<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
---------
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the Fiscal Year Ended December 31, 1999
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission file number 33-99362
FIRST USA BANK, NATIONAL ASSOCIATION
(Exact name of registrant as specified in its charter)
(As Servicer on behalf of First USA Credit Card Master Trust)
Laws of the United States 51-0269396
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
201 North Walnut Street 19801
Wilmington, Delaware (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (302) 594-4000
Securities registered pursuant to Section 12(b) of the Act: NONE
<TABLE>
<S> <C>
Securities registered pursuant to Section 12(g) of the Act:
Series 1994-4, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1994-6, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1994-8, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1995-2, Class A Floating Rate Asset Backed Certificates
Series 1995-5, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1995-6, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1996-1, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1996-2, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1996-4, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1996-6, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1996-8, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-1, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-2, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-3, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-4, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-5, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-6, Class A 6.42% Asset Backed Certificates and Class B 6.58% Asset
Backed Certificates
Series 1997-7, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-8, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-9, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1997-10, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-1, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-3, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-4, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-5, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-6, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-7, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-8, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1998-9, Class A 5.28% Asset Backed Certificates and Class B 5.55% Asset
Backed Certificates
Series 1999-1, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1999-2, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1999-3, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
Series 1999-4, Class A Floating Rate Asset Backed Certificates and Class B
Floating Rate Asset Backed Certificates
</TABLE>
Indicate by check mark whether the Registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES [x] NO
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.
Not Applicable.
State the aggregate market value of the voting stock held by non-affiliates of
the Registrant. The aggregate market value shall be computed by reference to
the price at which the stock was sold, or the average bid and asked prices of
such stock, as of a specified date within 60 days prior to the date of filing.
Not Applicable.
Indicate the number shares outstanding of each of the Registrant's class of
common stock, as of the latest practicable date.
Not Applicable.
DOCUMENTS INCORPORATED BY REFERENCE: NONE
================================================================================
<PAGE>
FIRST USA BANK, N.A.
FIRST USA CREDIT CARD MASTER TRUST
1999 FORM 10-K ANNUAL REPORT
TABLE OF CONTENTS
<TABLE>
<CAPTION>
PAGE
----
<S> <C>
Introductory Note................................................................ 3
PART I
PAGE
----
ITEM 1. Business............................................................. 5
ITEM 2. Properties........................................................... 5
ITEM 3. Legal Proceedings.................................................... 8
ITEM 4. Submission of Matters to a Vote of Security Holders.................. 8
PART II
ITEM 5. Market for Registrant's Common Equity and Related Stockholder
Matters.............................................................. 9
ITEM 6. Selected Financial Data.............................................. 11
ITEM 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations............................................ 11
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk........... 11
ITEM 8. Financial Statements and Supplementary Data.......................... 11
ITEM 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure............................................. 11
PART III
ITEM 10. Directors and Executive Officers of the Registrant................... 11
ITEM 11. Executive Compensation............................................... 12
ITEM 12. Security Ownership of Certain Beneficial Owners and Management....... 12
ITEM 13. Certain Relationships and Related Transactions....................... 45
PART IV
ITEM 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K....... 46
SIGNATURES
Signatures....................................................................... 47
</TABLE>
2
<PAGE>
Introductory Note
-----------------
First USA Bank, National Association (the "Bank") is the transferor and servicer
(in such capacities, the "Transferor" and the "Servicer") under the Pooling and
Servicing Agreement (the "Agreement"), dated as of September 1, 1992, and the
following series supplements (the "Supplements"):
Supplement Dated as of
---------- -----------
1994-4 June 1, 1994
1994-6 July 30, 1994
1994-8 November 8, 1994
1995-2 March 1, 1995
1995-5 September 14, 1995
1995-6 December 7, 1995
1996-1 March 6, 1996
1996-2 June 4, 1996
1996-4 August 6, 1996
1996-6 November 13, 1996
1996-8 December 11, 1996
1997-1 February 4, 1997
1997-2 May 8, 1997
1997-3 June 10, 1997
1997-4 June 10, 1997
1997-5 August 7, 1997
1997-6 September 9, 1997
1997-7 September 9, 1997
1997-8 September 23, 1997
1997-9 October 9, 1997
1997-10 December 23, 1997
1998-1 May 21, 1998
1998-3 June 25, 1998
1998-4 July 22, 1998
1998-5 August 27, 1998
1998-6 August 27, 1998
1998-7 September 17, 1998
1998-8 September 17, 1998
1998-9 December 22, 1998
1999-1 February 24, 1999
1999-2 February 24, 1999
1999-3 May 4, 1999
1999-4 May 26, 1999
The Agreement and Supplements are by and between the Bank and The Bank of New
York (Delaware) as trustee (the "Trustee"), providing for the issuance of First
USA Credit Card Master Trust Asset Backed Certificates (the "Certificates").
The Bank is the originator of the First USA Credit Card Master Trust (the
"Registrant"). The Certificates do not represent obligations of or interests in
the Bank. Lomas Bank USA, the predecessor of the Bank, applied for an exemption
from certain reporting requirements pursuant to Section 12(h) of the Securities
and Exchange Act of 1934. The Securities and Exchange Commission granted Lomas
Bank USA an exemption from certain reporting requirements pursuant to an Order
of the Securities and Exchange Commission dated March 28, 1989. The Bank is
relying on such order in not responding to various items of Form 10-K. Such
items are designated herein as "Not Applicable."
The Bank is a direct wholly owned subsidiary of BANK ONE CORPORATION ("BANK
ONE").
3
<PAGE>
On September 17, 1999, the Bank was merged with and into FCC National Bank, an
affiliated national banking association, and the surviving entity. The
surviving entity was renamed "First USA Bank, National Association".
In addition to the issuance of the Certificates described above, the First USA
Credit Card Master Trust has issued the following interests in the Trust:
. Class B Floating Rate Asset Backed Certificates, Series 1995-2, issued
pursuant to the Agreement and the Series 1995-2 Supplement dated as of
March 1, 1995.
. Class A Floating Rate Asset Backed Certificates and Class B Floating Rate
Asset Backed Certificates issued pursuant to the Agreement and the Series
1996-7 Supplement dated as of December 11, 1996.
. Class A Floating Rate Asset Backed Certificates and Class B Floating Rate
Asset Backed Certificates issued pursuant to the Agreement and the Series
1998-2 Supplement dated as of May 21, 1998.
. Class A Variable Funding Asset Backed Certificates and Class B Variable
Funding Asset Backed Certificates issued pursuant to the Agreement and the
Series 1999-A Supplement dated as of June 28, 1999.
. Class A Variable Funding Asset Backed Certificates and Class B Variable
Funding Asset Backed Certificates issued pursuant to the Agreement and the
Series 1999-B Supplement dated as of June 28, 1999.
. Collateral Invested Amounts, CIA Certificates and Excess Collateral which
represent credit enhancement to certain series were issued pursuant to the
Agreement and the related series Supplements.
The First USA Credit Card Master Trust has made the following final payments
with respect to the following Series:
. The final payments with respect to Series 1995-1 Asset Backed Certificates
and the Series 1993-3 Asset Backed Certificates issued by the First USA
Credit Card Master Trust were made on March 15, 1999 and April 15, 1999,
respectively, and the final payment with respect to the Series 1994-7 Asset
Backed Certificates issued by the First USA Credit Card Master Trust was
made on November 15, 1999. Therefore information with respect to such
certificates is not included in this report.
. The final payment for the Class B Floating Rate Asset Backed Certificates,
Series 1995-1 issued pursuant to the Agreement and the Series 1995-1
Supplement dated as of March 1, 1995 was made on March 15, 1999.
