Contact:     Chancellor  Corporation
          (617)  368-2700
          information@chancellorcorp.com
          http://www.chancellorcorp.com

FOR  IMMEDIATE  RELEASE

            CHANCELLOR ACQUIRES INTEREST IN AFINTA MOTOR CORPORATION

NOVEMBER  17,  1999.  BOSTON,  MA.  Chancellor Corporation (OTC: CHLR) announces
today  that  it  has  made an investment in Afinta Motor Corporation (Pty.) Ltd.
("AMC").  AMC  is  the  one  of  the  largest  manufacturers/assemblers of light
commercial  vehicles  including trucks, tractor trailers, buses, automobiles and
sport  utility  vehicles  in  the  Republic  of South Africa.  In addition to an
approximate  15% equity stake in AMC, Chancellor has also acquired the exclusive
worldwide  distribution  rights  for  AMC's products outside of Africa, England,
Scotland  and  Wales.  Chancellor  will  also  receive  a seat on AMC's board of
directors.  Terms  of  the  investment  were  not  disclosed.

As  a  result  of  this  investment, Chancellor will benefit from increasing its
exposure  into  a  key  high growth international market.  AMC will also benefit
from  Chancellor's  more than two decades of equipment financing and remarketing
experience.  Chancellor  will  provide  advisory services to AMC and its captive
finance  subsidiary  Afinta  Financial  Services,  especially  with  respect  to
structuring  vehicle  financing packages and developing the secondary market for
transportation  equipment.

Chancellor  Chairman  and  CEO,  Brian  M.  Adley,  commented  on  the Company's
investment  in  AMC: "We view this investment as an important step in developing
an  international  presence  in our key target markets.  Chancellor shareholders
will  benefit  substantially from the Company's investment in AMC and the access
to  new  markets  and opportunities that this investment is anticipated provide.
The  South  African  market  is  a  high  growth  area  and  we believe that our
investment in AMC will enable us to further capitalize on the significant market
opportunities  overseas.

"Chancellor  recently  reported  substantial  growth  in  its  operating results
through  the  nine  months  ended  September  30, 1999," Adley continued.  "As a
result  of  our  continued  growth,  the  management  is seeking to maximize the
Company's  growth  opportunities,  which  are  expected  to  contribute  to  its
continued  growth.  After much research and analysis over the past two years, we
have  decided  that  this  investment made the most sense to capitalize on these
opportunities while preserving our focus on continuing the exponential growth we
have  been  experiencing  in  our  domestic  market.  We  also  believe that the
acquisition  of the worldwide distribution rights will make it possible to bring
AMC's vehicles to the US and other countries, providing the Company with another
potential  revenue  stream."

Chancellor  has  been  investigating  opportunities  in South Africa as early as
August  1997  as  part  of its long-term growth strategy.  The Company is making
this investment in AMC with a number of large institutional investment firms led
by  a $120 million OPIC backed investment fund that include SunAmerica, Citibank
and  Northwestern  Mutual  Life  as  some  of  its limited partners.  Aside from
Chancellor's investment into AMC, this fund has committed over $10,000,000.00 of
capital  to  fund  the  future  growth  of  AMC.



About  Chancellor  Corporation

Chancellor  Corporation is spearheading an evolution in transportation equipment
finance through innovative financing and fleet management programs.  The Company
seeks  to  reduce  a  customer's total holding cost through its "Wholesale-Plus"
lease  pricing  strategy and through other value-added services, including asset
management,  equipment  maintenance,  fuel  management  and  data  management
strategies.  Since  its  founding  in  1977, Chancellor has completed a total of
approximately  $1.5  billion in equipment lease transactions for its Fortune 500
and  middle  market  customers  in  the  U.S.  and select international markets.
Chancellor  is a transportation equipment finance and fleet management solutions
provider  headquartered  in  Boston.  The  Company's  Internet  address  is
http://www.chancellorcorp.com.  The  Company is publicly traded under the symbol
"CHLR".

"Safe  Harbor"  Statement  under the Private Securities Litigation Reform Act of
1995:

The  statements  contained in this release which are not historical facts may be
deemed  to  contain  forward-looking  statements  with  respect  to  events, the
occurrence  of  which  involve  risks  and  uncertainties,  including,  without
limitation,  demand  and  competition for the Company's lease financing services
and  the products to be leased by the Company, the continued availability to the
Company  of  adequate  financing  the  ability  of  the  Company  to recover its
investment  in  equipment through remarketing, and other risks and uncertainties
detailed  in  the  Company's  Securities  and  Exchange  Commission  filings.

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