**Exhibit 99.1**

 

AmeriCreditAutomobile Receivables Trust 2001-DClass A-1 2.39125 % Asset Backed NotesClass A-2 Floating Rate Asset Backed NotesClass A-3 Floating Rate Asset Backed NotesClass A-4 4.4100 % Asset Backed NotesPreliminary Servicer’s Certificate

 

This Servicer’s Certificate has been preparedpursuant to Section 4.9 of the Sale and Servicing Agreement among AmeriCreditAutomobile Receivables Trust 2001-D, as Issuer, AmeriCredit Financial Services,Inc., as Servicer, AFS Funding Corp., as Seller, and Bank One N.A., as theBackup Servicer and Trust Collateral Agent, dated as of October 24, 2001.  Defined terms have the meanings assigned tothem in the Sale and Servicing Agreement or in other Transaction Documents.

 

The undersigned hereby certifies that noTrigger Event has occurred on the related Determination Date and that, to theknowledge of the Servicer, no Insurance Agreement Event of Default hasoccurred.

 
| **Monthly  Period Beginning:**      | 12/01/2002 | ** ** | ** **            | ** ** | **Cut-off** | **Closing** | **Original**     |
|-------------------------------------|------------|------------|-----------------------|------------|-------------|-------------|------------------|
| **Monthly  Period Ending:**         | 12/31/2002 | ** ** | **Purchases**         | **Units**  | **Date**    | **Date**    | **Pool Balance** |
| **Prev.  Distribution/Close Date:** | 12/06/2002 |       | **Initial  Purchase** | 57,375     | 10/17/2001  | 10/24/2001  | $899,998,959     |
| **Distribution  Date:**             | 01/06/2003 |       | **Sub.  Purchase #1** | 56,280     | 01/09/2002  | 01/17/2002  | 900,000,462      |
| **Days of  Interest for Period:**   | 31         |       | ** **            |       |        |        |             |
| **Days in  Collection Period:**     | 31         |       |                  |       |        |        |
| **Months  Seasoned:**               | 14         |       | **Total**             | 113,655    |        |        | $1,799,999,421   |

 
| **I.**  | **MONTHLY  PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION:** |
|---------|----------------------------------------------------------------|
| **{1}** | Beginning of period  Aggregate Principal Balance               |   | **{1}** | $1,311,769,705 |
| **{2}** | Purchase of Subsequent  Receivables                            |   |   | **{2}** | 0 |
|    | Monthly Principal Amounts                                      |   |   |   |   |
|    | **{3}**                                                        | Collections on Receivables  outstanding at end of period | **{3}** | 34,057,396 |   |   |
|    | **{4}**                                                        | Collections on Receivables  paid off during period | **{4}** | 14,503,908 |   |   |
|    | **{5}**                                                        | Receivables becoming  Liquidated Receivables during period | **{5}** | 13,661,299 |   |   |
|    | **{6}**                                                        | Receivables becoming  Purchased Receivables during period | **{6}** | 0 |   |   |
|    | **{7}**                                                        | Other Receivables  adjustments | **{7}** | 1,037 |   |   |
|    | **{8}**                                                        | Less amounts allocable to  Interest | **{8}** | (18,228,033) |   |   |
|    | **{9}**                                                        | Total Monthly Principal  Amounts |   |   | **{9}** | 43,995,607 |
|    | **{10}**                                                       | End of period Aggregate Principal Balance |   |   | **{10}** | $1,267,774,098 |
|    | **{11}**                                                       | Pool Factor ( {10} / Original Pool Balance) |   |   | **{11}** | 70.4319170% |

 
| **II.**  | **MONTHLY PERIOD NOTE BALANCE CALCULATION:**      | **Class A-1** | **Class A-2** | **Class A-3** | **Class A-4** | **TOTAL**    |
|----------|---------------------------------------------------|---------------|---------------|---------------|---------------|--------------|
| **{12}** | Original Note Balance                             | **{12}**      | $234,000,000  | $610,000,000  | $481,000,000  | $475,000,000 | $1,800,000,000 |
| **{13}** | Beginning of period Note  Balance                 | **{13}**      | $0            | $247,833,759  | $481,000,000  | $475,000,000 | $1,203,833,759 |
| **{14}** | Noteholders’ Principal  Distributable Amount | **{14}**      | 0             | 43,995,607    | 0             | 0            | 43,995,607 |
| **{15}** | Noteholders’ Accelerated  Principal Amount   | **{15}**      | 0             | 0             | 0             | 0            | 0 |
| **{16}** | Accelerated Payment Amount  Shortfall             | **{16}**      | 0             | 3,712,499     | 0             | 0            | 3,712,499 |
| **{17}** | Deficiency Claim Amount                           | **{17}**      | 0             | 0             | 0             | 0            | 0 |
| **{18}** | End of period Note Balance                        | **{18}**      | $0            | $200,125,653  | $481,000,000  | $475,000,000 | $1,156,125,653 |
| **{19}** | Note Pool Factors  ({18} / {12})             | **{19}**      | 0.0000000%    | 32.8074841%   | 100.0000000%  | 100.0000000% | 64.2292029% |

