| **Caterpillar Financial Asset Trust 2003-A**                                                   |                                                                                                                                                                                                     |
|------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **SERVICING REPORT**                                                                           | **EXHIBIT 99.4**                                                                                                                                                                                    |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Collection Period Month Begin                                                                  |                                                                                                                                                                                                     |
| Collection Period Month End                                                                    | YEAR END STATEMENT                                                                                                                                                                                  |
| Previous Payment Date (or Closing Date)                                                        | AS OF 12/31/03                                                                                                                                                                                      |
| Actual Days in Accrual Period                                                                  | 0                                                                                                                                                                                                   |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **ORIGINAL DEAL PARAMETERS**                                                                   |                                                                                                                                                                                                     |
| Initial Note Value                                                                             |                                                                                                                                                                                                     | $681,043,196.21 |
| Initial Aggregate Contract Balance                                                             | $682,740,574.89                                                                                                                                                                                     |
| Number of Contracts                                                                            | 10,341                                                                                                                                                                                              |
| Wtd. Avg. APR                                                                                  |                                                                                                                                                                                                     |  | 6.15% |
| Wtd. Avg. Remaining Term                                                                       | 37                                                                                                                                                                                                  |
| Annual Servicing Fee Rate                                                                      | 1.00%                                                                                                                                                                                               |
| Reserve Account Initial Deposit                                                                | $8,513,039.95                                                                                                                                                                                       |
| Specified Reserve Account Balance                                                              | $15,323,471.91                                                                                                                                                                                      |
| Class A-1 Note Original Principal Balance                                                      | $226,300,000.00                                                                                                                                                                                     |
| Class A-1 Note Rate                                                                            | 1.2294%                                                                                                                                                                                             |
| Class A-1 Note Final Scheduled Distribution Date                                               | May 25, 2004                                                                                                                                                                                        |
| Class A-1 CUSIP Number                                                                         | 149114BM1                                                                                                                                                                                           |
| Class A-2 Note Original Principal Balance                                                      | $143,000,000.00                                                                                                                                                                                     |
| Class A-2 Note Rate                                                                            | 1.25%                                                                                                                                                                                               |
| Class A-2 Note Final Scheduled Distribution Date                                               | October 25, 2005                                                                                                                                                                                    |
| Class A-2 CUSIP Number                                                                         | 149114BN9                                                                                                                                                                                           |
| Class A-3 Note Original Principal Balance                                                      | $284,500,000.00                                                                                                                                                                                     |
| Class A-3 Note Rate                                                                            | 1.66%                                                                                                                                                                                               |
| Class A-3 Note Final Scheduled Distribution Date                                               | December 26, 2007                                                                                                                                                                                   |
| Class A-3 CUSIP Number                                                                         | 149114BP4                                                                                                                                                                                           |
| Class B Note Original Principal Balance                                                        | $17,000,000.00                                                                                                                                                                                      |
| Class B Note Rate                                                                              |                                                                                                                                                                                                     | 2.27% |
| Class B Note Final Scheduled Distribution Date                                                 | March 25, 2009                                                                                                                                                                                      |
| Class B CUSIP Number                                                                           | 149114BQ2                                                                                                                                                                                           |
| Certificate Balance                                                                            |                                                                                                                                                                                                     | $10,243,196.21 |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **INPUTS FROM PREVIOUS PERIOD SERVICER REPORT**                                                |                                                                                                                                                                                                     |
| Note Value                                                                                     |                                                                                                                                                                                                     |  | N/A |
| Aggregate Contract Balance                                                                     | N/A                                                                                                                                                                                                 |
| Number of Contracts                                                                            |   N/A                                                                                                                                                                                          |
| Wtd. Avg. APR                                                                                  |                                                                                                                                                                                                     |  | N/A |
| Wtd. Avg. Remaining Term                                                                       | N/A                                                                                                                                                                                                 |
| Reserve Account Balance                                                                        | N/A                                                                                                                                                                                                 |
| Class A-1 Note Outstanding Principal Balance                                                   | N/A                                                                                                                                                                                                 |
| Class A-1 Note Interest Shortfall                                                              | N/A                                                                                                                                                                                                 |
| Class A-2 Note Outstanding Principal Balance                                                   | N/A                                                                                                                                                                                                 |
| Class A-2 Note Interest Shortfall                                                              | N/A                                                                                                                                                                                                 |
| Class A-3 Note Outstanding Principal Balance                                                   | N/A                                                                                                                                                                                                 |
| Class A-3 Note Interest Shortfall                                                              | N/A                                                                                                                                                                                                 |
| Class B Note Outstanding Principal Balance                                                     | N/A                                                                                                                                                                                                 |
| Class B Note Interest Shortfall                                                                | N/A                                                                                                                                                                                                 |
