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SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549
 FORM 10-K
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.For the fiscal year ended   December 31, 2004ORo
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.For the transition period from  to .
 Commission file number     333-106332-02 DAIMLERCHRYSLER MASTER OWNER TRUST 
  State of Delaware
    
    26-6015118(State or other jurisdiction of incorporation
    
    (I. R. S. Employer Identification No.)or organization)
 500 Stanton Christiana Drive, Newark, Delaware
    
    19713(Address of principal executive offices)
    
    (Zip Code)
 Registrants telephone number, including area code (248) 427-2625 Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None Indicate by 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 of 1934 during the preceding 12 months (or for
such shorter period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.  Yes þ No o 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.  o Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of
the Act). Yes o     No þ State the aggregate market value of the voting and non-voting common equity held by non-affiliates
computed by reference to the price at which the common equity was last sold, or the average bid and
asked price of such common equity, as of the last business day of the registrants most recently
completed second fiscal quarter. None




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TABLE OF CONTENTS  PART IITEM 1. BUSINESSITEM 2. PROPERTIESITEM 3. LEGAL PROCEEDINGSITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSPART IIITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIESITEM 6. SELECTED FINANCIAL DATAITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSUREITEM 9A. CONTROLS AND PROCEDURESITEM 9B. OTHER INFORMATIONPART IIIITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTITEM 11. EXECUTIVE COMPENSATIONITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICAL OWNERS, MANAGEMENT AND RELATED STOCKHOLDER MATTERSITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONSITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICESPART IVITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULESSIGNATURESEXHIBIT INDEXConsent of KPMG LLPCertification Pursuant to Section 302Certification Pursuant to Section 906Annual Servicer's Certificate and Independent Accountant's ReportAnnual Issuer's Certificate    Table of Contents  
 PART I. 
 ITEM 1. BUSINESS DaimlerChrysler Master Owner Trust (the Trust) is a Delaware statutory trust governed pursuant to
the Amended and Restated Trust Agreement, dated as of December 16, 2004 (the Trust Agreement),
between DaimlerChrysler Wholesale Receivables LLC, a Delaware limited liability company (DCWR),
as beneficiary, and Chase Manhattan Bank USA, National Association, as owner trustee. The Trust was formed to issue Auto Dealer Loan Asset Backed Notes (the Notes) secured by the
assets of the Trust. The Trust does not have any officers, directors or employees. The Trusts
administrator is DaimlerChrysler Services North America LLC (DCS). The Notes are issued by the
Trust in series pursuant to the Amended and Restated Indenture, dated as of December 16, 2004 (the
Indenture), between the Trust and The Bank of New York, as indenture trustee, as supplemented by
indenture supplements for each series of Notes. The assets of the Trust currently securing the Notes consist primarily of wholesale receivables
(the Receivables) generated from time to time in a portfolio of revolving financing arrangements
(the Accounts) with various motor vehicle dealers to finance their automobile and light duty
truck inventory. More specifically, the assets of the Trust include, among other things, (a) the
Receivables existing in the Accounts at the close of business on November 30, 2004 (the Initial
Cut-Off Date), (b) all Receivables generated in the Accounts from time to time after the Initial
Cut-Off Date, as well as Receivables generated in any Accounts added to the Trust from time to
time, but excluding receivables in any Accounts that are removed from the Trust from time to time
after the Initial Cut-Off Date, (c) all funds collected or to be collected in respect of the
Receivables, (d) all funds on deposit in certain trust accounts of the Trust, (e) any other credit
or cash flow enhancement provided with respect to any particular series or class of Notes and (f) a
security interest in the related vehicles and any other collateral security. Prior to December 16, 2004, the Trust did not directly own the Receivables. Instead, the Trust
owned an investor certificate (the Collateral Certificate), which represented a fractional
undivided interest in the Receivables owned by the CARCO Auto Loan Master Trust (the CARCO
Trust). The Receivables as of the Initial Cut-Off Date were purchased by the CARCO Trust from
DCWR and were serviced by DCS pursuant to the Amended and Restated Pooling and Service Agreement,
dated as of December 5, 2001, as amended on November 14, 2003 (the Pooling and Servicing
Agreement), among DCWR, as seller, DCS, as servicer, and The Bank of New York, as trustee of the
CARCO Trust. The Trust used the distributions received in respect of the Collateral Certificate to
make payments on the Notes issued by the Trust, with each series of Notes being entitled only to
its proportionate share of the distributions received in respect of the Collateral Certificate.
The remaining interest in the CARCO Trust was represented by a certificate held by DCWR (the CARCO
Certificate). On December 16, 2004, the Trust transferred the Collateral Certificate to the CARCO Trust for
cancellation in accordance with the Pooling and Servicing Agreement in exchange for all of the
Receivables owned by the CARCO Trust as of the Initial Cut-Off Date and the CARCO Trust was
dissolved. The CARCO Certificate was transferred from DCWR to the CARCO Trust for cancellation in
accordance with the Pooling and Servicing Agreement. Since December 16, 2004, The Trust has been using the amounts collected in respect of the
Receivables to make payments on the Notes. The remaining interest in the assets of the Trust not
otherwise allocable for the payment of security of the Notes is referred to as the Sellers
Interest and is owned by DCWR. Pursuant to the Sale and Servicing Agreement, dated as of December
16, 2004 (the Sale and Servicing Agreement), among DCWR, as seller, DCS, as servicer, and the
Trust, DCWR is selling the Receivables to the Trust, and DCS is servicing the Receivables. The Receivables sold by DCWR to the Trust were purchased by DCWR from DCS pursuant to the Second
Amended and Restated Receivables Purchase Agreement, dated as of December 16, 2004 (the
Receivables Purchase Agreement), between DCS, as seller, and DCWR, as buyer. The Securities and Exchange Commission maintains an Internet site that contains reports, proxy and
information statements, and other information regarding issuers that file electronically with the
SEC. The address of the SEC Internet site is http://www.sec.gov. 2




