<PAGE>
Heller Equipment Asset Receivables Trust 1997-1
--------------------------------------------------------------------------------
Heller Financial Inc.
Monthly Report - Restricting Events
10/25/2000
Restricting Events
------------------
A) Average Cumulative Net Loss Ratio
<TABLE>
<S> <C>
(a)The Average Cumulative Net Loss Ratio exceeds 1.0% (yes / no) no
</TABLE>
<TABLE>
<CAPTION>
Initial ADCB 273,826,503.00
ADCB of
ADCB of Cumulative Cumulative
Cumulative Cumulative Defaulted Contracts Net Loss
Defaulted Contracts Recoveries net of Recoveries Ratio
------------------- ---------- ----------------- -----
<S> <C> <C> <C> <C>
2 months prior 6,162,205.49 4,626,314.58 1,535,890.91 0.56%
1 month prior 6,162,205.49 4,647,049.39 1,515,156.10 0.55%
Current 6,162,205.49 4,647,049.39 1,515,156.10 0.55%
------------ ------------ ---------------- ---------
Average 6,162,205.49 4,640,137.79 1,522,067.70 0.56%
Annualized maximum Cumulative Net Loss Ratio 1.00%
Average Cumulative Net Loss Ratio 0.556%
</TABLE>
Cumulative Net Loss Ratio means, for any date of determination, the
fraction (expressed as a percentage) determined by dividing (i) the
ADCB of all Contracts in the Trust which have become Defaulted
Contracts since the Initial Cutoff Date, net of aggregate Recoveries
received by the Trust during such same period, by (ii) the ADCB of all
Contracts in the Contract Pool as of the Initial Cutoff Date.
<TABLE>
<S> <C>
B) A Servicer Event has occurred and is continuing (yes/no) no
C) An Event of Default has occurred and is continuing (yes/no) no
(a)failure to pay on each Distribution Date the full amount of interest on any Note (yes / no) no
(b)failure to pay the then outstanding principal amount of any Note, if any, on its no
related Maturity Date (yes/no)
Based on A, B and C, a Restricting Event has occurred and is continuing (yes/no) no
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1997-1
--------------------------------------------------------------------------------
Heller Financial Inc.
Monthly Report - Limitations
10/25/2000
<TABLE>
<CAPTION>
Obligor Event Trigger Determination
-----------------------------------
<S> <C>
The current period is less than 16 months after the Closing Date (January 4, 1999) (yes / N/A) N/A
If the current period is less than 16 months after the closing date, one of the top five
Obligors, as of the Cut-Off Date, is a Defaulted Contract in this period (yes / no / N/A) N/A
The Obligor Event has been cured (yes, if any of the following is yes / no, if each of the
following is a no / n/a if not applicable) N/A
a) the Defaulted Contract has been replaced with an eligible Substitute Contract N/A
b) a Recovery has been received with respect to the Defaulted Contract and no further
Recover are expected N/A
c) a Successor Servicer has been appointed N/A
An Obligor Event has occurred and is continuing N/A
10% Substitution Limit Calculation
----------------------------------
ADCB as of the Cut-off Date: 273,826,503
Cumulative DCB of Substitute Contracts replacing Defaulted Contracts and Adjusted Contracts 0
Percentage of Substitute Contracts replacing Defaulted Contracts and Adjusted Contracts 0.00%
Percentage of Substitute Contracts replacing Defaulted Contracts and Adjusted Contracts
exceeds 10% (yes/no) no
5% Skipped Payment Limit Calculation
------------------------------------
The percent of contracts with Skipped Payment modifications 0.25%
The DCB exceeds 5% of the initial ADCB (yes/no) no
Any Skipped Payments have been deferred later than 12 months prior to the
Class B Maturity Date no
Concentration Amounts (only applicable at the Cutoff Date or in the event of a substitution)
--------------------------------------------------------------------------------------------
(i) The ADCB of all End-User Contracts with Obligors that are governmental entities or 0.00%
municipalities exceeds 1.13% of the ADCB of the Contract Pool no
(ii) The ADCB of all End-User Contracts which finance, lease or are related to Software 0.00%
exceeds 3.88% of the ADCB of the Contract Pool no
(iii) The ADCB of all End-User Contracts with Obligors who comprise the three largest 2.12%
Obligors (measured by ADCB as of the date of determination) exceeds 5.09% of the
ADCB of the Contract Pool no
(iv) The ADCB of all End-User Contracts with Obligors who comprise the 20 largest 8.45%
Obligors (measured by ADCB as of the date of determination) exceeds 24.79% of the
ADCB of the Contract Pool no
(v) The ADCB of the End-User Contracts related to a single Vendor, or representing a 7.63%
Vendor Loan of such Vendor or affiliate thereof exceeds 23.01% of the ADCB of the
Contract Pool no
(vi) The ADCB of all End-User Contracts with Obligors thereof located in a single State 3.22%
of the United States exceeds 17.73% of the ADCB of the Contract Pool no
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Heller Equipment Asset Receivables Trust 1997-1
====================================================================================================================================
Heller Financial Inc.
