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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------
FORM 10-K
Annual Report Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
For the fiscal year ended Commission File Number
December 31, 1995 0-16337
FCC National Bank (with respect to First Chicago Master Trust II)
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(Exact name of registrant as specified in its charter)
United States of America 51-0269396
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(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
One Gateway Center, 300 King Street, Wilmington, Delaware 19801
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code 302-594-8606
Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act:
First Chicago Master Trust II 8.40% Credit Card Certificates Series 1991-D
First Chicago Master Trust II 6.25% Asset Backed Certificates Series 1992-E
Floating Rate Asset Backed Certificates Series 1993-F
Floating Rate Asset Backed Certificates Series 1993-G
Floating Rate Credit Card Certificates Series 1993-H
Floating Rate Asset Backed Certificates Series 1994-I
Floating Rate Asset Backed Certificates Series 1994-J
Floating Rate Credit Card Certificates Series 1994-K
7.15% Credit Card Certificates Series 1994-L
Floating Rate Credit Card Certificates Series 1995-M
Floating Rate Credit Card Certificates Series 1995-N
Floating Rate Credit Card Certificates Series 1995-O
Floating Rate Credit Card Certificates Series 1995-P
(Title of Class)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No _____
-----
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K ((S)229.405 of this chapter) is not contained herein, and will
not be contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendments to this Form 10-K. [ X ]
State the aggregate market value of the voting stock held by non-affiliates of
the registrant. None.
Indicate the number of shares outstanding of the registrant's classes of common
stock, as of the latest practicable date. None.
Documents Incorporated By Reference. None.
FCC National Bank (with respect to
First Chicago Master Trust II)
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TABLE OF CONTENTS
Page
PART I
Item 1. Business........................................................ 1
Item 2. Properties...................................................... 1
Item 3. Legal Proceedings............................................... 1
Item 4. Submission of Matters to a Vote of Security Holders............. 2
PART II
Item 5. Market for the Registrant's Common Equity and Related
Stockholder Matters............................................. 2
Item 6. Selected Financial Data......................................... 2
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations....................................... 2
Item 8. Financial Statements and Supplementary Data..................... 2
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure........................................ 2
PART III
Item 10. Directors and Executive Officers of the Registrant.............. 3
Item 11. Executive Compensation.......................................... 3
Item 12. Security Ownership of Certain Beneficial Owners and Management.. 3
Item 13. Certain Relationships and Related Transactions.................. 12
PART IV
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K 13
SIGNATURES 14
EXHIBITS.................................................................... 16
PART I
------
ITEM 1. Business
--------
Not applicable.
ITEM 2. Properties
----------
The information set forth in the Current Reports on Form 8-K dated January
10, 1995, February 9, 1995, March 9, 1995, April 10, 1995, May 9, 1995, June
13, 1995, July 14, 1995, August 8, 1995, September 12, 1995, October 11, 1995,
November 10, 1995, and December 12, 1995, as filed by the Registrant with
respect to First Chicago Master Trust II, is incorporated herein by reference.
(Certain terms used but not defined in this Form 10-K Annual Report have the
meanings assigned, respectively, in the Pooling and Servicing Agreement dated
as of June 1, 1990, as amended and supplemented, filed as Exhibits 4.1, 4.2,
4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 4.9, 4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.16,
4.17, 4.18 and 4.19 to the Registrant's Form S-1 Registration Statement No.
33-92358.)
First Chicago Master Trust II ( "Master Trust II")
For the February 15, 1996, interest payment date, 1.87% of the Accounts in
the Master Trust II were 30 days or more delinquent, which represented 6.04%
of the receivables in the Master Trust II. As of the February 15, 1996,
interest payment date, the amount of receivables in the Master Trust II
written off as uncollectible in each of the prior two Due Periods equalled
6.83% and 6.81%, respectively, on an annualized basis of the balance of
receivables in the Master Trust for such Due Periods.
