Exhibit 99.1
                       Nissan Motor Acceptance Corporation
    Monthly Servicing Report -- Nissan Auto Receivables 1997-A Grantor Trust
                   January 1, 1998 through January 31, 1998


A.    ORIGINAL DEAL PARAMETER INPUTS
                                                     
(A)   Original Total Portfolio                             $     868,465,033.86
(B)   Class A Certificate Ownership Interest of the Trust                 87.00%
(C)   Original Class A Certificate Balance                 $     755,564,579.46
(D)   Class A Certificate Rate                                             6.15%
(E)   Original Class B Certificate Balance                 $     112,900,454.40
(F)   Class B Certificate Rate                                             6.15%
(G)   Servicing Fee Rate                                                   1.00%
(H)   Original Weighted Average Coupon (WAC)                              10.26%
(I)   Original Weighted Average Remaining Term (WAM)                40.81 months
(J)   Number of Contracts                                                79,532
(K)   Class A Subordination Spread Account ("SSA")
(i)   Subordination Initial Deposit Percentage                             1.00%
(ii)  Subordination Initial Deposit                        $       8,684,650.34
(iii) Specified SSA Balance Percent                                        1.50%
(iv)  Specified SSA Balance                                $      13,026,975.51
(v)   Floor Percent                                                        2.50%
(vi)  Floor Amount                                         $      21,711,625.85
(vii) Floor Trigger Amount                                 $     113,334,686.85
(L)   Yield Supplement Reserve Account Initial Deposit     $       1,898,666.90


B.    INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
(A)   Total Portfolio Outstanding                          $     772,737,030.86
(B)   Total Portfolio Pool Factor                                     0.8897733
(C)   Class A Certificate Balance                          $     672,281,216.85
(D)   Class A Certificate Factor                                      0.8897733
(E)   Class B Certificate Balance                          $     100,455,814.01
(F)   Class A Pool Factor                                             0.7741028
(G)   Subordination Spread Account Balance                 $      13,026,975.51
(H)   Yield Supplement Reserve Account Balance             $       1,585,037.98
(I)   Outstanding Interest Advance                         $         465,614.84
(J)   Cumulative Net Losses for All Prior Periods                  1,763,275.68
(K)   Weighted Average Coupon of Remaining Portfolio (WAC)                10.27%
(L)   Weighted Average Remaining Term of Remaining Portfolio       38.28 months
(M)   Number of Contracts                                                75,494

C.    INPUTS FROM THE MAINFRAME
(A)   Simple Interest Loans
(i)   Principal Payments Received                          $      29,562,583.00
(ii)  Interest Payments Received                           $       6,799,920.60
(iii) Repurchased Loan Principal                           $               0.00
(iv)  Repurchased Loan Interest                            $               0.00
(B)   Yield Supplement Release to Collection Account       $          85,650.06
(C)   Yield Supplement Release to Seller                   $          14,844.61
(D)   Reimbursement of Previous Interest Advance           $         465,614.84
(E)   Current Interest Advance Amount                      $         189,983.57
(F)   Weighted Average Coupon of Remaining Portfolio (WAC)                10.26%
(G)   Weighted Average Remaining Maturity of Remaining Portfolio   37.44 months
(H)   Remaining Number of Contracts                                      73,936



                                                                 
(I)   Delinquent Contracts             Contracts                Amount
(i)   31-60 Days Delinquent         2,284    3.09%      $24,266,540.02     3.28%
(ii)  61-90 Days Delinquent           416    0.56%       $4,605,925.49     0.62%
(iii) 91 Days or More Delinquent       70    0.09%          777,432.64     0.11%


                                                      


D.    INPUTS DERIVED FROM OTHER SOURCES
(A)   Collection Account Investment Income --
      Paid to Seller                                       $         167,547.74
(B)   Class A Subordination Spread Account Investment Income --
      Paid to Seller                                       $          57,644.66
(C)   Yield Supplement Reserve Account Investment Income --
      Paid to Seller                                       $           7,518.54
(D)   Aggregate Net Losses for Collection Period           $       1,722,858.91
(E)   Liquidated Contracts
(i)   Gross Principal Balance of Liquidated Receivables    $       2,824,678.67
(ii) Net Liquidation Proceeds & Recoveries Received
      During the Collection Period                         $       1,101,819.76
(F)   Number of Vehicles Repossessed During the Collection                  276



