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) April 17, 1998
AT&T Universal Funding Corp.
(Originator of the AT&T Universal Card Master Trust)
AT&T Universal Card Master Trust
(Issuer of the Asset Backed Certificates)
(Exact name of registrant as specified in its charter)
Delaware 33-93806 59-3325080
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
5201 Amelia Earhart Drive, Suite 1001
Salt Lake City, Utah 84116
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (801) 578-0619
N/A
(Former Name or Former Address, if Changed Since Last Report)
1
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Items 1-4. Not Applicable
Item 5. The Certificateholder Statements for the month ending
March 31, 1998 for the AT&T Universal Card Master Trust
Series 1995-1, Series 1995-2, Series 1995-3, Series 1996-1,
Series 1996-2, Series 1996-3, and Series 1997-1
Certificates were distributed on April 17, 1998.
Item 6. Not Applicable.
Item 7. Exhibits.
The following are filed as Exhibits to this Report under Exhibits 20.1,
20.2, 20.3, 20.4, 20.5, 20.6, and 20.7.
Exhibit 20.1 Monthly Servicing Report dated
April 17, 1998 with respect
to the
AT&T Universal Card Master
Trust
Series 1995-1.
Exhibit 20.2 Monthly Servicing Report dated
April 17, 1998 with respect
to the
AT&T Universal Card Master
Trust
Series 1995-2.
Exhibit 20.3 Monthly Servicing Report dated
April 17, 1998 with respect
to the
AT&T Universal Card Master
Trust
Series 1995-3.
Exhibit 20.4 Monthly Servicing Report dated
April 17, 1998 with respect
to the
AT&T Universal Card Master
Trust
Series 1996-1.
Exhibit 20.5 Monthly Servicing Report dated
April 17, 1998 with respect
to the
AT&T Universal Card Master
Trust
Series 1996-2.
2
<PAGE>
Exhibit 20.6 Monthly Servicing Report dated
April 17, 1998 with respect
to the AT&T Universal Master Trust Series
1996-3.
Exhibit 20.7 Monthly Servicing Report dated
April 17, 1998 with respect
to the AT&T Universal Master Trust Series
1997-1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
AT&T UNIVERSAL FUNDING CORP.
By: /s/Thomas F. Donahue
Name: Thomas F. Donahue
Title: Vice President
3
<PAGE>
EXHIBIT INDEX
Exhibit Description Page
20.1 Monthly Servicing Report dated
April 17, 1998 with respect to the
AT&T Universal Card Master Trust
Series 1995-1.
20.2 Monthly Servicing Report dated
April 17, 1998 with respect to the
AT&T Universal Card Master Trust
Series 1995-2.
20.3 Monthly Servicing Report dated
April 17, 1998 with respect to the
AT&T Universal Card Master Trust
Series 1995-3.
20.4 Monthly Servicing Report dated
April 17, 1998 with respect to the
AT&T Universal Card Master Trust
Series 1996-1.
20.5 Monthly Servicing
Report dated
April 17, 1998 with
respect to the
AT&T Universal Card
Master Trust
Series 1996-2.
20.6 Monthly Servicing
Report dated
April 17, 1998 with
respect to the AT&T Universal Card Master Trust
Series
1996-3.
20.7 Monthly Servicing
Report dated
April 17, 1998 with
respect to the AT&T Universal Card Master Trust
Series
1997-1.
g:\ucslaw\duncan\securi\8-k0498.doc
4
<PAGE>
AT&T Universal Funding Corporation
Credit Card Asset Backed Securities
AT&T Universal Card Master Trust
Series 1995-1
Monthly Report 31-Mar-98
Distribution Date 17-Apr-98
-------------------------------------------------------------------------
Monthly Trust Activity Class A Class B
Beginning Principal Receivables
Balance
Special Funding Account Balance
Beginning Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 870,000,000.00 60,000,000.00
Amount
Floating Allocation Percentage 87.0000000% 6.0000000%
Principal Allocation Percentage 87.0000000% 6.0000000%
Finance Charge Collections 13,018,602.46 897,834.65
Total Yield
Trust Portfolio Yield
Principal Collections 155,380,401.00 10,715,889.72
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 4,388,223.10 302,636.08
Monthly Default Rate
Net Monthly Default Rate
Recoveries 701,068.82 48,349.57
Adjustments
New Receivables
Ending Principal Receivables Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00 0.00
Reimbursed Principal 0.00 0.00
Ending Invested/Transferor Amounts 870,000,000.00 60,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1995-1 Series 1995-3
Invested Amount 1,000,000,000.00 750,000,000.00
Average Rate 5.73198% 5.83718%
Investor Finance Charge Collections 15,769,737.10 11,827,302.83
Investor Principal Collections 178,598,162.07 133,948,621.55
Investor Default Amount Due 5,043,934.60 3,782,950.95
Investor Monthly Interest Due 4,935,867.36 3,769,842.19
Investor Monthly Fees Due 1,666,666.67 1,250,000.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements Class A Class B
Investor Coupon 5.70500% 5.82500%
Investor Monthly Interest Due 4,273,995.83 300,958.33
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 4,273,995.83 300,958.33
Investor Default Amount Due 4,388,223.10 302,636.08
Investor Monthly Fees Due 1,450,000.00 100,000.00
Investor Additional Amounts Due 0.00 0.00
Total Due 10,112,218.94 703,594.41
-------------------------------------------------------------------------
Reallocated Investor Finance Charge
Collections
Interest/Principal/Spread
Investment Proceeds
Series Adjusted Portfolio Yield
Base Rate
-------------------------------------------------------------------------
Application of Collections Class A Class B
Available Funds 13,687,408.25 943,959.19
Monthly Interest Paid 4,273,995.83 300,958.33
Investor Default Amount Paid 4,388,223.10 0.00
Excess Spread 5,025,189.32 643,000.86
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00 0.00
Investor Default Amount Shortfall 0.00 302,636.08
Required Amount 0.00 302,636.08
-------------------------------------------------------------------------
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 302,636.08
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid
Excess Finance Charge Collections
-------------------------------------------------------------------------
Reallocated Principal 0
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00 0.00
Principal Charge-Offs 0.00 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount
Principal Funding Account Deposit
Principal Funding Account Balance
-------------------------------------------------------------------------
Certificates Class A Class B
Beginning Certificates Balance 870,000,000.00 60,000,000.00
Interest Distribution 0.00 0.00
Principal Distribution 0.00 0.00
Total Distribution 0.00 0.00
Ending Certificate Balance 870,000,000.00 60,000,000.00
Pool Factor 100.000000% 100.000000%
Total Distribution Per 1,000 0.0000 0.0000
Certificate
Interest Distribution Per 1,000 0.0000 0.0000
Certificate
Principal Distribution Per 1,000 0.0000 0.0000
Certificate
1st Collection Account Deposit 3,860,383.33 271,833.33
2nd Collection Accounts Deposit 4,273,995.83 300,958.33
3rd Collection Accounts Deposit 0.00 0.00
Quarterly Interest Distribution 8,134,379.16 572,791.66
Delinquencies 1-30 31-60
Number of Accounts 193,540 40,433
Balance of Accounts 452,213,147 113,983,489
31+Days Delinquency Rate 3.0847%
Change in Account Owner Retained 0.0009%
Interest
Prior Month Account Owner Retained 0.2839%
Interest Factor
Current Month Account Owner 0.2848%
Retained Interest Factor
5
<PAGE>
Monthly Trust Activity CIA Investor Investor
Interest
Beginning Principal Receivables
Balance
Special Funding Account Balance
Beginning Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 70,000,000.00 1,000,000,000.00
Amount
Floating Allocation Percentage 7.0000000% 72.3893794%
Principal Allocation Percentage 7.0000000% 72.3893794%
Finance Charge Collections 1,047,473.76 14,963,910.88
Total Yield
Trust Portfolio Yield
Principal Collections 12,501,871.34 178,598,162.07
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 353,075.42 5,043,934.60
Monthly Default Rate
Net Monthly Default Rate
Recoveries 56,407.84 805,826.23
Adjustments
New Receivables
Ending Principal Receivables Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00
Reimbursed Principal 0.00
Ending Invested/Transferor Amounts 70,000,000.00 1,000,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1996-1 Series 1996-2
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.78093% 5.73368%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 4,978,018.75 4,937,331.25
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements CIA Investor Total
Investor Coupon 5.98750%
Investor Monthly Interest Due 360,913.19 4,935,867.36
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 360,913.19 4,935,867.36
Investor Default Amount Due 353,075.42 5,043,934.60
Investor Monthly Fees Due 116,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
Total Due 830,655.28 11,646,468.63
-------------------------------------------------------------------------
Reallocated Investor Finance Charge 15,732,653.17
Collections
Interest/Principal/Spread 0.00
Investment Proceeds
Series Adjusted Portfolio Yield 12.83%
Base Rate 7.92%
-------------------------------------------------------------------------
Application of Collections CIA Investor Total
Available Funds 1,101,285.72 15,732,653.17
Monthly Interest Paid 0.00 4,574,954.17
Investor Default Amount Paid 0.00 4,388,223.10
Excess Spread 1,101,285.72 6,769,475.90
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00
Investor Default Amount Shortfall 302,636.08
Required Amount 302,636.08
-------------------------------------------------------------------------
Monthly Interest Paid 360,913.19 360,913.19
Investor Default Paid 353,075.42 655,711.50
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid 1,666,666.67
Excess Finance Charge Collections 4,086,184.54
-------------------------------------------------------------------------
Reallocated Principal 0.00 0.00
Monthly Interest Paid
Investor Default Paid 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00
Principal Charge-Offs 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount 0.00
Principal Funding Account Deposit 0.00
Principal Funding Account Balance 0.00
-------------------------------------------------------------------------
Certificates CIA Investor Total
Beginning Certificates Balance 70,000,000.00 1,000,000,000.00
Interest Distribution 360,913.19 360,913.19
Principal Distribution 0.00 0.00
Total Distribution 360,913.19 360,913.19
Ending Certificate Balance 70,000,000.00 1,000,000,000.00
Pool Factor 100.000000%
Total Distribution Per 1,000 5.1559
Certificate
Interest Distribution Per 1,000 5.1559
Certificate
Principal Distribution Per 1,000 0.0000
Certificate
1st Collection Account Deposit 4,132,216.66
2nd Collection Accounts Deposit 4,574,954.17
3rd Collection Accounts Deposit 0.00
Quarterly Interest Distribution 8,707,170.83
Delinquencies 61-90 91-120
Number of Accounts 21,846 15,697
Balance of Accounts 71,146,861 54,302,485
31+Days Delinquency Rate
Change in Account Owner Retained .. 0.00 CIA Investor Interest Reduced Margin
Interest
6
<PAGE>
Monthly Trust Activity Transferor Series
Interest Allocations
Beginning Principal Receivables
Balance
Special Funding Account Balance
Beginning Total Principal Balance
Series Allocation Percentage 13.33%
Beginning Invested /Transferor 381,418,114.65 1,381,418,114.65
Amount
Floating Allocation Percentage 27.6106206% 100.0000000%
Principal Allocation Percentage 27.6106206% 100.0000000%
Finance Charge Collections 5,707,506.67 20,671,417.55
Total Yield
Trust Portfolio Yield
Principal Collections 68,120,574.26 246,718,736.33
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 1,923,848.03 6,967,782.63
Monthly Default Rate
Net Monthly Default Rate
Recoveries 307,356.72 1,113,182.95
Adjustments
New Receivables
Ending Principal Receivables Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 338,308,498.51 1,338,308,498.51
-------------------------------------------------------------------------
Group I Information Series 1996-3 Series 1997-1
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.82450% 5.75978%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 5,015,541.67 4,957,868.75
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Delinquencies 121+ Total
Number of Accounts 22,199 293,715
Balance of Accounts 80,166,235 771,812,217.04
7
<PAGE>
Monthly Trust Activity Trust
Totals
Beginning Principal Receivables 10,360,635,859.87
Balance
Special Funding Account Balance 0.00
Beginning Total Principal Balance 10,360,635,859.87
Series Allocation Percentage
Beginning Invested /Transferor
Amount
Floating Allocation Percentage
Principal Allocation Percentage
Finance Charge Collections 155,035,631.62
Total Yield 17.96%
Trust Portfolio Yield 12.87%
Principal Collections 1,850,390,522.45
Discount Percentage 0.00%
Discount Option Receivable 0.00
Collections
Monthly Payment Rate 17.86%
Defaults 52,258,369.70
Monthly Default Rate 6.05%
Net Monthly Default Rate 5.09%
Recoveries 8,348,872.12
Adjustments (29,030,111.81)
New Receivables 1,550,296,659.29
Ending Principal Receivables Balance 10,037,313,738.82
Minimum Series Required Balance 1,070,000,000.00
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,037,313,738.82
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 10,037,313,738.82
-------------------------------------------------------
Group I Information Group Total
Invested Amount 5,750,000,000.00
Average Rate 5.77543%
Investor Finance Charge Collections 90,675,988.35
Investor Principal Collections 1,026,939,431.90
Investor Default Amount Due 29,002,623.95
Investor Monthly Interest Due 28,594,469.97
Investor Monthly Fees Due 9,583,333.33
Investor Additional Amounts Due 0.00
-------------------------------------------------------
8
<PAGE>
Group: Group 1
Series: Series 1995-1
Supplement Date: 01-Aug-95
MONTHLY STATEMENT
AT&T UNIVERSAL CARD MASTER TRUST
SERIES 1995-1
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(hereinafter as such agreement may have been or may be from time to time,
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
AT&T Universal Card Services Corp. ("UCS") as Servicer, AT&T Universal Funding
Corp. ("Funding"), as Transferor, and Bankers Trust Company, as trustee (the
'Trustee'), as supplemented by the Series 1995-1 Supplement dated as of 08/01/95
(the "Supplement") among UCS, Funding and the Trustee, as Servicer is required
to prepare certain information each month regarding current distributions to the
Series 1995-1 Certificateholders and the performance of the AT&T Universal Card
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the Distribution Date of 04/17/98 with
respect to the performance of the Trust during the month of 03/01/98 to 03/31/98
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 and the Supplement.
A) Information regarding distribution
in
respect of the Class A Certificates
per $1,000 original certificate
principal amount.
