Americredit Corp. Announces $700 Million Asset-backed Securitization.

FORT WORTH, Texas--(BUSINESS WIRE)--Feb. 12, 1999--Americredit Corp. (NYSE:ACF) announced today the pricing of a $700 million offering of automobile receivables-backed securities through Credit Suisse First Boston, Bear, Stearns & Co. Inc., Chase Securities Inc., and NationsBanc Montgomery Securities LLC.

The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 1999-A, in four classes of Notes:

-0-

                                                               Annual
Note Class      Amount       Average Life   Coupon    Price    Yield
----------      ------       ------------   ------    -----    -----
   A-1        $140,000,000   0.26 years      4.980%  100.000   4.980%
   A-2         235,000,000   1.00 years      5.383%  100.000   5.520%
   A-3         130,000,000   2.00 years      5.740%   99.984   5.818%
   A-4         195,000,000   3.13 years      5.880%   99.979   5.960%
               -----------
              $700,000,000
               -----------
               -----------

The Class A-1 Notes will be rated A-1+ by Standard & Poor's and P-1 by Moody's Investors Service, Inc. The Class A-2, A-3 and A-4 Notes will be rated AAA by Standard & Poor's and Aaa by Moody's. Timely principal and interest payments on the Notes are guaranteed by an insurance policy provided by Financial Security Assurance Inc.

The transaction represents AmeriCredit Corp.'s sixteenth securitization of automobile receivables in which a total of over $4.8 billion of automobile receivables-backed securities have been issued.

AmeriCredit is a national consumer finance company specializing in purchasing, securitizing and servicing automobile loans and originating and selling mortgage loans. AmeriCredit maintains a Web site at http://www.americredit.com that contains further information on the Company.