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-Jan-01 CIT Equipment Collateral 2000-1 ~~A New York Commission File No. I.R.S. Employer No. Corporation 0001114967 22-6846998~~

c/o AT&T Capital Corporation 650 CIT Drive, Livingston, N.J. 07039 Telephone Number (973) 740-5000 Page 1 of 9 ITEM 5. OTHER CIT EQUIPMENT COLLATERAL 2000-1 MONTHLY SERVICING REPORT DETERMINATION DATE: 01/18/01 COLLECTION PERIOD: 12/31/00 PAYMENT DATE: JANUARY 22, 2001 I. AVAILABLE FUNDS A. AVAILABLE PLEDGED REVENUES a. Scheduled Payments Received 21,830,436.81 b. Liquidation Proceeds Allocated to Owner Trust 819,110.55 c. Required Payoff Amounts of Prepaid Contracts 1,768,368.65 d. Required Payoff Amounts of Purchased Contracts 18,058.79 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 = 24,435,974.80 B. DETERMINATION OF AVAILABLE FUNDS a. Total Available Pledged Revenues 24,435,974.80 b. Receipt from Class A-2 Swap Counterparty 11,588.44 c. Receipt from Class A-3 Swap Counterparty 3,113.07 d. Servicer Advances 4,787,186.20 e. Recoveries of prior Servicer Advances (3,900,831.97) f. Withdrawls from the Class A Principal Account, including Investment Earnings 0.00 g. Withdrawal from Cash Collateral Account 1,368,250.60 ------------ Total Available Funds = 26,705,281.14

Page 2 of 9 II. DISTRIBUTION AMOUNTS A. COLLECTION ACCOUNT DISTRIBUTIONS 1. Servicing Fee 330,428.51 2. Class A-1 Note Interest Distribution 441,768.45 Class A-1 Note Principal Distribution 21,696,906.81 Aggregate Class A-1 distribution 22,138,675.26 3. Class A-2a Note Interest Distribution 883,050.79 Class A-2a Note Principal Distribution 0.00 Aggregate Class A-2a distribution 883,050.79 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 1,174,411.25 Class A-3 Note Principal Distribution 0.00 Aggregate Class A-3 distribution 1,174,411.25 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 49,828.62 Class B Note Principal Distribution 346,227.24 Aggregate Class B distribution 396,055.86 9. Class C Note Interest Distribution 67,231.19 Class C Note Principal Distribution 461,636.32 Aggregate Class C distribution 528,867.51 10. Class D Note Interest Distribution 89,105.56 Class D Note Principal Distribution 577,045.39 Aggregate Class D distribution 666,150.95 11. Payment due to the Class A-2 Swap Counterparty 0.00 12. Payment due to the Class A-3 Swap Counterparty 0.00 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 = 26,705,281.14 ==============

Page 3 of 9 B. CASH COLLATERAL ACCOUNT DISTRIBUTIONS 1. Payment due on the Senior Loan 84,287.89 2. Payment due on the Holdback 120,789.86 3. Payment to the Depositor 0.00 ----------- Cash Collateral Account Distributions = 205,077.75 ===========

