10-K/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K/A
Amendment No. 1

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2002 Commission File No. 333-99199

Volkswagen Auto Lease Trust 2002-A
(Issuer with respect to the Notes)

Volkswagen Auto Lease Underwritten Funding, LLC
(Originator of the Note Issuer and Transferor of Transaction SUBI Certificate to the Note Issuer)
(Exact name of registrant as specified in its charter)

VW Credit Leasing, LTD
(Issuer with respect to the Transaction SUBI Certificate)

State of Delaware	11-365048-3
	38-6738618
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)
3800 Hamlin Road	48326
Auburn Hills, Michigan	(Zip Code)
(Address of principal executive offices)

(248) 754-5000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   o No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act). Yes o   No 

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. None

TABLE OF CONTENTS

302 Certification

Annual Statement as to Compliance of the Servicer

Report on the activities of VW Credit

Annual Aggregate Servicer Statement

FORM 10-K

PART 1

Item 1. Business.

This Annual Report on Form 10-K (the “Report”) is filed with respect to Volkswagen Auto Lease Trust 2002-A (the “Trust”), a common law trust formed pursuant to a Trust Agreement, dated as of November 14, 2002 (the “Trust Agreement”), between Volkswagen Auto Lease Underwritten Funding, LLC (the “Transferor”) and U.S. Bank Trust National Association, as owner trustee (the “Owner Trustee”). The Trust issued $1,500,000,000 in aggregate principal amount of asset-backed notes, Classes A-1, A-2, A-3 and A-4 (the “Notes”) pursuant to an Indenture, dated as of November 14, 2002 (the “Indenture”), between the Trust and The Bank of New York, as indenture trustee (the “Indenture Trustee”). Certain information otherwise required to be included in this Report by the Instructions to Form 10-K has been omitted in reliance on the letter relief granted by the staff of the SEC to other companies in similar circumstances (collectively, the “Relief Letters”).

Item 2. Properties.

The assets of the Trust include the Transaction SUBI, which is a beneficial interest in VW Credit Leasing, Ltd. (the “Origination Trust”), which represents rights in a pool of closed-end retail lease contracts and the related leased vehicles. The Origination Trust is a statutory trust formed under the laws of the State of Delaware pursuant to a Trust Agreement dated as of June 2, 1999 among VW Credit, Inc., as settlor and initial beneficiary, U.S. Bank National Association, as UTI trustee and administrative trustee, and Wilmington Trust Company, as Delaware trustee.

The following tables set forth the number and aggregate principal amount of delinquent and defaulted SUBI contracts, the delinquency rates, and aggregate net losses on the SUBI contracts of the Volkswagen Auto Lease Trust 2002-A as of December 31, 2002:

1.	Delinquent Contracts:	Contracts		Amount ($000’s)
	a. 31 - 60 Days Delinquent		481		9,321
	b. 61 - 90 Days Delinquent		67		1,366
	c. 91 Days of More Delinquent		29		607
2.	Delinquency Ratio:			Amount ($000’s)
	a. Delinquent Balance				11,294
	b. Total Pool Balance				1,550,311
	c. Delinquency Ratio				0.75	%
3.	Defaulted Contracts:	Contracts		Amount ($000’s)
	a. For the Year Ended December 31, 2002		67		1,363
4.	Aggregate Net Losses:			Amount ($000’s)
	a. Cumulative Net Losses				0
	b. Original Portfolio				1,630,435
	c. Aggregate Loss Ratio				0.0	%

Item 3. Legal Proceedings.

There were no material legal proceedings involving the Trust or the Origination Trust, or to the extent relating to the Trust or the Origination Trust, the Transferor, the Indenture Trustee, VW Credit, Inc., as servicer (the “Servicer”) or the Owner Trustee, which were pending at December 31, 2002, or as of the date of this report.

Item 4. Submission of Matters To A Vote Of Security Holders.

No votes or consents of Noteholders were solicited during fiscal year 2002 for any purpose.

