EXHIBIT 99.1 -  Independent Accountant's Servicing Report for the year
                ended December 31, 2005

a)

[Ernst & Young logo]	Ernst & Young LLP	Phone: (703) 747-1000
			8484 Wostpark Drive	www.ey.com
			McLean, VA 22102

		Independent Auditors' Report on Compliance

Capital One Auto Finance Inc.
3901 Dallas Parkway
Plano, Texas 75093

And

Merrill Lynch & Co., Inc.
4 World Financial Center
250 Vesey Street
New York, NY 10080 USA

We have examined management's assertion, included in the accompanying
Report of Management on Compliance, that Capital One Auto Finance
Inc.("COAF"), a wholly owned subsidiary of Capital One Financial
Corporation, complied in all material respects with the requirements
of Sections 2.4(a), 3.3(a), 3.3(b), 3.3(c), and 3.4(a) of the
Receivables Sale and Servicing Agreement dated as of June 13, 2003
regarding the sale of certain automobile receivables from
PeopleFirst Finance, LLC to Merrill Lynch Bank USA, as amended by
the Amendment Agreement dated June 15, 2005 between Capital One
Auto Finance, Inc. and Merrill Lynch Bank USA (the "Agreement") for
the year ending December 31, 2005. Management is responsible for
COAF's compliance with those requirements. Our responsibility is
to express an opinion on management's assertion about COAF's
compliance based on our examination.

Our examination was conducted in accordance with attestation
standards established by the American Institute of Certified Public
Accountants and, accordingly, included examining, on a test basis,
evidence about COAF's compliance with those requirements and
performing such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide a legal
determination on COAF's compliance with specified requirements.

In our opinion, management's assertion that COAF complied with the
aforementioned Sections of the Agreement as of and for the year
ended December 31, 2005 is fairly stated, in all material respects.


			/s/ Ernst & Young LLP


March 15, 2006


b)

[Ernst & Young logo]	Ernst & Young LLP	Phone: (703) 747-1000
			8484 Wostpark Drive	www.ey.com
			McLean, VA 22102

		Independent Auditors' Report on Compliance

Capital One Auto Finance Inc.
3901 Dallas Parkway
Plano, Texas 75093

And

Merrill Lynch Bank USA
4 World Financial Center
250 Vesey Street
New York, NY 10080

We have examined management's assertion, included in the accompanying
Report of Management on Compliance, that Capital One Auto
Finance, Inc. ("COAF") (as successor in interest to Onyx Acceptance
Corporation), which is a wholly owned subsidiary of Capital One
Financial Corporation (the "Company"), complied in all material
respects with the requirements of Sections 2.06(a), 2.14(a), 3.01,
3.07(a), 3.09(a), 3.09(b)(iii), and 3.10 of the Sale and Servicing
Agreement dated as of May 22, 2003 between Onyx Acceptance
Corporation ("Onyx") and Merrill Lynch Bank USA ("Merrill Lynch"),
as amended by the Amendment Agreements dated as of January 10, 2005,
June 15, 2005, and December 1, 2005, respectively, between
Onyx and Merrill Lynch (the "Agreement") regarding the sale of
certain automobile receivables between Onyx and Merrill Lynch.
Management is responsible for COAF's compliance with those
requirements. Our responsibility is to express an opinion on
management's assertion about COAF's compliance based on our
examination.

Management disclosed to us that Section 2.14(a) and 3.09(b)(iii)
had been modified, however, no formal amendment to the Agreement
was prepared or signed. Therefore, we obtained a letter from
Merrill Lynch and COAF dated March 14, 2006 (the "Letter Agreement")
stating that such parties agreed to the changes as described in
the Letter Agreement and that such changes as described in the
Letter Agreement represent the agreed-upon method for the
calculation and reporting of Sections 2.14(a) and 3.09(b)(iii).

Our examination was conducted in accordance with attestation
standards established by the American Institute of Certified Public
Accountants and, accordingly, included examining, on a test basis,
evidence about COAF's compliance with those requirements and
performing such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide a legal
determination on COAF's compliance with specified requirements.

