<PAGE>
                                                                    EXHIBIT 99.1

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
February 26, 2001 Thru March 25, 2001
Distribution Date: 04-16-01
Statement for Class A and Class B Noteholders Pursuant                                               Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                      Class A/Class B
                                                                                                           Note Amount
                                                                                                     ----------------------
<S>                                                                            <C>                         <C>
(i)  Principal Distribution
          Class A-1  Amount                                                                  -                     -
          Class A-2  Amount                                                                  -                     -
          Class A-3  Amount                                                      17,767,615.23               74.0317
          Class A-4  Amount                                                                  -                     -
          Class B Amount                                                          1,016,204.66               22.4093
(ii)  Interest Distribution
          Class A-1  Amount                                                                  -                     -
          Class A-2  Amount                                                                  -                     -
          Class A-3  Amount                                                         395,786.50                1.6491
          Class A-4  Amount                                                       1,205,400.00                4.7833
          Class B Amount                                                             96,424.40                2.1263

(iii)  Basic Servicing Fee                                                          297,000.21                0.2946
(iv)  Outstanding Advances (end of preceding collection period)                              -
(v)  Aggregate Receivables (end of preceding collection period)                 356,400,256.04

(vi)  Class A-1 Note Balance (end of Collection Period)                                      -
       Class A-1 Pool Factor (end of Collection Period)                                      -
       Class A-2 Note Balance (end of Collection Period)                                     -
       Class A-2 Pool Factor (end of Collection Period)                                      -
       Class A-3 Note Balance (end of Collection Period)                         67,347,761.03
       Class A-3 Pool Factor (end of Collection Period)                              0.2806157
       Class A-3 Note Balance (end of Collection Period)                        252,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                              1.0000000
       Class B Note Balance (end of Collection Period)                           18,268,675.12
       Class B Pool Factor (end of Collection Period)                                0.4028605
                                                                               ---------------
       Total Pool Balance (end of Collection Period)                            337,616,436.15

(vii)  Realized Losses                                                              809,695.35

(viii)  Noteholders Interest Carryover Shortfall                                             -
         Noteholders Principal Carryover Shortfall                                           -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                                -

(x)  Reserve Account Balance                                                     21,825,186.67
       Average Delinquency Ratio                                                        0.9795%
       Average Net Loss Ratio                                                           1.7739%
       Specified Reserve Account Balance                                         30,385,479.25

(xi)  Gross Loss Ratio                                                                    2.38%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
March 26, 2001 Thru April 25, 2001
Distribution Date: 05-15-01
Statement for Class A and Class B Noteholders Pursuant                                               Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                      Class A/Class B
                                                                                                           Note Amount
                                                                                                     ----------------------
<S>                                                                            <C>                         <C>

(i)  Principal Distribution
          Class A-1  Amount                                                                  -                    -
          Class A-2  Amount                                                                  -                    -
          Class A-3  Amount                                                      18,941,405.05              78.9225
          Class A-4  Amount                                                                  -                    -
          Class B Amount                                                          1,083,338.63              23.8898
(ii)  Interest Distribution
          Class A-1  Amount                                                                  -                    -
          Class A-2  Amount                                                                  -                    -
          Class A-3  Amount                                                         313,167.09               1.3049
          Class A-4  Amount                                                       1,205,400.00               4.7833
          Class B Amount                                                             91,343.38               2.0143

(iii)  Basic Servicing Fee                                                          281,347.03               0.2791
(iv)  Outstanding Advances (end of preceding collection period)                              -
(v)  Aggregate Receivables (end of preceding collection period)                 337,616,436.15

