Exhibit 99.1


Volkswagen Auto Lease Trust 2005-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended April 2005		PAGE 1

DATES

Begin

End

# days

Determination Date

5/18/2005

Payment Date

5/20/2005

Collection Period

3/27/2005

4/30/2005

Monthly Interest Period- Actual

4/20/2005

5/19/2005

Monthly Interest- Scheduled

SUMMARY


						*Principal Payment*
		*Initial Balance*		*Beginning Balance*		*1st Priority*		*Regular*		*Ending Balance*		*Note Factor*
6	Class A-1 Notes		425,000,000.00		316,884,324.88		—		42,922,711.21		273,961,613.67		0.6446156
7	Class A-2 Notes		420,000,000.00		420,000,000.00		—		—		420,000,000.00		1.0000000
8	Class A-3 Notes		485,000,000.00		485,000,000.00		—		—		485,000,000.00		1.0000000
9	Class A-4 Notes		170,000,000.00		170,000,000.00		—		—		170,000,000.00		1.0000000
10	Certificates		185,393,258.00		185,393,258.00		—		—		185,393,258.00		1.0000000

11	Equals: Total Securities	$	1,685,393,258.00	$	1,577,277,582.88	$	—	$	42,922,711.21	$	1,534,354,871.67


12	Total Securitization Value	$	1,685,393,258.00	$	1,602,408,747.68					$	1,566,403,375.13


							Per $1000		Principal& Interest		Per $1000
		*Coupon Rate*			*Interest Pmt Due*		*Face Amount*		*Payment Due*		*Face Amount*
13	Class A-1 Notes		2.9850	%		788,249.76		2.4875000		43,710,960.96		137.9398018
14	Class A-2 Notes		3.5200	%		1,232,000.00		2.9333333		1,232,000.00		2.9333333
15	Class A-3 Notes		3.8200	%		1,543,916.67		3.1833333		1,543,916.67		3.1833333
16	Class A-4 Notes		3.9400	%		558,166.67		3.2833333		558,166.67		3.2833333

	Equals: Total Securities					4,122,333.09				47,045,044.30


C.	COLLECTIONS AND AVAILABLE FUNDS

17	Lease Payments Received	36,299,576.16
18	Sales Proceeds - Early Terminations	11,889,586.73
19	Sales Proceeds - Scheduled Terminations	—
20	Security Deposits for Terminated Accounts	36,550.00
21	Excess Wear and Tear Received	2,649.74
22	Excess Mileage Charges Received	10,045.25
23	Other Recoveries Received	41,931.00

24	Subtotal: Total Collections	48,280,338.88

25	Repurchase Payments	—
26	Postmaturity Term Extension	—
27	Investment Earnings on Collection Account	105,046.04

28	Total Available Funds, prior to Servicer Advances	48,385,384.92

29	Servicer Advance	—

30	Total Available Funds	48,385,384.92

31	Reserve Account Draw	—

32	Available for Distribution	48,385,384.92


D.	*DISTRIBUTIONS*

33	Payment Date Advance Reimbursement (Item 77)	—
34	Servicing Fee (Servicing and Administrative Fees paid pro rata):
35	Servicing Fee Shortfall from Prior Periods	—
36	Servicing Fee Due in Current Period	1,335,340.62
37	Servicing Fee Shortfall
38	Administration Fee (Servicing and Administrative Fees paid pro rata):
39	Administration Fee Shortfall from Prior Periods	—
40	Administration Fee Due in Current Period	5,000.00
41	Administration Fee Shortfall	—
42	Interest Paid to Noteholders	4,122,333.09
43	First Priority Principal Distribution Amount	—
44	Amount Paid to Reserve Account to Reach Specified Balance	—
45	Subtotal: Remaining Available Funds	42,922,711.21
46	Regular Principal Distribution Amount	44,582,073.75
47	Regular Principal Paid to Noteholders (lesser of Item 45 and Item 46)	42,922,711.21
48	Other Amounts paid to Trustees	—

49	Remaining Available Funds	—


Volkswagen Auto Lease Trust 2005-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended April 2005		PAGE 2


E.	*CALCULATIONS*

50	Calculation of First Priority Principal Distribution Amount:
51	Outstanding Principal Amount of the Notes (Beg. Of Collection Period)	1,391,884,324.88
52	Less: Aggregate Securitization Value (End of Collection Period)	(1,566,403,375.13	)

