EXHIBIT 99.1

                          ANNUAL SERVICER'S CERTIFICATE

To:        The Chase Manhattan Bank, as Indenture Trustee

           The undersigned, duly authorized representatives of BMW Financial
Services NA, LLC ("BMW FS"), as Servicer, pursuant to the Trust Sale and
Servicing Agreement dated as of November 1, 2000 (as amended and supplemented,
or otherwise modified and in effect from time to time, the "Agreement"), by and
among BMW Auto Leasing LLC as Transferor, BMW FS, as Servicer, and FINANCIAL
SERVICES VEHICLE TRUST, as the Trust, do hereby certify that: 1. BMW FS is, as
of the date hereof, the Servicer under the Agreement.

           2. The undersigned is a Servicing Officer and is duly authorized
pursuant to the Agreement to execute and deliver this Certificate to the Rating
Agencies, the Owner Trustee, any Agent and any Enhancement Providers.

           3. A review of the activities of the Servicer during the calendar
year ended December 31, 2001, and of its performance under the Agreement was
conducted under my supervision.

           4. Based on such review, the Servicer has, to the best of my
knowledge, performed in all material respects all of its obligations under the
Agreement throughout such year and no default in the performance of such
obligations has occurred or is continuing except as set forth in paragraph 5
below.

           5. The following is a description of each default in the performance
of the Servicer's obligations under the provisions of the Agreement known to me
to have been made by the Servicer during the year ended December 31, 2001, which
sets forth in detail the (a) nature of each such default, (b) the action taken
by the Servicer, if any, to remedy each such default and (c) the current status
of each such default: NONE

           Capitalized terms used but not defined herein are used as defined in
the Agreement.

           IN WITNESS WHEREOF, the undersigned has duly executed this
certificate this 25th day of April 2002.

                                                  By:   /s/ John Christman
                                                     ---------------------------
                                                     John Christman
                                                     CEO