AmeriCredit Corp. Announces $1.4 Billion Asset-Backed Securitization

    FORT WORTH, Texas--Jan. 24, 2001--AMERICREDIT CORP. announced today the pricing of a $1.4 billion offering of automobile receivables-backed securities through Banc of America Securities LLC, Barclays Capital, Bear, Stearns & Co. Inc., J.P. Morgan Securities, Inc. and Deutsche Banc Alex. Brown.
    The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2001-A, in four classes of Notes:

Note Class      Amount   Average Life      Price   Interest Rate  
----------      ------   ------------      -----   -------------
    A-1   $200,000,000     0.29 years   100.0000   3 mo. LIBOR - 0.04%
    A-2    515,000,000     1.00 years    99.9945   Eurodollar + 0.15%
    A-3    214,000,000     2.00 years   100.0000   1 mo. LIBOR + 0.20%
    A-4    471,000,000     3.20 years   100.0000   1 mo. LIBOR + 0.24%
           -----------
        $1,400,000,000
        ==============

    The weighted average coupon paid by AmeriCredit is 5.7%.
    The Class A-1 Notes will be rated A-1+ by Standard & Poor's and P-1 by Moody's Investors Service, Inc. Notes in classes A-2 through A-4 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 twenty-fifth securitization of automobile receivables in which a total of over $13.8 billion of automobile receivables-backed securities have been issued.
    AmeriCredit is the largest middle market automobile finance company in North America specializing in purchasing and servicing automobile loans. AmeriCredit maintains a Web site at www.americredit.com that contains further information on the Company.