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ITEM 1. BUSINESS(continued) The Internet address for obtaining free of charge the Trusts annual report on Form 10-K and
current reports on Form 8-K and amendments (if any) filed or furnished pursuant to Section 13(a) or
15(d) of the Exchange Act (as soon as reasonably practicable after such material is electronically
filed with the SEC) is http://investor.chryslerfinancial.com. 
 ITEM 2. PROPERTIES There is nothing to report with regard to this item. 
 ITEM 3. LEGAL PROCEEDINGS There is nothing to report with regard to this item. 
 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS There is nothing to report with regard to this item. 
 PART II. 
  ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES There is nothing to report with regard to this item. 
 ITEM 6. SELECTED FINANCIAL DATA The selected financial data has been omitted since the required information is included in the
financial statements or the notes thereto. 
 ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS The following Notes evidencing undivided interests in certain assets of the Trust have been issued
by the Trust during the period from inception through December 31, 2004: Issue Date
    
    Series DescriptionMaturity Date
    
    Principal AmountJune 2002
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2002-AMay 2007
    
    $2.0 billionNovember 2002
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2002-BNovember 2007
    
    $1.0 billionMarch 2003
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2003-AFebruary 2008
    
    $1.5 billionJanuary 2004
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2004-AJanuary 2009
    
    $1.0 billionAugust 2004
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2004-BAugust 2009
    
