Securities and Exchange Commission Washington, DC 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report: July 18, 2000 CIT Equipment Collateral 2000-1 ~~A New York Commission File I.R.S. Employer Corporation No. 0001114967 No. 22-6846998~~

c/o AT&T Capital Corporation 650 CIT Drive, Livingston, N.J. 07039 Telephone Number (973) 740-5000 Page 2 of 9 ITEM 5. OTHER CIT EQUIPMENT COLLATERAL 2000-1 MONTHLY SERVICING REPORT

~~-----------------------------------------------------------------------------------------------~~DETERMINATION ~~DISTRIBUTION~~DATE: ~~CLASS~~JULY ~~A-1~~18, ~~CLASS~~2000 ~~A-2a~~COLLECTION ~~CLASS~~PERIOD: ~~A-3~~JUNE ~~CLASS~~30, ~~A-4~~2000 ~~AMOUNTS~~PAYMENT ~~NOTES~~DATE: ~~NOTES~~JULY ~~NOTES~~20, ~~NOTES~~2000 ~~-----------------------------------------------------------------------------------------------~~I. 1AVAILABLE ~~Interest~~FUNDS ~~Due 1,362,687~~A.14 ~~767,006.11~~AVAILABLE ~~1,020,323.98~~PLEDGED ~~587,641~~REVENUES a.01 2Scheduled ~~Interest~~Payments ~~Paid~~Received 1$ 31,~~362~~152,~~687~~998.1467 ~~767,006~~b.11 ~~1,020,323.98~~Liquidation ~~587,641.01~~Proceeds 3Allocated ~~Interest~~to ~~Shortfall~~Owner ~~0.00~~Trust 041,106.0067 0c.00 ~~0.00~~Required ~~((1)~~Payoff ~~minus~~Amounts ~~(2))~~of 4Prepaid ~~Principal~~Contracts ~~Paid 28~~3,~~810~~992,~~198~~018.0724 0d.00 Required Payoff Amounts of Purchased Contracts 0.00 0e.00 5Proceeds ~~Total~~of ~~Distribution~~Clean-up ~~Amount~~Call ~~30,172,885~~0.2100 ~~767,006~~f.11 ~~1,020,323.98~~Investment ~~587,641.01~~Earnings ~~((2)~~on ~~plus~~Collection ~~(4))~~Account ~~-------------------------------------------------------------------------------------------------------------~~and ~~DISTRIBUTION~~Note ~~CLASS~~Distribution BAccount ~~CLASS~~0.00 Cg. ~~CLASS~~Investment DEarnings ~~TOTAL~~on ~~OFFERED~~Class ~~CLASS~~ A-2b2a ~~AMOUNTS~~Funding ~~NOTES~~Account ~~NOTES~~0.00 ~~NOTES NOTES NOTES~~ -----------------~~-------------------------------------------------------------------------------------------~~ 1TOTAL ~~Interest~~AVAILABLE ~~Due~~PLEDGED ~~67,869.60~~REVENUES ~~91,572.96~~= ~~121,367.17~~$ 435,~~018~~186,~~467~~123.9758 0B.00 2DETERMINATION ~~Interest~~OF ~~Paid~~AVAILABLE ~~67,869.60~~FUNDS ~~91,572~~a.96 ~~121,367.17~~Total 4Available Pledged Revenues $ 35,~~018~~186,~~467~~123.9758 0b.00 3Receipt ~~Interest~~from ~~Shortfall~~Class A-2 Swap Counterparty 0.00 0c.00 Receipt from Class A-3 Swap Counterparty 0.00 0d.00 0Servicer Advances 4,672,347.0089 ~~((1)~~e. ~~minus~~Recoveries ~~(2))~~of 4prior ~~Principal~~Servicer ~~Paid~~Advances ~~459~~(4,~~737.20 612~~212,~~982~~000.9436) ~~766,228~~f.67 30Withdrawls from the Class A Principal Account,~~649,146.88~~ including Investment Earnings 0.00 5g. ~~Total~~Withdrawal ~~Distribution~~from ~~Amount~~Cash ~~527,606.80~~Collateral ~~704,555.90~~Account ~~887~~88,~~595~~024.8441 ~~34,667,614.85~~---------------- ~~0.00~~TOTAL ~~((2)~~AVAILABLE ~~plus~~FUNDS ~~(4))~~= $ 35,734,495.52

