**Exhibit99.1**

 

AmeriCredit Automobile Receivables Trust 2002-A

Class A-1 1.92 % Asset Backed Notes

Class A-2-A 2.64 % Asset Backed Notes

Class A-2-B Floating Rate Asset Backed Notes

Class A-3 Floating Rate Asset Backed Notes

Class A-4 4.61% Asset Backed Notes

Preliminary Servicer's Certificate

 

 

This Servicer'sCertificate has been prepared pursuant to Section 4.9 of the Sale and ServicingAgreement among AmeriCredit Automobile Receivables Trust 2002-A, as Issuer,AmeriCredit Financial Services, Inc., as Servicer, AFS Funding Corp., asSeller, and The JPMorgan Chase Bank, as the Backup Servicer and TrustCollateral Agent, dated as of February 27, 2002.  Defined terms have the meanings assigned to them in the Sale andServicing Agreement or in other Transaction Documents.

 

The undersignedhereby certifies that no Trigger Event has occurred on the relatedDetermination Date and that, to the knowledge of the Servicer, no InsuranceAgreement Event of Default has occurred.

 
| **Monthly Period Beginning:******** ** | 12/01/2002 |   |                 |      | ** **       |             |             | **Original**   |
|---------------------------------------------|------------|--------|----------------------|-----------|------------------|------------------|------------------|----------------|
| **Monthly Period Ending:**                  | 12/31/2002 |   | **Purchases**        | **Units** | **Cut-off Date** | **Closing Date** | **Pool Balance** |
| **Prev. Distribution/Close Date:**          | 12/06/2002 |   | **Initial Purchase** | 48,262    | 02/21/2002       | 02/27/2002       | $799,999,757     |
| **Distribution Date:**                      | 01/06/2003 |   | **Sub. Purchase #1** | 53,140    | 04/04/2002       | 04/12/2002       | 799,999,895      |
| **Days of Interest for Period:**            | 31         |   | **Sub. Purchase #2** |      |             |             |             |
| **Days in Collection Period:**              | 31         |   | ** **           |      |             |             |             |           |
| **Months Seasoned:**                        | 10         |   | **Total**            |      | 101,402          |             |             | $1,599,999,652 |

 
| **I.**   | **MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION:******** ** | ** **                                                 | ** ** | ** **   |
|----------|-----------------------------------------------------------------------------|------------------------------------------------------------|------------|--------------|
|     |                                                                        |                                                       |       |         |   |
| **{1}**  | Beginning  of period Aggregate Principal Balance                            |                                                       |       | **{1}**      | $1,299,415,682 |
|     |                                                                        |                                                       |       |         |   |
| **{2}**  | Purchase  of Subsequent Receivables                                         |                                                       |       | **{2}**      | $0 |
|     |                                                                        |                                                       |       |         |   |
|     | Monthly  Principal Amounts                                                  |                                                       |       |         |   |
|     |                                                                        |                                                       |       |         |   |
|     | **{3}**                                                                     | Collections  on Receivables outstanding at end of period   | **{3}**    | 32,473,310   |   |
|     | **{4}**                                                                     | Collections  on Receivables paid off during period         | **{4}**    | 13,001,155   |   |
|     | **{5}**                                                                     | Receivables  becoming Liquidated Receivables during period | **{5}**    | 13,325,828   |   |
|     | **{6}**                                                                     | Receivables  becoming Purchased Receivables during period  | **{6}**    | 0            |   |
|     | **{7}**                                                                     | Other  Receivables adjustments                             | **{7}**    | 10,316       |   |
|     | **{8}**                                                                     | Less  amounts allocable to Interest                        | **{8}**    | (17,982,671) |   |
|     |                                                                        |                                                       |       |         |   |
|     | **{9}**                                                                     | Total  Monthly Principal Amounts                           |       | **{9}**      | $40,827,938 |
|     |                                                                        |                                                       |       |         |   |
| **{10}** | End  of period Aggregate Principal Balance                                  |                                                       |       | **{10}**     | $1,258,587,744 |
|     |                                                                        |                                                       |       |         |   |
| **{11}** | Pool  Factor   ({10} / Original Pool Balance)                |                                                       |       | **{11}**     | 78.6617511% |
|          |                                                                             |                                                            |            |              |  |  |

