----

|   Delaware          | 37-1105865                    |
|--------------------------|-------------------------------|
| (State of incorporation) |  (IRS Employer I.D. No.) |
| 2120 West End Ave.Nashville, Tennessee   | 37203-0001 |
|------------------------------------------|------------|
| (Address of principal executive offices) | (Zip Code) |

----

----

|                                                                |   | Three Months Ended |   |
|---------------------------------------------------------------------|--------|--------------------|--------|
|                                                                |   | March 31,          |   |
|                                                                |   | 2011               |   |   | 2010 |   |
| Revenues:                                                           |   |               |   |   |   |   |
| Retail finance                                                      |   | $                  | 314    |   |   | $ | 345 |   |
| Operating lease                                                     |   |               | 219    |   |   |   | 225 |   |
| Wholesale finance                                                   |   |               | 65     |   |   |   | 40 |   |
| Other, net                                                          |   |               | 42     |   |   |   | 21 |   |
| Total revenues                                                      |   |               | 640    |   |   |   | 631 |   |
|                                                                |   |               |   |   |   |   |   |   |
| Expenses:                                                           |   |               |   |   |   |   |   |   |
| Interest                                                            |   |               | 204    |   |   |   | 234 |   |
| Depreciation on equipment leased to others                          |   |               | 171    |   |   |   | 176 |   |
| General, operating and administrative                               |   |               | 90     |   |   |   | 85 |   |
| Provision for credit losses                                         |   |               | 55     |   |   |   | 54 |   |
| Other                                                               |   |               | 6      |   |   |   | 11 |   |
| Total expenses                                                      |   |               | 526    |   |   |   | 560 |   |
|                                                                |   |               |   |   |   |   |   |   |
| Other income (expense)                                              |   |               | 1      |   |   |   | - |   |
|                                                                |   |               |   |   |   |   |   |   |
| Profit before income taxes                                          |   |               | 115    |   |   |   | 71 |   |
|                                                                |   |               |   |   |   |   |   |   |
| Provision for income taxes                                          |   |               | 29     |   |   |   | 16 |   |
|                                                                |   |               |   |   |   |   |   |   |
| Profit of consolidated companies                                    |   |               | 86     |   |   |   | 55 |   |
|                                                                |   |               |   |   |   |   |   |   |
| Less:  Profit attributable to noncontrolling interests    |   |               | 3      |   |   |   | 2 |   |
|                                                                |   |               |   |   |   |   |   |   |
| Profit1                                                             |   | $                  | 83     |   |   | $ | 53 |   |
|                                                                |   |               |   |   |   |   |   |   |
| 1Profit attributable to Caterpillar Financial Services Corporation. |   |               |   |   |   |   |   |   |
|                                                                |   |               |   |   |   |   |   |   |

----

|                                                      |   | March 31,                     |            |   | December 31,                  |   |
|-----------------------------------------------------------|--------|-------------------------------|-----------------|--------|-------------------------------|--------|
|                                                      |   |    2011   |            |   |    2010   |   |
| Assets:                                                   |   |                          |            |   |                          |   |
| Cash and cash equivalents                                 |   | $                             | 1,143           |   |                          | $      | 1,676 |   |
| Finance receivables                                       |   |                          |            |   |                          |   |   |   |
| Retail notes receivable                                   |   |                          | 9,112           |   |                          |   | 8,441 |   |
| Wholesale notes receivable                                |   |                          | 3,702           |   |                          |   | 2,785 |   |
| Finance leases and installment sale contracts - Retail    |   |                          | 12,643          |   |                          |   | 12,838 |   |
| Finance leases and installment sale contracts - Wholesale |   |                          | 462             |   |                          |   | 464 |   |
|                                                      |   |                          | 25,919          |   |                          |   | 24,528 |   |
| Less: Unearned income                                     |   |                          | (1,405          | )      |                          |   | (1,422 | ) |
| Less: Allowance for credit losses                         |   |                          | (380            | )      |                          |   | (363 | ) |
| Total net finance receivables                             |   |                          | 24,134          |   |                          |   | 22,743 |   |
|                                                      |   |                          |            |   |                          |   |   |   |
| Notes receivable from Caterpillar                         |   |                          | 244             |   |                          |   | 278 |   |
| Equipment on operating leases,                            |   |                          |            |   |                          |   |   |   |
| less accumulated depreciation                             |   |                          | 2,629           |   |                          |   | 2,711 |   |
| Deferred and refundable income taxes                      |   |                          | 120             |   |                          |   | 202 |   |
| Other assets                                              |   |                          |  1,110     |   |                          |   |  1,142 |   |
| Total assets                                              |   | $                             | 29,380          |   |                          | $      | 28,752 |   |
|                                                      |   |                          |            |   |                          |   |   |   |
| Liabilities and stockholder’s equity:               |   |                          |            |   |                          |   |   |   |
| Payable to dealers and others                             |   | $                             |  132       |   |                          | $      |  113 |   |
| Payable to Caterpillar - other                            |   |                          | 50              |   |                          |   | 54 |   |
| Accrued expenses                                          |   |                          | 269             |   |                          |   | 295 |   |
| Income taxes payable                                      |   |                          | 80              |   |                          |   | 90 |   |
| Payable to Caterpillar - borrowings                       |   |                          | -               |   |                          |   | 600 |   |
| Short-term borrowings                                     |   |                          | 5,218           |   |                          |   | 3,852 |   |
| Current maturities of long-term debt                      |   |                          | 3,934           |   |                          |   | 3,430 |   |
| Long-term debt                                            |   |                          | 15,428          |   |                          |   | 15,932 |   |
| Deferred income taxes and other liabilities               |   |                          |  525       |   |                          |   |  605 |   |
| Total liabilities                                         |   |                          | 25,636          |   |                          |   | 24,971 |   |
|                                                      |   |                          |            |   |                          |   |   |   |
| Commitments and contingent liabilities (Notes 8 and 9)    |   |                          |            |   |                          |   |   |   |
|                                                      |   |                          |            |   |                          |   |   |   |
| Common stock - $1 par value                               |   |                          |            |   |                          |   |   |   |
| Authorized:  2,000 shares; Issued and           |   |                          |            |   |                          |   |   |   |
| outstanding: one share (at paid-in amount)                |   |                          | 745             |   |                          |   | 745 |   |
| Additional paid-in capital                                |   |                          | 2               |   |                          |   | 2 |   |
| Retained earnings                                         |   |                          | 2,517           |   |                          |   | 2,734 |   |
| Accumulated other comprehensive income                    |   |                          | 393             |   |                          |   | 217 |   |
| Noncontrolling interests                                  |   |                          |    87 |   |                          |   |  83 |   |
| Total stockholder’s equity                          |   |                          | 3,744           |   |                          |   | 3,781 |   |
|                                                      |   |                          |            |   |                          |   |   |   |
| Total liabilities and stockholder’s equity          |   | $                             | 29,380          |   |                          | $      | 28,752 |   |
|                                                      |   |                          |            |   |                          |   |   |   |

----

| Three Months Ended March 31, 2010                               |   | Commonstock |   |   | Additional paid-in capital |   |   | Retained earnings |   |   | Accumulatedothercomprehensiveincome |   |   | Noncontrollinginterests |   |   | Total  |   |   | Comprehensiveincome/(loss) |   |
|-----------------------------------------------------------------|--------|-------------|--------|--------|----------------------------|--------|--------|-------------------|--------|--------|-------------------------------------|--------|--------|-------------------------|--------|--------|--------|--------|--------|----------------------------|--------|
| Balance at December 31, 2009                                    |   | $           | 745    |   |                       | $      | 2      |              |   | $      | 3,062                               |   |   | $                       | 264    |   |   | $      | 70     |                       |   | $ | 4,143 |   |   |   |   |
| Adjustment to adopt consolidation of variable-interest entities |   |        | -      |   |                       |   | -      |              |   |   | (6                                  | )      |   |                    | 3      |   |   |   | -      |                       |   |   | (3 | ) |   |   |   |
| Balance at January 1, 2010                                      |   | $           | 745    |   |                       | $      | 2      |              |   | $      | 3,056                               |   |   | $                       | 267    |   |   | $      | 70     |                       |   | $ | 4,140 |   |   |   |   |
| Profit of consolidated companies                                |   |        |   |   |                       |   |   |              |   |   | 53                                  |   |   |                    |   |   |   |   | 2      |                       |   |   | 55 |   |   | $ | 55 |   |
| Dividend paid to Cat Inc.                                       |   |        |   |   |                       |   |   |              |   |   | (600                                | )      |   |                    |   |   |   |   |   |                       |   |   | (600 | ) |   |   | - |   |
| Foreign currency translation,                                   |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| net of tax of $64                                               |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    | (139   | )      |   |   |   |                       |   |   | (139 | ) |   |   | (139 | ) |
| Derivative financial instruments                                |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| Gains (losses) deferred,                                        |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| net of tax of  $2                                     |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    | (4     | )      |   |   |   |                       |   |   | (4 | ) |   |   | (4 | ) |
| (Gains) losses reclassified to earnings, net of tax of $6       |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    | 11     |   |   |   |   |                       |   |   | 11 |   |   |   | 11 |   |
| Balance at March 31, 2010                                       |   | $           | 745    |   |                       | $      | 2      |              |   | $      | 2,509                               |   |   | $                       | 135    |   |   | $      | 72     |                       |   | $ | 3,463 |   |   | $ | (77 | )  |
|                                                            |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| Three Months Ended March 31, 2011                               |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| Balance at December 31, 2010                                    |   | $           | 745    |   |                       | $      | 2      |              |   | $      | 2,734                               |   |   | $                       | 217    |   |   | $      | 83     |                       |   | $ | 3,781 |   |   |   |   |   |
| Profit of consolidated companies                                |   |        |   |   |                       |   |   |              |   |   | 83                                  |   |   |                    |   |   |   |   | 3      |                       |   |   | 86 |   |   | $ | 86 |   |
| Dividend paid to Cat Inc.                                       |   |        |   |   |                       |   |   |              |   |   | (300                                | )      |   |                    |   |   |   |   |   |                       |   |   | (300 | ) |   |   | - |   |
| Foreign currency translation,                                   |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| net of tax of $63                                               |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    | 171    |   |   |   | 1      |                       |   |   | 172 |   |   |   | 172 |   |
| Derivative financial instruments                                |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| Gains (losses) deferred,                                        |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    |   |   |   |   |   |                       |   |   |   |   |   |   |   |   |
| net of tax of $-                                                |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    | -      |   |   |   |   |                       |   |   | - |   |   |   | - |   |
| (Gains) losses reclassified to earnings, net of tax of $1       |   |        |   |   |                       |   |   |              |   |   |                                |   |   |                    | 5      |   |   |   |   |                       |   |   | 5 |   |   |   | 5 |   |
| Balance at March 31, 2011                                       |   | $           | 745    |   |                       | $      | 2      |              |   | $      | 2,517                               |   |   | $                       | 393    |   |   | $      | 87     |                       |   | $ | 3,744 |   |   | $ | 263 |   |
|                                                            |   |
|                                                            |   |

