<PAGE>
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of l934
Date of Report (Date of earliest event reported) August 16, 1999
--------------------------------
- --------------------------------------------------------------------------------
FCC National Bank on Behalf of First Chicago Master Trust II
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charters)
United States of America 0-16337 51-0269396
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Numbers) Identification No.)
One Gateway Center, 300 King Street, Wilmington, Delaware 19801
- --------------------------------------------------------------------------------
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: 302-656-5020
1 of 100
Exhibit Index on Page 5
<PAGE>
Item 5. Other Events.
- ------
The Registrant's hereby incorporates by reference the information contained
in Exhibit 28 hereto in response to this Item 5.
Item 7. Financial Statements and Exhibits.
- -------
(c) Exhibits
28A. Monthly Servicer's Certificate -
Floating Rate Asset Backed
Certificates Series 1994-J, Floating Rate
Credit Card Certificates Series 1994-K, 7.15%
Credit Card Certificates Series 1994-L, Floating Rate
Credit Card Certificates Series 1995-M, Floating Rate
Credit Card Certificates Series 1995-N, Floating Rate
Credit Card Certificates Series 1995-O, Floating Rate
Credit Card Certificates Series 1995-P, Floating
Rate Asset Backed Certificates Series 1996-Q, Floating
Rate Asset Backed Certificates Series 1996-R,
Floating Rate Asset Backed Certificates Series 1996-S, Floating
Rate Asset Backed Certificates Series 1997-T, Floating Rate
Asset Backed Certificates Series 1997-U, Floating Rate Asset
Backed Certificates Series 1998-V, Floating Rate Asset Backed
Certificates Series 1999-W, and Floating Rate Asset Backed
Certificates Series 1999-X.
28B. Certificateholder's Payment Date Statement -
First Chicago Master Trust II Floating Rate Asset
Backed Certificates Series 1994-J.
2 of 100
<PAGE>
28C. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1994-K.
28D. Certificateholder's Payment Date Statement-
First Chicago Master Trust II 7.15% Credit Card
Certificates Series 1994-L.
28E. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-M.
28F. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-N.
28G. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-O.
28H. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Credit Card
Certificates Series 1995-P.
28I. Certificateholder's Payment Date Statement-
First Chicago Master Trust II Floating Rate Asset Backed
Certificates Series 1996-Q.
28J. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1996-R.
28K. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1996-S.
28L. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1997-T.
28M. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1997-U.
28N. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1998-V.
28O. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1999-W.
28P. Certificateholder's Payment Date Statement-First Chicago
Master Trust II Floating Rate Asset Backed Certificates
Series 1999-X.
3 of 100
<PAGE>
SIGNATURES
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.
FCC NATIONAL BANK
----------------------------------
Date: August 16, 1999 By /s/ Sharon A. Renchof
--------------------------------
Title: Assistant Secretary
4 of 100
<PAGE>
INDEX TO EXHIBITS
Exhibit Description of
Number Exhibit
- ------- --------------
28A. Monthly Servicer's Certificate -
Floating Rate Asset Backed
Certificates Series 1994-J, Floating Rate
Credit Card Certificates Series 1994-K, 7.15%
Credit Card Certificates Series 1994-L,
Floating Rate Credit Card Certificates Series
1995-M, Floating Rate Credit Card
Certificates Series 1995-N, Floating Rate
Credit Card Certificates Series 1995-O,
Floating Rate Credit Card Certificates
Series 1995-P, Floating Rate Asset
Backed Certificates Series 1996-Q, Floating
Rate Asset Backed Certificates Series
1996-R, Floating Rate Asset Backed
Certificates Series 1996-S,
Floating Rate Asset Backed Certificates Series 1997-T,
Floating Rate Asset Backed Certificates Series 1997-U,
Floating Rate Asset Backed Certificates Series 1998-V,
Floating Rate Asset Backed Certificates Series 1999-W and
Floating Rate Asset Backed Certificates Series 1999-X
5 of 100
<PAGE>
28B. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1994-J.
28C. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1994-K.
28D. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II 7.15% Credit Card
Certificates Series 1994-L.
28E. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-M.
28F. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-N.
28G. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-O.
28H. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Credit Card
Certificates Series 1995-P.
28I. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1996-Q.
28J. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1996-R.
28K. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1996-S.
28L. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1997-T.
28M. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1997-U.
28N. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1998-V.
28O. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1999-W.
28P. Certificateholder's Payment Date
Statement - First Chicago Master
Trust II Floating Rate Asset Backed
Certificates Series 1999-X.
6 of 100
<PAGE>
EXHIBIT 28A
MONTHLY SERVICER'S CERTIFICATE
FCC National Bank
---------------------------------------------------------------------
First Chicago Master Trust II
August 6, 1999
---------------------------------------------------------------------
The undersigned, duly authorized representatives of FCC National Bank ("FCCNB"),
as Servicer pursuant to the Pooling and Servicing Agreement dated as of June 1,
1990, as amended and supplemented (the "Pooling and Servicing Agreement"), by
and between FCCNB, as Seller and Servicer and Norwest Bank Minnesota, National
Association, as Trustee, does hereby certify as follows:
<TABLE>
<CAPTION>
<S> <C> <C>
1. Capitalized terms used in this Certificate have their respective
meanings set forth in the Pooling and Servicing Agreement.
2. FCCNB is as of the date hereof the Seller and the Servicer under
the Pooling and Servicing Agreement.