In our opinion, management's assertion that COAF complied with
the aforementioned Sections of the Agreement as modified by the
procedures outlined in the Letter Agreement as of and for the year
ended December 31, 2005 is fairly stated, in all material respects.



			/s/ Ernst & Young LLP



March 15, 2006


c)

[PRICEWATERHOUSECOOPERS logo]

				PricewaterhouseCoopers LLP
				PricewaterhouseCoopers Plaza
				1900 St. Antoine Street
				Detroit. Ml 48226-2263
				Telephone (313) 394 6000
				Facsimile (313) 394 6555


Report of independent Accountants

To the Board of Directors of Ford Motor Credit Company,
Merrill Lynch Bank USA, Purchaser:

Re: Servicing Agreement between Ford Motor Credit Company, as Servicer
and Merrill Lynch Bank USA, as Purchaser, dated as of May 1, 2003

We have examined management's assertion about Ford Motor Credit
Company and its subsidiaries' ("Ford Credit") compliance with the
minimum servicing standards identified in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for
Mortgage Bankers ("USAP"), to the extent such procedures are
applicable to the requirements of the Agreement identified above
("minimum servicing standards") as of and for the year ended
December 31, 2005 included in the accompanying management assertion
(see Exhibit 1). Management is responsible for Ford Credit's
compliance with those minimum servicing standards. Our responsibility
is to express an opinion on management's assertion about Ford
Credit's compliance based on our examination.

Our examination was made in accordance with attestation standards
established by the American Institute of Certified Public Accountants
and, accordingly, included examining, on a test basis, evidence about
Ford Credit's compliance with the minimum servicing standards and
performing such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide a legal
determination of Ford Credit's compliance with the minimum servicing
standards.

In our opinion, management's assertion that Ford Credit complied with
the aforementioned minimum servicing standards as of and for the year
ended December 31, 2005 is fairly stated, in all material respects.


				/s/ PricewaterhouseCoopers LLP


March 13, 2006


Exhibit 1

Ford Motor Credit Company
One American Road
P.O. Box 1732
Dearborn, MI 48121

Management's Assertion Concerning Compliance
with USAP Minimum Servicing Standards

March 7, 2006

Re:	Servicing Agreement between Ford Motor Credit Company,
as Servicer and Merrill Lynch Bank USA, as Purchaser, dated as of
May 1, 2003


As of and for the year ended December 31, 2005, Ford Motor Credit
Company and its subsidiaries have complied in all material respects
with the minimum servicing standatds set forth in the Mortgage
Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers ("USAP"), to the extent such procedures are
applicable to the requirements of the agreement identified above.


/s/ Terry Chenault
Terry Chenault
President of Global Operations Technology


/s/ Neil Schloss
Neil Schloss
Assistant Treasurer



[PRICEWATERHOUSECOOPERS logo]

				PricewaterhouseCoopers LLP
				PricewaterhouseCoopers Plaza
				1900 St. Antoine Street
				Detroit. Ml 48226-2263
				Telephone (313) 394 6000
				Facsimile (313) 394 6555


Report of independent Accountants

To the Board of Directors of Ford Motor Credit Company,
Merrill Lynch Bank USA, Purchaser:

Re: Servicing Agreement between Ford Motor Credit Company, as Servicer
and Merrill Lynch Bank USA, as Purchaser, dated as of September 1, 2003

We have examined management's assertion about Ford Motor Credit
Company and its subsidiaries' ("Ford Credit") compliance with the
minimum servicing standards identified in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for
Mortgage Bankers ("USAP"), to the extent such procedures are
applicable to the requirements of the Agreement identified above
("minimum servicing standards") as of and for the year ended
December 31, 2005 included in the accompanying management assertion
(see Exhibit 1). Management is responsible for Ford Credit's
compliance with those minimum servicing standards. Our responsibility
is to express an opinion on management's assertion about Ford
Credit's compliance based on our examination.

