UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-K


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

                   For the fiscal year ended October 31, 2001

                                       OR

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


             For the transition period from __________ to__________
                                   ----------
                         Commission File Number 33-87374
                                   ----------


             NAVISTAR FINANCIAL SECURITIES CORPORATION on behalf of
                   NAVISTAR FINANCIAL DEALER NOTE MASTER TRUST
             (Exact name of Registrant as specified in its charter)


            Delaware                                     36-3731520
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)


           2850 West Golf Road
        Rolling Meadows, Illinois                          60008
(Address of principal executive offices)                (Zip Code)

        Registrant's telephone number, including area code (847) 734-4000

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

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

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months and (2) has been subject to such filing requirements for
the past 90 days. Yes X No __
<PAGE>

                                     PART I

Item 1.  Business

     The  Navistar  Financial  Dealer  Note Trust 1990 (the  "1990  trust")  was
terminated as of February 28, 1999. All outstanding 1990 Trust Certificates were
redeemed  in  full.  At that  time all  assets  owned  by the  1990  Trust  were
transferred to the Navistar Financial 1995 Dealer Note Master Trust (the "Master
Trust") and the Master Trust became the active trust.

     The Master Trust was formed  pursuant to a Pooling and Servicing  Agreement
dated as of June 8, 1995, among Navistar Financial  Securities  Corporation,  as
Seller (the "Seller"), Navistar Financial Corporation, as Servicer, and The Bank
of New York,  as Master Trust  Trustee.  On June 8, 1995,  the 1990 Trust issued
certificates  representing  an undivided  interest in the 1990 Trust assets (the
"1990 Trust  Certificates")  in the amount of $207.9 million to the Master Trust
which,  in turn,  issued  Series  1995-1  Certificates  in the  amount of $200.0
million to the  public.  On August 19,  1997,  the 1990 Trust  issued 1990 Trust
Certificates in the amount of $200.0 million to the Master Trust which, in turn,
issued  Series 1997-1  Certificates  to the public.  On July 17, 1998,  the 1990
Trust  issued  1990 Trust  Certificates  in the amount of $200.0  million to the
Master Trust which, in turn, issued Series 1998-1 Certificates to the public. On
July  13,  2000,  the  Master  Trust  issued  Series  2000-1  of  Class  A and B
Certificates in the amount of $200.0 million and $12.0 million to the public.

     Wholesale  dealer notes (the "Dealer Notes") and security  interests in the
vehicles  financed  thereby were transferred to the Master Trust in exchange for
floating rate pass-through certificates (the "Investor Certificates") which were
remarketed to the public.  Additional  Dealer Notes are sold on a daily basis by
the Seller to the Master  Trust to replace  those  Dealer  Notes which have been
liquidated or charged off as uncollectible. Accordingly, the aggregate amount of
Dealer  Notes in the Master Trust will  fluctuate  from day to day as new Dealer
Notes are generated and as existing Dealer Notes are removed.

     Under the terms of the  Pooling  and  Servicing  Agreement,  the  Seller is
required  to maintain a minimum  investment  in the Master  Trust (the  "Minimum
Master Trust  Seller's  Interest"),  a portion of which is  subordinated  to the
Investor Certificates. If the amount of Dealer Notes in the Master Trust is less
than the combined ownership interest evidenced by the Investor  Certificates and
Minimum  Master Trust  Seller's  Interest,  the Seller must transfer  additional
funds  ("Investment   Securities")  to  the  Master  Trust  to  maintain  NFSC's
investment  in the Master Trust (the "Master  Trust  Seller's  Interest")  at an
amount not less the Minimum Master Trust Seller's Interest.

Item 2.  Properties

      Not applicable.
<PAGE>

                               PART I (continued)

Item 3.  Legal Proceedings

     The registrant  knows of no material  pending legal  proceedings  involving
either the Dealer Notes or the trustees, or the Seller or Servicer in respect of
the trusts.

Item 4.  Submission of Matters to a Vote of Security Holders

     No matter  was  submitted  during  the  period of this  report to a vote of
holders of the Certificates.
                                     PART II

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

     Not applicable.

Item 6.  Selected Financial Data

     Not applicable.

Item 7.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations

     As of October 31, 2001, the combined aggregate  principal balance of Dealer
Notes and Investment Securities was $952.4 million. Reference is made to Exhibit
13 for  additional  information  regarding  principal and interest payments with
respect  to  the  Investor  Certificates  and  information  regarding  servicing
compensation and other fees paid by the trusts during the fiscal year.

     As of October 31, 2001, the combined aggregate  principal balance of Dealer
Notes and  Investment  Securities  allocated  by the  Master  Trust to  Investor
Certificates  and the Master  Trust  Seller's  Interest  was $797.3  million and
$155.1 million, respectively.

Item 8.  Financial Statements and Supplementary Data

     Not applicable.

Item 9.  Changes in and Disagreements With Accountants on Accounting and
         Financial Disclosure

     None.

<PAGE>


                                    PART III

Item 10.  Directors and Executive Officers of the Registrant

     Not applicable.

Item 11.  Executive Compensation

     Not applicable.

Item 12.  Security Ownership of Certain Beneficial Owners and Management

     Not applicable.

Item 13.  Certain Relationships and Related Transactions

     Not applicable.

                                     PART IV

Item 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K

        (a)  Exhibits

             3  Articles of Incorporation and By-Laws

            10  Material Contracts

                An Annual  Summary of the  Servicer and  Settlement  Certificate
                listed  below  is  an annualized version of the monthly Servicer
                Certificates prepared by the Servicer.

           13(a)  -  Annual Summary of Servicer and Settlement Certificates
                     Series 1995-1

           13(b)  -  Annual Summary of Servicer and Settlement Certificates
                     Series 1997-1

           13(c)  -  Annual Summary of Servicer and Settlement Certificates
                     Series 1998-1

           13(d)  -  Annual Summary of Servicer and Settlement Certificates
                     Series 2000-1


        (b)  Reports on Form 8-K:

             The Registrant filed the following reports on Form 8-K during the
             three months ended October 31, 2001:

             (i)   Form 8-K dated August 29, 2001
            (ii)   Form 8-K dated October 9, 2001
           (iii)   Form 8-K dated October 29, 2001
<PAGE>

                                   SIGNATURES




     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


               NAVISTAR FINANCIAL SECURITIES CORPORATION on behalf
                 of NAVISTAR FINANCIAL DEALER NOTE MASTER TRUST
             (Exact name of Registrant as specified in its charter)












By:  /s/     RONALD D. MARKLE                                   January 29, 2002
             Ronald D. Markle
             Vice President and Controller
             (Principal Accounting Officer)


<PAGE>

                                  EXHIBIT INDEX




    Exhibit No.             Exhibit

       3       Articles of Incorporation and By-Laws

      10       Material Contracts

      13(a)    Annual Summary
                    -  Servicer and Settlement Certificates
                       Series 1995-1

      13(b)    Annual Summary
                    -  Servicer and Settlement Certificates
                       Series 1997-1

      13(c)    Annual Summary
                    -  Servicer and Settlement Certificates
                       Series 1998-1

      13(d)    Annual Summary
                    -  Servicer and Settlement Certificates
                       Series 2000-1

<PAGE>

                                                                       Exhibit 3
                    NAVISTAR FINANCIAL SECURITIES CORPORATION


                      ARTICLES OF INCORPORATION AND BY-LAWS

The  following  documents  of  Navistar  Financial  Securities  Corporation  are
incorporated herein by reference:

     3.1  Certificate  of   Incorporation  of  Navistar   Financial   Securities
          Corporation   (as  in  effect  on  September  13,   1990).   Filed  on
          Registration No. 33-36767.

