<PAGE>
EXHIBIT 20
AMERICAN HONDA FINANCE CORPORATION
Servicer's Certificate - Honda Auto Lease Trust 1999-A
Distribution Date of June 15, 2000 for the Collection Period of
May 1, 2000 through May 31, 2000
<TABLE>
<CAPTION>
<S> <C>
POOL DATA - ORIGINAL DEAL PARAMETERS
Aggregate Net Investment Value (ANIV) 3,300,158,606.28
Servicer Advance -
Servicer Payahead 7,383,934.30
Number of Contracts 172,598
Weighted Average Lease Rate (Discounted) 9.05%
Weighted Average Lease Rate 6.29%
Weighted Average Remaining Term 30.48
Servicing Fee Percentage (annual) 1.00%
POOL DATE - CURRENT MONTH
Aggregate Net Investment Value 2,756,930,694.87
Number of Current Contracts 160,151
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Lease Rate 6.28%
Weighted Average Remaining Term 19.61
-------------------------------------------------------------------------------
RESERVE FUND:
Initial Deposit Amount 115,274,540.12
Specified Reserve Fund Percentage (if Tests i, ii and
iii are satisfied) 5.50%
Specified Reserve Fund Amount (if Tests i, ii and
iii are satisfied) 181,145,705.90
Specified Reserve Fund Percentage (if Tests i, ii or
iii are not satisfied) 6.50%
Specified Reserve Fund Amount (if Tests i, ii or
iii are not satisfied) 214,081,288.79
Beginning Balance 175,804,189.79
Net Investment Income Retained 1,018,428.29
Excess Reserve Amount Released -
Deposit Amount 5,287,374.43
Withdrawal Amount -
Ending Balance 182,109,992.51
Specified Reserve Fund Balance 181,145,705.90
Net Investment Income 1,018,428.29
Cumulative Withdrawal Amount -
--------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------
CREDIT LOSSES: VEHICLE
COUNT AMOUNT
--------- ------
<S> <C> <C>
Contracts Charged-off During the Collection Period 212
Discounted Principal Balance 3,625,522.37
Net Liquidation Proceeds for the Collection Period (3,074,079.23)
Recoveries - Previously Charged-off Contracts 159,668.19
Aggregate Credit Losses for the Collection Period 391,774.95
Repossessions for the Collection Period 100
Cumulative Credit Losses for all Periods 4,300,198.81
RATIO OF NET CREDIT LOSSES TO THE AVERAGE ANIV BALANCE
FOR EACH COLLECTION PERIOD:
Second Preceding Collection Period 0.16%
First Preceding Collection Period 0.26%
Current Collection Period 0.17%
--------------------------------------------------------------------------------
TEST (i)/(CHARGE-OFF RATE TEST)
Three Month Average 0.20%
Charge-off Rate Test
(Test satisfied if LESS THAN OR EQUAL TO 1.5%) Test Satisfied
--------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------
DISCOUNTED
PERCENT ACCOUNTS PERCENT PRINCIPAL BALANCE
DELINQUENT CONTRACTS: ------- -------- ------- -----------------
<S> <C> <C> <C> <C>
31-60 Days Delinquent 0.83% 1,336 0.83% 22,784,866.09
61-90 Days Delinquent 0.11% 174 0.11% 2,950,765.68
Over 90 Days Delinquent 0.07% 114 0.07% 2,043,234.34
Total Delinquencies 1,624 27,778,866.11
<CAPTION>
RATIO OF NUMBER OF CONTRACTS DELINQUENT MORE
THAN 60 DAYS TO THE OUTSTANDING NUMBER OF
RECEIVABLES AS OF EACH COLLECTION PERIOD
(INCLUDES REPOSSESSIONS):
<S> <C>
Second Preceding Collection Period 0.18%
First Preceding Collection Period 0.20%
Current Collection Period 0.18%
-------------------------------------------------------------------------------
TEST (ii) (DELINQUENCY RATE TEST)
Three Month Average 0.19%
Delinquency Rate Test
(Test satisfied if LESS THAN OR EQUAL TO 1.5%) Test Satisfied
-------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------
RESIDUAL VALUE (GAIN) LOSS VEHICLES
--------
<S> <C> <C>
Matured Lease Vehicle Inventory Sold 69 1,143,487.47
Net Liquidation Proceeds (1,117,846.36)
Net Residual Value (Gain) Loss 25,641.11
Cumulative Residual Value (Gain) Loss
