<PAGE>   1

                                                                   EXHIBIT 99.1

<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING TRUST 1998-A                                                                               Page 1 of 2
Monthly Servicer Report                                                                                                2/10/99
Payment Date        AUGUST 17, 1998                                                                                   10:20 AM

Months in progress  1

------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>
A     PRESENT VALUE
------------------------------------------------------------------------------------------------------------------------------
A1    Discounted Present Value, beginning                                                                       683,026,904.22
A2    Less:  Lease receivables, current month                                                                    19,646,104.54
A3    Add:   Interest component (5.939%*A1/12)                                                                    3,380,413.99
A4    Add:   Servicing Fee (0.75%*A1/12)                                                                            426,891.82
A5    Less:  Current month Non-Performing                                                                           663,411.36
A6    Less:  Current month Warranty and Adjusted Leases                                                                   -
A7    Less:  Current month Early Terminations                                                                     1,684,806.00
A8    Add:   Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                              659,146.91
A9    Add:   Additional Leases provided (Early Terminations)                                                      1,684,813.91
                                                                                                                --------------
A10   Discounted Present Value, ending                                                                          667,183,848.94
                                                                                                                ==============

------------------------------------------------------------------------------------------------------------------------------
B     PAST DUE LEASE PAYMENTS
------------------------------------------------------------------------------------------------------------------------------
B1    Past due balance, beginning                                                                                 2,118,155.38
B2    Less:  Past due payments received (reimbursed per this report)                                              1,623,772.34
B3    Less:  Past dues on Non-Performing, Warranty and Adjusted Leases                                               45,209.00
B4    Less:  Past dues on Early Terminations                                                                        115,802.00
B5    Add:   New Net Advances (last month's current payments that became past due)                                3,516,538.37
B6    Add:   Past dues on Replacement Leases                                                                         13,454.82
                                                                                                                --------------
B7    Past due balance, ending                                                                                    3,863,365.23
                                                                                                                ==============

------------------------------------------------------------------------------------------------------------------------------
C     ADVANCE LEASE PAYMENTS
------------------------------------------------------------------------------------------------------------------------------
C1    Advance payment balance, beginning                                                                          9,899,458.49
C2    Less:  Applied to Current from Prepaid                                                                      4,759,752.23
C3    Less:  Advance payments on Disqualified Leases                                                                385,769.00
C4    Add:   Received on Replacement Leases                                                                          37,531.49
C5    Add:   Received this month                                                                                  1,037,514.06
                                                                                                                --------------
C6    Advance payment balance, ending                                                                             5,828,982.81
                                                                                                                ==============

------------------------------------------------------------------------------------------------------------------------------
D     SUBSTITUTIONS
------------------------------------------------------------------------------------------------------------------------------
D1    Non-Performing Leases Substitued to date, beginning                                                                 -
D2    Add:   Non-Performing Leases provided with Substitute Leases                                                  659,146.91
                                                                                                                --------------
3    Non=Performing Leases Substitued to date, ending                                                               659,146.91
                                                                                                                ==============
D4    Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                              0.097%

------------------------------------------------------------------------------------------------------------------------------
E     RESERVE ACCOUNT
------------------------------------------------------------------------------------------------------------------------------
E1    Reserve Account balance, beginning                                                                          6,830,269.04
E2    Memo:  Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                                     6,830,269.04
E3    Less:  Shortfall (min [max -I1 or zero] or E1)                                                                      -
E4    Add:   Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                                         0.00
                                                                                                                --------------
E5    Reserve Account balance, ending                                                                             6,830,269.04
                                                                                                                ==============

------------------------------------------------------------------------------------------------------------------------------
F     AVAILABLE FUNDS (COLLECTION ACCOUNT)
------------------------------------------------------------------------------------------------------------------------------
F1           Regular monthly Lease Payments                                                                      11,369,602.50
F2           Past due payments received (B2)                                                                      1,623,772.34
F3           Past due payments due on Early Termination (From Seller) (B4)                                          115,802.00
F4           Advance payments on monthly rentals (excluding cash residuals)                                         989,901.42
F5           Proceeds from Prepayments not replaced (max A7-A9 or zero)                                                   -
F6           Recoveries on Non-Performing Leases not Substituted                                                          -
F7           Late Charges                                                                                                 -
F8           Proceeds from Investment of Collection and Reserve Account Funds                                             -
F9           Servicer Advances (B5)                                                                               3,516,538.37
F10          Casualty and Termination Payments                                                                            -
F11          Net decrease in Advance Lease Payments balance (C1-C6)                                               4,070,475.68
                                                                                                                --------------
F12   Total Available Funds                                                                                      21,686,092.31
                                                                                                                ==============
</TABLE>

<PAGE>   2
<TABLE>
<CAPTION>
                                                                                                                   Page 2 of 2

------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>
G     PAYMENTS TO THE SERVICER
------------------------------------------------------------------------------------------------------------------------------
G1           Past due payments received (B2)                                                                      1,623,772.34
G2           Past due payments advanced on Disqualified Leases                                                            -
G3           Advance payments on Disqualified Leases (C3)                                                           385,769.00
G4           Servicer Fee (A4)                                                                                      426,891.82
                                                                                                                --------------
G5    Total Payments to Servicer                                                                                  2,436,433.16
                                                                                                                ==============

------------------------------------------------------------------------------------------------------------------------------
H     PAYMENTS TO NOTEHOLDERS
------------------------------------------------------------------------------------------------------------------------------
H1           Class A-1 Interest Payment (5.68%*H9*actual/360)                                                       184,280.66
H2           Class A-2 Interest Payment (5.78%*H13/12)                                                              444,138.24
H3           Class A-3 Interest Payment (5.78%*H16/12)                                                              715,556.06
H4           Class A-4 Interest Payment (5.92%*H19/12)                                                              800,279.86
H5           Class B Interest Payment (5.94%*H22/12)                                                                 84,524.58
H6           Class C Interest Payment (6.01%*H27/12)                                                                 68,416.53
H7           Class D Interest Payment (6.33%*H32/12)                                                                108,089.01
H8           Class E Interest Payment (7.55%*H37/12)                                                                128,921.33
H9    Class A-1 Note Balance, beginning                                                                         194,662,668.00
H10   Class A Target Investor Principal Amount (A10*82.5175%)                                                   550,543,432.55
H11          Class A-1 Principal Payment (min(A1-A10) or H9)                                                     15,843,055.28
H12   CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                               178,819,612.72
H13   Class A-2 Note Balance, beginning                                                                          92,208,632.00
H14          Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                                 -
H15   CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                               92,208,632.00
H16   Class A-3 Note Balance, beginning                                                                         148,558,352.00
H17          Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                                -
H18   CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                              148,558,352.00
H19   Class A-4 Note Balance, beginning                                                                         162,218,890.00
H20          Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                            -
H21   CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                              162,218,890.00
H22   Class B Note Balance, beginning                                                                            17,075,673.00
H23   Class B Target Investor Principal Amount (A10*3.4965%)                                                     23,328,083.28
H24   Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                           -
H25          Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                                -
H26   CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                                 17,075,673.00
H27   Class C Note Balance, beginning                                                                            13,660,538.00
H28   Class C Target Investor Principal Amount (A10*2.7972%)                                                     18,662,466.62
H29   Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                         -
H30          Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                                -
H31   CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                                 13,660,538.00
H32   Class D Note Balance, beginning                                                                            20,490,807.00
H33   Class D Target Investor Principal Amount (A10*4.1958%)                                                     27,993,699.93
H34   Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                       -
H35          Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                                -
H36   CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                                 20,490,807.00
H37   Class E Note Balance, beginning                                                                            20,490,807.00
H38   Class E Target Investor Principal Amount (A10*4.1958%)                                                     27,993,699.93
H39   Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                             -
H40          Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                                -
H41   CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                                 20,490,807.00
H42   Overcollateralization Balance, beginning (A1-[H9+H13+H16+H19+H22+H27+H32+H37])                             13,660,537.22
H43   Cumulative Loss Amount ({H9+H13+H16+H19+H22+H27+H32+H37+H42-[min A1-A10 or
        F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]}-A10)                                                                             -
H44   Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then zero else                                 -
      {max zero or [(A1-A10)-(H11+H14+H17+H20+H25+H30+H35+H40)]})

H45   Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                          -
H46   Additional Principal paid to Class A-2 (min H13-H14 or [max H44-H45 or zero])                                       -
H47   Additional Principal paid to Class A-3 (min H16-H17 or [max H44-H45-H46 or zero])                                   -
H48   Additional Principal paid to Class A-4 (min H19-H20 or [max H44-H45-H46-H47 or zero])                               -
H49   Additional Principal paid to Class B (min H22-H25 or [max H44-H45-H46-H47-H48 or zero])                             -
H50   Additional Principal paid to Class C (min H27-H30 or [max H44-H45-H46-H47-H48-H49 or zero])                         -
H51   Additional Principal paid to Class D (min H32-H35 or [max H44-H45-H46-H47-H48-H49-H50 , 0)                          -
H52   Additional Principal paid to Class E (min H37-H40 or [max H44-H45-H46-H47-H48-H49-H50-H51,0)                        -

I1    Available for Distribution to Copelco Capital, Inc. (Shortfall)                                               872,397.61
</TABLE>


<PAGE>   3
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING TRUST 1998-A                                                                               Page 1 of 2
Monthly Servicer Report                                                                                                3/25/99
Payment Date                SEPTEMBER 15, 1998                                                                         7:33 PM
Months in progress          2

