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<PAGE> 1
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 earliest event reported): June 1, 1996
WFS Financial 1996-A Owner Trust
(Exact name of registrant as specified in charter)
<TABLE>
<CAPTION>
<S> <C> <C>
California 33-97884 33-0149603
- --------------------------------- -------------- --------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
</TABLE>
WFS Financial Auto Loans, Inc. (as Originator)
23 Pasteur Road
Irvine, California 92718
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (714) 753-3000
Exhibit Index is on Page 4.
<PAGE> 2
ITEM 5. OTHER EVENTS
On March 22, 1996 the Commission declared effective a Registration Statement on
Form S-1 (File No. 33-97884) (the "Registration Statement") under the
Securities Act of 1933, as amended (the "Securities Act"), providing for the
issuance by the WFS Financial 1996-A Owner Trust (the "Trust") of the following
securities:
$72,500,000 of 5.35% Money Market Auto Receivable Backed Notes, Class A-1,
$145,000,000 of 5.70% Auto Receivable Backed Notes, Class A-2,
$115,000,000 of 6.05% Auto Receivable Backed Notes, Class A-3,
$90,000,000 of 6.15% Auto Receivable Backed Notes, Class A-4,
$28,550,000 of 6.375% Auto Receivable Backed Notes, Class A-5 and
$33,950,000 of 6.20% Auto Receivable Backed Certificates.
The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes and
Class A-5 Notes (the "Notes" and together with the Certificates, the
"Securities") and the Certificates were issued by the Trust on March 28, 1996.
The Notes are secured by the assets of the Trust, while the Certificates
evidence undivided fractional interests in the assets of the Trust. The Notes
and the Certificates were issued in fully-registered form in denominations of
$1,000 and integral multiples thereof. As more fully described in the
Registration Statement, the assets of the Trust will include (i) a pool of
retail installment contracts secured by liens on new and used automobiles and
light trucks, (ii) a financial guaranty insurance policy issued by Financial
Security Assurance Inc. (the "Insurer"), and (iii) certain accounts maintained
by the Trustee on behalf of the Trust, including all investments held thereby
and all income from the investment of funds therein and all proceeds therefrom.
Pursuant to the Sale and Servicing Agreement ("Agreement") entered into by and
among the Trust, WFS Financial Inc (the "Master Servicer") and Western
Financial Auto Loans, Inc. (the originator of the Trust), the Indenture Trustee
will deliver to each Noteholder and the Owner Trustee will deliver to each
Certificateholder with respect to each quarterly distribution to holders of the
Securities a statement (the "Statement to Securityholders") setting forth
certain current information required by the Agreement. In addition, and also
as required by the Agreement, the Master Servicer is required to provide to both
the Indenture Trustee and the Owner Trustee a report regarding the assets of
the Trust and the proceeds received by it therefrom as to the quarterly
reporting period preceding each Distribution Date (the "Distribution Date
Statement"). Copies of the Statement to Securityholders and the Distribution
Date Statement with respect to the June 1, 1996 Distribution Date is filed
herewith as Exhibits 21.1 and 21.2, respectively, and are incorporated herein
by this reference.
On May 29, 1996 Western Financial Auto Loans, Inc. changed its name to WFS
Financial Auto Loans, Inc.
No matters occurred within the period as to which this Current Report on Form
8-K relates that would be reportable under Items 1 through 5 of Part II of Form
10-Q.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Page 2
<PAGE> 3
(c) Exhibits
The exhibits listed on the Exhibit Index on page 4 of this Form 8-K are filed
herewith.
