<PAGE>
===========================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 15, 1998
American Express Master Trust
(Issuer in respect of the 6.60% Class A Accounts Receivable Trust
Certificates, Series 1992-2, the 5.375% Class A Accounts Receivable Trust
Certificates, Series 1993-1, the 7.15% Class A Accounts Receivable Trust
Certificates, Series 1994-1, the 7.60% Class A Accounts Receivable Trust
Certificates, Series 1994-2, the 7.85% Class A Accounts Receivable Trust
Certificates, Series 1994-3, the Class A Floating Rate Accounts Receivable
Trust Certificates, Series 1996-1, the Class A Floating Rate Accounts
Receivable Trust Certificates, Series 1996-2 and the 5.90% Class A Accounts
Receivable Trust Certificates, Series 1998-1)
American Express Receivables Financing Corporation
Co-Originator of the Trust and a Transferor
(Exact name of registrant as specified in its charter)
33-47812
33-49106
33-67502
33-81634
333-51045
Delaware 000-21424 13-3632012
- ---------------------------- ------------ ----------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Numbers) Identification No.)
200 Vesey Street, New York, New York 10285
- --------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 640-3975
--------------
American Express Centurion Bank
Co-Originator of the Trust and a Transferor
(Exact name of registrant as specified in its charter)
Utah 000-21424-01 11-2869526
- ---------------------------- ------------ ----------
State or other jurisdiction (Commission (IRS Employer
of incorporation) File Numbers) Identification No.)
6985 Union Park Center, Midvale, Utah 84047
- -------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (801) 565-5000
--------------
===========================================================================
<PAGE>
Item 5. Other Events
Information concerning the American Express Master Trust is contained
in the Monthly Servicer's Certificate dated July 8, 1998 for the
Distribution Date occurring on July 15, 1998 and the preceding Due Period
from May 28 through June 26, 1998 provided to The Bank of New York, as
Trustee under the Master Pooling and Servicing Agreement, dated as of June
30, 1992, as amended (the "Agreement"), for the American Express Master
Trust. Such Monthly Servicer's Certificate is attached hereto as Exhibit
99.1 and is incorporated herein by reference. Information concerning
interest distributions made on the Class A Certificates, Series 1992-2,
1996-1, 1996-2 and 1998-1 occurring on July 15, 1998, is contained in the
Payment Date Statements provided to the holders of such Class A
Certificates. Information concerning interest distributions made on the
Class B Certificates, Series 1992-2, 1993-1, 1994-1, 1994-2, 1994-3,
1996-1, 1996-2 and 1998-1 occurring on July 15, 1998, is contained in the
Payment Date Statements provided to the holder of such Class B
Certificates. Such Payment Date Statements are attached hereto as Exhibits
20.1 and 20.2, respectively, and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
Exhibit No. Description
- ----------- -----------
Exhibit 20.1 Payment Date Statements relating to interest
distributions on the Class A Certificates, Series
1992-2, 1996-1, 1996-2 and 1998-1, occurring on July
15, 1998.
Exhibit 20.2 Payment Date Statements relating to interest
distributions on the Class B Certificates, Series
1992-2, 1993-1, 1994-1, 1994-2, 1994-3, 1996-1, 1996-2
and 1998-1, occurring on July 15, 1998.
Exhibit 99.1 Monthly Servicer's Certificate dated July 8, 1998
for the Distribution Date occurring on July 15, 1998
and the preceding Due Period from May 28 through June
26, 1998 provided to The Bank of New York, as Trustee
under the Agreement for the American Express Master
Trust.
<PAGE>
SIGNATURE
---------
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized on the date indicated.
Dated: July 15, 1998
AMERICAN EXPRESS MASTER TRUST
AMERICAN EXPRESS RECEIVABLES
FINANCING CORPORATION,
Transferor
By: /s/ Leslie R. Scharfstein
________________________
Name: Leslie R. Scharfstein
Title: Vice President
AMERICAN EXPRESS CENTURION BANK,
Transferor
By: /s/ Rhonda Halpern
________________________
Name: Rhonda Halpern
Title: Chief Financial Officer and
Treasurer
<PAGE>
EXHIBIT INDEX
-------------
Designation Description Page
- ----------- ----------- ----
Exhibit 20.1 Payment Date Statements relating to interest 5
distributions on the Class A Certificates,
Series 1992-2, 1996-1, 1996-2 and 1998-1, occurring
on July 15, 1998.
