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Previous: PRICE T ROWE FIXED INCOME SERIES INC, 485APOS, 1999-02-24 |
Next: OWOSSO CORP, DEF 14A, 1999-02-24 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) FEBRUARY 16, 1999
-----------------
FIRST USA BANK, NATIONAL ASSOCIATION
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
(AS SERVICER ON BEHALF OF CC MASTER CREDIT CARD TRUST (FORMERLY CHEVY CHASE
MASTER CREDIT CARD TRUST))
LAWS OF THE UNITED STATES 33-81786 76-0039224
- ---------------------------- -------- ----------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or Identification Number)
organization)
201 NORTH WALNUT STREET, WILMINGTON, DELAWARE 19801
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
302/594-4117
- -------------------------------------------------------
Registrant's telephone number, including area code
N/A
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report)
<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS.
The following exhibits are filed as a part of this report:
(99.01) Series 1994-5 Monthly Certificateholders' Statement
(99.02) Series 1994-5 Monthly Statement To Certificateholders
(99.03) Series 1995-1 Monthly Certificateholders' Statement
(99.04) Series 1995-1 Monthly Statement To Certificateholders
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FIRST USA BANK, NATIONAL ASSOCATION
As Servicer of the CC Master Credit Card Trust
(formerly Chevy Chase Master Credit Card Trust)
By: /s/ Tracie H. Klein
----------------------------------
Name: Tracie H. Klein
Title: Vice President
Date: February 24, 1999
-----------------
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page
99.01 Series 1994-5 Monthly Certificateholders' Statement
99.02 Series 1994-5 Monthly Statement to Certificateholders
99.03 Series 1995-1 Monthly Certificateholders' Statement
99.04 Series 1995-1 Monthly Statement to Certificateholders
<PAGE>
EXHIBIT 99.01
Page 1
MONTHLY CERTIFICATEHOLDERS' STATEMENT
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1994-5
Pursuant to the Amended and Restated Pooling and Servicing Agreement
dated as of August 1, 1994, as amended by the First Amendment to the Amended and
Restated Pooling and Servicing Agreement, dated as of September 28, 1994
(hereinafter as such agreement may have been or may be from time to time,
supplemented, amended, or otherwise modified, the "Pooling and Servicing"),
between First USA Bank, NA., as Seller and Servicer ("First USA"), and Bankers
Trust Company, as trustee (the "Trustee"), First USA as Servicer is required to
prepare certain information each month regarding current distributions to
Certificateholders and the performance of the CC Master Credit Card Trust (the
"Trust") during the previous month. The information which is required to be
prepared with respect to the Distribution Date of February 16, 1999, and with
respect to the performance of the Trust during the month of January, 1999 is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Series 1994-5 Certificate (a "Certificate").
Certain other information is presented based on the aggregate amounts for the
Trust as a whole. Capitalized terms used in this Monthly Statement have their
respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A
Certificateholders, per $1,000 original certificate
principal amount.
(1) The total amount of the distribution to Class A
Certificateholders, per $1,000 original certificate
principal amount $ 4.6311111
(2) The amount of the distribution set forth in paragraph 1
above in respect of interest on the Class A Certificates,
per $1,000 original certificate principal amount $ 4.6311111
</TABLE>
<PAGE>
Page 2
<TABLE>
<S> <C>
(3) The amount of the distribution set forth in paragraph 1
above in respect of principal of the Class A Certificates,
per $1,000 original certificate principal amount $ 0.0000000
B) Class A Investor Charge Offs and Reimbursement of Charge
Offs
(1) The amount of Class A Investor Charge Offs $ 0.0000000
(2) The amount of Class A Investor Charge Offs set forth in
paragraph 1 above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in respect of Class A
Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph 3 above, per $1,000
original certificate principal amount $ 0.0000000
(5) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount after giving effect to all transactions on
such Distribution Date $ 0.0000000
C) Information Regarding Distributions to the Class B
Certificateholders, per $1,000 original certificate
principal amount.