 
| **II.**  | **MONTHLY PERIOD NOTE BALANCE CALCULATION:** |     | **Class A-1** | **Class A-2-A** | **Class A-2-B** | **Class A-3** | **Class A-4** | **TOTAL**      |
|----------|----------------------------------------------|----------|---------------|-----------------|-----------------|---------------|---------------|----------------|
| **{12}** | Original  Note Balance                       | **{12}** | $250,000,000  | $225,000,000    | $225,000,000    | $500,000,000  | $400,000,000  | $1,600,000,000 |
|     |                                         |     |          |            |            |          |          |           |
| **{13}** | Beginning  of period Note Balance            | **{13}** | $0            | $165,074,948    | $165,074,949    | $500,000,000  | $400,000,000  | $1,230,149,897 |
|     |                                         |     |          |            |            |          |          |           |
| **{14}** | Noteholders'  Principal Distributable Amount | **{14}** | 0             | 20,413,969      | 20,413,969      | 0             | 0             | 40,827,938     |
| **{15}** | Noteholders'  Accelerated Principal Amount   | **{15}** | 0             | 0               | 0               | 0             | 0             | 0              |
| **{16}** | Accelerated  Payment Amount Shortfall        | **{16}** | 0             | 1,885,272       | 1,885,272       | 0             | 0             | 3,770,544      |
| **{17}** | Deficiency  Claim Amount                     | **{17}** | 0             | 0               | 0               | 0             | 0             | 0              |
|     |                                         |     |          |            |            |          |          |           |
| **{18}** | End  of period Note Balance                  | **{18}** | $0            | $142,775,707    | $142,775,708    | $500,000,000  | $400,000,000  | $1,185,551,415 |
|     |                                         |     |          |            |            |          |          |           |
| **{19}** | Note  Pool Factors  ({18} / {12})       | **{19}** | 0.0000000%    | 63.4558698%     | 63.4558702%     | 100.0000000%  | 100.0000000%  | 74.0969634%    |

 

1

----

 

 
| **III.** | **RECONCILIATION OF PRE-FUNDING ACCOUNT:**           |     |     |   |
|----------|------------------------------------------------------|----------|----------|--------|
| **{20}** | Beginning  of period Pre-Funding Account balance     |     | **{20}** |   | $0 |
| **{21}** | Purchase  of Subsequent Receivables                  |     | **{21}** | 0      |   |
| **{22}** | Investment  Earnings                                 |     | **{22}** | 0      |   |
| **{23}** | Investment  Earnings Transfer to Collections Account |     | **{23}** | 0      |   |
| **{24}** | Payment  of Mandatory Prepayment Amount              |     | **{24}** | 0      |   |
| **{25}** | Total  Month Activity                                | **{25}** |     | 0      |
| **{26}** | End  of period Pre-Funding Account balance           |     | **{26}** |   | $0 |

 
| **IV.**  | **CALCULATION OF PRINCIPAL DISTRIBUTABLE AMOUNT**   |     |          |        |
|----------|-----------------------------------------------------|----------|---------------|-------------|
| **{27}** | Total  Monthly Principal Amounts                    | **{27}** |          | $40,827,938 |
| **{28}** | Required  Pro-forma Note Balance                    | **{28}** | 1,145,314,847 |        |
| **{29}** | Pro-forma  Note Balance                             | **{29}** | 1,189,321,959 |        |
| **{30}** | Step-down  Amount  (Max of 0 or ({28} - {29})) | **{30}** |          | 0           |
| **{31}** | Principal  Distributable Amount  ({27} - {30}) | **{31}** |          | $40,827,938 |

 
| **V.**   | **RECONCILIATION OF CAPITALIZED INTEREST ACCOUNT:**              |     |   |   |
|----------|------------------------------------------------------------------|----------|--------|--------|
| **{32}** | Beginning  of period Capitalized Interest   Account balance | **{32}** |   | $0     |
| **{33}** | Monthly  Capitalized Interest Amount                             | **{33}** | 0      |   |
| **{34}** | Investment  Earnings                                             | **{34}** | 0      |   |
| **{35}** | Investment  Earnings Transfer to Collections Account             | **{35}** | 0      |   |
| **{36}** | Payment  of Overfunded Capitalized Interest Amount               | **{36}** | 0      |   |
| **{37}** | Payment  of Remaining Capitalized Interest Account               | **{37}** | 0      |   |
| **{38}** | Total  Monthly Activity                                          | **{38}** |   | 0      |
| **{39}** | End  of period Capitalized Interest Account balance              | **{39}** |   | $0     |