Page 3
<PAGE> 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
WFS FINANCIAL 1996-A OWNER TRUST
By: WFS Financial Inc
as Master Servicer
Date: June 14, 1996 By: /s/ LEE A. WHATCOTT
-----------------------------------------
Lee A. Whatcott, Chief Financial Officer
Page 4
<PAGE> 5
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No. Description Page
- ----------- ----------- ----
<S> <C> <C>
21.1 Statement to Securityholders as to the 5
June 1, 1996 Distribution Date
21.2 Distribution Date Statement dated as of 12
April 30, 1996 for the June 1, 1996 Distribution Date
</TABLE>
Page 5
<PAGE> 1
EXHIBIT 21.1
WFS FINANCIAL 1996-A OWNER TRUST
Statement to Securityholders
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
Class A-1
<TABLE>
<S> <C>
Original Principal Balance 72,500,000.00
</TABLE>
<TABLE>
<CAPTION>
PER $1000
ORIG PRIN
AGGREGATE BALANCES: TOTALS BALANCE
<S> <C> <C> <C>
Aggregate Unpaid Principal Balance as of Prior Distribution Date 72,500,000.00 1000.000000
Aggregate Unpaid Principal Balance as of Current Distribution Date 34,893,058.76 481.283569
Pool Factor 0.481284
PRINCIPAL DISTRIBUTABLE AMOUNT:
Principal Distributable Amount 37,606,941.24 518.716431
Plus: Prior Principal Carryover Shortfall 0.00 0.000000
Less: Current Principal Carryover Shortfall 0.00 0.000000
-------------
Total Principal Distributable Amount 37,606,941.24 518.716431
INTEREST DISTRIBUTABLE AMOUNT:
Interest Distributable Amount 969,687.50 13.375000
Plus: Prior Interest Carryover Shortfall 0.00 0.000000
Less: Current Interest Carryover Shortfall 0.00 0.000000
-------------
Total Interest Distributable Amount 969,687.50 13.375000
PER $1000
AGGREGATE
AGGREGATE SECURITY RELATED INFORMATION: ORIG PRIN BAL
Servicing Fee 808,334.00 1.666668
Spread Account Deposit 2,513,996.12 n/a
Note Percentage 100.00% n/a
Certificate Percentage 0.00% n/a
</TABLE>
<PAGE> 2
WFS FINANCIAL 1996-A OWNER TRUST
Statement to Securityholders
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
Class A-2
<TABLE>
<S> <C>
Original Principal Balance 145,000,000.00
</TABLE>
<TABLE>
<CAPTION>
PER $1000
ORIG PRIN
AGGREGATE BALANCES: TOTALS BALANCE
<S> <C> <C> <C>
Aggregate Unpaid Principal Balance as of Prior Distribution Date 145,000,000.00 1000.000000
Aggregate Unpaid Principal Balance as of Current Distribution Date 145,000,000.00 1000.000000
Pool Factor 1.000000
PRINCIPAL DISTRIBUTABLE AMOUNT:
Principal Distributable Amount 0.00 0.000000
Plus: Prior Principal Carryover Shortfall 0.00 0.000000
Less: Current Principal Carryover Shortfall 0.00 0.000000
------------
Total Principal Distributable Amount 0.00 0.000000
Interest Distributable Amount:
Interest Distributable Amount 2,066,250.00 14.250000
Plus: Prior Interest Carryover Shortfall 0.00 0.000000
Less: Current Interest Carryover Shortfall 0.00 0.000000
------------
Total Interest Distributable Amount 2,066,250.00 14.250000
PER $1000
AGGREGATE
AGGREGATE SECURITY RELATED INFORMATION: ORIG PRIN BAL
Servicing Fee 808,334.00 1.666668
Spread Account Deposit 2,513,996.12 n/a
Note Percentage 100.00% n/a
Certificate Percentage 0.00% n/a
</TABLE>
<PAGE> 3
WFS FINANCIAL 1996-A OWNER TRUST
Statement to Securityholders
