Correction: Fitch Rates DaimlerChrysler Auto Trust 2004-C A & B Notes 'F1+/AAA/A'.

NEW YORK -- (This is an amended version of a press release issued yesterday and contains a revised rating for class A-4 in the ratings list.)

Fitch Ratings assigns the following ratings to DaimlerChrysler Auto Trust (DCAT) 2004-C asset-backed notes as follows:

-- $340,000,000 2.20% class A-1 asset-backed notes 'F1+';

-- $460,000,000 2.62% class A-2 asset-backed notes 'AAA';

-- $375,000,000 2.98% class A-3 asset-backed notes 'AAA';

-- $280,000,000 3.28% class A-4 asset-backed notes 'AAA';

-- $45,000,000 3.47% class B asset-backed notes 'A'.

The ratings on the class A notes are based on the high quality of the receivables originated and serviced by DaimlerChrysler Services North America LLC (DCS), the transaction's sound legal and cash flow structures, the 0.25% nondeclining reserve account, the 3.0% subordination of the class B notes, initial overcollateralization amount (OC) of 1.75%, the yield supplement OC amount (YSOA), and the availability of excess spread to increase OC to its target level of 5.0% of the current adjusted collateral balance. Fitch's ratings address the likelihood of noteholders receiving payments of interest and principal according to the terms of the underlying legal documents.

Initial credit enhancement for the class A notes is equal to 5.0% (3.0% subordination of the class B notes, 1.75% OC, and 0.25% nondeclining reserve account). The initial OC is expected to increase to 5.0% of the current adjusted pool balance (current pool balance minus YSOA) through the use of excess spread, building total enhancement to its target of 8.25%.

Interest on the notes is distributed monthly, commencing on Dec. 8, 2004. Principal on the classes A-1 to A-4 is paid sequentially, with no principal distributed to the class B notes until all the class A notes have been paid in full.

The receivables backing DCAT 2004-C consist of new (93.30%) and used (6.70%) automobile and light-duty truck installment sale contracts. Credit quality is one of the highest relative to previous DCAT transactions. The weighted average APR is 6.27% and is boosted to approximately 8.25% with the utilization of the YSOA, which compensates for receivables in the pool with low APRs.