 
| **VI.** | **RECONCILIATION OF COLLECTION ACCOUNT:******  |                                                                             |     |        |
|---------|-----------------------------------------------------|----------------------------------------------------------------------------------|----------|-------------|
|    | **Available Funds: **                          |                                                                             |     |        |
|    | **{40}**                                            | Collections  on Receivables during period (net of Liquidation Proceeds and Fees) | **{40}** | $45,157,343 |   |
|    | **{41}**                                            | Liquidation  Proceeds collected during period                                    | **{41}** | 4,450,418   |   |
|    | **{42}**                                            | Purchase  Amounts deposited in Collection                                        | **{42}** | 0           |   |
|    | **{43}**                                            | Investment  Earnings - Collection Account                                        | **{43}** | 38,145      |   |
|    | **{44}**                                            | Investment  Earnings - Transfer From Prefunding Account                          | **{44}** | 0           |   |
|    | **{45}**                                            | Investment  Earnings - Transfer From Capitalized Interest Account                | **{45}** | 0           |   |
|    | **{46}**                                            | Collection  of Supplemental Servicing - Extension Fees                           | **{46}** | 324,584     |   |
|    | **{47}**                                            | Collection  of Supplemental Servicing - Repo and Recovery Fees Advanced          | **{47}** | 311,901     |   |
|    | **{48}**                                            | Collection  of Supplemental Servicing - Late Fees                                | **{48}** | 204,995     |   |
|    | **{49}**                                            | Monthly  Capitalized Interest Amount                                             | **{49}** | 0           |   |
|    | **{50}**                                            | Mandatory  Note Prepayment Amount                                                | **{50}** | 0           |   |
|    | **{51}**                                            | Proceeds  from Swap Agreement                                                    | **{51}** |        |   |
|    | **{52}**                                            | Total  Available Funds                                                           | **{52}** |        | 50,487,386 |
|    |                                                |                                                                             |     |        |   |
|    | **Distributions:**                                  |                                                                             |     |        |   |   |   |
|    | **{53}**                                            | Swap  Payments to Swap Provider                                                  |     |        |   | **{53}** | 936,458 |   |
|    | **{54}**                                            | Base  Servicing Fee -  to Servicer                                          |     |        |   | **{54}** | 2,436,404 |   |
|    | **{55}**                                            | Repo  and Recovery Fees - reimbursed to Servicer                                 |     |        |   | **{55}** | 311,901 |   |
|    | **{56}**                                            | Bank  Service Charges - reimbursed to Servicer                                   |     |        |   | **{56}** | 7,509 |   |
|    | **{57}**                                            | Late  Fees - to Servicer                                                         |     |        |   | **{57}** | 204,995 |   |
|    | **{58}**                                            | Agent  fees - to Trustee                                                         |     |        |   | **{58}** | 0 |   |

 
|     |                                                         | **Noteholders' Interest Distributable Amount**  |
|----------|--------------------------------------------------------------|-------------------------------------------------|
|     |                                                         | ** **                                      | **Beginning** | **Interest** | **Interest** |   |   | **Calculated** |   |   |   |   |
|     |                                                         | **Class**                                       | **Note Balance** | **Carryover** | **Rate** | **Days** | **Days Basis** | **Interest** |   |   |   |   |
|     | **{59}**                                                     | Class  A - 1                                    | $0 | 0 | 1.92000% | 31 | Actual days/360 | $0 |   | **{59}** | 0 |   |
|     | **{60}**                                                     | Class  A - 2-A                                  | 165,074,948 | 0 | 2.64000% | 30 | 30/360 | 363,165 |   | **{60}** | 363,165 |   |
|     | **{61}**                                                     | Class  A - 2-B                                  | 165,074,949 | 0 | 1.57375% | 31 | Actual days/360 | 223,705 |   | **{61}** | 223,705 |   |
|     | **{62}**                                                     | Class  A - 3                                    | 500,000,000 | 0 | 1.63375% | 31 | Actual days/360 | 703,420 |   | **{62}** | 703,420 |   |
|     | **{63}**                                                     | Class  A - 4                                    | 400,000,000 | 0 | 4.61000% | 30 | 30/360 | 1‚536,667 |   | **{63}** | 1‚536,667 |   |
|     |                                                         |                                            |
|     |                                                         | **Noteholders' Principal Distributable Amount** |
|     |                                                         |                                            | **Principal** | **Principal** | **Excess** | **Mandatory** | **Total** |   |   |   |   |
|     |                                                         | **Class**                                       | **Distributable** | **Carryover** | **Principal Due** | **Note Prepayment** | **Principal** |   |   |   |   |
|     | **{64}**                                                     | Class  A - 1                                    | $0 | 0 | 0 | 0 | $0 |   | **{64}** | 0 |   |
|     | **{65}**                                                     | Class  A - 2-A                                  | 20,413,969 | 0 | 0 | 0 | 20,413,969 |   | **{65}** | 20,413,969 |   |
|     | **{66}**                                                     | Class  A - 2-B                                  | 20,413,969 | 0 | 0 | 0 | 20,413,969 |   | **{66}** | 20,413,969 |   |
|     | **{67}**                                                     | Class  A - 3                                    | 0 | 0 | 0 | 0 | 0 |   | **{67}** | 0 |   |
|     | **{68}**                                                     | Class  A - 4                                    | 0 | 0 | 0 | 0 | 0 |   | **{68}** | 0 |   |
|     | **{69}**                                                     | Security  Insurer Premiums - to FSA             | **{69}** | 437,665 |   |
|     |                                                         |                                            |
|     | **{70}**                                                     | Total  distributions                            | **{70}** |   | 47,989,827 |
|     |                                                         |                                            |
| **{71}** | Excess  Available Funds  (or Deficiency Claim  Amount ) | **{71}**                                        |   | 2,497,559 |
|     |                                                         |                                            |
| **{72}** | Deposit  to Spread Account to Increase to Required Level     | **{72}**                                        |   | 0 |
|     |                                                         |                                            |
| **{73}** | Noteholders'  Accelerated Principal Amount                   | **{73}**                                        |   | 0 |
|     |                                                         |                                            |
| **{74}** | Deposit  to Spread Account                                   | **{74}**                                        |   | $2,497,559 |
|          |                                                              |                                                 |  |  |  |  |  |  |  |  |  |  |  |  |

