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EXHIBIT 99.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) |__|
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
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NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 51-0337491
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
Navistar Financial Retail Receivables Corporation
2850 W. Golf Road
Rolling Meadows, IL 60008
(Address of principal executive offices) (Zip code)
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Asset Backed Notes
(Title of the indenture securities)
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1. General information. Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervising authority to which it
is subject.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York,
New York N.Y. 10006, and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York,
N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
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(b) Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission,
are incorporated herein by reference as an exhibit hereto, pursuant to
Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and
17 C.F.R. 229.10(d).
1. A copy of the Organization Certificate of The Bank of New York (formerly
Irving Trust Company) as now in effect, which contains the authority to
commence business and a grant of powers to exercise corporate trust
powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with
Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed
with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed
with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)
7. A copy of the latest report of condition of the Trustee published
pursuant to law or to the requirements of its supervising or examining
authority.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
a corporation organized and existing under the laws of the State of New York,
has duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 18th day of October, 2000.
THE BANK OF NEW YORK
By: /s/ STEPHEN J. GIURLANDO
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Name: STEPHEN J. GIURLANDO
Title: VICE PRESIDENT
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business June 30, 2000,
published in accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
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Dollar Amounts
ASSETS In Thousands
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Cash and balances due from depository
institutions:
Noninterest-bearing balances and currency
and coin..................................................... $ 4,133,121
Interest-bearing balances...................................... 4,153,905
Securities:
Held-to-maturity securities.................................... 908,946
Available-for-sale securities.................................. 4,889,160
Federal funds sold and Securities purchased
under agreements to resell..................................... 4,471,741
Loans and lease financing receivables:
Loans and leases, net of unearned
income.......................................... 38,423,509
LESS: Allowance for loan and
lease losses.................................... 590,846
LESS: Allocated transfer risk
reserve......................................... 12,596
Loans and leases, net of unearned income,
allowance, and reserve....................................... 37,820,067
Trading Assets................................................... 11,028,326
Premises and fixed assets (including
capitalized leases)............................................ 722,622
Other real estate owned.......................................... 6,351
Investments in unconsolidated subsidiaries
and associated companies....................................... 166,189
Customers' liability to this bank on
acceptances outstanding........................................ 1,154,448
Intangible assets................................................ 1,338,942
Other assets..................................................... 3,392,303
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Total assets..................................................... $74,186,121
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LIABILITIES
Deposits:
In domestic offices............................................ $28,759,739
Noninterest-bearing..................................12,991,192
Interest-bearing.....................................15,768,547
In foreign offices, Edge and Agreement
subsidiaries, and IBFs....................................... 26,421,204
Noninterest-bearing.....................................550,232
Interest-bearing.....................................25,870,972
Federal funds purchased and Securities sold
under agreements to repurchase................................. 1,619,310
Demand notes issued to the U.S. Treasury......................... 100,000
Trading liabilities.............................................. 2,337,972
Other borrowed money:
With remaining maturity of one year or
less......................................................... 1,754,237
With remaining maturity of more than one
year through three years..................................... 0
With remaining maturity of more than
three years.................................................. 31,080
Bank's liability on acceptances executed and
outstanding.................................................... 1,155,970
Subordinated notes and debentures................................ 1,652,000
Other liabilities................................................ 4,169,081
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Total liabilities................................................ 68,000,593
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EQUITY CAPITAL
Common stock..................................................... 1,135,284
Surplus.......................................................... 956,428
Undivided profits and capital reserves........................... 4,156,469
Net unrealized holding gains (losses) on
available-for-sale securities.................................. (33,142)
Accumulated net gains (losses) on cash flow
hedges......................................................... 0
Cumulative foreign currency translation
adjustments.................................................... (29,511)
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Total equity capital............................................. 6,185,528
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Total liabilities and equity capital............................. $74,186,121
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Thomas J. Mastro
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
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Thomas A. Renyi |
Gerald L. Hassell | Directors
Alan R. Griffith ___|
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