<PAGE> 1
EXHIBIT 20
AMERICAN HONDA FINANCE CORPORATION
Servicer's Certificate - Honda Auto Lease Trust 1999-A
Distribution Date of December 15, 2000 for the Collection Period of
November 1, 2000 through November 30, 2000
<TABLE>
<CAPTION>
POOL DATA - ORIGINAL DEAL PARAMETERS
------------------------------------
<S> <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 2,437,668,844.38
Number of Current Contracts 151,134
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Lease Rate 6.28%
Weighted Average Remaining Term 13.87
</TABLE>
<TABLE>
<CAPTION>
RESERVE FUND:
<S> <C>
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 180,157,597.73
Net Investment Income Retained --
Deposit Amount 988,108.17
Withdrawal Amount 356,465.85
Excess Reserve Amount Released --
Ending Balance 180,789,240.05
Specified Reserve Fund Balance 181,145,705.90
Net Investment Income 969,474.67
Cumulative Withdrawal Amount 4,371,662.29
</TABLE>
<TABLE>
<CAPTION>
CREDIT LOSSES: VEHICLE COUNT AMOUNT
------------- -------------
<S> <C> <C>
Contracts Charged-off During the Collection Period 227
Discounted Principal Balance 3,737,835.83
Net Liquidation Proceeds for the Collection Period (2,986,026.02)
Recoveries - Previously Charged-off Contracts 211,655.36
Aggregate Credit Losses for the Collection Period 540,154.45
Repossessions for the Collection Period 126
Cumulative Credit Losses for all Periods 7,184,352.00
</TABLE>
<TABLE>
<CAPTION>
RATIO OF NET CREDIT LOSSES TO THE AVERAGE ANIV BALANCE
FOR EACH COLLECTION PERIOD:
<S> <C>
Second Preceding Collection Period 0.29%
First Preceding Collection Period 0.27%
Current Collection Period 0.26%
</TABLE>
<TABLE>
<CAPTION>
TEST (i) (CHARGE-OFF RATE TEST)
-------------------------------
<S> <C>
Three Month Average 0.27%
Charge-off Rate Test (Test satisfied if <= 1.5%) Test Satisfied
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL
DELINQUENT CONTRACTS: PERCENT ACCOUNTS PERCENT BALANCE
------- -------- ------- -------------
<S> <C> <C> <C> <C>
31-60 Days Delinquent 0.88% 1,323 0.86% 20,874,074.40
61-90 Days Delinquent 0.17% 254 0.17% 4,022,329.46
Over 90 Days Delinquent 0.12% 182 0.12% 2,939,965.28
Total Delinquencies 1,759 27,836,369.14
</TABLE>
<TABLE>
<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 0.26%
First Preceding Collection Period 0.26%
Current Collection Period 0.29%
</TABLE>
<TABLE>
<CAPTION>
TEST (ii) (DELINQUENCY RATE TEST)
---------------------------------
<S> <C>
Three Month Average 0.27%
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 166 2,846,497.09
Net Liquidation Proceeds (2,541,526.53)
Net Residual Value (Gain) Loss 304,970.56
Cumulative Residual Value (Gain) Loss all periods 1,077,703.41
</TABLE>
<TABLE>
<CAPTION>
AVERAGE AVERAGE
NUMBER SCHEDULED SALE NET LIQUIDATION RESIDUAL
MATURED VEHICLES SOLD FOR SOLD MATURITIES RATIO PROCEEDS VALUE
EACH COLLECTION PERIOD: ------ ---------- ----- --------------- ---------
<S> <C> <C> <C> <C> <C>
Second Preceding Collection Period 117 121 96.69% 16,263.59 18,089.56
First Preceding Collection Period 114 133 85.71% 15,851.44 17,332.54
Current Collection Period 166 202 82.18% 15,310.40 17,147.57
Three Month Average 15,808.48 17,523.22
Ratio of Three Month Average Net Liquidation Proceeds to Average Residual Value 90.21%
</TABLE>
<TABLE>
<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 >= 500 Scheduled 82.18% Yes
b) 3 Month Average Matured Leased Vehicle Proceeds < 75% of Average Res 90.21% 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 Collection Period 2,077,954.30
Servicer's Fee Paid 2,077,954.30
Current Cumulative Servicer's Fee Shortfall --
</TABLE>
<TABLE>
<CAPTION>
ADVANCES AND PAYAHEADS: AMOUNT
------------
<S> <C>
ADVANCES
Prior Outstanding Servicer Advances 1,195,719.98
Net Advance/(Recovery) This Period 239,645.37
Nonrecoverable Prior Advances (197,262.11)
Current Outstanding Servicer Advances 1,238,103.24
PAYAHEAD ACCOUNT
Prior Outstanding Payahead Balance 7,647,351.18
Net Allocation/(Collections) of Advanced Payments This Period (111,264.80)
Current Outstanding Payahead Balance 7,758,615.98
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
SECURITIES CLASS A1 CLASS A2
TOTAL BALANCE (99.8%) BALANCE BALANCE
------------- --------------- -------- --------
COLLECTIONS:
INTEREST
<S> <C> <C> <C> <C>
Scheduled Interest Collections 17,607,374.73 17,572,159.98
