|UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, DC 20549                                                                                             
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|FORM 10-K                                                                                                                                                                 
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|ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                      
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|For The Fiscal Year Ended December 31, 2004                                                                                                                               
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|or                                                                                                                                                                        
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|TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                  
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|For The Transition Period From ________________ to ________________                                                                                                       
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|Commission File Number 333-53688-04                                                                                                                                       
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|CIT Equipment Collateral 2004-EF1                                                                                                                                         
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|Delaware Trust
    (State or other jurisdiction of 
incorporation or organization)                                                                                        
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|c/o The CIT Group/Equipment Financing, Inc.
    1 CIT Drive, Livingston, New Jersey 07039
    (Address of principal executive offices)
    Telephone Number (973) 740-5000
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|Securities registered pursuant to Section 12(b) of the Act:                                                                                                               
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|Title of each class                                                                                                                                                       
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|Receivable-Backed Notes                                                                                                                                                   
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|Securities registered pursuant to Section 12(g) of the Act: None                                                                                                          

|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 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes  No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405
of this chapter) is not contained herein, and will not be contained, to the best of registrants
knowledge, in definitive proxy or information statements incorporated by reference in Part III of
this Form 10-K or any amendment to this Form 10-K.
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|Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of
the Act).  Yes   No
State the aggregate market value of the voting and non-voting common equity held by non-affiliates
computed by reference to the price at which the common equity was last sold, or the average bid and
asked price of such common equity, as of the last business day of the registrants most recently
completed second fiscal quarter. Not applicable
DOCUMENTS INCORPORATED BY REFERENCENot Applicable
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|Table of Contents
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|PART I           
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|Item             
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|2.               
|3.               
|4.               
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|PART II          
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|5.               
|9.               
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|PART III         
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|12.              
|13.              
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|PART IV          
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|15.              
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|PART I 
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|ITEM 2.
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|ITEM 3.
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|ITEM 4.
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|PART II
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|ITEM 5.
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|ITEM 9.
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|PART III
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|ITEM 12.
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|ITEM 13.
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|PART IV 
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|ITEM 15.
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| | **Date**   |  | **Items Reported** |  | **Monthly Reports Filed on Form 8-K**                                  
| | ---------- |  | ------------------ |  | -----------------------------------------------------------------------
| |            |  |                    |  |                                                                        
| |            |  |                    |  |                                                                        
| | 7/2/2004   |  | 2 and 7            |  | Acquisition or disposition of assets, financial statements and exhibits
| | 7/28/2004  |  | 5 and 7            |  | Monthly report to certificate holders                                  
| | 8/30/2004  |  | 8.01 and 9.01      |  | Monthly report to certificate holders                                  
| | 9/27/2004  |  | 8.01 and 9.01      |  | Monthly report to certificate holders                                  
| | 10/12/2004 |  | 8.01 and 9.01      |  | Monthly report to certificate holders                                  
| | 10/28/2004 |  | 8.01 and 9.01      |  | Monthly report to certificate holders                                  
| | 11/29/2004 |  | 8.01 and 9.01      |  | Monthly report to certificate holders                                  
| | 12/20/2004 |  | 8.01 and 9.01      |  | Monthly report to certificate holders                                  
| | 1/28/2005  |  | 8.01 and 9.01      |  | Monthly report to certificate holders                                  

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|SIGNATURES                                                                                                                                                                                                      
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|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.
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|Dated:  March 31, 2005                                                                                                                                                                                          

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|EXHIBIT INDEX
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|Exhibit No.  
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|99.1         
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|99.2         
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|99.3         
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|99.4         
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|99.5         
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