UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-K


(Mark One)

(         X )* ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
          EXCHANGE ACT OF 1934.
*  On March 9, 2000,  Registrant  filed a Form 15,  Suspension  of Duty to File
   Reports Under Sections 13 and 15(d) of the Securities & Exchange Act of 1934,
   therefore, this will be the last filing for the Registrant.

For the fiscal year ended December 31, 1999.

(   )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
       SECURITIES EXCHANGE ACT OF 1934

For the transition period from      April 1, 1999 to December 31, 1999

Commission file number 333-74475
------------------------------


            World Omni 1999-A Automobile Lease  Securitization Trust (Exact name
             of registrant as specified in its charter)


            Delaware                                   Non-applicable
            -------                                      ----------
  (State or other jurisdiction of                    (I.R.S. Employer
    incorporation or organization)                      Identification No.)


                  120 NW 12TH Avenue, Deerfield Beach, FL 33442
                ---------------------------------------------
               (Address of principal executive offices) (Zip Code)


                                  (954)429-2200
                                  -------------
                         (Registrant's telephone number,
                              including area code)

      Securities registered pursuant to Section 12(g) of the Act:

   Floating Rate Automobile Lease  Asset-Backed  Notes,  Class A-1 Floating Rate
   Automobile Lease Asset-Backed Notes, Class A-2 Floating Rate Automobile Lease
   Asset-Backed  Notes,  Class A-3 Floating Rate Automobile  Lease  Asset-Backed
   Notes, Class A-4
                          (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No ___


<PAGE>

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained,  to the
best of  registrant's  knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. (X)

As of December 31, 1999, the aggregate market value of the Class A-1, Class A-2,
Class A-3 and Class A-4 Notes was $1,073,472,000.


                       Documents incorporated by reference

                                      None.

           World Omni 1999-A Automobile Lease Securitization Trust*

                                     PART I

ITEM 2.  PROPERTIES

           The World Omni Floating Rate Automobile  Lease  Asset-Backed  Class A
Notes consist of four classes of notes (respectively,  the "Class A-1 Notes",the
"Class  A-2  Notes,  the  "Class  A-3"  Notes and the  "Class  A-4  Notes",  and
collectively,  the "Class A Notes")  issued by the World Omni 1999-A  Automobile
Lease  Securitization  Trust (the  "Trust"),  a Delaware  business trust created
pursuant  to  a  Securitization   Trust  Agreement   between  World  Omni  Lease
Securitization L.P.(the  "Transferor"),Chase  Manhattan Bank, Delaware, as owner
trustee (the "Owner  Trustee")  and Harris Trust & Savings  Bank,  Delaware,  as
indenture trustee (the "Indenture Trustee").

     The Class A Notes were issued  pursuant to an  Indenture  between the Trust
and the Indenture Trustee.  The Class A Notes are secured by the property of the
Trust,  which  consists  of a 100%  undivided  interest  in a  Special  Unit  of
Beneficial  Interest  (the  "SUBI"),  which,  in turn,  evidences  a  beneficial
interest  in certain  specified  assets of World Omni LT, an Alabama  trust (the
"Origination  Trust"),  monies on deposit in certain  accounts and other assets.
The assets of the Origination Trust (the "Origination  Trust Assets") consist of
retail  closed-end lease contracts  assigned to the Origination Trust by dealers
in the World  Omni  Financial  Corp.  ("World  Omni")  network of  dealers,  the
automobiles  and light duty trucks  relating  thereto,  and payments  made under
certain insurance policies relating to such lease contracts, the related lessees
and such leased  vehicles,  including the Residual Value Insurance  Policy,  and
certain other assets.  World Omni will service the lease  contracts  included in
the Origination Trust Assets.

     The SUBI initially evidences a beneficial interest in specified Origination
Trust Assets,  including certain lease contracts, the automobiles and light duty
trucks relating to such lease contracts,  certain monies due under or payable in
respect of such lease  contracts and leased vehicles on or after March 31, 1999,
payments made under certain insurance policies relating to such lease contracts,
the related  leasses and such leased  vehicles,  including  the  Residual  Value
Insurance Policy, and certain other Origination Trust Assets (collectively,  the
"SUBI Assets").  From time to time until  principal is first  distributed to the
Noteholders,  principal  collections  on  the  SUBI  Assets  are  reinvested  in
additional lease contracts and related  Origination  Trust Assets,  which at the
time of reinvestment become SUBI Assets.