(1) The total amount of the
distribution in respect of Class A
Certificates, per $1,000 original
certificate principal amount 0
(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 0
(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
C-1
9
<PAGE>
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs 0
(2) The amount of Class A Investors
Charge Offs set forth in paragraph 1
above, per $1,000 original
certificate
principal amount 0
(3) The total amount reimbursed in
respect of Class A Investor Charge
Offs 0
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount 0
(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
C) Information regarding distributions
in
respect of the Class B Certificates,
per $1,000 original certificate
principal amount
(1) The total amount of the
distribution in respect of Class B
Certificates, per $1,000 original
certificate principal amount 0
(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 0
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class B
Certificates, per $1,000 original
certificate principal amount 0
D) Amount of reductions in Class B
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount
(1) The amount of reductions in Class
B Invested Amount pursuant to
clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount 0
C-2
10
<PAGE>
(2) The amount of reductions in
the Class B Invested Amount set
forth
in paragraph 1 above, per $1,000
original certificate principal 0
amount
(3) The total amount reimbursed in
respect of such reductions in the
Class B Invested Amount 0
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount 0
(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
E) Information regarding certain
distributions to the Collateral
Interest Holder
(1) The amount distributed to the
Collateral Interest Holder in
respect
of interest on the Collateral
Invested
Amount 360,913.19
(2) The amount distributed to the
Collateral Interest Holder in
respect
of principal on the Collateral
Invested Amount 0
F) Amount of reductions in Collateral
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Collateral Invested Amount
(1) The amount of reductions in the
Collateral Invested Amount pursuant
to
clauses (c), (d), and (e) of the
definition of Collateral Invested
Amount 0
(2) The total amount reimbursed in
respect of such reductions in the
Collateral Invested Amount 0
AT&T UNIVERSAL CARD SERVICES CORP.,
Servicer
By ___/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
C-3
11
<PAGE>
RECEIVABLES ---
Beginning of the Month Principal 10,360,635,859.87
Receivables:
Beginning of the Month Finance Charge 97,353,930.83
Receivables:
Beginning of the Month Discounted 0.00
Receivables:
Beginning of the Month Premium 0.00
Receivables:
Beginning of the Month Total Receivables: 10,457,989,790.70
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 0.00
Period:
Premium Receivables Generated this 0.00
Period:
End of the Month Principal Receivables: 10,037,313,738.82
End of the Month Finance Charge 87,629,238.03
Receivables:
End of the Month Discounted Receivables: 0.00
End of the Month Premium Receivables: 0.00
End of the Month Total Receivables: 10,124,942,976.85
Special Funding Account Balance 0.00
Aggregate Invested Amount (all Master 7,500,000,000.00
Trust Series)
End of the Month Transferor Amount 338,308,498.51
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
31-60 Days Delinquent 113,983,488.90
61-90 Days Delinquent 71,146,861.19
91+ Days Delinquent 134,468,719.79
Total 31+ Days Delinquent 319,599,069.88
Defaulted Accounts During the Month 52,258,369.70
C-4
12
<PAGE>
INVESTED AMOUNTS ---
Class A Initial Invested Amount $870,000,000
Class B Initial Invested Amount $60,000,000
Collateral Initial Invested Amount $70,000,000
INITIAL INVESTED AMOUNT 1,000,000,000.00
Class A Invested Amount $870,000,000.00
Class B Invested Amount $60,000,000.00
Collateral Invested Amount $70,000,000.00
INVESTED AMOUNT 1,000,000,000.00
Class A Adjusted Invested Amount $870,000,000.00
Class B Adjusted Invested Amount $60,000,000.00
Collateral Invested Amount $70,000,000.00
ADJUSTED INVESTED AMOUNT 1,000,000,000.00
MONTHLY SERVICING FEE 1,666,666.67
INVESTOR DEFAULT AMOUNT 5,043,934.60
GROUP 1 INFORMATION
WEIGHTED AVERAGE CERTIFICATE RATE FOR 5.76%
ALL SERIES
IN GROUP 1
GROUP 1 INVESTOR FINANCE CHARGE 15,769,737.10
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS 0.00
GROUP 1 INVESTOR DEFAULT AMOUNT 5,043,934.60
GROUP 1 INVESTOR MONTHLY FEES 1,666,666.67
GROUP 1 INVESTOR MONTHLY INTEREST 4,957,868.75
SERIES 1995-1 INFORMATION
SERIES 1995-1 ALLOCATION PERCENTAGE 13.33%
SERIES 1995-1 ALLOCABLE FINANCE CHARGE 20,671,417.55
COLLECTIONS
SERIES 1995-1 ADDITIONAL AMOUNTS 0.00
SERIES 1995-1 ALLOCABLE DEFAULTED AMOUNT 6,967,782.63
SERIES 1995-1 MONTHLY FEES 1,666,666.67
SERIES 1995-1 ALLOCABLE PRINCIPAL 246,718,736.33
COLLECTIONS
SERIES 1995-1 REQUIRED TRANSFEROR AMOUNT 70,000,000.00
FLOATING ALLOCATION PERCENTAGE 72.39%
C-5
13
<PAGE>
INVESTOR FINANCE CHARGE COLLECTIONS 14,963,910.88
INVESTOR DEFAULT AMOUNT 5,043,934.60
REALLOCATED INVESTOR FINANCE CHARGE 15,732,653.17
COLLECTIONS
PRINCIPAL ALLOCATIONS PERCENTAGE 72.39%
AVAILABLE PRINCIPAL COLLECTIONS 178,598,162.07
CLASS A AVAILABLE FUNDS ---
CLASS A FLOATING PERCENTAGE 87.00%
Class A Floating Percentage of $13,687,408.25
Reallocated
Investor Finance Charge Collections
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS 13,687,408.25
Class A Monthly Interest $4,273,995.83
Class A Servicing Fee (if applicable) $0.00
Class A Investor Default Amount $4,388,223.10
TOTAL CLASS A EXCESS SPREAD 5,025,189.32
CLASS A REQUIRED AMOUNT 0.00
CLASS B AVAILABLE FUNDS ---
CLASS B FLOATING PERCENTAGE 6.00%
CLASS B AVAILABLE FUNDS 943,959.19
Class B Monthly Interest $300,958.33
Class B Servicing Fee (if applicable) $0.00
TOTAL CLASS B EXCESS SPREAD 643,000.86
COLLATERAL AVAILABLE FUNDS --
COLLATERAL FLOATING PERCENTAGE 7.00%
COLLATERAL AVAILABLE FUNDS 1,101,285.72
Collateral Interest Servicing Fee 0.00
(if applicable)
TOTAL COLLATERAL EXCESS SPREAD 1,101,285.72
EXCESS SPREAD ---
TOTAL EXCESS SPREAD 6,769,475.90
C-6
14
<PAGE>
Excess Spread Applied to Class A 0.00
Required Amount
Excess Spread Applied to Class A 0.00
Investor Charge
Offs
Excess Spread Applied to Class B 302,636.08
Required Amount
Excess Spread Applied to Reductions of 0.00
Class B
Invested Amount pursuant to clauses (c),
(d) and (e)
Excess Spread Applied to Collateral 360,913.19
Monthly
Interest
Excess Spread Applied to Unpaid Monthly 1,666,666.67
Servicing Fee
Excess Spread Applied Collateral Default 353,075.42
Amount
Excess Spread Applied to Reductions of 0.00
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account 0.00
Excess Spread Applied to Other Amounts 0.00
Owed to
Collateral Interest Holder
TOTAL EXCESS FINANCE CHARGE COLLECTIONS
ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES 4,086,184.54
EXCESS FINANCE CHARGES COLLECTIONS
TOTAL EXCESS FINANCE CHARGE COLLECTIONS 30,751,311.29
FOR ALL ALLOCATION SERIES
SERIES 1995-1 EXCESS FINANCE CHARGE
COLLECTIONS ---
EXCESS FINANCE CHARGE COLLECTIONS 0.00
ALLOCATED TO SERIES 1995-1
Excess Finance Charge Collections 0.00
Applied to
Class A Required Amount
Excess Finance Charge Collections 0.00
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections 0.00
Applied to
Class B Required Amount
Excess Finance Charge Collections 0.00
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections 0.00
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections 0.00
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections 0.00
Applied to
Collateral Default Amount
C-7
15
<PAGE>
Excess Finance Charge Collections 0.00
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections 0.00
Applied to
Reserve Account
Excess Finance Charge Collections 0.00
Applied to
Other Amounts Owed to Collateral
Interest Holder
YIELD AND BASE RATE---
Base Rate (Current Month) 7.92%
Base Rate (Prior Month) 7.35%
Base Rate (Two Months Ago) 7.56%
THREE MONTH AVERAGE BASE RATE 7.61%
Series Adj Portfolio Yield (Curr Month) 12.83%
Series Adj Portfolio Yield (Prior Month) 10.48%
Series Adj Port Yield (Two Months Ago) 11.86%
THREE MONTH AVERAGE SERIES ADJUSTED 11.72%
PORTFOLIO
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 87.00%
Class A Principal Collections $155,380,401.00
CLASS B PRINCIPAL PERCENTAGE 6.00%
Class B Principal Collections $10,715,889.72
COLLATERAL PRINCIPAL PERCENTAGE 7.00%
Collateral Principal Collections $12,501,871.34
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
REALLOCATED PRINCIPAL COLLECTIONS 0.00
SERIES 1995-1 PRINCIPAL SHORTFALL 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE 0.00
FROM OTHER
PRINCIPAL SHARING SERIES
C-8
16
<PAGE>
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT 0.00
PRINCIPAL FUNDING ACCOUNT BALANCE 0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE 183,642,096.67
FOR OTHER
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS 0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT 0.00
(OTHER THAN
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT 0.00
(OTHER
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED 0.00
PREVIOUS CLASS B INVESTED AMOUNT 0.00
REDUCTIONS
REIMBURSED
PREVIOUS COLLATERAL INVESTED AMOUNT 0.00
REDUCTIONS
REIMBURSED
AT&T UNIVERSAL CARD SERVICES CORP.,
as Servicer
By: ___/s/Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
17
<PAGE>
AT&T Universal Funding Corporation
Credit Card Asset Backed Securities
AT&T Universal Card Master Trust
Series 1995-2
Monthly Report 31-Mar-98
Distribution Date 17-Apr-98
-------------------------------------------------------------------------
Monthly Trust Activity Class A Class B
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 675,000,000.00 35,625,000.00
Amount
Floating Allocation Percentage 90.0000000% 4.7500000%
Principal Allocation Percentage 90.0000000% 4.7500000%
Finance Charge Collections 10,100,639.84 533,089.32
Total Yield
Trust Portfolio Yield
Principal Collections 120,553,759.40 6,362,559.52
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 3,404,655.86 179,690.17
Monthly Default Rate
Net Monthly Default Rate
Recoveries 543,932.70 28,707.56
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00 0.00
Reimbursed Principal 0.00 0.00
Ending Invested/Transferor Amounts 675,000,000.00 35,625,000.00
-------------------------------------------------------------------------
Group II Information Series 1995-2 Series
Invested Amount 750,000,000.00 0.00
Average Rate 5.96172% 0.0000%
Investor Finance Charge Collections 11,827,302.83 0.00
Investor Principal Collections 133,948,621.55 0.00
Investor Default Amount Due 3,782,950.95 0.00
Investor Monthly Interest Due 3,732,677.73 0.00
Investor Monthly Fees Due 1,250,000.00 0.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements Class A Class B
Investor Coupon 5.95000% 6.10000%
Investor Monthly Interest Due 3,346,875.00 181,093.75
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 3,346,875.00 181,093.75
Investor Default Amount Due 3,404,655.86 179,690.17
Investor Monthly Fees Due 1,125,000.00 59,375.00
Investor Additional Fees Due 0.00 0.00
Total 7,876,530.86 420,158.92
-------------------------------------------------------------------------
Reallocated Investor Finance Charge
Collections
Interest/Principal/Spread
Investment Proceeds
Series Adjusted Portfolio Yield
Base Rate
-------------------------------------------------------------------------
Application of Collections Class A Class B
Available Funds 10,644,572.64 561,796.88
Monthly Interest Paid 3,346,875.00 181,093.75
Investor Default Amount Paid 3,404,655.86 0.00
Excess Spread 3,893,041.78 380,703.13
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00 0.00
Investor Default Amount Shortfall 0.00 179,690.17
Required Amount 0.00 179,690.17
-------------------------------------------------------------------------
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 179,690.17
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid
Excess Finance Charge Collections
-------------------------------------------------------------------------
Reallocated Principal 0.00
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00 0.00
Principal Charge-Offs 0.00 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount
Principal Funding Account Deposit
Principal Funding Account Balance
-------------------------------------------------------------------------
Certificates Class A Class B
Beginning Certificates Balance 675,000,000.00 35,625,000.00
Interest Distribution 3,346,875.00 181,093.75
Principal Distribution 0.00 0.00
Total Distribution 3,346,875.00 181,093.75
Ending Certificate Balance 675,000,000.00 35,625,000.00
Pool Factor 100.000000% 100.000000%
Total Distribution Per 1,000 4.9583 5.0833
Certificate
-------------------------------------------------------------------------
Interest Distribution Per 1,000 4.9583 5.0833
Certificate
Principal Distribution Per 1,000 0.0000 0.0000
Certificate
Delinquencies 1-30 31-60
Number of Accounts 193,540 40,433
Balance of Accounts 452,213,147 113,983,489
31+Days Delinquency Rate 3.0847%
Change in Account Owner Retained 0.0009%
Interest
Prior Month Account Owner Retained 0.2839%
Interest Factor
Current Month Account Owner 0.2848%
Retained Interest Factor
18
<PAGE>
Monthly Trust Activity CIA Investor Investor
Interest
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 39,375,000.00 750,000,000.00
Amount
Floating Allocation Percentage 5.2500000% 72.3893794%
Principal Allocation Percentage 5.2500000% 72.3893794%
Finance Charge Collections 589,203.99 11,222,933.16
Total Yield
Trust Portfolio Yield
Principal Collections 7,032,302.63 133,948,621.55
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 198,604.92 3,782,950.95
Monthly Default Rate
Net Monthly Default Rate
Recoveries 31,729.41 604,369.67
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00
Reimbursed Principal 0.00
Ending Invested/Transferor Amounts 39,375,000.00 750,000,000.00
-------------------------------------------------------------------------
Group II Information Series Series
Invested Amount 0.00 0.00
Average Rate 0.0000% 0.0000%
Investor Finance Charge Collections 0.00 0.00
Investor Principal Collections 0.00 0.00
Investor Default Amount Due 0.00 0.00
Investor Monthly Interest Due 0.00 0.00
Investor Monthly Fees Due 0.00 0.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements CIA Investor Total
Investor Coupon 6.03750%
Investor Monthly Interest Due 204,708.98 3,732,677.73
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 204,708.98 3,732,677.73
Investor Default Amount Due 198,604.92 3,782,950.95
Investor Monthly Fees Due 65,625.00 1,250,000.00
Investor Additional Fees Due 0.00 0.00
Total 468,938.91 8,765,628.68
-------------------------------------------------------------------------
Reallocated Investor Finance Charge 11,827,302.83
Collections
Interest/Principal/Spread 0.09
Investment Proceeds
Series Adjusted Portfolio Yield 12.87%
Base Rate 7.97%
-------------------------------------------------------------------------
Application of Collections CIA Investor Total
Available Funds 620,933.40 11,827,302.92
Monthly Interest Paid 0.00 3,527,968.75
Investor Default Amount Paid 0.00 3,404,655.86
Excess Spread 620,933.40 4,894,678.31
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00
Investor Default Amount Shortfall 179,690.17
Required Amount 179,690.17
-------------------------------------------------------------------------
Monthly Interest Paid 204,708.98 204,708.98
Investor Default Paid 198,604.92 378,295.10
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid 1,250,000.00
Excess Finance Charge Collections 3,061,674.23
-------------------------------------------------------------------------
Reallocated Principal 0.00 0.00
Monthly Interest Paid
Investor Default Paid 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00
Principal Charge-Offs 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount 0.00
Principal Funding Account Deposit 0.00
Principal Funding Account Balance 0.00
-------------------------------------------------------------------------
Certificates CIA Investor Total
Beginning Certificates Balance 39,375,000.00 750,000,000.00
Interest Distribution 204,708.98 3,732,677.73
Principal Distribution 0.00 0.00
Total Distribution 204,708.98 3,732,677.73
Ending Certificate Balance 39,375,000.00 750,000,000.00
Pool Factor 100.000000%
Total Distribution Per 1,000 5.1990
Certificate
-------------------------------------------------------------------------
Interest Distribution Per 1,000 5.1990
Certificate
Principal Distribution Per 1,000 0.0000
Certificate
Delinquencies 61-90 91-120
Number of Accounts 21,846 15,697
Balance of Accounts 71,146,861 54,302,485
31+Days Delinquency Rate
Change in Account Owner Retained .. 0.00 CIA Investor Interest Reduced Margin
Interest
19
<PAGE>
Monthly Trust Activity Transferor Series
Interest Allocations
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage 10.00%
Beginning Invested /Transferor 286,063,585.99 1,036,063,585.99
Amount
Floating Allocation Percentage 27.6106206% 100.0000000%
Principal Allocation Percentage 27.6106206% 100.0000000%
Finance Charge Collections 4,280,630.01 15,503,563.16
Total Yield
Trust Portfolio Yield
Principal Collections 51,090,430.69 185,039,052.24
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 1,442,886.02 5,225,836.97
Monthly Default Rate
Net Monthly Default Rate
Recoveries 230,517.54 834,887.21
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 253,731,373.88 1,003,731,373.88
-------------------------------------------------------------------------
Group II Information Group Total
Invested Amount 750,000,000.00
Average Rate 5.96172%
Investor Finance Charge Collections 11,827,302.83
Investor Principal Collections 133,948,621.55
Investor Default Amount Due 3,782,950.95
Investor Monthly Interest Due 3,732,677.73
Investor Monthly Fees Due 1,250,000.00
Investor Additional Amounts Due 0.00
-------------------------------------------------------------------------
Delinquencies 121+ Total
Number of Accounts 22,199 293,715
Balance of Accounts 80,166,235 771,812,217.04
20
<PAGE>
Monthly Trust Activity Trust
Totals
Beginning Principal Receivables 10,360,635,859.87
Balance
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,360,635,859.87
Series Allocation Percentage
Beginning Invested /Transferor
Amount
Floating Allocation Percentage
Principal Allocation Percentage
Finance Charge Collections 155,035,631.62
Total Yield 17.96%
Trust Portfolio Yield 12.87%
Principal Collections 1,850,390,522.45
Discount Percentage 0.00%
Discount Option Receivable 0.00
Collections
Monthly Payment Rate 17.86%
Defaults 52,258,369.70
Monthly Default Rate 6.05%
Net Monthly Default Rate 5.09%
Recoveries 8,348,872.12
Adjustments (29,030,111.81)
New Receivables 1,550,296,659.29
Ending Principal Receivables 10,037,313,738.82
Balance
Minimum Series Required Balance 802,500,000.00
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,037,313,738.82
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 10,037,313,738.82
-------------------------------------------------------
21
<PAGE>
Group: Group II
Series: Series 1995-2
Supplement Date: 15-Nov-95
MONTHLY STATEMENT
AT&T UNIVERSAL CARD MASTER TRUST
SERIES 1995-2
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(hereinafter as such agreement may have been or may be from time to time,
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
AT&T Universal Card Services Corp. ("UCS") as Servicer, AT&T Universal Funding
Corp. ("Funding"), as Transferor, and Bankers Trust Company, as trustee (the
'Trustee'), as supplemented by the Series 1995-2 Supplement dated as of 11/15/95
(the "Supplement") among UCS, Funding and the Trustee, as Servicer is required
to prepare certain information each month regarding current distributions to the
Series 1995-2 Certificateholders and the performance of the AT&T Universal Card
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the Distribution Date of 04/17/98 with
respect to the performance of the Trust during the month of 03/01/98 to 03/31/98
is set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1995-2 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 and the Supplement.
A) Information regarding distribution
in
respect of the Class A Certificates
per $1,000 original certificate
principal amount.
