SUBJECT TO REVISION

SERIES TERM SHEET DATED NOVEMBER 15, 2002

[FLEET LOGO]

FLEET CREDIT CARD MASTER TRUST II
ISSUER

FLEET CREDIT CARD FUNDING TRUST
TRANSFEROR

FLEET BANK (RI), NATIONAL ASSOCIATION
SERVICER

$637,500,000 CLASS A % ASSET-BACKED CERTIFICATES, SERIES 2002-C
$45,000,000 CLASS B FLOATING RATE ASSET-BACKED CERTIFICATES, SERIES 2002-C

THE CLASS A % ASSET-BACKED CERTIFICATES, SERIES 2002-C AND THE CLASS B
FLOATING RATE ASSET-BACKED CERTIFICATES, SERIES 2002-C REPRESENT INTERESTS IN
THE FLEET CREDIT CARD MASTER TRUST II ONLY AND DO NOT AND WILL NOT REPRESENT
INTERESTS IN OR OBLIGATIONS OF FLEET BANK (RI), NATIONAL ASSOCIATION, FLEET
CREDIT CARD FUNDING TRUST OR ANY OF THEIR AFFILIATES.

A CERTIFICATE IS NOT A DEPOSIT AND NEITHER THE CERTIFICATES NOR THE
UNDERLYING ACCOUNTS OR RECEIVABLES ARE INSURED OR GUARANTEED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.

THIS SERIES TERM SHEET CONTAINS STRUCTURAL AND COLLATERAL INFORMATION ABOUT
THE CERTIFICATES; HOWEVER, THIS SERIES TERM SHEET DOES NOT CONTAIN COMPLETE
INFORMATION ABOUT THE CERTIFICATES. THE INFORMATION PROVIDED IN THIS SERIES TERM
SHEET IS PRELIMINARY AND WILL BE SUPERSEDED BY THE INFORMATION CONTAINED IN THE
PROSPECTUS SUPPLEMENT AND THE PROSPECTUS. ADDITIONAL INFORMATION WILL BE
CONTAINED IN THE PROSPECTUS SUPPLEMENT AND THE PROSPECTUS. PURCHASERS ARE URGED
TO READ BOTH THE PROSPECTUS SUPPLEMENT AND THE PROSPECTUS.

THIS SERIES TERM SHEET SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THESE SECURITIES
IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE.
SALES OF THE CERTIFICATES MAY NOT BE CONSUMMATED UNLESS THE PURCHASER HAS
RECEIVED BOTH THE PROSPECTUS SUPPLEMENT AND PROSPECTUS.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED THESE CERTIFICATES OR PASSED ON THE
ADEQUACY OR ACCURACY OF THE DISCLOSURES IN THIS SERIES TERM SHEET, THE
PROSPECTUS SUPPLEMENT OR THE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

Underwriters of the Class A Certificates
LEHMAN BROTHERS
CREDIT SUISSE FIRST BOSTON
FLEET SECURITIES, INC.
JPMORGAN
MERRILL LYNCH & CO.
SALOMON SMITH BARNEY

Underwriters of the Class B Certificates

LEHMAN BROTHERS CREDIT SUISSE FIRST BOSTON

SUMMARY OF TERMS

This series term sheet will be superseded in its entirety by the information
provided in the final prospectus supplement, the prospectus and the Series
2002-C Supplement. The certificates will be issued under the Pooling and
Servicing Agreement dated as of December 1, 1993 as amended and restated as of
January 1, 2002 (and as further amended from time to time, the "Master Pooling
and Servicing Agreement") among the bank, as servicer, Fleet Credit Card Funding
Trust, as transferor and Deutsche Bank Trust Company Americas, as trustee, as
supplemented by the Series 2002-C Supplement. The Master Pooling and Servicing
Agreement, together with the series supplement, is the "Pooling and Servicing
Agreement."

THE TRUST

Fleet Credit Card Master Trust II will issue the certificates.

