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      NEWCOURT RECEIVABLES
      ASSET TRUST 1997-1
      SUMMARY OF PERFORMANCE TO
      FEBRUARY, 1998

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 I)   OUTSTANDING BALANCES,
      PRINCIPAL AND INTEREST
      PAID

    CLASS A-1 NOTES

                                       Opening             Nov-97             Dec-97              Jan-98           Feb-98
<S>                                <C>                 <C>                 <C>                <C>               <C>
    OUTSTANDING BALANCES
                                   127,076,485.00      115,311,904.43      98,570,517.61      82,468,291.00     67,847,209.99

    PRINCIPAL PAID
                                                        11,764,580.57      16,741,386.82      16,102,226.61     14,621,081.01

    INTEREST PAID
                                                           533,685.94         540,156.19         493,578.18        372,985.75

    -------------------------------------------------------------------------------------------------------------------------


    CLASS A-2 NOTES

                                       Opening             Nov-97             Dec-97              Jan-98           Feb-98

    OUTSTANDING BALANCES
                                    88,284,716.00       88,284,716.00      88,284,716.00      88,284,716.00     88,284,716.00

    PRINCIPAL PAID
                                                                 0.00               0.00               0.00              0.00

    INTEREST PAID
                                                           444,366.40         444,366.40         444,366.40        444,366.40

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    CLASS A-3 NOTES

                                       Opening             Nov-97             Dec-97              Jan-98           Feb-98

    OUTSTANDING BALANCES
                                   107,011,777.00      107,011,777.00     107,011,777.00     107,011,777.00    107,011,777.00

    PRINCIPAL PAID
                                                                 0.00               0.00               0.00              0.00

    INTEREST PAID
                                                           544,868.30         544,868.30         544,868.30        544,868.30

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    CLASS A-4 NOTES

                                       Opening             Nov-97             Dec-97              Jan-98           Feb-98

    OUTSTANDING BALANCES
                                   167,205,901.00      167,205,901.00     167,205,901.00     167,205,901.00    167,205,901.00

    PRINCIPAL PAID
                                                                 0.00               0.00               0.00              0.00

    INTEREST PAID
                                                           862,921.79         862,921.79         862,921.79        862,921.79

    -------------------------------------------------------------------------------------------------------------------------




    CLASS B NOTES

                                       Opening             Mar-96             Apr-96              May-96           Jun-96

    OUTSTANDING BALANCES
                                    18,727,061.00       18,727,061.00      18,727,061.00      18,727,061.00     18,727,061.00

    PRINCIPAL PAID
                                                                 0.00             0.00               0.00                0.00

    INTEREST PAID
                                                            98,629.19        98,629.19          98,629.19           98,629.19

    ---------------------------------------------------------------------------------------------------------------------------


    CLASS C NOTES

                                       Opening             Mar-96             Apr-96              May-96           Jun-96

    OUTSTANDING BALANCES
                                    10,701,178.00       10,701,178.00    10,701,178.00      10,701,178.00       10,701,178.00

    PRINCIPAL PAID
                                                                 0.00             0.00               0.00                0.00

    INTEREST PAID
                                                            58,499.77        58,499.77          58,499.77           58,499.77

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    CLASS D NOTES

                                       Opening             Mar-96             Apr-96              May-96           Jun-96

    OUTSTANDING BALANCES
                                    16,051,766.00       16,051,766.00    16,051,766.00      16,051,766.00       16,051,766.00

    PRINCIPAL PAID
                                                                 0.00             0.00               0.00                0.00

    INTEREST PAID
                                                           123,197.30       123,197.30         123,197.30          123,197.30

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