Exhibit 20.2 Payment Date Statements relating to interest 14
distributions on the Class B Certificates,
Series 1992-2, 1993-1, 1994-1, 1994-2, 1994-3,
1996-1, 1996-2 and 1998-1 occurring on
July 15, 1998.
Exhibit 99.1 Monthly Servicer's Certificate dated July 8, 1998 31
for the Distribution Date occurring on
July 15, 1998 and the preceding Due Period from
May 28 through June 26, 1998 provided to The Bank of
New York, as Trustee under the Agreement for the
American Express Master Trust.
Exhibit 20.1
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
------------------------------------
Class A Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1992-2 Supplement, dated as of August 3, 1992
(as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30,1998.
------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class A Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class A distributions $ 16,500,000.00
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 16,500,000.00
----------------
4. Excess of Class A principal balance over Class A
Invested Amount as of the Record Date $ 0
----------------
5. Class A Invested Amount as of the Record Date/
Class A Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 500,000,000.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
---------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class A Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1996-1 Supplement, dated as of September 9,
1996 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30,1998
------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class A Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class A distributions $ 4,596,614.58
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 4,596,614.58
----------------
4. Excess of Class A principal balance over Class A
Invested Amount as of the Record Date $ 0
----------------
5. Class A Invested Amount as of the Record Date/
Class A Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 950,000,000.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
---------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
------------------------------------
Class A Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1996-2 Supplement, dated as of September 9,
1996 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30,1998.
------------------------
<PAGE>
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class A Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
1. Total Class A distributions $ 1,444,062.50
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 1,444,062.50
----------------
4. Excess of Class A principal balance over Class A
Invested Amount as of the Record Date $ 0
----------------
5. Class A Invested Amount as of the Record Date/
Class A Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 300,000,000.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
---------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
------------------------------------
Class A Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1998-1 Supplement, dated as of May 27, 1998
(as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30,1998.
------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class A Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class A distributions $ 4,916,666.67
----------------
2. Class A principal distributions $ 0
----------------
3. Class A interest distributions $ 4,916,666.67
----------------
4. Excess of Class A principal balance over Class A
Invested Amount as of the Record Date $ 0
----------------
5. Class A Invested Amount as of the Record Date/
Class A Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $1,000,000,000.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
---------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Exhibit 20.2
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1992-2 Supplement, dated as of August 3, 1992
(as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
--------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 164,903.00
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 164,903.00
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 29,100,529.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1993-1 Supplement, dated as of September 9,
1993 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 160,052.91
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 160,052.91
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 34,920,635.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1994-1 Supplement, dated as of September 1,
1994 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
--------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 106,944.44
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 106,944.44
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 17,460,317.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1994-2 Supplement, dated as of September 1,
1994 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
---------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 112,764.55
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 112,764.55
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 17,460,317.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
------------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1994-3 Supplement, dated as of September 1,
1994 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
----------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 115,674.60
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 115,674.60
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 17,460,317.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
-----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1996-1 Supplement, dated as of September 9,
1996 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
----------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 468,581.08
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 468,581.08
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 77,027,027.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
-----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1996-2 Supplement, dated as of September 9,
1996 (as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
----------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 143,918.92
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 143,918.92
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 24,324,324.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
-----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Payment Date Statement
American Express Travel Related Services Company, Inc.
-------------------------------------
American Express Master Trust
-------------------------------------
Class B Accounts Receivable Trust Certificates
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant
to the Master Pooling and Servicing Agreement, dated as of June 30, 1992,
as supplemented by the Series 1998-1 Supplement, dated as of May 27, 1998
(as supplemented, the "Agreement"), between TRS, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and the Bank of
New York, as Trustee, does hereby certify the information set forth below.
1. Capitalized terms used in this Payment Date Statement have their
respective meanings as set forth in the Agreement. This Payment Date
Statement is delivered pursuant to Section 5.02 of the Agreement.
References herein to certain sections and subsections are references
to the respective sections and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is Servicing Officer.
4. The "Record Date" referred to herein is June 30, 1998.
----------------------------
Information Regarding the Current Interest Payment Date, Special
Payment Date or Expected Final Payment Date to Class B Certificate
holders (Also, stated on the Basis of $1,000 Original Certificate
Principal Amount).