(1) The total amount of the distribution to Class B
Certificatedholders, per $1,000 original certificate
principal amount $ 4.8177779
(2) The amount of the distribution set forth in paragraph 1
above in respect of interest on the Class B Certificates,
per $1,000 original
certificate principal amount $ 4.8177779
</TABLE>
<PAGE>
Page 3
<TABLE>
<S> <C>
(3) The amount of the distribution set forth in paragraph 1
above in respect of principal on the Class B Certificates,
per $1,000 original certificate principal amount $ 0.0000000
D) Class B Investor Charge Offs and Reimbursement of Charge
Offs
(1) The amount of Class B Investor Charge Offs $ 0.0000000
(2) The amount of Class B Investor Charge Offs set forth in
paragraph 1 above, per $1,000 original certificate
principal amount $ 0.0000000
(3) The total amount reimbursed in respect of Class B
Investor Charge Offs $ 0.0000000
(4) The amount set forth in paragraph 3 above, per $1,000
original certificate principal amount $ 0.0000000
(5) The amount, if any, by which the outstanding principal
balance of the Class B Certificates exceeds the Class B
Invested Amount after giving effect to all transactions on
such Distribution Date $ 0.0000000
</TABLE>
First USA Bank NA,
as Servicer
By /s/ Tracie H. Klein
--------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.02
Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
Series 1994-5
RECEIVABLES
<TABLE>
<S> <C>
Beginning of the Month Principal Receivables: $ 1,346,064,717.06
Beginning of the Month Finance Charge Receivables: $ 77,316,734.55
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 1,423,381,451.61
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 0.00
Additional Finance Charge Receivables: $ 0.00
Additional Total Receivables: $ 0.00
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 1,310,814,155.89
End of the Month Finance Charge Receivables: $ 78,098,488.58
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 1,388,912,644.47
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 1,002,000,000.00
End of the Month Seller Amount $ 308,814,155.89
End of the Month Seller Percentage 23.56%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 33,450,895.55
60-89 Days Delinquent $ 23,589,925.84
90+ Days Delinquent $ 52,193,376.46
</TABLE>
<PAGE>
Page 2
<TABLE>
<S> <C>
Total 30+ Days Delinquent $ 109,234,197.85
Delinquent Percentage 7.86%
Defaulted Accounts During the Month $ 10,643,170.22
Annualized Default Percentage 9.49%
Principal Collections 150,139,744.85
Principal Payment Rate 11.15%
Total Payment Rate 12.31%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 230,000,000.00
Class B Initial Invested Amount $ 20,000,000.00
INITIAL INVESTED AMOUNT $ 250,000,000.00
Class A Invested Amount $ 322,000,000.00
Class B Invested Amount $ 28,000,000.00
INVESTED AMOUNT $ 350,000,000.00
FLOATING ALLOCATION PERCENTAGE 26.00%
PRINCIPAL ALLOCATION PERCENTAGE 26.00%
MONTHLY SERVICING FEE $ 583,333.34
INVESTOR DEFAULT AMOUNT $ 2,767,224.26
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,400,536.23
Other Amounts $ 0.00
</TABLE>
<PAGE>
Page 3
<TABLE>
<S> <C>
TOTAL CLASS A AVAILABLE FUNDS $ 6,400,536.23
Class A Monthly Interest $ 1,491,217.78
Class A Servicing Fee $ 536,666.67
Class A Investor Default Amount $ 2,545,846.32
TOTAL CLASS A EXCESS SPREAD $ 1,826,805.46
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 556,568.36
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 556,568.36
Class B Monthly Interest $ 134,897.78
Class B Servicing Fee $ 46,666.67
TOTAL CLASS B EXCESS SPREAD $ 375,003.91
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,201,809.37
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 221,377.94
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
</TABLE>
<PAGE>
Page 4
<TABLE>
<S> <C>
Excess Spread Applied to Monthly Cash $ 22,244.44
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 1,958,186.99
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 5,843,574.88
SERIES 1994-5 EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1994-5
