##### 



Exhibit 99.1 Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 12-26-2005
    
    
    
    PAGE 1
 A.
    
    DATES
    
    
    Begin
    
    
    End
    
    
    # days1
    
    Determination Date
    
    
    
    
    
    
    1/18/20062
    
    Payment Date
    
    
    
    
    
    
    1/20/20063
    
    Collection Period
    
    
    11/27/2005
    
    
    
    12/26/2005
    
    
    
    304
    
    Monthly Interest Period - Actual
    
    
    12/20/2005
    
    
    
    1/19/2006
    
    
    
    315
    
    Monthly Interest - Scheduled
    
    
    
    
    
    
    
    
    
    
    30
 B.
    
    SUMMARYInitial Balance
    
    
    Beginning Balance
    
    
    Principal Payment
    
    
    Ending Balance
    
    
    Note Factor6
    
    Class A-1 Notes
    
    
    321,000,000.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7
    
    Class A-2 Notes
    
    
    437,000,000.00
    
    
    
    105,637,105.75
    
    
    
    44,773,905.63
    
    
    
    60,863,200.12
    
    
    
    0.13927518
    
    Class A-3 Notes
    
    
    326,000,000.00
    
    
    
    326,000,000.00
    
    
    
    
    
    
    
    326,000,000.00
    
    
    
    
    1.00000009
    
    Class A-4a Notes
    
    
    100,000,000.00
    
    
    
    100,000,000.00
    
    
    
    
    
    
    
    100,000,000.00
    
    
    
    
    1.00000009b
    
    Class A-4b Notes
    
    
    316,000,000.00
    
    
    
    316,000,000.00
    
    
    
    
    
    
    
    316,000,000.00
    
    
    
    
    1.000000010
    
    Certificates
    
    
    209,401,709.41
    
    
    
    209,401,709.41
    
    
    
    
    
    
    
    209,401,709.41
    
    
    
    
    1.000000011
    
    Equals: Total Securities
    
    $
    1,709,401,709.41
    
    
    $
    1,057,038,815.16
    
    
    $
    44,773,905.63
    
    
    $
    1,012,264,909.53Per $1000
    
    
    Principal & Interest
    
    
    
    Per $1000Coupon Rate
    
    
    Interest Pmt Due
    
    
    Face Amount
    
    
    Payment Due
    
    
    Face Amount12
    
    Class A-1 Notes
    
    
    1.9992
    %
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    13
    
    Class A-2 Notes
    
    
    2.4700
    %
    
    
    217,436.38
    
    
    
    2.0583333
    
    
    
    44,991,342.01
    
    
    
    425.904720614
    
    Class A-3 Notes
    
    
    2.8400
    %
    
    
    771,533.33
    
    
    
    2.3666667
    
    
    
    771,533.33
    
    
    
    2.366666715
    
    Class A-4a Notes
    
    
    3.0900
    %
    
    
    257,500.00
    
    
    
    2.5750000
    
    
    
    257,500.00
    
    
    
    2.575000015b
    
    Class A-4b Notes
    
    
    4.4700
    %
    
    
    1,216,336.67
    
    
    
    3.8491667
    
    
    
    1,216,336.67
    
    
    
    3.8491667Equals:  Total Securities
    
    
    
    
    
    
    2,462,806.38
    
    
    
    
    
    
    
    47,236,712.01
 C.
    
    COLLECTIONS AND AVAILABLE FUNDS16
    
    Lease Payments Received
    
    
    
    
    
    
    20,360,148.0017
    
    Sales Proceeds - Early Terminations
    
    
    
    
    
    
    13,581,771.2118
    
    Sales Proceeds - Scheduled Terminations
    
    
    
    
    
    
    16,106,154.8219
    
    Security Deposits for Terminated Accounts
    
    
    
    
    
    
    96,175.0020
    
    Excess Wear and Tear Received
    
    
    
    
    
    
    133,020.2521
    
    Excess Mileage Charges Received
    
    
    
    
    
    
    183,785.7722
    
    Other Recoveries Received
    
    
    
    
    
    
    1,407,471.5423
    
    Subtotal: Total Collections
    
    
    
    
    
    
    51,868,526.5924
    
    Repurchase Payments
    
    
    
    
    
    
    25
    
    Postmaturity Term Extension
    
    
    
    
    
    
    25e
    
    Net Swap Receipt - Class A-4b
    
    
    
    
    
    
    407,376.6726
    
    Investment Earnings on Collection Account
    
    
    
    
    
    
    222,757.2627
    
    Total Available Funds, prior to Servicer Advances
    
    
    
    
    
    
    52,498,660.5228
    
    Servicer Advance
    
    
    
    
    
    
    29
    
    Total Available Funds
    
    
    
    
    
    
    52,498,660.52


D.
    
