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--COMPANY PRESS RELEASE--


THE "11-SECOND CAR" ROARS OFF THE LINE AS THE LATEST IN THE PRECISION 100™ SERIES FROM FORD MOTOR COMPANY AND RACING CHAMPIONS ERTL

Glen Ellyn, Ill. (JULY 31, 2002)-Celebrating one of the fastest production cars ever built, Ford Motor Company and Racing Champions Ertl (NASDAQ:RACN) are introducing the fourth issue in the Ford Precision 100 collection, the series of 1:18-scale die-cast classic replicas that takes a second look at some of the most memorable vehicles ever made by Ford.

The latest entry-the legendary ´64 Ford Fairlane Thunderbolt - is a line-for-line replica of the car that was the drag racer's dream. Screaming off the line and reaching speeds of 120 mph in less than 11 seconds, the original car was a modified Fairlane, stripped for action. If it didn't make the car go faster, it was eliminated-so no mirrors, no armrests, no sun visors. With its massive 427 cid V8 and two four-barrel carbs, the Thunderbolt set records-and earned a permanent place in the hearts of drag racing fans.

And, according to Dell Torgerson, Product Manager for Racing Champions Ertl, the new Precision 100 replica does everything but smoke the tires. "This is an absolutely incredible car, and everything's here," he said. "Collectors have been waiting a long time for this beauty, and now that it's here, they aren't going to be disappointed. From its opening hood with separate hood pins to the working drive train, this is the real deal."

With its more than 200 parts and hand-polished exterior, the Ford Fairlane Thunderbolt is loaded with the details collectors look for: working fuel doors, opening doors with spring-loaded door locks, sliding front seats with folding seat backs, opening glove compartment door, opening trunk with battery wires, die-cast tow bars, and detailed 427 engine. Even the paint colors are authentic-"Vintage Burgundy" or "Wimbledon White".

The Thunderbolt will be available through participating Ford Motor Company dealers and select hobby stores and specialty retailers nationwide beginning in July. It will be accompanied by a fact-filled brochure based on information in Ford's archives and a special certificate. Suggested retail price is $59.95.

Jointly developed by Racing Champions Ertl and Ford from original Ford blueprints and actual antique vehicles, the Ford Precision 100 line is the most detailed line of 1:18-scale die-cast vehicles on the market.

Racing Champions Ertl (www.rcertl.com) is a leading producer and marketer of innovative collectibles and toys targeted at males of all ages. The Company's diverse product offerings include scaled die-cast replicas of John Deere agricultural equipment and NASCAR stock cars, other licensed vehicle replicas, pre-teen toys, sports trading cards, racing apparel and souvenirs, and collectible figures. These products are sold under the Company's market-focused brand names, including Racing Champions®, Ertl®, Ertl

Collectibles®, American Muscle™, AMT®, W. Britain®, Press Pass®, and JoyRide Studios™. The Company reinforces its brands and enhances the authenticity of its products by linking them with highly recognized licensed properties including NASCAR, NHRA, John Deere, Harley-Davidson, Case IH, Polaris, Honda, Caterpillar, Ford, GM, Chrysler, Texaco, Warner Brothers, Gullane Entertainment, Nintendo, Sega, and Electronic Arts. The Company's products are marketed through multiple channels of distribution, including mass retailers and specialty and hobby wholesalers and retailers, OEM dealers, and to corporate accounts for promotional purposes. The Company sells through more than 20,000 retail outlets located in North America, Europe, and Asia Pacific.


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