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Previous: GLENBOROUGH REALTY TRUST INC, DEF 14A, 1997-04-07 |
Next: MONTEREY BAY BANCORP INC, DEF 14A, 1997-04-07 |
<PAGE>
Exhibit Index
THIS DOCUMENT IS A COPY OF THE EXHIBIT 99.1 TO FORM 10-K FILED ON MARCH 31, 1997
IN PAPER PURSUANT TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION
99.1 (CE) Trustee's Reports for the payment periods ending in
September, October, November and December 1996 and January,
February and March 1997, each of which contains the Servicer's
Report for such period
<PAGE>
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING CORP II-96 Page 2
MONTHLY SERVICER REPORT 19-Sep-96
September 20, 1996 02:22 PM
MONTHS IN PROGRESS 1
Line
<S> <C> <C>
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 235,449,177.00
1/2 Less: Lease Receivables - current month 6,714,057.14
1/3 Add: Actual Interest Payment (Weighted Avg A, B & C notes) 916,450.71
1/4 Add: 0.75% Servicing Component 125,283.21
1/5 Less: Current month Nonperforming 171,876.93
1/5a Less: Warranty Leases 8,016,828.19
1/6 Less: Amounts on Early Terminations 1,411,919.19
1/7 Add: Amounts due to Substitutions 8,188,728.27
1/8 Add: Amounts due to Additions leases (Prepaid Leases) 1,411,898.68
1/9 Ending Net Present Value 229,776,856.43
2 Overdue Lease Payments - see computer detail
2/1 Beginning Balance 368,873.83
2/2 (Memo) Overdue Payments Received 204,559.54
2/3 Less: Reimbursed Per This Report 204,559.54
2/4 Less: Past Dues on Disqualified Leases - Early Terminations 346,670.73
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 280,470.08
2/6 Add: Last Month's Current Payments that became Past Due 1,379,480.90
2/7 Add: Received on Replacement Leases 25,170.88
2/8 (MEMO) Net New Advances 1,379,480.90
2/9 Ending Balance 941,825.26
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,481,442.39
3/2 Less: Amount Used -
3/3 Ending Maximum Availability 16,481,442.39
3/4 (Memo) Amount Realized 229,508.41
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases substituted 1,469,046.47
3/6 LTD Residuals of Substitutions 1,734,494.97
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,968,297.24
4/2 Less: Applied to Current from Prepaid 1,630,963.34
4/3 Less: Advance on Disqualified Leases 165,821.86
4/4 Add: Received This Month 786,222.27
4/5 Add: Received on Replacement Leases 144,358.10
4/6 Ending Balance 3,102,092.41
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases only) OVER 5.0 Y/N
5/2 Overdue payments and PV on leases over 62 but less than 122 days 450,609.77
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING CORP II-96 Page 3
MONTHLY SERVICER REPORT 19-Sep-96
September 20, 1996 02:22 PM
<S> <C> <C>
5/3 PV of performing leases 229,776,856.43
5/4 Delinquency Rate Current Month 0.20%
5/5 Second Preceding Month -
5/6 Third Preceding Month -
5/7 Average 0.20%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,943,114.71
6/2 Less: New Obligations: Total Shortfall (B9) -
6/3 Plus: Interest earned on Cash Reserve Acct. 759.72
6/4 Ending Balance 2,943,874.43
6/5 1.25% of Outstanding Note Value 2,872,210.71
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,872,210.71
6/8 Cash Reserve Release (6/4-6/7) 71,663.73
6/9 Ending Balance Cash Reserve Account 2,872,210.71
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
7/4 Ending Balance -
8 Nonperforming Leases
8/1 Beginning Balance of Nonperforming Leases -
8/2 Plus Current Month Additions -
8/3 Plus Past Due Payments of Non Performing Leases -
8/4 Less Current Month Recoveries -
8/5 Ending Balance -
Cash Receipts
Line
A/1 Regular monthly payments 4,815,312.37
A/2 Overdue payments 204,559.54
A/3 Overdue Payments due on Early Termination and Termed Out Leases (From Seller) 346,670.73
A/4 Advance Payments of monthly rentals 556,713.86
A/5 Residual Values 229,508.41
A/6 Recoveries on Defaulted Leases -
A/7 Proceeds from investment of Collection Account funds -
A/8 Draws upon Residual Account -
A/9 Casualty and Termination Payments -
A/10 Servicer Advances 1,379,480.90
A/11 Total Receipts 7,532,245.81
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING CORP II-96 Page 4
MONTHLY SERVICER REPORT 19-Sep-96
September 20, 1996 02:22 PM
<S> <C> <C>
B Disbursement Requirements
Line
B/1 Past Due Payments Collected, Due Servicer (COLLECTION ACCT) 204,559.54
B/2 Overdue Payments Advanced, on Disqualified Leases (COLLECTION ACCT) 627,140.81
B/3 Servicing Fee (COLLECTION ACCOUNT) 125,283.21
B/4 Advance Payments on Disqualified Leases (COLLECTION ACCOUNT) 165,821.86
B/5 Total to Servicer 1,122,805.46
B/6 Collections Account - Advanced Rents (Monthly-Increase/(Decrease)) (866,204.83)
B/7 Net Cash receipts 7,275,645.22
B/8 Shortfall (1/1-1/9+C/1+C/2+C/3-B/7) -
B/9 Draw on Cash Reserve -
B/10 Draw on Residual Account -
B/11 Total Available Funds 7,275,645.22
C Noteholders
C/1 Class A Interest Paid 5.99% 832,412.77
C/2 Class B Interest Paid 6.26% 56,892.57
C/3 Class C Interest Paid 6.65% 27,145.38
C/4 Beginning Class A Note Balance 214,847,000.00
C/5 Class A Note Value Target (91.25% of 1/9) 209,671,007.48
C/6 Class A Principal Paid (min ((C/4-C/5), B11-C/1-C/2-C/3) 5,175,992.52
C/7 Ending Class A Note Balance 209,671,007.48
C/8 Beginning Class B Note Balance 14,127,000.00
C/9a Class B Note Value Target (6% of 1/9) 13,786,660.77
C/9b Class B Note Value Floor (2.5% of $235,449,177+Cum. Losses-C/12-6/4) -
C/10 Class B Principal Paid (min ((C/8-max (C/9a, C/9b)), B11-C/1-C/2-C/3-C/6)) 340,339.23
C/11 Ending Class B Note Balance 13,786,660.77
C/12 Beginning Class C Note Balance 6,475,177.00
C/13a Class C Note Value Target (2.75% of 1/9) 6,319,188.18
C/13b Class C Note Value Floor (1% of $235,449,177+Cum. Losses-6/4) -
C/14 Class C Principal Paid ((min ((C/12-max (C/13a, C/13b)), B11-C/1-C/2-C/3-C/6-C10)) 155,988.82
C/15 Ending Class C Note Balance 6,319,188.18
C/16 Balance Available for Distribution to Copelco 686,873.93
D Miscellaneous Tracking Items
D/1 % of Total Nonperforming and Warranty substituted as per Initial Outs. Note Value 3.48%
D/2 (MEMO) Cumulative amounts on Early Lease Terminations due to modification of leases -
D/3 (MEMO) Cumulative amounts of additional leases purchased 1,411,898.68
D/4 (MEMO) Avg. residual realization greater than booked residual by Document Imaging Yes
and Major Accounts division for the last three months (Yes/No)
D/5 % of Total Variance of Residuals substituted for Non-performing & Prepaid leases 0.82%
and residuals of Substituted leases to Initial pool booked residuals
</TABLE>
<PAGE>
MONTHLY ACTIVITY
REPORT
<PAGE>
<TABLE>
<CAPTION>
MONTHLY ACTIVITY BY LEASE
LEASE # ---------------OPENING BALANCE--------------- ---------------CASH APPLICATION--------------- REPLACE, ADD
LEASE # PREPAID CURRENT PAST DUE PREPAID CURRENT PAST DUE OR DISQUAL
<S> <C> <C> <C> <C> <C> <C> <C>
267,267,774.19 556,713.86 204,559.54
6,295,848.91 368,873.83 1,598,066.19 592,383.13-
<CAPTION>
LEASE # ---------------CLOSING BALANCE-------------- DAYS DEL.
LEASE # PREPAID CURRENT PAST DUE
<S> <C> <C> <C>
3,102,092.41 941,825.26
260,541,840.09
</TABLE>
DANKA PRESENT VALUE: .00
PORTFOLIO PRESENT VALUE: 230,184,994.63
% DANKA/TOTAL PORTFOLIO: .00%
<TABLE>
<CAPTION>
TOTAL OPENING RECEIVABLES BALANCE TOTAL CASH APPLICATIONS NET REPLACE/DISQUAL
261,340,799.11 2,359,339.59 592,383,13-
<S> <C> <C> <C> <C>
TOTAL 0-14 DAYS DEL. 15-29 DAYS DEL. 30-44 DAYS DEL. 45-59 DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES -#/% NO - LEASES -#/% NO - LEASES -#/% NO - LEASES -#/% NO - LEASES -#/%
258,381,572.94 244,455,554.59 11,244,776.09 1,444,977.50 723,634.33
100.00% 94.61% 4.35% 0.56% 0.28%
22,270 21,009 921 175 96
100.00% 94.34% 4.14% 0.79% 0.43%
<CAPTION>
TOTAL CLOSING RECEIVABLE BALANCE
258,381,572.94
<S> <C>
60-89 DAYS DEL. 90+ DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES -#/% NO - LEASES -#/%
512,630.43 .00
0.20% 0.00%
69
0.31% 0.00%
</TABLE>
<PAGE>
LEASE QUALIFICATION
REPORT
<PAGE>
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM PRESENT
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM VALUE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
8650611 SAVIN 7640 COPI 52,704.00 52,704.00 .00 .00 .00 47 44,150.99
8650614 SAVIN 9710 REMA 18,900.00 18,900.00 .00 .00 .00 59 15,862.73
8650616 SAVIN 9710 REMA 25,500.00 25,500.00 .00 .00 .00 59 21,402.10
8650617 SAVIN 7340 REMF 20,520.00 20,520.00 .00 .00 .00 59 17,222.40
8650619 SAVIN 9013 COPI 5,400.00 5,400.00 .00 .00 .00 59 4,532.21
8650623 SAVIN 9710 COPI 25,500.00 25,500.00 .00 .00 .00 59 21,402.10
8650624 SAVIN 9710 COPI 25,500.00 25,500.00 .00 .00 .00 59 21,402.10
8650625 SAVIN 7350 COPI 8,550.00 8,550.00 .00 .00 .00 59 7,176.00
8650628 SAVIN 9710 REMA 25,500.00 25,500.00 .00 .00 .00 59 21,402.10
8650629 SAVIN 9710 REMA 25,500.00 25,500.00 .00 .00 .00 59 21,402.10
8654002 VARIOUS EQUIPME 52,861.00 52,805.00 56.00 .00 895.00 59 44,442.72
8678911 VARIOUS EQUIPME 63,933.34 61,776.00 2,157.34 .00 1,872.00 33 57,485.06
8682207 1081 6,012.00 5,845.00 167.00 .00 167.00 35 5,263.97
8706501 SHARP 2116 W/AT 4,871.18 4,748.58 122.60 .00 103.23 46 4,145.02
8714701 RICOH 4215 COPI 3,992.40 3,925.86 66.54 .00 66.54 59 3,304.16
8732901 SAVIN 9035DL CO 11,760.00 11,564.00 196.00 .00 196.00 59 9,732.71
8752701 MINOLTA 9760 18,639.00 18,322.20 316.80 .00 315.90 58 15,463.72
8803002 KONICA 7050 COP 16,272.00 15,820.00 452.00 .00 452.00 35 14,247.40
8847701 VARIOUS EQUIPME 56,444.00 54,832.00 1,612.00 .00 1,192.00 46 47,862.62
8861001 KONICA 2590 COP 3,204.00 2,937.00 267.00 .00 89.00 33 2,660.21
8874401 VARIOUS EQUIPME 17,211.60 16,733.50 478.10 .00 478.10 35 15,070.10
8993101 MINOLTA EP 1080 5,580.00 5,425.00 155.00 .00 155.00 35 4,885.72
9123003 NP 6650 CANON C 14,760.00 14,350.00 410.00 .00 410.00 35 13,254.88
9158702 CANON 4050 COPI 13,334.50 13,461.06 .00 126.56 .00 35 12,113.06
9191901 SAVIN 3640 FAX 1,800.00 1,750.00 50.00 .00 50.00 35 1,576.04
9223601 MINOLTA EP 1081 4,464.00 4,340.00 124.00 .00 124.00 35 3,908.58
9235801 VARIOUS EQUIPME 25,365.60 24,942.84 422.76 .00 422.76 59 20,992.86
TOTAL LEASES: 963 14,270,648.47 627,140.81 297,654.05 9,600,624.31
13,809,329.52 165,821.86
- -----------------------------------------------------------------------------------------------------------------------------------
SUMMARY OF DISQUALIFIED LEASES BY TYPE OF DISQUALIFICATION
- -----------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT 119 1,802,642.63 346,259.65 40,990.87 1,411,919.19
1,600,490.08 144,170.10
- -----------------------------------------------------------------------------------------------------------------------------------
LEGAL 13 171,126.87 6,949.42 4,194.34 159,271.87
182,713.34 18,535.89
<CAPTION>
LEASE# RESIDUAL SECURITY DISQUALIFICATION
VALUE DEPOSIT
<S> <C> <C> <C>
8650611 5926.93 .00 NO PAY RCVD
8650614 2239.34 .00 NO PAY RCVD
8650616 3021.33 .00 NO PAY RCVD
8650617 2431.28 .00 NO PAY RCVD
8650619 639.81 .00 NO PAY RCVD
8650623 3064.91 .00 NO PAY RCVD
8650624 3064.90 .00 NO PAY RCVD
8650625 904.04 .00 NO PAY RCVD
8650628 3064.90 .00 NO PAY RCVD
8650629 3064.90 .00 NO PAY RCVD
8654002 4031.53 .00 NO PAY RCVD
8678911 11812.76 .00 NO PAY RCVD
8682207 829.50 .00 NO PAY RCVD
8706501 629.45 .00 NO PAY RCVD
8714701 479.86 .00 NO PAY RCVD
8732901 1491.45 392.00 NO PAY RCVD
8752701 1.00 .00 NO PAY RCVD
8803002 2321.91 .00 NO PAY RCVD
8847701 7419.09 .00 NO PAY RCVD
8861001 468.65 178.00 NO PAY RCVD
8874401 2269.46 .00 NO PAY RCVD
8993101 780.20 .00 NO PAY RCVD
9123003 2077.70 .00 NO PAY RCVD
9158702 1846.26 .00 NO PAY RCVD
9191901 256.85 100.00 NO PAY RCVD
9223601 615.89 .00 NO PAY RCVD
9235801 3048.75 .00 NO PAY RCVD
TOTAL LEASES: 118,570.99
1,469,046.47
SUMMARY OF
DISQUALIFIED
LEASES BY TYPE
OF
DISQUALIFICATION
PREPAYMENT 17,790.94
205,372.57
LEGAL 5,138.32
11,037.19
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
DELIN090+ 2 15,772.90 1,627.60 406.90
14,145.30 .00
TERMED OUT 5 172.20 411.08 .00
.00 238.88
NO PAY RCVD 824 12,280,933.87 271,893.06 252,061.94
12,011,980.80 2,939.99
TOTAL LEASES: 963 14,270,648.47 627,140.81 297,654.05
13,809,329.52 165,821.86
<CAPTION>
<S> <C> <C> <C>
DELIN090+ 12,605.06 .00
2,178.30
TERMED OUT .00 .00
3,981.75
NO PAY RCVD 8,016,828.19 95,641.73
1,246,476.66
TOTAL LEASES: 9,600,624.31 118,570.99
1,469,046.47
</TABLE>
<PAGE>
LEASE REPLACEMENTS
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 08/30/96 AS OF THE DETERMINATION DATE OF 09/13/96
DEFERRED PRINCIPAL PAYMENT ADDITIONAL LEASE SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIP DESC. AND CODE CODE ST RECEIVABLES RECEIVABLES START DATE YIELD
LESSEE'S NAME ACTUAL PAST DUE DAYS DELIN
CURRENT PREPAID
<S> <C> <C> <C> <C> <C> <C> <C>
1934951 PANASONIC 7117 100 VA 6,240.00 .00 05/02/96 12.06%
CHESAPEAKE CENTER INC, THE 6,240.00 .00 10 DAYS
1966351 SHARP 2022/ADF/ 100 OH 5,664.00 .00 05/10/96 11.50%
HARRISON PAINT CORP 5,664.00 .00 2 DAYS
1969553 COMPUTER EQUIPM 500 NY 3,582.48 .00 07/14/96 14.28%
WEIDLINGER ASSOCIATES, INC. 3,691.04 108.56 32- DAYS
2041502 CANON LC 5500 100 NY 2,784.94 .00 07/18/96 12.81%
JENNIFER DALE INC 2,784.94 .00 6- DAYS
2134602 2-104 SORTER 200 MA 934.40 .00 05/12/96 10.56%
THE BAUMAN GROUP, INC. 934.40 .00 0 DAYS
TOTAL LEASES: 941 13,240,315.64 24,242.52
13,355,948.90 139,875.78
<CAPTION>
LEASE# TERM PAYMENT ORIGINAL COST RESIDUAL
LESSEE'S NAME NET REM DANKA? PRESENT VALUE VAL.
SECURITY DEP
<S> <C> <C> <C> <C>
1934951 37 195.00 6,543.62 981.54
CHESAPEAKE CENTER INC, THE 32 NO 5,668.14 .00
1966351 37 177.00 6,000.00 900.00
HARRISON PAINT CORP 32 NO 5,144.93 354.00
1969553 37 108.56 3,382.00 338.20
WEIDLINGER ASSOCIATES, INC. 34 NO 3,333.64 217.12
2041502 37 81.91 2,712.25 406.84
JENNIFER DALE INC 34 NO 2,515.28 .00
2134602 37 29.20 1,006.90 151.04
THE BAUMAN GROUP, INC. 32 NO 848.77 .00
TOTAL LEASES: 941 316,793.89 12,407,996.36 1,694,078.22
9,212,829.60 116,251.60
</TABLE>
- ------------SUMMARY--------------
AVERAGE TERM REMAINING: 39 MONTHS
TOTAL MONTHLY PAYMENT: 316,793.89
TOTAL RESIDUAL VALUE: 1,694,078.22
TOTAL SECURITY DEPOSITS: 116,251.60
TOTAL PRESENT VALUE: 11,700,194.01
<PAGE>
<TABLE>
<CAPTION>
LEASE# EQUIP DESC. AND CODE CODE ST RECEIVABLES RECEIVABLES START DATE YIELD
LESSEE'S NAME ACTUAL PAST DUE DAYS DELIN
CURRENT PREPAID
<S> <C> <C> <C> <C> <C> <C> <C>
TOTAL LEASES: 36 437,949.70 928.36
CHESAPEAKE CENTER INC, THE 441,503.66 4,482.32
<CAPTION>
LEASE# TERM PAYMENT ORIGINAL COST RESIDUAL
LESSEE'S NAME NET REM DANKA? PRESENT VALUE VAL.
SECURITY DEP.
<S> <C> <C> <C> <C>
TOTAL LEASES: 10,529.04 386,960.96 40,416.75
CHESAPEAKE CENTER INC, THE 387,797.35 8,368.05
</TABLE>
- ------------SUMMARY--------------
AVERAGE TERM REMAINING: 38 MONTHS
TOTAL MONTHLY PAYMENT: 10,529.04
TOTAL RESIDUAL VALUE: 40,416.75
TOTAL SECURITY DEPOSITS: 8,368.05
TOTAL PRESENT VALUE: 387,797.35
<PAGE>
DELINQUENCY REPORT
<PAGE>
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL.
PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C>
8914402 34 2,787.10 84.12
8949401 57 2,570.27 106.97
9072001 39 3,669.03 86.51
9125401 41 5,760.97 125.00
TOTAL PAST DUE PAYMENTS OVER 30 DAYS
TOTAL PAYMENTS: 89,212.31 74,919.41 14,292.90
TOTAL # LEASES: 340
TOTAL PRESENT VALUE: 2,254,385.36
<CAPTION>
LEASE# AND NAME 90 DAYS + DEL.
PAYMENT AMOUNT
<S> <C> <C>
8914402 84.12
8949401 106.97
9072001 86.51
9125401 125.00
TOTAL PAST DUE PAYMENTS
OVER 30 DAYS
TOTAL PAYMENTS: .00 89,212.31
TOTAL # LEASES:
TOTAL PRESENT VALUE:
</TABLE>
<PAGE>
CASH SUMMARY
<PAGE>
FOR THE MONTH ENDED 08/30/96 AS OF THE DETERMINATION DATE OF 09/16/96
LEASE # RESIDUAL
COLLECTED
6916801 769.76
6978550 3,403.83
6997450 355.14
7004850 1,249.76
7007550 1,835.00
7019651 79.20
7049350 125.26
7057550 1,364.75
7098950 1,592.96
7113050 1.00
7173250 1,879.93
7180950 1,979.25
7188903 7,241.37
7197750 719.25
7240450 1.00
7249950 2,482.50
7285800 5,391.75
7322950 1,743.19
7339550 7,148.56
7355650 1,030.48
7379250 983.20
7407750 350.98
7467850 14,743.07
7605005 2,920.79
7680402 3,506.88
7949801 2,088.90
8115301 2,404.31
8436801 2,138.88
8579201 610.29
8650603 3,031.09
8650604 3,015.02
8650606 4,120.89
8650607 3,683.46
8650608 3,064.77
229,508.41
<PAGE>
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING CORP II-96 Page 1
MONTHLY SERVICER REPORT 17-Oct-96
October 20, 1996 12:57 PM
MONTHS IN PROGRESS
Line
<S> <C>
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 229,776,856.43
1/2 Less: Lease Receivables - current month 6,747,503.95
1/3 Add: Actual Interest Payment (Weighted Avg A, B & C notes) 1,219,598.26
1/4 Add: 0.75% Servicing Component 143,610.54
1/5 Less: Current month Nonperforming 472,170.94
1/5a Less: Warranty Leases --
1/6 less: Amounts on Early Terminations 568,932.02
1/7 Add: Amounts due to Substitutions 472,201.00
1/8 Add: Amounts due to Additional leases (Prepaid Leases) 568,977.54
1/9 Ending Net Present Value 224,392,636.85
2 Overdue Lease Payments - see computer detail
2/1 Beginning Balance 941,825.26
2/2/ (Memo) Overdue Payments Received 772,623.89
2/3 Less: Reimbursed Per This Report 772,623.89
2/4 Less: Past Dues on Disqualified Leases-Early Terminations 25,356.65
2/5 Less: Past Dues on Disqualified Leases-Non-Performing and Warranty 60,886.49
2/6 Add: Last Month's Current Payments that became Past Due 809,177.20
2/7 Add: Received on Replacements Leases 14,953.65
2/8 (MEMO) Net New Advances 809,177.20
2/9 Ending Balance 907,089.08
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,481,442.39
3/2 Less: Amount Used 45,096.55
3/3 Ending Maximum Availability 16,436,345.84
3/4 (Memo) Amount Realized 328,245.83
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases substituted 1,632,018.01
3/6 LTD Residuals of Substitutions 2,040,108.95
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,102,092.41
4/2 Less: Applied to Current from Prepaid 839,874.32
4/3 Less: Advance on Disqualified Leases 54,051.51
4/4 Add: Received This Month 1,235,430.85
4/5 Add: Received on Replacement Leases 32,152.00
4/6 Ending Balance 3,475,749.43
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases only) OVER 5.0% Y/N
5/2 Overdue payments and PV on leases over 62 but less than 122 days 876,062.38
5/3 PV of performing leases 224,392,636.85
5/4 Delinquency Rate Current Month 0.39%
5/5 Second Preceding Month 0.20%
5/6 Third Preceding Month -
5/7 Average 0.30%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,872,210.71
6/2 Less: New Obligations: Total Shortfall (B9) -
6/3 Plus: Interest earned on Cash Reserve Acct. 11,243.24
6/4 Ending Balance 2,883,453.95
6/5 1.25% of Outstanding Note Value 2,804,907.96
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,804,907.96
6/8 Cash Reserve Release (6/4-6/7) 78,545.98
6/9 Ending Balance Cash Reserve Account 2,804,907.96
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
7/4 Ending Balance -
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING CORP II-96 Page 2
MONTHLY SERVICER REPORT 17-Oct-96
October 20, 1996 12:57 PM
MONTHS IN PROGRESS
<S> <C>
8 Nonperforming Leases
8/1 Beginning Balance of Nonperforming Leases -
8/2 Plus Current Month Additions -
8/3 Plus Past Due Payments on Non Performing Leases -
8/4 Less Current Month Recoveries -
8/5 Ending Balance -
Cash Receipts
Line
A/1 Regular monthly payments 5,216,929.95
A/2 Overdue payments 772,623.89
A/3 Overdue Payments due on Early Termination and Termed Out Leases (From Seller) 25,356.65
A/4 Advance Payments of monthly rentals 1,136,693.43
A/5 Residual Values 98,737.42
A/6 Recoveries on Defaulted Leases -
A/7 Proceeds from investment of Collection Account funds 28,126.26
A/8 Draws upon Residual Account -
A/9 Casualty and Termination Payments -
A/10 Servicer Advances 809,177.20
A/11 Total receipts 8,087,644.80
Disbursement Requirements
Line
B/1 Past Due Payments Collected, Due Servicer (COLLECTION ACCT) 772,623.89
B/2 Overdue Payments Advanced, on Disqualified Leases (COLLECTION ACCT) 86,243.14
B/3 Servicing Fee (COLLECTION ACCOUNT) 143,610.54
B/4 Advance Payments on Disqualified Leases (COLLECTION ACCOUNT) 54,051.51
B/5 Total to Servicer 1,056,529.08
B/6 Collection Account - Advance Rents (Monthly-(Increase/Decrease)) 373,657.02
B/7 Net cash receipts 6,657,458.70
B/8 Shortfall (1/1/-1/9+C/1+C/2+C/3-B7) -
B/9 Draw on Cash Reserve -
B/10 Draw on Residual Account -
B/11 Total Available Funds 6,657,458.70
C Noteholders
C/1 Class A Interest Paid 5.99% 1,107,761.82
C/2 Class B Interest Paid 6.26% 75,711.75
C/3 Class C Interest Paid 6.65% 36,124.69
C/4 Beginning Class A Note Balance 209,671,007.48
C/5 Class A Note Value Target (91.25% of 1/9) 204,757,907.12
C/6 Class A Principal Paid (min((C/4-C/5), B11-C/1-C/2-C/3) 4,913,100.36
C/7 Ending Class A Note Balance 204,757,907.12
C/8 Beginning Class B Note Balance 13,786,660.77
C/9a Class B Note Value Target (6% of 1/9) 13,463,607.59
C/9b Class B Note Value Floor (2.5% of $235,449,177+Cum. Losses-C/12-6/4) -
C/10 Class B Principal Paid ((min((C/8-max(C/9a, C/9b)), B11-C/1-C/2-C/3-C/6)) 323,053.17
C/11 Ending Class B Note Balance 13,463,607.59
C/12 Beginning Class C Note Balance 6,319,188.18
C/13a Class C Note Value Target (2.75% of 1/9) 6,171,122.15
C/13b Class C Note Value Floor (1% of $235,449,177+Cum. Losses-6/4) -
C/14 Class C Principal Paid (min((C/12-max(C/13a, C/13b)), B/11-C/1-C/2-C/3-C/6- 148,066.04
C/10))
C/15 Ending Class C Note Balance 6,171,122.15
C/16 Balance Available for Distribution to Copelco 53,640.87
D Miscellaneous Tracking Items
D/1 % of Total Nonperforming and Warranty substituted as per Initial Outs. Note 3.68%
Value
D/2 (MEMO) Cumulative amounts on Early Lease Terminations due to modification of -
leases
D/3 (MEMO) Cumulative amounts of additional leases purchased 1,980,876.22
D/4 (MEMO) Avg.residual realization greater than booked residual by Document Yes
Imaging and
Major Accounts division for last three months (Yes/No)
D/5 % of Total Variance of Residuals substituted for Non-performing & Prepaid 1.27%
leases and
residuals of Substituted leases to Initial pool booked residuals
</TABLE>
<PAGE>
MONTHLY ACTIVITY
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 09/30/96 AS OF THE DETERMINATION DATE OF 10/15/96
MONTHLY ACTIVITY BY LEASE
<TABLE>
<CAPTION>
LEASE# ----------OPENING BALANCE-------- ----------CASH APPLICATION-------
LEASE # PREPAID CURRENT PAST DUE PREPAID CURRENT PAST DUE
<S> <C> <C> <C> <C> <C> <C>
9238801 137.0 3,043.0 .00 .0 41.9 .00
9238802 .0 7,446.0 .00 219.0 219.0 .00
9239502 519.9 17,157.3 .00 519.9 519.9 .00
9241301 200.0 6,400.0 .00 .0 .0 .00
9241501 .0 22,910.0 .00 .0 395.0 .00
9241701 .0 4,060.0 .00 116.0 116.0 .00
9244706 .0 1,655.6 .00 .0 61.3 .00
9244707 105.1 1,677.6 .00 .0 57.8 .00
9244708 .0 2,013.4 .00 .0 69.4 .00
9244709 57.6 1,845.4 .00 .0 57.6 .00
9245401 .0 54,404.1 .00 .0 1,133.4 .00
9247001 559.0 19,008.3 .00 .0 559.0 .00
9250201 .0 5,950.0 .00 .0 175.0 .00
9252504 .0 11,960.0 .00 .0 460.0 .00
9253501 625.6 8,764.2 .00 47.1 313.0 .00
9255701 .0 12,000.0 .00 .0 250.0 .00
9256601 .0 4,194.6 .00 .0 135.3 .00
9256901 .0 26,595.8 648.68 .0 648.6 648.60
9257008 1,920.8 11,934.0 .00 .0 1,037.6 .00
9257009 .0 9,956.4 202.80 319.2 311.1 202.80
9257201 255.0 8,925.0 .00 .0 255.0 .00
9267301 204.9 5,328.4 .00 25.8 102.4 .00
9267801 260.0 10,400.0 .00 .0 260.0 .00
9268303 .0 5,582.8 .00 .0 232.6 .00
9268304 .0 4,452.4 .00 .0 139.1 .00
9268305 108.8 3,484.4 .00 .0 108.8 .00
9268801 .0 6,755.0 .00 .0 193.0 .00
9269301 1,770.0 79,650.0 .00 .0 1,770.0 .00
9270401 .0 6,956.0 .00 188.0 188.0 .00
9271001 .0 5,850.0 .00 450.0 225.0 .00
9271202 270.0 8,370.0 .00 .0 270.0 .00
9274201 .0 2,200.0 .00 .0 88.0 .00
9276602 .0 7,650.2 147.12 .0 .0 .00
260,541,840.09 1,136,693.43 772,623.89 3,475,749.43 907,089.08
3,097,325.46 944,561.76 5,216,929.95 15,800.46 253,847,289.93
<CAPTION>
LEASE# REPLACE, ADD ----------CLOSING BALANCE-------- DAYS
LEASE # OF DISQUAL PREPAID CURRENT PAST DUE DEL.
<S> <C> <C> <C> <C> <C>
9238801 .00 89.5 2,953.5 .00 31-
9238802 .00 219.0 7,227.0 .00 42-
9239502 .00 1039.8 16,637.4 .00 61-
9241301 .00 .0 6,200.0 .00 15-
9241501 .00 .0 22,515.0 .00 30-
9241701 .00 116.0 3,944.0 .00 47-
9244706 .00 .0 1,594.3 .00 22-
9244707 .00 105.1 1,619.8 .00 59-
9244708 .00 .0 1,944.0 .00 29-
9244709 .00 57.6 1,787.7 .00 42-
9245401 .00 .0 53,270.7 .00 23-
9247001 .00 559.0 18,449.3 .00 31-
9250201 .00 .0 5,775.0 .00 26-
9252504 .00 .0 11,500.0 .00 11-
9253501 .00 672.7 8,451.2 .00 56-
9255701 .00 .0 11,750.0 .00 20-
9256601 .00 .0 4,059.3 .00 27-
9256901 .00 .0 25,947.2 .00 30-
9257008 .00 441.2 11,492.0 .00 36-
9257009 .00 319.2 9,645.3 .00 53-
9257201 .00 255.0 8,670.0 .00 46-
9267301 .00 230.7 5,225.9 .00 61-
9267801 .00 260.0 10,140.0 .00 36-
9268303 .00 .0 5,350.2 .00 22-
9268304 .00 .0 4,313.3 .00 21-
9268305 .00 108.8 3,375.5 .00 36-
9268801 .00 .0 6,562.0 .00 19-
9269301 .00 1,770.0 77,880.0 .00 31-
9270401 .00 188.0 6,768.0 .00 49-
9271001 .00 450.0 5,625.0 .00 43-
9271202 .00 270.0 8,100.0 .00 43-
9274201 .00 .0 2,112.0 .00 28-
9276602 .00 .0 7,503.1 294.24 33-
</TABLE>
DANKA PRESENT VALUE: .00
PORTFOLIO PRESENT VALUE: 224,783,287.69
% DANKA/TOTAL PORTFOLIO: .00%
<TABLE>
<CAPTION>
TOTAL OPENING RECEIVABLES BALANCE TOTAL CASH APPLICATIONS NET REPLACE/DISQUAL
258,389,076.39 7,126,247.27 15,800.46
TOTAL 0-14 DAYS DEL. 15-29 DAYS DEL. 30-44 DAYS DEL. 45-59 DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/%
<S> <C> <C> <C> <C>
251,278,629.58 239,701,954.66 8,592,045.89 1,033,394.06 887,412.11
100.00% 95.39% 3.42% 0.41% 0.35%
22,218 21,061 766 149 120
100.00% 94.79% 3.45% 0.67% 0.54%
<CAPTION>
TOTAL CLOSING RECEIVABLE BALANCE
251,278,629.58
TOTAL 60-89 DAYS DEL. 90+ DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/%
<S> <C> <C>
251,278,629.58 1,063,822.86 .00
100.00% 0.42% 0.00%
22,218 122
100.00% 0.55% 0.00%
</TABLE>
<PAGE>
LEASE DISQUALIFICATION
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 09/30/96 AS OF THE DETERMINATION DATE OF 10/15/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
SUMMARY OF DISQUALIFIED LEASES BY TYPE OF DISQUALIFICATION
<S> <C> <C> <C> <C> <C> <C>
PREPAYMENT 8 31,602.98 3,140.03 2,064.27
67,238.84 38,775.89
LEGAL 23 198,924.61 15,023.92 5,627.98
194,166.23 10,265.54
DELIN090+ 43 379,815.82 45,862.57 10,393.14
333,953.25 0.00
TERMED OUT 2 175.26 341.60 0.00
0.00 166.34
UPGRADE 25 331,811.55 3,569.00 11,103.69
333,086.29 4,843.74
REBOOKING 15 253,792.00 18,306.02 5,226.18
235,485.98 0.00
TOTAL LEASES: 116 1,196,122.22 86,243.14 34,415.26
1,163,930.59 54,051.51
<CAPTION>
LEASE# TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
REM VALUE VALUE DEPOSIT
SUMMARY OF
DISQUALIFIED
LEASES BY
TYPE OF
DISQUALIFICATION
<S> <C> <C> <C> <C> <C>
PREPAYMENT 60,893.13 232.80
11,037.47
LEGAL 173,302.05 5,267.43
31,857.42
DELIN090+ 298,868.89 4,543.27
32,472.25
TERMED OUT 0.00 313.84
2,257.40
UPGRADE 303,815.73 3,058.10
57,055.71
REBOOKING 204,223.16 4,299.86
28,291.29
TOTAL LEASES: 1,041,102.96 17,715.30
162,971.54
</TABLE>
- ---------------S U M M A R Y ----------------
AVERAGE TERM REMAINING: 40 MONTHS
TOTAL MONTHLY PAYMENT: 34,415.26
TOTAL RESIDUAL VALUE: 162,971.54
TOTAL SECURITY DEPOSIT: 17,715.30
TOTAL PRESENT VALUE: 1,041,102.96
<PAGE>
LEASE REPLACEMENT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 09/30/96 AS OF THE DETERMINATION DATE OF 10/15/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR. AND CODE ST RECEIVABLES RECEIVABLES
LESSEE'S NAME ACTUAL PAST DUE START DATE YIELD
CURRENT PREPAID DAYS DELIN
<S> <C> <C> <C> <C> <C>
TOTAL LEASES: 175 1,281,667.13 14,953.65
1,290,583.55 32,152.00
<CAPTION>
LEASE # TERM
LESSEE'S NAME NET PAYMENT ORIGINAL COST RESIDUAL
REM DANKA? PRESENT VALUE VAL.
SECURITY
DEP.
<S> <C> <C> <C> <C>
TOTAL LEASES: 32,093.36 1,132,459.22 305,613.98
1,041,178.54 25,281.64
</TABLE>
- ----------S U M M A R Y ----------------
AVERAGE TERM REMAINING: 41 MONTHS
TOTAL MONTHLY PAYMENT: 32,093.36
TOTAL RESIDUAL VALUE: 305,613.98
TOTAL SECURITY DEPOSIT: 25,281.64
TOTAL PRESENT VALUE: 1,041,178.54
<PAGE>
DELINQUENCY REPORT
<PAGE>
<TABLE>
<S> <C> <C> <C>
9164602 59 5,259.70 211.40
9276602 33 6,457.85 147.12
TOTAL PAST DUE PAYMENTS OVER
30 DAYS 82,285.44
TOTAL PAYMENTS: 110,085.77
</TABLE>
<TABLE>
<S> <C> <C> <C>
9164602 211.40
9276602 147.12
TOTAL PAST DUE PAYMENTS OVER
30 DAYS 27,800.33 .00 110,085.77
TOTAL PAYMENTS: 110,085.77
</TABLE>
<PAGE>
CASH SUMMARY
<PAGE>
COPELCO CAPITAL FUNDING CORP.LOAN # 500015
FOR THE MONTH ENDED 09/30/96 AS OF THE DETERMINATION DATE OF 10/15/96
<TABLE>
<CAPTION>
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
<S> <C> <C>
7760903 2,762.77 REBOOKED
7840302 1,672.00 PREPAYMENTS
8124302 1,206.71 TERMED OUT
8650601 2,015.43 UPGRADE
8939501 630.95 UPGRADE
PREPAYMENTS 9,215.91
TERMED OUT 1,206.71
UPGRADE 33,314.80
REBOOKED 28,291.29
GRAND TOTAL 127,028.71
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING CORP. II-96 Page 1
MONTHLY SERVICE REPORT 18-Nov-96
November 20, l996
MONTHS IN PROGRESS
Line
<S> <C> <C>
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 224,392,636.85
1/2 Less: Lease Receivable - current month 6,786,885.43
1/3 Add: Actual Interest Payment (Weighted Avg. A, B & C notes) 1,191,020.17
1/4 Add: 0.75% Servicing Component 140,245.40
1/5 Less: Current month Nonperforming 807,554.21
1/5a Less: Warranty Leases -
1/6 Less: Amounts on Early Terminations 974,582.50
1/7 Add: Amounts due to Substitutions 807,571.85
1/8 Add: Amounts due to additional leases (Prepaid Leases) 974,565.23
1/9 Ending Net Present Value 218,937,017.36
2 Overdue Lease Payments-see computer detail
2/1 Beginning Balance 907,089.08
2/2 (Memo) Overdue Payments Received 649,955.97
2/3 Less: Reimbursed Per This Report 649,955.97
2/4 Less: Past Dues on Disqualified Leases - Early Terminations 118,177.47
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 86,377.27
2/6 Add: Last Month's Current Payments that became Past Due 835,208.21
2/7 Add: Received on Replacements Leases 7,800.03
2/8 (MEMO) Net New Advances 835,208.21
2/9 Ending Balance 895,586.61
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,436,345.84
3/2 Less: Amount Used 65,311.41
3/3 Ending maximum Availability 16,371,034.43
3/4 (Memo) Amount Realized 559,401.30
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid
leases substituted 1,917,970.95
3/6 LTD Residuals of Substitutions 2,280,658.76
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,475,749.43
4/2 Less:Applied to Current from Prepaid 1,082,905.04
4/3 Less Advance on Disqualified Leases 137,047.65
4/4 Add: Received This Month 1,120,676.03
4/5 Add: Received on Replacement Leases 18,007.38
4/6 Ending Balance 3,394,480.15
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing
leases only) over 5.0% Y/N
5/2 Overdue payments and PV on leases over 62 but less than 122 days 621,663.72
5/3 PV of performing leases 218,937,017.36
5/4 Delinquency Rate Current Month 0.28%
5/5 Second Preceding Month 0.39%
5/6 Third Preceding Month 0.20%
5/7 Average 0.34%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,804.907.96
6/2 Less: New Obligations: Total Shortfall (B9) -
6/3 Plus: Interest earned on Cash Reserve Acct. 11,384.24
6/4 Ending Balance 2,816,292.20
6/5 1.25% of Outstanding Note Value 2,736,712.72
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5/ & 6/6) 2,736,712.72
6/8 Cash Reserve Release (6/4/-6/7) 79,579.48
6/9 Ending Balance Cash Reserve Account 2,736,712.72
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
7/4 Ending Balance -
8 Nonperforming Leases
8/1 Beginning Balance of Nonperforming Leases -
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING CORP II-96 Page 14
MONTHLY SERVICER REPORT 18-Nov-96
November 20, l996
<S> <C> <C>
8/2 Plus Current Month Additions -
8/3 Plus Past Due Payments on Non Performing Leases -
8/4 Less Current Month Recoveries -
8/5 Ending Balance -
Cash Receipts
Line
A/1 Regular monthly payments 5,101,927.65
A/2 Overdue payments 649,955.97
A/3 Overdue Payments due on Early Termination and Termed
Out Leases (From Seller) 118,177.47
A/4 Advance Payments of monthly rentals 889,520.56
A/5 Residual Values 231,155.47
A/6 Recoveries on Defaulted Leases -
A/7 Proceeds from investment of Collection Account funds 37,072.87
A/8 Draws upon Residual Account -
A/9 Casualty and Termination Payments -
A/10 Servicer Advances 835,208.21
A/11 Total receipts 7,863,018.20
Disbursement Requirements
Line
B/1 Past Due Payments Collected, Due Servicer (COLLECTION ACCT) 649,955.97
B/2 Overdue Payments Advanced, on Disqualified Leases (COLLECTION ACCT) 204,554.74
B/3 Servicing Fee (COLLECTION ACCOUNT) 140,245.40
B/4 Advance payments on Disqualified Leases (COLLECTION ACCOUNT) 137,047.65
B/5 Total to Servicer 1,131,803.76
B/6 Collection Account - Advanced Rents (Monthly-Increase/Decrease) (81,269.28)
B/7 Net cash receipts 6,812,483.72
B/8 Shortfall (1/1-1/9+C/1+C/2+C/3-B/7) -
B/9 Draw on Cash Reserve -
B/10 Draw on Residual Account -
B/11 Total Available Funds 6,812,483.72
C Noteholders
C/1 Class A Interest Paid 6.34% 1,081,804.28
C/2 Class B Interest Paid 6.59% 73,937.65
C/3 Class C Interest Paid 6.86% 35,278.25
C/4 Beginning Class A Note Balance 204,757,907.12
C/5 Class A Note Value Target (91.25% of 1/9) 199,779,654.33
C/6 Class A Principal Paid (min((C/4-C/5),B11-C/1-C/2-C/3)) 4,978,252.79
C/7 Ending Class A Note Balance 199,779,654.33
C/8 Beginning Class B Note Balance 13,463,607.59
C/9a Class B Note Value Target (6% of 1/9) 13,136,270.42
C/9b Class B Note Value Floor (2.5% of $235,449,177+Cum. Losses-C/12-6/4) -
C/10 Class B Principal Paid ((min((C/8-max(C/9a,C/9b)),
B11-C/1-C/2-C/3-C/6)) 327,337.17
C/11 Ending Class B Note Balance 13,136,270.42
C/12 Beginning Class C Note Balance 6,171,122.15
C/13a Class C Note Value Target (2.75% of 1/9) 6,021,092.61
C/13b Class C Note Value Floor (1% of $235,449,177+Cum. Losses-6/4) -
C/14 Class C Principal Paid (min((C/12-max(C/13a,C/13B)),
B/11-C/1-C/2-C/3-C/6-C/10)) 150,029.54
C/15 Ending Class C Note Balance 6,021,092.61
C/16 Balance Available for Distribution to Copelco 165,844.06
D Miscellaneous Tracking Items
D/1 % of Total Nonperforming and Warranty substituted as
per Initial Outs. Note Value 4.02%
D/2 (MEMO) Cumulative amounts on Early Lease Terminations due to
modification of leases -
D/3 (MEMO) Cumulative amounts of additional leases purchases 2,955,441.45
D/4 (MEMO) Avg. residual realization greater than booked residual
by Document Imaging and Major Accounts division for last
three months (Yes/No) Yes
D/5 % of Total Variance of Residuals substituted for Non-performing &
Prepaid leases and residuals of Substituted leases to Initial pool
booked residuals 1.13%
</TABLE>
<PAGE>
MONTHLY ACTIVITY
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
MONTHLY ACTIVITY BY LEASE
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
MONTHLY ACTIVITY BY LEASE
<TABLE>
<CAPTION>
LEASE # -----------OPENING BALANCE---------- -------------CASH APPLICATION-----------
LEASE # PREPAID CURRENT PAST DUE PREPAID CURRENT PAST DUE
<S> <C> <C> <C> <C> <C> <C>
9238802 219.0 7,227.0 .00 .0 .0 .00
9239502 1,039.8 16,637.4 .00 .0 .0 .00
9241301 .0 6,200.0 .00 179.5 200.0 .00
9241501 .0 22,515.0 .00 16.5 395.0 .00
9241701 116.0 3,944.0 .00 .0 116.0 .00
9244706 .0 1,594.3 .00 .0 61.3 .00
9244707 105.1 1,619.8 .00 .0 57.8 .00
9244708 .0 1,944.0 .00 .0 69.4 .00
9244709 57.6 1,787.7 .00 .0 57.6 .00
9245401 .0 53,270.7 .00 487.5 1,133.4 .00
9247001 559.0 18,449.3 .00 .0 559.0 .00
9250201 .0 5,775.0 .00 .0 175.0 .00
9252504 .0 11,500.0 .00 .0 84.2 .00
9253501 672.7 8,451.2 .00 .0 .0 .00
9255701 .0 11,750.0 .00 250.0 250.0 .00
9256601 .0 4,059.3 .00 .0 135.3 .00
9256901 .0 25,947.2 .00 .0 648.6 .00
9257008 441.2 11,492.0 .00 .0 .0 .00
9257009 319.2 9,645.3 .00 .0 .0 .00
9257201 255.0 8,670.0 .00 .0 255.0 .00
9267301 230.7 5,225.9 .00 .0 .0 .00
9267801 260.0 10,140.0 .00 260.0 260.0 .00
9268303 .0 5,350.2 .00 .0 232.6 .00
9268304 .0 4,313.3 .00 .0 139.1 .00
9268305 108.8 3,375.5 .00 .0 108.3 .00
9268801 .0 6,562.0 .00 193.0 193.0 .00
9269301 1,770.0 77,880.0 .00 .0 .0 .00
9270401 188.0 6,768.0 .00 .0 188.0 .00
9271001 450.0 5,625.0 .00 .0 225.0 .00
9271202 270.0 8,100.0 .00 .0 270.0 .00
9273601 .0 .0 .00 .0 .0 .00
9274201 .0 2,112.0 .00 .0 88.0 .00
9276602 .0 7,503.1 294.24 .0 .0 .00
253,847,289.93 889,520.56 649,955.97
3,475,749.43 907.089.08 5,101,927.65 73,372.66-
<CAPTION>
LEASE # REPLACE, ADD -------------CLOSING BALANCE------------- DAYS
LEASE # OR DISQUAL PREPAID CURRENT PAST DUE DEL.
<S> <C> <C> <C> <C> <C>
9238802 .00 .0 7,008.0 .00 12-
9239502 .00 519.9 16,117.5 .00 31-
9241301 .00 179.5 6,000.0 .00 45-
9241501 .00 16.5 22,120.0 .00 30-
9241701 .00 116.0 3,828.0 .00 47-
9244706 .00 .0 1,533.0 .00 22-
9244707 .00 105.1 1,561.9 .00 59-
9244708 .00 .0 1,874.6 .00 29-
9244709 .00 57.6 1,730.1 .00 42-
9245401 .00 487.5 52,137.3 .00 23-
9247001 .00 559.0 17,890.2 .00 31-
9250201 .00 .0 5,600.0 .00 26-
9252504 11,584.23 .0 .0 .00 0
9253501 .00 359.7 8,138.2 .00 56-
9255701 .00 250.0 11,500.0 .00 50-
9256601 .00 .0 3,923.9 .00 27-
9256901 .00 .0 25,298.5 .00 30-
9257008 .00 .0 11,050.0 .79 6-
9257009 .00 8.0 9,334.2 .00 23-
9257201 .00 255.0 .0 .00 46-
9267301 .00 128.3 5,123.5 .00 31-
9267801 .00 520.0 9,880.0 .00 66-
9268303 .00 .0 5,117.6 .00 22-
9268304 .00 .0 4,174.2 .00 21-
9268305 .00 108.8 3,266.7 .00 36-
9268801 .00 193.0 6,369.0 .00 49
0269301 .00 .0 76,110.0 .00 43-
9270401 .00 188.0 6,580.0 .00 49-
9271001 .00 225.0 5,400.0 .00 1-
9271202 .00 270.0 7,830.0 .00 43-
9273601 26,228.96R .0 26,228.9 .00 26-
9274201 .00 .0 2,024.0 .00 28-
9276602 .00 .0 7,356.0 441.36 63
3,394,480.15 895,586.61
73,372.66- 247,062,746.28
</TABLE>
DANKA PRESENT VALUE: .00
PORTFOLIO PRESENT VALUE: 219,325,097.91
% Danka/TOTAL PORTFOLIO: .00
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
MONTHLY ACTIVITY BY LEASE
<TABLE>
<CAPTION>
TOTAL OPENING RECEIVABLES BALANCE TOTAL CASH APPLICATIONS NET REPLACE/DISQUAL
<S> <C> <C>
251,278,629.53 6,641,404.13 73,372.66-
TOTAL CLOSING RECEIVABLE BALANCE
244,563,852.74
</TABLE>
<TABLE>
<CAPTION>
TOTAL 3-14 DAYS DEL. 15-29 DAYS DEL. 30-44 DAYS DEL. 45-59 DAYS DEL.
<S> <C> <C> <C> <C>
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/%
244,563,852.74 232,765,280.95 9,018,537.43 1,313,225.38 746,513.07
100.00% 95.13% 3.69% 0.54% 0.31%
22,169 21,025 807 144 98
100.00% 74.75% 3.64% 0.65% 0.44%
<CAPTION>
TOTAL 60-89 DAYS DEL. 90+ DAYS DEL.