(1) The total amount of the
distribution in respect of Class A
Certificates, per $1,000 original
certificate principal amount $4.95833333
(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 $4.95833333
(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 $0.00
C-1
22
<PAGE>
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $0.00
(2) The amount of Class A Investors
Charge Offs set forth in paragraph 1
above, per $1,000 original
certificate
principal amount $0.00
(3) The total amount reimbursed in
respect of Class A Investor Charge
Offs $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
C) Information regarding distributions
in
respect of the Class B Certificates,
per $1,000 original certificate
principal amount
(1) The total amount of the
distribution in respect of Class B
Certificates, per $1,000 original
certificate principal amount $5.08333333
(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 $5.08333333
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class B
Certificates, per $1,000 original
certificate principal amount $0.00
D) Amount of reductions in Class B
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount
(1) The amount of reductions in Class
B Invested Amount pursuant to
clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount $0.00
C-2
23
<PAGE>
(2) The amount of reductions in
the Class B Invested Amount set
forth
in paragraph 1 above, per $1,000
original certificate principal $0.00
amount
(3) The total amount reimbursed in
respect of such reductions in the
Class B Invested Amount $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
E) Information regarding certain
distributions to the Collateral
Interest Holder
(1) The amount distributed to the
Collateral Interest Holder in
respect
of interest on the Collateral
Invested
Amount $204,708.98
(2) The amount distributed to the
Collateral Interest Holder in
respect
of principal on the Collateral
Invested Amount $0.00
F) Amount of reductions in Collateral
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Collateral Invested Amount
(1) The amount of reductions in the
Collateral Invested Amount pursuant
to
clauses (c), (d), and (e) of the
definition of Collateral Invested
Amount $0.00
(2) The total amount reimbursed in
respect of such reductions in the
Collateral Invested Amount $0.00
AT&T UNIVERSAL CARD SERVICES CORP.,
Servicer
By ___/s/Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
C-3
24
<PAGE>
RECEIVABLES ---
Beginning of the Month Principal $10,360,635,859.87
Receivables:
Beginning of the Month Finance Charge $97,353,930.83
Receivables:
Beginning of the Month Discounted $0.00
Receivables:
Beginning of the Month Premium $0.00
Receivables:
Beginning of the Month Total Receivables: $10,457,989,790.70
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 $0.00
Period:
Premium Receivables Generated this $0.00
Period:
End of the Month Principal Receivables: $10,037,313,738.82
End of the Month Finance Charge $87,629,238.03
Receivables:
End of the Month Discounted Receivables: $0.00
End of the Month Premium Receivables: $0.00
End of the Month Total Receivables: $10,124,942,976.85
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master $7,500,000,000.00
Trust Series)
End of the Month Transferor Amount $253,731,373.88
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
31-60 Days Delinquent $113,983,488.90
61-90 Days Delinquent $71,146,861.19
91+ Days Delinquent $134,468,719.79
Total 31+ Days Delinquent $319,599,069.88
Defaulted Accounts During the Month $52,258,369.70
C-4
25
<PAGE>
INVESTED AMOUNTS ---
Class A Initial Invested Amount $675,000,000
Class B Initial Invested Amount $35,625,000
Collateral Initial Invested Amount $39,375,000
INITIAL INVESTED AMOUNT $750,000,000
Class A Invested Amount $675,000,000.00
Class B Invested Amount $35,625,000.00
Collateral Invested Amount $39,375,000.00
INVESTED AMOUNT $750,000,000
Class A Adjusted Invested Amount $675,000,000.00
Class B Adjusted Invested Amount $35,625,000.00
Collateral Invested Amount $39,375,000.00
ADJUSTED INVESTED AMOUNT $750,000,000
MONTHLY SERVICING FEE $1,250,000.00
INVESTOR DEFAULT AMOUNT $3,782,950.95
GROUP II INFORMATION
WEIGHTED AVERAGE CERTIFICATE RATE FOR 5.96%
ALL SERIES
IN GROUP II
GROUP II INVESTOR FINANCE CHARGE $11,827,302.83
COLLECTIONS
GROUP II INVESTOR ADDITIONAL AMOUNTS $0.00
GROUP II INVESTOR DEFAULT AMOUNT $3,782,950.95
GROUP II INVESTOR MONTHLY FEES $1,250,000.00
GROUP II INVESTOR MONTHLY INTEREST $3,732,677.73
SERIES 1995-2 INFORMATION
SERIES 1995-2 ALLOCATION PERCENTAGE 10.00%
SERIES 1995-2 ALLOCABLE FINANCE CHARGE $15,503,563.16
COLLECTIONS
SERIES 1995-2 ADDITIONAL AMOUNTS $0.00
SERIES 1995-2 ALLOCABLE DEFAULTED AMOUNT $5,225,836.97
SERIES 1995-2 MONTHLY FEES $1,250,000.00
SERIES 1995-2 ALLOCABLE PRINCIPAL $185,039,052.24
COLLECTIONS
SERIES 1995-2 REQUIRED TRANSFEROR AMOUNT $52,500,000.00
FLOATING ALLOCATION PERCENTAGE 72.39%
C-5
26
<PAGE>
INVESTOR FINANCE CHARGE COLLECTIONS $11,222,933.16
INVESTOR DEFAULT AMOUNT $3,782,950.95
REALLOCATED INVESTOR FINANCE CHARGE $11,827,302.83
COLLECTIONS
PRINCIPAL ALLOCATIONS PERCENTAGE 72.39%
AVAILABLE PRINCIPAL COLLECTIONS $133,948,621.55
CLASS A AVAILABLE FUNDS ---
CLASS A FLOATING PERCENTAGE 90.00%
Class A Floating Percentage of $10,644,572.64
Reallocated
Investor Finance Charge Collections
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $10,644,572.64
Class A Monthly Interest $3,346,875.00
Class A Servicing Fee (if applicable) $0.00
Class A Investor Default Amount $3,404,655.86
TOTAL CLASS A EXCESS SPREAD $3,893,041.78
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS ---
CLASS B FLOATING PERCENTAGE 4.75%
CLASS B AVAILABLE FUNDS $561,796.88
Class B Monthly Interest $181,093.75
Class B Servicing Fee (if applicable) $0.00
TOTAL CLASS B EXCESS SPREAD $380,703.13
COLLATERAL AVAILABLE FUNDS --
COLLATERAL FLOATING PERCENTAGE 5.25%
COLLATERAL AVAILABLE FUNDS $620,933.40
Collateral Interest Servicing Fee $0.00
(if applicable)
TOTAL COLLATERAL EXCESS SPREAD $620,933.40
EXCESS SPREAD ---
TOTAL EXCESS SPREAD $4,894,678.31
C-6
27
<PAGE>
Excess Spread Applied to Class A $0.00
Required Amount
Excess Spread Applied to Class A $0.00
Investor Chargeoffs
Excess Spread Applied to Class B $179,690.17
Required Amount
Excess Spread Applied to Reductions of $0.00
Class B
Invested Amount pursuant to clauses (c),
(d) and (e)
Excess Spread Applied to Collateral $204,708.98
Monthly
Interest
Excess Spread Applied to Unpaid Monthly $1,250,000.00
Servicing Fee
Excess Spread Applied Collateral Default $198,604.92
Amount
Excess Spread Applied to Reductions of $0.00
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to Other Amounts $0.00
Owed to
Collateral Interest Holder
TOTAL EXCESS FINANCE CHARGE COLLECTIONS
ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES $3,061,674.23
EXCESS FINANCE CHARGES COLLECTIONS
TOTAL EXCESS FINANCE CHARGE COLLECTIONS $30,751,311.29
FOR ALL ALLOCATION SERIES
SERIES 1995-2 EXCESS FINANCE CHARGE
COLLECTIONS ---
EXCESS FINANCE CHARGE COLLECTIONS $0.00
ALLOCATED TO SERIES 1995-2
Excess Finance Charge Collections $0.00
Applied to
Class A Required Amount
Excess Finance Charge Collections $0.00
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections $0.00
Applied to
Class B Required Amount
Excess Finance Charge Collections $0.00
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections $0.00
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections $0.00
Applied to
Collateral Default Amount
C-7
28
<PAGE>
Excess Finance Charge Collections $0.00
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Reserve Account
Excess Finance Charge Collections $0.00
Applied to
Other Amounts Owed to Collateral
Interest Holder
YIELD AND BASE RATE---
Base Rate (Current Month) 7.97%
Base Rate (Prior Month) 7.94%
Base Rate (Two Months Ago) 7.94%
THREE MONTH AVERAGE BASE RATE 7.95%
SerieMAR: (22 posting days / 5 Mondays) 12.87%
Adj
Portfolio
Yield
(Curr
Month)
SerieFEB: (20 posting days / 4 Mondays) 10.50%
Adj
Portfolio
Yield
(Prior
Month)
SerieJAN: (21 posting days / 4 Mondays) 11.78%
Adj
Port
Yield
(Two
Months
Ago)
THREE MONTH AVERAGE SERIES ADJUSTED 11.72%
PORTFOLIO
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 90.00%
Class A Principal Collections $120,553,759.40
CLASS B PRINCIPAL PERCENTAGE 4.75%
Class B Principal Collections $6,362,559.52
COLLATERAL PRINCIPAL PERCENTAGE 5.25%
Collateral Principal Collections $7,032,302.63
AVAILABLE PRINCIPAL COLLECTIONS $133,948,621.55
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1995-2 PRINCIPAL SHORTFALL $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE $0.00
FROM OTHER
PRINCIPAL SHARING SERIES
C-8
29
<PAGE>
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
PRINCIPAL FUNDING ACCOUNT BALANCE $0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE $137,731,572.50
FOR OTHER
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT $0.00
(OTHER THAN
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT $0.00
(OTHER
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
PREVIOUS COLLATERAL INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
AT&T UNIVERSAL CARD SERVICES CORP.,
as Servicer
By: ____/s/Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
30
<PAGE>
AT&T Universal Funding Corporation
Credit Card Asset Backed Securities
AT&T Universal Card Master Trust
Series 1995-3
Monthly Report 31-Mar-98
Distribution Date 17-Apr-98
-------------------------------------------------------------------------
Monthly Trust Activity Class A Class B
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 652,500,000.00 45,000,000.00
Amount
Floating Allocation Percentage 87.0000000% 6.0000000%
Principal Allocation Percentage 87.0000000% 6.0000000%
Finance Charge Collections 9,763,951.85 673,375.99
Total Yield
Trust Portfolio Yield
Principal Collections 116,535,300.75 8,036,917.29
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 3,291,167.33 226,977.06
Monthly Default Rate
Net Monthly Default Rate
Recoveries 525,801.61 36,262.18
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00 0.00
Reimbursed Principal 0.00 0.00
Ending Invested/Transferor Amounts 652,500,000.00 45,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1995-1 Series 1995-3
Invested Amount 1,000,000,000.00 750,000,000.00
Average Rate 5.73198% 5.83718%
Investor Finance Charge Collections 15,769,737.10 11,827,302.83
Investor Principal Collections 178,598,162.07 133,948,621.55
Investor Default Amount Due 5,043,934.60 3,782,950.95
Investor Monthly Interest Due 4,935,867.36 3,769,842.19
Investor Monthly Fees Due 1,666,666.67 1,250,000.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements Class A Class B
Investor Coupon 5.81500% 5.92500%
Investor Monthly Interest Due 3,267,303.13 229,593.75
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 3,267,303.13 229,593.75
Investor Default Amount Due 3,291,167.33 226,977.06
Investor Monthly Fees Due 1,087,500.00 75,000.00
Investor Additional Fees Due 0.00 0.00
Total 7,645,970.45 531,570.81
31
<PAGE>
-------------------------------------------------------------------------
Reallocated Investor Finance Charge
Collections
Interest/Principal/Spread
Investment Proceeds
Series Adjusted Portfolio Yield
Base Rate
-------------------------------------------------------------------------
Application of Collections Class A Class B
Available Funds 10,337,881.86 712,045.89
Monthly Interest Paid 3,267,303.13 229,593.75
Investor Default Amount Paid 3,291,167.33 0.00
Excess Spread 3,779,411.41 482,452.14
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00 0.00
Investor Default Amount Shortfall 0.00 226,977.06
Required Amount 0.00 226,977.06
-------------------------------------------------------------------------
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 226,977.06
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid
Excess Finance Charge Collections
-------------------------------------------------------------------------
Reallocated Principal 0.00
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00 0.00
Principal Charge-Offs 0.00 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount
Principal Funding Account Deposit
Principal Funding Account Balance
-------------------------------------------------------------------------
Certificates Class A Class B
Beginning Certificates Balance 652,500,000.00 45,000,000.00
Interest Distribution 9,169,528.13 644,343.75
Principal Distribution 0.00 0.00
Total Distribution 9,169,528.13 644,343.75
Ending Certificate Balance 652,500,000.00 45,000,000.00
Pool Factor 100.000000% 100.000000%
Total Distribution Per 1,000 14.0529 14.3188
Certificate
Interest Distribution Per 1,000 14.0529 14.3188
Certificate
Principal Distribution Per 1,000 0.0000 0.0000
Certificate
1st Collection Accounts Deposit 2,951,112.50 207,375.00
2nd Collection Accounts Deposit 2,951,112.50 207,375.00
3rd Collection Accounts Deposit 3,267,303.13 229,593.75
Quarterly Interest Distribution 9,169,528.13 644,343.75
Delinquencies 1-30 31-60
Number of Accounts 193,540 40,433
Balance of Accounts 452,213,147 113,983,489
31+Days Delinquency Rate 3.0847%
Change in Account Owner Retained 0.0009%
Interest
Prior Month Account Owner Retained 0.2839%
Interest Factor
Current Month Account Owner 0.2848%
Retained Interest Factor
32
<PAGE>
Monthly Trust Activity CIA Investor Investor
Interest
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 52,500,000.00 750,000,000.00
Amount
Floating Allocation Percentage 7.0000000% 72.3893794%
Principal Allocation Percentage 7.0000000% 72.3893794%
Finance Charge Collections 785,605.32 11,222,933.16
Total Yield
Trust Portfolio Yield
Principal Collections 9,376,403.51 133,948,621.55
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 264,806.57 3,782,950.95
Monthly Default Rate
Net Monthly Default Rate
Recoveries 42,305.88 604,369.67
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00
Reimbursed Principal 0.00
Ending Invested/Transferor Amounts 52,500,000.00 750,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1996-1 Series 1996-2
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.78093% 5.73368%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 4,978,018.75 4,937,331.25
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements CIA Investor Total
Investor Coupon 6.03750%
Investor Monthly Interest Due 272,945.31 3,769,842.19
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 272,945.31 3,769,842.19
Investor Default Amount Due 264,806.57 3,782,950.95
Investor Monthly Fees Due 87,500.00 1,250,000.00
Investor Additional Fees Due 0.00 0.00
Total 625,251.88 8,802,793.14
-------------------------------------------------------------------------
Reallocated Investor Finance Charge 11,867,431.54
Collections
Interest/Principal/Spread 13,216.42
Investment Proceeds
Series Adjusted Portfolio Yield 12.96%
Base Rate 8.03%
-------------------------------------------------------------------------
Application of Collections CIA Investor Total
Available Funds 830,720.21 11,880,647.96
Monthly Interest Paid 0.00 3,496,896.88
Investor Default Amount Paid 0.00 3,291,167.33
Excess Spread 830,720.21 5,092,583.76
33
<PAGE>
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00
Investor Default Amount Shortfall 226,977.06
Required Amount 226,977.06
-------------------------------------------------------------------------
Monthly Interest Paid 272,945.31 272,945.31
Investor Default Paid 264,806.57 491,783.62
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid 1,250,000.00
Excess Finance Charge Collections 3,077,854.82
-------------------------------------------------------------------------
Reallocated Principal 0.00 0.00
Monthly Interest Paid
Investor Default Paid 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00
Principal Charge-Offs 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount 0.00
Principal Funding Account Deposit 0.00
Principal Funding Account Balance 0.00
-------------------------------------------------------------------------
Certificates CIA Investor Total
Beginning Certificates Balance 52,500,000.00 750,000,000.00
Interest Distribution 272,945.31 10,086,817.19
Principal Distribution 0.00 0.00
Total Distribution 272,945.31 10,086,817.19
Ending Certificate Balance 52,500,000.00 750,000,000.00
Pool Factor 100.000000%
Total Distribution Per 1,000 5.1990
Certificate
Interest Distribution Per 1,000 5.1990
Certificate
Principal Distribution Per 1,000 0.0000
Certificate
1st Collection Accounts Deposit 3,158,487.50
2nd Collection Accounts Deposit 3,158,487.50
3rd Collection Accounts Deposit 3,496,896.88
Quarterly Interest Distribution 9,813,871.88
Delinquencies 61-90 91-120
Number of Accounts 21,846 15,697
Balance of Accounts 71,146,861 54,302,485
31+Days Delinquency Rate
Change in Account Owner Retained .. 0.00 CIA Investor Interest Reduced Margin
Interest
34
<PAGE>
Monthly Trust Activity Transferor Series
Interest Allocations
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage 10.00%
Beginning Invested /Transferor 286,063,585.99 1,036,063,585.99
Amount
Floating Allocation Percentage 27.6106206% 100.0000000%
Principal Allocation Percentage 27.6106206% 100.0000000%
Finance Charge Collections 4,280,630.01 15,503,563.16
Total Yield
Trust Portfolio Yield
Principal Collections 51,090,430.69 185,039,052.24
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 1,442,886.02 5,225,836.97
Monthly Default Rate
Net Monthly Default Rate
Recoveries 230,517.54 834,887.21
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 253,731,373.88 1,003,731,373.88
-------------------------------------------------------------------------
Group I Information Series 1996-3 Series 1997-1
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.82450% 5.75978%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 5,015,541.67 4,957,868.75
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Delinquencies 121+ Total
Number of Accounts 22,199 293,715
Balance of Accounts 80,166,235 771,812,217.04
35
<PAGE>
Monthly Trust Activity Trust
Totals
Beginning Principal Receivables 10,360,635,859.87
Balance
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,360,635,859.87
Series Allocation Percentage
Beginning Invested /Transferor
Amount
Floating Allocation Percentage
Principal Allocation Percentage
Finance Charge Collections 155,035,631.62
Total Yield 17.96%
Trust Portfolio Yield 12.87%
Principal Collections 1,850,390,522.45
Discount Percentage 0.00%
Discount Option Receivable 0.00
Collections
Monthly Payment Rate 17.86%
Defaults 52,258,369.70
Monthly Default Rate 6.05%
Net Monthly Default Rate 5.09%
Recoveries 8,348,872.12
Adjustments (29,030,111.81)
New Receivables 1,550,296,659.29
Ending Principal Receivables 10,037,313,738.82
Balance
Minimum Series Required Balance 802,500,000.00
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,037,313,738.82
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 10,037,313,738.82
-------------------------------------------------------
Group I Information Group Total
Invested Amount 5,750,000,000.00
Average Rate 5.77543%
Investor Finance Charge Collections 90,675,988.35
Investor Principal Collections 1,026,939,431.90
Investor Default Amount Due 29,002,623.95
Investor Monthly Interest Due 28,594,469.97
Investor Monthly Fees Due 9,583,333.33
Investor Additional Amounts Due 0.00
-------------------------------------------------------
36
<PAGE>
Group: Group 1
Series: Series 1995-3
Supplement Date: 15-Nov-95
MONTHLY STATEMENT
AT&T UNIVERSAL CARD MASTER TRUST
SERIES 1995-3
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(hereinafter as such agreement may have been or may be from time to time,
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
AT&T Universal Card Services Corp. ("UCS") as Servicer, AT&T Universal Funding
Corp. ("Funding"), as Transferor, and Bankers Trust Company, as trustee (the
'Trustee'), as supplemented by the Series 1995-3 Supplement dated as of 11/15/95
(the "Supplement") among UCS, Funding and the Trustee, as Servicer is required
to prepare certain information each month regarding current distributions to the
Series 1995-3 Certificateholders and the performance of the AT&T Universal Card
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the Distribution Date of 04/17/98 with
respect to the performance of the Trust during the month of 03/01/98 to 03/31/98
is set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1995-3 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 and the Supplement.