<PAGE>
1. Total Class B distributions $ 293,430.33
----------------
2. Class B principal distributions $ 0
----------------
3. Class B interest distributions $ 293,430.33
----------------
4. Excess of Class B principal balance over Class B
Invested Amount as of the Record Date $ 0
----------------
5. Class B Invested Amount as of the Record Date/
Class B Initial Invested Amount (determined after
taking into account any increase or decrease in the
Invested Amount which will occur upon the current
distribution) $ 58,201,058.00
----------------
Attached hereto is the Monthly Servicer's Certificate for the
related Due Period.
IN WITNESS WHEREOF, the undersigned have caused this Payment Date
Statement to be duly executed and delivered by its respective duly
authorized officer on this 8 day of July, 1998.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC.
as Servicer
By: \s\ Jay Stevelman
-----------------------------
Name: Jay Stevelman
Title:
<PAGE>
Exhibit 99.1
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
----------------------------------------------
American Express Master Trust
----------------------------------------------
The undersigned, a duly authorized representative of American
Express Travel Related Services Company, Inc. ("TRS"), as Servicer
pursuant to the Master Pooling and Servicing Agreement dated as of
June 30, 1992 (as Amended, the "Agreement"), as supplemented by the
Series Supplements, amongst TRS, American Express Receivables
Financing Corporation ("RFC"), as Transferor, and The Bank of New
York, as Trustee, does hereby certify the information set forth
below.
1. Capitalized terms used in this Certificate have their respective
meanings as set forth in the Agreement or Series Supplement as
applicable; provided, that the "preceding Due Period" shall mean the
Due Period immediately preceding the calendar month in which this
Certificate is delivered. This certificate is delivered pursuant to
subsection 3.04 (c) of the Agreement. References herein to certain
sections and subsections are references to the respective sections
and subsections in the Agreement.
2. TRS is Servicer under the Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on July
15, and the related Due Period from May 28 through June 26, 1998
A. Information Regarding the American Express Master Trust
1. Trust Principal Component as of the
end of the preceding Due Period..... $5,662,649,941.46
2. Aggregate Invested Amounts as of the
end of the preceding Due Period..... $4,525,954,524.00
3. Transferor Amount as of the
end of the preceding Due Period..... $1,136,695,417.46
4.(a) Transferor Percentage as of the
end of the second preceding Due Period..... 21.082084%
4.(b) Transferor Percentage as of the
end of the preceding Due Period..... 20.073560%
5. Aggregate Excess Principal Collections for
the preceding Due Period..... $3,560,750,040.29
6. Aggregate Principal Shortfalls for
the preceding Due Period..... $0.00
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
B. Information Regarding Performance of the American Express Master Trust
Receivable Pool
1. The aggregate Receivable balance as of
(a) the beginning of the preceding Due Period was
equal to.......... $5,912,386,869.80
(b) the end of the preceding Due Period was
equal to.......... $5,837,783,444.80
2. The Yield Factor in effect from
May 28 through June 26, 1998 was equal to..... 3.0000%
3. The aggregate amount of billed Receivables as of the beginning of
the preceding
Due Period was equal to.......... $5,577,403,551.17
4.(a) The aggregate amount of Collections on Receivables,
exclusive of recoveries for the preceding Due Period
was equal to.......... $4,633,438,303.90
4.(b) The aggregate balance of Receivables deposited
to the Collection Account pursuant to Sections
2.04(d) and 3.03 of the Agreement for the preceding
Due Period was equal to.......... $0.00
5. The aggregate amount of Principal Collections for
the preceding Due Period was equal to.......... $4,494,435,154.78
6. The aggregate amount of Yield Collections
for the preceding Due Period
was equal to.......... $139,003,149.12
7. Gross Losses
[The aggregate amount of Receivables for all Accounts
which became Defaulted Accounts during the
preceding Due Period] was equal to.......... $24,338,248.03
8. The aggregate amount of Recoveries
for the preceding Due Period
was equal to.......... $6,264,551.75
