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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the Fiscal Year ended December 31, 2000

Commission File Nos. 033-95714 and 333-29495-01

THE FIRST NATIONAL BANK OF ATLANTA, as Transferor and Servicer
On behalf of Partners First Credit Card Master Trust
(Exact Name of Registrant as Specified in its Charter)

PARTNERS FIRST CREDIT CARD MASTER TRUST
(Issuer with respect to the Securities)

Delaware 22-2716130
(State of Organization) (I.R.S. Employer Identification No.)

77 Read's Way
New castle Corporate Commons
New Castle, Deleware 19720
(Address of Principal Executive Offices)

Registrant's Telephone Number, including Area Code: (302) 323-2359

Securities Registered Pursuant to Section 12(b) of the Act: None




Securities Registered Pursuant to Section 12(g) of the Act:

Partners First Credit Card Master Trust Class A Floating Rate Asset Backed Certificates, Series 1998-2
Partners First Credit Card Master Trust Class B Floating Rate Asset Backed Certificates, Series 1998-2
Partners First Credit Card Master Trust Class A Floating Rate Asset Backed Certificates, Series 1998-3
Partners First Credit Card Master Trust Class B Floating Rate Asset Backed Certificates, Series 1998-3


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 and (2)
has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]

This Annual Report of Form 10-K is filed in reliance on a series of no-action
letters issued by the Office of Chief Counsel, Division of Corporate Finance of
the Securities and Exchange Commission (the "Division"), stating that the
Division would raise no objection if issuers of master trust asset-backed
securities generally file a monthly Report on Form 8-K summarizing the
performance of the assets of the master trust and file an Annual Report on Form
10-K in the manner set forth below in order to comply with Sections 13, 15(d)
and 16 of the Securities Exchange Act of 1934, as amended. Accordingly,
responses to certain Items have been omitted from or modified in this Annual
Report on Form 10-K.

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PART I

Item 1. Business

The Partners First Credit Card Master Trust (the "Trust") was formed
pursuant to the Pooling and Servicing Agreement, dated as of January 29, 1998
(as may have been amended, restated or supplemented, the "Pooling and Servicing
Agreement") among Partners First Receivables Funding, LLC, as Transferor,
Partners First Holdings, LLC, as Servicer, and The Bank of New York (the
"Trustee"), as Trustee. The Trust's only business is to act as a passive conduit
to permit investment in a pool of consumer credit card account receivables.

On January 31, 2000, The First National Bank of Atlanta (the
"Registrant" or the "Transferor") acquired the credit card portfolio and related
business of Partners First Holdings, LLC, Partners First Receivables Funding,
LLC and Partners First Receivables, LLC, and became the Transferor and Servicer
of Partners First Credit Card Master Trust pursuant to the Amended and Restated
Pooling and Servicing Agreement dated as of January 31, 2000.

Item 2. Properties

Not Applicable

Item 3. Legal Proceedings

There are no material pending legal proceedings with respect to the
Partners First Credit Card Master Trust involving the Trust or The First
National Bank of Atlanta, as Servicer, other than ordinary or routine litigation
incidental to the Trust assets or the Servicer's duties under the applicable
Pooling and Servicing Agreement.

Item 4. Submission of Matters to a Vote of Security Holders

None

PART II

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters

Investor Securities are held and delivered in book-entry form through
the facilities of the Depository Trust Company("DTC"), a "clearing agency"
registered pursuant to the provisions of Section 17A of the Securities Exchange
Act of 1934, as amended. The only definitive Investor Securities are held by
Cede & Co., the nominee of DTC.