 

1

----

 

 
| **III.** | **RECONCILIATION  OF PRE-FUNDING ACCOUNT:**          |     |   |   |
|----------|------------------------------------------------------|----------|--------|--------|
| **{20}** | Beginning of period  Pre-Funding Account balance     | **{20}** |   | $0     |
| **{21}** | Purchase of Subsequent  Receivables                  | **{21}** | 0      |   |
| **{22}** | Investment Earnings                                  | **{22}** | 0      |   |
| **{23}** | Investment Earnings  Transfer to Collections Account | **{23}** | 0      |   |
| **{24}** | Payment of Mandatory  Prepayment Amount              | **{24}** | 0      |   |
| **{25}** | Total Month Activity                                 | **{25}** |   | 0      |
| **{26}** | End of period Pre-Funding  Account balance           | **{26}** |   | $0     |

 
| **IV.**  | **CALCULATION  OF PRINCIPAL DISTRIBUTABLE AMOUNT**       |     |          |        |
|----------|----------------------------------------------------------|----------|---------------|-------------|
| **{27}** | Total Monthly Principal  Amounts                         | **{27}** |          | $43,995,607 |
| **{28}** | Required Pro-forma Note  Balance                         | **{28}** | 1,153,674,429 |        |
| **{29}** | Pro-forma Note Balance                                   | **{29}** | 1,159,838,152 |        |
| **{30}** | Step-down Amount  (Max of 0 or ({28} — {29}))  | **{30}** |          | 0           |
| **{31}** | Principal Distributable  Amount  ({27} — {30}) | **{31}** |          | $43,995,607 |

 
| **V.**   | **RECONCILIATION  OF CAPITALIZED INTEREST ACCOUNT:**            |     |   |   |
|----------|-----------------------------------------------------------------|----------|--------|--------|
| **{32}** | Beginning of period  Capitalized Interest  Account balance | **{32}** |   | $0     |
| **{33}** | Monthly Capitalized  Interest Amount                            | **{33}** | 0      |   |
| **{34}** | Investment Earnings                                             | **{34}** | 0      |   |
| **{35}** | Investment Earnings  Transfer to Collections Account            | **{35}** | 0      |   |
| **{36}** | Payment of Overfunded  Capitalized Interest Amount              | **{36}** | 0      |   |
| **{37}** | Payment of Remaining  Capitalized Interest Account              | **{37}** | 0      |   |
| **{38}** | Total Monthly Activity                                          | **{38}** |   | 0      |
| **{39}** | End of period Capitalized  Interest Account balance             | **{39}** |   | $0     |