3. The undersigned are Servicing Officers.
4. The aggregate amount of Collections processed for the Due Period for
this Distribution Date was equal to . . . . . . . . . . . . . . . . . . . . . $4,664,504,167.16
5. (a) The aggregate amount of such Collections allocated to Principal
Receivables for the Due Period for this Distribution Date was equal
to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,422,337,022.67
(b) The aggregate amount of such Collections allocated to Finance
Charge Receivables for the Due Period for this Distribution Date was
equal to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $242,167,144.49
6. (a) The aggregate Interchange Amount (which will be included as Finance
Charge Receivables for all Series) for this Distribution Date was equal
to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $61,123,750.49
(b) The aggregate Net Recoveries Amount (which will be included as Finance
Charge Receivables for all Series) for this Distribution Date was equal to . . $12,629,898.75
7. The Invested Percentage of Collections allocated to Principal Receivables
for the Due Period was equal to for:
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . 3.100%
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . 3.100%
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . 3.100%
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . 6.377%
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . 2.834%
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . 4.960%
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . 4.251%
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . 2.834%
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . 7.085%
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . 5.314%
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . 5.314%
</TABLE>
7 of 100
<PAGE>
<TABLE>
<CAPTION>
8. The Invested Percentage of Collections allocated to Finance Charge Receivables
for the Due Period was equal to for:
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . 1.033%
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . 1.808%
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . 1.808%
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . 0.855%
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . 6.377%
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . 2.356%
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . 4.960%
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . 4.251%
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . 2.834%
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . 7.085%
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . 5.314%
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . 5.314%
</TABLE>
<TABLE>
<CAPTION>
9. The Invested Percentage with respect to the Investor Default Amount for the
Due Period was equal to for:
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . 1.033%
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . 1.808%
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . 1.808%
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . 0.855%
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . 3.543%
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . 6.377%
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . 2.356%
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . 4.960%
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . 4.251%
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . 2.834%
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . 7.085%
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . 5.314%
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . 5.314%
</TABLE>
<TABLE>
<CAPTION>
10. The aggregate amount of drawings or payments, if any, under the Enhancement,
if any, required to be made on the next succeeding Distribution Date is
equal to for:
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
</TABLE>
8 of 100
<PAGE>
<TABLE>
<CAPTION>
11. The amount of interest due on the Cash Collateral Account loan, if
applicable, required to be paid on the next Distribution Date is equal
to for:
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . $4,813.19
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . $14,901.82
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . $9,082.86
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
</TABLE>
<TABLE>
<CAPTION>
12. The amount of Monthly Servicing Fee required to be paid on the next
succeeding Distribution Date is equal to for:
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . $277,777.78
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . $486,111.11
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . $486,111.11
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . $952,380.95
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . $229,837.60
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . $952,380.95
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . $952,380.95
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . $1,714,285.71
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . $633,452.61
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . $1,333,333.34
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . $1,142,857.14
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . $761,904.77
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . $1,904,761.90
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . $1,428,571.43
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . $1,428,571.43
</TABLE>
<TABLE>
<CAPTION>
13. The aggregate amount payable to Investor Certificateholders on the
succeeding Distribution Date in respect of interest is equal to for:
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . $801,111.11
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . $1,393,518.52
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . $1,737,847.22
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . $2,764,444.45
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . $657,043.31
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . $2,766,666.66
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . $2,738,095.24
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . $4,882,857.14
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . $1,786,993.18
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . $3,809,737.25
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . $3,227,047.62
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . $2,170,158.74
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . $5,618,398.54
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . $4,116,735.80
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . $4,138,463.68
</TABLE>
9 of 100
<PAGE>
<TABLE>
<CAPTION>
14. The aggregate amount payable to Investor Certificateholders on the
succeeding Distribution Date in respect of principal is equal to for:
<S> <C>
Series 1994 - J . . . . . . . . . . . . . . . . . . . . . . . . . . $41,666,666.67
Series 1994 - K . . . . . . . . . . . . . . . . . . . . . . . . . . $41,666,666.67
Series 1994 - L . . . . . . . . . . . . . . . . . . . . . . . . . . $41,666,666.67
Series 1995 - M . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - N . . . . . . . . . . . . . . . . . . . . . . . . . . $48,169,556.67
Series 1995 - O . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1995 - P . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - Q . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1996 - R . . . . . . . . . . . . . . . . . . . . . . . . . . $38,535,646.33
Series 1996 - S . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1997 - T . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1997 - U . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1998 - V . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1999 - W . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
Series 1999 - X . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
15. The excess, if any, of the First Chicago Amount over the Aggregate
Principal Receivables required to be maintained pursuant to the
Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,058,192,753.17
16. The First Chicago Amount for the Due Period divided by Aggregate
Principal Receivables for the Due Period . . . . . . . . . . . . . . . . . . 45.375%
17. The Minimum First Chicago Interest Percentage . . . . . . . . . . . . . . . 7.000%
18. Attached hereto is a true and correct copy of the statement required to
be delivered by the Servicer on the date of this Certificate to the
Trustee in respect of each Series outstanding pursuant to Section 5.
02(a) of the Agreement, if applicable.
19. As of the date hereof, to the best knowledge of the undersigned, no
default in the performance of the obligation of the Servicer under the
Pooling and Servicing Agreement has occurred or is continuing except as
follows: NONE
20. As of the date hereof no Liquidation Event has been deemed to have
occurred for the Due Period for this Distribution Date with respect to
any Series.
21. As of the date hereof, to the best knowledge of the undersigned, no Lien
has been placed on any of the Receivables other than the Lien granted by
the Pooling and Servicing Agreement.
22. During the preceding calendar month, the number of newly - originated
Accounts was . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,831
</TABLE>
IN WITNESS WHEREOF, the undersigned have duly executed and
delivered this certificate the date first set forth above.
FCC National Bank
as Servicer
By: /s/ James A. Harwood
__________________________________________
James A. Harwood
Servicing Officer
By: /s/ Mary Vach
__________________________________________
Mary Vach
Servicing Officer
10 of 100
<PAGE>
Exhibit 28B
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1994 - J
August 6, 1999
------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1994 - J Supplement dated as of May 01, 1994 by and between FCCNB and
the Trustee, FCCNB, as Servicer, is required to prepare certain information
for each Payment Date regarding current distributions to Certificateholders
and the performance of the First Chicago Master Trust II (the "Trust") during
the previous period. The information which is required to be prepared with
respect to the distribution on the August 16, 1999 Payment Date and with
respect to the performance of the Trust during the Due Period for such
Payment Date is set forth below. Certain of the information is presented on
the aggregate amounts for the Trust as a whole. All capitalized terms used
herein shall have the respective meanings set forth in the Pooling and
Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Series 1994 - J Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $84.936
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Series 1994 - J Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Series 1994 - J Certificates, per $1,000
interest . . . . . . . . . . . . . . . . . . . . . . $1.602
11 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1994 - J Certificates . . . . . . . . . $140,178,225.26
c. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of the Series 1994 - J
Certificates, per $1,000 interest . . . . . . . . . $280.356
d. Excess Finance Charge Collections allocated
in respect of the Series 1994 - J Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
e. Excess Principal Collections allocated in
respect of the Series 1994 - J Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . $16,129,621,329.17
b. The amount of Principal Receivables in
the Trust represented by the Series 1994 - J
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . $166,666,666.64
c. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1994 - J Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 1.033%
d. The Invested Percentage with respect to
Principal Receivables for the Series 1994 - J
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 3.100%
12 of 100
<PAGE>
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
4. Investor Default Amount.
------------------------
The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1994 - J
Certificates (the "Investor Default Amount).
a. Investor Default Amount . . . . . . . . . . . . . $910,240.12
b. Recoveries . . . . . . . . . . . . . . . . . . . . $130,504.20
c. Net Default Receivables . . . . . . . . . . . . . $779,735.92
5. Investor Charge-offs.
---------------------
a. The amount of the Investor Charge-Offs
per $1,000 interest after reimbursement
of any such Investor Charge-Offs for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Investor Charge-Offs,
if any, by which the principal balance of
the Series 1994 - J Certificates exceeds
the Invested Amount as of the end of the
day on the Record Date with respect
to the current Distribution Date . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable from Available Funds by the
Trust to the Servicer with respect to
the current Distribution Date. . . . . . . . . . . $104,166.67
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $173,611.11
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount"). . . . . . . . . . . . . $0.00
13 of 100
<PAGE>
b. The amount available to be withdrawn from
the Cash Collateral Account (the "Available
Cash Collateral Amount") as of the end
of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding Due
Period . . . . . . . . . . . . . . . . . . . . . . $21,666,666.66
c. The Available Cash Collateral Amount
as computed in 7.b. as a percentage of the
Invested Amount of the Series 1994 - J
Certificates as of such Due Period . . . . . . . . 13.000%
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Invested Amount on the last day
of the month ending on the Record Date
adjusted for Investor Charge-Offs set forth
in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Initial Invested Amount). The amount of a
Certificateholder's pro rata share of the
Invested Amount can be determined by multi-
plying the original denomination of the
holders's Certificate by the Pool Factor . . . . 24.99999999%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By _______________________________________________
Title: Vice President
14 of 100
<PAGE>
Exhibit 28C
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1994 - K
August 6, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1994 - K Supplement dated as of August 01, 1994 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required
to be prepared with respect to the distribution on the August 16, 1999
Payment Date and with respect to the performance of the Trust during the Due
Period for such Payment Date is set forth below. Certain of the information
is presented on the aggregate amounts for the Trust as a whole. All
capitalized terms used herein shall have the respective meanings set forth in
the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Series 1994 - K Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $86.120
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Series 1994 - K Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Series 1994 - K Certificates, per $1,000
interest . . . . . . . . . . . . . . . . . . . . . . $2.787
15 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1994 - K Certificates . . . . . . . . $142,496,313.67
c. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of the Series 1994 - K
Certificates, per $1,000 interest . . . . . . . . $284.993
d. Excess Finance Charge Collections allocated
in respect of the Series 1994 - K Certificates,
if any. . . . . . . . . . . . . . . . . . . . . . $0.00
e. Excess Principal Collections allocated in
respect of the Series 1994 - K Certificates,
if any . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . $16,129,621,329.17
b. The amount of Principal Receivables in
the Trust represented by the Series 1994 - K
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $291,666,666.65
c. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1994 - K Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 1.808%
d. The Invested Percentage with respect to
Principal Receivables for the Series 1994 - K
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . 3.100%
16 of 100
<PAGE>
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
4. Investor Default Amount.
------------------------
The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1994 - K
Certificates (the "Investor Default Amount").