    DISTRIBUTIONS30
    
    Payment Date Advance Reimbursement (Item 71)
    
    
    
    
    
    
    31
    
    Servicing Fee (Servicing and Administrative Fees paid pro rata):32
    
    Servicing Fee Shortfall from Prior Periods
    
    
    
    
    
    
    33
    
    Servicing Fee Due in Current Period
    
    
    
    
    
    
    880,865.6834
    
    Servicing Fee Shortfall
    
    
    
    
    
    
    
    
    
    
    
    35
    
    Administration Fee (Servicing and Administrative Fees paid pro rata):36
    
    Administration Fee Shortfall from Prior Periods
    
    
    
    
    
    
    37
    
    Administration Fee Due in Current Period
    
    
    
    
    
    
    5,000.0038
    
    Administration Fee Shortfall
    
    
    
    
    
    
    38e
    
    Net Swap Payment - Class A-4b
    
    
    
    
    
    
    38f
    
    Senior Swap Termination Payment (paid pro rata with Noteholder Interest payment)
    
    
    
    
    
    
    39
    
    Interest Paid to Noteholders (paid pro rata with Senior Swap Termination Payment)
    
    
    
    
    
    
    2,462,806.3840
    
    Subtotal: Remaining Available Funds
    
    
    49,149,988.4641
    
    Principal Distribution Amount      (Item 59)
    
    
    44,773,905.6342
    
    Principal Paid to Noteholders      (lesser of Item 40 and Item 41)
    
    
    
    
    
    
    44,773,905.6343
    
    Amount Paid to Reserve Account to Reach Specified Balance
    
    
    
    
    
    
    43b
    
    Subordinated Swap Termination Payments
    
    
    
    
    
    
    44
    
    Other Amounts paid to Trustees
    
    
    
    
    
    
    45
    
    Remaining Available Funds
    
    
    
    
    
    
    4,376,082.83






---



##### 



Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 12-26-2005
    
    
    
    PAGE 2
 E.
    
    CALCULATIONS46
    
    Calculation of Principal Distribution Amount:(Sum of)47
    
    a) Targeted Principal Distributable Amount:48
    
    For Current Units: Change in Securitization Value
    
    
    
    
    
    
    14,059,091.0149
    
    For Current Units: Change in Securitization Value for Advanced Payments
    
    
    
    
    
    
    50
    
    For All Terminated Units: Securitization Value (Beg. of Collection Period)
    
    
    
    
    
    
    30,714,814.6251
    
    For Repurchases: Securitization Value (Beg. Of Collection Period)
    
    
    
    
    
    
    52
    
    b) Principal Carryover Shortfall from Preceding Payment Date
    
    
    
    
    
    
    53
    
    c) Additional Amounts to pay in full Notes on or after Final Scheduled Payment Date
    
    
    
    
    
    
    54
    
    Principal Distribution Amount before Reserve Account Draw Amount
    
    
    
    
    
    
    44,773,905.6355
    
    Remaining Available Funds (Item 40)
    
    
    
    
    
    
    49,149,988.4656
    
    Available Funds Shortfall Amount (If Item 54 > 55, Item 54 less Item 55,else 0)
    
    
    
    
    
    
    57
    
    Reserve Account Draw Amount (If Item 56 is > 0, Lesser of the Reserve Account Balance and Item 56)
    
    
    
    
    
    
    58
    
    Principal Carryover Shortfall (If Item 56 > Item 57, Item 56 less Item 57, else 0)
    
    
    
    
    
    
    59
    
    Principal Distribution Amount (If Item 56 > 0, Item 57 plus Item 55, else Item 54)
    
    
    
    
    
    
    44,773,905.6360
    
    Calculation of Servicer Advance:61
    
    Available Funds, prior to Servicer Advances (Item 27)
    
    
    
    
    
    
    52,498,660.5262
    
    Less: Payment Date Advance Reimbursement (Item 71)
    
    
    
    
    
    
    63
    
    Less: Servicing Fees Paid (Items 32, 33 and 34)
    
    
    
    
    
    
    880,865.6864
    
    Less: Administration Fees Paid (Items 36, 37 and 38)
    
    
    
    
    
    
    5,000.0065
    
    Less: Interest Paid to Noteholders and Swap Counterparties (Items 38e, 38f, and 39)
    
    
    
    
    
    
    2,462,806.3866
    
    Less: Principal Paid to Noteholders (Item 42)
    
    
    
    
    
    
    44,773,905.6367
    
    Less: Amount Paid to Reserve Account to Reach Specified Balance (Item 43)
    
    
    
    
    
    
    68
    
    Less: Subordinated Swap Termination Payments (Item 43b)
    
    
    
    
    