     3.2  The By-Laws of Navistar  Financial  Securities  Corporation.  Filed on
          Registration No. 33-36767. Exhibit 10

<PAGE>



                               MATERIAL CONTRACTS

The following material contracts of Navistar  Financial  Securities  Corporation
are incorporated herein by reference:

10.1 Pooling and Servicing  Agreement  dated as of June 8, 1995,  among Navistar
     Financial   Corporation,   as  Servicer,   Navistar  Financial   Securities
     Corporation,  as Seller,  The Chase  Manhattan Bank (survivor in the merger
     between The Chase  Manhattan  Bank and Chemical Bank which was the survivor
     in the  merger  between  Chemical  Bank  and  Manufacturers  Hanover  Trust
     Company),  as 1990 Trust Trustee, and The Bank of New York, as Master Trust
     Trustee. Filed on Registration No. 33-87374.

10.2 Series 1995-1 Supplement to the Pooling and Servicing Agreement dated as of
     June 8, 1995, among Navistar Financial Corporation,  as Servicer,  Navistar
     Financial Securities  Corporation,  as Seller, and The Bank of New York, as
     Master  Trust  Trustee on behalf of the Series  1995-1  Certificateholders.
     Filed on Registration No. 33-87374.

10.3 Purchase  Agreement dated as of June 8, 1995,  between  Navistar  Financial
     Corporation and Navistar Financial  Securities  Corporation,  as Purchaser,
     with respect to the Dealer Note Master  Trust.  Filed on  Registration  No.
     33-87374.

10.4 Series 1997-1 Supplement to the Pooling and Servicing Agreement dated as of
     August  19,  1997,  among  Navistar  Financial  Corporation,  as  Servicer,
     Navistar Financial Securities  Corporation,  as Seller, and The Bank of New
     York,   as  Master   Trust   Trustee  on  behalf  of  the   Series   1997-1
     Certificateholders. Filed on Registration No. 333-30737.

10.5 Series 1998-1 Supplement to the Pooling and Servicing Agreement dated as of
     July 17, 1998, among Navistar Financial Corporation,  as Servicer, Navistar
     Financial Securities  Corporation,  as Seller, and The Bank of New York, as
     Master  Trust  Trustee on behalf of the Series  1998-1  Certificateholders.
     Filed on Registration No. 333-30737.

10.6 Series 2000-1 Supplement to the Pooling and Servicing Agreement dated as of
     July 13, 2000, among Navistar Financial Corporation,  as Servicer, Navistar
     Financial Securities  Corporation,  as Seller, and The Bank of New York, as
     Master  Trust  Trustee on behalf of the Series  2000-1  Certificateholders.
     Filed on Registration No. 333-32960.
<PAGE>
<TABLE>
<S>                                                                                         <C>

                                                                                  Exhibit 13(a)
                                                                                    Page 1 of 7
                   ANNUAL SERVICER AND SETTLEMENT CERTIFICATE

                            DEALER NOTE MASTER TRUST


                              CLASS A, DEALER NOTE
                            ASSET BACKED CERTIFICATES
                                  SERIES 1995-1


Under the Series 1995-1  Supplement dated as of June 8, 1995 (the  "Supplement")
by  and  among  Navistar  Financial  Corporation,  ("NFC"),  Navistar  Financial
Securities  Corporation  ("NFSC")  and The Bank of New  York,  as  trustee  (the
"Master Trust Trustee") to the Pooling and Serving Agreement dated as of June 8,
1995 (as amended and supplemented,  the "Agreement") by and among NFC, NFSC, the
Master Trust Trustee and The Chase  Manhattan  Bank, as 1990 Trust Trustee,  the
Master  Trust  Trustee is required  to prepare  certain  information  each month
regarding  current  distributions  to certain  accounts  and  payments to Series
1995-1  Certificateholders as well as the performance of the Master Trust during
the previous month. An annual aggregation of such monthly reports for the period
November 1, 2000  through  October 31, 2001 with  respect to  distributions  and
performance of the Master Trust is set forth below.  Certain of the  information
is presented on the basis of an original principal amount of $1,000 per Investor
Certificate.  Certain  other  information  is presented  based on the  aggregate
amounts  for the  Master  Trust  as a  whole.  Capitalized  terms  used  but not
otherwise  defined herein shall have the meanings  assigned to such terms in the
Agreement and the Supplement.

1.    NFC is Servicer under the Agreement.

2.    The undersigned is a Servicing Officer

3.    Master Trust Information for the period of November 1, 2000 through
      October 31, 2001:

3.1   The amount of the Advance, if any, for the Due Period                         $336,133.03


3.2   The amount of NITC Finance Charges for the Due Period                      $36,313,438.41


3.3   The average daily balance of Dealer Notes outstanding during the          $913,921,785.18
      Due Period

3.4   The total amount of Advance Reimbursements for the Due Period                       $0.00

<PAGE>
                                                                                  Exhibit 13(a)
                                                                                    Page 2 of 7

3.5   The aggregate principal amount of Dealer Notes repaid during the
      Due Period.                                                             $3,049,786,647.87

3.6   The aggregate principal amount of Dealer Notes purchased by the
      Master Trust during the Due Period.                                     $2,789,439,584.97

3.7   The amount of the Servicing Fee for the Due Period.                         $9,075,473.25

3.8   The average daily Master Trust Seller's Interest during the Due
      Period.                                                                   $149,903,622.83

3.9   The Master Trust Seller's Interest as of the Distribution Date
      (after giving effect to the transactions set forth in Article IV of
      the Supplement).                                                          $140,486,470.31

3.10  The aggregate amount of Collections for the Due Period.                 $4,309,263,871.63


3.11  The aggregate amount of Finance Charge Collections for the Due
      Period.                                                                    $90,074,028.75

3.12  The aggregate amount of Principal Collections for the Due Period.       $4,219,189,842.88

3.13  The amount of Dealer Note Losses for the Due Period.                           $64,598.36

3.14  The aggregate amount of Dealer Notes as of the last day of the Due
      Period.                                                                   $797,348,331.27

3.15  The aggregate amount of funds on deposit in the Excess Funding
      Account as of the end of the last day of the Due Period (after
      giving effect to the transactions set forth in Article IV of the
      Supplement and Article IV of the Agreement.                               $155,548,052.69

