CNH Equipment Trust 2002-B 8-K Other Events

Exhibit 20.1

CNH Equipment Trust 2002-B

$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003

$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005

$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006

$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008

$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010

$33,000,000 4.120% Asset Backed Certificates

Please contact Kim Jeske at (262) 636-6644 with any questions regarding this report or email abs@cnh.com.  For additional information consult http://investors.cnh.com

		1		2		3
		2		2		2
Cutoff Date		12/31/2004
Date Added		10/31/2002		11/30/2002		12/31/2002
Pool	Period	Pool 1		Pool 2		Pool 3
Scheduled Cashflows	0	3,977,026.48		798,991.57		1,299,455.15
	1	7,155,957.75		1,494,329.19		1,033,716.35
	2	7,497,348.73		1,414,070.73		869,908.33
	3	7,813,974.09		1,613,253.16		915,142.25
	4	13,013,831.87		1,953,556.73		886,662.52
	5	16,485,934.61		1,557,296.46		977,563.73
	6	14,332,531.71		1,602,419.67		1,021,475.22
	7	11,690,776.42		1,251,598.19		912,564.90
	8	9,832,210.27		1,305,653.66		916,948.93
	9	11,054,859.95		1,354,800.66		948,843.54
	10	9,393,355.37		3,611,251.16		931,743.21
	11	6,256,976.88		7,052,082.14		2,807,990.76
	12	6,423,741.96		1,389,321.38		4,822,417.66
	13	5,534,685.25		1,320,641.02		916,349.05
	14	4,837,533.91		1,007,124.05		594,381.37
	15	5,230,491.00		1,210,642.62		617,635.78
	16	8,875,372.39		1,477,495.94		582,015.85
	17	11,184,438.38		1,012,080.77		646,705.96
	18	9,456,147.39		1,118,202.00		674,339.73
	19	7,807,289.76		764,247.50		616,061.31
	20	6,288,933.43		810,088.52		613,778.19
	21	7,321,191.19		903,280.14		618,359.44
	22	5,989,235.72		2,242,208.78		577,062.87
	23	4,173,410.48		4,095,200.19		1,843,725.46
	24	4,495,611.53		1,013,985.23		3,494,124.49
	25	3,578,791.94		906,277.82		610,229.13
	26	3,155,478.97		781,508.69		390,335.10
	27	3,229,695.18		950,767.66		405,167.86
	28	5,573,785.58		1,112,807.94		380,117.39
	29	7,236,770.80		759,608.41		422,313.69
	30	5,693,505.67		766,089.56		439,374.33
	31	4,477,322.85		508,883.23		412,352.33
	32	3,085,875.84		450,410.74		397,114.45
	33	3,799,323.22		580,143.65		406,172.69
	34	2,373,322.37		1,731,549.49		371,219.79
	35	649,737.61		3,111,819.19		1,432,470.13
	36	393,415.71		168,910.52		2,530,741.10
	37	316,334.13		160,342.46		196,768.93
	38	218,175.72		125,560.81		34,820.10
	39	233,327.88		229,143.28		38,876.29
	40	271,156.58		338,536.49		18,252.03
	41	348,229.42		119,751.80		18,252.03
	42	374,719.89		241,285.02		23,895.61
	43	187,895.42		46,229.31		17,514.82
	44	263,274.72		24,930.55		17,516.05
	45	124,079.75		56,493.91		16,579.84
	46	90,792.44		69,857.02		16,305.40
	47	2,320.52		4,723.37		79,215.18
	48	98,622.68		0.00		153,884.15
	49	708.77		0.00		736.77
	50	588.66		0.00		0.00
	51	588.66		0.00		0.00
	52	588.66		0.00		0.00
	53	588.66		0.00		0.00
	54	588.66		0.00		0.00
	55	588.66		0.00		0.00
	56	588.66		0.00		0.00
	57	588.66		0.00		0.00
	58	588.66		0.00		0.00
	59	588.66		0.00		0.00
	60	588.66		0.00		0.00
	61	588.66		0.00		0.00
	62	588.66		0.00		0.00
	63	588.66		0.00		0.00
	64	325.78		0.00		0.00
	65	0.00		0.00		0.00
	66	0.00		0.00		0.00
	67	0.00		0.00		0.00
	68	0.00		0.00		0.00
	69	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
	70	0.00		0.00		0.00
Total Amount of Scheduled Cashflow	Total	251,908,097.20		56,619,452.38		38,969,197.24
Discount Rate		5.500	%	5.500	%	5.500	%
Beginning Contract Value		248,026,165.68		55,706,991.08		41,449,607.56
Scheduled Contract Value Decline		11,580,546.21		2,845,772.94		5,428,255.12
Unscheduled Contract Value Decline		373,127.28		359,474.00		(45,404.71	)
Additional Contract Value Added	1,100,000,217.38	0.00		0.00		0.00
Ending Contract Value		236,072,492.19		52,501,744.14		36,066,757.15

