EXHIBIT 33.2

REPORT ON ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVICINGCRITERIA PURSUANT TO ITEM 1122 OF REGULATION AB

|1. | CIT Communications Finance Corporation
    (CIT-CFC) is responsible for assessing compliance with the servicing
    criteria applicable to it under paragraph (d) of Item 1122 of Regulation
    AB, as of and for  the 12-month period ending December 31, 2006 (the Reporting
    Period), as set forth in Appendix A hereto. The transactions covered
    by this report include all publicly issued asset-backed securities transactions
    involving equipment loan and lease
    receivables that were originated by or acquired through CIT-CFC, which asset-backed securities
    transactions were issued on or after  January 1, 2006, for which CIT-CFC acted as subservicer  (the Platform);
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|2. | CIT-CFC has engaged certain vendors (the Vendors) to perform specific, limited or scripted activities, and CIT-CFC elects to take responsibility for assessing compliance with the servicing criteria
or portion of the servicing criteria applicable to such Vendors activities as set forth in Appendix A hereto;                                                                                                                                                                                                                                                                                                                                                                                         
|  
|3. | Except as set forth in paragraph 4 below, CIT-CFC used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess its compliance with the applicable servicing criteria;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|  
|4. | The criteria listed in the column titled Inapplicable Servicing Criteria on Appendix A hereto are inapplicable to CIT-CFC based on the activities it performs, directly or through its Vendors, with
respect to the Platform;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|5. | CIT-CFC has complied, in all material respects, with the applicable servicing criteria as of December 31, 2006 and for the Reporting Period with respect to the Platform taken as a whole;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|  
|6. | CIT-CFC has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December 31, 2006 and for the Reporting Period with respect to
the Platform taken as a whole;                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|7. | CIT-CFC has not identified any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria as of December 31, 2006 and for the Reporting
Period with respect to the Platform taken as a whole;and                                                                                                                                                                                                                                                                                                                                                                                                                                       
|  

---



EXHIBIT 33.2

|8. | PricewaterhouseCoopers LLP, a registered public accounting firm, has issued an attestation report on CIT-CFCs assessment of compliance with the applicable servicing criteria for the Reporting
Period.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  

March 30, 2007

| | CIT Communications Finance Corporation,
| | ---------------------------------------
| | as Sub-Servicer                        
| |                                        
| |                                        
| | By:                                    
| |                                        
| |                                        

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EXHIBIT 33.2

APPENDIX A

CIT Communications Finance Corporation (the Company)

|Servicing Criteria                 |  | Applicable Servicing Criteria   |  | Inapplicable Servicing Criteria
|---------------------------------- |  | ------------------------------- |  | -------------------------------
|Reference                          |  | Criteria                        |  | Performed                      
|                                   |  |                                 |  | Directly by                    
|                                   |  |                                 |  | the Company                    
|                                   |  |                                 |  |                                
|                                   |  |                                 |  |                                
|                                   |  |                                 |  |                                
|                                   |  |                                 |  |                                
|                                   |  |                                 |  |                                
|1122(d)(1)(i)                      |  | Policies and procedures are     |  |                                
|                                   |  | instituted to monitor any       |  |                                
|                                   |  | performance or other triggers   |  |                                
|                                   |  | and events of default in        |  |                                
|                                   |  | accordance with the             |  |                                
|                                   |  | transaction agreements.         |  |                                
|1122(d)(1)(ii)                     |  | If any material servicing       |  | X1                             
|                                   |  | activities are outsourced to    |  |                                
|                                   |  | third parties, policies and     |  |                                
|                                   |  | procedures are instituted to    |  |                                
|                                   |  | monitor the third partys       |  |                                
|                                   |  | performance and compliance      |  |                                
|                                   |  | with such servicing activities. |  |                                
|1122(d)(1)(iii)                    |  | Any requirements in the         |  |                                
|                                   |  | transaction agreements to       |  |                                
|                                   |  | maintain a back-up servicer     |  |                                
|                                   |  | for the pool assets are         |  |                                
|                                   |  | maintained.                     |  |                                
|1122(d)(1)(iv)                     |  | A fidelity bond and errors and  |  |                                
|                                   |  | omissions policy is in effect   |  |                                
|                                   |  | on the party participating in   |  |                                
|                                   |  | the servicing function          |  |                                
|                                   |  | throughout the reporting        |  |                                
|                                   |  | period in the amount of         |  |                                
|                                   |  | coverage required by and        |  |                                
|                                   |  | otherwise in accordance with    |  |                                
|                                   |  | the terms of the transaction    |  |                                
|                                   |  | agreements.                     |  |                                
|Cash Collection and Administration |  |                                 |  |                                
|1122(d)(2)(i)                      |  | Payments on pool assets are     |  | X2                             
|                                   |  | deposited into the appropriate  |  |                                
|                                   |  | custodial bank accounts and     |  |                                
|                                   |  | related bank clearing accounts  |  |                                
|                                   |  | no more than two business       |  |                                
|                                   |  | days of receipt, or such other  |  |                                
|                                   |  | number of days specified in     |  |                                
|                                   |  | the transaction agreements.     |  |                                