Page 3 of 9 II. DISTRIBUTION AMOUNTS A. COLLECTION ACCOUNT DISTRIBUTIONS 1. Servicing Fee 430,907.97 2. Class A-1 Note Interest Distribution 1,248,266.64 Class A-1 Note Principal Distribution 29,286,697.83 Aggregate Class A-1 distribution 30,534,964.47 3. Class A-2a Note Interest Distribution 798,564.93 Class A-2a Note Principal Distribution 0.00 Aggregate Class A-2a distribution 798,564.93 4. Class A-2b Note Interest Distribution 0.00 Class A-2b Note Principal Distribution 0.00 Aggregate Class A-2b distribution 0.00 5. Class A-3 Note Interest Distribution 1,062,164.45 Class A-3 Note Principal Distribution 0.00 Aggregate Class A-3 distribution 1,062,164.45 6. Class A-4 Note Interest Distribution 587,641.01 Class A-4 Note Principal Distribution 0.00 Aggregate Class A-4 distribution 587,641.01 7. Deposit to the Class A Principal Account 0.00 8. Class B Note Interest Distribution 64,980.92 Class B Note Principal Distribution 467,340.92 Aggregate Class B distribution 532,321.84 9. Class C Note Interest Distribution 87,675.41 Class C Note Principal Distribution 623,121.23 Aggregate Class C distribution 710,796.64 10. Class D Note Interest Distribution 116,201.52 Class D Note Principal Distribution 778,901.54 Aggregate Class D distribution 895,103.06 11. Payment due to the Class A-2 Swap Counterparty 72,897.42 12. Payment due to the Class A-3 Swap Counterparty 109,133.73 13. Deposit to the Cash Collateral Account 0.00 14. Amounts in accordance with the CCA Loan Agreement 0.00 15. To the holder of the equity certificate 0.00 COLLECTION ACCOUNT DISTRIBUTIONS= 35,734,495.52 ===================

Page 4 of 9 B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 76,348.48 2. Payment due on the Holdback 141,225.50 3. Payment to the Depositor 0.00 ----------- CASH COLLATERAL ACCOUNT DISTRIBUTIONS = 217,573.98 ===========

III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

------------------------------------------------------------------------------------~~----------------------------~~ ~~APPLICABLE~~DISTRIBUTION ~~PRINCIPAL BALANCE~~ CLASS ~~FACTOR~~A-1 ~~PRINCIPAL BALANCE~~ CLASS ~~FACTOR~~A-2a CLASS ~~COUPON JUN~~A-003 ~~JUN-00~~CLASS ~~MAY~~A-004 ~~MAY-00~~AMOUNTS ~~RATE~~NOTES ~~PAYMENT~~NOTES ~~DATE~~NOTES ~~PAYMENT~~NOTES ~~DATE PAYMENT DATE PAYMENT DATE~~ ------------------------------------------------------------------------------------~~----------------------------~~ a1. ~~Class~~Interest ~~A-1~~Due ~~Notes 6.7230% 222~~1,~~804~~248,~~495~~266.3864 0798,564.~~77206~~93 ~~251~~1,~~614~~062,~~693~~164.45 0587,641.~~87190~~01 b.2 ~~Class~~Interest ~~A-2a~~Paid ~~Notes 6.5988% 144~~1,~~291~~248,~~800~~266.0064 1798,564.~~00000~~93 ~~144~~1,~~291~~062,~~800~~164.0045 1587,641.~~00000~~01 ~~c. Class A-~~3 ~~Notes~~Interest ~~6.7388%~~Shortfall ~~187,959,055~~0.00 10.~~00000 187,959,055.~~00 10.~~00000 d. Class A-4 Notes 7.5800% 93,030,239.~~00 10.~~00000 93,030,239.~~00 ((1~~.00000~~) e.minus ~~Class~~(2)) B4 ~~Notes~~Principal ~~7.5400%~~Paid 1029,~~341~~286,~~791~~697.3283 0.~~90785~~00 ~~10,801,528.52~~ 0.~~94821~~00 ~~f. Class C Notes 7.6300% 13,789,055.09~~ 0.~~90785~~00 ~~14,402,038.03~~5 ~~0.94821~~Total g.Distribution ~~Class~~Amount ~~D Notes 8.0900% 17~~30,~~236~~534,~~318~~964.8747 ~~0.90785 18~~798,~~002,547~~564.5493 ~~0.94821 h. TOTAL OFFERED NOTES 689~~1,~~452~~062,~~754~~164.6645 ~~720~~587,~~101,901~~641.5501 i.((2) ~~Class~~plus ~~A-2b Notes 144,291,800.00 j. ONE - MONTH LIBOR RATE 6.6088%~~(4))

