<PAGE>
Exhibit 20.1
Page 1 of 6
MONTHLY SERVICER AND SETTLEMENT CERTIFICATE #62
DEALER NOTE MASTER TRUST
CLASS A, DEALER NOTE
ASSET BACKED CERTIFICATES
SERIES 1995-1
Under the Series 1995-1 Supplement dated as of June 8, 1995 (the
"Supplement") by and among Navistar Financial Corporation, ("NFC"),
Navistar Financial Securities Corporation ("NFSC") and The Bank of New
York, as trustee (the "Master Trust Trustee") to the Pooling and Servicing
Agreement dated as of June 8, 1995 (as amended and supplemented, the
"Agreement") by and among NFC, NFSC, the Master Trust Trustee and The Chase
Manhattan Bank, as 1990 Trust Trustee, the Master Trust Trustee is required
to prepare certain information each month regarding current distributions
to certain accounts and payments to Series 1995-1 Certificateholders as
well as the performance of the Master Trust during the previous month. The
information which is required to be prepared with respect to the
Distribution Date of October 25, 2000, the Transfer Date of October 24,
2000 and with respect to the performance of the Master Trust during the Due
Period ended on September 30, 2000 and the Distribution Period ended
October 25, 2000 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per
Investor Certificate. Certain other information is presented based on the
aggregate amounts for the Master Trust as a whole. Capitalized terms used
but not otherwise defined herein shall have the meanings assigned to such
terms in the Agreement and the Supplement.
1. NFC is Servicer under the Agreement.
2. The undersigned is a Servicing Officer
3. Master Trust Information:
3.1 The amount of the Advance, if any, for the Due 852,729.30
Period
3.2 The amount of NITC Finance Charges for the Due 3,539,210.29
Period
3.3 The average daily balance of Dealer Notes 1,069,939,835.09
outstanding during the Due Period
3.4 The total amount of Advance Reimbursements for 0.00
the Due Period
3.5 The aggregate principal amount of Dealer Notes 306,880,804.18
repaid during the Due Period.
3.6 The aggregate principal amount of Dealer Notes 245,465,041.46
purchased by the Master Trust during the Due
Period.
3.7 The amount of the Servicing Fee for the Due 883,816.41
Period.
3.8 The average daily Master Trust Seller's 172,070,460.94
Interest during the Due Period.
<PAGE>
Exhibit 20.1
Page 2 of 6
3.9 The Master Trust Seller's Interest as of the 164,670,460.94
Distribution Date (after giving effect to the
transactions set forth in Article IV of the
Supplement).
3.10 The aggregate amount of Collections for the 357,646,998.30
Due Period.
3.11 The aggregate amount of Finance Charge 9,419,435.23
Collections for the Due Period.
3.12 The aggregate amount of Principal Collections 348,227,563.07
for the Due Period.
3.13 The amount of Dealer Note Losses for the Due 0.00
Period.
3.14 The aggregate amount of Dealer Notes as of the 1,060,685,763.38
last day of the Due Period.
3.15 The aggregate amount of funds on deposit in 41,346,758.89
the Excess Funding Account as of the end of
the last day of the Due Period (after giving
effect to the transactions set forth in
Article IV of the Supplement and Article IV of
the Agreement.
3.16 Eligible Investments in the Excess Funding
Account:
a. The aggregate amount of funds invested in 0.00
Eligible Investments.
b. Description of each Eligible Investment. 0.00
c. The rate of interest applicable to each 0.00%
such Eligible Investment.
d. The rating of each such Eligible Investment 0.00
3.17 The aggregate amount of Dealer Notes issued 11,755,915.69
to finance OEM Vehicles, as of the end of the
Due Period.
3.18 The Dealers with the five largest aggregate
outstanding principal amounts of Dealer Notes
in the Master Trust as of the end of the Due
Period.
i) Southland International Trucks
ii) Longhorn International Trucks Ltd.
iii) Southwest International Trucks Inc.
iv) Rechtein International Trucks Inc.
v) Freund Equipment Inc.
3.19 Aggregate amount of delinquent principal 1.06%
payments (past due greater than 30 days) as a
percentage of the total principal amount
outstanding, as of the end of the Due Period.
<PAGE>
Exhibit 20.1
Page 3 of 6
4.0 Series 1995-1 Information
4.1 The Deficiency Amount as of the Transfer Date 0.00
(after giving effect to the transactions set
forth in Article IV of the Supplement).
4.2a The Maximum Subordinated Amount as of the 31,000,000.00
Transfer Date (after giving effect to the
transactions set forth in Article IV of the
Supplement).
4.2b The Available Subordinated Amount as of the 31,000,000.00
Transfer Date (after giving effect to the
transactions set forth in Article IV of the
Supplement)
4.3 The Projected Spread for the following 2,500,000.00
Distribution Period.
4.4 The amount on deposit in the Spread Account as 2,500,000.00
of the Transfer Date (after giving effect to
the transactions set forth in Article IV of
the Supplement).
4.5 The aggregate amount on deposit in the 0.00
Liquidity Reserve Account as of the
Transfer Date (after giving effect to the
transactions set forth in Article IV of the
Supplement.
4.6 The aggregate amount on deposit in the 0.00
Negative Carry Reserve Fund as of the Transfer
Date (after giving effect to the transactions
set forth in Article IV of the Supplement).
4.7 The Invested Amount as of the Distribution 200,000,000.00
Date (after giving effect to the transactions
set forth in Article IV of the Supplement and
to the payments made on the Distribution Date).
4.8 The amount of Series Allocable Dealer Notes 0.00
Losses for the Due Period.