all periods 78,878.09
<CAPTION>
AVERAGE AVERAGE
NUMBER SCHEDULED SALE NET LIQUIDATION RESIDUAL
SOLD MATURITIES RATIO PROCEEDS VALUE
------ ---------- ----- --------------- --------
<S> <C> <C> <C> <C> <C>
MATURED VEHICLES SOLD FOR
EACH COLLECTION PERIOD:
Second Preceding
Collection Period 38 43 88.37% 17,238.83 17,601.28
First Preceding
Collection Period 50 65 76.92% 17,438.66 17,635.80
Current Collection Period 69 119 57.98% 16,200.67 16,572.28
Three Month Average 16,959.39 17,269.79
-----------
Ratio of Three Month Average Net
Liquidation Proceeds to
Average Residual Value 98.20%
<CAPTION>
---------------------------------------------------------------------------------------
CURRENT PERIOD
TEST (iii)(RESIDUAL VALUE TEST) AMOUNT/RATIO TEST MET?
------------------------------- --------------- ----------
<S> <C> <C>
a) Number of Vehicles Sold > 45% of Scheduled
Maturities and GREATER THAN OR EQUAL TO 500
Scheduled Maturities 57.98% Yes
b) 3 Month Average Matured Leased Vehicle Proceeds < 75%
of Average Residual Values 98.20% Yes
Residual Value Test (Test satisfied if tests a and b = Yes) Test Satisfied
---------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------
SERVICER'S FEE DUE: AMOUNT
-------------
<S> <C>
Prior Cumulative Servicer's Fee Shortfall -
Servicer's Fee Due This Collection Period 2,339,011.34
Servicer's Fee Paid 2,339,011.34
Current Cumulative Servicer's Fee Shortfall -
-----------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------
ADVANCES AND PAYAHEADS: AMOUNT
------------
<S> <C>
ADVANCES
Prior Outstanding Servicer Advances 1,085,993.39
Net Advance/(Recovery) This Period 188,339.76
Nonrecoverable Prior Advances (186,680.20)
Current Outstanding Servicer Advances 1,087,652.95
PAYAHEAD ACCOUNT
Prior Outstanding Payahead Balance 6,699,450.16
Net Allocation/(Collections) of Advanced Payments
This Period (594,040.20)
Current Outstanding Payahead Balance 7,293,490.36
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Securities Class A1 Class A2
Total Balance (99.8%) Balance Balance
------------- --------------- ------------- -------------
<S> <C> <C> <C> <C>
COLLECTIONS:
INTEREST
Scheduled Interest Collections 21,064,236.81 21,022,108.34
Interest Related To Prepayments in Full 339,706.18 339,026.77
Interest Related To Full Term and Over Term Payoffs 2,179.94 2,175.58
Interest Related To Reallocation Payments 3,264.17 3,257.64
Excess Liquidation Proceeds - -
Recoveries 159,668.19 159,348.85
Available Interest 21,569,055.29 21,525,917.18
PRINCIPAL
Scheduled Principal Collections 29,165,481.74 29,107,150.78
Prepayments in Full 13,114,480.64 13,088,251.68
Full Term and Over Term Payoffs 2,526,931.51 2,521,877.65
Reallocation Payment 307,006.35 306,392.34
Net Liquidation Proceeds 4,191,925.59 4,183,541.74
Available Principal 49,305,825.83 49,207,214.18
WITHDRAWAL FROM RESERVE FUND -
TOTAL OF SOURCES FOR DISTRIBUTION 70,874,881.12
DISTRIBUTIONS:
INTEREST
Transferor Interest 38,460,09
Capped Trustee Fees - -
Class A Interest 13,158,959.44 13,158,959.44 - 1,278,501.10
Class A Interest Carryover Shortfalls - - - -
Class B Interest 365,750.00 365,750.00
Class B Interest Carryover Shortfalls - -
Class C Interest 379,500.00 379,500.00
Class C Interest Carryover Shortfalls - -
Capped Contingent and Excess Liability Premiums - -
Capped Origination Trust Administrative Expenses - -
Other Capped Trustee Fees - -
Servicer's Fee 2,339,011.34 2,334,333.31
Unpaid Servicer's Fees Related to Prior Collection Periods - -
Reserve Fund Deposit 5,287,374.43 5,287,374.43
Certificate Interest - -
Certificate Interest Carryover Shortfall - -
Class A Covered Loss Amount - - - -
Class A Note Principal Loss Amount/Class A Note Principal