The trust has issued numerous series of certificates, will issue the Series
2002-C certificates and expects to issue additional series. The certificates of
each series represent an ownership interest in the assets of the trust.

THE TRUSTEE

The trustee is Deutsche Bank Trust Company Americas (formerly known as Bankers
Trust Company).

THE BANK

Fleet Bank (RI), National Association is the owner of the revolving credit card
accounts. The bank sells the receivables in the accounts to Fleet Credit Card
Funding Trust.

The bank is a special purpose credit card bank. Its principal offices are
located at 111 Westminster Street, Providence, Rhode Island 02903. The telephone
number is (401) 278-5451.

TRANSFEROR

As transferor, Fleet Credit Card Funding Trust purchases the receivables from
the bank and transfers the receivables to the trust.

SERVICER

The bank is the servicer. As the servicer, the bank collects payments on the
receivables and allocates the collections among the interests in the trust.

THE RECEIVABLES

The primary assets of the trust are receivables in VISA(R) and MasterCard(R)(1)
revolving credit card accounts. The receivables consist of principal receivables
and finance charge receivables.

OFFERED SECURITIES

The trust is offering $637,500,000 of the Class A certificates and $45,000,000
of the Class B certificates as part of Series 2002-C. The certificates represent
an interest in the assets of the trust.

The Class B Certificates are subordinated to the Class A Certificates.

DISTRIBUTION DATES

The first distribution date will be January 15, 2003.

Distribution dates for the Series 2002-C certificates will be the 15th day of
each month if the 15th day is a business day. If the 15th is not a business day,
the distribution date will be the following business day.

INTEREST

Interest on the Series 2002-C certificates will be paid on each distribution
date.

Class A

The Class A certificates will bear interest at an annual rate equal to %.

Class B

The Class B certificates will bear interest at LIBOR as determined each month
plus % per annum.

PRINCIPAL

The transferor expects that principal on the Series 2002-C certificates will be
distributed on the October 2005 distribution date; however, principal may, in
fact, be distributed earlier or later.
- ---------------
(1) VISA(R) and MasterCard(R) are federally registered servicemarks of VISA
U.S.A., Inc. and MasterCard International Inc., respectively.

If certain adverse events known as pay out events occur, principal may be
distributed earlier than expected.

If collections of the credit card receivables are less than expected or are
collected more slowly than expected, then principal repayment may be delayed.

Class A

The transferor expects that principal of the Class A certificates will be
distributed on the October 2005 distribution date.

Class B

The transferor expects that principal of the Class B certificates will be
distributed on the October 2005 distribution date; however, no principal will be
paid on the Class B certificates unless the Class A certificates are paid in
full or a sufficient amount has been accumulated to pay the Class A certificates
in full.

Accumulation Period

The accumulation period for the certificates is scheduled to begin on January 1,
2005. The servicer may, however, elect to delay the beginning of the
accumulation period to a date not later than September 1, 2005.

Legal Final Maturity

If the Series 2002-C certificates are not paid on their expected final
distribution dates, collections of receivables will continue to be used to pay
principal on the Series 2002-C certificates until the certificates are paid or
until April 15, 2008, whichever occurs first. April 15, 2008 is the legal final
maturity date for Series 2002-C.

THE COLLATERAL INTEREST

At the same time as the Series 2002-C certificates are issued, the trust will
issue an undivided interest in the trust called a collateral interest in the
amount of $67,500,000 as part of Series 2002-C. The holder of the collateral
interest will have voting and certain other rights as if the collateral interest
were a subordinated class of certificates.

CREDIT ENHANCEMENT

SUBORDINATION OF CLASSES

The collateral interest and the Class B certificates are subordinated to the
Class A certificates.

The collateral interest is also subordinated to the Class B certificates.

