Contact - Karin Demler: (615) 263-3005                              EXHIBIT 99.1

                       CORRECTIONS CORPORATION OF AMERICA
            COMPLETES EXCHANGE OFFER FOR 9 7/8% SENIOR NOTES DUE 2009

NASHVILLE, Tenn., February 14, 2003 /PRNewswire-FirstCall/ -- Corrections
Corporation of America (NYSE: CXW - News) announced today that it has completed
the exchange of all of its $250.0 million 9.875% senior notes due 2009 which
were previously issued in a private placement in May 2002 for a like amount of
its newly issued 9.875% senior notes due 2009 which have been registered under
the Securities Act of 1933. The terms of the newly issued registered notes are
identical to the terms of the previously issued unregistered notes. State Street
Bank and Trust Company served as the exchange agent for the exchange offer and
serves as trustee for the notes.

ABOUT CCA

CCA is the nation's largest owner and operator of privatized correctional and
detention facilities and one of the largest prison operators in the United
States, behind only the federal government and four states. CCA currently
operates 61 facilities, including 38 company-owned facilities, with a total
design capacity of approximately 60,000 beds in 21 states and the District of
Columbia. CCA specializes in owning, operating and managing prisons and other
correctional facilities and providing inmate residential and prisoner
transportation services for governmental agencies. In addition to providing the
fundamental residential services relating to inmates, CCA facilities offer a
variety of rehabilitation and educational programs, including basic education,
religious services, life skills and employment training and substance abuse
treatment. These services are intended to reduce recidivism and to prepare
inmates for their successful re-entry into society upon their release. CCA also
provides health care (including medical, dental and psychiatric services), food
services and work and recreational programs.

CCA takes no responsibility for updating the information contained in this press
release following the date hereof to reflect events or circumstances occurring
after the date hereof or the occurrence of unanticipated events or for any
changes or modifications made to this press release or the information contained
herein by any third-parties, including, but not limited to, any wire or internet
services.