 

2

----

 
| **VlI.** | **CALCULATION OF ACCELERATED PRINCIPAL AMOUNT**                               |     |          |   |
|----------|-------------------------------------------------------------------------------|----------|---------------|--------|
| **{75}** | Excess  Available Funds After Amount to Increase Spread to Required Level     | **{75}** | $0            |   |
| **{76}** | Pro  Forma Note Balance    ({13} - {9})                        | **{76}** | 1,189,321,959 |   |
| **{77}** | Required  Pro Forma Note Balance   (91% x ({10}  + {26}))           | **{77}** | 1,145,314,847 |   |
| **{78}** | Excess  of Pro Forma Balance over Required Balance    ({76} - {77}) | **{78}** | 44,007,112    |   |
| **{79}** | End  of Period  Class A-1 Note Balance  (before accel. payments)    | **{79}** | 0             |   |
| **{80}** | Lesser  of {78} or {79}                                                       | **{80}** | 0             |   |
| **{81}** | Accelerated  Principal Amount  (lesser of  {75} or {80})            | **{81}** |          | $0     |

 
| **VIII.** | **CALCULATION OF ACCELERATED PAYMENT AMOUNT SHORTFALL**                       |     |          |        |
|-----------|-------------------------------------------------------------------------------|----------|---------------|-------------|
| **{82}**  | Pro  Forma Note Balance    ({13} - {9})                        | **{82}** | 1,189,321,959 |        |
| **{83}**  | Required  Pro Forma Note Balance   (91 x ({10} +  {26}))            | **{83}** | 1,145,314,847 |        |
| **{84}**  | Excess  of Pro Forma Balance over Required Balance    ({82} - {83}) | **{84}** | 44,007,112    |        |
| **{85}**  | End  of Period  Class A-1 Note Balance                                   | **{85}** | 0             |        |
| **{86}**  | Greater  of {84} or {85}                                                      | **{86}** | 44,007,112    |        |
| **{87}**  | Excess  Available Funds  ({71})                                          | **{87}** | 2,497,559     |        |
| **{88}**  | Investment  Earnings on Collection Account  ({43})                       | **{88}** | 38,145        |        |
| **{89}**  | Accelerated  Payment Amount Shortfall ({86} - {87} + {88})                    | **{89}** |          | $41,547,698 |