------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>
A     PRESENT VALUE
------------------------------------------------------------------------------------------------------------------------------
A1    Discounted Present Value, beginning                                                                       667,183,848.94
A2    Less:   Lease receivables, current month                                                                   20,050,427.17
A3    Add:    Interest component (5.939%*A1/12)                                                                   3,302,004.07
A4    Add:    Servicing Fee (0.75%*A1/12)                                                                           416,989.91
A5    Less:   Current month Non-Performing                                                                        5,233,604.00
A6    Less:   Current month Warranty and Adjusted Leases                                                                  -
A7    Less:   Current month Early Terminations                                                                    5,043,267.00
A8    Add:    Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                           5,234,209.30
A9    Add:    Additional Leases provided (Early Terminations)                                                     5,043,413.93
                                                                                                       -----------------------
A10   Discounted Present Value, ending                                                                          650,853,167.97
                                                                                                       =======================

------------------------------------------------------------------------------------------------------------------------------
B     PAST DUE LEASE PAYMENTS
------------------------------------------------------------------------------------------------------------------------------
B1    Past due balance, beginning                                                                                 3,863,365.23
B2    Less:   Past due payments received (reimbursed per this report)                                             3,044,800.58
B3    Less:   Past dues on Non-Performing, Warranty and Adjusted Leases                                             187,353.00
B4    Less:   Past dues on Early Terminations                                                                       363,338.00
B5    Add:    New Net Advances (last month's current payments that became past due)                               2,835,850.03
B6    Add:    Past dues on Replacement Leases                                                                         5,168.12
                                                                                                       -----------------------
B7    Past due balance, ending                                                                                    3,108,891.80
                                                                                                       =======================

------------------------------------------------------------------------------------------------------------------------------
C     ADVANCE LEASE PAYMENTS
------------------------------------------------------------------------------------------------------------------------------
C1    Advance payment balance, beginning                                                                          5,828,982.81
C2    Less:   Applied to Current from Prepaid                                                                     1,075,416.48
C3    Less:   Advance payments on Disqualified Leases                                                             1,434,812.00
C4    Add:    Received on Replacement Leases                                                                        106,971.05
C5    Add:    Received this month                                                                                 4,870,910.97
                                                                                                       -----------------------
C6    Advance payment balance, ending                                                                             8,296,636.35
                                                                                                       =======================

------------------------------------------------------------------------------------------------------------------------------
D     SUBSTITUTIONS
------------------------------------------------------------------------------------------------------------------------------
D1    Non-Performing Leases Substitued to date, beginning                                                           659,146.91
D2    Add:    Non-Performing Leases provided with Substitute Leases                                               5,233,604.00
                                                                                                       -----------------------
D3    Non-Performing Leases Substitued to date, ending                                                            5,892,750.91
                                                                                                       =======================
D4    Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                  #DIV/0!

------------------------------------------------------------------------------------------------------------------------------
E     RESERVE ACCOUNT
------------------------------------------------------------------------------------------------------------------------------
E1    Reserve Account balance, beginning                                                                          6,830,269.04
E2    Memo:   Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                                            -
E3    Less:   Shortfall (min [max -I1 or zero] or E1)                                                                     -
E4    Add:    Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                               (6,830,269.04)
                                                                                                       -----------------------
E5    Reserve Account balance, ending                                                                                     -
                                                                                                       =======================

------------------------------------------------------------------------------------------------------------------------------
F     AVAILABLE FUNDS (COLLECTION ACCOUNT)
------------------------------------------------------------------------------------------------------------------------------
F1            Regular monthly Lease Payments                                                                     16,153,731.13
F2            Past due payments received (B2)                                                                     3,044,800.58
F3            Past due payments due on Early Termination (From Seller) (B4)                                         363,338.00
F4            Advance payments on monthly rentals (excluding cash residuals)                                      4,779,671.61
F5            Proceeds from Prepayments not replaced (max A7-A9 or zero)                                                  -
F6            Recoveries on Non-Performing Leases not Substituted                                                         -
F7            Late Charges on delinquent payments not advanced                                                            -
F8            Proceeds from Investment of Collection and Reserve Account Funds                                       83,511.25
F9            Servicer Advances (B5)                                                                              2,835,850.03
F10           Casualty and Termination Payments                                                                           -
F11           Net decrease in Advance Lease Payments balance (C1-C6)                                             (2,467,653.54)
                                                                                                       -----------------------
F12   Total Available Funds                                                                                      24,793,249.06
                                                                                                       =======================
</TABLE>

<PAGE>   4
<TABLE>
<CAPTION>
                                                                                                                   Page 2 of 2

------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>
G     PAYMENTS TO THE SERVICER
------------------------------------------------------------------------------------------------------------------------------
G1            Past due payments received (B2)                                                                     3,044,800.58
G2            Past due payments advanced on Disqualified Leases (B3+B4)                                             550,691.00
G3            Advance payments on Disqualified Leases (C3)                                                        1,434,812.00
G4            Servicer Fee (A4)                                                                                     416,989.91
                                                                                                       -----------------------
G5    Total Payments to Servicer                                                                                  5,447,293.49
                                                                                                       =======================

------------------------------------------------------------------------------------------------------------------------------
H     PAYMENTS TO NOTEHOLDERS
------------------------------------------------------------------------------------------------------------------------------
H1            Class A-1 Interest Payment (5.68%*H9*actual/360)                                                            -
H2            Class A-2 Interest Payment (5.78%*H13/12)                                                                   -
H3            Class A-3 Interest Payment (5.78%*H16/12)                                                                   -
H4            Class A-4 Interest Payment (5.92%*H19/12)                                                                   -
H5            Class B Interest Payment (5.94%*H22/12)                                                                     -
H6            Class C Interest Payment (6.01%*H27/12)                                                                     -
H7            Class D Interest Payment (6.33%*H32/12)                                                                     -
H8            Class E Interest Payment (7.55%*H37/12)                                                                     -
H9    Class A-1 Note Balance, beginning                                                                         178,819,612.72
H10   Class A Target Investor Principal Amount (A10*82.5175%)                                                             -
H11           Class A-1 Principal Payment (min(A1-A10) or H9)                                                    16,330,680.97
H12   CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                               162,488,931.75
H13   Class A-2 Note Balance, beginning                                                                          92,208,632.00
H14           Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                                -
H15   CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                               92,208,632.00
H16   Class A-3 Note Balance, beginning                                                                         148,558,352.00
H17           Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                               -
H18   CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                              148,558,352.00
H19   Class A-4 Note Balance, beginning                                                                         162,218,890.00
H20           Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                           -
H21   CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                              162,218,890.00
H22   Class B Note Balance, beginning                                                                            17,075,673.00
H23   Class B Target Investor Principal Amount (A10*3.4965%)                                                              -
H24   Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                           -
H25           Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                               -
H26   CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                                 17,075,673.00
H27   Class C Note Balance, beginning                                                                            13,660,538.00
H28   Class C Target Investor Principal Amount (A10*2.7972%)                                                              -
H29   Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                         -
H30           Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                               -
H31   CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                                 13,660,538.00
H32   Class D Note Balance, beginning                                                                            20,490,807.00
H33   Class D Target Investor Principal Amount (A10*4.1958%)                                                              -
H34   Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                       -
H35           Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                               -
H36   CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                                 20,490,807.00
H37   Class E Note Balance, beginning                                                                            20,490,807.00
H38   Class E Target Investor Principal Amount (A10*4.1958%)                                                              -
H39   Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                             -
H40           Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                               -
H41   CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                                 20,490,807.00
H42   Overcollateralization Balance, beginning (max A1-[H9+H13+H16+H19+H22+H27+H32+H37] or 0)                    13,660,537.22
H43   Cumulative Loss Amount (H9+H13+H16+H19+H22+H27+H32+H37+H42                                                          -
              -[min A1-A10 or F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]-A10)

H44   Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then 0 else [max 0                             -
      or {H9+H13+H16+H19+H22+H27+H32+H37+H42}-A10-{H11+H14+H17+H20+H25+H30+H35+H40}])
H45   Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                          -
H46   Additional Principal paid to Class A-2 (min H13-H14 or H44-H45)                                                     -
H47   Additional Principal paid to Class A-3 (min H16-H17 or H44-H45-H46)                                                 -
H48   Additional Principal paid to Class A-4 (min H19-H20 or H44-H45-H46-H47)                                             -
H49   Additional Principal paid to Class B (min H22-H25 or H44-H45-H46-H47-H48)                                           -
H50   Additional Principal paid to Class C (min H27-H30 or H44-H45-H46-H47-H48-H49)                                       -
H51   Additional Principal paid to Class D (min H32-H35 or H44-H45-H46-H47-H48-H49-H50)                                   -
H52   Additional Principal paid to Class E (min H37-H40 or H44-H45-H46-H47-H48-H49-H50-H51)                               -
</TABLE>

<PAGE>   5
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING TRUST 1998-A                                                                           Page 1 of 2
Monthly Servicer Report                                                                                           10/14/98
Payment Date          OCTOBER 15, 1998                                                                             3:59 PM