3.16  Eligible Investments in the Excess Funding Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment.                                          N/A
<PAGE>


                                                                                  Exhibit 13(a)
                                                                                    Page 3 of 7

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment                                       N/A

3.17  The aggregate amount of Dealer Notes issued to finance OEM Vehicles, as
      of the end of the Due Period.                                               $8,893,147.77

3.18  The Dealers with the five largest aggregate outstanding principal
      amounts of Dealer Notes in the Master Trust as of the end of the Due
      Period.
      i)       Southwest Intl. Trks Inc
      ii)      Prarie Intl. Trks
      iii)     Idealease of Atlanta
      iv)      Wolfington Body Co Inc
      v)       Lee-Smith Inc

3.19  Aggregate amount of delinquent principal payments (past due greater than
      30 days) as a percentage of the total principal amount outstanding, as
      of the end of the Due Period.                                                       0.87%

Series 1995-1 Information for the period of November 1, 2000 through October 31,
2001


4.1   The Deficiency Amount as of the Transfer Date (after giving effect to
      the transactions set forth in Article IV of the Supplement).                        $0.00

4.2a  The Maximum Subordinated Amount as of the Transfer Date (after giving
      effect to the transactions set forth in Article IV of the Supplement).     $31,000,000.00

4.2b  The Available Subordinated Amount as of the Transfer Date (after giving
      effect to the transactions set forth in Article IV of the Supplement).     $31,000,000.00

4.3   The Projected Spread for the following Distribution Period.                 $2,500,000.00

4.4   The amount on deposit in the Spread Account as of the Transfer Date
      (after giving effect to the transactions set forth in Article IV of the
      Supplement).                                                                $2,500,000.00
<PAGE>


                                                                                  Exhibit 13(a)
                                                                                    Page 4 of 7

4.5   The aggregate amount on deposit in the Liquidity Reserve Account as of
      the Transfer Date (after giving effect to the transactions set forth in
      Article IV of the Supplement.                                                       $0.00

4.6   The aggregate amount on deposit in the Negative Carry Reserve Fund as of
      the Transfer Date (after giving effect to the transactions set forth in
      Article IV of the Supplement).                                                      $0.00


4.7   The Invested Amount as of the Distribution Date (after giving effect to
      the transactions set forth in Article IV of the Supplement and to the
      payments made on the Distribution Date).                                  $200,000,000.00

4.8   The amount of Series Allocable Dealer Notes Losses for the Due Period.         $14,980.36

4.9   The amount of Series Allocable Finance Charge Collections for the Due
      Period.                                                                    $21,467,518.79

4.10  The amount of Series Allocable Principal Collections for the Due
      Period.                                                                 $1,022,202,970.55

4.11  The amount of Series Principal Account Losses for the Due Period.                   $0.00

4.12  The amount of Investor Dealer Note Losses for the Due Period.                  $12,393.25

4.13  The amount of Investor Finance Charge Collections for the Due Period.      $17,781,816.36

4.14  The amount of Investor Principal Collections for the Due Period.          $847,065,602.26

4.15  The amount of Available Certificateholder's Interest Collections for the
      Due Period.                                                                $18,793,699.99

4.16  The amount of Series 1995-1 Shared Principal Collections for the Due
      Period.                                                                   $847,065,602.26

4.17  The aggregate amount of the Series 1995-1 Principal Shortfall, if any,
      for the Due Period.                                                                 $0.00

4.18  The Seller's Percentage for the Due Period.                                        17.15%

<PAGE>

                                                                                  Exhibit 13(a)
                                                                                    Page 5 of 7

4.19  The Excess Seller's Percentage for the Due Period.                                  2.62%

4.20  The aggregate amount of Seller's Principal Collections for the Due
      Period.                                                                   $175,149,761.55

4.21  The amount of Available Seller's Finance Charge Collections for the Due
      Period.                                                                     $3,768,474.33

4.22  The aggregate amount of Available Seller's Principal Collections for the
      Due Period.                                                               $148,375,033.37

4.23  The aggregate amount of Excess Seller's Principal Collections for the
      Due Period.                                                                $26,774,728.18

4.24  The Controlled Amortization Amount, if applicable, for the Due Period.              $0.00

4.25  The Minimum Series 1995-1 Master Trust Seller's Interest as of the
      Distribution Date (after giving effect to the transactions set forth in
      Article IV of the Supplement).                                             $40,605,224.22

4.26  The Series 1995-1 Allocation Percentage for the Due Period.                        24.08%

4.27  The Floating Allocation Percentage for the Due Period.                             82.85%

4.28  The Principal Allocation Percentage, if applicable, for the Due Period.               N/A

4.29  The total amount to be distributed on the Series 1995-1 Certificates on
      the Distribution Date.                                                     $11,545,937.04

4.30  The total amount, if any, to be distributed on the Series 1995-1
      Certificates on the Distribution Date allocable to the Invested Amount.             $0.00

4.31  The total amount, if any, to be distributed on the Series 1995-1
      Certificates on the Distribution Date allocable to interest on the
      Series 1995-1 Certificates.                                                 $9,731,501.74

4.32  The Draw Amount as of the Transfer Date.                                            $0.00

4.33  The amount of Investor Charge-Offs as of the Transfer Date.                         $0.00


<PAGE>

                                                                                  Exhibit 13(a)
                                                                                    Page 6 of 7

4.34  The amount of reimbursement of Investor Charge-Offs as of the Transfer
      Date.                                                                               $0.00

4.35  The amount of the Investor Servicing Fee to be paid on such Distribution
      Date.                                                                       $1,802,042.05

4.36  The aggregate amount of funds on deposit in the Negative Carry Reserve
      Account as of the end of the last day of the Due Period (after giving
      effect to the payments and adjustments made pursuant to Article IV of
      the Supplement and of the Agreement).                                               $0.00

4.37  The aggregate amount of funds on deposit in the Series Principal Account
      as of the end of the last day of the Due Period (after giving effect to
      the payments and adjustments made pursuant to Article IV of the
      Supplement and of the Agreement).                                                   $0.00

4.38  The aggregate amount of funds on deposit in the Spread Account as of the
      end of the last day of the Due Period (after giving effect to payments
      and adjustments made pursuant to Article IV of the Supplement and the
      Agreement).                                                                 $2,500,000.00

4.39  Eligible Investments in the Series Principal Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment.                                      N/A

4.40  Eligible Investments in the Liquidity Reserve Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A
<PAGE>


                                                                                  Exhibit 13(a)
                                                                                    Page 7 of 7

      d.  The rating of each such Eligible Investment.                                      N/A

4.41  The amount of Excess Interest Collections for the Due Period.               $7,247,762.93

4.42  The amount of Investor Principal Collections treated as Shared Principal
      Collections for the Due Period.                                           $847,065,602.26