III. INFORMATION REGARDING DISTRIBUTIONS ON THE SECURITIES

~~DETERMINATION~~-------------------------------------------------------------------------------------------------- ~~DATE:~~DISTRIBUTION ~~12/18/00~~CLASS ~~COLLECTION~~A-1 ~~PERIOD:~~CLASS ~~11/30/00~~A-2a ~~PAYMENT~~CLASS ~~DATE:~~A-3 ~~DECEMBER~~CLASS ~~20,~~A-4 ~~2000~~AMOUNTS I.NOTES ~~AVAILABLE~~NOTES ~~FUNDS~~NOTES A.NOTES ~~AVAILABLE~~-------------------------------------------------------------------------------------------------- ~~PLEDGED REVENUES a~~1. ~~Scheduled~~Interest ~~Payments~~Due ~~Received~~441,768.45 23883,~~616~~050.79 1,~~653~~174,411.5125 b587,641.01 ~~Liquidation~~2. ~~Proceeds~~Interest ~~Allocated~~Paid ~~to Owner Trust 645~~441,~~235~~768.9045 c883,050.79 ~~Required Payoff Amounts of Prepaid Contracts~~ 1,~~244~~174,~~816~~411.9325 d587,641.01 ~~Required~~3. ~~Payoff~~Interest ~~Amounts~~Shortfall ~~of Purchased Contracts~~ 0.00 e0.00 ~~Proceeds of Clean-up Call~~ 0.00 f0.00 ~~Investment~~((1) ~~Earnings~~minus on(2)) ~~Collection~~4. ~~Account~~Principal ~~and~~Paid ~~Note~~21,696,906.81 ~~Distribution~~0.00 ~~Account~~0.00 0.00 g5. ~~Investment~~Total ~~Earnings~~Distribution onAmount ~~Class~~22,138,675.26 ~~A-2a~~883,050.79 ~~Funding~~1,174,411.25 ~~Account 0~~587,641.0001 ((2) plus (4)) ------------------------------------------------------------------------------------------------------ ~~Total~~DISTRIBUTION ~~Available~~CLASS ~~Pledged~~B ~~Revenues~~CLASS =C ~~25,506,706.34~~CLASS B.D ~~DETERMINATION~~TOTAL OFOFFERED ~~AVAILABLE~~CLASS ~~FUNDS~~A-2b a.AMOUNTS ~~Total~~NOTES ~~Available~~NOTES ~~Pledged~~NOTES ~~Revenues~~NOTES ~~25,506,706.34~~NOTES b------------------------------------------------------------------------------------------------------ 1. ~~Receipt~~Interest ~~from~~Due ~~Class~~49,828.62 ~~A-2~~67,231.19 ~~Swap~~89,105.56 ~~Counterparty~~3,293,036.87 0.00 c2. ~~Receipt~~Interest ~~from~~Paid ~~Class~~49,828.62 ~~A-3~~67,231.19 ~~Swap~~89,105.56 ~~Counterparty~~3,293,036.87 0.00 d3. ~~Servicer~~Interest ~~Advances~~Shortfall ~~3,934,115~~0.2200 e0.00 ~~Recoveries~~0.00 of0.00 ~~prior~~0.00 ~~Servicer~~((1) ~~Advances~~minus (~~3,718,536.64~~2)) f4. ~~Withdrawls~~Principal ~~from~~Paid ~~the~~346,227.24 ~~Class~~461,636.32 A577,045.39 ~~Principal Account~~23,081,815.75 ~~including Investment Earnings~~ 0.00 g5. ~~Withdrawal~~Total ~~from~~Distribution ~~Cash~~Amount ~~Collateral~~396,055.86 ~~Account~~528,867.51 1666,~~195,650~~150.9495 ~~-------------- Total Available Funds =~~ 26,~~917~~374,~~935~~852.8662 0.00 ((2) plus (4))

Page 4 of 9 IV. Information Regarding the Securities A Summary of Balance Information

