8-K 1 at73101.txt ASSOCIATES MONTHLY 8-K 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) August 14, 2001 Associates Credit Card Receivables Corp. Associates Credit Card Master Note Trust (Exact name of registrant as specified in its charter) Delaware 333-94867 75-2709748 333-9486701 (State or Other (Commission File (IRS Employer Jurisdiction of Number) Identification Incorporation) Number) 290 E. Carpenter Freeway, Irving, Texas 75062-2729 (Address of Principal Executive Office) (Zip Code) Registrants telephone number, including area code (972) 652-4000 Item 5. Other Events The monthly statements for the month of July 2001 were distributed to Noteholders on August 17, 2001 Item 7 (C). Exhibits. Exhibit No. Description 20.1 Series 2000-1 monthly statement for the month of July 2001. 20.2 Series 2000-2 monthly statement for the month of July 2001. 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. ASSOCIATES CREDIT CARD RECEIVABLES CORP By: __/s/ David Keller David Keller Executive Vice President

File:~~June018k_2000~~July018k_2000-1 CONFIDENTIAL Servicer's Report Date of Report: ~~July~~August 16, 2001 Interest Period: ~~June~~July 1817, 2001 to ~~July~~August 16, 2001, Pay on ~~July~~August 17th Associates Credit Card Master Note Trust, Series 2000-1 ---------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Transferor Trust Interest Totals ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Beginning Principal Receivables Balance 6,~~885~~819,~~015~~383,~~789~~918.5475 Beginning Fin. Chrg. Receivables Balance ~~350~~339,~~340~~275,~~011~~190.2591 Beginning Total Receivables Balance 7,~~235~~158,~~355~~659,~~800~~109.7966 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 1,~~301~~235,~~178~~546,~~389~~518.5475 Ending Period Invested Amount 1,~~235~~202,~~546~~397,~~518~~616.7584 Class A Class B Class C Total Series Monthly Master Note Trust Activities Note Note Note Note ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Initial Invested Amount 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00 Beginning Period Invested Amount 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00 Note Principal Balance Increase 0.00 0.00 0.00 0.00 Note Principal Balance Decrease 0.00 0.00 0.00 0.00 Reductions in Invested Amount this Period (Other than by Principal Payments) 0.00 0.00 0.00 0.00 Previous Reductions in Invested Amount Reimbursed this Period 0.00 0.00 0.00 0.00 Ending Special Funding Accnt Balance Ending Spread Account Balance Ending Reserve Account Balance Ending Period Invested Amount 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00

------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ Group I Information Series 2000-1 ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ Beginning Invested Amount 1,000,000,000.00 Average Rate 4.3706% Allocable Finance Charge Collections 2120,~~504~~494,~~161~~820.9468 Allocable Principal Collections 8986,~~399~~784,~~814~~126.9263 Allocable Default Amount Due 98,~~878~~876,~~979~~927.2771 Allocable Monthly Interest Due 3,~~882~~497,~~644~~596.4553 Allocable Monthly Servicing Fees Due 1,666,666.67 Ending Invested Amount 1,000,000,000.00

---------------------------------------- ---------------------------------------- Payout Event Tests ---------------------------------------- ---------------------------------------- Base Rate Trigger 3 Month Average Portfolio Yield 13.9039% 3 Month Average Base Rate 6.9721% Spread 67.9318% Trigger Pass Test: If Spread is >0, "Yes" Yes Transferor's Interest Trigger Required Transferor Interest ~~481~~475,~~951~~036,~~105~~451.2718 Transferor Interest 1,~~301~~202,~~178~~397,~~389~~616.5484 Trigger Pass Test Yes

