<PAGE>

                                                                   EXHIBIT 10.3



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                            ADMINISTRATION AGREEMENT

                                      among

                    HARLEY-DAVIDSON MOTORCYCLE TRUST 2000-3,

                                   as Issuer,

                          HARLEY-DAVIDSON CREDIT CORP.,

                                as Administrator

                     HARLEY-DAVIDSON CUSTOMER FUNDING CORP.,

                               as Trust Depositor,

                                       and

                         BANK ONE, NATIONAL ASSOCIATION,

                              as Indenture Trustee



                          Dated as of November 1, 2000


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<PAGE>


                                TABLE OF CONTENTS


<TABLE>
<S>            <C>                                                                                              <C>
SECTION 1.     DUTIES OF THE ADMINISTRATOR........................................................................2

SECTION 2.     RECORDS............................................................................................8

SECTION 3.     COMPENSATION.......................................................................................8

SECTION 4.     ADDITIONAL INFORMATION TO BE FURNISHED TO THE ISSUER...............................................8

SECTION 5.     INDEPENDENCE OF THE ADMINISTRATOR..................................................................9

SECTION 6.     NO JOINT VENTURE...................................................................................9

SECTION 7.     OTHER ACTIVITIES OF ADMINISTRATOR..................................................................9

SECTION 8.     TERM OF AGREEMENT; RESIGNATION AND REMOVAL OF ADMINISTRATOR........................................9

SECTION 9.     ACTION UPON TERMINATION, RESIGNATION OR REMOVAL...................................................11

SECTION 10.    NOTICES...........................................................................................11

SECTION 11.    AMENDMENTS........................................................................................11

SECTION 12.    SUCCESSORS AND ASSIGNS............................................................................12

SECTION 13.    GOVERNING LAW.....................................................................................12

SECTION 14.    HEADINGS..........................................................................................12

SECTION 15.    COUNTERPARTS......................................................................................13

SECTION 16.    SEVERABILITY......................................................................................13

SECTION 17.    NOT APPLICABLE TO EAGLEMARK IN OTHER CAPACITIES...................................................13

SECTION 18.    LIMITATION OF LIABILITY OF OWNER TRUSTEE AND
                 INDENTURE RUSTEE................................................................................13

SECTION 19.    THIRD-PARTY BENEFICIARY...........................................................................13

SECTION 20.    SURVIVABILITY.....................................................................................13
</TABLE>

<PAGE>


        This Administration Agreement, dated as of November 1, 2000, among
Harley-Davidson Motorcycle Trust 2000-3 (the "ISSUER"), Harley-Davidson Credit
Corp. (together with its successors and assigns "HARLEY-DAVIDSON CREDIT") in its
capacity as administrator, the "ADMINISTRATOR"), Harley-Davidson Customer
Funding Corp. (the "TRUST DEPOSITOR") and Bank One, National Association, not in
its individual capacity but solely as Indenture Trustee (together with its
successors and assigns, the "INDENTURE TRUSTEE").

                              W I T N E S S E T H:

         WHEREAS, the Issuer is issuing ____% Harley-Davidson Motorcycle
Contract, Class A-1 Notes, ____% Harley-Davidson Motorcycle Contract, Class A-2
Notes and ____% Harley-Davidson Motorcycle Contract, Class B Notes
(collectively, the "NOTES") pursuant to the Indenture, dated as of the date
hereof (the "INDENTURE"), between the Issuer and the Indenture Trustee
(capitalized terms used herein that are not otherwise defined shall have the
meanings ascribed thereto in the Indenture);

         WHEREAS, the Issuer has entered into certain agreements in connection
with the issuance of the Notes including (i) a Sale and Servicing Agreement,
dated as of the date hereof (the "SALE AND SERVICING AGREEMENT"), among the
Issuer, Bank One, National Association, not in its individual capacity but as
Indenture Trustee, the Trust Depositor and Harley-Davidson Credit, as servicer
(in such capacity, the "SERVICER"), and (ii) the Indenture (collectively
referred to hereinafter as the "TRANSACTION DOCUMENTS");

         WHEREAS, pursuant to the Transaction Documents, the Issuer and the
Owner Trustee are required to perform certain duties in connection with (i) the
Notes and the collateral therefor pledged pursuant to the Indenture (the
"COLLATERAL") and (ii) the beneficial ownership interest in the Issuer (the
registered holder of such interest being referred to herein as the "OWNER");

