Pooling and Servicing Agreement

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AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

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Title: Pooling and Servicing Agreement
Date: 7/15/2005

Pooling and Servicing Agreement, Parties: american express credit account master trust

Exhibit 20

MONTHLY SERVICER'S CERTIFICATE

AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.

-------------------------------------------------

AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

--------------------------------------------------

The undersigned, a duly authorized representative of American Express Travel

Related Services Company, Inc., as Servicer ("TRS"), pursuant to the Pooling and

Servicing Agreement, dated as of May 16, 1996 (as amended and supplemented, the

"Agreement"), as supplemented by the Series Supplements (as amended and

supplemented, the "Series Supplements"), among TRS, as Servicer, American

Express Receivables Financing Corporation II, American Express Receivables

Financing Corporation III LLC and American Express Receivables Financing

Corporation IV LLC, as Transferors, and The Bank of New York, as Trustee, does

hereby certify as follows:

1. Capitalized terms used in this Certificate have their respective meanings

as set forth in the Agreement or the Series Supplements, as applicable.

2. TRS is, as of the date hereof, the Servicer under the Agreement.

3. The undersigned is a Servicing Officer.

4. This Certificate relates to the Distribution Date occurring on July 15,

2005 and covers activity from May 26, 2005 through June 24, 2005.

5. As of the date hereof, to the best knowledge of the undersigned, the

Servicer has performed in all material respects all its obligations under

the Agreement through the Monthly Period preceding such Distribution Date.

6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out

Event occurred on or prior to such Distribution date.

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this

Certificate this 12th day of July 2005.

AMERICAN EXPRESS TRAVEL RELATED

SERVICES COMPANY, INC., as Servicer

By: /s/ Susanne L. Miller

-------------------------------

Name: Susanne L. Miller

Title: Vice President

Treasury Controller

<PAGE>

I. Monthly Period Trust Activity

--------------------------------------------------------------------------------

A. Trust Activity Trust Totals

Number of days in period 30

Beginning Principal Receivable Balance 26,767,033,553.23

Special Funding Account Balance 0.00

Beginning Total Principal Balance 26,767,033,553.23

Finance Charge Collections (excluding 431,568,475.82

Recoveries)

Recoveries 20,269,038.73

Total Collections of Finance Charge Receivables 451,837,514.55

Total Collections of Principal Receivables 6,873,709,703.97

Monthly Payment Rate 25.6798%

Defaulted amount 97,200,737.56

Annualized Default Rate 4.3779%

Trust Portfolio Yield 16.1196%

New Principal Receivables 7,216,876,620.18

Ending Principal Receivables Balance 27,012,999,731.88

Ending Required Minimum Principal Balance 22,122,250,000.00

Ending Transferor Amount 6,337,999,731.88

Ending Special Funding Account Balance 0.00

Ending Total Principal Balance 27,012,999,731.88

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<PAGE>

<TABLE>

B. Series Allocations Series 2000-4 Series 2000-5 Series 2001-1 Series 2001-2

--------------------- ------------- ------------- ------------- -------------

Group Number 2 2 2 1

Invested Amount 1,212,122,000.00 787,878,000.00 750,000,000.00 250,000,000.00

Adjusted Invested Amount 1,212,122,000.00 787,878,000.00 750,000,000.00 250,000,000.00

Principal Funding Account Balance 0.00 0.00 0.00 0.00

Series Required Transferor Amount 84,848,540.00 55,151,460.00 52,500,000.00 17,500,000.00

Series Allocation Percentage 5.86% 3.81% 3.63% 1.21%

Series Alloc. Finance

Charge Collections 26,490,069.74 17,218,516.92 16,390,720.00 5,463,573.33

Series Allocable Recoveries 1,188,321.54 772,407.72 735,273.47 245,091.16

Series Alloc. Principal Collections 402,987,896.19 261,941,700.32 249,348,598.69 83,116,199.56

Series Allocable Defaulted Amount 5,698,628.90 3,704,102.67 3,526,024.34 1,175,341.45

B. Series Allocations Series 2001-3 Series 2001-4 Series 2001-5 Series 2001-6 Series 2001-7

--------------------- ------------- ------------- ------------- ------------- -------------

Group Number 2 2 2 2 2

Invested Amount 750,000,000.00 725,000,000.00 500,000,000.00 700,000,000.00 650,000,000.00

Adjusted Invested Amount 750,000,000.00 725,000,000.00 500,000,000.00 700,000,000.00 650,000,000.00

Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00

Series Required Transferor Amount 52,500,000.00 50,750,000.00 35,000,000.00 49,000,000.00 45,500,000.00

Series Allocation Percentage 3.63% 3.51% 2.42% 3.39% 3.14%

Series Alloc. Finance

Charge Collections 16,390,720.00 15,844,362.66 10,927,146.66 15,298,005.33 14,205,290.66

Series Allocable Recoveries 735,273.47 710,764.36 490,182.32 686,255.24 637,237.01

Series Alloc. Principal Collections 249,348,598.69 241,036,978.74 166,232,399.13 232,725,358.78 216,102,118.87

Series Allocable Defaulted Amount 3,526,024.34 3,408,490.19 2,350,682.89 3,290,956.05 3,055,887.76

B. Series Allocations Series 2002-1 Series 2002-2 Series 2002-3 Series 2002-4 Series 2002-5

--------------------- ------------- ------------- ------------- ------------- -------------

Group Number 2 2 2 2 2

Invested Amount 920,000,000.00 940,000,000.00 920,000,000.00 500,000,000.00 600,000,000.00

Adjusted Invested Amount 920,000,000.00 940,000,000.00 920,000,000.00 500,000,000.00 600,000,000.00

Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00

Series Required Transferor Amount 64,400,000.00 65,800,000.00 64,400,000.00 35,000,000.00 42,000,000.00

Series Allocation Percentage 4.45% 4.55% 4.45% 2.42% 2.90%

Series Alloc. Finance

Charge Collections 20,105,949.86 20,543,035.73 20,105,949.86 10,927,146.66 13,112,576.00

Series Allocable Recoveries 901,935.46 921,542.75 901,935.46 490,182.32 588,218.78

Series Alloc. Principal Collections 305,867,614.40 312,516,910.36 305,867,614.40 166,232,399.13 199,478,878.95

Series Allocable Defaulted Amount 4,325,256.52 4,419,283.84 4,325,256.52 2,350,682.89 2,820,819.47

B. Series Allocations Series 2002-6 Series 2003-1 Series 2003-2 Series 2003-3 Series 2003-4

--------------------- ------------- ------------- ------------- ------------- -------------

Group Number 2 2 2 2 1

Invested Amount 720,000,000.00 920,000,000.00 1,100,000,000.00 750,000,000.00 680,000,000.00

Adjusted Invested Amount 720,000,000.00 920,000,000.00 1,100,000,000.00 750,000,000.00 680,000,000.00

Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00

Series Required Transferor Amount 50,400,000.00 64,400,000.00 77,000,000.00 52,500,000.00 47,600,000.00

Series Allocation Percentage 3.48% 4.45% 5.32% 3.63% 3.29%

Series Alloc. Finance

Charge Collections 15,735,091.20 20,105,949.86 24,039,722.66 16,390,720.00 14,860,919.46

Series Allocable Recoveries 705,862.53 901,935.46 1,078,401.09 735,273.47 666,647.95

Series Alloc. Principal Collections 239,374,654.75 305,867,614.40 365,711,278.08 249,348,598.69 226,076,062.81

