---

ECCO Capital Appoints Chief Financial Officer

5 November 1998

ECCO Capital Appoints Chief Financial Officer

    MINNEAPOLIS, Nov. 5 -- ECCO Capital Corporation
(OTC Bulletin Board: ECCP) announced today that Stanley L. Mason has been
named the Company's Chief Financial Officer.
    Mason, a certified public accountant and a native of Texas, graduated
Magna Cum Laude in accounting from Baylor University in 1980.  Most recently
he was employed at Carruth-Doggett Industries, Houston, as Vice President of
Finance and Administration.  Carruth-Doggett Industries, is a privately owned
Case equipment dealer with five locations.  Prior to that, he was with
Allwaste, Inc., Houston, a $500 million domestic environmental services
company, as the controller of that company's Southeast region.  His experience
also includes eight years with Peat Marwick Main & Co. in their Dallas office.
Mason commenced his duties at ECCO Capital effective November 3, 1998.
    Cullen Grandlund, Chairman and Chief Executive Officer of ECCO Capital,
commented, "With the appointment of this experienced and capable professional,
we are now positioned to better meet the demands of being a growing, public
company."
    ECCO Capital Corporation was formed in 1997 when Metro Fleet Sales and
Leasing, Inc. of St. Louis Park, Minn. merged into a dormant public shell.
Metro Fleet Sales and Leasing has been engaged since 1993 in the business of
offering and operating a unique leasing program featuring reliable used cars
which are leased at attractive low monthly rates.
    For more information, contact Bill Bartkowski, Managing Director of
Swenson NHB, 612-344-1012 direct, 888-642-1955 toll free, for ECCO Capital, or
Cullen Grandlund, Chief Executive Officer of ECCO Capital Corporation,
612-546-1348, fax 612-546-2538.