HOUSEHOLD AUTOMOTIVE TRUST III SERIES 1999-1
8-K, EX-99, 2000-12-28
ASSET-BACKED SECURITIES
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MASTER SERVICERS CERTIFICATE

(Delivered pursuant to Section 4.9

of the Master Sale and Servicing Agreement)

HOUSEHOLD FINANCE CORPORATION,

Master Servicer

HOUSEHOLD AUTO RECEIVABLES CORPORATION

HOUSEHOLD AUTOMOTIVE TRUST III

Class A Notes, Series 1999-1

1. This Certificate relates to the Distribution Date occurring on

December 18, 2000

2. Series 1999-1 Information

(a) The amount of Collected Funds with respect to the Collection Period was equal to

$26,864,096.08

(b) The amount of Available Funds with respect to the Collection Period was equal to

$26,864,096.08

(c) The Liquidated Receivables for the Collection Period was equal to

$7,364,350.37

(d) Net Liquidation Proceeds for the Collection Period was equal to

$3,412,521.87

(i) The annualized net default rate

8.6820869%

(e) The principal balance of Series 1999-1 Receivables at the beginning

of the Collection Period was equal to

$557,249,637.92

(f) The principal balance of Series 1999-1 Receivables on the last day

of the Collection Period was equal to

$535,159,198.97

(g) The aggregate outstanding balance of the Series 1999-1 Receivables which were one

payment (1-29 days) delinquent as of the close of business on the last day of the

Collection Period with respect to such Distribution Date was equal to

$48,071,000.00

(h) The aggregate outstanding balance of the Series 1999-1 Receivables which were two

payments (30-59 days) delinquent as of the close of business on the last day of the

Collection Period with respect to such Distribution Date was equal to

$16,640,000.00

(i) The aggregate outstanding balance of the Series 1999-1 Receivables which were three or

more payments (60+ days) delinquent as of the close of business on the last day of the

Collection Period with respect to such Distribution Date was equal to

$7,111,000.00

(j) The Base Servicing Fee paid on the Distribution Date was equal to

$1,393,124.09

(k) The Principal Distributable Amount for the Distribution Date was equal to

$13,806,524.34

(l) The Principal Amount Available for the Distribution Date was equal to

$24,614,041.75

(m) The Aggregate Note Principal Balance was equal to

$367,617,634.11

(n) The Aggregate Optimal Note Principal Balance was equal to

$353,811,109.77

(o) The Targeted Credit Enhancement Amount was equal to

$200,684,699.61

(p) The Targeted Credit Enhancement Amount as a percentage of the Pool

Balance on the Distribution Date was equal to

37.5000000%

(q) The Targeted Reserve Account Balance was equal to

$19,336,610.41

(r) The Reserve Account Deposit Amount for the Distribution Date

$0.00

(s) The Maximum Reserve Account Deposit Amount for the Distribution Date

$2,523,602.80

(t) The Reserve Account Shortfall for the Distribution Date

$0.00

(u) The amount on deposit in the Reserve Account after distributions was equal to

