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                                                                      Exhibit 10


                               MATERIAL CONTRACTS


The following material contracts are incorporated herein by reference:

10.1  Pooling and Servicing Agreement dated as of June 8, 1995, among Navistar
      Financial Corporation, as Servicer, Navistar Financial Securities
      Corporation, as Seller, The Chase Manhattan Bank, as 1990 Trust Trustee,
      and The Bank of New York, as Master Trust Trustee. Filed as Exhibit 4.1 to
      Navistar Financial Securities Corporation's Form 8-k dated December 12,
      2004. Filed on Registration No. 333-102345 and 333-32960.

10.2  Purchase Agreement dated as of June 8, 1995, between Navistar Financial
      Corporation and Navistar Financial Securities Corporation, as Purchaser,
      with respect to the Dealer Note Master Trust. Filed on Registration No.
      333-102345 and 333-32960.

10.3  Series 1995-1 Supplement to the Pooling and Servicing Agreement dated as
      of June 8, 1995, among Navistar Financial Corporation, as Servicer,
      Navistar Financial Securities Corporation, as Seller, and The Bank of New
      York, as Master Trust Trustee on behalf of the Series 1995-1
      Certificateholders. Filed as Exhibit 4.1 to Navistar Financial Securities
      Corporation's Form 8-K dated December 4, 2004. Filed on Registration No.
      333-102345 and 333-32960.

10.4  Series 1998-1 Supplement to the Pooling and Servicing Agreement dated as
      of July 17, 1998, among Navistar Financial Corporation, as Servicer,
      Navistar Financial Securities Corporation, as Seller, and the Bank of New
      York, as Master Trust Trustee on behalf of the Series 1998-1
      Certificateholders. Filed as Exhibit 4.1 to Navistar Financial Securities
      Corporation's Form 8-K dated December 4, 2004. Filed on Registration No.
      333-30737.

10.5  Certificate Purchase Agreement dated as of January 28, 2000, between
      Navistar Financial Securities Corporation, as seller, Navistar Financial
      Corporation, as Servicer, Receivable Capital Corporation, as the Conduit
      Purchaser, Bank of America, National Association, as administrative Agent
      for the Purchasers, and Bank of America, National Association, as a
      Committed Purchaser. Filed as Exhibit 1.1 on Form 8-K dated February 24,
      2000. Filed on Registration No. 333-30737.

10.6  Series 2000-1 Supplement to the Pooling and Servicing Agreement dated as
      of July 13, 2000, among Navistar Financial Corporation, as Servicer,
      Navistar Financial Securities Corporation, as Seller, and the Bank of New
      York, as Master Trust Trustee on behalf of the Series 2000-1
      Certificateholders. Filed as Exhibit 4.1 to Navistar Financial Securities
      Corporation's Form 8-K dated July 14, 2000. Filed on Registration No.
      333-32960.

10.7  Series 2003-1 Supplement to the Pooling and Servicing Agreement, dated as
      of July 13, 2003, among the Corporation, as Servicer, Navistar Financial
      Securities Corporation, as Seller, and the Bank of New York, as Master
      Trust Trustee on behalf of the Series 2003-1 Certificateholders. Filed as
      Exhibit 4.1 to Navistar Financial Securities Corporation's Form 8-K dated
      July 11, 2003. Commission File No. 033-87374.

10.8  Series 2004-1 Supplement to the Pooling and Servicing Agreement dated as
      of July 13, 2004, among Navistar Financial Corporation, as Servicer,
      Navistar Financial Securities Corporation, as Seller, and the Bank of New
      York, as Master Trust Trustee on behalf of the Series 2004-1
      Certificateholders. Filed as Exhibit 4.1 to Navistar Financial Securities
      Corporation's Form 8-K dated July 11, 2004. Filed on Registration No.
      333-102345 and 333-32960.

10.9  Master Owner Trust Agreement dated as of June 10, 2004, between Navistar
      Financial Dealer Note Master Owner Trust, as Issuer, and The Bank of New
      York, as Indenture Trustee. Filed as Exhibit 4.11 to Navistar Financial
      Dealer Note Master Owner Trust's Form 8-K dated June 14, 2004. Commission
      File No. 333-104639-01.