. The final payment for the Floating Rate Asset Backed Certificates, Series
1996-3, issued pursuant to the Agreement and the Series 1996-3 Supplement
dated as of June 6, 1996 was made on June 10, 1999.
4
<PAGE>
PART I
ITEM 1. BUSINESS
Not applicable
ITEM 2. PROPERTIES
The property of the First USA Credit Card Master Trust (the "Trust") includes
and will include receivables (the "Receivables") arising under certain VISA(R)
and MasterCard(R) revolving credit card accounts (the "Accounts") selected by
the Transferor from a portfolio of VISA and MasterCard accounts owned by First
USA Bank, National Association (the "Transferor"), all monies due or to become
due in payment of the Receivables, all proceeds of the Receivables and all
monies on deposit in certain bank accounts of the Trust (other than certain
investment earnings on such amounts), all amounts received by the Transferor or
the Servicer with respect to Receivables in accounts which are written off as
uncollectible ("Recoveries) and any Enhancement issued with respect to any
undivided ownership interest in the assets of the Trust issued from time to time
in one or more Series ("Series") or any class of such Series (a "Class"). The
term "Enhancement" means, with respect to any Series or Class, any letter of
credit, cash collateral account or guaranty, collateral invested amount,
guaranteed rate agreement, maturity guaranty facility, tax protection agreement,
interest rate swap or other contract or agreement for the benefit of
certificateholders of such Series or Class. Enhancement may also take the form
of subordination of one or more classes of a Series to any other Class or
Classes of a Series or a cross-support feature which requires collections on
receivables of one Series to be paid as principal and/or interest with respect
to another Series.
The Transferor originally conveyed to the Trustee all Receivables existing under
certain Accounts that were selected by the Transferor from the portfolio of VISA
and MasterCard accounts owned by the Transferor (the "Bank Portfolio"), based on
criteria provided in the Pooling and Servicing Agreement as applied on August
21, 1992 (the "Cut Off Date"). Since the Cut Off Date, the Transferor has
transferred to the Trust the Receivables in certain additional Accounts
("Additional Accounts") in accordance with the provisions of the Pooling and
Servicing Agreement. The Transferor expects from time to time (subject to
certain limitations and conditions), and in certain circumstances will be
obligated, to designate Additional Accounts the Receivables in which will be
included in the Trust. The Transferor will transfer to the Trust all Receivables
in such Additional Accounts, whether such Receivables are then existing or
thereafter created. The addition to the Trust of Receivables in Additional
Accounts will be subject to certain conditions including, among others, that (a)
each such Additional Account must be an eligible account at the time of its
designation for inclusion in the Trust and (b) no selection procedure believed
by the Transferor to be materially adverse to the interests of the holders of
any Series of certificates will have been used in selecting such Additional
Accounts.
The Receivables conveyed to the Trust have arisen and will arise in Accounts
selected from the Bank Portfolio on the basis of criteria set forth in the
Pooling and Servicing Agreement (The "Trust Portfolio"). The Receivables in the
Trust Portfolio, as of the close of business on December 31, 1999, (including
the Additional Accounts added to the Trust on January 14, 2000 and February 25,
2000), consisted of $39,251,946,359 of Principal Receivables and $717,759,005 of
Finance Charge Receivables. As of December 31, 1999, Cardholders whose Accounts
are included in the Trust Portfolio, including
- ----------------------------
. VISA/R/ and MasterCard/R/ and are registered trademarks of Visa USA
Incorporated and MasterCard International Incorporated, respectively.
5
<PAGE>
Additional Accounts, had billing addresses in 50 states, the District of
Columbia and other United States territories and possessions.
The following tables summarize the Trust Portfolio by various criteria as of the
close of business on December 31, 1999 (including the Additional Accounts added
to the Trust on January 14, 2000 and February 25, 2000). Because the future
composition of the Trust Portfolio may change over time, these tables are not
necessarily indicative of the composition of the Trust Portfolio at any
subsequent time.
<TABLE>
<CAPTION>
Composition by Account Balance
Trust Portfolio
Percentage Percentage
of Total of Total
Number of Number of Amount of Amount of
Account Balance Accounts Accounts Receivables Receivables
--------------- -------- -------- ----------- -----------
<S> <C> <C> <C> <C>
Credit Balance........................ 316,095 1.1% $ (61,184,329) (0.2)%
No Balance............................ 14,115,877 50.8 0 0.0
$0.01 to $2,000.00.................... 7,352,615 26.4 4,928,000,922 12.4
$2,000.01 to $5,000.00................ 3,330,955 12.0 11,780,084,858 29.5
$5,000.00 to $10,000.00............... 2,044,108 7.4 14,481,772,104 36.2
$10,000.01 or More.................... 641,732 2.3 8,841,031,809 22.1
---------- ----- --------------- -----
Total................................. 27,801,382 100.0% $39,969,705,364 100.0%
========== ----- =============== -----
Composition by Credit Limit
Trust Portfolio
Percentage Percentage
of Total of Total
Credit Number of Number of Amount of Amount of
Limit Range Accounts Accounts Receivables Receivables
----------- -------- -------- ----------- -----------
$0.00 to $2,000.00.................... 2,632,870 9.5% $ 950,826,004 2.4%
$2,000.01 to $5,000.00................ 6,467,336 23.3 6,674,779,230 16.7
$5,000.01 to $10,000.00............... 9,683,759 34.8 13,791,828,965 34.5
$10,000.01 or More.................... 9,017,417 32.4 18,552,271,165 46.4
---------- ----- --------------- -----
Total................................. 27,801,382 100.0% $39,969,705,364 100.0%
========== ===== =============== =====
Composition by Period of Delinquency
Trust Portfolio
Percentage Percentage
Payment Status of Total of Total
(Days Contractually Number of Number of Amount of Amount of
Delinquent) Accounts Accounts Receivables Receivables
----------- -------- -------- ----------- -----------
Not Delinquent........................ 27,077,791 97.4% $36,899,941,442 92.3%
Up to 34 Days......................... 396,078 1.4 1,488,136,175 3.7
35 to 64 Days......................... 109,614 0.4 484,175,270 1.2
65 to 94 Days......................... 72,207 0.3 351,625,435 0.9
95 or More Days....................... 145,692 0.5 $ 745,827,042 1.9
---------- ----- --------------- -----
Total................................. 27,801,382 100.0% $39,969,705,364 100.0%
========== ===== =============== =====
</TABLE>
6
<PAGE>
Composition of Accounts by Age
Trust Portfolio
<TABLE>
<CAPTION>
Percentage Percentage
of Total of Total
Number of Number of Amount of Amount of
Account Age Accounts Accounts Receivables Receivables
----------- ------------- ---------------- ------------------- ----------------
<S> <C> <C> <C> <C>
Less than or equal to 6 Months........ 1,519,787 5.5% $ 2,497,232,960 6.2%
Over 6 Months to 12 Months............ 3,266,283 11.7 4,746,195,300 11.9
Over 12 Months to 24 Months........... 6,684,797 24.0 8,663,301,482 21.7
Over 24 to 36 Months.................. 5,692,293 20.5 7,420,418,052 18.6
Over 36 to 48 Months.................. 2,998,039 10.8 4,155,850,129 10.4
Over 48 to 60 Months.................. 2,436,608 8.8 4,324,689,403 10.8
Over 60 Months........................ 5,203,575 18.7 8,162,018,038 20.4
---------- ----- --------------- -----
Total................................. 27,801,382 100.0% $39,969,705,364 100.0%
