Fitch Issues Presale Report On BMW Vehicle Owner Trust 2001-A

    NEW YORK--May 8, 2001--Fitch has issued a presale report on BMW Vehicle Owner Trust 2001-A discussing the rating analysis behind Fitch's expected `AAA' ratings on the class A notes and `A+' ratings on the class B notes. The 2001-A transaction is the first public term auto loan securitization done by BMW Financial Services NA, LLC (BMW FS) since 1999-A. The securities are backed by a pool of prime retail installment sales contracts secured by new and used automobiles, light duty trucks and motorcycles.
    A copy of the report is available on Fitch's web site at 'www.fitchratings.com' or by contacting Market Services at 1- 800-853-4824.