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Acquisition Volume Surges

31 November 1998

Acquisition Volume Surges

    AUSTIN, Texas, Nov. 30 -- AutoBond Acceptance Corporation
(Amex: ABD) ("AutoBond"), listed on the Amex under the symbol ABD, is pleased
to report finance contract acquisition volume of $14 million for November,
1998.  This compares favorably with October, 1998 volume of $10 million.
October and November 1998 combined volume exceeds the entire third quarter
1998 volume.
    AutoBond currently has 6,531,311 common shares and 1,125,000 preferred
shares outstanding.  AutoBond is a specialty consumer finance company engaged
in underwriting, acquiring, servicing and securitizing retail installment
contracts originated primarily by franchised automobile dealers in connection
with the sale of used and, to a lesser extent, new vehicles to selected
consumers with limited access to traditional sources of credit.  AutoBond is
located in Austin, Texas and in 1998 to date acquired contracts nationwide
from dealers in approximately 40 states.