    $1.0 billion
 3




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ITEM
7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS(continued) DaimlerChrysler Master Owner Trust (the Trust) is a Delaware statutory trust governed pursuant to
the Amended and Restated Trust Agreement, dated as of December 16, 2004 (the Trust Agreement),
between DaimlerChrysler Wholesale Receivables LLC, a Delaware limited liability company (DCWR),
as beneficiary, and Chase Manhattan Bank USA, National Association, as owner trustee. The Trust was formed to issue Auto Dealer Loan Asset Backed Notes (the Notes) secured by the
assets of the Trust. The Trust does not have any officers, directors or employees. The Trusts
administrator is DaimlerChrysler Services North America LLC (DCS). The Notes are issued by the
Trust in series pursuant to the Amended and Restated Indenture, dated as of December 16, 2004 (the
Indenture), between the Trust and The Bank of New York, as indenture trustee, as supplemented by
indenture supplements for each series of Notes. The assets of the Trust currently securing the Notes consist primarily of wholesale receivables
(the Receivables) generated from time to time in a portfolio of revolving financing arrangements
(the Accounts) with various motor vehicle dealers to finance their automobile and light duty
truck inventory. More specifically, the assets of the Trust include, among other things, (a) the
Receivables existing in the Accounts at the close of business on November 30, 2004 (the Initial
Cut-Off Date), (b) all Receivables generated in the Accounts from time to time after the Initial
Cut-Off Date, as well as Receivables generated in any Accounts added to the Trust form time to
time, but excluding receivables in any Accounts that are removed from the Trust from time to time
after the Initial Cut-Off Date, (c) all funds collected or to be collected in respect of the
Receivables, (d) all funds on deposit in certain trust accounts of the Trust, (e) any other credit
or cash flow enhancement provided with respect to any particular series or class of Notes and (f) a
security interest in the related vehicles and any other collateral security. Prior to December 16, 2004, the Trust did not directly own the Receivables. Instead, the Trust
owned an investor certificate (the Collateral Certificate), which represented a fractional
undivided interest in the Receivables owned by the CARCO Auto Loan Master Trust (the CARCO
Trust). The Receivables as of the Initial Cut-Off Date were purchased by the CARCO Trust from
DCWR and were serviced by DCS pursuant to the Amended and Restated Pooling and Servicing Agreement,
dated as of December 5, 2001, as amended on November 14, 2003 (the Pooling and Servicing
Agreement), among DCWR, as seller, DCS, as servicer, and The Bank of New York, as trustee of the
CARCO Trust. The Trust used the distributions received in respect of the Collateral Certificate to
make payments on the Notes issued by the Trust, with each series of Notes being entitled only to
its proportionate share of the distributions received in respect of the Collateral Certificate.
The remaining interest in the CARCO Trust was represented by a certificate held by DCWR (the CARCO
Certificate). On December 16, 2004, the Trust transferred the Collateral Certificate to the CARCO Trust for
cancellation in accordance with the Pooling and Servicing Agreement in exchange for all of the
Receivables owned by the CARCO Trust as of the Initial Cut-Off Date and the CARCO Trust was
dissolved. The CARCO Certificate was transferred from DCWR to the CARCO Trust for cancellation in
accordance with the Pooling and Servicing Agreement. Since December 16, 2004, the Trust has been using the amounts collected in respect of the
Receivables to make payments on the Notes. The remaining interest in the assets of the Trust not
otherwise allocable for the payment of security of the Notes is referred to as the Sellers
Interest and is owned by DCWR. Pursuant to the Sale and Servicing Agreement, dated as of December
16, 2004 (the Sale and Servicing Agreement), among DCWR, as seller, DCS, as servicer, and the
Trust, DCWR is selling the Receivables to the Trust, and DCS is servicing the Receivables. The Receivables sold by DCWR to the Trust were purchased by DCWR from DCS pursuant to the Second
Amended and Restated Receivables Purchase Agreement, dated as of December 16, 2004 (the
Receivables Purchase Agreement), between DCS, as seller, and DCWR, as buyer. DCS services the Receivables included in the Trust for an annual fee of 1% of the outstanding
required receivable balance which consists of the outstanding principal amounts of the Notes plus
the required overcollateralization amounts of the Notes. 4




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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK There is nothing to report with regard to this item. 5




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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA DAIMLERCHRYSLER MASTER OWNER TRUST
STATEMENTS OF ASSETS, LIABILITIES AND EQUITY
ARISING FROM CASH TRANSACTIONS
(in millions of dollars) December 31,2004
    
    
    2003ASSETSCash and Cash Equivalents
    
    $
    10.8
    
    
    $
    Collateral Certificate (Note 2)
    
    
    
    
    
    
    4,949.7Receivables (Note 2)
    
    
    12,096.0
    
    
    
    Excess Receivables Cash Flows (Note 3)
    
    
    
    
    
    
    2,763.9TOTAL ASSETS
    
    $
    12,106.8
    
    
    $
    7,713.6LIABILITIES AND EQUITYAsset Backed Notes (Notes 5 and 6)
    
    $
    6,500.0
    
    
    $
    4,500.0Sellers Subordinated Interest (Note 6)
    
    
    
    
    
    
    3,213.6Sellers Interest (Note 6)
    
    
    5,606.8
    
    
    
    TOTAL LIABILITIES AND EQUITY
    
    $
    12,106.8
    
    
    $
    7,713.6
 See Notes to Financial Statements 6




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ITEM 8. FINANCIAL
STATEMENTS AND SUPPLEMENTARY DATA(continued) DAIMLERCHRYSLER MASTER OWNER TRUST
STATEMENTS OF CASH RECEIPTS AND DISBURSEMENTS
Years Ended December 31, 2004 and 2003, and for the period June 1, 2002 (inception) through December 31, 2002
(in millions of dollars) 2004
    