 
| **IX.**   | **RECONCILIATION OF SPREAD ACCOUNT:******                                                                                | **Initial**                                                                                                                                                                                           | **Sub #1** | **Sub #2** |        |        |
|-----------|-------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------|-------------|-------------|
|      |                                                                                                                          |                                                                                                                                                                                                  | ** ** | ** ** | ** **  | ** **  | **Total** |
| **{90}**  | **Initial or Subsequent Spread Account Deposits**                                                                             | $15,999,995                                                                                                                                                                                           | 15,999,998 | 0          |        | $31,999,993 |
|      |                                                                                                                          |                                                                                                                                                                                                  |       |       |        |        |
| **{91}**  | **Beginning of period Spread Account balance**                                                                                |                                                                                                                                                                                                  | **{91}**   |       | $38,982,470 |
|      |                                                                                                                          |                                                                                                                                                                                                  |       |       |        |
|      | **Additions to Spread Account**                                                                                               |                                                                                                                                                                                                  |       |       |        |
|      | **{92}**                                                                                                                      | Deposits  from Collections Account    ({74})                                                                                                                                           |       | **{92}**   | 2,497,559   |        |
|      | **{93}**                                                                                                                      | Investment  Earnings                                                                                                                                                                                  |       | **{93}**   | 48,147      |        |
|      | **{94}**                                                                                                                      | Deposits  Related to Subsequent Receivables Purchases                                                                                                                                                 |       | **{94}**   | 0           |        |
|      | **{95}**                                                                                                                      | Total  Additions                                                                                                                                                                                      |       | **{95}**   |        | 2,545,706   |
|      |                                                                                                                          |                                                                                                                                                                                                  |       |       |        |        |
| **{96}**  | **Spread Account balance available for  withdrawals**                                                                    |                                                                                                                                                                                                  | **{96}**   |       | 41,528,176  |
|      |                                                                                                                          |                                                                                                                                                                                                  |       |       |        |
|      | **Requisite Amount of Spread  Account During Funding Period**

**(The amount below will be  zero after the funding period.)** |                                                                                                                                                                                                  |       |       |        |
|      | **{97}**                                                                                                                      | 3% of the Aggregate Principal  Balance and the Pre-Funded Amount                                                                                                                                      | **{97}**   | 0          |        |
|      | **After Funding Period (All amounts below will be zero after  the funding period.)**                                          |                                                                                                                                                                                                  |       |       |
|      |                                                                                                                          | Floor  Amount   (Calculation Below)                        =   | 23,999,995 |       |        |        |
|      | **{98}**                                                                                                                      |      (Max of  (1.)$100,000 or (2.) Lesser of Note Balance and 1.5% Original  Pool Balance)                                                                                   |       | **{98}**   | 0           |        |
|      | **{99}**                                                                                                                      | Recourse  Reduction Amount  (if any)                                                                                                                                                             | **{99}**   | 0          |        |
|      | **{100}**                                                                                                                     | If  OC percentage is less than 12%, then 3% of Aggr. Ending Balance                                                                                                                                   | 37,757,632 | **{100}**  | 37,757,632  |        |
|      | **{101}**                                                                                                                     | If  OC percentage is equal to or greater  than 12%,  then((12% - OC  Level) *Aggr. End Bal.)                                                                                                | 0          | **{101}**  | 0           |        |
|      | **{102}**                                                                                                                     | If  Trigger Event exists then 16% of the Aggregate Principal Balance                                                                                                                                  |       | **{102}**  | 0           |        |
|      | **{103}**                                                                                                                     | If  an Insurance Agreement Event of Default exists then an unlimited amount (as  specified by FSA)                                                                                                    | **{103}**  | 0          |        |
|      | **{104}**                                                                                                                     | Requisite  Amount of Spread Account                                                                                                                                                                   |       | **{104}**  |        | 37,757,632  |
|      |                                                                                                                          |                                                                                                                                                                                                  |       |       |        |        |
|      | **Withdrawals from Spread Account**                                                                                           |                                                                                                                                                                                                  |       |       |        |
|      | **{105}**                                                                                                                     | Priority  First - Deficiency Claim Amount                                                                                                                                                             |       | **{105}**  | 0           |        |
|      |                                                                                                                          | Priority  Second - Accelerated Payment Amount Shortfall  =                                                                                                                                       | 41,547,698 |       |        |        |
|      | **{106}**                                                                                                                     |      Accelerated Payment Amount Shortfall in  Excess of Requisite Amount                                                                                                          |       | **{106}**  | 3,770,544   |        |
|      | **{107}**                                                                                                                     | Priority  Third through Fourth                                                                                                                                                                        |       | **{107}**  |        |        |
|      | **{108}**                                                                                                                     | Priority  Fifth through Sixth                                                                                                                                                                         |       | **{108}**  |        |        |
|      | **{109}**                                                                                                                     | Priority  Seventh - to Servicer                                                                                                                                                                       |       | **{109}**  | 0           |        |
|      | **{110}**                                                                                                                     | Total  withdrawals                                                                                                                                                                                    |       | **{110}**  |        | 3,770,554   |
|      |                                                                                                                          |                                                                                                                                                                                                  |       |       |        |        |
| **{111}** | **End of period Spread Account balance**                                                                                      |                                                                                                                                                                                                  | **{111}**  |       | 37,757,632  |
|           |                                                                                                                               |                                                                                                                                                                                                       |            |            |             |             |  |  |  |  |  |  |  |  |  |

