8-K 1 at063001.txt ASSOCIATES MONTHLY 8K 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) July 16, 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 June 2001 were distributed to Noteholders on July 16, 2001 Item 7 (C). Exhibits. Exhibit No. Description 20.1 Series 2000-1 monthly statement for the month of June 2001. 20.2 Series 2000-2 monthly statement for the month of June 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:~~May018k_2000~~June018k_2000-1 CONFIDENTIAL Servicer's Report Date of Report: ~~June~~July 1516, 2001 Interest Period: ~~May~~June 1718, 2001 to ~~June~~July 1716, 2001, Pay on ~~June~~July ~~18th~~17th Associates Credit Card Master Note Trust, Series 2000-1 ---------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Transferor Trust Interest Totals ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Beginning Principal Receivables Balance 6,~~899~~885,~~818~~015,~~237~~789.3854 Beginning Fin. Chrg. Receivables Balance ~~363~~350,~~590~~340,~~663~~011.3125 Beginning Total Receivables Balance 7,~~263~~235,~~408~~355,~~900~~800.6979 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 1,~~315~~301,~~980~~178,~~837~~389.3854 Ending Period Invested Amount 1,~~301~~235,~~178~~546,~~389~~518.5475 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

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 July 17, 2001, and with respect to the performance of the Trust during the month of June 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 -- June: (30 posting days)

Yield Defaults Total Portfolio Yield (Current Month) 24.9799% 11.4781% 13.5018% Portfolio Yield (Prior Month) 24.4197% 1211.9647% 1113.4650% Portfolio Yield (Two Months Ago) 2824.2641% 1112.5196% 1611.7546% THREE MONTH AVERAGE PORTFOLIO YIELD 1312.9071% --------------------- ---------------------

Servicing Coupon Total Base Rate (Current Month) 2.00% 4.3720% 6.3720% Base Rate (Prior Month) 2.00% 54.2637% 76.2637% Base Rate (Two Months Ago) 2.00% 5.2926% 7.2926% THREE MONTH AVERAGE BASE RATE 6.9761% --------------------- ---------------------

Beginning Period Principal Receivables 6,~~899~~885,~~818~~015,~~237~~789.3854 Beginning Period Finance Charge Receivables ~~363~~350,~~590~~340,~~663~~011.3125 Beginning Period Discounted Receivables 0.00 Beginning Period Total Receivables 7,~~263~~235,~~408~~355,~~900~~800.6979 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 ~~616~~614,~~842~~486,~~473~~741.3721 Total Defaulted Principal Receivables this Period 6867,~~163~~767,~~161~~170.3069 Total Receivables Adjustments this Period 3231,~~203~~207,~~407~~093.2157 Total Finance Charge Collections this Period ~~148~~143,~~374~~375,~~808~~463.7559 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,~~885~~819,~~015~~383,~~789~~918.5475 Ending Period Finance Charge Receivables ~~350~~339,~~340~~275,~~011~~190.2591 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 7,~~235~~158,~~355~~659,~~800~~109.7966 DELINQUENCY INFORMATION 0.00 End of the Month Principal Delinquencies: 0.00 31-60 Days Delinquent ~~153~~161,~~144~~616,~~746~~542.4564 61-90 Days Delinquent 9697,~~192~~516,~~785~~935.9461 91+ Days Delinquent ~~190~~185,~~512~~569,~~976~~723.2366 Total 31+ Days Delinquent ~~439~~444,~~850~~703,~~508~~201.6291

ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-1 --------------------- --------------------- FLOATING INVESTOR PERCENTAGE 0.145243 FIXED INVESTOR PERCENTAGE 0.145243 --------------------- ---------------------

FINANCE CHARGE ALLOCATIONS Total ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Finance Charge Collections ~~148~~143,~~374~~375,~~808~~463.7559 --------------------- --------------------- Investor Percentage 0.~~144931~~145243 --------------------- --------------------- Investor Finance Charge Collections 2120,~~504~~824,~~161~~275.94 21 20,~~504~~824,~~161~~275.9421 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 2120,~~504~~824,~~161~~275.94 21 20,~~504~~824,~~161~~275.9421

CASH FLOW ALLOCATIONS

Class A Distributions (1)Class A Monthly Interest 2,~~877~~507,~~866~~050.6700 (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,~~877~~507,~~866~~050.6700 Class B Distributions (5)Class B Monthly Interest ~~407~~355,~~722~~874.2231 (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 ~~407~~355,~~722~~874.2231 (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 9,~~878~~842,~~979~~703.2774 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest ~~597~~522,~~055~~805.56 (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 65,~~075~~929,~~871~~174.5692 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 65,~~075~~929,~~871~~174.5692

