|American Honda Finance Corporation                                         
|---------------------------------------------------------------------------
|Servicer's Certificate - Honda Auto Lease Trust 1999-A                     
|For the Fiscal Year Ended March 31, 2001                                   
|                                                                           
|                                                                           
|Pool Data - Original Deal Parameters                                       
|Aggregate Net Investment Value (ANIV)                                      
|                                                                           
|Servicer Advance                                                           
|Servicer Payahead                                                          
|Number of Contracts                                                        
|Weighted Average Lease Rate (Discounted)                                   
|Weighted Average Lease Rate                                                
|Weighted Average Remaining Term                                            
|Servicing Fee Percentage (annual)                                          
|                                                                           
|                                                                           
|Pool Data - Current Fiscal Year                                            
|Aggregate Net Investment Value                                             
|Number of Current Contracts                                                
|Weighted Average Lease Rate (Discounted)                                   
|Weighted Average Lease Rate                                                
|Weighted Average Remaining Term                                            
|                                                                           
|                                                                           
|Reserve Fund:                                                              
|Initial Deposit Amount                                                     
|Specified Reserve Fund Percentage (if Tests i, ii and iii are satisfied)   
|Specified Reserve Fund Amount (if Tests i, ii and iii are satisfied)       
|Specified Reserve Fund Percentage (if Tests i, ii or iii are not satisfied)
|Specified Reserve Fund Amount (if Tests i, ii or iii are not satisfied)    
|                                                                           
|Beginning Balance                                                          
|Net Investment Income Retained                                             
|Deposit Amount                                                             
|Withdrawal Amount                                                          
|Excess Reserve Amount Released                                             
|Ending Balance                                                             
|Specified Reserve Fund Balance                                             
|Net Investment Income                                                      
|Cumulative Withdrawal Amount                                               
|                                                                           
|Credit Losses :                                                            
|Contracts Charged-off During the Fiscal Year                               
|Discounted Principal Balance                                               
|Net Liquidation Proceeds for the Fiscal Year                               
|Recoveries - Previously Charged-off Contracts                              
|Aggregate Credit Losses for the Fiscal Year                                
|                                                                           
|Repossessions for the Collection Period                                    
|Cumulative Credit Losses for all Periods                                   
|                                                                           
|Ratio of Net Credit Losses to the Average ANIV Balance                     
|for Each Collection Period:                                                
|Second Preceding Collection Period                                         
|First Preceding Collection Period                                          
|Current Collection Period                                                  
|Test (i) (Charge-off Rate Test)                                            
|Three Month Average                                                        
|Charge-off Rate Test (Test satisfied if <= 1.5%)                           

|                                                                                         |        |            |         |                 |         |                  
|---------------------------------------------------------------------------------------- | ------ | ---------- | ------- | --------------- | ------- | -----------------
|                                                                                         |        |            |         |                 |         | Discounted       
|Delinquent Contracts:                                                                    |        |            | Percent | Accounts        | Percent | Principal Balance
|31-60 Days Delinquent                                                                    |        |            | 0.82%   | 1,148           | 0.79%   | 17,255,441.83    
|61-90 Days Delinquent                                                                    |        |            | 0.15%   | 207             | 0.14%   | 3,133,886.67     
|Over 90 Days Delinquent                                                                  |        |            | 0.12%   | 165             | 0.12%   | 2,560,886.18     
|Total Delinquencies                                                                      |        |            |         | 1,520           |         | 22,950,214.68    
|                                                                                         |        |            |         |                 |         |                  
|Ratio of Number of Contracts Delinquent More than 60 days to the Outstanding             |        |            |         |                 |         |                  
|Number of Receivables as of Each Collection Period (Includes Repossessions):             |        |            |         |                 |         |                  
|Second Preceding Collection Period                                                       |        |            |         |                 |         | 0.37%            
|First Preceding Collection Period                                                        |        |            |         |                 |         | 0.34%            
|Current Collection Period                                                                |        |            |         |                 |         | 0.26%            
|                                                                                         |        |            |         |                 |         |                  
