<PAGE>
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
September 15, 1998
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Travelers Bank Credit Card Master Trust I
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Delaware 333-40381 52-2069082
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State of other (Commission File Number) (IRS Employer
jurisdiction of incorporation Identification No)
Suite 300B
100 Commerce Drive
Newark, Delaware 19713
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(302) 451-6456
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TRAVELERS BANK CREDIT CARD MASTER TRUST I
CURRENT REPORT ON FORM 8-K
ITEM 5. OTHER EVENTS.
Information relating to (i) the distributions to Certificateholders for the
September 15, 1998 Distribution date in respect of the Class A 6.00%
Asset-Backed Certificates, Series 1998-1 Issued by Travelers Bank Credit Card
Master Trust I and (ii) the performance of Travelers Bank Credit Card Master
Trust I and iii( certain other information relating to the Class A 6.00%
Asset Backed Certificates, Series 1998-1 is contained in the Monthly Report
provided to Certificateholders pursuant to the Pooling and Servicing
Agreement (the "Pooling and Servicing Agreement") dated as of March 1, 1998
among CC Credit Card Corporation, as Transferor, Travelers Bank & Trust fsb,
as Servicer and the Bank of New York as Trustee. Capitalized terms used
herein but not otherwise defined shall have the meanings ascribed to them in
the Pooling and Servicing Agreement.
ITEM 7. FINANCIAL STATEMENT, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
EXHIBITS
Exhibit Number Exhibit Description
- -------------- -------------------
20.1 Monthly report relating to the September 15, 1998
Distribution Date in respect of the Class A.6.00%
Asset-Backed Certificates, Series 1998-1 issued by
Travelers Bank Credit Card Master Trust I.
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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 hereunto duly authorized
Dated: 8/11/98 TRAVELERS BANK CREDIT CARD MASTER TRUST!
By: TRAVELERS BANK & TRUST,
FSB,
AS SERVICER
By: /s/ John J. Rosko
----------------------------
Name: John J. Rosko
Title: Vice President
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INDEX OF EXHIBITS
Exhibit Number Exhibit Description
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20.1 Monthly Report relating to the September 15, 1998
Distribution Date in respect of the Class A 6.00%
Asset-Backed Certificates, Series 1998-1 issued by
Travelers Bank Credit Card Master Trust I.
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MONTHLY CERTIFICATEHOLDER'S STATEMENT SERIES 1998-1
TRAVELERS BANK & TRUST, FSB
TRAVELERS BANK CREDIT CARD MASTER TRUST I
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MONTHLY PERIOD ENDING 8/31/98
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The information which is required to be prepared with respect to this
Distribution Date the 15th of September, 1998 and with respect to the
performance of the trust during the month of August, 1998 is set forth below.
Capitalized terms used in this statement have their respective meanings set
forth in the Pooling and Servicing Agreement
A. Information Regarding the Current Monthly Distribution to Certificate
holders (Stated on the Basis of $1,000 Original Certificate Principal
Amount)
<TABLE>
<CAPTION>
<S> <C> <C>
1. The amount of distribution in respect of Class A Monthly Principal $0.00000000
2. The amount of distribution in respect of Class B Monthly Principal $0.00000000
3. The amount of distribution in respect of Class C Monthly Principal $0.00000000
4. The amount of the distribution in respect of Class A Monthly Interest $5.00000000
5. The amount of distribution in respect of any accrued and unpaid
Class A Monthly Interest. $0.00000000
6. The amount of distribution in respect of Class A Additional Interest $0.00000000
7. The Amount of distribution in respect of any accrued and unpaid
Class B Monthly Interest $0.00000000
8. The amount of distribution in respect of any accrued and unpaid
Class B Monthly Interest $0.00000000
9. The amount of distribution in respect of Class B Additional Interest $0.00000000
10. The amount of the distribution in respect of Class C Monthly Interest $0.00000000
11. The amount of distribution in respect of any accrued and unpaid
Class C Monthly Interest $0.00000000
12. The amount of distribution in respect of Class C Additional Interest $0.00000000