         WHEREAS, the Issuer and the Owner Trustee desire to have the
Administrator perform certain of the duties of the Issuer and the Owner Trustee
referred to in the preceding clause and to provide such additional services
consistent with the terms of this Agreement and the Transaction Documents as the
Issuer and the Owner Trustee may from time to time request; and

         WHEREAS, the Administrator has the capacity to provide the services
required hereby and is willing to perform such services for the Issuer and the
Owner Trustee on the terms set forth herein;

         NOW, THEREAFTER, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto agree as follows:

         SECTION 1 DUTIES OF THE ADMINISTRATOR.


                                     -2-
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         (a)   Duties with respect to the Indenture.

               (i)  The Administrator agrees to perform all its duties as
         Administrator and the duties of the Issuer and the Owner Trustee under
         the Transaction Documents. In addition, the Administrator shall consult
         with the Owner Trustee regarding the duties of the Issuer or the Owner
         Trustee under the Indenture. The Administrator shall monitor the
         performance of the Issuer and shall advise the Owner Trustee when
         action is necessary to comply with the respective duties of the Issuer
         and the Owner Trustee under the Indenture. The Administrator shall
         prepare for execution by the Issuer or shall cause the preparation by
         other appropriate persons of, all such documents, reports, filings,
         instruments, certificates and opinions that it shall be the duty of the
         Issuer or the Owner Trustee to prepare, file or deliver pursuant to the
         Indenture. In furtherance of the foregoing, the Administrator shall
         take all appropriate action that the Issuer or the Owner Trustee is
         required to take pursuant to the Indenture including, without
         limitation, such of the foregoing as are required with respect to the
         following matters under the Indenture (references are to Sections of
         the Indenture):

               (A)  the duty to cause the Note Register to be kept and to give
         the Indenture Trustee notice of any appointment of a new Note Registrar
         and the location, or change in location, of the Note Register (Section
         2.04);

               (B)   the notification of Noteholders of the final principal
         payment on their Notes (Section 2.07(b));

               (C)   the fixing or causing to be fixed of any special record
         date and the notification of the Indenture Trustee and Noteholders with
         respect to special payment dates, if any (Section 2.07(c));

               (D)   the preparation of or obtaining of the documents and
         instruments required for execution and authentication of the Notes and
         delivery of the same to the Indenture Trustee (Section 2.02);

               (E)   the preparation, obtaining or filing of the instruments,
         opinions and certificates and other documents required for the release
         of Collateral (Section 2.12);

               (F)   the maintenance of an office in the City of Chicago,
         Illinois, for registration of transfer or exchange of Notes (Section
         3.02);

               (G)   the duty to cause newly appointed Paying Agents, if any,
         to deliver to the Indenture Trustee the instrument specified in the
         Indenture regarding funds held in trust (Section 3.03);

               (H)   the direction to the Indenture Trustee to deposit monies
         with Paying Agents, if any, other than the Indenture Trustee (Section
         3.03);


                                     -3-
<PAGE>


               (I)   the obtaining and preservation of the Issuer's
         qualification to do business in each jurisdiction in which such
         qualification is or shall be necessary to protect the validity and
         enforceability of the Indenture, the Notes, the collateral and each
         other instrument and agreement included in the Collateral (Section
         3.04);

               (J)   the preparation of all supplements and amendments to the
         Indenture and all financing statements, continuation statements,
         instruments of further assurance and other instruments and the taking
         of such other action as is necessary or advisable to protect the
         Collateral other than as prepared by the Servicer (Section 3.05);

               (K)   the delivery of the Opinion of Counsel on the Closing Date
         and certain other statements as to compliance with the Indenture
         (Sections 3.06 and 3.09);

               (L)   the identification to the Indenture Trustee in an
         Officer's Certificate of a Person with whom the Issuer has contracted
         to perform its duties under the Indenture (Section 3.07(b));

               (M)   the notification of the Indenture Trustee and each Rating
         Agency of an Event of Termination under the Sale and Servicing
         Agreement;

               (N)   the duty to cause the Servicer to comply with Sections
         4.09, 4.10, 4.11 and 5.07 and Article Five and Article Nine of the Sale
         and Servicing Agreement (Section 3.14);

