AmeriCredit Automobile Receivables Trust 2004-D-F
INDEMNIFICATION AGREEMENT
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<DESCRIPTION>INDEMNIFICATION AGREEMENT
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<P align="right" style="font-size: 10pt"><B>Exhibit&nbsp;10.2<BR>
Execution Copy</B>



<P align="center" style="font-size: 10pt">INDEMNIFICATION AGREEMENT



<P align="center" style="font-size: 10pt">among



<P align="center" style="font-size: 10pt">FINANCIAL SECURITY ASSURANCE INC.,



<P align="center" style="font-size: 10pt">AFS FUNDING TRUST



<P align="center" style="font-size: 10pt">and



<P align="center" style="font-size: 10pt">CREDIT SUISSE FIRST BOSTON LLC



<P align="center" style="font-size: 10pt">Dated as of October&nbsp;26, 2004



<P align="center" style="font-size: 10pt">$145,000,000 Class&nbsp;A-1 2.08% Asset Backed Notes, Series&nbsp;2004-D-F<BR>
$236,000,000 Class&nbsp;A-2 2.53% Asset Backed Notes, Series&nbsp;2004-D-F<BR>
$197,000,000 Class&nbsp;A-3 2.98% Asset Backed Notes, Series&nbsp;2004-D-F<BR>
$172,000,000 Class&nbsp;A-4 3.43% Asset Backed Notes, Series&nbsp;2004-D-F



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<P align="center" style="font-size: 10pt">TABLE OF CONTENTS


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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;1.&nbsp;&nbsp;Definitions
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    <TD align="right" valign="top">1</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;2. Representations, Warranties and Agreements of Financial Security
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3</TD>
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<TR valign="bottom" style="background: #eeeeee">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;3. Representations, Warranties and Agreements of the Underwriters
</DIV></TD>
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    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;4. Indemnification
</DIV></TD>
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    <TD align="right" valign="top">6</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;5. Indemnification Procedures
</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD align="right" valign="top">6</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;6. Contribution
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    <TD align="right" valign="top">7</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Section&nbsp;7. Miscellaneous
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    <TD align="right" valign="top">8</TD>
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<P align="left" style="font-size: 10pt">EXHIBIT A &#151; Opinion of Assistant General Counsel



<P align="center" style="font-size: 10pt">&nbsp;
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<P align="center" style="font-size: 10pt">INDEMNIFICATION AGREEMENT



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INDEMNIFICATION AGREEMENT dated as of October&nbsp;26, 2004, among FINANCIAL
SECURITY ASSURANCE INC. (&#147;Financial Security&#148;), AFS FUNDING TRUST, (the
&#147;Seller&#148;) and CREDIT SUISSE FIRST BOSTON LLC, as the Representative (as defined
below):


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1. Definitions. For purposes of this Agreement, the following
terms shall have the meanings provided below:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Agreement&#148; means this Indemnification Agreement, as amended from time to
time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Closing Date&#148; means November&nbsp;9, 2004.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Federal Securities Laws&#148; means the Securities Act, the Securities
Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company
Act of 1940, the Investment Advisers Act of 1940 and the Public Utility Holding
Company Act of 1935, each as amended from time to time, and the rules and
regulations in effect from time to time under such Acts.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Financial Security Agreements&#148; means this Agreement, the Spread Account
Agreement, the Spread Account Agreement Supplement and the Insurance Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Financial Security Information&#148; has the meaning provided in Section 2(g)
hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Financial Security Party&#148; means any of Financial Security, its parent,
subsidiaries and affiliates, and any shareholder, director, officer, employee,
agent or &#147;controlling person&#148; (as such term is used in the Securities Act) of
any of the foregoing.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Indemnified Party&#148; means any party entitled to any indemnification
pursuant to Section&nbsp;4 hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Indemnifying Party&#148; means any party required to provide indemnification
pursuant to Section&nbsp;4 hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Insurance Agreement&#148; means the Insurance and Indemnity Agreement, dated
as of October&nbsp;26, 2004 among Financial Security, the Trust, AmeriCredit
Financial Services, Inc., AmeriCredit Corp. and AFS Funding Trust.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Losses&#148; means (a)&nbsp;any actual out-of-pocket damages incurred by the party
entitled to indemnification or contribution hereunder, (b)&nbsp;any actual
out-of-pocket costs or expenses incurred by such party, including reasonable
fees or expenses of its counsel and other expenses incurred in connection with
investigating or defending any claim, action or other proceeding which entitle
such party to be indemnified hereunder (subject to the limitations set forth in
Section&nbsp;5 hereof), to the extent not paid, satisfied or reimbursed from funds
provided by any other Person other than an affiliate of such party (provided
that the foregoing shall not create or imply any obligation to pursue recourse
against any such other Person), plus (c)&nbsp;interest on the amount paid by the
party entitled to indemnification or contribution from the date of such


