Item 2. Properties Not applicable on reliance of Relief Letters
Item 3.
Item 3. Legal Proceedings There were no legal proceedings.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders There were no matters submitted to a vote of the Security Holders.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder matters The following were Noteholders and Certificateholders of record as of the end of the reporting year. National Auto Finance 1998-1 Trust Series 1998-1 Class A Cede & Co. Series 1998-1 Class B Cede & Co.
There is no established public trading market for the notes.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures: Information required by Item 304 of Reg. S-K.
There were no changes in and/or disagreements with Accountants on Accounting and Financial Disclosures.
PART IV
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management The Notes are represented by one or more notes registered in the name of of Cede & Co., the nominee of The Depository Trust Company. An investor holding Notes is not entitled to receive a certificate representing such Note, except in limited circumstances. Accordingly, Cede & Co. is the sole holder of Notes, which it holds on behalf of brokers, dealers, banks and other participants in the DTC system. Such participants may hold Notes for their own accounts or for the accounts of their customers. The address of Cede & Co. is: Cede & Co. c/o The Depository Trust Company Seven Hanover Square New York, New York 10004
Item 13.
Item 13. Certain Relationships and Related Transactions. There has not been, and there is not currently proposed, any transactions or series or transactions, to which any of the Trust, the Registrant, the Trustee or the Servicer is a party with any Noteholder who, to the knowledge of the Registrant and Servicer, owns of record or beneficially more than five percent of the Notes.
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
(a) 1. Not Applicable 2. Not Applicable 3. Exhibits 99.1 Annual Summary Statement 99.2 Annual Statement as to Compliance. 99.3 Annual Independent Public Accountant's Servicing Report.
(b) Reports on Form 8-K The Registrant has filed Current Reports on Form 8-K with the Securities and Exchange Commision dated January 21, 1998; February 23, 1998; March 23, 1998; April 21, 1998; May 21, 1998; June 22, 1998; July 21, 1998; August 21, 1998, September 21, 1998 October 21, 1998; November 23, 1998 and December 21, 1998
(c) See (a) 3 above
(d) Not Applicable
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
National Auto Finance 1998-1 Trust
/s/ Kevin Adams, VP/CFO Kevin Adams VP/CFO First Trust National Association
Date July 15, 1999
EXHIBIT INDEX
Exhibit Number Description 99.1 Annual Summary Statement 99.2 Annual Statement of Compliance 99.3 Report of Independent Accountants
Current Reports on Form 8-K filed during the year ending December 31, 1998
Date Items Reported January 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
February 23, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
March 23, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
April 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
May 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
June 22, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
July 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
August 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
September 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
October 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
November 23, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
December 21, 1998 Monthly Report sent to certificate holders with the January 1998 distribution
EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance
EXHIBIT 99.3 -- Report of Independent Auditors To be supplied upon receipt by the Trustee