8-K 1 at043001.txt ASSOCIATES CREDIT CARD MASTER NOTE TRUST 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) May 17, 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 Number) Incorporation) 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 April 2001 were distributed to Noteholders on May 17, 2001 Item 7 (C). Exhibits. Exhibit No. Description 20.1 Series 2000-1 monthly statement for the month of April 2001. 20.2 Series 2000-2 monthly statement for the month of April 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

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 May 17, 2001, and with respect to the performance of the Trust during the month of April 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 2000-98-1, Series 2000-98-2 Series 2000-99-1, Series 2000-99-2, Series 2000-99-3, Series 2000-99-4 Series 2000-1, Series 2000-2

MASTER NOTE TRUST RECEIVABLES YIELD AND BASE RATE -- April: (30 posting days)

Beginning Period Principal Receivables 6,950,647,604.32 Beginning Period Finance Charge Receivables 367,123,706.46 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 7,317,771,310.78 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 586,265,190.49 Total Defaulted Principal Receivables this Period 75,044,876.46 Total Receivables Adjustments this Period 34,474,111.79 Total Finance Charge Collections this Period 141,396,762.43 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,899,818,237.38 Ending Period Finance Charge Receivables 363,590,663.31 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 7,263,408,900.69 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: 31-60 Days Delinquent 154,005,633.95 61-90 Days Delinquent 92,834,370.08 91+ Days Delinquent 202,938,395.29 Total 31+ Days Delinquent 449,778,399.32

ASSOCIATES CREDIT CARD MASTER NOTE TRUST Cash Flow Allocations Series 2000-1

CASH DISBURSEMENTS Servicer Payment to trustee for Series 2000-98-1 $ 3,805,799.17 Servicer Payment to trustee for Series 2000-98-2 $ 3,524,948.30 Servicer Payment to trustee for Series 2000-99-1 $ 3,036,192.87 Servicer Payment to trustee for Series 2000-99-2 $ 2,360,581.84 Servicer Payment to trustee for Series 2000-99-3 $ 1,110,711.84 Servicer Payment to trustee for Series 2000-99-4 $ 2,641,113.88 Servicer Payment to trustee for Series 2000-1 $ 4,379,562.50 Servicer Payment to trustee for Series 2000-2 $ 3,445,050.88 Total Servicer Payment to trustee for all Series' $ 24,303,961.28 Trustee Payment to Series 2000-98-1 Class C $ 637,380.21 Trustee Payment to Series 2000-98-2 Class C $ 594,702.19 Trustee Payment to Series 2000-99-1 Class C $ 509,336.54 Trustee Payment to Series 2000-99-2 Class C $ 382,006.73 Trustee Payment to Series 2000-99-3 Class C $ 191,002.40 Trustee Payment to Series 2000-99-4 Class C $ 424,447.11 Trustee Payment to Series 2000-1 Class C $ 661,432.29 Trustee Payment to Series 2000-2 Class C $ 522,185.16 Total Trustee Payment to all Class C Investor's $ 3,922,492.63

ASSOCIATES CREDIT CARD MASTER NOTE TRUST SERIES 2000-1 The undersigned, a duly authorized representative of Associates National Bank (Delaware)(ANB), as Servicer pursuant to the Transfer and Servicing Agreement, dated as of April 1, 2000 (as amended and supplemented, the Transfer and Servicing Agreement) among ANB, Associates credit Card Receivables Corp. (ACCR), as Transferor and Associates Credit Card Master Note Trust (the Trust), does hereby certify as follows: 1. Capitalized terms used in this Certificate have their respective meanings set forth in the Transfer and Servicing Agreement or the Master Indenture, dated as of April 1, 2000 (as amended or supplemented, the Master Indenture), between 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, between the Trust and the Indenture Trustee (as amended as supplemented, the Indenture Supplement and together with the Master Indenture, the Indenture), as applicable. 2. ANB is, as of the date hereof, the Servicer under the Transfer and Servicing Agreement. 3. The undersigned is an Authorized Officer of the Servicer. 4. This Certificate relates to the Distribution Date occurring on May 17, 2001. 5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the transfer and Servicing Agreement and the Indenture through the Monthly Period preceding such Distribution Date. 6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution Date. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 15th day of May, 2001. ASSOCIATES NATIONAL BANK (DELAWARE), Servicer By: /s/ Cheryl Debaro Name: Cheryl Debaro Servicing Officer

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 2000-1 Indenture Supplement, dated as of September 15, 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 May 17, 2001, and with respect to the performance of the Trust during the month of April 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 2000-98-1, Series 2000-98-2 Series 2000-99-1, Series 2000-99-2, Series 2000-99-3, Series 2000-99-4 Series 2000-1, Series 2000-2

MASTER NOTE TRUST RECEIVABLES YIELD AND BASE RATE -- April: (30 posting days)

ASSOCIATES CREDIT CARD MASTER NOTE TRUST Cash Flow Allocations Series 2000-2 FLOATING INVESTOR PERCENTAGE 0.113583 FIXED INVESTOR PERCENTAGE 0.113583

ASSOCIATES CREDIT CARD MASTER NOTE TRUST SERIES 2000-2 The undersigned, a duly authorized representative of Associates National Bank (Delaware)(ANB), as Servicer pursuant to the Transfer and Servicing Agreement, dated as of April 1, 2000 (as amended and supplemented, the Transfer and Servicing Agreement) among ANB, Associates credit Card Receivables Corp. (ACCR), as Transferor and Associates Credit Card Master Note Trust (the Trust), does hereby certify as follows: 1. Capitalized terms used in this Certificate have their respective meanings set forth in the Transfer and Servicing Agreement or the Master Indenture, dated as of April 1, 2000 (as amended or supplemented, the Master Indenture), between 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 September 15, 2000, between the Trust and the Indenture Trustee (as amended as supplemented, the Indenture Supplement and together with the Master Indenture, the Indenture), as applicable. 2. ANB is, as of the date hereof, the Servicer under the Transfer and Servicing Agreement. 3. The undersigned is an Authorized Officer of the Servicer. 4. This Certificate relates to the Distribution Date occurring on May 17, 2001. 5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the transfer and Servicing Agreement and the Indenture through the Monthly Period preceding such Distribution Date. 6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution Date. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 15th day of May, 2001. ASSOCIATES NATIONAL BANK (DELAWARE), Servicer By: /s/ Cheryl Debaro Name: Cheryl Debaro Servicing Officer

ASSOCIATES CREDIT CARD RECEIVABLES CORP 8-K