a. Investor Default Amount . . . . . . . . . . . . . $1,592,920.22
b. Recoveries . . . . . . . . . . . . . . . . . . . . $228,382.33
c. Net Default Receivables . . . . . . . . . . . . . $1,364,537.89
5. Investor Charge-offs.
---------------------
a. The amount of the Investor Charge-Offs
per $1,000 interest after reimbursement
of any such Investor Charge-Offs for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Investor Charge-Offs,
if any, by which the principal balance of
the Series 1994 - K Certificates exceeds
the Invested Amount as of the end of the
day on the Record Date with respect
to the current Distribution Date . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable from Available Funds by the
Trust to the Servicer with respect to
the current Distribution Date . . . . . . . . . . $182,291.67
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $303,819.44
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount"). . . . . . . . . . . . . $0.00
17 of 100
<PAGE>
b. The amount available to be withdrawn from
the Cash Collateral Account (the "Available
Cash Collateral Amount") as of the end
of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding Due
Period . . . . . . . . . . . . . . . . . . . . . . $42,291,666.66
c. The Available Cash Collateral Amount
as computed in 7.b. as a percentage of the
Invested Amount of the Series 1994 - K
Certificates as of such Due Period . . . . . . . . 14.500%
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Invested Amount on the last day
of the month ending on the Record Date
adjusted for Investor Charge-Offs set forth
in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Initial Invested Amount). The amount of a
Certificateholder's pro rata share of the
Invested Amount can be determined by multi-
plying the original denomination of the
holder's Certificate by the Pool Factor . . . . . 50.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By _______________________________________________
Title: Vice President
18 of 100
<PAGE>
Exhibit 28D
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1994 - L
August 6, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1994 - L Supplement dated as of August 01, 1994 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required
to be prepared with respect to the distribution on the August 16, 1999
Payment Date and with respect to the performance of the Trust during the Due
Period for such Payment Date is set forth below. Certain of the information
is presented on the aggregate amounts for the Trust as a whole. All
capitalized terms used herein shall have the respective meanings set forth in
the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Series 1994 - L Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $86.809
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Series 1994 - L Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Series 1994 - L Certificates, per $1,000
interest . . . . . . . . . . . . . . . . . . . . . . $3.476
19 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1994 - L Certificates . . . . . . . . . $142,496,313.67
c. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of the Series 1994 - L
Certificates, per $1,000 interest . . . . . . . . . $284.993
d. Excess Finance Charge Collections allocated
in respect of the Series 1994 - L Certificates,
if any. . . . . . . . . . . . . . . . . . . . . . . $0.00
e. Excess Principal Collections allocated in
respect of the Series 1994 - L Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . .$16,129,621,329.17
b. The amount of Principal Receivables in
the Trust represented by the Series 1994 - L
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $291,666,666.65
c. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1994 - L Certificates for the Due
Period with respect to the current
Distributioin Date . . . . . . . . . . . . . . . . 1.808%
d. The Invested Percentage with respect to
Principal Receivables for the Series 1994 - L
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 3.100%
20 of 100
<PAGE>
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
4. Investor Default Amount.
------------------------
The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1994 - L
Certificates (the "Investor Default Amount").
a. Investor Default Amount . . . . . . . . . . . . . . $1,592,920.22
b. Recoveries . . . . . . . . . . . . . . . . . . . . $228,382.33
c. Net Default Receivables . . . . . . . . . . . . . . $1,364,537.89
5. Investor Charge-offs.
---------------------
a. The amount of the Investor Charge-Offs
per $1,000 interest after reimbursement
of any such Investor Charge-Offs for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Investor Charge-Offs,
if any, by which the principal balance of
the Series 1994 - L Certificates exceeds
the Invested Amount as of the end of the
day on the Record Date with respect
to the current Distribution Date . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable from Available Funds by the
Trust to the Servicer with respect to
the current Distribution Date . . . . . . . . . . . $182,291.67
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $303,819.44
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . $0.00
21 of 100
<PAGE>
b. The amount available to be withdrawn from
the Cash Collateral Account (the "Available
Cash Collateral Amount") as of the end
of the day on the current Distribution
Date, after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding Due
Period . . . . . . . . . . . . . . . . . . . . . . $33,541,666.66
c. The Available Cash Collateral Amount
as computed in 7.b. as a percentage of the
Invested Amount of the Series 1994 - L
Certificates as of such Due Period . . . . . . . . 11.500%
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Invested Amount on the last day
of the month ending on the Record Date
adjusted for Investor Charge-Offs set forth
in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Initial Invested Amount). The amount of a
Certificateholder's pro rata share of the
Invested Amount can be determined by multi-
plying the original denomination of the
holder's Certificate by the Pool Factor . . . . . . 50.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwod
------------------------------
Title: Vice President
22 of 100
<PAGE>
Exhibit 28E
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - M
August 6, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1995 - M Supplement dated as of April 01, 1995 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to Class A
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required
to be prepared with respect to the distribution on the August 16, 1999
Payment Date and with respect to the performance of the Trust during the Due
Period for such Payment Date is set forth below. Certain of the information
is presented on the aggregate amounts for the Trust as a whole. All
capitalized terms used herein shall have the respective meanings set forth in
the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . $4.818
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . . $4.818
23 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995 - M Certificates . . . . . . . . . $10,596,975.54
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $9,272,353.60
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $5,100,223.42
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995 - M Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1995 - M Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . .$16,129,621,329.17
24 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1995 - M
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $571,428,572.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . $500,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995 - M Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 3.543%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995 - M
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 3.543%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
25 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995 - M
Certificates (the "Investor Default Amount")
1. Investor Default Amount. . . . . . . . . . . . . $3,120,823.28
2. Recoveries . . . . . . . . . . . . . . . . . . . $447,442.93
3. Net Default Receivables . . . . . . . . . . . . $2,673,380.35
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $2,730,720.37
2. Recoveries . . . . . . . . . . . . . . . . . . . $391,512.57
3. Net Default Receivables . . . . . . . . . . . . $2,339,207.80
c. The Collateral Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . . $390,102.91
2. Recoveries . . . . . . . . . . . . . . . . . . . $55,930.36
3. Net Default Receivables . . . . . . . . . . . . $334,172.55
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $357,142.86
26 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $595,238.09
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . $5,714,286.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date . . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $71,428,572.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $71,428,572.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . $77,142,858.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $77,142,858.00
27 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date adjusted
for Class A Investor Charge-Offs set forth in
B.5.a. above and for the distributions of
principal set forth in A.2 above to the Class A
Initial Invested Amount). The amount of a Class A
Certificateholder's pro rata share of the Class A
Invested Amount can be determined by multiplying
the original denomination of the holder's Class A
Certificate by the Pool Factor . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
---------------------------------
James a. Harwood
Title: Vice President
28 of 100
<PAGE>
EXHIBIT 28F
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
---------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - N
August 6, 1999
---------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee (the "Trustee"), as amended and supplemented by the
Series 1995 - N Supplement dated as of April 01, 1995 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to Class A
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required
to be prepared with respect to the distribution on the August 16, 1999
Payment Date and with respect to the performance of the Trust during the Due
Period for such Payment Date is set forth below. Certain of the information
is presented on the aggregate amounts for the Trust as a whole. All
capitalized terms used herein shall have the respective meanings set forth in
the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . $84.520
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . . $1.187
29 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995 - N Certificates . . . . . . . . . $159,228,723.54
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $139,405,529.15
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $278.811
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $1,195,160.10
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates .. . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995 - N Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1995 - N Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . .$16,129,621,329.17
30 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1995 - N
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $137,902,561.97
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . $124,999,999.97
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995 - N Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 0.855%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995 - N
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 3.543%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 90.64%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 9.36%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
31 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995 - N
Certificates (the "Investor Default Amount")
1. Investor Default Amount. . . . . . . . . . . . . $753,146.69
2. Recoveries . . . . . . . . . . . . . . . . . . . $107,981.16
3. Net Default Receivables . . . . . . . . . . . . $645,165.53
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $682,680.11
2. Recoveries . . . . . . . . . . . . . . . . . . . $97,878.14
3. Net Default Receivables . . . . . . . . . . . . $584,801.97
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $70,466.58
2. Recoveries . . . . . . . . . . . . . . . . . . . $10,103.02
3. Net Default Receivables . . . . . . . . . . . . $60,363.56
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $86,189.10
