AGREEMENT TO TERMINATE 
THE OPERATING AGREEMENT FOR 
VISA ACCOUNTS AND RECEIVABLES
BETWEEN
NORDSTROM NATIONAL CREDIT BANK 
AND
NORDSTROM CREDIT, INC.



     It is hereby agreed that the Operating Agreement for Visa Accounts 
and
Receivables (the Agreement) dated May 1, 1994 between Nordstrom 
National Credit 
Bank (the Bank) and Nordstrom Credit, Inc. (Credit) is terminated 
effective August
14, 1996, upon agreement of both parties.  

     IN WITNESS WHEREOF, the Bank and Credit have caused this Agreement
to be terminated by their respective officers thereunto duly authorized
as of August 14, 1996.

Nordstrom National Credit Bank



By /s/ John A. Goesling
      -----------------------------
       John A. Goesling, Chairman

By /s/ John C. Walgamott
      -----------------------------
       John C. Walgamott, President


Nordstrom Credit, Inc.



By /s/ John C. Walgamott
       ----------------------------
       John C. Walgamott, President