========== ===== =============== =====
</TABLE>
Composition by Geographic Distribution
Trust Portfolio
<TABLE>
<CAPTION>
Percentage Percentage
of Total of Total
Number of Number of Amount of Amount of
State Accounts Accounts Receivables Receivables
----- ------------- ---------------- -------------------- ----------------
<S> <C> <C> <C> <C>
Alabama............................... 358,587 1.3% $ 519,282,825 1.3%
Alaska................................ 53,159 0.2 97,476,163 0.2
Arizona............................... 484,567 1.7 722,707,055 1.8
Arkansas.............................. 217,299 0.8 306,927,645 0.8
California............................ 3,209,575 11.5 4,966,477,319 12.4
Colorado.............................. 524,919 1.9 718,793,889 1.8
Connecticut........................... 405,745 1.5 607,958,360 1.5
Delaware.............................. 96,280 0.3 125,381,222 0.3
District of Columbia.................. 44,032 0.2 71,926,306 0.2
Florida............................... 1,746,996 6.2 2,474,180,516 6.2
Georgia............................... 659,932 2.3 1,034,001,172 2.6
Hawaii................................ 106,686 0.4 178,127,929 0.4
Idaho................................. 118,003 0.4 172,473,806 0.4
Illinois.............................. 1,242,210 4.5 1,728,524,835 4.3
Indiana............................... 635,250 2.2 843,971,705 2.1
Iowa.................................. 125,460 0.5 166,152,927 0.4
Kansas................................ 251,510 0.9 352,803,437 0.9
Kentucky.............................. 473,008 1.7 569,404,442 1.4
Louisiana............................. 462,756 1.7 635,590,634 1.6
Maine................................. 109,133 0.4 151,461,150 0.4
Maryland.............................. 533,924 1.9 849,521,291 2.1
Massachusetts......................... 747,859 2.7 1,002,570,922 2.5
Michigan.............................. 878,043 3.2 1,321,187,139 3.3
Minnesota............................. 435,190 1.6 517,081,875 1.3
Mississippi........................... 205,140 0.7 280,222,865 0.7
Missouri.............................. 505,747 1.8 680,462,992 1.7
Montana............................... 96,082 0.3 131,660,187 0.3
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
Percentage Percentage
of Total of Total
Number of Number of Amount of Amount of
State Accounts Accounts Receivables Receivables
----- ------------- ---------------- ------------------- ---------------
<S> <C> <C> <C> <C>
Nebraska.............................. 168,268 0.6 197,103,078 0.5
Nevada................................ 217,355 0.8 378,564,205 0.9
New Hampshire......................... 129,596 0.5 183,785,764 0.5
New Jersey............................ 963,680 3.5 1,395,216,061 3.5
New Mexico............................ 160,383 0.6 243,165,952 0.6
New York.............................. 1,819,692 6.5 2,631,529,162 6.6
North Carolina........................ 633,970 2.2 882,216,232 2.2
North Dakota.......................... 58,289 0.2 70,532,331 0.2
Ohio.................................. 1,573,466 5.7 2,142,118,002 5.4
Oklahoma.............................. 388,035 1.4 532,648,460 1.3
Oregon................................ 381,610 1.4 560,004,343 1.4
Other................................. 75,940 0.3 121,933,030 0.3
Pennsylvania.......................... 1,229,222 4.4 1,592,211,815 4.0
Rhode Island.......................... 110,434 0.4 155,757,214 0.4
South Carolina........................ 306,449 1.1 419,977,108 1.1
South Dakota.......................... 61,327 0.2 79,513,001 0.2
Tennessee............................. 461,772 1.7 604,904,213 1.5
Texas................................. 2,186,605 7.9 3,435,842,038 8.6
Utah.................................. 204,079 0.7 268,061,118 0.7
Vermont............................... 58,450 0.2 84,137,505 0.2
Virginia.............................. 669,132 2.4 1,035,041,857 2.6
Washington............................ 625,553 2.2 982,465,954 2.6
West Virginia......................... 188,416 0.7 257,514,298 0.6
Wisconsin............................. 347,846 1.3 413,201,232 1.0
Wyoming............................... 54,720 0.2 75,930,783 0.2
---------- ----- --------------- -----
Total................................. 27,801,381 100.0% $39,969,705,364 100.0
========== ===== =============== =====
</TABLE>
Since the largest number of cardholders (based on billing addresses) whose
Accounts were included in the Trust Portfolio as of December 31, 1999, were in
California, Texas, New York, Florida and Ohio, adverse changes in the economic
conditions in these areas could have a direct impact on the timing and amount of
payments on the Certificates.
The aggregate amount of Receivables written off during the twelve-month
reporting period was $1,735,496,640 and represented approximately 5.02% of the
average Receivables balance outstanding during such period. The investor
percentage of Principal Receivables written off (the "Investor Default Amount")
during the reporting period was $1,469,717,739. The Investor Default Amount as
a percentage of the average invested amount outstanding during the reporting
period was approximately 5.01%.
ITEM 3. LEGAL PROCEEDINGS
There are no material pending legal proceedings with respect to the Trust,
involving the Trust, the Trustee or the Registrant. The Bank is a defendant in
various lawsuits, including certain class actions, generally arising out of its
normal course of business.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
8
<PAGE>
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS
As of December 31, 1999, the number of holders of record identified by the
Depository Trust Company for the respective Series is as follows:
Investor Certificate Description Record Holders
- -------------------------------- --------------
Series 1994-4 Class A 21
Series 1994-4 Class B 3
Series 1994-6 Class A 21
Series 1994-6 Class B 7
Series 1994-8 Class A 15
Series 1994-8 Class B 3
Series 1995-2 Class A 19
Series 1995-5 Class A 27
Series 1995-5 Class B 2
Series 1995-6 Class A 14
Series 1995-6 Class B 5
Series 1996-1 Class A 22
Series 1996-1 Class B 12
Series 1996-2 Class A 13
Series 1996-2 Class B 4
Series 1996-4 Class A 12
Series 1996-4 Class B 3
Series 1996-6 Class A 17
Series 1996-6 Class B 8
Series 1996-8 Class A 7
Series 1996-8 Class B 3
Series 1997-1 Class A 14
Series 1997-1 Class B 5
Series 1997-2 Class A 11
Series 1997-2 Class B 6
Series 1997-3 Class A 10
Series 1997-3 Class B 2
Series 1997-4 Class A 6
Series 1997-4 Class B 3
9
<PAGE>
Investor Certificate Description Record Holders
- -------------------------------- --------------
Series 1997-5 Class A 10
Series 1997-5 Class B 2
Series 1997-6 Class A 66
Series 1997-6 Class B 41
Series 1997-7 Class A 7
Series 1997-7 Class B 3
Series 1997-8 Class A 11
Series 1997-8 Class B 2
Series 1997-9 Class A 7
Series 1997-9 Class B 1
Series 1997-10 Class A 26
Series 1997-10 Class B 2
Series 1998-1 Class A 13
Series 1998-1 Class B 4
Series 1998-3 Class A 12
Series 1998-3 Class B 4
Series 1998-4 Class A 15
Series 1998-4 Class B 4
Series 1998-5 Class A 12
Series 1998-5 Class B 3
Series 1998-6 Class A 3
Series 1998-6 Class B 2
Series 1998-7 Class A 25
Series 1998-7 Class B 3
Series 1998-8 Class A 1
Series 1998-8 Class B 2
Series 1998-9 Class A 38
Series 1998-9 Class B 18
Series 1999-1 Class A 17
Series 1999-1 Class B 5
Series 1999-2 Class A 9
Series 1999-2 Class B 2
Series 1999-3 Class A 10
Series 1999-3 Class B 5
10
<PAGE>
Investor Certificate Description Record Holders
- -------------------------------- --------------
Series 1999-4 Class A 9
Series 1999-4 Class B 3
There is no established public market in which the Certificates are traded.
ITEM 6. SELECTED FINANCIAL DATA
Not applicable
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Throughout 1999, BANK ONE executed project plans to assure Year 2000 readiness.