Months in progress    3

--------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>
A     PRESENT VALUE
--------------------------------------------------------------------------------------------------------------------------
A1    Discounted Present Value, beginning                                                                   650,853,167.97
A2    Less:   Lease receivables, current month                                                               19,744,228.67
A3    Add:    Interest component (5.939%*A1/12)                                                               3,221,180.80
A4    Add:    Servicing Fee (0.75%*A1/12)                                                                       406,783.23
A5    Less:   Current month Non-Performing                                                                    1,928,113.00
A6    Less:   Current month Warranty and Adjusted Leases                                                              -
A7    Less:   Current month Early Terminations                                                                1,676,161.00
A8    Add:    Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                       1,928,431.18
A9    Add:    Additional Leases provided (Early Terminations)                                                 1,676,203.12
                                                                                                      --------------------
A10   Discounted Present Value, ending                                                                      634,737,263.63
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
B     PAST DUE LEASE PAYMENTS
--------------------------------------------------------------------------------------------------------------------------
B1    Past due balance, beginning                                                                             3,108,891.80
B2    Less:   Past due payments received (reimbursed per this report)                                         2,346,532.18
B3    Less:   Past dues on Non-Performing, Warranty and Adjusted Leases                                         186,767.00
B4    Less:   Past dues on Early Terminations                                                                    95,853.00
B5    Add:    New Net Advances (last month's current payments that became past due)                           2,659,518.12
B6    Add:    Past dues on Replacement Leases                                                                     6,677.04
                                                                                                      --------------------
B7    Past due balance, ending                                                                                3,145,934.78
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
C     ADVANCE LEASE PAYMENTS
--------------------------------------------------------------------------------------------------------------------------
C1    Advance payment balance, beginning                                                                      8,296,636.35
C2    Less:   Applied to Current from Prepaid                                                                 2,269,650.31
C3    Less:   Advance payments on Disqualified Leases                                                           276,910.00
C4    Add:    Received on Replacement Leases                                                                     47,164.37
C5    Add:    Received this month                                                                             2,413,588.08
                                                                                                      --------------------
C6    Advance payment balance, ending                                                                         8,210,828.49
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
D     SUBSTITUTIONS
--------------------------------------------------------------------------------------------------------------------------
D1    Non-Performing Leases Substitued to date, beginning                                                     5,892,750.91
D2    Add:    Non-Performing Leases provided with Substitute Leases                                           1,928,113.00
                                                                                                      --------------------
D3    Non-Performing Leases Substitued to date, ending                                                        7,820,863.91
                                                                                                      ====================
D4    Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                           1.145%

--------------------------------------------------------------------------------------------------------------------------
E     RESERVE ACCOUNT
--------------------------------------------------------------------------------------------------------------------------
E1    Reserve Account balance, beginning                                                                      6,677,418.97
E2    Memo:   Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                                6,830,269.04
E3    Less:   Shortfall (min [max -I1 or zero] or E1)                                                                 -
E4    Add:    Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                              152,850.07
                                                                                                      --------------------
E5    Reserve Account balance, ending                                                                         6,830,269.04
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
F     AVAILABLE FUNDS (COLLECTION ACCOUNT)
--------------------------------------------------------------------------------------------------------------------------
F1            Regular monthly Lease Payments                                                                 15,178,097.71
F2            Past due payments received (B2)                                                                 2,346,532.18
F3            Past due payments due on Early Termination (From Seller) (B4)                                      95,853.00
F4            Advance payments on monthly rentals (excluding cash residuals)                                  2,223,062.00
F5            Proceeds from Prepayments not replaced (max A7-A9 or zero)                                              -
F6            Recoveries on Non-Performing Leases not Substituted                                                     -
F7            Late Charges on delinquent payments not advanced                                                        -
F8            Proceeds from Investment of Collection and Reserve Account Funds                                  146,860.39
F9            Servicer Advances (B5)                                                                          2,659,518.12
F10           Casualty and Termination Payments                                                                       -
F11           Net decrease in Advance Lease Payments balance (C1-C6)                                             85,807.86
                                                                                                      --------------------
F12   Total Available Funds                                                                                  22,735,731.26
                                                                                                      ====================
</TABLE>

<PAGE>   6
<TABLE>
<CAPTION>
                                                                                                               Page 2 of 2

--------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>
G     PAYMENTS TO THE SERVICER
--------------------------------------------------------------------------------------------------------------------------
G1            Past due payments received (B2)                                                                 2,346,532.18
G2            Past due payments advanced on Disqualified Leases (B3+B4)                                         282,620.00
G3            Advance payments on Disqualified Leases (C3)                                                      276,910.00
G4            Servicer Fee (A4)                                                                                 406,783.23
                                                                                                      --------------------
G5    Total Payments to Servicer                                                                              3,312,845.41
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
H     PAYMENTS TO NOTEHOLDERS
--------------------------------------------------------------------------------------------------------------------------
H1            Class A-1 Interest Payment (5.68%*H9*actual/360)                                                  769,114.28
H2            Class A-2 Interest Payment (5.78%*H13/12)                                                         444,138.24
H3            Class A-3 Interest Payment (5.78%*H16/12)                                                         715,556.06
H4            Class A-4 Interest Payment (5.92%*H19/12)                                                         800,279.86
H5            Class B Interest Payment (5.94%*H22/12)                                                            84,524.58
H6            Class C Interest Payment (6.01%*H27/12)                                                            68,416.53
H7            Class D Interest Payment (6.33%*H32/12)                                                           108,089.01
H8            Class E Interest Payment (7.55%*H37/12)                                                           128,921.33
H9    Class A-1 Note Balance, beginning                                                                     162,488,931.75
H10   Class A Target Investor Principal Amount (A10*82.5175%)                                               523,769,321.52
H11           Class A-1 Principal Payment (min(A1-A10) or H9)                                                16,115,904.34
H12   CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                           146,373,027.42
H13   Class A-2 Note Balance, beginning                                                                      92,208,632.00
H14           Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                            -
H15   CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                           92,208,632.00
H16   Class A-3 Note Balance, beginning                                                                     148,558,352.00
H17           Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                           -
H18   CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                          148,558,352.00
H19   Class A-4 Note Balance, beginning                                                                     162,218,890.00
H20           Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                       -
H21   CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                          162,218,890.00
H22   Class B Note Balance, beginning                                                                        17,075,673.00
H23   Class B Target Investor Principal Amount (A10*3.4965%)                                                 22,193,588.42
H24   Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                       -
H25           Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                           -
H26   CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                             17,075,673.00
H27   Class C Note Balance, beginning                                                                        13,660,538.00
H28   Class C Target Investor Principal Amount (A10*2.7972%)                                                 17,754,870.74
H29   Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                     -
H30           Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                           -
H31   CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                             13,660,538.00
H32   Class D Note Balance, beginning                                                                        20,490,807.00
H33   Class D Target Investor Principal Amount (A10*4.1958%)                                                 26,632,306.11
H34   Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                   -
H35           Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                           -
H36   CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                             20,490,807.00
H37   Class E Note Balance, beginning                                                                        20,490,807.00
H38   Class E Target Investor Principal Amount (A10*4.1958%)                                                 26,632,306.11
H39   Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                         -
H40           Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                           -
H41   CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                             20,490,807.00
H42   Overcollateralization Balance, beginning (max A1-[H9+H13+H16+H19+H22+H27+H32+H37] or 0)                13,660,537.22
H43   Cumulative Loss Amount (H9+H13+H16+H19+H22+H27+H32+H37+H42                                                      -
              -[min A1-A10 or F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]-A10)

H44   Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then 0 else [max 0                         -
      or {H9+H13+H16+H19+H22+H27+H32+H37+H42}-A10-{H11+H14+H17+H20+H25+H30+H35+H40}])
H45   Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                      -
H46   Additional Principal paid to Class A-2 (min H13-H14 or H44-H45)                                                 -
H47   Additional Principal paid to Class A-3 (min H16-H17 or H44-H45-H46)                                             -
H48   Additional Principal paid to Class A-4 (min H19-H20 or H44-H45-H46-H47)                                         -
H49   Additional Principal paid to Class B (min H22-H25 or H44-H45-H46-H47-H48)                                       -
H50   Additional Principal paid to Class C (min H27-H30 or H44-H45-H46-H47-H48-H49)                                   -
H51   Additional Principal paid to Class D (min H32-H35 or H44-H45-H46-H47-H48-H49-H50)                               -
H52   Additional Principal paid to Class E (min H37-H40 or H44-H45-H46-H47-H48-H49-H50-H51)                           -

I1    Available for Distribution to Copelco Capital, Inc. prior to payment of Additional
       Principal (Shortfall)                                                                                    187,941.63
      (if F12-G5-H1-H2-H3-H4-H5-H6-H7-H8-[A1-A10-H11]*97.2028%-H11)
I2    Distribution to Copelco Capital, Inc. after payment of Additional Principal and                            35,091.56
              Reserve Release (Deposit) (I1-H44-E4)
</TABLE>

<PAGE>   7
<TABLE>
<CAPTION>
COPELCO CAPITAL FUNDING TRUST 1998-A                                                                          Page 1 of 2
Monthly Servicer Report                                                                                          11/13/98
Payment Date          NOVEMBER 16, 1998                                                                          10:44 AM