    
    2003
    
    
    2002CASH RECEIPTSProceeds from Sales of Asset Backed Notes
    
    $
    2,000.0
    
    
    $
    1,500.0
    
    
    $
    3,000.0Collections of Interest
    
    
    480.9
    
    
    
    288.5
    
    
    
    80.0TOTAL CASH RECEIPTS
    
    
    2,480.9
    
    
    
    1,788.5
    
    
    
    3,080.0CASH DISBURSEMENTSPurchases of Collateral Certificate held by DCWR
    
    
    2,000.0
    
    
    
    1,500.0
    
    
    
    3,000.0Distributions of Interest
    
    
    84.4
    
    
    
    53.9
    
    
    
    19.6Distributions of Residual Cash Flows to DCWR
    
    
    322.5
    
    
    
    189.3
    
    
    
    48.4Distribution of Servicer Fees
    
    
    63.2
    
    
    
    45.3
    
    
    
    12.0TOTAL CASH DISBURSEMENTS
    
    
    2,470.1
    
    
    
    1,788.5
    
    
    
    3,080.0CASH RECEIPTS IN EXCESS OF CASH DISBURSEMENTS
    
    
    10.8
    
    
    
    0.0
    
    
    
    0.0CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
    
    
    0.0
    
    
    
    0.0
    
    
    
    0.0CASH AND CASH EQUIVALENTS AT END OF YEAR
    
    $
    10.8
    
    
    $
    0.0
    
    
    $
    0.0
 See Notes to Financial Statements 7




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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA(continued) DAIMLERCHRYSLER MASTER OWNER TRUST
NOTES TO FINANCIAL STATEMENTS NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting The financial statements of DaimlerChrysler Master Owner Trust (the Trust) are prepared on the
basis of cash receipts and disbursements, which is a comprehensive basis of accounting other than
the accounting principles generally accepted in the United States of America. The financial
statements include receipts and disbursements that are settled by the Trust through the final
payment date prior to the balance sheet date (the Final Payment Date) and cash
receipts received by the Trust through the balance sheet date for settlement and disbursement on
the first payment date following the balance sheet date. The primary differences from the accrual basis to the cash basis are that the financial statements
do not record provisions for credit losses on the Receivables, accrued interest on the Receivables
and Collateral Certificate, or accrued interest payable on the Notes from the Final Payment Date to
the balance sheet date. Monthly Settlement Disbursements owed by the Trust in respect of the Notes and amounts collected in respect of the
Receivables to make payments on the Notes are settled by the Trust on a cash basis on each payment
date. Disbursements owed by the Trust in respect of the Sellers Interest and amounts collected in
respect of the Receivables in excess of required payments on the Notes are settled on a net basis
between the Trust and DCWR on each payment date. Servicing DaimlerChrysler Services North America LLC (DCS) services the receivables arising from a
portfolio of automobile dealer revolving floorplan financing agreements (the Receivables)
included in the Trust for an annual fee of 1% of the outstanding required receivable balance which
consists of the outstanding principal amounts of the Notes plus the required overcollateralization
amounts of the Notes. NOTE 2  PRIMARY ASSETS OF TRUST Subsequent to December 16, 2004, primary assets of the Trust include wholesale receivables (the
Receivables) generated from time to time in a portfolio of revolving financing arrangements (the
Accounts) with automobile dealers to finance their automobile and light duty truck inventory.
More specifically, the assets of the Trust include (a) certain Receivables existing under the
accounts at the close of business on November 30, 2004 (the Initial Cut-Off Date), certain
Receivables generated under the Accounts from time to time thereafter during the term of the Trust
as well as certain Receivables generated under any Accounts added to the Trust from time to time
(but excluding Receivables generated in any Accounts removed from time to time after the Initial
Cut-Off Date), (b) all funds collected or to be collected in respect of such Receivables, (c) all
funds on deposit in certain accounts of the Trust, (d) any Enhancement issued with respect to a
series of bonds issued by the Trust (each such series, a Series) and (e) a security interest in
certain motor vehicles (the Vehicles) and certain parts inventory, equipment, fixtures, service
accounts and, in some cases, realty and/or a personal guarantee (collectively, the Collateral
Security) securing the Receivables. The term Enhancement shall mean, with respect to any
Series, any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate
agreement, maturity liquidity facility, tax protection agreement, interest rate swap agreement or
other similar arrangement for the benefit of noteholders of such Series. Prior to December 16, 2004, the primary assets of the Trust included a Collateral Certificate
issued to CARCO Auto Loan Master Trust (CARCO) and transferred to the Trust by DaimlerChrysler
Wholesale Receivables LLC (DCWR), as well as distributions of the Collateral Certificate. 8