<S> <C> <C>
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/%
244,563,852.74 716,029.67 4,266.24
100.00% 0.29% 0.00%
22,169 114 1
100.00% 0.51% 0.00%
</TABLE>
<PAGE>
LEASE DISQUALIFICATION
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
0165551 MINOLTA EP1080 13,930.22 12,825.00 1,105.22 .00
0364201 NJRATA F86 FAX 2,843.00 2,727.00 116.00 .00
0438103 MINOLTA 3050 CO 7,776.85 7,776.36 .00 .00
0438104 MINOLTA 1080 CO. 2,999.62 2,999.62 .00 .00
0529504 OKIDATA 2400; CA 3,222.40 2,819.60 402.80 .00
0554201 MINOT LAEP 1080 4,892.49 4,950.00 .00 57.51
0789451 KONICA 2130 COP 4,138.03 3,990.00 148.03 .00
0799251 KONICA 2023 10,519.20 9,993.24 525.96 .00
1094456 MAINTENANCE CONT 47.22- 318.00 .00 365.22
1116957 SHARP 2118/ADF 2,797.50 2,797.50 .00 .00
1116958 SHARP 2050/STAP 11,719.00 11,719.00 .00 .00
1116959 SHARP SF 2050/S 12,187.76 12,187.76 .00 .00
1116960 SHARP SF 2050/S 12,187.76 12,187.76 .00 .00
1116961 SHARP SF 2050/S 12,187.76 12,187.76 .00 .00
1116962 SHARP 2060 COPI 18,962.00 18,962.00 .00 .00
1116963 SHARP SD 2060 19,938.47 19,960.00 .00 21.53
1116954 SHARP SD 2060 19,960.00 19,960.00 .00 .00
1116965 SHARP SD 2060 19,960.00 19,960.00 .00 .00
1116966 VARIOUS EQUIPMENT 46,668.40 46,668.40 .00 .00
1116967 VARIOUS EQUIPMENT 35,059.92 35,059.92 .00 .00
1194215 SHARP SF 2027 C 7,344.00 7,072.00 .00 .00
1194216 SHARP 2027 COPI 7,109.35 6,864.20 245.15 .00
1194217 SHARP 2035 COPI 14,657.11 14,130.00 527.11 .00
1194218 SHARP 2050/STAP 19,686.89 18,990.00 696.89 .00
1194219 SHARP SF 2035 C 13,395.51 12,908.70 456.81 .00
1194220 SHARP 2060 COPI 20,256.00 19,623.00 633.00 .00
1252102 MINOLTA EP4050 34,320.00 24,310.00 10,010.00 .00
1372653 RICOH 3213 COPI 228.44 1,148.22 .00 919.73
1372654 RICOH 4222 24.04 2,741.20 .00 2,717.16
1372655 RICOH FT 3213 C 53.65- 928.96 .00 982.61
1439951 LANIER 5713 3,637.09 3,355.04 282.05 .00
1680051 MINOLTA 2050 CO 8,004.26 7,468.80 535.46 .00
2335254 VARIOUS EQUIPMENT 16,300.30 16,224.00 76.30 .00
2499551 MINOLTA 1081 CO 7,768.21 7,181.93 586.28 .00
2615702 VARI0US EQUIPMENT 34,423.50 33,267.00 1,156.50 .00
2760451 USED CANNON 6030 13,035.07 12,775.50 259.57 .00
3070551 MINOLTA EP 4050 14,388.80 14,029.00 359.72 .00
3130051 KONICA 6090 COP 6,304.48 5,819.52 484.96 .00
3465953 VARIOUS EQUIPMENT 1,455.35- 7,818.93 .00 9,274.23
3603453 CANON NP 6650 I 15,210.16 13,992.93 1,217.23 .00
3795451 MINOLTA 9760 CO 35,166.56 33,839.52 1,327.04 .00
3802851 VARIOUS EQUIPMENT 24,028.03 22,695.00 1,333.03 .00
3872451 RICOH 2700L VAX 1,994.33 1,647.49 346.84 .00
3877950 MINOLTA 3050 CO 6,083.43 6,144.98 .00 61.50
3992151 TOSHIBA 3550 CO 19,600.00 19,600.00 .00 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
0165551 285.00 45 11,226.56 1908.48 .00 LEGAL
0364201 101.00 27 2,512.91 520.62 202.00 UPGRADE
0438103 299.11 26 7,187.00 1446.90 .00 UPGRADE
0438104 115.37 26 2,772.10 548.86 .00 UPGRADE
0529504 100.70 28 2,590.78 512.03 .00 DELINQUENTO90+
0554201 150.00 33 4,483.50 882.35 540.00 UPGRADE
0789451 133.00 30 3,645.18 649.84 .00 UPGRADE
0799251 262.98 38 8,923.19 1571.60 525.96 LEGAL
1094456 79.50 4 313.34 1.00 .00 PREPAYMENT
1116957 111.90 25 2,592.78 561.37 .00 UPGRADE
1116958 468.76 25 10,861.41 2290.35 .00 UPGRADE
1116959 468.76 26 11,263.34 2367.45 .00 UPGRADE
1116960 468.76 26 11,263.34 2375.47 .00 UPGRADE
1116961 468.76 26 11,263.34 2375.47 .00 UPGRADE
1116962 499.00 38 16,931.61 2994.00 .00 UPGRADE
1116963 499.00 40 17,721.65 2994.00 .00 UPGRADE
1116954 499.00 40 17,721.65 2813.91 .00 UPGRADE
1116965 499.00 40 17,721.65 2813.91 .00 UPGRADE
1116966 1,166.71 40 41,434.92 6579.19 .00 UPGRADE
1116967 855.12 41 31,039.96 4822.05 .00 UPGRADE
1194215 272.00 26 6,535.60 1364.55 .00 PREPAYMENT
1194216 245.15 28 6,307.14 1152.75 .00 PREPAYMENT
1194217 471.00 30 12,908.89 2221.70 .00 PREPAYMENT
1194218 633.00 30 17,348.88 2985.85 .00 UPGRADE
1194219 430.29 30 11,793.13 1875.00 .00 PREPAYMENT
1194220 633.00 31 17,875.82 3004.75 .00 PREPAYMENT
1252102 715.00 34 21,956.10 4377.55 .00 REBOOKING
1372653 127.58 9 1,114.88 242.09 .00 PREPAYMENT
1372654 391.60 7 2,677.28 1.00 .00 PREPAYMENT
1372655 116.12 8 904.64 334.96 .00 PREPAYMENT
1439951 64.52 52 2,879.55 479.11 140.00 DELINQUENT090+
1680051 155.60 48 6,482.80 1001.72 .00 DELINQUENTO90+
2335254 338.00 48 14,082.18 2485.29 .00 UPGRADE
2499551 146.57 49 6,216.27 1032.18 191.37 DELINQUENTO90+
2615702 853.00 39 29,620.46 5376.04 .00 UPGRADE
2760451 89.55 46 10,922.70 1.00 .00 LEGAL
3070551 359.72 39 12,491.29 2202.36 .00 REBOOKING
3130051 121.24 48 5,051.25 531.75 .00 DELINQUENT090+
3465953 159.57 49 6,767.62 1129.06 .00 PREPAYMENT
3603453 285.57 49 12,111.49 1.00 .00 DELINQUENTO90+
3795451 663.52 51 29,125.29 2172.18 1,327.00 LEGAL
3802851 667.50 34 20,497.48 4154.56 .00 REBOOKING
3872451 86.71 19 1553.67 289.04 .00 DELINQUENT090+
3877950 323.42 19 5,795.04 1596.07 786.84 UPGRADE
3992151 400.00 49 16,964.65 16,964.65 .00 UPGRADE
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
4117951 VARIOUS EQUIPMENT 248,400.00 165,600.00 82,800.00 .00
4297250 MINOLTA 4301 CO 1,730.77 1,195.29 535.48 .00
4302350 MINOLTA EP 3170 6,705.00 6,854.00 .00 149.00
4302352 MINOLTA 2152 PR 4,960.00 4,960.00 .00 .00
4349050 MINOLTA EP 1081 2,847.42 2,838.00 9.42 .00
4443250 PANASONIC 755E 384.80- 2,200.00 .00 2,584.80
4448450 KONICA 2023 COP 5,201.45 4,975.30 226.15 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
4117951 23,700.00 24 153,015.40 35726.61 .00 REBOOKING
4297250 132.81 9 1,160.59 1.00 265.62 LEGAL
4302350 149.00 46 5,982.83 1064.28 .00 UPGRADE
4302352 155.00 32 4,505.44 769.87 .00 UPGRADE
4349050 129.00 22 2,653.21 640.73 .00 UPGRADE
4443250 100.00 22 2,056.76 438.96 200.00 PREPAYMENT
4448450 226.15 22 4,651.35 1.00 452.30 UPGRADE
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
4465750 SHARP 216 COPIE 3,___.50 3,273.00 560.50 .00
4485450 MITA 1855 COPIE 1,___.3_ 1,980.00 .00 146.64
4485250 ELECTRONIC SHIP 3,0__.52 2,596.44 472.08 .00
4496650 MINOLTA 1080 CO 135.41- 2,943.54 .00 3,078.95
4501050 MINOLTA EP 2120 2,567.36 2,178.00 389.36 .00
4520350 MINOLTA EP1081 3,094.68 2,796.15 298.53 .00
4543150 CANON 3016 COPI 857.77- 2,990.00 .00 3,847.77
4550250 VARIOUS EQUIPME 5,670.00 6,735.00 .00 1,114.91
4557651 RICOH 3213 COPI 4,840.00 3,146.00 1,694.00 .00
4566350 MINOLTA 4210 CO 2,376.00 2,024.00 352.00 .00
4580951 COMPUTER SYSTEM 6,683.88 5,816.72 867.16 .00
4590651 RICOH 3100 FAX 1,677.33 1,488.79 188.59 .00
4600250 TOSHIBA 5110 RE 5,430.93 4,637.72 801.21 .00
4619550 MINOLTA 3050 CO 8,634.36 8,674.22 .00 39.36
4666551 VARIOUS EQUIPME 6,950.07 29,372.00 .00 12,421.93
4698050 VARIOUS EQUIPME 2,523.62 2,408.91 114.71 .00
4716750 REFURB. CANON C 24,709.24 22,100.00 2,609.24 .00
4731150 AB DICK 9870 PR 35,745.12 34,255.74 1,489.38 .00
4734450 MINOLTA EP 2130 1,512.00 1,288.00 224.00 .00
4736950 VARIOUS EQUIPME 23,124.00 22,642.25 481.75 .00
4749252 MITA DC3055 COP 5,207.30 5,346.00 .00 138.70
4757550 MINOLTA EP 3050 13,144.40 11,829.96 1,314.44 .00
4798150 MINOLTA EP 2130 370.40- 1,320.00 .00 1,690.40
4801950 ROYAL 2017/ADF 3,241.75 3,000.00 241.75 .00
4803450 VARIOUS EQUIPME 14,104.35 12,192.00 1,992.65 .00
4826750 TOSHIBA 4550/20 12,965.17 10,945.20 2,019.97 .00
4827150 CANON NP2120 CO 3,707.42 3,413.20 294.22 .00
4830850 RICOH 4215 COPI 2,319.32 2,416.56 402.76 .00
4830950 COMPUTER 21,744.36 20,465.28 1,279.08 .00
4830951 COMPUTER 7,099.47 6,279.26 820.21 .00
4831550 VARIOUS EQUIPME 8,840.00 8,160.00 680.00 .00
4834650 MITA 2155 COPIE 3,490.41 3,456.00 34.41 .00
4837450 MITA 1755 COPIE 2,551.26 2,862.96 .00 311.70
4838950 VARIOUS EQUIPME 9,68.47- 3,428.40 .00 4,396.87
4855550 CANON NP5520 CO 2,680.42 2,311.68 368.74 .00
4896750 VARIOUS EQUIPME 2,956.80 2,534.40 422.40 .00
4912650 KONICA 2028 COP 12,262.09 11,757.60 504.49 .00
4932650 MINOLTA EP 1031 3,391.95 2,884.56 507.39 .00
4943950 AB DICK 8820 OF 23,324.00 23,324.00 .00 .00
4956202 RICOH 3500L FAX 4,050.00 3,450.00 600.00 .00
4959350 KONICA 1120 COP 4,232.80 3,907.20 325.60 .00
4968550 MINOLTA EP 1081 2,552.00 2,200.00 352.00 .00
4996050 CANON NP 1820 C 5,732.23 5,400.00 332.28 .00
4999450 KONICA 2028 FUL 2,695.26 2,323.50 371.76 .00
5005750 TOSHIBA 1650 3,204.00 3,075.84 128.16 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
4465750 149.00 22 3,064.57 742.52 300.00 DELIQUENT090+
4485450 90.00 22 1,351.08 463.92 180.00 LEGAL
4485250 118.02 22 2,427.38 569.25 236.04 DELIQUENT090+
4496650 127.98 23 2,743.94 642.04 255.96 PREPAYMENT
4501050 99.00 23 2,036.19 486.88 198.00 DELIQUENT090+
4520350 79.89 35 2,518.20 481.26 .00 UPGRADE
4543150 130.00 23 2,787.24 661.02 325.95 PREPAYMENT
4550250 295.00 23 324.90 2084.81 590.00 UPGRADE
4557651 121.00 26 2,907.38 583.61 .00 REBOOKING
4566350 88.00 23 1,886.75 450.15 184.80 DELINQUENT 090+
4580951 223.72 26 5,375.53 621.97 447.44 LEGAL
4590651 64.73 23 1,387.83 268.22 129.46 UPGRADE
4600250 201.64 23 4,323.23 1025.29 403.28 LEGAL
4619550 377.14 23 8,086.01 1873.21 .00 UPGRADE
4666551 1,049.00 28 26,988.32 5262.45 .00 LEGAL
4698050 114.71 21 2,258.59 541.08 .00 UPGRADE
4716750 850.00 26 20,423.75 4139.55 .00 LEGAL
4731150 744.69 46 29,901.69 1.00 .00 UPGRADE
4734450 56.00 23 1,200.66 240.69 .00 DELINQUENT090+
4736950 481.75 47 19,708.62 3525.00 963.50 LEGAL
4749252 162.00 33 4,842.18 849.65 324.00 UPGRADE
4757550 328.61 36 10,623.63 2011.95 .00 DELINQUENT090+
4798150 55.00 24 1,226.94 255.42 .00 PREPAYMENT
4801950 125.00 24 2,788.50 631.31 250.00 UPGRADE
4803450 508.00 24 11,332.46 2474.00 1,016.00 DELINEQUENT090+
4826750 456.05 24 10,173.56 2334.73 912.10 LEGAL
4827150 74.20 46 2,979.37 525.00 .00 DELINQUENT090+
4830850 100.69 24 2,246.19 479.52 201.38 DELINQUENT090+
4830950 426.36 48 17,763.55 850.00 852.72 LEGAL
4830951 241.51 26 5,802.99 656.76 483.02 LEGAL
4831550 170.00 48 7,082.76 1255.96 .00 DELINQUENT090+
4834650 144.00 24 3,212.35 722.41 .00 UPGRADE
4837450 119.29 24 2,661.12 606.56 .00 LEGAL
4838950 142.85 24 3,186.70 726.36 318.00 PREPAYMENT
4855550 96.32 24 2,148.71 480.00 192.64 DELINQUENT090+
4896750 105.60 24 2,355.72 529.77 .00 DELINQUENT090+
4912650 489.90 24 10,928.68 2516.61 979.80 UPGRADE
4932650 120.19 24 2,681.20 602.96 240.38 DELINQUENT090+
4943950 476.00 49 20,187.93 1.00 .00 UPGRADE
4956202 150.00 23 3,216.05 773.20 300.00 LEGAL
4959350 81.40 48 3,391.39 1.00 .00 DELINQUENT090+
4968550 88.00 25 2,039.00 437.09 .00 DELINQUENT090+
4996050 150.00 36 4,879.35 910.93 .00 UPGRADE
4999450 92.94 25 2,153.47 472.48 .00 DELINQUENT090+
5005750 128.16 24 2,858.99 893.10 .00 LEGAL
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
5007650 MINOLTA EP 2130 1,259.17 1,250.00 9.17 .00
5052351 CANON CLC800/CL 2,517.01- 43,200.00 .00 45,717.01
5061350 CANON 4050 COPI 4,759.50 4,378.74 380.76 .00
5100450 RICOH 6750 COPI 15,273.00 14,967.54 305.46 .00
5111950 SHARP 2022N COP 7,473.00 6,909.00 564.00 .00
5112350 VARIOUS EQUIPME 3,190.00 2,750.00 440.00 .00
5133050 KONICA 4145 COP 8,100.00 8,100.00 .00 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
5007650 50.00 25 1,158.53 214.90 .00 UPGRADE
5052351 1,600.00 27 39,808.51 8080.80 .00 PREPAYMENT
5061350 190.38 23 4,081.81 282.46 .00 LEGAL
5100450 305.46 49 12,955.06 1372.85 .00 UPGRADE
5111950 141.00 49 5,980.04 988.32 .00 LEGAL
5112350 110.00 25 2,548.76 567.01 220.00 DELINQUENT090+
5133050 324.00 25 7,507.24 1593.44 648.00 UPGRADE
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
5148050 MINOLTA EP1081 2,871.58 2,475.50 396.08 .00
5178650 MINOLTA EP 2151 3,570.00 3,250.00 500.00 .00
5212550 MINOLTA EP 2120 1,494.60 1,295.32 199.28 .00
5217550 LANIER 6765/STR 11,022.68 10,895.00 127.68 .00
5218350 MV715/FAX/COPIE 6,222.72 5,444.88 777.84 .00
5221150 CANON NP 6050 C 20,316.71 18,963.00 1,353.71 .00
5254650 MITA DC 2155(US 4,205.02 3,887.66 317.36 .00
5256850 CANON NP 6030 C 4,135.00 3,565.00 620.00 .00
5277250 CANON NP 6012 C 1,300.40 1,237.60 142.80 .00
5292250 CANON 7000 FAX 3,388.00 2,904.00 484.00 .00
5335750 KONICA 1790 COP 2,625.00 2,275.00 350.00 .00
5353550 KONICA 1290 COP 3,151.15 2,846.20 304.95 .00
5364250 MINOLTA EP 2130 1,630.00 1,456.00 224.00 .00
5372750 RISOGRAPH GR 37 22,812.00 21,147.00 1,665.00 .00
5377651 CANON 7000 FAX 2,546.48 2,380.00 166.48 .00
5397750 MINOLTA 4050 CO 17,35.54- 7,155.00 .00 8890.54
5480250 2050 4,154.00 3,618.00 536.00 .00
5493450 MINOLTA EP 2152 3,003.21 3,003.21 .00 .00
5539650 MINOLTA 1080 CO 3,960.87 3,449.79 511.08 .00
5546850 MINOLTA EP 1080 3,971.53 3,843.81 136.77 .00
5574850 KONICA 1120 6,057.63 4,871.71 1,185.92 .00
5594250 CANON NP 6012 C 2,251.26 2,251.26 .00 .00
5596450 MINOLTA EP 2120 1,643.00 1,431.00 212.00 .00
5613750 VARIOUS EQUIPME 13,304.89 11,588.13 1,716.76 .00
5616750 MINOLTA 1081 C 3,813.00 3,321.00 492.00 .00
5623750 CANON NP 6015 C 6,193.20 5,420.80 774.40 .00
5635550 TOSHIBA 2550 CO 10,403.75 9,672.00 734.75 .00
5637050 TIMBERLINE 7,174.72 6,105.00 1,069.72 .00
5648350 MINOLTA 2050 CO 9,955.00 9,231.00 724.00 .00
5672550 MINOLTA FAX 230 2,174.72 1,902.88 271.84 .00
5676050 SAVIN 9013 COPI 2,166.00 1,710.00 456.00 .00
5690550 MINOLTA EP 4052 11,840.00 10,360.00 1,480.00 .00
5712450 TOSHIBA T41000T 6,827.20 5,973.80 853.40 .00
5714250 MINOLTA EP2120 1,200.00 960.00 240.00 .00
5714350 MINOLTA 2050 CO 4,875.42 4280.08 595.34 .00
5738450 CANON NP 2120 C 4,554.76 4,229.42 325.34 .00
5745450 MINOLTA 2150 CO 7,616.00 7,072.00 544.00 .00
5761350 MITA 3555/ADF/2 3,392.55 3,004.83 387.72 .00
5786150 MINOLTA 1700 FA 75.35- 472.20 .00 548.05
5800050 MITA DC1257 COP 3,000.00 2,625.00 375.00 .00
5804050 KONICA 2125 10,511.20 9,760.40 750.80 .00
5836301 SHARP SH7370 CO 2,701.92 2,026.44 675.48 .00
5845250 TOSHIBA 3550 CO 3,700.00 7,540.00 1,160.00 .00
5856850 SHARP 2035 W/AT 995.00 3,230.60 .00 7234.61
5861450 TOSHIBA 4019 CD 6,326.00 5,650.00 678.00 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
5148050 99.02 25 2,294.34 491.82 .00 DELINQUENT090+
5178650 125.00 26 3,003.49 620.36 .00 DELINQUENT090+
5212550 49.82 26 1,197.07 1.00 94.00 DELINQUENT090+
5217550 435.80 25 10,097.71 2246.39 932.61 UPGRADE
5218350 194.46 28 5,003.00 1045.50 .00 DELINQUENT090+
5221150 387.00 49 16,413.30 2831.71 .00 LEGAL
5254650 79.34 49 3,364.94 279.60 158.68 DELINQUENT090+
5256850 155.00 23 3,323.25 1.00 .00 DELINQUENT090+
5277250 47.60 26 1,143.73 219.00 .00 LEGAL
5292250 121.00 24 2,699.27 371.17 .00 DELINQUENT090+
5335750 87.50 26 2,102.44 1.00 175.00 DELINQUENT090+
5353550 101.65 28 2,615.22 508.25 190.00 LEGAL
5364250 56.00 26 1,345.56 258.46 112.00 DELINQUENT090+
5372750 422.94 50 18,252.22 3140.64 798.00 DELINQUENT090+
5377651 170.00 14 2,277.36 418.72 .00 UPGRADE
5397750 238.50 30 6,536.66 1300.91 .00 PREPAYMENT
5480250 134.00 27 3,333.96 665.56 .00 DELINQUENT090+
5493450 111.23 27 2,767.44 552.47 .00 UPGRADE
5539650 127.77 27 3,178.96 649.68 .00 DELINQUENT090+
5546850 142.03 27 3,533.75 705.45 .00 UPGRADE
5574850 167.99 29 4,463.50 682.89 .00 REBOOKING
5594250 83.38 27 2,074.52 365.70 157.32 UPGRADE
5596450 53.00 27 1,318.66 265.88 100.00 DELINQUENT090+
5613750 429.19 27 10,678.38 1.00 .00 DELINQUENT090+
5616750 123.00 27 3,060.28 610.93 .00 DELINQUENT090+
5623750 193.60 28 4,980.88 927.80 .00 LEGAL
5635550 186.00 52 8,301.24 381.19 372.00 DELINQUENT090+
5637050 244.20 25 5,658.24 1.00 .00 LEGAL
5648350 181.00 51 7,945.02 1330.88 362.00 DELINQUENT090+
5672550 67.96 28 1,748.45 337.52 .00 DELINQUENT090+
5676050 114.00 15 1,631.49 1.00 228.00 DELINQUENT090+
5690550 370.00 23 9,519.24 1856.18 .00 DELINQUENT090+
5712450 213.35 28 5,489.00 640.46 426.70 DELINQUENT090+
5714250 60.00 16 913.26 194.38 120.00 DELINQUENT090+
5714350 152.86 28 3,932.73 766.86 .00 DELINQUENT090+
5738450 162.67 26 3,908.63 802.65 .00 LEGAL
5745450 136.00 52 6,069.72 962.27 .00 DELINQUENT090+
5761350 96.93 31 2,737.29 515.58 193.86 DELINQUENT090+
5786150 118.05 4 465.28 1.00 133.78 PREPAYMENT
5800050 93.75 28 2,411.97 414.82 187.50 LEGAL
5804050 187.70 52 8,377.11 353.61 .00 DELINQUENT090+
5836301 .00 12 1,922.18 548.58 .00 DELINQUENT090+
5845250 290.00 26 6,968.10 1.00 .00 DELINQUENT090+
5856850 293.95 28 7,562.65 479.59 .00 LEGAL
5861450 226.00 25 5,236.53 1160.96 .00 LEGAL
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
5867250 MITA 3055 COPIE 9,033.20 8,212.00 821.20 .00
5896150 SHARP SF 2035 C 6,698.71 5,880.00 818.71 .00
5983550 PENTIUM 120 28,627.03 25,809.60 2,817.43 .00
5953850 MITA SC 2335 CO 4,521.00 4,851.00 .00 330.00
5985303 SHARP 2025 COPI ______.__ 4,680.00 10.94 .00
6120050 AB DICK _______ ______.__ 25,704.00 2,360.00 .00
6291650 _______________ 53,022.__ 49,301.66 3,720.88 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
5867250 205.30 40 7,291.09 1251.83 .00 DELINQUENT090+
5896150 210.00 28 5,402.81 1089.97 420.00 LEGAL
5983550 679.20 38 3,045.99 1.00 .00 LEGAL
5953850 173.25 28 4,457.32 899.25 346.50 UPGRADE
5985303 195.00 24 4,350.06 1012.11 390.00 UPGRADE
6120050 476.00 54 21,937.76 1.00 .00 DELINQUENT090+
6291650 930.22 53 42,195.87 2015.45 1,860.44 LEGAL
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
6291651 _______________ 53,303.34 55,237.65 3,015.69 .00
9341650 _______________ 5,077.02 5,767.30 209.72 .00
6371202 MINOLTA ____ CO 14,084.57 13,972.00 112.57 .00
6377250 SHARP SF 8500 BO 8,537.68 7,506.30 1,031.38 .00
6391050 VARIOUS EQUIPME 23,220.00 20,898.00 2,322.00 .00
6398150 SHARP SF 8570 C 4,341.46 3,830.70 510.76 .00
6443450 MINOLTA COPIER 2,625.00 2,325.00 300.00 .00
6444450 CANON NP 6050 C 443.93- 8,976.00 .00 9,419.83
6466850 MINOLTA 3050 15,450.61 14,672.36 771.25 .00
6472050 CANON NP 3050 C 9,215.51 8,850.00 365.51 .00
6503550 MINOLTA EP 2152 4,182.00 3,690.00 492.00 .00
6561550 VARIOUS EQUIPME 4,896.00 4,320.00 576.00 .00
6597950 MINOLTA 3170 CO 1,750.00 1,550.00 200.00 .00
6643650 MINOLTA EP4233 4,655.00 4,123.00 532.00 .00
6652750 MINOLTA 1030 3,153.24 2,715.22 437.95 .00
6655150 KONICA 2590 3,294.72 3,219.84 74.88 .00
6674450 SHARP 2022 COPI 14,551.17 13,564.65 986.52 .00
6682150 MINOLTA EP 2050 6,968.22 6,375.18 593.04 .00
6691250 CANON 6650II SF 2,054.82 17,024.00 .00 14,969.18
6714850 TOSHIBA 1550/AD 5,900.00 5,500.00 400.00 .00
6718250 MINOLTA EP 2130 2,625.00 2,325.00 300.00 .00
6732250 TOSHIBA 1550 CO 7,177.55 6,692.40 485.15 .00
6736350 MINOLTA EP 2130 2,415.00 2,139.00 276.00 .00
6737051 CANON 6050 COPI 14,832.04 13,171.20 1,660.84 .00
6765150 MINOLTA EP 2130 17.71 2,319.36 .00 2,301.65
6766150 MITA 1856 COPIE 3,321.30 3,384.58 436.72 .00
6611300 MINOLTA EP 4321 1.00- 1,516.34 .00 1,517.84
6848150 KONICA 3035 4,135.95 3,605.70 530.25 .00
6847450 VARIOUS EQUIPME 61,597.80 54,131.40 7,446.40 .00
6855250 MITA DC 1856 CO 3,150.00 2,790.00 360.00 .00
6888850 MINOLTA 2130 CO 845.00 591.50 253.50 .00
7025250 KONICA 4145 SYS 18,525.00 18,200.00 325.00 .00
7128850 MINOLTA 4050 LO 16,032.00 14,696.00 1,336.00 .00
7145550 VARIOUS EQUIPME 34,333.20 30,518.40 3,814.80 .00
7161755 KONICA 3135 5,960.61 5,440.00 520.61 .00
7161762 KONICA 2590 3,582.51 3,176.00 406.51 .00
7213050 MINOLTA 3050 14,880.00 13,950.00 930.00 .00
7239250 TOSHIBA 2050 CO 3,800.00 3,600.00 200.00 .00
7290150 KONICA 2125 COP 6,160.32 5,646.96 513.36 .00
7483050 GESTETNER 2430 7,637.04 7,000.62 636.42 .00
7967401 MINOLTA 4050 CO 23,697.62 21,885.71 1,811.91 .00
8425901 VARIOUS EQUIPME 2,792.00 2,415.00 377.00 .00
8512601 SHARP 2116 COPI 3,452.40 3,452.40 .00 .00
8650605 SAVIN 7640 COPI 16,060.33 15,120.00 940.38 .00
8696702 SHARP 2116 4,003.16 3,865.12 138.04 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
6291651 1,005.23 55 47,054.80 2163.32 2010.46 LEGAL
9341650 104.86 55 4,908.49 735.00 .00 LEGAL
6371202 499.00 28 12,838.11 2554.61 .00 UPGRADE
6377250 250.21 30 6,857.61 1222.50 500.42 DELINQUENT090+
6391050 387.00 54 17,835.95 2888.06 774.00 REBOOKING
6398150 127.69 30 3,499.65 1.00 .00 DELINQUENT090+
6443450 75.00 31 2,117.99 346.15 .00 DELINQUENT090+
6444450 299.20 30 8,200.29 1506.04 .00 PREPAYMENT
6466850 271.84 54 12,528.49 1960.38 783.68 REBOOKING
6472050 295.00 30 8,085.18 1500.00 .00 UPGRADE
6503550 123.00 30 3,371.11 610.93 .00 DELINQUENT090+
6561550 144.00 30 3,946.67 724.83 .00 DELINQUENT090+
6597950 50.00 31 1,411.99 1.00 53.00 LEGAL
6643650 133.00 31 3,755.90 660.60 .00 DELINQUENT090+
6652750 87.59 31 2,473.53 439.41 510.36 REBOOKING
6655150 74.88 43 2,834.53 1.00 .00 UPGRADE
6674450 246.63 55 11,544.75 1859.02 493.26 LEGAL
6682150 148.26 43 5,612.29 909.60 .00 DELINQUENT090+
6691250 532.00 32 15,463.84 1.00 .00 PREPAYMENT
6714850 100.00 55 4,681.00 672.64 .00 DELINQUENT090+
6718250 75.00 31 2,117.99 371.25 .00 DELINQUENT090+
6732250 121.68 55 5,695.84 877.50 .00 DELINQUENT090+
6736350 69.00 31 1,948.55 341.25 .00 DELINQUENT090+
6737051 411.60 32 11,964.13 2100.00 .00 REBOOKING
6765150 72.48 32 2,106.80 360.00 .00 PREPAYMENT
6766150 109.18 31 3,083.23 560.86 206.00 DELINQUENT090+
6611300 379.21 4 1,494.60 1586.65 .00 LEGAL
6848150 106.05 34 3,256.57 525.00 .00 REBOOKING
6847450 1,866.60 29 49,595.59 9150.00 .00 DELINQUENT090+
6855250 90.00 31 2,541.59 453.02 .00 DELINQUENT090+
6888850 84.50 7 577.71 150.00 84.50 LEGAL
7025250 325.00 56 15,446.59 2389.71 .00 LEGAL
7128850 334.00 44 12,900.81 2066.23 .00 REBOOKING
7145550 953.70 32 27,721.56 4950.00 1907.40 DELINQUENT090+
7161755 170.00 32 4,941.45 908.12 .00 PREPAYMENT
7161762 99.25 32 2,884.94 530.18 .00 PREPAYMENT
7213050 310.00 45 12,211.35 1913.58 .00 REBOOKING
7239250 100.00 36 3,232.90 526.32 200.00 LEGAL
7290150 171.12 33 5,114.78 855.60 .00 REBOOKING
7483050 212.14 33 6,514.36 1088.27 424.28 REBOOKING
7967401 508.97 43 19,266.73 3142.98 .00 DELINQUENT090+
8425901 105.00 23 2,251.24 521.52 .00 DELINQUENT090+
8512601 143.85 24 3,209.00 1.00 .00 UPGRADE
8650605 420.00 36 13,578.17 3414.63 .00 UPGRADE
8696702 138.04 28 3,551.45 1.00 .00 PREPAYMENT
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
8914402 CANON C07 COPIE 3,280.68 2,944.20 336.48 .00
9160800 SAVIN 9520/ARDF 1,798.32- .00 .00 1,798.32
9252504 MINOLTA EP305 11,584.23 11,040.00 544.23 .00
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
8914402 84.12 35 2,651.53 469.05 .00 DELINQUENT090+
9160800 .00 0 .00 1250.00 .00 TERMED OUT
9252504 460.00 24 10,261.67 2284.77 .00 UPGRADE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LEASE # EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE
<S> <C> <C> <C> <C> <C>
PREPAYMENT 24 69,587.96 3,229.23
178,062.83 111,704.10
LEGAL 39 462,163.30 31,876.18
451,920.34 21,632.72
DELIN090+ 72 510,437.48 54,501.09
455,986.39 .00
TERMED OUT 1 1,798.32- .00
.00 1,798.32
NO PAY MONITOR 0 .00 .00
.00 .00
UPGRADE 53 575,021.32 8,427.50
568,506.33 1,912.51
REBOOKING 15 437,535.66 106,520.74
331,014.92 .00
TOTAL LEASES: 204 2,052,997.90 204,554.74
1,985,490.81 137,047.65
<CAPTION>
LEASE # MONTHLY TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
PAYMENT REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C>
PREPAYMENT 6,749.16 163,159.14 1,233.69
26,739.71
LEGAL 12,047.99 398,814.62 12,159.80
48,940.79
DELIN090+ 13,425.43 408,739.59 8,874.67
61,675.16
TERMED OUT .00 .00 .00
1,250.00
NO PAY MONITOR .00 .00 .00
.00
UPGRADE 17,115.76 511,292.24 6,728.83
85,783.17
REBOOKING 25,022.55 300,131.12 2,492.32
61,564.11
TOTAL LEASES: 74,360.89 1,782,136.71 31,489.31
285,952.94
</TABLE>
- - - - - - - - - - - S U M M A R Y - - - - - - - - - -
AVERAGE TERM REMAINING: 36 MONTHS
TOTAL MONTHLY PAYMENT: 74,360.89
TOTAL RESIDUAL VALUE: 285,952.94
TOTAL SECURITY DEPOSITS 31,489.31
TOTAL PRESENT VALUE: 1,782,136.71
<PAGE>
LEASE REPLACEMENTS
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN / 500015 DATE PRINTED: 11/15/96 11:12 AM
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIP. DESC. ST RECEIVABLES RECEIVABLES START DAYS YIELD
LESSEE'S AND CODE ACTUAL PAST DUE DAYS DELIN.
NAME CURRENT PREPAID
<S> <C> <C> <C> <C> <C> <C> <C>
TOTAL 175 1,979,625.24 7,800.03
LEASES: 1,939,332.59 18,007.38
- - - - - - - - - S U M M A R Y - - - - - - - - - - -
AVERAGE TERM REMAINING: 33 MONTHS
TOTAL MONTHLY PAYMENTS: 55,745.44
TOTAL RESIDUAL VALUE: 240,549.81
TOTAL SECURITY DEPOSITS: 43,890.65
TOTAL PRESENT VALUE: 1,782,137.08
<CAPTION>
LEASE # TERM PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NET DANKA? PRESENT VALUE SECURITY DEP.
NAME RED.
<S> <C> <C> <C> <C>
TOTAL 55,745.44 1,883,708.89 240,549.81
LEASES: 1,782,137.08 43,890.65
</TABLE>
<PAGE>
DELINQUENCY REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN / 500015
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
LEASE # AND NAME DAYS DEL. PRESENT VALUE PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C> <C>
7291050 50 25,809.34 535.00 535.00
7336050 43 3,473.25 86.50 86.50
7352802 53 489.18 165.00 165.00
7356750 42 7,135.95 238.74 238.74
7408750 36 2,959.11 99.00 99.00
7436950 34 8,730.79 180.98 180.98
7498702 42 8,578.80 180.50 180.50
7675001 38 2,036.19 99.00 99.00
8369910 30 1,886.73 68.84 68.84
8369911 32 2,001.00 68.84 68.84
8539101 45 2,366.95 92.00 92.00
8550504 36 1,585.87 63.74 63.74
8650613 56 22,461.31 581.52 581.52
8736603 32 5,405.15 262.80 262.80
8949401 57 2,386.29 106.97 106.97
9164602 89 5,079.51 211.40 211.40 422.80
9276602 63 6,349.05 147.12 147.12 294.24
TOTAL PAST DUE PAYMENTS OVER 30 DAYS
TOTAL PAYMENTS: 94,513.42 73,973.57 20,541.85 .00 94,515.42
TOTAL # LEASES: 353
TOTAL PRESENT VALUE: 2,285,319.45
</TABLE>
<PAGE>
CASH SUMMARY
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN / 500015 DATE PRINTED: 11/13/96 4:34 PM
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
<TABLE>
<CAPTION>
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
<S> <C> <C>
0364201 532.25 UPGRADE
0438103 2,177.39 UPGRADE
0438104 869.13 UPGRADE
0554201 1,321.03 UPGRADE
0789451 852.35 UPGRADE
1094456 56.75 PREPAYMENTS
1116957 635.79 UPGRADE
1116958 2,666.94 UPGRADE
1116959 2,713.40 UPGRADE
1116960 2,626.44 UPGRADE
1116961 2,626.44 UPGRADE
1116962 4,211.69 UPGRADE
1116963 4,196.65 UPGRADE
1116964 4,371.99 UPGRADE
1116965 4,371.99 UPGRADE
1116966 11,391.18 UPGRADE
1116967 8,482.55 UPGRADE
1194215 1,630.33 PREPAYMENTS
1194216 1,433.35 PREPAYMENTS
1194217 3,354.69 PREPAYMENTS
1194218 4,507.95 UPGRADE
1194219 2,817.79 PREPAYMENTS
1194220 4,506.99 PREPAYMENTS
1252102 4,377.55 REBOOKED
1372653 -46.17 PREPAYMENTS
1372654 115.84 PREPAYMENTS
1372655 156.79 PREPAYMENTS
2335254 3,151.11 UPGRADE
2615702 7,243.78 UPGRADE
3070551 2,202.36 REBOOKED
3465953 3,374.89 PREPAYMENTS
3802351 4,154.56 REBOOKED
3877950 2,121.99 UPGRADE
3992151 5,202.95 UPGRADE
4117951 35,726.61 REBOOKED
4302350 2,729.93 UPGRADE
4302352 1,187.19 UPGRADE
4349050 701.37 UPGRADE
4443250 1,096.86 PREPAYMENTS
4448450 158.00 UPGRADE
4496650 350.54 PREPAYMENTS
4520350 1,247.31 UPGRADE
4543150 1,200.33 PREPAYMENTS
4550250 4,904.51 UPGRADE
4557851 583.81 REBOOKED
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN / 500015 DATE PRINTED: 11/13/96 4:34 PM
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
<TABLE>
<CAPTION>
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
<S> <C> <C>
4590651 573.73 UPGRADE
4619550 2,184.30 UPGRADE
4690050 713.01 UPGRADE
4731150 544.13 UPGRADE
4749252 826.35 UPGRADE
4798150 572.72 PREPAYMENTS
4801950 727.96 UPGRADE
4834650 1,780.11 UPGRADE
4838950 1,501.24 PREPAYMENTS
4912850 3,335.03 UPGRADE
4943950 1,345.81 UPGRADE
4996050 1,212.10 UPGRADE
5007650 424.45 UPGRADE
5052351 8,323.28 PREPAYMENTS
5100450 2,775.63 UPGRADE
5133050 2,255.86 UPGRADE
5217650 5,320.11 UPGRADE
5377651 667.84 UPGRADE
5397750 2,674.96 PREPAYMENTS
5493450 654.54 UPGRADE
5546050 1,113.10 UPGRADE
5574850 682.89 REBOOKED
5594250 620.70 UPGRADE
5786150 225.08 PREPAYMENTS
5933050 906.63 UPGRADE
5985303 979.60 UPGRADE
6571202 3,329.07 UPGRADE
6391050 2,888.06 REBOOKED
6444450 2,105.24 PREPAYMENTS
6468850 1,960.38 REBOOKED
6472050 1,685.76 UPGRADE
6652750 439.41 REBOOKED
6655150 73.89 UPGRADE
6691250 445.16 PREPAYMENTS
6737051 2,100.00 REBOOKED
6765150 313.45 PREPAYMENTS
6846150 525.00 REBOOKED
7128850 2,066.23 REBOOKED
7161755 933.76 PREPAYMENTS
7161762 442.58 PREPAYMENTS
7213050 1,913.58 REBOOKED
7290150 855.60 REBOOKED
7483050 1,088.27 REBOOKED
8512601 271.36 UPGRADE
8650605 4,924.40 UPGRADE
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN / 500015 DATE PRINTED: 11/13/96 4:34 PM
FOR THE MONTH ENDED 10/30/96 AS OF THE DETERMINATION DATE OF 11/13/96
<TABLE>
<CAPTION>
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
<S> <C> <C>
8696702 1,341.99 PREPAYMENTS
9160800 1,793.32 TERMED OUT
9252504 3,040.14 UPGRADE
PREPAYMENTS 40,107.69
TERMED OUT 1,798.32
UPGRADE 127,685.35
REBOOKED 61,564.11
GRAND TOTAL 231,155.47
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP II-96 Page 1
MONTHLY SERVICER REPORT 18-Dec-96
DECEMBER 20, 1996 10:41 AM
MONTHS IN PROGRESS
<TABLE>
<S> <C> <C>
Line
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 218,937,017.36
1/2 Less: Lease Receivables - current month 6,759,820.33
1/3 Add: Actual Interest Payment (Weighted Avg A, B & C notes) 1,162,063.10
1/4 Add: 0.75% Servicing Component 136,835.64
1/5 Less: Current month Nonperforming 822,568.33
1/5a Less: Warranty Leases -
1/6 Less: Amounts on Early Terminations 368,393.30
1/7 Add: Amounts due to Substitutions 822,577.50
1/8 Add: Amounts due to Additional leases (Prepaid Leases) 368,397.46
1/9 Ending Net Present Value 213,476,109.10
2 Overdue Lease Payments - see computer detail
2/1 Beginning Balance 895,586.61
2/2 (Memo) Overdue Payments Received 689,883.50
2/3 Less: Reimbursed Per This Report 689,883.50
2/4 Less: Past Dues on Disqualified Leases - Early Terminations 15,943.37
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 90,875.69
2/6 Add: Last Month's Current Payments that became Past Due 854,060.49
2/7 Add: Received on Replacements Leases 1,543.87
2/8 (MEMO) Net New Advances 854,060.49
2/9 Ending Balance 954,488.41
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,371,034.43
3/2 Less: Amount Used 74,404.15
3/3 Ending Maximum Availability 16,296,630.28
3/4 (MEMO) Amount Realized 637,906.74
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases 2,089,150.38
substituted
3/6 LTD Residuals of Substitutions 2,407,132.89
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,394,480.15
4/2 Less: Applied to Current from Prepaid 1,048,510.82
4/3 Less: Advance on Disqualified Leases 103,161.42
4/4 Add: Received This Month 880,510.47
4/5 Add: Received on Replacement Leases 14,791.65
------------
4/6 Ending Balance 3,138,110.03
============
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases OVER 5.0% Y/N
only)
5/2 Overdue payments and PV on leases over 62 but less than 122 days 565,463.43
5/3 PV of performing leases 213,476,109.10
5/4 Delinquency Rate Current Month 0.26%
5/5 Second Preceding Month 0.28%
5/6 Third Preceding Month 0.39%
5/7 Average 0.27%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,736,712.72
6/2 Less: New Obligations: Total Shortfall (B9) -
6/3 Plus: Interest earned on Cash Reserve Acct. 10,896.41
------------
6/4 Ending Balance 2,747,609.13
============
6/5 1.25% of Outstanding Note Value 2,668,451.36
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,668,451.36
6/8 Cash Reserve Release (6/4-6/7) 79,157.76
6/9 Ending Balance Cash Reserve Account 2,668,451.36
============
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
----------------
7/4 Ending Balance -
================
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP II-96 Page 2
MONTHLY SERVICER REPORT 18-Dec-96
December 20, 1996 10:41 AM
<TABLE>
<S> <C> <C>
8 Nonperforming Leases
8/1 Beginning Balance of Nonperforming Leases -
8/2 Plus Current Month Additions -
8/3 Plus Past Due Payments on Non Performing Leases -
8/4 Less Current Month Recoveries -
----------------
8/5 Ending Balance -
================
Cash Receipts -
Line
A/1 Regular monthly payments 4,932,783.87
A/2 Overdue payments 689,883.50
A/3 Overdue Payments due on Early Termination and Termed Out Leases (From 15,943.37
Seller)
A/4 Advance Payments of monthly rentals 802,005.03
A/5 Residual Values 78,505.44
A/6 Recoveries on Defaulted Leases -
A/7 Proceeds from investment of Collection Account funds 34,220.45
A/8 Draws upon Residual Account -
A/9 Casualty and Termination Payments -
A/10 Servicer Advances 854,060.49
----------
A/11 Total receipts 7,407,402.15
============
Disbursement Requirements
Line
B/1 Past Due Payments Collected, Due Servicer (COLLECTION ACCT) 689,883.50
B/2 Overdue Payments Advanced, on Disqualified Leases (COLLECTION ACCT) 106,819.06
B/3 Servicing Fee (COLLECTION ACCT) 136,835.64
B/4 Advance Payments on Disqualified Leases (COLLECTION ACCOUNT) 103,161.42
------------
B/5 Total to Servicer 1,036,699.62
============
B/6 Collection Account - Advanced Rents (Monthly-Increase/Decrease)) (256,370.12)
=============
B/7 Net cash receipts 6,627,072.65
B/8 Shortfall (1/1/-1/9+C/1+C/2+C/3-B/7) -
B/9 Draw on Cash Reserve -
B/10 Draw on Residual Account -
B/11 Total Available Funds 6,627,072.65
C Noteholders
C/1 Class A Interest Paid 6.34% 1,055,502.51
C/2 Class B Interest Paid 6.59% 72,140.02
C/3 Class C Interest Paid 6.86% 34,420.58
C/4 Beginning Class A Note Balance 199,779,654.33
C/5 Class A Note Value Target (91.25% of 1/9) 194,796,575.54
C/6 Class A Principal Paid (Min (C/4-C/5), B11-C/1-C/2-C/3) 4,983,078.79
C/7 Ending Class A Note Balance 194,796,575.54
C/8 Beginning Class B Note Balance 13,136,270.42
C/9a Class B Note Value Target (6% of 1/9) 12,808,615.93
C/9b Class B Note Value Floor (2.5% of $235,449,177+Cum. Losses-C/12-6/14) -
C/10 Class B Note Principal Paid (min (C/8-max(C9a,C9b)),B11-C/1-C/2-C/3-C/6) 327,654.50
C/11 Ending Class B Note Balance 12,808,615.93
C/12 Beginning Class C Note Balance 6,021,092.61
C/13a Class C Note Value Target (2.75% of 1/9) 5,870,917.63
C/13b Class C Note Value Floor (1% of $235,449,177+Cum. Losses-6/4) -
C/14 Class C Principal Paid (min ((C/12-max(C/13a, C/13b)), B/11-C/1-C/2-C/3- 150,174.98
C/6-C/10))
C/15 Ending Class C Note Balance 5,870,917.63
C/16 Balance Available for Distribution to Copelco 4,101.29
D Miscellaneous Tracking Items
D/1 % of Total Nonperforming and Warranty substituted as per Initial Outs. 4.37%
Note Value
D/2 (MEMO) Cumulative amounts on Early Lease Terminations due to modification -
of leases
D/3 (MEMO) Cumulative amounts of additional leases purchased 3,323,838.91
D/4 (MEMO) Avg. residual realization greater than booked residual by Document Yes
Imaging and Major Accounts division for last three months (Yes/No)
D/5 % of Total Variance of Residuals submitted for Non-performing & Prepaid 0.99%
leases and residuals of Substituted leases to Initial pool booked
residuals
</TABLE>
<PAGE>
MONTHLY ACTIVITY REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
MONTHLY ACTIVITY BY LEASE
<TABLE>
<CAPTION>
LEASE # OPENING BALANCE CASH APPLICATION
LEASE # PREPAID CURRENT PAST DUE PREPAID CURRENT PAST DUE
<S> <C> <C> <C> <C> <C> <C>
247,062,746.28 802,005.03 689,883.50
3,394,480.15 895,586.61 4,932,783.87
<CAPTION>
LEASE # REPLACE,ADD CLOSING BALANCE DAYS
LEASE # OR DISQUAL PREPAID CURRENT PAST DUE DEL.
<S> <C> <C> <C> <C> <C>
3,138,110.03 954,488.41
14,466.70- 240,307,364.67
</TABLE>
DANKA PRESENT VALUE: .00
PORTFOLIO PRESENT VALUE: 213,891,226.42
% DANKA/TOTAL PORTFOLIO: .00%
<TABLE>
<CAPTION>
TOTAL OPENING RECEIVABLES BALANCE TOTAL CASH APPLICATIONS
244,563,852.74 6,424,672.40
TOTAL 0-14 DAYS DEL. 15-29 DAYS DEL. 30-44 DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/%
<S> <C> <C> <C>
238,123,743.05 225,296,053.16 9,466,097.39 1,513,079.26
100.00% 94.61% 3.98% 0.64%
22,159 20,886 861 200
100.00% 94.26% 3.89% 0.90%
<CAPTION>
NET REPLACEMENT/DISQUAL TOTAL CLOSING RECEIVABLE BALANCE
14,466.70- 238,123,743.05
TOTAL 45-59 DAYS DEL. 60-89 DAYS DEL. 90+ DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/%
<S> <C> <C> <C>
238,123,743.05 1,191,487.35 657,025.89 .00
100.00% 0.50% 0.28% 0.00%
22,159 120 92
100.00% 0.54% 0.42% 0.00%
</TABLE>
<PAGE>
LEASE DISQUALIFICATION
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM
<S> <C> <C> <C> <C> <C> <C> <C>
0463001 CANON NP 6030 C 7,586.70 6,893.30 693.40 .00 237.70 29
0633252 CANON 6012 COPI 1,984.00 1,736.00 248.00 .00 62.00 28
0718851 KONICA 3035 COP 5,696.00 5,696.00 .00 .00 178.00 32
0880201 TOSIBA 5540 CO 2,409.35- 20,097.00 .00 22,506.35 693.00 29
1157303 VARIOUS EQUIPME 11,220.00 9,860.00 1,360.00 .00 340.00 29
1292251 MINOLTA EP 2050 4,539.86 4,539.86 .00 .00 119.47 38
1620608 SAVIN 3680 FAX/ 3,432.00 3,016.00 416.00 .00 104.00 29
2037052 CANON 1020 2,700.00 1,425.00 1,275.00 .00 .00 16
2299853 KONICA 4045 COP 5,909.17 6,036.66 .00 127.49 143.73 42
2355251 VARIOUS EQUIPME 3,021.62 2,701.75 319.87 .00 108.07 25
2598402 MINOLTA EP 2050 7,030.00 6,270.00 760.00 .00 190.00 33
2765251 MINOLTA 2050 CO 7,395.00 6,375.00 1,020.00 .00 255.00 25
3077953 CANON 4050 COPI 824.11 2,948.16 .00 2,124.05 368.52 8
3077954 CANON LS500 FAX 271.70- 1,338.20 .00 1,609.90 133.82 10
3156451 VARIOUS EQUIPME 5,277.02 4,788.00 489.02 .00 126.00 38
3662604 MINOLTA EP 4050 6,641.70 5,960.50 681.20 .00 170.30 35
3813952 MINOLTA EP 3050 4,417.25 3,567.06 850.19 .00 509.58 21
3936751 MINOLTA EP 1081 2,449.72 2,072.84 376.88 .00 94.22 22
4017402 MINOLTA EP 2050 23.70- 4,950.00 .00 4,973.70 225.00 22
4032351 MINOLTA EP 2050 12,520.97 11,498.85 1,022.12 .00 255.53 45
4187251 CANON CL C700 CO 25,696.18 22,752.00 2,944.18 .00 758.40 30
4209150 AB DICK 6120 DI 6,525.00 4,350.00 2,175.00 .00 .00 23
4215850 TOSHIBA 2050 CO 3,402.75 2,722.20- 680.55 .00 136.11 20
4235850 MINOLTA 1700 FA 1,482.00 1,326.00 156.00 .00 39.00 34
4294650 VARIOUS EQUIPME 14,147.00 12,943.00 1,204.00 .00 301.00 43
4304802 MINOLTA 6000 11,304.80 9,696.80 1,608.00 .00 421.60 23
4342151 SHARP 4850 FAX 3,921.25 3,634.95 286.30 .00 110.15 33
4342152 SHARP FO4850 FA 4,105.55 3,965.40 140.15 .00 110.15 36
4359550 MINOLTA 3170 CO 2,625.87 2,580.90 44.97 .00 122.90 21
4369150 VARIOUS EQUIPME 1,673.27- 3,927.00 .00 5,600.27 187.00 21
4387352 COMPUTER 3,731.06 3,384.59 346.47 .00 116.71 29
4429150 MITA 2254 COPIE .00 1,995.00 .00 1,995.00 95.00 21
4437751 PANASONIC 7160 24,966.78 21,745.26 3,221.52 .00 805.38 27
4463250 MINOLTA 1081 CO 2,975.00 2,499.00 476.00 .00 119.00 21
4466250 COMPUTER SYSTEM 3,250.80 3,250.80 .00 .00 154.80 21
4499950 MINOLTA 5401 CO 725.80 833.40 .00 107.60 92.60 9
4581550 CANON 6025 COPI 9,565.87 9,516.98 48.89 .00 432.59 22
4590950 MINOLTA EP4210 2,080.10 1,973.18 106.92 .00 89.69 22
4597350 MINOLTA EP 2130 1,000.97 858.00 142.97 .00 39.00 22
4655350 COMPUTER EQUIPM 25,687.77 22,468.16 3,219.61 .00 1,021.28 22
4673950 KONICA 1015 COP 2,766.40 2,340.80 425.60 .00 106.40 22
4706950 LANIER 4500 FAX 1,950.00 1,650.00 300.00 .00 75.00 22
4747450 MITA 1256 COPIE 1,475.00 1,298.00 177.00 .00 59.00 22
4748250 MINOLTA FAX1900 1,485.00 1,265.00 220.00 .00 55.00 23
4783650 1081 5,006.91 5,006.91 .00 .00 106.53 47
4807750 CANNON NP2020 CO 4,146.03 3,675.00 471.03 .00 105.00 35
4809150 MINOLA 1081 CO 5,878.51 5,786.11 92.40 .00 251.57 23
4869450 SAVIN 9027 COPI 4,533.10 5,612.00 .00 1,078.90 244.00 23
4869451 RICOH 5733 COPI 3,913.09 4,185.00 .00 271.91 155.00 27
4882750 TOSHIBA 561 PLA 1,275.00 935.00 340.00 .00 85.00 11
4885850 MINOLTA EP4230 2,481.30 2,150.46 330.84 .00 82.71 26
4889750 MINOLTA EP1081 3,095.20 2,744.70 350.50 .00 78.42 35
<CAPTION>
LEASE# PRESENT RESIDUAL SECURITY DISQUALIFICATION
VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C>
0463001 6,315.69 1353.50 .00 LEGAL
0633252 1,595.12 2.00 .00 DELINQUENT090+
0718851 5,173.99 892.50 .00 UPGRADE
0880201 18,413.02 2577.97 .00 PREPAYMENT
1157303 9,033.81 2786.89 .00 DELINQUENT090+
1292251 4,053.75 731.45 .00 UPGRADE
1620608 2,763.28 523.49 .00 DELINQUENT090+
2037052 1,343.44 358.28 .00 REBOOKING
2299853 5,329.36 852.17 .00 UPGRADE
2355251 2,504.04 536.77 .00 DELINQUENT090+
2598402 5,679.11 1187.50 .00 DELINQUENT090+
2765251 5,908.48 1266.56 .00 DELINQUENT090+
3077953 2,870.98 1.00 737.04 PREPAYMENT
3077954 1,295.55 1.00 267.64 PREPAYMENT
3156451 4,275.32 756.00 .00 DELINQUENT090+
3662604 5,367.99Q 978.75 .00 DELINQUENT090+
3813952 3,324.71 875.57 .00 DELINQUENT090+
3936751 1,937.8 468.00 .00 DELINQUENT090+
4017402 4,627.70 1117.55 .00 LEGAL
4032351 10,065.70 1878.89 .00 DELINQUENT090+
4187251 20,785.77 3900.00 .00 DELINQUENT090+
4209150 3,983.13 1.00 .00 DELINQUENT090+
4215850 2,559.74 1.00 272.22 DELINQUENT090+
4235850 1,197.61 212.73 .00 DELINQUENT090+
4294650 11,394.16 2150.00 .00 DELINQUENT090+
4304802 9,039.25 2173.20 .00 DELINQUENT090+
4342151 3,292.39 568.24 .00 UPGRADE
4342152 3,561.04 655.66 .00 UPGRADE
4359550 2,419.85 579.75 .00 UPGRADE
4369150 3,681.95 928.81 .00 PREPAYMENT
4387352 3,100.99 1.00 .00 LEGAL
4429150 1,870.51 270.66 190.00 LEGAL
4437751 20,038.11 4180.66 1,488.00 LEGAL
4463250 2,343.06 591.06 .00 DELINQUENT090+
4466250 3,047.95 451.95 309.60 LEGAL
4499950 809.20 194.13 185.20 LEGAL
4581550 8,897.32 2214.62 917.08 UPGRADE
4590950 1,844.70 445.50 .00 UPGRADE
4597350 802.13 179.70 78.00 LEGAL
4655350 21,005.24 3094.80 2,042.56 LEGAL
4673950 2,188.39 525.00 .00 DELINQUENTO90+
4706950 1,542.57 377.52 162.38 DELINQUENTO90+
4747450 1,213.49 258.62 118.00 LEGAL
4748250 1,179.22 268.73 .00 DELINQUENTO90+
4783650 4,358.19 1.00 .00 UPGRADE
4807750 3,309.68 606.00 210.00 LEGAL
4809150 5,393.75 1262.08 .00 UPGRADE
4869450 5,231.44 1151.10 1,220.00 UPGRADE
4869451 3,856.45 796.23 310.00 UPGRADE
4882750 902.55 262.89 .00 DELINQUENTO90+
4885850 1,987.35 449.98 175.76 DELINQUENTO90+
4889750 2,471.86 480.12 78.42 DELINQUENTO90+
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM
<S> <C> <C> <C> <C> <C> <C> <C>
4899050 MINOLTA 3170 3,101.00 2,658.00 443.00 .00 110.75 24
4936750 RISO 3750 DUPLI 18,771.05 17,095.68 1,675.37 .00 712.32 24
4939050 VARIOUS EQUIPME 4,131.27 3,519.23 612.04 .00 153.01 23
4978050 VARIOUS EQUIPME 9,015.30 7,679.70 1,335.60 .00.00 333.90 23
5016150 ROYAL COPYSTAR 10,149.00 9,552.00 597.00 .00.00 199.00 48
5031351 MINOLTA 2121 CO 1,987.39 1,736.00 251.39 .00.00 56.00 31
5032550 MINOLTA EP4050 14,840.80 14,034.72 806.08 .00.00 292.39 48
5113450 PANASONIC 7132 16.71- 4,512.00 .00 4,528.71 188.00 24
5128250 VARIOUS EQUIPME 4,795.35 4,041.36 753.99 .00 168.39 24
5132451 MINOLTA EP 3050 13,602.12 12,144.75 1,457.37 .00 485.79 25
5150550 MITA 2155 COPIE 6,300.13 5,406.96 893.17 .00 225.29 24
5175050 PANASONIC FP267 2,096.86 2,250.00 .00 153.14 90.00 25
5219950 CANON C300 COPI 8,619.52 7,388.16 1,231.36 .00 307.84 24
5222450 SAVIN 3640 FAX 2,968.00 2,544.00 424.00 .00 106.00 24
5230650 CANON NP4050 CO 3,210.23- 13,174.56 .00 16,384.79 274.47 48
5255750 MINOLTA EP 1081 4,205.00 3,625.00 580.00 .00 145.00 25
5268250 VARIOUS EQUIPME 8,400.00 7,500.00 900.00 .00 300.00 25
5293150 CANON 2020 COPI 4,545.90 4,129.56 416.34 .00 114.71 36
5312950 VARIOUS EQUIPME 4,619.73 4,851.00 .00 231.22 99.00 49
5330550 RICOH 5733 COPI 2,096.00 2,967.00 .00 871.00 129.00 23
5333050 TOSHIBA 3910 RE 1,856.00 1,624.00 232.00 .00 58.00 28
5367950 CANON 2120 COPI 4,348.18 4,798.75 .00 450.57 191.95 25
5372451 LASERMASTER EQU 93,677.50 91,803.95 1,873.55 .00 1,873.55 49
5385950 VARIOUS EQUIPME 7,290.00 6,750.00 540.00 .00 270.00 25
5401650 VARIOUS EQUIPME 65,868.40 60,897.20 4,971.20 .00 1,242.80 49
5437151 VARIOUS EQUIPME 8,008.23 6,836.06 1,172.17 .00 297.22 23
5471250 VARIOUS EQUIPME 928.20 709.80 218.40 .00 54.60 13
5473350 ITEK 430 GRAPHI 23,423.88 22,539.96 883.92 .00 441.96 51
5499150 CANON NP6030 RD 7,366.00 6,604.00 762.00 .00 254.00 26
5534850 MINOLTA 1080 CO 5,356.85 5,148.00 208.85 .00 198.00 26
5579351 VARIOUS EQUIPME 7,003.19 6,127.92 875.27 .00 226.96 27
5579352 COMPAQ CONTURA 3,443.32 3,009.69 433.63 .00 111.47 27
5590351 KONICA 7050 COP 30,150.00 27,637.50 2,512.50 .00 502.50 55
5599650 VARIOUS EQUPME 4,788.99 4,611.62 177.37 .00 177.37 26
5638750 MINOLTA 3170 CO 2,440.98 2,329.25 111.73 .00 93.17 25
5666950 MINOLTA EP4050 9,269.65 9,207.00 62.65 .00 341.00 27
5677950 SHARP SF 2116 C 5,189.90 5,343.03 .00 153.13 197.89 27
5721050 MINOLTA EP1080 6,270.00 5,610.00 660.00 .00 .00 48
5721550 POWERMAC 8100 S 30,055.53 26,114.66 3,940.87 .00 1,004.41 26
5726450 CANON 6025/FEED 267.27- 6,950.00 .00 7,217.27 278.00 25
5743402 MINOLTA 3050 CO 382.03- 9,550.75 .00 9,932.78 382.03 25
5818250 KONICA 1112 COP 1,531.66 1,350.00 181.66 .00 50.00 27
5841350 SHARP SF2116 CO 3,719.07 3,239.19 479.88 .00 119.97 27
5843750 CANON C180 COPI 6,231.00 5,427.00 804.00 .00 201.00 27
5861150 POWERMAC 7200/9 12,181.20 11,185.02 996.18 .00 414.26 27
5913350 SHARP 8570 COPI 3,392.76 2,700.00 692.76 .00 180.00 15
5938750 LASERMASTER PRE 41,499.84 37,278.76 4,221.08 .00 981.02 38
6074050 AMCAT DIALING E 24,479.72 21,196.84 3,282.88 .00 757.03 28
6079350 COMPUTIZE EQUIP 3,990.68 5,355.72 .00 1,345.04 102.61 52
6128651 COMPUTER 3,046.24 3,977.96 .00 931.72 142.07 28
6128850 VARIOUS EQUIPME 4,301.87 4,024.33 277.54 .00 138.77 29
6368856 CANON NP 6050 C 18,960.00 15,405.00 3,555.00 .00 .00 36
<CAPTION>
LEASE# PRESENT RESIDUAL SECURITY DISQUALIFICATION
VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C>
4899050 2,470.61 550.08 .00 DELINQUENT090+
4936750 15,890.42 3339.00 .00 UPGRADE
4939050 3,280.59 742.77 286.00 DELINQUENT090+
4978050 7,158.93 1721.61 630.00 DELINQUENT090+
5016150 8,290.99 1449.03 398.00 LEGAL
5031351 1,581.43 280.94 .00 UPGRADE
5032550 12,181.92 2068.80 .00 PREPAYMENT
5113450 4,193.90 955.93 .00 PREPAYMENT
5128250 3,756.44 856.20 .00 DELINQUENT090+
5132451 11,256.00 2412.86 .00 LEGAL
5150550 5,025.77 1145.54 .00 DELINQUENT090+
5175050 2,085.35 463.92 176.00 UPGRADE
5219950 6,867.29 1575.97 615.68 DELINQUENT090+
5222450 2,364.65 1.00 212.00 DELINQUENT090+
5230650 11,435.32 2048.25 .00 PREPAYMENT
5255750 3,359.72 720.20 .00 DELINQUENT090+
5268250 6,951.15 1446.95 .00 LEGAL
5293150 3,708.46 2.00 .00 DELINQUENT090+
5312950 4,198.75 615.79 312.00 UPGRADE
5330550 2,765.80 401.87 .00 LEGAL
5333050 1,492.20 290.97 116.00 DELINQUENT090+
5367950 4,447.58 1.00 415.58 UPGRADE
5372451 79,460.30 1.00 .00 LEGAL
5385950 6,256.04 1401.38 540.00 LEGAL
5401650 52,709.17 9228.71 2,485.60 DELINQUENT090+
5437151 6,372.50 1021.38 .00 DELINQUENT090+
5471250 681.17 1.00 109.20 LEGAL
5473350 19,399.89 1.00 .00 LEGAL
5499150 6,103.10 1.00 .00 LEGAL
5534850 4,757.53 983.44 .00 UPGRADE
5579351 5,646.84 1.00 415.00 DELINQUENT090+
5579352 2,773.41 1.00 203.82 DELINQUENT090+
5590351 23,522.02 3694.85 .00 REBOOKING
5599650 4,261.84 1.00 165.38 LEGAL
5638750 2,158.80 1.00 .00 UPGRADE
5666950 8,484.19 1726.57 682.00 UPGRADE
5677950 4,923.57 986.16 395.78 UPGRADE
5721050 4,857.06 778.30 .00 DELINQUENTO90+
5721550 24,133.90 2457.28 2,008.82 LEGAL
5726450 6,441.40 789.77 .00 PREPAYMENT
5743402 8,851.83 1897.50 .00 LEGAL
5818250 1,244.02 1.00 100.00 DELINQUENTO90+
5841350 2,984.89 1.00 .00 DELINQUENTO90+
5843750 5,000.94 1.00 402.00 DELINQUENTO90+
5861150 10,306.92 1132.04 828.52 LEGAL
5913350 2,576.04 610.86 360.00 DELINQUENTO90+
5938750 33,287.07 1758.00 .00 LEGAL
6074050 19,476.61 1.00 .00 LEGAL
6079350 4,579.52 176.92 .00 REBOOKING
6128651 3,655.13 392.29 284.14 PREPAYMENT
6128850 3,687.12 689.25 .00 LEGAL
6368856 13,716.23 2438.27 .00 REBOOKING
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM
<S> <C> <C> <C> <C> <C> <C> <C>
6377251 VARIOUS EQUIPME 6,205.68 5,293.08 912.60 .00 182.52 29
6415550 CANON NP1520 CO 2,033.46 1,786.98 246.48 .00 61.62 29
6458750 LANIER 6716 COP 4,968.95 4,401.07 567.88 .00 141.97 31
6461050 MINOLTA 2130 1,881.00 1,653.00 228.00 .00 57.00 29
6497250 KONICA 1015 COP 4,466.10 4,317.23 148.87 .00 148.87 29
6506550 KONICA 1015 COP 2,607.00 2,291.00 316.00 .00 79.00 29
6508350 MINOLTA 2130PRO 2,393.49 2,103.37 290.12 .00 72.53 29
6514750 CANON 4050 COPI 9,695.68 9,695.68 .00 .00 236.48 41
6529250 KONICA 2020 COP 5,060.22 4,446.86 613.36 .00 153.34 29
6553450 VARIOUS EQUIPME 9,778.48 9,141.12 637.36 .00 169.28 54
6556450 VARIOUS EQUIPME 2,652.00 2,340.00 312.00 .00 78.00 30
6564950 MINOLTA 1081 3,546.88 3,129.60 417.28 .00 104.32 30
6596650 MITA DC 3055 CO 5,950.00 5,250.00 700.00 .00 175.00 30
6630450 RICOH 2260 RECO 3,850.00 3,710.00 140.00 .00 70.00 53
6641550 VARIOUS EQUIPME 5,194.71 4,590.00 604.71 .00 153.00 30
6641551 MITA 685 FAX 2,040.00 1,800.00 240.00 .00 60.00 30
6655750 MITA 3055 COPIE 9,414.36 8,595.72 818.64 .00 204.66 42
6656650 KONICA 3290 3,827.60 3,390.16 437.44 .00 109.36 31
6669350 MINOLTA 2152 PR 2,329.00 2,055.00 274.00 .00 68.50 30
6678550 XEROX COLOR COP 41,019.64 37,908.78 3,110.86 .00 902.59 42
6747450 MINOLTA EP 3050 12,558.00 12,857.00 .00 299.00 299.00 43
6775550 SHARP SF 7855 C 2,970.00 2,700.00 270.00 .00 90.00 30
6777550 VARIOUS EQUIPME 22,846.36 20,859.72 1,986.64 .00 496.66 42
6810250 MINOLTA 2152 CO 4,410.00 3,906.00 504.00 .00 126.00 31
6810950 MINOLTA 1080 CO 5,014.00 4,578.00 436.00 .00 109.00 42
6836250 RICOH 5006 DIGI 16,668.40 16,073.10 595.30 .00 297.65 54
6920550 MINOLTA EP1081 4,266.24 3,821.84 444.40 .00 88.88 43
6923250 RICOH 3213 COPI 4,296.33 4,005.10 291.28 .00 72.82 55
6937150 RICOH 3013 COPI 2,765.00 2,528.00 237.00 .00 79.00 32
6949350 PANASONIC FP 71 7,080.50 6,271.30 809.20 .00 202.30 31
6954150 MINOLTA 8010 36,226.00 33,770.00 2,456.00 .00 614.00 55
6954750 KONICA 2125 COP 7,875.20 7,361.60 513.60 .00 171.20 43
6972250 RICOH FT4415 W/ 3,136.90 2,806.70 330.20 .00 82.55 34
7009250 MINOLTA EP 2152 3,844.11 3,021.00 823.11 .00 159.00 19
7034301 MINOLTA EP 1081 4,635.82 4,625.00 10.82 .00 185.00 25
7036250 SHARP 2022 COPI 9,024.00 8,256.00 768.00 .00 192.00 43
7037850 TOSHIBA 9230 CO 6,125.00 5,425.00 700.00 .00 175.00 31
7056050 KONICA 2020 COP 1,885.42 1,862.00 23.42 .00 98.00 19
7057850 APPLE 7200/ASPI 6,386.62 6,386.62 .00 .00 206.02 31
7072904 VARIOUS EQUIPME 68,098.06 67,192.71 905.35 .00 2,316.99 29
7089950 LANIER 6735 COP 9,525.26 8,380.85 1,144.41 .00 270.35 31
7122350 MINOLTA 1080 7,532.69 6,891.61 641.08 .00 160.27 43
7163903 VARIOUS EQUIPME 1,243.50 1,243.50 .00 .00 414.50 3
7253850 KONICA 1112 COP 1,348.71 1,307.84 40.87 .00 40.87 32
7260950 SHARP 2030 12,070.80 10,729.60 1,341.20 .00 335.30 32
7287350 SHARP SF 2022 C 8,024.00 7,616.00 408.00 .00 136.00 56
7291050 KONICA 7050 31,565.00 29,960.00 1,605.00 .00 535.00 56
7349200 SHARP 8570 901.74- 579.09 .00 1,480.83 193.03 3
7363250 MITA DC-1855 CO 1.00- 2,416.80 .00 2,417.80 302.10 8
7408750 RIOCH FT 6750 3,465.00 3,168.00 297.00 .00 99.00 32
7429750 VARIOUS EQUIPME 22,686.00 21,173.60 1,512.40 .00 378.10 56
7443450 GESTETNER 3210 5,766.40 5,427.20 339.20 .00 169.60 32
<CAPTION>
LEASE# PRESENT VALUE RESIDUAL SECURITY DISQUALIFICATION
VALUE DEPOSIT
<S> <C> <C> <C> <C>
6377251 4,849.56 1.00 182.52 DELINQUENT090+
6415550 1,637.24 270.30 123.24 DELINQUENT090+
6458750 4,009.21 729.30 301.34 DELINQUENT090+
6461050 1,514.49 263.08 114.00 LEGAL
6497250 3,955.48 749.35 .00 UPGRADE
6506550 2,099.03 405.82 158.00 DELINQUENT090+
6508350 1,927.12 312.63 .00 DELINQUENT090+
6514750 8,583.98 1484.18 501.34 LEGAL
6529250 4,074.25 763.71 306.68 DELINQUENT090+
6553450 7,801.73 1197.75 .00 DELINQUENT090+
6556450 2,137.78 360.00 156.00 DELINQUENT090+
6564950 2,859.14 523.34 208.64 DELINQUENT090+
6596650 4,796.29 917.83 350.00 DELINQUENT090+
6630450 3,175.28 1.00 .00 LEGAL
6641550 4,193.33 785.96 .00 DELINQUENT090+
6641551 1,644.44 308.22 .00 DELINQUENT090+
6655750 7,588.58 1300.79 409.31 DELINQUENT090+
6656650 3,088.31 1.00 .00 DELINQUENT090+
6669350 1,877.41 218.15 145.07 DELINQUENT090+
6678550 33,467.09 3539.59 .00 LEGAL
6747450 11,318.45 1827.41 .00 UPGRADE
6775550 2,466.67 463.92 194.76 LEGAL
6777550 18,415.63 2018.94 .00 DELINQUENT090+
6810250 3,558.22 626.25 .00 DELINQUENT090+
6810950 4,041.61 667.35 .00 LEGAL
6836250 13,718.01 1390.72 2,103.04 LEGAL
6920550 3,364.49 520.78 88.88 DELINQUENT090+
6923250 3,408.70 1.00 .00 DELINQUENT090+
6937150 2,296.32 424.73 .00 LEGAL
6949350 5,712.92 1050.00 404.60 DELINQUENT090+
6954150 28,741.33 4514.76 .00 DELINQUENT090+
6954750 6,480.66 1015.02 .00 LEGAL
6972250 2,534.93 1.00 165.10 DELINQUENT090+
7009250 2,848.96 512.25 .00 REBOOKING
7034301 4,286.54 918.87 .00 UPGRADE
7036250 7,268.03 990.48 .00 DELINQUENT090+
7037850 4,941.97 880.87 350.00 DELINQUENT090+
7056050 1,755.96 300.00 205.80 UPGRADE
7057850 5,817.97 602.41 412.04 LEGAL
7072904 61,562.46 12968.23 4,633.98 UPGRADE
7089950 7,634.64 1393.55 540.68 DELINQUENT090+
7122350 6,066.92 981.24 .00 DELINQUENT090+
7163903 1,228.89 1.00 .00 PREPAYMENT
7253850 1,187.98 174.15 141.10 LEGAL
7260950 9,746.29 1689.18 .00 REBOOKING
7287350 6,463.81 980.77 .00 LEGAL
7291050 25,427.47 3972.77 .00 LEGAL
7349200 572.29 1322.10 386.06 PREPAYMENT
7363250 2,353.53 1.00 .00 PREPAYMENT
7408750 2,877.67 1.00 198.00 LEGAL
7429750 18,240.21 2780.15 .00 REBOOKING
7443450 4,929.83 836.84 160.00 LEGAL
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM
<S> <C> <C> <C> <C> <C> <C> <C>
7637201 CANON L 5500 400.86 3,543.12 .00 3,142.26 84.36 42
7931501 KONICA 7050 COP 21,372.01 34,599.00 .00 13,226.99 607.00 57
8464302 VARIOUS EQUIPME 7,290.00 7,290.00 .00 .00 270.00 27
8464303 MINOLTA FAX 190 2,320.00 2,320.00 .00 .00 80.00 29
9164602 MINOLTA 1081 CO 6,130.60 5,285.00 845.00 .00 211.40 25
TOTAL LEASES: 161 1,332,768.61 106,819.06 40,220.39
1,329,110.97 103,161.42
<CAPTION>
LEASE# PRESENT VALUE RESIDUAL SECURITY DISQUALIFICATION
VALUE DEPOSIT
<S> <C> <C> <C> <C>
7637201 3,127.98 535.71 .00 PREPAYMENT
7931501 29,282.74 4234.88 .00 UPGRADE
8464302 6,717.69 1354.52 .00 UPGRADE
8464303 2,125.60 397.35 .00 UPGRADE
9164602 4,898.24 1050.00 .00 DELINQUENT090+
TOTAL LEASES: 1,190,961.63 33,843.60
171,179.43
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM
<S> <C> <C> <C> <C> <C> <C> <C>
PREPAYMENT 13 11,604.24 806.08 3,551.26
78,742.11 67,943.95
LEGAL 42 504,699.68 36,620.99 14,013.67
485,958.77 17,880.08
DELIN090+ 70 487,581.77 54,254.70 13,129.98
433,327.07 .00
TERMED OUT 0 .00 .00 .00
.00 .00
NO PAY MONITOR 0 .00 .00 .00
.00 .00
UPGRADE 29 234,481.33 4,118.08 8,047.97
246,355.60 15,992.35
REBOOKING 7 94,401.59 11,019.21 1,477.51
84,727.42 1,345.04
TOTAL LEASES: 161 1,332,768.61 106,819.06 43,220.39
1,329,110.97 103,161.42
<CAPTION>
LEASE# PRESENT VALUE RESIDUAL SECURITY DISQUALIFICATION
VALUE DEPOSIT
<S> <C> <C> <C> <C>
PREPAYMENT 71,451.86 1,674.88
11,623.63
LEGAL 433,759.26 12,495.56
42,578.26
DELIN090+ 388,809.07 10,404.94
64,028.91
TERMED OUT .00 .00
.00
NO PAY MONITOR .00 .00
.00
UPGRADE 222,944.77 9,268.22
41,298.73
REBOOKING 73,996.67 .00
11,649.90
TOTAL LEASES: 1,190,961.63 33,843.60
171,179.43
</TABLE>
- --------S U M M A R Y--------
AVERAGE TERM REMAINING: 37MONTHS
TOTAL MONTHLY PAYMENT: 40,220.39
TOTAL RESIDENTIAL VALUE: 171,179.43
TOTAL SECURITY DEPOSITS: 33,843.60
TOTAL PRESENT VALUE: 1,190,961.63
<PAGE>
LEASE REPLACEMENTS
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES
EQUIP DESC. AND CODE ACTUAL PAST DUE START DATE
LEASE# ST CURRENT PREPAID DAYS DELIN YIELD
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C>
0056951 MINOLTA EP3050 100 CA 17,136.00 .00 02/01/96 13.03%
PITRE & TEUNISSE 17,136.00 .00 11 DAYS
0199651 VARIOUS EQUIPME ZZZ MA 30,495.15 .00 10/25/96 13.56%
MAIL COMMUNICATIONS, INC. 30,495.15 .00 13 - DAYS
0231401 MITA DC-4086 CO 100 NJ 14,936.60 .00 10/25/95 12.90%
EXPO ACCESSORIES, INC. 14,936.60 .00 13 - DAYS
0270802 NASHUATEC 3522T 100 CA 6,630.97 .00 11/01/96 10.75%
SOUTHDOWN HILLS LTD. 7,164.00 533.03 49 - DAYS
0338316 CANON NP 6025 C 100 NY 9,828.72 .00 10/01/96 12.47%
ADAM YOUNG INC. 10,117.80 289.08 19 - DAYS
0720552 MINOLTA 3050 100 TX 9,541.94 .00 09/22/96 12.81%
K-P PLAZA LIMITED PARTNERSHIP 9,908.62 366.68 40 - DAYS
1815253 PANASONIC UF-78 400 MO 3,105.00 .00 10/29/96 18.44%
S. R. HOEFT DIRECT, INC. 3,105.00 17 - DAYS
1963151 MINOLTA 4050 100 IL 15,157.50 .00 10/17/96 12.72%
KONNERTH SALES ASSOCIATES INC. 15,157.50 .00 5 - DAYS
2678804 CANON FAX L7000 100 NY 2,989.20 .00 11/01/96 10.75%
CORNELL UNIVERSITY 3,229.20 240.00 49 - DAYS
2810109 COMPUTER 500 NJ 25,093.20 .00 11/12/96 15.78%
MONTAGE INTERNATIONAL 25,853.60 760.40 30 - DAYS
2894452 PRIDPORT 1800 100 UT 6,987.75 .00 10/28/96 13.23%
COLLEGE FOR TOTS 6,987.75 .00 16 - DAYS
3874613 MITA DC 1856 100 NY 7,527.60 .00 11/25/96 10.75%
DUGGAL COLOR PROJECTS, INC. 7,527.60 .00 13 - DAYS
3893856 APPLE PM 7200 P 500 MA 3,475.50 .00 10/18/96 16.18%
CAMBRIDGE SEVEN ASSOCIATES 3,475.50 .00 6 - DAYS
4298953 VARIOUS EQUIPME ZZZ TX 32,608.32 .00 11/27/96 17.26%
INTERNATIONAL BUSINESS 32,608.32 .00 15 - DAYS
COLLEGE,
5123364 COMPUTERS 500 MD 30,706.43 232.09 07/01/96 15.00%
DIGITAL EXPRESS GROUP, INC. 30,474.34 .00 11 - DAYS
5282051 LC 7000 CANON F 400 NY 3,289.65 .00 11/01/96 15.58%
BRONSON, HOWARD ASSOCIATES 3,383.64 93.99 19 - DAYS
INC.
