SECURITIES AND EXCHANGE COMMISSION

                         Washington, D.C.  20549

                         ------------------------

                               FORM 8-K

                            CURRENT REPORT



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)  August 31, 2000


           FORD CREDIT AUTO OWNER TRUST Series 2000-A,
           FORD CREDIT AUTO OWNER  TRUST  Series  2000-B,
           FORD  CREDIT  AUTO OWNER TRUST Series 2000-C and
           FORD CREDIT AUTO OWNER TRUST Series 2000-D

              (Ford Credit Auto Receivables Two L.P. - Originator)
         ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


Delaware                       333-82895             38-3295857
--------                       ---------             ----------
(State or other juris-   (Commission File Number) (IRS Employer
diction of incorporation                             I.D. No.)



One American Road, Dearborn, Michigan            48126
----------------------------------------       ----------
(Address of principal executive offices)      (Zip Code)


Registrant's telephone number, including area code  313-322-3000


<PAGE>

Item 5.  Other Events

     The Monthly  Servicing  Report relating to the Ford Credit Auto Owner Trust
Series 2000-A,  2000-B,  2000-C and 2000-D for the Collection  Period ended
August 31,  2000,  are  attached  hereto  as  Exhibits  19.1,   19.2,  19.3
and  19.4, respectively, and are incorporated herein by reference.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

                                    EXHIBITS

Designation          Description                             Method of Filing

-----------          ------------                            ----------------
Exhibit 19.1        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-A                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

Exhibit 19.2        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-B                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

Exhibit 19.3        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-C                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

Exhibit 19.4        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-D                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized on the date indicated.

                                    Ford Credit Auto Receivables Two L.P.
                                                (Registrant)

                                    By:  Ford Credit Auto Receivables
                                         Two, Inc., General Partner

Date:  September 15, 2000           By:/s/R. P. Conrad
                                    ---------------------------------
                                    Assistant Secretary

<PAGE>

                                  EXHIBIT INDEX

Designation                 Description

-----------                 -----------
Exhibit 19.1                Ford Credit Auto Owner
                            Trust Series 2000-A
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.

Exhibit 19.2                Ford Credit Auto Owner
                            Trust Series 2000-B
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.

Exhibit 19.3                Ford Credit Auto Owner
                            Trust Series 2000-C
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.

Exhibit 19.4                Ford Credit Auto Owner
                            Trust Series 2000-D
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.

<PAGE>

                                                                  Exhibit 19.1


                              Ford Motor Credit Company
                           Ford Credit Auto Owner Trust 2000-A
                              Monthly Servicing Report

       Collection Period                                           August, 2000
       Distribution Date                                                9/15/00

                                                                   Dollar Amount

       Total Portfolio                                      $  3,000,003,021.67
       Total Securities                                        2,891,060,000.00
       Class A-1 Notes                                           155,000,000.00
       Class A-2 Notes                                           377,000,000.00
       Class A-3 Notes                                         1,000,000,000.00
       Class A-4 Notes                                           975,000,000.00
       Class A-5 Notes                                           171,480,000.00
       Class B Notes                                              99,200,000.00
       Class C Certificates                                       56,690,000.00
       Class D Certificates                                       56,690,000.00

       I. COLLECTIONS
       Interest:
       Simple Interest Receivables Interest
            Interest Collections                            $     13,902,153.27
            Repurchased Loan Proceeds Related to Interest              9,457.95
                 Total Simple Interest Receivables Interest       13,911,611.22
       Pre Computed Receivables Interest Collections                  28,055.16
                 Total Interest Collections                       13,939,666.38

       Servicer Advances:
            Simple Interest Servicer Advances               $      2,244,293.24
            Precomputed Servicer Advances - Principal                 12,563.19
            Precomputed Servicer Advances - Interest                   3,403.62
                 Total Servicer Advances                           2,260,260.05

       Principal:
       Simple Interest Receivables Principal
            Principal Collections                           $     58,552,175.43
            Prepayments in Full                                   33,526,617.20
            Repurchased Loan Proceeds Related to Principal           852,531.71
                 Total Simple Interest Receivables Principal      92,931,324.34
       Pre Computed Receivables Principal
            Principal Collections                           $        113,220.22
            Prepayments in Full                                       46,999.35
            Prepayments in Full Due to Administrative Repurchases     10,047.04
            Payahead Draws                                             4,455.68
                 Total Pre Computed Receivables Principal            174,722.29
       Liquidation Proceeds                                          535,453.17
       Recoveries from Prior Month Charge-Offs                         6,925.15
                 Total Principal Collections                      93,648,424.95
       Principal Losses for Collection Period                      1,159,890.40
                 Total Regular Principal Reduction                94,278,500.22

       Total Collections                                    $    109,858,664.86
<PAGE>

                                                                          Amount
                                                                      Per $1,000
                                                                     of Original

       II. DISTRIBUTIONS                                     Amount   Principal
       Total Collections                           $ 109,858,664.86  $    38.00
       Reserve Account Release                                 0.00        0.00
       Reserve Account Draw                                    0.00        0.00
       Total Available for Distribution              109,858,664.86       38.00

       Servicing Fee:
       Servicing Fee Due                           $   2,115,569.32  $     0.73
       Servicing Fee Paid                              2,115,569.32        0.73
       Servicing Fee Shortfall                                 0.00        0.00

       Interest:
       Class A-1 Notes Monthly Interest
            Class A-1 Notes Monthly Interest Due   $           0.00  $     0.00
            Class A-1 Notes Monthly Interest Paid              0.00        0.00
            Class A-1 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-1 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-1 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-2 Notes Monthly Interest
            Class A-2 Notes Monthly Interest Due   $     354,352.68  $     0.94
            Class A-2 Notes Monthly Interest Paid        354,352.68        0.94
            Class A-2 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-2 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-2 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-3 Notes Monthly Interest
            Class A-3 Notes Monthly Interest Due   $   5,683,333.33  $     5.68
            Class A-3 Notes Monthly Interest Paid      5,683,333.33        5.68
            Class A-3 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-3 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-3 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-4 Notes Monthly Interest
            Class A-4 Notes Monthly Interest Due   $   5,760,625.00  $     5.91
            Class A-4 Notes Monthly Interest Paid      5,760,625.00        5.91
            Class A-4 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-4 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-4 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-5 Notes Monthly Interest
            Class A-5 Notes Monthly Interest Due   $   1,027,451.00  $     5.99
            Class A-5 Notes Monthly Interest Paid      1,027,451.00        5.99
            Class A-5 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-5 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-5 Notes Int. Carryover Shortfall    0.00        0.00

       Class B Notes Monthly Interest
            Class B Notes Monthly Interest Due     $     609,253.33  $     6.14
            Class B Notes Monthly Interest Paid          609,253.33        6.14
            Class B Notes Monthly Interest Shortfall           0.00        0.00
            Class B Notes Interest Carryover Shortfall         0.00        0.00
            Chg in Class B Notes Int. Carryover Shortfall      0.00        0.00
<PAGE>

       Total Note Monthly Interest
            Total Note Monthly Interest Due        $  13,435,015.34  $     4.84
            Total Note Monthly Interest Paid          13,435,015.34        4.84
            Total Note Monthly Interest Shortfall              0.00        0.00
            Total Note Interest Carryover Shortfall            0.00        0.00
            Chg in Total Note Int. Carryover Shortfall         0.00        0.00

       Class C Certificates Monthly Interest
            Class C Cert. Monthly Interest Due     $     366,122.92  $     6.46
            Class C Cert. Monthly Interest Paid          366,122.92        6.46
            Class C Cert. Monthly Interest Shortfall           0.00        0.00
            Class C Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class C Cert. Int. Carryover Shortfall      0.00        0.00

       Class D Certificates Monthly Interest
            Class D Cert. Monthly Interest Due     $     425,175.00  $     7.50
            Class D Cert. Monthly Interest Paid          425,175.00        7.50
            Class D Cert. Monthly Interest Shortfall           0.00        0.00
            Class D Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class D Cert. Int. Carryover Shortfall      0.00        0.00

       Total Note and Certificate Monthly Interest
            Total Note and Cert. Mthly Int. Due    $  14,226,313.26  $     4.92
            Total Note and Cert. Mthly Int. Paid      14,226,313.26        4.92
            Total Note and Cert. Mthly Int. Shortfall          0.00        0.00
            Total Note and Cert. Int. Carryover Shortfall      0.00        0.00
            Change in Total Note and Certificate Interest
                 Carryover Shortfall               $           0.00  $     0.00

       Total Available for Principal Distribution  $  93,516,782.28

       Principal:
       Principal Distribution Amounts
            First Priority Distribution Amount     $           0.00  $     0.00
            Second Priority Distribution Amount                0.00        0.00
            Regular Principal Distribution Amount    117,332,070.06       40.58
                 Principal Distribution Amount       117,332,070.06       40.58

       Principal Distribution Amounts Paid
            Class A-1 Notes Monthly Principal Paid $           0.00  $     0.00
            Class A-2 Notes Monthly Principal Paid    66,190,499.08      175.57
            Class A-3 Notes Monthly Principal Paid    27,326,283.20       27.33
            Class A-4 Notes Monthly Principal Paid             0.00        0.00
            Class A-5 Notes Monthly Principal Paid             0.00        0.00
            Class B Notes Monthly Principal Paid               0.00        0.00
                 Total Note Principal Paid            93,516,782.28       33.67

            Class C Cert. Monthly Principal Paid   $           0.00  $     0.00
            Class D Cert. Monthly Principal Paid               0.00        0.00
                 Total Monthly Principal Paid         93,516,782.28       32.35

       Collections Released to Servicer            $           0.00

       Total Available for Distribution            $ 109,858,664.86
       Total Distributions (incl. Servicing Fee)   $ 109,858,664.86
<PAGE>

       III. POOL BALANCE AND PORTFOLIO INFORMATION
       Balances and Pool Factors:                  Beginning             Ending
            Aggregate Balance of Notes   $  2,311,870,499.08 $ 2,218,353,716.80
            Note Pool Factor                       0.8323027          0.7986355
            Class A-1 Notes Balance                     0.00               0.00
            Class A-1 Notes Pool Factor            0.0000000          0.0000000
            Class A-2 Notes Balance            66,190,499.08               0.00
            Class A-2 Notes Pool Factor            0.1755716          0.0000000
            Class A-3 Notes Balance         1,000,000,000.00     972,673,716.80
            Class A-3 Notes Pool Factor            1.0000000          0.9726737
            Class A-4 Notes Balance           975,000,000.00     975,000,000.00
            Class A-4 Notes Pool Factor            1.0000000          1.0000000
            Class A-5 Notes Balance           171,480,000.00     171,480,000.00
            Class A-5 Notes Pool Factor            1.0000000          1.0000000
            Class B Notes Balance              99,200,000.00      99,200,000.00
            Class B Notes Pool Factor              1.0000000          1.0000000
            Class C Certificates Balance       56,690,000.00      56,690,000.00
            Class C Certificates Pool Factor       1.0000000          1.0000000
            Class D Certificates Balance       56,690,000.00      56,690,000.00
            Class D Certificates Pool Factor       1.0000000          1.0000000
            Total Note and Cert. Balance    2,425,250,499.08   2,331,733,716.80
       Portfolio Information:
            Wtd Average Coupon (WAC)                    7.62%              7.63%
            Wtd Average Remaining Maturity (WAM)       42.02              41.13
            Remaining Number of Receivables          197,565            194,190
            Portfolio Receivable Balance $  2,538,683,188.65 $ 2,444,404,688.43

