Exhibit 99.1


                        Report of Independent Accountants


To the Board of Directors and Shareholder
of CIT Group Inc.


We have examined management's assertion about The CIT Group/Equipment Financing
Inc.'s (the "Company's"), a wholly owned subsidiary of CIT Group Inc.,
compliance with the minimum servicing standards identified in the Mortgage
Bankers Association of America's Uniform Single Attestation Program for Mortgage
Bankers, to the extent the procedures in such are applicable to the servicing
obligations set forth in the Servicing Agreements, as of and for the year ended
December 31, 2001, as included in the accompanying management assertion (see
Exhibit I). Management is responsible for the Company's compliance with those
minimum servicing standards. Our responsibility is to express an opinion on
management's assertion about the Company's compliance based on our examination.

Our examination was made in accordance with attestation standards established by
the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with the minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the minimum servicing
standards.

In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards, to the extent the procedures in such
are applicable to the servicing obligations set forth in the Servicing
Agreements, as of and for the year ended December 31, 2001, except as noted in
Exhibit I, is fairly stated, in all material respects.



PricewaterhouseCoopers LLP
New York, New York
March 29, 2002