Months in progress    4
<S>                                                                                                       <C>
--------------------------------------------------------------------------------------------------------------------------
A     PRESENT VALUE
--------------------------------------------------------------------------------------------------------------------------
A1    Discounted Present Value, beginning                                                                   634,737,263.63
A2    Less:   Lease receivables, current month                                                               19,740,226.17
A3    Add:    Interest component (5.939%*A1/12)                                                               3,141,420.51
A4    Add:    Servicing Fee (0.75%*A1/12)                                                                       396,710.79
A5    Less:   Current month Non-Performing                                                                    2,937,936.00
A6    Less:   Current month Warranty and Adjusted Leases                                                              -
A7    Less:   Current month Early Terminations                                                                3,475,502.00
A8    Add:    Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                       2,926,166.71
A9    Add:    Additional Leases provided (Early Terminations)                                                 3,475,522.82
                                                                                                      --------------------
A10   Discounted Present Value, ending                                                                      618,523,420.29
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
B     PAST DUE LEASE PAYMENTS
--------------------------------------------------------------------------------------------------------------------------
B1    Past due balance, beginning                                                                             3,145,934.78
B2    Less:   Past due payments received (reimbursed per this report)                                         2,407,108.03
B3    Less:   Past dues on Non-Performing, Warranty and Adjusted Leases                                         248,770.00
B4    Less:   Past dues on Early Terminations                                                                   239,484.00
B5    Add:    New Net Advances (last month's current payments that became past due)                           2,764,873.12
B6    Add:    Past dues on Replacement Leases                                                                     6,015.56
                                                                                                      --------------------
B7    Past due balance, ending                                                                                3,021,461.43
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
C     ADVANCE LEASE PAYMENTS
--------------------------------------------------------------------------------------------------------------------------
C1    Advance payment balance, beginning                                                                      8,210,828.49
C2    Less:   Applied to Current from Prepaid                                                                 1,929,761.33
C3    Less:   Advance payments on Disqualified Leases                                                           607,340.00
C4    Add:    Received on Replacement Leases                                                                     63,233.23
C5    Add:    Received this month                                                                             3,350,180.04
                                                                                                      --------------------
C6    Advance payment balance, ending                                                                         9,087,140.43
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
D     SUBSTITUTIONS
--------------------------------------------------------------------------------------------------------------------------
D1    Non-Performing Leases Substitued to date, beginning                                                     7,820,863.91
D2    Add:    Non-Performing Leases provided with Substitute Leases                                           2,926,166.71
                                                                                                      --------------------
D3    Non-Performing Leases Substitued to date, ending                                                       10,747,030.62
                                                                                                      ====================
D4    Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                           1.573%

--------------------------------------------------------------------------------------------------------------------------
E     RESERVE ACCOUNT
--------------------------------------------------------------------------------------------------------------------------
E1    Reserve Account balance, beginning                                                                      6,830,269.04
E2    Memo:   Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                                6,830,269.04
E3    Less:   Shortfall (min [max -I1 or zero] or E1)                                                                 -
E4    Add:    Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                                    -
                                                                                                      --------------------
E5    Reserve Account balance, ending                                                                         6,830,269.04
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
F     AVAILABLE FUNDS (COLLECTION ACCOUNT)
--------------------------------------------------------------------------------------------------------------------------
F1            Regular monthly Lease Payments                                                                 15,405,655.58
F2            Past due payments received (B2)                                                                 2,407,108.03
F3            Past due payments due on Early Termination (From Seller) (B4)                                     239,484.00
F4            Advance payments on monthly rentals (excluding cash residuals)                                  3,307,747.01
F5            Proceeds from Prepayments not replaced (max A7-A9 or zero)                                              -
F6            Recoveries on Non-Performing Leases not Substituted                                                     -
F7            Late Charges on delinquent payments not advanced                                                        -
F8            Proceeds from Investment of Collection and Reserve Account Funds                                  146,307.33
F9            Servicer Advances (B5)                                                                          2,764,873.12
F10           Casualty and Termination Payments                                                                       -
F11           Net decrease in Advance Lease Payments balance (C1-C6)                                           (876,311.94)
                                                                                                      --------------------
F12   Total Available Funds                                                                                  23,394,863.13
                                                                                                      ====================
</TABLE>

<PAGE>   8
<TABLE>
<CAPTION>
                                                                                                              Page 2 of 2

--------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>
G     PAYMENTS TO THE SERVICER
--------------------------------------------------------------------------------------------------------------------------
G1            Past due payments received (B2)                                                                 2,407,108.03
G2            Past due payments advanced on Disqualified Leases (B3+B4)                                         488,254.00
G3            Advance payments on Disqualified Leases (C3)                                                      607,340.00
G4            Servicer Fee (A4)                                                                                 396,710.79
                                                                                                      --------------------
G5    Total Payments to Servicer                                                                              3,899,412.82
                                                                                                      ====================

--------------------------------------------------------------------------------------------------------------------------
H     PAYMENTS TO NOTEHOLDERS
--------------------------------------------------------------------------------------------------------------------------
H1            Class A-1 Interest Payment (5.68%*H9*actual/360)                                                  739,021.15
H2            Class A-2 Interest Payment (5.78%*H13/12)                                                         444,138.24
H3            Class A-3 Interest Payment (5.78%*H16/12)                                                         715,556.06
H4            Class A-4 Interest Payment (5.92%*H19/12)                                                         800,279.86
H5            Class B Interest Payment (5.94%*H22/12)                                                            84,524.58
H6            Class C Interest Payment (6.01%*H27/12)                                                            68,416.53
H7            Class D Interest Payment (6.33%*H32/12)                                                           108,089.01
H8            Class E Interest Payment (7.55%*H37/12)                                                           128,921.33
H9    Class A-1 Note Balance, beginning                                                                     146,373,027.42
H10   Class A Target Investor Principal Amount (A10*82.5175%)                                               510,390,063.34
H11           Class A-1 Principal Payment (min(A1-A10) or H9)                                                16,213,843.34
H12   CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                           130,159,184.07
H13   Class A-2 Note Balance, beginning                                                                      92,208,632.00
H14           Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                            -
H15   CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                           92,208,632.00
H16   Class A-3 Note Balance, beginning                                                                     148,558,352.00
H17           Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                           -
H18   CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                          148,558,352.00
H19   Class A-4 Note Balance, beginning                                                                     162,218,890.00
H20           Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                       -
H21   CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                          162,218,890.00
H22   Class B Note Balance, beginning                                                                        17,075,673.00
H23   Class B Target Investor Principal Amount (A10*3.4965%)                                                 21,626,671.39
H24   Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                       -
H25           Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                           -
H26   CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                             17,075,673.00
H27   Class C Note Balance, beginning                                                                        13,660,538.00
H28   Class C Target Investor Principal Amount (A10*2.7972%)                                                 17,301,337.11
H29   Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                     -
H30           Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                           -
H31   CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                             13,660,538.00
H32   Class D Note Balance, beginning                                                                        20,490,807.00
H33   Class D Target Investor Principal Amount (A10*4.1958%)                                                 25,952,005.67
H34   Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                   -
H35           Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                           -
H36   CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                             20,490,807.00
H37   Class E Note Balance, beginning                                                                        20,490,807.00
H38   Class E Target Investor Principal Amount (A10*4.1958%)                                                 25,952,005.67
H39   Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                         -
H40           Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                           -
H41   CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                             20,490,807.00
H42   Overcollateralization Balance, beginning (max A1-[H9+H13+H16+H19+H22+H27+H32+H37] or 0)                13,660,537.22
H43   Cumulative Loss Amount (H9+H13+H16+H19+H22+H27+H32+H37+H42                                                      -
              -[min A1-A10 or F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]-A10)

H44   Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then 0 else [max 0                         -
      or {H9+H13+H16+H19+H22+H27+H32+H37+H42}-A10-{H11+H14+H17+H20+H25+H30+H35+H40}])
H45   Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                      -
H46   Additional Principal paid to Class A-2 (min H13-H14 or H44-H45)                                                 -
H47   Additional Principal paid to Class A-3 (min H16-H17 or H44-H45-H46)                                             -
H48   Additional Principal paid to Class A-4 (min H19-H20 or H44-H45-H46-H47)                                         -
H49   Additional Principal paid to Class B (min H22-H25 or H44-H45-H46-H47-H48)                                       -
H50   Additional Principal paid to Class C (min H27-H30 or H44-H45-H46-H47-H48-H49)                                   -
H51   Additional Principal paid to Class D (min H32-H35 or H44-H45-H46-H47-H48-H49-H50)                               -
H52   Additional Principal paid to Class E (min H37-H40 or H44-H45-H46-H47-H48-H49-H50-H51)                           -

I1    Available for Distribution to Copelco Capital, Inc. prior to payment of Additional
      Principal (Shortfall)                                                                                     192,660.21
      (if F12-G5-H1-H2-H3-H4-H5-H6-H7-H8-[A1-A10-H11]*97.2028%-H11)
I2    Distribution to Copelco Capital, Inc. after payment of Additional Principal and                           192,660.21
              Reserve Release (Deposit) (I1-H44-E4)
</TABLE>

<PAGE>   9
COPELCO CAPITAL FUNDING TRUST 1998-A                             Page 1 of 2
Monthly Servicer Report                                             12/11/98
Payment Date             DECEMBER 15, 1998                           3:15 PM
Months in progress       5
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
A      PRESENT VALUE
-------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                             <C>
A1     Discounted Present Value, beginning                                                                618,523,420.29
A2     Less:    Lease receivables, current month                                                           19,556,072.32
A3     Add:     Interest component (5.939%*A1/12)                                                           3,061,175.49
A4     Add:     Servicing Fee (0.75%*A1/12)                                                                   386,577.14
A5     Less:    Current month Non-Performing                                                                2,540,040.00
A6     Less:    Current month Warranty and Adjusted Leases                                                             -
A7     Less:    Current month Early Terminations                                                            2,763,574.00
A8     Add:     Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                   2,540,081.59
A9     Add:     Additional Leases provided (Early Terminations)                                             2,763,582.58
                                                                                                       ------------------
A10    Discounted Present Value, ending                                                                   602,415,150.77
                                                                                                       ------------------

-------------------------------------------------------------------------------------------------------------------------
B      PAST DUE LEASE PAYMENTS
-------------------------------------------------------------------------------------------------------------------------
B1     Past due balance, beginning                                                                          3,021,461.43
B2     Less:    Past due payments received (reimbursed per this report)                                     2,170,976.13
B3     Less:    Past dues on Non-Performing, Warranty and Adjusted Leases                                     218,544.00
B4     Less:    Past dues on Early Terminations                                                               262,415.00
B5     Add:     New Net Advances (last month's current payments that became past due)                       2,991,311.72
B6     Add:     Past dues on Replacement Leases                                                                25,195.28
                                                                                                       ------------------
B7     Past due balance, ending                                                                             3,386,033.30
                                                                                                       ------------------

