Exhibit 99

[LOGO] FINANCIAL FEDERAL CORPORATION
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       733 Third Avenue, New York, NY 10017 * (212) 599-8000 *
       www.finacialfederal.com



                          FOR IMMEDIATE RELEASE

CONTACT:   Jeanne McDonald, Senior Vice President
           (212) 599-8000

                FINANCIAL FEDERAL CORPORATION ANNOUNCES
                APPOINTMENT OF NEW INDEPENDENT AUDITORS
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NEW YORK, NY:  October 19, 2000 - Financial Federal Corporation
("FIF" - NYSE), a nationwide, independent financial services company
specializing in equipment finance and leasing for middle-market
businesses, announced today that its Board of Directors, upon
recommendation of its Audit Committee, has approved the appointment of
Arthur Andersen LLP as independent auditors for the Company.  Arthur
Andersen will audit the financial statements of Financial Federal
Corporation and its consolidated subsidiaries commencing for the
fiscal year ending July 31, 2001.

Arthur Andersen LLP will replace Eisner & Lubin LLP who served as
independent auditors for the Company since its inception in 1989.

Commenting on the change in accountants, Paul R. Sinsheimer,
President, stated "We appreciate and thank Eisner & Lubin for the
excellent work that they did for the Company's shareholders in the
past.  There have been no disagreements on any matters of accounting
principles or practices, or audit scope issues, with Eisner & Lubin.
Arthur Andersen is a leading accounting and consulting firm, and we
look forward to developing a strong working relationship with them."

This document contains forward-looking statements, involving
management assumptions, risks and uncertainties.  Readers are referred
to the documents filed by the Company with the SEC, specifically the
most recent reports on Forms 10-K and 10-Q, which identify important
risk factors that could cause actual results to differ from those
contained in the forward-looking statements.

Financial Federal Corporation specializes in financing industrial and
commercial equipment through installment sales and leasing programs
for manufacturers, dealers and end users nationwide.  In addition to
its New York office, the Company has six full-service operations
centers in Texas, Illinois, New Jersey, North Carolina, Arizona and
Georgia, and numerous additional marketing locations throughout the
country.

For additional information, please visit the Company's newly enhanced
website at www.financialfederal.com.

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