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                                                                    EXHIBIT 99.3

                       MANAGEMENT'S ASSERTIONS CONCERNING
                   COMPLIANCE WITH MINIMUM SERVICING STANDARDS

                                 March 31, 2003

As of and for the year ended December 31, 2002, M&I Marshall & Ilsley Bank (the
"Servicer") has complied, in all material respects, with the Servicer's
established minimum servicing standards for the receivables being serviced for
the Trust (as defined below) as set forth in Appendix I (the "Standards"). The
Standards are based on the Mortgage Banker's Association of America's Uniform
Single Attestation Program for Mortgage Bankers, modified to address the unique
characteristics of servicing automotive retail installment contracts in
accordance with the Sale and Servicing Agreement dated as of August 30, 2001
among Deutsche Bank Trust Company Delaware, f/k/a Bankers Trust (Delaware), as
Owner Trustee, not in its individual capacity but solely as owner trustee of M&I
Auto Loan Trust 2001-1 (the "Trust"), Bond Securitization, L.L.C., as seller,
the Servicer, and Bank One, National Association, as indenture trustee.

                                        M&I MARSHALL & ILSLEY BANK, as Servicer

                                        By: /s/ THOMAS J. O'NEILL
                                            ------------------------------
                                        Name:  Thomas J. O'Neill
                                        Title: Executive Vice President

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APPENDIX I

M&I MARSHALL & ILSLEY BANK'S MINIMUM SERVICING STANDARDS

I.   RECONCILIATIONS

1.   Reconciliations shall be prepared on a monthly basis for all related bank
     clearing accounts. These reconciliations shall:
     [_]  be mathematically accurate;
     [_]  be prepared within forty-five (45) calendar days after the cutoff
          date;
     [_]  be reviewed and approved by someone other than the person who prepared
          he reconciliation; and
     [_]  document explanations for reconciling items. These reconciling items
          shall be resolved within ninety (90) calendar days of their original
          identification.


II.  MOTOR VEHICLE LOAN PAYMENTS

1.   Motor vehicle loan payments shall be deposited into the custodial bank
     accounts (maintained at a federally insured depository institution in
     trust) and related bank clearing accounts within two business days of
     receipt if M&I Marshall & Ilsley Bank does not maintain the required
     rating.

2.   Motor vehicle loan payments made in accordance with the motor vehicle loan
     documents shall be posted to the applicable motor vehicle loan records
     within two business days of receipt.

3.   Motor vehicle loan payments shall be allocated to principal, interest,
     insurance, or taxes in accordance with the Bank's customary servicing
     procedures.

4.   Motor vehicle loan payments identified as loan payoffs shall be allocated
     in accordance with the motor vehicle loan documents.

III. DISBURSEMENTS

1.   Disbursements made via wire transfer on behalf of an obligor or investor
     shall be made only by authorized personnel.

2.   Disbursements made on behalf of an obligor or investor shall be posted
     within three business days to the obligor's or servicer's records
     maintained by the servicing entity.

3.   Amounts remitted to investors per the servicer's investor reports shall
     agree with cancelled checks, or other form of payment, or custodial bank
     statements.

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IV.  INVESTOR ACCOUNTING AND REPORTING

1.   Statements are sent on a monthly basis listing the total unpaid principal
     balance and pool.

V.   MOTOR VEHICLE LOAN ACCOUNTING

1.   The servicing entity's motor vehicle loan records shall agree with, or
     reconcile to, the records of obligors with respect to the unpaid principal
     balance on a monthly basis.

VI.  DELINQUENCIES

1.   Records documenting collection efforts shall be maintained during the
     period a loan is in default and shall be updated at least monthly. Such
     records shall describe the entity's activities in monitoring delinquent
     loans including, for example, phone calls, letters and payment rescheduling
     plans in cases where the delinquency is deemed temporary (e.g., illness or
     unemployment).