-------------------------------------------------------------------------------------------------------------------------
C      ADVANCE LEASE PAYMENTS
-------------------------------------------------------------------------------------------------------------------------
C1     Advance payment balance, beginning                                                                   9,087,140.43
C2     Less:    Applied to Current from Prepaid                                                             2,711,031.43
C3     Less:    Advance payments on Disqualified Leases                                                       524,404.00
C4     Add:     Received on Replacement Leases                                                                 55,497.18
C5     Add:     Received this month                                                                         2,308,645.55
                                                                                                       ------------------
C6     Advance payment balance, ending                                                                      8,215,847.73
                                                                                                       ------------------

-------------------------------------------------------------------------------------------------------------------------
D      SUBSTITUTIONS
-------------------------------------------------------------------------------------------------------------------------
D1     Non-Performing Leases Substitued to date, beginning                                                 10,747,030.62
D2     Add:     Non-Performing Leases provided with Substitute Leases                                       2,540,040.00
                                                                                                       ------------------
D3     Non-Performing Leases Substitued to date, ending                                                    13,287,070.62
                                                                                                       ------------------
D4     Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                       1.945%

-------------------------------------------------------------------------------------------------------------------------
E      RESERVE ACCOUNT
-------------------------------------------------------------------------------------------------------------------------
E1     Reserve Account balance, beginning                                                                   6,830,269.04
E2     Memo:    Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                            6,830,269.04
E3     Less:    Shortfall (min [max -I1 or zero] or E1)                                                                -
E4     Add:     Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                                   -
                                                                                                       ------------------
E5     Reserve Account balance, ending                                                                      6,830,269.04
                                                                                                       ------------------

-------------------------------------------------------------------------------------------------------------------------
F      AVAILABLE FUNDS (COLLECTION ACCOUNT)
-------------------------------------------------------------------------------------------------------------------------
F1              Regular monthly Lease Payments                                                             14,174,801.92
F2              Past due payments received (B2)                                                             2,170,976.13

F3              Past due payments due on Early Termination (From Seller) (B4)                                 262,415.00
F4              Advance payments on monthly rentals (excluding cash residuals)                              2,267,968.30
F5              Proceeds from Prepayments not replaced (max A7-A9 or zero)                                             -
F6              Recoveries on Non-Performing Leases not Substituted                                                    -
F7              Late Charges on delinquent payments not advanced                                                       -
F8              Proceeds from Investment of Collection and Reserve Account Funds                              150,888.37
F9              Servicer Advances (B5)                                                                      2,991,311.72
F10             Casualty and Termination Payments                                                                      -
F11             Net decrease in Advance Lease Payments balance (C1-C6)                                        871,292.70
                                                                                                       ------------------
F12    Total Available Funds                                                                               22,889,654.14
                                                                                                       ------------------
</TABLE>


<PAGE>   10
                                                                    Page 2 of 2
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
G      PAYMENTS TO THE SERVICER
-------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                               <C>
G1              Past due payments received (B2)                                                             2,170,976.13
G2              Past due payments advanced on Disqualified Leases (B3+B4)                                     480,959.00
G3              Advance payments on Disqualified Leases (C3)                                                  524,404.00
G4              Servicer Fee (A4)                                                                             386,577.14
                                                                                                       ------------------
G5     Total Payments to Servicer                                                                           3,562,916.27
                                                                                                       ------------------

-------------------------------------------------------------------------------------------------------------------------
H      PAYMENTS TO NOTEHOLDERS
-------------------------------------------------------------------------------------------------------------------------
H1              Class A-1 Interest Payment (5.68%*H9*actual/360)                                              595,550.58
H2              Class A-2 Interest Payment (5.78%*H13/12)                                                     444,138.24
H3              Class A-3 Interest Payment (5.78%*H16/12)                                                     715,556.06
H4              Class A-4 Interest Payment (5.92%*H19/12)                                                     800,279.86
H5              Class B Interest Payment (5.94%*H22/12)                                                        84,524.58
H6              Class C Interest Payment (6.01%*H27/12)                                                        68,416.53
H7              Class D Interest Payment (6.33%*H32/12)                                                       108,089.01
H8              Class E Interest Payment (7.55%*H37/12)                                                       128,921.33
H9     Class A-1 Note Balance, beginning                                                                  130,159,184.07
H10    Class A Target Investor Principal Amount (A10*82.5175%)                                            497,097,922.04
H11             Class A-1 Principal Payment (min(A1-A10) or H9)                                            16,108,269.52
H12    CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                        114,050,914.56
H13    Class A-2 Note Balance, beginning                                                                   92,208,632.00
H14             Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                           -
H15    CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                        92,208,632.00
H16    Class A-3 Note Balance, beginning                                                                  148,558,352.00
H17             Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                          -
H18    CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                       148,558,352.00
H19    Class A-4 Note Balance, beginning                                                                  162,218,890.00
H20             Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                      -
H21    CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                       162,218,890.00
H22    Class B Note Balance, beginning                                                                     17,075,673.00
H23    Class B Target Investor Principal Amount (A10*3.4965%)                                              21,063,445.75
H24    Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                       -
H25             Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                          -
H26    CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                          17,075,673.00
H27    Class C Note Balance, beginning                                                                     13,660,538.00
H28    Class C Target Investor Principal Amount (A10*2.7972%)                                              16,850,756.60
H29    Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                     -
H30             Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                          -
H31    CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                          13,660,538.00
H32    Class D Note Balance, beginning                                                                     20,490,807.00
H33    Class D Target Investor Principal Amount (A10*4.1958%)                                              25,276,134.90
H34    Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                   -
H35             Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                          -
H36    CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                          20,490,807.00
H37    Class E Note Balance, beginning                                                                     20,490,807.00
H38    Class E Target Investor Principal Amount (A10*4.1958%)                                              25,276,134.90
H39    Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                         -
H40             Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                          -
H41    CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                          20,490,807.00
H42    Overcollateralization Balance, beginning (max A1-[H9+H13+H16+H19+H22+H27+H32+H37] or 0)             13,660,537.22
H43    Cumulative Loss Amount (H9+H13+H16+H19+H22+H27+H32+H37+H42                                                      -
                                              -[min A1-A10 or F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]-A10)
H44    Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then 0 else [max 0                         -
       or {H9+H13+H16+H19+H22+H27+H32+H37+H42}-A10-{H11+H14+H17+H20+H25+H30+H35+H40}])
H45    Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                      -
H46    Additional Principal paid to Class A-2 (min H13-H14 or H44-H45)                                                 -
H47    Additional Principal paid to Class A-3 (min H16-H17 or H44-H45-H46)                                             -
H48    Additional Principal paid to Class A-4 (min H19-H20 or H44-H45-H46-H47)                                         -
H49    Additional Principal paid to Class B (min H22-H25 or H44-H45-H46-H47-H48)                                       -
H50    Additional Principal paid to Class C (min H27-H30 or H44-H45-H46-H47-H48-H49)                                   -
H51    Additional Principal paid to Class D (min H32-H35 or H44-H45-H46-H47-H48-H49-H50)                               -
H52    Additional Principal paid to Class E (min H37-H40 or H44-H45-H46-H47-H48-H49-H50-H51)                           -

I1     Available for Distribution to Copelco Capital, Inc. prior to payment of Additional
       Principal (Shortfall)                                                                                   272,992.16
       (if F12-G5-H1-H2-H3-H4-H5-H6-H7-H8-[A1-A10-H11]*97.2028%-H11)
I2     Distribution to Copelco Capital, Inc. after payment of Additional Principal and                        272,992.16
                Reserve Release (Deposit) (I1-H44-E4)

</TABLE>



<PAGE>   11
COPELCO CAPITAL FUNDING TRUST 1998-A                               Page 1 of 2
Monthly Servicer Report                                                1/14/99
Payment Date             JANUARY 15, 1999                             12:47 PM
Months in progress       6


<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
A      PRESENT VALUE
--------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                             <C>
A1     Discounted Present Value, beginning                                                                 602,415,150.77
A2     Less:    Lease receivables, current month                                                            19,539,801.22
A3     Add:     Interest component (5.939%*A1/12)                                                            2,981,452.98
A4     Add:     Servicing Fee (0.75%*A1/12)                                                                    376,509.47
A5     Less:    Current month Non-Performing                                                                 2,683,476.00
A6     Less:    Current month Warranty and Adjusted Leases                                                              -
A7     Less:    Current month Early Terminations                                                             3,954,357.00
A8     Add:     Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                    2,683,418.71
A9     Add:     Additional Leases provided (Early Terminations)                                              3,954,378.03
                                                                                                       -------------------
A10    Discounted Present Value, ending                                                                    586,233,275.75
                                                                                                       -------------------

--------------------------------------------------------------------------------------------------------------------------
B      PAST DUE LEASE PAYMENTS
--------------------------------------------------------------------------------------------------------------------------
B1     Past due balance, beginning                                                                           3,386,033.30
B2     Less:    Past due payments received (reimbursed per this report)                                      2,461,816.81
B3     Less:    Past dues on Non-Performing, Warranty and Adjusted Leases                                      346,762.00
B4     Less:    Past dues on Early Terminations                                                                153,363.00
B5     Add:     New Net Advances (last month's current payments that became past due)                        2,922,532.16
B6     Add:     Past dues on Replacement Leases                                                                 26,194.02
                                                                                                       -------------------
B7     Past due balance, ending                                                                              3,372,817.67
                                                                                                       -------------------

