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                                                                    Exhibit 10


                    NAVISTAR FINANCIAL SECURITIES CORPORATION


                               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  December  1, 1990 among
        Navistar  Financial   Corporation,   as  Servicer,   Navistar  Financial
        Securities  Corporation,   as  Seller,  and  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 Trustee.  Filed on Registration
        No. 33-36767.

10.2    Purchase  Agreement  dated  as of  December  1,  1990  between  Navistar
        Financial Corporation and Navistar Financial Securities Corporation,  as
        Purchaser,  with  respect  to the  Dealer  Note  Trust  1990.  Filed  on
        Registration No. 33-36767.

10.3    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.

10.4    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.

10.5    Class A-4 Supplement to the 1990 Pooling and Servicing  Agreement  dated
        June  8,  1995,  among  Navistar  Financial  Corporation,  as  Servicer,
        Navistar  Financial  Securities  Corporation,  as Seller,  and 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 Trustee.
        Filed on Registration No. 33-87374.

10.6    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.


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                                                                    Exhibit 10


                    NAVISTAR FINANCIAL SECURITIES CORPORATION


                               MATERIAL CONTRACTS


10.7    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.

10.8    Class A-5 Supplement to the 1990 Pooling and Servicing  Agreement  dated
        August 19, 1997,  among  Navistar  Financial  Corporation,  as Servicer,
        Navistar  Financial  Securities  Corporation,  as Seller,  and 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 Trustee.  Filed on
        Registration No. 333-30737.