(vi)  Class A-1 Note Balance (end of Collection Period)                                      -
       Class A-1 Pool Factor (end of Collection Period)                                      -
       Class A-2 Note Balance (end of Collection Period)                                     -
       Class A-2 Pool Factor (end of Collection Period)                                      -
       Class A-3 Note Balance (end of Collection Period)                         48,406,355.98
       Class A-3 Pool Factor (end of Collection Period)                              0.2016931
       Class A-3 Note Balance (end of Collection Period)                        252,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                              1.0000000
       Class B Note Balance (end of Collection Period)                           17,185,336.49
       Class B Pool Factor (end of Collection Period)                                0.3789707
                                                                               ---------------
       Total Pool Balance (end of Collection Period)                            317,591,692.47

(vii)  Realized Losses                                                              745,034.16

(viii)  Noteholders Interest Carryover Shortfall                                             -
         Noteholders Principal Carryover Shortfall                                           -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                                -

(x)  Reserve Account Balance                                                     22,216,375.61
       Average Delinquency Ratio                                                        0.8489%
       Average Net Loss Ratio                                                           1.9917%
       Specified Reserve Account Balance                                         28,583,252.32

(xi)  Gross Loss Ratio                                                                    2.49%
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
April 26, 2001 Thru May 31, 2001
Distribution Date: 06-15-01
Statement for Class A and Class B Noteholders Pursuant                                           Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                  Class A/Class B
                                                                                                       Note Amount
                                                                                                 ----------------------
<S>                                                                          <C>                       <C>

(i)  Principal Distribution
          Class A-1  Amount                                                               -                     -
          Class A-2  Amount                                                               -                     -
          Class A-3  Amount                                                   19,372,523.38               80.7188
          Class A-4  Amount                                                               -                     -
          Class B Amount                                                       1,107,996.10               24.4335
(ii)  Interest Distribution
          Class A-1  Amount                                                               -                     -
          Class A-2  Amount                                                               -                     -
          Class A-3  Amount                                                      225,089.56                0.9379
          Class A-4  Amount                                                    1,205,400.00                4.7833
          Class B Amount                                                          85,926.68                1.8949

(iii)  Basic Servicing Fee                                                       264,659.74                0.2625
(iv)  Outstanding Advances (end of preceding collection period)                           -
(v)  Aggregate Receivables (end of preceding collection period)              317,591,692.47

(vi)  Class A-1 Note Balance (end of Collection Period)                                   -
       Class A-1 Pool Factor (end of Collection Period)                                   -
       Class A-2 Note Balance (end of Collection Period)                                  -
       Class A-2 Pool Factor (end of Collection Period)                                   -
       Class A-3 Note Balance (end of Collection Period)                      29,033,832.60
       Class A-3 Pool Factor (end of Collection Period)                           0.1209743
       Class A-3 Note Balance (end of Collection Period)                     252,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                           1.0000000
       Class B Note Balance (end of Collection Period)                        16,077,340.39
       Class B Pool Factor (end of Collection Period)                             0.3545372
                                                                            ---------------
       Total Pool Balance (end of Collection Period)                         297,111,172.99

(vii)  Realized Losses                                                           695,731.87

(viii)  Noteholders Interest Carryover Shortfall                                          -
         Noteholders Principal Carryover Shortfall                                        -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                             -

(x)  Reserve Account Balance                                                  22,872,039.23
       Average Delinquency Ratio                                                     0.8257%
       Average Net Loss Ratio                                                        2.0029%
       Specified Reserve Account Balance                                      26,740,005.57

(xi)  Gross Loss Ratio                                                                 2.59%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
June 01, 2001 Thru June 30 2001
Distribution Date: 07-16-01
Statement for Class A and Class B Noteholders Pursuant                                               Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                       Class A/Class B
                                                                                                            Note Amount
                                                                                                     ----------------------
<S>                                                                            <C>                         <C>

(i)  Principal Distribution
          Class A-1  Amount                                                                   -                     -
          Class A-2  Amount                                                                   -                     -
          Class A-3  Amount                                                       15,342,543.89               63.9273
          Class A-4  Amount                                                                   -                     -
          Class B Amount                                                             877,504.62               19.3507
(ii)  Interest Distribution
          Class A-1  Amount                                                                   -                     -
          Class A-2  Amount                                                                   -                     -
          Class A-3  Amount                                                          135,007.32                0.5625
          Class A-4  Amount                                                        1,205,400.00                4.7833
          Class B Amount                                                              80,386.70                1.7727

