##### 



Exhibit 99.1

Aggregate Annual Servicing Report
Superior Wholesale Inventory Financing Trust IX
May 19, 2004 (inception) through December 31, 2004

I**Initial
            SWIFT IX Series 2004-A Statistics**Trust Cap
    
    $
    4,124,000,000.00Pool Balance at Sale Date
    
    $
    5,121,524,369.56Initial Trust Balance
    
    $
    4,124,000,000.00Offered Term Note 2004-A
    
    $
    2,000,000,000.00Initial Revolving Note Balance
    
    $
    2,000,000,000.00Certificate Balance
    
    $
    124,000,000.00Reserve Fund
    
    $
    247,440,000.00Cash Accumulation Reserve-Notes
    
    $
    10,051,000.00Cash Accumulation Reserve-Certificates
    
    $
    1,336,000.00II**Current
            Collection Period Statistics**Pool and Trust StatisticsBeginning Pool Balance
    
    $
    5,084,064,856.57New A/R Principal
    
    $
    13,968,264,787.89Principal Reductions
    
    $
    (11,526,464,221.48
    )Factory Credits/Warranty Repurchases
    
    $
    (2,645,919,572.84
    )Partial Pay-Off Account
    
    $
    (332,102,014.53
    )Administrative Repurchases
    
    
    Warranty Repurchases
    
    
    Eligible Accounts Repurchased
    
    
    Defaulted Receivables
    
    
    Net Change in Pool Balance
    
    $
    (536,221,020.96
    )Ending Pool Balance
    
    $
    4,547,843,835.61Average Daily Pool Balance
    
    $
    4,236,944,836.11Beginning Trust Balance
    
    $
    4,124,000,000.00Ending Trust Balance
    
    $
    4,124,000,000.00Average Daily Trust Balance
    
    $
    3,887,636,989.88Beginning Cash Accumulation Reserve Fund Account-2004 Term Notes
    
    $
    10,051,000.00Ending Cash Accumulation Reserve Fund Account-2004 Term Notes
    
    $
    8,634,791.86Change in Cash Accumulation Reserve Fund Account-2004 Term Notes
    
    $
    1,416,208.14Beginning Cash Accumulation Reserve Fund Account-Certificates
    
    $
    1,336,000.00Ending Cash Accumulation Reserve Fund Account-Certificates
    
    $
    1,147,193.73Change in Cash Accumulation Reserve Fund Account-Certificates
    
    $
    188,806.27Excess Available Receivable Balance
    
    $
    75,475,687.55Defaulted Receivables  Eligible
    
    
    Defaulted Receivables  Ineligible
    
    
    Gross Weighted Average Receivable Rate
    
    
    4.12
    %Weighted Average Cost of Wholesale Incentive Plan
    
    
    0.09
    %**Securities Balances**Beginning Offered Term Note 2004-A Balance
    
    $
    2,000,000,000.00Ending Offered Term Note 2004-A Balance
    
    $
    2,000,000,000.00Average Daily Offered Term Note 2004-A Balance
    
    $
    2,000,000,000.00Beginning Revolving Note RN -1 Balance
    
    $
    1,000,000,000.00Ending Revolving Note RN-1 Balance
    
    $
    1,000,000,000.00Average Daily Revolving Note RN-1 Balance
    
    $
    763,636,989.88Beginning Revolving Note RN -2 Balance
    
    $
    1,000,000,000.00Ending Revolving Note RN-2 Balance
    
    $
    1,000,000,000.00Average Daily Revolving Note RN-2 Balance
    
    $
    1,000,000,000.00Beginning Certificate Balance
    
    $
    124,000,000.00Ending Certificate Balance
    
    $
    124,000,000.00Average Daily Certificate Balance
    
    $
    124,000,000.00III**Trust
            Percentage & Trust Interest Collections**Average Offered 2004 Term Note Balance
    