$19,336,610.41

(v) The amount on deposit in the Reserve Account as a percentage of the Pool

Balance on the Distribution Date was equal to

3.6132445%

(w) The Targeted Overcollateralization Amount was equal to

$181,348,089.20

(x) The ending overcollateralization was equal to

$181,348,089.20

(y) The ending overcollateralization as a percentage of the Pool Balance on the

Distribution Date was equal to

33.8867555%

(z) The Weighed Average Coupon (WAC) was equal to

19.3680000%

(aa) The Weighed Average Remaining Maturity (WAM) was equal to

42

3. Noteholder Information

(a) Class A-1

A. Information Regarding Distributions

1. Total Distribution per $1,000

$0.00

2. Principal Distribution per $1,000

$0.00

3. Interest Distribution per $1,000

$0.00

B. Calculation of Class A-1 Interest Due

1. Class A-1 related Note Rate

5.106000%

2. Class A-1 principal balance - beginning of period

$0.00

3. Accrual convention

Actual/360

4. Days in Interest Period

31

5. Class A-1 interest due

$0.00

6. Class A-1 interest paid

$0.00

7. Class A Interest Carryover Shortfall with respect to Class A-1

$0.00

8. Class A-1 unpaid interest with respect to the Distribution Date

$0.00

C. Calculation of Class A-1 principal balance

1. Class A-1 principal balance - beginning of period

$0.00

2. Class A-1 principal - amount due

$0.00

3. Class A-1 principal - amount paid

$0.00

4. Class A-1 principal balance - end of period

$0.00

5. Class A Principal Carryover Shortfall with respect to Class A-1

$0.00

6. Class A-1 unpaid principal with respect to the Distribution Date

$0.00

7. Class A-1 Notes as a percentage of the total Notes outstanding on the Distribution Date

0.000000%

8. Class A-1 Notes as a percentage of the Pool Balance on the Distribution Date

0.000000%

(b) Class A-2

A. Information Regarding Distributions

1. Total Distribution per $1,000

$77.50

2. Principal Distribution per $1,000

$76.61

3. Interest Distribution per $1,000

$0.89

B. Calculation of Class A-2 Interest Due

1. Class A-2 related Note Rate

5.719000%

2. Class A-2 principal balance - beginning of period

$32,557,634.11

3. Accrual convention

Actual/360

4. Days in Interest Period

31

5. Class A-2 interest due

$160,336.40

6. Class A-2 interest paid

$160,336.40

7. Class A Interest Carryover Shortfall with respect to Class A-2

$0.00

8. Class A-2 unpaid interest with respect to the Distribution Date

$0.00

C. Calculation of Class A-2 principal balance

1. Class A-2 principal balance - beginning of period

$32,557,634.11

2. Class A-2 principal - amount due

$13,806,524.34

3. Class A-2 principal - amount paid

$13,806,524.34

4. Class A-2 principal balance - end of period

$18,751,109.77

5. Class A Principal Carryover Shortfall with respect to Class A-2

($0.00)

6. Class A-2 unpaid principal with respect to the Distribution Date

($0.00)

7. Class A-2 Notes as a percentage of the total Notes outstanding on the Distribution Date

5.299752%

8. Class A-2 Notes as a percentage of the Pool Balance on the Distribution Date

3.503838%

9. Class A-1 and A-2 Notes as a percentage of the Pool Balance on the Distribution Date

3.503838%

(c) Class A-3

A. Information Regarding Distributions

1. Total Distribution per $1,000

$5.28

2. Principal Distribution per $1,000

$0.00

3. Interest Distribution per $1,000

$5.28

B. Calculation of Class A-3 Interest Due

1. Class A-3 related Note Rate

6.330000%

2. Class A-3 principal balance - beginning of period

$156,010,000.00

3. Accrual convention

30/360

4. Class A-3 interest due

$822,952.75

5. Class A-3 interest paid

$822,952.75

6. Class A Interest Carryover Shortfall with respect to Class A-3

$0.00

7. Class A-3 unpaid interest with respect to the Distribution Date

$0.00

C. Calculation of Class A-3 principal balance

1. Class A-3 principal balance - beginning of period

$156,010,000.00

2. Class A-3 principal - amount due

$0.00

3. Class A-3 principal - amount paid

$0.00

4. Class A-3 principal balance - end of period

$156,010,000.00

5. Class A Principal Carryover Shortfall with respect to Class A-3

$0.00

6. Class A-3 unpaid principal with respect to the Distribution Date

$0.00

7. Class A-3 Notes as a percentage of the total Notes outstanding on the Distribution Date

44.094150%

8. Class A-3 Notes as a percentage of the Pool Balance on the Distribution Date

29.152073%

9. Class A-1, A-2 and A-3 Notes as a percentage of the Pool Balance on the Distribution Date

32.655911%

(d) Class A-4

A. Information Regarding Distributions

1. Total Distribution per $1,000

$5.54

2. Principal Distribution per $1,000

$0.00

3. Interest Distribution per $1,000

$5.54

B. Calculation of Class A-4 Interest Due

1. Class A-4 related Note Rate

6.650000%

2. Class A-4 principal balance - beginning of period

$179,050,000.00

3. Accrual convention

30/360

4. Class A-4 interest due

$992,235.42

5. Class A-4 interest paid

$992,235.42

6. Class A Interest Carryover Shortfall with respect to Class A-4

$0.00

7. Class A-4 unpaid interest with respect to the Distribution Date

$0.00

C. Calculation of Class A-4 principal balance

1. Class A-4 principal balance - beginning of period

$179,050,000.00

2. Class A-4 principal - amount due

$0.00

3. Class A-4 principal - amount paid

$0.00

4. Class A-4 principal balance - end of period

$179,050,000.00

5. Class A Principal Carryover Shortfall with respect to Class A-4

$0.00

6. Class A-4 unpaid principal with respect to the Distribution Date

$0.00

7. Class A-4. Notes as a percentage of the total Notes outstanding on the Distribution Date

50.606099%

8. Class A-4 Notes as a percentage of the Pool Balance on the Distribution Date

33.457334%

9. Class A-1, A-2, A-3 and A-4 Notes as a percentage of the Pool Balance on the Distribution Date

66.113245%



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