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-Dec-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 10 ITEM 5. OTHER CIT EQUIPMENT COLLATERAL 2000-1 MONTHLY SERVICING REPORT

DETERMINATION DATE: 1112/1618/00 COLLECTION PERIOD: 1011/3130/00 PAYMENT DATE: ~~NOVEMBER~~DECEMBER 20, 2000 I. AVAILABLE FUNDS A. AVAILABLE PLEDGED REVENUES a. Scheduled Payments Received 2723,~~196~~616,~~422~~653.1451 b. Liquidation Proceeds Allocated to Owner Trust 1645,~~339,062~~235.7490 c. Required Payoff Amounts of Prepaid Contracts 21,~~597~~244,~~234~~816.8293 d. Required Payoff Amounts of Purchased Contracts ~~44,613~~0.0800 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 = 3125,~~177~~506,~~332~~706.7834 B. DETERMINATION OF AVAILABLE FUNDS a. Total Available Pledged Revenues 3125,~~177~~506,~~332~~706.7834 b. Receipt from Class A-2 Swap Counterparty 0.00 c. Receipt from Class A-3 Swap Counterparty 0.00 d. Servicer Advances 3,~~483~~934,~~023~~115.4022 e. Recoveries of prior Servicer Advances (43,~~381~~718,~~843~~536.0664) f. Withdrawls from the Class A Principal Account, including Investment Earnings 0.00 ~~------------------~~ g. Withdrawal from Cash Collateral Account 1,~~102~~195,~~980~~650.1894 -------------- Total Available Funds = 3126,~~381~~917,~~493~~935.3086

Page 3 of 10 II. DISTRIBUTION AMOUNTS A. COLLECTION ACCOUNT DISTRIBUTIONS 1. Servicing Fee 344,930.76 2. Class A-1 Note Interest Distribution 523,806.31 Class A-1 Note Principal Distribution 21,811,368.45 Aggregate Class A-1 distribution 22,335,174.76 3. Class A-2a Note Interest Distribution 794,657.03 Class A-2a Note Principal Distribution 0.00 Aggregate Class A-2a distribution 794,657.03 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 1,057,073.89 Class A-3 Note Principal Distribution 0.00 Aggregate Class A-3 distribution 1,057,073.89 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 52,015.56 Class B Note Principal Distribution 348,053.75 Aggregate Class B distribution 400,069.31 9. Class C Note Interest Distribution 70,181.91 Class C Note Principal Distribution 464,071.67 Aggregate Class C distribution 534,253.58 10. Class D Note Interest Distribution 93,016.33 Class D Note Principal Distribution 580,089.59 Aggregate Class D distribution 673,105.92 11. Payment due to the Class A-2 Swap Counterparty 76,805.32 12. Payment due to the Class A-3 Swap Counterparty 114,224.28 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 = 26,917,935.86 ==============

Page 4 of 10 B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 76,091.38 2. Payment due on the Holdback 127,416.90 3. Payment to the Depositor 0.00 ============= Cash Collateral Account Distributions = 203,508.28

III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

----------------------------------------------------------------------------------------------------------------------- DISTRIBUTION CLASS A-1 CLASS A-2a2A CLASS A-3 CLASS A-4 ~~AMOUNTS NOTES NOTES NOTES NOTES~~ ------------------------------------------------------------------------------------------------------------ 1. Interest Due 690,768.40 821,300.91 1,092,512.01 587,641.01 2 Interest Paid 690,768.40 821,300.91 1,092,512.01 587,641.01 3 Interest Shortfall 0.00 0.00 0.00 0.00 ((1) minus (2)) 4 Principal Paid 25,823,957.85 0.00 0.00 0.00 5 Total Distribution Amount 26514726.25 821,300.91 1,092,512.01 587,641.01 ((2) plus (4)) -----------~~--------------------------------------------------------------------------------------------------~~ ~~DISTRIBUTION CLASS B CLASS C CLASS D TOTAL OFFERED CLASS A-2b~~ AMOUNTS NOTES NOTES NOTES NOTES ~~NOTES -------------------------------------------------------------------------------------------------------------~~ 1. Interest Due 54523,~~604~~806.8231 73794,~~675~~657.4703 971,~~646~~057,073.5589 3587,~~418,149~~641.1701 ~~0.00~~ 2 Interest Paid 54523,~~604~~806.8231 73794,~~675~~657.4703 971,~~646~~057,073.5589 3587,~~418,149~~641.1701 ~~0.00~~ 3 Interest Shortfall 0.00 0.00 0.00 0.00 ~~0.00~~ ((1) minus (2)) 4 Principal Paid ~~412~~21,~~084.43 549~~811,~~445~~368.9145 ~~686,807~~0.3900 ~~27472295~~0.5800 0.00 5 Total Distribution Amount ~~466~~22,~~689.25 623~~335,~~121~~174.3876 ~~784~~794,~~453~~657.9403 301,~~890~~057,~~444~~073.7589 0587,641.0001 ((2) plus (4))

