Exhibit 99.1


Volkswagen Auto Loan Enhanced Trust 2003-1		Input
MONTHLY SERVICER CERTIFICATE
For the collection period ended 5-28-2005	Data Current as of 06/07/2005 12:18:49 PM


A.	*DATES*	Begin	End	# days

1	Determination Date		6/16/2005

2	Payment Date		6/20/2005

3	Collection Period	5/1/2005	5/28/2005	28

4	Monthly Interest Period — Actual/360	5/20/2005	6/19/2005	31

5	Monthly Interest — 30/360			30

B. SUMMARY


		*Initial Balance*			*Beginning Balance*		*Principal Payment*		*Ending Balance*		*Note Factor*
6	Class A-1 Notes		315,000,000.00			—		—		—		—
7	Class A-2 Notes		370,000,000.00			—		—		—		—
8	Class A-3 Notes		385,000,000.00			252,206,412.49		24,736,731.86		227,469,680.63		0.5908303
9	Class A-4 Notes		214,173,000.00			214,173,000.00		—		214,173,000.00		1.0000000
10	Class B Notes		29,559,766.00			29,559,766.00		—		29,559,766.00		1.0000000

11	Total Securities	$	1,313,732,766.00		$	495,939,178.49	$	24,736,731.86	$	471,202,446.63



12	Net Pool Balance	$	1,334,414,493.82		$	502,895,309.88			$	477,756,359.04


							*Per $1000*		*Principal& Interest*		*Per $1000*
		*Coupon Rate*			*Interest Pmt Due*		*Face Amount*		*Payment Due*		*Face Amount*

13	Class A-1 Notes		1.0050	%		—		—		—		—
14	Class A-2 Notes		1.1100	%		—		—		—		—
15	Class A-3 Notes		1.4900	%		313,156.30		1.2416667		25,049,888.16		99.3229629
16	Class A-4 Notes		1.9300	%		344,461.58		1.6083333		344,461.58		1.6083333

	Total Securities					657,617.87				25,394,349.73


C.	*COLLECTIONS AND AVAILABLE FUNDS*

17	Scheduled Principal Payments Received	15,893,540.64
18	Scheduled Interest Payments Received	1,563,533.96
19	Prepayments of Principal Received	137,339.52
20	Liquidation Proceeds	8,854,502.76
21	Recoveries Received	206,461.92
22	Other Payments Received to Reduce Principal	—

23	Subtotal: Total Collections	26,655,378.80

24	Repurchased Receivables	—
25	Reserve Account Excess Amount (Item 85)	23,889.90

26	Total Available Funds, prior to Servicer Advances	26,679,268.70

27	Servicer Advance (Item 68)	—

28	Total Available Funds + Servicer Advance	26,679,268.70

29	Reserve Account Draw Amount (Item 71)	—

30	Total Available Funds + Servicer Advance and Reserve Account Draw Amount	26,679,268.70


D.	*DISTRIBUTIONS*

	Distribution Summary:
31	Prior Advance Reimbursement (Item 74)	—
32	Servicing Fees (Item 38)	413,282.65
33	Class A Noteholder Interest (Item 47)	657,617.87
34	Principal Distribution Amount (Item 72)	24,736,731.86
35	Amount Paid to Reserve Account to Reach Specified Balance	—
36	Other Amounts Paid to Trustees	—

37	Remaining Funds to Certificateholder	871,636.32

Volkswagen Auto Loan Enhanced Trust 2003-1

MONTHLY SERVICER CERTIFICATE

For the collection period ended 5-28-2005

PAGE 2


	Distribution Detail:	Due		Shortfall			Paid

38	Servicing Fees		413,282.65		—			413,282.65


	Pro rata:
39	Class A-1 Interest		—		—			—
40	Class A-2 Interest		—		—			—
41	Class A-3 Interest		313,156.30		—			313,156.30
42	Class A-4 Interest		344,461.58		—			344,461.58
43	Class A-1 Interest Carryover Shortfall		—		—			—
44	Class A-2 Interest Carryover Shortfall		—		—			—
45	Class A-3 Interest Carryover Shortfall		—		—			—
46	Class A-4 Interest Carryover Shortfall		—		—			—

