<PAGE> 1
PROSPECTUS SUPPLEMENT This Prospectus Supplement, filed
FOR THE PERIOD ENDING pursuant to Rule 424(b)(3),
NOVEMBER 30, 1999 TO relates to Registration Statement
PROSPECTUS DATED 33-71504-01 and the Prospectus
NOVEMBER 16, 1993 dated November 16, 1993
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
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): December 15, 1999
DISCOVER CARD MASTER TRUST I
----------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-23108 Not Applicable
- -------- ------- --------------
(State of (Commission (IRS Employer
organization) File Number) Identification No.)
c/o Greenwood Trust Company
12 Read's Way
New Castle, Delaware 19720
- --------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 323-7184
Not Applicable
----------------------------------------------
(Former address, if changed since last report)
Page 1 of 159
Index to Exhibits is on page 8
<PAGE> 2
Item 5. Other Events
A) Series 1993-3:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1993-3,
which is attached as Exhibit 20(a) hereto.
B) Series 1994-2:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1994-2,
which is attached as Exhibit 20(b) hereto.
C) Series 1994-A:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1994-A,
which is attached as Exhibit 20(c) hereto.
D) Series 1995-1:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1995-1,
which is attached as Exhibit 20(d) hereto.
E) Series 1995-2:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1995-2,
which is attached as Exhibit 20(e) hereto.
F) Series 1995-3:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1995-3,
which is attached as Exhibit 20(f) hereto.
G) Series 1996-1:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1996-1,
which is attached as Exhibit 20(g) hereto.
H) Series 1996-2:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1996-2,
which is attached as Exhibit 20(h) hereto.
I) Series 1996-3:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1996-3,
which is attached as Exhibit 20(i) hereto.
J) Series 1996-4:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1996-4,
which is attached as Exhibit 20(j) hereto.
K) Series 1997-1:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1997-1,
which is attached as Exhibit 20(k) hereto.
L) Series 1997-2:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1997-2,
which is attached as Exhibit 20(l) hereto.
2
<PAGE> 3
M) Series 1997-3:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1997-3,
which is attached as Exhibit 20(m) hereto.
N) Series 1997-4:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1997-4,
which is attached as Exhibit 20(n) hereto.
O) Series 1998-1:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1998-1,
which is attached as Exhibit 20(o) hereto.
P) Series 1998-2:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1998-2,
which is attached as Exhibit 20(p) hereto.
Q) Series 1998-3:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1998-3,
which is attached as Exhibit 20(q) hereto.
R) Series 1998-4:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1998-4,
which is attached as Exhibit 20(r) hereto.
S) Series 1998-6:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1998-6,
which is attached as Exhibit 20(s) hereto.
T) Series 1998-7:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1998-7,
which is attached as Exhibit 20(t) hereto.
U) Series 1999-1:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1999-1,
which is attached as Exhibit 20(u) hereto.
V) Series 1999-2:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1999-2,
which is attached as Exhibit 20(v) hereto.
W) Series 1999-3:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1999-3,
which is attached as Exhibit 20(w) hereto.
X) Series 1999-4:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1999-4,
which is attached as Exhibit 20(x) hereto.
3
<PAGE> 4
Y) Series 1999-5:
On December 15, 1999 the Registrant made available the Monthly
Certificateholders' Statement for November 1999 with respect to Series 1999-5,
which is attached as Exhibit 20(y) hereto.
4
<PAGE> 5
Item 7. Financial Statements and Exhibits
c) Exhibits
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
20(a) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1993-3.
20(b) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1994-2.
20(c) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1994-A.
20(d) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1995-1.
20(e) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1995-2.
20(f) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1995-3.
20(g) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1996-1.
20(h) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1996-2.
20(i) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1996-3.
20(j) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1996-4.
20(k) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1997-1.
20(l) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1997-2.
20(m) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1997-3.
20(n) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1997-4.
20(o) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1998-1.
</TABLE>
5
<PAGE> 6
<TABLE>
<S> <C>
20(p) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1998-2.
20(q) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1998-3.
20(r) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1998-4.
20(s) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1998-6.
20(t) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1998-7.
20(u) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1999-1.
20(v) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1999-2.
20(w) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1999-3.
20(x) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1999-4.
20(y) Monthly Certificateholders' Statement, related to the month ending
November 30, 1999, for Series 1999-5.
</TABLE>
6
<PAGE> 7
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
DISCOVER CARD MASTER TRUST I
(Registrant)
By: GREENWOOD TRUST COMPANY
as originator of the Trust
By: John J. Coane
--------------------------------------
John J. Coane
Vice President, Chief Accounting
Officer and Treasurer
Date: December 15, 1999
7
<PAGE> 8
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
20(a) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1993-3.
20(b) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1994-2.
20(c) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1994-A.
20(d) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1995-1.
20(e) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1995-2.
20(f) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1995-3.
20(g) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1996-1.
20(h) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1996-2.
20(i) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1996-3.
20(j) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1996-4.
20(k) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1997-1.
20(l) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1997-2.
20(m) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1997-3.
20(n) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1997-4.
20(o) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1998-1.
</TABLE>
8
<PAGE> 9
<TABLE>
<S> <C>
20(p) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1998-2.
20(q) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1998-3.
20(r) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1998-4.
20(s) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1998-6.
20(t) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1998-7.
20(u) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1999-1.
20(v) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1999-2.
20(w) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1999-3.
20(x) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1999-4.
20(y) Monthly Certificateholders' Statement, related to the
month ending November 30, 1999, for Series 1999-5.