-------------------------------------------------------------------------------------------------------------------------- ~~APPLICABLE~~DISTRIBUTION ~~PRINCIPAL~~CLASS ~~BALANCE~~B CLASS ~~FACTOR~~C ~~PRINCIPAL~~CLASS ~~BALANCE~~D ~~CLASS~~TOTAL ~~FACTOR~~OFFERED CLASS ~~COUPON NOVEMBER~~A-002b ~~NOVEMBER~~-~~00 OCTOBER~~-~~00 OCTOBER~~-~~00 RATE PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE~~ ------------------------------------------------------------------------------------------------------------- ~~a. Class A~~-1--------- ~~Notes~~AMOUNTS ~~6.7230%~~NOTES ~~93,494,767.73~~NOTES ~~0.32398~~NOTES ~~119,318,725.57~~NOTES ~~0.41346~~NOTES b.1 ~~Class~~Interest ~~A-2a~~Due ~~Notes 6~~52,015.~~6100%~~56 ~~144~~70,~~291,800~~181.0091 193,016.~~00000~~33 ~~144~~3,~~291~~178,~~800~~392.0004 10.~~00000~~00 c.2 ~~Class~~Interest ~~A-3~~Paid ~~Notes 6.7500% 187~~52,~~959,055~~015.0056 ~~1.00000 187~~70,~~959,055~~181.0091 ~~1.00000 d. Class A-4 Notes 7.5800%~~ 93,~~030,239~~016.0033 ~~1.00000 93~~3,~~030~~178,~~239~~392.0004 10.~~00000~~00 e.3 ~~Class~~Interest BShortfall ~~Notes 7~~0.~~5400%~~00 ~~8,278,338~~0.2200 0.~~72671~~00 ~~8,690,422~~0.6500 0.~~76289~~00 f.((1) ~~Class~~minus C(2)) ~~Notes~~4 ~~7.6300%~~Principal 11Paid 348,~~037,784~~053.2975 ~~0.72671 11~~464,~~587,230~~071.2067 ~~0.76289 g. Class D Notes 0.08 13~~580,~~797,230~~089.3759 ~~0.726714596 14~~23,~~484~~203,~~037~~583.7546 0.7600 h.5 Total ~~Offered~~Distribution ~~Notes~~Amount ~~551~~400,~~889,214~~069.6031 ~~579361510~~534,253.258 i673,105.92 ~~Class A-2b Notes 144~~26,~~291~~381,~~800~~975.0050 j0.00 ~~One~~((2) -plus ~~Month Libor Rate 6.62%~~(4))

Page 5 of 10 IV. Information Regarding the Securities A Summary of Balance Information

---------------------------------------------------------------------------------------- ~~SCHEDULED SCHEDULED PRINCIPAL BALANCE PRINCIPAL BALANCE CLASS NOVEMBER~~-~~00 OCTOBER~~-~~00 PAYMENT DATE PAYMENT DATE~~ -------------------------------- APPLICABLE PRINCIPAL BALANCE CLASS FACTOR PRINCIPAL BALANCE CLASS FACTOR CLASS COUPON DEC-00 DEC-00 NOV-00 NOV-00 Rate Payment Date Payment Date Payment Date Payment Date ---------------------------------------------------- ~~Class A~~-~~1 Notes 107,632,754.00 131,613,858.00~~ --------------------------------------------------------------------- a. Class A-1 Notes 6.7230% 71,683,399.28 0.24840 93,494,767.73 0.32398 b. Class A-2a Notes 6.6088% 144,291,800.00 1.00000 144,291,800.00 1.00000 c. Class A-3 Notes 6.7488% 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% 7,930,284.47 0.69616 8,278,338.22 0.72671 f. Class C Notes 7.6300% 10,573,712.62 0.69616 11,037,784.29 0.72671 g. Class D Notes 8.0900% 13,217,140.78 0.69616 13,797,230.37 0.72671 h. Total Offered Notes 528,685,631.14 551,889,214.60 i. Class A-2b Notes 144,291,800.00 j. ONE -~~-------------~~ MONTH LIBOR RATE 6.6188%

