Exhibit 99.3








                          Independent Auditor's Report


The Board of Directors
The CIT Group, Inc.:

We have examined management's assertion about The CIT Group/Sales Financing,
Inc. and The CIT Group/Consumer Finance Inc.'s (the Companies), both
wholly-owned subsidiaries of The CIT Group, Inc., compliance with the minimum
servicing standards identified in the Mortgage Bankers Association of America's
Uniform Single Attestation Program for Mortgage Bankers as of and for the year
ended December 31, 2000 included in the accompanying management assertion.
Management is responsible for the Companies' compliance with those minimum
servicing standards. Our responsibility is to express an opinion on management's
assertion about the Companies' compliance based on our examination.

Our examination was made in accordance with the standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Companies' compliance with the
minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Companies' compliance with the minimum servicing
standards.

In our opinion, management's assertion that the Companies have complied in all
material respects with the aforementioned minimum servicing standards as of and
for the year ended December 31, 2000 is fairly stated, in all material aspects.


/s/ KPMG LLP
-----------------------
KPMG LLP

March 1, 2001