Exhibit 99.1

Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 5-28-2005

Input

PAGE 1

DATES

Begin

End

# days

Determination Date

6/16/2005

Payment Date

6/20/2005

Collection Period

5/1/2005

5/28/2005

Monthly Interest Period — Actual

5/20/2005

6/19/2005

Monthly Interest — Scheduled


B.	*SUMMARY*

		*Initial Balance*			*Beginning Balance*		*Principal Payment*		*Ending Balance*		*Note Factor*
6	Class A-1 Notes		321,000,000.00			—		—		—		—
7	Class A-2 Notes		437,000,000.00			436,799,865.65		39,458,792.28		397,341,073.37		0.9092473
8	Class A-3 Notes		326,000,000.00			326,000,000.00		—		326,000,000.00		1.0000000
9	Class A-4a Notes		100,000,000.00			100,000,000.00		—		100,000,000.00		1.0000000
9b	Class A-4b Notes		316,000,000.00			316,000,000.00		—		316,000,000.00		1.0000000
10	Certificates		209,401,709.41			209,401,709.41		—		209,401,709.41		1.0000000

11	Equals: Total Securities	$	1,709,401,709.41		$	1,388,201,575.06	$	39,458,792.28	$	1,348,742,782.78


							*Per $1000*		*Principal & Interest*			*Per $1000*
		*Coupon Rate*			*Interest Pmt Due*		*Face Amount*		*Payment Due*		*Face Amount*
12	Class A-1 Notes		1.9992	%		—		—		—		—
13	Class A-2 Notes		2.4700	%		899,079.72		2.0583333		40,357,872.00		92.3944240
14	Class A-3 Notes		2.8400	%		771,533.33		2.3666667		771,533.33		2.3666667
15	Class A-4a Notes		3.0900	%		257,500.00		2.5750000		257,500.00		2.5750000
15b	Class A-4b Notes		3.1900	%		868,034.44		2.7469444		868,034.44		2.7469444

	Equals: Total Securities					2,796,147.50				42,254,939.78


C.	*COLLECTIONS AND AVAILABLE FUNDS*

16	Lease Payments Received	25,308,656.03
17	Sales Proceeds - Early Terminations	16,366,766.77
18	Sales Proceeds - Scheduled Terminations	5,219,850.49
19	Security Deposits for Terminated Accounts	82,199.00
20	Excess Wear and Tear Received	38,941.34
21	Excess Mileage Charges Received	80,296.73
22	Other Recoveries Received	298,305.14

23	Subtotal: Total Collections	47,395,015.50

24	Repurchase Payments	—
25	Postmaturity Term Extension	304,873.35
25e	Net Swap Receipt - Class A-4b	59,074.44
26	Investment Earnings on Collection Account	137,589.91

27	Total Available Funds, prior to Servicer Advances	47,896,553.20

28	Servicer Advance	—

29	Total Available Funds	47,896,553.20


D.	*DISTRIBUTIONS*

30	Payment Date Advance Reimbursement (Item 71)		—
31	Servicing Fee (Servicing and Administrative Fees paid pro rata):
32	Servicing Fee Shortfall from Prior Periods		—
33	Servicing Fee Due in Current Period		1,156,834.65
34	Servicing Fee Shortfall			—
35	Administration Fee (Servicing and Administrative Fees paid pro rata):
36	Administration Fee Shortfall from Prior Periods		—
37	Administration Fee Due in Current Period		5,000.00
38	Administration Fee Shortfall		—
38e	Net Swap Payment - Class A-4b		—
38f	Senior Swap Termination Payment (paid pro rata with Noteholder Interest payment)		—
39	Interest Paid to Noteholders (paid pro rata with Senior Swap Termination Payment)		2,796,147.50
40	Subtotal: Remaining Available Funds	43,938,571.06
41	Principal Distribution Amount (Item 59)	39,458,792.28
42	Principal Paid to Noteholders (lesser of Item 40 and Item 41)		39,458,792.28
43	Amount Paid to Reserve Account to Reach Specified Balance		—
43b	Subordinated Swap Termination Payments		—
44	Other Amounts paid to Trustees		—

