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EXHIBIT 99.04
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1995-1
RECEIVABLES
Beginning of the Month Principal Receivables: $ 1,097,531,558.70
Beginning of the Month Finance Charge Receivables: $ 56,711,481.18
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 1,154,243,039.88
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: $ 1,089,754,167.03
End of the Month Finance Charge Receivables: $ 55,569,062.66
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 1,145,323,229.69
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 172,687,500.00
End of the Month Seller Amount $ 917,066,667.03
End of the Month Seller Percentage 84.15%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 23,118,183.38
60-89 Days Delinquent $ 15,593,144.69
90+ Days Delinquent $ 32,976,252.30
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Total 30+ Days Delinquent $ 71,687,580.37
Delinquent Percentage 6.26%
Defaulted Accounts During the Month $ 9,958,614.89
Annualized Default Percentage 10.89%
Principal Collections 133,796,834.38
Principal Payment Rate 12.19%
Total Payment Rate 13.14%
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 $ 114,062,500.00
Class B Invested Amount $ 30,625,000.00
INVESTED AMOUNT $ 144,687,500.00
FLOATING ALLOCATION PERCENTAGE 15.26%
PRINCIPAL ALLOCATION PERCENTAGE 31.89%
MONTHLY SERVICING FEE $ 180,859.38
INVESTOR DEFAULT AMOUNT $ 1,519,834.01
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 81.72%
Class A Finance Charge Collections $ 2,385,162.30
Other Amounts $ 0.00
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TOTAL CLASS A AVAILABLE FUNDS $ 2,385,162.30
Class A Monthly Interest $ 660,287.22
Class A Servicing Fee $ 142,578.13
Class A Investor Default Amount $ 1,241,953.64
TOTAL CLASS A EXCESS SPREAD $ 340,343.31
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 18.28%
Class B Finance Charge Collections $ 537,165.88
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 537,165.88
Class B Monthly Interest $ 181,238.32
Class B Servicing Fee $ 38,281.25
TOTAL CLASS B EXCESS SPREAD $ 317,646.31
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 657,989.62
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 $ 277,880.37
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 4,472.06
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 $ 375,637.19
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 567,208.49
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
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YIELD AND BASE RATE --
Base Rate (Current Month) 7.83%
Base Rate (Prior Month) 7.60%
Base Rate (Two Months Ago) 7.56%
THREE MONTH AVERAGE BASE RATE 7.66%
Portfolio Yield (Current Month) 10.05%
Portfolio Yield (Prior Month) 11.78%
Portfolio Yield (Two Months Ago) 15.23%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.35%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 91.25%
Class A Principal Collections $ 38,934,010.81
CLASS B PRINCIPAL PERCENTAGE 8.75%
Class B Principal Collections $ 3,733,398.28
TOTAL PRINCIPAL COLLECTIONS $ 42,667,409.09
INVESTOR DEFAULT AMOUNT $ 1,519,834.01
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 22,812,500.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 22,812,500.00
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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 $ 21,374,743.10
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 $ 15,843,750.00
Available Cash Collateral Amount $ 15,843,750.00
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
First USA Bank, National Association,
as Servicer
By: /s/ TRACIE KLEIN
------------------------------
Tracie H. Klein
First Vice President