----

|                                                                                                                                                                                                                                                                                                                                                           |   | Three Months Ended |           |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------------|
|                                                                                                                                                                                                                                                                                                                                                           |   | March 31,          |           |
|                                                                                                                                                                                                                                                                                                                                                           |   |  2011    |           |   |    2010    |   |
| Cash flows from operating activities:                                                                                                                                                                                                                                                                                                                          |   |               |           |   |   |   |
| Profit of consolidated companies                                                                                                                                                                                                                                                                                                                               |   | $                  | 86             |   |   | $ | 55 |   |
| Adjustments for non-cash items:                                                                                                                                                                                                                                                                                                                                |   |               |           |   |   |   |   |   |
|         Depreciation and amortization                                                                                                                                                                                                                                                                                  |   |               | 176            |   |   |   | 183 |   |
| Amortization of receivables purchase discount                                                                                                                                                                                                                                                                                                                  |   |               | (45            | ) |   |   | (27 | ) |
| Provision for credit losses                                                                                                                                                                                                                                                                                                                                    |   |               | 55             |   |   |   | 54 |   |
| Gain on sales of receivables                                                                                                                                                                                                                                                                                                                                   |   |               | (1             | ) |   |   | - |   |
| Other, net                                                                                                                                                                                                                                                                                                                                                     |   |               | 4              |   |   |   | (77 | ) |
| Changes in assets and liabilities:                                                                                                                                                                                                                                                                                                                             |   |               |           |   |   |   |   |   |
| Receivables from others                                                                                                                                                                                                                                                                                                                                        |   |               | (28            | ) |   |   | (2 | ) |
| Other receivables/payables with Caterpillar                                                                                                                                                                                                                                                                                                                    |   |               | (15            | ) |   |   | - |   |
| Payable to dealers and others                                                                                                                                                                                                                                                                                                                                  |   |               | 16             |   |   |   | - |   |
| Accrued interest payable                                                                                                                                                                                                                                                                                                                                       |   |               | (11            | ) |   |   | (16 | ) |
| Accrued expenses and other liabilities, net                                                                                                                                                                                                                                                                                                                    |   |               | (33            | ) |   |   | 8 |   |
| Income taxes payable                                                                                                                                                                                                                                                                                                                                           |   |               | 72             |   |   |   | (22 | ) |
| Net cash provided by operating activities                                                                                                                                                                                                                                                                                                                      |   |               |  276      |   |   |   |  156 |   |
| Cash flows from investing activities:                                                                                                                                                                                                                                                                                                                          |   |               |           |   |   |   |   |   |
| Expenditures for equipment on operating leases and for non-leased equipment                                                                                                                                                                                                                                                                                    |   |               | (180           | ) |   |   | (174 | ) |
| Proceeds from disposals of equipment                                                                                                                                                                                                                                                                                                                           |   |               | 294            |   |   |   | 336 |   |
| Additions to finance receivables                                                                                                                                                                                                                                                                                                                               |   |               | (10,297        | ) |   |   | (4,816 | ) |
| Collections of finance receivables                                                                                                                                                                                                                                                                                                                             |   |               | 8,995          |   |   |   | 5,093 |   |
| Proceeds from sales of receivables                                                                                                                                                                                                                                                                                                                             |   |               | 33             |   |   |   | 2 |   |
| Net change in variable lending to Caterpillar                                                                                                                                                                                                                                                                                                                  |   |               | 55             |   |   |   | (6 | ) |
| Additions to other notes receivable with Caterpillar                                                                                                                                                                                                                                                                                                           |   |               | (25            | ) |   |   | - |   |
| Collections on other notes receivable with Caterpillar                                                                                                                                                                                                                                                                                                         |   |               | 5              |   |   |   | - |   |
| Restricted cash and cash equivalents activity, net                                                                                                                                                                                                                                                                                                             |   |               | 10             |   |   |   | 14 |   |
| Other, net                                                                                                                                                                                                                                                                                                                                                     |   |               |    6 |   |   |   |    25 |   |
| Net cash (used in) provided by investing activities                                                                                                                                                                                                                                                                                                            |   |               | (1,104         | ) |   |   |  474 |   |
| Cash flows from financing activities:                                                                                                                                                                                                                                                                                                                          |   |               |           |   |   |   |   |   |
| Net change in variable lending from Caterpillar                                                                                                                                                                                                                                                                                                                |   |               | -              |   |   |   | (26 | ) |
| Proceeds from borrowings with Caterpillar                                                                                                                                                                                                                                                                                                                      |   |               | -              |   |   |   | 600 |   |
| Payments on borrowings with Caterpillar                                                                                                                                                                                                                                                                                                                        |   |               | (600           | ) |   |   | - |   |
| Proceeds from debt issued (original maturities greater than three months)                                                                                                                                                                                                                                                                                      |   |               | 1,261          |   |   |   | 1,264 |   |
| Payments on debt issued (original maturities greater than three months)                                                                                                                                                                                                                                                                                        |   |               | (1,624         | ) |   |   | (2,729 | ) |
| Short-term borrowings, net (original maturities three months or less)                                                                                                                                                                                                                                                                                          |   |               | 1,526          |   |   |   | 167 |   |
| Dividend paid to Caterpillar                                                                                                                                                                                                                                                                                                                                   |   |               | (300           | ) |   |   | (600 | ) |
| Net cash provided by (used in) financing activities                                                                                                                                                                                                                                                                                                            |   |               | 263            |   |   |   | (1,324 | ) |
|                                                                                                                                                                                                                                                                                                                                                           |   |               |           |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents                                                                                                                                                                                                                                                                                                   |   |               |   32 |   |   |   |   (49 | ) |
|                                                                                                                                                                                                                                                                                                                                                           |   |               |           |   |   |   |   |   |
| (Decrease) in cash and cash equivalents                                                                                                                                                                                                                                                                                                                        |   |               | (533           | ) |   |   | (743 | ) |
|                                                                                                                                                                                                                                                                                                                                                           |   |               |           |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                               |   |               | 1,676          |   |   |   | 2,536 |   |
|                                                                                                                                                                                                                                                                                                                                                           |   |               |           |   |   |   |   |   |
| Cash and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                     |   | $                  | 1,143          |   |   | $ | 1,793 |   |
|                                                                                                                                                                                                                                                                                                                                                           |   |               |           |   |   |   |   |   |
| Non-cash activity: On January 1, 2010, we adopted the provisions of the new consolidation of variable-interest entities accounting guidance, which resulted in the consolidation of qualifying special purpose entities related to our asset-backed securitization program which had previously been recorded off-balance sheet. Please refer to Note 4B. |   |
|                                                                                                                                                                                                                                                                                                                                                           |   |

----

| 1. | Basis of Presentation |
|----|-----------------------|

----

| 2. | Accumulated Other Comprehensive Income |
|----|----------------------------------------|

| (Millions of dollars)                        |   |           |   |   |           |   |
|----------------------------------------------|--------|----------------|--------|--------|----------------|--------|
|                                         |   | March 31, 2011 |   |   | March 31, 2010 |   |
| Foreign currency translation                 |   | $              | 402    |   |           | $      | 169 |   |
| Derivative financial instruments             |   |           | (9     | )      |           |   | (34 | ) |
| Total Accumulated other comprehensive income |   | $              | 393    |   |           | $      | 135 |   |
|                                         |   |           |   |   |           |   |   |   |

| 3. | New Accounting Pronouncements |
|----|-------------------------------|

----

| 4. | Financing Activities |
|----|----------------------|

| A. | Credit Quality of Financing Receivables and Allowance for Credit Losses |
|----|-------------------------------------------------------------------------|

| ·   | Customer - Finance receivables with the customer. |
|--------------------|---------------------------------------------------|

| ·   | Dealer - Finance receivables with Caterpillar dealers. |
|--------------------|--------------------------------------------------------|

| ·   | Caterpillar Purchased Receivables - Trade receivables purchased from Caterpillar entities. |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | North America - Finance receivables originated in the United States or Canada. |
|--------------------|--------------------------------------------------------------------------------|

| ·   | Europe - Finance receivables originated in Europe, Africa, Middle East and the Commonwealth of Independent States. |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

| ·   | Asia Pacific - Finance receivables originated in Australia, New Zealand, China, Japan, South Korea and Southeast Asia, as well as large mining customers worldwide. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Latin America - Finance receivables originated in Central and South American countries and Mexico. |
|--------------------|----------------------------------------------------------------------------------------------------|

