TOYOTA AUTO LEASE TRUST 1997-A, 8-K, EX-20, 2001-01-05

TOYOTA AUTO LEASE TRUST 1997-A
8-K, EX-20, 2001-01-05
ASSET-BACKED SECURITIES

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Exhibit 20

TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate—Toyota Auto Lease Trust 1997-A
Distribution Date of December 26, 2000 for the Collection Period of November 1, 2000 through November 30, 2000

Pool Data—Original Deal Parameters
Aggregate Net Investment Value (ANIV)	1,231,231,519.20
Discounted Principal Balance	1,231,231,519.20
Servicer Advance	2,825,418.78
Servicer Payahead	1,580,862.05
Number of Contracts	56,340
Weighted Average Lease Rate	7.66	%
Weighted Average Remaining Term	35.8
Servicing Fee Percentage	1.00	%

Pool Data—Current Month
Aggregate Net Investment Value	186,808,800.60
Discounted Principal Balance	178,805,427.79
Servicer Advances	1,219,871.45
Servicer Pay Ahead Balance	2,575,756.14
Maturity Advances Outstanding	34,848,470.51
Number of Current Contracts	11,102
Weighted Average Lease Rate	8.24	%
Weighted Average Remaining Term	9.4

Reserve Fund
Initial Deposit Amount	30,780,787.98
Specified Reserve Fund Percentage	4.425	%
Specified Reserve Fund Amount	54,481,994.72

	Class A Amount		Class B Amount		Total Amount

Beginning Balance		30,384,020.88		1,227,656.25		31,611,677.13
Withdrawal Amount		557,406.45		—		557,406.45
Cash Capital Contribution		—				—
Transferor Excess		81,802.02				81,802.02

Reserve Fund Balance Prior to Release		29,908,416.45		1,227,656.25		31,136,072.70
Specified Reserve Fund Balance		53,254,338.47		1,227,656.25		54,481,994.72

Release to Transferor		—		—		—
Ending Reserve Fund Balance		29,908,416.45		1,227,656.25		31,136,072.70
Prior Cumulative Withdrawal Amount		36,853,997.89		—		36,853,997.89
Cumulative Withdrawal Amount*		37,411,404.34		—		37,411,404.34

Liquidation of Charge-offs and Repossessions

	Vehicles

Liquidated Contracts		69
Discounted Principal Balance			1,147,167.67
Net Liquidation Proceeds			(755,645.95	)
Recoveries—Previously Liquidated Contracts			(116,084.50	)

Aggregate Credit Losses for the Collection Period			275,437.22

Cumulative Credit Losses for all Periods			18,184,265.80

Repossessed in Current Period		22

Ratio of Net Credit Losses to the Average Pool Balance for Each Collection Period:	Annualized Average Charge-Off Rate

Second Preceding Collection Period		(0.07	)%
First Preceding Collection Period		(0.33	)%
Current Collection Period		1.71	%

Condition (i) (Charge-off Rate)
Three Month Average	0.43	%
Charge-off Rate Indicator ( > 1.25%)	condition not met

______________

Revised

Delinquent Contracts

	Percent			Accounts		Percent			ANIV

31-60 Days Delinquent		4.13	%		459		4.15	%		7,747,765.27
61-90 Days Delinquent		0.34	%		38		0.32	%		599,425.44
Over 90 Days Delinquent		0.05	%		6		0.04	%		79,691.70

Total Delinquencies					503					8,426,882.41


Ratio of Number of Contracts Delinquent 60 Days or More to the Outstanding Number of Receivables as of Each Collection Period (Includes Repossessions):
Second Preceding Collection Period	0.89	%
First Preceding Collection Period	0.59	%
Current Collection Period	0.40	%

Condition (ii) (Delinquency Percentage)
Three Month Average	0.63	%
Delinquency Percentage Indicator ( > 1.25%)	condition not met

Residual Value (Gain) Loss

	Vehicles

Matured Lease Vehicle Inventory Sold		308	5,307,575.11
Net Liquidation Proceeds			(4,624,082.21	)

Net Residual Value (Gain) Loss			683,492.90

Cumulative Residual Value (Gain) Loss all periods			53,133,182.53

Matured Vehicles Sold for each Collection Period

	Number Sold		Scheduled Maturities		Sale Ratio			Average Net Liquidation Proceeds		Average Residual Value

