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, 2000
(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.
Copies of the monthly payment date statements to noteholders, as required by
the Transfer and Servicing Agreement are being filed as Exhibits 1, 2 and 3
of this current report on Form 8-K.
Item 7.(c). Exhibits.
Exhibit
Number Document Description
EX-1 Distribution Financial Services RV Trust 1999-1
May 15, 2000 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
EX-2 Distribution Financial Services Marine Trust 1999-2
May 15, 2000 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
EX-3 Distribution Financial Services RV Trust 1999-3
May 15, 2000 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
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 19, 2000
By: /s/ Richard C. Goldman
Name: Richard C. Goldman
Title: Vice President
Exhibit 1
Distribution Financial Services RV Trust 1999-1
May 15, 2000 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
<TABLE>
<S> <C>
Beginning Pool Balance $761,656,843.44
Beginning Pool Factor 1.00000000
Distribution Allocable to Principal on Notes
<CAPTION>
Prior Current
Class Prin. Pymt. $1000 orig.prin.bal. Prin. Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C>
A-1 $0.00 0.0000000 $0.00 0.0000000
A-2 $0.00 0.0000000 $13,557,857.89 354.9192284
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% $0.00 0.0000000 $0.00 0.0000000
A-2 5.38% $0.00 0.0000000 $422,833.37 1.8583713
A-3 5.70% $0.00 0.0000000 $940,490.50 4.7500000
A-4 5.84% $0.00 0.0000000 $937,524.40 4.8666667
A-5 5.97% $0.00 0.0000000 $794,616.95 4.9750000
A-6 6.02% $0.00 0.0000000 $322,902.77 5.0166667
B 6.36% $0.00 0.0000000 $132,500.00 5.3000000
C 7.23% $0.00 0.0000000 $120,500.00 6.0250000
Note Balance After Giving Effect to Principal Distribution
<CAPTION>
Class Beginning Balance Pool Factor Ending Balance Pool Factor
<S> <C> <C> <C> <C>
A-1 0.00 0.0000000 $0.00 0.0000000
A-2 $141,996,788.09 1.0000000 $ 80,754,417.12 354.9192284
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 $317,357.02
Servicing Fee Per $1,000 of Orig.Note 0.3173570
Realized Losses $363,612.69
Reserve Account Balance $14,959,240.75
Payments Received with Respect to Receivables During Most Recently
Ended Collection Period $18,803,755.33
Interest Payments Received $5,495,553.04
Scheduled Principal Payments Received $3,947,501.60
Principal Prepayments Received $9,360,700.69
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 $747,962,037.50
Ending Pool Factor
0.74795949
</TABLE>
Exhibit 2
Distribution Financial Services MarineTrust 1999-2
May 15, 2000 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
<TABLE>
<S> <C>
Beginning Pool Balance 452,181,806.21
Beginning Pool Factor 1.00000000
Distribution Allocable to Principal on Notes
<CAPTION>
Prior Current
Class Principal Pymts. $1000 orig.prin.bal. Principal Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C>
A-1 $0.00 0.0000000 $8,819,609.18 41.7796909
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 Payment $1000 of orig.prin.bInterest Payments$1000 of orig.prin.bal
<S> <C> <C> <C> <C> <C>
A-1 5.50% $0.00 0.0000000 $507,027.61 2.4018589
A-2 5.98% $0.00 0.0000000 $276,908.88 4.9833333
A-3 6.20% $0.00 0.0000000 $558,666.50 5.1666667
A-4 6.48% $0.00 0.0000000 $357,517.80 5.4000000
A-5 6.6656% $0.00 0.0000000 $299,946.45 5.5546668
B 6.93% $0.00 0.0000000 $190,575.00 5.7750000
C 7.61% $0.00 0.0000000 $139,516.67 6.3416668
Note Balance After Giving Effect to Principal Distribution
<CAPTION>
Class Beginning Balance Pool Factor Ending Balance Pool Factor
<S> <C> <C> <C> <C>
A-1 211,098,000.00 1.0000000 $110,624,206.74 524.0419461
A-2 55,567,000.00 1.0000000 $55,567,000.00 1.0000000
A-3 108,129,000.00 1.0000000 108,129,000.00 1.0000000
A-4 66,207,000.00 1.0000000 66,207,000.00 1.0000000
A-5 53,999,000.00 1.0000000 53,999,000.00 1.0000000
B 33,000,000.00 1.0000000 33,000,000.00 1.0000000
C 22,000,000.00 1.0000000 22,000,000.00 1.0000000
<S> <C>
Servicing Fee $188,409.09
Servicing Fee Per $1,000 of Orig.Note 0.3425620
Realized Losses $73,910.68
Reserve Account Balance $20,563,914.44
Payments Received with Respect to Receivables During Most
Recently Ended Collection Period $11,221,392.58
Interest Payments Received $2,977,027.16
Scheduled Principal Payments Received $1,839,026.61
Principal Prepayments Received $6,405,338.81
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 $443,863,530.11
Ending Pool Factor 0.80702444
</TABLE>
Exhibit 3
Distribution Financial Services RV Trust 1999-3
May 15, 2000 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
<TABLE>
<S> <C>
Beginning Pool Balance 322,163,808.93
Beginning Pool Factor 1.00000000
Distribution Allocable to Principal on Notes
<CAPTION>
Prior Current
Class Principal Pymts. $1000 orig.prin.bal. Principal Pymt. $1000 orig.prin.bal.
<S> <C> <C> <C> <C>
A-1 $0.00 0.0000000 $0.00 0.0000000
A-2 $0.00 0.0000000 $5,909,062.66 58.8939209
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 5.32% $0.00 0.0000000 $0.00 0.0000000
A-2 5.97% $0.00 0.0000000 $384,425.99 3.8314628
A-3 6.43% $0.00 0.0000000 $259,718.42 5.3583334
A-4 6.65% $0.00 0.0000000 $479,952.67 5.5416667
A-5 6.76% $0.00 0.0000000 $211,728.83 5.6333330
A-6 6.88% $0.00 0.0000000 $314,456.13 5.7333330
B 7.17% $0.00 0.0000000 $55,943.93 5.9750000
C 7.92% $0.00 0.0000000 $49,440.60 6.6000000
Note Balance After Giving Effect to Principal Distribution
<CAPTION>
Class Beginning Balance Pool Factor Ending Balance Pool Factor
<S> <C> <C> <C> <C>
A-1 0.00 0.0000000 $0.00 0.0000000
A-2 95,328,779.42 1.0000000 $71,362,492.47 711.2493519
A-3 48,470,000.00 1.0000000 $48,470,000.00 1.0000000
A-4 86,608,000.00 1.0000000 86,608,000.00 1.0000000
A-5 37,585,000.00 1.0000000 37,585,000.00 1.0000000
A-6 54,847,000.00 1.0000000 54,847,000.00 1.0000000
B 9,363,000.00 1.0000000 9,363,000.00 1.0000000
C 7,491,000.00 1.0000000 7,491,000.00 1.0000000
<S> <C>
Servicing Fee $134,234.92
Servicing Fee Per $1,000 of Orig.Note 0.3584080
Realized Losses $51,503.96
Reserve Account Balance $6,628,483.05
Payments Received with Respect to Receivables During Most Recently
Ended Collection Period $7,624,845.46
Interest Payments Received $2,290,599.69
Scheduled Principal Payments Received $1,515,924.12
Principal Prepayments Received $3,818,321.65
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 $316,778,059.20
Ending Pool Factor 0.84579925
</TABLE>
