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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549
                                    FORM 10-K

              (X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934
                   For The Fiscal Year Ended December 31, 1996
                                       OR
            ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                For The Transition Period From ____________ to _________

                       Commission File Number 333-08645-01
                    CAPITA EQUIPMENT RECEIVABLES TRUST 1996-1

            A NEW YORK                        I.R.S. EMPLOYER IDENTIFICATION
         BUSINESS TRUST                              No. 13-709732

                          c/o AT&T Capital Corporation
               44 Whippany Road, Morristown, New Jersey 07962-1983
                          Telephone Number 201-397-3000

                               ------------------

          Securities registered pursuant to Section 12(b) of the Act:

Title of each class                                Name of exchange on
                                                     which registered

-------------------                                -------------------
Receivable-Backed Notes                                   None

Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. YES [X] NO [ ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

State the aggregate market value of the voting stock held by  non-affiliates  of
registrant.  The  aggregate  market  value shall be computed by reference to the
price at which the stock was sold,  or the average bid and asked  prices of such
stock,  as of  specified  date  within 60 days prior to the date of filing.  Not
Applicable

                       DOCUMENTS INCORPORATED BY REFERENCE
                                 Not Applicable



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                             TABLE OF CONTENTS

                                  PART I
<TABLE>
<CAPTION>
     Item                          Description                        Page
      <S>                                                              <C>
       2.      Properties                                               1
       3.      Legal Proceedings                                        1
       4.      Submission of Matters to a Vote of Security-Holders      1

                                  PART II

       5.      Market for Registrant's Common Equity and Related
                Stockholder Matters                                     1

       9.      Changes in and Disagreements with Accountants on
                Accounting and Financial Disclosure                     1

                                  PART III

      12.      Security Ownership of Certain Beneficial Owners and
                Management                                              2

      13.      Certain Relationships and Related Transactions           2

                                  PART IV

      14.      Exhibits, Financial Statement Schedules, and Reports
                on Form 8-K                                             2
</TABLE>



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                                     PART I

ITEM 2.  PROPERTIES

         The Trust owns no physical properties.

ITEM 3.  LEGAL PROCEEDINGS

         There are no pending legal proceedings.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS

         No  matter  has  been  submitted  to a  vote  of  the  holders  of  the
         Receivable-Backed Notes or Equity Certificates through the solicitation
         of proxies or otherwise.

                                   PART II

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

         There is no established public trading market for the Equity
         Certificates of the Trust.  As of December 31, 1996, the number of
         holders of record were as follows: Equity Certificates: 1.  As of
         December 31, 1996, two monthly distributions had been made to the
         holders of the Equity Certificates.

Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE.

        Not Applicable.

                                       -1-



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                                    PART III

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

         Not Applicable.

Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

         None

                                     PART IV

Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.

        a) Documents filed as a part of the report:

               (3)  Exhibits:

                   99(a)    Report of Independent Auditors

                   99(b)    Management Assertion pursuant to Section 3.11 of the
                            Transfer and  Servicing  Agreement  dated October 1,
                            1996  between  Capita  Equipment  Receivables  Trust
                            1996-1,  Antigua Funding  Corporation,  AT&T Capital
                            Corporation and The Chase Manhattan Bank.

            b)   Current Reports on Form 8-K:

                 Reports on Form 8-K dated November 8, 1996 and December 9, 1996
                 related to the Capita  Equipment  Receivables  Trust  1996-1
                 Receivable-Backed Notes were filed.

                                       -2-




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                                  SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                               CAPITA EQUIPMENT RECEIVABLES TRUST 1996-1

                               By: AT&T Capital Corporation, as Servicer

                               By:  EDWARD M. DWYER
                                  ______________________
                                    Edward M. Dwyer
                                    Senior Vice  President and
                                    Chief Financial Officer of
                                    AT&T Capital Corporation

 March 28, 1997

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                                  EXHIBIT INDEX

Exhibit No.

            99(a)  Report of Independent Accountants

            99(b)  Management Assertion

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