Ford Credit Auto Owner Trust 2009-E
Monthly Investor Report



Collection Period		December 2009
Payment Date		1/15/2010
Transaction Month		2

Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus supplement, available on the SEC website (http://www.sec.gov) under the registration number 333-143316 and at http://www.fordcredit.com/institutionalinvestments/index.jhtml.

I. ORIGINAL DEAL PARAMETERS


						Weighted Avg Remaining
	Dollar Amount		# of Receivables			Term at Cutoff
Initial Pool Balance	$	1,849,663,230.31		91,401		53.4 months

	Dollar Amount		Note Interest Rate			Final Scheduled Payment Date
Original Securities:
Class A-1 Notes	$	455,000,000.00		0.29487	%	December 15, 2010
Class A-2 Notes	$	328,000,000.00		0.800	%	March 15, 2012
Class A-3 Notes	$	602,000,000.00		1.510	%	January 15, 2014
Class A-4 Notes	$	197,300,000.00		2.420	%	November 15, 2014
Class B Notes	$	49,900,000.00		3.090	%	April 15, 2015
Class C Notes	$	33,300,000.00		3.420	%	August 15, 2015
Class D Notes	$	33,300,000.00		5.530	%	May 15, 2016

Total	$	1,698,800,000.00

II. AVAILABLE FUNDS


Interest:
Interest Collections	$	7,569,593.17

Principal:
Principal Collections	$	37,884,379.91
Prepayments in Full	$	22,611,126.49
Liquidation Proceeds	$	159,443.70
Recoveries	$	0.00

Sub Total	$	60,654,950.10

Collections	$	68,224,543.27

Purchase Amounts:
Purchase Amounts Related to Principal	$	434,391.82
Purchase Amounts Related to Interest	$	2,564.76

Sub Total	$	436,956.58

Clean-up Call	$	0.00

Reserve Account Draw Amount	$	0.00

Available Funds — Total	$	68,661,499.85

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Ford Credit Auto Owner Trust 2009-E
Monthly Investor Report



Collection Period		December 2009
Payment Date		1/15/2010
Transaction Month		2

III. DISTRIBUTIONS


							Carryover		Remaining
Available Funds	Calculated Amount		Amount Paid		Shortfall		Shortfall		Available Funds
Indenture/Owner Trustee Fees/Expenses	$	0.00	$	0.00	$	0.00	$	0.00	$	68,661,499.85
Servicing Fee	$	1,486,693.69	$	1,486,693.69	$	0.00	$	0.00	$	67,174,806.16
Interest — Class A-1 Notes	$	97,559.97	$	97,559.97	$	0.00	$	0.00	$	67,077,246.19
Interest — Class A-2 Notes	$	218,666.67	$	218,666.67	$	0.00	$	0.00	$	66,858,579.52
Interest — Class A-3 Notes	$	757,516.67	$	757,516.67	$	0.00	$	0.00	$	66,101,062.85
Interest — Class A-4 Notes	$	397,888.33	$	397,888.33	$	0.00	$	0.00	$	65,703,174.52
First Priority Principal Payment	$	0.00	$	0.00	$	0.00	$	0.00	$	65,703,174.52
Interest — Class B Notes	$	128,492.50	$	128,492.50	$	0.00	$	0.00	$	65,574,682.02
Second Priority Principal Payment	$	9,538,946.50	$	9,538,946.50	$	0.00	$	0.00	$	56,035,735.52
Interest — Class C Notes	$	94,905.00	$	94,905.00	$	0.00	$	0.00	$	55,940,830.52
Third Priority Principal Payment	$	33,300,000.00	$	33,300,000.00	$	0.00	$	0.00	$	22,640,830.52
Interest — Class D Notes	$	153,457.50	$	153,457.50	$	0.00	$	0.00	$	22,487,373.02
Reserve Account Deposit	$	0.00	$	0.00	$	0.00	$	0.00	$	22,487,373.02
Regular Principal Payment	$	341,382,727.47	$	22,487,373.02	$	0.00	$	0.00	$	0.00
Additional Trustee Fees and	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Residual Released to Depositor	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Total			$	68,661,499.85

Principal Payment:
First Priority Principal Payment									$	0.00
Second Priority Principal Payment									$	9,538,946.50
Third Priority Principal Payment									$	33,300,000.00
Regular Principal Payment									$	22,487,373.02