Item 6. Selected Financial Data

Not Applicable

Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations

Not Applicable

Item 7a. Quantitative and Qualitative Disclosures about Market Risk

Not Applicable

Item 8. Financial Statements and Supplementary Data

Not Applicable

Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure

None

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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) Security Ownership of Certain Beneficial Owners. The
Certificates of each Class of each Series representing
investors' interests in the Trust are represented by one or
more Certificates registered in the name of Cede & Co., the
nominee of the DTC, and an investor holding an interest in the
Trust is not entitled to receive a Certificate representing
such interest except in certain limited circumstances.
Accordingly, Cede & Co. is the sole holder of record of
Certificates, which it held on behalf of brokers, dealers,
banks and other direct participants in the DTC system at
December 31, 2000. At December 31, 2000, the following direct
DTC participants held positions in the Transferor Security
representing interests in the Trust equal to or exceeding 5%
of the total principal amount of the Transferor Security
outstanding on that date:




Aggregate Amount Percentage
Title of Of Certificates Of
-
Class Name Held Ownership
----- ---- ---- ---------

Series 1998-2 Banker Trust Company $ 41,350,000 6.45%
Class A Boston Safe Deposit and Trust Company 56,000,000 8.74%
Chase Manhattan Bank 276,000,000 43.06%
Northern Trust Company 72,000,000 11.23%
State Street Bank and Trust Company 55,100,000 8.60%

Series 1998-2 Bankers Trust Company $ 50,000,000 7.80%
Class B Chase Manhattan Bank 10,000,000 1.56%

Series 1998-3 The Bank of New York $ 80,000,000 12.48%
Class A Chase Manhattan Bank 386,500,000 60.30%

Series 1998-3 The Bank of New York $ 98,000,000 15.29%
Class B Chase Manhattan Bank 7,000,000 1.09%


The address of each of the above participants is:
C/O The Depository Trust Company
55 Water Street
New York, NY 10041

(b) Security Ownership of Management. Not Applicable

(c) Changes in Control. Not Applicable

Item 13. Certain Relationships and Related Transactions

None

3


PART IV

Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

The following documents are filed as part of this Annual Report on Form
10-K:

(a) Exhibits

99.1. Report of Independent Accountants on Applying Agreed-
Upon Procedures.

99.2. Report of Independent Accountants on Internal
Control.

99.3. Report of Management on Internal Control.

99.4. Report of Independent Accountants on Compliance.

99.5. Report of Management on Compliance.

(b) Reports on Form 8-K

Current Reports on Form 8-K are filed promptly, but in no
event more than 15 days, after each distribution to Security
holders attaching as an exhibit thereto the related Monthly
Servicing Report in response to Item 5 (Other Events).


SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrants have duly caused this report to be signed on their
behalf by the undersigned hereunto duly authorized.

THE FIRST NATIONAL BANK OF ATLANTA (Delaware)
d/b/a Wachovia Bank Card Services
As Transferor and Servicer of Trust Registrant


Date: March 19, 2001 By: /s/ Michael L. Scheuerman
----------------------------------- ------------------
Michael L. Scheuerman
Senior Vice President

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed on by the following persons on behalf of the registrant and in
the capacities indicated.

Signature Title Date
--------- ----- ----


/s/ Charles M. Hegarty President and Director March 19, 2001
- ----------------------
Charles M. Hegarty


/s/ David L. Gaines Comptroller March 19, 2001
- -------------------
David L. Gaines


/s/ Beverly B. Wells Chairman and Director March 19, 2001
- --------------------
Beverly B. Wells


4


Signature Title Date
--------- ----- ----

/s/ J. Peirce Anderson, Esq. Director March 26, 2001
- ----------------------------
J. Peirce Anderson, Esq.

/s/ John E. F. Corson Director March 19, 2001
- ---------------------
John E. F. Corson

/s/ Richard G. McCauley Director March 22, 2001
- -----------------------
Richard G. McCauley



EXHIBIT INDEX

Exhibit No.

99.1. Report of Independent Accountants on Applying Agreed-
Upon Procedures.

99.2. Report of Independent Accountants on Internal
Control.

99.3. Report of Management on Internal Control.

99.4. Report of Independent Accountants on Compliance.

99.5. Report of Management on Compliance.



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