    
    69
    
    Less: Other Amounts paid to Trustees (Item 44)
    
    
    
    
    
    
    70
    
    Equals: Remaining Available Funds before Servicer Advance (If < 0, Available Funds Shortfall)
    
    
    
    
    
    
    4,376,082.8371
    
    Monthly Lease Payments Due on Included Units but not received (N/A if Item 70 > 0)
    
    
    
    
    
    
    N/A72
    
    Servicer Advance (If Item 70 < 0, lesser of Item 70 and Item 71, else 0)
    
    
    
    
    
    
    73
    
    Reconciliation of Servicer Advance:74
    
    Beginning Balance of Servicer Advance
    
    
    
    
    
    
    75
    
    Payment Date Advance Reimbursement
    
    
    
    
    
    
    76
    
    Additional Payment Advances for current period
    
    
    
    
    
    
    77
    
    Ending Balance of Payment Advance
    
    
    
    
    
    
    
 F.
    
    RESERVE ACCOUNT78
    
    Reserve Account Balances:79
    
    Specified Reserve Account Balance
    
    
    
    
    
    
    51,282,051.2880
    
    Initial Reserve Account Balance
    
    
    
    
    
    
    17,094,017.0981
    
    Beginning Reserve Account Balance
    
    
    
    
    
    
    51,282,051.2882
    
    Plus:  Net Investment Income for the Collection Period
    
    
    
    
    
    
    178,785.1183
    
    Subtotal:  Reserve Fund Available for Distribution
    
    
    
    
    
    
    51,460,836.3984
    
    Plus:  Deposit of Excess Available Funds      (Item 43)
    
    
    
    
    
    
    85
    
    Less:  Reserve Account Draw Amount      (Item 57)
    
    
    
    
    
    
    86
    
    Subtotal Reserve Account Balance
    
    
    
    
    
    
    51,460,836.3987
    
    Less: Excess Reserve Account Funds to Transferor      (If Item 86 > Item 79)
    
    
    
    
    
    
    178,785.1188
    
    Equals: Ending Reserve Account Balance
    
    
    
    
    
    
    51,282,051.2889
    
    Change in Reserve Account Balance from Immediately Preceding Payment Date
    
    
    
    
    
    
    90
    
    Current Period Net Residual Losses:
    
    Units
    
    
    Amounts91
    
    Aggregate Securitization Value for Scheduled Terminated Units
    
    
    1,255
    
    
    
    17,467,524.4092a
    
    Less: Sales Proceeds for Current Month Scheduled Terminations
    
    
    
    
    
    
    (16,160,154.82
    )92b
    
    Less: Sales Proceeds/Recoveries for Prior Month Scheduled Terminations
    
    
    
    
    
    
    (1,392,407.40
    )93
    
    Less: Excess Wear and Tear Received
    
    
    
    
    
    
    (133,020.25
    )94
    
    Less: Excess Mileage Received
    
    
    
    
    
    
    (183,785.77
    )95
    
    Current Period Net Residual Losses/(Gains)
    
    
    1,255
    
    
    
    (401,843.84
    )96
    
    Cumulative Net Residual Losses:97
    
    Beginning Cumulative Net Residual Losses
    
    
    8,639
    
    
    
    4,195,352.4298
    
    Current Period Net Residual Losses      (Item 95)
    
    
    1,255
    
    
    
    (401,843.84
    )99
    
    Ending Cumulative Net Residual Losses
    
    
    9,894
    
    
    
    3,793,508.58100
    
    Cumulative Net Residual Losses/(Gains) as a % of Aggregate Initial Securitization Value
    
    
    
    
    
    
    0.22
    %




---



##### 



Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 12-26-2005
    
    
    
    PAGE 3
 
 G.
    
    POOL STATISTICS101
    
    Collateral Pool Balance Data
    
    
    
    
    
    Initial
    
    
    Current102
    
    Initial Aggregate Securitization Value
    
    
    
    
    
    
    1,709,401,709
    
    
    
    1,012,264,910103
    
    Number of Current Contracts
    
    
    
    
    
    
    85,972
    
    
    
    60,753104
    
    Weighted Average Lease Rate
    
    
    
    
    
    
    4.96
    %
    
    
    4.75
    %105
    
    Average Remaining Term
    
    
    
    
    
    
    28.67
    
    
    
    13.95106
    
    Average Original Term
    
    
    
    
    
    
    44.43
    
    
    
    45.07107
    
    Monthly Prepayment Speed
    
    
    
    
    
    
    
    
    
    
    83.41
    %Units
    
    
    Book Amount
    
    
    Securitization Value108
    
    Pool Balance - Beginning of Period
    
    
    62,838
    
    
    
    1,110,807,097
    
    
    