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
Class A-3
<TABLE>
<S> <C>
Original Principal Balance 115,000,000.00
</TABLE>
<TABLE>
<CAPTION>
PER $1000
ORIG PRIN
AGGREGATE BALANCES: TOTALS BALANCE
<S> <C> <C> <C>
Aggregate Unpaid Principal Balance as of Prior Distribution Date 115,000,000.00 1000.000000
Aggregate Unpaid Principal Balance as of Current Distribution Date 115,000,000.00 1000.000000
Pool Factor 1.000000
Principal Distributable Amount:
Principal Distributable Amount 0.00 0.000000
Plus: Prior Principal Carryover Shortfall 0.00 0.000000
Less: Current Principal Carryover Shortfall 0.00 0.000000
------------
Total Principal Distributable Amount 0.00 0.000000
INTEREST DISTRIBUTABLE AMOUNT:
Interest Distributable Amount 1,739,375.00 15.125000
Plus: Prior Interest Carryover Shortfall 0.00 0.000000
Less: Current Interest Carryover Shortfall 0.00 0.000000
------------
Total Interest Distributable Amount 1,739,375.00 15.125000
PER $1000
AGGREGATE
AGGREGATE SECURITY RELATED INFORMATION: ORIG PRIN BAL
Servicing Fee 808,334.00 1.666668
Spread Account Deposit 2,513,996.12 n/a
Note Percentage 100.00% n/a
Certificate Percentage 0.00% n/a
</TABLE>
<PAGE> 4
WFS FINANCIAL 1996-A OWNER TRUST
Statement to Securityholders
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
Class A-4
<TABLE>
<S> <C>
Original Principal Balance 90,000,000.00
</TABLE>
<TABLE>
<CAPTION>
PER $1000
ORIG PRIN
AGGREGATE BALANCES: TOTALS BALANCE
<S> <C> <C> <C>
Aggregate Unpaid Principal Balance as of Prior Distribution Date 90,000,000.00 1000.000000
Aggregate Unpaid Principal Balance as of Current Distribution Date 90,000,000.00 1000.000000
Pool Factor 1.000000
PRINCIPAL DISTRIBUTABLE AMOUNT:
Principal Distributable Amount 0.00 0.000000
Plus: Prior Principal Carryover Shortfall 0.00 0.000000
Less: Current Principal Carryover Shortfall 0.00 0.000000
------------
Total Principal Distributable Amount 0.00 0.000000
INTEREST DISTRIBUTABLE AMOUNT:
Interest Distributable Amount 1,383,750.00 15.375000
Plus: Prior Interest Carryover Shortfall 0.00 0.000000
Less: Current Interest Carryover Shortfall 0.00 0.000000
------------
Total Interest Distributable Amount 1,383,750.00 15.375000
PER $1000
AGGREGATE
AGGREGATE SECURITY RELATED INFORMATION: ORIG PRIN BAL
Servicing Fee 808,334.00 1.666668
Spread Account Deposit 2,513,996.12 n/a
Note Percentage 100.00% n/a
Certificate Percentage 0.00% n/a
</TABLE>
<PAGE> 5
WFS FINANCIAL 1996-A OWNER TRUST
Statement to Securityholders
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
Class A-5
<TABLE>
<S> <C>
Original Principal Balance 28,550,000.00
</TABLE>
<TABLE>
<CAPTION>
PER $1000
ORIG PRIN
AGGREGATE BALANCES: TOTALS BALANCE
<S> <C> <C> <C>
Aggregate Unpaid Principal Balance as of Prior Distribution Date 28,550,000.00 1000.000000
Aggregate Unpaid Principal Balance as of Current Distribution Date 28,550,000.00 1000.000000
Pool Factor 1.000000
PRINCIPAL DISTRIBUTABLE AMOUNT:
Principal Distributable Amount 0.00 0.000000
Plus: Prior Principal Carryover Shortfall 0.00 0.000000
Less: Current Principal Carryover Shortfall 0.00 0.000000
----------
Total Principal Distributable Amount 0.00 0.000000
INTEREST DISTRIBUTABLE AMOUNT:
Interest Distributable Amount 455,015.63 15.937500
Plus: Prior Interest Carryover Shortfall 0.00 0.000000
Less: Current Interest Carryover Shortfall 0.00 0.000000
----------
Total Interest Distributable Amount 455,015.63 15.937500
PER $1000
AGGREGATE
AGGREGATE SECURITY RELATED INFORMATION: ORIG PRIN BAL
Servicing Fee 808,334.00 1.666668
Spread Account Deposit 2,513,996.12 n/a
Note Percentage 100.00% n/a
Certificate Percentage 0.00% n/a
</TABLE>
<PAGE> 6
WFS FINANCIAL 1996-A OWNER TRUST
Statement to Securityholders
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
Certificate
<TABLE>
<S> <C>
Original Principal Balance 33,950,000.00
</TABLE>
<TABLE>
<CAPTION>
PER $1000
ORIG PRIN
AGGREGATE BALANCES: TOTALS BALANCE
<S> <C> <C> <C>
Aggregate Unpaid Principal Balance as of prior Distribution Date 33,950,000.00 1000.000000
Aggregate Unpaid Principal Balance as of current Distribution Date 33,950,000.00 1000.000000
Pool Factor 1.000000
PRINCIPAL DISTRIBUTABLE AMOUNT:
Principal Distributable Amount 0.00 0.000000
Plus: Prior Principal Carryover Shortfall 0.00 0.000000
Less: Current Principal Carryover Shortfall 0.00 0.000000
----------
Total Principal Distributable Amount 0.00 0.000000
INTEREST DISTRIBUTABLE AMOUNT:
Interest Distributable Amount 526,225.00 15.500000
Plus: Prior Interest Carryover Shortfall 0.00 0.000000
Less: Current Interest Carryover Shortfall 0.00 0.000000
----------
Total Interest Distributable Amount 526,225.00 15.500000
PER $1000
AGGREGATE
AGGREGATE SECURITY RELATED INFORMATION: ORIG PRIN BAL
Servicing Fee 808,334.00 1.666668
Spread Account Deposit 2,513,996.12 n/a
Note Percentage 100.00% n/a
Certificate Percentage 0.00% n/a
</TABLE>
<PAGE> 1
EXHIBIT 21.2
WFS FINANCIAL 1996-A OWNER TRUST
Distribution Date Statement
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
<TABLE>
<CAPTION>
COLLECTIONS
DOLLARS
<S> <C> <C> <C>
Payments received 47,749,276.78
Plus:
Servicer Advances 1,657,502.80
Reimbursement of holds 262,691.49
-------------
1,920,194.29
Less:
Reimbursement Advances
Funds deposited in Holds Account 338,832.15
1,061,378.29
1,400,210.44
-------------
Total Funds Available for Distribution 48,269,260.63
=============
DISTRIBUTIONS
Servicing Fee 808,334.00
Trustee and Other Fees 135,704.94
Other Miscellaneous Payments 63,981.20
-------------
1,008,020.14
Note Interest Distributable Amount - Class A-1 969,687.50
Note Interest Distributable Amount - Class A-2 2,066,250.00
Note Interest Distributable Amount - Class A-3 1,739,375.00
Note Interest Distributable Amount - Class A-4 1,383,750.00
Note Interest Distributable Amount - Class A-5 455,015.63
------------
Total Note Interest Distributable Amount 6,614,078.13
Certificate Interest Distributable Amount 526,225.00
-------------
Total Interest Distribution 7,140,303.13
Note Principal Distributable Amount - Class A-1 37,606,941.24
Note Principal Distributable Amount - Class A-2 thru A-5 0.00
Certificate Principal Distributable Amount 0.00
-------------
Total Principal Distribution 37,606,941.24
-------------
Spread Account Deposit 2,513,996.12
Total Distributions 48,269,260.63
=============
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
