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
May 15, 1999
(Date of earliest event reported)
DEUTSCHE RECREATIONAL ASSET FUNDING CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 333-56303 91-1904587
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) identification No.)
655 Maryville Centre Drive
St. Louis, Missouri 63141
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 523-3000
Item 5. Other Events.
In connection with the offering of the Distribution Financial Services RV Trust
1999-1 Asset Backed Notes (the "Notes"), Deutsche Bank Securities Inc., as the
lead underwriter of the Notes, has distributed certain "computational materials"
to potential investors, which materials are attached hereto as Exhibit 1.
Item 7.(c). Exhibits.
Exhibit
Number Document Description
EX-1 Computation Materials.
SIGNATURES
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.
DEUTSCHE RECREATIONAL ASSET FUNDING CORPORATION
(Registrant)
Date May 20, 1999
By: /s/ Richard C. Goldman
Name: Richard C. Goldman
Title: Vice President
<TABLE>
Exhibit A
Distribution Financial Services RV Trust 1999-1
May 17, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
<S> <C>
Beginning Pool Balance $977,710,752.66
Beginning Pool Factor 0.97770743
Distribution Allocable to Principal on Notes
<CAPTION>
Prior Current
Class Prin.Pymt. $1000 of orig.prin.bal. Prin.Pymt. $1000 of orig.prin.bal.
<S> <C> <C> <C> <C>
A-1 $22,292,650.30 197.7297952 $23,352,512.75 207.1304893
A-2 $0.00 0.0000000 $0.00 0.0000000
A-3 $0.00 0.0000000 $0.00 0.0000000
A-4 $0.00 0.0000000 $0.00 0.0000000
A-5 $0.00 0.0000000 $0.00 0.0000000
A-6 $0.00 0.0000000 $0.00 0.0000000
B $0.00 0.0000000 $0.00 0.0000000
C $0.00 0.0000000 $0.00 0.0000000
Distribution Allocable to Interest on Notes
<CAPTION>
Prior Current
Class Rate Interest Pymt. $1000 orig.prin.bal. Interest Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C> <C>
A-1 4.97% $435,814.33 3.8655556 $399,589.54 3.5442514
A-2 5.38% $918,079.52 4.0350000 $1,020,088.35 4.4833333
A-3 5.70% $846,441.45 4.2750000 $940,490.50 4.7500000
A-4 5.84% $843,771.96 4.3800000 $937,524.40 4.8666667
A-5 5.97% $715,155.26 4.4775000 $794,616.95 4.9750000
A-6 6.02% $290,612.49 4.5150000 $322,902.77 5.0166667
B 6.36% $119,250.00 4.7700000 $132,500.00 5.3000000
C 7.23% $108,450.00 5.4225000 $120,500.00 6.0250000
Note Balance After Giving Effect to Principal Distribution
<CAPTION>
Class Beginning Bal. Pool Factor Ending Bal. Pool Factor
<S> <C> <C> <C> <C>
A-1 90,450,349.70 0.8022702 $67,097,836.95 0.5951397
A-2 227,529,000.00 1.0000000 $227,529,000.00 1.0000000
A-3 197,998,000.00 1.0000000 $197,998,000.00 1.0000000
A-4 192,642,000.00 1.0000000 $192,642,000.00 1.0000000
A-5 159,722,000.00 1.0000000 $159,722,000.00 1.0000000
A-6 64,366,000.00 1.0000000 $64,366,000.00 1.0000000
B 25,000,000.00 1.0000000 $25,000,000.00 1.0000000
C 20,000,000.00 1.0000000 $20,000,000.00 1.0000000
<S> <C>
Servicing Fee $407,379.48
Servicing Fee Per $1,000 of Orig.Note 0.4073795
Realized Losses $0.00
Reserve Account Balance $9,693,761.01
Payments Received with Respect to Receivables During
Most Recently Ended Collection Period $30,533,799.71
Interest Payments Received $7,181,286.96
Scheduled Principal Payments Received $5,600,346.88
Principal Prepayments Received $17,752,165.87
Distribution to Residual Interestholders $0.00
Noteholders' Interest Carryover Shortfall $0.00
Noteholders' Interest Carryover Shortfall Per $1,000 Note 0.0000000
Aggregate Purchase Amounts for Receivables that were $0.00
purchased in related Collection Period
Ending Pool Balance $954,358,239.91
Ending Pool Factor 0.95435499
</TABLE>
