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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549



FORM 10-K/A
Amendment No. 2

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

|                                            |  |                              
|------------------------------------------- |  | -----------------------------
|For the fiscal year ended December 31, 2002 |  | Commission File No. 333-34266

Volkswagen Dealer Finance, LLC
on behalf of
Volkswagen Credit Auto Master Owner Trust

(Issuer of the Volkswagen Credit Auto Master Owner Trust Floating Rate Auto
Dealer Loan Backed Notes, Series 2000-1 (the Notes))

(Exact name of registrant as specified in its charter)



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|                                                                   |  |                                     
|------------------------------------------------------------------ |  | ------------------------------------
|State of Delaware                                                  |  | 38-3528063                          
|(State or other jurisdiction of                                    |  | (I.R.S. Employer Identification No.)
|incorporation or organization)                                     |  |                                     
|                                                                   |  |                                     
|3800 Hamlin Road                                                   |  | 48326                               
|Auburn Hills, Michigan                                             |  | (Zip Code)                          
|(Address of principal executive offices)                           |  |                                     
|                                                                   |  |                                     
|Registrants telephone number, including area code: (248) 340-6550 |  |                                     






Securities registered pursuant to Section 12(b) of the Act:None

Securities registered pursuant to Section 12(g) of the Act:

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 (the Act) during the preceding 12 months (or for such period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

YESx   NO

State the aggregate market value of the voting stock held by
non-affiliates of the registrant. The aggregate market value shall be computed
by reference to the price at which the stock was sold, or the average bid and
asked price of such stock, as of a specific date within 60 days prior to the
date of filing. (See definition of affiliate in Rule 405, 17 C.F.R. 230.405):

NOT APPLICABLE







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TABLE OF CONTENTS



|                                               |  |  |  |  |  |  |  | 
|---------------------------------------------- |  |  |  |  |  |  |  | 
|                                              
|PART I                                        
|PART II                                       
|PART III                                      
|PART IV                                       
|SIGNATURES                                    
|EXHIBIT INDEX                                 
|EX-31 Certification Pursuant to Section 302(A)
|EX-99.1 Certificate of VW Credit, Inc.        
|EX-99.2 Report by PricewaterhouseCoopers LLP  
|EX-99.3 Payment Date Statements               



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FORM 10-K




PART I

Item 1. Business.



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The Volkswagen Credit Auto Master Owner Trust (the Trust) was
created pursuant to the Trust Agreement (the Agreement) dated August 3,
2000 among Volkswagen Dealer Finance, LLC (the Company) as transferor,
and The Bank of New York as trustee (the Trustee). The Trust assets
include wholesale receivables (the Receivables) generated from time to
time in a portfolio of revolving financing arrangements with automobile
dealers to finance their automobile inventory and collections on the
Receivables. Such property was obtained by the Company pursuant to the
Receivables Purchase Agreement dated as of August 10, 2000 between the
Company, as purchaser, and VW Credit, Inc. as seller.



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The Company has registered with the Securities and Exchange
Commission under the Securities Act of 1933, as amended, and sold to the
general public the Series 2000-1, Floating Rate Auto Loan Asset Backed
Notes in the initial principal amount of $500,000,000. The Payment Date
Statements contain information relating to the Receivables and the
accounts from which the Receivables arise (the Accounts) and are
prepared by the Servicer. The Payment Date Statements containing
information relating to the Receivables and the Accounts for the
Collection Periods from and including January 2002 through December 2002
are incorporated by reference from the registrants Current Reports on
Form 8-K filed with the Commission on February 21, 2002, March 21, 2002,
April 18, 2002, May 22, 2002, June 25, 2002, July 24, 2002, August 23,
2002, September 26, 2002, October 29, 2002, November 22, 2002, December
30, 2002, and January 23, 2003, respectively.

Item 2. Properties.



| |         
| | --------
| | Omitted.

Item 3. Legal Proceedings.



| |                   
| | ------------------
| | Nothing to Report.