5641253 MINOLTA 1080 CO 100 NY 4,832.00 .00 07/02/96 12.81%
COMPLETE MANAGEMENT SERVICE 4,832.00 .00 10 - DAYS
INC.
5853551 NATIONAL COMPUT 500 MA 14,981.76 .00 09/19/96 14.86%
PERRY DEAN ROGERS & PARTNERS; 14,981.76 .00 7 - DAYS
ARCH
6013851 POWER COMPUTING 500 TX 41,596.10 .00 10/24/96 19.49%
MEDIA MARKETING AND MORE 41,596.10 .00 12 - DAYS
6152151 MINOLTA 3500 FA 100 CA 4,354.38 .00 10/02/96 12.06%
PFO PROFESSIONAL GROUP, INC. 4,482.45 128.07 20 - DAYS
6500751 GANDALF 525 PC 500 CA 11,020.36 .00 11/22/96 14.26%
RMC LONESTAR 11,020.36 .00 10 - DAYS
6869452 VARIOUS COMPUTE 500 AZ 17,950.04 .00 08/12/96 18.25%
INSURANCE PROVIDERS OF 17,997.54 47.50 0 DAYS
AMERICA, INC.
7073953 COMPUTER 500 CA 45,900.00 .00 11/20/96 18.20%
ENVISIONS INC. 45,900.00 .00 8 - DAYS
7175251 SYSTEM MAGITRON 500 FL 23,677.92 .00 11/21/96 18.41%
GENERAL STORE 23,677.92 .00 9 - DAYS
7323450 VARIOUS EQUIPME ZZZ MA 5,396.52 .00 07/17/96 13.00%
SPECTRAGRAPHIC NEW ENGLAND 5,696.00 299.48 35 - DAYS
INC.
<CAPTION>
TERM
NET PAYMENT ORIGINAL COST RESIDUAL VAL.
LEASE# REM DANKA? PRESENT VALUE SECURITY DEP.
LESSEE'S NAME
<S> <C> <C> <C> <C>
0056951 61 336.00 16,000.13 2,400.02
PITRE & TEUNISSE 51 NO 14,748.76 .00
0199651 37 871.29 28,473.52 4,271.03
MAIL COMMUNICATIONS, INC. 35 NO 27,463.76 1,742.58
0231401 49 317.80 13,024.58 1,953.69
EXPO ACCESSORIES, INC. 47 NO 13,001.35 .00
0270802 37 199.00 6,838.49 1,025.77
SOUTHDOWN HILLS LTD. 36 NO 6,433.47 398.00
0338316 37 289.08 9,630.00 1,444.50
ADAM YOUNG INC. 35 NO 9,112.03 .00
0720552 37 291.43 9,650.00 1,447.50
K-P PLAZA LIMITED PARTNERSHIP 34 NO 8,949.18 .00
1815253 25 135.00 3,000.00 450.00
S. R. HOEFT DIRECT, INC. 23 NO 2,894.45 .00
1963151 49 322.50 13,271.60 1,990.74
KONNERTH SALES ASSOCIATES INC. 47 NO 13,193.63 .00
2678804 37 89.70 3,082.47 462.37
CORNELL UNIVERSITY 36 NO 2,899.91 .00
2810109 34 760.40 22,260.00 1.00
MONTAGE INTERNATIONAL 34 NO 23,350.23 .00
2894452 37 199.65 5,906.80 1.00
COLLEGE FOR TOTS 35 NO 6,293.13 .00
3874613 37 209.10 7,185.57 1,077.84
DUGGAL COLOR PROJECTS, INC. 36 NO 6,759.99 418.20
3893856 37 99.30 3,000.00 300.00
CAMBRIDGE SEVEN ASSOCIATES 35 NO 3,130.02 198.63
4298953 25 1,358.68 29,472.61 2,947.26
INTERNATIONAL BUSINESS 24 NO 30,309.41 3,021.56
COLLEGE,
5123364 31 1,172.09 29,172.04 2.00
DIGITAL EXPRESS GROUP, INC. 26 NO 28,162.91 .00
5282051 37 93.99 2,965.00 444.75
BRONSON, HOWARD ASSOCIATES 36 NO 3,038.60 .00
INC.
5641253 37 151.00 5,000.00 750.00
COMPLETE MANAGEMENT SERVICE 32 NO 4,389.17 .00
INC.
5853551 37 440.64 13,600.00 1,360.00
PERRY DEAN ROGERS & PARTNERS; 34 NO 13,531.10 881.28
ARCH
6013851 37 1,188.46 33,686.63 2,694.93
MEDIA MARKETING AND MORE 35 NO 37,461.22 2,376.92
6152151 37 128.07 4,297.65 644.65
PFO PROFESSIONAL GROUP, INC. 35 NO 4,036.87 .00
6500751 53 211.93 8,409.89 420.49
RMC LONESTAR 52 NO 9,458.50 423.86
6869452 37 545.38 15,946.78 1,594.68
INSURANCE PROVIDERS OF 33 NO 16,301.42 1,090.76
AMERICA, INC.
7073953 34 1,350.00 38,359.00 1.00
ENVISIONS INC. 34 NO 41,455.57 .00
7175251 49 493.29 17,500.00 1,750.00
GENERAL STORE 48 NO 20,552.07 986.58
7323450 37 178.00 5,874.59 881.18
SPECTRAGRAPHIC NEW ENGLAND 32 NO 5,173.99 .00
INC.
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES
EQUIP DESC. AND CODE ACTUAL PAST DUE START DATE
LEASE# ST CURRENT PREPAID DAYS DELIN YIELD
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C>
7333550 SAVIN 9013 COPI 100 FL 1,984.00 .00 07/16/96 20.64%
NICHE ONE INC. 1,984.00 .00 4 - DAYS
7400250 MINOLTA EP 1080 100 CA 3,792.68 80.68 07/25/96 12.25%
ATOMIC INDUSTRIES, INC. 3,712.00 .00 17 - DAYS
7489950 MINOLTA EP 4050 100 MA 14,212.41 37.41 08/06/96 13.08%
CAMBRIDGE SCIENTIFIC COMPUTING 14,175.00 .00 6 - DAYS
INC.
7616250 MITA DC 1435 CO 100 MO 1,650.00 .00 08/13/96 10.75%
JOHN R. HIGHLEY TRUCKING 1,650.00 .00 1 - DAYS
7656550 VARIOUS EQUIPME ZZZ NY 3,848.00 .00 09/25/96 12.45%
BLOODY MARY INC. 3,848.00 .00 13 - DAYS
7679350 VARIOUS EQUIPME ZZZ NJ 19,803.30 .00 08/26/96 13.89%
SOMERSET HILLS HOTEL 19,803.30 .00 14 - DAYS
7694350 MINOLTA 2050 100 IL 5,174.80 152.20 08/25/96 12.25%
MADISON & SUMMERDALE, INC. 5,022.60 .00 17 - DAYS
7731750 MITA 3755 COPIE 100 AL 6,120.00 .00 08/27/96 12.08%
ALABAMA ALERT INC. 6,120.00 .00 15 - DAYS
7739850 MINOLTA 2050 100 CA 4,871.13 .00 08/29/96 12.81%
222, INC. DBA C-21 CHUCK 4,871.13 .00 17 - DAYS
STEVENS
7740450 MINOTL AEP 2152 100 MD 3,366.00 .00 09/13/96 12.86%
METRO POSTAL 3,366.00 .00 1 - DAYS
7741050 VARIOUS EQUIPME ZZZ NY 2,206.40 .00 10/01/96 16.79%
LAKEWOOD FUEL INC. 2,275.35 68.95 19 - DAYS
7747950 NASHUATEC 3413 100 CA 2,805.00 82.50 08/28/96 18.91%
A G WORLD TRANSPORT INC. 2,722.50 .00 14 - DAYS
7773750 CANON NP-8530 C 100 FL 26,037.00 .00 08/30/96 10.37%
DAVIS, MAGDA MONTIEL 26,037.00 18 - DAYS
PROFESSIONAL ASSO
7778150 MITA LDC 720 FA 400 TX 2,079.00 .00 08/30/96 20.11%
CINSA, INC. 2,079.00 .00 18 - DAYS
7796450 MINOLTA 4050 CO 100 OH 6,361.74 .00 09/03/96 10.37%
ST ROSE SCHOOL 6,554.52 192.78 21 - DAYS
7802150 MITA 1856 COPIE 100 MA 3,300.00 .00 09/03/96 12.06%
TELETRACK MARKETING SYSTEMS, 3,400.00 100.00 21 - DAYS
INC.
7805450 GESTETNER 2302Z 100 NJ 2,475.00 .00 09/03/96 20.29%
ST JOHNS CATHOLIC CHURCH 2,550.00 75.00 21 - DAYS
7806350 KONICA 1120 COP 100 NV 5,014.02 .00 09/03/96 14.66%
ALL AMERICAN MORTGAGE 5,165.96 151.94 21 - DAYS
7816450 MITA DC-2355 CO 100 NY 8,052.00 .00 09/04/96 9.80%
LIVING EARTH REALTY CORP. 8,296.00 244.00 22 - DAYS
7822750 AUSTIN DIRECT C 500 CA 3,190.90 .00 09/04/96 23.57%
MARUBA S.C.A. 3,190.90 .00 3 - DAYS
7825950 MINOLTA EP 1080 100 FL 4,125.00 .00 09/05/96 13.18%
INTERLABS CORP 4,250.00 125.00 23 - DAYS
7837050 KONICA 4145 COP 100 ME 9,112.00 .00 09/23/96 11.98%
FIRST LUTHERAN CHURCH 9,112.00 .00 11 - DAYS
7866550 RICOH FT4522 CO 100 MI 10,221.42 .00 09/09/96 13.23%
FAIRFAX DEVELOPMENT, INC. 10,531.16 309.74 27 - DAYS
7877351 COMPUQUICK COMP 500 FL 32,049.30 .00 10/08/96 12.85%
FLORIDA REMEDIATION SERVICES, 32,049.30 .00 4 - DAYS
INC.
7888250 MINOLTA 2152 DE 100 TX 1,870.00 .00 09/12/96 13.74%
PHOENIX S&R 1,870.00 .00 4 - DAYS
7889850 CANON C100 COLO 100 KS 1,650.00 .00 09/11/96 11.31%
CASA CARE 1,700.00 50.00 29 - DAYS
7904650 SAVIN 90132 100 FL 2,013.00 .00 09/12/96 19.70%
ST. LUCIE CELLULAR & PAGING, 2,074.00 61.00 30 - DAYS
INC.
7906250 CANON NP6012 CO 100 CA 1,390.24 57.28 09/12/96 17.41%
LOS ANGELES FREIGHTLINER 1,832.96 .00 30 - DAYS
<CAPTION>
RECEIVABLES RECEIVABLES
EQUIP DESC. AND CODE ACTUAL PAST DUE START DATE
LEASE# ST CURRENT PREPAID DAYS DELIN YIELD
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C>
7333550 37 62.00 1,797.10 269.57
NICHE ONE INC. 32 NO 1,802.18 62.00
7400250 37 116.00 3,879.60 581.94
ATOMIC INDUSTRIES, INC. 32 NO 3,371.82 232.00
7489950 49 315.00 12,857.14 1,928.57
CAMBRIDGE SCIENTIFIC COMPUTING 45 NO 12,408.31 .00
INC.
7616250 37 50.00 1,718.21 257.73
JOHN R. HIGHLEY TRUCKING 33 NO 1,494.50 100.00
7656550 40 104.00 3,687.94 553.19
BLOODY MARY INC. 37 NO 3,445.77 208.00
7679350 37 600.10 19,495.15 2,924.27
SOMERSET HILLS HOTEL 33 NO 17,937.01 1,670.00
7694350 37 152.20 5,090.32 763.55
MADISON & SUMMERDALE, INC. 33 NO 4,549.26 418.40
7731750 40 170.00 6,071.43 910.71
ALABAMA ALERT INC. 36 NO 5,495.93 .00
7739850 37 147.61 4,888.00 733.20
222, INC. DBA C-21 CHUCK 33 NO 4,412.07 .00
STEVENS
7740450 37 99.00 3,275.00 491.25
METRO POSTAL 34 NO 3,040.08 .00
7741050 34 68.95 2,195.85 329.38
LAKEWOOD FUEL INC. 33 NO 2,060.92 .00
7747950 37 82.50 2,254.02 1.00
A G WORLD TRANSPORT INC. 33 NO 2,465.93 165.00
7773750 37 789.00 27,301.04 4,095.16
DAVIS, MAGDA MONTIEL 33 NO 23,583.23 1,578.00
PROFESSIONAL ASSO
7778150 37 63.00 1,842.00 276.30
CINSA, INC. 33 NO 1,883.07 126.00
7796450 37 192.78 6,670.59 1,000.59
ST ROSE SCHOOL 34 NO 5,919.86 385.56
7802150 37 100.00 3,355.70 503.36
TELETRACK MARKETING SYSTEMS, 34 NO 3,070.78 .00
INC.
7805450 37 75.00 2,010.72 1.00
ST JOHNS CATHOLIC CHURCH 34 NO 2,303.09 150.00
7806350 37 151.94 4,704.02 470.40
ALL AMERICAN MORTGAGE 34 NO 4,665.75 284.00
7816450 37 244.00 8,531.47 1,279.72
LIVING EARTH REALTY CORP. 34 NO 7,492.71 488.00
7822750 37 93.85 2,503.41 200.27
MARUBA S.C.A. 34 NO 2,881.93 187.70
7825950 37 125.00 4,111.84 616.78
INTERLABS CORP 34 NO 3,838.48 308.85
7837050 37 268.00 8,072.29 1.00
FIRST LUTHERAN CHURCH 34 NO 8,229.70 536.00
7866550 37 309.74 9,163.91 1.00
FAIRFAX DEVELOPMENT, INC. 34 NO 9,511.44 328.32
7877351 49 681.90 26,430.38 1,585.82
FLORIDA REMEDIATION SERVICES, 47 NO 27,896.85 1,363.80
INC.
7888250 37 55.00 1,791.53 268.73
PHOENIX S&R 34 NO 1,688.93 .00
7889850 37 50.00 1,700.68 268.73
CASA CARE 34 NO 1,535.39 .00
7904650 37 61.00 1,648.65 1.00
ST. LUCIE CELLULAR & PAGING, 34 NO 1,873.18 61.00
INC.
7906250 34 57.28 1,807.00 271.05
LOS ANGELES FREIGHTLINER 32 NO 1,664.98 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
7951050 RICOH 4215 COPI 100 OH 3,026.00 .00 09/18/96 22.03%
CORNERS CHURCH OF GOD 3,026.00 .00 6 - DAYS
7967750 TRICAD 133MHZ M 500 IL 2,794.11 .00 09/19/96 22.66%
EUGENE V SCOLA 2,878.78 84.67 37 - DAYS
7968250 POWER COMPUTING 500 TX 21,382.60 .00 09/19/96 19.32%
IMAGINARY LINES INC. 21,382.60 .00 7 - DAYS
8017050 AUSTIN EDGE DUE 500 NM 5,756.88 .00 09/25/96 17.90%
THE UCC GUIDE INC. 5,756.88 .00 13 - DAYS
8027850 RICOH 3213 COPI 100 FL 3,258.90 .00 09/26/96 10.75%
SHARON SCHOOL OF EXCELLENCE, 3,258.90 .00 14 - DAYS
INC.
8069950 MITA DC 1755 CO 100 NJ 4,072.52 .00 09/30/96 11.88%
BONNER GROUP INC. 4,072.52 .00 18 - DAYS
8098950 VARIOUS COMPUTE 500 OH 7,810.82 .00 10/02/96 16.00%
R GREGORY SHELHOUSE DDS 8,040.55 229.73 20 - DAYS
8105950 POWER COMPUTING 500 PA 3,722.24 .00 10/02/96 21.16%
HARROWOOD BOOKS 4,056.85 334.61 50 - DAYS
8131150 KONICA 3135 COP 100 ME 10,023.40 .00 10/03/96 12.20%
UNITED CHURCH OF CHRIST 10,241.30 217.90 21 - DAYS
8143750 AMCAT SYSTEM 500 OH 35,130.24 .00 10/04/96 15.88%
CREATIVE EXTERIORS INC DBA 36,228.06 1,097.82 22 - DAYS
WINDOW
8146350 ETS PREDICTIVE 500 NC 41,660.77 .00 10/04/96 15.88%
VACATION RESOURCES INC. 42,886.80 1,226.03 22 - DAYS
8154350 POWER COMPUTING 500 CA 4,642.02 .00 10/07/96 21.16%
STEVEN VALLERGA DBA DESIGN & 4,778.55 136.53 25 - DAYS
PRODUC
8161650 ROYAL 2216 100 CA 1,147.30 .00 11/04/96 21.65%
BUSY BEE NURSERY SCHOOL 1,251.60 104.30 52 - DAYS
8169150 MINOLTA EP 1080 100 NY 4,046.00 .00 10/08/96 12.81%
AMERICAN BANANA CO. INC. 4,165.00 119.00 26 - DAYS
8189650 VARIOUS EQUIPME ZZZ NY 9,231.60 .00 11/01/96 12.34%
NETHERLANDS CONSULATE GENERAL 9,495.36 263.76 19 - DAYS
8203650 CPAQ-A0407 LTE 500 VT 2,359.04 .00 10/10/96 26.39%
JUDGE DEVELOPMENT CORP. 2,432.76 73.72 28 - DAYS
8226350 MIN 4233 100 GA 6,418.65 .00 10/23/96 12.81%
RESCUE ATLANTA 6,418.65 .00 11 - DAYS
8235050 VARIOUS EQUIPME ZZZ IL 18,873.75 .00 10/17/96 12.81%
RUNGE PAPER CO., INC. 18,873.75 .00 5 - DAYS
8235750 MIN 5320 100 VA 5,285.00 .00 10/14/96 12.81%
CONFLICT RESOLUTIONS J&S JAMES 5,285.00 .00 2 - DAYS
8255150 PC DESKTOP PB P 500 MI 2,603.88 72.33 10/17/96 20.76%
BENCHMARK FINANCIAL SERVICES 2,531.55 .00 25 - DAYS
8255950 COMPUTER 500 CA 44,680.30 .00 10/17/96 15.01%
Z-AXIS, LLC 44,680.30 .00 5 - DAYS
8258250 VARIOUS EQUIPME ZZZ CA 4,653.00 .00 11/08/96 13.08%
TRAVELODGE 4,752.00 99.00 26 - DAYS
8277102 MINOLTA EP 2050 100 CA 10,890.33 .00 08/07/96 12.81%
MILFORD WAYNE DONALDSON & 10,890.33 .00 5 - DAYS
ASSOCIATES
8293750 MINOLTA EP 2130 100 FL 1,820.00 .00 10/30/96 21.35%
MIAMI POOL CONSTRUCTION INC. 1,820.00 .00 18 - DAYS
8317250 COMPUTER 500 NC 12,588.84 349.69 10/24/96 12.36%
METASYS INC. 12,239.15 .00 18 - DAYS
8320150 MINOLTA 1080 100 FL 4,324.00 .00 10/29/96 13.08%
US-1 AMERICA, INC. 4,324.00 .00 17 - DAYS
<S> <C> <C> <C> <C> <C>
7951050 37 89.00 2,330.00 1.00
CORNERS CHURCH OF GOD 34 NO 2,733.00 .00
7967750 37 84.67 2,313.00 231.30
EUGENE V SCOLA 34 NO 2,600.03 169.34
7968250 37 628.90 17,873.00 1,429.84
IMAGINARY LINES INC. 34 NO 19,312.15 1,257.80
8017050 37 169.32 4,977.93 497.79
THE UCC GUIDE INC. 34 NO 5,199.45 338.64
8027850 37 95.85 3,293.81 494.07
SHARON SCHOOL OF EXCELLENCE, 34 NO 2,943.35 191.70
INC.
8069950 37 119.78 4,032.99 604.95
BONNER GROUP INC. 34 NO 3,678.18 .00
8098950 37 229.73 6,961.00 696.10
R GREGORY SHELHOUSE DDS 34 NO 7,241.27 459.46
8105950 37 115.91 3,204.00 256.32
HARROWOOD BOOKS 35 NO 3,653.58 231.82
8131150 49 217.90 9,071.80 1,360.77
UNITED CHURCH OF CHRIST 47 NO 8,914.39 435.80
8143750 34 1,097.82 32,100.00 1.00
CREATIVE EXTERIORS INC DBA 33 NO 32,813.87 .00
WINDOW
8146350 34 1,299.60 38,000.00 1.00
VACATION RESOURCES INC. 33 NO 38,845.08 .00
8154350 37 136.53 3,774.00 301.92
STEVEN VALLERGA DBA DESIGN & 35 NO 4,303.54 273.06
PRODUC
8161650 25 52.15 1,077.48 107.75
BUSY BEE NURSERY SCHOOL 24 NO 1,163.36 104.30
8169150 37 119.00 3,940.39 591.06
AMERICAN BANANA CO. INC. 35 NO 3,750.98 .00
8189650 37 263.76 8,807.00 1,321.05
NETHERLANDS CONSULATE GENERAL 36 NO 8,527.09 .00
8203650 34 73.72 1,900.00 1.00
JUDGE DEVELOPMENT CORP. 33 NO 2,203.49 .00
8226350 37 183.39 6,072.61 910.89
RESCUE ATLANTA 35 NO 5,780.60 .00
8235050 37 539.25 17,855.96 2,678.39
RUNGE PAPER CO., INC. 35 NO 16,997.59 .00
8235750 37 151.00 5,000.00 750.00
CONFLICT RESOLUTIONS J&S JAMES 35 NO 4,759.64 .00
8255150 37 72.33 2,033.92 203.39
BENCHMARK FINANCIAL SERVICES 35 NO 2,279.90 140.80
8255950 37 1,276.58 39,297.55 3,927.95
Z-AXIS, LLC 35 NO 40,238.83 2,553.16
8258250 49 99.00 4,040.82 606.12
TRAVELODGE 48 NO 4,124.66 .00
8277102 37 330.01 10,927.48 1,639.12
MILFORD WAYNE DONALDSON & 33 NO 9,864.01 .00
ASSOCIATES
8293750 37 52.00 1,489.97 223.50
MIAMI POOL CONSTRUCTION INC. 35 NO 1,639.08 .00
8317250 37 349.69 11,244.00 1,124.40
METASYS INC. 35 NO 11,022.51 699.38
8320150 49 92.00 3,755.10 563.26
US-1 AMERICA, INC. 47 NO 3,763.76 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
8325950 CANON NP6025 CO 100 FL 4,354.00 .00 10/25/96 11.88%
WILLY CHIRINO FOUNDATION 4,354.00 .00 13 - DAYS
8341950 RICOH FT6645 CO 100 TX 11,165.00 .00 10/29/96 10.56%
ATZENHOFFER CHEVROLET INC. 11,165.00 .00 17 - DAYS
8349150 RICOH 4727 100 PA 8,786.52 .00 10/28/96 14.83%
COMPUTER INFORMATION NETWORK 8,786.52 .00 16 - DAYS
INC., THE
8351050 VARIOUS EQUIPME ZZZ CA 40,027.55 .00 11/01/96 17.17%
SUCCESS DEVELOPMENT GROUP INC. 40,879.20 851.65 19 - DAYS
8379450 KONICA 2130 COP 100 NV 10,529.40 .00 11/01/96 12.44%
LIFESTYLE MUSIC NETWORK INC. 10,830.24 300.84 19 - DAYS
8387050 MINOLTA EP 1081 100 TX 2,708.25 .00 10/30/96 20.87%
COOK, GARY AGENCY, THE 2,708.25 .00 18 - DAYS
8395050 VARIOUS EQUIPME ZZZ OK 17,103.96 475.11 10/16/96 11.14%
HELPING HANDS HOME HEALTH INC. 16,628.85 .00 26 - DAYS
8403850 AUSTIN DUET 500 CA 6,605.55 .00 10/30/96 18.74%
CONAWAY & TURNER 6,605.55 .00 18 - DAYS
8404150 NATIONAL COMPUT 500 MA 30,768.21 .00 11/01/96 18.44%
PERRY, DEAN, ROGERS & PARTNERS 31,700.58 932.37 19 - DAYS
8456050 MINOLTA 9760 CO 100 TX 14,832.00 .00 11/25/96 12.72%
PATTERSON, MIKE ATTORNEY AT 14,832.00 .00 13 - DAYS
LAW
8481501 SAVIN 9035 COPI 100 MI 9,720.00 .00 08/19/96 12.35%
INFINITY BROADCASTING CORP DBA 9,720.00 .00 7 - DAYS
WXYT
<S> <C> <C> <C> <C> <C>
8325950 37 124.40 4,188.55 628.28
WILLY CHIRINO FOUNDATION 35 NO 3,921.19 .00
8341950 37 319.00 11,000.00 1,650.00
ATZENHOFFER CHEVROLET INC. 35 NO 10,055.14 638.00
8349150 36 244.07 8,504.18 1,276.63
COMPUTER INFORMATION NETWORK 36 NO 7,890.54 .00
INC., THE
8351050 49 851.65 31,325.00 3,807.25
SUCCESS DEVELOPMENT GROUP INC. 48 NO 35,482.52 1,703.30
8379450 37 300.84 10,028.04 1,504.21
LIFESTYLE MUSIC NETWORK INC. 36 NO 9,725.85 562.32
8387050 25 117.75 2,295.00 1.00
COOK, GARY AGENCY, THE 23 NO 2,524.60 .00
8395050 37 475.11 16,211.60 2,431.74
HELPING HANDS HOME HEALTH INC. 35 NO 14,975.85 950.22
8403850 37 188.73 5,392.52 400.37
CONAWAY & TURNER 35 NO 5,948.92 377.46
8404150 34 932.37 26,412.75 1.00
PERRY, DEAN, ROGERS & PARTNERS 34 NO 28,631.06 .00
8456050 49 309.00 12,716.05 1,907.41
PATTERSON, MIKE ATTORNEY AT 48 NO 12,873.95 1,038.00
LAW
8481501 49 216.00 8,962.65 1,344.40
INFINITY BROADCASTING CORP DBA 45 NO 8,508.55 432.00
WXYT
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
8490750 KONICA 1120 COP 100 GA 5,610.60 .00 11/0796 10.75%
SAVANNAH MARINE SERVICES INC 5,610.60 .00 5 - DAYS
8494150 RISO GR3750 DUP 100 MA 19,740.00 .00 11/07/96 12.17%
PETERS, CAROL 20,160.00 420.00 25 - DAYS
8494850 TOSHIBA 1340 CO 100 NJ 1,647.72 .00 11/12/96 20.68%
DR. CRAIG S. FABRIKANT 1,719.36 71.64 30 - DAYS
8495750 SHARP SD3062 CO 100 DC 28,451.92 .00 11/07/90 12.90%
NATIONAL ASSOC OF REAL ESTATE 29,057.28 605.36 25 - DAYS
8496550 CANON 6521 COPI 100 NJ 3,739.68 .00 11/12/96 10.74%
RAM COMPUTER PRODUCTS INC 3,739.68 .00 0 - DAYS
8503750 RICOH 3213 COPI 100 FL 1,729.58 4.58 11/08/96 24.60%
FORUM STEAKHOUSE OF FL INC 1,725.00 .00 4 - DAYS
8503850 MITA DC3055 /RA 100 CA 8,183.70 .00 11/08/96 10.56%
SANTA BARBARA INDEPENDENT, 8,417.52 233.82 26 - DAYS
INC, THE
8518350 MINOLTA EP 2130 100 NY 2,170.00 .00 11/18/96 12.81%
METROPOLIS INTERNATIONAL 2,232.00 62.00 36 - DAYS
REALTY INC
8518550 MITA 1435 COPIE 100 VA 1,368.00 .00 11/12/96 20.27%
NATIONWIDE INSURANCE 1,368.00 .00 0 - DAYS
8520150 KONICA 3135 COP 100 GA 19,502.65 .00 11/11/96 12.35%
PAULA JUNE DIAL DBA: POSTNET 19,917.60 414.95 29 - DAYS
8523150 VARIOUS EQUIPME ZZZ CO 7,586.28 .00 11/12/96 21.16%
MOON DESIGN 7,586.28 .00 0 DAYS
8528850 MITA DC 2355 CO 100 MA 7,630.00 .00 11/12/96 10.30%
CAMBRIDGE COLLEGE INC 7,848.00 218.00 30 - DAYS
8544250 CANON PC 6 RE C 100 CA 709.36 .00 11/25/96 21.65%
FUTURE FUNDRAISING 1,200.00 490.64 43 - DAYS
8544850 KONICA 2130 COP 100 ME 9,100.00 .00 11/13/96 12.62%
B&B INC DBA CENTURY 21 SURETTE 9,360.00 260.00 31 - DAYS
REAL
8552750 CANON NP 6521 100 PA 8,272.00 .00 11/19/96 13.27%
INDUSTRIAL TECHNICAL SERVICE 8,448.00 176.00 37 - DAYS
INC
8554250 MINOLTA EP 2130 100 MA 2,343.67 .00 11/22/96 22.39%
NEW ENGLAND PERSONAL INC 2,450.19 106.52 40 - DAYS
8561903 SAVIN 9450 COPI 100 RI 14,100.00 .00 11/05/96 12.17%
MOSES BROWN SCHOOL 14,400.00 300.00 23 - DAYS
8562350 RISO 3750 SUPLI 100 FL 30,600.00 .00 11/18/96 11.96%
NATIONAL EDUCATION SEMINARS OF 30,600.00 .00 6 - DAYS
FLORIDA
8569850 TOSHIBA 5020 100 MA 7,489.08 .00 11/15/96 10.56%
GERARD A. TREPANIER, CPA 7,489.08 .00 3 - DAYS
8569950 MITA 1435 COPIE 100 NY 2,415.00 .00 11/15/96 19.75%
GARDEN CITY PEDIATRICS PC 2,484.00 69.00 33 - DAYS
8570250 MITA COPYSTAR C 100 OH 1,944.00 .00 11/19/96 19.91%
INDIAN VALLEY APARTMENTS 1,944.00 .00 7 - DAYS
8573850 KONICA 1015 COP 100 TX 3,086.96 .00 11/18/96 17.03%
ORTHOPEDIC SERVICES INC 3,152.64 65.68 36 - DAYS
8576950 VARIOUS EQUIPME ZZZ MA 14,350.08 .00 11/18/96 13.27%
SUMMIT PLASTIC SOLUTIONS INC 14,350.08 .00 6 - DAYS
8584350 MINOLTA EP 1080 100 FL 4,320.00 .00 11/21/96 12.25%
NETWORK REALTY ADVISORS INC 4,320.00 .00 9 - DAYS
8591350 MITA DC-2155 CO 100 NY 4,860.00 .00 11/19/96 10.75%
BECKMANN & BECKMANN 4,860.00 .00 7 - DAYS
INTERNATIONAL
8595750 KONICA 3135 COP 100 AZ 9,104.40 .00 11/19/96 10.37%
HAROLD GRAVES & SANDRA 9,104.40 .00 7 - DAYS
CORPORON
<S> <C> <C> <C> <C> <C>
8490750 37 155.85 5,355.67 803.35
SAVANNAH MARINE SERVICES INC 36 NO 5,038.47 311.70
8494150 49 420.00 17,500.00 2,625.00
PETERS, CAROL 48 NO 17,498.57 840.00
8494850 25 71.64 1,399.12 1.00
DR. CRAIG S. FABRIKANT 24 NO 1,598.14 .00
8495750 49 605.36 24,809.84 3,721.48
NATIONAL ASSOC OF REAL ESTATE 48 NO 25,221.28 .00
8496550 37 103.88 3,570.08 535.51
RAM COMPUTER PRODUCTS INC 36 NO 3,358.34 196.00
8503750 23 75.00 1,585.62 237.84
FORUM STEAKHOUSE OF FL INC 23 NO 1,608.03 75.00
8503850 37 233.82 8,062.75 1,209.41
SANTA BARBARA INDEPENDENT, 36 NO 7,559.16 .00
INC, THE
8518350 37 62.00 2,052.98 307.95
METROPOLIS INTERNATIONAL 36 NO 2,004.40 .00
REALTY INC
8518550 25 57.00 1,117.65 1.00
NATIONWIDE INSURANCE 24 NO 1,271.56 114.00
8520150 49 414.95 17,218.26 2,582.74
PAULA JUNE DIAL DBA: POSTNET 48 NO 17,288.17 414.95
8523150 37 210.73 5,825.00 466.00
MOON DESIGN 36 NO 6,812.69 421.46
8528850 37 218.00 7,553.00 1,132.95
CAMBRIDGE COLLEGE INC 36 NO 7,047.72 436.00
8544250 25 50.00 1,033.06 103.31
FUTURE FUNDRAISING 24 NO 1,115.40 100.00
8544850 37 260.00 8,637.87 1,295.68
B&B INC DBA CENTURY 21 SURETTE 36 NO 8,405.54 520.00
REAL
8552750 49 176.00 7,154.47 1,073.17
INDUSTRIAL TECHNICAL SERVICE 48 NO 7,332.74 .00
INC
8554250 23 106.53 2,084.74 1.00
NEW ENGLAND PERSONAL INC 23 NO 2,284.04 .00
8561903 49 300.00 12,500.00 1,875.00
MOSES BROWN SCHOOL 48 NO 12,498.98 600.00
8562350 49 637.50 26,690.03 4,001.05
NATIONAL EDUCATION SEMINARS OF 48 NO 26,560.33 1,275.00
FLORIDA
8569850 37 208.03 7,172.41 1,075.86
GERARD A. TREPANIER, CPA 36 NO 6,725.40 655.09
8569950 37 69.00 2,029.41 304.41
GARDEN CITY PEDIATRICS PC 36 NO 2,230.70 138.00
8570250 37 54.00 1,538.49 153.85
INDIAN VALLEY APARTMENTS 36 NO 1,745.77 105.30
8573850 49 65.68 2,460.00 369.00
ORTHOPEDIC SERVICES INC 48 NO 2,736.44 .00
8576950 49 298.96 12,152.84 1,822.93
SUMMIT PLASTIC SOLUTIONS INC 48 NO 12,445.65 627.82
8584350 37 120.00 4,013.37 602.00
NETWORK REALTY ADVISORS INC 36 NO 3,879.48 280.00
8591350 37 135.00 4,639.18 695.88
BECKMANN & BECKMANN 36 NO 4,364.41 270.00
INTERNATIONAL
8595750 37 252.90 8,750.87 1,312.63
HAROLD GRAVES & SANDRA 36 NO 8,176.00 505.80
CORPORON
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
8602850 RICOH 4727 COPI 100 FL 8,954.28 .00 11/20/96 13.74%
JR'S GRAPHIC AND PRINTING 8,954.28 .00 8 - DAYS
COMPANY
8606050 ITEK SILVER MAS 100 TX 11,491.20 .00 11/20/96 10.80%
ENTEX BUSINESS FORMS 11,491.20 .00 8 - DAYS
8630350 KONICA 1290 RE 100 NE 1,200.00 .00 11/25/96 21.93%
ROYS WINDOW SERVICE INC 1,200.00 .00 13 - DAYS
8636250 MITA DC-1856 CO 100 NY 3,996.00 .00 11/25/96 10.75%
AIR TOWN COOLING INC 3,996.00 .00 13 - DAYS
8647750 SHARP SF 2114 C 100 RI 2,108.16 .00 11/27/96 24.34%
CLARKIN CORPORATION 2,108.16 .00 15 - DAYS
8652750 VARIOUS EQUIPME ZZZ OH 3,973.68 .00 11/25/96 13.74%
SAPPHIRE TEMPERATURE CONTROL 3,973.68 .00 13 - DAYS
PLUS
8664650 POWER COMPUTING 500 NY 7,508.20 .00 11/26/96 21.16%
ZOWIE FEATURES 7,722.72 214.52 44 - DAYS
8693350 SHARP 2030 100 PA 9,128.52 .00 11/27/96 10.93%
MOLDED ACOUSTICAL PRODUCTS OF 9,128.52 .00 15 - DAYS
EAST
8860143 CANON LC 7000 F 400 NY 2,765.00 .00 11/10/96 13.18%
TOWN SPORTS INT'L 2,844.00 79.00 28 - DAYS
9026402 MINOLTA 3050 CO 100 TX 9,240.00 .00 08/06/96 13.08%
APPRAISAL SERVICES INC 9,450.00 210.00 24 - DAYS
<S> <C> <C> <C> <C> <C>
8602850 37 248.73 8,101.95 1,215.29
JR'S GRAPHIC AND PRINTING 36 NO 8,041.19 497.46
COMPANY
8606050 37 319.20 10,534.65 1,053.47
ENTEX BUSINESS FORMS 36 NO 10,319.41 638.40
8630350 25 50.00 1,066.10 159.92
ROYS WINDOW SERVICE INC 24 NO 1,115.40 100.00
8636250 37 111.00 3,814.43 572.16
AIR TOWN COOLING INC 36 NO 3,588.52 222.00
8647750 37 58.56 1,600.00 240.00
CLARKIN CORPORATION 36 NO 1,893.19 117.12
8652750 37 110.38 3,595.44 539.32
SAPPHIRE TEMPERATURE CONTROL 36 NO 3,568.47 220.76
PLUS
8664650 37 214.52 5,930.00 474.40
ZOWIE FEATURES 36 NO 6,935.21 429.04
8693350 37 253.57 8,683.90 1,302.59
MOLDED ACOUSTICAL PRODUCTS OF 36 NO 8,197.66 498.48
EAST
8860143 37 79.00 2,598.68 389.80
TOWN SPORTS INT'L 36 NO 2,553.99 .00
9026402 49 210.00 8,571.43 1,285.71
APPRAISAL SERVICES INC 45 NO 8,272.20 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
9091901 SHARP 2040 COPI 100 OH 10,620.00 .00 08/14/96 10.95%
APPLE PARTNERS LIMITED 10,620.00 .00 2 - DAYS
PARTNERSHIP
9095201 AB DICK 6120 DI 100 VA 3,786.24 .00 08/13/96 15.29%
SHENANDOAH DISTRICT CHURCH 3,904.56 118.32 31 - DAYS
9123003 NP 6650 CANON C 100 NY 13,108.37 .00 08/01/96 11.69%
H. PARK CENTER LCC, R. PARK 13,530.00 421.63 19 - DAYS
CENTRAL
9191901 SAVIN 3640 FAX 400 TX 1,600.00 .00 07/25/96 10.93%
PERSONNEL CONNECTION INC 1,600.00 .00 13 - DAYS
9251002 CANON 6025 COPI 100 NY 1,472.00 .00 11/05/96 13.30%
ADELIS INTERNATIONAL SECURITY 1,518.00 46.00 23 - DAYS
INC
TOTAL LEASES: 131 1,318,301.91 1,543.87
1,331,549.69 14,791.65
<S> <C> <C> <C> <C> <C>
9091901 40 295.00 10,766.42 1,614.96
APPLE PARTNERS LIMITED 36 NO 9,537.05 .00
PARTNERSHIP
9095201 37 118.32 3,400.00 1.00
SHENANDOAH DISTRICT CHURCH 33 NO 3,536.59 .00
9123003 37 410.00 13,851.35 2,077.70
H. PARK CENTER LCC, R. PARK 33 NO 12,254.91 .00
CENTRAL
9191901 37 50.00 1,712.33 256.85
PERSONNEL CONNECTION INC 32 NO 1,453.37 100.00
9251002 34 46.00 1,411.04 211.66
ADELIS INTERNATIONAL SECURITY 33 NO 1,374.94 99.59
INC
TOTAL LEASES: 131 36,670.55 1,189,416.92 126,474.13
1,190,974.96 43,656.53
</TABLE>
- - - - - - -S U M M A R Y- - - - - -
AVERAGE TERM REMAINING: 33 MONTHS
TOTAL MONTHLY PAYMENT: 36,670.55
TOTAL RESIDUAL VALUE: 126,474.13
TOTAL SECURITY DEPOSITS: 43,656.53
TOTAL PRESENT VALUE: 1,190,974.96
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
DELINQUENCY REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL.
PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C>
7957303 43 6,889.78 194.00
8235202 51 794.44 29.90
8259203 47 5,376.22 241.00
8369910 60 1,829.08 68.84 68.84
8369911 62 1,944.03 68.84 68.84
8516601 37 3,001.65 140.00
8585302 56 9,571.21 211.00
8609701 33 4,105.25 165.00
8650612 56 17,821.45 470.79
8650613 86 22,013.06 581.52 581.52
8651511 35 2,016.02 78.36
8736603 62 5,174.42 262.80 262.80
8761801 38 4,625.52 150.63
8763401 41 2,404.51 93.46
8870702 42 3,349.19 196.73
8949401 87 2,293.47 106.97 106.97
8979525 38 1,350.47 65.66
9030302 35 2,054.84 65.19
9235801 46 20,092.93 422.76
9238202 39 1,277.00 39.50
TOTAL PAST DUE PAYMENTS OVER 30 DAYS
TOTAL PAYMENTS: 106,778.94 89,539.82 17,239.12
TOTAL # LEASES: 412
TOTAL PRESENT VALUE: 2,818,838.29
<CAPTION>
LEASE# AND NAME 90 DAYS + DEL.
