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<CAPTION>
Household Consumer Loan Trust, Series 1997-1
Deposit Trust Calculations
Previous Due Period Ending Aug 31, 2000
Current Due Period Ending Sep 30, 2000
Prior Distribution Date Sep 14, 2000
Distribution Date Oct 13, 2000
<S> <C>
Beginning Trust Principal Receivables 3,836,588,097.46
Average Principal Receivables 3,836,428,089.12
FC&A Collections (Includes Recoveries) 62,563,942.68
Principal Collections 109,782,387.69
Additional Balances 45,086,252.81
Net Principal Collections 64,696,134.88
Defaulted Amount 24,564,851.61
Miscellaneous Payments 0.00
Principal Recoveries 1,153,850.68
Beginning Participation Invested Amount 338,382,376.94
Beginning Participation Unpaid Principal Balance 338,382,376.94
Ending Participation Invested Amount 330,509,338.77
Ending Participation Unpaid Principal Balance 330,509,338.77
Accelerated Amortization Date Feb 28, 2002
Is it the Accelerated Amortization Period? 0=No 0
OC Balance as % of Ending Participation Invested 8.521%
Amount (3 month average)
Is it Early Amortization? (No, if 3 month OC Average 0
>or=4.25%)
Investor Finance Charges and Administrative
Collections
Numerator for Floating Allocation 338,382,376.94
Numerator for Fixed Allocation 346,554,961.18
Denominator - Max(Sum of Numerators, Principal 3,836,428,089.12
Receivables)
Applicable Allocation Percentage 8.8202%
Investor FC&A Collections 5,518,293.36
Series Participation Interest Default Amount
Numerator for Floating Allocation 338,382,376.94
Denominator - Max(Sum of Numerators, Principal 3,836,428,089.12
Receivables)
Floating Allocation Percentage 8.8202%
Series Participation Interest Default Amount 2,166,680.23
Principal Allocation Components
Numerator for Floating Allocation 338,382,376.94
Numerator for Fixed Allocation 346,554,961.18
Denominator - Max(Sum of Numerators, Principal 3,836,428,089.12
Receivables)
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Series Participation Interest Monthly Interest
(a) Series Participation Interest Pass Through Rate, 8.0000%
[Max(b,c)]
(b) Prime Rate minus 1.50% 8.0000%
(c) Rate Sufficient to Cover Interest, Yield and 7.0190%
Accelerated Principal Pmt Amount
(d) Series Participation Interest Unpaid Principal 338,382,376.94
Balance
(e) Actual days in the Interest Period 29
Series Participation Monthly Interest, [a*d*e] 2,180,686.43
Series Participation Interest Interest Shortfall 0.00
Previous Series Participation Interest Interest 0.00
Shortfall
Additional Interest 0.00
Series Participation Interest Monthly Principal
Available Investor Principal Collections, [a+m+n] 7,873,038.17
(a) Investor Principal Collections, [Max(b,h) or e] 5,706,357.94
(b) prior to Accelerated Amort. Date or not Early 5,706,357.94
Amort. Period, [c*d]
(c) Floating Allocation Percentage 8.8202%
(d) Net Principal Collections 64,696,134.88
(e) after Accelerated Amort Date or Early Amort 9,916,941.02
Period, [f*g]
(f) Fixed Allocation Percentage 9.0333%
(g) Collections of Principal
109,782,387.69
(h) Minimum Principal Amount, [Min(i,l)] 5,277,732.06
(i) Floating Allocation Percentage of Principal 9,683,076.14
Collections
(j) 2.2% of the Series Participation Interest 7,444,412.29
Invested Amount
