<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
MAY 28, 1997
(date of earliest event reported)
BANK OF AMERICA NATIONAL ASSOCIATION
(Exact name of registrant as specified in its charter)
U.S.A. 333-4152 86-0645265
- --------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification number)
1825 East Buckeye Road
Phoenix, Arizona 85034
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(602) 597-3738
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
<PAGE> 2
INFORMATION TO BE INCLUDED IN THE REPORT
Items 1-4. Not Applicable.
Item 5. Not Applicable.
Item 6. Not Applicable.
Item 7. Exhibits.
The following are filed as Exhibits to this Report under
Exhibits 20.1, 20.2, 20.3, 20.4.
Exhibit 20.1 Amended Monthly Payment Instructions and
Notification to the Trustee, dated as of
March 31, 1997
Exhibit 20.2 Amended Monthly Series 1996-A
Certificateholders' Statement, dated as of
March 31, 1997
Exhibit 20.3 Amended Schedule to Monthly Servicer's
Certificate, dated as of March 31, 1997
Exhibit 20.4 Amended Monthly Servicer's Certificate,
dated as of March 31, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By:________________________________________
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
Date: May 28, 1997
<PAGE> 3
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number Exhibit Description
- ------ -------------------
<S> <C>
20.1 Amended Monthly Payment Instructions and
Notification to the Trustee, dated as of March 31,
1997
20.2 Amended Monthly Series 1996-A Certificateholders'
Statement, dated as of March 31, 1997
20.3 Amended Schedule to Monthly Servicer's Certificate,
dated as of March 31, 1997
20.4 Amended Monthly Servicer's Certificate, dated as of
March 31, 1997
</TABLE>
<PAGE> 1
EX-20.1
AMENDED MONTHLY PAYMENT INSTRUCTIONS AND NOTIFICATION
TO THE TRUSTEE
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1996-A
MONTHLY PERIOD ENDING MARCH 31, 1997
Capitalized terms used in this notice have their respective meanings
set forth in the Pooling and Servicing Agreement. References herein to certain
sections and subsections are references to the respective sections and
subsections of the Pooling and Servicing Agreement as supplemented by the Series
1996-A Supplement. This notice is delivered pursuant to Section 4.09.
A. Bank of America is the Servicer under the Pooling and Servicing
Agreement.
B. The undersigned is a Servicing Officer.
C. The date of this notice is on or before the related Transfer Date under
the Pooling and Servicing Agreement.
I. INSTRUCTION TO MAKE A WITHDRAWAL
Pursuant to Section 4.09, the Servicer does hereby instruct the Trustee
(i) to make withdrawals from the Finance Charge Account, the Principal Account,
and the Principal Funding Account on APRIL 14, 1997, which date is a Transfer
Date under the Pooling and Servicing Agreement, in aggregate amounts set forth
below in respect of the following amounts and (ii) to apply the proceeds of such
withdrawals in accordance with subsection 3 (a) of the Series 1996-A Supplement
and Section 4.09 of the Pooling and Servicing Agreement:
<TABLE>
<S> <C>
A. Pursuant to subsection 3 (a) of the
Series 1996-A Supplement:
1. Servicer Interchange.............. $ 416,666.67
----------------
B. Pursuant to subsection 4.09 (a) (i):
1. Class A Monthly Interest at the
Class A Certificate Rate on the
Class A Investor Interest......... $ 1,917,307.81
----------------
2. Class A Deficiency Amount......... $ 0.00
----------------
3. Class A Additional Interest....... $ 0.00
----------------
C. Pursuant to subsection 4.09 (a) (ii):
1. Class A Servicing Fee............. $ 356,250.00
----------------
</TABLE>
B-1
<PAGE> 2
<TABLE>
<S> <C>
2. Accrued and unpaid Class A
Servicing Fee..................... $ 0.00
----------------
D. Pursuant to subsection 4.09 (a) (iii):
1. Class A Investor Default Amount.... $ 2,444,290.30
----------------
E. Pursuant to subsection 4.09 (a) (iv):
1. Portion of Excess Spread from
Class A Available Funds to be
allocated and distributed as
provided in Section 4.11........... $ 1,839,997.07
----------------
F. Pursuant to subsection 4.09 (b) (i):
1. Class B Monthly Interest at the
Class B Certificate Rate on
the Class B Investor Interest...... $ 149,949.13
----------------
2. Class B Deficiency Amount......... $ 0.00
----------------
3. Class B Additional Interest....... $ 0.00