THE TRANSFERORS' INTEREST

The interest in the trust not represented by Series 2002-C or by any other
series is the transferors' interest. The transferors' interest is held by Fleet
Credit Card Funding Trust. Fleet Credit Card Funding Trust may sell a portion of
the transferors' interest to other investors.

The transferors' interest does not provide credit enhancement for Series 2002-C
or any other series.

ALLOCATIONS

AMONG SERIES

Each month the bank, as servicer, will allocate collections received among:

- - Series 2002-C;

- - other outstanding series; and

- - the transferors' interest in the trust.

The amount allocated to Series 2002-C will be determined based upon the ratio of
the invested amount of Series 2002-C to the total amount of principal
receivables in the trust and any balance in the trust's excess funding account.

You are entitled to receive payments of interest and principal only from
collections and other trust assets allocated to your series.

The invested amount is the primary basis for allocations to Series 2002-C. The
invested amount is the sum of the Class A invested amount, the Class B invested
amount and the collateral invested amount.

At the time of issuance of the Series 2002-C certificates, the invested amount
for Series 2002-C will be $750,000,000.

AMONG CLASSES

From the amounts allocated to your series, the servicer will further allocate
among the Class A certificates, the Class B certificates and the collateral
interest on the basis of the invested amount of each class and the invested
amount of the collateral interest.

TAX STATUS

Subject to important considerations described in the prospectus, Orrick,
Herrington & Sutcliffe LLP, as special tax counsel to the bank and the
2

transferor, is of the opinion that under existing law the Series 2002-C Class A
certificates and the Series 2002-C Class B certificates will be characterized as
debt for federal income tax purposes. By your acceptance of a Series 2002-C
certificate, you will agree to treat your certificates as debt for federal,
state and local income and franchise tax purposes.

OPTIONAL REPURCHASE

On any date occurring on or after the date that the Series 2002-C investor
amount is reduced to 5% or less of the initial Series 2002-C invested amount,
the transferor will have the option to repurchase the Series 2002-C
certificates. Any optional repurchase may result in an early repayment of your
investment without any prepayment penalty.

ERISA CONSIDERATIONS

Subject to important considerations described in the prospectus supplement and
in the prospectus, the Class A certificates are eligible for purchase by persons
investing assets of employee benefit plans or individual retirement accounts.

For reasons discussed in the prospectus supplement and the prospectus, the Class
B certificates are not eligible for purchase by persons investing assets of
employee benefit plans or individual retirement accounts other than an insurance
company investing assets of its general account.

CERTIFICATE RATINGS

The Class A certificates will be rated in the highest rating category by at
least one nationally recognized rating organization and the Class B certificates
will be rated in one of the three highest rating categories by at least one
nationally recognized rating organization.

EXCHANGE LISTING

Fleet Credit Card Master Trust II will apply to list the Class A certificates
and the Class B certificates on the Luxembourg Stock Exchange. There is no
guarantee that the application for the listing will be accepted. You should
consult with Deutsche Bank Luxembourg S.A., the Luxembourg listing agent for the
certificates, 14 Boulevard F.D. Roosevelt, L-2450 Luxembourg, phone number (352)
46 02 41, to determine whether or not the Series 2002-C certificates are listed
on the Luxembourg Stock Exchange.

THE BANK AND
THE BANK'S CREDIT CARD ACTIVITIES

GENERAL

Fleet Bank (RI), National Association (the "bank") owns a portfolio of
credit card accounts consisting of accounts originated by the bank or acquired
from other entities. The portfolio of credit card accounts owned by the bank, as
it exists from time to time, including additional accounts originated or
acquired in the future, is the "Fleet Credit Card Portfolio." The accounts which
have been designated to the trust are included in the Fleet Credit Card
Portfolio, however, the Fleet Credit Card Portfolio also includes other accounts
which have not been designated to the trust.

The initial accounts were designated to the trust in 1993 by a predecessor
transferor to the trust. Since the initial designation, additional accounts have
been designated for inclusion in the trust from time to time.