               (O)   the preparation and obtaining of documents and instruments
         required for the release of the Issuer from its obligations under the
         Indenture (Section 3.10(b) and Section 3.11(b));

               (P)   the delivery of written notice to the Indenture Trustee
         and each Rating Agency of each Event of Default under the Indenture and
         each Event of Termination by the Servicer under the Sale and Servicing
         Agreement (Section 3.18);

               (Q)   the monitoring of the Issuer's obligations as to the
         satisfaction and discharge of the Indenture and the preparation of an
         Officer's Certificate and the obtaining of the Opinion of Counsel and
         the Independent Certificate relating thereto (Section 4.01);

               (R)   the compliance with any written directive of the Indenture
         Trustee with respect to the sale of the Collateral in a commercially
         reasonable manner if an Event of Default shall have occurred and be
         continuing (Section 5.04);

               (S)   the preparation and delivery of notice to Noteholders of
         the removal of the Indenture Trustee and the appointment of a successor
         Indenture Trustee (Section 6.08);


                                     -4-
<PAGE>


               (T)   the preparation of any written instruments required to
         confirm more fully the authority of any co-trustee or separate trustee
         and any written instruments necessary in connection with the
         resignation or removal of the Indenture Trustee or any co-trustee or
         separate trustee (Sections 6.08 and 6.10);

               (U)   the furnishing of the Indenture Trustee with the names and
         addresses of Noteholders during any period when the Indenture Trustee
         is not the Note Registrar (Section 7.01);

               (V)   the opening of one or more accounts in the Indenture
         Trustee's name, the preparation and delivery of Issuer Orders,
         Officer's Certificates and Opinions of Counsel and all other actions
         necessary with respect to investment and reinvestment of funds in the
         Trust Accounts (Sections 8.02 and 8.03);

               (W)   the preparation of an Issuer Request and Officer's
         Certificate and the obtaining of an Opinion of Counsel and Independent
         Certificates, if necessary, for the release of the Collateral (Sections
         8.04 and 8.05);

               (X)   the preparation of Issuer Orders and the obtaining of
         Opinions of Counsel with respect to the execution of supplemental
         indentures and the mailing to the Noteholders of notices with respect
         to such supplemental indentures (Sections 9.01, 9.02 and 9.03);

               (Y)   the execution and delivery of new Notes conforming to any
         supplemental indenture (Section 9.06);

               (Z)   the duty to notify Noteholders of redemption of the Notes
         or to cause the Indenture Trustee to provide such notification (Section
         10.02);

               (AA)  the preparation and delivery of all Officer's
         Certificates, Opinions of Counsel and Independent Certificates with
         respect to any requests by the Issuer to the Indenture Trustee to take
         any action under the Indenture (Section 11.01(a));

               (BB)  the preparation and delivery of Officer's Certificates
         and the obtaining of Independent Certificates, if necessary, for the
         release of property from the lien of the Indenture (Section 11.01(b));

               (CC)  the notification of the Rating Agencies, upon the failure
         of the Issuer, the Owner Trustee or the Indenture Trustee to provide
         notification;

               (DD)  the preparation and delivery to Noteholders and the
         Indenture Trustee of any agreements with respect to alternate payment
         and notice provisions (Section 11.06);

               (EE)  the recording of the Indenture, if applicable (Section
         11.14); and


                                     -5-
<PAGE>


               (FF)  the appointment of a successor Indenture Trustee.

               (ii)  The Administrator will:

               (A)   except as otherwise expressly provided in the Indenture,
         pay the Indenture Trustee's fees and reimburse the Indenture Trustee
         upon its request for all reasonable expenses, disbursements and
         advances incurred or made by the Indenture Trustee in accordance with
         any provision of the Indenture (including the reasonable compensation,
         expenses and disbursements of its agents and counsel), except any such
         expense, disbursement or advance as may be attributable to its
         negligence or bad faith;

               (B)   indemnify the Indenture Trustee and its agents for, and
         hold them harmless against, any loss, liability or expense incurred
         without negligence or bad faith on their part, arising out of or in
         connection with the acceptance or administration of the transactions
         contemplated by the Indenture, including the reasonable costs and
         expenses of defending themselves against any claim or liability in
         connection with the exercise or performance of any of their powers or
         duties under the Indenture; and

               (C)   indemnify the Owner Trustee and its agents for, and hold
         them harmless against, any loss, liability or expense incurred without
         negligence or bad faith on their part, arising out of or in connection
         with the acceptance or administration of the transactions contemplated
         by the Trust Agreement, including the reasonable costs and expenses of
         defending themselves against any claim or liability in connection with
         the exercise or performance of any of their powers or duties under the
         Trust Agreement.