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<P align="left" style="font-size: 10pt">payment to the date of payment by the party who is obligated to indemnify
or contribute hereunder at the statutory rate applicable to judgments for
breach of contract.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Offering Document&#148; means the Prospectus and any other material or
documents delivered by the Underwriters to any Person in connection with the
offer or sale of the Securities.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Person&#148; means any individual, partnership, joint venture, corporation,
trust, unincorporated organization or other organization or entity (whether
governmental or private).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Policy&#148; means the financial guaranty insurance policy delivered by
Financial Security with respect to the Securities.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Prospectus&#148; means, collectively, the Prospectus relating to the
Securities dated July&nbsp;10, 2003 and the Prospectus Supplement dated October&nbsp;25,
2004 (the &#147;Prospectus Supplement&#148;) relating to the Securities.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Representative&#148; means Credit Suisse First Boston LLC., as representative
of the Underwriters.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Securities&#148; means the Trust&#146;s $145,000,000 Class&nbsp;A-1 2.08% Asset Backed
Notes, $236,000,000 Class&nbsp;A-2 2.53% Asset Backed Notes, $197,000,000 Class&nbsp;A-3
2.98% Asset Backed Notes and $172,000,000 Class&nbsp;A-4 3.43% Asset Backed Notes
issued pursuant to the Series&nbsp;2004-D-F Indenture.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Securities Act&#148; means the Securities Act of 1933, as amended from time to
time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Seller Party&#148; means any of the Seller, its parent, subsidiaries and
affiliates and any employee, agent or &#147;controlling person&#148; (as such term is
used in the Securities Act) of any of the foregoing.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Spread Account Agreement&#148; means the Spread Account Agreement, as amended
and restated, dated as of May&nbsp;11, 1998, and as further amended as of September
10, 2003, among Financial Security, AFS Funding Trust, the collateral agent
named therein and the trustees specified therein, as the same may be amended,
supplemented or otherwise modified in accordance with the terms thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Spread Account Agreement Supplement&#148; means the Series&nbsp;2004-D-F Supplement
to Spread Account Agreement, dated as of October&nbsp;26, 2004, among Financial
Security, AFS Funding Trust, the collateral agent named therein and the
trustees specified therein.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Trust&#148; means AmeriCredit Automobile Receivables Trust 2004-D-F.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Underwriter Information&#148; has the meaning provided in Section 3(c) hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Underwriter Party&#148; means any of the Underwriters, its respective parent,
subsidiaries and affiliates and any shareholder, director, officer, employee,
agent or &#147;controlling person&#148; (as such item is used in the Securities Act) of
any of the foregoing.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Underwriters&#148; means Credit Suisse First Boston LLC., UBS Securities LLC,
Barclays Capital Inc., Lehman Brothers Inc. and Morgan Stanley &#038; Co.
Incorporated, as underwriters.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Underwriting Agreement&#148; means the Underwriting Agreement, dated as of
October&nbsp;25, 2004 among the Seller, AmeriCredit Financial Services, Inc. and the
Representative.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2. Representations, Warranties and Agreements of Financial
Security. Financial Security represents, warrants and agrees as follows:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Organization, Etc. Financial Security is a stock insurance
company duly organized, validly existing and authorized to transact
financial guaranty insurance business under the laws of the State of New
York.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Authorization, Etc. The Policy and the Financial Security
Agreements have been duly authorized, executed and delivered by Financial
Security.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Validity, Etc. The Policy and the Financial Security Agreements
constitute valid and binding obligations of Financial Security,
enforceable against Financial Security in accordance with their terms,
subject, as to the enforcement of remedies, to bankruptcy, insolvency,
reorganization, rehabilitation, moratorium and other similar laws
affecting the enforceability of creditors&#146; rights generally applicable in
the event of the bankruptcy or insolvency of Financial Security and to
the application of general principles of equity and subject, in the case
of this Agreement, to principles of public policy limiting the right to
enforce the indemnification provisions contained herein.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exemption From Registration. The Policy is exempt from
registration under the Securities Act.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No Conflicts. Neither the execution or delivery by Financial
Security of the Policy or the Financial Security Agreements, nor the
performance by Financial Security of its obligations thereunder, will
conflict with any provision of the certificate of incorporation or the
bylaws of Financial Security nor result in a breach of, or constitute a
default under, any material agreement or other instrument to which
Financial Security is a party or by which any of its property is bound
nor violate any judgment, order or decree applicable to Financial
Security of any governmental or regulatory body, administrative agency,
court or arbitrator having jurisdiction over Financial Security (except
that, in the published opinion of the Securities and Exchange Commission,
the indemnification provisions of this Agreement, insofar as they relate
to indemnification for liabilities arising under the Securities Act, are
against public policy as expressed in the Securities Act and are
therefore unenforceable).