---



EXHIBIT 33.2

|Servicing Criteria |  | Applicable Servicing Criteria   |  | Inapplicable Servicing Criteria
|------------------ |  | ------------------------------- |  | -------------------------------
|Reference          |  | Criteria                        |  | Performed                      
|                   |  |                                 |  | Directly by                    
|                   |  |                                 |  | the Company                    
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|1122(d)(2)(ii)     |  | Disbursements made via wire     |  | X3                             
|                   |  | transfer on behalf of an        |  |                                
|                   |  | obligor or to an investor are   |  |                                
|                   |  | made only by authorized         |  |                                
|                   |  | personnel.                      |  |                                
|1122(d)(2)(iii)    |  | Advances of funds or            |  | X4                             
|                   |  | guarantees regarding            |  |                                
|                   |  | collections, cash flows or      |  |                                
|                   |  | distributions, and any interest |  |                                
|                   |  | or other fees charged for such  |  |                                
|                   |  | advances, are made, reviewed    |  |                                
|                   |  | and approved as specified in    |  |                                
|                   |  | the transaction agreements.     |  |                                
|1122(d)(2)(iv)     |  | The related accounts for the    |  |                                
|                   |  | transaction, such as cash       |  |                                
|                   |  | reserve accounts or accounts    |  |                                
|                   |  | established as a form of over   |  |                                
|                   |  | collateralization, are          |  |                                
|                   |  | separately maintained (e.g.,    |  |                                
|                   |  | with respect to commingling     |  |                                
|                   |  | of cash) as set forth in the    |  |                                
|                   |  | transaction agreements.         |  |                                
|1122(d)(2)(v)      |  | Each custodial account is       |  | X                              
|                   |  | maintained at a federally       |  |                                
|                   |  | insured depository institution  |  |                                
|                   |  | as set forth in the transaction |  |                                
|                   |  | agreements. For purposes of     |  |                                
|                   |  | this criterion, federally      |  |                                
|                   |  | insured depository institution |  |                                
|                   |  | with respect to a foreign       |  |                                
|                   |  | financial institution means a   |  |                                
|                   |  | foreign financial institution   |  |                                
|                   |  | that meets the requirements of  |  |                                
|                   |  | § 240.13k-1(b)(1) under the     |  |                                
|                   |  | Securities Exchange Act of      |  |                                
|                   |  | 1934, as amended.               |  |                                
|1122(d)(2)(vi)     |  | Unissued checks are             |  |                                
|                   |  | safeguarded so as to prevent    |  |                                
|                   |  | unauthorized access.            |  |                                
|1122(d)(2)(vii)    |  | Reconciliations are prepared    |  | X                              
|                   |  | on a monthly basis for all      |  |                                
|                   |  | asset-backed securities related |  |                                
|                   |  | bank accounts, including        |  |                                
|                   |  | custodial accounts and related  |  |                                
|                   |  | bank clearing accounts. These   |  |                                
|                   |  | reconciliations:                |  |                                
|                   |  | (A) Are mathematically          |  |                                
|                   |  | accurate;                       |  |                                
|                   |  | (B) Are prepared within 30      |  |                                
|                   |  | calendar days after the bank    |  |                                
|                   |  | statement cutoff date, or such  |  |                                
|                   |  | other number of days specified  |  |                                
|                   |  | in the transaction agreements;  |  |                                
|                   |  | (C) Are reviewed and            |  |                                
|                   |  | approved by someone other       |  |                                
|                   |  | than the person who prepared    |  |                                
|                   |  | the reconciliation; and         |  |                                