(k) Series Participation Interest Net Default Payment 2,166,680.23
Amount
(l) the excess of (j) over (k) 5,277,732.06
(m) Series Participation Interest Net Default Payment 2,166,680.23
Amount
(n) Optional Repurchase Amount (principal only) at 0.00
Sec. 9
Application of Investor Finance Charges and Admin
Collections
Investor Finance Charges and Admin. Collections [Sec. 5,518,293.36
4.11(a)]
Series Servicing Fee paid if HFC is not the Servicer 0.00
[Sec. 4.11(a)(i)]
plus any unpaid Series Servicing Fee of other than HFC 0.00
Series Participation Interest Monthly Interest [Sec. 2,180,686.43
4.11(a)(ii)]
Series Participation Interest Interest Shorfall [Sec. 0.00
4.11(a)(ii)]
Additional Interest [Sec. 4.11(a)(ii)] 0.00
Series Participation Interest Default Amount [Sec. 2,166,680.23
4.11(a)(iii)]
Reimbursed Series Participation Interest Charge-Offs 0.00
[Sec. 4.11(a)(iv)]
Servicing Fee Paid [Sec. 4.11(a)(v)] 563,970.63
Excess [Sec. 4.11(a)(vi)] 606,956.07
Series Participation Investor Charge Off [Sec. 0.00
4.12(a)]
Seller's Interest
1,345,127,181.41
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<TABLE>
Series 1997-1 Owner Trust Calculations
Due Period September
2000
Payment Date Oct 16, 2000
<S> <C>
Optimum Monthly Principal [a+b+c]
(a) Available Investor Principal Collections 7,873,038.17
(b) Series Participation Interest Charge Offs 0.00
(c) Lesser of Excess Interest and Carryover Charge 0.00
offs
Accelerated Principal Payment 70,496.33
Series Participation Interest Monthly Interest 2,180,686.43
Allocation of Optimum Monthly Principal and Series
Part. Interest Monthly Interest
Interest and Yield
Pay Class A-1 Interest Distribution- Sec. 1,021,773.11
3.05(a)(i)(a)
Pay Class A-2 Interest Distribution- Sec. 200,217.80
3.05(a)(i)(b)
Pay Class A-3 Interest Distribution- Sec. 264,071.14
3.05(a)(i)(c)
Pay Class B Interest Distribution- Sec. 201,279.53
3.05(a)(i)(d)
Pay Certificates the Certificate Yield- Sec. 155,450.16
3.05(a)(i)(e)
Principal up to Optimum Monthly Principal Balance
Pay Class A-1 to Targeted Principal Balance- Sec. 4,021,780.90
3.05(a)(ii)(a)
Pay Class A-2 to Targeted Principal Balance subject 787,303.81
to Min Adj Bal- Sec. 3.05(a)(ii)(b)
Pay Class A-3 to Targeted Principal Balance subject 1,023,494.97
to Min Adj Bal- Sec. 3.05(a)(ii)(c)
Pay Class B to Targeted Principal Balance subject to 747,938.62
Min Adj Bal- Sec. 3.05(a)(ii)(d)
Pay Certificate Yield if not paid pursuant to Sec. 0.00
3.05 (a)(i)(e)
Principal up to Optimal Monthly Principal
Pay Certificate to Targeted Principal Balance 551,112.68
subject to Min Adj Bal- Sec. 3.05(a)(iii)
Pay OC Remaining Optimal Monthly Prin Amt subject to 741,407.19
OC Min Bal- Sec. 3.05(a)(iv)
Principal up to Accelerated Principal Payment Amout
Pay Class A-1 to Targeted Principal Balance subject 0.00
to Min Adj Bal- Sec. 3.05(a)(v)(a)
Pay Class A-2 to Targeted Principal Balance subject 0.00
to Min Adj Bal- Sec. 3.05(a)(v)(b)
Pay Class A-3 to Targeted Principal Balance subject 0.00
to Min Adj Bal- Sec. 3.05(a)(v)(c)
Pay Class B to Targeted Principal Balance subject to 0.00
Min Adj Bal- Sec. 3.05(a)(v)(d)
Pay Class A-1 to zero- Sec. 3.05(a)(v)(e) 70,496.33
Pay Class A-2 to zero- Sec. 3.05(a)(v)(f) 0.00
Pay Class A-3 to zero- Sec. 3.05(a)(v)(g) 0.00