PAYMENT AMOUNT
<S> <C> <C>
7957303 194.00
8235202 29.90
8259203 241.00
8369910 137.68
8369911 137.68
8516601 140.00
8585302 211.00
8609701 165.00
8650612 470.79
8650613 1,163.04
8651511 78.36
8736603 525.60
8761801 150.63
8763401 93.46
8870702 196.73
8949401 213.94
8979525 65.66
9030302 65.19
9235801 422.76
9238202 39.50
TOTAL PAST DUE
PAYMENTS OVER
30 DAYS
TOTAL
PAYMENTS: 106,778.94 .00 106,778.94
TOTAL # LEASES: 412
TOTAL PRESENT
VALUE: 2,818,838.29
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
CASH SUMMARY
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 9:07 AM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 12/13/96 6:26 PM
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
<TABLE>
<CAPTION>
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
<S> <C> <C>
7637201 699.78 PREPAYMENTS
7931501 4,234.88 UPGRADE
8464302 1,856.37 UPGRADE
8464303 595.35 UPGRADE
PREPAYMENTS 18,028.11
UPGRADE 48,827.43
REBOOKED 11,649.90
GRAND TOTAL 78,505.44
</TABLE>
<PAGE>
Copelco Capital
CCFC II-96
Amortization Schedule
Dec Pymt 6,746,142 (per 1/97 Servicer Report)
<TABLE>
<CAPTION>
Month Cash Flow Interest Service Principal Principal
Fees Reduction Balance
<S> <C> <C> <C> <C> <C> <C>
207,996,473.29
6 Jan-97 6,772,192.38 1,103,993.28 129,997.80 5,538,201.30 202,458,271.99
7 Feb-97 6,746,062.67 1,103,993.28 129,997.80 5,512,071.59 196,946,200.39
8 Mar-97 6,714,735.84 1,045,341.20 123,091.38 5,546,303.27 191,399,897.12
9 Apr-97 6,725,801.99 1,015,902.80 119,624.94 5,590,274.25 185,809,622.87
10 May-97 6,715,539.98 986,231.03 116,131.01 5,613,177.94 180,196,444.93
11 Jun-97 6,741,065.65 956,437.68 112,622.78 5,672,005.19 174,524,439.74
12 Jul-97 6,713,645.55 926,332.10 109,077.77 5,678,235.68 168,846,204.06
13 Aug-97 6,688,225.46 896,193.44 105,528.88 5,686,503.14 163,159,700.92
14 Sep-97 6,677,193.80 866,010.90 101,974.81 5,709,208.08 157,450,492.84
15 Oct-97 6,691,075.12 835,707.85 98,406.56 5,756,960.71 151,693,532.13
16 Nov-97 6,669,316.70 805,151.35 94,808.46 5,769,356.90 145,924,175.23
17 Dec-97 6,654,395.52 774,529.04 91,202.61 5,788,663.87 140,135,511.36
18 Jan-98 6,661,961.11 743,804.26 87,584.69 5,830,572.15 134,304,939.21
19 Feb-98 6,631,082.77 712,857.04 83,940.59 5,834,285.14 128,470,654.06
20 Mar-98 6,595,943.96 681,890.11 80,294.16 5,833,759.69 122,636,894.38
21 Apr-98 6,613,679.08 650,925.98 76,648.06 5,886,105.04 116,750,789.33
22 May-98 6,593,200.96 619,684.00 72,969.24 5,900,547.71 110,850,241.62
23 Jun-98 6,609,555.64 588,365.37 69,281.40 5,951,908.87 104,898,332.75
24 Jul-98 6,555,122.24 556,774.13 65,561.46 5,932,786.66 98,965,546.09
25 Aug-98 6,496,879.17 525,284.38 61,853.47 5,909,741.33 93,055,804.76
26 Sep-98 6,373,453.40 493,916.95 58,159.88 5,821,376.57 87,234,428.19
27 Oct-98 6,123,187.17 463,018.54 54,521.52 5,605,647.12 81,628,781.07
28 Nov-98 5,889,846.54 433,265.16 51,017.99 5,405,563.39 76,223,217.69
29 Dec-98 5,619,279.87 404,573.78 47,639.51 5,167,066.58 71,056,151.11
30 Jan-99 5,268,680.58 377,148.29 44,410.09 4,847,122.20 66,209,028.91
31 Feb-99 4,983,585.89 351,420.97 41,380.64 4,590,784.27 61,618,244.64
32 Mar-99 4,615,624.05 327,054.24 38,511.40 4,250,058.41 57,368,186.23
33 Apr-99 4,481,062.67 304,495.99 35,855.12 4,140,711.56 53,227,474.66
34 May-99 4,203,376.96 282,518.13 33,267.17 3,887,591.66 49,339,883.00
35 Jun-99 3,922,402.13 261,883.76 30,837.43 3,629,680.94 45,710,202.07
36 Jul-99 3,558,507.46 242,618.33 28,568.88 3,287,320.26 42,422,881.81
37 Aug-99 3,301,158.42 225,170.05 26,514.30 3,049,474.07 39,373,407.74
38 Sep-99 3,117,500.57 208,984.20 24,608.38 2,883,907.99 36,489,499.75
39 Oct-99 2,993,442.77 193,677.14 22,805.94 2,776,959.69 33,712,540.06
40 Nov-99 2,864,106.32 178,937.73 21,070.34 2,664,098.25 31,048,441.82
41 Dec-99 2,740,103.92 164,797.37 19,405.28 2,555,901.28 28,492,540.54
42 Jan-2000 2,640,038.99 151,231.28 17,807.84 2,470,999.87 26,021,540.67
43 Feb-2000 2,545,602.48 138,115.83 16,263.46 2,391,223.18 23,630,317.48
44 Mar-2000 2,416,453.02 125,423.82 14,768.95 2,276,260.25 21,354,057.23
45 Apr-2000 2,339,175.25 113,342.00 13,346.29 2,212,486.97 19,141,570.26
46 May-2000 2,247,336.25 101,598.67 11,963.48 2,133,774.10 17,007,796.16
</TABLE>
<PAGE>
Copelco Capital
CCFC II-96
Amortization Schedule
Dec Pymt 6,746,142 (per 1/97 Servicer Report)
<TABLE>
<CAPTION>
Month Cash Flow Interest Service Principal Principal
Fees Reduction Balance
<S> <C> <C> <C> <C> <C> <C>
47 Jun-2000 2,144,404.46 90,273.13 10,629.87 2,043,501.46 14,964,294.71
48 Jul-2000 2,045,074.70 79,426.74 9,352.68 1,956,295.28 13,007,999.43
49 Aug-2000 1,926,598.69 69,043.21 8,130.00 1,849,425.48 11,158,573.94
50 Sep-2000 1,853,968.02 59,226.92 6,974.11 1,787,766.99 9,370,806.95
51 Oct-2000 1,764,867.49 49,737.90 5,856.75 1,709,272.84 7,661,534.12
52 Nov-2000 1,614,048.56 40,665.51 4,788.46 1,568,594.59 6,092,939.53
53 Dec-2000 1,417,511.93 32,339.80 3,808.09 1,381,364.04 4,711,575.48
54 Jan-2001 1,232,238.44 25,007.86 2,944.73 1,204,285.84 3,507,289.64
55 Feb-2001 1,035,610.44 18,615.82 2,192.06 1,014,802.57 2,492,487.07
56 Mar-2001 824,177.77 13,229.50 1,557.80 809,390.47 1,683,096.61
57 Apr-2001 760,847.59 8,933.46 1,051.94 750,862.20 932,234.41
58 May-2001 587,114.29 4,948.07 582.65 581,583.58 350,650.83
59 Jun-2001 404,906.39 1,861.17 219.16 402,826.07 (52,175.23)
60 Jul-2001 212,231.76 (276.93) (32.61) 212,541.30 (264,716.54)
61 Aug-2001 61,668.63 (1,405.05) (165.45) 63,239.13 (327,955.66)
62 Sep-2001 31,694.36 (1,740.71) (204.97) 33,640.04 (361,595.70)
63 Oct-2001 25,095.98 (1,919.26) (226.00) 27,241.24 (388,836.94)
64 Nov-2001 21,294.62 (2,063.85) (243.02) 23,601.49 (412,438.43)
65 Dec-2001 17,253.72 (2,189.12) (257.77) 19,700.61 (432,139.05)
66 Jan-2002 14,617.59 (2,293.69) (270.09) 17,181.36 (449,320.41)
67 Feb-2002 12,505.74 (2,384.88) (280.83) 15,171.45 (464,491.85)
68 Mar-2002 10,467.39 (2,465.41) (290.31) 13,223.10 (477,714.96)
69 Apr-2002 5,493.11 (2,535.59) (298.57) 8,327.27 (486,042.23)
70 May-2002 5,493.11 (2,579.79) (303.78) 8,376.68 (494,418.91)
71 Jun-2002 5,493.11 (2,624.25) (309.01) 8,426.37 (502,845.28)
72 Jul-2002 5,493.11 (2,668.98) (314.28) 8,476.37 (511,321.65)
73 Aug-2002 5,069.62 (2,713.97) (319.58) 8,103.16 (519,424.81)
74 Sep-2002 5,069.62 (2,756.98) (324.64) 8,151.24 (527,576.05)
75 Oct-2002 3,930.61 (2,800.24) (329.74) 7,060.59 (534,636.64)
76 Nov-2002 3,930.61 (2,837.72) (334.15) 7,102.48 (541,739.11)
77 Dec-2002 3,216.61 (2,875.42) (338.59) 6,430.61 (548,169.72)
78 Jan-2003 3,216.61 (2,909.55) (342.61) 6,468.76 (554,638.49)
79 Feb-2003 3,216.61 (2,943.88) (346.65) 6,507.14 (561,145.63)
80 Mar-2003 2,646.13 (2,978.42) (350.72) 5,975.27 (567,120.90)
81 Apr-2003 2,646.13 (3,010.14) (354.45) 6,010.72 (573,131.61)
82 May-2003 2,646.13 (3,042.04) (358.21) 6,046.38 (579,177.99)
83 Jun-2003 520.14 (3,074.13) (361.99) 3,956.26 (583,134.25)
233,586,880.12 22,372,820.54 2,634,452.04 208,579,607.55
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP II-96 Page 1
MONTHLY SERVICER REPORT 15-Jan-97
January 20, 1997 04:21 PM
MONTHS IN PROGRESS 5
<TABLE>
<CAPTION>
Line
<S> <C> <C>
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 213,476,109.10
1/2 Less: Lease Receivables - current month 6,746,141.65
1/3 Add: Actual Interest Payment (Weighted Avg A, B & C notes) 1,133,077.97
1/4 Add: 0.75% Servicing Component 133,422.57
1/5 Less: Current month Nonperforming 813,668.60
1/5a Less: Warranty Leases -
1/6 Less: Amounts on Early Terminations 477,420.01
1/7 Add: Amounts due to Substitutions 813,677.51
1/8 Add: Amounts due to Additional leases (Prepaid Leases) 477,416.40
----------
1/9 Ending Net Present Value 207,966,473.29
===============
2 Overdue Lease Payments - see computer detail
2/1 Beginning Balance 954,488.41
2/2 (Memo) Overdue Payments Received 758,749.91
2/3 Less: Reimbursed Per This Report 758,749.91
2/4 Less: Past Dues on Disqualified Leases - Early Terminations 10,033.59
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 73,121.62
2/6 Add: Last Month's Current Payments that became Past Due 866,577.77
2/7 Add: Received on Replacement Leases 500.24
2/8 (MEMO) Net New Advances 866,577.77
2/9 Ending Balance 979,661.30
===============
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,296,630.28
3/2 Less: Amount Used 62,497.28
3/3 Ending Maximum Availability 16,234,133.00
===============
3/4 (Memo) Amount Realized 759,718.61
===============
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases substituted 2,259,155.83
3/6 LTD Residuals of Substitutions 2,558,118.82
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,138,110.03
4/2 Less: Applied to Current from Prepaid 877,685.48
4/3 Less: Advance on Disqualified Leases 125,943.00
4/4 Add: Received This Month 1,165,994.00
4/5 Add: Received on Replacement Leases 20,855.83
---------------
4/6 Ending Balance 3,321,331.38
===============
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases only) OVER 5.0% Y/N
5/2 Overdue payments and PV on leases over 62 but less than 122 days 756,992.32
5/3 PV of performing leases 207,996,473.29
5/4 Delinquency Rate Current Month 0.36%
5/5 Second Preceding Month 0.26%
5/6 Third Preceding Month 0.28%
5/7 Average 0.31%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,668,451.36
6/2 Less: New Obligations: Total Shortfall (B9) -
6/3 Plus: Interest earned on Cash Reserve Acct. 10,956.89
---------------
6/4 Ending Balance 2,679,408.25
===============
6/5 1.25% of Outstanding Note Value 2,599,955.92
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,599,955.92
6/8 Cash Reserve Release (6/4-6/7) 79,452.34
6/9 Ending Balance Cash Reserve Account 2,599,955.92
===============
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
---------------
7/4 Ending Balance -
===============
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP II-96 Page 2
MONTHLY SERVICER REPORT 15-Jan-97
January 20, 1997 04:21 PM
<TABLE>
<S> <C>
Nonperforming Leases
8/1 Beginning Balance of Nonpreforming Leases -
8/2 Plus Current Month Additions -
8/3 Plus Past Due Payments on Non Performing Leases -
8/4 Less Current Month Recoveries -
-------------
8/5 Ending Balance -
=============
Cash Receipts
Line
A/1 Regular monthly payments 5,124,660.86
A/2 Overdue payments 758,749.91
A/3 Overdue Payments due on Early Termination and Termed Out Leases (From Seller) 10,033.59
A/4 Advance Payments of monthly rentals 1,044,182.13
A/5 Residual Values 121,811.87
A/6 Recoveries on Defaulted Leases -
A/7 Proceedings from investment of Collection Account funds 30,504.28
A/8 Draws upon Residual Account -
A/9 Casualty and Termination Payments -
A/10 Servicer Advances 866,577.77
-------------
A/11 Total receipts 7,956,520.41
=============
Disbursement Requirements
Line
B/1 Past Due Payments Collected, Due Servicer (COLLECTION ACCT) 758,749.91
B/2 Overdue Payments Advanced, on Disqualified Leases (COLLECTION ACCT) 83,155.21
B/3 Servicing Fee (COLLECTION ACCOUNT) 133,422.57
B/4 Advance Payments on Disqualified Leases (COLLECTION ACCOUNT) 125,943.00
----------
B/5 Total to Servicer 1,101,270.69
=============
B/6 Collection Account - Advanced Rents (Monthly-Increase/(Decrease)) 183,221.35
=============
B/7 Net cash receipts 6,672,028.37
=============
B/8 Shortfall (1/1-1/9+C/1+C/2+C/3-B/7) -
B/9 Draw on Cash Reserve -
B/10 Draw on Residual Account -
B/11 Total Available Funds 6,672,028.37
C Noteholders
C/1 Class A Interest Paid 6.34% 1,029,175.24
C/2 Class B Interest Paid 6.59% 70,340.65
C/3 Class C Interest Paid 6.86% 33,562.08
C/4 Beginning Class A Note Balance 194,796,575.54
C/5 Class A Note Value Target (91.25% of 1/9) 189,796,407.86
C/6 Class A Principal Paid (min((C/4-C/5),B11-C/1-C/2-C/3) 5,000,167.88
C/7 Ending Class A Note Balance 189,796,407.86
C/8 Beginning Class B Note Balance 12,808,615.93
C/9a Class B Note Value Target (6% of 1/9) 12,479,837.78
C/9b Class B Note Value Floor (2.5% of $235,449,117+Cum. Losses-C/12-6/4) -
C/10 Class B Principal Paid ((min((C/8-max(C/9a, C/9b)), B11-C/1-C/2-C/3-C/6)) 328,778.15
C/11 Ending Class B Note Balance 12,479,837.78
C/12 Beginning Class C Note Balance 5,870,917.63
C/13a Class C Note Value Target (2.75% of 1/9) 5,720,227.65
C/13b Class C Note Value Floor (1% of $235,449,177+Cum. Losses-6/4) -
C/14 Class C Principal Paid (min((C/12-max(C/13a, C/13b)), B/11-C/1-C/2-C/3-C/6-C/10)) 150,689.98
C/15 Ending Class C Note Balance 5,720,227.65
C/16 Balance Available for Distribution to Copelco 59,314.59
D Miscellaneous Tracking Items
D/1 % of Total Nonperforming and Warranty substituted as per Initial Outs. Note Value 4.72%
D/2 (MEMO) Cumulative amounts on Early Lease Terminations due to modification of leases -
D/3 (MEMO) Cumulative amounts of additional leases purchased 3,801,255.31
D/4 (MEMO) Avg. residual realization greater than booked residual by Document Imaging and Yes
Major Accounts division for last three months (Yes/No)
D/5 % of Total Variance of Residuals substituted for Non-Performing & Prepaid leases and 0.93%
residuals of Substituted leases to Initial pool booked residuals
</TABLE>
<PAGE>
MONTHLY ACTIVITY
REPORT
<PAGE>
MONTHLY ACTIVITY BY LEASE
<TABLE>
<CAPTION>
Lease # ----------Opening ----------Cash Application----------
Balance---------
Lease # Prepaid Current Past Due Prepaid Current Past Due Replace, Add or Disqual
<S> <C> <C> <C> <C> <C> <C> <C>
9244707 .0 1,504.1 .00 .0 57.8 .00 .00
9244708 .0 1,805.1 .00 .0 69.4 .00 .00
9244709 57.6 1,672.4 .00 .0 .0 .0 .00
9245401 .0 51,003.7 .00 .0 1,133.4 .00 .00
9247001 559.0 17,331.1 .00 .0 559.0 .00 .00
9250201 .0 5,425.0 .00 .0 175.0 .00 .00
9251002 46.0 1,518.9 .00 .0 46.0 .00 .00
9253501 359.7 7,825.2 .00 .0 280.7 .00 .00
9255701 250.0 11,250.6 .00 .0 .0 .00 .00
9256601 135.3 3,788.6 .00 .0 135.3 .00 .00
9256901 .0 24,649.8 .00 .0 648.6 .00 .00
9257008 329.7 10,658.9 .00 .0 .0 .00 .00
9257009 .0 9,023.0 .00 .0 .0 .00 .00
9257201 255.0 8,160.0 .00 .0 .0 .00 .00
9267301 102.4 5,021.0 .00 .0 102.4 .00 .00
9267801 260.0 9,620.0 .00 .0 .0 .00 .00
9268303 .0 4,885.0 .00 .0 232.6 .00 .00
9268304 .0 4,055.0 .00 .0 139.1 .00 .00
9268305 108.8 3,157.8 .00 .0 108.8 .00 .00
9168801 .0 6,176.0 .00 .0 193.0 .00 .00
9269301 .0 74,340.5 .00 .0 .0 .00 .00
9270401 188.0 6,392.0 .00 .0 .0 .00 .00
9271001 .0 5,175.0 .00 .0 225.0 .00 .00
9271202 270.0 7,560.0 .00 .0 270.0 .00 .00
9273601 945.7 25,457.5 .00 .0 .0 .00 .00
9274201 .0 1,936.0 .00 .0 88.0 .00 .00
9276602 1.0 7,208.5 .00 .0 .0 .00 .00
240,307,364.67 1,044,182.13 758,749.91
3,137,139.44 754,488.41 5,124,660.86 23,550.54
<CAPTION>
Lease # ----------Closing Balance----------
Lease # Prepaid Current Past Due Days Del.
<S> <C> <C> <C> <C>
9244707 .0 1,446. .00 29-
9244708 .0 1,735. .00 29-
9244709 .0 1,614. .00 12-
9245401 .0 49,870. .00 23-
9247001 559.0 16,772. .00 31-
9250201 .0 5,250. .00 26-
9251002 46.0 1,472. .00 35-
9253501 327.4 7,512. .00 56-
9255701 .0 11,000. .00 20-
9256601 135.3 3,653. .00 57-
9256901 .0 24,001. .00 30-
9257008 .0 10,166 112.24 6-
9257009 .0 8,711. 311.14 7
9257201 .0 7,905. .00 16-
9267301 102.4 4,918. .00 31-
9267801 .0 9,360. .00 6-
9268303 .0 4,652. .00 22-
9268304 .0 3,895. .00 21-
9268305 108.8 3,048. .00 36-
9168801 .0 5,983. .00 19-
9269301 .0 72,570. 1,770.00 29
9270401 .0 6,204. .00 19-
9271001 .0 4,950. .00 13-
9271202 270.0 7,290. .00 43-
9273601 174.3 24,686. .00 26-
9274201 .0 1,848. .00 28-
9276602 .0 7,061. 146.12 3
3,321,331.38 979,661.30
233,562,341.36
</TABLE>
DANKA PRESENT VALUE: .00
PORTFOLIO PRESENT VALUE: 208,411,913.14
% DANKA/TOTAL PORTFOLIO: .00%
<TABLE>
<CAPTION>
TOTAL OPENING RECEIVABLES BALANCE TOTAL CASH APPLICATIONS NET REPLACE/DISQUAL
238,124,713.64 6,927,592.90 23,550.54
TOTAL 0-14 DAYS DEL. 15-24 DAYS DEL. 30-44 DAYS DEL. 45-59 DAYS DEL.
RECEIVABLES = $/% RECEIVABLES = $/% RECEIVABLES = $/% RECEIVABLES = $/% RECEIVABLES = $/%
NO - LEASES - #/% NO - LEASES - #/% NO - LEASES - #/% NO - LEASES - #/% NO - LEASES - #/%
<S> <C> <C> <C> <C>
231,220,671.23 217,793,796.76 10,045,336.36 1,425,796.23 1,066,406.75
100.00% 94.19% 4.34% 0.62% 0.46%
22,128 28,768 872 201 154
100.00% 93.85% 3.94% 0.91% 0.70%
TOTAL CLOSING RECEIVABLE BALANCE
231,220,671.28
TOTAL 60-89 DAYS DEL. 90+ DAYS DEL.
RECEIVABLES = $/% RECEIVABLES = $/% RECEIVABLES = $/%
NO - LEASES - #/% NO - LEASES - #/% NO - LEASES - #/%
<S> <C> <C>
231,220,671.23 889,335.18 .00
100.00% 0.38% 0.00%
22,128 133
100.00% 0.60% 0.00%
</TABLE>
<PAGE>
LEASE DISQUALIFICATION
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM PRESENT
LEASES EQUIPMENT DESCR RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM VALUE
<S> <C> <C> <C> <C> <C> <C> <C>
0224104 PANASONIC 7127 8,036.00 7,708.00 328.00 .00 164.00 47 6,709.32
0365306 KONICA 3035 COP 4,921.50 4,325.00 96.50 .00 96.50 50 4,164.51
0368307 KONICA 3035 COP 2,040.00 2,000.00 40.00 .00 40.00 50 1,726.22
0410953 COMMUNICATE DIR 3,521.35 2,968.98 552.37 .00 141.38 21 2,783.71
0468501 SHARP 2113 COPI 3,344.00 3,343.00 496.00 .00 124.00 27 3,085.16
0558351 RICOH FT 3213 6,310.47 5,885.00 425.47 .00 107.00 55 5,003.67
0581902 MINOLTA 1031 CO 5,310.00 3,838.00 472.00 .00 118.00 41 4,283.28
0690950 MITA 2556/ADF/S 408.92 399.94 8.98 .00 199.97 2 396.41
0770751 MINOLTA EP 4233 3,633.33 3,320.03 163.25 .00 146.67 24 3,271.91
0871151 SAVIN 7640 COPI 6,001.35 5,974.00 27.35 .00 206.00 29 5,473.42
0942901 MINOLTA 4050 CO 10,141.83 10,449.00 .00 307.17 387.00 27 9,628.68
0985351 MINOLTA EP 6000 15,069.43 14,561.23 503.15 .00 404.48 36 13,076.43
1393552 MINOLTA EP 3190 3,960.00 3,960.00 .00 .00 120.00 33 3,586.80
1516253 MINOLTA EP 3050 29,900.00 27,300.00 2,600.00 .00 650.00 42 24,101.32
1732251 SAVIN 7230 COPI 2,610.00 2,030.00 580.00 .00 145.00 14 1,942.45
1837751 BAUM SYSTEM COL 26,591.24 25,057.13 1,534.11 .00 511.37 49 21,683.03
1985052 MINOLTA EP 3050 3,675.00 3,255.00 420.00 .00 105.00 31 2,965.18
2412051 MINOLTA EP 1081 2,479.68 2,125.44 354.24 .00 88.56 24 1,975.60
2729351 SHARP 2114 2,652.38 2,876.40 .00 224.02 119.85 24 2,673.61
2961152 MINOLTA EP 4233 4,639.47 4,496.50 142.97 .00 132.25 34 4,061.11
3157251 VARIOUS EQUIPME 875.08 11,290.70 .00 10,415.64 245.45 46 9,855.60
3164402 MINOLTA EP 205 6,490.00 6,195.00 295.00 .00 295.00 21 5,808.43
3388351 MINOLTA 8603 DE 23,742.14 22,776.48 965.66 .00 474.51 48 19,769.64
3543950 PRINTER 29,694.08 26,931.84 2,762.24 .00 690.56 39 23,979.73
3662605 MINOLTA EP 3050 5,859.72 5,508.00 351.72 .00 102.00 54 4,700.95
3663952 COMPUTER/EQUIPM 7,725.51 7,444.08 281.43 .00 310.17 24 6,919.27
3663953 DIGITAL 486 DX2 3,388.36 3,155.62 232.74 .00 121.37 26 2,916.27
3663954 COMPUTER 3,359.65 3,127.95 231.70 .00 115.85 27 2,882.38
4039151 VARIOUS EQUIPME 1,267.60 15,805.14 .00 14,537.54 343.59 46 13,796.24
4039152 MITA FAX 670 187.84 3,724.00 .00 3,536.16 93.00 38 3,325.25
4288350 MINOLTA EP 6000 10,165.00 10,165.00 .00 .00 535.00 19 9,586.13
4311550 MINOLTA EP 3170 4,291.00 3,923.20 367.80 .00 122.60 32 3,563.66
4329852 MITA 5590 COPIE 28,952.00 28,435.00 517.00 .00 517.00 55 24,200.76
4408550 MINOLTA EP 1081 3,106.08 2,588.40 517.68 .00 129.42 20 2,433.93
4502350 MINOLTA CS 2050 4,435.23 4,424.07 11.21 .00 210.67 21 4,148.01
4520050 VARIOUS EQUIPME 800.00- 2,560.00 .00 3,360.00 128.00 20 2,407.22
4553050 MINOLTA EP 1081 5,034.22 4,489.98 544.24 .00 136.06 33 4,066.84
4573850 MINOLTA EP 2050 13,357.00 11,913.00 1,444.00 .00 361.00 33 10,790.30
4590150 SHARP SF 7320 C 1,425.00 1,197.00 228.00 .00 57.00 21 1,122.31
4615950 VARIOUS EQUIPME 3,725.00 3,129.00 596.00 .00 149.00 21 2,933.75
4635850 VARIOUS EQUIPME 56,520.20 55,291.50 1,228.70 .00 1,228.70 45 43,400.27
4694050 ARISTO MAILROOM 29,087.10 26,593.92 2,493.18 .00 831.06 32 24,156.73
4695250 MINOLTA EP 3190 2,184.00 2,184.00 .00 .00 104.00 21 2,047.72
4730151 VARIOUS EQUIPME 95,424.00 95,424.00 .00 .00 2,272.00 42 84,243.37
4744950 MINOLTA EP 3190 41.94- 3,096.94 .00 3,138.88 140.77 22 2,895.30
4791850 SHARP SF 2214 401.12- 2,008.23 .00 2,409.35 95.63 21 1,882.92
4819450 LANIER 6242 COP 4,232.00 4,232.00 .00 .00 92.00 46 3,694.09
4822350 VARIOUS EQUIPME 2,980.38 2,521.86 458.52 .00 114.63 22 2,357.66
4842950 CANON 1020 COPI 1,688.78 1,428.90 259.80 .00 64.95 22 1,335.86
4881250 KONICA 1112 COP 1,382.07 1,735.80 .00 353.73 78.90 22 1,622.78
4915450 MINOLTA CS 3050 17,914.24 16,335.52 1,578.72 .00 355.12 46 14,259.21
4939051 GESTETNER 2417 3,535.28 3,030.24 505.04 .00 126.26 24 2,816.61
<CAPTION>
RESIDUAL SECURITY
LEASES VALUE DEPOSIT DISQUALIFICATION
<S> <C> <C> <C>
0224104 1217.32 328.00 LEGAL
0365306 676.40 .00 UPGRADE
0368307 280.37 .00 UPGRADE
0410953 1.00 .00 LEGAL
0468501 1.00 243.00 LEGAL
0558351 806.53 .00 DELINQUENT 090+
0581902 722.45 .00 DELINQUENT 090+
0690950 1.00 399.94 PREPAYMENT
0770751 694.02 .00 UPGRADE
0871151 677.63 412.00 UPGRADE
0942901 1954.55 774.00 UPGRADE
0985351 2476.41 .00 UPGRADE
1393552 734.69 .00 UPGRADE
1516253 4062.50 .00 DELINQUENT 090+
1732251 1.00 .00 DELINQUENT 090+
1837751 2557.40 .00 LEGAL
1985052 645.45 .00 DELINQUENT 090+
2412051 461.25 .00 DELINQUENT 090+
2729351 568.91 239.70 UPGRADE
2961152 809.69 .00 UPGRADE
3157251 1761.50 490.90 PREPAYMENT
3164402 1465.23 .00 UPGRADE
3388351 3149.40 .00 LEGAL
3543950 1062.40 .00 DELINQUENT 090+
3662605 780.60 .00 DELINQUENT 090+
3663952 920.40 620.34 LEGAL
3663953 366.68 242.74 LEGAL
3663954 284.00 231.70 LEGAL
4039151 2643.00 643.50 PREPAYMENT
4039152 597.56 .00 PREPAYMENT
4288350 2683.95 .00 UPGRADE
4311550 715.56 .00 LEGAL
4329852 3839.11 .00 LEGAL
4408550 610.50 .00 DELINQUENT 090+
4502350 1046.37 .00 UPGRADE
4520050 600.00 .00 PREPAYMENT
4553050 794.12 .00 DELINQUENT 090+
4573850 2210.20 .00 LEGAL
4590150 245.00 114.00 DELINQUENT 090+
4615950 747.49 298.00 DELINQUENT 090+
4635850 5769.34 .00 UPGRADE
4694050 3221.16 .00 LEGAL
4695250 491.25 .00 UPGRADE
4730151 13829.11 .00 UPGRADE
4744950 687.79 .00 LEGAL
4791850 492.96 191.27 PREPAYMENT
4819450 650.94 .00 UPGRADE
4822350 540.71 .00 LEGAL
4842950 284.87 129.90 DELINQUENT 090+
4881250 346.05 157.80 LEGAL
4915450 2593.44 .00 DELINQUENT 090+
4939051 650.82 236.00 DELINQUENT 090+
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM PRESENT
LEASES EQUIPMENT DESCR RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM VALUE
<S> <C> <C> <C> <C> <C> <C> <C>
4940202 MINOLTA 4050 CO 13,258.24 11,935.20 1,253.04 .00 315.40 38 10,701.36
4972150 MITA 1256 COPIE 1,523.00 1,320.00 203.00 .00 60.00 22 1,234.05
4985950 CANON NP 1020 CO 2,712.15 2,712.15 .00 .00 129.15 21 2,542.91
5037351 MINOLTA EP 4233 7,172.62 6,562.05 610.57 .00 160.05 41 5,809.65
5037352 MINOLTA FEEDER 1,358.66 1,244.46 114.20 .00 29.63 42 1,098.65
5042150 VARIOUS EQUIPME 32,375.00 32,375.00 .00 .00 875.00 37 28,990.85
5103750 TOSHIBA 5020 CO 41.73- 3,783.10 .00 3,429.83 164.70 23 3,531.22
5109350 MINOLT EP 2120 2,875.00 2,875.00 .00 .00 125.00 23 2,680.04
5135450 COMPUTER/EQUIP 6.15 2,520.21 .00 2,514.06 120.01 21 2,562.95
5165550 CANON NP 6012 1,485.00 1,265.00 220.00 .00 55.00 23 1,179.22
5175350 MITA DC 1355 CO 1,947.45 1,815.00 132.45 .00 165.00 11 1,752.01
5176950 COMPUTER/EQUIP 3,187.58 2,677.50 510.00 .00 127.50 21 2,510.42
5287950 VARIOUS EQUIPME 9,252.00 9,509.00 .00 257.00 257.00 37 8,515.03
5309950 CANON NP 6025 C 8,447.15 7,612.92 834.23 .00 211.47 36 6,836.61
5315451 MINOLTA 2050 CO 9,840.00 7,872.00 1,963.00 .00 164.00 48 6,832.78
5329750 SHARP SF 3570 RE 7,500.00 6,000.00 1,500.00 .00 750.00 24 5,544.04
5369051 POWERBOOK 5300 2,743.28 2,710.32 32.96 .00 112.93 24 2,519.24
5389550 VARIOUS EQUIPME 17,316.76 17,338.00 223.76 .00 356.00 48 14,352.12
5391250 9013 SN COPIER 2,444.05 2,124.00 320.05 .00 88.50 24 1,974.26
5414350 COMPUTER 5,127.30 4,557.60 569.70 .00 189.90 24 4,236.29
5439650 MINOLTA 2152 2,239.55 1,973.750 315.80 .00 78.95 25 1,829.31
5441050 CANON NP 4050/R 14,667.75 13,560.75 1,107.00 .00 276.75 49 11,737.42
5453650 KONICA 112J/FDR 2,099.09- 4,560.00 .00 6,659.09 190.00 24 4,238.52
5507450 MINOLTA 3050 CO 2,352.90 7,509.46 813.44 .00 204.58 37 6,778.23
5510750 CANON NP 6012 CO 2,090.33 1,820.61 269.72 .00 67.43 27 1,677.68
5555050 RICOH 3213 COPI 2,384.16 2,284.82 99.34 .00 99.34 23 2,129.88
5556550 MINOLTA PS 405 1,356.41 5,375.00 .00 4,013.59 215.00 25 4,981.66
5649650 KONICA 2125 COP 6,603.46 5,959.22 644.24 .00 161.06 37 5,336.30
5649750 7 STATION SYSTE 32,648.00 30,184.00 2,464.00 .00 616.00 49 26,125.56
5666150 MINOLTA FAX 3700 1,837.50 1,963.00 .00 75.50 75.50 26 1,814.11
5678947 MINOLTA 2152 CO 2,560.35 2,356.31 304.04 .00 76.01 31 2,146.51
5678949 MINOLTA 2152 C0 2,660.35 2,356.31 304.04 .00 76.01 31 2,146.51
5748750 CANON 3050 COPI 4,292.00 3,700.00 592.00 .00 148.00 25 3,429.23
5767550 MINOLTA EP 2050 7,452.00 6,900.00 552.00 .00 135.00 50 5,955.47
5771050 TOSHIBA 505 FAX 1,011.24 786.52 224.72 .00 56.18 14 752.60
5779550 USED LANIER 643 5,599.86 5,866.54 533.32 .00 133.33 36 4,524.03
5790250 MITA PC 2355 4,692.07 4,394.00 293.07 .00 169.00 26 4,060.72
5792350 TOSHIBA 2050 CO 4,650.00 4,030.00 620.00 .00 155.00 26 3,724.33
5816550 MINOLTA 6000 CO .00 2,736.00 .00 2,736.00 1,368.00 2 2,711.84
5872650 KONICA 7310 47.65- 450.00 .00 497.65 225.00 2 446.03
5886150 KONICA 2130 COP 1,988.48- 10,021.92 .00 12,010.40 .00 47 8,647.56
5890450 MINOLTA 4050 CO 17,226.00 15,950.00 1,276.00 .00 319.00 50 13,766.63
5890850 PWRMAC 8100 SYS 9,604.24 8,233.92 1,372.32 .00 343.08 24 7,653.42
5893750 MINOLTA 1081 2,690.51 2,340.00 350.51 .00 90.00 26 2,162.51
5903750 SHARP SP 2014 CO 1,553.21 1,560.00 .00 26.79 63.00 26 1,441.68
5924850 2302 Z SAVIN CO 175.00 175.00 .00 .00 87.50 2 173.45
5974701 SHARP FP 21165 C 1,829.28- 5,775.00 .00 7,604.28 165.00 35 5,200.93
6002250 NATIONAL COMPUT 4,128.00 3,715.20 412.80 .00 137.60 27 3,423.53
6035802 TOSHIBA 5810 CO 1,504.53 1,300.00 204.53 .00 65.00 20 1,222.42
6103751 RICON 2700L LAS 3,950.00 3,480.00 480.00 .00 120.00 29 3,183.40
6210301 MINOLTA 5420 CO 2831.46 2,631.24 .00 2,349.78 433.54 6 2,577.45
6257050 CANON 6050 COPI 18,170.29 17,225.00 945.29 .00 325.00 53 14,742.38
<CAPTION>
RESIDUAL SECURITY
LEASES VALUE DEPOSIT DISQUALIFICATION
<S> <C> <C> <C>
4940202 1931.02 .00 DELINQUENT 090+
4972150 255.58 .00 UPGRADE
4985950 643.20 .00 LEGAL
5037351 979.87 .00 LEGAL
5037352 178.49 .00 LEGAL
5042150 1.00 .00 UPGRADE
5103750 1.00 329.40 PREPAYMENT
5109350 564.76 .00 UPGRADE
5135450 1.00 .00 PREPAYMENT
5165550 241.20 116.60 DELINQUENT 090+
5175350 1.00 330.00 UPGRADE
5176950 1.00 .00 LEGAL
5287950 1427.78 .00 LEGAL
5309950 1.00 .00 DELINQUENT 090+
5315451 1108.11 .00 REBOOKING
5329750 1209.68 .00 DELINQUENT 090+
5369051 306.87 225.86 UPGRADE
5389550 2738.46 712.00 UPGRADE
5391250 450.00 .00 DELINQUENT 090+
5414350 516.42 379.80 LEGAL
5439650 401.44 .00 DELINQUENT 090+
5441050 2025.00 .00 DELINQUENT 090+
5453650 966.10 190.00 PREPAYMENT
5507450 1287.91 .00 DELINQUENT 090+
5510750 286.50 .00 DELINQUENT 090+
5555050 505.12 .00 LEGAL
5556550 1067.38 .00 LEGAL
5649650 994.21 322.12 DELINQUENT 090+
5649750 1120.00 1,232.00 LEGAL
5666150 375.00 .00 UPGRADE
5678947 384.75 .00 DELINQUENT 090+
5678949 384.75 .00 DELINQUENT 090+
5748750 217.01 .00 DELINQUENT 090+
5767550 976.41 .00 DELINQUENT 090+
5771050 179.68 112.36 DELINQUENT 090+
5779550 479.50 280.00 DELINQUENT 090+
5790250 825.75 338.00 LEGAL
5792350 804.50 310.00 LEGAL
5816550 1.00 .00 PREPAYMENT
5872650 1.00 .00 PREPAYMENT
5886150 1491.36 .00 PREPAYMENT
5890450 2404.52 638.00 LEGAL
5890850 1.00 .00 LEGAL
5893750 1.00 180.00 DELINQUENT 090+
5903750 106.12 129.48 UPGRADE
5924850 155.33 87.50 LEGAL
5974701 533.77 357.06 PREPAYMENT
6002250 408.30 275.20 LEGAL
6035802 1.00 130.00 UPGRADE
6103751 586.32 240.00 DELINQUENT 090+
6210301 2149.71 .00 LEGAL
6257050 2413.35 .00 LEGAL
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM PRESENT
LEASES EQUIPMENT DESCR RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM VALUE
<S> <C> <C> <C> <C> <C> <C> <C>
6389101 SHARP 2022 COPI 6,570.76 5,879.28 691.68 .00 172.92 34 5,310.00
6398950 KONICA 4045/RAD 4,671.04 4,087.16 583.88 .00 145.97 28 3,755.47
6399550 MINOLTA 3050 CO 9,818.64 10,070.43 .00 251.78 251.76 40 8,941.09
6405250 VARIOUS EQUIPME 21,615.54 19,120.00 1,895.54 .00 478.00 40 16,975.85
6416958 KONICA 4145 COP 12,095.04 10,583.16 1,511.88 .00 377.97 28 9,724.29
6442250 LANIER 6713 COP 2,615.38 2,318.96 296.92 .00 82.87 28 2,130.77
6468650 ROYAL COPYSTAR 5,776.02 5,616.00 160.02 .00 108.00 52 4,820.07
6472450 CANON NP 3050 C 11,613.53 11,151.00 462.58 .00 398.25 28 10,246.04
6517150 VARIOUS EQUIPME 2,661.01- 12,719.60 .00 15,380.61 317.99 40 11,293.20
6521550 MINOLTA EP 1080 3,619.20 3,166.80 452.40 .00 113.10 28 2,909.80
6522950 VARIOUS EQUIPME 6,810.88 6,160.00 650.88 .00 154.00 40 5,469.21
6535750 MINOLTA EP 2121 2,475.00 2,175.00 300.00 .00 75.00 29 1,992.75
6615150 MINOLTA EP 1080 6,043.15 6,496.00 .00 452.85 224.00 29 5,951.68
6649250 MINOLTA 2152 PR 3,348.00 3,132.00 216.00 .00 108.00 29 2,869.56
6653650 KONICA 2590 2,998.80 2,415.70 583.10 .00 83.30 29 2,213.28
6665650 MINOLTA 1080 CO 8,250.00 7,250.00 1,000.00 .00 250.00 29 6,642.50
6693250 CANON CLC 350 C 16,736.34 15,561.86 1,174.48 .00 293.62 53 13,318.95
6714450 TOSHIBA 4350 CO 10,395.73 9,477.97 917.76 .00 231.17 41 8,391.23
6723869 KONICA 1790 1,900.00 1,700.00 200.00 .00 50.00 39 1,535.39
6753150 MINOLTA MICROGR 32,744.37 30,631.83 2,112.54 .00 1,056.27 29 28,065.11
6894850 CANON HP2025 1,651.20 1,444.80 206.40 .00 51.60 28 1,327.55
6898850 CANON 6012 COPIER 1,878.38 1,705.00 173.38 .00 55.00 31 1,553.19
6902050 USED MITA 2325 3,035.01 2,759.10 275.91 .00 91.97 30 2,520.66
6920504 MINOLTA 2050 CO. 7,060.95 7,307.52 .00 246.54 304.48 24 6,792.34
6920505 MINOLTA 2050 CO. 4,015.43 4,148.04 .00 132.56 159.54 26 3,833.42
6920506 MINOLTA 3700 2,779.61 2,694.72 104.89 .00 96.24 28 2,476.03
6920507 MINOLTA 2152 2,772.66 2,871.29 .00 92.63 99.01 29 2,630.70
6954850 MINOLTA EP 2050 9,281.21 8,700.48 580.73 .00 161.12 54 7,425.65
6986750 MITA 3585 5,900.39 5,262.51 637.88 .00 159.47 33 4,766.56
7826350 RICOH 100 COLOR 10,140.00 9,633.00 507.00 .00 169.00 57 8,152.86
7031602 VARIOUS EQUIPMENT 22,770.00 22,770.00 .00 .00 506.00 45 19,932.07
7048950 VARIOUS EQUIPMENT 9,334.70 8,236.50 1,098.20 .00 274.55 30 7,524.70
7066050 PANASONIC 7132 6,013.00 5,310.00 708.00 .00 177.00 30 4,851.11
7106950 TOSHIBA 1550 CO 4,022.63 3,600.00 422.63 .00 120.00 30 3,288.89
7128204 PANASONIC UF755 2,095.11 1,980.00 118.11 .00 99.00 20 1,861.84
7144750 TOSHIBA 1340 186.01 884.94 .00 778.93 126.42 7 864.31
7195250 MITA DC 2535 CO 5,735.44 5,425.00 310.44 .00 175.00 31 4,941.97
7231450 LASERMASTER EQU 1,088.42 6,067.38 .00 4,978.96 209.22 29 5,558.98
7264150 BLS EQUIPMENT 35,716.73 31,430.85 2,285.38 .00 571.47 55 26,750.50
7284150 CANON 6060 COPIER 2.22- 13,795.00 .00 13,797.22 445.00 31 12,556.73
7297151 EP 2050 COPIER 7,471.00 7,741.00 .00 .00 241.00 31 6,805.80
7337650 AMBASSADOR SCRE 198,215.22 123,209.36 .00 .00 3,551.12 53 161,082.98
7436850 MITA 5585 4,672.80 3,999.00 10,605.86 .00 129.00 31 3,642.94
7472101 EQUIPMENT 30,390.57 39,360.00 673.80 .00 1,230.00 32 35,752.87
8569918 MINOLTA EP2152 2,252.86 1,927.52 .00 8,969.43 65.84 28 1,771.09
8369911 MINOLTA EP2152 2,340.56 2,065.20 275.36 .00 65.84 30 1,886.73
8650163 REMANUFACTURED 27,058.12 34,423.84 2,634.23 .00 581.52 42 21,562.15
9030361 RICOH NC 8215 10,227.70 9,576.74 550.96 .00 284.61 34 8,739.78
9030302 RICOH FT5320 CO 2,412.00 3,216.43 195.57 .00 65.19 34 2,001.64
9099501 MINOLTA EP 2050 11,395.50 11,393.50 .00 .00 455.74 25 10,559.73
9110901 PANASONIC EPC1 8,313.00 8,313.00 .00 .00 163.00 51 7,154.91
TOTAL 155 1,411,297.33 1,454,085.67 83,155.21 125,943.00 41,651.49 1,291,088.61
LEASES:
<CAPTION>
RESIDUAL SECURITY
LEASES VALUE DEPOSIT DISQUALIFICATION
<S> <C> <C> <C>
6389101 990.00 345.84 DELINQUENT 090+
6398950 1.00 291.94 DELINQUENT 090+
6399550 1586.72 .00 UPGRADE
6405250 3000.00 956.00 LEGAL
6416958 1.00 .00 DELINQUENT 090+
6442250 363.25 165.64 DELINQUENT 090+
6468650 801.98 .00 UPGRADE
6472450 2025.00 .00 UPGRADE
6517150 1995.75 635.98 PREPAYMENT
6521550 561.75 .00 DELINQUENT 090+
6522950 794.44 .00 DELINQUENT 090+
6535750 372.51 .00 DELINQUENT 090+
6615150 1,123.75 540.00 UPGRADE
6649250 536.25 .00 LEGAL
6653650 400.00 166.60 REBOOKING
6665650 1,258.00 .00 DELINQUENT 090+
6693250 2,159.01 .00 DELINQUENT 090+
6714450 1,387.02 462.34 DELINQUENT 090+
6723869 323.00 .00 DELINQUENT 090+
6753150 3,321.60 2,112.54 LEGAL
6894850 150.00 .00 DELINQUENT 090+
6898850 266.12 .00 LEGAL
6902050 1.00 183.94 LEGAL
6920504 1,527.49 608.96 UPGRADE
6920505 800.37 319.08 UPGRADE
6920506 478.05 .00 UPGRADE
6920507 491.25 .00 UPGRADE
6954850 1,140.00 .00 DELINQUENT 090+
6986750 848.24 318.94 DELINQUENT 090+
7826350 1,280.30 .00 LEGAL
7031602 3,578.70 506.00 UPGRADE
7048950 850.00 549.10 DELINQUENT 090+
7066050 900.00 .00 DELINQUENT 090+
7106950 580.65 240.00 DELINQUENT 090+
7128204 1.00 198.00 UPGRADE
7144750 146.83 252.84 PREPAYMENT
7195250 855.05 350.00 LEGAL
7231450 1.00 .00 PREPAYMENT
7264150 1,298.81 1,142.94 LEGAL
7284150 2,262.71 .00 PREPAYMENT
7297151 1,200.00 .00 UPGRADE
7337650 1.00 .00 LEGAL
7436850 1.00 .00 REBOOKING
7472101 7,592.59 3,330.00 LEGAL
8569918 1.00 .00 DELINQUENT 090+
8369911 1.00 .00 DELINQUENT 090+
8650163 3,447.75 .00 UPGRADE
9030361 1,735.43 .00 LEGAL
9030302 357.50 .00 LEGAL
9099501 2,263.61 .00 UPGRADE
9110901 1,175.48 .00 UPGRADE
TOTAL 170,005.45 26,346.85
LEASES:
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
EQUIPMENT ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM
LEASE # DESCR RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM
SUMMARY OF DISQUALIFIED LEASES BY TYPE OF DISQUALIFICATION
<S> <C> <C> <C> <C> <C> <C>
PREPAYMENT 17 5,930.63- 99,186.16 8.98 105,043.77 4,441.98
LEGAL 44 637,802.71 613,566.24 38,323.88 19,037.41 15,762.53
DELINQ90+ 52 336,633.85 301,836.11 34,797.74 .00 9,098.59
TERMED OUT 0 .00 .00 .00 .00 .00
NO PAY MONITOR 0 .00 .00 .00 .00 .00
UPGRADE 39 425,280.35 420,290.46 6,799.71 1,809.82 11,972.09
REBOOKING 3 17,511.63 14,236.70 3,224.90 .00 376.30
TOTAL LEASES 135 1,411,297.88 1,454,085.67 83,155.21 125,943.00 41,651.49
<CAPTION>
PRESENT RESIDUAL SECURITY
LEASE # VALUE VALUE DEPOSIT DISQUALIFICATION
SUMMARY OF
DISQUALIFIED LEASES
BY TYPE OF
DISQUALIFICATION
<S> <C> <C> <C>
PREPAYMENT 89,085.91 13,497.64 3,490.89
LEGAL 543,820.08 55,946.08 13,164.50
DELINQ90+ 39,192.67 39,192.67 4,402.78
TERMED OUT .00 .00 .00
NO PAY MONITOR .00 .00 .00
UPGRADE 375,645.10 59,859.90 5,125.08
REBOOKING 12,689.00 1,509.11 166.60
TOTAL LEASES 1,291,088.61 170,005.45 26,349.85
</TABLE>
AVERAGE TERM REMAINING: 40 months
TOTAL MONTHLY PAYMENT: 41,651.49
TOTAL RESIDUAL VALUE: 170,085.45
TOTAL SECURITY DEPOSITS: 26,349.85
TOTAL PRESENT VALUE: 1,291,086.61
<PAGE>
LEASE REPLACEMENTS
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0001360 MITA DC 3060 CO 100 TX 12,528.00 .00 12/30/96 10.56% 37
VINTAGE HOME HEALTH 12,523.00 .00 16- DAYS 36
0002070 VARIOUS EQUIPME ZZZ OR 12,484.50 .00 12/23/96 10.56% 37
PRAEGITZER INDUSTRIES INC. 12,841.20 356.70 39- DAYS 36
0006240 MITA 1355 COPIE 100 WA 1,698.00 .00 12/27/96 21.93% 25
WHITMAN & ASSOCIATES INCORPORATED 1,698.00 .00 13- DAYS 24
0010640 VARIOUS EQUIPME ZZZ CA 3,388.00 .00 12/30/96 24.62% 22
PROFESSIONAL HOME MANAGEMENT 3,388.00 .00 16- DAYS 22
0047602 VARIOUS EQUIPME ZZZ NY 8,752.31 172.31 08/27/95 11.59% 61
ACTION NISSAN INC. 8,580.00 .00 17 DAYS 44
0129451 MINOLTA EP 2130 100 NY 2,590.00 .00 10/28/96 12.82% 40
AL EHRAM TAXI INC. 2,590.00 .00 14- DAYS 37
0422551 CANON NP 6050 C 100 NJ 17,917.00 .00 11/26/96 11.89% 40
PRINCETON ALLIANCE CHURCH INC. 17,917.00 .00 12- DAYS 38
0599756 VISION TEC PENT 500 CA 1,371.95 .00 12/12/96 24.14% 25
CAREER LAUNCH RESUME 1,431.60 59.65 28- DAYS 24
0747502 MINOLTA EP 6000 100 NY 52,345.31 .00 11/29/96 12.72% 49
MITSUI MARINE AND FIRE CLAIM SERVI 52,345.31 .00 15- DAYS 47
1291501 LANIER 6735 100 CA 9,560.70 .00 11/04/96 14.89% 49
FOGG, MAXWELL & LANIER EYE CARE 9,815.95 255.25 20- DAYS 47
1742351 MINOLTA EP 1080 100 MA 6,370.03 .00 09/23/96 13.08% 49
MERRIMACK VALLEY OCCUPATION & 6,525.00 154.97 39- DAYS 45
2336151 MINOLTA 5420 100 CO 8,786.00 .00 11/12/96 13.08% 49
ST. MARY'S CHURCH, INC. 8,977.00 191.00 28- DAYS 47
3261751 MINOLTA EP 9760 100 FL 16,545.78 .00 09/26/96 12.72% 49
D.E.T. CARD, LLC 16,560.00 14.22 12- DAYS 45
3381731 CANON NP 6030 C 100 NY 12,076.75 .00 12/10/96 12.81% 37
TOWN SPORTS INTERNATIONAL INC 12,421.80 325.05 26- DAYS 36
4024452 MINOLTA 1080 CO 100 CA 9,020.00 .00 12/05/96 14.00% 43
SUPERB HOME HEALTH AGENCY INC. 9,240.00 220.00 21- DAYS 42
4169952 MINOLTA 5050 100 IL 11,375.00 .00 12/07/96 12.62% 37
FIRST MERCHANTS ACCEPTANCE CORP 11,700.00 325.00 23- DAYS 36
4329351 SG-737 COLOR SC 500 OR 53,044.80 .00 06/06/96 12.65% 49
GRAND MASTERS COLOUR, INC. 54,273.40 1,233.60 22- DAYS 44
4595405 VARIOUS EQUIPME ZZZ MO 10,836.35 .00 12/04/96 11.69% 37
AMERICAN DIABETES ASSOCIATION 11,145.96 309.61 20- DAYS 36
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
0001360 348.00 12,000.00 1,800.00
VINTAGE HOME HEALTH NO 11,250.49 696.00
0002070 356.70 12,300.00 1,845.00
PRAEGITZER INDUSTRIES INC. NO 11,531.75 713.40
0006240 70.75 1,508.53 226.28
WHITMAN & ASSOCIATES INCORPORATED NO 1,578.29 153.10
0010640 154.00 3,013.23 1.00
PROFESSIONAL HOME MANAGEMENT NO 3,167.40 .00
0047602 195.00 9,653.47 1,448.02
ACTION NISSAN INC. NO 7,531.91 630.00
0129451 70.00 2,464.79 369.72
AL EHRAM TAXI INC. NO 2,319.27 .00
0422551 471.50 16,899.64 2,534.95
PRINCETON ALLIANCE CHURCH INC. NO 15,998.50 .00
0599756 59.65 1,239.78 186.00
CAREER LAUNCH RESUME NO 1,330.67 .00
0747502 1,113.73 45,832.65 6,874.90
MITSUI MARINE AND FIRE CLAIM SERVI NO 45,563.22 .00
1291501 208.85 8,190.00 1,228.50
FOGG, MAXWELL & LANIER EYE CARE NO 8,544.15 450.07
1742351 145.00 5,918.36 887.75
MERRIMACK VALLEY OCCUPATION & NO 5,711.76 .00
2336151 191.00 7,795.92 1,169.25
ST. MARY'S CHURCH, INC. NO 7,813.90 .00
3261751 368.00 15,144.03 2,271.60
D.E.T. CARD, LLC NO 14,496.05 .00
3381731 345.05 11,425.50 1,713.93
TOWN SPORTS INTERNATIONAL INC NO 11,155.12 .00
4024452 220.00 8,000.00 1,200.00
SUPERB HOME HEALTH AGENCY INC. NO 8,157.37 .00
4169952 325.00 10,797.36 1,619.60
FIRST MERCHANTS ACCEPTANCE CORP NO 10,506.92 .00
4329351 1,233.60 48,000.00 2,880.00
GRAND MASTERS COLOUR, INC. NO 47,648.01 2,467.20
4595405 309.61 10,459.80 1,568.97
AMERICAN DIABETES ASSOCIATION NO 10,009.38 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
4634053 APPLE 6400 SYST 500 CA 4,004.34 .00 08/01/96 18.24% 37
SISON'S FAMILY DAY CARE 4,099.84 15.00 13 DAYS 32
4756653 MINOLTA 4050 CO 100 CA 8,636.25 .00 11/14/96 13.08% 49
AIRMOTIVE INC. 8,636.25 .00 0 DAYS 47
5090501 MINOLTA EP 3050 100 FL 11,844.00 .00 12/16/96 12.25% 37
FRAGOMEN, DEL REY & BERNSEN, PC 11,844.00 .00 2 DAYS 36
5105452 COMPUTER EQUIPM 500 NJ 7,935.50 .00 12/13/96 13.64% 22
ON TIME TRANSPORT, INC. 8,436.12 500.62 29- DAYS 22
5121854 COMPUTER 500 MD 14,941.20 .00 11/24/96 12.26% 27
TSI TELSYS CORPORATION 15,563.75 622.55 40- DAYS 25
5123359 COMPUTERS 500 MD 64,732.36 .00 07/01/96 15.00% 35
DIGITAL EXPRESS GROUP, INC 67,044.23 2311.87 17- DAYS 29
5152051 LASERMASTER DES 500 MA 20,186.37 151.52 11/15/96 16.59% 46
SANDS CUSTOM GRAPHICS CORP 20,035.35 .00 1- DAYS 45
5527701 VARIOUS EQUIPME ZZZ NY 52,499.00 .00 11/25/96 11.99% 49
POLISH & SLAVIC FEDERAL CREDIT UNIO 52,499.00 .00 11- DAYS 47
5725251 TEN BIN STAPLER 100 NY 1,261.26 .00 12/09/96 13.65% 28
INTERPORT COMMUNICATIONS 1,309.77 48.51 25- DAYS 27
5956051 COMPAQ 4.3 GM H 100 IN 6,945.62 .00 12/12/96 21.22% 22
MANSUR INVESTMENTS SERVICES INC 7,261.33 315.71 2 DAYS 23
6056751 PANASONIC EP265 100 NJ 3,777.34 .00 10/25/96 12.08% 40
ENSOLUTIONS INC. 3,882.78 104.94 41- DAYS 37
6665251 VARIOUS EQUIPME ZZZ CA 13,288.22 .00 11/27/96 12.45% 40
WILSON, WILLIAM AND ASSOCIATES INC 13,288.22 .00 13- DAYS 38
6755250 MINOLTA EP 5320 100 CT 2,170.00 .00 07/08/96 13.00% 37
LAZ KARP ASSOCIATES OF 2,170.00 .00 6 DAYS 31
MASSACHUSETTS
6810651 MINOLTA ST 101 200 CA 958.52 .00 11/27/96 15.43% 33
QUINTA CORPORATION 958.52 .00 13- DAYS 31
6928051 MINOLTA EP3050 100 TX 9,056.66 .00 08/10/96 13.99% 49
DALLAS V.A. RESEARCH CORP. C/O 9,267.28 210.62 26- DAYS 44
7069251 PREDICTIVE DIAL 500 IA 24,918.93 .00 09/26/96 18.97% 46
PUBLIC SAFETY COMMUNICATIONS INC. 24,918.93 .00 12- DAYS 43
7152250 MINOLTA 3050 100 CA 11,722.04 .00 08/01/96 13.08% 49
CARE N SHARE PARTY SALES 11,722.04 .00 13 DAYS 44
7289051 MINOLTA 1030 CO 100 TX 8,695.00 .00 11/20/96 13.08% 49
MICROMUSE INC 8,695.00 .00 6- DAYS 47
7356151 PO ERMAC 9500 S 500 CA 16,216.84 .00 03/28/96 18.14% 49
GARY X. SAGER 16,218.84 2.00 14- DAYS 44
7463250 LASERMASTER EQU 500 AL 22,882.10 .00 07/30/96 15.98% 46
C&K PRINTING, INC. DBA AMERICAN SPE 22,882.10 .00 16- DAYS 41
7530750 VARIOUS EQUIPME ZZZ WI 8,662.53 .00 08/05/96 16.70% 49
LITTLE HILL CHURCH OF GOD IN CHRIST 8,722.12 59.54 9 DAYS 44
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
4634053 128.12 3,746.31 374.63
SISON'S FAMILY DAY CARE NO 3,742.11 256.24
4756653 183.75 7,500.00 1,125.00
AIRMOTIVE INC. NO 7,517.30 .00
5090501 329.00 11,003.34 1,650.00
FRAGOMEN, DEL REY & BERNSEN, PC NO 10,636.24 938.00
5105452 383.45 8,194.90 1.00
ON TIME TRANSPORT, INC. NO 7,886.84 .00
5121854 622.55 14,153.34 2.00
TSI TELSYS CORPORATION NO 14,424.80 .00
5123359 2,311.87 63,716.19 2.00
DIGITAL EXPRESS GROUP, INC NO 61,426.43 .00
5152051 445.23 16,490.00 989.40
SANDS CUSTOM GRAPHICS CORP NO 17,538.25 .00
5527701 1,117.00 46,736.40 7,010.46
POLISH & SLAVIC FEDERAL CREDIT UNIO NO 45,696.99 .00
5725251 48.51 1,260.00 189.00
INTERPORT COMMUNICATIONS NO 1,206.94 .00
5956051 631.42 6,339.56 1.00
MANSUR INVESTMENTS SERVICES INC NO 6,807.23 .00
6056751 104.94 3,747.85 562.18
ENSOLUTIONS INC. NO 3,476.91 .00
6665251 349.69 12,400.35 1,860.00
WILSON, WILLIAM AND ASSOCIATES INC NO 11,865.36 .00
6755250 70.00 2,310.00 346.50
LAZ KARP ASSOCIATES OF NO 1,976.79 .00
MASSACHUSETTS
6810651 30.92 895.00 134.25
QUINTA CORPORATION NO 873.18 .00
6928051 210.62 8,424.80 1,263.72
DALLAS V.A. RESEARCH CORP. C/O NO 8,135.23 .00
7069251 579.51 20,000.00 1.00
PUBLIC SAFETY COMMUNICATIONS INC. NO 21,936.97 .00
7152250 266.41 10,873.88 1,631.08
CARE N SHARE PARTY SALES NO 10,290.13 .00
7289051 185.00 7,551.02 1,132.65
MICROMUSE INC NO 7,568.44 .00
7356151 368.61 12,952.91 906.70
GARY X. SAGER NO 14,237.62 .00
7463250 558.10 20,221.00 1.00
C&K PRINTING, INC. DBA AMERICAN SPE NO 20,258.44 .00
7530750 198.23 6,906.97 1.00
LITTLE HILL CHURCH OF GOD IN CHRIST NO 7,656.67 396.46
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7536150 MIN EP 3050 100 FL 8,084.00 .00 08/07/96 12.72% 49
EXECUTIVE CONSULTING & MGT INC. 8,272.00 188.00 23- DAYS 44
7562950 COMPUTER SYSTEM 500 IL 4,281.08 .00 08/07/96 13.88% 49
TOWN & COUNTRY MOTORS 4,380.64 99.56 23- DAYS 44
7564951 PANASONIC UF550 400 NY 1,194.12 .00 11/07/96 16.30% 33
AMHERST UROLOGY PC 1,194.12 .00 7 DAYS 31
7604150 POWERMAX 8500 S 500 IL 7,856.53 .00 08/12/90 17.11% 49
IMAN COMMUNICATIONS 8,039.24 182.71 28- DAYS 44
7605950 NATIONAL COMPUT 500 GA 19,785.59 .00 08/12/96 14.87% 49
HERSCH & ASSOCIATES, PC 20,245.72 460.13 28- DAYS 44
7697651 KONICA 3035 COP 100 DC 4,292.00 .00 05/01/96 13.85% 37
RANDY MCRAE & ASSOCIATES 4,292.00 .00 13 DAYS 29
7740750 MINOLTA EP 1080 100 NY 6,446.00 .00 08/29/96 13.08% 49
ORANGE COUNTY SAFE HOMES PRJ 6,446.00 .00 15- DAYS 44
7754950 MINOLTA 1030 100 CA 6,864.00 .00 09/02/96 12.72% 49
CHRISTOPHER MC ATEER ATTORNEY 7,020.00 156.00 18- DAYS 45
7767650 POWER MACINTOSH 500 FL 13,657.60 .00 08/29/96 14.23% 49
BAKER COUNTY PRESS INC. 13,657.60 .00 15- DAYS 44
7770950 MITA DC 1435 CO 100 CA 2,356.00 .00 08/20/96 12.72% 35
RICHARD & STEPHEN REALTOR INC 2,356.00 .00 6- DAYS 31
7781450 VARIOUS EQUIPME ZZZ TN 3,340.92 .00 09/12/96 14.17% 49
LINCOLN MEMORIAL UNIVERSITY (INC) 3,416.85 75.93 28- DAYS 45
7783050 CANON 7000 FAX 100 NY 5,060.00 .00 09/01/96 13.08% 49
CAPITAL TRADING CORP 5,175.00 115.00 17- DAYS 45
7798150 PANASONIC FP-71 100 NY 4,400.00 .00 09/05/96 12.35% 49
LOURDES P GOMEZ ATTY AT LAW 4,500.00 100.00 21- DAYS 45
7609450 MINOLTA 1080 CO 100 OR 7,524.00 .00 08/28/96 11.35% 49
HEINTZBERGER CO 7,524.00 .00 14- DAYS 44
7814850 TOSHIBA 1550 CO 100 TX 6,732.00 .00 09/04/96 14.10% 49
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
7536150 188.00 7,736.63 1,160.49
EXECUTIVE CONSULTING & MGT INC. NO 7,261.53 .00
7562950 99.56 3,771.25 210.00
TOWN & COUNTRY MOTORS NO 3,845.52 199.12
7564951 38.52 1,100.00 165.00
AMHERST UROLOGY PC NO 1,087.80 .00
7604150 182.71 6,548.93 458.42
IMAN COMMUNICATIONS NO 7,057.20 365.42
7605950 460.13 17,233.19 1,206.32
HERSCH & ASSOCIATES, PC NO 17,772.60 920.26
7697651 148.00 4,340.17 1.00
RANDY MCRAE & ASSOCIATES NO 3,932.36 .00
7740750 146.50 5,979.59 896.94
ORANGE COUNTY SAFE HOMES PRJ NO 5,658.59 .00
7754950 156.00 6,420.22 963.03
CHRISTOPHER MC ATEER ATTORNEY NO 6,145.07 .00
7767650 310.40 11,984.50 1,198.45
BAKER COUNTY PRESS INC. NO 11,989.25 620.80
7770950 76.00 2,550.34 382.55
RICHARD & STEPHEN REALTOR INC NO 2,146.23 .00
7781450 75.93 3,025.10 453.77
LINCOLN MEMORIAL UNIVERSITY (INC) NO 2,990.99 .00
7783050 115.00 4,693.87 704.08
CAPITAL TRADING CORP NO 4,530.02 .00
7798150 100.00 4,149.38 622.41
LOURDES P GOMEZ ATTY AT LAW NO 3,939.14 200.00
7609450 171.00 7,139.02 896.91
HEINTZBERGER CO NO 6,604.90 342.00
7814850 153.00 5,930.23 604.74
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
WILLIAM T KENNEDY COMPANY 6,885.00 153.00 20- DAYS 45
7829350 PANASONIC EP711 100 NY 3,740.00 .00 09/05/96 15.74% 49
DR. ALI M. JAFARI 3,325.00 35.00 21- DAYS 45
7829750 MICA 6000 100 GA 16,412.00 .00 09/04/96 12.72% 49
D.A.R.P. INC. 16,785.00 373.00 20- DAYS 45
7839450 MINOLTA 6000 CO 100 NC 20,475.00 .00 09/09/96 13.08% 49
DIXON, DIXON, & JESSUP 20,475.00 .00 5 DAYS 45
7845450 MINOLTA EP 6000 100 WA 19,140.00 .00 08/27/96 13.08% 49
LONGY SCHOOL OF MUSIC 19,140.00 .00 13- DAYS 44
7846750 MINOLTA 2050 100 CA 6,329.34 .00 09/24/96 13.08% 49
TRANSCRIPTION PLUS 6,473.70 143.86 40- DAYS 45
7852750 SHARP SF 2214 100 TX 3,300.00 .00 09/09/96 12.87% 49
ANCHOR MORTGAGE INC 3,375.00 75.00 25- DAYS 45
7856550 MITA LO0685 FAX 100 CA 5,629.36 .00 09/06/96 13.08% 49
INTERVALLEY HEALTH 5,757.30 127.94 22- DAYS 45
7885750 MINOLTA EP 4050 100 NJ 5,676.30 .00 09/26/96 13.08% 49
ABC TRADING INC 5,676.30 .00 12- DAYS 45
7895650 KONICA 2590 100 CA 3,375.00 .00 09/23/96 12.73% 49
PARAGON MANAGEMENT SYSTEMS, INC 3,375.00 .00 9- DAYS 45
7918950 CANON 2120 COPI 100 NJ 6,716.16 .00 09/13/96 12.35% 49
PRINCETON EQUITY SECURITIES INC 6,868.80 152.64 29- DAYS 45
7923250 MINOLTA EP 2050 100 CA 6,382.92 .00 09/16/96 13.08% 49
PEKAREK-CRANDELL, INC. 7,039.35 156.43 32- DAYS 45
7924950 SAVIN 9013Z COP 100 CT 3,740.00 .00 09/16/96 12.35% 49
LYNN CHLEWINSKI ACCOUNTANT 3,325.00 85.00 32- DAYS 45
7930850 KONICA 1015 COP 100 UT 6,975.00 .00 09/17/96 13.63% 49
NEW LEAF ALTERNATIVE 6,975.00 .00 3- DAYS 45
7937402 MINOLTA EP 3050 100 NY 12,414.16 .00 08/04/96 13.08% 49
KOEPPEL & KOEPPEL 12,414.16 .00 10 DAYS 44
7951450 PANASONICA 2680 100 FL 4,005.00 .00 09/19/96 12.35% 49
JOHNSON & ASSOCIATES 4,005.00 .00 5- DAYS 45
7964850 CANON 3050 COPI 100 NY 16,940.00 .00 09/19/96 12.17% 49
STEVENS TRAVEL MANAGEMENT (INC) 17,325.00 385.00 35- DAYS 45
7977750 VARIOUS EQUIPME ZZZ CA 11,748.96 .00 09/23/96 14.30% 40
DIGITAL PAPYRUS TECHNOLOGY INC 11,748.96 .00 9- DAYS 36
7981450 POWER COMPUTING 500 CA 19,187.40 14.25 09/20/96 18.89% 49
UNIS MULTIMEDIA CORP. 19,173.15 .00 6- DAYS 45
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
WILLIAM T KENNEDY COMPANY NO 6,026.89 306.00
7829350 85.00 3,014.16 1.00
DR. ALI M. JAFARI NO 3,348.27 170.00
7829750 373.00 15,349.79 2,302.47
D.A.R.P. INC. NO 14,693.01 .00
7839450 455.00 18,571.42 2,785.71
DIXON, DIXON, & JESSUP NO 17,923.11 .00
7845450 435.00 17,755.11 2,663.26
LONGY SCHOOL OF MUSIC NO 16,801.95 .00
7846750 143.86 5,872.00 880.76
TRANSCRIPTION PLUS NO 5,666.85 .00
7852750 75.00 3,036.43 394.74
ANCHOR MORTGAGE INC NO 2,954.36 150.00
7856550 127.94 5,222.00 783.30
INTERVALLEY HEALTH NO 5,039.74 .00
7885750 126.14 5,148.57 772.29
ABC TRADING INC NO 4,968.84 .00
7895650 75.00 3,086.00 462.96
PARAGON MANAGEMENT SYSTEMS, INC NO 2,954.36 150.00
7918950 152.64 6,333.50 950.03
PRINCETON EQUITY SECURITIES INC NO 6,012.71 288.00
7923250 156.43 6,385.00 957.75
PEKAREK-CRANDELL, INC. NO 6,162.00 .00
7924950 85.00 3,526.97 529.05
LYNN CHLEWINSKI ACCOUNTANT NO 3,348.27 170.00
7930850 155.00 6,250.00 937.50
NEW LEAF ALTERNATIVE NO 6,105.67 310.00
7937402 282.14 11,515.91 1,727.39
KOEPPEL & KOEPPEL NO 10,897.71 .00
7951450 109.00 4,522.82 678.42
JOHNSON & ASSOCIATES NO 4,293.67 218.00
7964850 385.00 16,041.67 2,406.25
STEVENS TRAVEL MANAGEMENT (INC) NO 15,165.71 833.52
7977750 326.35 11,176.85 1,676.53
DIGITAL PAPYRUS TECHNOLOGY INC NO 10,550.89 605.78
7981450 426.07 14,688.00 881.28
UNIS MULTIMEDIA CORP. NO 16,783.51 852.14