Monthly Report - Accounts
10/25/2000
Collection Reserve
Account Fund
------- ----
<S> <C> <C>
Beginning Account Balance 0.00 2,738,265.00
Investment Earnings 9,231.31 13,692.19
Collection Account
------------------
Scheduled Payments, net of Excluded Amounts and less Servicer Advances plus Payaheads 1,630,110.72
Add: Prepayment Amounts 927,766.37
Add: Recoveries 0.00
Add: Investment Earnings 22,923.50 (13,692.19)
Add: Late Charges 1,469.74
Add: Expired Lease Proceeds 0.00
Add: Servicer Advances 373,644.92
Available Amounts 2,955,915.25 2,738,265.00
-----------------
Payments on Payment Date
------------------------
(A) ** Indenture Trustee Fees (will be first in funds
allocation during a Restricting Event or Event of Default) 0.00
(A) Unreimbursed Servicer Advances 0.00
(B) Monthly Servicing Fee, due and accrued, including any amounts unpaid 14,631.52
(C) Class A-1 Notes interest, due and accrued, including any amounts unpaid 0.00
(D) Class A-2 Notes interest, due and accrued, including any amounts unpaid 169,991.78
(E) Class B Notes interest, due and accrued, including any amounts unpaid 7,410.77
(F) Class C Notes interest, due and accrued, including any amounts unpaid 5,077.33
(G) Class D Notes interest, due and accrued, including any amounts unpaid 7,080.24
(H) The Class A-1 Principal Payment Amount 0.00
(I) The Class A-2 Principal Payment Amount 2,478,626.33
(J) The Class B Principal Payment Amount 106,226.84
(K) The Class C Principal Payment Amount 70,817.90
(L) The Class D Principal Payment Amount 96,052.54
(M) Amounts required to meet the Reserve Fund Amount 0.00 0.00
(B)* Monthly Servicing Fee, due and accrued, including any amounts 0.00
unpaid (applicable only if an Obligor Event has occurred and
is continuing)
Any excess to Certificateholders 0.00
Distributions to Noteholders and Certificateholders 2,955,915.25
Ending balance of accounts 0.00 2,738,265.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Heller Equipment Asset Receivables Trust 1997-1
====================================================================================================================================
<S> <C>
Heller Financial Inc.
Monthly Report - Schedules
10/25/2000
A Restricting Event has occurred and is continuing (yes\no) no
Trustee Fees (only in the event of a Restricting Event or an Event of Default) 0.00
Unreimbursed Servicer Advances
------------------------------
(i) Current month Unreimbursed Servicer Advances 0.00
(ii) Prior unpaid Unreimbursed Servicer Advances (or arrearage) 0.00
(iii) Total Unreimbursed Servicer Advances due ( (i) + (ii) ) 0.00
(iv) Unreimbursed Servicer Advances distributed 0.00
Unpaid Unreimbursed Servicer Advances (or arrearage) 0.00
Servicing Fee Schedule
----------------------
(i) Servicing Fee Percentage 0.50%
(ii) ADCB of Contract Pool as of the 1st day of the Collection Period 35,115,672.05
(iii) Servicing Fee ( ( (i) / 12 ) x (ii) ) 14,631.53
(iv) Servicing Fee accrued but not paid in prior periods 0.00
(v) Total Servicing Fee due, and accrued but not paid in prior periods ((iii)+(iv)) 14,631.53
(vi) Monthly Servicing Fee distributed 14,631.53
Servicing Fee accrued but not paid 0.00
Class A-1 Interest Schedule
---------------------------
Opening Class A-1 principal balance 0.00
(i) Class A-1 Interest Rate 5.73250%
(ii) Number of days in Accrual Period 0
Monthly Class A-1 Interest Rate ( (i) x ( (ii)/360) ) 0.00%
Current Class A-1 interest due 0.00
Prior Class A-1 interest arrearage 0.00
Current Period Interest Shortfall 0.00
Class A-1 interest distribution 0.00
Class A-2 Interest Schedule
---------------------------
Opening Class A-2 principal balance 31,923,338.26
Class A-2 Interest Rate 6.3900%
Class A-2 Interest Rate x 30/360 0.5325%
Current Class A-2 interest due 169,991.78
Prior Class A-2 interest arrearage 0.00
Current Period Interest Shortfall 0.00
Class A-2 interest distribution 169,991.78
Class B Interest Schedule
-------------------------
Opening Class B principal balance 1,368,143.05
Class B Interest Rate 6.5000%
Class B Interest Rate x 30/360 0.5417%
Current Class B interest due 7,410.77
Prior Class B interest arrearage 0.00
Current Period Interest Shortfall 0.00
Class B interest distribution 7,410.77
</TABLE>
<PAGE>
<TABLE>
<S> <C>
C Interest Schedule
-------------------------
Opening Class C principal balance 912,095.37
Class C Interest Rate 6.6800%
Class C Interest Rate x 30/360 0.5567%
Current Class C interest due 5,077.33
