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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):August 17, 1998
GREEN TREE FLOORPLAN RECEIVABLES MASTER TRUST 1995-1
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(Exact name of registrant as specified in its charter)
MINNESOTA 33-62433 APPLIED FOR
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(State or other jurisdiction (Commission (IRS employer
of incorporation) file numbers) identification no.)
1100 LANDMARK TOWERS, 345 ST. PETER STREET, SAINT PAUL, MINNESOTA 55102-1639
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (612) 293-3400
NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
Pursuant to the Pooling and Servicing Agreement between Green
Tree Financial Corporation (the "Servicer") and Norwest Bank
Minnesota (the "Trustee"), on August 17, 1998, the Trustee
made distributions to the holders of the certificates
representing interests in the Trust (the "Certificateholders")
and delivered to the Certificateholders the Monthly Report
required by Section 1.01 of the Servicing Agreement attached
hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
99.1 Monthly Report delivered to
Certificateholders on
August 17, 1998.
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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 hereunto duly authorized.
Dated: August 17, 1998
FLOORPLAN RECEIVABLES MASTER TRUST
1995-1
By GREEN TREE FINANCIAL CORPORATION
as Servicer with respect to the Trust
By: /s/Phyllis A. Knight
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Phyllis A. Knight
Senior Vice President and Treasurer
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INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
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99.1 Monthly Report delivered to Certificateholders 5
on August 17, 1998.
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FORM OF MONTHLY STATEMENT
GreenTree Floorplan Receivables Master Trust
Series 1995-1
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1995 (hereinafter as such agreement may have been or may be from time to time
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
Green Tree Financial Corporation as servicer (the "Servicer"), Green Tree
Floorplan Funding Corp. as transferor (the "Transferor"), and Norwest Bank
Minnesota as trustee (the "Trustee"), as supplemented by the Series 1995-1
Supplement dated as of December 14, 1995 (the Supplement") among the Servicer,
the Transferor and the Trustee, as Servicer is required to prepare certain
information each month regarding current distributions to the Series 1995-1
Certificateholders and the performance of the Green Tree Floorplan Receivables
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the performance of the Trust during the
month of July 1998 is set forth below. Certain of the information is presented
on the basis of an original principal amount of $1,000 per Series 1995-1
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Monthly Statement have their respective meanings set forth in the Pooling and
Servicing Agreement and the Supplement.
A) Information regarding distribution in respect of the Class A
Certificates per $1,000 original certificate principal amount
(1) The total amount of the distribution in respect of Class A
Certificates, per $1,000 original certificate principal amount 5.04
(2) The amount of the distribution set forth in paragraph 1
above in respect of interest on the Class A Certificates, per
$1,000 original certificate principal amount 5.04
(3) The amount of the distribution set forth in paragraph 1
above in respect of principal of the Class A Certificates, per
$1,000 original certificate principal amount 0.00
B) Class A Investor Charge Offs and Reimbursement of Charge Offs
(1) The amount of Class A Investor Charge Offs 0.00
(2) The amount of Class A Investor Charge Offs set forth in
paragraph 1 above, per $1,000 original certificate principal
amount 0.00
(3) The total amount reimbursed in respect of Class A Investor
Charge Offs 0.00
(4) The amount set forth in paragraph 3 above, per $1,000
original certificate principal amount 0.00
(5) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount after giving effect to all transactions on
such Distribution Date 0.00
Page 1
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C) Information regarding distributions in respect of the Class B
Certificates, per $1,000 original certificate principal amount
(1) The total amount of the distribution in respect of Class B
Certificates, per $1,000 original certificate principal amount 5.18
(2) The amount of the distribution set forth in paragraph 1
above in respect of interest on the Class B Certificates, per
$1,000 original certificate principal amount 5.18
(3) The amount of the distribution set forth in paragraph 1
above in respect of principal of the Class B Certificates, per
$1,000 original certificate principal amount 0.00
D) Amount of reductions in Class B Invested Amount pursuant to
clauses (c), (d), and (e) of the definition of Class B