ITEM 3. Legal Proceedings
-----------------
Except as provided below, there are no material pending legal proceedings
with respect to Master Trust II, involving Master Trust II, the Trustee or the
Registrant, other than ordinary or routine litigation incidental to the
Trustee's or the Registrant's duties under the applicable Pooling and
Servicing Agreement.
A number of lawsuits and administrative actions have been filed in several
states against credit card issuing banks challenging various fees and charges
assessed against residents of the states in which such suits were filed. Two
state supreme courts and one federal appeals court have affirmed dismissal of
these cases on the ground that individual state prohibition on assessing these
fees or charges are preempted by federal laws. In 1995, the New Jersey
Supreme Court ruled that state prohibition on late fees are not preempted by
federal laws, and the issue is now before the United States Supreme Court. If
the Supreme Court resolves this case adversely to credit card issuing banks,
the decision could have the effect of limiting certain fees and charges that
could be assessed on credit card accounts and could subject card issuing banks
to the payment of refunds or civil penalties.
In March 1992, a purported class action lawsuit was filed in the Superior
Court of the State of California, County of Los Angeles, against an affiliate
of the Registrant, along with certain other bank credit card issuers, alleging
that the affiliate and other named parties violated California statutes in
connection with their assessment of late charges on consumer revolving credit
card accounts located in California. The lawsuit seeks various forms of
relief, including injunctive relief, compensatory and statutory damages,
punitive and/or triple damages, attorneys' fees and costs,
1
and prejudgment
interest, in unquantified amounts. At this stage, the case against the
affiliate is stayed pending decision by the United State Supreme Court of a
similar case regarding a national bank's right to export late fees as
discussed above. If the case before the Supreme Court is resolved adversely
to credit card issuing banks, it is not practicable to determine the amount of
refunds or penalties the Registrant might have to pay in such event, but any
such payments could have an adverse impact on the Registrant's credit card
business.
ITEM 4. Submission of Matters to a Vote of Security Holders
---------------------------------------------------
Not applicable.
PART II
ITEM 5. Market for the Registrant's Common Equity and Related Stockholder
-----------------------------------------------------------------
Matters
-------
Master Trust II
(i) There is no established public trading market for the Certificates.
(ii) Since each of the Certificates was issued in book entry form only,
there is only one holder of record of each Series of Certificates.
(iii) Not applicable.
ITEM 6. Selected Financial Data
-----------------------
Not applicable.
ITEM 7. Management's Discussion and Analysis of Financial Condition and
---------------------------------------------------------------
Results of Operations
---------------------
Not applicable.
ITEM 8. Financial Statements and Supplementary Data
-------------------------------------------
See (i) the Annual Servicer's Certificate respecting compliance for the
Master Trust II filed as Exhibit 1 under Item 14(a) hereof, (ii) the Annual
Independent Public Accountant's Reports concerning the Servicer's servicing
activities and applying certain agreed-upon procedures for Master Trust II
filed as Exhibit 2 under Item 14(a) hereof, and (iii) the Supplementary Master
Trust II Data relating to the performance of Master Trust II filed as Exhibit
3 under Item 14(a) hereof.
ITEM 9. Changes in and Disagreements with Accountants on Accounting and
---------------------------------------------------------------
Financial Disclosure
--------------------
Not applicable.
2
PART III
--------
ITEM 10. Directors and Executive Officers of the Registrant
--------------------------------------------------
Not applicable.
ITEM 11. Executive Compensation
----------------------
Not applicable.
ITEM 12. Security Ownership of Certain Beneficial Owners and Management
--------------------------------------------------------------
(a) Each holder of record' at December 31, 1995, of more than five
percent (5%) of each Series of Certificates is indicated below:
Master Trust II
(A) 8.40% Credit Card Certificates Series 1991-D
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- ---------------------------------- ------------------------------ ------------------
Morgan Guaranty Trust Company
of New York $215,525 21.55%
37 Wall Street, 16th Floor
New York, New York 10260
Chemical Bank 155,200 15.52
4 New York Plaza, 4th Floor
Auto Settle Department
New York, New York 10004
The Chase Manhattan Bank, N.A. 143,485 14.35
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
Bank of New York 132,725 13.27
925 Patterson Plank Road
Secaucus, New Jersey 07094
- ---------------
* With respect to each Series of Certificates, The Depository Trust Company
("DTC"), through its nominee Cede & Co., P.O. Box 20, Bowling Green Station,
New York, New York 10274, is the sole holder of record of more than five
percent (5%) of the Certificates. The information set forth in response to
Item 12(a) represents those persons for whom DTC holds the Certificates, based
on information supplied by DTC to the Registrants.