1

CNH Equipment Trust 2002-B

$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003

$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005

$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006

$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008

$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010

$33,000,000 4.120% Asset Backed Certificates

Dated Date (30/360)	12/15/2004
Dated Date (act/360)	12/15/2004
Scheduled Payment Date	1/15/2005
Actual Payment Date	1/18/2005
Days in accrual period (30/360)	30
Days in accrual period (act/360)	34
1 month LIBOR Rate	2.4025		%
Collateral Summary
Wtd. Average Discount Rate	5.500		%
Beginning Contract Value	345,182,764.32
Scheduled Contract Value Decline	19,854,574.27
Unscheduled Contract Value Decline	687,196.57
Additional Contract Value Purchased	0.00
Ending Contract Value	324,640,993.48
Beginning Pre-funding Account Balance	0.00
Ending Pre-funding Account Balance	0.00
Total Beginning Balance (Pool Balance + Pre-funding Account Balance)	345,182,764.32
Total Ending Balance (Pool Balance + Pre-funding Account Balance)	324,640,993.48
Collateral Performance
Scheduled Amounts 30 - 59 days past due	$	723,573.31		0.22	%
Scheduled Amounts 60 days or more past due	$	1,518,171.55		0.47	%
Net Losses on Liquidated Receivables	$	220,042.28		0.07	%
Cumulative Net Losses	$	3,939,272.76
Number of Loans at Beginning of Period	28,095
Number of Loans at End of Period	27,469
Repossessed Equipment not Sold or Reassigned (Beginning)	$	506,864.18
Repossessed Equipment not Sold or Reassigned (End)	$	437,752.30
Collections and Reinvestment Income
Receipts During the period	$	21,929,220.45
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date	$	0.00
Government obligors	$	0.00
Total Warranty Repurchases	$	0.00
Total Collections For The Period	$	21,929,220.45
Reinvestment Income (excluding Pre-funding Account)	$	71,775.68
Reinvestment Income on Pre-funding Account)	$	0.00
Net Swap Receipts	48,020.69
Net Swap Termination Payments due Trust from the Swap CounterParty	$	0.00
Total Collections + Reinvestment Income For The Period + Swap Receipt	$	22,049,016.82
Swap Termination Payments due to Swap CounterParty	$	0.00
Prior Swap Termination Payment Shortfall	$	0.00
Total Swap Termination Payment due to Swap CounterParty	$	0.00