 
| **VI.**    | **RECONCILIATION  OF COLLECTION ACCOUNT:**               | ** **                                                                       | ** **                   | ** **               |
|------------|----------------------------------------------------------|----------------------------------------------------------------------------------|------------------------------|--------------------------|
| ** ** | **Available  Funds:**                                    | ** **                                                                       | ** **                   | ** **               |
| ** ** | **{40}**                                                 | Collections on Receivables  during period (net of Liquidation Proceeds and Fees) | **{40}**                     | $48,289,864              |   |
| ** ** | **{41}**                                                 | Liquidation Proceeds  collected during period                                    | **{41}**                     | 4,397,574                |   |
| ** ** | **{42}**                                                 | Purchase Amounts deposited  in Collection                                        | **{42}**                     |                     |   |
| ** ** | **{43}**                                                 | Investment Earnings —  Collection Account                                   | **{43}**                     | 39,435                   |   |
| ** ** | **{44}**                                                 | Investment Earnings —  Transfer From Prefunding Account                     | **{44}**                     | 0                        |   |
| ** ** | **{45}**                                                 | Investment Earnings —  Transfer From Capitalized Interest Account           | **{45}**                     | 0                        |   |
| ** ** | **{46}**                                                 | Collection of Supplemental  Servicing — Extension Fees                      | **{46}**                     | 277,123                  |   |
| ** ** | **{47}**                                                 | Collection of Supplemental  Servicing — Repo and Recovery Fees Advanced     | **{47}**                     | 332,628                  |   |
| ** ** | **{48}**                                                 | Collection of Supplemental  Servicing — Late Fees                           | **{48}**                     | 192,888                  |   |
| ** ** | **{49}**                                                 | Monthly Capitalized  Interest Amount                                             | **{49}**                     | 0                        |   |
| ** ** | **{50}**                                                 | Mandatory Note Prepayment  Amount                                                | **{50}**                     | 0                        |   |
| ** ** | **{51}**                                                 | Proceeds from Swap  Agreement                                                    | **{51}**                     | 0                        |   |
| ** ** | **{52}**                                                 | Total Available Funds                                                            | **{52}**                     |                     | 53,529,512 |
| ** ** | ** **                                               | ** **                                                                       | ** **                   | ** **               | ** ** |
| ** ** | **Distributions:**                                       | ** **                                                                       | ** **                   | ** **               |
| ** ** | ** **                                               | ** **                                                                       | Class A-2                    | Class A-3                | ** ** | ** ** | ** ** |
| ** ** | **{53}**                                                 | Swap Payments to Swap  Provider                                                  | 272,101                      | 836,673                  | **{53}** | 1‚108,774 | ** ** |
| ** ** | **{54}**                                                 | Base Servicing Fee —  to Servicer                                      | **{54}**                     | 2,459,568                | ** ** |
| ** ** | **{55}**                                                 | Repo and Recovery Fees —  reimbursed to Servicer                            | **{55}**                     | 332,628                  | ** ** |
| ** ** | **{56}**                                                 | Bank Service Charges —  reimbursed to Servicer                              | **{56}**                     | 7,443                    | ** ** |
| ** ** | **{57}**                                                 | Late Fees — to Servicer                                                     | **{57}**                     | 192,888                  | ** ** |
| ** ** | **{58}**                                                 | Agent fees — to Trustee                                                     | **{58}**                     | 417                      | ** ** |
| ** ** |                                                     | **Noteholders’ Interest Distributable Amount**                         |                         |                     | ** ** |
| ** ** | ** **                                               | **Class**                                                                        | **Beginning  Note  Balance** | **Interest  Carryover**  | **Interest  Rate** | **Days** | **Days  Basis** | **Calculated  Interest** |   |   | ** ** |
| ** ** | **{59}**                                                 | Class A — 1                                                                 | $0                           | 0                   | 2.39125% | 31 | Actual  days/360 | $0 ** ** | **{59}** | 0 | ** ** |
| ** ** | **{60}**                                                 | Class A — 2                                                                 | 247,833,759                  | 0                   | 1.67000% | 31 | Actual  days/360 | 356,399 | **{60}** | 356,399 | ** ** |
| ** ** | **{61}**                                                 | Class A — 3                                                                 | 481,000,000                  | 0                   | 1.74000% | 31 | Actual  days/360 | 720,698 | **{61}** | 720,698 | ** ** |
| ** ** | **{62}**                                                 | Class A — 4                                                                 | 475,000,000                  | 0                   | 4.41000% | 30 | 30/360 | 1,745,625 | **{62}** | 1,745,625 | ** ** |
| ** ** | ** **                                               | **Noteholders’ Principal Distributable Amount**** **                   | ** **                   | ** **               | ** ** |
| ** ** | ** **                                               | **Class**                                                                        | **Principal  Distributable** | **Principal  Carryover** | **Excess  Principal  Due** | **Mandatory  Note  Prepayment** | **Total****Principal** | ** ** | ** ** | ** ** |
| ** ** | **{63}**                                                 | Class A — 1                                                                 | $0                      | 0                        | 0 | 0 | $0 | **{63}** | 0 | ** ** |
| ** ** | **{64}**                                                 | Class A — 2                                                                 | 43,995,607                   | 0                        | 0 | 0 | 43,995,607 | **{64}** | 43,995,607 | ** ** |
| ** ** | **{65}**                                                 | Class A — 3                                                                 | 0                            | 0                        | 0 | 0 | 0 | **{65}** | 0 | ** ** |
| ** ** | **{66}**                                                 | Class A — 4                                                                 | 0                            | 0                        | 0 | 0 | 0 | **{66}** | 0 | ** ** |
| ** ** | **{67}**                                                 | Security Insurer Premiums —  to FSA                                    | **{67}**                     | 264,945                  | ** ** |
| ** ** | **{68}**                                                 | Security Insurer Premiums —  to RCCA                                   | **{68}**                     | 0                        | ** ** |
| ** ** | **{69}**                                                 | Total distributions                                                         | **{69}**                     |                     | 51,184,992 |
| **{70}**   | Excess Available Funds (or  Deficiency Claim Amount)     | **{70}**                                                                         | ** **                   | 2,344,520                |
| **{71}**   | Deposit to Spread Account  to Increase to Required Level | **{71}**                                                                         | ** **                   | 0                        |
| **{72}**   | Noteholders’ Accelerated  Principal Amount          | **{72}**                                                                         | ** **                   | 0                        |
| **{73}**   | Deposit to Spread Account                                | **{73}**                                                                         | ** **                   | $2,344,520               |
|            |                                                          |                                                                                  |                              |                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