| Servicing Fee Shortfall                                                                        | N/A                                                                                                                                                                                                 |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **CURRENT COLLECTION PERIOD ACTIVITY**                                                         |                                                                                                                                                                                                     |
| Total Interest Collections                                                                     | $23,760,332.86                                                                                                                                                                                      |
| Total Principal Collections                                                                    | $202,135,886.03                                                                                                                                                                                     |
| Residual Collections                                                                           | $135,256.70                                                                                                                                                                                         |
| Warranty Repurchases Contracts                                                                 | $0.00                                                                                                                                                                                               |
| Administrative Repurchases                                                                     | $1,102,727.94                                                                                                                                                                                       |
| Liquidation Proceeds                                                                           | $1,285,676.57                                                                                                                                                                                       |
| Reserve Account Reinvestment Income                                                            | $61,760.82                                                                                                                                                                                          |
| Total Available Amount                                                                         | $228,481,640.92                                                                                                                                                                                     |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Beginning Note Value                                                                           | N/A                                                                                                                                                                                                 |
| Ending Note Value                                                                              |                                                                                                                                                                                                     | $475,512,152.71 |
| Beginning Aggregate Contract Balance                                                           | N/A                                                                                                                                                                                                 |
| Ending Aggregate Contract Balance                                                              | $476,641,561.60                                                                                                                                                                                     |
| Number of Contracts at Beginning of Period                                                     |   N/A                                                                                                                                                                                          |
| Number of Contracts at End of Period                                                           |                             9,133                            |
| Wtd. Avg. APR                                                                                  |                                                                                                                                                                                                     |  | 6.24% |
| Wtd. Avg. Remaining Term                                                                       |                                  31 |
| Aggregate Scheduled Amounts 31-60 days past due                                                | $9,715,801.04                                                                                                                                                                                       |
| Aggregate Scheduled Amounts 61 days or more past due                                           | $5,592,808.46                                                                                                                                                                                       |
| Net Losses on Liquidated Receivables this Period                                               | $743,070.73                                                                                                                                                                                         |
| Repossessed Equipment not Sold or Reassigned (Beginning)                                       | $0.00                                                                                                                                                                                               |
| Repossessed Equipment not Sold or Reassigned (End)                                             | $5,030,027.37                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **CALCULATION OF DISTRIBUTABLE AMOUNTS**                                                       |                                                                                                                                                                                                     |
| Servicing Fee Due                                                                              |                                                                                                                                                                                                     | $3,943,475.52 |
| Is CFSC or Affiliate Servicer (Yes / No)?                                                      | Yes                                                                                                                                                                                                 |
| Has Reserve Account Reached the Specified Reserve Account Balance (Yes / No)?                  | Yes                                                                                                                                                                                                 |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Administration Fee                                                                             |                                                                                                                                                                                                     | $4,000.00 |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class A-1 Noteholders' Monthly Interest Distributable Amount                                   | $1,125,946.31                                                                                                                                                                                       |
| Class A-1 Noteholders' Interest Carryover Shortfall                                            | $0.00                                                                                                                                                                                               |
| Class A-1 Noteholders' Interest Distributable Amount                                           | $1,125,946.31                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class A-2 Noteholders' Monthly Interest Distributable Amount                                   | $1,176,770.83                                                                                                                                                                                       |
| Class A-2 Noteholders' Interest Carryover Shortfall                                            | $0.00                                                                                                                                                                                               |
| Class A-2 Noteholders' Interest Distributable Amount                                           | $1,176,770.83                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class A-3 Noteholders' Monthly Interest Distributable Amount                                   | $3,109,110.83                                                                                                                                                                                       |
| Class A-3 Noteholders' Interest Carryover Shortfall                                            | $0.00                                                                                                                                                                                               |
| Class A-3 Noteholders' Interest Distributable Amount                                           | $3,109,110.83                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class A Noteholders' Monthly Interest Distributable Amount                                     | $5,411,827.98                                                                                                                                                                                       |
| Class A Noteholders' Interest Carryover Shortfall                                              | $0.00                                                                                                                                                                                               |
| Class A Noteholders' Interest Distributable Amount                                             | $5,411,827.98                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| First Priority Principal Distribution Amount                                                   | $2,615,017.00                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class B Noteholders' Monthly Interest Distributable Amount                                     | $254,050.83                                                                                                                                                                                         |
| Class B Noteholders' Interest Carryover Shortfall                                              | $0.00                                                                                                                                                                                               |
| Class B Noteholders' Interest Distributable Amount                                             | $254,050.83                                                                                                                                                                                         |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Second Priority Principal Distribution Amount                                                  | $120,970,456.82                                                                                                                                                                                     |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Net Excess Spread Amount                                                                       | $7,893,433.41                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Regular Principal Distribution Amount                                                          | $81,945,569.68                                                                                                                                                                                      |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Total Required Payment                                                                         | $129,251,352.63                                                                                                                                                                                     |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Draw from Reserve Account                                                                      | $0.00                                                                                                                                                                                               |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Total Distribution Amount                                                                      | $228,481,640.92                                                                                                                                                                                     |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **DISTRIBUTIONS FROM COLLECTION ACCOUNT**                                                      |                                                                                                                                                                                                     |
