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): June 17th, 2002
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CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
ON BEHALF OF
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
(Exact name of registrant as specified in its charter)
UNITED STATES OF AMERICA
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(State or other jurisdiction of incorporation)
333-9486701
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(Commission File Numbers)
46-0358360
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(IRS Employer Identification Number)
701 EAST 60TH STREET, NORTH
SIOUX FALLS, SOUTH DAKOTA 57117
- ------------------------------------------------ -------------
(Address of principal executive office) (Zip Code)
Registrants telephone number, including area code (605) 331-2626
Item 5. Other Events
The monthly statements for the month of
May 2002 were distributed to Noteholders
on June 17, 2002.
Item 7 (C). Exhibits.
Exhibit No. Description
20.1 Series 2000-1 monthly statement for the month of May 2002.
20.2 Series 2000-2 monthly statement for the month of May 2002.
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.
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
AS SERVICER
By: /s/ Doug Morrison
-----------------------
Douglas Morrison
Chief Financial Officer
<table>
<caption>
File:May '02 8k_2000-1 CONFIDENTIAL
Servicer's Report Date of Report: 6/14/202
Interest Period: May 17, 2002 to June 16, 2002, Pay on June 17th
Associates Credit Card Master Note Trust, Series 2000-1
- -----------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
Transferor Trust
Interest Totals
- ------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------
Beginning Principal Receivables Balance 6,240,972,370.29
Beginning Fin. Chrg. Receivables Balance 239,704,197.49
Beginning Total Receivables Balance 6,480,676,567.78
Beginning Special Funding Accnt Balance 0.00
Beginning Spread Account Balance 0.00
Beginning Reserve Account Balance 0.00
Beginning Period Invested Amount 1,665,468,303.62
Ending Period Invested Amount 1,940,309,090.51
<caption>
Class A Class B Class C Total Series
Monthly Master Note Trust Activities Note Note Note Note
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Initial Invested Amount = Prin Bal 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
Principal Deposit to PFA 63,333,333.33 8,541,666.67 0.00 71,875,000.00
Principal Funding Acct (PFA) Bal 63,333,333.33 8,541,666.67 0.00 71,875,000.00
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 696,666,666.67 93,958,333.33 137,500,000.00 928,125,000.00
</table>
<Table>
<Caption>
- -------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------
Group I Information Series 2000-1
- -------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------
Beginning Invested Amount 1,000,000,000.00
Average Rate 2.07%
Allocable Finance Charge Collections 18,356,304.54
Allocable Principal Collections 85,204,137.02
Allocable Default Amount Due 10,304,256.14
Allocable Monthly Interest Due from Trust 1,785,061.80
Monthly Interest on PFA Balance 0.00
Allocable Monthly Servicing Fees Due 1,666,666.67
Ending Invested Amount 928,125,000.00
</table>
<table>
<caption>
- -----------------------------------------
- -----------------------------------------
Payout Event Tests
- -----------------------------------------
- -----------------------------------------
Base Rate Trigger
3 Month Average Portfolio Yield 10.41%
3 Month Average Base Rate 4.10%
Spread 6.31%
Trigger Pass Test: If Spread is >0, "Yes" Yes
<Caption>
Transferor's Interest Trigger
Required Transferor Interest 432,263,171.00
Transferor Interest 1,940,309,090.51
Trigger Pass Test Yes
</table>
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, Citibank (South Dakota), National Association("CBSD"), as
Servicer (the "Servicer") under the Transfer and Servicing Agreement, dated as
of April 1, 2000 (the "Transfer and Servicing Agreement") between Citibank
(South Dakota), National Association, as Transferor & 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 June 17th, 2002 and with respect to the
performance of the Trust during the month of May 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.