ASSOCIATES CREDIT CARD MASTER NOTE TRUST Series 2000-1 Pursuant to the Master Indenture dated as of April 1, 2000 (as amended and supplemented, the "Master Indenture"), between Associates Credit Card Master Note Trust (the "Trust) and the Bank of New York, as indenture trustee (the Indenture Trustee), as supplemented by the Series 2000-1 Indenture Supplement, dated as of June 13, 2000 (the "Indenture Supplement"), between the Trust and the Indenture Trustee, Associates National Bank(Delaware), as Servicer (the "Servicer") under the Transfer and Servicing Agreement, dated as of April 1, 2000 (the "Transfer and Servicing Agreement") among Associates Credit Card Receivables Corp., as Transferor, the Servicer and the Trust, is required to prepare certain information each month regarding current distributions to the Series 2000-1 Noteholders and the performance of the Trust during the previous month. The information which is required to be prepared with respect to the Distribution Date of August 17, 2001, and with respect to the performance of the Trust during the month of July is set forth below. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Master Indenture and the Indenture Supplement. Current Transaction Period: Revolving Period Any Cash Flow Shortfalls this Period No Any Cash Flow Shortfalls from Previous Period No Payout Event this Period: No Group I Participants: Series 2000-1

MASTER NOTE TRUST RECEIVABLES YIELD AND BASE RATE -- July: (31 posting days)

Yield Defaults Total Portfolio Yield (Current Month) 2423.9980% 1110.8131% 13.1849% Portfolio Yield (Prior Month) 24.9799% 11.4781% 13.5018% Portfolio Yield (Two Months Ago) 24.4197% 1211.9647% 1113.4650% THREE MONTH AVERAGE PORTFOLIO YIELD 1213.7139% -------------------- --------------------

Servicing Coupon Total Base Rate (Current Month) 2.00% 4.2006% 6.2006% Base Rate (Prior Month) 2.00% 4.3720% 6.3720% Base Rate (Two Months Ago) 2.00% 54.2637% 76.2637% THREE MONTH AVERAGE BASE RATE 6.6121% -------------------- --------------------

Beginning Period Principal Receivables 6,~~885~~819,~~015~~383,~~789~~918.5475 Beginning Period Finance Charge Receivables ~~350~~339,~~340~~275,~~011~~190.2591 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 7,~~235~~158,~~355~~659,~~800~~109.7966 Removed Principal Receivables 0.00 Removed Finance Charge Receivables 0.00 Removed Total Receivables 0.00 Discounted Receivables Generated this Period 0.00 Additional Principal Receivables 0.00 Additional Finance Charge Receivables 0.00 Additional Total Receivables 0.00 Total Principal Collections this Period ~~614~~591,~~486~~814,~~741~~277.2151 Total Defaulted Principal Receivables this Period 6760,~~767~~535,~~170~~178.6910 Total Receivables Adjustments this Period 3126,~~207~~097,~~093~~498.5712 Total Finance Charge Collections this Period ~~143~~139,~~375~~762,~~463~~050.5954 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,~~819~~786,~~383~~235,~~918~~016.7584 Ending Period Finance Charge Receivables ~~339~~332,~~275~~911,~~190~~900.9150 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 7,~~158~~119,~~659~~146,~~109~~917.6634 DELINQUENCY INFORMATION ~~0.00~~ End of the Month Principal Delinquencies: ~~0.00~~ 31-60 Days Delinquent ~~161~~168,~~616~~692,~~542~~876.6437 61-90 Days Delinquent 97107,~~516~~196,~~935~~672.6167 91+ Days Delinquent ~~185~~192,~~569~~263,~~723~~790.6690 Total 31+ Days Delinquent ~~444~~468,~~703~~153,~~201~~339.9194

ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-1 FLOATING INVESTOR PERCENTAGE 0.146641 FIXED INVESTOR PERCENTAGE 0.146641

FINANCE CHARGE ALLOCATIONS Total ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Finance Charge Collections ~~143~~139,~~375~~762,~~463~~050.5954 --------------------- --------------------- Investor Percentage 0.~~145243~~146641 --------------------- --------------------- Investor Finance Charge Collections 20,~~824~~494,~~275~~820.2168 20,~~824~~494,~~275~~820.2168 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 20,~~824~~494,~~275~~820.2168 20,~~824~~494,~~275~~820.2168