PART II

Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters.

(a)	To the best knowledge of the registrant, there is no established public trading market for the Notes.
(b)	On December 31, 2002, there were less than 300 holders of record of each Class of Notes.

Since the Registrant pays no dividends with respect to the Notes, the information required by Item 201 of Regulation S-K regarding dividends is inapplicable to the Registrant. See Item 15 for information with respect to distributions to Noteholders.

Item 6. Selected Financial Data.

Not applicable in reliance on the Relief Letters.

Item 7. Management’s Discussion And Analysis Of Financial Condition And Results Of Operation.

Not applicable in reliance on the Relief Letters.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Not applicable in reliance on the Relief Letters.

Item 8. Financial Statements and Supplementary Data.

Not applicable in reliance on the Relief Letters.

Item 9. Changes in and Disagreements On Accounting And Financial Disclosure.

There was no change of accountants or disagreement with accountants on any matter of accounting principals or practices or financial disclosure.

PART III

Item 10. Directors and Officers of the Registrant.

Not applicable in reliance on the Relief Letters.

Item 11. Executive Compensation.

Not applicable.

Item 12. Security Ownership Of Certain Beneficial Owners And Management.

The Transferor owns 100% of the Certificates issued by the Trust. While some noteholder’s positions in the Trust exceeded 5% of the outstanding principal balance of the Notes, such securities do not constitute voting securities within the meaning of Item 403 of Regulation S-K.

Item 13. Certain Relationships And Related Transactions.

None.

Item 14. Controls and Procedures.

Not applicable.

PART IV

Item 15. Exhibits, Financial Statement Schedules, And Reports On Form 8-K.

(a)		(1	)	Not applicable.
		(2	)	Not applicable.
		(3	)	The exhibits filed in response to Item 601 of Regulation S-K are listed in the Exhibit Index.
(b)	Current Reports on Forms 8-K during the year ending December 31, 2002:

Date	Items Reported
December 20, 2002	Monthly Servicer’s Report*
January 21, 2003	Monthly Servicer’s Report*
*Incorporated by reference.

(c)	See 15(a)(3) above.
(d)	Not applicable. See the Relief Letters.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

September 30, 2003

VOLKSWAGEN AUTO LEASE UNDERWRITTEN FUNDING, LLC
By:	VW CREDIT, INC., as Servicer
By:	/s/ Timothy J. Flaherty
	Name: Timothy J. Flaherty
	Title: Assistant Treasurer
VOLKSWAGEN AUTO LEASE TRUST 2002-A
By:	VW CREDIT, INC., as Servicer
By:	/s/ Timothy J. Flaherty
	Name: Timothy J. Flaherty
	Title: Assistant Treasurer
VW CREDIT LEASING, LTD
By:	VW CREDIT, INC., as Servicer
By:	/s/ Timothy J. Flaherty
	Name: Timothy J. Flaherty
	Title: Assistant Treasurer

EXHIBIT INDEX

Exhibit 1.1: Form of Underwriting Agreement among the Transferor, VW Credit, Inc. (“VW Credit”), and J.P. Morgan Securities, Inc., as representative of the underwriters (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 3.1: Certificate of Formation of Transferor dated as of August 8, 2002 (Filed as an Exhibit to Registration Statement on Form S-1 (File No. 333-99199) dated September 5, 2002).*

Exhibit 3.2: Limited Liability Company Agreement of the Transferor dated as of August 9, 2002 (Filed as an Exhibit to Registration Statement on Form S-1 (File No. 333-99199) dated September 5, 2002).*

Exhibit 4.1: Form of Indenture between the Trust and the Bank of New York, as indenture trustee (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 10.1: Trust Agreement dated as of June 2, 1999 among VW Credit, U.S. Bank National Association and Wilmington Trust Company (Filed as an Exhibit to Registration Statement on Form S-1 (File No. 333-99199) dated September 5, 2002).*