53	First Priority Principal Distribution Amount (not less than zero)	—


54	Calculation of Regular Principal Distribution Amount:
55	Outstanding Principal Amount of the Notes (Beg. Of Collection Period)	1,391,884,324.88
56	Less: First Priority Principal Distribution Amount	—
57	Less: Targeted Note Balance	(1,347,302,251.13	)

58	Regular Principal Distribution Amount	44,582,073.75


59	Calculation of Targeted Note Balance:
60	Aggregate Securitization Value (End of Collection Period)	1,566,403,375.13
61	Less: Targeted Overcollateralization Amount (13% of Initial Securitzation Value)	(219,101,124.00	)
62	Targeted Note Balance	1,347,302,251.13

63	Calculation of Servicer Advance:
64	Available Funds, prior to Servicer Advances (Item 28)	48,385,384.92
65	Less: Payment Date Advance Reimbursement (Item 77)	—
66	Less: Servicing Fees Paid (Items 35, 36 and 37)	1,335,340.62
67	Less: Administration Fees Paid (Items 38, 39 and 40)	5,000.00
68	Less: Interest Paid to Noteholders (Item 42)	4,122,333.09
69	Less: 1st Priority Principal Distribution (Item 43)	—

70	Equals: Remaining Available Funds before Servicer Advance (If < 0, Available Funds Shortfall)	42,922,711.21
71	Monthly Lease Payments Due on Included Units but not received (N/A if Item 70 > 0)	N/A

72	Servicer Advance (If Item 70 < 0, lesser of Item 71 and absolute value of Item 70, else 0)	—

73	Total Available Funds after Servicer Advance (Item 70 plus Item 72)	42,922,711.21

74	Reserve Account Draw Amount (If Item 73 is < 0, Lesser of the Reserve Account Balance and Item 73)	—

75	Reconciliation of Servicer Advance:
76	Beginning Balance of Servicer Advance	—
77	Payment Date Advance Reimbursement	—
78	Additional Payment Advances for current period	—

79	Ending Balance of Payment Advance	—

F.	*RESERVE ACCOUNT*

80	Reserve Account Balances:
81	Specified Reserve Account Balance (1% of Initial Securitized Value)	16,853,932.58
82	Initial Reserve Account Balance	16,853,932.58
83	Beginning Reserve Account Balance	16,853,932.58
84	Plus: Net Investment Income for the Collection Period	37,677.68

85	Subtotal: Reserve Fund Available for Distribution	16,891,610.26
86	Plus: Deposit of Excess Available Funds to reach Specified Balance (Item 44)	—
87	Less: Reserve Account Draw Amount (Item 74)	—

88	Subtotal Reserve Account Balance	16,891,610.26
89	Less: Excess Reserve Account Funds to Transferor (If Item 88 > Item 81)	37,677.68

90	Equals: Ending Reserve Account Balance	16,853,932.58


91	Change in Reserve Account Balance from Immediately Preceding Payment Date	—


92	Current Period Net Residual Losses:	Units		Amounts
93	Aggregate Securitization Value for Scheduled Terminated Units		—		—
94a	Less: Sales Proceeds for Current Month Scheduled Terminations				—
94b	Less: Sales Proceeds/Recoveries for Prior Month Scheduled Terminations				—
95	Less: Excess Wear and Tear Received				—
96	Less: Excess Mileage Received				—
97	Current Period Net Residual Losses/(Gains)		—		—

98	Cumulative Net Residual Losses:
99	Beginning Cumulative Net Residual Losses		—		—
100	Current Period Net Residual Losses (Item 97)		—		—

101	Ending Cumulative Net Residual Losses		—		—

102	Cumulative Net Residual Losses/(Gains) as a % of Aggregate Initial Securitization Value				0.00	%


Volkswagen Auto Lease Trust 2005-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended April 2005		PAGE 3


G.	*POOL STATISTICS*

103	Collateral Pool Balance Data	*Initial*			Current

104	Initial Aggregate Securitization Value		1,685,393,258			1,566,403,375
105	Number of Current Contracts		72,157			70,539
106	Weighted Average Lease Rate		3.59	%		3.61	%
107	Average Remaining Term		27.48			24.25
108	Average Original Term		42.98			43.61
109	Monthly Prepayment Speed					98.00	%


