News Release

NASHVILLE, Tenn., Jul 3, 2001 (BUSINESS WIRE) -- Corrections Corporation of America's (NYSE: CXW) Chief Executive Officer, John Ferguson, is featured as the cover article in the July 2001 issue of Business Nashville magazine. In the article, Ferguson highlights the new executive management team's progress in turning around the financial outlook of the company. Excerpts of the article are available at www.businessnashville.net.

    About the Company

CCA is the nation's largest provider of detention and corrections services to governmental agencies with approximately 61,000 beds in 65 facilities under contract for management in the United States and Puerto Rico. CCA's full range of services includes management of new or existing jails and prisons for adults and juveniles, long distance transportation services and the design, construction and renovation of prison facilities.

    Forward-Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Factors that could cause operating and financial results to differ are described in CCA's Form 10-K, as well as in other documents filed with the Securities and Exchange Commission, and these factors include, but are not limited to, the growth of the private corrections and detention industry, CCA's ability to obtain and maintain facility management contracts and general market conditions. CCA does not undertake any obligation to publicly release the result of any revisions to forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

CONTACT:          For Corrections Corporation of America, Nashville
                  Louise Green, spokesperson
                  615/263-3106