<PAGE>
Exhibit 20
<TABLE>
<CAPTION>
Volkswagen Credit Auto Master Trust,
Trust, Series 2000-1
-------------------------------------------------
Distribution Date Statement: August 21,2000
<S> <C> <C>
a. Aggregate Amount of Collections $363,124,638.31
Aggregate Amount of Non-Principal Collections $ 5,356,472.66
Aggregate Amount of Principal Collections $357,768,165.65
Pool Balance $644,748,793.68
Residual Participation Amount $144,748,793.68
Excess Funding Account $ 0.00
b. Series Allocation Percentage 100.00%
Floating Allocation Percentage 77.55%
Principal Allocation Percentage N/A
c. Total Amount Distributed on Series 2000-1 $ 1,035,069.44
d. Amount of Such Distribution Allocable to Principal on 2000-1 $ 0.00
e. Amount of Such Distribution Allocable to Interest on 2000-1 $ 1,035,069.44
f. Noteholder Default Amount $ 0.00
g. Required Subordinated Draw Amount $ 0.00
h. Noteholder Charge Offs $ 0.00
Amounts of Reimbursements $ 0.00
i. Monthly Servicing Fee $ 537,290.66
Noteholder Monthly Servicing Fee $ 416,666.67
j. Controlled Deposit Amount $ 0.00
k. Series 2000-1 Invested Amount at end of period (Gross) $500,000,000.00
Outstanding Principal Balance $500,000,000.00
l. Available Subordinated Amount $ 26,975,674.02
m. Carry-over Amount $ 0.00
n. Reserve Account Balance $ 1,750,000.00
o. Principal Funding Account Balance $ 0.00
Yield Supplement Account Balance $ 1,750,000.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
VW CREDIT, INC. - SERVICER Page 1
21-Aug-00
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
Monthly Servicer Report Input and Summary Page
----------------------------------------------
TRANSACTION SUMMARY PORTFOLIO CHARGE OFF RATE AT COLLECTION PERIOD END
-------------------
From To Days
---- -- ----
<S> <C> <C> <C>
Current Interest Period 8/10/2000 8/20/2000 11
Series Allocation Percentage 100.00%
Initial Principal Balance $500,000,000.00
Outstanding Principal Balance $500,000,000.00
Principal Balance of Receivables for Determination Date $617,204,862.99
Amount Invested in Receivables on Series Issuance Date $500,000,000.00
Initial Invested Amount $500,000,000.00
Invested Amount at the Beginning of Period $500,000,000.00
Series 2000-1 Invested Amount at End of Period (Gross) $500,000,000.00
Required Subordinated Amount $74,920,879.50
Excess Funding Account $0.00
Series 2000-1 Invested Amount at End of Period (net of EFA) $500,000,000.00
Available Subordinated Amount (previous period) $0.00
Incremental Subordinated Amount (previous period) $0.00
RESERVE FUND AND YIELD SUPPLEMENT ACCOUNT
-----------------------------------------
Yield Supplement Account Initial Deposit $1,750,000.00
Yield Supplement Account Beginning Balance $1,750,000.00
Yield Supplement Account Required Amount $1,750,000.00
Reserve Account Initial Deposit $1,750,000.00
Reserve Account Required Amount $1,750,000.00
Reserve Account Beginning Balance $1,750,000.00
Outstanding Carryover Amount - Beginning Balance $0.00
Withdrawal from Yield Supplement Account $0.00
Outstanding Carryover Amount - Ending Balance $0.00
Yield Supplement Account Balance - Ending Balance $1,750,000.00
Yield Supplement Account Deposit Amount $0.00
Withdrawal from Reserve Account $0.00
Reserve Account Ending Balance $1,750,000.00
Reserve Account Deposit Amount $0.00
1-month LIBOR Rate (annualized) 6.6200000%
Certificate Coupon (annualized) 6.7750%
Prime Rate (annualized) 9.5000000%
Servicing Fee Rate (annualized) 1.000%
Excess Spread 2.0650000%
TRUST PRINCIPAL RECEIVABLES
---------------------------
Pool Balance at the Beginning of Period $694,836,000.11
Pool Balance at the Ending of Period $644,748,793.68
Average Aggregate Principal Balance $669,792,396.90
Aggregate Principal Collections $357,768,165.65
New Principal Receivables $307,680,959.22
Receivables Added for Additional Accounts $0.00
Noteholder Default Amount $0.00
Net Losses $0.00
Noteholder Charge-offs $0.00
Miscellaneous Paymnets (Adjustments and Transfer deposit amounts) $0.00
