<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): March 23, 1998.
FIRST BANK CORPORATE CARD MASTER TRUST
(Exact name of registrant as specified in its charter)
United States 000-22781 41-1877237
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
141 North Main Avenue
Sioux Falls, South Dakota 57117
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (605) 339-8600
Not Applicable
(Former name or former address, if changed since last report.)
<PAGE>
ITEM 5. OTHER EVENTS.
Pursuant to the Pooling and Servicing Agreement, dated as of February
1, 1997 (the "Agreement"), among First Bank of South Dakota (National
Association), as Transferor, FBS Card Services, Inc., as Servicer, and
Citibank, N.A., as Trustee on behalf of the Certificateholders of the
First Bank Corporate Card Master Trust, as supplemented by the Series
1997-1 Supplement thereto, dated as of February 27, 1997, the Servicer
has prepared and delivered to the Trustee two monthly servicer's
certificates with respect to the Interest Payment Dates of February
17, 1998, and March 16, 1998, which monthly servicer's certificates
are attached hereto as Exhibits 99.1 and 99.2.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following are filed herewith. The exhibit numbers correspond with
Item 601(b) of Regulation S-K.
<TABLE>
<CAPTION>
Exhibit Description of Exhibit
- ------- ----------------------
<S> <C>
99.1 Monthly Servicer's Certificate dated February 11, 1998
99.2 Monthly Servicer's Certificate dated March 10, 1998
</TABLE>
-2-
<PAGE>
SIGNATURE
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, hereto duly authorized.
Date: March 23, 1998.
FIRST BANK CORPORATE CARD MASTER TRUST
By FIRST BANK OF SOUTH DAKOTA (NATIONAL
ASSOCIATION), as Originator
By /s/ David P. Grandstrand
-----------------------------------------
David P. Grandstrand
Senior Vice President and Treasurer
-3-
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Description of Exhibit
- ------- ----------------------
<S> <C>
99.1 Monthly Servicer's Certificate dated February 11, 1998
99.2 Monthly Servicer's Certificate dated March 10, 1998
</TABLE>
-4-
<PAGE>
FORM OF SERIES 1997-1 CERTIFICATEHOLDERS' STATEMENT
FIRST BANK OF SOUTH DAKOTA (NATIONAL ASSOCIATION)
____________________________________________________
FIRST BANK CORPORATE CARD MASTER TRUST
____________________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 17, 1998 and with respect to the performance
of the Trust during the related Collection Period(s).
Capitalized terms used in this Statement have their respective meanings set
forth in the Pooling and Servicing Agreement.
A. INFORMATION REGARDING THE CURRENT DISTRIBUTION (STATED ON THE BASIS OF
$1,000 ORIGINAL CERTIFICATE PRINCIPAL BALANCE)
<TABLE>
<S> <C>
1. Class A Monthly Principal $ -
-----------------
2. Class B Monthly Principal $ -
-----------------
3. Collateral Monthly Principal $ -
-----------------
4. Class A Monthly Interest $ 32.00
-----------------
5. Class A Deficiency Amounts $ -
-----------------
6. Class A Additional Interest $ -
-----------------
7. Class B Monthly Interest $ 32.75
-----------------
8. Class B Deficiency Amounts $ -
-----------------
9. Class B Additional Interest $ -
-----------------
10. Collateral Monthly Interest $ 5.45
-----------------
11. Accrued and unpaid Collateral Monthly Interest $ -
-----------------
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
1. Principal Collections
(a) Principal Collections allocated to the
Class A Certificates $341,210,296.07
-----------------
(b) Principal Collections allocated to the
Class B Certificates $ 5,444,845.15
-----------------
(c) Principal Collections allocated to the
Collateral Investor Interest $ 16,334,535.45
-----------------
2. Trust Principal Component
(a) Trust Principal Component as of the end of the
related Collection Period(s) $535,688,706.10
-----------------
(b) Series 1997-1 Invested Amount as of the end of
the related Transfer Date(s) $420,000,000.00
-----------------
(c) Series 1997-1 Adjusted Invested Amount as of the
end of the related Transfer Date(s) $420,000,000.00
-----------------
(d) Class A Invested Amount as of the end of the
related Transfer Date(s) $394,800,000.00
-----------------
(e) Class A Adjusted Invested Amount as of the end
