---

APCO Announces Coverage with the Robinson-Humphrey Company

21 July 1998

The Robinson-Humphrey Company, LLC Initiates Coverage On Automobile Protection Corporation

    ATLANTA, July 21 -- Automobile Protection Corporation
announced today that Robinson-Humphrey Company, LLC has
initiated coverage with an attractive buy rating.  Robinson-Humphrey Company,
LLC is a full service broker dealer, headquartered in Atlanta, Georgia with
offices located throughout the southeast.
    APCO, established 1984, is a leading administrator of products and
services to automobile and recreational vehicle dealers.  The Company's core
business is the marketing and administration of EasyCare(R) Vehicle Service
Contracts and the EasyCare(R) Certified Pre-Owned Vehicle Merchandising
Program.  The Company also administers warranty and service contract products
under private labels for financial institutions, an insurance company and a
manufacturer.
    "Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995:  To the extent that this news release discusses financial
projections, information or expectations about the Company's products or
markets, or otherwise makes statements about the future, the Company's
statements are forward looking and are subject to a number of risks and
uncertainties that could cause actual results to differ materially from the
statements made.  These factors include, but are not limited to, the
competitive nature of the industry in which some competitors have
significantly greater financial resources and name recognition than the
Company, the availability of insurance coverage at competitive rates and of
insurance funds to make claims payments, the Company's dependence on
independent sales representatives, dealers and a major automobile
manufacturer, the cyclical nature of the automobile industry, and other risks
detailed in the Company's Form 1O-K that has been filed with the Securities &
Exchange Commission in connection with its 1996 year.