----------------------------------------------------------------------------------------------------- ~~SCHEDULED~~DISTRIBUTION ~~SCHEDULED~~CLASS ~~PRINCIPAL~~B ~~BALANCE~~CLASS ~~PRINCIPAL~~C ~~BALANCE~~CLASS D TOTAL OFFERED CLASS ~~JUN~~A-002b ~~MAY-00~~AMOUNTS ~~PAYMENT~~NOTES ~~DATE~~NOTES ~~PAYMENT~~NOTES ~~DATE~~NOTES NOTES ----------------------------------------------------------------------------------------------------- ~~Class~~1. A-Interest Due 64,980.92 87,675.41 116,201.52 3,965,494.88 0.00 2 Interest Paid 64,980.92 87,675.41 116,201.52 3,965,494.88 0.00 3 Interest Shortfall 0.00 0.00 0.00 0.00 0.00 ((1) ~~Notes~~minus ~~231~~(2)) 4 Principal Paid 467,~~491~~340.92 623,~~950~~121.23 778,901.54 31,156,061.52 0.00 ~~257~~5 Total Distribution Amount 532,~~091~~321.84 710,~~831~~796.64 895,103.06 35,121,556.40 0.00 ((2) plus (4))

Page 5 of 9 V. INFORMATION REGARDING THE SECURITIES A SUMMARY OF BALANCE INFORMATION

------------------------------------------------------------------------------------------------~~-------------~~ ~~TARGET~~APPLICABLE ~~CLASS~~PRINCIPAL ~~TARGET~~BALANCE CLASS ~~CLASS~~FACTOR PRINCIPAL ~~AMOUNT~~BALANCE ~~FLOOR~~CLASS ~~PRINCIPAL~~FACTOR ~~AMOUNT FLOOR~~ CLASS ~~PERCENTAGE~~COUPON ~~JUN~~JUL-00 ~~JUN~~JUL-00 ~~MAY~~JUN-00 ~~MAY~~JUN-00 RATE PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE ------------------------------------------------------------------------------------------------ a Class A-1 Notes 6.7230% 193,517,797.56 0.67058 222,804,495.38 0.77206 b Class A-~~------------~~2a Notes 6.6413% 144,291,800.00 1.00000 144,291,800.00 1.00000 c Class A-3 94Notes 6.7813% 187,959,055.00 1.00000 187,959,055.00 1.00000 d Class A-4 Notes 7.5800% ~~648~~93,~~085~~030,~~589~~239.3800 ~~676~~1.00000 93,~~895~~030,~~787~~239.4500 1.00000 e Class B 1Notes 7.505400% 109,~~341~~874,~~791~~450.3240 0.0086683 10,~~801~~341,~~528~~791.5232 0.0090785 f Class C 2Notes 7.006300% 13,~~789~~165,~~055~~933.0986 0.0086683 1413,~~402~~789,~~038~~055.0309 0.0090785 g Class D 2Notes 8.500900% 16,457,417.33 0.86683 17,236,318.87 0.0090785 18h TOTAL OFFERED NOTES 658,~~002~~296,~~547~~693.5414 0689,452,754.66 i Class A-2b Notes 144,291,800.00 j ONE - MONTH LIBOR RATE 6.6513%

B Other Information

--------------------------------------------------------------------------- ~~ORIGINAL~~SCHEDULED ~~JUN~~SCHEDULED PRINCIPAL BALANCE PRINCIPAL BALANCE CLASS JUL-00 ~~MAY~~JUN-00 ~~POOL~~ PAYMENT DATE PAYMENT DATE --------------------------------------------------------------------------- Class A-1. a.Notes ~~Contract Pool Balance 759~~205,~~430~~576,~~525~~575.00 ~~689~~231,~~452~~491,~~754~~950.~~66 759,430,525.~~00 ~~b. No of Contracts 79,033 75,691 79,033 2. Weighted Average Remaining Term 39.70 39.5 39.8 3. Weighted Average Original Term 53.3~~