       IV. OVERCOLLATERALIZATION INFORMATION
       Specified Overcollateralization Amount               $      9,444,031.77
       Specified Credit Enhancement Amount                        24,444,046.88
       Yield Supplement Overcollateralization Amount             127,042,227.64
       Target Level of Overcollateralization                     136,486,259.41

       V. RECONCILIATION OF RESERVE ACCOUNT
       Beginning Reserve Account Balance                    $     15,000,015.11
       Specified Reserve Account Balance                          15,000,015.11
            Reserve Release Amount                                         0.00
       Reserve Account Draws                                               0.00
            Interim Reserve Account Balance                       15,000,015.11
       Reserve Account Deposits Made                                       0.00
       Ending Reserve Account Balance                             15,000,015.11
       Change in Reserve Account Balance                                   0.00

       VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
       Liquidated Contracts:
            Liquidation Proceeds                            $        535,453.17
            Recoveries from Prior Month Charge-Offs                    6,925.15
       Total Losses for Collection Period                          1,305,148.81
       Charge-off Rate for Collection Period (annualized)                  0.36%
       Cumulative Net Losses for all Periods
       Delinquent Receivables:
            31-60 Days Delinquent                           $     14,984,841.79
            61-90 Days Delinquent                                  2,105,326.92
            91-120 Days Delinquent                                   744,383.98
            Over 120 Days Delinquent                                 348,746.27
       Repossesion Inventory                                $      2,287,277.99

       Ratio of Net Losses to the Average Pool Balance:
            Second Preceding Collection Period                           0.1671%
            Preceding Collection Period                                  0.2547%
            Current Collection Period                                    0.3674%
            Three Month Average                                          0.2631%
       Ratio of 60+ Delinquent Contracts to Outstanding Receivables
            Second Preceding Collection Period                           0.0693%
            Preceding Collection Period                                  0.1048%
            Current Collection Period                                    0.1246%
            Three Month Average                                          0.0996%


<PAGE>

                                                           EXHIBIT 19.2



                               Ford Motor Credit Company
                          Ford Credit Auto Owner Trust 2000-B
                               Monthly Servicing Report

     Collection Period                                             August, 2000
     Distribution Date                                                  9/15/00
                                                    Targeted
                                                   Scheduled

     Original Issuance                             Dist Date      Dollar Amount
     A1 Asset Backed Notes                          10/15/00     470,000,000.00
     A2 Asset Backed Notes                           4/15/01     388,000,000.00
     A3 Asset Backed Notes                          10/15/01     321,500,000.00
     A4 Asset Backed Notes                           4/15/02     249,000,000.00
     A5 Asset Backed Notes                          10/15/02     181,880,000.00
     B Asset Backed Notes                                         76,260,000.00
     C Asset Backed Certificates                                  43,580,000.00
     D Asset Backed Certificates                                  43,580,000.00
     Variable Pay Term Note 1                                    448,620,000.00

     Total Original Securities Issued                          2,222,420,000.00


     I. COLLECTIONS                                                       TOTAL
     Interest
     Simple Interest Receivables Interest
     Interest Collections                                        $11,352,897.15
     Repurchased Loan Proceeds Related to Interest                    17,281.30
     Total Simple Interest Receivables Interest                  $11,370,178.45

     Precomputed Receivables Interest Collections                     21,339.71
     Total Interest Collections                                  $11,391,518.16

     Servicer Advances:
     Simple Interest Servicer Advances                            $1,898,575.62
     Precomputed Servicer Advances - Principal                         8,557.91
     Precomputed Servicer Advances - Interest                          2,616.53
     Total Servicer Advances                                      $1,909,750.06

     Principal:
     Simple Interest Receivables Principal
     Principal Collections                                       $45,069,116.00
     Prepayments in Full                                          24,916,301.41
     Repurchased Loan Proceeds Related to Principal                1,016,409.00
     Total Simple Interest Receivables Principal                 $71,001,826.41

     Precomputed Receivables Principal
     Principal Collections                                           $77,040.56
     Prepayments in Full                                              25,503.24
     Prepayments in Full due to Admin Repurchases                          0.00
     Payahead Draws                                                    3,014.12
     Total Precomputed Receivables Principal                        $105,557.92


     Liquidation Proceeds                                           $372,217.93
     Recoveries from Prior Month Charge-Offs                          22,121.87
     Total Principal Collections                                 $71,501,724.13
     Principal Losses for Collection Period                          746,539.17
     Total Regular Principal Reduction                           $71,862,481.41


     Total Collections                                           $84,810,557.11


<PAGE>

                                                                      Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     II. DISTRIBUTIONS
     Total Collections                        $84,810,557.11
     Net Swap Receipt                                   0.00
     Reserve Account Draw                               0.00
     Reserve Account Release                            0.00
     VPTN Issuance Proceeds                             0.00
     Accumulation Account Draw                          0.00
     Total Avail for Distribution
       to Note and Certificate holders        $84,810,557.11

     Servicing Fee:                            $1,686,274.04
     Servicing Fee Due                          1,686,274.04
     Servicing Fee Paid                                 0.00
     Servicing Fee Shortfall

                                                  $24,532.76

     Net Swap Payment

     Class A1 Asset Backed Notes
       Monthly Interest Due                    $2,581,083.33              $5.49
       Monthly Interest Paid                    2,581,083.33               5.49
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class A2 Asset Backed Notes
       Monthly Interest Due                    $2,205,133.33              $5.68
       Monthly Interest Paid                    2,205,133.33               5.68
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class A3 Asset Backed Notes
       Monthly Interest Due                    $1,867,379.17              $5.81
       Monthly Interest Paid                    1,867,379.17               5.81
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class A4 Asset Backed Notes
       Monthly Interest Due                    $1,458,725.00              $5.86
       Monthly Interest Paid                    1,458,725.00               5.86
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00




<PAGE>

                                                                      Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     Class A5 Asset Backed Notes
       Monthly Interest Due                    $1,071,576.33              $5.89
       Monthly Interest Paid                    1,071,576.33               5.89
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class B Asset Backed Notes
       Monthly Interest Due                      $465,186.00              $6.10
       Monthly Interest Paid                      465,186.00               6.10
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class C Asset Backed Certificates
       Monthly Interest Due                      $279,638.33              $6.42
       Monthly Interest Paid                      279,638.33               6.42
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class D Asset Backed Certificates
       Monthly Interest Due                      $326,850.00              $7.50
       Monthly Interest Paid                      326,850.00               7.50
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class Variable Pay Term Note 1
       Monthly Interest Due                      $971,976.71              $2.17
       Monthly Interest Paid                      971,976.71               2.17
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Total Note Monthly Interest
      Monthly Interest Due                    $10,621,059.87              $4.97
      Monthly Interest Paid                    10,621,059.87               4.97
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00
<PAGE>


     Total Note and Certificate Monthly Interest
      Monthly Interest Due                    $11,227,548.20              $5.05
      Monthly Interest Paid                    11,227,548.20               5.05
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00


     Principal:
     Principal Distribution Amounts
     First Priority Distribution Amount                $0.00
     Second Priority Distribution Amount        1,797,034.00
     Regular Principal Distribution Amount     95,176,576.07
     Principal Distribution Amount            $96,973,610.07
                                                              Amount Per $1,000
     Principal Distribution Amounts Paid              Amount  of Orig Principal
     A1 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A2 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A3 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A4 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A5 Asset Backed Notes Prin Paid                   $0.00              $0.00
     B Asset Backed Notes Prin Paid                    $0.00              $0.00
     C Asset Backed Certificates Prin Paid             $0.00              $0.00
     D Asset Backed Certificates Prin Paid             $0.00              $0.00
     Variable Pay Term Note 1 Prin Paid       $71,872,202.11            $160.21


     Total Note Principal Paid                $71,872,202.11             $33.66
     Total Note and Certificate Prin Paid     $71,872,202.11             $32.34

     Deposit to Reserve                                $0.00
     Collections Released to Servicer                  $0.00
     Deposit to Accumulation Account                   $0.00


   III. POOL BALANCE AND PORTFOLIO INFORMATION   Beginning             Ending
   Balances and Pool Factors:
   A1 Asset Backed Notes Balance           $470,000,000.00    $470,000,000.00
   A1 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A2 Asset Backed Notes Balance           $388,000,000.00    $388,000,000.00
   A2 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A3 Asset Backed Notes Balance           $321,500,000.00    $321,500,000.00
   A3 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A4 Asset Backed Notes Balance           $249,000,000.00    $249,000,000.00
   A4 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A5 Asset Backed Notes Balance           $181,880,000.00    $181,880,000.00
   A5 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   B Asset Backed Notes Balance             $76,260,000.00     $76,260,000.00
   B Asset Backed Notes Pool Factor              1.0000000          1.0000000
   C Asset Backed Certificates Balance      $43,580,000.00     $43,580,000.00
   C Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   D Asset Backed Certificates Balance      $43,580,000.00     $43,580,000.00
   D Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   Variable Pay Term Note 1 Balance        $169,338,403.39     $97,466,201.28
   Variable Pay Term Note 1 Pool Factor          0.3774651          0.2172578

   Aggregate Balance of Notes            $1,855,978,403.39  $1,784,106,201.28
   Note Pool Factor                              0.8692049          0.8355452
   Total Note and Certificate Balance    $1,871,266,201.28  $1,871,266,201.28


   Portfolio Information:
   Weighted Average Coupon (WAC)                      7.84%              7.84%
   Weighted Average Remaining Maturity (WAM)         43.18              42.29
   Number of Contracts                             152,500            150,042
   Portfolio Receivable Balance          $2,023,528,847.36  $1,951,666,365.95

<PAGE>

                                                              Dollar Amount

     IV. OVERCOLLATERALIZATION INFORMATION
     Specified Overcollateralization Amount                       $8,016,576.07
     Specified Credit Enhancement Amount                         $19,516,663.66
     Yield Supplement Overcollateralization Amount               $97,484,996.56
     Target Level of Overcollateralization                      $105,501,572.63

     V. RECONCILIATION OF RESERVE ACCOUNT
     Beginning Reserve Account Balance                           $11,500,087.59
     Specified Reserve Account Balance                            11,500,087.59
     Reserve Release Amount                                                0.00
     Reserve Account Draws                                                 0.00
     Reserve Account Deposits Made                                         0.00
     Ending Reserve Account Balance                              $11,500,087.59
     Change in Reserve Account Balance                                    $0.00

     VI. RECONCILIATION OF ACCUMULATION ACCOUNT
     Beginning Accumulation Account Balance                               $0.00
     Deposit to Accumulation Account                                       0.00
     Release of Accumulated Balance                                        0.00
     Ending Accumulation Account Balance                                  $0.00

     VII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
     Liquidated Contracts:
     Liquidation Proceeds                                           $372,217.93
     Recoveries from Prior Month Charge-Offs                         $22,121.87
     Total Losses for Collection Period                             $834,717.02
     Charge-off Rate for Collection Period (annualized)                    0.26%
     Cumulative Net Losses for all Periods                        $1,092,428.22