Series Allocable Defaulted Amount 3,384,983.36 4,325,256.52 5,171,502.36 3,526,024.34 3,196,928.73

B. Series Allocations Series 2004-1 Series 2004-2 Series 2004-3 Series 2004-4 Series 2004-5

--------------------- ------------- ------------- ------------- ------------- -------------

Group Number 2 2 1 2 2

Invested Amount 800,000,000.00 400,000,000.00 600,000,000.00 1,100,000,000.00 1,000,000,000.00

Adjusted Invested Amount 800,000,000.00 400,000,000.00 600,000,000.00 1,100,000,000.00 1,000,000,000.00

Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00

Series Required Transferor Amount 56,000,000.00 28,000,000.00 42,000,000.00 77,000,000.00 70,000,000.00

Series Allocation Percentage 3.87% 1.93% 2.90% 5.32% 4.84%

Series Alloc. Finance

Charge Collections 17,483,434.66 8,741,717.33 13,112,576.00 24,039,722.66 21,854,293.33

Series Allocable Recoveries 784,291.70 392,145.85 588,218.78 1,078,401.09 980,364.63

Series Alloc. Principal

Collections 265,971,838.61 132,985,919.30 199,478,878.95 365,711,278.08 332,464,798.26

Series Allocable

Defaulted Amount 3,761,092.63 1,880,546.31 2,820,819.47 5,171,502.36 4,701,365.78

</TABLE>

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<PAGE>

<TABLE>

B. Series Allocations Series 2005-1 Series 2005-2 Series 2005-3 Series 2005-4 Trust Total

--------------------- ------------- ------------- ------------- ------------- -----------

Group Number 2 2 2 2

Invested Amount 600,000,000.00 600,000,000.00 700,000,000.00 500,000,000.00 20,675,000,000.00

Adjusted Invested Amount 600,000,000.00 600,000,000.00 700,000,000.00 500,000,000.00 20,675,000,000.00

Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00

Series Required Transferor Amount 42,000,000.00 42,000,000.00 49,000,000.00 35,000,000.00 1,447,250,000.00

Series Allocation Percentage 2.90% 2.90% 3.39% 2.42% 100%

Series Alloc. Finance

Charge Collections 13,112,576.00 13,112,576.00 15,298,005.33 10,927,146.66 451,837,514.55

Series Allocable Recoveries 588,218.78 588,218.78 686,255.24 490,182.32 20,269,038.73

Series Alloc. Principal Collections 199,478,878.95 199,478,878.95 232,725,358.78 166,232,399.13 6,873,709,703.97

Series Allocable Defaulted Amount 2,820,819.47 2,820,819.47 3,290,956.05 2,350,682.89 97,200,737.56

C. Group Allocations

1. Group 1 Allocations Series 2001-2 Series 2003-4 Series 2004-3 Group 1 Total

---------------------- ------------- ------------- ------------- -------------

Invested Amount 250,000,000.00 680,000,000.00 600,000,000.00 1,530,000,000.00

Investor Finance

Charge Collections 4,220,093.29 11,478,653.74 10,128,223.89 25,826,970.92

Investor Monthly Interest 1,133,020.83 1,068,081.67 2,153,600.00 4,354,702.50

Investor Default Amount 907,840.02 2,469,324.87 2,178,816.06 5,555,980.95

Investor Monthly Fees 416,666.67 1,133,333.33 1,000,000.00 2,550,000.00

Investor Additional Amounts 0.00 0.00 1.00 0.00

Total 2,457,527.52 4,670,739.87 5,332,416.06 12,460,683.45

Reallocated Investor Finance

Charge Collections 4,641,561.43 10,611,312.08 10,574,097.42 25,826,970.92

Available Excess 2,184,033.90 5,940,572.21 5,241,681.36 13,366,287.47

2. Group 2 Allocations Series 2000-4 Series 2000-5 Series 2001-1 Series 2001-3

---------------------- ------------- ------------- ------------- -------------

Invested Amount 1,212,122,000.00 787,878,000.00 750,000,000.00 750,000,000.00

Investor Finance

Charge Collections 20,473,769.67 13,307,928.64 12,660,279.86 12,660,279.86

Investor Monthly Interest 3,606,643.87 2,241,118.80 2,135,375.00 2,128,218.75

Investor Default Amount 4,401,651.46 2,861,068.73 2,723,520.07 2,723,520.07

Investor Monthly Fees 2,020,203.33 1,313,130.00 1,250,000.00 1,250,000.00

Investor Additional Amounts 0.00 0.00 0.00 0.00

Total 10,028,498.66 6,415,317.53 6,108,895.07 6,101,738.82

Reallocated Investor Finance

Charge Collections 20,653,095.39 13,321,294.00 12,682,860.02 12,675,703.77

Investment Funding

Account Proceeds 0.00

Available Excess 10,637,294.72 6,914,230.47 6,573,964.95 6,573,964.95

2. Group 2 Allocations Series 2001-4 Series 2001-5 Series 2001-6 Series 2001-7 Series 2002-1

---------------------- ------------- ------------- ------------- ------------- -------------

Invested Amount 725,000,000.00 500,000,000.00 700,000,000.00 650,000,000.00 920,000,000.00

Investor Finance

Charge Collections 12,238,270.54 8,440,186.58 11,816,261.21 10,972,242.55 15,529,943.30

Investor Monthly Interest 2,057,278.13 1,438,333.33 1,980,125.00 1,839,120.83 2,599,191.67

Investor Default Amount 2,632,736.07 1,815,680.05 2,541,952.07 2,360,384.06 3,340,851.29

Investor Monthly Fees 1,208,333.33 833,333.33 1,166,666.67 1,083,333.33 1,533,333.33

Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00

Total 5,898,347.53 4,087,346.72 5,688,743.73 5,282,838.23 7,473,376.29

Reallocated Investor Finance

Charge Collections 12,253,180.31 8,469,990.01 11,824,444.35 10,980,274.52 15,537,439.96

Investment Funding

Account Proceeds

Available Excess 6,354,832.78 4,382,643.30 6,135,700.62 5,697,436.29 8,064,063.67

2. Group 2 Allocations Series 2002-2 Series 2002-3 Series 2002-4 Series 2002-5 Series 2002-6

---------------------- ------------- ------------- ------------- ------------- -------------

Invested Amount 940,000,000.00 920,000,000.00 500,000,000.00 600,000,000.00 720,000,000.00

Investor Finance

Charge Collections 15,867,550.76 15,529,943.30 8,445,424.58 10,128,223.89 12,153,868.67

Investor Monthly Interest 2,655,069.17 2,597,965.00 1,385,541.67 1,721,875.00 2,051,400.00

Investor Default Amount 3,413,478.49 3,340,851.29 1,815,680.05 2,178,816.06 2,614,579.27

Investor Monthly Fees 1,566,666.67 1,533,333.33 833,333.33 1,000,000.00 1,200,000.00

Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00

Total 7,635,214.32 7,472,149.62 4,034,555.05 4,900,691.06 5,865,979.27

Reallocated Investor Finance

Charge Collections 15,874,583.73 15,536,213.29 8,417,198.35 10,159,863.02 12,176,985.62

Investment Funding

Account Proceeds

Available Excess 8,239,369.40 8,064,063.67 4,387,881.30 5,259,171.96 6,311,006.35

</TABLE>

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<PAGE>

<TABLE>

2. Group 2 Allocations Series 2003-1 Series 2003-2 Series 2003-3 Series 2004-1 Series 2004-2

---------------------- ------------- ------------- ------------- ------------- -------------