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
1. PRINCIPAL RECEIVABLES
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(a) The aggregate amount of Collections of Principal Receivables
processed during the related Monthly Period, which were allocable
in respect of Class A Certificates. $58,263,005.34
(b) The aggregate amount of Collections of Principal Receivables
processed during the related Monthly Period, which, were
allocable in respect of Class B Certificates $ 3,199,501.87
(c) The aggregate amount of Collections of Principal Receivables
processed during the related. Monthly Period, which were
allocable in respect of Class C Certificates $ 2,558,074.28
2. PRINCIPAL RECEIVABLES IN THE TRUST
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(a) The aggregate amount of Principal Receivables in the Trust as
of the and of the day on the last day of the Monthly Period $295,188,125.57
(b) The amount of Principal Receivables in the Trust represented by
the Investor Interest of Series 1998-1 as of the end of the day
on the last day of the Monthly Period $250,000,000.00
(c) The amount of Principal Receivables in the Trust represented
by the Class A Investor Interest of Series 1998-1 as of the end
of the day on the last day of the Monthly Period $227,500,000.00
(d) The amount of Principal Receivables in the Trust represented
by the Class B Investor Interest of Series 1998-1 as of the end
of the last day of the Monthly Period $ 12,500,000.00
(e) The amount of Principal Receivables in the Trust represented
by the Class C Investor Interest of Series 1998-1 as of the end
of the day on the last day of the Monthly Period $ 10,000,000.00
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
(f) The Floating Investor Percentage with respect to the Monthly
Period 83.84%
(g) The Class A Floating Investor percentage with respect to the
Monthly Period 76.30%
(h) The Class B Floating Investor Percentage with the respect to
the Monthly Period 4.19%
(i) The Class C Floating Investor Percentage with respect to the
Monthly Period 3.35%
(j) The Principal Investor Percentage with respect to the Monthly
Period. 83.84%
(k) The Class A Principal Investor Percentage with respect to the
Monthly Period 76.30%
(l) The Class B Principal Investor Percentage with respect to the
Monthly Period 4.19%
(m) The Class C Principal Investor Percentage with respect to the
Monthly Period 3.35%
</TABLE>
3. DELINQUENT BALANCES
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The aggregate amount of outstanding balances in the Accounts which were
delinquent as of the end of the last day of the related Monthly Period.
<TABLE>
<CAPTION>
Percentage of Aggregate
Total Receivables Balance
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<S> <C> <C>
(a) 31-60 days 0.50% $1,461,726.68
(b) 61-60 days 0.40% $1,168,426.22
(c) 91-120 days 0.27% $ 799,044.73
(d) Over 120 days 0.90% $2,662,658.40
Total 2.06% $6,091,856.03
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
4. INVESTOR DEFAULT AMOUNT
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(a) The Aggregate Investor Default Amount for the related Monthly
Period $769,615.23
(b) The Class A Investor Default Amount for the related Monthly
Period $700,401.27
(c) The Class B Investor Default Amount for the related Monthly
Period $ 38,462.40
(d) The Class C Investor Default Amount for the related Monthly
Period $ 30,751.56
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
5. INVESTOR CHARGE-OFFS
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(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
(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-Offs set forth
in 5 (a) above per $1,000 of original certificate principal
amount $0.00
(e) The aggregate amount of Class C Investor Charge-Offs for the
related Monthly Period $0.00
(f) The aggregate amount of Class C Investor Charge-Offs set forth
in 5 (a) above per $1,000 of original certificate principal
amount $0.00
(g) The aggregate amount of Class A Investor Charge-Offs reimbursed
on the 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 $0.00
(i) The aggregate amount of Class B Investor Charge-Offs reimbursed
on the Distribution Date $0.00
(j) The aggregate amount of Class B Investor Charge-Offs set forth
in 5 (g) above per $1,000 original certificate principal amount $0.00
(k) The aggregate amount of Class C Investor Charge-Offs reimbursed