The bank is a member of VISA U.S.A., Inc. and MasterCard International Inc.

FINANCE CHARGES

Some accounts have floating rate finance charges set at a rate above the
London interbank offered rate or at a rate above the prime rate. Other accounts
have finance charges set at rates established from time to time by the bank.

DELINQUENCY AND LOSS EXPERIENCE

The following tables show the delinquency and loss experience for the Fleet
Credit Card Portfolio.

The accounts which have been designated to the trust and the receivables in
such accounts as of any date of determination constitute the trust portfolio.

The trust portfolio is only a portion of the Fleet Credit Card Portfolio;
therefore, actual delinquency and loss experience for the receivables in the
trust may be different from that shown in the following tables which include
information for the entire Fleet Credit Card Portfolio.

There can be no assurance that the delinquency and loss experience for the
receivables in the trust will be similar to the historical experience shown in
the following tables.

DELINQUENCY EXPERIENCE
FLEET CREDIT CARD PORTFOLIO
(DOLLARS IN THOUSANDS)

<Table>
<Caption>
AS OF AS OF DECEMBER 31,
SEPTEMBER 30, -----------------------------------------
2002 2001 2000 1999
------------------- ----------- ----------- -----------

Receivables Outstanding(1)(2)..... $15,629,064 $15,414,076 $14,685,814 $14,278,212
Receivables Contractually
Delinquent as a Percentage of
Receivables Outstanding(1):
30-59 days...................... 1.24% 1.25% 1.52% 1.44%
60-89 days...................... 0.91% 0.96% 1.13% 1.09%
90 or more days................. 1.71% 1.86% 2.40% 2.35%
----------- ----------- ----------- -----------
Total................... 3.86% 4.07% 5.05% 4.88%
=========== =========== =========== ===========
</Table>

- ------------
(1) Receivables Outstanding and Receivables Contractually Delinquent as a
Percentage of Receivables Outstanding related to the credit card portfolio
acquired by Fleet as a result of the merger of Fleet Financial Group, Inc.
and BankBoston Corporation are included as of March 31, 2000.

(2) Receivables Outstanding consists of all amounts due from cardholders as
posted to the accounts.

LOSS EXPERIENCE
FLEET CREDIT CARD PORTFOLIO
(DOLLARS IN THOUSANDS)

<Table>
<Caption>
NINE MONTHS ENDED YEAR ENDED DECEMBER 31,
SEPTEMBER 30, -------------------------------------------
2002 2001 2000 1999
----------------- ----------- ----------- -----------

Average Receivables
Outstanding(1)(2)........... $14,981,118 $14,415,785 $14,199,216 $13,065,414
Gross Losses(1)(3)............ $ 665,519 $ 927,801 $ 863,922 $ 967,611
Recoveries(1)................. $ 46,670 $ 74,586 $ 74,400 $ 75,883
Net Losses.................... $ 618,849 $ 853,215 $ 789,522 $ 891,728
Net Losses as a Percentage of
Average Receivables
Outstanding................. 5.51%(4) 5.92% 5.56% 6.83%
</Table>

- ---------------
(1) Average Receivables Outstanding, Gross Losses and Recoveries related to the
credit card portfolio acquired by Fleet as a result of the merger of Fleet
Financial Group, Inc. and BankBoston Corporation are included as of March
31, 2000.

(2) Average Receivables Outstanding is the sum of receivables outstanding at the
beginning and end of each month during the period indicated, divided by
twice the number of months in the period indicated.

(3) Gross Losses are presented net of adjustments made pursuant to the bank's
normal servicing procedures and do not include accrued finance charges and
fees on accounts charged-off.

(4) Annualized.

PAYMENT RATES

The following table shows the highest and lowest cardholder monthly payment
rates and the average cardholder monthly payment rates for the Fleet Credit Card
Portfolio. The rates are calculated as a percentage of the total opening monthly
account balances during the periods shown. Payments shown in the table include
amounts which would be deemed payments of principal receivables and finance
charge receivables on the accounts.

