<PAGE>
                                                                    EXHIBIT 99.1

                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
JULY 10 2001 THRU JULY 20 2001
DISTRIBUTION DATE: 07/20/01
Statement for Class A and Class B Noteholders Pursuant                                                 Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                           Note Amount
                                                                                                       ----------------------
<S>                                                                                 <C>                                <C>
(i)  Principal Distribution
          Class A-1  Amount                                                           8,701,875.86                     0.0001
          Class A-2  Amount                                                                   0.00                     0.0000
          Class A-3  Amount                                                                   0.00                     0.0000
          Class A-4  Amount                                                                   0.00                     0.0000
          Class A-5  Amount                                                                   0.00                     0.0000
          Class B Amount                                                                      0.00                     0.0000
          Class C Amount                                                                      0.00                     0.0000
          Class D Amount                                                                      0.00                     0.0000
          Class E Amount                                                                      0.00                     0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                             136,572.22                     0.0000
          Class A-2  Amount                                                              47,222.22                     0.0000
          Class A-3  Amount                                                              67,600.00                     0.0000
          Class A-4  Amount                                                              28,166.67                     0.0000
          Class A-5  Amount                                                              62,229.17                     0.0000
          Class B Amount                                                                 27,311.88                     0.0000
          Class C Amount                                                                 11,766.94                     0.0000
          Class D Amount                                                                  6,418.06                     0.0000
          Class E Amount                                                                  4,279.17                     0.0000

(iii)  Basic Servicing Fee                                                              256,726.71                     0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                    308,072,046.00

(v)  Class A-1 Note Balance (end of Collection Period)                              113,298,124.14
       Class A-1 Pool Factor (end of Collection Period)                                  0.9286731
       Class A-2 Note Balance (end of Collection Period)                             40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-3 Note Balance (end of Collection Period)                             52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-4 Note Balance (end of Collection Period)                             20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-5 Note Balance (end of Collection Period)                             44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                  1.0000000
       Class B Note Balance (end of Collection Period)                               20,025,000.00
       Class B Pool Factor (end of Collection Period)                                    1.0000000
       Class C Note Balance (end of Collection Period)                                7,702,000.00
       Class C Pool Factor (end of Collection Period)                                    1.0000000
       Class D Note Balance (end of Collection Period)                                4,621,000.00
       Class D Pool Factor (end of Collection Period)                                    1.0000000
       Class E Note Balance (end of Collection Period)                                3,081,000.00
       Class E Pool Factor (end of Collection Period)                                    1.0000000
       Total Pool Balance (end of Collection Period)                                305,532,124.14

(vi)  Noteholders Interest Carryover Shortfall                                                0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                              0.00

(viii)  Reserve Account Balance                                                       1,540,360.23
(ix)  Gross Loss Ratio                                                                        0.00%
(x)  Remaining Receivables Percentage                                                        97.10%
</TABLE>


<PAGE>
                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
JULY 21 2001 THRU AUGUST 20 2001
DISTRIBUTION DATE: 08/20/01
Statement for Class A and Class B Noteholders Pursuant                                                   Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                            Note Amount
                                                                                                         ----------------------
<S>                                                                                   <C>                                <C>
(i)  Principal Distribution
          Class A-1  Amount                                                             8,318,074.21                     0.0001
          Class A-2  Amount                                                                     0.00                     0.0000
          Class A-3  Amount                                                                     0.00                     0.0000
          Class A-4  Amount                                                                     0.00                     0.0000
          Class A-5  Amount                                                                     0.00                     0.0000
          Class B Amount                                                                        0.00                     0.0000
          Class C Amount                                                                        0.00                     0.0000
          Class D Amount                                                                        0.00                     0.0000
          Class E Amount                                                                        0.00                     0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                               376,471.28                     0.0000
          Class A-2  Amount                                                               161,666.67                     0.0000
          Class A-3  Amount                                                               232,266.67                     0.0000
          Class A-4  Amount                                                                95,833.33                     0.0000
          Class A-5  Amount                                                               235,226.25                     0.0000
          Class B Amount                                                                  110,304.38                     0.0000
          Class C Amount                                                                   43,965.58                     0.0000
          Class D Amount                                                                   29,189.32                     0.0000
          Class E Amount                                                                   22,337.25                     0.0000

(iii)  Basic Servicing Fee                                                                232,875.60                     0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                      299,370,170.14

