<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
August 15, 1999
------------------------------
Travelers Bank Credit Card Master Trust I
-----------------------------------------
Delaware 333-40381 52-2069082
---------------------------------------------------------------------
State of other (Commission File Number) (IRS Employer
jurisdiction of incorporation Identification No)
Suite 300B
100 Commerce Drive
Newark, Delaware 19713
---------------------------------------------------------------------
(302) 451-6456
--------------
<PAGE>
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
August 15, 1999 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 USA, 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 August 15, 1999 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.
<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 hereunto duly authorized
Dated: 8/15/99 TRAVELERS BANK CREDIT CARD MASTER TRUST!
By: TRAVELERS BANK USA,
FSB,
AS SERVICER
By: /s/ Charles Haug
----------------------------
Name: Charles Haug
Title: Senior Vice President
<PAGE>
INDEX OF EXHIBITS
Exhibit Number Exhibit Description
- -------------- -------------------
20.1 Monthly Report relating to the August 15, 1999 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.
<PAGE>
MONTHLY CERTIFICATEHOLDER'S STATEMENT SERIES 1998-1
TRAVELERS BANK USA
TRAVELERS BANK CREDIT CARD MASTER TRUST I
----------------------------------
MONTHLY PERIOD ENDING 7/31/99
----------------------------------
The information which is required to be prepared with respect to this
Distribution Date the 15th of August, 1999 and with respect to the
performance of the trust during the month of July, 1999 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
2. The amount of distribution in respect of Class B Monthly Principal 0
3. The amount of distribution in respect of Class C Monthly Principal 0
4. The amount of the distribution in respect of Class A Monthly
Interest 5.00
5. The amount of distribution in respect of any accrued and unpaid
Class A Monthly Interest. 0
6. The amount of distribution in respect of Class A Additional Interest 0
7. The Amount of distribution in respect of any accrued and unpaid
Class B Monthly Interest 0
8. The amount of distribution in respect of any accrued and unpaid
Class B Monthly Interest 0
9. The amount of distribution in respect of Class B Additional Interest 0
10. The amount of the distribution in respect of Class C Monthly Interest 0
11. The amount of distribution in respect of any accrued and unpaid
Class C Monthly Interest 0
12. The amount of distribution in respect of Class C Additional Interest 0
</TABLE>
<PAGE>
1. PRINCIPAL RECEIVABLES
---------------------
<TABLE>
<CAPTION>
<S> <C> <C>
(a) The aggregate amount of Collections of Principal
Receivables processed during the related Monthly
Period, which were allocable in respect of
Class A Certificates. 55,972,838.99
(b) The aggregate amount of Collections of Principal
Receivables processed during the related Monthly
Period, which, were allocable in respect of
Class B Certificates 3,075,033.17
(c) The aggregate amount of Collections of Principal
Receivables processed during the related. Monthly
Period, which were allocable in respect
of Class C Certificates 2,460,026.53
</TABLE>
2. PRINCIPAL RECEIVABLES IN THE TRUST
----------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
(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 302,474,752.25
(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>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
(f) The Floating Investor Percentage with respect
to the Monthly Period 85.01%
(g) The Class A Floating Investor percentage with
respect to the Monthly Period 77.36%
(h) The Class B Floating Investor Percentage with the
respect to the Monthly Period 4.25%
(i) The Class C Floating Investor Percentage with
respect to the Monthly Period 3.40%
(j) The Principal Investor Percentage with respect to
the Monthly Period. 85.01%
(k) The Class A Principal Investor Percentage with
respect to the Monthly Period 77.36%
(l) The Class B Principal Investor Percentage with
respect to the Monthly Period 4.25%
(m) The Class C Principal Investor Percentage with
respect to the Monthly Period 3.40%
</TABLE>
3. DELINQUENT BALANCES
-------------------
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
----------------- ------------
<S> <C> <C>
(a) 31-60 days .58% 1,767,468.42
(b) 61-60 days .21% 641,427.19
(c) 91-120 days .24% 733,978.31
(d) Over 120 days .44% 1,338,361.11
Total 1.48% 4,481,235.03
</TABLE>
<PAGE>
4. INVESTOR DEFAULT AMOUNT
-----------------------
<TABLE>
<CAPTION>
<S> <C> <C>
(a) The Aggregate Investor Default Amount for the