32 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $143,648.50
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . . $5,714,286.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date . . . . . . . . . . . . . . . . . . . 6.857%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $12,902,562.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $6,399,672.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . $18,616,848.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $12,113,958.00
33 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor. . . . . . . . . . . . . . . . . . . . . . 16.66666666%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
----------------------------
James A. Harwood
Title: Vice President
34 of 100
<PAGE>
Exhibit 98.2
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
--------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - O
August 6, 1999
--------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee (the "Trustee"), as amended and supplemented by the
Series 1995 - O Supplement dated as of June 01, 1995 by and between FCCNB and
the Trustee, FCCNB, as Servicer, is required to prepare certain information
for each Payment Date regarding current distributions to Class A Certificate-
holders and the performance of the First Chicago Master Trust II (the
"Trust") during the previous period. The information which is required to be
prepared with respect to the distribution on the August 16, 1999 Payment Date
and with respect to the performance of the Trust during the Due Period for
such Payment Date is set forth below. Certain of the information is presented
on the aggregate amounts for the Trust as a whole. All capitalized terms used
herein shall have the respective meanings set forth in the Pooling and
Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . $4.809
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . . $4.809
35 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995 - O Certificates . . . . . . . . . $10,596,975.54
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $9,272,353.60
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $5,104,667.87
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995 - O Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1995 - O Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series). . . . . .$16,129,621,329.17
36 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1995 - O
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $571,428,572.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . $500,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995 - O Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 3.543%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995 - O
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 3.543%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
37 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995 - O
Certificates (the "Investor Default Amount")
1. Investor Default Amount. . . . . . . . . . . . . $3,120,823.28
2. Recoveries . . . . . . . . . . . . . . . . . . . $447,442.93
3. Net Default Receivables . . . . . . . . . . . . $2,673,380.35
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $2,730,720.37
2. Recoveries . . . . . . . . . . . . . . . . . . . $391,512.57
3. Net Default Receivables . . . . . . . . . . . . $2,339,207.80
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $390,102.91
2. Recoveries . . . . . . . . . . . . . . . . . . . $55,930.36
3. Net Default Receivables . . . . . . . . . . . . $334,172.55
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $357,142.86
38 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $595,238.09
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . $5,714,286.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date . . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $71,428,572.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $71,428,572.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $77,142,858.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $77,142,858.00
39 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date adjusted
for Class A Investor Charge-Offs set forth in
B.5.a. above and for the distributions of principal
set forth in A.2 above to the Class A Initial
Invested Amount). The amount of a Class A
Certificateholder's pro rata share of the Class A
Invested Amount can be determined by multiplying
the original denomination of the holder's Class A
Certificate by the Pool Factor . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
-------------------------------
James A. Harwood
Title: Vice President
40 of 100
<PAGE>
Exhibit 28H
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
---------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1995 - P
August 6, 1999
---------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1995 - P Supplement dated as of June 01, 1995 by and between FCCNB and
the Trustee, FCCNB, as Servicer, is required to prepare certain information
for each Payment Date regarding current distributions to Class A Certificate-
holders and the performance of the First Chicago Master Trust II (the
"Trust") during the previous period. The information which is required to be
prepared with respect to the distribution on the August 16, 1999 Payment Date
and with respect to the performance of the Trust during the Due Period for
such Payment Date is set forth below. Certain of the information is presented
on the aggregate amounts for the Trust as a whole. All capitalized terms used
herein shall have the respective meanings set forth in the Pooling and
Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . $4.764
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest . . . $4.764
41 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1995 - P Certificates . . . . . . . . . $10,596,975.54
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $9,272,353.60
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $5,126,890.09
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1995 - P Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1995 - P Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series). . . . . .$16,129,621,329.17
42 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1995 - P
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $571,428,572.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . $500,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1995 - P Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 3.543%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1995 - P
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 3.543%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
43 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1995 - P
Certificates (the "Investor Default Amount")
1. Investor Default Amount. . . . . . . . . . . . . $3,120,823.28
2. Recoveries . . . . . . . . . . . . . . . . . . . $447,442.93
3. Net Default Receivables . . . . . . . . . . . . $2,673,380.35
b. The Class A Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . . $2,730,720.37
2. Recoveries . . . . . . . . . . . . . . . . . . . $391,512.57
3. Net Default Receivables . . . . . . . . . . . . $2,339,207.80
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $390,102.91
2. Recoveries . . . . . . . . . . . . . . . . . . . $55,930.36
3. Net Default Receivables . . . . . . . . . . . . $334,172.55
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $357,142.86
44 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $595,238.09
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . $5,714,286.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dis-
tribution Date. . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $71,428,572.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $71,428,572.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $77,142,858.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $77,142,858.00
45 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date adjusted
for Class A Investor Charge-Offs set forth in
B.5.a. above and for the distributions of principal
set forth in A.2 above to the Class A Initial
Invested Amount). The amount of a Class A
Certificateholder's pro rata share of the Class A
Invested Amount can be determined by multiplying the
original denomination of the holder's Class A Certificate
by the Pool Factor . . . . . . . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
----------------------------------
James A. Harwood
Title: Vice President
46 of 100
<PAGE>
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
-----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1996 - Q
August 6, 1999
-----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1996 - Q Supplement dated as of September 01, 1996 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to Class A
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required to
be prepared with respect to the distribution on the August 16, 1999 Payment
Date and with respect to the performance of the Trust during the Due Period
for such Payment Date is set forth below. Certain of the information is
presented on the aggregate amounts for the Trust as a whole. All capitalized
terms used herein shall have the respective meanings set forth in the Pooling
and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $4.720
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest. . . . $4.720
47 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1996 - Q Certificates . . . . . . . . . $19,074,556.00
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates. . . . . . . $16,690,236.48
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $9,268,402.17
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates. . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1996 - Q Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1996 - Q Certificates,
if any. . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . $16,129,621,329.17
48 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1996 - Q
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . $1,028,571,429.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . $900,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1996 - Q Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 6.377%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1996 - Q
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 6.377%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
49 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1996 - Q
Certificates (the "Investor Default Amount")
1. Investor Default Amount. . . . . . . . . . . . . $5,617,481.94
2. Recoveries . . . . . . . . . . . . . . . . . . . $805,397.28
3. Net Default Receivables. . . . . . . . . . . . . $4,812,084.66
b. The Class A Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . . $4,915,296.69
2. Recoveries . . . . . . . . . . . . . . . . . . . $704,722.62
3. Net Default Receivables. . . . . . . . . . . . . $4,210,574.07
c. The Collateral Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . . $702,185.25
2. Recoveries . . . . . . . . . . . . . . . . . . . $100,674.66
3. Net Default Receivables. . . . . . . . . . . . . $601,510.59
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date. . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $642,857.14
50 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $1,071,428.57
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount"). . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . $10,285,714.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dis-
tribution Date. . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $128,571,429.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $128,571,429.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $138,857,143.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $138,857,143.00
51 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By _______________________________________________
Title: Vice President
52 of 100
<PAGE>
Exhibit 28J
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1996 - R
August 6, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee (the "Trustee"), as amended and supplemented by the
Series 1996 - R Supplement dated as of November 01, 1996 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to Class A
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required to
be prepared with respect to the distribution on the August 16, 1999 Payment
Date and with respect to the performance of the Trust during the Due Period
for such Payment Date is set forth below. Certain of the information is
presented on the aggregate amounts for the Trust as a whole. All capitalized
terms used herein shall have the respective meanings set forth in the Pooling
and Servicing Agreement.