(v)  Class A-1 Note Balance (end of Collection Period)                                103,228,971.59
       Class A-1 Pool Factor (end of Collection Period)                                    0.8461391
       Class A-2 Note Balance (end of Collection Period)                               40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                    1.0000000
       Class A-3 Note Balance (end of Collection Period)                               52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                    1.0000000
       Class A-4 Note Balance (end of Collection Period)                               20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                    1.0000000
       Class A-5 Note Balance (end of Collection Period)                               44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                    1.0000000
       Class B Note Balance (end of Collection Period)                                 20,025,000.00
       Class B Pool Factor (end of Collection Period)                                      1.0000000
       Class C Note Balance (end of Collection Period)                                  7,702,000.00
       Class C Pool Factor (end of Collection Period)                                      1.0000000
       Class D Note Balance (end of Collection Period)                                  4,621,000.00
       Class D Pool Factor (end of Collection Period)                                      1.0000000
       Class E Note Balance (end of Collection Period)                                  3,081,000.00
       Class E Pool Factor (end of Collection Period)                                      1.0000000
       Total Pool Balance (end of Collection Period)                                  295,462,971.59

(vi)  Noteholders Interest Carryover Shortfall                                                  0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                                0.00

(viii)  Reserve Account Balance                                                         1,540,360.23
(ix)  Gross Loss Ratio                                                                          0.02%
(x)  Remaining Receivables Percentage                                                          96.56%
</TABLE>

<PAGE>

                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
AUGUST 21 2001 THRU SEPTEMBER 20 2001
DISTRIBUTION DATE: 09/20/01
Statement for Class A and Class B Noteholders Pursuant                                                 Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                          Note Amount
                                                                                                       ----------------------
<S>                                                                                 <C>                                <C>
(i)  Principal Distribution
          Class A-1  Amount                                                           8,913,145.04                     0.0001
          Class A-2  Amount                                                                   0.00                     0.0000
          Class A-3  Amount                                                                   0.00                     0.0000
          Class A-4  Amount                                                                   0.00                     0.0000
          Class A-5  Amount                                                                   0.00                     0.0000
          Class B Amount                                                                      0.00                     0.0000
          Class C Amount                                                                      0.00                     0.0000
          Class D Amount                                                                      0.00                     0.0000
          Class E Amount                                                                      0.00                     0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                             348,397.78                     0.0000
          Class A-2  Amount                                                             161,666.67                     0.0000
          Class A-3  Amount                                                             232,266.67                     0.0000
          Class A-4  Amount                                                              95,833.33                     0.0000
          Class A-5  Amount                                                             235,226.25                     0.0000
          Class B Amount                                                                110,304.38                     0.0000
          Class C Amount                                                                 43,965.58                     0.0000
          Class D Amount                                                                 29,189.32                     0.0000
          Class E Amount                                                                 22,337.25                     0.0000

(iii)  Basic Servicing Fee                                                              226,968.56                     0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                    291,894,019.68

(v)  Class A-1 Note Balance (end of Collection Period)                               94,315,826.55
       Class A-1 Pool Factor (end of Collection Period)                                  0.7730805
       Class A-2 Note Balance (end of Collection Period)                             40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-3 Note Balance (end of Collection Period)                             52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-4 Note Balance (end of Collection Period)                             20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-5 Note Balance (end of Collection Period)                             44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                  1.0000000
       Class B Note Balance (end of Collection Period)                               20,025,000.00
       Class B Pool Factor (end of Collection Period)                                    1.0000000
       Class C Note Balance (end of Collection Period)                                7,702,000.00
       Class C Pool Factor (end of Collection Period)                                    1.0000000
       Class D Note Balance (end of Collection Period)                                4,621,000.00
       Class D Pool Factor (end of Collection Period)                                    1.0000000
       Class E Note Balance (end of Collection Period)                                3,081,000.00
       Class E Pool Factor (end of Collection Period)                                    1.0000000
       Total Pool Balance (end of Collection Period)                                286,549,826.55

(vi)  Noteholders Interest Carryover Shortfall                                                0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                              0.00

(viii)  Reserve Account Balance                                                       1,540,360.23
(ix)  Gross Loss Ratio                                                                        0.11%
(x)  Remaining Receivables Percentage                                                        93.38%
</TABLE>