Invested Amount 920,000,000.00 1,100,000,000.00 750,000,000.00 800,000,000.00 400,000,000.00

Investor Finance

Charge Collections 15,529,943.30 18,568,410.47 12,660,279.86 13,504,298.52 6,752,149.26

Investor Monthly Interest 2,599,191.67 3,105,529.17 2,116,406.25 2,236,700.00 1,150,000.00

Investor Default Amount 3,340,851.29 3,994,496.11 2,723,520.07 2,905,088.08 1,452,544.04

Investor Monthly Fees 1,533,333.33 1,833,333.33 1,250,000.00 1,333,333.33 666,666.67

Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00

Total 7,473,376.29 8,933,358.61 6,089,926.32 6,475,121.41 3,269,210.71

Reallocated Investor Finance

Charge Collections 15,537,439.96 18,575,173.86 12,663,891.27 13,487,350.69 6,775,325.34

Investment Funding

Account Proceeds

Available Excess 8,064,063.67 9,641,815.26 6,573,964.95 7,012,229.28 3,506,114.64

2. Group 2 Allocations Series 2004-4 Series 2004-5 Series 2005-1 Series 2005-2 Series 2005-3

---------------------- ------------- ------------- ------------- ------------- -------------

Invested Amount 1,100,000,000.00 1,000,000,000.00 600,000,000.00 600,000,000.00 700,000,000.00

Investor Finance

Charge Collections 18,568,410.47 16,880,373.15 10,128,223.89 10,128,223.89 11,816,261.21

Investor Monthly Interest 3,078,579.17 2,796,083.33 1,641,875.00 1,684,300.00 1,781,966.67

Investor Default Amount 3,994,496.11 3,631,360.10 2,178,816.06 2,178,816.06 2,541,952.07

Investor Monthly Fees 1,833,333.33 1,666,666.67 1,000,000.00 1,000,000.00 1,166,666.67

Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00

Total 8,906,408.61 8,094,110.10 4,820,691.06 4,863,116.06 5,490,585.40

Reallocated Investor Finance

Charge Collections 18,548,223.86 16,859,396.70 10,079,863.02 10,122,288.02 11,626,286.02

Investment Funding

Account Proceeds

Available Excess 9,641,815.26 8,765,286.60 5,259,171.96 5,259,171.96 6,135,700.62

2. Group 2 Allocations Series 2005-4 Group 2 Total

---------------------- ------------- -------------

Invested Amount 500,000,000.00 19,145,000,000.00

Investor Finance

Charge Collections 8,440,186.58 323,200,933.99

Investor Monthly Interest 1,304,722.22 53,932,609.68

Investor Default Amount 1,815,680.05 69,522,389.06

Investor Monthly Fees 833,333.33 31,908,333.33

Investor Additional Amounts 0.00 0.00

Total 3,953,735.60 155,363,332.07

Reallocated Investor Finance

Charge Collections 8,336,378.90 323,174,743.99

Investment Funding

Account Proceeds 0.00

Available Excess 4,382,643.30 167,837,601.92

GROUP I GROUP II

Group Investor Finance

Charge Collections 25,826,970.92 323,174,743.99

Group Expenses 12,460,683.45 155,363,332.07

Reallocable Investor Finance

Charge Collections 13,366,287.47 167,811,411.92

</TABLE>

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<PAGE>

<TABLE>

II. Series 2000-4 Certificates

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Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 1,569,282,236.74 1,212,122,000.00 357,160,236.74

Beginning Adjusted Invested Amount N/A 1,212,122,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 26,490,069.74 20,473,769.67 6,028,998.07

Collections of Principal Receivables 402,987,896.19 311,270,008.21 91,717,887.99

Defaulted Amount 5,698,628.90 4,401,651.46 1,296,977.43

Ending Invested / Transferor Amounts 1,583,702,600.29 1,212,122,000.00 371,580,600.29

----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 5,000,000.00 0.00 0.00 5,000,000.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.5350% 3.7600% 3.7200%

Monthly Interest Due 2,945,833.33 303,839.33 356,971.20 3,606,643.87

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 2,945,833.33 303,839.33 356,971.20 3,606,643.87

Investor Default Amount 3,631,360.10 352,132.99 418,158.38 4,401,651.46

Investor Monthly Fees Due 1,666,666.67 161,616.67 191,920.00 2,020,203.33

Investor Additional Amounts Due

Total Due 8,243,860.10 817,588.99 967,049.58 10,028,498.66

Reallocated Investor Finance

Charge Collections 20,653,095.39

Interest and Principal Funding

Investment Proceeds 0.00

Interest on Reserve Account 12,698.00

Series Adjusted Portfolio Yield 16.3251%

Base Rate 5.6479%

Excess Spread Percentage 10.5309%

----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00

Interest Distributions 2,945,833.33 303,839.33 356,971.20 3,606,643.87

Interest Deposits - Interest Funding Account (2,945,833.33) (303,839.33) 0.00 (3,249,672.67)

Interest Funding Account Distributions 0.00 0.00 0.00 0.00

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 0.00 0.00 356,971.20 356,971.20

Ending Interest Funding Account Balance 2,945,833.33 303,839.33 0.00 3,249,672.67

Ending Certificates Balance 1,000,000,000.00 96,970,000.00 115,152,000.00 1,212,122,000.00

</TABLE>

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<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.95

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.95

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $3.13

2. Amount of the distribution in

respect of class B monthly interest: $3.13

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

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<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $356,971.20

2. Amount distributed in respect of Collateral

Monthly Interest: $356,971.20

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

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<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds

(Includes Int. Income from IFA): $17,049,268.46

a. Class A Monthly Interest: $2,945,833.33

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $3,631,360.10

e. Excess Spread: $10,472,075.03

2. Class B Available Funds: $1,653,267.56

a. Class B Monthly Interest: $303,839.33

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $1,349,428.23

3. Collateral Available Funds: $1,963,257.36

a. Excess Spread: $1,963,257.36

4. Total Excess Spread: $13,784,760.62

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2000-4 Allocable Principal

Collections: $402,987,896.19

3. Principal Allocation Percentage of

Series 2000-4 Allocable Principal

Collections: $311,270,008.21

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $311,270,008.21

6. Shared Principal Collections from other

Series allocated to Series 2000-4: N/A

7. Other amounts Treated as Available Principal

Collections: $4,401,651.46

8. Available Principal Collections

(total of 5., 6. & 7.): $315,671,659.67

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $115,152,000.00

2. Required Collateral Invested Amount: $115,152,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $315,671,659.67

- 9 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2000-4

1. Excess Spread: $13,784,760.62

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $352,132.99

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $356,971.20

9. Applied to unpaid Monthly Servicing Fee: $2,020,203.33

10. Collateral Default Amount treated as

Available Principal Collections: $418,158.38

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $10,637,294.72

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.6479%

b. Prior Monthly Period 5.2684%

c. Second Prior Monthly Period 5.1899%

2. Three Month Average Base Rate 5.3687%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.3251%

b. Prior Monthly Period 15.8260%

c. Second Prior Monthly Period 15.4839%

4. Three Month Average Series Adjusted Portfolio Yield = 15.8783%

- 10 -

<PAGE>

III. Series 2000-5 Certificates

<TABLE>

----------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 1,020,031,770.83 787,878,000.00 232,153,770.83

Beginning Adjusted Invested Amount N/A 787,878,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 17,218,516.92 13,307,928.64 3,918,842.28

