ASSOCIATES CREDIT CARD RECEIVABLES CORP
8-K, EX-20.2, 2001-01-18
BUSINESS SERVICES, NEC
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Servicer's Report CONFIDENTIAL
Interest Period: December 18, 2000 to January 16, 2001 Date of Report:  January 16, 2001
Associates Credit Card Master Note Trust, Series 2000-2
Class A Class B Class C Total Series Transferor Trust
Monthly Master Note Trust Activities Note Note Note Note Interest Totals
Beginning Principal Receivables Balance 7,030,685,104.58
Beginning Fin. Chrg. Receivables Balance 399,882,255.44
Beginning Total Receivables Balance 7,430,567,360.02
Beginning Special Funding Accnt Balance 0.00
Beginning Spread Account Balance 0.00
Beginning Reserve Account Balance 0.00
Initial Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00
Beginning Period Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00 1,446,847,704.58
Note Principal Balance Increase 0.00 0.00 0.00 0.00
Note Principal Balance Decrease 0.00 0.00 0.00 0.00
Reductions in Invested Amount this Period
(Other than by Principal Payments) 0.00 0.00 0.00 0.00
Previous Reductions in Invested Amount
Reimbursed this Period 0.00 0.00 0.00 0.00
Ending Special Funding Accnt Balance 0.00
Ending Spread Account Balance 0.00
Ending Reserve Account Balance 0.00
Ending Period Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00 1,655,131,337.34
Group I Information Series 2000-98-1

