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<B><FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>
</B><P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">____________________</P>
</B><P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">FORM 8-K<BR>
CURRENT REPORT</P>
</B><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the<BR>
Securities Exchange Act of 1934</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">Date of Report (date of earliest event reported):</P>
<P ALIGN="CENTER">February 15, 2005</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER">Nissan Auto Leasing LLC II<U><BR>
</B>(Originator of the Note Issuer and Transferor of the SUBI Certificate to the Note Issuer)<B><BR>
</B></U>(Exact name of registrant as specified in its charter)</P>
<B><P ALIGN="CENTER">Nissan-Infiniti LT<BR>
</B><U>(Issuer with respect to the SUBI Certificate)</U><BR>
(Exact name of registrant as specified in its charter)</P>
<B><P ALIGN="CENTER">NILT Trust</B><BR>
<U>(Transferor of the SUBI Certificate to Nissan Auto Leasing LLC II)</U><BR>
(Exact name of registrant as specified in its charter)</P>
<B><P ALIGN="CENTER">Nissan Auto Lease Trust 2004-A</B><BR>
(<U>Issuer with respect to the Notes)</U><BR>
(Exact name of registrant as specified in its charter)</P>
<P>&nbsp;</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=512>
<TR><TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">Delaware</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">333-106763<BR>
333-106763-01<BR>
333-106763-02<BR>
333-118256</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">95-4885574<BR>
33-6226449<BR>
52-6935346<BR>
51-6557795</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">(State or other Jurisdiction of incorporation)</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">(Commission Registration Number)</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">(I.R.S. Employer Identification Number)</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN="CENTER">990 WEST 190TH STREET<BR>
TORRANCE, CALIFORNIA 90502</P>
<P ALIGN="CENTER">___________________________________</P>
<P ALIGN="CENTER">(Address of principal executive office)</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">Registrant's telephone number, including area code: (310) 719-8509</P>
<P ALIGN="CENTER">&nbsp;</P>
</FONT><P><HR></P>
<FONT FACE="Verdana" SIZE=2><P>&nbsp;</P>
<B><P>Item 5.&#9;<U>Other Events</U>.</P>
</B><P ALIGN="JUSTIFY">Pursuant to Section 8.09(b) of the 2004-A Servicing Supplement, dated as of October 28, 2004 (the "Agreement"), by and among Nissan-Infiniti LT, as titling trust, NILT Trust, as UTI beneficiary, and Nissan Motor Acceptance Corporation, as servicer (the "Servicer"), the Servicer has delivered to the Trustee (as defined in the Agreement), a Settlement Statement (as defined in the Agreement). The Settlement Statement is attached hereto as Exhibit 20.1.</P>
<P>&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=626>
<TR><TD WIDTH="16%" VALIGN="TOP">
<B><FONT FACE="Verdana" SIZE=2><P>Item 7(c).</B></FONT></TD>
<TD WIDTH="84%" VALIGN="TOP">
<B><U><FONT FACE="Verdana" SIZE=2><P>Financial Statements, Pro Forma Financial Information and Exhibits</U>.</B></FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>(a) Not applicable.</FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>(b) Not applicable.</FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>(c) Exhibits</FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="84%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>The exhibit number corresponds with Item 601(a) of Regulation S-K.</FONT></TD>
</TR>
</TABLE>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=625>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="22%" VALIGN="TOP">
<B><U><FONT FACE="Verdana" SIZE=2><P>Exhibit No</U>.</B></FONT></TD>
<TD WIDTH="62%" VALIGN="TOP">
<B><U><FONT FACE="Verdana" SIZE=2><P>Description</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>20.1</FONT></TD>
<TD WIDTH="62%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>Settlement Statement for the month ended January 31, 2005</FONT></TD>
</TR>
</TABLE>

<P><HR></P>
<B><U><FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">SIGNATURES</P>
</U><P ALIGN="CENTER">&nbsp;</P>
</B><P ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the undersigned thereunto duly authorized.</P>
<P>&nbsp;</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=669>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Verdana" SIZE=2><P>NISSAN AUTO LEASING LLC II</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP" COLSPAN=3>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>By:</FONT></TD>
<TD WIDTH="41%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Verdana" SIZE=2><P>___<U>/s/</U>___<U>Joji Tagawa</U></FONT><FONT SIZE=2>_________</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Verdana" SIZE=2><P>Joji Tagawa<BR>
Treasurer</FONT></TD>
</TR>
</TABLE>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=667>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP" COLSPAN=7>
<FONT FACE="Verdana" SIZE=2><P>NISSAN AUTO LEASE TRUST 2004-A</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="8%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>By:</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP" COLSPAN=6>
<FONT FACE="Verdana" SIZE=2><P>Nissan Auto Leasing LLC II,<BR>
solely as originator of<BR>
Nissan Auto Lease Trust 2004-A<BR>
</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="8%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP" COLSPAN=2>
<FONT FACE="Verdana" SIZE=2><P>By:</FONT></TD>
<TD WIDTH="32%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Verdana" SIZE=2><P>___<U>/s/</U>___<U>Joji Tagawa</U></FONT><FONT SIZE=2>____</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="8%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="32%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Verdana" SIZE=2><P>Joji Tagawa<BR>
Treasurer</FONT></TD>
</TR>
</TABLE>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=666>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="54%" VALIGN="TOP" COLSPAN=5>
<FONT FACE="Verdana" SIZE=2><P>NILT TRUST</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>By:</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Verdana" SIZE=2><P>Nissan Motor Acceptance Corporation,<BR>
solely as grantor and beneficiary</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=4>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P>By:</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Verdana" SIZE=2><P>___<U>/s/</U>___<U>Joji Tagawa</U></FONT><FONT SIZE=2>_____</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="11%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Verdana" SIZE=2><P>Joji Tagawa<BR>
Treasurer</FONT></TD>
</TR>
</TABLE>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=693>
<TR><TD WIDTH="44%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="56%" VALIGN="TOP" COLSPAN=8>
<FONT FACE="Verdana" SIZE=2><P>NISSAN-INFINITI LT</FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="12%" VALIGN="TOP" COLSPAN=2>
<FONT FACE="Verdana" SIZE=2><P>By:</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=6>
<FONT FACE="Verdana" SIZE=2><P>Nissan Motor Acceptance Corporation,<BR>
solely as originator of<BR>
Nissan-Infiniti LT</FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP" COLSPAN=5>
<P>&nbsp;</TD>
<TD WIDTH="32%" VALIGN="TOP" COLSPAN=3>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Verdana" SIZE=2><P>By:</FONT></TD>
<TD WIDTH="40%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Verdana" SIZE=2><P>___<U>/s/</U>_<U>Joji Tagawa</U></FONT><FONT SIZE=2>_________</FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="7%" VALIGN="TOP" COLSPAN=2>
