March 29, 2002


Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549

Re:	2001 Annual Report on Form 10-K
	Distribution Financial Services Floorplan Master Trust
	Registration No. 033-70814-01

On behalf of Deutsche Floorplan Receivables, Inc., a Nevada corporation,
General Partner of Deutsche Floorplan Receivables, L.P., grantor of
Distribution Financial Services Floorplan Master Trust ("Registrant"), I
attach herewith for filing pursuant to the Securities Exchange Act of 1934,
the Registrant's Annual Report on Form 10-K for the fiscal year ended
December 31, 2001.

Please send either confirmation or suspense notification to e:mail address
pat.o-malley@db.com at your earliest convenience.

Sincerely,

/s/ Richard C. Goldman

<PAGE>

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

Commission File Number 033-70814-01

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, 2001

OR

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

DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST

State of Organization - New York

I.R.S. Employer Identification Number - 13-7031011

Principal Executive Offices

c\o Wilmington Trust Company
520 Madison Avenue - 33rd Floor
New York, NY 10022
Telephone Number:  (212) 415-0545

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 report
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 15, 2002 the Registrant was a Grantor Trust originated by
Deutsche Floorplan Receivables, L.P., which is controlled by 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. **
		7A.**
		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 (formerly Deutsche Floorplan Receivables Master Trust) is a
Grantor Trust created by Deutsche Floorplan Receivables, L.P., a limited
purpose partnership ("Partnership") formerly known as ITT Floorplan
Receivables, L.P.

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 as of December 31, 2001
the Trust had the following certificates outstanding:

Floating Rate Asset Backed Certificates, Series 2000-1 Class A aggregating
     $1,193,750,000.00
Floating Rate Asset Backed Certificates, Series 2000-1 Class B aggregating
     $37,500,000.00
Floating Rate Asset Backed Certificates, Series 2000-1 Class C aggregating
     $18,750,000.00
Floating Rate Asset Backed Certificates, Series 2000-2 Class A aggregating
     $477,500,000.00
Floating Rate Asset Backed Certificates, Series 2000-2 Class B aggregating
     $15,000,000.00
Floating Rate Asset Backed Certificates, Series 2000-2 Class C aggregating
     $7,500,000.00
Floating Rate Asset Backed Certificates, Series 2000-3 Class A aggregating
     $1,193,750,000.00
Floating Rate Asset Backed Certificates, Series 2000-3 Class B aggregating
     $37,500,000.00
Floating Rate Asset Backed Certificates, Series 2000-3 Class C aggregating
     $18,750,000.00

Total Outstanding = $3,000,000,000.00

PART IV

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
and Management's Assertion Letter with respect to all series of Certificates
issued and outstanding by Distribution Financial Services Floorplan Master
Trust.

(b) Reports on Form 8-K.

The Partnership has filed reports on Form 8-K for each month during 2001
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 2000-3, Class A Certificates, (ii) the Series 2000-
3, Class B Certificates, and (iii) the Series 2000-3, Class C Certificates,
and (iv) the Series 2000-4 Certificates, which are outstanding by
Distribution Financial Services Floorplan 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.

DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST

By:  	Deutsche Floorplan Receivables, L.P.

By:  	Deutsche Floorplan Receivables, Inc.
     	Its General Partner

By: 	/s/ W. Steven Culp
      Controller

     	March 29, 2002


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 29, 2002
Controller
Deutsche Floorplan Receivables, Inc.,
General Partner


/s/ Richard C. Goldman					March 29, 2002
Senior Vice President, Secretary
Director
Deutsche Floorplan Receivables, Inc.,
General Partner


/s/ C. Don Brown						March 29, 2002
Director
Deutsche Floorplan Receivables, Inc.,
General Partner


/s/ Phil Stout						March 29, 2002
Director
Deutsche Floorplan Receivables, Inc.,
General Partner

