MONTHLY NOTEHOLDERS STATEMENT
M&I AUTO LOAN TRUST 2002-1
Class A1 1.77% Asset Backed Notes
Class A2 1.95% Asset Backed Notes
Class A3 2.49% Asset Backed Notes
Class A4 3.04% Asset Backed Notes
Class B 3.52% Asset Backed Notes
DISTRIBUTION DATE: November 20, 2002
MONTHLY PERIOD: October, 2002
Under the Sales and Servicing Agreement dated as of October 10, 2002 among
Marshall & Ilsley Bank as servicer and Marshall & Ilsley Auto Receivables LLC,
as seller, Marshall & Ilsley Auto Trust 2002-1 as issuer and the Bank One,
National Association as indenture trustee, the Servicer is required to prepare
certain information each month regarding current distributions to Noteholders
and the performance of the Trust during the previous month. The information that
is required to be prepared with respect to the Distribution Date and Monthly
Period listed above is set forth below. Certain of the information is presented
on the basis of an original principal amount of $1,000 per Note, and certain
other information is presented upon the aggregate amounts for the Trust as a
whole.
A. Information Regarding the Current Monthly Distribution
1. Notes
(A) The aggregate amount of the distribution
with respect to:
Class A-1 Notes 16,347,863.86
Class A-2 Notes 264,333.33
Class A-3 Notes 525,666.67
Class A-4 Notes 230,322.22
Class B Notes 46,200.00
(B) The amount of the distribution set forth in paragraph A.1 (A)
above in respect of interest on:
Class A-1 Notes 268,105.83
Class A-2 Notes 264,333.33
Class A-3 Notes 525,666.67
Class A-4 Notes 230,322.22
Class B Notes 46,200.00
(C) The amount of the distribution set forth in paragraph A.1 (A)
above in respect of principal on:
Class A-1 Notes 16,079,758.03
Class A-2 Notes 0.00
Class A-3 Notes -
Class A-4 Notes -
Class B Notes -
MONTHLY NOTEHOLDERS STATEMENT
M&I AUTO LOAN TRUST 2002-1
Class A1 1.77% Asset Backed Notes
Class A2 1.95% Asset Backed Notes
Class A3 2.49% Asset Backed Notes
Class A4 3.04% Asset Backed Notes
Class B 3.52% Asset Backed Notes
DISTRIBUTION DATE: November 20, 2002
MONTHLY PERIOD: October, 2002
(D) The amount of the distribution set forth
in paragraph A.1 (A) above per $1,000
interest in:
Class A-1 Notes 122.91626962
Class A-2 Notes 2.16666664
Class A-3 Notes 2.76666668
Class A-4 Notes 3.37777775
Class B Notes 3.91111111
(E) The amount of the distribution set forth
in paragraph A.1 (B) above per $1,000
interest in:
Class A-1 Notes 2.01583331
Class A-2 Notes 2.16666664
Class A-3 Notes 2.76666668
Class A-4 Notes 3.37777775
Class B Notes 3.91111111
(F) The amount of the distribution set forth
in paragraph A.1 (C) above per $1,000
interest in:
Class A-1 Notes 120.90043632
Class A-2 Notes 0.00000000
Class A-3 Notes -
Class A-4 Notes -
Class B Notes -
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
1. Pool Balance and Note Principal Balance
(A) The Pool Balance at the close of business
on the last day of the Monthly Period: 417,530,429.67
MONTHLY NOTEHOLDERS STATEMENT
M&I AUTO LOAN TRUST 2002-1
Class A1 1.77% Asset Backed Notes
Class A2 1.95% Asset Backed Notes
Class A3 2.49% Asset Backed Notes
Class A4 3.04% Asset Backed Notes
Class B 3.52% Asset Backed Notes
DISTRIBUTION DATE: November 20, 2002
MONTHLY PERIOD: October, 2002
(B) The aggregate outstanding principal
amount of each Class of Notes after
giving effect to payments allocated to
principal as set forth in paragraph
A.1 (C) above with respect to:
Class A-1 Notes 116,920,241.97
Class A-2 Notes 122,000,000.00
Class A-3 Notes 190,000,000.00
Class A-4 Notes 68,187,500.00
Class B Notes 11,812,500.00
(C) The Note Pool Factor for each Class of
Notes after giving affect to the payments
set forth in paragraph A.1 (C) above with
respect to:
Class A-1 Notes 0.87909956
Class A-2 Notes 1.00000000
Class A-3 Notes 1.00000000
Class A-4 Notes 1.00000000
Class B Notes 1.00000000
(D) The amount of aggregate Realized Losses
for the preceding Monthly Period:
(207.06)
(E) The aggregate Purchase Amount for all
Receivables that were repurchased in the
Monthly Period:
-
2. Servicing Fee