 

2

----

 

 
| **VlI.**  | **CALCULATION  OF ACCELERATED PRINCIPAL AMOUNT**                            |     |           |       |
|-----------|-----------------------------------------------------------------------------|----------|----------------|------------|
| **{74}**  | Excess Available Funds  After Amount to Increase Spread to Required Level   | **{74}** | $2,344,520     |       |
| **{75}**  | Pro Forma Note Balance  ({13} — {9})                              | **{75}** | 1,159,838,152  |       |
| **{76}**  | Required Pro Forma Note  Balance  (91.0% x ({10} + {26}))              | **{76}** | 1,153,674,429  |       |
| **{77}**  | Excess of Pro Forma Balance  over Required Balance  ({75} — {76}) | **{77}** | 6,163,723      |       |
| **{78}**  | End of Period Class A-1  Note Balance Prior to Accelerated Principal        | **{78}** | 0              |       |
| **{79}**  | Lesser of {77} or {78}                                                      | **{79}** | 0              |       |
| **{80}**  | Accelerated Principal  Amount (lesser of  {74} or {79})                | **{80}** |           | $0         |
|      |                                                                        |     |           |       |
| **VIII.** | **CALCULATION  OF ACCELERATED PAYMENT AMOUNT SHORTFALL**                    |     |           |       |
| **{81}**  | Pro Forma Note Balance  ({13} — {9})                              | **{81}** | $1,159,838,152 |       |
| **{82}**  | Required Pro Forma Note  Balance  (91.0% x ({10} + {26}))              | **{82}** | 1,153,674,429  |       |
| **{83}**  | Excess of Pro Forma Balance  over Required Balance  ({81} — {82}) | **{83}** | 6,163,723      |       |
| **{84}**  | End of Period  Class A-1 Note Balance                                  | **{84}** | 0              |       |
| **{85}**  | Greater of {83} or {84}                                                     | **{85}** | 6,163,723      |       |
| **{86}**  | Excess Available Funds  After Amount to Increase Spread to Required Level   | **{86}** | 2,344,520      |       |
| **{87}**  | Investment Earnings on  Collection Account  ({43})                     | **{87}** | 39,435         |       |
| **{88}**  | Accelerated Payment Amount  Shortfall ({85} — {86} + {87})             | **{88}** |           | $3,858,638 |