(iii)  Basic Servicing Fee                                                           247,592.64                0.2456
(iv)  Outstanding Advances (end of preceding collection period)                               -
(v)  Aggregate Receivables (end of preceding collection period)                  297,111,172.99

(vi)  Class A-1 Note Balance (end of Collection Period)                                       -
       Class A-1 Pool Factor (end of Collection Period)                                       -
       Class A-2 Note Balance (end of Collection Period)                                      -
       Class A-2 Pool Factor (end of Collection Period)                                       -
       Class A-3 Note Balance (end of Collection Period)                          13,691,288.71
       Class A-3 Pool Factor (end of Collection Period)                               0.0570470
       Class A-3 Note Balance (end of Collection Period)                         252,000,000.00
       Class A-3 Pool Factor (end of Collection Period)                               1.0000000
       Class B Note Balance (end of Collection Period)                            15,199,835.77
       Class B Pool Factor (end of Collection Period)                                 0.3351865
                                                                               ----------------
       Total Pool Balance (end of Collection Period)                             280,891,124.48

(vii)  Realized Losses                                                               635,984.69

(viii)  Noteholders Interest Carryover Shortfall                                              -
         Noteholders Principal Carryover Shortfall                                            -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                                 -

(x)  Reserve Account Balance                                                      22,935,575.72
       Average Delinquency Ratio                                                         0.9133%
       Average Net Loss Ratio                                                            2.0488%
       Specified Reserve Account Balance                                          25,280,201.20

(xi)  Gross Loss Ratio                                                                     2.66%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
July 01, 2001 Thru July 31 2001
Distribution Date: 08-15-01
Statement for Class A and Class B Noteholders Pursuant                                               Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                      Class A/Class B
                                                                                                           Note Amount
                                                                                                     ----------------------
<S>                                                                            <C>                         <C>

(i)  Principal Distribution
          Class A-1  Amount                                                                  -                    -
          Class A-2  Amount                                                                  -                    -
          Class A-3  Amount                                                      13,691,288.71              57.0470
          Class A-4  Amount                                                       2,496,403.19               9.9064
          Class B Amount                                                            925,842.19              20.4167
(ii)  Interest Distribution
          Class A-1  Amount                                                                  -                    -
          Class A-2  Amount                                                                  -                    -
          Class A-3  Amount                                                          63,664.49               0.2653
          Class A-4  Amount                                                       1,205,400.00               4.7833
          Class B Amount                                                             75,999.18               1.6759

(iii)  Basic Servicing Fee                                                          234,075.94               0.2322
(iv)  Outstanding Advances (end of preceding collection period)                              -
(v)  Aggregate Receivables (end of preceding collection period)                 280,891,124.48

(vi)  Class A-1 Note Balance (end of Collection Period)                                      -
       Class A-1 Pool Factor (end of Collection Period)                                      -
       Class A-2 Note Balance (end of Collection Period)                                     -
       Class A-2 Pool Factor (end of Collection Period)                                      -
       Class A-3 Note Balance (end of Collection Period)                                  0.00
       Class A-3 Pool Factor (end of Collection Period)                              0.0000000
       Class A-3 Note Balance (end of Collection Period)                        249,503,596.81
       Class A-3 Pool Factor (end of Collection Period)                              0.9900936
       Class B Note Balance (end of Collection Period)                           14,273,993.58
       Class B Pool Factor (end of Collection Period)                                0.3147698
                                                                               ---------------
       Total Pool Balance (end of Collection Period)                            263,777,590.39

(vii)  Realized Losses                                                              469,761.54