--------------------------------------------------------------------------------------------------------------------------
C      ADVANCE LEASE PAYMENTS
--------------------------------------------------------------------------------------------------------------------------
C1     Advance payment balance, beginning                                                                    8,215,847.73
C2     Less:    Applied to Current from Prepaid                                                              2,326,820.68
C3     Less:    Advance payments on Disqualified Leases                                                      2,288,681.00
C4     Add:     Received on Replacement Leases                                                                 111,401.51
C5     Add:     Received this month                                                                          4,402,047.59
                                                                                                       -------------------
C6     Advance payment balance, ending                                                                       8,113,795.15
                                                                                                       -------------------

--------------------------------------------------------------------------------------------------------------------------
D      SUBSTITUTIONS
--------------------------------------------------------------------------------------------------------------------------
D1     Non-Performing Leases Substitued to date, beginning                                                  13,287,070.62
D2     Add:     Non-Performing Leases provided with Substitute Leases                                        2,683,418.71
                                                                                                       -------------------
D3     Non-Performing Leases Substitued to date, ending                                                     15,970,489.33
                                                                                                       -------------------
D4     Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                        2.338%

--------------------------------------------------------------------------------------------------------------------------
E      RESERVE ACCOUNT
--------------------------------------------------------------------------------------------------------------------------
E1     Reserve Account balance, beginning                                                                    6,830,269.04
E2     Memo:    Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                             6,830,269.04
E3     Less:    Shortfall (min [max -I1 or zero] or E1)                                                        399,476.79
E4     Add:     Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                                    -
                                                                                                       -------------------
E5     Reserve Account balance, ending                                                                       6,430,792.25
                                                                                                       -------------------

--------------------------------------------------------------------------------------------------------------------------
F      AVAILABLE FUNDS (COLLECTION ACCOUNT)
--------------------------------------------------------------------------------------------------------------------------
F1              Regular monthly Lease Payments                                                              14,351,229.71
F2              Past due payments received (B2)                                                              2,461,816.81
F3              Past due payments due on Early Termination (From Seller) (B4)                                  153,363.00
F4              Advance payments on monthly rentals (excluding cash residuals)                               4,134,804.60
F5              Proceeds from Prepayments not replaced (max A7-A9 or zero)                                              -
F6              Recoveries on Non-Performing Leases not Substituted                                                     -
F7              Late Charges on delinquent payments not advanced                                                        -
F8              Proceeds from Investment of Collection and Reserve Account Funds                               191,492.96
F9              Servicer Advances (B5)                                                                       2,922,532.16
F10             Casualty and Termination Payments                                                                       -
F11             Net decrease in Advance Lease Payments balance (C1-C6)                                         102,052.58
                                                                                                       -------------------
F12    Total Available Funds                                                                                24,317,291.82
                                                                                                       -------------------
</TABLE>
<PAGE>   12



                                                                    Page 2 of 2
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
G      PAYMENTS TO THE SERVICER
--------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                             <C>
G1              Past due payments received (B2)                                                              2,461,816.81
G2              Past due payments advanced on Disqualified Leases (B3+B4)                                      500,125.00
G3              Advance payments on Disqualified Leases (C3)                                                 2,288,681.00
G4              Servicer Fee (A4)                                                                              376,509.47
                                                                                                       -------------------
G5     Total Payments to Servicer                                                                            5,627,132.28
                                                                                                       -------------------

--------------------------------------------------------------------------------------------------------------------------
H      PAYMENTS TO NOTEHOLDERS
--------------------------------------------------------------------------------------------------------------------------
H1              Class A-1 Interest Payment (5.68%*H9*actual/360)                                               557,835.70
H2              Class A-2 Interest Payment (5.78%*H13/12)                                                      444,138.24
H3              Class A-3 Interest Payment (5.78%*H16/12)                                                      715,556.06
H4              Class A-4 Interest Payment (5.92%*H19/12)                                                      800,279.86
H5              Class B Interest Payment (5.94%*H22/12)                                                         84,524.58
H6              Class C Interest Payment (6.01%*H27/12)                                                         68,416.53
H7              Class D Interest Payment (6.33%*H32/12)                                                        108,089.01
H8              Class E Interest Payment (7.55%*H37/12)                                                        128,921.33
H9     Class A-1 Note Balance, beginning                                                                   114,050,914.56
H10    Class A Target Investor Principal Amount (A10*82.5175%)                                             483,745,043.32
H11             Class A-1 Principal Payment (min(A1-A10) or H9)                                             16,181,875.03
H12    CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                          97,869,039.53
H13    Class A-2 Note Balance, beginning                                                                    92,208,632.00
H14             Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                            -
H15    CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                         92,208,632.00
H16    Class A-3 Note Balance, beginning                                                                   148,558,352.00
H17             Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                           -
H18    CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                        148,558,352.00
H19    Class A-4 Note Balance, beginning                                                                   162,218,890.00
H20             Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                       -
H21    CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                        162,218,890.00
H22    Class B Note Balance, beginning                                                                      17,075,673.00
H23    Class B Target Investor Principal Amount (A10*3.4965%)                                               20,497,646.49
H24    Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                        -
H25             Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                           -
H26    CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                           17,075,673.00
H27    Class C Note Balance, beginning                                                                      13,660,538.00
H28    Class C Target Investor Principal Amount (A10*2.7972%)                                               16,398,117.19
H29    Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                      -
H30             Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                           -
H31    CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                           13,660,538.00
H32    Class D Note Balance, beginning                                                                      20,490,807.00
H33    Class D Target Investor Principal Amount (A10*4.1958%)                                               24,597,175.78
H34    Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                    -
H35             Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                           -
H36    CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                           20,490,807.00
H37    Class E Note Balance, beginning                                                                      20,490,807.00
H38    Class E Target Investor Principal Amount (A10*4.1958%)                                               24,597,175.78
H39    Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                          -
H40             Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                           -
H41    CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                           20,490,807.00
H42    Overcollateralization Balance, beginning (max A1-[H9+H13+H16+H19+H22+H27+H32+H37] or 0)              13,660,537.22
H43    Cumulative Loss Amount (H9+H13+H16+H19+H22+H27+H32+H37+H42                                              399,476.79
                                             -[min A1-A10 or F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]-A10)
H44    Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then 0 else [max 0                          -
       or {H9+H13+H16+H19+H22+H27+H32+H37+H42}-A10-{H11+H14+H17+H20+H25+H30+H35+H40}])
H45    Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                       -
H46    Additional Principal paid to Class A-2 (min H13-H14 or H44-H45)                                                  -
H47    Additional Principal paid to Class A-3 (min H16-H17 or H44-H45-H46)                                              -
H48    Additional Principal paid to Class A-4 (min H19-H20 or H44-H45-H46-H47)                                          -
H49    Additional Principal paid to Class B (min H22-H25 or H44-H45-H46-H47-H48)                                        -
H50    Additional Principal paid to Class C (min H27-H30 or H44-H45-H46-H47-H48-H49)                                    -
H51    Additional Principal paid to Class D (min H32-H35 or H44-H45-H46-H47-H48-H49-H50)                                -
H52    Additional Principal paid to Class E (min H37-H40 or H44-H45-H46-H47-H48-H49-H50-H51)                            -
I1     Available for Distribution to Copelco Capital, Inc. prior to payment of Additional
       Principal (Shortfall)                                                                                 (399,476.79)
       (if F12-G5-H1-H2-H3-H4-H5-H6-H7-H8-[A1-A10-H11]*97.2028%-H11)
I2     Distribution to Copelco Capital, Inc. after payment of Additional Principal and                       (399,476.79)
                Reserve Release (Deposit) (I1-H44-E4)
</TABLE>


<PAGE>   13

COPELCO CAPITAL FUNDING TRUST 1998-A                                Page 1 of 2
Monthly Servicer Report                                                 2/12/99
Payment Date             FEBRUARY 16, 1999                              2:03 PM
Months in progress       7


<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
A      PRESENT VALUE
----------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                                 <C>
A1     Discounted Present Value, beginning                                                                   586,233,275.75
A2     Less:    Lease receivables, current month                                                              19,426,079.01
A3     Add:     Interest component (5.939%*A1/12)                                                              2,901,366.19
A4     Add:     Servicing Fee (0.75%*A1/12)                                                                      366,395.80
A5     Less:    Current month Non-Performing                                                                   2,421,687.00
A6     Less:    Current month Warranty and Adjusted Leases                                                                -
A7     Less:    Current month Early Terminations                                                               2,943,347.00
A8     Add:     Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                      2,421,135.57
A9     Add:     Additional Leases provided (Early Terminations)                                                2,943,362.02
                                                                                                        --------------------
A10    Discounted Present Value, ending                                                                      570,074,422.31
                                                                                                        --------------------

----------------------------------------------------------------------------------------------------------------------------
B      PAST DUE LEASE PAYMENTS
----------------------------------------------------------------------------------------------------------------------------
B1     Past due balance, beginning                                                                             3,372,817.67
B2     Less:    Past due payments received (reimbursed per this report)                                        2,428,184.47
B3     Less:    Past dues on Non-Performing, Warranty and Adjusted Leases                                        261,054.00
B4     Less:    Past dues on Early Terminations                                                                  261,972.00
B5     Add:     New Net Advances (last month's current payments that became past due)                          3,214,192.90
B6     Add:     Past dues on Replacement Leases                                                                   10,674.31
                                                                                                        --------------------
B7     Past due balance, ending                                                                                3,646,474.41
                                                                                                        --------------------