Prior Class C interest arrearage 0.00
Current Period Interest Shortfall 0.00
Class C interest distribution 5,077.33
Class D Interest Schedule
-------------------------
Opening Class D principal balance 1,113,536.87
Class D Interest Rate 7.6300%
Class D Interest Rate x 30/360 0.6358%
Current Class D interest due 7,080.24
Prior Class D interest arrearage 0.00
Current Period Interest Shortfall 0.00
Class D interest distribution 7,080.24
Class A-1 Principal Schedule
----------------------------
Class A-1 Maturity Date 9/25/1998
(i) Opening Class A-1 principal balance 0.00
(ii) ADCB as of last day of second preceding Collection Period 35,115,672.05
(iii) ADCB as of last day of immediately preceding Collection Period 32,389,183.09
Expected Class A-1 Payment ( (ii) - (iii) ) 2,726,488.96
(iv) Aggregate Expected Class A-1 Payments not paid on preceding Distribution Date 0.00
Class A-1 Principal Payment Amount (lesser of (i) or ( (ii) - (iii) ) + (iv) ) 0.00
Class A-1 Principal Payment Amount distribution 0.00
Shortfall 0.00
Class A-1 Principal Balance after current distribution 0.00
Class A-2 Principal Schedule
----------------------------
(i) Opening Class A-2 principal balance 31,923,338.26
(ii) Applicable Class A-2 Percentage 90.91%
(iii) ADCB as of the last day of the immediately preceding Collection Period 32,389,183.09
(iv) Current month targeted Class A-2 principal balance ( (ii) * (iii) ) 29,444,711.93
(v) (i) - (iv) (zero until Class A-1 has been retired) 2,478,626.33
(vi) Class A-2 Principal Payment Amount (lesser of (i) or (v) ) 2,478,626.33
Class A-2 Principal Payment Amount distributed 2,478,626.33
Shortfall -
Class A-2 principal balance after current distribution 29,444,711.93
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Class B Principal Schedule
--------------------------
(i) Opening Class B principal balance 1,368,143.05
(ii) Applicable Class B Percentage 3.90%
(iii) ADCB as of the last day of the immediately preceding Collection Period 32,389,183.09
(iv) Current month targeted Class B principal balance ( (ii) * (iii) ) 1,261,916.21
(v) (i) - (iv) (zero until Class A-1 has been retired) 106,226.84
(vi) Class B Principal Payment Amount (lesser of (i) or (v) ) 106,226.84
Class B Principal Payment Amount distributed 106,226.84
Shortfall -
Class B principal balance after current distribution 1,261,916.21
Class C Principal Schedule
--------------------------
(i) Opening Class C principal balance 912,095.37
(ii) Applicable Class C Percentage 2.60%
(iii) ADCB as of the last day of the immediately preceding Collection Period 32,389,183.09
(iv) Current month targeted Class C principal balance ( (ii) * (iii) ) 841,277.47
(v) (i) - (iv) (zero until Class A-1 has been retired) 70,817.90
(vi) Class C Principal Payment Amount (lesser of (i) or (v) ) 70,817.90
Class C Principal Payment Amount distributed 70,817.90
Shortfall -
Class C principal balance after current distribution 841,277.47
Class D Principal Schedule
--------------------------
(i) Opening Class D principal balance 1,113,536.87
(ii) Applicable Class D Percentage 2.60%
(iii) ADCB as of the last day of the immediately preceding Collection Period 32,389,183.09
(iv) Current month targeted Class D principal balance ( (ii) * (iii) ) 841,277.47
(v) (i) - (iv) (zero until Class A-1 has been retired) 272,259.40
(vi) Class D Principal Payment Amount (lesser of (i) or (v) ) 272,259.40
Class D Principal Payment Amount distributed 96,052.54
Shortfall 176,206.86
Class D principal balance after current distribution 1,017,484.33
Reserve Fund Schedule
---------------------
Prior month Reserve Fund balance 2,738,265.00
Initial ADCB 273,826,503.00
Required Reserve Fund Amount (lesser of (i) initial ADCB * 1.00% or 2,738,265.00
(ii) outstanding principal of the Notes)
Current period draw on Reserve Fund 0.00
Required deposit to Reserve Fund 0.00
Actual deposit to Reserve Fund 0.00
Interest Earned on Reserve Account 13,692.19
Deposit to Certificateholder 0.00
Ending Reserve Fund balance 2,738,265.00
Ending Reserve Fund balance as a percentage of ADCB 8.45%
Servicing Fee Schedule
----------------------
Servicing Fee during an Obligor Event 0.00
Servicing Fee paid 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Heller Equipment Asset Receivables Trust 1997-1
------------------------------------------------------------------------------------------------------------------------
Heller Financial Inc.
