Item 1. Business.
The Registrant, Deutsche Recreational Asset Funding Corporation is a wholly owned subsidiary of Ganis Credit Corporation ("Ganis") a Delaware corporation. The Registrant was organized for limited purposes, which include purchasing of receivables from Ganis and its affiliates and transferring such receivables to third parties and any activities incidental to and necessary or convenient for the accomplishment of such purposes.
In accordance with its stated business purposes, the Registrant has formed Distribution Financial Services RV Trust 1999-1, ("RV Trust 1999-1") pursuant to a Transfer and Servicing Agreement, dated as of March 1, 1999, among the RV Trust 1999-1 as Issuer, the Registrant as Depositor and Ganis, as Servicer. To facilitate the issuance of notes, the Registrant as Depositor and Norwest Bank Minnesota, National Association, as Owner Trustee entered into a Trust Agreement, as amended and restated as of March 1, 1999. In addition, as of March 1, 1999, the RV Trust 1999-1 as Issuer entered into an Indenture with The Chase Manhattan Bank, as Indenture Trustee. The RV Trust 1999-1 assets consist primarily of receivables which include recreational vehicle installment sales contracts or installment loans originated by Ganis or acquired by Ganis from time to time in financing arrangements among Ganis and/or its affiliates with certain dealers to finance recreational vehicle sales. The RV Trust 1999-1, in turn offers from time to time various classes of notes secured by the assets contained in the RV Trust 1999-1. As of December 31, 2000 the RV Trust 1999-1 had $640,731,154.62 of such Notes outstanding bearing the following identifications:
Class A-1 Notes . . . . . . . . . . . . . $ -0- Class A-2 Notes . . . . . . . . . . . . . -0- Class A-3 Notes . . . . . . . . . . . . . 179,001,154.62 Class A-4 Notes . . . . . . . . . . . . . 192,642,000.00 Class A-5 Notes . . . . . . . . . . . . . 159,722,000.00 Class A-6 Notes . . . . . . . . . . . . . 64,366,000.00 Class B Notes . . . . . . . . . . . . . 25,000,000.00 Class C Notes . . . . . . . . . . . . . 20,000,000.00
Total RV Trust 1999-1 Notes Outstanding. . . . $640,731,154.62
In furtherance of its stated business purposes, the Registrant has formed Distribution Financial Services Marine Trust 1999-2, ("Marine Trust 1999-2") pursuant to a Transfer and Servicing Agreement, dated as of May 1, 1999, among Marine Trust 1999-2 as Issuer,the Registrant as Depositor and Ganis as Servicer. To facilitate the issuance of notes, the Registrant as Depositor and Norwest Bank Minnesota, National Association, as Owner Trustee entered into a Trust Agreement, as amended and restated as of May 1, 1999. In addition, as of May 1, 1999, the Marine Trust 1999-2 as Issuer entered into an Indenture with The Chase Manhattan Bank, as Indenture Trustee. The Marine Trust 1999-2 assets consist primarily of receivables which include recreational sport and power boat and yacht installment sales contracts or installment loans originated by Ganis or acquired by Ganis from time to time in financing arrangements among Ganis and/or affiliates with certain dealers to finance marine equipment vehicle sales. The Marine Trust 1999-2, in turn has offered various classes of notes secured by the assets contained in the Marine Trust 1999-2. As of December 31, 2000 the Marine Trust 1999-2 had $370,887,047.63 of such Notes outstanding bearing the following identifications:
Class A-1 Notes . . . . . . . . . . . . . $ 31,985,047.63 Class A-2 Notes . . . . . . . . . . . . . 55,567,000.00 Class A-3 Notes . . . . . . . . . . . . . 108,129,000.00 Class A-4 Notes . . . . . . . . . . . . . 66,207,000.00 Class A-5 Notes . . . . . . . . . . . . . 53,999,000.00 Class B Notes . . . . . . . . . . . . . 33,000,000.00 Class C Notes . . . . . . . . . . . . . 22,000,000.00
Total Marine Trust 1999-2 Notes Outstanding. . $370,887,047.63
In addition, and consistent with its stated business purposes, the Registrant has formed Distribution Financial Services RV Trust 1999-3, ("RV Trust 1999-3") pursuant to a Transfer and Servicing Agreement, dated as of July 1, 1999, among the RV Trust 1999-3 as Issuer,the Registrant as Depositor and Ganis as Servicer. To facilitate the issuance of notes, the Registrant as Depositor and Norwest Bank Minnesota, National Association, as Owner Trustee entered into a Trust Agreement, as amended and restated as of July 1, 1999. In addition, as of July 1, 1999, the RV Trust 1999-3 as Issuer entered into an Indenture with The Chase Manhattan Bank, as Indenture Trustee. The RV Trust 1999-3 assets consist primarily of receivables which include recreational vehicle installment sales contracts or installment loans originated by Ganis or acquired by Ganis from time to time in financing arrangements among Ganis and/or affiliates with certain dealers to finance recreational vehicle sales. The RV Trust 1999-3, in turn has offered various classes of notes secured by the assets contained in the RV Trust 1999-3. As of December 31, 2000 the RV Trust 1999-3 had $276,536,080.35 of such Notes outstanding bearing the following identifications:
Class A-1 Notes . . . . . . . . . . . . . $ -0- Class A-2 Notes . . . . . . . . . . . . . 32,172,080.35 Class A-3 Notes . . . . . . . . . . . . . 48,470,000.00 Class A-4 Notes . . . . . . . . . . . . . 86,608,000.00 Class A-5 Notes . . . . . . . . . . . . . 37,585,000.00 Class A-6 Notes . . . . . . . . . . . . . 54,847,000.00 Class B Notes . . . . . . . . . . . . . 9,363,000.00 Class C Notes . . . . . . . . . . . . . 7,491,000.00
Total RV Trust 1999-3 Notes Outstanding. . . . $276,536,080.35
Item 3.