9.(a) Net Losses [Gross Losses, less Recoveries]
for the preceding Due Period
was equal to.......... $18,073,696.28
9.(b) The Default Amount [Net Losses, times
(1 minus the Yield Factor)]
for the preceding Due Period
was equal to.......... $17,531,485.39
10. Delinquent Balances
The aggregate amount of outstanding balances in
the Accounts that were delinquent as of such Accounts'
cycle billing date occurring during the preceding
Due Period:
Aggregate Balance
-----------------
(a) 30-59 Days 84,020,942.37
(b) 60-89 Days 30,117,230.38
(c) 90-119 Days 23,156,314.04
(d) 120 days or more 100,801,483.43
Total 238,095,970.22
Page 2
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
C. Information Regarding Performance of the American Express Master Trust
Receivable Pool (Percentage Basis)
1. The aggregate amount of Charge Volume and Fees
for the preceding Due Period..... $4,583,173,126.93
2. Computed yield as a percentage of Charge Volume and Fees
[Yield Collections for the preceding Due Period
divided by the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 3.0329%
3. Gross Losses as a Percentage of Charge Volume and Fees
[Gross Losses, divided by the aggregate amount of Charge
Volume and Fees for the preceding Due Period]...... 0.5310%
4. Recovery rate [Recoveries, divided by the aggregate amount
of Charge Volume and Fees for the preceding Due Period]... 0.1367%
5. Net Losses as a Percentage of Charge Volume and Fees
[Net Losses, divided by the aggregate amount of Charge
Volume and Fees for the preceding Due Period]...... 0.3943%
6. Computed Net Yield as a Percentage of Charge Volume and Fees
[Yield Collections less Net Losses,
divided by the aggregate amount of Charge Volume and Fees
for the preceding Due Period]..... 2.6386%
7. Average Monthly Payment rate for the Due Period [Collections on
Receivables, excluding Recoveries for the preceding Due Period,
divided by the aggregate amount of billed Receivables as of
the beginning of the preceding Due Period]..... 83.0752%
8. Receivable turnover rate
Charge Volume and Fees for the previous twelve Due Periods divided
by the arithmetic average of month-end Receivable balances for the
previous twelve Due Periods, including the Receivable balance at the
beginning of such twelve month period 9.0558
9. Delinquency rates
[The aggregate amount of outstanding balances in the Accounts that
were delinquent as of such Accounts' cycle billing date occurring
during the preceding Due Period, divided by the aggregate amount of
outstanding balances for all Accounts as of such Accounts' cycle
billing date occurring during the preceding Due Period]:
(a) 30-59 Days 1.4898%
(b) 60-89 Days 0.5340%
(c) 90-119 Days 0.4106%
(d) 120 or More Days 1.7873%
Page 3
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
D. Information Regarding the Privileged Assets Program
1. Estimated Trust Privileged Assets Billed Amounts
for the second preceding Due Period........... $20,588,972.00
2. Privileged Assets Applied Dilution Factor for the
second preceding Due Period........... 24.42221%
3. Privileged Assets Calculated Amount for the
preceding Due Period........... $4,877,433.00
4. Trust Principal Component as of the end of the preceding Due
Period(reduced by the Privileged Assets Calculated Amount for the
preceding
Due Period)......... $5,657,771,508.00
5. Minimum Trust Principal Component........ $3,727,500,000.00
6. Transferor Amount(reduced by the Privileged Assets Calculated Amount
for the preceding Due Period)as of the end of the preceding
Due Period........ $1,131,817,984.00
7. The Trust Principal Component as of the end of the preceding Due
Period(reduced by the privileged Assets Calculated Amount for the
preceding Due Period)[Item 4]was not less
than the Minimum Trust Principal Component [Item 5]. Yes
8. Transferor Amount(reduced by the Privileged Assets Calculated Amount
for the preceding Due Period)[Item 6]as a percentage of the Trust
Principal Component(reduced by the Privileged Assets
Calculated Amount for the preceding Due Period) [Item 4]. 20.00%
9. The Transferor Amount(reduced by the Privileged Assets Calculated
Amount for the preceding Due Period)[Item 6] was not less than 3.0%
of the Trust Principal Component(reduced by the Privileged Assets
Calculated Amount for the preceding Due Period)
[Item 4].......... Yes
Page 4
<PAGE>
Monthly Servicer's Certificate
American Express Travel Related Services Company, Inc.
