<SUBMISSION>
<ACCESSION-NUMBER>0000849116-01-500004
<TYPE>10-Q
<PUBLIC-DOCUMENT-COUNT>5
<PERIOD>20010331
<FILING-DATE>20010515
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ACE CASH EXPRESS INC/TX
<CIK>0000849116
<ASSIGNED-SIC>6099
<IRS-NUMBER>752142963
<STATE-OF-INCORPORATION>TX
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-Q
<ACT>34
<FILE-NUMBER>000-20774
<FILM-NUMBER>1634406
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1231 GREENWAY DR STE 800
<CITY>IRVING
<STATE>TX
<ZIP>75038
<PHONE>2145505000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1231 GREENWAY DR #800
<CITY>IRVING
<STATE>TX
<ZIP>75038
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>final10q3q.htm
<DESCRIPTION>ACE CASH EXPRESS, INC.
<TEXT>

<HTML>
<HEAD>
<TITLE> ACE Cash Express, Inc. 10-Q
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<BODY>



<table width=100% cellspacing=1 cellpadding=1 border=0>
<tr><td align=center colspan=2><font size=2><B> UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION</b><BR>
Washington, D.C. 20549</font><BR>
<hr width=25% size=1 noshade>

<BR><font size=2><b>FORM 10-Q</B><BR></font><BR></td></tr>
<tr><td align=left><font size=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)</b></font> </td></tr>
<tr><td align=left><font size=2><B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OF THE SECURITIES EXCHANGE ACT OF 1934</b></font></td></tr>
<tr><td align=left><font size=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the quarterly period ended March 31, 2001</b></font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td align=center><font size=2><B>OR</B></font></td></tr>
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<tr><td></td></tr>
<tr><td align=left><font size=2><b> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)</b></font> </td></tr>
<tr><td align=left><font size=2><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OF THE SECURITIES EXCHANGE ACT OF 1934</b></font> </td></tr>
<tr><td align=left><font size=2><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For the transition period from ___to___</b></font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td colspan=2 align=center><font size=2><b>Commission File Number 0-20774</b></font></td></tr>
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<tr><td></td></tr>
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<tr><td></td></tr>
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<tr><td colspan=2 align=center><font size=4><b> ACE CASH EXPRESS, INC.</b></font><BR><BR>

<font size=2> (Exact name of registrant as specified in its charter)</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>

<tr><td><font size=2><B> TEXAS </B></font></td> <td align=right><font size=2> <B>75-2142963</B></font></td></tr>
<tr><td><font size=1>(State or other jurisdiction of incorporation or organization)</font></td><td align=right> <font size=1>(IRS Employer Identification No.)</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
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<tr><td></td></tr>


<tr><td align=center colspan=2><font size=2><B>1231 GREENWAY DRIVE, SUITE 800<BR>
IRVING, TEXAS 75038</B></font><BR>
<font size=1>(Address of principal executive offices)<BR><BR></font></td></tr>

<tr><td align=center colspan=2><font size=2><B>(972) 550-5000</B></font><BR>
<font size=1> (Registrant's telephone number, including area code)</font><BR><BR>


<font size=2><B>NONE</B></font><BR>

<font size=1> (Former name,former address and former fiscal year,<BR>
if changed since last report)</font><BR><BR><BR><BR></td></tr>


<tr><td colspan=2><font size=2>Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.<BR><BR>

Yes <u> X </U>&nbsp;&nbsp;&nbsp;&nbsp; No <U>&nbsp;&nbsp;&nbsp;&nbsp;</U><BR><BR>


Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.</font> </td></tr>

<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Class</U></font></td><td align=left><font size=2><U>Outstanding as of May 4, 2001</U></font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock</font></td><td align=left><font size=2>10,038,220 shares</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
</TABLE>
<PAGE>

<table width=100% cellpadding=1 cellspacing=1 border=0>
<tr><th colspan=3 align=center> ACE CASH EXPRESS, INC.</th></tr>
<tr><td colspan=3></td></tr>
<tr><td colspan=3></td></tr>
<tr><td colspan=3></td></tr><tr><td colspan=3></td></tr>
<tr><td colspan=3></td></tr>
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<tr><td colspan=3></td></tr>
<tr><th width=15% align=left><B>PART I.</B></th> <th width=70% align=left> <B>FINANCIAL INFORMATION </B> </th><th width=15%> Page No.</th></tr>
<tr><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td></tr>
<tr><td><font size=2>Item 1.</font></td><td><font size=2> Interim Unaudited Consolidated Financial Statements:</font></td><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td><td><font size=2><A HREF="#toc1"> Consolidated Balance Sheets as of</a></font></td> <td></td></tr>
<tr><td></td><td><font size=2> March 31, 2001 and June 30, 2000 </font></td> <td align=center><font size=2> 3 </font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td><td><font size=2> <A HREF="#toc2">Interim Unaudited Consolidated Statements of Earnings for the</a></font></td> <td></td></tr>
<tr><td></td><td><font size=2> Three and Nine Months Ended March 31, 2001 and 2000 </font></td><td align=center><font size=2> 4</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td><td><font size=2> <A HREF="#toc3">Interim Unaudited Consolidated Statements of Cash Flows</a></font></td> <td></td></tr>
<tr><td></td><td><font size=2> for the Nine Months Ended March 31, 2001 and 2000 </font></td><td align=center><font size=2> 5</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td><td><font size=2> <A HREF="#toc4">Notes to Interim Unaudited Consolidated Financial Statements</A></font></td><td align=center><font size=2> 6</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td><font size=2>Item 2.</font></td><td><font size=2><A HREF="#toc5">Management's Discussion and Analysis of Financial Condition</A></font></td><td></td></tr>
<tr><td></td><td><font size=2>and Results of Operations</font></td><td align=center><font size=2>13</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td></td></tr>
<tr><td><font size=2>Item 3.</font></td><td><font size=2> <A HREF="#toc6">Quantitative and Qualitative Disclosures About Market Risk</A></font></td><td align=center><font size=2> 20</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td></td></tr>
<tr><td></td></tr>
<tr><td><font size=2><B>PART II.</B></font></td><td><font size=2> <B>OTHER INFORMATION</B></font></td><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td><font size=2>Item 1.</font></td><td><font size=2><A HREF="#toc7"> Legal Proceedings</A></font></td><td align=center><font size=2>21</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td></td></tr>
<tr><td><font size=2>Item 2.</font></td><td><font size=2> <A HREF="#toc8">Changes in Securities</A></font></td><td align=center><font size=2> 22</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td></td></tr>
<tr><td><font size=2>Item 3.</font></td><td><font size=2> <A HREF="#toc9">Defaults Upon Senior Securities</A></font></td><td align=center><font size=2> 22</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td></td></tr>
<tr><td><font size=2> Item 4.</font></td><td><font size=2> <A HREF="#toc10">Submission of Matters to a Vote of Security Holders</A></font></td><td align=center><font size=2> 22</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td></td></tr>
<tr><td><font size=2> Item 5. </font></td><td><font size=2> <A HREF="#toc11">Other Information</A> </font></td><td align=center><font size=2> 22</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr><tr><td></td></tr>
<tr><td><font size=2>Item 6.</font></td><td><font size=2> <A HREF="#toc12">Exhibits and Reports on Form 8-K</A> </font></td><td align=center><font size=2>22</font></td></tr>
</TABLE>
<PAGE>



<p align=center><font size=2><b> PART I. FINANCIAL INFORMATION </b></font></p>
<p><font size=2> <b> ITEM 1. INTERIM UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS</b></font></p>
<p align=center><font size=1><b> <A NAME="toc1">ACE CASH EXPRESS, INC. AND SUBSIDIARIES<BR>
CONSOLIDATED BALANCE SHEETS</A></b><BR>
(in thousands, except share and per share amounts)</font></p>

<table width=100% cellpadding=1 cellspacing=1 border=0>
<tr><th width=60%></th><th width=5%></th><th width=15%></th><th width=15%></tr>
<tr><td></td><td></td><td align=center><font size=1><b>March 31,</b></font></td><td align=center><font size=1><b> June 30,</b></font></td></tr>
<tr><td></td><td></td><td align=center><font size=1><b>&nbsp;&nbsp;&nbsp;&nbsp;2001&nbsp;&nbsp;&nbsp;&nbsp;</b></font></td><td align=center><font size=1><b> &nbsp;&nbsp;&nbsp;&nbsp;2000&nbsp;&nbsp;&nbsp;&nbsp;</b></font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td></td><td></td><td align=center><font size=1>(unaudited)</font></td><td></td></tr>
<tr><td><font size=1><B>ASSETS</B></font></td><td></td><td></td><td></td></tr>
<tr><td><font size=1>Current Assets</font></td><td></td><td></td><td></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents</font></td><td></td><td align=right><font size=1> $ 158,312 </font></td><td align=right><font size=1>$ 105,577</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net </font></td><td></td><td align=right><font size=1>4,060 </font></td><td align=right><font size=1>5,985</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net </font></td><td></td><td align=right><font size=1>14,331 </font></td><td align=right><font size=1>18,695</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets</font></td><td></td><td align=right><font size=1>2,272 </font></td><td align=right><font size=1>2,069</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories</font></td><td></td><td align=right><font size=1> 1,261</font></td><td align=right><font size=1> 1,418</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td><font size=1>Total Current Assets </font></td><td></td><td align=right><font size=1>180,236 </font></td><td align=right><font size=1>133,744</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td><font size=1>Noncurrent Assets</font></td><td></td><td></td><td></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment, net</font></td><td></td><td align=right><font size=1> 38,013</font></td><td align=right><font size=1> 36,915</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenants not to compete, net</font></td><td></td><td align=right><font size=1> 2,178 </font></td><td align=right><font size=1>1,429</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess of purchase price over fair value of assets acquired, net </font></td><td></td><td align=right><font size=1>76,521 </font></td><td align=right><font size=1>45,929</font></td></tr>

<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets </font></td><td></td><td align=right><font size=1>3,816</font></td><td align=right><font size=1> 3,406</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td><font size=1>Total Assets</font></td><td></td><td align=right><font size=1> $ 300,764 </font></td><td align=right><font size=1>$ 221,423</font></td></tr>
<tr><td></td><td></td><td><hr size=2.5 noshade></td><td><hr size=2.5 noshade></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>

<tr><td><font size=1><B>LIABILITIES AND SHAREHOLDERS' EQUITY</B></font></td></tr>
<tr><td><font size=1>Current Liabilities</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revolving advances</font></td><td></td><td align=right><font size=1> $ 118,500</font></td><td align=right><font size=1> $ 95,000</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable, accrued liabilities, and other current liabilities </font></td><td></td><td align=right><font size=1>35,069</font></td><td align=right><font size=1> 21,242</font></td>
</tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money order principal payable</font></td><td></td><td align=right><font size=1> 18,962</font></td><td align=right><font size=1> 10,487</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current portion of senior secured notes payable </font></td><td></td><td align=right><font size=1>4,406 </font></td><td align=right><font size=1>4,180</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reducing revolving line-of-credit/term advances</font></td><td></td><td align=right><font size=1> - </font></td><td align=right><font size=1>3,469</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable </font></td><td></td><td align=right><font size=1>770 </font></td><td align=right><font size=1>898</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td><font size=1>Total Current Liabilities </font></td><td></td><td align=right><font size=1>177,707 </font></td><td align=right><font size=1>135,276</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td><font size=1>Noncurrent Liabilities</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior secured notes payable </font></td><td></td><td align=right><font size=1>8,000</font></td><td align=right><font size=1> 12,000</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reducing revolving line-of-credit/term advances </font></td><td></td><td align=right><font size=1>56,000 </font></td><td align=right><font size=1> 15,031</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable </font></td><td></td><td align=right><font size=1>703</font></td><td align=right><font size=1> 438</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities</font></td><td></td><td align=right><font size=1> 5,967 </font></td><td align=right><font size=1> 3,519</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td><font size=1>Total Liabilities </font></td><td></td><td align=right><font size=1>248,377 </font></td><td align=right><font size=1> 166,264</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td><font size=1>Commitments and Contingencies</font></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td></td><td></td><td></td><td></td></tr>
<tr><td><font size=1>Shareholders' Equity</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $1 par value, 1,000,000 shares authorized, none</font></td><td></td><td></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issued and outstanding </font></td><td></td><td align=right><font size=1>-</font></td><td align=right><font size=1>-</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, $.01 par value, 20,000,000 shares authorized,</font></td><td></td><td></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,033,220 and 9,984,563 shares issued and outstanding, respectively </font></td><td></td><td align=right><font size=1>100 </font></td><td align=right><font size=1>100</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital</font></td><td></td><td align=right><font size=1> 23,092</font></td><td align=right><font size=1> 22,715</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings</font></td><td></td><td align=right><font size=1> 33,973</font></td><td align=right><font size=1> 34,745</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss</font></td><td></td><td align=right><font size=1> (2,071)</font></td><td align=right><font size=1> -</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock, at cost, 211,400 and 181,400 shares, respectively </font></td><td></td><td align=right><font size=1>(2,707)</font></td><td align=right><font size=1> (2,401)</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td><font size=1>Total Shareholders' Equity </font></td><td></td><td align=right><font size=1>52,387 </font></td><td align=right><font size=1>55,159</font></td></tr>
<tr><td></td><td></td><td> <hr size=1 noshade></td><td> <hr size=1 noshade></td></tr>
<tr><td><font size=1>Total Liabilities and Shareholders' Equity </font></td><td></td><td align=right><font size=1>$ 300,764 </font></td><td align=right><font size=1>$ 221,423</font></td></tr>
<tr><td></td><td></td><td> <hr size=2.5 noshade></td><td><hr size=2.5 noshade></td></tr>
</TABLE>
<p align=center><font size=1>See notes to the interim consolidated financial statements.</font></p>
<PAGE>



<p align=center><font size=1><b> <A NAME="toc2">ACE CASH EXPRESS, INC. AND SUBSIDIARIES<BR>
INTERIM UNAUDITED<BR>
CONSOLIDATED STATEMENTS OF EARNINGS</A><BR></b>
(in thousands, except share and per share amounts)</font></p>

<TABLE width=100% cellspacing=1 cellpadding=1 border=0>
<tr><th width=45%></th><th width=4%></th><th width=25% colspan=2><font size=1> Three Months Ended </font></th><th width=25% colspan=2><font size=1> Nine Months Ended</font></th></tr>
<tr><th width=45%></th><th width=4%></th><th colspan=2><font size=1> March 31, </font></th><th width=25% colspan=2><font size=1> March 31,</font></th></tr>
<tr><td></td><td align=right></td><td colspan=2><hr size=1 noshade></td> <td colspan=2><hr size=1 noshade></td> </tr>
<tr><th width=45%></th><th width=4%></th><th width=12%><font size=1>2001</font></th><th width=12%><font size=1>2000</font></th><th width=12%><font size=1>2001</font></th><th width=12%><font size=1>2000</font></th></tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1> Revenues </font></td><td align=right></td><td align=right><font size=1> $ 60,193</font></td><td align=right><font size=1> $ 41,337 </font></td><td align=right><font size=1> $ 145,531 </font></td><td align=right><font size=1> $ 104,209
</font></td></tr>
<tr><td><font size=1> Store expenses:</font></td><td align=right></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Salaries and benefits </font></td><td align=right></td><td align=right><font size=1> 15,129 </font></td><td align=right><font size=1> 10,154 </font></td><td align=right><font size=1> 37,830 </font></td><td
align=right><font size=1> 27,506</font></td> </tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Occupancy </font></td><td align=right></td><td align=right><font size=1> 7,143</font></td><td align=right><font size=1> 5,401 </font></td><td align=right><font size=1> 19,709 </font></td><td align=right>
<font size=1> 15,751</font></td> </tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Depreciation </font></td><td align=right></td><td align=right><font size=1> 1,720 </font></td><td align=right><font size=1> 1,419 </font></td><td align=right><font size=1> 4,958 </font></td><td align=right>
<font size=1> 3,937</font></td> </tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Other </font></td><td align=right></td><td align=right><font size=1> 21,972</font></td><td align=right><font size=1> 7,526 </font></td><td align=right><font size=1> 44,258 </font></td><td align=right><font
size=1>21,983 </font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1>Total store expenses </font></td><td align=right></td><td align=right><font size=1> 45,964</font></td><td align=right><font size=1> 24,500 </font></td><td align=right><font size=1> 106,755 </font></td><td align=right><font size=1>
69,177</font></td> </tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1> Store gross margin </font></td><td align=right></td><td align=right><font size=1> 14,229 </font></td><td align=right><font size=1> 16,837 </font></td><td align=right><font size=1> 38,776 </font></td><td align=right><font size=1> 35,03
2</font></td> </tr>
<tr><td><font size=1>Region expenses </font></td><td align=right></td><td align=right><font size=1> 3,755 </font></td><td align=right><font size=1> 2,777 </font></td><td align=right><font size=1> 10,220 </font></td><td align=right><font size=1> 7,781</font>
</td> </tr>
<tr><td><font size=1>Headquarters expenses </font></td><td align=right></td><td align=right><font size=1> 3,015</font></td><td align=right><font size=1> 2,364 </font></td><td align=right><font size=1> 7,778 </font></td><td align=right><font size=1> 6,021
</font></td> </tr>
<tr><td><font size=1>Franchise expenses </font></td><td align=right></td><td align=right><font size=1> 283 </font></td><td align=right><font size=1> 286 </font></td><td align=right><font size=1> 777 </font></td><td align=right><font size=1> 797</font></td>
 </tr>
<tr><td><font size=1>Other depreciation and amortization </font></td><td align=right></td><td align=right><font size=1> 1,464 </font></td><td align=right><font size=1> 952 </font></td><td align=right><font size=1> 3,653 </font></td><td align=right><font
size=1> 2,756</font></td> </tr>
<tr><td><font size=1>Interest expense, net </font></td><td align=right></td><td align=right><font size=1> 3,898 </font></td><td align=right><font size=1> 1,942 </font></td><td align=right><font size=1> 9,017 </font></td><td align=right><font size=1> 4,771
</font></td> </tr>
<tr><td><font size=1>Other expenses </font></td><td align=right></td><td align=right><font size=1> 8,740 </font></td><td align=right><font size=1> 0 </font></td><td align=right><font size=1> 8,618</font></td><td align=right><font size=1> 346</font></td>
</tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1> Income (loss) before income taxes and cumulative</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; effect of accounting change </font></td><td align=right></td><td align=right><font size=1> (6,926) </font></td><td align=right><font size=1> 8,516 </font></td><td align=right><font size=1> (1,287) </font></td>
<td align=right><font size=1> 12,560</font></td></tr>
<tr><td><font size=1> Income tax (benefit) expense </font></td><td align=right></td><td align=right><font size=1> (2,771) </font></td><td align=right><font size=1> 3,339 </font></td><td align=right><font size=1> (515) </font></td><td align=right><font
size=1> 4,956</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1> Income (loss) before cumulative effect of</font></td><td align=right></td><td align=right></td><td align=right></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; accounting change </font></td><td align=right></td><td align=right><font size=1> (4,155) </font></td><td align=right><font size=1> 5,177 </font></td><td align=right><font size=1> (772) </font></td><td
align=right><font size=1> 7,604</font></td></tr>
<tr><td><font size=1> Cumulative effect of accounting change, net of </font></td><td align=right></td><td align=right></td><td align=right></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; income tax benefit of $402 </font></td><td align=right></td><td align=right><font size=1> - </font></td><td align=right><font size=1> - </font></td><td align=right><font size=1> - </font></td><td align=right>
<font size=1> (603)</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1> Net income (loss) </font></td><td align=right></td><td align=right><font size=1> $ (4,155) </font></td><td align=right><font size=1> $ 5,177 </font></td><td align=right><font size=1> $ (772) </font></td><td align=right><font size=1>
$ 7,001</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td> </tr>
<tr><td><font size=1> Basic earnings (loss) per share:</font></td><td align=right></td><td align=right></td><td align=right></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Before cumulative effect of accounting change </font></td><td align=right></td><td align=right><font size=1> $ (0.41) </font></td><td align=right><font size=1> $ 0.51 </font></td><td align=right><font size=1>
$ (0.08) </font></td><td align=right><font size=1> $ 0.76</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Cumulative effect of accounting change </font></td><td align=right></td><td align=right><font size=1> - </font></td><td align=right><font size=1> - </font></td><td align=right><font size=1> - </font></td><td
align=right><font size=1> (.06)</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Basic earnings (loss) per share </font></td><td align=right></td><td align=right><font size=1> $ (0.41) </font></td><td align=right><font size=1> $ 0.51 </font></td><td align=right><font size=1> $ (0.08)
</font></td><td align=right><font size=1> $ 0.70</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td> </tr>
<tr><td><font size=1> Weighted average number of common shares </font></td><td align=right></td><td align=right></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; outstanding - basic EPS </font></td><td align=right></td><td align=right><font size=1> 10,031 </font></td><td align=right><font size=1> 10,085 </font></td><td align=right><font size=1> 10,002 </font></td><td
align=right><font size=1> 10,069</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td> </tr>

