EXHIBIT 33.2

Indenture Administrators Assertion on Compliance with Regulation AB Criteria

Managements Assertion of Compliance

Management of the Agency and Trust division of Citibank, N.A. (or Company) is
responsible for assessing compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission, relating to the servicing of the Franklin Auto Trust Platform, comprised of
publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) automobile loan or lease-backed securities (the Platform), as of September 30, 2008, and for the period
October 1, 2007 through September 30, 2008.

Management has determined that the following servicing criteria are applicable in regards to the
Platform:

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), to the extent required by
Item 1122(d) servicing criteria in regards to the activities performed by the Company, except for the following servicing criteria: 1122(d)(1)(i)-1122(d)(2)(i), 1122(d)(2)(iii)- 1122(d)(3)(i) and 1122(d)(4)(i)-1122(d)(4)(xv) (the
Applicable Servicing Criteria).

With respect to the Platform, the Companys management provides the following assessment of compliance
with respect to the Applicable Servicing Criteria:



| |  |  | The Companys management is responsible for assessing the Companys compliance with the Applicable Servicing Criteria, as of September 30, 2008 and
for the period October 1, 2007 through September 30, 2008.
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| |  |  | The Companys management has assessed compliance with the Applicable Servicing Criteria, as of September 30, 2008 and for the period October 1, 2007
through September 30, 2008. In making this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.
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| |  |  | Based on such assessment, as of September 30, 2008 and for the period October 1, 2007 through September 30, 2008, the Company has complied, in all
material respects, with the Applicable Servicing Criteria.
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KPMG LLP, a registered public accounting firm, has issued an attestation
report with respect to managements assertion of compliance with the Applicable Servicing Criteria, as of September 30, 2008 and for the period October 1, 2007 through September 30, 2008.



|               |  |                   
|-------------- |  | ------------------
|CITIBANK, N.A.
|               | 
|By:            |  | /s/ Karen Montbach
|Its:           |  | Managing Director 
|Dated:         |  | November 26, 2008