SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* RAMIUS CAPITAL GROUP LLC (Last) (First) (Middle) 666 THIRD AVENUE 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 01/11/2008	3. Issuer Name and Ticker or Trading Symbol AMERICREDIT CORP [ ACF ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) See Remarks	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share ("Common Stock")	750,000(1)	I	See footnotes(2)(3)(4)(5)(6)(7)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* RAMIUS CAPITAL GROUP LLC (Last) (First) (Middle) 666 THIRD AVENUE 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks

1. Name and Address of Reporting Person* RCG Enterprise Ltd (Last) (First) (Middle) 666 THIRD AVENUE 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* RCG PB, Ltd (Last) (First) (Middle) C/O RAMIUS CAPITAL GROUP, LLC 666 THIRD AVENUE 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* C4S & CO LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* COHEN PETER A (Last) (First) (Middle) 666 THIRD AVE 26TH FL (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* STRAUSS THOMAS W (Last) (First) (Middle) 666 THIRD AVE 26TH FL (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* SOLOMON JEFFREY M (Last) (First) (Middle) 666 THIRD AVENUE 26TH FL (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* RAMIUS ADVISORS LLC (Last) (First) (Middle) 666 THIRD AVENUE, 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* RCG Sextant Master Fund Ltd (Last) (First) (Middle) 666 THIRD AVENUE 26 FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* STARK MORGAN B (Last) (First) (Middle) 666 THIRD AVENUE 26TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks

Explanation of Responses:

1. The Reporting Persons entered into the following two purchases on January 11, 2008: (i) purchase of 750,000 shares of Common Stock ("Purchase I") and (ii) purchase of 275,000 shares of Common Stock ("Purchase II", and together with Purchase I, the "Purchases"). The Reporting persons cannot determine at this time which of the two purchases on January 11, 2008 was entered into first and therefore have elected to report 750,000 shares of Common Stock in column 2, since the number of shares of Common Stock after the first purchase could not have exceeded that number. For the avoidance of doubt, the Reporting Persons have also elected to report both Purchases on the Form 4 filed on January 17, 2008.

2. If the first transaction is Purchase I: Ramius Capital Group, L.L.C., a Delaware limited liability company ("Ramius Capital"), (i) acts as the investment advisor of RCG Enterprise, Ltd., a Cayman Islands company ("RCG Enterprise"), which directly owns 399,084 shares of Common Stock, (ii) acts as the investment advisor of RCG Sextant Master Fund, Ltd., a Cayman Islands company ("RCG Sextant"), which directly owns 163,416 shares of Common Stock and (iii) is the sole member of Ramius Advisors, LLC, a Delaware limited liability company ("Ramius Advisors"), which acts as the investment advisor of RCG PB, Ltd., a Cayman Islands company ("RCG PB"), which directly owns 187,500 shares of Common Stock.

3. (continued from footnote (2)) As the investment advisor of RCG PB, Ramius Advisors may be deemed to beneficially own the 187,500 shares of Common Stock directly owned by RCG PB. As the sole member of Ramius Advisors and the investment advisor of RCG Enterprise and RCG Sextant, Ramius Capital may be deemed to beneficially own (i) the 187,500 shares of Common Stock directly owned by RCG PB, (ii) the 399,084 shares of Common Stock directly owned by RCG Enterprise and (iii) the 163,416 shares of Common Stock directly owned by RCG Sextant. As the managing member of Ramius Capital, C4S & Co., L.L.C., a Delaware limited liability company ("C4S"), may be deemed to beneficially own (i) the 187,500 shares of Common Stock directly owned by RCG PB,

4. (continued from footnote (3)) (ii) the 399,084 shares of Common Stock directly owned by RCG Enterprise and (iii) the 163,416 shares of Common Stock directly owned by RCG Sextant. As the managing members of C4S, each of Peter A. Cohen, Morgan B.Stark, Jeffrey M. Solomon and Thomas W. Strauss may be deemed to be beneficially (i) the 187,500 shares of Common Stock directly owned by RCG PB, (ii) the 399,084 shares of Common Stock directly owned by RCG Enterprise and (iii) the 163,416 shares of Common Stock directly owned by RCG Sextant. Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

5. If the first transaction is Purchase II: 146,331 shares of Common Stock are attributable to RCG Enterprise, 59,919 shares of Common Stock are attributable to RCG Sextant and 68,750 shares of Common Stock are attributable to RCG PB.