B Other Information

------------------------------------------------------------------------------------------------------~~------~~ ~~TARGET~~SCHEDULED ~~CLASS~~SCHEDULED ~~TARGET CLASS CLASS~~ PRINCIPAL ~~AMOUNT~~BALANCE ~~FLOOR~~ PRINCIPAL ~~AMOUNT~~BALANCE ~~FLOOR~~ CLASS ~~PERCENTAGE NOVEMBER~~DEC-00 ~~NOVEMBER~~NOV-00 ~~OCTOBER-00~~PAYMENT ~~OCTOBER-00~~DATE ~~Payment~~PAYMENT ~~Date~~DATE ~~Payment Date Payment Date Payment Date~~ ------------------------------------------------------------------------------------------------------~~------~~ Class A ~~94.00% 518,775,861.73 544,599,819.57 Class B~~ -1~~.50%~~ ~~8,278,338.22~~Notes ~~0.00 8~~85,~~690~~310,~~422~~021.~~65 0.~~00 ~~Class C 2.00% 11~~107,~~037~~632,~~784~~754.~~29 0.~~00 ~~11,587,230.20 0.00 CLASS D 0.03 13,797,230.37 0 14484037.75 0.00~~

----------------------------------------------------------------------------------------------------------------------- ~~ORIGINAL~~TARGET ~~36850~~CLASS ~~36819~~TARGET ~~POOL~~CLASS ~~Payment~~CLASS ~~Date~~PRINCIPAL AMOUNT FLOOR PRINCIPAL AMOUNT FLOOR CLASS PERCENTAGE DEC-00 DEC-00 NOV-00 NOV-00 PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE ----------------------------------------------------------------------------------------------------------------------- 1Class A 94.00% a496,964,493.27 ~~Contract~~518,775,861.73 ~~Pool~~Class ~~Balance~~B ~~759,430,525~~1.50% ~~551~~7,~~889~~930,~~215~~284.47 ~~579~~0.00 8,~~361~~278,~~510~~338.22 b0.00 NoClass ofC ~~Contracts~~2.00% ~~79033~~10,573,712.62 ~~65886~~0.00 ~~67788~~11,037,784.29 20.00 ~~Weighted~~CLASS ~~Average~~D ~~Remaining Term 39~~2.750% 3713,217,140.6578 370.9900 313,797,230.37 ~~Weighted Average Original Term 53~~0.300

Page 6 of 10 V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT 1. Principal Balance of Notes and Equity Certificates 551,889,214.60 (End of Prior Collection Period) 2. Contract Pool Principal Balance (End of Collection Period) 528,685,631.14 ------------------------- Total monthly principal amount 23,203,583.47

VI. CONTRACT POOL DATA

-----------------------------------------------------------------------~~---------~~ %A. OFCONTRACT %POOL OFCHARACTERISTICS ~~AGGREGATE~~ORIGINAL ~~REQUIRED~~DEC-00 ~~PAYOFF~~NOV-00 ~~NO.~~POOL OFPAYMENT ~~AGGREGATE~~DATE ~~REQUIRED~~PAYMENT ~~CONTRACTS~~DATE ~~AMOUNT ACCOUNTS PAYOFF AMOUNTS~~ -----------------------------------------------------------------------~~---------~~ 1. ~~Current 91~~a.~~71%~~ ~~91.67%~~Contract ~~60,421~~Pool ~~515~~Balance 759,~~198~~430,~~607~~525.2200 ~~31-60 days 4.43% 4.06% 2~~528,~~919 22~~685,~~805,265~~631.1514 ~~61-90 days 1.75% 1.88% 1~~551,~~150 10~~889,~~574,374~~214.3960 ~~91-120 days 0~~b.~~96%~~ ~~1.13%~~No ~~630~~of 6Contracts 79,~~329,570.64~~033 ~~120+ days 0.011626142 0.012680598 766 7~~64,~~126,936.80~~302 ~~Total Delinquency 1 1~~ 65,886 ~~562,034,754.~~2 2. ~~Delinquent~~Weighted ~~Scheduled~~Average ~~Payments:~~Remaining ~~Beginning~~Term of39.70 ~~Collection Period 11,044,359~~37.263 ~~-------------- End of Collection Period 10145539~~37.6 ~~Change~~3. inWeighted ~~Delinquent~~Average ~~Scheduled~~Original ~~Payments~~Term ~~-898819~~53.663