These plans included verifying the readiness of internal information technology
systems and equipment, and working with external entities, including customers,
vendors, utilities and governmental agencies, to verify that they had
appropriately addressed Year 2000 readiness issues. Specific business
continuity and event plans were designed to address potential disruption and
ensure that BANK ONE was positioned to rapidly respond to issues.
BANK ONE had estimated total Year 2000 readiness costs to reach $350 million
over the life of the project, and incurred total costs of approximately $343
million.
BANK ONE had an uneventful transition to the Year 2000. BANK ONE's systems,
equipment and facilities continued and continue to function normally through the
transition and into Year 2000. Normal products and services of BANK ONE have
been available to customers throughout such time, and BANK ONE experienced no
significant impact from Year 2000 readiness status of external entities. To
meet potential Year 2000 contingencies and potential liquidity needs, BANK ONE
increased the value of loans pledged to the Federal Reserve for discount window
borrowing.
On an ongoing basis, BANK ONE will continue to monitor its systems, equipment
and facilities throughout 2000 and beyond.
ITEM 7A. QUANTATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Not applicable
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Not applicable
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None
PART III
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Not applicable
11
<PAGE>
ITEM 11. EXECUTIVE COMPENSATION
Not applicable
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
(a) The following sets forth certain information believed by the Registrant to
be accurate based on information provided to it concerning the beneficial
ownership of investor certificates. Number of certificates identifies the
number of $1,000 minimum denomination certificates beneficially owned by each
such investor.
Beneficial owners of more than 5% of the Series 1994-4 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 93,400 12.86%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Bankers Trust Company 80,965 11.15%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 110,525 15.21%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 164,440 22.64%
4 New York Plaza, 13th Floor
New York, NY 10004
Norwest Bank Minnesota, 60,000 8.26%
National Association
733 Marquette Avenue
Minneapolis, MN 55479-0056
Northern Trust Company (The) 38,150 5.25%
801 S. Canal C-IN
Chicago, IL 60607
State Street Bank and Trust Company 77,800 10.71%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
12
<PAGE>
<TABLE>
CLASS B
- -------
<S> <C> <C>
Boston Safe Deposit and Trust Company 25,000 44.21%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 9,950 17.59%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 21,600 38.20%
P.O. Box 30576
Tampa, FL 33630-3576
</TABLE>
- ----------------------------------------------
Beneficial owners of more than 5% of the Series 1994-6 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 92,000 12.27%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 49,300 6.57%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 128,325 17.11%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Brown Brothers Harriman & Co. 40,025 5.34%
63 Wall Street, 8th Floor
New York, NY 10005
Chase Manhattan Bank 186,400 24.85%
4 New York Plaza, 13th Floor
New York, NY 10004
</TABLE>
13
<PAGE>
<TABLE>
<S> <C> <C>
Deutsche Bank A.G., New York Branch 50,000 6.67%
31 West 52nd Street
New York, NY 10019
Norwest Bank, Minnesota, National Association 45,000 6.00%
733 Marquette Avenue
Minneapolis, MN 55479-0056
State Street Bank and Trust Company 78,625 10.48%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Boston Safe Deposit and Trust Company 16,480 28.23%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 8,300 14.22%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 26,600 45.56%
P.O. Box 30576
Tampa, FL 33630-3576
Investors Bank & Trust/M.F. Custody 3,000 5.14%
15th Floor Hancock Tower
200 Clarendon Street
Boston, MA 02116
</TABLE>
- ----------------------------------------------
Beneficial owners of more than 5% of the Series 1994-8 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Chase Manhattan Bank 162,550 32.51%
4 New York Plaza, 13th Floor
New York, NY 10004
</TABLE>
14
<PAGE>
<TABLE>
<S> <C> <C>
Citibank, N.A. 75,000 15.00%
P.O. Box 30576
Tampa, FL 33630-3576
Fuji Bank and Trust Company (The) 35,000 7.00%
2 World Trade Center, 81st Floor
New York, NY 10048
Northern Trust Company (The) 25,000 5.00%
801 S. Canal C-IN
Chicago, IL 60607
State Street Bank and Trust Company 139,025 27.81%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Boston Safe Deposit and Trust Company 8,657 22.11%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 5,000 12.77%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 25,500 65.12%
P.O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1995-2 Class A investor
certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 63,400 9.61%
925 Patterson Plank Road
Secaucus, NJ 07094
Bank of New York (The)/Credit Agricole 35,300 5.35%
1 Wall Street
New York, NY 10286
</TABLE>
15
<PAGE>
<TABLE>
<S> <C> <C>
Bankers Trust Company 136,755 20.72%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 164,284 24.89%
4 New York Plaza, 13th Floor
New York, NY 10004
Chase Manhattan Bank, Trust 43,431 6.58%
4 New York Plaza
13th Floor
New York, NY 10004
Fuji Bank and Trust Company (The) 40,000 6.06%
2 World Trade Center, 81st Floor
New York, NY 10048
Norwest Bank Minnesota 41,450 6.28%
National Association
733 Marquette Avenue
Minneapolis, MN 55479-0056
State Street Bank and Trust Company 35,445 5.37%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1995-5 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 62,881 12.58%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 76,170 15.23%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 94,229 18.85%
4 New York Plaza, 13th Floor
New York, NY 10004
</TABLE>
16
<PAGE>
<TABLE>
<S> <C> <C>
Citibank N.A. 40,205 8.04%
P.O. Box 30576
Tampa, FL 33630-3576
Northern Trust Company (The) 27,700 5.54%
801 S. Canal C-IN
Chicago, IL 60607
Prudential Securities Custody 49,000 9.80%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717
State Street Bank and Trust Company 107,876 21.58%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank One Trust Company, N. A. 35,000 77.47%
1900 Polaris Parkway
Columbus, OH 43240
Citibank, N. A. 10,180 22.53%
P. O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1995-6 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- --------
<S> <C> <C>
Bank of New York (The) 188,500 15.14%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 155,000 12.45%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
</TABLE>
17
<PAGE>
<TABLE>
<S> <C> <C>
Boston Safe Deposit and Trust Company 92,100 7.40%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank, Trust 229,500 18.43%
4 New York Plaza, 13th Floor
New York, NY 10004
Merrill Lynch, Pierce Fenner & 151,000 12.13%
Smith Safekeeping
Corporate Park 287
4 Corporate Place
Piscataway NJ 08855
State Street Bank and Trust Company 336,000 26.99%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank One Trust Company, N.A. 25,000 22.22%
1900 Polaris Parkway
Columbus, OH 43240
Boston Safe Deposit and Trust Company 20,000 17.78%
c/o Mellon Bank N. A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Citibank, N. A. 31,500 28.00%
P. O. Box 30576
Tampa, FL 33630-3576
Swiss American Securities Inc. 33,000 29.33%
100 Wall Street
New York, NY 10005
- --------------------------
</TABLE>
18
<PAGE>
Beneficial owners of more than 5% of the Series 1996-1 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 119,905 15.99%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 151,350 20.18%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 117,175 15.62%
4 New York Plaza, 13th Floor
New York, NY 10004
Northern Trust Company (The) 54,750 7.30%
801 S. Canal C-IN
Chicago, IL 60607
State Street Bank and Trust Company 262,000 34.93%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank of New York (The) 5,520 8.15%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Boston Safe Deposit and Trust Company 5,000 7.38%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 20,000 29.51%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 15,000 22.13%
P.O. Box 30576
Tampa, FL 33630-3576
</TABLE>
19
<PAGE>
<TABLE>
<S> <C> <C>
Harris Trust & Savings Bank 5,000 7.38%
Proxy Operations
111 West Monroe Street LLE
Chicago, IL 60603
SSB - Bank Portfolio 10,000 14.76%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1996-2 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 45,180 7.53%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Chase Manhattan Bank 192,305 32.05%
4 New York Plaza, 13th Floor
New York, NY 10004
State Street Bank and Trust Company 282,189 47.03%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank of New York (The) 7,000 12.89%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Bankers Trust Company 13,000 23.94%
c/o BT Services Tennessee Inc.