MONTHLY PAYMENT RATES
FLEET CREDIT CARD PORTFOLIO(1)

<Table>
<Caption>
NINE MONTHS
ENDED YEAR ENDED DECEMBER 31,
SEPTEMBER 30, -----------------------
2002 2001 2000 1999
------------- ----- ----- -----

Lowest................................................ 12.17% 11.17% 11.12% 11.20%
Highest............................................... 14.79% 13.40% 12.93% 13.64%
Monthly Average....................................... 13.46% 12.59% 12.07% 12.06%
</Table>

- ------------
(1) Payments related to the credit card portfolio acquired by Fleet as a result
of the merger of Fleet Financial Group, Inc. and BankBoston Corporation are
included as of March 31, 2000.

RECEIVABLE YIELD CONSIDERATIONS

The following table provides yield information for the nine months ended
September 30, 2002 and each of the years ended December 31, 2001, 2000 and 1999.

The historical yield figures in the table are calculated on an accrual
basis. Collections on the receivables in the trust will be on a cash basis and
may not reflect the historical yield experience in the table. For example,
during periods of increasing delinquencies, accrual yields may exceed cash
yields as amounts collected on credit card receivables lag behind amounts
accrued and billed to cardholders. Conversely, as delinquencies decrease, cash
yields may exceed accrual yields as amounts collected in a current period may
include amounts accrued during prior periods. Yield on both an accrual and a
cash basis will be affected by numerous factors, including the finance charges
on the receivables in the trust, the amount of the annual cardholder fees and
other fees and charges, changes in the delinquency rate on the receivables in
the trust, the percentage of cardholders who pay their balances in full each
month and do not incur finance charges and any restrictions which may be imposed
by future legislation or regulations.

There can be no assurance that the revenue from finance charges and fees
for the receivables in the trust will be similar to the historical experience
set forth below.

REVENUE FROM FINANCE CHARGES AND FEES
FLEET CREDIT CARD PORTFOLIO

<Table>
<Caption>
NINE MONTHS
ENDED YEAR ENDED DECEMBER 31,
SEPTEMBER 30, --------------------------
2002 2001 2000 1999
------------- ------ ------ ------

Average Monthly Accrued Finance Charges and
Fees(1)(2)......................................... $38.62 $41.54 $44.17 $42.44
Average Account Balance(1)(3)........................ $3,065 $2,974 $2,882 $2,699
Yield From Finance Charges and Fees
(Annualized)(2).................................... 15.12% 16.76% 18.39% 18.87%
</Table>

- ------------
(1) Finance charges, fees and account balances related to the credit card
portfolio acquired by Fleet as a result of the merger of Fleet Financial
Group, Inc. and BankBoston Corporation are included as of March 31, 2000.

(2) Finance charges and fees are comprised of periodic finance charges, fees and
revenue attributed to interchange. Average Monthly Accrued Finance Charges
and Fees and Yield From Finance Charges and Fees are presented net of
adjustments made pursuant to normal servicing procedures, including the
removal of incorrect or disputed finance charges and fees and the reversal
of finance charges and fees on charged-off accounts.

(3) Average Account Balance includes net purchases, cash advances, balance
transfers, and billed and unpaid finance charges and fees, and is calculated
on the average of the monthly account balances for accounts with balances
during the periods presented.

The yields shown in the above tables are comprised of three components:
finance charges, fees and revenue attributed to interchange. The yield related
to fees varies with the type and volume of activity in, and the balance of, each
account.

The decrease in the Yield From Finance Charges and Fees shown in the above
table for the year ended December 31, 2001 and for the nine months ended
September 30, 2002 compared to the year ended December 31, 2000 reflects a
general decrease in interest rates. In addition, the decrease for the nine month
period ended September 30, 2002 is, in part, due to the origination of a
substantial volume of new accounts in the fourth quarter of 2001 and the first
nine months of 2002. Many of the new accounts are still in their introductory
period with low initial yields.