----------------
G. Pursuant to subsection 4.09 (b) (ii):
1. Class B Servicing Fee............. $ 27,083.33
----------------
2. Accrued and unpaid Class B
Servicing Fee..................... $ 0.00
----------------
H. Pursuant to subsection 4.09 (b) (iii):
1. Portion of Excess Spread from
Class B Available Funds to be
allocated and distributed as
provided in Section 4.11........... $ 321,517.16
----------------
I. Pursuant to subsection 4.09 (c) (i):
1. Collateral Interest Servicing
Fee, if applicable................. $ N/A
----------------
2. Accrued and unpaid Collateral
Interest Servicing Fee, if
applicable......................... $ N/A
----------------
J. Pursuant to subsection 4.09 (c) (ii):
1. Portion of Excess Spread from
Collateral Available Funds to
be allocated and distributed as
provided in Section 4.11......... $ 613,599.57
----------------
Total.............................. $ 8,086,661.04
================
</TABLE>
B-2
<PAGE> 3
<TABLE>
<S> <C>
K. Pursuant to subsection 4.09 (d) (ii):
1. Amount to be treated as Shared
Excess Principal Collections....... $ 0.00
----------------
L. Pursuant to subsection 4.09 (d) (iii):
1. Amount to be paid to the
Holder of the Transferor
Certificate........................ $ 62,966,910.00
----------------
2. Unallocated Principal Collections.. $ 0.00
----------------
M. Pursuant to subsection 4.09 (e) (i):
1. Class A Monthly Principal.......... $ 0.00
----------------
N. Pursuant to subsection 4.09 (e) (ii):
1. Class B Monthly Principal.......... $ 0.00
----------------
O. Pursuant to subsection 4.09 (e) (iii)
1. Collateral Monthly Principal to
be applied in accordance with
the Loan Agreement................. $ 0.00
----------------
P. Pursuant to subsection 4.09 (e) (iv):
1. Amount to be treated as Shared
Excess Principal Collections....... $ 0.00
----------------
Q. Pursuant to subsection 4.09 (e) (v):
1. Amount to be paid to the Holder
of the Transferor Certificate...... $ 0.00
----------------
2. Unallocated Principal Collections. $ 0.00
----------------
R. Pursuant to subsection 4.09 (f):
1. Amount to be withdrawn from the
Principal Funding Account and
deposited into the Distribution
Account............................ $ 0.00
----------------
S. Pursuant to Section 4.13:
1. Amount of Shared Excess Finance
Charge Collections to be
withdrawn from the Finance Charge
account to be allocated to
Series 1996-A and distributed as
provided in Section 4.11........... $ 0.00
----------------
</TABLE>
B-3
<PAGE> 4
II. INSTRUCTION TO MAKE CERTAIN PAYMENTS
Pursuant to Section 4.09, the Servicer does hereby instruct
the Trustee to pay in accordance with Section 5.01 from the Distribution Account
on APRIL 15, 1997, which date is a Distribution Date under the Pooling and
Servicing Agreement, amounts so deposited in the Distribution Account pursuant
to Section 4.09 as set forth below:
<TABLE>
<S> <C>
A. Pursuant to subsection 4.09 (g):
1. Amount to be distributed to
Class A Certificateholders....... $ 1,917,307.81
----------------
2. Amount to be distributed to
Class B Certificateholders....... $ 149,949.13
----------------
B. Pursuant to subsection 4.09 (h) (i):
1. Amount to be distributed to
Class A Certificateholders........ $ 0.00
----------------
C. Pursuant to subsection 4.09 (h) (ii):
1. Amount to be distributed to
the Class B Certificateholders.... $ 0.00
----------------
</TABLE>
III. APPLICATION OF EXCESS SPREAD
Pursuant to Section 4.11, the Servicer does hereby instruct
the Trustee to apply the Excess Spread with respect to the related Monthly
Period and to make the following distributions in the following priority:
<TABLE>
<S> <C>
A. The amount equal to the Class A
Required Amount, if any, which will be
used to fund the Class A Required
Amount and be applied in accordance
with, and in the priority set forth in,
subsection 4.09 (a)........................ $ 0.00
----------------
B. The amount equal to the aggregate amount
of Class A Investor Charge Offs which
have not been previously reimbursed
(after giving effect to the allocation
on such Transfer Date of certain other
amounts applied for that purpose) which
will be treated as a portion of Investor
Principal Collections and deposited into
the Principal Account on such Transfer
Date....................................... $ 0.00
----------------
</TABLE>