</TABLE>
9
<PAGE> 1
EXHIBIT (A)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1993-3 Monthly Statement
Class A Certificate CUSIP #25466KAC3
Class B Certificate CUSIP #25466KAD1
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of November 23, 1993 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed
above, as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1993-3 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1993-3 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 6.200000000% $5.166666667 $5.166666667 $0.000000000
Class B 30 days at 6.450000000% $5.375000000 $5.375000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1993-3 Investor Interest $366,493,000.00
(e) Class A Investor Interest $350,000,000.00
Class B Investor Interest $16,493,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1993-3 Allocations $5,950,467.97 $55,549,268.83 $0.00
(e) Class A Allocations $5,682,475.75 $53,047,487.16 $0.00
Class B Allocations $267,992.22 $2,501,781.67 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1993-3 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1993-3 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1993-3 $1,896,983.21 $1,896,983.21
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1993-3 $1,832,736.73 $0.00
(d) Class A $1,750,195.46 $0.00
Class B $82,541.27 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1993-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1993-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1993-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1993-3 $610,821.66
(d) Class A $583,333.33
Class B $27,488.33
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1993-3 Class B $23,822,045.00 6.8063%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $9,162,325.00 $5,497,395.00
(b) Available Amount $9,162,325.00 $5,497,395.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $7,765.73
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date(1)
---------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1993-3 (3) 5.25%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date(4)
-----------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage
is equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of
(i) the monthly interest for each Class of this Series (see Item 1), (ii)
the monthly servicing fee for each Class of this Series (see Item 12(d)),
(iii) the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as
Finance Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1993-3 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of November 23, 1993 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1993-3 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $53,047,487.16
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $5,682,475.75
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $2,501,781.67
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $267,992.22
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (B)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1994-2 Monthly Statement
Class A Certificate CUSIP #25466KAJ8
Class B Certificate CUSIP #25466KAK5
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of October 14, 1994 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed
above, as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1994-2 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1994-2 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.750000000% $4.791666667 $4.791666667 $0.000000000
Class B 30 days at 8.050000000% $6.708333333 $6.708333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1994-2 Investor Interest $894,737,000.00
(e) Class A Investor Interest $850,000,000.00
Class B Investor Interest $44,737,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1994-2 Allocations $14,527,086.20 $135,614,378.80 $0.00
(e) Class A Allocations $13,800,731.89 $128,833,659.86 $0.00
Class B Allocations $726,354.31 $6,780,718.94 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1994-2 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1994-2 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1994-2 $4,373,027.38 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1994-2 $4,474,324.46 $0.00
(d) Class A $4,250,608.24 $0.00
Class B $223,716.22 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1994-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1994-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1994-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1994-2 $1,491,228.34
(d) Class A $1,416,666.67
Class B $74,561.67
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1994-2 Class B $89,473,700.00 10.5263%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $44,736,850.00
(b) Available Amount $0.00 $44,736,850.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $14,378.38
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date(1)
---------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1994-2 (3) 5.60%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date(4)
-----------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
-----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage
is equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of
(i) the monthly interest for each Class of this Series (see Item 1), (ii)
the monthly servicing fee for each Class of this Series (see Item 12(d)),
(iii) the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as
Finance Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1994-2 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of October 14, 1994 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1994-2 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $128,833,659.86
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $13,800,731.89
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $4,072,916.67
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $6,780,718.94
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $726,354.31
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $300,110.71
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (C)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1994-A Monthly Statement
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of December 20, 1994 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth this information for the Distribution Date listed above, as
well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in 1994-A on this Distribution Date
-------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1994-A Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 6.353375240% $5.294479367 $5.294479367 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1994-A Investor Interest $2,550,000,000.00
(e) Class A Investor Interest $2,550,000,000.00
Class B Investor Interest $0.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation. $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation: $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1994-A Allocations $41,402,195.67 $386,500,979.59 $0.00
(e) Class A Allocations $41,402,195.67 $386,500,979.59 $0.00
Class B Allocations $0.00 $0.00 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1994-A $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1994-A $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1994-A $13,500,922.38 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 0.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1994-A $12,751,824.72 $0.00
(d) Class A $12,751,824.72 $0.00
Class B $0.00 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1994-A $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1994-A $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1994-A $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1994-A $4,250,000.00
(d) Class A $4,250,000.00
Class B $0.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1994-A Class B $0.00 0.0000%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $204,000,000.00 $0.00
(b) Available Amount $204,000,000.00 $0.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $99,022.02
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date(1)
------------------------------------------------------
<S> <C>
(a) Group One(2) 5.73%
(b) Group Two(2) 5.08%
(c) Series 1994-A(3) 5.08%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date(4)
--------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -----------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance or the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of
(i) the monthly interest for each Class of this Series (see Item 1), (ii)
the monthly servicing fee for each Class of this Series (see Item 12(d)),
(iii) the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as
Finance Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1994-A Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of December 20, 1994 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1994-A Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $386,500,979.59
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $41,402,195.67
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
Date is equal to $0.00
7. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $13,500,922.38
8. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
</TABLE>
<PAGE> 6
9. Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (D)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1995-1 Monthly Statement
Class A Certificate CUSIP #25466KAN9
Class B Certificate CUSIP #25466KAP4
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of April 19, 1995 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed
above, as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1995-1 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1995-1 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.680000000% $4.733333333 $4.733333333 $0.000000000
Class B 30 days at 5.850000000% $4.875000000 $4.875000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1995-1 Investor Interest $631,579,000.00
(e) Class A Investor Interest $600,000,000.00
Class B Investor Interest $31,579,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1995-1 Allocations $10,254,388.28 $95,727,558.68 $0.00
(e) Class A Allocations $9,741,820.64 $90,942,597.61 $0.00
Class B Allocations $512,567.64 $4,784,961.07 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1995-1 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1995-1 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1995-1 $2,993,947.63 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1995-1 $3,158,338.82 $0.00
(d) Class A $3,000,468.63 $0.00
Class B $157,870.19 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1995-1 $1,052,631.67
(d) Class A $1,000,000.00
Class B $52,631.67
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1995-1 Class B $69,473,690.00 11.5789%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $37,894,740.00
(b) Available Amount $0.00 $37,894,740.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $24,492.21
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date(1)
---------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1995-1 (3) 5.75%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date(4)
-----------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
-----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage
is equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of
(i) the monthly interest for each Class of this Series (see Item 1), (ii)
the monthly servicing fee for each Class of this Series (see Item 12(d)),
(iii) the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as
Finance Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1995-1 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of April 19, 1995 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1995-1 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $90,942,597.61
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $9,741,820.64