Monthly Report - Note Factors
10/25/00
<S> <C>
CUSIP # 423327AA3
Class A-1
---------
Class A-1 principal balance 0.00
Initial Class A-1 principal balance 62,980,096.00
Note factor 0.000000000
CUSIP # 42337AB1
Class A-2
---------
Class A-2 principal balance 29,444,711.93
Initial Class A-2 principal balance 191,678,552.00
Note factor 0.153615058
CUSIP # 423327AC9
Class B
-------
Class B principal balance 1,261,916.21
Initial Class B principal balance 8,214,795.00
Note factor 0.153615058
CUSIP # 423327AD7
Class C
-------
Class C principal balance 841,277.47
Initial Class C principal balance 5,476,530.00
Note factor 0.153615057
Class D
-------
Class D principal balance 1,017,484.33
Initial Class D principal balance 5,476,530.00
Note factor 0.185789967
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Heller Equipment Asset Receivables Trust 1997-1
---------------------------------------------------------------------------------------------------------
Heller Financial Inc.
Monthly Report - Note Factors
10/25/00
<S> <C>
ADCB as of the last day of the Collection Period 32,389,183.09
Loss and Delinquency Data for Period
------------------------------------
DCB of Defaulted Contracts as of the last day of the Collection Period 0.00
Number of Defaulted Contracts as of the last day of the Collection Period 0
Defaulted Contracts as a percentage of ADCB (annualized) 0.00%
DCB of Adjusted Contracts as of the last day of the Collection Period 0.00
Number of Adjusted Contracts as of the last day of the Collection Period 0
DCB of Prepaid Contracts as of the last day of the Collection Period 863,166.86
Number of Prepaid Contracts as of the last day of the Collection Period 2
DCB of Substitute Contracts as of the last day of the Collection Period 0.00
Number of Substitute Contracts as of the last day of the Collection Period 0
DCB of Warranty Contracts as of the last day of the Collection Period 0.00
Number of Warranty Contracts as of the last day of the Collection Period 0
DCB of repurchased Contracts as of the last day of the Collection Period 0.00
Number of repurchased Contracts as of the Collection Period 0
DCB of Excess Contracts as of the last day of the Collection Period 0.00
Number of Excess Contracts as of the Collection Period 0
Recoveries collected relating to Defaulted Contracts as of the last day of the
Collection Period 0.00
Dollars Percent
------- -------
Current 30,293,577.93 93.02%
31-60 days past due 937,658.55 2.88%
61-90 days past due 766,401.22 2.35%
Over 90 days past due 570,833.05 1.75%
------------ --------------
Total 32,568,470.75 100.00%
31+ days past due 2,274,892.82 6.98%
(i) DCB of cumulative Defaulted Contracts (cumulative gross losses to date) 6,162,205.49
(ii) Cumulative Recoveries realized on Defaulted Contracts 4,647,049.39
Cumulative net losses to date ( (i) - (ii) ) 1,515,156.10
--------------------------------------------------------------------------
Static Information
Initial ADCB 273,826,503.00
Discount Rate 6.9239%
Class A-1 Initial Principal Amount 62,980,096.00
Class A-1 Interest Rate 5.7325%
Class A-2 Initial Principal Amount 191,678,552.00
Class A-2 Interest Rate 6.3900%
Class B Initial Principal Amount 8,214,795.00
Class B Interest Rate 6.5000%
Class C Initial Principal Amount 5,476,530.00
Class C Interest Rate 6.6800%
Class D Initial Principal Amount 5,476,530.00
Class D Interest Rate 7.6300%
Reserve Fund Initial Deposit 2,738,265.00
Class A-1 Maturity Date 09/25/98
Classes A-2, B, C, & D Maturity Date 05/25/05
Closing Date 09/04/97
--------------------------------------------------------------------------
</TABLE>
