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| Nevada(State or other jurisdictionof Organization) | 88-0342613(I.R.S. EmployerIdentification Number) |
|----------------------------------------------------|--------------------------------------------------|

| Large accelerated filer o | Accelerated filer o                         | Non-accelerated filer x | Smaller reporting company o |
|--------------------------------|--------------------------------------------------|------------------------------|----------------------------------|
|                           | (Do not check if smaller reporting company) |

| Title of Securities to be Registered | Amount to be Registered (1) | Proposed Maximum Aggregate Price Per Unit(2) | Proposed Maximum Aggregate Offering Price(2) | Amount of Registration Fee (3) |
|--------------------------------------|-----------------------------|----------------------------------------------|----------------------------------------------|--------------------------------|
| Asset-Backed Notes                   | $2,000,000,000              | 100%                                         | $2,000,000,000                               | $54,795.41                     |

| (1) | $768,519,000 of such amount represents additional securities being registered herewith and, pursuant to Rule 415(a)(6) under the Securities Act of 1933,  $1,231,481,000 represents securities that were previously registered, but which remain unsold, under a registration statement on Form S-3 (File number 333-145491), initially filed on August 16, 2007 with an initial effective date of August 24, 2007.  A filing fee of $37,806.47 was previously paid in connection with such unsold securities. |
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| (2) | Estimated solely for purpose of calculating the registration fee. |
|-----|-------------------------------------------------------------------|

| (3) | Such fee was paid by wire transfer on August 18, 2010.  Pursuant to Rule 415(a)(6) under the Securities Act of 1933, such fee represents only the additional amount payable with respect to $768,519,000 of additional securities being registered herewith. |
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Table of Contents

| The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Before you purchase any of these notes, be sure you understand the structure and the risks.  See especially the risk factors beginning on page 8 of this prospectus and the risk factors set forth in the related prospectus supplement. The notes will be obligations of the issuing entity only and will not be obligations of Caterpillar Inc., Caterpillar Financial Services Corporation, as servicer, sponsor or otherwise, Caterpillar Financial Funding Corporation, as depositor or otherwise, or any of their respective affiliates. This prospectus may be used to offer and sell any of the notes only if it is accompanied by the prospectus supplement for the related issuing entity. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| The issuing entities: |
|-----------------------|

| ·   | may periodically issue asset backed notes in one or more classes; and |
|--------------------|-----------------------------------------------------------------------|

| ·   | will own: |
|--------------------|-----------|

|   | -  a portfolio of receivables consisting of retail installment sale contracts and/or finance leases secured by equipment; |
|--------|---------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                      |
|   | - collections on those receivables;                                                                                       |
|   |                                                                                                                      |
|   | - security interests in the equipment securing those receivables;                                                         |
|   |                                                                                                                      |
|   | -  funds in the accounts of the issuing entity; and                                                                       |
|   |                                                                                                                      |
|   | - any credit enhancement obtained for the issuing entity.                                                                 |

|  The notes: |
|------------------|

| ·   | will represent nonrecourse obligations of an issuing entity and will be paid only from the assets of that issuing entity; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|

| ·   | may have one or more forms of credit enhancement; and |
|--------------------|-------------------------------------------------------|

| ·   | will include one or more classes of notes. |
|--------------------|--------------------------------------------|

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TABLE OF CONTENTS

| OVERVIEW OF THE INFORMATION IN THIS PROSPECTUS AND THE RELATED PROSPECTUS SUPPLEMENT | 3  |
|--------------------------------------------------------------------------------------|----|
| SUMMARY                                                                              | 4  |
| RISK FACTORS                                                                         | 8  |
| THE ISSUING ENTITIES                                                                 | 15 |
|    General                                                            | 15 |
|    The Owner Trustee                                                  | 15 |
| THE TRUST PROPERTY                                                                   | 15 |
| THE RECEIVABLES POOLS                                                                | 16 |
|    The Retail Equipment Financing Business                            | 17 |
| WEIGHTED AVERAGE LIFE OF THE NOTES                                                   | 23 |
| USE OF PROCEEDS                                                                      | 24 |
| THE DEPOSITOR, CATERPILLAR INC., THE SPONSOR AND SERVICER                            | 24 |
|    Caterpillar Financial Funding Corporation                          | 24 |
|    Caterpillar Inc.                                                   | 24 |
|    Caterpillar Financial Services Corporation                         | 25 |
|    Affiliations Among Transaction Parties                             | 27 |
| DESCRIPTION OF THE NOTES                                                             | 27 |
|    General                                                            | 27 |
|    Principal and Interest on the Notes                                | 27 |
|    The Indenture                                                      | 28 |
| CERTAIN INFORMATION REGARDING THE NOTES                                              | 33 |
|    Fixed Rate Notes                                                   | 33 |
|    Floating Rate Notes                                                | 33 |
| ISSUANCE OF THE NOTES                                                                | 34 |
|    Definitive Notes                                                   | 34 |
|    Book-Entry Registration                                            | 34 |
| DESCRIPTION OF THE TRANSFER AND SERVICING AGREEMENTS                                 | 37 |
|    Sale and Assignment of Receivables                                 | 38 |
|    Accounts                                                           | 39 |
|    Servicing Procedures                                               | 40 |
|    Payments on Receivables                                            | 41 |
|    Servicing and Administrative Compensation and Payment of Expenses  | 41 |
|    Distributions                                                      | 43 |
|    Credit and Payment Enhancement                                     | 43 |
|    Net Deposits                                                       | 46 |
|    Reports to Noteholders                                             | 46 |
|    Evidence as to Compliance                                          | 47 |
|    Certain Matters Regarding the Servicer                             | 48 |
|    Servicer Default                                                   | 49 |
|    Rights Upon Servicer Default                                       | 50 |
|    Waiver of Past Defaults                                            | 50 |
|    Amendment                                                          | 50 |
|    Payment of Notes                                                   | 51 |
|    Termination                                                        | 51 |
|    Administration Agreement                                           | 52 |
| CERTAIN LEGAL ASPECTS OF THE RECEIVABLES                                             | 52 |
|    Security Interest In Equipment                                     | 52 |
|    Repossession                                                       | 52 |
|    Notice of Sale; Redemption Rights                                  | 53 |
|    Other Legal Principles                                             | 53 |
|    Leases                                                             | 53 |
|    Bankruptcy of Obligor                                              | 54 |
| FEDERAL INCOME TAX CONSEQUENCES                                                      | 54 |
|    Tax Characterization of the Issuing Entity                         | 54 |
|    Tax Consequences to Holders of the Notes                           | 55 |
|    Federal Tax Opinion                                                | 56 |
| CERTAIN STATE TAX CONSIDERATIONS                                                     | 57 |
|    Relevant Tennessee Tax Laws                                        | 57 |
|    The Hall Tax                                                       | 58 |
|    The F&E Taxes                                                  | 58 |
|    State Tax Opinion                                                  | 58 |
| ERISA CONSIDERATIONS                                                                 | 59 |
| PLAN OF DISTRIBUTION                                                                 | 59 |
| RATINGS                                                                              | 60 |
| LEGAL OPINIONS                                                                       | 60 |
| AVAILABLE INFORMATION                                                                | 60 |
| INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                                      | 61 |
| INDEX OF TERMS                                                                       | 62 |

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OVERVIEW OF THE INFORMATION IN THIS PROSPECTUS

| ·   | the timing and amount of interest and principal payments; |
|--------------------|-----------------------------------------------------------|

| ·   | information about the receivables; |
|--------------------|------------------------------------|

| ·   | information about credit enhancement for each offered class; |
|--------------------|--------------------------------------------------------------|

| ·   | credit ratings; and |
|--------------------|---------------------|

| ·   | the method for selling the notes. |
|--------------------|-----------------------------------|

| ·   | Summary — gives an overview of the terms which the notes may have |
|--------------------|-------------------------------------------------------------------------|

| ·   | Risk Factors — describes briefly some of the risks to investors of a purchase of the notes |
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|   SUMMARY The following summary is a short description of the information contained elsewhere in this prospectus.  For that reason, this summary does not contain all of the information that may be important to you.  To fully understand the terms of the offering of the notes, you will need to read both this prospectus and the related prospectus supplement, each in its entirety. The Issuing Entities A separate issuing entity will be formed to issue each series of notes.  Each issuing entity will be a Delaware statutory trust created by a trust agreement between the depositor and the owner trustee. The Depositor Caterpillar Financial Funding Corporation, a Nevada corporation and a wholly-owned subsidiary of Caterpillar Financial Services Corporation. The Servicer and the Sponsor Caterpillar Financial Services Corporation — referred to in this prospectus as Cat Financial — a Delaware corporation and a wholly-owned subsidiary of Caterpillar Inc. The Trustees Each prospectus supplement will specify:-  the owner trustee of the applicable issuing entity; and 
-  the indenture trustee relating to the notes. 
The Notes Each issuing entity will issue one or more classes of notes.  The notes issued by each issuing entity will be governed by an indenture between the issuing entity and an indenture trustee. Some of the notes issued by each issuing entity may not be offered to the public.  Each prospectus supplement will specify the class or classes of notes that are being offered. The minimum denominations will be specified in the related prospectus supplement. Principal and Interest on the Notes For each class of notes, the prospectus supplement will state:-  the principal amount; 
-  either the rate of interest or the method of determining the rate of interest.  The rate of interest on the notes may be fixed, variable or adjustable, or any combination of the foregoing; 
-  the final scheduled distribution date; and 
-  any other payment terms. 
Optional Prepayment Subject to satisfaction of any further conditions specified in the related prospectus supplement, the servicer will have the option to purchase the receivables of each issuing entity on any distribution date following the last day of a collection period in which the note value of the receivables is 10% or less of the initial note value of the receivables, and, upon the purchase, the notes will be prepaid in full. An Issuing Entity May Issue Multiple Classes of Notes With Different Characteristics Each issuing entity may issue more than one class of notes.  In these cases, the characteristics of the notes issued by the issuing entity may differ from one to another.  Some of these characteristics are: -  the rate at which interest accrues, if at all; 
-  whether the interest rate is fixed, variable or adjustable, or any combination of the foregoing; 
-  timing and/or frequency of interest payments; 
-  amount of payments of interest and principal; 
-  priority of interest and principal relative to other classes; 
-  whether or not distributions of principal and interest will be delayed or not made at all upon the occurrence of specified events; 
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|  -  whether payments of principal and interest may or may not be made from designated portions of the pool of receivables; and 
-  allocations of losses on the receivables. 
Strip Notes May Be Issued An issuing entity might issue one or more classes of notes — referred to in this prospectus as strip notes —providing for distributions of interest which are disproportionately large or small in comparison to the principal distributions, including:-  distributions of interest with no or only a nominal distribution of principal; or 
-  distributions of principal with no or only a nominal distribution of interest. 
Physical Securities Might Not Be Issued The notes may be issued in physical form or in book-entry form, as described in the related prospectus supplement.  If a series or class of notes is available only in book-entry form, each investor's interest in the notes would be represented through entries on the books of a clearing agency rather than by a physical note held by the investor.  That issuing entity will not issue physical notes to investors unless specific events occur which make it necessary or desirable to do so. For a more detailed description of the events under which physical notes will be issued to investors owning notes in book-entry form, see the section of this prospectus entitled "Issuance of the Notes—Book-Entry Registration." The Receivables and Other Trust Property The receivables and other property supporting the notes issued by each issuing entity will consist of retail installment sale contracts and/or finance leases secured by new and/or used equipment manufactured primarily by Caterpillar Inc. or its affiliate, Mitsubishi Caterpillar Forklift America Inc., including:-  the rights to receive payments made on the receivables on or after the cut-off date specified in the related prospectus supplement; 
-  security interests in the equipment financed by the receivables and in certain other cross-collateralized equipment; 
-  various accounts and the proceeds thereof; and 
-  any proceeds from claims on various related insurance policies. 
The depositor will purchase the receivables supporting the notes issued by an issuing entity from Cat Financial and then will sell those receivables to the issuing entity on the closing date.  The related prospectus supplement will specify the aggregate principal balance of any receivables initially transferred to the issuing entity. The receivables will arise from loans and/or leases originated in connection with sales and leases of financed equipment to retail customers and will be either originated by Cat Financial or acquired from Caterpillar dealers by Cat Financial in the ordinary course of its business. The receivables sold to an issuing entity will be selected from the portfolio of installment sale contracts and finance leases owned by Cat Financial based on the criteria specified in the related purchase agreement and described in this prospectus and in the related prospectus supplement. For a more detailed description of the receivables, including the criteria they must meet, and the other property supporting the notes, see "The Receivables Pools" in this prospectus and in the related prospectus supplement. Other Property of the Issuing Entity In addition to the receivables, each issuing entity will own amounts on deposit in various trust accounts, which may include:-  an account into which collections are deposited; 
-  a reserve account or other account relating to credit enhancement; and 
-  an account into which deposits are made until applied to the notes on the dates targeted for payment of principal. 
Credit and Payment Enhancement The related prospectus supplement will specify the credit enhancement, if any, for the issuing entity or    |
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|   any class of notes. Credit or payment enhancement may consist of one or more of the following:-  subordination of one or more classes of securities; 
-  cash accounts, which may include one or more reserve accounts or yield supplement accounts; 
-  "excess spread," or interest earned on the receivables in excess of the amount required to be paid on the securities; 
-  "overcollateralization," or  collateralization greater than the principal amount of the notes; 
-  letters of credit or other credit facilities; 
-  surety bonds or insurance policies; 
-  guaranteed investment contracts; or 
-  interest rate swaps or interest rate caps. 
Limitations or exclusions from coverage could apply to any form of credit enhancement.  Any form of credit enhancement may be replaced with another form of credit enhancement described in this prospectus, provided that the rating agencies confirm in writing that such substitution will not result in a reduction or withdrawal of the rating of any class of notes. The related prospectus supplement will describe the credit enhancement and related limitations and exclusions for notes issued by the issuing entity. Reserve Account If the related prospectus supplement specifies that there will be a reserve account, the depositor or the issuing entity will initially deposit an amount, in cash or other investments, equal to the amount required to be deposited therein as specified in the related prospectus supplement. Any reserve account will be available to cover shortfalls in the payments on the notes as described in the related prospectus supplement. The related prospectus supplement may also specify:-  a minimum balance to be maintained in the reserve account and what funds are available for deposit to reinstate that balance; and 
-  when and to whom any amount will be distributed if the balance exceeds the minimum balance. 
For more information about credit enhancement, see "Description of the Transfer and Servicing Agreements—Credit and Payment Enhancement" in this prospectus. Transfer and Servicing of the Receivables The depositor will convey receivables to each issuing entity under a sale and servicing agreement and each issuing entity will assign its rights and benefits under the sale and servicing agreement to the indenture trustee as collateral for the notes.  The servicer will agree with the issuing entity to be responsible for servicing, managing and making collections on the receivables. For more information about the sale and servicing of the receivables, see "Description of the Transfer and Servicing Agreements—Sale and Assignment of Receivables" and "—Servicing Procedures" in this prospectus. Servicing Compensation Each issuing entity will pay the servicer a fee based on the outstanding balance of the receivables for providing servicing of the receivables.  The amount of the fee will be specified in the related prospectus supplement.  The servicer will also be entitled to retain as supplemental servicing compensation or as required by applicable law or otherwise:-  late fees; 
-  extension fees; and 
-  other administrative fees or similar charges in respect of the receivables. 
Repurchase May Be Required for Modified Receivables Consistent with its normal servicing procedures, the servicer may extend or modify the payment schedule of a receivable. However, some of these arrangements may obligate the servicer to repurchase the receivable.  |
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|   For a discussion of the servicer's repurchase obligations, see "Description of the Transfer and Servicing Agreements—Servicing Procedures" in this prospectus. Repurchase May Be Required for Breaches of Representations, Warranties or Covenants Cat Financial will make representations and warranties relating to the receivables when it sells them to the depositor in the related purchase agreement. The depositor will make similar representations and warranties when it sells the receivables to the issuing entity in the related sale and servicing agreement.  In addition, Cat Financial, in its capacity as servicer, will make certain covenants relating to the servicing of the receivables as set forth in the related sale and servicing agreement.-  Cat Financial will be required to repurchase a receivable from the depositor or the issuing entity if (1) one of Cat Financial's representations or warranties is breached with respect to that receivable and (2) the receivable is materially and adversely affected by the breach.  The depositor will assign its rights against Cat Financial under the related purchase agreement to the issuing entity. 
-  Cat Financial will also be required to repurchase a receivable from the issuing entity if (1) a covenant of Cat Financial as servicer is breached with respect to that receivable and (2) the receivable is materially and adversely affected by the breach. 
-  The depositor will be required to repurchase a receivable from the issuing entity if (1) one of the depositor's representations and warranties is breached with respect to that receivable and (2) the receivable is materially and adversely affected by the breach. 
For a discussion of the representations and warranties given by Cat Financial and its related repurchase obligations, see "Description of the Transfer and Servicing Agreements—Sale and Assignment of Receivables" in this prospectus. Administration of the Issuing Entities Cat Financial will be the administrator of the issuing entities.  Each issuing entity will pay the administrator an administration fee in the amount specified in the related prospectus supplement. The Issuing Entity's Security Interest in the Receivables and the Equipment Securing the Receivables Cat Financial will assign to the depositor its ownership interest in the receivables and its security interest in the financed equipment and certain other cross-collateralized equipment securing the receivables, and the depositor will in turn assign those receivables and security interests to the issuing entity. For more information about each issuing entity's security interest in the financed equipment and other cross-collateralized equipment securing the receivables, see "Certain Legal Aspects of the Receivables—Security Interest in the Equipment" in this prospectus. Tax Status Upon the issuance of notes by an issuing entity:-  To the extent specified in the related prospectus supplement, Orrick, Herrington & Sutcliffe LLP will deliver an opinion that the notes will be classified as debt; 
-  Orrick, Herrington & Sutcliffe llp will deliver an opinion that for federal income tax purposes the issuing entity will not be characterized as an association (or a publicly traded partnership) taxable as a corporation; and 
-  Bradley Arant Boult Cummings LLP, special Tennessee tax counsel, will deliver an opinion that the issuing entity should not be subject to taxation in Tennessee. 
See "Summary of Terms of the Notes—Tax Status" and "Federal Income Tax Consequences" in the related prospectus supplement and "Federal Income Tax Consequences" and "Certain State Tax Considerations" in this prospectus. ERISA Considerations Administrators of employee benefit plans should review the matters discussed under "ERISA Considerations" in this prospectus and in the related prospectus supplement.  |
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RISK FACTORS

| Subordination may cause some classes of notes to bear additional credit risk                                                    | The rights of the holders of any class of notes to receive payments of interest and principal may be subordinated to one or more other classes of notes.  Holders of subordinated classes of notes will bear more credit risk than the more senior classes.  Subordination may take the following forms:                                                                                                                                                                                                                                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                            | · interest payments on any date on which interest is due will first be allocated to the more senior classes;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                            | · principal payments on the subordinated classes might not begin until principal of the more senior classes is repaid in full;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                            | · subordinated classes bear the first risk of losses; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                            | · if the indenture trustee had to sell receivables, the net proceeds of that sale may be allocated first to pay principal and interest on the more senior classes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                            | The timing and priority of payment, seniority, allocations of losses and method of determining payments on the respective classes of notes of any issuing entity will be described in the related prospectus supplement.                                                                                                                                                                                                                                                                                                                                                                                                                          |
| The notes may suffer losses because the source of funds for payment on the notes is limited to the assets of the issuing entity | Each issuing entity will have receivables as assets and, to the extent specified in the related prospectus supplement, various trust accounts and any credit enhancement. None of the depositor, Cat Financial or any of their affiliates is obligated to make any payments relating to the notes of an issuing entity or the receivables owned by an issuing entity.  Therefore, you may seek payment of your notes only from the assets of the issuing entity.  If these assets are insufficient, you may suffer losses on your notes.  There are, however, two exceptions:                                  |
|                                                                                                                            | · first, Cat Financial and the depositor will make certain representations and warranties regarding the characteristics of the receivables and may have to repurchase one or more receivables if any of these representations and warranties are breached and such receivables are materially and adversely affected by such breach; and                                                                                                                                                                                                                                                                                                |
|                                                                                                                            | · second, the servicer may have to repurchase one or more receivables if it breaches certain of its servicing obligations with respect to such receivables.                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                            | The failure of Cat Financial, the depositor or the servicer to repurchase a receivable if it breaches a representation or warranty with respect to that receivable or its servicing obligations with respect to that receivable, as applicable, would reduce the funds available for payment on the notes.                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                            | Amounts on deposit in any reserve account will be limited and subject to depletion.  The amount required to be on deposit in any reserve account will be limited in amount, as stated in the related prospectus supplement.  Unless an issuing entity has another form of credit enhancement, after the amounts in the reserve account are depleted, the issuing entity will depend solely on collections on the receivables to make payments on the notes.  The balance in any reserve account will decrease as amounts are paid out to cover shortfalls in distributions of principal and interest on the notes.  |