B-4
<PAGE> 5
<TABLE>
<S> <C>
C. The amount equal to the Class B Required
Amount, if any, which will be used to fund
the Class B Required Amount and be applied
first in accordance with, and in the
priority set forth in, subsection 4.09(b)
and then any amount available to pay the
Class B Investor Default Amount shall be
treated as a portion of Investor Principal
Collections and deposited into the
Principal Account........................... $ 185,823.24
----------------
D. The amount equal to the aggregate amount
by which the Class B Investor Interest has
been reduced below the initial Class B
Investor Interest for reasons other than
the payment of principal to the Class B
Certificateholders (but not in excess of
the aggregate amount of such reductions
which have not been previously reimbursed)
which will be treated as a portion of
Investor Principal Collections
and deposited into the Principal Account.... $ 0.00
----------------
E. The amount equal to the Collateral Monthly
Interest plus the amount of any past due
Collateral Monthly Interest which will be
paid to the Collateral Interest Holder for
application in accordance with the Loan
Agreement................................... $ 188,097.22
----------------
F. The amount equal to the aggregate amount
of accrued but unpaid Collateral Interest
Servicing Fees which will be paid to the
Servicer if the Transferor or an
Acceptable Successor Servicer is the
Servicer.................................... $ 33,333.34
----------------
G. The amount equal to the Collateral Default
Amount, if any, for the prior Monthly
Period which will be treated as a portion
of Investor Principal Collections and
deposited into the Principal Account........ $ 228,705.52
----------------
H. The amount equal to the aggregate amount
by which the Collateral Interest has been
reduced below the Required Collateral
Interest for reasons other than the
payment of principal to the Collateral
Interest Holder (but not in excess of the
aggregate amount of such reductions which
have not been previously reimbursed) which
will be treated as a portion of Investor
Principal Collections and deposited
into the Principal Account.................. $ 0.00
----------------
</TABLE>
B-5
<PAGE> 6
<TABLE>
<S> <C>
I. On each Transfer Date from and after the
Reserve Account Funding Date, but prior to
the date on which the Reserve Account
terminates as described in subsection 4.16
(f), the amount up to the excess, if any,
of the Required Reserve Account Amount
over the Available Reserve Account Amount
which shall be deposited into the Reserve
Account..................................... $ 0.00
----------------
J. The balance, if any, after giving effect
to the payments made pursuant to
subparagraphs (a) through (i) above which
shall be deposited into the Distribution
Account and applied in accordance with the
provisions of the Loan Agreement............ $ 2,139,154.48
----------------
</TABLE>
IV. REALLOCATED PRINCIPAL COLLECTIONS
Pursuant to Section 4.12, the Servicer does hereby instruct
the Trustee to withdraw from the Principal Account and apply Reallocated
Principal Collections pursuant to Section 4.12 with respect to the related
Monthly Period in the following amounts:
<TABLE>
<S> <C>
A. Reallocated Collateral Principal
Receivables................................. $ 0.00
----------------
B. Reallocated Class B Principal
Receivables................................. $ 0.00
----------------
</TABLE>
V ACCRUED AND UNPAID AMOUNTS
After giving effect to the withdrawals and transfers to be
made in accordance with this notice, the following amounts will be accrued and
unpaid with respect to all Monthly Periods preceding the current calendar month.
<TABLE>
<S> <C>
A. Subsections 4.09 (a) (i) and (b) (i) :
(1) The aggregate amount of the
Class A Deficiency Amount........... $ 0.00
----------------
(2) The aggregate amount of Class
B Deficiency Amount................. $ 0.00
----------------
B. Subsections 4.09 (a) (ii) and (b) (ii):
The aggregate amount of all accrued
and unpaid Investor Monthly
Servicing Fees.............................. $ 0.00
----------------
C. Section 4.10:
The aggregate amount of all
unreimbursed Investor Charge Offs.......... $ 0.00
----------------
</TABLE>
B-6
<PAGE> 7
IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 28th
day of MAY, 1997.