         (b)   ADDITIONAL DUTIES.

               (i)   In addition to the duties set forth in Section 1(a)(i),
         the Administrator shall perform such calculations and shall prepare or
         shall cause the preparation by other appropriate persons of, and shall
         execute on behalf of the Issuer or the Owner Trustee, all such
         documents, reports, filings, instruments, certificates and opinions
         that the Issuer or the Owner Trustee are required to prepare, file or
         deliver pursuant to the Transaction Documents or under Section 5.05 of
         the Trust Agreement, and at the request of the Owner Trustee shall take
         all appropriate action that the Issuer or the Owner Trustee are
         required to take pursuant to the Transaction Documents. In furtherance
         thereof, the Owner Trustee shall, on behalf of the Issuer, execute and
         deliver to the Administrator and to each successor Administrator
         appointed pursuant to the terms hereof, one or more powers of attorney
         substantially in the form of EXHIBIT A hereto, appointing the
         Administrator the attorney-in-fact of the Issuer for the purpose of
         executing on behalf of the Owner Trustee and the Issuer all such
         documents, reports, filings, instruments, certificates and opinions.
         Subject to Section 5, and in accordance with the directions of the
         Issuer, the Administrator shall administer, perform or supervise the
         performance of


                                     -6-
<PAGE>


         such other activities in connection with the Collateral (including the
         Transaction Documents) as are not covered by any of the foregoing
         provisions and as are expressly requested by the Issuer and are
         reasonably within the capability of the Administrator.

               (ii)  Notwithstanding anything in this Agreement or the
         Transaction Documents to the contrary, the Administrator shall be
         responsible for promptly notifying the Owner Trustee in the event that
         any withholding tax is imposed on the Trust's payments (or allocations
         of income) to the Owner as contemplated in Section 5.01(c) of the Trust
         Agreement. Any such notice shall specify the amount of any withholding
         tax required to be withheld by the Owner Trustee pursuant to such
         provision.

               (iii) Notwithstanding anything in this Agreement or the
         Transaction Documents to the contrary, the Administrator shall be
         responsible for performance of the duties of the Owner Trustee set
         forth in Section 5.05(a), (b), (c) and (d), the penultimate sentence of
         Section 5.05 and Section 5.06(a) of the Trust Agreement with respect
         to, among other things, accounting and reports to the Owner; PROVIDED,
         HOWEVER, that the Owner Trustee shall retain responsibility for the
         distribution of information forms necessary to enable the Owner to
         prepare its federal and state income tax returns.

               (iv)  The Administrator shall satisfy its obligations with
         respect to clauses (ii) and (iii) above by retaining, at the expense of
         the Trust payable by the Administrator, a firm of independent public
         accountants (the "ACCOUNTANTS") acceptable to the Owner Trustee, which
         shall perform the obligations of the Administrator thereunder.

               (v)   The Administrator shall perform the duties of the
         Administrator specified in Section 10.02 of the Trust Agreement
         required to be performed in connection with the resignation or removal
         of the Owner Trustee, and any other duties expressly required to be
         performed by the Administrator under the Trust Agreement.

               (vi)  In carrying out the foregoing duties or any of its other
         obligations under this Agreement, the Administrator may enter into
         transactions or otherwise deal with any of its Affiliates; PROVIDED,
         HOWEVER, that the terms of any such transactions or dealings shall be
         in accordance with any directions received from the Issuer and shall
         be, in the Administrator's opinion, no less favorable to the Issuer
         than would be available from unaffiliated parties.

         (c)   NON-MINISTERIAL MATTERS.

