SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) August 17, 1995
FORD CREDIT AUTO LEASE TRUST 1995-1
(RCL Trust 1995-1 Originator)
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(Exact name of registrant as specified in its charter)
DELAWARE 33-57827 38-6648374
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(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 July 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.
July 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: August 17, 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
July 31, 1995 relating to
the Ford Credit Auto Lease
Trust 1995-1.
Ford Credit Auto Lease Trust EXHIBIT 19
Ford Motor Credit Company
Servicing Report
Collection Period Ending Jul-95
Distribution Date 8/15/95
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 39,761,059.78
Available Scheduled Termination Sale Proceeds 0.00
Voluntary Early Termination Proceeds 6,807,606.38
Liquidation Proceeds 79,621.59
Recoveries 41,313.96
Payahead Credits 377,697.47
Administrative Purchase Amounts 2,352,383.16
Total 49,419,682.34
II. Available Funds
Collections 49,419,682.34
Earnings on Account 242,226.62
Aggregate Net Sale Proceeds Advances 0.00
Aggregate Net Monthly Payment Advances 752,335.70
Total 50,414,244.66
III. Reserve Account Balance
Required Reserve Account Amount BOP 23,320,978.41
Reserve Account Amount BOP 25,114,899.83
Reserve Account Deposit Amount 0.00
Reserve Account Draw Amount 0.00
Reserve Account Release Amount -1,215,327.09
Reserve Account Amount EOP 23,899,572.74
Required Reserve Account Amount EOP 23,899,572.74
IV. RV Guaranty Balance
Available RV Guaranty Amount BOP 43,054,113.99
RV Guaranty Draw Amount 0.00
RV Guaranty Draw Shortfall Amount 0.00
Available RV Guaranty Amount EOP 43,054,113.99
V. Advances
Sale Proceed Advances
Beginning of Period 0.00
Plus: Net Change 0.00
End of Period 0.00
Monthly Payment Advances
Beginning of Period 2,517,980.42
Plus: Net Change 752,335.70
End of Period 3,270,316.12
Past Due Monthly Payments Not Advanced 0.00
Sale Proceeds Not Realized and Not Advanced 0.00
VI. Total Available Funds
Available Funds 50,414,244.66
Reserve Account Draw Amount 0.00
Reserve Account Release Amount -1,215,327.09
RV Guaranty Draw Amount 0.00
Total 51,629,571.75
VII. Scheduled Distributions
Administrative Agent Fee 1,765,934.47
Comerica Fee 4,500.00
Class A-1 Interest Distribution Amount 1,525,500.00
Class A-1 Interest Carryover Shortfall
Class A-1 Interest Draw Amount
Class A-2 Interest Distribution Amount 7,151,193.79
Class A-2 Interest Carryover Shortfall
Class A-2 Interest Draw Amount
Lease Trust Certificate Interest Distribution Amount 346,316.53
Lease Trust Certificate Interest Carryover Shortfall
Lease Trust Certificate Interest Draw Amount
Limited RV Guaranty Fee 107,635.28
Class A-1 Principal Distribution Amount 40,732,991.68
Class A-2 Principal Distribution Amount 0.00
Certificate Distribution Account Amount 0.00
Required Sales Proceeds Payment 0.00
Basic Payment 45,620,211.07
Additional Payment 6,009,360.68
VIII. Principal Balances
Class A-1 Beginning Principal Balance 113,000,000.00
Less: Reductions to Class A-1 Beginning Principal Bal 40,732,991.68
Class A-1 Ending Principal Balance 72,267,008.32
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 80,726,588.10
Less: Reductions to Deferred Amount Beginning Balance -6,009,360.68
Deferred Amount Ending Balance 86,735,948.78
Beginning Pool Balance 717,568,566.51
Residual Value Portion of Beginning Pool Balance 532,751,094.43
Reductions to Pool Balance -34,723,631.00
Ending Pool Balance 682,844,935.51
Residual Value Portion of Ending Pool Balance 529,409,780.95
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
IX. Calculation of Pool Factors
Pool Factor
Class A-1 Pool Factor 0.63953105
Class A-2 Pool Factor 1.00000000
Lease Trust Certificates Pool Factor 1.00000000
X. Payahead Account
Beginning Balance 787,131.46
Plus: Net Change in Balance 377,697.47
Ending Balance 1,164,828.93
XI. Liquidated Leases
Number of Contracts 73
Liquidation Amount 79,621.59
XII. Contracts Outstanding
Beginning Number of Contracts 37719
Ending Number of Contracts 37057
XIII. Losses
First Collection Period Credit Losses 0.00
Second Collection Period Credit Losses 199,667.05
Third Collection Period Credit Losses 1,684,369.89
First Collection Period Residual Losses 0.00
Second Collection Period Residual Losses 0.00
Third Collection Period Residual Losses 0.00
XIX. Delinquency Amounts
31-60 Days 11,787,506.07
61-90 Days 2,597,417.74
91-120 Days 982,358.48
Over 120 Days 0.00