Carryover Shortfall - - - -
Class B Covered and Uncovered Loss Amount - -
Class C Covered and Uncovered Loss Amount - -
Class B Note Principal Loss Carryover Shortfall - -
Class C Note Principal Loss Carryover Shortfall - -
Class B Note Interest on Principal Loss Carryover Shortfall - -
Class C Note Interest on Principal Loss Carryover Shortfall - -
Certificate Principal Loss Amount/Certificate Principal Carryover
Shortfall - -
Uncapped Administrative Expenses (paid to the Trustees) - -
Excess Interest to Transferor -
TOTAL DISTRIBUTIONS OF INTEREST 21,569,055.29 21,525,917.18 - 1,278,501.10
PRINCIPAL
Transferor Principal 98,611.65
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 49,207,214.18 49,207,214.18 - 49,207,214.18
Principal Distribution to A-5, B and C Notes - -
Principal Distribution to Certificates - -
TOTAL DISTRIBUTIONS OF PRINCIPAL 49,305,825.83 49,207,214.18 - 49,207,214.18
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance 11,965,682.86 - -
Current Period Increase (Decrease) 1,273,226.74 - -
Ending Balance 13,238,909.60 - -
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance 5,189,017.34 5,178,639.31 - -
Current Period Increase (Decrease) 617,469.31 616,234.38 - -
Ending Balance 5,806,486.66 5,794,873.69 - -
<CAPTION>
Class A3 Class A4 Class A5 Class B
Balance Balance Balance Balance
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
COLLECTIONS:
INTEREST
Scheduled Interest Collections
Interest Related To Prepayments in Full
Interest Related To Full Term and Over Term Payoffs
Interest Related To Reallocation Payments
Excess Liquidation Proceeds
Recoveries
Available Interest
PRINCIPAL
Scheduled Principal Collections
Prepayments in Full
Full Term and Over Term Payoffs
Reallocation Payment
Net Liquidation Proceeds
Available Principal
WITHDRAWAL FROM RESERVE FUND
TOTAL OF SOURCES FOR DISTRIBUTION
DISTRIBUTIONS:
INTEREST
Transferor Interest
Capped Trustee Fees
Class A Interest 2,033,333.33 5,375,000.00 4,472.125.00
Class A Interest Carryover Shortfalls - - -
Class B Interest 365,750.00
Class B Interest Carryover Shortfalls -
Class C Interest
Class C Interest Carryover Shortfalls
Capped Contingent and Excess Liability Premiums
Capped Origination Trust Administrative Expenses
Other Capped Trustee Fees
Servicer's Fee
Unpaid Servicer's Fees Related to Prior Collection Periods
Reserve Fund Deposit
Certificate Interest
Certificate Interest Carryover Shortfall
Class A Covered Loss Amount - - -
Class A Note Principal Loss Amount/Class A Note Principal
Carryover Shortfall - - -
Class B Covered and Uncovered Loss Amount -
Class C Covered and Uncovered Loss Amount
Class B Note Principal Loss Carryover Shortfall -
Class C Note Principal Loss Carryover Shortfall
Class B Note Interest on Principal Loss Carryover Shortfall -
Class C Note Interest on Principal Loss Carryover Shortfall
Certificate Principal Loss Amount/Certificate Principal Carryover
Shortfall
Uncapped Administrative Expenses (paid to the Trustees)
Excess Interest to Transferor
TOTAL DISTRIBUTIONS OF INTEREST 2,033,333.33 5,375,000.00 4,472.125.00 365,750.00
PRINCIPAL
Transferor Principal
Principal Distribution to A-1, A-2, A-3 and A-4 Notes - -
Principal Distribution to A-5, B and C Notes - -
Principal Distribution to Certificates
TOTAL DISTRIBUTIONS OF PRINCIPAL - - - -
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance - - - -
Current Period Increase (Decrease) - - - -
Ending Balance - - - -
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance - - - -
Current Period Increase (Decrease) - - - -
Ending Balance - - - -
<CAPTION>
Class C Certificate Transferor Interest
Balance Balance Balance
------------- ------------- -------------------