Exhibit 10.2: Form of Supplement 2002-A to Trust Agreement between VW Credit and U.S. Bank National Association (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 10.3: Amended and Restated Servicing Agreement dated as of December 21, 2000 between the Origination Trust and VW Credit, as servicer (Filed as an Exhibit to Registration Statement on Form S-1 (File No. 333-99199) dated September 5, 2002).*

Exhibit 10.4: Form of Supplement 2002-A to Servicing Agreement among the Origination Trust, VW Credit and U.S. Bank National Association (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 10.5: Form of SUBI Sale Agreement between VW Credit and the Transferor (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 10.6: Form of SUBI Transfer Agreement between the Transferor and the Trust (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 10.7: Form of Trust Agreement between the Transferor and U.S. Bank Trust National Association (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 10.8: Form of Administration Agreement among the Trust, VW Credit and The Bank of New York, as indenture trustee (filed as an Exhibit to Amendment No. 2 to Registration Statement on Form S-1 (File No. 33-99199) dated October 31, 2002).*

Exhibit 31: Certification Pursuant to Section 302(A) of the Sarbanes-Oxley Act of 2002.

Exhibit 99.1: Annual Statement as to Compliance of the Servicer for the year ended December 31, 2002.

Exhibit 99.2: Report on the activities of VW Credit, Inc., as Servicer, prepared by PricewaterhouseCoopers L.L.P.

Exhibit 99.3: Annual Aggregate Servicer Statement containing information relating to the Receivables and the Accounts for the Collection Periods from and including November 2002 through December 2002 are incorporated by reference from the registrant’s Current Reports on Form 8-K filed with the Commission on December 20, 2002, and January 21, 2003, respectively.

*Incorporated by reference.

EX-31 3 k79817exv31.htm 302 CERTIFICATION

Exhibit 31

CERTIFICATION PURSUANT TO
SECTION 302(A) OF THE SARBANES-OXLEY ACT OF 2002

I, Dennis Tack, certify that:

1.	I have reviewed this annual report on Form 10-K/A, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Volkswagen Auto Lease Trust 2002-A;
2.	Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3.	Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement for inclusion in these reports is included in these reports;
4.	I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and
5.	The reports disclose all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.

September 26, 2003

/s/ Dennis M. Tack
Name: Dennis M. Tack
Title: Controller, VW Credit, Inc.

EX-99.1 4 k79817exv99w1.htm ANNUAL STATEMENT AS TO COMPLIANCE OF THE SERVICER

EXHIBIT 99.1

ANNUAL OFFICER’S CERTIFICATE

VW CREDIT, INC.

VOLKSWAGEN AUTO LEASE TRUST 2002-A

          The undersigned, a duly authorized representative of VW Credit, Inc.(“VCI”), as Servicer, pursuant to the Transaction SUBI Supplement 2002-A to Servicing Agreement dated as of November 14, 2002 (as amended and supplemented, or otherwise modified and in effect from time to time, the “Transaction SUBI Servicing Supplement”), by and among VW CREDIT LEASING, LTD., VCI, as Servicer, and U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as SUBI Trustee, do hereby certify that:

1.	VCI is, as of the date hereof, the Servicer under the Transaction SUBI Servicing Supplement.
2.	The undersigned is an Authorized Officer of the Servicer.
3.	A review of the activities of the Servicer since the Closing Date through the end of the calendar year ended December 31, 2002 (the “Relevant Period”), and of its performance under the Servicing Agreement and the Transaction SUBI Servicing Supplement was conducted under my supervision.
4.	Based on such review, the Servicer has, to the best of my knowledge, performed in all material respects all of its obligations under the Servicing Agreement and the Transaction SUBI Servicing Supplement throughout such Relevant Period and no material default in the performance of such obligations has occurred or is continuing ..

Capitalized terms used but not defined herein are used as defined in the Transaction SUBI Servicing Supplement.

IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 27th day of March.