<P>&nbsp;</TD>
<TD WIDTH="42%" VALIGN="TOP" COLSPAN=5>
<FONT FACE="Verdana" SIZE=2><P>Joji Tagawa<BR>
Treasurer</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Verdana" SIZE=2><P>&nbsp;</P>
<P>February 23, 2005</P>
<P>&nbsp;</P>
</FONT><P><HR></P>
<B><FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">EXHIBIT INDEX</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=675>
<TR><TD WIDTH="30%" VALIGN="TOP">
<B><U><FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">Exhibit No.</B></U></FONT></TD>
<TD WIDTH="39%" VALIGN="TOP">
<B><U><FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">Description</B></U></FONT></TD>
<TD WIDTH="31%" VALIGN="TOP">
<B><U><FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">Sequentially <BR>
Numbered Page</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="30%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">20.1</FONT></TD>
<TD WIDTH="39%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">Settlement Statement for the month ended<BR>
January 31, 2005</FONT></TD>
<TD WIDTH="31%" VALIGN="TOP">
<FONT FACE="Verdana" SIZE=2><P ALIGN="CENTER">5</FONT></TD>
</TR>
</TABLE>

<P><HR></P>
<FONT FACE="Verdana" SIZE=2><P ALIGN="RIGHT">Exhibit 20.1</P>
<P ALIGN="CENTER">NISSAN AUTO LEASE TRUST 2004-A</P>
<P ALIGN="CENTER">Settlement Statement</P>
<P ALIGN="CENTER">for the month ended January 31, 2005</P>
<P>NALT 2004-A</P></FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=933>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Collection Period Start</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>01-Jan-05</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Distribution Date</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>15-Feb-05</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Collection Period End</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>31-Jan-05</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>30/360 Days</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>30</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Beg. of Interest Period</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>18-Jan-05</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Actual/360 Days</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>28</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>End of Interest Period</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>15-Feb-05</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>SUMMARY</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Coupon Rate</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Initial Balance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Beginning Balance</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Ending Balance</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Pool Factor</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Portfolio</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,680,098,819.60 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,560,235,442.37 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,528,048,385.51 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.9094991 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Securities</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,680,098,819.60 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,560,235,442.37 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,528,048,385.51 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.9094991 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-1 Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2.105630%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">265,000,000.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">145,136,622.77 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">112,949,565.91 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.4262248 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-2 Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2.550000%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">260,000,000.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">260,000,000.00 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">260,000,000.00 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">1.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-3 Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2.900000%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">357,000,000.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">357,000,000.00 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">357,000,000.00 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">1.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4a Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2.550000%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">488,000,000.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">488,000,000.00 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">488,000,000.00 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">1.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4b Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">3.180000%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">100,000,000.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">100,000,000.00 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">100,000,000.00 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">1.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Certificates</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.000000%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">210,098,819.60 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">210,098,819.60 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">210,098,819.60 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">1.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=30><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=30>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Principal Payment Due</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=30>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Interest Payment</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=30>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Principal per $1000 Face Amount</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP" COLSPAN=2 HEIGHT=30>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Interest per $1000 Face Amount</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=30><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=30><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-1 Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">32,187,056.86 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">237,692.02 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">121.4605919 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.8969510 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-2 Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">552,500.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">2.1250000 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-3 Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">862,750.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">2.4166667 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4a Notes</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">967,866.67 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">1.9833333 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4b</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">265,000.