               (i)   With respect to matters that in the reasonable judgment of
         the Administrator are non-ministerial, the Administrator shall not take
         any action unless within a reasonable time before the taking of such
         action, the Administrator shall have notified the Owner Trustee of the
         proposed action and the Owner Trustee shall not have


                                     -7-
<PAGE>


         withheld consent or provided an alternative direction. For the purpose
         of the preceding sentence, "NON-MINISTERIAL MATTERS" shall include,
         without limitation:

               (A)   the amendment of or any supplement to the Indenture;

               (B)   the initiation of any claim or lawsuit by the Issuer and
         the compromise of any action, claim or lawsuit brought by or against
         the Issuer (other than in connection with the collection of the
         Contracts);

               (C)   the amendment, change or modification of any other
         Transaction Documents;

               (D)   the appointment of successor Note Registrars, successor
         Paying Agents and successor Indenture Trustees pursuant to the
         Indenture or the appointment of successor Administrators or a successor
         Servicer, or the consent to the assignment by the Note Registrar,
         Paying Agent or Indenture Trustee of its obligations under the
         Indenture; and

               (E)   the removal of the Indenture Trustee.

               (ii)  Notwithstanding anything to the contrary in this Agreement,
         the Administrator shall not be obligated to, and shall not, (A) make
         any payments to the Noteholders under the Transaction Documents, (B)
         sell the Collateral pursuant to clause (iv) of Section 5.04 of the
         Indenture, (C) take any other action that the Issuer directs the
         Administrator not to take on its behalf or (D) take any other action
         which may be construed as having the effect of varying the investment
         of the Holders.

         SECTION 2.  RECORDS. The Administrator shall maintain appropriate books
of account and records relating to services performed hereunder, which books of
account and records shall be accessible for inspection by the Issuer and the
Owner Trustee at any time during normal business hours.

         SECTION 3.  COMPENSATION. As compensation for the performance of the
Administrator's obligations under this Agreement and as reimbursement for its
expenses related thereto, the Administrator shall be entitled to a monthly fee
which shall be solely an obligation of the Trust Depositor and shall be in an
amount as shall be agreeable to the Trust Depositor and the Administrator.

         SECTION 4.  ADDITIONAL INFORMATION TO BE FURNISHED TO THE ISSUER. The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request.

         SECTION 5.  INDEPENDENCE OF THE ADMINISTRATOR. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not be
subject to the supervision


                                     -8-
<PAGE>


of the Issuer or the Owner Trustee with respect to the manner in which it
accomplishes the performance of its obligations hereunder. Unless expressly
authorized by the Issuer, the Administrator shall have no authority to act
for or represent the Issuer or the Owner Trustee in any way and shall not
otherwise be deemed an agent of the Issuer or the Owner Trustee.

         SECTION 6.  NO JOINT VENTURE. Nothing contained in this Agreement (i)
shall constitute the Administrator and either of the Issuer or the Owner Trustee
as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) shall be construed to
impose any liability as such on any of them or (iii) shall be deemed to confer
on any of them any express, implied or apparent authority to incur any
obligation or liability on behalf of the others.

         SECTION 7.  OTHER ACTIVITIES OF ADMINISTRATOR. Nothing herein shall
prevent the Administrator or its Affiliates from engaging in other business or,
in its sole discretion, from acting in a similar capacity as an administrator
for any other Person or entity even though such person or entity may engage in
business activities similar to those of the Issuer, the Owner Trustee or the
Indenture Trustee.

         SECTION 8.  TERM OF AGREEMENT; RESIGNATION AND REMOVAL OF
ADMINISTRATOR. This Agreement shall continue in force until the termination
of the Issuer, upon which event this Agreement shall automatically terminate.

         (a)   Subject to Section 8(d) and Section 8(e), the Administrator may
resign its duties hereunder by providing the Issuer with at least 60 days' prior
written notice.

         (b)   Subject to Section 8(d) and Section 8(e), the Issuer may
remove the Administrator without cause by providing the Administrator with at
least 60 days' prior written notice.