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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA(continued) NOTE 3  EXCESS RECEIVABLES CASH FLOWS Prior to December 16, 2004, the Excess Receivables Cash Flows represented DCMOTs rights to a
proportionate share of allocable cash flows from the Receivables. NOTE 4  RELATED PARTIES DCWR is owned 1% by Chrysler Auto Receivables Company and 99% by Chrysler Financial Receivables
Corporation (CFRC). Chrysler Auto Receivables Company and CFRC are wholly owned subsidiaries of
DCS. NOTE 5  SALES OF NOTES The following Notes secured by certain assets of the Trust have been issued by the Trust during the
period from inception through December 31, 2004: Issue
    
    
    
    
    Principal AmountDate
    
    
    Series Description
    
    (in millions)6/02
    
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2002-A
    
    $
    2,000.011/02
    
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2002-B
    
    $
    1,000.03/03
    
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2003-A
    
    $
    1,500.01/04
    
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2004-A
    
    $
    1,000.08/04
    
    
    Floating Rate Auto Dealer Loan Asset Backed Notes, Series 2004-B
    
    $
    1,000.0
 NOTE 6  PRINCIPAL AND INTEREST PAYMENTS Series
    
    Interest Rate
    
    Interest Payments
    
    Principal Payments
    
    Maturity Date (1)02-A
    
    LIBOR + 0.06%
    
    Monthly
    
    
    
    05/200702-B
    
    LIBOR + 0.035%
    
    Monthly
    
    
    
    11/200703-A
    
    LIBOR + 0.05%
    
    Monthly
    
    
    
    02/200804-A
    
    LIBOR + 0.025%
    
    Monthly
    
    
    
    01/200904-B
    
    LIBOR + 0.01%
    
    Monthly
    
    
    
    08/2009
   (1)
    
    The date listed is the Payment Date on which the principal of the Notes is expected to be
paid, however, the principal of the Notes may be paid earlier under certain circumstances
described in the prospectus. Receivables in excess of the total investors Notes outstanding at December 31, 2004 are
represented by the Sellers Interest which consists of required overcollateralization and Excess
Interest Due Seller. These balances were $.6 billion and $5.0 billion as of December 31, 2004. Certificates in excess of total investors Notes outstanding at December 31, 2003 are represented
by the Sellers Subordinated Interest which consists of required overcollateralization and Excess
Receivables Cash Flows. These balances were $.4 billion, and $2.8 billion as of December 31, 2003,
respectively. 9




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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA(continued) NOTE 7  FEDERAL INCOME TAXES In the opinion of outside legal counsel, for federal income tax purposes, the Notes will be
characterized as debt, and the Trust will not be characterized as an association (or a publicly
traded partnership) taxable as a corporation. Therefore no provision for federal income tax
has been recorded. NOTE 8  FAIR VALUE OF FINANCIAL INSTRUMENTS Financial Instruments The estimated fair values of financial instruments have been determined using available market
information and valuation methodologies as described below. However, considerable judgment is
required in interpreting market data to develop the estimates of fair value. Accordingly, the
estimates presented herein are not necessarily indicative of the amounts that could be
realized in a current market exchange. The use of different market assumptions or valuation
methodologies may have a material effect on the estimated fair value amounts. The carrying amounts and estimated fair values of the Trusts financial instruments were as follows
(in millions of dollars): December 31, 2004
    
    
    December 31, 2003Carrying
    
    
    Fair
    
    
    Carrying
    
    
    FairAmounts
    
    
    Value
    
    
    Amounts
    
    
    ValueCash and Cash Equivalents
    

    $
    10.8
    
    
    $
    10.8
    
    
    
    
    
    
    
    Collateral Certificate
    
    
    
    
    
    
    
    
    
    $
    4,949.7
    
    
    $
    4,949.7Receivables
    
    $
    12,096.0
    
    
    $
    12.096.0
    
    
    