Nashville, TN 37211
Boston Safe Deposit and Trust Company 29,300 53.96%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
</TABLE>
20
<PAGE>
<TABLE>
<S> <C> <C>
Citibank, N.A. 5,000 9.21%
P.O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1996-4 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 104,590 20.92%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 70,410 14.08%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 30,000 6.00%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 59,700 11.94%
4 New York Plaza, 13th Floor
New York, NY 10004
Chase Manhattan Bank Correspondence 25,000 5.00%
Clearing Services
4 New York Plaza
New York, NY 10004
Citibank, N.A. 68,000 13.60%
P.O. Box 30576
Tampa, FL 33630-3576
Deutsche Bank Securities, Inc. 46,700 9.34%
175 Water Street
New York, NY 10038
State Street Bank and Trust Company 29,000 5.80%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
21
<PAGE>
<TABLE>
<CAPTION>
CLASS B
- -------
<S> <C> <C>
Bankers Trust Company 26,930 59.61%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 16,050 35.52%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1996-6 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Boston Safe Deposit and Trust Company 112,000 12.98%
c/o Mellon Bank N. A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Bank of Texas, N.A. 143,479 16.63%
P.O. Box 2558
Houston, TX 77252-2558
Chase Manhattan Bank 88,070 10.21%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N. A. 123,500 14.32%
P. O. Box 30576
Tampa, FL 33630-3576
HSBC Bank USA/Treasury Investment 74,351 8.62%
140 Broadway - Level A
New York, NY 10015
State Street Bank and Trust Company 107,824 12.50%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
22
<PAGE>
<TABLE>
<S> <C> <C>
Swiss American Securities Inc. 66,000 7.65%
100 Wall Street
New York, NY 10005
CLASS B
- -------
Bank of New York (The) 5,000 6.41%
925 Patterson Plank Road
Secaucus, NJ 07094
Bank One Trust Company, N.A. 5,000 6.41%
1900 Polaris Parkway
Columbus, OH 43240
Boston Safe Deposit and Trust Company 5,650 7.24%
c/o Mellon Bank N. A
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 35,980 46.13%
4 New York Plaza, 13th Floor
New York, NY 10004
Swiss American Securities Inc. 23,378 29.97%
100 Wall Street
New York, NY 10005
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1996-8 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Chase Manhattan Bank 231,800 57.95%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 82,500 20.63%
P.O. Box 30576
Tampa, FL 33630-3576
State Street Bank and Trust Company 54,200 13.55%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
23
<PAGE>
<TABLE>
CLASS B
- -------
<S> <C> <C>
Boston Safe Deposit and Trust Company 4,800 13.26%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 6,000 16.57%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 25,400 70.17%
P.O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1997-1 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Boston Safe Deposit and Trust Company 144,032 19.20%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 166,000 22.13%
4 New York Plaza, 13th Floor
New York, NY 10004
Chase Manhattan Bank/FI-TRAC 2 49,147 6.55%
4 New York Plaza
New York, NY 10004
Citibank, N.A. 164,500 21.93%
P.O. Box 30576
Tampa, FL 33630-3576
State Street Bank and Trust Company 135,015 18.00%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
24
<PAGE>
<TABLE>
<CAPTION>
CLASS B
- -------
<S> <C> <C>
Bankers Trust Company 27,170 40.09%
c/o BT Services Tennessee Inc.
648 Grassmere Park Road
Nashville, TN 37211
Chase Manhattan Bank 37,000 54.60%
4 New York Plaza, 13th Floor
New York, NY 10004
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1997-2 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 47,883 9.58%
925 Patterson Plank Road
Secaucus, NJ 07094
Chase Manhattan Bank 286,787 57.36%
4 New York Plaza, 13th Floor
New York, NY 10004
CLASS B
- -------
Bankers Trust Company 28,630 63.37%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Bank One Trust Company, N. A. 10,000 22.13%
1900 Polaris Parkway
Columbus, OH 43240
Citibank, N. A. 3,250 7.19%
P. O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
25
<PAGE>
Beneficial owners of more than 5% of the Series 1997-3 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Brown Brothers Harriman & Co. 60,980 12.20%
63 Wall Street, 8th Floor
New York, NY 10005
Chase Manhattan Bank 82,875 16.58%
4 New York Plaza, 13th Floor
New York, NY 10004
Northern Trust Company (The) 75,000 15.00%
801 S. Canal C-IN
Chicago, IL 60607
State Street Bank and Trust Company 212,080 42.42%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Boston Safe Deposit and Trust Company 5,000 11.07%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 40,180 88.93%
4 New York Plaza, 13th Floor
New York, NY 10004
- ----------------------------------------------
</TABLE>
26
<PAGE>
Beneficial owners of more than 5% of the Series 1997-4 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Boston Safe Deposit and Trust Company 100,000 20.00%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Bank of Texas, N.A. 142,500 28.50%
P.O. Box 2558
Houston, TX 77252-2558
Chase Manhattan Bank 180,500 36.10%
4 New York Plaza, 13th Floor
New York, NY 10004
Deutsche Bank Securities, Inc. 52,000 10.40%
175 Water Street
New York, NY 10038
CLASS B
- -------
Bankers Trust Company 20,000 44.27%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 20,180 44.66%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 5,000 11.07%
P.O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
27
<PAGE>
Beneficial owners of more than 5% of the Series 1997-5 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 117,495 18.08%
925 Patterson Plank Road
Secaucus, NJ 07094
Chase Bank of Texas, N.A. 91,853 14.13%
P.O. Box 2558
Houston, TX 77252-2558
Chase Manhattan Bank 64,500 9.92%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 170,290 26.20%
P.O. Box 30576
Tampa, FL 33630-3576
State Street Bank and Trust Company 115,490 17.77%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank of New York (The) 22,735 38.71%
925 Patterson Plank Rd
Secaucus, NJ 07094
Chase Manhattan Bank 36,000 61.29%
4 New York Plaza, 13th Floor
New York, NY 10004
- ----------------------------------------------
</TABLE>
28
<PAGE>
Beneficial owners of more than 5% of the Series 1997-6 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 175,764 13.52%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 210,419 16.19%
c/o BT Services Tennessee In.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 92,511 7.12%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 281,499 21.65%
4 New York Plaza, 13th Floor
New York, NY 10004
State Street Bank and Trust Company 136,490 10.50%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank of New York (The) 49,763 42.36%
925 Patterson Plank Road
Secaucus, NJ 07094
Boston Safe Deposit and Trust Company 6,953 5.92%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 6,390 5.44%
4 New York Plaza, 13th Floor
New York, NY 10004
</TABLE>
29
<PAGE>
<TABLE>
<S> <C> <C>
State Street Bank and Trust Company 12,186 10.37%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
- ----------------------------------------------
Beneficial owners of more than 5% of the Series 1997-7 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 315,910 63.18%
925 Patterson Plank Road
Secaucus, NJ 07094
Barclays Global Investors, N. A. 127,000 25.40%
45 Fremont Street, 33rd Floor
San Francisco, CA 94105
Chase Manhattan Bank Correspondence 25,194 5.04%
Clearing Services
4 New York Plaza
New York, NY 10004
CLASS B
- -------
Bankers Trust Company 35,930 79.53%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 9,000 19.92%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
- ----------------------------------------------
</TABLE>
30
<PAGE>
Beneficial owners of more than 5% of the Series 1997-8 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Chase Bank of Texas, N.A. 206,200 26.44%
P.O. Box 2558
Houston, TX 77252-2558
Chase Manhattan Bank 71,800 9.21%
4 New York Plaza, 13th Floor