    1,057,038,815109
    
    Depreciation/Payments
    
    
    
    
    
    
    (16,757,191
    )
    
    
    (14,059,091
    )110
    
    Gross Credit Losses
    
    
    (35
    )
    
    
    (669,477
    )
    
    
    (718,407
    )111
    
    Early Terminations
    
    
    (795
    )
    
    
    (13,018,164
    )
    
    
    (12,528,883
    )112
    
    Scheduled Terminations
    
    
    (1,255
    )
    
    
    (18,369,426
    )
    
    
    (17,467,524
    )113
    
    Repurchase/Reallocation
    
    
    
    
    
    
    
    
    
    
    114
    
    Pool Balance - End of Period
    
    
    60,753
    
    
    
    1,061,992,840
    
    
    
    1,012,264,910115
    
    Delinquencies Aging Profile - End of Period
    
    Units
    
    
    Securitization Value
    
    
    Percentage116
    
    Current
    
    
    59,558
    
    
    
    993,271,722
    
    
    
    98.12
    %117
    
    31 - 90 Days Delinquent
    
    
    964
    
    
    
    15,180,560
    
    
    
    1.50
    %118
    
    90+ Days Delinquent
    
    
    231
    
    
    
    3,812,627
    
    
    
    0.38
    %119
    
    Total
    
    
    60,753
    
    
    
    1,012,264,909
    
    
    
    100.00
    %120
    
    Credit Losses:
    
    
    
    
    
    Units
    
    
    Amounts121
    
    Aggregate Securitization Value on charged-off units
    
    
    
    
    
    
    35
    
    
    
    718,407122
    
    Aggregate Liquidation Proceeds on charged-off units
    
    
    
    
    
    
    
    
    
    
    (502,824
    )123
    
    Recoveries on charged-off units
    
    
    
    
    
    
    
    
    
    
    (220
    )124
    
    Current Period Aggregate Net Credit Losses/(Gains)
    
    
    
    
    
    
    35
    
    
    
    215,362125
    
    Cumulative Net Credit Losses:126
    
    Beginning Cumulative Net Credit Losses
    
    
    
    
    
    
    731
    
    
    
    4,604,001127
    
    Current Period Net Credit Losses (Item 124)
    
    
    
    
    
    
    35
    
    
    
    215,362128
    
    Ending Cumulative Net Credit Losses
    
    
    
    
    
    
    766
    
    
    
    4,819,363129
    
    Cumulative Net Credit Losses/(Gains) as a % of Aggregate Initial Securitization Value
    
    0.28
    %




---



##### 



Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 12-26-2005
    
    
    
    PAGE 4
 SCHEDULED REDUCTION IN AGGREGATE SECURITIZATION VALUE
 ScheduledPayment Date
    
    Reduction(1)02/20/2006
    
    40,793,51403/20/2006
    
    32,258,94804/20/2006
    
    33,660,45205/20/2006
    
    32,893,65906/20/2006
    
    28,000,64807/20/2006
    
    28,908,34108/20/2006
    
    26,364,02009/20/2006
    
    40,959,74510/20/2006
    
    49,408,53111/20/2006
    
    49,350,32912/20/2006
    
    48,958,69501/20/2007
    
    50,718,09002/20/2007
    
    46,774,05603/20/2007
    
    43,416,83904/20/2007
    
    43,485,94205/20/2007
    
    40,690,27606/20/2007
    
    34,746,98907/20/2007
    
    33,052,00308/20/2007
    
    33,715,35809/20/2007
    
    32,714,68310/20/2007
    
    36,230,39711/20/2007
    
    43,237,17612/20/2007
    
    34,764,23201/20/2008
    
    26,527,55402/20/2008
    
    20,600,12803/20/2008
    
    7,158,63704/20/2008
    
    4,598,05805/20/2008
    
    7,984,27806/20/2008
    
    19,589,41507/20/2008
    
    15,528,45908/20/2008
    
    12,180,38009/20/2008
    
    8,985,90610/20/2008
    
    889,58711/20/2008
    
    818,78012/20/2008
    
    506,52201/20/2009
    
    630,68302/20/2009
    
    397,37303/20/2009
    
    107,12404/20/2009
    
    46,82505/20/2009
    
    68,79606/20/2009
    
    159,34007/20/2009
    
    130,03508/20/2009
    
    168,56609/20/2009
    
    85,542Total:
    
    1,012,264,909
 (1)
    
    This column represents the monthly reduction in the Aggregate Securitization Value, assuming(a) each collection period is a calendar month rather than a fiscal month,(b) timely receipt of all monthly rental payments and sales proceeds,(c) no credit or residual losses and(d) no prepayments (including defaults, purchase option exercises  or other early lease terminations).Actual cash flows are likely to vary from these amounts.