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FIRSTPLUS Financial Announces Sponsorship of Elliott/Marino 1998 NASCAR Winston Cup Effort

18 November 1997

Bill Elliott and Dan Marino to Join Forces For 1998 NASCAR Winston Cup Season

             FIRSTPLUS FINANCIAL, Inc. Primary Sponsor of New Car

    ATLANTA, Nov. 18 -- NFL All-Pro quarterback Dan Marino has
entered into an agreement with NASCAR veteran Bill Elliott to jointly own the
second car on the Elliott team for the 1998 NASCAR Winston Cup season.  Under
the ownership of Elliott-Marino Motorsports, the new entry will make its'
debut at the Daytona International Speedway on February 15.  Jerry Nadeau will
be the driver of the Elliott-Marino car.
    FIRSTPLUS FINANCIAL, Inc. , the Dallas-based specialized
consumer finance company, will be the primary sponsor of the #13 Ford Taurus,
Marino's uniform number throughout his Miami Dolphin career.  The new team
will continue FIRSTPLUS' interest in motorsports which began a year ago with
the company's sponsorship of a team in the Indy Racing League and associate
sponsorship of the Cartoon Network car.  FIRSTPLUS was attracted to NASCAR
racing because of its rapid growth in popularity and the opportunity to
partner with Marino and Elliott.
    "From a business standpoint, NASCAR offers us the opportunity to be part
of one of the fastest growing sports in the world today.  That fact, along
with the opportunity to partner with two legends in sports -- Dan Marino and
Bill Elliott -- make it a great opportunity for FIRSTPLUS,"  said FIRSTPLUS
Chairman and CEO Dan Phillips.
    "Last year, more than 148 million people watched Winston Cup races on
television and another 5.6 million watched the races in person.  We feel that
the brand loyalty demonstrated by these fans and our special variety of home
improvement and debt consolidation products will be a great fit," added
    This is not the first opportunity  for FIRSTPLUS to partner with Marino.
Marino has served as the national spokesperson for FIRSTPLUS in all its
television advertising for more than a year and is featured in the company's
direct mail and marketing efforts.  Marino also serves as chairman of
FIRSTPLUS Sports Marketing, which supports FIRSTPLUS sales efforts through a
variety of sports-related marketing venues.
    "I've been a fan of NASCAR for a long time and wanted to get involved in
the sport at a very high level," said Marino.  "The opportunity to join with
Bill Elliott, one of the superstars of the sport, while at the same time
helping FIRSTPLUS increase its name awareness and meet its financial goals, is
the perfect combination of business and pleasure for me."
    "Dan and I became friends over the past several months and as that
friendship grew, our mutual interest for a joint effort in racing emerged,"
said Elliott.  "This is an exciting opportunity for our team in Dawsonville
(Ga.), to work with Dan and FIRSTPLUS FINANCIAL and build a successful
program.  We're looking forward to working with Dan Phillips and the entire
FIRSTPLUS family as they grow their business through motorsports.
    "Dan Marino is a leader in the NFL, having rewritten the record book as a
quarterback,"  Elliott added.  "FIRSTPLUS is a leader in consumer lending
throughout the U.S.  Partnered with this kind of leadership and ability, we
think this program will grow to be a leader on the racetrack."
    Dan Marino has become a staple in American sports culture during his 15
seasons in the National Football League.  He has managed to re-write the NFL
record book by establishing 20 records and positioning himself as the all-time
leading passer in NFL history.
    His accomplishments to date include (through the 1996 season):  NFL's all-
time leader in touchdown passes (369), total yards passing (51,636), pass
attempts (6,904) and pass completions (4,134).  Now in his 15th consecutive
season with the Miami Dolphins, Marino will continue his quest for his
ultimate professional goal;  a Super Bowl championship.
    With more than 20 years of NASCAR Winston Cup competition  experience,
Bill Elliott has accumulated 40 career victories, a Winston Cup Championship
(1988) and was the first driver in NASCAR history to win the Winston Million,
a $1 million bonus from R. J. Reynolds for winning three of the "Big Four"
races in 1985;  the Daytona 500, the Winston 500 at Talladega (Ala.) and the
Southern 500 at Darlington, S.C.  In 1996, Elliott was voted NASCAR's "Most
Popular Driver" for a record 11th time in a poll conducted by the National
Motorsports Press Association (NMPA).  This placed Elliott in an individual
category as the most popular driver in the history of the sport.
    Jerry Nadeau, 27, brings to Elliott-Marino Motorsports valuable experience
in road racing and open-wheel competition.  Out of a total of 57 starts in
these divisions, he has collected 16 wins, 21 top-five finishes and seven pole
positions.  With only nine NASCAR Busch Grand National series starts, Nadeau
was elevated to compete in five races in NASCAR's premier division, the
Winston Cup series.
    FIRSTPLUS FINANCIAL is a specialized consumer finance company that,
through its subsidiaries, originates, purchases, services and securitizes
consumer finance receivables, primarily home improvement and debt
consolidation loans, all secured by liens on the borrower's home.  FIRSTPLUS,
headquartered in Dallas, has regional offices in Denver, Colorado;  Holly
Springs, Mississippi;  Columbus, Ohio;  Columbia, South Carolina;  Mission
Viejo, California;  Salt Lake City, Utah and a network of origination branches

SOURCE  FIRSTPLUS Financial Group, Inc.