Our examination was made in accordance with attestation standards
established by the American Institute of Certified Public Accountants
and, accordingly, included examining, on a test basis, evidence about
Ford Credit's compliance with the minimum servicing standards and
performing such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide a legal
determination of Ford Credit's compliance with the minimum servicing
standards.

In our opinion, management's assertion that Ford Credit complied with
the aforementioned minimum servicing standards as of and for the year
ended December 31, 2005 is fairly stated, in all material respects.


				/s/ PricewaterhouseCoopers LLP


March 13, 2006


Exhibit 1

Ford Motor Credit Company
One American Road
P.O. Box 1732
Dearborn, MI 48121

Management's Assertion Concerning Compliance
with USAP Minimum Servicing Standards

March 7, 2006

Re:	Servicing Agreement between Ford Motor Credit Company,
as Servicer and Merrill Lynch Bank USA, as Purchaser, dated as of
September 1, 2003


As of and for the year ended December 31, 2005, Ford Motor Credit
Company and its subsidiaries have complied in all material respects
with the minimum servicing standatds set forth in the Mortgage
Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers ("USAP"), to the extent such procedures are
applicable to the requirements of the agreement identified above.


/s/ Terry Chenault
Terry Chenault
President of Global Operations Technology


/s/ Neil Schloss
Neil Schloss
Assistant Treasurer


d)

[PRICEWATERHOUSECOOPERS logo]

Report of Independent Accountants

To the Board of Directors and Stockholder of
Systems & Services Technologies, Inc.:

Re:  Servicing and Custodian Agreement among Systems & Services
Technologies, Inc., as the Servicer, E-Loan, Inc., as the Administrator,
and Merrill Lynch Bank USA, as the Purchaser, dated as of July 14, 2004,
as amended

We have examined management's assertion about Systems & Services
Technologies, Inc.'s (the "Company") compliance with the minimum servicing
standards identified in the Mortgage Bankers Association of America's
Uniform Single Attestation Program for Mortgage Bankers ("USAP"), to the
extent such procedures are applicable to the requirements of the Agreement
identified above ("minimum servicing standards") as of and for the year
ended December 31, 2005 included in the accompanying management assertion
(see Exhibit I).  Management is responsible for the Company's compliance
with those minimum servicing standards.  Our responsibility is to express
an opinion on management's assertion about the Company's compliance based
on our examination.

Our examination was made in accordance with attestation standards established
by the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with the minimum servicing standards and performing such other procedures
as we considered necessary in the circumstances.  We believe that our
examination provides a reasonable basis for our opinion.  Our examination
does not provide a legal determination on the Company's compliance with the
minimum servicing standards.

In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended
December 31, 2005 is fairly stated, in all material respects.

				/s/ PricewaterhouseCoopers LLP

Kansas City, Missouri
March 29, 2006


Exhibit 1

[SST logo]

Management's Assertion Concerning Compliance
with USAP Minimum Servicing Standards


March 29, 2006

Re:  Servicing and Custodian Agreement among Systems & Services
Technologies, Inc., as the Servicer, E-Loan, Inc., as the Administrator,
and Merrill Lynch Bank USA, as the Purchaser, dated as of July 14, 2004,
as amended

As of and for the year ended December 31, 2005, Systems and Services
Technologies, Inc. (the "Company") has complied in all material respects
with the minimum servicing standards set forth in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for Mortgage
Bankers ("USAP"), to the extent such procedures are applicable to the
requirements of the agreement identified above; provided, however, the
following USAP servicing standards do not apply: I.2; I.4; III.3; III.4;
V.2; V.3; and V.4.

As of and for this same period, the Company had in effect a fidelity bond
and errors and omissions policy in the amounts of $250,000,000 and
$50,000,000 respectively.


/s/Glenn Estrella
Glenn Estrella
President and Chief Operations Officer

/s/ Bruce Schnell
Bruce Schnell
Executive Vice President, Chief Financial Officer


/s/ Jorge Bernal
Jorge Bernal
Chief Operating Officer