| ·   | Global Power Finance - Finance receivables related to marine vessels with Caterpillar engines worldwide and Caterpillar electrical power generation, gas compression and co-generation systems and non-Caterpillar equipment that is powered by these systems worldwide. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (Millions of dollars)                                           |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |
|-----------------------------------------------------------------|--------|----------------------|--------|--------|--------------------------|--------|--------|-------------------|--------|--------|---------------------|--------|--------|--------------------------|--------|--------|-------------------|--------|
|                                                            |   | As of March 31, 2011 |   |   | As of December 31, 2010  |   |
| Impaired Loans and Finance Leases With No Allowance Recorded(1) |   | Recorded Investment  |   |   | Unpaid Principal Balance |   |   | Related Allowance |   |   | Recorded Investment |   |   | Unpaid Principal Balance |   |   | Related Allowance |   |
| Customer                                                        |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |
|    North America                                 |   | $                    | 81     |   |                     | $      | 80     |              |   | $      | -                   |   |   | $                        | 87     |   |              | $      | 87 |   |   | $ | - |   |
|    Europe                                        |   |                 | 6      |   |                     |   | 4      |              |   |   | -                   |   |   |                     | 6      |   |              |   | 4 |   |   |   | - |   |
|    Asia Pacific                                  |   |                 | 14     |   |                     |   | 14     |              |   |   | -                   |   |   |                     | 13     |   |              |   | 13 |   |   |   | - |   |
|    Latin America                                 |   |                 | 4      |   |                     |   | 4      |              |   |   | -                   |   |   |                     | 3      |   |              |   | 3 |   |   |   | - |   |
|    Global Power Finance                          |   |                 | 238    |   |                     |   | 238    |              |   |   | -                   |   |   |                     | 174    |   |              |   | 174 |   |   |   | - |   |
| Total                                                           |   | $                    | 343    |   |                     | $      | 340    |              |   | $      | -                   |   |   | $                        | 283    |   |              | $      | 281 |   |   | $ | - |   |
|                                                            |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |   |   |   |   |   |   |
| Impaired Loans and Finance Leases With An Allowance Recorded    |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |   |   |   |   |   |   |
| Customer                                                        |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |   |   |   |   |   |   |
|    North America                                 |   | $                    | 178    |   |                     | $      | 173    |              |   | $      | 38                  |   |   | $                        | 191    |   |              | $      | 185 |   |   | $ | 44 |   |
|    Europe                                        |   |                 | 60     |   |                     |   | 56     |              |   |   | 16                  |   |   |                     | 62     |   |              |   | 57 |   |   |   | 15 |   |
|    Asia Pacific                                  |   |                 | 27     |   |                     |   | 26     |              |   |   | 10                  |   |   |                     | 27     |   |              |   | 27 |   |   |   | 7 |   |
|    Latin America                                 |   |                 | 46     |   |                     |   | 46     |              |   |   | 9                   |   |   |                     | 44     |   |              |   | 43 |   |   |   | 9 |   |
|    Global Power Finance                          |   |                 | 51     |   |                     |   | 50     |              |   |   | 9                   |   |   |                     | 34     |   |              |   | 33 |   |   |   | 4 |   |
| Total                                                           |   | $                    | 362    |   |                     | $      | 351    |              |   | $      | 82                  |   |   | $                        | 358    |   |              | $      | 345 |   |   | $ | 79 |   |
|                                                            |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |   |   |   |   |   |   |
| Total Impaired Loans and Finance Leases                         |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |   |   |   |   |   |   |
| Customer                                                        |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |   |   |   |   |   |   |
|    North America                                 |   | $                    | 259    |   |                     | $      | 253    |              |   | $      | 38                  |   |   | $                        | 278    |   |              | $      | 272 |   |   | $ | 44 |   |
|    Europe                                        |   |                 | 66     |   |                     |   | 60     |              |   |   | 16                  |   |   |                     | 68     |   |              |   | 61 |   |   |   | 15 |   |
|    Asia Pacific                                  |   |                 | 41     |   |                     |   | 40     |              |   |   | 10                  |   |   |                     | 40     |   |              |   | 40 |   |   |   | 7 |   |
|    Latin America                                 |   |                 | 50     |   |                     |   | 50     |              |   |   | 9                   |   |   |                     | 47     |   |              |   | 46 |   |   |   | 9 |   |
|    Global Power Finance                          |   |                 | 289    |   |                     |   | 288    |              |   |   | 9                   |   |   |                     | 208    |   |              |   | 207 |   |   |   | 4 |   |
| Total                                                           |   | $                    | 705    |   |                     | $      | 691    |              |   | $      | 82                  |   |   | $                        | 641    |   |              | $      | 626 |   |   | $ | 79 |   |
|                                                            |   |                 |   |   |                     |   |   |              |   |   |                |   |   |                     |   |   |              |   |   |   |   |   |   |   |

----

| (Millions of dollars)                                           |   |                              |   |   |                              |   |   |                        |   |   |                       |   |
|-----------------------------------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------------|--------|--------|-----------------------------|--------|--------|----------------------------|--------|
|                                                            |   | Three Months Ended March 31, 2011 |   |   | Three Months Ended March 31, 2010 |   |
| Impaired Loans and Finance Leases With No Allowance Recorded(1) |   | Average Recorded Investment       |   |   | Interest Income Recognized        |   |   | Average Recorded Investment |   |   | Interest Income Recognized |   |
| Customer                                                        |   |                              |   |   |                              |   |   |                        |   |   |                       |   |
|    North America                                 |   | $                                 | 84     |   |                              | $      | 1      |                        |   | $      | 21                         |   |   | $ | - |   |
|    Europe                                        |   |                              | 7      |   |                              |   | -      |                        |   |   | 9                          |   |   |   | - |   |
|    Asia Pacific                                  |   |                              | 13     |   |                              |   | -      |                        |   |   | 9                          |   |   |   | - |   |
|    Latin America                                 |   |                              | 4      |   |                              |   | -      |                        |   |   | 4                          |   |   |   | - |   |
|    Global Power Finance                          |   |                              | 211    |   |                              |   | 1      |                        |   |   | 35                         |   |   |   | - |   |
| Total                                                           |   | $                                 | 319    |   |                              | $      | 2      |                        |   | $      | 78                         |   |   | $ | - |   |
|                                                            |   |                              |   |   |                              |   |   |                        |   |   |                       |   |   |   |   |   |
| Impaired Loans and Finance Leases With An Allowance Recorded    |   |                              |   |   |                              |   |   |                        |   |   |                       |   |   |   |   |   |
| Customer                                                        |   |                              |   |   |                              |   |   |                        |   |   |                       |   |   |   |   |   |
|    North America                                 |   | $                                 | 191    |   |                              | $      | 2      |                        |   | $      | 291                        |   |   | $ | 3 |   |
|    Europe                                        |   |                              | 64     |   |                              |   | 1      |                        |   |   | 94                         |   |   |   | 1 |   |
|    Asia Pacific                                  |   |                              | 27     |   |                              |   | -      |                        |   |   | 43                         |   |   |   | 1 |   |
|    Latin America                                 |   |                              | 47     |   |                              |   | 1      |                        |   |   | 31                         |   |   |   | 1 |   |
|    Global Power Finance                          |   |                              | 48     |   |                              |   | -      |                        |   |   | 16                         |   |   |   | - |   |
| Total                                                           |   | $                                 | 377    |   |                              | $      | 4      |                        |   | $      | 475                        |   |   | $ | 6 |   |
|                                                            |   |                              |   |   |                              |   |   |                        |   |   |                       |   |   |   |   |   |
| Total Impaired Loans and Finance Leases                         |   |                              |   |   |                              |   |   |                        |   |   |                       |   |   |   |   |   |
| Customer                                                        |   |                              |   |   |                              |   |   |                        |   |   |                       |   |   |   |   |   |
|    North America                                 |   | $                                 | 275    |   |                              | $      | 3      |                        |   | $      | 312                        |   |   | $ | 3 |   |
|    Europe                                        |   |                              | 71     |   |                              |   | 1      |                        |   |   | 103                        |   |   |   | 1 |   |
|    Asia Pacific                                  |   |                              | 40     |   |                              |   | -      |                        |   |   | 52                         |   |   |   | 1 |   |
|    Latin America                                 |   |                              | 51     |   |                              |   | 1      |                        |   |   | 35                         |   |   |   | 1 |   |
|    Global Power Finance                          |   |                              | 259    |   |                              |   | 1      |                        |   |   | 51                         |   |   |   | - |   |
| Total                                                           |   | $                                 | 696    |   |                              | $      | 6      |                        |   | $      | 553                        |   |   | $ | 6 |   |
|                                                            |   |                              |   |   |                              |   |   |                        |   |   |                       |   |   |   |   |   |

