AMERICAN EXPRESS RECEIVABLES FINANCING CORP
8-K, 1998-11-16
ASSET-BACKED SECURITIES
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<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) November 16, 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 7.60% 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 November 9, 1998 for the Distribution
Date  occurring on November 16, 1998 and the preceding Due Period from September
28 through  October 27, 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 1996-1, 1996-2 and 1998-1 occurring on November 16,
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, 1994-2, 1994-3, 1996-1, 1996-2
and 1998-1  occurring  on November  16,  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 1996-1, 1996-2 and 1998-1, 
                 occurring on November 16, 1998.

Exhibit 20.2     Payment Date Statements relating to interest distributions on 
                 the Class B Certificates, Series 1992-2, 1993-1, 1994-2, 
                 1994-3, 1996-1, 1996-2 and 1998-1, occurring on 
                 November 16, 1998.

Exhibit 99.1     Monthly Servicer's Certificate dated November 9, 1998 for 
                 the Distribution Date occurring on November 16, 1998 and 
                 the preceding Due Period from September 28 through 
                 October 27, 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:  November 16, 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 1996-1, 1996-2 and 1998-1, occurring on 
                November 16, 1998.

Exhibit 20.2    Payment Date Statements relating to interest            12
                distributions on the Class B Certificates,  
                Series 1992-2, 1993-1, 1994-2, 1994-3, 1996-1, 
                1996-2 and 1998-1 occurring on November 16, 1998.

Exhibit 99.1    Monthly Servicer's Certificate dated November 9, 1998    27
                for the Distribution Date occurring on November 16, 
                1998 and the preceding Due Period from September 28 
                through October 27, 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
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1996-1 Supplement, dated as of 
September 9, 1996 (as amended and supplemented, the "Agreement"), among 
American Express Receivables Financing Corporation ("RFC"), and American Express
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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      October 31, 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                            $   4,693,920.44
                                                              ----------------
2.     Class A principal distributions                        $              0
                                                              ----------------
3.     Class A interest distributions                         $   4,693,920.44
                                                              ----------------
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 9th day of November, 1998.




                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             _________________________________
                                             Name:
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1996-2 Supplement, dated as of 
September 9, 1996 (as amended and supplemented, the "Agreement"), among American
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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      October 31, 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                            $   1,474,290.67
                                                              ----------------
2.     Class A principal distributions                        $              0
                                                              ----------------
3.     Class A interest distributions                         $   1,474,290.67
                                                              ----------------
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)                                          $ 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  9th day of November, 1998.
               



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             _________________________________
                                             Name:
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1998-1 Supplement, dated as of 
May 27, 1998 (as amended and supplemented, the "Agreement"), among American 
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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      October 31, 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  9th day of November,  1998.
           



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             _________________________________
                                             Name:
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1992-2 Supplement, dated as of 
August 3, 1992 (as amended and supplemented, the "Agreement"), among American 
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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    October 31, 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 9th day of November, 1998.
                



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             ----------------------------
                                              Name:    
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1993-1 Supplement, dated as of 
September 9, 1993 (as amended and supplemented, the "Agreement"), among American
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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   October 31, 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 9th day of November, 1998.
         



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             ------------------------------
                                              Name:    
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1994-2 Supplement, dated as of 
September 1, 1994 (as amended and supplemented, the "Agreement"), among American
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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   October 31, 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 9th day of November, 1998.
              



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             ------------------------------
                                              Name:   
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1994-3 Supplement, dated as of 
September 1, 1994 (as amended and supplemented, the "Agreement"), among American
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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    October 31, 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 9th day of November, 1998.
             



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             -----------------------------
                                              Name:  
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1996-1 Supplement, dated as of 
September 9, 1996 (as amended and supplemented, the "Agreement"), among American
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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   October 31, 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 9th day of November, 1998.
            



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             -----------------------------
                                              Name:  
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1996-2 Supplement, dated as of 
September 9, 1996 (as amended and supplemented, the "Agreement"), among American
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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    October 31, 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 9th day of November, 1998.
         



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             -----------------------------
                                              Name:
                                             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 
amended by the Amended and Restated Pooling and Servicing Agreement dated 
May 1, 1998 and as supplemented by the Series 1998-1 Supplement, dated as of 
May 27, 1998 (as amended and supplemented, the "Agreement"), among American 
Express Receivables Financing Corporation ("RFC"), and American Express 
Centurion Bank ("AECB"), as Transferors, TRS, as Servicer, 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    October 31, 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 9th day of November, 1998.
      