 
| **X.** | **CALCULATION OF OC LEVEL AND OC PERCENTAGE******  |                                                                                                         |      |          |
|--------|---------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|-----------|---------------|
|   | **{112}**                                               | Aggregate  Principal Balance                                                                                 | **{112}** | 1,258,587,744 |   |
|   | **{113}**                                               | End  of period Note Balance                                                                                  | **{113}** | 1,185,551,415 |   |
|   | **{114}**                                               | Line  {112} less line {113} (During Funding Period amount equal to zero)                                     | **{114}** | 73,036,329    |   |
|   | **{115}**                                               | OC  level     {114} / {112}                                                              | **{115}** | 5.80%         |   |
|   | **{116}**                                               | Ending  Spread Balance as a percentage of Aggregate Principal Bal plus Prefunding Bal  ({111} / {112}+{26})) | **{116}** | 3.00%         |   |
|   | **{117}**                                               | OC  Percentage ({115} + {116})                                                                               | **{117}** |          | **8.80%** |

 

 

 

 
| By:    | /s/ Connie Coffey                          |
|--------|--------------------------------------------|
| Name:  | Connie Coffey                              |
| Title: | Senior Vice President, Treasury  Reporting |
| Date:  | January  2, 2003                           |

 

 

3

----

 

AmeriCredit Automobile Receivables Trust 2002-A

Class A-1 1.92 % Asset Backed Notes

Class A-2-A 2.64 % Asset Backed Notes

Class A-2-B Floating Rate Asset Backed Notes

Class A-3 Floating Rate Asset Backed Notes

Class A-4 4.61% Asset Backed Notes

Servicer's Certificate

 

This Servicer'sCertificate has been prepared pursuant to Section 4.9 of the Sale and ServicingAgreement among AmeriCredit Automobile Receivables Trust 2002-A, as Issuer,AmeriCredit Financial Services, Inc., as Servicer, AFS Funding Corp., asSeller, and The JPMorgan Chase Bank, as the Backup Servicer and TrustCollateral Agent, dated as of February 27, 2002.  Defined terms have the meanings assigned to them in the Sale andServicing Agreement or in other Transaction Documents.

 

The undersignedhereby certifies that no Trigger Event has occurred on the relatedDetermination Date and that, to the knowledge of the Servicer, no InsuranceAgreement Event of Default has occurred.

 
| **Monthly Period Beginning:******** ******** ** | 12/01/2002 |
|-----------------------------------------------------------|------------|
| **Monthly Period Ending:**                                | 12/31/2002 |
| **Prev. Distribution/Close Date:**                        | 12/06/2002 |
| **Distribution Date:**                                    | 01/06/2003 |
| **Days of Interest for Period:**                          | 31         |
| **Days in Collection Period:**                            | 31         |
| **Months Seasoned:**                                      | 10         |

 
| **I.**  | **MONTHLY PERIOD NOTE BALANCE CALCULATION:******  |    | **Class A-1** | **Class A-2-A** | **Class A-2-B** | **Class A-3** | **Class A-4** | **TOTAL**      |
|---------|--------------------------------------------------------|---------|---------------|-----------------|-----------------|---------------|---------------|----------------|
| **{1}** | Original  Note Balance                                 | **{1}** | $250,000,0000 | $225,000,000    | $225,000,000    | $500,000,000  | $400,000,000  | $1,600,000,000 |
|    |                                                   |    |          |            |            |          |          |           |
| **{2}** | Preliminary  End of period Note Balance                | **{2}** | $0            | $142,775,707    | $142,775,708    | $500,000,000  | $400,000,000  | $1,185,551,415 |
|    |                                                   |    |          |            |            |          |          |           |
| **{3}** | Deficiency  Claim Amount                               | **{3}** | 0             | 0               | 0               | 0             | 0             | 0              |
|    |                                                   |    |          |            |            |          |          |           |
| **{4}** | End  of period Note Balance                            | **{4}** | $0            | $142,775,707    | $142,775,708    | $500,000,000  | $400,000,000  | $1,185,551,415 |
|    |                                                   |    |          |            |            |          |          |           |
| **{5}** | Note  Pool Factors  {4} / {1}                     | **{5}** | 0.0000000%    | 63.4558698%     | 63.4558702%     | 100.0000000%  | 100.0000000%  | 74.0969634%    |

