PRIME RECEIVABLES CORP
8-K, 2000-01-25
ASSET-BACKED SECURITIES
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             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C.  20549




                          FORM 8-K

                       CURRENT REPORT


                Pursuant to Section 13 of the
               Securities Exchange Act of 1934





                       Date of Report
     (Date of earliest event reported): January 18, 2000

                PRIME RECEIVABLES CORPORATION
     (Originator of the Prime Credit Card Master Trust)

                     9111 Duke Boulevard
                   Mason, Ohio  45040-8999
                       (513) 573-2037


        Delaware             31-1359594                0-21118

(State of Incorporation)   (IRS I.D. No.)      (Commission File Number)





_________________________________________________________________



Item 5. Other Events.

         None



Item 7. Financial Statements, Pro Forma Financial Information, and Exhibits.

        The following Exhibits are filed with this Report:

        29.04   Settlement Statement of the Trust
                for the period ended January 1, 2000
                and the related distributions made
                on January 18,2000.






    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 hereunto duly authorized.


                             PRIME RECEIVABLES CORPORATION



Date: January 25, 2000       By: /s/  David W. Dawson
                                      David W. Dawson,
                                      Treasurer





                      INDEX TO EXHIBITS


Exhibit                                           Sequentially
Number                   Exhibit                  Numbered Page



29.04       Settlement Statement of the Trust
            for the period ended January 25, 2000
            and the related distributions made
            on January 18, 2000.






                        Exhibit 29.04

      Settlement Statement of the Trust for the Period
           Ending January 1, 2000 and the Related
           Distributions made on January 18, 2000.




Prime Credit Card Master Trust                                   24-Jan-00
                                                                  09:44 AM
Settlement Statement
- ------------------

Distribution Date:                                               18-Jan-00

Monthly Period:  DECEMBER 1999
                     28-Nov-99
                     01-Jan-00

(i)   Collections                                              532,450,851
       Finance Charge                                           58,620,510
       Principal                                               473,830,340

(ii)  Investor Percentage - Principal Collections                01-Jan-00

        Series 1992-2                                                 4.10%
          A                                                           0.00%
          B                                                           1.74%
          C                                                           2.36%

        Series 1992-3                                                19.33%
          A                                                          15.95%
          B                                                           3.38%

        Series 1995-1                                                27.93%
          A                                                          23.46%
          B                                                           2.23%
          C                                                           2.23%

        Series 1996-1                                                11.15%
          A                                                           9.37%
          B                                                           0.89%
          C                                                           0.89%

(iii) Investor Percentage - Finance Charge Collections, Receivables

        Series 1992-2                                                 4.10%
          A                                                           0.00%
          B                                                           1.74%
          C                                                           2.36%

        Series 1992-3                                                19.33%
          A                                                          15.95%
          B                                                           3.38%

        Series 1995-1                                                27.93%
          A                                                          23.46%
          B                                                           2.23%
          C                                                           2.23%

        Series 1996-1                                                11.15%
          A                                                           9.37%
          B                                                           0.89%
          C                                                           0.89%

(iv)  Distribution Amount per $1,000          18-Jan-00

        Series 1992-2                                            1,006.625
          A                                                          0.000
          B                                                      1,006.625
          C                                                          0.000

        Series 1992-3                                              825.906
          A                                                      1,001.098
          B                                                          0.000

        Series 1995-1                                                5.636
          A                                                          5.625
          B                                                          5.750
          C                                                          0.000

        Series 1996-1                                                5.594
          A                                                          5.583
          B                                                          5.708
          C                                                          0.000


        Total $'s Distributed
           Series 1992-2                                     40,768,312.50
           Series 1992-3                                      1,486,721.00
           Series 1995-1                                      3,370,250.00
           Series 1996-1                                      1,335,900.00

(v)   Allocation to Principal per $1,000      18-Jan-00

        Series 1992-2                                            1,000.000
          A                                                          0.000
          B                                                      1,000.000
          C                                                          0.000

        Series 1992-3                                               825.00
          A                                                       1,000.00
          B                                                          0.000

        Series 1995-1                                                0.000
          A                                                          0.000
          B                                                          0.000
          C                                                          0.000

        Series 1996-1                                                0.000
          A                                                          0.000
          B                                                          0.000
          C                                                          0.000

        Total $'s Distributed                                41,575,013.87
           Series 1992-2                                     40,500,000.00
           Series 1992-3                                      1,075,013.87
           Series 1995-1                                              0.00
           Series 1996-1                                              0.00

(vi) Allocation to Interest per $1,000        18-Jan-00

        Series 1992-2                                                6.625
          A                                                          0.000
          B                                                          6.625
          C                                                          0.000