Interest Related To Prepayments in Full 237,138.14 236,663.86
Interest Related To Full Term and Over Term Payoffs 26,914.84 26,861.01
Interest Related to Reallocation Payments 9,047.19 9,029.10
Excess Liquidation Proceeds -- --
Recoveries 211,655.36 211,232.05
Available Interest 18,092,130.26 18,055,946.00
PRINCIPAL
Scheduled Principal Collections 28,660,198.16 28,602,877.76
Prepayments In Full 14,243,412.15 14,214,925.33
Full Term and Over Term Payoffs 5,563,790.21 5,552,662.63
Reallocation Payment 824,580.97 822,931.81
Net Liquidation Proceeds 5,527,552.55 5,516,497.44
Available Principal 54,819,534.04 54,709,894.97
WITHDRAWAL FROM RESERVE FUND 356,465.85 356,465.85
TOTAL OF SOURCES FOR DISTRIBUTION 73,268,130.15
DISTRIBUTIONS:
INTEREST
Transferor Interest 32,028.35
Capped Trustee Fees -- --
Class A Interest 11,578,766.46 11,578,766.46 -- --
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 2,077,954.30 2,073,798.39
Unpaid Servicer's Fees Related to Prior Collection Periods -- --
Reserve Fund Deposit 988,108.17 988,108.17
Certificate Interest 1,201,051.93 1,201,051.93
Certificate Interest Carryover Shortfall 770,770.08 770,770.08
Excess Interest to Transferor --
TOTAL DISTRIBUTIONS OF INTEREST 17,393,929.30 17,357,745.04 -- --
PRINCIPAL
Transferor Principal 109,639.07
Principal Distribution to A-1, A-2, A-3 and A-4 Notes 54,709,894.97 54,709,894.97 -- --
Principal Distribution to A-5, B and C Notes -- --
Principal Distribution to Certificates -- --
Class A Covered Loss Amount 1,054,666.81 1,054,666.81 -- --
Class A Note Principal Loss Amount/Class A Note Principal Carryover -- -- -- --
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 -- --
Uncapped Administrative Expenses (paid to the Trustees) -- --
TOTAL DISTRIBUTIONS OF PRINCIPAL 55,874,200.85 55,764,561.78 -- --
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance 766,363.49 -- --
Current Period Increase (Decrease) (766,363.49) -- --
Ending Balance -- -- --
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance 5,965,383.45 5,963,403.27 -- --
Current Period Increase (Decrease) 36,414.52 34,289.57 -- --
Ending Balance 6,001,797.97 5,997,692.84 -- --
</TABLE>
<TABLE>
<CAPTION>
CLASS A3 CLASS A4 CLASS A5 CLASS B
BALANCE BALANCE BALANCE BALANCE
-------- -------- -------- -------
COLLECTIONS:
INTEREST
<S> <C> <C> <C> <C>
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 1,731,641.46 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
Excess Interest to Transferor
TOTAL DISTRIBUTIONS OF INTEREST 1,731,641.46 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 54,709,894.97 --
Principal Distribution to A-5, B and C Notes -- --
Principal Distribution to Certificates
Class A Covered Loss Amount 1,054,666.81 -- --
Class A Note Principal Loss Amount/Class A Note Principal Carryover -- -- --
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
Uncapped Administrative Expenses (paid to the Trustees)
TOTAL DISTRIBUTIONS OF PRINCIPAL 55,764,561.78 -- -- --
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>
TRANSFEROR
CLASS C CERTIFICATE INTEREST
BALANCE BALANCE BALANCE
------- ----------- -----------
COLLECTIONS:
INTEREST
<S> <C> <C> <C>
Scheduled Interest Collections 35,214.75
Interest Related To Prepayments in Full 474.28
Interest Related To Full Term and Over Term Payoffs 53.83
Interest Related to Reallocation Payments 18.09
Excess Liquidation Proceeds --
Recoveries 423.31
Available Interest 36,184.26
PRINCIPAL
Scheduled Principal Collections 57,320.40
Prepayments In Full 28,486.82
Full Term and Over Term Payoffs 11,127.58
Reallocation Payment 1,649.16
Net Liquidation Proceeds 11,055.11
Available Principal 109,639.07
WITHDRAWAL FROM RESERVE FUND
TOTAL OF SOURCES FOR DISTRIBUTION
DISTRIBUTIONS:
INTEREST
Transferor Interest 32,028.35
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 4,155.91
Unpaid Servicer's Fees Related to Prior Collection Periods --
Reserve Fund Deposit
Certificate Interest 1,201,051.93
Certificate Interest Carryover Shortfall 770,770.08
Excess Interest to Transferor --
TOTAL DISTRIBUTIONS OF INTEREST 379,500.00 1,971,822.01 36,184.26
PRINCIPAL
Transferor Principal 109,639.07
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 --
Class A Covered Loss Amount
Class A Note Principal Loss Amount/Class A Note Principal Carryover