(viii)  Noteholders Interest Carryover Shortfall                                             -
         Noteholders Principal Carryover Shortfall                                           -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                                -

(x)  Reserve Account Balance                                                     23,440,931.45
       Average Delinquency Ratio                                                        1.0613%
       Average Net Loss Ratio                                                           1.9322%
       Specified Reserve Account Balance                                         23,739,983.14

(xi)  Gross Loss Ratio                                                                    2.72%
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
August 01, 2001 Thru August 31, 2001
Distribution Date: 09-17-01
Statement for Class A and Class B Noteholders Pursuant                                            Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                    Class A/Class B
                                                                                                        Note Amount
                                                                                                  ----------------------
<S>                                                                           <C>                      <C>
(i)  Principal Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                    16,590,176.60              65.8340
          Class B Amount                                                          948,861.99              20.9243
(ii)  Interest Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                     1,193,458.87               4.7359
          Class B Amount                                                           71,369.97               1.5738

(iii)  Basic Servicing Fee                                                        219,814.66               0.2180
(iv)  Outstanding Advances (end of preceding collection period)                            -
(v)  Aggregate Receivables (end of preceding collection period)               263,777,590.39

(vi)  Class A-1 Note Balance (end of Collection Period)                                    -
       Class A-1 Pool Factor (end of Collection Period)                                    -
       Class A-2 Note Balance (end of Collection Period)                                   -
       Class A-2 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                                   -
       Class A-3 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                      232,913,420.21
       Class A-3 Pool Factor (end of Collection Period)                            0.9242596
       Class B Note Balance (end of Collection Period)                         13,325,131.59
       Class B Pool Factor (end of Collection Period)                              0.2938455
                                                                             ---------------
       Total Pool Balance (end of Collection Period)                          246,238,551.80

(vii)  Realized Losses                                                            629,966.14

(viii)  Noteholders Interest Carryover Shortfall                                           -
         Noteholders Principal Carryover Shortfall                                         -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                              -

(x)  Reserve Account Balance                                                   22,161,469.66
       Average Delinquency Ratio                                                      1.0694%
       Average Net Loss Ratio                                                         2.0449%
       Specified Reserve Account Balance                                       22,161,469.66

(xi)  Gross Loss Ratio                                                                  2.80%
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
September 01, 2001 Thru September 31, 2001
Distribution Date: 10-15-01
Statement for Class A and Class B Noteholders Pursuant                                            Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                    Class A/Class B
                                                                                                        Note Amount
                                                                                                  ----------------------
<S>                                                                         <C>                          <C>

(i)  Principal Distribution
          Class A-1  Amount                                                              -                     -
          Class A-2  Amount                                                              -                     -
          Class A-3  Amount                                                              -                     -
          Class A-4  Amount                                                  12,539,258.94               49.7590
          Class B Amount                                                        717,172.97               15.8151
(ii)  Interest Distribution
          Class A-1  Amount                                                              -                     -
          Class A-2  Amount                                                              -                     -
          Class A-3  Amount                                                              -                     -
          Class A-4  Amount                                                   1,114,102.53                4.4210
          Class B Amount                                                         66,625.66                1.4692

(iii)  Basic Servicing Fee                                                      205,198.79                0.2035
(iv)  Outstanding Advances (end of preceding collection period)                          -
(v)  Aggregate Receivables (end of preceding collection period)             246,238,551.80

(vi)  Class A-1 Note Balance (end of Collection Period)                                  -
       Class A-1 Pool Factor (end of Collection Period)                                  -
       Class A-2 Note Balance (end of Collection Period)                                 -
       Class A-2 Pool Factor (end of Collection Period)                                  -
       Class A-3 Note Balance (end of Collection Period)                                 -
       Class A-3 Pool Factor (end of Collection Period)                                  -
       Class A-3 Note Balance (end of Collection Period)                    220,374,161.27
       Class A-3 Pool Factor (end of Collection Period)                          0.8745006
       Class B Note Balance (end of Collection Period)                       12,607,958.62
       Class B Pool Factor (end of Collection Period)                            0.2780305
                                                                           ---------------
       Total Pool Balance (end of Collection Period)                        232,982,119.89