A) Information regarding distribution
in
respect of the Class A Certificates
per $1,000 original certificate
principal amount.
(1) The total amount of the
distribution in respect of Class A
Certificates, per $1,000 original
certificate principal amount $14.05291667
(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 $14.05291667
(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 $0.00
C-1
37
<PAGE>
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $0.00
(2) The amount of Class A Investors
Charge Offs set forth in paragraph 1
above, per $1,000 original
certificate
principal amount $0.00
(3) The total amount reimbursed in
respect of Class A Investor Charge
Offs $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
C) Information regarding distributions
in
respect of the Class B Certificates,
per $1,000 original certificate
principal amount
(1) The total amount of the
distribution in respect of Class B
Certificates, per $1,000 original
certificate principal amount $14.31875000
(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 $14.31875000
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class B
Certificates, per $1,000 original
certificate principal amount $0.00
D) Amount of reductions in Class B
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount
(1) The amount of reductions in Class
B Invested Amount pursuant to
clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount $0.00
C-2
38
<PAGE>
(2) The amount of reductions in
the Class B Invested Amount set
forth
in paragraph 1 above, per $1,000
original certificate principal $0.00
amount
(3) The total amount reimbursed in
respect of such reductions in the
Class B Invested Amount $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
E) Information regarding certain
distributions to the Collateral
Interest Holder
(1) The amount distributed to the
Collateral Interest Holder in
respect
of interest on the Collateral
Invested
Amount $272,945.31
(2) The amount distributed to the
Collateral Interest Holder in
respect
of principal on the Collateral
Invested Amount $0.00
F) Amount of reductions in Collateral
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Collateral Invested Amount
(1) The amount of reductions in the
Collateral Invested Amount pursuant
to
clauses (c), (d), and (e) of the
definition of Collateral Invested
Amount $0.00
(2) The total amount reimbursed in
respect of such reductions in the
Collateral Invested Amount $0.00
AT&T UNIVERSAL CARD SERVICES CORP.,
Servicer
By ____/s/Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
C-3
39
<PAGE>
RECEIVABLES ---
Beginning of the Month Principal $10,360,635,859.87
Receivables:
Beginning of the Month Finance Charge $97,353,930.83
Receivables:
Beginning of the Month Discounted $0.00
Receivables:
Beginning of the Month Premium $0.00
Receivables:
Beginning of the Month Total Receivables: $10,457,989,790.70
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 $0.00
Period:
Premium Receivables Generated this $0.00
Period:
End of the Month Principal Receivables: $10,037,313,738.82
End of the Month Finance Charge $87,629,238.03
Receivables:
End of the Month Discounted Receivables: $0.00
End of the Month Premium Receivables: $0.00
End of the Month Total Receivables: $10,124,942,976.85
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master $7,500,000,000.00
Trust Series)
End of the Month Transferor Amount $253,731,373.88
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
31-60 Days Delinquent $113,983,488.90
61-90 Days Delinquent $71,146,861.19
91+ Days Delinquent $134,468,719.79
Total 31+ Days Delinquent $319,599,069.88
Defaulted Accounts During the Month $52,258,369.70
C-4
40
<PAGE>
INVESTED AMOUNTS ---
Class A Initial Invested Amount $652,500,000
Class B Initial Invested Amount $45,000,000
Collateral Initial Invested Amount $52,500,000
INITIAL INVESTED AMOUNT $750,000,000
Class A Invested Amount $652,500,000.00
Class B Invested Amount $45,000,000.00
Collateral Invested Amount $52,500,000.00
INVESTED AMOUNT $750,000,000
Class A Adjusted Invested Amount $652,500,000.00
Class B Adjusted Invested Amount $45,000,000.00
Collateral Invested Amount $52,500,000.00
ADJUSTED INVESTED AMOUNT $750,000,000
MONTHLY SERVICING FEE $1,250,000.00
INVESTOR DEFAULT AMOUNT $3,782,950.95
GROUP 1 INFORMATION
WEIGHTED AVERAGE CERTIFICATE RATE FOR 5.82%
ALL SERIES
IN GROUP 1
GROUP 1 INVESTOR FINANCE CHARGE $15,769,737.10
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS $0.00
GROUP 1 INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INVESTOR MONTHLY FEES $1,666,666.67
GROUP 1 INVESTOR MONTHLY INTEREST $5,015,541.67
SERIES 1995-3 INFORMATION
SERIES 1995-3 ALLOCATION PERCENTAGE 10.00%
SERIES 1995-3 ALLOCABLE FINANCE CHARGE $15,503,563.16
COLLECTIONS
SERIES 1995-3 ADDITIONAL AMOUNTS $0.00
SERIES 1995-3 ALLOCABLE DEFAULTED AMOUNT $5,225,836.97
SERIES 1995-3 MONTHLY FEES $1,250,000.00
SERIES 1995-3 ALLOCABLE PRINCIPAL $185,039,052.24
COLLECTIONS
SERIES 1995-3 REQUIRED TRANSFEROR AMOUNT $52,500,000.00
FLOATING ALLOCATION PERCENTAGE 72.39%
C-5
41
<PAGE>
INVESTOR FINANCE CHARGE COLLECTIONS $11,222,933.16
INVESTOR DEFAULT AMOUNT $3,782,950.95
REALLOCATED INVESTOR FINANCE CHARGE $11,867,431.54
COLLECTIONS
PRINCIPAL ALLOCATIONS PERCENTAGE 72.39%
AVAILABLE PRINCIPAL COLLECTIONS $133,948,621.55
CLASS A AVAILABLE FUNDS ---
CLASS A FLOATING PERCENTAGE 87.00%
Class A Floating Percentage of $10,337,881.86
Reallocated
Investor Finance Charge Collections
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $10,337,881.86
Class A Monthly Interest $3,267,303.13
Class A Servicing Fee (if applicable) $0.00
Class A Investor Default Amount $3,291,167.33
TOTAL CLASS A EXCESS SPREAD $3,779,411.41
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS ---
CLASS B FLOATING PERCENTAGE 6.00%
CLASS B AVAILABLE FUNDS $712,045.89
Class B Monthly Interest $229,593.75
Class B Servicing Fee (if applicable) $0.00
TOTAL CLASS B EXCESS SPREAD $482,452.14
COLLATERAL AVAILABLE FUNDS --
COLLATERAL FLOATING PERCENTAGE 7.00%
COLLATERAL AVAILABLE FUNDS $830,720.21
Collateral Interest Servicing Fee $0.00
(if applicable)
TOTAL COLLATERAL EXCESS SPREAD $830,720.21
EXCESS SPREAD ---
TOTAL EXCESS SPREAD $5,092,583.76
C-6
42
<PAGE>
Excess Spread Applied to Class A $0.00
Required Amount
Excess Spread Applied to Class A $0.00
Investor Charge
Offs
Excess Spread Applied to Class B $226,977.06
Required Amount
Excess Spread Applied to Reductions of $0.00
Class B
Invested Amount pursuant to clauses (c),
(d) and (e)
Excess Spread Applied to Collateral $272,945.31
Monthly
Interest
Excess Spread Applied to Unpaid Monthly $1,250,000.00
Servicing Fee
Excess Spread Applied Collateral Default $264,806.57
Amount
Excess Spread Applied to Reductions of $0.00
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to Other Amounts $0.00
Owed to
Collateral Interest Holder
TOTAL EXCESS FINANCE CHARGE COLLECTIONS
ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES $3,077,854.82
EXCESS FINANCE CHARGES COLLECTIONS
TOTAL EXCESS FINANCE CHARGE COLLECTIONS $30,751,311.29
FOR ALL ALLOCATION SERIES
SERIES 1995-3 EXCESS FINANCE CHARGE
COLLECTIONS ---
EXCESS FINANCE CHARGE COLLECTIONS $0.00
ALLOCATED TO SERIES 1995-3
Excess Finance Charge Collections $0.00
Applied to
Class A Required Amount
Excess Finance Charge Collections $0.00
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections $0.00
Applied to
Class B Required Amount
Excess Finance Charge Collections $0.00
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections $0.00
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections $0.00
Applied to
Collateral Default Amount
C-7
43
<PAGE>
Excess Finance Charge Collections $0.00
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Reserve Account
Excess Finance Charge Collections $0.00
Applied to
Other Amounts Owed to Collateral
Interest Holder
YIELD AND BASE RATE---
Base Rate (Current Month) 8.03%
Base Rate (Prior Month) 7.44%
Base Rate (Two Months Ago) 7.44%
THREE MONTH AVERAGE BASE RATE 7.64%
SerieMAR: (22 posting days / 5 Mondays) 12.96%
SerieFEB: (20 posting days / 4 Mondays) 10.53%
SerieJAN: (21 posting days / 4 Mondays) 11.77%
THREE MONTH AVERAGE SERIES ADJUSTED 11.75%
PORTFOLIO
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 87.00%
Class A Principal Collections $116,535,300.75
CLASS B PRINCIPAL PERCENTAGE 6.00%
Class B Principal Collections $8,036,917.29
COLLATERAL PRINCIPAL PERCENTAGE 7.00%
Collateral Principal Collections $9,376,403.51
AVAILABLE PRINCIPAL COLLECTIONS $133,948,621.55
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1995-3 PRINCIPAL SHORTFALL $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE $0.00
FROM OTHER
PRINCIPAL SHARING SERIES
C-8
44
<PAGE>
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
PRINCIPAL FUNDING ACCOUNT BALANCE $0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE $137,731,572.50
FOR OTHER
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT $0.00
(OTHER THAN
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT $0.00
(OTHER
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
PREVIOUS COLLATERAL INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
AT&T UNIVERSAL CARD SERVICES CORP.,
as Servicer
By: ____/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
45
<PAGE>
AT&T Universal Funding Corporation
Credit Card Asset Backed Securities
AT&T Universal Card Master Trust
Series 1996-1
Monthly Report 31-Mar-98
Distribution Date 17-Apr-98
-------------------------------------------------------------------------
Monthly Trust Activity Class A Class B
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 850,000,000.00 80,000,000.00
Amount
Floating Allocation Percentage 85.0000000% 8.0000000%
Principal Allocation Percentage 85.0000000% 8.0000000%
Finance Charge Collections 12,719,324.24 1,197,112.87
Total Yield
Trust Portfolio Yield
Principal Collections 151,808,437.76 14,287,852.97
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 4,287,344.41 403,514.77
Monthly Default Rate
Net Monthly Default Rate
Recoveries 684,952.29 64,466.10
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00 0.00
Reimbursed Principal 0.00 0.00
Ending Invested/Transferor Amounts 850,000,000.00 80,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1995-1 Series 1995-3
Invested Amount 1,000,000,000.00 750,000,000.00
Average Rate 5.73198% 5.83718%
Investor Finance Charge Collections 15,769,737.10 11,827,302.83
Investor Principal Collections 178,598,162.07 133,948,621.55
Investor Default Amount Due 5,043,934.60 3,782,950.95
Investor Monthly Interest Due 4,935,867.36 3,769,842.19
Investor Monthly Fees Due 1,666,666.67 1,250,000.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements Class A Class B
Investor Coupon 5.75000% 5.88500%
Investor Monthly Interest Due 4,208,680.56 405,411.11
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 4,208,680.56 405,411.11
Investor Default Amount Due 4,287,344.41 403,514.77
Investor Monthly Fees Due 1,416,666.67 133,333.33
Investor Additional Fees Due 0.00 0.00
Total 9,912,691.63 942,259.21
-------------------------------------------------------------------------
Reallocated Investor Finance Charge
Collections
Interest/Principal/Spread
Investment Proceeds
Series Adjusted Portfolio Yield
Base Rate
46
<PAGE>
-------------------------------------------------------------------------
Application of Collections Class A Class B
Available Funds 13,426,023.89 1,261,984.36
Monthly Interest Paid 4,208,680.56 405,411.11
Investor Default Amount Paid 4,287,344.41 0.00
Excess Spread 4,929,998.93 856,573.25
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00 0.00
Investor Default Amount Shortfall 0.00 403,514.77
Required Amount 0.00 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 403,514.77
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid
Excess Finance Charge Collections
-------------------------------------------------------------------------
Reallocated Principal 0.00
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00 0.00
Principal Charge-Offs 0.00 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount
Principal Funding Account Deposit
Principal Funding Account Balance
-------------------------------------------------------------------------
Certificates Class A Class B
Beginning Certificates Balance 850,000,000.00 80,000,000.00
Interest Distribution 11,811,458.34 1,137,766.67
Principal Distribution 0.00 0.00
Total Distribution 11,811,458.34 1,137,766.67
Ending Certificate Balance 850,000,000.00 80,000,000.00
Pool Factor 100.000000% 100.000000%
Total Distribution Per 1,000 13.8958 14.2221
Certificate
Interest Distribution Per 1,000 13.8958 14.2221
Certificate
Principal Distribution Per 1,000 0.0000 0.0000
Certificate
1st Collection Account Deposit 3,801,388.89 366,177.78
2nd Collection Accounts Deposit 3,801,388.89 366,177.78
3rd Collection Accounts Deposit 4,208,680.56 405,411.11
Quarterly Interest Distribution 11,811,458.34 1,137,766.67
Delinquencies 1-30 31-60
Number of Accounts 193,540 40,433
Balance of Accounts 452,213,147 113,983,489
31+Days Delinquency Rate 3.0847%
Change in Account Owner Retained 0.0009%
Interest
Prior Month Account Owner Retained 0.2839%
Interest Factor
Current Month Account Owner 0.2848%
Retained Interest Factor
47
<PAGE>
Monthly Trust Activity CIA Investor Investor
Interest
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 70,000,000.00 1,000,000,000.00
Amount
Floating Allocation Percentage 7.0000000% 72.3893794%
Principal Allocation Percentage 7.0000000% 72.3893794%
Finance Charge Collections 1,047,473.76 14,963,910.88
Total Yield
Trust Portfolio Yield
Principal Collections 12,501,871.34 178,598,162.07
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 353,075.42 5,043,934.60
Monthly Default Rate
Net Monthly Default Rate
Recoveries 56,407.84 805,826.23
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00
Reimbursed Principal 0.00
Ending Invested/Transferor Amounts 70,000,000.00 1,000,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1996-1 Series 1996-2
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.78093% 5.73368%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 4,978,018.75 4,937,331.25
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements CIA Investor Total
Investor Coupon 6.03750%
Investor Monthly Interest Due 363,927.08 4,978,018.75
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 363,927.08 4,978,018.75
Investor Default Amount Due 353,075.42 5,043,934.60
Investor Monthly Fees Due 116,666.67 1,666,666.67
Investor Additional Fees Due 0.00 0.00
Total 833,669.17 11,688,620.02
-------------------------------------------------------------------------
Reallocated Investor Finance Charge 15,774,804.56
Collections
Interest/Principal/Spread 17,440.02
Investment Proceeds
Series Adjusted Portfolio Yield 12.90%
Base Rate 7.97%
-------------------------------------------------------------------------
Application of Collections CIA Investor Total
Available Funds 1,104,236.32 15,792,244.58
Monthly Interest Paid 0.00 4,614,091.67
Investor Default Amount Paid 0.00 4,287,344.41
Excess Spread 1,104,236.32 6,890,808.50
48
<PAGE>
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00
Investor Default Amount Shortfall 403,514.77
Required Amount 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 363,927.08 363,927.08
Investor Default Paid 353,075.42 756,590.19
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid 1,666,666.67
Excess Finance Charge Collections 4,103,624.56
-------------------------------------------------------------------------
Reallocated Principal 0.00 0.00
Monthly Interest Paid
Investor Default Paid 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00
Principal Charge-Offs 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount 0.00
Principal Funding Account Deposit 0.00
Principal Funding Account Balance 0.00
-------------------------------------------------------------------------
Certificates CIA Investor Total
Beginning Certificates Balance 70,000,000.00 1,000,000,000.00
Interest Distribution 363,927.08 13,313,152.09
Principal Distribution 0.00 0.00
Total Distribution 363,927.08 13,313,152.09
Ending Certificate Balance 70,000,000.00 1,000,000,000.00
Pool Factor 100.000000%
Total Distribution Per 1,000 5.1990
Certificate
Interest Distribution Per 1,000 5.1990
Certificate
Principal Distribution Per 1,000 0.0000
Certificate
1st Collection Account Deposit 4,167,566.67
2nd Collection Accounts Deposit 4,167,566.67
3rd Collection Accounts Deposit 4,614,091.67
Quarterly Interest Distribution 12,949,225.01
Delinquencies 61-90 91-120
Number of Accounts 21,846 15,697
Balance of Accounts 71,146,861 54,302,485
31+Days Delinquency Rate
Change in Account Owner Retained .. 0.00 CIA Investor Interest Reduced Margin
Interest
49
<PAGE>
Monthly Trust Activity Transferor Series
Interest Allocations
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage 13.33%
Beginning Invested /Transferor 381,418,114.65 1,381,418,114.65
Amount
Floating Allocation Percentage 27.6106206% 100.0000000%
Principal Allocation Percentage 27.6106206% 100.0000000%
Finance Charge Collections 5,707,506.67 20,671,417.55
Total Yield
Trust Portfolio Yield
Principal Collections 68,120,574.26 246,718,736.33
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 1,923,848.03 6,967,782.63
Monthly Default Rate
Net Monthly Default Rate
Recoveries 307,356.72 1,113,182.95
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 338,308,498.51 1,338,308,498.51
-------------------------------------------------------------------------
Group I Information Series 1996-3 Series 1997-1
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.82450% 5.75978%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 5,015,541.67 4,957,868.75
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Delinquencies 121+ Total
Number of Accounts 22,199 293,715
Balance of Accounts 80,166,235 771,812,217.04
50
<PAGE>
Monthly Trust Activity Trust
Totals
Beginning Principal Receivables 10,360,635,859.87
Balance
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,360,635,859.87
Series Allocation Percentage
Beginning Invested /Transferor
Amount
Floating Allocation Percentage
Principal Allocation Percentage
Finance Charge Collections 155,035,631.62
Total Yield 17.96%
Trust Portfolio Yield 12.87%
Principal Collections 1,850,390,522.45
Discount Percentage 0.00%
Discount Option Receivable 0.00
Collections
Monthly Payment Rate 17.86%
Defaults 52,258,369.70
Monthly Default Rate 6.05%
Net Monthly Default Rate 5.09%
Recoveries 8,348,872.12
Adjustments (29,030,111.81)
New Receivables 1,550,296,659.29
Ending Principal Receivables 10,037,313,738.82
Balance
Minimum Series Required Balance 1,070,000,000.00
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,037,313,738.82
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 10,037,313,738.82
-------------------------------------------------------
Group I Information Group Total
Invested Amount 5,750,000,000.00
Average Rate 5.77543%
Investor Finance Charge Collections 90,675,988.35
Investor Principal Collections 1,026,939,431.90
Investor Default Amount Due 29,002,623.95
Investor Monthly Interest Due 28,594,469.97
Investor Monthly Fees Due 9,583,333.33
Investor Additional Amounts Due 0.00
-------------------------------------------------------
51
<PAGE>
Group: Group 1
Series: Series 1996-1
Supplement Date: 30-Apr-96
MONTHLY STATEMENT
AT&T UNIVERSAL CARD MASTER TRUST
SERIES 1996-1
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(hereinafter as such agreement may have been or may be from time to time,
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
AT&T Universal Card Services Corp. ("UCS") as Servicer, AT&T Universal Funding
Corp. ("Funding"), as Transferor, and Bankers Trust Company, as trustee (the
'Trustee'), as supplemented by the Series 1996-1 Supplement dated as of 04/30/96
(the "Supplement") among UCS, Funding and the Trustee, as Servicer is required
to prepare certain information each month regarding current distributions to the
Series 1996-1 Certificateholders and the performance of the AT&T Universal Card
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the Distribution Date of 04/17/98 with
respect to the performance of the Trust during the month of 03/01/98 to 03/31/98
is set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1996-1 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 and the Supplement.
