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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-K
 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2009
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 333-133770-07
(Commission File Number of Issuing Entity)
 Volkswagen Auto Lease Trust 2009-A
  Volkswagen Auto Lease/Loan Underwritten Funding, LLC
  VW Credit, Inc.
  State of Delaware
(State or other jurisdiction of 
incorporation or organization)
    
    11-3650483
(I.R.S. Employer
Identification No.
of Registrant)2200 Ferdinand Porsche Drive 
Herndon, Virginia
(Address of principal executive offices)
    
    20171
(Zip Code of Registrant)
 (703) 364-7000
 
  Title of each class
    
    Name of each exchange on which registeredNone
    
    None
 None
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  Large Accelerated Filer: o
    
    Accelerated Filer: o
    
    Non-Accelerated Filer: þ
    
    Smaller reporting company: o(Do not check if a smaller reporting company)
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 None
 None




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TABLE OF CONTENTS  PART 1(A) Item 1 Business(B) Item 1A Risk Factors(C) Item 2 Properties(D) Item 3 Legal ProceedingsItem 1B. Unresolved Staff CommentsPART II(A) Item 4 Market for Registrants Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities(B) Item 5 Selected Financial Data(C) Item 6 Managements Discussion and Analysis of Financial Condition and Results of Operations(D) Item 6A Quantitative and Qualitative Disclosures About Market Risk(E) Item 7 Financial Statements and Supplementary Data(F) Item 8 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure(G) Item 8A Controls and ProceduresItem 8A(T). Controls and proceduresItem 8B. Other InformationPART III(A) Item 9 Directors, Executive Officers and Corporate Governance(B) Item 10 Executive Compensation(C) Item 11 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters(D) Item 12 Certain Relationships and Related Transactions, and Director Independence(E) Item 13 Principal Accountant Fees and ServicesPART IVItem 14. Exhibits and Financial Statement SchedulesItem 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Information Regarding Significant Enhancement Providers)Item 1115(b) of Regulation AB. Certain Derivatives Instruments (Financial Information)Item 1117 of Regulation AB. Legal ProceedingsItem 1119 of Regulation AB. Affiliations and Certain Relationships and Related TransactionsItem 1122 of Regulation AB. Compliance with Applicable Servicing CriteriaItem 1123 of Regulation AB. Servicer Compliance StatementSIGNATURESEXHIBIT INDEXEX-31EX-33.1EX-33.2EX-34.1EX-34.2EX-35.1    Table of Contents  FORM 10-K
 
 PART 1
 THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10-K:
 
 (A) Item 1
    
    Business.
 
 (B) Item 1A
    
    Risk Factors.
 
 (C) Item 2
    
    Properties.
 
 (D) Item 3
    
    Legal Proceedings.
 
 Item 1B. Unresolved Staff Comments.
  
 PART II
 THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10-K:
 
 (A) Item 4
    
    Market for Registrants Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities.
 
 (B) Item 5
    
    Selected Financial Data.
 
 (C) Item 6
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations.
 
 (D) Item 6A
    
    Quantitative and Qualitative Disclosures About Market Risk.
 
 (E) Item 7
    
    Financial Statements and Supplementary Data.
 
 (F) Item 8
    
    Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
 
 (G) Item 8A
    
    Controls and Procedures.
 
 Item 8A(T). Controls and procedures
  
 Item 8B. Other Information.
  
 PART III
 THE FOLLOWING ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10-K:
 
 (A) Item 9
    
    Directors, Executive Officers and Corporate Governance.
 
 (B) Item 10
    
    Executive Compensation.
 
 (C) Item 11
    
    Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
 
 (D) Item 12
    
    Certain Relationships and Related Transactions, and Director Independence.
 
 (E) Item 13
    
    Principal Accountant Fees and Services.
 
 PART IV
 
 Item 14. Exhibits and Financial Statement Schedules.
 (a)
    
    (1) Not applicable.
 (2) Not applicable.(3) The exhibits filed in response to Item 601 of
Regulation S-K are listed in the Exhibit Index.




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(b)
    
    The exhibits filed in response to Item 601 of Regulation S-K are
listed in the Exhibit Index.(c)
    
    None.
 SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE WITH GENERAL INSTRUCTION J(2) TO FORM 10-K:
 Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).
  
 Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Information Regarding Significant Enhancement Providers).
  
 Item 1115(b) of Regulation AB. Certain Derivatives Instruments (Financial Information).
  
 Item 1117 of Regulation AB. Legal Proceedings.
  
 Item 1119 of Regulation AB. Affiliations and Certain Relationships and Related Transactions.
   (1)
    
    Indenture Trustee.(2)
    
    Owner Trustee.(3)
    
    Issuer Delaware Trustee(4)
    
    U.S. Bank National Association (in its capacities as UTI Trustee, Transaction SUBI Trustee
and Administrative Trustee).(5)
    
    Delaware Trustee.




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Item 1122 of Regulation AB. Compliance with Applicable Servicing Criteria.
   
 Item 1123 of Regulation AB. Servicer Compliance Statement.




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SIGNATURES
   VOLKSWAGEN AUTO LEASE TRUST 2009-ABy:
    VW Credit, Inc., as ServicerBy:
    /s/ Andrew StuartAndrew StuartExecutive Vice President & CFO
(senior officer in charge of the servicing function)




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EXHIBIT INDEX
 Exhibit 31
    
    Certification of Senior Officer in Charge of the Servicing Function of the Servicer
Pursuant to Rule 15d-14(d).Exhibit 33.1
    
    Report on Assessment of Compliance with Applicable Servicing Criteria for Asset-Backed
Securities of VW Credit, Inc.Exhibit 33.2
    
    Report on Assessment of Compliance with the Servicing Criteria for Asset-Backed
Securities of Deutsche Bank Trust Company Americas.Exhibit 34.1
    
    Attestation Report on Assessment of Compliance with the Servicing Criteria for
Asset-Backed Securities of Baker Tilly Virchow Krause, LLP, on behalf of VW Credit, Inc.Exhibit 34.2
    
    Attestation Report on Assessment of Compliance with the Servicing Criteria for
Asset-Backed Securities of KPMG, on behalf of Deutsche Bank Trust Company Americas.Exhibit 35.1
    
    Annual Servicer Compliance Statement of the Servicer for the year ended December 31, 2009.