----

| (Millions of dollars)                  |   |           |   |   |              |   |
|----------------------------------------|--------|----------------|--------|--------|-------------------|--------|
|                                   |   | March 31, 2011 |   |   | December 31, 2010 |   |
| Customer                               |   |           |   |   |              |   |
|    North America        |   | $              | 193    |   |              | $      | 217 |   |
|    Europe               |   |           | 84     |   |              |   | 89 |   |
|    Asia Pacific         |   |           | 32     |   |              |   | 31 |   |
|    Latin America        |   |           | 147    |   |              |   | 139 |   |
|    Global Power Finance |   |           | 183    |   |              |   | 163 |   |
| Total                                  |   | $              | 639    |   |              | $      | 639 |   |
|                                   |   |           |   |   |              |   |   |   |

| (Millions of dollars)                  |   |           |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |
|----------------------------------------|--------|----------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|---------------|--------|--------|---------|--------|--------|--------------------------|--------|
|                                   |   | March 31, 2011 |   |
|                                   |   |           | 31-60  |   |   |   | 61-90  |   |   |   | 91+    |   |   | TotalPast Due |   |   | Current |   |   | Total FinanceReceivables |   |   | 91+ StillAccruing |   |
| Customer                               |   |           |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |
|    North America        |   | $              | 103    |   |   | $      | 60     |   |   | $      | 196    |   |   | $             | 359    |   |    | $      | 5,380  |                     |   | $ | 5,739 |   |   | $ | 26 |   |
|    Europe               |   |           | 56     |   |   |   | 25     |   |   |   | 103    |   |   |          | 184    |   |    |   | 2,335  |                     |   |   | 2,519 |   |   |   | 26 |   |
|    Asia Pacific         |   |           | 61     |   |   |   | 42     |   |   |   | 53     |   |   |          | 156    |   |    |   | 4,001  |                     |   |   | 4,157 |   |   |   | 22 |   |
|    Latin America        |   |           | 38     |   |   |   | 20     |   |   |   | 134    |   |   |          | 192    |   |    |   | 2,249  |                     |   |   | 2,441 |   |   |   | 1 |   |
|    Global Power Finance |   |           | 21     |   |   |   | 42     |   |   |   | 60     |   |   |          | 123    |   |    |   | 2,895  |                     |   |   | 3,018 |   |   |   | 12 |   |
| Dealer                                 |   |           |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |   |   |   |   |
|    North America        |   |           | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 2,419  |                     |   |   | 2,419 |   |   |   | - |   |
|    Europe               |   |           | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 337    |                     |   |   | 337 |   |   |   | - |   |
|    Asia Pacific         |   |           | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 343    |                     |   |   | 343 |   |   |   | - |   |
|    Latin America        |   |           | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 648    |                     |   |   | 648 |   |   |   | - |   |
|    Global Power Finance |   |           | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 1      |                     |   |   | 1 |   |   |   | - |   |
| Caterpillar Purchased Receivables      |   |           |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |   |   |   |   |
|    North America        |   |           | 3      |   |   |   | 1      |   |   |   | 1      |   |   |          | 5      |   |    |   | 1,534  |                     |   |   | 1,539 |   |   |   | 1 |   |
|    Europe               |   |           | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 406    |                     |   |   | 406 |   |   |   | - |   |
|    Asia Pacific         |   |           | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 514    |                     |   |   | 514 |   |   |   | - |   |
|    Latin America        |   |           | 12     |   |   |   | -      |   |   |   | -      |   |   |          | 12     |   |    |   | 362    |                     |   |   | 374 |   |   |   | - |   |
|    Global Power Finance |   |           | -      |   |   |   | -      |   |   |   | 1      |   |   |          | 1      |   |    |   | 58     |                     |   |   | 59 |   |   |   | 1 |   |
| Total                                  |   | $              | 294    |   |   | $      | 190    |   |   | $      | 548    |   |   | $             | 1,032  |   |    | $      | 23,482 |                     |   | $ | 24,514 |   |   | $ | 89 |   |
|                                   |   |           |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |   |   |   |   |

----

| (Millions of dollars)                  |   |              |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |
|----------------------------------------|--------|-------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|---------------|--------|--------|---------|--------|--------|--------------------------|--------|
|                                   |   | December 31, 2010 |   |
|                                   |   |              | 31-60  |   |   |   | 61-90  |   |   |   | 91+    |   |   | TotalPast Due |   |   | Current |   |   | Total FinanceReceivables |   |   | 91+ StillAccruing |   |
| Customer                               |   |              |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |
|    North America        |   | $                 | 139    |   |   | $      | 44     |   |   | $      | 228    |   |   | $             | 411    |   |    | $      | 6,037  |                     |   | $ | 6,448 |   |   | $ | 27 |   |
|    Europe               |   |              | 27     |   |   |   | 12     |   |   |   | 106    |   |   |          | 145    |   |    |   | 2,365  |                     |   |   | 2,510 |   |   |   | 26 |   |
|    Asia Pacific         |   |              | 63     |   |   |   | 17     |   |   |   | 37     |   |   |          | 117    |   |    |   | 3,412  |                     |   |   | 3,529 |   |   |   | 12 |   |
|    Latin America        |   |              | 44     |   |   |   | 16     |   |   |   | 144    |   |   |          | 204    |   |    |   | 2,222  |                     |   |   | 2,426 |   |   |   | 1 |   |
|    Global Power Finance |   |              | 18     |   |   |   | 17     |   |   |   | 54     |   |   |          | 89     |   |    |   | 2,978  |                     |   |   | 3,067 |   |   |   | 25 |   |
| Dealer                                 |   |              |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |   |   |   |   |
|    North America        |   |              | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 1,993  |                     |   |   | 1,993 |   |   |   | - |   |
|    Europe               |   |              | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 344    |                     |   |   | 344 |   |   |   | - |   |
|    Asia Pacific         |   |              | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 296    |                     |   |   | 296 |   |   |   | - |   |
|    Latin America        |   |              | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 659    |                     |   |   | 659 |   |   |   | - |   |
|    Global Power Finance |   |              | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 19     |                     |   |   | 19 |   |   |   | - |   |
| Caterpillar Purchased Receivables      |   |              |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |   |   |   |   |
|    North America        |   |              | 3      |   |   |   | 1      |   |   |   | 1      |   |   |          | 5      |   |    |   | 1,285  |                     |   |   | 1,290 |   |   |   | 1 |   |
|    Europe               |   |              | 1      |   |   |   | -      |   |   |   | -      |   |   |          | 1      |   |    |   | 109    |                     |   |   | 110 |   |   |   | - |   |
|    Asia Pacific         |   |              | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 215    |                     |   |   | 215 |   |   |   | - |   |
|    Latin America        |   |              | -      |   |   |   | -      |   |   |   | -      |   |   |          | -      |   |    |   | 173    |                     |   |   | 173 |   |   |   | - |   |
|    Global Power Finance |   |              | 3      |   |   |   | -      |   |   |   | -      |   |   |          | 3      |   |    |   | 24     |                     |   |   | 27 |   |   |   | - |   |
| Total                                  |   | $                 | 298    |   |   | $      | 107    |   |   | $      | 570    |   |   | $             | 975    |   |    | $      | 22,131 |                     |   | $ | 23,106 |   |   | $ | 92 |   |
|                                   |   |              |   |   |   |   |   |   |   |   |   |   |   |          |   |   |    |   |   |                     |   |   |   |   |   |   |   |   |

----

| (Millions of dollars)                                              |   |           |   |   |   |   |   |                             |   |   |   |   |
|--------------------------------------------------------------------|--------|----------------|--------|--------|--------|--------|--------|----------------------------------|--------|--------|--------|--------|
|                                                               |   | March 31, 2011 |   |
| Allowance for Credit Losses:                                       |   | Customer       |   |   | Dealer |   |   | Caterpillar PurchasedReceivables |   |   | Total  |   |
| Balance at beginning of period                                     |   | $              | 357    |   |   | $      | 5      |                             |   | $      | 1      |   |   | $ | 363 |   |
|    Receivables written off                          |   |           | (54    | )      |   |   | -      |                             |   |   | -      |   |   |   | (54 | ) |
|    Recoveries on receivables previously written off |   |           | 13     |   |   |   | -      |                             |   |   | -      |   |   |   | 13 |   |
|    Provision for credit losses                      |   |           | 52     |   |   |   | 1      |                             |   |   | 2      |   |   |   | 55 |   |
|    Adjustment due to sale of receivables            |   |           | -      |   |   |   | -      |                             |   |   | -      |   |   |   | - |   |
|    Foreign currency translation adjustment          |   |           | 3      |   |   |   | -      |                             |   |   | -      |   |   |   | 3 |   |
| Balance at end of period                                           |   | $              | 371    |   |   | $      | 6      |                             |   | $      | 3      |   |   | $ | 380 |   |
|                                                               |   |           |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment                              |   | $              | 82     |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 82 |   |
| Collectively evaluated for impairment                              |   |           | 289    |   |   |   | 6      |                             |   |   | 3      |   |   |   | 298 |   |
| Ending Balance                                                     |   | $              | 371    |   |   | $      | 6      |                             |   | $      | 3      |   |   | $ | 380 |   |
|                                                               |   |           |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
| Recorded Investment in Finance Receivables:                        |   |           |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment                              |   | $              | 705    |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 705 |   |
| Collectively evaluated for impairment                              |   |           | 17,169 |   |   |   | 3,748  |                             |   |   | 2,892  |   |   |   | 23,809 |   |
| Ending Balance                                                     |   | $              | 17,874 |   |   | $      | 3,748  |                             |   | $      | 2,892  |   |   | $ | 24,514 |   |
|                                                               |   |           |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |