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Financial Information. The consolidated balance sheets of
Financial Security as of December&nbsp;31, 2003 and December&nbsp;31, 2002 and the
related consolidated statements of income, changes in shareholder&#146;s
equity and cash flows for each of the three years in the period ended
December&nbsp;31, 2003, and the interim consolidated balance sheets of
Financial Security as of March&nbsp;31, 2004 (and March&nbsp;31, 2003) and June&nbsp;30,
2004 (and June&nbsp;30, 2003) (unaudited), and the related statements of
income, changes in shareholder equity and cash flows for the interim
period then ended, which are incorporated by


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<P align="left" style="margin-left:3%; font-size: 10pt">reference in the Prospectus, fairly present in all material respects
the financial condition of Financial Security as of such dates and for
such periods in accordance with generally accepted accounting principles
consistently applied (subject as to interim statements to normal year-end
adjustments) and since the date of the most current interim consolidated
balance sheet referred to above there has been no change in the financial
condition of Financial Security which would materially and adversely
affect its ability to perform its obligations under the Policy.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Financial Security Information. The information in the
Prospectus Supplement set forth or incorporated by reference under the
caption &#147;The Insurer&#148; (as revised from time to time in accordance with
the provisions hereof, the &#147;Financial Security Information&#148;) is limited
and does not purport to provide the scope of disclosure required to be
included in a prospectus with respect to a registrant in connection with
the offer and sale of securities of such registrant registered under the
Securities Act. Within such limited scope of disclosure, however, as of
the date of the Prospectus Supplement and as of the Closing Date, the
Financial Security Information does not contain any untrue statement of a
material fact, or omit to state a material fact necessary to make the
statements contained therein, in the light of the circumstances under
which they were made, not misleading.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Additional Information. Financial Security will furnish to the
Underwriters or the Seller, upon request of the Underwriters or the
Seller, as the case may be, copies of Financial Security&#146;s most recent
financial statements (annual or interim, as the case may be) which fairly
present in all material respects the financial condition of Financial
Security as of the dates and for the periods indicated, in accordance
with generally accepted accounting principles consistently applied except
as noted therein (subject, as to interim statements, to normal year-end
adjustments). In addition, if the delivery of a Prospectus relating to
the Securities is required at any time prior to the expiration of nine
months after the time of issue of the Prospectus in connection with the
offering or sale of the Securities, the Seller or the Underwriters will
notify Financial Security of such requirement to deliver a Prospectus and
Financial Security will promptly provide the Underwriters and the Seller
with any revisions to the Financial Security Information that are in the
judgment of Financial Security necessary to prepare an amended Prospectus
or a supplement to the Prospectus.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Opinion of Counsel. Financial Security will furnish to the
Underwriters and the Seller on the closing date for the sale of the
Securities an opinion of its Assistant General Counsel, to the effect set
forth in Exhibit&nbsp;A attached hereto, dated such closing date and addressed
to the Seller and the Underwriters.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Consents and Reports of Independent Accountants. Financial
Security will furnish to the Underwriters and the Seller, upon request,
as comfort from its independent accountants in respect of its financial
condition, (i)&nbsp;at the expense of the Person specified in the Insurance
Agreement, a copy of the Prospectus, including either a manually signed
consent or a manually signed report of Financial Security&#146;s independent
accountants and (ii)&nbsp;the quarterly review letter by Financial Security&#146;s
independent accountants in respect of the most recent interim financial
statements of Financial Security.


