MINNEAPOLIS, Dec. 5 /PRNewswire/ -- Olympic Financial Ltd. (NYSE: OLM)
("Olympic") announced today the pricing of $730 million of automobile
receivables-backed securities through Donaldson, Lufkin & Jenrette Securities
Corporation as lead manager, with Bear, Stearns & Co., Inc. and J.P. Morgan &
Co. as co-managers.
    This transaction, when added to the remaining 1996-C prefund which was
completed this quarter, gives Olympic the possibility of selling up to $758
million of automobile loans in the fourth quarter of 1996.
    The coupon cost to the investor was approximately 6.08% compared to the
APR of loans in the initial delivery of approximately 15.19%, giving Olympic a
gross interest spread before hedges of 9.11%.
    The securities are issued via an owner trust, Olympic Automobile
Receivables Trust, 1996-D, in six classes:


       Security   Amount     Average      Coupon      Price      Yield
                              Life
        A-1    $77,500,000     .25        5.43%   1.00000000     5.43%
        A-2   $215,000,000     1.0        5.75%   0.99980289     5.84%
        A-3   $125,000,000    2.01        5.95%   0.99981922    6.034%
        A-4   $150,000,000     3.0        6.05%   0.99935256    6.151%
        A-5    $89,500,000    4.27        6.25%   0.99988756    6.335%
         B     $73,000,000    2.24       6.125%   0.99953290    6.227%

    The Class A-1 Money Market Notes will be rated A-1+ by Standard & Poor's
and P-1 by Moody's.  The Class A-2, A-3, A-4, A-5 Notes and Certificates will
be rated AAA by Standard & Poor's and Aaa by Moody's.  Timely principal and
interest on the Notes and Certificates are guaranteed by insurance policies
provided by Financial Security Assurance Inc. ("FSA").  The ratings by
Standard & Poor's of the Notes will be issued without regard to the insurance
policy provided by FSA.  The rating by Standard & Poor's of the Certificates
and the rating by Moody's of the Notes and Certificates will be based on the
issuance of the insurance policies by FSA.
    Use of the owner trust in this transaction enables Olympic to offer
multiple, sequential-pay securities and to prefund a portion of the trust,
thereby issuing a larger amount of securities than the amount of receivables
initially available.  The Company anticipates initial delivery to the trust of
approximately $511 million in automobile loans acquired from Olympic's network
of automobile dealers.  In addition, approximately $219 million will be
available to purchase receivables to be delivered in the near future.
    "The reception of this transaction by investors was excellent," said
Warren Kantor, Olympic's Chairman of the Executive Committee of the Board of
Directors.  "With the record interest spreads the Company achieved on this
securitization, this marks the largest and most profitable securitization in
the Company's history,"  Kantor commented.
    Olympic Financial Ltd. is a Minneapolis-based consumer finance company
which purchases, sells and services prime retail installment contracts for new
and used automobiles originated by more than 7,000 dealers nationwide.
Olympic is the largest independent provider of automobile financing.  The
Company, which was founded in 1990, has Regional Buying Centers in Arizona,
Northern and Southern California, Colorado, Florida, Georgia, Massachusetts,
Minnesota, Missouri, New York, North Carolina, Ohio, Tennessee, North, South
and West Texas and Washington.  The Company acquires loans through 17 Regional
Buying Centers and has expanded its dealer network to include dealers in 38
states.

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