CC MASTER CREDIT CARD TRUST
8-K, 1999-06-30
ASSET-BACKED SECURITIES
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<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT


                      Pursuant to Section 13 or 15(d) of
                      The Securities Exchange Act of 1934


    Date of Report (Date of earliest event reported)          June 15, 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))



<TABLE>
<S>                             <C>                              <C>
Laws of the United States                     33-81786                        76-0039224
- ------------------------------                --------                        ----------
(State or other jurisdiction of        (Commission File Number)       (IRS Employer Identification
incorporation or organization)                                                   Number)

</TABLE>



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 ASSOCIATION
                         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:  First Vice President



Date:  June 30, 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

05/99                                                                     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 June 15, 1999, and with
respect to the performance of the Trust during the month of May, 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.

     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                   $   87.4517382

          (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            $    4.1184028
<PAGE>

05/99                                                                     Page 2

          (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                   $   83.3333354

     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                   $    4.2875693

          (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 cerificate principal amount             $    4.2875693
<PAGE>

05/99                                                                     Page 3

          (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
          cerificate 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


                            First USA Bank NA,
                            as Servicer

                            By  /s/ TRACIE KLEIN
                                ---------------------------------
                                    Tracie H. Klein
                                    First Vice President

<PAGE>

                                                                   EXHIBIT 99.02

05/99                                                                     Page 1

                    MONTHLY STATEMENT TO CERTIFICATEHOLDERS
                          CC MASTER CREDIT CARD TRUST
                (Formerly Chevy Chase Master Credit Card Trust)
                                 Series 1994-5
<TABLE>
RECEIVABLES
<S>                                                                 <C>
Beginning of the Month Principal Receivables:                       $         1,164,044,631.90
Beginning of the Month Finance Charge Receivables:                  $            71,961,365.59
Beginning of the Month Discounted Receivables:                      $                     0.00
Beginning of the Month Total Receivables:                           $         1,236,005,997.49

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:                             $         1,133,414,640.61
End of the Month Finance Charge Receivables:                        $            74,061,173.29
End of the Month Discounted Receivables:                            $                     0.00
End of the Month Total Receivables:                                 $         1,207,475,813.90

Special Funding Account Balance                                     $                     0.00
Aggregate Invested Amount (all Master Trust Series)                 $         1,000,000,000.00
End of the Month Seller Amount                                      $           133,414,640.61
End of the Month Seller Percentage                                                      11.77%

DELINQUENCIES AND LOSSES

End of the Month Delinquencies:                                                RECEIVABLES

       30-59 Days Delinquent                                        $            35,128,293.04
       60-89 Days Delinquent                                        $            25,872,767.09
       90+ Days Delinquent                                          $            51,627,283.07
</TABLE>
<PAGE>

05/99                                                                     Page 2

<TABLE>
<S>                                                                 <C>
       Total 30+ Days Delinquent                                    $         112,628,343.20
       Delinquent Percentage                                                           9.33%

Defaulted Accounts During the Month                                 $          10,902,736.86
Annualized Default Percentage                                                         11.24%

Principal Collections                                                         133,416,767.37
Principal Payment Rate                                                                11.46%

Total Payment Rate                                                                    12.50%

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                                                        30.07%
PRINCIPAL ALLOCATION PERCENTAGE                                                       30.07%

MONTHLY SERVICING FEE                                               $             583,333.34

INVESTOR DEFAULT AMOUNT                                             $           3,278,452.97

CLASS A AVAILABLE FUNDS--

CLASS A FLOATING PERCENTAGE                                                           92.00%

       Class A Finance Charge Collections                           $           6,244,115.73
       Other Amounts                                                $                   0.00

</TABLE>
<PAGE>

05/99                                                                     Page 3

<TABLE>
<S>                                                                 <C>
TOTAL CLASS A AVAILABLE FUNDS                                       $          6,244,115.73

