**Certification        Regarding Compliance with Applicable Servicing Criteria**

| 1. | Nissan                  Motor Acceptance Corporation (“NMAC”) 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”). The transactions                  covered by this report include asset-backed securities transactions                  involving motor vehicle retail installment sale contracts and lease                  contracts (the “Platform”) for which NMAC acted as                  servicer; |
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| 2. | NMAC                  has engaged certain vendors (the “Vendors”) to perform specific, limited                  or scripted activities, and NMAC elects to take responsibility                  for                  assessing compliance with the servicing criteria or portion of                  the                  servicing criteria applicable to such Vendors’                  activities; |
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| 3. | Presented                  in Appendix A hereto are the servicing criteria (and portions thereof)                  impacted by the Vendors’ activities and for which NMAC is assuming                  responsibility; |
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| 4. | Except                  as set forth in paragraphs 5 and 6 below, NMAC used the criteria                  set forth                  in paragraph (d) of Item 1122 of Regulation AB to assess the compliance                  with the applicable servicing                  criteria; |
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| 5. | NMAC                  has determined that criteria 1122(d)(1)(iii), (d)(1)(iv), (d)(2)(vi),                  (d)(4)(ix), (d)(4)(x) and (d)(4)(xv) are not applicable to NMAC                  based on                  the activities it performs, directly or through its Vendors or                  subsidiaries, with respect to the                  Platform; |
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| 6. | NMAC                  has determined that (a) criteria 1122(d)(2)(ii) and (d)(3)(ii)-(iii)                  pertaining to the actual disbursement or remittance of funds to                  investors                  and (b) aspects of criteria (d)(2)(iv) and (d)(3)(iv) do not apply                  to NMAC                  since performance of activities in connection with such criteria                  are the                  responsibility of a different party participating in the servicing                  function; |
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| 7. | NMAC                  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, except for certain instances                  of                  non-compliance described in Appendix B                  hereto; |
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| 8. | NMAC                  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; |
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| 9. | NMAC                  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 |
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| 10. | Deloitte                  & Touche LLP (“D&T”), a registered public accounting firm, has                  issued an attestation report (the “Attestation”) on NMAC’s assessment of                  compliance with the applicable servicing criteria for the Reporting                  Period. |
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**APPENDIX        A**

|  **Reference**     |  **Servicing                  Criteria**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  **Vendor(s)                  Involved**                                                                     |
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|               |  **Cash                  Collection and Administration**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                   |
|  1122(d)(2)(i)     |  Payments                  on pool assets are deposited into the appropriate custodial bank                  accounts                  and related bank clearing accounts no more than two business days                  following receipt, or such other number of days specified in the                  transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Mellon                  Working Capital Solutions, Citigroup Inc., BillMatrix                  Corporation  |
|  1122(d)(2)(vii)   |  Reconciliations                  are prepared on a monthly basis for all asset-backed securities                  related                  bank accounts, including custodial accounts and related bank clearing                  accounts. These reconciliations are (A) mathematically accurate;                  (B)                  prepared within 30 calendar days after the bank statement cutoff                  date, or                  such other number of days specified in the transaction agreements;                  (C)                  reviewed and approved by someone other than the person who prepared                  the                  reconciliation; and (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.  |  Genpact                                                                                                     |
|               |  **Pool                  Asset Administration**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                   |
|  1122(d)(4)(i)     |  Collateral                  or security on pool assets is maintained as required by the transaction                  agreements or related mortgage loan documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  DealerTrack,                  Inc.                                                                          |
|  1122(d)(4)(ii)    |  Pool                  asset and related documents are safeguarded as required by the                  transaction                  agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  DealerTrack,                  Inc.                                                                          |
|  1122(d)(4)(vi)    |  Changes                  with respect to the terms or status of an obligor's pool assets                  (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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  Genpact                                                                                                     |
|  1122(d)(4)(viii)  |  Records                  documenting collection efforts are maintained during the period                  a 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).                                                                                                                                                                                                                                                                       |  Genpact                                                                                                     |

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**APPENDIX        B**

| 1. | Criteria                  (d)(2)(i): “Payments on pool assets are deposited into the appropriate                  custodial bank accounts and related bank clearing accounts... in such...                  number of days specified in the transaction                  agreements.” |
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