10. Estimated Trust Privileged Assets Billed Amounts for the second
preceding Due Period [Item 1]as a percentage of Trust Principal
Component for the
preceding Due Period(as reduced)[Item 4]............. 00.3639%
11. Item 10 does not exceed 1% at the same time as
Item 8 is less than 17%. Yes
12. Average of the Privileged Assets Monthly Payment Rates for the 6
month period ending on the last
day of the second preceding Due Period. 94.0555%
13. Trust Average Monthly Payment Rate for the preceding
Due Period. 70.4056%
14. 110% of Item 13......... 77.4462%
15. Item 12 is not less than Item 14 at the same time
as Item 8 is less than 17%. Yes
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services
Company, Inc.
Servicer,
By:/s/Lawrence Fazzari
-----------------
Name: Lawrence Fazzari
Title: Vice President
Business Results
Page 5
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-2
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1992-2 Certificates
A. Information Regarding American Express Master Trust Series
1992-2 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 9.2258%
2. Fixed Allocation Percentage..... 0.000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1992-2 [Floating Allocation
Percentage, times Yield Collections]..... $12,824,140.19
5. The amount of Principal Collections allocable to Series 1992-2:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $414,647,199.41
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1992-2 [Floating Allocation
Percentage, times Default Amount].... $1,617,418.22
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1992-2 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 6.6000% $2,750,000.00
2. Class B Monthly Interest $164,903.00
3. Investor Monthly Servicing Fee $833,333.33
4. Reimbursement of Class A Investor Charge offs $0.00 Schedule - to
Monthly Servicer's Certificate with respect to the Series 1992-2
Certificates
5. Investor Default Amount $1,617,418.22
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $7,458,485.64
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-2
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1992-2 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1992-2 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1992-2 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $416,264,617.63
D. Information Regarding the Series 1992-2 Class A
Interest Funding Account
1. Beginning Balance $13,750,000.00
2. Deposit from Collection Account $2,750,000.00
3. Withdrawal to Class A Certificateholders, if any $16,500,000.00
4. Ending Balance $0.00
E. Information Regarding Series 1992-2 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1992-2
-----------------------------------------------------
F. Information Regarding Series 1992-2 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $500,000,000.00
2. Class B Certificate Balance $29,100,529.00
3. Class A Invested Amount $500,000,000.00
4. Class B Invested Amount $29,100,529.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $16,500,000.00
2. Class A interest distributions $16,500,000.00
3. Class A principal distributions $0.00
4. Total Class B distributions $164,903.00
5. Class B interest distributions $164,903.00
6. Class B principal distributions $0.00
H. The Series 1992-2 Factors
1. The Series 1992-2 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1992-2 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1992-2
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1993-1 Certificates
A. Information Regarding American Express Master Trust Series
1993-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 11.0709%
2. Fixed Allocation Percentage..... 0.0000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1993-1 [Floating Allocation
Percentage, times Yield Collections]..... $15,388,968.23
5. The amount of Principal Collections allocable to Series 1993-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $497,576,639.55
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1993-1 [Floating Allocation
Percentage, times Default Amount].... $1,940,901.86
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1993-1 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 5.3750% $2,687,500.00
2. Class B Monthly Interest $160,052.91
3. Investor Monthly Servicing Fee $1,058,201.06
4. Reimbursement of Class A Investor Charge offs $0.00 Schedule - to
Monthly Servicer's Certificate with respect to the Series 1993-1
Certificates
5. Investor Default Amount $1,940,901.86
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $9,542,312.40
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1993-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1993-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1993-1 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $499,517,541.41
D. Information Regarding the Series 1993-1 Class A
Interest Funding Account
1. Beginning Balance $8,062,500.00
2. Deposit from Collection Account $2,687,500.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $10,750,000.00
E. Information Regarding Series 1993-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
F. Information Regarding Series 1993-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $600,000,000.00
2. Class B Certificate Balance $34,920,635.00
3. Class A Invested Amount $600,000,000.00
4. Class B Invested Amount $34,920,635.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $160,052.91
5. Class B interest distributions $160,052.91
6. Class B principal distributions $0.00
H. The Series 1993-1 Factors
1. The Series 1993-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1993-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1993-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1993-1
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/ Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1994-1 Certificates
A. Information Regarding American Express Master Trust Series