----------------------------------------------------------------------------------------------------------------------------
C      ADVANCE LEASE PAYMENTS
----------------------------------------------------------------------------------------------------------------------------
C1     Advance payment balance, beginning                                                                      8,113,795.15
C2     Less:    Applied to Current from Prepaid                                                                2,088,974.80
C3     Less:    Advance payments on Disqualified Leases                                                          535,642.00
C4     Add:     Received on Replacement Leases                                                                    88,780.10
C5     Add:     Received this month                                                                            3,033,935.72
                                                                                                        --------------------
C6     Advance payment balance, ending                                                                         8,611,894.17
                                                                                                        --------------------

----------------------------------------------------------------------------------------------------------------------------
D      SUBSTITUTIONS
----------------------------------------------------------------------------------------------------------------------------
D1     Non-Performing Leases Substitued to date, beginning                                                    15,970,489.33
D2     Add:     Non-Performing Leases provided with Substitute Leases                                          2,421,135.57
                                                                                                        --------------------
D3     Non-Performing Leases Substitued to date, ending                                                       18,391,624.90
                                                                                                        --------------------
D4     Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                          2.693%

----------------------------------------------------------------------------------------------------------------------------
E      RESERVE ACCOUNT
----------------------------------------------------------------------------------------------------------------------------
E1     Reserve Account balance, beginning                                                                      6,430,792.25
E2     Memo:    Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                               6,830,269.04
E3     Less:    Shortfall (min [max -I1 or zero] or E1)                                                          116,777.12
E4     Add:     Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                                      -
                                                                                                        --------------------
E5     Reserve Account balance, ending                                                                         6,314,015.14
                                                                                                        --------------------

----------------------------------------------------------------------------------------------------------------------------
F      AVAILABLE FUNDS (COLLECTION ACCOUNT)
----------------------------------------------------------------------------------------------------------------------------
F1              Regular monthly Lease Payments                                                                14,223,545.81
F2              Past due payments received (B2)                                                                2,428,184.47
F3              Past due payments due on Early Termination (From Seller) (B4)                                    261,972.00
F4              Advance payments on monthly rentals (excluding cash residuals)                                 2,945,578.66
F5              Proceeds from Prepayments not replaced (max A7-A9 or zero)                                                -
F6              Recoveries on Non-Performing Leases not Substituted                                                       -
F7              Late Charges on delinquent payments not advanced                                                          -
F8              Proceeds from Investment of Collection and Reserve Account Funds                                 148,563.72
F9              Servicer Advances (B5)                                                                         3,214,192.90
F10             Casualty and Termination Payments                                                                         -
F11             Net decrease in Advance Lease Payments balance (C1-C6)                                         (498,099.02)
                                                                                                        --------------------
F12    Total Available Funds                                                                                  22,723,938.54
                                                                                                        --------------------
</TABLE>

<PAGE>   14




                                                                     Page 2 of 2
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                                  <C>
G      PAYMENTS TO THE SERVICER
----------------------------------------------------------------------------------------------------------------------------
G1              Past due payments received (B2)                                                                2,428,184.47
G2              Past due payments advanced on Disqualified Leases (B3+B4)                                        523,026.00
G3              Advance payments on Disqualified Leases (C3)                                                     535,642.00
G4              Servicer Fee (A4)                                                                                366,395.80
                                                                                                        --------------------
G5     Total Payments to Servicer                                                                              3,853,248.27
                                                                                                        --------------------

----------------------------------------------------------------------------------------------------------------------------
H      PAYMENTS TO NOTEHOLDERS
----------------------------------------------------------------------------------------------------------------------------
H1              Class A-1 Interest Payment (5.68%*H9*actual/360)                                                 478,688.35
H2              Class A-2 Interest Payment (5.78%*H13/12)                                                        444,138.24
H3              Class A-3 Interest Payment (5.78%*H16/12)                                                        715,556.06
H4              Class A-4 Interest Payment (5.92%*H19/12)                                                        800,279.86
H5              Class B Interest Payment (5.94%*H22/12)                                                           84,524.58
H6              Class C Interest Payment (6.01%*H27/12)                                                           68,416.53
H7              Class D Interest Payment (6.33%*H32/12)                                                          108,089.01
H8              Class E Interest Payment (7.55%*H37/12)                                                          128,921.33
H9     Class A-1 Note Balance, beginning                                                                      97,869,039.53
H10    Class A Target Investor Principal Amount (A10*82.5175%)                                               470,411,161.43
H11             Class A-1 Principal Payment (min(A1-A10) or H9)                                               16,158,853.44
H12    CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                            81,710,186.09
H13    Class A-2 Note Balance, beginning                                                                      92,208,632.00
H14             Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                              -
H15    CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                           92,208,632.00
H16    Class A-3 Note Balance, beginning                                                                     148,558,352.00
H17             Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                             -
H18    CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                          148,558,352.00
H19    Class A-4 Note Balance, beginning                                                                     162,218,890.00
H20             Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                         -
H21    CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                          162,218,890.00
H22    Class B Note Balance, beginning                                                                        17,075,673.00
H23    Class B Target Investor Principal Amount (A10*3.4965%)                                                 19,932,652.18
H24    Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                          -
H25             Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                             -
H26    CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                             17,075,673.00
H27    Class C Note Balance, beginning                                                                        13,660,538.00
H28    Class C Target Investor Principal Amount (A10*2.7972%)                                                 15,946,121.74
H29    Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                        -
H30             Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                             -
H31    CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                             13,660,538.00
H32    Class D Note Balance, beginning                                                                        20,490,807.00
H33    Class D Target Investor Principal Amount (A10*4.1958%)                                                 23,919,182.61
H34    Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                      -
H35             Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                             -
H36    CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                             20,490,807.00
H37    Class E Note Balance, beginning                                                                        20,490,807.00
H38    Class E Target Investor Principal Amount (A10*4.1958%)                                                 23,919,182.61
H39    Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                            -
H40             Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                             -
H41    CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                             20,490,807.00
H42    Overcollateralization Balance, beginning (max A1-[H9+H13+H16+H19+H22+H27+H32+H37] or 0)                13,660,537.22
H43    Cumulative Loss Amount (H9+H13+H16+H19+H22+H27+H32+H37+H42                                                116,777.12
                                             -[min A1-A10 or F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]-A10)
H44    Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then 0 else [max 0                            -
       or {H9+H13+H16+H19+H22+H27+H32+H37+H42}-A10-{H11+H14+H17+H20+H25+H30+H35+H40}])
H45    Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                         -
H46    Additional Principal paid to Class A-2 (min H13-H14 or H44-H45)                                                    -
H47    Additional Principal paid to Class A-3 (min H16-H17 or H44-H45-H46)                                                -
H48    Additional Principal paid to Class A-4 (min H19-H20 or H44-H45-H46-H47)                                            -
H49    Additional Principal paid to Class B (min H22-H25 or H44-H45-H46-H47-H48)                                          -
H50    Additional Principal paid to Class C (min H27-H30 or H44-H45-H46-H47-H48-H49)                                      -
H51    Additional Principal paid to Class D (min H32-H35 or H44-H45-H46-H47-H48-H49-H50)                                  -
H52    Additional Principal paid to Class E (min H37-H40 or H44-H45-H46-H47-H48-H49-H50-H51)                              -

I1     Available for Distribution to Copelco Capital, Inc. prior to payment of Additional
       Principal (Shortfall)                                                                                   (116,777.12)
       (if F12-G5-H1-H2-H3-H4-H5-H6-H7-H8-[A1-A10-H11]*97.2028%-H11)

I2     Distribution to Copelco Capital, Inc. after payment of Additional Principal and                         (116,777.12)
                Reserve Release (Deposit) (I1-H44-E4)

</TABLE>

<PAGE>   15
COPELCO CAPITAL FUNDING TRUST 1998-A                                Page 1 of 2
Monthly Servicer Report                                                 3/12/99
Payment Date             MARCH 15, 1999                                10:51 AM

Months in progress       8

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
A      PRESENT VALUE
------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                             <C>
A1     Discounted Present Value, beginning                                                               570,074,422.31
A2     Less:    Lease receivables, current month                                                          19,409,020.69
A3     Add:     Interest component (5.939%*A1/12)                                                          2,821,393.33
A4     Add:     Servicing Fee (0.75%*A1/12)                                                                  356,296.51
A5     Less:    Current month Non-Performing                                                               3,132,897.00
A6     Less:    Current month Warranty and Adjusted Leases                                                            -
A7     Less:    Current month Early Terminations                                                           1,895,372.00
A8     Add:     Substitute Leases provided (Non-Performing, Warranty and Adjusted Leases)                  3,133,412.49
A9     Add:     Additional Leases provided (Early Terminations)                                            1,895,443.20
                                                                                                      ------------------
A10    Discounted Present Value, ending                                                                  553,843,678.15
                                                                                                      ------------------

------------------------------------------------------------------------------------------------------------------------
B      PAST DUE LEASE PAYMENTS
------------------------------------------------------------------------------------------------------------------------
B1     Past due balance, beginning                                                                         3,646,474.41
B2     Less:    Past due payments received (reimbursed per this report)                                    2,578,780.89
B3     Less:    Past dues on Non-Performing, Warranty and Adjusted Leases                                    337,680.00
B4     Less:    Past dues on Early Terminations                                                               76,239.00
B5     Add:     New Net Advances (last month's current payments that became past due)                      3,203,048.61
B6     Add:     Past dues on Replacement Leases                                                                7,417.47
                                                                                                      ------------------
B7     Past due balance, ending                                                                            3,864,240.60
                                                                                                      ------------------