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">2.6500000 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Certificates</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.0000000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">0.0000000 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Securities</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">32,187,056.86 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,885,808.69 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>I. COLLECTIONS</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<I><FONT FACE="Verdana" SIZE=1><P>Lease Payments: ( Lease SUBI)</I></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Monthly Principal</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">21,387,729.70 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Monthly Interest</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">6,245,290.10 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Monthly Payments</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">27,633,019.80 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Interest Rate Cap Payments</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<I><FONT FACE="Verdana" SIZE=1><P>Advances:</I></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Aggregate Monthly Payment Advances</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,197,701.93 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Aggregate Sales Proceeds Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,448,708.80 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Advances</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,646,410.73 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<I><FONT FACE="Verdana" SIZE=1><P>Vehicle Disposition Proceeds:</I></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Reallocation Payments</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,260,672.64 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Repurchase Payments</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">63,500.64 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Net Auction Proceeds</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Recoveries</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Net Liquidation Proceeds</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">6,740,135.73 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Excess Wear and Tear and Excess Mileage</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">13,101.21 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Remaining Payoffs</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Net Insurance Proceeds</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,250,068.56 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Residual Value Surplus</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">8,133.61 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Collections</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">40,615,042.92 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>II. COLLATERAL POOL BALANCE DATA</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">Number </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">Book Amount </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">Discount Rate</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Securitization Value</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Pool Balance - Beginning of Period</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">69,493 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,595,226,598.13 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">4.50000%</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,560,235,442.37 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Depreciation Received</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">- </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(20,698,347.53)</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(20,967,313.04)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Principal Amount of Gross Losses</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(117)</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(3,032,128.57)</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(3,047,078.14)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Repurchase / Reallocation</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(3)</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(64,416.45)</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(63,500.64)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Early Terminations</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(9)</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(182,203.67)</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(172,001.16)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Scheduled Terminations</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(344)</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(7,937,569.41)</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(7,937,163.88)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Pool Balance - End of Period</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">69,020 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,563,311,932.50 </FONT></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">4.50000%</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,528,048,385.51 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>III. DISTRIBUTIONS</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Collections</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">40,615,042.92 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Reserve Amounts Available for Distribution</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Available for Distribution</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">40,615,042.92 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>1. Amounts due Indenture Trustee as Compensation or Indemnity</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>2. Reimbursement of Payment Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,506,487.21 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>3. Reimbursement of Sales Proceeds Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,164,027.79 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>4. Servicing Fee:</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Servicing Fee Due</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,300,196.20 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Servicing Fee Paid</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,300,196.20 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Servicing Fee Shortfall</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Trustee, Advances and Servicing Fee Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">3,970,711.20 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>5. Interest:</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<U><FONT FACE="Verdana" SIZE=1><P>Class A-1 Notes Monthly Interest</U></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-1 Notes Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-1 Notes Interest on Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-1 Notes Monthly Available Interest Distribution Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">237,692.02 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-1 Notes Monthly Interest Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">237,692.02 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Class A-1 Notes Int. Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<U><FONT FACE="Verdana" SIZE=1><P>Class A-2 Notes Monthly Interest</U></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-2 Notes Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-2 Notes Interest on Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-2 Notes Monthly Available Interest Distribution Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">552,500.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-2 Notes Monthly Interest Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">552,500.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Class A-2 Notes Int. Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<U><FONT FACE="Verdana" SIZE=1><P>Class A-3 Notes Monthly Interest</U></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-3 Notes Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-3 Notes Interest on Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-3 Notes Monthly Available Interest Distribution Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">862,750.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-3 Notes Monthly Interest Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">862,750.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Class A-3a Notes Int. Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<U><FONT FACE="Verdana" SIZE=1><P>Class A-4 Monthly Interest</U></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4a Notes Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4a Notes Interest on Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">967,866.67 </FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4a Notes Monthly Available Interest Distribution Amount</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4a Notes Monthly Interest Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">967,866.67 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Class A-4a Notes Int. Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4b Notes Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4b Notes Interest on Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4b Notes Monthly Available Interest Distribution Amount</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">265,000.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Class A-4b Notes Monthly Interest Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">265,000.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Class A-4b Notes Int. Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<U><FONT FACE="Verdana" SIZE=1><P>Certificate Monthly Interest</U></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Certificate Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Certificate Interest on Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Certificate Monthly Available Interest Distribution Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Certificate Monthly Interest Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Certificate Int. Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<U><FONT FACE="Verdana" SIZE=1><P>Total Note and Certificate Monthly Interest</U></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Note and Certificate Monthly Interest Due</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,885,808.69 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Note and Certificate Monthly Interest Paid</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,885,808.69 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Note and Certificate Interest Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Total Note and Certificate Int. Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Available for Principal Distribution</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">33,758,523.03 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>6. Total Monthly Principal Paid on the Notes</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<U><FONT FACE="Verdana" SIZE=1><P>Total Monthly Principal Paid on the Class A Notes</U></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">32,187,056.86 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Class A Noteholders' Principal Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Class A Noteholders' Principal Distributable Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">32,187,056.86 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Total Class A Noteholders' Principal Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>7. Total Monthly Principal Paid on the Certificates</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Certificateholders' Principal Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Certificateholders' Principal Distributable Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Chg in Total Certificateholders' Principal Carryover Shortfall</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Remaining Available Collections</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,571,466.17 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>IV. RESERVE ACCOUNT</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Initial Reserve Account Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">25,201,482.29 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Required Reserve Account Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">50,402,964.59 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Beginning Reserve Account Balance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">37,780,934.67 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Reinvestment Income for the Period</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">138,543.91 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Reserve Fund Available for Distribution</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">37,919,478.58 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Reserve Fund Draw Amount</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Deposit of Remaining Available Collections</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,571,466.17 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Gross Reserve Account Balance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">39,490,944.75 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Remaining Available Collections Released to Seller</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.00 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Ending Reserve Account Balance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">39,490,944.75 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>V. POOL STATISTICS</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Weighted Average Remaining Maturity</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">27.78 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Monthly Prepayment Speed</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">24.000%</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Lifetime Prepayment Speed</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">-39.000%</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">$</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">units</FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Recoveries of Defaulted and Casualty Receivables</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,219,728.92 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Securitization Value of Defaulted Receivables and Casualty Receivables</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">3,047,078.14 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">117 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Aggregate Defaulted and Casualty Gain (Loss)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(827,349.22)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Pool Balance at Beginning of Collection