<Table>
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
</table>
MASTER NOTE TRUST RECEIVABLES
YIELD AND BASE RATE --
May: (31 posting days)
<table>
<caption>
Yield Defaults Total
Portfolio Yield (Current Month) 21.32% 11.97% 9.35%
Portfolio Yield (Prior Month) 20.72% 12.06% 8.66%
Portfolio Yield (Two Months Ago) 25.49% 12.26% 13.23%
THREE MONTH AVERAGE PORTFOLIO YIELD 10.41%
-----------------------
-----------------------
</table>
<table>
<caption>
Servicing Coupon Total
Base Rate (Current Month) 2.00% 2.07% 4.07%
Base Rate (Prior Month) 2.00% 2.09% 4.09%
Base Rate (Two Months Ago) 2.00% 2.13% 4.13%
THREE MONTH AVERAGE BASE RATE 4.10%
-----------------------
-----------------------
</table>
<table>
<caption>
Beginning Period Principal Receivables 6,240,972,370.29
Beginning Period Finance Charge Receivables 239,704,197.49
Beginning Period Discounted Receivables 0.00
Beginning Period Total Receivables 6,480,676,567.78
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 531,756,664.95
Total Defaulted Principal Receivables this Period 64,308,577.88
Total Receivables Adjustments this Period 22,123,782.94
Total Finance Charge Collections this Period 114,561,189.47
Total Discounted Receivables this Period 0.00
Ending Period Principal Receivables 6,175,188,157.18
Ending Period Finance Charge Receivables 230,030,280.05
Ending Period Discounted Receivables 0.00
Ending Period Total Receivables 6,405,218,437.23
DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
31-60 Days Delinquent 120,434,892.16
61-90 Days Delinquent 85,977,229.85
91+ Days Delinquent 186,949,084.87
---------------------
---------------------
Total 31+ Days Delinquent 393,361,206.88
---------------------
---------------------
</table>
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-1 `
Floating Investor Percentage 16.0231% Floating Allocation Percentage
89.4706% Fixed Investor Percentage 16.0231% Series Allocation Percetage 17.9088%
Principal Allocation Percentage 89.4706%
<table>
<caption>
FINANCE CHARGE ALLOCATIONS Total
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Finance Charge Collections 114,561,189.47
Investor Percentage 16.0231%
Investor Finance Charge Collections 18,356,304.54 18,356,304.54
Excess Finance Charge Collections allocated to Series 0.00 0.00
Available Finance Charge Collections 18,356,304.54 18,356,304.54
</table>
CASH FLOW ALLOCATIONS
<table>
<caption>
Class A Distributions
(1)Class A Monthly Interest 1,285,983.33
(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 1,285,983.33
Class B Distributions
(5)Class B Monthly Interest 192,415.28
(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 192,415.28
(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 10,304,256.14
(14)Investor Charge-Offs 0.00
(15)Reallocated Principal Collections Previously Due 0.00
Class C Distributions
(16)Class C Monthly Interest 306,663.19
(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 4,600,319.93
EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00
EXCESS SPREAD RELEASED TO TRANSFEROR 4,600,319.93
</table>
<table>
<caption>
PRINCIPAL ALLOCATIONS
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Principal Collections 531,756,664.95
Series Allocation Percentage 17.9088%
Principal Allocation Percentage 89.4706%
Investor Principal Collections - Series Level 85,204,137.02
Shared Principal Collections from other Series' 0.00
Total Investor Principal Collections - Series Level 85,204,137.02
Class A Class B Class C Total
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
Class Principal Percentages(A & B) 88.12% 11.88% 0.00% 100.00%
Class Principal Collections 75,078,427.98 10,125,709.04 - 85,204,137.02
Prin Bal at end of Revolving Prd 760,000,000.00 102,500,000.00 137,500,000.00 1,000,000,000.00
Monthly Deposit to PFA. 63,333,333.33 8,541,666.67 71,875,000.00
Partial Deposit:(Prin Funding Acct) - - - -
Deficiency Controlled Deposit to PFA - - -
Principal Deposit to PFA - Shortfall - - - -
Monthly Principal Payment to PFA 63,333,333.33 8,541,666.67 - 71,875,000.00
Shared Principal Collections 11,745,094.65 1,584,042.37 - 13,329,137.02
Bullet Prin Payment at Maturity - - - -
Total Distribution:Interest + Prin 1,285,983.33 192,415.28 306,663.19 1,785,061.80
</table>
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
<table>
<caption>
Group 1 Coupon Rate Balance Interest Payments