related Monthly Period 861,277.26
(b) The Class A Investor Default Amount for the
related Monthly Period 783,771.42
(c) The Class B Investor Default Amount for the
related Monthly Period 43,058.80
(d) The Class C Investor Default Amount for the
related Monthly Period 34,447.04
</TABLE>
<PAGE>
5. INVESTOR CHARGE-OFFS
--------------------
<TABLE>
<CAPTION>
<S> <C> <C>
(a) The aggregate amount of Class A Investor Charge-Offs for
the related Monthly Period 0
(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
(c) The aggregate amount of Class B Investor Charge-Offs for
the related Monthly Period 0
(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
(e) The aggregate amount of Class C Investor Charge-Offs for
the related Monthly Period 0
(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
(g) The aggregate amount of Class A Investor Charge-Offs
reimbursed on the Distribution Date 0
(h) The aggregate amount of Class A Investor Charge-Offs set
forth in 5 (g) above per $1,000 original certificate
principal amount 0
(i) The aggregate amount of Class B Investor Charge-Offs
reimbursed on the Distribution Date 0
(j) The aggregate amount of Class B Investor Charge-Offs set
forth in 5 (g) above per $1,000 original certificate
principal amount 0
(k) The aggregate amount of Class C Investor Charge-Offs
reimbursed on the Distribution Data 0
(l) The aggregate amount of Class C Investor Charge-Offs
set forth in 5 (g) above per $1,000 original certificate
principal amount. 0
</TABLE>
<PAGE>
6. INVESTOR SERVICING FEE
----------------------
<TABLE>
<CAPTION>
<S> <C> <C>
(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
</TABLE>
7. REALLOCATIONS
-------------
<TABLE>
<CAPTION>
<S> <C> <C>
(a) The amount of Reallocated Class C Principal
Collections with respect to this Distribution Date 0
(b) The amount of Reallocated Class B Principal
Collections with respect to this Distribution Date 0
(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
</TABLE>
8. PRINCIPAL FUNDING ACCOUNT
-------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
(a) The principal amount on deposit in the Principal
Funding Account on this Distribution Date (prior to
withdrawals) 0
(b) The Deficit Controlled Accumulation Amount for the
related Monthly Period 0
(c) The Principal Funding Account Investment Proceeds
deposited in the Collections Account to be treated
as Class A Available Funds 0
</TABLE>
<PAGE>
9. AVAILABLE FUNDS
---------------
<TABLE>
<CAPTION>
<S> <C> <C>
(a) The amount of Class A Available Funds on deposit in
the Collections Account for this Distribution Date 2,904,151.00
(b) The amount of Class B Available Funds on deposit in
the Collections Account for this Distribution Date 159,548.11
(c) The amount of Class C Available Funds on deposit in
the Collections Account for this Distribution Date 127,638.49
</TABLE>
10. PORTFOLIO YIELD
---------------
<TABLE>
<CAPTION>
<S> <C> <C>
(a) The Net Portfolio Yield for the related Monthly Period 11.18%
(b) The Base Rate for the related Monthly Period 7.46%
</TABLE>
TRAVELERS BANK USA
Servicer
By: /s/CHARLES HAUG
-----------------------------
Name: Charles Haug
Title: Senior Vice President
<PAGE>
SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
SERIES 1998-1
TRAVELERS BANK USA
TRAVELERS BANK CREDIT CARD MASTER TRUST I
------------------------------------------
MONTHLY PERIOD ENDING 7/31/1999
------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
1. The Aggregate amount of the Investor Percentage of
Collections of Principal Receivables (net of Discount
Option Collections) 61,507,898.69
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) 2,254,669.09
3. The aggregate amount of the Investor Percentage of
Discount Option Collections 936,668.51
4. The aggregate amount of funds allocable to Series
1998-1 in respect of Finance Charge Receivables 3,191,337.60
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
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
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
(iii) Class C Interests 0
9. The amount of principal payable to the 0
(i) Class A Certificateholders 0
(ii) Class B Certificateholders 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
(iii) Class C Interests 0
10. The sum of all amounts payable to the
(i) Class A Certificateholders 1,137,500.00
(ii) Class B Certificateholders 0
(iii) Class C Interests 0
</TABLE>
To the knowledge of the undersigned, no Series 1998-1
Pay Out Event or Trust Payout Event has occurred except as described below
None
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
certificate this 15 day of August 1999
TRAVELERS BANK USA
SERVICER
By: /s/ CHARLES HAUG
-------------------------
Name: Charles Haug
Title: Senior Vice President
