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: 18-Sep-00 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: 09/18/00 COLLECTION PERIOD: 08/31/00 PAYMENT DATE: 09/20/00 I. AVAILABLE FUNDS A. AVAILABLE PLEDGED REVENUES a. Scheduled Payments Received $26,591,724.83 b. Liquidation Proceeds Allocated to Owner Trust 879,238.92 c. Required Payoff Amounts of Prepaid Contracts 2,294,800.58 d. Required Payoff Amounts of Purchased Contracts 97,079.44 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 = $29,862,843.77 B. DETERMINATION OF AVAILABLE FUNDS a. Total Available Pledged Revenues $29,862,843.77 b. Receipt from Class A-2 Swap Counterparty 0.00 c. Receipt from Class A-3 Swap Counterparty 0.00 d. Servicer Advances 3,789,979.53 e. Recoveries of prior Servicer Advances (4,137,039.15) f. Withdrawls from the Class A Principal Account, including Investment Earnings 0.00 g. Withdrawal from Cash Collateral Account 1,389,217.79 -------------- TOTAL AVAILABLE FUNDS = $30,905,001.94

Page 3 of 9

~~DETERMINATION~~II. ~~DATE:~~DISTRIBUTION ~~AUGUST~~AMOUNTS ~~17,~~A. ~~2000~~ COLLECTION ~~PERIOD:~~ACCOUNT ~~JULY~~DISTRIBUTIONS 311. Servicing Fee 394,765.34 ~~2000~~2. ~~PAYMENT~~Class ~~DATE:~~A-1 ~~AUGUST~~Note ~~21,~~Interest ~~2000~~Distribution I943,721.94 ~~AVAILABLE~~Class ~~FUNDS~~ A.-1 ~~AVAILABLE~~Note ~~PLEDGED~~Principal ~~REVENUES~~Distribution a25,088,417.53 ~~Scheduled~~Aggregate ~~Payments~~Class ~~Received~~A-1 $distribution 2826,~~471~~032,~~507~~139.4847 b3. ~~Liquidation~~Class ~~Proceeds~~A-2a ~~Allocated~~Note toInterest ~~Owner~~Distribution ~~Trust 17~~794,~~104~~807.9033 c.Class ~~Required~~A-2a ~~Payoff~~Note ~~Amounts~~Principal ofDistribution ~~Prepaid~~0.00 ~~Contracts~~Aggregate 2Class A-2a distribution 794,~~228,408~~807.4133 d4. ~~Required~~Class ~~Payoff~~A-2b ~~Amounts~~Note ofInterest ~~Purchased~~Distribution ~~Contracts 87,490~~0.8700 eClass A-2b Note Principal Distribution 0.00 ~~Proceeds~~Aggregate ofClass ~~Clean~~A-up2b ~~Call~~distribution 0.00 f5. ~~Investment~~Class ~~Earnings~~A-3 onNote ~~Collection~~Interest ~~Account~~Distribution ~~and~~1,057,269.68 Class A-3 Note Principal Distribution ~~Account~~ 0.00 gAggregate Class A-3 distribution 1,057,269.68 ~~Investment~~6. ~~Earnings~~Class onA-4 Note Interest Distribution 587,641.01 Class A-2a4 ~~Funding~~Note ~~Account~~Principal Distribution 0.00 Aggregate Class A-~~-----------------~~4 ~~TOTAL~~distribution ~~AVAILABLE~~587,641.01 ~~PLEDGED~~7. ~~REVENUES~~Deposit =to $the 30Class A Principal Account 0.00 8. Class B Note Interest Distribution 59,~~804~~530.61 Class B Note Principal Distribution 400,~~511~~347.6609 Aggregate Class B distribution 459,877.70 ~~DETERMINATION~~9. OFClass ~~AVAILABLE~~C ~~FUNDS~~Note aInterest Distribution 80,321.59 ~~Total~~Class ~~Available~~C ~~Pledged~~Note ~~Revenues~~Principal $Distribution 30533,~~804~~796.12 Aggregate Class C distribution 614,~~511~~117.6671 b10. ~~Receipt~~Class ~~from~~D Note Interest Distribution 106,455.05 Class ~~A-2~~D ~~Swap~~Note ~~Counterparty~~Principal 0Distribution 667,245.0015 cAggregate Class D distribution 773,700.20 ~~Receipt~~11. ~~from~~Payment due to the Class A-32 Swap Counterparty 076,655.0002 d12. ~~Servicer~~Payment ~~Advances~~due to the Class A-3 Swap Counterparty 114,~~841,332~~028.5549 e13. ~~Recoveries~~Deposit ofto ~~prior~~the ~~Servicer~~Cash ~~Advances~~Collateral ~~(3,918,157~~Account 0.~~46)~~00 f14. ~~Withdrawls~~Amounts ~~from~~in ~~the~~accordance ~~Class~~with Athe ~~Principal~~CCA ~~Account,~~Loan ~~including~~Agreement ~~Investment Earnings~~ 0.00 g15. ~~Withdrawal~~To ~~from~~the ~~Cash~~holder ~~Collateral~~of ~~Account~~the ~~399,476.65~~equity ~~------------------~~certificate ~~TOTAL~~0.00 ~~AVAILABLE~~COLLECTION ~~FUNDS~~ACCOUNT DISTRIBUTIONS = ~~$ 31~~30,~~127~~905,~~163~~001.4094 ==============

