**Exhibit34.1**

**REPORT OF INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM**

To the Board of Directorsof New Holland Credit Company, LLC:

We have examined NewHolland Credit Company, LLC’s (the “Company”) compliance with the servicingcriteria set forth in Item 1122(d) of the Securities and Exchange Commission’sRegulation AB for asset-backed securities transactions for which the Companyacted as servicer involving equipment receivables, other than transactionsregistered prior to compliance with Regulation AB (the “Platform”) described inthe accompanying Certification Regarding Compliance with Applicable ServicingCriteria as of and for the year ended December 31, 2006, excluding criteria1122(d)(1)(iv), 1122(d)(2)(ii)(iii) and (vi), and 1122(d)(4)(x)-(xiii), whichmanagement has determined are not applicable to the activities performed by theCompany with respect to the Platform. Management is responsible for the Company’s compliance with theservicing criteria.  Our responsibilityis to express an opinion on the Company’s compliance with the servicingcriteria based on our examination.

Our examination wasconducted in accordance with attestation standards established by the AmericanInstitute of Certified Public Accountants, as adopted by the Public CompanyAccounting Oversight Board (United States) and, accordingly, includedexamining, on a test basis, evidence about the Company’s compliance with theapplicable servicing criteria, including tests on a sample basis of theservicing activities related to the Platform, determining whether the Companyperformed those selected activities in compliance with the servicing criteriaduring the specified period and performing such other procedures as weconsidered necessary in the circumstances. Our procedures were limited to selected servicing activities performedby the Company during the period covered by this report and, accordingly, suchsamples may not have included servicing activities related to each specificasset-backed transaction included in the Platform.  Further, an examination is not designed todetect noncompliance arising from errors that may have occurred prior to theperiod specified above that may have affected the balances or amountscalculated or reported by the Company during the period covered by thisreport.  We believe that our examinationprovides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’scompliance with the servicing criteria.

As described inmanagement’s assertion, for servicing criteria 1122(d)(2)(i) and 1122(d)(4)(i),the Company has engaged vendors to perform certain activities required by theseservicing criteria.  The Company hasdetermined that these vendors are not considered “servicers” as defined in Item1101(j) of Regulation AB, and the Company has elected to take responsibilityfor assessing compliance with the servicing criteria applicable to thesevendors as permitted by Interpretation 17.06 of the SEC Division of CorporationFinance Manual of Publicly Available Telephone Interpretations (“Interpretation17.06”).  As permitted by Interpretation17.06, the Company has asserted that it has policies and procedures in placedesigned to provide reasonable assurance that these vendors’ activities complyin all material respects with the servicing criteria applicable to thesevendors.  The Company is solelyresponsible for determining that it meets the SEC requirements to applyInterpretation 17.06 for these vendors and related criteria as described in itsassertion, and we performed no procedures with respect to the Company’sdetermination of its eligibility to use Interpretation 17.06.

Our examination disclosedthe following material noncompliance with 1122(d)(2)(vii) and 1122(d)(4)(iii)of the aforementioned applicable servicing criteria.  For 1122(d)(2)(vii), we noted certain relatedbank clearing account reconciliations were not being prepared within thirtycalendar days after the bank statement cutoff date and contained reconcilingitems that had not been resolved within ninety days of their originalidentification.  For 1122(d)(4)(iii), wenoted certain removals from the asset pool were not being made in accordancewith certain requirements of the transaction agreements.

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In our opinion, exceptfor the material noncompliance described in the preceding paragraph, theCompany complied, in all material respects, with the aforementioned applicableservicing criteria for the Platform as of and for the year ended December 31,2006.

Management’s assertionincludes management’s responses to the material noncompliance identified in ourexamination.  Such responses have notbeen subjected to the procedures applied in our examination and, accordingly,we do not express an opinion or provide any form of assurance on theappropriateness of the responses or the effectiveness of any corrective actionsdescribed therein.

Milwaukee, Wisconsin

March 29, 2007

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