The aggregate amount of the Servicing Fee
paid to the Servicer with respect to the
preceding Monthly Period
180,321.03
3. Payment Shortfalls
(A) The amount of the Noteholders' Interest
Carryover Shortfall after giving effect to the
payments set forth in paragraph A.1 (B)
above with respect to:
Class A-1 Notes -
Class A-2 Notes -
Class A-3 Notes -
Class A-4 Notes -
Class B Notes -
MONTHLY NOTEHOLDERS STATEMENT
M&I AUTO LOAN TRUST 2002-1
Class A1 1.77% Asset Backed Notes
Class A2 1.95% Asset Backed Notes
Class A3 2.49% Asset Backed Notes
Class A4 3.04% Asset Backed Notes
Class B 3.52% Asset Backed Notes
DISTRIBUTION DATE: November 20, 2002
MONTHLY PERIOD: October, 2002
(B) The amount of the Noteholders' Interest
Carryover Shortfall set forth in
paragraph 3(A) above per $1,000 interest
with respect to:
Class A-1 Notes -
Class A-2 Notes -
Class A-3 Notes -
Class A-4 Notes -
Class B Notes -
4
(A) The aggregate amount of collections by
the Servicer during the preceding Monthly
Period:
17,556,046.53
(B) The aggregate amount which was received
by the Trust from the Servicer during the
Monthly Period:
17,375,725.50
(C) The number of Receivables that are delinquent for:
30-59 days 49
60-89 days -
90 or more days -
Repossessed Autos in Inventory -
M&I Auto Loan Trust 2002-1 Page 1
Monthly Servicing Report
Distribution Date November 20, 2002 Closing Date: October 10, 2002
Collection Period Begin Date: October 5, 2002 Previous Distribution Date: N/A
Collection Period End Date: October 31, 2002 Previous Collection Period End Date: N/A
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A. Initial Bond Characteristics Cutoff Balance Coupon Accrual Legal Final CUSIP
Calendar Maturity
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I. Class A-1 Notes $133,000,000.00 1.770% Actual/360 October 20, 2003 55255PAF7
ii Class A-2 Notes $122,000,000.00 1.950% 30/360 July 20, 2005 55255PAG5
iii Class A-3 Notes $190,000,000.00 2.490% 30/360 October 22, 2007 55255PAH3
iv Class A-4 Notes $68,187,500.00 3.040% 30/360 October 20, 2008 55255PAJ9
v Class B Notes $11,812,500.00 3.520% 30/360 September 21, 2009 55255PAK6
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B. Bond Balances Balance as of % of Original Balance Unpaid Interest Unpaid Interest
10/5/2002 11/20/2002 10/5/2002 11/20/2002 N/A 11/20/2002
- --------------------------------------------------------------------------------------------------------------------
I. Class A-1 Notes $133,000,000.00 $116,920,241.97 100.00% 87.91% - -
ii Class A-2 Notes $122,000,000.00 $122,000,000.00 100.00% 100.00% - -
iii Class A-3 Notes $190,000,000.00 $190,000,000.00 100.00% 100.00% - -
iv Class A-4 Notes $68,187,500.00 $68,187,500.00 100.00% 100.00% - -
v Class B Notes $11,812,500.00 $11,812,500.00 100.00% 100.00% - -
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M&I Auto Loan Trust 2002-1 Page 2
Monthly Servicing Report
Distribution Date November 20, 2002 Closing Date: October 10, 2002
Collection Date Begin Date: October 5, 2002 Previous Distribution Date: N/A
Collection Period End Date: October 31, 2002 Previous Collection Period End Date: N/A
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C. Reserve Account
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I. Initial Reserve Deposit $2,431,305.00
ii Beginning of Period Reserve Balance $2,431,305.00
iii Specified Reserve Account Percent 0.50% of Current Pool Balance
iv Specified Reserve Account Floor $0.00
v Specified Reserve Account Balance $2,431,305.00
vi Reserve Account Release 0.00
vii Reserve Account Draws $0.00
viii Reserve Account Deposits $0.00
ix End of Period Reserve Balance $2,431,305.00
x Outstanding Simple Interest Advances $30,316.77
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D. Pre-Funding Account
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I Pre-Funding Amount % 17.57%
ii Pre-Funding Transfer Amount $0.00
iii Pre-Funding Account Balance $92,229,516.32
iv Investment Earnings and Income on funds in deposit $38,660.58