4.43  The amount of Excess Interest Collections for the Due Period allocated
      to other Series.                                                                    $0.00

4.44  The amount of Investor Principal Collections treated as Shared Principal
      Collections for the Due Period allocated to Other Series.                           $0.00

4.45  The percentages and all other information calculated pursuant to
      Sections 6.01 and 7.01 of the Supplement.                                             N/A

4.46  The amount of Remaining Available Seller's Principal Collections for the
      Due Period.                                                                         $0.00

4.47  The amount of Series 1995-1 Shared Seller's Principal Collections for
      the Due Period.                                                           $175,149,761.55

4.48  The aggregate amount of Shared Seller's Principal Collections from Other
      Series for the Due Period.                                                          $0.00

4.49  The amount of all Shared Seller's Principal Collections allocated to
      Series 1995-1 for the Due Period.                                                   $0.00

4.50  The aggregate amount of all Shared Seller's Principal Collections
      allocated to Other Series for the Due Period.                                       $0.00

4.51  The aggregate amount of all Early Distribution Amounts paid or deemed
      paid for the Distribution Period.                                                   $0.00

<PAGE>

                                                                                  Exhibit 13(b)
                                                                                    Page 1 of 7

                   ANNUAL SERVICER AND SETTLEMENT CERTIFICATE

                            DEALER NOTE MASTER TRUST


                              CLASS A, DEALER NOTE
                            ASSET BACKED CERTIFICATES
                                  SERIES 1997-1


Under  the  Series  1997-1   Supplement   dated  as  of  August  19,  1997  (the
"Supplement") by and among Navistar  Financial  Corporation,  ("NFC"),  Navistar
Financial  Securities  Corporation ("NFSC") and The Bank of New York, as trustee
(the "Master Trust Trustee") to the Pooling and Servicing  Agreement dated as of
June 8, 1995 (as amended and  supplemented,  the  "Agreement") by and among NFC,
NFSC,  the Master  Trust  Trustee and The Chase  Manhattan  Bank,  as 1990 Trust
Trustee,  the Master Trust  Trustee is required to prepare  certain  information
each month regarding  current  distributions to certain accounts and payments to
Series 1997-1  Certificateholders as well as the performance of the Master Trust
during the previous month. An annual aggregation of such monthly reports for the
period November 1, 2000 through  October 31, 2001 with respect to  distributions
and  performance of the Trust is set forth below.  Certain of the information is
presented  on the basis of an original  principal  amount of $1,000 per Investor
Certificate.  Certain  other  information  is presented  based on the  aggregate
amounts  for the  Master  Trust  as a  whole.  Capitalized  terms  used  but not
otherwise  defined herein shall have the meanings  assigned to such terms in the
Agreement and the Supplement.

1.    NFC is Servicer under the Agreement.

2.    The undersigned is a Servicing Officer

3.    Master Trust Information for the period of November 1, 2000 through October 31, 2001:

3.1   The amount of the Advance, if any, for the Due Period                         $336,133.03

3.2   The amount of NITC Finance Charges for the Due Period                      $36,313,438.41

3.3   The average daily balance of Dealer Notes outstanding during the
      Due Period                                                                $913,921,785.18

3.4   The total amount of Advance Reimbursements for the Due Period                       $0.00
<PAGE>
                                                                                  Exhibit 13(b)
                                                                                    Page 2 of 7

3.5   The aggregate principal amount of Dealer Notes repaid during the
      Due Period.                                                             $3,049,796,647.87

3.6   The aggregate principal amount of Dealer Notes purchased by the
      Master Trust during the Due Period.                                     $2,789,439,584.98

3.7   The amount of the Servicing Fee for the Due Period.                         $9,075,473.25

3.8   The average daily Master Trust Seller's Interest during the Due
      Period.                                                                   $149,903,622.83

3.9   The Master Trust Seller's Interest as of the Distribution Date
      (after giving effect to the transactions set forth in Article IV
      of the Supplement).                                                       $140,486,470.31

3.10  The aggregate amount of Collections for the Due Period.                 $4,309,263,871.63

3.11  The aggregate amount of Finance Charge Collections for the Due
      Period.                                                                    $90,074,028.75

3.12  The aggregate amount of Principal Collections for the Due Period.       $4,219,189,842.88

3.13  The amount of Dealer Note Losses for the Due Period.                           $64,598.36

3.14  The aggregate amount of Dealer Notes as of the last day of the Due
      Period.                                                                   $797,348,331.27

3.15  The aggregate amount of funds on deposit in the Excess Funding
      Account as of the end of the last day of the Due Period (after
      giving effect to the transactions set forth in Article IV of the
      Supplement and Article IV of the Agreement.                               $155,548,052.69

3.16  Eligible Investments in the Excess Funding Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment.                                          N/A
<PAGE>

                                                                                  Exhibit 13(b)
                                                                                    Page 3 of 7

      c.  The rate of interest applicable to each such Eligible
             Investment.                                                                    N/A

      d.  The rating of each such Eligible Investment                                       N/A


3.17  The aggregate amount of Dealer Notes issued to finance OEM
      Vehicles, as of the end of the Due Period.                                  $8,893,147.77


3.18  The Dealers with the five largest aggregate outstanding principal
      amounts of Dealer Notes in the Master Trust as of the end of the
      Due Period.
      i)       Southwest Intl. Trks Inc
      ii)      Prarie Intl Trks
      iii)     Idealease of Atlanta
      v)       Wolfington Body Co Inc
      v)       Lee-Smith Inc

3.19  Aggregate amount of delinquent principal payments (past due
      greater than 30 days) as a percentage of the total principal
      amount outstanding, as of the end of the Due Period.                                0.87%


4.0   Series 1997-1 Information for the period of November 1, 2000 through October
      31, 2001

4.1   The Deficiency Amount as of the Transfer Date (after giving effect
      to the transactions set forth in Article IV of the Supplement).                     $0.00

4.2a  The Maximum Subordinated Amount as of the Transfer Date (after
      giving effect to the transactions set forth in Article IV of the
      Supplement).                                                               $31,000,000.00

4.2b  The Available Subordinated Amount as of the Transfer Date (after
      giving effect to the transactions set forth in Article IV of the
      Supplement)                                                                $31,000,000.00

4.3   The Projected Spread for the following Distribution Period.                 $2,500,000.00

4.4   The amount on deposit in the Spread Account as of the Transfer
      Date (after giving effect to the transactions set forth in Article
      IV of the Supplement).                                                      $2,500,000.00
<PAGE>

                                                                                  Exhibit 13(b)
                                                                                    Page 4 of 7

4.5   The aggregate amount on deposit in the Liquidity Reserve Account
      as of the Transfer Date (after giving effect to the transactions
      set forth in Article IV of the Supplement.                                          $0.00

4.6   The Invested Amount as of the Distribution Date (after giving
      effect to the transactions set forth in Article IV of the
      Supplement and to the payments made on the Distribution Date).            $200,000,000.00