Period</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,560,235,442.37 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Net Loss Ratio</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">-0.0530%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Cumulative Net Losses for all Periods</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.1382%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,322,556.40 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Delinquent Receivables:</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Amount </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">Number </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>31-60 Days Delinquent</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">15,166,746.42 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">637</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>61-90 Days Delinquent</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">4,055,641.07 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">164</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>91-120+ Days Delinquent</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,306,883.49 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">50</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Total Delinquent Receivables:</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">20,529,270.98 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">851</FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>60+ Days Delinquencies as Percentage of Receivables </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">0.34%</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Aggregate Sales Performance of Auctioned Vehicles</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">$</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">units</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Sales Proceeds</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,283,657.04 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">71</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Securitization Value</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,516,554.21 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Aggregate Residual Gain (Loss)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">(232,897.17)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Cumulative Sales Performance of Auctioned Vehicles</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">$ </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="CENTER">units</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Cumulative Sales Proceeds</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,900,596.04 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">162</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Cumulative Securitization Value</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,725,371.73 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Cumulative Residual Gain (Loss)</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">175,224.31 </FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>VI. Reconciliation of Advances</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Beginning Balance of Residual Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,743,358.48 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Reimbursement of Outstanding Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,164,027.79 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Additional Advances for current period</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,448,708.80 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Ending Balance of Residual Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">2,028,039.49 </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Beginning Balance of Payment Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">3,321,179.70 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Reimbursement of Outstanding Payment Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,506,487.21 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Additional Payment Advances for current period</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">1,197,701.93 </FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P>Ending Balance of Payment Advance</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Verdana" SIZE=1><P ALIGN="RIGHT">3,012,394.42 </FONT></TD>
</TR>
</TABLE>

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[{"company-data": {"conformed-name": "Nissan Auto Lease Trust 2004-A", "cik": "0001300197", "assigned-sic": "6189", "irs-number": "516557795", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-118256", "film-number": "05634183"}, "business-address": {"street1": "C/O NISSAN NORTH AMERICA, INC.", "street2": "990 WEST 190TH STREET", "city": "TORANCE", "state": "CA", "zip": "90502", "phone": "310-719-8509"}, "mail-address": {"street1": "C/O NISSAN NORTH AMERICA, INC.", "street2": "990 WEST 190TH STREET", "city": "TORANCE", "state": "CA", "zip": "90502"}}, {"company-data": {"conformed-name": "NISSAN AUTO LEASING LLC II", "cik": "0001244832", "assigned-sic": "6189", "irs-number": "954885574", "state-of-incorporation": "DE"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-106763", "film-number": "05634184"}, "business-address": {"street1": "990 W 190TH STREET", "city": "TORRANCE", "state": "CA", "zip": "90502", "phone": "3107198583"}}, {"company-data": {"conformed-name": "NILT TRUST", "cik": "0001244824", "irs-number": "526935346", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-106763-02", "film-number": "05634185"}, "business-address": {"street1": "C/O NISSAN NORTH AMERICA, INC.", "street2": "990 WEST 190TH STREET, MAILSTOP M8A", "city": "TORRANCE", "state": "CA", "zip": "90502", "phone": "3107198584"}, "mail-address": {"street1": "C/O NISSAN NORTH AMERICA, INC.", "street2": "990 WEST 190TH STREET, MAILSTOP M8A", "city": "TORRANCE", "state": "CA", "zip": "90502"}}, {"company-data": {"conformed-name": "NISSAN-INFINITI LT", "cik": "0001244827", "irs-number": "336226449", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-106763-01", "film-number": "05634186"}, "business-address": {"street1": "C/O NISSAN NORTH AMERICA, INC.", "street2": "990 WEST 190TH STREET, MAILSTOP M8A", "city": "TORRANCE", "state": "CA", "zip": "90502", "phone": "3107198235"}, "mail-address": {"street1": "C/O NISSAN NORTH AMERICA, INC.", "street2": "990 WEST 190TH STREET, MAILSTOP M8A", "city": "TORRANCE", "state": "CA", "zip": "90502"}, "former-company": {"former-conformed-name": "NISSAN INFINITI LT", "date-changed": "20030620"}}]
a040105-nalt
UNITED STATES
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):
February 15, 2005
Nissan Auto Leasing LLC II
(Originator of the Note Issuer and Transferor of the SUBI Certificate to the Note Issuer)
(Exact name of registrant as specified in its charter)
Nissan-Infiniti LT
(Issuer with respect to the SUBI Certificate)
(Exact name of registrant as specified in its charter)
NILT Trust
(Transferor of the SUBI Certificate to Nissan Auto Leasing LLC II)
(Exact name of registrant as specified in its charter)
Nissan Auto Lease Trust 2004-A
(
Issuer with respect to the Notes)
(Exact name of registrant as specified in its charter)
Delaware
333-106763
333-106763-01
333-106763-02
333-118256
95-4885574
33-6226449
52-6935346
51-6557795
(State or other Jurisdiction of incorporation)
(Commission Registration Number)
(I.R.S. Employer Identification Number)
990 WEST 190TH STREET
TORRANCE, CALIFORNIA 90502
___________________________________
(Address of principal executive office)
Registrant's telephone number, including area code: (310) 719-8509
Item 5.
