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: August 17, 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 DATE: ~~JULY~~AUGUST 1817, 2000 COLLECTION PERIOD: ~~JUNE~~JULY 3031, 2000 PAYMENT DATE: ~~JULY~~AUGUST 2021, 2000 I. AVAILABLE FUNDS A. AVAILABLE PLEDGED REVENUES a. Scheduled Payments Received $ 3128,~~152~~471,~~998~~507.6748 b. Liquidation Proceeds Allocated to Owner Trust 4117,~~106~~104.6790 c. Required Payoff Amounts of Prepaid Contracts 32,~~992~~228,~~018~~408.2441 d. Required Payoff Amounts of Purchased Contracts 087,490.0087 e. Proceeds of Clean-up Call 0.00 f. Investment Earnings on Collection Account and Note Distribution Account 0.00 g. Investment Earnings on Class A-2a Funding Account 0.00 ------------------ TOTAL AVAILABLE PLEDGED REVENUES = $ 3530,~~186~~804,~~123~~511.5866 B. DETERMINATION OF AVAILABLE FUNDS a. Total Available Pledged Revenues $ 3530,~~186~~804,~~123~~511.5866 b. Receipt from Class A-2 Swap Counterparty 0.00 c. Receipt from Class A-3 Swap Counterparty 0.00 d. Servicer Advances 43,~~672~~841,~~347~~332.8955 e. Recoveries of prior Servicer Advances (43,~~212~~918,~~000~~157.3646) f. Withdrawls from the Class A Principal Account, including Investment Earnings 0.00 g. Withdrawal from Cash Collateral Account 88399,~~024~~476.4165 ------------------ TOTAL AVAILABLE FUNDS = $ 3531,~~734~~127,~~495~~163.5240

Page 3 of 9 II. DISTRIBUTION AMOUNTS A. COLLECTION ACCOUNT DISTRIBUTIONS 1. Servicing Fee 411,435.43 2. Class A-1 Note Interest Distribution 1,156,466.49 Class A-1 Note Principal Distribution 25,071,822.56 Aggregate Class A-1 distribution 26,228,289.05 3. Class A-2a Note Interest Distribution 849,077.08 Class A-2a Note Principal Distribution 0.00 Aggregate Class A-2a distribution 849,077.08 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 1,129,425.08 Class A-3 Note Principal Distribution 0.00 Aggregate Class A-3 distribution 1,129,425.08 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 62,044.46 Class B Note Principal Distribution 400,082.27 Aggregate Class B distribution 462,126.73 9. Class C Note Interest Distribution 83,713.40 Class C Note Principal Distribution 533,443.03 Aggregate Class C distribution 617,156.43 10. Class D Note Interest Distribution 110,950.42 Class D Note Principal Distribution 666,803.79 Aggregate Class D distribution 777,754.21 11. Payment due to the Class A-2 Swap Counterparty 22,385.27 12. Payment due to the Class A-3 Swap Counterparty 41,873.10 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 = 31,127,163.40 =============

Page 4 of 9 B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 81,259.07 2. Payment due on the Holdback 147,662.17 3. Payment to the Depositor 0.00 -------------- CASH COLLATERAL ACCOUNT DISTRIBUTIONS = 228,921.24 ==============

III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

-------------------------------------------------------------------------------------------------------------------- DISTRIBUTION CLASS A-1 CLASS A-2a CLASS A-3 CLASS A-4 AMOUNTS NOTES NOTES NOTES NOTES -------------------------------------------------------------------------------------------------------------------- 1. Interest Due 1,~~248~~156,~~266~~466.6449 ~~798~~849,~~564~~077.9308 1,~~062~~129,~~164~~425.4508 587,641.01 2 Interest Paid 1,~~248~~156,~~266~~466.6449 ~~798~~849,~~564~~077.9308 1,~~062~~129,~~164~~425.4508 587,641.01 3 Interest Shortfall 0.00 0.00 0.00 0.00 ((1) minus (2)) 4 Principal Paid 2925,~~286~~071,~~697~~822.8356 0.00 0.00 0.00 5 Total Distribution Amount 3026,~~534~~228,~~964~~289.4705 ~~798~~849,~~564~~077.9308 1,~~062~~129,~~164~~425.4508 587,641.01 ((2) plus (4))