4.7   The amount of Series Allocable Dealer Notes Losses for the Due
      Period.                                                                        $14,702.59

4.8   The amount of Series Allocable Finance Charge Collections for the
      Due Period.                                                                $21,089,344.17

4.9   The amount of Series Allocable Principal Collections for the Due
      Period.                                                                 $1,004,658,059.44

4.10  The amount of Series Principal Account Losses for the Due Period.                   $0.00

4.11  The amount of Investor Dealer Note Losses for the Due Period.                  $12,394.28

4.12  The amount of Investor Finance Charge Collections for the Due
      Period.                                                                    $17,781,627.26

4.13  The amount of Investor Principal Collections for the Due Period.          $847,051,591.97


4.14  The amount of Available Certificateholder's Interest Collections
      for the Due Period.                                                        $18,793,529.80

4.15  The amount of Series 1997-1 Shared Principal Collections for the
      Due Period.                                                               $847,051,591.97

4.16  The aggregate amount of the Series 1997-1 Principal Shortfall, if
      any, for the Due Period.                                                            $0.00

4.17  The Seller's Percentage for the Due Period.                                        15.69%

4.18  The Excess Seller's Percentage for the Due Period.                                  2.62%

4.19  The aggregate amount of Seller's Principal Collections for the Due
      Period.                                                                   $157,608,861.75
<PAGE>

                                                                                  Exhibit 13(b)
                                                                                    Page 5 of 7

4.20  The amount of Available Seller's Finance Charge Collections for
      the Due Period.                                                             $3,388,801.69

4.21  The aggregate amount of Available Seller's Principal Collections
      for the Due Period.                                                       $131,287,214.06

4.22  The aggregate amount of Excess Seller's Principal Collections for
      the Due Period                                                             $26,331,647.68

4.23  The Controlled Amortization Amount, if applicable, for the Due
      Period.                                                                             $0.00

4.24  The Minimum Series 1997-1 Master Trust Seller's Interest as of the
      Distribution Date (after giving effect to the transactions set
      forth in Article IV of the Supplement).                                    $37,000,000.00

4.25  The Series 1997-1 Allocation Percentage for the Due Period.                        23.66%

4.26  The Floating Allocation Percentage for the Due Period.                             84.31%

4.27  The Principal Allocation Percentage, if applicable, for the Due
      Period.                                                                               N/A

4.28  The total amount, if any, to be distributed on the Series 1997-1
      Certificates on the Distribution Date.                                     $11,242,584.55

4.29  The total amount, if any, to be distributed on the Series 1997-1
      Certificates on the Distribution Date allocable to the Invested
      Amount.                                                                             $0.00

4.30  The total amount, if any, to be distributed on the Series 1997-1
      Certificates on the Distribution Date allocable to interest on the
      Series 1997-1 Certificates.                                                 $9,428,168.40

4.31  The Draw Amount as of the Transfer Date.                                            $0.00

4.32  The amount of Investor Charge-Offs as of the Transfer Date.                         $0.00

4.33  The amount of reimbursement of Investor Charge-Offs as of the
      Transfer Date.                                                                      $0.00
<PAGE>

                                                                                  Exhibit 13(b)
                                                                                    Page 6 of 7

4.34  The amount of the Investor Servicing Fee to be paid on such
      Distribution Date.                                                          $1,802,021.87

4.35  The aggregate amount of funds on deposit in the Series Principal
      Account as of the end of the last day of the Due Period (after
      giving effect to the payments and adjustments made pursuant to
      Article IV of the Supplement and of the Agreement).                                 $0.00

4.36  The aggregate amount of funds on deposit in the Spread Account as
      of the end of the last day of the Due Period (after giving effect
      to payments and adjustments made pursuant to Article IV of the
      Supplement and the Agreement).                                              $2,500,000.00

4.37  Eligible Investments in the Series Principal Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible
          Investment.                                                                       N/A

      d.  The rating of each such Eligible Investment.                                      N/A

4.38  Eligible Investments in the Liquidity Reserve Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible
          Investment.                                                                       N/A

      d.  The rating of each such Eligible Investment.                                      N/A

4.39  The amount of Excess Interest Collections for the Due Period.               $7,550,945.29
<PAGE>


                                                                                  Exhibit 13(b)
                                                                                    Page 7 of 7

4.40  The amount of Investor Principal Collections treated as Shared
      Principal Collections for the Due Period.                                 $847,051,591.97

4.41  The amount of Excess Interest Collections for the Due Period
      Allocated to other Series.                                                          $0.00

4.42  The amount of Investor Principal Collections treated as Shared
      Principal Collections for the Due Period allocated to Other Series.                 $0.00

4.43  The percentages and all other information calculated pursuant to
      Sections 6.01 of the Supplement.                                                      N/A

4.44  The amount of Remaining Available Seller's Principal Collections
      for the Due Period.                                                                 $0.00

4.45  The amount of Series 1997-1 Shared Seller's Principal Collections
      for the Due Period.                                                       $157,618,861.75

4.46  The aggregate amount of Shared Seller's Principal Collections from
      Other Series for the Due Period.                                                    $0.00

4.47  The amount of all Shared Seller's Principal Collections allocated
      to Series 1997-1 for the Due Period.                                                $0.00

4.48  The aggregate amount of all Shared Seller's Principal Collections
      allocated to Other Series for the Due Period.                                       $0.00

4.49  The aggregate amount of all Early Distribution Amounts paid or
      deemed paid for the Distribution Period.                                            $0.00
<PAGE>

                                                                                  Exhibit 13(c)
                                                                                    Page 1 of 7

                   ANNUAL SERVICER AND SETTLEMENT CERTIFICATE

                            DEALER NOTE MASTER TRUST


                              CLASS A, DEALER NOTE
                            ASSET BACKED CERTIFICATES
                                  SERIES 1998-1


Under the Series 1998-1 Supplement dated as of July 17, 1998 (the  "Supplement")
by  and  among  Navistar  Financial  Corporation,  ("NFC"),  Navistar  Financial
Securities  Corporation  ("NFSC")  and The Bank of New  York,  as  trustee  (the
"Master Trust Trustee") to the Pooling and Servicing  Agreement dated as of June
8, 1995 (as amended and  supplemented,  the "Agreement") by and among NFC, NFSC,
the Master Trust Trustee and The Chase  Manhattan  Bank, as 1990 Trust  Trustee,
the Master Trust Trustee is required to prepare certain  information  each month
regarding  current  distributions  to certain  accounts  and  payments to Series
1998-1  Certificateholders as well as the performance of the Master Trust during
the previous month. An annual aggregation of such monthly reports for the period
November 1, 2000  through  October 31, 2001 with  respect to  distributions  and
performance  of the Trust is set forth  below.  Certain  of the  information  is
presented  on the basis of an original  principal  amount of $1,000 per Investor
Certificate.  Certain  other  information  is presented  based on the  aggregate
amounts  for the  Master  Trust  as a  whole.  Capitalized  terms  used  but not
otherwise  defined herein shall have the meanings  assigned to such terms in the
Agreement and the Supplement.
1.    NFC is Servicer under the Agreement.

