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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
DAIMLER-BENZ AUTO GRANTOR TRUST 1997-A
(Exact name of registrant as specified in its charter)
October 20, 1998
Date of Report (Date of earliest event reported)
Delaware 000-23923 13-3770955
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
1201 North Market Street, Suite 1406, Wilmington, Delaware 19801
(Address of principal executive offices) (Zip Code)
(302) 426-1900
(Registrant's telephone number, including area code)
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Item 5. Other Events
On October 20, 1998, the Principal and Interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
Pooling and Servicing Agreement dated as of October 1, 1997 (the "Agreement"),
among Mercedes-Benz Credit Corporation, in its individual capacity and as
Servicer, Daimler-Benz Vehicle Receivables Corporation, as Seller, and Citibank,
N.A., as Trustee, Payahead Agent, Class A Agent and Class B Agent (the
"Trustee"), was distributed to holders ("Certificateholders") of certificates
representing undivided fractional interests in Daimler-Benz Auto Grantor Trust
1997-A. In accordance with the Agreement, the statements for Class A and Class B
Certificateholders for the September 1998 collection period (the "September
Statement") was furnished to the Trustee for the benefit of the
Certificateholders and, as such, was distributed by the Trustee to the
Certificateholders. A copy of the September Statement is being filed as Exhibit
20 to this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
----------- -----------
20 Statement for Class A and Class B
Certificateholders for the
September 1998 Collection Period
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Daimler-Benz Auto Grantor Trust 1997-A
(Registrant)
By: Mercedes-Benz Credit Corporation, as Servicer
Date: October 23, 1998 By: /s/ David A. Klanica
----------------------------------
Name: David A. Klanica
Title: Director of Accounting Services
-3-
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INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
20 Statement for Class A and Class B Certificateholders for the
September 1998 Collection Period
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DAIMLER-BENZ AUTO GRANTOR TRUST 1997-A
MONTHLY SERVICING REPORT
SERVICER: MERCEDES-BENZ CREDIT CORPORATION
TRUSTEE: CITIBANK, N.A.
COLLECTION PERIOD: SEPTEMBER 1998
DISTRIBUTION DATE: 10/20/98
<TABLE>
<CAPTION>
STATEMENT FOR CLASS A AND CLASS B CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT Per $1,000 of Original
Class A/Class B
Certificate Amount
<S> <C> <C>
(i) Principal Distribution
Class A Amount $ 19,898,525.53 $ 30.286055
Class B Amount $ 937,626.89 $ 30.286055
(ii) Interest Distribution
Class A Amount $ 2,056,628.82 $ 3.130241
Class B Amount $ 96,909.21 $ 3.130241
(iii) Monthly Servicing Fee $ 355,956.70 $ 0.517395
Monthly Supplemental Servicing Fee $ 0.00 $ 0.000000
Class A Percentage of the Servicing Fee $ 339,938.65 $ 0.517395
Class A Percentage of the Supplemental Servicing Fee $ 0.00 $ 0.000000
Class B Percentage of the Servicing Fee $ 16,018.05 $ 0.517395
Class B Percentage of the Supplemental Servicing Fee $ 0.00
(iv) Class A Principal Balance (end of Collection Period) $388,027,852.14
Class A Pool Factor (end of Collection Period) 59.058812%
Class B Principal Balance (end of Collection Period) $ 18,284,035.49
Class B Pool Factor (end of Collection Period) 59.058812%
(v) Pool Balance (end of Collection Period) $406,311,887.63
(vi) Class A Interest Carryover Shortfall $ 0.00
Class A Principal Carryover Shortfall $ 0.00
Class B Interest Carryover Shortfall $ 0.00
Class B Principal Carryover Shortfall $ 0.00
(vii) Amount Otherwise Distributable to the Seller that is Distributed
to Either the Class A or Class B Certificateholders $ 0.00 $ 0.000000
(viii) Balance of the Reserve Fund Property (end of Collection Period)
Class A Amount $ 6,879,784.34
Class B Amount $ 0.00
(ix) Aggregate Purchase Amount of Receivables repurchased by the
Seller or the Servicer $ 0.00
</TABLE>
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