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|                                                                                                                                      | You may suffer losses upon a liquidation of the receivables if proceeds of the liquidation are less than the amounts due on the outstanding notes.  If the receivables of any issuing entity are liquidated, the related noteholders may suffer losses if the receivables are sold for less than the total amount due on the notes.  If any event of default occurs under the related indenture, the related indenture trustee may sell the receivables owned by the related issuing entity, subject to the conditions set forth in "Description of the Notes—The Indenture—Events of Default; Rights Upon Events of Default" in this prospectus.  The market value of the receivables may be less than the aggregate principal amount of the outstanding notes.  Therefore, upon an event of default with respect to the notes of any issuing entity, there can be no assurance that sufficient funds will be available to repay the related noteholders in full.  |
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| You may have to reinvest your principal at a lower rate of return because of earlier than anticipated repayment of principal on the notes | If the principal on your notes is repaid sooner than you anticipate, you may not be able to reinvest the principal repaid to you at a rate of return that is equal to or greater than the rate of return on your notes. Potential early payment of notes due to prepayment of receivables.  All of the receivables relating to installment sale contracts will be prepayable at any time.  Although the receivables relating to finance leases are generally not prepayable by their terms, obligors generally may discharge their obligations under a finance lease upon payment of the aggregate remaining lease scheduled payments due (which amount would include an implicit interest amount).  "Prepayments" may include:                                                                                                                                                                                                                                                      |
|                                                                                                                                      | · voluntary prepayments;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                      | · liquidations due to defaults;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                      | · repurchases of receivables by Cat Financial or the depositor due to breaches of representations and warranties related to those receivables;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                      | · receipts of proceeds from insurance policies; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                      | · receivables purchased for administrative reasons.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                      | A variety of economic, financial, climatic and other factors will influence the rate of prepayments on the receivables.  The rate of prepayments on the receivables may also be influenced by programs offered from time to time by providers of financing, including Cat Financial, that solicit or make available credit that may be used to prepay receivables.  Faster than expected prepayments on the receivables will require the issuing entity to make payments on the notes earlier than expected.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| The notes may suffer losses if other liens or interests have priority over the lien of the indenture                                      | Cat Financial will represent, warrant and covenant that the depositor has a first priority perfected ownership interest in the receivables.  The depositor will represent, warrant and covenant that the issuing entity has a first priority perfected ownership or security interest in the receivables.  The issuing entity will represent, warrant and covenant that the indenture trustee has a first priority security interest in the receivables.  If any of these representations, warranties or covenants is breached, then other liens may have priority over the lien of the  indenture trustee on the receivables, and delays or reductions in payments on the notes may result.                                                                                                                                                                                                                                                                                         |
|                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

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|                                                                                             | Uniform Commercial Code financing statements will be filed to perfect each of these transfers.  Cat Financial will indicate on its computer records that the receivables have been sold to the depositor, transferred by the depositor to the issuing entity and transferred by the issuing entity to the indenture trustee, but the physical receivables files and the installment sale contracts or finance leases will not be stamped or otherwise marked to reflect the various transfers.  The Indenture Trustee will not physically possess the receivables files.  Instead, Cat Financial will act as custodian and will have possession of the receivables files.  The depositor and its employees may have access to the related receivables files.  As a result, if a third party (other than Cat Financial) were to obtain physical possession of the receivables files without actual knowledge of the prior transfers to the depositor, the issuing entity and the indenture trustee, the indenture trustee's interest in the receivables could be defeated, thereby likely resulting in delays or reductions in payments on the notes.  Similarly, if there is more than one original of any receivable, and a third party (other than Cat Financial) were to obtain physical possession of the duplicate original without actual knowledge of the prior transfers to the depositor, the issuing entity and the indenture trustee, the indenture trustee's interest in the related receivables could be defeated, thereby possibly resulting in delays or reductions in payments on the notes. |
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|                                                                                             | Cat Financial will represent, warrant and covenant that Cat Financial has a first priority perfected security interest in the financed equipment relating to each receivable.  If this is not true with respect to a particular piece of financed equipment, then the right of Cat Financial — and therefore the depositor, the issuing entity, and the indenture trustee — to enforce that security interest to obtain payment on the related receivable may be impaired, and there may be delays or reductions in payments on the notes.  In addition, Cat Financial will not file assignments of the financing statements that perfect the security interests in the financed equipment.  As a consequence, Cat Financial acting by itself has the ability to release, terminate, or otherwise impair the security interest in an item of financed equipment; should this occur, it could result in delays or reductions in payments on the notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                             | As servicer, Cat Financial will be permitted to commingle collections on the receivables with its own funds for the periods of time specified in the transfer and servicing agreements.  See "Description of the Transfer and Servicing Agreements—Payments on Receivables" in this prospectus.  The depositor, the issuing entity, the indenture trustee, and the holders of the notes may not have a perfected interest in collections on the receivables in the possession of Cat Financial as servicer, and thus if Cat Financial is unable or fails to perform its obligation to turn over collections to the indenture trustee, payments on the notes could be delayed or reduced.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Bankruptcy of Cat Financial or a dealer could result in delays in payment or losses on the notes | A bankruptcy of Cat Financial could result in delays or reductions in payments on the notes.  Cat Financial will represent and warrant that the transfer of each receivable to the depositor is a sale.  If Cat Financial were to become a debtor in a bankruptcy case, and a party in interest (including Cat Financial itself) were to take the position that the transfer of the receivables to the depositor should be recharacterized as the grant of a security interest in such receivables to secure a borrowing of Cat Financial, delays in payments on the notes could result.  If a court were to adopt such position, then delays or reductions in payments, or other losses, on the notes could result.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Cat Financial and the depositor have taken steps to minimize the risk that in the event Cat Financial were to become the debtor in a bankruptcy case, a court would order that the depositor's assets and liabilities be substantively consolidated with those of Cat Financial.  The depositor is a separate corporation.  The depositor's organizational documents provide that it shall not commence a voluntary bankruptcy case without the unanimous affirmative vote of all of the depositor's directors, although this provision may not be enforceable.  If Cat Financial were to become a debtor in a bankruptcy case, and a party in interest (including Cat Financial itself) were to take the position that the depositor's assets and liabilities should be consolidated with those of Cat Financial, delays in payments on the notes could result.  If the court ordered that the depositor's assets and liabilities be consolidated with those of Cat Financial, there could be delays or reductions in payments, or other losses, on the notes.                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Should Cat Financial go into bankruptcy, there could be other adverse effects on the holders of the notes that could result in delays or reductions in payments, or other losses, on the notes.  These adverse effects could include, but may not be limited to, one or more of the following.  Unless approval of the bankruptcy court is obtained, the automatic stay provisions of the Bankruptcy Code would prevent any action by the depositor, the issuing entity, the indenture trustee, or the holders of the notes to enforce any obligations of Cat Financial under the purchase agreement or any other transfer and servicing document or to collect any amount owing by Cat Financial under the purchase agreement or any other transfer and servicing agreement.  In addition, with the authorization of the bankruptcy court, Cat Financial may be able to repudiate the purchase agreement or any of the other transfer and servicing documents to which it is a party.  A repudiation of such an agreement would excuse Cat Financial from performing any of its obligations (including payment and repurchase obligations) under the agreement and any of the rights of the depositor or the issuing entity under the agreement that have been assigned to the indenture trustee may be limited or eliminated.  Such a repudiation could also excuse the other parties to the agreement from performing any of their obligations. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Cat Financial will be both the servicer and the custodian of the receivables and the administrator of the depositor and the issuing entity.  As servicer, Cat Financial will be permitted to commingle collections on the receivables with its own funds for the periods of time specified in the transfer and servicing agreements.  See "Description of the Transfer and Servicing Agreements—Payments on Receivables" in this prospectus.  In the event of a bankruptcy of Cat Financial, the depositor, the issuing entity, the indenture trustee, and the holders of the notes may not have a perfected interest in any collections on receivables that are in Cat Financial's possession at the time of the commencement of the bankruptcy case. Cat Financial may not be required to turn over to the issuing entity or the indenture trustee any collections on receivables that are in its possession at the time it goes into bankruptcy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | To the extent that Cat Financial has commingled collections of receivables with its own funds, the holders of the notes may be required to return to Cat Financial as preferential transfers all payments received on the notes during the one year prior to the bankruptcy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | If Cat Financial is in bankruptcy, it may stop performing its functions as servicer, custodian, or administrator, and it may be difficult to find a third party to act as successor servicer, custodian, or administrator.  Alternatively, Cat Financial may take the position that unless the amount of its compensation is increased or the terms of its obligations are otherwise altered, it will stop performing its functions as servicer,  custodian, or administrator.  If it would be difficult to find a third party to act as successor servicer, custodian,  or administrator, the indenture trustee, as a practical matter, may have no choice but to agree to the demands of Cat Financial.  Cat Financial may also have the power, with the approval of the bankruptcy court, to assign its rights and obligations as servicer, custodian, or administrator to a third party without the consent, and even over the objection, of the depositor, the issuing entity, the indenture trustee, or the holders of the notes and without complying with the requirements of the applicable documents.                                                                                                                                                                                                                                                                                                                                    |

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|                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                      | The automatic stay provisions of the Bankruptcy Code would prevent (unless approval of the bankruptcy court was obtained) any action by the depositor, the issuing entity, the indenture trustee, or the holders of the notes to enforce any obligations of Cat Financial as servicer, custodian, or administrator under the applicable documents or to collect any amount owing by Cat Financial as servicer, custodian, or administrator under the applicable documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                      | If Cat Financial is in bankruptcy, then, despite the terms of the documents, the depositor, the issuing entity, the indenture trustee, and the holders of the notes may be prohibited from terminating Cat Financial as servicer, custodian, or administrator and appointing a successor servicer, custodian, or administrator.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                      | The occurrence of any of these events could result in delays or reductions in payments, or other losses, on the notes.  There may be delays in payments on the notes while the court considers any of these issues.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                      | There may also be other possible effects of a bankruptcy of Cat Financial that could result in delays or reductions in payments. Regardless of any specific adverse determinations in a bankruptcy case of Cat Financial, the fact that such a case has been commenced could have an adverse effect on the liquidity and market value of the receivables and the notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                      | Cat Financial will acquire a number of the receivables from Caterpillar dealers. In addition, if provided for in the related prospectus supplement, certain of such transfers will provide that Cat Financial has recourse to the related Caterpillar dealer for all or a portion of the losses Cat Financial may incur if receivables transferred by such dealer are not paid in full. While Cat Financial intends for all transfers of receivables to it by dealers to be sales, if a Caterpillar dealer were to become a debtor in a bankruptcy case, and a party in interest (including the dealer itself) were to take the position that the dealer's transfer of receivables to Cat Financial should be recharacterized as the grant of a security interest in such receivables to secure a borrowing of the dealer, delays in payments on the notes could result.  If a court were to adopt such position, then delays or reductions in payments, or other losses, on the notes could result. |
|                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Delays in collecting payments or making distributions on the notes could occur if Cat Financial ceases to be the servicer                                                                                                                                                                                                                            | If Cat Financial were to cease acting as servicer, the processing of payments on the receivables and information relating to collections could delay payments to noteholders.  Cat Financial can be removed as servicer if it defaults on its servicing obligations, as described in this prospectus under the caption "Description of the Transfer and Servicing Agreement—Rights Upon Servicer Default" in this prospectus.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Funds available for payment on the notes may be reduced if the terms of the finance leases are interpreted under Article 2A of the Uniform Commercial Code in a way that limits the enforceability of the lease terms against the lessees or provides the lessees with additional remedies if they are in default on their obligations under those leases | Most states have adopted Article 2A of the Uniform Commercial Code regarding leases.  Although there is limited precedent interpreting Article 2A, Article 2A may, among other things: · limit enforceability of any "unconscionable" finance lease or "unconscionable" provisions in a finance lease; · provide a lessee with remedies, including the right to cancel the lease contract, for certain lessor breaches or defaults; or · add to or modify the terms of "consumer leases" and leases where the lessee is a "merchant lessee."                                                                                                                                                                                                                                                                                                                                                                                                       |

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|                                                                                                                                                                                                                                                       | Cat Financial will represent and warrant with respect to each finance lease conveyed to an issuing entity that:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                       | · to the best of its knowledge, the related lessee has accepted the related financed equipment leased to it and, after a reasonable opportunity to inspect and test, has not notified Cat Financial of any defects in that financed equipment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                       | Regardless of whether Cat Financial breaches any representation or warranty regarding a finance lease conveyed to an issuing entity, if the terms of that finance lease are interpreted under Article 2A of the Uniform Commercial Code in a way that limits the enforceability of the lease terms against the lessee or provides the lessee with additional remedies in the event of a default, the issuing entity may not receive all payments owed to it under the terms of that lease.  Any such payment shortfalls would reduce the funds available for payment on the notes.                                                                                                                                                                                                                                                                                                                                    |
| The principal on your notes may be repaid sooner than you anticipate or the funds available for payment on your notes may be reduced if the receivables were not originated in accordance with applicable federal and state consumer protection laws  | Federal and state consumer protection laws impose requirements upon creditors in connection with extensions of credit and enforcement of collections on retail installment sale contracts and finance leases.  Some of these laws make an assignee of such a contract — such as the issuing entity — liable to the obligor on that contract for any violation. Cat Financial will be obligated to repurchase receivables that are not originated in compliance with applicable federal and state consumer protection laws or are not in compliance with those laws at the time they are sold by Cat Financial to the depositor.  If Cat Financial repurchases any such receivables, principal on your notes may be repaid sooner than you anticipate.  If Cat Financial fails to repurchase any such receivables, the funds available for payment on your notes may be reduced.  |
| If book-entry registration is used, you will be able to exercise your rights as a noteholder only through the clearing agency                                                                                                                              | If the related prospectus supplement specifies that noteholders of the issuing entity will hold their interests through a clearing agency or one of its participating organizations, the notes will be registered in the name of a nominee of the clearing agency and physical certificates will not be issued to individual noteholders.  These noteholders will not be recognized directly by the indenture trustee and must exercise all of their rights and receive any payments through the clearing agency or the participating organization unless physical certificates are issued.  Physical certificates will only be issued in the limited circumstances described under "Issuance of the Notes—Book-Entry Registration" in this prospectus.  The clearing agency in the U.S. is expected to be DTC and in Europe either Clearstream or Euroclear.                               |
| Factors affecting Cat Financial's information management systems may increase the risk of loss on your investment                                                                                                                                     | The success of your investment depends upon the ability of the servicer, Cat Financial, to store, retrieve, process and manage substantial amounts of information. If the servicer experiences any interruptions or loss in its information processing or storage capabilities, its business, financial conditions, results of operations and ultimately your notes may suffer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| The notes are not suitable investments for all investors                                                                                                                                                                                                   | The notes are complex investments that are not a suitable investment for all investors. The notes should be considered only by investors who, either alone or with their financial, tax and legal advisors, have the expertise to analyze the prepayment, reinvestment, default and market risk, the tax consequences of an investment and the interaction of these factors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

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| The return on the notes could be reduced by shortfalls due to military action and/or natural disasters | The effect of any current or future military action by or against the United States, as well as any future terrorist attacks, on the performance of the receivables is unclear, but there may be an adverse effect on general economic conditions, consumer confidence and general market liquidity. Investors should consider the possible effects on delinquency, default and prepayment experience of the receivables. The effect of natural disasters on the performance of the receivables is unclear, but there may be an adverse effect on general economic conditions, consumer confidence and general market liquidity.  Investors should consider the possible effects on delinquency, default and prepayment experience of the receivables. |
|--------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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THE ISSUING ENTITIES

General

| ·   | acquiring, holding and managing the receivables and the other assets of that issuing entity and proceeds from those assets; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------|

| ·   | issuing and making payments on the related notes; |
|--------------------|---------------------------------------------------|

| ·   | issuing and making payments on the related certificates representing fractional undivided beneficial equity interests in that issuing entity; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | engaging in other activities that are necessary, suitable or convenient to accomplish the foregoing or are connected with those activities. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

The Owner Trustee

THE TRUST PROPERTY

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| ·   | the receivables transferred to that issuing entity; |
|--------------------|-----------------------------------------------------|

| ·   | all monies (including accrued interest) due or received under the receivables on or after the applicable cut-off date; |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | amounts as from time to time may be held in one or more accounts established and maintained by the servicer pursuant to the related sale and servicing agreement, as described below and in the related prospectus supplement; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | security interests in the financed equipment and in certain other cross-collateralized equipment; |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | the rights to proceeds from claims on physical damage, credit life, liability and disability insurance policies, if any, covering the financed equipment or obligors, as the case may be; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the proceeds of any repossessed financed equipment; |
|--------------------|-----------------------------------------------------|

| ·   | the rights of the depositor under the related purchase agreement; |
|--------------------|-------------------------------------------------------------------|

| ·   | the interest of the depositor in any proceeds from recourse to Caterpillar dealers with respect to receivables; |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| ·   | any credit or payment enhancement specified in the related prospectus supplement; |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | the interest earned on short-term investments made by the issuing entity; and |
|--------------------|-------------------------------------------------------------------------------|

| ·   | any proceeds of the foregoing. |
|--------------------|--------------------------------|

THE RECEIVABLES POOLS

| ·   | the obligor's ability to repay the obligation; |
|--------------------|------------------------------------------------|

| ·   | the obligor's credit history; and |
|--------------------|-----------------------------------|

| ·   | the equity position, if any, with respect to the related financed equipment, as described below. |
|--------------------|--------------------------------------------------------------------------------------------------|

| ·   | will be secured by a first priority perfected security interest in the related financed equipment; |
|--------------------|----------------------------------------------------------------------------------------------------|

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| ·   | will have related financed equipment located in the United States; |
|--------------------|--------------------------------------------------------------------|

| ·   | will have been originated in the United States; |
|--------------------|-------------------------------------------------|

| ·   | will have an obligor that has a United States billing address; |
|--------------------|----------------------------------------------------------------|

| ·   | in the case of an installment sale contract, will provide for scheduled payments that fully amortize the amount financed over its original term to maturity; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | will not be more than 31 days past due; and |
|--------------------|---------------------------------------------|

| ·   | will satisfy any other criteria set forth in the related prospectus supplement. |
|--------------------|---------------------------------------------------------------------------------|

| ·   | the composition of the receivables; |
|--------------------|-------------------------------------|

| ·   | the distribution by annual percentage rate — or "APR" — as that term is defined in the related prospectus supplement; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| ·   | type of equipment; |
|--------------------|--------------------|

| ·   | principal balance of the receivables and the geographic location of each obligor of the receivables; and |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | percentages of: |
|--------------------|-----------------|

| ·   | new and used equipment; |
|--------------------|-------------------------|

| ·   | industry application; and |
|--------------------|---------------------------|

| ·   | payment frequency. |
|--------------------|--------------------|

The Retail Equipment Financing Business

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| ·   | credit approval; |
|--------------------|------------------|

| ·   | billing; |
|--------------------|----------|

| ·   | account modification; |
|--------------------|-----------------------|

| ·   | cash receipts; and |
|--------------------|--------------------|

| ·   | collections. |
|--------------------|--------------|

| ·   | contract documentation; |
|--------------------|-------------------------|

| ·   | set-up; |
|--------------------|---------|

| ·   | funding; |
|--------------------|----------|

| ·   | adjustments; and |
|--------------------|------------------|

| ·   | terminations. |
|--------------------|---------------|

| ·   | are current in payment; |
|--------------------|-------------------------|

| ·   | have no payment on the receivable that has been past due more than 60 days since it was originated; |
|--------------------|-----------------------------------------------------------------------------------------------------|

| ·   | have not been extended for more than one month in the last six months or for more than two months in the last twelve months; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | have a remaining financed value of at least $10,000 and a remaining term to maturity of at least 12 months. |
|--------------------|------------------------------------------------------------------------------------------------------------------|