(vii)  Realized Losses                                                          420,173.15

(viii)  Noteholders Interest Carryover Shortfall                                         -
         Noteholders Principal Carryover Shortfall                                       -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                            -

(x)  Reserve Account Balance                                                 20,968,390.79
       Average Delinquency Ratio                                                    1.0480%
       Average Net Loss Ratio                                                       1.8356%
       Specified Reserve Account Balance                                     20,968,390.79

(xi)  Gross Loss Ratio                                                                2.85%
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
October 01, 2001 Thru October 31, 2001
Distribution Date: 11-15-01
Statement for Class A and Class B Noteholders Pursuant                                           Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                 Class A/Class B
                                                                                                      Note Amount
                                                                                                 ----------------------
<S>                                                                         <C>                     <C>
(i)  Principal Distribution
          Class A-1  Amount                                                              -                     -
          Class A-2  Amount                                                              -                     -
          Class A-3  Amount                                                              -                     -
          Class A-4  Amount                                                  15,624,375.16               62.0015
          Class B Amount                                                        893,623.74               19.7062
(ii)  Interest Distribution
          Class A-1  Amount                                                              -                     -
          Class A-2  Amount                                                              -                     -
          Class A-3  Amount                                                              -                     -
          Class A-4  Amount                                                   1,054,123.07                4.1830
          Class B Amount                                                         63,039.79                1.3902

(iii)  Basic Servicing Fee                                                      194,151.77                0.1926
(iv)  Outstanding Advances (end of preceding collection period)                          -
(v)  Aggregate Receivables (end of preceding collection period)             232,982,119.89

(vi)  Class A-1 Note Balance (end of Collection Period)                                  -
       Class A-1 Pool Factor (end of Collection Period)                                  -
       Class A-2 Note Balance (end of Collection Period)                                 -
       Class A-2 Pool Factor (end of Collection Period)                                  -
       Class A-3 Note Balance (end of Collection Period)                                 -
       Class A-3 Pool Factor (end of Collection Period)                                  -
       Class A-3 Note Balance (end of Collection Period)                    204,749,786.11
       Class A-3 Pool Factor (end of Collection Period)                          0.8124992
       Class B Note Balance (end of Collection Period)                       11,714,334.88
       Class B Pool Factor (end of Collection Period)                            0.2583243
                                                                           ---------------
       Total Pool Balance (end of Collection Period)                        216,464,120.99

(vii)  Realized Losses                                                          495,614.32

(viii)  Noteholders Interest Carryover Shortfall                                         -
         Noteholders Principal Carryover Shortfall                                       -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                            -

(x)  Reserve Account Balance                                                 20,162,948.01
       Average Delinquency Ratio                                                    0.9683%
       Average Net Loss Ratio                                                       2.0205%
       Specified Reserve Account Balance                                     20,162,948.01

(xi)  Gross Loss Ratio                                                                2.91%
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
November 1, 2001 Thru November 30, 2001
Distribution Date: 12-17-01
Statement for Class A and Class B Noteholders Pursuant                                           Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                  Class A/Class B
                                                                                                       Note Amount
                                                                                                 ----------------------
<S>                                                                           <C>                     <C>
(i)  Principal Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                    14,224,610.27              56.4469
          Class B Amount                                                          813,565.30              17.9407
(ii)  Interest Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                       979,386.48               3.8865
          Class B Amount                                                           58,571.67               1.2916

(iii)  Basic Servicing Fee                                                        180,386.77               0.1789
(iv)  Outstanding Advances (end of preceding collection period)                            -
(v)  Aggregate Receivables (end of preceding collection period)               216,464,120.99