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                       Nissan Motor Acceptance Corporation
    Monthly Servicing Report -- Nissan Auto Receivables 1997-A Grantor Trust
                   January 1, 1998 through January 31, 1998

I.  COLLECTIONS
(A)   Principal Payments Received (C(A)i)                  $      29,562,583.00
(B)   Interest Payments Received (C(A)ii)                  $       6,799,920.60
(C)   Aggregate Net Liquidation Proceeds Received (D(E)ii) $       1,101,819.76
(D)   Principal on Repurchased Contracts (C(A)iii)         $               0.00
(E)   Interest on Repurchased Contracts (C(A)iv)           $               0.00
(F)   Yield Supplement Amount Payments (C(B))              $          85,650.06
(G)   Total Collections (A+B+C+D+E+F)                      $      37,549,973.42
(H)   Net Interest Advance Amount (C(E-D))                 ($        275,631.27)
(I)   Total Available Amount (G+H)                         $      37,274,342.15


II.  DISTRIBUTIONS
(A)   Principal Payments Received (C(A)i)                       $ 29,562,583.00
(B)   Principal on Repurchased Contracts (C(A)iii)              $          0.00
(C)   Gross Principal Balance of Liquidated Receivables (D(E)i) $  2,824,678.67
(D)   Total Principal Reduction (A+B+C)                         $ 32,387,261.67
(E)   Class A Distributable Amount

(i)   Class A Monthly Interest Payment (A(D)*B(C)/12)           $  3,445,441.24
(ii)  Monthly Principal to Class A (II(D)*A(B))                 $ 28,176,917.65
(iii) Total Distributable Amount (i+ii)                         $ 31,622,358.89

(F)   Class B Distributable Amount

(i)   Class B Monthly Interest Payment ((A(F)*B(E))/12)         $    514,836.05
(ii)  Monthly Principal to Class B (II(D)-(E)ii)                $  4,210,344.02
(iii) Excess Collections (I(I)-(II(E)iii+(F)i+ii+(G)i))         $    282,855.66
(iv)  Total Distributable Amount (i+ii+iii)                     $  5,008,035.73

(G)   Required Distributions

(i)   Servicing Fee (A(G)*B(A))                                 $    643,947.53
(ii)  Class A Amount (II(E)iii)                                 $ 31,622,358.89
(iii) Deposit to Class A Subordination Spread Account
      (If Positive (IV(G)-(A)))                                 $          0.00
(iv)  Class B Amount (IV(F)i)                                   $  5,008,035.73
(v)   Yield Supplement Account Release to Seller (V(C))         $     14,844.61
(vi)  Total Amount Distributed (i+ii+iii+iv+v)                  $ 37,289,186.76

(H)   Amount of Draw from Class A SSA (IV(B))                   $          0.00
(I)   Sum of Draw from SSA and Total Available Amount
      (I(I)+IV(B))                                              $ 37,274,342.15
(J)   Release from Yield Supplement Account to Seller (V(C))    $     14,844.61
(K)   Total Distributed Amount (I+J)                            $ 37,289,186.76
Class A Servicing Fee (II(G)i * A(B))                           $    560,234.35





III.  POOL BALANCES AND PORTFOLIO INFORMATION
                                                       
                                            Beg. of Period      End of Period
(A)   Balances and Principal Factors

(i)   Total Pool Balance                    $772,737,030.86   $  740,349,769.19
(ii)  Total Pool Factor                        0.8897733              0.8524808
(iii) Class A Certificate Balance           $672,281,216.85   $  644,104,299.20
(iv)  Class A Certificate Factor               0.8897733              0.8524808
(v)   Class B Certificate Balance           $100,455,814.01   $   96,245,469.99
(vi)  Class A Pool Factor                      0.7741028              0.7416583