WFS FINANCIAL 1996-A OWNER TRUST
Distribution Date Statement
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
<S> <C> <C> <C>
PORTFOLIO DATA:
# of loans
Beginning Security Balance 45,010 485,000,000.00
Scheduled Principal Balance 0 13,271,669.01
Full Prepayments 2,308 22,695,629.74
Partial Prepayments 0 0.00
Liquidations 167 1,639,642.49
-------------
37,606,941.24
--------------
Ending Security Balance 42,535 447,393,058.76
OTHER RELATED INFORMATION:
Spread Account:
Beginning Balance 14,550,000.00
Deposits 2,513,996.12
Reductions 0.00
-------------
Ending Balance 17,063,996.12
Beginning Initial Deposit Repayment 14,550,000.00
Repayments 0.00
-------------
Ending Initial Deposit Repayment 14,550,000.00
Modified Accounts:
Principal Balance 0.00% 0.00
Scheduled Balance 0.00% 0.00
Servicer Advances
Beginning Unreimbursed Advances: 0.00
New Advances 1,657,502.80
Advances Reimbursed 338,832.15
-------------
Ending Unreimbursed Advances: 1,318,670.65
Holding Account:
Beginning Balance 0.00
Funds Deposited 1,061,378.29
Withdrawal to Collection Account 262,691.49
-------------
Ending Balance 798,686.80
Net Charge-Off Data: # of loans
Charge-Offs 86 357,682.58
Recoveries 20 59,004.26
-------------
Net Charge-Offs 66 298,678.32
Delinquencies ( P&I): # of loans
30-59 Days 246 2,330,350.94
60-89 Days 65 622,661.74
90-119 Days 4 61,562.45
120-149 Days 0 0.00
150 days and over 0 0.00
Repossessions 48 276,537.63
Contracts Repurchased (pursuant to Sect. 3.02, 4.07, or
9.01 of the Sale and Servicing Agreement) 0 0.00
Charge-Off Percentage 0.96%
Delinquency Percentage 0.08%
WAC 15.4438%
WAM 53.966
</TABLE>
<PAGE> 3
WFS FINANCIAL 1996-A OWNER TRUST
Delinquent Contracts Two or More P&I Payments
at End of Collateral Period
Under Section 4.09 (b) (v) of Service Agreement
for Master Service Report Date of April 30, 1996
<TABLE>
<CAPTION>
ACCOUNT MONTHLY SCHEDULED MATURITY
NUMBERS CUSTOMER P&I BALANCE DATE
-------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4.0E+08 TINA,M,ROGO 249.15 12,308.28 04/18/01
4.0E+08 JOHN,E,LUCERO 302.57 14,350.74 06/05/01
4.0E+08 GERARDO,I,LARA 297.83 9,642.75 12/08/99
4.0E+08 PERKASH,,VASWANI 595.57 26,305.76 12/21/00
4.0E+08 ENRIQUE,Q,DELVALLE 346.17 15,448.38 01/16/01
4.0E+08 MILTON,W,LOPEZ 308.06 12,879.32 01/22/01
4.0E+08 JUSTIN,,CHILSON 270.98 10,361.16 01/23/01
4.1E+08 REGINALD,J,SMITH 394.78 14,057.85 12/18/00
4.1E+08 JAMES,E,THAIRU 363.40 14,568.89 02/02/01
4.2E+08 KIM,V,COSGROVE 375.00 15,548.80 10/17/00
4.2E+08 JAMES,R,ALBERT:JR 263.61 8,347.06 12/10/99
4.2E+08 WILFRED,E,MOLINA:JR 259.71 8,125.40 10/28/99
4.2E+08 CHRISTOPHER,R,BRANCH 395.00 16,349.94 12/01/00
4.2E+08 JOHN,,COLLIS 121.04 2,155.17 11/30/97
4.2E+08 SERGIO,C,RAMIREZ 369.70 15,888.79 01/29/01
4.6E+08 HOLLY,P,FISCHER 318.32 11,743.91 11/30/00
4.6E+08 CRAIG,M,BISTRONG 404.29 16,877.31 01/22/01
4.7E+08 CHIARA,A,KACHENKO 335.37 12,606.24 11/19/00
4.7E+08 DAVID,L,FOSSETT 246.32 10,666.93 12/20/00
4.7E+08 STEVEN,F,FRAZIER 550.08 22,807.55 01/05/01
4.7E+08 MARIO,O,CARRASCO 88.20 2,344.47 01/10/99
4.7E+08 ANTHONY,A,KASHANI 299.57 8,059.88 01/09/99
1.1E+09 CLIFFORD,L,AMEY 402.18 14,061.35 05/10/00
1.1E+09 DAVID,A,BUESING 174.65 4,986.61 10/10/98
