Exhibit 99(a)
                                                              Form 10-K for 2000
                                                              File No. 333-74847

                                                    INDEPENDENT AUDITORS' REPORT

Board of Directors
The CIT Group, Inc.

We have examined management's assertion that Capita Corporation (the "Company")
maintained effective controls over servicing leases and loans subject to the
Pooling and Servicing Agreement dated as of April 1, 2000 for the CIT Equipment
Collateral 2000-1 (the "Servicing Agreement") for the period from April 1, 2000
through December 31, 2000. This assertion is included in the accompanying report
by management titled "Capita Corporation Management Assertion". Management is
responsible for its controls over its lease and loan servicing. Our
responsibility is to express an opinion on management's assertion based on our
examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
obtaining an understanding of the controls over Capita Corporation's lease and
loan servicing, testing and evaluating the design and operating effectiveness of
those controls, and such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable basis for
our opinion.

Because of inherent limitations in any control, errors or fraud may occur and
not be detected. Also, projections of any evaluation of the controls over the
lease and loan servicing to future periods are subject to the risk that the
controls may become inadequate because of changes in conditions, or that the
degree of compliance with the controls may deteriorate.

In our opinion, management's assertion that Capita Corporation maintained
effective controls over lease and loan servicing as required under the Servicing
Agreement for the period from April 1, 2000 through December 31, 2000, is fairly
stated in all material respects, based upon the stated criteria set forth in
Exhibit I "Capita Corporation Stated Lease/Loan Servicing Control Criteria" of
management's report.

S/KPMG LLP

Short Hills, New Jersey
April 13, 2001