----

| (Millions of dollars)                                                             |   |              |   |   |   |   |   |                             |   |   |   |   |
|-----------------------------------------------------------------------------------|--------|-------------------|--------|--------|--------|--------|--------|----------------------------------|--------|--------|--------|--------|
| Allowance for Credit Losses:                                                      |   | December 31, 2010 |   |   |   |   |   |                             |   |   |   |   |
| Balance at beginning of year                                                      |   | $                 | 377    |   |   |   |   |                             |   |   |   |   |   |
|    Adjustment to adopt consolidation of variable-interest entities |   |              | 18     |   |   |   |   |                             |   |   |   |   |   |
|    Receivables written off                                         |   |              | (288   | )      |   |   |   |                             |   |   |   |   |   |
|    Recoveries on receivables previously written off                |   |              | 51     |   |   |   |   |                             |   |   |   |   |   |
|    Provision for credit losses                                     |   |              | 205    |   |   |   |   |                             |   |   |   |   |   |
|    Adjustment due to sale of receivables                           |   |              | -      |   |   |   |   |                             |   |   |   |   |   |
|    Foreign currency translation adjustment                         |   |              | -      |   |   |   |   |                             |   |   |   |   |   |
| Balance at end of year                                                            |   | $                 | 363    |   |   |   |   |                             |   |   |   |   |   |
|                                                                              |   |              |   |   |   |   |   |                             |   |   |   |   |   |
|                                                                              |   | December 31, 2010 |   |
|                                                                              |   | Customer          |   |   | Dealer |   |   | Caterpillar PurchasedReceivables |   |   | Total  |   |
| Individually evaluated for impairment                                             |   | $                 | 79     |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 79 |   |
| Collectively evaluated for impairment                                             |   |              | 278    |   |   |   | 5      |                             |   |   | 1      |   |   |   | 284 |   |
| Ending Balance                                                                    |   | $                 | 357    |   |   | $      | 5      |                             |   | $      | 1      |   |   | $ | 363 |   |
|                                                                              |   |              |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
| Recorded Investment in Finance Receivables:                                       |   |              |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment                                             |   | $                 | 641    |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 641 |   |
| Collectively evaluated for impairment                                             |   |              | 17,339 |   |   |   | 3,311  |                             |   |   | 1,815  |   |   |   | 22,465 |   |
| Ending Balance                                                                    |   | $                 | 17,980 |   |   | $      | 3,311  |                             |   | $      | 1,815  |   |   | $ | 23,106 |   |
|                                                                              |   |              |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |

----

| (Millions of dollars)                  |   |           |   |   |   |   |   |                             |   |   |   |   |
|----------------------------------------|--------|----------------|--------|--------|--------|--------|--------|----------------------------------|--------|--------|--------|--------|
|                                   |   | March 31, 2011 |   |
|                                   |   | Customer       |   |   | Dealer |   |   | Caterpillar PurchasedReceivables |   |   | Total  |   |
| Performing                             |   |           |   |   |   |   |   |                             |   |   |   |   |
|    North America        |   | $              | 5,546  |   |   | $      | 2,419  |                             |   | $      | 1,539  |   |   | $ | 9,504 |   |
|    Europe               |   |           | 2,435  |   |   |   | 337    |                             |   |   | 406    |   |   |   | 3,178 |   |
|    Asia Pacific         |   |           | 4,125  |   |   |   | 343    |                             |   |   | 514    |   |   |   | 4,982 |   |
|    Latin America        |   |           | 2,294  |   |   |   | 648    |                             |   |   | 374    |   |   |   | 3,316 |   |
|    Global Power Finance |   |           | 2,835  |   |   |   | 1      |                             |   |   | 59     |   |   |   | 2,895 |   |
| Total Performing                       |   | $              | 17,235 |   |   | $      | 3,748  |                             |   | $      | 2,892  |   |   | $ | 23,875 |   |
| Non-Performing                         |   |           |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
|    North America        |   | $              | 193    |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 193 |   |
|    Europe               |   |           | 84     |   |   |   | -      |                             |   |   | -      |   |   |   | 84 |   |
|    Asia Pacific         |   |           | 32     |   |   |   | -      |                             |   |   | -      |   |   |   | 32 |   |
|    Latin America        |   |           | 147    |   |   |   | -      |                             |   |   | -      |   |   |   | 147 |   |
|    Global Power Finance |   |           | 183    |   |   |   | -      |                             |   |   | -      |   |   |   | 183 |   |
| Total Non-Performing                   |   | $              | 639    |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 639 |   |
| Total Performing and Non-Performing    |   |           |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
|    North America        |   | $              | 5,739  |   |   | $      | 2,419  |                             |   | $      | 1,539  |   |   | $ | 9,697 |   |
|    Europe               |   |           | 2,519  |   |   |   | 337    |                             |   |   | 406    |   |   |   | 3,262 |   |
|    Asia Pacific         |   |           | 4,157  |   |   |   | 343    |                             |   |   | 514    |   |   |   | 5,014 |   |
|    Latin America        |   |           | 2,441  |   |   |   | 648    |                             |   |   | 374    |   |   |   | 3,463 |   |
|    Global Power Finance |   |           | 3,018  |   |   |   | 1      |                             |   |   | 59     |   |   |   | 3,078 |   |
| Total                                  |   | $              | 17,874 |   |   | $      | 3,748  |                             |   | $      | 2,892  |   |   | $ | 24,514 |   |
|                                   |   |           |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |

----

| (Millions of dollars)                  |   |              |   |   |   |   |   |                             |   |   |   |   |
|----------------------------------------|--------|-------------------|--------|--------|--------|--------|--------|----------------------------------|--------|--------|--------|--------|
|                                   |   | December 31, 2010 |   |
|                                   |   | Customer          |   |   | Dealer |   |   | Caterpillar PurchasedReceivables |   |   | Total  |   |
| Performing                             |   |              |   |   |   |   |   |                             |   |   |   |   |
|    North America        |   | $                 | 6,231  |   |   | $      | 1,993  |                             |   | $      | 1,290  |   |   | $ | 9,514 |   |
|    Europe               |   |              | 2,421  |   |   |   | 344    |                             |   |   | 110    |   |   |   | 2,875 |   |
|    Asia Pacific         |   |              | 3,498  |   |   |   | 296    |                             |   |   | 215    |   |   |   | 4,009 |   |
|    Latin America        |   |              | 2,287  |   |   |   | 659    |                             |   |   | 173    |   |   |   | 3,119 |   |
|    Global Power Finance |   |              | 2,904  |   |   |   | 19     |                             |   |   | 27     |   |   |   | 2,950 |   |
| Total Performing                       |   | $                 | 17,341 |   |   | $      | 3,311  |                             |   | $      | 1,815  |   |   | $ | 22,467 |   |
| Non-Performing                         |   |              |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
|    North America        |   | $                 | 217    |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 217 |   |
|    Europe               |   |              | 89     |   |   |   | -      |                             |   |   | -      |   |   |   | 89 |   |
|    Asia Pacific         |   |              | 31     |   |   |   | -      |                             |   |   | -      |   |   |   | 31 |   |
|    Latin America        |   |              | 139    |   |   |   | -      |                             |   |   | -      |   |   |   | 139 |   |
|    Global Power Finance |   |              | 163    |   |   |   | -      |                             |   |   | -      |   |   |   | 163 |   |
| Total Non-Performing                   |   | $                 | 639    |   |   | $      | -      |                             |   | $      | -      |   |   | $ | 639 |   |
| Total Performing and Non-Performing    |   |              |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |
|    North America        |   | $                 | 6,448  |   |   | $      | 1,993  |                             |   | $      | 1,290  |   |   | $ | 9,731 |   |
|    Europe               |   |              | 2,510  |   |   |   | 344    |                             |   |   | 110    |   |   |   | 2,964 |   |
|    Asia Pacific         |   |              | 3,529  |   |   |   | 296    |                             |   |   | 215    |   |   |   | 4,040 |   |
|    Latin America        |   |              | 2,426  |   |   |   | 659    |                             |   |   | 173    |   |   |   | 3,258 |   |
|    Global Power Finance |   |              | 3,067  |   |   |   | 19     |                             |   |   | 27     |   |   |   | 3,113 |   |
| Total                                  |   | $                 | 17,980 |   |   | $      | 3,311  |                             |   | $      | 1,815  |   |   | $ | 23,106 |   |
|                                   |   |              |   |   |   |   |   |                             |   |   |   |   |   |   |   |   |

| B. | Sales and Servicing of Finance Receivables |
|----|--------------------------------------------|

----

| C. | Purchases of trade receivables from Caterpillar entities |
|----|----------------------------------------------------------|

| 5. | Fair Value Measurements |
|----|-------------------------|

| A.   | Fair Value Measurements |
|----------------|-------------------------|

| ·   | Level 1 – Quoted prices for identical instruments in active markets. |
|--------------------|----------------------------------------------------------------------------|

| ·   | Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------|

----

----

| (Millions of dollars)                             |   |              |   |   |    |   |    |    |   |   |                                    |   |
|---------------------------------------------------|--------|-------------------|--------|--------|---------|--------|---------|---------|--------|--------|-----------------------------------------|--------|
|                                              |   | March 31, 2011    |   |
|                                              |   | Level 1           |   |   | Level 2 |   |    | Level 3 |   |   | Total Assets/Liabilities, at Fair Value |   |
| Assets                                            |   |              |   |   |    |   |    |    |   |   |                                    |   |
|   Derivative financial instruments, net |   | $                 | -      |   |    | $      | 152     |    |   | $      | -                                       |   |   | $ | 152 |   |
| Total Assets                                      |   | $                 | -      |   |    | $      | 152     |    |   | $      | -                                       |   |   | $ | 152 |   |
| Liabilities                                       |   |              |   |   |    |   |    |    |   |   |                                    |   |   |   |   |   |
|   Guarantees                            |   | $                 | -      |   |    | $      |  - |    |   | $      | 3                                       |   |   | $ | 3 |   |
| Total Liabilities                                 |   | $                 | -      |   |    | $      | -       |    |   | $      | 3                                       |   |   | $ |  3 |   |
|                                              |   |              |   |   |    |   |    |    |   |   |                                    |   |   |   |   |   |
|                                              |   | December 31, 2010 |   |
|                                              |   | Level 1           |   |   | Level 2 |   |    | Level 3 |   |   | Total Assets/Liabilities, at Fair Value |   |
| Assets                                            |   |              |   |   |    |   |    |    |   |   |                                    |   |   |   |   |   |
|   Derivative financial instruments, net |   | $                 | -      |   |    | $      | 189     |    |   | $      | -                                       |   |   | $ | 189 |   |
| Total Assets                                      |   | $                 | -      |   |    | $      | 189     |    |   | $      | -                                       |   |   | $ | 189 |   |
| Liabilities                                       |   |              |   |   |    |   |    |    |   |   |                                    |   |   |   |   |   |
|   Guarantees                            |   | $                 | -      |   |    | $      | -       |    |   | $      | 3                                       |   |   | $ | 3 |   |
| Total Liabilities                                 |   | $                 | -      |   |    | $      | -       |    |   | $      | 3                                       |   |   | $ | 3 |   |
|                                              |   |              |   |   |    |   |    |    |   |   |                                    |   |   |   |   |   |

| (Millions of dollars)                |   | Guarantees |   |
|--------------------------------------|--------|------------|--------|
| Balance as of December 31, 2010      |   | $          | 3      |   |
|   Issuance of guarantees   |   |       | 1      |   |
|   Expiration of guarantees |   |       | (1     | ) |
| Balance as of March 31, 2011         |   | $          | 3      |   |
|                                 |   |       |   |   |

| (Millions of dollars)                                                       |   | Securitized Retained Interests |   |   | Guarantees |   |
|-----------------------------------------------------------------------------|--------|--------------------------------|--------|--------|------------|--------|
| Balance as of December 31, 2009                                             |   | $                              | 102    |   |       | $      | 4 |   |
|   Adjustment to adopt consolidation of variable-interest entities |   |                           | (102   | )      |       |   | - |   |
|   Issuance of guarantees                                          |   |                           | -      |   |       |   | 2 |   |
| Balance as of March 31, 2010                                                |   | $                              | -      |   |       | $      | 6 |   |
|                                                                        |   |                           |   |   |       |   |   |   |

