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EXHIBIT 20.2
FIRST UNION MASTER CREDIT CARD TRUST
TRUST AND SERIES SUMMARY
JUL-00
<TABLE>
<CAPTION>
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TOTAL TRUST FEB-00 MAR-00 APR-00
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<S> <C> <C> <C>
Total Ending Balance 2,019,788,569 1,999,964,228 2,009,330,661
ENDING PRINCIPAL BALANCE 1,943,604,997 1,925,793,720 1,932,556,297
ENDING NON-PRINCIPAL BALANCE 76,183,572 74,170,508 76,774,364
YIELD 37,474,738 22.79% 38,771,196 23.94% 34,136,229 21.27%
CHARGE-OFFS (8,164,578) -4.97% (7,197,110) -4.44% (6,720,067) -4.19%
NET YIELD: (YIELD - C/O) 29,310,160 17.83% 31,574,085 19.49% 27,416,162 17.08%
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SERIES 1996-1 FEB-00 MAR-00 APR-00
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ORIGINAL INVESTOR BALANCE 1,115,151,821 1,115,151,821 1,115,151,821
ADJUSTED INVESTOR BALANCE
FIXED INVESTOR PERCENTAGE 56.52% 57.38% 57.91%
FLOATING INVESTOR PERCENTAGE
----------- ----------- -----------
3-MONTH AVG. EXCESS SERVICING 9.40% 9.83% 9.92%
----------- ----------- -----------
YIELD 21,182,202 22.79% 22,245,142 23.94% 19,766,955 21.27%
CHARGE-OFFS (4,614,942) -4.97% (4,129,373) -4.44% (3,891,328) -4.19%
CERTIFICATE INTEREST (5,478,045) -5.89% (6,355,026) -6.84% (5,501,645) -5.92%
SERVICING FEE (1,858,586) -2.00% (1,858,586) -2.00% (1,858,586) -2.00%
EXCESS SERVICING 9,230,630 9.93% 9,902,157 10.66% 8,515,396 9.16%
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</TABLE>
<TABLE>
<CAPTION>
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TOTAL TRUST MAY-00 JUN-00 JUL-00
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<S> <C> <C> <C>
Total Ending Balance 1,997,098,756 1,989,650,511 1,998,487,399
ENDING PRINCIPAL BALANCE 1,922,509,190 1,915,560,381 1,921,906,304
ENDING NON-PRINCIPAL BALANCE 74,589,566 74,090,130 76,581,095
YIELD 39,771,616 24.70% 37,468,820 23.39% (1) 35,062,741 21.97% (1)
CHARGE-OFFS (7,468,454) -4.64% (7,242,448) -4.52% (6,702,783) -4.20%
NET YIELD: (YIELD - C/O) 32,303,162 20.06% 30,226,372 18.87% 28,359,958 17.77%
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SERIES 1996-1 MAY-00 JUN-00 JUL-00
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ORIGINAL INVESTOR BALANCE 1,115,151,821 1,115,151,821 1,115,151,821
ADJUSTED INVESTOR BALANCE 987,528,609
FIXED INVESTOR PERCENTAGE 57.70% 58.01% 58.22%
FLOATING INVESTOR PERCENTAGE 51.55%
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3-MONTH AVG. EXCESS SERVICING 10.31% 9.95% 9.94%
----------- ----------- -----------
YIELD 22,949,598 24.70% 21,780,596 23.44% (1) 18,674,784 22.69% (1)
CHARGE-OFFS (4,309,556) -4.64% (4,200,983) -4.52% (3,455,485) -4.20%
CERTIFICATE INTEREST (6,468,013) -6.96% (6,804,281) -7.32% (6,072,672) -7.38%
SERVICING FEE (1,858,586) -2.00% (1,858,586) -2.00% (1,645,881) -2.00%
EXCESS SERVICING 10,313,442 11.10% 8,916,745 9.60% 7,500,746 9.11%
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</TABLE>
(1) Series 1996-1 began its accumulation period June 2000 - yield percentages
at the trust level will be different than those at the series level due
to interest income on the Reserve Account and Principal Funding Account