    $
    2,000,000,000.00Average Daily Revolving 2004 RN -1 Balance
    
    $
    763,636,989.88Average Daily Revolving 2004 RN -2 Balance
    
    $
    1,000,000,000.00Average Certificate Balance
    
    $
    124,000,000.00Average Daily Trust Balance
    
    $
    3,887,636,989.88Average Daily Pool Balance
    
    $
    4,236,944,836.11Total Interest Collected
    
    $
    117,965,733.95Trust Percentage
    
    
    91.7557
    %




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##### 



Beginning
    
    
    
    
    
    
    
    
    
    
    EndingNote Distribution
    
    
    Current Month
    
    
    Required
    
    
    Note DistributionIV Distribution of Trust Interest
    
    
    
    
    
    Account Balance
    
    
    Actual Amounts
    
    
    Distribution
    
    
    Account BalanceAvailable Trust Interest:Trust Interest Collections
    
    
    
    
    
    
    
    
    
    $
    48,478,317.86Minimum Investment Proceeds (Commercial Paper)
    
    
    
    
    
    
    
    
    
    $
    1,890,608.38Minimum Investment Proceeds (Money Market Funds)
    
    
    
    
    
    
    
    
    
    $
    657,173.35$
    51,026,099.592004 Term Note InterestInterest Rate (LIBOR+.05%)
    
    
    1.749
    %Average Daily Balance
    
    $
    2,000,000,000.00
    
    
    
    N/A
    
    
    $
    23,704,305.56
    
    
    $
    23,704,305.56
    
    
    
    N/A# of Days of Interest
    
    
    2442004 Revolving Note RN-1Interest Rate (LIBOR+.07%)
    
    
    1.681
    %Average Daily Balance
    
    $
    763,636,989.88
    
    
    
    N/A
    
    
    $
    8,095,922.14
    
    
    $
    8,095,922.14
    
    
    
    N/A# of Days of Interest
    
    
    2272004 Revolving Note RN-2Interest Rate (LIBOR+.07%)
    
    
    1.713
    %Average Daily Balance
    
    $
    1,000,000,000.00
    
    
    
    N/A
    
    
    $
    10,800,507.77
    
    
    $
    10,800,507.77
    
    
    
    N/A# of Days in Collection Period
Subtotal
    
    
    227$
    42,600,735.47Interest Available After Notes
    
    
    
    
    
    
    
    
    
    $
    8,425,364.12Servicer Advances Not Previously Reimbursed
    
    
    
    
    
    
    
    
    
    $
    Reserve Fund Deposit Amount
    
    
    
    
    
    
    
    
    
    $
    Cash Accumulation Reserve Fund Deposit Amount
    
    
    
    
    
    
    
    
    
    $
    Certificate InterestInterest Rate (LIBOR+.25%)
    
    
    1.949
    
    
    
    
    
    
    $
    1,637,755.83
    
    
    $
    1,637,755.83
    
    
    
    N/AAverage Daily Balance
    
    $
    124,000,000.00# of Days of Interest
Trust Defaulted Amount
    
    
    244
    
    
    
    
    
    
    $
    Unreimbursed Trust Charge-Offs
    
    
    
    
    
    
    
    
    
    $
    Seller Excess Interest
    
    
    
    
    
    
    
    
    
    $
    6,787,608.29Cash Accumulation Reserve Fund Draw Amount- 2004 Term Note
    
    
    
    
    
    
    
    
    
    $
    1,700,226.94Cash Accumulation Reserve Fund Draw Amount- Certificates
    
    
    
    
    
    
    
    
    
    $
    226,540.20Seller Excess Interest + Draw Amount
    
    
    
    
    
    
    
    
    
    $
    8,714,375.43Monthly Service Fee (1/12 of 1% of Average Daily Trust Invested Balance)
    
    
    
    
    
    
    
    
    