--------------------------------------------------------------------------------------------------------~~---------------~~ ~~DISTRIBUTION~~APPLICABLE ~~CLASS~~PRINCIPAL ~~A-1~~BALANCE CLASS ~~A-2A~~FACTOR PRINCIPAL BALANCE CLASS ~~A-3~~FACTOR CLASS ACOUPON JAN-401 JAN-01 DEC-00 DEC-00 RATE PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE -------------------------------------------------------------------------------------------------------- a. Class A-~~-----------~~1 ~~AMOUNTS~~Notes ~~NOTES~~6.7230% ~~NOTES~~49,986,492.47 ~~NOTES~~0.17321 ~~NOTES~~71,683,399.28 10.24840 ~~Interest~~b. ~~Due~~Class ~~523,806~~A-2a Notes 6.316763% ~~794~~144,~~657~~291,800.0300 1.00000 144,~~057~~291,~~073~~800.8900 ~~587,641~~1.0100000 2c. ~~Interest~~Class ~~Paid~~A-3 ~~523,806~~Notes 6.318163% ~~794~~187,~~657~~959,055.0300 1.00000 187,~~057~~959,~~073~~055.8900 ~~587,641~~1.0100000 3d. ~~Interest~~Class ~~Shortfall~~A-4 0Notes 7.005800% 093,030,239.00 01.0000000 093,030,239.00 ((1).00000 ~~minus~~e. ~~(2))~~Class 4B ~~Principal~~Notes ~~Paid~~7.5400% 217,~~811~~584,~~368~~057.4523 0.0066577 7,930,284.47 0.0069616 f. Class C Notes 7.6300% 10,112,076.31 0.0066577 510,573,712.62 ~~Total~~0.69616 ~~Distribution~~g. ~~Amount~~Class 22D Notes 12,~~335~~640,~~174~~095.7638 ~~794~~0.66577 13,~~657~~217,140.0378 1h. Total Offered Notes 8.0900% 505,~~057~~603,~~073~~815.8939 ~~587~~528,~~641~~685,631.0114 ~~((2)~~0.69616 ~~plus~~i. ~~(4))~~Class A-2b Notes 144,291,800.00 j. ONE - MONTH LIBOR RATE 6.6863%

B Other Information

---------------------------------------------------------------------------~~-----------------------------------------------~~ ~~DISTRIBUTION~~SCHEDULED ~~CLASS~~SCHEDULED BPRINCIPAL ~~CLASS~~BALANCE CPRINCIPAL BALANCE CLASS DJAN-01 ~~TOTAL~~DEC-00 ~~OFFERED~~PAYMENT ~~CLASS~~DATE ~~A-2b~~PAYMENT DATE ---------------------------------------------------------------------------~~-----------------------------------------------~~ ~~AMOUNTS~~Class ~~NOTES NOTES NOTES NOTES NOTES~~ A-1 ~~Interest~~Notes ~~Due 52~~63,~~015.56 70~~364,~~181~~064.~~91 93,016.33 3,178,392.04 0.~~00 ~~2 Interest Paid 52~~85,~~015.56 70~~310,~~181~~021.~~91 93,016.33 3,178,392.04 0.~~00 3 Interest Shortfall 0.00 0.00 0.00 0.00 0.00 ((1) minus (2)) 4 Principal Paid 348,053.75 464,071.67 580,089.59 23,203,583.46 0.00 5 Total Distribution Amount 400,069.31 534,253.58 673,105.92 26,381,975.50 0.00 ((2) plus (4))

-----------------------------------------------------------------------------------------------------------~~---------------~~ ~~APPLICABLE~~TARGET ~~PRINCIPAL~~CLASS ~~BALANCE~~TARGET CLASS ~~FACTOR~~CLASS PRINCIPAL ~~BALANCE~~AMOUNT ~~CLASS~~FLOOR ~~FACTOR~~PRINCIPAL AMOUNT FLOOR CLASS ~~COUPON~~PERCENTAGE ~~DEC~~JAN-0001 ~~DEC~~JAN-0001 ~~NOV~~DEC-00 ~~NOV~~DEC-00 ~~Rate~~PAYMENT ~~Payment~~DATE ~~Date~~PAYMENT ~~Payment~~DATE ~~Date~~PAYMENT ~~Payment~~DATE ~~Date~~PAYMENT ~~Payment~~DATE ~~Date~~ -----------------------------------------------------------------------------------------------------------~~---------------~~ a. Class A-1 ~~Notes 6~~94.~~7230~~00% 71475,~~683~~267,~~399~~586.2847 ~~0.24840 93~~496,~~494~~964,~~767~~493.7327 ~~0.32398 b.~~ Class ~~A-2a~~B ~~Notes 6.6088% 144,291,800.00~~ 1.~~00000 144,291,800.00 1.00000 c. Class A-3 Notes 6.7488~~50% ~~187,959,055.00 1.00000 187,959,055.00 1.00000 d. Class A-4 Notes~~ 7~~.5800% 93~~,~~030~~584,~~239~~057.0023 10.~~00000 93,030,239.~~00 ~~1.00000 e. Class B Notes~~ 7~~.5400% 7~~,930,284.47 0.~~69616~~00 ~~8,278,338.22 0.72671 f.~~ Class C ~~Notes 7~~2.~~6300~~00% 10,~~573~~112,~~712~~076.6231 0.~~69616~~00 1110,~~037~~573,~~784~~712.2962 0.~~72671~~00 g.CLASS ~~Class~~ D ~~Notes 8~~2.~~0900~~50% 1312,~~217~~640,~~140~~095.7838 0.~~69616~~00 13,~~797~~217,~~230~~140.3778 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%~~