Series 2000-98-2

 Series 2000-99-1 Series 2000-99-2 Series 2000-99-3 Series 2000-99-4
Beginning Invested Amount 882,500,000.00 823,628,000.00 705,882,000.00 529,412,400.00 264,706,000.00 588,235,000.00
Average Rate 6.89% 6.95% 6.95% 7.01% 7.08% 7.02%
Allocable Finance Charge Collections 19,037,431.78 17,767,435.54 15,227,399.91 11,420,569.35 5,710,280.36 12,689,499.92
Allocable Principal Collections 77,046,225.35 71,906,434.56 61,626,678.35 46,220,087.34 23,110,026.21 51,355,565.29
Allocable Default Amount Due 6,449,123.85 6,018,899.69 5,158,436.76 3,868,834.15 1,934,415.61 4,298,697.30
Allocable Monthly Interest Due 5,069,278.46 4,768,358.69 4,086,296.78 3,092,541.03 1,560,878.54 3,439,973.29
Allocable Monthly Servicing Fees Due 1,470,833.33 1,372,713.33 1,176,470.00 882,354.00 441,176.67 980,391.67
Ending Invested Amount 882,500,000.00 823,628,000.00 705,882,000.00 529,412,400.00 264,706,000.00 588,235,000.00
Group I Information Series 2000-1 Series 2000-2 Total
Beginning Invested Amount 1,000,000,000.00 789,474,000.00 5,583,837,400.00
Average Rate 6.93% 6.91% 6.95%
Allocable Finance Charge Collections 21,572,160.66 17,030,659.96 120,455,437.48
Allocable Principal Collections 87,304,504.65 68,924,636.50 487,494,158.25
Allocable Default Amount Due 7,307,789.06 5,769,309.46 40,805,505.87
Allocable Monthly Interest Due 5,776,437.49 4,547,847.37 32,341,611.65
Allocable Monthly Servicing Fees Due 1,666,666.67 1,315,790.00 9,306,395.67
Ending Invested Amount 1,000,000,000.00 789,474,000.00 5,583,837,400.00
Payout Event Tests
Base Rate Trigger Transferor's Interest Trigger
3 Month Average Portfolio Yield 16.08% Required Transferor Interest 506,727,811.61
3 Month Average Base Rate 8.86% Transferor Interest 1,655,131,337.34
Spread 7.22% Trigger Pass Test Yes
Trigger Pass Test: If Spread is >0, "Yes" Yes
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Series 2000-2
Pursuant to the Master Indenture dated as of April 1, 2000 (as amended and supplemented, the "Master Indenture"), between Associates Credit Card
Master Note Trust (the "Trust") and The Bank of New York, as indenture trustee (the "Indenture Trustee"), as supplemented by the Series 2000-1 Indenture
Supplement, dated as of September 15, 2000 (the "Indenture Supplement"), between the Trust and the Indenture Trustee, Associates National Bank (Delaware), as Servicer
(the "Servicer") under the Transfer and Servicing Agreement, dated as of April 1, 2000 (the "Transfer and Servicing Agreement") among Associates Credit Card
Receivables Corp., as Transferor, the Servicer and the Trust, is required to prepare certain information each month regarding current distributions to the Series
2000-1 Noteholders and the performance of the Trust during the previous month. The information which is required to be prepared with respect to the Distribution
Date of January 17, 2001, and with respect to the performance of the Trust during the month of December is set forth below. Capitalized terms used in this Monthly
Statement have their respective meanings set forth in the Master Indenture and the Indenture Supplement.
Current Transaction Period: Revolving Period
Any Cash Flow Shortfalls this Period No
Any Cash Flow Shortfalls from Previous Period No
Payout Event this Period: No
Group I Participants: Series 2000-98-1, Series 2000-98-2
Series 2000-99-1, Series 2000-99-2, Series 2000-99-3, Series 2000-99-4
Series 2000-1, Series 2000-2
MASTER NOTE TRUST RECEIVABLES
YIELD AND BASE RATE --
December: (31 posting days)
Yield Defaults Total
Portfolio Yield (Current Month) 25.05% 8.49% 16.57%
Portfolio Yield (Prior Month) 24.72% 9.79% 14.93%
Portfolio Yield (Two Months Ago) 25.35% 8.59% 16.75%
THREE MONTH AVERAGE PORTFOLIO YIELD 16.08%
Servicing Coupon Total
Base Rate (Current Month) 2.00% 6.91% 8.91%
Base Rate (Prior Month) 2.00% 6.83% 8.83%
Base Rate (Two Months Ago) 2.00% 6.85% 8.85%
THREE MONTH AVERAGE BASE RATE 8.86%
Beginning Period Principal Receivables 7,030,685,104.58
Beginning Period Finance Charge Receivables 399,882,255.44
Beginning Period Discounted Receivables 0.00
Beginning Period Total Receivables 7,430,567,360.02
Removed Principal Receivables 0.00
Removed Finance Charge Receivables 0.00
Removed Total Receivables 0.00
Discounted Receivables Generated this Period 0.00
Additional Principal Receivables 0.00
Additional Finance Charge Receivables 0.00
Additional Total Receivables 0.00
Total Principal Collections this Period 613,810,480.40
Total Defaulted Principal Receivables this Period 51,378,763.70
Total Receivables Adjustments this Period 26,779,936.99
Total Finance Charge Collections this Period 151,667,068.61
Total Discounted Receivables this Period 0.00
Ending Period Principal Receivables 7,238,968,737.34
Ending Period Finance Charge Receivables 407,218,169.25