 
| **IX.**   | **RECONCILIATION  OF SPREAD ACCOUNT:**                                                                                                | **Initial**                                                                                        | **Sub #1**  | **Sub #2**            | **Sub #3** |   |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|-------------|-----------------------|------------|--------|
|      |                                                                                                                                  |                                                                                               |        |                  |       |   | **Total** |
| **{89}**  |                                                                                                                                  | **Initial or  Subsequent Spread Account Deposits**                                                 | $17,999,979 | $18‚000‚009 | $0         | $0     | $35,999,988 |
| **{90}**  |                                                                                                                                  | **Beginning  of period Spread Account balance**                                                    |        |                  | **{90}**   |   | $39,353,091 |
|      |                                                                                                                                  | **Additions  to Spread Account**                                                                   |        |                  |       |   |   |
|      | **{91}**                                                                                                                              | Deposits from Collections  Account                                                                 | **{91}**    | 2,344,520             |       |
|      | **{92}**                                                                                                                              | Investment Earnings                                                                                | **{92}**    | 48,111                |       |
|      | **{93}**                                                                                                                              | Deposits Related to  Subsequent Receivables Purchases                                              | **{93}**    | 0                     |       |
|      | **{94}**                                                                                                                              | Total Additions                                                                                    | **{94}**    |                  | 2,392,631  |
| **{95}**  | **Spread  Account balance available for   withdrawals**                                                                          | **{95}**                                                                                           |        | 41,745,722            |
|      | **Requisite  Amount of Spread Account**                                                                                               |                                                                                               |        |                  |
|      | **    During  Funding Period (The amount below will be zero after the funding period.)**                          |                                                                                               |        |                  |
|      | **{96}**                                                                                                                              | 3% of the Aggregate  Principal Balance and the Pre-Funded Amount                                   | **{96}**    | 0                     |       |
|      | **    After  Funding Period  (All amounts below  will be zero if not applicable or during funding period.)** |                                                                                               |        |                  |
|      |                                                                                                                                  | Floor Amount   (Calculation Below)                                                       | =           | 26,999,991            |       |   |   |   |
|      | **{97}**                                                                                                                              | (Max of  (1.) $100,000 or  (2.)  Lesser of Note Balance and 1.5%  Original Pool Balance) | **{97}**    | 0                     |       |
|      | **{98}**                                                                                                                              | Recourse Reduction  Amount  (if any)                                                          | **{98}**    | 0                     |       |
|      | **{99}**                                                                                                                              | If OC percentage is less  than 12%, then 3% of Aggr. End Balance                                   | 38,033,223  |                  | 38,033,223 |   |
|      | **{100}**                                                                                                                             | If OC % is equal to or  greater than 12.00%, then (12%—OC level)*Aggr Prin Bal                | 0           |                  | 0          |   |
|      | **{101}**                                                                                                                             | If Trigger Event exists  then 16% of the Aggregate Principal Balance                               | **{101}**   | 0                     |       |
|      | **{102}**                                                                                                                             | If an Insurance Agreement  Event of Default exists then an unlimited amount (as specified by FSA)  | **{102}**   | 0                     |       |
|      | **{103}**                                                                                                                             | Requisite Amount of Spread  Account                                                                | **{103}**   |                  | 38,033,223 |
|      |                                                                                                                                  |                                                                                               |        |                  |       |
|      | **Withdrawals  from Spread Account**                                                                                                  |                                                                                               |        |                  |
|      | **{104}**                                                                                                                             | Priority First — Deficiency  Claim Amount                                                     | **{104}**   | 0                     |       |
|      |                                                                                                                                  | Priority Second —  Accelerated Payment Amount Shortfall=                                      |        | 3,858,638             |       |   |   |   |
|      | **{105}**                                                                                                                             |     Accelerated  Payment Amount Shortfall in Excess of Requisite Amount        | **{105}**   | 3,712,499             |       |
|      | **{106}**                                                                                                                             | Priority Third through  Fourth                                                                     | **{106}**   |                  |       |
|      | **{107}**                                                                                                                             | Priority Fifth through  Sixth                                                                      | **{107}**   |                  |       |
|      | **{108}**                                                                                                                             | Priority Seventh — to  Servicer                                                               | **{108}**   | 0                     |       |
|      | **{109}**                                                                                                                             | Total withdrawals                                                                                  | **{109}**   |                  | 3,712,499  |
|      |                                                                                                                                  |                                                                                               |        |                  |       |
| **{110}** | **End of  period Spread Account balance**                                                                                             | **{110}**                                                                                          |        | 38,033,223            |
|           |                                                                                                                                       |                                                                                                    |             |                       |            |        |  |  |  |  |  |  |

 
| **X.** | **CALCULATION  OF OC LEVEL AND OC PERCENTAGE** |                                                                             |      |          |
|--------|------------------------------------------------|----------------------------------------------------------------------------------|-----------|---------------|
|   | **{111}**                                      | Aggregate Principal Balance                                                      | **{111}** | 1,267,774,098 |   |
|   | **{112}**                                      | End of period Note Balance                                                       | **{112}** | 1,156,125,653 |   |
|   | **{113}**                                      | Line {111} less line {112}  (During Funding Period amount equal to zero)         | **{113}** | 111,648,445   |   |
|   | **{114}**                                      | OC level     {113} / {111}                                   | **{114}** | 8.81%         |   |
|   | **{115}**                                      | Ending Spread Bal as a  percentage of Aggregate Principal Bal ({110}/{111}+{26}) | **{115}** | 3.00%         |   |
|   | **{116}**                                      | OC Percentage ({114} +  {115})                                                   | **{116}** |          | **11.81%** |

 
| By:    | /s/ Connie Coffey                          |
|--------|--------------------------------------------|
| Name:  | Connie Coffey                              |
| Title: | Senior Vice President,  Treasury Reporting |
| Date:  | January 2, 2003                            |

