<PAGE>
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 of earliest event reported):
January 15, 2000
HONDA AUTO LEASE TRUST 1999-A
(Exact name of registrant specified in its charter)
DELAWARE 333-72303 33-0846301
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation of
organization)
HONDA TITLING C L.P.
HONDA TITLING D L.P.
700 VAN NESS AVENUE
TORRANCE, CA 90501
- ------------------------------------------------- -------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 781-6146
6148
<PAGE>
Item 5. Other Events
On January 15, 2000, the Principal and Interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
1999-A Securitization Trust Agreement dated as of July 1, 1999 (the
"Agreement"), between Honda Titling C L.P. and Honda Titling D L.P., as
Transferors, and U.S. Bank National Association, as Owner Trustee, Wilmington
Trust Company, as Delaware Owner Trustee, and Bank of New York, as Indenture
Trustee, (together the "Trustees") were distributed to holders of Notes
("Noteholders") and certificates ("Certificateholders") representing special
units of beneficial interest ("SUBI'S") in the Honda Auto Lease Trust 1999-A
Auto Lease Asset-Backed Notes and Certificates. In accordance with the
Agreement, the Servicer's Certificate, as defined in the Agreement, was
furnished to the Indenture Trustees for distribution to the Noteholders and
Certificateholders, and as such, was distributed by the Indenture Trustees to
the Noteholders and Certificateholders. A copy of the Servicer's Certificate
is being filed as Exhibit 20 to this Current Report on Form 8-k.
Item 7 (c). Exhibits 20
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.
Honda Auto Lease Trust 1999-A
By: American Honda Finance Corporation, as Servicer
By:
/s/ John I. Weisickle
John I. Weisickle, Vice President, Finance
<PAGE>
AMERICAN HONDA FINANCE CORPORATION
Servicer's Certificate - Honda Auto Lease Trust 1999-A
Distribution Date of February 15, 2000 for the Collection Period of
January 1, 2000 through January 31, 2000
<TABLE>
<CAPTION>
POOL DATA - ORIGINAL DEAL PARAMETERS
- ------------------------------------
<S> <C> <C>
Aggregate Net Investment Value (ANIV) 3,300,158,606.28
Servicer Advance -
Servicer Payahead 7,383,934.20
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 DATA - CURRENT MONTH
- -------------------------
Aggregate Net Investment Value 2,942,795,116.01
Number of Current Contracts 164,194
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Lease Rate 6.28%
Weighted Average Remaining Term 23.52
- --------------------------------------------------------------------------------------------------------------
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 153,447,650.91
Net Investment Income Retained 730,076.72
Excess Reserve Amount Released -
Deposit Amount 5,034,757.13
Withdrawal Amount -
Ending Balance 159,212,484.76
Specified Reserve Fund Balance 181,145,705.90
Net Investment Income 730,076.72
Cumulative Withdrawal Amount -
- --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------
CREDIT LOSSES: VEHICLE COUNT AMOUNT
------------- ------
Contracts Charged-off During the Collection Period 227
Discounted Principal Balance 4,199,570.27
Net Liquidation Proceeds for the Collection Period (3,198,308.28)
Recoveries - Previously Charged-off Contracts 214,738.41
Aggregate Credit Losses for the Collection Period 786,523.58
Repossessions for the Collection Period 107
Cumulative Credit Losses for all Periods 2,703,197.42
RATIO OF NET CREDIT LOSSES TO THE AVERAGE ANIV BALANCE
FOR EACH COLLECTION PERIOD:
Second Preceding Collection Period 0.28%
First Preceding Collection Period 0.27%
Current Collection Period 0.32%
- --------------------------------------------------------------------------------------------------------------
TEST (i)(CHARGE-OFF RATE TEST)
- ------------------------------
Three Month Average 0.29%
Charge-off Rate Test (Test satisfied if < = 1.5%) Test Satisfied
- --------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Discounted