A) Information regarding distribution
in
respect of the Class A Certificates
per $1,000 original certificate
principal amount.
(1) The total amount of the
distribution in respect of Class A
Certificates, per $1,000 original
certificate principal amount $13.89583334
(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 $13.89583334
(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 $0.00
C-1
52
<PAGE>
Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $0.00
(2) The amount of Class A Investors
Charge Offs set forth in paragraph 1
above, per $1,000 original
certificate
principal amount $0.00
(3) The total amount reimbursed in
respect of Class A Investor Charge
Offs $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
C) Information regarding distributions
in
respect of the Class B Certificates,
per $1,000 original certificate
principal amount
(1) The total amount of the
distribution in respect of Class B
Certificates, per $1,000 original
certificate principal amount $14.22208339
(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 $14.22208339
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class B
Certificates, per $1,000 original
certificate principal amount $0.00
D) Amount of reductions in Class B
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount
(1) The amount of reductions in Class
B Invested Amount pursuant to
clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount $0.00
C-2
53
<PAGE>
(2) The amount of reductions in
the Class B Invested Amount set
forth
in paragraph 1 above, per $1,000
original certificate principal $0.00
amount
(3) The total amount reimbursed in
respect of such reductions in the
Class B Invested Amount $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
E) Information regarding certain
distributions to the Collateral
Interest Holder
(1) The amount distributed to the
Collateral Interest Holder in
respect
of interest on the Collateral
Invested
Amount $363,927.08
(2) The amount distributed to the
Collateral Interest Holder in
respect
of principal on the Collateral
Invested Amount $0.00
F) Amount of reductions in Collateral
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Collateral Invested Amount
(1) The amount of reductions in the
Collateral Invested Amount pursuant
to
clauses (c), (d), and (e) of the
definition of Collateral Invested
Amount $0.00
(2) The total amount reimbursed in
respect of such reductions in the
Collateral Invested Amount $0.00
AT&T UNIVERSAL CARD SERVICES CORP.,
Servicer
By __/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
C-3
54
<PAGE>
RECEIVABLES ---
Beginning of the Month Principal $10,360,635,859.87
Receivables:
Beginning of the Month Finance Charge $97,353,930.83
Receivables:
Beginning of the Month Discounted $0.00
Receivables:
Beginning of the Month Premium $0.00
Receivables:
Beginning of the Month Total Receivables: $10,457,989,790.70
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 $0.00
Period:
Premium Receivables Generated this $0.00
Period:
End of the Month Principal Receivables: $10,037,313,738.82
End of the Month Finance Charge $87,629,238.03
Receivables:
End of the Month Discounted Receivables: $0.00
End of the Month Premium Receivables: $0.00
End of the Month Total Receivables: $10,124,942,976.85
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master $7,500,000,000.00
Trust Series)
End of the Month Transferor Amount $338,308,498.51
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
31-60 Days Delinquent $113,983,488.90
61-90 Days Delinquent $71,146,861.19
91+ Days Delinquent $134,468,719.79
Total 31+ Days Delinquent $319,599,069.88
Defaulted Accounts During the Month $52,258,369.70
C-4
55
<PAGE>
INVESTED AMOUNTS ---
Class A Initial Invested Amount $850,000,000
Class B Initial Invested Amount $80,000,000
Collateral Initial Invested Amount $70,000,000
INITIAL INVESTED AMOUNT $1,000,000,000
Class A Invested Amount $850,000,000.00
Class B Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
INVESTED AMOUNT $1,000,000,000
Class A Adjusted Invested Amount $850,000,000.00
Class B Adjusted Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
ADJUSTED INVESTED AMOUNT $1,000,000,000
MONTHLY SERVICING FEE $1,666,666.67
INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INFORMATION
WEIGHTED AVERAGE CERTIFICATE RATE FOR 5.82%
ALL SERIES
IN GROUP 1
GROUP 1 INVESTOR FINANCE CHARGE $15,769,737.10
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS $0.00
GROUP 1 INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INVESTOR MONTHLY FEES $1,666,666.67
GROUP 1 INVESTOR MONTHLY INTEREST $5,015,541.67
SERIES 1996-1 INFORMATION
SERIES 1996-1 ALLOCATION PERCENTAGE 13.33%
SERIES 1996-1 ALLOCABLE FINANCE CHARGE $20,671,417.55
COLLECTIONS
SERIES 1996-1 ADDITIONAL AMOUNTS $0.00
SERIES 1996-1 ALLOCABLE DEFAULTED AMOUNT $6,967,782.63
SERIES 1996-1 MONTHLY FEES $1,250,000.00
SERIES 1996-1 ALLOCABLE PRINCIPAL $246,718,736.33
COLLECTIONS
SERIES 1996-1 REQUIRED TRANSFEROR AMOUNT $70,000,000.00
FLOATING ALLOCATION PERCENTAGE 72.39%
C-5
56
<PAGE>
INVESTOR FINANCE CHARGE COLLECTIONS $14,963,910.88
INVESTOR DEFAULT AMOUNT $5,043,934.60
REALLOCATED INVESTOR FINANCE CHARGE $15,774,804.56
COLLECTIONS
PRINCIPAL ALLOCATIONS PERCENTAGE 72.39%
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
CLASS A AVAILABLE FUNDS ---
CLASS A FLOATING PERCENTAGE 85.00%
Class A Floating Percentage of $13,426,023.89
Reallocated
Investor Finance Charge Collections
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $13,426,023.89
Class A Monthly Interest $4,208,680.56
Class A Servicing Fee (if applicable) $0.00
Class A Investor Default Amount $4,287,344.41
TOTAL CLASS A EXCESS SPREAD $4,929,998.93
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS ---
CLASS B FLOATING PERCENTAGE 8.00%
CLASS B AVAILABLE FUNDS $1,261,984.36
Class B Monthly Interest $405,411.11
Class B Servicing Fee (if applicable) $0.00
TOTAL CLASS B EXCESS SPREAD $856,573.25
COLLATERAL AVAILABLE FUNDS --
COLLATERAL FLOATING PERCENTAGE 7.00%
COLLATERAL AVAILABLE FUNDS $1,104,236.32
Collateral Interest Servicing Fee $0.00
(if applicable)
TOTAL COLLATERAL EXCESS SPREAD $1,104,236.32
EXCESS SPREAD ---
TOTAL EXCESS SPREAD $6,890,808.50
C-6
57
<PAGE>
Excess Spread Applied to Class A $0.00
Required Amount
Excess Spread Applied to Class A $0.00
Investor Charge
Offs
Excess Spread Applied to Class B $403,514.77
Required Amount
Excess Spread Applied to Reductions of $0.00
Class B
Invested Amount pursuant to clauses (c),
(d) and (e)
Excess Spread Applied to Collateral $363,927.08
Monthly
Interest
Excess Spread Applied to Unpaid Monthly $1,666,666.67
Servicing Fee
Excess Spread Applied Collateral Default $353,075.42
Amount
Excess Spread Applied to Reductions of $0.00
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to Other Amounts $0.00
Owed to
Collateral Interest Holder
TOTAL EXCESS FINANCE CHARGE COLLECTIONS
ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES $4,103,624.56
EXCESS FINANCE CHARGES COLLECTIONS
TOTAL EXCESS FINANCE CHARGE COLLECTIONS $30,751,311.29
FOR ALL ALLOCATION SERIES
SERIES 1996-1 EXCESS FINANCE CHARGE
COLLECTIONS ---
EXCESS FINANCE CHARGE COLLECTIONS $0.00
ALLOCATED TO SERIES 1996-1
Excess Finance Charge Collections $0.00
Applied to
Class A Required Amount
Excess Finance Charge Collections $0.00
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections $0.00
Applied to
Class B Required Amount
Excess Finance Charge Collections $0.00
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections $0.00
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections $0.00
Applied to
Collateral Default Amount
C-7
58
<PAGE>
Excess Finance Charge Collections $0.00
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Reserve Account
Excess Finance Charge Collections $0.00
Applied to
Other Amounts Owed to Collateral
Interest Holder
YIELD AND BASE RATE---
Base Rate (Current Month) 7.97%
Base Rate (Prior Month) 7.39%
Base Rate (Two Months Ago) 7.39%
THREE MONTH AVERAGE BASE RATE 7.58%
Series Adj Portfolio Yield (Curr Month) 12.90%
Series Adj Portfolio Yield (Prior Month) 10.47%
Series Adj Port Yield (Two Months Ago) 11.71%
THREE MONTH AVERAGE SERIES ADJUSTED 11.69%
PORTFOLIO
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 85.00%
Class A Principal Collections $151,808,437.76
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $14,287,852.97
COLLATERAL PRINCIPAL PERCENTAGE 7.00%
Collateral Principal Collections $12,501,871.34
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1996-1 PRINCIPAL SHORTFALL $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE $0.00
FROM OTHER
PRINCIPAL SHARING SERIES
C-8
59
<PAGE>
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
PRINCIPAL FUNDING ACCOUNT BALANCE $0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE $183,642,096.67
FOR OTHER
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT $0.00
(OTHER THAN
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT $0.00
(OTHER
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
PREVIOUS COLLATERAL INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
AT&T UNIVERSAL CARD SERVICES CORP.,
as Servicer
By: ___/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
60
<PAGE>
AT&T Universal Funding Corporation
Credit Card Asset Backed Securities
AT&T Universal Card Master Trust
Series 1996-2
Monthly Report 31-Mar-98
Distribution Date 17-Apr-98
-------------------------------------------------------------------------
Monthly Trust Activity Class A Class B
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 850,000,000.00 80,000,000.00
Amount
Floating Allocation Percentage 85.0000000% 8.0000000%
Principal Allocation Percentage 85.0000000% 8.0000000%
Finance Charge Collections 12,719,324.24 1,197,112.87
Total Yield
Trust Portfolio Yield
Principal Collections 151,808,437.76 14,287,852.97
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 4,287,344.41 403,514.77
Monthly Default Rate
Net Monthly Default Rate
Recoveries 684,952.29 64,466.10
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00 0.00
Reimbursed Principal 0.00 0.00
Ending Invested/Transferor Amounts 850,000,000.00 80,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1995-1 Series 1995-3
Invested Amount 1,000,000,000.00 750,000,000.00
Average Rate 5.73198% 5.83718%
Investor Finance Charge Collections 15,769,737.10 11,827,302.83
Investor Principal Collections 178,598,162.07 133,948,621.55
Investor Default Amount Due 5,043,934.60 3,782,950.95
Investor Monthly Interest Due 4,935,867.36 3,769,842.19
Investor Monthly Fees Due 1,666,666.67 1,250,000.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements Class A Class B
Investor Coupon 5.69500% 5.83500%
Investor Monthly Interest Due 4,168,423.61 401,966.67
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 4,168,423.61 401,966.67
Investor Default Amount Due 4,287,344.41 403,514.77
Investor Monthly Fees Due 1,416,666.67 133,333.33
Investor Additional Fees Due 0.00 0.00
Total 9,872,434.69 938,814.77
61
<PAGE>
-------------------------------------------------------------------------
Reallocated Investor Finance Charge
Collections
Interest/Principal/Spread
Investment Proceeds
Series Adjusted Portfolio Yield
Base Rate
-------------------------------------------------------------------------
Application of Collections Class A Class B
Available Funds 13,414,985.95 1,258,729.36
Monthly Interest Paid 4,168,423.61 401,966.67
Investor Default Amount Paid 4,287,344.41 0.00
Excess Spread 4,959,217.93 856,762.70
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00 0.00
Investor Default Amount Shortfall 0.00 403,514.77
Required Amount 0.00 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 403,514.77
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid
Excess Finance Charge Collections
-------------------------------------------------------------------------
Reallocated Principal 0.00
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00 0.00
Principal Charge-Offs 0.00 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount
Principal Funding Account Deposit
Principal Funding Account Balance
-------------------------------------------------------------------------
Certificates Class A Class B
Beginning Certificates Balance 850,000,000.00 80,000,000.00
Interest Distribution 11,698,479.17 1,128,100.01
Principal Distribution 0.00 0.00
Total Distribution 11,698,479.17 1,128,100.01
Ending Certificate Balance 850,000,000.00 80,000,000.00
Pool Factor 100.000000% 100.000000%
Total Distribution Per 1,000 13.7629 14.1013
Certificate
Interest Distribution Per 1,000 13.7629 14.1013
Certificate
Principal Distribution Per 1,000 0.0000 0.0000
Certificate
1st Collection Account Deposit 3,765,027.78 363,066.67
2nd Collection Accounts Deposit 3,765,027.78 363,066.67
3rd Collection Accounts Deposit 4,168,423.61 401,966.67
Quarterly Interest Distribution 11,698,479.17 1,128,100.01
Delinquencies 1-30 31-60
Number of Accounts 193,540 40,433
Balance of Accounts 452,213,147 113,983,489
31+Days Delinquency Rate 3.0847%
Change in Account Owner Retained 0.0009%
Interest
Prior Month Account Owner Retained 0.2839%
Interest Factor
Current Month Account Owner 0.2848%
Retained Interest Factor
62
<PAGE>
Monthly Trust Activity CIA Investor Investor
Interest
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 70,000,000.00 1,000,000,000.00
Amount
Floating Allocation Percentage 7.0000000% 72.3893794%
Principal Allocation Percentage 7.0000000% 72.3893794%
Finance Charge Collections 1,047,473.76 14,963,910.88
Total Yield
Trust Portfolio Yield
Principal Collections 12,501,871.34 178,598,162.07
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 353,075.42 5,043,934.60
Monthly Default Rate
Net Monthly Default Rate
Recoveries 56,407.84 805,826.23
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00
Reimbursed Principal 0.00
Ending Invested/Transferor Amounts 70,000,000.00 1,000,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1996-1 Series 1996-2
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.78093% 5.73368%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 4,978,018.75 4,937,331.25
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements CIA Investor Total
Investor Coupon 6.08750%
Investor Monthly Interest Due 366,940.97 4,937,331.25
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 366,940.97 4,937,331.25
Investor Default Amount Due 353,075.42 5,043,934.60
Investor Monthly Fees Due 116,666.67 1,666,666.67
Investor Additional Fees Due 0.00 0.00
Total 836,683.06 11,647,932.52
-------------------------------------------------------------------------
Reallocated Investor Finance Charge 15,734,117.06
Collections
Interest/Principal/Spread 40,986.45
Investment Proceeds
Series Adjusted Portfolio Yield 12.88%
Base Rate 7.92%
-------------------------------------------------------------------------
Application of Collections CIA Investor Total
Available Funds 1,101,388.19 15,775,103.51
Monthly Interest Paid 0.00 4,570,390.28
Investor Default Amount Paid 0.00 4,287,344.41
Excess Spread 1,101,388.19 6,917,368.82
63
<PAGE>
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00
Investor Default Amount Shortfall 403,514.77
Required Amount 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 366,940.97 366,940.97
Investor Default Paid 353,075.42 756,590.19
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid 1,666,666.67
Excess Finance Charge Collections 4,127,170.99
-------------------------------------------------------------------------
Reallocated Principal 0.00 0.00
Monthly Interest Paid
Investor Default Paid 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00
Principal Charge-Offs 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount 0.00
Principal Funding Account Deposit 0.00
Principal Funding Account Balance 0.00
-------------------------------------------------------------------------
Certificates CIA Investor Total
Beginning Certificates Balance 70,000,000.00 1,000,000,000.00
Interest Distribution 366,940.97 13,193,520.15
Principal Distribution 0.00 0.00
Total Distribution 366,940.97 13,193,520.15
Ending Certificate Balance 70,000,000.00 1,000,000,000.00
Pool Factor 100.000000%
Total Distribution Per 1,000 5.2420
Certificate
Interest Distribution Per 1,000 5.2420
Certificate
Principal Distribution Per 1,000 0.0000
Certificate
1st Collection Account Deposit 4,128,094.45
2nd Collection Accounts Deposit 4,128,094.45
3rd Collection Accounts Deposit 4,570,390.28
Quarterly Interest Distribution 12,826,579.18
Delinquencies 61-90 91-120
Number of Accounts 21,846 15,697
Balance of Accounts 71,146,861 54,302,485
31+Days Delinquency Rate
Change in Account Owner Retained .. 0.00 CIA Investor Interest Reduced Margin
Interest
64
<PAGE>
Monthly Trust Activity Transferor Series
Interest Allocations
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage 13.33%
Beginning Invested /Transferor 381,418,114.65 1,381,418,114.65
Amount
Floating Allocation Percentage 27.6106206% 100.0000000%
Principal Allocation Percentage 27.6106206% 100.0000000%
Finance Charge Collections 5,707,506.67 20,671,417.55
Total Yield
Trust Portfolio Yield
Principal Collections 68,120,574.26 246,718,736.33
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 1,923,848.03 6,967,782.63
Monthly Default Rate
Net Monthly Default Rate
Recoveries 307,356.72 1,113,182.95
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 338,308,498.51 1,338,308,498.51
-------------------------------------------------------------------------
Group I Information Series 1996-3 Series 1997-1
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.82450% 5.75978%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 5,015,541.67 4,957,868.75
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Delinquencies 121+ Total
Number of Accounts 22,199 293,715
Balance of Accounts 80,166,235 771,812,217.04
65
<PAGE>
Monthly Trust Activity Trust
Totals
Beginning Principal Receivables 10,360,635,859.87
Balance
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,360,635,859.87
Series Allocation Percentage
Beginning Invested /Transferor
Amount
Floating Allocation Percentage
Principal Allocation Percentage
Finance Charge Collections 155,035,631.62
Total Yield 17.96%
Trust Portfolio Yield 12.87%
Principal Collections 1,850,390,522.45
Discount Percentage 0.00%
Discount Option Receivable 0.00
Collections
Monthly Payment Rate 17.86%
Defaults 52,258,369.70
Monthly Default Rate 6.05%
Net Monthly Default Rate 5.09%
Recoveries 8,348,872.12
Adjustments (29,030,111.81)
New Receivables 1,550,296,659.29
Ending Principal Receivables 10,037,313,738.82
Balance
Minimum Series Required Balance 1,070,000,000.00
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,037,313,738.82
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 10,037,313,738.82
-------------------------------------------------------
Group I Information Group Total
Invested Amount 5,750,000,000.00
Average Rate 5.77543%
Investor Finance Charge Collections 90,675,988.35
Investor Principal Collections 1,026,939,431.90
Investor Default Amount Due 29,002,623.95
Investor Monthly Interest Due 28,594,469.97
Investor Monthly Fees Due 9,583,333.33
Investor Additional Amounts Due 0.00
-------------------------------------------------------
66
<PAGE>
Group: Group 1
Series: Series 1996-2
Supplement Date: 17-Sep-96
MONTHLY STATEMENT
AT&T UNIVERSAL CARD MASTER TRUST
SERIES 1996-2
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(hereinafter as such agreement may have been or may be from time to time,
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
AT&T Universal Card Services Corp. ("UCS") as Servicer, AT&T Universal Funding
Corp. ("Funding"), as Transferor, and Bankers Trust Company, as trustee (the
'Trustee'), as supplemented by the Series 1996-2 Supplement dated as of 6/30/96
(the "Supplement") among UCS, Funding and the Trustee, as Servicer is required
to prepare certain information each month regarding current distributions to the
Series 1996-2 Certificateholders and the performance of the AT&T Universal Card
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the Distribution Date of 04/17/98 with
respect to the performance of the Trust during the month of 03/01/98 to 03/31/98
is set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1996-2 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 and the Supplement.