Page 5 of 9 V. PRINCIPAL A. MONTHLY PRINCIPAL AMOUNT 1. Principal Balance of Notes and Equity Certificates 528,685,631.14 (End of Prior Collection Period) 2. Contract Pool Principal Balance (End of Collection Period) 505,603,815.39 -------------- Total monthly principal amount 23,081,815.75

VI. CONTRACT POOL DATA A. CONTRACT POOL CHARACTERISTICS

--------------------------------------------------------~~----------------------------------------------~~ ~~SCHEDULED~~ORIGINAL ~~SCHEDULED~~JAN-01 ~~PRINCIPAL BALANCE PRINCIPAL BALANCE CLASS~~ DEC-00 ~~NOV-00~~POOL PAYMENT DATE PAYMENT DATE --------------------------------------------------------~~----------------------------------------------~~ ~~Class A-~~1. ~~Notes~~a. 85Contract Pool Balance 759,~~310~~430,~~021~~525.00 ~~107~~505,~~632~~603,~~754~~815.0039 528,685,631.14 b. No. of Contracts 79,033 62,661 64,302 2. Weighted Average Remaining Term 39.70 59.9 37.3 3. Weighted Average Original Term 53.3

B. DELINQUENCY INFORMATION ----------------------------------------------------------------------------------~~-------------------------------------~~ ~~TARGET~~% ~~CLASS~~OF ~~TARGET~~AGGREGATE ~~CLASS~~% ~~CLASS~~OF ~~PRINCIPAL~~REQUIRED ~~AMOUNT~~PAYOFF ~~FLOOR~~NO. ~~PRINCIPAL~~OF ~~AMOUNT~~AGGREGATE ~~FLOOR~~REQUIRED ~~CLASS~~CONTRACTS ~~PERCENTAGE~~AMOUNT ~~DEC-00~~ACCOUNTS ~~DEC-00~~PAYOFF ~~NOV-00~~AMOUNTS ~~NOV~~-~~00 PAYMENT DATE PAYMENT DATE PAYMENT DATE PAYMENT DATE~~ ---------------------------------------------------------------------------------~~--------------------------------------~~ ~~Class~~1. ACurrent 9490.0047% ~~496~~90.37% 56,~~964~~687 467,~~493~~074,851.2735 ~~518~~31-60 days 5.24% 5.04% 3,~~775~~282 26,~~861~~035,048.7386 ~~Class~~61-90 Bdays 1.5089% 71.92% 1,~~930~~184 9,~~284~~912,434.4719 91-120 days 1.04% 0.0096% 649 4,984,363.64 120+ days 1.37% 1.71% 859 8,~~278~~844,~~338~~589.2276 Total Delinquency 100.0% 100.000% ~~Class~~62,661 C516,851,287.8 2.~~00%~~ Delinquent Scheduled Payments: Beginning of Collection Period 10,~~573~~361,~~712~~118.6218 ~~0.00~~End of Collection Period 11,~~037~~247,~~784~~472.2941 0-------------- Change in Delinquent Scheduled Payments 886,354.0023 ~~CLASS~~C. DDEFAULTED CONTRACT INFORMATION 1. Required Payoff Amount on Defaulted Contracts 2,539,007.~~50%~~06 132. Liquidation Proceeds received 819,~~217~~110.55 -------------- 3. Current Liquidation Loss Amount 1,~~140~~719,896.7851 04.00 13Cumulative Liquidation Losses to date 8,~~797~~476,~~230~~704.3782 0% of Initial Contracts 2.00035% % of Initial Contract Pool Balance 1.116%