DELINQUENT CONTRACTS: Percent Accounts Percent Priopa Balance
------- -------- ------- --------------
<S> <C> <C> <C> <C>
31-60 Days Delinquent 0.74% 1,220 0.73% 21,557,027.11
61-90 Days Delinquent 0.20% 324 0.20% 5,846,317.89
Over 90 Days Delinquent 0.09% 149 0.09% 2,731,623.83
Total Delinquencies 1,693 30,134,968.93
RATIO OF NUMBER OF CONTRACTS DELINQUENT MORE THAN 60 DAYS TO THE OUTSTANDING
NUMBER OF RECEIVABLES AS OF EACH COLLECTION PERIOD (INCLUDES REPOSSESSIONS):
Second Preceding Collection Period 0.19%
First Preceding Collection Period 0.22%
Current Collection Period 0.29%
- ---------------------------------------------------------------------------------------------------------------------------------
TEST (ii)(DELINQUENCY RATE TEST)
Three Month Average 0.23%
Delinquency Rate Test (Test satisfied if < = 1.5%) Test Satisfied
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
RESIDUAL VALUE (GAIN) LOSS: VEHICLES
--------
<S> <C> <C>
Matured Lease Vehicle Inventory Sold 5 88,825.99
Net Liquidation Proceeds (80,320.00)
Net Residual Value (Gain) Loss 8,505.99
Cumulative Residual Value (Gain) Loss all periods 13,831.13
</TABLE>
<TABLE>
<CAPTION>
Average Average
Number Scheduled Sale Net Liquidation Residual
Sold Maturities Ratio Proceeds Value
MATURED VEHICLES SOLD FOR ------ ---------- ----- --------------- ---------
EACH COLLECTION PERIOD:
<S> <C> <C> <C> <C> <C>
Second Preceding Collection Period 1 4 25.00% 15,255.89 14,307.15
First Preceding Collection Period 5 9 55.56% 15,701.40 17,163.93
Current Collection Period 5 14 35.71% 16,064.00 17,765.20
Three Month Average 15,673.76 16,412.09
---------
</TABLE>
<TABLE>
<S> <C>
Ratio of Three Month Average Net Liquidation Proceeds to Average Residual Value 95.50%
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
Current Period
TEST (iii) (RESIDUAL VALUE TEST) Amount/Ratio Test Met?
- ------------------------------ -------------- ---------
<S> <C> <C>
a) Number of Vehicles Sold > 45% of Scheduled Maturities and > = 500 Scheduled Maturities 35.71% Yes
b) 3 Month Average Matured Leased Vehicle Proceeds < 75% of Average Residual Values 95.50% Yes
Residual Value Test (Test satisfied if tests a and b = Yes) Test Satisfied
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
SERVICER'S FEE DUE: AMOUNT
------
<S> <C>
Prior Cumulative Servicer's Fee Shortfall -
Servicer's Fee Due This Collectoin Period 2,487,334.99
Servicer's Fee Paid 2,487,334.99
Current Cumulative Servicer's Fee Shortfall -
- ---------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------
ADVANCES AND PAYAHEADS: AMOUNT
------
<S> <C>
ADVANCES
Prior Outstanding Servicer Advances 1,177,884.52
Net Advance/(Recovery) This Period 184,716.73
Nonrecoverable Prior Advances (185,824.34)
Current Outstanding Servicer Advances 1,176,776.91
PAYAHEAD ACCOUNT
Prior Outstanding Payahead Balance 7,755,837.22
Net Allocation/(Collections) of Advanced Payments This Period 358,140.89
Current Outstanding Payahead Balance 7,397,696.33
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Securities Class A1 Class A2 Class A3
Total Balance (99.8%) Balance Balance Balance
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
COLLECTIONS:
Interest
Scheduled Interest Collections 21,860,897.27 21,817,175.48
Interest Related To Prepayments in Full 241,978.61 241,494.65
Interest Related To Full Term and Over Term Payoffs 3,734.68 3,727.21
Interest Related to Reallocation Payments 2,434.23 2,429.36
Excess Liquidation Processes - -
Recoveries 214,738.41 214,308.93
Available Interest 22,323,783.20 22,279,135.63
Principal
Scheduled Principal Collections 29,069,198.99 29,011,060.59
Prepayments in Full 8,229,188.69 8,212,730.31
Full Term and Over Term Payoffs 406,467.15 405,654.22
Reallocation Payment 13,625.52 13,598.27
Net Liquidation Proceeds 3,278,628.28 3,272,071.02
Available Principal 40,997,108.63 40,915,114.41
Withdrawal from Reserve Fund -
Total of Sources for Distribution 63,320,891.83
Distributions:
