AmeriCredit Announces $1.8 Billion Asset-Backed Securitization

    FORT WORTH, Texas--Oct. 17, 2001--AMERICREDIT CORP. announced today the pricing of a $1.8 billion offering of automobile receivables-backed securities through Lead Managers J.P. Morgan Securities Inc. and Deutsche Bank Alex. Brown and Co-Managers Banc of America Securities LLC, Credit Suisse First Boston, and Merrill Lynch & Co.
    The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2001-D, in four classes of Notes:

Note Class     Amount    Average Life     Price        Interest Rate                            

A-1       $ 234,000,000    0.32 years    100.0000        2.39%
A-2         610,000,000    0.95 years    100.0000   1 mo. LIBOR + 0.23%
A-3         481,000,000    2.10 years    100.0000   1 mo. LIBOR + 0.30%
A-4         475,000,000    3.42 years     99.9863        4.41%
            -----------
         $1,800,000,000

    The weighted average coupon paid by AmeriCredit is 3.9%.

    The Class A-1 Notes will be rated A-1 by Standard & Poor's, Prime -1 by Moody's Investors Service, Inc. and F-1 by Fitch, Inc. Notes in classes A-2 through A-4 will be rated AAA by Standard & Poor's, Aaa by Moody's and AAA by Fitch. 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-ninth securitization of automobile receivables in which a total of over $20.2 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.