 
| **II.** | **RECONCILIATION OF SPREAD ACCOUNT:**                                  |    |        |
|---------|------------------------------------------------------------------------|---------|-------------|
|    |                                                                   |    |        |
| **{6}** | Preliminary  End of period Spread Account balance                      | **{6}** | $37,757,632 |
|    |                                                                   |    |        |
| **{7}** | Priority  First - Deficiency Claim Amount from preliminary certificate | **{7}** | 0           |
|    |                                                                   |    |        |
| **{8}** | End  of period Spread Account balance                                  | **{8}** | $37,757,632 |

 
| **III.** | **MONTHLY PERIOD  AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION:** |     |           |        |
|----------|-----------------------------------------------------------------------|----------|----------------|-------------|
|     |                                                                  |     |           |        |
|     |                                                                  |     | **Cumulative** | **Monthly** |
| **{9}**  | Original  Number of Receivables                                       | **{9}**  | 48,262         |        |
| **{10}** | Beginning  of period number of Receivables                            | **{10}** | 0              | 88,724      |
| **{11}** | Number  of Subsequent Receivables Purchased                           | **{11}** | 53,140         | 0           |
| **{12}** | Number  of Receivables becoming Liquidated Receivables during period  | **{12}** | 4,936          | 963         |
| **{13}** | Number  of Receivables becoming Purchased Receivables during period   | **{13}** | 0              | 0           |
| **{14}** | Number  of Receivables paid off during period                         | **{14}** | 9,836          | 1,131       |
| **{15}** | End  of period number of Receivables                                  | **{15}** | 86,630         | 86,630      |

 
| **IV.**  | **STATISTICAL DATA:   (CURRENT AND HISTORICAL)** |     |         |            |        |
|----------|-------------------------------------------------------|----------|--------------|-----------------|-------------|
|     |                                                  |     |         |            |        |
|     |                                                  |     | **Original** | **Prev. Month** | **Current** |
| **{16}** | Weighted  Average APR of the Receivables              | **{16}** | 17.57%       | 17.54%          | 17.53%      |
| **{17}** | Weighted  Average Remaining Term of the Receivables   | **{17}** | 63.00        | 53.96           | 53.10       |
| **{18}** | Weighted  Average Original Term of Receivables        | **{18}** | 64.00        | 64.00           | 64.00       |
| **{19}** | Average  Receivable Balance                           | **{19}** | $15,779      | $14,646         | $14,528     |
| **{20}** | Aggregate  Realized Losses                            | **{20}** | $0           | $36,821,429     | $45,696,839 |

 
| **V.** | **DELINQUENCY:******                      |                                                                              |      |        |           |
|--------|------------------------------------------------|-----------------------------------------------------------------------------------|-----------|-------------|----------------|
|   |                                           |                                                                              |      |        |           |
|   | Receivables  with Scheduled Payment delinquent |                                                                              | **Units** | **Dollars** | **Percentage** |
|   | **{21}**                                       | 31-60  days                                                                       | **{21}**  | 8,228       | $118,786,614   | 9.14% |
|   | **{22}**                                       | 61-90  days                                                                       | **{22}**  | 2,108       | 29,647,663     | 2.28% |
|   | **{23}**                                       | over  90 days                                                                     | **{23}**  | 1,034       | 14,733,940     | 1.13% |
|   | **{24}**                                       | Receivables  with Scheduled Payment delinquent more than 30 days at end of period | **{24}**  | 11,370      | $163,168,217   | 12.55% |

 

