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, 2002

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 14, 2003 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. **
		14.***	Controls and Procedures

IV		15. *		Exhibits, Financial Statements, Schedules
	and Reports	on Form 8-K

	Signatures

	Certification

				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.

*** Disclosure not required of an Asset-Backed Issuer; per Item 307 of
Regulation S-K.

**** Disclosure not required of an Asset-Backed Issuer; per Item instruction.

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, 2002
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

Total Outstanding = $1,750,000,000.00

Item 14.

Controls and Procedures.***



PART IV

Item 15.

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 2002
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 2000-1 Class A,B & C Certificates, (ii) the Series
2000-2, Class A, B & C Certificates, all of which have been outstanding
during such reporting periods by Distribution Financial Services Floorplan
Master Trust.and(iii) the Series 2000-3, Class A, B & C Certificates, which
matured July 15, 2002.


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.

Item 16.

Principal Accountant Fees and Services.****

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 31, 2003


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 31, 2003
Controller
Deutsche Floorplan Receivables, Inc.,
General Partner


/s/Naran U. Burchinow					March 31, 2003
Vice President, Assistant Secretary
Deutsche Floorplan Receivables, Inc.,
General Partner


/s/Joshua C. Miller					March 31, 2003
Director
Deutsche Floorplan Receivables, Inc.,
General Partner


/s/Phil Stout						March 31, 2003
Director
Deutsche Floorplan Receivables, Inc.,
General Partner


Certification


I, W. Steven Culp, certify that:

1.	I have reviewed this annual report on form 10-K, and all reports on
Form 8-K containing distribution or servicing reports filed in respect of
periods including in the year covered by this annual report, of Distribution
Financial Services Floorplan Master Trust;

2.	Based on my knowledge, the information in these reports, taken as a
whole, does not contain any untrue statements of a material fact or omit to
state a material fact necessary to make statements made, in light of the
circumstances under which such statements were made, not misleading as of the
lst day of the period covered by this annual report;

3.	Based on my knowledge, the information required to be provided to the
trustee by the servicer under the pooling and servicing agreement is included
in these reports;

4.	I am responsible for reviewing the activities performed by the servicer
under the pooling and servicing agreement and based upon the review required
under the pooling and servicing agreement, and except as disclosed in the
report, the servicer has fulfilled its obligations under the pooling and
servicing agreement; and

5.	I have disclosed to the Registrant's certified public accountants all
significant deficiencies relating to the servicer's compliance with the
minimum servicing standards in accordance with a review conducted in
compliance with the standards as set forth in the pooling and servicing
agreement.

Date:  March 31, 2003


	/s/W. Steven Culp
	Controller



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

27	Financial Data Schedule					Not Applicable

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


GE Commercial Distribution Finance, as Servicer:

We have examined the accompanying assertion made by management on GE
Commercial Distribution Finance's (GECDF) 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;
GECDF, as servicer; and Wilmington Trust Company, as Trustee, for the year
ended December 31, 2002. Management is responsible for GECDF's compliance
with the aforementioned sections of the Agreement and the applicable
provisions of the Supplements. Our responsibility is to express an opinion on
management's assertion about GECDF's compliance based upon our examination.

Our examination was made in accordance with attestation standards established
by the American Institute of Certified Public Accountants and accordingly,
including examining, on a test basis, evidence about GECDF's compliance with
the aforementioned sections of the Agreement and the applicable provisions of
the Supplements, 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 GECDF's compliance with the specified sections of the
Agreement and the applicable provisions of the Supplements.

In our opinion, management's assertion that GECDF was in compliance with the
aforementioned sections of the Agreement and the applicable provisions of the
Supplements for the year ended December 31, 2002 is fairly stated, in all
material respects.


/s/ KPMG LLP
St. Louis, Missouri
March 14, 2003


Management's Assertion Letter

Management Report on GE Commercial Distribution Finance 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, 2000-3, and 2000-4 Supplements


Management of GE Commercial Distribution Finance (GECDF), as 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,
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; GECDF as servicer; and Wilmington Trust
Company, as Trustee, for the year ended ecember 31, 2002.

Management has performed an evaluation of GECDF's compliance with the
aforementioned sections of the Agreement and the applicable provisions of the
Supplements for the year ended December 31, 2002. Based upon this evaluation,
management believes that, for the year ended December 31, 2002, GECDF, as
servicer, was in compliance with the aforementioned sections of the Agreement
and the applicable provisions of the Supplements in all material respects.


/s/David A. Kaminsky
Chief Financial Officer
March 14, 2003

/s/W. Steven Culp
Senior Vice President, Finance
March 14, 2003



March 31, 2003


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

Re:	2002 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, 2002.

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

Sincerely,

Naran U. Burchinow