SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

Commission File Number:  333-56303

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, 1999

OR

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

DISTRIBUTION FINANCIAL SERVICES MARINE TRUST 1999-2

State of Organization - New York

I.R.S. Employer Identification Number:  91-1904587

Principal Executive Offices
c\o Norwest Bank Minnesota, N.A.
Sixth and Marquette
Minneapolis, Minnesota 55479-0070
Telephone Number: 612-667-9378

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 15, 2000 the Registrant was a Trust originated by Deutsche
Recreational Asset Funding Corporation, 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 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.  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.*

As of December 31, 1999 the Marine Trust 1999-2 had $476,672,852.06 of such
Notes outstanding bearing the following identifications:

     Class A-1 Notes . . . . . . . . . . . . . $137,770,852.06
     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. . $476,672,852.06

PART IV

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

(a) Financial Statements.

The Registrant includes as exhibits hereto the Annual Accountant's 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 commencing May 1999 and ending December 1999 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 15, 2000

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
       	(i) Accountants' Annual Report, and      as EX-1
       (ii) Management's Report on Compliance