Exhibit 20.3
Page 1 of 3
MONTHLY SERVICER AND SETTLEMENT CERTIFICATE #30
DEALER NOTE MASTER TRUST
-------------------
DEALER NOTE ASSET BACKED CERTIFICATES,
SERIES 1995-1
Under the Series 1995-1 Supplement dated as of June 8, 1995 (the "Supplement")
by and among Navistar Financial Corporation, ("NFC"), Navistar Financial
Securities Corporation ("NFSC") and The Bank of New York, as trustee (the
"Master Trust Trustee") to the Pooling and Servicing Agreement dated as of June
8, 1995 (the "Agreement") by and among NFC, NFSC, the Master Trust Trustee and
The Chase Manhattan Bank (survivor in the merger between The Chase Manhattan
Bank and Chemical Bank which was the survivor in the merger between Chemical
Bank and Manufacturers Hanover Trust Company), as 1990 Trust Trustee, the Master
Trust Trustee is required to prepare certain information each month regarding
current distributions to certain accounts and payment to Series 1995-1
Certificateholders as well as the performance of the Master Trust during the
previous month. The information which is required to be prepared with respect to
the Distribution Date of January 26, 1998, the Transfer Date of January 23, 1998
and with respect to the performance of the Master Trust during the Due Period
ended on December 31, 1997 and the Distribution Period ended January 23, 1998 is
set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Investor Certificate. Certain other
information is presented based on the aggregate amounts for the Master Trust as
a whole. Capitalized terms used but not otherwise defined herein shall have the
meanings assigned to such terms in the Agreement and the Supplement.
1. NFC is Servicer under the Agreement.
2. The undersigned is a Servicing Officer.
3. Eligible Investments in the Excess Funding Account:
a. The aggregate amount of funds invested in Eligible
Investments . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. Description of each Eligible Investment: . . . . . Not Applicable
c. The rate of interest applicable to each such
Eligible Investment . . . . . . . . . . . . . . . . Not Applicable
d. The rating of each such Eligible Investment . . . . Not Applicable
4. The total amount to be distributed on the Series 1995-1
Certificate on the Distribution Date:
a. The total aggregate amount . . . . . . . . . . . . . $1,103,837.67
b. Stated on the basis of $1,000 original principal
amount . . . . . . . . . . . . . . . . . . . . . . . . . $5.51919
Exhibit 20.3
Page 2 of 3
5. The total amount, if any, to be distributed on
the Series 1995-1 Certificate on the Distribution
Date allocable to the Invested Amount. . . . . . . . . . . . . . . $0.00
6. The total amount, if any, to be distributed on
the Series 1995-1 Certificates on the Distribution
Date allocable to interest on the Series 1995-1
Certificates . . . . . . . . . . . . . . . . . . . . . . . $1,103,837.67
7. The Invested Amount as of the Distribution Date . . $200,000,000.00
(after giving effect to all distributions that
will occur on the Distribution Date)
8. Eligible Investments in the Series Principal Account:
a. The aggregate amount of funds invested in Eligible
Investments . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. Description of each Eligible Investment: . . . . . Not Applicable
c. The rate of interest applicable to each such
Eligible Investment . . . . . . . . . . . . . . . . Not Applicable
d. The rating of each such Eligible Investment . . . . Not Applicable
9. Eligible Investments in the Negative Carry Reserve Fund:
a. The aggregate amount of funds invested in
Eligible Investments . . . . . . . . . . . . . . . . . . . . $0.00
b. Description of each Eligible Investment: . . . . . Not Applicable
c. The rate of interest applicable to each such
Eligible Investment . . . . . . . . . . . . . . . . Not Applicable
d. The rating of each such Eligible Investment . . . . Not Applicable
10. Eligible Investments in the Liquidity Reserve Account:
a. The aggregate amount of funds invested in
Eligible Investments . . . . . . . . . . . . . . . . . . . . $0.00
b. Description of each Eligible Investment: . . . . . Not Applicable
c. The rate of interest applicable to each such
Eligible Investment . . . . . . . . . . . . . . . . Not Applicable
d. The rating of each such Eligible Investment . . . . Not Applicable
11. The aggregate amount of Dealer Notes issued to
finance OEM Vehicles, as of the end of the Due
Period . . . . . . . . . . . . . . . . . . . . . . . . . .$9,948,692.32
Exhibit 20.3
Page 3 of 3
12. The Dealers with the five largest aggregate
outstanding principal amounts of Dealer Notes
in the 1990 Trust as of the end of the Due Period:
i) Prairie International Trucks Inc.
ii) Longhorn Int'l. Eq. Inc.
iii) Southwest International Trucks Inc.
iv) Olympic International
v) Southland International
13. Required Monthly Interest Reserve Amount as of
the Distribution Date: . . . . . . . . . . . . . . . . . . . $300,000.00
14. Actual Monthly Interest Reserve Amount as of
the Distribution Date: . . . . . . . . . . . . . . . . . . . $300,000.00
NAVISTAR FINANCIAL CORPORATION,
as Servicer
By:/s/ X. X. Xxxx
X. X. Xxxx
Vice President and Treasurer
