AmeriCredit Corp. Announces $495,000,000 Asset-Backed Securitization

1 November 2000

AmeriCredit Corp. Announces $495,000,000 Asset-Backed Securitization

FORT WORTH, Texas--Nov. 1, 2000--AMERICREDIT CORP. today announced the pricing of a $495,000,000 offering of automobile receivables-backed securities through Deutsche Banc Alex. Brown and Chase Securities Inc.
The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2000-1, in seven classes of Notes:



Note Class   Rating      Amount    Average Life   Price  Interest Rate
----------   ------      ------    ------------   -----  -------------
   A-1      A-1+/P-1  $80,000,000   0.20 years   100.000     6.757%
   A-2       AAA/Aaa  174,000,000   1.00 years    99.993     6.700%
   A-3       AAA/Aaa  119,250,000   2.17 years    99.982     6.740%
     B        AA/Aa3   45,000,000   2.98 years    99.989     7.160%
     C          A/A3   25,000,000   3.41 years    99.993     7.440%
     D     BBB+/Baa3   25,000,000   3.64 years    99.986     8.220%
     E        BB/Ba1   26,750,000   1.11 years    99.999    10.680%
                       ----------
                     $495,000,000
                     ============

    The weighted average coupon rate due to security holders is 7.2%.
    The ratings will be provided by Standard & Poor's and Moody's Investor Service, Inc. Unlike the ratings for AmeriCredit's prior twenty-two securitizations that relied on bond insurance to provide credit enhancement, this transaction employs a combination of subordinated notes, overcollateralization and a reserve fund to support the ratings.
    This transaction represents AmeriCredit Corp.'s twenty-third securitization of automobile receivables in which a total of over $11.7 billion of automobile receivables-backed securities have been issued.
    AmeriCredit is the largest independent middle market automobile finance company in North America specializing in purchasing and servicing automobile loans. AmeriCredit maintains a Web site at www.americredit.com that contains further information on the Company.