Item 3. Legal Proceedings.*
None
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.*
None
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.*
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.*
(a) Financial Statements.
The Registrant includes as exhibit hereto the Independent Accountants' Report on compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers with respect to all series Notes issued and outstanding by Distribution Financial Services RV Trust 1999-1, Distribution Financial Services Marine Trust 1999-2 and Distribution Financial Services RV Trust 1999-3.
(b) Reports on Form 8-K.
The Registrant has filed reports on Form 8-K for each month during 2000 when any series of Notes are outstanding reporting Item 5 - Other Events and including therewith as an exhibit, the applicable Collection Period Statement information with respect to (a) Distribution Financial Services RV Trust 1999-1 Notes, and (b) Distribution Financial Services RV Trust 1999-3 Notes including (i) the Class A-1 Notes, (ii) the Class A-2 Notes, (iii) the Class A-3 Notes, (iv) the Class A-4 Notes, (v) the Class A-5 Notes, (vi) the Class A-6 Notes, (vii) the Class B Notes and (viii) the Class C Notes of each series of Notes as required. In addition, the applicable Collection Period Statement information with respect to Distribution Financial Services Marine Trust 1999-2 Notes was also included with respect to (i) the Class A-1 Notes, (ii) the Class A-2 Notes, (iii) the Class A-3 Notes, (iv) the Class A-4 Notes, (v) the Class A-5 Notes, (vi) the Class B Notes and (vii) the Class C Notes of such series of Notes.
In addition, under Item 5 - Other Events, the Registrant reported in Form 8-K, certain specified information made available on a monthly basis to Noteholders of both the (a) Distribution Financial Services RV Trust 1999-1 Notes, (b) the Distribution Financial Services Marine Trust 1999-2 Notes and (c) Distribution Financial Services RV Trust 1999-3 Notes included with each Form 8-K, the Registrant filed as exhibits thereto copies of the monthly Noteholders' Statements required for such period to Noteholders of both the Distribution Financial Services RV Trust 1999-1 Notes, the Distribution Financial Services Marine Trust 1999-2 Notes and Distribution Financial Services RV Trust 1999-3 Notes.
SIGNATURES
Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DEUTSCHE RECREATIONAL ASSET FUNDING CORPORATION
By: 	 /s/ W. Steven Culp By: /s/ Richard C. Goldman 	 Vice President, Controller Vice President, Chief Legal Officer, Secretary
	March 21, 2001 March 21, 2001
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
Signature/Title					 Date
/s/ W. Steven Culp March 21, 2001 Vice President, Controller Deutsche Recreational Asset Funding Corporation
/s/ Richard C. Goldman				 March 21, 2001 Vice President, Chief Legal Officer, Secretary Director Deutsche Recreational Asset Funding Corporation
/s/ Monte L. Miller March 21, 2001 Director Deutsche Recreational Asset Funding Corporation
/s/ Phil Stout					 March 21, 2001 Director Deutsche Recreational Asset Funding Corporation
EXHIBIT INDEX
					 Incorporated by reference to Exhibit						 Exhibit in Registration Number		Title				 Statement Number 333-56303
2	 Plan of acquisition, reorganization, 	 arrangement, liquidation or succession		 Not Applicable
3	 Articles of Incorporation of Exhibit 3.1 		 Registrant By-Laws of Registrant Exhibit 3.2
4	 Instruments defining the rights of security	holders, including indentures			Exhibit 4.1
9	 Voting trust agreements					 Not Applicable
10	 Material Contracts					 None
11	 Statement re computation of 	 per share earnings					 Not Applicable
12	 Statement re computation of ratios			 Not Applicable
13	 Annual report of security holders, 	 Form 10-Q or quarterly reports 	to security holders					 None
16	 Letter re change in certifying accountant		 None
18	 Letter re changes in accounting 	principles							 None
21	 Subsidiaries of Registrant				 Not Applicable
22	 Published report regarding matters 	 submitted to vote of security holders		 None
23	 Consents of experts and counsel			 Not Applicable
24	 Power of attorney						 Not Applicable
27	 Financial Data Schedule					 Not Applicable
99	 Additional Exhibits Filed Herewith 	 Independent Accountants' Report as EX-1