<PAGE>

                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
SEPTEMBER 21 2001 THRU OCTOBER 20 2001
DISTRIBUTION DATE: 10/22/01
Statement for Class A and Class B Noteholders Pursuant                                                 Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                          Note Amount
                                                                                                       ----------------------
<S>                                                                                 <C>                                <C>
(i)  Principal Distribution
          Class A-1  Amount                                                           6,345,819.77                     0.0001
          Class A-2  Amount                                                                   0.00                     0.0000
          Class A-3  Amount                                                                   0.00                     0.0000
          Class A-4  Amount                                                                   0.00                     0.0000
          Class A-5  Amount                                                                   0.00                     0.0000
          Class B Amount                                                                      0.00                     0.0000
          Class C Amount                                                                      0.00                     0.0000
          Class D Amount                                                                      0.00                     0.0000
          Class E Amount                                                                      0.00                     0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                             318,315.91                     0.0000
          Class A-2  Amount                                                             161,666.67                     0.0000
          Class A-3  Amount                                                             232,266.67                     0.0000
          Class A-4  Amount                                                              95,833.33                     0.0000
          Class A-5  Amount                                                             235,226.25                     0.0000
          Class B Amount                                                                110,304.38                     0.0000
          Class C Amount                                                                 43,965.58                     0.0000
          Class D Amount                                                                 29,189.32                     0.0000
          Class E Amount                                                                 22,337.25                     0.0000

(iii)  Basic Servicing Fee                                                              236,347.09                     0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                    283,616,512.27

(v)  Class A-1 Note Balance (end of Collection Period)                               87,970,006.78
       Class A-1 Pool Factor (end of Collection Period)                                  0.7210656
       Class A-2 Note Balance (end of Collection Period)                             40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-3 Note Balance (end of Collection Period)                             52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-4 Note Balance (end of Collection Period)                             20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-5 Note Balance (end of Collection Period)                             44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                  1.0000000
       Class B Note Balance (end of Collection Period)                               20,025,000.00
       Class B Pool Factor (end of Collection Period)                                    1.0000000
       Class C Note Balance (end of Collection Period)                                7,702,000.00
       Class C Pool Factor (end of Collection Period)                                    1.0000000
       Class D Note Balance (end of Collection Period)                                4,621,000.00
       Class D Pool Factor (end of Collection Period)                                    1.0000000
       Class E Note Balance (end of Collection Period)                                3,081,000.00
       Class E Pool Factor (end of Collection Period)                                    1.0000000
       Total Pool Balance (end of Collection Period)                                280,204,006.78

(vi)  Noteholders Interest Carryover Shortfall                                                0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                              0.00

(viii)  Reserve Account Balance                                                       1,540,360.23
(ix)  Gross Loss Ratio                                                                        0.23%
(x)  Remaining Receivables Percentage                                                        91.41%
</TABLE>


<PAGE>

                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
OCTOBER 21 2001 THRU NOVEMBER 20 2001
DISTRIBUTION DATE: 11/20/01
Statement for Class A and Class B Noteholders Pursuant                                               Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                        Note Amount
                                                                                                     ----------------------
<S>                                                                              <C>                                 <C>
(i)  Principal Distribution
          Class A-1  Amount                                                        9,036,950.08                      0.0001
          Class A-2  Amount                                                                0.00                      0.0000
          Class A-3  Amount                                                                0.00                      0.0000
          Class A-4  Amount                                                                0.00                      0.0000
          Class A-5  Amount                                                                0.00                      0.0000
          Class B Amount                                                                   0.00                      0.0000
          Class C Amount                                                                   0.00                      0.0000
          Class D Amount                                                                   0.00                      0.0000
          Class E Amount                                                                   0.00                      0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                          296,898.77                      0.0000
          Class A-2  Amount                                                          161,666.67                      0.0000
          Class A-3  Amount                                                          232,266.67                      0.0000
          Class A-4  Amount                                                           95,833.33                      0.0000
          Class A-5  Amount                                                          235,226.25                      0.0000
          Class B Amount                                                             110,304.38                      0.0000
          Class C Amount                                                              43,965.58                      0.0000
          Class D Amount                                                              29,189.32                      0.0000
          Class E Amount                                                              22,337.25                      0.0000

(iii)  Basic Servicing Fee                                                           231,374.46                      0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                 277,649,352.46