A. Information Regarding the Current Distribution
-----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $87.222
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest. . . . . . . . . . . . . . . . . $83.333
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest. . . . $3.889
53 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1996 - R Certificates . . . . . . . . . $132,385,405.06
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates. . . . . . . $115,851,521.91
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $289.629
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $3,434,735.36
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates. . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1996 - R Certificates,
if any. . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1996 - R Certificates,
if any. . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series). . . . . . $16,129,621,329.17
54 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1996 - R
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . $380,071,565.34
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . $333,333,333.34
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1996 - R Certificates for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 2.356%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1996 - R
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 2.834%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.70%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.30%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
55 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1996 - R
Certificates (the "Investor Default Amount")
1. Investor Default Amount . . . . . . . . . . . . . $2,075,738.34
2. Recoveries. . . . . . . . . . . . . . . . . . . . $297,605.58
3. Net Default Receivables . . . . . . . . . . . . . $1,778,132.76
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $1,820,480.25
2. Recoveries. . . . . . . . . . . . . . . . . . . . $261,008.37
3. Net Default Receivables . . . . . . . . . . . . . $1,559,471.88
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $255,258.09
2. Recoveries . . . . . . . . . . . . . . . . . . . $36,597.21
3. Net Default Receivables . . . . . . . . . . . . . $218,660.88
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $237,544.73
56 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $395,907.88
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount"). . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date). . . . . . . . . . $4,571,429.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date. . . . . . . . . . . . . . . . . . . 1.524%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date. . . . . . . . . . . . . $46,738,232.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $41,535,919.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . $51,309,661.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $46,107,348.00
57 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . 75.00000000%
D. Deficit Controlled Amortization Amount.
--------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By _______________________________________________
James A. Harwood
Title: Vice President
58 of 100
<PAGE>
EXHIBIT 28K
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
-----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1996 - S
August 6, 1999
-----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1996 - S Supplement dated as of November 01, 1996 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to Class A
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required to
be prepared with respect to the distribution on the August 16, 1999 Payment
Date and with respect to the performance of the Trust during the Due Period
for such Payment Date is set forth below. Certain of the information is
presented on the aggregate amounts for the Trust as a whole. All capitalized
terms used herein shall have the respective meanings set forth in the Pooling
and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . . $4.716
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest. . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 Interest. . . . $4.716
59 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1996 - S Certificates . . . . . . . . . $14,835,765.78
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $12,981,295.05
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $7,211,868.36
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution Date
allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the
Series 1996 - S Certificates,
if any . . . . . . . . . . . . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections allocated
in respect of the Series 1996 - S Certificates,
if any. . . . . . . . . . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series). . . . . . $16,129,621,329.17
60 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1996 - S
Certificates (the "Invested Amount") for
the Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . $800,000,000.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Invested Amount")
for the Due Period with respect to the
current Distribution Date. . . . . . . . . . . . . $700,000,000.00
d. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1996 - S Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 4.960%
e. The Invested Percentage with respect to
Principal Receivables for the Series 1996 - S
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 4.960%
f. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
g. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
h. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.50%
i. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
61 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1996 - S
Certificates (the "Investor Default Amount")
1. Investor Default Amount. . . . . . . . . . . . . $4,369,152.60
2. Recoveries . . . . . . . . . . . . . . . . . . . $626,420.11
3. Net Default Receivables. . . . . . . . . . . . . $3,742,732.49
b. The Class A Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . . $3,823,008.53
2. Recoveries . . . . . . . . . . . . . . . . . . . $548,117.59
3. Net Default Receivables. . . . . . . . . . . . . $3,274,890.94
c. The Collateral Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . . $546,144.07
2. Recoveries . . . . . . . . . . . . . . . . . . . $78,302.52
3. Net Default Receivables. . . . . . . . . . . . . $467,841.55
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A
Investor Charge-Offs, if any, by which
the principal balance of the
Class A Certificates exceeds the
Class A Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution Date. . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $500,000.00
62 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $833,333.34
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . $8,000,000.00
c. The amount as computed in 7.b as a
percentage of the Class A Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date . . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $100,000,000.00
b. The Collateral Invested Amount after
giving effect to all withdrawals, deposits, and
payments on the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $100,000,000.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date. . . . . . . . . . . . . . . . . $108,000,000.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $108,000,000.00
63 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Deficit Controlled Amortization Amount.
---------------------------------------
1. The Deficit Controlled Amortization Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By _______________________________________________
Title: Vice President
64 of 100
<PAGE>
EXHIBIT 28L
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1997 - T
August 6, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1997 - T
Supplement dated as of October 01, 1997 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the August 16, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . . . $4.667
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . . $4.667
65 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1997 - T Certificates . . . . . . . . . $12,716,370.64
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $11,126,824.32
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $6,210,934.75
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1997 - T Certificates, if any . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of
the Series 1997 - T Certificates, if any . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . $16,129,621,329.17
66 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1997 - T
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $685,714,286.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested
Amount") for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . $600,000,000.00
d. The Invested Amount for the Due Period
with respect to the current Dis-
tribution Date . . . . . . . . . . . . . . . . . . $685,714,286.00
e. The Class A Invested Amount for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $600,000,000.00
f. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1997 - T Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 4.251%
g. The Invested Percentage with respect to
Principal Receivables for the Series 1997 - T
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 4.251%
h. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
i. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
67 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1997 - T
Certificates (the "Investor Default Amount").