New York, NY 10004
Chase Manhattan Bank, Trust 370,500 47.50%
4 New York Plaza, 13th Floor
New York, NY 10004
CLASS B
- -------
Bankers Trust Company 50,482 71.62%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
State Street Bank and Trust Company 20,000 28.38%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1997-9 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 345,155 69.03%
925 Patterson Plank Road
Secaucus, NJ 07094
</TABLE>
31
<PAGE>
<TABLE>
<S> <C> <C>
Bankers Trust Company 70,000 14.00%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
US Bank National Association 32,500 6.50%
MPFP 1603 Proxy Unit
601 Second Avenue South
Minneapolis, MN 55402
CLASS B
- -------
Bankers Trust Company 45,180 100.00%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
- -------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1997-10 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank Of New York (The) 40,690 5.81%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Bankers Trust Company 147,385 21.06%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 76,020 10.86%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 167,135 23.88%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 57,040 8.15%
P.O. Box 30576
Tampa, FL 33630-3576
</TABLE>
32
<PAGE>
<TABLE>
<S> <C> <C>
State Street Bank and Trust Company 171,820 24.55%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Boston Safe Deposit and Trust Company 10,000 15.81%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Swiss American Securities Inc. 53,253 84.19%
100 Wall Street
New York, NY 10005
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1998-1 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 102,050 14.58%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Bankers Trust Company 130,750 18.68%
c/o BT Services Tennessee, Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 283,175 40.45%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 76,700 10.96%
P.O. Box 30576
Tampa, FL 33630-3576
State Street Bank and Trust Company 86,150 12.31%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
33
<PAGE>
<TABLE>
<CAPTION>
CLASS B
- -------
<S> <C> <C>
Bankers Trust Company 46,253 73.12%
c/o BT Services Tennessee, Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 6,000 9.49%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 6,000 9.49%
P. O. Box 30576
Tampa, FL 33630-3576
SSB - Bank Portfolio 5,000 7.90%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1998-3 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 146,500 18.31%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 81,100 10.14%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 231,500 28.94%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 159,900 19.99%
4 New York Plaza, 13th Floor
New York, NY 10004
</TABLE>
34
<PAGE>
<TABLE>
<S> <C> <C>
Deutsche Bank A. G., New York Branch 50,000 6.25%
31 West 52nd Street
New York, NY 10019
State Street Bank and Trust Company 117,700 14.71%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bankers Trust Company 10,000 13.83%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 15,289 21.15%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Citibank, N.A. 25,000 34.59%
P.O. Box 30576
Tampa, FL 33630-3576
SSB - Bank Portfolio 22,000 30.43%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
- -------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1998-4 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bankers Trust Company 97,275 13.90%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
</TABLE>
35
<PAGE>
<TABLE>
<S> <C> <C>
Bank One Trust Co. N.A./Corporate Trust 61,000 8.71%
1900 Polaris Pkwy, 4th Floor
Columbus, OH 43240
Boston Safe Deposit and Trust Company 77,495 11.07%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 82,000 11.71%
4 New York Plaza, 13th Floor
New York, NY 10004
Chase Manhattan Bank Correspondence 44,000 6.29%
Clearing Services
4 New York Plaza
New York, NY 10004
Citibank, N.A. 76,245 10.89%
P.O. Box 30576
Tampa, FL 33630-3576
Norwest Bank Minnesota, 38,000 5.43%
National Association
733 Marquette Avenue
Minneapolis, MN 55479-0056
State Street Bank and Trust Company 110,000 15.71%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
U.S. Bank National Association 70,200 10.03%
MPFP 1603 Proxy Unit
601 Second Avenue South
Minneapolis, MN 55402
CLASS B
- -------
Bankers Trust Company 25,253 39.92%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 25,000 39.52%
4 New York Plaza, 13th Floor
New York, NY 10004
</TABLE>
36
<PAGE>
<TABLE>
<S> <C> <C>
Citibank, N.A. 11,000 17.39%
P.O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1998-5 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 110,000 16.92%
925 Patterson Plank Road
Secaucus, NJ 07094
Boston Safe Deposit and Trust Company 51,350 7.90%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 65,100 10.02%
4 New York Plaza, 13th Floor
New York, NY 10004
State Street Bank and Trust Company 355,000 54.62%
Global Corp. Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bankers Trust Company 33,735 57.44%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 20,000 34.05%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Citibank, N.A. 5,000 8.51%
P.O. Box 30576
Tampa, FL 33630-3576
</TABLE>
37
<PAGE>
- ------------------------------
Beneficial owners of more than 5% of the Series 1998-6 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Chase Bank of Texas, N.A. 265,000 33.13%
P.O. Box 2558
Houston, TX 77252-8009
First Union National Bank 500,000 62.50%
201 S. College Street
NC-1151
Charlotte, NC 28288
CLASS B
- -------
Bankers Trust Company 72,000 99.60%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1998-7 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 101,000 13.47%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 78,000 10.40%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 109,250 14.57%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
</TABLE>
38
<PAGE>
<TABLE>
<S> <C> <C>
Chase Manhattan Bank 49,500 6.60%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 59,100 7.88%
P.O. Box 30576
Tampa, FL 33630-3576
Harris Trust & Savings Bank 45,750 6.10%
Proxy Operations
111 West Monroe Street LLE
Chicago, IL 60603
State Street Bank and Trust Company 124,500 16.60%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Chase Manhattan Bank 24,000 35.41%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 40,770 60.16%
P.O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1998-8 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
SSB - Trust Custody 500,000 100.00%
225 Franklin Street, M4
Boston, MA 02110
</TABLE>
39
<PAGE>
<TABLE>
<CAPTION>
CLASS B
- -------
<S> <C> <C>
Bankers Trust Company 42,180 93.36%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Harris Trust & Savings Bank 3,000 6.64%
Proxy Operations
111 West Monroe Street LLE
Chicago, IL 60603
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1998-9 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Bank of New York (The) 40,882 6.29%
925 Patterson Plank Road
Secaucus, NJ 07094
Bankers Trust Company 245,585 37.78%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 93,745 14.42%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
State Street Bank and Trust Company 91,534 14.08%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank of New York (The) 20,203 45.08%
925 Patterson Plank Road
Secaucus, NJ 07094
</TABLE>
40
<PAGE>
<TABLE>
<S> <C> <C>
Boston Safe Deposit and Trust Company 2,485 5.54%
c/o Mellon Bank, N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 10,070 22.46%
4 New York Plaza, 13th Floor
New York, NY 10004
Northern Trust Company (The) 2,750 6.13%
801 S. Canal C-IN
Chicago, IL 60607
State Street Bank and Trust Company 6,500 14.50%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1999-1 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
<S> <C> <C>
CLASS A
- -------
Boston Safe Deposit and Trust Company 52,398 5.24%
c/o Mellon Bank N. A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Bankers Trust Company/ 252,740 25.27%
Banc One Capital Markets Inc.