2

CNH Equipment Trust 2002-B

$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003

$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005

$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006

$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008

$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010

$33,000,000 4.120% Asset Backed Certificates

Actual Payment Date								1/18/2005
Caclulation of Distributable Amounts
Current Servicing Fee Due				1.000		%		$	287,652.30
Past Due Servicing Fee								$	0.00
Total Servicing Fee Due								$	287,652.30
Current Administration Fee Due				$	500.00			$	166.67
Past Due Administration Fee								$	0.00
Total Administration Fee Due								$	166.67
Total Principal Balance of Notes and Certificates (Beginning of Period)								$	345,182,764.32
A-1 notes Beginning Principal balance								$	0.00
A-2 notes Beginning Principal balance								$	0.00
A-3 notes Beginning Principal balance								$	114,714,324.48
A-4 notes Beginning Principal balance								$	186,250,000.00
B notes Beginning Principal balance								$	11,218,439.84
Certificate Beginning Principal balance								$	33,000,000.00
		Coupon/		Swap Adj.
	Type	Spread		Coupon			Daycount
A-1 notes Current Interest Due	Fix	1.40625	%	1.40625		%	act/360	$	0.00
A-2 notes Current Interest Due	Fix	1.86000	%	1.86000		%	30/360	$	0.00
A-3 notes Current Interest Due	Flt	0.21000	%	2.43050		%	act/360	$	283,041.66
A-4 notes Current Interest Due	Flt	0.36000	%	3.16700		%	act/360	$	485,931.42
B notes Current Interest Due	Fix	4.12000	%	4.12000		%	30/360	$	38,516.64
Certificate Current Interest Due	Fix	4.12000	%	4.12000		%	30/360	$	113,300.00
A-1 notes Past Due Interest								$	0.00
A-2 notes Past Due Interest								$	0.00
A-3 notes Past Due Interest								$	0.00
A-4 notes Past Due Interest								$	0.00
B notes Past Due Interest								$	0.00
Certificate Past Due Interest								$	0.00
A-1 notes Interest Due on Past Due Interest								$	0.00
A-2 notes Interest Due on Past Due Interest								$	0.00
A-3 notes Interest Due on Past Due Interest								$	0.00
A-4 notes Interest Due on Past Due Interest								$	0.00
B notes Interest Due on Past Due Interest								$	0.00
Certificate Interest Due on Past Due Interest								$	0.00
A-1 notes Total Interest Due								$	0.00
A-2 notes Total Interest Due								$	0.00
A-3 notes Total Interest Due								$	283,041.66
A-4 notes Total Interest Due								$	485,931.42
B notes Total Interest Due								$	38,516.64
Certificate Total Interest Due								$	113,300.00
				1 Month LIBOR
				Fixed Coupon
A-1 Net Swap Payment Due				0.00000		%		$	0.00
A-2 Net Swap Payment Due				0.00000		%		$	0.00
A-3 Net Swap Payment Due				2.22050		%		$	0.00
A-4 Net Swap Payment Due				2.80700		%		$	13,063.37
B Net Swap Payment Due				0.00000		%		$	0.00
Certificate Net Swap Payment Due				0.00000		%		$	0.00
A-1 Net Swap Payment Past Due								$	0.00
A-2 Net Swap Payment Past Due								$	0.00
A-3 Net Swap Payment Past Due								$	0.00
A-4 Net Swap Payment Past Due								$	0.00
B Net Swap Payment Past Due								$	0.00
Certificate Net Swap Payment Past Due								$	0.00
A-1 Interest on Swap Payment Past Due								$	0.00
A-2 Interest on Swap Payment Past Due								$	0.00
A-3 Interest on Swap Payment Past Due								$	0.00
A-4 Interest on Swap Payment Past Due								$	0.00
B Interest on Swap Payment Past Due								$	0.00
Cert Interest on Swap Payment Past Due								$	0.00
A-1 Total Net Swap Payment Due								$	0.00
A-2 Total Net Swap Payment Due								$	0.00
A-3 Total Net Swap Payment Due								$	0.00
A-4 Total Net Swap Payment Due								$	13,063.37
B Total Net Swap Payment Due								$	0.00
Certificate Total Net Swap Payment Due								$	0.00
A-1 Net Swap Receipt								$	0.00
A-2 Net Swap Receipt								$	0.00
A-3 Net Swap Receipt								$	48,020.69
A-4 Net Swap Receipt								$	0.00
B Net Swap Receipt								$	0.00
Certificate Net Swap Receipt								$	0.00
A-1 notes Principal Due								$	0.00
A-2 notes Principal Due								$	0.00
A-3 notes Principal Due								$	19,874,163.29
A-4 notes Principal Due								$	0.00
Class B notes Principal Due								$	667,607.55
Certificate Principal Due								$	0.00
Total notes Interest Due								$	807,489.73
Total notes Principal Due								$	20,541,770.84
Net Swap/Termination Payment Due								$	-34,957.32
Total notes Distributable Amount								$	21,314,303.25