Collections of Principal Receivables 261,941,700.32 202,325,171.50 59,616,528.82

Defaulted Amount 3,704,102.67 2,861,068.73 843,033.94

Ending Invested / Transferor Amounts 1,029,404,991.67 787,878,000.00 241,526,991.67

----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 3,250,000.00 0.00 0.00 3,250,000.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3600% 3.6000% 3.7200%

Monthly Interest Due 1,820,000.00 189,090.00 232,028.80 2,241,118.80

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 1,820,000.00 189,090.00 232,028.80 2,241,118.80

Investor Default Amount 2,360,384.06 228,884.63 271,800.04 2,861,068.73

Investor Monthly Fees Due 1,083,333.33 105,050.00 124,746.67 1,313,130.00

Investor Additional Amounts Due

Total Due 5,263,717.40 523,024.63 628,575.51 6,415,317.53

Reallocated Investor Finance

Charge Collections 13,321,294.00

Interest and Principal Funding

Investment Proceeds 0.00

Interest on Reserve Account 8,254.00

Series Adjusted Portfolio Yield 16.1658%

Base Rate 5.4886%

Excess Spread Percentage 10.5309%

----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00

Interest Distributions 1,820,000.00 189,090.00 232,028.80 2,241,118.80

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 1,820,000.00 189,090.00 232,028.80 2,241,118.80

Ending Certificates Balance 650,000,000.00 63,030,000.00 74,848,000.00 787,878,000.00

</TABLE>

- 11 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.80

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.80

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $3.00

2. Amount of the distribution in

respect of class B monthly interest: $3.00

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 12 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $232,028.80

2. Amount distributed in respect of Collateral

Monthly Interest: $232,028.80

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 13 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $10,996,888.10

a. Class A Monthly Interest: $1,820,000.00

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $2,360,384.06

e. Excess Spread: $6,816,504.04

2. Class B Available Funds: $1,066,359.78

a. Class B Monthly Interest: $189,090.00

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $877,269.78

3. Collateral Available Funds: $1,266,300.12

a. Excess Spread: $1,266,300.12

4. Total Excess Spread: $8,960,073.94

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2000-5 Allocable Principal

Collections: $261,941,700.32

3. Principal Allocation Percentage of

Series 2000-5 Allocable Principal

Collections: $202,325,171.50

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $202,325,171.50

6. Shared Principal Collections from other

Series allocated to Series 2000-5: N/A

7. Other amounts Treated as Available Principal

Collections: $2,861,068.73

8. Available Principal Collections

(total of 5., 6. & 7.): $205,186,240.23

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $74,848,000.00

2. Required Collateral Invested Amount: $74,848,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $205,186,240.23

- 14 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2000-5

1. Excess Spread: $8,960,073.94

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $228,884.63

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $232,028.80

9. Applied to unpaid Monthly Servicing Fee: $1,313,130.00

10. Collateral Default Amount treated as

Available Principal Collections: $271,800.04

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $6,914,230.47

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.4886%

b. Prior Monthly Period 5.3568%

c. Second Prior Monthly Period 5.1532%

2. Three Month Average Base Rate 5.3329%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1658%

b. Prior Monthly Period 15.8989%

c. Second Prior Monthly Period 15.4398%

4. Three Month Average Series Adjusted Portfolio Yield 15.8348%

- 15 -

<PAGE>

<TABLE>

IV. Series 2001-1 Certificates

----------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 970,992,752.84 750,000,000.00 220,992,752.84

Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 16,390,720.00 12,660,279.86 3,730,440.13

Collections of Principal Receivables 249,348,598.69 192,598,192.39 56,750,406.30

Defaulted Amount 3,526,024.34 2,723,520.07 802,504.26

Ending Invested / Transferor Amounts 979,915,346.98 750,000,000.00 229,915,346.98

----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3600% 3.6400% 3.7200%

Monthly Interest Due 1,732,500.00 182,000.00 220,875.00 2,135,375.00

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 1,732,500.00 182,000.00 220,875.00 2,135,375.00

Investor Default Amount 2,246,904.06 217,881.61 258,734.41 2,723,520.07

Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00

Investor Additional Amounts Due

Total Due 5,010,654.06 499,881.61 598,359.41 6,108,895.07

Reallocated Investor Finance Charge Collections 12,682,860.02

Interest and Principal Funding Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1563%

Base Rate 5.4918%

Excess Spread Percentage 10.5183%

----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00

Interest Distributions 1,732,500.00 182,000.00 220,875.00 2,135,375.00

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 1,732,500.00 182,000.00 220,875.00 2,135,375.00

Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00

</TABLE>

- 16 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.80

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.80

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $3.03

2. Amount of the distribution in

respect of class B monthly interest: $3.03

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 17 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $220,875.00

2. Amount distributed in respect of Collateral

Monthly Interest: $220,875.00

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 18 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $10,463,359.52

a. Class A Monthly Interest: $1,732,500.00

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $2,246,904.06

e. Excess Spread: $6,483,955.46

2. Class B Available Funds: $1,014,628.80

a. Class B Monthly Interest: $182,000.00

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $832,628.80

3. Collateral Available Funds: $1,204,871.70

a. Excess Spread: $1,204,871.70

4. Total Excess Spread: $8,521,455.96

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2001-1 Allocable Principal

Collections: $249,348,598.69

3. Principal Allocation Percentage of

Series 2001-1 Allocable Principal

Collections: $192,598,192.39

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $192,598,192.39

6. Shared Principal Collections from other

Series allocated to Series 2001-1: N/A

7. Other amounts Treated as Available Principal

Collections: $2,723,520.07

8. Available Principal Collections

(total of 5., 6. & 7.): $195,321,712.46

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $71,250,000.00

2. Required Collateral Invested Amount: $71,250,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $195,321,712.46

- 19 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2001-1

1. Excess Spread: $8,521,455.96

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $217,881.61

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $220,875.00

9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00

10. Collateral Default Amount treated as

Available Principal Collections: $258,734.41

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $6,573,964.95

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.4918%

b. Prior Monthly Period 5.3600%

c. Second Prior Monthly Period 5.1565%

2. Three Month Average Base Rate 5.3361%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1563%

b. Prior Monthly Period 15.9022%

c. Second Prior Monthly Period 15.4431%

4. Three Month Average Series Adjusted Portfolio Yield 15.8339%

- 20 -

<PAGE>

<TABLE>

V. Series 2001-2 Certificates

---------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 323,664,250.95 250,000,000.00 73,664,250.95

Beginning Adjusted Invested Amount N/A 250,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 5,463,573.33 4,220,093.29 1,243,480.04

Collections of Principal Receivables 83,116,199.56 64,199,397.46 18,916,802.10

Defaulted Amount 1,175,341.45 907,840.02 267,501.42

Ending Invested / Transferor Amounts 326,638,448.99 250,000,000.00 76,638,448.99

---------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 5.5300% 5.8300% 4.0700%

Monthly Interest Due 996,552.08 72,875.00 63,593.75 1,133,020.83

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 996,552.08 72,875.00 63,593.75 1,133,020.83

Investor Default Amount 785,281.62 54,470.40 68,088.00 907,840.02

Investor Monthly Fees Due 360,416.67 25,000.00 31,250.00 416,666.67

Investor Additional Amounts Due

Total Due 2,142,250.37 152,345.40 162,931.75 2,457,527.52

Reallocated Investor Finance

Charge Collections 4,641,561.43

Interest and Principal Funding

Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 18.1708%

Base Rate 7.5418%

Excess Spread Percentage 10.4834%

---------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 216,250,000.00 15,000,000.00 18,750,000.00 250,000,000.00

