Exhibit 99
FIRST CONSUMERS CREDIT CARD MASTER NOTE TRUST
Annual Noteholders' Statement - Series 2001-A
Annual Period: March - December 2001
Accrual Period: N/A
Days in Accrual Period: N/A
Pursuant to the Master Indenture, dated as of March 1, 2001
(as amended and supplemented, the "Indenture") between First
Consumers Credit Card Master Note Trust (the "Issuer") and
The Bank of New York, as indenture trustee (the "Indenture
Trustee"), as supplemented by the Series 2001-A Indenture
Supplement (the "Indenture Supplement"), dated as of
March 1, 2001, between the Issuer and the Indenture Trustee,
First Consumers National Bank, as Servicer (the "Servicer")
under the Transfer and Servicing Agreement, dated as of
March 1, 2001 (the "Transfer and Servicing Agreement") between
the Servicer and the Issuer is required to prepare certain
information each month regarding current distributions to the
Series 2001-A Noteholders and the performance of the Trust
during the previous month. The information required to be
prepared with respect to the Distribution Date of N/A and with
respect to the performance of the Trust during the Year of 2001
is set forth below. Capitalized terms used herein are defined
in the Indenture and the Indenture Supplement.
A. Information regarding distributions in respect of the Class A Notes
1. The total amount of the distribution in respect of
Class A Notes...........$15,962,719
2. The amount of the distribution set forth in paragraph 1
above in respect of principal on the
Class A Notes...........$0
3. The amount of the distribution set forth in paragraph 1
above in respect of interest on
Class A Notes...........$15,962,719
4. The total amount of the distribution in respect of
Class B Notes...........$2,612,223
5. The amount of the distribution set forth in paragraph 4
above in respect of principal on the
Class B Notes...........$0
6. The amount of the distribution set forth in paragraph 4
above in respect of interest on
Class B Notes...........$2,612,223
7. The total amount of the distribution in respect of
Class C Notes...........$1,868,830
8. The amount of the distribution set forth in paragraph 7
above in respect of principal on the
Class C Notes...........$0
9. The amount of the distribution set forth in paragraph 7
above in respect of interest on
Class C Notes...........$1,868,830
I. Receivables
A.1 Beginning of the year Principal Receivables...........$1,085,999,640
A.2 Beginning of the year Finance Charge Receivables......$ 29,087,485
A.3 Beginning of the year Discount Option Receivables.....$ 0
A.4 Beginning of the year Total Receivables...............$1,115,087,125
B.1 Removed Principal Receivables.........................$ 0
B.2 Removed Finance Charge Receivables....................$ 0
B.3 Removed Total Receivables.............................$ 0
C.1 Additional Principal Receivables......................$ 0
C.2 Additional Finance Charge Receivables.................$ 0
C.3 Additional Total Receivables..........................$ 0
D.1 Discount Option Receivables Generated this Period.....$ 0
D.2 Net Recoveries for month of: N/A.....................$ 0
D.3 End of the year Principal Receivables.................$1,225,599,707
D.4 End of the year Finance Charge Receivables............$ 30,661,717
D.5 End of the year Discount Option Receivables...........$ 0
D.6 End of the year Total Receivables.....................$1,256,261,424
E.1 Excess Funding Account Balance........................$ 0
E.2 Aggregate Principal Balance...........................$1,288,599,707
E.3 Minimum Aggregate Principal Balance...................$ 989,435,294
E.4 End of the year Seller Amount.........................$ 363,893,824
E.5 Principal Collections for prior Monthly
Period designated as Seller Interest................$ 63,000,000
E.6 Minimum Seller Amount.................................$ 64,729,412
II. Delinquencies and Losses
End of the year Delinquencies: Receivables
A.1 30-59 Days Delinquent.................................$ 42,996,519
A.2 60-89 Days Delinquent.................................$ 35,073,356
A.3 90+ Days Delinquent...................................$ 96,820,880
A.4 Total 30+ Days Delinquent.............................$ 174,890,755
B.1 Defaulted Receivables During the year.................$ 156,775,021
III. Note Principal Balances
A.1 Beginning of the year Aggregate Note
Principal Balance..................................$ 561,000,000
A.2 Class A Note Principal Balance........................$ 462,000,000
A.3 Class B Note Principal Balance........................$ 63,000,000
A.4 Class C Note Principal Balance........................$ 36,000,000
A.5 End of the year Aggregate Note Principal Balance......$ 561,000,000
A.6 Initial Excess Collateral Amount......................$ 39,000,000
IV. Series 2001-A Information - End of Year
A.1 Investor Percentage................................... N/A
A.2 Available Finance Charge Collections.................. N/A
A.3 Investor Default Amount............................... N/A
A.4 Investor Uncovered Dilution Amount.................... N/A
A.5 Monthly Servicing Fees................................ N/A
A.6 Available Principal Collections....................... N/A
A.7 Excess Finance Charge Collections..................... N/A
A.8 Shared Principal Collections.......................... N/A
A.9 Reserve Account Balance............................... N/A
A.10 Spread Account Balance................................ N/A
V. Application of Collections
A.1 Class A Annual Interest...............................$ 15,962,719
A.2 Class B Annual Interest...............................$ 2,612,223
A.3 Class C Annual Interest...............................$ 1,868,830
A.4 Class A Net Swap Payment..............................$ 8,191,219
A.5 Class B Net Swap Payment..............................$ 1,119,742
A.6 Class A Net Swap Receipt..............................$ 0
A.7 Class B Net Swap Receipt..............................$ 0
A.8 Annual Servicing Interest.............................$ 9,866,667
A.9 Investor Default Amount...............................$ 74,008,800
A.10 Investor Uncovered Dilution Amount....................$ 0
A.11 Investor Charge Offs and Reallocated Principal
Collections not Previously Reimbursed..............$ 0
A.12 Amounts to be Deposited in the Reserve Account........$ 0
A.13 Amounts to be Deposited in the Spread Account.........$ 0
Excess Finance Charge Collections
B.1 Total Excess Finance Charge Collections
for all Allocation Series..........................$ 0
Shared Principal Collections
C.1 Total Shared Principal Collections
for all Allocation Series..........................$ 0
VI. Yield and Base Rate
A.1 Base Rate (Year End).................................. N/A
A.2 Base Rate (Prior Month)............................... N/A
A.3 Base Rate (Two Months Ago)............................ N/A
A.4 Three Month Average Base Rate......................... N/A
B.1 Portfolio Yield (Year End)............................ N/A
B.2 Portfolio Yield (Prior Month)......................... N/A
B.3 Portfolio Yield (Two Months Ago)...................... N/A
B.4 Three Month Average Portfolio Yield................... N/A
VII. Principal Collections
A.1 Annual Principal......................................$ 0
A.2 Principal Accumulation Account Balance................$ 0
A.3 Series 2001-A Principal Shortfall.....................$ 0
A.4 Shared Principal Collections Allocable from
Other Principal Sharing Series.....................$ 0
VIII. Investor Charge Offs and Reductions
A.1 Investor Charge Offs..................................$ 0
A.2 Reallocated Principal Collections.....................$ 0
A.3 Reductions in Collateral Amount
(Other than by Principal Payments).................$ 0
A.4 Reductions in Collateral Amount due to
Application of Available Principal Collections
as Shared Principal Collections....................$ 0
A.5 Previous Reductions in Collateral
Amount Reimbursed..................................$ 0
Bank of New York Midwest Trust Company
as Paying Agent
IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 31st day of January, 2002
First Consumers National Bank
as Servicer
By: /s/ James E. Huston
Name: James Huston
Title: Executive Vice President, CFO