CASH FLOW ALLOCATIONS

Class A Distributions (1)Class A Monthly Interest 2,~~507~~587,~~050~~509.0072 (2)Class A Monthly Interest Previously Due 0.00 (3)Class A Monthly Additional Interest 0.00 (4)Class A Monthly Additional Interest Previously Due 0.00 Total Class A Monthly Interest 2,~~507~~587,~~050~~509.0072 Class B Distributions (5)Class B Monthly Interest ~~355~~367,~~874~~950.3109 (6)Class B Monthly Interest Previously Due 0.00 (7)Class B Monthly Additional Interest 0.00 (8)Class B Monthly Additional Interest Previously Due 0.00 Total Class B Monthly Interest ~~355~~367,~~874~~950.3109 (9)Total Monthly Servicing Fee for Series 1,666,666.67 (10)Total Servicing Fee for Series Previously Due 0.00 (11)Class A Prepayable Increase Amount Interest 0.00 (12)Class B Prepayable Increase Amount Interest 0.00 (13)Investor Default Amount 98,~~842~~876,~~703~~927.7471 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest ~~522~~542,~~805~~136.5672 (21)Funds Required per Note Agreement under Sections 2.07, 2.08 & 2.09 0.00 (22)Funds Required per Note Agreement under Sections 2.04 (e) & 7.01 0.00 Spread Account Distributions (23)Class C Spread Account Required Deposit 0.00 TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER SERIES' ALLOCATIONS 56,~~929~~453,~~174~~629.9277 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 56,~~929~~453,~~174~~629.9277

PRINCIPAL ALLOCATIONS Class A Class B ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Principal Collections ~~614~~591,~~486~~814,~~741~~277.2151 --------------------- --------------------- Investor Percentage 0.~~145243~~146641 --------------------- --------------------- Investor Principal Collections 8986,~~249~~784,~~866~~126.6763 Shared Principal Collections from other Series' ~~525~~505,~~236~~030,~~874~~150.5488 Available Principal Collections ~~614~~591,~~486~~814,~~741~~277.2151 Controlled Amoritization Amount 0.00 0.00 Partial Amoritization Amount 0.00 0.00 Deficiency Controlled Amoritization Amount 0.00 0.00 Monthly Principal Amount 0.00 0.00 Principal Shortfall Reallocated Principal to other Series' 0.00 0.00 Class C Total ------------------------------------------ ------------------------------------------ Controlled Amoritization Amount 0.00 0.00 Partial Amoritization Amount 0.00 0.00 Deficiency Controlled Amoritization Amount 0.00 0.00 Monthly Principal Amount 0.00 0.00 Principal Shortfall Reallocated Principal to other Series' 0.00

ASSOCIATES CREDIT CARD MASTER NOTE TRUST

Group 1 Coupon Rate Balance Interest Payments --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- Series 2000-1, Class A 43.1095% $ 760,000,000.00 $ 2,~~507~~587,~~050~~509.0072 Series 2000-1, Class B 4.3117% $ 102,500,000.00 $ ~~355~~367,~~874~~950.3109 Series 2000-1, Class C 4.7258% $ 137,500,000.00 $ ~~522~~542,~~805~~136.5672

