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Exhibit 99.01

Residual Value Obligation

Quarterly certificate for the quarter ended June 30, 2003

        The information below is being disclosed pursuant to the Residual Value Obligation Agreement dated as of April 3, 2000 between Associates First Capital Corporation and the Chase Manhattan Bank, as Trustee. Terms used and not otherwise defined herein have the meaning assigned to them in the Residual Value Agreement.

Securitization Distribution Dates during quarter:			April 15, 2003	May 15, 2003		June 16, 2003
Allocation Dates during quarter:			April 16, 2003	May 16, 2003		June 17, 2003
Payment Date during quarter:						NA
AFCC Amount at beginning of quarter:					$	514,791,749
AFCC Amount at end of quarter:					$	510,769,644
On the Payment Date during the quarter:
Accrued RVO Payment Amount as of the immediately preceding Allocation Date:					$	—
Interest accrued on Accrued RVO Payment Amount since immediately preceding Allocation Date:					$	—
Accrued RVO Payment Amount as of such Payment Date:					$	—
Number of RVO's outstanding as of the applicable record date						N/A
Payment per RVO:					$	—
As of the first Allocation Date during the quarter:
Residual Cash Flow:
	Residual Cash Flow Allocated for current period				$	16,071,347
	Cumulative Residual Cash Flow not covered by allocation (to be carried forward)				$	—
	Excess Litigation Reserve allocated:				$	—
RVO Expenses:
	Residual Cash Flow allocated to RVO Expenses:				$	5,830
	Cumulative RVO Expenses not covered by allocation (to be carried forward):				$	—
Litigation Expenses:
	Residual Cash Flow allocated to Litigation Expenses:				$	6,645
	Cumulative Litigation Expenses not covered by allocation (to be carried forward):				$	—
AFCC Amount:
	AFCC Amount at end of immediately preceding Allocation Date:				$	514,791,749
		plus:    AFCC Interest added on immediately preceding Securitization Distribution Date:			$	6,434,897
		less:    Residual Cash Flow allocated to AFCC Amount:			$	(16,058,872	)
	AFCC Amount after allocation:				$	505,167,774
Accrued RVO Payment Amount:
	Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date:				$	—
		plus:    cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made:			$	—
	Accrued RVO Payment Amount on such Allocation Date:				$	—
As of the second Allocation Date during the quarter:
Residual Cash Flow:
	Residual Cash Flow allocated for current period				$	4,838,528
	Cumulative Residual Cash Flow not covered by allocation (to be carried forward)				$	—
	Excess Litigation Reserve allocated:				$	—
RVO Expenses:
	Residual Cash Flow allocated to RVO Expenses:				$	—
	Cumulative RVO Expenses not covered by allocation (to be carried forward):				$	—
Litigation Expenses:
	Residual Cash Flow allocated to Litigation Expenses:				$	1,269
	Cumulative Litigation Expenses not covered by allocation (to be carried forward):				$	—

AFCC Amount:
	AFCC Amount at end of immediately preceding Allocation Date:		$	505,167,774
		plus:    AFCC Interest added on immediately preceding Securitization Distribution Date:	$	6,314,597
		less:    Residual Cash Flow allocated to AFCC Amount:	$	(4,837,259	)
	AFCC Amount after allocation:		$	506,645,112
Accrued RVO Payment Amount:
	Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date:		$	—
		plus:    cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made:	$	—
	Accrued RVO Payment Amount on such Allocation Date:		$	—
As of the third Allocation Date during the quarter:
Residual Cash Flow:
	Residual Cash Flow allocated for current period		$	2,208,532
	Cumulative Residual Cash Flow not covered by allocation (to be carried forward)		$	—
	Excess Litigation Reserve allocated:		$	—
RVO Expenses:
	Residual Cash Flow allocated to RVO Expenses:		$	0
	Cumulative RVO Expenses not covered by allocation (to be carried forward):		$	—
Litigation Expenses:
	Residual Cash Flow allocated to Litigation Expenses:		$	—
	Cumulative Litigation Expenses not covered by allocation (to be carried forward):		$	—
AFCC Amount:
	AFCC Amount at end of immediately preceding Allocation Date:		$	506,645,112
		plus:    AFCC Interest added on immediately preceding Securitization Distribution Date:	$	6,333,064
		less:    Residual Cash Flow allocated to AFCC Amount:	$	(2,208,532	)
	AFCC Amount after allocation:		$	510,769,644
Accrued RVO Payment Amount:
	Residual Cash Flow allocated to Accrued RVO Payment Amount on such Allocation Date:		$	—
		plus:    cumulative Residual Cash Flow allocated to, and cumulative interest accrued on, Accrued RVO Payment Amount since most recent Payment Date on which RVO Payments were made:	$	—
	Accrued RVO Payment Amount on such Allocation Date:		$	—

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Exhibit 99.01

Residual Value Obligation Quarterly certificate for the quarter ended June 30, 2003