16 Wall Street, 5th Floor
New York, NY 10005
Chase Manhattan Bank 127,500 12.75%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N. A. 94,260 9.43%
P. O. Box 30576
Tampa, FL 33630-3576
State Street Bank and Trust Company 294,300 29.43%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
</TABLE>
41
<PAGE>
<TABLE>
<S> <C> <C>
Swiss American Securities Inc. 70,400 7.04%
100 Wall Street
New York, NY 10005
CLASS B
- -------
Bank of New York (The) 25,361 28.06%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Bankers Trust Company 10,000 11.07%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Chase Manhattan Bank 25,000 27.67%
4 New York Plaza, 13th Floor
New York, NY 10004
Fuji Bank and Trust Company (The) 25,000 27.67%
2 World Trade Center, 81st Floor
New York, NY 10048
Norwest Bank Minnesota 5,000 5.53%
National Association
733 Marquette Avenue
Minneapolis, MN 55479-0056
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1999-2 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Boston Safe Deposit and Trust Company 100,000 20.00%
c/o Mellon Bank N. A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 54,000 10.80%
4 New York Plaza, 13th Floor
New York, NY 10004
Citibank, N.A. 79,850 15.97%
P. O. Box 30576
Tampa, FL 33630-3576
</TABLE>
42
<PAGE>
<TABLE>
<S> <C> <C>
State Street Bank and Trust Company 161,000 32.20%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
Swiss American Securities Inc. 47,150 9.43%
100 Wall Street
New York, NY 10005
U.S. Bank National Association 35,000 7.00%
MPFP 1603 Proxy Unit
601 Second Avenue South
Minneapolis, MN 55402
CLASS B
- -------
Bankers Trust Company 25,000 55.33%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Fuji Bank and Trust Company (The) 20,180 44.67%
2 World Trade Center, 81st Floor
New York, NY 10048
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1999-3 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
<S> <C> <C>
CLASS A
- -------
Bank of New York (The) 46,476 6.64%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Bankers Trust Company 138,500 19.79%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 67,808 9.69%
c/o Mellon Bank N.A.
Three Mellon Bank Center,
Room 153-3015
Pittsburgh, PA 15259
Citibank, N.A. 45,000 6.43%
P. O. Box 30576
Tampa, FL 33630-3576
</TABLE>
43
<PAGE>
<TABLE>
<S> <C> <C>
State Street Bank and Trust Company 332,000 47.43%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Bank of New York (The) 18,667 34.46%
925 Patterson Plank Rd.
Secaucus, NJ 07094
Bankers Trust Company 7,000 12.92%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN 37211
Boston Safe Deposit and Trust Company 5,500 10.16%
c/o Mellon Bank N.A.
Three Mellon Bank Center,
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 3,000 5.54%
4 New York Plaza, 13th Floor
New York, NY 10004
Fuji Bank and Trust Company (The) 20,000 36.92%
2 World Trade Center, 81st Floor
New York, NY 10048
- ----------------------------------------------
</TABLE>
Beneficial owners of more than 5% of the Series 1999-4 Class A and Class B
investor certificates as of December 31, 1999, are as follows:
<TABLE>
<CAPTION>
NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------
CLASS A
- -------
<S> <C> <C>
Boston Safe Deposit and Trust Company 75,300 15.06%
c/o Mellon Bank N.A.
Three Mellon Bank Center,
Room 153-3015
Pittsburgh, PA 15259
Chase Manhattan Bank 143,000 28.60%
4 New York Plaza, 13th Floor
New York, NY 10004
</TABLE>
44
<PAGE>
<TABLE>
<S> <C> <C>
Deutsche Bank, A.G., New York Branch 29,700 5.94%
31 West 52nd Street
New York, NY 10019
Northern Trust Company (The) 60,500 12.10%
801 S. Canal C-IN
Chicago, IL 60607
State Street Bank and Trust Company 167,000 33.40%
Global Corporate Action Unit JAB 5NW
1776 Heritage Dr.
No. Quincy, MA 02171
CLASS B
- -------
Boston Safe Deposit and Trust Company 10,000 25.85%
c/o Mellon Bank N.A.
Three Mellon Bank Center,
Room 153-3015
Pittsburgh, PA 15259
Bank of Tokyo-Mitsubishi Trust Company 8,691 22.46%
Trust Operations Dept Plaza 3
5th Floor Harborside Fin'L Ctr
Jersey City, NJ 07311-1904
Citibank, N. A. 20,000 51.69%
P. O. Box 30576
Tampa, FL 33630-3576
- ----------------------------------------------
</TABLE>
(b) Not applicable
(c) Not applicable
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
None
45
<PAGE>
PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
ON FORM 8-K
(a) The following documents are filed as part of this Report:
3. Exhibits:
99.00 Independent Accountants' Reports of Arthur Andersen LLP on
Management's Assertions.
(b) Not applicable
(c) See item 14(a)3 above
(d) Not applicable
46
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on March 24, 2000.
FIRST USA BANK, NATIONAL ASSOCIATION
As Servicer
By: /s/Anthony F. Vuoto
--------------------------
Anthony F. Vuoto
President
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities indicated on March 24, 2000.
Signature Title
--------- -----
/s/William P. Boardman Director and Principal Executive Officer
- -----------------------------
William P. Boardman
/s/ George P. Hubley
- ----------------------------- Director, Principal Financial Officer and
George P. Hubley Principal Accounting Officer
/s/ Anthony F. Vuoto Director
- -----------------------------
Anthony F. Vuoto
/s/Michael Looney Director
- -----------------------------
Michael Looney
/s/Marvin W. Adams Director
- ------------------------------
Marvin W. Adams
/s/Roger S. Deacon Director
- ------------------------------
Roger S. Deacon
/s/William Garner Director
- -------------------------------
William Garner
47
<PAGE>
EXHIBIT 99.00
[LETTERHEAD OF ARTHUR ANDERSEN]
REPORT OF INDEPENDENT ACCOUNTANTS
We have examined the accompanying management's assertion that, as of December
31, 1999, First USA Bank, N.A. (the "Servicer") maintained effective internal
control over the servicing of receivables arising in consumer credit card
accounts for the First USA Credit Card Master Trust.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
obtaining an understanding of the internal control over the loan servicing
process, testing and evaluating the design and operating effectiveness of the
internal control, and such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable basis for
our opinion.
Because of inherent limitations in any internal control, errors or
irregularities may occur and not be detected. Also, projections of any
evaluation of the internal control over the loan servicing process to future
periods are subject to the risk that the internal control may become inadequate
because of changes in conditions, or that the degree of compliance with the
policies and procedures may deteriorate.
As discussed in management's assertion, during 1999, the Servicer experienced
delays in the timely posting of payments to customer accounts due to backlogs
that occurred at a third party processor. The Servicer's relationship with this
processor has since been terminated and as of December 31, 1999, payments are
being processed internally and in accordance with Bank policy and usual and
customary servicing procedures.
In our opinion, management's assertion that the Servicer maintained effective
internal control over the servicing of receivables arising in consumer credit
card accounts for First USA Credit Card Master Trust as of December 31, 1999, is
fairly stated, in all material respects, based upon criteria established by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO) as
described in Internal Control - Integrated Framework. Such criteria and our
testing of management's assertion included the following:
Control Environment
- -------------------
Testing of controls in place to ensure the Pooling and Servicing Agreement and
related amendments have been approved by the appropriate parties.
Testing of controls in place to ensure segregation of Master Trust loans such to
indicate appropriate ownership.
<PAGE>
Risk Assessment
- ---------------
Testing of controls in place to ensure risk with respect to compliance with the
Pooling and Servicing Agreement is appropriately addressed in a timely manner
when either specifics with respect to a transaction or other issues or concerns
are identified.
Control Activities
- ------------------
Testing of controls in place to ensure approval of new additions to the Master
Trust by appropriate parties.
Testing of controls in place to ensure changes with respect to the status of an
account are made by authorized personnel only.
Testing of controls in place to ensure timely distribution of payments to
investors.
Information and Communication
- -----------------------------
Testing of controls in place to ensure accurate and complete reporting of
account information in the Monthly Servicer's Certificate.
Monitoring
- ----------
Testing of controls in place to ensure daily account activity is appropriately
reflected in the Master Trust.
Testing of controls in place to ensure appropriate review and approval of the
Monthly Servicer's Certificate.
/s/ Arthur Andersen LLP
Chicago, Illinois
March 08, 2000
<PAGE>
ASSERTION BY FIRST USA BANK, N.A.