Series 2000-1 -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- Class A Class B Class C Total --------------------- --------------------- --------------------- -------------------- --------------------- --------------------- --------------------- -------------------- Principal Distribution Required Amt $ - $ - - $ - - $ - Interest Distribution Required Amt $ 2,~~507~~587,~~050~~509.0072 $ ~~355~~367,~~874~~950.3109 $ ~~522~~542,~~805~~136.5672 $ 3,~~385~~497,~~729~~596.8753 Unpaid Principal Shortfalls paid $ - $ - $ - $ - Unpaid Interest Shortfalls paid $ - $ - $ - $ - Prepayable Interest $ - $ - $ - $ - Servicing Fee $ 1,666,666.67 $ 1,666,666.67 --------------------- --------------------- --------------------- -------------------- --------------------- --------------------- --------------------- -------------------- Total Required Distribution $ 2,~~507~~587,~~050~~509.0072 $ ~~355~~367,~~874~~950.3109 $ 2,~~189~~208,~~472~~803.2339 $ 5,~~052~~164,~~396~~263.5420 ===================== ===================== ===================== ==================== ===================== ===================== ===================== ====================

File:~~June018k_2000~~July018k_2000-2 CONFIDENTIAL Servicer's Report Date of Report: ~~July~~August 16, 2001 Interest Period: ~~June~~July 1817, 2001 to ~~July~~August 16, 2001, Pay on ~~July~~August 17th Associates Credit Card Master Note Trust, Series 2000-2 --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Transferor Trust Interest Totals ---------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Beginning Principal Receivables Balance 6,~~885~~819,~~015~~383,~~789~~918.5475 Beginning Fin. Chrg. Receivables Balance ~~350~~339,~~340~~275,~~011~~190.2591 Beginning Total Receivables Balance 7,~~235~~158,~~355~~659,~~800~~109.7966 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 1,~~301~~235,~~178~~546,~~389~~518.5475 Ending Period Invested Amount 1,~~235~~202,~~546~~397,~~518~~616.7584 Class A Class B Class C Total Series Monthly Master Note Trust Activities Note Note Note Note ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Initial Invested Amount 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00 Beginning Period Invested Amount 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00 Note Principal Balance Increase 0.00 0.00 0.00 0.00 Note Principal Balance Decrease 0.00 0.00 0.00 0.00 Reductions in Invested Amount this Period (Other than by Principal Payments) 0.00 0.00 0.00 0.00 Previous Reductions in Invested Amount Reimbursed this Period 0.00 0.00 0.00 0.00 Ending Special Funding Accnt Balance Ending Spread Account Balance Ending Reserve Account Balance Ending Period Invested Amount 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00

----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Group I Information Series 2000-2 ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Beginning Invested Amount 789,474,000.00 Average Rate 4.1804% Allocable Finance Charge Collections 16,~~440~~180,~~223~~128.8406 Allocable Principal Collections 7068,~~460~~513,~~449~~811.2458 Allocable Default Amount Due 7,~~770~~008,~~558~~103.7063 Allocable Monthly Interest Due 2,~~660~~748,~~862~~345.5202 Allocable Monthly Servicing Fees Due 1,315,790.00 Ending Invested Amount 789,474,000.00

---------------------------------------- ---------------------------------------- Payout Event Tests ---------------------------------------- ---------------------------------------- Base Rate Trigger 3 Month Average Portfolio Yield 1213.7139% 3 Month Average Base Rate 6.5919% Spread 67.1220% Trigger Pass Test: If Spread is >0, "Yes" Yes Transferor's Interest Trigger Required Transferor Interest ~~477~~475,~~356~~036,~~874~~451.3118 Transferor Interest 1,~~235~~202,~~546~~397,~~518~~616.7584 Trigger Pass Test Yes

