EXHIBIT 99.2


News Release                                 (CCA LOGO)



Contact:   Karin Demler, Investor Relations, 615-263-3005


              CORRECTIONS CORPORATION OF AMERICA AFFIRMS GUIDANCE;
                   PROPOSES SENIOR CREDIT FACILITY AMENDMENTS

NASHVILLE, Tenn. - July 24, 2003 - Corrections Corporation of America (NYSE:
CXW) (the "Company") today announced it expects to meet the second quarter and
full year 2003 guidance it previously announced on May 8, 2003.

The Company also announced it is seeking certain amendments to its senior
secured credit facility from its lenders to provide: (1) a $125.0 million
revolving credit facility (increased from $75.0 million) which includes a $75.0
million subfacility for letters of credit (increased from $50.0 million) that
expires on March 31, 2006, and (2) a $250.0 million term loan with a term
expiring March 31, 2008. There are currently $515.3 million principal amount of
loans outstanding under the credit facility. The amended senior secured credit
facility will be secured by liens on a substantial portion of the Company's
tangible and intangible assets (inclusive of the Company's domestic
subsidiaries), and pledges of all of the capital stock of the Company's domestic
subsidiaries. The loans and other obligations under the facility will also be
guaranteed by each of the Company's domestic subsidiaries and secured by a
pledge of up to 65% of the capital stock of the Company's foreign subsidiaries.
In addition, the Company anticipates amending the senior secured credit facility
to provide modest improvement in interest rate pricing and, with respect to
covenants, greater flexibility for, among other matters, incurring unsecured
indebtedness, capital expenditures and permitted acquisitions. The effectiveness
of the amendments is subject to requisite consent of the lenders and prepayment
of approximately $265.0 million under the existing term loan.

ABOUT THE COMPANY

The Company 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. The
Company currently operates 59 facilities, including 38 company-owned facilities,
with a total design capacity of approximately 59,000 beds in 20 states and the
District of Columbia.

The Company 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, the Company's 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. The
Company also provides health care (including medical, dental and psychiatric
services), food services and work and recreational programs.


                                     -More-




10 Burton Hills Boulevard, Nashville, Tennessee 37215, Phone: 615-263-3000




FORWARD-LOOKING STATEMENTS

This press release contains statements as to the Company's beliefs and
expectations of the outcome of future events that are forward-looking statements
as defined within the meaning of 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.
These include, but are not limited to, the risks and uncertainties associated
with: (i) fluctuations in the Company's operating results because of, among
other things, changes in occupancy levels, competition, increases in cost of
operations, fluctuations in interest rates and risks of operations; (ii) changes
in the privatization of the corrections and detention industry, the public
acceptance of the Company's services and the timing of the opening of new prison
facilities and the renewal of existing contracts; and (iii) general economic and
market conditions. Other factors that could cause operating and financial
results to differ are described in the filings made from time to time by the
Company with the Securities and Exchange Commission.

The Company 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.

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