BANK OF AMERICA NATIONAL
ASSOCIATION
Transferor and Servicer
BY: /S/ MARGARET A. SPRUDE
------------------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
B-7
<PAGE> 1
EX-20.2
AMENDED MONTHLY SERIES 1996-A CERTIFICATEHOLDERS' STATEMENT
Series 1996-A
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST
The information which is required to be prepared with respect to the
distribution date of APRIL 15, 1997, and with respect to the performance of the
Trust during the related Monthly Period.
Capitalized terms used in this Statement have their respective meanings
set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A. Information Regarding the Current Monthly
Distribution (Stated on the Basis of $1,000
Original Certificate Principal Amount)
1. The amount of the current monthly
distribution in respect of
Class A Monthly Principal........... $ 0.00000
------------------
2. The amount of the current monthly
distribution in respect of Class B
Monthly Principal................... $ 0.00000
------------------
3. The amount of the current monthly
distribution in respect of
Collateral Monthly Principal........ $ 0.00000
------------------
4. The amount of the current monthly
distribution in respect of
Class A Monthly Interest............ $ 4.48493
------------------
5. The amount of the current monthly
distribution in respect of
Class A Deficiency Amounts.......... $ 0.00000
------------------
6. The amount of the current monthly
distribution in respect of
Class A Additional Interest......... $ 0.00000
------------------
7. The amount of the current monthly
distribution in respect of
Class B Monthly Interest............ $ 4.61382
------------------
</TABLE>
C-1
<PAGE> 2
<TABLE>
<S> <C>
8. The amount of the current monthly
distribution in respect of Class B
Deficiency Amounts.......................... $ 0.00000
-----------------
9. The amount of the current monthly
distribution in respect of Class B
Additional Interest......................... $ 0.00000
-----------------
10. The amount of the current monthly
distribution in respect of Collateral
Monthly Interest............................ $ 4.70243
-----------------
11. The amount of the current monthly
distribution in respect of any accrued
and unpaid Collateral Monthly Interest...... $ 0.00000
-----------------
B. Information Regarding the Performance of the Trust
1. Collection of Principal Receivables
(a) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class A
Certificates.......................... $ 51,392,417.75
-----------------
(b) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Class B
Certificates.......................... $ 3,907,025.91
-----------------
(c) The aggregate amount of Collections of
Principal Receivables processed during
the related Monthly Period which were
allocated in respect of the Collateral
Interest.............................. $ 4,808,647.28
-----------------
2. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the
end of the day on the last day of
the related Monthly Period............ $ 3,753,305,113.62
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-A
as of the end of the day on the
last day of the related Monthly
Period................................ $ 500,000,000.00
-----------------
</TABLE>
C-2
<PAGE> 3
<TABLE>
<S> <C>
(c) The amount of Principal Receivables
in the Trust represented by the
Series 1996-A Adjusted Investor
Interest as of the end of day on
the last day of the related Monthly
Period................................ $ 500,000,000.00
-----------------
(d) The amount of Principal Receivables
in the Trust represented by the
Class A Investor Interest as of the
end of the day on the last day of
the related Monthly Period............ $ 427,500,000.00
-----------------
(e) The amount of Principal Receivables
in the Trust represented by the
Class A Adjusted Investor Interest
as of the end of day on the last
day of the related Monthly Period..... $ 427,500,000.00
-----------------
(f) The amount of Principal Receivables
in the Trust represented by the
Class B Investor Interest as of the
end of the day on the last day of
the related Monthly Period............ $ 32,500,000.00
-----------------
(g) The amount of Principal Receivables
in the Trust represented by the
Collateral Interest as of the end
of the day on the last day of the
related Monthly Period................ $ 40,000,000.00
-----------------
(h) The Floating Investor Percentage
with respect to the related Monthly
Period................................ 12.9928%
-----------------
(i) The Class A Floating Allocation
with respect to the related Monthly
Period................................ 85.50%
-----------------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period................................ 6.50%
-----------------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period................................ 8.00%
-----------------
(l) The Fixed Investor Percentage with
respect to the related Monthly
Period................................ N/A
-----------------
</TABLE>
C-3
<PAGE> 4
<TABLE>
<S> <C>
(m) The Class A Fixed Allocation with
respect to the related Monthly