PRINCIPAL ALLOCATIONS Class A Class B ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- AVAILABLE FUNDS Total Trust Principal Collections ~~616~~614,~~842~~486,~~473~~741.3721 --------------------- --------------------- Investor Percentage 0.~~144931~~145243 --------------------- --------------------- Investor Principal Collections 89,~~399~~249,~~814~~866.9267 Shared Principal Collections from other Series' ~~527~~525,~~442~~236,~~658~~874.4554 Available Principal Collections ~~616~~614,~~842~~486,~~473~~741.3721 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 4.2610% $ 760,000,000.00 $ 2,~~877~~507,~~866~~050.6700 Series 2000-1, Class B 4.4831% $ 102,500,000.00 $ ~~407~~355,~~722~~874.2231 Series 2000-1, Class C 4.8972% $ 137,500,000.00 $ ~~597~~522,~~055~~805.56

Series 2000-1 -------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------- Class A Class B Class C Total --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- Principal Distribution Required Amt $ - $ - - $ - - $ - Interest Distribution Required Amt $ 2,~~877~~507,~~866~~050.6700 $ ~~407~~355,~~722~~874.2231 $ ~~597~~522,~~055~~805.56 $ 3,~~882~~385,~~644~~729.4587 Unpaid Principal Shortfalls paid $ - $ - $ - $ - Unpaid Interest Shortfalls paid $ - $ - $ - $ - Prepayable Interest $ - $ - $ - $ - Servicing Fee $ 1,666,666.67 $ 1,666,666.67 --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- Total Required Distribution $ 2,~~877~~507,~~866~~050.6700 $ ~~407~~355,~~722~~874.2231 $ 2,~~263~~189,~~722~~472.23 $ 5,~~549~~052,~~311~~396.1254 ===================== ===================== ===================== ===================== ===================== ===================== ===================== =====================

File:~~May018k_2000~~June018k_2000-2 CONFIDENTIAL Servicer's Report Date of Report: July 16, 2001 Interest Period: ~~May~~June 1718, 2001 to ~~June~~July 1716, 2001, Pay on ~~June~~July ~~18th~~17th ~~Date of Report: June 15, 2001~~ Associates Credit Card Master Note Trust, Series 2000-2 --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Transferor Trust Interest Totals ---------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Beginning Principal Receivables Balance 6,~~899~~885,~~818~~015,~~237~~789.3854 Beginning Fin. Chrg. Receivables Balance ~~363~~350,~~590~~340,~~663~~011.3125 Beginning Total Receivables Balance 7,~~263~~235,~~408~~355,~~900~~800.6979 Beginning Special Funding Accnt Balance 0.00 Beginning Spread Account Balance 0.00 Beginning Reserve Account Balance 0.00 Beginning Period Invested Amount 1,~~315~~301,~~980~~178,~~837~~389.3854 Ending ~~Special~~Period ~~Funding~~Invested ~~Accnt~~Amount ~~Balance~~ 1,~~301~~235,~~178~~546,~~389~~518.5475 Class A Class B Class C Total Series Monthly Master Note Trust Activities Note Note Note Note ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Initial Invested Amount ~~600~~760,000,000.00 80102,~~921~~500,000.00 ~~108~~137,~~553~~500,000.00 ~~789~~1,~~474~~000,000,000.00 Beginning Period Invested Amount ~~600~~760,000,000.00 80102,~~921~~500,000.00 ~~108~~137,~~553~~500,000.00 ~~789~~1,~~474~~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 ~~Pmts~~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 ~~600~~760,000,000.00 80102,~~921~~500,000.00 ~~108~~137,~~553~~500,000.00 ~~789~~1,~~474~~000,000,000.00

----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Group I Information Series 2000-2 ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Beginning Invested Amount 789,474,000.00 Average Rate 4.3518% Allocable Finance Charge Collections 16,~~976~~440,~~976~~223.7584 Allocable Principal Collections 70,~~578~~460,~~829~~449.4824 Allocable Default Amount Due 7,~~799~~770,~~197~~558.2870 Allocable Monthly Interest Due 32,~~051~~660,~~913~~862.6852 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 1312.9071% 3 Month Average Base Rate 6.9559% Spread 6.9512% Trigger Pass Test: If Spread is >0, "Yes" Yes Transferor's Interest Trigger Required Transferor Interest ~~481~~477,~~951~~356,~~105~~874.2731 Transferor Interest 1,~~301~~235,~~178~~546,~~389~~518.5475 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 July 17, 2001, and with respect to the performance of the Trust during the month of June 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 -- June: (30 posting days)