     Delinquent Receivables
     31-60 Days Delinquent                                       $12,938,698.25
     61-90 Days Delinquent                                        $1,395,309.02
     91-120 Days Delinquent                                         $624,223.33
     Over 120 Days Delinquent                                       $264,148.73
     Repossesion Inventory                                        $1,427,931.38

     Ratio of Net Losses to the Average Pool Balance:
     Second Preceding Collection Period                                   0.098%
     Preceding Collection Period                                          0.180%
     Current Collection Period                                            0.266%
     Three Month Average                                                  0.181%

     Ratio of 60+ Delinq Contracts to O/S Receivables:
     Second Preceding Collection Period                                   0.057%
     Preceding Collection Period                                          0.097%
     Current Collection Period                                            0.113%
     Three Month Average                                                  0.089%


<PAGE>

                                                                    Exhibit 19.3



                          Ford Motor Credit Company
                     Ford Credit Auto Owner Trust 2000-C
                           Monthly Servicing Report

       Collection Period                                           August, 2000
       Distribution Date                                                9/15/00

                                                                   Dollar Amount

       Total Portfolio                                      $  2,999,970,568.02
       Total Securities                                        2,886,876,000.00
       Class A-1 Notes                                           197,000,000.00
       Class A-2 Notes                                           330,500,000.00
       Class A-3 Notes                                           995,000,000.00
       Class A-4 Notes                                           990,000,000.00
       Class A-5 Notes                                           162,107,000.00
       Class B Notes                                              99,059,000.00
       Class C Certificates                                       56,605,000.00
       Class D Certificates                                       56,605,000.00

       I. COLLECTIONS
       Interest:
       Simple Interest Receivables Interest
            Interest Collections                            $     16,144,034.73
            Repurchased Loan Proceeds Related to Interest              9,235.02
                 Total Simple Interest Receivables Interest       16,153,269.75
       Pre Computed Receivables Interest Collections                  37,271.87
                 Total Interest Collections                       16,190,541.62

       Servicer Advances:
            Simple Interest Servicer Advances               $      2,568,365.72
            Precomputed Servicer Advances - Principal                 11,914.63
            Precomputed Servicer Advances - Interest                   3,613.30
                 Total Servicer Advances                           2,583,893.65

       Principal:
       Simple Interest Receivables Principal
            Principal Collections                           $     61,215,071.59
            Prepayments in Full                                   33,023,627.29
            Repurchased Loan Proceeds Related to Principal           974,694.92
                 Total Simple Interest Receivables Principal      95,213,393.80
       Pre Computed Receivables Principal
            Principal Collections                           $        110,346.01
            Prepayments in Full                                       99,369.11
            Prepayments in Full Due to Administrative Repurchases          0.00
            Payahead Draws                                             5,188.94
                 Total Pre Computed Receivables Principal            214,904.06
       Liquidation Proceeds                                          113,917.34
       Recoveries from Prior Month Charge-Offs                             0.00
                 Total Principal Collections                      95,542,215.20
       Principal Losses for Collection Period                        223,730.52
                 Total Regular Principal Reduction                95,663,943.01

       Total Collections                                    $    114,316,650.47


<PAGE>

                                                                          Amount
                                                                      Per $1,000
                                                                     of Original

       II. DISTRIBUTIONS                                     Amount   Principal
       Total Collections                           $ 114,316,650.47  $    39.60
       Reserve Account Release                                 0.00        0.00
       Reserve Account Draw                                    0.00        0.00
       Total Available for Distribution              114,316,650.47       39.60

       Servicing Fee:
       Servicing Fee Due                           $   2,347,809.05  $     0.81
       Servicing Fee Paid                              2,347,809.05        0.81
       Servicing Fee Shortfall                                 0.00        0.00

       Interest:
       Class A-1 Notes Monthly Interest
            Class A-1 Notes Monthly Interest Due   $      58,297.43  $     0.30
            Class A-1 Notes Monthly Interest Paid         58,297.43        0.30
            Class A-1 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-1 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-1 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-2 Notes Monthly Interest
            Class A-2 Notes Monthly Interest Due   $   1,941,522.25  $     5.87
            Class A-2 Notes Monthly Interest Paid      1,941,522.25        5.87
            Class A-2 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-2 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-2 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-3 Notes Monthly Interest
            Class A-3 Notes Monthly Interest Due   $   5,911,958.33  $     5.94
            Class A-3 Notes Monthly Interest Paid      5,911,958.33        5.94
            Class A-3 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-3 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-3 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-4 Notes Monthly Interest
            Class A-4 Notes Monthly Interest Due   $   5,973,000.00  $     6.03
            Class A-4 Notes Monthly Interest Paid      5,973,000.00        6.03
            Class A-4 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-4 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-4 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-5 Notes Monthly Interest
            Class A-5 Notes Monthly Interest Due   $     980,747.35  $     6.05
            Class A-5 Notes Monthly Interest Paid        980,747.35        6.05
            Class A-5 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-5 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-5 Notes Int. Carryover Shortfall    0.00        0.00

       Class B Notes Monthly Interest
            Class B Notes Monthly Interest Due     $     619,118.75  $     6.25
            Class B Notes Monthly Interest Paid          619,118.75        6.25
            Class B Notes Monthly Interest Shortfall           0.00        0.00
            Class B Notes Interest Carryover Shortfall         0.00        0.00
            Chg in Class B Notes Int. Carryover Shortfall      0.00        0.00
<PAGE>

       Total Note Monthly Interest
            Total Note Monthly Interest Due        $  15,484,644.11  $     5.58
            Total Note Monthly Interest Paid          15,484,644.11        5.58
            Total Note Monthly Interest Shortfall              0.00        0.00
            Total Note Interest Carryover Shortfall            0.00        0.00
            Chg in Total Note Int. Carryover Shortfall         0.00        0.00

       Class C Certificates Monthly Interest
            Class C Cert. Monthly Interest Due     $     372,177.87  $     6.57
            Class C Cert. Monthly Interest Paid          372,177.87        6.57
            Class C Cert. Monthly Interest Shortfall           0.00        0.00
            Class C Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class C Cert. Int. Carryover Shortfall      0.00        0.00

       Class D Certificates Monthly Interest
            Class D Cert. Monthly Interest Due     $     424,537.50  $     7.50
            Class D Cert. Monthly Interest Paid          424,537.50        7.50
            Class D Cert. Monthly Interest Shortfall           0.00        0.00
            Class D Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class D Cert. Int. Carryover Shortfall      0.00        0.00

       Total Note and Certificate Monthly Interest
            Total Note and Cert. Mthly Int. Due    $  16,281,359.48  $     5.64
            Total Note and Cert. Mthly Int. Paid      16,281,359.48        5.64
            Total Note and Cert. Mthly Int. Shortfall          0.00        0.00
            Total Note and Cert. Int. Carryover Shortfall      0.00        0.00
            Change in Total Note and Certificate Interest
                 Carryover Shortfall               $           0.00  $     0.00

       Total Available for Principal Distribution  $  95,687,481.94

       Principal:
       Principal Distribution Amounts
            First Priority Distribution Amount     $           0.00  $     0.00
            Second Priority Distribution Amount                0.00        0.00
            Regular Principal Distribution Amount    340,725,078.18      118.03
                 Principal Distribution Amount       340,725,078.18      118.03

       Principal Distribution Amounts Paid
            Class A-1 Notes Monthly Principal Paid $  10,225,078.18  $    51.90
            Class A-2 Notes Monthly Principal Paid    85,462,403.76      258.59
            Class A-3 Notes Monthly Principal Paid             0.00        0.00
            Class A-4 Notes Monthly Principal Paid             0.00        0.00
            Class A-5 Notes Monthly Principal Paid             0.00        0.00
            Class B Notes Monthly Principal Paid               0.00        0.00
                 Total Note Principal Paid            95,687,481.94       34.50

            Class C Cert. Monthly Principal Paid   $           0.00  $     0.00
            Class D Cert. Monthly Principal Paid               0.00        0.00
                 Total Monthly Principal Paid         95,687,481.94       33.15

       Collections Released to Servicer            $           0.00

       Total Available for Distribution            $ 114,316,650.47
       Total Distributions (incl. Servicing Fee)   $ 114,316,650.47
<PAGE>

       III. POOL BALANCE AND PORTFOLIO INFORMATION
       Balances and Pool Factors:                  Beginning             Ending
            Aggregate Balance of Notes   $  2,586,891,078.18 $ 2,491,203,596.24
            Note Pool Factor                       0.9326614          0.8981628
            Class A-1 Notes Balance            10,225,078.18               0.00
            Class A-1 Notes Pool Factor            0.0519040          0.0000000
            Class A-2 Notes Balance           330,500,000.00     245,037,596.24
            Class A-2 Notes Pool Factor            1.0000000          0.7414148
            Class A-3 Notes Balance           995,000,000.00     995,000,000.00
            Class A-3 Notes Pool Factor            1.0000000          1.0000000
            Class A-4 Notes Balance           990,000,000.00     990,000,000.00
            Class A-4 Notes Pool Factor            1.0000000          1.0000000
            Class A-5 Notes Balance           162,107,000.00     162,107,000.00
            Class A-5 Notes Pool Factor            1.0000000          1.0000000
            Class B Notes Balance              99,059,000.00      99,059,000.00
            Class B Notes Pool Factor              1.0000000          1.0000000
            Class C Certificates Balance       56,605,000.00      56,605,000.00
            Class C Certificates Pool Factor       1.0000000          1.0000000
            Class D Certificates Balance       56,605,000.00      56,605,000.00
            Class D Certificates Pool Factor       1.0000000          1.0000000
            Total Note and Cert. Balance    2,700,101,078.18   2,604,413,596.24
       Portfolio Information:
            Wtd Average Coupon (WAC)                    7.96%              7.96%
            Wtd Average Remaining Maturity (WAM)       44.62              43.72
            Remaining Number of Receivables          205,345            202,206
            Portfolio Receivable Balance $  2,817,370,854.81 $ 2,721,706,911.80

       IV. OVERCOLLATERALIZATION INFORMATION
       Specified Overcollateralization Amount               $     12,217,216.28
       Specified Credit Enhancement Amount                        27,217,069.12
       Yield Supplement Overcollateralization Amount                       0.00
       Target Level of Overcollateralization                      12,217,216.28

       V. RECONCILIATION OF RESERVE ACCOUNT
       Beginning Reserve Account Balance                    $     14,999,852.84
       Specified Reserve Account Balance                          14,999,852.84
            Reserve Release Amount                                         0.00
       Reserve Account Draws                                               0.00
            Interim Reserve Account Balance                       14,999,852.84
       Reserve Account Deposits Made                                       0.00
       Ending Reserve Account Balance                             14,999,852.84
       Change in Reserve Account Balance                                   0.00

       VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
       Liquidated Contracts:
            Liquidation Proceeds                            $        113,917.34
            Recoveries from Prior Month Charge-Offs                        0.00
       Total Losses for Collection Period                            316,267.89
       Charge-off Rate for Collection Period (annualized)                  0.09%
       Cumulative Net Losses for all Periods
       Delinquent Receivables:
            31-60 Days Delinquent                           $     11,406,022.77
            61-90 Days Delinquent                                  1,768,193.79
            91-120 Days Delinquent                                    99,761.49
            Over 120 Days Delinquent                                  49,021.58
       Repossesion Inventory                                $      1,043,061.41

