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                    SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549
                  Commission File Number:  333-56303-04

                             -------------------

                                   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, 2004

                                      OR

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

              DISTRIBUTION FINANCIAL SERVICES RV/MARINE TRUST 2001-1

State of Organization - New York                         91-1904587
                                         (I.R.S. Employer Identification Number)

                        (Principal Executive Offices)
                         c\o Wells Fargo Bank, N.A.
                       Sixth and Marquette - N9311-161MAC
                        Minneapolis, Minnesota 55479
                       Telephone Number:  (612) 667-8058

                              ---------------------

          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 of
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 the 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]

     Indicate by check mark whether the Registrant is an accelerated filer
(as defined in Rule 12b-2 of the Act). Yes [ ] No [X].

     As of March 14, 2005, the Registrant was a Trust originated by ETCF Asset
Funding Corporation (formerly Deutsche Recreational Asset Funding Corporation),
a Nevada corporation.

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<TABLE>
<CAPTION>
                                TABLE OF CONTENTS

PART             ITEM                                                  PAGE
----             ----                                                  ----
<S>              <C>                                                    <C>
  I               1.      Business                                       1
                  2. **
                  3. *    Legal Proceedings                              1
                  4. *    Submission of Matters to a Vote of
                          Security Holders                               1

 II               5. *    Market for Registrant's Common Equity,
                          Related Shareholder Matters and Issuer
                          Purchases of Equity Securities                 1

                  6. **
                  7. **
                  7A.**
                  8. **
                  9. **
                  9A.**    Controls and Procedures                       1
                  9B.**

 III              10.**
                  11.**
                  12.**
                  13.**
                  14.**   Principal Accountant Fees and Services         1

 IV               15. *   Exhibits and Financial Statement Schedules     2

                          Signatures                                     3

                          Exhibit Index                                  4

</TABLE>

------------------

* 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.

                                          (i)

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                                PART I

Item 1. Business.


     The Registrant is a common law trust created under the laws of the State of
New York created by ETFC Asset Funding Corporation, a Nevada corporation
("ETAFC"), formerly Deutsche Recreational Asset Funding Corporation.  The
Registrant was formed for limited purposes, which include the purchase of
receivables, including recreational vehicle installment sales contracts or
installment loans originated by E*TRADE Consumer Finance Corporation ("ETCF"),
Nevada corporation, or acquired by ETCF from time-to-time in financing
arrangements among ETCF and or/its affiliates, including ETAFC, with certain
dealers to finance recreational vehicle and marine sales and any activities
incidental to and necessary or convenient for the accomplishment of such
purposes.  ETCF is a subsidiary of E*TRADE Bank, whose ultimate parent Company
is E*TRADE Financial Corporation.

     In accordance with its stated business purposes, the Registrant,
Distribution Financial Services RV/Marine Trust 2001-1, ("RV/Marine Trust
2001-1"), as Issuer, entered into a Transfer and Servicing Agreement, dated as
of November 1, 2001, with ETAFC, as Depositor, and ETCF, as Servicer.  To
facilitate the issuance of notes, ETAFC, as Depositor, and Wells Fargo Bank,
National Association, as Owner Trustee, entered into a Trust Agreement, amended
and restated as of November 1, 2001.  In addition, as of November 1, 2001, the
RV/Marine Trust 2001-1, as Issuer, entered into an Indenture with HSBC Bank USA,
as Indenture Trustee.  The RV/Marine Trust 2001-1 assets consist primarily of
receivables, which include recreational vehicle and marine installment sales
contracts or installment loans originated by ETCF or acquired by ETCF from
time-to-time in financing arrangements among ETCF and/or its affiliates with
certain dealers to finance recreational vehicle and marine sales.  The RV/Marine
Trust 2001-1 has issued various classes of notes secured by the assets contained
in RV/Marine Trust 2001-1.

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, Related Shareholder Matters and
issuer Purchases of Equity Securities.*

        As of December 31, 2004, the RV/Marine Trust 2001-1 had $153,412,251 of
such Notes outstanding bearing the following identifications:
<TABLE>
<CAPTION>

               Class                                             Amount
            --------------------------------------------------------------
            <S>                                               <C>
            Class A-4 Notes                                   $ 38,712,251
            Class A-5 Notes                                     72,350,000
            Class B Notes                                       19,830,000
            Class C Notes                                        9,270,000
            Class D Notes                                       13,250,000
            --------------------------------------------------------------
              Total RV/Marine Trust 2001-1 Notes Outstanding  $153,412,251
            ==============================================================

</TABLE>

Item 9A. Controls and Procedures.**

	Not Applicable to Asset-Backed Issuers


Item 14. Principal Accountant Fees and Services.**

	Not Applicable to Asset-Backed Issuers

                                         -1-

<PAGE>

                                PART IV

Item 15. Exhibits and Financial Statement Schedules.*

(a) Financial Statements.

     The Registrant includes as exhibits hereto the Report of Independent
Registered Public Accounting Firm on compliance with the minimum servicing
standards identified in the Mortgage Bankers Association of America's Uniform
Single Attestation Program for Mortgage Brokers with respect to the Notes
issued and outstanding by Distribution Financial Services RV/Marine Trust
2001-1.



                                         -2-

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                                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 RV/MARINE TRUST 2001-1

                By: Wells Fargo, National Association.
                    Not in its individual capacity but solely as Owner Trustee

                By: /s/ Sue Dignan
                    --------------
                    Assistant Vice President


March 14, 2005


                                         -3-

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                                EXHIBIT INDEX

                                                   Incorporated by Reference To
Exhibit No.     Title                              Registration Number 333-56303
-----------     -----                              -----------------------------
<S>             <C>                                         <C>
 2              Plan of acquisition, reorganization,
                arrangement, liquidation or succession      Not Applicable

 3              Articles of Incorporation and By Laws       Exhibits 3.1, 3.2

 4              Instruments defining the rights of
                security holders, including indentures      Exhibit 4.1

 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


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