Ending Period Discounted Receivables 0.00
Ending Period Total Receivables 7,646,186,906.59
DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
31-60 Days Delinquent 179,938,689.33
61-90 Days Delinquent 109,804,057.13
91+ Days Delinquent 209,583,123.45
Total 31+ Days Delinquent 499,325,869.91
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Cash Flow Allocations
Series 2000-2
FLOATING INVESTOR PERCENTAGE 0.112290
FIXED INVESTOR PERCENTAGE 0.112290
FINANCE CHARGE ALLOCATIONS Class A Class B Class C Total
AVAILABLE FUNDS
Total Trust Finance Charge Collections 151,667,068.61
Investor Percentage 0.112290
Investor Finance Charge Collections 17,030,659.96 17,030,659.96
Excess Finance Charge Collections allocated to Series 0.00 0.00
Available Finance Charge Collections 17,030,659.96 17,030,659.96
CASH FLOW ALLOCATIONS
Class A Distributions
(1) Class A Monthly Interest 3,399,375.00
(2) Class A Monthly Interest Previously Due 0.00
(3) Class A Monthly Additional Interest 0.00
(4) Class A Monthly Additional Interest Previously Due 0.00
Total Class A Monthly Interest 3,399,375.00 3,399,375.00
Class B Distributions
(5) Class B Monthly Interest 474,652.24
(6) Class B Monthly Interest Previously Due 0.00
(7) Class B Monthly Additional Interest 0.00
(8) Class B Monthly Additional Interest Previously Due 0.00
Total Class B Monthly Interest 474,652.24 474,652.24
(9) Total Monthly Servicing Fee for Series 1,315,790.00
(10) Total Servicing Fee for Series Previously Due 0.00
(11) Class A Prepayable Increase Amount Interest 0.00 0.00
(12) Class B Prepayable Increase Amount Interest 0.00 0.00
(13) Investor Default Amount 5,769,309.46
(14) Investor Charge-Offs 0.00 0.00 0.00 0.00
(15) Reallocated Principal Collections Previously Due 0.00 0.00 0.00 0.00
Class C Distributions
(16) Class C Monthly Interest 673,820.13
(17) Class C Monthly Interest Previously Due 0.00
(18) Class C Monthly Additional Interest 0.00
(19) Class C Monthly Additional Interest Previously Due 0.00
(20) Class C Prepayable Increase Amount Interest 0.00
Total Class C Interest 673,820.13 673,820.13
(21) Funds Required per Note Agreement under
Sections 2.07, 2.08 & 2.09 0.00
(22) Funds Required per Note Agreement under
Sections 2.04 (e) & 7.01 0.00
Spread Account Distributions
(23) Class C Spread Account Required Deposit 0.00
TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER
SERIES' ALLOCATIONS 5,397,713.13
EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00
EXCESS SPREAD RELEASED TO TRANSFEROR 5,397,713.13
PRINCIPAL ALLOCATIONS Class A Class B Class C Total
AVAILABLE FUNDS
Total Trust Principal Collections 613,810,480.40
Investor Percentage 0.112290
Investor Principal Collections 68,924,636.50
Shared Principal Collections from other Series' 544,885,843.90
Available Principal Collections 613,810,480.40
Controlled Amoritization Amount 0.00 0.00 0.00 0.00
Partial Amoritization Amount 0.00 0.00 0.00 0.00
Deficiency Controlled Amoritization Amount 0.00 0.00 0.00 0.00
Monthly Principal Amount 0.00 0.00 0.00 0.00
Principal Shortfall
Reallocated Principal to other Series' 0.00 0.00 0.00
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Cash Reconciliation
Jan-01
Group 1 Coupon Rate Balance Interest Payments
Series 2000-98-1, Class A 6.77% $ 662,500,000.00 $ 3,737,001.03
Series 2000-98-1, Class B 6.99% $ 87,500,000.00 $ 509,811.28
Series 2000-98-1, Class C 7.45% $ 132,500,000.00 $ 822,466.15
Series 2000-98-2, Class A 6.83% $ 617,647,000.00 $ 3,516,939.89
Series 2000-98-2, Class B 7.05% $ 82,353,000.00 $ 484,023.75
Series 2000-98-2, Class C 7.45% $ 123,628,000.00 $ 767,395.05
Series 2000-99-1, Class A 6.83% $ 529,412,000.00 $ 3,015,258.68
Series 2000-99-1, Class B 7.03% $ 70,588,000.00 $ 413,797.64
Series 2000-99-1, Class C 7.45% $ 105,882,000.00 $ 657,240.46
Series 2000-99-2, Class A 6.90% $ 397,058,400.00 $ 2,282,185.80
Series 2000-99-2, Class B 7.19% $ 52,941,600.00 $ 317,419.30
Series 2000-99-2, Class C 7.45% $ 79,412,400.00 $ 492,935.93
Series 2000-99-3, Class A 7.01% $ 198,500,000.00 $ 1,159,603.32
Series 2000-99-3, Class B 7.01% $ 26,500,000.00 $ 154,808.50
Series 2000-99-3, Class C 7.45% $ 39,706,000.00 $ 246,466.72
Series 2000-99-4, Class A 6.91% $ 441,176,000.00 $ 2,540,973.30
Series 2000-99-4, Class B 7.17% $ 58,824,000.00 $ 351,299.61
Series 2000-99-4, Class C 7.45% $ 88,235,000.00 $ 547,700.38
Series 2000-1, Class A 6.82% $ 760,000,000.00 $ 4,321,708.33
Series 2000-1, Class B 7.04% $ 102,500,000.00 $ 601,226.56
Series 2000-1, Class C 7.45% $ 137,500,000.00 $ 853,502.60
Series 2000-2, Class A 6.80% $ 600,000,000.00 $ 3,399,375.00
Series 2000-2, Class B 7.04% $ 80,921,000.00 $ 474,652.24
Series 2000-2, Class C 7.45% $ 108,553,000.00 $ 673,820.13
Weighted Average Coupon of all Notes 6.95%