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| ·   | the obligor's credit history; |
|--------------------|-------------------------------|

| ·   | the type of equipment financed; |
|--------------------|---------------------------------|

| ·   | whether the equipment is new or used; |
|--------------------|---------------------------------------|

| ·   | the payment schedule; and |
|--------------------|---------------------------|

| ·   | the length of the contract, which generally ranges at origination from 12 to 72 months. |
|--------------------|-----------------------------------------------------------------------------------------|

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| ·   | the obligor's equity in the financed equipment; |
|--------------------|-------------------------------------------------|

| ·   | the obligor's financial status and prospects; and |
|--------------------|---------------------------------------------------|

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| ·   | the reason for the obligor's deferral. |
|--------------------|----------------------------------------|

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WEIGHTED AVERAGE LIFE OF THE NOTES

| ·   | prepayments in full; |
|--------------------|----------------------|

| ·   | partial prepayments (including those related to rebates of insurance premiums); |
|--------------------|---------------------------------------------------------------------------------|

| ·   | liquidations due to default; |
|--------------------|------------------------------|

| ·   | receipts of proceeds from physical damage and term life insurance policies; and |
|--------------------|---------------------------------------------------------------------------------|

| ·   | the repurchase of receivables by Cat Financial, the depositor or the servicer pursuant to the servicer's option to purchase the receivables, for other administrative reasons set forth in this prospectus or the related prospectus supplement, or for breach of a representation or warranty. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Cat Financial or the depositor will be obligated to repurchase receivables from an issuing entity as a result of breaches of representations and warranties regarding the receivables; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the servicer will be obligated to purchase receivables from an issuing entity pursuant to the related sale and servicing agreement as a result of breaches of certain covenants. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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USE OF PROCEEDS

| ·   | to the purchase of the receivables from Cat Financial; and |
|--------------------|-----------------------------------------------------------------|

| ·   | to make the initial deposit into the reserve account or yield supplement account, in each case, if any. |
|--------------------|---------------------------------------------------------------------------------------------------------|

THE DEPOSITOR, CATERPILLAR INC., THE SPONSOR AND SERVICER

Caterpillar Financial Funding Corporation

Caterpillar Inc.

|   | 1. | Machinery — A principal line of business which includes the design, manufacture, marketing and sales of construction, mining and forestry machinery—track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractorscrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment and related parts. Also includes logistics services for other companies and the design, manufacture, remanufacture, maintenance and services of rail-related products. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Engines — A principal line of business including the design, manufacture, marketing and sales of engines for Caterpillar Inc. machinery, electric power generation systems, locomotives, marine, petroleum, construction, industrial, agricultural and other applications, and related parts. Also includes remanufacturing of Caterpillar Inc. engines and a variety of Caterpillar Inc. machine and engine components and remanufacturing services for other companies. Reciprocating engines meet power needs ranging from 10 to 21,800 horsepower (8 to over 16 000 kilowatts). Turbines range from 1,600 to 30,000 horsepower (1 200 to 22 000 kilowatts). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 3. | Financial Products — A principal line of business consisting primarily of Cat Financial, Caterpillar Insurance Holdings, Inc. ("Cat Insurance") and their respective subsidiaries. Cat Financial provides a wide range of financing alternatives to customers and dealers for Caterpillar Inc. machinery and engines, solar gas turbines as well as other equipment and marine vessels. Cat Financial also extends loans to customers and dealers. Cat Insurance provides various forms of insurance to customers and dealers to help support the purchase and lease of our equipment. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Caterpillar Financial Services Corporation

| ·   | Tax leases that are classified as either operating or finance leases for financial accounting purposes, depending on the characteristics of the lease.  For tax purposes, Cat Financial is considered the owner of the equipment; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Finance (non-tax) leases where the lessee is considered the owner of the equipment during the term of the lease and that either require or allow the customer to purchase the equipment for a fixed price at the end of the term; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Installment sale contracts, which are equipment loans that enable customers to purchase equipment with a down payment or trade-in and structure payments over time; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Governmental lease-purchase plans in the U.S. that offer low interest rates and flexible terms to qualified non-federal government agencies. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| Year and Series |   | Aggregate Initial Note Value (000s) |
|-----------------|--------|-------------------------------------|
| 1994-A          |   | $242,518                            |
| 1995-A          |   | $459,119                            |
| 1996-A          |   | $371,897                            |
| 1997-A          |   | $346,637                            |
| 1997-B          |   | $314,430                            |
| 1998-A          |   | $605,679                            |
| 1999-A          |   | $591,421                            |
| 2001-A          |   | $621,085                            |
| 2002-A          |   | $632,028                            |
| 2003-A          |   | $681,043                            |
| 2004-A          |   | $658,742                            |
| 2005-A          |   | $853,817                            |
| 2006-A          |   | $965,956                            |
| 2007-A          |   | $659,848                            |
| 2008-A          |   | $642,058                            |
|            |   |                                |

|                           |   | 2000            |    |   | 2001            |   |    | 2002            |   |   | 2003            |   |   | 2005            |    |
|--------------------------------|--------|-----------------|---------|--------|-----------------|--------|---------|-----------------|--------|--------|-----------------|--------|--------|-----------------|---------|
|                           |   | ($ in millions) |    |   | ($ in millions) |   |    | ($ in millions) |   |   | ($ in millions) |   |   | ($ in millions) |    |
| Installment Sale Contracts (1) |   | $               | 2,558.9 |   |            | $      | 2,778.2 |            |   | $      | 2,841.3         |   |   | $               | 3,159.7 |   |   | $ | 4,155.4 |   |
| Finance Leases (2)             |   | $               | 1,057.9 |   |            | $      | 957.9   |            |   | $      | 773.2           |   |   | $               | 645.1   |   |   | $ | 608.5 |   |
|                           |   |            |    |   |            |   |    |            |   |   |            |   |   |            |    |   |   |   |   |   |
|                           |   |            | 2005    |   |            |   | 2006    |            |   |   | 2007            |   |   |            | 2008    |   |   |   | 2009 |   |
|                           |   | ($ in millions) |    |   | ($ in millions) |   |    | ($ in millions) |   |   | ($ in millions) |   |   | ($ in millions) |    |
| Installment Sale Contracts (1) |   | $               | 4,955.9 |   |            | $      | 5,465.8 |            |   | $      | 5,380.0         |   |   | $               | 4,409.3 |   |   | $ | 2,750.1 |   |
| Finance Leases (2)             |   | $               | 711.8   |   |            | $      | 824.7   |            |   | $      | 834.4           |   |   | $               | 723.6   |   |   | $ | 508.1 |   |
|                           |   |            |    |   |            |   |    |            |   |   |            |   |   |            |    |   |   |   |   |   |

|   | (1) | The amount of the gross portfolio is based on the aggregate contract balance of the U.S. ISC Portfolio. |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|   | (2) | The amount of the gross portfolio is based on the aggregate contract balance of the U.S. lease portfolio less the residual amount. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------|

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Affiliations Among Transaction Parties

DESCRIPTION OF THE NOTES

General

Principal and Interest on the Notes

| ·   | principal payments with disproportionate, nominal or no interest payments; or |
|--------------------|-------------------------------------------------------------------------------|

| ·   | interest payments with disproportionate, nominal or no principal payments. |
|--------------------|----------------------------------------------------------------------------|

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The Indenture

| ·   | change the due date of any installment of principal of or interest on any note of that series or reduce the principal amount of that note, the interest rate specified on that note or the prepayment price with respect to that note or change any place of payment where, or the coin or currency in which, any note or any interest thereon is payable; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | impair the right to institute suit for the enforcement of certain provisions of the related indenture regarding payment; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|

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| ·   | reduce the percentage of the aggregate amount of the outstanding notes of that series the consent of the holders of which is required for any supplemental indenture or the consent of the holders of which is required for any waiver of compliance with certain provisions of the related indenture or of certain defaults thereunder and their consequences as provided for in that indenture; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | modify or alter the provisions of the related indenture regarding the voting of notes held by the related issuing entity, the depositor, an affiliate of either of them or any other obligor on those notes; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | reduce the percentage of the aggregate outstanding amount of the notes of that series the consent of the holders of which is required to direct the related indenture trustee to sell or liquidate the related receivables if the proceeds of that sale would be insufficient to pay the principal amount and accrued but unpaid interest on the outstanding notes of that series; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | decrease the percentage of the aggregate principal amount of those notes required to amend the sections of the related indenture which specify the applicable percentage of the aggregate principal amount of the notes of that series necessary to amend the related indenture or certain of the transfer and servicing agreements; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | modify any of the provisions of the indenture in such a manner as to affect the calculation of the amount of any payment of interest or principal due on any note on any distribution date (including the calculation of any of the individual components of such calculation) or to affect the rights of the holders of those notes to the benefit of any provisions for the mandatory redemption of the notes contained therein; or |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | permit the creation of any lien ranking prior to or on a parity with the lien of the related indenture with respect to any of the collateral for those notes or, except as otherwise permitted or contemplated in the indenture, terminate the lien of the related indenture on that collateral or deprive the holders of those notes of the security afforded by the lien of that indenture. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a default for five days or more in the payment of any interest on those notes; |
|--------------------|--------------------------------------------------------------------------------|

| ·   | a default in the payment of the principal of or any installment of the principal of those notes when the same becomes due and payable; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a default in the observance or performance of any covenant or agreement of the related issuing entity made in the related indenture and the continuation of that default for a period of 30 days after notice thereof is given to that issuing entity by the related indenture trustee or to that issuing entity and that indenture trustee by the holders of at least 25% in principal amount of the notes then outstanding; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | any representation or warranty made by that issuing entity in the related indenture or in any certificate delivered pursuant to the indenture or in connection therewith having been incorrect in a material respect as of the time made, and that breach not having been cured within 30 days after notice of that breach is given to that issuing entity by that indenture trustee or to that issuing entity and that indenture trustee by the holders of at least 25% in principal amount of the notes then outstanding; or |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | certain events of bankruptcy, insolvency, receivership or liquidation of the related issuing entity. |
|--------------------|------------------------------------------------------------------------------------------------------|

| ·   | all the holders of the outstanding notes of that series and, if applicable to such series, the swap counterparty consent to the sale; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the proceeds of that sale are sufficient to pay in full the principal of and the accrued interest on the outstanding notes of that series and, if applicable to such series, all amounts due to the swap counterparty at the date of that sale; or |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the indenture trustee determines that the proceeds of the related receivables may not be sufficient on an ongoing basis to make all payments on the notes as those payments would have become due if those obligations had not been declared due and payable, and that indenture trustee obtains the consent of the holders of 66 2/3% of the aggregate outstanding amount of the notes. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | that noteholder previously has given to the related indenture trustee written notice of a continuing event of default; |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | the holders of not less than 25% in principal amount of the outstanding notes of that series have made written request to the related indenture trustee to institute that proceeding in its own name as indenture trustee; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | such noteholder or noteholders have offered the related indenture trustee reasonable indemnity; |
|--------------------|-------------------------------------------------------------------------------------------------|

| ·   | the related indenture trustee has for 60 days failed to institute that proceeding; and |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | no direction inconsistent with that written request has been given to the related indenture trustee during that 60-day period by the holders of a majority in principal amount of the outstanding notes of the applicable series. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the entity formed by or surviving the consolidation or merger is organized under the laws of the United States, any state thereof or the District of Columbia; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the entity surviving the consolidation or merger expressly assumes that issuing entity's obligation to make due and punctual payments upon the notes of the related series and the performance or observance of every agreement and covenant of that issuing entity under the related indenture; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | no event of default shall have occurred and be continuing immediately after that merger or consolidation; |
|--------------------|-----------------------------------------------------------------------------------------------------------|

| ·   | the issuing entity has been advised that the ratings of the notes of that series would not be reduced or withdrawn by the applicable rating agencies as a result of that merger or consolidation; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the issuing entity has received an opinion of counsel to the effect that such consolidation or merger would have no material adverse tax consequence to the issuing entity or to any related noteholder or certificateholder; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | any action as is necessary to maintain the lien of the related indenture shall have been taken; and |
|--------------------|-----------------------------------------------------------------------------------------------------|

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| ·   | the issuing entity has received an opinion of counsel and officer's certificate each stating that such consolidation or merger satisfies all requirements under the related indenture. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | except as expressly permitted by the related indenture, the related transfer and servicing agreements or certain related documents (collectively, the "related documents"), sell, transfer, exchange or otherwise dispose of any of its assets; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | claim any credit on or make any deduction from the principal and interest payable in respect of the notes of the related series or assert any claim against any present or former holder of notes because of the payment of taxes levied or assessed upon that issuing entity, other than amounts withheld under the Code or applicable state law; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | except as contemplated by the related documents, dissolve or liquidate in whole or in part; |
|--------------------|---------------------------------------------------------------------------------------------|

| ·   | permit the validity or effectiveness of the related indenture to be impaired or permit any person to be released from any covenants or obligations with respect to the notes under that indenture except as may be expressly permitted thereby; or |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | permit any lien, charge, excise, claim, security interest, mortgage or other encumbrance to be created on or extend to or otherwise arise upon or burden its assets or any part thereof, except as may be created by the terms of the related indenture. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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CERTAIN INFORMATION REGARDING THE NOTES

Fixed Rate Notes

Floating Rate Notes

| ·   | a maximum limitation, or ceiling, on the rate at which interest may accrue during any interest period; and |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | a minimum limitation, or floor, on the rate at which interest may accrue during any interest period. |
|--------------------|------------------------------------------------------------------------------------------------------|

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ISSUANCE OF THE NOTES

Definitive Notes

Book-Entry Registration

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| ·   | the issuing entity advises the indenture trustee in writing that DTC is no longer willing or able to discharge properly its responsibilities as depository with respect to any notes held in book-entry form; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the issuing entity, to the extent permitted by law, advises the indenture trustee in writing that it elects to terminate the book-entry system through DTC with respect to the Book-Entry Notes; or |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | after the occurrence of an event of default or a Servicer Default, noteholders representing at least a majority of the outstanding principal amount of the notes of the applicable series advise the indenture trustee through DTC in writing that the continuation of a book-entry system through DTC, or a successor thereto, is no longer in the best interest of those noteholders; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

DESCRIPTION OF THE TRANSFER AND SERVICING AGREEMENTS

| ·   | the sale and servicing agreement pursuant to which an issuing entity will purchase receivables from the depositor and the servicer will undertake to service those receivables (the "sale and servicing agreement"); |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the purchase agreement pursuant to which the depositor will purchase those receivables from Cat Financial  (the "purchase agreement"); |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the administration agreement pursuant to which Cat Financial will undertake certain administrative duties with respect to that issuing entity; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the trust agreement pursuant to which that issuing entity will be created and the related certificates will be issued (the "trust agreement"); and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | if provided for in the related prospectus supplement, the custodial agreement (the "custodial agreement") pursuant to which the related custodian will have custody of the related receivables files on behalf of that issuing entity and the related indenture trustee (collectively, the "transfer and servicing agreements"). |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Sale and Assignment of Receivables

| ·   | the information provided with respect to the related receivables is correct in all material respects; |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | the obligor on each receivable is required to maintain physical damage insurance and/or liability insurance, as applicable, covering the financed equipment in accordance with Cat Financial's normal requirements; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | as of the related closing date, the related receivables are free and clear of all security interests, liens, charges and encumbrances and no offsets, defenses, or counterclaims have been asserted or threatened; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | as of the related closing date, each of those receivables is secured by a first priority perfected security interest in the financed equipment in favor of Cat Financial; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | each receivable, at the time it was originated, complied and, as of the related closing date, complies in all material respects with applicable federal and state laws including, without limitation, consumer credit, truth in lending, equal credit opportunity and disclosure laws; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | each finance lease, if any: |
|--------------------|-----------------------------|

|   | 1. | constitutes a security interest under the UCC; and |
|--------|----|----------------------------------------------------|

|   | 2. | constitutes "tangible chattel paper", as defined in the UCC. |
|--------|----|--------------------------------------------------------------|

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Accounts

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| ·   | a segregated account with an eligible institution; or |
|--------------------|-------------------------------------------------------|

| ·   | a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia, or any domestic branch of a foreign bank, having corporate trust powers and acting as trustee for funds deposited in that account, so long as any of the securities of that depository institution have a credit rating from each rating agency in one of its generic rating categories which signifies investment grade. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the corporate trust department of the related indenture trustee, the related owner trustee or such other institution acceptable to the rating agencies as being consistent with the ratings of the notes; or |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia, or any domestic branch of a foreign bank which: |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | has either a long-term or short-term unsecured debt rating acceptable to the rating agencies; and |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | whose deposits are insured by the Federal Deposit Insurance Corporation; |
|--------------------|--------------------------------------------------------------------------|

|   | or — |
|--------|------------|

| ·   | the parent corporation of which has either a long-term or short-term unsecured debt rating acceptable to the rating agencies; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| ·   | whose deposits are insured by the Federal Deposit Insurance Corporation. |
|--------------------|--------------------------------------------------------------------------|

Servicing Procedures

| ·   | reduce the underlying APR or contract balance of the related receivable; |
|--------------------|--------------------------------------------------------------------------|

| ·   | reduce the aggregate amount of scheduled payments or the amount of any scheduled payment due under the related receivable; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | release or modify Cat Financial's security interest in the financed equipment securing the related receivable; or |
|--------------------|-------------------------------------------------------------------------------------------------------------------|

| ·   | otherwise amend or modify the related receivable in a manner that would have a material adverse effect on the interests of the related securityholders. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

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Payments on Receivables

| ·   | Cat Financial is the servicer; |
|--------------------|--------------------------------|

| ·   | each other condition to making deposits less frequently than daily as may be specified by the rating agencies or set forth in the related prospectus supplement is satisfied; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a Servicer Default (as described below) does not exist. |
|--------------------|---------------------------------------------------------|

Servicing and Administrative Compensation and Payment of Expenses

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| ·   | collecting and posting payments; |
|--------------------|----------------------------------|

| ·   | responding to inquiries of obligors on the related receivables; |
|--------------------|-----------------------------------------------------------------|

| ·   | investigating delinquencies; |
|--------------------|------------------------------|

| ·   | sending payment coupons to obligors; |
|--------------------|--------------------------------------|

| ·   | reporting tax information to obligors; |
|--------------------|----------------------------------------|

| ·   | paying costs of disposition of defaults; and |
|--------------------|----------------------------------------------|

| ·   | policing the collateral. |
|--------------------|--------------------------|

| ·   | administering the related receivables; |
|--------------------|----------------------------------------|

| ·   | accounting for collections and furnishing monthly and annual statements to the depositor, the related owner trustee and the related indenture trustee with respect to distributions; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | if applicable, acting as the custodian of the related receivables. |
|--------------------|--------------------------------------------------------------------|