Second Preceding Collection Period		1,832		82		100.00	%		14,568.48		16,976.06
First Preceding Collection Period		495		62		100.00	%		14,657.65		17,287.61
Current Collection Period		308		98		100.00	%		15,013.25		18,085.36
Three Month Average									14,637.22		17,164.25

Ratio of Three Month Average Net Liquidation Proceeds to Average Residual Value											85.28	%

Condition (iii) (Residual Value Test)

	Current Period Amount/Ratio			Test Met?

a) Number of Vehicles Sold > 25% of Scheduled Maturities		100.00	%		YES
b) Number of Scheduled Maturities > 500		98			NO
c) 3 Month Average Matured Leased Vehicle Proceeds <75% of Avg. Residual Values		85.28	%		NO
Residual Value Indicator (condition met if tests a, b and c = YES)					condition not met

				Certificate Balance						Class A1

	Total			Percent			Balance			Balance

Interest:					98.00	%
Interest Collections		1,285,627.71
Net Investment Income		8,787.28
Non-recoverable Advances		(77,224.85	)

Available Interest		1,217,190.14						1,172,486.59			—
Class A1, A2, A3 Notional Interest Accrual Amount		(391,031.25	)					(391,031.25	)		—
Unreimbursed A1, A2, A3 Interest Shortfall		—						—			—
Interest Accrual for Adjusted Class B Certificate Bal.		(415,406.25	)					(415,406.25	)
Class B Interest Carryover Shortfall		—						—
Servicer's Fee		(166,299.76	)					(160,147.68	)
Capped Expenses		(32,441.31	)					(31,241.18	)
Interest Accrual on Class B. Cert. Prin. Loss Amt.		—						—
Uncapped Expenses		—						—

Total Unallocated Interest		212,011.57						174,660.23
Excess Interest to Transferor		—						(174,660.23	)

Net Interest Collections Available		212,011.57						—

Losses Allocable to Investors' Certificates:		(923,455.54	)
Accelerated Principal Distribution:		—
Deposit to Reserve Fund:		81,802.02
Withdrawal from Reserve Fund:		557,406.45
Reimbursement/Deposit from Transferor Prin:		235,839.54
Net withdrawal from the Reserve Fund:		475,604.43
Principal:
Current Loss Amount		(958,930.12	)					(923,455.54	)		—
Loss Reimbursement from Transferor		366,049.09						366,049.09			—
Loss Reimbursement from Reserve Fund		557,406.45						557,406.45			—

Total		(35,474.58	)					—			—
Class A Certificate Principal Loss Amounts
Beginning Balance		—
Current increase (decrease)		—

Ending Balance		—
Class A Interest Subordinated
Beginning Balance		—
Current increase (decrease)		—

Ending Balance		—
Class B Certificate Principal Loss Amounts
Beginning Balance		—
Current increase (decrease)		—

Ending Balance		—
Class B Interest Subordinated:
Beginning Balance		—
Current increase (decrease)		—

Ending Balance		—
Principal Distributions/Allocations:
Distribution—Current Period		12,479,593.09						—			—
Allocations—Current Period		—						—			—
Allocations—Accelerated Principal Distribution		—						—			—
Allocations—Not Disbursed Beginning of Period		—						—			—
Allocations—Not Disbursed End of Period		—						—			—
Interest Distributions/Allocations:
Distribution—Current Period		—						—			—
Allocations—Current Period		806,437.50						806,437.50			—
Allocations—Not Disbursed Beginning of Period		1,612,875.00						1,612,875.00			—
Allocations—Not Disbursed End of Period		2,419,312.50						2,419,312.50			—
Due To Trust—Current Period:								—
Total Deposit to/ (Withdrawal from) Reserve Fund		(475,604.43	)
Due To Trust		13,277,243.31						797,650.22			—

Total Due To Trust		12,801,638.88						797,650.22			—

									Transferor Interest
	Class A2		Class A3			Class B
	Balance		Balance			Balance			Interest			Principal