|Test (ii) (Delinquency Rate Test)                                                        |        |            |         |                 |         |                  
|Three Month Average                                                                      |        |            |         |                 |         | 0.32%            
|Delinquency Rate Test (Test satisfied if <= 1.5%)                                        |        |            |         |                 |         | Test Satisfied   
|                                                                                         |        |            |         |                 |         |                  
|                                                                                         |        |            |         |                 |         |                  
|Residual Value (Gain) Loss:                                                              |        |            |         | Vehicles        |         |                  
|Matured Lease Vehicle Inventory Sold During the Fiscal Year                              |        |            |         | 3137            |         | 49,504,268.34    
|Net Liquidation Proceeds                                                                 |        |            |         |                 |         | (45,948,654.19)  
|Net Residual Value (Gain) Loss                                                           |        |            |         |                 |         | 3,555,614.15     
|Cumulative Residual Value (Gain) Loss all periods                                        |        |            |         |                 |         | 3,555,614.15     
|                                                                                         |        |            |         |                 |         |                  
|                                                                                         |        |            |         | Average         |         | Average          
|Matured Vehicles Sold for                                                                | Number | Scheduled  | Sale    | Net Liquidation |         | Residual         
|Each Collection Period:                                                                  | Sold   | Maturities | Ratio   | Proceeds        |         | Value            
|Second Preceding Collection Period                                                       | 385    | 456        | 84.43%  | 14,229.82       |         | 15,557.58        
|First Preceding Collection Period                                                        | 475    | 511        | 92.95%  | 13,777.69       |         | 15,072.41        
|Current Collection Period                                                                | 1182   | 1229       | 96.18%  | 13,582.23       |         | 14,536.37        
|Three Month Average                                                                      |        |            |         | 13,863.25       |         | 15,055.45        
|Ratio of Three Month Average Net Liquidation Proceeds to Average Residual Value          |        |            |         |                 |         | 92.08%           
|                                                                                         |        |            |         |                 |         |                  
|                                                                                         |        |            |         | Current Period  |         |                  
|Test (iii) (Residual Value Test)                                                         |        |            |         | Amount/Ratio    |         | Test Met?        
|a) Number of Vehicles Sold > 45% of Scheduled Maturities and >= 500 Scheduled Maturities |        |            |         | 96.18%          |         | No               
|b) 3 Month Average Matured Leased Vehicle Proceeds < 75% of Average Residual Values      |        |            |         | 92.08%          |         | Yes              
|Residual Value Test  (Test satisfied if tests a or b = Yes)                              |        |            |         |                 |         | Test Satisfied   
|                                                                                         |        |            |         |                 |         |                  
|Servicer's Fee Due:                                                                      |        |            |         |                 |         | Amount           
|Prior Cumulative Servicer's Fee Shortfall                                                |        |            |         |                 |         | -                
|Servicer's Fee Due This Fiscal Year                                                      |        |            |         |                 |         | 25,687,113.42    
|Servicer's Fee Paid                                                                      |        |            |         |                 |         | 25,687,113.42    
|Current Cumulative Servicer's Fee Shortfall                                              |        |            |         |                 |         | -                
|                                                                                         |        |            |         |                 |         |                  
|Advances and Payaheads :                                                                 |        |            |         |                 |         | Amount           
|Advances                                                                                 |        |            |         |                 |         |                  
|Prior Outstanding Servicer Advances                                                      |        |            |         |                 |         | 937,208.76       
|Net Advance/(Recovery) This Fiscal Year                                                  |        |            |         |                 |         | 2,506,347.16     
|Nonrecoverable Prior Advances                                                            |        |            |         |                 |         | (2,337,275.45)   
|Current Outstanding Servicer Advances                                                    |        |            |         |                 |         | 1,106,280.47     
|Payahead Account                                                                         |        |            |         |                 |         |                  
|Prior Outstanding Payahead Balance                                                       |        |            |         |                 |         | 8,367,393.53     
|Net Allocation/(Collections) of Advanced Payments This Fiscal Year                       |        |            |         |                 |         | 1,048,779.81     
|Current Outstanding Payahead Balance                                                     |        |            |         |                 |         | 7,318,613.72     

|                                                                              |                  |                  |                |                |                |                  |               
