Fitch Upgrades 2 from Whole Auto Loan Trust 2003-1 & Affirms 2004-1

NEW YORK--June 27, 2006--Fitch upgrades two classes and affirms six classes of two Whole Auto Loan Trust transactions. The rating actions are as follows:

Whole Auto Loan Trust 2003-1

-- Class A notes affirmed at 'AAA'

-- Class B notes upgraded to 'AAA' from 'AA'

-- Class C notes upgraded to 'AA' from 'A+'

Whole Auto Loan Trust 2004-1

-- Class A notes affirmed at 'AAA'

-- Class B notes affirmed at 'AA'

-- Class C notes affirmed at 'A+'

-- Class D notes affirmed 'BBB'

The rating actions are a result of increased available credit enhancement in excess of stressed remaining losses. Current principal allocation and expected future cashflows are also contributing factors.

The collateral continues to perform within Fitch's base case expectations. Currently, under the credit enhancement structure, the securities can withstand stress scenarios consistent with the rating categories and still make full payments of interest and principal in accordance with the terms of the documents.

As before, the ratings reflect the quality of DaimlerChrysler Services North America LLC (DCS), Ford Motor Credit Company (Ford Credit), General Motors Acceptance Corporation (GMAC), and Volvo Finance North America, Inc. (Volvo) retail auto loan originations, the sound financial and legal structure of the transaction, and the strength of servicing provided by DCS, Ford, GMAC, and Volvo.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.