Interest:										2.00	%
Interest Collections
Net Investment Income
Non-recoverable Advances
Available Interest		—		581,844.47			590,642.12			44,703.55
Class A1, A2, A3 Notional Interest Accrual Amount		—		(391,031.25	)
Unreimbursed A1, A2, A3 Interest Shortfall		—		—
Interest Accrual for Adjusted Class B Certificate Bal.							(415,406.25	)
Class B Interest Carryover Shortfall							—
Servicer's Fee										(6,152.08	)
Capped Expenses										(1,200.13	)
Interest Accrual on Class B. Cert. Prin. Loss Amt.							—
Uncapped Expenses										—

Total Unallocated Interest										37,351.34
Excess Interest to Transferor										174,660.23

Net Interest Collections Available										212,011.57
Losses Allocable to Investors' Certificates:										(923,455.54	)
Accelerated Principal Distribution:										—

Deposit to Reserve Fund:										(711,443.97	)

Withdrawal from Reserve Fund:
Reimbursement/Deposit from Transferor Prin:
Net withdrawal from the Reserve Fund:
Principal:
Current Loss Amount		—		(923,455.54	)		—						(35,474.58	)
Loss Reimbursement from Transferor		—		366,049.09			—			(366,049.09	)
Loss Reimbursement from Reserve Fund		—		557,406.45			—

Total		—		—			—						(35,474.58	)
Class A Certificate Principal Loss Amounts
Beginning Balance
Current increase (decrease)
Ending Balance
Class A Interest Subordinated
Beginning Balance
Current increase (decrease)
Ending Balance
Class B Certificate Principal Loss Amounts
Beginning Balance
Current increase (decrease)
Ending Balance
Class B Interest Subordinated:
Beginning Balance
Current increase (decrease)
Ending Balance
Principal Distributions/Allocations:
Distribution—Current Period		—		—			—						12,479,593.09
Allocations—Current Period		—		—			—
Allocations—Accelerated Principal Distribution		—		—			—
Allocations—Not Disbursed Beginning of Period		—		—			—
Allocations—Not Disbursed End of Period		—		—			—
Interest Distributions/Allocations:
Distribution—Current Period		—		—			—			—
Allocations—Current Period		—		391,031.25			415,406.25
Allocations—Not Disbursed Beginning of Period		—		782,062.50			830,812.50
Allocations—Not Disbursed End of Period		—		1,173,093.75			1,246,218.75
Due To Trust—Current Period:
Total Deposit to/ (Withdrawal from) Reserve Fund
Due To Trust		—		386,670.58			410,979.64			—			12,479,593.09

Total Due To Trust		—		386,670.58			410,979.64			—			12,479,593.09

				Certificate Balance						Class A1

	Total			Percent			Balance			Percent			Balance

Original Deal Parameter
Aggregate Net Investment Value (ANIV)		1,231,231,519.20
Discounted Principal Balance		1,231,231,519.20
Initial Notional/Certificate Balance		—			100.00	%		1,206,600,000.00			33.98	%		410,000,000.00
Percent of ANIV								98.00	%					33.30	%
Certificate Factor								1.0000000						1.0000000
Notional/Certificate Rate														6.2000	%
Target Maturity Date														September 27, 1999
Servicer Advance		2,825,418.78
Servicer Payahead		1,580,862.05
Number of Contracts		56,340
Weighted Average Lease Rate		7.66	%
Weighted Average Remaining Term		35.8
Servicing Fee Percentage		1.00	%

Pool Data Prior Month
Aggregate Net Investment Value		199,559,707.81
Maturity Advances Outstanding		47,328,063.60
ANIV Net of Maturity Advance **		152,231,644.21
Discounted Principal Balance		192,045,920.72
Notional/Certificate Balance								146,600,000.00						—
Adjusted Notional/Certificate Balance								146,600,000.00						—
Percent of ANIV								96.30	%					0.00	%
Certificate Factor								1.0000000						—
Servicer Advances		1,241,834.49
Servicer Pay Ahead Balance		2,949,874.81
Number of Current Contracts		11,718
Weighted Average Lease Rate		8.21	%
Weighted Average Remaining Term		9.8

