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EXHIBIT 99.01
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First USA
Excess Spread Analysis
For the month Ending December-00
Card Trust FUSAM 94-4 FUSAM 94-6 FUSAM 94-8 FUSAM 95-2 FUSAM 96-1 FUSAM 96-2
Size $870 MM $898MM $602MM $795MM $904MM $723MM
Securities Float Rate Float Rate Float Rate Float Rate Float Rate Float Rate
Expected Maturity 11/15/01 1/15/02 11/15/01 3/15/02 3/15/01 6/10/03
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<S> <C> <C> <C> <C> <C> <C>
Excess Spread:
Cash Yield 18.05% 18.05% 18.07% 18.05% 18.05% 18.05%
Less: Coupon 7.17% 7.16% 7.04% 7.05% 6.95% 7.00%
Serv Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Net Credit Losses 5.67% 5.67% 5.67% 5.67% 5.67% 5.67%
Excess Spread:
December-00 3.70% 3.71% 3.85% 3.83% 3.93% 3.88%
November-00 3.88% 3.89% 3.93% 4.00% 4.07% 4.05%
October-00 5.27% 5.27% 5.40% 5.39% 5.46% 5.43%
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3 Mth Avg Excess Spread: 4.29% 4.29% 4.39% 4.41% 4.49% 4.45%
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Up to 34 day delinquency 4.04% 4.04% 4.04% 4.04% 4.04% 4.04%
35 to 94 day delinquency 2.36% 2.36% 2.36% 2.36% 2.36% 2.36%
95+ day delinquency 1.89% 1.89% 1.89% 1.89% 1.89% 1.89%
Payment Rate 13.38% 13.38% 13.38% 13.38% 13.38% 13.38%
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(1)
Card Trust FUSAM 97-3 FUSAM 97-4 FUSAM 97-5 FUSAM 97-6 FUSAM 97-7 FUSAM 97-8
Size $602MM $602MM $783MM $1,566MM $602MM $939MM
Securities Float Rate Float Rate Float Rate Float Rate Float Rate Float Rate
Expected Maturity 6/17/02 6/17/07 8/17/04 7/17/02 9/17/04 9/17/07
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Excess Spread:
Cash Yield 18.05% 18.05% 18.05% 17.74% 18.05% 18.05%
Less: Coupon 6.88% 7.00% 6.87% 6.50% 6.89% 6.95%
Serv Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Net Credit Losses 5.67% 5.67% 5.67% 5.67% 5.67% 5.67%
Excess Spread:
December-00 3.99% 3.87% 4.00% 4.06% 3.98% 3.93%
November-00 4.12% 4.01% 4.13% 3.97% 4.12% 4.07%
October-00 5.52% 5.40% 5.53% 5.37% 5.51% 5.45%
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3 Mth Avg Excess Spread: 4.54% 4.43% 4.55% 4.47% 4.54% 4.48%
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Up to 34 day delinquency 4.04% 4.04% 4.04% 4.04% 4.04% 4.04%
35 to 94 day delinquency 2.36% 2.36% 2.36% 2.36% 2.36% 2.36%
95+ day delinquency 1.89% 1.89% 1.89% 1.89% 1.89% 1.89%
Payment Rate 13.38% 13.38% 13.38% 13.38% 13.38% 13.38%
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Card Trust FUSAM 98-5 FUSAM 98-6 FUSAM 98-7 FUSAM 98-8 FUSAM 98-9 FUSAM 99-1
Size $783MM $964MM $904MM $602MM $747MM $1,205MM
Securities Float Rate Float Rate Float Rate Float Rate Float Rate Float Rate
Expected Maturity 8/18/03 8/18/08 8/18/01 9/18/05 1/20/04 2/19/04
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Excess Spread:
Cash Yield 18.05% 18.05% 18.05% 18.05% 18.05% 18.05%
Less: Coupon 6.85% 6.81% 6.86% 6.94% 5.35% 6.82%
Serv Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Net Credit Losses 5.67% 5.67% 5.67% 5.67% 5.67% 5.67%
Excess Spread:
December-00 4.02% 4.07% 4.01% 3.93% 5.52% 4.05%
November-00 4.15% 4.19% 4.15% 4.07% 5.57% 4.18%
October-00 5.55% 5.58% 5.54% 5.46% 6.97% 5.56%
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3 Mth Avg Excess Spread: 4.57% 4.61% 4.57% 4.49% 6.02% 4.60%
