<PAGE>
EXHIBIT 20
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM T-1
--------
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) X
-----
--------------
BANK ONE, NATIONAL ASSOCIATION
(EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)
A NATIONAL BANKING ASSOCIATION 36-0899825
(I.R.S. EMPLOYER
IDENTIFICATION NUMBER)
1 BANK ONE PLAZA, CHICAGO, ILLINOIS 60670-0126
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
BANK ONE, NATIONAL ASSOCIATION
1 BANK ONE PLAZA, SUITE IL1-0126
CHICAGO, ILLINOIS 60670-0126
ATTN: STEVEN M. WAGNER, (312) 407-1819
(NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)
-----------------
HARLEY-DAVIDSON EAGLEMARK MOTORCYCLE TRUST 2000-2
(EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)
DELAWARE PENDING
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
C/O WILMINGTON TRUST COMPANY, AS OWNER TRUSTEE
RODNEY SQUARE NORTH
1100 NORTH MARKET STREET
WILMINGTON, DELAWARE 19890-0001
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
HARLEY-DAVIDSON EAGLEMARK MOTORCYCLE TRUST 2000-2
HARLEY-DAVIDSON MOTORCYCLE CONTRACT BACKED NOTES
(TITLE OF INDENTURE SECURITIES)
<PAGE>
ITEM 1. GENERAL INFORMATION. FURNISH THE FOLLOWING
INFORMATION AS TO THE TRUSTEE:
(a) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
WHICH IT IS SUBJECT.
Comptroller of Currency, Washington, D.C.; Federal Deposit
Insurance Corporation, Washington, D.C.; The Board of Governors
of the Federal Reserve System, Washington D.C..
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
The trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF
THE TRUSTEE, DESCRIBE EACH SUCH AFFILIATION.
No such affiliation exists with the trustee.
ITEM 16. LIST OF EXHIBITS. LIST BELOW ALL EXHIBITS FILED AS A PART OF
THIS STATEMENT OF ELIGIBILITY.
1. A copy of the articles of association of the trustee now in
effect.*
2. A copy of the certificates of authority of the trustee to
commence business.*
3. A copy of the authorization of the trustee to exercise
corporate trus powers.*
4. A copy of the existing by-laws of thetrustee.*
5. Not Applicable.
6. The consent of the trustee required by Section 321b) of the
Act.
<PAGE>
7. A copy of the latest report of condition of the trustee
published pursuant to law or the requiremets of its
supervising or examining uthority.
8. Not Aplicable.
9. Not Applicable.
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Bank One, National Association, a national
banking association organized and existing under the laws of the United
States of America, has duly caused this Statement of Eligibility to be
signed on its behalf by the undersigned, thereunto duly authorized, all
in the City of Chicago and State of Illinois, on the 1st day of August,
2000.
BANK ONE, NATIONAL ASSOCIATION,
TRUSTEE
By /s/ Steven M. Wagner
-------------------------
STEVEN M. WAGNER
FIRST VICE PRESIDENT
* EXHIBITS 1, 2, 3, AND 4 ARE HEREIN INCORPORATED BY REFERENCE TO EXHIBITS
BEARING IDENTICAL NUMBERS IN ITEM 16 OF THE FORM T-1 OF BANK ONE,
NATIONAL ASSOCIATION, FILED AS EXHIBIT 25 TO THE REGISTRATION STATEMENT
ON FORM S-3 OF HOUSEHOLD FINANCE CORPORATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION ON MARCH 24, 2000 (REGISTRATION NO. 333-33240).
<PAGE>
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
August 1, 2000
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In connection with the qualification of an indenture between Harley-Davidson
Eaglemark Motorcycle Trust 2000-2 and Bank One, National Association, as
Trustee, the undersigned, in accordance with Section 321(b) of the Trust
Indenture Act of 1939, as amended, hereby consents that the reports of
examinations of the undersigned, made by Federal or State authorities
authorized to make such examinations, may be furnished by such authorities to
the Securities and Exchange Commission upon its request therefor.
Very truly yours,
BANK ONE, NATIONAL ASSOCIATION
BY: /s/ Steven M. Wagner
-----------------------------
STEVEN M. WAGNER
FIRST VICE PRESIDENT
<PAGE>
EXHIBIT 7
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: Bank One, NA Call Date: 03/31/00 ST-BK: 17-1630 FFIEC 031
Address: 1 Bank One Plaza, Ste 0303 Page RC-1
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
</TABLE>
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR MARCH 31, 2000
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding of the last business day of the
quarter.