--------------------------------------------------------------------------------------------------------------- DISTRIBUTION CLASS B CLASS C CLASS D TOTAL OFFERED CLASS A-2b AMOUNTS NOTES NOTES NOTES NOTES NOTES --------------------------------------------------------------------------------------------------------------- 1. Interest Due 6462,~~980~~044.9246 8783,~~675~~713.4140 ~~116~~110,~~201~~950.5242 3,~~965~~979,~~494~~317.8894 0.00 2 Interest Paid 6462,~~980~~044.9246 8783,~~675~~713.4140 ~~116~~110,~~201~~950.5242 3,~~965~~979,~~494~~317.8894 0.00 3 Interest Shortfall 0.00 0.00 0.00 0.00 0.00 ((1) minus (2)) 4 Principal Paid ~~467~~400,~~340~~082.9227 ~~623~~533,~~121~~443.2303 ~~778~~666,~~901~~803.5479 3126,~~156~~672,~~061~~151.5266 0.00 5 Total Distribution Amount ~~532~~462,~~321~~126.8473 ~~710~~617,~~796~~156.6443 ~~895~~777,~~103~~754.0621 3530,~~121~~651,~~556~~469.4060 0.00 ((2) plus (4))

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

--------------------------------------------------------------------------------------------------------------- APPLICABLE PRINCIPAL BALANCE CLASS FACTOR PRINCIPAL BALANCE CLASS FACTOR CLASS COUPON ~~JUL~~AUG-00 ~~JUL~~AUG-00 ~~JUN~~JUL-00 ~~JUN~~JUL-00 RATE PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE --------------------------------------------------------------------------------------------------------------- a. Class A-1 Notes 6.7230% ~~193~~168,~~517~~445,~~797~~975.5600 0.~~67058~~58370 ~~222~~193,~~804~~517,~~495~~797.3856 0.~~77206~~67058 b. Class A-2a Notes 6.~~6413~~6200% 144,291,800.00 1.00000 144,291,800.00 1.00000 c. Class A-3 Notes 6.~~7813~~7600% 187,959,055.00 1.00000 187,959,055.00 1.00000 d. Class A-4 Notes 7.5800% 93,030,239.00 1.00000 93,030,239.00 1.00000 e. Class B Notes 7.5400% 9,~~874~~474,~~450~~368.4012 0.~~86683~~83171 109,~~341~~874,~~791~~450.3240 0.~~90785~~86683 f. Class C Notes 7.6300% 1312,~~165~~632,~~933~~490.8683 0.~~86683~~83171 13,~~789~~165,~~055~~933.0986 0.~~90785~~86683 g. Class D Notes 8.0900% 1615,~~457~~790,~~417~~613.3354 0.~~86683~~83171 1716,~~236~~457,~~318~~417.8733 0.~~90785~~86683 h. TOTAL OFFERED NOTES 631,624,541.48 658,296,693.14 ~~689,452,754~~i.66 i Class A-2b Notes 144,291,800.00 j. ONE - MONTH LIBOR RATE 6.~~6513~~6300%

B OTHER INFORMATION

--------------------------------------------------------------------~~-------~~ SCHEDULED SCHEDULED PRINCIPAL BALANCE PRINCIPAL BALANCE CLASS ~~JUL~~AUG-00 ~~JUN~~JUL-00 PAYMENT DATE PAYMENT DATE --------------------------------------------------------------------~~-------~~ Class A-1 Notes ~~205~~179,~~576~~361,~~575~~288.00 ~~231~~205,~~491~~576,~~950~~575.00

--------------------------------------------------------------------------------------------------------------- TARGET CLASS TARGET CLASS CLASS PRINCIPAL AMOUNT FLOOR PRINCIPAL AMOUNT FLOOR CLASS PERCENTAGE ~~JUL~~AUG-00 ~~JUL~~AUG-00 ~~JUN~~JUL-00 ~~JUN~~JUL-00 PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE --------------------------------------------------------------------------------------------------------------- Class A 94.00% 593,727,068.99 618,798,891.55 ~~648,085,589.38~~ Class B 1.50% 9,~~874~~474,~~450~~368.4012 0.00 109,~~341~~874,~~791~~450.3240 0.00 Class C 2.00% 1312,~~165~~632,~~933~~490.8683 0.00 13,~~789~~165,~~055~~933.0986 0.00 Class D 2.50% 1615,~~457~~790,~~417~~613.3354 0.00 1716,~~236~~457,~~318~~417.8733 0.00

