1
                                                                   EXHIBIT 99.01



HNC SOFTWARE INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF
CONVERTIBLE SUBORDINATED NOTES

August 14, 2001

HNC Software Inc. (Nasdaq: HNCS) today announced that it intends, subject to
market and other conditions, to raise a total of $125 million (not including an
option of the initial purchasers to purchase up to an additional $25 million in
principal amount of the notes) through a private offering of convertible
subordinated notes.  The offering will be made to qualified institutional buyers
in accordance with Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act").  The Company stated that it intends to use the net proceeds
of the convertible note offering for general corporate purposes, including
working capital.  The Company also may use a portion of the net proceeds to
acquire or invest in complementary technologies, products or businesses.  The
notes are convertible into shares of HNC common stock and will be due September
1, 2008.

The securities to be offered have not been registered under the Securities Act,
or any state securities laws, and unless so registered, may not be offered or
sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act
and applicable state securities laws.