                                          AMERICAN EXPRESS TRAVEL RELATED 
                                          SERVICES COMPANY, INC.
                                          as Servicer






                                          By: \s\ Jay Stevelman
                                             -----------------------------
                                              Name:  
                                             Title:

                                                             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"), American Express Centurion Bank ("AECB") 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 
       November 16, and the related Due Period from
       September 28 through October 27, 1998
  
  
 A.    Information Regarding the American Express Master Trust
  
 1.    Trust Principal Component as of the
       end of the preceding Due Period.....             $5,515,841,613.45
  
  
 2.    Aggregate Invested Amounts as of the
       end of the preceding Due Period.....             $4,208,494,207.00
  
  
 3.    Transferor Amount as of the 
       end of the preceding Due Period.....             $1,307,347,406.45
  
 4.(a) Transferor Percentage as of the
       end of the second preceding Due Period.....                22.9078%
  
 4.(b) Transferor Percentage as of the
       end of the preceding Due Period.....                       23.7017%
  
  
 5.    Aggregate Excess Principal Collections for
       the preceding Due Period.....                    $3,201,682,352.84
  
 6.    Aggregate Principal Shortfalls for
       the preceding Due Period.....                                $0.00

                                                                     Page 1
<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..........                               $5,627,875,368.71
   (b) the end of the preceding Due Period was
       equal to..........                               $5,686,434,653.04
  
 2.    The Yield Factor in effect 
       for the preceding Due Period                                3.0000%
  
 3.    The aggregate amount of billed Receivables
       as of the beginning of the preceding             $5,582,203,065.85
       Due Period was equal to..........
  
 4.(a) The aggregate amount of Collections on Receivables,
       exclusive of recoveries for the preceding Due Period
       was equal to..........                           $4,266,867,329.59
  
 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..........                           $4,138,861,309.70
  
 6.    The aggregate amount of Yield Collections
       for the preceding Due Period
       was equal to..........                             $128,006,019.89
  
 7.    Gross Losses
       [The aggregate amount of Receivables for all Accounts
       which became Defaulted Accounts during the 
       preceding Due Period] was equal to..........        $20,390,054.73
  
 8.    The aggregate amount of Recoveries
       for the preceding Due Period
       was equal to..........                               $5,757,074.58
  
 9.(a) Net Losses [Gross Losses, less Recoveries]
       for the preceding Due Period
       was equal to..........                              $14,632,980.15
  
 9.(b) The Default Amount [Net Losses, times 
       (1 minus the Yield Factor)]
       for the preceding Due Period
       was equal to..........                              $14,193,990.75
      
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                                      $92,835,840.90
 (b)   60-89 Days                                      $30,964,224.96
 (c)   90-119 Days                                     $20,390,447.44
 (d)   120 days or more                                $81,236,185.97
  
       Total                                          $225,426,699.27
  
                                                                         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.....                $4,345,816,668.65
  
 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].....                          2.9455%
  
 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]......         0.4692%
  
 4.    Recovery rate [Recoveries, divided by
       the aggregate amount of Charge Volume and Fees
       for the preceding Due Period].....                          0.1325%
  
 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] Computed
       Net Yield as a Percentage of Charge Volume and Fees         0.3367%
      
 6.    
       [Yield Collections less Net Losses,
       divided by the aggregate amount of Charge Volume and Fees
       for the preceding Due Period].....                          2.6088%
  
 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].....            76.4370%
  
 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                                                      9.1251%
  
   
 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                                              1.7193%
 (b)   60-89 Days                                              0.3776%
 (c)   90-119 Days                                             0.5735%
 (d)   120 or More Days                                        1.5045%
  
                                                                        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...........            $19,770,851.00

2.    Privileged Assets Applied Dilution Factor for the                       
      second preceding Due Period...........                          24.9668%

3.    Privileged Assets Calculated Amount for the 
      preceding Due Period...........                            $4,788,066.00

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).........                                   $5,511,053,547.00

5.    Minimum Trust Principal Component........              $4,525,500,000.00

6.    Transferor Amount(reduced by the Privileged
      Assets Calculated Amount for the preceding
      Due Period)as of the end of the preceding
      Due Period........                                     $1,302,559,340.00