in the Pre-Funding Account during the collection period
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E. Servicing
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I Servicing Fee Percentage 0.50%
ii Beginning of Period Servicing Shortfall 0.00
iii End of Period Servicing Shortfall 0.00
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M&I Auto Loan Trust 2002-1 Page 3
Monthly Servicing Report
Distribution Date November 20, 2002 Closing Date: October 10, 2002
Collection Period Begin Date: October 5, 2002 Previous Distribution Date: N/A
Collection October 31, 2002 Previous Collection Period End Date: N/A
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F. Portfolio Characteristics Initial Balance Balance as of % of Original as of
10/4/2002 10/4/2002 10/31/2002 10/4/2002 10/31/2002
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I Principal Balance $432,770,483.68 $432,770,483.68 $417,530,429.67 100.00% 96.48%
ii Number of Contracts 32,439 32,439 31,837 100.00% 98.14%
iii Weighted Average Coupon (WAC) 7.32% 7.32% 7.32%
iv Weighted Average Original Term 59.64 59.64 59.64
v Weighted Average Remaining Term 50.24 50.24 49.47
vi Weighted Average Seasoning 9.40 9.40 10.17
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M&I Auto Loan Trust 2002-1 Page 4
Monthly Servicing Report
Distribution Date November 20, 2002 Closing Date: August 30, 2001
Collection Period Begin Date: October 5, 2002 Previous Distribution Date: N/A
Collection Period End Date: October 31, 2002 Previous Collection Period End Date: N/A
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G.1 Portfolio Performance # of Contracts % of # of Contracts Principal Balance
10/4/2002 10/31/2002 10/4/2002 10/31/2002 10/4/2002 10/31/2002
- ---------------------------------------------------------------------------------------------------------------------------
I 30-59 Days Delinquent 0 49 0.00% 0.15% 0.00 538,326.55
ii 60-89 Days Delinquent 0 0 0.00% 0.00% 0.00 0.00
iii 90-119 Days Delinquent 0 0 0.00% 0.00% 0.00 0.00
iv 120+ Days Delinquent 0 0 0.00% 0.00% 0.00 0.00
v Repo in Inventory (Charged-Off) 0 0 0.00% 0.00% 0.00 0.00
vi Repo in Inventory (Not Charged-Off) 0 0 0.00% 0.00% 0.00 0.00
vii Gross Charge-Offs in Period 0 0 0.00% 0.00% 0.00 0.00
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G.1 Portfolio Performance % of Principal Balance
10/4/2002 10/31/2002
- --------------------------------------------------------------------------------
I 30-59 Days Delinquent 0.00% 0.13%
ii 60-89 Days Delinquent 0.00% 0.00
iii 90-119 Days Delinquent 0.00% 0.00
iv 120+ Days Delinquent 0.00% 0.00
v Repo in Inventory (Charged-Off) 0.00% 0.00
vi Repo in Inventory (Not Charged-Off) 0.00% 0.00
vii Gross Charge-Offs in Period 0.00% 0.00
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G.2 Ratios Ratio
N/A 10/4/2002 10/31/2002 3 Month Average
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I Net Loss Ratio 0.00% 0.00% 0.00% 0.00%
ii Delinquency Ratio 0.00% 0.00% 0.00% 0.00%
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H. Portfolio Charge-Offs Dollar Amount % of Original Balance
10/4/2002 10/31/2002 10/4/2002 10/31/2002
- --------------------------------------------------------------------------------------------------------------
I Gross Charge-Offs in Period $0.00 $0.00 0.000% 0.000%
ii Cumulative Gross Charge-Offs $0.00 $0.00 0.000% 0.000%
iii Net Losses in Period $0.00 ($207.06) 0.000% 0.000%
iv Cumulative Net Losses $0.00 ($207.06) 0.000% 0.000%
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M&I Auto Loan Trust 2002-1 Page 5
Monthly Servicing Report
Distribution Date November 20, 2002 Closing Date: October 10, 2002
Collection Period Begin Date: October 5, 2002 Previous Distribution Date: N/A
Collection Period End Date: October 31, 2002 Previous Collection Period End Date: N/A
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I. Pool Collections
- --------------------------------------------------------------------------------
I. Borrower Interest Collections 2,285,468.69