1994-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.5355%
2. Fixed Allocation Percentage..... 0.0000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1994-1 [Floating Allocation
Percentage, times Yield Collections]..... $7,694,484.11
5. The amount of Principal Collections allocable to Series 1994-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $248,788,319.55
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1994-1 [Floating Allocation
Percentage, times Default Amount].... $970,450.93
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1994-1 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 7.1500% $1,787,500.00
2. Class B Monthly Interest $106,944.44
3. Investor Monthly Servicing Fee $529,100.53
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $970,450.93
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,300,488.21
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1994-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1994-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1994-1 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $249,758,770.48
D. Information Regarding the Series 1994-1 Class A
Interest Funding Account
1. Beginning Balance $5,362,500.00
2. Deposit from Collection Account $1,787,500.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $7,150,000.00
E. Information Regarding Series 1994-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
F. Information Regarding Series 1994-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $17,460,317.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $17,460,317.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $106,944.44
5. Class B interest distributions $106,944.44
6. Class B principal distributions $0.00
H. The Series 1994-1 Factors
1. The Series 1994-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1994-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1994-1
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/ Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1994-2 Certificates
A. Information Regarding American Express Master Trust Series
1994-2 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.5355%
2. Fixed Allocation Percentage..... 0.000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1994-2 [Floating Allocation
Percentage, times Yield Collections]..... $7,694,484.11
5. The amount of Principal Collections allocable to Series 1994-2:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $248,788,319.55
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1994-2 [Floating Allocation
Percentage, times Default Amount].... $970,450.93
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1994-2 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 7.6000% $1,900,000.00
2. Class B Monthly Interest $112,764.55
3. Investor Monthly Servicing Fee $529,100.53
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $970,450.93
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,182,168.10
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1994-2 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1994-2 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1994-2 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $249,758,770.48
D. Information Regarding the Series 1994-2 Class A
Interest Funding Account
1. Beginning Balance $5,700,000.00
2. Deposit from Collection Account $1,900,000.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $7,600,000.00
E. Information Regarding Series 1994-2 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
F. Information Regarding Series 1994-2 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $17,460,317.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $17,460,317.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $112,764.55
5. Class B interest distributions $112,764.55
6. Class B principal distributions $0.00
H. The Series 1994-2 Factors
1. The Series 1994-2 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1994-2 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-2
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1994-2
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/ Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1994-3 Certificates
A. Information Regarding American Express Master Trust Series
1994-3 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.5355%
2. Fixed Allocation Percentage..... 0.0000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1994-3 [Floating Allocation
Percentage, times Yield Collections]..... $7,694,484.11
5. The amount of Principal Collections allocable to Series 1994-3:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $248,788,319.55
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1994-3 [Floating Allocation
Percentage, times Default Amount].... $970,450.93
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1994-3 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 7.8500% $1,962,500.00
2. Class B Monthly Interest $115,674.60
3. Investor Monthly Servicing Fee $529,100.53
4. Reimbursement of Class A Investor Charge offs $0.00 Schedule - to
Monthly Servicer's Certificate with respect to the Series 1994-3
Certificates
5. Investor Default Amount $970,450.93
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,116,758.05
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1994-3 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1994-3 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1994-3 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $249,758,770.48
D. Information Regarding the Series 1994-3 Class A
Interest Funding Account
1. Beginning Balance $5,887,500.00
2. Deposit from Collection Account $1,962,500.00
3. Withdrawal to Class A Certificateholders, if any $0.00
4. Ending Balance $7,850,000.00
E. Information Regarding Series 1994-3 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
F. Information Regarding Series 1994-3 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $17,460,317.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $17,460,317.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $0.00