       Ratio of Net Losses to the Average Pool Balance:
            Second Preceding Collection Period                           0.0188%
            Preceding Collection Period                                  0.0609%
            Current Collection Period                                    0.0877%
            Three Month Average                                          0.0558%
       Ratio of 60+ Delinquent Contracts to Outstanding Receivables
            Second Preceding Collection Period                           0.0010%
            Preceding Collection Period                                  0.0054%
            Current Collection Period                                    0.0717%
            Three Month Average                                          0.0260%

<PAGE>

                                                                    Exhibit 19.4




                               Ford Motor Credit Company
                          Ford Credit Auto Owner Trust 2000-D
                               Monthly Servicing Report

     Collection Period                                             August, 2000
     Distribution Date                                                  9/15/00
                                                    Targeted
                                                   Scheduled

     Original Issuance                             Dist Date      Dollar Amount
     A1 Asset Backed Notes                           1/15/01     439,000,000.00
     A2 Asset Backed Notes                           7/15/01     360,000,000.00
     A3 Asset Backed Notes                           1/15/02     294,000,000.00
     A4 Asset Backed Notes                           7/15/02     227,000,000.00
     A5 Asset Backed Notes                           1/15/03     153,000,000.00
     B Asset Backed Notes                                         72,724,000.00
     C Asset Backed Certificates                                  41,557,000.00
     D Asset Backed Certificates                                  41,557,000.00
     Variable Pay Term Note 1                                    490,556,000.00

     Total Original Securities Issued                          2,119,394,000.00


     I. COLLECTIONS                                                       TOTAL
     Interest
     Simple Interest Receivables Interest
     Interest Collections                                        $12,365,754.22
     Repurchased Loan Proceeds Related to Interest                     6,190.15
     Total Simple Interest Receivables Interest                  $12,371,944.37

     Precomputed Receivables Interest Collections                     32,264.72
     Total Interest Collections                                  $12,404,209.09

     Servicer Advances:
     Simple Interest Servicer Advances                            $1,976,817.62
     Precomputed Servicer Advances - Principal                         8,942.21
     Precomputed Servicer Advances - Interest                          3,473.68
     Total Servicer Advances                                      $1,989,233.51

     Principal:
     Simple Interest Receivables Principal
     Principal Collections                                       $44,990,550.37
     Prepayments in Full                                          22,426,787.85
     Repurchased Loan Proceeds Related to Principal                  910,148.40
     Total Simple Interest Receivables Principal                 $68,327,486.62

     Precomputed Receivables Principal
     Principal Collections                                           $96,976.48
     Prepayments in Full                                              73,055.27
     Prepayments in Full due to Admin Repurchases                          0.00
     Payahead Draws                                                    4,263.18
     Total Precomputed Receivables Principal                        $174,294.93


     Liquidation Proceeds                                            $80,216.71
     Recoveries from Prior Month Charge-Offs                               0.00
     Total Principal Collections                                 $68,581,998.26
     Principal Losses for Collection Period                          140,678.36
     Total Regular Principal Reduction                           $68,651,402.12


     Total Collections                                           $82,975,440.86



<PAGE>

                                                                      Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     II. DISTRIBUTIONS
     Total Collections                        $82,975,440.86
     Net Swap Receipt                                   0.00
     Reserve Account Draw                               0.00
     Reserve Account Release                            0.00
     VPTN Issuance Proceeds                             0.00
     Accumulation Account Draw                          0.00
     Total Avail for Distribution
       to Note and Certificate holders        $82,975,440.86

     Servicing Fee:                            $1,780,509.21
     Servicing Fee Due                          1,780,509.21
     Servicing Fee Paid                                 0.00
     Servicing Fee Shortfall

                                                  $99,887.67

     Net Swap Payment

     Class A1 Asset Backed Notes
       Monthly Interest Due                    $2,563,760.00              $5.84
       Monthly Interest Paid                    2,563,760.00               5.84
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class A2 Asset Backed Notes
       Monthly Interest Due                    $2,118,000.00              $5.88
       Monthly Interest Paid                    2,118,000.00               5.88
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class A3 Asset Backed Notes
       Monthly Interest Due                    $1,751,750.00              $5.96
       Monthly Interest Paid                    1,751,750.00               5.96
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class A4 Asset Backed Notes
       Monthly Interest Due                    $1,348,758.33              $5.94
       Monthly Interest Paid                    1,348,758.33               5.94
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00



<PAGE>

                                                                      Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     Class A5 Asset Backed Notes
       Monthly Interest Due                      $911,625.00              $5.96
       Monthly Interest Paid                      911,625.00               5.96
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class B Asset Backed Notes
       Monthly Interest Due                      $448,464.67              $6.17
       Monthly Interest Paid                      448,464.67               6.17
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class C Asset Backed Certificates
       Monthly Interest Due                      $273,929.89              $6.59
       Monthly Interest Paid                      273,929.89               6.59
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class D Asset Backed Certificates
       Monthly Interest Due                      $311,677.50              $7.50
       Monthly Interest Paid                      311,677.50               7.50
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Class Variable Pay Term Note 1
       Monthly Interest Due                    $2,416,579.60              $4.93
       Monthly Interest Paid                    2,416,579.60               4.93
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00


     Total Note Monthly Interest
      Monthly Interest Due                    $11,558,937.60              $5.68
      Monthly Interest Paid                    11,558,937.60               5.68
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00


     Total Note and Certificate Monthly Interest
      Monthly Interest Due                    $12,144,544.99              $5.73
      Monthly Interest Paid                    12,144,544.99               5.73
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00

<PAGE>

     Principal:
     Principal Distribution Amounts
     First Priority Distribution Amount                $0.00
     Second Priority Distribution Amount       12,276,719.02
     Regular Principal Distribution Amount     92,793,710.48
     Principal Distribution Amount           $105,070,429.50


                                                              Amount Per $1,000
     Principal Distribution Amounts Paid              Amount  of Orig Principal
     A1 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A2 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A3 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A4 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A5 Asset Backed Notes Prin Paid                   $0.00              $0.00
     B Asset Backed Notes Prin Paid                    $0.00              $0.00
     C Asset Backed Certificates Prin Paid             $0.00              $0.00
     D Asset Backed Certificates Prin Paid             $0.00              $0.00
     Variable Pay Term Note 1 Prin Paid       $68,950,498.99            $140.56


     Total Note Principal Paid                $68,950,498.99             $33.86
     Total Note and Certificate Prin Paid     $68,950,498.99             $32.53

     Deposit to Reserve                                $0.00
     Collections Released to Servicer                  $0.00
     Deposit to Accumulation Account                   $0.00


   III. POOL BALANCE AND PORTFOLIO INFORMATION   Beginning             Ending
   Balances and Pool Factors:
   A1 Asset Backed Notes Balance           $439,000,000.00    $439,000,000.00
   A1 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A2 Asset Backed Notes Balance           $360,000,000.00    $360,000,000.00
   A2 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A3 Asset Backed Notes Balance           $294,000,000.00    $294,000,000.00
   A3 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A4 Asset Backed Notes Balance           $227,000,000.00    $227,000,000.00
   A4 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A5 Asset Backed Notes Balance           $153,000,000.00    $153,000,000.00
   A5 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   B Asset Backed Notes Balance             $72,724,000.00     $72,724,000.00
   B Asset Backed Notes Pool Factor              1.0000000          1.0000000
   C Asset Backed Certificates Balance      $41,557,000.00     $41,557,000.00
   C Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   D Asset Backed Certificates Balance      $41,557,000.00     $41,557,000.00
   D Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   Variable Pay Term Note 1 Balance        $422,285,096.43    $353,334,597.44
   Variable Pay Term Note 1 Pool Factor          0.8608295          0.7202737

   Aggregate Balance of Notes            $1,968,009,096.43  $1,899,058,597.44
   Note Pool Factor                              0.9664727          0.9326117
   Total Note and Certificate Balance    $1,982,172,597.44  $1,982,172,597.44

   Portfolio Information:
   Weighted Average Coupon (WAC)                      8.05%              8.05%
   Weighted Average Remaining Maturity (WAM)         45.71              44.81
   Number of Contracts                             152,012            149,881
   Portfolio Receivable Balance          $2,136,611,048.17  $2,067,959,646.05


<PAGE>

                                                                   Dollar Amount

     IV. OVERCOLLATERALIZATION INFORMATION
     Specified Overcollateralization Amount                       $9,679,710.48
     Specified Credit Enhancement Amount                         $20,679,596.46
     Yield Supplement Overcollateralization Amount              $112,227,268.64
     Target Level of Overcollateralization                      $121,906,979.12

     V. RECONCILIATION OF RESERVE ACCOUNT
     Beginning Reserve Account Balance                                    $0.00
     Specified Reserve Account Balance                            10,999,885.98
     Reserve Release Amount                                                0.00
     Reserve Account Draws                                                 0.00
     Reserve Account Deposits Made                                         0.00
     Ending Reserve Account Balance                              $10,999,885.98
     Change in Reserve Account Balance                           $10,999,885.98

     VI. RECONCILIATION OF ACCUMULATION ACCOUNT
     Beginning Accumulation Account Balance                               $0.00
     Deposit to Accumulation Account                                       0.00
     Release of Accumulated Balance                                        0.00
     Ending Accumulation Account Balance                                  $0.00

     VII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
     Liquidated Contracts:
     Liquidation Proceeds                                            $80,216.71
     Recoveries from Prior Month Charge-Offs                              $0.00
     Total Losses for Collection Period                             $188,044.30
     Charge-off Rate for Collection Period (annualized)                    0.06%
     Cumulative Net Losses for all Periods                          $132,314.56

     Delinquent Receivables
     31-60 Days Delinquent                                        $8,869,440.63
     61-90 Days Delinquent                                          $175,233.55
     91-120 Days Delinquent                                          $50,927.95
     Over 120 Days Delinquent                                        $14,938.09
     Repossesion Inventory                                          $252,340.01

     Ratio of Net Losses to the Average Pool Balance:
     Second Preceding Collection Period                                   0.000%
     Preceding Collection Period                                          0.014%
     Current Collection Period                                            0.062%
     Three Month Average                                                  0.000%

     Ratio of 60+ Delinq Contracts to O/S Receivables:
     Second Preceding Collection Period                                   0.000%
     Preceding Collection Period                                          0.003%
     Current Collection Period                                            0.009%
     Three Month Average                                                  0.000%
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{"company-data": {"conformed-name": "FORD CREDIT AUTO RECEIVABLES TWO L P", "cik": "0001008949", "assigned-sic": "6189", "irs-number": "383295857", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29043", "film-number": "724035"}, "business-address": {"street1": "THE AMERICAN ROAD", "street2": "P O BOX 6044", "city": "DEARBORN", "state": "MI", "zip": "48121", "phone": "3133223000"}, "mail-address": {"street1": "THE AMERICAN ROAD", "street2": "P O BOX 6044", "city": "DEARBORN", "state": "MI", "zip": "48121"}}
SECURITIES AND EXCHANGE COMMISSION

                         Washington, D.C.  20549

                         ------------------------

                               FORM 8-K

                            CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  August 31, 2000

           FORD CREDIT AUTO OWNER TRUST Series 2000-A,
           FORD CREDIT AUTO OWNER  TRUST  Series  2000-B,
           FORD  CREDIT  AUTO OWNER TRUST Series 2000-C and
           FORD CREDIT AUTO OWNER TRUST Series 2000-D

              (Ford Credit Auto Receivables Two L.P. - Originator)
         ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

Delaware                       333-82895             38-3295857
--------                       ---------             ----------
(State or other juris-   (Commission File Number) (IRS Employer
diction of incorporation                             I.D. No.)