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 --
Uncapped Administrative Expenses (paid to the Trustees)
TOTAL DISTRIBUTIONS OF PRINCIPAL -- -- 109,639.07
NOTE/CERTIFICATE INTEREST CARRYOVER SHORTFALLS
Beginning Balance -- 766,363.49
Current Period Increase (Decrease) -- (766,363.49)
Ending Balance -- --
NOTE/CERTIFICATE PRINCIPAL LOSS AMOUNT
Beginning Balance -- 5,963,403.27 1,980.18
Current Period Increase (Decrease) -- 34,289.57 2,124.95
Ending Balance -- 5,997,692.84 4,105.13
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
SECURITIES CLASS A1 CLASS A2 CLASS A3
TOTAL BALANCE (99.8%) BALANCE BALANCE BALANCE
---------------- ---------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS
AND CERTIFICATEHOLDERS:
Interest Distributions 17,393,929.30 17,357,745.04 -- -- 1,731,641.46
Principal Distributions 55,874,200.85 55,764,561.78 -- -- 55,764,561.78
Total Distributions 73,268,130.15 73,122,306.82 -- -- 57,496,203.25
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) 2,493,545,158.79
Note/Certificate Balance 2,488,529,376.99 -- -- 340,650,779.90
Percent of ANIV 99.80% 0.00% 0.00% 13.66%
Class Allocation Percentage 0.00% 0.00% 15.86%
Note/Certificate Factor 0.00 0.00 0.85
Servicer Advance 1,195,719.98
Servicer Payahead 7,647,351.18
Number of Contracts 152,856
Weighted Average Lease Rate 6.29%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 14.82
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 31 31 30
POOL DATA CURRENT MONTH
Aggregate Net Investment Value (ANIV) 2,437,668,844.38
Note/Certificate Balance 2,432,764,815.21 -- -- 284,886,218.12
Percent of ANIV 99.80% 0.00% 0.00% 11.69%
Class Allocation Percentage 0.00% 0.00% 13.62%
Note/Certificate Factor 0.00 0.00 0.71
Servicer Advance 1,238,103.24
Servicer Payahead 7,758,615.98
Number of Contracts 151,134
Weighted Average Lease Rate 6.28%
Weighted Average Lease Rate (Discounted) 9.04%
Weighted Average Remaining Term 13.87
Servicing Fee Percentage 1.00%
Number of Days in the Accrual Period 30 30 30
</TABLE>
<TABLE>
<CAPTION>
CLASS A4 CLASS A5 CLASS B CLASS C CERTIFICATE
BALANCE BALANCE BALANCE BALANCE BALANCE
----------------- -------------- ------------- ------------- --------------
<S> <C> <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 1,971,822.01
Principal Distributions -- -- -- -- --
Total Distributions 5,375,000.00 4,472,125.00 365,750.00 379,500.00 1,971,822.01
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 66,000,000.00 214,558,289.00
Percent of ANIV 30.30% 24.45% 2.00% 2.00% 6.50%
Class Allocation Percentage 33.93% 27.38% 100.00% 100.00% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 1.00 1.00
Note/Certificate Rate 6.450% 6.650% 6.650% 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 1,000,000,000.00 807,000,000.00 66,000,000.00 66,000,000.00 208,878,597.09
Percent of ANIV 40.10% 32.36% 2.65% 2.65% 8.38%
Class Allocation Percentage 46.56% 37.58% 100.00% 100.00% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 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 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 66,000,000.00 208,878,597.09
Percent of ANIV 41.02% 33.11% 2.71% 2.71% 8.57%
Class Allocation Percentage 47.80% 38.58% 100.00% 100.00% 100.00%
Note/Certificate Factor 1.00 1.00 1.00 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 30 30 30
</TABLE>
<TABLE>
<CAPTION>
TRANSFEROR
INTEREST
BALANCE
------------
<S> <C>
TOTAL DISTRIBUTIONS TO NOTEHOLDERS
AND CERTIFICATEHOLDERS:
Interest Distributions 36,184.26
Principal Distributions 109,639.07
Total Distributions 145,823.33
ORIGINAL DEAL PARAMETER
Aggregate Net Investment Value (ANIV)
Initial Note/Certificate Balance 6,600,317.28
Percent of ANIV 0.20%
Class Allocation Percentage
Note/Certificate Factor
Note/Certificate Rate
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 5,015,781.80
Percent of ANIV 0.20%
Class Allocation Percentage
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
POOL DATA CURRENT MONTH
Aggregate Net Investment Value (ANIV)
Note/Certificate Balance 4,904,029.17
Percent of ANIV 0.20%
Class Allocation Percentage
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
</TABLE>
I hereby certify to the best of my
knowledge that the report provided is
true and correct
--------------------------------------
John Weisickle, Vice President Finance
