Exhibit 99.1

                                                             Contact: Brock Hill
                                                                  (626) 535-1932


                       COAST LITIGATION TRUST ANNOUNCES
           ORDER GRANTING MOTION TO CERTIFY FOR INTERLOCUTORY APPEAL

          PASADENA, California, February 7, 2001 - The Coast Federal Litigation
Contingent Payment Rights Trust (the "Trust") (NASDAQ:CCPRZ) announced today
that, in connection with Coast Federal Bank, Federal Savings Bank ("Coast
Federal") v. The United States (Civil Action No. 92-466C (the "Litigation") in
the United States Court of Federal Claims (the "Claims Court")), by order dated
February 6, 2001, Judge Hewitt of the Claims Court granted Coast Federal's
motion, filed on January 17, 2001, to certify for interlocutory appeal (the
"Appeal") Judge Hewitt's December 28, 2000, decision granting partial summary
judgement to the government as to the duration of Coast Federal's capital
credit. Judge Hewitt's order also stayed all proceedings in the Litigation in
the Claims Court.

          Coast Federal must file a petition with the United States Court of
Appeals for the Federal Circuit (the "Court of Appeals") to hear the Appeal
within 10 days, as such time period is defined in applicable statutes and the
rules of the Court of Appeals, of Judge Hewitt's order, and the government will
then have the opportunity to oppose such petition. If the Court of Appeals
grants the petition, the Litigation will proceed before the Court of Appeals
until the Appeal's resolution. If the Court of Appeals denies the petition, the
Litigation will return to the Claims Court and will proceed toward trial on the
issue of damages.

          The Trust, established as part of the transaction pursuant to which
Coast Savings Financial, Inc. ("Coast Savings"), merged with and into H.F.
Ahmanson & Co., holds Ahmanson's or its successor's commitment to pay the Trust
the net after-tax proceeds, if any, received by Coast Federal, or its successor,
in the Litigation. Certificates representing undivided interests in the assets
of the Trust, and therefore interests in Ahmanson's commitment, were publicly
issued by the Trust to the holders of Coast Savings' common stock immediately
prior to the effectiveness of Coast Savings' merger with Ahmanson on February
13, 1998. The certificates trade on The NASDAQ National Market under the symbol
CCPRZ.##