         (c)   Subject to Section 8(d) and Section 8(e), at the sole option
of the Issuer, the Administrator may be removed immediately upon written
notice of termination from the Issuer to the Administrator if any of the
following events shall occur:

         (i)   the Administrator shall default in the performance of any of its
duties under this Agreement and, after notice of such default, shall not cure
such default within ten days (or, if such default cannot be cured in such time,
shall not give within ten days such assurance of cure as shall be reasonably
satisfactory to the Issuer);

         (ii)  a court having jurisdiction in the premises shall enter a decree
or order for relief, and such decree or order shall not have been vacated within
60 days, in respect of the Administrator in any involuntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in
effect or appoint a receiver, liquidator, assignee, custodian, trustee,
sequestrator or similar official for the Administrator or any substantial part
of its property or order the winding-up or liquidation of its affairs; or


                                     -9-

<PAGE>

         (iii) the Administrator shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, shall consent to the entry of an order for relief in an involuntary
case under any such law, or shall consent to the appointment of a receiver,
liquidator, assignee, trustee, custodian, sequestrator or similar official
for the Administrator or any substantial part of its property, shall consent
to the taking of possession by any such official of any substantial part of
its property, shall make any general assignment for the benefit of creditors
or shall fail generally to pay its debts as they become due.

         The Administrator agrees that if any of the events specified in
clauses (ii) or (iii) above shall occur, it shall give written notice thereof
to the Issuer and the Indenture Trustee within seven days after the
occurrence of such event.

         (d) No resignation or removal of the Administrator pursuant to this
Section shall be effective until (i) a successor Administrator shall have
been appointed by the Issuer and (ii) such successor Administrator shall have
agreed in writing to be bound by the terms of this Agreement in the same
manner as the Administrator is bound hereunder.

         (e) The appointment of any successor Administrator shall be
effective only after the satisfaction of the Rating Agency Condition with
respect to the proposed appointment.

         (f) Subject to Section 8(d) and 8(e), the Administrator acknowledges
that upon the appointment of a Successor Servicer pursuant to the Sale and
Servicing Agreement, the Administrator shall immediately resign and such
Successor Servicer shall automatically become the Administrator under this
Agreement.

         SECTION 9. ACTION UPON TERMINATION, RESIGNATION OR REMOVAL. Promptly
upon the effective date of termination of this Agreement pursuant to Section
8 or the resignation or removal of the Administrator pursuant to Section
8(a), (b) or (c) respectively, the Administrator shall be entitled to be paid
all fees and reimbursable expenses accruing to it to the date of such
termination, resignation or removal. The Administrator shall forthwith upon
such termination pursuant to Section 8 deliver to the Issuer all property and
documents of or relating to the Collateral then in the custody of the
Administrator. In the event of the resignation or removal of the
Administrator pursuant to Section (a), (b) or (c), respectively, the
Administrator shall cooperate with the Issuer and take all reasonable steps
requested to assist the Issuer in making an orderly transfer of the duties of
the Administrator.

         SECTION 10. NOTICES. All notices, demands, certificates, requests
and communications hereunder ("notices") shall be in writing and shall be
effective (a) upon receipt when sent through the U.S. mails, registered or
certified mail, return receipt requested, postage prepaid, with such receipt
to be effective the date of delivery indicated on the return receipt, or (b)
one Business Day after delivery to an overnight courier, or (c) on the date
personally delivered to an Authorized Officer of the party to which sent, or
(d) on the date transmitted by

                                      -10-

<PAGE>

legible telecopier transmission with a confirmation of receipt, in all cases
addressed to the recipient at the address for such recipient set forth in the
Sale and Servicing Agreement.

         Each party hereto may, by notice given in accordance herewith to
each of the other parties hereto, designate any further or different address
to which subsequent notices shall be sent.

         SECTION 11. AMENDMENTS. This Agreement may be amended from time to
time by a written amendment duly executed and delivered by the parties
hereto, with the written consent of the Owner Trustee but without the consent
of the Noteholders, for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of the Noteholders; provided that such
amendment will not, in the Opinion of Counsel satisfactory to the Indenture
Trustee, materially and adversely affect the interest of any Noteholder. This
Agreement may also be amended by the parties hereto with the written consent
of the Owner Trustee and the Required Holders for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of Noteholders;
PROVIDED, HOWEVER, that no such amendment may (i) increase or reduce in any
manner the amount of, or accelerate or delay the timing of, collections of
payments on the Contracts or distributions that are required to be made for
the benefit of the Noteholders or (ii) reduce the aforesaid percentage of the
holders of Notes which are required to consent to any such amendment, without
the consent of the holders of all outstanding Notes. Notwithstanding the
foregoing, the Administrator may not amend this Agreement without the
permission of the Trust Depositor, which permission shall not be unreasonably
withheld.