3

CNH Equipment Trust 2002-B

$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003

$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005

$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006

$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008

$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010

$33,000,000 4.120% Asset Backed Certificates

Actual Payment Date	1/18/2005
Cash Available for Distribution
Total Collections + Reinvestment Income For The Period	$	22,049,016.82
Beginning Negitive Carry Account	$	0.00
Deposits from Negitive Carry Account to Distribution Account	$	0.00
Beginning Spread Account Balance	$	22,000,004.35
Additional Deposit to Spread Account from Pre-funding	$	0.00
Deposits from Spread Account to Distribution Account	$	0.00
Beginning Principal Supplement Account	$	0.00
Deposits from Principal Supplement Account to Distribution Account	$	0.00
Total Cash Available	$	22,049,016.82
			Available
			Cash
Cash Allocation (Cashflow Waterfall)
Is CNH the servicier	yes
Servicing Fee Paid (If CNH is not the servicer)	$	0.00
Servicing Fee Shortfall	$	0.00
			$	22,049,016.82
Administration Fee Paid	$	166.67
Administration Fee Shortfall	$	0.00
			$	22,048,850.15
Net Swap Payment Paid	$	13,063.37
Net Swap Payment Shortfall	$	0.00
Remaining Cash Available to Pay Note Interest & Swap Termination Payment			$	22,035,786.78
Cash Available to Pay Note Interest	$	22,035,786.78
Cash Available to Pay Termination Payment	$	0.00
Class A-1 notes Interest Paid	$	0.00
Class A-2 notes Interest Paid	$	0.00
Class A-3 notes Interest Paid	$	283,041.66
Class A-4 notes Interest Paid	$	485,931.42
			$	21,266,813.70
Class A-1 notes Interest Shortfall	$	0.00
Class A-2 notes Interest Shortfall	$	0.00
Class A-3 notes Interest Shortfall	$	0.00
Class A-4 notes Interest Shortfall	$	0.00
Swap Termination Payment Paid	$	0.00
Swap Termination Payment Shortfall	$	0.00
			$	21,266,813.70
Class B notes Interest Paid	$	38,516.64
Class B notes Interest Shortfall	$	0.00
			$	21,228,297.05
Class A-1 notes Principal Paid	$	0.00
Class A-2 notes Principal Paid	$	0.00
Class A-3 notes Principal Paid	$	19,874,163.29
Class A-4 notes Principal Paid	$	0.00
Class B notes Principal Paid	$	667,607.55
			$	686,526.21
Deposits to Spread Account	$	0.00
			$	686,526.21
Certificate Interest Paid	$	113,300.00
Certificate Interest Shortfall	$	0.00
			$	573,226.21
Certificate Principal Paid	$	0.00
			$	573,226.21
Total Principal Balance of Notes and Certificates (End of Period)	$	324,640,993.48
A-1 notes Ending Principal balance	$	0.00
A-2 notes Ending Principal balance	$	0.00
A-3 notes Ending Principal balance	$	94,840,161.19
A-4 notes Ending Principal balance	$	186,250,000.00
B notes Ending Principal balance	$	10,550,832.29
Certificate Ending Principal balance	$	33,000,000.00
Servicing Fee Paid (If CNH is the servicer)	$	287,652.30
Servicing Fee Shortfall	$	0.00
Release to Seller as Excess	$	285,573.91	$	285,573.91