Pay Class B to zero- Sec. 3.05(a)(v)(h) 0.00
Principal up to Optimal Monthly Principal
Pay Class A-1 to zero- Sec. 3.05(a)(vi)(a) 0.00
Pay Class A-2 to zero- Sec. 3.05(a)(vi)(b) 0.00
Pay Class A-3 to zero- Sec. 3.05(a)(vi)(c) 0.00
Pay Class B to zero- Sec. 3.05(a)(vi)(d) 0.00
Pay Certificates up to Certificate Minimum Balance 0.00
or zero- Sec. 3.05(a)(vi)(e)
Pay HCLC Optimum Monthly Principal provided OC >0- 0.00
Sec. 3.05(a)(vi)(f)
Remaining Amounts to Holder of Designated Certificate 267,398.36
- Sec. 3.05(a)(vii)
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Allocations of Distributions to Overcollateralization
Amount
Available Distributions
Pay OC Remaining Optimal Monthly Prin Amt 741,407.19
subject to OC Min Bal- Sec. 3.05(a)(iv)
Pay HCLC Optimum Monthly Principal provided OC 0.00
>0- Sec. 3.05(a)(vi)
To Designated Certificate Holder up to total 70,496.33
Accelerated Principal Payments
To Designated Certificate Holder up to Holdback Amount 670,910.86
To HCLC any remaining amounts 0.00
Principal paid to the Designated Certificate 5,511.13
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Household Consumer
Loan Trust, 1997-1
Series 1997-1 Owner
Trust Calculations
Due Period Ending Sep 30, 2000
Payment Date Oct 16, 2000
Calculation of
Interest Expense
Index (LIBOR) 6.621250%
Accrual end date, Oct 16, 2000 Sep 15, 2000 31
accrual beginning date
and days in Interest Period
<S> <C> <C> <C> <C> < C> <C>
Class A-1 Class A-2 Class A-3 Class B Certificates Overcoll
Amount
Beginning Unpaid 175,886,637 33,838,238 43,989,709 32,146,326 23,686,766 28,834,701
Principal Balance
Previously unpaid 0.00 0.00 0.00 0.00 0.00
interest/yield
Spread to index 0.125% 0.250% 0.350% 0.650% 1.000%
Rate (capped at 12.5%, 6.746250% 6.871250% 6.971250% 7.271250% 7.621250%
14%, 14%, 14%, 15%)
Interest/Yield 1,021,773 200,218 264,071 201,280 155,450
Payable on the
Principal Balance
Interest on previously 0 0 0 0 0
unpaid interest/yield
Interest/Yield Due 1,021,773 200,218 264,071 201,280 155,450
Interest/Yield Paid 1,021,773 200,218 264,071 201,280 155,450
Summary
Beginning Security
Balance 175,886,637 33,838,238 43,989,709 32,146,326 23,686,766 28,834,701
Beginning Adjusted
Balance 175,886,637 33,838,238 43,989,709 32,146,326 23,686,766
Principal Paid
4,092,277 787,304 1,023,495 747,939 551,113 741,407
Ending Security
Balance 171,794,360 33,050,934 42,966,214 31,398,387 23,135,654 28,163,790
Ending Adjusted
Balance 171,794,360 33,050,934 42,966,214 31,398,387 23,135,654
Ending Certificate 7.0000%
Balance as %
Participation Interest
Invested Amount
Targeted Balance
171,864,856 33,050,934 42,966,214 31,398,387 23,135,654
Minimum Adjusted
Balance 16,000,000 20,800,000 15,200,000 11,200,000 13,600,000
Certificate Minimum
Balance 3,338,475
Ending OC Amount as
Holdback Amount 19,854,158
Ending OC Amount as
Accelerated Prin Pmts 8,309,632
Beginning Net Charge
offs - - - - - -
Reversals
- - - - - -
Charge offs
- - - - - -
Ending Net Charge Offs
- - - - - -
Interest/Yield Paid $1.4004566 $4.1712042 $4.2319093 $4.4140248 $4.6264929
per $1000
Principal Paid per $5.6089326 $16.4021627 $16.4021630 $16.4021627 $16.4021631
$1000
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