2.    The undersigned is a Servicing Officer

3.    Master Trust Information for the period of November 1,2000 through
      October 31, 2001:

3.1   The amount of the Advance, if any, for the Due Period                         $336,133.03

3.2   The amount of NITC Finance Charges for the Due Period                      $36,313,438.41

3.3   The average daily balance of Dealer Notes outstanding during the Due
      Period                                                                    $913,921,785.18

3.4   The total amount of Advance Reimbursements for the Due Period                       $0.00
<PAGE>

                                                                                  Exhibit 13(c)
                                                                                    Page 2 of 7

3.5   The aggregate principal amount of Dealer Notes repaid during the Due
      Period.                                                                 $3,049,786,647.87

3.6   The aggregate principal amount of Dealer Notes purchased by the
      Master Trust during the Due Period.                                     $2,789,439,584.97

3.7   The amount of the Servicing Fee for the Due Period.                         $9,075,473.25

3.8   The average daily Master Trust Seller's Interest during the Due
      Period.                                                                   $149,903,645.33

3.9   The Master Trust Seller's Interest as of the Distribution Date
      (after giving effect to the transactions set forth in Article IV of
      the Supplement).                                                          $140,486,470.31

3.10  The aggregate amount of Collections for the Due Period.                 $4,309,263,898.63

3.11  The aggregate amount of Finance Charge Collections for the Due
      Period.                                                                    $90,074,028.75

3.12  The aggregate amount of Principal Collections for the Due Period.       $4,219,189,842.88

3.13  The amount of Dealer Note Losses for the Due Period.                           $64,598.36


3.14  The aggregate amount of Dealer Notes as of the last day of the Due
      Period.                                                                   $797,348,331.27

3.15  The aggregate amount of funds on deposit in the Excess Funding
      Account as of the end of the last day of the Due Period (after
      giving effect to the transactions set forth in Article IV of the
      Supplement and Article IV of the Agreement.                               $155,548,052.69

3.16  Eligible Investments in the Excess Funding Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment.                                          N/A
<PAGE>
                                                                                  Exhibit 13(c)
                                                                                    Page 3 of 7

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment                                       N/A


3.17  The aggregate amount of Dealer Notes issued to finance OEM Vehicles,
      as of the end of the Due Period.                                            $8,893,147.77

3.18  The Dealers with the five largest aggregate outstanding principal
      amounts of Dealer Notes in the Master Trust as of the end of the Due
      Period.
      i)       Southwest Intl. Trks Inc
      ii)      Prarie Intl Trks
      iii)     Idealease of Atlanta
      vi)      Wolfington Body Co Inc
      v)       Lee-Smith Inc

3.19  Aggregate amount of delinquent principal payments (past due greater
      than 30 days) as a percentage of the total principal amount
      outstanding, as of the end of the Due Period.                                       0.87%


4.    Series 1998-1 Information for the period of November 1, 2000 through October
      31, 2001

4.1   The Deficiency Amount as of the Transfer Date (after giving effect
      to the transactions set forth in Article IV of the Supplement).                     $0.00

4.2a  The Maximum Subordinated Amount as of the Transfer Date (after
      giving effect to the transactions set forth in Article IV of the
      Supplement).                                                               $31,000,000.00

4.2b  The Available Subordinated Amount as of the Transfer Date (after
      giving effect to the transactions set forth in Article IV of the
      Supplement)                                                                $31,000,000.00

4.3   The Projected Spread for the following Distribution Period.                 $2,500,000.00


4.4   The amount on deposit in the Spread Account as of the Transfer Date
      (after giving effect to the transactions set forth in Article IV of
      the Supplement).                                                            $2,500,000.00
<PAGE>


                                                                                  Exhibit 13(c)
                                                                                    Page 4 of 7

4.5   The aggregate amount on deposit in the Liquidity Reserve Account as
      of the Transfer Date (after giving effect to the transactions set
      forth in Article IV of the Supplement.                                              $0.00

4.6   The Invested Amount as of the Distribution Date (after giving effect
      to the transactions set forth in Article IV of the Supplement and to
      the payments made on the Distribution Date).                              $200,000,000.00

4.7   The amount of Series Allocable Dealer Notes Losses for the Due
      Period.                                                                        $14,702.59

4.8   The amount of Series Allocable Finance Charge Collections for the
      Due Period.                                                                $21,089,344.17

4.9   The amount of Series Allocable Principal Collections for the Due
      Period.                                                                 $1,004,658,059.44

4.10  The amount of Series Principal Account Losses for the Due Period.                   $0.00

4.11  The amount of Investor Dealer Note Losses for the Due Period.                  $12,394.28

4.12  The amount of Investor Finance Charge Collections for the Due Period.      $17,781,627.26

4.13  The amount of Investor Principal Collections for the Due Period.          $847,051,591.97

4.14  The amount of Available Certificateholder's Interest Collections for
      the Due Period.                                                            $18,793,529.80

4.15  The amount of Series 1998-1 Shared Principal Collections for the Due
      Period.                                                                   $847,051,591.97

4.16  The aggregate amount of the Series 1998-1 Principal Shortfall, if
      any, for the Due Period.                                                            $0.00

4.17  The Seller's Percentage for the Due Period.                                        15.69%

4.18  The Excess Seller's Percentage for the Due Period.                                  2.62%

4.19  The aggregate amount of Seller's Principal Collections for the Due
      Period.                                                                   $157,618,861.75
<PAGE>

                                                                                  Exhibit 13(c)
                                                                                    Page 5 of 7

4.20  The amount of Available Seller's Finance Charge Collections for
      the Due Period.                                                             $3,388,801.69

4.21  The aggregate amount of Available Seller's Principal Collections
      for the Due Period.                                                       $131,287,214.06

4.22  The aggregate amount of Excess Seller's Principal Collections for
      the Due Period                                                             $26,331,647.69

4.23  The Controlled Amortization Amount, if applicable, for the Due Period.              $0.00

4.24  The Minimum Series 1998-1 Master Trust Seller's Interest as of
      the Distribution Date (after giving effect to the transactions
      set forth in Article IV of the Supplement).                                $37,000,000.00

4.25  The Series 1998-1 Allocation Percentage for the Due Period.                        23.66%


4.26  The Floating Allocation Percentage for the Due Period.                             84.31%


4.27  The Principal Allocation Percentage, if applicable, for the Due
      Period.                                                                               N/A

4.28  The total amount, if any, to be distributed on the Series 1998-1
      Certificates on the Distribution Date.                                     $11,262,806.78

4.29  The total amount, if any, to be distributed on the Series 1998-1
      Certificates on the Distribution Date allocable to the Invested
      Amount.                                                                             $0.00

4.30  The total amount, if any, to be distributed on the Series 1998-1
      Certificates on the Distribution Date allocable to interest on
      the Series 1998-1 Certificates.                                             $9,448,390.63

