SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported) November 14, 1995
FORD CREDIT AUTO LEASE TRUST 1995-1
(RCL Trust 1995-1 Originator)
---------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 33-57827 38-6648374
- -----------------------------------------------------------------
(State of other juris- (Commission File Number) (IRS Employer
diction of incorporation Identification
No.)
c/o The Chase Manhattan Bank (USA)
801 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 302-575-5000
<PAGE>
ITEM 5. OTHER EVENTS
Servicing Report relating to the Ford Credit Auto Lease
Trust 1995-1 for the collection period ending October 31, 1995
is attached hereto as Exhibit 19 and is incorporated herein
by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
EXHIBITS
DESIGNATION DESCRIPTION METHOD OF FILING
Exhibit 19 Servicing Report for the Filed with this
collection period ending Report.
October 31, 1995 relating to
the Ford Credit Auto Lease Trust
1995-1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized on the
date indicated.
Date: October 14, 1995 FORD CREDIT AUTO LEASE TRUST 1995-1
(RCL TRUST 1995-1 - ORIGINATOR)
By: FORD MOTOR CREDIT COMPANY
Depositor and Beneficiary
of the Registrant
By:/s/H. D. Smith
-------------------
H. D. Smith
Secretary
of Ford Motor Credit Company
By: FORD CREDIT LEASING COMPANY, INC.
Depositor and Beneficiary
of the Registrant
By:/s/R. P. Conrad
--------------------
R. P. Conrad
Secretary of Ford Credit
Leasing Company, Inc.<PAGE>
EXHIBIT INDEX
DESIGNATION DESCRIPTION
Exhibit 19 Servicing Report for the
collection period ending
October 31, 1995 relating to
the Ford Credit Auto Lease
Trust 1995-1.
Ford Credit Auto Lease Trust
Ford Motor Credit Company
Monthly Servicing Report
Collection Period Oct-95
Distribution Date 11/15/95
Ford Credit Auto Lease Trust 1995-1
Dollar Amount
Class A-1 Asset Backed Notes 113,000,000.00
Class A-2 Asset Backed Notes 500,521,000.00
Asset Backed Certificates 23,320,978.41
I. Collections
Monthly Payments 12,971,419.42
Available Scheduled Termination Sale Proceeds 0.00
Voluntary Early Termination Proceeds 2,881,396.01
Liquidation Proceeds 1,484,104.24
Recoveries 67,713.08
Payahead Credits 127,455.81
Administrative Purchase Amounts 1,430,195.76
Total 18,962,284.32
II. Advances (Settled on Payment Date)
Sale Proceed Advances
Beginning of Period 0.00
Plus: Net Change 0.00
End of Period 0.00
Monthly Payment Advances
Beginning of Period 4,028,309.43
Plus: Net Change -121,670.47
End of Period 3,906,638.96
Past Due Monthly Payments Not Advanced 0.00
Sale Proceeds Not Realized and Not Advanced 0.00
III. Principal Balances
Class A-1 Beginning Principal Balance 72,267,008.32
Less: Reductions to Class A-1 Beginning Principal Bal 43,485,270.91
Class A-1 Ending Principal Balance 28,781,737.41
Class A-2 Beginning Principal Balance 500,521,000.00
Less: Reductions to Class A-2 Beginning Principal Bal 0.00
Class A-2 Ending Principal Balance 500,521,000.00
Lease Trust Cert. Beginning Principal Balance 23,320,978.41
Less: Reductions to Lease Trust Cert. Beg. Principal 0.00
Lease Trust Cert. Ending Principal Balance 23,320,978.41
Deferred Amount Beginning Balance 86,735,948.78
Less: Reductions to Deferred Amount Beginning Balance -3,744,959.63
Deferred Amount Ending Balance 90,480,908.41
Beginning Pool Balance 657,457,888.74
Residual Value Portion of Beginning Pool Balance 522,074,174.33
Reductions to Pool Balance -14,353,264.51
Ending Pool Balance 643,104,624.23
Residual Value Portion of Ending Pool Balance 517,034,991.07
Residual Value of Expired Contracts 0.00
Residual Value of Expired Contracts Unsold BOP 0.00
Residual Value of Expired Contracts Unsold EOP 0.00
IV. Calculation of Pool Factors
Pool Factor
Class A-1 Pool Factor 0.25470564
Class A-2 Pool Factor 1.00000000
Lease Trust Certificates Pool Factor 1.00000000
V. Payahead Account
Beginning of the Month Balance 962,291.71
Plus: Net Change in Balance 127,455.81
End of Month Balance 1,089,747.52
VI. Losses
Credit Losses 978,087.05
Residual Losses 0.00
VII. Delinquency Amounts
31-60 Days 12,906,807.22
61-90 Days 2,483,200.87
91-120 Days 879,736.22
Over 120 Days 268,712.16
VIII. Memo Amount
Administrative Agent Fee 547,881.57