One American Road, Dearborn, Michigan            48126
----------------------------------------       ----------
(Address of principal executive offices)      (Zip Code)

Registrant's telephone number, including area code  313-322-3000
Item 5.  Other Events

     The Monthly  Servicing  Report relating to the Ford Credit Auto Owner Trust
Series 2000-A,  2000-B,  2000-C and 2000-D for the Collection  Period ended
August 31,  2000,  are  attached  hereto  as  Exhibits  19.1,   19.2,  19.3
and  19.4, respectively, and are incorporated herein by reference.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

                                    EXHIBITS

Designation          Description                             Method of Filing

-----------          ------------                            ----------------
Exhibit 19.1        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-A                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

Exhibit 19.2        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-B                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

Exhibit 19.3        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-C                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

Exhibit 19.4        Ford Credit Auto Owner                   Filed with
                    Trust Series 2000-D                      this Report.
                    Servicing Report for the
                    Collection Period ended
                    August 31, 2000.

                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized on the date indicated.

                                    Ford Credit Auto Receivables Two L.P.
                                                (Registrant)

                                    By:  Ford Credit Auto Receivables
                                         Two, Inc., General Partner

Date:  September 15, 2000           By:/s/R. P. Conrad
                                    ---------------------------------
                                    Assistant Secretary
EXHIBIT INDEX

Designation                 Description

-----------                 -----------
Exhibit 19.1                Ford Credit Auto Owner
                            Trust Series 2000-A
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.

Exhibit 19.2                Ford Credit Auto Owner
                            Trust Series 2000-B
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.

Exhibit 19.3                Ford Credit Auto Owner
                            Trust Series 2000-C
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.

Exhibit 19.4                Ford Credit Auto Owner
                            Trust Series 2000-D
                            Servicing Report for the
                            Collection Period ended
                            August 31, 2000.
Exhibit 19.1

                              Ford Motor Credit Company
                           Ford Credit Auto Owner Trust 2000-A
                              Monthly Servicing Report

       Collection Period                                           August, 2000
       Distribution Date                                                9/15/00

                                                                   Dollar Amount

       Total Portfolio                                      $  3,000,003,021.67
       Total Securities                                        2,891,060,000.00
       Class A-1 Notes                                           155,000,000.00
       Class A-2 Notes                                           377,000,000.00
       Class A-3 Notes                                         1,000,000,000.00
       Class A-4 Notes                                           975,000,000.00
       Class A-5 Notes                                           171,480,000.00
       Class B Notes                                              99,200,000.00
       Class C Certificates                                       56,690,000.00
       Class D Certificates                                       56,690,000.00

       I. COLLECTIONS
       Interest:
       Simple Interest Receivables Interest
            Interest Collections                            $     13,902,153.27
            Repurchased Loan Proceeds Related to Interest              9,457.95
                 Total Simple Interest Receivables Interest       13,911,611.22
       Pre Computed Receivables Interest Collections                  28,055.16
                 Total Interest Collections                       13,939,666.38

       Servicer Advances:
            Simple Interest Servicer Advances               $      2,244,293.24
            Precomputed Servicer Advances - Principal                 12,563.19
            Precomputed Servicer Advances - Interest                   3,403.62
                 Total Servicer Advances                           2,260,260.05

       Principal:
       Simple Interest Receivables Principal
            Principal Collections                           $     58,552,175.43
            Prepayments in Full                                   33,526,617.20
            Repurchased Loan Proceeds Related to Principal           852,531.71
                 Total Simple Interest Receivables Principal      92,931,324.34
       Pre Computed Receivables Principal
            Principal Collections                           $        113,220.22
            Prepayments in Full                                       46,999.35
            Prepayments in Full Due to Administrative Repurchases     10,047.04
            Payahead Draws                                             4,455.68
                 Total Pre Computed Receivables Principal            174,722.29
       Liquidation Proceeds                                          535,453.17
       Recoveries from Prior Month Charge-Offs                         6,925.15
                 Total Principal Collections                      93,648,424.95
       Principal Losses for Collection Period                      1,159,890.40
                 Total Regular Principal Reduction                94,278,500.22

       Total Collections                                    $    109,858,664.86
Amount
                                                                      Per $1,000
                                                                     of Original

       II. DISTRIBUTIONS                                     Amount   Principal
       Total Collections                           $ 109,858,664.86  $    38.00
       Reserve Account Release                                 0.00        0.00
       Reserve Account Draw                                    0.00        0.00
       Total Available for Distribution              109,858,664.86       38.00

       Servicing Fee:
       Servicing Fee Due                           $   2,115,569.32  $     0.73
       Servicing Fee Paid                              2,115,569.32        0.73
       Servicing Fee Shortfall                                 0.00        0.00

       Interest:
       Class A-1 Notes Monthly Interest
            Class A-1 Notes Monthly Interest Due   $           0.00  $     0.00
            Class A-1 Notes Monthly Interest Paid              0.00        0.00
            Class A-1 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-1 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-1 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-2 Notes Monthly Interest
            Class A-2 Notes Monthly Interest Due   $     354,352.68  $     0.94
            Class A-2 Notes Monthly Interest Paid        354,352.68        0.94
            Class A-2 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-2 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-2 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-3 Notes Monthly Interest
            Class A-3 Notes Monthly Interest Due   $   5,683,333.33  $     5.68
            Class A-3 Notes Monthly Interest Paid      5,683,333.33        5.68
            Class A-3 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-3 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-3 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-4 Notes Monthly Interest
            Class A-4 Notes Monthly Interest Due   $   5,760,625.00  $     5.91
            Class A-4 Notes Monthly Interest Paid      5,760,625.00        5.91
            Class A-4 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-4 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-4 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-5 Notes Monthly Interest
            Class A-5 Notes Monthly Interest Due   $   1,027,451.00  $     5.99
            Class A-5 Notes Monthly Interest Paid      1,027,451.00        5.99
            Class A-5 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-5 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-5 Notes Int. Carryover Shortfall    0.00        0.00

       Class B Notes Monthly Interest
            Class B Notes Monthly Interest Due     $     609,253.33  $     6.14
            Class B Notes Monthly Interest Paid          609,253.33        6.14
            Class B Notes Monthly Interest Shortfall           0.00        0.00
            Class B Notes Interest Carryover Shortfall         0.00        0.00
            Chg in Class B Notes Int. Carryover Shortfall      0.00        0.00
Total Note Monthly Interest
            Total Note Monthly Interest Due        $  13,435,015.34  $     4.84
            Total Note Monthly Interest Paid          13,435,015.34        4.84
            Total Note Monthly Interest Shortfall              0.00        0.00
            Total Note Interest Carryover Shortfall            0.00        0.00
            Chg in Total Note Int. Carryover Shortfall         0.00        0.00

       Class C Certificates Monthly Interest
            Class C Cert. Monthly Interest Due     $     366,122.92  $     6.46
            Class C Cert. Monthly Interest Paid          366,122.92        6.46
            Class C Cert. Monthly Interest Shortfall           0.00        0.00
            Class C Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class C Cert. Int. Carryover Shortfall      0.00        0.00

       Class D Certificates Monthly Interest
            Class D Cert. Monthly Interest Due     $     425,175.00  $     7.50
            Class D Cert. Monthly Interest Paid          425,175.00        7.50
            Class D Cert. Monthly Interest Shortfall           0.00        0.00
            Class D Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class D Cert. Int. Carryover Shortfall      0.00        0.00

       Total Note and Certificate Monthly Interest
            Total Note and Cert. Mthly Int. Due    $  14,226,313.26  $     4.92
            Total Note and Cert. Mthly Int. Paid      14,226,313.26        4.92
            Total Note and Cert. Mthly Int. Shortfall          0.00        0.00
            Total Note and Cert. Int. Carryover Shortfall      0.00        0.00
            Change in Total Note and Certificate Interest
                 Carryover Shortfall               $           0.00  $     0.00

       Total Available for Principal Distribution  $  93,516,782.28

       Principal:
       Principal Distribution Amounts
            First Priority Distribution Amount     $           0.00  $     0.00
            Second Priority Distribution Amount                0.00        0.00
            Regular Principal Distribution Amount    117,332,070.06       40.58
                 Principal Distribution Amount       117,332,070.06       40.58

       Principal Distribution Amounts Paid
            Class A-1 Notes Monthly Principal Paid $           0.00  $     0.00
            Class A-2 Notes Monthly Principal Paid    66,190,499.08      175.57
            Class A-3 Notes Monthly Principal Paid    27,326,283.20       27.33
            Class A-4 Notes Monthly Principal Paid             0.00        0.00
            Class A-5 Notes Monthly Principal Paid             0.00        0.00
            Class B Notes Monthly Principal Paid               0.00        0.00
                 Total Note Principal Paid            93,516,782.28       33.67

            Class C Cert. Monthly Principal Paid   $           0.00  $     0.00
            Class D Cert. Monthly Principal Paid               0.00        0.00
                 Total Monthly Principal Paid         93,516,782.28       32.35

       Collections Released to Servicer            $           0.00

       Total Available for Distribution            $ 109,858,664.86
       Total Distributions (incl. Servicing Fee)   $ 109,858,664.86
III. POOL BALANCE AND PORTFOLIO INFORMATION
       Balances and Pool Factors:                  Beginning             Ending
            Aggregate Balance of Notes   $  2,311,870,499.08 $ 2,218,353,716.80
            Note Pool Factor                       0.8323027          0.7986355
            Class A-1 Notes Balance                     0.00               0.00
            Class A-1 Notes Pool Factor            0.0000000          0.0000000
            Class A-2 Notes Balance            66,190,499.08               0.00
            Class A-2 Notes Pool Factor            0.1755716          0.0000000
            Class A-3 Notes Balance         1,000,000,000.00     972,673,716.80
            Class A-3 Notes Pool Factor            1.0000000          0.9726737
            Class A-4 Notes Balance           975,000,000.00     975,000,000.00
            Class A-4 Notes Pool Factor            1.0000000          1.0000000
            Class A-5 Notes Balance           171,480,000.00     171,480,000.00
            Class A-5 Notes Pool Factor            1.0000000          1.0000000
            Class B Notes Balance              99,200,000.00      99,200,000.00
            Class B Notes Pool Factor              1.0000000          1.0000000
            Class C Certificates Balance       56,690,000.00      56,690,000.00
            Class C Certificates Pool Factor       1.0000000          1.0000000
            Class D Certificates Balance       56,690,000.00      56,690,000.00
            Class D Certificates Pool Factor       1.0000000          1.0000000
            Total Note and Cert. Balance    2,425,250,499.08   2,331,733,716.80
       Portfolio Information:
            Wtd Average Coupon (WAC)                    7.62%              7.63%
            Wtd Average Remaining Maturity (WAM)       42.02              41.13
            Remaining Number of Receivables          197,565            194,190
            Portfolio Receivable Balance $  2,538,683,188.65 $ 2,444,404,688.43

