Exhibit 20.1
MONTHLY CERTIFICATEHOLDER'S STATEMENT
SERIES 1998-1
TRAVELERS BANK USA
TRAVELERS BANK CREDIT CARD MASTER TRUST I
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MONTHLY PERIOD ENDING 4/30/00
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The information which is required to be prepared with respect to this
Distribution Date the 15th of May, 2000, and with respect to the performance
of the trust during the month of April, 2000 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
CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL CERTIFICATE
PRINCIPAL AMOUNT)
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<S> <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 the distribution in respect of 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
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B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
1. PRINCIPAL RECEIVABLES
(a) The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period, which were allocable in
respect of Class A Certificates $56,010,296.67
(b) The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period, which were allocable in
respect of Class B Certificates $3,080,400.70
(c) The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period, which were allocable in
respect of Class C Certificates $2,464,320.56
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 Monthly Period $270,955,980.67
(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
theday 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 day on 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
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(f) The Floating Investor Percentage with respect
to the Monthly Period 92.92%
(g) The Class A Floating Investor Percentage with
respect to the Monthly Period 84.55%
(h) The Class B Floating Investor Percentage with
respect to the Monthly Period 4.65%
(i) The Class C Floating Investor Percentage with
respect to the Monthly Period 3.72%
(j) The Principal Investor Percentage with respect
to the Monthly Period 92.92%
(k) The Class A Principal Investor Percentage with
respect to the Monthly Period 84.55%
(l) The Class B Principal Investor Percentage with
respect to the Monthly Period 4.65%
(m) The Class C Principal Investor Percentage with
respect to the Monthly Period 3.72%
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.
PERCENTAGE OF AGGREGATE
TOTAL RECEIVABLES BALANCE
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(a) 31-60 days: 0.61% 1,643,128.52
(b) 61-90 days 0.34% 930,562.14
(c) 91-120 days 0.24% 640,182.01
(d) Over 120 days 0.43% 1,164,383.97
Total 1.62% 4,378,256.64
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4. INVESTOR DEFAULT AMOUNT
(a) The Aggregate Investor Default Amount for the
related Monthly Period $809,564.24
(b) The Class A Investor Default Amount for the
related Monthly Period $736,640.73
(c) The Class B Investor Default Amount for the
related Monthly Period $40,513.06
(d) The Class C Investor Default Amount for the
related Monthly Period $32,410.45
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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
(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 Date $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
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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
(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
(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
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9. AVAILABLE FUNDS
(a) The amount of Class A Available Funds on
deposit in the Collections Account for this
Distribution Date $2,986,272.70
(b) The amount of Class B Available Funds on
deposit in the Collections Account for this
Distribution Date $164,236.17
(c) The amount of Class C Available Funds on
deposit in the Collections Account for this
Distribution Date $131,388.93
10. PORTFOLIO YIELD
(a) The Net Portfolio Yield for the related Monthly
Period 11.87%
(b) The Base Rate for the related Monthly Period 7.46%
CITIBANK USA
Servicer
By: /s/ Charles Haug
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Name: Charles Haug
Title: Senior Vice President
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SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
SERIES 1998-1
TRAVELERS BANK USA
TRAVELERS BANK CREDIT CARD MASTER TRUST I
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MONTHLY PERIOD ENDING 4/30/00
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1. The aggregate amount of the Investor Percentage of
Collections of Principal Receivables (net of Discount
Option Collections) $61,555,017.93
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) $2,344,511.74
3. The aggregate amount of the Investor Percentage of
Discount Option Collections $937,386.06
4. The aggregate amount of funds allocable to Series
1998-1 in respect of Finance Charge Receivables $3,281,897.80
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
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(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
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
certificate this 9th day of May, 2000.
CITIBANK USA
Servicer
By: /s/ Charles Haug
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Name: Charles Haug
Title: Senior Vice President
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