JOINT FILING AGREEMENT

                             JOINT FILING AGREEMENT

         This will confirm the agreement by and among all the  undersigned  that
the  Schedule  13D filed on or about this date with  respect  to the  beneficial
ownership of the undersigned of shares of the Common Stock of General Acceptance
Corporation is being filed on behalf of each of the undersigned.  This agreement
may be  executed in two or more  counterparts,  each of which shall be deemed an
original,  but  all  of  which  together  shall  constitute  one  and  the  same
instrument.


Dated: March 23, 1998                           CONSECO, INC.


                                                By:/s/XXXXXX X. XXXX
                                                   -----------------------------
                                                   Xxxxxx X. Xxxx,
                                                   Executive Vice President


                                                CAPITAL AMERICAN LIFE INSURANCE
                                                 COMPANY


                                                By:/s/XXXXXX X. XXXX
                                                   -----------------------------
                                                   Xxxxxx X. Xxxx,
                                                   Executive Vice President


                                                CIHC, INCORPORATED


                                                By:/s/XXXXXXX X. XXXXXXXX, XX.
                                                   -----------------------------
                                                   Xxxxxxx X. Xxxxxxxx, Xx.,
                                                   Vice President


                                                GREAT AMERICAN RESERVE INSURANCE
                                                 COMPANY



                                                By:/s/XXXXXX X. XXXX
                                                   -----------------------------
                                                   Xxxxxx X. Xxxx,
                                                   Executive Vice President