    
    
    
    
    Excess Receivables Cash Flows
    
    
    
    
    
    
    
    
    
    $
    2,763.9
    
    
    $
    2,763.9Asset Backed Notes
    
    $
    6,500.0
    
    
    $
    6,500.0
    
    
    $
    4,500.0
    
    
    $
    4,500.0Sellers Subordinated Interest
    
    
    
    
    
    
    
    
    
    $
    3,213.6
    
    
    $
    3,237.9Sellers Interest
    
    $
    5,606.8
    
    
    $
    5,628.0
    
    
    
    
    
    
    
    
 Assumptions and Methodologies The carrying value of cash and cash equivalents approximates fair value due to the short maturity
of these instruments. The carrying value of the Receivables, Collateral Certificate, and Excess Receivables Cash Flows
was assumed to approximate fair value since the underlying variable rate receivables are priced at
current market rates. The fair value of Asset Backed Notes was estimated using carrying value given the variable rate
nature of the Notes. The fair value of Sellers Subordinated Interest and Sellers Interest was estimated using
discounted expected future cash flows. 10




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Report of Independent Registered Public Accounting Firm  The Manager and Member
DaimlerChrysler Services North America LLC: We have audited the accompanying statements of assets, liabilities and equity arising from cash
transactions of DaimlerChrysler Master Owner Trust (the Trust) as of December 31, 2004 and 2003,
and the related statements of cash receipts and disbursements for the years ended December 31, 2004
and 2003, and the period June 1, 2002 (inception) through December 31, 2002. These financial
statements are the responsibility of the management of DaimlerChrysler Services North America LLC,
servicer of the Trust. Our responsibility is to express an opinion on these financial statements
based on our audits. We conducted our audits in accordance with the auditing standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes consideration of internal control over financial reporting as a
basis for designing audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the Trusts internal control over
financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion. As described in Note 1, these financial statements were prepared on the basis of cash receipts and
disbursements, which is a comprehensive basis of accounting other than generally accepted
accounting principles. In our opinion, the financial statements referred to above present fairly, in all material
respects, the assets, liabilities and equity arising from cash transactions of DaimlerChrysler
Master Owner Trust as of December 31, 2004 and 2003, and its cash receipts and disbursements for
the years ended December 31, 2004 and 2003, and the period June 1, 2002 (inception) through
December 31, 2002, on the basis of accounting described in Note 1. /s/ KPMG LLP March 24, 2005 11




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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE There is nothing to report with regard to this item. 
 ITEM 9A. CONTROLS AND PROCEDURES Registrant is an Asset Backed Issuer and is not required to disclose the information required by
this item. 
 ITEM 9B. OTHER INFORMATION There is nothing to report with regard to this item. 
 PART III. 
 ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT There is nothing to report with regard to this item. 
 ITEM 11. EXECUTIVE COMPENSATION There is nothing to report with regard to this item. 
  ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, MANAGEMENT AND RELATED
STOCKHOLDER MATTERS There is nothing to report with regard to this item. 
 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS There is nothing to report with regard to this item. 
 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES Registrant is an Asset Backed Issuer and is not required to disclose the information required by
this item. 
 PART IV. 
 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES  (a)
    The following documents are filed as a part of this report:1.
    Financial StatementsFinancial statements for DaimlerChrysler Master Owner Trust as follows:Statements of Assets, Liabilities and Equity Arising from Cash Transactions  December 31, 2004
and 2003 (page 6 of this report)Statements of Cash Receipts and Disbursements for the years ended December 31, 2004, and 2003,
and for the period June 1, 2002 (inception) through December 31, 2002 (page 7 of this report) 12




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ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES(continued)  Notes to Financial Statements (pages 8  10 of this report)Report of Independent Registered Public Accounting Firm (page 11 of this report)2.
    Financial Statement SchedulesAll financial statement schedules have been omitted because the information to be provided
therein is included in the financial statements or the notes thereto.3.
    ExhibitsThe following exhibits are filed as a part of this report: ExhibitNumber
    
    Description of Exhibit3  A
    
    Certificate of Trust of DaimlerChrysler Master Owner Trust dated
June 6, 2002. Filed as Exhibit 3-A to the Trusts Annual Report on
Form 10-K for the year ended December 31, 2002, and incorporated
herein by reference.4  A
    