------------------------------------------------------------------------------------------- %TARGET OFCLASS ~~AGGREGATE~~TARGET %CLASS OFCLASS ~~REQUIRED~~PRINCIPAL ~~PAYOFF~~AMOUNT ~~NO.~~FLOOR OFPRINCIPAL ~~AGGREGATE~~AMOUNT ~~REQUIRED~~FLOOR ~~CONTRACTS~~CLASS ~~AMOUNT~~PERCENTAGE ~~ACCOUNTS~~JUL-00 ~~PAYOFF~~JUL-00 ~~AMOUNTS~~JUN-00 JUN-00 PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE ------------------------------------------------------------------------------------------- 1.Class ~~Current~~A 9294.8000% ~~92.38% 70~~618,~~241 646~~798,~~533,528~~891.3855 ~~31-60 days 4.65% 4.93% 3~~648,~~517 34~~085,~~509,933~~589.8438 ~~61-90~~Class ~~days~~B 1.7450% ~~1.79% 1~~9,~~316 12~~874,~~561,472~~450.8740 ~~91-120 days~~ 0.~~81%~~00 ~~0.89% 610 6~~10,~~223~~341,~~542~~791.6832 ~~120+ days~~ 0.~~01%~~00 ~~0.01%~~Class 7C ~~67,433~~2.~~63 Total Delinquency 100.0~~00% ~~100.0% 75~~13,~~691 699~~165,~~895,911~~933.4086 20.00 ~~Delinquent Scheduled Payments: Beginning of Collection Period 11~~13,~~183~~789,~~972~~055.6309 ~~End of Collection Period 10,443,156~~0.7400 ~~--------------~~Class ~~Change~~D ~~in Delinquent Scheduled Payments (740,815~~2.~~89)~~50% ~~C. DEFAULTED CONTRACT INFORMATION 1. Required Payoff Amount on Defaulted Contracts 236~~16,~~305~~457,417.6633 ~~2. Liquidation Proceeds received~~ 0.00 ~~-------------- 3. Current Liquidation Loss Amount~~ 17,236,~~305~~318.6687 ~~4. Cumulative Liquidation Losses to date 408,083.17 % of Initial Contracts~~ 0.~~078% % of Initial Contract Pool Balance 0.054%~~00

Page 6 of 9 V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT

~~-------------------------------------------------------------------------~~1. ~~JUN-00~~Principal ~~MAY-00~~Balance ~~ITEM~~of ~~PAYMENT~~Notes ~~DATE~~and ~~PAYMENT~~Equity ~~DATE~~Certificates 689,452,754.66 (End of Prior Collection Period) 2. Contract Pool Principal Balance (End of Collection Period) 658,296,693.14 ---------------~~----------------------------------------------------------~~ a.Total ~~Senior~~monthly ~~Loan~~principal ~~9,492,881.56~~amount ~~9,492,881.56 b. Holdback Amount 32,275,797.~~31 32,~~275~~156,~~797~~061.3152

VI. CONTRACT POOL DATA A. CONTRACT POOL CHARACTERISTICS

B. DELINQUENCY INFORMATION

C. DEFAULTED CONTRACT INFORMATION

Page 7 of 9 VII. INFORMATION REGARDING THE CASH COLLATERAL ACCOUNT A. CASH COLLATERAL ACCOUNT 1 Opening Cash Collateral Account 41,768,678.88 2 Deposit from the Collateral Account 0.00 3 Withdrawls from the Cash Collateral Account (88,024.41) 4 Available amount 41,680,654.47 5 Required Cash Collateral Collateral Account Amount 41,768,678.88 6 Cash Collateral Account Surplus/(Shortfall) 0.00 7 Release of Cash Collateral Surplus (88,024.40) 8 Ending Cash Collateral Account 41,680,654.47

B. CASH COLLATERAL ACCOUNT LOANS 1 Available Funds a. Excess Spread from Collection Account 0.00 b. Investment Earnings 217,573.98 Total Available Funds 217,573.98 2 Distribution of Available Funds a. Senior Loan Interest 76,348.48 b. Senior Loan Principal 0.00 c. Holdback Amount Interest 141,225.50 d. Holdback Amount Principal 0.00 e. Remainder to the Depositor 0.00 3 Distribution of CCA Surplus: a. Senior Loan Principal 0.00 b. Holdback Amount Principal 0.00 Total Distribution of Surplus 0.00 4 Summary of Balance and Rate Information Applicable Rates for the Interest Period: a. Libor Rate for the Interest Period 6.6513% b. Senior Loan Interest Rate 9.6513% c. Holdback Amount Interest Rate 11.9013%

Page 8 of 9 VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE

Page 9 of 9 Servicer's Certificate The undersigned, on behalf of AT&T Capital Corporation, in its capacity as servicer (The "Servicer") under the Pooling and Servicing Agreement, dated as of April 1, 2000 (the "Pooling and Servicing Agreement"), among CIT Equipment Collateral 2000-1, NTC Funding Company LLC, The Chase Manhattan Bank, as trustee under the Indenture, and AT&T Capital Corporation, in its individual capacity and as Servicer, DO HEREBY CERTIFY that I am a Responsible Officer of the Servicer and, pursuant to Section 9.02 of the Pooling and Servicing Agreement, I DO HEREBY FURTHER CERTIFY the following report with respect to the Payment Date occurring on July 20, 2000 This Certificate shall constitute the Servicer's Certificate as required by Section 9.02 of the Pooling and Servicing Agreement with respect to the above Payment Date. Any term capitalized but not defined herein shall have the meaning ascribed thereto in the Pooling and Servicing Agreement. AT&T CAPITAL CORPORATION Glenn Votek ----------- Glenn Votek Executive Vice President, and Treasurer

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