(vi)  Class A-1 Note Balance (end of Collection Period)                                    -
       Class A-1 Pool Factor (end of Collection Period)                                    -
       Class A-2 Note Balance (end of Collection Period)                                   -
       Class A-2 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                                   -
       Class A-3 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                      190,525,175.84
       Class A-3 Pool Factor (end of Collection Period)                            0.7560523
       Class B Note Balance (end of Collection Period)                         10,900,769.58
       Class B Pool Factor (end of Collection Period)                              0.2403836
                                                                            ----------------
       Total Pool Balance (end of Collection Period)                          201,425,945.42

(vii)  Realized Losses                                                            244,774.59

(viii)  Noteholders Interest Carryover Shortfall                                           -
         Noteholders Principal Carryover Shortfall                                         -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                              -

(x)  Reserve Account Balance                                                   20,162,948.01
       Average Delinquency Ratio                                                      0.9748%
       Average Net Loss Ratio                                                         1.5964%
       Specified Reserve Account Balance                                       20,162,948.01

(xi)  Gross Loss Ratio                                                                  2.95%
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  First Security Bank, N.A.
December 1, 2001 Thru December 31, 2001
Distribution Date: 1-15-02
Statement for Class A and Class B Noteholders Pursuant                                            Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                    Class A/Class B
                                                                                                         Note Amount
                                                                                                  ----------------------
<S>                                                                           <C>                      <C>

(i)  Principal Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                    12,320,348.85              48.8903
          Class B Amount                                                          704,652.58              15.5390
(ii)  Interest Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                       911,345.42               3.6165
          Class B Amount                                                           54,503.85               1.2019

(iii)  Basic Servicing Fee                                                        167,854.95               0.1665
(iv)  Outstanding Advances (end of preceding collection period)                            -
(v)  Aggregate Receivables (end of preceding collection period)               201,425,945.42

(vi)  Class A-1 Note Balance (end of Collection Period)                                    -
       Class A-1 Pool Factor (end of Collection Period)                                    -
       Class A-2 Note Balance (end of Collection Period)                                   -
       Class A-2 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                                   -
       Class A-3 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                      178,204,826.99
       Class A-3 Pool Factor (end of Collection Period)                            0.7071620
       Class B Note Balance (end of Collection Period)                         10,196,117.00
       Class B Pool Factor (end of Collection Period)                              0.2248446
                                                                             ---------------
       Total Pool Balance (end of Collection Period)                          188,400,943.99

(vii)  Realized Losses                                                            379,681.18

(viii)  Noteholders Interest Carryover Shortfall                                           -
         Noteholders Principal Carryover Shortfall                                         -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                              -

(x)  Reserve Account Balance                                                   20,162,948.01
       Average Delinquency Ratio                                                      1.0463%
       Average Net Loss Ratio                                                         1.6925%
       Specified Reserve Account Balance                                       20,162,948.01

(xi)  Gross Loss Ratio                                                                  3.00%
</TABLE>
<PAGE>


<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  Wells Fargo Bank, N.A.
January 1, 2002 Thru January 31, 2002
Distribution Date: 2-15-02
Statement for Class A and Class B Noteholders Pursuant                                               Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                       Class A/Class B
                                                                                                            Note Amount
                                                                                                     ----------------------
<S>                                                                            <C>                         <C>
(i)  Principal Distribution
          Class A-1  Amount                                                                  -                     -
          Class A-2  Amount                                                                  -                     -
          Class A-3  Amount                                                                  -                     -
          Class A-4  Amount                                                      12,740,466.72               50.5574
          Class B Amount                                                            728,680.89               16.0689
(ii)  Interest Distribution
          Class A-1  Amount                                                                  -                     -
          Class A-2  Amount                                                                  -                     -
          Class A-3  Amount                                                                  -                     -
          Class A-4  Amount                                                         852,413.09                3.3826
          Class B Amount                                                             50,980.59                1.1242

