EXHIBIT 99.5

                              FORM OF GRANT LETTER

                                  [Insert Date]

Dear [Insert Name of Director]:

         This letter is to notify you that  Circuit  City  Stores,  Inc.  hereby
grants you [Insert  number of shares]  shares of Circuit City Group Common Stock
and  [Insert   number  of  shares]  shares  of  CarMax  Group  Common  Stock  in
consideration  of your  service to the Company as a director  from June 13, 2000
until the 2001 Annual Meeting of Shareholders.  Enclosed are share  certificates
representing the number of shares granted.

                                                  Sincerely,



                                                  W. Alan McCollough
                                                  President
                                                  and Chief Executive Officer



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