---------------------------------------------------------------------~~-------------------------~~ ~~Oct-00~~B. ~~Sep-00~~DELINQUENCY INFORMATION % OF AGGREGATE % of REQUIRED PAYOFF NO. OF AGGREGATE REQUIRED CONTRACTS AMOUNT ACCOUNTS PAYOFF AMOUNTS --------------------------------------------------------------------- 91.63% 91.84% 58,920 495,059,076.89 1. Current 4.38% 3.79% 2,817 20,416,975.65 31-60 days 1.78% 1.71% 1,143 9,225,938.67 61-~~-----------------------~~90 ~~Item~~days ~~Payment~~0.99% ~~Date~~1.20% ~~PAYMENT~~637 ~~DATE~~6,482,287.68 a91-120 days 1.22% ~~Senior~~1.46% ~~Loan~~785 97,~~492~~862,~~881~~470.5643 9120+ days Total Delinquency 100.0% 100.0% 64,~~492~~302 539,~~881~~046,749.5632 b2. ~~Holdback~~Delinquent ~~Amount~~Scheduled ~~32275797~~Payments: Beginning of Collection Period 10,145,539.3160 ~~32275797~~End of Collection Period 10,361,118.3118 ---------------- Change in Delinquent Scheduled Payments 215,578.58

C. DEFAULTED CONTRACT INFORMATION 1. Required Payoff Amount on Defaulted Contracts 2,042,228.00 2. Liquidation Proceeds received 645,235.90 ----------------- 3. Current Liquidation Loss Amount 1,396,992.10 4. Cumulative Liquidation Losses to date 6,756,808.31 % of Initial Contracts 1.784% % of Initial Contract Pool Balance 0.890%

Page 7 of 10 VII. INFORMATION REGARDING THE CASH COLLATERAL ACCOUNT A. CASH COLLATERAL ACCOUNT 1. Opening Cash Collateral Account 37,928,828.56 2. Deposit from the Collection Account 0.00 3. Withdrawls from the Cash Collateral Account (1,195,650.94) 4. Available amount 36,733,177.62 5. Required Cash Collateral Account Amount 41,768,678.88 6. Cash Collateral Account Surplus/ (Shortfall) (5,035,501.30) 7. Release of Cash Collateral Surplus 0.00 8. Ending Cash Collateral Account 36,733,177.62

B. CASH COLLATERAL ACCOUNT LOANS 1. Available Funds a. Excess Spread from Collection Account 0.00 b. Investment Earnings 203,508.28 Total Available Funds 203,508.28 2. Distribution of Available Funds a. Senior Loan Interest 76,091.38 b. Senior Loan Principal 0.00 c. Holdback Amount Interest 127,416.90 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 6.6188% b. Senior Loan Interest Rate 9.6188% c. Holdback Amount Interest Rate 11.8688%

Page 8 of 10

VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE 1. Opening Servicer Advance Balance 10,145,539.60 2. Current Period Servicer Advance 3,934,115.22 3. Recoveries of prior Servicer Advances -3,718,536.64 ----------------------------------- 4. Ending Servicer Advance Balance 10,361,118.18 B. CLASS A-2a FUNDING ACCOUNT 1. Opening Class A-2a Funding Account 144,291,800.00 2. Monthly Accrued Interest 0.00 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) 7.3% 3. Life to Date Substitutions: a. Prepayments 0.00 b. Defaults 0.00 a. Prepayments 0.00 b. Defaults 0.00

Page 9 of 10 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 10/20/00 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 10 of 10

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