AmeriCredit Announces $1,089,000,000 Asset-backed Securitization

    FORT WORTH, Texas--April 18, 2001--AMERICREDIT CORP. today announced the pricing of a $1,089,000,000 offering of automobile receivables-backed securities through Chase Securities Inc. and Deutsche Banc Alex. Brown.

	   The securities will be issued via an owner trust, AmeriCredit
Automobile Receivables Trust 2001-1, in seven classes of Notes:

Note Class Rating     Amount     Average Life   Price   Interest Rate
---------- ------     ------     ------------   -----    ------------
    A-1    A-1+/P-1 $175,000,000   0.26 years   100.000     4.8075%
    A-2    AAA/Aaa   348,000,000   1.00 years    99.992      4.63%
    A-3    AAA/Aaa   304,750,000   2.18 years    99.996      5.13%
     B     AA/Aa3     99,000,000   3.12 years    99.974      5.81%
     C      A/A3      55,000,000   3.63 years    99.989      6.35%
     D    BBB+/Baa3   52,250,000   3.70 years    99.981      6.98%
     E     BB/Ba1     55,000,000   0.88 years    99.998      9.29%
                      ----------
                   $1,089,000,000
                   ============== 

    The weighted average coupon rate due to security holders is 5.6%.
    The ratings will be provided by Standard & Poor's, Moody's Investor Service, Inc. and Fitch IBCA. This transaction is similar to the company's 2000-1 securitization in that it employs a combination of subordinated notes, overcollateralization and a reserve fund to support the ratings instead of bond insurance.
    This transaction represents AmeriCredit Corp.'s twenty-sixth securitization of automobile receivables in which a total of over $14.9 billion of automobile receivables-backed securities have been issued.
    AmeriCredit is the largest independent 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.