Other Events
.
Pursuant to Section 8.09(b) of the 2004-A Servicing Supplement, dated as of October 28, 2004 (the "Agreement"), by and among Nissan-Infiniti LT, as titling trust, NILT Trust, as UTI beneficiary, and Nissan Motor Acceptance Corporation, as servicer (the "Servicer"), the Servicer has delivered to the Trustee (as defined in the Agreement), a Settlement Statement (as defined in the Agreement). The Settlement Statement is attached hereto as Exhibit 20.1.
Item 7(c).
Financial Statements, Pro Forma Financial Information and Exhibits
.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
The exhibit number corresponds with Item 601(a) of Regulation S-K.
Exhibit No
.
Description
20.1
Settlement Statement for the month ended January 31, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the undersigned thereunto duly authorized.
NISSAN AUTO LEASING LLC II
By:
___
/s/
___
Joji Tagawa
_________
Joji Tagawa
Treasurer
NISSAN AUTO LEASE TRUST 2004-A
By:
Nissan Auto Leasing LLC II,
solely as originator of
Nissan Auto Lease Trust 2004-A
By:
___
/s/
___
Joji Tagawa
____
Joji Tagawa
Treasurer
NILT TRUST
By:
Nissan Motor Acceptance Corporation,
solely as grantor and beneficiary
By:
___
/s/
___
Joji Tagawa
_____
Joji Tagawa
Treasurer
NISSAN-INFINITI LT
By:
Nissan Motor Acceptance Corporation,
solely as originator of
Nissan-Infiniti LT
By:
___
/s/
_
Joji Tagawa
_________
Joji Tagawa
Treasurer
February 23, 2005
EXHIBIT INDEX
Exhibit No.
Description
Sequentially
Numbered Page
20.1
Settlement Statement for the month ended
January 31, 2005
5
Exhibit 20.1
NISSAN AUTO LEASE TRUST 2004-A
Settlement Statement
for the month ended January 31, 2005
NALT 2004-A
Collection Period Start
01-Jan-05
Distribution Date
15-Feb-05
Collection Period End
31-Jan-05
30/360 Days
30
Beg. of Interest Period
18-Jan-05
Actual/360 Days
28
End of Interest Period
15-Feb-05
SUMMARY
Coupon Rate
Initial Balance
Beginning Balance
Ending Balance
Pool Factor
Total Portfolio
1,680,098,819.60
1,560,235,442.37
1,528,048,385.51
0.9094991
Total Securities
1,680,098,819.60
1,560,235,442.37
1,528,048,385.51
0.9094991
Class A-1 Notes
2.105630%
265,000,000.00
145,136,622.77
112,949,565.91
0.4262248
Class A-2 Notes
2.550000%
260,000,000.00
260,000,000.00
260,000,000.00
1.0000000
Class A-3 Notes
2.900000%
357,000,000.00
357,000,000.00
357,000,000.00
1.0000000
Class A-4a Notes
2.550000%
488,000,000.00
488,000,000.00
488,000,000.00
1.0000000
Class A-4b Notes
3.180000%
100,000,000.00
100,000,000.00
100,000,000.00
1.0000000
Certificates
0.000000%
210,098,819.60
210,098,819.60
210,098,819.60
1.0000000
Principal Payment Due
Interest Payment
Principal per $1000 Face Amount
Interest per $1000 Face Amount
Class A-1 Notes
32,187,056.86
237,692.02
121.4605919
0.8969510
Class A-2 Notes
0.00
552,500.00
0.0000000
2.1250000
Class A-3 Notes
0.00
862,750.00
0.0000000
2.4166667
Class A-4a Notes
0.00
967,866.67
0.0000000
1.9833333
Class A-4b
0.00
265,000.00
0.0000000
2.6500000
Certificates
0.00
0.00
0.0000000
0.0000000
Total Securities
32,187,056.86
2,885,808.69
I. COLLECTIONS
Lease Payments: ( Lease SUBI)
Monthly Principal
21,387,729.70
Monthly Interest
6,245,290.10
Total Monthly Payments
27,633,019.80
Interest Rate Cap Payments