<tr><td><font size=1> Diluted earnings (loss) per share:</font></td><td align=right></td><td align=right></td><td align=right></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Before cumulative effect of accounting change </font></td><td align=right></td><td align=right><font size=1> $ (0.41) </font></td><td align=right><font size=1> $ 0.50 </font></td><td align=right><font size=1>
 $ (0.08) </font></td><td align=right><font size=1> $ 0.73</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Cumulative effect of accounting change </font></td><td align=right></td><td align=right><font size=1> - </font></td><td align=right><font size=1> - </font></td><td align=right><font size=1> - </font></td><td
align=right><font size=1> (.06)</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings (loss) per share </font></td><td align=right></td><td align=right><font size=1> $ (0.41) </font></td><td align=right><font size=1> $ 0.50 </font></td><td align=right><font size=1> $ (0.08)
</font></td><td align=right><font size=1> $ 0.67</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td> </tr>
<tr><td><font size=1> Weighted average number of common and</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; dilutive shares outstanding - diluted EPS </font></td><td align=right></td><td align=right><font size=1> 10,195 </font></td><td align=right><font size=1> 10,445 </font></td><td align=right><font size=1> 10,165
 </font></td><td align=right><font size=1> 10,378</font></td></tr>
<tr><td></td><td align=right></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td><td align=right><hr size=2.5 noshade></td> </tr>
</TABLE>
<p align=center><font size=1> See notes to the interim unaudited consolidated financial statements.</font></p>
<PAGE>

<p align=center><font size=1><b><A NAME="toc3"> ACE CASH EXPRESS, INC. AND SUBSIDIARIES<BR>
INTERIM UNAUDITED<BR>
CONSOLIDATED STATEMENTS OF CASH FLOWS</A></b><BR>
(in thousands)</font></p>
<table width=100% cellpadding=1 cellspacing=1 border=0>
<tr><th width=60%></th><th width=20%></th><th width=20%></th></tr>
<tr><th width=60%></th><th colspan=2><font size=1><B>Nine Months Ende</B>d</font></th></tr>
<tr><th width=60%></th><th colspan=2><font size=1><B>March 31,</B></font></th></tr>
<tr><th></th><th colspan=2><hr size=1 width=95% noshade></th><th></tr>
<tr><th></th><th><font size=1><B>2001</B></font></th><th><font size=1><B>2000</B></font></th></tr>
<tr><th></th><th><hr size=1 width=95% noshade></th><th><hr size=1 width=95% noshade></th></tr>

<tr><td><font size=1> Cash flows from operating activities:</font></td></tr>
<tr><td><font size=1> Net income (loss) </font></td> <td align=right><font size=1> $(772) </font></td> <td align=right><font size=1>$ 7,001</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; provided by operating activities:</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization </font></td> <td align=right><font size=1> 8,619</font></td> <td align=right><font size=1>6,693</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Loan loss provision </font></td> <td align=right><font size=1> 18,369 </font></td> <td align=right><font size=1> -</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Accelerated store closing accrual </font></td> <td align=right><font size=1> 8,648 </font></td> <td align=right><font size=1>-</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Cumulative effect of accounting change </font></td> <td align=right><font size=1> - </font></td> <td align=right><font size=1> 1,004</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Deferred revenue </font></td> <td align=right><font size=1> (2,819) </font></td> <td align=right><font size=1> (2,393)</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;Changes in assets and liabilities:</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable, net </font></td> <td align=right><font size=1> 1,580 </font></td> <td align=right><font size=1> (908)</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Loans receivable </font></td> <td align=right><font size=1>(14,005) </font></td> <td align=right><font size=1>153</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets </font></td> <td align=right><font size=1> (203)</font></td> <td align=right><font size=1> (747)</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Inventories </font></td> <td align=right><font size=1> 157</font></td> <td align=right><font size=1> 100</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Other assets </font></td> <td align=right><font size=1> (1,027) </font></td> <td align=right><font size=1> (553)</font></td></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and other liabilities </font></td> <td align=right><font size=1> 13,824 </font></td> <td align=right><font size=1> 5,720</font></td></tr>
<tr><th></th><th><hr size=1 width=95% noshade></th><th><hr size=1 width=95% noshade></th></tr>
<tr><td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by operating activities</font></td> <td align=right><font size=1>32,371 </font></td> <td align=right><font size=1> 16,070</font></td></tr>

<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>

<tr><td><font size=1> Cash flows from investing activities:</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;Purchases of property and equipment, net </font></td> <td align=right><font size=1>(9,461) </font></td> <td align=right><font size=1>(9,601)</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;Cost of net assets acquired </font></td> <td align=right><font size=1> (36,084) </font></td> <td align=right><font size=1> (7,143)</font></td></tr>
<tr><th></th><th><hr size=1 width=95% noshade></th><th><hr size=1 width=95% noshade></th></tr>
<tr> <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Net cash used by investing activities</font></td> <td align=right><font size=1> (45,545)</font></td> <td align=right><font size=1> (16,744)</font></td></tr>

<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>


<tr><td><font size=1> Cash flows from financing activities:</font></td></tr>
<tr> <td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp;Net increase in money order principal payable </font></td> <td align=right><font size=1> 8,475 </font></td> <td align=right><font size=1> 5,151</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;Net borrowings from revolving advances</font></td> <td align=right><font size=1> 23,500 </font></td> <td align=right><font size=1> 29,700</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Reducing revolving line-of-credit/term advances </font></td> <td align=right><font size=1> 37,500 </font></td> <td align=right><font size=1> 4,000</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Net borrowings of notes payable </font></td> <td align=right><font size=1>137 </font></td> <td align=right><font size=1> 837</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Net repayments of senior secured notes payable </font></td> <td align=right><font size=1> (3,774) </font></td> <td align=right><font size=1> (3,685)</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from stock options exercised </font></td> <td align=right><font size=1>377 </font></td> <td align=right><font size=1> 644</font></td></tr>
<tr> <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;Purchase of treasury stock </font></td> <td align=right><font size=1> (306) </font></td> <td align=right><font size=1> (797)</font></td></tr>
<tr><th></th><th><hr size=1 width=95% noshade></th><th><hr size=1 width=95% noshade></th></tr>
<tr> <td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities </font></td> <td align=right><font size=1>65,909 </font></td> <td align=right><font size=1> 35,850</font></td></tr>
<tr><th></th><th><hr size=1 width=95% noshade></th><th><hr size=1 width=95% noshade></th></tr>
<tr> <td><font size=1> Net increase in cash and cash equivalents </font></td> <td align=right><font size=1> 52,735 </font></td> <td align=right><font size=1>35,176</font></td></tr>
<tr> <td><font size=1> Cash and cash equivalents, beginning of period </font></td> <td align=right><font size=1> 105,577 </font></td> <td align=right><font size=1> 59,414</font></td></tr>
<tr><th></th><th><hr size=1 width=95% noshade></th><th><hr size=1 width=95% noshade></th></tr>
<tr> <td><font size=1> Cash and cash equivalents, end of period </font></td> <td align=right><font size=1>$158,312 </font></td> <td align=right><font size=1> $94,590</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>

<tr><th></th><th><hr size=2.5 width=95% noshade></th><th><hr size=2.5 width=95% noshade></th></tr>
<tr> <td><font size=1> Supplemental disclosures of cash flows information:</font></td> </tr>
<tr> <td><font size=1> &nbsp;&nbsp;&nbsp; Interest paid  </font></td> <td align=right><font size=1> $8,726 </font></td> <td align=right><font size=1> $ 5,128</font></td></tr>
<tr> <td><font size=1> &nbsp;&nbsp;&nbsp; Income taxes paid </font></td> <td align=right><font size=1>3,608 </font></td> <td align=right><font size=1> 1,708</font></td></tr>

</TABLE><BR><BR><BR>
<p align=center><font size=1> See notes to the interim unaudited consolidated financial statements.</font><p>


<PAGE>


<p align=center><font size=2><b>                                      ACE CASH EXPRESS, INC. AND SUBSIDIARIES<BR>
                          <A NAME="toc4"> NOTES TO INTERIM UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS</A></b></font></p>
<BR>

<ol>
<li><font size=2><b> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b><BR><BR>
<b>Basis of Presentation</b><BR>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    The accompanying  condensed unaudited interim  consolidated  financial  statements of Ace Cash Express,  Inc.
(the  "Company"  or "ACE") and its  subsidiaries  have been  prepared  in  accordance  with  accounting  principles
generally  accepted in the United States for interim  financial  information  and the rules and  regulations of the
Securities  and Exchange  Commission.  They do not include all  information  and  footnotes  required by accounting
principles  generally  accepted  in the United  States  for  complete  financial  statements.  Although  management
believes that the disclosure is adequate to prevent the information from being  misleading,  the interim  unaudited
consolidated  financial  statements should be read in conjunction with the Company's  audited financial  statements
in its Annual  Report on Form 10-K filed with the  Securities  and Exchange  Commission.  In the opinion of Company
management,   all  adjustments,   consisting  of  normal  recurring  accruals  considered   necessary  for  a  fair
presentation, have been included.<BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      Certain prior period accounts have been reclassified to conform to the current year's presentation.<BR><BR><BR>

<b>Earnings Per Share Disclosures</b><BR><BR>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number
of common shares outstanding.  Diluted earnings (loss) per share are computed by dividing net income (loss) by
the weighted average number of common shares outstanding, after adjusting for the dilutive effect of stock
options.  The following table presents the reconciliation of the numerator and denominator used in the
calculation of basic and diluted earnings per share, as required by Statement of Financial Accounting Standards
No. 128, "Earnings Per Share."</font>



<table width=90% cellspacing=1 cellpadding=1 border=0>
<tr><th width=45%></th><th width=25% colspan=2><font size=2> Three Months Ended </font></th><th width=25% colspan=2><font size=2> Nine Months Ended</font></th></tr>
<tr><th width=45%></th><th colspan=2><font size=2> March 31, </font></th><th width=25% colspan=2><font size=2> March 31,</font></th></tr>
<tr><th></th><th colspan=2><hr size=1 noshade></th> <th colspan=2><hr size=1 noshade></th> </tr>
<tr><th width=45%></th><th width=12%><font size=2>2001</font></th><th width=12%><font size=2>2000</font></th><th width=12%><font size=2>2001</font></th><th width=12%><font size=2>2000</font></th></tr>
<tr><td><font size=2></font></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td><td align=right><hr size=1 noshade></td> </tr>
<tr><td></td></tr>
<tr><th></th><th colspan=4 align=center><font size=1>(in thousands)</font></th></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr>
<td><font size=2> Net income (loss) (numerator)</font></td>
<td align=right><font size=2> ($4,155)     </font></td>
<td align=right><font size=2> $5,177    </font></td>
<td align=right><font size=2> ($772)    </font></td>
<td align=right><font size=2>  $7,001  </font></td> </tr>
<tr><td></td><td><hr size=2.5 noshade></td> <td><hr size=2.5 noshade></td> <td><hr size=2.5 noshade></td> <td><hr size=2.5 noshade></td> </tr>
<tr><td><font size=2>Reconciliation of denominator:</font></td></tr>
<tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;Weighted average number of common shares</font></td></tr>
<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;   &nbsp;&nbsp;outstanding - basic EPS    </font></td>
<td align=right><font size=2> 10,031          </font></td>
<td align=right><font size=2>10,085        </font></td>
<td align=right><font size=2>10,002        </font></td>
<td align=right><font size=2>10,069       </font></td> </tr>


<tr>
<td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp; Effect of dilutive stock options   </font></td>
  <td align=right><font size=2> 164              </font></td>
<td align=right><font size=2>360              </font></td>
<td align=right><font size=2> 163             </font></td>
<td align=right><font size=2> 309            </font></td> </tr>
<tr><td></td><td><hr size=1 noshade></td> <td><hr size=1 noshade></td> <td><hr size=1 noshade></td> <td><hr size=1 noshade></td> </tr>
<tr><td><font size=2>  &nbsp;&nbsp;&nbsp;&nbsp;Weighted average number of common and </font></td> </tr>
<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;     dilutive shares outstanding - diluted EPS  </font></td>             <td align=right><font size=2>10,195            </font></td>
<td align=right><font size=2>10,445         </font></td>
<td align=right><font size=2>10,165         </font></td>
<td align=right><font size=2>10,378        </font></td> </tr>
<tr><td></td><td><hr size=2.5 noshade></td> <td><hr size=2.5 noshade></td> <td><hr size=2.5 noshade></td> <td><hr size=2.5 noshade></td> </tr>
</TABLE>


<p><font size=2>
<b>Recently Issued Accounting Pronouncements</b><BR><BR>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;   As required,  the Company adopted a new accounting  standard,  AICPA Statement of Position 98-5,  "Reporting on
the Costs of Start-Up  Activities,"  in the first quarter ended  September  30, 1999.  This standard  requires that
previously  capitalized  start-up costs be recognized as a cumulative effect of change in accounting  principle and
expensed  fully in the quarter.  Start-up  costs,  net of tax, of $0.6 million were  expensed in the first  quarter
ended September 30, 1999.<BR><BR>

 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    As  required,  the Company  adopted  Statement of  Financial  Accounting  Standards  No. 133,  "Accounting  for
Derivative  Instruments  and Hedging  Activities"  in the first  quarter ended  September  30, 2000.  This standard
requires  the  Company  to  record  the fair  value of its  interest-rate  swaps  as an asset or  liability  in the
consolidated  balance sheet.  Changes in the fair value of the  interest-rate  swaps are reported as a component of
shareholders'  equity in the  consolidated  balance sheet. The fair value of the Company's  existing  interest-rate
swap was ($2.1) million as of  March 31, 2001.</font></p>
<PAGE>
<li><font size=2><b>DERIVATIVE INSTRUMENTS</B><BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       The  Company's  objective  in managing  its  exposure to  fluctuations  in interest  rates is to decrease the
volatility  of earnings and cash flows  associated  with  changes in the  applicable  rates and prices.  To achieve
this objective,  the Company primarily enters into agreements whose values change in the opposite  direction of the
anticipated cash flows.  Derivative  instruments related to forecasted  transactions are considered to hedge future
cash flows,  and the  effective  portion of any gains or losses are included in other  comprehensive  income (loss)
until earnings are affected by the  variability of cash flows.  Any remaining gain or loss is recognized  currently
in  earnings.  The cash flows of the  derivative  instruments  are  expected to be highly  effective  in  achieving
offsetting cash flows  attributable  to  fluctuations in the cash flows of the hedged risk. If it becomes  probable
that a forecasted  transaction  will no longer  occur,  the  derivative  will continue to be carried on the balance
sheet at fair  value,  and gains or losses  that were  accumulated  in other  comprehensive  income  (loss) will be
recognized  immediately  in earnings.  If the  derivative  instruments  are  terminated  prior to their  expiration
dates,  any  cumulative  gains and losses are  deferred and  recognized  in income over the  remaining  life of the
underlying  exposure.  If the hedged  assets or  liabilities  were to be sold or  extinguished,  the Company  would
recognize the gain or loss on the designated financial instruments currently in income.<BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      To reduce  its risk of greater  interest  expense  because of  floating-rate  interest  obligations  under its
secured credit facilities with a syndicate of bank lenders,  the Company has entered into three  interest-rate swap
agreements  with Bank of America and one  interest-rate  swap  agreement  with Wells Fargo Bank.  Those  agreements
effectively  converted  a portion of the  Company's  floating-rate  interest  obligations  to  fixed-rate  interest
obligations.  With respect to the revolving  line-of-credit  facility,  the first  notional  amount was $33 million
for a two-year  period that began January 4, 1999, the second  notional  amount was $10 million for a sixteen-month
period that began  September 3, 1999, and the third notional  amount was an average of $62 million from November 1,
2000  through  January 31, 2001,  increased to an average of $85 million from  February 1, 2001 to January 1, 2003.
With respect to the existing  reducing  revolving  facility (which  succeeded a term-loan  facility),  the notional
amount was $9.0  million  until  October 2, 2000,  and $8.5 million  thereafter  through  December  31,  2000.  The
notional amounts were determined based on the Company's  minimum  projected  borrowings  during calendar years 1999
through 2002. The fixed rate  applicable to the notional  amount of $33 million under the revolving  line-of-credit
facility was 5.14% for calendar  year 1999 and was 5.23% for calendar year 2000.  The fixed rate  applicable to the
notional  amount of $10 million  under the revolving  line-of-credit  facility was 6.00% for calendar year 1999 and
2000.  The fixed rate  applicable  to the average  notional  amount of $62 million and $85  million,  respectively,
under the revolving  line-of-credit  facility was 6.945% for the period from  November 1, 2000 through  January 31,
2001,  and is 6.045% for the period from  February 1, 2001 through  January 1, 2003.  The fixed rate  applicable to
the notional amount under the reducing  revolving (and former term-loan)  facility was 6.23% for calendar year 1999
and 6.38% for  calendar  year 2000.  As of March 31, 2001,  all swap  agreements  had expired,  except for one with
respect to the revolving  line-of-credit  facility with an average  notional  amount of $85 million;  that existing
swap had a fair value of ($2.1) million.  There was no  ineffectiveness  with respect to the three expired interest
rate swaps.<BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      The  associated  underlying  debt has exceeded the notional  amount for each swap  throughout the existence of
the swap and it is  anticipated  that it will  continue to do so.  These swaps were and are based on the same index
as, and repriced on a consistent basis with, their respective underlying debt.<BR><BR></font>

<li><font size=2><b>ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</B><BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;     As  required,  on July 1, 2000,  the Company  adopted  Statement of Financial  Accounting  Standards  No. 133,
"Accounting for Derivative  Instruments and Hedging Activities" resulting in a $648,000 credit to accumulated other
comprehensive  income for the cumulative effect of accounting change.  During the nine months ended March 31, 2001,
there were no gains or losses  recognized  in earnings for hedge  ineffectiveness  or due to excluding a portion of
the value from  measuring  effectiveness.  However,  the fair value of the  interest  rate swaps has  decreased  by
$2,719,000  for the nine months ended March 31, 2001 which has been  recorded to  accumulated  other  comprehensive
loss. </font><BR><BR>
<PAGE>
<font size=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        Other comprehensive income (loss) balances related to the interest rate swaps are as follows:</font>

<table width=90% cellpadding=1 cellspacing=1 border=0>

<tr><th width=30%></th><th width=20%></th><th width=15%></th><th width=15%></th><th width=15%></th></tr>
<tr><th width=30%></th><th width=20%></th><th width=15%></th><th width=15%></th><th width=15%><font size=2><B>Change in</B></font></th></tr>
<tr><th width=30%></th><th width=20%></th><th colspan=2><font size=2><B>Other Comprehensive </B> </font></th><th width=15%><font size=2> <B>Accumulated</B></font></th></tr>
<tr><th width=30%></th><th width=20%></th><th colspan=2><font size=2><B><U>Income (Loss) as of: </U> </B></font> </th><th width=15%><font size=2><B>Other</B></font></th></tr>
<tr><th width=30%></th><th width=20%></th><th width=15%><font size=2><B> July 1, </B> </font></th><th width=15%>  <font size=2><b>  March 31, </B></font> </th><th width=15%><font size=2> <B>Comprehensive</B></font></th></tr>
<tr><th width=30% align=left><B><U><font size=2>Loan Facility</font></u></b></th><th width=20%><font size=2><B><U>Notional Amount</U></B></font></th><th><font size=2><B><U>2000</U></B></font></th><th width=15%><font size=2>  <B><u> 2001 </u></b></font>
</th><th><font size=2><B><U>Income (Loss)</U></B></font></th></tr>
<tr><td><font size=2> Revolving line-of-credit</font></td>      <td align=center><font size=2>      $33 million  </font></td>      <td align=right><font size=2>             $452,000  </font></td>      <td align=right><font size=2>         $   -
</font></td>      <td align=right><font size=2>        $ (452,000)</font></td></tr>
<tr><td><font size=2> Revolving line-of-credit</font></td>      <td align=center><font size=2>                $10 million    </font></td>    <td align=right><font size=2>              92,000  </font></td>  <td align=right><font size=2>         $   -
    </font></td>       <td align=right><font size=2>                                (92,000)</font></td></tr>
<tr><td><font size=2> Revolving line-of-credit </font></td>      <td align=center><font size=2>          $85 million (average)  </font></td>      <td align=right><font size=2>         (35,000)       </font></td>      <td align=right><font size=2>
(2,071,000)</font></td> <td align=right><font size=2> (2,036,000)</font></td></tr>
<tr><td><font size=2>Reducing revolving line-</font></td>      <td align=center></td>   </tr>
<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp; of-credit/term-loan </font></td>      <td align=center><font size=2>                $8.5 million  </font></td>      <td align=right><font size=2>               139,000     </font></td>      <td align=right>
<font size=2>              -    </font></td>      <td align=right><font size=2>            (139,000)</font></td></tr>
<tr><td></td>      <td></td>      <td><hr size=1 noshade></td>       <td><hr size=1 noshade></td>       <td><hr size=1 noshade></td></tr>
<tr><td><font size=2>Total    </font></td>   <td></td>   <td align=right><font size=2>                                                     $648,000 </font></td>      <td align=right><font size=2>       $(2,071,000)   </font></td>      <td align=right>
<font size=2>          $(2,719,000) </font></td></tr>
<tr><td></td>      <td></td>      <td><hr size=2.5 noshade></td>       <td><hr size=2.5  noshade></td>       <td><hr size=2.5 noshade></td></tr>
</TABLE>