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7984050 MINOLTA EP 6000 100 CA 17,503.20 .00 09/26/96 12.35% 49
DAY GRAPHICS 17,503.20 .00 12- DAYS 45
7990050 KINOLTA 2050 CO 100 C0 6,390.00 .00 09/24/96 14.06% 49
ROCKY MOUNTAIN PERINATAL ASSOCIATES 6,390.00 .00 10- DAYS 45
8008650 TOSHIBA 851 FA 400 NY 3,491.84 .00 09/27/96 13.63% 49
GAKKYJSHA J S A CO LTD 3,571.20 79.36 43- DAYS 45
8062550 XONICA 7050 COP 100 CA 22,142.10 .00 11/25/96 12.90% 49
YASUDA CLAIM, SERVICE INC 22,623.45 481.35 41- DAYS 47
8122050 VARIOUS ESQUIPME ZZZ WA 3,515.00 .00 10/30/96 12.82% 40
SALES DEVELOPMENT ASSOC INC 3,515.00 .00 16- DAYS 37
8138250 MINOLTA 2130 CO 100 NY 1,443.00 .00 10/28/96 14.93% 40
WILLIAM C. CARRICK CPA 1,443.00 .00 14- DAYS 37
8143950 MINOLTA 2130 CO 100 CA 1,404.00 .00 10/11/96 15.20% 40
KOCHER FLOWER GROWERS 1,443.00 39.00 27- DAYS 37
8158550 KONICA 3035 REM 100 VA 5,646.20 .00 11/26/96 12.47% 40
ALPHA SOLUTIONS CORPORATION 5,798.80 152.60 42- DAYS 38
8176402 SAVIN 9220 100 OR 8,008.00 .00 08/19/96 12.17% 49
QUEST INVESTMENT MANAGEMENT INC 8,008.00 .00 5- DAYS 44
8220050 KONICA 3290 COP 100 CA 2,280.00 60.00 10/28/96 20.25% 40
CENTURY 21 TOWN & COUNTRY 2,220.00 .00 16- DAYS 37
8232903 SHARP 2118 COPI 100 NJ 5,808.60 .00 09/13/96 13.27% 49
MONTGOMERY TANK LINES 5,808.60 .00 1- DAY 45
8279301 MINOLTA 8601 CO 100 NY 9,804.00 .00 08/08/96 12.35% 49
ASSOCIATED TELEPHONE DESIGN INC 10,032.00 228.00 24- DAYS 44
8290402 MINOLTA EP2050 100 CA 6,873.65 .00 09/13/96 12.78% 49
MISSION RESEARCH CORPORATION 7,029.90 155.22 29- DAYS 45
8496250 RICOH 4022 COPI 100 OH 4,176.00 .00 11/14/96 12.89% 38
EXCEL STAFFING SERVICES 4,292.00 116.00 30- DAYS 37
8521850 KONICA 3135 COP 100 CA 8,613.50 .00 11/08/96 13.99% 49
SAN JOSE BOOKKEEPING CO INC 8,800.75 187.25 24- DAYS 47
8526750 MINOLTA 2050 CO 100 CA 9,053.72 .00 11/12/96 13.99% 49
ALDEN HOME HEALTH INC 9,250.54 196.82 28- DAYS 47
5543450 RICCI 5700 100 VA 40,337.40 .00 11/13/96 11.14% 40
HUNTSMAN CORPORATION 41,427.60 1,090.20 29- DAYS 38
8548050 VARIOUS ESQUIRE ZZZ CA 36,563.98 .00 11/14/96 10.76% 40
HOME TEAM REAL ESTATE 36,563.98 .00 0- DAYS 38
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
7984050 388.96 16,139.42 2,420.91
DAY GRAPHICS NO 15,321.70 .00
7990050 142.00 5,672.00 850.80
ROCKY MOUNTAIN PERINATAL ASSOCIATES NO 5,593.59 .00
8008650 79.36 3,200.00 480.00
GAKKYJSHA J S A CO LTD NO 3,126.11 .00
8062550 481.35 19,727.59 2,959.14
YASUDA CLAIM, SERVICE INC NO 19,692.25 .00
8122050 95.00 3,345.07 501.76
SALES DEVELOPMENT ASSOC INC NO 3,147.56 .00
8138250 39.00 1,200.00 1.00
WILLIAM C. CARRICK CPA NO 1,292.16 .00
8143950 39.00 1,195.00 1.00
KOCHER FLOWER GROWERS NO 1,292.16 .00
8158550 152.60 5,408.88 811.33
ALPHA SOLUTIONS CORPORATION NO 5,177.88 305.20
8176402 182.00 7,583.33 1,137.50
QUEST INVESTMENT MANAGEMENT INC NO 7,029.76 .00
8220050 60.00 1,846.15 276.93
CENTURY 21 TOWN & COUNTRY NO 1,987.94 .00
8232903 129.08 5,247.00 787.05
MONTGOMERY TANK LINES NO 5,084.65 .00
8279301 228.00 9,460.56 1,419.09
ASSOCIATED TELEPHONE DESIGN INC NO 8,806.54 .00
8290402 156.22 6,420.00 963.00
MISSION RESEARCH CORPORATION NO 6,153.73 .00
8496250 116.00 4,128.11 619.22
EXCEL STAFFING SERVICES NO 3,843.36 .00
8521850 187.25 7,490.00 1,123.50
SAN JOSE BOOKKEEPING CO INC NO 7,660.49 .00
8526750 196.82 7,872.80 1,180.92
ALDEN HOME HEALTH INC NO 8,052.00 .00
5543450 1,090.20 39,643.64 5,946.55
HUNTSMAN CORPORATION NO 36,991.66 .00
8548050 962.21 35,245.69 5,286.85
HOME TEAM REAL ESTATE NO 32,648.82 1,924.42
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
8576350 VARIOUS EQUIPME ZZZ WA 17,382.09 .00 11/25/96 12.17% 49
BARRIER MOTORS (INC) 17,382.09 .00 11- DAYS 47
8578350 MITA DC 3585 CO 100 CA 6,305.72 .00 11/21/96 11.14% 40
DRAPER, J D CO (INC) 6,305.72 .00 7- DAYS 38
8585750 MINOLTA 6000 CO 100 IL 11,353.26 .00 11/20/96 19.73% 25
LASALLE PARTNERS MANAGEMENT LTD 11,353.26 .00 6- DAYS 23
8606150 S5TX1-85-64--P46 500 MD 2,795.44 .00 11/20/96 12.27% 28
TSI TELSYS CORPORATION 6,875.44 4,080.00 36- DAYS 26
8611950 COMPUTER 500 TX 22,522.50 .00 11/25/96 12.26% 32
SIGMATEL INC 22,522.50 .00 11- DAYS 30
8628650 MITA DC-2355 CO 100 NJ 6,576.24 .00 11/22/96 13.83% 46
FARRELL, MICHAEL J ESQ 6,725.70 149.46 38- DAYS 45
8635550 MINOLTA 2050 100 CA 9,677.30 .00 11/25/96 13.08% 49
BARDIN, IAN A 9,677.30 .00 11- DAYS 47
8636050 MITA DC5685 COP 100 PA 9,635.00 .00 11/25/96 12.35% 49
EAGLES NEST CHRISTIAN FELLOWSHIP 9,635.00 .00 11- DAYS 47
8654150 MINOLTA 5320 CO 100 OR 2,474.34 .00 11/26/96 25.75% 25
OHIO CRIME PREVENTION 2,586.81 112.47 42- DAYS 23
8658050 TOSHIDA 6550 CO 100 TX 41,830.00 .00 11/26/96 12.72% 49
INTERNATIONAL STRUCTURAL PRODUCTS 41,830.00 .00 12- DAYS 47
8659603 MINOLTA 2050 100 C0 9,485.97 .00 11/15/96 12.72% 49
WARWICK OLIVER CORP 9,729.00 243.03 31- DAYS 47
8663950 MINOLTA EP3050 100 IN 8,602.00 .00 11/15/96 14.35% 49
MIDWEST EYE INSTITUTE P.C. 8,789.00 187.00 31- DAYS 47
8689150 VARIOUS EQUIPME ZZZ OH 12,011.30 .00 12/02/96 10.56% 37
V COMPANIES, (INC), THE 12,354.48 343.18 18- DAYS 36
8707203 VARIOUS EQUIPME ZZZ NY 15,840.00 .00 08/14/96 12.72% 49
GILSTON ELECTRICAL CONTRACTING CORP 15,340.00 .00 0- DAYS 44
8718050 VARIOUS EQUIPME ZZZ NC 13,262.04 .00 12/05/96 10.37% 37
LAKE NORMAN SECRETARIAL SERVICE 13,262.04 .00 9- DAYS 36
8740850 Q-205 REMANUFAC 100 RI 11,115.10 19.10 12/03/96 15.31% 38
PDQ PRINTING & COPYING 11,096.00 .00 11- DAYS 38
8742950 COPYSTAR 2280 C 100 FL 40,339.70 .00 12/03/96 12.87% 47
UNITED STATES PENSION SERVICES,INC. 41,216.65 876.95 19- DAYS 47
8760950 RISO 3750 DUPLI 100 VA 12,950.00 .00 12/05/96 10.56% 37
NEW DELIVERANCE EVANGELISTIC CHURCH 13,320.00 370.00 21- DAYS 36
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
8576350 330.47 15,852.90 2,377.93
BARRIER MOTORS (INC) NO 15,565.21 .00
8578350 165.94 6,034.00 905.10
DRAPER, J D CO (INC) NO 5,630.52 331.87
8585750 493.62 10,801.31 1,620.20
LASALLE PARTNERS MANAGEMENT LTD NO 10,583.38 .00
8606150 264.44 6,212.92 2.00
TSI TELSYS CORPORATION NO 6,353.95 .00
8611950 750.75 19,864.26 2.00
SIGMATEL INC NO 20,576.11 .00
8628650 149.46 6,150.62 922.59
FARRELL, MICHAEL J ESQ NO 5,887.45 .00
8635550 205.90 8,404.08 1,260.61
BARDIN, IAN A NO 8,423.47 .00
8636050 205.00 8,506.22 1,275.93
EAGLES NEST CHRISTIAN FELLOWSHIP NO 8,386.65 410.00
8654150 112.47 2,295.00 344.25
OHIO CRIME PREVENTION NO 2,411.40 .00
8658050 890.00 36,625.51 5,493.83
INTERNATIONAL STRUCTURAL PRODUCTS NO 36,410.32 .00
8659603 207.00 8,518.51 1,277.78
WARWICK OLIVER CORP NO 3,463.47 .00
8663950 137.00 7,420.64 1,113.10
MIDWEST EYE INSTITUTE P.C. NO 7,650.26 .00
8689150 343.18 11,833.79 1,775.07
V COMPANIES, (INC), THE NO 11,094.66 686.36
8707203 360.00 14,814.81 2,222.22
GILSTON ELECTRICAL CONTRACTING CORP NO 13,905.06 .00
8718050 368.39 12,747.06 1,912.06
LAKE NORMAN SECRETARIAL SERVICE NO 11,909.68 736.78
8740850 292.00 9,864.86 1,479.73
PDQ PRINTING & COPYING NO 9,907.87 292.00
8742950 876.95 36,387.97 5,458.20
UNITED STATES PENSION SERVICES,INC. NO 35,876.44 .00
8760950 370.00 12,758.62 1,913.79
NEW DELIVERANCE EVANGELISTIC CHURCH NO 11,961.73 740.00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
8784750 COMPUQUICK CORP. 500 NY 3,912.52 23.14 12/06/96 20.83% 22
ADOLPH L. CHIARINO 3,889.38 .00 8- DAYS 22
8790150 SHARP 2040 COPI 100 MD 12,874.40 .00 12/09/96 12.81% 37
TELNET FINANCIAL CORP 13,242.24 367.84 25- DAYS 36
8790250 KONICA 4345 COP 100 NY 12,006.72 .00 12/13/96 10.37% 37
DAR GROUP INC 12,006.72 .00 1- DAY 36
8850650 MINOLTA 2130 CO 100 NJ 1,587.23 .00 12/13/96 21.66% 25
ADVANCED HEALTH & REHABILITATION PC 1,656.24 69.01 29- DAYS 24
8859050 DATAGRAPH MODEL 500 VA 8,455.98 .00 12/16/96 24.29% 22
HERITAGE NEON INC. 8,484.96 28.98 2- DAYS 22
8880350 RICOH FT4522 W/ 100 CT 10,850.00 .00 12/12/96 11.21% 37
NORWALK COMPANY INC 11,160.00 310.00 28- DAYS 36
8297150 MITA COPYSTAR C 100 CA 1,632.00 .00 12/18/96 21.93% 25
SOCIETY LLC 1,632.00 .00 4- DAYS 24
8912850 MINOLTA EP 2050 100 NY 12,384.00 .00 12/29/96 12.25% 37
SERGEANT'S BENEVOLENT ASSOC 12,384.00 .00 15- DAYS 36
8925650 POWERMAC 9500/1 500 NY 35,179.32 .00 12/20/96 17.10% 22
RYE PRINTING CO INC 35,179.32 .00 6- DAYS 22
8928050 NATIONAL COMPUT 500 MA 12,279.24 .00 12/20/96 17.31% 37
CONLEY CORPORATION 12,279.24 .00 6- DAYS 36
8935550 AUTOSTAR SOFTWA 500 NJ 2,398.22 .00 12/30/96 31.05% 22
MAJESTIC MOTORS INC 2,398.22 .00 16- DAYS 22
8935750 COMPUTER SYSTEM 500 MI 1,877.26 .00 12/30/96 31.05% 22
DOERR AUTO SALES 1,877.26 .00 16- DAYS 22
9097804 MINOLTA EP 2050 100 FL 9,299.92 59.92 08/25/96 12.72% 49
MARLIN R E S INC 9,240.00 .00 19- DAYS 44
9123601 MINOLTA 3050 DE 100 TX 9,481.50 .00 08/04/96 13.08% 49
SABAYRAC BATTERY ASSOCIATES INC 9,702.00 220.50 20- DAYS 44
9132301 VARIOUS EQUIPME ZZZ NJ 7,506.84 .00 08/06/96 13.32% 49
ANDORA, PALMISANO, GEANEY INC. 7,506.84 .00 8- DAYS 44
9223601 MINOLTA EP 1081 100 NY 3,844.00 .00 07/09/96 12.81% 37
ANNA J RHEE MD & A.M. CALANOG MD 3,844.00 .00 5- DAYS 31
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
8784750 176.79 3,564.29 1.00
ADOLPH L. CHIARINO NO 3,636.14 .00
8790150 367.84 12,180.13 1,827.02
TELNET FINANCIAL CORP NO 11,891.89 735.68
8790250 333.52 11,540.48 1,731.07
DAR GROUP INC NO 10,782.36 1,250.00
8850650 69.01 1,425.70 142.57
ADVANCED HEALTH & REHABILITATION PC NO 1,539.47 130.20
8859050 385.68 7,565.00 1.00
HERITAGE NEON INC. NO 7,932.50 .00
8880350 310.00 10,281.26 1,186.87
NORWALK COMPANY INC NO 10,021.99 .00
8297150 68.00 1,449.89 217.48
SOCIETY LLC NO 1,516.94 136.00
8912850 344.00 11,505.02 1,725.75
SERGEANT'S BENEVOLENT ASSOC NO 11,121.17 888.00
8925650 1,599.06 33,217.00 1.00
RYE PRINTING CO INC NO 32,888.76 .00
8928050 341.09 10,121.50 1,012.15
CONLEY CORPORATION NO 11,027.09 682.18
8935550 109.01 2,029.80 1.00
MAJESTIC MOTORS INC NO 2,242.07 .00
8935750 85.33 1,589.00 1.00
DOERR AUTO SALES NO 1,755.03 .00
9097804 210.00 8,642.00 1,296.30
MARLIN R E S INC NO 8,111.29 .00
9123601 220.50 9,000.00 1,350.00
SABAYRAC BATTERY ASSOCIATES INC NO 8,516.85 .00
9132301 170.61 6,851.06 1,027.65
ANDORA, PALMISANO, GEANEY INC. NO 6,589.84 .00
9223601 124.00 4,105.96 615.89
ANNA J RHEE MD & A.M. CALANOG MD NO 3,501.74 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATE PRINTED: 0/15/97 9:10AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # ACTUAL PAST DUE START DATE NET
LESSEE'S NAME EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C>
TOTAL LEASES: 124 1,434,848.42 500.24
1,455,204.01 20,855.83
<CAPTION>
LEASE # PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME DANKA? PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C> <C>
TOTAL LEASES: 124 37,964.77 1,317,152.05 150,985.93
1,291,093.91 22,650.20
</TABLE>
- - - - - S U M M A R Y - - - -
AVERAGE TERM REMAINING: 36 MONTHS
TOTAL MONTHLY PAYMENT: 37,964.77
TOTAL RESIDUAL VALUE: 150,985.93
TOTAL SECURITY DEPOSITS: 22,650.20
TOTAL PRESENT VALUE: 1,291,093.91
<PAGE>
DELINQUENCY REPORT
<PAGE>
COPELCO CAPITAL PRINTING CORP. LOAN # 50015
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 30-39 DAYS DEL. 90 DAYS & DEL.
PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
7439150 30 6,996.99 247.77 247.77
7481550 59 12,579.24 565.88 668.88
7491278 52 6,438.68 223.00 228.00
7533950 51 1,744.14 60.00 60.00
7554350 47 9,754.14 335.57 335.57
7580701 44 2,431.51 104.94 104.94
7675001 38 1,861.84 99.00 99.00
7752201 32 2,749.88 92.00 92.00 184.00
7850901 34 5,143.56 141.70 141.70
7910701 65 3,116.07 158.26 158.26 316.52
7947285 73 6,736.66 194.00 194.00 388.00
8235202 31 769.26 29.00 29.90 59.80
8307501 36 10,700.85 569.00 569.00
8378955 30 22,164.91 721.80 721.80
8378958 33 1,847.08 60.15 60.15
8378965 31 3,035.45 96.30 96.30
8378975 36 1,633.78 48.15 48.15
8378977 36 1,633.78 48.15 48.15
8378973 36 2,040.95 60.15 60.15
8376979 36 1,633.78 48.15 48.15
8378986 36 2,248.79 64.76 64.76
8439806 51 7,284.97 274.18 274.18
8439607 51 10,472.31 394.14 394.14
8439603 51 6,520.28 245.40 245.40
8507702 30 3,008.05 185.15 185.15
8585302 56 9,417.00 211.00 211.00
8623301 52 5,416.26 263.34 263.34
8650612 86 17,456.40 470.79 470.79 941.58
8761801 68 4,502.34 150.63 150.63 301.26
8763401 71 2,325.31 93.46 93.46 186.92
8843204 87 2,743.93 103.46 103.46 206.92
8949401 57 2,200.11 105.97 106.97
8975408 37 4,990.65 193.98 193.98
8979525 68 1,292.82 65.66 65.66 131.32
9015801 30 51,846.49 2,520.79 2,520.79
9070801 33 2,713.33 99.00 99.00
9157201 30 14,241.11 309.00 309.00
9181506 55 14,126.75 486.00 486.00
9181507 55 5,545.81 294.00 294.00
9235801 76 19,789.39 422.76 422.76 845.52
TOTAL PAST DUE PAYMENTS OVER 30 DAYS 101,123.06 23,647.93 124,970.99
TOTAL PAYMENTS: 124,970.99
TOTAL # LEASES: 488
TOTAL PRESENT VALUE: 2,842,589.44
</TABLE>
<PAGE>
CASH SUMMARY
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 50015 DATE PRINTED: 01/15/97 11:45AM
FOR THE MONTH ENDED 12/30/96 AS OF THE DETERMINATION DATE OF 01/15/99
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
6920504 1,946.52 UPGRADE
6920505 862.65 UPGRADE
6920586 780.87 UPGRADE
6920507 763.13 UPGRADE
7031802 5,028.56 UPGRADE
7128204 168.40 UPGRADE
7144750 259.05 PREPAYMENTS
7231450 61.60- PREPAYMENTS
7234150 2,506.64 PREPAYMENTS
7297151 1,679.89 UPGRADE
7436850 1.00 REBOOKED
8650613 5,238.09 UPGRADE
9099501 3,158.96 UPGRADE
9110901 1,342.32 UPGRADE
PREPAYMENTS 26,985.53
UPGRADE 93,317.23
REBOOKED 1,509.11
GRAND TOTAL 121,811.87
<PAGE>
COPELOCO CAPITAL FUNDING CORP II-96 Page 1
MONTHLY SERVICER REPORT 18-Feb-97
FEBRUARY 20, 1997 8:30 AM
MONTHS IN PROGRESS 6
<TABLE>
<S> <C> <C>
Line
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 207,996,473.29
1/2 Less: Lease Receivables - current month 6,772,192.38
1/3 Add: Actual Interest Payment (Weighted Av A, B & C notes) 1,103,993.43
1/4 Add: 0.75% Servicing Component 129,997.80
1/5 Less: Current month Nonperforming 857,658.43
1/5a Less: Warranty Leases -
1/6 Less: Amounts on Early Terminations 514,656.99
1/7 Add: Amounts due to Substitutions 857,673.64
1/8 Add: Amounts due to Additional leases (Prepaid Leases) 514,660.79
1/9 Ending Net Present Value 202,458,291.15
2 Overdue Lease Payments - see computer detail
2/1 Beginning Balance 979,661.30
2/2 (Memo) Overdue Payments Received 796,911.07
2/3 Less: Reimbursed Per This Report 796,911.07
2/4 Les: Past Dues on Disqualified Leases - Early Terminations 19,657.42
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 79,992.45
2/6 Add: Last Month's Current Payments that became Past Due 733,439.08
2/7 Add: Received on Replacements Leases 1,386.25
2/8 (MEMO) Net New Advances 733,439.08
2/9 Ending Balance 817,925.69
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,234,133.00
3/2 Less: Amount Used 79,686.97
3/3 Ending Maximum Availability 16,154,446.03
3/4 (MEMO) Amount Realized 929,940.21
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases substituted 2,488,843.00
3/6 Residuals of Substitutions 2,757,140.52
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,321,331.38
4/2 Less: Applied to Current from Prepaid 879,296.40
4/3 Les: Advance on Disqualified Leases 197,971.06
4/4 Add: Received This Month 1,528,299.50
4/5 Add: Received on Replacement Leases 29,272.80
4/6 Ending Balance 3,801,636.22
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases only) OVER 5.0% Y/N
5/2 Overdue payments and PV on leases over 62 but less than 122 days 550,891.95
5/3 PV of performing leases 202,458,291.15
5/4 Delinquency Rate Current Month 0.27%
5/5 Second Preceding Month 0.36%
5/6 Third Preceding Month 0.26%
5/7 Average 0.32%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,599,955.92
6/2 Les: New Obligations: Total Shortfall (Bo) -
6/3 Plus: Interest earned on Cash Reserve Acct. 10,856.19
6/4 Ending Balance 2,610,812.11
6/5 1.25% of Outstanding Note Value 2,530,728.64
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,530,728.64
6/8 Cash Reserve Release (6/4-6/7) 80,083.47
6/9 Ending Balance Cash Reserve Account 2,530,728.64
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
7/4 Ending Balance -
</TABLE>
<PAGE>
COPELOCO CAPITAL FUNDING CORP II-96 Page 1
MONTHLY SERVICER REPORT 18-Feb-97
FEBRUARY 20, 1997 8:30 AM
MONTHS IN PROGRESS 6
<TABLE>
<S> <C> <C>
Line
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 207,996,473.29
1/2 Less: Lease Receivables - current month 6,772,192.38
1/3 Add: Actual Interest Payment (Weighted Av A, B & C notes) 1,103,993.43
1/4 Add: 0.75% Servicing Component 129,997.80
1/5 Less: Current month Nonperforming 857,658.43
1/5a Less: Warranty Leases -
1/6 Less: Amounts on Early Terminations 514,656.99
1/7 Add: Amounts due to Substitutions 857,673.64
1/8 Add: Amounts due to Additional leases (Prepaid Leases) 514,660.79
1/9 Ending Net Present Value 202,458,291.15
2 Overdue Lease Payments - see computer detail
2/1 Beginning Balance 979,661.30
2/2 (Memo) Overdue Payments Received 796,911.07
2/3 Less: Reimbursed Per This Report 796,911.07
2/4 Les: Past Dues on Disqualified Leases - Early Terminations 19,657.42
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 79,992.45
2/6 Add: Last Month's Current Payments that became Past Due 733,439.08
2/7 Add: Received on Replacements Leases 1,386.25
2/8 (MEMO) Net New Advances 733,439.08
2/9 Ending Balance 817,925.69
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,234,133.00
3/2 Less: Amount Used 79,686.97
3/3 Ending Maximum Availability 16,154,446.03
3/4 (MEMO) Amount Realized 929,940.21
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases substituted 2,488,843.00
3/6 Residuals of Substitutions 2,757,140.52
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,321,331.38
4/2 Less: Applied to Current from Prepaid 879,296.40
4/3 Les: Advance on Disqualified Leases 197,971.06
4/4 Add: Received This Month 1,528,299.50
4/5 Add: Received on Replacement Leases 29,272.80
4/6 Ending Balance 3,801,636.22
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases only) OVER 5.0% Y/N
5/2 Overdue payments and PV on leases over 62 but less than 122 days 550,891.95
5/3 PV of performing leases 202,458,291.15
5/4 Delinquency Rate Current Month 0.27%
5/5 Second Preceding Month 0.36%
5/6 Third Preceding Month 0.26%
5/7 Average 0.32%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,599,955.92
6/2 Les: New Obligations: Total Shortfall (Bo) -
6/3 Plus: Interest earned on Cash Reserve Acct. 10,856.19
6/4 Ending Balance 2,610,812.11
6/5 1.25% of Outstanding Note Value 2,530,728.64
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,530,728.64
6/8 Cash Reserve Release (6/4-6/7) 80,083.47
6/9 Ending Balance Cash Reserve Account 2,530,728.64
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
7/4 Ending Balance -
</TABLE>
<PAGE>
COPELOCO CAPITAL FUNDING CORP II-96 Page 1
MONTHLY SERVICER REPORT 18-Feb-97
FEBRUARY 20, 1997 8:30 AM
MONTHS IN PROGRESS 6
<TABLE>
<S> <C> <C>
Line
1 Transaction Cash Flow - see computer detail
1/1 Beginning Net Present Value 207,996,473.29
1/2 Less: Lease Receivables - current month 6,772,192.38
1/3 Add: Actual Interest Payment (Weighted Av A, B & C notes) 1,103,993.43
1/4 Add: 0.75% Servicing Component 129,997.80
1/5 Less: Current month Nonperforming 857,658.43
1/5a Less: Warranty Leases -
1/6 Less: Amounts on Early Terminations 514,656.99
1/7 Add: Amounts due to Substitutions 857,673.64
1/8 Add: Amounts due to Additional leases (Prepaid Leases) 514,660.79
1/9 Ending Net Present Value 202,458,291.15
2 Overdue Lease Payments - see computer detail
2/1 Beginning Balance 979,661.30
2/2 (Memo) Overdue Payments Received 796,911.07
2/3 Less: Reimbursed Per This Report 796,911.07
2/4 Les: Past Dues on Disqualified Leases - Early Terminations 19,657.42
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 79,992.45
2/6 Add: Last Month's Current Payments that became Past Due 733,439.08
2/7 Add: Received on Replacements Leases 1,386.25
2/8 (MEMO) Net New Advances 733,439.08
2/9 Ending Balance 817,925.69
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,234,133.00
3/2 Less: Amount Used 79,686.97
3/3 Ending Maximum Availability 16,154,446.03
3/4 (MEMO) Amount Realized 929,940.21
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases substituted 2,488,843.00
3/6 Residuals of Substitutions 2,757,140.52
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,321,331.38
4/2 Less: Applied to Current from Prepaid 879,296.40
4/3 Les: Advance on Disqualified Leases 197,971.06
4/4 Add: Received This Month 1,528,299.50
4/5 Add: Received on Replacement Leases 29,272.80
4/6 Ending Balance 3,801,636.22
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases only) OVER 5.0% Y/N
5/2 Overdue payments and PV on leases over 62 but less than 122 days 550,891.95
5/3 PV of performing leases 202,458,291.15
5/4 Delinquency Rate Current Month 0.27%
5/5 Second Preceding Month 0.36%
5/6 Third Preceding Month 0.26%
5/7 Average 0.32%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,599,955.92
6/2 Les: New Obligations: Total Shortfall (Bo) -
6/3 Plus: Interest earned on Cash Reserve Acct. 10,856.19
6/4 Ending Balance 2,610,812.11
6/5 1.25% of Outstanding Note Value 2,530,728.64
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,530,728.64
6/8 Cash Reserve Release (6/4-6/7) 80,083.47
6/9 Ending Balance Cash Reserve Account 2,530,728.64
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
7/4 Ending Balance -
</TABLE>
<PAGE>
COPELOCO CAPITAL FUNDING CORP II-96 Page 2
MONTHLY SERVICER REPORT 18-Feb-97
FEBRUARY 20, 1997 8:30 AM
MONTHS IN PROGRESS 6
<TABLE>
<S> <C> <C>
Line
3 Nonperforming Leases
3/1 Beginning Balance of Nonperforming Leases -
3/2 Plus Current Month Additions -
3/3 Plus Past Due Payments on Non Performing Leases -
3/4 Less Current Month Recoveries -
3/5 Ending Balance -
Cash Receipts
Line
A/1 Regular monthly payments 5,327,971.18
A/2 Overdue payments 796,911.07
A/3 Overdue Payments due on Early Termination and Termed Out Leases (From Seller) 19,657.42
A/4 Advance Payments on monthly rentals 1,358,077.90
A/5 Residual Values 170,221.60
A/6 Recoveries on Defaulted Leases -
A/7 Proceeds from investment of Collection Account funds 31,266.59
A/8 Draws upon Residual Account -
A/9 Casualty and Termination Payments -
A/10 Servicer Advances 733,439.08
A/11 Total receipts 8,437,544.84
Disbursement Requirements
Line
B/1 Past Due Payments Collected, Due Servicer (COLLECTION ACCT) 796,911.07
B/2 Overdue Payments Advanced, on Disqualified Leases (COLLECTION ACCT) 99,649.87
B/3 Servicing Fee (COLLECTION ACCOUNT) 129,997.80
B/4 Advance Payments on Disqualified Leases (COLLECTION ACCOUNT) 197,971.06
B/5 Total to Servicer 1,224,529.80
B/6 Collection Account - Advanced Rents (Monthly-Increase/(Decrease)) 480,304.84
B/7 Net cash receipt 6,732,710.20
B/8 Shortfall (1/1-1/9+C/1+C/2+C/3-B/7) -
B/9 Draw on Cash Feserve -
B/10 Draw on Residual Account -
B/11 Total Avaliable Funds 6,732,710.20
C Noteholders
C/1 Class A Interest Paid 6.34% 1,002,757.69
C/2 Class B Interest Paid 6.59% 68,535.11
C/3 Class C Interest Paid 6.86% 32,700.63
C/4 Beginning Class A Note Balance 189,796,407.86
C/5 Class A Note Value Target (91.25% of 1/9) 184,742,816.66
C/6 Class A Principal Paid (min((C/4-C/5), B11-C/1-C/2-C/3) 5,053,591.20
C/7 Ending Class A Note Balance 184,742,816.66
C/8 Beginning Class B Note Balance 12,479,837.78
C/9a Class B Note Value Target (6% of 1/9) 12,147,546.85
C/9b Class B Note Value Floor (2.5% of $235,449,177+Cum. Losses-C/12-6/4) -
C/10 Class B Principal Paid ((min((C/8-max(C/9a,C/9b)),B11-C/1-C/2-C/3-C/6)) 332,290.93
C/11 Ending Class B Note Balance 12,147,546.85
C/12 Beginning Class C Note Balance 5,720,227.65
C/13a Class C Note Value Target (2.75% of 1/9) 5,567,927.64
C/13b Class C Note Value Floor (1% of $235,449,177+Cum. Losses-6/4) -
C/14 Class C Principal Paid (min((C/12-max(C/13a, C/13b)),B/11-C/1-C/2-C/3-C/6-C/10)) 152,300.01
C/15 Ending Class C Note Balance 5,567,927.64
C/16 Balance Available for Distribution to Copelco 90,534.63
D Miscellaneous Tracking Items
D/1 % of Total Nonperforming and Warranty substituted as per Initial Outs.Note Value 5.08%
D/2 (MEMO) Cumulative amounts on Early Lease Terminations due to modification of leases -
D/3 (MEMO) Cumulative amounts of additional leases purchased 4,315,916.10
D/4 (MEMO) Avg. residual realization greater than book residual by Document Imaging and Yes
Major Accounts division for last three months(Yes/No)
D/5 % of Totoal Variance of Residuals substituted for Non-performing & Prepaid leases and 0.83%
residuals of Substituted leases to Initial pool booked residuals
</TABLE>
<PAGE>
MONTHLY
ACTIVITY REPORT
<PAGE>
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
MONTHLY ACTIVITY BY LEASE
<TABLE>
<CAPTION>
LEASE # -----------OPENING BALANCE----------- -----------CASH APPLICATION-----------
LEASE # PREPAID CURRENT PAST DUE PREPAID CURRENT PAST DUE
<S> <C> <C> <C> <C> <C>
233,562,341.36 1,358,077.90 796,911.07
3,321,331.38 979,661.30 5,327,971.18
<CAPTION>
REPLACE, ADD -----------CLOSING BALANCE----------- DAYS DEL.
OR DISQUAL PREPAID CURRENT PAST DUE DAYS DEL.
<S> <C> <C> <C> <C>
3,801,636.22 817,925.69
43,761.89 226,755,183.55
</TABLE>
DANKA PRESENT VALUE: .00
PORTFOLIO PRESENT VALUE: 202,845,475.92
% DANKA/TOTAL PORTFOLIO: .00%
<TABLE>
<CAPTION>
TOTAL OPENING RECEIVABLES BALANCE TOTAL CASH APPLICATIONS NET REPLACE/DISQUAL
231,845,475.92 7,482,960.15 43,761.89
TOTAL 0-14 DAYS DEL. 15-29 DAYS DEL. 30-44 DAYS DEL. 45-59 DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES -#/% NO - LEASES -#/% NO - LEASES -#/% NO - LEASES -#/% NO - LEASES -#/%
<S> <C> <C> <C> <C>
223,781,473.02 213,058,438.88 7,736,101.72 1,077,925.27 1,285,939.53
100.00% 95.21% 3.46% 0.48% 0.57%
21,955 20,836 732 147 134
100.00% 94.90 3.33% 0.67% 0.61%
<CAPTION>
TOTAL CLOSING RECEIVABLE BALANCE
223,781,473.02
60-89 DAYS DEL. 90+ DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES -#/% NO - LEASES -#/%
<S> <C>
623,067.62 .00
0.28% 0.00%
106
0.48% 0.00%
</TABLE>
<PAGE>
LEASE DISQUALFICATION
REPORT
<PAGE>
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
0121152 COMPACT COMPUTE 4,537.90- 85,136.70 .00 89,674.60 1,547.94
0135009 CANON NP6030 CO 5,727.74 5,301.38 426.36 .00 279.02
0135010 CANON NP 6050C 10,893.51 10,079.60 813.91 .00 503.98
0270051 MINOLTA 1080 CO 77.52- 343.00 .00 420.52 171.50
0519751 JETFAX M5 3,069.00 2,673.00 396.00 .00 99.00
1056301 MINOLTA 4050 DE 20,526.63 19,320.33 1,206.30 .00 378.83
1102702 SHARP 2060 18,010.00 15,714.00 2,296.00 .00 574.00
1188244 CANON NP 8530 C 15,216.00 14,582.00 634.00 .00 634.00
1211851 VARIOUS EQUIPME 84,600.00 84,600.00 .00 .00 1,800.00
1220552 MINOLTA 4050 CO 15,471.00 14,611.50 859.50 .00 429.75
1340251 MINOLTA EP 9760 25,970.00 24,910.00 1,060.00 .00 530.00
1455857 VARIOUS EQUIPME 3,656.66 3,617.60 39.06 .00 129.20
1840151 MINOLTA 4050 DE 16,624.96 16,688.22 .00 63.26 327.22
2432504 MAINTENANCE CON .00 551.20 .00 551.20 551.20
2627651 CANON 8580 COPI 6,750.00 7,020.00 .00 270.00 270.00
2752452 COMPUTER 127.28 1,478.96 .00 1,351.68 184.87
2774555 MAINTENANCE CON .00 224.44 .00 224.44 224.44
2803351 RICOH 4220 COPI 5,131.35 4,544.91 586.44 .00 146.61
3033551 KODAK 235 AF CO 1.00- 1,077.40 .00 1,078.40 1,077.40
3341051 TOSHIBA 2540 CO 745.16- 7,680.00 .00 8,425.16 160.00
3427212 COMPUTERS 1.00- 185.82 .00 186.82 185.82
3522451 DIRECT PROJECTO 970.56 485.28 485.28 .00 121.32
3644550 MINOLTA 1700 FA 436.80 187.20 249.60 .00 62.40
3688701 MITA DC 3055 CO 929.17- 6,800.00 .00 7,729.17 200.00
3767450 UNITY 1800 XLO 757.48- 4,897.05 .00 5,654.53 326.47
3895650 MINOLTA EP 2050 2,385.00 1,325.00 1,060.00 .00 265.00
4115257 CANON NP6030 CO 2,079.75 693.25 1,386.50 .00 693.25
4128751 MITA DC 3055 CO 4,321.60 4,321.60 .00 .00 135.05
4144061 VARIOUS EQIPME 24,000.00 23,040.00 960.00 .00 960.00
4144062 VARIOUS EQIPME 49,452.00 47,550.00 1,902.00 .00 1,902.00
4144063 CANON 8530 17,037.00 16,406.00 631.00 .00 631.00
4144064 CANON 8530 17,037.00 16,406.00 631.00 .00 631.00
4144065 CANON L7000 FAX 2,054.00 2,054.00 .00 .00 79.00
4144070 CANON L7000 2,370.00 2,291.00 79.00 .00 79.00
4144071 AUDIOR 750 980.00 945.00 35.00 .00 35.00
4355350 MINOLTA 4050 CO 12,814.93 12,298.63 516.30 .00 396.73
4373650 MINOLTA EP 4050 16,275.00 14,415.00 1,860.00 .00 465.00
4415450 TOSHIBA 2050 CO 4,442.81 3,845.37 597.44 .00 167.19
4476250 MINOLTA 4301 1,725.00 1,425.00 300.00 .00 75.00
4506450 VARIOUS EQUIPME 20,970.00 20,970.00 .00 .00 .00
4510902 KONICA 1015 COP 2,604.00 2,728.00 .00 124.00 124.00
4511050 MINOLTA 3050 CO 3,026.10 2,737.90 288.20 .00 144.10
4513950 KONICA 4145 COP 11,589.55 10,850.00 739.55 .00 350.00
4538550 SHARP 7320 COPI 1,008.00 840.00 168.00 .00 42.00
4553550 MINOLTA EP 3050 7,434.94 7,656.00 .00 221.06 232.00
4611150 MINOLTA 2152 2,612.41 2,016.60 595.81 .00 100.83
4619650 VARIOUS EQUIPME 7,429.62 6,754.20 675.42 .00 337.71
4623950 2050 6,895.46 6,207.36 688.10 .00 193.98
4638850 MITA DC 3055 6,108.00 5,504.00 604.00 .00 172.00
4663250 MINOLTA EP 3050 7,654.85 6,680.00 974.85 .00 334.00
4674650 MINOLTA 3170 CO 1,584.48 1,320.40 264.08 .00 66.02
4729050 PANASONIC FP 17 2,640.00 2,200.00 440.00 .00 110.00
<CAPTION>
LEASE# TRM PRESENT RESIDUAL SECURITY DISQUALIFICIATION
REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C>
0121152 55 72,459.04 7,477.99 3,095.88 PREPAYMENT
0135009 19 4,999.48 1,409.22 .00 PREPAYMENT
0135010 20 9,478.06 2,845.35 .00 PREPAYMENT
0270051 2 339.97 1.00 .00 PREPAYMENT
0519751 27 2,463.15 510.31 214.24 DELINQUENT090+
1056301 51 16,628.79 2,758.47 .00 UPGRADE
1102702 39 14,257.16 3,300.00 .00 UPGRADE
1188244 23 13,593.18 2,006.33 .00 LEGAL
1211851 47 73,638.85 13,329.15 .00 LEGAL
1220552 34 13,196.69 2,620.44 .00 LEGAL
1340251 47 21,682.55 3,994.98 .00 UPGRADE
1455857 28 3,324.01 631.27 .00 UPGRADE
1840151 51 14,363.36 2,383.03 .00 UPGRADE
2432504 1 547.95 1.00 .00 PREPAYMENT
2627651 26 6,487.54 2.00 .00 UPGRADE
2752452 8 1,440.24 1.00 369.74 PREPAYMENT
2774555 1 223.12 1.00 .00 PREPAYMENT
2803351 31 4,140.24 869.23 293.22 DELINQUENT090+
3033551 1 1,071.05 1.00 .00 PREPAYMENT
3341051 48 6,666.12 1,165.05 339.20 PREPAYMENT
3427212 1 184.72 1.00 .00 PREPAYMENT
3522451 4 478.17 1.00 257.20 DELINQUENT090+
3644550 3 185.00 180.00 .00 DELINQUENT090+
3688701 34 6,141.57 796.81 550.00 PREPAYMENT
3767450 15 4,672.21 605.99 .00 PREPAYMENT
3895650 5 1,301.74 1.00 .00 DELINQUENT090+
4115257 1 689,.16 1,179.00 .00 UPGRADE
4128751 32 3,925.55 826.83 .00 LEGAL
4144061 24 21,415.66 3,037.98 .00 LEGAL
4144062 25 44,070.30 6,038.10 .00 LEGAL
4144063 26 15,161.63 2,003.18 .00 LEGAL
4144064 26 15,161.63 2,003.18 .00 LEGAL
4144065 26 1,898.21 250.79 .00 LEGAL
4144070 29 2,099.03 250.79 .00 LEGAL
4144071 27 870.81 101.74 .00 LEGAL
4355350 31 11,203.59 2,361.49 .00 UPGRADE
4373650 31 13,131.53 2,870.37 1,130.00 DELINQUENT090+
4415450 23 3,584.61 902.10 .00 DELINQUENT090+
4476250 19 1,343.85 368.85 150.00 DELINQUENT090+
4506450 27 19,271.22 4,350.60 .00 UPGRADE
4510902 22 2,550.38 630.51 .00 UPGRADE
4511050 19 2,581.98 732.71 .00 LEGAL
4513950 31 9,883.95 2,066.93 .00 UPGRADE
4538550 20 789.87 156.45 .00 DELINQUENT090+
4553550 33 6,934.49 1,432.09 .00 UPGRADE
4611150 20 1,896.25 486.32 201.66 DELINQUENT090+
4619650 20 6,351.11 1,789.98 675.42 LEGAL
4623950 32 5,638.49 1,186.73 .00 DELINQUENT090+
4638850 32 4,999.59 1,057.38 172.00 DELINQUENT090+
4663250 20 6,281.34 1,658.94 .00 LEGAL
4674650 20 1,241.60 289.58 132.04 DELINQUENT090+
4729050 20 2,068.71 567.01 220.00 DELINQUENT090+
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. Loan #500015 Page 10
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE: DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
4748350 SHARP 8100 COPI 1,905.00 1,800.00 105.00 .00 90.00
4765250 VARIOUS EQUIPMENT 1,875.26 1,585.50 289.76 .00 75.50
4770850 MITA D 1755 CO 3,737.28 3,114.40 622.88 .00 155.72
4774850 TOSHIBA 1340 CO 1,464.00 1,220.00 244.00 .00 61.00
4781350 VARIOUS EQUIPMENT 4,659.76 3,994.08 665.68 .00 166.42
4784650 SAVIN 90132 COP 2,526.75 2,122.47 404.28 .00 101.07
4846950 MINOLTA EP 1081 2,089.07 2,295.30 .00 206.23 109.30
4854650 MINOLTA EP 3050 6,871.40 6,273.96 597.52 .00 298.76
4856151 VARIOUS EQUIPMENT 6,558.45 7,714.33 .00 1,155.88 593.41
4892150 COMPUTER 18,924.96 16,559.34 2,365.62 .00 788.54
4892152 COMPUTER 5,321.36 4,924.56 396.80 .00 205.19
4892153 COMPUTER 9,363.87 8,323.44 1,040.43 .00 346.81
4902850 PANASONIC 1780 2,459.45 2,709.00 .00 249.55 129.00
4912950 MITA 4056 8,866.44 8,316.00 550.44 184.80 45 184.80
4939052 485 DX COMPUTER 1,720.24 1,475.45 244.79 .00 64.15
4963150 MINOLTA 2050 5,394.22 4,564.34 829.88 .00 207.47
4966650 MINOLTA 1081 2,360.00 1,982.40 377.60 .00 94.40
4970050 MITA 4086 COPIE 4,997.57 5,607.00 .00 609.43 267.00
5009450 TOSHIBA 2510/AD 2,839.72 2,520.00 319.72 .00 120.00
5037050 CANON NP2120 CO 2,634.71 2,299.00 335.71 .00 114.95
5040050 KONICA 2125/RAD 8,652.00 8,291.50 360.50 .00 180.25
5043950 CANON 1820 COPI 407.30 3,190.00 .00 3,597.30 145.00
5067850 MINOLTA EP 1081 22,470.00 2,090.00 380.00 .00 95.00
5091050 KONICA 2125 COP 5,716.85 5,704.82 12.03 .00 259.31
5099350 COMPUTER 5,980.72 5,262.84 717.88 .00 239.22
5114750 VARIOUS EQUIPMENT 5,350.00 4,922.00 428.00 .00 107.00
5143951 SAVIN 9027/ARDF 6,800.00 6,256.00 544.00 .00 136.00
5149750 MINOLTA EP 4050 16,380.02 15,071.44 1,308.58 .00 327.64
5152050 PRESSMATE 2,322.76 16,756.48 .00 14,433.72 523.64
5170550 MITA DC 1256 CO 1,278.58 1,144.00 134.58 .00 52.00
5202050 CANON 6012 COPI 1,033.56 970.20 63.36 .00 46.20
5216150 SHARP SF 2022 .00 8,100.00 .00 8,100.00 300.00
5249350 180 0 8 90 UNITY 11,032.35 10,131.75 900.60 .00 225.15
5253950 MINOLTA 1080 303.43 6,697.37 .00 7,000.80 291.19
5269950 MITA DC 2254 2,304.45 1,963.05 341.40 .00 85.35
5283750 MINOLTA 4050 CO 10,811.22 10,797.85 13.37 .00 308.51
5289650 MINOLTA 3700 FA 1,736.50 1,736.50 .00 .00 75.50
5372450 OFFICER FURNITURE 25,556.50 24,021.11 1,533.39 .00 511.13
5387750 MITA 4685 6,603.56 6,331.52 272.04 .00 243.52
5398750 MINOLTA 4702 CO 125.32 2,316.10 .00 2,441.42 100.70
5451150 GESTETNER 5327 6,342.00 5,436.00 906.00 .00 226.50
5471603 VARIOUS EQUIPMENT 4,250.00 3,875.00 375.00 .00 125.00
5549750 MINOLTA 4050 CO 13,257.53 11,412.48 1,845.00 .00 475.52
5555950 MINOLTA 5420 CO 3,623.55 3,123.75 499.80 .00 124.95
5559950 KONICA 1112 COP 1,215.00 1,200.00 15.00 .00 50.00
5557550 VARIOUS EQUIPMENT 21,130.63 20,268.00 862.63 .00 563.00
5591350 MINOLTA 3700 FA 2,187.00 1,863.00 324.00 .00 81.00
5597650 MINOLTA 3050 4,360.44 3,737.52 622.92 .00 155.73
565150 KONICA 1290RE C 2,945.56 2,646.00 299.56 .00 98.00
5633450 MITA 660 FAX 2,436.00 2,088.00 348.00 .00 87.00
5633451 MITA 1856 COPIE 3,567.29 3,075.25 492.04 .00 123.01
5678945 MINOLTA 4050 CO 8,604.09 7,672.80 931.29 .00 255.76
<CAPTION>
LEASE# TRM PRESENT RESIDUAL SECURITY DISQUALIFICIATION
REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C>
4748350 20 1,692.58 465.52 180.00 UPGRADE
4765250 21 1,486.56 375.00 .00 DELINQUENT090+
4770850 20 2,928.54 791.80 311.44 DELINQUENT090+
4774850 20 1,147.19 257.0285 122.00 DELINQUENT090+
4781350 49 3,712.49 1.98 .00 DELINQUENT090+
4784650 21 1,990.03 1.00 .00 DELINQUENT090+
4846950 21 2,152.07 548.33 218.60 UPGRADE
4854650 21 5,882.46 1483.91 .00 LEGAL
4856151 13 7,403.21 1930.83 593.41 UPGRADE
4892150 21 15,526.03 2224.12 1,577.0 LEGAL
4892152 24 4,577.38 557.59 410.38 LEGAL
4892153 24 7,736.63 942.40 693.62 LEGAL
4902850 21 2,539.96 1.00 258.00 UPGRADE
4912950 45 7,279.54 1386.00 553.50 LEGAL
4939052 23 1,375.40 278.90 119.90 DELINQUENT090+
4963150 22 4,267.15 1040.82 .00 DELINQUENT090+
4966650 21 1,858.70 486.60 .00 DELINQUENT090+
4970050 21 5,257.12 1415.25 534.00 UPGRADE
5009450 21 2,362.75 625.05 .00 UPGRADE
5037050 20 2,161.80 567.15 .00 LEGAL
5040050 46 7,237.62 1318.80 .00 LEGAL
5043950 22 2,982.30 407.30 .00 PREPAYMENT
5067850 22 1,953.92 471.86 .00 DELINQUENT090+
5091050 22 5,333.37 1318.53 .00 UPGRADE
5099350 22 4,920.17 649.65 478.44 LEGAL
5114750 46 4,296.39 1.00 200.00 DELINQUENT090+
5143951 46 5,460.84 931.51 .00 DELINQUENT090+
5149750 46 13,155.80 2318.21 .00 DELINQUENT090+
5152050 32 15,220.84 1208.40 .00 PREPAYMENT
5170550 22 1,069.51 226.09 52.00 UPGRADE
5202050 21 909.66 202.50 .00 UPGRADE
5216150 27 7,464.10 1504.95 .00 LEGAL
5249350 45 8,868.98 1.00 .00 LEGAL
5253950 23 6,243.21 1446.31 .00 LEGAL
5269950 23 1,829.93 349.80 170.70 DELINQUENT090+
5283750 35 9,724.48 1.00 .00 UPGRADE
5289650 23 1,618.75 375.00 .00 UPGRADE
5372450 47 20,910.57 1.00 1,022.26 LEGAL
5387750 26 5,851.28 833.97 .00 UPGRADE
5398750 23 2,159.04 519.07 201.40 LEGAL
5451150 24 5,052.76 1113.93 .00 DELINQUENT090+
5471603 31 3,529.98 684.30 250.00 LEGAL
5549750 24 10,607.89 2257.22 .00 DELINQUENT090+
5555950 25 2,895.15 626.83 249.90 DELINQUENT090+
5559950 24 1,115.40 245.85 100.00 UPGRADE
5557550 36 18,210.22 3518.73 .00 LEGAL
5591350 23 1,736.67 406.35 .00 DELINQUENT090+
5597650 24 3,474.02 819.63 .00 DELINQUENT090+
565150 27 2,438.27 498.29 196.00 LEGAL
5633450 24 1,940.79 442.37 174.00 DELINQUENT090+
5633451 25 2,850.20 625.40 246.00 DELINQUENT090+
5678945 30 7,009.72 1317.90 .00 DELINQUENT090+
</TABLE>
<PAGE>
Page 8
COPELCO CAPITAL FUNDING CORP. LOAN #K500015
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
5678948 MINOLTA 4050 CO 8,568.30 7,672.80 895.50 .00 255.76
5685951 MIOTA 3055 COPI 5,204.33 4,413.75 790.58 .00 176.55
5705650 LANIER 6720 COP 9,881.32 9,135.56 745.46 .00 186.44
5720650 CANON 7000 LASE .00 344.76 .00 344.76 344.76
5728650 MINOLTA 1081 CO. .00 220.00 .00 220.00 220.00
5766250 1080 4,060.00 4,060.00 .00 .00 145.00
5799650 KONICA 2125 COP 7,831.00 7,067.00 764.00 .00 191.00
5801050 PENTIUM 133 FUL 6,956.56 6,153.88 802.00 .00 267.55
5812650 SHARP SF8260 3,638.89 3,381.00 257.89 .00 69.00
5815850 MITA 685 FAX MA 2,581.00 2,225.000 356.00 .00 89.00
5828950 CANNON 6012 COPI 2,070.60 1,785.00 285.60 .00 71.40
5840450 VARIOUS EUQIPMENT 2,813.87 2,425.75 388.12 .00 97.03
5840950 1 OKIDATA DOCIT 336.66 180.00 .00 516.66 180.00
5842350 PANASONIC 2670 4,161.76 3,612.00 549.76 .00 129.00
5894150 LANIER 6532 COP 15,754.04 15,884.82 .00 130.78 324.18
5896650 RICHOH MV 310 MU 2,656.69 2,290.25 366.44 .00 91.61
5940250 TOSHIBA TF 505 622.11 125.224 496.87 .00 125.24
5953250 MINOLTA 1080 CO 9,318.68 8,410.47 908.21 .00 227.31
6099750 COMPUTIZE CUIP 1,123.54 5,681.52 .00 6,805.06 218.52
6114350 MINOLTA EP 2050 4,158.00 3,762.00 396.00 .00 99.00
6139750 CANON NP 6012F 332.00 1,265.75 .00 1,597.75 50.63
6257051 CANON STAPLER S 4,539.05 264.65 .00 82.20
6288650 COMPUQUICK EQUI 55,273.32 4,274.40 4,094.32 .00 1,023.58
51,179.00
6411750 MINOLTA 1700 FA .94 90.00 .00 90.94 90.00
6412903 MINOLTA EP 2050 8,624.82 7,511.94 1,112.88 .00 278.22
6451450 XEROX 5065 COPI 18,012.80 17,666.40 346.40 .00 346.40
6455350 MINOLTA EP 4233 1,953.00 1,701.00 252.00 .00 63.00
6458450 VARIOUS EQUIPME 14,058.44 14,363.44 .00 305.00 512.98
6470950 AB DICK 9870 OF 41,328.00 38,376.00 2,952.00 .00 738.00
6478550 PANASONIC FP 71 2,042.83 3,159.00 .00 216.17 117.00
6490350 ENDEAVOR & MAC 27,897.09 26,466.47 1,430.62 .00 715.31
6496950 PANASONIC FP 714 11,469.15 10,843.56 625.59 .00 208.53
6504250 ALDER ROYAL TA- 3,294.39 3,326.73 .00 32.24 65.23
6540550 MINOLTA 1080 CO 5,050.02 4,095.00 955.02 .00 105.00
6553750 KONICA 4155 9,641.64 8,398.62 1,243.02 .00 311.06
6594550 MINOLTA EP 4050 2,213.12 12,801.00 .00 10,587.88 251.00
6602104 VARIOUS EQUIPME 500.07 2,052.00 .00 1,551.93 684.00
6676918 SAVIN 7430 COPI 430.84 238.00 .00 668.84 238.00
6681350 MITA 660 FAX 3,078.72 2,693.88 384.84 .00 96.21
6753750 MINOLTA E[ 5320 4,356.45 3,526.65 829.80 .00 207.45
6763450 MITA AF-1000 FA 8,850.00 8,250.00 600.00 .00 150.00
6805350 MINOLTA EP 2050 7,895.52 6,579.60 1,315.92 .00 164.49
6812650 KONICA 6190 29,452.32 27,745.00 1,707.32 .00 485.00
6815750 SAVIN 9013Z COP 2,240.00 1,960.00 280.00 .00 70.00
6857850 MINOLTA EP2050 9,311.76 7,242.48 2,069.28 .00 258.66
6878304 MINOLTA 1080 2,755.94 1,742.22 1,013.72 .00 580.74
6905550 MINOLTA EP 2130 3,234.00 2,842.00 392.00 .00 98.00
6909650 VARIOUS EQUIPME 5,643.00 5,247.00 396.00 .00 99.00
6946002 MINOLTA 2050 CO 12,137.58 12,137.58 .00 .00 319.41
6967350 MINOLTA 2050 CO 6,211.05 5,418.15 792.90 .00 132.15
6967703 MINOLTA EP4050 9,875.00 9,480.00 395.00 .00 395.00
6974550 MINOLTA 1080 CO 6,897.00 6,413.00 484.00 .00 121.00
.00
<CAPTION>
LEASE# Y TRM PRESENT VALUE RESIDUAL SECURITY DISQUALIFICIATION
T REM VALUE DEPOSIT
<S> <C>
5678948 30 7,009.72 1317.90 .00 DELINQUENT090+
5685951 25 4,090.75 888.67 .00 DELINQUENT090+
5705650 49 7,907.22 1344.52 .00 DELINQUENT090+
5720650 1 342.73 342.73 .00 PREPAYMENT
5728650 1 218.70 218.70 .00 PREPAYMENT
5766250 28 3,730.51 752.60 .00 UPGRADE
5799650 37 6,328.29 1155.24 382.00 DELINQUENT090+
5801050 23 5,736.58 624.56 .00 LEGAL
5812650 49 2,926.40 423.11 .00 DELINQUENT090+
5815850 25 2,062.18 457.19 178.00 LEGAL
5828950 25 1,654.37 313.16 154.58 DELINQUENT090+
5840450 25 2,248.23 481.94 .00 DELINQUENT090+
5840950 1 178.94 1.00 360.00 PREPAYMENT
5842350 28 3,318.87 2.00 .00 DELINQUENT090+
5894150 49 13,749.00 2392.43 471.20 UPGRADE
5896650 25 2,122.65 461.10 .00 DELINQUENT090+
5940250 1 124.50 147.00 250.48 DELINQUENT090+
5953250 37 7,531.33 1397.40 227.31 DELINQUENT090+
6099750 26 5,250.59 521.84 437.04 PREPAYMENT
6114350 38 3,359.18 606.12 .00 DELINQUENT090+
6139750 25 1,173.12 249.00 .00 PREPAYMENT
6257051 52 3,668.61 610.35 .00 LEGAL
6288650 50 44,173.18 1861.05 2,047.16 LEGAL
6411750 1 89.47 1.00 .00 PREPAYMENT
6412903 27 6,922.20 1381.89 .00 DELINQUENT090+
6451450 51 15,205.27 2547.06 .00 DELINQUENT090+
6455350 27 1,567.46 1.00 .00 DELINQUENT090+
6458450 28 13,197.78 2662.50 1,110.60 UPGRADE
6470950 52 32,937.17 3600.00 .00 LEGAL
6478550 27 2,911.00 571.66 234.00 UPGRADE
6490350 37 23,699.94 1.00 .00 LEGAL
6496950 52 9,306.76 1571.83 417.06 LEGAL
6504250 51 2,863.28 1.00 130.46 UPGRADE
6540550 39 3m646.13 497.56 .00 REBOOKING
6553750 27 7,739.27 1614.50 670.33 LEGAL
6594550 51 11,017.68 1784.36 .00 PREPAYMENT
6602104 9 1,980.65 1110.39 .00 UPGRADE
6676918 1 236.60 517.39 .00 LEGAL
6681350 28 2,475.26 494.23 192.42 DELINQUENT090+
6753750 17 3,345.20 675.00 .00 DELINQUENT090+
6763450 55 7,021.50 1136.36 .00 DELINQUENT090+
6805350 40 5,841.75 1015.37 997.96 REBOOKING
6812650 53 23,735.32 3900.00 .00 DELINQUENT090+
6815750 28 1,800.94 307.02 151.55 DELINQUENT090+
6857850 28 6,654.72 1297.63 592.12 REBOOKING
6878304 9 1,681.64 937.00 .00 UPGRADE
6905550 29 2,603.86 491.64 207.76 DELINQUENT090+
6909650 53 4,490.76 700.47 .00 DELINQUENT090+
6946002 38 10,837.93 1955.58 .00 UPGRADE
6967350 41 4,796.91 809.08 .00 REBOOKING
6967703 24 8,811.65 1962.00 .00 UPGRADE
6974550 53 5,488.70 872.60 .00 DELINQUENT090+
</TABLE>
<PAGE>
Page 9
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE DISQUALIFICAITON SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
6986150 MINOLTA EP 2130 931.00 833.00 98.00 .00 49.00
6991450 KONICA 1112 COP 1,565.00 1,500.00 65.00 .00 50.00
7014650 VARIOUS EQUIPME 21,090.00 20,387.00 703.00 .00 703.00
7072150 CANON 6030 W/RA 21,070.00 20,090.00 980.00 .00 490.00
7091103 MINOLTA 1080 CO 3,712.00 3,200.00 512.00 .00 128.00
7103450 VARIOUS EQUIPME 43,084.80 39,045.60 4,039.20 .00 1,346.40
7111250 PANASONIC 7113 2,107.71 1,852.23 255.48 .00 63.87
7112050 MINOLTA 2050 6,252.40 5,826.10 426.30 .00 142.10
7186650 KONICA 3135 12,305.33 12,398.40 .00 93.07 229.60
7214750 MINOLTA 4233 CO 2,760.00 2,520.00 240.00 .00 60.00
7242050 MINOLTA EP1080 7,590.00 6,930.00 660.00 .00 165.00
7250350 MITA DC18557/CAB 5,610.00 4,950.00 660.00 .00 165.00
7287750 CANON NP6012 CO 2,048.26 1,874.60 173.66 .00 66.95
7297700 CANON NP 9800 C 4,846.71 720.00 .00 5,566.71 720.00
7301550 COPYSTAR 168575 677.89 4,193.70 .00 4,871.59 139.79
7303150 KONICA 7310 COP 5,442.36 4,947.60 494.76 .00 164.92
7305510 MINOLTA 2050 CO 11,9087.73 10,960.53 1,027.20 .00 267.33
7352802 CANON 2120 COPI 376.46 .00 376.46 .00 .00
7356750 NUMBERING MACHI 8,117.16 7,162.20 954.96 .00 238.74
7400250 MINOLTA EP 1080 3,908.68 3,480.00 428.68 .00 116.00
775220 SHARP F05450 FA 3,312.00 2,944.00 368.00 .00 92.00
7785601 SHARP 2118 COPI 2,115.05 5,852.00 .00 7,967.05 133.00
7910701 MINOLTA 2050 CO 3,798.24 3,165.20 633.04 .00 158.26
7957303 VARIOUS EQUIPME 8,124.38 7,372.00 752.38 .00 194.00
8235202 MINOLTA COPYGUA 926.90 807.30 119.60 .00 29.90
8456050 MINOLTA 9760 CO 13,769.66 14,214.00 .00 444.34 309.00
8575006 VARIOUS EQUIPME 14,837.47 15,712.50 .00 875.03 628.50
8582501 MINOLTA EP 2121 1,700.00 1,785.00 .00 85.00 85.00
8582503 MINOLTA FAX 170 804.00 804.00 .00 .00 33.50
8610202 GESTETNER 244OD .99 350.00 .00 350.99 350.00
8650612 REMFG SAVIN 764 21,185.55 19,302.39 1,883.16 .00 470.79
8761801 VARIOUS EQUIPME 5,399.03 4,820.16 578.87 .0 150.63
8763401 MINOLTA 2152 CO 2,803.80 2,429.96 373.84 .00 93.46
9026801 TOSHIBA 6550 CO 21,120.00 22,000.00 .00 880.00 880.00
9125101 KONICA 2125 COP 10,316.40 8,940.88 1,375.52 .00 171.94
9235801 VARIOUS EUIQPME 24,520.08 22,829.04 1,691.04 .00 422.76
9257008 MINOLTA 6000 CO 10,278.24 9,724.00 554.24 .00 442.00
9257009 MINOLTA 3050 CO 9,023.06 8,400.78 622.28 .00 311.14
TOTAL 194 1,459,371.77 101,357,19 53,324.29
LEASES:
1,555,985.64 197,971.06
<CAPTION>
LEASE# TRM PRESENT VALUE RESIDUAL SECURITY DISQUALIFICIATION
REM VALUE DEPOSIT
<S> <C> <C> <C> <C> <C>
6986150 17 790.14 159.80 .00 LEGAL
6991450 30 1,370.37 249.30 .00 UPGRADE
7014650 29 18,678.72 3503.32 .00 UPGRADE
7072150 41 17,786.49 3049.49 490.00 LEGAL
7091103 25 635.82 635.76 .00 DELINQUENT090+
7103450 29 35,773.87 6709.50 .00 LEGAL
7111250 29 1,697.03 328.09 118.00 DELINQUENT090+
7112050 41 5,158.08 870.00 .00 LEGAL
7186650 54 10,581.74 1696.55 .00 UPGRADE
7214750 42 2,224.74 343.50 .00 DELINQUENT090+
7242050 42 6,118.03 1010.20 .00 DELINQUENT090+
7250350 30 4,522.22 865.38 330.00 LEGAL
7287750 28 1,722.47 293.64 .00 LEGAL
7297700 1 715.75 4864.86 1,544.40 PREPAYMENT
7301550 30 3,831.28 718.13 279.58 PREPAYMENT
7303150 30 4,520.03 7223.35 329.84 LEGAL
7305510 41 9,703.80 1650.18 .00 DELINQUENT090+
7352802 0 .00 216.13 .00 TERMED OUT
7356750 30 6,543.24 1.00 .00 DELINQUENT090+
7400250 30 3,179.26 581.94 232.00 DELINQUENT090+
775220 32 2,674.20 413.18 .00 DELINQUENT090+
7785601 44 5,137.15 987.62 287.18 PREPAYMENT
7910701 20 2,976.30 786.06 .00 DELINQUENT090+
7957303 38 6,582.63 1212.50 .00 DELINQUENT090+
8235202 27 743.92 150.00 .00 DELINQUENT090+
8456050 46 12,407.34 1907.41 1,038.00 REBOOKING
8575006 25 14,562.66 3331.27 1,789.00 UPGRADE
8582501 21 1,673.62 426.42 .00 UPGRADE
8582503 24 747.32 1.00 .00 UPGRADE
8610202 1 347.94 1.00 .00 PREPAYMENT
8650612 41 17,089.18 2791.25 .00 DELINQUENT0990+
8761801 32 4,378.42 929.84 301.26 DELINQUENT090+
8763401 26 2,245.65 464.23 .00 DELINQUENT090+
9026801 25 20,390.05 4816.52 1,760.00 UPGRADE
9125101 52 7,673.74 1043.55 .00 REBOOKING
9235801 54 19,484.05 3048.75 .00 DELINQUENT090+
9257008 22 9,090.86 2351.06 .00 UPGRADE
9257009 27 7,741.26 1620.52 .00 UPGRADE
TOTAL 1,396,050.74 34,424.52
LEASES:
233,596.17
</TABLE>
<PAGE>
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIP DESC. AND CODE ST RECEIVABLES RECEIVABLES START DATE
LESSEE'S ACTUAL PAST DUE DAYS DELIN
NAME CURRENT PREPAID
<S> <C> <C> <C> <C> <C> <C>
0010260 VARIOUS EQUIPME ZZZ TX 101,018.75 .00 01/01/97
DATASTAR COMPUTER STSTEMS, INC. 103,905.00 2,886.25 17 DAYS
0763751 VARIOUS EQUIPM ZZZ NY 66,232.00 .00 12/13/96
CATALYST FOR WOMEN INC 68,180.00 1,948.00 29 DAYS
1274503 VARIOUS EQUIPME ZZZ MA 105,450.00 .00 11/26/96
AGAR SUPPLY CO., INC. 105,450.00 .00 12 DAYS
2526952 OMAX SUPERMAC 500 NY 57,704.04 .00 01/27/97
BENTEX KIDDIE CORP. 57,704.04 .00 13 DAYS
4144953 VARIOUS EQUIPME ZZZ MA 113,050.00 .00 01/07/97
FENWAY COMMUNITY HEALTH CENTER INC 116,280.00 3,230.00 23 DAYS
5577851 COMPUTER SYSTEM 500 WA 62,123.37 .00 12/03/96
63,802.38 1,679.01 19 DAYS
5931001 VARIOUS EQUIPME ZZZ MA 64,600.00 .00 12/19/96
NATIONAL LEISURE GROUP 66,500.00 1,900.00 35 DAYS
6243351 VARIOUS EQUIPME ZZZ CA 85,724.58 .00 12/06/96
IDG BOOKS WORLDWIDE INC
7072905 VARIOUS EQUIPME ZZZ OR 103,140.36 .00 12/06/96
NORM THOMPSON OUTFITTERS, INC 105,503.96 2,363.60 22 DAYS
7792251 VARIOUS EQUIPME ZZZ CT 56,000.00 .00 12/05/96
OLIN CORPORATION 56,000.00 .00 9 DAYS
8257250 RICOH NC 100 CA 64,195.20 .00 01/20/97
KAUFMAN APEL & HAINES CO. INC. DBA 64,195.20 .00 6 DAYS
8314250 CANON NP-6050 C 100 OH 40,032.00 .00 11/18/96
SMV AMERICA 41,144.00 1,112.00 34 DAYS
8402251 POWERMAC SYSTEM 500 CT 99,505.70 .00 01/22/97
C&M MARKETING COMPANY 102,348.72 2,843.02 38 DAYS
8514050 SAVIN SC106 DIG 100 PA 50,135.00 .00 11/20/96
PRESENTATION CONCEPTS INC. 50,135.00 .00 6 DAYS
8543451 RICOH 8980 100 VA 39,247.20 .00 11/13/96
HUNTSMAN CORPORAITON 40,337.40 1,090.20 29 DAYS
8731850 MINOLTA EP 8010 100 NY 57,206.51 .00 01/01/97
59,580.00 2,373.49 17 DAYS
8797250 VARIOUS EUQIPMENT ZZZ IN 197,550.40 .00 12/10/96
LAWYERS TITLE INSURANCE COPRO. 202,889.60 5,339.20 26 DAYS
<CAPTION>
LEASE# YIELD TERM PAYMENT ORIGINAL COST RESIDUAL VAL.