---



EXHIBIT 33.2

|Servicing Criteria                 |  | Applicable Servicing Criteria     |  | Inapplicable Servicing Criteria
|---------------------------------- |  | --------------------------------- |  | -------------------------------
|Reference                          |  | Criteria                          |  | Performed                      
|                                   |  |                                   |  | Directly by                    
|                                   |  |                                   |  | the Company                    
|                                   |  |                                   |  |                                
|                                   |  |                                   |  |                                
|                                   |  |                                   |  |                                
|                                   |  |                                   |  |                                
|                                   |  |                                   |  |                                
|                                   |  | (D) Contain explanations for      |  |                                
|                                   |  | reconciling items. These          |  |                                
|                                   |  | reconciling items are resolved    |  |                                
|                                   |  | within 90 calendar days of        |  |                                
|                                   |  | their original identification, or |  |                                
|                                   |  | such other number of days         |  |                                
|                                   |  | specified in the transaction      |  |                                
|                                   |  | agreements.                       |  |                                
|Investor Remittances and Reporting |  |                                   |  |                                
|1122(d)(3)(i)                      |  | Reports to investors, including   |  |                                
|                                   |  | those to be filed with the        |  |                                
|                                   |  | Commission, are maintained        |  |                                
|                                   |  | in accordance with the            |  |                                
|                                   |  | transaction agreements and        |  |                                
|                                   |  | applicable Commission             |  |                                
|                                   |  | requirements. Specifically,       |  |                                
|                                   |  | such reports:                     |  |                                
|                                   |  | (A) Are prepared in               |  |                                
|                                   |  | accordance with timeframes        |  |                                
|                                   |  | and other terms set forth in the  |  |                                
|                                   |  | transaction agreements;           |  |                                
|                                   |  | (B) Provide information           |  |                                
|                                   |  | calculated in accordance with     |  |                                
|                                   |  | the terms specified in the        |  |                                
|                                   |  | transaction agreements;           |  |                                
|                                   |  | (C) Are filed with the            |  |                                
|                                   |  | Commission as required by its     |  |                                
|                                   |  | rules and regulations; and        |  |                                
|                                   |  | (D) Agree with investors or      |  |                                
|                                   |  | the trustees records as to the   |  |                                
|                                   |  | total unpaid principal balance    |  |                                
|                                   |  | and number of pool assets         |  |                                
|                                   |  | serviced by the servicer.         |  |                                
|1122(d)(3)(ii)                     |  | Amounts due to investors are      |  |                                
|                                   |  | allocated and remitted in         |  |                                
|                                   |  | accordance with timeframes,       |  |                                
|                                   |  | distribution priority and other   |  |                                
|                                   |  | terms set forth in the            |  |                                
|                                   |  | transaction agreements.           |  |                                
|1122(d)(3)(iii)                    |  | Disbursements made to an          |  | X 5                            
|                                   |  | investor are posted within two    |  |                                
|                                   |  | business days to the servicers   |  |                                
|                                   |  | investor records, or such other   |  |                                
|                                   |  | number of days specified in       |  |                                
|                                   |  | the transaction agreements.       |  |                                
|1122(d)(3)(iv)                     |  | Amounts remitted to investors     |  |                                
|                                   |  | per the investor reports agree    |  |                                
|                                   |  | with cancelled checks, or other   |  |                                
|                                   |  | form of payment, or custodial     |  |                                
|                                   |  | bank statements.                  |  |                                
|Pool Asset Administration          |  |                                   |  |                                
|1122(d)(4)(i)                      |  | Collateral or security on pool    |  | X6                             
|                                   |  | assets is maintained as           |  |                                
|                                   |  | required by the transaction       |  |                                