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
</TABLE>
<PAGE>
Page 5
<TABLE>
<S> <C>
YIELD AND BASE RATE --
Base Rate (Current Month) 7.23%
Base Rate (Prior Month) 7.76%
Base Rate (Two Months Ago) 7.50%
THREE MONTH AVERAGE BASE RATE 7.50%
Portfolio Yield (Current Month) 14.37%
Portfolio Yield (Prior Month) 21.88%
Portfolio Yield (Two Months Ago) 16.08%
THREE MONTH AVERAGE PORTFOLIO YIELD 17.44%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 35,913,426.99
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,122,906.70
TOTAL PRINCIPAL COLLECTIONS $ 39,036,333.69
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
</TABLE>
<PAGE>
Page 6
<TABLE>
<S> <C>
CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR $ 39,036,333.69
PRINCIPAL SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 49,000,000.00
Available Cash Collateral Amount $ 49,000,000.00
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Payments $ 0.00
Class B Interest Rate Cap Payments $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
</TABLE>
First USA Bank, NA,
as Servicer
By: /s/ Tracie H. Klein
----------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.03
Page 1
MONTHLY CERTIFICATEHOLDERS' STATEMENT
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1995-1
Pursuant to the Amended and Restated Pooling and Servicing Agreement dated
as of August 1, 1994, as amended by the First Amendment to the Amended and
Restated Pooling and Servicing Agreement, dated as of September 28, 1994
(hereinafter as such agreement may have been or may be from time to time,
supplemented, amended, or otherwise modified, the "Pooling and Servicing"),
between First USA Bank, NA., as Seller and Servicer ("First USA "), and Bankers
Trust Company, as trustee (the "Trustee"), First USA as Servicer is required to
prepare certain information each month regarding current distributions to
Certificateholders and the performance of the CC Master Credit Card Trust (the
"Trust") during the previous month. The information which is required to be
prepared with respect to the Distribution Date of February 16, 1999, and with
respect to the performance of the Trust during the month of January, 1999 is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Series 1995-1 Certificate (a "Certificate").
Certain other information is presented based on the aggregate amounts for the
Trust as a whole. Capitalized terms used in this Monthly Statement have their
respective meanings set forth in the Pooling and Servicing Agreement or the
Series 1995-1 Supplement dated as of March 1, 1995 between First USA , as Seller
and Servicer, and the Trustee (as amended and supplemented , the "Series
Supplement".
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A
Certificateholders, per $1,000 original certificate principal amount.
(1) The total amount of the distribution to Class A
Certificateholders, per $1,000 original certificate principal amount $ 4.6222222
(2) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the Class A Certificates, per $1,000 original
certificate principal amount $ 4.6222222
</TABLE>
<PAGE>
Page 2
<TABLE>
<S> <C>
(3) The amount of the distribution set forth in paragraph 1
above in respect of principal of the Class A Certificates,
per $1,000 original certificate principal amount $ 0.0000000
B) Class A Investor Charge Offs and Reimbursement of Charge Offs
(1) The amount of Class A Investor Charge Offs $ 0.0000000
(2) The amount of Class A Investor Charge Offs set forth in
paragraph 1 above, per $1,000 original certificate principal
amount $ 0.0000000
(3) The total amount reimbursed in respect of Class A Investor
Charge Offs $ 0.0000000
(4) The amount set forth in paragraph 3 above, per $1,00
original certificate principal amount $ 0.0000000
(5) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount after giving effect to all transactions on
such Distribution Date $ 0.0000000
C) Information Regarding Distributions to the Class B
Certificateholders, per $1,000 original certificate
principal amount.