    $
    24,035,116.75




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##### 



V Summary(A) Coverage of Deficiency AmountDeficiency Amount
    
    $
    Deficiency Amount Covered by Servicer Advance
    
    
    (a) Monthly Service Fee
    
    
    (b) (1) Aggregate Term Noteholders Interest
    
    
    (2) Revolver Interest
    
    
    (3) Specified Support Arrangements Payments
    
    
    (c) Aggregate Certificateholders Interest
    
    
    Unsatisfied Deficiency Amount
    
    
    Unsatisfied Deficiency Amount Covered by Reserve
    
    
    (a) Monthly Service Fee
    
    
    (b) (1) Aggregate Term Noteholders Interest
    
    
    (2) Revolver Interest
    
    
    (3) Specified Support Arrangements Payments
    
    
    (c) Aggregate Certificateholders Interest
    
    
    (d) Servicer Advances not previously reimbursed
    
    
    (e) Trust Defaulted Amount
    
    
    (B) Beginning Unreimbursed Trust Charge-Offs
    
    
    Plus: Trust Charge-Offs (Prior Trust Defaulted Amount)
    
    
    Plus: Trust Defaulted Amounts(Current)
    
    
    Less: Amount Covered by Trust Interest Collections
    
    
    Less: Reserve Fund Draw Amount
    
    
    Ending Unreimbursed Trust Charge-Offs
    
    $
    (C) Beginning Unreimbursed Servicer Advance
    
    
    Plus: Servicer Advance (Current Month)
    
    
    Less: Reimbursed Servicer Advance(From Trust Interest Collections)
    
    
    Ending Unreimbursed Servicer Advance
    
    $
    (D) Reserve Fund Required Amount
    
    $
    247,440,000.00Beginning Reserve Balance
    
    
    Plus: Reserve Fund Deposit Amount
    
    $
    247,440,000.00Less: Reserve Fund Draw Amount
    
    
    Ending Reserve Balance
    
    $
    247,440,000.00
    
    
    Invested in Nations Money Market
Funds/Commercial PaperRequired Amount Over Ending Reserve Balance
    
    
    (E) Cash Accumulation Reserve Fund Required Amount
    
    $
    8,350,773.06Beginning Cash Accumulation Reserve Fund Balance
    
    
    Plus: Cash Accumulation Reserve Fund Deposit Amount
    
    $
    10,051,000.00Less: Cash Accumulation Reserve Fund Draw Amount
    
    $
    1,700,226.94Ending Cash Accumulation Reserve Fund Balance
    
    $
    8,350,773.06
    
    
    Invested in Nations Money Market
Funds/Commercial PaperRequired Amt. Over Ending Cash Accum. Reserve Fund Bal.
    
    
    (F) Cash Accumulation Reserve Fund Required Amount
    
    $
    1,109,459.80Beginning Cash Accumulation Reserve Fund Balance
    
    
    Plus: Cash Accumulation Reserve Fund Deposit Amount
    
    $
    1,336,000.00Less: Cash Accumulation Reserve Fund Draw Amount
    
    $
    226,540.20Ending Cash Accumulation Reserve Fund Balance
    
    $
    1,109,459.80
    
    
    Invested in Nations Money Market
Funds/Commercial PaperRequired Amt. Over Ending Cash Accum. Reserve Fund Bal.
    
    $
    
 From Bank of New York to GMACSeller Excess Interest
    
    $
    6,787,608.29Cash
Accumulation Draw Amount  2004 Term Note
    
    
    1,700,226.94Cash
Accumulation Draw Amount  Certificates
    
    
    226,540.20Ineligible Interest
    
    
    Additional Trust Principal
    
    
    Minimum Investments Received for 2004
    
    
    (657,173.35
    )Distribution to GMAC
    
    $
    8,057,202.08
 From Bank of New York to Chase Manhattan Bank (USA)From Chase Manhattan Bank (USA) - New York to GMACCertificate Interest Due GMAC
    
    $
    16,377.56
 From Bank of New York to Chase Manhattan Bank (USA)From Chase Manhattan Bank (USA)  New York to DTCCertificate Interest Due Investors
    
    $
    1,621,378.27
 From Bank of New York to US Bank (NCAT)Revolving Note Interest
    
    $
    18,896,429.91
 From Bank of New York to Term Note Holders (DTC)Term Note Interest
    