$5,583,837,400.00

$ 32,341,611.65
Weighted Average Coupon of 6.87%

$4,768,421,000.00

Class A and Class B Notes
Current Transaction Period: Revolving Period
CASH FLOW REQUIREMENTS Series 2000-98-1
Class A Class B Class C Total
Principal Distribution Due this Period $ - $ - $ - $ -
Interest Distribution Due this Period $ 3,737,001.03 $ 509,811.28 $ 822,466.15 $ 5,069,278.46
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 1,470,833.33 $ 1,470,833.33
Total Required Distribution

$3,737,001.03

$ 509,811.28 $ 2,293,299.48 $ 6,540,111.79
Total Required Distribution to Class A & Class B investors $ 4,246,812.31
Series 2000-98-2
Class A Class B Class C Total
Principal Distribution Required Amount $ - $ - $ - $ -
Interest Distribution Required Amount $ 3,516,939.89 $ 484,023.75 $ 767,395.05 $ 4,768,358.69
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 1,372,713.33 $ 1,372,713.33
Total Required Distribution $ 3,516,939.89 $ 484,023.75 $ 2,140,108.38 $ 6,141,072.02
Total Required Distribution to Class A & Class B investors $ 4,000,963.64
Series 2000-99-1
Class A Class B Class C Total
Principal Distribution Required Amount $ - $ - $ - $ -
Interest Distribution Required Amount $ 3,015,258.68 $ 413,797.64 $ 657,240.46 $ 4,086,296.78
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 1,176,470.00 $ 1,176,470.00
Total Required Distribution $ 3,015,258.68 $ 413,797.64 $ 1,833,710.46 $ 5,262,766.78
Total Required Distribution to Class A & Class B investors $ 3,429,056.32
Series 2000-99-2
Class A Class B Class C Total
Principal Distribution Required Amount $ - $ - $ - $ -
Interest Distribution Required Amount $ 2,282,185.80 $ 317,419.30 $ 492,935.93 $ 3,092,541.03
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 882,354.00 $ 882,354.00
Total Required Distribution $ 2,282,185.80 $ 317,419.30 $ 1,375,289.93 $ 3,974,895.03
Total Required Distribution to Class A & Class B investors $ 2,599,605.10
Series 2000-99-3
Class A Class B Class C Total
Principal Distribution Required Amount $ - $ - $ - $ -
Interest Distribution Required Amount $ 1,159,603.32 $ 154,808.50 $ 246,466.72 $ 1,560,878.54
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 441,176.67 $ 441,176.67
Total Required Distribution $ 1,159,603.32 $ 154,808.50 $ 687,643.39 $ 2,002,055.21
Total Required Distribution to Class A & Class B investors $ 1,314,411.82
Series 2000-99-4
Class A Class B Class C Total
Principal Distribution Required Amount $ - $ - $ - $ -
Interest Distribution Required Amount $ 2,540,973.30 $ 351,299.61 $ 547,700.38 $ 3,439,973.29
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 980,391.67 $ 980,391.67
Total Required Distribution $ 2,540,973.30 $ 351,299.61 $ 1,528,092.05 $ 4,420,364.96
Total Required Distribution to Class A & Class B investors $ 2,892,272.91
Series 2000-1
Class A Class B Class C Total
Principal Distribution Required Amount $ - $ - $ - $ -
Interest Distribution Required Amount $ 4,321,708.33 $ 601,226.56 $ 853,502.60 $ 5,776,437.49
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 1,666,666.67 $ 1,666,666.67
Total Required Distribution $ 4,321,708.33 $ 601,226.56 $ 2,520,169.27 $ 7,443,104.16
Total Required Distribution to Class A & Class B investors $ 4,922,934.89
Series 2000-2
Class A Class B Class C Total
Principal Distribution Required Amount $ - $ - $ - $ -
Interest Distribution Required Amount $ 3,399,375.00 $ 474,652.24 $ 673,820.13 $ 4,547,847.37
Unpaid Principal Shortfalls paid this Period $ - $ - $ - $ -
Unpaid Interest Shortfalls paid this Period $ - $ - $ - $ -
Prepayable Interest $ - $ - $ - $ -
Servicing Fee $ 1,315,790.00 $ 1,315,790.00
Total Required Distribution $ 3,399,375.00 $ 474,652.24 $ 1,989,610.13 $ 5,863,637.37
Total Required Distribution to Class A & Class B investors $ 3,874,027.24
CASH DISBURSEMENTS
Servicer Payment to trustee for Series 2000-98-1 $ 5,069,278.46
Servicer Payment to trustee for Series 2000-98-2 $ 4,768,358.69
Servicer Payment to trustee for Series 2000-99-1 $ 4,086,296.78
Servicer Payment to trustee for Series 2000-99-2 $ 3,092,541.03
Servicer Payment to trustee for Series 2000-99-3 $ 1,560,878.54
Servicer Payment to trustee for Series 2000-99-4 $ 3,439,973.29
Servicer Payment to trustee for Series 2000-1 $ 5,776,437.49
Servicer Payment to trustee for Series 2000-2 $ 4,547,847.37
Total Servicer Payment to trustee for all Series' $ 32,341,611.65
Trustee Payment to Series 2000-98-1 Class C $ 822,466.15
Trustee Payment to Series 2000-98-2 Class C $ 767,395.05
Trustee Payment to Series 2000-99-1 Class C $ 657,240.46
Trustee Payment to Series 2000-99-2 Class C $ 492,935.93
Trustee Payment to Series 2000-99-3 Class C $ 246,466.72
Trustee Payment to Series 2000-99-4 Class C $ 547,700.38
Trustee Payment to Series 2000-1 Class C $ 853,502.60
Trustee Payment to Series 2000-2 Class C $ 673,820.13
Total Trustee Payment to all Class C Investor's $ 5,061,527.42


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