        Series 1992-3                                                0.906
          A                                                          1.098
          B                                                          0.000

        Series 1995-1                                                5.636
          A                                                          5.625
          B                                                          5.750
          C                                                          0.000

        Series 1996-1                                                5.594
          A                                                          5.583
          B                                                          5.708
          C                                                          0.000

        Total $'s Distributed
           Series 1992-2                                        268,312.50
           Series 1992-3                                        411,707.13
           Series 1995-1                                      3,370,250.00
           Series 1996-1                                      1,335,900.00

(vii)  Investor Default Amount

        Series 1992-2                                           505,780.99
          A                                                           0.00
          B                                                     214,493.51
          C                                                     291,287.48

        Series 1992-3                                         2,385,639.58
          A                                                   1,968,152.65
          B                                                     417,486.93

        Series 1995-1                                         3,442,488.55
          A                                                   2,891,690.38
          B                                                     275,399.08
          C                                                     275,399.08

        Series 1996-1                                         1,374,876.94
          A                                                   1,154,557.68
          B                                                     110,159.63
          C                                                     110,159.63


(viii) Investor Charge Offs
                                  Charge Offs             Reimbursements
        Series 1992-2                  0.00                           0.00
          A                            0.00                           0.00
          B                            0.00                           0.00
          C                            0.00                           0.00

        Series 1992-3                  0.00                           0.00
          A                            0.00                           0.00
          B                            0.00                           0.00

        Series 1995-1                  0.00                           0.00
          A                            0.00                           0.00
          B                            0.00                           0.00
          C                            0.00                           0.00

        Series 1996-1                  0.00                           0.00
          A                            0.00                           0.00
          B                            0.00                           0.00
          C                            0.00                           0.00

(ix)  Servicing Fee

        Series 1992-2                                           159,166.67
          A                                                           0.00
          B                                                      67,500.00
          C                                                      91,666.67

        Series 1992-3                                           888,430.39
          A                                                     732,955.07
          B                                                     155,475.32

        Series 1995-1                                         1,083,333.33
          A                                                     910,000.00
          B                                                      86,666.67
          C                                                      86,666.67

        Series 1996-1                                           432,666.67
          A                                                     363,333.34
          B                                                      34,666.67
          C                                                      34,666.67

(x)    Deficit Controlled Amortization Amount

        Series 1992-2                                                 0.00
          A                                                           0.00
          B                                                           0.00
          C                                                           0.00

        Series 1992-3                                                 0.00
          A                                                           0.00
          B                                                           0.00

        Series 1995-1                                                 0.00
          A                                                           0.00
          B                                                           0.00
          C                                                           0.00

        Series 1996-1                                                 0.00
          A                                                           0.00
          B                                                           0.00
          C                                                           0.00

(xi)   Receivables in Trust       01-Jan-00                  2,428,256,380
       Principal Receivables in Trust                        2,321,947,316

(xii)  Invested Amount            01-Jan-00

        Series 1992-2                                                 0.00
          A                                                           0.00
          B                                                           0.00
          C                                                           0.00

        Series 1992-3                                       449,949,026.64
          A                                                 371,207,946.98
          B                                                  78,741,079.66

        Series 1995-1                                       650,000,000.00
          A                                                 546,000,000.00
          B                                                  52,000,000.00
          C                                                  52,000,000.00

        Series 1996-1                                       259,600,000.00
          A                                                 218,000,000.00
          B                                                  20,800,000.00
          C                                                  20,800,000.00

(xiii) Enhancement                                                      NA

(xiv)  Pool Factor

        Series 1992-2                                            0.0000000
          A                                                      0.0000000
          B                                                      0.0000000
          C                                                      0.0000000

        Series 1995-1                                            1.0000000
          A                                                      1.0000000
          B                                                      1.0000000
          C                                                      1.0000000

        Series 1996-1                                            1.0000000
          A                                                      1.0000000
          B                                                      1.0000000
          C                                                      1.0000000

(xv)   Yield Factor                                                 10.129%
       Finance Charge Receivables Factor                             4.378%

(xvi)  Payout Event

        Series 1992-2                                                   NO
        Series 1992-3                                                   NO
        Series 1995-1                                                   NO
        Series 1996-1                                                   NO

(xvii) Other

        Delinquency

        Current                                    87.7%    $1,895,789,278
        30 days                                     7.4%      $160,457,164
        60 days                                     1.7%       $36,640,221
        90 days                                     1.0%       $21,366,357
        120 days                                    0.8%       $16,716,174
        150 days                                    0.6%       $13,029,553
        180 days+                                   0.9%       $18,546,204
          Total                                 100.000%    $2,162,544,952

        Balance in Principal Account            1-Jan-00       $40,500,000
        Balance in Excess-Funding Account                               $0



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