Page 4 of 9 B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 76,101.27 2. Payment due on the Holdback 151,457.96 3. Payment to the Depositor 0.00 ------------ CASH COLLATERAL ACCOUNT DISTRIBUTIONS = 227,559.23 ============

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 1943,~~156,466~~721.4994 ~~849~~794,~~077~~807.0833 1,~~129~~057,~~425~~269.0868 587,641.01 2. Interest Paid 1943,~~156,466~~721.4994 ~~849~~794,~~077~~807.0833 1,~~129~~057,~~425~~269.0868 587,641.01 3. Interest Shortfall ((1) minus (2)) 0.00 0.00 0.00 0.00 ~~((1) minus (2))~~ 4. Principal Paid 25,~~071~~088,~~822~~417.5653 0.00 0.00 0.00 5. Total Distribution Amount ((2) plus (4)) 26,~~228~~032,~~289~~139.0547 ~~849~~794,~~077~~807.0833 1,~~129~~057,~~425~~269.0868 587,641.01 ----------------------------------------------------------------------------------------------------------- DISTRIBUTION CLASS B CLASS C CLASS D TOTAL OFFERED CLASS A-2b AMOUNTS NOTES NOTES NOTES NOTES NOTES ----------------------------------------------------------------------------------------------------------- 1. Interest Due 59,530.61 80,321.59 106,455.05 3,629,747.21 0.00 2. Interest Paid 59,530.61 80,321.59 106,455.05 3,629,747.21 0.00 3. Interest Shortfall ((1) minus (2)) 0.00 0.00 0.00 0.00 0.00 4. Principal Paid 400,347.09 533,796.12 667,245.15 26,689,805.88 0.00 5. Total Distribution Amount ((2) plus (4)) 459,877.70 614,117.71 773,700.20 30,319,553.09 0.00

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

-----------------------------------------------------------------------------------------------------------~~----~~ ~~DISTRIBUTION~~APPLICABLE PRINCIPAL BALANCE CLASS BFACTOR PRINCIPAL BALANCE CLASS CFACTOR CLASS DCOUPON ~~TOTAL~~SEP-00 ~~OFFERED~~SEP-00 ~~CLASS~~AUG-00 AAUG-2b00 ~~AMOUNTS~~RATE ~~NOTES~~PAYMENT ~~NOTES~~DATE ~~NOTES~~PAYMENT ~~NOTES~~DATE ~~NOTES~~PAYMENT DATE PAYMENT DATE -----------------------------------------------------------------------------------------------------------~~----~~ 1a. ~~Interest~~Class ~~Due~~A-1 ~~62,044~~Notes 6.467230% 83143,~~713~~357,557.4047 ~~110,950~~0.4249676 3168,~~979~~445,~~317~~975.9400 0.0058370 2b. ~~Interest~~Class ~~Paid~~A-2a ~~62,044~~Notes 6.466100% 83144,~~713~~291,800.4000 ~~110,950~~1.4200000 3144,~~979~~291,~~317~~800.9400 01.0000000 c. Class A-3 ~~Interest~~Notes ~~Shortfall~~6.7500% 0187,959,055.00 01.0000000 0187,959,055.00 01.00000 d. Class A-4 Notes 7.5800% 93,030,239.00 01.00000 93,030,239.00 ((1).00000 ~~minus~~e. ~~(2))~~Class 4B ~~Principal~~Notes ~~Paid~~7.5400% ~~400~~9,~~082~~074,021.2703 ~~533~~0.79656 9,~~443~~474,368.0312 ~~666~~0.83171 f. Class C Notes 7.6300% 12,~~803~~098,694.7971 260.79656 12,~~672~~632,~~151~~490.6683 0.0083171 5g. ~~Total~~Class ~~Distribution~~D ~~Amount~~Notes ~~462,126~~8.730900% ~~617~~15,~~156~~123,368.4339 ~~777~~0.79656 15,~~754~~790,613.2154 300.83171 h. TOTAL OFFERED NOTES 604,~~651~~934,~~469~~735.60 0631,624,541.48 i. Class A-2b Notes 144,291,800.00 ~~((2)~~j. ~~plus~~ONE-MONTH ~~(4))~~LIBOR RATE 6.6200%