<li><font size=2> <b>   CREDIT AGREEMENT</b><BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    The Company has two credit facilities available under its existing amended and restated credit agreement
with a syndicate of banks led by Wells Fargo Bank Texas, National Association. The Company's revolving
line-of-credit facility of $155 million is available until November 8, 2001.  Borrowings under this revolving line-of-credit facility may be
used for working capital and general corporate purposes.  The Company's other facility is a reducing revolving
facility that allows the Company to borrow (and repay and reborrow) amounts until November 9, 2003.  The maximum
amount of credit available to the Company under this reducing revolving facility is $65 million, but is subject
to reduction on October 1, 2001, and each quarter thereafter, by $4.375 million.  This reducing revolving
facility replaced the term-loan facility under the preceding credit agreement (which permitted borrowing only on
a one-time, non-revolving basis).  Borrowings under this reducing revolving facility may be used for store
construction and relocation and other capital expenditures, including acquisitions, and refinancing other
indebtedness of the Company.  The Company had borrowed $118.5 million under its revolving line-of-credit facility
and $56.0 million under its reducing revolving facility as of March 31, 2001.<BR><BR>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      The Company's borrowings under the revolving line-of-credit facility bear interest at a variable annual rate
equal to, at the Company's discretion, either the prime rate publicly announced by Wells Fargo Bank from time to
time or the London InterBank Offered Rate (LIBOR) plus 0.75%.  The Company's borrowings under the reducing
revolving facility bear interest at a variable annual rate equal to, at the Company's discretion, either the
prime rate publicly announced by Wells Fargo Bank from time to time plus 0.25% or LIBOR plus 2.375% (but subject
to adjustment quarterly, beginning March 31, 2001, within a range of 2.125% to 2.625% above LIBOR, depending on
the Company's debt-to-cash flow ratio).  Interest is generally payable monthly, except on LIBOR-rate borrowings;
interest on LIBOR-rate borrowings is payable every 30, 60, or 90 days, depending on the period selected by the
Company.  The Company must also pay a commitment fee for each of the credit facilities.  The commitment fee for
the revolving line-of-credit facility is equal to 0.25% per annum of the average daily unused portion of that
facility; and the commitment fee for the reducing revolving facility is equal to 0.375% per annum of the average
daily unused portion of that facility through March 31, 2001, but thereafter varies within a range of 0.3% to
0.5% per annum of the average daily unused portion of that facility, depending on the Company's debt-to-cash flow
ratio after March 31, 2001.</font><BR><BR>

<li><font size=2><b>SIGNIFICANT ACQUISITION</b><BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;   On November 10, 2000,  the Company  entered  into an asset  purchase  agreement  and  ancillary  documents to
acquire the assets of a total of 107  check-cashing  and retail financial  services  locations from a group of five
privately held  companies  that are majority  owned by Morris  Silverman and Jeffrey D. Silverman and managed by MS
Management Company,  based in Chicago,  Illinois.  The locations were operated by the sellers under the trade names
"USA Checks Cashed" and "Gold Star Check Cashing" in California, Texas, and Oklahoma.</font><BR><BR>

<PAGE>
<font size=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       The total  purchase  price for the assets of all of the  locations was $29.72  million in cash.  Goodwill and
non-compete  costs were $28.64  million of the total  purchase  price.  Approximately  $28.86  million of the total
purchase price was payable to the sellers as the Company  exercised  ownership and operating  control of the assets
at the  locations.  Approximately  $0.86  million of the total  purchase  price is payable to the  sellers in equal
monthly  installments over a 36-month period. The monthly  installments are payments  contingent upon revenues from
food-stamp  distribution  contracts at certain of the locations.  In accordance  with the purchase  agreement,  the
Company  deposited  the total  purchase  price into  escrow for  release to the  sellers as the  Company  exercised
ownership and operating  control of the assets at the  locations  and as the monthly  revenue-related  payments are
required.  The total  purchase  price is subject to reduction if, under  circumstances  not caused or controlled by
the Company,  the Company cannot exercise ownership and operating control of the assets at a location,  the Company
ceases to receive revenues from food-stamp  distribution  contracts at certain of the locations during the 36-month
period,  or any of certain  locations  within  third-party  grocery stores cease  operations  without an acceptable
replacement  location  during a 36-month  period.  Such a reduction would be effected by release of the appropriate
amount of the escrowed funds to the Company or by the sellers' payment of the appropriate amount to the Company.<BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       This acquisition was accounted for using the purchase method of accounting,  and accordingly,  the net assets
and results of operations of the acquired  companies  have been  included in the Company's  consolidated  financial
statements  since the date that each store  location was  activated  with the Company's  proprietary  point-of-sale
system.  As of December 31, 2000,  all of the stores were phased into the  Company's  network.  The purchase  price
of the acquisition was allocated to assets acquired,  including  intangible assets and liabilities  assumed,  based
on the estimated fair values at the acquisition date.  Goodwill is being amortized using the  straight-line  method
over a period of 30 years.<BR><BR>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       The  following  presents the  unaudited pro forma results of operations of the Company for the three and nine
months ended March 31, 2001 and 2000 as if the  acquisition  had been  consummated  at the beginning of each of the
periods  presented.  The pro forma  results of  operations  are prepared for  comparative  purposes only and do not
necessarily  reflect the results that would have  occurred  had the  acquisition  occurred at the  beginning of the
periods presented or the results which may occur in the future.<BR></font>



<table width=90% cellspacing=1 cellpadding=1 border=0>
<tr><th width=45%></th><th width=25% colspan=2><font size=2> Three Months Ended </font></th><th width=25% colspan=2><font size=2> Nine Months Ended</font></th></tr>
<tr><th width=45%></th><th colspan=2><font size=2> March 31, </font></th><th width=25% colspan=2><font size=2> March 31,</font></th></tr>
<tr><th></th><th colspan=2><hr size=1 noshade></th> <th colspan=2><hr size=1 noshade></th> </tr>
<tr><th width=45%><font size=2></font></th><th width=12%><font size=2>2001</font></th><th width=12%><font size=2>2000</font></th><th width=12%><font size=2>2001</font></th><th width=12%><font size=2>2000</font></th></tr>
<tr><th></th><th><hr size=1 noshade></th><th><hr size=1 noshade></th><th><hr size=1 noshade></th><th><hr size=1 noshade></th> </tr>
<tr><th></th><th align=right></tr>
<tr><td></td><td colspan=4 align=center><font size=2>   <I>(dollars in thousands, except per share data) </I></font>   </td></tr>
<tr><th></th><th></th><th></th><th></th><th></th></tr>
<tr><th></th><th></th><th></th><th></th><th></th></tr>
<tr><th></th><th></th><th></th><th></th><th></th></tr>
<tr><th></th><th></th><th></th><th></th><th></th></tr>
<tr><th></th><th></th><th></th><th></th><th></th></tr>
<tr><th></th><th></th><th></th><th></th><th></th></tr>
<tr>
<td><font size=2> Revenues </font></td>
<td align=right><font size=2> $60,193         </font></td>
<td align=right><font size=2>  $46,685        </font></td>
<td align=right><font size=2>  $152,656          </font></td>
<td align=right><font size=2>  $118,215</font></td></tr>


<tr>
<td><font size=2> Income (loss) before cumulative effect </font></td></tr>
<tr> <td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp; of accounting  change   </font></td>
<td align=right><font size=2> (4,155)</font></td>
<td align=right><font size=2>  5,935         </font></td>
<td align=right><font size=2> (505)          </font></td>
<td align=right><font size=2>  8,655         </font></td></tr>


<tr>
<td><font size=2> Net income (loss) </font></td>
<td align=right><font size=2> (4,155) </font></td>
<td align=right><font size=2> 5,935   </font></td>
<td align=right><font size=2> (505)   </font></td>
<td align=right><font size=2>  8,052  </font></td> </tr>
<TR><TD></TD></TR>
<TR><TD></TD></TR>
<TR><TD></TD></TR>
<TR><TD></TD></TR>
<TR><TD></TD></TR>
 <tr>
<td><font size=2>    Basic earnings (loss) per share </font></td>


<td align=right><font size=2>(0.41)  </font></td>
<td align=right><font size=2> 0.59   </font></td>
<td align=right><font size=2>(0.05)  </font></td>
<td align=right><font size=2>0.80  </font></td> </tr>

<tr>
<td><font size=2> Diluted earnings (loss) per share  </font></td>
<td align=right><font size=2>  (0.41)    </font></td>
<td align=right><font size=2>0.57        </font></td>
<td align=right><font size=2>(0.05)      </font></td>
<td align=right><font size=2>0.78      </font></td> </tr>
</TABLE>
    <BR><BR><BR>


<li><b><font size=2>RESTRUCTURING CHARGES - ACCELERATED STORE CLOSINGS</font></b><BR><BR>
<font size=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      In the third quarter of fiscal 2001, the Company recorded charges for the costs associated with closing 85
unprofitable or underperforming stores.  The store-closing expense of $8.7 million consists primarily of costs
associated with goodwill and non-compete write-offs, fixed asset and inventory disposals, lease terminations, and
employee severance related to the store closings.<BR><BR>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       The following table reflects the components of the significant items reported as restructuring charges for
the quarter ended March 31, 2001 and the accrual balance as of March 31, 2001:</font>

<PAGE>

<table width=90% cellpadding=1 cellspacing=1 border=0>
<tr><th width=45%></th>  <th width=15%></th>   <th width=15%></th> <th width=15%></th> </tr>

<tr><th width=45%></th>  <th width=15%><font size=2>   Original</font></th>    <th width=15%><font size=2>   Write-offs </font></th>    <th width=15%><font size=2>    Accrual Balance </font></th>    </tr>
<tr><th width=45%></th>  <th width=15%><font size=2>     Restructuring</font></th>    <th width=15%><font size=2>       through</font></th>    <th width=15%><font size=2> as of</font></th></tr>
 <tr><th width=45%></th>  <th width=15%><font size=2>  Charge</font></th>    <th width=15%><font size=2>                                March 31, 2001</font></th>    <th width=15%><font size=2>March 31, 2001</font></th></tr>

<tr><td></td><td colspan=3><hr size=1 noshade></td></tr>
<tr><td></td><td colspan=3 align=center><font size=2><I>(dollars in millions)</I></font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td><font size=2>   Net book value of assets</font></td><td align=right><font size=2> $2.5  </font></td><td align=right><font size=2>               ($2.5)  </font></td><td align=right><font size=2>                $ -</font></td></tr>
<tr><td><font size=2>   Goodwill and non-compete   </font></td><td align=right><font size=2>                                   2.6  </font></td><td align=right><font size=2>                (2.6)   </font></td><td align=right><font size=2>                -
</font></td></tr>
<tr><td><font size=2>    Remaining lease obligations   </font></td><td align=right><font size=2>  2.8 </font></td><td align=right><font size=2>   -   </font></td><td align=right><font size=2>                 2.8</font></td></tr>
<tr><td><font size=2>    Other including severance costs and store clean-up </font></td><td align=right><font size=2>  0.8     </font></td><td align=right><font size=2>             (0.4)  </font></td><td align=right><font size=2>                0.4</font>
</td></tr>
<tr><td></td><td colspan=3><hr size=1 noshade></td></tr>
 <tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total    </font></td><td align=right><font size=2>                                               $8.7     </font></td><td align=right><font size=2>           ($5.5)  </font></td><td align=right><font
size=2>              $3.2</font></td></tr>
<tr><td></td><td colspan=3><hr size=2.5 noshade></td></tr>
</TABLE>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       The decision to close these unprofitable or underperforming stores was made in order to benefit future
operations. Typically, these stores would be closed at various times over the next two or three years depending
on the circumstances of each store and its local market.  Frequently, the Company's decision to close a store is
made to coincide with the expiration of the store lease.  The Company determined, however, that closing these
stores in this manner would permit better use of its capital and other resources, which (the Company believes)
would improve the profitability of its overall operations. As of May 10, 2001, 80 of the 85 stores have already been closed, and the
remainder are expected to be closed before June 30, 2001.  The 85 stores planned for closing constitute
approximately 8 percent of the Company's owned locations.</font><BR><BR>

<li><font size=2><b> LOAN LOSS PROVISION</b><BR><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;     An  additional  loan loss  provision  of $8.5  million was  established  in the third  quarter of fiscal 2001
regarding  the Company's  participation  interests in loans made by Goleta  National Bank at the Company's  stores.
The losses  resulting  from  borrowers'  nonpayment  of loans are  expected  to exceed the  previously  established
loan-loss  allowance.  That allowance was based on the Company's  prior  experience with its "payday loan" product.
The loan loss reserve of $12.4 million as of March 31, 2001  represented  46.3% of the gross loans receivable as of
that date.</font>
</ol>
<PAGE>


<table width=100% cellpadding=1 cellspacing=1 border=0>

<tr><th colspan=8 align=center>              <B>ACE CASH EXPRESS, INC. AND SUBSIDIARIES</B></th></tr>
<tr><th colspan=8 align=center>                                           <B>SUPPLEMENTAL STATISTICAL DATA</B></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>

<tr>
        <th width=30%></th>
        <th colspan=2><font size=1><B>Three Months Ended</B></font></th>
        <th colspan=2><font size=1><B>Nine Months Ended</B></font></th> </tr>


<tr>
        <th width=30%></th>
        <th colspan=2><font size=1><B>March 31,</B></font></th>
        <th colspan=2><font size=1><B>March 31,</B></font></th>
       <th colspan=3><font size=1><B>Year Ended June 30,</B></font></th></tr>
<tr>
        <th width=30%></th>
      <th colspan=2><hr size=1 noshade></th>
      <th colspan=2><hr size=1 noshade></th>
     <th colspan=3><hr size=1 noshade></th>  </tr>


<tr>
        <th width=30%></th>
        <th width=10% align=center><font size=1><B>2001</B></font></th>
        <th width=10% align=center><font size=1><B>2000</B></font></th>
        <th width=10% align=center><font size=1><B>2001</B></font></th>
        <th width=10% align=center><font size=1><B>2000</B></font></th>
        <th width=10% align=center><font size=1><B>2000</B></font></th>
        <th width=10% align=center><font size=1><B>1999</B></font></th>
        <th width=10% align=center><font size=1><B>1998</B></font></th></tr>


<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th> </tr>

<tr><td><font size=1> <B>Company Operating and Statistical Data:</B></font></td></tr>
<tr><td><font size=1> Company-owned stores in operation:</font></td></tr>
<tr>
        <td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period</font></td>
        <td align=right><font size=1> 1,055</font></td>
        <td align=right><font size=1>  817 </font></td>
        <td align=right><font size=1>  915 </font></td>
        <td align=right><font size=1>  798 </font></td>
        <td align=right><font size=1>  798 </font></td>
        <td align=right><font size=1>  683 </font></td>
        <td align=right><font size=1>  617 </font></td></tr>
<tr>
        <td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Acquired</font></td>
        <td align=right><font size=1>2      </font></td>
        <td align=right><font size=1>20    </font></td>
        <td align=right><font size=1>131   </font></td>
        <td align=right><font size=1>23    </font></td>
        <td align=right><font size=1>36    </font></td>
        <td align=right><font size=1>35    </font></td>
        <td align=right><font size=1>15    </font></td></tr>

<tr>
        <td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Opened</font></td>
         <td align=right><font size=1>15 </font></td>
         <td align=right><font size=1>32 </font></td>
         <td align=right><font size=1>36 </font></td>
        <td align=right><font size=1>64  </font></td>
         <td align=right><font size=1>99 </font></td>
        <td align=right><font size=1>99  </font></td>
        <td align=right><font size=1>62  </font></td></tr>



<tr>
        <td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp; Closed (1) </font></td>
          <td align=right><font size=1>  (4) </font></td>
        <td align=right><font size=1>   0    </font></td>
        <td align=right><font size=1>  (14)  </font></td>
        <td align=right><font size=1>  (16)  </font></td>
        <td align=right><font size=1>  (18)  </font></td>
        <td align=right><font size=1>  (19)  </font></td>
        <td align=right><font size=1>  (11)</font></td></tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th> </tr>

<tr>
        <td><font size=1> &nbsp;&nbsp;&nbsp;&nbsp;End of period  </font></td>
        <td align=right><font size=1>1,068  </font></td>
        <td align=right><font size=1>869    </font></td>
        <td align=right><font size=1>1,068  </font></td>
        <td align=right><font size=1>869    </font></td>
        <td align=right><font size=1>915    </font></td>
        <td align=right><font size=1>798    </font></td>
        <td align=right><font size=1>683    </font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th></tr>

<tr><td><font size=1> Percentage increase in comparable</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;store revenues from prior period:</font></td></tr>

<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;Exclusive of tax-related revenues(2)   </font></td>
        <td align=right><font size=1>29.7%  </font></td>
        <td align=right><font size=1>3.6%   </font></td>
        <td align=right><font size=1>25.1%  </font></td>
        <td align=right><font size=1>6.4%   </font></td>
        <td align=right><font size=1>7.1%   </font></td>
        <td align=right><font size=1>10.6%  </font></td>
        <td align=right><font size=1>8.0%   </font></td></tr>


<tr>
        <td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; Total revenues (3)    </font></td>
        <td align=right><font size=1>22.9% </font></td>
        <td align=right><font size=1>5.5%  </font></td>
        <td align=right><font size=1>22.8% </font></td>
        <td align=right><font size=1>6.8%  </font></td>
        <td align=right><font size=1>6.9%  </font></td>
        <td align=right><font size=1>10.8% </font></td>
        <td align=right><font size=1>6.9%  </font></td></tr>



<tr>
        <td><font size=1> Capital expenditures (in thousands)     </font></td>
<td align=right><font size=1>$    3,982    </font></td>
<td align=right><font size=1>$    5,768    </font></td>
<td align=right><font size=1>$    9,316    </font></td>
<td align=right><font size=1>$    9,601    </font></td>
<td align=right><font size=1>$   12,255    </font></td>
<td align=right><font size=1>$   10,089    </font></td>
<td align=right><font size=1>$    5,742    </font></td></tr>



<tr>
        <td><font size=1> Cost of net assets acquired (in </font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;thousands) </font></td>
<td align=right><font size=1>$      595  </font></td>
<td align=right><font size=1>$    6,091  </font></td>
<td align=right><font size=1>$   36,705  </font></td>
<td align=right><font size=1>$    7,143  </font></td>
<td align=right><font size=1>$   11,359  </font></td>
<td align=right><font size=1>$    8,378  </font></td>
<td align=right><font size=1>$    4,708  </font></td></tr>


<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>


<tr>  <td><font size=1> <B>Operating Data (Check Cashing and
 Money Orders):</B></font></td></tr>

<tr><td><font size=1>  Face amount of checks cashed (in </font></td></tr>
 <tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; millions)</font></td>
<td align=right><font size=1>$    1,457    </font></td>
<td align=right><font size=1>$    1,144    </font></td>
<td align=right><font size=1>$    3,438    </font></td>
<td align=right><font size=1>$    2,890    </font></td>
<td align=right><font size=1>$    3,839    </font></td>
<td align=right><font size=1>$    3,373    </font></td>
<td align=right><font size=1>$    2,898    </font></td></tr>



<tr>
        <td><font size=1> Face amount of money orders sold (in </font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; millions)</font></td>
<td align=right><font size=1>$      483   </font></td>
<td align=right><font size=1>$      413   </font></td>
<td align=right><font size=1>$    1,269   </font></td>
<td align=right><font size=1>$    1,196   </font></td>
<td align=right><font size=1>$    1,585   </font></td>
<td align=right><font size=1>$    1,905   </font></td>
<td align=right><font size=1>$    1,858   </font></td></tr>




<tr><td><font size=1>  Face amount of money orders sold as  </font>    </td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;   a percentage of the face amount of </font></td></tr>
 <tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;    checks cashed  </font> </td>
<td align=right><font size=1>33.1%   </font></td>
<td align=right><font size=1>36.1%   </font></td>
<td align=right><font size=1>36.9%   </font></td>
<td align=right><font size=1>41.4%   </font></td>
<td align=right><font size=1>41.3%   </font></td>
<td align=right><font size=1>56.5%   </font></td>
<td align=right><font size=1>64.1%   </font></td></tr>


<tr><td><font size=1>  Face amount of average check   </font>    </td>
<td align=right><font size=1>$      423  </font></td>
<td align=right><font size=1>$      395  </font></td>
<td align=right><font size=1>$      363  </font></td>
<td align=right><font size=1>$      342  </font></td>
<td align=right><font size=1>$      339  </font></td>
<td align=right><font size=1>$      320  </font></td>
<td align=right><font size=1>$      305  </font></td></tr>