| 1.   Servicing Fee (if CFSC or Affiliate is NOT servicer)                            | $0.00                                                                                                                                                                                               |
| 2.   Administration Fee (if CFSC or Affiliate is NOT servicer)                       | $4,000.00                                                                                                                                                                                           |
| 3.   Class A Noteholders' Interest Distributable Amount to Class A Noteholders       | $5,411,827.98                                                                                                                                                                                       |
| 4.   First Priority Principal Distribution Amount to Principal Distribution Account  | $2,615,017.00                                                                                                                                                                                       |
| 5.   Class B Noteholders' Interest Distributable Amount to Class B Noteholders       | $254,050.83                                                                                                                                                                                         |
| 6.   Second Priority Principal Distribution Amount to Principal Distribution Account | $120,970,456.82                                                                                                                                                                                     |
| 7.   Deposit to Reserve Account                                                      | $6,810,431.96                                                                                                                                                                                       |
| 8.   Regular Principal Distribution Amount to Principal Distribution Account         | $81,945,569.68                                                                                                                                                                                      |
| 9.   Servicing Fee (if CFSC or Affiliate IS servicer)                                | $3,943,475.52                                                                                                                                                                                       |
| 10. Deposit to Certificate Distribution Account                                                | $6,526,811.13                                                                                                                                                                                       |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **DISTRIBUTIONS FROM PRINCIPAL DISTRIBUTION ACCOUNT**                                          |                                                                                                                                                                                                     |
| 1.   Principal to Class A-1 Noteholders                                              | $205,531,043.50                                                                                                                                                                                     |
| 2.   Principal to Class A-2 Noteholders                                              | $0.00                                                                                                                                                                                               |
| 3.   Principal to Class A-3 Noteholders                                              | $0.00                                                                                                                                                                                               |
| 4.   Principal to Class B Noteholders                                                | $0.00                                                                                                                                                                                               |
| 5.   Deposit to Certificate Distribution Account                                     | $0.00                                                                                                                                                                                               |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **RECONCILIATION OF RESERVE ACCOUNT**                                                          |                                                                                                                                                                                                     |
| Beginning Reserve Account Balance                                                              | N/A                                                                                                                                                                                                 |
| Draw from Reserve Account to cover shortfalls                                                  | $0.00                                                                                                                                                                                               |
| Interim Specified Reserve Account Balance                                                      | $15,323,471.91                                                                                                                                                                                      |
| Deposit to Reserve Account Needed                                                              | $6,810,431.96                                                                                                                                                                                       |
| Deposit to Reserve Account from Collection Account                                             | $6,810,431.96                                                                                                                                                                                       |
| Specified Reserve Account Balance                                                              | $15,323,471.91                                                                                                                                                                                      |
| Reserve Account Release deposited into Certificate Distribution Account                        | $0.00                                                                                                                                                                                               |
| Ending Reserve Account Balance                                                                 | $15,323,471.91                                                                                                                                                                                      |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| **SUMMARY OF DISTRIBUTIONS**                                                                   |                                                                                                                                                                                                     |
| Servicing Fee Paid to Servicer                                                                 | $3,943,475.52                                                                                                                                                                                       |
| Servicing Fee Shortfall                                                                        | $0.00                                                                                                                                                                                               |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class A-1 Interest Paid                                                                        | $1,125,946.31                                                                                                                                                                                       |
| Class A-1 Interest Shortfall                                                                   | $0.00                                                                                                                                                                                               |
| Class A-1 Principal Paid                                                                       | $205,531,043.50                                                                                                                                                                                     |
| Ending Class A-1 Principal Balance                                                             | $20,768,956.50                                                                                                                                                                                      |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class A-2 Interest Paid                                                                        | $1,176,770.83                                                                                                                                                                                       |
| Class A-2 Interest Shortfall                                                                   | $0.00                                                                                                                                                                                               |
| Class A-2 Principal Paid                                                                       | $0.00                                                                                                                                                                                               |
| Ending Class A-2 Principal Balance                                                             | $143,000,000.00                                                                                                                                                                                     |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class A-3 Interest Paid                                                                        | $3,109,110.83                                                                                                                                                                                       |
| Class A-3 Interest Shortfall                                                                   | $0.00                                                                                                                                                                                               |
| Class A-3 Principal Paid                                                                       | $0.00                                                                                                                                                                                               |
| Ending Class A-3 Principal Balance                                                             | $284,500,000.00                                                                                                                                                                                     |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Class B Interest Paid                                                                          | $254,050.83                                                                                                                                                                                         |
| Class B Interest Shortfall                                                                     | $0.00                                                                                                                                                                                               |
| Class B Principal Paid                                                                         | $0.00                                                                                                                                                                                               |
| Ending Class B Principal Balance                                                               | $17,000,000.00                                                                                                                                                                                      |
|                                                                                                |                                                                                                                                                                                                     |  |  |
| Deposit to Certificate Distribution Account                                                    | $6,526,811.13                                                                                                                                                                                       |