1. Investor Default Amount . . . . . . . . . . . . . . $3,744,987.95
2. Recoveries . . . . . . . . . . . . . . . . . . . . $536,931.50
3. Net Default Receivables . . . . . . . . . . . . . . $3,208,056.45
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . . $3,276,864.46
2. Recoveries . . . . . . . . . . . . . . . . . . . . $469,815.07
3. Net Default Receivables . . . . . . . . . . . . . . $2,807,049.39
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . . $468,123.49
2. Recoveries . . . . . . . . . . . . . . . . . . . . $67,116.43
3. Net Default Receivables . . . . . . . . . . . . . . $401,007.06
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $428,571.43
68 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $714,285.71
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . $6,857,143.00
c. The amount as computed in 7.b as a
percentage of the Class A Adjusted Invested
Amount after giving effect to all re-
ductions thereof on the current Dis-
tribution Date . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $85,714,286.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date . . . . . . . . . . . . . . . . . $85,714,286.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $92,571,429.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $92,571,429.00
69 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the last
day of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
--------------------------
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds . . . . . . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . . . . . . $0.00
E. Reserve Account.
----------------
1. The Reserve Draw Amount for the current
Distribution Date . . . . . . . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date) . . . $1,500,000.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By _______________________________________________
James A. Harwood
Title: Vice President
70 of 100
<PAGE>
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1997 - T
August 6, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee (the "Trustee"), as amended and supplemented by the Series 1997 - T
Supplement dated as of October 01, 1997 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the July 15, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . $4.215
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $4.215
71 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $847,253,030.10
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1997 - T Certificates . . . . . . . . . $12,091,521.04
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $10,580,080.92
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . . $17.633
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $5,657,764.71
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1997 - T Certificates, if any . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of
the Series 1997 - T Certificates, if any . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . .$16,175,668,948.51
72 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1997 - T
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . $685,714,286.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested
Amount") for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . . $600,000,000.00
d. The Invested Amount for the Due Period
with respect to the current Distribution Date . . . . $685,714,286.00
e. The Class A Invested Amount for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . $600,000,000.00
f. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1997 - T Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 4.239%
g. The Invested Percentage with respect to
Principal Receivables for the Series 1997 - T
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . . . 4.239%
h. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 87.50%
i. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $779,453,888.10
73 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1997 - T
Certificates (the "Investor Default Amount").
1. Investor Default Amount . . . . . . . . . . . . $3,973,068.46
2. Recoveries . . . . . . . . . . . . . . . . . . $168,265.42
3. Net Default Receivables . . . . . . . . . . . . $3,804,803.04
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $3,476,434.90
2. Recoveries . . . . . . . . . . . . . . . . . . $147,232.25
3. Net Default Receivables . . . . . . . . . . . . $3,329,202.65
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . $496,633.56
2. Recoveries . . . . . . . . . . . . . . . . . . $21,033.17
3. Net Default Receivables . . . . . . . . . . . . $475,600.39
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $428,571.43
74 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . . $714,285.71
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . $6,857,143.00
c. The amount as computed in 7.b as a
percentage of the Class A Adjusted Invested
Amount after giving effect to all re-
ductions thereof on the current Dist-
ribution Date . . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $85,714,286.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date . . . . . . . . . . . . . . . . . $85,714,286.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $92,571,429.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $92,571,429.00
75 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the last
day of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
--------------------------
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds . . . . . . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . . . . . $0.00
E. Reserve Account
---------------
1. The Reserve Draw Amount for the current
Distribution Date . . . . . . . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date) . . . $1,500,000.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By ____________________________________________
James A. Harwood
Title: Vice President
76 of 100
<PAGE>
Exhibit 28M
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1997 - U
August 6, 1999
------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1997 - U
Supplement dated as of October 01, 1997 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the August 16, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest..................... $4.707
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest.................................. $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest.................................. $4.707
77 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1997 - U Certificates . . . . . . . . . $8,477,580.45
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . . $7,417,882.88
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest. . . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . . $4,124,623.18
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1997 - U Certificates, if any . . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of
The Series 1997 - U Certificates, if any . . . . . . $0.00
2. Receivables in Trust.
--------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . .$16,129,621,329.17
78 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1997 - U
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . $457,142,858.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested
Amount") for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . . $400,000,000.00
d. The Invested Amount for the Due Period
with respect to the current Distribution Date . . . $457,142,858.00
e. The Class A Invested Amount for the Due Period
with respect to the current Distribution Date . . . $400,000,000.00
f. The Invested Percentage with respect to
Finance Charge Receivables (including Interchange)
and Defaulted Receivables for the Series 1997 - U
Certificates for the Due Period with respect to
the current Distribution Date . . . . . . . . . . . 2.834%
g. The Invested Percentage with respect to
Principal Receivables for the Series 1997 - U
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . . 2.834%
h. The Class A Floating Percentage for the Due Period
with respect to the current Distribution Date . . . 87.50%
i. The Class A Principal Percentage for the Due Period
with respect to the current Distribution Date . . . 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
-------------------
The aggregate amount of outstanding balances
in the Accounts which were 30 or more days
delinquent as of the end of the Due Period
for the current Distribution Date . . . . . . . . . $834,622,329.98
79 of 100
<PAGE>
4. Investor Default Amount.
-----------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1997 - U
Certificates (the "Investor Default Amount").
1. Investor Default Amount . . . . . . . . . . . $2,496,658.65
2. Recoveries . . . . . . . . . . . . . . . . . $357,954.34
3. Net Default Receivables . . . . . . . . . . . $2,138,704.31
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . $2,184,576.31
2. Recoveries . . . . . . . . . . . . $313,210.05
3. Net Default Receivables . . . . . . . $1,871,366.26
c. The Collateral Investor Default Amount
1. Investor Default Amount. . . . . . . . $312,082.34
2. Recoveries . . . . . . . . . . . $44,744.29
3. Net Default Receivables . . . . . . . $267,338.05
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution Date . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the Class A
Adjusted Invested Amount as of the end of the day
on the Record Date with respect to the current
Distribution Date . . . . . . . . . . . . . $0.00
c. The amount of the Collateral Charge-Offs, if any,
for the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee payable
by the Trust to the Servicer with respect to the
current Distribution Date . . . . . . . . . . . . . . . $285,714.29
80 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution Date. . . . . $476,190.48
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn from the Cash
Collateral Account for the current
Distribution Date (the "Withdrawal Amount"). . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the end of
the day on the current Distribution Date,
after giving effect to all withdrawals, deposits
and payments to be made on such Distribution Date
(the "Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . . . $4,571,429.00
c. The amount as computed in 7.b as a percentage
of the Class A Adjusted Invested Amount after
giving effect to all reductions thereof on the
current Distribution Date . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
Current Distribution Date. . . . . . . . . . . . . . . $57,142,858.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date. . . . . . . . . . . . . . . . . . . $57,142,858.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . . $61,714,287.00
b. The total Enhancement after giving effect to all
withdrawals, deposits and payments on the
current Distribution Date . . . . . . . . . . . . . . $61,714,287.00
81 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio of
the Class A Adjusted Invested Amount on the
last day of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the Class A
Initial Invested Amount). The amount of a Class A
Certificateholder's pro rata share of the Class A
Invested Amount can be determined by multiplying
the original denomination of the holder's Class A
Certificate by the Pool Factor . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