<tr><td><font size=1>  Average fee per check  </font></td>
<td align=right><font size=1>$    10.60    </font></td>
<td align=right><font size=1>$    10.02    </font></td>
<td align=right><font size=1>$     8.49    </font></td>
<td align=right><font size=1>$     8.06    </font></td>
<td align=right><font size=1>$     7.92    </font></td>
<td align=right><font size=1>$     7.47    </font></td>
<td align=right><font size=1>$     7.26    </font></td></tr>



<tr><td><font size=1>  Fees as a percentage of average check         </font></td>
<td align=right><font size=1>2.50%           </font></td>
<td align=right><font size=1>2.54%           </font></td>
<td align=right><font size=1>2.34%           </font></td>
<td align=right><font size=1>2.36%           </font></td>
<td align=right><font size=1>2.33%           </font></td>
<td align=right><font size=1>2.33%           </font></td>
<td align=right><font size=1>2.38%           </font></td></tr>


<tr><td><font size=1>  Number of checks cashed (in </font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;thousands) </font></td>
<td align=right><font size=1>3,443           </font></td>
<td align=right><font size=1>2,897           </font></td>
<td align=right><font size=1>9,484           </font></td>
<td align=right><font size=1>8,448           </font></td>
<td align=right><font size=1>11,317          </font></td>
<td align=right><font size=1>10,556          </font></td>
<td align=right><font size=1>9,496           </font></td></tr>



<tr><td><font size=1> Number of money orders sold (in </font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;thousands)</font></td>
<td align=right><font size=1>3,596    </font></td>
<td align=right><font size=1>3,194    </font></td>
<td align=right><font size=1>9,573    </font></td>
<td align=right><font size=1>9,340    </font></td>
<td align=right><font size=1>12,339   </font></td>
<td align=right><font size=1>14,495   </font></td>
<td align=right><font size=1>14,146   </font></td></tr>


<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>


<tr><td><font size=1> <B>Collections Data:</B></font></td></tr>
<tr><td><font size=1> Face amount of returned checks (in</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; thousands)   </font></td>
<td align=right><font size=1>$    6,993      </font></td>
<td align=right><font size=1>$    4,633      </font></td>
<td align=right><font size=1>$   20,482      </font></td>
<td align=right><font size=1>$   12,698      </font></td>
<td align=right><font size=1>$   16,548      </font></td>
<td align=right><font size=1>$   12,442      </font></td>
<td align=right><font size=1>$   10,193      </font></td></tr>


<tr><td><font size=1> Collections (in thousands)  </font></td>
<td align=right><font size=1>4,607     </font></td>
<td align=right><font size=1>2,961     </font></td>
<td align=right><font size=1>13,717    </font></td>
<td align=right><font size=1>7,761     </font></td>
<td align=right><font size=1>10,788    </font></td>
<td align=right><font size=1>7,423     </font></td>
<td align=right><font size=1>6,301     </font></td></tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th> </tr>

<tr><td><font size=1> Net write-offs (in thousands) </font></td>
<td align=right><font size=1>$    2,386     </font></td>
<td align=right><font size=1>$    1,672     </font></td>
<td align=right><font size=1>$    6,765     </font></td>
<td align=right><font size=1>$    4,937     </font></td>
<td align=right><font size=1>$    5,760     </font></td>
<td align=right><font size=1>$    5,019     </font></td>
<td align=right><font size=1>$    3,892     </font></td></tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th></tr>

<tr><td><font size=1> Collections as a percentage of</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;  returned checks  </font></td>
<td align=right><font size=1>65.9%           </font></td>
<td align=right><font size=1>63.9%           </font></td>
<td align=right><font size=1>67.0%           </font></td>
<td align=right><font size=1>61.1%           </font></td>
<td align=right><font size=1>65.2%           </font></td>
<td align=right><font size=1>59.7%           </font></td>
<td align=right><font size=1>61.8%           </font></td></tr>


<tr><td><font size=1> Net write-offs as a percentage of</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;   revenues    </font></td>
<td align=right><font size=1>4.0%      </font></td>
<td align=right><font size=1>4.0%      </font></td>
<td align=right><font size=1> 4.6%     </font></td>
<td align=right><font size=1>4.7%      </font></td>
<td align=right><font size=1> 4.1%     </font></td>
<td align=right><font size=1>4.1%      </font></td>
<td align=right><font size=1>3.9%      </font></td></tr>

<tr><td><font size=1> Net write-offs as a percentage of the</font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp; face amount of checks cashed   </font></td>
<td align=right><font size=1>.16%       </font></td>
<td align=right><font size=1>.15%       </font></td>
<td align=right><font size=1> .20%      </font></td>
<td align=right><font size=1>.17%       </font></td>
<td align=right><font size=1> .15%      </font></td>
<td align=right><font size=1> .15%      </font></td>
<td align=right><font size=1>.13%       </font></td></tr>

<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>


</TABLE>




<font size=1> 1.&nbsp;&nbsp;&nbsp;Does not include any of the 85 stores to be closed in the fourth  quarter of fiscal 2001 with  respect to which
store-closing
      expense was recorded in the third quarter of fiscal 2001.</font><BR>
<font size=1>  2. &nbsp;&nbsp;&nbsp;Change in revenues  computed  excluding  tax refund  check  cashing fees for both the full year and the interim
periods compared.</font><BR>
<font size=1> 3.&nbsp;&nbsp;&nbsp; Calculated  based on the change in revenues of all stores open for both the full year and the interim  periods
compared.</font><BR>
<PAGE>



<table width=100% cellpadding=1 cellspacing=1 border=0>

<tr><th colspan=8 align=center>             <B> SUPPLEMENTAL STATISTICAL DATA, continued</B></th></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr>
        <th width=30%></th>
        <th colspan=2><font size=1><B>Three Months Ended</B></font></th>
        <th colspan=2><font size=1><B>Nine Months Ended</B></font></th> </tr>


<tr>
        <th width=30%></th>
        <th colspan=2><font size=1><B>March 31,</B></font></th>
        <th colspan=2><font size=1><B>March 31,</B></font></th>
       <th colspan=3><font size=1><B>Year Ended June 30,</B></font></th></tr>



<tr>
        <th width=30%></th>
      <th colspan=2><hr size=1 noshade></th>
      <th colspan=2><hr size=1 noshade></th>
     <th colspan=3><hr size=1 noshade></th>  </tr>


<tr>
        <th width=30%></th>
        <th width=10% align=center><font size=1><B>2001</B></font></th>
        <th width=10% align=center><font size=1><B>2000</B></font></th>
        <th width=10% align=center><font size=1><B>2001</B></font></th>
        <th width=10% align=center><font size=1><B>2000</B></font></th>
        <th width=10% align=center><font size=1><B>2000</B></font></th>
        <th width=10% align=center><font size=1><B>1999</B></font></th>
        <th width=10% align=center><font size=1><B>1998</B></font></th></tr>
<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th> </tr>

<tr>
<td><font size=1> <B>Operating Data (Small Consumer Loans):</B></font></td></tr>
<tr><td><font size=1>Volume (in thousands)      </font></td>
<td align=right><font size=1>$    101,998   </font></td>
<td align=right><font size=1>$     31,214  </font></td>
<td align=right><font size=1>$     280,820 </font></td>
<td align=right><font size=1>$    93,148   </font></td>
<td align=right><font size=1>$    137,015  </font></td>
<td align=right><font size=1>$    105,765  </font></td>
<td align=right><font size=1>$    69,182   </font></td>  </tr>


<tr><td><font size=1>Average advance    </font></td>
<td align=right><font size=1>$        268    </font></td>
<td align=right><font size=1>$        227   </font></td>
<td align=right><font size=1>$         271  </font></td>
<td align=right><font size=1>$       218    </font></td>
<td align=right><font size=1>$        240   </font></td>
<td align=right><font size=1>$        200   </font></td>
<td align=right><font size=1>$       177    </font></td>  </tr>



<tr><td><font size=1>Average finance charge </font></td>
<td align=right><font size=1>$      42.33    </font></td>
<td align=right><font size=1>$      30.41   </font></td>
<td align=right><font size=1>$       41.27  </font></td>
<td align=right><font size=1>$     31.17    </font></td>
<td align=right><font size=1>$      34.51   </font></td>
<td align=right><font size=1>$      30.30   </font></td>
<td align=right><font size=1>$     27.51    </font></td>  </tr>


<tr><td><font size=1>Number of loan transactions  </font></td>      </tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;   (in thousands)    </font></td>
<td align=right><font size=1>381     </font></td>
<td align=right><font size=1>121    </font></td>
<td align=right><font size=1>1,038  </font></td>
<td align=right><font size=1> 374   </font></td>
<td align=right><font size=1>557    </font></td>
<td align=right><font size=1>460    </font></td>
<td align=right><font size=1>338    </font></td>  </tr>

<tr><td><font size=1><b>Balance Sheet Data (in</b></font></td></tr>
<tr><td><font size=1><b>&nbsp;&nbsp;&nbsp;&nbsp;  thousands):</b></font></td></tr>

<tr>

<td><font size=1>Gross loans receivable     </font></td>
<td align=right><font size=1>$     26,704    </font></td>
<td align=right><font size=1>$      5,390   </font></td>
<td align=right><font size=1>$      26,704  </font></td>
<td align=right><font size=1>$     5,390    </font></td>
<td align=right><font size=1>$     18,695   </font></td>
<td align=right><font size=1>$      5,543   </font></td>
<td align=right><font size=1>$     5,174    </font></td>  </tr>




<tr><td><font size=1>  Less:  Allowance for losses </font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;      on loans receivable                </font></td>
<td align=right><font size=1>12,373      </font></td>
<td align=right><font size=1>-          </font></td>
<td align=right><font size=1>12,373     </font></td>
<td align=right><font size=1>-          </font></td>
<td align=right><font size=1>-          </font></td>
<td align=right><font size=1>-          </font></td>
<td align=right><font size=1> -         </font></td>  </tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th> </tr>



<tr><td><font size=1>Loans receivable, net of  </font></td></tr>
<tr><td><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;  allowance </font></td>
<td align=right><font size=1>$     14,331        </font></td>
<td align=right><font size=1>$      5,390       </font></td>
<td align=right><font size=1>$     14,331       </font></td>
<td align=right><font size=1>$      5,390       </font></td>
<td align=right><font size=1>$     18,695       </font></td>
<td align=right><font size=1>$      5,543       </font></td>
<td align=right><font size=1>$      5,174       </font></td>  </tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th></tr>


<tr><td><font size=1>Allowance for losses on loans</font></td></tr>
<tr><td><font size=1>receivable:</font></td></tr>

<tr>
<td><font size=1> Beginning of period    </font></td>
<td align=right><font size=1>$      5,471        </font></td>
<td align=right><font size=1>$          -       </font></td>
<td align=right><font size=1>$           -      </font></td>
<td align=right><font size=1>$         -        </font></td>
<td align=right><font size=1>$          -       </font></td>
<td align=right><font size=1>$          -       </font></td>
<td align=right><font size=1>$         -        </font></td>  </tr>



<tr><td><font size=1>  Provision for loan losses  </font></td>
<td align=right><font size=1>12,806              </font></td>
<td align=right><font size=1> -                 </font></td>
<td align=right><font size=1>19,972             </font></td>
<td align=right><font size=1> -                 </font></td>
<td align=right><font size=1>-                  </font></td>
<td align=right><font size=1> -                 </font></td>
<td align=right><font size=1>          -        </font></td>  </tr>



<tr><td><font size=1>  Net charge-offs  </font></td>
<td align=right><font size=1> (5,904)            </font></td>
<td align=right><font size=1> -                 </font></td>
<td align=right><font size=1>(7,599)            </font></td>
<td align=right><font size=1> -                 </font></td>
<td align=right><font size=1>-                  </font></td>
<td align=right><font size=1> -                 </font></td>
<td align=right><font size=1>-                  </font></td>  </tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th>
 <th width=10% align=center><hr size=1 noshade></th> </tr>


<tr><td><font size=1>  End of period  </font></td>
<td align=right><font size=1> $     12,373       </font></td>
<td align=right><font size=1> $          -      </font></td>
<td align=right><font size=1>$      12,373      </font></td>
<td align=right><font size=1> $         -       </font></td>
<td align=right><font size=1> $          -      </font></td>
<td align=right><font size=1>$          -       </font></td>
<td align=right><font size=1>$         -        </font></td>  </tr>

<tr>
        <th width=30%></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th>
      <th width=10% align=center><hr size=2.5 noshade></th></tr>


<tr><td><font size=1>Allowance as a percent of</font></td></tr>
<tr><td><font size=1>  gross loans receivable </font></td>
<td align=right><font size=1>                46.3%               </font></td>
<td align=right><font size=1>    -                              </font></td>
<td align=right><font size=1> 46.3%                             </font></td>
<td align=right><font size=1>   -                               </font></td>
<td align=right><font size=1>   -                               </font></td>
<td align=right><font size=1>-                                  </font></td>
<td align=right><font size=1>  -                                </font></td>  </tr>
</TABLE>



<PAGE>
<p><font size=2><b><A NAME="toc5">ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS                 OF OPERATIONS
RESULTS OF OPERATIONS</A></b></font></p>

<table width=95% cellpadding=1 cellspacing=1 border=0 align=center>
<tr><th colspan=9 align=left><B>    Revenue Analysis</B></th></tr>
<tr><td colspan=9><hr size=1 noshade></td></tr>
<tr><th></th><th colspan=4 align=center> <font size=2>Three Months Ended March 31, </font></th>  <th colspan=4 align=center>  <font size=2>     Nine Months Ended March 31,</font></th></tr>
<tr><th></th><th colspan=8><hr size=1 noshade></th></tr>
<tr><th width=22%></th><th width=10%><font size=2> 2001 </font></th><th width=10%><font size=2>     2000 </font></th><th width=10%><font size=2>       2001 </font></th><th width=10%><font size=2>        2000 </font></th><th width=10%><font size=2>
 2001  </font></th><th width=10%><font size=2>       2000</font></th><th width=10%><font size=2>         2001    </font></th><th width=10%><font size=2>    2000 </font></th></tr>

<tr>
     <td></td><td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td></tr>


<tr>
        <td></td><td colspan=2 align=center><font size=2> (in thousands) </font></td>
<td colspan=2 align=center><font size=2>  (percentage of revenue)   </font></td>
<td colspan=2 align=center><font size=2> (in thousands) </font></td>
<td colspan=2 align=center><font size=2>  (percentage of revenue)   </font></td></tr>

<tr>
     <td></td><td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td></tr>

<tr>
<td><font size=2> Check cashing fees</font></td>
<td align=right><font size=2> $23,561</font></td>
<td align=right><font size=2> $18,973</font></td>
<td align=right><font size=2> 39.2%</font></td>
<td align=right><font size=2> 45.9%</font></td>
<td align=right><font size=2> $67,253</font></td>
<td align=right><font size=2> $ 57,702 </font></td>
<td align=right><font size=2>46.2% </font></td>
<td align=right><font size=2>55.4%</font></td></tr>

<tr>
<td><font size=2> Loan fees and interest </font></td>
<td align=right><font size=2>14,039 </font></td>
<td align=right><font size=2>3,692 </font></td>
<td align=right><font size=2>23.3 </font></td>
<td align=right><font size=2>8.9 </font></td>
<td align=right><font size=2>37,866 </font></td>
<td align=right><font size=2>11,657 </font></td>
<td align=right><font size=2>26.0 </font></td>
<td align=right><font size=2>11.2</font></td></tr>

<tr>
<td><font size=2> Tax check fees      </font></td>
<td align=right><font size=2>12,918   </font></td>
<td align=right><font size=2>10,055   </font></td>
<td align=right><font size=2> 21.5    </font></td>
<td align=right><font size=2>24.3     </font></td>
<td align=right><font size=2>13,233   </font></td>
<td align=right><font size=2>10,363   </font></td>
<td align=right><font size=2>9.1      </font></td>
<td align=right><font size=2>9.9      </font></td></tr>

<tr>
<td><font size=2> Bill payment services  </font></td>
<td align=right><font size=2>2,648       </font></td>
<td align=right><font size=2>2,440       </font></td>
<td align=right><font size=2>4.4         </font></td>
<td align=right><font size=2>5.9         </font></td>
<td align=right><font size=2>7,498       </font></td>
<td align=right><font size=2>7,163       </font></td>
<td align=right><font size=2>5.2         </font></td>
<td align=right><font size=2>6.9         </font></td></tr>

<tr>
<td><font size=2> Money transfer services </font></td>
<td align=right><font size=2>2,726        </font></td>
<td align=right><font size=2>2,466        </font></td>
<td align=right><font size=2>4.5          </font></td>
<td align=right><font size=2>6.0          </font></td>
<td align=right><font size=2>7,735        </font></td>
<td align=right><font size=2>6,387        </font></td>
<td align=right><font size=2>5.3          </font></td>
<td align=right><font size=2>6.1          </font></td></tr>

<tr><td><font size=2> Money order fees </font></td>
<td align=right><font size=2>1,984 </font></td>
<td align=right><font size=2>1,817 </font></td>
<td align=right><font size=2>3.3   </font></td>
<td align=right><font size=2>4.4   </font></td>
<td align=right><font size=2>5,349 </font></td>
<td align=right><font size=2>5,326 </font></td>
<td align=right><font size=2>3.7   </font></td>
<td align=right><font size=2>5.1   </font></td></tr>


<tr>
<td><font size=2> Franchise revenues </font></td>
<td align=right><font size=2>553     </font></td>
<td align=right><font size=2>585     </font></td>
<td align=right><font size=2>0.9     </font></td>
<td align=right><font size=2>1.4     </font></td>
<td align=right><font size=2>1,722   </font></td>
<td align=right><font size=2>1,837   </font></td>
<td align=right><font size=2>1.2     </font></td>
<td align=right><font size=2> 1.8    </font></td></tr>


<tr>
<td><font size=2> Other fees          </font></td>
<td align=right><font size=2>1,764    </font></td>
<td align=right><font size=2>1,309    </font></td>
<td align=right><font size=2>2.9      </font></td>
<td align=right><font size=2>3.2      </font></td>
<td align=right><font size=2>4,875    </font></td>
<td align=right><font size=2> 3,774   </font></td>
<td align=right><font size=2>3.3      </font></td>
<td align=right><font size=2>3.6      </font></td></tr>

<tr>
     <td></td><td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td></tr>

<tr>
<td><font size=2>Total revenue          </font></td>
<td align=right><font size=2>$60,193    </font></td>
<td align=right><font size=2>$41,337    </font></td>
<td align=right><font size=2>100.0%     </font></td>
<td align=right><font size=2>100.0%     </font></td>
<td align=right><font size=2>$145,531   </font></td>
<td align=right><font size=2>$104,209   </font></td>
<td align=right><font size=2>100.0%     </font></td>
<td align=right><font size=2>100.0%     </font></td>        </tr>

<tr>
     <td></td><td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td></tr>



<tr>
<td><font size=2> Average revenue per store </font></td>  </tr>
<tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(excluding franchise</font></td>    </tr>
<tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;revenues)</font></td>
<td align=right><font size=2>$56.2 </font></td>
<td align=right><font size=2>$48.3 </font></td>
<td></td><td></td>
<td align=right><font size=2>$145.0 </font></td>
<td align=right><font size=2>$122.7</font></td></tr>
</TABLE>


<p align=center><font size=2><b>                                          Quarter Comparison</b></font></p>
<p><font size=2> Total revenues  increased  $18.9  million,  or 46%, to $60.2 million in the third quarter of fiscal 2001 from $41.3
million  in the third  quarter of the last  fiscal  year.  This  revenue  growth  resulted,  in part,  from an $8.6
million,  or 23%, increase in comparable store revenues (775 stores).  The balance of the increase came from stores
which were  opened or  acquired  after June 30,  1999,  and were  therefore  not open for both of the full  periods
compared.  The number of  Company-owned  stores increased by 199, or 23%, from 869 stores opened at March 31, 2000,
to 1,068 stores  opened at March 31, 2001 (though the Company  intends to close 85 stores in the fourth  quarter of
fiscal  2001.)  The  increase  in loan fees and  interest  accounted  for 55% of the total  revenue  increase;  the
increase in check cashing fees and tax check fees combined  accounted  for 40% of the total revenue  increase;  the
increase in money  transfer  services  accounted  for 1% of the total revenue  increase;  and the increase in other
fees accounted for 2% of the total revenue increase.<BR><BR>

Loan fees and  interest  for the third  quarter of fiscal 2001  reflect the  Company's  participation  interests in
Goleta  National  Bank (GNB)  loans,  but for the third  quarter of the last fiscal  year,  reflect  the  Company's
so-called  "payday  loans" to  customers.  Loan fees and  interest  increased  $10.3  million,  or 280%,  from $3.7
million in the third  quarter of the last fiscal year to $14.0  million in the third  quarter of fiscal 2001 due to
the increase in the number of stores  offering the Company's  loan products,  which in turn is  principally  due to
the  offering  of the GNB loan  product in 971 stores in the third  quarter of fiscal  2001  compared to 355 stores
offering the  Company's  payday loan  product in the third  quarter of the last fiscal year.  Check  cashing  fees,
including  tax check fees,  increased  $7.5  million,  or 26%,  from $29.0 million in the third quarter of the last
fiscal year to $36.5  million in the third quarter of fiscal 2001.  This  increase  resulted from a 19% increase in
the total  number of checks  cashed and a 6% increase  in the  average  fee per check,  which is a result of the 7%
increase in the average size check.  Of the $2.9 million tax check fee increase, $1.0 million was attributable to
the 50 self-service machines located in tax preparers' offices. The money transfer  revenue  increase of $0.3 million,  or 11%, to $2.7 million
in the third  quarter of fiscal 2001 from $2.4  million in the first  quarter of the last fiscal year is  primarily
due to the  increased  number of stores  opened and  operating  in the current  fiscal year.  Other fees  increased
$0.5  million,  or 35%, from $1.3 million in the third quarter of the last fiscal year to $1.8 million in the third
quarter of fiscal 2001 due to the increase in the number of stores in operation.</font></p>
<PAGE>


