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Americredit Corp. Announces $1,000,000,000 Asset-backed Securitization

16 August 1999

Americredit Corp. Announces $1,000,000,000 Asset-backed Securitization

    FORT WORTH, Texas--Aug. 13, 1999--Americredit Corp. announced today the pricing of a $1 billion offering of automobile receivables-backed securities through Chase Securities Inc., Banc of America Securities LLC, Bear, Stearns & Co. Inc. and Credit Suisse First Boston.
    The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 1999-C, in seven classes of Notes:



Note Class    Amount       Average Life    Price    Interest Rate
----------    ------       ------------    -----    -------------
A-1 A    $  35,000,000     0.33 years    100.00000  5.674%
A-1 B      100,000,000     0.33 years    100.00000  Fed Funds +0.45%
A-2 A       69,500,000     1.00 years     99.99457  6.32%
A-2 B      230,500,000     1.00 years    100.00000  1 mo. LIBOR +0.30%
A-3        182,000,000     2.00 years     99.98580  6.84%
A-4        283,000,000     3.28 years    100.00000  1 mo. LIBOR +0.48%
A-5        100,000,000     1.60 years     99.99513  6.81%
        --------------
        $1,000,000,000
        --------------
        --------------


    The Class A-1A and Class A-1B Notes will be rated A-1+ by Standard & Poor's and P-1 by Moody's Investors Service, Inc. Notes in classes A-2 A through A-5 will be rated AAA by Standard & Poor's and Aaa by Moody's . Timely principal and interest payments on the Notes are guaranteed by an insurance policy provided by Financial Security Assurance Inc.
    The transaction represents AmeriCredit Corp.'s eighteenth securitization of automobile receivables in which a total of over $6.8 billion of automobile receivables-backed securities have been issued.
    AmeriCredit is a national consumer finance company specializing in purchasing, securitizing and servicing automobile loans and originating and selling mortgage loans. AmeriCredit maintains a Web site at www.americredit.com that contains further information on the Company.