-------------------------
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . $0.00
E. Reserve Account.
----------------
1. The Reserve Draw Amount for the current
Distribution Date . . . . . . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the Next Distribution Date) . . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
---------------------------
James A. Harwood
Title: Vice President
82 of 100
<PAGE>
Exhibit 28N
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
----------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1998 - V
August 6, 1999
----------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as
Seller and Servicer ("FCCNB"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1998 - V Supplement dated as of November 01, 1998 by and between FCCNB
and the Trustee, FCCNB, as Servicer, is required to prepare certain
information for each Payment Date regarding current distributions to Class A
Certificateholders and the performance of the First Chicago Master Trust II
(the "Trust") during the previous period. The information which is required to
be prepared with respect to the distribution on the August 16, 1999 Payment
Date and with respect to the performance of the Trust during the Due Period
for such Payment Date is set forth below. Certain of the information is
presented on the aggregate amounts for the Trust as a whole. All capitalized
terms used herein shall have the respective meanings set forth in the Pooling
and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . $4.853
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $4.853
83 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series. . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1998 - V Certificates . . . . . . . . . $21,193,951.10
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates . . . . . . $18,544,707.20
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest. . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . . $10,164,891.30
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates . . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1998 - V Certificates, if any. . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of
the Series 1998 - V Certificates, if any . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series) . . . . . $16,129,621,329.17
84 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1998 - V
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution date . . . . . . . . . . . . . . . . $1,142,857,143.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested Amount")
for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . $1,000,000,000.00
d. The Invested Amount for the Due Period
with respect to the current Dis-
tribution Date. . . . . . . . . . . . . . . . . . $1,142,857,143.00
e. The Class A Invested Amount for the Due
Period with respect to the current
Distribution date . . . . . . . . . . . . . . . . $1,000,000,000.00
f. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1998 - V Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 7.085%
g. The Invested Percentage with respect to
Principal Receivables for the Series 1998 - V
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . 7.085%
h. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
i. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
85 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1998 - V
Certificates (the "Investor Default Amount").
1. Investor Default Amount . . . . . . . . . . . . . $6,241,646.58
2. Recoveries. . . . . . . . . . . . . . . . . . . . $894,885.86
3. Net Default Receivables . . . . . . . . . . . . . $5,346,760.72
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $5,461,440.76
2. Recoveries. . . . . . . . . . . . . . . . . . . . $783,025.12
3. Net Default Receivables . . . . . . . . . . . . . $4,678,415.64
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . . . $780,205.82
2. Recoveries. . . . . . . . . . . . . . . . . . . . $111,860.74
3. Net Default Receivables . . . . . . . . . . . . . $668,345.08
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance of the
Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . . . $714,285.71
86 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $1,190,476.19
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all with-
drawals, deposits and payments to be
made on such Distribution Date (the
"Available Cash Collateral Amount"
for the next Distribution Date) . . . . . . . . . $11,428,572.00
c. The amount as computed in 7.b as a
percentage of the Class A Adjusted Invested
Amount after giving effect to all re-
ductions thereof on the current Dis-
tribution Date. . . . . . . . . . . . . . . . . . . 1.143%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . . $142,857,143.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date . . . . . . . . . . . . . . . . . $142,857,143.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . . $154,285,715.00
b. The total Enhancement after giving ef-
fect to all withdrawals, deposits and
payments on the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $154,285,715.00
87 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
--------------------------
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds . . . . . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . . . . $0.00
E. Reserve Account.
----------------
1. The Reserve Draw Amount for the current
Distribution Date . . . . . . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date) . . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By _______________________________________________
Title: Vice President
88 of 100
<PAGE>
Exhibit 28O
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
---------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1999 - W
August 6, 1999
---------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee (the "Trustee"), as amended and supplemented by the Series 1999 - W
Supplement dated as of March 01, 1999 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the August 16, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest . . . . . . . $4.702
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates,
per $1,000 interest . . . . . . . . . . . $4.702
89 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1999-W Certificates. . . . . . . . . . $15,895,463.34
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates. . . . . . $13,908,530.42
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $7,737,001.81
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates. . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1999 - W Certificates, if any . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of
the Series 1999 - W Certificates, if any. . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series). . . . . $16,129,621,329.17
90 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1999 - W
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . $857,142,857.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested
Amount")for the Due Period with respect to the
current Distribution Date. . . . . . . . . . . . $750,000,000.00
d. The Invested Amount for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $857,142,857.00
e. The Class A Invested Amount for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . $750,000,000.00
f. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1999 - W Certificates for the Due
Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . 5.314%
g. The Invested Percentage with respect to
Principal Receivables for the Series 1999 - W
Certificates for the Due Period with respect
to the current Distribution Date . . . . . . . . 5.314%
h. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . 87.50%
i. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date. . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
91 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1999 - W
Certificates (the "Investor Default Amount").
1. Investor Default Amount. . . . . . . . . . . . $4,681,234.93
2. Recoveries . . . . . . . . . . . . . . . . . . $671,164.41
3. Net Default Receivables. . . . . . . . . . . . $4,010,070.52
b. The Class A Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . $4,096,080.57
2. Recoveries . . . . . . . . . . . . . . . . . . $587,268.85
3. Net Default Receivables. . . . . . . . . . . . $3,508,811.72
c. The Collateral Investor Default Amount
1. Investor Default Amount. . . . . . . . . . . . $585,154.36
2. Recoveries . . . . . . . . . . . . . . . . . . $83,895.56
3. Net Default Receivables. . . . . . . . . . . . $501,258.80
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $0.00
c. The amount of the Collateral Charge-
Offs, if any, for the Due Period with
respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $535,714.29
92 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $892,857.14
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount"). . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all withdrawals,
deposits and payments to be made on such
Distribution Date (the "Available Cash Collateral
Amount" for the next Distribution Date). . . . . 8,571,429.00
c. The amount as computed in 7.b as a percentage
of the Class A Adjusted Invested Amount after
giving effect to all reductions thereof on the
current Distribution Date. . . . . . . . . . . . 0.000%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the current
Distribution Date. . . . . . . . . . . . . . . . $107,142,857.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date. . . . . . . . . . . . . . . . $107,142,857.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date. . . . . . . . . . . . . . . . $115,714,286.00
b. The total Enhancement after giving effect
to all withdrawals, deposits and payments
on the current Distribution Date . . . . . . . . $115,714,286.00
93 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
--------------------------
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds. . . . . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . . . . $0.00
E. Reserve Account.
----------------
1. The Reserve Draw Amount for the current
Distribution Date. . . . . . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date). . $0.00
FCC National Bank,
Servicer
/s/ James A. Harwood
By __________________________________________
James A. Harwood
Title: Vice President
94 of 100
<PAGE>
Exhibit 28X
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
------------------------------------------------
FIRST CHICAGO MASTER TRUST II
Series 1999 - X
August 6, 1999
------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 by and between FCC National Bank, as Seller
and Servicer ("FCCNB"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1999 - X
Supplement dated as of June 01, 1999 by and between FCCNB and the Trustee,
FCCNB, as Servicer, is required to prepare certain information for each Payment
Date regarding current distributions to Class A Certificateholders and the
performance of the First Chicago Master Trust II (the "Trust") during the
previous period. The information which is required to be prepared with respect
to the distribution on the August 16, 1999 Payment Date and with respect to the
performance of the Trust during the Due Period for such Payment Date is set
forth below. Certain of the information is presented on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall have the
respective meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution
----------------------------------------------
(Stated on the Basis of $1,000 Original Principal Amount).
