SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

Commission File Number 033-70814

FORM 10-K

Mark One

[X] 	ANNUAL REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE
    	ACT OF 1934

For the Fiscal Year Ended December 31, 1997

OR

[ ] 	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    	SECURITIES	EXCHANGE ACT OF 1934

DEUTSCHE FLOORPLAN RECEIVABLES, L.P.

State of Organization - Delaware
I.R.S. Employer Identification Number - 88-0310100

Principal Executive Offices
655 Maryville Centre Drive
St. Louis, Mo. 63141-5832
Telephone Number:  (314) 523-3000

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by a check mark whether the Registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange 
Act 1934 during the preceding 12 months, and (2) has been subject to such 
filing requirements for the past 90 days.  Yes  X    No ___.

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to 
the best of Registrant's knowledge, in definitive proxy or information 
statements incorporated by reference in Part III of this Form 10-K or any 
amendment to this Form 10-K.  [X]

As of March 16, 1998 the Registrant was controlled by its General Partner, 
Deutsche Floorplan Receivables, Inc., a Nevada corporation.

TABLE OF CONTENTS

PART		ITEM

  I		1.	   Business
		   2. **
		   3. *		Legal Proceedings
		   4. *		Submission of Matters to a Vote of Security	Holders

 II		5. *		Market for Registrant's Common Equity and	Related 
           Stockholder Matters
		   6. **
		   7. **
		   8. **
		   9. **

III	10. **
   	11. **
	  	12. **
		  13. **

 IV	14. *		Exhibits, Financial Statements, Schedules and	Reports on 
           Form 8-K

       				Signatures
			       	Exhibit Index

* Item prepared in compliance with Exemption Request Letters of 
April 25, 1994 and June 30, 1994 as provided in the July 1, 1994 response 
letter from the Office of Chief Counsel, Division of Corporate Finance, 
United States Securities and Exchange Commission, addressed to Registrant as 
ITT Floorplan Receivables, L.P., which name was changed to Deutsche Floorplan
Receivables, L.P.

** Omitted pursuant to Exemption Request Letters noted in previous [*] 
footnotes.

PART I

Item 1.

Business.

The Registrant is a limited partnership of which Deutsche Floorplan
Receivables, Inc. (formerly ITT Floorplan Receivables, Inc.), ("DFLP") a
Nevada corporation is the general partner and Deutsche Financial Services
Corporation (formerly ITT Commercial Finance Corp.) ("DFSC") a Nevada 
corporation is the limited partner.  The Registrant was organized for limited
purposes, which include purchasing of receivables from DFSC and its 
affiliates and transferring such receivables to third parties and any 
activities convenient for the accomplishment of such purposes.

In accordance with such business purposes, the Registrant has formed Deutsche
Floorplan Receivables Master Trust, (formerly ITT Floorplan Receivables
Master Trust) ("Trust") pursuant to a Pooling and Servicing Agreement, dated
as of December 1, 1993, as amended and restated as of March 1, 1994 as
further amended as of January 24, 1996 and as amended and restated as of
October 1, 1996, among the Registrant as Seller, DFSC, as Servicer, and The
Chase Manhattan Bank (formerly Chemical Bank), as Trustee.  The Trust assets
include receivables generated from time to time in a portfolio of revolving
financing arrangements among DFSC and its affiliates with certain dealers and
manufacturers to finance their inventory and accounts receivables.  The
Trust, in turn offers from time to time certificates representing undivided
interests in the assets contained in the Trust.  As of December 31, 1997 the 
Trust had $2,031,747,000.00 of such certificates outstanding bearing 
identifications as follows:

Floating Rate Asset Backed Certificates, Series 1994-1 aggregating
			$1,000,000,000.00
Floating Rate Asset Backed Certificates, Series 1996-1 Class A aggregating
  	$1,000,000,000.00
Floating Rate Asset Backed Certificates, Series 1996-1 Class B aggregating
 		$   31,747,000.00
Total Outstanding
			$2,031,747,000.00

Item 3.
Legal Proceedings.*

None

Item 4.
Submission of Matters to a Vote of Security Holders.*

None

PART II

Item 5.
Market for Registrant's Common Equity and Related Stockholder Matters.*

Registrant, on behalf of the Partnership reports that each series of 
certificates issued by the trust is held by one (1) registered holder.  There
remains outstanding $2,031,747,000.00 of various series of Certificates, each 
of which have no principal market.

PART IV

Item 14.
Exhibits, Financial Statement Schedules, and Reports on Form 8-K.*

(a) Financial Statements.

The Partnership includes as exhibits hereto the Annual Accountant's Statement 
with respect to all series of Certificates issued and outstanding by Deutsche 
Floorplan Receivables Master Trust.

(b) Reports on Form 8-K.

The Partnership has filed reports on Form 8-K for each month commencing 
January 1997 and ending December 1997 reporting Item 5.  Other Events and 
including therewith as an exhibit, the Distribution Date Statement for the 
prior month's Collection Period with respect to ( i) the Series 1994-1 
Certificates, (ii) the Series 1996-1, Class A Certificates, and (iii) the 
Series 1996-1, Class B Certificates, all of which remain issued and 
outstanding by Deutsche Floorplan Receivables Master Trust.

In addition, under Item 5. Other Events, the Partnership reported in 
Form 8-K, certain specified distributions to Certificateholders made during 
such month.  Included with each Form 8-K, the Partnership filed as exhibits 
thereto copies of the monthly Certificateholders' Statements required for 
such distributions.

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 FLOORPLAN RECEIVABLES, L.P.

By:  	Deutsche Floorplan Receivables, Inc.
     	Its General Partner

By:  	/s/ Richard H. Schumacher
     	Richard H. Schumacher
     	President and Treasurer

     	March 25, 1998

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/ George J. Solovic				                    March 25, 1998	
(George J. Solovic)	
Senior Vice President & Controller
Deutsche Floorplan Receivables, Inc.,
General Partner 

/s/ Richard C. Goldman 				                  March 27, 1998
(Richard C. Goldman)
Director
Deutsche Floorplan Receivables, Inc.,
General Partner

/s/ C. Don Brown					                        March 27, 1998
(C. Don Brown)			
Director
Deutsche Floorplan Receivables, Inc.,
General Partner

/s/ Phil Stout					                          March 27, 1998
(Phil Stout)			
Director
Deutsche Floorplan Receivables, Inc.,
General Partner


EXHIBIT INDEX

							                                          Incorporated by reference to	
Exhibit						                                    Exhibit in Registration 
Number		Title				                                Statement Number 333-10943


 2	     Plan of acquisition, reorganization,		
	       arrangement, liquidation or succession	          Not Applicable

 3     	Agreement of Limited Partnership of 			
	       Registrant						                                 Exhibit 3.1
		
 4	     Instruments defining the rights of
	       security holders, including indentures	          Exhibits 4.1 & 4.2

 9	     Voting trust agreements				                      Not Applicable

10	     Material Contracts				                           Exhibit 10.1

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		                 None
	       accountant

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
	       (i)  Accountants' Annual Report