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Schroder & Company, Inc. Initiates Coverage Of Automobile Protection Corporation

17 August 1998

Schroder & Company, Inc. Initiates Coverage Of Automobile Protection Corporation

    ATLANTA, Aug. 17 -- Automobile Protection Corporation
announced today that Schroder & Company, Inc. has initiated
coverage with a BUY rating.
    Schroder & Company, Inc. ("Schroders") established 1804, is a full service
investment and merchant bank and one of the world's largest asset management
groups with over $200 billion under management.  Schroders employs 5,500
individuals in 41 countries and ranks among the 100 largest companies listed
on the London Stock Exchange and as one of the largest investment banks in the
world with a market capitalization of $6.5 billion.
    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 our products or markets, or otherwise makes
statements about the future, our 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.  The specific risk factors are
described in the Company's Form 10-K that has been filed with the Securities &
Exchange Commission in connection with its 1997 year.