Item 1. BUSINESS.
The sole business of Green Tree Lease Finance 1997-1, LLC (the "Issuer") is to hold the Leases and to apply the proceeds thereof to make payments to the Noteholders, as described in the Issuer's Prospectus dated December 19, 1997, and the related Registration Statement on Form S-1 (File Nos. 333-38687, 333-38687-01 and 333-38687-02).
Item 2.
Item 2. PROPERTIES.
Not applicable.
Item 3.
Item 3. LEGAL PROCEEDINGS.
Not applicable.
Item 4.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Not applicable.
PART II Item 5.
Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
As of December 31, 1997, the Issuer had 80 holders of record of the Notes, computed in accordance with Rule 12g5-1 under the Securities Exchange Act of 1934, as amended.
Item 6.
Item 6. SELECTED FINANCIAL DATA.
Not applicable.
Item 7.
Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.
Not applicable.
Item 8.
Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Not applicable.
Item 9.
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
Not applicable.
PART III Item 10.
Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.
Not applicable.
Item 11.
Item 11. EXECUTIVE COMPENSATION.
Not applicable.
Item 12.
Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.
Not applicable.
Item 13.
Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
Not applicable.
PART IV Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) The Independent Accountant's Report, delivered pursuant to Section 3.11 of the Contribution and Servicing Agreement dated as of December 1, 1997, is filed herewith.
(b) None.
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.
GREEN TREE LEASE FINANCE 1997-1, LLC
Date: December 11, 1998 By: /s/ Joel H. Gottesman ------------------------------- Joel H. Gottesman Senior Vice President and Secretary
EXHIBIT INDEX
Item - ----- 99.1 The Independent Accountant's Report, delivered pursuant to Section 3.11 of the Contribution and Servicing Agreement dated as of December 1, 1997.