LESSEE'S NET DANKA? PRESENT VALUE SECURITY DEP.
NAME REM
<S> <C> <C> <C> <C> <C>
0010260 11.19% 37 2,886.25 94,631.26 9,453.13
36 93,309.54 5,772.50
0763751 10.37% 37 1,948.00 67,404.84 10,110.73
35 NO 61,402.53 3,896.00
1274503 10.58% 40 2,850.00 104,779.41 15,716.91
37 NO 94,427.35 5,700.00
2526952 11.39% 37 1,602.89 52,382.00 5,238.20
36 NO 51,819.81 3,205.78
4144953 12.81% 37 3,230.00 106,953.60 15,043.04
36 NO 104,422.63 .00
5577851 11.14% 40 1,679.01 61,055.02 9,158.25
38 NO 56,970.62 .00
5931001 12.62% 37 1,900.00 63,122.95 9,458.44
35 NO 59,889.53 .00
6243351 12.45% 40 2,255.91 79,996.81 11,999.52
76,545.46 .00
7072905 11.33% 40 2,776.42 100,594.93 15,089.23
38 NO 94,206.92 .00
7792251 13.13% 37 1,600.00 50,793.65 5,079.37
35 NO 50,433.29 .00
8257250 12.17% 37
8314250 11.70% 40 1,112.00 40,000.00 5,000.00
37 NO 36,843.23 1,112.00
8402251 11.77% 37 2,843.02 92,305.90 9,230.59
36 NO 91,911.96 5,686.04
8514050 11.7% 40 1,355.00 48,741.00 7,311.15
37 NO 44,894.40 .00
8543451 11.14% 40 1,090.20 39,643.64 5,946.55
37 NO 36,120.94 .00
8731850 15.23% 37 1,655.00 52,525.40 7,878.81
36 NO 53,504.47 .00
8797250 12.82% 40 5,339.20 188,000.00 28,200.00
38 NO 188,164.81 .00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Principal
Month Cash Flow Interest Service Fees Reduction Principal Balance
<S> <C> <C> <C> <C> <C> <C>
202,458,291.15
7 Feb-97 6,746,062.67 1,074,597.99 126,536.43 5,544,928.24 196,913,362.91
8 Mar-97 6,714,735.84 1,045,166.90 123,070.85 5,546,498.09 191,366,864.82
9 Apr-97 6,725,801.99 1,015,727.48 119,604.29 5,590,470.22 185,776,394.60
10 May-97 6,715,539.98 986,054.66 116,110.25 5,613,375.07 180,163,019.52
11 Jun-97 6,741,065.65 956,260.27 112,601.89 5,672,203.50 174,490,816.03
12 Jul-97 6,713,645.55 926,153.63 109,056.76 5,678,435.16 168,812,380.87
13 Aug-97 6,688,225.46 896,013.91 105,507.74 5,686,703.81 163,125,677.06
14 Sep-97 6,677,193.80 865,830.31 101,953.55 5,709,409.94 157,416,267.12
15 Oct-97 6,691,075.12 835,526.19 98,385.17 5,757,163.76 151,659,103.36
16 Nov-97 6,669,316.70 804,968.61 94,786.94 5,769,561.15 145,889,542.20
17 Dec-97 6,654,395.52 774,345.22 91,180.96 5,788,869.34 140,100,672.86
18 Jan-98 6,661,961.11 743,619.35 87,562.92 5,830,778.84 134,269,894.02
19 Feb-98 6,631,082.77 712,671.03 83,918.68 5,834,493.06 128,435,400.97
20 Mar-98 6,595,943.96 681,703.00 80,272.13 5,833,968.83 122,601,432.13
21 Apr-98 6,613,679.08 650,737.75 76,625.90 5,886,315.43 116,715,116.70
22 May-98 6,593,200.96 619,494.66 72,946.95 5,900,759.35 110,814,357.35
23 Jun-98 6,609,555.64 588,174.91 69,258.97 5,952,121.76 104,862,235.58
24 Jul-98 6,555,122.24 556,582.53 65,538.90 5,933,000.81 98,929,234.77
25 Aug-98 6,496,879.17 525,091.65 61,830.77 5,909,956.75 93,019,278.02
26 Sep-98 6,373,453.40 493,723.07 58,137.05 5,821,593.28 87,197,684.74
27 Oct-98 6,123,187.17 462,823.51 54,498.55 5,605,865.11 81,591,819.64
28 Nov-98 5,889,846.54 433,068.98 50,994.89 5,405,782.67 76,186,036.96
29 Dec-98 5,619,279.87 404,376.44 47,616.27 5,167,287.16 71,018,749.80
30 Jan-99 5,268,680.58 2,376,949.77 44,386.72 4,847,344.09 66,171,405.71
31 Feb-99 4,983,585.89 351,221.28 41,357.13 4,591,007.48 61,580,398.23
32 Mar-99 4,615,624.05 326,853.36 38,487.75 4,250,282.94 57,330,115.29
33 Apr-99 4,481,062.67 304,293.92 35,831.32 4,140,937.43 53,189,177.86
34 May-99 4,203,376.96 282,314.86 33,234.23 3,887,818.87 49,301,358.99
35 Jun-99 3,922,402.13 261,679.29 30,813.35 3,629,909.49 45,671,449.50
36 Jul-99 3,558,507.46 242,412.64 28,544.66 3,287,550.17 42,383,899.33
37 Aug-99 3,301,158.42 224,963.14 26,489.94 3,049,705.34 39,334,193.99
38 Sep-99 3,117,500.57 208,776.07 24,583.87 2,884,140.63 36,450,053.36
39 Oct-99 2,993,442.77 193,467.77 22,781.28 2,777,193.72 33,672,859.65
40 Nov-99 2,864,106.32 178,727.12 21,045.54 2,664,333.66 31,008,525.98
41 Dec-99 2,740,103.92 164,585.50 19,380.33 2,556,138.09 28,452,387.90
42 Jan-2000 2,640,038.99 151,018.16 17,782.74 2,471,238.09 25,981,149.81
43 Feb-2000 2,545,602.48 137,901.45 16,238.22 2,391,462.81 23,589,687.00
44 Mar-2000 2,416,453.02 125,208.16 14,743.55 2,276,501.30 21,313,185.69
45 Apr-2000 2,339,175.25 113,125.06 13,320.74 2,212,729.45 19,100,456.24
46 May-2000 2,247,336.25 101,380.45 11,937.79 2,134,018.02 16,966,438.23
47 Jun-2000 2,144,404.46 90,053.61 10,604.02 2,043,746.82 14,922,691.40
48 Jul-2000 2,045,074.70 79,205.92 9,326.68 1,956,542.10 12,966,149.30
49 Aug-2000 1,926,598.69 68,821.08 8,103.84 1,849,673.77 11,116,475.53
50 Sep-2000 1,853,968.02 59,003.47 6,947.80 1,788,016.75 9,328,458.78
51 Oct-2000 1,764,856.49 49,513.13 5,830.29 1,709,524.08 7,618,934.71
52 Nov-2000 1,614,048.56 40,439.40 4,761.83 1,568,847.33 6,050,087.38
53 Dec-2000 1,417,511.93 32,112.35 3,781.30 1,381,618.27 4,668,469.11
54 Jan-2001 1,232,238.44 24,779.07 2,917.79 1,204,541.58 3,463,927.53
55 Feb-2001 1,035,610.44 18,385.66 2,164.95 1,015,059.82 2,448,867.70
56 Mar-2001 824,177.77 12,997.98 1,530.54 809,649.25 1,639,218.45
57 Apr-2001 760,847.59 8,700.56 1,024.51 751,122.52 888,095.94
58 May-2001 587,114.29 4,713.79 555.06 581,845.44 306,250.50
59 Jun-2001 404,906.39 1,625.50 191.41 403,089.48 (96,838.98)
226,349,776.69 21,287,941.55 2,506,705.00 202,555,130.13
</TABLE>
<PAGE>
DELINQUENCY
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
<S> <C> <C> <C> <C> <C> <C>
0265103 44 4,276.97 178.00 178.00
0302151 51 1,072.02 50.00 50.00
0429951 41 4,241.38 125.00 125.00
0535652 32 11,62.95 400.00 400.00
0615501 42 3,864.28 196.26 196.26
0619701 79 3,945.48 132.00 132.00 264.00
0775101 59 5,219.63 253.78 253.78
0805101 50 5,013.05 224.72 224.72
0882051 33 7,916.10 209.12 209.12
0963952 78 10,426.10 419.05 419.05 838.10
1018205 31 4,240.18 105.60 105.60
1073801 59 9,175.52 396.00 396.00
1076701 68 2,570.99 107.00 107.00 214.00
1090351 42 8,888.31 414.56 414.56
1164853 38 424.12 10.00 10.00
1166052 32 12,422.80 604.00 604.00
1203204 71 2,989.00 129.00 129.00 258.00
1212802 86 11,677.93 504.00 504.00 1,008.00
1220401 82 2,119.40 310.00 310.00 620.00
1228302 62 5,270.17 155.32 155.32 310.64
1238751 76 1,914.12 101.78 101.78 203.56
1292252 37 841.83 24.81 24.81
1664751 55 4,702.89 177.00 1770.00
1713550 30 3,386.14 198.90 198.90
1809953 33 7,622.86 317.25 317.25
2078751 50 26,898.63 669.90 669.90
2280351 32 18,089.36 434.18 434.18
2314251 48 2,168.53 93.59 93.59
2561551 32 5,347.56 260.00 260.00
2561552 32 1,275.19 62.00 62.00
2632051 52 10,079.17 435.00 435.00
3260815 40 2,044.00 99.38 99.38
3356601 65 3,677.25 216.00 216.00 432.00
3398961 37 4,348.94 154.00 154.00
3406651 48 6,591.78 284.49 284.49
3420056 31 2,531.89 189.00 189.00
3420068 47 1,374.68 85.25 85.25
3544054 35 8,893.24 245.00 245.00
3764451 52 2,582.31 137.31 137.31
3784750 59 14,701.07 405.00 405.00
3881202 48 5,498.55 221.00 221.00
3922451 51 50,444.87 1,256.31 1,256.31
3928450 40 3,934.58 244.00 244.00
4199650 42 3,714.76 207.32 207.32
4210250 66 1,775.45 64.78 64.78 129.56
4255201 37 8,100.27 198.00 198.00
4268550 61 1,829.38 64.78 64.78 129.56
4308650 33 5,326.90 194.36 194.36
3433850 46 227,875.59 6,019.80 6,019.80
4343851 30 7,177.18 189.60 189.60
4383550 39 2,640.04 147.34 147.34
4395950 53 3,930.54 209.00 209.00
4406750 42 1,950.37 108.85 108.85
4413750 82 2,134.21 119.11 119.11 238.22
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
PAYMENT PAYMENT PAYMENT PAYMENT
AMOUNT AMOUNT AMOUNT AMOUNT
<S> <C> <C> <C> <C> <C> <C>
504850 48 6,132.34 210.97 210.97
508250 36 1,339.37 74.75 75.75
508651 30 7,712.83 375.00 375.00
526450 48 1,241.22 66.00 66.00
565650 59 1,019.31 54.20 54.20
566450 59 3,412.36 165.91 165.91
568650 35 2,082.25 110.72 110.72
586550 55 1,579.74 84.00 84.00
594650 48 2,749.12 146.18 146.18
596051 46 8,409.74 362.95 362.95
632950 38 5,599.998 297.77 297.77
535350 80 5,013.76 254.64 254.64 509.28
652850 46 791.21 101.56 101.56
652950 49 4,325.48 230.00 230.00
666950 47 2,823.78 150.15 150.15
669550 34 2,200.35 117.00 117.00
679950 75 7,397.25 199.50 199.50 399.00
687050 81 2,264.30 115.00 115.00 230.00
708250 34 2,350.80 125.00 125.00
715550 62 2,426.59 129.03 129.03 258.06
726250 33 1,410.48 75.00 75.00
4735550 36 1,358.58 69.00 69.00
4736250 65 16,655.61 573.00 573.00 1,146.00
4738350 50 5,157.10 261.92 261.92
4738550 32 782.91 41.63 41.63
4741950 65 932.61 49.59 49.59 99.18
4754350 36 7,955.78 404.06 404.06
4756850 33 1,636.16 87.00 87.00
4758750 50 4,503.99 228.75 228.75
4763702 32 8,929.18 269.50 269.50
4767550 72 1,569.46 79.79 79.79 159.42
4787250 61 2,587.42 120.68 120.68 241.36
4793250 40 9,780.02 327.20 327.20
4793951 47 2,911.84 125.67 125.67
4799350 58 2,126.48 108.00 108.00
4802051 76 5,919.46 276.09 276.09 552.18
4802052 33 8,953.32 386.41 386.41
4806950 58 8,920.97 315.90 315.90
4807250 58 2,317.51 60.00 60.00
4810250 78 1,576.78 88.00 88.00 176.00
4818350 79 6,325.93 211.64 211.64 423.28
4829050 56 13,196.59 454.00 454.00
4829053 31 1,529.88 77.70 77.70
4833450 56 6,497.62 164.95 164.95
4838050 56 8,781.56 446.00 446.00
4841203 52 45,522.81 2,420.60 2,420.60
4842850 55 1,486.76 75.51 75.51
4848750 69 1,830.51 89.00 89.00 178.00
4851050 35 2,883.93 146.47 146.47
4854050 84 8,133.07 288.00 288.00 576.00
4857050 40 3,092.05 157.04 157.04
4875250 49 1,726.94 96.38 96.38
4883250 37 1,890.20 96.00 96.00
4899350 59 8,321.82 271.00
4917150 54 1,726.59 43.00 43.00
4926152 51 2,270.94 98.01 98.01
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
PAYMENT PAYMENT PAYMENT PAYMENT
AMOUNT AMOUNT AMOUNT AMOUNT
<S> <C> <C> <C> <C> <C> <C>
4927550 35 1,274.90 64.75 64.75
4934550 70 11,951.58 607.00 607.00 1,214.00
4950850 67 2,092.22 106.26 106.26 212.52
4961350 53 793.86 82.00 82.00
4962850 75 3,377.86 110.00 110.00 220.00
4964850 40 1,927.39 93.71 93.71
4970950 35 2,365.18 132.00 132.00
4962150 34 56,802.47 1,442.00 1,442.00
4991150 30 15,308.66 777.50 777.50
4994050 34 5,315.60 269.97 269.97
4995350 63 1,378.27 70.00 70.00 140.00
4999452 59 1,909.90 92.886 92.86
5015750 51 1,197.61 39.00 39.00
5035950 44 1,799.66 87.50 87.50
5049351 38 3,680.82 165.00 165.00
5051550 75 1,595.01 77.55 77.55 155.10
5060750 53 9,837.54 245.00 245.00
4072450 57 6,790.35 293.06 293.06
5075350 57 7,749.57 193.00 193.00
5077150 87 8,700.08 423.00 423.00 846.00
5077450 57 2,393.45 116.37 116.37
5081150 32 4,368.19 142.25 142.25
5086751 52 9,118.50 215.00 215.00
5089250 84 3,167.28 78.88 78.88 157.76
5090150 84 6,088.03 151.62 151.62 303.24
5094250 53 7,789.72 194.00 194.00
5095850 53 653.49 67.50 67.50
5101550 45 4,476.89 145.79 145.79
5109250 62 12,403.51 403.92 403.92 807.84
5114850 62 2,714.92 132.00 132.00 264.00
5114951 51 2,774.36 134.89 134.89
5114952 51 2,774.36 134.89 134.89
5119850 47 13,664.98 445.00 445.00
5123750 80 2,426.56 117.98 117.98 235.96
5126051 52 2,114.76 169.51 169.51
5142351 31 2,864.64 133.61 133.61
5178550 55 4,896.17 119.68 119.68
5191450 54 1,122.40 52.35 52.35
5192350 39 1,952.68 94.94 94.94
5193050 39 3,131.95 78.00 78.00
5199250 47 5,083.68 161.28 161.28
5208150 54 2,275.41 102.00 102.00
5223650 33 1,171.93 s54.66 54.66
5226850 73 2,691.46 120.65 120.65 241.30
5235750 89 4,652.55 217.00 217.00 434.00
5235950 32 11,026.68 536.12 536.12
5270650 38 8,098.01 256.91 256.91
5277450 33 4,888.40 228.00 228.00
5278250 34 2,913.74 135.90 135.90
5290850 33 2,805.35 89.00 89.00
5300105 37 1,379.69 77.00 77.00
5312850 33 1,269.58 64,48 64.48
5329450 53 2,208.36 103.00 103.00
5333450 47 2,958.77 138.00 138.00
5346850 63 1,972.51 92.00 92.00 184.00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
PAYMENT PAYMENT PAYMENT PAYMENT
AMOUNT AMOUNT AMOUNT AMOUNT
<S> <C> <C> <C> <C> <C> <C>
5349450 79 5,961.53 189.13 189.13 378.26
5352850 35 15,673.54 731.03 731.03
5363850 47 2,619.70 133.05 133.05
5371750 46 4,606.17 150.00 150.00
5372150 46 6,972.40 339.00 339.00
5374050 71 5,034.59 120.84 120.84 241.68
5378450 38 4,652.55 217.00 217.00
5387150 38 3,524.66 158.00 158.00
5398350 68 3,641.03 89.00 89.00 178.00
5416850 39 92,416.89 4,310.42 4,310.42
5418950 89 4,109.06 177.34 177.34 354.68
5422650 69 1,779.55 83.00 83.00 166.00
5448650 33 3,534.01 164.83 164.83
5455650 81 3,290.43 147.50 147.50 295.00
5460250 71 1,366.14 61.24 61.24 122.48
5467250 32 1,444.44 67.37 67.37
5431450 31 1,072.02 50.00 50.00
5490550 37 3,468.58 107.29 107.29
5497650 58 6,110.86 199.00 199.00
5511750 79 1,548.62 69.42 69.42 138.84
5513750 35 1,896.18 85.00 85.00
5514750 33 3,430.46 160.00 160.00
5521750 66 2,106.77 87.68 87.68 175.36
5523850 68 3,464.37 107.16 107.16 214.32
5529450 85 4,813.17 215.76 215.76 431.52
5545750 30 6,369.36 256.00 256.00
5557950 81 1,182.69 102.40 102.40 204.80
5554550 59 3,220.70 139.00 139.00
5565050 64 7,993.82 345.00 345.00 690.00
5570350 80 23,727.23 569.50 569.50 1,139.00
5577250 49 10,205.42 244.95 244.95
5584850 71 1,239.86 58.00 58.00 116.00
5585004 53 5,491.54 267.00 267.00
5587550 35 7,527.12 187.46 187.46
5618150 68 4,138.13 185.50 185.50 371.00
5627050 41 5,927.02 142.26 142.26
5633550 54 7,252.37 313.00 313.00
5647750 67 2,414.84 108.25 108.25 216.50
5653550 36 5,325.23 164.72 164.72
5664350 54 5,259.70 227.00 227.00
5670050 31 1,830.51 89.00 89.00
5692950 31 22,509.13 1,094.40 1,094.40
5705350 30 6,118.63 274.28 274.28
5706450 48 5,771.77 249.10 249.10
5720350 89 1,316.66 124.00 124.00 248.00
5729101 30 5,768.01 143.65 143.65
5732950 76 6,482.62 152.85 152.85 305.70
5734302 54 1,450.87 67.67 67.67
5734450 54 3,498.75 151.00 151.00
5737850 56 2,803.63 121.00 121.00
5739850 59 5,188.53 156.60 156.60
5740950 34 2,086.04 90.03 90.03
5770750 45 34,201.16 806.41 806.41
5777850 55 4,229.02 127.64 127.64
5808750 33 2,012.13 60.73 60.73
5810350 52 1,275.07 55.03 55.03
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
PAYMENT PAYMENT PAYMENT PAYMENT
AMOUNT AMOUNT AMOUNT AMOUNT
<S> <C> <C> <C> <C> <C> <C>
812050 76 113.29 113.96 .00 113.96
812551 47 3,475.58 150.00 150.00
820851 41 1,747.79 72.74 72.74
830250 41 15,480.24 365.00 365.00
845850 47 1,158.53 50.00 50.00
850350 46 1,621.70 69.99 69.99
857450 45 3,802.05 164.09 164.09
861750 44 2,085.35 90.00 90.00
865350 33 6,788.96 293.00 293.00
878050 38 28,839.91 680.00 680.00
936583 76 4,177.14 162.36 162.36 324.72
004551 89 5,186.05 208.44 208.44 416.88
111050 45 7,396.97 218.00 218.00
158650 85 1,633.90 68.00 68.00 136.00
202450 41 7,909.90 180.20 180.20
224150 35 1,874.18 78.00 78.00
272850 32 9,005.67 374.80 374.80
312452 80 12,405.83 273.49 273.49 546.98
312453 46 19,517.10 430.26 430.26
312454 66 5,044.62 111.21 111.21 222.42
312455 33 3,582.63 78.98 78.98
357101 38 4,439.29 125.00 125.00
377150 56 20,555.00 476.30 476.30
380750 57 9,461.63 212.00 212.00
381350 80 1,282.01 49.83 49.83 99.66
416951 78 5,030.05 202.17 202.17 404.34
417150 44 5,199.99 209.00 209.00
430950 71 6,692.81 269.00 269.00 538.00
431550 59 15,375.14 344.50 344.50
434450 48 6,729.33 148.35 148.35
436850 48 19,267.76 438.95 438.95
438250 48 1,791.38 72.00 72.00
457150 69 13,485.13 542.00 542.00 1,084.00
483350 41 3,125.25 90.00 90.00
499950 41 35,467.26 808.00 808.00
511750 38 2,687.07 108.00 108.00
524350 66 1,244.02 50.00 50.00 100.00
541609 64 193.52 194.67 194.67
551050 47 9,411.30 265.00 265.00
568550 84 8,800.21 197.18 197.18 394.36
568551 89 3,767.89 141.81 141.81 283.62
572450 31 3,967.66 159.47 159.47
572650 59 1,793.99 69.73 69.73
604450 52 6,385.61 248.20 248.20
616950 30 3,396.05 132.00 132.00
647850 84 20,358.59 573.25 573.25 1,146.50
648250 54 5,861.30 131.33 131.33
653751 54 1,027.42 67.50 67.50
659550 54 38,737.78 867.97 867.97
654750 55 2,077.51 83.50 83.50
666150 30 8,211.98 184.00 184.00
663450 62 23,308.24 905.96 905.96 1,811.92
6691050 51 9,149.22 205.00 205.00
6692750 51 36,886.96 826.50 826.50
6694450 51 2,688.54 104.50 104.50
6712150 77 6,684.42 197.00 197.00 394.00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
PAYMENT PAYMENT PAYMENT PAYMENT
AMOUNT AMOUNT AMOUNT AMOUNT
<S> <C> <C> <C> <C> <C> <C>
3855 59 1,453.37 50.00 50.00
3855 59 3,139.28 108.00 108.00
5950 59 1,906.40 71.75 71.75
2350 46 6,606.09 256.77 256.77
2351 46 6,872.07 258.64 258.64
2352 66 18,000.36 656.77 656.77 1,313.54
7101 43 7,322.32 175.75 175.75
8950 60 3,807.18 147.98 147.98 295.96
6650 51 8,451.72 275.23 275.23
7250 50 2,209.03 83.14 83.14
2450 70 2,422.52 94.16 94.16 188.32
2650 34 5,029.70 189.30 189.30
3850 36 4,268.44 95.64 95.64
6850 30 12,836.57 287.62 287.62
7450 38 6,426.77 144.00 144.00
3350 39 6,468.88 260.00 260.00
7850 55 2,364.73 89.00 89.00
1050 57 11,823.66 445.00 445.00
4450 67 6,055.19 214.42 214.42 428.84
8950 62 4,015.84 89.98 89.98 179.96
1650 36 2,886.64 112.20 112.20
4850 31 3,300.09 128.27 128.27
7650 89 1,697.032 63.87 63.87 127.74
0150 49 2,444.44 92.00 92.00
01501 49 1,785.51 67.20 67.20
0153 49 1,301.93 49.00 49.00
0154 49 1,301.93 49.00 49.00
0155 49 1,684.54 49.00 49.00
2150 80 4,038.64 152.00 152.00 304.00
6650 69 3,110.04 125.00 125.00 250.00
9750 40 3,120.65 117.45 117.45
1150 85 2,688.89 101.20 101.20 202.40
7950 59 3,680.81 134.30 134.30
6150 84 1,897.10 71.40 71.40 142.80
6750 36 4,765.11 279.90 279.90
0550 54 7,985.77 220.00 220.00
3350 42 3,775.09 104.00 104.00
3450 32 4,888.55 303.16 303.16
8050 80 5,307.26 117.00 117.00 234.00
2650 80 4,984.27 187.59 187.59 375.18
6050 36 1,624.49 61.14 61.14
8150 78 3,402.09 75.00 75.00 150.00
5850 76 1,584.90 59.65 59.65 119.30
8250 43 1,567.63 59.00 59.00
50550 37 4,058.66 109.46 109.46
53450 78 3,974.07 145.00 145.00 290.00
66250 40 2,949.27 111.00 111.00
73103 33 14,563.02 369.70 369.70
77150 41 7,030.98 155.00 155.00
78650 40 1,089.59 67.57 67.57
78950 40 3,826.08 144.00 144.00
82351 39 4,960.35 170.65 170.65
86050 40 7,116.77 196.06 196.06
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE # AND NAME DAYS DEL. PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
PAYMENT PAYMENT PAYMENT PAYMENT
AMOUNT AMOUNT AMOUNT AMOUNT
<S> <C> <C> <C> <C> <C> <C>
7089250 70 2,529.73 95.21 95.21 190.42
7091750 42 5,685.29 195.59 195.59
7093650 69 17,509.64 659.00 659.00 1,318.00
7107850 64 1,233.59 76.50 76.50 153.00
7140050 34 7,963.48 749.98 749.98
7141050 34 5,880.43 162.00 162.00
7155801 33 23,196.24 567.00 567.00
7182550 58 4,924.28 191.40 191.40
7187450 89 3,941.73 143.82 143.82 287.64
7197115 33 1,999.65 111.60 111.60
7206950 57 1,097/73 64,48 64.48
7217850 58 1,953.29 55.00 55.00
7228300 48 735.64 740.00 740.00
7283901 34 4,122.56 118.72 118.72
7289750 80 1,021.46 60.00 60.00 120.00
7315150 48 4,026.22 87.36 87.36
7315750 48 4,004.10 86,88 86.88
7326450 78 3,167.20 115.56 115.56 231.12
7331150 31 2,960.00 108.00 108.00
7334550 59 3,817.30 139.28 139.28
7354350 72 2,109.48 123.91 123.91 247.82
7373250 89 2,543.28 90.06 90.06 180.12
7403550 36 2,349.64 85.73 85.73
7405350 31 1,999.05 66.88 66.88
7533950 81 1,694.39 60.00 60.00 120.00
7554350 47 9,476.44 335.57 335.57
7580701 74 2,341.00 104.94 104.94 209.88
7616250 47 1,411.99 50.00 50.00
7737501 35 3,291.12 175.00 175.00
7850901 64 5,032.38 141.70 141.70 283.40
8027850 34 2,786.11 95.85 95.85
8198150 30 1,435.90 46.76 46.76
8378955 30 21,547.62 721.80 721.80
8378958 33 1,797.89 60.15 60.15
8378965 31 2,957.16 96.30 96.30
8378976 36 1.595.33 48.15 48.15
8378977 36 1,595.33 48.15 48.15
8378978 36 1,992.91 60.15 60.15
8378979 36 1,595.33 48.15 48.15
8378986 36 2,197.38 64.76 64.76
8516601 37 2,756.54 140.00 140.00
8623301 82 5,185.06 263.34 263.34 526.68
8672701 46 8,870.88 288.88 288.88
8672702 50 1,244.02 50.00 50.00
8718902 45 4,444.81 128.00 128.00
8843205 89 6,483.08 244.00 244.00 488.00
8949401 87 2,106.20 106.97 106.97 213.94
9009402 54 4,814.68 187.14 187.14
9185902 48 5,858.69 220.50 220.50
9205201 34 3,814.93 89.95 89.95
TOTAL PAYMENTS DUE
PAYMENTS OVER 30 DAYS
TOTAL PAYMENTS: 108,160.25 88,885.02 19,275.23 .00 108,160.25
TOTAL # LEASES 386
TOTAL PRESENT VALUE: 2,503,264.56
</TABLE>
<PAGE>
CASH
SUMMARY
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
0121152 29,740.08 PREPAYMENTS
0135009 5,076.30 PREPAYMENTS
0135010 10651.06 PREPAYMENTS
0270051 77.79 PREPAYMENTS
1056301 2,972.63 UPGRADE
1102702 10,080.44 UPGRADE
1340251 7,045.51 UPGRADE
1465857 784.24 UPGRADE
1840151 3,003.58 UPGRADE
2432504 6.60 PREPAYMENTS
2627651 1,668.14 UPGRADE
2762452 40.95 PREPAYMENTS
2774555 2.71 PREPAYMENTS
3033551 1.02 PREPAYMENTS
3341051 2,571.14 PREPAYMENTS
3427212 1.02 PREPAYMENTS
3688701 2,246.82 PREPAYMENTS
3767450 1,576.73 PREPAYMENTS
4115257 1,406.64 UPGRADE
4355350 4,496.33 UPGRADE
4506450 5,709.71 UPGRADE
4510902 804.78 UPGRADE
4513950 2,797.88 UPGRADE
4553550 2,078.82 UPGRADE
4748350 476.24 UPGRADE
4846950 595.39 UPGRADE
4856151 2,862.83 UPGRADE
4902850 25.13 UPGRADE
4970050 1,934.00 UPGRADE
5009450 710.66 UPGRADE
5043950 1,133.15 PREPAYMENTS
5091050 1,408.13 UPGRADE
5152050 779.20 PREPAYMENTS
5170550 345.07 UPGRADE
5202050 340.33 UPGRADE
5283750 847.85 UPGRADE
5289650 541.08 UPGRADE
5387750 1,000.48 UPGRADE
5559950 320.77 UPGRADE
5720650 .02 PREPAYMENTS
5728650 3.76 PREPAYMENTS
5756250 1,041.53 UPGRADE
5840950 336.68 PREPAYMENTS
5894150 3,220.65 UPGRADE
6099750 2,413.90 PREPAYMENTS
<PAGE>
COPELCO CAPITAL FUNDING CORP.
FOR THE MONTH ENDED 01/30/97 AS OF THE DETERMINATION DATE OF 02/17/97
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
6139750 549.10 PREPAYMENTS
6411750 .96 PREPAYMENTS
6458450 2,651.46 UPGRADE
6478550 705.54 UPGRADE
6504250 247.43 UPGRADE
6540550 497.56 REBOOKED
6594550 964.10 PREPAYMENTS
6602104 1,883.50 UPGRADE
6805350 1,015.37 REBOOKED
6857850 1,297.63 REBOOKED
6878304 1,217.37 UPGRADE
6946002 2,564.21 UPGRADE
6957350 809.08 REBOOKED
6967703 2,287.72 UPGRADE
6991450 288.41 UPGRADE
7014650 5,849.48 UPGRADE
7136650 2,264.18 UPGRADE
7297700 4,904.80 PREPAYMENTS
7301550 1,633.81 PREPAYMENTS
7352802 .00 TERMED OUT
7785601 3,512.70 PREPAYMENTS
8456050 1,907.41 REBOOKED
8575006 4,224.39 UPGRADE
8582501 630.04 UPGRADE
8532503 95.58 UPGRADE
8610202 7.58 PREPAYMENTS
9026801 5,073.58 UPGRADE
9125101 1,043.55 REBOOKED
9257008 3,794.91 UPGRADE
9257009 3,204.23 UPGRADE
PREPAYMENTS 68,150.08
UPGRADE 95,500.92
REBOOKED 6,570.60
GRAND TOTAL 170,221.60
<PAGE>
COPELCO CAPITAL FUNDING CORP LOAN #50030
FOR THE MONTH ENDING 1/30/97 AS OF THE DETERMINTATION DATE OF 02/17/97
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE # EQUIP ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
SUMMARY OF DISQUALIFIED LEASES BY TYPE OF DISQUALIFICATION
<S> <C> <C> <C> <C> <C> <C>
PREPAYMENTS 25 4,394.10 1,240.27 8,778.98
175,400.76 172,246.93
LEGAL 47 643,457.59 36,993.25 19,148.31
624,675.40 18,211.06
DELINQ 90+ 72 372,759.55 42,999.20 10,845.50
329,760.35 0.00
TERMED OUT 1 376.46 376.46 0.00
0.00 0.00
NO PAY 0 0.00 0.00 0.00
MONITOR
0.00 0.00
UPGRADE 43 356,377.34 11,532.05 12,855.26
351,914.02 7,068.73
REBOOKING 6 52,554.41 6,508.64 1,141.24
46,490.11 444.34
TOTAL LEASES 194 1,429,919.45 99,649.87 52,769.29
1,528,240.64 197,971.06
<CAPTION>
LEASE # TRM REM PRESENT RESIDUAL SECURITY DISQUALIF
VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C>
SUMMARY OF DISQUALIFIED LEASES BY TYPE OF DISQUALIFICATION
PREPAYMENTS 154,703.02 7,263.02
25,052.92
LEGAL 560,421.83 10,520.49
80,029.80
DELINQ 90+ 297,236.60 6,581.66
54,156.31
TERMED OUT 0.00 0.00
266.13
NO PAY 0.00 0.00
MONITOR
0.00
UPGRADE 318,906.38 7,431.27
63,621.41
REBOOKING 41,029.59 2,628.08
6,570.60
TOTAL LEASES 1,372,315.42 34,424.52
229,697.17
</TABLE>
- ------SUMMERY------
AVERAGE TER, REMAINING: 36 MONTHS
TOTAL MONTHLY PAYMENT: 52,769.29
TOTAL RESIDUAL VALUE: 229,697.17
TOTAL SECURITY DEPOSITS: 34,424.52
TOTAL PRESENT VALUE: 1,372,315.42
<PAGE>
LEASE REPLACEMENT
REPORT
<PAGE>
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
Lease # Equip Desc. and State Receivables Receivables Start Date Yield Term
Code Actual Past Due Days Delin Net
Lessee's Name Current Prepaid Rem
<S> <C> <C> <C> <C> <C> <C>
6797450 Minolta 2050 Co. OR 8,160.00 .00 12/09/96 10.75% 37
100 8,400.00 240.00 25 - Days 35
3877850 CLC 700 w/ CYCL 100 NY 68,034.75 .00 01/15/97 12.44% 37
36
8937350 Konica 4345 Cop 100 IL 11,346.30 .00 01/03/97 13.22% 37
11,670.48 324.18 19- Days 36
TOTAL LEASES: 21 1,503,133.66 1,386.25
29,272.80
<CAPTION>
Lease # Equip Desc. and Payment Original Residual
Code Danka? Cost Val.
Lessee's Name Present Security
Value Dep.
<S> <C> <C> <C>
6797450 Minolta 2050 Co. 240.00 8,247.42 1,237.11
100 NO 7,564.99 480.00
3877850 CLC 700 w/ CYCL 100 1,943.85 64,795.00 9,719.25
No 62,842.70 .00
8937350 Konica 4345 Cop 100 324.18 9,591.12 1.00
No 10,480.41 .00
TOTAL LEASES: 21 41,800.38 1,433,100.08 199,021.70
1,372,334.43 30,804.97
</TABLE>
- ------SUMMERY------
AVERAGE TER, REMAINING: 33 MONTHS
TOTAL MONTHLY PAYMENT: 41,800.38
TOTAL RESIDUAL VALUE: 199,021.70
TOTAL SECURITY DEPOSITS: 30,804.97
TOTAL PRESENT VALUE: 1,372,315.43
<PAGE>
COPELOCO CAPITAL FUNDING CORP II-96 Page 1
MONTHLY SERVICER REPORT 18-Mar-97
MARCH 20, 1997 11:27 AM
MONTHS IN PROGRESS
Line
<TABLE>
<CAPTION>
Transaction Cash Flow - see computer detail
<S> <C> <C>
1/1 Beginning Net Present Value 202,458,291.15
1/2 Less: Lease Receivables - current month 6,746,062.67
1/3 Add: Actual Interest Payment (Weighted Avg A, B & C notes) 1,074,598.15
1/4 Add: 0.75% Servicing Component 126,536.43
1/5 Less: Current month Nonperforming 668,015.48
1/5a Less: Warranty Leases -
1/6 Less: Amounts on Early Terminations 803,503.17
1/7 Add: Amounts due to Substitutions 668,020.48
1/8 Add: Amounts due to Additional leases (Prepaid Leases) 803,509.43
----------
1/9 Ending Net Present Value 196,913,374.31
==============
2 Overdue Lease Payments - see computer detail
02/1 Beginning Balance 817,925.69
2/2 (Memo) Overdue Payments Received 624,214.26
2/3 Less: Reimbursed Per This Report 624,214.26
2/4 Less: Past Dues on Disqualified Leases - Early Terminations 125,741.78
2/5 Less: Past Dues on Disqualified Leases - Non-Performing and Warranty 69,304.04
2/6 Add: Last Month's Current Payments that became Past Due 953,591.10
2/7 Add: Received on Replacements Leases 7,896.97
2/8 (MEMO) Net New Advances 953,591.10
2/9 Ending Balance 960,153.68
==========
3 Residual
3/1 Beginning Availability (7% of $235,449,177) 16,154,446.03
3/2 Less: Amount Used 59,722.23
3/3 Ending Maximum Availability 16,094,723.80
3/4 (MEMO) Amount Realized 1,109,718.38
============
3/5 LTD Residuals of Non-performing, Warranty, and Prepaid leases 2,776,623.16
============
substituted
3/6 LTD Residuals of Substitutions 2,958,001.34
4 Collection account-Advance Lease Payments
4/1 Beginning Balance 3,801,636.22
4/2 Less: Applied to Current from Prepaid 1,387,568.16
4/3 Less: Advance on Disqualified Leases 78,367.65
4/4 Add: Received This Month 981,930.35
4/5 Add: Received on Replacement Leases 15,824.21
---------
4/6 Ending Balance 3,333,454.97
============
5 Residual Event Calculation
5/1 Delinquency condition exist (payments over 62 days performing leases OVER 5.0% Y/N
only)
5/2 Overdue payments and PV on leases over 62 but less than 122 days 698,304.39
5/3 PV of performing leases 196,913.374.31
5/4 Delinquency Rate Current Month 0.35%
5/5 Second Preceding Month 0.27%
5/6 Third Preceding Month 0.36%
5/7 Average 0.31%
5/8 Residual Realization greater than 100% (Yes/No) Yes
5/9 Copelco Capital as Servicer (Yes/No) Yes
6 Cash Reserve Account
6/1 Beginning Balance 2,530,728.64
6/2 Less: New Obligations: Total Shortfall (B9) -
6/3 Plus: Interest earned on Cash Reserve Acct. 6,088.71
--------
6/4 Ending Balance 2,536,817.35
============
6/5 1.25% of Outstanding Note Value 2,461,417.18
6/6 Lesser of 1% of $235,449,177 and Outstanding Note Value 2,300,000.00
6/7 Target Cash Reserve (Greater of 6/5 & 6/6) 2,461,417.18
6/8 Cash Reserve Release (6/4-6/7) 75,400.17
6/9 Ending Balance Cash Reserve Account 2,461,417.18
============
7 Residual Account
7/1 Beginning Balance -
7/2 Plus Current Month Addition -
7/3 Less Disbursements -
----------------
7/4 Ending Balance -
================
</TABLE>
<PAGE>
COPELOCO CAPITAL FUNDING CORP II-96 Page 2
MONTHLY SERVICER REPORT 18-Mar-97
MARCH 20, 1997 11:27 AM
<TABLE>
<CAPTION>
Nonperforming Leases
<S> <C> <C>
1/1 Beginning Balance of Nonperforming Leases -
1/2 Plus Current Month Additions -
1/3 Plus Past Due Payments on Non Performing Leases -
1/4 Less Current Month Recoveries -
----------------
1/5 Ending Balance -
================
Cash Receipts -
Line
A/1 Regular monthly payments 4,584,681.58
A/2 Overdue payments 624,214.26
A/3 Overdue Payments due on Early Termination and Termed Out Leases (From 125,741.78
Seller)
A/4 Advance Payments of monthly rentals 802,152.18
A/5 Residual Values 179,778.17
A/6 Recoveries on Defaulted Leases -
A/7 Proceeds from investment of Collection Account funds 25,394.76
A/8 Draws upon Residual Account -
A/9 Casualty and Termination Payments -
A/10 Servicer Advances 953,591.10
----------
A/11 Total receipts 7,295,553.83
============
Disbursement Requirements
Line
B/1 Past Due Payments Collected, Due Servicer (COLLECTION ACCT) 624,214.26
B/2 Overdue Payments Advanced, on Disqualified Leases (COLLECTION ACCT) 195,045.82
B/3 Servicing Fee (COLLECTION ACCT) 126,536.43
B/4 Advance Payments on Disqualified Leases (COLLECTION ACCOUNT) 78,367.65
B/5 Total to Servicer 1,024,164.16
B/6 Collection Account - Advanced Rents (Monthly-Increase/Decrease)) 468,181.25
B/7 Net cash receipts 6,739,570.92
B/8 Shortfall (1/1/-1/9+C/1+C/2+C/3-B/7) -
B/9 Draw on Cash Reserve -
B/10 Draw on Residual Account -
B/11 Total Available Funds 6,739,570.92
C Noteholders
C/1 Class A Interest Paid 6.34% 976,057.88
C/2 Class B Interest Paid 6.59% 66,710.28
C/3 Class C Interest Paid 6.86% 31,829.99
C/4 Beginning Class A Note Balance 184,742,816.66
C/5 Class A Note Value Target (91.25% of 1/9) 179,683,080.95
C/6 Class A Principal Paid (min (C/4-C-5), B11-C/1-C/2-C/3) 5,059,736.61
C/7 Ending Class A Note Balance 179,683,080.05
C/8 Beginning Class B Note Balance 12,147,546.85
C/9a Class B Note Value Target (6% of 1/9) 11,814,851.84
C/9b Class B Note Value Floor (2.5% of $235,449,177+Cum. Losses-C/12-6/4) -
C/10 Class B Note Principal Paid (min(C/8-max(C9a,C9b)),B11-C/1-C/2-C/3-C/6) 332,695.01
C/11 Ending Class B Note Balance 11,814,851.84
C/12 Beginning Class C Note Balance 5,567,927.64
C/13a Class C Note Value Target (2.75% of 1/9) 5,415,442.43
C/13b Class C Note Value Floor (1% of $235,449,177+Cum. Losses-6/4) -
C/14 Class C Principal Paid (min(C/12-max(C/13a, C/13B)), B/11-C/1-C/2-C/3-C/6- 152,485.21
C/10))
C/15 Ending Class C Note Balance 5,415,442.43
C/16 Balance Available for Distribution to Copelco 120,055.94
D Miscellaneous Tracking Items
D/1 % of Total Nonperforming and Warranty substituted as per Initial Outs. 5.36%
Note Value
D/2 (MEMO) Cumulative amounts on Early Lease Terminations due to modification -
of leases
D/3 (MEMO) Cumulative amounts of additional leases purchased 5,119,425.53
D/4 (MEMO) Avg. residual realization greater than booked residual by Document Yes
Imaging and Major Accounts division for last three months (Yes/No)
D/5 % of Total Variance of Residuals submitted for Non-performing & Prepaid 0.56%
leases and residuals of Substituted leases to Initial pool booked
residuals
</TABLE>
<PAGE>
MONTHLY ACTIVITY REPORT
<PAGE>
FOR THE MONTH ENDED 02/30/97 S OF THE DETERMINATION DATE OF ____________
MONTHLY ACTIVITY BY LEASE
<TABLE>
<CAPTION>
LEASE # OPENING BALANCE CASH APPLICATION REPLACE,ADD
LEASE # PREPAID CURRENT PAST DUE PREPAID CURRENT PAST DUE OR DISQUAL
<S> <C> <C> <C> <C> <C> <C> <C>
9244708 69.4 1,666.3 .00 .0 .0 .00 .00
9244709 57.6 1,557.0 .00 .0 57.6 .00 .00
9245401 .0 48,737.0 .00 .0 1,133.4 .00 .00
9247001 559.0 16,213.0 .00 .0 559.0 .00 .00
9250201 .0 5,075.0 175.00 .0 .0 175.00 .00
9251002 46.0 1,426.0 .00 .0 46.0 .00 .00
9253501 313.0 7,199.2 .00 7,454.3 313.0 .00 .00
9255701 250.0 10,750.0 .00 .0 250.0 .00 .00
9256601 .0 3,518.0 .00 .0 .0 .00 .00
9256901 .0 23,352.4 .00 .0 .0 .00 .00
9257201 255.0 7,650.0 .00 .0 .0 .00 .00
9257301 102.4 4,816.0 .00 .0 .0 .00 .00
9257801 35.9 9,100.0 .00 .0 260.0 .00 .00
9258303 .0 4,419.7 .00 .0 232.6 .00 .00
9258304 .0 3,756.7 .00 139.1 139.1 .00 .00
9258305 108.8 2,940.0 .00 .0 108.8 .00 .00
9268801 .0 5,790.0 .00 .0 193.0 .00 .00
9269301 185.3 70,800.0 .00 .0 1,770.0 .00 .00
9270401 188.0 6,016.0 .00 .0 188.0 .00 .00
0281001 225.0 4,725.0 .00 .0 .0 .00 .00
9271202 270.0 7,020.0 .00 .0 270.0 .00 .00
9273601 .0 23,914.6 .00 .0 771.4 .00 .00
9274201 .0 1,760.0 .00 .0 88.0 .00 .00
9276602 .2 6,914.6 .00 .0 .0 .00 .00
226,765,183.55 802,152.18 624,214.26
3,801,636.22 817,925.69 4,584,681.58 129,357.95-
<CAPTION>
LEASE # CLOSING BALANCE DAYS
LEASE # PREPAID CURRENT PAST DUE DEL.
<S> <C> <C> <C> <C>
9244708 .0 1,596. .00 29-
9244709 57.6 1,499. .00 42-
9245401 .0 47,603. .00 23-
9247001 559.0 15,653. .00 31-
9250201 .0 4,900. 175.00 4
9251002 46.0 1,380. .00 35-
9253501 7,767.3 6,886. .00 56-
9255701 250.0 10,500. .00 50-
9256601 .0 3,382. 135.31 3
9256901 .0 22,703. 648.68 0
9257201 .0 7,395. .00 16-
9257301 .0 4,713. .00 1-
9257801 35.9 8,840. .00 6-
9258303 .0 4,187. .00 22-
9258304 139.1 3,617. .00 51-
9258305 108.8 2,831. .00 36-
9268801 .0 5,597. .00 19-
9269301 185.3 69,030. .00 1-
9270401 188.0 5,828. .00 49-
0281001 .0 4,500. .00 13-
9271202 270.0 6,750. .00 43-
9273601 .0 23,143. .00 26-
9274201 .0 1,672. .00 28-
9276602 .0 6,767. 146.84 3
3,333,454.97 906,153.68
220,014,368.34
</TABLE>
DANKA PRESENT VALUE: .00
PORTFOLIO PRESENT VALUE: 197,302,610.67
DANKA/TOTAL PORTFOLIO: .00
<TABLE>
<CAPTION>
TOTAL OPENING RECEIVABLES BALANCE TOTAL CASH APPLICATIONS NET REPLACE/DISQUAL
223,781,473.02 6,011,048.02 129,357.95-
TOTAL 0-14 DAYS DEL. 15-29 DAYS DEL. 30-44 DAYS DEL. 45-59 DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/% NO - LEASES-#/%
<S> <C> <C> <C> <C>
217,641,067.05 205,280,834.18 8,927,662.14 1,808,673.92 812,894.04
100,00% 94.32% 4.10% 0.83% 0.37%
21,790 20,526 856 192 112
100.00% 94.20% 3.93% 0.88% 0.51%
<CAPTION>
TOTAL CLOSING RECEIVABLE BALANCE
217,641,067.05
60-89 DAYS DEL. 90+ DAYS DEL.