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Distributions

Credit and Payment Enhancement

| ·   | subordination of one or more classes of securities; |
|--------------------|-----------------------------------------------------|

| ·   | cash accounts, which may include one or more reserve accounts or yield supplement accounts; |
|--------------------|---------------------------------------------------------------------------------------------|

| ·   | "excess spread," or interest earned on the receivables in excess of the amount required to be paid on the securities; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------|

| ·   | "overcollateralization," or collateralization greater than the principal amount of the notes; |
|--------------------|-----------------------------------------------------------------------------------------------|

| ·   | letters of credit and other credit facilities; |
|--------------------|------------------------------------------------|

| ·   | surety bonds or insurance policies; |
|--------------------|-------------------------------------|

| ·   | guaranteed investment contracts; |
|--------------------|----------------------------------|

| ·   | interest rate swaps or interest rate caps; or |
|--------------------|-----------------------------------------------|

| ·   | any combination of two or more of the foregoing. |
|--------------------|--------------------------------------------------|

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|   | 4. | the conditions under which amounts available from payments that would otherwise be made to holders of those subordinated notes will be distributed to holders of notes of that series that are more senior. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the rating agencies confirm in writing that such action will not result in a reduction or withdrawal of the rating of any class of notes; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the depositor provides to the related owner trustee and the related indenture trustee an opinion of counsel from independent counsel that such action will not cause the related issuing entity to be treated as an association (or publicly traded partnership) taxable as a corporation for federal income tax purposes; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the transferee or assignee agrees in writing to take positions for tax purposes consistent with the tax positions agreed to be taken by the depositor. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | the rating agencies confirm in writing that such action will not result in a reduction or withdrawal of the rating of any class of notes; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the depositor provides to the related owner trustee and the related indenture trustee an opinion of counsel from independent counsel that such action will not cause the related issuing entity to be treated as an association (or publicly traded partnership) taxable as a corporation for federal income tax purposes; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the transferee or assignee agrees in writing to take positions for tax purposes consistent with the tax positions agreed to be taken by the depositor. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

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Net Deposits

Reports to Noteholders

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|   | 1. | the amount of the distribution allocable to principal of each class of notes of that series; |
|--------|----|----------------------------------------------------------------------------------------------|

|   | 2. | the amount of the distribution allocable to interest on or with respect to each class of notes of that series; |
|--------|----|----------------------------------------------------------------------------------------------------------------|

|   | 3. | the Pool Balance as of the close of business on the last day of the preceding collection period; |
|--------|----|--------------------------------------------------------------------------------------------------|

|   | 4. | the aggregate outstanding principal balance and the pool factor for each class of notes after giving effect to all payments reported under clause 1 above on that date; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5. | the amount of the Servicing Fee paid to the servicer with respect to the related collection period; |
|--------|----|-----------------------------------------------------------------------------------------------------|

|   | 6. | the interest rate for the next period for any class of notes of that series with variable or adjustable rates; |
|--------|----|----------------------------------------------------------------------------------------------------------------|

|   | 7. | the amount of the administration fee paid to the administrator in respect of the related collection period; |
|--------|----|-------------------------------------------------------------------------------------------------------------|

|   | 8. | the amount of the aggregate "Realized Losses" (as defined in the related prospectus supplement), if any, for that collection period; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 9. | the aggregate Purchase Amounts for receivables, if any, that were repurchased or purchased in that collection period; and |
|--------|----|---------------------------------------------------------------------------------------------------------------------------|

|   | 10. | the balance of the reserve account or the yield supplement account, in each case, if any, on that distribution date, after giving effect to withdrawals therefrom and deposits thereto on that distribution date, and the Specified Reserve Account Balance or Required Yield Supplement Amount, as applicable, for such distribution date. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Evidence as to Compliance

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| ·   | stating that the servicer has fulfilled its obligations under the sale and servicing agreement in all material respects throughout the preceding 12 months ended December 31 (or, in the case of the first such certificate, the period from the related closing date to December 31 of the same year); or |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | if there has been a default in the fulfillment of any obligation in any material respect, describing each default. |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

Certain Matters Regarding the Servicer

| ·   | any entity into which the servicer may be merged or consolidated; |
|--------------------|-------------------------------------------------------------------|

| ·   | any entity resulting from any merger or consolidation to which the servicer is a party; |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | any entity succeeding to the properties and assets of the servicer substantially as a whole; or |
|--------------------|-------------------------------------------------------------------------------------------------|

| ·   | any corporation 50% or more of the voting stock of which is owned, directly or indirectly, by Caterpillar Inc. |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | communicating with obligors; |
|--------------------|------------------------------|

| ·   | sending monthly remittance statements to obligors; |
|--------------------|----------------------------------------------------|

| ·   | collecting payments from obligors; |
|--------------------|------------------------------------|

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| ·   | accurate and timely accounting, reporting and remitting of the principal and interest components of monthly payments, together with any other sums required to be remitted by the obligors with respect to the receivables; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | calculating remittance amounts to noteholders and certificateholders; |
|--------------------|-----------------------------------------------------------------------|

| ·   | sending remittances to the indenture trustee and owner trustee for distributions to the noteholders and certificateholders, respectively; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | investor and tax reporting; |
|--------------------|-----------------------------|

| ·   | coordinating repurchases of receivables as required under the transfer and servicing agreements; |
|--------------------|--------------------------------------------------------------------------------------------------|

| ·   | oversight of all repossession and liquidation activity; |
|--------------------|---------------------------------------------------------|

| ·   | following up with obligors with respect to receivables that are delinquent or for which servicing decisions may need to be made and developing loss mitigation strategies for such delinquent receivables; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | providing certain notices and other responsibilities as detailed in the transfer and servicing agreements. |
|--------------------|------------------------------------------------------------------------------------------------------------|

Servicer Default

| ·   | any failure by the servicer: |
|--------------------|------------------------------|

|   | 1. | to deliver to the related indenture trustee for deposit in any of the related trust accounts any required payment; or |
|--------|----|-----------------------------------------------------------------------------------------------------------------------|

|   | 2. | to direct the related indenture trustee to make any required distributions therefrom, in either case which failure continues unremedied for three business days after written notice from the related indenture trustee or the related owner trustee is received by the servicer or after discovery by the servicer; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | any failure by the servicer, duly to observe or perform in any material respect any other covenant or agreement in any transfer and servicing agreement, which failure materially and adversely affects the rights of noteholders or certificateholders of the related series and which continues unremedied for 60 days after the giving of written notice of that failure: |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | to the servicer by the related indenture trustee or owner trustee; or |
|--------|----|-----------------------------------------------------------------------|

|   | 2. | to the servicer and to the related indenture trustee and owner trustee by holders of notes or certificates of that series, as applicable, evidencing not less than 25% in aggregate principal amount of the outstanding notes or evidencing not less than 25% of the outstanding certificate balance, or percentage interest, as applicable, of the certificates of the related series; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | certain events of insolvency, readjustment of debt, marshalling of assets and liabilities, or similar proceedings with respect to the servicer and certain actions by the servicer indicating its insolvency, reorganization pursuant to bankruptcy proceedings, or inability to pay its obligations; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | with respect to any issuing entity, the additional event or events, if any, specified in the related prospectus supplement. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------|

Rights Upon Servicer Default

Waiver of Past Defaults

Amendment

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| ·   | increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on receivables or payments or distributions that are required to be made for the benefit of the noteholders or the certificateholders; or |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | reduce the aforesaid percentage of the notes and certificates of that series which are required to consent to any such amendment, without the consent of the holders of all the outstanding notes or certificates, as the case may be, of that series. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Payment of Notes

Termination

| ·   | the maturity or other liquidation of the last related receivables and the disposition of any amounts received upon liquidation of any receivables owned by that issuing entity; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the payment to noteholders and certificateholders of the related series of all amounts required to be paid to them pursuant to the related transfer and servicing agreements. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Administration Agreement

CERTAIN LEGAL ASPECTS OF THE RECEIVABLES

Security Interest In Equipment

Repossession

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Notice of Sale; Redemption Rights

Other Legal Principles

Leases

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Bankruptcy of Obligor

FEDERAL INCOME TAX CONSEQUENCES

Tax Characterization of the Issuing Entity

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Tax Consequences to Holders of the Notes

| ·   | is not actually or constructively a "10 percent shareholder" of the depositor or the issuing entity, is not for United States federal income tax purposes a "controlled foreign corporation" with respect to which the issuing entity or the depositor is a "related person" within the meaning of the Code, or is not a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | provides the person who is otherwise required to withhold United States tax with respect to the notes with an appropriate statement (on IRS Form W-8BEN or a substitute form), signed under penalties of perjury, certifying that the beneficial owner of the note is a foreign person and providing the foreign person's name, address and certain other information. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | such gain is not effectively connected with the conduct of a trade or business in the United States by the foreign person; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------|

| ·   | in the case of an individual foreign person, the foreign person is not present in the United States for 183 days or more in the taxable year. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

Federal Tax Opinion

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CERTAIN STATE TAX CONSIDERATIONS

Relevant Tennessee Tax Laws

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The Hall Tax

The F&E Taxes

State Tax Opinion

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ERISA CONSIDERATIONS

PLAN OF DISTRIBUTION

| ·   | set forth the price at which each class of notes being offered thereby will be offered to the public and any concessions that may be offered to certain dealers participating in the offering of those notes; or |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | specify that the related notes are to be resold by the underwriters in negotiated transactions at varying prices to be determined at the time of sale. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

RATINGS

LEGAL OPINIONS

AVAILABLE INFORMATION

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INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

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INDEX OF TERMS

|   | additional servicing compensation, 42 |
|--------|---------------------------------------|

|   | administration agreement, 52 |
|--------|------------------------------|

|   | APR, 17 |
|--------|---------|

|   | Base Rate, 33 |
|--------|---------------|

|   | Book-Entry Notes, 34 |
|--------|----------------------|

|   | Calculation Agent, 34 |
|--------|-----------------------|

|   | Caterpillar Inc., 25 |
|--------|----------------------|

|   | CBC, 18 |
|--------|---------|

|   | certificate distribution account, 39 |
|--------|--------------------------------------|

|   | Clearstream, 34 |
|--------|-----------------|

|   | closing date, 38 |
|--------|------------------|

|   | Code, 54 |
|--------|----------|

|   | collection account, 39 |
|--------|------------------------|

|   | custodial agreement, 37 |
|--------|-------------------------|

|   | custodian, 39 |
|--------|---------------|

|   | Dealer Agreements, 16 |
|--------|-----------------------|

|   | default letters, 22 |
|--------|---------------------|

|   | Definitive Notes, 34 |
|--------|----------------------|

|   | depositaries, 34 |
|--------|------------------|

|   | depository, 27 |
|--------|----------------|

|   | discount factor, 38 |
|--------|---------------------|

|   | distribution date, 28 |
|--------|-----------------------|

|   | Eligible deposit account, 40 |
|--------|------------------------------|

|   | Eligible institution, 40 |
|--------|--------------------------|

|   | Eligible investments, 39 |
|--------|--------------------------|

|   | ERISA, 59 |
|--------|-----------|

|   | Euroclear, 34 |
|--------|---------------|

|   | event of default, 29 |
|--------|----------------------|

|   | F&E Taxes, 58 |
|--------|-------------------|

|   | Fixed Rate Notes, 33 |
|--------|----------------------|

|   | Floating Rate Notes, 33 |
|--------|-------------------------|

|   | foreign person, 55 |
|--------|--------------------|

|   | Hall Tax, 57 |
|--------|--------------|

|   | hiredrating agency, 60 |
|--------|------------------------|

|   | Implicit Interest Rate, 20 |
|--------|----------------------------|

|   | indenture, 27 |
|--------|---------------|

|   | indenture trustee, 27 |
|--------|-----------------------|

|   | Initial Note Value, 51 |
|--------|------------------------|

|   | investment earnings, 39 |
|--------|-------------------------|

|   | IRS, 54 |
|--------|---------|

|   | issuing entity, 15 |
|--------|--------------------|

|   | Lease Scheduled Payments, 20 |
|--------|------------------------------|

|   | Note Value, 51 |
|--------|----------------|

|   | OID, 55 |
|--------|---------|

|   | OID Regulations, 55 |
|--------|---------------------|

|   | Parties in Interest, 59 |
|--------|-------------------------|

|   | Plan Assets, 59 |
|--------|-----------------|

|   | Plans, 59 |
|--------|-----------|

|   | Pool Balance, 41 |
|--------|------------------|

|   | Principal Balance, 38 |
|--------|-----------------------|

|   | principal distribution account, 39 |
|--------|------------------------------------|

|   | purchase agreement, 37 |
|--------|------------------------|

|   | Purchase Amount, 38 |
|--------|---------------------|

|   | rating agency, 60 |
|--------|-------------------|

|   | receivables, 17 |
|--------|-----------------|

|   | Record Date, 34 |
|--------|-----------------|

|   | related documents, 32 |
|--------|-----------------------|

|   | required rate, 44 |
|--------|-------------------|

|   | Required Yield Supplement Amount, 45 |
|--------|--------------------------------------|

|   | reserve account, 44 |
|--------|---------------------|

|   | sale and servicing agreement, 37 |
|--------|----------------------------------|

|   | Servicer Default, 49 |
|--------|----------------------|

|   | Servicing Fee, 41 |
|--------|-------------------|

|   | Servicing Fee Rate, 41 |
|--------|------------------------|

|   | special tax counsel, 54 |
|--------|-------------------------|

|   | Specified Reserve Account Balance, 44 |
|--------|---------------------------------------|

|   | Spread, 33 |
|--------|------------|

|   | Spread Multiplier, 33 |
|--------|-----------------------|

|   | Static Pool Data, 22 |
|--------|----------------------|

|   | TDOR, 57 |
|--------|----------|

|   | Terms and Conditions, 36 |
|--------|--------------------------|

|   | Total Distribution Amount, 41 |
|--------|-------------------------------|

|   | transfer and servicing agreements, 37 |
|--------|---------------------------------------|

|   | trust, 15 |
|--------|-----------|

|   | trust accounts, 39 |
|--------|--------------------|

|   | trust agreement, 37 |
|--------|---------------------|

|   | trust property, 15 |
|--------|--------------------|

|   | U.S. Finance Lease Portfolio, 22 |
|--------|----------------------------------|

|   | U.S. ISC Portfolio, 22 |
|--------|------------------------|

|   | U.S. Portfolio, 22 |
|--------|--------------------|

|   | UCC, 34 |
|--------|---------|

|   | United States Persons, 54 |
|--------|---------------------------|

|   | yieldsupplement account, 44 |
|--------|-----------------------------|

|   | yieldsupplement agreement, 45 |
|--------|-------------------------------|

|   | yieldsupplement deposit, 45 |
|--------|-----------------------------|

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| This prospectus supplement relates to an effective registration statement under the Securities Act of 1933, but is not complete and may be changed. This prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Issuing Entity        |
|-----------------------|
| Caterpillar Financial | Caterpillar Financial |
| Funding Corporation   | Services Corporation |
| Depositor             | Servicer and Sponsor |

| Before you purchase any of these notes, be sure you understand the structure and the risks. See especially the risk factors beginning on page S-[__] of this prospectus supplement and on page [__] of the accompanying prospectus.These notes are asset-backed securities issued by the issuing entity. The securities are not obligations of Caterpillar Inc., Caterpillar Financial Services Corporation,  as servicer, sponsor or otherwise, Caterpillar Financial Funding Corporation, as depositor or otherwise, or any of their affiliates.No one may use this prospectus supplement to offer and sell these notes unless it is accompanied by the prospectus. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                 | Principal Amount |   | Interest Rate |   | Final Maturity Date |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|--------|---------------|--------|---------------------|
| Class A-1 Notes                                                         | $[_____]         |   | [_____]%      |   | [_____], 20__       |
| Class A-2 Notes                                                         | $[_____]         |   | [_____]%      |   | [_____], 20__       |
| Class A-3 Notes                                                         | $[_____]         |   | [_____]%      |   | [_____], 20__       |
| Class A-4 Notes                                                         | $[_____]         |   | [_____]%      |   | [_____], 20__       |
| Class B Notes                                                           | $[_____]         |   | [_____]%      |   | [_____], 20__       |
| Certificates(1)                                                              | $[_____]         |   | N/A           |   | N/A                 |

| (1) | The certificates are not being offered by this prospectus supplement. |
|-----|-----------------------------------------------------------------------|

|  ·  | The issuing entity will pay interest and principal on the notes on the 25th day of each month or, if any such date is not a business day, on the next succeeding business day. The first distribution date will be [_____], 20__.  |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  ·  | The issuing entity will pay principal sequentially to the earliest maturing class of notes then outstanding until that class is paid in full.  |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| · | The notes are payable solely from the assets of the issuing entity, which consist primarily of a pool of equipment retail installment sale contracts and equipment finance leases. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|               | Initial PublicOffering Price |   | UnderwritingDiscount |   | Proceeds to the Depositor(1) |
|-------------------------|------------------------------|--------|----------------------|--------|------------------------------|
| Per Class A-1 Note | [_____]%                     |   | 0.[___]%             |   | [_____]%                     |
| Per Class A-2 Note | [_____]%                     |   | 0.[___]%             |   | [_____]%                     |
| Per Class A-3 Note | [_____]%                     |   | 0.[___]%             |   | [_____]%                     |
| Per Class A-4 Note | [_____]%                     |   | 0.[___]%             |   | [_____]%                     |
| Per Class B Note   | [_____]%                     |   | 0.[___]%             |   | [_____]%                     |
| Total                   | $[_____]                     |   | $[_____]             |   | $[_____]                     |

| (1) | Before deducting expenses payable by the depositor estimated to be $[_____]. |
|-----|------------------------------------------------------------------------------|

| ·   | Subordination of the Class B Notes and the certificates.  |
|--------------------|----------------------------------------------------------------|

| ·   | Reserve account, with an initial deposit of $[___] and subject to adjustment as described in this prospectus supplement.  |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------|

| ·   | [Additional forms of credit enhancement, if any.] |
|--------------------|---------------------------------------------------|

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| WHERE TO FIND INFORMATION IN THESE DOCUMENTS                                                                                              | S-3  |
|-------------------------------------------------------------------------------------------------------------------------------------------|------|
| SUMMARY OF TRANSACTION PARTIES                                                                                                            | S-4  |
| FLOW OF FUNDS                                                                                                                             | S-5  |
| SUMMARY OF MONTHLY DEPOSITS TO AND WITHDRAWALS FROM ACCOUNTS                                                                              | S-6  |
| SUMMARY OF THE NOTES AND THE TRANSACTION STRUCTURE                                                                                        | S-7  |
| RISK FACTORS                                                                                                                              | S-13 |
| FORMATION OF THE ISSUING ENTITY                                                                                                           | S-17 |
|    The Issuing Entity                                                                                                      | S-17 |
|    Capitalization of the Issuing Entity                                                                                    | S-17 |
|    The Owner Trustee                                                                                                       | S-17 |
| THE DEPOSITOR, CATERPILLAR INC., THE SPONSOR AND SERVICER                                                                                 | S-18 |
|    Caterpillar Inc.                                                                                                        | S-18 |
|    The Sponsor and Servicer                                                                                                | S-18 |
| LEGAL PROCEEDINGS                                                                                                                         | S-18 |
| THE RECEIVABLES POOL                                                                                                                      | S-19 |
|    Delinquencies, Repossessions and Net Losses                                                                             | S-26 |
|    Static Pool Data                                                                                                        | S-28 |
|    Billing and Payment Procedures                                                                                          | S-29 |
|    Custodial Arrangements                                                                                                  | S-29 |
|    Underwriting Standards                                                                                                  | S-29 |
|    Additional Information                                                                                                  | S-29 |
| WEIGHTED AVERAGE LIFE OF THE NOTES                                                                                                        | S-29 |
| AMOUNTS OUTSTANDING ON THE NOTES                                                                                                          | S-34 |
| USE OF PROCEEDS                                                                                                                           | S-34 |
| DESCRIPTION OF THE NOTES                                                                                                                  | S-34 |
|    General                                                                                                                 | S-34 |
|    The Class A-1 Notes                                                                                                     | S-34 |
|    The Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and Class B Notes                                         | S-35 |
|    The Indenture                                                                                                           | S-37 |
| DESCRIPTION OF THE CERTIFICATES                                                                                                           | S-37 |
|    Residual Cash Flows                                                                                                     | S-38 |
| DESCRIPTION OF THE TRANSFER AND SERVICING AGREEMENTS                                                                                      | S-38 |
|    Sale and Assignment of Receivables                                                                                      | S-38 |
|    Accounts                                                                                                                | S-38 |
|    Servicing and Administrative Compensation and Payment of Expenses                                                       | S-38 |
|    Rights Upon Servicer Default                                                                                            | S-39 |
|    Waiver of Past Defaults                                                                                                 | S-39 |
|    Distributions                                                                                                           | S-39 |
|    Reserve Account                                                                                                         | S-44 |
|    [Insert description of additional credit enhancement, if any, and any disclosure required under Item 1114 or Item 1115] | S-45 |
|    Net Deposits                                                                                                            | S-45 |
|    Reports to Noteholders                                                                                                  | S-45 |
|    Amendment                                                                                                               | S-45 |
|    The Indenture Trustee                                                                                                   | S-46 |
|    Communications with Rating Agencies                                                                                     | S-46 |
| CERTAIN LEGAL ASPECTS OF THE RECEIVABLES                                                                                                  | S-46 |
|    Dealer Recourse Receivables                                                                                             | S-46 |
|    Cross-Collateralization                                                                                                 | S-47 |
| LEGAL INVESTMENT                                                                                                                          | S-47 |
| FEDERAL INCOME TAX CONSEQUENCES                                                                                                           | S-47 |
| ERISA CONSIDERATIONS                                                                                                                      | S-48 |
|    Prohibited Transactions                                                                                                 | S-48 |
|    ERISA Status of Notes as Debt                                                                                           | S-49 |
|    Plans Subject to Similar Laws                                                                                           | S-49 |
|    Representation                                                                                                          | S-49 |
| UNDERWRITING                                                                                                                              | S-50 |
| LEGAL OPINIONS                                                                                                                            | S-51 |
| INDEX OF TERMS                                                                                                                            | S-52 |
| ANNEX I  GLOBAL CLEARANCE, SETTLEMENT AND TAX DOCUMENTATION PROCEDURES                                                          | I-1  |
| ANNEX II  STATIC POOL DATA                                                                                                      | II-1 |