(B)   Portfolio Information

(i)   Weighted Average Coupon (WAC)                10.27%                 10.26%
(ii)  Weighted Average Remaining Maturity (WAM)    38.28 months     37.44 months
(iii) Remaining Number of Contracts               75,494                 73,936

(C)   Outstanding Interest Advance          $ 465,614.84      $      189,983.57




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                       Nissan Motor Acceptance Corporation
    Monthly Servicing Report -- Nissan Auto Receivables 1997-A Grantor Trust
                   January 1, 1998 through January 31, 1998





IV.  RECONCILIATION OF CLASS A SUBORDINATION SPREAD ACCOUNT ("SSA")
                                                                         
(A)   Beginning Class A SSA Balance (B(G))                      $ 13,026,975.51
(B)   Draw for Class A Distributable Amount and Servicing Fee              0.00
      (If Positive ((II(E)iii+(G)i)-I(I)))
(C)   Amount Available for Deposit to the Class A SSA           $  5,008,035.73
      (If Positive (I(I)-II(E)iii-(G)i))
(D)   Class A SSA Balance Prior to Release (IV(A-B+C))          $ 18,035,011.24
(E)   Class A Subordination Spread Account Required Amount      $ 13,026,975.51
      (Was Triger Hit?)
(F)   Breakdown of Release to Class B Certificateholder
(i)   Class B Amount (Min(II(F)iv,IV(F)iii))                    $  5,008,035.73
(ii)  Release from Class A SSA (iii-i)                          $          0.00
(iii) Total Distribution to Class B Certificateholder           $  5,008,035.73
      (If Positive (D-E))
(G)   Ending Class A Subordinate Spread Account Balance         $ 13,026,975.51
      (D-(F)iii)

V.  RECONCILIATION OF YIELD SUPPLEMENT RESERVE ACCOUNT
(A)   Beginning Yield Supplement Reserve Account Balance (B(H)) $  1,585,037.98
(B)   Release to Collection Account (C(B))                      $     85,650.06
(C)   Release to Seller (C(C))                                  $     14,844.61
(D)   Ending Yield Supplement Reserve Account Balance (A-B-C)   $  1,484,543.31

VI.  NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
(A)   Aggregate Net Losses for Collection Period (VI(B)i-ii)    $  1,722,858.91
(B)   Liquidated Contracts

(i)   Gross Principal Balance of Liquidated Receivables (D(F)i) $  2,824,678.67
(ii)  Net Liquidation Proceeds Received During the Collection   $  1,101,819.76
      Period (D(F)ii)
(C)   Cumulative Net Losses for all Periods (VI(A)+B(J))        $  3,486,134.59
(D)   Delinquent and Repossessed Contracts




                                                Contracts          Amount
                                                              
(i)   31-60 Days Delinquent            2,284     3.09%     $24,266,540.02  3.28%
(ii)  61-90 Days Delinquent              416     0.56%     $ 4,605,925.49  0.62%
(iii) 91 Days or More Delinquent          70     0.09%     $   777,432.64  0.11%
(iv)  Vehicles Repossessed During        276     0.37%               #N/A   #N/A
      the Collection Period (D(F))




VII.  TESTS FOR INCREASE IN CLASS A  SUBORDINATION  SPREAD  ACCOUNT  BALANCE
                                                       
(A)   Ratio of Net Losses to the Pool Balance as of Each Collection Period.
(i)   Second Preceding Collection Period                                   0.40%
(ii)  Preceding Collection Period                                          2.21%
(iii) Current Collection Period                                            2.68%
(iv)  Three Month Average (Avg(i,ii,iii))                                  1.76%
(B)   Ratio of Number of Contracts Delinquent
      60 Days or More to the Outstanding Number
      of Receivables as of Each Collection Period
(i)   Second Preceeding Collection Period                                  0.30%
(ii)  Preceeding Collection Period                                         0.49%
(iii) Current Collection Period                                            0.64%
(iv)  Three Month Average (Avg(i,ii,iii))                                  0.48%
(C)   Loss and Delinquency Trigger Indicator                 Trigger Was Not Hit
(i)   Number of Months Three Month
      Loss Average is Below Trigger                                        0
(ii)  Number of Months Three Month Delinquency
      Average is Below Trigger                                             0




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