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<P align="left" style="font-size: 10pt">Nothing in this Agreement shall be construed as a representation or warranty by
Financial Security concerning the rating of its insurance financial strength by
Fitch Ratings, Moody&#146;s Investors Service, Inc., Standard &#038; Poor&#146;s and Rating
and Investment Information, Inc. or any other rating assigned by a rating
agency (collectively, the &#147;Rating Agencies&#148;). The Rating Agencies, in
assigning such ratings, take into account facts and assumptions not described
in the Prospectus and the facts and assumptions which are considered by the
Rating Agencies, and the ratings issued thereby, are subject to change over
time.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3. Representations, Warranties and Agreements of the Underwriters.
Each of the Underwriters represents, warrants and agrees as follows:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Compliance With Laws. Such Underwriter will comply in all
material respects with all legal requirements in connection with offers
and sales of the Securities and make such offers and sales in the manner
provided in the Prospectus.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Offering Document. Such Underwriter will not use, or distribute
to other broker-dealers for use, any Offering Document in connection with
the offer and sale of the Securities unless such Offering Document
includes such information as has been furnished by Financial Security for
inclusion therein and the information therein concerning Financial
Security has been approved by Financial Security in writing. Financial
Security hereby consents to the information in respect of Financial
Security included in the Prospectus. Each Offering Document which
described the Policy will include the following statement:



<P align="left" style="margin-left:6%; font-size: 10pt">&#147;The Policy is not covered by the Property/Casualty
Insurance Security Fund specified in Article&nbsp;76 of the
New York Insurance Law&#148;.



<P align="left" style="margin-left:3%; font-size: 10pt">Each Offering Document including financial statements with respect to
Financial Security prepared in accordance with generally accepted
accounting principles (but excluding any Offering Document in which such
financial statements are incorporated by reference) will include the
following statement immediately preceding such financial statements:



<P align="left" style="margin-left:6%; font-size: 10pt">&#147;The New York State Insurance Department recognizes
only statutory accounting practices for determining
and reporting the financial condition and results of
operations of an insurance company, for determining
its solvency under the New York Insurance Law, and for
determining whether its financial condition warrants
the payment of a dividend to its stockholders. No
consideration is given by the New York State Insurance
Department to financial statements prepared in
accordance with generally accepted accounting
principles in making such determinations.&#148;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Underwriter Information. All material provided by the
Underwriters for inclusion in the Prospectus (as revised from time to
time, the &#147;Underwriter Information&#148;),


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<P align="left" style="margin-left:3%; font-size: 10pt">insofar as such information relates to the Underwriters, is true and
correct in all material respects. In respect of the Prospectus
Supplement, the Underwriter Information is limited to the information set
forth (i)&nbsp;on the cover page of the Prospectus Supplement, the information
in the table under the headings entitled &#147;Price to Public&#148;, &#147;Underwriting
Discounts&#148; and &#147;Proceeds to Seller&#148; and (ii)&nbsp;in the body of the
Prospectus Supplement and within the Underwriting section, (a)&nbsp;the
paragraph immediately following the Class&nbsp;A-4 Notes Underwriter
commitment table, (b)&nbsp;the two paragraphs immediately following the
paragraph containing three bulleted sub-paragraphs and (c)&nbsp;the third-to-
last paragraph and the final paragraph of the section.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4. Indemnification.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Financial Security agrees, upon the terms and subject to the
conditions provided herein, to indemnify, defend and hold harmless each
Seller Party and each Underwriter Party against (i)&nbsp;any and all Losses
incurred by them with respect to the offer and sale of the Securities and
resulting from Financial Security&#146;s breach of any of its representations,
warranties or agreements set forth in Section&nbsp;2 hereof and (ii)&nbsp;any and
all Losses to which any Seller Party or Underwriter Party may become
subject, under the Securities Act or otherwise, insofar as such Losses
arise out of or result from an untrue statement of a material fact
contained in any Offering Document or the omission to state therein a
material fact required to be stated therein or necessary to make the
statements therein not misleading, in each case to the extent, but only
to the extent, that such untrue statement or omission was made in the
Financial Security Information included therein in accordance with the
provisions hereof.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Underwriters, agrees, severally but not jointly,
upon the terms and subject to the conditions provided herein, to
indemnify, defend and hold harmless each Financial Security Party against
(i)&nbsp;any and all Losses incurred by them with respect to the offer and
sale of the Securities and resulting from the Underwriters&#146; breach of any
of its representations, warranties or agreements set forth in Section&nbsp;3
hereof and (ii)&nbsp;any and all Losses to which any Financial Security Party
may become subject, under the Securities Act or otherwise, insofar as
such Losses arise out of or result from an untrue statement of a material
fact contained in any Offering Document or the omission to state therein
a material fact required to be stated therein or necessary to make the
statements therein not misleading, in each case to the extent, but only
to the extent, that such untrue statement or omission was made in the
Underwriter Information of the Underwriter included therein.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon the incurrence of any Losses for which a party is entitled
to indemnification hereunder, the Indemnifying Party shall reimburse the
Indemnified Party promptly upon establishment by the Indemnified Party to
the Indemnifying Party of the Losses incurred.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5. Indemnification Procedures. Except as provided below in
Section&nbsp;6 with respect to contribution, the indemnification provided herein by
an Indemnifying Party shall be the exclusive remedy of any and all Indemnified
Parties for the breach of a representation, warranty or agreement hereunder by
an Indemnifying Party; provided, however, that each


