Exhibit No. 99.2

                      Annual Statement as to Compliance

                          Newcourt Credit Group Inc.

                       Newcourt Receivables Asset Trust

               The undersigned, a duly authorized representative of
          Newcourt Credit Group Inc. ("Newcourt"), as Servicer
          pursuant to the Pooling, Collateral Agency and Servicing
          Agreement dated as of April 15, 1996 (the "Pooling and
          Servicing Agreement"), among Newcourt Receivables
          Corporation, as Seller, Newcourt Credit Group Inc., as
          Servicer, Fleet National Bank, as Collateral Agent, and
          Chase Manhattan Bank Delaware, as Issuer Trustee, does
          hereby certify that:

               1.   Capitalized terms used in this Officer's
                    Certificate have their respective meanings set
                    forth in the Pooling and Servicing Agreement.

               2.   Newcourt is as of the date hereof the Servicer
                    under the Pooling and Servicing Agreement.

               3.   The undersigned is duly authorized pursuant to
                    the Pooling and Servicing Agreement to execute
                    and deliver this Officer's Certificate.

               4.   This certificate is delivered pursuant to
                    Section 3.11 of the Pooling and Servicing
                    Agreement.

               5.   A review of the activities of the Servicer
                    during the year ended December 31, 1996 and of
                    its performance under the Pooling and Servicing
                    Agreement was made under my supervision.

               6.   Based on such review, to the best of the
                    undersigned's knowledge, the Servicer has
                    performed or has caused to be performed in all
                    material respects all of its obligations under
                    the Pooling and Servicing Agreement throughout
                    such year and no Servicer Default has occurred
                    or is continuing except as set forth in
                    paragraph 7 below.

               7.   The following is a description of each Servicer
                    Default under the provisions of the Pooling and
                    Servicing Agreement known to me to have been
                    made during the year ended December 31, 1996,
                    which sets forth in detail the (i) nature of
                    each such Servicer Default, (ii) the action
                    taken by the Servicer, if any, to remedy each
                    such Servicer Default and (iii) the current
                    status of each such Servicer Default: None.

               IN WITNESS WHEREOF, the undersigned, a duly
               authorized officer of the Servicer, has duly
               executed this Certificate this 27th  day of March,
               1997.

                                        By: /s/Daniel A. Jaurenig
                                            ---------------------
                                             Daniel A. Jauernig
                                             Treasurer