B OTHER INFORMATION

------------------------------------------------------------------------~~---------------------------------------~~ ~~APPLICABLE~~SCHEDULED SCHEDULED PRINCIPAL BALANCE ~~CLASS FACTOR~~ PRINCIPAL BALANCE CLASS ~~FACTOR CLASS COUPON AUG~~SEP-00 AUG-00 ~~JUL-00 JUL-00 RATE~~ PAYMENT DATE PAYMENT DATE ~~PAYMENT DATE PAYMENT DATE~~ ----------------------------------------------------------------- Class A-1 Notes 155,254,318.00 179,361,288.00 --------------------------------------------- ~~a. Class A~~-~~1 Notes 6.7230% 168,445,975.00 0.58370 193,517,797.56 0.67058 b. Class A~~-~~2a Notes 6.6200% 144,291,800.00 1.00000 144,291,800.00 1.00000 c. Class A~~-~~3 Notes 6.7600% 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% 9,474,368.12 0.83171 9,874,450.40 0.86683 f. Class C Notes 7.6300% 12,632,490.83 0.83171 13,165,933.86 0.86683 g. Class D Notes 8.0900% 15,790,613.54 0.83171 16,457,417.33 0.86683 h. TOTAL OFFERED NOTES 631,624,541.48 658,296,693.14 i. Class A-~~2b Notes 144,291,800.00 j. ONE~~-~~MONTH LIBOR RATE 6.6300%~~--------------

---------------------------------------------------------------------------------------------------------------------- ~~SCHEDULED~~TARGET ~~SCHEDULED~~CLASS TARGET CLASS CLASS PRINCIPAL ~~BALANCE~~AMOUNT FLOOR PRINCIPAL ~~BALANCE~~AMOUNT FLOOR CLASS PERCENTAGE SEP-00 SEP-00 AUG-00 ~~JUL~~AUG-00 PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE --------------------------------------------------------------------------------------------------------------------- Class A- 94.00% 568,638,651.46 593,727,068.99 Class B 1.50% ~~Notes~~9,074,021.03 ~~179~~0.00 9,~~361~~474,~~288~~368.12 0.00 ~~205~~Class C 2.00% 12,~~576~~098,~~575~~694.71 0.00 12,632,490.83 0.00 Class D 2.50% 15,123,368.39 0.00 15,790,613.54 0.00

Page 6 of 9 V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT 1. Principal Balance of Notes and Equity Certificates 631,624,541.48 (End of Prior Collection Period) 2. Contract Pool Principal Balance (End of Collection Period) 604,934,735.60 ----------------- Total monthly principal amount 26,689,805.89

VI. CONTRACT POOL DATA A. CONTRACT POOL CHARACTERISTICS

-------------------------------------------------------------------~~--------------------------------------------~~ ~~TARGET~~ORIGINAL ~~CLASS TARGET CLASS CLASS PRINCIPAL AMOUNT FLOOR PRINCIPAL AMOUNT FLOOR CLASS PERCENTAGE AUG~~SEP-00 AUG-00 ~~JUL-00~~POOL ~~JUL-00~~ PAYMENT DATE PAYMENT DATE ~~PAYMENT DATE PAYMENT DATE~~ ------------------------------------------------------------------~~---------------------------------------------~~ ~~Class A 94~~1.~~00%~~ ~~593,727,068~~a.99 ~~618,798,891.55~~Contract ~~Class~~Pool BBalance 1759,430,525.~~50%~~00 9604,~~474~~934,~~368~~735.1260 ~~0.00 9~~631,~~874~~624,~~450~~541.4048 0b.00 ~~Class~~No. Cof ~~2.00%~~Contracts 1279,~~632~~033 69,~~490.83~~680 ~~0.00 13~~71,~~165,933.86~~782 02.00 ~~Class~~Weighted DAverage 2Remaining Term 39.~~50%~~70 ~~15,790,613~~38.544 038.007 ~~16,457,417~~3.33 0Weighted Average Original Term 53.003