(v)  Class A-1 Note Balance (end of Collection Period)                            78,933,056.70
       Class A-1 Pool Factor (end of Collection Period)                               0.6469923
       Class A-2 Note Balance (end of Collection Period)                          40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                               1.0000000
       Class A-3 Note Balance (end of Collection Period)                          52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                               1.0000000
       Class A-4 Note Balance (end of Collection Period)                          20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                               1.0000000
       Class A-5 Note Balance (end of Collection Period)                          44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                               1.0000000
       Class B Note Balance (end of Collection Period)                            20,025,000.00
       Class B Pool Factor (end of Collection Period)                                 1.0000000
       Class C Note Balance (end of Collection Period)                             7,702,000.00
       Class C Pool Factor (end of Collection Period)                                 1.0000000
       Class D Note Balance (end of Collection Period)                             4,621,000.00
       Class D Pool Factor (end of Collection Period)                                 1.0000000
       Class E Note Balance (end of Collection Period)                             3,081,000.00
       Class E Pool Factor (end of Collection Period)                                 1.0000000
       Total Pool Balance (end of Collection Period)                             271,167,056.70

(vi)  Noteholders Interest Carryover Shortfall                                             0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                         393.05

(viii)  Reserve Account Balance                                                    1,540,360.23
(ix)  Gross Loss Ratio                                                                     0.35%
(x)  Remaining Receivables Percentage                                                     88.96%
</TABLE>

<PAGE>

                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
NOVEMBER 21 2001 THRU DECEMBER 20 2001
DISTRIBUTION DATE: 12/20/01
Statement for Class A and Class B Noteholders Pursuant                                                 Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                          Note Amount
                                                                                                       ----------------------
<S>                                                                                 <C>                                <C>
(i)  Principal Distribution
          Class A-1  Amount                                                           8,142,252.34                     0.0001
          Class A-2  Amount                                                                   0.00                     0.0000
          Class A-3  Amount                                                                   0.00                     0.0000
          Class A-4  Amount                                                                   0.00                     0.0000
          Class A-5  Amount                                                                   0.00                     0.0000
          Class B Amount                                                                      0.00                     0.0000
          Class C Amount                                                                      0.00                     0.0000
          Class D Amount                                                                      0.00                     0.0000
          Class E Amount                                                                      0.00                     0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                             266,399.07                     0.0000
          Class A-2  Amount                                                             161,666.67                     0.0000
          Class A-3  Amount                                                             232,266.67                     0.0000
          Class A-4  Amount                                                              95,833.33                     0.0000
          Class A-5  Amount                                                             235,226.25                     0.0000
          Class B Amount                                                                110,304.38                     0.0000
          Class C Amount                                                                 43,965.58                     0.0000
          Class D Amount                                                                 29,189.32                     0.0000
          Class E Amount                                                                 22,337.25                     0.0000

(iii)  Basic Servicing Fee                                                              224,210.83                     0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                    269,052,998.22

(v)  Class A-1 Note Balance (end of Collection Period)                               70,790,804.36
       Class A-1 Pool Factor (end of Collection Period)                                  0.5802525
       Class A-2 Note Balance (end of Collection Period)                             40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-3 Note Balance (end of Collection Period)                             52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-4 Note Balance (end of Collection Period)                             20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-5 Note Balance (end of Collection Period)                             44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                  1.0000000
       Class B Note Balance (end of Collection Period)                               20,025,000.00
       Class B Pool Factor (end of Collection Period)                                    1.0000000
       Class C Note Balance (end of Collection Period)                                7,702,000.00
       Class C Pool Factor (end of Collection Period)                                    1.0000000
       Class D Note Balance (end of Collection Period)                                4,621,000.00
       Class D Pool Factor (end of Collection Period)                                    1.0000000
       Class E Note Balance (end of Collection Period)                                3,081,000.00
       Class E Pool Factor (end of Collection Period)                                    1.0000000
       Total Pool Balance (end of Collection Period)                                263,024,804.36

(vi)  Noteholders Interest Carryover Shortfall                                                0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                              0.00

(viii)  Reserve Account Balance                                                       1,540,360.23
(ix)  Gross Loss Ratio                                                                        0.52%
(x)  Remaining Receivables Percentage                                                        86.63%
</TABLE>
<PAGE>