|----------------------------------------------------------------------------- | ---------------- | ---------------- | -------------- | -------------- | -------------- | ---------------- | --------------
|                                                                              |                  |                  |                |                |                |                  |               
|                                                                              |                  | Securities       | Class A1       | Class A2       | Class A3       | Class A4         | Class A5      
|Collections for the Fiscal Year:                                              | Total            | Balance (99.8%)  | Balance        | Balance        | Balance        | Balance          | Balance       
|Interest                                                                      |                  |                  |                |                |                |                  |               
|Scheduled Interest Collections                                                | 221,247,950.35   | 220,805,454.44   | -              | -              | -              | -                | -             
|Interest Related To Prepayments in Full                                       | 3,110,977.95     | 3,104,755.99     | -              | -              | -              | -                | -             
|Interest Related To Full Term and Over Term Payoffs                           | 89,274.56        | 89,096.01        | -              | -              | -              | -                | -             
|Interest Related to Reallocation Payments                                     | 96,538.78        | 96,345.70        | -              | -              | -              | -                | -             
|Excess Liquidation Proceeds                                                   | -                | -                | -              | -              | -              | -                | -             
|Recoveries                                                                    | 2,796,725.47     | 2,791,132.01     | -              | -              | -              | -                | -             
|Available Interest                                                            | 227,341,467.11   | 226,886,784.16   | -              | -              | -              | -                | -             
|Principal                                                                     |                  |                  |                |                |                |                  |               
|Scheduled Principal Collections                                               | 344,454,150.03   | 343,765,241.73   | -              | -              | -              | -                | -             
|Prepayments In Full                                                           | 165,190,465.22   | 164,860,084.29   | -              | -              | -              | -                | -             
|Full Term and Over Term Payoffs                                               | 69,935,876.95    | 69,796,005.20    | -              | -              | -              | -                | -             
|Reallocation Payment                                                          | 8,854,832.43     | 8,837,122.77     | -              | -              | -              | -                | -             
|Net Liquidation Proceeds                                                      | 77,123,972.13    | 76,969,724.19    | -              | -              | -              | -                | -             
|Available Principal                                                           | 665,559,296.76   | 664,228,178.17   | -              | -              | -              | -                | -             
|Withdrawal from Reserve Fund                                                  | 4,379,607.87     |                  |                |                |                |                  |               
|Total of Sources for Distribution                                             | 892,900,763.87   |                  |                |                |                |                  |               
|                                                                              |                  |                  |                |                |                |                  |               
|                                                                              |                  | Securities       | Class A1       | Class A2       | Class A3       | Class A4         | Class A5      
|Distributions:                                                                | Total            | Balance (99.8%)  | Balance        | Balance        | Balance        | Balance          | Balance       
|Interest                                                                      |                  |                  |                |                |                |                  |               
|Transferor Interest                                                           | 403,308.72       | -                | -              | -              | -              | -                | -             
|Capped Trustee Fees                                                           | 7,000.00         | 7,000.00         | -              | -              | -              | -                | -             
|Class A Interest                                                              | 143,396,248.51   | 143,396,248.51   | -              | 5,244,795.99   | 19,985,952.54  | 64,500,000.00    | 53,665,500.00 
|Class A Interest Carryover Shortfalls                                         | -                | -                | -              | -              | -              | -                | -             
|Class B Interest                                                              | 4,389,000.00     | 4,389,000.00     | -              | -              | -              | -                | -             
|Class B Interest Carryover Shortfalls                                         | -                | -                | -              | -              | -              | -                | -             
|Class C Interest                                                              | 4,554,000.00     | 4,554,000.00     | -              | -              | -              | -                | -             
|Class C Interest Carryover Shortfalls                                         | -                | -                | -              | -              | -              | -                | -             
|Capped Contingent and Excess Liability Premiums                               | -                | -                | -              | -              | -              | -                | -             
|Capped Origination Trust Administrative Expenses                              | 9,338.25         | 9,338.25         | -              | -              | -              | -                | -             
|Other Capped Trustee Fees                                                     | -                | -                | -              | -              | -              | -                | -             