       Class A Monthly Interest                                     $          1,326,125.69
       Class A Servicing Fee                                        $            536,666.67
       Class A Investor Default Amount                              $          3,016,176.73

TOTAL CLASS A EXCESS SPREAD                                         $          1,365,146.64

REQUIRED AMOUNT                                                     $                  0.00

CLASS B AVAILABLE FUNDS

CLASS B FLOATING PERCENTAGE                                                           8.00%

       Class B Finance Charge Collections                           $            542,966.56
       Other Amounts                                                $                  0.00

TOTAL CLASS B AVAILABLE FUNDS                                       $            542,966.56

       Class B Monthly Interest                                     $            120,051.94
       Class B Servicing Fee                                        $             46,666.67

TOTAL CLASS B EXCESS SPREAD                                         $            376,247.95

EXCESS SPREAD --

TOTAL EXCESS SPREAD                                                 $          1,741,394.59

       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                       $            262,276.24

       Excess Spread Applied to Class B Investor                    $                  0.00
       Charge Offs
</TABLE>
<PAGE>

05/99                                                                     Page 4

<TABLE>
<S>                                                                 <C>
       Excess Spread Applied to Monthly Cash                        $           20,159.03
       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                                                         $        1,458,959.32

EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --

TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I                                                   $        4,086,060.94

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>

05/99                                                                     Page 5

<TABLE>
<S>                                                                 <C>
YIELD AND BASE RATE --

       Base Rate (Current Month)                                                      7.13%
       Base Rate (Prior Month)                                                        7.15%
       Base Rate (Two Months Ago)                                                     7.17%

THREE MONTH AVERAGE BASE RATE                                                         7.15%

       Portfolio Yield (Current Month)                                               12.03%
       Portfolio Yield (Prior Month)                                                 12.51%
       Portfolio Yield (Two Months Ago)                                              15.63%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                  13.39%

PRINCIPAL COLLECTIONS --

CLASS A PRINCIPAL PERCENTAGE                                                         92.00%

       Class A Principal Collections                                $         36,908,948.21

CLASS B PRINCIPAL PERCENTAGE                                                          8.00%

       Class B Principal Collections                                $          3,209,473.77

TOTAL PRINCIPAL COLLECTIONS                                         $         40,118,421.98

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                   $                  0.00
SERIES

CLASS A AMORTIZATION --

       Controlled Amortization Amount                               $         26,833,334.00
       Deficit Controlled Amortization Amount                       $                  0.00

CONTROLLED DISTRIBUTION AMOUNT                                      $         26,833,334.00

</TABLE>
<PAGE>

05/99                                                                     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                         $           13,285,087.98
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                            $           45,243,333.24
       Available Cash Collateral Amount                           $           45,243,333.24

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 KLEIN
                                           ------------------------------
                                                Tracie H. Klein
                                                First Vice President

<PAGE>

                                                                   EXHIBIT 99.03

05/99                                                                     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 June 15, 1999, and with
respect to the performance of the Trust during the month of May, 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                                  $       4.1103472

          (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                       $       4.1103472
</TABLE>
<PAGE>

05/99                                                                     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
               Certificateholders, per $1,000 original certificate
               principal amount                                                       $       4.2311804

          (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                       $       4.2311804

</TABLE>
<PAGE>

05/99                                                                     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 KLEIN
                                          ------------------------------
                                               Tracie H. Klein
                                               First 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

<TABLE>
<S>                                                                 <C>
RECEIVABLES

Beginning of the Month Principal Receivables:                       $     1,164,044,631.90
Beginning of the Month Finance Charge Receivables:                  $        71,961,365.59
Beginning of the Month Discounted Receivables:                      $                 0.00
Beginning of the Month Total Receivables:                           $     1,236,005,997.49

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:                             $     1,133,414,640.61
End of the Month Finance Charge Receivables:                        $        74,061,173.29
End of the Month Discounted Receivables:                            $                 0.00
End of the Month Total Receivables:                                 $     1,207,475,813.90

