EXHIBIT 33.1
 Report on Assessment of Compliance with Applicable Regulation AB Servicing Criteria
 1.
    
    Ford Motor Credit Company LLC (Ford Credit) is responsible for assessing compliance with
the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as
of and for the year ended December 31, 2010 (the Reporting Period), including all servicing
criteria except for inapplicable servicing criteria identified in paragraph 4 below and the
portions of servicing criteria covered by a separate assessment and identified in Appendix A
to this report. The transactions covered by this report include asset-backed securities
transactions involving automotive dealer floorplan finance receivables completed on or after
January 1, 2006 and registered with the Securities Exchange Commission for which Ford Credit
acted as servicer (the Platform).2.
    
    Ford Credit has engaged vendors that are not servicers as defined in Item 1101(j) of
Regulation AB to perform specific, limited or scripted activities with respect to the
servicing criteria applicable to such vendors activities as set forth in Appendix A to this
report. Ford Credit has elected to take responsibility for assessing compliance with the
servicing criteria or portion of the servicing criteria applicable to each vendor. Ford
Credit has policies and procedures in place to provide reasonable assurance that the vendors
activities comply in all material respects with the servicing criteria or portion of the
servicing criteria applicable to each vendor.3.
    
    Except as set forth in paragraph 4 below, Ford Credit used the criteria set forth in
paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable
servicing criteria.4.
    
    The servicing criteria in Items 1122(d)(1)(iv), 1122(d)(2)(iii), 1122(d)(2)(v),
1122(d)(2)(vi), 1122(d)(3)(i)(D), 1122(d)(3)(iii), 1122(d),(4)(x) through (xiii) and
1122(d)(4)(xv) are inapplicable to Ford Credit based on the activities it performs, directly
or through the indenture trustee, with respect to the Platform.5.
    
    Ford Credit has complied, in all material respects, with the applicable servicing criteria as
of December 31, 2009 and for the Reporting Period with respect to the Platform taken as a
whole.6.
    
    Ford Credit has not identified and is not aware of any material instance of noncompliance by
the vendors with the applicable servicing criteria as of December 31, 2010 and for the
Reporting Period with respect to the Platform taken as a whole.7.
    
    Ford Credit has not identified any material deficiency in its policies and procedures to
monitor the compliance by the vendors with the applicable servicing criteria as of December
31, 2010 and for the Reporting Period with respect to the Platform taken as a whole.8.
    
    PricewaterhouseCoopers LLP, a registered public accounting firm, has issued an attestation
report on Ford Credits assessment of compliance with the applicable servicing criteria for
the Reporting Period.
 March 30, 2011
    Ford Motor Credit Company LLCBy:
    /s/ Brian E. SchaafBrian E. SchaafVice President and Assistant Treasurer




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Performed byVendor(s) forPerformed
    
    which Ford CreditDirectly by Ford
    
    is the Responsible
    
    Performed byReference
    
    Criteria
    
    Credit
    
    Party
    
    Indenture Trustee1122(d)(2)(i)
    
    Payments on pool
assets are deposited
into the appropriate
custodial bank
accounts and related
bank clearing accounts
no more than two
business days of
receipt, or such other
number of days
specified in the
transaction agreements
    
    Paying to indenture
trustee
    
    
    
    Depositing to
custodial bank
accounts1122(d)(2)(ii)
    
    Disbursements made via
wire transfer on
behalf of an obligor
or to an investor are
made only by
authorized personnel
    
    Paying to indenture
trustee
    
    
    
    Disbursing to investors1122(d)(2)(iv)
    
    The related accounts
for the transaction,
such as cash reserve
accounts or accounts
established as a form
of
overcollateralization,
are separately
maintained (e.g., with
respect to commingling
of cash) as set forth
in the transaction
agreements
    
    Providing indenture
trustee
instructions for
opening accounts
for the transaction
    
    
    
    Establishing and
maintaining accounts
for the transaction1122(d)(3)(ii)
    
    Amounts due to
investors are
allocated and remitted
in accordance with
timeframes,
distribution priority
and other terms set
forth in the
transaction agreements
    
    Providing indenture
trustee
instructions for
making investor
distributions
    
    
    
    Remitting to investors1122(d)(3)(iv)
    
    Amounts remitted to
investors per the
investor reports agree
with cancelled checks,
or other form of
payment, or custodial
bank statements
    
    Preparing investor
reports
    
    
    
    Reconciling remittances
to investors1122(d)(4)(i)
    
    Collateral or
security on pool
assets is
maintained as
required by the
transaction
agreements or
related pool assets
    
    Maintaining
security on
financed vehicles
    
    Perform on site
inventory audits of
financed vehicles
and related title
documents1122(d)(4)(ii)
    
    Pool assets and
related documents
are safeguarded as
required by the
transaction
agreements
    
    Safeguarding of
documents relating
to, evidencing
and/or securing a
receivable
    
    Perform on site
inventory audits of
financed vehicles
and related title
documents