    Sale and Servicing Agreement, dated as of December 16, 2004, among
DaimlerChrysler Wholesale Receivables LLC, DaimlerChrysler Services
North America LLC and DaimlerChrysler Master Owner Trust. Filed as
Exhibit 99.2 to the Trusts Current Report on Form 8-K dated
December 16, 2004, and incorporated herein by reference.4  B
    
    Amended and Restated Trust Agreement, dated as of December 16, 2004,
between DaimlerChrysler Wholesale Receivables LLC and Chase
Manhattan Bank USA, National Association, as Owner Trustee. Filed
as Exhibit 4.1 to the Trusts Current Report on Form 8-K dated
December 16, 2004, and incorporated herein by reference.4  C
    
    Amended and Restated Indenture, dated as of December 16, 2004,
between DaimlerChrysler Master Owner Trust and The Bank of New York,
as Indenture Trustee. Filed as Exhibit 4.2 to the Trusts Current
Report on Form 8-K dated December 16, 2004, and incorporated herein
by reference.4  D
    
    Amended and Restated Series 2002-A Indenture Supplement, dated as of
December 16, 2004, to the Amended and Restated Indenture dated as of
December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.3 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.4  E
    
    Amended and Restated Series 2002-B Indenture Supplement, dated as of
December 16, 2004, to the Amended and Restated Indenture dated as of
December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.4 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.
 13




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##### Table of Contents



ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES(continued) ExhibitNumber
    
    Description of Exhibit4  F
    
    
    Amended and Restated Series 2003-A Indenture Supplement, dated as of December 16, 2004, to the Amended
and Restated Indenture dated as of December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.5 to the Trusts Current Report on
Form 8-K dated December 16, 2004, and incorporated herein by reference.4  G
    
    
    Amended and Restated Series 2004-A Indenture Supplement, dated as of December 16, 2004, to the Amended
and Restated Indenture, dated as of December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.6 to the Trusts Current Report on
Form 8-K dated December 16, 2004, and incorporated herein by reference.4  H
    
    
    Amended and Restated Series 2004-B Indenture Supplement, dated as of December 16, 2004, to the Amended
and Restated Indenture, dated as of December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.7 to the Trusts Current Report on
Form 8-K dated December 16, 2004, and incorporated herein by reference.4  I
    
    
    Amended and Restated Administration Agreement, dated as of December 16, 2004, among DaimlerChrysler
Services North America LLC, DaimlerChrysler Master Owner Trust and The Bank of New York, as Indenture
Trustee. Filed as Exhibit 99.3 to the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.4  J
    
    
    Second Amended and Restated Purchase Agreement, dated as of December 16, 2004, between DaimlerChrysler
Wholesale Receivables LLC and DaimlerChrysler Services North America LLC. Filed as Exhibit 99.4 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and incorporated herein by reference.4  K
    
    
    Program Amendment Agreement, dated as of December 16, 2004, among DaimlerChrysler Services North
America LLC, DaimlerChrysler Wholesale Receivables LLC, DaimlerChrysler Master Owner Trust, Chase
Manhattan Bank USA, National Association and The Bank of New York. Filed as Exhibit 99.1 to the
Trusts Current Report on Form 8-K dated December 16, 2004, and incorporated herein by reference.23
    
    
    Consent of KPMG LLP.31
    
    
    Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Subsections (a) and (b) of
Section 1350, Chapter 63 of Title 18, United States Code).32
    
    
    Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Subsections (a) and (b) of
Section 1350, Chapter 63 of Title 18, United States Code).99.1
    
    
    DaimlerChrysler Master Owner Trust Annual Servicers Certificate and Independent Accountants Report.99.2
    
    
    DaimlerChrysler Master Owner Trust Annual Issuers Certificate.
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ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES(continued) (b) See item 15(a) above. (c) Not applicable. 15




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DAIMLERCHRYSLER MASTER OWNER TRUST 
 SIGNATURES Pursuant to the requirements 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. DaimlerChrysler Master Owner Trust (Registrant)By:
    
    DaimlerChrysler Services North America LLC, as ServicerDate: March 24, 2005
    
    By:
    
    /s/ Paul E. KnaussPaul E. Knauss, Vice President and Chief Financial Officer
 Supplemental Information to be furnished with reports filed pursuant to Section 15(d) of
the Act by registrants which have not registered securities pursuant to Section 12 of the
Act. No annual report or proxy material has been sent to security holders. 16