on the Distribution Data $0.00
(l) The aggregate amount of Class C Investor Charge-Offs set forth
in 5 (g) above per $1,000 original certificate principal amount $0.00
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <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 $ 379,166.67
(b) The amount of the Class B Servicing Fee payable by the Trust
to the Servicer for the related Monthly Period $ 20,833.33
(c) The amount of the Class C Servicing Fee payable by the Trust
to the Servicer for the related Monthly Period $ 16,666.67
7. REALLOCATIONS
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(a) The amount of Reallocated Class C 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 Class C Investor Interest as of the close of business on
this Distribution Date $10,000,000.00
(d) The Class B Investor Interest as of the close of business on
this Distribution Date $12,500,000.00
8. PRINCIPAL FUNDING ACCOUNT
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(a) The principal amount on deposit in the Principal Funding
Account on this Distribution Date (prior to withdrawals) $ 0.00
(b) The Deficit Controlled Accumulation Amount for the related
Monthly Period $ 0.00
(c) The Principal Funding Account Investment Proceeds deposited
in the Collections Account to be treated as Class A Available
Funds $ 0.00
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
9. AVAILABLE FUNDS
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(a) The amount of Class A Available Funds on deposit in the
Collections Account for this Distribution Date $3,417,345.54
(b) The amount of Class B Available Funds on deposit in the
Collections Account for this Distribution Date $ 187,662.88
(c) The amount of Class C Available Funds on deposit in the
Collections Account for this Distribution Date $ 150,040.73
10. PORTFOLIO YIELD
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(a) The Net Portfolio Yield for the related Monthly Period 14.33%
(b) The Base Rate for the related Monthly Period 7.46%
</TABLE>
TRAVELERS BANK & TRUST, FSB
Servicer
By: /s/ John J. Rosko
-----------------------------
Name: John J. Rosko
Title: Vice-President
<PAGE>
SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
SERIES 1998-1
TRAVELERS BANK & TRUST, FSB
TRAVELERS BANK CREDIT CARD MASTER TRUST I
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MONTHLY PERIOD ENDING 8/31/1998
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<TABLE>
<CAPTION>
<S> <C> <C>
1. The Aggregate amount of the Investor Percentage of Collections of
Principal Receivables (net of Discount Option Collections) $64,020,581.49
2. The aggregate amount of the Investor Percentage of Collections of
Finance Charge Receivables (including Annual Membership Fees, Late
Fees, Cash Advance Fees and Other Fees) $ 2,780,116.44
3. The aggregate amount of the Investor Percentage of Discount Option
Collections $ 974,932.71
4. The aggregate amount of funds allocable to Series 1998-1 in respect
of Finance Charge Receivables $ 3,755,049.15
5. The aggregate amount of funds on deposit in the Principal Funding
Account allocable to Series 1998-1 Certificates after taking into
account deposits, but prior to withdrawals on the related
Transfer Date $ 0.00
6. The excess, if any, of the Required Class C Invested Amount over
the Class C Invested Amount (as of the related Transfer Date) $ 0.00
7. The Class C Invested Amount on the Transfer Date of the current
calendar month, after giving effect to the deposits and withdrawals
specified above, is equal to $10,000,000.00
8. The amount of Monthly Interest, Deficiency Amounts, and Additional
Interest payable to the
(i) Class A Certificateholders $ 1,137,500.00
(ii) Class B Certificateholders $ 0.00
(iii) Class C Interests $ 0.00
9. The amount of principal payable to the
(i) Class A Certificateholders $ 0.00
(ii) Class B Certificateholders $ 0.00
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C>
(iii) Class C Interests $ 0.00
10. The sum of all amounts payable to the
(i) Class A Certificateholders $ 1,137,500.00
(ii) Class B Certificateholders $ 0.00
(iii) Class C Interests $ 0.00
To the knowledge of the undersigned, no Series 1998-1
Pay Out Event or Trust Payout Event has occurred except as described below
None
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
certificate this 11th day of September.
TRAVELERS BANK & TRUST, FSB
SERVICER
By: /s/ John J. Rosko
-------------------------
Name: John J. Rosko
Title: Vice President