of the related Transfer Date(s) $394,800,000.00
-----------------
(f) Class B Invested Amount as of the end of the
related Transfer Date(s) $ 6,300,000.00
-----------------
(g) Collateral Invested Amount as of the end of
the related Transfer Date(s) $ 18,900,000.00
-----------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(h) Floating Allocation Percentage with respect to
the related Collection Period(s) 78.24%
-----------------
(i) Class A Floating Percentage with respect to
the related Collection Period(s) 73.55%
-----------------
(j) Class B Floating Percentage with respect to
the related Collection Period(s) 1.17%
-----------------
(k) Collateral Floating Percentage with respect to
the related Collection Period(s) 3.52%
-----------------
(l) Fixed Allocation Percentage with respect to the
related Collection Period(s) N/A
-----------------
(m) Class A Fixed Percentage with respect to the
related Collection Period(s) N/A
-----------------
(n) Class B Fixed Percentage with respect to the
related Collection Period(s) N/A
-----------------
(o) Collateral Fixed Percentage with respect to the
related Collection Period(s) N/A
-----------------
</TABLE>
3. Delinquent Balances
The aggregate amount of outstanding balances in the Accounts
which were delinquent as of the end of the day on the last day
of the related Collection Period(s):
<TABLE>
<CAPTION>
Aggregate Account
Balance
-----------------
<S> <C>
(a) 30-59 days: $ 8,255,631.74
(b) 60-89 days: $ 1,027,425.97
(c) 90-119 days: $ 521,769.92
(d) 120-149 days: $ -
Total: $ 9,804,827.63
Percentage of
Total Receivables
-----------------
(a) 30-59 days: 1.51%
(b) 60-89 days: 0.19%
(c) 90-119 days: 0.10%
(d) 120-149 days: 0.00%
Total: 1.79%
</TABLE>
<TABLE>
<S> <C>
4. Investor Default Amount
(a) Investor Default Amount for the related
Collection Period(s) $ 185,725.31
-----------------
(b) Class A Investor Default Amount for the related
Collection Period(s) $ 174,581.79
-----------------
(c) Class B Investor Default Amount for the related
Collection Period(s) $ 2,785.88
-----------------
(d) Collateral Investor Default Amount for the
related Collection Period(s) $ 8,357.64
-----------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
5. Investor Charge-Offs
(a) Aggregate Class A Investor Charge-Offs for the
related Collection Period(s) $ -
-----------------
(b) Class A Charge-Offs per $1,000 of original
Certificate Principal Balance $ -
-----------------
(c) Aggregate Class B Investor Charge-Offs for the
related Collection Period(s) $ -
-----------------
(d) Class B Charge-Offs per $1,000 of original
Certificate Principal Balance $ -
-----------------
(e) Aggregate Collateral Investor Charge-Offs for
the related Collection Period(s) $ -
-----------------
(f) Collateral Charge-Offs per $1,000 of original
Certificate Principal Balance $ -
-----------------
(g) Aggregate Class A Investor Charge-Offs reimbursed
on the related Transfer Date(s) $ -
-----------------
(h) Class A Investor Charge-Offs reimbursed per $1,000
of original Certificate Principal Balance $ -
-----------------
(i) Aggregate Class B Investor Charge-Offs reimbursed
on the related Transfer Date(s) $ -
-----------------
(j) Class B Investor Charge-Offs reimbursed per $1,000
of original Certificate Principal Balance $ -
-----------------
(k) Aggregate Collateral Investor Charge-Offs
reimbursed on the related Transfer Date(s) $ -
-----------------
(l) Collateral Investor Charge-Offs reimbursed per
$1,000 of original Certificate Principal Balance $ -
-----------------
6. Monthly Investor Servicing Fee
(a) Class A Servicing Fee payable for the related
Collection Period(s) $ 329,000.00
-----------------
(b) Class B Servicing Fee payable for the related
Collection Period(s) $ 5,250.00
-----------------
(c) Collateral Servicing Fee payable for the related
Collection Period(s) $ 15,750.00
-----------------
7. Reallocations
(a) Reallocated Collateral Principal Collections
with respect to the related Collection Period(s) $ -
-----------------
(b) Reallocated Class B Principal Collections with
respect to the related Collection Period(s) $ -
-----------------
(c) Collateral Invested Amount as of this
Distribution Date $ 18,900,000.00
-----------------
(d) Class B Invested Amount as of this Distribution
Date $ 6,300,000.00