ii Borrower Principal Collections 15,240,054.01
iii Net Liquidation Proceeds -
iv Recoveries 207.06
v. Simple Interest Advance 30,316.77
vi. Repurchase Amounts (Interest) -
vii. Repurchase Amounts (Principal) -
viii. Total Interest Collections 2,315,785.46
ix. Total Principal Collections $15,240,261.07
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J. Pool Balance Reconciliation
- --------------------------------------------------------------------------------
I. Beginning Pool Balance 432,770,483.68
ii Pool Balance Reductions from Principal Collections 15,240,054.01
iii Gross Charge-Offs in Period -
iv Ending Pool Balance 417,530,429.67
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K. Total Available
- --------------------------------------------------------------------------------
I. Total Pool Collections $17,556,046.53
ii Pre-Funding Account Income $38,660.58
Reserve Account Balance $2,431,305.00
Specified Reserve Account Amount $2,431,305.00
iii Reserve Account Release -
iv Reserve Account Draw 0.00
v Collected Funds $17,594,707.11
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M&I Auto Loan Trust 2002-1 Page 6
Monthly Servicing Report
Distribution Date: November 20, 2002 Closing Date: October 10, 2002
Collection Period Begin Date: October 5, 2002 Previous Distribution Date: N/A
Collection Period End Date: October 31, 2002 Previous Collection Period End Date: N/A
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L. Waterfall Calculation Steps Amount Due Amount Available Amount Paid
for Distribution
- ----------------------------------------------------------------------------------------------------------------------------------
I Reimbursement of Outstanding Simple Interest Advances $0.00 $0.00 17,594,707.11 -
Servicing Fee 180,321.03
Previous Servicing Fee Shortfall 0.00
===========
ii Total Servicing Fee $180,321.03 $180,321.03 17,594,707.11 180,321.03
iii Class A Notes Interest Distribution 1,288,428.05 17,414,386.08 1,288,428.05
iv Class B Notes Interest Distribution $0.00 46,200,000 16,125,958.03 46,200,000
v Reserve Fund Deposit $0.00 $0.00 16,079,758.03 -
a) Previous Class A-1 Notes $133,000,000.00 $0.00 - -
b) Previous Note Balance - Pool Balance $107,469,570.33 $0.00 - -
X.) MAX of a) and b) $133,000,000.00 $0.00 - -
vi Regular Principal Distribution $133,000,000.00 133,000,000.00 16,079,758.03 16,079,758.03
vii Release to Seller - - -
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M&I Auto Loan Trust 2002-1 Page 7
Monthly Servicing Report
Distribution Date: November 20, 2002 Closing Date: October 10, 2002
Collection Period Begin Date: October 5, 2002 Previous Distribution Date: N/A
Collection Period End Date: October 31, 2002 Previous Collection Period End Date: N/A
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M. Bond Interest Coupon Number of Days Current Interest Previous Interest Accrued Total Bond Total Bond Interest
Distributions in Pay Period Shortfall Interest on Interest Due Interest Paid Shortfall
Interest
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Total Class A Notes $1,288,428.05 0.00 0.00 1,288,428.05 1,288,428.05 0.00
Class A-1 Notes 1.770% 41 $268,105.83 0.00 0.00 268,105.83 268,105.83 0.00
Class A-2 Notes 1.950% 40 $264,333.33 0.00 0.00 264,333.33 264,333.33 0.00
Class A-3 Notes 2.490% 40 $525,666.67 0.00 0.00 525,666.67 525,666.67 0.00
Class A-4 Notes 3.040% 40 $230,322.22 0.00 0.00 230,322.22 230,322.22 0.00
Class B Notes 3.520% 40 $46,200.00 0.00 0.00 46,200.00 46,200.00 0.00
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M. Bond Principal Distributions
- --------------------------------------------------------
Regular Principal Distribution 16,079,758.03
=============
Total Principal Distribution 16,079,758.03
0
Class A-1 Notes Principal Distribution 16,079,758.03
Class A-2 Notes Principal Distribution 0.00
Class A-3 Notes Principal Distribution 0.00
Class A-4 Notes Principal Distribution 0.00
Class B Notes Principal Distribution 0.00
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