3
PART III (cont.)
SSB-Custodian 117,485 11.75
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Bankers Trust Company 78,985 7.90
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
(B) 6.25% Asset Backed Certificates Series 1992-E
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- --------------------------------------------------------------------- ------------------------------ ------------------
The Chase Manhattan Bank, N.A. $362,216 36.22%
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
Morgan Guaranty Trust Company
of New York 108,940 10.89
37 Wall Street, 16th Floor
New York, New York 10260
Bank of New York 99,185 9.92
925 Patterson Plank Road
Secaucus, New Jersey 07094
The First National Bank of Chicago 69,035 6.90
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
(C) Floating Rate Asset Backed Certificates Series 1993-F
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- --------------------------------------------------------------------- ------------------------------ -----------------
The Chase Manhattan Bank, N.A. $257,350 36.76%
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
Bank of New York 81,250 11.61
925 Patterson Plank Road
Secaucus, New Jersey 07094
4
PART III (cont.)
- --------
Goldman, Sachs & Co. 76,810 10.97
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Bankers Trust Company 57,440 8.21
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
SSB-Custodian 44,150 6.31
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Mitsui Trust Bank 40,000 5.71
Two World Financial Center
225 Liberty Street, 41st Floor
New York, New York 10281
Morgan Guaranty Trust Company
of New York 39,760 5.68
37 Wall Street, 16th Floor
New York, New York 10260
(D) Floating Rate Asset Backed Certificates Series 1993-G
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- ------------------------------ ---------------------------------- ------------------
The Chase Manhattan Bank, N.A. $148,140 49.38%
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
Morgan Guaranty Trust Company
of New York 47,800 15.93
37 Wall Street, 16th Floor
New York, New York 10260
SSB - Custodian 35,000 11.67
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
5
Part III (cont.)
- --------
Harris Trust & Savings Bank 20,360 6.79
Proxy Operations
111 West Monroe Street, 1130
Chicago, Illinois 60603
(E) Floating Rate Credit Card Certificates Series 1993-H
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- ------------------------------------ ------------------------------ ------------------
Bank of New York $246,165 35.17%
925 Patterson Plank Road
Secaucus, New Jersey 07094
The Chase Manhattan Bank, N.A. 110,000 15.71
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
SSB - Custodian 91,740 13.11
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Citibank, N.A. 43,050 6.15
111 Wall Street
20th Floor, Zone 9
New York, New York 10043
National Financial Services Inc. 40,135 5.73
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Bankers Trust Company 39,200 5.60
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
Morgan Guaranty Trust Company
of New York 37,700 5.39
37 Wall Street, 16th Floor
New York, New York 10260
6
Part III (cont.)
- --------
(F) Floating Rate Asset Backed Certificates Series 1994-I
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- -------------------------------------------------------------------------- ------------------------------ ------------------
The Chase Manhattan Bank, N.A. $116,000 23.20%
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
Bank of New York 87,070 17.41
925 Patterson Plank Road
Secaucus, New Jersey 07094
Boston Safe Deposit & Trust Company 85,000 17.00
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Morgan Guaranty Trust Company
of New York 59,938 11.99
37 Wall Street, 16th Floor
New York, New York 10260
Swiss Bank Corporation 59,500 11.90
New York Branch
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
(G) Floating Rate Asset Backed Certificates Series 1994-J
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- -------------------------------------------------------------------------- ------------------------------ -----------------
Chemical Bank $ 93,650 18.73%
4 New York Plaza, 4th Floor
Autosettle Department
New York, New York 10004
SSB - Custodian 88,675 17.74
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Bankers Trust Company 73,000 14.60
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
7
Part III (cont.)