Interest Distributions 996,552.08 72,875.00 63,593.75 1,133,020.83

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 996,552.08 72,875.00 63,593.75 1,133,020.83

Ending Certificates Balance 216,250,000.00 15,000,000.00 18,750,000.00 250,000,000.00

</TABLE>

- 21 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $4.61

2. Amount of the distribution in

respect of Class A Monthly Interest: $4.61

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $4.86

2. Amount of the distribution in

respect of class B monthly interest: $4.86

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 22 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $63,593.75

2. Amount distributed in respect of Collateral

Monthly Interest: $63,593.75

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 23 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $4,014,950.63

a. Class A Monthly Interest: $996,552.08

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $785,281.62

e. Excess Spread: $2,233,116.93

2. Class B Available Funds: $278,493.69

a. Class B Monthly Interest: $72,875.00

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $205,618.69

3. Collateral Available Funds: $348,117.11

a. Excess Spread: $348,117.11

4. Total Excess Spread: $2,786,852.72

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2001-2 Allocable Principal

Collections: $83,116,199.56

3. Principal Allocation Percentage of

Series 2001-2 Allocable Principal

Collections: $64,199,397.46

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $64,199,397.46

6. Shared Principal Collections from other

Series allocated to Series 2001-2: N/A

7. Other amounts Treated as Available Principal

Collections: $907,840.02

8. Available Principal Collections

(total of 5., 6. & 7.): $65,107,237.49

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $18,750,000.00

2. Required Collateral Invested Amount: $18,750,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $65,107,237.49

- 24 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2001-2

1. Excess Spread: $2,786,852.72

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $54,470.40

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $63,593.75

9. Applied to unpaid Monthly Servicing Fee: $416,666.67

10. Collateral Default Amount treated as

Available Principal Collections: $68,088.00

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $2,184,033.90

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 7.5418%

b. Prior Monthly Period 7.5319%

c. Second Prior Monthly Period 7.2883%

2. Three Month Average Base Rate 7.4540%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 18.1708%

b. Prior Monthly Period 17.9201%

c. Second Prior Monthly Period 17.4691%

4. Three Month Average Series Adjusted Portfolio Yield 17.8533%

- 25 -

<PAGE>

VI. Series 2001-3 Certificates

<TABLE>

-----------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 970,992,752.84 750,000,000.00 220,992,752.84

Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 16,390,720.00 12,660,279.86 3,730,440.13

Collections of Principal Receivables 249,348,598.69 192,598,192.39 56,750,406.30

Defaulted Amount 3,526,024.34 2,723,520.07 802,504.26

Ending Invested / Transferor Amounts 979,915,346.98 750,000,000.00 229,915,346.98

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3500% 3.6000% 3.7200%

Monthly Interest Due 1,727,343.75 180,000.00 220,875.00 2,128,218.75

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 1,727,343.75 180,000.00 220,875.00 2,128,218.75

Investor Default Amount 2,246,904.06 217,881.61 258,734.41 2,723,520.07

Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00 1,250,000.00

Investor Additional Amounts Due

Total Due 5,005,497.81 497,881.61 598,359.41 6,101,738.82

Reallocated Investor Finance

Charge Collections 12,675,703.77

Interest and Principal Funding

Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1447%

Base Rate 5.4802%

Excess Spread Percentage 10.5183%

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00

Interest Distributions 1,727,343.75 180,000.00 220,875.00 2,128,218.75

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 1,727,343.75 180,000.00 220,875.00 2,128,218.75

Ending Certificates Balance 618,750,000.00 60,000,000.00 71,250,000.00 750,000,000.00

</TABLE>

- 26 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.79

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.79

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $3.00

2. Amount of the distribution in

respect of class B monthly interest: $3.00

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 27 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $220,875.00

2. Amount distributed in respect of Collateral

Monthly Interest: $220,875.00

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 28 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $10,457,455.61

a. Class A Monthly Interest: $1,727,343.75

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $2,246,904.06

e. Excess Spread: $6,483,207.80

2. Class B Available Funds: $1,014,056.30

a. Class B Monthly Interest: $180,000.00

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $834,056.30

3. Collateral Available Funds: $1,204,191.86

a. Excess Spread: $1,204,191.86

4. Total Excess Spread: $8,521,455.96

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2001-3 Allocable Principal

Collections: $249,348,598.69

3. Principal Allocation Percentage of

Series 2001-3 Allocable Principal

Collections: $192,598,192.39

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $192,598,192.39

6. Shared Principal Collections from other

Series allocated to Series 2001-3 N/A

7. Other amounts Treated as Available Principal

Collections: $2,723,520.07

8. Available Principal Collections

(total of 5., 6. & 7.): $195,321,712.46

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $71,250,000.00

2. Required Collateral Invested Amount: $71,250,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $195,321,712.46

- 29 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2001-3

1. Excess Spread: $8,521,455.96

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $217,881.61

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $220,875.00

9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00

10. Collateral Default Amount treated as

Available Principal Collections: $258,734.41

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $6,573,964.95

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.4802%

b. Prior Monthly Period 5.3484%

c. Second Prior Monthly Period 5.1449%

2. Three Month Average Base Rate 5.3245%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1447%

b. Prior Monthly Period 15.8905%

c. Second Prior Monthly Period 15.4312%

4. Three Month Average Series Adjusted Portfolio Yield 15.8221%

- 30 -

<PAGE>

VII. Series 2001-4 Certificates

<TABLE>

------------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 938,626,327.74 725,000,000.00 213,626,327.74

Beginning Adjusted Invested Amount N/A 725,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 15,844,362.66 12,238,270.54 3,606,092.13

Collections of Principal Receivables 241,036,978.74 186,178,252.64 54,858,726.09

Defaulted Amount 3,408,490.19 2,632,736.07 775,754.12

Ending Invested / Transferor Amounts 947,251,502.09 725,000,000.00 222,251,502.09

------------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3500% 3.6000% 3.7200%

Monthly Interest Due 1,669,765.63 174,000.00 213,512.50 2,057,278.13

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 1,669,765.63 174,000.00 213,512.50 2,057,278.13

Investor Default Amount 2,172,007.26 210,618.89 250,109.93 2,632,736.07

Investor Monthly Fees Due 996,875.00 96,666.67 114,791.67 1,208,333.33

Investor Additional Amounts Due

Total Due 4,838,647.88 481,285.55 578,414.09 5,898,347.53

Reallocated Investor Finance Charge Collections 12,253,180.31

Interest and Principal Funding Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1447%

Base Rate 5.4802%

Excess Spread Percentage 10.5183%

------------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 598,125,000.00 58,000,000.00 68,875,000.00 725,000,000.00

Interest Distributions 1,669,765.63 174,000.00 213,512.50 2,057,278.13

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 1,669,765.63 174,000.00 213,512.50 2,057,278.13

Ending Certificates Balance 598,125,000.00 58,000,000.00 68,875,000.00 725,000,000.00

</TABLE>

- 31 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.79

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.79

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $3.00

2. Amount of the distribution in

respect of class B monthly interest: $3.00

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 32 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $213,512.50