Pool Data Current Month
Aggregate Net Investment Value		186,808,800.60
Maturity Advances Outstanding		34,848,470.51
ANIV Net of Maturity Advance **		151,960,330.09
Discounted Principal Balance		178,805,427.79
Notional/Certificate Balance								146,600,000.00						0.00
Adjusted Notional/Certificate Balance								146,600,000.00						0.00
Percent of ANIV								96.47	%					0.00	%
Certificate Factor								1.0000000						—
Servicer Advances		1,219,871.45
Servicer Pay Ahead Balance		2,575,756.14
Number of Current Contracts		11,102
Weighted Average Lease Rate		8.24	%
Weighted Average Remaining Term		9.4
Prior Certificate Interest Payment Date		September 25, 2000
Next Certificate Interest Payment Date		March 26, 2001

	Class A2						Class A3						Class B						Transferor Interest

	Percent			Balance			Percent			Balance			Percent			Balance			Balance

Original Deal Parameter
Aggregate Net Investment Value (ANIV)
Discounted Principal Balance
Initial Notional/Certificate Balance		53.87	%		650,000,000.00			6.03	%		72,750,000.00			6.12	%		73,850,000.00			24,631,519.20
Percent of ANIV					52.79						5.91	%					6.00	%		2.00	%
Certificate Factor					1.0000000						1.0000000						1.0000000
Notional/Certificate Rate					6.3500	%					6.4500	%					6.7500	%
Target Maturity Date					September 25, 2000						March 26, 2001						September 25, 2001
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average Remaining Term
Servicing Fee Percentage
Pool Data Prior Month
Aggregate Net Investment Value
Maturity Advances Outstanding
ANIV Net of Maturity Advance **
Discounted Principal Balance
Notional/Certificate Balance					—						72,750,000.00						73,850,000.00			5,631,644.21
Adjusted Notional/Certificate Balance					—						72,750,000.00						73,850,000.00			5,631,644.21
Percent of ANIV					0.00						47.79	%					48.51	%		3.70	%
Certificate Factor					—						1.0000000						1.0000000
Servicer Advances
Servicer Pay Ahead Balance
Number of Current Contracts
Weighted Average Lease Rate
Weighted Average Remaining Term
Pool Data Current Month
Aggregate Net Investment Value
Maturity Advances Outstanding
ANIV Net of Maturity Advance **
Discounted Principal Balance
Notional/Certificate Balance					0.00						72,750,000.00						73,850,000.00			5,360,330.09
Adjusted Notional/Certificate Balance					0.00						72,750,000.00						73,850,000.00			5,360,330.09
Percent of ANIV					0.00						47.87	%					48.60	%		3.53	%
Certificate Factor					—						1.0000000						1.0000000
Servicer Advances
Servicer Pay Ahead Balance
Number of Current Contracts
Weighted Average Lease Rate
Weighted Average Remaining Term
Prior Certificate Interest Payment Date
Next Certificate Interest Payment Date

______________

	**		Strictly for purposes of calculating Transferors Interest.

Current Month Collection Activity

	Vehicles

Principal Collections			2,438,582.03
Prepayments in Full		229	3,664,107.05
Reallocation Payment		10	193,475.35
Interest Collections			1,285,627.71
Net Liquidation Proceeds and Recoveries			871,730.45
Net Liquidation Proceeds—Vehicle Sales			4,624,082.21
Non-Recoverable Advances			(77,224.85	)

Total Available			13,000,379.95

	Amount		Annual Amount

Capped and Uncapped Expenses:
Total Capped Expenses Paid		32,441.31		356,854.41
Total Uncapped Expenses Paid		—		—
Capped and Uncapped Expenses Due		—		—
Servicer's Fee Due:
Servicer's Fee Shortfall Carryforward		—
Servicer's Fee Due Current Period		166,299.76
Servicer's Fee Paid		166,299.76
Servicer's Fee Balance Due		—
Supplemental Servicer’s Fees		32,210.63

Revolving Period

	Vehicles		Amount

Beginning Unreinvested Principal Collections				—
Principal Collections & Liquidated Contracts				—
Allocation to Subsequent Contracts		0		—

Ending Underinvested Principal Collections				—

I hereby certify to the best of my knowledge that the report provided is true and correct.


/s/ ROBERT WOODIE

Robert Woodie, National Treasury Manager