By:	/s/ Dennis Tack
	Name: Dennis Tack Title: Controller

EX-99.2 5 k79817exv99w2.htm REPORT ON THE ACTIVITIES OF VW CREDIT

Exhibit 99.2

Report of Independent Accountants

To the Board of Directors of VW Credit, Inc. and
The Bank of New York, Indenture Trustee:

Re: The Sale and Servicing Agreement (the “Agreement”) by and among VW Auto Lease Trust 2002-A, as Issuer, VW Auto Lease Unwritten Funding, LLC, as Transferor, and VW Credit, Inc., as Servicer, dated November 14, 2002

We have examined management’s assertion about VW Credit, Inc.’s  (the “Company”) compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers (“USAP”) as of and for the year ended December 31, 2002 included in the accompanying management assertion (see Exhibit I). As Program Step I., four relating to Escrow Accounts, Program Step III., two, three and four relating to Disbursements Made on Behalf of Investor, Tax, Insurance and Late Payment Penalties, Program Step V., two, three and four relating to Adjustable Rate Mortgages and Program Step VII., one relating to Fidelity Bond and Error and Omissions Policies are not applicable to the servicing obligations, we did not perform the related procedures. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance based on our examination.

Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the minimum servicing standards.

In our opinion, management’s assertion that the Company complied with the aforementioned minimum servicing standards, as applicable, as of and for the year ended December 31, 2002 is fairly stated, in all material respects.

/s/ PricewaterhouseCoopers LLP
September 5, 2003

Exhibit I

PricewaterhouseCoopers LLP
One North Wacker
Chicago, Illinois 60606

Re: The Sale and Servicing Agreement (the “Agreement”) by and among VW Auto Lease Trust 2002-A, as Issuer, VW Auto Lease Unwritten Funding, LLC, as Transferor, and VW Credit, Inc., as Servicer, dated November 14, 2002

Ladies and Gentlemen:

As of and for the year ended December 31, 2002, VW Credit, Inc.  (the “Company”) have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers (“USAP”) to the extent such procedures are applicable.

Sincerely,

/s/ Kevin Kelly

Kevin Kelly
President, VW Credit, Inc.

/s/ Frank Witter

Frank Witter,
Chief Financial Officer, VW Credit, Inc.

/s/ Dennis Tack

Dennis Tack
Controller, VW Credit, Inc.