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WHERE TO FIND INFORMATION IN THESE DOCUMENTS

| ·   | Summary of the Notes and the Transaction Structure — provides important information concerning the amounts and the payment terms of each class of notes and provides a brief introduction to the key structural features of the issuing entity |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Risk Factors — describes briefly some of the risks to investors of a purchase of the notes |
|--------------------|--------------------------------------------------------------------------------------------------|

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SUMMARY OF TRANSACTION PARTIES

| (1) | This chart provides only a simplified overview of the relationships between the key parties to the transaction. Refer to this prospectus supplement and the accompanying prospectus for a further description of the relationships between the key parties. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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FLOW OF FUNDS

| (1) | This chart provides only a simplified overview of the priority of the monthly distributions.  The order in which funds will flow each month as indicated above is applicable for so long as no event of default has occurred.  For more detailed information or for information regarding the flow of funds upon the occurrence of an event of default, please refer to this prospectus supplement and the accompanying prospectus for a further description. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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SUMMARY OF MONTHLY DEPOSITS TO AND WITHDRAWALS FROM ACCOUNTS

| * | This chart provides only a simplified overview of the monthly flow of funds.  Please refer to this prospectus supplement and the accompanying prospectus for a further description. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   SUMMARY OF THE NOTES AND THE TRANSACTION STRUCTUREThe following summary provides a brief description of certain terms of the notes and this securitization transaction. This summary does not contain all of the information that may be important to you in making your investment decision. To fully understand the terms of the notes and this securitization transaction, you will need to read both this prospectus supplement and the accompanying prospectus, each in its entirety.Issuing Entity Caterpillar Financial Asset Trust 20__-_, a Delaware statutory trust, will issue the notes and certificates and will transfer such notes and certificates to the depositor in return for a pool of receivables consisting of retail installment sale contracts and finance leases secured by new and used equipment. Caterpillar Financial Services Corporation acquired or originated, and will continue to service, the receivables. The issuing entity will rely upon collections on the receivables and the funds on deposit in certain accounts to make payments on the notes. Only the issuing entity will be liable for the payment of the notes. Depositor Caterpillar Financial Funding Corporation.  See "The Depositor, Caterpillar Inc., the Sponsor and Servicer." Servicer and Sponsor Caterpillar Financial Services Corporation — referred to herein as Cat Financial.  See "The Depositor, Caterpillar Inc., the Sponsor and Servicer." Originator Cat Financial, provided that less than 10% of the receivables may have been originated by any one Caterpillar dealer.  See "The Receivables Pools – Origination Process" and "The Receivables Pools – Dealer Agreements" in the accompanying prospectus. Administrator Cat Financial.  See "The Depositor, Caterpillar Inc., the Sponsor and Servicer." Trustees Indenture Trustee —[Name of Indenture Trustee], a [_____] Owner Trustee —[Name of Owner Trustee], a [_____] Offered Notes The issuing entity is offering the following notes pursuant to this prospectus supplement:-  $[_____] Class A-1 [_____]% Asset Backed Notes 
-  $[_____] Class A-2 [_____]% Asset Backed Notes 
-  $[_____] Class A-3 [_____]% Asset Backed Notes 
-  $[_____] Class A-4 [_____]% Asset Backed Notes 
-  $[_____] Class B [_____]% Asset Backed Notes 
The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes are referred to in this prospectus supplement collectively as the Class A Notes. The issuing entity is also issuing $[_____] aggregate principal amount of Asset Backed Certificates. The issuing entity is not offering these certificates pursuant to this prospectus supplement.  The certificates, which represent [__%] of the initial note value of the receivables, will be retained by the depositor or an affiliate for so long as any notes are outstanding. Cut-off Date [_____] 1, 20__. Closing Date The issuing entity expects to issue the notes on or about [_____], 20__. Interest and Principal Distribution Dates On the 25th day of each month (or if the 25th day is not a business day, the next succeeding business day), the issuing entity will pay interest and principal on the notes. Initial Scheduled Distribution Date The initial scheduled distribution date will be [_____], 20__. Record Dates On each distribution date, the issuing entity will pay interest and principal to the holders of record of the notes for that distribution date. The record date for the notes generally will be the last day of the preceding calendar month. Interest Rates The issuing entity will pay interest on each class of notes at the fixed annual rates specified on the cover of this prospectus supplement. Interest Accrual Class A-1 Notes —  "actual/360," accrued from and including the prior distribution date to but excluding the current distribution date. This means that, if there are no outstanding shortfalls in the payment of interest, the interest due on each distribution date will be the product of:  |
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|      1.   the outstanding principal balance;     2.   the interest rate; and     3.   the actual number of days elapsed during the period from and including the preceding distribution date (or, in the case of the first distribution date, from and including the closing date) to but excluding the current distribution date divided by 360. All Other Classes of Notes — "30/360," accrued from and including the 25th day of the previous month (or, in the case of the first distribution date, from and including the closing date) to but excluding the 25th day of the current month (assuming each month has 30 days). This means that, if there are no outstanding shortfalls in the payment of interest, the interest due on each distribution date will be the product of:     1.  the outstanding principal balance;     2.  the interest rate; and     3.  30 (or in the case of the first distribution date, [__]) divided by 360. For a more detailed description of the payment of interest, you should refer to the sections of this prospectus supplement entitled "Description of the Notes — The Class A-1 Notes — Payments of Interest" and "— The Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes — Payments of Interest." Sequential Principal Payments The issuing entity generally will pay principal sequentially to the earliest maturing class of notes then outstanding until that class of notes is paid in full. For a more detailed description of the payment of principal, you should refer to the sections of this prospectus supplement entitled "Description of the Notes — The Class A-1 Notes — Payments of Principal" and "— The Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes — Payments of Principal." Transfer of Receivables Caterpillar Financial Funding Corporation, the depositor, will purchase certain receivables acquired or originated by Cat Financial consisting of retail installment sale contracts and finance leases secured by new and used equipment, and then will sell receivables with an aggregate contract balance of $[_____] as of [_____] 1, 20__ to the issuing entity on the closing date in exchange for the securities. For a more detailed description of the transfer of receivables, you should refer to "Description of the Transfer and Servicing Agreements" in this prospectus supplement and in the accompanying prospectus. Property of the Issuing Entity The property of the issuing entity will include the following:-  the receivables and the collections on the receivables; 
-  security interests in the equipment financed by the receivables; 
-  bank accounts; 
-  rights to proceeds under insurance policies that cover the obligors under the receivables or the equipment financed by the receivables; 
-  proceeds of repossessed equipment and returned equipment; 
-  remedies for breaches of representations and warranties made by Caterpillar dealers that originated the receivables; and 
-  other rights under documents relating to the receivables. 
Composition of the Receivables The composition of the receivables as of [_____] 1, 20__ is as follows: Aggregate Contract Balance(1)......$[_____]Note Value of the Receivables(2)...$[_____]  Number of Receivables.....................[_____]Average Contract Balance. ...........$[_____](Range)..............................................$[_____] to $[_____]Weighted Average APR..................[_____]%(Range).............................................$[_____]% to $[_____]% Weighted AverageOriginal Term.....................................[_____] months(Range)...............................................[_____] months to [_____] monthsWeighted AverageRemaining Term.................................[_____] months(Range)(3)............................................[_____] months to [_____] months (1)    For a description of the calculation of the contract balances of the receivables, you should refer to "The Receivables Pool" in this prospectus supplement. (2)  For a description of the calculation of the note value of the receivables, you should refer to "Description of the Transfer and Servicing Agreements — Distributions" in this prospectus supplement. (3)  Based on scheduled payments and assuming no prepayments of the receivables. For a more detailed description of the receivables, you should refer to "The Receivables Pool" in this prospectus supplement and "The Receivables Pools" in the accompanying prospectus.  |
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|   Servicing and Administration of the Receivables The servicer will service the receivables and will receive a servicing fee equal to [1/12 of __% of the note value of the receivables at the beginning of the previous month, to the extent not retained by the servicer]. In addition to the servicing fee, the servicer will be entitled to additional servicing compensation equal to any late, extension, and other administrative fees and expenses collected during each month and certain reinvestment earnings on payments received on the receivables, as more fully described under "Description of the Transfer and Servicing Agreements" in this prospectus supplement and in the accompanying prospectus.  The servicer will receive the servicing fee (from amounts collected on the receivables) on or before each distribution date and before any distributions will be made to the holders of the notes for that distribution date. The administrator will administer the issuing entity and will receive an administration fee equal to $[___] per month for its services, as more fully described under "Description of the Transfer and Servicing Agreements" in this prospectus supplement and in the accompanying prospectus.  The administrator will receive the administration fee (from amounts collected on the receivables) on or before each distribution date and before any distributions will be made to the holders of the notes for that distribution date. For a more detailed description of the servicing and administration of the receivables, you should refer to "Description of the Transfer and Servicing Agreements" in  this prospectus supplement and in the accompanying prospectus. Priority of Distributions From collections on the receivables during the prior calendar month and amounts withdrawn from the reserve account so long as no event of default has occurred and is continuing and the maturity of the notes has not been accelerated, the issuing entity generally will pay the following amounts on each distribution date in the following order of priority:     (1)   Servicing Fee — the servicing fee payable to the servicer;     (2)   Administration Fee — the administration fee payable to the administrator;     (3)   Class A Note Interest — interest due on all the Class A Notes ratably to each class of the Class A Notes;     (4)   First Allocation of Principal — to the principal distribution account, an amount, if any, generally equal to the excess of (x) the principal balances of the Class A Notes over (y) the note value of the receivables;     (5)   Class B Interest — interest due on the Class B Notes to the holders of the Class B Notes;     (6)   Second Allocation of Principal — to the principal distribution account, an amount, if any, generally equal to the excess of (x) the principal balances of the notes over (y) the note value of the receivables. This amount will be reduced by any amount deposited in the principal distribution account pursuant to clause (4) above;     (7)   Reserve Account Deposit — subject to the limitations described in this prospectus supplement under "Description of the Transfer and Servicing Agreements — Distributions — Monthly Withdrawals from Collection Account," to the reserve account, an amount equal to the excess, if any, of (x) the required balance of the reserve account over (y) the balance of the reserve account;     (8)   Regular Principal Allocation — if any notes are still outstanding, to the principal distribution account, an amount equal to the excess of (x) the sum of the principal balances of the notes and the certificates over (y) the note value of the receivables. This amount will be reduced by any amounts previously deposited to the principal distribution account pursuant to clauses (4) and (6) above;     (9)   Indenture Trustee and State Taxes — pro rata, to the indenture trustee, all unpaid indenture trustee's fees and expenses, and to the issuing entity, the amount of any state taxes payable by the issuing entity; and     (10)   Certificate Distributions — to the certificate distribution account, any amounts remaining after the above distributions. For a description of the priority of distributions after the occurrence of an event of default under the indenture and acceleration of the notes, you should refer to "Description of the Transfer and Servicing Agreement — Distributions" in this prospectus supplement. Note Value. The note value of the receivables generally is the present value of the aggregate of the scheduled and unpaid payments due on the receivables, discounted on a monthly basis at [_____]% per annum.  The initial note value of the receivables as of [_____], 20[__] is $[_____]. For a more detailed description of the calculation of "note value," you should refer to "Description of the Transfer and Servicing Agreements — Distributions" in this prospectus supplement. Distributions from the Principal Distribution Account From deposits made to the principal distribution account, so long as no event of default under the indenture has occurred and is continuing and the maturity of the notes has not been accelerated, the issuing entity will pay principal on the securities in the following order of priority:     (1)   to the Class A-1 Notes until they are paid in full;  |
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|      (2)   to the Class A-2 Notes until they are paid in full;     (3)   to the Class A-3 Notes until they are paid in full;     (4)   to the Class A-4 Notes until they are paid in full;     (5)   to the Class B Notes until they are paid in full; and     (6)   to the certificate distribution account, any funds remaining. For a more detailed description of the priority of distributions and the allocation of funds on each distribution date, you should refer to "Description of the Transfer and Servicing Agreements — Distributions" in this prospectus supplement. Change in Priority of Distribution upon Certain Events of Default If an event of default under the indenture occurs, the order of priority for distributions will change.-  Following the occurrence of an event of default relating to: 
    1.    default in the payment of principal or     2.    default for five days or more in the payment of interest on any class of notes which has resulted in an acceleration of the notes,     the issuing entity will make no distributions of principal or interest on the Class B Notes until payment in full of principal and interest on the Class A Notes.-  Following the occurrence of any other event of default which has resulted in an acceleration of the notes, the issuing entity will continue to pay interest on the Class A Notes and interest on the Class B Notes on each distribution date prior to paying principal on the Class A Notes on that distribution date. 
For a more detailed description of events of default and rights of investors following an event of default, you should refer to "Description of the Notes — The Indenture — Events of Default; Rights upon Event of Default" in this prospectus supplement and in the accompanying prospectus. For a more detailed description of the priority of distributions and allocation of funds following an event of default, you should refer to "Descriptions of the Transfer and Servicing Agreements — Distributions" in this prospectus supplement. Credit Enhancement The credit enhancement provides protection for the Class A Notes and the Class B Notes against losses and delays in payment. Losses on the receivables or other shortfalls of cash flow will be covered by withdrawals from the reserve account and by allocation of available cash flow to the more senior classes of securities prior to more subordinate classes. The credit enhancement for the notes will be as follows: Class A Notes   Subordination of the Class B Notes and the certificates and the reserve account.Class A Notes   Subordination of the certificates and the reserve account. Subordination of Principal and Interest As long as the Class A Notes remain outstanding, (1) payments of interest on the Class B Notes will be subordinated to payments of interest on the Class A Notes and, in some circumstances, allocations to principal and (2) payments of principal on the Class B Notes will be subordinated to payments of interest and principal on the Class A Notes. For a more detailed discussion of the subordination of the notes and certificates and the priority of distributions, including changes after certain events of default, you should refer to "Description of the Transfer and Servicing Agreements — Distributions" and "Description of the Notes — The Indenture — Events of Default; Rights upon Event of Default" in this prospectus supplement. Reserve Account On the closing date, the depositor will deposit $[_____], which is equal to [_____]% of the initial note value of the receivables, to the reserve account. On each distribution date, if collections on the receivables during the related collection period are insufficient to pay the first six items listed in "Priority of Distributions" above, the indenture trustee will withdraw funds from the reserve account to pay any amounts owing in respect of these six items. On and after the final maturity date for any class of notes, if any principal amount of that class remains outstanding, the indenture trustee will withdraw funds from the reserve account to repay that class of notes in full. The balance required to be on deposit in the reserve account on any distribution date will generally be the lesser of —-  the outstanding principal balance of the notes; and 
-  [___]% of the initial note value of the receivables; provided, however, that, as more fully described in this prospectus supplement in the definition of "Specified Reserve Account Balance", the balance required to be on deposit in the reserve account on the distribution date in [_____] 20__ and thereafter may decrease based on the favorable performance of the receivables as measured at predetermined intervals. 
On each distribution date, subject to the limitations described in this prospectus supplement under "Description of the Transfer and Servicing Agreements — Distributions — Monthly Withdrawals from Collection Account," the issuing entity will deposit into the reserve account, collections on the   |
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|   receivables remaining after the first six items listed in "Priority of Distributions" above are satisfied in an amount equal to the excess, if any, of (x) the balance required to be on deposit in the reserve account over (y) the balance of the reserve account. On each distribution date, the issuing entity will deposit in the certificate distribution account any funds on deposit in the reserve account in excess of the required balance. For a more detailed description of the deposits to and withdrawals from the reserve account, you should refer to "Description of the Transfer and Servicing Agreements — Reserve Account" in this prospectus supplement. [Insert description of additional forms of credit enhancement, if any, and disclosure required under Items 1114 or 1115] Optional Prepayment The servicer has the option to purchase the receivables on any distribution date on which:-  the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes have been paid in full; and 
-  the note value of the receivables is 10% or less of the initial note value of the receivables. 
The purchase price for the receivables will be at least equal to the outstanding principal balance of the notes plus accrued and unpaid interest thereon. The issuing entity will apply this payment to prepay the notes in full. Final Maturity Dates The issuing entity is required to pay the outstanding principal amount of each class of notes, to the extent not previously paid, in full on the final maturity date specified on the cover page of this prospectus supplement for each class. Ratings It is a condition to the issuance of the notes that the:-  Class A-1 Notes be rated in the highest short-term rating category by at least two nationally recognized statistical rating organizations (each a "rating agency"); 
-  each of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes be rated in the highest long-term rating category by at least two rating agencies; and 
-  Class B Notes be rated at least "[___]" by at least two rating agencies. 
A rating is not a recommendation to purchase, hold or sell the notes, inasmuch as a rating does not comment as to market price or suitability for a particular investor. The ratings address the likelihood of the timely payment of interest on, and the ultimate repayment of principal on, the notes.  A rating is based on each rating agency's independent evaluation of the receivables and the availability of any credit enhancement for the notes.  A rating, or a change or withdrawal of a rating, by one rating agency will not necessarily correspond to a rating, or a change or a withdrawal of a rating, from any other rating agency.  If a rating agency lowers its rating of the notes, no one is obligated to provide additional credit enhancement or to restore the original rating. See “Risk Factor — The Issuance of a Lower Rating or a Change or Withdrawal of an Initial Rating May Reduce the Market Value of Your Notes” in this prospectus supplement. Minimum Denominations $1,000 and integral multiples thereof. Registration, Clearance and Settlement Class A Notes                       DTC/Clearstream/Euroclear Class B Notes                       DTC Deemed Representations from Purchasers of the Class B Notes If you purchase Class B Notes, you (and anyone to whom you assign or sell the Class B Notes) shall be deemed to represent that you are a U.S. Person. Tax Status Opinions of Counsel Orrick, Herrington & Sutcliffe LLP will deliver its opinion that for federal income tax purposes the:-  Class A Notes will be characterized as debt; 
-  Class B Notes should be characterized as debt; and 
-  issuing entity will not be characterized as an association (or a publicly traded partnership) taxable as a corporation. 
Bradley Arant Boult Cummings LLP, special Tennessee tax counsel, will deliver its opinion that the:-  notes owned by corporate investors will have the same tax characteristics for Tennessee income tax purposes as for federal income tax purposes; and 
-  issuing entity should not be subject to taxation in Tennessee. 
See "Summary — Tax Status" and "Federal Income Tax Consequences" and "Certain State Tax Considerations" in the prospectus. Investor Representations If you purchase the notes, you agree by your purchase that you will treat the notes as indebtedness. Investment Restrictions The Class B Notes may be purchased by U.S. Persons only.  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