2. Class A interest distributions $0.00
3. Class A principal distributions $0.00
4. Total Class B distributions $115,674.60
5. Class B interest distributions $115,674.60
6. Class B principal distributions $0.00
H. The Series 1994-3 Factors
1. The Series 1994-3 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1994-3 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1994-3
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1994-3
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/ Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1996-1 Certificates
A. Information Regarding American Express Master Trust Series
1996-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 17.9080%
2. Fixed Allocation Percentage..... 0.0000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1996-1 [Floating Allocation
Percentage, times Yield Collections]..... $24,892,695.91
5. The amount of Principal Collections allocable to Series 1996-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $804,863,834.49
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1996-1 [Floating Allocation
Percentage, times Default Amount].... $3,139,539.91
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1996-1 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 5.8063% $4,596,614.58
2. Class B Monthly Interest $468,581.08
3. Investor Monthly Servicing Fee $1,711,711.71
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $3,139,539.91
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $14,976,248.63
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1996-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1996-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1996-1 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $808,003,374.40
D. Information Regarding the Series 1996-1 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $4,596,614.58
3. Withdrawal to Class A Certificateholders, if any $4,596,614.58
4. Ending Balance $0.00
E. Information Regarding Series 1996-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
F. Information Regarding Series 1996-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $950,000,000.00
2. Class B Certificate Balance $77,027,027.00
3. Class A Invested Amount $950,000,000.00
4. Class B Invested Amount $77,027,027.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $4,596,614.58
2. Class A interest distributions $4,596,614.58
3. Class A principal distributions $0.00
4. Total Class B distributions $468,581.08
5. Class B interest distributions $468,581.08
6. Class B principal distributions $0.00
H. The Series 1996-1 Factors
1. The Series 1996-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1996-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1996-1
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/ Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1996-2 Certificates
A. Information Regarding American Express Master Trust Series
1996-2 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 5.6552%
2. Fixed Allocation Percentage..... 0.0000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1996-2 [Floating Allocation
Percentage, times Yield Collections]..... $7,860,851.33
5. The amount of Principal Collections allocable to Series 1996-2:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $254,167,526.51
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1996-2 [Floating Allocation
Percentage, times Default Amount].... $991,433.65
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1996-2 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 5.7763% $1,444,062.50
2. Class B Monthly Interest $143,918.92
3. Investor Monthly Servicing Fee $540,540.54
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $991,433.65
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $4,740,895.72
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1996-2 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1996-2 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1996-2 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $255,158,960.16
D. Information Regarding the Series 1996-2 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $1,444,062.50
3. Withdrawal to Class A Certificateholders, if any $1,444,062.50
4. Ending Balance $0.00
E. Information Regarding Series 1996-2 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
Page 2
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
F. Information Regarding Series 1996-2 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $300,000,000.00
2. Class B Certificate Balance $24,324,324.00
3. Class A Invested Amount $300,000,000.00
4. Class B Invested Amount $24,324,324.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $1,444,062.50
2. Class A interest distributions $1,444,062.50
3. Class A principal distributions $0.00
4. Total Class B distributions $143,918.92
5. Class B interest distributions $143,918.92
6. Class B principal distributions $0.00
H. The Series 1996-2 Factors
1. The Series 1996-2 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1996-2 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
Page 3
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1996-2
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1996-2
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/Lawrence Fazzari
--------------------
Lawrence Fazzari
Vice President
Business Results
Page 4
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1998-1
-----------------------------------------------------
Schedule - to Monthly Servicer's Certificate with respect
to the Series 1998-1 Certificates
A. Information Regarding American Express Master Trust Series
1998-1 Allocation Percentages
1. Floating Allocation Percentage as of the end
of the second preceding Due Period..... 18.4516%
2. Fixed Allocation Percentage..... 0.0000%
3.(a) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Yield Collections..... $0.00
