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Common Stock of AutoBond Acceptance Corporation Begins Trading on Amex

27 February 1998

Common Stock of AutoBond Acceptance Corporation Begins Trading on Amex

    NEW YORK, Feb. 27 -- The common stock of AutoBond Acceptance
Corporation began trading today on the American Stock Exchange under the
ticker symbol ABD.
    Based in Austin, Texas, AutoBond Acceptance is a specialty consumer
finance company which underwrites, acquires, services and securitizes retail
installment contracts in connection with the sale of used and new vehicles to
selected consumers with limited access to traditional sources of credit.  The
company acquires finance contracts directly from franchised automobile
dealers, makes credit decisions using its own underwriting guidelines and
credit personnel, and performs the collection function for finance contracts
using its own collections department.
    AutoBond Acceptance's common stock opened today at 8-1/4 on 1,000 shares.
The company selected AGS Specialist Partners as its specialist unit.  AutoBond
Acceptance common stock previously traded on the Nasdaq National Market.  The
company's preferred stock already trades on the American Stock Exchange under
ticker symbol ABD.Pr.A.
    The American Stock Exchange is the only primary marketplace with a
significant presence in both equities and derivative securities.

SOURCE  American Stock Exchange