----

| B. | Fair Values of Financial Instruments |
|----|--------------------------------------|

| (Millions of dollars)                                |   | March 31, 2011 |    |   | December 31, 2010 |   |
|------------------------------------------------------|--------|----------------|---------|--------|-------------------|--------|
|                                                 |   | CarryingAmount |    |   | Fair Value   |   |   | CarryingAmount |   |   | Fair Value |   |
| Cash and cash equivalents                            |   | $              | 1,143   |   |              | $      | 1,143 |   |   | $ | 1,676 |   |   | $ | 1,676 |   |
| Foreign currency contracts:                          |   |           |    |   |              |   |   |   |   |   |   |   |
|   In a receivable position                 |   | $              | 8       |   |              | $      | 8 |   |   | $ | 6 |   |   | $ | 6 |   |
|   In a payable position                    |   | $              | (5      | )      |              | $      | (5 | ) |   | $ | (9 | ) |   | $ | (9 | ) |
| Finance receivables, net (excluding finance leases1) |   | $              | 16,907  |   |              | $      | 16,879 |   |   | $ | 15,444 |   |   | $ | 15,311 |   |
| Restricted cash and cash equivalents2                |   | $              | 81      |   |              | $      | 81 |   |   | $ | 91 |   |   | $ | 91 |   |
| Short-term borrowings                                |   | $              | (5,218  | )      |              | $      | (5,218 | ) |   | $ | (3,852 | ) |   | $ | (3,852 | ) |
| Long-term debt                                       |   | $              | (19,362 | )      |              | $      | (20,188 | ) |   | $ | (19,362 | ) |   | $ | (20,364 | ) |
| Interest rate swaps:                                 |   |           |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
|   In a net receivable position             |   | $              | 170     |   |              | $      | 170 |   |   | $ | 211 |   |   | $ | 211 |   |
|   In a net payable position                |   | $              | (21     | )      |              | $      | (21 | ) |   | $ | (19 | ) |   | $ | (19 | ) |
| Guarantees                                           |   | $              | (3      | )      |              | $      | (3 | ) |   | $ | (3 | ) |   | $ | (3 | ) |
|                                                 |   |           |    |   |              |   |   |   |   |   |   |   |   |   |   |   |

----

| 6. | Segment Information |
|----|---------------------|

| ·  | North America: We have offices in the United States and Canada that serve local dealers and customers.  This segment also includes certain unallocated corporate headquarter expenses.                                                                                                                                                                                                                                                                                                                                                   |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·  | Asia-Pacific and Mining: This segment includes offices in Australia, New Zealand, China, Japan, South Korea and Southeast Asia that serve local dealers and customers and also includes large mining customers worldwide.  This segment also provides project financing in various countries.                                                                                                                                                                                                                                            |
| ·  | Europe and Global Power Finance: This segment includes our offices that serve dealers and customers in Europe, Africa, Middle East and the Commonwealth of Independent States.  This segment also includes the Global Power Finance Division (GPF), which finances marine vessels with Caterpillar engines worldwide and also provides debt financing for Caterpillar electrical power generation, gas compression and co-generation systems, as well as non-Caterpillar equipment that is powered by these systems worldwide. |
| ·  | Latin America: We have offices in Brazil, Mexico and Chile that serve local dealers and customers in Central and South America.                                                                                                                                                                                                                                                                                                                                                                                                                    |

----

|   | Supplemental segment data for the three months ended March 31, |
|--------|----------------------------------------------------------------|

| (Millions of dollars) 2011 |   | NorthAmerica  |   |   | Europeand GPF |   |   | Latin America  |   |   | Asia-Pacificand Mining |   |   | Total  |   |
|---------------------------------|--------|---------------|--------|--------|---------------|--------|--------|--------------------------|--------|--------|------------------------|--------|--------|--------|--------|
| External revenue                |   | $             | 259    |   |          | $      | 125    |                     |   | $      | 77                     |   |   | $      | 179    |   |   | $ | 640 |   |
| Inter-segment revenue           |   |          | 7      |   |          |   | -      |                     |   |   | -                      |   |   |   | -      |   |   |   | 7 |   |
| Profit                          |   |          | 16     |   |          |   | 27     |                     |   |   | 13                     |   |   |   | 27     |   |   |   | 83 |   |
|                            |   |          |   |   |          |   |   |                     |   |   |                   |   |   |   |   |   |   |   |   |   |
|  2010                      |   | North America |   |   | Europeand GPF |   |   | Latin America  |   |   | Asia-Pacificand Mining |   |   | Total  |   |
| External revenue                |   | $             | 262    |   |          | $      | 130    |                     |   | $      | 72                     |   |   | $      | 167    |   |   | $ | 631 |   |
| Inter-segment revenue           |   |          | 7      |   |          |   | -      |                     |   |   | -                      |   |   |   | -      |   |   |   | 7 |   |
| Profit (loss)                   |   |          | (13    | )      |          |   | 19     |                     |   |   | 18                     |   |   |   | 29     |   |   |   | 53 |   |
|                            |   |          |   |   |          |   |   |                     |   |   |                   |   |   |   |   |   |   |   |   |   |

| (Millions of dollars)   |   | North America |   |   | Europeand GPF |   |   | Latin America  |   |   | Asia-Pacificand Mining |   |   | Total  |   |
|-----------------------------------|--------|--------------------|--------|--------|---------------|--------|--------|--------------------------|--------|--------|------------------------|--------|--------|--------|--------|
| Assets as of March 31, 2011       |   | $                  | 16,643 |   |          | $      | 7,522  |                     |   | $      | 3,669                  |   |   | $      | 6,224  |   |   | $ | 34,058 |   |
|                              |   |               |   |   |          |   |   |                     |   |   |                   |   |   |   |   |   |   |   |   |   |
| Assets as of December 31, 2010    |   | $                  | 15,774 |   |          | $      | 7,434  |                     |   | $      | 3,392                  |   |   | $      | 5,799  |   |   | $ | 32,399 |   |
|                              |   |               |   |   |          |   |   |                     |   |   |                   |   |   |   |   |   |   |   |   |   |

| (Millions of dollars)Reconciliation of assets: |   | March 31, 2011 |   |   | December 31, 2010 |   |
|------------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| Assets from segments                           |   | $              | 34,058 |   |              | $      | 32,399 |   |
| Less: Investment in subsidiaries               |   |           | (1,120 | )      |              |   | (1,117 | ) |
| Less: Inter-segment balances                   |   |           | (3,558 | )      |              |   | (2,530 | ) |
| Total                                          |   | $              | 29,380 |   |              | $      | 28,752 |   |
|                                           |   |           |   |   |              |   |   |   |

----

| 7. | Derivative Financial Instruments and Risk Management |
|----|------------------------------------------------------|

----

| (Millions of dollars)                        |                                                   |   |                         |   |   |
|----------------------------------------------|--------------------------------------------------------|--------|------------------------------|--------|--------|
|                                         |                                                   |   | Asset (Liability) Fair Value |
|                                         | Consolidated Statements of Financial Position Location |   | March 31, 2011               |   |   | December 31, 2010 |
| Designated derivatives                       |                                                   |   |                         |   |   |   |
|    Interest rate contracts    | Other assets                                           |   | $                            | 170    |   |   | $ | 211 |   |
|    Interest rate contracts    | Accrued expenses                                       |   |                         | (21    | )      |   |   | (18 | ) |
|                                         |                                                   |   | $                            | 149    |   |   | $ | 193 |   |
| Undesignated derivatives                     |                                                   |   |                         |   |   |   |   |   |   |
|    Foreign exchange contracts | Other assets                                           |   | $                            | 8      |   |   | $ | 6 |   |
|    Foreign exchange contracts | Accrued expenses                                       |   |                         | (5     | )      |   |   | (9 | ) |
|    Interest rate contracts    | Other assets                                           |   |                         | -      |   |   |   | - |   |
|    Interest rate contracts    | Accrued expenses                                       |   |                         | -      |   |   |   | (1 | ) |
|                                         |                                                   |   | $                            | 3      |   |   | $ | (4 | ) |
|                                         |                                                   |   |                         |   |   |   |   |   |   |