-----------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
8. Yield Collections and Net Interchange
(a) Aggregate Yield Collections (including Net
Interchange) processed during the related
Collection Period allocated in respect of the
Class A Investor Certificate $ 13,255,767.89
-----------------
(b) Aggregate Yield Collections (including Net
Interchange) processed during the related
Collection Period allocated in respect of the
Class B Investor Certificate $ 211,528.21
-----------------
(c) Aggregate Yield Collections (including Net
Interchange) processed during the related
Collection Period allocated in respect of the
Collateral Investor Certificate $ 634,584.63
-----------------
9. Principal Funding Amount
(a) Principal amount in Principal Funding Account
on the related Transfer Date $ -
-----------------
(b) Deficit Controlled Accumulation Amount with
respect to the related Collection Period(s) $ -
-----------------
(c) Principal Funding Investment Proceeds deposited
in the Collection Account on the related Transfer
Date(s) $ -
-----------------
(d) Reserve Draw Amount deposited in the Collection
Account on the related Transfer Date(s) from the
Reserve Account $ -
-----------------
10. Reserve Draw Amount on the related Transfer Date(s) $ -
-----------------
11. Overconcentration Draw Amount on the related
Transfer Date(s) $ -
-----------------
12. Available Funds
(a) Class A Available Funds on deposit in the
Collection Account on the related Transfer Date(s) $ 12,998,346.52
-----------------
(a) Class B Available Funds on deposit in the
Collection Account on the related Transfer Date(s) $ 207,420.42
-----------------
(a) Collateral Available Funds on deposit in the
Collection Account on the related Transfer Date(s) $ 622,261.27
-----------------
13. Portfolio Yield and Base Rate
(a) Portfolio Yield for the related Collection Period 20.63%
-----------------
(b) Base Rate for the related Collection Period 7.41%
-----------------
14. Monthly Payment Rate 86.43%
-----------------
15. Principal Payment Rate 86.43%
-----------------
16. Gross Losses as a Percentage of Charge Volume & Fees 0.49%
-----------------
17. Minimum Transferor's Percentage 14.00%
-----------------
</TABLE>
FBS Card Services, Inc.
Servicer
By: /s/ Randy L. Ritterman
----------------------
Name: Randy L. Ritterman
Title: Assistant Vice President
<PAGE>
SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
COLLECTION PERIOD ENDING JANUARY 31, 1998
FIRST BANK OF SOUTH DAKOTA (NATIONAL ASSOCIATION)
FIRST BANK CORPORATE CARD MASTER TRUST SERIES 1997-1
<TABLE>
<S> <C>
1. Investor Percentage of Principal Collections $362,989,676.67
---------------
2. Investor Percentage of Yield Collections (ex. Net
Interchange) $ 7,407,952.59
---------------
3. Investor Percentage of Net Interchange $ 6,693,928.15
---------------
4. Servicer Interchange $ 350,000.00
---------------
5. The aggregate amount of funds on deposit in Collection
Account allocable to Series 1997-1 Certificates $481,945,701.16
---------------
6. Funds in Principal Funding Account allocable to Series
1997-1 Certificates $ -
---------------
7. Aggregate amount paid in accordance with the Loan
Agreement pursuant to Section 4.11 $ 102,975.47
---------------
8. Required Collateral Invested Amount over the
Collateral Invested Amount $ -
---------------
9. Collateral Invested Amount $ 18,900,000.00
---------------
10. The amount of Monthly Interest, Deficiency Amounts and
Additional Interest payable to the
(i) Class A Certificateholders $ 12,633,600.00
---------------
(ii) Class B Certificateholders $ 206,325.00
---------------
(iii) Collateral Interest Holder $ 102,975.47
---------------
11. The amount of principal payable to the
(i) Class A Certificateholders $ -
---------------
(ii) Class B Certificateholders $ -
---------------
(iii) Collateral Interest Holder $ -
---------------
12. The sum of all amounts payable to the
(i) Class A Certificateholders $ 12,633,600.00
---------------
(ii) Class B Certificateholders $ 206,325.00
---------------
(iii) Collateral Interest Holder $ 102,975.47
---------------
</TABLE>
13. To the knowledge of the undersigned, no Early
Amortization Event has occurred except as
described below:
None
In witness whereof, the undersigned has duly executed
this certificate this 11th day of February, 1998.