4.9 The amount of Series Allocable Finance Charge 2,069,449.92
Collections for the Due Period.
4.10 The amount of Series Allocable Principal 76,505,595.61
Collections for the Due Period.
4.11 The amount of Series Principal Account Losses 0.00
for the Due Period.
4.12 The amount of Investor Dealer Note Losses for 0.00
the Due Period.
4.13 The amount of Investor Finance Charge 1,709,365.63
Collections for the Due Period.
<PAGE>
Exhibit 20.1
Page 4 of 6
4.14 The amount of Investor Principal Collections 63,193,621.97
for the Due Period.
4.15 The amount of Available Certificateholder's 1,804,294.51
Interest Collections for the Due Period.
4.16 The amount of Series 1995-1 Shared Principal 63,193,621.97
Collections for the Due Period.
4.17 The aggregate amount of the Series 1995-1 0.00
Principal Shortfall, if any, for the Due
Period.
4.18 The Seller's Percentage for the Due Period. 17.40%
4.19 The Excess Seller's Percentage for the Due 2.63%
Period.
4.20 The aggregate amount of Seller's Principal 13,311,973.64
Collections for the Due Period.
4.21 The amount of Available Seller's Finance 367,741.25
Charge Collections for the Due Period.
4.22 The aggregate amount of Available Seller's 11,299,876.47
Principal Collections for the Due Period.
4.23 The aggregate amount of Excess Seller's 2,012,097.16
Principal Collections for the Due Period
4.24 The Controlled Amortization Amount, if 0.00
applicable, for the Due Period.
4.25 The Minimum Series 1995-1 Master Trust 41,752,464.06
Seller's Interest as of the Distribution Date
(after giving effect to the transactions set
forth in Article IV of the Supplement).
4.26 The Series 1995-1 Allocation Percentage for 21.97%
the Due Period.
4.27 The Floating Allocation Percentage for the Due 82.60%
Period.
4.28 The Principal Allocation Percentage, if 0.00%
applicable, for the Due Period.
4.29 The total amount to be distributed on the 1,314,727.48
Series 1995-1 Certificates on the Distribution
Date.
4.30 The total amount, if any, to be distributed on 0.00
the Series 1995-1 Certificates on the
Distribution Date allocable to the Invested
Amount.
<PAGE>
Exhibit 20.1
Page 5 of 6
4.31 The total amount, if any, to be distributed 1,154,323.33
on the Series 1995-1 Certificates on the
Distribution Date allocable to interest on
the Series 1995-1 Certificates.
4.32 The Draw Amount as of the Transfer Date. 0.00
4.33 The amount of Investor Charge-Offs as of the 0.00
Transfer Date.
4.34 The amount of reimbursement of Investor 0.00
Charge-Offs as of the Transfer Date.
4.35 The amount of the Investor Servicing Fee to be 160,404.15
paid on such Distribution Date.
4.36 The aggregate amount of funds on deposit in 0.00
the Negative Carry Reserve Account as of the
end of the last day of the Due Period (after
giving effect to the payments and adjustments
made pursuant to Article IV of the Supplement
and of the Agreement).
4.37 The aggregate amount of funds on deposit in 0.00
the Series Principal Account as of the end of
the last day of the Due Period (after giving
effect to the payments and adjustments made
pursuant to Article IV of the Supplement and
of the Agreement).
4.38 The aggregate amount of funds on deposit in 2,500,000.00
the Spread Account as of the end of the last
day of the Due Period (after giving effect to
payments and adjustments made pursuant to
Article IV of the Supplement and the
Agreement).
4.39 Eligible Investments in the Series Principal
Account:
a. The aggregate amount of funds invested in 0.00
Eligible Investments.
b. Description of each Eligible Investment: NA
c. The rate of interest applicable to each _______%
such Eligible Investment.
d. The rating of each such Eligible NA
Investment.
4.40 Eligible Investments in the Liquidity Reserve
Account:
a. The aggregate amount of funds invested in 0.00
Eligible Investments.
b. Description of each Eligible Investment: NA
<PAGE>
Exhibit 20.1
Page 6 of 6
c. The rate of interest applicable to each _______%
such Eligible Investment.
d. The rating of each such Eligible NA
Investment.
4.41 The amount of Excess Interest Collections for 489,567.02
the Due Period.
4.42 The amount of Investor Principal Collections 63,193,621.97
treated as Shared Principal Collections for
the Due Period.
4.43 The amount of Excess Interest Collections for 0.00
the Due Period allocated to other Series.
4.44 The amount of Investor Principal Collections 0.00
treated as Shared Principal Collections for
the Due Period allocated to Other Series.
4.45 The percentages and all other information NA
calculated pursuant to Sections 6.01 and 7.01
of the Supplement.
4.46 The amount of Remaining Available Seller's 0.00
Principal Collections for the Due Period.
4.47 The amount of Series 1995-1 Shared Seller's 13,311,973.64
Principal Collections for the Due Period.
4.48 The aggregate amount of Shared Seller's 0.00
Principal Collections from Other Series for
the Due Period.
4.49 The amount of all Shared Seller's Principal 0.00
Collections allocated to Series 1995-1 for the
Due Period.
4.50 The aggregate amount of all Shared Seller's 0.00
Principal Collections allocated to Other
Series for the Due Period.
4.51 The aggregate amount of all Early Distribution 0.00
Amounts paid or deemed paid for the
Distribution Period.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
certificate this 11th day of October 2000.
NAVISTAR FINANCIAL CORPORATION,
As Servicer
By: R. Wayne Cain
Vice President & Treasurer