|Servicer's Fee                                                                | 25,687,113.41    | 25,635,739.19    | -              | -              | -              | -                | -             
|Unpaid Servicer's Fees Related to Prior Collection Periods                    | -                | -                | -              | -              | -              | -                | -             
|Reserve Fund Deposit                                                          | 13,122,000.37    | 13,122,000.37    | -              | -              | -              | -                | -             
|Certificate Interest                                                          | 12,010,519.33    | 12,010,519.33    | -              | -              | -              | -                | -             
|Certificate Interest Carryover Shortfall                                      | 13,462,506.71    | 13,462,506.71    | -              | -              | -              | -                | -             
|Excess Interest to Transferor                                                 | -                | -                | -              | -              | -              | -                | -             
|Total Distributions of Interest                                               | 217,041,035.30   | 216,586,352.36   | -              | 5,244,795.99   | 19,985,952.54  | 64,500,000.00    | 53,665,500.00 
|                                                                              |                  |                  |                |                |                |                  |               
|Principal                                                                     |                  |                  |                |                |                |                  |               
|Transferor Principal                                                          | 1,332,516.09     | -                | -              | -              | -              | -                | -             
|Principal Distribution to A-1, A-2, A-3 and A-4 Notes                         | 664,925,529.78   | 664,925,529.78   | -              | 295,278,629.93 | 369,646,899.84 | -                | -             
|Principal Distribution to A-5, B and C Notes                                  | -                | -                | -              | -              | -              | -                | -             
|Principal Distribution to Certificates                                        | -                | -                | -              | -              | -              | -                | -             
|Class A Covered Loss Amount                                                   | 10,340,787.96    | 10,340,787.96    | -              | 1,356,017.26   | 8,984,770.70   | -                | -             
|Class A Note Principal Loss Amount/Class A Note Principal Carryover Shortfall | -                | -                | -              | -              | -              | -                | -             
|Class B Covered and Uncovered Loss Amount                                     | -                | -                | -              | -              | -              | -                | -             
|Class C Covered and Uncovered Loss Amount                                     | -                | -                | -              | -              | -              | -                | -             
|Class B Note Principal Loss Carryover Shortfall                               | -                | -                | -              | -              | -              | -                | -             
|Class C Note Principal Loss Carryover Shortfall                               | -                | -                | -              | -              | -              | -                | -             
|Class B Note Interest on Principal Loss Carryover Shortfall                   | -                | -                | -              | -              | -              | -                | -             
|Class C Note Interest on Principal Loss Carryover Shortfall                   | -                | -                | -              | -              | -              | -                | -             
|Certificate Principal Loss Amount/Certificate Principal Carryover Shortfall   | 3,640,502.60     | 3,640,502.60     | -              | -              | -              | -                | -             
|Uncapped Administrative Expenses (paid to the Trustees)                       | -                | -                | -              | -              | -              | -                | -             
|Total Distributions of Principal                                              | 680,239,336.43   | 678,906,820.33   | -              | 296,634,647.19 | 378,631,670.54 | -                | -             
|                                                                              |                  |                  |                |                |                |                  |               
|Note/Certificate Interest Carryover Shortfalls                                |                  |                  |                |                |                |                  |               
|Beginning Balance                                                             |                  | 10,695,108.92    | -              | -              | -              | -                | -             
|Current Period Increase (Decrease)                                            |                  | (10,695,108.92)  | -              | -              | -              | -                | -             
|Ending Balance                                                                |                  | (0.00)           | -              | -              | -              | -                | -             
|Note/Certificate Principal Loss Amount                                        |                  |                  |                |                |                |                  |               
|Beginning Balance                                                             | 4,353,148.10     | 4,344,441.80     | -              | -              | -              | -                | -             
|Current Period Increase (Decrease)                                            | (1,868,786.06)   | (1,876,335.61)   | -              | -              | -              | -                | -             
|Ending Balance                                                                | 2,484,362.04     | 2,468,106.19     | -              | -              | -              | -                | -             
|                                                                              |                  |                  |                |                |                |                  |               
|                                                                              |                  | Securities       | Class A1       | Class A2       | Class A3       | Class A4         | Class A5      
|Total Distributions to Noteholders and Certificateholders:                    | Total            | Balance (99.8%)  | Balance        | Balance        | Balance        | Balance          | Balance       