4.31  The Draw Amount as of the Transfer Date.                                            $0.00

4.32  The amount of Investor Charge-Offs as of the Transfer Date.                         $0.00


4.33  The amount of reimbursement of Investor Charge-Offs as of the
      Transfer Date.                                                                      $0.00
<PAGE>

                                                                                  Exhibit 13(c)
                                                                                    Page 6 of 7

4.34  The amount of the Investor Servicing Fee to be paid on such
      Distribution Date.                                                          $1,802,021.87

4.35  The aggregate amount of funds on deposit in the Series Principal
      Account as of the end of the last day of the Due Period (after
      giving effect to the payments and adjustments made pursuant to
      Article IV of the Supplement and of the Agreement).                                 $0.00

4.36  The aggregate amount of funds on deposit in the Spread Account as
      of the end of the last day of the Due Period (after giving effect
      to payments and adjustments made pursuant to Article IV of the
      Supplement and the Agreement).                                              $2,500,000.00

4.37  Eligible Investments in the Series Principal Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment.                                      N/A

4.38  Eligible Investments in the Liquidity Reserve Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment.                                      N/A

4.39  The amount of Excess Interest Collections for the Due Period.               $7,530,723.06
<PAGE>
                                                                                  Exhibit 13(c)
                                                                                    Page 7 of 7

4.40  The amount of Investor Principal Collections treated as Shared
      Principal Collections for the Due Period.                                 $847,051,591.97

4.41  The amount of Excess Interest Collections for the Due Period
      Allocated to other Series.                                                          $0.00

4.42  The amount of Investor Principal Collections treated as Shared
      Principal Collections for the Due Period allocated to Other Series.                 $0.00

4.43  The percentages and all other information calculated pursuant to
      Sections 6.01 of the Supplement.                                                      N/A

4.44  The amount of Remaining Available Seller's Principal Collections
      for the Due Period.                                                                 $0.00

4.45  The amount of Series 1998-1 Shared Seller's Principal Collections
      for the Due Period.                                                       $157,618,861.75

4.46  The aggregate amount of Shared Seller's Principal Collections
      from Other Series for the Due Period.                                               $0.00

4.47  The amount of all Shared Seller's Principal Collections allocated
      to Series 1998-1 for the Due Period.                                                $0.00

4.48  The aggregate amount of all Shared Seller's Principal Collections
      allocated to Other Series for the Due Period.                                       $0.00

4.49  The aggregate amount of all Early Distribution Amounts paid or
      deemed paid for the Distribution Period.                                            $0.00
<PAGE>
                                                                                  Exhibit 13(d)
                                                                                    Page 1 of 7

                   ANNUAL SERVICER AND SETTLEMENT CERTIFICATE

                            DEALER NOTE MASTER TRUST


                         CLASS A and CLASS B DEALER NOTE
                            ASSET BACKED CERTIFICATES
                                  SERIES 2000-1


Under the Series 2000-1 Supplement dated as of July 13, 2000 (the  "Supplement")
by  and  among  Navistar  Financial  Corporation,  ("NFC"),  Navistar  Financial
Securities  Corporation  ("NFSC")  and The Bank of New  York,  as  trustee  (the
"Master Trust Trustee") to the Pooling and Servicing  Agreement dated as of June
8, 1995 (as amended and  supplemented,  the "Agreement") by and among NFC, NFSC,
the Master Trust Trustee and The Chase  Manhattan  Bank, as 1990 Trust  Trustee,
the Master Trust Trustee is required to prepare certain  information  each month
regarding  current  distributions  to certain  accounts  and  payments to Series
2000-1  Certificateholders as well as the performance of the Master Trust during
the previous month. An annual aggregation of such monthly reports for the period
November 1, 2000  through  October 31, 2001 with  respect to  distributions  and
performance  of the Trust is set forth  below.  Certain  of the  information  is
presented  on the basis of an original  principal  amount of $1,000 per Investor
Certificate.  Certain  other  information  is presented  based on the  aggregate
amounts  for the  Master  Trust  as a  whole.  Capitalized  terms  used  but not
otherwise  defined herein shall have the meanings  assigned to such terms in the
Agreement and the Supplement.

1.    NFC is Servicer under the Agreement.

2.    The undersigned is a Servicing Officer

3.    Master Trust Information for the period of November 1, 2000 through October 31, 2001:

3.1   The amount of the Advance, if any, for the Due Period                         $336,133.03

3.2   The amount of NITC Finance Charges for the Due Period                      $36,313,438.41

3.3   The average daily balance of Dealer Notes outstanding during the Due
      Period                                                                    $913,921,785.18

3.4   The total amount of Advance Reimbursements for the Due Period                       $0.00
<PAGE>

                                                                                  Exhibit 13(d)
                                                                                    Page 2 of 7

3.5   The aggregate principal amount of Dealer Notes repaid during the Due
      Period.                                                                 $3,049,786,647.87

3.6   The aggregate principal amount of Dealer Notes purchased by the
      Master Trust during the Due Period.                                     $2,789,439,584.97

3.7   The amount of the Servicing Fee for the Due Period.                         $9,075,473.25

3.8   The average daily Master Trust Seller's Interest during the Due
      Period.                                                                   $149,903,622.83

3.9   The Master Trust Seller's Interest as of the Distribution Date
      (after giving effect to the transactions set forth in Article IV of
      the Supplement).                                                          $140,486,470.31

3.10  The aggregate amount of Collections for the Due Period.                 $4,309,263,871.63

3.11  The aggregate amount of Finance Charge Collections for the Due
      Period.                                                                    $90,074,028.75

3.12  The aggregate amount of Principal Collections for the Due Period.       $4,219,189,842.88

3.13  The amount of Dealer Note Losses for the Due Period.                           $64,598.36

3.14  The aggregate amount of Dealer Notes as of the last day of the Due
      Period.                                                                   $797,348,331.27

3.15  The aggregate amount of funds on deposit in the Excess Funding
      Account as of the end of the last day of the Due Period (after
      giving effect to the transactions set forth in Article IV of the
      Supplement and Article IV of the Agreement.                               $155,548,052.69

3.16  Eligible Investments in the Excess Funding Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment.                                          N/A
<PAGE>

                                                                                  Exhibit 13(d)
                                                                                    Page 3 of 7
      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment                                       N/A

3.17  The aggregate amount of Dealer Notes issued to finance OEM Vehicles,
      as of the end of the Due Period.                                            $8,893,147.77


3.18  The Dealers with the five largest aggregate outstanding principal
      amounts of Dealer Notes in the Master Trust as of the end of the Due
      Period.
      i)       Southwest Intl. Trks Inc
      ii)      Prarie Intl Trks
      iii)     Idealease of Atlanta
      vii)     Wolfington Body Co Inc
      v)       Lee-Smith Inc

