Exhibit 20.3
Page 1 of 2
MONTHLY SERVICER AND SETTLEMENT CERTIFICATE #9
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 Serving Agreement dated as of
June 8, 1995 (the "Agreement") by and among NFC, NFSC, the Master Trust
Trustee and Chemical Bank, 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 Certificate-
holders 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 March 25, 1996, the Transfer Date of March 25, 1996 and
with respect to the performance of the Master Trust during the Due Period
ended on February 29, 1996 and the Distribution Period ended March 25, 1996
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 $875,486.89
b. Stated on the basis of $1,000 original principal
amount $4.37743
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. $875,486.89
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)
Exhibit 20.3
Page 2 of 2
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 Due Period. $8,564,138.24
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) Longhorn Int'l Eq. Inc
ii) Xxxxxx Motor Trucks
iii) Xxxxxx Equip Inc
iv) Prairie Int'l Trks
v) Southland Int'l Trks
NAVISTAR FINANCIAL CORPORATION,
as Servicer
By:/s/ X. X. Xxxx
X. X. Xxxx
Vice President and Treasurer