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $2,840,000.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $4,784,961.07
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $512,567.64
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $153,947.63
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (E)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1995-2 Monthly Statement
Class A Certificate CUSIP #25466KAQ2
Class B Certificate CUSIP #25466KAR0
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of August 1, 1995 relating to
the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1995-2 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1995-2 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 6.550000000% $5.458333333 $5.458333333 $0.000000000
Class B 30 days at 6.750000000% $5.625000000 $5.625000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1995-2 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections/
Collections Collections Additional Funds
(a) Allocation of Collections between Investors and Seller
<S> <C> <C> <C>
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1995-2 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1995-2 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1995-2 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1995-2 $2,877,194.17 $11,508,776.68
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1995-2 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1995-2 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1995-2 Class B $34,210,540.00 6.8421%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $15,789,480.00
(b) Available Amount $0.00 $15,789,480.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $4,283.97
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1995-2 (3) 4.91%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1995-2 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of August 1, 1995 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1995-2 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant
to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (F)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1995-3 Monthly Statement
Class A Certificate CUSIP #25466KAS8
Class B Certificate CUSIP #25466KAT6
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of September 28, 1995 relating
to the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1995-3 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1995-3 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.610000000% $4.675000000 $4.675000000 $0.000000000
Class B 30 days at 5.730000000% $4.775000000 $4.775000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1995-3 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections/
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation. $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation: $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1995-3 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1995-3 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1995-3 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1995-3 $2,463,158.90 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1995-3 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1995-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1995-3 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1995-3 Class B $57,894,760.00 11.5790%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $31,578,960.00
(b) Available Amount $0.00 $31,578,960.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $13,205.42
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1995-3 (3) 5.84%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1995-3 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of September 28, 1995 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1995-3 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $2,337,500.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $125,658.90
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant
to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (G)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1996-1 Monthly Statement
Class A Certificate CUSIP #25466KAU3
Class B Certificate CUSIP #25466KAV1
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of January 18, 1996 relating to
the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1996-1 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1996-1 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.570000000% $4.641666667 $4.641666667 $0.000000000
Class B 30 days at 5.700000000% $4.750000000 $4.750000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1996-1 Investor Interest $1,052,632,000.00
(e) Class A Investor Interest $1,000,000,000.00
Class B Investor Interest $52,632,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections/
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1996-1 Allocations $17,090,791.69 $159,547,280.52 $0.00
(e) Class A Allocations $16,236,078.64 $151,568,297.22 $0.00
Class B Allocations $854,713.05 $7,978,983.30 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1996-1 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1996-1 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1996-1 $4,891,668.67 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1996-1 $5,263,942.56 $0.00
(d) Class A $5,000,692.01 $0.00
Class B $263,250.55 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1996-1 $1,754,386.67
(d) Class A $1,666,666.67
Class B $87,720.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1996-1 Class B $105,263,200.00 10.5263%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $57,894,760.00
(b) Available Amount $0.00 $57,894,760.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $16,195.09
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1996-1 (3) 5.89%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1996-1 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of January 18, 1996 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1996-1 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $151,568,297.22
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $16,236,078.64
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $4,641,666.67
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $7,978,983.30
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $854,713.05
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $250,002.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant
to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (H)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1996-2 Monthly Statement
Class A Certificate CUSIP #25466KAW9
Class B Certificate CUSIP #25466KAX7
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of January 29, 1996 relating to
the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1996-2 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1996-2 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.620000000% $4.683333333 $4.683333333 $0.000000000
Class B 30 days at 5.760000000% $4.800000000 $4.800000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1996-2 Investor Interest $947,369,000.00
(e) Class A Investor Interest $900,000,000.00
Class B Investor Interest $47,369,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections/
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation. $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation: $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1996-2 Allocations $15,381,799.24 $143,593,362.10 $0.00
(e) Class A Allocations $14,612,514.14 $136,411,872.31 $0.00
Class B Allocations $769,285.10 $7,181,489.79 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1996-2 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1996-2 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1996-2 $4,442,371.20 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1996-2 $4,737,575.01 $0.00
(d) Class A $4,500,636.16 $0.00
Class B $236,938.85 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1996-2 $1,578,948.33
(d) Class A $1,500,000.00
Class B $78,948.33
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1996-2 Class B $104,210,590.00 11.5790%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $56,842,140.00
(b) Available Amount $0.00 $56,842,140.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $26,558.55
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1996-2 (3) 5.82%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1996-2 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of January 29, 1996 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1996-2 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $136,411,872.31
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $14,612,514.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $4,215,000.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $7,181,489.79
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $769,285.10
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $227,371.20
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (I)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1996-3 Monthly Statement
Class A Certificate CUSIP #25466KAY5
Class B Certificate CUSIP #25466KAZ2
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of February 21, 1996 relating to
the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1996-3 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1996-3 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 6.050000000% $5.041666667 $5.041666667 $0.000000000
Class B 30 days at 6.250000000% $5.208333333 $5.208333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1996-3 Investor Interest $631,579,000.00
(e) Class A Investor Interest $600,000,000.00
Class B Investor Interest $31,579,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections/
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation. $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation: $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1996-3 Allocations $10,254,388.28 $95,727,558.68 $0.00
(e) Class A Allocations $9,741,820.64 $90,942,597.61 $0.00
Class B Allocations $512,567.64 $4,784,961.07 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1996-3 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1996-3 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1996-3 $3,189,473.96 $12,757,895.84
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1996-3 $3,158,338.82 $0.00
(d) Class A $3,000,468.63 $0.00
Class B $157,870.19 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1996-3 $1,052,631.67
(d) Class A $1,000,000.00
Class B $52,631.67
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
--- -----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1996-3 Class B $37,894,740.00 6.3158%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $18,947,370.00
(b) Available Amount $0.00 $18,947,370.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $13,984.41
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1996-3 (3) 5.40%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1996-3 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of February 21, 1996 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1996-3 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $90,942,597.61
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $9,741,820.64
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $4,784,961.07
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $512,567.64
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (J)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1996-4 Monthly Statement
Class A Certificate CUSIP #25466KBA6
Class B Certificate CUSIP #25466KBB4
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of April 30, 1996 relating to