----

| (Millions of dollars)                                                       |   |   |   |
|-----------------------------------------------------------------------------|--------|--------|--------|
| Balance as of December 31, 2010, net of tax of $6                           |   | $      | (14    | ) |
|    Gains (losses) deferred during the year, net of tax of $- |   |   | -      |   |
|    (Gains) losses reclassified to earnings, net of tax of $1 |   |   | 5      |   |
| Balance as of March 31, 2011, net of tax of $5                              |   | $      | (9     | ) |
|                                                                        |   |   |   |   |

| (Millions of dollars)                                                       |   |   |   |
|-----------------------------------------------------------------------------|--------|--------|--------|
| Balance as of December 31, 2009, net of tax of $21                          |   | $      | (41    | ) |
|    Gains (losses) deferred during the year, net of tax of $2 |   |   | (4     | ) |
|    (Gains) losses reclassified to earnings, net of tax of $6 |   |   | 11     |   |
| Balance as of March 31, 2010, net of tax of $17                             |   | $      | (34    | ) |
|                                                                        |   |   |   |   |

| Fair Value Hedges       |                   |
|-------------------------|------------------------|
| (Millions of dollars)   |                   |
|                    |                   |   | Three Months Ended March 31, 2011 | Three Months Ended March 31, 2010 |   |
|                    | Classification         |   | Gains (Losses)on Derivatives |   | Gains (Losses)on Borrowings | Gains (Losses)on Derivatives | Gains (Losses)on Borrowings |   |
| Interest rate contracts | Other income (expense) |   | $ | (53) |   |   | $ | 52 |   | $ | 53 | $ | (51) |   |
|                    |                   |   | $ | (53) |   |   | $ | 52 |   | $ | 53 | $ | (51) |   |
|                    |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Cash Flow Hedges        |
|-------------------------|
| (Millions of dollars)   |
|                    |   |   | Three Months Ended March 31, 2011 |
|                    | Classification ofGains (Losses) |   | Reclassified from AOCIto Earnings(Effective Portion) |   | Recognized in Earnings(Ineffective Portion) |
| Interest rate contracts | Interest expense |   | $ | (6) |   |   | $ | - |   |
| Interest rate contracts | Other income (expense) |   |   |     -  |   |   |   |     1 |   |
|                    |   |   | $ | (6) |   |   | $ | 1 |   |
|                    |   |   |   |   |
|                    |
|                    |   |   | Three Months Ended March 31, 2010 |
|                    | Classification ofGains (Losses) |   | Reclassified from AOCIto Earnings(Effective Portion) |   | Recognized in Earnings(Ineffective Portion) |
| Interest rate contracts | Interest expense |   | $ | (17) |   |   | $ | - |   |
| Interest rate contracts | Other income (expense) |   |   |       -  |   |   |   |    1 |   |
|                    |   |   | $ | (17) |   |   | $ | 1 |   |
|                    |   |   |   |   |

| Undesignated Derivatives   |                                |   |                              |   |   |                              |   |
|----------------------------|-------------------------------------|--------|-----------------------------------|--------|--------|-----------------------------------|--------|
| (Millions of dollars)      |                                |   |                              |   |   |                              |   |
|                       | Classification of Gains or (Losses) |   | Three Months Ended March 31, 2011 |   |   | Three Months Ended March 31, 2010 |   |
| Foreign exchange contracts | Other income (expense)              |   | $                                 | -      |   |                              | $      | 23 |   |
| Interest rate contracts    | Other income (expense)              |   |                              | -      |   |                              |   | 1 |   |
|                       |                                |   | $                                 | -      |   |                              | $      | 24 |   |
|                       |                                |   |                              |   |   |                              |   |   |   |

----

| 8. | Guarantees |
|----|------------|

| (Millions of dollars) |   | March 31, 2011 |   |   | December 31, 2010 |   |
|-----------------------|--------|----------------|--------|--------|-------------------|--------|
| Customer guarantees   |   | $              | 138    |   |              | $      | 139 |   |
| Limited indemnity     |   |           | 15     |   |              |   | 17 |   |
| Total guarantees      |   | $              | 153    |   |              | $      | 156 |   |
|                  |   |           |   |   |              |   |   |   |

| 9. | Contingencies |
|----|---------------|

----

| 10. | Income Taxes |
|-----|--------------|

| 11. | Committed Credit Facility with Caterpillar |
|-----|--------------------------------------------|

| 12. | Subsequent Event |
|-----|------------------|

----

| ·   | The increase in revenues was principally due to a $24 million favorable change from returned or repossessed equipment and a favorable impact from miscellaneous net revenue items.  These increases in revenues were partially offset by a $15 million unfavorable impact from lower earning assets (finance receivables and operating leases at constant interest rates) and a $14 million unfavorable impact from lower interest rates on new and existing finance receivables. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Profit before income taxes was $115 million for the first quarter of 2011, compared to $71 million for the first quarter of 2010.  The increase was principally due to a $24 million favorable change from returned or repossessed equipment, an $11 million favorable impact from higher net yield on average earning assets and a favorable impact from miscellaneous net revenue items. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Provision for income taxes in the first quarter of 2011 reflects an estimated annual effective tax rate of 26 percent compared to 22 percent in first quarter of 2010 and 19 percent for the full year of 2010.  The increase from the full-year 2010 effective tax rate is primarily due to expected changes in the geographic mix of pre-tax profits and the absence of $22 million of benefits included in the 2010 full-year effective tax rate related to prior years. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | New retail financing was $2.8 billion, an increase of $947 million, or 52 percent, from the first quarter of 2010.  The increase was primarily related to improvements in our North America and Asia-Pacific operating segments. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | At the end of the first quarter of 2011, past dues were 3.94 percent, which increased slightly from 3.87 percent at the end of 2010.  The increase in past dues from year-end is primarily due to seasonality impacts.  At the end of the first quarter of 2010, past dues were 6.06 percent.  Write-offs, net of recoveries, were $41 million for the first quarter of 2011, down from $61 million in the fourth quarter of 2010 and $46 million in the first quarter of 2010. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | As of March 31, 2011, our Allowance for credit losses totaled $380 million or 1.55 percent of net finance receivables, compared with $363 million or 1.57 percent of net finance receivables at year-end 2010.  The allowance for credit losses as of March 31, 2010 was $394 million, which was 1.74 percent of net finance receivables. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (Millions of dollars)                                                |   | Three Months Ended March 31, |   |
|----------------------------------------------------------------------|--------|-----------------------------------|--------|
|                                                                 |   |  2011                   |   |   |  2010  |   |
| Finance receivable and operating lease fees (including late charges) |   | $                                 | 19     |   |   | $ | 14 |   |
| Fees on credit facility with Caterpillar                             |   |                              | 10     |   |   |   | - |   |
| Net gain/(loss) on returned or repossessed equipment                 |   |                              | 6      |   |   |   | (18 | ) |
| Interest income on Note Receivable from Caterpillar                  |   |                              | 3      |   |   |   | 22 |   |
| Miscellaneous other revenue, net                                     |   |                              | 3      |   |   |   | 3 |   |
| Gain on sales of receivables                                         |   |                              | 1      |   |   |   | - |   |
| Total Other revenue, net                                             |   | $                                 | 42     |   |   | $ | 21 |   |
|                                                                 |   |                              |   |   |   |   |   |   |

----

| (Millions of dollars)                                                          |   | Three Months Ended |   |
|--------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                           |   | March 31,          |   |
|                                                                           |   |  2011    |   |   |  2010  |   |
| Other miscellaneous income                                                     |   | $                  | 3      |   |   | $ | - |   |
|                                                                           |   |               |   |   |   |   |   |   |
| Currency exchange loss                                                         |   |               | (2     | ) |   |   | (27 | ) |
| Net gain on undesignated foreign exchange contracts (including forward points) |   |               | -      |   |   |   | 23 |   |
| Net currency exchange loss                                                     |   |               | (2     | ) |   |   | (4 | ) |
|                                                                           |   |               |   |   |   |   |   |   |
| Net gain from interest rate derivatives                                        |   |               | -      |   |   |   | 4 |   |
| Total Other income (expense)                                                   |   | $                  | 1      |   |   | $ | - |   |
|                                                                           |   |               |   |   |   |   |   |   |

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| (Millions of dollars)                  |   | March 31,                                |   |   | December 31,                  |   |
|----------------------------------------|--------|------------------------------------------|--------|--------|-------------------------------|--------|
|                                   |   |     2011   |   |   |    2010   |   |
| Other Managed Assets                   |   |                                     |   |   |                          |   |
| Retail finance leases                  |   | $                                        | 118    |   |                          | $      | 109 |   |
| Retail installment sale contracts      |   |                                     | 64     |   |                          |   | 73 |   |
| Operating leases                       |   |                                     | 33     |   |                          |   | 36 |   |
| Retail notes receivable                |   |                                     | 7      |   |                          |   | 7 |   |
| Total off-balance sheet managed assets |   | $                                        | 222    |   |                          | $      | 225 |   |
|                                   |   |                                     |   |   |                          |   |   |   |

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| (Millions of dollars)                            |   | March 31,   2011   |   |   | December 31,  2010  |   |
|--------------------------------------------------|--------|---------------------------------------------|--------|--------|------------------------------------|--------|
| Medium-term notes, net of unamortized discount   |   | $                                           | 17,650 |   |                               | $      | 17,681 |   |
| Commercial paper, net of unamortized discount    |   |                                        | 4,016  |   |                               |   | 2,710 |   |
| Bank borrowings – long-term                |   |                                        | 1,664  |   |                               |   | 1,603 |   |
| Bank borrowings – short-term               |   |                                        | 580    |   |                               |   | 479 |   |
| Variable denomination floating rate demand notes |   |                                        | 622    |   |                               |   | 663 |   |
| Secured borrowings                               |   |                                        | 48     |   |                               |   | 78 |   |
| Notes payable to Caterpillar                     |   |                                        | -      |   |                               |   | 600 |   |
| Total outstanding borrowings                     |   | $                                           | 24,580 |   |                               | $      | 23,814 |   |
|                                             |   |                                        |   |   |                               |   |   |   |