 

 

 

3

----

 

AmeriCredit AutomobileReceivables Trust 2001-D

Class A-1 2.39125 % AssetBacked Notes

Class A-2 Floating Rate AssetBacked Notes

Class A-3 Floating Rate AssetBacked Notes

Class A-4 4.4100 % AssetBacked Notes

 Servicer’s Certificate

 

This Servicer’s Certificate has been prepared pursuant to Section 4.9 ofthe Sale and Servicing Agreement among AmeriCredit Automobile Receivables Trust2001-D, as Issuer, AmeriCredit Financial Services, Inc., as Servicer, AFSFunding Corp., as Seller, and Bank One N.A., as the Backup Servicer and TrustCollateral Agent, dated as of October 24, 2001.  Defined terms have the meanings assigned to them in the Sale andServicing Agreement or in other Transaction Documents.

 

The undersigned hereby certifies that no Trigger Event has occurred onthe related Determination Date and that, to the knowledge of the Servicer, noInsurance Agreement Event of Default has occurred.

 
| **Monthly Period Beginning:**      | 12/01/2002 |
|------------------------------------|------------|
| **Monthly Period Ending:**         | 12/31/2002 |
| **Prev. Distribution/Close Date:** | 12/06/2002 |
| **Distribution Date:**             | 01/06/2003 |
| **Days of Interest for Period:**   | 31         |
| **Days in Collection Period:**     | 31         |
| **Months Seasoned:**               | 14         |

 
| **I.**  | **MONTHLY PERIOD NOTE BALANCE CALCULATION:** | **Class A-1** | **Class A-2** | **Class A-3** | **Class A-4** | **TOTAL**    |
|---------|----------------------------------------------|---------------|---------------|---------------|---------------|--------------|
| **{1}** | Original Note Balance                        | **{1}**       | $234,000,000  | $610,000,000  | $481,000,000  | $475,000,000 | $1,800,000,000 |
|    |                                         |          |          |          |          |         |   |   |   |   |   |   |   |
| **{2}** | Preliminary End of period Note Balance       | **{2}**       | $0            | $200,125,653  | $481,000,000  | $475,000,000 | $1,156,125,653 |
|    |                                         |          |          |          |          |         |   |   |   |   |   |   |   |
| **{3}** | Deficiency Claim Amount                      | **{3}**       | 0             | 0             | 0             | 0            | 0 |
|    |                                         |          |          |          |          |         |   |   |   |   |   |   |   |
| **{4}** | End of period Note Balance                   | **{4}**       | $0            | $200,125,653  | $481,000,000  | $475,000,000 | $1,156,125,653 |
|    |                                         |          |          |          |          |         |   |   |   |   |   |   |   |
| **{5}** | Note Pool Factors  {4} / {1}            | **{5}**       | 0.0000000%    | 32.8074841%   | 100.0000000%  | 100.0000000% | 64.2292029% |

 
| **II.** | **RECONCILIATION OF SPREAD ACCOUNT:**                                      |    |        |   |
|---------|----------------------------------------------------------------------------|---------|-------------|--------|
|    |                                                                       |    |        |   |   |   |   |   |   |   |
| **{6}** | Preliminary End of period Spread Account balance                           | **{6}** | $38,033,223 |
|    |                                                                       |    |        |   |   |   |   |   |   |   |
| **{7}** | Priority First — Deficiency Claim Amount from preliminary certificate | **{7}** | 0           |
|    |                                                                       |    |        |   |   |   |   |   |   |   |
| **{8}** | End of period Spread Account balance                                       | **{8}** | $38,033,223 |