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DAIMLERCHRYSLER MASTER OWNER TRUST 
 EXHIBIT INDEX ExhibitNumber
    
    Description of Exhibit3  A
    
    Certificate of Trust of DaimlerChrysler Master Owner Trust dated
June 6, 2002. Filed as Exhibit 3-A to the Trusts Annual Report on
Form 10-K for the year ended December 31, 2002, and incorporated
herein by reference.4  A
    
    Sale and Servicing Agreement, dated as of December 16, 2004, among
DaimlerChrysler Wholesale Receivables LLC, DaimlerChrysler Services
North America LLC and DaimlerChrysler Master Owner Trust. Filed as
Exhibit 99.2 to the Trusts Current Report on Form 8-K dated
December 16, 2004, and incorporated herein by reference.4  B
    
    Amended and Restated Trust Agreement, dated as of December 16, 2004,
between DaimlerChrysler Wholesale Receivables LLC and Chase
Manhattan Bank USA, National Association, as Owner Trustee. Filed
as Exhibit 4.1 to the Trusts Current Report on Form 8-K dated
December 16, 2004, and incorporated herein by reference.4  C
    
    Amended and Restated Indenture, dated as of December 16, 2004,
between DaimlerChrysler Master Owner Trust and The Bank of New York,
as Indenture Trustee. Filed as Exhibit 4.2 to the Trusts Current
Report on Form 8-K dated December 16, 2004, and incorporated herein
by reference.4  D
    
    Amended and Restated Series 2002-A Indenture Supplement, dated as of
December 16, 2004, to the Amended and Restated Indenture dated as of
December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.3 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.4  E
    
    Amended and Restated Series 2002-B Indenture Supplement, dated as of
December 16, 2004, to the Amended and Restated Indenture dated as of
December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.4 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.4  F
    
    Amended and Restated Series 2003-A Indenture Supplement, dated as of
December 16, 2004, to the Amended and Restated Indenture dated as of
December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.5 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.4  G
    
    Amended and Restated Series 2004-A Indenture Supplement, dated as of
December 16, 2004, to the Amended and Restated Indenture, dated as
of December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.6 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.
 17




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EXHIBIT INDEX (continued) ExhibitNumber
    
    Description of Exhibit4  H
    
    
    Amended and Restated Series 2004-B Indenture Supplement, dated as of
December 16, 2004, to the Amended and Restated Indenture, dated as
of December 16, 2004, between DaimlerChrysler Master Owner Trust and
The Bank of New York, as Indenture Trustee. Filed as Exhibit 4.7 to
the Trusts Current Report on Form 8-K dated December 16, 2004, and
incorporated herein by reference.4  I
    
    
    Amended and Restated Administration Agreement, dated as of December
16, 2004, among DaimlerChrysler Services North America LLC,
DaimlerChrysler Master Owner Trust and The Bank of New York, as
Indenture Trustee. Filed as Exhibit 99.3 to the Trusts Current
Report on Form 8-K dated December 16, 2004, and incorporated herein
by reference.4  J
    
    
    Second Amended and Restated Purchase Agreement, dated as of December
16, 2004, between DaimlerChrysler Wholesale Receivables LLC and
DaimlerChrysler Services North America LLC. Filed as Exhibit 99.4
to the Trusts Current Report on Form 8-K dated December 16, 2004,
and incorporated herein by reference.4  K
    
    
    Program Amendment Agreement, dated as of December 16, 2004, among
DaimlerChrysler Services North America LLC, DaimlerChrysler
Wholesale Receivables LLC, DaimlerChrysler Master Owner Trust, Chase
Manhattan Bank USA, National Association and The Bank of New York.
Filed as Exhibit 99.1 to the Trusts Current Report on Form 8-K
dated December 16, 2004, and incorporated herein by reference.23
    
    
    Consent of KPMG LLP.31
    
    
    Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of
2002 (Subsections (a) and (b) of Section 1350, Chapter 63 of Title
18, United States Code).32
    
    
    Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of
2002 (Subsections (a) and (b) of Section 1350, Chapter 63 of Title
18, United States Code).99.1
    
    
    DaimlerChrysler Master Owner Trust Annual Servicers Certificate
and Independent Accountants Report.99.2
    
    
    DaimlerChrysler Master Owner Trust Annual Issuers Certificate.
 18