<P align="center" style="font-size: 10pt">6
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">Indemnified Party shall be entitled to pursue any other remedy at law or
in equity for any such breach so long as the damages sought to be recovered
shall not exceed the Losses incurred thereby resulting from such breach. In
the event that any action or regulatory proceeding shall be commenced or claim
asserted which may entitle an Indemnified Party to be indemnified under this
Agreement, such party shall give the Indemnifying Party written or telegraphic
notice of such action or claim reasonably promptly after receipt of written
notice thereof. The Indemnifying Party shall be entitled to participate in
and, upon notice to the Indemnified Party, assume the defense of any such
action or claim in reasonable cooperation with, and with the reasonable
cooperation of, the Indemnified Party. The Indemnified Party will have the
right to employ its own counsel in any such action in addition to the counsel
of the Indemnifying Party, but the fees and expenses of such counsel will be at
the expense of such Indemnified Party, unless (a)&nbsp;the employment of counsel by
the Indemnified Party at its expense has been authorized in writing by the
Indemnifying Party, (b)&nbsp;the Indemnifying Party has not in fact employed counsel
to assume the defense of such action within a reasonable time after receiving
notice of the commencement of the action, or (c)&nbsp;the named parties to any such
action or proceeding (including any impleaded parties) include both the
Indemnifying Party and one or more Indemnified Parties, and the Indemnified
Parties shall have been advised by counsel that (A)&nbsp;there may be one or more
legal defenses available to them which are different from or additional to
those available to the Indemnifying Party and (B)&nbsp;the representation of the
Indemnifying Party and such Indemnified Parties by the same counsel would be
inappropriate or contrary to prudent practice (in which case, if such
Indemnified Parties notify the Indemnifying Party in writing that they elect to
employ separate counsel at the expense of the Indemnifying Party, the
Indemnifying Party shall not have the right to assume the defense of such
action or proceeding on behalf of such Indemnified Parties, it being
understood, however, that the Indemnifying Party shall not, in connection with
any one such action or proceeding or separate but substantially similar or
related actions or proceedings in the same jurisdiction arising out of the same
general allegations or circumstances, be liable for the reasonable fees and
expenses of more than one separate firm of attorneys at any time for all Seller
Parties, one such firm for all Underwriter Parties and one such firm for all
Financial Security Parties, as the case may be, which firm shall be designated
in writing by the Seller in respect of the Seller Parties, by the Underwriters
in respect of the Underwriter Parties and by Financial Security in respect of
the Financial Security Parties), in each of which cases the fees and expenses
of counsel will be at the expense of the Indemnifying Party and all such fees
and expenses will be reimbursed promptly as they are incurred. The
Indemnifying Party shall not be liable for any settlement of any such claim or
action unless the Indemnifying Party shall have consented thereto or be in
default in its obligations hereunder. Any failure by an Indemnified Party to
comply with the provisions of this Section shall relieve the Indemnifying Party
of liability only if such failure is prejudicial to the position of the
Indemnifying Party and then only to the extent of such prejudice.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6. Contribution.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To provide for just and equitable contribution if the
indemnification provided by any Indemnifying Party is determined to be
unavailable or insufficient for any Indemnified Party (other than due to
application of this Section), each Indemnifying Party (severally and not
jointly in the case of the Underwriters) shall contribute to the Losses
arising from any breach of any of its representations, warranties or
agreements contained in this Agreement on the basis of the relative fault
of each of the parties as set