Item 4. Submission of Matters To A Vote Of Security Holders.



| |      
| | -----
| | None.




PART II

Item 5. Market for Registrants Common Equity and Related Stockholder Matters.



| | (a) |  | To the best knowledge of the registrant, there is
no established public trading market for the Notes.                                                    
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | (b) |  | The Notes are represented by one or more
certificates registered in the name of Cede & Co. (Cede), the
nominee of The Depository Trust Company (DTC).

Item 6. Selected Financial Data.



| |         
| | --------
| | Omitted.

Item 7. Managements Discussion And Analysis Of Financial Condition And Results Of Operation.



| |         
| | --------
| | Omitted.





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Item 8. Financial Statements and Supplementary Data.



| |         
| | --------
| | Omitted.

Item 9. Changes in and Disagreements On Accounting And Financial Disclosure.



| |      
| | -----
| | None.




PART III

Item 10. Directors and Officers of the Registrant.



| |         
| | --------
| | Omitted.

Item 11. Executive Compensation.



| |         
| | --------
| | Omitted.

Item 12. Security Ownership Of Certain Beneficial Owners And Management.



| |         
| | --------
| | Omitted.

Item 13. Certain Relationships And Related Transactions.



| |                   
| | ------------------
| | Nothing to Report.

Item 14. Controls and Procedures.



| |         
| | --------
| | Omitted.




PART IV

Item 15. Exhibits, Financial Statement Schedules, And Reports On Form 8-K.



| | (a) |  | (1) Omitted.                                                                                                                                                                                                                                                                                                                                                                                
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| |     |  | (2) Omitted.                                                                                                                                                                                                                                                                                                                                                                                
|
| |     |  | (3) The exhibits in response to Item 601 of Regulation S-K are
listed in the Exhibit Index.                                                                                                                                                                                                                                                                                                 
|
| | (b) |  | The registrant has filed Current Reports on Form
8-K containing certain financial information with regard to the
Trust, the Receivables and the Accounts, on February 21, 2002,
March 21, 2002, April 18, 2002, May 22, 2002, June 25, 2002,
July 24, 2002, August 23, 2002, September 26, 2002, October 29,
2002, November 22, 2002, December 30, 2002, and January 23,
2003, respectively.
|
| | (c) |  | The exhibits in response to Item 601 of Regulation S-K are listed in the Exhibit Index.                                                                                                                                                                                                                                                                                                     
|
| | (d) |  | Omitted.                                                                                                                                                                                                                                                                                                                                                                                    





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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

|                |  |                                |                              | 
|--------------- |  | ------------------------------ | ---------------------------- | 
|October 3, 2003 |  | VOLKSWAGEN DEALER FINANCE, LLC
|               
|                |  | By:                            | VW CREDIT, INC., as Servicer
|               
|                |  | By:                            |                              | 
|                |  |                                | /s/ Timothy J. Flaherty     
|                |  | Name:                          | Timothy J. Flaherty         
|                |  | Title:                         | Assistant Treasurer         





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EXHIBIT INDEX

Exhibit 31:Certification Pursuant to Section 302(A) of the
Sarbanes-Oxley Act of 2002.

Exhibit 99.1: Annual Certificate of VW Credit, Inc., as Servicer.

Exhibit 99.2:Report on the activities of VW Credit, Inc., as Servicer,
prepared by PricewaterhouseCoopers L.L.P.

Exhibit 99.3: The Payment Date Statements containing information
relating to the Receivables and the Accounts for the Collection Periods
from and including January 2002 through December 2002 are incorporated
by reference from the registrants Current Reports on Form 8-K filed
with the Commission on February 21, 2002, March 21, 2002, April 18,
2002, May 22, 2002, June 25, 2002, July 24, 2002, August 23, 2002,
September 26, 2002, October 29, 2002, November 22, 2002, December 30,
2002, and January 23, 2003, respectively.