<p align=center><b>                                               Nine Month Comparison</b></p>
<p><font size=2> Total  revenues  increased  $41.3  million,  or 40%, to $145.5 million in the first nine months of fiscal 2001 from
$104.2 million in the first nine months of the last fiscal year.  This revenue  growth  resulted,  in part,  from a
$21.8 million,  or 23%,  increase in comparable store revenues (775 stores).  The balance of the increase came from
stores  which  were  opened or  acquired  after June 30,  1999,  and were  therefore  not open for both of the full
periods  compared.  The increase in loan fees and interest  accounted  for 63% of the total revenue  increase;  the
increase in check cashing fees and tax check fees combined  accounted  for 30% of the total revenue  increase;  the
increase in money  transfer  services  accounted  for 3% of the total revenue  increase;  and the increase in other
fees accounted for 3% of the total revenue increase.<BR><BR>


Loan fees and interest for the first nine months of fiscal 2001 reflect the  Company's  participation  interests in
GNB loans, but for the first nine months of the last fiscal year,  reflect the Company's  so-called  "payday loans"
to  customers.  Loan fees and interest  increased  $26.2  million,  or 225%,  from $11.7  million in the first nine
months of the last  fiscal year to $37.9  million in the first nine  months of fiscal  2001 due to the  increase in
the number of stores  offering the Company's  loan products,  which in turn is  principally  due to the offering of
the GNB loan  product in 971 stores in the first nine months of fiscal 2001  compared  to 355 stores  offering  the
Company's  payday loan  product in the first nine months of the last fiscal year.  Check  cashing  fees,  including
tax check fees,  increased  $12.4  million,  or 18%, from $68.1 million in the first nine months of the last fiscal
year to $80.5 million in the first nine months of fiscal 2001.  This  increase  resulted from a 12% increase in the
total  number  of checks  cashed  and a 5%  increase  in the  average  fee per  check,  which is a result of the 6%
increase in the average size check.  Of the $2.9 million tax check fee increase, $1.0 million was attributable to
the 50 self-service machines located in tax preparers' offices. The money transfer  revenue  increase of $1.3 million,  or 21%, to $7.7 million
in the first nine  months of fiscal  2001 from $6.4  million in the first nine  months of the last  fiscal  year is
primarily  due to the  increased  number of stores  opened and  operating in the current  fiscal  year.  Other fees
increased  $1.1  million,  or 29%,  from $3.8  million for the first nine months of fiscal 2000 to $4.9 million for
the first nine months of fiscal 2001 due to the increase in the number of stores in operation.</font></p>


<table width=98% cellpadding=1 cellspacing=1 border=0>
<tr><th colspan=9 align=left><B>    Store Expense Analysis</B></th></tr>
<tr><td colspan=9><hr size=1 noshade></td></tr>
<tr><th></th><th colspan=4 align=center> <font size=2>Three Months Ended March 31, </font></th>  <th colspan=4 align=center>  <font size=2>     Nine Months Ended March 31,</font></th></tr>
<tr><th></th><th colspan=8><hr size=1 noshade></th></tr>
<tr><th width=22%></th><th width=10%><font size=2> 2001 </font></th><th width=10%><font size=2>     2000 </font></th><th width=10%><font size=2>       2001 </font></th><th width=10%><font size=2>        2000 </font></th><th width=10%><font size=2>
 2001  </font></th><th width=10%><font size=2>       2000</font></th><th width=10%><font size=2>         2001    </font></th><th width=10%><font size=2>    2000 </font></th></tr>

<tr>
     <td></td><td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td></tr>


<tr>
        <td></td><td colspan=2 align=center><font size=2> (in thousands) </font></td>
<td colspan=2 align=center><font size=2>  (percentage of revenue)   </font></td>
<td colspan=2 align=center><font size=2> (in thousands) </font></td>
<td colspan=2 align=center><font size=2>  (percentage of revenue)   </font></td></tr>

<tr>
     <td></td><td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td></tr>

<tr>
<td><font size=2>     Salaries and benefits   </font></td>
<td align=right><font size=2>$15,129          </font></td>
<td align=right><font size=2> $10,154         </font></td>
<td align=right><font size=2> 25.1%           </font></td>
<td align=right><font size=2>  24.6%          </font></td>
<td align=right><font size=2> $ 37,830        </font></td>
<td align=right><font size=2>$27,506          </font></td>
<td align=right><font size=2>  26.0%          </font></td>
<td align=right><font size=2>26.4%            </font></td></tr>


<tr>
<td><font size=2> Occupancy           </font></td>
<td align=right><font size=2>7,143    </font></td>
<td align=right><font size=2>5,401    </font></td>
<td align=right><font size=2>11.9     </font></td>
<td align=right><font size=2>13.1     </font></td>
<td align=right><font size=2> 19,709  </font></td>
<td align=right><font size=2>15,751   </font></td>
<td align=right><font size=2> 13.5    </font></td>
<td align=right><font size=2>15.1     </font></td></tr>


<tr>
<td><font size=2> Armored and security                  </font></td>
<td align=right><font size=2> 1,974       </font></td>
<td align=right><font size=2> 1,548       </font></td>
<td align=right><font size=2>   3.3       </font></td>
<td align=right><font size=2> 3.8         </font></td>
<td align=right><font size=2>  5,488      </font></td>
<td align=right><font size=2>    4,361    </font></td>
<td align=right><font size=2>    3.8      </font></td>
<td align=right><font size=2> 4.2         </font></td></tr>



<tr>
<td><font size=2> Returns and cash shorts  </font></td>
<td align=right><font size=2> 3,070      </font></td>
<td align=right><font size=2> 2,614      </font></td>
<td align=right><font size=2> 5.1        </font></td>
<td align=right><font size=2>  6.3       </font></td>
<td align=right><font size=2>  9,411     </font></td>
<td align=right><font size=2> 7,446      </font></td>
<td align=right><font size=2> 6.5        </font></td>
<td align=right><font size=2> 7.1        </font></td></tr>




<tr><td><font size=2>Loan losses/loss</font></td></tr>
<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; provision </font></td>
<td align=right><font size=2> 12,823     </font></td>
<td align=right><font size=2>628          </font></td>
<td align=right><font size=2>21.3         </font></td>
<td align=right><font size=2>1.5          </font></td>
<td align=right><font size=2>18,369       </font></td>
<td align=right><font size=2>2,654        </font></td>
<td align=right><font size=2>12.6         </font></td>
<td align=right><font size=2>2.6          </font></td></tr>




<tr><td><font size=2>    Depreciation  </font></td>
<td align=right><font size=2>  1,720     </font></td>
<td align=right><font size=2>1,419        </font></td>
<td align=right><font size=2>2.9          </font></td>
<td align=right><font size=2>3.4          </font></td>
<td align=right><font size=2> 4,958       </font></td>
<td align=right><font size=2>3,937        </font></td>
<td align=right><font size=2>3.4          </font></td>
<td align=right><font size=2>3.8          </font></td></tr>



<tr><td><font size=2>     Other                            </font></td>
<td align=right><font size=2>4,105     </font></td>
<td align=right><font size=2>2,736      </font></td>
<td align=right><font size=2>6.8        </font></td>
<td align=right><font size=2> 6.6       </font></td>
<td align=right><font size=2>10,990     </font></td>
<td align=right><font size=2> 7,522     </font></td>
<td align=right><font size=2> 7.6       </font></td>
<td align=right><font size=2> 7.2       </font></td></tr>


<tr>
     <td></td><td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td></tr>




<tr><td><font size=2>      Total store expenses                </font></td>
<td align=right><font size=2>$45,964      </font></td>
<td align=right><font size=2> $24,500      </font></td>
<td align=right><font size=2>  76.4%       </font></td>
<td align=right><font size=2>   59.3%      </font></td>
<td align=right><font size=2>  $106,755    </font></td>
<td align=right><font size=2>      $69,177   </font></td>
<td align=right><font size=2>73.4%         </font></td>
<td align=right><font size=2>66.4%         </font></td></tr>

<tr>
     <td></td><td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td>
<td><hr size=2.5 noshade></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr>
<td><font size=2> Average per store   </font></td></tr>
<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;expense</font></td><td align=right><font size=2> $43.3     </font></td>
<td align=right><font size=2> $29.0      </font></td>
<td></td><td></td>
<td align=right><font size=2>   $107.7   </font></td>
<td align=right><font size=2>     $82.9   </font></td>        </tr>
</TABLE>



<p align=center><b>                                                Quarter Comparison</b><BR><BR>
<p><font size=2>
Total store expenses increased $21.5 million, or 88%, to $46.0 million in the third quarter of fiscal 2001 from
$24.5 million in the third quarter of the last fiscal year.  Store expenses increased as a percentage of revenues
to 76% in the third quarter of fiscal 2001 from 59% in the third quarter of the last fiscal year.  Salaries and
benefits expenses, occupancy costs, and armored and security expenses, totaling $ 24.2 million in the third
quarter of fiscal 2001, increased by a total of $7.1 million, or 42%, in the quarter compared to the third
quarter of the last fiscal year, primarily as a result of the increased number of stores in operation. Returned
checks (net of collections) and cash shortages increased $0.5 million, or 17%, in the third quarter of fiscal
2001 compared to the third quarter of the last fiscal year primarily as a result of the increased number of
stores.<BR><BR>

Loan losses and loss provision increased $12.2 million in the third quarter of fiscal 2001 compared to the third
quarter of the last fiscal year.  In the third quarter of fiscal 2001, the Company maintained an allowance for
loan losses established to cover losses anticipated from the GNB loan product, rather than charging off actual
losses as incurred, as the Company did in the third quarter of the last fiscal year (regarding the Company's
payday loan product).  Loan losses are charged to this allowance, which is reviewed for adequacy (and may be
adjusted) on a quarterly basis.  An additional loan loss provision of $8.5 million was established in the third
quarter of fiscal 2001 regarding the Company's participation in loans made by GNB at the Company's stores. The
losses resulting from borrowers' nonpayment of loans are expected to exceed the loan-loss allowance previously
established by the Company.  That allowance was originally established on the assumption that loan losses would
be consistent with the Company's loss experience with its "payday loan" product.  But the loss experience over
the three full fiscal quarters during which the Company has been purchasing participation interests in the GNB
loans has been significantly higher.  The loss experience has prompted GNB to continually refine its underwriting
criteria for the loans and both GNB and the Company to modify the procedures for making the loans and for
collections of past-due amounts.  The loan loss reserve of $12.4 million as of March 31, 2001 was 46.3% of the
gross loans receivable as of that date.<BR><BR>

Other store expenses increased $1.4 million, or 50%, primarily as a result of the increased number of stores in
operation and an increase in advertising expense related to the GNB loan product.</font></p>


<p align=center><b>  <font size=2>                                             Nine Month Comparison</font></b></p>

<p><font size=2>Total store expenses  increased  $37.6  million,  or 54%, to $106.8 million in the first nine months of fiscal 2001
from the  $69.2  million  in the  first  nine  months  of the last  fiscal  year.  Store  expenses  increased  as a
percentage  of  revenues  to 73% for the first nine months of fiscal 2001 from 66% for the first nine months of the
last fiscal year.  Salaries and benefits  expenses,  occupancy costs, and armored and security  expenses,  totaling
$63.0  million for the first nine months of fiscal  2001,  increased  by a total of $15.4  million,  or 32%, in the
nine  months  compared to the first nine months of the last fiscal  year,  primarily  as a result of the  increased
number of stores in operation.  Returned  checks (net of  collections)  and cash shortages  increased $2.0 million,
or 26%,  in the first nine  months of fiscal  2001  compared  to the first nine  months of fiscal  2000,  primarily
because of the increased number of stores in operation.<BR><BR>

Loan  losses and loss  provision  increased  $15.7  million in the first nine  months of fiscal 2001 from the first
nine  months of the last  fiscal  year.  In the first  nine  months of fiscal  2001,  the  Company  established  an
allowance for loan losses to cover losses  anticipated  from the GNB loan product,  rather than charging off actual
losses as incurred,  as the Company did in the first nine months of the last fiscal year  (regarding  the Company's
payday loan  product).  Loan losses are charged to this  allowance,  which is  reviewed  for  adequacy  (and may be
adjusted) on a quarterly  basis.  During the third  quarter of fiscal 2001, an  additional  loan loss  provision of
$8.5 million was established,  as described in the second paragraph of the Quarter  Comparison of the Store Expense
Analysis above.<BR><BR>

Other store expenses  increased $3.5 million,  or 46%,  primarily as a result of the increased  number of stores in
operation and an increase in advertising expense related to the GNB loan product.</font></p>
<table width=95% cellpadding=1 cellspacing=1 border=0>
<tr><th colspan=9 align=left><B>Other Expenses Analysis</B></th></tr>
<tr><th colspan=9><hr size=1 noshade></th></tr>
<tr><th></th><th colspan=4 align=center> <font size=2>Three Months Ended March 31, </font></th>  <th colspan=4 align=center>  <font size=2>     Nine Months Ended March 31,</font></th></tr>
<tr><th></th><th colspan=8><hr size=1 noshade></th></tr>
<tr><th width=22%></th><th width=10%><font size=2> 2001 </font></th><th width=10%><font size=2>     2000 </font></th><th width=10%><font size=2>       2001 </font></th><th width=10%><font size=2>        2000 </font></th><th width=10%><font size=2>
 2001  </font></th><th width=10%><font size=2>       2000</font></th><th width=10%><font size=2>         2001    </font></th><th width=10%><font size=2>    2000 </font></th></tr>

<tr>
     <td></td><td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td>
<td><hr size=1 noshade></td></tr>


<tr>
        <td></td><td colspan=2 align=center><font size=2> (in thousands) </font></td>
<td colspan=2 align=center><font size=2>  (percentage of revenue)   </font></td>
<td colspan=2 align=center><font size=2> (in thousands) </font></td>
<td colspan=2 align=center><font size=2>  (percentage of revenue)   </font></td></tr>

<tr>
     <td></td><td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td>
<td colspan=2 align=center><hr size=1 noshade></td></tr>

<tr>
<td><font size=2>    Region expenses   </font></td>
<td align=right><font size=2>$3,755          </font></td>
<td align=right><font size=2> $2,777        </font></td>
<td align=right><font size=2> 6.2%          </font></td>
<td align=right><font size=2>  6.7%          </font></td>
<td align=right><font size=2> $ 10,220        </font></td>
<td align=right><font size=2>$7,781          </font></td>
<td align=right><font size=2>  7.0%          </font></td>
<td align=right><font size=2>7.5%            </font></td></tr>

<tr>
<td><font size=2> Headquarters expense           </font></td>
<td align=right><font size=2>3,015    </font></td>
<td align=right><font size=2>2,364    </font></td>
<td align=right><font size=2>5.0     </font></td>
<td align=right><font size=2>5.7    </font></td>
<td align=right><font size=2> 7,778  </font></td>
<td align=right><font size=2>6,021   </font></td>
<td align=right><font size=2> 5.3    </font></td>
<td align=right><font size=2>5.8     </font></td></tr>

<tr>
<td><font size=2> Franchise expenses                </font></td>
<td align=right><font size=2> 283   </font></td>
<td align=right><font size=2> 286   </font></td>
<td align=right><font size=2> 0.5   </font></td>
<td align=right><font size=2> 0.7   </font></td>
<td align=right><font size=2> 777   </font></td>
<td align=right><font size=2> 797   </font></td>
<td align=right><font size=2> 0.5  </font></td>
<td align=right><font size=2> 0.8   </font></td></tr>



<tr>
<td><font size=2> Other depreciation and  </font></td>  </tr>
<tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; amortization </font></td>
<td align=right><font size=2> 1,464  </font></td>
<td align=right><font size=2> 952  </font></td>
<td align=right><font size=2> 2.4  </font></td>
<td align=right><font size=2> 2.3  </font></td>
<td align=right><font size=2> 3,653  </font></td>
<td align=right><font size=2> 2,756  </font></td>
<td align=right><font size=2> 2.5  </font></td>
<td align=right><font size=2> 2.6  </font></td></tr>

<tr><td><font size=2>Interest expense, net</font></td>
<td align=right><font size=2>3,898    </font></td>
<td align=right><font size=2>1,942     </font></td>
<td align=right><font size=2>6.5     </font></td>
<td align=right><font size=2>4.7     </font></td>
<td align=right><font size=2>9,017     </font></td>
<td align=right><font size=2>4,771     </font></td>
<td align=right><font size=2>6.2     </font></td>
<td align=right><font size=2> 4.6    </font></td></tr>


<tr><td><font size=2>    Other expenses  </font></td>
<td align=right><font size=2>8,740 </font></td>
<td align=right><font size=2>-  </font></td>
<td align=right><font size=2>14.5  </font></td>
<td align=right><font size=2> - </font></td>
<td align=right><font size=2>8,618  </font></td>
<td align=right><font size=2>346  </font></td>
<td align=right><font size=2>5.9  </font></td>
<td align=right><font size=2>0.3  </font></td></tr>

<tr><td colspan=9><hr size=1 noshade></td></tr>
</TABLE>



<p align=center><font size=2><b> Quarter Comparison</b></font></p>

<p><font size=2><I>Region Expenses</I><BR><BR>

Region expenses  increased $1.0 million,  or 35%, in the third quarter of fiscal 2001 over the third quarter of the
last fiscal year,  primarily as a result of the increase in personnel (i.e.,  collections and customer  support) to
support the  Company's  offering of the loan  product  from GNB.  Region  expenses  decreased  as a  percentage  of
revenues to 6.2% in the third quarter of fiscal 2001 from 6.7% in the third quarter of the last fiscal year.<BR><BR>

<PAGE>


<I>Headquarters Expenses</I><BR><BR>

Headquarters  expenses  increased $0.7 million,  or 28%, in the third quarter of fiscal 2001 from the third quarter
of the last fiscal  year,  principally  as a result of  additional  personnel  and the  corresponding  salaries and
benefits.  Headquarters  expenses  decreased  as a  percentage  of revenues to 5.0% in the third  quarter of fiscal
2001 from 5.7% in the third quarter of the last fiscal year.<BR><BR>

<I>Franchise Expenses</I><BR><BR>

Franchise  expenses remained  consistent at $0.3 million in the third quarter of fiscal 2001 from the third quarter
of the last fiscal year.<BR><BR>

<I>Other Depreciation and Amortization</I><BR><BR>

<PAGE>
Other  depreciation and amortization  increased $0.5 million,  or 54%, in the third quarter of fiscal 2001 from the
third quarter of the last fiscal year, due primarily to increased acquisitions of stores.<BR><BR>

<I>Other Expenses</I><BR><BR>

Other expenses increased by $8.7 million in the third quarter of fiscal 2001 from the third  quarter of the last
fiscal year due to the $8.7 million expense for the costs associated with closing 85 unprofitable or
underperforming stores owned and operated by the Company.  The store-closing expense consists primarily of costs
associated with goodwill and non-compete write-offs, fixed asset and inventory disposals, lease terminations, and
employee severance related to the store closings, which is expected to be complete by June 30, 2001.  Additional
information about the store-closing expense is presented below under "--Restructuring Charges-- Accelerated Store
Closings."<BR><BR>

<I>Interest Expense</I><BR><BR>

Interest expense,  net of interest income,  increased $2.0 million, or 101%, in the third quarter of fiscal 2001 as
compared to the third  quarter of the last fiscal year.  This  increase was the result of an increase in borrowings
used to finance store openings and acquisitions and the growth in the GNB loan product.<BR><BR>

<I>Income Taxes</I><BR><BR>

A credit of $2.8  million was recorded  for income  taxes in the third  quarter of fiscal 2001,  compared to a $3.3
million  provision  for the third quarter of the last fiscal year.  The  provision for income taxes was  calculated
based on a statutory  federal  income tax rate of 34%, plus a provision  for state income taxes and  non-deductible
goodwill resulting from acquisitions.</font></p>

<p align=center><font size=2><b>                                               Nine Month Comparison</b></font></p>
<p><font size=2>
<I>Region Expenses</I><BR><BR>
Region  expenses  increased  $2.4  million,  or 31%,  in the first nine  months of fiscal  2001 over the first nine
months of the last  fiscal  year,  primarily  as a result of the  increase  in  personnel  (i.e.,  collections  and
customer  support) to support the Company's  offering of the loan product from GNB. Region expenses  decreased as a
percentage  of  revenues  to 7.0% in the first nine months of fiscal 2001 from 7.5% in the first nine months of the
last fiscal year.<BR><BR>