EX-99.3 6 k79817exv99w3.htm ANNUAL AGGREGATE SERVICER STATEMENT

EXHIBIT 99.3

Volkswagen Auto Lease Trust 2002-A
SERVICER CERTIFICATE

For the Annual Collection Period ended December, 2002									November 20, 2002		December 20, 2002		Total
A. SUMMARY
		Beginning Balance		Ending Balance		Note Factor			Principal Payment		Principal Payment		Principal Payment
	Class A-1 Notes		240,000,000.00		159,876,468.35		0.6661520			55,865,466.34		24,258,065.31		80,123,531.65
	Class A-2 Notes		405,000,000.00		405,000,000.00		1.0000000			—		—		—
	Class A-3 Notes		545,000,000.00		545,000,000.00		1.0000000			—		—		—
	Class A-4 Notes		310,000,000.00		310,000,000.00		1.0000000			—		—		—
	Certificates		130,434,783.00		130,434,783.00		1.0000000			—		—		—
	Total	$	1,630,434,783.00	$	1,550,311,251.35				$	55,865,466.34	$	24,258,065.31	$	80,123,531.65
						Coupon Rate			Interest Payment		Interest Payment		Interest Payment
	Class A-1 Notes						1.3850	%		332,400.00		226,690.07		559,090.07
	Class A-2 Notes						1.7700	%		716,850.00		597,375.00		1,314,225.00
	Class A-3 Notes						2.3600	%		1,286,200.00		1,071,833.33		2,358,033.33
	Class A-4 Notes						2.7500	%		852,500.00		710,416.67		1,562,916.67
	Total									3,187,950.00		2,606,315.07		5,794,265.07
B. COLLECTIONS AND AVAILABLE FUNDS
	Lease Payments Received									57,497,660.36		24,241,315.83		81,738,976.19
	Sales Proceeds — Early Terminations									17,477,418.52		8,745,038.29		26,222,456.81
	Sales Proceeds — Scheduled Terminations									—		—		—
	Security Deposits for Terminated Accounts									61,900.00		33,425.00		95,325.00
	Excess Wear and Tear Received									—		—		—
	Excess Mileage Charges Received									—		—		—
	Other Recoveries Received									—		14,290.43		14,290.43
	Subtotal: Total Collections									75,036,978.88		33,034,069.55		108,071,048.43
	Repurchase Payments									—		—		—
	Postmaturity Term Extension									—		—		—
	Investment Earnings on Collection Account									—		—		—
	Total Available Funds, prior to Servicer Advances									75,036,978.88		33,034,069.55		108,071,048.43
	Servicer Advance									—		—		—
	Total Available Funds									75,036,978.88		33,034,069.55		108,071,048.43
C. DISTRIBUTIONS
	Payment Date Advance Reimbursement									—		—		—
	Servicing Fee:
	Servicing Fee Shortfall from Prior Periods									—		—		—
	Servicing Fee Due in Current Period									2,717,391.31		1,312,141.10		4,029,532.40
	Servicing Fee Shortfall									—		—		—
	Administration Fee
	Administration Fee Shortfall from Prior Periods									—		—		—
	Administration Fee Due in Current Period									5,000.00		5,000.00		10,000.00
	Administration Fee Shortfall									—		—		—
	Interest Paid to Noteholders									3,187,950.00		2,606,315.07		5,794,265.07
	Subtotal: Remaining Available Funds
	Principal Paid to Noteholders									55,865,466.34		24,258,065.31		80,123,531.65
	Amount Paid to Reserve Account to Reach Specified Balance									13,261,171.24		4,852,548.07		18,113,719.31
	Other Amounts paid to Trustees									—		—		—
	Remaining Available Funds									—		—		—
D. CALCULATIONS
	Calculation of Principal Distribution Amount: (Sum of)
	a) Targeted Principal Distributable Amount:
	For Current Units: Change in Securitization Value									38,837,342.82		16,007,337.83		54,844,680.64
	For Current Units: Change in Securitization Value for Advanced Payments									—		—		—
	For All Terminated Units: Securitization Value (Beg. of Collection Period)									17,028,123.52		8,250,727.48		25,278,851.00
	For Repurchases: Securitization Value (Beg. Of Collection Period)									—		—		—
	b) Principal Carryover Shortfall from Preceding Payment Date									—		—		—
	c) Additional Amounts to pay in full Notes on or after Final Scheduled Payment Date									—		—		—
	Principal Distribution Amount before Reserve Account Draw Amount									55,865,466.34		24,258,065.31		80,123,531.65
	Remaining Available Funds (Item 40)									69,126,637.58		29,110,613.38		98,237,250.96
	Available Funds Shortfall Amount (If Item 54 > 55, Item 54 less Item 55, else 0)									—		—		—
	Reserve Account Draw Amount (If Item 56 is > 0, Lesser of the Reserve Account Balance and Item 56)									—		—		—
	Principal Carryover Shortfall (If Item 56 > Item 57 less Item 57, else 0)									—		—		—
	Principal Distribution Amount (If Item 56 > 0, Item 57 plus Item 55, else Item 54)									55,865,466.34		24,258,065.31		80,123,531.65
	Calculation of Servicer Advance:

Volkswagen Auto Lease Trust 2002-A
SERVICER CERTIFICATE

For the Annual Collection Period ended December, 2002					November 20, 2002			December 20, 2002			Total
	Available Funds, prior to Servicer Advances (Item 27)					75,036,978.88			33,034,069.55
	Less: Payment Date Advance Reimbursement (Item 71)					—			—
	Less: Servicing Fees Paid (Items 32, 33 and 34)					2,717,391.31			1,312,141.10
	Less: Administration Fees Paid (Items 36, 37 and 38)					5,000.00			5,000.00
	Less: Interest Paid to Noteholders (Item 39)					3,187,950.00			2,606,315.07
	Equals: Remaining Available Funds before Servicer Advance (If < Item 54, Available Funds Shortfall)					69,126,637.58			29,110,613.38
	Monthly Lease Payments Due on Included Units but not received (N/A if Item 66 > Item 54)					N/A			N/A
	Servicer Advance (If Item 66 < Item 54, lesser of Item 66 and Item 67, else 0)					—			—			—
	Reconciliation of Servicer Advance:
	Beginning Balance of Servicer Advance					—			—			—
	Payment Date Advance Reimbursement					—			—			—
	Additional Payment Advances for current period					—			—			—
	Ending Balance of Payment Advance					—			—			—
E. RESERVE ACCOUNT
	Reserve Account Balances:
	Specified Reserve Account Balance					64,217,391.30			64,217,391.30			64,217,391.30
	Initial Reserve Account Balance					24,456,521.74			24,456,521.74			24,456,521.74
	Beginning Reserve Account Balance					24,456,521.74			37,733,825.66			24,456,521.74
	Plus: Net Investment Income for the Collection Period					16,132.68			33,427.29			49,559.97
	Subtotal: Reserve Fund Available for Distribution					24,472,654.42			37,767,252.95			24,506,081.71
	Plus: Deposit of Excess Available Funds					13,261,171.24			4,852,548.07			18,113,719.31
	Less: Reserve Account Draw Amount					—			—			—
	Subtotal Reserve Account Balance					37,733,825.66			42,619,801.02			42,619,801.02
	Less: Excess Reserve Account Funds to Transferor					—			—			—
	Equals: Ending Reserve Account Balance					37,733,825.66			42,619,801.02			42,619,801.02
	Current Period Net Residual Losses:
	Aggregate Securitization Value for Scheduled Terminated Units					—			—			—
	Less: Aggregate Sales Proceeds for Scheduled Terminated Units					—			—			—
	Less: Excess Wear and Tear Received					—			—			—
	Less: Excess Mileage Received					—			—			—
	Current Period Net Residual Losses/(Gains)					—			—			—
	Cumulative Net Residual Losses:
	Beginning Cumulative Net Residual Losses					—			—			—
	Current Period Net Residual Losses (Item 91)					—			—			—
	Ending Cumulative Net Residual Losses					—			—			—
	Cumulative Net Residual Losses/(Gains) % of Aggregate Initial Securitization Value					0.00	%		0.00	%		0.00	%
F. POOL STATISTICS		Initial			November 20, 2002			December 20, 2002
	Collateral Pool Balance Data
	Aggregate Securitization Value		1,630,434,784			1,574,569,318			1,550,311,252
	Number of Current Contracts		80,341			79,491			79,065
	Weighted Average Lease Rate		6.50	%		6.54	%		6.54	%
	Average Remaining Term		29.38			27.39			26.54
	Average Original Term		42.19			42.18			42.18
	Pool Balance (Securitization Value) — Beginning of Period					1,630,434,784			1,574,569,318			1,630,434,784
	Depreciation/Payments					(38,837,343	)		(16,007,338	)		(54,844,681	)
	Early Terminations					(17,028,124	)		(8,250,727	)		(25,278,851	)
	Scheduled Terminations					—			—			—
	Repurchase/Reallocation					—			—			—
	Pool Balance — End of Period					1,574,569,318			1,550,311,252			1,550,311,252
	Delinquencies Aging Profile — End of Period Securitization Value
	Current					1,566,099,206			1,539,017,474
	31 - 90 Days Delinquent					8,470,112			10,686,160
	90+ Days Delinquent					—			607,618
	Total					1,574,569,318			1,550,311,252

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