2. Amount distributed in respect of Collateral

Monthly Interest: $213,512.50

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 33 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $10,108,873.76

a. Class A Monthly Interest: $1,669,765.63

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $2,172,007.26

e. Excess Spread: $6,267,100.87

2. Class B Available Funds: $980,254.42

a. Class B Monthly Interest: $174,000.00

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $806,254.42

3. Collateral Available Funds: $1,164,052.13

a. Excess Spread: $1,164,052.13

4. Total Excess Spread: $8,237,407.43

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2001-4 Allocable Principal

Collections: $241,036,978.74

3. Principal Allocation Percentage of

Series 2001-4 Allocable Principal

Collections: $186,178,252.64

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $186,178,252.64

6. Shared Principal Collections from other

Series allocated to Series 2001-4 N/A

7. Other amounts Treated as Available Principal

Collections: $2,632,736.07

8. Available Principal Collections

(total of 5., 6. & 7.): $188,810,988.71

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $68,875,000.00

2. Required Collateral Invested Amount: $68,875,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $188,810,988.71

- 34 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2001-4

1. Excess Spread: $8,237,407.43

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $210,618.89

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $213,512.50

9. Applied to unpaid Monthly Servicing Fee: $1,208,333.33

10. Collateral Default Amount treated as

Available Principal Collections: $250,109.93

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $6,354,832.78

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.4802%

b. Prior Monthly Period 5.3484%

c. Second Prior Monthly Period 5.1449%

2. Three Month Average Base Rate 5.3245%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1447%

b. Prior Monthly Period 15.8905%

c. Second Prior Monthly Period 15.4312%

4. Three Month Average Series Adjusted Portfolio Yield 15.8221%

- 35 -

<PAGE>

VIII. Series 2001-5 Certificates

<TABLE>

----------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 647,328,501.89 500,000,000.00 147,328,501.89

Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 10,927,146.66 8,440,186.58 2,486,960.09

Collections of Principal Receivables 166,232,399.13 128,398,794.93 37,833,604.20

Defaulted Amount 2,350,682.89 1,815,680.05 535,002.84

Ending Invested / Transferor Amounts 653,276,897.99 500,000,000.00 153,276,897.99

----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.4000% 3.6700% 3.7200%

Monthly Interest Due 1,168,750.00 122,333.33 147,250.00 1,438,333.33

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 1,168,750.00 122,333.33 147,250.00 1,438,333.33

Investor Default Amount 1,497,936.04 145,254.40 172,489.60 1,815,680.05

Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67 833,333.33

Investor Additional Amounts Due

Total Due 3,354,186.04 334,254.40 398,906.27 4,087,346.72

Reallocated Investor Finance

Charge Collections 8,469,990.01

Interest and Principal Funding

Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1922%

Base Rate 5.5277%

Excess Spread Percentage 10.5183%

----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00

Interest Distributions 1,168,750.00 122,333.33 147,250.00 1,438,333.33

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 1,168,750.00 122,333.33 147,250.00 1,438,333.33

Ending Certificates Balance 412,500,000.00 40,000,000.00 47,500,000.00 500,000,000.00

</TABLE>

- 36 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.83

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.83

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $3.06

2. Amount of the distribution in

respect of class B monthly interest: $3.06

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 37 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $147,250.00

2. Amount distributed in respect of Collateral

Monthly Interest: $147,250.00

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 38 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $6,987,741.76

a. Class A Monthly Interest: $1,168,750.00

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $1,497,936.04

e. Excess Spread: $4,321,055.72

2. Class B Available Funds: $677,599.20

a. Class B Monthly Interest: $122,333.33

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $555,265.87

3. Collateral Available Funds: $804,649.05

a. Excess Spread: $804,649.05

4. Total Excess Spread: $5,680,970.64

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2001-5 Allocable Principal

Collections: $166,232,399.13

3. Principal Allocation Percentage of

Series 2001-5 Allocable Principal

Collections: $128,398,794.93

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $128,398,794.93

6. Shared Principal Collections from other

Series allocated to Series 2001-5 N/A

7. Other amounts Treated as Available Principal

Collections: $1,815,680.05

8. Available Principal Collections

(total of 5., 6. & 7.): $130,214,474.97

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $47,500,000.00

2. Required Collateral Invested Amount: $47,500,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $130,214,474.97

- 39 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2001-5

1. Excess Spread: $5,680,970.64

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $145,254.40

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $147,250.00

9. Applied to unpaid Monthly Servicing Fee: $833,333.33

10. Collateral Default Amount treated as

Available Principal Collections: $172,489.60

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $4,382,643.30

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.5277%

b. Prior Monthly Period 5.3959%

c. Second Prior Monthly Period 5.1924%

2. Three Month Average Base Rate 5.3720%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1922%

b. Prior Monthly Period 15.9380%

c. Second Prior Monthly Period 15.4802%

4. Three Month Average Series Adjusted Portfolio Yield 15.8701%

- 40 -

<PAGE>

IX. Series 2001-6 Certificates

<TABLE>

-----------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 906,259,902.65 700,000,000.00 206,259,902.65

Beginning Adjusted Invested Amount N/A 700,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 15,298,005.33 11,816,261.21 3,481,744.12

Collections of Principal Receivables 232,725,358.78 179,758,312.90 52,967,045.88

Defaulted Amount 3,290,956.05 2,541,952.07 749,003.98

Ending Invested / Transferor Amounts 914,587,657.19 700,000,000.00 214,587,657.19

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3400% 3.5700% 3.7200%

Monthly Interest Due 1,607,375.00 166,600.00 206,150.00 1,980,125.00

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 1,607,375.00 166,600.00 206,150.00 1,980,125.00

Investor Default Amount 2,097,110.46 203,356.17 241,485.45 2,541,952.07

Investor Monthly Fees Due 962,500.00 93,333.33 110,833.33 1,166,666.67

Investor Additional Amounts Due

Total Due 4,666,985.46 463,289.50 558,468.78 5,688,743.73

Reallocated Investor Finance

Charge Collections 11,824,444.35

Interest and Principal Funding

Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1339%

Base Rate 5.4694%

Excess Spread Percentage 10.5183%

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 577,500,000.00 56,000,000.00 66,500,000.00 700,000,000.00

Interest Distributions 1,607,375.00 166,600.00 206,150.00 1,980,125.00

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 1,607,375.00 166,600.00 206,150.00 1,980,125.00

Ending Certificates Balance 577,500,000.00 56,000,000.00 66,500,000.00 700,000,000.00

</TABLE>

- 41 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.78

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.78

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $2.98

2. Amount of the distribution in

respect of class B monthly interest: $2.98

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 42 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $206,150.00

2. Amount distributed in respect of Collateral

Monthly Interest: $206,150.00

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 43 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $9,755,166.59

a. Class A Monthly Interest: $1,607,375.00

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $2,097,110.46

e. Excess Spread: $6,050,681.14

2. Class B Available Funds: $945,955.55

a. Class B Monthly Interest: $166,600.00

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $779,355.55

3. Collateral Available Funds: $1,123,322.21

a. Excess Spread: $1,123,322.21

4. Total Excess Spread: $7,953,358.90

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2001-6 Allocable Principal

Collections: $232,725,358.78

3. Principal Allocation Percentage of

Series 2001-6 Allocable Principal

Collections: $179,758,312.90

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $179,758,312.90

6. Shared Principal Collections from other

Series allocated to Series 2001-6 N/A

7. Other amounts Treated as Available Principal

Collections: $2,541,952.07

8. Available Principal Collections

(total of 5., 6. & 7.): $182,300,264.96

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $66,500,000.00

2. Required Collateral Invested Amount: $66,500,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $182,300,264.96

- 44 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2001-6

1. Excess Spread: $7,953,358.90

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $203,356.17

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $206,150.00

9. Applied to unpaid Monthly Servicing Fee: $1,166,666.67

10. Collateral Default Amount treated as

Available Principal Collections: $241,485.45

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $6,135,700.62

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.4694%

b. Prior Monthly Period 5.3376%

c. Second Prior Monthly Period 5.1341%

2. Three Month Average Base Rate 5.3137%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1339%

b. Prior Monthly Period 15.8797%

c. Second Prior Monthly Period 15.4200%

4. Three Month Average Series Adjusted Portfolio Yield 15.8112%

- 45 -

<PAGE>

X. Series 2001-7 Certificates

<TABLE>

-----------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 841,527,052.46 650,000,000.00 191,527,052.46