47	Class A Noteholder Interest		657,617.87		—			657,617.87


E.	*CALCULATIONS*

	Calculation of Principal Distribution Amount:
48	Beginning Note Balance - All Classes							495,939,178.49
49	Beginning Net Pool Balance				502,895,309.88
50	Receipts of Scheduled Principal				(15,893,540.64	)
51	Receipts of Prepaid Principal				(137,339.52	)
52	Liquidation Proceeds				(8,854,502.76	)
53	Other Collections of Principal				—
54	Principal Amount of Repurchases				—
55	Principal Amount of Defaulted and Terminated Receivables				(253,567.92	)

56	Ending Net Pool Balance				477,756,359.04
57	Yield Supplement Overcollateralization Amount				6,553,912.41

58	Adjusted Pool Balance				471,202,446.63
59	Less: Adjusted Pool Balance - End of Collection Period							471,202,446.63

60	Calculated Principal Distribution Amount							24,736,731.86


	Calculation of Servicer Advance:
61	Available Funds, prior to Servicer Advances (Item 26)							26,679,268.70
62	Less: Prior Advance Reimbursement (Item 31)							—
63	Less: Servicing Fees Paid (Item 32)							413,282.65
64	Less: Interest Paid to Noteholders (Item 33)							657,617.87
65	Less: Calculated Principal Distribution (Item 60)							24,736,731.86

66	Equals: Remaining Available Funds before Servicer Advance							871,636.32
67	Monthly Loan Payments Due on Included Units but not received (N/A if Item 66 > 0)							N/A

68	Servicer Advance (If Item 66 < 0, lesser of Item 66 and Item 67, else 0)							—


	Calculation of Reserve Account Draw Amount:
69	Remaining Available Funds, before Reserve Account Draw (Item 66 plus Item 68)							871,636.32
70	Available Funds Shortfall Amount (If Item 69 < 0, Item 69, else 0)							—

71	Reserve Account Draw Amount (If Item 70 is > 0, Lesser of Reserve Acct Balance and Item 70)							—



72	Principal Distribution Amount (Item 60 - Available Funds Shortfall + Reserve Account Draw Amt)							24,736,731.86


73	Beginning Balance of Servicer Advance							—
74	Less: Prior Advance Reimbursement							—
75	Plus: Additional Payment Advances for Current Period							—

76	Ending Balance of Payment Advance							—

Volkswagen Auto Loan Enhanced Trust 2003-1

MONTHLY SERVICER CERTIFICATE

For the collection period ended 5-28-2005

PAGE 3


F.	*RESERVE ACCOUNT*

	Reserve Account Balances:
77	Specified Reserve Account Balance						9,852,995.74
78	Initial Reserve Account Balance						6,568,663.83

79	Beginning Reserve Account Balance						9,852,995.74
80	Plus: Net Investment Income for the Collection Period						23,889.90

81	Subtotal: Reserve Fund Available for Distribution						9,876,885.64
82	Plus: Deposit of Excess Available Funds (Item 35)						—
83	Less: Reserve Account Draw Amount (Item 71)						—

84	Subtotal Reserve Account Balance						9,876,885.64
85	Less: Reserve Account Excess Amount to Available Funds (If Item 84 > Item 77)						23,889.90

86	Equals: Ending Reserve Account Balance						9,852,995.74


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


G.	*POOL STATISTICS*

	Collateral Pool Balance Data:	*Initial*			Current

88	Net Pool Balance		1,334,414,494				477,756,359
89	Number of Current Contracts		74,039				45,621
90	Weighted Average Loan Rate		4.21	%			4.06	%
91	Average Remaining Term		51.9				30.3
92	Average Original Term		55.6				58.6


						*Outstanding*
	Net Credit Loss and Repossession Activity:	*Units*				*Principal Balance*

93	Aggregate Outstanding Principal Balance of Charged Off Receivables		23				253,568
94	Liquidation Proceeds on Related Vehicles						—
95	Recoveries Received on Receivables Previously Charged Off						206,462

96	Net Principal Losses for Current Collection Period		23				47,106

97	Beginning Net Principal Losses		624				5,238,437
98	Net Principal Losses for Current Collection Period		23				47,106

99	Cumulative Net Principal Losses		647				5,285,543


							*Outstanding*
	Delinquencies Aging Profile - End of Period:	*Percentage*			*Units*			*Principal Balance*

100	Current		99.35	%		45,355		474,651,192
101	31 - 60 Days Delinquent		0.59	%		241		2,810,276
102	61 - 90 Days Delinquent		0.06	%		25		294,891

103	Total		100.00	%		45,621		477,756,359

VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2003-1 8-K