A) Information regarding distribution
in
respect of the Class A Certificates
per $1,000 original certificate
principal amount.
(1) The total amount of the
distribution in respect of Class A
Certificates, per $1,000 original
certificate principal amount $13.76291667
(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 $13.76291667
(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 $0.00
C-1
67
<PAGE>
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $0.00
(2) The amount of Class A Investors
Charge Offs set forth in paragraph 1
above, per $1,000 original
certificate
principal amount $0.00
(3) The total amount reimbursed in
respect of Class A Investor Charge
Offs $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
C) Information regarding distributions
in
respect of the Class B Certificates,
per $1,000 original certificate
principal amount
(1) The total amount of the
distribution in respect of Class B
Certificates, per $1,000 original
certificate principal amount $14.10125008
(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 $14.10125008
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class B
Certificates, per $1,000 original
certificate principal amount $0.00
D) Amount of reductions in Class B
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount
(1) The amount of reductions in Class
B Invested Amount pursuant to
clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount $0.00
C-2
68
<PAGE>
(2) The amount of reductions in
the Class B Invested Amount set
forth
in paragraph 1 above, per $1,000
original certificate principal $0.00
amount
(3) The total amount reimbursed in
respect of such reductions in the
Class B Invested Amount $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
E) Information regarding certain
distributions to the Collateral
Interest Holder
(1) The amount distributed to the
Collateral Interest Holder in
respect
of interest on the Collateral
Invested
Amount $366,940.97
(2) The amount distributed to the
Collateral Interest Holder in
respect
of principal on the Collateral
Invested Amount $0.00
F) Amount of reductions in Collateral
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Collateral Invested Amount
(1) The amount of reductions in the
Collateral Invested Amount pursuant
to
clauses (c), (d), and (e) of the
definition of Collateral Invested
Amount $0.00
(2) The total amount reimbursed in
respect of such reductions in the
Collateral Invested Amount $0.00
AT&T UNIVERSAL CARD SERVICES CORP.,
Servicer
By __/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
C-3
69
<PAGE>
RECEIVABLES ---
Beginning of the Month Principal $10,360,635,859.87
Receivables:
Beginning of the Month Finance Charge $97,353,930.83
Receivables:
Beginning of the Month Discounted $0.00
Receivables:
Beginning of the Month Premium $0.00
Receivables:
Beginning of the Month Total Receivables: $10,457,989,790.70
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 $0.00
Period:
Premium Receivables Generated this $0.00
Period:
End of the Month Principal Receivables: $10,037,313,738.82
End of the Month Finance Charge $87,629,238.03
Receivables:
End of the Month Discounted Receivables: $0.00
End of the Month Premium Receivables: $0.00
End of the Month Total Receivables: $10,124,942,976.85
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master $7,500,000,000.00
Trust Series)
End of the Month Transferor Amount $338,308,498.51
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
31-60 Days Delinquent $113,983,488.90
61-90 Days Delinquent $71,146,861.19
91+ Days Delinquent $134,468,719.79
Total 31+ Days Delinquent $319,599,069.88
Defaulted Accounts During the Month $52,258,369.70
C-4
70
<PAGE>
INVESTED AMOUNTS ---
Class A Initial Invested Amount $850,000,000
Class B Initial Invested Amount $80,000,000
Collateral Initial Invested Amount $70,000,000
INITIAL INVESTED AMOUNT $1,000,000,000
Class A Invested Amount $850,000,000.00
Class B Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
INVESTED AMOUNT $1,000,000,000
Class A Adjusted Invested Amount $850,000,000.00
Class B Adjusted Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
ADJUSTED INVESTED AMOUNT $1,000,000,000
MONTHLY SERVICING FEE $1,666,666.67
INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INFORMATION
WEIGHTED AVERAGE CERTIFICATE RATE FOR 5.82%
ALL SERIES
IN GROUP 1
GROUP 1 INVESTOR FINANCE CHARGE $15,769,737.10
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS $0.00
GROUP 1 INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INVESTOR MONTHLY FEES $1,666,666.67
GROUP 1 INVESTOR MONTHLY INTEREST $5,015,541.67
SERIES 1996-2 INFORMATION
SERIES 1996-2 ALLOCATION PERCENTAGE 13.33%
SERIES 1996-2 ALLOCABLE FINANCE CHARGE $20,671,417.55
COLLECTIONS
SERIES 1996-2 ADDITIONAL AMOUNTS $0.00
SERIES 1996-2 ALLOCABLE DEFAULTED AMOUNT $6,967,782.63
SERIES 1996-2 MONTHLY FEES $1,250,000.00
SERIES 1996-2 ALLOCABLE PRINCIPAL $246,718,736.33
COLLECTIONS
SERIES 1996-2 REQUIRED TRANSFEROR AMOUNT $70,000,000.00
FLOATING ALLOCATION PERCENTAGE 72.39%
C-5
71
<PAGE>
INVESTOR FINANCE CHARGE COLLECTIONS $14,963,910.88
INVESTOR DEFAULT AMOUNT $5,043,934.60
REALLOCATED INVESTOR FINANCE CHARGE $15,734,117.06
COLLECTIONS
PRINCIPAL ALLOCATIONS PERCENTAGE 72.39%
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
CLASS A AVAILABLE FUNDS ---
CLASS A FLOATING PERCENTAGE 85.00%
Class A Floating Percentage of $13,414,985.95
Reallocated
Investor Finance Charge Collections
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $13,414,985.95
Class A Monthly Interest $4,168,423.61
Class A Servicing Fee (if applicable) $0.00
Class A Investor Default Amount $4,287,344.41
TOTAL CLASS A EXCESS SPREAD $4,959,217.93
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS ---
CLASS B FLOATING PERCENTAGE 8.00%
CLASS B AVAILABLE FUNDS $1,258,729.36
Class B Monthly Interest $401,966.67
Class B Servicing Fee (if applicable) $0.00
TOTAL CLASS B EXCESS SPREAD $856,762.70
COLLATERAL AVAILABLE FUNDS --
COLLATERAL FLOATING PERCENTAGE 7.00%
COLLATERAL AVAILABLE FUNDS $1,101,388.19
Collateral Interest Servicing Fee $0.00
(if applicable)
TOTAL COLLATERAL EXCESS SPREAD $1,101,388.19
EXCESS SPREAD ---
TOTAL EXCESS SPREAD $6,917,368.82
C-6
72
<PAGE>
Excess Spread Applied to Class A $0.00
Required Amount
Excess Spread Applied to Class A $0.00
Investor Charge
Offs
Excess Spread Applied to Class B $403,514.77
Required Amount
Excess Spread Applied to Reductions of $0.00
Class B
Invested Amount pursuant to clauses (c),
(d) and (e)
Excess Spread Applied to Collateral $366,940.97
Monthly
Interest
Excess Spread Applied to Unpaid Monthly $1,666,666.67
Servicing Fee
Excess Spread Applied Collateral Default $353,075.42
Amount
Excess Spread Applied to Reductions of $0.00
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to Other Amounts $0.00
Owed to
Collateral Interest Holder
TOTAL EXCESS FINANCE CHARGE COLLECTIONS
ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES $4,127,170.99
EXCESS FINANCE CHARGES COLLECTIONS
TOTAL EXCESS FINANCE CHARGE COLLECTIONS $30,751,311.29
FOR ALL ALLOCATION SERIES
SERIES 1996-2 EXCESS FINANCE CHARGE
COLLECTIONS ---
EXCESS FINANCE CHARGE COLLECTIONS $0.00
ALLOCATED TO SERIES 1996-2
Excess Finance Charge Collections $0.00
Applied to
Class A Required Amount
Excess Finance Charge Collections $0.00
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections $0.00
Applied to
Class B Required Amount
Excess Finance Charge Collections $0.00
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections $0.00
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections $0.00
Applied to
Collateral Default Amount
C-7
73
<PAGE>
Excess Finance Charge Collections $0.00
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Reserve Account
Excess Finance Charge Collections $0.00
Applied to
Other Amounts Owed to Collateral
Interest Holder
YIELD AND BASE RATE---
Base Rate (Current Month) 7.92%
Base Rate (Prior Month) 7.35%
Base Rate (Two Months Ago) 7.34%
THREE MONTH AVERAGE BASE RATE 7.54%
Series Adj Portfolio Yield (Curr Month) 12.88%
Series Adj Portfolio Yield (Prior Month) 10.48%
Series Adj Port Yield (Two Months Ago) 11.71%
THREE MONTH AVERAGE SERIES ADJUSTED 11.69%
PORTFOLIO
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 85.00%
Class A Principal Collections $151,808,437.76
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $14,287,852.97
COLLATERAL PRINCIPAL PERCENTAGE 7.00%
Collateral Principal Collections $12,501,871.34
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1996-2 PRINCIPAL SHORTFALL $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE $0.00
FROM OTHER
PRINCIPAL SHARING SERIES
C-8
74
<PAGE>
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
PRINCIPAL FUNDING ACCOUNT BALANCE $0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE $183,642,096.67
FOR OTHER
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT $0.00
(OTHER THAN
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT $0.00
(OTHER
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
PREVIOUS COLLATERAL INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
AT&T UNIVERSAL CARD SERVICES CORP.,
as Servicer
By: ___/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
75
<PAGE>
AT&T Universal Funding Corporation
Credit Card Asset Backed Securities
AT&T Universal Card Master Trust
Series 1996-3
Monthly Report 31-Mar-98
Distribution Date 17-Apr-98
-------------------------------------------------------------------------
Monthly Trust Activity Class A Class B
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 850,000,000.00 80,000,000.00
Amount
Floating Allocation Percentage 85.0000000% 8.0000000%
Principal Allocation Percentage 85.0000000% 8.0000000%
Finance Charge Collections 12,719,324.24 1,197,112.87
Total Yield
Trust Portfolio Yield
Principal Collections 151,808,437.76 14,287,852.97
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 4,287,344.41 403,514.77
Monthly Default Rate
Net Monthly Default Rate
Recoveries 684,952.29 64,466.10
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00 0.00
Reimbursed Principal 0.00 0.00
Ending Invested/Transferor Amounts 850,000,000.00 80,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1995-1 Series 1995-3
Invested Amount 1,000,000,000.00 750,000,000.00
Average Rate 5.73198% 5.83718%
Investor Finance Charge Collections 15,769,737.10 11,827,302.83
Investor Principal Collections 178,598,162.07 133,948,621.55
Investor Default Amount Due 5,043,934.60 3,782,950.95
Investor Monthly Interest Due 4,935,867.36 3,769,842.19
Investor Monthly Fees Due 1,666,666.67 1,250,000.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements Class A Class B
Investor Coupon 5.78750% 5.98750%
Investor Monthly Interest Due 4,236,128.47 412,472.22
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 4,236,128.47 412,472.22
Investor Default Amount Due 4,287,344.41 403,514.77
Investor Monthly Fees Due 1,416,666.67 133,333.33
Investor Additional Fees Due 0.00 0.00
Total 9,940,139.55 949,320.32
76
<PAGE>
-------------------------------------------------------------------------
Reallocated Investor Finance Charge
Collections
Interest/Principal/Spread
Investment Proceeds
Series Adjusted Portfolio Yield
Base Rate
-------------------------------------------------------------------------
Application of Collections Class A Class B
Available Funds 13,480,940.16 1,264,986.20
Monthly Interest Paid 4,236,128.47 412,472.22
Investor Default Amount Paid 4,287,344.41 0.00
Excess Spread 4,957,467.28 852,513.98
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00 0.00
Investor Default Amount Shortfall 0.00 403,514.77
Required Amount 0.00 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 403,514.77
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid
Excess Finance Charge Collections
-------------------------------------------------------------------------
Reallocated Principal 0.00
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00 0.00
Principal Charge-Offs 0.00 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount
Principal Funding Account Deposit
Principal Funding Account Balance
-------------------------------------------------------------------------
Certificates Class A Class B
Beginning Certificates Balance 850,000,000.00 80,000,000.00
Interest Distribution 0.00 0.00
Principal Distribution 0.00 0.00
Total Distribution 0.00 0.00
Ending Certificate Balance 850,000,000.00 80,000,000.00
Pool Factor 100.000000% 100.000000%
Total Distribution Per 1,000 0.0000 0.0000
Certificate
Interest Distribution Per 1,000 0.0000 0.0000
Certificate
Principal Distribution Per 1,000 0.0000 0.0000
Certificate
1st Collection Account Deposit 4,236,128.47 412,472.22
2nd Collection Accounts Deposit 0.00 0.00
3rd Collection Accounts Deposit 0.00 0.00
Quarterly Interest Distribution 4,236,128.47 412,472.22
Delinquencies 1-30 31-60
Number of Accounts 193,540 40,433
Balance of Accounts 452,213,147 113,983,489
31+Days Delinquency Rate 3.0847%
Change in Account Owner Retained 0.0009%
Interest
Prior Month Account Owner Retained 0.2839%
Interest Factor
Current Month Account Owner 0.2848%
Retained Interest Factor
77
<PAGE>
Monthly Trust Activity CIA Investor Investor
Interest
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 70,000,000.00 1,000,000,000.00
Amount
Floating Allocation Percentage 7.0000000% 72.3893794%
Principal Allocation Percentage 7.0000000% 72.3893794%
Finance Charge Collections 1,047,473.76 14,963,910.88
Total Yield
Trust Portfolio Yield
Principal Collections 12,501,871.34 178,598,162.07
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 353,075.42 5,043,934.60
Monthly Default Rate
Net Monthly Default Rate
Recoveries 56,407.84 805,826.23
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00
Reimbursed Principal 0.00
Ending Invested/Transferor Amounts 70,000,000.00 1,000,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1996-1 Series 1996-2
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.78093% 5.73368%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 4,978,018.75 4,937,331.25
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements CIA Investor Total
Investor Coupon 6.08750%
Investor Monthly Interest Due 366,940.97 5,015,541.67
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 366,940.97 5,015,541.67
Investor Default Amount Due 353,075.42 5,043,934.60
Investor Monthly Fees Due 116,666.67 1,666,666.67
Investor Additional Fees Due 0.00 0.00
Total 836,683.06 11,726,142.93
-------------------------------------------------------------------------
Reallocated Investor Finance Charge 15,812,327.47
Collections
Interest/Principal/Spread 40,461.81
Investment Proceeds
Series Adjusted Portfolio Yield 12.97%
Base Rate 8.02%
-------------------------------------------------------------------------
Application of Collections CIA Investor Total
Available Funds 1,106,862.92 15,852,789.28
Monthly Interest Paid 0.00 4,648,600.69
Investor Default Amount Paid 0.00 4,287,344.41
Excess Spread 1,106,862.92 6,916,844.18
78
<PAGE>
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00
Investor Default Amount Shortfall 403,514.77
Required Amount 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 366,940.97 366,940.97
Investor Default Paid 353,075.42 756,590.19
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid 1,666,666.67
Excess Finance Charge Collections 4,126,646.35
-------------------------------------------------------------------------
Reallocated Principal 0.00 0.00
Monthly Interest Paid
Investor Default Paid 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00
Principal Charge-Offs 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount 0.00
Principal Funding Account Deposit 0.00
Principal Funding Account Balance 0.00
-------------------------------------------------------------------------
Certificates CIA Investor Total
Beginning Certificates Balance 70,000,000.00 1,000,000,000.00
Interest Distribution 366,940.97 366,940.97
Principal Distribution 0.00 0.00
Total Distribution 366,940.97 366,940.97
Ending Certificate Balance 70,000,000.00 1,000,000,000.00
Pool Factor 100.000000%
Total Distribution Per 1,000 5.2420
Certificate
Interest Distribution Per 1,000 5.2420
Certificate
Principal Distribution Per 1,000 0.0000
Certificate
1st Collection Account Deposit 4,648,600.69
2nd Collection Accounts Deposit 0.00
3rd Collection Accounts Deposit 0.00
Quarterly Interest Distribution 4,648,600.69
Delinquencies 61-90 91-120
Number of Accounts 21,846 15,697
Balance of Accounts 71,146,861 54,302,485
31+Days Delinquency Rate
Change in Account Owner Retained .. 0.00 CIA Investor Interest Reduced Margin
Interest
79
<PAGE>
Monthly Trust Activity Transferor Series
Interest Allocations
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage 13.33%
Beginning Invested /Transferor 381,418,114.65 1,381,418,114.65
Amount
Floating Allocation Percentage 27.6106206% 100.0000000%
Principal Allocation Percentage 27.6106206% 100.0000000%
Finance Charge Collections 5,707,506.67 20,671,417.55
Total Yield
Trust Portfolio Yield
Principal Collections 68,120,574.26 246,718,736.33
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 1,923,848.03 6,967,782.63
Monthly Default Rate
Net Monthly Default Rate
Recoveries 307,356.72 1,113,182.95
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 338,308,498.51 1,338,308,498.51
-------------------------------------------------------------------------
Group I Information Series 1996-3 Series 1997-1
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.82450% 5.75978%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 5,015,541.67 4,957,868.75
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Delinquencies 121+ Total
Number of Accounts 22,199 293,715
Balance of Accounts 80,166,235 771,812,217.04
80
<PAGE>
Monthly Trust Activity Trust
Totals
Beginning Principal Receivables 10,360,635,859.87
Balance
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,360,635,859.87
Series Allocation Percentage
Beginning Invested /Transferor
Amount
Floating Allocation Percentage
Principal Allocation Percentage
Finance Charge Collections 155,035,631.62
Total Yield 17.96%
Trust Portfolio Yield 12.87%
Principal Collections 1,850,390,522.45
Discount Percentage 0.00%
Discount Option Receivable 0.00
Collections
Monthly Payment Rate 17.86%
Defaults 52,258,369.70
Monthly Default Rate 6.05%
Net Monthly Default Rate 5.09%
Recoveries 8,348,872.12
Adjustments (29,030,111.81)
New Receivables 1,550,296,659.29
Ending Principal Receivables 10,037,313,738.82
Balance
Minimum Series Required Balance 1,070,000,000.00
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,037,313,738.82
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 10,037,313,738.82
-------------------------------------------------------
Group I Information Group Total
Invested Amount 5,750,000,000.00
Average Rate 5.77543%
Investor Finance Charge Collections 90,675,988.35
Investor Principal Collections 1,026,939,431.90
Investor Default Amount Due 29,002,623.95
Investor Monthly Interest Due 28,594,469.97
Investor Monthly Fees Due 9,583,333.33
Investor Additional Amounts Due 0.00
-------------------------------------------------------
81
<PAGE>
Group: Group 1
Series: Series 1996-3
Supplement Date: 17-Sep-96
MONTHLY STATEMENT
AT&T UNIVERSAL CARD MASTER TRUST
SERIES 1996-3
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(hereinafter as such agreement may have been or may be from time to time,
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
AT&T Universal Card Services Corp. ("UCS") as Servicer, AT&T Universal Funding
Corp. ("Funding"), as Transferor, and Bankers Trust Company, as trustee (the
'Trustee'), as supplemented by the Series 1996-3 Supplement dated as of 9/17/96
(the "Supplement") among UCS, Funding and the Trustee, as Servicer is required
to prepare certain information each month regarding current distributions to the
Series 1996-3 Certificateholders and the performance of the AT&T Universal Card
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the Distribution Date of 04/17/98 with
respect to the performance of the Trust during the month of 03/01/98 to 03/31/98
is set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1996-3 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 and the Supplement.