ASSOCIATES CREDIT CARD MASTER NOTE TRUST Series 2000-2 Pursuant to the Master Indenture dated as of April 1, 2000 (as amended and supplemented, the "Master Indenture"), between Associates Credit Card Master Note Trust (the "Trust) and the Bank of New York, as indenture trustee (the Indenture Trustee), as supplemented by the Series 2000-2 Indenture Supplement, dated as of June 13, 2000 (the "Indenture Supplement"), between the Trust and the Indenture Trustee, Associates National Bank(Delaware), as Servicer (the "Servicer") under the Transfer and Servicing Agreement, dated as of April 1, 2000 (the "Transfer and Servicing Agreement") among Associates Credit Card Receivables Corp., as Transferor, the Servicer and the Trust, is required to prepare certain information each month regarding current distributions to the Series 2000-2 Noteholders and the performance of the Trust during the previous month. The information which is required to be prepared with respect to the Distribution Date of August 17, 2001, and with respect to the the respect to the performance of the Trust during the month of July is set forth below. Capitalized terms used in this Monthly Statement have their respective meanings set forth in the Master Indenture and the Indenture Supplement. Current Transaction Period: Revolving Period Any Cash Flow Shortfalls this Period No Any Cash Flow Shortfalls from Previous Period No Payout Event this Period: No Group I Participants: Series 2000-2

MASTER NOTE TRUST RECEIVABLES YIELD AND BASE RATE -- July: (31 posting days)

Servicing Coupon Total Base Rate (Current Month) 2.00% 4.1804% 6.1804% Base Rate (Prior Month) 2.00% 4.3518% 6.3518% Base Rate (Two Months Ago) 2.00% 54.2435% 76.2435% THREE MONTH AVERAGE BASE RATE 6.5919% --------------------- ---------------------

Beginning Period Principal Receivables 6,~~885~~819,~~015~~383,~~789~~918.5475 Beginning Period Finance Charge Receivables ~~350~~339,~~340~~275,~~011~~190.2591 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 7,~~235~~158,~~355~~659,~~800~~109.7966 Removed Principal Receivables 0.00 Removed Finance Charge Receivables 0.00 Removed Total Receivables 0.00 Discounted Receivables Generated this Period 0.00 Additional Principal Receivables 0.00 Additional Finance Charge Receivables 0.00 Additional Total Receivables 0.00 Total Principal Collections this Period ~~614~~591,~~486~~814,~~741~~277.2151 Total Defaulted Principal Receivables this Period 6760,~~767~~535,~~170~~178.6910 Total Receivables Adjustments this Period 3126,~~207~~097,~~093~~498.5712 Total Finance Charge Collections this Period ~~143~~139,~~375~~762,~~463~~050.5954 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,~~819~~786,~~383~~235,~~918~~016.7584 Ending Period Finance Charge Receivables ~~339~~332,~~275~~911,~~190~~900.9150 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 7,~~158~~119,~~659~~146,~~109~~917.6634 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: 31-60 Days Delinquent ~~161~~168,~~616~~692,~~542~~876.6437 61-90 Days Delinquent 97107,~~516~~196,~~935~~672.6167 91+ Days Delinquent ~~185~~192,~~569~~263,~~723~~790.6690 Total 31+ Days Delinquent ~~444~~468,~~703~~153,~~201~~339.9194

ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-2 -------------- -------------- FLOATING INVESTOR PERCENTAGE 0.115769 FIXED INVESTOR PERCENTAGE 0.115769 -------------- --------------

FINANCE CHARGE ALLOCATIONS Total ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Finance Charge Collections ~~143~~139,~~375~~762,~~463~~050.5954 -------------------- -------------------- Investor Percentage 0.~~114666~~115769 -------------------- -------------------- Investor Finance Charge Collections 16,~~440~~180,~~223~~128.8406 16,~~440~~180,~~223~~128.8406 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 16,~~440~~180,~~223~~128.8406 16,~~440~~180,~~223~~128.8406