|Interest Distributions                                                        | 217,041,035.30   | 216,586,352.36   | -              | 5,244,795.99   | 19,985,952.54  | 64,500,000.00    | 53,665,500.00 
|Principal Distributions                                                       | 680,239,336.43   | 678,906,820.33   | -              | 296,634,647.19 | 378,631,670.54 | -                | -             
|Total Distributions                                                           | 897,280,371.73   | 895,493,172.69   | -              | 301,879,443.18 | 398,617,623.08 | 64,500,000.00    | 53,665,500.00 
|                                                                              |                  |                  |                |                |                |                  |               
|Original Deal Parameter                                                       |                  |                  |                |                |                |                  |               
|Aggregate Net Investment Value (ANIV)                                         | 3,300,158,606.28 | -                | -              | -              | -              | -                | -             
|Initial Note/Certificate Balance                                              |                  | 3,293,558,289.00 | 380,000,000.00 | 360,000,000.00 | 400,000,000.00 | 1,000,000,000.00 | 807,000,000.00
|Percent of ANIV                                                               |                  | 99.80%           | 11.51%         | 10.91%         | 12.12%         | 30.30%           | 24.45%        
|Class Allocation Percentage                                                   |                  |                  | 12.89%         | 12.22%         | 13.57%         | 33.93%           | 27.38%        
|Note/Certificate Factor                                                       |                  |                  | 1.00           | 1.00           | 1.00           | 1.00             | 1.00          
|Note/Certificate Rate                                                         |                  |                  | 5.445%         | 5.875%         | 6.100%         | 6.450%           | 6.650%        
|Servicer Advance                                                              | -                |                  |                |                |                |                  |               
|Servicer Payahead                                                             | 7,383,934.30     |                  |                |                |                |                  |               
|Number of Contracts                                                           | 172,598          |                  |                |                |                |                  |               
|Weighted Average Lease Rate                                                   | 6.29%            |                  |                |                |                |                  |               
|Weighted Average Lease Rate (Discounted)                                      | 9.05%            |                  |                |                |                |                  |               
|Weighted Average Remaining Term                                               | 30.48            |                  |                |                |                |                  |               
|Servicing Fee Percentage                                                      | 1.00%            |                  |                |                |                |                  |               
|                                                                              |                  |                  |                |                |                |                  |               
|Pool Data Prior Fiscal Year                                                   |                  |                  |                |                |                |                  |               
|Aggregate Net Investment Value (ANIV)                                         | 2,851,612,142.63 |                  |                |                |                |                  |               
|Note/Certificate Balance                                                      |                  | 2,845,908,918.44 | -              | 296,634,647.19 | 400,000,000.00 | 1,000,000,000.00 | 807,000,000.00
|Percent of ANIV                                                               |                  | 99.80%           | 0.00%          | 10.40%         | 14.03%         | 35.07%           | 28.30%        
|Class Allocation Percentage                                                   |                  |                  | 0.00%          | 11.85%         | 15.98%         | 39.94%           | 32.23%        
|Note/Certificate Factor                                                       |                  |                  | -              | 0.82           | 1.00           | 1.00             | 1.00          
|Servicer Advance                                                              | 937,208.76       |                  |                |                |                |                  |               
|Servicer Payahead                                                             | 8,367,393.53     |                  |                |                |                |                  |               
|Number of Contracts                                                           | 162,290          |                  |                |                |                |                  |               
|Weighted Average Lease Rate                                                   | 6.28%            |                  |                |                |                |                  |               
|Weighted Average Lease Rate (Discounted)                                      | 9.04%            |                  |                |                |                |                  |               
|Weighted Average Remaining Term                                               | 21.55            |                  |                |                |                |                  |               
|Servicing Fee Percentage                                                      | 1.00%            |                  |                |                |                |                  |               
|Number of Days in the Accrual Period                                          |                  |                  | 261            | 261            | 256            | 256              | 256           
|                                                                              |                  |                  |                |                |                |                  |               
|Pool Data Current Fiscal Year                                                 |                  |                  |                |                |                |                  |               
|Aggregate Net Investment Value (ANIV)                                         | 2,173,622,864.08 |                  |                |                |                |                  |               