<I>Headquarters Expenses</I><BR><BR>

Headquarters  expenses increased $1.8 million,  or 29%, in the first nine months of fiscal 2001 over the first nine
months of the last  fiscal  year,  principally  as a result of additional personnel and the corresponding salaries and benefits.
Headquarters expenses  decreased  as a  percentage  of revenues to 5.3% in the first nine months of fiscal 2001 from 5.8% in the
first nine months of the last fiscal year.<BR><BR>
<PAGE>


<I>Franchise Expenses</I><BR><BR>

Franchise  expenses  remained  consistent  at $0.8 million for the first nine months of fiscal 2001 compared to the
first nine months of the last fiscal year.<BR><BR>

<I>Other Depreciation and Amortization</I><BR><BR>

Other  depreciation and amortization  increased $0.9 million,  or 33%, in the first nine months of fiscal 2001 from
the first nine months of the last fiscal year, primarily due to increased acquisitions of stores.<BR><BR>

<I>Other Expenses</I><BR><BR>

Other expenses increased by $8.3 million in the first nine months of fiscal 2001 from the first nine months of
the last fiscal year  due primarily to the $8.7 million expense in the third quarter of fiscal 2001 for the costs
associated with closing 85 unprofitable or underperforming stores owned and operated by the Company. The
store-closing expense consists primarily of costs associated with goodwill and non-compete write-offs, fixed
asset and inventory disposals, lease terminations, and employee severance related to the store closings, which is
expected to be complete by June 30, 2001.  Additional information about the store-closing expense is presented
below under "--Restructuring Charges-- Accelerated Store Closings."<BR><BR>

<I>Interest Expense</I><BR><BR>

Interest expense,  net of interest income,  increased $4.2 million, or 89%, in the first nine months of fiscal 2001
as compared to the first nine  months of the last fiscal  year.  This  increase  was  principally  the result of an
increase in borrowings used to finance store openings and acquisitions and the growth in the GNB loan product.<BR><BR>

<I>Income Taxes</I><BR><BR>

A credit of $0.5  million was  recorded  for income  taxes in the first nine months of fiscal  2001,  compared to a
$5.0  million  provision  in the first nine months of the last fiscal  year.  The  provision  for income  taxes was
calculated  based on a statutory  federal  income tax rate of 34%,  plus a  provision  for state  income  taxes and
non-deductible goodwill resulting from acquisitions.<BR><BR>


<I>Cumulative Effect of Accounting Change</I><BR><BR>

Effective  July 1, 1999,  the Company  adopted the new  accounting  standard,  AICPA  Statement  of Position  98-5,
"Reporting  on the Costs of Start-up  Activities,"  resulting in a cumulative  effect on net income of $0.6 million
net of an income tax benefit of $0.4 million.<BR><BR>

<I>Restructuring Charges - Accelerated Store Closings</I><BR><BR>

In the third quarter of fiscal 2001, the Company recorded charges for the costs associated with closing 85
unprofitable and underperforming stores.  The store-closing expense of $8.7 million consists primarily of costs
associated with goodwill and non-compete write-offs, fixed asset and inventory disposals, lease terminations, and
employee severance related to the store closings.  The following table reflects the components of the significant
items reported as restructuring charges for the quarter ended March 31, 2001 and the accrual balance as of March
31, 2001:</font></p>


<table width=95% cellpadding=1 cellspacing=1 border=0>
<tr><th width=45%></th>  <th width=15%></th>   <th width=15%></th> <th width=15%></th> </tr>

<tr><th width=45%></th>  <th width=15%><font size=2>   Original</font></th>    <th width=15%><font size=2>   Write-offs </font></th>    <th width=15%><font size=2>    Accrual Balance</font></th>    </tr>
<tr><th width=45%></th>  <th width=15%><font size=2>     Restructuring</font></th>    <th width=15%><font size=2>       through</font></th>    <th width=15%><font size=2> as of</font></th></tr>
 <tr><th width=45%></th>  <th width=15%><font size=2>  Charge</font></th>    <th width=15%><font size=2>                                March 31, 2001</font></th>    <th width=15%><font size=2>March 31, 2001</font></th></tr>

<tr><td></td><td colspan=3><hr size=1 noshade></td></tr>
<tr><td></td><td colspan=3 align=center><font size=2><I>(dollars in millions)</I></font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td><font size=2>  &nbsp;&nbsp;&nbsp;&nbsp; Net book value of assets</font></td><td align=center><font size=2> $2.5  </font></td><td align=center><font size=2>               ($2.5)  </font></td><td align=center><font size=2>                $ -</font>
</td></tr>
<tr><td><font size=2>  &nbsp;&nbsp;&nbsp;&nbsp; Goodwill and non-compete   </font></td><td align=center><font size=2>                                   2.6  </font></td><td align=center><font size=2>                (2.6)   </font></td><td align=center>
<font size=2>                -</font></td></tr>
<tr><td><font size=2>  &nbsp;&nbsp;&nbsp;&nbsp;  Remaining lease obligations   </font></td><td align=center><font size=2>  2.8 </font></td><td align=center><font size=2>   -   </font></td><td align=center><font size=2>                 2.8</font></td></tr>

<tr><td><font size=2>  &nbsp;&nbsp;&nbsp;&nbsp;  Other including severance costs and store clean-up </font></td><td align=center><font size=2>  0.8     </font></td><td align=center><font size=2>             (0.4)  </font></td><td align=center><font size=2>
                0.4</font></td></tr>
<tr><td></td><td colspan=3><hr size=1 noshade></td></tr>
 <tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total    </font></td><td align=center><font size=2>                                               $8.7     </font></td><td align=center><font size=2>           ($5.5)  </font></td><td align=center>
<font size=2>              $3.2</font></td></tr>
<tr><td></td><td colspan=3><hr size=2.5 noshade></td></tr>
</TABLE>

<PAGE>

<p><font size=2>
The decision to close these unprofitable or underperforming stores was made in order to benefit future
operations. Typically, these stores would be closed at various times over the next two or three years depending
on the circumstances of each store and its local market.  Frequently, the Company's decision to close a store is
made to coincide with the expiration of the store lease.  The Company determined, however, that closing these
stores in this manner would permit better use of its capital and other resources, which (the Company believes)
would improve the profitability of its overall operations. As of May 10, 2001, 80 of the 85 stores have already been closed, and the
remainder are expected to be closed before June 30, 2001.  The 85 stores planned for closing constitute
approximately 8 percent of the Company's owned locations.<BR><BR>

The following table presents the unaudited pro forma results of operations of the 85 stores scheduled for closing
for the three months and nine months ended March 31.</font></p><BR>

<table width=80% cellpadding=1 cellspacing=1 border=0>
<tr><th width=40%></th><th colspan=2><font size=2><B> Actual Unaudited Results of </B></font></th></tr>
<tr><th></th><th colspan=2><font size=2><B> <U> 85 Stores to be Closed</U></B></font></th></tr>
<tr><th></th><th><font size=2> <B>Three Months Ended </B></font></th><th><font size=2><B>Nine Months Ended</B> </font></th></tr>
<tr><th></th><th><font size=2><b> <U>March 31, 2001 </U> </B></font></th><th><font size=2><B><U>March 31, 2001</U></B> </font></th></tr>
<tr><td></td><td colspan=2 align=center><font size=2> <I>(dollars in thousands, except per share data)</I></font></td></tr>

    <tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues  </font></td><td align=center><font size=2>   $1,898 </font></td><td align=center><font size=2>                  $4,720</font></td></tr>
  <tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       Income (loss) before taxes</font>    </td><td align=center><font size=2>               (578)</font>  </td><td align=center><font size=2>                 (2,462)</font></td></tr>
  <tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       Net income (loss)  </font>      </td><td align=center><font size=2>                    (347) </font> </td><td align=center><font size=2>                 (1,477)</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>

  <tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       Basic earnings (loss) per share </font> </td><td align=center><font size=2>           (0.03)</font>   </td><td align=center><font size=2>                 (0.15)</font></td></tr>
  <tr><td><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       Diluted earnings (loss) per share  </font>     </td><td align=center><font size=2>    (0.03)</font>  </td><td align=center><font size=2> (0.14)</font></td></tr>

</TABLE>
<p><font size=2><B>Balance Sheet Variations</B><BR><BR>

Cash and cash equivalents,  the money order principal payable,  and the revolving advances vary because of seasonal
and  day-to-day   requirements   resulting  from   maintaining   cash  for  cashing  checks  and  purchasing   loan
participations,  receipts of cash from the sale of money  orders and from  participation  interests  in loans,  and
remittances  for money orders sold.  For the nine months ended March 31, 2001 and 2000,  cash and cash  equivalents
increased $52.7 million compared to an increase of $35.2 million for the nine months ended March 31, 2000.<BR><BR>

Property and equipment,  net,  increased by $1.1 million due to the 36 stores opened and 131 stores acquired during
the nine months ended March 31, 2001,  offset by the related  depreciation and the $2.5 million  write-off of fixed
assets as part of the  restructuring  charges for the closing of 85 unprofitable or underperforming  stores.  The
excess purchase price over the fair value of net assets  acquired,  net,  increased  $30.6 million,  as a result of
the 131  stores  acquired,  including  the  107-store  acquisition  described  in Note 5 to the  Interim  Unaudited
Consolidated  Financial  Statements  above,  during the nine  months  ended March 31,  2001,  offset by the related
amortization and $2.6 million  goodwill  write-off as part of the  restructuring  charges related to the closing of
the 85 unprofitable or underperforming stores.<BR><BR>

<B>Liquidity and Capital Resources</B><BR><BR>

<I>Cash Flows from Operating Activities</I><BR><BR>

During the nine months ended March 31, 2001 and 2000,  the Company had net cash  provided by  operating  activities
of $32.4 million and $16.1 million,  respectively.  The increase in cash flows  provided from operating  activities
in the nine months  ended March 31,  2001 was the result of the timing of daily  remittances  to product or service
providers (such as MoneyGram  Payment  Systems,  Inc.,  Travelers  Express Company Inc., and Goleta National Bank),
and the collection of MoneyGram receivables outstanding at June 30, 2000.)<BR><BR>

<I>Cash Flows from Investing Activities</I><BR><BR>

During  the nine  months  ended  March  31,  2001 and  2000,  the  Company  used  $9.5  million  and $9.6  million,
respectively,  for purchases of property and equipment  related  principally  to new store  openings and remodeling
existing  stores.  Capital  expenditures for acquisitions  were $36.1 million and $7.1 million,  respectively,  for
the nine months  ended March 31, 2001 and 2000,  related to the 131 stores  acquired  during the nine months  ended
March 31, 2001 and the 23 stores acquired during the nine months ended March 31, 2000.<BR><BR>
<PAGE>

<I>Cash Flows from Financing Activities</I><BR><BR>

Net cash provided by financing  activities for the nine months ended March 31, 2001 was $65.9 million.  The balance
of daily  remittances  due to the money order supplier  increased $8.5 million from June 30, 2000 due to the timing
of  remittances.  The Company  increased its net borrowings  under its revolving  line-of-credit  facility from the
bank lenders (as described  below) by $23.5  million from June 30, 2000 due to the  increased  number of stores and
daily  fluctuations  in cash  requirements.  The Company  increased  its  borrowings  under the reducing  revolving
(formerly  term-loan)  facility  from the bank lenders (as  described  below) by $37.5 million since June 30, 2000,
primarily to fund the  acquisitions  of a total of 131 stores  through  March 31, 2001.  Acquisition-related  notes
payable to sellers  increased by $0.1 million  during the nine months ended March 31, 2001.  Senior  secured  notes
payable of $12.0  million  decreased  $3.8  million for the nine months  ended March 31,  2001,  as a result of the
Company's  payment of the second  annual  installment  of principal of $4.0 million in November  2000.  The Company
purchased  $0.3 million of treasury  stock since June 30, 2000.  Net cash provided by financing  activities for the
nine months ended March 31, 2000, was $35.9 million.<BR><BR>

The Company has two credit facilities available under its existing amended and restated credit agreement with a
syndicate of banks led by Wells Fargo Bank Texas, National Association. The Company's revolving line-of-credit
facility of $155 million is available until November 8, 2001.  Borrowings under this revolving line-of-credit facility may be used for working
capital and general corporate purposes.  The Company's other facility is a reducing revolving facility that
allows the Company to borrow (and repay and reborrow) amounts until November 9, 2003.  The maximum amount of
credit available to the Company under this reducing revolving facility is $65 million, but is subject to
reduction on October 1, 2001, and each quarter thereafter, by $4.375 million.  This reducing revolving facility
replaced the term-loan facility under the preceding credit agreement (which permitted borrowing only on a
one-time, non-revolving basis). Borrowings under this reducing revolving facility may be used for store
construction and relocation and other capital expenditures, including acquisitions, and refinancing other
indebtedness of the Company.  The Company had borrowed $118.5 million under its revolving line-of-credit facility
and $56.0 million under its reducing revolving facility as of March 31, 2001.<BR><BR>

The Company's borrowings under the revolving line-of-credit facility bear interest at a variable annual rate
equal to, at the Company's discretion, either the prime rate publicly announced by Wells Fargo Bank from time to
time or the London InterBank Offered Rate (LIBOR) plus 0.75%.  The Company's borrowings under the reducing
revolving facility bear interest at a variable annual rate equal to, at the Company's discretion, either the
prime rate publicly announced by Wells Fargo Bank from time to time plus 0.25% or LIBOR plus 2.375% (but subject
to adjustment quarterly, beginning March 31, 2001, within a range of 2.125% to 2.625% above LIBOR, depending on
the Company's debt-to-cash flow ratio).  Interest is generally payable monthly, except on LIBOR-rate borrowings;
interest on LIBOR-rate borrowings is payable every 30, 60, or 90 days, depending on the period selected by the
Company.  The Company must also pay a commitment fee for each of the credit facilities.  The commitment fee for
the revolving line-of-credit facility is equal to 0.25% per annum of the average daily unused portion of that
facility; and the commitment fee for the reducing revolving facility is equal to 0.375% per annum of the average
daily unused portion of that facility through March 31, 2001, but thereafter varies within a range of 0.3% to
0.5% per annum of the average daily unused portion of that facility, depending on the Company's debt-to-cash flow
ratio after March 31, 2001.<BR><BR>

To reduce its risk of greater  interest  expense  because of  interest-rate  fluctuations,  the Company has entered
into  interest-rate  swap  agreements,  which  effectively  converted  a  portion  of  its  floating-rate  interest
obligations to fixed-rate  interest  obligations,  as described in Notes 2 and 3 to Interim Unaudited  Consolidated
Financial Statements above.<BR><BR>

<I>Stock Repurchase Program</I><BR><BR>

In  August  1999,  the  Company's  Board  of  Directors  authorized  the  repurchase  from  time  to  time of up to
approximately  $4 million of the  Company's  Common  Stock in the open  market or in  negotiated  transactions.  In
August 2000,  the Company's  Board of Directors  authorized  the  repurchase  from time to time of an additional $1
million of the Company's  Common Stock.  This stock  repurchase  program will remain in effect unless  discontinued
by the Board of Directors.  As of March 31, 2001,  the Company had  repurchased  211,400 shares at an average price
of $12.80 per share.<BR><BR>
<PAGE>


<B>Operating Trends</B><BR><BR>

<I>Seasonality</I><BR><BR>

The  Company's  business  is  seasonal  to the  extent of the impact of  cashing  tax refund  checks and tax refund
anticipation  loan  checks.  The impact of these  services  is in the third and fourth  quarters  of the  Company's
fiscal year.<BR><BR>

<I>Impact of Inflation</I><BR><BR>

Management believes the Company's results of operations are not dependent upon the levels of inflation.<BR><BR>

<B>Forward-Looking Statements</B><BR><BR>

This  Report  contains,  and  from  time  to  time  the  Company  or  certain  of  its  representatives  may  make,
"forward-looking  statements"  within the meaning of Section 27A of the  Securities  Act of 1933,  as amended,  and
Section 21E of the Securities  Exchange Act of 1934, as amended.  These statements are generally  identified by the
use of words such as "anticipate,"  "expect,"  "estimate,"  "believe,"  "intend,"  "plan,"  "should,"  "would," and
terms with similar  meanings.  Although the Company believes that the current views and  expectations  reflected in
these  forward-looking  statements are reasonable,  those views and expectations,  and the related statements,  are
inherently subject to risks,  uncertainties,  and other factors,  many of which are not under the Company's control
and may not even be predictable.  Those risks,  uncertainties,  and other factors could cause the actual results to
differ materially from these in the forward-looking statements.  Those risks,  uncertainties,  and factors include,
but are not limited to, many of the matters  described in the  Company's  Annual Report on Form 10-K for its fiscal
year ended June 30, 2000,  this Report,  and its other filings with the  Securities  and Exchange  Commission:  the
Company's  relationships  with  Travelers  Express and its  affiliates,  with Goleta  National  Bank,  and with the
Company's secured lenders;  governmental  regulation of  check-cashing,  short-term  consumer lending,  and related
financial  services  businesses;  theft and employee errors;  the availability of suitable  locations,  acquisition
opportunities,  adequate  financing,  and  experienced  management  employees to  implement  the  Company's  growth
strategy;  the  fragmentation of the  check-cashing  industry and competition  from various other sources,  such as
banks, savings and loans,  short-term consumer lenders,  and other similar financial services entities,  as well as
retail  businesses  that  offer  products  and  services  offered  by the  Company;  the terms and  performance  of
third-party  products  and  services,  offered at the  Company's  locations;  and  customer  demand and response to
products  and  services  offered by the  Company.  The  Company  does not  assume,  but  expressly  disclaims,  any
obligations  to release  publicly  any updates or  revisions  to these  forward-looking  statements  to reflect any
change in its views or  expectations.  The Company makes no prediction or statement  about the  performance  of its
Common Stock.<BR><BR>

<b>ITEM 3.  <A NAME="toc6">QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</A></b><BR><BR>

The Company is exposed to financial  market  risks,  particularly  including  changes in interest  rates that might
affect the costs of its financing  under its credit  agreement  with a syndicate of bank  lenders.  To mitigate the
risks of changes in interest rates, the Company utilizes  derivative  financial  instruments.  The Company does not
use derivative financial instruments for speculative or trading purposes.<BR><BR>

To reduce its risk of greater  interest  expense upon a rise in the prime rate or LIBOR,  upon which the  Company's
floating-rate  interest  obligations  under its credit  agreement  are based,  the Company  has entered  into three
interest-rate  swap  agreements  with Bank of America and one  interest-rate  swap agreement with Wells Fargo Bank.
Those  agreements  effectively  converted  a  portion  of  the  Company's  floating-rate  interest  obligations  to
fixed-rate  interest  obligations,  as  described  in Notes 2 and 3 to  Interim  Unaudited  Consolidated  Financial
Statements above in this Report.  As of March 31, 2001, only one of the interest-rate swaps remained in effect.<BR><BR>

The fair value of the Company's existing interest-rate swap was ($2.1) million as of March 31, 2001.</font></p>

<PAGE>

<p align=center><font size=2><B>PART II. OTHER INFORMATION</b></font>

<p> <font size=2><b><A NAME="toc7">ITEM 1. LEGAL PROCEEDINGS</A></B><BR><BR>

In the lawsuit Wendy Betts,  John Cardegna and Donna Reuter v. Ace Cash  Express,  Inc., et al.,  filed against the
Company in the Florida  state  Circuit Court in Orange  County,  Florida,  the court denied the motion to intervene
filed by the  Attorney  General  of the State of  Florida.  A hearing  on the  Company's  Motion  to  Dismiss  with
prejudice is scheduled for May 29, 2001.<BR><BR>

On March 28, 2001, in the consolidated lawsuit filed against the Company, now in the Florida state Circuit Court
in Hillsborough County, Florida, Eugene R. Clement v. Ace Cash Express, Inc. and Neil Gillespie v. Ace Cash
Express, Inc., the court granted the motion to intervene filed by the Attorney General of the State of Florida.
Accordingly, in mid-April 2001, the Florida Attorney General filed an intervenor complaint, adding as a plaintiff
the State of Florida, Office of the Attorney General, Department of Legal Affairs.  The complaint also names as
defendants, in addition to the Company, the Company's Chairman of the Board, Raymond C. Hemmig, the Company's
Chief Executive Officer, Donald H. Neustadt, and two other current or former employees of the Company.  Like the
other plaintiffs' pending consolidated complaint, the intervenor complaint alleges violations of the Florida
usury laws and the Florida Deceptive and Unfair Trade Practices Act.  In addition, the intervenor complaint
alleges violations of the Florida Racketeering Influenced and Corrupt Organization (RICO) Act by the Company and
the other named defendants.  The complaint seeks all remedies available under the Florida RICO Act, including the
civil forfeiture of all money and other property of the Company used in, derived from, or realized through the
Company's deferred-deposit activities in Florida, the revocation of each license or permit of the Company granted
by any Florida state agency, and an injunction against future violations of usury laws or the Florida RICO Act.
The complaint also seeks, because of other alleged violations of Florida laws, the payment to Florida consumers
of actual damages caused by the Company's illegal activities, the payment to the State of Florida of certain
civil penalties, the divestiture of any interest of the Company in Florida real property, and the payment of
attorneys' fees and costs.  The Company denies all of the Florida Attorney General's material allegations in the
intervenor complaint and intends to continue to vigorously defend this lawsuit.<BR><BR>