 
| **III.** | **MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES  CALCULATION:** |   |   |     |
|----------|-----------------------------------------------------------------------|--------|--------|----------|
|     |                                                                  |   |   |     |   |   |   |   |   |   |   |   |   |
|     |                                                                  |   |   |     |   |   |   |   |   |   |   | **Cumulative** | **Monthly** |
| **{9}**  | Original Number of Receivables                                        |   |   |     | **{9}** | 57,375 |   |
| **{10}** | Beginning of period number of Receivables                             |   |   |     | **{10}** | 0 | 91,205 |
| **{11}** | Number of Subsequent Receivables Purchased                            |   |   |     | **{11}** | 56,280 | 0 |
| **{12}** | Number of Receivables becoming Liquidated Receivables during period   |   |   | **{12}** | 7,716 | 1,048 |
| **{13}** | Number of Receivables becoming Purchased Receivables during period    |   |   | **{13}** | 0 | 0 |
| **{14}** | Number of Receivables paid off during period                          |   |   |     | **{14}** | 17,044 | 1,262 |
| **{15}** | End of period number of Receivables                                   |   |   |     | **{15}** | 88,895 | 88,895 |

 
| **IV.**  | **STATISTICAL DATA:   (CURRENT AND HISTORICAL)** |     |    |        |        |
|----------|-------------------------------------------------------|----------|---------|-------------|-------------|
|     |                                                  |     |    |        |        |   |   |   |   |   |   |
|     |                                                  |     |    |        |        |   |   |   | **Original** | ** Prev. Month** | **Current** |
| **{16}** | Weighted Average APR of the Receivables               | **{16}** | 17.99%  | 17.81%      | 17.80%      |
| **{17}** | Weighted Average Remaining Term of the Receivables    | **{17}** | 62.00   | 50.44       | 49.52       |
| **{18}** | Weighted Average Original Term of Receivables         | **{18}** | 64.00   | 64.00       | 64.00       |
| **{19}** | Average Receivable Balance                            | **{19}** | $15,837 | $14,383     | $14,261     |
| **{20}** | Aggregate Realized Losses                             | **{20}** | $0      | $61,907,407 | $71,171,132 |

 
| **V.** | **DELINQUENCY:**                              |                                                                              |      |        |           |
|--------|-----------------------------------------------|-----------------------------------------------------------------------------------|-----------|-------------|----------------|
|   |                                          |                                                                              |      |        |           |   |   |   |   |   |   |   |   |
|   | Receivables with Scheduled Payment delinquent |                                                                              | **Units** | **Dollars** | **Percentage** |
|   | **{21}**                                      | 31-60 days                                                                        | **{21}**  | 8,577       | $128,871,543   | 9.82% |
|   | **{22}**                                      | 61-90 days                                                                        | **{22}**  | 2,433       | 36,052,497     | 2.75% |
|   | **{23}**                                      | over 90 days                                                                      | **{23}**  | 1,114       | 17,057,276     | 1.30% |
|   | **{24}**                                      | Receivables with Scheduled Payment delinquent more than 30 days at end  of period | **{24}**  | 12,124      | $181,981,316   | 13.87% |
|        |                                               |                                                                                   |           |             |                |  |  |  |  |  |  |  |  |

 

 

4

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| **VI.** | **PERFORMANCE TESTS:** |
|---------|------------------------|

 
|   | **Delinquency Ratio** |                                                                                            |     |          |
|--------|-----------------------|-------------------------------------------------------------------------------------------------|----------|---------------|
|   | **{25}**              | Receivables with Scheduled Payment delinquent more than 60 days at end  of period ({22} + {23}) | **{25}** | $53,109,773   |   |
|   | **{26}**              | Purchased Receivables with Scheduled Payment delinquent more than 60  days at end of period     | **{26}** |          |   |
|   | **{27}**              | Beginning of period Principal Balance                                                           | **{27}** | 1,311,769,705 |   |
|   | **{28}**              | Delinquency Ratio {25} + {26} divided by {27}                                                   | **{28}** |          | 4.05% |
|   | **{29}**              | Previous Monthly Period Delinquency Ratio                                                       | **{29}** |          | 3.69% |
|   | **{30}**              | Second previous Monthly Period Delinquency Ratio                                                | **{30}** |          | 3.38% |
|   |                  |                                                                                            |     |          |   |
|   | **{31}**              | Average Delinquency Ratio ({28} + {29} + {30}) / 3                                              | **{31}** |          | 3.71% |
|   |                  |                                                                                            |     |          |   |
|   | **{32}**              | Compliance (Delinquency Test Failure is a Delinquency Ratio equal to  or greater than 4.00%.)   | **{32}** |          | yes |
|   |                  |                                                                                            |     |          |   |