~~Current~~Yield ~~Transaction~~Defaults ~~Period:~~Total ~~Revolving~~Portfolio ~~Period~~Yield ~~Any~~(Current ~~Cash~~Month) ~~Flow~~24.99% ~~Shortfalls~~11.81% ~~this~~13.18% ~~Period~~Portfolio NoYield ~~Any~~(Prior ~~Cash~~Month) ~~Flow~~24.97% ~~Shortfalls~~11.47% ~~from~~13.50% ~~Previous~~Portfolio ~~Period~~Yield No(Two ~~Payout~~Months ~~Event~~Ago) ~~this~~24.41% ~~Period:~~12.96% No11.46% ~~Group~~THREE IMONTH ~~Participants:~~AVERAGE ~~Series~~PORTFOLIO ~~2000~~YIELD 12.71% -2-------------------- ---------------------

~~Yield~~Servicing ~~Defaults~~Coupon Total ~~Portfolio~~Base ~~Yield~~Rate (Current Month) 242.9700% 114.4718% 136.5018% ~~Portfolio~~Base ~~Yield~~Rate (Prior Month) 242.4100% 124.9635% 116.4635% ~~Portfolio~~Base ~~Yield~~Rate (Two Months Ago) 282.2600% 115.5124% 167.7524% THREE MONTH AVERAGE ~~PORTFOLIO~~BASE ~~YIELD~~RATE 136.9059% --------------------- ---------------------

~~Servicing~~Beginning ~~Coupon~~Period ~~Total~~Principal ~~Base~~Receivables ~~Rate~~6,885,015,789.54 ~~(Current~~Beginning ~~Month)~~Period 2Finance Charge Receivables 350,340,011.25 Beginning Period Discounted Receivables 0.00% 4Beginning Period Total Receivables 7,235,355,800.~~35%~~79 6Removed Principal Receivables 0.~~35%~~00 ~~Base~~Removed ~~Rate~~Finance ~~(Prior~~Charge ~~Month)~~Receivables 20.00% 5Removed Total Receivables 0.~~24%~~00 7Discounted Receivables Generated this Period 0.~~24%~~00 ~~Base~~Additional ~~Rate~~Principal ~~(Two~~Receivables ~~Months~~0.00 ~~Ago)~~Additional 2Finance Charge Receivables 0.00% 5Additional Total Receivables 0.~~27%~~00 7Total Principal Collections this Period 614,486,741.~~27%~~21 ~~THREE~~Total ~~MONTH~~Defaulted ~~AVERAGE~~Principal ~~BASE~~Receivables ~~RATE~~this Period 67,767,170.69 Total Receivables Adjustments this Period 31,207,093.57 Total Finance Charge Collections this Period 143,375,463.59 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,819,383,918.~~95%~~75 Ending Period Finance Charge Receivables 339,275,190.91 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 7,158,659,109.66 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: 31-~~-------------------~~60 Days Delinquent 161,616,542.64 61-~~-------------------~~90 Days Delinquent 97,516,935.61 91+ Days Delinquent 185,569,723.66 Total 31+ Days Delinquent 444,703,201.91

ASSOCIATES CREDIT CARD MASTER NOTE TRUST CASH FLOW ALLOCATIONS SERIES 2000-2 FLOATING INVESTOR PERCENTAGE 0.114666 FIXED INVESTOR PERCENTAGE 0.114666

~~Beginning~~FINANCE ~~Period~~CHARGE ~~Principal~~ALLOCATIONS ~~Receivables 6,899,818,237.38 Beginning Period Finance Charge Receivables 363,590,663.31 Beginning Period Discounted Receivables 0.00 Beginning Period~~ Total ~~Receivables~~------------------------------------------------------------------------------------------------------------------------------- ~~7,263,408,900.69~~------------------------------------------------------------------------------------------------------------------------------- ~~Removed~~AVAILABLE ~~Principal~~FUNDS ~~Receivables 0.00 Removed Finance Charge Receivables 0.00 Removed~~ Total ~~Receivables~~Trust ~~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 616~~143,~~842~~375,~~473~~463.3759 Total Defaulted Principal Receivables this Period 68,163,161.30 Total Receivables Adjustments this Period 32,203,407.21 Total Finance Charge Collections this Period 148,374,808.75 Total Discounted Receivables this Period 0.00 Ending Period Principal Receivables 6,885,015,789.54 Ending Period Finance Charge Receivables 350,340,011.25 Ending Period Discounted Receivables 0.00 Ending Period Total Receivables 7,235,355,800.79 DELINQUENCY INFORMATION End of the Month Principal Delinquencies: '31-~~60 Days Delinquent 153,144,746.45 61~~-~~90 Days Delinquent 96,192,785.94 91+ Days Delinquent 190,512,976.23~~ ------------------~~---~~ --------------------- ~~Total~~Investor ~~31+~~Percentage ~~Days Delinquent 439,850,508~~0.62114666 --------------------- --------------------- Investor Finance Charge Collections 16,440,223.84 16,440,223.84 Excess Finance Charge Collections allocated to Series 0.00 0.00 Available Finance Charge Collections 16,440,223.84 16,440,223.84

