SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 27, 1998
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Providian National Bank (formerly First Deposit National Bank)
on behalf of the Providian Master Trust
(formerly the First Deposit Master Trust)
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(Exact name of registrant as specified in charter)
33-59922
33-84844
33-99462
United States of America 333-22131 02-0118519
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
295 Main Street
Tilton, New Hampshire 03276
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (603) 286-4348
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Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
Exhibit 99.1 Description of Providian Master Trust Asset Backed Certificates,
Series 1998-1.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on behalf of the Providian Master
Trust by the undersigned hereunto duly authorized.
PROVIDIAN MASTER TRUST
By: PROVIDIAN NATIONAL BANK,
Servicer
By: /s/ Miranda Mengis
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Miranda Mengis
Vice President
Date: June 4, 1998
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EXHIBIT INDEX
Exhibit No.
99.1 Description of Providian Master Trust Asset Backed Certificates,
Series 1998-1.
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EXHIBIT 99.1
DESCRIPTION OF PROVIDIAN MASTER TRUST ASSET BACKED CERTIFICATES, SERIES 1998-1
The table below sets forth the principal characteristics of the Asset
Backed Certificates, Series 1998-1 issued pursuant to the Series 1998-1
Supplement dated as of May 1, 1998, to the Pooling and Servicing Agreement dated
as of June 1, 1993, as amended, between Providian National Bank, Seller and
Servicer, and Bankers Trust Company, Trustee.
Maximum Class A Invested Amount.................................$561,000,000 (1)
Maximum Class B Invested Amount..................................$39,000,000 (1)
Maximum Collateral Invested Amount...............................$25,000,000 (1)
Group................................................. ..................One
Class A and Class B Certificate Rate................................Floating
Series Servicing Fee Percentage........................................1.75% (2)
Initial Revolving Period Expiration Date........................May 26, 1999 (3)
Initial Series Termination Date...............................March 15, 2004 (3)
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(1) Invested Amount may vary, but may not exceed the stated Maximum Invested
Amount.
(2) Subject to change if Providian National Bank is replaced as the Servicer.
(3) Subject to delay if the Revolving Period is extended.
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