Item 1. Business.
The Registrant is a common law trust created under the laws of the State of New York created by Deutsche Recreational Asset Funding Corporation, a Nevada corporation. The registrant was formed for limited purposes, which include the purchasing of receivables, including recreational vehicle installment sales contracts or installment loans originated by Deutsche Financial Services Corporation ("DFS"), a Nevada corporation or acquired by DFS from time to time in financing arrangements among DFS and/or its affiliates with certain dealers to finance recreational vehicle sales, including Deutsche Recreational Asset Funding Corporation, a Nevada corporation ("DRAFC") 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 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, DRAFC as Depositor and DFS 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 DFS or acquired by DFS from time to time in financing arrangements among DFS and/or its affiliates with certain dealers to finance marine equipment vehicle sales. The Marine Trust 1999-2, has issued various classes of notes secured by the assets contained in the Marine Trust 1999-2.
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.*
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
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 the Notes issued and outstanding by Distribution Financial Services Marine Trust 1999-2.
(b) Reports on Form 8-K.
The Servicer on behalf of the Registrant has filed reports on Form 8-K for each month during the year 2000 reporting Item 5., Other Events, and including therewith as an exhibit, the Collection Period Statement Information with respect to the Distribution Financial Services Marine Trust 1999-2 Notes.
In addition, under Item 5., Other Events, the Servicer reported in From 8-K, certain specified information made available on a monthly basis to Noteholders of the Distribution Financial Services Marine Trust 1999-2 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.
DISTRIBUTION FINANCIAL SERVICES MARINE TRUST 1999-2
By: 	 Norwest Bank Minnesota, National Association not in its individual capacity but solely as Owner Trustee
By: /s/ Cheryl Zimmerman Title: Corporate Trust Officer Date: 	March 21, 2001
EXHIBIT INDEX
Exhibit Number		Title
2	 Plan of acquisition, reorganization, 	 arrangement, liquidation or succession		 Not Applicable
3	 Articles of Incorporation and By-Laws Not Applicable
4	 Instruments defining the rights of security	holders, including indentures			Filed with Form 8-K
9	 Voting trust agreements					 Not Applicable
10	 Material Contracts					 Filed with Form 8-K
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