A) Information regarding distribution
in
respect of the Class A Certificates
per $1,000 original certificate
principal amount.
(1) The total amount of the
distribution in respect of Class A
Certificates, per $1,000 original
certificate principal amount $0.00000000
(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 $0.00000000
(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 $0.00
C-1
82
<PAGE>
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $0.00
(2) The amount of Class A Investors
Charge Offs set forth in paragraph 1
above, per $1,000 original
certificate
principal amount $0.00
(3) The total amount reimbursed in
respect of Class A Investor Charge
Offs $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
C) Information regarding distributions
in
respect of the Class B Certificates,
per $1,000 original certificate
principal amount
(1) The total amount of the
distribution in respect of Class B
Certificates, per $1,000 original
certificate principal amount $0.00000000
(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 $0.00000000
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class B
Certificates, per $1,000 original
certificate principal amount $0.00
D) Amount of reductions in Class B
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount
(1) The amount of reductions in Class
B Invested Amount pursuant to
clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount $0.00
C-2
83
<PAGE>
(2) The amount of reductions in
the Class B Invested Amount set
forth
in paragraph 1 above, per $1,000
original certificate principal $0.00
amount
(3) The total amount reimbursed in
respect of such reductions in the
Class B Invested Amount $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
E) Information regarding certain
distributions to the Collateral
Interest Holder
(1) The amount distributed to the
Collateral Interest Holder in
respect
of interest on the Collateral
Invested
Amount $366,940.97
(2) The amount distributed to the
Collateral Interest Holder in
respect
of principal on the Collateral
Invested Amount $0.00
F) Amount of reductions in Collateral
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Collateral Invested Amount
(1) The amount of reductions in the
Collateral Invested Amount pursuant
to
clauses (c), (d), and (e) of the
definition of Collateral Invested
Amount $0.00
(2) The total amount reimbursed in
respect of such reductions in the
Collateral Invested Amount $0.00
AT&T UNIVERSAL CARD SERVICES CORP.,
Servicer
By __/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
C-3
84
<PAGE>
RECEIVABLES ---
Beginning of the Month Principal $10,360,635,859.87
Receivables:
Beginning of the Month Finance Charge $97,353,930.83
Receivables:
Beginning of the Month Discounted $0.00
Receivables:
Beginning of the Month Premium $0.00
Receivables:
Beginning of the Month Total Receivables: $10,457,989,790.70
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 $0.00
Period:
Premium Receivables Generated this $0.00
Period:
End of the Month Principal Receivables: $10,037,313,738.82
End of the Month Finance Charge $87,629,238.03
Receivables:
End of the Month Discounted Receivables: $0.00
End of the Month Premium Receivables: $0.00
End of the Month Total Receivables: $10,124,942,976.85
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master $7,500,000,000.00
Trust Series)
End of the Month Transferor Amount $338,308,498.51
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
31-60 Days Delinquent $113,983,488.90
61-90 Days Delinquent $71,146,861.19
91+ Days Delinquent $134,468,719.79
Total 31+ Days Delinquent $319,599,069.88
Defaulted Accounts During the Month $52,258,369.70
C-4
85
<PAGE>
INVESTED AMOUNTS ---
Class A Initial Invested Amount $850,000,000
Class B Initial Invested Amount $80,000,000
Collateral Initial Invested Amount $70,000,000
INITIAL INVESTED AMOUNT $1,000,000,000
Class A Invested Amount $850,000,000.00
Class B Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
INVESTED AMOUNT $1,000,000,000
Class A Adjusted Invested Amount $850,000,000.00
Class B Adjusted Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
ADJUSTED INVESTED AMOUNT $1,000,000,000
MONTHLY SERVICING FEE $1,666,666.67
INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INFORMATION
WEIGHTED AVERAGE CERTIFICATE RATE FOR 5.82%
ALL SERIES
IN GROUP 1
GROUP 1 INVESTOR FINANCE CHARGE $15,769,737.10
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS $0.00
GROUP 1 INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INVESTOR MONTHLY FEES $1,666,666.67
GROUP 1 INVESTOR MONTHLY INTEREST $5,015,541.67
SERIES 1996-3 INFORMATION
SERIES 1996-3 ALLOCATION PERCENTAGE 13.33%
SERIES 1996-3 ALLOCABLE FINANCE CHARGE $20,671,417.55
COLLECTIONS
SERIES 1996-3 ADDITIONAL AMOUNTS $0.00
SERIES 1996-3 ALLOCABLE DEFAULTED AMOUNT $6,967,782.63
SERIES 1996-3 MONTHLY FEES $1,250,000.00
SERIES 1996-3 ALLOCABLE PRINCIPAL $246,718,736.33
COLLECTIONS
SERIES 1996-3 REQUIRED TRANSFEROR AMOUNT $70,000,000.00
FLOATING ALLOCATION PERCENTAGE 72.39%
C-5
86
<PAGE>
INVESTOR FINANCE CHARGE COLLECTIONS $14,963,910.88
INVESTOR DEFAULT AMOUNT $5,043,934.60
REALLOCATED INVESTOR FINANCE CHARGE $15,812,327.47
COLLECTIONS
PRINCIPAL ALLOCATIONS PERCENTAGE 72.39%
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
CLASS A AVAILABLE FUNDS ---
CLASS A FLOATING PERCENTAGE 85.00%
Class A Floating Percentage of $13,480,940.16
Reallocated
Investor Finance Charge Collections
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $13,480,940.16
Class A Monthly Interest $4,236,128.47
Class A Servicing Fee (if applicable) $0.00
Class A Investor Default Amount $4,287,344.41
TOTAL CLASS A EXCESS SPREAD $4,957,467.28
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS ---
CLASS B FLOATING PERCENTAGE 8.00%
CLASS B AVAILABLE FUNDS $1,264,986.20
Class B Monthly Interest $412,472.22
Class B Servicing Fee (if applicable) $0.00
TOTAL CLASS B EXCESS SPREAD $852,513.98
COLLATERAL AVAILABLE FUNDS --
COLLATERAL FLOATING PERCENTAGE 7.00%
COLLATERAL AVAILABLE FUNDS $1,106,862.92
Collateral Interest Servicing Fee $0.00
(if applicable)
TOTAL COLLATERAL EXCESS SPREAD $1,106,862.92
EXCESS SPREAD ---
TOTAL EXCESS SPREAD $6,916,844.18
C-6
87
<PAGE>
Excess Spread Applied to Class A $0.00
Required Amount
Excess Spread Applied to Class A $0.00
Investor Charge
Offs
Excess Spread Applied to Class B $403,514.77
Required Amount
Excess Spread Applied to Reductions of $0.00
Class B
Invested Amount pursuant to clauses (c),
(d) and (e)
Excess Spread Applied to Collateral $366,940.97
Monthly
Interest
Excess Spread Applied to Unpaid Monthly $1,666,666.67
Servicing Fee
Excess Spread Applied Collateral Default $353,075.42
Amount
Excess Spread Applied to Reductions of $0.00
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to Other Amounts $0.00
Owed to
Collateral Interest Holder
TOTAL EXCESS FINANCE CHARGE COLLECTIONS
ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES $4,126,646.35
EXCESS FINANCE CHARGES COLLECTIONS
TOTAL EXCESS FINANCE CHARGE COLLECTIONS $30,751,311.29
FOR ALL ALLOCATION SERIES
SERIES 1996-3 EXCESS FINANCE CHARGE
COLLECTIONS ---
EXCESS FINANCE CHARGE COLLECTIONS $0.00
ALLOCATED TO SERIES 1996-3
Excess Finance Charge Collections $0.00
Applied to
Class A Required Amount
Excess Finance Charge Collections $0.00
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections $0.00
Applied to
Class B Required Amount
Excess Finance Charge Collections $0.00
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections $0.00
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections $0.00
Applied to
Collateral Default Amount
C-7
88
<PAGE>
Excess Finance Charge Collections $0.00
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Reserve Account
Excess Finance Charge Collections $0.00
Applied to
Other Amounts Owed to Collateral
Interest Holder
YIELD AND BASE RATE---
Base Rate (Current Month) 8.02%
Base Rate (Prior Month) 7.62%
Base Rate (Two Months Ago) 7.62%
THREE MONTH AVERAGE BASE RATE 7.75%
Series Adj Portfolio Yield (Curr Month) 12.97%
Series Adj Portfolio Yield (Prior Month) 10.73%
Series Adj Port Yield (Two Months Ago) 11.88%
THREE MONTH AVERAGE SERIES ADJUSTED 11.86%
PORTFOLIO
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 85.00%
Class A Principal Collections $151,808,437.76
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $14,287,852.97
COLLATERAL PRINCIPAL PERCENTAGE 7.00%
Collateral Principal Collections $12,501,871.34
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1996-3 PRINCIPAL SHORTFALL $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE $0.00
FROM OTHER
PRINCIPAL SHARING SERIES
C-8
89
<PAGE>
ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
PRINCIPAL FUNDING ACCOUNT BALANCE $0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE $183,642,096.67
FOR OTHER
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT $0.00
(OTHER THAN
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT $0.00
(OTHER
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
PREVIOUS COLLATERAL INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
AT&T UNIVERSAL CARD SERVICES CORP.,
as Servicer
By: ___/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
90
<PAGE>
AT&T Universal Funding Corporation
Credit Card Asset Backed Securities
AT&T Universal Card Master Trust
Series 1997-1
Monthly Report 31-Mar-98
Distribution Date 17-Apr-98
-------------------------------------------------------------------------
Monthly Trust Activity Class A Class B
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 850,000,000.00 80,000,000.00
Amount
Floating Allocation Percentage 85.0000000% 8.0000000%
Principal Allocation Percentage 85.0000000% 8.0000000%
Finance Charge Collections 12,719,324.24 1,197,112.87
Total Yield
Trust Portfolio Yield
Principal Collections 151,808,437.76 14,287,852.97
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 4,287,344.41 403,514.77
Monthly Default Rate
Net Monthly Default Rate
Recoveries 684,952.29 64,466.10
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00 0.00
Reimbursed Principal 0.00 0.00
Ending Invested/Transferor Amounts 850,000,000.00 80,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1995-1 Series 1995-3
Invested Amount 1,000,000,000.00 750,000,000.00
Average Rate 5.73198% 5.83718%
Investor Finance Charge Collections 15,769,737.10 11,827,302.83
Investor Principal Collections 178,598,162.07 133,948,621.55
Investor Default Amount Due 5,043,934.60 3,782,950.95
Investor Monthly Interest Due 4,935,867.36 3,769,842.19
Investor Monthly Fees Due 1,666,666.67 1,250,000.00
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements Class A Class B
Investor Coupon 5.71500% 5.90500%
Investor Monthly Interest Due 4,183,062.50 406,788.89
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 4,183,062.50 406,788.89
Investor Default Amount Due 4,287,344.41 403,514.77
Investor Monthly Fees Due 1,416,666.67 133,333.33
Investor Additional Fees Due 0.00 0.00
Total 9,887,073.58 943,636.99
91
<PAGE>
-------------------------------------------------------------------------
Reallocated Investor Finance Charge
Collections
Interest/Principal/Spread
Investment Proceeds
Series Adjusted Portfolio Yield
Base Rate
-------------------------------------------------------------------------
Application of Collections Class A Class B
Available Funds 13,446,472.21 1,260,372.36
Monthly Interest Paid 4,183,062.50 406,788.89
Investor Default Amount Paid 4,287,344.41 0.00
Excess Spread 4,976,065.30 853,583.48
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00 0.00
Investor Default Amount Shortfall 0.00 403,514.77
Required Amount 0.00 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 403,514.77
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid
Excess Finance Charge Collections
-------------------------------------------------------------------------
Reallocated Principal 0.00
Monthly Interest Paid 0.00 0.00
Investor Default Paid 0.00 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00 0.00
Principal Charge-Offs 0.00 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount
Principal Funding Account Deposit
Principal Funding Account Balance
-------------------------------------------------------------------------
Certificates Class A Class B
Beginning Certificates Balance 850,000,000.00 80,000,000.00
Interest Distribution 0.00 0.00
Principal Distribution 0.00 0.00
Total Distribution 0.00 0.00
Ending Certificate Balance 850,000,000.00 80,000,000.00
Pool Factor 100.000000% 100.000000%
Total Distribution Per 1,000 0.0000 0.0000
Certificate
Interest Distribution Per 1,000 0.0000 0.0000
Certificate
Principal Distribution Per 1,000 0.0000 0.0000
Certificate
1st Collection Account Deposit 3,778,250.00 367,422.22
2nd Collection Accounts Deposit 4,183,062.50 406,788.89
3rd Collection Accounts Deposit 0.00 0.00
Quarterly Interest Distribution 7,961,312.50 774,211.11
Delinquencies 1-30 31-60
Number of Accounts 193,540 40,433
Balance of Accounts 452,213,147 113,983,489
31+Days Delinquency Rate 3.0847%
Change in Account Owner Retained 0.0009%
Interest
Prior Month Account Owner Retained 0.2839%
Interest Factor
Current Month Account Owner 0.2848%
Retained Interest Factor
92
<PAGE>
Monthly Trust Activity CIA Investor Investor
Interest
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage
Beginning Invested /Transferor 70,000,000.00 1,000,000,000.00
Amount
Floating Allocation Percentage 7.0000000% 72.3893794%
Principal Allocation Percentage 7.0000000% 72.3893794%
Finance Charge Collections 1,047,473.76 14,963,910.88
Total Yield
Trust Portfolio Yield
Principal Collections 12,501,871.34 178,598,162.07
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 353,075.42 5,043,934.60
Monthly Default Rate
Net Monthly Default Rate
Recoveries 56,407.84 805,826.23
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal 0.00
Charged-Off Principal 0.00
Reimbursed Principal 0.00
Ending Invested/Transferor Amounts 70,000,000.00 1,000,000,000.00
-------------------------------------------------------------------------
Group I Information Series 1996-1 Series 1996-2
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.78093% 5.73368%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 4,978,018.75 4,937,331.25
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Monthly Funding Requirements CIA Investor Total
Investor Coupon 6.10536%
Investor Monthly Interest Due 368,017.36 4,957,868.75
Investor Outstanding Interest Due 0.00 0.00
Investor Additional Interest Due 0.00 0.00
Investor Total Interest Due 368,017.36 4,957,868.75
Investor Default Amount Due 353,075.42 5,043,934.60
Investor Monthly Fees Due 116,666.67 1,666,666.67
Investor Additional Fees Due 0.00 0.00
Total 837,759.45 11,668,470.02
-------------------------------------------------------------------------
Reallocated Investor Finance Charge 15,754,654.56
Collections
Interest/Principal/Spread 55,015.84
Investment Proceeds
Series Adjusted Portfolio Yield 12.92%
Base Rate 7.95%
-------------------------------------------------------------------------
Application of Collections CIA Investor Total
Available Funds 1,102,825.82 15,809,670.40
Monthly Interest Paid 0.00 4,589,851.39
Investor Default Amount Paid 0.00 4,287,344.41
Excess Spread 1,102,825.82 6,932,474.60
93
<PAGE>
-------------------------------------------------------------------------
Monthly Interest Shortfall 0.00
Investor Default Amount Shortfall 403,514.77
Required Amount 403,514.77
-------------------------------------------------------------------------
Monthly Interest Paid 368,017.36 368,017.36
Investor Default Paid 353,075.42 756,590.19
