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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)
April 20, 1999
Date of Report (Date of earliest event reported)
<TABLE>
<S> <C> <C>
Delaware 000-23923 13-3770955
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
</TABLE>
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 April 20, 1999, 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 March 1999 collection period (the "March 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
March Statement is being filed as Exhibit 20 to this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
<TABLE>
<CAPTION>
Exhibit No. Description
----------- -----------
<S> <C>
20 Statement for Class A and Class B
Certificateholders for the
March 1999 Collection Period
</TABLE>
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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: April 23, 1999 By: /s/ David A. Klanica
---------------------------------------------
Name: David A. Klanica
Title: Director of Accounting Services
-3-
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
20 Statement for Class A and Class B Certificateholders for the March 1999
Collection Period
</TABLE>
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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: MARCH 1999
DISTRIBUTION DATE: 4/20/99
STATEMENT FOR CLASS A AND CLASS B CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT
<TABLE>
<CAPTION>
Per $1,000 of Original
Class A/Class B
Certificate Amount
-----------------------
<S> <C> <C>
(i) Principal Distribution
Class A Amount $ 18,480,898.40 $ 28.128391
Class B Amount $ 870,827.70 $ 28.128391
(ii) Interest Distribution
Class A Amount $ 1,507,168.20 $ 2.293948
Class B Amount $ 71,018.40 $ 2.293948
(iii) Monthly Servicing Fee $ 260,857.29 $ 0.379165
Monthly Supplemental Servicing Fee $ 0.00 $ 0.000000
Class A Percentage of the Servicing Fee $ 249,118.71 $ 0.379165
Class A Percentage of the Supplemental Servicing Fee $ 0.00 $ 0.000000
Class B Percentage of the Servicing Fee $ 11,738.58 $ 0.379165
Class B Percentage of the Supplemental Servicing Fee $ 0.00
(iv) Class A Principal Balance (end of Collection Period) $280,461,555.29
Class A Pool Factor (end of Collection Period) 42.686952%
Class B Principal Balance (end of Collection Period) $ 13,215,466.37
Class B Pool Factor (end of Collection Period) 42.686952%
(v) Pool Balance (end of Collection Period) $293,677,021.66
(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 $ 0.00 $ 0.000000
Either the Class A or Class B Certificateholders
(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 $ 0.00
the Seller or the Servicer
</TABLE>
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