the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1996-4 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1996-4 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.775000000% $4.812500000 $4.812500000 $0.000000000
Class B 30 days at 5.950000000% $4.958333333 $4.958333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1996-4 Investor Interest $1,052,632,000.00
(e) Class A Investor Interest $1,000,000,000.00
Class B Investor Interest $52,632,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections/
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors
and Seller
Aggregate Investor Allocation. $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation: $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1996-4 Allocations $17,090,791.69 $159,547,280.52 $0.00
(e) Class A Allocations $16,236,078.64 $151,568,297.22 $0.00
Class B Allocations $854,713.05 $7,978,983.30 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1996-4 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1996-4 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1996-4 $5,073,467.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1996-4 $5,263,942.56 $0.00
(d) Class A $5,000,692.01 $0.00
Class B $263,250.55 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1996-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1996-4 $1,754,386.67
(d) Class A $1,666,666.67
Class B $87,720.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1996-4 Class B $115,789,520.00 11.5790%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $63,157,920.00
(b) Available Amount $0.00 $63,157,920.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $49,246.30
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1996-4 (3) 5.64%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1996-4 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of April 30, 1996 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1996-4 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $151,568,297.22
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $16,236,078.64
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $4,812,500.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $7,978,983.30
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $854,713.05
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $260,967.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (K)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1997-1 Monthly Statement
Class A Certificate CUSIP #25466KBD0
Class B Certificate CUSIP #25466KBE8
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of August 26, 1997 relating to
the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1997-1 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1997-1 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.490000000% $4.575000000 $4.575000000 $0.000000000
Class B 30 days at 5.670000000% $4.725000000 $4.725000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1997-1 Investor Interest $789,474,000.00
(e) Class A Investor Interest $750,000,000.00
Class B Investor Interest $39,474,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation. $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation: $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1997-1 Allocations $12,818,093.76 $119,660,460.39 $0.00
(e) Class A Allocations $12,177,167.39 $113,677,234.96 $0.00
Class B Allocations $640,926.37 $5,983,225.43 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1997-1 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1997-1 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1997-1 $3,617,764.65 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1997-1 $3,947,956.92 $0.00
(d) Class A $3,750,552.40 $0.00
Class B $197,404.52 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1997-1 $1,315,790.00
(d) Class A $1,250,000.00
Class B $65,790.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1997-1 Class B $98,684,250.00 13.1579%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $59,210,550.00
(b) Available Amount $0.00 $59,210,550.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $27,665.16
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1997-1 (3) 5.94%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1997-1 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of August 26, 1997 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1997-1 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $113,677,234.96
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $12,177,167.39
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $3,431,250.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $5,983,225.43
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $640,926.37
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $186,514.65
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (L)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1997-2 Monthly Statement
Class A Certificate CUSIP #25466KBF5
Class B Certificate CUSIP #25466KBG3
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of October 15, 1997 relating to
the Pooling and Servicing Agreement dated as of October 1, 1993 by and
between Greenwood Trust Company and U.S. Bank National Association, as
Trustee, as amended, the Trustee is required to prepare certain information
each month regarding current distributions to investors and the
performances of the Trust. We have set forth below this information for the
Distribution Date listed above, as well as for the calendar month ended on
the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1997-2 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1997-2 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 6.792000000% $5.660000000 $5.660000000 $0.000000000
Class B 30 days at 5.800000000% $4.833333333 $4.833333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1997-2 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections/
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation. $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation: $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1997-2 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1997-2 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid PSA Index Monthly Deficit Amount through this
this Distribution Date Rate* Amortization Rate* this Distribution Date Distribution Date
<S> <C> <C> <C> <C> <C>
Class A $0.00 N/A N/A $0.00 $0.00
Class B $0.00 N/A N/A $0.00 $0.00
*Rates are only applicable during the Class A Controlled Liquidation Period.
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1997-2 $2,957,194.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1997-2 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1997-2 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1997-2 Class B $47,368,440.00 9.4737%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $21,052,640.00
(b) Available Amount $0.00 $21,052,640.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $16,415.45
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1997-2 (3) 4.70%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1997-2 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of October 15, 1997 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1997-2 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $2,830,000.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $127,194.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (M)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1997-3 Monthly Statement
Class A Certificate CUSIP #25466KBH1
Class B Certificate CUSIP #25466KBJ7
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of October 23, 1997 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1997-3 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1997-3 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.530000000% $4.608333333 $4.608333333 $0.000000000
Class B 30 days at 5.710000000% $4.758333333 $4.758333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1997-3 Investor Interest $684,211,000.00
(e) Class A Investor Interest $650,000,000.00
Class B Investor Interest $34,211,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1997-3 Allocations $11,109,101.32 $103,706,541.98 $0.00
(e) Class A Allocations $10,553,602.89 $98,520,810.06 $0.00
Class B Allocations $555,498.43 $5,185,731.92 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
----------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1997-3 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1997-3 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1997-3 $3,158,204.01 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1997-3 $3,421,589.37 $0.00
(d) Class A $3,250,496.55 $0.00
Class B $171,092.82 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1997-3 $1,140,351.66
(d) Class A $1,083,333.33
Class B $57,018.33
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1997-3 Class B $85,526,375.00 13.1579%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $51,315,825.00
(b) Available Amount $0.00 $51,315,825.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $33,598.19
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
---------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1997-3 (3) 5.88%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
-----------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
-------------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1997-3 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of October 23, 1997 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1997-3 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $98,520,810.06
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $10,553,602.89
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $2,995,416.67
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $5,185,731.92
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $555,498.43
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $162,787.34
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (N)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1997-4 Monthly Statement
Class A Certificate CUSIP #25466KBK4
Class B Certificate CUSIP #25466KBL2
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of October 31, 1997 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1997-4 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1997-4 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.470000000% $4.558333333 $4.558333333 $0.000000000
Class B 30 days at 5.650000000% $4.708333333 $4.708333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1997-4 Investor Interest $789,474,000.00
(e) Class A Investor Interest $750,000,000.00
Class B Investor Interest $39,474,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
----------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1997-4 Allocations $12,818,093.76 $119,660,460.39 $0.00
(e) Class A Allocations $12,177,167.39 $113,677,234.96 $0.00
Class B Allocations $640,926.37 $5,983,225.43 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1997-4 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1997-4 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1997-4 $3,604,606.75 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
--------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1997-4 $3,947,956.92 $0.00
(d) Class A $3,750,552.40 $0.00
Class B $197,404.52 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1997-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1997-4 $1,315,790.00
(d) Class A $1,250,000.00
Class B $65,790.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1997-4 Class B $98,684,250.00 13.1579%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
-------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $59,210,550.00
(b) Available Amount $0.00 $59,210,550.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $16,563.18
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
--------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