- --------
National Financial Services Inc. 72,000 14.40
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Bank of New York 38,000 7.60
925 Patterson Plank Road
Secaucus, New Jersey 07094
Citibank, N.A. 35,000 7.00
111 Wall Street
20th Floor, Zone 9
New York, New York 10043
Goldman, Sachs & Co. 31,000 6.20
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Morgan Guaranty Trust Company
of New York 29,775 5.96
37 Wall Street, 16th Floor
New York, New York 10260
(H) Floating Rate Credit Card Certificates Series 1994-K
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- -------------------------------------------------------------------------- ------------------------------ -----------------
SSB - Custodian $293,655 58.73%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Morgan Guaranty Trust Company
of New York 65,000 13.00
37 Wall Street, 16th Floor
New York, New York 10260
Bankers Trust Company 51,100 10.22
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
Boston Safe Deposit & Trust Co. 35,000 7.00
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
8
Part III (cont.)
- --------
Norwest Bank Minnesota
National Association 30,000 6.00
255 Second Avenue South
Minneapolis, Minnesota 55479-0047
(I) 7.15% Credit Card Certificates Series 1994-L
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- -------------------------------------------------------------------------- ------------------------------ -----------------
SSB - Custodian $ 76,995 15.40%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Bankers Trust Company 65,470 13.09
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
Firstar Trust Company 58,420 11.68
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
The Chase Manhattan Bank, N.A. 55,320 11.06
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
Morgan Guaranty Trust Company
of New York 52,880 10.58
37 Wall Street, 16th Floor
New York, New York 10260
Bank of New York 43,855 8.77
925 Patterson Plank Road
Secaucus, New Jersey 07094
Boston Safe Deposit & Trust Co. 29,350 5.87
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
9
PART III (cont.)
- --------
(J) Floating Rate Credit Card Certificates Series 1995-M
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- ------------------------------------------------------------------- ------------------------------ ------------------
Morgan Guaranty Trust Company
of New York $185,250 37.05%
37 Wall Street, 16th Floor
New York, New York 10260
Citibank, N.A. 105,000 21.00
111 Wall Street
20th Floor, Zone 9
New York, New York 10043
The Chase Manhattan Bank, N.A. 75,000 15.00
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
Bankers Trust Company 49,550 9.91
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
Fuji Bank & Trust Company 40,000 8.00
2 World Trade Center 81st Floor
New York, New York 10048
(K) Floating Rate Credit Card Certificates Series 1995-N
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- ------------------------------------------------------------------- ------------------------------ -----------------
SSB - Custodian $268,925 53.79%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
The First National Bank of Chicago 55,000 11.00
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Chemical Bank 29,275 5.86
4 New York Plaza, 4th Floor
Auto Settle Department
New York, New York 10004
10
PART III (cont.)
- --------
Provident Bank 25,000 5.00
One East Fourth Street
Cincinnati, Ohio 45202
(L) Floating Rate Credit Card Certificates Series 1995-O
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- ------------------------------------------------------------------- ------------------------------ -----------------
Citibank, N.A. $145,000 29.00%
111 Wall Street
20th Floor, Zone 9
New York, New York 10043
Morgan Guaranty Trust Company
of New York 122,000 24.40
37 Wall Street, 16th Floor
New York, New York 10260
The Chase Manhattan Bank, N.A. 100,000 20.00
1 Chase Manhattan Plaza
3B - Proxy Department
New York, New York 10081
The Dai-Ichi Kangyo Bank Limited 35,000 7.00
New York Branch
1 World Trade Center, Suite 4911
New York, New York 10048
Chemical Bank 25,000 5.00
4 New York Plaza, 4th Floor
Auto Settle Department
New York, New York 10004
Fuji Bank & Trust Company 25,000 5.00
2 World Trade Center 81st Floor
New York, New York 10048
(M) Floating Rate Credit Card Certificates Series 1995-P
Dollar Amount of Percent of
Name and Address of Holder Certificates Held (in 1,000's) Certificates Held
- ------------------------------------------------------------------- ------------------------------ -----------------
LBI-Lehman Government Securities, Inc. $102,000 20.40%
200 Vesey Street
New York, New York 10285
11
PART III (cont.)