On March 22, 2001, the Company was served with a class-action complaint, which was filed in the state Circuit
Court of Pulaski County, Arkansas in December 2000, in a lawsuit entitled Mayella Veasey, et al. v. Ace Cash
Express, Inc.  The plaintiff, for herself and others similarly situated, alleges that the Company's
deferred-presentment (also commonly known as "payday loan") transactions in Arkansas from June 15, 1999 to May 1,
2000 violated the usury laws of Arkansas.  The plaintiff is represented by the same counsel that represented the
plaintiffs in the previous lawsuit against the Company in Arkansas regarding deferred-presentment transactions.
That previous lawsuit, which was settled by the Company in October 2000, related to the Company's
deferred-presentment transactions in Arkansas through June 15, 1999, when a statute that expressly authorized
such transactions, the Check Cashers Act, became effective in Arkansas.  The Company believes that this new
lawsuit was prompted by the recent decision of the Arkansas Supreme Court to the effect that a portion of the
Check Cashers Act was unconstitutional insofar as it may purport to construe or define the usury provisions of
the Arkansas Constitution.  That decision did not, however, address the legality of any deferred-presentment
transaction effected under the Check Cashers Act.  Because the Company became able to offer at its locations
short-term loans made by Goleta National Bank, the Company has not entered into any deferred-presentment
transactions at its locations in Arkansas since May 1, 2000.  The complaint seeks damages in an amount equal to
twice the amount paid by customers of deferred-presentment transactions in Arkansas during the specified
10 1/2-month period as well as reasonable attorneys' fees and costs.  Because this lawsuit purports to be a class
action, the amount of damages for which the Company might be responsible, even if the plaintiffs' allegations are
upheld by the court, is necessarily uncertain.  But the Company has determined that, if the court were to certify
this lawsuit as a class action and if all of the plaintiff's allegations on behalf of the class were proven at
trial, the damages requested from the Company (apart from attorneys' fees and costs would be less than $1
million.  Nevertheless, there has been no court hearing regarding class certification, and the Company denies all
of the plaintiff's allegations.  There has been no court hearing regarding class certification, and the Company
denies all of the plaintiff's allegations.  The Company believes that the deferred-presentment transactions
complied with the Check Cashers Act, including the limitations on fees described in the Check Cashers Act, and
that the fees received by the Company did not constitute usurious interest that would violate the Arkansas
Constitution.  The Company intends to vigorously defend this lawsuit.<BR><BR>

In the lawsuit, Shirley Porter and Joyce Davis v. Ace Cash Express, Inc., the United States District Court for
the Eastern District of Louisiana dismissed all of the plaintiffs' claims with prejudice on October 27, 2000.
The plaintiffs have filed a notice of appeal with the federal Court of Appeals for the Fifth Circuit.  The
plaintiffs' appellant brief was filed on May 2, 2001, and the Company will file a reply brief by early June 2001.</font></p>
<PAGE>



<p><font size=2><B><A NAME="toc8">ITEM 2.  CHANGES IN SECURITIES</A></B><BR>
None<BR><BR>

<B><A NAME="toc9">ITEM 3.  DEFAULTS UPON SENIOR SECURITIES</A></B><BR>
None<BR><BR>

<B><A NAME="toc10">ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS</A></B><BR>
None<BR><BR>

<B><A NAME="toc11">ITEM 5. OTHER INFORMATION</A></B><BR>
None<BR><BR>

<B><A NAME="toc12">ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K</A></B><BR><BR>

 (a)  Exhibits</font><BR><BR>

<table width=100% cellpadding=1 cellspacing=1 border=0>
<tr><th width=5%></th><th width=12%></th><th width=70%></th></tr>
<tr><td></td><td width=12%><font size=2> <U> Exhibit Number</U> </font></td><td width=70%><font size=2><U>Exhibit</u></font></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td><font size=2> 10.51</font></td> <td> <font size=2> Form of Amendment to Change-in-Control Executive Severance Agreement between
the Company and each of its four senior executive officers (Donald H.
Neustadt, Jay B. Shipowitz, Raymond E. McCarty, and Debra A. Bradford) dated
as of January 3, 2001.</font></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td></td><td><font size=2> 10.52 </font></td> <td> <font size=2> Amendment Number 1 to Master Loan Agency Agreement, with the corresponding
Amendment Number 1 to Master Loan Participation Agreement and Amendment Number
1 to Schedule of Interest and Fees, dated as of March 29, 2001, between the
Company and Goleta National Bank. (Application for confidential treatment for
a portion of this document has been submitted to the Securities and Exchange
Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934.)</font></td></tr>
</TABLE>


<p><font size=2>(b)   Reports on form 8-K<BR><BR>

         None</font></p>
<p align=center><B><font size=2>                                                    SIGNATURES</font></b><BR><BR>

<p><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.</font></p>
<p align=right><font size=2> <U>ACE CASH EXPRESS, INC.</U></font></p>
<p><font size=2>      May 14, 2001 </font></p>

<p align=right><font size=2><U> /s/  CONNIE S. ANGELOT</U><BR>
                                                                                 Connie S. Angelot<BR>
                                                                                     Vice President and Controller<BR>
                                                                                     (Chief accounting officer)<BR><BR>

                  <U>/s/  JAY B. SHIPOWITZ</U>       <BR>
                                                                                     Jay B. Shipowitz<BR>
                                                                                     President and Chief<BR>
                                                                                Operating Officer<BR>
                                                                                     (Duly authorized officer)<BR>
</font></p>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.51FORMOFAMENDM
<SEQUENCE>2
<FILENAME>changeincontrol.htm
<DESCRIPTION>CHANGE-IN-CONTROL EXECUTIVE SEVERANCE AGREEMENT
<TEXT>

<HTML>
<HEAD>
<TITLE> 3rd Quarter 10-Q
</TITLE>
</HEAD>
<BODY>

<P align=center><font size=2><B> AMENDMENT TO<BR>
CHANGE-IN-CONTROL EXECUTIVE SEVERANCE AGREEMENT</B></font><p>



<p><font size=2> This Amendment to Change-in-Control Executive Severance Agreement (this <U>"Amendment"</U>), effective as of January 3,
2001, is between Ace Cash Express, Inc., a Texas corporation (the <U>"Company"</U>), and <U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the
<U>"Executive"</U>).</font></p>


<p align=center><font size=2> <U>Background</U></font></p><BR>

<OL>
<LI> <font size=2>The Company and the Executive are parties to the Change-in-Control Executive Severance Agreement dated
as of <U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the <U>"Original Agreement</U>"), which is still in effect.</font><BR><BR>


<LI><font size=2> The Company and the Executive wish to amend the Original Agreement to provide for payment of severance
or employment-termination compensation in one lump sum rather than in two installments.</font>
</OL>
<p align=center> <font size=2> <U> Agreement</U></font></p><BR>


<P><font size=2>  The Company and the Executive agree as follows:</font>

<OL>
<li><font size=2>  <U>Defined Terms</U>. Unless otherwise defined in this Amendment, capitalized terms used in this Amendment
have the respective meanings given them in the Original Agreement.<BR><BR></font>

<li><font size=2>  <U>Section 3 Amendment</U>. Subsections (b) and (c) of Section 3 of the Original Agreement are amended to read
in their entirety as follows:</font><BR><BR>

<blockquote><font size=2> (b.) Make the Severance Payment in cash within five Business Days after the
Severance Payment Event.</font></blockquote>

<blockquote> <font size=2>Provide or arrange to provide the Executive (whether or not under any Welfare
Benefit Plan then maintained), at the Company's sole expense and for the
Benefit Continuation Period, Welfare Benefits that are substantially the same
the Welfare Benefits provided to the Executive (and the Executive's dependents
and beneficiaries) immediately before the Severance Payment Event, except that
the Welfare Benefits to which the Executive is entitled under this subsection
(c) will be subject to the Executive's compliance with Section 4 and will be
reduced to the extent that comparable welfare benefits are received by the
Executive from an employer other than the Company or any Subsidiary during the
Benefit Continuation Period. (The fact that the cost of the participation by
the Executive, or the Executive's dependents or beneficiaries, in any Welfare
Benefit Plan was paid indirectly by the Company, as a reimbursement or a
credit to the Executive, before the Severance Payment Event does not mean that
the corresponding Welfare Benefits were not "provided to the Executive" by the
Company for the purpose of this subsection (c).)</font></blockquote>


<li>  <font size=2><u>Section 4 Amendment.</U> Subsection (e) of Section 4 of the Original Agreement is amended to read in its
entirety as follows:</font><BR><BR>


<blockquote> <font size=2>(e.) The Executive's compliance with this Section 4 is a condition to the Company's
obligation to continue to provide Welfare Benefits to the Executive under
subsection (c) of Section 3; the Company may refuse to continue providing
those Welfare Benefits if there is any such noncompliance. The Company shall
have the burden of proof regarding any question of the Executive's compliance
or noncompliance with this Section 4.</font></blockquote>

<li><font size=2><u>Section 7 Amendment</U>. The second sentence of Section 7 of the Original Agreement is amended to read in
its entirety as follows:</font><BR><BR>

T<font size=2>he amount of the Severance Payment and, except as stated in subsection (c) of
Section 3 and in subsection (e) of Section 4, any other severance benefit
provided or to be provided to the Executive by the Company under Section 3
shall not be reduced by any compensation earned by the Executive as the result
of any other employment, consulting relationship, or other business activity.</font><BR><BR>

<li> <font size=2><u>Remaining Parts of Agreement.</U> Except as amended by this Amendment, all provisions of the Original
Agreement shall continue in full force and effect as written. In the event of any conflict or
inconsistency between the terms of this Amendment and the terms of the Original Agreement, the terms of
this Amendment shall control.</font><BR><BR>

<li> <font size=2><U> Miscellaneous</U>. This Amendment shall be enforced and construed under Texas law. No amendment or waiver
of any provision of this Amendment shall be effective unless set forth in a writing signed by both
Parties. This Amendment may be signed in counterparts, each of which is an original and all of which
constitute one, and the same, document.</font><BR><BR>
</OL>
<font size=2>
The Parties have signed this Amendment to be effective as of the date set forth in the first paragraph.</font>
<BR><BR>

<table width=100% cellpadding=1 cellspacing=1 border=0>
<TR><Th width=50% align=left><font size=2><U>Company:</u></font></th><th width=50% align=left><font size=2><u>Executive:</u></font></th></TR>
<tr><td></td></tr>
<tr><td><font size=2> ACE CASH EXPRESS, INC.</font></td><td></td></tr>
<tr><td></td> <td><hr width=85% align=left></td></tr>
<tr><td></td></tr>
<tr><td></td></tr>
<tr><td><font size=2>By:</font><hr width=85% align=center></td></tr>

</TABLE>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.52AMENDMENTNUM
<SEQUENCE>3
<FILENAME>amendment1.htm
<DESCRIPTION>AMENDMENT NUMBER 1 TO MASTER LOAN AGENCY AGREEMENT
<TEXT>

<HTML>
<HEAD>
<TITLE> Amendment I - Master Loan Agency Agreement
</TITLE>
</HEAD>
<BODY>

<p align=center><font size=2><B> AMENDMENT NUMBER 1 TO<BR>
MASTER LOAN AGENCY AGREEMENT</B></font></p><BR>


<p> <font size=2>&nbsp;&nbsp;&nbsp; This Amendment Number 1 to Master Loan Agency Agreement (this "Amendment") is made as of this 29th day of March, 2001, by
and between Goleta National Bank, a national banking association ("GNB"), and Ace Cash Express, Inc., a Texas corporation ("Ace"),
with regard to the following:</font></p>

<OL type=A>
<li> <font size=2>GNB and Ace entered into that certain Master Loan Agency Agreement dated August 11, 1999 (the "Agreement").<BR><BR>
</font>
<li> <font size=2>Section 11.7 of the Agreement permits GNB and Ace to amend the Agreement by a writing signed by them.</font><BR><BR>

<li> <font size=2>GNB, after consultation with the Bank Regulatory Authority, has determined that it is in the best interests of GNB
to implement certain revisions and adjustments to the origination, processing and collection of Bank Loans, which revisions and
adjustments are set forth in, and have been communicated to Ace in the form of, a set of compliance manuals, which may be amended
from time to time by GNB.</font><BR><BR>

<li> <font size=2>GNB and Ace wish to amend the Agreement to reflect revisions in their relationship as a result of the implementation
of the bank loan compliance manuals and as set forth herein.</font></OL>

<p> <font size=2>&nbsp;&nbsp;&nbsp; NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth, Ace and GNB
hereby agree as follows:</font><BR><BR>

<OL>
<li> <font size=2>The first sentence of Section 1.6(a) of the Agreement is hereby amended by deleting the "and" preceding "(ii),"
deleting the "." at the end of that sentence, and adding the following after clause (ii):</font><BR><BR>

<blockquote><font size=2> ", and (iii) Ace may offer, in lieu of Bank Loans, short-term loans substantially similar to the Bank Loans from one
or more other bank or other financial institution lenders in approximately * Locations, but not more than *
Locations, in the aggregate at any one time from the one or more other bank or other financial institution lenders."</font></blockquote>

<li><font size=2> Section 2.1 of the Agreement is hereby amended to read as follows:</font><BR><BR>

<blockquote><font size=2>"2.1 <U>Participation Agreement.</U> Contemporaneous with this Agreement, the Parties are entering into a Master Loan
Participation Agreement under which GNB agrees to sell to Ace, and Ace agrees to purchase from GNB, a * %
participation in each of the Bank Loans made by GNB from the Effective Date and prior to the POS Compliance
Date (as defined in Section 3.4(i)), and a* % participation in each of the Bank Loans made by GNB from and
after the POS Compliance Date. That Master Loan Participation Agreement (as amended by Amendment Number 1
to Master Loan Participation Agreement dated March 29, 2001) is <U>Exhibit D</U> to this Agreement."</font></blockquote>


<hr align=left width=25%><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential
treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the
Securities and Exchange Commission.</font><BR><BR>
<PAGE>

<li><font size=2> Section 3.2(f) of the Agreement is hereby amended to read as follows:</font><BR>

<blockquote><font size=2>"(f) GNB will pay Ace the portion of the ATM charges received by GNB described in, and in accordance with,
<U> Exhibit E</U> to this Agreement (as amended by Amendment Number 1 to Schedule of Interest and Fees dated March
29, 2001)."</font></blockquote>

<li> <font size=2>The following is hereby added as Section 3.2(h) of the Agreement:</font>

<blockquote><font size=2>"(h) GNB has delivered to Ace, in written form, a set of manuals setting forth the policies, procedures,
training, and systems regarding the origination, processing, and collection of Bank Loans resulting from
GNB's consultation with the Bank Regulatory Authority through the date thereof, for Ace to implement and
make operational in order to serve as GNB's agent to facilitate and provide administrative services
regarding Bank Loans at Locations; a complete set thereof shall be delivered to Ace on or before April 27,
2001, and that complete set as so delivered and as identified separately by GNB to Ace as definitive as of
March 30, 2001, will collectively be the "<U>Initial Bank Loan Operating Manuals.</U>" (In this Agreement, "<U>Bank
Loan Operating Manuals</U>" refers collectively to the Initial Bank Loan Operating Manuals and the Initial Bank
Loan Operating Manuals as amended or revised, including any further amendment or revision, in any case as
in effect from time to time.) GNB may amend and revise the Bank Loan Operating Manuals, in its sole
discretion to reasonably comply with requirements or recommendations of the Bank Regulatory Authority, from
time to time, and shall deliver all such amendments and revisions to Ace; all such amendments and revisions
shall, upon their effectiveness in accordance with this Agreement, be deemed part of the "<U>Bank Loan Operating Manuals.</U>" GNB shall also conduct such training sessions for Ace's personnel regarding the Bank
Loan Operating Manuals, including any amendments and revisions thereto, as the Parties may deem necessary
or reasonably appropriate to permit or facilitate Ace's implementation and operation of the requirements of
the Bank Loan Operating Manuals or any amendments or revisions thereto, as the case may be."</font></blockquote>

<li><font size=2> The following is hereby added as Section 3.2(i) of the Agreement:</font>

<blockquote><font size=2>"(i) GNB shall pay its proportionate share, in accordance with its interest in the Bank Loans made from time to
time after giving effect to the participations in the Bank Loans sold to Ace, of all of the expenses of the
lobbying and related activities, regarding legislation and pending legislation affecting short-term loans,
which the Parties mutually determine to engage in or support from time to time during the Term; provided,
that the maximum amount GNB shall be obligated to pay for such expenses in any one year is $20,000, unless
the Parties agree otherwise; and provided further, that such lobbying and related activities shall not
involve any direct or indirect contribution, payment, distribution, loan, advance, deposit, gift of money
or any services, or anything of value to any candidate, campaign committee, political action committee or
political party or organization in connection with any election."</font></blockquote><BR><BR><BR>
<BR><hr align=left width=25%><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential
treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the
Securities and Exchange Commission.</font>
<PAGE>
<li> The following is hereby added as Section 3.4(i) of the Agreement:

<blockquote><font size=2>"(i) Ace shall use its commercially reasonable efforts in good faith to develop, implement and make operational
all revisions or adjustments to the POS System as are necessary to comply with the software requirements of
the Initial Bank Loan Operating Manuals, on or before 5:00 p.m., Pacific Time, on April 30, 2001, but in
any event, Ace shall develop, implement and make operational all adjustments to the POS System as are
necessary to comply with the software requirements of the Initial Bank Loan Operating Manuals not later
than 11:59:59 p.m., Pacific Time, on June 30, 2001. For purposes of this Agreement, the "<U>POS Compliance
Date</U>" shall mean the earlier of (i) the day on which Ace has developed, implemented, and made operational
all revisions or adjustments to the POS System necessary to comply with the software requirements of the
Bank Loan Operating Manuals as required in this Section 3.4(i), or (ii) July 1, 2001."</font></blockquote>

<li> <font size=2>The following is hereby added as Section 3.4(j) of the Agreement:</font>

<blockquote><font size=2>"(j) Ace shall use its commercially reasonable efforts in good faith to substantially comply with and implement
all of the terms, conditions, policies, and procedures required by the Initial Bank Loan Operating Manuals
on or before 5:00 p.m., Pacific Time, on April 30, 2001, but in any event, Ace shall comply with and
implement all of the terms, conditions, policies and procedures required by the Initial Bank Loan Operating
Manuals on or before 5:00 p.m., Pacific Time, on October 1, 2001 (the "<U>Final Compliance Date</U>"). In
addition, Ace shall take all action necessary to comply with and implement the terms, conditions, policies,
and procedures required by each amendment or revision to the Bank Loan Operating Manuals not later than 60
days from and after the date of delivery to Ace of such amendment or revision by GNB, when Ace must be in
compliance."</font></blockquote>

<li> <font size=2>The following is hereby added as Section 3.4(k) of the Agreement:</font>

<blockquote><font size=2>"(k) Ace shall pay its proportionate share, in accordance with its participations in the Bank Loans purchased
from GNB from time to time, of all of the expenses of the lobbying and related activities, regarding
legislation and pending legislation affecting short-term loans, which the Parties mutually determine to
engage in or support from time to time during the Term; provided, that such lobbying and related activities
shall not involve any direct or indirect contribution, payment, distribution, loan, advance, gift of money
or any services, or anything of value to a candidate, campaign committee, political action committee, or
political party or organization in connection with any election."</font></blockquote>

<li> <font size=2>Section 4.2(c) of the Agreement is hereby amended to read as follows:</font>

<blockquote><font size=2>"(c) Either Party may terminate this Agreement upon 30 business days' Notice upon the occurrence of any material
breach or default by the other Party under this Agreement (other than as described in Section 4.2(b),
Section 4.2(f), Section 4.2(g), or the provisions of Section 4.2 after Section 4.2(g)) which is not cured
within such 30 business-day period."</font></blockquote>

<BR><hr align=left width=25%><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential
treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the
Securities and Exchange Commission.</font><BR><BR>
<PAGE>

<li> <font size=2>The following is hereby added as Section 4.2(f) of the Agreement:</font>
<blockquote><font size=2>"(f) GNB may terminate this Agreement at any time after the Final Compliance Date, upon nine (9) months' Notice,
if GNB reasonably determines that Ace is not in compliance with the requirements of the Bank Loan Operating
Manuals. Such Notice must describe with reasonable specificity the basis or bases for the termination and
the corrective actions to be taken to make Ace in compliance with the requirements of the Bank Loan
Operating Manuals. Such termination shall be effective immediately upon the expiration of such nine (9)
month period, unless Ace is in compliance with the requirements of the Bank Loan Operating Manuals within
forty-five (45) days after GNB has given the nine (9) months' Notice to terminate."</font></blockquote>