45	Remaining Available Funds		4,479,778.78

Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 5-28-2005

PAGE 2


E.	*CALCULATIONS*

46	Calculation of Principal Distribution Amount: (Sum of)
47	a) Targeted Principal Distributable Amount:
48	For Current Units: Change in Securitization Value	17,064,159.53
49	For Current Units: Change in Securitization Value for Advanced Payments	—
50	For All Terminated Units: Securitization Value (Beg. of Collection Period)	22,089,759.40
51	For Repurchases: Securitization Value (Beg. Of Collection Period)	304,873.35
52	b) Principal Carryover Shortfall from Preceding Payment Date	—
53	c) Additional Amounts to pay in full Notes on or after Final Scheduled Payment Date	—

54	Principal Distribution Amount before Reserve Account Draw Amount	39,458,792.28

55	Remaining Available Funds (Item 40)	43,938,571.06
56	Available Funds Shortfall Amount (If Item 54 > 55, Item 54 less Item 55, else 0)	—
57	Reserve Account Draw Amount (If Item 56 is > 0, Lesser of the Reserve Account Balance and Item 56)	—
58	Principal Carryover Shortfall (If Item 56 > Item 57, Item 56 less Item 57, else 0)	—

59	Principal Distribution Amount (If Item 56 > 0, Item 57 plus Item 55, else Item 54)	39,458,792.28


60	Calculation of Servicer Advance:
61	Available Funds, prior to Servicer Advances (Item 27)	47,896,553.20
62	Less: Payment Date Advance Reimbursement (Item 71)	—
63	Less: Servicing Fees Paid (Items 32, 33 and 34)	1,156,834.65
64	Less: Administration Fees Paid (Items 36, 37 and 38)	5,000.00
65	Less: Interest Paid to Noteholders and Swap Counterparties (Items 38e, 38f, and 39)	2,796,147.50
66	Less: Principal Paid to Noteholders (Item 42)	39,458,792.28
67	Less: Amount Paid to Reserve Account to Reach Specified Balance (Item 43)	—
68	Less: Subordinated Swap Termination Payments (Item 43b)	—
69	Less: Other Amounts paid to Trustees (Item 44)	—

70	Equals: Remaining Available Funds before Servicer Advance (If < 0, Available Funds Shortfall)	4,479,778.78
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 70 and Item 71, else 0)	—


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

77	Ending Balance of Payment Advance	—


F.	*RESERVE ACCOUNT*

78	Reserve Account Balances:
79	Specified Reserve Account Balance				51,282,051.28
80	Initial Reserve Account Balance				17,094,017.09
81	Beginning Reserve Account Balance				51,282,051.28
82	Plus: Net Investment Income for the Collection Period				126,111.03

83	Subtotal: Reserve Fund Available for Distribution				51,408,162.31
84	Plus: Deposit of Excess Available Funds (Item 43)				—
85	Less: Reserve Account Draw Amount (Item 57)				—

86	Subtotal Reserve Account Balance				51,408,162.31
87	Less: Excess Reserve Account Funds to Transferor (If Item 86 > Item 79)				126,111.03

88	Equals: Ending Reserve Account Balance				51,282,051.28


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


90	Current Period Net Residual Losses:	*Units*		*Amounts*
91	Aggregate Securitization Value for Scheduled Terminated Units		432		5,792,463.90
92a	Less: Sales Proceeds for Current Month Scheduled Terminations				(5,261,850.49	)
92b	Less: Sales Proceeds/Recoveries for Prior Month Scheduled Terminations				(113,321.76	)
93	Less: Excess Wear and Tear Received				(38,941.34	)
94	Less: Excess Mileage Received				(80,296.73	)

95	Current Period Net Residual Losses/(Gains)		432		298,053.58

96	Cumulative Net Residual Losses:
97	Beginning Cumulative Net Residual Losses		1,343		1,502,910.53
98	Current Period Net Residual Losses (Item 95)		432		298,053.58