B. DELINQUENCY INFORMATION

----------------------------------------------------------------------- ~~ORIGINAL~~% ~~AUG-00~~OF ~~JUL-00~~% ~~POOL~~OF ~~PAYMENT~~AGGREGATE ~~DATE~~NO. ~~PAYMENT~~OF ~~DATE~~REQUIRED PAYOFF AGGREGATE REQUIRED CONTRACTS AMOUNT ACCOUNTS PAYOFF AMOUNTS ----------------------------------------------------------------------- 1. aCurrent 91.99% ~~Contract~~92.16% ~~Pool~~64,097 ~~Balance~~567,166,694.57 ~~759~~31-60 days 4.05% 4.02% 2,~~430~~822 24,~~525~~750,641.0056 ~~631~~61-90 days 1.79% 1.71% 1,~~624~~250 10,~~541~~520,248.4866 ~~658~~91-120 days 0.91% 0.75% 632 4,~~296~~641,~~693~~436.1432 b120+ days 1.26% No1.35% 879 8,335,334.90 Total Delinquency 100.0% 100.0% 69,680 615,414,356.01 2. Delinquent Scheduled Payments: Beginning of ~~Contracts~~Collection 79Period 10,~~033~~826,680.03 71End of Collection Period 10,~~782~~479,620.41 73----------------- Change in Delinquent Scheduled Payments (347,~~699~~059.62) 2C. ~~Weighted~~DEFAULTED ~~Average~~CONTRACT ~~Remaining~~INFORMATION ~~Term~~1. 39Required Payoff Amount on Defaulted Contracts 2,411,460.7040 382.7 39Liquidation Proceeds received 879,238.092 ----------------- 3. ~~Weighted~~Current ~~Average~~Liquidation ~~Original~~Loss ~~Term~~Amount 531,532,221.348 4. Cumulative Liquidation Losses to date 2,641,486.19 % of Initial Contracts 0.654% % of Initial Contract Pool Balance 0.348%

Page 7 of 9 VII. INFORMATION REGARDING THE CASH COLLATERAL ACCOUNT A. CASH COLLATERAL ACCOUNT 1. Opening Cash Collateral Account 41,281,177.82 2. Deposit from the Collection Account 0.00 3. Withdrawls from the Cash Collateral Account (1,389,217.79) 4. Available amount 39,891,960.03 5. Required Cash Collateral Account Amount 41,768,678.88 6. Cash Collateral Account Surplus/ (Shortfall) (1,876,718.80) 7 Release of Cash Collateral Surplus 0.00 8 Ending Cash Collateral Account 39,891,960.03 B. CASH COLLATERAL ACCOUNT LOANS 1. Available Funds a. Excess Spread from Collection Account 0.00 b. Investment Earnings 227,559.23 Total Available Funds 227,559.23 2. Distribution of Available Funds a. Senior Loan Interest 76,101.27 b. Senior Loan Principal 0.00 c. Holdback Amount Interest 151,457.96 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 6.6200% b. Senior Loan Interest Rate 9.6200% c. Holdback Amount Interest Rate 11.8700%

--------------------------------------------------------------------------------- %SEP-00 OFAUG-00 %ITEM OFPAYMENT ~~AGGREGATE~~DATE ~~NO.~~PAYMENT OFDATE ~~REQUIRED PAYOFF AGGREGATE REQUIRED CONTRACTS AMOUNT ACCOUNTS PAYOFF AMOUNTS~~ ----------------------------------------------------------------------- ~~1. Current 91.78% 91.80% 65,885 589,750,177.07 31~~-~~60 days 4.26% 4.62% 3,055 29,673,152.29 61~~-90-------- ~~days 1~~a.~~77%~~ ~~1.34%~~Senior ~~1,271~~Loan 89,~~590~~492,~~181~~881.7156 ~~91-120 days 1.11% 1.03% 800 6~~9,~~597~~492,~~013~~881.1156 ~~120+ days 1~~b.~~07%~~ ~~1.22%~~Holdback ~~771~~Amount 732,~~840~~275,~~697~~797.3331 ~~Total Delinquency 100.0% 100.0% 71~~32,~~782 642~~275,~~451,221~~797.5131

Page 8 of 9 VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE 1. Opening Servicer Advance Balance 10,826,680.03 2. Current Period Servicer Advance 3,789,979.53 3. Recoveries of prior Servicer Advances -4,137,039.15 --------------- 4. Ending Servicer Advance Balance 10,479,620.41 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) 7.9% 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 09/20/00 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

-------------------------------------------------------------------------------------- AUG-00 JUL-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

Filing Compare · CIT EQUIPMENT COLLATERAL 2000-1