<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):
April 17, 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 April 17, 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 April 17, 2000 for the Collection Period of
March 1, 2000 through March 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 7,383,934.30
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 DATA - CURRENT MONTH
- -------------------------
Aggregate Net Investment Value 2,851,612,142.63
Number of Current Contracts 162,290
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Lease Rate 6.28%
Weighted Average Remaining Term 21.55
- --------------------------------------------------------------------------------------------------------------
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 164,843,521.34
Net Investment Income Retained 831,506.30
Excess Reserve Amount Released -
Deposit Amount 5,901,666.88
Withdrawal Amount -
Ending Balance 171,576,694.52
Specified Reserve Fund Balance 181,145,705.90
Net Investment Income 831,506.30
Cumulative Withdrawal Amount -
- --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------
CREDIT LOSSES: VEHICLE COUNT AMOUNT
------------- ------
Contracts Charged-off During the Collection Period 244
Discounted Principal Balance 4,260,137.74
Net Liquidation Proceeds for the Collection Period (3,595,805.37)
Recoveries - Previously Charged-off Contracts 282,350.25
Aggregate Credit Losses for the Collection Period 381,982.12
Repossessions for the Collection Period 111
Cumulative Credit Losses for all Periods 3,291,226.62
RATIO OF NET CREDIT LOSSES TO THE AVERAGE ANIV BALANCE
FOR EACH COLLECTION PERIOD:
Second Preceding Collection Period 0.32%
First Preceding Collection Period 0.08%
Current Collection Period 0.16%
- --------------------------------------------------------------------------------------------------------------
TEST (i)(CHARGE-OFF RATE TEST)
- ------------------------------
Three Month Average 0.19%
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 0.66% 1,074 0.66% 18,793,260.16
61-90 Days Delinquent 0.10% 168 0.10% 2,949,881.95
Over 90 Days Delinquent 0.07% 121 0.08% 2,227,565.70
Total Delinquencies 1,363 23,970,707.81
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 0.29%
First Preceding Collection Period 0.22%
Current Collection Period 0.18%
- ---------------------------------------------------------------------------------------------------------------------------------
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 38 668,848.57
Net Liquidation Proceeds (655,075.42)
Net Residual Value (Gain) Loss 13,773.15
Cumulative Residual Value (Gain) Loss all periods 43,379.71
</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 5 14 35.71% 16,064.00 17,765.20
First Preceding Collection Period 17 16 100% 15,295.90 16,223.87
Current Collection Period 38 43 88.37% 17,238.83 17,601.28
Three Month Average 16,199.58 17,196.78
---------
</TABLE>
<TABLE>
<S> <C>
Ratio of Three Month Average Net Liquidation Proceeds to Average Residual Value 94.20%
- --------------------------------------------------------------------------------------------------------------------------------
</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 88.37% Yes
b) 3 Month Average Matured Leased Vehicle Proceeds < 75% of Average Residual Values 94.20% 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 2,415,538.42
Servicer's Fee Paid 2,415,538.42
Current Cumulative Servicer's Fee Shortfall -
- ---------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------
ADVANCES AND PAYAHEADS: AMOUNT
------
<S> <C>
ADVANCES
Prior Outstanding Servicer Advances 1,138,665.41
Net Advance/(Recovery) This Period (27,566.24)
Nonrecoverable Prior Advances (173,890.41)
Current Outstanding Servicer Advances 937,208.76
PAYAHEAD ACCOUNT
Prior Outstanding Payahead Balance 7,278,671.20
Net Allocation/(Collections) of Advanced Payments This Period (1,088,722.33)
Current Outstanding Payahead Balance 8,367,393.53
- ----------------------------------------------------------------------------------
</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 22,128,486.03 22,084,229.06
Interest Related To Prepayments in Full 302,606.99 302,001.78
Interest Related To Full Term and Over Term Payoffs 1,647.51 1,644.21
Interest Related to Reallocation Payments 3,157.69 3,151.37
Excess Liquidation Processes - -
Recoveries 282,350.25 281,785.55
Available Interest 22,718,248.47 22,672,811.97
Principal
Scheduled Principal Collections 29,159,322.06 29,101,003.42
Prepayments in Full 11,789,441.39 11,765,862.51
Full Term and Over Term Payoffs 878,072.19 876,316.05
Reallocation Payment 278,133.71 277,577.44
Net Liquidation Proceeds 4,250,880.79 4,242,379.03
Available Principal 46,355,850.14 46,263,138.44