Special Funding Account Balance                                     $                 0.00
Aggregate Invested Amount (all Master Trust Series)                 $     1,000,000,000.00
End of the Month Seller Amount                                      $       133,414,640.61
End of the Month Seller Percentage                                                  11.77%

DELINQUENCIES AND LOSSES

End of the Month Delinquencies:                                       RECEIVABLES

       30-59 Days Delinquent                                        $        35,128,293.04
       60-89 Days Delinquent                                        $        25,872,767.09
       90+ Days Delinquent                                          $        51,627,283.07

</TABLE>
<PAGE>

                                                                          Page 2

<TABLE>
<S>                                                                 <C>
       Total 30+ Days Delinquent                                 $          112,628,343.20
       Delinquent Percentage                                                         9.33%

Defaulted Accounts During the Month                              $           10,902,736.86
Annualized Default Percentage                                                       11.24%

Principal Collections                                                       133,416,767.37
Principal Payment Rate                                                              11.46%

Total Payment Rate                                                                  12.50%

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                                                      30.07%
PRINCIPAL ALLOCATION PERCENTAGE                                                     30.07%

MONTHLY SERVICING FEE                                            $              583,333.34

INVESTOR DEFAULT AMOUNT                                          $            3,278,452.97

CLASS A AVAILABLE FUNDS--

CLASS A FLOATING PERCENTAGE                                                         91.25%

       Class A Finance Charge Collections                        $            6,193,212.59
       Other Amounts                                             $                    0.00
</TABLE>
<PAGE>

                                                                          Page 3

<TABLE>
<S>                                                                 <C>
TOTAL CLASS A AVAILABLE FUNDS                                       $         6,193,212.59

       Class A Monthly Interest                                     $         1,312,742.14
       Class A Servicing Fee                                        $           532,291.67
       Class A Investor Default Amount                              $         2,991,588.34

TOTAL CLASS A EXCESS SPREAD                                         $         1,356,590.44

REQUIRED AMOUNT                                                     $                 0.00

CLASS B AVAILABLE FUNDS

CLASS B FLOATING PERCENTAGE                                                          8.75%

       Class B Finance Charge Collections                           $           593,869.72
       Other Amounts                                                $                 0.00

TOTAL CLASS B AVAILABLE FUNDS                                       $           593,869.72

       Class B Monthly Interest                                     $           129,579.90
       Class B Servicing Fee                                        $            51,041.67

TOTAL CLASS B EXCESS SPREAD                                         $           413,248.15

EXCESS SPREAD --

TOTAL EXCESS SPREAD                                                 $         1,769,838.59

       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                       $           286,864.63

       Excess Spread Applied to Class B Investor                    $                 0.00
       Charge Offs


</TABLE>
<PAGE>

                                                                          Page 4

<TABLE>
<S>                                                                 <C>
       Excess Spread Applied to Monthly Cash                        $            18,502.60
       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                                                         $         1,464,471.36

EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --

TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I                                                   $         4,086,060.94

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)                                                     7.12%
       Base Rate (Prior Month)                                                       7.14%
       Base Rate (Two Months Ago)                                                    7.15%

THREE MONTH AVERAGE BASE RATE                                                        7.14%

       Portfolio Yield (Current Month)                                              12.03%
       Portfolio Yield (Prior Month)                                                12.51%
       Portfolio Yield (Two Months Ago)                                             15.63%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                 13.39%

PRINCIPAL COLLECTIONS --

CLASS A PRINCIPAL PERCENTAGE                                                        91.25%

       Class A Principal Collections                                $        36,608,060.01

CLASS B PRINCIPAL PERCENTAGE                                                         8.75%

       Class B Principal Collections                                $         3,510,361.92

TOTAL PRINCIPAL COLLECTIONS                                         $        40,118,421.93

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                 $        40,118,421.93
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
                                                          First Vice President


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