		*Units*			*Book Amount*			*Securitization Value*
110	Pool Balance - Beginning of Period		71,095			1,769,812,430			1,602,408,748
111	Depreciation/Payments					(25,393,938	)		(24,419,958	)
112	Gross Credit Losses		(31	)		(635,550	)		(644,371	)
113	Early Terminations		(525	)		(11,743,737	)		(10,941,043	)
114	Scheduled Terminations		—			—			—
115	Repurchase/Reallocation		—			—			—

116	Pool Balance - End of Period		70,539			1,732,039,205			1,566,403,375


117	Delinquencies Aging Profile - End of Period	*Units*		*Securitization Value*		*Percentage*
118	Current		70,007		1,555,586,030		99.31	%
119	31 - 90 Days Delinquent		482		9,722,670		0.62	%
120	90+ Days Delinquent		50		1,094,676		0.07	%

121	Total		70,539		1,566,403,375		100.00	%

122	Credit Losses:			*Units*		*Amounts*
123	Aggregate Securitization Value on charged-off units				31		644,371
124	Aggregate Liquidation Proceeds on charged-off units						(445,017	)
125	Recoveries on charged-off units						—

126	Current Period Aggregate Net Credit Losses/(Gains)				31		199,354


127	Cumulative Net Credit Losses:
128	Beginning Cumulative Net Credit Losses				7		67,361
129	Current Period Net Credit Losses (Item 119)				31		199,354

130	Ending Cumulative Net Residual Losses				38		266,716

131	Cumulative Net Credit Losses/(Gains) as a % of Aggregate Initial Securitization Value						0.02	%

Volkswagen Auto Lease Trust 2005-A

MONTHLY SERVICER CERTIFICATE

For the collection period ended April 2005

PAGE 4

SCHEDULED REDUCTION IN AGGREGATE SECURITIZATION VALUE


		*Scheduled*
*Payment Date*		*Reduction* ⁽¹⁾
	6/20/2005		19,441,527
	7/20/2005		22,063,887
	8/20/2005		37,125,040
	9/20/2005		39,371,883
	10/20/2005		47,614,404
	11/20/2005		47,952,028
	12/20/2005		43,151,477
	1/20/2006		39,692,554
	2/20/2006		37,437,685
	3/20/2006		35,320,526
	4/20/2006		39,075,999
	5/20/2006		35,380,724
	6/20/2006		31,497,558
	7/20/2006		33,640,569
	8/20/2006		49,405,817
	9/20/2006		50,537,793
	10/20/2006		50,768,277
	11/20/2006		50,976,751
	12/20/2006		51,688,741
	1/20/2007		52,160,478
	2/20/2007		43,371,547
	3/20/2007		35,386,607
	4/20/2007		36,406,987
	5/20/2007		35,253,782
	6/20/2007		28,061,552
	7/20/2007		30,174,522
	8/20/2007		35,281,732
	9/20/2007		36,834,237
	10/20/2007		42,128,057
	11/20/2007		35,471,489
	12/20/2007		32,693,224
	1/20/2008		28,998,193
	2/20/2008		23,062,692
	3/20/2008		35,792,686
	4/20/2008		47,408,324
	5/20/2008		28,347,128
	6/20/2008		33,928,167
	7/20/2008		34,854,021
	8/20/2008		24,485,243
	9/20/2008		22,415,381
	10/20/2008		21,347,909
	11/20/2008		15,704,169
	12/20/2008		22,342,478
	1/20/2009		16,781,201
	2/20/2009		1,020,045
	3/20/2009		261,095
	4/20/2009		228,481
	5/20/2009		195,613
	6/20/2009		217,978
	7/20/2009		260,732
	8/20/2009		274,315
	9/20/2009		303,375
	10/20/2009		631,399
	11/20/2009		752,292
	12/20/2009		973,968
	1/20/2010		438,591
	2/20/2010		9,443
	3/20/2010		1,003
	4/20/2010		—

	*Total*		1,566,403,375

(1)

This column represents the monthly reduction in the Aggregate Securitization Value, assuming (1) each collection period is a calendar month rather than a fiscal month, (2) timely receipt of all monthly rental payments and sales proceeds, (3) no credit or residual losses and (4) no prepayments (including defaults, purchase option exercises or other early lease terminations). Actual cash flows are likely to vary from these amounts.

Volkswagen Auto Lease Trust 2005-A 8-K