UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from ~~June~~July 2321, 2009 to ~~July~~August 20, 2009

Commission File Number of issuing entity: 333-133770-05

Volkswagen Auto Loan Enhanced Trust 2008-1

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-133770

Volkswagen Auto Lease/Loan Underwritten Funding, LLC

(Exact name of depositor as specified in its charter)

VW Credit, Inc.

(Exact name of sponsor as specified in its charter)


Delaware		26-6337444

(State or other jurisdiction of incorporation or organization of the issuing entity)		(I.R.S. Employer Identification No.)

Delaware (State or other jurisdiction of incorporation or organization of the issuing entity)


2200 Ferdinand Porsche Drive, Herndon, Virginia		20171

(Address of principal executive offices of the		(Zip Code)
issuing entity)

(703) 364-7000

~~26—6337444~~ (~~I.R.S.~~Telephone ~~Employer~~number, ~~Identification~~including ~~No.~~area code)

N/A

2200 Ferdinand Porsche Drive, Herndon, Virginia		20171
(Address of principal executive offices of the issuing entity)		(Zip Code)

(Former name, former address, if changed since last report)

(703) 364-7000 (Telephone number, including area code)


	Registered/reporting pursuant to (check one)			Name of exchange
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	(If Section 12(b))
Class A-1 Notes			þ
Class A-2A Notes			þ
Class A-3A Notes			þ
Class A-4B Notes			þ

N/A (Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

				Name of exchange
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	(If Section 12(b))
Class A-1 Notes			þ
Class A-2A Notes			þ
Class A-3A Notes			þ
Class A-4B Notes			þ

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

TABLE OF CONTENTS

PART I—DISTRIBUTION INFORMATION	~~PART I—DISTRIBUTION INFORMATION~~
	Item 1. Distribution and Pool Performance Information.
	Item 1. Distribution and Pool Performance Information
PART II—OTHER INFORMATION	~~PART II—OTHER INFORMATION~~
	Item 2. Legal Proceedings.
	Item 2. Legal Proceedings
	Item 3. Sales of Securities and Use of Proceeds.
	Item 3. Sales of Securities and Use of Proceeds
	Item 4. Defaults Upon Senior Securities.
	Item 4. Defaults Upon Senior Securities
	Item 5. Submission of Matters to a Vote of Security Holders.
	Item 5. Submission of Matters to a Vote of Security Holders
	Item 6. Significant Obligors of Pool Assets.
	Item 6. Significant Obligors of Pool Assets
	Item 7. Significant Enhancement Provider Information.
	Item 7. Significant Enhancement Provider Information
	Item 8. Other Information.
	Item 8. Other Information
	Item 9. Exhibits.
	Item 9. Exhibits
Signature
EXHIBIT INDEX
EX-99.1

PART I—DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Response to Item 1 is set forth in Exhibit 99.1.

PART II—OTHER INFORMATION

Item 2. Legal Proceedings.

Not applicable

Item 3. Sales of Securities and Use of Proceeds.

Not applicable

Item 4. Defaults Upon Senior Securities.

Not applicable

Item 5. Submission of Matters to a Vote of Security Holders.

Not applicable

Item 6. Significant Obligors of Pool Assets.

Not applicable

Item 7. Significant Enhancement Provider Information.

Not applicable

Item 8. Other Information.

Not applicable

Item 9. Exhibits.

Exhibit 99.1 Monthly Distribution Report

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

July 20, 2009	VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2008-1 By VW Credit, Inc., as Servicer
August 20, 2009	VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2008-1 By VW Credit, Inc., as Servicer
	By:	/s/ Dennis Tack
		Name:	Dennis Tack
		Title:	Controller

EXHIBIT INDEX


Exhibit No.		Description of Exhibit

99.1		Monthly Distribution Report

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Filing Compare · Volkswagen Auto Loan Enhanced Trust 2008-1