SCHEDULE RC--BALANCE SHEET
<TABLE>
<CAPTION>
DOLLAR AMOUNTS IN THOUSANDS C400
RCFD BIL MIL THOU ----
----- ------------
<S> <C> <C> <C>
ASSETS
1. Cash and balances due from depository institutions
(from Schedule RC-A): RCFD
a. Noninterest-bearing balances and currency and coin(1)............. 0081 5,387,973 1.a
b. Interest-bearing balances(2)...................................... 0071 7,970,222 1.b
2. Securities
a. Held-to-maturity securities(from Schedule RC-B, column A)......... 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D)...... 1773 11,262,454 2.b
3. Federal funds sold and securities purchased under agreements to
resell............................................................... 1350 6,555,909 3.
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income (from Schedule RCFD
RC-C)................................................................ 2122 62,960,769 4.a
b. LESS: Allowance for loan and lease losses......................... 3123 580,798 4.b
c. LESS: Allocated transfer risk reserve............................. 3128 0 4.c
d. Loans and leases, net of unearned income, allowance, and RCFD
reserve (item 4.a minus 4.b and 4.c).............................. 2125 62,379,971 4.d
5. Trading assets (from Schedule RD-D).................................. 3545 3,443,465 5.
6. Premises and fixed assets (including capitalized leases)............. 2145 713,646 6.
7. Other real estate owned (from Schedule RC-M)......................... 2150 2,792 7.
8. Investments in unconsolidated subsidiaries and associated
companies (from Schedule RC-M)....................................... 2130 250,083 8.
9. Customers' liability to this bank on acceptances outstanding......... 2155 459,299 9.
10. Intangible assets (from Schedule RC-M)............................... 2143 217,835 10.
11. Other assets (from Schedule RC-F).................................... 2160 2,382,707 11.
12. Total assets (sum of items 1 through 11)............................. 2170 101,026,356 12.
</TABLE>
----------
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: Bank One, NA Call Date: 03/31/00 ST-BK: 17-1630 FFIEC 031
Address: 1 Bank One Plaza, Ste 0303 Page RC-1
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
</TABLE>
SCHEDULE RC-CONTINUED
<TABLE>
<CAPTION>
DOLLAR AMOUNTS IN
THOUSANDS
---------
<S> <C> <C> <C>
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C RCON
from Schedule RC-E, part 1)................................... 2200 26,881,942 13.a
(1) Noninterest-bearing(1).................................... 6631 11,976,145 13.a1
(2) Interest-bearing.......................................... 6636 14,905,797 13.a2
b. In foreign offices, Edge and Agreement subsidiaries, and RCFN
IBFs (from Schedule RC-E, part II)............................ 2200 29,239,287 13.b
(1) Noninterest bearing....................................... 6631 300,451 13.b1
(2) Interest-bearing.......................................... 6636 28,938,836 13.b2
14. Federal funds purchased and securities sold under agreements
to repurchase: RCFD 2800 9,523,831 14
15. a. Demand notes issued to the U.S. Treasury...................... RCON 2840 564,732 15.a
b. Trading Liabilities(from Schedule RC-D)....................... RCFD 3548 3,001,,629 15.b
16. Other borrowed money: RCFD
a. With original maturity of one year or less.................... 2332 16,889,123 16.a
b. With original maturity of more than one year................. A547 2,831,153 16.b
c. With original maturity of more than three years............... A548 915,064 16.c
17. Not applicable
18. Bank's liability on acceptance executed and outstanding.......... 2920 459,299 18.
19. Subordinated notes and debentures................................ 3200 3,400,000 19.
20. Other liabilities (from Schedule RC-G)........................... 2930 1,495,725 20.
21. Total liabilities (sum of items 13 through 20)................... 2948 95,201,785 21.
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus.................... 3838 0 23.
24. Common stock..................................................... 3230 200,858 24.
25. Surplus (exclude all surplus related to preferred stock)......... 3839 3,660,673 25.
26. a. Undivided profits and capital reserves........................ 3632 2,140,620 26.a
b. Net unrealized holding gains (losses) on available-for-sale
securities.................................................... 8434 (177,338) 26.b
c. ACCUMULATED NET GAINS (LOSSES) ON CASH FLOW HEDGES............ 4336 0 26.c
27. Cumulative foreign currency translation adjustments.............. 3284 (242) 27.
28. Total equity capital (sum of items 23 through 27)................ 3210 5,824,571 28.
29. Total liabilities, limited-life preferred stock, and equity
capital (sum of items 21, 22, and 28)............................ 3300 101,026,356 29.
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of the STATEMENT
below that best describes the most comprehensive level of
auditing work performed for the bank by independent external Number
auditors as of any date during 1996.............................. RCFD 6724 N/A / / M.1.
1 = Independent audit of the bank conducted in accordance 4.= Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements by external
submits a report on the consolidated holding company auditors
(but not on the bank separately) 7 = Other audit procedures (excluding tax preparation work)
3 = Directors' examination of the bank conducted in 8 = No external audit work
accordance with generally accepted auditing standards
by a certified public accounting firm (may be required by
state chartering authority)
</TABLE>
---------------------
(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.