FBS Card Services, Inc.
Servicer
By: /s/ Randy L. Ritterman
----------------------
Name: Randy L. Ritterman
Title: Assistant Vice President
<PAGE>
FORM OF SERIES 1997-1 CERTIFICATEHOLDERS' STATEMENT
FIRST BANK OF SOUTH DAKOTA (NATIONAL ASSOCIATION)
____________________________________________________
FIRST BANK CORPORATE CARD MASTER TRUST
____________________________________________________
The information which is required to be prepared with respect to the
Distribution Date of March 16, 1998 and with respect to the
performance of the Trust during the related Collection Period(s).
Capitalized terms used in this Statement have their respective meanings
set forth in the Pooling and Servicing Agreement.
A. INFORMATION REGARDING THE CURRENT DISTRIBUTION (STATED ON THE BASIS OF
$1,000 ORIGINAL CERTIFICATE PRINCIPAL BALANCE)
<TABLE>
<S> <C>
1. Class A Monthly Principal $ -
-----------------
2. Class B Monthly Principal $ -
-----------------
3. Collateral Monthly Principal $ -
-----------------
4. Class A Monthly Interest $ -
-----------------
5. Class A Deficiency Amounts $ -
-----------------
6. Class A Additional Interest $ -
-----------------
7. Class B Monthly Interest $ -
-----------------
8. Class B Deficiency Amounts $ -
-----------------
9. Class B Additional Interest $ -
-----------------
10. Collateral Monthly Interest $ 4.48
-----------------
11. Accrued and unpaid Collateral Monthly Interest $ -
-----------------
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
1. Principal Collections
(a) Principal Collections allocated to the Class
A Certificates $ 293,084,936.72
-----------------
(b) Principal Collections allocated to the Class
B Certificates $ 4,676,887.29
-----------------
(c) Principal Collections allocated to the
Collateral Investor Interest $ 14,030,661.86
-----------------
2. Trust Principal Component
(a) Trust Principal Component as of the end of
the related Collection Period(s) $ 618,211,429.11
-----------------
(b) Series 1997-1 Invested Amount as of the end
of the related Transfer Date(s) $ 420,000,000.00
-----------------
(c) Series 1997-1 Adjusted Invested Amount as
of the end of the related Transfer Date(s) $ 420,000,000.00
-----------------
(d) Class A Invested Amount as of the end of the
related Transfer Date(s) $ 394,800,000.00
-----------------
(e) Class A Adjusted Invested Amount as of the
end of the related Transfer Date(s) $ 394,800,000.00
-----------------
(f) Class B Invested Amount as of the end of the
related Transfer Date(s) $ 6,300,000.00
-----------------
(g) Collateral Invested Amount as of the end of
the related Transfer Date(s) $ 18,900,000.00
-----------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(h) Floating Allocation Percentage with respect
to the related Collection Period(s) 78.40%
-----------------
(i) Class A Floating Percentage with respect to
the related Collection Period(s) 73.70%
-----------------
(j) Class B Floating Percentage with respect to
the related Collection Period(s) 1.18%
-----------------
(k) Collateral Floating Percentage with respect to
the related Collection Period(s) 3.53%
-----------------
(l) Fixed Allocation Percentage with respect to the
related Collection Period(s) N/A
-----------------
(m) Class A Fixed Percentage with respect to the
related Collection Period(s) N/A
-----------------
(n) Class B Fixed Percentage with respect to the
related Collection Period(s) N/A
-----------------
(o) Collateral Fixed Percentage with respect to the
related Collection Period(s) N/A
-----------------
</TABLE>
3. Delinquent Balances
The aggregate amount of outstanding balances in
the Accounts which were delinquent as of the end of
the day on the last day of the related Collection
