DFS FLOORPLAN RECEIVABLES L.P.
DISTRIBUTION DATE STATEMENT
REPORT DATE 01/31/97
COLLECTION PERIOD 1/1/97 - 1/31/97
DISTRIBUTION DATE 02/18/97
<TABLE>
<CAPTION>
TOTAL TRUST SERIES 1994-1 SERIES 1996-1(A) SERIES 1996-1(B)SERIES 1996-1(C)
<S> <C> <C> <C> <C> <C>
INVESTED AMOUNT 2,058,203,000.00 1,000,000,000.00 1,000,000,000.00 31,747,000.00 26,456,000.00
ALLOCATION PERCENTAGE 48.59% 48.59% 1.54% 1.29%
EXCESS FUNDING ACCOUNT BALANCE 0.00 0.00 0.00 0.00 0.00
OUTSTANDING PRIN. BALANCE OF CERTIFICATES 1,000,000,000.00 1,000,000,000.00 31,747,000.00 26,456,000.00
SUBORDINATION 9.8901% 0.00% 0.00% 0.00%
SUBORDINATED AMOUNT 98,901,098.90 98,901,098.90 0.00 0.00 0.00
INCREMENTAL SUBORDINATED AMOUNT 7,867,191.54
REQUIRED SUBORDINATED AMOUNT 106,768,290.44 98,901,098.90 0.00 0.00 0.00
REQUIRED SUBORDINATED DRAW AMOUNT 0.00
AVAILABLE SUBORDINATED AMOUNT 106,768,290.44 98,901,098.90 0.00 0.00 0.00
BEGINNING OF MO. PRIN. RECEIVABLES 3,344,517,064.22
DISCOUNT RATE 0.40%
BEGINNING OF MO. POOL BALANCE 3,331,138,995.96
PRIN. ALLOCATION PERCENTAGE 61.79% 30.02% 30.02% 0.95% 0.79%
FLOATING ALLOCATION PERCENTAGE 61.79% 30.02% 30.02% 0.95% 0.79%
SELLER'S PERCENTAGE 38.21% 69.98% 69.98% 99.05% 99.21%
EXCESS SELLER'S PERCENTAGE 35.01% 67.01% 69.98% 99.05% 99.21%
PRIN. COLLECTIONS 1,248,808,768.00
NON-PRIN. COLLECTIONS 26,968,300.96
TOTAL COLLECTIONS 1,275,777,068.96
COLLECTION ACCOUNT BALANCE 1/1/97 10,125,502.15 0.00 9,531,250.00 312,674.88 284,577.27
DEPOSITS 01/14/97
INVESTOR NON-PRIN. COLLECTION 9,821,013.77 4,841,258.61 4,687,500.00 153,774.53 138,480.63
OTHER-INVESTMENT EARNINGS 165,709.72 12,260.42 153,449.30 0.00 0.00
DISBURSEMENT 1/15/97
INTEREST AMOUNT (19,949,515.92) (4,841,258.61) (14,218,750.00) (466,449.41) (423,057.90)
SERVICING FEE
EXCESS AMOUNT (165,709.72) (12,260.42) (153,449.30) 0.00 0.00
COLLECTION ACCOUNT BALANCE 1/31/97 0.00 0.00 0.00 0.00 0.00
INVESTOR INTEREST TO BE FUNDED2/14/97 11,066,465.62 5,368,581.11 5,363,263.89 176,114.28 158,506.34
DISBURSEMENTS 2/18/97
INTEREST AMOUNT (5,368,581.11) (5,368,581.11) 0.00 0.00 0.00
SERVICING FEE 0.00 0.00 0.00 0.00 0.00
EXCESS AMOUNT 0.00 0.00 0.00 0.00 0.00
TOTAL DISTRIBUTIONS (5,368,581.11) (5,368,581.11) 0.00 0.00 0.00
CONTROLLED DISBURSEMENT AMOUNT N/A
RESERVE FUND BALANCE 23,664,060.00
DEFAULTED RECEIVABLES 296,543.75
INVESTOR DEFAULT AMOUNT 183,224.79
DRAW AMOUNT - PREC. COLLECTION PERIOD 0.00
INVESTOR CHARGE OFFS 0.00
AMOUNT OF REIMBURSEMENT 0.00
END OF MO. PRIN. RECEIVABLES 3,216,529,665.38
DISCOUNT RATE 0.04%
END OF MO. POOL BALANCE 3,203,663,546.72
INVESTORS COUPON RATE 5.48438% 5.67875% 5.87375% 6.34375%
</TABLE>