TRUST PORTFOLIO INFORMATION

The receivables in the initial accounts designated to the trust were
conveyed to the trust on December 3, 1993. Since that date, accounts have been
added to the trust from time to time.

As of the date of this series term sheet, the accounts from which the
receivables in the trust arise are the existing VISA and MasterCard accounts.
However, any new accounts designated to the trust are not required to be VISA or
MasterCard accounts.

The receivables in the trust including receivables in the additional
accounts, which have been or are expected to be designated to the trust during
the period from October 31, 2002 through the date of issuance of the Series
2002-C certificates totaled $12,312,218,694 in 7,226,938 accounts as of October
31, 2002. The accounts had an average credit limit of $8,704. The percentage of
the aggregate total receivables balance to the aggregate total credit limit was
19.6%. The average age of the accounts was approximately 51.7 months.

The receivables balance in the trust as of October 31, 2002, totaled (not
including receivables to be added to the trust thereafter) $11,450,423,160. The
receivables balance in the trust as of November 14, 2002 totaled
$11,375,212,545. As of November 14, 2002, the balance of receivables in the
trust which were 30 days or more contractually delinquent was $492,249,851.

The following tables summarize the trust portfolio by various criteria as
of the close of business on October 31, 2002, including receivables in the
additional accounts the receivables of which have been or are expected to be
conveyed to the trust during the period from October 31, 2002 through the date
of issuance of the Series 2002-C certificates. Because the future composition of
the trust portfolio may change over time, these tables are not necessarily
indicative of future results.

COMPOSITION BY ACCOUNT BALANCE
TRUST PORTFOLIO

<Table>
<Caption>
PERCENTAGE
OF TOTAL PERCENTAGE
NUMBER OF NUMBER OF OF TOTAL
ACCOUNT BALANCE RANGE ACCOUNTS ACCOUNTS RECEIVABLES RECEIVABLES
- --------------------- --------- ---------- --------------- -----------

Credit Balance........................... 105,871 1.5% $ (11,289,634) (0.1)%
$0.00.................................... 3,341,231 46.2 0 0.0
$0.01 to $1,000.00....................... 1,291,935 17.9 440,999,192 3.6
$1,000.01 to 2,500.00.................... 717,396 9.9 1,220,188,254 9.9
$2,500.01 to 5,000.00.................... 836,215 11.6 3,073,449,767 25.0
$5,000.01 to 7,500.00.................... 476,449 6.6 2,922,574,961 23.7
Over $7,500.00........................... 457,841 6.3 4,666,296,154 37.9
--------- ----- --------------- -----
Total.......................... 7,226,938 100.0% $12,312,218,694 100.0%
========= ===== =============== =====
</Table>

COMPOSITION BY CREDIT LIMIT
TRUST PORTFOLIO

<Table>
<Caption>
PERCENTAGE
OF TOTAL PERCENTAGE
NUMBER OF NUMBER OF OF TOTAL
CREDIT LIMIT ACCOUNTS ACCOUNTS RECEIVABLES RECEIVABLES
- ------------ --------- ---------- --------------- -----------

$0.00 to $2,500.00....................... 583,083 8.1% $ 299,010,485 2.4%
$2,500.01 to 3,500.00.................... 294,156 4.1 351,317,293 2.9
$3,500.01 to 5,000.00.................... 805,324 11.1 1,050,625,130 8.6
$5,000.01 to 7,500.00.................... 1,273,142 17.6 1,944,412,492 15.8
$7,500.01 to 10,000.00................... 1,644,445 22.7 2,491,435,322 20.2
$10,000.01 to 12,500.00.................. 1,249,465 17.3 2,244,152,953 18.2
Over $12,500.00.......................... 1,377,323 19.1 3,931,265,019 31.9
--------- ----- --------------- -----
Total.......................... 7,226,938 100.0% $12,312,218,694 100.0%
========= ===== =============== =====
</Table>