|Note/Certificate Balance                                                      |                  | 2,169,246,926.56 | -              | -              | 21,368,329.47  | 1,000,000,000.00 | 807,000,000.00
|Percent of ANIV                                                               |                  | 99.80%           | 0.00%          | 0.00%          | 0.98%          | 46.01%           | 37.13%        
|Class Allocation Percentage                                                   |                  |                  | 0.00%          | 0.00%          | 1.17%          | 54.69%           | 44.14%        
|Note/Certificate Factor                                                       |                  |                  | -              | -              | 0.05           | 1.00             | 1.00          
|Servicer Advance                                                              | 1,106,280.47     |                  |                |                |                |                  |               
|Servicer Payahead                                                             | 7,318,613.72     |                  |                |                |                |                  |               
|Number of Contracts                                                           | 140,852          |                  |                |                |                |                  |               
|Weighted Average Lease Rate                                                   | 6.27%            |                  |                |                |                |                  |               
|Weighted Average Lease Rate (Discounted)                                      | 9.04%            |                  |                |                |                |                  |               
|Weighted Average Remaining Term                                               | 10.28            |                  |                |                |                |                  |               
|Servicing Fee Percentage                                                      | 1.00%            |                  |                |                |                |                  |               
|Number of Days in the Accrual Period                                          |                  |                  | 365            | 365            | 360            | 360              | 360           
|                                                                              |                  |                  |                |                |                |                  |               

|                                                                              |               |               |                 |                    
|----------------------------------------------------------------------------- | ------------- | ------------- | --------------- | -------------------
|                                                                              | Class B       | Class C       | Certificate     | Transferor Interest
|Collections for the Fiscal Year:                                              | Balance       | Balance       | Balance         | Balance            
|Interest                                                                      |               |               |                 |                    
|Scheduled Interest Collections                                                | -             | -             | -               | 442,495.91         
|Interest Related To Prepayments in Full                                       | -             | -             | -               | 6,221.96           
|Interest Related To Full Term and Over Term Payoffs                           | -             | -             | -               | 178.55             
|Interest Related to Reallocation Payments                                     | -             | -             | -               | 193.08             
|Excess Liquidation Proceeds                                                   | -             | -             | -               | -                  
|Recoveries                                                                    | -             | -             | -               | 5,593.46           
|Available Interest                                                            | -             | -             | -               | 454,682.95         
|Principal                                                                     |               |               |                 |                    
|Scheduled Principal Collections                                               | -             | -             | -               | 688,908.30         
|Prepayments In Full                                                           | -             | -             | -               | 330,380.93         
|Full Term and Over Term Payoffs                                               | -             | -             | -               | 139,871.75         
|Reallocation Payment                                                          | -             | -             | -               | 17,709.66          
|Net Liquidation Proceeds                                                      | -             | -             | -               | 154,247.94         
|Available Principal                                                           | -             | -             | -               | 1,331,118.59       
|Withdrawal from Reserve Fund                                                  |               |               |                 |                    
|Total of Sources for Distribution                                             |               |               |                 |                    
|                                                                              |               |               |                 |                    
|                                                                              | Class B       | Class C       | Certificate     | Transferor Interest
|Distributions for the Fiscal Year:                                            | Balance       | Balance       | Balance         | Balance            
|Interest                                                                      |               |               |                 |                    
|Transferor Interest                                                           | -             | -             | -               | 403,308.72         
|Capped Trustee Fees                                                           | -             | -             | -               | -                  
|Class A Interest                                                              | -             | -             | -               | -                  
|Class A Interest Carryover Shortfalls                                         | -             | -             | -               | -                  
|Class B Interest                                                              | 4,389,000.00  | -             | -               | -                  
|Class B Interest Carryover Shortfalls                                         | -             | -             | -               | -                  