Total									$	65,326,319.52

IV. NOTEHOLDER PAYMENTS


	Noteholder Principal Payments				Noteholder Interest Payments				Total Payment
			Per $1,000 of				Per $1,000 of				Per $1,000 of
			Original				Original				Original
	Actual		Balance		Actual		Balance		Actual		Balance
Class A-1 Notes	$	65,326,319.52	$	143.57	$	97,559.97	$	0.21	$	65,423,879.49	$	143.79
Class A-2 Notes	$	0.00	$	0.00	$	218,666.67	$	0.67	$	218,666.67	$	0.67
Class A-3 Notes	$	0.00	$	0.00	$	757,516.67	$	1.26	$	757,516.67	$	1.26
Class A-4 Notes	$	0.00	$	0.00	$	397,888.33	$	2.02	$	397,888.33	$	2.02
Class B Notes	$	0.00	$	0.00	$	128,492.50	$	2.58	$	128,492.50	$	2.58
Class C Notes	$	0.00	$	0.00	$	94,905.00	$	2.85	$	94,905.00	$	2.85
Class D Notes	$	0.00	$	0.00	$	153,457.50	$	4.61	$	153,457.50	$	4.61

Total	$	65,326,319.52			$	1,848,486.64			$	67,174,806.16

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Ford Credit Auto Owner Trust 2009-E
Monthly Investor Report



Collection Period		December 2009
Payment Date		1/15/2010
Transaction Month		2

V. NOTE BALANCE AND POOL INFORMATION


	Beginning of Period					End of Period
	Balance		Note Factor			Balance		Note Factor
Class A-1 Notes	$	384,221,673.97		0.8444432		$	318,895,354.45		0.7008689
Class A-2 Notes	$	328,000,000.00		1.0000000		$	328,000,000.00		1.0000000
Class A-3 Notes	$	602,000,000.00		1.0000000		$	602,000,000.00		1.0000000
Class A-4 Notes	$	197,300,000.00		1.0000000		$	197,300,000.00		1.0000000
Class B Notes	$	49,900,000.00		1.0000000		$	49,900,000.00		1.0000000
Class C Notes	$	33,300,000.00		1.0000000		$	33,300,000.00		1.0000000
Class D Notes	$	33,300,000.00		1.0000000		$	33,300,000.00		1.0000000

Total	$	1,628,021,673.97		0.9583363		$	1,562,695,354.45		0.9198819

Pool Information
Weighted Average APR				5.015	%				4.987	%
Weighted Average Remaining Term				52.50					51.65
Number of Receivables Outstanding				89,491					87,702
Pool Balance			$	1,784,032,423.05				$	1,722,893,159.48
Adjusted Pool Balance (Pool Balance — YSOC Amount)			$	1,606,526,559.37				$	1,551,882,727.47
Pool Factor				0.9645174					0.9314632

VI. OVERCOLLATERALIZATION INFORMATION


Specified Reserve Balance	$	18,496,632.30
Targeted Credit Enhancement Amount	$	25,843,397.39
Yield Supplement Overcollateralization Amount	$	171,010,432.01
Targeted Overcollateralization Amount	$	178,357,197.10
Actual Overcollateralization Amount (EOP Pool Balance — EOP Note Balance)	$	160,197,805.03

VII. RECONCILIATION OF RESERVE ACCOUNT


Beginning Reserve Account Balance	$	18,496,632.30
Reserve Account Deposits Made	$	0.00
Reserve Account Draw Amount	$	0.00

Ending Reserve Account Balance	$	18,496,632.30
Change in Reserve Account Balance	$	0.00

Specified Reserve Balance	$	18,496,632.30

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Ford Credit Auto Owner Trust 2009-E
Monthly Investor Report



Collection Period		December 2009
Payment Date		1/15/2010
Transaction Month		2

VIII. NET LOSSES AND DELINQUENT RECEIVABLES


	# of Receivables		Amount
Realized Loss		146	$	49,921.65
(Recoveries)		0	$	0.00

Net Losses for Current Collection Period			$	49,921.65
Cumulative Net Losses Last Collection Period			$	3,546.01

Cumulative Net Losses for all Collection Periods			$	53,467.66

Ratio of Net Losses for Current Collection Period to Beginning of Period Pool Balance (annualized)				0.03	%

Delinquent Receivables:


	% of EOP Pool			# of Receivables		Amount
31-60 Days Delinquent		0.74	%		610	$	12,721,511.21
61-90 Days Delinquent		0.04	%		33	$	642,733.51
91-120 Days Delinquent		0.00	%		1	$	17,334.76
Over 120 Days Delinquent		0.00	%		0	$	0.00


Total Delinquent Receivables		0.78	%		644	$	13,381,579.48

Repossesion Inventory:

Repossesed in the Current Collection Period					33	$	801,491.49
Total Repossesed Inventory					38	$	932,525.38

Ratio of Net Losses to the Average Pool Balance for the Collection Period:
Second Preceding Collection Period							0.0000	%
Preceding Collection Period							0.0023	%
Current Collection Period							0.0342	%
Three Month Average							0.0122	%

Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables:
Second Preceding Collection Period							0.0000	%
Preceding Collection Period							0.0011	%
Current Collection Period							0.0388	%
Three Month Average							0.0133	%

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Ford Credit Auto Owner Trust 2009-E 10-D