3.(b) Additional Amounts pursuant to
Section 4.03(c) (ii) treated as
Principal Collections..... $0.00
4. The amount of Yield Collections allocable to
Series 1998-1 [Floating Allocation
Percentage, times Yield Collections]..... $25,648,280.38
5. The amount of Principal Collections allocable to Series 1998-1:
(a) During the Revolving Period [Floating
Allocation Percentage, times Principal
Collections], treated as Excess Principal
Collections.... $829,294,398.81
(b) During the Accumulation Period or an
Amortization Period [Fixed
Allocation Percentage, times Principal
Collections]..... $0.00
6. The Investor Default Amount allocable to
Series 1998-1 [Floating Allocation
Percentage, times Default Amount].... $3,234,836.44
B. Information Regarding the Application of Funds on Deposit in the
Collection Account for the Series 1998-1 Certificates, pursuant to
Section 4.08 of the Series Supplement
1. Class A Monthly Interest @ 5.9000% $4,916,666.67
2. Class B Monthly Interest $293,430.33
3. Investor Monthly Servicing Fee $1,763,668.43
4. Reimbursement of Class A Investor Charge offs $0.00
5. Investor Default Amount $3,234,836.44
6. Unpaid Class B Interest $0.00
7. Reimbursement of Class B Investor Charge offs $0.00
8. Excess Yield Collections $15,439,678.51
Page 1
<PAGE>
-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1998-1
-----------------------------------------------------
C. Information on the Application of Principal
Collections to the Collection Account
regarding Series 1998-1 Certificates
1. Class A Monthly Principal deposited to the
Collection Account for distribution
to Class A Certificateholders $0.00
2. Class B Monthly Principal deposited to the Collection Account for
distribution to Class B Certificateholders $0.00
3. Series 1998-1 Principal Shortfalls $0.00
4. Excess Principal Collections allocable from other Series deposited
to the Series 1998-1 Collection Account for distribution to
Certificateholders $0.00
5. Excess Principal Collections allocable to other
Series $832,529,235.25
D. Information Regarding the Series 1998-1 Class A
Interest Funding Account
1. Beginning Balance $0.00
2. Deposit from Collection Account $4,916,666.67
3. Withdrawal to Class A Certificateholders, if any $4,916,666.67
4. Ending Balance $0.00
E. Information Regarding Series 1998-1 Accrued
and Unpaid Amounts
1. The amount of any Class A Monthly Interest previously due but not
deposited in the Class A Interest Funding Account on a prior
Distribution Date.... $0.00
2. The amount of additional interest [at the Class A Certificate Rate]
with respect to interest amounts that were due but not paid on a
previous Interest Payment Date or
Special Payment Date.... $0.00
3. The amount of any Class B Monthly Interest previously due but not
distributed to Class B Certificateholders on a prior
Distribution Date.... $0.00
4. The amount of additional interest [at the Class B Certificate Rate]
with respect to interest amounts that were due but not paid
on a previous Distribution Date.... $0.00
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American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1998-1
-----------------------------------------------------
F. Information Regarding Series 1998-1 Certificate
Balances, Invested Amounts, and Investor Charge Offs
(for the preceding Due Period)
1. Class A Certificate Balance $1,000,000,000.00
2. Class B Certificate Balance $58,201,058.00
3. Class A Invested Amount $1,000,000,000.00
4. Class B Invested Amount $58,201,058.00
5. Class A Investor Charge Offs for the preceding Due
Period $0.00
6. Class B Investor Charge Offs for the preceding Due
Period $0.00
7. Unreimbursed Class A Investor Charge Offs $0.00
8. Unreimbursed Class B Investor Charge Offs $0.00
G. Information Regarding the Current Monthly Distribution
to Class A and Class B Certificateholders
1. Total Class A distributions $4,916,666.67
2. Class A interest distributions $4,916,666.67
3. Class A principal distributions $0.00
4. Total Class B distributions $293,430.33
5. Class B interest distributions $293,430.33
6. Class B principal distributions $0.00
H. The Series 1998-1 Factors
1. The Series 1998-1 Class A Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class A Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class A Invested Amount that will occur on the
following Distribution Date) to the Initial Class A
Invested Amount] (rounded to seven decimal places).... 1.0000000%
2. The Series 1998-1 Class B Factor for the preceding Record Date
[which represents the ratio of the amount of the
Class B Invested Amount as of such Record Date
(adjusted after taking into account any reduction
in the Class B Invested Amount that will occur on the
following Distribution Date) to the Initial Class B
Invested Amount] (rounded to seven decimal places).... 1.0000000%
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-----------------------------------------------------
American Express Travel Related Services Company, Inc.
American Express Master Trust, Series 1998-1
-----------------------------------------------------
Pursuant to Section 9.01 of the Agreement, to the knowledge of the
undersigned, no Early Amortization Event, with respect to the Series 1998-1
Certificates has occurred.
Any Yield Factor in effect during the preceding Due Period was not below
the minimum Yield Factor.
The Trust Principal Component as of the end of the preceding Due Period was
not less than the Minimum Trust Principal Component.
The Transferor Amount as of the end of the preceding Due Period was not
less than 3.0% of the Trust Principal Component.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this
8 day of July, 1998.
American Express
Travel Related Services Company, Inc.
Servicer,
by: /s/ Lawrence Fazzari
-------------------
Lawrence Fazzari
Vice President
Business Results
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