|   If you are considering purchasing Class B Notes, you should refer to "Federal Income Tax Consequences" in this prospectus supplement and in the accompanying prospectus and "Annex I — Global Clearance, Settlement and Tax Documentation Procedures" in this prospectus supplement for more details. You should refer to "Federal Income Tax Consequences" in this prospectus supplement and the accompanying prospectus for more information. ERISA Considerations The notes are generally eligible for purchase by persons investing assets of employee benefit plans or individual retirement accounts, subject to important considerations.  Each purchaser and subsequent transferee of a note will be deemed to have made certain representations and warranties regarding its status and the effect of its purchase and holding of the notes under ERISA, Section 4975 of the Code or any applicable similar law. You should refer to "ERISA Considerations" in this prospectus supplement and in the accompanying prospectus for more information. Eligibility of Notes for Purchase by Money Market Funds The Class A-1 Notes are structured to be eligible for purchase by money market funds under Rule 2a-7 under the Investment Company Act of 1940, as amended. A money market fund should consult its legal advisors regarding the eligibility of the Class A-1 Notes under Rule 2a-7 and whether an investment by the money market fund in the Class A-1 Notes satisfies the money market fund's investment policies and objectives. CUSIP Numbers-  Class A-1 Notes: [_____] 
-  Class A-2 Notes: [_____] 
-  Class A-3 Notes: [_____] 
-  Class A-4 Notes: [_____] 
-  Class B Notes: [_____] 
  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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RISK FACTORS

| The absence of a secondary market for the notes could limit your ability to sell the notes                                                                         | The absence of a secondary market for the notes could limit your ability to sell your notes. This means that if in the future you decide to sell any of these notes before they mature, you may be unable to find a buyer or, if you find a buyer, the selling price may be less than it would have been if a market existed for the notes. There currently is no secondary market for the notes. The underwriters for the notes expect to make a market in the notes but will not be obligated to do so. There is no assurance that a secondary market for the notes will develop. If a secondary market for the notes does develop, it might end at any time or it might not be sufficiently liquid to enable you to sell any of your notes.  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| The notes may suffer losses because the source of funds for payments on the notes is limited to the assets of the issuing entity                                   | The only source of funds for payments on the notes will be the assets of the issuing entity. You may suffer a loss on your notes if the assets of the issuing entity are insufficient to pay fully their principal amount. The notes are obligations solely of the issuing entity and will not be insured or guaranteed by Caterpillar Inc., Cat Financial or Caterpillar Financial Funding Corporation, including in their capacities as servicer and depositor, the indenture trustee, the owner trustee, or any other person or entity. Consequently, you must rely for payment of your notes upon payments on the receivables, and, to the extent available, funds on deposit in the reserve account.                                  |
|                                                                                                                                                                    | The indenture authorizes the indenture trustee to sell the receivables following an acceleration of the maturity dates of the notes. However, the amount received by the indenture trustee upon selling the receivables may be less than the aggregate principal amount of the outstanding notes. In this circumstance, the principal amount of the notes will not be paid in full.                                                                                                                                                                                                                                                                                                                                                             |
| The Class B Notes are subject to a greater risk of loss than the Class A Notes because the Class B Notes are subordinate to the Class A Notes  | The Class B Notes bear greater risk than the Class A Notes because payments of interest and principal on the Class B Notes are subordinated, to the extent described below, to payments of interest and principal on the Class A Notes. Interest payments on the Class B Notes on each distribution date will be subordinated to —                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                    | · servicing fees due to the servicer;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                    | · administration fees due to the administrator;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                    | · interest payments on the Class A Notes; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                                                                                                                    | · an allocation of principal payments to the Class A Notes to the extent the sum of the principal balances of the Class A Notes exceeds the note value of the receivables.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                    | For a more detailed description, see "Description of the Transfer and Servicing Agreements — Distributions" in this prospectus supplement. The payment order changes following certain events of default. See "Description of the Notes — The Indenture — Events of Default; Rights Upon Event of Default" in this prospectus supplement. Principal payments on the Class B Notes will be fully subordinated to principal payments on the Class A Notes. No principal will be paid on the Class B Notes until the Class A Notes have been paid in full.                                                                                                                                                   |

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| The Class B Notes may suffer losses following an event of default under the indenture because the order of priority of payments may change to further subordinate the Class B Notes and the rights of the holders of the Class B Notes to direct the indenture trustee will be subordinate to the rights of the holders of the Class A Notes  | Following the occurrence of a default in the payment of principal or default for five days or more in the payment of interest on any note which has resulted in an acceleration of the notes, the issuing entity will not make any distributions of principal or interest on the Class B Notes until payment in full of principal and interest on the Class A Notes.If the maturity dates of the notes are accelerated following the occurrence of an event of default, the indenture trustee — acting at the direction of the holders of a majority in outstanding principal amount of the Class A Notes — may sell the receivables and prepay the notes. The holders of the Class B Notes will not have any right to direct the indenture trustee or to consent to any action until the Class A Notes are paid in full. See "Description of the Notes — The Indenture — Events of Default; Rights Upon Event of Default" in this prospectus supplement and in the accompanying prospectus.                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                   | If principal is repaid to you earlier than expected as a result of an acceleration of the maturity dates of the notes, you may not be able to reinvest the prepaid amount at a rate of return that is equal to or greater than the rate of return on your notes. You also may not be paid the full principal amount of your notes if the assets of the issuing entity are insufficient to pay the full aggregate principal amount of your notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| The Class B Notes may suffer losses because the right of the holders of the Class B Notes to control actions of the indenture trustee is subordinate to the rights of the holders of the Class A Notes to control actions of the indenture trustee                                                                                                 | Because the issuing entity has pledged the property of the issuing entity to the indenture trustee to secure payment on the notes, the indenture trustee — acting at the direction of the holders of a majority in outstanding principal amount of the Class A Notes — has the power to take certain actions in connection with the property of the issuing entity until the Class A Notes have been paid in full. Furthermore, the holders of not less than 25% of the outstanding principal balance of the Class A Notes, or the indenture trustee acting on behalf of the holders of Class A Notes, under some circumstances, have the right to terminate the servicer as the servicer of the receivables without consideration of the effect that termination would have on the holders of Class B Notes. The holders of Class B Notes will not have the ability to remove the servicer until the Class A Notes have been paid in full. In addition, the holders of more than 50% of the outstanding principal amount of the Class A Notes will have the right to waive certain events of default with respect to the servicer, without consideration of the effect that waiver would have on the holders of Class B Notes. See "Description of the Transfer and Servicing Agreements — Rights Upon Servicer Default" and "— Waiver of Past Defaults" in this prospectus supplement and in the accompanying prospectus.  |
| Investment in the notes presents risksthat are not addressed by the ratings                                                                                                                                                                                                                                                                                       | It is a condition to the issuance of the notes that the Class A-1 Notes be rated in the highest short-term investment rating category and that the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes be rated in the highest long-term investment rating category by at least two rating agencies and that the Class B Notes be rated at least "[__]" by at least two rating agencies. The ratings of the notes address the likelihood of the timely payment of interest on and the ultimate payment of principal of the notes pursuant to their terms. You should not view the ratings on any class of notes as a recommendation to purchase, hold or sell that class of notes because these ratings do not comment as to the market price for those notes or their suitability for you. Furthermore, a rating agency may qualify, lower or withdraw its rating in the future, in its discretion.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| The issuance of a lower rating or a change or withdrawal of an initial rating may reduce the market value of your notes          | As described under "Ratings" in the accompanying prospectus, the depositor will engage two rating agencies to assign ratings in connection with the initial issuance of your notes.  Another rating agency could rate your notes.  A rating on your notes by another rating agency, if assigned, could be lower than the ratings assigned to your notes by the rating agencies engaged by the depositor. The depositor will pay a fee to two rating agencies to assign the initial credit ratings to the notes. The Securities and Exchange Commission has said that being paid by the sponsor, depositor, issuer or an initial purchaser to issue or maintain a credit rating on asset-backed securities creates a conflict of interest for rating agencies, and that this conflict is particularly acute because arrangers of asset- backed securities transactions provide repeat business to such rating agencies. The depositor has not requested a rating of the notes by any other rating agency. However, other nationally recognized statistical rating organizations (“NRSROs”) may assign their own ratings to any class or classes of notes at any time, even prior to the closing date.  NRSROs have different methodologies, criteria, models and requirements, which may result in ratings that are lower than those assigned by the rating agencies. Depending upon the level of the ratings assigned, what NRSROs are involved, what their stated reasons are for assigning a lower rating, and other factors, if an NRSRO issues a lower rating, the liquidity and market value of the particular class or classes of notes could be materially and adversely affected. In addition, the mere possibility that such a rating could be issued may affect price levels in any secondary market that may develop. Any rating on your notes may be changed or withdrawn by the assigning rating agency after the notes are issued.  There is no assurance that a rating will remain for any given period of time, that a rating agency or other NRSRO rating your notes will not lower or withdraw its rating if in its judgment circumstances in the future so warrant, or that notice of such lowering, qualification or withdrawal will be provided to you. The issuance of a rating by another NRSRO that is lower than the initial ratings described in this prospectus supplement or a rating downgrade or withdrawal by any rating agency or NRSRO may reduce the price that a subsequent purchaser will be willing to pay for your notes.  |
|----------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Geographic concentration of the states of the obligors of the receivables may increase the  risk of loss on your notes | As of [_____] 1, 20__, Cat Financial's records indicate that the addresses of the obligors of the receivables were most highly concentrated in the following states:                     Percentage of                     aggregate                    cut-off date                contract balance[State 1]          [___]%[State 2]          [___]%[State 3]          [___]%[State 4]          [___]%[State 5]          [___]%No other state, based on the addresses of the obligors, accounted for more than [__.00]% of the aggregate contract balance of the receivables as of [_____] 1, 20__. Economic conditions or other factors affecting these states in particular could adversely affect the delinquency, credit loss, repossession or prepayment experience of the issuing entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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| Lack of liquidity in the secondary market may adversely affect your notes | The secondary market for asset-backed securities is experiencing significantly reduced liquidity. This period of illiquidity may continue and may adversely affect the market value of your notes. See "Risk Factors — The absence of a secondary market for the notes could limit your ability to sell the notes" in this prospectus supplement.                                                                |
|---------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Financial Regulatory Reforms                                              | The impact of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) on Cat Financial and the depositor remains uncertain, since rules and regulations required under the Dodd-Frank Act have yet to be implemented. Any final regulation that imposes significant costs or restrictions on Cat Financial or the depositor may adversely affect the notes.  |

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FORMATION OF THE ISSUING ENTITY

The Issuing Entity

| ·   | acquiring, owning and managing the receivables and the other assets of the issuing entity and proceeds from those assets; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|

| ·   | issuing and making payments on the notes; |
|--------------------|-------------------------------------------|

| ·   | issuing and making payments on certificates; and |
|--------------------|--------------------------------------------------|

| ·   | engaging in other activities that are necessary, suitable or convenient to accomplish any of the purposes listed above or are incidental to those activities. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

Capitalization of the Issuing Entity

| Class A-1 [_____]% Asset Backed Notes                        | $[_____] |
|-------------------------------------------------------------------|----------|
| Class A-2 [_____]% Asset Backed Notes                        | $[_____] |
| Class A-3 [_____]% Asset Backed Notes                        | $[_____] |
| Class A-4 [_____]% Asset Backed Notes                        | $[_____] |
| Class B [_____]% Asset Backed Notes                          | $[_____] |
| Asset Backed Certificates                                         | $[_____] |
|           Total | $[_____] |

The Owner Trustee

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Table of Contents

THE DEPOSITOR, CATERPILLAR INC., THE SPONSOR AND SERVICER

Caterpillar Inc.

The Sponsor and Servicer

| ·   | Tax leases that are classified as either operating or finance leases for financial accounting purposes, depending on the characteristics of the lease. For tax purposes, Cat Financial is considered the owner of the equipment ([__]%). |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Finance (non-tax) leases where the lessee for tax purposes is considered the owner of the equipment during the term of the lease and that either require or allow the customer to purchase the equipment for a fixed price at the end of the term ([__]%). |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Installment sale contracts, which are equipment loans that enable customers to purchase equipment with a down payment or trade-in and structure payments over time ([__]%). |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Governmental lease-purchase plans in the U.S. that offer low interest rates and flexible terms to qualified non-federal government agencies ([__]%). |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Loans that allow customers and dealers to use Caterpillar equipment or other assets as collateral to obtain financing ([__]%). |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------|

| ·   | Inventory/rental programs which provide assistance to dealers by financing their new Caterpillar inventory and rental fleets ([__]%). |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Short-term dealer receivables purchased from Caterpillar Inc. at a discount ([__]%). |
|--------------------|--------------------------------------------------------------------------------------|

LEGAL PROCEEDINGS

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THE RECEIVABLES POOL

| ·   | has a stated maturity of not earlier than [_____] 20__ or later than [_____] 20__; |
|--------------------|------------------------------------------------------------------------------------|

| ·   | has an APR of at least [___]%; and |
|--------------------|------------------------------------|

| ·   | is not more than 31 days past due as of the cut-off date. |
|--------------------|-----------------------------------------------------------|

|                       | Aggregate ContractBalance |   | Number of Receivables |   | Weighted Average APR (Range) |   | Weighted Average Original Term (Range in Months) |   | Weighted Average Remaining Term (Range in Months) (2) |   | Average ContractBalance (Range) |   |
|----------------------------|---------------------------|--------|-----------------------|--------|------------------------------|--------|--------------------------------------------------|--------|------------------------------------------------------------|--------|---------------------------------|--------|
| Installment Sale Contracts |  $                   |   |                  |   | $ % ( % to %)                |   | (to)                                             |   |  (to)                                                 |   | $ ($ to $)                      |   |
| Leases                     |                      |   |                  |   | % (% to %)                   |   | (to)                                             |   |  (to)                                                 |   | $ ($ to $)                      |   |
| Total                      |  $                   |   |                  |   | %                            |   |                                             |   |                                                       |   | $                               |   |

|   | (1) | Some of the columns in the table may not sum to the total, due to rounding. |
|--------|-----|-----------------------------------------------------------------------------|

|   | (2) | Based on scheduled payments and assuming no prepayments of the receivables. |
|--------|-----|-----------------------------------------------------------------------------|

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| APR Range(1)                 |   | Number ofReceivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(2) |
|------------------------------|--------|----------------------|--------|---------------------------|--------|-----------------------------------------|
| % -   %       |   |                 |   | $                         |   | %                                       |
| % -    % |   |                 |   |                      |   |                                    |
| % -   %       |   |                 |   |                      |   |                                    |
| % -   %       |   |                 |   |                      |   |                                    |
| % -   %       |   |                 |   |                      |   |                                    |
| % -   %       |   |                 |   |                      |   |                                    |
| % -   %       |   |                 |   |                      |   |                                    |
| % -   %       |   |                 |   |                      |   | *                                       |
| % - %                        |   |                 |   |                      |   | *                                       |
| % - %                        |   |                 |   |                      |   | *                                       |
| % and higher                 |   |                 |   |                      |   | *                                       |
| Total                        |   |                 |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Cat Financial, in conjunction with Caterpillar Inc. and its subsidiaries, periodically offers below market rate financing to purchasers under merchandising programs. At the outset of a subsidized transaction, Caterpillar Inc. remits to Cat Financial an amount equal to the interest differential.  The APR indicated for any receivable does not take into account, and the issuing entity does not have an interest in, any of those amounts remitted to Cat Financial by Caterpillar Inc. with respect to these receivables. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

|   |  * | Indicates a number less than 0.1% but greater than zero. |
|--------|---------|----------------------------------------------------------|

|              | Number of Receivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(2) |
|------------------------|-----------------------|--------|---------------------------|--------|-----------------------------------------|
| New Equipment(1)  |                  |   | $                         |   | %                                       |
| Used Equipment         |                  |   |                      |   |                                    |
| Total                  |                  |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Units not previously delivered or sold; rental units of less than 12 months and 1,000 service meter hours; and units of the current or previous model year and serial number. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

| Type             |   | Number of Receivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(1) |
|------------------|--------|-----------------------|--------|---------------------------|--------|-----------------------------------------|
| Lift Truck       |   |                  |   | $                         |   | %                                       |
| Machine(2)  |   |                  |   |                      |   |                                    |
| Total            |   |                  |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

|   | (2) | Includes Construction Equipment and Paving Equipment. |
|--------|-----|-------------------------------------------------------|

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Table of Contents

| Industry                          |   | Number of Receivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(1) |
|-----------------------------------|--------|-----------------------|--------|---------------------------|--------|-----------------------------------------|
| Agriculture, Fishing and Forestry |   |                  |   | $                         |   | %                                       |
| Construction                      |   |                  |   |                      |   |                                    |
| Manufacturing                     |   |                  |   |                      |   |                                    |
| Mining                            |   |                  |   |                      |   |                                    |
| Transportation/Public Utilities   |   |                  |   |                      |   |                                    |
| Wholesale Trade                   |   |                  |   |                      |   |                                    |
| Other(2)                     |   |                  |   |                      |   |                                    |
| Total                             |   |                  |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

|   | (2) | Other includes Retail, Financial, Insurance and Real Estate, Services and Public Administration. |
|--------|-----|--------------------------------------------------------------------------------------------------|

|  Type                                                                                                                                                                                                                                                                                                                                                                                                                     |   | Number of Receivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(1) |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|--------|---------------------------|--------|-----------------------------------------|
| Monthly Payments                                                                     |   |                  |   | $                         |   | %                                       |
| Variable Frequency                                                                   |   |                  |   |                      |   |                                    |
| Total                                                                                |   |                  |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

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Table of Contents

|  Remaining Contract Balance Range |   | Number of Receivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(1) |
|----------------------------------------|--------|-----------------------|--------|---------------------------|--------|-----------------------------------------|
| Up to $25,000                          |   |                  |   | $                         |   | %                                       |
| $25,001 to $50,000                     |   |                  |   |                      |   |                                    |
| $50,001 to $75,000                     |   |                  |   |                      |   |                                    |
| $75,001 to $100,000                    |   |                  |   |                      |   |                                    |
| $100,001 to $125,000                   |   |                  |   |                      |   |                                    |
| $125,001 to $150,000                   |   |                  |   |                      |   |                                    |
| $150,001 to $175,000                   |   |                  |   |                      |   |                                    |
| $175,001 to $200,000                   |   |                  |   |                      |   |                                    |
| $200,001 to $250,000                   |   |                  |   |                      |   |                                    |
| $250,001 to $300,000                   |   |                  |   |                      |   |                                    |
| $300,001 to $350,000                   |   |                  |   |                      |   |                                    |
| $350,001 to $400,000                   |   |                  |   |                      |   |                                    |
| $400,001 to $450,000                   |   |                  |   |                      |   |                                    |
| $450,001 to $500,000                   |   |                  |   |                      |   |                                    |
| $500,001 to $550,000                   |   |                  |   |                      |   |                                    |
| $550,001 to $600,000                   |   |                  |   |                      |   |                                    |
| $600,001 to $1,000,000                 |   |                  |   |                      |   |                                    |
| Over $1,000,000                        |   |                  |   |                      |   |                                    |
| Total                                  |   |                  |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