       IV. OVERCOLLATERALIZATION INFORMATION
       Specified Overcollateralization Amount               $      9,444,031.77
       Specified Credit Enhancement Amount                        24,444,046.88
       Yield Supplement Overcollateralization Amount             127,042,227.64
       Target Level of Overcollateralization                     136,486,259.41

       V. RECONCILIATION OF RESERVE ACCOUNT
       Beginning Reserve Account Balance                    $     15,000,015.11
       Specified Reserve Account Balance                          15,000,015.11
            Reserve Release Amount                                         0.00
       Reserve Account Draws                                               0.00
            Interim Reserve Account Balance                       15,000,015.11
       Reserve Account Deposits Made                                       0.00
       Ending Reserve Account Balance                             15,000,015.11
       Change in Reserve Account Balance                                   0.00

       VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
       Liquidated Contracts:
            Liquidation Proceeds                            $        535,453.17
            Recoveries from Prior Month Charge-Offs                    6,925.15
       Total Losses for Collection Period                          1,305,148.81
       Charge-off Rate for Collection Period (annualized)                  0.36%
       Cumulative Net Losses for all Periods
       Delinquent Receivables:
            31-60 Days Delinquent                           $     14,984,841.79
            61-90 Days Delinquent                                  2,105,326.92
            91-120 Days Delinquent                                   744,383.98
            Over 120 Days Delinquent                                 348,746.27
       Repossesion Inventory                                $      2,287,277.99

       Ratio of Net Losses to the Average Pool Balance:
            Second Preceding Collection Period                           0.1671%
            Preceding Collection Period                                  0.2547%
            Current Collection Period                                    0.3674%
            Three Month Average                                          0.2631%
       Ratio of 60+ Delinquent Contracts to Outstanding Receivables
            Second Preceding Collection Period                           0.0693%
            Preceding Collection Period                                  0.1048%
            Current Collection Period                                    0.1246%
            Three Month Average                                          0.0996%
EXHIBIT 19.2

                               Ford Motor Credit Company
                          Ford Credit Auto Owner Trust 2000-B
                               Monthly Servicing Report

     Collection Period                                             August, 2000
     Distribution Date                                                  9/15/00
                                                    Targeted
                                                   Scheduled

     Original Issuance                             Dist Date      Dollar Amount
     A1 Asset Backed Notes                          10/15/00     470,000,000.00
     A2 Asset Backed Notes                           4/15/01     388,000,000.00
     A3 Asset Backed Notes                          10/15/01     321,500,000.00
     A4 Asset Backed Notes                           4/15/02     249,000,000.00
     A5 Asset Backed Notes                          10/15/02     181,880,000.00
     B Asset Backed Notes                                         76,260,000.00
     C Asset Backed Certificates                                  43,580,000.00
     D Asset Backed Certificates                                  43,580,000.00
     Variable Pay Term Note 1                                    448,620,000.00

     Total Original Securities Issued                          2,222,420,000.00

     I. COLLECTIONS                                                       TOTAL
     Interest
     Simple Interest Receivables Interest
     Interest Collections                                        $11,352,897.15
     Repurchased Loan Proceeds Related to Interest                    17,281.30
     Total Simple Interest Receivables Interest                  $11,370,178.45

     Precomputed Receivables Interest Collections                     21,339.71
     Total Interest Collections                                  $11,391,518.16

     Servicer Advances:
     Simple Interest Servicer Advances                            $1,898,575.62
     Precomputed Servicer Advances - Principal                         8,557.91
     Precomputed Servicer Advances - Interest                          2,616.53
     Total Servicer Advances                                      $1,909,750.06

     Principal:
     Simple Interest Receivables Principal
     Principal Collections                                       $45,069,116.00
     Prepayments in Full                                          24,916,301.41
     Repurchased Loan Proceeds Related to Principal                1,016,409.00
     Total Simple Interest Receivables Principal                 $71,001,826.41

     Precomputed Receivables Principal
     Principal Collections                                           $77,040.56
     Prepayments in Full                                              25,503.24
     Prepayments in Full due to Admin Repurchases                          0.00
     Payahead Draws                                                    3,014.12
     Total Precomputed Receivables Principal                        $105,557.92

     Liquidation Proceeds                                           $372,217.93
     Recoveries from Prior Month Charge-Offs                          22,121.87
     Total Principal Collections                                 $71,501,724.13
     Principal Losses for Collection Period                          746,539.17
     Total Regular Principal Reduction                           $71,862,481.41

     Total Collections                                           $84,810,557.11
Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     II. DISTRIBUTIONS
     Total Collections                        $84,810,557.11
     Net Swap Receipt                                   0.00
     Reserve Account Draw                               0.00
     Reserve Account Release                            0.00
     VPTN Issuance Proceeds                             0.00
     Accumulation Account Draw                          0.00
     Total Avail for Distribution
       to Note and Certificate holders        $84,810,557.11

     Servicing Fee:                            $1,686,274.04
     Servicing Fee Due                          1,686,274.04
     Servicing Fee Paid                                 0.00
     Servicing Fee Shortfall

                                                  $24,532.76

     Net Swap Payment

     Class A1 Asset Backed Notes
       Monthly Interest Due                    $2,581,083.33              $5.49
       Monthly Interest Paid                    2,581,083.33               5.49
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class A2 Asset Backed Notes
       Monthly Interest Due                    $2,205,133.33              $5.68
       Monthly Interest Paid                    2,205,133.33               5.68
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class A3 Asset Backed Notes
       Monthly Interest Due                    $1,867,379.17              $5.81
       Monthly Interest Paid                    1,867,379.17               5.81
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class A4 Asset Backed Notes
       Monthly Interest Due                    $1,458,725.00              $5.86
       Monthly Interest Paid                    1,458,725.00               5.86
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00
Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     Class A5 Asset Backed Notes
       Monthly Interest Due                    $1,071,576.33              $5.89
       Monthly Interest Paid                    1,071,576.33               5.89
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class B Asset Backed Notes
       Monthly Interest Due                      $465,186.00              $6.10
       Monthly Interest Paid                      465,186.00               6.10
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class C Asset Backed Certificates
       Monthly Interest Due                      $279,638.33              $6.42
       Monthly Interest Paid                      279,638.33               6.42
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class D Asset Backed Certificates
       Monthly Interest Due                      $326,850.00              $7.50
       Monthly Interest Paid                      326,850.00               7.50
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class Variable Pay Term Note 1
       Monthly Interest Due                      $971,976.71              $2.17
       Monthly Interest Paid                      971,976.71               2.17
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Total Note Monthly Interest
      Monthly Interest Due                    $10,621,059.87              $4.97
      Monthly Interest Paid                    10,621,059.87               4.97
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00
Total Note and Certificate Monthly Interest
      Monthly Interest Due                    $11,227,548.20              $5.05
      Monthly Interest Paid                    11,227,548.20               5.05
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00

     Principal:
     Principal Distribution Amounts
     First Priority Distribution Amount                $0.00
     Second Priority Distribution Amount        1,797,034.00
     Regular Principal Distribution Amount     95,176,576.07
     Principal Distribution Amount            $96,973,610.07
                                                              Amount Per $1,000
     Principal Distribution Amounts Paid              Amount  of Orig Principal
     A1 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A2 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A3 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A4 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A5 Asset Backed Notes Prin Paid                   $0.00              $0.00
     B Asset Backed Notes Prin Paid                    $0.00              $0.00
     C Asset Backed Certificates Prin Paid             $0.00              $0.00
     D Asset Backed Certificates Prin Paid             $0.00              $0.00
     Variable Pay Term Note 1 Prin Paid       $71,872,202.11            $160.21

     Total Note Principal Paid                $71,872,202.11             $33.66
     Total Note and Certificate Prin Paid     $71,872,202.11             $32.34

     Deposit to Reserve                                $0.00
     Collections Released to Servicer                  $0.00
     Deposit to Accumulation Account                   $0.00

   III. POOL BALANCE AND PORTFOLIO INFORMATION   Beginning             Ending
   Balances and Pool Factors:
   A1 Asset Backed Notes Balance           $470,000,000.00    $470,000,000.00
   A1 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A2 Asset Backed Notes Balance           $388,000,000.00    $388,000,000.00
   A2 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A3 Asset Backed Notes Balance           $321,500,000.00    $321,500,000.00
   A3 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A4 Asset Backed Notes Balance           $249,000,000.00    $249,000,000.00
   A4 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A5 Asset Backed Notes Balance           $181,880,000.00    $181,880,000.00
   A5 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   B Asset Backed Notes Balance             $76,260,000.00     $76,260,000.00
   B Asset Backed Notes Pool Factor              1.0000000          1.0000000
   C Asset Backed Certificates Balance      $43,580,000.00     $43,580,000.00
   C Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   D Asset Backed Certificates Balance      $43,580,000.00     $43,580,000.00
   D Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   Variable Pay Term Note 1 Balance        $169,338,403.39     $97,466,201.28
   Variable Pay Term Note 1 Pool Factor          0.3774651          0.2172578

   Aggregate Balance of Notes            $1,855,978,403.39  $1,784,106,201.28
   Note Pool Factor                              0.8692049          0.8355452
   Total Note and Certificate Balance    $1,871,266,201.28  $1,871,266,201.28

   Portfolio Information:
   Weighted Average Coupon (WAC)                      7.84%              7.84%
   Weighted Average Remaining Maturity (WAM)         43.18              42.29
   Number of Contracts                             152,500            150,042
   Portfolio Receivable Balance          $2,023,528,847.36  $1,951,666,365.95
Dollar Amount

     IV. OVERCOLLATERALIZATION INFORMATION
     Specified Overcollateralization Amount                       $8,016,576.07
     Specified Credit Enhancement Amount                         $19,516,663.66
     Yield Supplement Overcollateralization Amount               $97,484,996.56
     Target Level of Overcollateralization                      $105,501,572.63

     V. RECONCILIATION OF RESERVE ACCOUNT
     Beginning Reserve Account Balance                           $11,500,087.59
     Specified Reserve Account Balance                            11,500,087.59
     Reserve Release Amount                                                0.00
     Reserve Account Draws                                                 0.00
     Reserve Account Deposits Made                                         0.00
     Ending Reserve Account Balance                              $11,500,087.59
     Change in Reserve Account Balance                                    $0.00

     VI. RECONCILIATION OF ACCUMULATION ACCOUNT
     Beginning Accumulation Account Balance                               $0.00
     Deposit to Accumulation Account                                       0.00
     Release of Accumulated Balance                                        0.00
     Ending Accumulation Account Balance                                  $0.00

     VII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
     Liquidated Contracts:
     Liquidation Proceeds                                           $372,217.93
     Recoveries from Prior Month Charge-Offs                         $22,121.87
     Total Losses for Collection Period                             $834,717.02
     Charge-off Rate for Collection Period (annualized)                    0.26%
     Cumulative Net Losses for all Periods                        $1,092,428.22

