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AutoBond Announces Amex Delisting Effective Tuesday, Oct. 5

4 October 1999

AutoBond Announces Amex Delisting Effective Tuesday, Oct. 5

    AUSTIN, Texas, Oct. 4 -- AutoBond Acceptance Corporation
(Amex: ABD) ("AutoBond"), listed on the Amex under the symbol ABD, is
announcing that tomorrow, October 5th, is the last day that the Company's
common and preferred shares will trade on the Amex stock exchange.  Upon
removal from the Amex, the Company's shares will trade on the OTC bulletin
board.
    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.

    Contact:  Adrian Katz  512-435-7000.

    Note:  This is not an offer to buy or sell securities or assets of any
           kind.