---



EXHIBIT 33.2

|Servicing Criteria |  | Applicable Servicing Criteria   |  | Inapplicable Servicing Criteria
|------------------ |  | ------------------------------- |  | -------------------------------
|Reference          |  | Criteria                        |  | Performed                      
|                   |  |                                 |  | Directly by                    
|                   |  |                                 |  | the Company                    
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  | agreements or related pool      |  |                                
|                   |  | asset documents.                |  |                                
|1122(d)(4)(ii)     |  | Pool assets and related         |  | X7                             
|                   |  | documents are safeguarded as    |  |                                
|                   |  | required by the transaction     |  |                                
|                   |  | agreements.                     |  |                                
|1122(d)(4)(iii)    |  | Any additions, removals or      |  | X8                             
|                   |  | substitutions to the asset pool |  |                                
|                   |  | are made, reviewed and          |  |                                
|                   |  | approved in accordance with     |  |                                
|                   |  | any conditions or requirements  |  |                                
|                   |  | in the transaction agreements.  |  |                                
|1122(d)(4)(iv)     |  | Payments on pool assets,        |  | X                              
|                   |  | including any payoffs, made in  |  |                                
|                   |  | accordance with the related     |  |                                
|                   |  | pool asset documents are        |  |                                
|                   |  | posted to the applicable        |  |                                
|                   |  | servicers obligor records      |  |                                
|                   |  | maintained no more than two     |  |                                
|                   |  | business days after receipt, or |  |                                
|                   |  | such other number of days       |  |                                
|                   |  | specified in the transaction    |  |                                
|                   |  | agreements, and allocated to    |  |                                
|                   |  | principal, interest or other    |  |                                
|                   |  | items (e.g., escrow) in         |  |                                
|                   |  | accordance with the related     |  |                                
|                   |  | pool asset documents.           |  |                                
|1122(d)(4)(v)      |  | The servicers records          |  | X                              
|                   |  | regarding the pool assets agree |  |                                
|                   |  | with the servicers records     |  |                                
|                   |  | with respect to an obligors    |  |                                
|                   |  | unpaid principal balance.       |  |                                
|1122(d)(4)(vi)     |  | Changes with respect to the     |  | X                              
|                   |  | terms or status of an obligors |  |                                
|                   |  | pool asset (e.g., loan          |  |                                
|                   |  | modifications or re-agings) are |  |                                
|                   |  | made, reviewed and approved     |  |                                
|                   |  | by authorized personnel in      |  |                                
|                   |  | accordance with the             |  |                                
|                   |  | transaction agreements and      |  |                                
|                   |  | related pool asset documents.   |  |                                
|1122(d)(4)(vii)    |  | Loss mitigation or recovery     |  | X                              
|                   |  | actions (e.g., forbearance      |  |                                
|                   |  | plans, modifications and deeds  |  |                                
|                   |  | in lieu of foreclosure,         |  |                                
|                   |  | foreclosures and                |  |                                
|                   |  | repossessions, as applicable)   |  |                                
|                   |  | are initiated, conducted and    |  |                                
|                   |  | concluded in accordance with    |  |                                
|                   |  | the timeframes or other         |  |                                
|                   |  | requirements established by     |  |                                
|                   |  | the transaction agreements.     |  |                                
|1122(d)(4)(viii)   |  | Records documenting             |  | X                              
|                   |  | collection efforts are          |  |                                
|                   |  | maintained during the period a  |  |                                

