SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                            ______________________

                                 SCHEDULE 13D
                               (Amendment No. 3)

                   Under the Securities Exchange Act of 1934

                               Americredit Corp.
                               (Name of Issuer)

                         Common Stock, Par Value $.01
                        (Title of Class of Securities)

                                  03060R101
                                (CUSIP Number)

                            Peter A. Nussbaum, Esq.
                           Schulte Roth & Zabel LLP
                              900 Third Avenue
                           New York, New York 10022
                                (212) 756-2000
                 (Name, address and telephone number of person
               authorized to receive notices and communications)

                                 March 6, 1998
            (Date of event which requires filing of this statement)

      If the filing person has previously filed a statement on Schedule 
13G to report the acquisition which is the subject of this Schedule 13D, 
and is filing this schedule because of Rule 13d-1(b)(3) or (4), check 
the following box  [ ]. 

      Check the following box if a fee is being paid with the statement  
[  ].  (A fee is not required only if the reporting person:  (1) has a 
previous statement on file reporting beneficial ownership of more than 
five percent of the class of securities described in Item 1; and (2) has 
filed no amendment subsequent thereto reporting beneficial ownership of 
five percent or less of such class.)  (See Rule 13d-7.) 

      NOTE:  Six copies of this statement, including all exhibits, 
should be filed with the Commission.  See Rule 13d-1(a) for other 
parties to whom copies are to be sent.

*     The remainder of this cover page shall be filled out for a 
reporting person's initial filing on this form with respect to the 
subject class of securities, and for any subsequent amendment containing 
information which would alter the disclosures provided in a prior cover 
page.

      The information required in the remainder of this cover page shall 
not be deemed to be "filed" for purposes of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of 




                                                     Page 10 of 14 Pages

            (iii)  Messrs. Vinik, Gordon and Hostetter each directly 
owns no shares of Common Stock.  By reason of the provisions of Rule 
13d-3 of the Act, each may be deemed to beneficially own the 517,700 
shares beneficially owned by Vinik Partners, the 686,700 shares 
beneficially owned by Vinik Overseas, and the 40,600 shares beneficially 
owned by the Discretionary Account.  Such shares total 1,245,000 shares 
of Common Stock, constituting approximately 4.2% of the shares 
outstanding.
            (iv)  VGH owns directly no shares of Common Stock.  By 
reason of the provisions of Rule 13d-3 of the Act, VGH may be deemed to 
own beneficially the 517,700 shares beneficially owned by Vinik 
Partners, constituting approximately 1.7% of the shares outstanding.
            (v)  VAM LLC owns directly no shares of Common Stock.  By 
reasons of the provisions of Rule 13d-3 of the Act, VAM LLC may be 
deemed to own the 686,700 shares beneficially owned by Vinik Overseas 
and the 40,600 shares beneficially owned by the Discretionary Account.  
When the shares beneficially owned by Vinik Overseas and the 
Discretionary Account are aggregated they total 727,300 shares of Common 
Stock, constituting approximately 2.4% of the shares outstanding.
            (vi)  In the aggregate, the Reporting Persons beneficially 
own a total of 1,245,000 shares of Common Stock, constituting 
approximately 4.2% of the shares outstanding. 

                    *           *            *                          

The following paragraph of Item 5 is hereby supplemented as follows:

ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER. 

      (c)   The trade dates, number of shares of Common Stock purchased 
or sold and price per share for all transactions in the Common Stock 
from February 24, 1998 until March 6, 1998 by Vinik Partners and by VAM 
LP, on behalf of Vinik Overseas and the Discretionary Account, are set 
forth in Schedules A, B and C.  All such transactions were open market 
transactions effected on the New York Stock Exchange.

                  *              *              *                            

The following paragraph is hereby added to Item 5:

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

      (e)   As of February 27, 1998 the Reporting Persons ceased to be 
the beneficial owners of more than five percent of the Company's Common 
Stock.





                                                     Page 11 of 14 Pages

                               SIGNATURES

      After reasonable inquiry and to the best of our knowledge and 
belief, the undersigned certify that the information set forth in this 
statement is true, complete and correct.

DATED:  March 9, 1998          /s/ Jeffrey N. Vinik,
               .               JEFFREY N. VINIK, individually
                               and as senior managing member of
                               VGH Partners, L.L.C., on behalf
                               of VINIK PARTNERS, L.P.

                               /s/ Jeffrey N. Vinik
                               Jeffrey N. Vinik, as senior managing
                               member of Vinik Asset Management, L.L.C.,
                               on behalf of VINIK ASSET MANAGEMENT, L.P.

                               /s/ Jeffrey N. Vinik
                               Jeffrey N. Vinik, as senior managing
                               member of VGH PARTNERS, L.L.C. and
                               VINIK ASSET MANAGEMENT, L.L.C.

                               /s/ Michael S. Gordon, individually
                               MICHAEL S. GORDON

                               /s/ Mark D. Hostetter, individually
                               MARK D. HOSTETTER