    $
    23,704,305.56Total Disbursements From Bank of New York
    
    $
    52,295,693.38




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##### 



Aggregate Annual Servicing Report
Superior Wholesale Inventory Financing Trust IX
May 19, 2004 (inception) through December 31, 2004

VI Distribution Amounts2004-A Term Note Balance Prior to Distribution
    
    $
    2,000,000,000.00Distribution Amount Allocable to Principal
    
    
    2004-A Term Note Balance After Distribution
    
    $
    2,000,000,000.002004 Revolving Note RN -1 Balance Beginning of Collection Period
    
    $
    1,000,000,000.00Movement During Collection Period
    
    
    2004 Revolving Note RN-1 Balance End of Collection Period
    
    $
    1,000,000,000.002004 Revolving Note RN -2 Balance Beginning of Collection Period
    
    $
    1,000,000,000.00Movement During Collection Period
    
    
    2004 Revolving Note RN-2 Balance End of Collection Period
    
    $
    1,000,000,000.00Certificate Balance Prior to Distribution
    
    $
    124,000,000.00Distribution Amount Allocable to Principal
    
    
    Certificate Balance After Distribution
    
    $
    124,000,000.00VII Trust Early Amortization Triggers(1) Average Monthly Payment Rates<25%
Current month
    
    
    30.7
    %Current month - 1
    
    
    27.3
    %Current month - 2
    
    
    36.3
    %Three month Average
    
    
    31.4
    %(2) Reserve Fund < Reserve Fund Required AmountReserve Fund on Deposit
    
    $
    247,440,000.00Reserve Fund Required Amount
    
    $
    247,440,000.00Current month
    
    $
    Reserve Fund on Deposit
    
    $
    247,440,000.00Reserve Fund Required Amount
    
    $
    247,440,000.00Current month - 1
    
    $
    Reserve Fund on Deposit
    
    $
    247,440,000.00Reserve Fund Required Amount
    
    $
    247,440,000.00Current month - 2
    
    $
    (3) Reserve Fund Required Amount Exceeds Reserve Fund by > Reserve Fund Trigger AmountReserve Fund Required Amount
    
    $
    247,440,000.00Reserve Fund on Deposit
    
    $
    247,440,000.00Current month
    
    $
    Reserve Fund Trigger Amount
    
    $
    20,000,000.00(4) Used Trust Receivables/Daily Trust Balance > 20%Used Trust Receivables
    
    $
    105,808,534.72Month-End Daily Trust Balance
    
    $
    4,124,000,000.00Current month
    
    
    2.6
    %(5) Average Daily Trust Balance/(Average Term Notes + Average Certificate Balance)
Less than 75%
(To be determined over most recent six Collection Periods)Current month
    
    
    190.6
    %Current month - 1
    
    
    180.8
    %Current month - 2
    
    
    170.9
    %Current month - 3
    
    
    171.8
    %Current month - 4
    
    
    175.6
    %Current month - 5
    
    
    192.7
    %Six month Average
    
    
    180.4
    %(6) Aggregate Available Receivables < 70% of Aggregate Receivables
Current month
    
    
    94.9
    %Current month - 1
    
    
    94.8
    %VIII Cash Accumulation TriggersHave any of the above Trust Early Amortization Events occurred with respect
to the Offered Term Notes?
    
    NOIX Rapid Amortization TriggersHave any of the following events occurred which would constitute a Rapid Amortization Event
for the 2004 Term Notes and an Early Amortization Event for the Trust?(1) The occurrence of certain events of bankruptcy, insolvency or receivership relating to
any of General Motors, the Servicer or the Seller
    
    NORapid Amortization Triggers for 2004 Term Notes(2) Term Note Cash Accumulation Reserve Fund < $291,667
    
    NOCurrent Month
    
    $
    8,634,791.86(3) Certificate Cash Accumulation Reserve Fund < $38,750
    
    NOCurrent Month
    
    $
    1,147,193.73(4) Trust or Seller becomes required to register as an investment company
    
    NO