DAIMLER BENZ VEHICLE OWNER TRUST 1998-A
8-K, 1999-12-06
ASSET-BACKED SECURITIES
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<PAGE>   1

                       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




                     DAIMLER-BENZ VEHICLE OWNER TRUST 1998-A
      -------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                                November 22, 1999
      -------------------------------------------------------------------
                Date of Report (Date of earliest event reported)



Delaware                            333-64671                13-3770955
- --------                            ---------                ----------
(State or other jurisdiction        (Commission File         (I.R.S. Employer
of incorporation)                   Number)                  Identification No.)



       1201 North Market Street, Suite 1406, Wilmington, Delaware    19801
      ----------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)



                                 (302) 426-1900
         --------------------------------------------------------------
              (Registrant's telephone number, including area code)


<PAGE>   2



Item 5.  Other Events

            The Statement to Noteholders and Certificateholders relating to
Daimler-Benz Vehicle Owner Trust 1998-A pursuant to section 4.9 of the Sale and
Servicing Agreement dated as of November 1, 1998, among Daimler-Benz Vehicle
Receivable Corporation, Mercedes-Benz Credit Corporation and the Trust, for the
Collection Period ended October 31, 1999 is being filed as Exhibit 20 to this
Current Report on Form 8-K.



Item 7.  Financial Statements and Exhibits

            (c)    Exhibits

                   Exhibit No.              Description

                   20                       Statement to Notesholders and
                                            Certificateholders for the
                                            October 1999 Collection Period






                                       -2-
<PAGE>   3


                                   SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              Daimler-Benz Vehicle Owner Trust 1998-A
                                            (Registrant)

                              By:  Mercedes-Benz Credit Corporation, as Servicer


Date:  November 29, 1999      By:  /s/ David A. Klanica
                                   ---------------------------------------
                                   Name:   David A. Klanica
                                   Title:  Director of Accounting Services








                                       -3-
<PAGE>   4


                                INDEX TO EXHIBITS

Exhibit No.              Description

    20                   Statement to Noteholders and Certificateholders for the
                         October 1999 Collection Period







                                       -4-

<PAGE>   1

                    DAIMLER-BENZ VEHICLE OWNER TRUST 1998-A
                            MONTHLY SERVICING REPORT
                   SERVICER: MERCEDES-BENZ CREDIT CORPORATION
                            TRUSTEE: CITIBANK, N.A.
                        COLLECTION PERIOD: OCTOBER 1999


<TABLE>
<CAPTION>
DISTRIBUTION DATE:
- ------------------
            11/22/1999


STATEMENT TO NOTEHOLDERS AND  CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE SALE AND SERVICING AGREEMENT                                                   Per $1,000 of  Original
                                                                                                      Class A/Class B
                                                                                                          Amounts
                                                                                                  -----------------------
<S>                                                                        <C>                          <C>
   (i)  Principal Distribution
        ----------------------
          Class A-1                                                                    $0.00              $0.000000
          Class A-2                                                           $40,826,755.34             $80.367629
          Class A-3                                                                    $0.00              $0.000000
          Class A-4                                                                    $0.00              $0.000000
          Class B Amount                                                               $0.00              $0.000000

  (ii)  Interest Distribution
        ---------------------
          Class A-1                                                                    $0.00              $0.000000
          Class A-2                                                            $1,446,631.40              $2.847700
          Class A-3                                                            $1,892,000.00              $4.300000
          Class A-4                                                            $1,051,830.00              $4.350000
          Class B Amount                                                         $382,415.48              $4.683333

 (iii)  Monthly Servicing Fee                                                    $912,814.69
        ---------------------

          Monthly Supplemental Servicing Fee                                           $0.00

  (iv)  Class A-1 Principal Balance (end of Collection Period)                         $0.00
        Class A-1 Pool Factor (end of Collection Period)                           0.000000%
        Class A-2 Principal Balance (end of Collection Period)               $291,096,319.69
        Class A-2 Pool Factor (end of Collection Period)                          57.302425%
        Class A-3 Principal Balance (end of Collection Period)               $440,000,000.00
        Class A-3 Pool Factor (end of Collection Period)                         100.000000%
        Class A-4 Principal Balance (end of Collection Period)               $241,800,000.00
        Class A-4 Pool Factor (end of Collection Period)                         100.000000%
        Class B Principal Balance (end of Collection Period)                  $81,654,551.40
        Class B Pool Factor (end of Collection Period)                           100.000000%

   (v)  Pool Balance (end of Collection Period)                            $1,054,550,871.09

  (vi)  Interest Carryover Shortfall
        ----------------------------
          Class A-1                                                                    $0.00              $0.000000
          Class A-2                                                                    $0.00              $0.000000
          Class A-3                                                                    $0.00              $0.000000
          Class A-4                                                                    $0.00              $0.000000
          Class B                                                                      $0.00              $0.000000

        Principal Carryover Shortfall
        -----------------------------
          Class A-1                                                                    $0.00              $0.000000
          Class A-2                                                                    $0.00              $0.000000
          Class A-3                                                                    $0.00              $0.000000
          Class A-4                                                                    $0.00              $0.000000
          Class B                                                                      $0.00              $0.000000

 (vii)  Balance of the Reserve Fund Property (end of Collection Period)
          Class A Amount                                                      $57,100,909.30
          Class B Amount                                                               $0.00

(viii)  Aggregate Purchase Amount of Receivables repurchase by the
        Seller or the Servicer                                                $17,485,690.35
</TABLE>



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