---------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1997-4 (3) 5.98%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
-----------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
-----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1997-4 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of October 31, 1997 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1997-4 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $113,677,234.96
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $12,177,167.39
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $3,418,750.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $5,983,225.43
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $640,926.37
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $185,856.75
14 Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (O)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1998-1 Monthly Statement
Class A Certificate CUSIP #25466KBM0
Class B Certificate CUSIP #25466KBN8
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of January 14, 1998 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1998-1 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
--------------------------------------------
Series 1998-1 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.490000000% $4.575000000 $4.575000000 $0.000000000
Class B 30 days at 5.670000000% $4.725000000 $4.725000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1998-1 Investor Interest $368,422,000.00
(e) Class A Investor Interest $350,000,000.00
Class B Investor Interest $18,422,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1998-1 Allocations $5,981,690.36 $55,840,738.54 $0.00
(e) Class A Allocations $5,682,475.75 $53,047,487.16 $0.00
Class B Allocations $299,214.61 $2,793,251.38 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1998-1 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1998-1 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1998-1 $1,688,293.95 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1998-1 $1,842,353.19 $0.00
(d) Class A $1,750,195.46 $0.00
Class B $92,157.73 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1998-1 $614,036.66
(d) Class A $583,333.33
Class B $30,703.33
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1998-1 Class B $46,052,750.00 13.1579%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $27,631,650.00
(b) Available Amount $0.00 $27,631,650.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $7,729.50
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1998-1 (3) 5.96%
</TABLE>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
[S] [C]
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY: ____________________________
Vice President
_________________________________________________
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1998-1 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of January 14, 1998 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1998-1 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $53,047,487.16
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $5,682,475.75
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $1,601,250.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $2,793,251.38
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $299,214.61
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $87,043.95
14. Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (P)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1998-2 Monthly Statement
Class A Certificate CUSIP #25466KBP3
Class B Certificate CUSIP #25466KBQ1
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of March 4, 1998 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1998-2 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1998-2 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.800000000% $4.833333333 $4.833333333 $0.000000000
Class B 30 days at 5.950000000% $4.958333333 $4.958333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1998-2 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1998-2 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
----------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1998-2 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1998-2 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1998-2 $2,547,150.17 $7,641,450.51
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1998-2 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1998-2 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1998-2 Class B $44,736,860.00 8.9474%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $21,052,640.00
(b) Available Amount $0.00 $21,052,640.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $5,889.13
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1998-2 (3) 5.66%
</TABLE>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY: ____________________________
Vice President
_________________________________________________
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1998-2 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of March 4, 1998 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1998-2 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (Q)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1998-3 Monthly Statement
Class A Certificate CUSIP #25466KBR9
Class B Certificate CUSIP #25466KBS7
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of March 25, 1998 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1998-3 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1998-3 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.525000000% $4.604166667 $4.604166667 $0.000000000
Class B 30 days at 5.690000000% $4.741666667 $4.741666667 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1998-3 Investor Interest $789,474,000.00
(e) Class A Investor Interest $750,000,000.00
Class B Investor Interest $39,474,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1998-3 Allocations $12,818,093.76 $119,660,460.39 $0.00
(e) Class A Allocations $12,177,167.39 $113,677,234.96 $0.00
Class B Allocations $640,926.37 $5,983,225.43 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
----------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1998-3 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1998-3 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1998-3 $3,640,297.55 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1998-3 $3,947,956.92 $0.00
(d) Class A $3,750,552.40 $0.00
Class B $197,404.52 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1998-3 $1,315,790.00
(d) Class A $1,250,000.00
Class B $65,790.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1998-3 Class B $98,684,250.00 13.1579%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $59,210,550.00
(b) Available Amount $0.00 $59,210,550.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $27,484.47
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1998-3 (3) 5.91%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY: ____________________________
Vice President
_________________________________________________
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1998-3 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of March 25, 1998 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1998-3 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $113,677,234.96
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $12,177,167.39
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $3,453,125.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $5,983,225.43
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $640,926.37
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $187,172.55
14. Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (R)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1998-4 Monthly Statement
Class A Certificate CUSIP #25466KBT5
Class B Certificate CUSIP #25466KBU2
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of April 9, 1998 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1998-4 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1998-4 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.750000000% $4.791666667 $4.791666667 $0.000000000
Class B 30 days at 5.900000000% $4.916666667 $4.916666667 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1998-4 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1998-4 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
----------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1998-4 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1998-4 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1998-4 $2,525,220.33 $5,050,440.66
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1998-4 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1998-4 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1998-4 Class B $44,736,860.00 8.9474%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $21,052,640.00
(b) Available Amount $0.00 $21,052,640.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $5,712.10
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1998-4 (3) 5.71%
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY: ____________________________
Vice President
_________________________________________________
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1998-4 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of April 9, 1998 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1998-4 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (S)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1998-6 Monthly Statement
Class A Certificate CUSIP #25466KBY4
Class B Certificate CUSIP #25466KBZ1
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of July 30, 1998 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1998-6 on this Distribution Date
--------------------------------------------------------------------------------
(per $1000 of Class Initial Investor Interest)
----------------------------------------------
Series 1998-6 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.850000000% $4.875000000 $4.875000000 $0.000000000
Class B 30 days at 6.050000000% $5.041666667 $5.041666667 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1998-6 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1998-6 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
----------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1998-6 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1998-6 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1998-6 $2,570,176.50 $12,850,882.50
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1998-6 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-6 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-6 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-6 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1998-6 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1998-6 Class B $44,736,860.00 8.9474%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $21,052,640.00
(b) Available Amount $0.00 $21,052,640.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $9,803.09
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1998-6 (3) 5.60%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY: ____________________________
Vice President
_________________________________________________
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1998-6 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of July 30, 1998 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1998-6 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered
by the Master Servicer on the date of this Certificate to the Trustee
pursuant to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
-------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (T)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1998-7 Monthly Statement
Class A Certificate CUSIP #25466KCA5
Class B Certificate CUSIP #25466KCB3