0.00
Advances:
Aggregate Monthly Payment Advances
1,197,701.93
Aggregate Sales Proceeds Advance
1,448,708.80
Total Advances
2,646,410.73
Vehicle Disposition Proceeds:
Reallocation Payments
2,260,672.64
Repurchase Payments
63,500.64
Net Auction Proceeds
0.00
Recoveries
0.00
Net Liquidation Proceeds
6,740,135.73
Excess Wear and Tear and Excess Mileage
13,101.21
Remaining Payoffs
0.00
Net Insurance Proceeds
1,250,068.56
Residual Value Surplus
8,133.61
Total Collections
40,615,042.92
II. COLLATERAL POOL BALANCE DATA
Number
Book Amount
Discount Rate
Securitization Value
Pool Balance - Beginning of Period
69,493
1,595,226,598.13
4.50000%
1,560,235,442.37
Total Depreciation Received
-
(20,698,347.53)
(20,967,313.04)
Principal Amount of Gross Losses
(117)
(3,032,128.57)
(3,047,078.14)
Repurchase / Reallocation
(3)
(64,416.45)
(63,500.64)
Early Terminations
(9)
(182,203.67)
(172,001.16)
Scheduled Terminations
(344)
(7,937,569.41)
(7,937,163.88)
Pool Balance - End of Period
69,020
1,563,311,932.50
4.50000%
1,528,048,385.51
III. DISTRIBUTIONS
Total Collections
40,615,042.92
Reserve Amounts Available for Distribution
0.00
Total Available for Distribution
40,615,042.92
1. Amounts due Indenture Trustee as Compensation or Indemnity
0.00
2. Reimbursement of Payment Advance
1,506,487.21
3. Reimbursement of Sales Proceeds Advance
1,164,027.79
4. Servicing Fee:
Servicing Fee Due
1,300,196.20
Servicing Fee Paid
1,300,196.20
Servicing Fee Shortfall
0.00
Total Trustee, Advances and Servicing Fee Paid
3,970,711.20
5. Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Interest Carryover Shortfall
0.00
Class A-1 Notes Interest on Interest Carryover Shortfall
0.00
Class A-1 Notes Monthly Available Interest Distribution Amount
237,692.02
Class A-1 Notes Monthly Interest Paid
237,692.02
Chg in Class A-1 Notes Int. Carryover Shortfall
0.00
Class A-2 Notes Monthly Interest
Class A-2 Notes Interest Carryover Shortfall
0.00
Class A-2 Notes Interest on Interest Carryover Shortfall
0.00
Class A-2 Notes Monthly Available Interest Distribution Amount
552,500.00
Class A-2 Notes Monthly Interest Paid
552,500.00
Chg in Class A-2 Notes Int. Carryover Shortfall
0.00
Class A-3 Notes Monthly Interest
0.00
Class A-3 Notes Interest Carryover Shortfall
0.00
Class A-3 Notes Interest on Interest Carryover Shortfall
0.00
Class A-3 Notes Monthly Available Interest Distribution Amount
862,750.00
Class A-3 Notes Monthly Interest Paid
862,750.00
Chg in Class A-3a Notes Int. Carryover Shortfall
0.00
Class A-4 Monthly Interest
Class A-4a Notes Interest Carryover Shortfall
0.00
Class A-4a Notes Interest on Interest Carryover Shortfall
967,866.67
Class A-4a Notes Monthly Available Interest Distribution Amount
0.00
Class A-4a Notes Monthly Interest Paid
967,866.67
Chg in Class A-4a Notes Int. Carryover Shortfall
0.00
Class A-4b Notes Interest Carryover Shortfall
0.00
Class A-4b Notes Interest on Interest Carryover Shortfall
0.00
Class A-4b Notes Monthly Available Interest Distribution Amount
265,000.00
Class A-4b Notes Monthly Interest Paid
265,000.00
Chg in Class A-4b Notes Int. Carryover Shortfall
0.00
Certificate Monthly Interest
Certificate Interest Carryover Shortfall
0.00