Page 6 of 9 V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT 1. Principal Balance of Notes and Equity Certificates (End of Prior Collection Period) 658,296,693.14 2. Contract Pool Principal Balance (End of Collection Period) 631,624,541.48 ------------------ Total monthly principal amount 26,672,151.67

VI. CONTRACT POOL DATA A. CONTRACT POOL CHARACTERISTICS

1.---------------------------------------------------------------------- ~~Principal~~ORIGINAL ~~Balance~~AUG-00 ofJUL-00 ~~Notes~~POOL ~~and~~PAYMENT ~~Equity~~DATE ~~Certificates~~PAYMENT ~~689,452,754.66~~DATE ~~(End~~---------------------------------------------------------------------- of1. ~~Prior Collection Period) 2~~a. Contract Pool ~~Principal~~ Balance ~~(End~~759,430,525.00 of631,624,541.48 ~~Collection Period)~~ 658,296,693.14 ~~---------------~~b. ~~Total~~No ~~monthly~~of ~~principal~~Contracts ~~amount~~79,033 3171,~~156~~782 73,~~061~~699 2.52 Weighted Average Remaining Term 39.70 38.7 39.0 3. Weighted Average Original Term 53.3

B. DELINQUENCY INFORMATION

----------------------------------------------------------------------- ~~ORIGINAL~~% ~~JUL-00~~OF ~~JUN-00~~% ~~POOL~~OF ~~PAYMENT~~AGGREGATE ~~DATE~~NO. ~~PAYMENT~~OF ~~DATE~~REQUIRED PAYOFF AGGREGATE REQUIRED CONTRACTS AMOUNT ACCOUNTS PAYOFF AMOUNTS ----------------------------------------------------------------------- 1 a. ~~Contract~~Current ~~Pool~~91.78% ~~Balance~~91.80% ~~759~~65,~~430,525.00~~885 ~~658~~589,~~296~~750,~~693~~177.1407 ~~759~~31-60 days 4.26% 4.62% 3,~~430~~055 29,~~525~~673,152.0029 b.61-90 Nodays of1.77% ~~Contracts~~1.34% 791,~~033~~271 738,~~699 79~~590,~~033~~181.71 291-120 ~~Weighted~~days ~~Average~~1.11% ~~Remaining~~1.03% ~~Term~~800 396,597,013.7011 39120+ days 1.007% 391.522% 3771 ~~Weighted~~7,840,697.33 ~~Average~~Total ~~Original~~Delinquency ~~Term~~100.0% 53100.30% 71,782 642,451,221.51

2. Delinquent Scheduled Payments: Beginning of Collection Period 10,903,504.94 End of Collection Period 10,826,680.03 ------------------ Change in Delinquent Scheduled Payments (76,824.91)

C. DEFAULTED CONTRACT INFORMATION 1. Required Payoff Amount on Defaulted Contracts 416,581.55 2. Liquidation Proceeds received 17,104.90 --------------- 3. Current Liquidation Loss Amount 399,476.65 4. Cumulative Liquidation Losses to date 1,109,264.71 % of Initial Contracts 0.273% % of Initial Contract Pool Balance 0.146%

Page 7 of 9 VII. INFORMATION REGARDING THE CASH COLLATERAL ACCOUNT A. CASH COLLATERAL ACCOUNT 1. Opening Cash Collateral Account 41,680,654.47 2. Deposit from the Collection Account 0.00 3. Withdrawls from the Cash Collateral Account (399,476.65) 4. Available amount 41,281,177.82 5. Required Cash Collateral Account Amount 41,768,678.88 6. Cash Collateral Account Surplus/ (Shortfall) 0.00 7. Release of Cash Collateral Surplus (487,501.10) 8. Ending Cash Collateral Account 41,281,177.82 B. CASH COLLATERAL ACCOUNT LOANS 1. Available Funds a. Excess Spread from Collection Account 0.00 b. Investment Earnings 228,921.24 Total Available Funds 228,921.24 2. Distribution of Available Funds a. Senior Loan Interest 81,259.07 b. Senior Loan Principal 0.00 c. Holdback Amount Interest 147,662.17 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 6.6300% b. Senior Loan Interest Rate 9.6300% c. Holdback Amount Interest Rate 11.8800%

