UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K Form 20-F Form 11-K Form 10-Q Form N-SAR
For Period Ended: February 1, 1997
[ ] Transition Report on Form 10-K
[ ] Transition Report on From 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
PART I - REGISTRANT INFORMATION
WORLD FINANCIAL NETWORK NATIONAL BANK
Full Name of Registrant
(As Servicer on behalf of World Financial Network Credit Card Master Trust)
Not Applicable
Former Name if Applicable
4590 EAST BROAD STREET
Address of Principal Executive Office (Street and Number)
COLUMBUS, OHIO 43213
City, State and Zip Code
PART II RULES 12b-25(b) AND (c)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense.
(c) Exhibits.
Exhibit
No. Document Description
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99 Accountant's Statement
PART III NARRATIVE
Under the terms of the Pooling and Service Agreement relating to the
Certificates, the Registrant is required to provide compliance or other reports
addressing Registrant's compliance with the Pooling and Service Agreement. It
was only recently concluded by all of the various parties to the Agreement that
audited financial statements of the Registrant would be furnished in lieu of an
"agreed-upon procedures report". Due to the late timing of the decision, the
Registrant's independent public accountants have been unable to complete their
audit procedures by the prescribed filing date without unreasonable effort or
expense.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Don Borowy 614 755-3355
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed? If answer
is no, identify report(s). Yes X No
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or portion
thereof? Yes No X
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WORLD FINANCIAL NETWORK NATIONAL BANK
(Name of Registrant as Specified in Charter)
(As servicer on behalf of World Financial Network Credit Card Master Trust)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 2, 1997 By: /s/ Daniel T. Groomes
Daniel T. Groomes
Vice President - Finance
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ACCOUNTANT'S STATEMENT
May 2, 1997
THE WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST
COLUMBUS, OHIO
Dear Sirs,
Due to the late timing of the decision by the various parties to the Service
and Pooling Agreement relating to the World Financial Network Credit Card
Master Trust ("The Trust") to require an audit of the Trust's financial
statements for the year ended February 1, 1997, as opposed to requiring an
"agreed-upon procedures report", we have been unable to complete all of our
audit procedures of the Trust's fiscal 1996 financial statements by
May 2, 1997.
We would expect to complete all of our audit procedures by May 16, 1997.
Sincerely,
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