Certificate Interest on Interest Carryover Shortfall
0.00
Certificate Monthly Available Interest Distribution Amount
0.00
Certificate Monthly Interest Paid
0.00
Chg in Certificate Int. Carryover Shortfall
0.00
0.00
Total Note and Certificate Monthly Interest
Total Note and Certificate Monthly Interest Due
2,885,808.69
Total Note and Certificate Monthly Interest Paid
2,885,808.69
Total Note and Certificate Interest Carryover Shortfall
0.00
Chg in Total Note and Certificate Int. Carryover Shortfall
0.00
Total Available for Principal Distribution
33,758,523.03
6. Total Monthly Principal Paid on the Notes
Total Monthly Principal Paid on the Class A Notes
32,187,056.86
Total Class A Noteholders' Principal Carryover Shortfall
0.00
Total Class A Noteholders' Principal Distributable Amount
32,187,056.86
Chg in Total Class A Noteholders' Principal Carryover Shortfall
0.00
7. Total Monthly Principal Paid on the Certificates
0.00
Total Certificateholders' Principal Carryover Shortfall
0.00
Total Certificateholders' Principal Distributable Amount
0.00
Chg in Total Certificateholders' Principal Carryover Shortfall
0.00
Remaining Available Collections
1,571,466.17
IV. RESERVE ACCOUNT
Initial Reserve Account Amount
25,201,482.29
Required Reserve Account Amount
50,402,964.59
Beginning Reserve Account Balance
37,780,934.67
Reinvestment Income for the Period
138,543.91
Reserve Fund Available for Distribution
37,919,478.58
Reserve Fund Draw Amount
0.00
Deposit of Remaining Available Collections
1,571,466.17
Gross Reserve Account Balance
39,490,944.75
Remaining Available Collections Released to Seller
0.00
Ending Reserve Account Balance
39,490,944.75
V. POOL STATISTICS
Weighted Average Remaining Maturity
27.78
Monthly Prepayment Speed
24.000%
Lifetime Prepayment Speed
-39.000%
$
units
Recoveries of Defaulted and Casualty Receivables
2,219,728.92
Securitization Value of Defaulted Receivables and Casualty Receivables
3,047,078.14
117
Aggregate Defaulted and Casualty Gain (Loss)
(827,349.22)
Pool Balance at Beginning of Collection Period
1,560,235,442.37
Net Loss Ratio
-0.0530%
Cumulative Net Losses for all Periods
0.1382%
2,322,556.40
Delinquent Receivables:
Amount
Number
31-60 Days Delinquent
15,166,746.42
637
61-90 Days Delinquent
4,055,641.07
164
91-120+ Days Delinquent
1,306,883.49
50
Total Delinquent Receivables:
20,529,270.98
851
60+ Days Delinquencies as Percentage of Receivables
0.34%
Aggregate Sales Performance of Auctioned Vehicles
$
units
Sales Proceeds
1,283,657.04
71
Securitization Value
1,516,554.21
Aggregate Residual Gain (Loss)
(232,897.17)
Cumulative Sales Performance of Auctioned Vehicles
$
units
Cumulative Sales Proceeds
2,900,596.04
162
Cumulative Securitization Value
2,725,371.73
Cumulative Residual Gain (Loss)
175,224.31
VI. Reconciliation of Advances
Beginning Balance of Residual Advance
1,743,358.48
Reimbursement of Outstanding Advance
1,164,027.79
Additional Advances for current period
1,448,708.80
Ending Balance of Residual Advance
2,028,039.49
Beginning Balance of Payment Advance
3,321,179.70
Reimbursement of Outstanding Payment Advance
1,506,487.21
Additional Payment Advances for current period
1,197,701.93
Ending Balance of Payment Advance
3,012,394.42