6. (continued from footnote (5)) As the investment advisor of RCG PB, Ramius Advisors may be deemed to beneficially own the 68,750 shares of Common Stock directly owned by RCG PB. As the sole member of Ramius Advisors and the investment advisor of RCG Enterprise and RCG Sextant, Ramius Capital may be deemed to beneficially own (i) the 68,750 shares of Common Stock directly owned by RCG PB, (ii) the 146,331 shares of Common Stock directly owned by RCG Enterprise and (iii) the 59,919 shares of Common Stock directly owned by RCG Sextant. As the managing member of Ramius Capital, C4S & Co., L.L.C., a Delaware limited liability company ("C4S"), may be deemed to beneficially own (i) the 68,750 shares of Common Stock directly owned by RCG PB, (ii) the 146,331 shares of Common Stock directly owned by RCG Enterprise and (iii) the 59,919 shares of Common Stock directly owned by RCG Sextant.

7. (continued from footnote (6)) As the managing member of Ramius Capital, C4S may be deemed to beneficially own (i) the 68,750 shares of Common Stock directly owned by RCG PB, (ii) the 146,331 shares of Common Stock directly owned by RCG Enterprise and (iii) the 59,919 shares of Common Stock directly owned by RCG Sextant. As the managing members of C4S, each of Peter A. Cohen, Morgan B.Stark, Jeffrey M. Solomon and Thomas W. Strauss may be deemed to beneficially (i) the 256,250 shares of Common Stock directly owned by RCG PB, (ii) the 545,415 shares of Common Stock directly owned by RCG Enterprise and (iii) the 223,335 shares of Common Stock directly owned by RCG Sextant. Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Remarks:

Member of 13D group owning more than 10%. The Power of Attorney executed by Jeffrey M. Solomon, Peter A. Cohen, Morgan B. Stark and Thomas W. Strauss, authorizing Owen S. Littman to sign and file this Form 4 on each person's behalf, which was filed with the Form 3 filed with the Securities and Exchange Commission on October 16, 2007 by such Reporting Persons with respect to the common stock of Baseline Oil Gas, Inc., is hereby incorporated by reference.

	Ramius Capital Group, L.L.C., By: /s/ Owen S. Littman, Authorized Signatory	01/17/2008
	RCG Enterprise, Ltd., By: Ramius Capital Group, L.L.C., Its Investment Advisor, By: /s/ Owen S. Littman, Authorized Signatory	01/17/2008
	RCG Sextant Master Fund, Ltd., By: Ramius Capital Group, L.L.C., as sole Member, By: /s/ Owen S. Littman, Authorized Signatory	01/17/2008
	RCG PB, Ltd., By: Ramius Advisors, LLC, Its Investment Advisor, By: Ramius Capital Group, L.L.C., as sole Member, By: /s/ Owen S. Littman, Authorized Signatory	01/17/2008
	Ramius Advisors, LLC, By: Ramius Capital Group, L.L.C., as Sole Member, By: /s/ Owen Littman, Authorized Signatory	01/17/2008
	C4S & Co., L.L.C., By: Jeffrey M. Solomon, as Managing Member, By: /s/ Owen S. Littman, as Attorney-In-Fact for Jeffrey M. Solomon	01/17/2008
	Peter A. Cohen, By: /s/ Owen S. Littman, as Attorney-In-Fact for Peter A. Cohen	01/17/2008
	Morgan B. Stark, By: /s/ Owen S. Littman, as Attorney-In-Fact for Morgan B. Stark	01/17/2008
	Thomas W. Strauss, By: /s/ Owen S. Littman, as Attorney-In-Fact for Thomas W. Strauss	01/17/2008
	Jeffrey M. Solomon, By: /s/ Owen S. Littman, as Attorney-In-Fact for Jeffrey M. Solomon	01/17/2008
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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