|Class C Interest                                                              | -             | 4,554,000.00  | -               | -                  
|Class C Interest Carryover Shortfalls                                         | -             | -             | -               | -                  
|Capped Contingent and Excess Liability Premiums                               | -             | -             | -               | -                  
|Capped Origination Trust Administrative Expenses                              | -             | -             | -               | -                  
|Other Capped Trustee Fees                                                     | -             | -             | -               | -                  
|Servicer's Fee                                                                | -             | -             | -               | 51,374.22          
|Unpaid Servicer's Fees Related to Prior Collection Periods                    | -             | -             | -               | -                  
|Reserve Fund Deposit                                                          | -             | -             | -               | -                  
|Certificate Interest                                                          | -             | -             | 12,010,519.33   | -                  
|Certificate Interest Carryover Shortfall                                      | -             | -             | 13,462,506.71   | -                  
|Excess Interest to Transferor                                                 | -             | -             | -               | -                  
|Total Distributions of Interest                                               | 4,389,000.00  | 4,554,000.00  | 25,473,026.04   | 454,682.94         
|                                                                              |               |               |                 |                    
|Principal                                                                     |               |               |                 |                    
|Transferor Principal                                                          | -             | -             | -               | 1,332,516.09       
|Principal Distribution to A-1, A-2, A-3 and A-4 Notes                         | -             | -             | -               | -                  
|Principal Distribution to A-5, B and C Notes                                  | -             | -             | -               | -                  
|Principal Distribution to Certificates                                        | -             | -             | -               | -                  
|Class A Covered Loss Amount                                                   | -             | -             | -               | -                  
|Class A Note Principal Loss Amount/Class A Note Principal Carryover Shortfall | -             | -             | -               | -                  
|Class B Covered and Uncovered Loss Amount                                     | -             | -             | -               | -                  
|Class C Covered and Uncovered Loss Amount                                     | -             | -             | -               | -                  
|Class B Note Principal Loss Carryover Shortfall                               | -             | -             | -               | -                  
|Class C Note Principal Loss Carryover Shortfall                               | -             | -             | -               | -                  
|Class B Note Interest on Principal Loss Carryover Shortfall                   | -             | -             | -               | -                  
|Class C Note Interest on Principal Loss Carryover Shortfall                   | -             | -             | -               | -                  
|Certificate Principal Loss Amount/Certificate Principal Carryover Shortfall   | -             | -             | 3,640,502.60    | -                  
|Uncapped Administrative Expenses (paid to the Trustees)                       | -             | -             | -               | -                  
|Total Distributions of Principal                                              | -             | -             | 3,640,502.60    | 1,332,516.09       
|                                                                              |               |               |                 |                    
|Note/Certificate Interest Carryover Shortfalls                                |               |               |                 |                    
|Beginning Balance                                                             | -             | -             | 10,695,108.92   | -                  
|Current Period Increase (Decrease)                                            | -             | -             | (10,695,108.92) | -                  
|Ending Balance                                                                | -             | -             | (0.00)          | -                  
|Note/Certificate Principal Loss Amount                                        | -             | -             | -               | -                  
|Beginning Balance                                                             | -             | -             | 4,344,441.80    | 8,706.30           
|Current Period Increase (Decrease)                                            | -             | -             | (1,876,335.61)  | 7,549.55           
|Ending Balance                                                                | -             | -             | 2,468,106.19    | 16,255.85          
|                                                                              |               |               |                 |                    
|                                                                              | Class B       | Class C       | Certificate     | Transferor Interest
|Total Distributions to Noteholders and Certificateholders:                    | Balance       | Balance       | Balance         | Balance            
|Interest Distributions                                                        | 4,389,000.00  | 4,554,000.00  | 25,473,026.04   | 454,682.94         
|Principal Distributions                                                       | -             | -             | 3,640,502.60    | 1,332,516.09       
|Total Distributions                                                           | 4,389,000.00  | 4,554,000.00  | 29,113,528.64   | 1,787,199.04       
|                                                                              |               |               |                 |                    
|Original Deal Parameter                                                       |               |               |                 |                    
|Aggregate Net Investment Value (ANIV)                                         |               |               |                 |                    
|Initial Note/Certificate Balance                                              | 66,000,000.00 | 66,000,000.00 | 214,558,289.00  | 6,600,317.28       
|Percent of ANIV                                                               | 2.00%         | 2.00%         | 6.50%           | 0.20%              