Period................................ N/A
-----------------
(n) The Class B Fixed Allocation with
respect to the related Monthly
Period................................ N/A
-----------------
(o) The Collateral Fixed Allocation
with respect to the related Monthly
Period................................ 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 Monthly Period:
<TABLE>
<CAPTION>
Aggregate Percentage of
Account Total
Balance Receivables
------- -----------
<S> <C> <C>
(a) 31 - 60 days..... $ 62,120,196.83 1.6317%
(b) 61 - 90 days..... $ 36,976,964.55 0.9712%
(c) 91 - or more days $ 66,999,915.41 1.7598%
Total............ $166,097,076.79 4.3627%
</TABLE>
4. Investor Default Amount
<TABLE>
<S> <C>
(a) The Aggregate Investor Default
Amount for the related Monthly
Period............................... $ 2,858,819.06
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period....... $ 2,444,290.30
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period....... $ 185,823.24
-----------------
(d) The Collateral Default Amount for
the related Monthly Period........... $ 228,705.52
-----------------
5. Investor Charge Offs
(a) The aggregate amount of Class A
Investor Charge Offs for the
related Monthly Period............... $ 0.00
-----------------
(b) The aggregate amount of Class A
Investor Charge Offs set forth in
5(a) above per $1,000 of original
certificate principal amount......... $ 0.00
-----------------
</TABLE>
C-4
<PAGE> 5
<TABLE>
<S> <C>
(c) The aggregate amount of Class B
Investor Charge Offs for the
related Monthly Period................ $ 0.00
-----------------
(d) The aggregate amount of Class B
Investor Charge Offset forth in
5(c) above per $1,000 of original
certificate principal amount.......... $ 0.00
-----------------
(e) The aggregate amount of Collateral
Charge Offs for the related Monthly
Period................................ $ 0.00
-----------------
(f) The aggregate amount of Collateral
Charge Offs set forth in 5(e) above
per $1,000 of original certificate
principal amount...................... $ 0.00
-----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately
preceding this Distribution Date ..... $ 0.00
-----------------
(h) The aggregate amount of Class A
Investor Charge Offs set forth in 5(g)
above per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
this Distribution Date................ $ 0.00
-----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed on
the Transfer Date immediately
preceding this Distribution Date ..... $ 0.00
-----------------
(j) The aggregate amount of Class B
Investor Charge Offs set forth in 5(i)
above per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
this Distribution Date................ $ 0.00
-----------------
(k) The aggregate amount of Collateral
Charge Offs reimbursed on the
Transfer Date immediately preceding
this Distribution Date................ $ 0.00
-----------------
(l) The aggregate amount of Collateral
Charge Offs set forth in 5(k) above
per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
Distribution Date..................... $ 0.00
-----------------
</TABLE>
C-5
<PAGE> 6
<TABLE>
<S> <C>
6. Investor Servicing Fee
(a) The amount of the Class A Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period................................ $ 356,250.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period................................ $ 27,083.33
-----------------
(c) The amount of the Collateral
Servicing Fee payable by the Trust
to the Servicer for the related
Monthly Period........................ $ 33,333.34
-----------------
(d) The amount of Servicer Interchange
payable by the Trust to the
Servicer for the related Monthly
Period................................ $ 416,666.67
-----------------
7. Reallocations
(a) The amount of Reallocated
Collateral Principal Collections
with respect to this Distribution
Date.................................. $ 0.00
-----------------
(b) The amount of Reallocated Class B
Principal Collections with respect
to this Distribution Date............. $ 0.00
-----------------
(c) The Collateral Interest as of the
close of business on this
Distribution Date..................... $ 40,000,000.00
-----------------
(d) The Class B Investor Interest as of
the close of business on this
Distribution Date..................... $ 32,500,000.00
-----------------
8. Collection of Finance Charge Receivables
(a) The aggregate amount of Collections of
Finance Charge Receivables processed
during the related Monthly Period
which were allocated in respect of the
Class A Certificates.................. $ 6,557,845.18
-----------------
</TABLE>
C-6
<PAGE> 7
<TABLE>
<S> <C>
(b) The aggregate amount of Collections of
Finance Charge Receivables processed
during the related Monthly Period
which were allocated in respect of the
Class B Certificates.................. $ 498,549.62
-----------------
(c) The aggregate amount of Collections of
Finance Charge Receivables processed
during the related Monthly Period
which were allocated in respect of the
Collateral Interest................... $ 613,599.57
-----------------
9. Principal Funding Account