<S> <C> <C> <C>
COLLECTIONS:
INTEREST
Scheduled Interest Collections 42,128.47
Interest Related To Prepayments in Full 679.41
Interest Related To Full Term and Over Term Payoffs 4.36
Interest Related To Reallocation Payments 6.53
Excess Liquidation Proceeds -
Recoveries 319.34
Available Interest 43,138.11
PRINCIPAL
Scheduled Principal Collections 58,330.96
Prepayments in Full 26,228.96
Full Term and Over Term Payoffs 5,053.86
Reallocation Payment 614.01
Net Liquidation Proceeds 8,383.85
Available Principal 98,611.65
WITHDRAWAL FROM RESERVE FUND
TOTAL OF SOURCES FOR DISTRIBUTION
DISTRIBUTIONS:
INTEREST
Transferor Interest 38,460.09
Capped Trustee Fees
Class A Interest
Class A Interest Carryover Shortfalls
Class B Interest
Class B Interest Carryover Shortfalls
Class C Interest 379,500.00
Class C Interest Carryover Shortfalls -
Capped Contingent and Excess Liability Premiums
Capped Origination Trust Administrative Expenses
Other Capped Trustee Fees
Servicer's Fee 4,678.02
Unpaid Servicer's Fees Related to Prior Collection Periods -
Reserve Fund Deposit
Certificate Interest -
Certificate Interest Carryover Shortfall -
Class A Covered Loss Amount
Class A Note Principal Loss Amount/Class A Note Principal
Carryover Shortfall
Class B Covered and Uncovered Loss Amount
Class C Covered and Uncovered Loss Amount -
Class B Note Principal Loss Carryover Shortfall
Class C Note Principal Loss Carryover Shortfall -
Class B Note Interest on Principal Loss Carryover Shortfall
Class C Note Interest on Principal Loss Carryover Shortfall -
Certificate Principal Loss Amount/Certificate Principal Carryover
Shortfall -
Uncapped Administrative Expenses (paid to the Trustees)
Excess Interest to Transferor -
TOTAL DISTRIBUTIONS OF INTEREST 379,500.00 - 43,138.11
PRINCIPAL
Transferor Principal 98,611.65
Principal Distribution to A-1, A-2, A-3 and A-4 Notes
Principal Distribution to A-5, B and C Notes -
Principal Distribution to Certificates -
TOTAL DISTRIBUTIONS OF PRINCIPAL - - 98,611.65
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance - 11,965,682.86
Current Period Increase (Decrease) - 1,273,226.74
Ending Balance - 13,238,909.60
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance - 5,178,639.31 10,378.03
Current Period Increase (Decrease) - 616,234.38 1,234.94
Ending Balance - 5,794,873.69 11,612.97
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Securities Class A1 Class A2
Total Balance (99.8%) Balance Balance
---------------- ---------------- -------------- --------------
<S> <C> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 21,569,055,29 21,525,917.18 - 1,278,501.10
Principal Distributions 49,305,825.83 49,207,214.18 - 49,207,214.18
Total Distributions 70,874,881.12 70,733,131.36 - 50,485,715.28
ORIGINAL DEAL PARAMETER
-----------------------
Aggregate Net Investment Value (ANIV) 3,300,158,606.28
Initial Note/Certificate Balance 3,293,558,289.00 380,000,000.00 360,000,000.00
Percent of ANIV 99.80% 11.51% 10.91%
Class Allocation Percentage 12.89% 12.22%
Note/Certificate Factor 1.00 1.00
Note/Certificate Rate 5.445% 5.875%
Servicer Advance -
Servicer Payahead 7,383,934.30
Number of Contracts 172,598
Weighted Average Lease Rate 6.29%
Weighted Average Lease Rate (Discounted) 9.05%
Weighted Average Remaining Term 30.48
Servicing Fee Percentage 1.00%
POOL DATA PRIOR MONTH
---------------------
Aggregate Net Investment Value (ANIV) 2,806,813,604.95
Note/Certificate Balance 2,801,181,813.37 - 252,716,759.08
Percent of ANIV 99.80% 0.00% 9.00%
Class Allocation Percentage 0.00% 10.27%
Note/Certificate Factor 0.00 0.70
Servicer Advance 1,085,993.39
Servicer Payahead 6,699,450.16
Number of Contracts 161,388