- --------
SSB - Custodian 87,400 17.48
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, New York 11717
Bankers Trust Company 87,100 17.42
c/o BT Services Tennessee Inc.
Pension Trust Services
648 Grassmere Park Drive
Nashville, Tennessee 37211
Morgan Guaranty Trust Company
of New York 38,500 7.70
37 Wall Street, 16th Floor
New York, New York 10260
Nationsbanc Capital Markets, Inc. 33,000 6.60
71 Peachtree Street N.E.
Atlanta, Georgia 30308
Chemical Bank 28,000 5.60
4 New York Plaza, 4th Floor
Auto Settle Department
New York, New York 10004
Harris Trust & Savings Bank 28,000 5.60
Proxy Operations
111 West Monroe Street, 1130
Chicago, Illinois 60603
Citibank, N.A. 25,000 5.00
111 Wall Street
20th Floor, Zone 9
New York, New York 10043
The Bank of California 25,000 5.00
Safekeeping Department
475 Sansome Street, 11th Floor
San Francisco, California 94145
(b) Not Applicable.
(c) Not Applicable.
ITEM 13. Certain Relationships and Related Transactions
----------------------------------------------
Not applicable.
12
PART IV
-------
ITEM 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
----------------------------------------------------------------
(a) 1. Annual Servicer's Certificate respecting compliance for Master Trust
II dated March 27, 1996.
2. Annual Independent Public Accountant's Reports dated March 12, 1996
concerning the Servicer's servicing activities and applying certain
agreed-upon procedures for Master Trust II for the period ended
December 31, 1995.
3. Supplementary Master Trust II Data relating to the performance of
Master Trust II.
(b) See Item 2.
(c) Not applicable.
(d) Not applicable. No annual report or proxy material has been sent to
security holders.
13
SIGNATURES
----------
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrants has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized, on this 27th day of
March, 1996.
FCC NATIONAL BANK
(Registrant)
By /s/ Scott P. Marks, Jr.
-------------------------
Scott P. Marks, Jr.
Chairman of the Board
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrants and in the capacities and on the date indicated.
Signature Title Date
- --------- ----- ----
/s/ Frederick M. Adams, Jr. Director March 27, 1996
- ----------------------------
Frederick M. Adams, Jr.
/s/ Shirley Faye Dadzie Director March 27, 1996
- ----------------------------
Shirley Faye Dadzie
/s/ Joseph M. Dudzinsky Director March 27, 1996
- -----------------------------
Joseph M. Dudzinsky
/s/ Richard P. Eckman Director March 27, 1996
- -----------------------------
Richard P. Eckman
/s/ William J. Garner Director March 27, 1996
- -----------------------------
William J. Garner
/s/ Michael J. Majchrzak Director March 27, 1996
- -----------------------------
Michael J. Majchrzak
/s/ Scott P. Marks, Jr. Director and Principal March 27, 1996
- ----------------------------- Executive Officer
Scott P. Marks, Jr.
/s/ Antohy K. Metta Director March 27, 1996
- -----------------------------
Anthony K. Metta
/s/ Ralph R. Mueller Director March 27, 1996
- -----------------------------
Ralph R. Mueller
14
/s/ Peter J. Nowak, Jr. Director, Principal Accounting March 27, 1996
- ------------------------------- Officer and Principal Financial
Peter J. Nowak, Jr. Officer
/s/ Jeremiah P. Shea Director March 27, 1996
- -------------------------------
Jeremiah P. Shea
15
INDEX TO EXHIBITS
Exhibit Description of Sequential Page
Number Exhibit Number
- ------- -------------- ---------------
1 Annual Servicer's Certificate respecting compliance for 19
Master Trust II
2 Annual Independent Public Accountant's Reports 20
for Master Trust II
3 Supplementary Master Trust II Data
16