Invested Amount
(1) The amount of reductions in Class B Invested Amount
pursuant to clauses (c), (d), and (e) of the definition of
Class B Invested Amount 0.00
(2) The amount of reductions in the Class B Invested Amount
set forth in paragraph 1 above, per $1,000 original
certificate principal amount 0.00
(3) The total amount reimbursed in respect of such reductions
in the Class B Invested Amount 0.00
(4) The amount set forth in paragraph 3 above, per $1,000
original certificate principal amount 0.00
(5) The amount, if any, by which the outstanding principal
balance of the Class B Certificates exceeds the Class B
Invested Amount after giving effect to all transactions on
such Distribution Date 0.00
Green Tree Financial Corporation, as Servicer
By: /s/ Phyllis A. Knight
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Name: Phyllis A. Knight
Title: Senior Vice President and Treasurer
Page 2
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RECEIVABLES ---
Beginning of the Month Principal Receivables: 1,577,889,657.13
Removed Principal Receivables: 0.00
Additional Principal Receivables: 37,726,802.05
End of the Month Principal Receivables: 1,587,414,736.81
End of the Month Total Receivables: 1,587,414,736.81
Excess Funding Account Balance 0.00
Aggregate Invested Amount (all Master Trust Series) 1,461,000,000.00
End of the Month Transferor Amount 25,633,255.88
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
30-60 Days Delinquent 1,309,446.72
61-90 Days Delinquent 545,398.17
90+ Days Delinquent 516,306.48
Total 30+ Days Delinquent 2,371,151.37
Defaulted Accounts During the Month 45,931.05
INVESTED AMOUNTS ---
Class A Initial Invested Amount 409,400,000.00
Class B Initial Invested Amount 18,400,000.00
Class C Initial Invested Amount 6,900,000.00
Class D Initial Invested Amount 25,300,000.00
INITIAL INVESTED AMOUNT 460,000,000.00
Class A Invested Amount 409,400,000.00
Class B Invested Amount 18,400,000.00
Class C Invested Amount 6,900,000.00
Class D Invested Amount 25,300,000.00
INVESTED AMOUNT 460,000,000.00
Class A Adjusted Invested Amount 409,400,000.00
Class B Adjusted Invested Amount 18,400,000.00
Class C Invested Amount 6,900,000.00
Class D Invested Amount 39,468,783.09
ADJUSTED INVESTED AMOUNT 474,168,783.09
MONTHLY SERVICING FEE 790,281.31
INVESTOR DEFAULT AMOUNT 13,558.00
Page 3
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SERIES 1995-1 INFORMATION
SERIES 1995-1 ALLOCATION PERCENTAGE 31.49%
SERIES 1995-1 ALLOCABLE FINANCE CHARGE 4,362,619.58
SERIES 1995-1 UNREIMBURSED CHARGE-OFFS 0.00
SERIES 1995-1 ALLOCABLE DEFAULTED AMOUNT 14,461.52
SERIES 1995-1 MONTHLY FEES 790,281.31
SERIES 1995-1 ALLOCABLE PRINCIPAL COLLECTIONS 138,497,710.85
SERIES 1995-1 REQUIRED TRANSFEROR AMOUNT 18,966,751.32
FLOATING ALLOCATION PERCENTAGE 30.05%
INVESTOR FINANCE CHARGE COLLECTIONS 4,160,296.71
INVESTOR DEFAULT AMOUNT 13,558.00
PRINCIPAL ALLOCATION PERCENTAGE 30.05%
AVAILABLE PRINCIPAL COLLECTIONS 131,577,731.84
CLASS A FLOATING ALLOCATION 25.95%
CLASS A REQUIRED AMOUNT 0.00
CLASS B FLOATING ALLOCATION 1.17%
CLASS B REQUIRED AMOUNT 0.00
CLASS C FLOATING ALLOCATION 0.44%
CLASS D FLOATING ALLOCATION 2.50%
TOTAL EXCESS SPREAD 2,186,461.00
YIELD AND BASE RATE---
Base Rate (Current Month) 7.45%
Base Rate (Prior Month) 7.45%
Base Rate (Two Months Ago) 7.45%
THREE MONTH AVERAGE BASE RATE 7.45%
Series Adjusted Portfolio Yield (Current Month) 10.49%
Series Adjusted Portfolio Yield (Prior Month) 9.91%
Series Adjusted Portfolio Yield (Two Months Ago) 9.42%
THREE MONTH AVERAGE SERIES ADJUSTED PORTFOLIO 9.94%
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 25.95%
Class A Principal Collections 113,604,955.31
CLASS B PRINCIPAL PERCENTAGE 1.17%
Class B Principal Collections 5,105,840.69
CLASS C PRINCIPAL PERCENTAGE 0.44%
Class C Principal Collections 1,914,690.26
CLASS D PRINCIPAL PERCENTAGE 2.50%
Class D Principal Collections 10,952,245.58
AVAILABLE PRINCIPAL COLLECTIONS 131,577,731.84
REALLOCATED PRINCIPAL COLLECTIONS 0.00
Page 4
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SERIES 1995-1 PRINCIPAL SHORTFALL 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER 0.00
PRINCIPAL SHARING SERIES
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT 0.00
PRINCIPAL FUNDING ACCOUNT BALANCE 0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE FOR OTHER 131,591,289.83
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS 0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT (OTHER THAN 0.00
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS C INVESTED AMOUNT (OTHER 0.00
THAN BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS D INVESTED AMOUNT (OTHER 0.00
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED 0.00
PREVIOUS CLASS B INVESTED AMOUNT REDUCTIONS REIMBURSED 0.00
PREVIOUS CLASS C INVESTED AMOUNT REDUCTIONS REIMBURSED 0.00
PREVIOUS CLASS D INVESTED AMOUNT REDUCTIONS REIMBURSED 0.00
Green Tree Financial Corporation, as Servicer
By:
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Name: Phyllis A. Knight
Title: Senior Vice President and Treasurer
Page 5
