<PAGE>

                                                                    EXHIBIT 99.1


                       NEWCOURT EQUIPMENT TRUST SECURITIES 1998-1
                       PERFORMANCE SUMMARY

<TABLE>
<CAPTION>

REPORT DATE                            OCT-98              NOV-98              DEC-98
<S>                                <C>                 <C>                 <C>
ADCB                               1,131,739,137       1,095,032,205       1,059,575,381
Debt Balances
A1 Principal                         356,497,828         319,790,696         284,334,072
A2 Principal                         130,150,001         130,150,001         130,150,001
A3 Principal                         447,036,959         447,036,959         447,036,959
A4 Principal                         101,856,622         101,856,522         101,856,522
B Principal                           42,440,218          42,440,218          42,440,218
C Principal                           22,634,783          22,634,783          22,634,783
D Principal                           14,146,739          14,146,739          14,146,739
E Principal                           16,976,087          16,976,087          16,976,087
Reserve                               16,976,087          16,976,087          16,976,087

Waterfall
---------
Servicing                                  0.600%         565,869.57          547,516.10
A1 Interest                                5.007%       2,330,396.59        1,354,327.51
A2 Interest                                5.170%         878,476.35          560,729.59
A3 Interest                                5.240%       3,058,229.51        1,952,061.39
A4 Interest                                5.393%         717,157.52          457,760.19
B Interest                                 5.970%         330,786.13          211,140.08
C Interest                                 6.940%         205,083.71          130,904.50
D Interest                                 8.060%         148,862.99           95,018.93
E Interest                                 9.440%         209,220.84          133,545.22
A1 Principal                                              36,708,932          35,456,824
A2 Principal                                                       -                   -
A3 Principal                                                       -                   -
A4 Principal                                                       -                   -
B Principal                                                        -                   -
C Principal                                                        -                   -
D Principal                                                        -                   -
E Principal                                                        -                   -
Reserve                                                            -              44,478
Newcourt                                                           -                   -

Delinquency
-----------
31 - 60 Days Past Due                                     37,076,740          25,179,191
61 - 90 Days Past Due                                      8,996,780           5,764,377
91 - 120 Days Past Due                                             -           4,937,955
121+ Days Past Due                                                 -           1,086,514

Delinquency Ratios
------------------
31 - 60 Days Past Due (Note 1)                                  3.39%               2.38%
61 - 90 Days Past Due                                           0.82%               0.54%
91 - 120 Days Past Due                                          0.00%               0.47%
121+ Days Past Due                                              0.00%               0.10%

Gross Losses                                                       -              33,357
Recoveries                                                         -                   -

Prepayments                                                6,619,826           5,703,029

Bond Principal Factors
----------------------
A-1                                                       89.7034626%         79.7575889%
A-2                                                      100.0000000%        100.0000000%
A-3                                                      100.0000000%        100.0000000%
A-4                                                      100.0000000%        100.0000000%
B                                                        100.0000000%        100.0000000%
C                                                        100.0000000%        100.0000000%
D                                                        100.0000000%        100.0000000%
E                                                        100.0000000%        100.0000000%

Conditional Payment Rate
------------------------
1 Month CPR                                                   6.9572%             6.2383%
Average 3 Month CPR                                              N/A                 N/A
Life to Date                                                  6.9572%             6.6920%
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Note 1:  Arrears divided by ADCB


                                                     NETS98 Performance A 4/1/99


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