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EXHIBIT 99.1
FORM OF MONTHLY STATEMENT
GreenTree Floorplan Receivables Master Trust
Series 1998-1
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
Conseco Finance 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 1998-1 Supplement dated
as of March 1, 1998 (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 1998-1 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 2000 is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Series 1998-1 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 5.94
----------
(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 5.94
----------
(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
----------
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 6.13
----------
(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 6.13
----------
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(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
----------
E) Information regarding distributions in respect of the
Class C Certificates, per $1,000 original certificate
principal amount
(1) The total amount of the distribution in respect
of Class C Certificates, per $1,000 original
certificate principal amount 6.52
----------
(2) The amount of the distribution set forth in
paragraph 1 above in respect of interest on the Class
C Certificates, per $1,000 original certificate
principal amount 6.52
----------
(3) The amount of the distribution set forth in
paragraph 1 above in respect of principal of the
Class C Certificates, per $1,000 original certificate
principal amount 0.00
----------
F) Amount of reductions in Class C Invested Amount
pursuant to clauses (c), (d), and (e) of the
definition of Class C Invested Amount
(1) The amount of reductions in Class C Invested
Amount pursuant to clauses (c), (d), and (e) of the
definition of Class C Invested Amount 0.00
----------
(2) The amount of reductions in the Class C 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 C 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 C Certificates exceeds
the Class C Invested Amount after giving effect to
all transactions on such Distribution Date 0.00
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Conseco Finance Corporation, as Servicer
By: /s/ Timothy R. Jacobson
---------------------------------------------
Name: Timothy R. Jacobson
Title: Vice President and Assistant Treasurer
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RECEIVABLES ---
Beginning of the Month Principal Receivables: 2,054,755,777.54
Removed Principal Receivables: 0.00
Additional Principal Receivables: 16,333,182.14
End of the Month Principal Receivables: 1,980,592,207.57
End of the Month Total Receivables: 1,980,592,207.57
Excess Funding / Prefunding Account Balance 43,131,541.32
Aggregate Invested Amount (all Master Trust Series) 1,750,447,213.03
End of the Month Transferor Amount 20,425,075.10
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
30-60 Days Delinquent 2,967,708.17
61-90 Days Delinquent 1,655,313.26
90+ Days Delinquent 932,064.51
Total 30+ Days Delinquent 5,555,085.94
Defaulted Accounts During the Month 392,105.52
INVESTED AMOUNTS ---
Class A Initial Invested Amount 400,400,000.00
Class B Initial Invested Amount 20,475,000.00
Class C Initial Invested Amount 19,337,000.00
Class D Initial Invested Amount 22,678,000.00
INITIAL INVESTED AMOUNT 462,890,000.00
Class A Adjusted Invested Amount 400,400,000.00
Class B Adjusted Invested Amount 20,475,000.00
Class C Adjusted Invested Amount 19,337,000.00
Class D Adjusted Invested Amount 70,414,877.51
ADJUSTED INVESTED AMOUNT 510,626,877.51
MONTHLY SERVICING FEE 847,269.43
INVESTOR DEFAULT AMOUNT 99,283.47
SERIES 1998-1 INFORMATION
SERIES 1998-1 ALLOCATION PERCENTAGE 25.20%
SERIES 1998-1 ALLOCABLE FINANCE CHARGE 4,525,816.42
SERIES 1998-1 UNREIMBURSED CHARGE-OFFS 0.00
SERIES 1998-1 ALLOCABLE DEFAULTED AMOUNT 98,815.92
SERIES 1998-1 MONTHLY FEES 847,269.43
SERIES 1998-1 ALLOCABLE PRINCIPAL COLLECTIONS 105,141,079.74
SERIES 1998-1 REQUIRED TRANSFEROR AMOUNT 20,425,075.10
FLOATING ALLOCATION PERCENTAGE 24.23%
INVESTOR FINANCE CHARGE COLLECTIONS 4,408,917.46
INVESTOR DEFAULT AMOUNT 99,283.47
PRINCIPAL ALLOCATION PERCENTAGE 24.23%
AVAILABLE PRINCIPAL COLLECTIONS 97,352,348.24
CLASS A FLOATING ALLOCATION 19.09%
CLASS A REQUIRED AMOUNT 0.00
CLASS B FLOATING ALLOCATION 0.98%
CLASS B REQUIRED AMOUNT 0.00%
CLASS C FLOATING ALLOCATION 0.92%
CLASS D FLOATING ALLOCATION 3.25%
TOTAL EXCESS SPREAD 1,694,267.55
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YIELD AND BASE RATE---
Base Rate (Current Month) 8.39%
Base Rate (Prior Month) 8.40%
Base Rate (Two Months Ago) 8.29%
THREE MONTH AVERAGE BASE RATE 8.36%
Series Adjusted Portfolio Yield (Current Month) 10.16%
Series Adjusted Portfolio Yield (Prior Month) 10.23%
Series Adjusted Portfolio Yield (Two Months Ago) 9.52%
THREE MONTH AVERAGE SERIES ADJUSTED PORTFOLIO 9.97%
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 19.09%
Class A Principal Collections 76,574,532.78
CLASS B PRINCIPAL PERCENTAGE 0.98%
Class B Principal Collections 3,915,743.15
CLASS C PRINCIPAL PERCENTAGE 0.92%
Class C Principal Collections 3,698,106.24
CLASS D PRINCIPAL PERCENTAGE 3.25%
Class D Principal Collections 13,163,966.06
AVAILABLE PRINCIPAL COLLECTIONS 97,352,348.24
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1998-1 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 $97,451,631.71
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
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Conseco Finance Corporation, as Servicer
By: /s/ Timothy R. Jacobson
---------------------------------------------
Name: Timothy R. Jacobson
Title: Vice President and Assistant Treasurer