3.19  Aggregate amount of delinquent principal payments (past due greater
      than 30 days) as a percentage of the total principal amount
      outstanding, as of the end of the Due Period.                                       0.87%

4.    Series 2000-1 Information for the period of November 1, 2000 through October
      31, 2001

4.1   The Deficiency Amount as of the Transfer Date (after giving effect
      to the transactions set forth in Article IV of the Supplement).                     $0.00

4.2a  The Maximum Subordinated Amount as of the Transfer Date (after
      giving effect to the transactions set forth in Article IV of the
      Supplement).                                                               $19,080,000.00

4.2b  The Available Subordinated Amount as of the Transfer Date (after
      giving effect to the transactions set forth in Article IV of the
      Supplement)                                                                $19,080,000.00

4.3   The Projected Spread for the following Distribution Period.                 $2,650,000.00

4.4   The amount on deposit in the Spread Account as of the Transfer Date
      (after giving effect to the transactions set forth in Article IV of
      the Supplement).                                                            $2,650,000.00
<PAGE>

                                                                                  Exhibit 13(d)
                                                                                    Page 4 of 7

4.5   The aggregate amount on deposit in the Liquidity Reserve Account as
      of the Transfer Date (after giving effect to the transactions set
      forth in Article IV of the Supplement.                                              $0.00

4.6   The Invested Amount as of the Distribution Date (after giving effect
      to the transactions set forth in Article IV of the Supplement and to
      the payments made on the Distribution Date).                              $212,000,000.00

4.7   The amount of Series Allocable Dealer Notes Losses for the Due Period.         $14,702.59

4.8   The amount of Series Allocable Finance Charge Collections for the
      Due Period.                                                                $21,097,136.28

4.9   The amount of Series Allocable Principal Collections for the Due
      Period.                                                                 $1,005,018,699.91

4.10  The amount of Series Principal Account Losses for the Due Period.                   $0.00

4.11  The amount of Investor Dealer Note Losses for the Due Period.                  $13,136.76

4.12  The amount of Investor Finance Charge Collections for the Due Period.      $18,848,611.82

4.13  The amount of Investor Principal Collections for the Due Period.          $897,884,675.15

4.14  The amount of Available Certificateholder's Interest Collections for
      the Due Period.                                                            $19,867,152.90

4.15  The amount of Series 2000-1 Shared Principal Collections for the Due
      Period.                                                                   $897,884,675.15

4.16  The aggregate amount of the Series 2000-1 Principal Shortfall, if
      any, for the Due Period.                                                            $0.00

4.17  The Seller's Percentage for the Due Period.                                        10.67%

4.18  The Excess Seller's Percentage for the Due Period.                                  2.63%

4.19  The aggregate amount of Seller's Principal Collections for the Due
      Period.                                                                   $107,147,161.54

<PAGE>

                                                                                  Exhibit 13(d)
                                                                                    Page 5 of 7

4.20  The amount of Available Seller's Finance Charge Collections for
      the Due Period.                                                             $2,329,123.84

4.21  The aggregate amount of Available Seller's Principal Collections
      for the Due Period.                                                        $80,803,503.46

4.22  The aggregate amount of Excess Seller's Principal Collections for
      the Due Period                                                             $26,343,658.08

4.23  The Controlled Amortization Amount, if applicable, for the Due
      Period.                                                                             $0.00

4.24  The Minimum Series 2000-1 Master Trust Seller's Interest as of
      the Distribution Date (after giving effect to the transactions
      set forth in Article IV of the Supplement).                                $25,440,000.00

4.25  The Series 2000-1 Allocation Percentage for the Due Period.                        24.91%

4.26  The Floating Allocation Percentage for the Due Period.                             89.33%

4.27  The Principal Allocation Percentage, if applicable, for the Due Period.             0.00%

4.28  The total amount, if any, to be distributed on the Series 2000-1
      Certificates on the Distribution Date.                                     $12,167,907.19

4.29  The total amount, if any, to be distributed on the Series 2000-1
      Certificates on the Distribution Date allocable to the Invested
      Amount.                                                                             $0.00

4.30  The total amount, if any, to be distributed on the Series 2000-1
      Certificates on the Distribution Date allocable to interest on
      the Series 2000-1 Certificates.                                            $10,244,614.07

4.31  The Draw Amount as of the Transfer Date.                                            $0.00

4.32  The amount of Investor Charge-Offs as of the Transfer Date.                         $0.00

4.33  The amount of reimbursement of Investor Charge-Offs as of the
      Transfer Date.                                                                      $0.00

<PAGE>

                                                                                  Exhibit 13(d)
                                                                                    Page 6 of 7

4.34  The amount of the Investor Servicing Fee to be paid on such
      Distribution Date.                                                          $1,910,156.36

4.35  The aggregate amount of funds on deposit in the Series Principal
      Account as of the end of the last day of the Due Period (after
      giving effect to the payments and adjustments made pursuant to
      Article IV of the Supplement and of the Agreement).                                 $0.00

4.36  The aggregate amount of funds on deposit in the Spread Account as
      of the end of the last day of the Due Period (after giving effect
      to payments and adjustments made pursuant to Article IV of the
      Supplement and the Agreement).                                              $2,650,000.00

4.37  Eligible Investments in the Series Principal Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment.                                      N/A

4.38  Eligible Investments in the Liquidity Reserve Account:

      a.  The aggregate amount of funds invested in Eligible Investments.                 $0.00

      b.  Description of each Eligible Investment:                                          N/A

      c.  The rate of interest applicable to each such Eligible Investment.                 N/A

      d.  The rating of each such Eligible Investment.                                      N/A

4.39  The amount of Excess Interest Collections for the Due Period.               $7,699,245.69

<PAGE>
                                                                                  Exhibit 13(d)
                                                                                    Page 7 of 7

4.40  The amount of Investor Principal Collections treated as Shared Principal
      Collections for the Due Period.                                           $897,884,675.15

4.41  The amount of Excess Interest Collections for the Due Period
      Allocated to other Series.                                                          $0.00

4.42  The amount of Investor Principal Collections treated as Shared
      Principal Collections for the Due Period allocated to Other
      Series.                                                                             $0.00

4.43  The percentages and all other information calculated pursuant to
      Sections 6.01 of the Supplement.                                                      N/A

4.44  The amount of Remaining Available Seller's Principal Collections
      for the Due Period.                                                                 $0.00

4.45  The amount of Series 2000-1 Shared Seller's Principal Collections
      for the Due Period.                                                       $107,147,161.54

4.46  The aggregate amount of Shared Seller's Principal Collections
      from Other Series for the Due Period.                                               $0.00

4.47  The amount of all Shared Seller's Principal Collections allocated
      to Series 2000-1 for the Due Period.                                                $0.00

4.48  The aggregate amount of all Shared Seller's Principal Collections
      allocated to Other Series for the Due Period.                                       $0.00

4.49  The aggregate amount of all Early Distribution Amounts paid or
      deemed paid for the Distribution Period.                                            $0.00

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