(iii)  Basic Servicing Fee                                                          157,000.79                0.1557
(iv)  Outstanding Advances (end of preceding collection period)                              -
(v)  Aggregate Receivables (end of preceding collection period)                 188,400,943.99

(vi)  Class A-1 Note Balance (end of Collection Period)                                      -
       Class A-1 Pool Factor (end of Collection Period)                                      -
       Class A-2 Note Balance (end of Collection Period)                                     -
       Class A-2 Pool Factor (end of Collection Period)                                      -
       Class A-3 Note Balance (end of Collection Period)                                     -
       Class A-3 Pool Factor (end of Collection Period)                                      -
       Class A-3 Note Balance (end of Collection Period)                        165,464,360.27
       Class A-3 Pool Factor (end of Collection Period)                              0.6566046
       Class B Note Balance (end of Collection Period)                            9,467,436.11
       Class B Pool Factor (end of Collection Period)                                0.2087757
                                                                              ----------------
       Total Pool Balance (end of Collection Period)                            174,931,796.38

(vii)  Realized Losses                                                              276,942.69

(viii)  Noteholders Interest Carryover Shortfall                                             -
         Noteholders Principal Carryover Shortfall                                           -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                                -

(x)  Reserve Account Balance                                                     20,162,948.01
       Average Delinquency Ratio                                                        1.1245%
       Average Net Loss Ratio                                                           1.5051%
       Specified Reserve Account Balance                                         20,162,948.01

(xi)  Gross Loss Ratio                                                                    3.04%
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
First Security Auto Owner Trust 1999-1
Monthly Statement to Noteholders
Servicer:  Wells Fargo Bank, N.A.
February 1, 2002 Thru February 28, 2002
Distribution Date: 3-15-02
Statement for Class A and Class B Noteholders Pursuant                                            Per $1,000 of Original
to Section 4.7 of the Sale and Servicing Agreement                                                   Class A/Class B
                                                                                                        Note Amount
                                                                                                  ----------------------
<S>                                                                            <C>                      <C>

(i)  Principal Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                    11,303,797.69              44.8563
          Class B Amount                                                          646,511.74              14.2569
(ii)  Interest Distribution
          Class A-1  Amount                                                                -                    -
          Class A-2  Amount                                                                -                    -
          Class A-3  Amount                                                                -                    -
          Class A-4  Amount                                                       791,471.19               3.1408
          Class B Amount                                                           47,337.18               1.0439

(iii)  Basic Servicing Fee                                                        145,776.50               0.1446
(iv)  Outstanding Advances (end of preceding collection period)                            -
(v)  Aggregate Receivables (end of preceding collection period)               174,931,796.38

(vi)  Class A-1 Note Balance (end of Collection Period)                                    -
       Class A-1 Pool Factor (end of Collection Period)                                    -
       Class A-2 Note Balance (end of Collection Period)                                   -
       Class A-2 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                                   -
       Class A-3 Pool Factor (end of Collection Period)                                    -
       Class A-3 Note Balance (end of Collection Period)                      154,160,562.58
       Class A-3 Pool Factor (end of Collection Period)                            0.6117483
       Class B Note Balance (end of Collection Period)                          8,820,924.37
       Class B Pool Factor (end of Collection Period)                              0.1945189
                                                                             ---------------
       Total Pool Balance (end of Collection Period)                          162,981,486.95

(vii)  Realized Losses                                                            364,144.58

(viii)  Noteholders Interest Carryover Shortfall                                           -
         Noteholders Principal Carryover Shortfall                                         -

(ix)  Aggregate Purchase Amount of Receivables Repurchased by
        the Sellers or purchased by Servicers                                              -

(x)  Reserve Account Balance                                                   20,162,948.01
       Average Delinquency Ratio                                                      1.0812%
       Average Net Loss Ratio                                                         1.8237%
       Specified Reserve Account Balance                                       20,162,948.01

(xi)  Gross Loss Ratio                                                                  3.09%
</TABLE>