4

CNH Equipment Trust 2002-B

$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003

$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005

$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006

$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008

$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010

$33,000,000 4.120% Asset Backed Certificates

Actual Payment Date								1/18/2005
								Amount			Factor		Per/$1000
Summary and Factors
Total Principal Balance of Notes and Certificates (Beginning of Period)								$	345,182,764.32		0.3138025		$	313.80
A-1 notes Beginning Principal balance								$	(0.00	)	(0.0000000	)	$	(0.00	)
A-2 notes Beginning Principal balance								$	0.00		0.0000000		$	0.00
A-3 notes Beginning Principal balance								$	114,714,324.48		0.3761125		$	376.11
A-4 notes Beginning Principal balance								$	186,250,000.00		1.0000000		$	1,000.00
B notes Beginning Principal balance								$	11,218,439.84		0.3138025		$	313.80
Certificate Beginning Principal balance								$	33,000,000.00		1.0000000		$	1,000.00
Total Principal Balance of Notes and Certificates (End of Period)								$	324,640,993.48		0.2951282		$	295.13
A-1 notes Ending Principal balance			$	270,000,000.00				$	(0.00	)	(0.0000000	)	$	(0.00	)
A-2 notes Ending Principal balance			$	270,000,000.00				$	0.00		0.0000000		$	0.00
A-3 notes Ending Principal balance			$	305,000,000.00				$	94,840,161.19		0.3109513		$	310.95
A-4 notes Ending Principal balance			$	186,250,000.00		93.75	%	$	186,250,000.00		1.0000000		$	1,000.00
B notes Ending Principal balance			$	35,750,000.00		3.25	%	$	10,550,832.29		0.2951282		$	295.13
Certificate Ending Principal balance			$	33,000,000.00		3.00	%	$	33,000,000.00		1.0000000		$	1,000.00
Class A-1 notes Interest Paid								$	0.00		0.0000000		$	0.00
Class A-2 notes Interest Paid								$	0.00		0.0000000		$	0.00
Class A-3 notes Interest Paid								$	283,041.66		0.0009280		$	0.93
Class A-4 notes Interest Paid								$	485,931.42		0.0026090		$	2.61
Class B notes Interest Paid								$	38,516.64		0.0010774		$	1.08
Certificate Interest Paid								$	113,300.00		0.0034333		$	3.43
Class A-1 notes Interest Shortfall								$	0.00		0.0000000		$	0.00
Class A21 notes Interest Shortfall								$	0.00		0.0000000		$	0.00
Class A-3 notes Interest Shortfall								$	0.00		0.0000000		$	0.00
Class A-4 notes Interest Shortfall								$	0.00		0.0000000		$	0.00
Class B notes Interest Shortfall								$	0.00		0.0000000		$	0.00
Certificate Interest Shortfall								$	0.00		0.0000000		$	0.00
Class A-1 notes Principal Paid								$	0.00		0.0000000		$	0.00
Class A-2 notes Principal Paid								$	0.00		0.0000000		$	0.00
Class A-3 notes Principal Paid								$	19,874,163.29		0.0651612		$	65.16
Class A-4 notes Principal Paid								$	0.00		0.0000000		$	0.00
Class B notes Principal Paid								$	667,607.55		0.0186743		$	18.67
Certificate Principal Paid								$	0.00		0.0000000		$	0.00
Negitive Carry Account
Negitive Carry	1.25000	%	11/19/2002					1.5380		%
Negitive Carry Days Remaining			5/15/2003					0
Required Negitive Carry Account								$	0.00
Beginning Negitive Carry Account								$	0.00
Negitive Carry Account Withdrawls to Distribution Account								$	0.00
Negitive Carry Released to Seller								$	0.00
Ending Negitive Carry Account Balance								$	0.00
Spread Account
Required Spread Account Deposit (Add Loans)			2.00		%			$	0.00
Required Spread Account Target			2.50		%			$	8,116,024.84
Required Spread Account Floor			2.00		%			$	22,000,004.35
Required Spread Account								$	22,000,004.35
Beginning Spread Account Balance								$	22,000,004.35
Additional Deposit to Spread Account from Pre-funding								$	0.00
Spread Account Withdrawls to Distribution Account								$	0.00
Spread Account Deposits from Excess Cash								$	0.00
Spread Account Released to Seller								$	0.00
Ending Spread Account Balance								$	22,000,004.35
Principal Supplement Account
Required Principal Supplement Account Balance								$	0.00
Beginning Principal Supplement Account Balance								$	0.00
Additional Deposit to Principal Supplement Account from Pre-funding								$	0.00
Principal Supplement Account Withdrawls to Distribution Account								$	0.00
Principal Supplement Account Released to Seller								$	0.00
Ending Principal Supplement Account								$	0.00
Pre-funding Account
Beginning Pre-funding Account Balance								$	0.00
New Contract Value Purchased								$	0.00
Deposits to Spread Account								$	0.00
Deposits to Principal Supplement Account								$	0.00
Ending Pre-funding Account Balance								$	0.00
Release to seller								$	0.00
Total Release to Seller								$	573,392.88

5