4

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| **VI.** | **PERFORMANCE TESTS:******        |                                                                                             |       |          |
|---------|----------------------------------------|--------------------------------------------------------------------------------------------------|------------|---------------|
|    |                                   |                                                                                             |       |          |   |
|    | **Delinquency Ratio******         | ** **                                                                                       |       |          |
|    | **{25}**                               | Receivables  with Scheduled Payment delinquent more than 60 days at end of period ({22} +  {23}) | **{25}**   | $44,381,603   |   |
|    | **{26}**                               | Purchased  Receivables with Scheduled Payment delinquent more than 60 days at end of  period     | **{26}**   |          |   |
|    | **{27}**                               | Beginning  of period Principal Balance                                                           | **{27}**   | 1,299,415,682 |   |
|    | **{28}**                               | Delinquency  Ratio {25} + {26} divided by {27}                                                   | **{28}**   |          | 3.41% |
|    | **{29}**                               | Previous  Monthly Period Delinquency Ratio                                                       | **{29}**   |          | 3.20% |
|    | **{30}**                               | Second  previous Monthly Period Delinquency Ratio                                                | **{30}**   |          | 3.11% |
|    |                                   |                                                                                             |       |          |   |
|    | **{31}**                               | Average  Delinquency Ratio ({28} + {29} + {30}) / 3                                              | **{31}**   |          | 3.24% |
|    |                                   |                                                                                             |       |          |   |
|    | **{32}**                               | Compliance  (Delinquency Test Failure is a Delinquency Ratio equal to or greater than 6.00%.)    | **{32}**   |          | yes |
|    |                                   |                                                                                             | ** ** |          |   |
|    |                                   |                                                                                             |       |          |   |
|    | **Cumulative Default Rate******   | ** **                                                                                       |       |          |
|    | **{33}**                               | Defaulted  Receivables in Current Period                                                         | **{33}**   | $13,839,838   |   |
|    | **{34}**                               | Cumulative  Defaulted Receivables from last month                                                | **{34}**   | 87,011,811    |   |
|    | **{35}**                               | Cumulative  Defaulted Receivables {33} + {34}                                                    | **{35}**   | 100,851,649   |   |
|    | **{36}**                               | Original  Pool Balance                                                                           | **{36}**   | 1,599,999,652 |   |
|    | **{37}**                               | Cumulative  Default Rate {35} divided by {36}                                                    | **{37}**   |          | 6.30% |
|    |                                   |                                                                                             |       |          |   |
|    | **{38}**                               | Compliance  (Default Test Failure is a Cumulative Default Rate equal to or greater than 10.85%.) | **{38}**   |          | yes |
|    |                                   |                                                                                             | ** ** |          |   |
|    |                                   |                                                                                             |       |          |   |
|    | **Cumulative Net Loss Rate******  | ** **                                                                                       |       |          |
|    | **{39}**                               | Receivables  becoming Liquidated Receivables during period                                       | **{39}**   | $13,325,828   |   |
|    | **{40}**                               | Purchased  Receivables with Scheduled Payment delinquent more than 30 days at end of period      | **{40}**   |          |   |
|    | **{41}**                               | Liquidation  Proceeds collected during period                                                    | **{41}**   | (4,450,418)   |   |
|    | **{42}**                               | Net  Losses during period {39} + {40} + {41}                                                     | **{42}**   | 8,875,410     |   |
|    | **{43}**                               | Net  Losses since Initial Cut-off Date (Beginning of Period)                                     | **{43}**   | 36,821,429    |   |
|    | **{44}**                               | **Cumulative Net Loss Rate before 50% of 90 Day Delinquencies  ({42} + {43}) / {46}**            | **{44}**   |          | **2.86%** |
|    | **{45}**                               | 50%  of Receivables with Scheduled Payment delinquent more than 90 days at end of  period        | **{45}**   | 15,427,976    |   |
|    | **{46}**                               | Original  Aggregate Principal Balance plus Pre-Funded Amount as of the Closing Date              | **{46}**   | 1,600,000,000 |   |
|    | **{47}**                               | Cumulative  Net Loss Rate ({42} + {43} + {45}) / {46}                                            | **{47}**   |          | 3.82% |
|    |                                   |                                                                                             |       |          |   |
|    | **{48}**                               | Compliance  (Net Loss Test Failure is a Net Loss Rate equal to or greater than 6.17%.)           | **{48}**   |          | yes |
|    |                                   | ** **                                                                                       | ** ** |          |   |
|    |                                   |                                                                                             |       |          |   |
|    | **Extension Rate******            | ** **                                                                                       |       |          |
|    | **{49}**                               | Principal  Balance of Receivables extended during current period                                 | **{49}**   | $38,558,921   |   |
|    | **{50}**                               | Beginning  of Period Aggregate Principal Balance                                                 | **{50}**   | 1,299,415,682 |   |
|    | **{51}**                               | Extension  Rate {49} divided by {50}                                                             | **{51}**   |          | 2.97% |
|    | **{52}**                               | Previous  Monthly Extension Rate                                                                 | **{52}**   |          | 2.76% |
|    | **{53}**                               | Second  previous Monthly Extension Rate                                                          | **{53}**   |          | 3.43% |
|    |                                   |                                                                                             |       |          |   |
|    | **{54}**                               | Average  Extension Rate ({51} +{52} +{53}) / 3                                                   | **{54}**   |          | 3.05% |
|    |                                   |                                                                                             |       |          |   |
|    | **{55}**                               | Compliance  (Extension Test Failure is an Extension Rate equal to or greater than  4%.)     | **{55}**   |          | yes |
|    |                                   |                                                                                             |       |          |   |
|         |                                        |                                                                                                  |            |               |  |  |

 

 
| By:    | /s/ Connie Coffey                          |
|--------|--------------------------------------------|
| Name:  | Connie Coffey                              |
| Title: | Senior Vice President, Treasury  Reporting |
| Date:  | January  2, 2003                           |

 

5

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