         SeCTION 12. SUCCESSORS AND ASSIGNS. This Agreement may not be
assigned by the Administrator unless such assignment is previously consented
to in writing by the Issuer, the Indenture Trustee and the Owner Trustee and
subject to the satisfaction of the Rating Agency Condition in respect
thereof. An assignment with such consent and satisfaction, if accepted by the
assignee, shall bind the assignee hereunder in the same manner as the
Administrator is bound hereunder. Notwithstanding the foregoing, this
Agreement may be assigned by the Administrator without the consent of the
Issuer or the Owner Trustee to a corporation or other organization that is a
successor (by merger, consolidation or purchase of assets) to the
Administrator; provided that such successor organization executes and
delivers to the Issuer, the Owner Trustee and the Indenture Trustee an
agreement, in form and substance reasonably satisfactory to the Owner Trustee
and the Indenture Trustee, in which such corporation or other organization
agrees to be bound hereunder by the terms of said assignment in the same
manner as the Administrator is bound hereunder. Subject to the foregoing,
this Agreement shall bind any successors or assigns of the parties hereto.

         SECTION 13. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS,

                                      -11-

<PAGE>

RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

         SECTION 14. HEADINGS. The section and subsection headings hereof
have been inserted for convenience of reference only and shall not be
construed to affect the meaning, construction or effect of this Agreement.

         SECTION 15. COUNTERPARTS. This Agreement may be executed in several
counterparts, each of which shall be an original and all of which shall
constitute but one and the same agreement.

         SECTION 16. SEVERABILITY. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in
any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

         SECTION 17. NOT APPLICABLE TO HARLEY-DAVIDSON CREDIT IN OTHER
CAPACITIES. Nothing in this Agreement shall affect any obligation
Harley-Davidson Credit may have in any other capacity.

         SECTION 18. LIMITATION OF LIABILITY OF OWNER TRUSTEE AND INDENTURE
TRUSTEE.

         (a) Notwithstanding anything contained herein to the contrary, this
instrument has been countersigned by Wilmington Trust Company not in its
individual capacity but solely in its capacity as Owner Trustee of the Issuer
and in no event shall Wilmington Trust Company in its individual capacity or
any beneficial owner of the Issuer have any liability for the
representations, warranties, covenants, agreements or other obligations of
the Issuer hereunder, as to all of which recourse shall be had solely to the
assets of the Issuer. For all purposes of this Agreement, in the performance
of any duties or obligations of the Issuer hereunder, the Owner Trustee shall
be subject to, and entitled to the benefits of, the terms and provisions of
Articles Six, Seven and Eight of the Trust Agreement.

         (b) Notwithstanding anything contained herein to the contrary, this
 Agreement has been countersigned by Bank One, National Association not in
its   individual capacity but solely as Indenture Trustee and in no event
shall Bank   One, National Association have any liability for the
representations,   warranties, covenants, agreements or other obligations of
the Issuer hereunder   or in any of the certificates, notices or agreements
delivered pursuant   hereto, as to all of which recourse shall be had solely
to the assets of the   Issuer.

         SECTION 19. THIRD-PARTY BENEFICIARY. The Owner Trustee is a
third-party beneficiary to this Agreement and is entitled to the rights and
benefits hereunder and may enforce the provisions hereof as if it were a
party hereto.

                                      -12-

<PAGE>

         SECTION 20. SURVIVABILITY. The obligations of the Administrator
described in Section 1(a)(ii) hereof shall survive termination of this
Agreement.

                            [signature page follows]




















                                      -13-

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed and delivered as of the day and year first above written.

                          HARLEY-DAVIDSON MOTORCYCLE TRUST
                          2000-3

                          By: Wilmington Trust Company, not in its
                              individual capacity but solely as Owner
                              Trustee

                          By: /s/ Patricia A. Evans
                              ----------------------------------------
                                  Printed Name: Patricia A. Evans
                                  Title: Senior Financial Services Officer

                          HARLEY-DAVIDSON CUSTOMER FUNDING
                          CORP., as Trust Depositor

                          By: /s/ Perry A. Glassgow
                              ----------------------------------------
                                  Printed Name: Perry A. Glassgow
                                  Title: Treasurer

                          BANK ONE, NATIONAL ASSOCIATION, not in
                          its individual capacity but solely as Indenture
                          Trustee

                          By: /s/ Keith R. Richardson
                              ----------------------------------------
                                  Printed Name: Keith R. Richardson
                                  Title: Vice President

                          HARLEY-DAVIDSON CREDIT CORP.,
                          as Administrator

                          By: /s/ Perry A. Glassgow
                              ----------------------------------------
                                  Printed Name: Perry A. Glassgow
                                  Title: Treasurer






                   Signature Page to Administration Agreement

<PAGE>

                                    EXHIBIT A

                            LIMITED POWER OF ATTORNEY



State of Illinois      )

                       )        SS.