Period(s):
<TABLE>
<CAPTION>
<S> <C>
Aggregate Account
Balance
-----------------
(a) 30-59 days: $ 3,539,533.05
(b) 60-89 days: $ 716,062.05
(c) 90-119 days: $ 525,654.33
(d) 120-149 days: $ -
Total: $ 4,781,249.43
Percentage of
Total Receivables
-----------------
(a) 30-59 days: 0.56%
(b) 60-89 days: 0.11%
(c) 90-119 days: 0.08%
(d) 120-149 days: 0.00%
Total: 0.76%
</TABLE>
<TABLE>
<S> <C>
4. Investor Default Amount
(a) Investor Default Amount for the related
Collection Period(s) $ 89,673.31
-----------------
(b) Class A Investor Default Amount for the
related Collection Period(s) $ 84,292.91
-----------------
(c) Class B Investor Default Amount for the
related Collection Period(s) $ 1,345.10
-----------------
(d) Collateral Investor Default Amount for
the related Collection Period(s) $ 4,035.30
-----------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
5. Investor Charge-Offs
(a) Aggregate Class A Investor Charge-Offs for
the related Collection Period(s) $ -
-----------------
(b) Class A Charge-Offs per $1,000 of original
Certificate Principal Balance $ -
-----------------
(c) Aggregate Class B Investor Charge-Offs for
the related Collection Period(s) $ -
-----------------
(d) Class B Charge-Offs per $1,000 of original
Certificate Principal Balance $ -
-----------------
(e) Aggregate Collateral Investor Charge-Offs for
the related Collection Period(s) $ -
-----------------
(f) Collateral Charge-Offs per $1,000 of original
Certificate Principal Balance $ -
-----------------
(g) Aggregate Class A Investor Charge-Offs
reimbursed on the related Transfer Date(s) $ -
-----------------
(h) Class A Investor Charge-Offs reimbursed per
$1,000 of original Certificate Principal
Balance $ -
-----------------
(i) Aggregate Class B Investor Charge-Offs
reimbursed on the related Transfer Date(s) $ -
-----------------
(j) Class B Investor Charge-Offs reimbursed per
$1,000 of original Certificate Principal
Balance $ -
-----------------
(k) Aggregate Collateral Investor Charge-Offs
reimbursed on the related Transfer Date(s) $ -
-----------------
(l) Collateral Investor Charge-Offs reimbursed per
$1,000 of original Certificate Principal
Balance $ -
-----------------
6. Monthly Investor Servicing Fee
(a) Class A Servicing Fee payable for the related
Collection Period(s) $ 329,000.00
-----------------
(b) Class B Servicing Fee payable for the related
Collection Period(s) $ 5,250.00
-----------------
(c) Collateral Servicing Fee payable for the
related Collection Period(s) $ 15,750.00
-----------------
7. Reallocations
(a) Reallocated Collateral Principal Collections
with respect to the related Collection
Period(s) $ -
-----------------
(b) Reallocated Class B Principal Collections with
respect to the related Collection Period(s) $ -
-----------------
(c) Collateral Invested Amount as of this
Distribution Date $ 18,900,000.00
-----------------
(d) Class B Invested Amount as of this
Distribution Date $ 6,300,000.00
-----------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
8. Yield Collections and Net Interchange
(a) Aggregate Yield Collections (including Net
Interchange) processed during the related
Collection Period allocated in respect of
the Class A Investor Certificate $ 12,536,657.42
-----------------
(b) Aggregate Yield Collections (including Net
Interchange) processed during the related
Collection Period allocated in respect of the
Class B Investor Certificate $ 200,053.04
-----------------
(c) Aggregate Yield Collections (including Net
Interchange) processed during the related
Collection Period allocated in respect of the
Collateral Investor Certificate $ 600,159.13
-----------------
9. Principal Funding Amount
