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FOR RELEASE: Nov 6, 2000

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Chris Alexander
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GM Board Declares Quarterly Dividend

DETROIT - The General Motors Board of Directors has declared a quarterly dividend of $0.50 per share on GM $1-2/3 par value common stock. The dividend is payable Dec. 9, 2000, to holders of record as of Nov. 16, 2000. The dividend rate is unchanged from the previous quarter.

The GM board also today declared the following quarterly dividends: $0.57 per GM Series G depositary share; and $8.7793 per GM Series H automatically convertible preference stock. These dividends are payable Feb. 1, 2001, to holders of record on Jan. 2, 200