Distribution Financial Services MarineTrust 1999-2
June 15, 2000 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement

                            
Beginning Pool Balance         443,863,530.11
Beginning Pool Factor              1.00000000

Distribution Allocable to Principal on Notes

                            Prior                           Current
          Class          Prin. Pymts. $1000 orig.prin.bal. Prin. Pymt. $1000 orig.prin.bal.
                                                                   
          A-1                $0.00           0.0000000   $13,307,339.81        63.0386826
          A-2                $0.00           0.0000000            $0.00         0.0000000
          A-3                $0.00           0.0000000            $0.00         0.0000000
          A-4                $0.00           0.0000000            $0.00         0.0000000
          A-5                $0.00           0.0000000            $0.00         0.0000000
          A-6                $0.00           0.0000000            $0.00         0.0000000
            B                $0.00           0.0000000            $0.00         0.0000000
            C                $0.00           0.0000000            $0.00         0.0000000

Distribution Allocable to Interest on Notes

                                  Prior                                 Current
Class         Rate             Interest Pymt.  $1000 orig.prin.bal. Interest Pymts. $1000 orig.prin.bal.
                                                                           
A-1           5.50%               $0.00           0.0000000           $466,604.41         2.1036869
A-2           5.98%               $0.00           0.0000000           $276,908.88         4.9833333
A-3           6.20%               $0.00           0.0000000           $558,666.50         5.1666667
A-4           6.48%               $0.00           0.0000000           $357,517.80         5.4000000
A-5         6.6656%               $0.00           0.0000000           $299,946.45         5.5546668
  B           6.93%               $0.00           0.0000000           $190,575.00         5.7750000
  C           7.61%               $0.00           0.0000000           $139,516.67         6.3416668


Note Balance After Giving Effect to Principal Distribution


Class   Beginning Balance        Pool Factor   Ending Balance      Pool Factor
                                      
A-1      101,804,597.56            1.0000000  $ 88,497,257.75       419.2235727
A-2       55,567,000.00            1.0000000  $ 55,567,000.00         1.0000000
A-3      108,129,000.00            1.0000000   108,129,000.00         1.0000000
A-4       66,207,000.00            1.0000000    66,207,000.00         1.0000000
A-5       53,999,000.00            1.0000000    53,999,000.00         1.0000000
  B       33,000,000.00            1.0000000    33,000,000.00         1.0000000
  C       22,000,000.00            1.0000000    22,000,000.00         1.0000000

                                                                                                   
Servicing Fee                                                                                              $184,943.14
Servicing Fee Per $1,000 of Orig.Note                                                                        0.3362603

Realized Losses                                                                                            $620,567.66

Reserve Account Balance                                                                                 $20,670,428.54

Payments Received with Respect to Receivables During Most
Recently Ended Collection Period                                                                        $15,692,134.79
          Interest Payments Received                                                                     $3,048,730.23
          Scheduled Principal Payments Received                                                          $2,448,891.78
          Principal Prepayments Received                                                                $10,194,512.78

Distribution to Residual Interestholders                                                                         $0.00

Noteholders' Interest Carryover Shortfall                                                                        $0.00
Noteholders' Interest Carryover Shortfall Per $1,000 Note                                                    0.0000000

Aggregate Purchase Amounts for Receivables that were purchased
in related Collection Period                                                                                     $0.00

Ending Pool Balance                                                                                    $430,582,387.89
Ending Pool Factor                                                                                          0.78287691