The management of First USA Bank, N.A. (the "Servicer") is responsible for
maintaining effective internal control over the loan servicing for consumer
credit card receivables in the First USA Credit Card Master Trust.
Management has performed an evaluation of the control environment and based on
this evaluation, management believes that the Servicer maintained effective
internal control over the loan servicing for consumer credit card receivables in
the First USA Credit Card Master Trust as of December 31, 1999, based upon
criteria established by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO) as described in Internal Control - Integrated
Framework. During 1999, the Servicer experienced delays in the timely posting
of payments to customer accounts due to backlogs that occurred at a third party
processor. The relationship with this processor has since been terminated and
as of December 31, 1999, payments are being processed internally and in
accordance with Bank policy and usual and customary servicing procedures.
Management is working diligently to reimburse in full cardholders affected by
the above delays for any and all fees and finance charges incurred as a result
of the delays.
/s/ MICHAEL LOONEY
- -------------------------------------
Michael Looney
Executive Vice President - Operations
/s/ JEFFREY RIGG
- -------------------------------------
Jeffrey Rigg
Senior Vice President - Accounting
/s/ TRACIE KLEIN
- -------------------------------------
Tracie H. Klein
First Vice President
<PAGE>
[LETTERHEAD OF ARTHUR ANDERSEN]
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
We have examined the accompanying management's assertion about First USA Bank,
N.A.`s (the "Servicer") compliance with the covenants and conditions of Sections
2.06, 2.07, 2.08, 3.01(b), 3.04(a) and (b), 3.05, 3.06(a) and (b), 4.02(a), (b),
and (c), and 4.03 of the Pooling and Servicing Agreement dated as of September
1, 1992, as amended (the "Agreement"), for the respective Pooling and Servicing
Agreement Supplements, noted in Attachment 1 (the "Supplements"), related to
each Credit Card Master Trust Series listed, as amended from time to time
(together, the "Agreements") between the Servicer and The Bank of New York
(Delaware) (as Trustee for the various Certificateholders and Enhancement
Providers of the First USA Credit Card Master Trust) during the twelve months
ended December 31, 1999. Management is responsible for the Servicer's
compliance with those requirements. Our responsibility is to express an opinion
on management's assertion about the Company's compliance based on our
examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Servicer's compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. We believe that our examination provides a reasonable basis
for our opinion.
As discussed in management's assertion, management, in providing its assertion
on compliance, assumed the accuracy of the reports prepared by the Servicer's
third party credit card processor and did not extend its assessment to the
relevant aspects of the Servicer's compliance that are the responsibility of the
third party credit card processor. Accordingly and in accordance with Section
3.06(a) of the Agreement, our examination did not extend to these aspects of the
Servicer's compliance that are the responsibility of the third party credit card
processor, and we do not express an opinion or any other form of assurance on
these compliance aspects.
As discussed in management's assertion, during the twelve months ended December
31, 1999, the Servicer experienced delays in the timely posting of payments to
customer accounts due to backlogs that occurred at a third party processor. The
Servicer's relationship with this processor has since been terminated and as of
December 31, 1999, payments are being processed internally and in accordance
with Bank policy and usual and customary servicing procedures.
<PAGE>
In our opinion, management's assertion that except for the matter discussed in
the preceding paragraph, the Servicer complied with the covenants and conditions
of the sections of the Agreements referred to in the first paragraph during the
twelve months ended December 31, 1999, is fairly stated, in all material
respects.
/s/ Arthur Andersen LLP
Chicago, Illinois
March 08, 2000
<PAGE>
ASSERTION BY FIRST USA BANK, N.A.
The management of First USA Bank, N.A. (the "Servicer") is responsible for
complying with the covenants and conditions of Sections 2.06, 2.07, 2.08,
3.01(b), 3.04(a) and (b), 3.05, 3.06(a) and (b), 4.02(a), (b), and (c), and 4.03
of the Pooling and Servicing Agreement, dated as of September 1, 1992, as
amended (the "Agreement") for the respective Pooling and Servicing Agreement
Supplements, noted in Attachment 1 (the "Supplements"), related to each Credit
Card Master Trust Series listed, as amended from time to time (together, the
"Agreements") between the Servicer and The Bank of New York (Delaware) (as
Trustee for the various Certificateholders and Enhancement Providers of the
First USA Credit Card Master Trust).
During the twelve months ended December 31, 1999, the Servicer experienced
delays in the timely posting of payments to customer accounts due to backlogs
that occurred at a third party processor. The relationship with this processor
has since been terminated and as of December 31, 1999, payments are being
processed internally and in accordance with Bank policy and usual and customary
servicing procedures. Management is working diligently to reimburse in full
cardholders affected by the above delays for any and all fees and finance
charges incurred as a result of the delays.
Management has performed an evaluation of the Servicer's compliance with the
Agreements and based on this evaluation management believes that except for the
matter discussed in the preceding paragraph, the Servicer has complied with the
covenants and conditions of sections of the Agreements referred to above during
the twelve months ended December 31, 1999.
In providing this assertion on compliance, we have assumed the accuracy of the
reports prepared by the Servicer's third party credit card processor and did not
extend our assessment to the relevant aspects of the Servicer's compliance that
are the responsibility of the third party credit card processor. Accordingly,
and in accordance with Section 3.06(a) of the Agreement, our assessment does not
extend to these aspects of the Servicer's compliance that are the responsibility
of the third party credit card processor, and we do not express any form of
assurance on these compliance aspects.
/s/ Michael Looney /s/ Tracie H. Klein
__________________________________ _________________________________
Michael Looney Tracie H. Klein
Executive Vice President - Operations First Vice President
/s/ Jeffrey Rigg
_________________________________
Jeffrey Rigg
Senior Vice President - Accounting
<PAGE>
<TABLE>
<CAPTION>
Pooling &
Servicing
Agreement
Supplement
Credit Card Master Trust Series Date Compliance Period
- ----------------------------------------- ------------- ----------------------
<S> <C> <C> <C>
First USA Credit Card Master Trust Series 1993-3 10/01/93 01/01/99-04/15/99
First USA Credit Card Master Trust Series 1994-4 06/01/94 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1994-6 07/30/94 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1994-7 11/08/94 01/01/99-11/15/99
First USA Credit Card Master Trust Series 1994-8 11/08/94 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1995-1 03/01/95 01/01/99-03/15/99
First USA Credit Card Master Trust Series 1995-2 03/01/95 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1995-5 09/14/95 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1995-6 12/07/95 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1996-1 03/06/96 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1996-2 06/04/96 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1996-3 06/06/96 01/01/99-06/10/99
First USA Credit Card Master Trust Series 1996-4 08/06/96 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1996-6 11/13/96 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1996-7 12/11/96 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1996-8 12/11/96 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-1 02/04/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-2 05/08/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-3 06/10/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-4 06/10/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-5 08/07/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-6 09/09/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-7 09/09/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-8 09/23/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-9 10/09/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1997-10 12/23/97 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-1 05/21/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-2 05/21/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-3 06/25/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-4 07/22/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-5 08/27/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-6 08/27/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-7 09/17/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-8 09/17/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1998-9 12/22/98 01/01/99-12/31/99
First USA Credit Card Master Trust Series 1999-1 02/24/99 02/24/99-12/31/00
First USA Credit Card Master Trust Series 1999-2 02/24/99 02/24/99-12/31/99
First USA Credit Card Master Trust Series 1999-3 05/04/99 05/04/99-12/31/99
First USA Credit Card Master Trust Series 1999-4 05/26/99 05/26/99-12/31/99
First USA Credit Card Master Trust Series 1999-A 06/28/99 06/28/99-12/31/99
First USA Credit Card Master Trust Series 1999-B 06/28/99 06/28/99-12/31/99
</TABLE>