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Table of Contents

|  State(1)       |   | Number of Receivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(2) |
|----------------------|--------|-----------------------|--------|---------------------------|--------|-----------------------------------------|
| Alabama              |   |                  |   | $                         |   | %                                       |
| Alaska               |   |                  |   |                      |   |                                    |
| Arizona              |   |                  |   |                      |   |                                    |
| Arkansas             |   |                  |   |                      |   |                                    |
| California           |   |                  |   |                      |   |                                    |
| Colorado             |   |                  |   |                      |   |                                    |
| Connecticut          |   |                  |   |                      |   |                                    |
| Delaware             |   |                  |   |                      |   |                                    |
| District of Columbia |   |                  |   |                      |   |                                    |
| Florida              |   |                  |   |                      |   |                                    |
| Georgia              |   |                  |   |                      |   |                                    |
| Hawaii               |   |                  |   |                      |   |                                    |
| Idaho                |   |                  |   |                      |   |                                    |
| Illinois             |   |                  |   |                      |   |                                    |
| Indiana              |   |                  |   |                      |   |                                    |
| Iowa                 |   |                  |   |                      |   |                                    |
| Kansas               |   |                  |   |                      |   |                                    |
| Kentucky             |   |                  |   |                      |   |                                    |
| Louisiana            |   |                  |   |                      |   |                                    |
| Maine                |   |                  |   |                      |   |                                    |
| Maryland             |   |                  |   |                      |   |                                    |
| Massachusetts        |   |                  |   |                      |   |                                    |
| Michigan             |   |                  |   |                      |   |                                    |
| Minnesota            |   |                  |   |                      |   |                                    |
| Mississippi          |   |                  |   |                      |   |                                    |
| Missouri             |   |                  |   |                      |   |                                    |
| Montana              |   |                  |   |                      |   |                                    |
| Nebraska             |   |                  |   |                      |   |                                    |
| Nevada               |   |                  |   |                      |   |                                    |
| New Hampshire        |   |                  |   |                      |   |                                    |
| New Jersey           |   |                  |   |                      |   |                                    |
| New Mexico           |   |                  |   |                      |   |                                    |
| New York             |   |                  |   |                      |   |                                    |
| North Carolina       |   |                  |   |                      |   |                                    |
| North Dakota         |   |                  |   |                      |   |                                    |
| Ohio                 |   |                  |   |                      |   |                                    |
| Oklahoma             |   |                  |   |                      |   |                                    |
| Oregon               |   |                  |   |                      |   |                                    |
| Pennsylvania         |   |                  |   |                      |   |                                    |
| Rhode Island         |   |                  |   |                      |   |                                    |
| South Carolina       |   |                  |   |                      |   |                                    |
| South Dakota         |   |                  |   |                      |   |                                    |
| Tennessee            |   |                  |   |                      |   |                                    |
| Texas                |   |                  |   |                      |   |                                    |
| Utah                 |   |                  |   |                      |   |                                    |
| Vermont              |   |                  |   |                      |   |                                    |
| Virginia             |   |                  |   |                      |   |                                    |
| Washington           |   |                  |   |                      |   |                                    |
| West Virginia        |   |                  |   |                      |   |                                    |
| Wisconsin            |   |                  |   |                      |   |                                    |
| Wyoming              |   |                  |   |                      |   |                                    |
| Total                |   |                  |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Based on billing addresses of the related obligors. |
|--------|-----|-----------------------------------------------------|

|   | (2) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

|   |  * | Indicates a number less than 0.1% but greater than zero. |
|--------|---------|----------------------------------------------------------|

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|  Manufacturer                                                                                                                                                                                                                                                                                                                                                                                                    |   | Number ofReceivables |   | Aggregate ContractBalance |   | Percent of AggregateContract Balance(1) |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|--------|---------------------------|--------|-----------------------------------------|
| Caterpillar Inc                                                                  |   |                 |   | $                         |   | %                                       |
| Mitsubishi Caterpillar Forklift America Inc.                                                                                                                                                                                                                                                                                                                                                                          |   |                 |   |                      |   |                                    |
| Other                                                                            |   |                 |   |                      |   |                                    |
| Total                                                                            |   |                 |   | $                         |   | 100.0%                                  |

|   | __________ |
|--------|------------|

|   | (1) | Percentages may not add to 100.0% due to rounding. |
|--------|-----|----------------------------------------------------|

|   |  * | Indicates a number less than 0.1% but greater than zero. |
|--------|---------|----------------------------------------------------------|

|  Distribution Date                                                                                                                                |   |  Note Value |   | Scheduled Reduction in Note Value (1) |   |  Distribution Date |   |  Note Value |   | Scheduled Reduction in Note Value (1) |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|--------|---------------------------------------|--------|-------------------------|--------|------------------|--------|---------------------------------------|
| Closing Date                        |   | $                |   | Not Applicable                        |   | [___] 20 [__]           |   | $                |   | $                                     |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |
| [___] 20 [__]                                                                                                                                          |   |             |   |                                  |   | [___] 20 [__]           |   |             |   |                                  |

|   | __________ |
|--------|------------|

|   | (1) | The rate of the reduction of the Note Value depends primarily on the rate of payment (including prepayments) of the aggregate Contract Balance of the receivables.  This table presents scheduled payments on the receivables and does not reflect prepayments that may occur.  See "Weighted Average Life of the Notes" in this prospectus supplement for a discussion of various factors affecting the rate of prepayments of the receivables.  See also, Annex II hereto for information regarding the Original Scheduled Cash Flows for prior securitized pools. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

Delinquencies, Repossessions and Net Losses

----

Table of Contents

|                                                           | At December 31,   |   |
|----------------------------------------------------------------|-------------------|--------|
|                                                           | 2006              |   | 2007 |   | 2008 |   | 2009 |   |
|                                                 | NumberofContracts |   |   Amount  |   | NumberofContracts |   |   Amount  |   | NumberofContracts |   |   Amount  |   | NumberofContracts |   |  Amount |   |
| Gross Portfolio                                                |              |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
| Delinquency:                                                   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   31 - 60 Days                                       |              |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
|   over 60 Days                                       |              |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
| Total Delinquencies                                            |              |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
| Total Delinquencies as a Percent   of the Gross Portfolio |  %           |   |    % |   | % |   |  % |   | % |   |  % |   | % |   | % |   |

|                                                                                                                                                                                                                                                               | At December 31,         |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|--------|
|                                                                                                                                                                                                                                                               | 2006                    |   | 2007 |   | 2008 |   | 2009 |   |
|                                                                                                                                                                                                                                                               | NumberofContracts  |   | Amount  |   | NumberofContracts |   | Amount  |   | NumberofContracts |   | Amount  |   | NumberofContracts |   | Amount |   |
| Gross Portfolio                                                 |                    |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
| Delinquency:                                                                                                                                                                                                                                                       |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   31 - 60 Days                                        |                    |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
|   over 60 Days                                        |                    |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
| Total Delinquencies                                             |                    |   |   |   | $ |   |   |   |   | $ |   |   |   |   | $ |   |   | $ |   |   |
| Total Delinquencies as a  Percent of the Gross Portfolio                                                                                                                                                                                                 | %                       |   | % |   | % |   | % |   | % |   | % |   | % |   | % |   |

| ·   | repossessions represent all unpaid principal and finance charges accrued but not collected for contracts or leases repossessed and either terminated or in inventory; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | liquidations represent a reduction in the outstanding balances of the contracts or leases as a result of cash payments and charge-offs; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | net losses are equal to the aggregate amount of principal and finance charges accrued on all contracts or leases which are determined to be uncollectible plus repossession expenses less — |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | in the case of repossessed (but not liquidated) financed equipment, the estimated proceeds of liquidation of that equipment, and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | in the case of liquidated financed equipment, the actual proceeds of liquidation of that equipment. |
|--------------------|-----------------------------------------------------------------------------------------------------|

| ·   | increased to reflect the amount by which actual liquidation proceeds are less than that estimate, or |
|--------------------|------------------------------------------------------------------------------------------------------|

| ·   | decreased to reflect the amount by which actual liquidation proceeds exceed that estimate. |
|--------------------|--------------------------------------------------------------------------------------------|

----

Table of Contents

|                                                                    |   | Year Ended December 31, |   |
|------------------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                         |   | 2005                    |   |   | 2006 |   |   | 2007 |   |   | 2008 |   |   | 2009 |   |
| Average Gross Portfolio Outstanding  During the Period             |   | $                       |   |   |   | $ |   |   |   | $ |   |   |   | $ |   |   |   | $ |   |   |
| Repossessions as a Percent of Average  Gross Portfolio Outstanding |   | %                       |   |   | % |   |   | % |   |   | % |   |   | % |   |
| Net Losses as a Percent of Liquidations                                      |   | %                       |   |   | % |   |   | % |   |   | % |   |   | % |   |
| Net Losses as a Percent of Average  Gross Portfolio Outstanding    |   | %                       |   |   | % |   |   | % |   |   | % |   |   | % |   |

|                                                                         |   | Year Ended December 31, |   |
|------------------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                         |   | 2005                    |   |   | 2006 |   |   | 2007 |   |   | 2008 |   |   | 2009 |   |
| Average Gross Portfolio Outstanding  During the Period             |   | $                       |   |   |   | $ |   |   |   | $ |   |   |   | $ |   |   |   | $ |   |   |
| Repossessions as a Percent of Average  Gross Portfolio Outstanding |   | %                       |   |   | % |   |   | % |   |   | % |   |   | % |   |
| Net Losses as a Percent of Liquidations                                      |   | %                       |   |   | % |   |   | % |   |   | % |   |   | % |   |
| Net Losses as a Percent of Average  Gross Portfolio Outstanding    |   | %                       |   |   | % |   |   | % |   |   | % |   |   | % |   |

Static Pool Data

----

Table of Contents

Billing and Payment Procedures

Custodial Arrangements

Underwriting Standards

Additional Information

WEIGHTED AVERAGE LIFE OF THE NOTES

----

Table of Contents

| ·   | the proceeds of that refinancing would be used to prepay that existing receivable in full, and |
|--------------------|------------------------------------------------------------------------------------------------|

| ·   | the related obligor executes a new installment sale contract or finance lease with respect to that receivable. |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | all of the receivables have an APR of [_____]%; |
|--------------------|-------------------------------------------------|

| ·   | the initial Note Value is equal to $[_____]; |
|--------------------|----------------------------------------------|

| ·   | the receivables prepay in full at the specified monthly CPR, with no defaults, losses or repurchases; |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | each scheduled payment on the receivables is made on the last day of each collection period and each collection period has 30 days; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------|

| ·   | distributions on the notes and certificates are made on each distribution date in accordance with the description set forth under "Description of the Transfer and Servicing Agreement — Distributions" in this prospectus supplement; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the closing date is [_____], 20__; |
|--------------------|------------------------------------|

| ·   | the balance in the reserve account on each distribution date is equal to the Specified Reserve Account Balance; |
|--------------------|-----------------------------------------------------------------------------------------------------------------|

| ·   | Cat Financial is the servicer; and |
|--------------------|-----------------------------------------|

| ·   | there are no reinvestment earnings on the reserve account. |
|--------------------|------------------------------------------------------------|

----

Table of Contents

|                                         |   | Class A-1 Notes |   | Class A-2 Notes |
|----------------------------------------------|--------|----------------------|--------|----------------------|
| Distribution Date                            |   |                 | 0      | %               |   |   | 10 | %  |   |   | 14 | %  |   |   | 19 | %  |   |   | 24 | %  |   |   | 0 | %  |   |   | 10 | %  |   |   | 14 | %  |   |   | 19 | %  |   |   | 24 | %  |
| Closing Date                                 |   |                 | 100    | %                    |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Life to Maturity (years)(1) |   | [___]                |   |                 | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |
| Weighted Average Life to Call (years)(1)(2)  |   | [___]                |   |                 | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |

|   | (1) | The weighted average life of a Class A-1 Note or Class A-2 Note is determined by: (a) multiplying the amount of each principal payment on the applicable note by the number of years from the date of issuance of such note to the related distribution date, (b) adding the results, and (c) dividing the sum by the related initial principal amount of such note. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | This calculation assumes that the servicer exercises its option to purchase the receivables on the earliest permitted distribution date. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

|                                         |   | Class A-3 Notes |   | Class A-4 Notes |
|----------------------------------------------|--------|----------------------|--------|----------------------|
| Distribution Date                            |   |                 | 0      | %               |   |   | 10 | %  |   |   | 14 | %  |   |   | 19 | %  |   |   | 24 | %  |   |   | 0 | %  |   |   | 10 | %  |   |   | 14 | %  |   |   | 19 | %  |   |   | 24 | %  |
| Closing Date                                 |   |                 | 100    | %                    |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| [_____] 20__                                 |   |                 |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Life to Maturity (years)(1) |   | [___]                |   |                 | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |
| Weighted Average Life to Call (years)(1)(2)  |   | [___]                |   |                 | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |   | [___] |   |

|   | __________ |
|--------|------------|

|   | * | Indicates a number less than 0.5% but greater than zero. |
|--------|---|----------------------------------------------------------|

| (1) | The weighted average life of a Class A-3 Note or Class A-4 Note is determined by: (a) multiplying the amount of each principal payment on the applicable note by the number of years from the date of issuance of such note to the related distribution date, (b) adding the results, and (c) dividing the sum by the related initial principal amount of such note. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | This calculation assumes that the servicer exercises its option to purchase the receivables on the earliest permitted distribution date. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

|                                                                                                                                                                                                                                                                                                                                                                     |   | Class B Notes |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|
| Distribution Date                                                                                                                                                                                                                                                                                                                                                        |   |               | 0 | %  |   |   | 10 | %  |   |   | 14 | %  |   |   | 19 | %  |   |   | 24 | %  |
| Closing Date                                                           |   |               | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |   |   | 100 | % |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 95 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 75 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 100 |   |   |   | 84 |   |   |   | 57 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 95 |   |   |   | 66 |   |   |   | 42 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 100 |   |   |   | 77 |   |   |   | 51 |   |   |   | 30 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 82 |   |   |   | 61 |   |   |   | 38 |   |   |   | 20 |   |
| [_____] 20__                                                                |   |               | 100 |   |   |   | 64 |   |   |   | 45 |   |   |   | 26 |   |   |   | 9 |   |
| [_____] 20__                                                                |   |               | 96 |   |   |   | 45 |   |   |   | 30 |   |   |   | 13 |   |   |   | 0 |   |
| [_____] 20__                                                                |   |               | 69 |   |   |   | 28 |   |   |   | 15 |   |   |   | 1 |   |   |   | 0 |   |
| [_____] 20__                                                                |   |               | 45 |   |   |   | 12 |   |   |   | 2 |   |   |   | 0 |   |   |   | 0 |   |
| [_____] 20__                                                                |   |               | 24 |   |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |
| [_____] 20__                                                                |   |               | 5 |   |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |
| [_____] 20__                                                                |   |               | 0 |   |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |   |   | 0 |   |
| Weighted Average Life to Maturity (years)(1)                                                                                                                                                                                                                                                                                                                             |   | [__]               |   |   | [__] |   |   | [__] |   |   | [__] |   |   | [__] |   |
| Weighted Average Life to Call (years)(1)(2)                                                                                                                                                                                                                                                                                                                              |   | [__]               |   |   | [__] |   |   | [__] |   |   | [__] |   |   | [__] |   |

|   | __________ |
|--------|------------|

| (1) | The weighted average life of a Class B Note is determined by: (a) multiplying the amount of each principal payment on the applicable note by the number of years from the date of issuance of such note to the related distribution date, (b) adding the results, and (c) dividing the sum by the related initial principal amount of such note. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | This calculation assumes that the servicer exercises its option to purchase the receivables on the earliest permitted distribution date. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

----

AMOUNTS OUTSTANDING ON THE NOTES

| ·   | the original denomination of that note; and |
|--------------------|---------------------------------------------|

| ·   | the current pool factor for that class of notes. |
|--------------------|--------------------------------------------------|

USE OF PROCEEDS

DESCRIPTION OF THE NOTES

General

The Class A-1 Notes

| ·   | the issuing entity will pay the Class A-1 noteholders their ratable share (based upon the total amount of interest due to the Class A-1 noteholders, the Class A-2 noteholders, the Class A-3 noteholders and the Class A-4 noteholders) of the amount available to be distributed in respect of interest on the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the issuing entity will pay each Class A-1 noteholder its ratable share (based on the principal amount of its Class A-1 Note and the total amount distributable to the Class A-1 noteholders) of that amount. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| ·   | payment of the Servicing Fee; |
|--------------------|-------------------------------|

| ·   | payment of the administration fee; |
|--------------------|------------------------------------|

| ·   | payment of the Noteholders' Interest Distributable Amount; and |
|--------------------|----------------------------------------------------------------|

| ·   | with respect to payment of the Regular Principal Distribution Amount, after the required deposit to the reserve account. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|

The Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and Class B Notes

| ·   | the issuing entity will pay each of the Class A-1 noteholders, the Class A-2 noteholders, the Class A-3 noteholders and the Class A-4 noteholders their ratable share (based upon the total amount of interest due to the Class A-1 noteholders, the Class A-2 noteholders, the Class A-3 noteholders and the Class A-4 noteholders) of the amount available to be distributed in respect of interest on the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| ·   | the issuing entity will pay each Class A-2 noteholder, Class A-3 noteholder and each Class A-4 noteholder its ratable share (based on the principal amount of its Class A-2 Note, its Class A-3 Note or its Class A-4 Note and the total amount distributable to the Class A-2 noteholders, the Class A-3 noteholders or the Class A-4 noteholders) of that amount. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the Principal Distribution Amount; and |
|--------------------|----------------------------------------|

| ·   | the portion, if any, of the Principal Distribution Amount paid in respect of the Class A-1 Notes on that distribution date. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | the Principal Distribution Amount; and |
|--------------------|----------------------------------------|

| ·   | the portion, if any, of the Principal Distribution Amount paid in respect of the Class A-1 Notes and the Class A-2 Notes on that distribution date. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the Principal Distribution Amount; and |
|--------------------|----------------------------------------|

| ·   | the portion, if any, of the Principal Distribution Amount paid in respect of the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes on that distribution date. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the Principal Distribution Amount; and |
|--------------------|----------------------------------------|

| ·   | the portion, if any, of the Principal Distribution Amount paid in respect to the Class A Notes on that distribution date. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------|

|   | The issuing entity will generally derive principal payments on the Class B Notes from the Total Distribution Amount remaining after — |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | payment of the Servicing Fee; |
|--------------------|-------------------------------|

----

Table of Contents

| ·   | payment of the administration fee; and |
|--------------------|----------------------------------------|

| ·   | payment of the Class A Noteholders' Interest Distributable Amount, the Class B Noteholders' Interest Distributable Amount and the portion of the Principal Distribution Amount paid in respect of the Class A Notes on that distribution date. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes have been paid in full; and |
|--------------------|-------------------------------------------------------------------------------------------------------------|

| ·   | the Note Value has been reduced to 10% or less of the Initial Note Value. |
|--------------------|---------------------------------------------------------------------------|

The Indenture

DESCRIPTION OF THE CERTIFICATES

----

Table of Contents

Residual Cash Flows

DESCRIPTION OF THE TRANSFER AND SERVICING AGREEMENTS

Sale and Assignment of Receivables

Accounts

| ·   | the indenture trustee will create an administrative sub-account within the collection account for the benefit of the noteholders and certificateholders entitled the Principal Distribution Account (that sub-account, a "Principal Distribution Account"); and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the issuing entity will establish and will maintain with the indenture trustee the reserve account, in the name of the indenture trustee on behalf of the noteholders and certificateholders. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Servicing and Administrative Compensation and Payment of Expenses

| ·   | first to any overdue scheduled payments, including taxes and miscellaneous billables; |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | second to the current scheduled payments, including taxes and miscellaneous billables; and |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | third to late fees. |
|--------------------|---------------------|

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| Description   | Amount                                                                                                                   | Receiving Party |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|-----------------|
| Servicer Fee       | [_____]% per annum of the principal balance of the Note Value as of the first day of the related collection period  | servicer        |
| Administration Fee | $[_____] per calendar month                                                                                         | administrator   |