<P align="center" style="font-size: 10pt">7
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<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="margin-left:3%; font-size: 10pt">forth in Section 6(b) below; provided, however, that an Indemnifying
Party shall in no event be required to contribute to all Indemnified
Parties an aggregate amount in excess of the Losses incurred by such
Indemnified Parties resulting from the breach of representations,
warranties or agreements contained in this Agreement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The relative fault of each Indemnifying Party, on the one hand,
and of each Indemnified Party, on the other, shall be determined by
reference to, among other things, whether the breach of, or alleged
breach of, any representations, warranties or agreements contained in
this Agreement relates to information supplied by, or action within the
control of, the Indemnifying Party or the Indemnified Party and the
parties&#146; relative intent, knowledge, access to information and
opportunity to correct or prevent such breach.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The parties agree that Financial Security shall be solely
responsible for the Financial Security Information and the Underwriters
shall be solely responsible for the Underwriter Information and that the
balance of each Offering Document shall be the responsibility of the
Seller.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything in this Section&nbsp;6 to the contrary, the
Underwriters shall not be required to contribute an amount in excess of
the amount by which the total price of the Securities underwritten by the
Underwriters exceeds the amount of any damages that the Underwriters have
otherwise been required to pay in respect of such untrue statement or
omission.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Upon the incurrence of any Losses entitled to contribution
hereunder, the contributor shall reimburse the party entitled to
contribution promptly upon establishment by the party entitled to
contribution to the contributor of the Losses incurred.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7. Miscellaneous.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notices. All notices and other communications provided for
under this Agreement shall be delivered to the address set forth below or
to such other address as shall be designated by the recipient in a
written notice to the other party or parties hereto.


<P align="center" style="font-size: 10pt">8
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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">If to Financial Security:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Financial Security Assurance Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">350 Park Avenue</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">New York, NY 10022</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Attention: Senior Vice President &#151; Transaction Oversight</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Department (with a copy to the attention of the General Counsel)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Re: AmeriCredit Automobile Receivables Trust 2004-D-F</TD>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Policy No.&nbsp;51589-N</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confirmation:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 826-0100</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telecopy Nos.:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 339-3518,</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(212) 339-3529</TD>
</TR>

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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">If to the Seller:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AFS Funding Trust</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">c/o Deutsche Bank Trust Company Delaware</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(f/k/a Bankers Trust (Delaware))</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">E.A. Delle Donne Corporate Center</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Montgomery Building</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1011 Centre Road</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Wilmington, DE 19805-1266</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Corporate Trust Administration</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confirmation: (302)&nbsp;636-3305</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With a copy to:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">AmeriCredit Financial Services, Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Administrator of AFS Funding Trust</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">801 Cherry Street, Suite&nbsp;3900</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fort Worth, TX 76102</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attn: Chief Financial Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Confirmation: (817)&nbsp;302-7000</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telecopy No.: (817)&nbsp;302-7942</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">If to the Underwriters:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Credit Suisse First Boston LLC, as Representative</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">11 Madison Avenue,</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York, New York 10010</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attention: Asset Finance</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telecopy No.: (212)&nbsp;797-2030</TD>
</TR>

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</TABLE>
</DIV>




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH, AND THIS AGREEMENT AND ALL MATTERS ARISING OUT OF OR RELATING IN
ANY WAY TO THIS AGREEMENT SHALL BE GOVERNED BY, THE LAW OF THE STATE OF
NEW YORK.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Assignments. This Agreement may not be assigned by any party
without the express written consent of each other party. Any assignment
made in violation of this Agreement shall be null and void.