     Delinquent Receivables
     31-60 Days Delinquent                                       $12,938,698.25
     61-90 Days Delinquent                                        $1,395,309.02
     91-120 Days Delinquent                                         $624,223.33
     Over 120 Days Delinquent                                       $264,148.73
     Repossesion Inventory                                        $1,427,931.38

     Ratio of Net Losses to the Average Pool Balance:
     Second Preceding Collection Period                                   0.098%
     Preceding Collection Period                                          0.180%
     Current Collection Period                                            0.266%
     Three Month Average                                                  0.181%

     Ratio of 60+ Delinq Contracts to O/S Receivables:
     Second Preceding Collection Period                                   0.057%
     Preceding Collection Period                                          0.097%
     Current Collection Period                                            0.113%
     Three Month Average                                                  0.089%
Exhibit 19.3

                          Ford Motor Credit Company
                     Ford Credit Auto Owner Trust 2000-C
                           Monthly Servicing Report

       Collection Period                                           August, 2000
       Distribution Date                                                9/15/00

                                                                   Dollar Amount

       Total Portfolio                                      $  2,999,970,568.02
       Total Securities                                        2,886,876,000.00
       Class A-1 Notes                                           197,000,000.00
       Class A-2 Notes                                           330,500,000.00
       Class A-3 Notes                                           995,000,000.00
       Class A-4 Notes                                           990,000,000.00
       Class A-5 Notes                                           162,107,000.00
       Class B Notes                                              99,059,000.00
       Class C Certificates                                       56,605,000.00
       Class D Certificates                                       56,605,000.00

       I. COLLECTIONS
       Interest:
       Simple Interest Receivables Interest
            Interest Collections                            $     16,144,034.73
            Repurchased Loan Proceeds Related to Interest              9,235.02
                 Total Simple Interest Receivables Interest       16,153,269.75
       Pre Computed Receivables Interest Collections                  37,271.87
                 Total Interest Collections                       16,190,541.62

       Servicer Advances:
            Simple Interest Servicer Advances               $      2,568,365.72
            Precomputed Servicer Advances - Principal                 11,914.63
            Precomputed Servicer Advances - Interest                   3,613.30
                 Total Servicer Advances                           2,583,893.65

       Principal:
       Simple Interest Receivables Principal
            Principal Collections                           $     61,215,071.59
            Prepayments in Full                                   33,023,627.29
            Repurchased Loan Proceeds Related to Principal           974,694.92
                 Total Simple Interest Receivables Principal      95,213,393.80
       Pre Computed Receivables Principal
            Principal Collections                           $        110,346.01
            Prepayments in Full                                       99,369.11
            Prepayments in Full Due to Administrative Repurchases          0.00
            Payahead Draws                                             5,188.94
                 Total Pre Computed Receivables Principal            214,904.06
       Liquidation Proceeds                                          113,917.34
       Recoveries from Prior Month Charge-Offs                             0.00
                 Total Principal Collections                      95,542,215.20
       Principal Losses for Collection Period                        223,730.52
                 Total Regular Principal Reduction                95,663,943.01

       Total Collections                                    $    114,316,650.47
Amount
                                                                      Per $1,000
                                                                     of Original

       II. DISTRIBUTIONS                                     Amount   Principal
       Total Collections                           $ 114,316,650.47  $    39.60
       Reserve Account Release                                 0.00        0.00
       Reserve Account Draw                                    0.00        0.00
       Total Available for Distribution              114,316,650.47       39.60

       Servicing Fee:
       Servicing Fee Due                           $   2,347,809.05  $     0.81
       Servicing Fee Paid                              2,347,809.05        0.81
       Servicing Fee Shortfall                                 0.00        0.00

       Interest:
       Class A-1 Notes Monthly Interest
            Class A-1 Notes Monthly Interest Due   $      58,297.43  $     0.30
            Class A-1 Notes Monthly Interest Paid         58,297.43        0.30
            Class A-1 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-1 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-1 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-2 Notes Monthly Interest
            Class A-2 Notes Monthly Interest Due   $   1,941,522.25  $     5.87
            Class A-2 Notes Monthly Interest Paid      1,941,522.25        5.87
            Class A-2 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-2 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-2 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-3 Notes Monthly Interest
            Class A-3 Notes Monthly Interest Due   $   5,911,958.33  $     5.94
            Class A-3 Notes Monthly Interest Paid      5,911,958.33        5.94
            Class A-3 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-3 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-3 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-4 Notes Monthly Interest
            Class A-4 Notes Monthly Interest Due   $   5,973,000.00  $     6.03
            Class A-4 Notes Monthly Interest Paid      5,973,000.00        6.03
            Class A-4 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-4 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-4 Notes Int. Carryover Shortfall    0.00        0.00

       Class A-5 Notes Monthly Interest
            Class A-5 Notes Monthly Interest Due   $     980,747.35  $     6.05
            Class A-5 Notes Monthly Interest Paid        980,747.35        6.05
            Class A-5 Notes Monthly Interest Shortfall         0.00        0.00
            Class A-5 Notes Interest Carryover Shortfall       0.00        0.00
            Chg in Class A-5 Notes Int. Carryover Shortfall    0.00        0.00

       Class B Notes Monthly Interest
            Class B Notes Monthly Interest Due     $     619,118.75  $     6.25
            Class B Notes Monthly Interest Paid          619,118.75        6.25
            Class B Notes Monthly Interest Shortfall           0.00        0.00
            Class B Notes Interest Carryover Shortfall         0.00        0.00
            Chg in Class B Notes Int. Carryover Shortfall      0.00        0.00
Total Note Monthly Interest
            Total Note Monthly Interest Due        $  15,484,644.11  $     5.58
            Total Note Monthly Interest Paid          15,484,644.11        5.58
            Total Note Monthly Interest Shortfall              0.00        0.00
            Total Note Interest Carryover Shortfall            0.00        0.00
            Chg in Total Note Int. Carryover Shortfall         0.00        0.00

       Class C Certificates Monthly Interest
            Class C Cert. Monthly Interest Due     $     372,177.87  $     6.57
            Class C Cert. Monthly Interest Paid          372,177.87        6.57
            Class C Cert. Monthly Interest Shortfall           0.00        0.00
            Class C Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class C Cert. Int. Carryover Shortfall      0.00        0.00

       Class D Certificates Monthly Interest
            Class D Cert. Monthly Interest Due     $     424,537.50  $     7.50
            Class D Cert. Monthly Interest Paid          424,537.50        7.50
            Class D Cert. Monthly Interest Shortfall           0.00        0.00
            Class D Cert. Interest Carryover Shortfall         0.00        0.00
            Chg in Class D Cert. Int. Carryover Shortfall      0.00        0.00

       Total Note and Certificate Monthly Interest
            Total Note and Cert. Mthly Int. Due    $  16,281,359.48  $     5.64
            Total Note and Cert. Mthly Int. Paid      16,281,359.48        5.64
            Total Note and Cert. Mthly Int. Shortfall          0.00        0.00
            Total Note and Cert. Int. Carryover Shortfall      0.00        0.00
            Change in Total Note and Certificate Interest
                 Carryover Shortfall               $           0.00  $     0.00

       Total Available for Principal Distribution  $  95,687,481.94

       Principal:
       Principal Distribution Amounts
            First Priority Distribution Amount     $           0.00  $     0.00
            Second Priority Distribution Amount                0.00        0.00
            Regular Principal Distribution Amount    340,725,078.18      118.03
                 Principal Distribution Amount       340,725,078.18      118.03

       Principal Distribution Amounts Paid
            Class A-1 Notes Monthly Principal Paid $  10,225,078.18  $    51.90
            Class A-2 Notes Monthly Principal Paid    85,462,403.76      258.59
            Class A-3 Notes Monthly Principal Paid             0.00        0.00
            Class A-4 Notes Monthly Principal Paid             0.00        0.00
            Class A-5 Notes Monthly Principal Paid             0.00        0.00
            Class B Notes Monthly Principal Paid               0.00        0.00
                 Total Note Principal Paid            95,687,481.94       34.50

            Class C Cert. Monthly Principal Paid   $           0.00  $     0.00
            Class D Cert. Monthly Principal Paid               0.00        0.00
                 Total Monthly Principal Paid         95,687,481.94       33.15

       Collections Released to Servicer            $           0.00

       Total Available for Distribution            $ 114,316,650.47
       Total Distributions (incl. Servicing Fee)   $ 114,316,650.47
III. POOL BALANCE AND PORTFOLIO INFORMATION
       Balances and Pool Factors:                  Beginning             Ending
            Aggregate Balance of Notes   $  2,586,891,078.18 $ 2,491,203,596.24
            Note Pool Factor                       0.9326614          0.8981628
            Class A-1 Notes Balance            10,225,078.18               0.00
            Class A-1 Notes Pool Factor            0.0519040          0.0000000
            Class A-2 Notes Balance           330,500,000.00     245,037,596.24
            Class A-2 Notes Pool Factor            1.0000000          0.7414148
            Class A-3 Notes Balance           995,000,000.00     995,000,000.00
            Class A-3 Notes Pool Factor            1.0000000          1.0000000
            Class A-4 Notes Balance           990,000,000.00     990,000,000.00
            Class A-4 Notes Pool Factor            1.0000000          1.0000000
            Class A-5 Notes Balance           162,107,000.00     162,107,000.00
            Class A-5 Notes Pool Factor            1.0000000          1.0000000
            Class B Notes Balance              99,059,000.00      99,059,000.00
            Class B Notes Pool Factor              1.0000000          1.0000000
            Class C Certificates Balance       56,605,000.00      56,605,000.00
            Class C Certificates Pool Factor       1.0000000          1.0000000
            Class D Certificates Balance       56,605,000.00      56,605,000.00
            Class D Certificates Pool Factor       1.0000000          1.0000000
            Total Note and Cert. Balance    2,700,101,078.18   2,604,413,596.24
       Portfolio Information:
            Wtd Average Coupon (WAC)                    7.96%              7.96%
            Wtd Average Remaining Maturity (WAM)       44.62              43.72
            Remaining Number of Receivables          205,345            202,206
            Portfolio Receivable Balance $  2,817,370,854.81 $ 2,721,706,911.80

       IV. OVERCOLLATERALIZATION INFORMATION
       Specified Overcollateralization Amount               $     12,217,216.28
       Specified Credit Enhancement Amount                        27,217,069.12
       Yield Supplement Overcollateralization Amount                       0.00
       Target Level of Overcollateralization                      12,217,216.28

       V. RECONCILIATION OF RESERVE ACCOUNT
       Beginning Reserve Account Balance                    $     14,999,852.84
       Specified Reserve Account Balance                          14,999,852.84
            Reserve Release Amount                                         0.00
       Reserve Account Draws                                               0.00
            Interim Reserve Account Balance                       14,999,852.84
       Reserve Account Deposits Made                                       0.00
       Ending Reserve Account Balance                             14,999,852.84
       Change in Reserve Account Balance                                   0.00

       VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
       Liquidated Contracts:
            Liquidation Proceeds                            $        113,917.34
            Recoveries from Prior Month Charge-Offs                        0.00
       Total Losses for Collection Period                            316,267.89
       Charge-off Rate for Collection Period (annualized)                  0.09%
       Cumulative Net Losses for all Periods
       Delinquent Receivables:
            31-60 Days Delinquent                           $     11,406,022.77
            61-90 Days Delinquent                                  1,768,193.79
            91-120 Days Delinquent                                    99,761.49
            Over 120 Days Delinquent                                  49,021.58
       Repossesion Inventory                                $      1,043,061.41

       Ratio of Net Losses to the Average Pool Balance:
            Second Preceding Collection Period                           0.0188%
            Preceding Collection Period                                  0.0609%
            Current Collection Period                                    0.0877%
            Three Month Average                                          0.0558%
       Ratio of 60+ Delinquent Contracts to Outstanding Receivables
            Second Preceding Collection Period                           0.0010%
            Preceding Collection Period                                  0.0054%
            Current Collection Period                                    0.0717%
            Three Month Average                                          0.0260%
Exhibit 19.4

                               Ford Motor Credit Company
                          Ford Credit Auto Owner Trust 2000-D
                               Monthly Servicing Report

     Collection Period                                             August, 2000
     Distribution Date                                                  9/15/00
                                                    Targeted
                                                   Scheduled

     Original Issuance                             Dist Date      Dollar Amount
     A1 Asset Backed Notes                           1/15/01     439,000,000.00
     A2 Asset Backed Notes                           7/15/01     360,000,000.00
     A3 Asset Backed Notes                           1/15/02     294,000,000.00
     A4 Asset Backed Notes                           7/15/02     227,000,000.00
     A5 Asset Backed Notes                           1/15/03     153,000,000.00
     B Asset Backed Notes                                         72,724,000.00
     C Asset Backed Certificates                                  41,557,000.00
     D Asset Backed Certificates                                  41,557,000.00
     Variable Pay Term Note 1                                    490,556,000.00

     Total Original Securities Issued                          2,119,394,000.00

     I. COLLECTIONS                                                       TOTAL
     Interest
     Simple Interest Receivables Interest
     Interest Collections                                        $12,365,754.22
     Repurchased Loan Proceeds Related to Interest                     6,190.15
     Total Simple Interest Receivables Interest                  $12,371,944.37

     Precomputed Receivables Interest Collections                     32,264.72
     Total Interest Collections                                  $12,404,209.09

     Servicer Advances:
     Simple Interest Servicer Advances                            $1,976,817.62
     Precomputed Servicer Advances - Principal                         8,942.21
     Precomputed Servicer Advances - Interest                          3,473.68
     Total Servicer Advances                                      $1,989,233.51

     Principal:
     Simple Interest Receivables Principal
     Principal Collections                                       $44,990,550.37
     Prepayments in Full                                          22,426,787.85
     Repurchased Loan Proceeds Related to Principal                  910,148.40
     Total Simple Interest Receivables Principal                 $68,327,486.62

     Precomputed Receivables Principal
     Principal Collections                                           $96,976.48
     Prepayments in Full                                              73,055.27
     Prepayments in Full due to Admin Repurchases                          0.00
     Payahead Draws                                                    4,263.18
     Total Precomputed Receivables Principal                        $174,294.93

     Liquidation Proceeds                                            $80,216.71
     Recoveries from Prior Month Charge-Offs                               0.00
     Total Principal Collections                                 $68,581,998.26
     Principal Losses for Collection Period                          140,678.36
     Total Regular Principal Reduction                           $68,651,402.12

     Total Collections                                           $82,975,440.86
Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     II. DISTRIBUTIONS
     Total Collections                        $82,975,440.86
     Net Swap Receipt                                   0.00
     Reserve Account Draw                               0.00
     Reserve Account Release                            0.00
     VPTN Issuance Proceeds                             0.00
     Accumulation Account Draw                          0.00
     Total Avail for Distribution
       to Note and Certificate holders        $82,975,440.86

     Servicing Fee:                            $1,780,509.21
     Servicing Fee Due                          1,780,509.21
     Servicing Fee Paid                                 0.00
     Servicing Fee Shortfall

                                                  $99,887.67

     Net Swap Payment

     Class A1 Asset Backed Notes
       Monthly Interest Due                    $2,563,760.00              $5.84
       Monthly Interest Paid                    2,563,760.00               5.84
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class A2 Asset Backed Notes
       Monthly Interest Due                    $2,118,000.00              $5.88
       Monthly Interest Paid                    2,118,000.00               5.88
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class A3 Asset Backed Notes
       Monthly Interest Due                    $1,751,750.00              $5.96
       Monthly Interest Paid                    1,751,750.00               5.96
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class A4 Asset Backed Notes
       Monthly Interest Due                    $1,348,758.33              $5.94
       Monthly Interest Paid                    1,348,758.33               5.94
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00
Amount Per
                                                              $1,000 of Original

                                                      Amount          Principal
     Class A5 Asset Backed Notes
       Monthly Interest Due                      $911,625.00              $5.96
       Monthly Interest Paid                      911,625.00               5.96
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class B Asset Backed Notes
       Monthly Interest Due                      $448,464.67              $6.17
       Monthly Interest Paid                      448,464.67               6.17
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class C Asset Backed Certificates
       Monthly Interest Due                      $273,929.89              $6.59
       Monthly Interest Paid                      273,929.89               6.59
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class D Asset Backed Certificates
       Monthly Interest Due                      $311,677.50              $7.50
       Monthly Interest Paid                      311,677.50               7.50
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Class Variable Pay Term Note 1
       Monthly Interest Due                    $2,416,579.60              $4.93
       Monthly Interest Paid                    2,416,579.60               4.93
       Monthly Interest Shortfall                       0.00               0.00
       Interest Carryover Shortfall                     0.00               0.00
       Change in Interest Carryover Shortfall           0.00               0.00

     Total Note Monthly Interest
      Monthly Interest Due                    $11,558,937.60              $5.68
      Monthly Interest Paid                    11,558,937.60               5.68
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00

     Total Note and Certificate Monthly Interest
      Monthly Interest Due                    $12,144,544.99              $5.73
      Monthly Interest Paid                    12,144,544.99               5.73
      Monthly Interest Shortfall                        0.00               0.00
      Interest Carryover Shortfall                      0.00               0.00
      Change in Interest Carryover Shortfall            0.00               0.00
Principal:
     Principal Distribution Amounts
     First Priority Distribution Amount                $0.00
     Second Priority Distribution Amount       12,276,719.02
     Regular Principal Distribution Amount     92,793,710.48
     Principal Distribution Amount           $105,070,429.50

                                                              Amount Per $1,000
     Principal Distribution Amounts Paid              Amount  of Orig Principal
     A1 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A2 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A3 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A4 Asset Backed Notes Prin Paid                   $0.00              $0.00
     A5 Asset Backed Notes Prin Paid                   $0.00              $0.00
     B Asset Backed Notes Prin Paid                    $0.00              $0.00
     C Asset Backed Certificates Prin Paid             $0.00              $0.00
     D Asset Backed Certificates Prin Paid             $0.00              $0.00
     Variable Pay Term Note 1 Prin Paid       $68,950,498.99            $140.56

     Total Note Principal Paid                $68,950,498.99             $33.86
     Total Note and Certificate Prin Paid     $68,950,498.99             $32.53

     Deposit to Reserve                                $0.00
     Collections Released to Servicer                  $0.00
     Deposit to Accumulation Account                   $0.00

   III. POOL BALANCE AND PORTFOLIO INFORMATION   Beginning             Ending
   Balances and Pool Factors:
   A1 Asset Backed Notes Balance           $439,000,000.00    $439,000,000.00
   A1 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A2 Asset Backed Notes Balance           $360,000,000.00    $360,000,000.00
   A2 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A3 Asset Backed Notes Balance           $294,000,000.00    $294,000,000.00
   A3 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A4 Asset Backed Notes Balance           $227,000,000.00    $227,000,000.00
   A4 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   A5 Asset Backed Notes Balance           $153,000,000.00    $153,000,000.00
   A5 Asset Backed Notes Pool Factor             1.0000000          1.0000000
   B Asset Backed Notes Balance             $72,724,000.00     $72,724,000.00
   B Asset Backed Notes Pool Factor              1.0000000          1.0000000
   C Asset Backed Certificates Balance      $41,557,000.00     $41,557,000.00
   C Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   D Asset Backed Certificates Balance      $41,557,000.00     $41,557,000.00
   D Asset Backed Certificates Pool Factor       1.0000000          1.0000000
   Variable Pay Term Note 1 Balance        $422,285,096.43    $353,334,597.44
   Variable Pay Term Note 1 Pool Factor          0.8608295          0.7202737

   Aggregate Balance of Notes            $1,968,009,096.43  $1,899,058,597.44
   Note Pool Factor                              0.9664727          0.9326117
   Total Note and Certificate Balance    $1,982,172,597.44  $1,982,172,597.44

   Portfolio Information:
   Weighted Average Coupon (WAC)                      8.05%              8.05%
   Weighted Average Remaining Maturity (WAM)         45.71              44.81
   Number of Contracts                             152,012            149,881
   Portfolio Receivable Balance          $2,136,611,048.17  $2,067,959,646.05
Dollar Amount

     IV. OVERCOLLATERALIZATION INFORMATION
     Specified Overcollateralization Amount                       $9,679,710.48
     Specified Credit Enhancement Amount                         $20,679,596.46
     Yield Supplement Overcollateralization Amount              $112,227,268.64
     Target Level of Overcollateralization                      $121,906,979.12

     V. RECONCILIATION OF RESERVE ACCOUNT
     Beginning Reserve Account Balance                                    $0.00
     Specified Reserve Account Balance                            10,999,885.98
     Reserve Release Amount                                                0.00
     Reserve Account Draws                                                 0.00
     Reserve Account Deposits Made                                         0.00
     Ending Reserve Account Balance                              $10,999,885.98
     Change in Reserve Account Balance                           $10,999,885.98

     VI. RECONCILIATION OF ACCUMULATION ACCOUNT
     Beginning Accumulation Account Balance                               $0.00
     Deposit to Accumulation Account                                       0.00
     Release of Accumulated Balance                                        0.00
     Ending Accumulation Account Balance                                  $0.00

     VII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
     Liquidated Contracts:
     Liquidation Proceeds                                            $80,216.71
     Recoveries from Prior Month Charge-Offs                              $0.00
     Total Losses for Collection Period                             $188,044.30
     Charge-off Rate for Collection Period (annualized)                    0.06%
     Cumulative Net Losses for all Periods                          $132,314.56

     Delinquent Receivables
     31-60 Days Delinquent                                        $8,869,440.63
     61-90 Days Delinquent                                          $175,233.55
     91-120 Days Delinquent                                          $50,927.95
     Over 120 Days Delinquent                                        $14,938.09
     Repossesion Inventory                                          $252,340.01

     Ratio of Net Losses to the Average Pool Balance:
     Second Preceding Collection Period                                   0.000%
     Preceding Collection Period                                          0.014%
     Current Collection Period                                            0.062%
     Three Month Average                                                  0.000%

     Ratio of 60+ Delinq Contracts to O/S Receivables:
     Second Preceding Collection Period                                   0.000%
     Preceding Collection Period                                          0.003%
     Current Collection Period                                            0.009%
     Three Month Average                                                  0.000%