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of November 12, 1998 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1998-7 on this Distribution Date (per $1000 of Class Initial Investor Interest)
-------------------------------------------------------------------------------------------------------------------------------
Series 1998-7 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.600000000% $4.666666667 $4.666666667 $0.000000000
Class B 30 days at 5.900000000% $4.916666667 $4.916666667 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1998-7 Investor Interest $1,052,632,000.00
(e) Class A Investor Interest $1,000,000,000.00
Class B Investor Interest $52,632,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1998-7 Allocations $17,090,791.69 $159,547,280.52 $0.00
(e) Class A Allocations $16,236,078.64 $151,568,297.22 $0.00
Class B Allocations $854,713.05 $7,978,983.30 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Balance Income
<S> <C> <C> <C> <C>
Series 1998-7 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1998-7 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1998-7 $4,925,440.67 $4,925,440.67
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1998-7 $5,263,942.56 $0.00
(d) Class A $5,000,692.01 $0.00
Class B $263,250.55 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-7 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-7 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1998-7 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1998-7 $1,754,386.67
(d) Class A $1,666,666.67
Class B $87,720.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1998-7 Class B $89,473,720.00 8.9474%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $42,105,280.00
(b) Available Amount $0.00 $42,105,280.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $24,058.97
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1998-7 (3) 5.84%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- ----------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1998-7 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of November 12, 1998 (the "Series Supplement")
by and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1998-7 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $151,568,297.22
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $16,236,078.64
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $7,978,983.30
10. The aggregate amount of Class B Finance Charge Collections processed during
November, 1999 is equal to $854,713.05
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution date
is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be made on
the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders on the
current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant
to Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (U)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1999-1 Monthly Statement
Class A Certificate CUSIP #25466KCC1
Class B Certificate CUSIP #25466KCD9
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of February 9, 1999 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1999-1 on this Distribution Date (per $1000 of Class Initial Investor Interest)
-------------------------------------------------------------------------------------------------------------------------------
Series 1999-1 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.300000000% $4.416666667 $4.416666667 $0.000000000
Class B 30 days at 5.550000000% $4.625000000 $4.625000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1999-1 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1999-1 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Balance Income
<S> <C> <C> <C> <C>
Series 1999-1 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1999-1 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1999-1 $2,330,044.83 $9,320,179.32
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1999-1 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-1 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1999-1 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1999-1 Class B $44,736,860.00 8.9474%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $21,052,640.00
(b) Available Amount $0.00 $21,052,640.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $8,520.72
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1999-1 (3) 6.15%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- ----------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1999-1 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of February 9, 1999 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1999-1 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999 is
equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed during
November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution date
is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be made on
the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders on the
current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (V)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1999-2 Monthly Statement
Class A Certificate CUSIP #25466KCE7
Class B Certificate CUSIP #25466KCF4
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of March 10, 1999 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1999-2 on this Distribution Date (per $1000 of Class Initial Investor Interest)
-------------------------------------------------------------------------------------------------------------------------------
Series 1999-2 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.900000000% $4.916666667 $4.916666667 $0.000000000
Class B 30 days at 6.100000000% $5.083333333 $5.083333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1999-2 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1999-2 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1999-2 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1999-2 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1999-2 $2,592,106.33 $5,184,212.66
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1999-2 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-2 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1999-2 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1999-2 Class B $44,736,860.00 8.9474%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $21,052,640.00
(b) Available Amount $0.00 $21,052,640.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $8,520.71
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1999-2 (3) 5.55%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
-------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1999-2 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of March 10, 1999 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1999-2 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (W)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1999-3 Monthly Statement
Class A Certificate CUSIP #25466KCG2
Class B Certificate CUSIP #25466KCH0
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of April 6, 1999 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1999-3 on this Distribution Date (per $1000 of Class Initial Investor Interest)
-------------------------------------------------------------------------------------------------------------------------------
Series 1999-3 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.510000000% $4.591666667 $4.591666667 $0.000000000
Class B 30 days at 5.710000000% $4.758333333 $4.758333333 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1999-3 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1999-3 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1999-3 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1999-3 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1999-3 $2,421,053.63 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1999-3 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-3 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1999-3 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1999-3 Class B $65,789,500.00 13.1579%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $39,473,700.00
(b) Available Amount $0.00 $39,473,700.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $15,976.35
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1999-3 (3) 5.93%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1999-3 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of April 6, 1999 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1999-3 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $2,295,833.33
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $125,220.30
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (X)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1999-4 Monthly Statement
Class A Certificate CUSIP #25466KCJ6
Class B Certificate CUSIP #25466KCK3
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of April 27, 1999 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1999-4 on this Distribution Date (per $1000 of Class Initial Investor Interest)
-------------------------------------------------------------------------------------------------------------------------------
Series 1999-4 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.650000000% $4.708333333 $4.708333333 $0.000000000
Class B 30 days at 5.850000000% $4.875000000 $4.875000000 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1999-4 Investor Interest $894,737,000.00
(e) Class A Investor Interest $850,000,000.00
Class B Investor Interest $44,737,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1999-4 Allocations $14,527,086.20 $135,614,378.80 $0.00
(e) Class A Allocations $13,800,731.89 $128,833,659.86 $0.00
Class B Allocations $726,354.31 $6,780,718.94 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1999-4 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1999-4 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1999-4 $4,220,176.21 $4,220,176.21
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1999-4 $4,474,324.46 $0.00
(d) Class A $4,250,608.24 $0.00
Class B $223,716.22 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-4 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1999-4 $1,491,228.34
(d) Class A $1,416,666.67
Class B $74,561.67
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C>
Series 1999-4 Class B $76,052,645.00 8.9474%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $35,789,480.00
(b) Available Amount $0.00 $35,789,480.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $14,485.22
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1999-4 (3) 5.80%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1999-4 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of April 27, 1999 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1999-4 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $128,833,659.86
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $13,800,731.89
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $0.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $6,780,718.94
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $726,354.31
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $0.00
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
<PAGE> 1
EXHIBIT (Y)
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Master Trust I
Series 1999-5 Monthly Statement
Class A Certificate CUSIP #25466KCL1
Class B Certificate CUSIP #25466KCM9
Distribution Date: December 15, 1999 Month Ending: November 30, 1999
Pursuant to the Series Supplement dated as of June 15, 1999 relating to the
Pooling and Servicing Agreement dated as of October 1, 1993 by and between
Greenwood Trust Company and U.S. Bank National Association, as Trustee, as
amended, the Trustee is required to prepare certain information each month
regarding current distributions to investors and the performances of the Trust.