<P align="center" style="font-size: 10pt">9
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Amendments. Amendments of this Agreement shall be in writing
signed by each party hereto.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Survival, Etc. The indemnity and contribution agreements
contained in this Agreement shall remain operative and in full force and
effect, regardless of (i)&nbsp;any investigation made by or on behalf of any
Indemnifying Party, (ii)&nbsp;the issuance of the Securities or (iii)&nbsp;any
termination of this Agreement or the Policy. The indemnification
provided in this Agreement will be in addition to any liability which the
parties may otherwise have and shall in no way limit any obligations of
the Seller under the Underwriting Agreement or the Insurance Agreement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Counterparts. This Agreement may be executed in counterparts by
the parties hereto, and all such counterparts shall constitute one and
the same instrument.


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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have caused this Indemnification
Agreement to be duly executed and delivered as of the date first above written.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">FINANCIAL SECURITY ASSURANCE INC.</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Ravi Gandhi<BR>
<HR size="1" noshade>
Name: Ravi Gandhi<BR>
Title: Authorized Officer</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">AFS FUNDING TRUST</TD>
</TR>

<TR valign="bottom">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">By: AmeriCredit Financial Services, Inc., as Administrator</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ J. Michael May<BR>
<HR size="1" noshade>
Name: J. Michael May<BR>
Title: Senior Vice President</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CREDIT SUISSE FIRST BOSTON LLC</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ John McWilliams<BR>
<HR size="1" noshade>
Name: John McWilliams<BR>
Title: Managing Director</TD>
</TR>

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</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&#091;INDEMNITY AGREEMENT SIG. PAGE&#093;



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt">EXHIBIT A



<P align="center" style="font-size: 10pt">OPINION OF ASSOCIATE GENERAL COUNSEL



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based upon the foregoing, I am of the opinion that:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Financial Security is a stock insurance company duly organized, validly
existing and authorized to transact financial guaranty insurance business under
the laws of the State of New York.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;The Policy and the Financial Security Agreements have been duly
authorized, executed and delivered by Financial Security.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;The Policy and the Financial Security Agreements constitute valid and
binding obligations of Financial Security, enforceable against Financial
Security in accordance with their terms, subject, as to the enforcement of
remedies, to bankruptcy, insolvency, reorganization, rehabilitation, moratorium
and other similar laws affecting the enforceability of creditors&#146; rights
generally applicable in the event of the bankruptcy or insolvency of Financial
Security and to the application of general principles of equity and subject, in
the case of the Indemnification Agreement, to principles of public policy
limiting the right to enforce the indemnification provisions contained therein
insofar as they relate to indemnification for liabilities arising under
applicable securities laws.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The Policy is exempt from registration under the Securities Act of
1933, as amended (the &#147;Act&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Neither the execution or delivery by Financial Security of the Policy
or the Financial Security Agreements, nor the performance by Financial Security
of its obligations thereunder, will conflict with any provision of the
certificate of incorporation or the bylaws of Financial Security or violate any
law or regulation, which violation would impair the binding effect or
enforceability of the Policy or any of the Agreements or, to the best of my
knowledge, result in a breach of, or constitute a default under, any agreement
or other instrument to which Financial Security is a party or by which it or
any of its property is bound or, to the best of my knowledge, violate any
judgment, order or decree applicable to Financial Security of any governmental
or regulatory body, administrative agency, court or arbitrator having
jurisdiction over Financial Security (except that in the published opinion of
the Securities and Exchange Commission the indemnification provisions of the
Indemnification Agreement, insofar as they relate to indemnification for
liabilities arising under the Act, are against public policy as expressed in
the Act and are therefore unenforceable).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, please be advised that I have reviewed the description of
Financial Security under the caption &#147;The Insurer&#148; in the Prospectus (the
&#147;Offering Document&#148;) of the Seller with respect to the Securities. The
information provided in the Offering Document with respect to Financial
Security is limited and does not purport to provide the scope of disclosure
required to be included in a prospectus with respect to a registrant under the
Act in connection with the public offer and sale of securities of such
registrant. Within such limited scope of disclosure,


<P align="center" style="font-size: 10pt">A-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;however, there has not come to my attention any information which would
cause me to believe that the description of Financial Security referred to
above, as of the date of the Offering Document or as of the date of this
opinion, contained or contains any untrue statement of a material fact or
omitted or omits to state a material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not
misleading (except that I express no opinion with respect to any financial
statements or other financial information contained or referred to therein).



<P align="center" style="font-size: 10pt">A-2
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