CASH FLOW ALLOCATIONS

FINANCE CHARGE ALLOCATIONS Total --------------------------------------------------------------- --------------------- --------------------------------------------------------------- --------------------- AVAILABLE FUNDS Total Trust Finance Charge Collections 148,374,808.75 --------------------- --------------------- Investor Percentage 0.114420 --------------------- --------------------- Investor Finance Charge Collections 16,976,976.75 Excess Finance Charge Collections allocated to Series 0.00 Available Finance Charge Collections 16,976,976.75 CASH FLOW ALLOCATIONS Class A Distributions (1)Class A Monthly Interest 21,~~258~~967,~~666~~166.67 (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 21,~~258~~967,~~666~~166.67 Class B Distributions (5)Class B Monthly Interest ~~321~~280,~~885~~953.7622 (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 ~~321~~280,~~885~~953.7622 (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,~~799~~770,~~197~~558.2870 (14)Investor Charge-Offs 0.00 (15)Reallocated Principal Collections Previously Due 0.00 Class C Distributions (16)Class C Monthly Interest ~~471~~412,~~361~~742.2563 (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 4,~~810~~693,~~075~~012.7963 EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00 EXCESS SPREAD RELEASED TO TRANSFEROR 4,~~810~~693,~~075~~012.7963

PRINCIPAL ALLOCATIONS Class A Class B --------------------------------------------------------------------------------------------------------- ---------------------- --------------------------------------------------------------------------------------------------------- ---------------------- AVAILABLE FUNDS Total Trust Principal Collections ~~616~~614,~~842~~486,~~473~~741.3721 -------------------- -------------------- Investor Percentage 0.~~114420~~114666 -------------------- -------------------- Investor Principal Collections 70,~~578~~460,~~829~~449.4824 Shared Principal Collections from other Series' ~~546~~544,~~263~~026,~~643~~291.8997 Available Principal Collections ~~616~~614,~~842~~486,~~473~~741.3721 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 ~~0.00~~

ASSOCIATES CREDIT CARD MASTER NOTE TRUST

Group 1 Coupon Rate Balance Interest Payments --------------------- -------------------- --------------------- --------------------- -------------------- --------------------- Series 2000-21, Class A 4.2407% $ 600,000,000.00 $ 21,~~258~~967,~~666~~166.67 Series 2000-21, Class B 4.4831% $ 80,921,000.00 $ ~~321~~280,~~885~~953.7622 Series 2000-21, Class C 4.8972% $ 108,553,000.00 $ ~~471~~412,~~361~~742.2563

Series 2000-2 --------------------- -------------------- --------------------- ------------------------ --------------------- -------------------- --------------------- ------------------------ Class A Class B Class C Total --------------------- -------------------- --------------------- --------------------- --------------------- -------------------- --------------------- --------------------- Principal Distribution Required Amt $ - $ - - $ - - $ -- Interest Distribution Required Amt $ 21,~~258~~967,~~666~~166.67 $ ~~321~~280,~~885~~953.7622 $ ~~471~~412,~~361~~742.2563 $ 32,~~051~~660,~~913~~862.6852 Unpaid Principal Shortfalls paid $ - $ - $ - $ - Unpaid Interest Shortfalls paid $ - $ - $ - $ - Prepayable Interest $ - $ - $ - $ - Servicing Fee $ 1,315,790.00 $ 1,315,790.00 --------------------- -------------------- --------------------- --------------------- --------------------- -------------------- --------------------- --------------------- Total Required Distribution $ 21,~~258~~967,~~666~~166.67 $ ~~321~~280,~~885~~953.7622 $ 1,~~787~~728,~~151~~532.2563 $ 43,~~367~~976,~~703~~652.6852 ===================== ==================== ===================== ===================== ===================== ==================== ===================== =====================

Filing Compare · ASSOCIATES CREDIT CARD RECEIVABLES CORP