     A summary of lease contracts and related leased vehicles  allocated to SUBI
Assets and delinquency information follows (unaudited):

<TABLE>
                                        Units              Book Balance
                                                           ($ in 000's)
<S>                                     <C>                <C>
Lease Contracts outstanding,
  04/1/99                               49,883
Prepayments                             (1,246)            $ 29,307,992.77
Scheduled Terminations                      (7)            $    116,812.10
Charge-Offs                               (283)            $  6,124,594.11
Lease contracts outstanding,
  11/30/99                              52,120

</TABLE>
Delinquent lease contracts as of November 30, 1999:
<TABLE>
                                        Units              ($in 000's)
<S>                                     <C>                <C>
31-60 days                                 463             $   9,874,164
61-90 days                                  60             $   1,294,362
91 days +                                   16             $     368,473
                                        -------                   -------
  TOTAL                                    539             $  11,536,999
</TABLE>
<PAGE>

     Losses on  repossessions  for the  period  ending  November 30,  1999 were
$6,124,594.11 on 283 charge-offs.

         *The information  provided herein is being provided in accordance with
the registrant's no-action letter to the SEC dated as of August 25, 1994.


ITEM 3.  LEGAL PROCEEDINGS

         As of December 31, 1999,  there were no material  legal  proceedings in
respect  to the  Trust or the  Origination  Trust.  The  Origination  Trust is a
defendant  in  various  cases  which  constitute   ordinary  routine  litigation
incidental to its business as an assignee of leased vehicles and leases.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         No vote or  consent  of the  holders  of the  Class  A Notes  has  been
solicited.

                                     Part II
                                     -------


ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

         The Depository Trust Company is registered holder of all Class A Notes.


ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

                                      None.
<PAGE>
                                    PART III
                                    --------
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

Beneficial owners of more than 5% of the Class A-1 Notes at December 31, 1999:
<TABLE>

<S>                               <C>                              <C>                 <C>
                                                                   Amount of           Percent
Title of Class                    Name                             Certificates Held   of Class

Beneficial owners of more than 5% of the Class A-1 Notes at December 31, 1999:

Class A-1                         State Street Bank and Trust      154,200,000         46.73%
                                     Company
                                  1776 Heritage Drive
                                  Global Corporte Action Unit
                                  North Quincy, MA  02171

Class A-1                         Boston Safe Deposit and Trust     80,100,000         24.27%
                                     Company
                                  c/o Mellon Bank N.A.
                                  Three Mellon Bank Center
                                  Room 153-3015
                                  Pittsburgh, PA  15259

Class A-1                         Bankers Trust Company             29,100,000          8.82%
                                  c/o BT Services Tennessee Inc.
                                  648 Grassmere Park Drive
                                  Nashville, TN  37211

Class A-1                         Chase Manhattan Bank              22,600,000          6.85%
                                  4 New York Plaza
                                  13th Floor
                                  New York, NY  10004

Class A-1                         Northern Trust Company            18,200,000          5.52%
                                  801 South Canal
                                  Chicago, IL  60607
</TABLE>
<TABLE>

<S>                               <C>                              <C>                 <C>

Beneficial owners of more than 5% of the Class A-2 Notes at December 31, 1999:

Class A-2                         Citibank, N.A.                   133,300,000         43.00%
                                  P.O. Box 30576
                                  Tampa, FL  33630-3576

Class A-2                         Bankers Trust Company             42,550,000         13.75%
                                  c/o BT Services Tennessee, Inc.
                                  648 Grassmere Park Drive
                                  Nashville, TN  37211

Class A-2                         Bank of New York                  34,550,000         11.15%
                                  925 Patterson Plank Road
                                  Secaucas, NJ  07094

Class A-2                         BNY/ITCSPE                        25,000,000          8.07%
                                  One Chase Manhattan Plaza
                                  58th Floor
                                  Secaucus, NJ  07094

