UNITED STATES ~~SECURITIES~~ ~~AND EXCHANGE COMMISSION~~

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report ~~Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934~~

~~Date of~~Pursuant ~~Report~~to ~~(Date~~Section 13 ofor ~~Earliest Event Reported~~15(d) ~~March 30,~~of ~~2011~~the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) November 16, 2011

Volkswagen Auto Lease/Loan Underwritten Funding, LLC

VW Credit Leasing, Ltd.

Volkswagen ~~Auto~~Credit, ~~Loan~~Inc. ~~Enhanced Trust 2011-1~~

~~(Exact~~Volkswagen ~~Names~~Auto ofLease ~~Depositor/Co-Registrant/Issuing~~Trust ~~Entity as Specified in their Charters)~~2011-A

~~Delaware~~ (~~State~~Exact orNames ~~Other~~of ~~Jurisdiction~~Co-Registrants/Sponsor/Issuing ofEntity ~~Incorporation~~as Specified in their Charters)

333-160515		11-3650483
333-160515-01		38-6738618
(Commission File Numbers)		(Registrants’ I.R.S. Employer Identification Nos.)
2200 Ferdinand Porsche Drive Herndon, VA		20171
(Address of Principal Executive Offices)		(Zip Code)

Delaware

(~~703) 364-7000 (Registrant’s~~State ~~Telephone~~or ~~Number,~~Other ~~Including~~Jurisdiction ~~Area~~of ~~Code~~Incorporation)

Not Applicable (Former Name or Former Address, if Changed Since Last Report)


333-160515 333-160515-01		11-365048-3 38-6738618
(Commission File Numbers)		(Registrants’ I.R.S. Employer Identification Nos.)

2200 Ferdinand Porsche Drive Herndon, Virginia		20171
(Address of Principal Executive Offices)		(Zip Code)

(703) 364-7000

(Co-Registrants’ Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Form 8-K re: transaction documents

Item 8.01.

Other Events.

The ~~Registrant and~~ Co-~~Registrant~~Registrants are filing the exhibits listed in Item 9.01(d) below in connection with the issuance of the of Class A-1 0.~~28830~~46125% ~~Auto Loan Asset Backed~~ Notes, Class A-2 0 1.6700% ~~Auto Loan Asset Backed~~ Notes, Class A-3 1.2220% ~~Auto Loan Asset Backed~~ Notes and Class A-4 1.9839% ~~Auto Loan Asset Backed~~ Notes (the “Notes”) by Volkswagen Auto ~~Loan~~Lease ~~Enhanced~~ Trust 2011-1 A (the “Issuing Entity”) described in the ~~Final~~ Prospectus Supplement dated ~~March~~November 2216, 2011 and the Prospectus dated November 16, 2011.

Item 9.01.

Financial Statements and Exhibits.

(a) Not applicable. ~~(b) Not applicable. (c) Not applicable. (d) Exhibits.~~

Exhibit
No.		Document Description
4.1		Indenture, dated as of March 30, 2011, between Volkswagen Auto Loan Enhanced Trust 2011-1 (the “Issuer”) and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”).
10.1		Purchase Agreement, dated as of March 30, 2011, between VCI and VALU Funding.
10.2		Sale and Servicing Agreement, dated as of March 30, 2011, among the Issuer, VALU Funding, VCI and the Indenture Trustee.
10.3		Administration Agreement, dated as of March 30, 2011, among the Issuer, VCI as administrator, and the Indenture Trustee.
10.4		Amended and Restated Trust Agreement, dated as of March 30, 2011, between VALU Funding, Citibank, N.A., not in its individual capacity but solely as owner trustee (the “Owner Trustee”) for the Issuer, and Citigroup Trust — Delaware, National Association as issuer Delaware trustee.

(b)

Not applicable.

~~Form 8-K~~(c) ~~re:~~Not ~~transaction documents~~ applicable.

(d)

Exhibits.


Exhibit No.		Document Description

1.1		Underwriting Agreement, dated as of November 16, 2011, between Volkswagen Auto Lease/Loan Underwritten Funding, LLC, VW Credit, Inc., and Barclays Capital Inc., as representative of the several underwriters.

4.1		Indenture to be dated as of November 22, 2011 between the Issuing Entity and Deutsche Bank Trust Company Americas, as indenture trustee.

10.1		Transaction SUBI Supplement 2011-A to Origination Trust Agreement, to be dated as of November 22, 2011 between VW Credit, Inc., as settlor and initial beneficiary, and U.S. Bank National Association, as UTI trustee, administrative trustee and SUBI trustee.

10.2		Transaction SUBI Supplement 2011-A to Servicing Agreement, to be dated as of November 22, 2011 between VW Credit Leasing, Ltd., as origination trust, U.S. Bank National Association as SUBI trustee and VW Credit, Inc. as Servicer.

10.3		SUBI Sale Agreement, to be dated as of November 22, 2011, between VW Credit, Inc. as seller and Volkswagen Auto Lease/Loan Underwritten Funding, LLC, as buyer.

10.4		SUBI Transfer Agreement, to be dated as of November 22, 2011, between Volkswagen Auto Lease/Loan Underwritten Funding, LLC, as seller, and Volkswagen Auto Lease Trust 2011-A, as buyer.

10.5		Amended and Restated Trust Agreement, to be dated as of November 22, 2011, between Volkswagen Auto Lease/Loan Underwritten Funding, LLC, as depositor, and Citibank, N.A., as owner trustee and Citigroup Trust – Delaware, N.A., as issuer Delaware trustee.

10.6		Administration Agreement, to be dated as of November 22, 2011, among Volkswagen Auto Lease Trust 2011-A, as issuer, VW Credit, Inc., as administrator and Deutsche Bank Trust Company Americas, as indenture trustee.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the ~~registrant~~Co- Registrants, Volkswagen Auto Lease/Loan Underwritten Funding, LLC and VW Credit Leasing, Ltd. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 30, 2011	VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2011-1
Dated: November 18, 2011				VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC
	~~By:~~	~~VW Credit, Inc., as Servicer~~		By:	/s/ Martin Luedtke
	By:	/s/ Martin Luedtke
				Name:	Martin Luedtke
		Name:	Martin Luedtke
				Title:	Treasurer
		Title:	Treasurer
				By:	/s/ Lawrence S. Tolep
	By:	/s/ Lawrence S. Tolep
				Name:	Lawrence S. Tolep
		Name:	Lawrence S. Tolep
				Title:	Assistant Treasurer
		Title:	Assistant Treasurer
				VW CREDIT LEASING, LTD.
				By: VW Credit, Inc., as Servicer
				By:	/s/ Martin Luedtke
				Name:	Martin Luedtke
				Title:	Treasurer
				By:	/s/ Lawrence S. Tolep
				Name:	Lawrence S. Tolep
				Title:	Assistant Treasurer

~~Form~~ 8-K re: ~~transaction~~final ~~documents~~Underwriting Agreement

and transaction documents

Filing Compare · VW CREDIT LEASING LTD