COMPOSITION BY PERIOD OF DELINQUENCY
TRUST PORTFOLIO

<Table>
<Caption>
PERCENTAGE
OF TOTAL PERCENTAGE
PERIOD OF DELINQUENCY NUMBER OF NUMBER OF OF TOTAL
(DAYS CONTRACTUALLY DELINQUENT) ACCOUNTS ACCOUNTS RECEIVABLES RECEIVABLES
- ------------------------------- --------- ---------- --------------- -----------

Not Delinquent........................... 7,045,401 97.5% $11,446,806,234 93.0%
1 to 29 days............................. 93,405 1.3 389,023,878 3.1
30 to 59 days............................ 28,554 0.4 144,123,037 1.2
60 to 89 days............................ 20,979 0.3 115,064,424 0.9
90 to 119 days........................... 15,674 0.2 86,429,104 0.7
120 to 149 days.......................... 12,196 0.2 68,631,070 0.6
150 or more days......................... 10,729 0.1 62,140,947 0.5
--------- ----- --------------- -----
Total.......................... 7,226,938 100.0% $12,312,218,694 100.0%
========= ===== =============== =====
</Table>

COMPOSITION BY ACCOUNT AGE
TRUST PORTFOLIO

<Table>
<Caption>
PERCENTAGE
OF TOTAL PERCENTAGE
NUMBER OF NUMBER OF OF TOTAL
ACCOUNT AGE ACCOUNTS ACCOUNTS RECEIVABLES RECEIVABLES
- ----------- --------- ---------- --------------- -----------

Not more than 6 Months................... 362,060 5.0% $ 1,058,614,296 8.6%
Over 6 to 12 Months...................... 800,809 11.1 1,771,907,144 14.4
Over 12 to 24 Months..................... 1,405,565 19.4 2,377,654,940 19.3
Over 24 to 36 Months..................... 1,073,583 14.9 1,735,175,380 14.1
Over 36 to 48 Months..................... 851,312 11.8 1,348,074,985 10.9
Over 48 to 60 Months..................... 835,663 11.5 920,878,917 7.5
Over 60 to 84 Months..................... 603,461 8.4 993,751,241 8.1
Over 84 Months........................... 1,294,485 17.9 2,106,161,791 17.1
--------- ----- --------------- -----
Total.......................... 7,226,938 100.0% $12,312,218,694 100.0%
========= ===== =============== =====
</Table>

COMPOSITION BY STATE
TRUST PORTFOLIO

<Table>
<Caption>
PERCENTAGE
OF TOTAL PERCENTAGE
NUMBER OF NUMBER OF OF TOTAL
STATE ACCOUNTS ACCOUNTS RECEIVABLES RECEIVABLES
- ----- --------- ---------- --------------- -----------

California............................... 816,766 11.3% $ 1,278,264,852 10.4%
New York................................. 672,019 9.3 1,041,801,770 8.5
Texas.................................... 432,205 6.0 818,174,989 6.7
Florida.................................. 442,330 6.1 791,826,341 6.4
Massachusetts............................ 394,967 5.5 596,886,129 4.8
Pennsylvania............................. 337,470 4.7 543,312,706 4.4
New Jersey............................... 354,099 4.9 522,527,307 4.2
Ohio..................................... 260,968 3.6 474,122,734 3.9
Illinois................................. 276,274 3.8 447,127,884 3.6
Michigan................................. 219,566 3.0 395,826,933 3.2
All Others(1)............................ 3,020,274 41.8 5,402,347,049 43.9
--------- ----- --------------- -----
Total.......................... 7,226,938 100.0% $12,312,218,694 100.0%
========= ===== =============== =====
</Table>

- ---------------
(1) No state or other jurisdiction is this category represented more than 3% of
the total number of accounts or more than 3% of the receivables.