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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
Date of Report (Date of Earliest Event Reported) April 15, 1999
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Deutsche Recreational Asset Funding Corporation
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(Exact Name of Registrant as Specified in its Charter)
Nevada
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(State or Other Jurisdiction of Incorporation)
333-56303 91-1904587
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(Commission File Number) (I.R.S. Employer Identification No.)
655 Maryville Centre Drive, St. Louis, Missouri 63141
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(Address of Principal Executive Offices) (Zip Code)
(314) 523-3000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On April 15, 1999, a distribution was made in respect of Asset Backed Notes
issued by Distribution Financial Services RV Trust 1999-1. A Monthly Payment
Date statement with respect thereto was distributed on April 15, 1999 and is
filed as an exhibit to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
EXHIBIT
NO. DOCUMENT DESCRIPTION
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99.1 Monthly Payment Date Statement relating to distribution on
April 15, 1999.
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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)
Dated: April 22, 1999 By: /s/ Richard C. Goldman
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Name: Richard C. Goldman
Title: Vice President
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EXHIBIT A
DISTRIBUTION FINANCIAL SERVICES RV TRUST 1999-1
APRIL 15, 1999 PAYMENT DATE STATEMENT TO NOTEHOLDERS
Per Section 5.08 of the Transfer and Servicing Agreement
BEGINNING POOL BALANCE $1,000,003,402.96
BEGINNING POOL FACTOR 1.00000000
Distribution Allocable to Principal on Notes
<TABLE>
<CAPTION>
Prior Current
Class Principal Payments $1000 of orig.prin.bal Principal Payments $1000 of orig.prin.bal
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<S> <C> <C> <C> <C>
A-1 $0.00 0.0000000 $22,292,650.30 197.7297952
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
</TABLE>
DISTRIBUTION ALLOCABLE TO INTEREST ON NOTES
<TABLE>
<CAPTION>
Prior Current
Class Rate Interest Payment $1000 of orig.prin.bal Interest Payments $1000 of orig.prin.bal
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<S> <C> <C> <C> <C> <C>
A-1 4.97% $0.00 0.0000000 $435,814.33 3.8655556
A-2 5.38% $0.00 0.0000000 $952,082.46 4.1844444
A-3 5.70% $0.00 0.0000000 $877,791.13 4.4333333
A-4 5.84% $0.00 0.0000000 $875,022.77 4.5422222
A-5 5.97% $0.00 0.0000000 $741,642.49 4.6433333
A-6 6.02% $0.00 0.0000000 $301,375.92 4.6822222
B 6.36% $0.00 0.0000000 $123,666.67 4.9466667
C 7.23% $0.00 0.0000000 $112,466.67 5.6233333
</TABLE>
NOTE BALANCE AFTER GIVING EFFECT TO PRINCIPAL DISTRIBUTION
<TABLE>
<CAPTION>
Class Beginning Balance Pool Factor Ending Balance: Pool Factor
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<S> <C> <C> <C> <C>
A-1 112,743,000.00 1.0000000 $90,450,349.70 0.8022702
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
</TABLE>
Servicing Fee $416.668.08
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EXHIBIT A
DISTRIBUTION FINANCIAL SERVICES RV TRUST 1999-1
APRIL 15, 1999 PAYMENT DATE STATEMENT TO NOTEHOLDERS
Per Section 5.08 of the Transfer and Servicing Agreement. _____
<TABLE>
<S> <C>
Servicing Fee Per $1,000 of Orig.Note $ 0.4166667
Realized Losses $ 0.00
Reserve Account Balance $ 7,607,295.37
Payments Received with Respect to Receivables During Most Recently Ended Collection Period $ 29,837,959.45
Interest Payments Received $ 7,545,309.15
Scheduled Principal Payments Received $ 6,437,963.13
Principal Prepayments Received $ 15,854,687.17
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 purchased in related Collection Period $ 0.00
Ending Pool Balance $977,710,752.66
Ending Pool Factor 0.97770743
</TABLE>
