USAutos Series 2004-1 Trust
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The publicly offered Certificates representing investors' interest in the Trust are represented by one or more physical Certificates registered in the name of "Cede & Co.", the nominee of The Depository Trust Company. Those publicly offered Certificates are listed on the American Stock Exchange.
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(a)  The following documents have been filed as part of this report.                 1.   Trustee's Distribution Statements documented on Form 8-K                     regarding the Distributions from the Trust to the                     certificateholders for the period from January 1, 2005                     through and including December 31, 2005 have been filed with                     the Securities and Exchange Commission and are hereby                     incorporated by reference. Filing dates are listed below:                 --------------------- -------------------- ----------------------                Trust Description     Distribution Date    Filed On                --------------------- -------------------- ----------------------                USAutos 2004-1        3/3/2005             3/7/2005                Trust                                      9/3/2005             9/8/2005                --------------------- -------------------- ----------------------                 2.   None.                 3.   Exhibits:                      31.1 - Certification by President of the Registrant pursuant                     to 15 U.S.C. Section 7241, as adopted pursuant to Section                     302 of the Sarbanes-Oxley Act of 2002.                      31.2 - Annual Compliance Report by Trustee pursuant to 15                     U.S.C. Section 7241, as adopted pursuant to Section 302 of                     the Sarbanes-Oxley Act of 2002                      31.3   Report of Aston Bell & Associates.            (b)  See Item 15(a) above.            (c)  Not Applicable                                         5                                        SIGNATURE       Pursuant to the requirements 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.                                          Freedom Depository, LLC, as Depositor                                         for the Trust (the "Registrant")    Dated:   March 28, 2006                 By:      /s/ SEAN A. DOBSON                                            -----------------------------                                                  Name:  Sean A. Dobson                                                  Title:  President                                         6                                      EXHIBIT INDEX  - --------------------------------------------------------------------------------    Reference    Number per     Item 601                                                   Exhibit Number of Regulation SK           Description of Exhibits            in this Form 10-K - --------------------------------------------------------------------------------       31.1       Certification by President of the                  Registrant pursuant to 15 U.S.C.                  Section 7241, as adopted                  pursuant to Section 302 of the                  Sarbanes-Oxley Act of 2002.                        31.1 - --------------------------------------------------------------------------------       31.2       Annual Compliance Report by Trustee                31.2                  pursuant to 15 U.S.C. Section 7241, as                  adopted pursuant to Section 302 of the                  Sarbanes-Oxley Act of 2002 - --------------------------------------------------------------------------------       31.3       Report of Aston Bell and Associates                31.3 - --------------------------------------------------------------------------------      EX-31.1 2 c41659_ex31-1.txt                                                                       EXHIBIT 31.1                                    CERTIFICATION   I, Sean A. Dobson, certify that:        1.   I have reviewed this annual report on Form 10-K in respect of the           USAutos Series 2004-1 Trust (the "Trust");       2.   Based on my knowledge, the information in this annual report, taken as           a whole, does not contain any untrue statement of a material fact or           omit to state a material fact necessary to make the statements made,           in light of the circumstances under which such statements were made,           not misleading as of the last day of the period covered by this annual           report;       3.   Based on my knowledge, the distribution or servicing information           required to be provided to the Depositor by the Trustee under the           pooling and servicing or similar agreement, for inclusion in this           annual report is included in this report;       4.   I am responsible for reviewing the activities performed by the           Depositor and the Trustee under the pooling and servicing or similar           agreement and based upon my knowledge and the annual compliance review           required under that agreement, and except as disclosed in this annual           report, the Depositor and Trustee have each fulfilled its obligations           under that agreement; and   In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated party: U.S. Bank Trust National Association, as Trustee.    Date: March 28, 2006    /s/ Sean A. Dobson - ------------------------- Sean A. Dobson, President     EX-31.2 3 c41659_ex31-2.txt                                     EXHIBIT 31.2                              ANNUAL COMPLIANCE REPORT         I, Marlene Fahey, being an officer of U.S. Bank Trust National Association, the Trustee in respect of the USAutos Series 2004-1 Trust (the "Trust"), certify that:       1.   I have reviewed this annual report on Form 10-K in respect of the           Trust;       2.   Based on my knowledge, the information in this annual report, taken as           a whole, does not contain any untrue statement of a material fact or           omit to state a material fact necessary to make the statements made,           in light of the circumstances under which such statements were made,           not misleading as of the last day of the period covered by this annual           report;       3.   Based on my knowledge, the distribution information required to be           provided to the Depositor or the certificateholders by the Trustee           under the pooling and servicing or similar agreement for inclusion in           such distribution reports is included in such reports;       4.   I am responsible for reviewing the activities performed by the Trustee           under the pooling and servicing or similar agreement and based on my           knowledge, except as disclosed in such reports, the Trustee has           fulfilled its obligations under that agreement.  Date: March 28, 2006   /s/ Marlene J. Fahey - -------------------------------- Marlene J. Fahey, Vice President     EX-31.3 4 c41659_ex31-3.txt                                                                       Exhibit 31.3                           INDEPENDENT ACCOUNTANT'S REPORT             Freedom Depository, LLC., as Depositor           c/o Amherst Securities Group, L.P.           Greenwich Office Park: Building 2, Floor 1           Greenwich, CT 06831            U.S. Bank Trust National Association, as Trustee           Corporate Trust Department           100 Wall Street           New York, NY 10005            Re:  Freedom Certificates, USAutos Series 2004-1 Trust (the "Trust")                ---------------------------------------------------------------            Ladies and Gentlemen:            We  have  examined  assertions  of  Freedom   Depository,   LLC.  (the           "Depositor") and U.S. Bank Trust National Association,  (the "Trustee"           and, together with the Depositor, the "Management") that the Depositor           and the Trustee  have  complied,  in all material  respects,  with the           provisions  of the  Standard  Terms for Trust  Agreements  dated as of           October 1, 2004, as  supplemented by a series  supplement  dated as of           October 28, 2004 (together,  the "Trust  Agreement") in respect of the           Freedom  Certificates,  USAutos  Series  2004-1  Trust (the  "Trust"),           during the period  covered by the annual  report on Form 10-K filed by           the  Depositor on behalf of the Trust for the year ended  December 31,           2005 (the "Annual  Report").  Management is responsible for compliance           with the Trust Agreement.  Our responsibility is to express an opinion           on Management's assertions 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 Depositor's and the Trustee's  compliance with the Trust Agreement           and performing  such other  procedures as considered  necessary in the           circumstances.  We believe that our examination  provides a reasonable           basis for our opinion.            In our opinion,  the Depositor and the Trustee have  complied,  in all           material respects,  with the Trust Agreement during the period covered           by the Annual Report and Management's  assertions with respect to such           compliance are fairly stated, in all material  respects,  for the year           ended December 31, 2005.             /s/ Aston Bell, CPA            New York, New York           March 25, 2006     -----END PRIVACY-ENHANCED MESSAGE-----