FORT WORTH, Texas--(BUSINESS WIRE)--Sept. 5, 2001--AMERICREDIT CORP. (NYSE:ACF) announced today the pricing of a $1.6 billion offering of automobile receivables-backed securities through Credit Suisse First Boston, Banc of America Securities LLC, Barclays Capital, Deutsche Banc Alex. Brown, and Merrill Lynch & Co.

The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2001-C, in four classes of Notes:

Note Class    Amount       Average Life   Price      Interest Rate                            
----------    ------       ------------   -----      -------------
  A-1      $230,000,000     0.31 years   100.0000  4 mo. LIBOR - 0.04%
  A-2       395,000,000     0.81 years    99.9942      EDSF + 0.14%
  A-3       525,000,000     1.89 years   100.0000  1 mo. LIBOR + 0.15%
  A-4       450,000,000     3.37 years    99.9767     Swaps + 0.24%
            -----------
          $1,600,000,000
          ==============

The weighted average coupon paid by AmeriCredit is 4.6%.

The Class A-1 Notes will be rated A-1 by Standard & Poor's, Prime -1 by Moody's Investors Service, Inc. and F-1 by Fitch, Inc. Notes in classes A-2 through A-4 will be rated AAA by Standard & Poor's, Aaa by Moody's and AAA by Fitch. 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 twenty-eighth securitization of automobile receivables in which a total of over $18.4 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.