-------------------------------------------------------------------------------------- %AUG-00 OFJUL-00 %ITEM OFPAYMENT ~~AGGREGATE~~DATE ~~NO.~~PAYMENT OFDATE ~~REQUIRED PAYOFF AGGREGATE REQUIRED CONTRACTS AMOUNT ACCOUNTS PAYOFF AMOUNTS~~ ------------------------------------------------------------------- ~~1 Current 92.02% 93.07% 67,816 622,847,671.44 31~~-~~60 days 4.32% 3.66% 3,181 24,486,823.47 61~~-~~90 days 2.15% 1.74% 1,583 11,666,987.03 91~~-~~120~~---------------- ~~days 0~~a.~~98%~~ ~~0.91%~~Senior ~~723~~Loan 69,~~080~~492,~~193~~881.9856 ~~120+ days 0.54% 0.62% 396 4~~9,~~118~~492,~~522~~881.1656 ~~Total Delinquency 100~~b.0% ~~100.0%~~Holdback ~~73,699~~Amount ~~669~~32,~~200~~275,~~198~~797.0831 ~~2. Delinquent Scheduled Payments: Beginning of Collection Period 10~~32,~~443~~275,~~157~~797.~~41 End of Collection Period 10,903,504.94 -------------- Change in Delinquent Scheduled Payments 460,347.53~~31

Page 8 of 9 VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE 1. Opening Servicer Advance Balance 10,903,504.94 2. Current Period Servicer Advance 3,841,332.55 3. Recoveries of prior Servicer Advances -3,918,157.46 ----------------- 4. Ending Servicer Advance Balance 10,826,680.03 B. CLASS A-2a FUNDING ACCOUNT 1. Opening Class A-2a Funding Account 144,291,800.00 2. Monthly Accrued Interest 793,604.90 2. Investment Earnings 0.00 3. Withdrawal to the Collection Account 0.00 4. Distribution to Class A-2a on Stated Maturity Date 0.00 ----------------- 5. Ending Class A-2a Funding Account 144,291,800.00 C. CLASS A PRINCIPAL ACCOUNT 1. Opening Class A Principal Account 0.00 2. Investment Earnings 0.00 3. Withdrawls to the Collection Account 0.00 4. Deposits 0.00 ----------------- 5. Ending Class A Principal Account 0.00 D. OTHER RELATED INFORMATION 1. Discount Rate 8.1540% 2. Life to Date Prepayment (CPR) 8.3% 3. Life to Date Substitutions: a. Prepayments 0.00 b. Defaults 0.00

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 August 21, 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 Page 9 of 9

1. Required Payoff Amount on Defaulted Contracts 342,811.56 2. Liquidation Proceeds received 41,106.67 ------------ 3. Current Liquidation Loss Amount 301,704.89 4. Cumulative Liquidation Losses to date 709,788.06 % of Initial Contracts 0.170% % of Initial Contract Pool Balance 0.093%

------------------------------------------------------------------------- JUL-00 JUN-00 ITEM PAYMENT DATE PAYMENT DATE ------------------------------------------------------------------------- a. Senior Loan 9,492,881.56 9,492,881.56 b. Holdback Amount 32,275,797.31 32,275,797.31

1. Opening Servicer Advance Balance 10,443,157.41 2. Current Period Servicer Advance 4,672,347.89 3. Recoveries of prior Servicer Advances -4,212,000.36 --------------- 4. Ending Servicer Advance Balance 10,903,504.94 B. CLASS A-2a FUNDING ACCOUNT 1. Opening Class A-2a Funding Account 144,291,800.00 2. Monthly Accrued Interest 793,604.90 2. Investment Earnings 0.00 3. Withdrawal to the Collection Account 0.00 4. Distribution to Class A-2a on Stated Maturity Date 0.00 --------------- 5. Ending Class A-2a Funding Account 144,291,800.00 C. CLASS A PRINCIPAL ACCOUNT 1. Opening Class A Principal Account 0.00 2. Investment Earnings 0.00 3. Withdrawls to the Collection Account 0.00 4. Deposits 0.00 --------------- 5. Ending Class A Principal Account 0.00 D. OTHER RELATED INFORMATION 1. Discount Rate 8.1540% 2. Life to Date Prepayment (CPR) 10.3% 3. Life to Date Substitutions:

Filing Compare · CIT EQUIPMENT COLLATERAL 2000-1