<li> <font size=2>The following is hereby added as Section 4.2(g) of the Agreement:</font>
<blockquote><font size=2>"(g) Ace may terminate this Agreement at any time after the Final Compliance Date, upon nine (9) months' Notice
(which Notice must describe with reasonable specificity the basis or bases for the termination) if GNB
amends and/or revises the Bank Loan Operating Manuals and any such amendment or revision changes the
operation, policies, procedures, training and/or system(s) regarding the origination, processing, or
collection of Bank Loans in a material way, Ace uses its commercially reasonable efforts to comply with the
amendment or revision, and Ace reasonably determines that compliance, or the use of resources to effect or
maintain compliance, by Ace with the amendment or revision would have a material adverse effect upon Ace's
loan-related business, operations or financial condition. Such termination shall be effective immediately
upon the expiration of such nine (9) month period, unless Ace, by Notice to GNB within forty-five (45) days
after Ace has given the nine (9) months' Notice to terminate, withdraws such termination Notice and has
effected compliance with the amendment or revision to the Bank Loan Operating Manuals."</font></blockquote><BR><BR>

<li> <font size=2>The following is hereby added at the end of Section 4.2, after Section 4.2(g), of the Agreement:</font>

<blockquote><font size=2>"In addition, if GNB should reasonably determine, from time to time, that Ace's operations regarding the Bank Loans
at any particular Locations or Locations ("<U>Noncomplying Locations</U>") are not in substantial compliance with the
requirements of the Bank Loan Operating Manuals, GNB may give Ace a Notice which (i) describes with reasonable
specificity both the circumstances that constitute noncompliance at each Noncomplying Location and the corrective
actions to be taken to make the operations at each Noncomplying Location comply with the requirements of the Bank
Loan Operating Manuals, and (ii) states that the agency appointment made in Section 1.3 with respect to each
Noncomplying Location will be revoked if the specified corrective actions are not taken. If the specified
corrective actions are not taken regarding Ace's operations at a Noncomplying Location within ten (10) business days
after the giving of the Notice, Ace shall no longer have the right to legally serve as GNB's agent to facilitate and
provide administrative services regarding new Bank Loans at any continuing Noncomplying Location unless thereafter
authorized by GNB (though Ace may continue to serve as agent regarding any and all then-outstanding Bank </font><BR>
<BR><hr align=left width=25%><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential
treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the
Securities and Exchange Commission.</font><BR><BR>
<PAGE>
<font size=2>
Loans made at such Noncomplying Location). If, however, Ace's right to legally serve as GNB's agent is terminated by GNB in
accordance with the preceding two sentences at more than * Locations, in the aggregate from the Effective Date, then
either Party may terminate this Agreement upon nine (9) months' Notice to the other Party. Such termination, when
Notice is given by Ace, shall be effective immediately upon the expiration of such nine (9) month period. Such
termination, when Notice is given by GNB, shall be effective immediately upon the expiration of such nine (9) month
period, unless Ace has, within forty-five (45) days after GNB has given the nine (9) months' Notice to terminate,
corrected the noncompliance at each Noncomplying Location which was the subject of GNB's last Notice of
noncompliance which caused the number of Noncomplying Locations to exceed * Locations, in the aggregate from the
Effective Date."</font></blockquote><BR>

<li> <font size=2>The following is hereby added as Section 5.3 of the Agreement:
</font>
<blockquote><font size=2>"5.3 <U>Compliance Examination.</U> At such reasonable intervals as GNB shall deem appropriate during the Term and
upon reasonable prior Notice from GNB, Ace shall afford GNB, through its authorized representatives,
counsel, accountants, agents, and employees (the "<U>GNB Representatives</U>"), reasonable access during normal
business hours to all of Ace's business operations, properties (including each Location at which Bank Loans
are offered), books, files and records, and will take all such other actions reasonably necessary, to
enable the GNB Representatives to make a complete examination of Ace's financial statements and business
operations regarding the origination, documentation, processing and collection of Bank Loans for the sole
purpose of determining Ace's compliance with the requirements of the Bank Loan Operating Manuals. Such
examination shall be conducted in cooperation with the officers and agents of Ace and in such a manner as
to minimize, to the extent possible consistent with the reasonable conduct of a comprehensive examination,
any disruption of, or interference with, the normal business operations of Ace. The cost of such
examination shall be paid by GNB."</font></blockquote>

<li><font size=2> Section 8.1(a) of the Agreement is hereby amended to read as follows:</font>

<blockquote><font size=2>"(a) * of all losses, claims, obligations, demands, assessments, penalties, liabilities, costs (including
reasonable attorneys' fees and expenses) and damages asserted against Ace or any Ace Indemnified Person or
relating to any Third-Party Claims (as defined below in this Section 8.1) asserted against Ace or any Ace
Indemnified Person if the Third-Party Claims arise out of one or more Bank Loans made or services or
products provided under this Agreement solely from the Effective Date and prior to April 1, 2001, except
any Third-Party Claims described in Section 8.1(b) or Section 8.1(c); and * of all Ace Losses by reason of,
resulting from, or relating to any Third-Party Claims asserted against Ace or any Ace Indemnified Person if
the Third-Party Claims arise out of one or more Bank Loans made or services or products provided under this
Agreement solely from and after April 1, 2001, except any Third-Party Claims described in Section 8.1(b) or
Section 8.1(c); and for purposes of his Section 8.1(a), (i) each Renewal of a Bank Loan shall be deemed </font></blockquote><BR><BR>
<BR><hr align=left width=25%><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential
treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the
Securities and Exchange Commission.</font><BR><BR>
<PAGE>

<blockquote><font size=2>made on the date the Bank Loan was originally made or funded by GNB and (ii) the foregoing percentages of
Ace Losses to be indemnified by GNB shall apply regardless of when any Third-Party Claims are asserted or
arise (i.e., whether before or after April 1, 2001) and regardless of when the Ace Losses are suffered or
incurred."</font></blockquote>

<li> <font size=2>Section 8.2(a) of the Agreement is hereby amended to read as follows:</font>

<blockquote><font size=2>"(a) * of all losses, claims, obligations, demands, assessments, penalties, liabilities, costs (including
reasonable attorneys' fees and expenses) and damages asserted against GNB or any GNB Indemnified Person or
incurred by GNB or any GNB Indemnified Person (collectively, "<U>GNB Losses</U>") by reason of, resulting from, or
relating to any Third-Party Claims asserted against GNB or any GNB Indemnified Person if the Third-Party
Claims arise out of one or more Bank Loans made or services or products provided under this Agreement
solely from the Effective Date and prior to April 1, 2001, except any Third-Party Claims described in
Section 8.2(b) or Section 8.2(c); and * of all GNB Losses by reason of, resulting from, or relating to any
Third-Party Claims asserted against GNB or any GNB Indemnified Person if the Third-Party Claims arise out
of one or more Bank Loans made or services or products provided under this Agreement solely from and after
April 1, 2001, except any Third-Party Claims described in Section 8.2(b) or Section 8.2(c); and for
purposes of this Section 8.2(a), (i) each Renewal of a Bank Loan shall be deemed made on the date the Bank
Loan was originally made by GNB and (ii) the foregoing percentages of GNB Losses to be indemnified by Ace
shall apply regardless of when any Third-Party Claims are asserted or arise (i.e., whether before or after
April 1, 2001) and regardless of when the GNB Losses are suffered or incurred."</font></blockquote>


<li> <font size=2>The fourth sentence of Section 8.5 of the Agreement is hereby amended to read as follows:</font>

<blockquote><font size=2>"The premium cost of that insurance policy shall be paid (a) * by Ace and * by GNB from the Effective Date and prior
to the POS Compliance Date, and (b) * by Ace and * by GNB from and after the POS Compliance Date."</font></blockquote>

<li> <font size=2>Section 11.3 of the Agreement is hereby amended to substitute "President and Chief Operating Officer" for the title
"Chief Financial Officer" after "Jay B. Shipowitz," in the address for any Notice to Ace.</font><BR><BR>

<li> <font size=2>Section 11.5 of the Agreement is hereby amended by deleting the "and" at the end of subsection (g) thereof, deleting
the "." at the end of subsection (h) hereof, adding "; and" at the end of subsection (h) thereof, and adding a new subsection (i) to
read as follows:</font>

<blockquote><font size=2>"(i) a reference in this Agreement to any agreement or other document or to any Exhibit to this Agreement shall
include any amendment or supplement to, or restatement of, that agreement or other document or that Exhibit
to this Agreement to the extent permitted by the terms of that agreement or other document or that Exhibit
to which reference is made."</font></blockquote>

<BR><hr align=left width=25%><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential
treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the
Securities and Exchange Commission.</font><BR><BR>
<PAGE>


<li><font size=2> GNB and Ace hereby acknowledge that the Preemptive and Refusal Rights Agreement, which was Exhibit F to the
Agreement, has been terminated and superseded effective March 30, 2000.</font><BR><BR>

<li> <font size=2>Except as set forth in this Amendment, all terms used herein that are defined in the Agreement shall have the
respective meanings set forth in the Agreement.</font><BR><BR>

<li> <font size=2>Except as amended hereby, the Agreement is hereby affirmed in its entirety.</font><BR><BR>

<li><font size=2> This Amendment may be signed in counterparts with the same effect as if both Parties had signed the same paper; all
counterparts are to be construed together to be one and the same document.</font><BR>

<p><font size=2>IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed by their respective officers as of the
day and year first above written.</font></p><BR><BR>

</OL>
<p><font size=2>GOLETA NATIONAL BANK<BR>
By:</font></p> <hr width=25% align=left><BR>
<p><font size=2>Name: Llewellyn W. Stone<BR>
Title: President and Chief Executive Officer<BR><BR><BR>
ACE CASH EXPRESS, INC.<BR>
By:</font></p><hr width=25% align=left><BR>
<p><font size=2>Name: Jay B. Shipowitz<BR>
Title: President and Chief Operating Officer</font></p><BR>


<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><hr align=left width=25%><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for confidential
treatment sent to the Securities and Exchange Commission. Such portions are omitted from this filing and filed separately with the
Securities and Exchange Commission.</font><BR><BR>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.52AMENDMENTNUM
<SEQUENCE>4
<FILENAME>participation.htm
<DESCRIPTION>MASTER LOAN PARTICIPATION AGREEMENT
<TEXT>

<HTML>
<HEAD>
<TITLE> Amendment 1 Participation Agreement
</TITLE>
</HEAD>
<BODY>
<p align=center><font size=2>
<B>AMENDMENT NUMBER 1 TO<BR>
MASTER LOAN PARTICIPATION AGREEMENT</B></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Amendment Number 1 to Master Loan Participation Agreement (this "Amendment") is made as of the 29th
day of March, 2001, by and between Goleta National Bank, a national banking association ("GNB"), and Ace Cash
Express, Inc., a Texas corporation ("Participant"), with regard to the following:</font> </p>
<OL type=A>
<li><font size=2> GNB and Participant entered into that certain Master Loan Agency Agreement dated August 11, 1999, and
contemporaneously with the execution of this Amendment are amending the Master Loan Agency
Agreement by that certain Amendment Number 1 to Master Loan Agency Agreement of even date
herewith (as so amended, the "Agency Agreement").</font><BR><BR>

<li> <font size=2>GNB and Participant entered into that certain Master Loan Participation Agreement dated August 11, 1999
(the "Participation Agreement"), and wish to amend the Participation Agreement to correspond
with the terms of the Agency Agreement and as set forth herein.</font><BR><BR>

<li><font size=2> Section 12 of the Participation Agreement permits GNB and Participant to amend the Participation
Agreement by a writing signed by them.</font></OL>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements
hereinafter set forth, GNB and Participant hereby agree as follows:</font></p>

<OL>
<li> <font size=2>The third recital (or "WHEREAS") paragraph of the Participation Agreement is amended to read as follows:</font>

<blockquote><font size=2>"WHEREAS, Participant desires to purchase, and GNB desires to sell to Participant, an undivided interest
in each of the Bank Loans."</font></blockquote>

<li> <font size=2>The following sentences are hereby added to, at the end of, Section 1 of the Participation Agreement:</font>

<blockquote><font size=2> "But from and after the POS Compliance Date (as that term is defined in the Agency Agreement, as defined
below) (the "POS Compliance Date"), GNB agrees to sell to Participant, from time to time, and
Participant agrees to purchase from GNB, from time to time, an undivided * percent (* %) interest in
each and every Bank Loan made by GNB from and after the POS Compliance Date. For purposes of this
Agreement, (a) the "Agency Agreement" is that certain Master Loan Agency Agreement between GNB and
Participant dated August 11, 1999, as amended to date, and (b) each and every renewal of a Bank Loan
shall be deemed made on the date the Bank Loan was originally made or funded by GNB and shall be treated
in the same manner as that original Bank Loan."</font></blockquote>

<li> The first sentence of Section 2 of the Participation Agreement is hereby amended to read as follows:

<blockquote> "The purchase price for each Bank Loan purchased by Participant shall be * percent (* %) of the
principal amount of such Bank Loan made prior to the POS Compliance Date and shall be * percent (* %) of
the principal amount of each Bank Loan made from and after the POS Compliance Date ("Purchase Price").</blockquote>



<hr width=15% align=left>
<p><font size=1>
* Confidential treatment has been requested for certain portions of this document pursuant to an application for
confidential treatment sent to the Securities and Exchange Commission. Such portions are omitted from this
filing and filed separately with the Securities and Exchange Commission.</font></p>
<PAGE>
<li> <font size=2>Section 4 of the Participation Agreement is hereby amended to read as follows:</font><BR>

<blockquote><font size=2> "4. The Purchase Price for each Bank Loan shall be transferred from the Account to GNB *
and either (a) * percent (* %) of any payment of fees, interest or principal received by GNB on each
such Bank Loan purchased by Participant regarding Bank Loans made prior to the POS Compliance Date, or
(b) * percent (* %) of any payment of fees, interest or principal received by GNB on each such Bank Loan
purchased by Participant regarding Bank Loans made from and after the POS Compliance Date, shall be
transferred to the Account * by GNB; provided, however, that if any instrument representing payment of
the fee, principal or interest on a Bank Loan is later dishonored, rescinded or revoked, or GNB, for any
reason, fails to receive good funds, then the credit to the Account of Participant shall be transferred
to GNB."</font></blockquote>

<li> <font size=2>Section 11 of the Participation Agreement is hereby amended to read as follows:</font><BR><BR>

<blockquote> <font size=2>"11. GNB and Participant shall share any losses (but not unreimbursed Expenses) with
respect to any defaulted Bank Loan in accordance with their respective interests in such Bank Loan
(i.e., * percent (* %) of such Loss shall be borne by Participant and * percent (* %) shall be borne by
GNB on each such Bank Loan purchased by Participant regarding Bank Loans made prior to the POS
Compliance Date, and * percent (* %) of such Loss shall be borne by Participant and * percent (* %)
shall be borne by GNB on each such Bank Loan purchased by Participant regarding Bank Loans made from and
after the POS Compliance Date).</font><BR><BR></blockquote>

<li> <font size=2>Section 14 of the Participation Agreement is hereby amended to substitute "President and Chief Operating
Officer" for the title "Chief Financial Officer" after "Jay B. Shipowitz," in the address for any notice,
request, demand, or other communication to Participant.</font><BR><BR>

<li> <font size=2>The following is hereby added as a new Section 22 of the Participation Agreement:</font><BR><BR>


<blockquote><font size=2> "22. GNB's obligation to sell to Participant, and Participant's obligation to purchase from
GNB, an interest in Bank Loans shall cease upon termination of the Agency Agreement."</font><BR><BR></blockquote>

<li> <font size=2>Except as set forth in this Amendment, all terms used herein that are defined in the Participation
Agreement shall have the respective meanings set forth in the Participation Agreement.</font><BR><BR>

<li> <font size=2>Except as amended hereby, the Participation Agreement is hereby affirmed in its entirety.</font><BR><BR>

<li><font size=2> This Amendment may be signed in counterparts with the same effect as if both parties hereto had signed
the same paper; all counterparts are to be construed together to be one and the same document.</font><BR><BR>
</OL>
<hr width=15% align=left>
<p><font size=1>
* Confidential treatment has been requested for certain portions of this document pursuant to an application for
confidential treatment sent to the Securities and Exchange Commission. Such portions are omitted from this
filing and filed separately with the Securities and Exchange Commission.</font></p>
<PAGE>
<p><font size=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective officers as of the day and year first above written.</font><BR><BR></p>
<table width=90% cellpadding=1 cellspacing=1 border=0>
<tr><th width=50%></th><th width=50%></tH></tr>
<tr><td></td><td><font size=2> GOLETA NATIONAL BANK</font></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td><font size=2>By: </font><hr width=85% align=left></td></tr>
<tr><td></td><td><font size=2> Name: Llewellyn W. Stone</font></td></tr>
<tr><td></td><td><font size=2> Title: President and Chief Executive Officer</font></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td> <font size=2>ACE CASH EXPRESS, INC.</font></td></tr>
<tr><td></td><td><font size=2> By:</font><hr width=85% align=left></td></tr>
<tr><td></td> <td><font size=2> Name: Jay B. Shipowitz</font></td></tr>
<tr><td></td><td><font size=2> Title: President and Chief Operating Officer</font></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
</TABLE>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.52AMENDMENTNUM
<SEQUENCE>5
<FILENAME>fees.htm
<DESCRIPTION>SCHEDULE OF INTEREST AMD FEES
<TEXT>

<HTML>
<HEAD>
<TITLE> Amendment 1 - Schedule of Interest and Fees
</TITLE>
</HEAD>
<BODY>
<p align=center> AMENDMENT NUMBER 1 TO THE<BR>
SCHEDULE OF INTEREST AND FEES</p>


<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Amendment Number 1 to the Schedule of Interest and Fees ("Schedule Amendment") is made as of this
29th day of March, 2001, by and between Goleta National Bank, a national banking association ("GNB"), and Ace Cash
Express, Inc., a Texas corporation ("Ace"), with regard to the following:</P>
<OL type=A>
<li> GNB and Ace entered into that certain Master Loan Agency Agreement dated August 11, 1999 (the
"Agreement"), which included as Exhibit "E" thereto that certain Schedule of Interest and Fees (the "Schedule").<BR><BR>

<li> Contemporaneously with the execution of this Schedule Amendment, GNB and Ace are amending the
Agreement by that certain Amendment Number 1 to Master Loan Agency Agreement of even date herewith (as so
amended, the "Agency Agreement") and wish to amend the Schedule as set forth herein.</OL>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set forth in
the Agency Agreement and in this Schedule Amendment, Ace and GNB hereby agree as follows:</P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following Paragraph 5 is added to, immediately after Paragraph 4 of, the Schedule:

<blockquote> 5. <U>Exclusivity and Loan Compliance Fee.</U> In consideration of the grant of exclusivity by
GNB to Ace provided in Section 1.6(b) of the Agency Agreement, and to assist GNB in offsetting
the costs of complying with regulatory requirements for originating the Bank Loans, Ace shall
pay to GNB a one-time Exclusivity and Loan Compliance Fee of $* on March 30, 2001, and $* on
the last business day of each calendar month, commencing April 30, 2001, up to and including
the earlier of (a) the last day of the month in which the POS Compliance Date (as that term is
defined in the Agency Agreement) occurs, or (b) June 30, 2001." </blockquote>

<OL>
<LI> Except as set forth in this Schedule Amendment, all terms used herein that are defined in the
Agency Agreement shall have the respective meanings set forth in the Agency Agreement.<BR><BR>

<LI> Except as amended hereby, the Schedule is hereby affirmed in its entirety.<BR><BR>

<LI> This Schedule Amendment may be signed in counterparts with the same effect as if both Parties
had signed the same paper; all counterparts are to be construed together to be one and the same document.<BR><BR>
</OL>

<hr width=15% align=left>
<p><font size=1>* Confidential treatment has been requested for certain portions of this document pursuant to an application for
confidential treatment sent to the Securities and Exchange Commission. Such portions are omitted from this
filing and filed separately with the Securities and Exchange Commission.</font></p>

<PAGE>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IN WITNESS WHEREOF, the parties hereto have caused this Schedule Amendment to be duly executed by their
respective officers as of the day and year first above written.
<BR><BR><BR><BR>
<table width=90% cellpadding=1 cellspacing=1 border=0>
<tr><th width=50%></th><th width=50%></tH></tr>
<tr><td></td><td><font size=2> GOLETA NATIONAL BANK</font></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td><font size=2>By:</font> <hr width=85% align=left></td></tr>
<tr><td></td><td><font size=2> Name: Llewellyn W. Stone</font></td></tr>
<tr><td></td><td><font size=2>Title: President and Chief Executive Officer</font></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td><font size=2> ACE CASH EXPRESS, INC.</font></td></tr>
<tr><td></td><td> <font size=2>By:</font><hr width=85% align=left></td></tr>
<tr><td></td> <td><font size=2> Name: Jay B. Shipowitz</font></td></tr>
<tr><td></td><td><font size=2> Title: President and Chief Operating Officer</font></td></tr>
<tr><td></td><td></td></tr>
<tr><td></td><td></td></tr>
</TABLE>
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</TEXT>
</DOCUMENT>
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