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Up to 34 day delinquency 4.04% 4.04% 4.04% 4.04% 4.04% 4.04%
35 to 94 day delinquency 2.36% 2.36% 2.36% 2.36% 2.36% 2.36%
95+ day delinquency 1.89% 1.89% 1.89% 1.89% 1.89% 1.89%
Payment Rate 13.38% 13.38% 13.38% 13.38% 13.38% 13.38%
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Card Trust FUSAM 96-4 FUSAM 96-6 FUSAM 96-8 FUSAM 97-1 FUSAM 97-2
Size $602MM $1,039MM $482MM $904MM $602MM
Securities Float Rate Float Rate Float Rate Float Rate Float Rate
<S> <C> <C> <C> <C> <C>
Expected Maturity 8/10/06 11/10/03 1/10/04 2/17/04 5/17/04
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Excess Spread:
Cash Yield 18.05% 18.05% 18.05% 18.05% 18.05%
Less: Coupon 7.04% 6.96% 6.94% 6.89% 6.91%
Serv Fees 1.50% 1.50% 1.50% 1.50% 1.50%
Net Credit Losses 5.67% 5.67% 5.67% 5.67% 5.67%
Excess Spread:
December-00 3.83% 3.91% 3.94% 3.99% 3.96%
November-00 3.99% 4.07% 4.10% 4.12% 4.09%
October-00 5.38% 5.47% 5.49% 5.52% 5.49%
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3 Mth Avg Excess Spread: 4.40% 4.48% 4.51% 4.54% 4.51%
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Up to 34 day delinquency 4.04% 4.04% 4.04% 4.04% 4.04%
35 to 94 day delinquency 2.36% 2.36% 2.36% 2.36% 2.36%
95+ day delinquency 1.89% 1.89% 1.89% 1.89% 1.89%
Payment Rate 13.38% 13.38% 13.38% 13.38% 13.38%
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Card Trust FUSAM 97-9 FUSAM 97-10 FUSAM 98-1 FUSAM 98-3 FUSAM 98-4
Size $602MM $843MM $843MM $964MM $843MM
Securities Float Rate Float Rate Float Rate Float Rate Float Rate
Expected Maturity 10/17/04 1/17/01 5/18/03 6/18/01 7/18/05
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Excess Spread:
Cash Yield 18.05% 18.05% 18.05% 18.05% 18.05%
Less: Coupon 6.86% 6.87% 6.77% 6.80% 6.87%
Serv Fees 1.50% 1.50% 1.50% 1.50% 1.50%
Net Credit Losses 5.67% 5.67% 5.67% 5.67% 5.67%
Excess Spread:
December-00 4.01% 4.00% 4.11% 4.07% 4.01%
November-00 4.14% 4.13% 4.23% 4.20% 4.14%
October-00 5.54% 5.53% 5.63% 5.59% 5.53%
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3 Mth Avg Excess Spread: 4.56% 4.56% 4.66% 4.62% 4.56%
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Up to 34 day delinquency 4.04% 4.04% 4.04% 4.04% 4.04%
35 to 94 day delinquency 2.36% 2.36% 2.36% 2.36% 2.36%
95+ day delinquency 1.89% 1.89% 1.89% 1.89% 1.89%
Payment Rate 13.38% 13.38% 13.38% 13.38% 13.38%
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Card Trust FUSAM 99-2 FUSAM 99-3 FUSAM 99-4
Size $602MM $833MM $595MM
Securities Float Rate Float Rate Float Rate
Expected Maturity 2/21/06 4/19/04 5/20/02
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Excess Spread:
Cash Yield 18.05% 18.05% 18.05%
Less: Coupon 6.88% 6.82% 6.85%
Serv Fees 1.50% 1.50% 1.50%
Net Credit Losses 5.67% 5.67% 5.67%
Excess Spread:
December-00 3.99% 4.06% 4.02%
November-00 4.12% 4.18% 4.15%
October-00 5.51% 5.57% 5.55%
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3 Mth Avg Excess Spread: 4.54% 4.60% 4.57%
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Up to 34 day delinquency 4.04% 4.04% 4.04%
35 to 94 day delinquency 2.36% 2.36% 2.36%
95+ day delinquency 1.89% 1.89% 1.89%
Payment Rate 13.38% 13.38% 13.38%
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(1) Includes effect of Series 1997-6 Net SWAP Reciepts or Payments.
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