CASH FLOW ALLOCATIONS

Class A Distributions (1)Class A Monthly Interest 12,~~967~~029,~~166~~854.6717 (2)Class A Monthly Interest Previously Due 0.00 (3)Class A Monthly Additional Interest 0.00 (4)Class A Monthly Additional Interest Previously Due 0.00 Total Class A Monthly Interest 12,~~967~~029,~~166~~854.6717 Class B Distributions (5)Class B Monthly Interest ~~280~~290,~~953~~486.2272 (6)Class B Monthly Interest Previously Due 0.00 (7)Class B Monthly Additional Interest 0.00 (8)Class B Monthly Additional Interest Previously Due 0.00 Total Class B Monthly Interest ~~280~~290,~~953~~486.2272 (9)Total Monthly Servicing Fee for Series 1,315,790.00 (10)Total Servicing Fee for Series Previously Due 0.00 (11)Class A Prepayable Increase Amount Interest 0.00 (12)Class B Prepayable Increase Amount Interest 0.00 (13)Investor Default Amount 7,~~770~~008,~~558~~103.7063 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest ~~412~~428,~~742~~004.6313 (21)Funds Required per Note Agreement under Sections 2.07, 2.08 & 2.09 0.00 (22)Funds Required per Note Agreement under Sections 2.04 (e) & 7.01 0.00 Spread Account Distributions (23)Class C Spread Account Required Deposit 0.00 TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER SERIES' ALLOCATIONS 45,~~693~~107,~~012~~889.6341 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 45,~~693~~107,~~012~~889.6341

PRINCIPAL ALLOCATIONS Class A Class B ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Principal Collections ~~614~~591,~~486~~814,~~741~~277.2151 -------------------- -------------------- Investor Percentage 0.~~114666~~115769 -------------------- -------------------- Investor Principal Collections 7068,~~460~~513,~~449~~811.2458 Shared Principal Collections from other Series' ~~544~~523,~~026~~300,~~291~~465.9793 Available Principal Collections ~~614~~591,~~486~~814,~~741~~277.2151 Controlled Amoritization Amount 0.00 0.00 Partial Amoritization Amount 0.00 0.00 Deficiency Controlled Amoritization Amount 0.00 0.00 Monthly Principal Amount 0.00 0.00 Principal Shortfall Reallocated Principal to other Series' 0.00 0.00 Class C Total ------------------------------------------ ------------------------------------------ Controlled Amoritization Amount 0.00 0.00 Partial Amoritization Amount 0.00 0.00 Deficiency Controlled Amoritization Amount 0.00 0.00 Monthly Principal Amount 0.00 0.00 Principal Shortfall Reallocated Principal to other Series' 0.00

ASSOCIATES CREDIT CARD MASTER NOTE TRUST

Group 1 Coupon Rate Balance Interest Payments --------------------- -------------------- -------------------- --------------------- -------------------- -------------------- Series 2000-1, Class A 43.0795% $ ~~600~~760,000,000.00 $ 12,~~967~~587,~~166~~509.6772 Series 2000-1, Class B 4.3117% $ 80102,~~921~~500,000.00 $ ~~280~~367,~~953~~950.2209 Series 2000-1, Class C 4.7258% $ ~~108~~137,~~553~~500,000.00 $ ~~412~~542,~~742~~136.6372

Series 2000-2 -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- Class A Class B Class C Total --------------------- -------------------- -------------------- --------------------- --------------------- -------------------- -------------------- --------------------- Principal Distribution Required Amt $ - $ - - $ - - $ - Interest Distribution Required Amt $ 12,~~967~~029,~~166~~854.6717 $ ~~280~~290,~~953~~486.2272 $ ~~412~~428,~~742~~004.6313 $ 2,~~660~~748,~~862~~345.5202 Unpaid Principal Shortfalls paid $ - $ - $ - $ - Unpaid Interest Shortfalls paid $ - $ - $ - $ - Prepayable Interest $ - $ - $ - $ - Servicing Fee $ 1,315,790.00 $ 1,315,790.00 --------------------- -------------------- -------------------- --------------------- --------------------- -------------------- -------------------- --------------------- Total Required Distribution $ 12,~~967~~029,~~166~~854.6717 $ ~~280~~290,~~953~~486.2272 $ 1,~~728~~743,~~532~~794.6313 $ 34,~~976~~064,~~652~~135.5202 ===================== ==================== ==================== ===================== ===================== ==================== ==================== =====================

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