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].         23.64%

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].............           00.3587%

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.                         94.0321%

13.   Trust Average Monthly Payment Rate for the preceding
      Due Period.                                                     76.4370%


14.   110% of Item 13.........                                        84.0807%

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 9th day of November, 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.....                    9.6922%
  
 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 1992-2 [Floating Allocation
       Percentage, times Yield Collections].....           $12,406,588.69
  
 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....                                    $401,146,367.78
  
   (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]....                $1,375,708.77
  
  
 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                         $881,834.21
  
 4.    Reimbursement of Class A Investor Charge offs                $0.00
   
 5.    Investor Default Amount                              $1,375,708.77
  
 6.    Unpaid Class B Interest                                      $0.00
  
 7.    Reimbursement of Class B Investor Charge offs                $0.00
  
 8.    Excess Yield Collections                             $7,234,142.71
  
                                                                       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                                             $402,522,076.55
  
  
 D.    Information Regarding the Series 1992-2 Class A
       Interest Funding Account
  
 1.    Beginning Balance                                    $8,250,000.00
  
 2.    Deposit from Collection Account                      $2,750,000.00
  
 3.    Withdrawal to Class A Certificateholders, if any             $0.00
  
 4.    Ending Balance                                      $11,000,000.00
  
  
 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                                  $0.00
  
 2.    Class A interest distributions                               $0.00
  
 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>

              -----------------------------------------------------
               American Express Travel Related Services Company, Inc.
                  American Express Master Trust, Series 1992-2
              ------------------------------------------------------
  
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 9th day of November.

  
  
  
  
                               American Express 
                               Travel Related Services Company, Inc.
                               Servicer,
  
                               by: /s/Lawrence Fazzari
                                  -------------------
                                   Lawrence Fazzari
                                   Vice President
                                   CCSG Business Results
  
                                                                  Page 4
<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.....                   11.6306%
  
 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].....           $14,887,906.44
  
 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....                                    $481,375,641.42
  
   (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]....                $1,650,850.53
  
  
 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
  
 5.    Investor Default Amount                              $1,650,850.53
  
 6.    Unpaid Class B Interest                                      $0.00
  
 7.    Reimbursement of Class B Investor Charge offs                $0.00
  
 8.    Excess Yield Collections                             $9,331,301.94
  
                                                                  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                                             $483,026,491.95
  
  
 D.    Information Regarding the Series 1993-1 Class A
       Interest Funding Account
  
 1.    Beginning Balance                                    $2,687,500.00
  
 2.    Deposit from Collection Account                      $2,687,500.00
  
 3.    Withdrawal to Class A Certificateholders, if any             $0.00
  
 4.    Ending Balance                                       $5,375,000.00
  
  
 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>

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 9th day of November.
  
  
                               American Express 
                               Travel Related Services Company, Inc.
                               Servicer,
  
                               by: /s/Lawrence Fazzari
                                  -------------------
                                   Lawrence Fazzari
                                   Vice President
                                   CCSG 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.....                    5.8153%
  
 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 1994-2 [Floating Allocation
       Percentage, times Yield Collections].....            $7,443,953.20
  
 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....                                    $240,687,820.09
  
   (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]....                  $825,425.27
  
  
 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                                $825,425.27
  
 6.    Unpaid Class B Interest                                      $0.00
  
 7.    Reimbursement of Class B Investor Charge offs                $0.00
  
 8.    Excess Yield Collections                             $4,076,662.85
  
                                                                       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                                             $241,513,245.36
  
  
 D.    Information Regarding the Series 1994-2 Class A
       Interest Funding Account
  
 1.    Beginning Balance                                    $1,900,000.00
  
 2.    Deposit from Collection Account                      $1,900,000.00
  
 3.    Withdrawal to Class A Certificateholders, if any             $0.00
  
 4.    Ending Balance                                       $3,800,000.00
  
  
 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 9th day of November.