We have set forth below this information for the Distribution Date listed above,
as well as for the calendar month ended on the date listed above.
<TABLE>
<CAPTION>
1. Payments for the benefit of investors in Series 1999-5 on this Distribution Date (per $1000 of Class Initial Investor Interest)
-------------------------------------------------------------------------------------------------------------------------------
Series 1999-5 Total Interest Principal
<S> <C> <C> <C>
Class A 30 days at 5.580000000% $4.650000000 $4.650000000 $0.000000000
Class B 30 days at 5.810000000% $4.841666667 $4.841666667 $0.000000000
</TABLE>
<TABLE>
<CAPTION>
2. Principal Receivables at the end of November, 1999
--------------------------------------------------
<S> <C>
(a) Aggregate Investor Interest $19,465,953,000.00
Seller Interest $8,029,121,316.51
Total Master Trust $27,495,074,316.51
(b) Group One Investor Interest $16,915,953,000.00
(c) Group Two Investor Interest $2,550,000,000.00
(d) Series 1999-5 Investor Interest $526,316,000.00
(e) Class A Investor Interest $500,000,000.00
Class B Investor Interest $26,316,000.00
</TABLE>
<TABLE>
<CAPTION>
3. Allocation of Receivables Collected During November, 1999
---------------------------------------------------------
Finance Charge Principal Yield Collections /
Collections Collections Additional Funds
<S> <C> <C> <C>
(a) Allocation of Collections between Investors and Seller
Aggregate Investor Allocation $316,053,455.62 $2,950,446,666.21 $0.00
Seller Allocation $117,590,908.53 $1,097,743,745.80 $0.00
(b) Group One Allocation $274,651,259.95 $2,563,945,686.62 $0.00
(c) Group Two Allocation $41,402,195.67 $386,500,979.59 $0.00
(d) Series 1999-5 Allocations $8,545,395.84 $79,773,640.26 $0.00
(e) Class A Allocations $8,118,256.14 $75,786,172.70 $0.00
Class B Allocations $427,139.70 $3,987,467.56 $0.00
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
(f) Principal Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 14.92%
(g) Finance Charge Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 1.60%
(h) Total Collections as a monthly percentage of Master Trust Receivables
at the beginning of November, 1999 16.52%
</TABLE>
<TABLE>
<CAPTION>
4. Information Concerning the Series Principal Funding Accounts ("SPFA")
---------------------------------------------------------------------
Deposits into the Deficit Amount
SPFAs on this on this SPFA Investment
Distribution Date Distribution Date Balance Income
<S> <C> <C> <C> <C>
Series 1999-5 $0.00 0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
5. Information Concerning Amount of Controlled Liquidation Payments
----------------------------------------------------------------
Total Payments
Amount Paid on this Deficit Amount through this
Distribution Date on this Distribution Date Distribution Date
<S> <C> <C> <C>
Series 1999-5 $0.00 $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
6. Information Concerning the Series Interest Funding Accounts ("SIFA")
--------------------------------------------------------------------
Deposits into the SIFA
on this Distribution Date SIFA Balance
<S> <C> <C>
Series 1999-5 $2,452,413.30 $0.00
</TABLE>
<TABLE>
<CAPTION>
7. Pool Factors for November, 1999
-------------------------------
<S> <C>
Class A 1.00000000
Class B 1.00000000
</TABLE>
<TABLE>
<CAPTION>
8. Investor Charged-Off Amount
---------------------------
Cumulative Investor
This Distribution Date Charged-Off Amount
<S> <C> <C>
(a) Group One $84,592,246.10 $0.00
(b) Group Two $12,751,824.72 $0.00
(c) Series 1999-5 $2,631,971.28 $0.00
(d) Class A $2,500,412.78 $0.00
Class B $131,558.50 $0.00
(e) As an annualized percentage of
Principal Receivables at the
beginning of November, 1999 6.00% N/A
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
9. Investor Losses on this Distribution Date
-----------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-5 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
10. Reimbursement of Investor Losses on this Distribution Date
----------------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-5 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
11. Aggregate Amount of Unreimbursed Investor Losses
------------------------------------------------
Per $1,000 of original
Total invested Principal
<S> <C> <C>
(a) Group One $0.00 $0.00
(b) Group Two $0.00 $0.00
(c) Series 1999-5 $0.00 $0.00
(d) Class A $0.00 $0.00
Class B $0.00 $0.00
</TABLE>
<TABLE>
<CAPTION>
12. Investor Monthly Servicing Fee payable on this Distribution Date
----------------------------------------------------------------
<S> <C>
(a) Group One $28,193,254.98
(b) Group Two $4,250,000.00
(c) Series 1999-5 $877,193.33
(d) Class A $833,333.33
Class B $43,860.00
</TABLE>
<TABLE>
<CAPTION>
13. Class Available Subordinated Amount at the end of the Distribution Date
-----------------------------------------------------------------------
As a percentage of
Total Class A Invested Amount
<S> <C> <C>
Series 1999-5 Class B $65,789,500.00 13.1579%
</TABLE>
<PAGE> 4
<TABLE>
<CAPTION>
14. Total Available Credit Enhancement Amounts
------------------------------------------
Shared Amount Class B Amount
<S> <C> <C>
(a) Maximum Amount $0.00 $39,473,700.00
(b) Available Amount $0.00 $39,473,700.00
(c) Amount of Drawings on Credit Enhancement
on this Distribution Date $0.00 $0.00
(d) Credit Enhancement Fee on this
Distribution Date $25,702.76
</TABLE>
<TABLE>
<CAPTION>
