**Certification      Regarding Compliance with Applicable Servicing Criteria**

| 1. | Nissan                Motor Acceptance Corporation (“NMAC”) 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 12-month period                ending December 31, 2006 (the “Reporting Period”). The transactions                covered by this report include asset-backed securities transactions                involving motor vehicle retail installment sale contracts and lease                contracts (the “Platform”) for which NMAC acted as                servicer; |
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| 2. | NMAC                has engaged certain vendors (the “Vendors”) to perform specific, limited                or scripted activities, and NMAC elects to take responsibility for                assessing compliance with the servicing criteria or portion of the                servicing criteria applicable to such Vendors’                activities; |
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| 3. | Presented                in Appendix A hereto are the servicing criteria (and portions thereof)                impacted by the Vendors’ activities and for which NMAC is assuming                responsibility; |
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| 4. | Except                as set forth in paragraphs 5 and 6 below, NMAC used the criteria                set forth                in paragraph (d) of Item 1122 of Regulation AB to assess the compliance                with the applicable servicing                criteria; |
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| 5. | NMAC                has determined that criteria 1122(d)(1)(iii), (d)(1)(iv), (d)(2)(vi),                (d)(4)(ix), (d)(4)(x) and (d)(4)(xv) are not applicable to NMAC based                on                the activities it performs, directly or through its Vendors or                subsidiaries, with respect to the                Platform; |
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| 6. | NMAC                has determined that (a) criteria 1122(d)(2)(ii) and (d)(3)(ii)-(iii)                pertaining to the actual disbursement or remittance of funds to investors                and (b) aspects of criteria (d)(2)(iv) and (d)(3)(iv) do not apply                to NMAC                since performance of activities in connection with such criteria                are the                responsibility of a different party participating in the servicing                function; |
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| 7. | NMAC                has complied, in all material respects, with the applicable servicing                criteria as of December 31, 2006 and for the Reporting Period** **with                respect to the Platform taken as a whole, except for certain instances                of                non-compliance described in Appendix B                hereto; |
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| 8. | NMAC                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, 2006 and for the Reporting Period with respect to the                Platform taken as a whole; |
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| 9. | NMAC                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, 2006 and for the Reporting Period with                respect                to the Platform taken as a whole;                and |
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| 10. | Deloitte                & Touche LLP (“D&T”), a registered public accounting firm, has                issued an attestation report (the “Attestation”) on NMAC’s assessment of                compliance with the applicable servicing criteria for the Reporting                Period. |
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**APPENDIX      A**

|  **Reference**     |  **Servicing                Criteria**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  **Vendor(s)                Involved**                                                                   |
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|               |  **Cash                Collection and Administration**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                               |
|  1122(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                following receipt, or such other number of days specified in the                transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  Mellon                Working Capital Solutions, Citigroup Inc., BillMatrix                Corporation  |
|  1122(d)(2)(vii)   |  Reconciliations                are prepared on a monthly basis for all asset-backed securities related                bank accounts, including custodial accounts and related bank clearing                accounts. These reconciliations are (A) mathematically accurate;                (B)                prepared within 30 calendar days after the bank statement cutoff                date, or                such other number of days specified in the transaction agreements;                (C)                reviewed and approved by someone other than the person who prepared                the                reconciliation; and (D) contain explanations for reconciling items.                These                reconciling items are resolved within 90 calendar days of their original                identification, or such other number of days specified in the transaction                agreements.  |  Genpact                                                                                                 |
|               |  **Pool                Asset Administration**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                               |
|  1122(d)(4)(i)     |  Collateral                or security on pool assets is maintained as required by the transaction                agreements or related mortgage loan documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  DealerTrack,                Inc.                                                                        |
|  1122(d)(4)(ii)    |  Pool                asset and related documents are safeguarded as required by the transaction                agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  DealerTrack,                Inc.                                                                        |
|  1122(d)(4)(vi)    |  Changes                with respect to the terms or status of an obligor's pool assets (e.g.,                loan modifications or re-agings) are made, reviewed and approved                by                authorized personnel in accordance with the transaction agreements                and                related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  Genpact                                                                                                 |
|  1122(d)(4)(viii)  |  Records                documenting collection efforts are maintained during the period a                pool                asset is delinquent in accordance with the transaction agreements.                Such                records are maintained on at least a monthly basis, or such other                period                specified in the transaction agreements, and describe the entity’s                activities in monitoring delinquent pool assets including, for example,                phone calls, letters and payment rescheduling plans in cases where                delinquency is deemed temporary (e.g., illness or                unemployment).                                                                                                                                                                                                                                              |  Genpact                                                                                                 |

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**APPENDIX      B**

| 1. | Criteria                (d)(2)(i): “Payments on pool assets are deposited into the appropriate                custodial bank accounts and related bank clearing accounts... in such...                number of days specified in the transaction                agreements.” |
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