RECEIVABLES=$/% RECEIVABLES=$/%
NO - LEASES-#/% NO - LEASES-#/%
<S> <C>
811,002.77 .00
0.37% 0.00%
104
0.48% 0.00%
</TABLE>
<PAGE>
LEASE DISQUALIFICATION REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
0044651 MINOLTA 5420 CO 1,330.81- .00 .00 1,330.81 .00
4091903 RICOH 6645 COPI 16,665.30 17,102.34 .00 437.04 371.79
0491904 RICOH 5535 COPI 11,235.00 11,425.02 .00 190.02 248.37
0491905 RICOH 4022 COPI 6,643.78 6,643.78 .00 .00 144.43
0491906 RICOH 3013 COPI 1,822.52 1,822.52 .00 .00 39.62
0491907 RICOH 2700L FAX 2,659.72 2,659.72 .00 .00 57.82
0491908 RICOH 5600L FAX 4,479.02 4,479.02 .00 .00 97.37
0619701 MINOLT APE 2050 4,752.00 4,224.00 528.00 .00 132.00
0731351 MINOLTA 4050 CO 22,188.60 17,750.88 4,437.72 .00 369.81
0919951 MINOLTA EP 1080 6,154.99 6,300.00 .00 145.01 140.00
0953952 TEKTRONIX PHASE 12,571.590 10,895.30 1,676.20 .00 419.05
1029301 MINOLTA 3050 9,971.64 7,478.73 2,492.91 .00 276.99
1053402 CANON CLC 300/F 1,385.50- .00 .00 1,385.50 .00
1076701 KONICA 7310 3,103.00 2,675.00 428.00 .00 107.00
1193550 2-CANON L700 FA 190.08 .00 190.08 .00 .00
1222952 CANON LC 7000 1.00- .00 .00 1.00 .00
1228302 MINOLTA EP 1080 6,509.28 5,746.84 762.44 .00 155.32
1238951 MINOLTA 2152 CO 2,380.01 1,933.82 446.19 .00 101.78
1877651 MINOLTA 3050 C 15,910.00 15,170.00 740.00 .00 370.00
1910551 LC5500 .00 .00 .00 .00 .00
1955602 FILM PROJECTOR 3,087.00 2,793.00 294.00 .00 147.00
1955603 CANON 6030 COPI 13,369.65 13,096.80 272.85 .00 272.85
2019151 MINOLTA EP 1081 5,981.00 5,280.00 701.00 .00 160.00
2020354 OFFICE FURNITUR .00 .00 .00 .00 .00
2040851 MINOLTA 1080 CO 6,819.39 6,803.94 15.45 .00 206.18
2036251 OKIDATA 2200 144.90 .00 144.90 .00 .00
2120202 CANON CLC700 CO 20,052.95 16,500.00 3,552.95 .00 1,500.00
2146651 MINOLTA EP 2130 1,665.00 1,584.00 81.00 .00 66.00
2892853 CANON L-790 3,100.00 2,945.00 155.00 .00 155.00
3027354 MINOLTA EP 6000 .00 .00 .00 .00 .00
3036851 SORTER -ADD-ON 66.37- .00 .00 66.37 .00
3175515 MAINTENANCE FOR 758.96 .00 758.96 .00 .00
3251451 RICOH 3013 COPI 182.15 .00 182.15 .00 .00
3310750 6115CD 8MB/350 398.57- 209.90 .00 608.47 209.90
3346552 COMPAQ NOTEBOOK 1,747.29- .00 .00 1,747.29 .00
3356601 MINOTAL EP 8601 4,900.00 3,672.00 1,228.00 .00 216.00
3406651 MINOLTA 2050 CO 7,681.23 6,827.76 853.47 .00 284.49
3519150 CANON 4P6016 CO .00 .00 .00 .00 .00
3554650 UNITY 1800 XLO .00 .00 .00 .00 .00
3596450 MITA 1855 COPIE 59.94- .00 .00 59.94 .00
3625750 TOSHIBA 7610 CO .00 .00 .00 .00 .00
3628552 MAINTENANCE FOR .00 .00 .00 .00 .00
3643050 TOSHIBA 2500 CO .00 .00 .00 .00 .00
3682254 VARIOUS EQUIPME 9,587.40 9,587.40 .00 .00 330.60
3959151 MINOLTA EP 9760 18,935.44 18,523.80 411.64 .00 411.64
4027451 VARIOUS EQUIPME 161.89- .00 .00 161.89 .00
4253704 9760 (DEMO'S) 3,740.56 4,956.82 .00 1,216.26 4,956.82
4258150 VARIOUS EQUIPME 20.87- 850.00 .00 870.87 170.00
4295052 2050 5,650.43 5,400.00 250.43 .00 225.00
4295056 MINOLTA 1080 4,181.47 4,200.00 .00 18.53 150.00
4386950 MINOLTA 4050 15,286.41 15,293.00 .00 6.59 373.00
4395950 CANON 6025 COPI 4,598.00 3,971.00 627.00 .00 209.00
<CAPTION>
LEASE# EQUIPMENT DESCR TRM PRESENT RESIDUAL SECURITY DISQUALIFICATION
REM VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C> <C> <C>
0044651 MINOLTA 5420 CO 0 .00 1359.00 .00 TERMED OUT
4091903 RICOH 6645 COPI 46 14,928.56 2546.54 .00 UPGRADE
0491904 RICOH 5535 COPI 46 9,972.85 1701.15 .00 UPGRADE
0491905 RICOH 4022 COPI 46 5,799.33 989.25 .00 UPGRADE
0491906 RICOH 3013 COPI 46 1,590.87 271.37 .00 UPGRADE
0491907 RICOH 2700L FAX 46 2,321.66 396.02 .00 UPGRADE
0491908 RICOH 5600L FAX 46 3,909.72 666.90 .00 UPGRADE
0619701 MINOLT APE 2050 32 3,836.89 808.16 .00 DELINQUENT 090+
0731351 MINOLTA 4050 CO 48 15,407.49 2616.58 .00 REBOOKING
0919951 MINOLTA EP 1080 45 5,514.80 990.56 .00 UPGRADE
0953952 TEKTRONIX PHASE 26 10,068.91 2067.68 .00 DELINQUENT 090+
1029301 MINOLTA 3050 27 6,891.60 1371.29 .00 REBOOKING
1053402 CANON CLC 300/F 0 .00 7166.38 .00 TERMED OUT
1076701 KONICA 7310 25 2,479.24 465.22 200.00 DELINQUENT 090+
1193550 2-CANON L700 FA 0 .00 1.00 .00 TERMED OUT
1222952 CANON LC 7000 0 .00 1.00 .00 TERMED OUT
1228302 MINOLTA EP 1080 37 5,146.12 950.94 .00 UPGRADE
1238951 MINOLTA 2152 CO 19 1,823.69 505.53 .00 DELINQUENT 090+
1877651 MINOLTA 3050 C 41 13,430.61 2617.92 .00 LEGAL
1910551 LC5500 0 .00 1.00 .00 TERMED OUT
1955602 FILM PROJECTOR 19 2,633.95 742.42 .00 REBOOKING
1955603 CANON 6030 COPI 48 11,367.82 1917.00 .00 REBOOKING
2019151 MINOLTA EP 1081 33 4,782.40 1008.40 .00 DELINQUENT 090+
2020354 OFFICE FURNITUR 0 .00 1.00 .00 TERMED OUT
2040851 MINOLTA 1080 CO 33 6,162.73 1262.33 .00 UPGRADE
2036251 OKIDATA 2200 0 .00 1.00 .00 TERMED OUT
2120202 CANON CLC700 CO 11 15,927.39 7641.00 .00 LEGAL
2146651 MINOLTA EP 2130 24 1,472.33 303.68 132.00 UPGRADE
2892853 CANON L-790 19 2,777.29 764.80 .00 UPGRADE
3027354 MINOLTA EP 6000 0 .00 1.00 .00 TERMED OUT
3036851 SORTER -ADD-ON 0 .00 121.41 .00 TERMED OUT
3175515 MAINTENANCE FOR 0 .00 1.00 .00 TERMED OUT
3251451 RICOH 3013 COPI 0 .00 1.00 .00 TERMED OUT
3310750 6115CD 8MB/350 1 208.66 409.19 419.80 PREPAYMENT
3346552 COMPAQ NOTEBOOK 0 .00 464.55 270.00 TERMED OUT
3356601 MINOTAL EP 8601 17 3,483.07 1322.45 432.00 DELINQUENT 090+
3406651 MINOLTA 2050 CO 24 6,346.40 1446.56 .00 LEGAL
3519150 CANON 4P6016 CO 0 .00 356.49 .00 TERMED OUT
3554650 UNITY 1800 XLO 0 .00 1.00 .00 TERMED OUT
3596450 MITA 1855 COPIE 0 .00 1.00 .00 TERMED OUT
3625750 TOSHIBA 7610 CO 0 .00 689.17 .00 TERMED OUT
3628552 MAINTENANCE FOR 0 .00 1.00 .00 TERMED OUT
3643050 TOSHIBA 2500 CO 0 .00 591.72 .00 TERMED OUT
3682254 VARIOUS EQUIPME 29 8,784.05 1642.05 .00 UPGRADE
3959151 MINOLTA EP 9760 45 16,215.10 3012.00 .00 UPGRADE
4027451 VARIOUS EQUIPME 0 .00 720.29 400.00 TERMED OUT
4253704 9760 (DEMO'S) 1 4,927.58 1.00 .00 LEGAL
4258150 VARIOUS EQUIPME 5 835.08 1.00 368.05 PREPAYMENT
4295052 2050 24 5,019.30 1117.50 .00 UPGRADE
4295056 MINOLTA 1080 28 3,859.15 745.03 .00 UPGRADE
4386950 MINOLTA 4050 41 13,539.51 2729.27 .00 UPGRADE
4395950 CANON 6025 COPI 19 3,744.86 1.00 .00 LEGAL
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
LEASE# EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
4396950 MINOLTA 3170 2,091.12 2,198.34 .00 107.22 122.13
4413750 SHARP FO 3850 F 2,620.42 2,143.98 476.44 .00 119.11
4434650 MINOLTA 2050 4,601.43 4,065.66 535.77 .00 225.87
4518350 CANON NP6030 CO 4,914.30 4,743.54 170.76 .00 263.53
4519050 TOSHIBA 5020 CO 3,734.51 3,893.40 .00 158.89 216.30
4552550 CANON 6025 COPI 48.90- 4,680.84 .00 4,729.74 246.36
4603050 MINOLTA EP 3190 1,675.00 1,577.00 98.00 .00 83.00
4609651 MINOLTA EP 26.34 1,320.00 .00 1,293.60 55.00
4632950 VARIOUS EQUIPME 6,550.94 5,657.63 893.31 .00 297.77
4635350 VARIOUS EQUIPME 6,366.00 5,092.80 1,273.20 .00 254.64
4677950 LASERMASTER UNI 8,977.50 8,179.50 798.00 .00 199.50
4687050 MINOLTA 1081 CO 2,760.00 2,300.00 460.00 .00 115.00
4715550 MINOLTA 4233 CO 2,958.44 2,451.57 506.87 .00 129.03
4720150 MITA 2155 COPIE 841.01- 2,413.00 .00 3,254.01 127.00
4767550 MINOLTA EP 2152 1,913.04 1,594.20 318.84 .00 79.71
4806950 VARIOUS EQUIPME 10,424.70 9,477.00 947.70 .00 315.90
4810250 MINOLTA AEP 2151 1,936.00 1,584.00 352.00 .00 88.00
4818350 MINOLTA 2050 CO 7,619.04 6,772.48 846.56 .00 211.64
4854050 CANON GP55 COPI 9,792.00 8,640.00 1,152.00 .00 288.00
4860750 SHARP 7300 519.86 432.48 87.38 .00 54.06
4884251 LANIER VOICEWRI .00 .00 .00 .00 .00
4910950 MINOLTA EP 4050 7,064.63 7,052.43 12.20 .00 335.83
4950350 AB DICK 6120 CO 2,550.24 2,125.20 425.04 .00 106.26
4965450 CANON CLC 305/F 22,978.68 20,916.00 2,062.68 .00 995.00
4982150 MINOLTA CF-8O C 67,774.00 63,448.00 4,326.00 .00 1,442.00
4995350 RICOH 3213 COPI 1,680.00 1,400.00 280.00 .03 70.00
5055150 MINOLTA 1084 CO 1,977.07 1,628.55 348.52 .00 77.55
5060750 MINOLTA EP4050 11,270.00 11,025.00 245.00 .00 245.00
5077150 KONICA 2028 COP 10,575.00 8,883.00 1,692.00 .00 423.00
5086751 MITA 4056 COPIE 10,965.00 10,320.00 645.00 .00 215.00
5089250 MITA DC 1755 CO 3,865.12 3,549.60 315.52 .00 75.88
5090150 MINOLTA 1080 CO 7,429.38 6,822.90 606.48 .00 151.62
5109250 MINOLTA EP 3600 14,945.04 13,329.36 1,615.68 .00 403.92
5114850 MINOLTA EP 8601 3,300.00 2,772.00 528.00 .00 132.00
5225650 VARIOUS EOUIPME 14,138.94 13,545.00 593.94 .00 301.00
5231150 KONICA 3035 COP 1,852.20 1,852.20 .00 .00 205.80
5235750 MINOLTA EP 1080 5,642.00 4,774.00 868.00 .00 217.00
5250150 VARIOUS EQUIPME 49.83 7,456.24 .00 7,406.41 338.92
5253750 MITA 1755 COPIE 2,175.86 2,341.68 .00 165.82 106.44
5259250 SAVIN 9027 COPI 6,475.00 6,290.00 185.00 .00 185.00
5291450 MINOLTA 4050 CO 10,074.24 9,514.56 559.68 .00 279.84
5352750 MINOLTA EP2050 7,798.45 7,786.00 12.45 .00 229.00
5374050 MINOLTA 2050 6,162.84 5,679.48 483.36 .00 120.84
5383150 CANON 8530 28,593.56 27,994.22 599.34 .00 608.57
5418950 CANON 3050 COPI 4,965.52 4,256.16 709.36 .00 177.34
5428850 MINOLTA 4050 DE 9,968.70 9,968.70 .00 .00 212.10
5443050 VARIOUS EQUIPME 4086.11 4,075.40 10.71 .00 203.77
5448450 MINOLTA EP2152 1,748.00 1,748.00 .00 .00 76.00
5455650 RICOH 5540 COPI 3,982.50 3,392.50 590.00 .O0 147.50
5450250 MINOLTA EP 2152 1,653.43 1,408.52 244.96 .00 61.24
5461350 MINOLTA EP 6000 17,475.23 17,457.00 18.23 .00 759.00
5488650 VARIOUS EQUIPME 3,372.35 3,208.50 163.85 .00 139.50
<CAPTION>
TRM PRESENT RESIDUAL SECURITY
REM VALUE VALUE DEPOSIT DISQUALIFICATION
<S> <C> <C> <C> <C> <C>
4396950 18 2,079.18 1.00 244.26 UPGRADE
4413750 18 2,027.77 1.00 .00 DELINQUENT 090+
4434650 18 3,845.28 1114.48 .00 UPGRADE
4518350 18 4,486.42 1442.06 .00 UPGRADE
4519050 18 3,682.36 1050.00 432.00 UPGRADE
4552550 19 4,414.28 1269.90 527.22 LEGAL
4603050 19 1,487.19 416.39 .00 UPGRADE
4609651 24 1,226.94 273.18 .00 PREPAYMENT
4632950 19 5,335.44 1478.99 .00 LEGAL
4635350 20 4,788.87 1312.58 538.56 DELINQUENT090+
4677950 41 7,241.64 1.00 .00 DELINQUENT090+
4687050 20 2,162.74 571.19 .00 DELINQUENT090+
4715550 19 2,311.96 647.31 258.06 DELINQUENT090+
4720150 19 2,275.59 637.12 .00 PREPAYMENT
4767550 20 1,499.06 1.00 150.40 DELINQUENT090+
4806950 30 8,658.00 1222.50 .00 LEGAL
4810250 18 1,498.14 425.80 .00 DELINQUENT090+
4818350 32 6,151.82 1295.73 .00 DELINQUENT090+
4854050 30 7,893.33 1111.97 .00 DELINQUENT090+
4860750 8 421.16 1.00 102.00 UPGRADE
4884251 0 .00 1.00 281.64 TERMED OUT
4910950 21 6,612.36 1668.03 .00 UPGRADE
4950350 20 1,998.37 509.25 212.52 LEGAL
4965450 21 19,610.83 4980.00 .00 UPGRADE
4982150 44 55,697.50 10869.35 2,584.00 LEGAL
4995350 20 1,316.45 332.23 140.00 DELINQUENT090+
5055150 21 1,526.93 389.05 155.10 DELINQUENT090+
5060750 45 9,650.90 1750.00 .00 LEGAL
5077150 21 8,328.70 2165.53 346.00 DELINQUENT090+
5086751 48 8,957.60 1596.53 215.00 LEGAL
5089250 45 3,107.20 516.68 157.76 DELINQUENT090+
5090150 45 5,972.53 1109.38 .00 DELINQUENT090+
5109250 33 12,073.18 2472.98 .00 DELINQUENT090+
5114850 21 2,599.03 655.63 .00 DELINQUENT090+
5225650 45 11,856.83 2268.84 .00 UPGRADE
5231150 9 1,798.43 1.00 411.60 UPGRADE
5235750 22 4,463.16 1077.81 .00 DELINQUENT090+
5250150 22 6,970.76 1.00 .00 PREPAYMENT
5253750 22 2,189.21 1.00 212.88 UPGRADE
5259250 34 5,680.95 1067.31 382.03 LEGAL
5291450 34 8,593.28 1713.31 .00 DELINQUENT090+
5352750 34 7,032.09 1402.05 .00 UPGRADE
5374050 47 4,943.62 855.00 .00 DELINQUENT090+
5383150 46 24,436.04 4111.95 1,302.94 LEGAL
5418950 24 3,956.10 878.85 .00 DELINQUENT090+
5428850 47 8,677.11 1.00 .00 UPGRADE
5443050 20 3,832.18 1.00 .00 UPGRADE
5448450 23 1,629.47 377.48 .00 LEGAL
5455650 23 3,162.45 760.32 295.00 DELINQUENT090+
5450250 23 1,313.01 307.22 122.48 DELINQUENT090+
5461350 23 16,273.22 3769.87 .00 UPGRADE
5488650 23 2,990.93 692.88 .00 UPGRADE
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
ACTUAL CURRENT PAST DUE PREPAID MONTHLY
LEASE # EQUIPMENT DESCR RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
5490550 MINOLTA EP 2050 4,075.40 3,755.15 320.25 .00 107.29
5523850 MINOLTA 1080 4,179.24 3,750.60 428.64 .00 107.16
5529450 KONICA 2125/RAD 5,923.36 4,962.48 960.88 .00 215.76
5563850 MINOLTA EP 1081 3,672.00 3,519.00 153.00 .00 153.00
5565050 VARIOUS EOUIPME 9,820.16 8,280.00 1,540.16 .00 345.00
5534850 MINOLTA FAX1700 1,566.00 1,334.00 232.00 .00 58.00
5586350 MINOLTA EP2152 2,415.00 2,415.00 .00 .00 105.00
5588850 TOSHIBA 501 FAX 100.00- .00 .00 100.00 .00
5633150 MINOLTA EP2121 .00 .00 .00 .00 .00
5663950 RICOH 3013 COPI .00 .00 .00 .00 .00
5659250 MINOLTA EP 2050 2,061.55- 5,914.56 .00 7,976.11 246.44
5700750 CANON C-150 COP 2,639.50 2,533.92 105.58 .00 105.58
5715350 CANON 2020 165.91- .00 .00 165.91 .00
5720350 KONICA 7310 1,736.00 1,240.00 496.00 .00 124.00
5732950 VARIOUS EOUIPME 7,948.20 7,336.80 611.40 .00 152.85
5761550 TOSHIBA 1350 99.96- .00 .00 99.96 .00
5782550 COMPUTIZE/COMPA 1,162.24- .00 .00 1,162.24 .00
5789950 MINOLTA 4230 CO .00 .00 .00 .00 .00
5797750 KONICA 2020 COP .00 .00 .00 .00 .00
5804750 RICOH 5600L FAX .00 .00 .00 .00 .00
5805450 MITA DC 1605 CO 275.14- .00 .00 275.14 .00
5806950 MINOLTA EP 2121 .00 .00 .00 .00 .00
5807450 MINOLTA FAX 170 .00 .00 .00 .00 .00
5812050 MINOLTA FAX 170 455.84 .00 455.84 .00 .00
5815550 RICOH 4500L FAX 21.45- .00 .00 21.45 .00
5838450 RENEWED RICOH 4 328.11 .00 328.11 .00 .00
5850350 KONICA 1112 COP 1,889.73 1,679.76 209.97 .00 69.99
5850750 MITA DC 3285 C0 2,657.92 2,518.56 139.36 .00 104.94
5852550 USED TOSHIBA 85 .00 .00 .00 .00 .00
5862750 NASHUA TEC 3413 458.12 .00 458.12 .00 .00
5865750 MINOLTA 1080 CO 2,003.04 1,919.58 83.46 .00 83.46
5868750 AUSTIN DIRECT E 527.18- .00 .00 527.18 .00
5876450 CANON MP3050 CO 443.67- 4,860.00 .00 5,303.67 135.00
5881652 VARIOUS EQUIPME 523,537.80 436,281.50 87,256.30 .00 8,725.63
5883550 MINOLTA EP 3170 .00 .00 .00 .00 .00
5854750 MAINT CONTRACT 3.48- .00 .00 3.48 .00
5903350 VARIOUS EQUIPME 10,854.27 11,808.00 .00 953.73 492.00
5936583 MINOLTA EP 3050 5,078.73 4,383.72 695.01 .00 162.36
5938150 KONICA 3035 COP 831.83 .00 831.83 .00 .00
5942150 MINOLTA 1700 FA .00 .00 .00 .00 .00
6004351 RICOH 4022 COPI 6,253.20 5,419.44 833.76 .00 208.44
5158650 MINOLTA 2130 PR 1,949.61 1,700.00 249.61 .00 68.00
6312452 SURESTORE DAT, 15,186.90 14,221.48 965.42 .00 273.49
6312454 48MB STAND/SONY 6,175.49 5,782.92 392.57 .00 111.21
6377150 LASERMASTER DIS 24,767.60 23,338.70 1,428.90 .00 476.30
6381550 MINOLTA EP 213 1,544.73 1,345.41 199.32 .00 49.83
6405150 750-8IDS-RFB 26,123.40 20,898.72 5,224.68 .00 435.39
6430950 VARIOUS EQUIPME 8,070.00 6,994.00 1,076.00 .00 269.00
6440350 POWER MAC 7200/ 3,060.00 2,380.00 680.00 .00 85.00
6527450 CANON NP6050 CO 27,400.00 26,030.00 1,370.00 .00 685.00
6541509 RICOH 550 FAX 194.67 .00 194.67 .00 .00
6551050 MINOLTA EP 2050 11,102.33 10,335.00 767.33 .00 265.00
<CAPTION>
TRM PRESENT RESIDUAL SECURITY
REM VALUE VALUE DEPOSIT DISQUALIFICATION
<S> <C> <C> <C> <C> <C>
5490550 35 3,381.87 657.00 .00 LEGAL
5523850 35 3,377.77 1.00 .00 DELINQUENT090+
5529450 23 4,625.97 1.00 .00 DELINQUENT090+
5563850 23 3,280.37 759.93 .00 LEGAL
5565050 24 7,696.25 1680.20 .00 DELINQUENT090+
5534850 23 1,243.54 1.00 .00 DELINQUENT090+
5586350 23 2,251.24 521.52 .00 UPGRADE
5588850 0 .00 1.00 200.00 TERMED OUT
5633150 0 .00 1.00 .00 TERMED OUT
5663950 0 .00 1.00 312.80 TERMED OUT
5659250 24 5,497.58 1224.00 .00 PREPAYMENT
5700750 24 2,355.28 515.86 211.16 LEGAL
5715350 0 .00 292.94 .00 TERMED OUT
5720350 10 1,200.48 1.00 .00 DELINQUENT090+
5732950 48 6,368.23 1080.30 .00 DELINQUENT090+
5761550 0 .00 180.00 199.92 TERMED OUT
5782550 0 .00 3188.20 2,517.52 TERMED OUT
5789950 0 .00 1.00 420.00 TERMED OUT
5797750 0 .00 1.00 .00 TERMED OUT
5804750 0 .00 1.00 .00 TERMED OUT
5805450 0 .00 216.79 .00 TERMED OUT
5806950 0 .00 1.00 .00 TERMED OUT
5807450 0 .00 1.00 .00 TERMED OUT
5812050 0 .00 198.08 .00 TERMED OUT
5815550 0 .00 261.13 304.30 TERMED OUT
5838450 0 .00 634.29 740.00 TERMED OUT
5850350 24 1,561.34 1.00 .00 LEGAL
5850750 24 2,341.00 552.32 314.82 UPGRADE
5852550 0 .00 175.06 300.00 TERMED OUT
5862750 0 .00 1.00 458.11 TERMED OUT
5865750 23 1,789.41 1.00 .00 UPGRADE
5868750 0 .00 590.80 1,054.36 TERMED OUT
5876450 36 4,364.41 1.00 .00 PREPAYMENT
5881652 50 376,559.53 68168.91 .00 REBOOKING
5883550 0 .00 1.00 439.76 TERMED OUT
5854750 0 .00 2.00 .00 TERMED OUT
5903350 24 10,975.53 2553.63 1,549.80 UPGRADE
5936583 27 4,039.57 860.26 .00 DELINQUENT090+
5938150 0 .00 508.25 791.66 TERMED OUT
5942150 0 .00 1.00 156.40 TERMED OUT
6004351 26 5,008.38 1049.19 .00 DELINQUENT090+
5158650 25 1,575.59 341.13 .00 LEGAL
6312452 52 12,205.95 1.00 .00 DELINQUENT090+
6312454 52 4,963.34 1.00 .00 DELINQUENT090+
6377150 49 20,200.66 687.80 .00 LEGAL
6381550 27 1,239.79 249.98 99.66 DELINQUENT090+
6405150 48 18,139.77 1.00 .00 UPGRADE
6430950 26 6,463.52 1.00 538.00 DELINQUENT090+
6440350 28 2,186.85 374.55 .00 REBOOKING
6527450 38 23,242.79 1259.19 .00 LEGAL
6541509 0 .00 208.83 .00 TERMED OUT
6551050 39 9,202.14 1656.25 .00 LEGAL
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
ACTUAL CURRENT PAST DUE PREPAID MONTHLY
LEASE # EQUIPMENT DESCR RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
6568550 MITA 3055 COPIE 10,844.90 10,056.18 788.72 .00 197.18
6568551 MITA 750 FAX 4,537.92 3,970.68 567.24 .00 141.81
6585450 VARIOUS EQUIPME 24,635.55 24,152.50 483.05 .00 483.05
6593350 CS-4050 w/DUPLE 16,225.00 15,045.00 1,180.00 .00 295.00
6652050 MINOLTA 2050 CO 5,295.96 3,971.97 1,323.99 .00 147.11
6710351 MINOLTA EP 1080 3,500.00 3,500.00 .00 .00 125.00
6721350 VARIOUS EQUIPME 4,088.61 4,088.61 .00 .00 151.43
6732350 PENT SOLUTION 1 7,703.10 6,932.79 770.31 .00 256.77
6732351 PERSONAL SUPPOR 8,017.4 7,241.92 775.92 .00 258.64
6732552 COMPUTER 21,673.41 19,046.33 2,627.08 .00 656.77
6758950 MINOLTA EP 2050 4,587.33 3,995.46 591.92 .00 147.98
6769350 MITA DC 1435 CO 298.95- 1,380.24 .00 1,679.19 51.12
6776107 ARCHE P90 COMPU 1,887.08 1,787.76 99.32 .00 99.32
6776108 INTEL PENTIUM 9 3,342.36 3,183.20 159.16 .00 159.16
6776109 586-75 COMPUTER 3,999.47 4,081.58 .00 82.11 177.46
6797450 RICOH NC 5006 C 4,134.07 27,300.00 .00 23,165.93 525.00
6798950 MINOLTA EP 3170 2,670.00 2,492.00 178.00 .00 89.00
6828950 KONICA FAX 9715 4,948.90 4,588.98 359.92 .00 89.98
6865550 KONICA 3035 3,540.67 3,381.56 159.11 .00 120.77
6886750 MINOLTA EP 2121 2,043.84 1,788.36 255.48 .00 63.87
5898750 MINOLTA EP 5320 3,840.30 3,360.00 480.00 .00 120.00
6902150 KONICA 3035 4,864.00 4,256.00 608.00 .00 152.00
6916250 MINOLTA EP 3050 13,991.40 12,125.88 1,865.52 .00 233.19
6916550 MINOLTA 1081 CO 1.53- 2,814.00 .00 2,815.53 100.50
6925150 MITA DC1256 COP 3,169.60 2,773.40 396.20 .00 99.05
6936650 VARIOUS EQUIPME 3,750.00 3,250.00 500.00 .00 125.00
6941150 VARIOUS EQUIPME 3,238.4O 2,833.60 404.80 .00 101.20
6988050 SHARP 2022 REFU 6,552.00 6,084.00 468.00 .00 117.00
7034830 EP 8601 .00 .00 .00 .00 .00
7044550 CANON C-180 COP 5,567.08 5,747.28 .00 180.20 205.26
7053250 MINOLTA EP 2152 3,132.00 3,024.00 108.00 .00 108.00
7053450 VARIOUS EQUIPME 4,785.00 4,205.00 580.00 .00 145.00
7056350 COPYSTAR CS-143 3,479.68 3,458.00 21.68 .00 66.50
7058800 1 MINOLTA EP 86 1.00- .00 .00 1.00 .00
7073950 NASHUATEC 4345 33,125.00 32,500.00 625.00 .00 625.00
7073952 COMPUTER 12,449.10 10,984.50 1,464.60 .00 366.15
7073953 COMPUTER 45,200.00 41,850.00 3,350.00 .00 1,350.00
7107850 CANON C100 COPI 1,536.48 1,224.00 312.48 .00 76.50
7119150 VARIOUS EQUIPME 4,538.03 3,864.00 674.03 .00 138.00
7187450 MITA DC1856 COP 4,746.06 4,170.78 575.28 .00 143.82
7194501 TOSHIBA 3550 CO 8,425.91 8,372.00 53.91 .00 322.00
7203700 SHARP SF8350 CO 26.97- .00 .00 26.97 .00
7204701 SHARP COPIER 79 .00 .00 .00 .00 .00
7228300 CANON 300 CLC 740.00- .00 .00 740.00 .00
7236100 SHARP 9800/SRTR 1,263.09 .00 1,263.09 .00 .00
7236101 SHARP 8400/ADF/ 265.00- .00 .00 265.00 .00
7239050 MINOLTA 2050 CO 5,425.00 5,075.00 350.00 .00 175.00
7250301 RICOH 6750 .00 .00 .00 .00 .00
7261000 2 SAVIN 9210 CO 797.83 .00 797.83 .00 .00
7289750 MONORE RL914 CO 1,260.00 1,020.00 240.00 .00 60.00
7294250 MINOLTA EP1080 3,604.48 3,358.72 245.76 .00 81.92
7302950 MINOLTA 1080 3,355.04 3,419.56 .00 64.52 64.52
<CAPTION>
TRM PRESENT RESIDUAL SECURITY
REM VALUE VALUE DEPOSIT DISQUALIFICATION
<S> <C> <C> <C> <C> <C>
6568550 51 8,655.24 1493.77 394.35 DELINQUENT090+
6568551 28 3,648.44 728.46 283.62 DELINQUENT090+
6585450 50 20,846.30 2267.4 .00 LEGAL
6593350 51 12,949.06 2169.12 .00 DELINQUENT090+
6652050 27 3,660.14 718.37 .00 REBOOKING
6710351 28 3,215.96 620.85 .00 LEGAL
6721350 27 3,767.63 747.20 .00 UPGRADE
6732350 27 6,388.52 750.60 513.54 LEGAL
6732351 28 6,654.20 756.26 517.28 LEGAL
6732552 29 17,450.39 1955.15 1,313.54 LEGAL
6758950 27 3,681.79 735.00 .00 DELINQUENT090+
6769350 27 1,271.88 224.21 102.24 PREPAYMENT
6776107 18 1,690.35 1.00 .00 LEGAL
6776108 20 2,993.23 1.00 .00 LEGAL
6776109 23 3,804.80 559.80 354.92 LEGAL
6797450 52 23,430.92 3786.06 .00 PREPAYMENT
6798950 28 2,289.76 434.85 .00 LEGAL
6828950 51 3,949.68 1.00 .00 DELINQUENT090+
6865550 28 3,107.13 622.53 .00 LEGAL
6886750 28 1,643.23 317.25 .00 DELINQUENT090+
5898750 28 3,087.32 602.00 720.00 DELINQUENT090+
6902150 28 3,910.61 755.00 .00 DELINQUENT090+
6916250 52 10,407.34 1695.72 .00 REBOOKING
6916550 28 2,585.63 1.00 201.00 PREPAYMENT
6925150 28 2,548.33 508.80 186.88 LEGAL
6936650 26 3,003.49 631.31 .00 DELINQUENT090+
6941150 28 2,603.64 509.40 .00 LEGAL
6988050 52 5,221.75 520.00 .00 DELINQUENT090+
7034830 0 .00 1090.00 .00 TERMED OUT
7044550 28 5,280.86 1054.42 410.52 UPGRADE
7053250 28 2,778.59 536.25 .00 UPGRADE
7053450 29 3,852.65 727.42 290.00 DELINQUENT090+
7056350 52 2,967.92 488.97 133.00 UPGRADE
7058800 0 .O0 1.00 .00 TERMED OUT
7073950 52 27,893.95 4380.Z4 .00 LEGAL
7073952 30 10,340.02 1140.24 .00 LEGAL
7073953 31 38,123.79 1.00 .00 LEGAL
7107850 16 1,164.41 1.00 153.00 DELINQUENT090+
7119150 28 3,550.42 1.00 298.77 DELINQUENT090+
7187450 29 3,821.30 649.35 .00 DELINQUENT090+
7194501 26 7,737.00 1731.18 .00 UPGRADE
7203700 0 .00 1536.13 .00 TERMED OUT
7204701 0 .00 392.20 .00 TERMED OUT
7228300 0 .00 5018.12 .00 TERMED OUT
7236100 0 .00 4368.24 .00 TERMED OUT
7236101 0 .00 1758.85 .00 TERMED OUT
7239050 29 4,649.7S 869.21 .00 LEGAL
7250301 0 .00 1.00 .00 TERMED OUT
7261000 0 .00 2557.69 353.76 TERMED OUT
7289750 17 967.52 183.67 .00 LEGAL
7294250 41 2,973.61 501.55 .00 DELINQUENT090+
7302950 53 2,926.70 450.14 129.G4 LEGAL
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
ACTUAL CURRENT PAST DUE PREPAID MONTHLY
LEASE # EQUIPMENT DESCR RECEIVALBE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT
<S> <C> <C> <C> <C> <C> <C>
7311101 MINOLTA EPA233 161.82- .00 .00 161.82 .00
7319102 VARIOUS EQUIPME 9,207.80 9,014.85 192.95 .00 200.33
7324100 N 1510 .99- .00 .00 .99 .00
7336900 SHARP SF 8570 C .00 .00 .00 .00 .00
7337800 CANON NP 6650 C 295.00 .00 295.00 .00 .00
7345100 MITA 2285 A10 .00 .00 .00 .00 .00
7347600 SHARP 83 00 COPI .00 .00 .00 .00 .00
7373250 MINOLTA 1080 3,062.04 2,701.80 360.24 .00 90.06
7404100 NITA DC 3555 CO 118.00 .00 118.00 .00 .00
7418900 MINOLTA 5400 .00 .00 .00 .00 .00
7444250 CANON NP 4835 CO 3,497.59 3,254.96 242.63 .00 112.24
7459900 1 DETECTO PCS 2 .00 .00 .00 .00 .00
7533950 KONICA 2590 2,016.20 1,800.00 216.20 .00 60.00
7850901 VARIOUS EQUIPME 6,093.10 5,526.30 566.80 .00 141.70
7945103 NINOLTA 2050 11,800.00 11,210.00 590.00 .00 295.00
8378201 MINOLTA EP 2051 1,914.89 1,980.00 .00 65.11 99.00
8649004 PWEERMAC SYSTEM 18,697.44 9,861.76 8,835.68 .00 519.04
8650620 REMANUFACTURED 20,711.95 20,670.00 41.95 .00 390.00
8758002 SHARP 2027 663.58- 4,903.60 .00 5,567.18 245.18
8777901 MINOLTA 2130 CO 311.65- 1,290.24 .00 1,601.89 53.76
8959602 VARIOUS EQUIPME 10,610.49 10,610.49 .00 .00 321.53
9058203 MINOLTA EP 4050 18,506.63 17,600.00 906.63 .00 800.00
TOP LEASES: 230 1,769,834.32 195,045.82 52,572.29
1,653,156.15 78,367.65
<CAPTION>
TRM PRESENT RESIDUAL SECURITY
REM VALUE VALUE DEPOSIT DISQUALIFICATION
<S> <C> <C> <C> <C> <C>
7311101 0 .00 994.93 405.94 TERMED OUT
7319102 45 7,891.29 1365.89 400.66 LEGAL
7324100 0 .00 828.22 270.16 TERMED OUT
7336900 0 .00 1503.32 453.00 TERMED OUT
7337800 0 .00 2048.61 629.54 TERMED OUT
7345100 0 .00 515.00 115.21 TERMED OUT
7347600 0 .00 969.83 .00 TERMED OUT
7373250 30 2,468.31 445.84 .00 DELIQUENT 090+
7404100 0 .00 753.19 236.00 TERMED OUT
7418900 0 .00 544.72 .00 TERMED OUT
7444250 29 3,076.21 576.60 224.48 UPGRADE
7459900 0 .00 .00 .00 TERMED OUT
7533950 30 1,664.44 289.39 129.90 DELIQUENT 090+
7850901 39 4,920.54 867.55 .00 DELIQUENT 090+
7945103 38 10,009.67 1806.12 .00 LEGAL
8378201 20 1,861.84 488.48 .00 UPGRADE
8649004 19 9,300.16 1.00 .00 REBOOKING
8650620 53 17,690.86 2896.04 .00 UPGRADE
8758002 20 4,610.96 1230.00 .00 PREPAYMENT
8777901 24 1,199.28 233.74 .00 PREPAYMENT
8959602 33 9,610.54 2134.05 .00 UPGRADE
9058203 22 16,454.05 3973.50 .00 UPGRADE
TOP LEASES: 230 1,471,518.65 32,022.52
287,780.16
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
<TABLE>
<CAPTION>
____ DISQUALIFICATION SEHCEULD
__ EQUIPMENT DESCR ACTUAL CURRENT PAST DUE PREPAID MONTHLY TRM
RECEIVABLE RECEIVABLE RECEIVABLE RECEIVABLE PAYMENT REM
<S> <C> <C> <C> <C> <C>
SUMMARY OF DISQUALIFIED LEASES BY TYPE OF DISQUALIFICATION
___PAYMENT 12 631.14- 60,711.78 .00 61,542.92 2,257.82
LEGAL 43 484,980.87 459,563.55 31,509.95 6,992.63 18,750.52
__ INO90+ 58 320,939.48 283,145.39 37,794.09 .00 9,365.11
TERMED OUT 61 2,285.36- .00 6,018.58 8,303.94 .00
___ PAY MONITOR 0 .00 .00 .00 .00 .00
UPGRADE 47 353,830.98 343,994.91 12,264.23 2,428.16 11,422.22
___ BOOKING 9 613,199.49 505,740.52 107,458.97.00 .00 10,776.62
TOTAL LEASES: 230 1,769,834.32 195,045.82 52,572.29
1,653,156.15 78,367.65
</TABLE>
<TABLE>
__ EQUIPMENT DESCR PRESENT RESIDUAL SECURITY DISQUALIFICATION
VALUE VALUE DEPOSIT
<S> <C> <C> <C> <C>
SUMMARY OF DISQUALIFIED
LEASES BY TYPE OF
DISQUALIFICATION
___PAYMENT 54,477.69 8,021.50 1,091.09
LEGAL 412,031.23 61,024.29 9,150.73
__ INO90+ 255.984.25 41,142.00 6,202.66
TERMED OUT .00 42,830.38 11,410.08
___ PAY MONITOR .00 .00 .00
UPGRADE 310,610.00 57,156.15 4,167.96
___ BOOKING 438,414.88 77,605.84 .00
TOTAL LEASES: 1,471,518.65 32,022.52
267,780.16
</TABLE>
SUMMARY
AVERAGE TERM REMAINING: 39 MONTHS
TOTAL MONTHLY PAYMENT: 52,572.29
TOTAL RESIDUAL VALUE: 287,780.16
TOTAL SECURITY DEPOSITS: 32,022.52
TOTAL PRESENT VALUE: 1,471,518.65
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
LEASE REPLACEMENT
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
FOR THE MONTH ENDED 02/30/97 AS OF THE _____________________
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TER,
LEASE# EQUIP DESC. AND ACTUAL PAST DUE STAT DATE NET PAYMENT
LESSEE'S NAME CODE ST CURRENT PREPAID DAYS DELIN YIELD TEM DANKA?
<S> <C> <C> <C> <C> <C> <C> <C> <C>
8489950 KONICA 4355 100 TN 15,171.75 .00 11/25/96 10.56% 37 NO 459.75
HALL, C.P. COMPANY, THE (OH) (INC.) 15,171.75 .00 12- DAYS 33
8501750 RICOH 7660 COPI 100 KS 13,732.29 .00 11/14/96 10.18% 37 NO 416.13
KANSAS MEDICAL MUTUAL INSURANCE CO INC 13,732.29 .00 1 - DAYS 33
8508050 KONICA 7050 COP 100 MI 15,968.16 .00 11/15/96 10.56% 37 NO 499.50
SUPER SALES OF AMERICA INC 16,483.50 515.34 32- DAYS 33
851150 ASCOM HASSLER 3 200 NY 11,552.00 .00 11/11/96 10.56% 37 NO 361.00
INTERPRINT ASSOC., INC. 11,913.00 361.00 28- DAYS 33
8513150 WIN 95 PENT WOR 500 CA 15,648.00 .00 11/11/96 16.01% 37 NO 489.00
PHILLIPS & SPALLAS 16,137.00 489.00 28- DAYS 33
8520554 CANON NP 6060 C 100 NY 16,105.46 473.69 11/19/96 11.20% 37 NO 473.69
DKNY JEANS/DIV OF DESIGNER HOLDINGS 15,631.77 .00 24 DAYS 33
8524250 SAVIN 9550 COPI 100 FL 13,200.00 .00 11/12/96 11.50% 37 NO 400.00
TERRACOM LTD 13,200.00 .00 1 DAYS 33
853450 COMPUTER 500 CA 16,206.72 .00 11/13/96 19.91% 37 NO 506.46
STAMPINGTON & COMPANY 16,713.18 506.46 30- DAYS 33
8545450 VARIOUS EQUIPME ZZZ IL 15,078.32 443.48 11/14/96 10.18% 37 NO 443.48
MOORE BUSINESS FORMS INC. 14,634.84 .00 29 DAYS 33
8550450 KANON NP6650II 100 NY 11,537.92 .00 11/14/96 10.56% 37 NO 360.56
WIN STUFF CORPORATION 11,898.48 360.56 31- DAYS 33
8577150 VARIOUS EQUIPME ZZZ NY 20,575.50 .00 11/22/96 10.08% 37 NO 623.50
RAPHAELA SPORTSWEAR 20,575.50 .00 9- DAYS 33
8578850 RICOM FT4527 CO 100 CT 15,246.00 .00 11/18/96 10.96% 37 NO 462.00
MICRO ENGINEERING SOLUTIONS INC. 15,246.00 .00 5- DAYS 33
5581856 KONICA 4355 COP 100 PA 16,005.00 .00 11/26/96 11.69% 37 NO 485.00
DANA PERFUMES INC. 16,005.00 .00 13- DAYS 33
8591450 KONICA 4355 COP 100 PA 12,104.00 356.00 11/25/96 11.69% 37 NO 356.00
MCS GROUP INC. 11,748,00 .00 18 DAYS 33
8593151 VARIOUS EQUIPME ZZZ NJ 23,032.02 .00 11/19/96 14.09% 37 NO 697.94
HAYT HAYT AND ANQUAU 23,032.02 .00 6- DAYS 33
8596450 VARIOUS EQUIPME ZZZ TX 12,274.68 361.02 11/19/96 19.45% 37 NO 361.02
BSI WHOLESALE PRINTING INC. 11,913.66 .00 24 DAYS 33
8599350 VARIOUS EQUIPME ZZZ NY 12,335.84 .00 01/01/97 11.53% 37 NO 384.22
RUGGIERI CONSULTING GROUP LLC 12,679.26 343.42 18- DAYS 33
8615750 RICOH 6750 COPI 100 FL 12,200.91 .00 11/21/96 15.59% 37 NO 370.00
ORANGE AVENUE OFFICE CENTER INC. 12,210.00 9.09 8-DAYS 33
<CAPTION>
LEASE# EQUIP DESC. AND ORIGINAL COST RESIDUAL VAL.
LESSEE'S NAME PRESENT VALUE SECURITY DEP.
<S> <C> <C>
8489950 KONICA 4355 15,853.45 2,378.01
HALL, C.P. COMPANY, THE (OH) (INC.) 13,741.94 919.50
8501750 RICOH 7660 COPI 14,449.00 2,167.35
KANSAS MEDICAL MUTUAL INSURANCE CO INC 12,438.14 832.26
8508050 KONICA 7050 COP 17,224.00 2,583.60
SUPER SALES OF AMERICA INC 14,930.07 1,106.44
851150 ASCOM HASSLER 3 12,448.13 1,857.22
INTERPRINT ASSOC., INC. 10,790.30 722.00
8513150 WIN 95 PENT WOR 14,814.54 1,481.45
PHILLIPS & SPALLAS 14,616.22 978.00
8520554 CANON NP 6060 C 16,144.85 2,421.73
DKNY JEANS/DIV OF DESIGNER HOLDINGS 14,158.61 .00
8524250 SAVIN 9550 COPI 13,559.32 2,033.90
TERRACOM LTD 11,956.01 .00
853450 COMPUTER 14,265.00 1,141.20
STAMPINGTON & COMPANY 15,138.10 1,012.92
8545450 VARIOUS EQUIPME 15,398.64 2,309.80
MOORE BUSINESS FORMS INC. 13,255.63 .00
8550450 KANON NP6650II 12,433.10 1,864.97
WIN STUFF CORPORATION 10,777.15 780.60
8577150 VARIOUS EQUIPME 21,687.99 3,253.20
RAPHAELA SPORTSWEAR 18,636.43 1,247.00
8578850 RICOM FT4527 CO 15,444.30 1,854.83
MICRO ENGINEERING SOLUTIONS INC. 13,809.19 .00
5581856 KONICA 4355 COP 16,385.14 2,457.77
DANA PERFUMES INC. 14,496.66 .00
8591450 KONICA 4355 COP 12,027.03 1,804.05
MCS GROUP INC. 10,640.85 .00
8593151 VARIOUS EQUIPME 21,810.56 2,131.06
HAYT HAYT AND ANQUAU 20,861.45 1,395.88
8596450 VARIOUS EQUIPME 10,240.00 819.20
BSI WHOLESALE PRINTING INC. 10,790.90 722.04
8599350 VARIOUS EQUIPME 13,294.81 1,994.22
RUGGIERI CONSULTING GROUP LLC 11,484.35 .00
8615750 RICOH 6750 COPI 11,671.92 1,750.79
ORANGE AVENUE OFFICE CENTER INC. 11,859.31 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TER,
ACTUAL PAST DUE START DATE NET
LEASE# EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD TEM
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C> <C>
0008040 NP4050 100 NJ 11,933.76 .00 01/15/97 12.59% 34
RPM CONTRACTING 12,306.69 372.93 32- DAYS 33
0011910 VARIOUS EQUIPME ZZZ MI 54,908.69 .00 01/03/97 11.87% 50
GREINER INC 56,076.96 1,168.27 20 - DAYS 48
0013170 BATTERY PACK FO 500 MA 16,015.56 .00 01/03/97 13.82% 34
NOVALINK USA CORPORATION 16,015.56 .00 10- DAYS 33
0019411 VARIOUS EQUIPME ZZZ NY 68,815.20 2,867.30 01/22/97 18.07% 25
RADIO CITY PRODUCTIONS INC 65,947.90 .00 21- DAYS 23
0058480 KONICA 1015 CCP 100 NY 5,539.89 .00 02/04/97 11.71% 49
VOLPE REALTY INC 5,657.76 117.87 21- DAYS 48
0073456 SAVIN 9220 COPI 100 CT 4,896.00 .00 02/17/97 12.35% 49
ALBERTO V ZAPPALA 4,896.00 .00 4- DAYS 48
0586054 VARIOUS EQUIP ZZZ CA 46,037.12 .00 11/01/96 11.58% 37
MCNULTY, BRISKMAN & HEATH ARCHITECT 47,475.78 1,438.66 18- DAYS 33
0622352 VARIOUS EQUIPME ZZZ WA 88,825.00 .00 09/24/96 9.17% 61
PLUSH PIPPIN CORPORATION 88,825.00 .00 11- DAYS 55
22212752 RICOH 3213 COFI 100 OH 4,605.50 .00 02/07/97 13.78% 48
CIULLA SMITH & DALE LLP 4,752.00 146.50 24- DAYS 48
2529651 SIEMENS EQUIPME 500 NY 24,792.90 .00 11/13/96 14.28% 37
LA DOLCE VITA, INC DBA MILANO VEIL 24,792.90 .00 0- DAYS 33
2752774 TOSHIBA 5540 100 NJ 14,025.00 .00 11/28/96 14.48% 37
MALDEN MILLS INDUSTRIES INC. 14,025.00 .00 15- DAYS 33
2752777 TOSHIBA 5540 Z00 NJ 14,025.00 .00 11/28/96 14.48% 37
MALDEN MILLS INDUSTRIES INC. 14,025.00 .00 15- DAYS 33
4244301 VARIOUS EQUIPME ZZZ CA 15,998.73 .00 11/26/96 15.60% 37
R&B REALTY GROUP 15,998.73 .00 13- DAYS 33
4419101 SAVIN 90501 CCP 100 FL 12,800.00 .00 11/01/96 11.01% 37
WILSON, ME CO INC 13,200.00 400.00 18- DAYS 33
4413654 NATIONAL COMPUT 500 VA 33,188.88 .00 10/14/96 13.52% 37
JFK INTERNATIONAL, INC. 34,484.48 1,295.60 31 DAYS 3Z
4413655 NATIONAL COMPUT 500 VA 34,484.48 .00 11/01/96 13.52% 37
JFK INTERNATIONAL, INC. 35,562.12 1,077.64 18 DAYS 33
4510353 NATIONAL COMPUT 500 GA 16,726.05 .00 11/20/97 15.43% 37
GODWIN & ASSOCIATES INC. 16,726.05 .00 7- DAYS 33
4974453 MINOLTA 5050 CO 100 CA 12,780.48 .00 11/05/96 12.81% 37
LOLA INC. 13,179.87 399.39 22-DAYS 33
<CAPTION>
PAYMENT ORIGINAL COST RESIDUAL VAL.
LEASE# EQUIP DESC. AND DANKA? PRESENT VALUE SECURIRITY DEP.
LESSEE'S NAME
<S> <C> <C> <C>
0008040 NP4050 NO 372.93 12,684.81 1,902.72
RPM CONTRACTING 11,146.89 .00
0011910 VARIOUS EQUIPME NO 1,168.27 48,475.93 7,271.39
GREINER INC 48,673.95 .00
0013170 BATTERY PACK FO NO 485.32 15,605.14 1,550.51
NOVALINK USA CORPORATION 14,506.23 .00
0019411 VARIOUS EQUIPME NO 2,867.30 64,002.21 9,600.33
RADIO CITY PRODUCTIONS INC 61,475.90 .00
0058480 KONICA 1015 CCP NO 117.87 4,963.00 744.45
VOLPE REALTY INC 4,910.85 235.74
0073456 SAVIN 9220 COPI NO 102.00 4,232.37 634.86
ALBERTO V ZAPPALA 4,249.65 204.00
0586054 VARIOUS EQUIP NO 1,438.66 46,861.83 4,686.19
MCNULTY, BRISKMAN & HEATH ARCHITECT 43,001.59 2,877.32
0622352 VARIOUS EQUIPME NO 1,615.00 82,732.66 8,322.28
PLUSH PIPPIN CORPORATION 75,598.12 .00
22212752 RICOH 3213 COFI NO 99.00 4,194.92 629.24
CIULLA SMITH & DALE LLP 4,124.66 .00
2529651 SIEMENS EQUIPME NO 751.30 23,405.00 2,340.50
LA DOLCE VITA, INC DBA MILANO VEIL 22,456.38 1,502.60
2752774 TOSHIBA 5540 NO 425.00 13,665.59 2,049.84
MALDEN MILLS INDUSTRIES INC. 12,703.26 .00
2752777 TOSHIBA 5540 NO 425.00 13,665.59 2,049.84
MALDEN MILLS INDUSTRIES INC. 12,703.26 .00
4244301 VARIOUS EQUIPME NO 484.81 15,289.00 2,293.35
R&B REALTY GROUP 14,490.99 .00
4419101 SAVIN 90501 CCP NO 400.00 13,680.00 2,052.00
WILSON, ME CO INC 11,956.01 .00
4413654 NATIONAL COMPUT NO 1,077.64 33,995.00 3,399.50
JFK INTERNATIONAL, INC. 31,324.17 2,155.28
4413655 NATIONAL COMPUT NO 1,077.64 33,999.00 3,399.50
JFK INTERNATIONAL, INC. 32,210.69 2,155.28
4510353 NATIONAL COMPUT NO 506.85 15,500.00 1,550.00
GODWIN & ASSOCIATES INC. 15,149.76 1,013.70
4974453 MINOLTA 5050 CO NO 399.39 13,224.83 1,983.72
LOLA INC. 11,937.78 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TER,
ACTUAL PAST DUE START DATE NET
LEASE# EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD TEM
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C> <C>
5617503 COMPUTER 500 CA 59,965.40 .00 7/30/96 10.57% 63
SURYA CORP 59,965.40 .00 17- DAYS 55
6916252 MINOLTA EP 6000 100 NJ 13,152.48 .00 11/15/96 12.81% 37
COPY RIGHT INC 13,152.48 .00 3 DAYS 33
7740650 MITA DC5590 CGP 100 MA 13,860.00 .00 08/30/96 11.14% 40
O'BRIEN-KREITZBERG INC 13,860.00 .00 7- DAYS 33
7912950 VARIOUS EQUIPME ZZZ NY 62,251.20 .00 09/13/96 11.95% 61
SAG HARBOR UNION FREE SCHOOL DIST 63,404.00 1,152.80 30- DAYS 55
7938750 OCE 2600 HIGH S 100 NV 72,032.40 .00 09/17/96 11.95% 61
ACCUPRINT & COPY 72,032.40 .00 4- DAYS 55
7940351 VARIOUS EQUIPME ZZZ WA 99,985.53 .00 09/23/96 11.59% 61
COLUMBIA LITHO INC 99,990.00 4.47 10- DAYS 55
8024156 COMPUTER 500 AZ 40,068.27 .00 11/25/96 11.58% 37
INTESYS TECHNOLOGIES, INC. 40,068.27 .00 12- DAYS 33
8086250 DESKETTER 3000 500 VT 40,036.50 .00 10/01/96 10.21% 37
MURPHY & ASSOCIATES 41,328.00 1,291.50 18- DAYS 32
8104750 VARIOUS EQUIPME ZZZ NY 11,622.14 .00 11/08/96 19.91% 37
FASTFORWARD COMMUNICATION, INC. 12,037.41 415.27 25- DAYS 33
8127350 VARIOUS EQUIPME ZZZ TX 20,218.10 594.65 11/25/96 10.37% 37
WEST OAKS HOSPITAL 19,623.45 .00 18 DAYS 33
8157452 NCL EQUIPME 500 GA 48,486.16 .00 10/07/96 13.52% 37
NOBLE SYSTEMS CORPORATION 48,663.36 177.20 6 DAYS 32
8194650 VARIOUS EQUIPME ZZZ NY 11,964.48 .00 11/01/96 13.18% 37
GERARD KLAUER MATTISON CO. 12,338.37 373.89 18- DAYS 33
8221750 COMPAQ PROLINEA 500 GA 40,580.24 .00 10/14/96 17.69% 37
GILL/BALSANO CONSULTING, LLC 41,889.28 1,309.04 31- DAYS 32
8309950 VARIOUS EQUIPME 222 MO 12,208.00 .00 11/08/96 19.32% 37
GOLDFISH STUDIOS 12,589.50 381.50 25- DAYS 33
8402550 POWERMAC 7600 S 500 CT 15,699.52 .00 11/22/96 13.17% 37
C&M MARKETING CO 16,190.13 490.61 39- DAYS 33
8410350 RICOH 5006 W/FI 100 CA 53,185.52 1,564.23 11/26/96 10.39% 37
DUNCAN HURST CAPITAL MGMT 51,621.24 .00 17 DAYS 33
8439350 POWER COMPUTING 500 CA 15,045.76 .00 11/05/96 19.91% 37
PC BUREAU INC 15,515.94 470.18 22- DAYS 33
8489250 NETWORK SWITCHE 500 NJ 29,256.81 .00 11/07/96 14.40% 37
POPULAR CLUB PLAN 29,256.81 .00 6 DAYS 33
<CAPTION>
PAYMENT ORIGINAL COST RESIDUAL VAL.
LEASE# EQUIP DESC. AND DANKA? PRESENT VALUE SECURIRITY DEP.