---



EXHIBIT 33.2

|Servicing Criteria |  | Applicable Servicing Criteria     |  | Inapplicable Servicing Criteria
|------------------ |  | --------------------------------- |  | -------------------------------
|Reference          |  | Criteria                          |  | Performed                      
|                   |  |                                   |  | Directly by                    
|                   |  |                                   |  | the Company                    
|                   |  |                                   |  |                                
|                   |  |                                   |  |                                
|                   |  |                                   |  |                                
|                   |  |                                   |  |                                
|                   |  |                                   |  |                                
|                   |  | pool asset is delinquent in       |  |                                
|                   |  | accordance with the               |  |                                
|                   |  | transaction agreements. Such      |  |                                
|                   |  | records are maintained on at      |  |                                
|                   |  | least a monthly basis, or such    |  |                                
|                   |  | other period specified in the     |  |                                
|                   |  | transaction agreements, and       |  |                                
|                   |  | describe the entitys activities  |  |                                
|                   |  | in monitoring delinquent pool     |  |                                
|                   |  | assets including, for example,    |  |                                
|                   |  | phone calls, letters and          |  |                                
|                   |  | payment rescheduling plans in     |  |                                
|                   |  | cases where delinquency is        |  |                                
|                   |  | deemed temporary (e.g.,           |  |                                
|                   |  | illness or unemployment).         |  |                                
|1122(d)(4)(ix)     |  | Adjustments to interest rates     |  |                                
|                   |  | or rates of return for pool       |  |                                
|                   |  | assets with variable rates are    |  |                                
|                   |  | computed based on the related     |  |                                
|                   |  | pool asset documents.             |  |                                
|1122(d)(4)(x)      |  | Regarding any funds held in       |  |                                
|                   |  | trust for an obligor (such as     |  |                                
|                   |  | escrow accounts):                 |  |                                
|                   |  | (A) Such funds are analyzed,      |  |                                
|                   |  | in accordance with the            |  |                                
|                   |  | obligors pool asset              |  |                                
|                   |  | documents, on at least an         |  |                                
|                   |  | annual basis, or such other       |  |                                
|                   |  | period specified in the           |  |                                
|                   |  | transaction agreements;           |  |                                
|                   |  | (B) Interest on such funds is     |  |                                
|                   |  | paid, or credited, to obligors in |  |                                
|                   |  | accordance with applicable        |  |                                
|                   |  | pool asset documents and state    |  |                                
|                   |  | laws; and                         |  |                                
|                   |  | (C) Such funds are returned to    |  |                                
|                   |  | the obligor within 30 calendar    |  |                                
|                   |  | days of full repayment of the     |  |                                
|                   |  | related pool asset, or such       |  |                                
|                   |  | other number of days specified    |  |                                
|                   |  | in the transaction agreements.    |  |                                
|1122(d)(4)(xi)     |  | Payments made on behalf of        |  |                                
|                   |  | an obligor (such as tax or        |  |                                
|                   |  | insurance payments) are made      |  |                                
|                   |  | on or before the related
penalty  |  |                                
|                   |  | or expiration dates, as
indicated |  |                                
|                   |  | on the appropriate
bills or       |  |                                
|                   |  | notices for such payments,        |  |                                
|                   |  | provided that such support has    |  |                                
|                   |  | been received by the servicer     |  |                                
|                   |  | at least 30 calendar days prior   |  |                                
|                   |  | to these dates, or such other     |  |                                
|                   |  | number of days specified in       |  |                                
|                   |  | the transaction agreements.       |  |                                

