AmeriCredit Corp. Announces $1.85 Billion Asset-Backed Securitization

    FORT WORTH, Texas--July 10, 2001--AMERICREDIT CORP. announced today the pricing of a $1.85 billion offering of automobile receivables-backed securities through Deutsche Banc Alex. Brown, Banc One Capital Markets, Inc., Barclays Capital, Credit Suisse First Boston and J.P. Morgan Securities, Inc.
    The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2001-B, in four classes of Notes:

Note Class    Amount      Average Life   Price      Interest Rate                            
----------  -----------   ------------   -----      -------------
   A-1     $247,000,000    0.24 years   100.0000   3 mo. LIBOR - 0.03%
   A-2      765,000,000    1.00 years   100.0000   1 mo. LIBOR + 0.11%
   A-3      200,000,000    2.00 years   100.0000   1 mo. LIBOR + 0.18%
   A-4      638,000,000    3.12 years    99.9987    3 yr. Swap + 0.28%
            -----------
           $1,850,000,000
            =========== 

    The weighted average coupon paid by AmeriCredit is 5.0%.
    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-seventh securitization of automobile receivables in which a total of over $16.8 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.