LESSEE'S NAME
<S> <C> <C> <C>
5617503 COMPUTER NO 1,090.28 50,930.92 2,037.23
SURYA CORP 51,035.99 2,180.56
6916252 MINOLTA EP 6000 NO 398.56 13,197.35 1,979.60
COPY RIGHT INC 11,912.97 .00
7740650 MITA DC5590 CGP NO 420.00 15,272.73 2,290.91
O'BRIEN-KREITZBERG INC 12,553.81 840.00
7912950 VARIOUS EQUIPME NO 1,152.80 56,509.80 8,476.47
SAG HARBOR UNION FREE SCHOOL DIST 53,962.56 .00
7938750 OCE 2600 HIGH S NO 1,309.68 64,200.00 9,630.00
ACCUPRINT & COPY 61,306.10 .00
7940351 VARIOUS EQUIPME NO 1,818.00 90,000.00 13,500.00
COLUMBIA LITHO INC 85,100.55 .00
8024156 COMPUTER NO 1,214.19 39,550.00 3,955.00
INTESYS TECHNOLOGIES, INC. 36,292.18 2,428.38
8086250 DESKETTER 3000 NO 1,291.50 43,050.00 4,305.00
MURPHY & ASSOCIATES 37,540.52 2,583.00
8104750 VARIOUS EQUIPME NO 364.74 10,274.00 821.92
FASTFORWARD COMMUNICATION, INC. 10,902.99 729.54
8127350 VARIOUS EQUIPME NO 594.65 20,576.00 3,036.40
WEST OAKS HOSPITAL 17,774.11 1,189.30
8157452 NCL EQUIPME NO 1,520.73 47,972.40 4,797.24
NOBLE SYSTEMS CORPORATION 44,203.63 3,041.46
8194650 VARIOUS EQUIPME NO 373.89 12,299.01 1,844.83
GERARD KLAUER MATTISON CO. 11,175.58 .00
8221750 COMPAQ PROLINEA NO 1,309.04 38,614.88 3,861.49
GILL/BALSANO CONSULTING, LLC 38,050.36 2,618.07
8309950 VARIOUS EQUIPME NO 381.50 10,842,00 867.36
GOLDFISH STUDIOS 11,403.05 763.00
8402550 POWERMAC 7600 S NO 490.61 15,566.00 1,556.60
C&M MARKETING CO 14,664.35 981.22
8410350 RICOH 5006 W/FI NO 1,564.28 54,343.09 8,447.12
DUNCAN HURST CAPITAL MGMT 46,756.38 3,128.56
8439350 POWER COMPUTING NO 470.18 13,243.00 1,059.44
PC BUREAU INC 14,053.69 940.36
8489250 NETWORK SWITCHE NO 886.57 27,567.42 2,756.74
POPULAR CLUB PLAN 26,499.60 1,672.78
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TER,
ACTUAL PAST DUE START DATE NET
LEASE# EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD TEM
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C> <C>
0008040 NP4050 100 NJ 11,933.76 .00 01/15/97 12.59% 34
RPM CONTRACTING 12,306.69 372.93 32- DAYS 33
0011910 VARIOUS EQUIPME ZZZ MI 54,908.69 .00 01/03/97 11.87% 50
GREINER INC 56,076.96 1,168.27 20- DAYS 48
0013870 BATTERY PACK FO 500 MA 16,015.56 .00 01/03/97 13.82% 34
NOVALINK USA CORPORATION 16,015.56 .00 10- DAYS 33
0019411 VARIOUS EQUIPME ZZZ NY 68,815.20 2,867.30 01/22/97 18.07% 25
RADIO CITY PRODUCTIONS INC 65,947.90 .00 21 DAYS 23
0058480 KONICA 1015 CCP 100 NY 5,539.89 .00 02/04/97 11.71% 49
VOLPE REALTY INC 5,657.76 117.87 21- DAYS 48
0073450 SAVIN 9220 COPI 100 CT 4,896.00 .00 02/17/97 12.35% 49
ALBERTO V ZAPPALA 4,896.00 .00 4- DAYS 48
0586054 VARIOUS EQUIPME ZZZ CA 46,037.12 .00 11/01/96 11.58% 37
MCNULTY, BRISKMAN & HEATH ARCHITECT 47,475.78 1,438.66 18- DAYS 33
0622352 VARIOUS EQUIPME ZZZ WA 88,825.00 .00 09/24/96 9.17% 61
PLUSH PIPPIN CORPORATION 88,825.00 .00 11- DAYS 55
2221752 RICOH 3213 COPI 100 OH 4,605.50 .00 02/07/97 13.78% 48
CIOLLA SMITH & DALE LLP 4,752.00 146.50 24- DAYS 48
2529651 SIEJMENS EQUIPME 500 NY 24,792.90 .00 11/13/96 14.28% 37
LA DOLCE VITA, INC DBA MIANO VEIL 24,792.90 .00 0 DAYS 33
2752774 TOSHIBA 5540 100 NJ 14,025.00 .00 11/28/96 14.48% 37
MALDEN MILLS INDUSTRIES INC. 14,025.00 .00 15- DAYS 33
2752777 TOSHIBA 5540 Z00 NJ 14,025.00 .00 11/28/96 14.48% 37
MALDEN MILLS INDUSTRIES INC. 14,025.00 .00 15- DAYS 33
4244301 VARIOUS EQUIPME ZZZ CA 15,998.73 .00 11/26/96 15.60% 37
R&B REALTY GROUP 15,998.73 .00 13- DAYS 33
4419301 SAVIN 90501 CCP 100 FL 12,800.00 .00 11/01/96 11.01% 37
WILSON, M E CO INC 13,200.00 400.00 18- DAYS 33
4443654 NATIONAL COMPUT 500 VA 33,188.88 .00 10/14/96 13.52% 37
JFK INTERNATIONAL, INC. 34,484.48 1,295.60 31- DAYS 32
4443655 NATIONAL COMPUT 500 VA 34,484.48 .00 11/01/96 13.52% 37
JFK INTERNATIONAL, INC. 35,562.12 1,077.64 18- DAYS 33
4510353 NATIONAL COMPUT 500 GA 16,726.05 .00 11/20/96 15.43% 37
GODWIN & ASSOCIATES INC 16,726.05 .00 7- DAYS 33
4974453 MINOLTA 5050 CO 100 CA 12,780.48 .00 11/05/96 12.81% 37
LOLA INC 13,179.07 399.39 22- DAYS 33
<CAPTION>
PAYMENT ORIGINAL COST RESIDUAL VAL.
LEASE# EQUIP DESC. AND DANKA? PRESENT VALUE SECURIRITY DEP.
LESSEE'S NAME
<S> <C> <C> <C>
0008040 NP4050 NO 372.93 12,684.81 1,902.72
RPM CONTRACTING 11,146.89 .00
0011910 VARIOUS EQUIPME NO 1,168.27 48,475.93 7,271.39
GREINER INC 48,673.95 .00
0013870 BATTERY PACK FO NO 485.32 15,605.14 1,560.51
NOVALINK USA CORPORATION 14,506.23 .00
0019411 VARIOUS EQUIPME NO 2,867.30 64,002.21 9,600.33
RADIO CITY PRODUCTIONS INC 64,475.90 .00
0058480 KONICA 1015 CCP NO 117.87 4,963.00 744.45
VOLPE REALTY INC 4,910.85 235.74
0073450 SAVIN 9220 COPI NO 102.00 4,232.37 634.86
ALBERTO V ZAPPALA 4,249.65 204.00
0586054 VARIOUS EQUIPME NO 1,438.66 48,861.83 4,686.19
MCNULTY, BRISKMAN & HEATH ARCHITECT 43,001.59 2,877.32
0622352 VARIOUS EQUIPME NO 1,615.00 82,732.66 8,322.28
PLUSH PIPPIN CORPORATION 75,598.12 .08
2221752 RICOH 3213 COPI NO 99.00 4,194.92 629.24
CIOLLA SMITH & DALE LLP 4,124.66 .00
2529651 SIEJMENS EQUIPME NO 751.30 23,405.00 2,340.50
LA DOLCE VITA, INC DBA MIANO VEIL 22,456.38 1,502.60
2752774 TOSHIBA 5540 NO 425.00 13,665.59 2,049.84
MALDEN MILLS INDUSTRIES INC. 12,703.26 .00
2752777 TOSHIBA 5540 NO 425.00 13,665.59 2,049.84
MALDEN MILLS INDUSTRIES INC. 12,703.26 .00
4244301 VARIOUS EQUIPME NO 484.81 15,289.00 2,293.35
R&B REALTY GROUP 14,490.99 .00
4419301 SAVIN 90501 CCP NO 400.00 13,680.00 2,052.00
WILSON, M E CO INC 11,956.01 .00
4443654 NATIONAL COMPUT NO 1,077.64 33,995.00 3,399.50
JFK INTERNATIONAL, INC. 31,324.17 2,155.28
4443655 NATIONAL COMPUT NO 1,077.64 33,995.00 3,399.50
JFK INTERNATIONAL, INC. 32,210.69 2,155.28
4510353 NATIONAL COMPUT NO 506.85 15,500.00 1,550.00
GODWIN & ASSOCIATES INC 15,149.76 1,013.70
4974453 MINOLTA 5050 CO NO 399.39 13,224.85 1,983.72
LOLA INC 11,937.78 .00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TER,
ACTUAL PAST DUE START DATE NET
LEASE# EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD TEM
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C> <C>
6617503 MINOLTA EP 6000 500 CA 59,965.40 .00 07/30/96 10.57% 63
SURYA CORP 59,965.40 .00 17- DAYS 55
6916252 MINOLTA EP 6000 100 NJ 13,152.48 .00 11/15/96 12.81% 37
COPY RIGHT INC 13,152.48 .00 3 DAYS 33
7740650 MITA DC5590 CGP 100 MA 13,860.00 .00 08/30/96 11.14% 40
O'BRIEN-KREITZBERG INC 13,860.00 .00 17- DAYS 33
7912950 VARIOUS EQUIPME ZZZ NY 62,251.20 .00 09/13/96 11.95% 61
SAG HARBOR UNION FREE SCHOOL DIST 63,404.00 1,152.80 30- DAYS 55
7938750 DCE 2600 HIGH S 100 NV 72,032.40 .00 09/17/96 11.95% 61
ACCUPRINT & COPY 72,032.40 .00 4- DAYS 55
7940351 VARIOUS EQUIPME ZZZ WA 99,985.53 .00 09/23/96 11.59% 61
COLUMBIA LITHO INC 99,990.00 4.47 10- DAYS 55
8024156 COMPUTER 500 AZ 40,068.27 .00 11/25/96 11.58% 37
INTESYS TECHNOLOGIES, INC. 40,068.27 .00 12- DAYS 33
8086250 DESKSETTER 3000 500 VT 40,036.50 .00 10/01/96 10.21% 37
MURPHY & ASSOCIATES 41,328.00 1,291.50 18- DAYS 32
8104750 VARIOUS EQUIPME ZZZ NY 11,622.14 .00 11/08/96 19.91% 73
FASTFORWARD COMMUNICATIONS, INC. 12,037.41 415.27 25- DAYS 33
8127350 VARIOUS EQUIPME ZZZ TX 20,218.10 594.65 11/25/96 10.37% 37
WEST OAKS HOSPITAL 19,623.45 .00 18- DAYS 33
8157452 NCL EQUIPMENT 500 GA 48,486.16 .00 10/07/96 13.52% 37
NOBLE SYSTEMS CORPORATION 48,663.36 177.29 6 DAYS 32
8194650 VARIOUS EQUIPME ZZZ NY 11,964.48 .00 11/01/96 13.18% 37
GERARD KLAUER MATTISON CO. 12,538.37 373.89 18- DAYS 33
8221750 COMPAQ PROLINEA 500 GA 40,580.24 .00 10/14/96 17.69% 73
GILL/BALSANO CONSULTING, LLC 41,889.28 1,309.04 31- DAYS 32
8309950 VARIOUS EQUIPME ZZZ MO 12,208.00 .00 11/08/96 19.32% 37
GOLDFISH STUDIOS 12,589.50 381.59 25- DAYS 33
8402250 POWERMAC 7600 S 500 CT 15,699.52 .00 11/22/96 13.17% 37
C&M MARKETING CO 16,190.13 490.61 39- DAYS 33
8410350 RICOH 5006 W/FI 100 CA 53,185.52 1,564.28 11/26/96 10.39% 37
DUNCAN HURST CAPITAL MGMT 51,621.24 .00 17 DAYS 33
8439350 POWER COMPUTING 500 CA 15,045.76 .00 11/05/96 19.91% 37
PC BUREAU INC 15,515.94 470.18 22- DAYS 33
8489250 NETWORK SWITCHE 500 NJ 29,256.81 .00 11/07/96 14.40% 37
POPULAR CLUB PLAN 29,256.81 .00 6 DAYS 33
<CAPTION>
PAYMENT ORIGINAL COST RESIDUAL VAL.
LEASE# EQUIP DESC. AND DANKA? PRESENT VALUE SECURIRITY DEP.
LESSEE'S NAME
<S> <C> <C> <C>
6617503 MINOLTA EP 6000 NO 1,090.28 50,930.92 2,037.23
SURYA CORP 51,035.99 2,180.56
6916252 MINOLTA EP 6000 398.56 13,197.35 1,979.60
COPY RIGHT INC 11,912.97 .00
7740650 MITA DC5590 CGP 420.00 15,272.73 2,290.91
O'BRIEN-KREITZBERG INC 12,553.81 840.00
7912950 VARIOUS EQUIPME 1,152.80 56,509.80 8,476.47
SAG HARBOR UNION FREE SCHOOL DIST 53,962.55 .00
7938750 DCE 2600 HIGH S 1,309.68 64,200.00 9,630.00
ACCUPRINT & COPY 61,306.10 .00
7940351 VARIOUS EQUIPME 1,818.00 90,000.00 13,500.00
COLUMBIA LITHO INC 85,100.55 .00
8024156 COMPUTER 1,214.19 39,550.00 3,955.00
INTESYS TECHNOLOGIES, INC. 36,292.18 2,428.38
8086250 DESKSETTER 3000 1,291.50 43,050.00 4,305.00
MURPHY & ASSOCIATES 37,540.52 2,583.00
8104750 VARIOUS EQUIPME 364.77 10,274.00 821.92
FASTFORWARD COMMUNICATIONS, INC. 10,902.99 729.54
8127350 VARIOUS EQUIPME 594.65 20,576.00 3,036.40
WEST OAKS HOSPITAL 17,774.11 1,189.30
8157452 NCL EQUIPMENT 1,520.73 47,972.40 4,797.24
NOBLE SYSTEMS CORPORATION 44,203.63 3,041.46
8194650 VARIOUS EQUIPME 373.89 12,299.01 1,844.85
GERARD KLAUER MATTISON CO. 11,175.58 .00
8221750 COMPAQ PROLINEA 1,309.04 38,514.88 3,861.49
GILL/BALSANO CONSULTING, LLC 38,050.36 2,618.08
8309950 VARIOUS EQUIPME 381.50 10,842.00 867.36
GOLDFISH STUDIOS 11,403.05 763.00
8402250 POWERMAC 7600 S 490.16 15,566.00 1,556.60
C&M MARKETING CO 14,664.35 981.22
8410350 RICOH 5006 W/FI 1,564.28 54,343.09 8,447.12
DUNCAN HURST CAPITAL MGMT 46,756.38 3,128.56
8439350 POWER COMPUTING 470.18 13,243.00 1,059.44
PC BUREAU INC 14,053.69 940.36
8489250 NETWORK SWITCHE NO 886.57 27,4567.42 2,756.74
POPULAR CLUB PLAN 26,499.60 1,672.78
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 11/30/96 AS OF THE DETERMINATION DATE OF 12/13/96
LEASE DISQUALIFICATION SCHEDULE
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE REPLACEMENT SCHEDULE
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
ACTUAL PAST DUE START DATE NET
LEASE# EQUIP DESC. AND CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
LESSEE'S NAME
<S> <C> <C> <C> <C> <C> <C> <C>
8489950 KONICA 4355 100 TN 15,171.75 .00 11/25/96 10.56% 37
HALL, C.P. COMPANY, THE (OH) (INC) 15,171.75 .00 12- DAYS 33
8501750 RICOH 7660 CIPI 100 KS 13,732.29 .00 11/14/96 10.18% 37
KANSAS MEDICAL MUTUAL INSURANCE CO INC. 13,732.29 .00 1- DAYS 33
8508050 KONICA 7050 COP 100 MI 15,968.16 .00 11/15/96 10.56% 37
SUPER SALES OF AMERICA INC 16,483.50 515.34 32- DAYS 33
8511150 ASCOM HASSLER 3 Z00 NY 11,552.00 .00 11/11/96 10.56% 37
INTERPRINT ASSOC., INC. 11,913.00 361.00 28- DAYS 33
8513150 WIN 95 PENT WOR 500 CA 15,648.00 .00 11/11/96 16.01% 37
PHILLIPS & SPALLAS 16,137.00 489.00 28- DAYS 33
8520554 CANON NP 6060 C 100 NY 16,105.46 473.69 11/19/96 11.20% 37
DKNY JEANS/DIV OF DESIGNER HOLDINGS 15,631.77 .00 24 DAYS 33
8524250 SAVIN 9550 COPI 100 FL 13,200.00 .00 11/12/96 11.50% 37
TERRACOM LTD 13,200.00 .00 1 DAYS 33
8535450 COMPUTER 500 CA 16,206.72 .00 11/13/96 19.91% 37
STAMPINGTON & COMPANY 16,713.18 506.46 30- DAYS 33
8545450 VARIOUS EQUIPME ZZZ IL 15,078.32 443.48 11/14/96 10.18% 37
MOORE BUSINESS FORMS INC 14,634.84 .00 29 DAYS 33
8550450 CANON NP 6650II 100 NY 11,537.92 .00 11/14/96 10.56% 37
WIN STUFF CORPORATION 11,898.48 360.56 31- DAYS 33
8577450 VARIOUS EQUIPME 222 NY 20,575.50 .00 11/22/96 10.08% 37
RAPHAELA SPORTSWEAR 20,575.50 .00 9- DAYS 33
8578850 RICOH FT4527 CO 100 CT 15,246.00 .00 11/18/96 10.96% 37
MICRO ENGINEERING SOLUTION INC 15,246.00 .00 5- DAYS 33
8581850 KONICA 4355 COP 100 PA 16,005.00 .00 11/26/96 11.69% 37
DANA PERFUMES INC. 16,005.00 .00 13- DAYS 33
8591450 KONICA 4355 COP 100 PA 12,104.00 356.00 11/25/96 11.69% 37
MCS GROUP INC 11,748.00 .00 18 DAYS 33
8593151 VARIOUS EQUIPME ZZZ NJ 23,032.02 .00 11/19/96 14.09% 37
HAYT HAYT AND LANDAU 23,032.02 .00 6- DAYS 33
8596450 VARIOUS EQUIPME ZZZ TX 12,274.68 361.02 11/19/96 19.45% 37
BSI WHOLESALE PRINTING INC. J&S 11,913.66 .00 24- DAYS 33
8599350 VARIOUS EQUIPME ZZZ NY 12,335.84 .00 01/01/97 11.53% 34
RUGGIERI CONSULTING GROUP LLC 12,679.26 343.42 18- DAYS 33
8615760 RICOH 6750 COPI 100 FL 12,200.91 .00 11/21/96 15.59% 37
ORANGE AVENUE OFFICE CENTER INC. 12,210.00 9.09 8- DAYS 33
<CAPTION>
PAYMENT ORIGINAL COST RESIDUAL VAL.
LEASE# EQUIP DESC. AND DANKA? PRESENT VALUE SECURIRITY DEP.
LESSEE'S NAME
<S> <C> <C> <C>
8489950 KONICA 4355 459.75 15,853.45 2,378.01
HALL, C.P. COMPANY, THE (OH) (INC) NO 13,741.94 919.50
8501750 RICOH 7660 CIPI 416.13 14.449.00 2,167.35
KANSAS MEDICAL MUTUAL INSURANCE CO INC. NO 12,438.14 832.26
8508050 KONICA 7050 COP 499.50 17,224.00 2,583.60
SUPER SALES OF AMERICA INC NO 14,930.07 1,106.44
8511150 ASCOM HASSLER 3 361.00 12,448.13 1,867.22
INTERPRINT ASSOC., INC. NO 10,790.30 722.00
8513150 WIN 95 PENT WOR 489.00 14,814.54 1,481.45
PHILLIPS & SPALLAS NO 14,616.22 978.00
8520554 CANON NP 6060 C 473.69 16,144.85 2,421.73
DKNY JEANS/DIV OF DESIGNER HOLDINGS NO 14,158.61 .00
8524250 SAVIN 9550 COPI 400.00 13,559.32 2,033.90
TERRACOM LTD NO 11,956.01 .00
8535450 COMPUTER 506.46 14,265.00 1,141.20
STAMPINGTON & COMPANY NO 15,138.10 1,012.92
8545450 VARIOUS EQUIPME 443.48 15,398.64 2,309.80
MOORE BUSINESS FORMS INC NO 13,255.63 .00
8550450 CANON NP 6650II 360.56 12,433.10 1,864.97
WIN STUFF CORPORATION NO 10,777.15 780.60
8577450 VARIOUS EQUIPME 623.50 21,687.99 3,253.20
RAPHAELA SPORTSWEAR NO 18,636.43 1,247.00
8578850 RICOH FT4527 CO 462.00 15,444.30 1,854.73
MICRO ENGINEERING SOLUTION INC NO 13,809.19 .00
8581850 KONICA 4355 COP 485.00 16,385.14 2,457.77
DANA PERFUMES INC. NO 14,496.66 .00
8591450 KONICA 4355 COP 356.00 12,027.03 1,804.05
MCS GROUP INC NO 10,640.85 .00
8593151 VARIOUS EQUIPME 697.94 21,810.56 2,181.05
HAYT HAYT AND LANDAU NO 20,861.45 .00
8596450 VARIOUS EQUIPME 361.02 10,240.00 819.20
BSI WHOLESALE PRINTING INC. J&S NO 10,790.00 722.04
8599350 VARIOUS EQUIPME 384.22 13,294.81 1,994.22
RUGGIERI CONSULTING GROUP LLC NO 11,484.35 .00
8615760 RICOH 6750 COPI 370.00 11,671.92 1,750.79
ORANGE AVENUE OFFICE CENTER INC. NO 11,059.31 .00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RECEIVABLES RECEIVABLES TERM
LEASE # EQUIP DESC. AND ACTUAL PAST DUE START DATE NET
LESSEE'S NAME CODE ST CURRENT PREPAID DAYS DELIN YIELD REM
<S> <C> <C> <C> <C> <C> <C> <C>
???8150 DAYSTAR GENESIS 500 NY 12,096.64 .00 11/22/96 14.09% 37
DOFF, KIRK ILLUSTRATOR 12,474.66 378.02 39- DAYS 33
???9450 TOSHIBA 3550 CO 100 NJ 13,490.40 .00 11/25/96 11.50% 37
APPLIED SYSTEMS TECHNOLOGY INC 13,490.40 .00 12- DAYS 33
???9050 COMPUQUICK EQUI 500 TX 25,005.09 .00 11/25/96 12.36% 37
BARNES AND HALE INC. 25,005.09 .00 12- DAYS 33
??43450 SHARP 2035/FEED 100 WA 15,246.00 .00 11/25/96 10.32% 37
PACIFIC NORTHERN CONSTRUCTION, INC. 15,246.00 .00 12- DAYS 33
??43650 RISO GR3750/STN 100 NY 19,584.18 .00 11/25/96 15.03% 37
GION INC J/S GALICIA FISHING CORP 19,584.18 .00 12- DAYS 33
??44050 PANASONC 7160 100 CO 14,380.98 422.97 11/26/96 10.56% 37
?EARA FORD CENTER INC 13,958.01 .00 17 DAYS 33
??44250 MITA DC-6590 CO 100 NY 71,907.00 .00 11/25/96 9.99% 37
?RO RSCG HOLDINGS INC 71,907.00 .00 12- DAYS 33
???7350 SUPERMAC S900 2 500 MA 13,545.18 .00 11/25/96 19.93% 37
?RTUAL FACTORY, INC. 13,545.18 .00 12- DAYS 33
??89250 CLC 300 COPIER 100 CT 23,253.58 813.58 11/27/96 10.37% 37
VERICK GROUP, THE 22,440.00 .00 16 DAYS 33
??81150 NP 4050 CANON C 100 NY 12,096.00 .00 01/01/97 12.17% 37
A CLINICAL TRIAL SERVICES 12,474.00 378.00 18- DAYS 33
??15850 SAVIN 9940DP CO 100 KY 11,880.00 .00 01/28/97 11.74% 37
?AR CORP 11,880.00 .00 15- DAYS 33
TOTAL LEASES: 65 1,640,476.37 7,896.97
1,648,403.61 15,824.21
<CAPTION>
LEASE # EQUIP DESC. AND PAYMENT ORIGINAL COST RESIDUAL VALUE
LESSEE'S NAME DANKA PRESENT VALUE SECURITY DEP.
<S> <C> <C> <C>
???8150 DAYSTAR GENESIS 378.02 11,813.00 1,181.30
DOFF, KIRK ILLUSTRATOR NO 11,299.03 756.04
???9450 TOSHIBA 3550 CO 408.80 13,857.61 2,078.64
APPLIED SYSTEMS TECHNOLOGY INC NO 12,219.04 .00
???9050 COMPUQUICK EQUI 757.73 24,364.31 2,436.43
BARNES AND HALE INC. NO 22,648.57 1,515.46
??43450 SHARP 2035/FEED 462.00 15,986.16 2,379.92
PACIFIC NORTHERN CONSTRUCTION, INC. NO 13,809.19 599.77
??43650 RISO GR3750/STN 593.46 18,900.00 2,835.00
GION INC J/S GALICIA FISHING CORP NO 17,738.54 1,186.92
??44050 PANASONC 7160 422.97 14,585.00 2,187.75
?EARA FORD CENTER INC NO 12,642.59 845.94
??44250 MITA DC-6590 CO 2,179.00 75,923.34 11,388.50
?RO RSCG HOLDINGS INC NO 65,130.37 2,179.00
???7350 SUPERMAC S900 2 410.46 11,562.34 932.18
?RTUAL FACTORY, INC. NO 12,268.66 820.92
??89250 CLC 300 COPIER 680.00 23,529.41 3,529.41
VERICK GROUP, THE NO 20,325.22 1,350.00
??81150 NP 4050 CANON C 378.00 12,945.20 1,941.78
A CLINICAL TRIAL SERVICES NO 11,298.43 .00
??15850 SAVIN 9940DP CO 360.00 12,413.79 1,862.07
?AR CORP NO 10,760.41 .00
TOTAL LEASES: 65 45,644.90 1,589,213.42 200,860.82
1,471,529.91 52,220.85
</TABLE>
- - - - - - - - - - - - - S U M M A R Y - - - - - - - - - - - -
AVERAGE TERM REMAINING: 34 MONTHS
TOTAL MONTHLY PAYMENT: 45,644.90
TOTAL RESIDUAL VALUE: 200,860.82
TOTAL SECURITY DEPOSITS: 52,220.85
TOTAL PRESENT VALUE: 1,471,529.91
<PAGE>
TRANSACTION
CASH FLOW
<PAGE>
<TABLE>
<CAPTION>
Copelco Capital
CCFC 11-96
Amortization Schedule
Month Cash Flow Interest Service Principal Principal
Fees Reduction Balance
<S> <C> <C> <C> <C> <C> <C>
196,913,374.17
8 Mar-97 6,707,808.45 1,045,166.96 123,070.86 5,539,570.63 191,373,803.54
9 Apr-97 6,724,041.32 1,015,764.31 119,608.63 5,588,668.39 185,785,135.15
10 May-97 6,713,779.31 988,101.05 116,115.71 5,611,562.55 180,173,572.60
11 Jun-97 6,739,304.98 956,316.28 112,608.48 5,670,380.22 174,503,192.39
12 Jul-97 6,711,884.88 926,219.32 109,064.50 5,676,601.07 168,826,591.32
13 Aug-97 6,686,634.79 896,089.34 105,516.62 5,685,028.83 163,141,562.49
14 Sep-97 6,675,603.13 865,914.63 101,963.48 5,707,725.03 157,433,837.47
15 Oct-97 6,689,484.45 835,619.45 98,396.15 5,755,468.85 151,678,368.62
16 Nov-97 6,667,780.09 805,070.86 94,798.98 5,767,910.25 145,910,458.37
17 Dec-97 6,653,054.71 774,456.24 91,194.04 5,787,414.44 140,123,043.93
18 Jan-98 6,660,754.30 743,738.09 87,576.90 5,829,439.31 134,293,604.62
19 Feb-98 6,631,375.96 712,796.88 83,933.50 5,834,645.58 128,458,959.04
20 Mar-98 6,596,237.15 681,828.04 80,286.85 5,834,122.26 122,624,836.78
21 Apr-98 6,613,972.27 650,861.98 76,640.52 5,886,469.77 116,738,367.01
22 May-98 6,593,494.15 619,618.07 72,961.48 5,900,914.60 110,837,452.41
23 Jun-98 6,609,848.83 588,297.49 69,273.41 5,952,277.93 104,885,174.47
24 Jul-98 6,555,491.93 556,704.28 65,553.23 5,933,234.41 98,951,940.06
25 Aug-98 6,497,524.86 525,212.16 61,844.96 5,910,467.74 93,041,472.32
26 Sep-98 6,375,233.35 493,840.87 58,150.92 5,823,241.56 87,218,230.77
27 Oct-98 6,126,982.10 462,932.56 54,511.39 5,609,538.14 81,608,692.63
28 Nov-98 5,894,974.19 433,158.54 51,005.43 5,410,810.22 76,197,882.41
29 Dec-98 5,626,371.90 404,439.31 47,623.68 5,174,308.91 71,023,573.50
30 Jan-99 5,277,234.97 376,975.37 44,389.73 4,855,869.86 66,167,703.63
31 Feb-99 4,991,248.90 351,201.63 41,354.81 4,598,692.46 61,569,011.17
32 Mar-99 4,625,512.60 326,792.92 38,480.63 4,260,239.05 57,308,772.13
33 Apr-99 4,491,126.22 304,180.64 35,817.98 4,151,127.60 53,157,644.52
34 May-99 4,214,784.00 282,147.49 33,223.53 3,899,412.98 49,258,231.54
35 Jun-99 3,935,052.76 261,450.38 30,786.39 3,642,815.99 45,615,415.55
36 Jul-99 3,573,216.19 242,115.22 28,509.63 3,302,591.33 42,312,824.22
37 Aug-99 3,317,318.34 224,585.89 26,445.52 3,066,286.93 39,246,537.29
38 Sep-99 3,134,526.69 208,310.81 24,529.09 2,901,686.80 36,344,850.49
39 Oct-99 3,012,993.32 192,909.38 22,715.53 2,797,368.41 33,547,482.08
40 Nov-99 2,877,993.32 178,061.65 20,967.18 2,678,964.50 30,868,517.59
41 Dec-99 2,725,976.76 163,842.37 19,292.92 2,542,841.56 28,325,676.02
42 Jan-2000 2,626,605.67 150,345.61 17,703.55 2,458,556.52 25,867,119.51
43 Feb-2000 2,532,383.61 137,296.20 16,166.95 2,378,920.46 23,488,199.05
44 Mar-2000 2,403,369.15 124,669.49 14,680.12 2,264,019.54 21,224,179.52
45 Apr-2000 2,326,246.70 112,652.64 13,265.11 2,200,328.95 19,023,850.57
46 May-2000 2,235,387.70 100,973.84 11,889.91 2,122,523.95 16,901,326.62
47 Jun-2000 2,132,862.61 89,708.02 10,563.33 2,032,591.26 14,868,735.35
48 Jul-2000 2,033,532.85 78,919.53 9,292.96 1,945,320.36 12,923,414.99
49 Aug-2000 1,916,081.26 68,594.26 8,077.13 1,839,409.87 11,084,005.12
50 Sep-2000 1,843,450.59 58,831.13 6,927.50 1,777,691.96 9,306,313.16
51 Oct-2000 1,753,841.78 49,395.58 5,816.45 1,698,629.75 7,607,683.41
52 Nov-2000 1,604,973.13 40,379.68 4,754.80 1,559,838.65 6,047,844.77
53 Dec-2000 1,409,964.97 32,100.45 3,779.90 1,374,084.62 4,673,760.15
54 Jan-2001 1,226,259.45 24,807.15 2,921.10 1,198,531.20 3,475,228.95
55 Feb-2001 1,029,964.39 18,445.65 2,172.02 1,009,346.73 2,465,882.22
56 Mar-2001 818,490.48 13,088.29 1,541.18 803,861.02 1,662,021.20
57 Apr-2001 755,636.60 8,821.59 1,038.76 745,776.24 916,244.96
58 May-2001 591,111.98 4,863.20 572.65 585,676.13 330,568.83
59 Jun-2001 409,486.24 1,754.58 206.61 407,525.06 (76,956.23)
60 Jul-2001 218,763.00 (408.46) (48.10) 219,219.56 (296,175.79)
61 Aug-2001 68,654.39 (1,572.03) (185.11) 70,411.53 (366,587.32)
62 Sep-2001 38,680.12 (1,945.75) (229.12) 40,854.99 (407,442.31)
63 Oct-2001 25,095.98 (2,162.60) (254.65) 27,513.23 (434,955.54)
64 Nov-2001 21,294.62 (2,308.84) (271.85) 23,875.10 (458,830.64)
65 Dec-2001 17,253.72 (2,435.36) (286.77) 19,975.85 (478,806.49)
66 Jan-2002 14,617.59 (2,541.39) (299.25) 17,458.23 (496,264.72)
67 Feb-2002 9,637.95 (2,634.05) (310.17) 12,582.16 (508,846.89)
68 Mar-2002 10,467.39 (2,700.83) (318.03) 13,486.25 (522,333.14)
69 Apr-2002 5,493.11 (2,772.41) (326.46) 8,591.98 (530,925.12)
70 May-2002 5,493.11 (2,818.02) (331.83) 8,642.96 (539,568.07)
71 Jun-2002 5,493.11 (2,863.89) (337.23) 8,694.23 (548,262.31)
72 Jul-2002 5,493.11 (2,910.04) (342.66) 8,745.81 (557,008.12)
73 Aug-2002 5,069.62 (2,956.46) (348.13) 8,374.21 (565,382.33)
74 Sep-2002 5,069.62 (3,000.91) (353.36) 8,423.89 (573,806.22)
75 Oct-2002 3,930.61 (3,045.62) (358.63) 7,334.86 (581,141.08)
76 Nov-2002 3,630.61 (3,084.55) (363.21) 7,078.37 (588,219.46)
77 Dec-2002 3,216.61 (3,122.12) (367.64) 6,706.37 (594,925.82)
78 Jan-2003 3,216.61 (3,157.72) (371.83) 6,746.16 (601,671.98)
79 Feb-2003 3,216.61 (3,193.52) (376.04) 6,786.18 (608,458.16)
80 Mar-2003 2,646.13 (3,229.54) (380.29) 6,255.96 (614,714.12)
81 Apr-2003 2,646.13 (3,262.75) (384.20) 6,293.08 (621,007.20)
82 May-2003 2,646.13 (3,296.15) (388.13) 6,330.41 (627,337.61)
83 Jun-2003 520.14 (3,329.75) (392.09) 4,241.98 (631,579.58)
84 Jul-2003
220,060,526.35 20,143,614.76 2,371,957.84 197,544,953.75
</TABLE>
<PAGE>
CASH
SUMMARY
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATED PRINTED: 03/14/97 3:51 PM
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
0044651 1,330.81 TERMED OUT
0491903 3,338.86 UPGRADE
0491904 2,099.44 UPGRADE
0491905 1,235.32 UPGRADE
0491906 463.50 UPGRADE
0491907 643.29 UPGRADE
0491908 936.53 UPGRADE
0731351 2,616.58 REBOOKED
0919951 1,463.13 UPGRADE
1052301 1,371.29 REBOOKED
1053402 1,385.50 TERMED OUT
1193550 20.48- TERMED OUT
1222952 1.00 TERMED OUT
1228302 1,341.68 UPGRADE
1910551 .02 TERMED OUT
1955602 742.42 REBOOKED
1955603 1,917.00 REBOOKED
2020854 .02 TERMED OUT
2040851 1,502.79 UPGRADE
2086251 .00 TERMED OUT
2146651 381.50 UPGRADE
2892853 925.37 UPGRADE
3027354 .01 TERMED OUT
3086851 66.37 TERMED OUT
3175515 .00 TERMED OUT
3251451 .00 TERMED OUT
3310750 823.58 PREPAYMENTS
3346652 1,997.87 TERMED OUT
3519150 .00 TERMED OUT
3554650 .02 TERMED OUT
3596450 59.96 TERMED OUT
3625750 .00 TERMED OUT
3628552 .00 TERMED OUT
3643050 .00 TERMED OUT
3682254 5,253.07 UPGRADE
3959151 3,616.84 UPGRADE
4027451 161.89 TERMED OUT
4258150 40.29 PREPAYMENTS
4295052 1,459.00 UPGRADE
4295056 1,052.07 UPGRADE
4386950 4,282.95 UPGRADE
4396950 64.42 UPGRADE
4434650 1,181.04 UPGRADE
4518350 1,638.36 UPGRADE
4519090 1,161.25 UPGRADE
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATED PRINTED: 03/14/97 3:51 PM
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
4603050 525.27 UPGRADE
4629651 132.01 PREPAYMENTS
4720150 1,187.80 PREPAYMENTS
4860750 7.75- UPGRADE
4884251 281.66 TERMED OUT
4910950 1,882.29 UPGRADE
4955450 7,285.82 UPGRADE
5225650 3,529.42 UPGRADE
5231150 672.40 UPGRADE
5250150 536.02 PREPAYMENTS
5253750 56.68 UPGRADE
5362750 1,694.07 UPGRADE
5428850 569.78 UPGRADE
5443050 183.85 UPGRADE
5461350 5,262.18 UPGRADE
5488650 812.90 UPGRADE
5586350 838.18 UPGRADE
5588850 100.00 TERMED OUT
5633150 .00 TERMED OUT
5653950 312.82 TERMED OUT
5659250 2,724.92 PREPAYMENTS
5715350 165.91 TERMED OUT
5761550 99.96 TERMED OUT
5782550 1,162.24 TERMED OUT
5789950 420.01 TERMED OUT
5797750 .02 TERMED OUT
5804750 .00 TERMED OUT
5805450 279.84 TERMED OUT
5806950 .01 TERMED OUT
5807450 .01 TERMED OUT
5812050 .00 TERMED OUT
5815550 21.45 TERMED OUT
5838450 .00 TERMED OUT
5850750 552.32 UPGRADE
5852550 .00 TERMED OUT
5862750 .00 TERMED OUT
5865750 62.11 UPGRADE
5868750 527.18 TERMED OUT
5876450 1,481.35 PREPAYMENTS
5881652 68,168.91 REBOOKED
5883550 439.78 TERMED OUT
5884750 3.48 TERMED OUT
5903350 2,467.25 UPGRADE
5938150 .00 TERMED OUT
5942150 156.42 TERMED OUT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015 DATED PRINTED: 03/14/97 3:51 PM
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE # RESIDUAL COLLECTED CLOSEOUT TYPE
6405150 1.00 UPGRADE
6440350 374.55 REBOOKED
6541609 .00 TERMED OUT
6652050 718.37 REBOOKED
6721350 909.65 UPGRADE
6769350 638.87 PREPAYMENTS
6779450 3,645.93 PREPAYMENTS
6916250 1,695.72 REBOOKED
6916550 363.43 PREPAYMENTS
7034800 .00 TERMED OUT
7044550 1,102.01 UPGRADE
7053250 649.61 UPGRADE
7056350 616.06 UPGRADE
7058800 1.01 TERMED OUT
7194501 1,926.85 UPGRADE
7203700 26.97 TERMED OUT
7204701 .00 TERMED OUT
7228300 740.00 TERMED OUT
7236100 .00 TERMED OUT
7236101 265.00 TERMED OUT
7250301 .02 TERMED OUT
7261000 .00 TERMED OUT
7311101 994.93 TERMED OUT
7324100 .99 TERMED OUT
7336900 .00 TERMED OUT
7337800 .00 TERMED OUT
7345100 .00 TERMED OUT
7347600 .00 TERMED OUT
7404100 .00 TERMED OUT
7418900 .00 TERMED OUT
7444250 611.68 UPGRADE
7459900 .00 TERMED OUT
8378201 539.48 UPGRADE
8649004 1.00 REBOOKED
8650620 3,781.14 UPGRADE
8758002 1,333.08 PREPAYMENTS
8777901 663.74 PREPAYMENTS
8959602 2,366.59 UPGRADE
9058203 4,687.36 UPGRADE
PREPAYMENTS 13,571.02
TERMED OUT 10,982.70
UPGRADE 77,618.61
REBOOKED 77,605.84
GRAND TOTAL 179,778.17
<PAGE>
DELINQUENCY
REPORT
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
0159401 35 1,452.73 60.46 60.46
0189851 48 4,422.58 114.50 114.50
0289751 41 4,580.68 114.08 114.08
0302151 51 1,028.38 50.00 50.00
0342302 48 4,330.14 133.94 133.94
0615501 72 3,690.95 196.26 196.26 392.52
0698904 58 21,744.40 769.99 769.99
0805101 80 4,818.07 224.72 224.72 449.44
0880801 59 1,741.62 70.00 70.00
1045652 38 5,145.68 240.00 240.00
1074801 31 5,506.77 195.00 195.00
1156052 62 11,892.51 604.00 604.00 1,208.00
1203204 71 2,877.73 129.00 129.00 258.00
1212802 77 11,243.22 504.00 504.00 1,008.00
1220401 82 1,821.98 310.00 310.00 620.00
1252705 49 566.21 31.60 31.60
1298302 39 60,829.34 1,319.86 1,319.86
1528952 30 3,566.82 84.10 84.10
1553251 33 4,126.98 185.00 185.00
1664751 85 4,553.80 177.00 177.00 354.00
1940651 48 6,489.03 168.00 168.00
1952851 30 20,262.79 1,077.44 1,077.44
1994851 31 2,054.84 135.00 135.00
2078751 80 26,388.33 669.00 669.00 1,339.80
2108454 44 1,850.82 94.00 94.00
2230351 32 17,762.51 434.18 43.18
2314251 78 2,087.80 93.59 93.59 187.18
2353951 44 1,963.10 88.00 88.00
2636651 35 16,352.13 1,540.00 1,540.00
2648402 30 7,928.11 251.52 251.52
2690056 43 8,112.59 296.00 296.00
2722351 46 24,062.98 763.40 763.40
2951753 37 2,070.33 121.61 121.61
3070552 35 2,162.47 100.86 100.86
3035056 43 8,442.70 428.79 428.79
3085057 43 5,628.07 285.84 285.84
3215251 38 2,230.80 100.00 100.00
3378951 33 714.69 53.35 53.35
3420068 77 1,297.59 85.25 85.25 170.50
3451052 41 1,028.10 60.39 60.39
3500150 57 123.48 62.29 62.29
3518153 54 3,301.09 160.50 160.50
3614352 44 2,470.90 106.64 106.64
3614353 44 3,003.49 125.00 125.00
3714950 56 5,946.49 415.51 415.51
3750503 31 53,256.27 2,070.00 2,070.00
3754451 82 2,460.32 137.31 137.31 274.62
3784750 89 14,383.30 405.00 405.00 810.00
3850550 51 9,897.36 361.12 361.12
3922451 81 49,487.87 1,256.31 1,256.31 2,512.62
4000601 48 8,795.75 215.00 215.00
4073169 38 1,009.88 45.27 45.27
4196951 35 11,282.18 662.71 662.71
4199650 72 3,529.48 207.32 207.32 414.64
4210250 36 1,721.21 64.78 64.78
4239050 59 18,499.99 675.00 675.00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
4245150 35 20,163.11 1,250.00 1,250.00
4255201 67 7,950.33 198.00 198.00 396.00
4256953 42 4,915.27 191.05 191.05
4268550 31 1,775.45 64.78 64.78
4345650 52 2,031.45 119.32 119.32
4346951 32 9,537.06 666.40 666.40
4374350 46 3,290.46 193.28 193.28
4383550 69 2,508.36 147.34 147.34 294.68
4398402 32 15,466.80 752.00 752.00
4406750 42 1,853.10 108.85 108.85
4409450 46 1,559.77 91.62 91.62
4453550 35 5,244.14 185.70 185.70
4452350 33 4,377.18 155.00 155.00
4503650 37 1,157.65 68.00 68.00
4504850 78 5,957.76 210.97 210.97 421.94
4508250 36 1,272.57 74.75 74.75
4508651 30 7,383.60 375.00 375.00
4516050 42 6,765.66 377.59 377.59
4522250 52 1,838.39 102.60 102.60
4524650 32 8,242.28 460.00 460.00
4526450 78 1,182.59 66.00 66.00 132.00
4545750 31 19,281.05 520.00 520.00
4567050 59 3,422.34 191.00 191.00
4568650 65 1,983.88 110.72 110.72 221.44
4570652 43 6,882.89 154.22 154.22
4587252 38 635.28 33.78 33.78
4598052 34 19,314.79 425.80 425.80
4629150 42 2,607.43 145.52 145.52
4631350 53 1,040.94 55.35 55.35
4652850 76 694.34 101.56 101.56 203.12
4652950 79 4,121.14 230.00 230.00 460.00
4659550 64 2,096.41 117.00 117.00 234.00
4671750 31 3,214.49 179.40 179.40
4702750 41 3,675.42 178.70 178.70
4705450 35 5,597.42 198.21 198.21
4719150 37 3,497.05 185.95 185.95
4726250 63 1,343.85 75.00 75.00 150.00
4735550 66 1,297.64 69.00 69.00 138.00
4736250 35 16,181.43 573.00 573.00
4738350 80 4,925.78 261.92 261.92 523.84
4738550 62 745.93 41.63 41.63 83.26
4739750 36 5,083.46 131.61 131.61
4746050 34 20,213.09 533.97 533.97
4750365 41 2,955.57 101.68 101.68
4753250 31 1,965.60 109.70 109.70
4758750 50 4,301.97 228.75 228.75
4761350 33 17,935.39 473.80 473.80
4783750 49 1,861.84 99.00 99.00
4791650 31 1,612.62 90.00 90.00
4793250 70 9,510.85 327.20 327.20 654.40
4807250 88 2,271.26 60.00 60.00 120.00
4807251 38 3,071.28 86.48 86.48
4829850 56 13,028.27 337.30 337.30
4838050 86 8,387.66 446.00 446.00 892.00
4839450 42 1,635.12 79.50 79.50
4845450 55 2,607.51 138.65 138.65
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
4848750 69 1,752.37 89.00 89.00 178.00
4854651 58 34,179.21 792.00 792.00
4870050 50 1,311.75 69.75 69.75
4875250 79 1,640.80 96.38 96.38 192.76
4883250 67 1,805.42 96.00 96.00 192.00
4889550 48 1,730.94 92.04 92.04
4905250 45 5,138.98 261.00 261.00
4907050 60 7,451.57 192.92 192.92 385.84
4925150 37 940.32 50.00 50.00
4925350 40 1,354.06 72.00 72.00
4928350 41 5,472.67 291.00 291.00
4931650 34 2,982.30 145.00 145.00
4934550 40 11,415.49 607.00 607.00
4938450 37 2,361.87 110.16 110.16
4958150 36 2,995.86 159.30 159.30
4961350 83 716.57 82.00 82.00 164.00
4964850 70 1,845.11 93.71 93.71 187.42
4985651 39 3,108.56 104.00 104.00
4991150 30 14,621.99 777.50 777.50
4999452 89 1,828.38 92.86 92.86 185.72
5011351 54 2,580.71 131.07 131.07
5011650 30 5,896.09 275.00 275.00
5015750 81 1,165.71 39.00 39.00 78.00
5032151 50 2,752.86 107.00 107.00
5034150 32 901.00 45.76 45.76
5035550 31 907.49 46.09 46.09
5049351 68 3,537.66 165.00 165.00 330.00
5059450 58 6,893.50 175.00 175.00
5059451 58 3,351.42 85.08 85.08
5068150 40 19,432.47 475.00 475.00
5068950 32 4,187.29 140.09 140.09
5072450 87 6,537.58 293.06 293.06 586.12
5073450 37 3,202.37 155.70 155.70
5075350 87 7,602.55 193.00 193.00 386.00
5094250 83 7,641.94 194.00 194.00 388.00
5095850 53 589.86 67.50 67.50
5118250 45 1,949.27 99.00 99.00
5119850 77 13,301.06 445.00 445.00 890.00
5126051 82 1,957.80 169.51 169.51 339.02
5130950 38 8,030.20 407.84 407.84
5142351 31 2,748.03 133.61 133.61
5142550 33 2,612.08 127.00 127.00
5152051 45 16,853.89 445.23 445.23
5158050 30 4,729.64 240.21 240.21
5164650 44 2,383.09 133.00 133.00
5181951 38 984.48 50.00 50.00
5191450 84 1,076.71 52.35 52.35 104.70
5192350 69 1,869.33 94.94 94.94 189.88
5195051 30 1,487.03 37.75 37.75
5199150 47 4,952.56 161.28 161.28
5199250 77 4,952.56 161.28 161.28 322.56
5208150 84 2.186.92 102.00 102.00 204.00
5222650 55 5,835.63 283.73 283.73
5223650 63 1,124.22 54.66 54.66 109.32
5225250 53 4,879.67 247.83 247.83
5227450 34 11,003.64 535.00 535.00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
5234150 42 3,616.57 162.12 162.12
5235950 32 10,555.98 536.12 536.12
5236450 32 1,082.93 55.00 55.00
5244050 30 6,871.67 349.00 349.00
5244550 37 1,436.50 67.00 67.00
5248050 38 57,872.81 1,441.30 1,441.30
5254250 49 1,028.38 50.00 50.00
5270550 59 4,055.10 197.16 197.16
5277850 50 3,362.21 104.00 104.00
5300105 67 1,310.87 77.00 77.00 154.00
5301450 55 21,384.92 513.28 513.28
5301550 55 4,095.47 217.77 217.77
5307950 41 6,122.96 297.70 297.70
5322750 53 21,027.83 523.69 523.69
5322751 53 2,678.33 124.92 124.92
5322752 49 2,769.66 104.24 104.24
5333450 47 2,838.32 138.00 138.00
5359550 48 4,278.05 208.00 208.00
5353250 33 17,040.62 424.39 424.39
5354150 47 4,265.71 207.40 207.40
5378150 39 2,757.29 119.00 119.00
5378250 34 3,464.52 184.22 184.22
5378450 68 4,463.16 217.00 217.00 434.00
5395450 39 6,853.35 170.68 170.68
5404001 54 13,925.66 353.52 353.52
5422650 69 1,707.11 83.00 83.00 166.00
5446750 32 1,446.10 70.31 70.31
5468750 41 2,379.66 110.99 110.99
5469550 55 2,676.96 120.00 120.00
5482050 59 1,479.38 69.00 69.00
5514750 63 3,290.81 160.00 160.00 320.00
5518250 45 7,919.60 251.25 251.25
5522150 36 1,818.14 84.80 84.80
5528050 86 10,227.62 250.00 250.00 500.00
5545750 30 6,151.15 256.00 256.00
5551950 51 1,356.10 63.25 63.25
5561551 51 923.07 44.88 44.88
5570350 50 23,298.51 569.50 569.50
5573150 48 1,859.31 86.72 86.72
5575750 81 5,069.22 123.91 123.91 247.82
5532150 48 5,845.45 296.88 296.88
5535004 53 5,257.12 267.00 267.00
5605150 47 6,110.18 189.00 189.00
5614250 59 2,553.99 79.00 79.00
5614251 55 3,726.73 155.10 155.10
5614252 55 1,013.65 38.15 38.15
5618150 38 3,977.18 185.50 185.50
5632750 50 6,823.39 318.25 318.25
5633550 54 6,982.40 313.00 313.00
5635850 47 1,782.85 79.92 79.92
5642050 30 23,477.18 1,095.00 1,095.00
5643250 51 9,367.15 224.83 224.83
5652950 33 2,743.88 123.00 123.00
5664350 54 5,063.91 227.00 227.00
5674050 65 102,697.05 2,011.50 2,011.50 4,023.00
5705350 60 5,880.66 274.28 274.28 548.56
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
5706450 78 5,556.92 249.10 249.10 498.20
5724651 50 26,219.40 1,222.90 1,222.90
5729101 60 5,658.58 143.65 143.65 287.30
5734302 84 1,391.81 67.67 67.67 135.34
5734450 84 3,368.51 151.00 151.00 302.00
5737850 76 2,699.27 121.00 121.00 242.00
5741950 59 3,011.58 135.00 135.00
5751250 58 3,599.32 175.00 175.00
5753350 54 5,441.94 168.33 168.33
5758250 45 3,338.84 149.67 149.67
5804913 36 6,296.63 593.00 593.00
5804914 36 3,661.50 344.83 344.83
5817950 52 1,985.41 89.00 89.00
5820850 41 3,435.88 154.02 154.02
5820851 71 1,685.42 72.74 72.74 145.48
5830250 41 15,207.09 365.00 365.00
5839150 39 1,048.48 47.00 47.00
5842551 47 1,877.20 91.27 91.27
5857450 75 3,660.52 164.09 164.09 328.18
5861750 74 2,007.72 90.00 90.00 180.00
5865350 33 6,536.24 293.00 293.00
5869450 44 38,342.50 1,186.01 1,186.01
5878050 38 28,331.02 680.00 680.00
5891150 40 32,975.57 1,020.00 1,020.00
5912450 33 1,673.10 75.00 75.00
5938250 34 27,926.47 1,251.86 1,251.86
5940950 34 1,940.79 87.00 87.00
5931654 40 3,018.98 121.34 121.34
6010450 47 3,178.39 95.93 95.93
6111050 75 7,222.86 218.00 218.00 436.00
6159950 41 5,235.84 225.97 225.97
6163450 47 2,208.43 55.00 55.00
6183451 32 1,855.69 43.00 43.00
6202450 71 7,776.63 180.20 180.20 360.40
6208250 38 27,240.95 1,221.13 1,221.13
6224150 65 1,807.30 78.00 78.00 156.00
6247007 31 15,603.83 606.50 606.50
6277003 49 4,555.48 242.23 242.23
6297450 37 3,019.87 89.00 89.00
6306850 39 29,944.27 670.94 670.94
6312453 76 19,202.64 430.26 430.26 860.52
6312455 63 3,524.90 78.98 78.98 157.96
6340650 43 12,888.49 293.62 293.62
6364550 57 16,570.10 .00 .00
6367101 68 4,340.63 125.00 125.00 250.00
6378951 31 5,493.27 228.62 228.62
6380750 87 9,305.77 212.00 212.00 424.98
6383150 80 6,451.71 146.98 146.98
6384850 39 14,132.83 333.23 333.23
6389050 31 2,823.04 117.49 117.49
6391850 50 2,867.73 119.35 119.35
6398001 32 599.86 37.20 37.20
6401950 42 4,823.85 200.76 200.76
6416951 78 4,857.73 202.17 202.17 404.34
6416954 44 1,633.90 68.00 68.00
6416960 56 1,749.48 68.00 68.00
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
6416961 31 5,030.05 202.17 202.17
6453550 38 12,426.21 287.94 287.94
6458801 33 1,773.88 99.00 99.00
6453250 44 2,203.98 82.95 82.95
6457150 39 13,023.14 542.00 542.00
6476350 31 1,633.90 68.00 68.00
6483350 41 3,053.80 90.00 90.00
6490150 39 4,037.80 119.00 119.00
6537701 41 5,542.96 269.50 269.50
6545650 53 4,515.78 181.50 181.50
6553050 31 3,538.76 82.00 82.00
6563550 52 5,484.70 124.95 124.95
6568850 31 9,368.03 276.09 276.09
6572350 31 10,193.56 224.72 224.72
6572450 61 3,831.74 159.47 159.47 318.94
6578750 31 5,406.29 225.00 225.00
6580650 32 5,174.49 152.50 152.50
6595351 30 25,997.88 624.00 624.00
6596450 30 3,834.89 113.02 113.02
6604250 38 2,637.31 106.00 106.00
6604450 82 6,175.29 248.20 248.20 496.40
6616950 60 3,284.20 132.00 132.00 264.00
6634150 55 7,896.47 227.40 227.40
6637250 30 1,441.68 60.00 60.00
6640550 57 2,720.17 109.33 109.33
6647850 54 19,906.13 573.25 573.25
6648250 84 5,764.75 131.33 131.33 262.66
6664050 54 4,161.98 167.28 167.28
6664750 85 2,006.33 83.50 83.50 167.00
6665950 83 12,431.57 358.00 358.00 716.00
6692750 81 36,279.32 826.50 826.50 1,653.00
6715903 31 27,921.90 1,050.88 1,050.88
6723855 59 1,411.99 50.00 50.00
6723873 59 3,139.28 108.00 108.00
6724050 47 15,256.61 613.20 613.20
6724650 47 744.19 52.00 52.00
6725950 89 1,845.96 71.75 71.75 143.50
6755250 52 1,859.90 70.00 70.00
6755950 45 5,346.53 214.89 214.89
6758250 38 3,021.08 87.00 87.00
6759350 39 5,224.87 210.00 210.00
6766650 81 8,226.63 275.23 275.23 550.46
6772250 55 2,932.95 114.00 114.00
6782450 40 2,342.73 94.16 94.16
6783850 66 4,198.13 95.64 95.64 191.28
6783851 50 4,807.13 107.71 107.71
6786850 60 12,625.12 287.62 287.62 575.24
6791351 39 5,486.11 220.50 220.50
6801650 30 4,951.18 199.00 199.00
6810651 33 821.54 30.92 30.92
6851850 46 1,286.38 50.00 50.00
6864850 61 3,191.40 128.27 128.27 256.54
6864950 35 10,226.75 397.50 397.50
6869450 30 22,940.90 922.05 922.05
6889751 51 5,706.22 196.31 196.31
6934150 56 8,827.68 343.12 343.12
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
6939750 40 3,021.71 117.45 117.45
6950750 57 9,380.40 264.13 264.13
6957950 59 3,568.35 134.30 134.30
6966550 54 5,171.26 201.00 201.00
6966750 36 4,513.48 279.90 279.90
6968850 35 3,056.08 115.02 115.02
6980550 84 7,813.15 220.00 220.00 440.00
6983350 72 3,693.49 104.00 104.00 208.00
6983450 32 4,614.40 303.16 303.16
6992650 50 4,826.25 187.59 187.59
7016950 47 2,698.06 104.87 104.87
7018150 78 3,347.27 75.00 75.00 150.00
7029750 64 942.48 61.92 61.92 123.84
7038402 43 5,832.69 234.43 234.43
7043650 40 6,078.69 221.79 221.79
7048650 43 4,373.70 170.00 170.00
7050550 37 3,973.28 109.46 109.46
7066250 70 2,855.77 111.00 111.00 222.00
7091750 72 5,523.43 195.59 195.59 391.18
7093650 39 16,954.53 659.00 659.00
7095550 39 4,261.02 165.62 165.62
7128750 51 2,534.78 95.40 95.40
7129450 48 1,966.18 74.00 74.00
7155801 63 22,766.87 567.00 567.00 1,134.00
7206950 87 1,039.76 64.48 64.48 128.96
7217850 88 1,909.88 55.00 55.00 110.00
7219150 58 1,673.91 63.00 63.00
7271750 51 18,041.04 679.00 679.00
7276350 51 26,755.38 589.83 589.83
7285550 34 8,501.14 187.41 187.41
7315150 78 3,962.75 87.36 87.36 174.72
7317050 35 6,316.02 174.00 174.00
7321250 42 3,106.27 69.60 69.60
7326450 78 3,070.43 115.56 115.56 231.12
7331150 31 2,869.56 108.00 108.00
7354350 72 1,998.09 123.91 123.91 247.82
7365250 42 5,076.41 139.85 139.85
7374650 30 1,833.33 69.00 69.00
7390150 38 6,751.60 186.00 186.00
7394950 37 4,360.11 150.00 150.00
7405350 61 1,944.03 66.88 66.88 133.76
7437050 34 1,669.39 45.99 45.99
7445350 31 3,865.96 133.00 133.00
7616250 77 1,370.37 50.00 50.00 100.00
7750650 32 9,764.16 356.26 356.26
7778150 60 1,726.67 63.00 63.00 126.00
7885750 34 4,774.95 126.14 126.14
8006401 54 1,724.79 96.26 96.26
8096101 58 13,236.33 532.00 532.00
8137501 53 5,033.44 127.78 127.78
8174450 52 1,889.38 65.00 65.00
8198150 60 1,397.66 46.76 46.76 93.52
8220050 32 1,891.25 60.00 60.00
8378955 30 20,980.83 721.80 721.80
8378958 33 1,748.40 60.15 60.15
8378965 31 2,878.41 96.30 96.30
</TABLE>
<PAGE>
COPELCO CAPITAL FUNDING CORP. LOAN # 500015
FOR THE MONTH ENDED 02/30/97 AS OF THE DETERMINATION DATE OF 03/14/97
LEASE PAYMENTS 30 DAYS OR MORE DELINQUENT
<TABLE>
<CAPTION>
LEASE# AND NAME DAYS PRESENT VALUE 30-59 DAYS DEL. 60-89 DAYS DEL. 90 DAYS + DEL.
DEL. PAYMENT AMOUNT PAYMENT AMOUNT PAYMENT AMOUNT
<S> <C> <C> <C> <C> <C>
8378976 36 1,556.64 48.15 48.15
8378977 36 1,556.64 48.15 48.15
8378978 36 1,944.59 60.15 60.15
8378979 36 1,556.64 48.15 48.15
8378986 36 2,145.65 64.76 64.76
8672702 80 1,201.40 50.00 50.00 100.00
8825805 31 24,021.30 1,220.00 1,220.00
8859050 44 7,253.26 385.68 385.68
8870702 42 2,815.46 196.73 196.73
8928050 40 10,474.13 341.09 341.09
8944001 44 6,791.01 227.20 227.20
8949401 87 2,011.72 106.97 106.97 213.94
9015801 30 47,407.03 2,520.79 2,520.79
9097803 40 6,255.89 349.14 349.14
9109907 34 29,172.44 950.00 950.00
9205201 64 3,747.61 89.95 89.95 179.90
TOTAL PAST DUE PAYMENTS OVER 30 DAYS 103,806.41 21,001.11 124,807.52
TOTAL PAYMENTS:124,807.52
TOTAL # LEASES:408
TOTAL PRESENT VALUE:2,887,062.99
</TABLE>
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