---

AutoBond Announces Amex Delisting

14 September 1999

AutoBond Announces Amex Delisting

    AUSTIN, Texas, Sept. 13 -- AutoBond Acceptance Corporation
(Amex: ABD) ("AutoBond"), listed on the Amex under the symbol ABD, is
informing investors that the American Stock Exchange has initiated proceedings
to delist the Company's common and preferred shares.
    AutoBond is a specialty consumer finance company engaged in servicing
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 is licensed to acquire
contracts nationwide from dealers in approximately 40 states.  AutoBond
currently has 6,531,311 common and 1,125,000 preferred shares outstanding.
    NOTE:  The following is not an offer to buy or sell securities or assets
of any kind.