Withdrawal from Reserve Fund -
Total of Sources for Distribution 69,074,098.61
Distributions:
Interest
Transferor interest 40,605,42
Capped Trustee Fees - -
Class A Interest 13,615,187.76 13,615,187.76 - 1,734,729.42 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 2,415,538.42 2,410,707.34
Unpaid Servicer's Fees Related to Prior Collection Periods - -
Reserve Fund Deposit 5,901,666,88 5,901,666.88
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 22,718,248.47 22,672,811.97 - 1,734,729.42 2,033,333.33
Principal
Transferor Principal 92,711.70
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 46,263,138.44 46,263,138.44 - 46,263,138.44
Principal Distribution to A-5, B and C Notes - -
Principal Distribution to Certificates - -
Total Distributions of Principal 46,355.850.14 46,263,138.44 - 46,263,138.44
Note/Certificate Interest Carryover Shortfalls
Beginning Balance 9,427,929.95 - - -
Current Period Increase (Decrease) 1,267,178.97 - - -
Ending Balance 10,695,108.92 - - -
Note/Certificate Principal Loss Amount
Beginning Balance 3,654,031.90 3,646,723.84 - - -
Current Period Increase (Decrease) 699,116.20 697,717.97 - - -
Ending Balance 4,353,148.11 4,344,441.81 - - -
</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 44,256.97
Interest Related To Prepayments in Full 605.21
Interest Related To Full Term and Over Term Payoffs 3.30
Interest Related to Reallocation Payments 6.32
Excess Liquidation Processes -
Recoveries 564.70
Available Interest 45,436.50
Principal
Scheduled Principal Collections 58,318.64
Prepayments in Full 23,578.88
Full Term and Over Term Payoffs 1,756.14
Reallocation Payment 556.27
Net Liquidation Proceeds 8,501.76
Available Principal 92,711.70
Withdrawal from Reserve Fund
Total of Sources for Distribution
Distributions:
Interest
Transferor interest 40,605.42
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 4,831.08
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 - 45,436.50
Principal
Transferor Principal
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 92,711.70
Principal Distribution to A-5, B and C Notes
Principal Distribution to Certificates -
Total Distributions of Principal - 92,711.70
Note/Certificate Interest Carryover Shortfalls
Beginning Balance 9,427,929.95
Current Period Increase (Decrease) 1,267,178.97
Ending Balance 10,695,108.92
Note/Certificate Principal Loss Amount
Beginning Balance 3,646,723.84 7,308.06
Current Period Increase (Decrease) 697,717.97 1,398.23
Ending Balance 4,344,441.81 8,706.30
</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 22,718,248.47 22,672,811.97 - 1,734,729.42 2,033,333.33
Principal Distributions 46,355,850.14 46,263,138.44 - 46,263,138.44 -
Total Distributions 69,074,098.61 68,935,950.41 - 47,997,867.86 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) 2,898,646,098.37
Note/Certificate Balance 2,892,848,806.19 - 342,897,785.63 400,000,000.00
Percent of ANIV 99.80% 0.00% 11.83% 13.80%
Class Allocation Percentage 0.00% 13.45% 15.69%
Note/Certificate Factor 0.00 0.95 1.00
Servicer Advance 1,138,665.41
Servicer Payahead 7,278,671.20
Number of Contracts 163,334
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 22.53
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 29 29 30
POOL DATA CURRENT MONTH
Aggregate Net Investment Value (ANIV) 2,851,612,142.63
Note/Certificate Balance 2,845,908,918.44 - 296,634,647.19 400,000,000.00
Percent, of ANIV 99.80% 0.00% 10.40% 14.03%
Class Allocation Percentage 0.00% 11.85% 15.98%
Note/Certificate Factor 0.00 0.82 1.00
Servicer Advance 937,208.76
Servicer Payahead 8,367,393.53
Number of Contracts 162,290
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 21.55
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31 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% 6.900%
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) 1,000,000,000.00 807,000,000.00 66,000,000.00 66,000,000.00
Note/Certificate Balance 34.50% 27.84% 2.28% 2.28%
Percent of ANIV 39.22% 31.65% 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 35.07% 28.30% 2.31% 2.31%
Class Allocation Percentage 39.94% 32.23% 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 - 45,436.50
Principal Distributions - 92,711.70
Total Distributions - 138,148.20
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 210,951,020.56 5,797,292.18
Percent of ANIV 7.28% 0.20%
Class Allocation Percentage 100.00%
Note/Certificate Factor 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
POOL DATA CURRENT MONTH
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 210,274,271.25 5,703,224.19
Percent, of ANIV 7.37% 0.20%
Class Allocation Percentage 100.00%
Note/Certificate Factor 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
</TABLE>