(1) The total amount of the distribution to Class B
Certificatedholders, per $1,000 original certificate
principal amount $ 4.7555556
(2) The amount of the distribution set forth in paragraph 1
above in respect of interest on the Class B Certificates,
per $1,000 original certificate principal amount $ 4.7555556
</TABLE>
<PAGE>
Page 3
<TABLE>
<S> <C>
(3) The amount of the distribution set forth in paragraph 1
above in respect of principal on the Class B Certificates,
per $1,000 original certificate principal amount $ 0.0000000
D) Class B Investor Charge Offs and Reimbursement of Charge Offs
(1) The amount of Class B Investor Charge Offs $ 0.0000000
(2) The amount of Class B Investor Charge Offs set forth in
paragraph 1 above, per $1,000 original certificate principal
amount $ 0.0000000
(3) The total amount reimbursed in respect of Class B Investor
Charge Offs $ 0.0000000
(4) The amount set forth in paragraph 3 above, per $1,000
original certificate principal amount $ 0.0000000
(5) The amount, if any, by which the outstanding principal
balance of the Class B Certificates exceeds the Class B
Invested Amount after giving effect to all transactions on
such Distribution Date $ 0.0000000
</TABLE>
First USA BANK, NA.,
as Servicer
By /s/ Tracie H. Klein
-----------------------------------
Tracie H. Klein
Vice President
<PAGE>
EXHIBIT 99.04
Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1995-1
RECEIVABLES
<TABLE>
<S> <C>
Beginning of the Month Principal Receivables: $ 1,346,064,717.06
Beginning of the Month Finance Charge Receivables: $ 77,316,734.55
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 1,423,381,451.61
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 0.00
Additional Finance Charge Receivables: $ 0.00
Additional Total Receivables: $ 0.00
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 1,310,814,155.89
End of the Month Finance Charge Receivables: $ 78,098,488.58
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 1,388,912,644.47
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 1,002,000,000.00
End of the Month Seller Amount $ 308,814,155.89
End of the Month Seller Percentage 23.56%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 33,450,895.55
60-89 Days Delinquent $ 23,589,925.84
90+ Days Delinquent $ 52,193,376.46
</TABLE>
<PAGE>
Page 2
<TABLE>
<S> <C>
Total 30+ Days Delinquent $ 109,234,197.85
Delinquent Percentage 7.86%
Defaulted Accounts During the Month $ 10,643,170.22
Annualized Default Percentage 9.49%
Principal Collections 150,139,744.85
Principal Payment Rate 11.15%
Total Payment Rate 12.31%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 273,750,000.00
Class B Initial Invested Amount $ 26,250,000.00
INITIAL INVESTED AMOUNT $ 300,000,000.00
Class A Invested Amount $ 319,375,000.00
Class B Invested Amount $ 30,625,000.00
INVESTED AMOUNT $ 350,000,000.00
FLOATING ALLOCATION PERCENTAGE 26.00%
PRINCIPAL ALLOCATION PERCENTAGE 26.00%
MONTHLY SERVICING FEE $ 583,333.34
INVESTOR DEFAULT AMOUNT $ 2,767,224.26
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 91.25%
Class A Finance Charge Collections $ 6,348,357.95
Other Amounts $ 0.00
</TABLE>
<PAGE>
Page 3
<TABLE>
<S> <C>
TOTAL CLASS A AVAILABLE FUNDS $ 6,348,357.95
Class A Monthly Interest $ 1,476,222.22
Class A Servicing Fee $ 532,291.67
Class A Investor Default Amount $ 2,525,092.14
TOTAL CLASS A EXCESS SPREAD $ 1,814,751.92
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.75%
Class B Finance Charge Collections $ 608,746.65
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 608,746.65
Class B Monthly Interest $ 145,638.89
Class B Servicing Fee $ 51,041.67
TOTAL CLASS B EXCESS SPREAD $ 412,066.09
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 2,226,818.01
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 242,132.12
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
</TABLE>
<PAGE>
Page 4
<TABLE>
<S> <C>
Excess Spread Applied to Monthly Cash $ 20,416.67
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 1,964,269.22
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 5,843,574.88
SERIES 1995-1 EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-1
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
</TABLE>
<PAGE>
Page 5
<TABLE>
<S> <C>
YIELD AND BASE RATE --
Base Rate (Current Month) 7.21%
Base Rate (Prior Month) 7.75%
Base Rate (Two Months Ago) 7.49%
THREE MONTH AVERAGE BASE RATE 7.48%
Portfolio Yield (Current Month) 14.37%
Portfolio Yield (Prior Month) 21.88%
Portfolio Yield (Two Months Ago) 16.08%
THREE MONTH AVERAGE PORTFOLIO YIELD 17.44%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 91.25%
Class A Principal Collections $ 35,620,654.46
CLASS B PRINCIPAL PERCENTAGE 8.75%
Class B Principal Collections $ 3,415,679.21
TOTAL PRINCIPAL COLLECTIONS $ 39,036,333.67
$ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
</TABLE>
<PAGE>
Page 6
<TABLE>
<S> <C>
CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 39,036,333.67
SHARING
INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 45,500,000.00
Available Cash Collateral Amount $ 45,500,000.00
INTEREST RATE CAP PAYMENTS --
Class A Interest Rate Cap Payments $ 0.00
Class B Interest Rate Cap Payments $ 0.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
</TABLE>
First USA Bank, NA,
as Servicer
By: /s/ Tracie H. Klein
---------------------------------
Tracie H. Klein
Vice President
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