Class A-2                         Northern Trust Company            25,000,000          8.07%
                                  801 South Canal
                                  Chicago, IL  60607

Class A-2                         Citibank, N.A.                    21,450,000          6.92%
                                  P.O. Box 30576
                                  Tampa, FL  33630-3576

</TABLE>
<TABLE>
<S>                               <C>                              <C>                 <C>

Beneficial owners of more than 5% of the Class A-3 Notes at December 31, 1999:


Class A-3                         Chase Manhattan Bank             107,180,000         43.04%
                                  4 New York Plaza
                                  13th Floor
                                  New York, NY  10004

Class A-3                         Bankers Trust Company             83,245,000         33.43%
                                  c/o BT Services Tennessee Inc.
                                  648 Grassmere Park Drive
                                  Nashville, TN  37211

Class A-3                         Harris Trust & Savings Bank       15,000,000          6.02%
                                  Proxy Operations
                                  111 West Monroe Street
                                  Chicago, IL  60603
</TABLE>
<TABLE>
<S>                               <C>                              <C>                 <C>


Beneficial owners of more than 5% of the Class A-4 Notes at December 31, 1999:


Class A-4                         Chase Manhattan Bank              58,472,000         31.70%
                                  4 New York Plaza
                                  New York, NY  10004

Class A-4                         Bank of New York                  43,000,000         23.31%
                                  925 Patterson Plank Road
                                  Secaucas, NJ  07094

Class A-4                         Bank of New York/CDC-FP           43,000,000         23.31%
                                  One Wall Street
                                  New York, NY  10286

Class A-4                         HSBC Bank USA Replubic Investment 20,000,000         10.84%
                                     Account
                                  One Hanson Place, Lower Level
                                  Brooklyn, NY  11243

Class A-4                         State Street Bank and Trust       20,000,000         10.84%
                                     Company
                                  1776 Heritage Drive
                                  Global Corporate Action Unit
                                  North Quincy, MA  02171

</TABLE>

**Source: The Depository Trust Company.
<PAGE>

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         There were no  transactions of the type described in S-K item 404(a)(3)
between the Trust and any 5% beneficial owner of the Class A Notes.

<PAGE>

                                     PART IV
                                     -------

ITEM 14. EXHIBITS, FINANCIAL STATEMENTS SCHEDULES AND REPORTS ON FORM 10-K

         (1)      Annual Officer's Certificate
         (2)      Annual Accountants' Report*
         (3)      Summary of Monthly Reports
         (4)      Statutory Financial Statements - American International Group

--------------------
* The  Accountants'  Report relates to compliance  with the  requirements of the
Servicing  Agreement.  It is not being filed  because the  distribution  of such
Report is restricted to the parties to the Servicing Agreement. Per Statement on
Auditing Standards AU 623.20 the restriction arises because the matters on which
the accountant is reporting are set forth in a document that is not available to
other  persons.  A copy of the Report  will be provided  to the  Securities  and
Exchange  Commission  upon request,  at which time the  Registrant  will request
confidential  treatment of the Report. The limited  distribution of this type of
Report was discussed at a SEC Regulations Committee meeting on March 7, 1995.
<PAGE>
                                   SIGNATURES

Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities  and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

          World Omni 1999-A Automobile Lease Securitization Trust
          -------------------------------------------------------
                                  (Registrant)

                                      BY:  World Omni Financial Corp.,
                                                  as Servicer


Date:     March 31, 2000             BY:  /s/Alan J. Browdy
          -----------------             -----------------------------------
                                        Alan J. Browdy
                                        Vice President Accounting
                                        Corporate Controller
                                        World Omni Financial Corp.

                                        (Duly Authorized Officer of the Servicer
                                        on behalf of the Trust)

<PAGE>




                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
<S>                                                                  <C>
                  Exhibit                                            Page No.

(1)      Annual Officer's Certificate                                   1

(2)      Annual Accountants' Report (not being filed)

(3)      Summary of Monthly Reports                                     2

(4)      Index to Stautory Financial Statements - American              10
         International Speciality Lines Insurance Company


</TABLE>