--------------------- --------------------- ---------------------
--------------------- --------------------- ---------------------
Series 2000-1, Class A 1.97% $ 760,000,000.00 $ 1,285,983.33
Series 2000-1, Class B 2.18% $ 102,500,000.00 $ 192,415.28 8
Series 2000-1, Class C 2.59% $ 137,500,000.00 $ 306,663.19 9
</table>
<table>
<caption>
Series 2000-1
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-----------------------------------------------------------------------------------------
Class A Class B Class C Total
--------------------- --------------------- --------------------- -----------------------
--------------------- --------------------- --------------------- -----------------------
Principal Distribution Required Amt $ - $ - - $ - - -$ -
Interest Distribution Required Amt $ 1,285,983.33 $ 192,415.28 $ 306,663.19 $ 1,785,061.80
Unpaid Principal Shortfalls paid $ - $ - - $ - - -$ -
Unpaid Interest Shortfalls paid $ 63,333,333.33 $ 8,541,666.67 $ - $ 71,875,000.00
Prepayable Interest $ - $ - - $ - - -$ -
Servicing Fee $ 1,666,666.67 $ 1,666,666.67
--------------------- --------------------- --------------------- -----------------------
--------------------- --------------------- --------------------- -----------------------
Total Required Distribution $ 64,619,316.66 $ 8,734,081.95 $ 1,973,329.86 $ 75,326,728.47
===================== ===================== ===================== =======================
===================== ===================== ===================== =======================
</table>
<table>
<caption>
File:May '02 8k_2000-2 CONFIDENTIAL
Servicer's Report Date of Report: 6/14/2002
Interest Period: May 17, 2002 to June 16, 2002, Pay on June 17th
Associates Credit Card Master Note Trust, Series 2000-2
- ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------
Transferor Trust
Interest Totals
- ----------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------
Beginning Principal Receivables Balance 6,240,972,370.29
Beginning Fin. Chrg. Receivables Balance 239,704,197.49
Beginning Total Receivables Balance 6,480,676,567.78
Beginning Special Funding Accnt Balance 0.00
Beginning Spread Account Balance 0.00
Beginning Reserve Account Balance 0.00
Beginning Period Invested Amount 1,665,468,303.62
Ending Period Invested Amount 1,940,309,090.51
<caption>
Class A Class B Class C Total Series
Monthly Master Note Trust Activities Note Note Note Note
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Initial Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00
Beginning Period Invested Amount 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00
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 600,000,000.00 80,921,000.00 108,553,000.00 789,474,000.00
</table>
<table>
<Caption>
- -----------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------
Group I Information Series 2000-2
- -----------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------
Beginning Invested Amount 789,474,000.00
Average Rate 2.05%
Allocable Finance Charge Collections 14,491,825.17
Allocable Principal Collections 67,983,039.64
Allocable Default Amount Due 8,134,942.31
Allocable Monthly Interest Due 1,396,343.37
Monthly Interest on PFA Balance 0.00
Allocable Monthly Servicing Fees Due 1,315,790.00
Ending Invested Amount 789,474,000.00
</table>
<table>
<caption>
- ----------------------------------------
- ----------------------------------------
Payout Event Tests
- ----------------------------------------
- ----------------------------------------
Base Rate Trigger
3 Month Average Portfolio Yield 10.41%
3 Month Average Base Rate 4.08%
Spread 6.33%
Trigger Pass Test: If Spread is >0, "Yes" Yes
<Caption>
Transferor's Interest Trigger
Required Transferor Interest 432,263,171.00
Transferor Interest 1,940,309,090.51
Trigger Pass Test Yes
</table>
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, Citibank (South Dakota), National Association, as
Servicer (the "Servicer") under the Transfer and Servicing Agreement, dated as
of April 1, 2000 (the "Transfer and Servicing Agreement") between Citibank
(South Dakota) National Association, as Transferor & 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 June 17, 2002, and with respect to the
performance of the Trust during the month of May 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.