Beginning Adjusted Invested Amount N/A 650,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 14,205,290.66 10,972,242.55 3,233,048.11

Collections of Principal Receivables 216,102,118.87 166,918,433.40 49,183,685.46

Defaulted Amount 3,055,887.76 2,360,384.06 695,503.70

Ending Invested / Transferor Amounts 849,259,967.39 650,000,000.00 199,259,967.39

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3400% 3.5800% 3.7200%

Monthly Interest Due 1,492,562.50 155,133.33 191,425.00 1,839,120.83

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 1,492,562.50 155,133.33 191,425.00 1,839,120.83

Investor Default Amount 1,947,316.85 188,830.73 224,236.49 2,360,384.06

Investor Monthly Fees Due 893,750.00 86,666.67 102,916.67 1,083,333.33

Investor Additional Amounts Due

Total Due 4,333,629.35 430,630.73 518,578.15 5,282,838.23

Reallocated Investor Finance Charge Collections 10,980,274.52

Interest and Principal Funding Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1347%

Base Rate 5.4702%

Excess Spread Percentage 10.5183%

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 536,250,000.00 52,000,000.00 61,750,000.00 650,000,000.00

Interest Distributions 1,492,562.50 155,133.33 191,425.00 1,839,120.83

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 1,492,562.50 155,133.33 191,425.00 1,839,120.83

Ending Certificates Balance 536,250,000.00 52,000,000.00 61,750,000.00 650,000,000.00

</TABLE>

- 46 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.78

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.78

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $2.98

2. Amount of the distribution in

respect of class B monthly interest: $2.98

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 47 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to th

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $191,425.00

2. Amount distributed in respect of Collateral

Monthly Interest: $191,425.00

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 48 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $9,058,726.48

a. Class A Monthly Interest: $1,492,562.50

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $1,947,316.85

e. Excess Spread: $5,618,847.13

2. Class B Available Funds: $878,421.96

a. Class B Monthly Interest: $155,133.33

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $723,288.63

3. Collateral Available Funds: $1,043,126.08

a. Excess Spread: $1,043,126.08

4. Total Excess Spread: $7,385,261.83

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2001-7 Allocable Principal

Collections: $216,102,118.87

3. Principal Allocation Percentage of

Series 2001-7 Allocable Principal

Collections: $166,918,433.40

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $166,918,433.40

6. Shared Principal Collections from other

Series allocated to Series 2001-7 N/A

7. Other amounts Treated as Available Principal

Collections: $2,360,384.06

8. Available Principal Collections

(total of 5., 6. & 7.): $169,278,817.47

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $61,750,000.00

2. Required Collateral Invested Amount: $61,750,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $169,278,817.47

- 49 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2001-7

1. Excess Spread: $7,385,261.83

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $188,830.73

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $191,425.00

9. Applied to unpaid Monthly Servicing Fee: $1,083,333.33

10. Collateral Default Amount treated as

Available Principal Collections: $224,236.49

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $5,697,436.29

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.4702%

b. Prior Monthly Period 5.3384%

c. Second Prior Monthly Period 5.1349%

2. Three Month Average Base Rate 5.3145%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1347%

b. Prior Monthly Period 15.8806%

c. Second Prior Monthly Period 15.4208%

4. Three Month Average Series Adjusted Portfolio Yield 15.8120%

- 50 -

<PAGE>

XI. Series 2002-1 Certificates

<TABLE>

-----------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 1,191,084,443.48 920,000,000.00 271,084,443.48

Beginning Adjusted Invested Amount N/A 920,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 20,105,949.86 15,529,943.30 4,576,006.56

Collections of Principal Receivables 305,867,614.40 236,253,782.66 69,613,831.73

Defaulted Amount 4,325,256.52 3,340,851.29 984,405.23

Ending Invested / Transferor Amounts 1,202,029,492.30 920,000,000.00 282,029,492.30

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3300% 3.6200% 3.7200%

Monthly Interest Due 2,106,225.00 222,026.67 270,940.00 2,599,191.67

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 2,106,225.00 222,026.67 270,940.00 2,599,191.67

Investor Default Amount 2,756,202.31 267,268.10 317,380.87 3,340,851.29

Investor Monthly Fees Due 1,265,000.00 122,666.67 145,666.67 1,533,333.33

Investor Additional Amounts Due

Total Due 6,127,427.31 611,961.44 733,987.54 7,473,376.29

Reallocated Investor Finance

Charge Collections 15,537,439.96

Interest and Principal Funding

Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1296%

Base Rate 5.4651%

Excess Spread Percentage 10.5183%

-----------------------------------------------------------------------------------------------------------------------------------

Collateral

C. Certificates - Balances and Distributions Class A Class B Interest Total

-------------------------------------------- ------- ------- -------- -----

Beginning Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00

Interest Distributions 2,106,225.00 222,026.67 270,940.00 2,599,191.67

Principal Deposits - Prin. Funding Account 0.00 0.00 0.00 0.00

Principal Distributions 0.00 0.00 0.00 0.00

Total Distributions 2,106,225.00 222,026.67 270,940.00 2,599,191.67

Ending Certificates Balance 759,000,000.00 73,600,000.00 87,400,000.00 920,000,000.00

</TABLE>

- 51 -

<PAGE>

D. Information regarding distributions on the Distribution Date in respect

of the Class A Certificates per $1,000 original certificate principal amount.

1. Total amount of the distribution: $2.77

2. Amount of the distribution in

respect of Class A Monthly Interest: $2.77

3. Amount of the distribution in

respect of Class A Outstanding

Monthly Interest: $0.00

4. Amount of the distribution in

respect of Class A Additional Interest: $0.00

5. Amount of the distribution in

respect of Class A Principal: $0.00

E. Class A Investor Charge-Offs and Reimbursement of Class A Investor

Charge-Offs on such Distribution Date.

1. Total amount of Class A Investor Charge-Offs: $0.00

2. Amount of Class A Investor Charge-

Offs per $1,000 original certificate

principal amount: $0.00

3. Total amount reimbursed in respect of

Class A Investor Charge-Offs: $0.00

4. Amount reimbursed in respect of Class

A Investor Charge-Offs per $1,000

original certificate principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class A Certificates exceeds the Class

A Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

F. Information regarding distributions in respect of the Class B

Certificates, per $1,000 original certificate principal amount.

1. The total amount of the distribution: $3.02

2. Amount of the distribution in

respect of class B monthly interest: $3.02

3. Amount of the distribution in

respect of class B outstanding monthly

interest: $0.00

4. Amount of the distribution in

respect of class B additional interest: $0.00

5. Amount of the distribution in

respect of class B principal: $0.00

- 52 -

<PAGE>

G. Amount of reductions in Class B Invested Amount pursuant to clauses (c),

(d), and (e) of the definition of Class B Invested Amount on such

Distribution Date.