 
|   | **Cumulative Default Rate** |                                                                                            |     |          |
|--------|-----------------------------|-------------------------------------------------------------------------------------------------|----------|---------------|
|   | **{33}**                    | Defaulted Receivables in Current Period                                                         | **{33}** | $16,695,522   |   |
|   | **{34}**                    | Cumulative Defaulted Receivables from last month                                                | **{34}** | 130,629,438   |   |
|   | **{35}**                    | Cumulative Defaulted Receivables {33} + {34}                                                    | **{35}** | 147,324,960   |   |
|   | **{36}**                    | Original Pool Balance                                                                           | **{36}** | 1,799,999,421 |   |
|   | **{37}**                    | Cumulative Default Rate {35} divided by {36}                                                    | **{37}** |          | 8.18% |
|   |                        |                                                                                            |     |          |   |
|   | **{38}**                    | Compliance (Default Test Failure is a Cumulative Default Rate equal to  or greater than 8.24%.) | **{38}** |          | yes |
|   |                        |                                                                                            |     |          |   |

 
|   | **Cumulative Net Loss Rate** |                                                                                        |     |          |
|--------|------------------------------|---------------------------------------------------------------------------------------------|----------|---------------|
|   | **{39}**                     | Receivables becoming Liquidated Receivables during period                                   | **{39}** | $13,661,299   |   |
|   | **{40}**                     | Purchased Receivables with Scheduled Payment delinquent more than 30  days at end of period | **{40}** |          |   |
|   | **{41}**                     | Liquidation Proceeds collected during period                                                | **{41}** | (4,397,574)   |   |
|   | **{42}**                     | Net Losses during period {39} + {40} + {41}                                                 | **{42}** | 9,263,725     |   |
|   | **{43}**                     | Net Losses since Initial Cut-off Date (Beginning of Period)                                 | **{43}** | 61,907,407    |   |
|   | **{44}**                     | **Cumulative Net Loss Rate before 50% of 90 Day  Delinquencies ({42} + {43}) / {46}**       | **{44}** |          | **3.95%** |
|   | **{45}**                     | 50% of Receivables with Scheduled Payment delinquent more than 90 days  at end of period    | **{45}** | 18,184,717    |   |
|   | **{46}**                     | Original Aggregate Principal Balance plus Pre-Funded Amount as of the  Closing Date         | **{46}** | 1,800,000,000 |   |
|   | **{47}**                     | Cumulative Net Loss Rate ({42} + {43} + {45}) / {46}                                        | **{47}** |          | 4.96% |
|   |                         |                                                                                        |     |          |   |
|   | **{48}**                     | Compliance (Net Loss Test Failure is a Net Loss Rate equal to or  greater than 4.80%.)      | **{48}** |          | yes |
|   |                         |                                                                                        |     |          |   |

 
|   | **Extension Rate** |                                                                                         |     |          |
|--------|--------------------|----------------------------------------------------------------------------------------------|----------|---------------|
|   | **{49}**           | Principal Balance of Receivables extended during current period                              | **{49}** | $31,932,268   |   |
|   | **{50}**           | Beginning of Period Aggregate Principal Balance                                              | **{50}** | 1,311,769,705 |   |
|   | **{51}**           | Extension Rate {49} divided by {50}                                                          | **{51}** |          | 2.43% |
|   | **{52}**           | Previous Monthly Extension Rate                                                              | **{52}** |          | 2.21% |
|   | **{53}**           | Second previous Monthly Extension Rate                                                       | **{53}** |          | 3.24% |
|   |               |                                                                                         |     |          |   |
|   | **{54}**           | Average Extension Rate ({51} +{52} +{53}) / 3                                                | **{54}** |          | 2.63% |
|   |               |                                                                                         |     |          |   |
|   | **{55}**           | Compliance (Extension Test Failure is an Extension Rate equal to or  greater than 4%.)  | **{55}** |          | yes |
|   |               |                                                                                         |     |          |   |

 
| By:    |       | /s/ Connie Coffey                         |
|--------|------------|-------------------------------------------|
| Name:  |       | Connie Coffey                             |
| Title: |       | Senior Vice President, Treasury Reporting |
| Date:  | ** ** | January 2, 2003                           |

 

 

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