                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
DECEMBER 21 2002 THRU JANUARY 20 2002
DISTRIBUTION DATE: 01/21/02
Statement for Class A and Class B Noteholders Pursuant                                                     Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                               Note Amount
                                                                                                          -----------------------
<S>                                                                                     <C>                                 <C>
(i)  Principal Distribution
          Class A-1  Amount                                                                7,708,194.20                     0.0001
          Class A-2  Amount                                                                        0.00                     0.0000
          Class A-3  Amount                                                                        0.00                     0.0000
          Class A-4  Amount                                                                        0.00                     0.0000
          Class A-5  Amount                                                                        0.00                     0.0000
          Class B Amount                                                                           0.00                     0.0000
          Class C Amount                                                                           0.00                     0.0000
          Class D Amount                                                                           0.00                     0.0000
          Class E Amount                                                                           0.00                     0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                                  238,918.96                     0.0000
          Class A-2  Amount                                                                  161,666.67                     0.0000
          Class A-3  Amount                                                                  232,266.67                     0.0000
          Class A-4  Amount                                                                   95,833.33                     0.0000
          Class A-5  Amount                                                                  235,226.25                     0.0000
          Class B Amount                                                                     110,304.38                     0.0000
          Class C Amount                                                                      43,965.58                     0.0000
          Class D Amount                                                                      29,189.32                     0.0000
          Class E Amount                                                                      22,337.25                     0.0000

(iii)  Basic Servicing Fee                                                                   217,663.12                     0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                         261,195,749.87

(v)  Class A-1 Note Balance (end of Collection Period)                                    63,082,610.16
       Class A-1 Pool Factor (end of Collection Period)                                       0.5170706
       Class A-2 Note Balance (end of Collection Period)                                  40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                       1.0000000
       Class A-3 Note Balance (end of Collection Period)                                  52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                       1.0000000
       Class A-4 Note Balance (end of Collection Period)                                  20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                       1.0000000
       Class A-5 Note Balance (end of Collection Period)                                  44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                       1.0000000
       Class B Note Balance (end of Collection Period)                                    20,025,000.00
       Class B Pool Factor (end of Collection Period)                                         1.0000000
       Class C Note Balance (end of Collection Period)                                     7,702,000.00
       Class C Pool Factor (end of Collection Period)                                         1.0000000
       Class D Note Balance (end of Collection Period)                                     4,621,000.00
       Class D Pool Factor (end of Collection Period)                                         1.0000000
       Class E Note Balance (end of Collection Period)                                     3,081,000.00
       Class E Pool Factor (end of Collection Period)                                         1.0000000
       Total Pool Balance (end of Collection Period)                                     255,316,610.16

(vi)  Noteholders Interest Carryover Shortfall                                                     0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                                   0.00

(viii)  Reserve Account Balance                                                            1,540,360.23
(ix)  Gross Loss Ratio                                                                             0.71%
(x)  Remaining Receivables Percentage                                                             84.56%
</TABLE>



<PAGE>

                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
JANUARY 21 2002 THRU FEBRUARY 20 2002
DISTRIBUTION DATE: 02/20/02
Statement for Class A and Class B Noteholders Pursuant                                               Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                        Note Amount
                                                                                                     ----------------------
<S>               <C>                                                             <C>                                <C>
(i)  Principal Distribution
          Class A-1  Amount                                                         7,707,098.54                     0.0001
          Class A-2  Amount                                                                 0.00                     0.0000
          Class A-3  Amount                                                                 0.00                     0.0000
          Class A-4  Amount                                                                 0.00                     0.0000
          Class A-5  Amount                                                                 0.00                     0.0000
          Class B Amount                                                                    0.00                     0.0000
          Class C Amount                                                                    0.00                     0.0000
          Class D Amount                                                                    0.00                     0.0000
          Class E Amount                                                                    0.00                     0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                           212,903.81                     0.0000
          Class A-2  Amount                                                           161,666.67                     0.0000
          Class A-3  Amount                                                           232,266.67                     0.0000
          Class A-4  Amount                                                            95,833.33                     0.0000
          Class A-5  Amount                                                           235,226.25                     0.0000
          Class B Amount                                                              110,304.38                     0.0000
          Class C Amount                                                               43,965.58                     0.0000
          Class D Amount                                                               29,189.32                     0.0000
          Class E Amount                                                               22,337.25                     0.0000

(iii)  Basic Servicing Fee                                                            211,369.68                     0.0000
(Iv)  Aggregate Receivables (end of preceding collection period)                  253,643,617.22