Non-Principal Collections & Inv. Proceeds treated as Available Noteholder $0.00
Principal Collections
Monthly Interest Accrued, but not paid $0.00
Ineligible Receivables $0.00
Excess Funding Account at Date of Determination $0.00
Defaulted Receivables in Ineligible and Overconc. Accounts $0.00
MISCELLANEOUS DATA
------------------
Recoveries on Receivables Written Off $0.00
Spread Over Prime for Portfolio 0.34%
Weighted Average Interest Rate 9.84%
Previously waived Monthly Servicing Fee $0.00
</TABLE>
<TABLE>
<CAPTION>
PORTFOLIO CHARGE OFF RATE AT COLLECTION PERIOD END
-------------------------------------------------
<S> <C>
Net losses as a % of Avg. Receivables Balance (annualized) 0.00%
PORTFOLIO AND DEALERSHIP STATISTICS
-----------------------------------
Used Vehicle Receivables' Balance $37,680,629.55
Used Vehicle Percentage 5.844%
Used Vehicle Percentage During Last Collection Period
Early Amortization Event NO
Largest Dealer or Dealer Affiliation Balance $26,885,523.13
Largest Dealer Percentage 3.869%
Aggregate Principal Amount of Receivables of Dealers over 2% $31,741,373.24
SUMMARY OF COLLECTIONS
----------------------
Aggregate Amount of Collections $363,124,638.31
Aggregate Amount of Non-principal Collections (including insurance proceeds & rebates) $5,356,472.66
Investment Proceeds $0.00
Aggregate Amount of Principal Collections $357,768,165.65
Asset Receivables Rate 22.787%
Use Asset Receivables Rate? NO
Carryover Amount (this Distribution Date) N/A
PAYMENT RATE INFORMATION
---------------------------
Monthly Payment Rate 53.41%
Previous Collection Period Monthly Payment Rate
Monthly Payment Rate 2 collection periods ago
3-month Average Payment Rate 43.18%
Early Amortization Event? NO
ACCUMULATION PERIOD/EARLY AMORTIZATION PERIOD
---------------------------------------------
Extend Revolving Period? YES
Last Day of Revolving Period N/A
Invested Amount as of Last Day of Revolving Period N/A
Accumulation Period Length (months) N/A
First Accumulation Date TO BE DETERMINED
Expected Final Payment Date N/A
Required Participation Percentage 104.00%
Prinicipal Funding Account Balance $0.00
Principal Payment Amount $0.00
Controlled Accumulation Amount $0.00
TOTAL AMOUNT DISTRIBUTED ON SERIES 2000-1
-----------------------------------------
Noteholders
-----------
1. Monthly Noteholder Interest Distribution $1,035,069.44
2. Noteholder Monthly Servicing Fee Distribution $416,666.67
3. Reserve Account Deposit Amount Distribution $0.00
4. Noteholder Default Amount Distribution $0.00
5A Unreimbursed Noteholder Charge-offs (net of Series Allocable Misc. Pmts) $0.00
5B. Reinstate reductions in Series 2000-1 Available Subord. Amount $0.00
6. Outstanding Carryover Amount Distribution $0.00
7. Yield Supplement Account Deposit Amount Distribution $0.00
8. Previuosly waived Monthly Servicing Fee Distribution $0.00
-----
Excess Servicing $ 2,702,186.09
DEFICIENCY AMOUNT
-----------------
Deficiency Amount $0.00
Required Subordinated Draw Amount $0.00
EXCESS FUNDING ACCOUNT
----------------------
Withdrawals to purchase Receivables (Since Issuance Date) $0.00
Additions in connection with a reduction in Receivables $0.00
Transfers to Principal Funding Account $0.00
</TABLE>
<PAGE>
VW CREDIT, INC. -- SERVICER Page 2
21-Aug-00
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
Summary
-------
Collections Accrual Distribution
----------- --------- -------------
From: 10-Aug-00
To: 20-Aug-00
Days: 11
LIBOR Rate 6.6200000%
(1 month)
Series # 1 Active
VCI Rating: N/A
TRUST AND SERIES ALLOCATIONS - BEGINNING OF PERIOD
--------------------------------------------------
<TABLE>
<CAPTION>
Series Required Required Outstanding
Series Series Allocation Invested Subordinated Participation Participation Note
Number Name Percentage Amount Amount Percentage Amount Balance
----- ------------ ---------- -------- ------------ ------------- --------------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C>
Trust $500,000,000.00 $74,920,879.50 N/A $594,920,897.50