------------------------------------------------------------------------------------------------------------------------
C      ADVANCE LEASE PAYMENTS
------------------------------------------------------------------------------------------------------------------------
C1     Advance payment balance, beginning                                                                  8,611,894.17
C2     Less:    Applied to Current from Prepaid                                                            2,249,696.48
C3     Less:    Advance payments on Disqualified Leases                                                      656,900.00
C4     Add:     Received on Replacement Leases                                                               128,430.03
C5     Add:     Received this month                                                                        2,298,919.66
                                                                                                      ------------------
C6     Advance payment balance, ending                                                                     8,132,647.38
                                                                                                      ------------------

------------------------------------------------------------------------------------------------------------------------
D      SUBSTITUTIONS
------------------------------------------------------------------------------------------------------------------------
D1     Non-Performing Leases Substitued to date, beginning                                                18,391,624.90
D2     Add:     Non-Performing Leases provided with Substitute Leases                                      3,132,897.00
                                                                                                      ------------------
D3     Non-Performing Leases Substitued to date, ending                                                   21,524,521.90
                                                                                                      ------------------
D4     Percentage of Present Value at Cut-Off Date (D3/$683,026,904.22) (not to exceed 10%)                      3.151%

------------------------------------------------------------------------------------------------------------------------
E      RESERVE ACCOUNT
------------------------------------------------------------------------------------------------------------------------
E1     Reserve Account balance, beginning                                                                  6,298,573.58
E2     Memo:    Required Reserve Amount (min 1%*$683,026,904.22 or A10*97.2028%)                           6,830,269.04
E3     Less:    Shortfall (min [max -I1 or zero] or E1)                                                      272,646.31
E4     Add:     Deposit from (Release to) Copelco (min E2+E3-E1 or [max I1 or zero])                                  -
                                                                                                      ------------------
E5     Reserve Account balance, ending                                                                     6,025,927.27
                                                                                                      ------------------

------------------------------------------------------------------------------------------------------------------------
F      AVAILABLE FUNDS (COLLECTION ACCOUNT)
------------------------------------------------------------------------------------------------------------------------
F1              Regular monthly Lease Payments                                                            13,986,530.90
F2              Past due payments received (B2)                                                            2,578,780.89
F3              Past due payments due on Early Termination (From Seller) (B4)                                 76,239.00
F4              Advance payments on monthly rentals (excluding cash residuals)                             2,193,363.01
F5              Proceeds from Prepayments not replaced (max A7-A9 or zero)                                            -
F6              Recoveries on Non-Performing Leases not Substituted                                                   -
F7              Late Charges on delinquent payments not advanced                                                      -
F8              Proceeds from Investment of Collection and Reserve Account Funds                             144,796.05
F9              Servicer Advances (B5)                                                                     3,203,048.61
F10             Casualty and Termination Payments                                                                     -
F11             Net decrease in Advance Lease Payments balance (C1-C6)                                       479,246.79
                                                                                                      ------------------
F12    Total Available Funds                                                                              22,662,005.25
                                                                                                      ------------------
</TABLE>


<PAGE>   16




                                                                   Page 2 of 2
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
<S>    <C>                                                                                              <C>
G      PAYMENTS TO THE SERVICER
------------------------------------------------------------------------------------------------------------------------
G1              Past due payments received (B2)                                                            2,578,780.89
G2              Past due payments advanced on Disqualified Leases (B3+B4)                                    413,919.00
G3              Advance payments on Disqualified Leases (C3)                                                 656,900.00
G4              Servicer Fee (A4)                                                                            356,296.51
                                                                                                      ------------------
G5     Total Payments to Servicer                                                                          4,005,896.40
                                                                                                      ------------------

------------------------------------------------------------------------------------------------------------------------
H      PAYMENTS TO NOTEHOLDERS
------------------------------------------------------------------------------------------------------------------------
H1              Class A-1 Interest Payment (5.68%*H9*actual/360)                                             348,085.39
H2              Class A-2 Interest Payment (5.78%*H13/12)                                                    444,138.24
H3              Class A-3 Interest Payment (5.78%*H16/12)                                                    715,556.06
H4              Class A-4 Interest Payment (5.92%*H19/12)                                                    800,279.86
H5              Class B Interest Payment (5.94%*H22/12)                                                       84,524.58
H6              Class C Interest Payment (6.01%*H27/12)                                                       68,416.53
H7              Class D Interest Payment (6.33%*H32/12)                                                      108,089.01
H8              Class E Interest Payment (7.55%*H37/12)                                                      128,921.33
H9     Class A-1 Note Balance, beginning                                                                  81,710,186.09
H10    Class A Target Investor Principal Amount (A10*82.5175%)                                           457,017,957.12
H11             Class A-1 Principal Payment (min(A1-A10) or H9)                                           16,230,744.16
H12    CLASS A-1 NOTE BALANCE, ENDING (H9-H11-H45)                                                        65,479,441.93
H13    Class A-2 Note Balance, beginning                                                                  92,208,632.00
H14             Class A-2 Principal Payment (min [max (A1-A10)*82.5175%-H11 or zero] or H13)                          -
H15    CLASS A-2 NOTE BALANCE, ENDING (H13-H14-H46)                                                       92,208,632.00
H16    Class A-3 Note Balance, beginning                                                                 148,558,352.00
H17             Class A-3 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14 or 0] or H16)                         -
H18    CLASS A-3 NOTE BALANCE, ENDING (H16-H17-H47)                                                      148,558,352.00
H19    Class A-4 Note Balance, beginning                                                                 162,218,890.00
H20             Class A-4 Principal Payment (min [max (A1-A10)*82.5175%-H11-H14-H18 or 0] or H19)                     -
H21    CLASS A-4 NOTE BALANCE, ENDING (H19-H20-H48)                                                      162,218,890.00
H22    Class B Note Balance, beginning                                                                    17,075,673.00
H23    Class B Target Investor Principal Amount (A10*3.4965%)                                             19,365,144.21
H24    Class B Floor (max $683,026,904.22*2.7%+H43-[H27+H32+H37]-H42-E5 or zero)                                      -
H25             Class B Principal Payment (min {max [max H23 or H24]-H22-H11 or zero} or H22)                         -
H26    CLASS B NOTE BALANCE, ENDING (H22-H25-H49)                                                         17,075,673.00
H27    Class C Note Balance, beginning                                                                    13,660,538.00
H28    Class C Target Investor Principal Amount (A10*2.7972%)                                             15,492,115.37
H29    Class C Floor (if H22<=H24 then H27 else {max $683,026,904.22*2.2%+H43-[H32+H37]-H42-E5,0})                    -
H30             Class C Principal Payment (min {max [max H28 or H29]-H27-H11 or zero} or H27)                         -
H31    CLASS C NOTE BALANCE, ENDING (H27-H30-H50)                                                         13,660,538.00
H32    Class D Note Balance, beginning                                                                    20,490,807.00
H33    Class D Target Investor Principal Amount (A10*4.1958%)                                             23,238,173.05
H34    Class D Floor (if H27<=H29 then H32 else {max $683,026,904.22*1.8%+H43-[H37]-H42-E5 or zero})                  -
H35             Class D Principal Payment (min {max [max H33 or H34]-H32-H11 or zero} or H32)                         -
H36    CLASS D NOTE BALANCE, ENDING (H32-H35-H51)                                                         20,490,807.00
H37    Class E Note Balance, beginning                                                                    20,490,807.00
H38    Class E Target Investor Principal Amount (A10*4.1958%)                                             23,238,173.05
H39    Class E Floor (if H32<=H34 then H37 else [max $683,026,904.22*1.2%+H43-H42-E5 or zero])                        -
H40             Class E Principal Payment (min {max [max H38 or H39]-H37-H11 or zero} or H37)                         -
H41    CLASS E NOTE BALANCE, ENDING (H37-H40-H52)                                                         20,490,807.00
H42    Overcollateralization Balance, beginning (max A1-[H9+H13+H16+H19+H22+H27+H32+H37] or 0)            13,660,537.22
H43    Cumulative Loss Amount (H9+H13+H16+H19+H22+H27+H32+H37+H42                                            272,646.31
                                             -[min A1-A10 or F12-G5-H1-H2-H3-H4-H5-H6-H7-H8]-A10)
H44    Additional Principal (if H23>H24 and H28>H29 and H33>H34 and H38>H39 then 0 else [max 0                        -
       or {H9+H13+H16+H19+H22+H27+H32+H37+H42}-A10-{H11+H14+H17+H20+H25+H30+H35+H40}])
H45    Additional Principal paid to Class A-1 (min H9-H11 or H44)                                                     -
H46    Additional Principal paid to Class A-2 (min H13-H14 or H44-H45)                                                -
H47    Additional Principal paid to Class A-3 (min H16-H17 or H44-H45-H46)                                            -
H48    Additional Principal paid to Class A-4 (min H19-H20 or H44-H45-H46-H47)                                        -
H49    Additional Principal paid to Class B (min H22-H25 or H44-H45-H46-H47-H48)                                      -
H50    Additional Principal paid to Class C (min H27-H30 or H44-H45-H46-H47-H48-H49)                                  -
H51    Additional Principal paid to Class D (min H32-H35 or H44-H45-H46-H47-H48-H49-H50)                              -
H52    Additional Principal paid to Class E (min H37-H40 or H44-H45-H46-H47-H48-H49-H50-H51)                          -


I1     Available for Distribution to Copelco Capital, Inc. prior to payment of Additional
       Principal (Shortfall)                                                                               (272,646.31)
       (if F12-G5-H1-H2-H3-H4-H5-H6-H7-H8-[A1-A10-H11]*97.2028%-H11)

I2     Distribution to Copelco Capital, Inc. after payment of Additional Principal and                     (272,646.31)
                Reserve Release (Deposit) (I1-H44-E4)

</TABLE>