15. Delinquency Summary
-------------------
Master Trust Receivables Outstanding at the end of November, 1999 $27,916,715,840.16
Delinquent Amount Percentage of Ending
Payment Status Ending Balance Receivables Outstanding
<S> <C> <C>
30-59 days $723,521,987.13 2.59%
60-179 days $1,305,675,492.24 4.68%
</TABLE>
<TABLE>
<CAPTION>
16. Excess Spread Percentages on this Distribution Date (1)
-------------------------------------------------------
<S> <C>
(a) Group One (2) 5.73%
(b) Group Two (2) 5.08%
(c) Series 1999-5 (3) 5.83%
</TABLE>
<TABLE>
<CAPTION>
17. Net Charge-Offs on this Distribution Date (4)
---------------------------------------------
<S> <C>
Charge-offs net of recoveries as an annualized percentage of
Principal Receivables at the beginning of November, 1999 5.20%
</TABLE>
U.S. BANK NATIONAL ASSOCIATION
as Trustee
BY:
----------------------------
Vice President
- -------------------------------------------------
(1) For series in Group One, investors should refer only to the higher of the
Group Excess Spread Percentage (Item 16(a)) and the Series Excess Spread
Percentage (Item 16(c)) in assessing the current performance of the Trust
and the Receivables.
(2) Group Excess Spread is the sum of the Series Excess Spreads (as described
below) for each series in the Group. The Group Excess Spread Percentage is
equal to the Group Excess Spread, multiplied by twelve, divided by the
Series Investor Interests for each series in the Group.
(3) Series Excess Spread is the difference between (a) the sum of Finance
Charge Collections, Yield Collections, Additional Funds and Investment
Income for any Class of this Series (see Item 3(e)), and (b) the sum of (i)
the monthly interest for each Class of this Series (see Item 1), (ii) the
monthly servicing fee for each Class of this Series (see Item 12(d)), (iii)
the Investor Charge-Off Amount (see Item 8(c)), and (iv) the Credit
Enhancement Fee (see Item 14(d)), in each case for this Distribution Date.
The Series Excess Spread Percentage is equal to the Series Excess Spread,
multiplied by twelve, divided by the Series Investor Interest for this
Series.
(4) For purposes of allocations to investors, recoveries are treated as Finance
Charge Collections and are included as such in Item 3 above.
<PAGE> 5
MASTER SERVICER'S CERTIFICATE STATEMENT
Discover Card Master Trust I
Series 1999-5 Monthly Statement
CREDIT CARD
PASS-THROUGH CERTIFICATES
The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Master Servicer pursuant to the Pooling & Servicing
Agreement dated as of October 1, 1993 (the"Pooling & Servicing Agreement") and
the Series Supplement, dated as of June 15, 1999 (the "Series Supplement") by
and between Greenwood and U.S. Bank National Association, as Trustee, does
hereby certify as follows with respect to the Supplement Discover Card Master
Trust I, Series 1999-5 Master Trust Certificates for the Distribution Date
occurring on December 15, 1999:
<TABLE>
<S> <C>
1. Greenwood is Master Servicer under the Pooling and Servicing Agreement.
2. The undersigned is a Servicing Officer of Greenwood as Master Servicer.
3. The aggregate amount of Collections processed during November, 1999
is equal to $4,481,834,776.16
4. The aggregate amount of Class A Principal Collections processed during
November, 1999 is equal to $75,786,172.70
5. The aggregate amount of Class A Finance Charge Collections processed
during November, 1999 is equal to $8,118,256.14
6a. The aggregate amount of Class A Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
6b. The aggregate amount of Class A Additional Funds for this Distribution
date is equal to $0.00
7. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class A Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class A Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class A Investor Interest is equal to $0.00
8. The sum of all amounts payable to the Class A Certificateholders
on the current Distribution Date is equal to $2,325,000.00
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
9. The aggregate amount of Class B Principal Collections processed during
November, 1999 is equal to $3,987,467.56
10. The aggregate amount of Class B Finance Charge Collections processed
during November, 1999 is equal to $427,139.70
11a. The aggregate amount of Class B Principal Collections recharacterized as
Series Yield Collections during November, 1999 is equal to $0.00
11b. The aggregate amount of Class B Additional Funds for this Distribution
date is equal to $0.00
12. The amount of drawings under the Credit Enhancement required to be
made on the related Drawing Date pursuant to the Series Supplement:
(a) with respect to the Class B Required Amount Shortfall $0.00
is equal to
(b) with respect to the Class B Cumulative Investor Charged-Off $0.00
Amount is equal to
(c) with respect to the Class B Investor Interest is equal to $0.00
13. The sum of all amounts payable to the Class B Certificateholders
on the current Distribution Date is equal to $127,413.30
14. Attached hereto is a true copy of the statement required to be delivered by
the Master Servicer on the date of this Certificate to the Trustee pursuant to
Section 16 of the Series Supplement.
</TABLE>
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
certificate this 15th day of December, 1999.
GREENWOOD TRUST COMPANY
as Master Servicer
By:
--------------------------------------
Vice President, Chief Accounting Officer,
and Treasurer