1 Series 2000-1 100.00% $500,000,000.00 $74,920,879.50 104.00% $594,920,879.50 $500,000,000.00
</TABLE>
<PAGE>
VW CREDIT INC., -- SERVICER
21-Aug-00
Page 3
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
SERVICING CERTIFICATE
---------------------
<TABLE>
<CAPTION>
INITIAL AMOUNTS EXCESS SPREAD CALCULATION
--------------- --------------------------
<S> <C> <C> <C>
Initial Invested Amount $500,000,000.00 Weighted Average Rate Charged to 9.840%
Invested Amount $500,000,000.00 LIBOR 6.620%
Controlled Accumulation Amount $0.00 Note Rate (LIBOR+15.5 b.p.) 6.775%
Required Subordinated Amount $74,920,879.50 Servicing Fee Rate 1.000%
Annualized Servicing Fee Rate 1.00% Investor Net Losses 0.000%
-------
First Controlled Accumulation Date TO BE DETERMINED Excess Spread 2.065%
Accumulation Period Length (months) N/A
Expected Final Payment Date N/A
Initial Settlement Date 10-Aug-00
Required Participation Percentage 104.00%
Subordinated Percentage 9.5890%
</TABLE>
<TABLE>
<CAPTION>
SERIES 2000-1 MONTHLY REPORTING
-------------------------------
Required Excess
Series 2000-1 Invested Subordinated Funding
Principal Receivables Total Amount Amount Amount
--------------------- ----- ------- ------ ------
<S> <C> <C> <C> <C>
Series Allocation Percentage 100.00%
Beginning Balance $500,000,000.00 $500,000,000.00 $74,920,879.50 $ 0.00
Floating Allocation Percentage 77.55% 77.55%
Principal Allocation Percentage N/A N/A
Principal Collections $357,768,165.65 $357,768,165.65 N/A N/A
New Principal Receivables $307,680,959.22 $307,680,959.22 N/A N/A
Principal Default Amounts $0.00 $0.00 N/A N/A
Receivables Added for Additional Accounts $0.00 $0.00 N/A N/A
Controlled Deposit Amount $0.00 N/A N/A N/A
"Pool Factor" 100.00000000%
Ending Balance $500,000,000.00 $500,000,000.00 $74,920,879.50 $0.00
Floating Allocation Percentage 77.55% 77.55%
Non-Principal Receivables
-------------------------
Non-Principal Collections $4,153,922.20
Recoveries on Receivables Written Off $0.00
Investment Proceeds $0.00
</TABLE>
<PAGE>
Page 4
VW CREDIT, INC. -- SERVICER
21-Aug-00
VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2000-1
SERVICING CERTIFICATE
---------------------
<TABLE>
<CAPTION>
Subordinated Amount & Reserve Fund Current Previous
---------------------------------- ------- --------
<S> <C> <C>
Available Subordination Amount (Previous) $0.00 $0.00
Required Subordination Draw Amount $0.00 $0.00
Reserve Account Funds to Noteholder $0.00 $0.00
Default Amount
Non-principal Collections & Inv. $0.00 $0.00
---- ----
Proceeds treated as Available
Noteholder Principal Collections
(1) Subtotal $0.00 $0.00
(2) Subordination Percentage* Series $47,945,205.48 $0.00
2000-1 Invested Amount
(a) lower of (1) or (2) $0.00 $0.00
(b) Incremental Subordinated Amount $0.00 $0.00
(previous period)
(c) Incremental Subordinated Amount $26,975,674.02 $0.00
(d) Payments from Excess Funding $0.00 $0.00
Account to Residual Interestholder
$26,975,674.02 $0.00
Available Subordinated Amount
Overconcentration Amount $31,741,373.24 $0.00
Beginning Reserve Account Balance $1,750,000.00 $0.00
Reserve Account Required Amount $1,750,000.00 $0.00
Withdrawal from Reserve Account $0.00 $0.00
Reserve Account Deposit Amount $0.00 $0.00
Reserve Fund Deposit Amount $0.00 $0.00
Ending Reserve Account Balance $1,750,000.00 $0.00
Required Non-Principal Distributions
------------------------------------
Available Non-Principal Collections $5,356,472.66 $0.00
Noteholder Non-Principal Collections $4,153,922.20 $0.00
Residual Interestholder Non- $1,202,550.46 $0.00
Principal Collections
Investment Proceeds $0.00 $0.00
Reserve Fund Balance $ 1,750,000.00 $0.00
-------------- -----
Total Non-Principal Available $ 7,106,472.66 $0.00
Interest Shortfall $0.00 $0.00
Additional Interest $0.00 $0.00
Carry-over Amount $0.00 $0.00
Carry-over Shortfall $0.00 $0.00
Additional Interest on Carry-over $0.00 $0.00
Shortfall
Monthly Servicing Fee $537,290.66 $0.00
Noteholder Monthly Servicing Fee $416,666.67 $0.00
</TABLE>