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| (Millions of dollars) |   |   |   |
|-----------------------|--------|--------|--------|
| 2011                  |   | $      | 2,466  |   |
| 2012                  |   |   | 4,355  |   |
| 2013                  |   |   | 4,361  |   |
| 2014                  |   |   | 1,904  |   |
| 2015                  |   |   | 850    |   |
| Thereafter            |   |   | 3,714  |   |
| Total                 |   | $      | 17,650 |   |
|                  |   |   |   |   |

| ·   | The 364-day facility of $3.52 billion expires in September 2011. |
|--------------------|------------------------------------------------------------------|

| ·   | The five-year facility of $1.62 billion expires in September 2012.  |
|--------------------|--------------------------------------------------------------------------|

| ·   | The four-year facility of $2.09 billion expires in September 2014. |
|--------------------|--------------------------------------------------------------------|

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| 3.1  | Certificate of Incorporation of the Company, as amended (incorporated by reference from Exhibit 3.1 to the Company’s Form 10 for the year ended December 31, 1984).                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.2  | Bylaws of the Company, as amended (incorporated by reference from Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q, for the quarter ended June 30, 2005).                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 4.1  | Indenture, dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.1 to the Company’s Registration Statement on Form S-3, Commission File No. 33-2246).                                                                                                                                                                                                                                                                                                                                                   |
| 4.2  | First Supplemental Indenture, dated as of May 22, 1986, amending the Indenture dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q, for the quarter ended June 20, 1986).                                                                                                                                                                                                                                                                            |
| 4.3  | Second Supplemental Indenture, dated as of March 15, 1987, amending the Indenture dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K, dated April 24, 1987).                                                                                                                                                                                                                                                                                           |
| 4.4  | Third Supplemental Indenture, dated as of October 2, 1989, amending the Indenture dated as of April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K, dated October 16, 1989).                                                                                                                                                                                                                                                                                         |
| 4.5  | Fourth Supplemental Indenture, dated as of October 1, 1990, amending the Indenture dated April 15, 1985, between the Company and Morgan Guaranty Trust Company of New York, as Trustee (incorporated by reference from Exhibit 4.3 to the Company’s Current Report on Form 8-K, dated October 29, 1990).                                                                                                                                                                                                                                                                                              |
| 4.6  | Indenture, dated as of July 15, 1991, between the Company and Continental Bank, National Association, as Trustee (incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K, dated July 25, 1991).                                                                                                                                                                                                                                                                                                                                                                       |
| 4.7  | First Supplemental Indenture, dated as of October 1, 2005, amending the Indenture dated as of July 15, 1991, between the Company and U.S. Bank Trust National Association (as successor to the former Trustee)(incorporated by reference from Exhibit 4.3 to Amendment No. 5 to the Company’s Registration Statement on Form S-3 filed October 20, 2005, Commission File No. 333-114075).                                                                                                                                                                                                             |
| 4.8  | Support Agreement, dated as of December 21, 1984, between the Company and Caterpillar (incorporated by reference from Exhibit 10.2 to the Company’s amended Form 10, for the year ended December 31, 1984).                                                                                                                                                                                                                                                                                                                                                                                           |
| 4.9  | First Amendment to the Support Agreement dated June 14, 1995, between the Company and Caterpillar (incorporated by reference from Exhibit 4 to the Company’s Current Report on Form 8-K, dated June 14, 1995).                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.1 | Tax Sharing Agreement, dated as of June 21, 1984, between the Company and Caterpillar (incorporated by reference from Exhibit 10.3 to the Company’s amended Form 10, for the year ended December 31, 1984).                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.2 | Four-Year Credit Agreement, dated as of September 16, 2010 (2010 Four-Year Credit Agreement), among the Company, Caterpillar, Caterpillar International Finance Limited, Caterpillar Finance Corporation, certain other financial institutions named therein and Citibank, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank International PLC, Banc of America Securities LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (incorporated by reference from Exhibit 99.4 to the Company’s Current Report on Form 8-K, filed September 21, 2010, Commission File No. 001-11241). |

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| 10.3       | Japan Local Currency Addendum to the 2010 Four-Year Credit Agreement among the Company, Caterpillar Finance Corporation, the Japan Local Currency Banks named therein, Citibank, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (incorporated by reference from Exhibit 99.6 to the Company’s Current Report on Form 8-K, filed September 21, 2010).                                                                                                                                                                                                       |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.4       | Local Currency Addendum to the 2010 Four-Year Credit Agreement among the Company, Caterpillar International Finance Limited, the Local Currency Banks named therein, Citibank, N.A. and Citibank International PLC (incorporated by reference from Exhibit 99.5 to the Company’s Current Report on Form 8-K, filed September 21, 2010).                                                                                                                                                                                                                     |
| 10.5  | Five-Year Credit Agreement, dated as of September 20, 2007 (2007 Five-Year Credit Agreement), among the Company, Caterpillar, Caterpillar Finance Corporation, certain financial institutions named therein, Citibank, N.A., The Bank of Tokyo-Mitsubishi UFJ Ltd., ABN AMRO Bank N.V., Bank of America, N.A., Barclays Bank PLC, J.P. Morgan Securities, Inc., Société Générale and Citigroup Global Markets Inc. (incorporated by reference from Exhibit 99.1 to the Company’s Current Report on Form 8-K, filed September 26, 2007). |
| 10.6       | Japan Local Currency Addendum to the 2007 Five-Year Credit Agreement among the Company, Caterpillar Finance Corporation, the Japan Local Currency Banks named therein, Citibank, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (incorporated by reference from Exhibit 99.2 to the Company’s Current Report on Form 8-K, filed September 26, 2007).                                                                                                                                                                                                       |
| 10.7       | Amendment No. 1 to Japan Local Currency Addendum to the 2007 Five-Year Credit Agreement among the Company, Caterpillar Finance Corporation, the Japan Local Currency Banks named therein, Citibank, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (incorporated by reference from Exhibit 99.6 to the Company’s Current Report on Form 8-K, filed January 26, 2009).                                                                                                                                                                                      |
| 10.8       | Amendment No. 1 to the 2007 Five-Year Credit Agreement among the Company, Caterpillar and Caterpillar Finance Corporation, the Banks and Japan Local Currency Banks named therein, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Citibank, N.A. (incorporated by reference from Exhibit 99.3 to the Company’s Current Report on Form 8-K, filed September 23, 2008).                                                                                                                                                                                           |
| 10.9       | Amendment No. 2 to the 2007 Five-Year Credit Agreement among the Company, Caterpillar and Caterpillar Finance Corporation, the Banks and Japan Local Currency Banks named therein, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Citibank, N.A. (incorporated by reference from Exhibit 99.2 to the Company’s Current Report on Form 8-K, filed January 26, 2009).                                                                                                                                                                                             |
| 10.10      | Amendment No. 3 to the 2007 Five-Year Credit Agreement among the Company, Caterpillar and Caterpillar Finance Corporation, the Banks and Japan Local Currency Banks named therein, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Citibank, N.A. (incorporated by reference from Exhibit 99.4 to the Company’s Current Report on Form 8-K, filed September 23, 2009).                                                                                                                                                                                           |
| 10.11      | Amendment No. 4 to the 2007 Five-Year Credit Agreement among the Company, Caterpillar and Caterpillar Finance Corporation, the Banks and Japan Local Currency Banks named therein, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Citibank, N.A. (incorporated by reference from Exhibit 99.7 to the Company’s Current Report on Form 8-K, filed September 21, 2010).                                                                                                                                                                                           |
| 10.12      | 364-Day Credit Agreement dated September 21, 2010 (2010 364-Day Credit Agreement) among the Company, Caterpillar, Caterpillar International Finance Limited, Caterpillar Finance Corporation, certain financial institutions named therein, Citibank, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Banc of America Securities LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (incorporated by reference from Exhibit 99.1 to the Company’s Current Report on Form 8-K, filed September 21, 2010).                                       |
| 10.13      | Local Currency Addendum to the 2010 364-Day Credit Agreement among the Company, Caterpillar International Finance Limited, the Local Currency Banks named therein, Citibank, N.A. and Citibank International PLC (incorporated by reference from Exhibit 99.2 to the Company’s Current Report on Form 8-K, filed September 21, 2010).                                                                                                                                                                                                                       |
| 10.14      | Japan Local Currency Addendum to the 2010 364-Day Credit Agreement among the Company, Caterpillar Finance Corporation, the Japan Local Currency Banks named therein, Citibank, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (incorporated by reference from Exhibit 99.3 to the Company’s Current Report on Form 8-K, filed September 21, 2010).                                                                                                                                                                                                         |
| 12         | Computation of Ratio of Profit to Fixed Charges.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 31.1       | Certification of Kent M. Adams, President, Director and Chief Executive Officer of Caterpillar Financial Services Corporation, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                             |
| 31.2       | Certification of James A. Duensing, Executive Vice President and Chief Financial Officer of Caterpillar Financial Services Corporation, as required pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                                                                    |

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| 32 | Certifications of Kent M. Adams, President, Director and Chief Executive Officer of Caterpillar Financial Services Corporation, and James A. Duensing, Executive Vice President and Chief Financial Officer of Caterpillar Financial Services Corporation, as required pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                           | Caterpillar Financial Services Corporation                   |
|------------------------------------------------|--------------------------------------------------------------|
| (Registrant)                                   |                                                         |
|    Date:  May 9, 2011 | By:   /s/   Steven R. Elsesser |
|                                           | Steven R. Elsesser, Controller                               |

|    Date:  May 9, 2011 | By:  /s/   Kent M. Adams                   |
|------------------------------------------------|----------------------------------------------------------------|
|                                           | Kent M. Adams, President, Director and Chief Executive Officer |

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