---



EXHIBIT 33.2

|Servicing Criteria |  | Applicable Servicing Criteria   |  | Inapplicable Servicing Criteria
|------------------ |  | ------------------------------- |  | -------------------------------
|Reference          |  | Criteria                        |  | Performed                      
|                   |  |                                 |  | Directly by                    
|                   |  |                                 |  | the Company                    
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|                   |  |                                 |  |                                
|1122(d)(4)(xii)    |  | Any late payment penalties in   |  |                                
|                   |  | connection with any payment     |  |                                
|                   |  | to be made on behalf of an      |  |                                
|                   |  | obligor are paid from the       |  |                                
|                   |  | servicers funds and not        |  |                                
|                   |  | charged to the obligor, unless  |  |                                
|                   |  | the late payment was due to     |  |                                
|                   |  | the obligors error or          |  |                                
|                   |  | omission.                       |  |                                
|1122(d)(4)(xiii)   |  | Disbursements made on behalf    |  |                                
|                   |  | of an obligor are posted within |  |                                
|                   |  | two business days to the        |  |                                
|                   |  | obligors records maintained    |  |                                
|                   |  | by the servicer, or such other  |  |                                
|                   |  | number of days specified in     |  |                                
|                   |  | the transaction agreements.     |  |                                
|1122(d)(4)(xiv)    |  | Delinquencies, charge-offs      |  | X                              
|                   |  | and uncollectable accounts are  |  |                                
|                   |  | recognized and recorded in      |  |                                
|                   |  | accordance with the             |  |                                
|                   |  | transaction agreements.         |  |                                
|1122(d)(4)(xv)     |  | Any external enhancement or     |  |                                
|                   |  | other support, identified in    |  |                                
|                   |  | Item 1114(a)(1) through (3) or  |  |                                
|                   |  | Item 1115 of  Regulation
AB,    |  |                                
|                   |  | is maintained as set forth      |  |                                
|                   |  | in the transaction agreements.  |  |                                

---



EXHIBIT 33.2

Footnotes to Appendix A Servicing Criteria

1The Company performs all of criterion 1122(d)(1)(ii) except for certain limited monitoring by master servicer, CIT Financial USA, Inc., of the lockbox function provided by JPMorgan Chase Bank, N.A., a vendor retained by the Company and the document
imaging and storage function provided by Archive Systems, Inc., a vendor retained by the Company. Limited monitoring by master servicer, CIT Financial USA, Inc., consists of
(a)  relationship  management  of the vendor  performing  the lockbox  function,
including  participation  in  periodic  site  visits to  inspect  such  vendors
operations  as they  relate  to the  lockbox  function;  and (b)  accessing  the
computer  network of the vendor  performing  the  document  imaging  and storage
function for purposes of monitoring system availability and performance.

2The Company performs all of criterion 1122(d)(2)(i) except for the lockbox function, which is a specific, limited activity. Only the lockbox function is performed by a vendor,
JPMorgan Chase Bank, N.A., under criterion 1122(d)(2)(i).

3The Company under criterion 1122(d)(2)(ii) makes authorized disbursements of funds to the indenture trustee based on instructions received from master servicer, CIT Financial
USA, Inc., as to timing and amounts. The indenture trustee makes disbursements to investors. The indenture trustee for the transaction is not required to furnish an assessment and attestation under Item 1122 of Regulation AB. The Company does not make disbursements on behalf of an obligor.

4The Company under criterion 1122(d)(2)(iii) makes advances of funds and collects interest and other fees charged for such advances based on instructions received from master
servicer, CIT Financial USA, Inc. The Company does not guarantee collections, cash flows or distributions.

5The Company performs all of criterion 1122(d)(3)(iii) only with respect to posting of disbursements to the indenture trustee from its own concentration account. The indenture trustee makes disbursements to investors. The indenture trustee for the transaction is not required to furnish an assessment and attestation under Item 1122 of Regulation AB.

6The Company performs all of criterion 1122(d)(4)(i) except for the function of storing collateral or security in documentary form, which is a
specific, limited activity. Only the function of storing collateral or security in documentary form is performed by a vendor, Archive Systems, Inc., under criterion 1122(d)(4)(i).

7The Company performs all of criterion 1122(d)(4)(ii) except for the function of storing documents related to pool assets, which is a specific, limited activity. Only the
function of storing documents related to pool assets is performed by a vendor, Archive Systems, Inc., under criterion 1122(d)(4)(ii).

8The Company under criterion 1122(d)(4)(iii) makes additions, removals or substitutions  with respect to pool assets serviced by it based on instructions received from master
servicer, CIT Financial USA, Inc.

---