|Class Allocation Percentage                                                   | 100.00%       | 100.00%       | 100.00%         |                    
|Note/Certificate Factor                                                       | 1.00          | 1.00          | 1.00            |                    
|Note/Certificate Rate                                                         | 6.650%        | 6.900%        | 6.900%          |                    
|Servicer Advance                                                              |               |               |                 |                    
|Servicer Payahead                                                             |               |               |                 |                    
|Number of Contracts                                                           |               |               |                 |                    
|Weighted Average Lease Rate                                                   |               |               |                 |                    
|Weighted Average Lease Rate (Discounted)                                      |               |               |                 |                    
|Weighted Average Remaining Term                                               |               |               |                 |                    
|Servicing Fee Percentage                                                      |               |               |                 |                    
|                                                                              |               |               |                 |                    
|Pool Data Prior Fiscal Year                                                   |               |               |                 |                    
|Aggregate Net Investment Value (ANIV)                                         |               |               |                 |                    
|Note/Certificate Balance                                                      | 66,000,000.00 | 66,000,000.00 | 210,274,271.25  | 5,703,224.19       
|Percent of ANIV                                                               | 2.31%         | 2.31%         | 7.37%           | 0.20%              
|Class Allocation Percentage                                                   | 100.00%       | 100.00%       | 100.00%         |                    
|Note/Certificate Factor                                                       | 1.00          | 1.00          | 0.98            |                    
|Servicer Advance                                                              |               |               |                 |                    
|Servicer Payahead                                                             |               |               |                 |                    
|Number of Contracts                                                           |               |               |                 |                    
|Weighted Average Lease Rate                                                   |               |               |                 |                    
|Weighted Average Lease Rate (Discounted)                                      |               |               |                 |                    
|Weighted Average Remaining Term                                               |               |               |                 |                    
|Servicing Fee Percentage                                                      |               |               |                 |                    
|Number of Days in the Accrual Period                                          | 256           | 256           | 256             |                    
|                                                                              |               |               |                 |                    
|Pool Data Current Fiscal Year                                                 |               |               |                 |                    
|Aggregate Net Investment Value (ANIV)                                         |               |               |                 |                    
|Note/Certificate Balance                                                      | 66,000,000.00 | 66,000,000.00 | 208,878,597.09  | 4,375,937.52       
|Percent of ANIV                                                               | 3.04%         | 3.04%         | 9.61%           | 0.20%              
|Class Allocation Percentage                                                   | 100.00%       | 100.00%       | 100.00%         |                    
|Note/Certificate Factor                                                       | 1.00          | 1.00          | 0.97            |                    
|Servicer Advance                                                              |               |               |                 |                    
|Servicer Payahead                                                             |               |               |                 |                    
|Number of Contracts                                                           |               |               |                 |                    
|Weighted Average Lease Rate                                                   |               |               |                 |                    
|Weighted Average Lease Rate (Discounted)                                      |               |               |                 |                    
|Weighted Average Remaining Term                                               |               |               |                 |                    
|Servicing Fee Percentage                                                      |               |               |                 |                    
|Number of Days in the Accrual Period                                          | 360           | 360           | 360             |                    
|                                                                              |               |               |                 |                    
|I hereby certify to the best of my knowledge that                             |               |               |                 |                    
|the report provided is true and correct.                                      |               |               |                 |                    
|                                                                              |               |               |                 |                    
|                                                                              |               |               |                 |                    
|By:                                                                           |               |               |                 |                    
|/s/ John Weisickle                                                            |               |               |                 |                    
|John Weisickle, Vice President / Finance                                      |               |               |                 |                    

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