EX-1
Distribution Financial Services Marine Trust 1999-2
August 16, 1999 Payment Date Statement to Noteholders
Per Section 5.08 of the Transfer and Servicing Agreement
Beginning Pool Balance $528,186,387.62
Beginning Pool Factor 0.96033870
Distribution Allocable to Principal on Notes
Prior Current
Class Principal Payments $1000 of orig.prin.bal Principal Payments $1000 of orig.prin.bal
A-1 $9,920,640.71 46.9954270 $10,502,947.57 49.7538943
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
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 Payment $1000 of orig.prin.bal Interest Payments $1000 of orig.prin.bal
A-1 5.50% $913,022.55 4.3251120 $867,552.94 4.1097165
A-2 5.98% $276,908.88 4.9833330 $276,908.88 4.9833330
A-3 6.20% $558,666.50 5.1666670 $558,666.50 5.1666670
A-4 6.48% $357,517.80 5.4000000 $357,517.80 5.4000000
A-5 6.6656% $299,946.45 5.5546670 $299,946.45 5.5546670
B 6.93% $190,575.00 5.7750000 $190,575.00 5.7750000
C 7.61% $139,516.67 6.3416670 $139,516.67 6.3416670
Note Balance After Giving Effect to Principal Distribution
Class Beginning Balance Pool Factor Ending Balance Pool Factor
A-1 189,284,278.59 896.6654280 $178,781,331.02 846.9115340
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 $220,077.66
Servicing Fee Per $1,000 of Orig.Note 0.4001412
Realized Losses $0.00
Reserve Account Balance $18,653,951.80
Payments Received with Respect to Receivables During Most
Recently Ended Collection Period $14,223,346.05
Interest Payments Received $3,720,398.48
Scheduled Principal Payments Received $2,463,591.86
Principal Prepayments Received $8,039,355.71
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 $517,683,440.05
Ending Pool Factor 0.94124243