Investor Additional Amounts Paid 0.00 0.00
Servicing Fee Paid 1,666,666.67
Excess Finance Charge Collections 4,141,200.38
-------------------------------------------------------------------------
Reallocated Principal 0.00 0.00
Monthly Interest Paid
Investor Default Paid 0.00
-------------------------------------------------------------------------
Outstanding Monthly Interest 0.00
Principal Charge-Offs 0.00
-------------------------------------------------------------------------
Principal Funding
Controlled Accumulation Amount 0.00
Principal Funding Account Deposit 0.00
Principal Funding Account Balance 0.00
-------------------------------------------------------------------------
Certificates CIA Investor Total
Beginning Certificates Balance 70,000,000.00 1,000,000,000.00
Interest Distribution 368,017.36 368,017.36
Principal Distribution 0.00 0.00
Total Distribution 368,017.36 368,017.36
Ending Certificate Balance 70,000,000.00 1,000,000,000.00
Pool Factor 100.000000%
Total Distribution Per 1,000 5.2574
Certificate
Interest Distribution Per 1,000 5.2574
Certificate
Principal Distribution Per 1,000 0.0000
Certificate
1st Collection Account Deposit 4,145,672.22
2nd Collection Accounts Deposit 4,589,851.39
3rd Collection Accounts Deposit 0.00
Quarterly Interest Distribution 8,735,523.61
Delinquencies 61-90 91-120
Number of Accounts 21,846 15,697
Balance of Accounts 71,146,861 54,302,485
31+Days Delinquency Rate
Change in Account Owner Retained(1,937.50) CIA Investor Interest Reduced Margin
Interest
94
<PAGE>
Monthly Trust Activity Transferor Series
Interest Allocations
Beginning Principal Receivables
Balance
Special Funding Account Balance
Ending Total Principal Balance
Series Allocation Percentage 13.33%
Beginning Invested /Transferor 381,418,114.65 1,381,418,114.65
Amount
Floating Allocation Percentage 27.6106206% 100.0000000%
Principal Allocation Percentage 27.6106206% 100.0000000%
Finance Charge Collections 5,707,506.67 20,671,417.55
Total Yield
Trust Portfolio Yield
Principal Collections 68,120,574.26 246,718,736.33
Discount Percentage
Discount Option Receivable 0.00 0.00
Collections
Monthly Payment Rate
Defaults 1,923,848.03 6,967,782.63
Monthly Default Rate
Net Monthly Default Rate
Recoveries 307,356.72 1,113,182.95
Adjustments
New Receivables
Ending Principal Receivables
Balance
Minimum Series Required Balance
Special Funding Account Balance
Ending Total Principal Balance
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 338,308,498.51 1,338,308,498.51
-------------------------------------------------------------------------
Group I Information Series 1996-3 Series 1997-1
Invested Amount 1,000,000,000.00 1,000,000,000.00
Average Rate 5.82450% 5.75978%
Investor Finance Charge Collections 15,769,737.10 15,769,737.10
Investor Principal Collections 178,598,162.07 178,598,162.07
Investor Default Amount Due 5,043,934.60 5,043,934.60
Investor Monthly Interest Due 5,015,541.67 4,957,868.75
Investor Monthly Fees Due 1,666,666.67 1,666,666.67
Investor Additional Amounts Due 0.00 0.00
-------------------------------------------------------------------------
Delinquencies 121+ Total
Number of Accounts 22,199 293,715
Balance of Accounts 80,166,235 771,812,217.04
95
<PAGE>
Monthly Trust Activity Trust
Totals
Beginning Principal Receivables 10,360,635,859.87
Balance
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,360,635,859.87
Series Allocation Percentage
Beginning Invested /Transferor
Amount
Floating Allocation Percentage
Principal Allocation Percentage
Finance Charge Collections 155,035,631.62
Total Yield 17.96%
Trust Portfolio Yield 12.87%
Principal Collections 1,850,390,522.45
Discount Percentage 0.00%
Discount Option Receivable 0.00
Collections
Monthly Payment Rate 17.86%
Defaults 52,258,369.70
Monthly Default Rate 6.05%
Net Monthly Default Rate 5.09%
Recoveries 8,348,872.12
Adjustments (29,030,111.81)
New Receivables 1,550,296,659.29
Ending Principal Receivables 10,037,313,738.82
Balance
Minimum Series Required Balance 1,070,000,000.00
Special Funding Account Balance 0.00
Ending Total Principal Balance 10,037,313,738.82
Reallocated Principal
Charged-Off Principal
Reimbursed Principal
Ending Invested/Transferor Amounts 10,037,313,738.82
-------------------------------------------------------
Group I Information Group Total
Invested Amount 5,750,000,000.00
Average Rate 5.77543%
Investor Finance Charge Collections 90,675,988.35
Investor Principal Collections 1,026,939,431.90
Investor Default Amount Due 29,002,623.95
Investor Monthly Interest Due 28,594,469.97
Investor Monthly Fees Due 9,583,333.33
Investor Additional Amounts Due 0.00
-------------------------------------------------------
96
<PAGE>
Group: Group 1
Series: Series 1997-1
Supplement Date: 14-May-97
MONTHLY STATEMENT
AT&T UNIVERSAL CARD MASTER TRUST
SERIES 1997-1
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(hereinafter as such agreement may have been or may be from time to time,
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
AT&T Universal Card Services Corp. ("UCS") as Servicer, AT&T Universal Funding
Corp. ("Funding"), as Transferor, and Bankers Trust Company, as trustee (the
'Trustee'), as supplemented by the Series 1997-1 Supplement dated as of 5/14/97
(the "Supplement") among UCS, Funding and the Trustee, as Servicer is required
to prepare certain information each month regarding current distributions to the
Series 1997-1 Certificateholders and the performance of the AT&T Universal Card
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the Distribution Date of 04/17/98 with
respect to the performance of the Trust during the month of 03/01/98 to 03/31/98
is set forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1997-1 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 and the Supplement.
A) Information regarding distribution
in
respect of the Class A Certificates
per $1,000 original certificate
principal amount.
(1) The total amount of the
distribution in respect of Class A
Certificates, per $1,000 original
certificate principal amount $0.00000000
(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 $0.00000000
(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 $0.00
C-1
97
<PAGE>
B) Class A Investor Charge Offs and
Reimbursement of Charge Offs
(1) The amount of Class A Investor
Charge Offs $0.00
(2) The amount of Class A Investors
Charge Offs set forth in paragraph 1
above, per $1,000 original
certificate
principal amount $0.00
(3) The total amount reimbursed in
respect of Class A Investor Charge
Offs $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
C) Information regarding distributions
in
respect of the Class B Certificates,
per $1,000 original certificate
principal amount
(1) The total amount of the
distribution in respect of Class B
Certificates, per $1,000 original
certificate principal amount $0.00000000
(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 $0.00000000
(3) The amount of the distribution
set forth in paragraph 1 above in
respect of principal of the Class B
Certificates, per $1,000 original
certificate principal amount $0.00
D) Amount of reductions in Class B
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount
(1) The amount of reductions in Class
B Invested Amount pursuant to
clauses
(c), (d), and (e) of the definition
of
Class B Invested Amount $0.00
C-2
98
<PAGE>
(2) The amount of reductions in
the Class B Invested Amount set
forth
in paragraph 1 above, per $1,000
original certificate principal $0.00
amount
(3) The total amount reimbursed in
respect of such reductions in the
Class B Invested Amount $0.00
(4) The amount set forth in paragraph
3 above, per $1,000 original
certificate principal amount $0.00
(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 $0.00
E) Information regarding certain
distributions to the Collateral
Interest Holder
(1) The amount distributed to the
Collateral Interest Holder in
respect
of interest on the Collateral
Invested
Amount $368,017.36
(2) The amount distributed to the
Collateral Interest Holder in
respect
of principal on the Collateral
Invested Amount $0.00
F) Amount of reductions in Collateral
Invested Amount pursuant to clauses
(c), (d), and (e) of the definition
of
Collateral Invested Amount
(1) The amount of reductions in the
Collateral Invested Amount pursuant
to
clauses (c), (d), and (e) of the
definition of Collateral Invested
Amount $0.00
(2) The total amount reimbursed in
respect of such reductions in the
Collateral Invested Amount $0.00
AT&T UNIVERSAL CARD SERVICES CORP.,
Servicer
By ___/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
C-3
99
<PAGE>
RECEIVABLES ---
Beginning of the Month Principal $10,360,635,859.87
Receivables:
Beginning of the Month Finance Charge $97,353,930.83
Receivables:
Beginning of the Month Discounted $0.00
Receivables:
Beginning of the Month Premium $0.00
Receivables:
Beginning of the Month Total Receivables: $10,457,989,790.70
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 $0.00
Period:
Premium Receivables Generated this $0.00
Period:
End of the Month Principal Receivables: $10,037,313,738.82
End of the Month Finance Charge $87,629,238.03
Receivables:
End of the Month Discounted Receivables: $0.00
End of the Month Premium Receivables: $0.00
End of the Month Total Receivables: $10,124,942,976.85
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master $7,500,000,000.00
Trust Series)
End of the Month Transferor Amount $338,308,498.51
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
31-60 Days Delinquent $113,983,488.90
61-90 Days Delinquent $71,146,861.19
91+ Days Delinquent $134,468,719.79
Total 31+ Days Delinquent $319,599,069.88
Defaulted Accounts During the Month $52,258,369.70
C-4
100
<PAGE>
INVESTED AMOUNTS ---
Class A Initial Invested Amount $850,000,000
Class B Initial Invested Amount $80,000,000
Collateral Initial Invested Amount $70,000,000
INITIAL INVESTED AMOUNT $1,000,000,000
Class A Invested Amount $850,000,000.00
Class B Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
INVESTED AMOUNT $1,000,000,000
Class A Adjusted Invested Amount $850,000,000.00
Class B Adjusted Invested Amount $80,000,000.00
Collateral Invested Amount $70,000,000.00
ADJUSTED INVESTED AMOUNT $1,000,000,000
MONTHLY SERVICING FEE $1,666,666.67
INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INFORMATION
WEIGHTED AVERAGE CERTIFICATE RATE FOR 5.82%
ALL SERIES
IN GROUP 1
GROUP 1 INVESTOR FINANCE CHARGE $15,769,737.10
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS $0.00
GROUP 1 INVESTOR DEFAULT AMOUNT $5,043,934.60
GROUP 1 INVESTOR MONTHLY FEES $1,666,666.67
GROUP 1 INVESTOR MONTHLY INTEREST $5,015,541.67
SERIES 1997-1 INFORMATION
SERIES 1997-1 ALLOCATION PERCENTAGE 13.33%
SERIES 1997-1 ALLOCABLE FINANCE CHARGE $20,671,417.55
COLLECTIONS
SERIES 1997-1 ADDITIONAL AMOUNTS $0.00
SERIES 1997-1 ALLOCABLE DEFAULTED AMOUNT $6,967,782.63
SERIES 1997-1 MONTHLY FEES $1,250,000.00
SERIES 1997-1 ALLOCABLE PRINCIPAL $246,718,736.33
COLLECTIONS
SERIES 1997-1 REQUIRED TRANSFEROR AMOUNT $70,000,000.00
FLOATING ALLOCATION PERCENTAGE 72.39%
C-5
101
<PAGE>
INVESTOR FINANCE CHARGE COLLECTIONS $14,963,910.88
INVESTOR DEFAULT AMOUNT $5,043,934.60
REALLOCATED INVESTOR FINANCE CHARGE $15,754,654.56
COLLECTIONS
PRINCIPAL ALLOCATIONS PERCENTAGE 72.39%
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
CLASS A AVAILABLE FUNDS ---
CLASS A FLOATING PERCENTAGE 85.00%
Class A Floating Percentage of $13,446,472.21
Reallocated
Investor Finance Charge Collections
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $13,446,472.21
Class A Monthly Interest $4,183,062.50
Class A Servicing Fee (if applicable) $0.00
Class A Investor Default Amount $4,287,344.41
TOTAL CLASS A EXCESS SPREAD $4,976,065.30
CLASS A REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS ---
CLASS B FLOATING PERCENTAGE 8.00%
CLASS B AVAILABLE FUNDS $1,260,372.36
Class B Monthly Interest $406,788.89
Class B Servicing Fee (if applicable) $0.00
TOTAL CLASS B EXCESS SPREAD $853,583.48
COLLATERAL AVAILABLE FUNDS --
COLLATERAL FLOATING PERCENTAGE 7.00%
COLLATERAL AVAILABLE FUNDS $1,102,825.82
Collateral Interest Servicing Fee $0.00
(if applicable)
TOTAL COLLATERAL EXCESS SPREAD $1,102,825.82
EXCESS SPREAD ---
TOTAL EXCESS SPREAD $6,932,474.60
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Excess Spread Applied to Class A $0.00
Required Amount
Excess Spread Applied to Class A $0.00
Investor Charge
Offs
Excess Spread Applied to Class B $403,514.77
Required Amount
Excess Spread Applied to Reductions of $0.00
Class B
Invested Amount pursuant to clauses (c),
(d) and (e)
Excess Spread Applied to Collateral $368,017.36
Monthly
Interest
Excess Spread Applied to Unpaid Monthly $1,666,666.67
Servicing Fee
Excess Spread Applied Collateral Default $353,075.42
Amount
Excess Spread Applied to Reductions of $0.00
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to Other Amounts $0.00
Owed to
Collateral Interest Holder
TOTAL EXCESS FINANCE CHARGE COLLECTIONS
ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES $4,141,200.38
EXCESS FINANCE CHARGES COLLECTIONS
TOTAL EXCESS FINANCE CHARGE COLLECTIONS $30,751,311.29
FOR ALL ALLOCATION SERIES
SERIES 1997-1 EXCESS FINANCE CHARGE
COLLECTIONS ---
EXCESS FINANCE CHARGE COLLECTIONS $0.00
ALLOCATED TO SERIES 1997-1
Excess Finance Charge Collections $0.00
Applied to
Class A Required Amount
Excess Finance Charge Collections $0.00
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections $0.00
Applied to
Class B Required Amount
Excess Finance Charge Collections $0.00
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections $0.00
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections $0.00
Applied to
Collateral Default Amount
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Excess Finance Charge Collections $0.00
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections $0.00
Applied to
Reserve Account
Excess Finance Charge Collections $0.00
Applied to
Other Amounts Owed to Collateral
Interest Holder
YIELD AND BASE RATE---
Base Rate (Current Month) 7.95%
Base Rate (Prior Month) 7.37%
Base Rate (Two Months Ago) 7.59%
THREE MONTH AVERAGE BASE RATE 7.64%
Series Adj Portfolio Yield (Curr Month) 12.92%
Series Adj Portfolio Yield (Prior Month) 10.58%
Series Adj Port Yield (Two Months Ago) 11.97%
THREE MONTH AVERAGE SERIES ADJUSTED 11.82%
PORTFOLIO
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 85.00%
Class A Principal Collections $151,808,437.76
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $14,287,852.97
COLLATERAL PRINCIPAL PERCENTAGE 7.00%
Collateral Principal Collections $12,501,871.34
AVAILABLE PRINCIPAL COLLECTIONS $178,598,162.07
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SERIES 1997-1 PRINCIPAL SHORTFALL $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE $0.00
FROM OTHER
PRINCIPAL SHARING SERIES
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ACCUMULATION ---
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DEPOSIT AMOUNT $0.00
PRINCIPAL FUNDING ACCOUNT BALANCE $0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE $183,642,096.67
FOR OTHER
PRINCIPAL SHARING SERIES
INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS $0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT $0.00
(OTHER THAN
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT $0.00
(OTHER
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
PREVIOUS COLLATERAL INVESTED AMOUNT $0.00
REDUCTIONS
REIMBURSED
AT&T UNIVERSAL CARD SERVICES CORP.,
as Servicer
By: ___/s/ Tom Donahue
Name: Tom Donahue
Title: Servicing Officer
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