Rights Upon Servicer Default

Waiver of Past Defaults

Distributions

| ·   | the aggregate collections — including any Liquidation Proceeds, any Purchase Amounts paid by the depositor and the servicer and any amounts received from Caterpillar dealers with respect to receivables — received in respect of the receivables during the related collection period; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | investment earnings on the trust accounts during the related collection period. |
|--------------------|---------------------------------------------------------------------------------|

| ·   | any receivables the Purchase Amount of which has been included in the Total Available Amount in a prior collection period; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | any Liquidated Receivable after and to the extent of the reassignment of that Liquidated Receivable by the issuing entity to the depositor; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | any additional servicing compensation. |
|--------------------|----------------------------------------|

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|   | 1. | to the servicer, the Servicing Fee and all unpaid Servicing Fees from prior collection periods; |
|--------|----|-------------------------------------------------------------------------------------------------|

|   | 2. | to the administrator, the monthly administration fee in an amount equal to $[___] per month, and all unpaid administration fees from prior collection periods; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | to the Class A noteholders, the Class A Noteholders' Interest Distributable Amount; |
|--------|----|-----------------------------------------------------------------------------------------------|

|   | 4. | to the Principal Distribution Account, the First Priority Principal Distribution Amount, if any; |
|--------|----|--------------------------------------------------------------------------------------------------|

|   | 5. | to the Class B noteholders, the Class B Noteholders' Interest Distributable Amount; |
|--------|----|-----------------------------------------------------------------------------------------------|

|   | 6. | to the Principal Distribution Account, the Second Priority Principal Distribution Amount, if any; |
|--------|----|---------------------------------------------------------------------------------------------------|

|   | 7. | to the reserve account, an amount equal to the excess of the Specified Reserve Account Balance over the amount on deposit in the reserve account on that distribution date; provided, that, on or prior to the distribution date on which the amount on deposit in the reserve account first equals the Specified Reserve Account Balance, such amount shall not exceed the Net Excess Spread for that distribution date; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 8. | if any class of notes is outstanding prior to giving effect to distributions on that distribution date to the Principal Distribution Account, the Regular Principal Distribution Amount; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9. | pro rata, to the indenture trustee, all unpaid indenture trustee's fees and expenses, and to the issuing entity, the amount of any state taxes payable by the issuing entity; and |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10. | to the certificate distribution account, for application in the manner set forth in the trust agreement, the remaining Total Distribution Amount. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the Total Required Payment exceeds |
|--------------------|------------------------------------|

| ·   | the Total Available Amount. |
|--------------------|-----------------------------|

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| ·   | for any delinquent receivable that is not a Liquidated Receivable, a Repossessed Receivable or a 180-Day Receivable, the amount of any delinquent payments will be assumed to be received in the next collection period and all other payments which have not yet become due will be assumed to be received as originally scheduled; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | for any Liquidated Receivable, it will be assumed that no payments will be received on that receivable; |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | for any Repossessed Receivable, the outstanding Contract Balance, reduced by the Write Down Amount, if any, will be assumed to be received in the next collection period and it will be assumed that no other payments will be received on that receivable; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | for any 180-Day Receivable, it will be assumed that a payment on that receivable in an amount equal to the estimated value of that receivable, as determined by Cat Financial in accordance with its servicing standards, will be received in the next collection period and it will be assumed that no other payments will be received on that receivable. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | the Total Available Amount for that distribution date; and |
|--------------------|------------------------------------------------------------|

| ·   | the amount, if any, withdrawn from the reserve account and deposited into the Collection Account on that distribution date. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------|

| ·   | the Servicing Fee; |
|--------------------|--------------------|

| ·   | the Administration Fee; |
|--------------------|-------------------------|

| ·   | the Class A Noteholders' Interest Distributable Amount; |
|--------------------|--------------------------------------------------------------|

| ·   | the First Priority Principal Distribution Amount; |
|--------------------|---------------------------------------------------|

| ·   | the Class B Noteholders' Interest Distributable Amount; and |
|--------------------|------------------------------------------------------------------|

| ·   | the Second Priority Principal Distribution Amount. |
|--------------------|----------------------------------------------------|

|   | 1. | to the Class A-1 noteholders in reduction of principal until the principal amount of the Class A-1 Notes has been paid in full; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | to the Class A-2 noteholders in reduction of principal until the principal amount of the Class A-2 Notes has been paid in full; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | to the Class A-3 noteholders in reduction of principal until the principal amount of the Class A-3 Notes has been paid in full; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | to the Class A-4 noteholders in reduction of principal until the principal amount of the Class A-4 Notes has been paid in full; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 5. | to the Class B noteholders in reduction of principal until the principal amount of the Class B Notes has been paid in full; and |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6. | to the certificate distribution account, for application in the manner set forth in the trust agreement, any funds remaining on deposit in the Principal Distribution Account. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | to the indenture trustee in payment of its fees and expenses; |
|--------|----|---------------------------------------------------------------|

|   | 2. | to the Class A-1 noteholders, the Class A-2 noteholders, the Class A-3 noteholders and the Class A-4 noteholders ratably according to the total amount of interest due and payable to the Class A-1 noteholders, the Class A-2 noteholders, the Class A-3 noteholders and the Class A-4 noteholders in payment of accrued and unpaid interest on the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | to the Class B noteholders in payment of accrued and unpaid interest on the Class B Notes; |
|--------|----|--------------------------------------------------------------------------------------------|

|   | 4. | to the Class A-1 noteholders in reduction of principal until the principal amount of the Class A-1 Notes has been paid in full; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------|

|   | 5. | to the Class A-2 noteholders, the Class A-3 noteholders and the Class A-4 noteholders ratably according to the amounts of principal due and payable on the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, in reduction of principal until the principal amount of the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes has been paid in full; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6. | to the Class B noteholders in reduction of principal until the principal amount of the Class B Notes has been paid in full; and |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------|

|   | 7. | to the certificate distribution account for application in the manner set forth in the trust agreement, any funds remaining on deposit in the collection account. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Reserve Account

| ·   | payment of the Servicing Fee; |
|--------------------|-------------------------------|

| ·   | payment of the administration fee; |
|--------------------|------------------------------------|

| ·   | distributions of interest to the Class A noteholders; |
|--------------------|------------------------------------------------------------|

| ·   | the deposit of the First Priority Principal Distribution Amount into the Principal Distribution Account; |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | distributions of interest to the Class B noteholders; and |
|--------------------|----------------------------------------------------------------|

| ·   | the deposit of the Second Priority Principal Distribution Amount into the Principal Distribution Account. |
|--------------------|-----------------------------------------------------------------------------------------------------------|

| ·   | if on the distribution date in [_____] 20__, (i) Cumulative Realized Losses for the related collection period are less than [_____]% and (ii) the three month rolling over 60-day delinquency percentage for such distribution date is less than [_____]%, the percentage specified in clause (ii) of this definition of Specified Reserve Account Balance will be [_____]% for the [_____] 20__ distribution date and each subsequent distribution date, subject to any further reduction in accordance with the terms of this definition; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | if on the distribution date in [_____] 20__, (i) Cumulative Realized Losses for the related collection period are less than [_____]% and (ii) the three month rolling over 60-day delinquency percentage for such distribution date is less than [_____]%, the percentage then specified in clause (ii) of this definition of Specified Reserve Account Balance will be reduced by [_____]% for the [_____] 20__ distribution date and each subsequent distribution date, subject to any further reduction in accordance with the terms of this definition; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | if on the distribution date in [_____] 20__, (i) Cumulative Realized Losses for the related collection period are less than [_____]% and (ii) the three month rolling over 60-day delinquency percentage for such distribution date is less than [_____]%, the percentage then specified in clause (ii) of this definition of Specified Reserve Account Balance will be reduced by [_____]% for the [_____] 20__ distribution date and each subsequent distribution date. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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[Insert description of additional credit enhancement, if any, and any disclosure required under Item 1114 or Item 1115]

Net Deposits

Reports to Noteholders

Amendment

| ·   | the rating agencies confirm in writing that such amendment will not result in a reduction or withdrawal of the rating of that class of notes or any class of notes; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | an opinion of counsel satisfactory to the indenture trustee and the owner trustee is provided to the effect that such change will not adversely affect the tax characterization of the notes or the certificates. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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The Indenture Trustee

Communications with Rating Agencies

CERTAIN LEGAL ASPECTS OF THE RECEIVABLES

Dealer Recourse Receivables

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Cross-Collateralization

| ·   | an item of financed equipment may secure more than one contract with that obligor, and each of those contracts may not be included in the issuing entity as a receivable; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | a receivable may be secured by a first priority lien on the related financed equipment and a lien on financed equipment unencumbered or related to contracts with that obligor not included in the issuing entity. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the related receivable has been paid in full; |
|--------------------|-----------------------------------------------|

| ·   | the related first priority lien on the financed equipment has been foreclosed upon or released; or |
|--------------------|----------------------------------------------------------------------------------------------------|

| ·   | the transferee of such junior lien agrees in writing that the lien of the issuing entity in the related financed equipment will be senior to it. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

LEGAL INVESTMENT

FEDERAL INCOME TAX CONSEQUENCES

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ERISA CONSIDERATIONS

Prohibited Transactions

| ·   | has investment or administrative discretion with respect to the Plan Assets used to effect that purchase; |
|--------------------|-----------------------------------------------------------------------------------------------------------|

| ·   | has authority or responsibility to give, or regularly gives, investment advice with respect to those Plan Assets, for a fee and pursuant to an agreement or understanding that such advice: |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | will serve as a primary basis for investment decisions with respect to those Plan Assets, and |
|--------------------|-----------------------------------------------------------------------------------------------|

| ·   | will be based on the particular investment needs of that Plan; or |
|--------------------|-------------------------------------------------------------------|

| ·   | is an employer maintaining or contributing to that Plan unless U.S. Department of Labor (the "DOL") Prohibited Transaction Exemption ("PTE") 95-60, 91-38 or 90-1 or some other exemption applies. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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ERISA Status of Notes as Debt

| ·   | will be treated as indebtedness under local law and debt, rather than equity, for tax purposes; and |
|--------------------|-----------------------------------------------------------------------------------------------------|

| ·   | should not be deemed to have any "substantial equity features," |
|--------------------|-----------------------------------------------------------------|

| ·   | should be treated as indebtedness under local law and debt, rather than equity, for tax purposes; and |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | should not be deemed to have any "substantial equity features," |
|--------------------|-----------------------------------------------------------------|

Plans Subject to Similar Laws

Representation

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UNDERWRITING

| Class A Note Underwriters                              |   | PrincipalAmount ofClass A-1Notes |   | PrincipalAmount ofClass A-2Notes |   | PrincipalAmount ofClass A-3Notes |   | PrincipalAmount ofClass A-4Notes |
|-------------------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| [Underwriter 1]                                             |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |
| [Underwriter 2]                                             |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |
| [Underwriter 3]                                             |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |
| [Underwriter 4]                                             |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |
| [Underwriter 5]                                             |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |
|          Total |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |   | $[_____]                              |

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LEGAL OPINIONS

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INDEX OF TERMS

|                                                                       | Page |                                                   | Page   |
|----------------------------------------------------------------------------|------|--------------------------------------------------------|--------|
| APR                                                                        | S-40 | Lease Scheduled Payments                               | S-19   |
| Certificate Balance                                                        | S-40 | Liquidated Receivable                                  | S-39   |
| Class A Note underwriters                                             | S-50 | Liquidation Proceeds                                   | S-39   |
| Class A Note underwriting agreement                                   | S-50 | Net Excess Spread                                      | S-41   |
| Class A Noteholders' Interest Carryover Shortfall                     | S-40 | Net Investment                                         | S-19   |
| Class A Noteholders' Interest Distributable Amount                    | S-41 | Note Value                                             | S-42   |
| Class A Noteholders' Monthly Interest Distributable Amount            | S-41 | Noteholders' Interest Distributable Amount             | S-42   |
| Class A-1 Note final scheduled distribution date                      | S-41 | 180-Day Receivable                                     | S-42   |
| Class A-1 Note rate                                                   | S-34 | Parties in Interest                                    | S-48   |
| Class A-2 Note final scheduled distribution date                      | S-41 | over 60-day delinquency percentage                     | S-43   |
| Class A-2 Note rate                                                   | S-35 | Plan Asset Regulation                                  | S-49   |
| Class A-3 Note final scheduled distribution date                      | S-41 | Plan Assets                                            | S-48   |
| Class A-3 Note rate                                                   | S-35 | Plans                                                  | S-48   |
| Class A-4 Note final scheduled distribution date                      | S-41 | Pool Balance                                           | S-42   |
| Class A-4 Note rate                                                   | S-35 | pool factor                                            | S-34   |
| Class B Note final scheduled distribution date                        | S-41 | Principal Distribution Account                         | S-38   |
| Class B Note Rate                                                     | S-35 | Principal Distribution Amount                          | S-42   |
| Class B Note underwriter                                              | S-50 | PTE                                                    | S-48   |
| Class B Note underwriting agreement                                   | S-50 | rating agency                                          | S-11   |
| Class B Noteholders' Interest Carryover Shortfall                     | S-41 | Realized Losses                                        | S-42   |
| Class B Noteholders' Interest Distributable Amount                    | S-41 | Receivables Pool                                       | S-19   |
| Class B Noteholders' Monthly Interest  Distributable Amount | S-41 | Regular Principal Distribution Amount                  | S-42   |
| Class B Note rate                                                     | S-35 | Repossessed Receivable                                 | S-42   |
| Clearstream                                                                | I-1  | Second Priority Principal Distribution Amount          | S-42   |
| collection period                                                          | S-41 | Servicing Fee                                          | S-38   |
| Contract Balance                                                           | S-19 | Servicing Fee Rate                                     | S-38   |
| CPR                                                                        | S-30 | Similar Laws                                           | S-49   |
| Cumulative Realized Losses                                                 | S-41 | special tax counsel                                    | S-47   |
| Custodian                                                                  | S-29 | Specified Reserve Account Balance                      | S-44   |
| cut-off date                                                               | S-19 | Static Pool Data                                       | S-28   |
| determination date                                                         | S-39 | three month rolling over 60-day delinquency percentage | S-43   |
| Discount Factor                                                            | S-41 | Total Available Amount                                 | S-39   |
| distribution date                                                          | S-39 | Total Distribution Amount                              | S-43   |
| DOL                                                                        | S-48 | Total Required Payment                                 | S-43   |
| DTC                                                                        | I-1  | transfer and servicing agreements                      | S-34   |
| ERISA                                                                      | S-48 | underwriters                                           | S-50   |
| Euroclear                                                                  | I-1  | underwriting agreements                                | S-50   |
| First Priority Principal Distribution Amount                               | S-41 | U.S. ISC Portfolio                                     | S-26   |
| Global Notes                                                               | I-1  | U.S. Finance Lease Portfolio                      | S-26   |
| Initial Note Value                                                         | S-41 | U.S. Portfolio                                         | S-26   |
| Initial Pool Balance                                                       | S-41 | Write Down Amount                                      | S-43   |
| Issuing Entity                                                             | S-3  |                                                   |   |

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ANNEX I

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| ·   | each clearing system, bank or other financial institution that holds customers' securities in the ordinary course of its trade or business in the chain of intermediaries between that beneficial owner and the U.S. entity required to withhold tax complies with applicable certification requirements; and |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | that beneficial owner takes appropriate steps to obtain an exemption or reduced tax rate. |
|--------------------|-------------------------------------------------------------------------------------------|

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ANNEX II

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| Registration Statement Fee                                                                                                                                                     |   | $      | 54,795    |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|
| Printing Expenses                                                                                                                                                              |   |   | 45,000    |   |
| Trustee’s Fees and Expenses                                                                                                                                              |   |   | 40,000    |   |
| Legal Fees and Expenses                                                                                                                                                        |   |   | 750,000   |   |
| Blue Sky Fees and Expenses                                                                                                                                                     |   |   | 45,000    |   |
| Accountant’s Fees and Expenses                                                                                                                                           |   |   | 450,000   |   |
| Rating Agency Fees                                                                                                                                                             |   |   | 1,200,000 |   |
| Miscellaneous Fees and Expenses                                                                                                                                                |   |   | 200,000   |   |
|                 Total                                                                     |   | $      | 2,784,795 |   |

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|   | 1.1  | Form of Underwriting Agreement for the Notes.                                                                |
|--------|------|--------------------------------------------------------------------------------------------------------------|
|   | 3.1  | Articles of Incorporation of Caterpillar Financial Funding Corporation.*                                     |
|   | 3.2  | By-laws of Caterpillar Financial Funding Corporation.*                                                       |
|   | 3.3  | Form of Certificate of Trust of a Trust (included in Exhibit 4.2).                                           |
|   | 4.1  | Form of Indenture (including Form of Note).**                                                                |
|   | 4.2  | Form of Trust Agreement.                                                                                     |
|   | 4.3  | Form of Sale and Servicing Agreement.                                                                        |
|   | 5.1  | Opinion of Orrick, Herrington & Sutcliffe LLP with respect to legality.                                  |
|   | 8.1  | Opinion of Orrick, Herrington & Sutcliffe LLP with respect to federal tax matters.                       |
|   | 8.2  | Opinion of Bradley Arant Boult Cummings LLP with respect to Tennessee tax matters.                           |
|   | 10.1 | Form of Purchase Agreement.**                                                                                |
|   | 10.2 | Form of Administration Agreement.**                                                                          |
|   | 23.1 | Consents of Orrick, Herrington & Sutcliffe LLP (included in its opinions filed as Exhibits 5.1 and 8.1). |
|   | 23.2 | Consent of Bradley Arant Boult Cummings LLP (included in its opinion filed as Exhibit 8.2).             |
|   | 24.1 | Powers of Attorney (included on page II-8).                                                                  |
|   | 25.1 | Statement of Eligibility and Qualification of Indenture Trustee.***                                          |

|  *   |  Incorporated by reference to the identically numbered Exhibit to Registrant’s Registration Statement on Form S-3 (No. 333-123328). |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|  **  |  Incorporated by reference to the identically numbered Exhibit to Registrant’s Registration Statement on Form S-3 (No. 333-132309). |
|  *** |  To be filed pursuant to Section 305(b)(2) of the Trust Indenture Act at the time of an offering of notes.                                     |

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POWER OF ATTORNEY

| Signature                                                                                                                                                                                                                                                                                                                                                                                   | Title                          |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                        |                           |
| /s/ Jeffery T. Norton                                                                                                                       | President and Director         |
| Jeffery T. Norton                                                                                                                                                                                                                                                                                                                                                                           | (Principal Executive Officer)  |
|                                                                                                                                                                                                                                                                                                                                                                                        |                           |
| /s/ David A. Kacynski                                                                                                                       | Treasurer                      |
| David A. Kacynski                                                                                                                                                                                                                                                                                                                                                                           | (Principal Financial Officer)  |
|                                                                                                                                                                                                                                                                                                                                                                                        |                           |
| /s/ Steven R. Elsesser                                                                                                                      | Chief Financial Officer        |
| Steven R. Elsesser                                                                                                                                                                                                                                                                                                                                                                          | (Principal Accounting Officer) |
|                                                                                                                                                                                                                                                                                                                                                                                        |                           |
| /s/ James M. Devlin                                                                                                                         | Director                       |
| James M. Devlin                                                                                                                                                                                                                                                                                                                                                                             |                           |
|                                                                                                                                                                                                                                                                                                                                                                                        |                           |
| /s/ Janice George                                                                    | Director                       |
| Janice George                                                                                                                                                                                                                                                                                                                                                                               |                           |
|                                                                                                                                                                                                                                                                                                                                                                                        |                           |
| /s/ Charles E. Mulloy III                                                            | Director                       |
| Charles E. Mulloy III                                                                                                                                                                                                                                                                                                                                                                       |                           |
|                                                                                                                                                                                                                                                                                                                                                                                        |                           |
| /s/ Peter C. Wetherall                                                                                                                                                                                                                                    | Director                       |
| Peter C. Wetherall                                                                                                                                                                                                                                                                                                                                                                          |                           |

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