County of Cook         )


         KNOW ALL PERSONS BY THESE PRESENTS, that Wilmington Trust Company, a
Delaware banking corporation (the "OWNER TRUSTEE"), whose principal executive
office is located at Wilmington Trust Company, Rodney Square North, 1100
North Market Street, Wilmington, Delaware Attention: Trust Administration, by
and through its duly elected and authorized officer, ________________________,
a ___________________, on behalf of itself and of Harley-Davidson Motorcycle
Trust 2000-3 (the "TRUST") as Issuer under the Administration Agreement, dated
as of November 1, 2000 (the "ADMINISTRATION AGREEMENT"), among the Trust,
Harley-Davidson Customer Funding Corp., Bank One, National Association, as
Indenture Trustee, and Harley-Davidson Credit Corp., as Administrator, does
hereby nominate, constitute and appoint Harley-Davidson Credit Corp., a Nevada
corporation, each of its officers from time to time and each of its employees
authorized by it from time to time to act hereunder, jointly and each of them
severally, together or acting alone, its true and lawful attorney-in-fact, for
the Owner Trustee and the Issuer in their name, place and stead, in the sole
discretion of such attorney-in-fact, to perform such calculations and prepare or
cause the preparation by other appropriate persons of, and to execute on behalf
of the Issuer or the Owner Trustee, all such documents, reports, filings,
instruments, certificates and opinions that the Issuer or the Owner Trustee is
required to prepare, file or deliver pursuant to the Administration Agreement,
and to take any and all other action, as such attorney-in-fact may deem
necessary or desirable in accordance with the directions of the Owner Trustee
and in connection with its duties as Administrator or successor Administrator
under the Administration Agreement. Capitalized terms used herein that are not
otherwise defined shall have the meanings ascribed thereto in the Administration
Agreement.

         The Owner Trustee hereby ratifies and confirms the execution,
delivery and performance (whether before or after the date hereof) of the
above-mentioned documents, reports, filings, instruments, certificates and
opinions, by the attorney-in-fact and all that the attorney-in-fact shall
lawfully do or cause to be done by virtue hereof.

         The Owner Trustee hereby agrees that no person or other entity
dealing with the attorney-in-fact shall be bound to inquire into such
attorney-in-fact's power and authority

                                      A-1
<PAGE>

hereunder and any such person or entity shall be fully protected in relying
on such power of authority.

         This Limited Power of Attorney may not be assigned without the prior
written consent of the Owner Trustee. It is effective immediately and will
continue until it is revoked.

         This Limited Power of Attorney shall be governed and construed in
accordance with the laws of the State of Illinois without reference to
principles of conflicts of law.

         Executed as of this _____ day of November, 2000.



                               Wilmington Trust Company, not in its individual

                               capacity but solely as Owner Trustee



                               By:
                                  -----------------------------------
                              Printed Name:
                                           --------------------------
                              Title:
                                    ---------------------------------






<PAGE>

                        CERTIFICATE OF ACKNOWLEDGMENT OF

                                  NOTARY PUBLIC



State of Delaware         )

                          )  SS.

County of New Castle      )



         On November ___, 2000 before me, ______________________________________
                                             [Insert name and title of notary]
         personally appeared ________________________.

/ /      personally known to me, or

/ /      proved to me on the basis of satisfactory evidence to be the person(s)
         whose name(s) is/are

subscribed to the within instrument and acknowledged to me that he/she/they
executed the same in his/her/their authorized capacity(ties), and that by
his/her/their signature(s) on the instrument the person(s), or the entity
upon behalf of which person(s) acted, executed the instrument.

                       WITNESS my hand and official seal.





       Signature:
                 -----------------------------
                             [SEAL]