(a) The principal amount on deposit in
the Principal Funding Account on
the related Transfer Date............. $ 0.00
-----------------
(b) The Accumulation Shortfall with
respect to the related Monthly
Period................................ $ 0.00
-----------------
(c) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date......................... $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall............................. $ 0.00
-----------------
(e) The amount of all or the portion of
the Reserve Draw Amount deposited
in the Finance Charge Account on
the related Transfer Date from the
Reserve Account....................... $ 0.00
-----------------
10. Reserve Draw Amount......................... $ 0.00
-----------------
11. Available Funds
(a) The amount of Class A Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date......................... $ 6,557,845.18
-----------------
(b) The amount of Class B Available
Funds on deposit in the Finance
Charge Account on the related
Transfer Date......................... $ 498,549.62
-----------------
</TABLE>
C-7
<PAGE> 8
<TABLE>
<S> <C>
(c) The amount of Collateral Available Funds on deposit
in the Finance Charge Account on the related
Transfer Date.......................................... $ 613,599.57
-----------------
12. Portfolio Yield
(a) The Portfolio Yield (Net) for the related Monthly
Period................................................... 12.5468%
-----------------
(b) The Portfolio Adjusted Yield for the related
Monthly Period........................................... 4.6339%
-----------------
C. Floating Rate Determinations
1. LIBOR for the Interest Period ending on this
Distribution Date........................................ 5.43750%
------------------
</TABLE>
BANK OF AMERICA NATIONAL
ASSOCIATION
TRANSFEROR AND SERVICER
By: /s/ MARGARET A. SPRUDE
---------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
C-8
<PAGE> 1
EX-20.3
AMENDED SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
MONTHLY PERIOD ENDING MARCH 31, 1997
BANK OF AMERICA NATIONAL ASSOCIATION
BA MASTER CREDIT CARD TRUST SERIES 1996-A
<TABLE>
<S> <C>
1. The aggregate amount of the Investor Percentage of Collections
of Principal Receivables........................................ $ 60,108,090.94
-------------------------
2. The aggregate amount of the Investor Percentage of Collections
of Finance Charge Receivables (excluding Interchange)........... $ 7,434,985.09
-------------------------
3. The aggregate amount of the Investor Percentage of Interchange.. $ 651,675.95
-------------------------
4. The aggregate amount of Servicer Interchange.................... $ 416,666.67
-------------------------
5. The aggregate amount of funds on deposit in Finance Charge
Account allocable to the Series 1996-A Certificates........... $ 7,669,994.37
-------------------------
6. The aggregate amount of funds on deposit in the Principal
Account allocable to the Series 1996-A Certificates............ $ 60,108,090.94
-------------------------
7. The aggregate amount of funds on deposit in the Principal
Funding Account allocable to the Series 1996-A Certificates..... $ 0.00
-------------------------
8. The aggregate amount to be withdrawn from the Finance Charge
Account and paid in accordance with the Loan Agreement
pursuant to Section 4.11........................................ $ 0.00
-------------------------
9. The excess, if any, of the Required Collateral Interest over
the Collateral Interest......................................... $ 0.00
-------------------------
10. The Collateral Interest on the Transfer Date of the current
calendar month, after giving effect to the deposits and
withdrawals specified above, is equal to........................ $ 40,000,000.00
-------------------------
11. The amount of Monthly Interest, Deficiency Amounts and
Additional Interest payable to the
(i) Class A Certificateholders............................. $ 1,917,307.81
-------------------------
</TABLE>
S-1
<PAGE> 2
<TABLE>
<S> <C>
(ii) Class B Certificateholders............................. $ 149,949.13
------------------------
(iii) Collateral Interest Holder............................. $ 188,097.22
------------------------
12. The amount of principal payable to the
(i) Class A Certificateholders............................. $ 0.00
-------------------------
(ii) Class B Certificateholders............................. $ 0.00
-------------------------
(iii) Collateral Interest Holder............................. $ 0.00
-------------------------
13. The sum of all amounts payable to the
(i) Class A Certificateholders............................. $ 1,917,307.81
-------------------------
(ii) Class B Certificateholders ............................ $ 149,949.13
-------------------------
(iii) Collateral Interest Holder............................ $ 188,097.22
-------------------------
</TABLE>
14. To the knowledge of the undersigned, no Series
1996-A Pay Out Event or Trust Pay Out Event has
occurred except as described below:
None
IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Certificate this 28th of MAY, 1997.