----------------------------------------------------------
1. The total amount of the distribution to
Class A Certificateholders on the
Payment Date per $1,000 interest. . . . . . . . . $4.738
2. The amount of the distribution set forth
in paragraph 1 above in respect of
principal on the Class A Certificates,
per $1,000 interest . . . . . . . . . . . . . . . $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on
the Class A Certificates, per $1,000 interest . . $4.738
95 of 100
<PAGE>
B. Information Regarding the Performance of the Trust.
---------------------------------------------------
1. Collections of Receivables.
---------------------------
a. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Investor Certificates of all Series . . . . . $856,665,058.47
b. The aggregate amount of Collections of
Receivables processed for the Due Period
with respect to the current Distribution
Date which were allocated in respect of
the Series 1999 - X Certificates. . . . . . . . . $15,895,463.34
c. The aggregate amount of Collections of
Receivables processed for the Due
Period with respect to the current
Distribution Date which were allocated
in respect of the Class A Certificates. . . . . . $13,908,530.42
d. The amount of Collections of Receivables
processed for the Due Period with respect
to the current Distribution Date which were
allocated in respect of Class A
Certificates, per $1,000 interest . . . . . . . . $18.545
e. The amount of Excess Spread for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $7,710,335.15
f. The amount of Reallocated Principal
Collections for the Due Period with
respect to the current Distribution
Date allocated in respect of the
Class A Certificates. . . . . . . . . . . . . . . $0.00
g. The amount of Excess Finance Charge
Collections allocated in respect of the Series
1999 - X Certificates, if any . . . . . . . . . . $0.00
h. The amount of Excess Principal Collections
allocated in respect of the Series 1999 - X
Certificates, if any. . . . . . . . . . . . . . . $0.00
2. Receivables in Trust.
---------------------
a. Aggregate Principal Receivables for the
Due Period with respect to the current
Distribution Date (which reflects the
Principal Receivables represented by the
Exchangeable Seller's Certificate and by
the Investor Certificates of all Series). . . . . $16,129,621,329.17
96 of 100
<PAGE>
b. The amount of Principal Receivables in
the Trust represented by the Series 1999 - X
Certificates (the "Adjusted Invested Amount") for
the Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $857,142,857.00
c. The amount of Principal Receivables
in the Trust represented by the Class A
Certificates (the "Class A Adjusted Invested
Amount") for the Due Period with respect to the
current Distribution Date . . . . . . . . . . . . $750,000,000.00
d. The Invested Amount for the Due Period
with respect to the current Distribution Date . . $857,142,857.00
e. The Class A Invested Amount for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . $750,000,000.00
f. The Invested Percentage with respect to
Finance Charge Receivables (including
Interchange) and Defaulted Receivables for
the Series 1999 - X Certificates for the Due
Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 5.314%
g. The Invested Percentage with respect to
Principal Receivables for the Series 1999 - X
Certificates for the Due Period with respect
to the current Distribution Date. . . . . . . . . 5.314%
h. The Class A Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
i. The Class A Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 87.50%
j. The Collateral Floating Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 12.50%
k. The Collateral Principal Percentage for the
Due Period with respect to the current
Distribution Date . . . . . . . . . . . . . . . . 12.50%
3. Delinquent Balances.
--------------------
The aggregate amount of outstanding
balances in the Accounts which were 30
or more days delinquent as of the end of
the Due Period for the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $834,622,329.98
97 of 100
<PAGE>
4. Investor Default Amount.
------------------------
a. The aggregate amount of all Defaulted
Receivables written off as uncollectible
during the Due Period with respect
to the current Distribution Date
allocable to the Series 1999 - X
Certificates (the "Investor Default Amount").
1. Investor Default Amount . . . . . . . . . . . $4,681,234.93
2. Recoveries. . . . . . . . . . . . . . . . . . $671,164.41
3. Net Default Receivables . . . . . . . . . . . $4,010,070.52
b. The Class A Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . $4,096,080.57
2. Recoveries. . . . . . . . . . . . . . . . . . $587,268.85
3. Net Default Receivables . . . . . . . . . . . $3,508,811.72
c. The Collateral Investor Default Amount
1. Investor Default Amount . . . . . . . . . . . $585,154.36
2. Recoveries. . . . . . . . . . . . . . . . . . $83,895.56
3. Net Default Receivables . . . . . . . . . . . $501,258.80
5. Investor Charge-offs.
---------------------
a. The amount of the Class A Investor
Charge-Offs per $1,000 interest after
reimbursement of any such Class A
Investor Charge-Offs for the Due Period
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $0.00
b. The amount attributable to Class A Investor
Charge-Offs, if any, by which the principal balance
of the Class A Certificates exceeds the
Class A Adjusted Invested Amount as of the end
of the day on the Record Date with
respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $0.00
c. The amount of the Collateral Charge-Offs,
if any, for the Due Period with respect
to the current Distribution Date . . . . . . . . $0.00
6. Monthly Servicing Fee.
----------------------
a. The amount of the Monthly Servicing Fee
payable by the Trust to the Servicer
with respect to the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . $535,714.29
98 of 100
<PAGE>
b. The amount of the Interchange Monthly
Servicing Fee payable to the Servicer
with respect to the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $892,857.14
7. Available Cash Collateral Amount.
---------------------------------
a. The amount, if any, withdrawn
from the Cash Collateral Account
for the current Distribution Date
(the "Withdrawal Amount") . . . . . . . . . . . . $0.00
b. The amount available to be withdrawn from
the Cash Collateral Account as of the
end of the day on the current Distribution
Date, after giving effect to all withdrawals,
deposits and payments to be made on such
Distribution Date (the "Available Cash Collateral
Amount" for the next Distribution Date) . . . . . $0.00
c. The amount as computed in 7.b as a
percentage of the Class A Adjusted Invested
Amount after giving effect to all reductions
thereof on the current Distribution Date. . . . . 0.000%
8. Collateral Invested Amount.
---------------------------
a. The Collateral Invested Amount for the
current Distribution Date . . . . . . . . . . . . $107,142,857.00
b. The Collateral Invested Amount after
giving effect to all withdrawals,
deposits, and payments on the current
Distribution Date . . . . . . . . . . . . . . . . $107,142,857.00
9. Total Enhancement.
------------------
a. The total Enhancement for the current
Distribution Date . . . . . . . . . . . . . . . . $115,714,286.00
b. The total Enhancement after giving effect
to all withdrawals, deposits and
payments on the current Distribution
Date. . . . . . . . . . . . . . . . . . . . . . . $115,714,286.00
99 of 100
<PAGE>
C. The Pool Factor.
----------------
The Pool Factor (which represents the ratio
of the Class A Adjusted Invested Amount on the last day
of the month ending on the Record Date
adjusted for Class A Investor Charge-Offs set
forth in B.5.a. above and for the distributions
of principal set forth in A.2 above to the
Class A Initial Invested Amount). The amount
of a Class A Certificateholder's pro rata share
of the Class A Invested Amount can be determined
by multiplying the original denomination of the
holder's Class A Certificate by the Pool
Factor . . . . . . . . . . . . . . . . . . . . . . 100.00000000%
D. Principal Funding Account.
--------------------------
1. The Principal Funding Investment Proceeds
deposited in the Collection Account for the
current Distribution Date to be treated as
Class A Available Funds. . . . . . . . . . . . . . $0.00
2. The Excess Principal Funding Investment
Proceeds for the current Distribution Date . . . . $0.00
3. The Principal Funding Account Balance as of
the end of day on the current Distribution
Date . . . . . . . . . . . . . . . . . . . . . . . $0.00
4. The Deficit Controlled Accumulation Amount
for the preceding Due Period . . . . . . . . . . . $0.00
E. Reserve Account.
----------------
1. The Reserve Draw Amount for the current
Distribution Date. . . . . . . . . . . . . . . . . $0.00
2. The amount on deposit in the Reserve Account
as of the end of the day on the current
Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date). . $0.00
FCC National Bank,
Servicer
By /s/ James A. Harwood
-------------------------------------
Title: Vice President
100 of 100