  
  
  
  
                               American Express 
                               Travel Related Services Company, Inc.
                               Servicer,
  
                               by: /s/Lawrence Fazzari
                                  -------------------
                                   Lawrence Fazzari
                                   Vice President
                                   CCSG 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.....                    5.8153%
  
 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].....            $7,443,953.20
  
 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....                                    $240,687,820.09
  
   (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]....                  $825,425.27
  
  
 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
  
 5.    Investor Default Amount                                $825,425.27
  
 6.    Unpaid Class B Interest                                      $0.00
  
 7.    Reimbursement of Class B Investor Charge offs                $0.00
  
 8.    Excess Yield Collections                             $4,011,252.80
  
                                                                       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                                             $241,513,245.36
  
  
 D.    Information Regarding the Series 1994-3 Class A
       Interest Funding Account
  
 1.    Beginning Balance                                    $1,962,500.00
  
 2.    Deposit from Collection Account                      $1,962,500.00
  
 3.    Withdrawal to Class A Certificateholders, if any             $0.00
  
 4.    Ending Balance                                       $3,925,000.00
  
  
 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 9th day of November.
         
  
  
  
  
                               American Express 
                               Travel Related Services Company, Inc.
                               Servicer,
  
                               by: /s/Lawrence Fazzari
                                  -------------------
                                   Lawrence Fazzari
                                   Vice President
                                   CCSG 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.....                   18.8133%
  
 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].....           $24,082,194.59
  
 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....                                    $778,657,624.84
  
   (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]....                $2,670,362.28
  
  
 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 @ 5.5586%                   $4,693,920.44
  
 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                              $2,670,362.28
  
 6.    Unpaid Class B Interest                                      $0.00
  
 7.    Reimbursement of Class B Investor Charge offs                $0.00
  
 8.    Excess Yield Collections                            $14,537,619.08
  
                                                                   Page 1
<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                                             $781,327,987.12
  
  
 D.    Information Regarding the Series 1996-1 Class A
       Interest Funding Account
  
 1.    Beginning Balance                                            $0.00
  
 2.    Deposit from Collection Account                      $4,693,920.44
  
 3.    Withdrawal to Class A Certificateholders, if any     $4,693,920.44
  
 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                          $4,693,920.44
  
 2.    Class A interest distributions                       $4,693,920.44
  
 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 9th day of November.

  
  
  
  
                               American Express 
                               Travel Related Services Company, Inc.
                               Servicer,
  
                               by: /s/Lawrence Fazzari
                                  -------------------
                                   Lawrence Fazzari
                                   Vice President
                                   CCSG 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.....                    5.9411%
  
 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].....            $7,604,903.55
  
 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....                                    $245,891,881.51
  
   (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]....                  $843,272.30
  
  
 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 @ 5.5286%                   $1,474,290.67
  
 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                                $843,272.30
  
 6.    Unpaid Class B Interest                                      $0.00
  
 7.    Reimbursement of Class B Investor Charge offs                $0.00
  
 8.    Excess Yield Collections                             $4,602,881.12
  
                                                                     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                                             $246,735,153.81
  
  
 D.    Information Regarding the Series 1996-2 Class A
       Interest Funding Account
  
 1.    Beginning Balance                                            $0.00
  
 2.    Deposit from Collection Account                      $1,474,290.67
  
 3.    Withdrawal to Class A Certificateholders, if any     $1,474,290.67
  
 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                          $1,474,290.67
  
 2.    Class A interest distributions                       $1,474,290.67
  
 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  
 
 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 9th day of November.
       
  
  
  
  
                               American Express 
                               Travel Related Services Company, Inc.
                               Servicer,
  
                               by: /s/Lawrence Fazzari
                                  -------------------
                                   Lawrence Fazzari
                                   Vice President
                                   CCSG 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.....                   19.3844%
  
 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].....           $24,813,177.38
  
 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....                                    $802,292,735.14
  
   (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]....                $2,751,417.55
  
  
 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                              $2,751,417.55
  
 6.    Unpaid Class B Interest                                      $0.00
  
 7.    Reimbursement of Class B Investor Charge offs                $0.00
  
 8.    Excess Yield Collections                            $15,087,994.40
  
                                                                      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                                             $805,044,152.69
  
  
 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
  
                                                                     Page 2
<PAGE>
               -----------------------------------------------------
               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%
 
                                                                     Page 3
<PAGE>
             -----------------------------------------------------
               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 9th day of November.
  
  
  
  
  
                               American Express 
                               Travel Related Services Company, Inc.
                               Servicer,
  
                               by: /s/Lawrence Fazzari
                                  -------------------
                                   Lawrence Fazzari
                                   Vice President
                                   CCSG Business Results

                                                                      Page 4


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