99	Ending Cumulative Net Residual Losses		1,775		1,800,964.11

100	Cumulative Net Residual Losses/(Gains) as a % of Aggregate Initial Securitization Value				0.11	%

Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 5-28-2005

PAGE 3


G.	*POOL STATISTICS*

101	Collateral Pool Balance Data				*Initial*			Current

102	Initial Aggregate Securitization Value					1,709,401,709			1,348,742,783
103	Number of Current Contracts					85,972			76,200
104	Weighted Average Lease Rate					4.96	%		4.81	%
105	Average Remaining Term					28.67			18.89
106	Average Original Term					44.43			44.45
107	Monthly Prepayment Speed								102.12	%
		*Units*			*Book Amount*			*Securitization Value*

108	Pool Balance - Beginning of Period		77,637			1,469,417,130			1,388,201,575
109	Depreciation/Payments					(21,252,727	)		(17,064,160	)
110	Gross Credit Losses		(60	)		(1,071,439	)		(1,131,768	)
111	Early Terminations		(923	)		(15,845,628	)		(15,165,528	)
112	Scheduled Terminations		(432	)		(6,124,188	)		(5,792,464	)
113	Repurchase/Reallocation		(22	)		(323,041	)		(304,873	)

114	Pool Balance - End of Period		76,200			1,424,800,107			1,348,742,783


115	Delinquencies Aging Profile - End of Period	*Units*			*Securitization Value*			*Percentage*

116	Current		75,415			1,335,382,150			99.01	%
117	31 - 90 Days Delinquent		690			11,631,592			0.86	%
118	90+ Days Delinquent		95			1,729,041			0.13	%

119	Total		76,200			1,348,742,783			100.00	%


120	Credit Losses:				*Units*			*Amounts*

121	Aggregate Securitization Value on charged-off units					60			1,131,768
122	Aggregate Liquidation Proceeds on charged-off units								(672,023	)
123	Recoveries on charged-off units								(82,717	)

124	Current Period Aggregate Net Credit Losses/(Gains)					60			377,028


125	Cumulative Net Credit Losses:
126	Beginning Cumulative Net Credit Losses					371			2,741,141
127	Current Period Net Credit Losses (Item 124)					60			377,028

128	Ending Cumulative Net Residual Losses					431			3,118,169

129	Cumulative Net Credit Losses/(Gains) as a % of Aggregate Initial Securitization Value								0.18	%

Volkswagen Auto Lease Trust 2004-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 5-28-2005

PAGE 4

SCHEDULED REDUCTION IN AGGREGATE SECURITIZATION VALUE

		*Scheduled*
*Payment Date*		*Reduction* (1)
07/20/2005		24,732,619
08/20/2005		26,325,427
09/20/2005		40,676,711
10/20/2005		42,627,502
11/20/2005		39,486,435
12/20/2005		42,966,548
01/20/2006		39,972,897
02/20/2006		35,397,888
03/20/2006		35,383,241
04/20/2006		37,471,468
05/20/2006		36,029,572
06/20/2006		30,611,394
07/20/2006		31,574,530
08/20/2006		28,916,332
09/20/2006		45,156,903
10/20/2006		54,856,705
11/20/2006		54,474,641
12/20/2006		53,797,236
01/20/2007		55,794,008
02/20/2007		50,877,586
03/20/2007		47,491,423
04/20/2007		46,932,091
05/20/2007		43,706,260
06/20/2007		37,747,632
07/20/2007		35,581,213
08/20/2007		35,834,386
09/20/2007		35,437,884
10/20/2007		39,263,826
11/20/2007		46,333,126
12/20/2007		37,118,334
01/20/2008		28,568,833
02/20/2008		22,517,454
03/20/2008		7,644,352
04/20/2008		4,857,242
05/20/2008		8,476,624
06/20/2008		20,654,706
07/20/2008		16,309,859
08/20/2008		12,932,832
09/20/2008		9,566,730
10/20/2008		974,936
11/20/2008		956,040
12/20/2008		620,349
01/20/2009		740,629
02/20/2009		501,250
03/20/2009		132,065
04/20/2009		47,797
05/20/2009		82,400
06/20/2009		151,398
07/20/2009		144,282
08/20/2009		185,553
09/20/2009		101,633
Total:		1,348,742,783


(1)		This column represents the monthly reduction in the Aggregate Securitization Value, assuming
		(a) each collection period is a calendar month rather than a fiscal month,
		(b) timely receipt of all monthly rental payments and sales proceeds,
		(c) no credit or residual losses and
		(d) 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 2004-A 8-K