(a) Principal amount in Principal Funding Account
on the related Transfer Date $ -
-----------------
(b) Deficit Controlled Accumulation Amount with
respect to the related Collection Period(s) $ -
-----------------
(c) Principal Funding Investment Proceeds
deposited in the Collection Account on the
related Transfer Date(s) $ -
-----------------
(d) Reserve Draw Amount deposited in the
Collection Account on the related Transfer
Date(s) from the Reserve Account $ -
-----------------
10. Reserve Draw Amount on the related Transfer
Date(s) $ -
-----------------
11. Overconcentration Draw Amount on the related
Transfer Date(s) $ -
-----------------
12. Available Funds
(a) Class A Available Funds on deposit in the
Collection Account on the related Transfer
Date(s) $ 12,278,709.10
-----------------
(a) Class B Available Funds on deposit in the
Collection Account on the related Transfer
Date(s) $ 195,936.85
-----------------
(a) Collateral Available Funds on deposit in the
Collection Account on the related Transfer
Date(s) $ 587,810.54
-----------------
13. Portfolio Yield and Base Rate
(a) Portfolio Yield for the related
Collection Period 17.92%
-----------------
(b) Base Rate for the related Collection Period 7.36%
-----------------
14. Monthly Payment Rate 74.24%
-----------------
15. Principal Payment Rate 74.24%
-----------------
16. Gross Losses as a Percentage of Charge
Volume & Fees 0.19%
-----------------
17. Minimum Transferor's Percentage 12.00%
-----------------
</TABLE>
FBS Card Services, Inc.
Servicer
By: /s/ Randy L. Ritterman
----------------------
Name: Randy L. Ritterman
Title: Assistant Vice President
<PAGE>
SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
COLLECTION PERIOD ENDING FEBRUARY 28, 1998
FIRST BANK OF SOUTH DAKOTA (NATIONAL ASSOCIATION)
FIRST BANK CORPORATE CARD MASTER TRUST SERIES 1997-1
<TABLE>
<S> <C>
1. Investor Percentage of Principal Collections $311,792,458.88
---------------
2. Investor Percentage of Yield Collections (ex. Net
Interchange) $ 6,363,111.96
---------------
3. Investor Percentage of Net Interchange $ 6,973,757.64
---------------
4. Servicer Interchange $ 350,000.00
---------------
5. The aggregate amount of funds on deposit in Collection
Account allocable to Series 1997-1 Certificates $414,686,008.92
---------------
6. Funds in Principal Funding Account allocable to Series
1997-1 Certificates $ -
---------------
7. Aggregate amount paid in accordance with the Loan Agreement
pursuant to Section 4.11 $ 84,695.63
---------------
8. Required Collateral Invested Amount over the Collateral
Invested Amount $ -
---------------
9. Collateral Invested Amount $ 18,900,000.00
---------------
10. The amount of Monthly Interest, Deficiency Amounts and
Additional Interest payable to the
(i) Class A Certificateholders $ -
---------------
(ii) Class B Certificateholders $ -
---------------
(iii) Collateral Interest Holder $ 84,695.63
---------------
11. The amount of principal payable to the
(i) Class A Certificateholders $ -
---------------
(ii) Class B Certificateholders $ -
---------------
(iii) Collateral Interest Holder $ -
---------------
12. The sum of all amounts payable to the
(i) Class A Certificateholders $ -
---------------
(ii) Class B Certificateholders $ -
---------------
(iii) Collateral Interest Holder $ 84,695.63
---------------
</TABLE>
13. To the knowledge of the undersigned, no Early Amortization
Event has occurred except as described below:
None
In witness whereof, the undersigned has duly executed
this certificate this 10th day of March, 1998.
FBS Card Services, Inc.
Servicer
By: /s/ Randy L. Ritterman
----------------------
Name: Randy L. Ritterman
Title: Assistant Vice President