Interest
Transferor interest 39,672.90
Capped Trustee Fees - -
Class A Interest 14,016,768.18 14,016,768.18 315,059.84 1,821,250.00 2,033,333.33
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 2,487,334.99 2,482,360.32
Unpaid Servicer's Fees Related to Prior Collection Periods - -
Reserve Fund Deposit 5,034,757.13 5,034,757.13
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 - -
Certificate Principal Loss Amount/Certificate Principal -
Carryover Shortfall - -
Uncapped Administrative Expenses (paid to the Trustees) - -
Excess Interest to Transferor -
Total Distributions of Interest 22,323,783.20 22,279,135.63 315,059.84 1,821,250.00 2,033,333.33
Principal
Transferor Principal 81,994.22
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 40,915,114.41 40,915,114.41 40,915,114.41
Principal Distribution to A-5, B and C Notes - -
Principal Distribution to Certificates - -
Total Distributions of Principal 40,997,108.63 40,915,114.41 40,915,114.41
Note/Certificate Interest Carryover Shortfalls
Beginning Balance 6,901,763.98 - - -
Current Period Increase (Decrease) 1,262,351.00 - - -
Ending Balance 8,164,114.98 - - -
Note/Certificate Principal Loss Amount
Beginning Balance 1,935,997.75 1,932,125.75 - - -
Current Period Increase (Decrease) 1,020,899.96 1,018,858.16 - - -
Ending Balance 2,956,897.71 2,950,983.91 - - -
</TABLE>
<TABLE>
<CAPTION>
Class A4 Class A5 Class B Class C
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 Processes
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 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 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
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 -
Certificate Principal Loss Amount/Certificate Principal -
Carryover Shortfall
Uncapped Administrative Expenses (paid to the Trustees)
Excess Interest to Transferor
Total Distributions of Interest 5,375,000.00 4,472,125.00 365,750.00 379,500.00
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 - - - -
</TABLE>
<TABLE>
<CAPTION>
Certificate Transferor Interest
Balance Balance
- ------------------------------------------------------------------------------------------------
<S> <C> <C>
COLLECTIONS:
Interest
Scheduled Interest Collections 43,721.79
Interest Related To Prepayments in Full 483.95
Interest Related To Full Term and Over Term Payoffs 7.47
Interest Related to Reallocation Payments 4.87
Excess Liquidation Processes -
Recoveries 429.48
Available Interest 44,647.57
Principal
Scheduled Principal Collections 58,138.40
Prepayments in Full 16,458.38
Full Term and Over Term Payoffs 812.93
Reallocation Payment 27.25
Net Liquidation Proceeds 6,557.26
Available Principal 81,994.22
Withdrawal from Reserve Fund
Total of Sources for Distribution
Distributions:
Interest
Transferor interest 39,672.90
Capped Trustee Fees
Class A Interest
Class A Interest Carryover Shortfalls
Class B Interest
Class B Interest Carryover Shortfalls
Class C Interest
Class C Interest
Capped Contingent and Excess Liability Premiums
Capped Origination Trust Administrative Expenses
Other Capped Trustee Fees
Servicer's fee 4,974.67
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
Certificate Principal Loss Amount/Certificate Principal
Carryover Shortfall
Uncapped Administrative Expenses (paid to the Trustees) -
Excess Interest to Transferor -
Total Distributions of Interest - 44,647.57
Principal
Transferor Principal
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 81,994.22
Principal Distribution to A-5, B and C Notes
Principal Distribution to Certificates -
Total Distributions of Principal - 81,994.22
Note/Certificate Interest Carryover Shortfalls
Beginning Balance 6,901,763.98
Current Period Increase (Decrease) 1,262,351.00
Ending Balance 8,164.114.98
Note/Certificate Principal Loss Amount
Beginning Balance 1,932,125.75 3,872.00
Current Period Increase (Decrease) 1,018,858.16 2,041.00
Ending Balance 2,950,983.91 5,913.80
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Securities Class A 1 Class A 2 Class A 3