EXHIBIT INDEX

							Incorporated by reference to
Exhibit						Exhibit in Registration
Number		Title				Statement Number 033-70814

 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		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
	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

99	Additional Exhibits 					Filed Herewith
	   Independent Accountants' Report			as EX-1
	   Management's Assertion Letter

<PAGE>

EX-1

Independent Accountants' Report

Attestation on Management's Assertion About Compliance With the
Servicing Requirements of the Distribution Financial Services
Floorplan Master Trust Pooling and Servicing Agreement
and Series 2000-1, 2000-2, 2000-3, and 2000-4 Supplements

Distribution Financial Services Floorplan Master Trust

Deutsche Financial Services Corporation, as Servicer:

We have examined the accompanying assertion made by management of Deutsche
Financial Services Corporation about DFS's compliance, as servicer, with
the servicing requirements in Article III, Sections 3.1, 3.2, 3.4, 3.5,
3.6, and 3.9, and Article IV of the Pooling and Servicing Agreement for the
Distribution Financial Services Floorplan Master Trust dated as of
December 1, 1993, amended and restated as of April 1, 1994, amended as of
January 24, 1996, amended and restated as of October 1, 1996, and amended
and restated as of April 1, 2000 (the Agreement), and the applicable
provisions of the Series 2000-1 Supplement dated as of April 1, 2000, the
Series 2000-2 Supplement dated as of April 1, 2000, the Series 2000-3
Supplement dated as of July 1, 2000, and the Series 2000-4 Supplement dated
as of July 1, 2000 (the Supplements), among Deutsche Floorplan Receivables,
L.P., as seller; DFS, as servicer; and Wilmington Trust Company, as
Trustee, for the year ended December 31, 2001. DFS management is
responsible for the assertion. Our responsibility is to express an opinion
on management's assertion based on our examination.

Our examination was made in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about
management's assertion and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not
provide a legal determination on DFS's compliance with the specified
sections of the Agreement and the applicable provisions of the Supplements.

In our opinion, management's assertion that DFS was in compliance with the
aforementioned sections of the Agreement and the applicable provisions of
the Supplements for the year ended December 31, 2001 is fairly stated, in
all material respects.

/s/ KPMG LLP
St. Louis, Missouri
January 23, 2002


Management Report on Deutsche Financial Services Corporation Compliance, as
Servicer, with the Servicing Requirements of the Distribution Financial
Services Floorplan Master Trust Pooling and Servicing Agreement and
Series 2000-1, 2000-2, 2000-2, and 2000-4 Supplements

Management of Deutsche Financial Services Corporation (DFSC), a Servicer, is
responsible for compliance with the servicing requirements in Article III,
Sections 3.1, 3.2, 3.4, 3.5, 3.6, and 3.9, and Article IV of the Pooling and
Servicing Agreement for the Distribution Financial Services Floorplan Master
Trust dated as of December 1, 1993, amended and restated as of April 1, 1994,
amended as of January 24, 1996, amended and restated as of October 1, 1996,
amended and restated as of April 1, 2000, the Series 2000-2 Supplement dated
as of April 1, 2000, the Series 2000-3 Supplement dated as of July 1, 2000,
and the Series 2000-4 supplement dated as of July 1, 2000 (the Supplements),
among Deutsche Floorplan Receivables, L.P., as seller; DFSC as servicer; and
Wilmington Trust Company, as Trustee, for the year ended December 31, 2001.

Management has performed an evaluation of DFSC' compliance with the
aforementioned sections of the Agreement and the applicable provisions of the
supplements for the year ended December 31, 2001.  Based upon this
evaluation, management believes that, for the year ended December 31, 2001,
DFSC, as servicer, was in compliance with the aforementioned sections of the
Agreement and the applicable provisions of the Supplements in all material
respects.


/s/ Richard C. Goldman
Senior Vice President, Secretary and Chief Legal Officer
January 23, 2002


/s/ W. Steven Culp
Senior Vice President, Assistant Controller
January 23, 2002