1.1E+09 GEORGE,,COTTLE 100.33 2,010.00 01/04/98
1.2E+09 DARREN,J,LANGEN 542.26 26,561.95 11/04/01
1.2E+09 DAWN,R,STECKLEIN 197.15 3,905.07 12/28/97
1.2E+09 TIM,B,HICKS 309.66 11,900.46 02/04/00
1.2E+09 EDGAR,M,GOMEZ 268.87 9,739.46 01/09/00
1.2E+09 PETER,J,SENZEL 339.75 8,600.70 01/17/01
1.2E+09 NGAWANG,K,GYALTSEN 231.10 7,746.30 09/06/99
1.2E+09 BRIAN,K,BIEBERLY 578.33 24,750.00 01/19/01
1.3E+09 BRIAN,W,WINTER 299.93 13,977.08 09/15/01
1.4E+09 JAMES,E,BEATY 327.87 9,612.97 07/22/99
1.5E+09 LEWIS,A,VANN 144.36 2,977.22 01/08/98
1.5E+09 MARGARET,L,ROMAN 410.44 14,945.11 07/18/00
1.5E+09 MICHAEL,D,CROSS 352.33 13,370.74 12/08/00
1.5E+09 PAULINE,,THORPE 181.16 6,139.17 12/12/99
1.5E+09 SHONNA,,CHRISTOPHERSON 218.05 3,642.56 11/06/97
1.5E+09 ROBERT,,HAWKINS 540.80 12,000.68 06/12/98
1.5E+09 MICHAEL,,KUCERA 205.38 1,941.58 01/09/97
1.6E+09 SANDRA,M,CROOKS 103.85 2,673.60 11/15/98
1.6E+09 JAVIER,,GUZMAN 270.97 4,705.11 11/27/97
1.6E+09 JEFFREY,L,HARRIS 177.74 3,332.73 01/11/98
1.6E+09 JOSEPHINE,,MIRANDA 130.70 3,228.41 09/22/98
1.6E+09 ERNEST,,ALCANTAR 130.39 3,352.49 11/06/98
1.7E+09 REHBA,D,HAYNES 344.97 11,557.75 07/10/99
1.7E+09 DORIS,,MCPETERS 261.26 6,624.07 11/27/98
1.7E+09 ALISHA,T,LANE 411.67 16,146.47 01/26/01
1.7E+09 DARREN,L,TREUMER 151.11 3,913.89 01/22/99
1.7E+09 PIERRE,R,BRYANT 180.83 3,187.68 12/27/97
</TABLE>
<PAGE> 4
WFS FINANCIAL 1996-A OWNER TRUST
Delinquent Contracts Two or More P&I Payments
at End of Collateral Period
Under Section 4.09 (b) (v) of Service Agreement
for Master Service Report Date of April 30, 1996
<TABLE>
<CAPTION>
ACCOUNT MONTHLY SCHEDULED MATURITY
NUMBERS CUSTOMER P&I BALANCE DATE
--------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.8E+09 TYLER,JAMES,WADE 138.78 2,602.24 01/15/98
1.8E+09 TIMOTHY,,BROWN 171.07 3,202.33 12/05/97
1.8E+09 CAROLYN,,FRYSON 457.26 14,509.24 06/13/99
1.8E+09 LEONARD,A,OSANA 183.13 4,882.58 10/26/98
1.8E+09 TERRY,,BAIRD 237.57 4,293.59 12/05/97
1.8E+09 LORI,M,LAVIER 204.77 1,498.75 01/29/00
2.0E+09 SANDRA,Y,RICHARDSON 387.51 12,589.68 12/15/99
3.0E+09 DUSTY,,MOORE 387.75 7,808.70 03/25/98
3.1E+09 THOMAS,D,WILLIAMS 228.38 5,614.70 12/15/98
3.2E+09 MICHAEL,,NEAL 336.42 11,593.21 06/06/00
3.2E+09 JOHN,,BLANEY 320.00 12,602.02 01/28/01
3.3E+09 ARTIE,C,JOHNSON 514.79 16,194.96 11/28/99
3.3E+09 LEROY,R,ROBERTSON 209.28 5,842.67 05/08/99
3.3E+09 CHARLES,L,MCDUFFIE 295.14 9,967.57 06/19/00
3.3E+09 ERIC,,POWELL 326.00 9,963.88 11/15/99
7.6E+09 HAROLD,M,BABB 279.98 1,110.00 07/09/96
-------------------------
19,820.64 657,311.91
=========================
</TABLE>
<PAGE> 5
WFS FINANCIAL 1996-A OWNER TRUST
Officer's Certificate
for Master Service Report Date of April 30, 1996
for Distribution Date of June 1, 1996
Detailed Reporting
See Schedule F
All computations presented reflect accurate information as of April
30, 1996 and were performed in conformity with the Sale and Servicing
Agreement dated March 1, 1996.
/s/ Lee A. Whatcott
--------------------------
Lee A. Whatcott
Sr. Vice President
Chief Financial Officer
/s/ Mark Olson
--------------------------
Mark Olson
Vice President
Controller
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