Page 6 of 9 VII. INFORMATION REGARDING THE CASH COLLATERAL ACCOUNT A. CASH COLLATERAL ACCOUNT 1. Opening Cash Collateral Account 36,733,177.62 2. Deposit from the Collection Account 0.00 3. Withdrawals from the Cash Collateral Account (1,368,250.60) 4. Available amount 35,364,927.02 5. Required Cash Collateral Account Amount 41,768,678.88 6. Cash Collateral Account Surplus/(Shortfall) (6,403,751.90) 7. Release of Cash Collateral Surplus 0.00 8. Ending Cash Collateral Account 35,364,927.02 B. CASH COLLATERAL ACCOUNT LOANS 1. Available Funds a. Excess Spread from Collection Account 0.00 b. Investment Earnings 205,077.75 Total Available Funds 205,077.75 2. Distribution of Available Funds a. Senior Loan Interest 84,287.89 b. Senior Loan Principal 0.00 c. Holdback Amount Interest 120,789.86 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 6.6863% b. Senior Loan Interest Rate 9.6863% c. Holdback Amount Interest Rate 11.9363%

Page 7 of 9

------------------------------------------------------------- JAN-~~---------~~01 ~~A. CONTRACT POOL CHARACTERISTICS ORIGINAL~~ DEC-00 ~~NOV-00~~ITEM ~~POOL~~ PAYMENT DATE PAYMENT DATE -------------------------------------------------------------~~----------~~ 1. a. ~~Contract~~Senior ~~Pool~~Loan ~~Balance 759~~9,~~430~~492,~~525~~881.0056 ~~528~~9,~~685~~492,~~631~~881.1456 ~~551,889,214.60~~ b. NoHoldback ofAmount ~~Contracts 79~~32,~~033 64~~275,~~302~~797.31 6532,~~886 2~~275,797. ~~Weighted Average Remaining Term 39.70 37.3 37.6 3. Weighted Average Original Term 53.3~~31

VIII. MISCELLANEOUS INFORMATION A. SERVICER ADVANCE BALANCE 1. Opening Servicer Advance Balance 10,361,118.18 2. Current Period Servicer Advance 4,787,186.20 3. Recoveries of prior Servicer Advances -3,900,831.97 4. Ending Servicer Advance Balance 11,247,472.41 ------------------ 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. Withdrawals 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) 7.1% 3. Life to Date Substitutions: a. Prepayments 0.00 b. Defaults 0.00

Page 8 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 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 9 of 9

--------------------------------------------------------------------- B. 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 days 0.99% 1.20% 637 6,482,287.68 91-120 days 1.22% 1.46% 785 7,862,470.43 120+ days Total Delinquency 100.0% 100.0% 64,302 539,046,749.32 2. Delinquent Scheduled Payments: Beginning of Collection Period 10,145,539.60 End of Collection Period 10,361,118.18 ---------------- Change in Delinquent Scheduled Payments 215,578.58

------------------------------------------------------------------------------- DEC-00 NOV-00 PAYMENT DATE PAYMENT DATE ------------------------------------------------------------------------------- Item a. Senior Loan 9,492,881.56 9,492,881.56 b. Holdback Amount 32,275,797.31 32,275,797.31

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