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 20.57
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 30 30
POOL DATA CURRENT MONTH
-----------------------
Aggregate Net Investment Value (ANIV) 2,756,930,694.87
Note/Certificate Balance 2,751,388,141.99 - 203,509,544.90
Percent of ANIV 99.80% 0.00% 7.38%
Class Allocation Percentage 0.00% 8.44%
Note/Certificate Factor 0.00 0.57
Servicer Advance 1,087,652.95
Servicer Payahead 7,293,490.36
Number of Contracts 160,151
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 19.61
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31
<CAPTION>
Class A3 Class A4 Class A5 Class B
Balance Balance Balance Balance
-------------- ---------------- -------------- -------------
<S> <C> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 2,033,333.33 5,375,000.00 4,472,125.00 365,750.00
Principal Distributions - - - -
Total Distributions 2,033,333.33 5,375,000.00 4,472,125.00 365,750.00
ORIGINAL DEAL PARAMETER
-----------------------
Aggregate Net Investment Value (ANIV)
Initial Note/Certificate Balance 400,000,000.00 1,000,000,000.00 807,000,000.00 66,000,000.00
Percent of ANIV 12.12% 30.30% 24.45% 2.00%
Class Allocation Percentage 13.57% 33.93% 27.38% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00
Note/Certificate Rate 6.100% 6.450% 6.650% 6.650%
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
POOL DATA PRIOR MONTH
---------------------
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 400,000,000.00 1,000,000,000.00 807,000,000.00 66,000,000.00
Percent of ANIV 14.25% 35.63% 28.75% 2.35%
Class Allocation Percentage 16.26% 40.66% 32.81% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
Number of Days in the Accrual Period 30 30 30 30
POOL DATA CURRENT MONTH
-----------------------
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 400,000,000.00 1,000,000,000.00 807,000,000.00 66,000,000.00
Percent of ANIV 14.51% 36.27% 29.27% 2.39%
Class Allocation Percentage 16.59% 41.49% 33.48% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
Number of Days in the Accrual Period 30 30 30 30
<CAPTION>
Class C Certificate Transferor Interest
Balance Balance Balance
------------- -------------- -------------------
<S> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 379,500.00 - 43,138.11
Principal Distributions - - 98,611.65
Total Distributions 379,500.00 - 141,749.76
ORIGINAL DEAL PARAMETER
-----------------------
Aggregate Net Investment Value (ANIV)
Initial Note/Certificate Balance 66,000,000.00 214,558,289.00 6,600,317.28
Percent of ANIV 2.00% 6.50% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 1.00
Note/Certificate Rate 6.900% 6.900%
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
POOL DATA PRIOR MONTH
---------------------
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 66,000,000.00 209,465,054.29 5,631,791.58
Percent of ANIV 2.35% 7.46% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 0.98
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
Number of Days in the Accrual Period 30 30
POOL DATA CURRENT MONTH
-----------------------
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 66,000,000.00 208,878,597.09 5,542,552.88
Percent of ANIV 2.39% 7.58% 0.20%
Class Allocation Percentage 100.00% 100.00%
Note/Certificate Factor 1.00 0.97
Servicer Advance
Servicer Payahead
Number of Contracts
Weighted Average Lease Rate
Weighted Average Lease Rate (Discounted)
Weighted Average Remaining Term
Servicing Fee Percentage
Number of Days in the Accrual Period 30 30
</TABLE>
I hereby certify to the best of my knowledge that
the report provided is true and correct.
/s/ John Weisickle
--------------------------------------
John Weisickle, Vice President Finance