Total Balance (99.8%) Balance Balance Balance
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 22,323,783.20 22,279,135.63 315,059.84 1,821,250.00 2,033,333.33
Principal Distributions 40,997,108.63 40,915,114.41 40,915,114.41 - -
Total Distributions 63,320,891.83 63,194,250.05 41,230,174.26 1,821,250.00 2,033,333.33
ORIGINAL DEAL PARAMETER
Aggregate Net Investment Value (ANIV) 3,300,158,606.28
Initial Note/Certificate Balance 3,293,558,289.00 380,000,000.00 360,000,000.00 400,000,000.00
Percent of ANIV 99.80% 11.51% 10.91% 12.12%
Class Allocation Percentage 12.89% 12.22% 13.57%
Note/Certificate Factor 1.00 1.00 1.00
Note/Certificate Rate 5.445% 5.875% 6.100%
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) 2,984,801,992.63
Note/Certificate Balance 2,978,832,388.57 67,194,847.80 360,000,000.00 400,000,000.00
Percent of ANIV 99.80% 2.25% 12.06% 13.40%
Class Allocation Percentage 2.55% 13.67% 15.18%
Note/Certificate Factor 0.18 1.00 1.00
Servicer Advance 1,177,884.52
Servicer Payahead 7,755,837.22
Number of Contracts 164,926
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 24.51
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31 30 30
POOL DATA CURRENT MONTH
Aggregate Net Investment Value (ANIV) 2,942,795,116.01
Note/Certificate Balance 2,936,909,525.72 26,279,733.39 360,000,000.00 400,000,000.00
Percent, of ANIV 99.80% 0.89% 12.23% 13.59%
Class Allocation Percentage 1.01% 13.88% 15.42%
Note/Certificate Factor 0.07 1.00 1.00
Servicer Advance 1,176,776.91
Servicer Payahead 7,397,696.33
Number of Contracts 164,194
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 23.52
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31 30 30
</TABLE>
<TABLE>
<CAPTION>
Class A 4 Class A 5 Class B Class C
Balance Balance Balance Balance
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 5,375,000.00 4,472,125.00 365,750.00 379,500.00
Principal Distributions - - - -
Total Distributions 5,375,000.00 4,472,125.00 365,750.00 379,500.00
ORIGINAL DEAL PARAMETER
Aggregate Net Investment Value (ANIV)
Initial Note/Certificate Balance 1,000,000,000.00 807,000,000.00 66,000,000.00 66,000,000.00
Percent of ANIV 30.30% 24.45% 2.00% 2.00%
Class Allocation Percentage 33.93% 27.38% 100.00% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00
Note/Certificate Rate 6.450% 6.650% 6.650% 6.90%
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) 1,000,000,000.00 807,000,000.00 66,000,000.00 66,000,000.00
Note/Certificate Balance 33.50% 27.04% 2.21% 2.21%
Percent of ANIV 37.96% 30.64% 100.00% 100.00%
Class Allocation Percentage 1.00 1.00 1.00 1.00
Note/Certificate Factor
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 1,000,000,000.00 807,000,000.00 66,000,000.00 66,000,000.00
Percent, of ANIV 33.98% 27.42% 2.24% 2.24%
Class Allocation Percentage 38.56% 31.12% 100.00% 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
</TABLE>
<TABLE>
<CAPTION>
Certificate Transferor Interest
Balance Balance
- ------------------------------------------------------------------------------------------------
<S> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS AND
CERTIFICATEHOLDERS:
Interest Distributions 44,647.57
Principal Distributions 81,994,22
Total Distributions 126,641.78
ORIGINAL DEAL PARAMETER
Aggregate Met Investment Value (ANIV)
Initial Note/Certificate Balance 214,558,289.00 6,600,317.28
Percent of ANIV 6.50% 0.20%
Class Allocation Percentage 100.00%
Note/Certificate Factor 1.00
Note/Certificate Rate 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 212,637,540.77 5,969,604.06
Percent of ANIV 7.12% 0.20%
Class Allocation Percentage 100.00%
Note/Certificate Factor 0.99
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
POOL DATA CURRENT MONTH
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 211,629,792.33 5,885,590.29
Percent, of ANIV 7.19% 0.20%
Class Allocation Percentage 100.00%
Note/Certificate Factor 0.99
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
</TABLE>