1. The amount of reductions in Class B

Invested Amount pursuant to clauses

c), (d), and (e) of the definition

of Class B Invested Amount: $0.00

2. The amount of reductions in the

Class B Invested Amount set forth in

paragraph 1 above, per $1,000 original

certificate principal amount: $0.00

3. The total amount reimbursed in respect

of such reductions in the Class B

Invested Amount: $0.00

4. The amount set forth in paragraph 3

above, per $1,000 original certificate

principal amount: $0.00

5. The amount, if any, by which the

outstanding principal balance of the

Class B Certificates exceeds the Class B

Invested Amount after giving effect to

all transactions on such Distribution

Date: $0.00

H. Information regarding distributions on the Distribution Date to the

Collateral Interest Holder.

1. Total amount distributed to the Collateral

Interest Holder: $270,940.00

2. Amount distributed in respect of Collateral

Monthly Interest: $270,940.00

3. Amount distributed in respect of Collateral

Additional Interest: $0.00

4. The amount distributed to the Collateral

Interest Holder in respect of principal

on the Collateral Invested Amount: $0.00

I. Amount of reductions in Collateral Invested Amount pursuant to clauses

(c), (d), and (e) of the definition of Collateral Invested Amount.

1. The amount of reductions in the

Collateral Invested Amount pursuant

to clauses (c), (d), and (e) of the

definition of Collateral Invested Amount: $0.00

2. The total amount reimbursed in respect

of such reductions in the Collateral

Invested Amount: $0.00

- 53 -

<PAGE>

J. Application of Reallocated Investor Finance Charge Collections.

1. Class A Available Funds: $12,818,387.97

a. Class A Monthly Interest: $2,106,225.00

b. Class A Outstanding Monthly Interest: $0.00

c. Class A Additional Interest: $0.00

d. Class A Investor Default Amount

(Treated as Available Principal Collections): $2,756,202.31

e. Excess Spread: $7,955,960.65

2. Class B Available Funds: $1,242,995.20

a. Class B Monthly Interest: $222,026.67

b. Class B Outstanding Monthly Interest: $0.00

c. Class B Additional Interest: $0.00

d. Excess Spread: $1,020,968.53

3. Collateral Available Funds: $1,476,056.80

a. Excess Spread: $1,476,056.80

4. Total Excess Spread: $10,452,985.98

K. Reallocated Principal Collections.

1. Principal Allocation Percentage: 77.2405%

2. Series 2002-1 Allocable Principal

Collections: $305,867,614.40

3. Principal Allocation Percentage of

Series 2002-1 Allocable Principal

Collections: $236,253,782.66

4. Reallocated Principal Collections

Required to fund the Required Amount: $0.00

5. Item 3 minus item 4: $236,253,782.66

6. Shared Principal Collections from other

Series allocated to Series 2002-1 N/A

7. Other amounts Treated as Available Principal

Collections: $3,340,851.29

8. Available Principal Collections

(total of 5., 6. & 7.): $239,594,633.95

L. Application of Available Principal Collections during Revolving Period.

1. Collateral Invested Amount: $87,400,000.00

2. Required Collateral Invested Amount: $87,400,000.00

3. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: $0.00

4. Treated as Shared Principal Collections: $239,594,633.95

- 54 -

<PAGE>

M. Application of Principal Collections During Accumulation or Amortization

Period.

1. Principal Funding Account: N/A

2. Excess of Collateral Invested Amount

over Required Collateral Invested Amount: N/A

3. Principal Distribution: N/A

4. Treated as Shared Principal Collections: N/A

N. Application of Excess Spread and Excess Finance Charge Collections

Allocated to Series 2002-1

1. Excess Spread: $10,452,985.98

2. Excess Finance Charge Collections: $0.00

3. Applied to fund Class A Required Amount: $0.00

4. Class A Investor Charge-Offs treated

as Available Principal Collections: $0.00

5. Applied to fund Class B overdue Interest: $0.00

6. Applied to fund Class B Required Amount: $267,268.10

7. Reduction of Class B Invested Amount

treated as Available Principal Collections: $0.00

8. Applied to Collateral Monthly Interest: $270,940.00

9. Applied to unpaid Monthly Servicing Fee: $1,533,333.33

10. Collateral Default Amount treated as

Available Principal Collections: $317,380.87

11. Reduction of Collateral Invested Amount

treated as Available Principal Collections: $0.00

12. Deposited to Reserve Account: $0.00

13. Applied to other amounts owed to

Collateral Interest Holder: $0.00

l4. Balance: $8,064,063.67

O. Yield and Base Rate

1. Base Rate

a. Current Monthly Period 5.4651%

b. Prior Monthly Period 5.3333%

c. Second Prior Monthly Period 5.1298%

2. Three Month Average Base Rate 5.3094%

3. Series Adjusted Portfolio Yield

a. Current Monthly Period 16.1295%

b. Prior Monthly Period 15.8754%

c. Second Prior Monthly Period 15.4155%

4. Three Month Average Series Adjusted Portfolio Yield 15.8068%

- 55 -

<PAGE>

XII. Series 2002-2 Certificates

<TABLE>

------------------------------------------------------------------------------------------------------------------------------------

Series Total Investor Transferors

A. Investor/Transferor Allocations Allocations Interest Interest

---------------------------------- ----------- -------- --------

Beginning Invested /Transferor Amount 1,216,977,583.56 940,000,000.00 276,977,583.56

Beginning Adjusted Invested Amount N/A 940,000,000.00 N/A

Floating Allocation Percentage N/A 77.2405% 22.7595%

Principal Allocation Percentage N/A 77.2405% 22.7595%

Collections of Finance Chg. Receivables 20,543,035.73 15,867,550.76 4,675,484.97

Collections of Principal Receivables 312,516,910.36 241,389,734.46 71,127,175.90

Defaulted Amount 4,419,283.84 3,413,478.49 1,005,805.34

Ending Invested / Transferor Amounts 1,228,160,568.22 940,000,000.00 288,160,568.22

------------------------------------------------------------------------------------------------------------------------------------

Collateral

B. Monthly Period Funding Requirements Class A Class B Interest Total

-------------------------------------- ------- ------- -------- -----

Principal Funding Account 0.00 0.00 0.00 0.00

Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00

Reserve Draw Amount 0.00 0.00 0.00 0.00

Available Reserve Account Amount 0.00 0.00 0.00 0.00

Reserve Account Surplus 0.00 0.00 0.00 0.00

Coupon June 15, 2005 to July 14, 2005 3.3300% 3.6100% 3.7200%

Monthly Interest Due 2,152,012.50 226,226.67 276,830.00 2,655,069.17

Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00

Additional Interest Due 0.00 0.00 0.00 0.00

Total Interest Due 2,152,012.50 226,226.67 276,830.00 2,655,069.17

Investor Default Amount 2,816,119.76 273,078.28 324,280.46 3,413,478.49

Investor Monthly Fees Due 1,292,500.00 125,333.33 148,833.33 1,566,666.67

Investor Additional Amounts Due

Total Due 6,260,632.26 624,638.28 749,943.79 7,635,214.32

Reallocated Investor Finance Charge Collections 15,874,583.73

Interest and Principal Funding Investment Proceeds 0.00

Interest on Reserve Account 0.00

Series Adjusted Portfolio Yield 16.1287%

Base Rate 5.4643%

Excess Spread Percentage 10.5183%

----------------------------------------------------------------------------------------------------------------------

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