BANK OF AMERICA NATIONAL
ASSOCIATION
TRANSFEROR AND SERVICER
By: /s/ MARGARET A. SPRUDE
----------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
S-2
<PAGE> 1
EX-20.4
AMENDED MONTHLY SERVICER'S CERTIFICATE
(This represents Series 1996-A only)
Monthly Period Ending MARCH 31, 1997
Bank of America National Association
-------------------------------------------------
BA MASTER CREDIT CARD TRUST
-------------------------------------------------
1. Capitalized terms used in this Certificate have their
respective meanings set forth in the Pooling and Servicing Agreement; provided,
that the "preceding Monthly Period" shall mean the Monthly Period immediately
preceding the calendar month in which this Certificate is delivered. This
Certificate is delivered pursuant to subsection 3.04 (b) of the Pooling and
Servicing Agreement. References herein to certain sections and subsections are
references to the respective sections and subsections of the Pooling and
Servicing Agreement.
2. Bank of America National Association is Servicer under the
Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. The date of this Certificate is a Determination Date under
the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
5. The aggregate amount of Collections
processed during the Monthly Period
was equal to (excluding Annual
Membership Fees and Interchange).......................... $ 517,867,653.12
----------------
6. The Aggregate Investor Percentage of Receivables processed by
Servicer during the preceding Monthly Period was equal
to........................................................ $ 64,771,759.05
----------------
7. The Aggregate Investor Percentage of
Collections of Finance Charge
Receivables processed by the Servicer
during the preceding Monthly Period
was equal to (excluding Annual
Membership Fees and Interchange).......................... $ 7,239,855.37
----------------
8. The aggregate amount of Receivables
processed by the Servicer as of the
end of the last day of the preceding
Monthly Period............................................ $ 498,520,403.99
----------------
9. Of the balance on deposit in the Finance Charge Account, the
amount attributable to the Aggregate Investor Percentage of
Collections processed by the Servicer during the preceding Monthly
Period ................................................... $ 8,086,661.04
----------------
</TABLE>
C-1
<PAGE> 2
<TABLE>
<S> <C>
10. Of the balance on deposit in the Principal Account, the amount
attributable to the Aggregate Investor Percentage of Collections
processed by the Servicer during the preceding Monthly
Period.................................................... $ 60,108,090.94
----------------
11. The aggregate amount, if any, of withdrawals, drawings or payments
under any Credit Enhancement, if any, required to be made with
respect to any Series outstanding for the preceding Monthly
Period.................................................... $ 0.00
----------------
12. The Aggregate Investor Percentage of Collections of Principal
Receivables processed by the Servicer during the related Monthly
Period is equal to........................................ $ 60,108,090.94
----------------
13. The amount equal to the Aggregate Investor Percentage of Annual
Membership Fees deposited to the Finance Charge Account or any
Series Account on or before the Transfer Date during the current
month is equal to......................................... $ 195,129.72
----------------
14. The aggregate amount of Interchange to be deposited in the Finance
Charge Account on the Transfer Date of the current month is equal
to........................................................ $ 651,675.95
----------------
15. The aggregate amount of all sums payable to the Investor
Certificateholder of each Series on the succeeding Distribution
Date with respect to Certificate Principal................ $ 0.00
----------------
16. The aggregate amount of all sums payable to the Investor
Certificateholder of each Series on the succeeding Distribution
Date with respect to Certificate Interest................. $ 2,255,354.16
----------------
17. The aggregate amount of Default Amounts processed by the Servicer
as of the end of the last day of the preceding Monthly
Period.................................................... $ 22,003,102.21
----------------
18. To the knowledge of the undersigned, there are no Liens on any
Receivables in the Trust except as described below:
None
</TABLE>
C-2
<PAGE> 3
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this certificate this 28th day of MAY, 1997.
BANK OF AMERICA NATIONAL ASSOCIATION
Transferor and Servicer
By: /s/ MARGARET A. SPRUDE
---------------------------------------
Name: Margaret A. Sprude
Title: SVP & Chief Financial Officer
C-3