<Table>
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
</table>
MASTER NOTE TRUST RECEIVABLES
YIELD AND BASE RATE --
May : (31 posting days)
<table>
<caption>
Yield Defaults Total
Portfolio Yield (Current Month) 21.32% 11.97% 9.35%
Portfolio Yield (Prior Month) 20.72% 12.06% 8.66%
Portfolio Yield (Two Months Ago) 25.49% 12.26% 13.23%
THREE MONTH AVERAGE PORTFOLIO YIELD 10.41%
---------------------
---------------------
</table>
<table>
<caption>
Servicing Coupon Total
Base Rate (Current Month) 2.00% 2.05% 4.05%
Base Rate (Prior Month) 2.00% 2.07% 4.07%
Base Rate (Two Months Ago) 2.00% 2.11% 4.11%
THREE MONTH AVERAGE BASE RATE 4.08%
---------------------
---------------------
</table>
<table>
<caption>
Beginning Period Principal Receivables 6,240,972,370.29
Beginning Period Finance Charge Receivables 239,704,197.49
Beginning Period Discounted Receivables 0.00
Beginning Period Total Receivables 6,480,676,567.78
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 531,756,664.95
Total Defaulted Principal Receivables this Period 64,308,577.88
Total Receivables Adjustments this Period 22,123,782.94
Total Finance Charge Collections this Period 114,561,189.47
Total Discounted Receivables this Period 0.00
Ending Period Principal Receivables 6,175,188,157.18
Ending Period Finance Charge Receivables 230,030,280.05
Ending Period Discounted Receivables 0.00
Ending Period Total Receivables 6,405,218,437.23
DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
31-60 Days Delinquent 120,434,892.16
61-90 Days Delinquent 85,977,229.85
91+ Days Delinquent 186,949,084.87
--------------------
--------------------
Total 31+ Days Delinquent 393,361,206.88
--------------------
--------------------
</table>
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-2
FLOATING INVESTOR PERCENTAGE 12.6499%
FIXED INVESTOR PERCENTAGE 12.6499%
<table>
<caption>
FINANCE CHARGE ALLOCATIONS Total
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Finance Charge Collections 114,561,189.47
Investor Percentage 12.6499%
Investor Finance Charge Collections 14,491,825.17 14,491,825.17
Excess Finance Charge Collections allocated to Series 0.00 0.00
Available Finance Charge Collections 14,491,825.17 14,491,825.17
</table>
CASH FLOW ALLOCATIONS
<table>
<caption>
Class A Distributions
(1)Class A Monthly Interest 1,002,333.33
(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 1,002,333.33
Class B Distributions
(5)Class B Monthly Interest 151,906.70
(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 151,906.70
(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 8,134,942.31
(14)Investor Charge-Offs 0.00
(15)Reallocated Principal Collections Previously Due 0.00
Class C Distributions
(16)Class C Monthly Interest 242,103.34
(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 3,644,749.49
EXCESS SPREAD ALLOCATED TO OTHER SERIES' 0.00
EXCESS SPREAD RELEASED TO TRANSFEROR 3,644,749.49
</table>
<table>
<caption>
PRINCIPAL ALLOCATIONS Class A Class B
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Principal Collections 531,756,664.95
Investor Percentage 14.1386%
Investor Principal Collections 90.4238%
Shared Principal Collections from other Series' 67,983,039.64
Available Principal Collections 0.00
67,983,039.64
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
</table>
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
<table>
<caption>
Group 1 Coupon Rate Balance Interest Payments
--------------------- -------------------- --------------------
--------------------- -------------------- --------------------
Series 2000-2, Class A 1.94% $ 600,000,000.00 $ 1,002,333.33 3
Series 2000-2, Class B 2.18% $ 80,921,000.00 $ 151,906.70 70
Series 2000-2, Class C 2.59% $ 108,553,000.00 $ 242,103.34 34
</table>
<table>
<caption>
Series 2000-2
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
Class A Class B Class C Total
--------------------- -------------------- -------------------- ---------------------
--------------------- -------------------- -------------------- ---------------------
Principal Distribution Required Amt $ - $ - - $ - - $ - -
Interest Distribution Required Amt $ 1,002,333.33 $ 151,906.70 $ 242,103.34 $ 1,396,343.374
Unpaid Principal Shortfalls paid $ - $ - $ - $ - -
Unpaid Interest Shortfalls paid $ - $ - $ - $ - -
Prepayable Interest $ - $ - $ - $ - -
Servicing Fee $ 1,315,790.00 $ 1,315,790.000
--------------------- -------------------- -------------------- ---------------------
--------------------- -------------------- -------------------- ---------------------
Total Required Distribution $ 1,002,333.33 $ 151,906.70 $ 1,557,893.34 $ 2,712,133.374
===================== ==================== ==================== =====================
===================== ==================== ==================== =====================
</table>