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FORM 8-K/A
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) July 15, 1999
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FCC National Bank on Behalf of First Chicago Master Trust II
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(Exact name of registrant as specified in its charters)
United States of America 0-16337 51-0269396
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Numbers) Identification No.)
One Gateway Center, 300 King Street, Wilmington, Delaware 19801
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: 302-656-5020
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Exhibit Index on Page 4
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Item 5. Other Events.
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The Registrant hereby amends and restates in its entirety Exhibit 28 L
previously filed on July 15, 1999 on a Form 8-K dated as of July 15, 1999. The
Registrant hereby incorporates by reference the information contained in Exhibit
28L hereto in response to this Item 5.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
28L. Certificateholder's Payment Date Statement-First Chicago Master
Trust II Floating Rate Asset Backed Certificates Series 1997-T, as
amended and restated in its entirety.
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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
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Date: July 26, 1999 By /s/ Sharon A. Renchof
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Title: Assistant Secretary
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INDEX TO EXHIBITS
Exhibit Description of
Number Exhibit
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28L. Certificateholder's Payment Date
As Amended Statement - First Chicago Master
and Restated Trust II Floating Rate Asset Backed
Certificates Series 1997-T.
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Exhibit 28L
AS AMENDED AND
RESTATED.
CERTIFICATEHOLDERS' PAYMENT DATE STATEMENT
FCC NATIONAL BANK
________________________________________________________________________________
FIRST CHICAGO MASTER TRUST II
Series 1997 - T
July 7, 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
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(Stated on the Basis of $1,000 Original Principal Amount).
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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
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B. Information Regarding the Performance of the Trust.
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1. Collections of Receivables.
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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 $1000 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.
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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
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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.
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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
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4. Investor Default Amount.
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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.
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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.
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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
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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.
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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 reductions
thereof on the current Distribution
Date .............................................. 1.143%
8. Collateral Invested Amount.
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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.
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a. The total Enhancement for the current
Distribution Date ................................ $92,571,429.00
b. The total Enhancement after giving effect
to all withdrawals, deposits and
payments on the current Distribution
Date ............................................. $92,571,429.00
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C. The Pool Factor.
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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.
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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.
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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
By /s/ James A. Harwood
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Title: Vice President
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