(v)  Class A-1 Note Balance (end of Collection Period)                             55,375,511.62
       Class A-1 Pool Factor (end of Collection Period)                                0.4538976
       Class A-2 Note Balance (end of Collection Period)                           40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                1.0000000
       Class A-3 Note Balance (end of Collection Period)                           52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                1.0000000
       Class A-4 Note Balance (end of Collection Period)                           20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                1.0000000
       Class A-5 Note Balance (end of Collection Period)                           44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                1.0000000
       Class B Note Balance (end of Collection Period)                             20,025,000.00
       Class B Pool Factor (end of Collection Period)                                  1.0000000
       Class C Note Balance (end of Collection Period)                              7,702,000.00
       Class C Pool Factor (end of Collection Period)                                  1.0000000
       Class D Note Balance (end of Collection Period)                              4,621,000.00
       Class D Pool Factor (end of Collection Period)                                  1.0000000
       Class E Note Balance (end of Collection Period)                              3,081,000.00
       Class E Pool Factor (end of Collection Period)                                  1.0000000
       Total Pool Balance (end of Collection Period)                              247,609,511.62

(vi)  Noteholders Interest Carryover Shortfall                                              0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                            0.00

(viii)  Reserve Account Balance                                                     1,540,360.23
(ix)  Gross Loss Ratio                                                                      0.84%
(x)  Remaining Receivables Percentage                                                      82.50%
</TABLE>


<PAGE>
                        ACE RV AND MARINE TRUST 2001-RV1
                        MONTHLY STATEMENT TO NOTEHOLDERS
                        SERVICER: WELLS FARGO BANK, N.A.

<TABLE>
<CAPTION>
FEBRUARY 21 2002 THRU MARCH 20 2002
DISTRIBUTION DATE: 03/20/02
Statement for Class A and Class B Noteholders Pursuant                                                Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                         Note Amount
                                                                                                      ----------------------
<S>                                                                                 <C>                              <C>
(i)  Principal Distribution
          Class A-1  Amount                                                           7,924,930.58                   64.9584
          Class A-2  Amount                                                                   0.00                    0.0000
          Class A-3  Amount                                                                   0.00                    0.0000
          Class A-4  Amount                                                                   0.00                    0.0000
          Class A-5  Amount                                                                   0.00                    0.0000
          Class B Amount                                                                      0.00                    0.0000
          Class C Amount                                                                      0.00                    0.0000
          Class D Amount                                                                      0.00                    0.0000
          Class E Amount                                                                      0.00                    0.0000
(ii)  Interest Distribution
          Class A-1  Amount                                                             186,892.35                    1.5319
          Class A-2  Amount                                                             161,666.67                    4.0417
          Class A-3  Amount                                                             232,266.67                    4.4667
          Class A-4  Amount                                                              95,833.33                    4.7917
          Class A-5  Amount                                                             235,226.25                    5.2500
          Class B Amount                                                                110,304.38                    5.5083
          Class C Amount                                                                 43,965.58                    5.7083
          Class D Amount                                                                 29,189.32                    6.3167
          Class E Amount                                                                 22,337.25                    7.2500

(iii)  Basic Servicing Fee                                                              205,308.22                    0.6664
(Iv)  Aggregate Receivables (end of preceding collection period)                    246,369,862.79

(v)  Class A-1 Note Balance (end of Collection Period)                               47,450,581.04
       Class A-1 Pool Factor (end of Collection Period)                                  0.3889392
       Class A-2 Note Balance (end of Collection Period)                             40,000,000.00
       Class A-2 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-3 Note Balance (end of Collection Period)                             52,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-4 Note Balance (end of Collection Period)                             20,000,000.00
       Class A-4 Pool Factor (end of Collection Period)                                  1.0000000
       Class A-5 Note Balance (end of Collection Period)                             44,805,000.00
       Class A-5 Pool Factor (end of Collection Period)                                  1.0000000
       Class B Note Balance (end of Collection Period)                               20,025,000.00
       Class B Pool Factor (end of Collection Period)                                    1.0000000
       Class C Note Balance (end of Collection Period)                                7,702,000.00
       Class C Pool Factor (end of Collection Period)                                    1.0000000
       Class D Note Balance (end of Collection Period)                                4,621,000.00
       Class D Pool Factor (end of Collection Period)                                    1.0000000
       Class E Note Balance (end of Collection Period)                                3,081,000.00
       Class E Pool Factor (end of Collection Period)                                    1.0000000
       Total Pool Balance (end of Collection Period)                                239,684,581.04

(vi)  Noteholders Interest Carryover Shortfall                                                0.00
(vii)  Aggregate Purchase Amount of Receivables Repurchased by the Sellers
       or purchased by Servicers                                                              0.00

(viii)  Reserve Account Balance                                                       1,540,360.23
(ix)  Gross Loss Ratio                                                                        0.96%
(x)  Remaining Receivables Percentage                                                        80.21%
</TABLE>