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EXHIBIT 21
MONTHLY CERTIFICATEHOLDERS' STATEMENT
Discover Card Trust 1991 E
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CREDIT CARD
PASS-THROUGH CERTIFICATES
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Under the Pooling and Servicing Agreement dated as of Nov. 1, 1991 (the
"Agreement") by and among Greenwood Trust Company (the "Servicer"), Discover
Receivables Financing Group Inc. and Wilmington Trust Company, as Trustee, the
Servicer is required to prepare certain information each month regarding current
distributions to Investor Certificateholders and the performance of the Trust
during the previous month. The information which is required to be prepared with
respect to the distribution of June 20, 1997, and with respect to the
performance of the Trust during the Due Period ended in May 31, 1997, is set
forth below. Certain of the information is presented on the basis of an original
principal amount of $1,000 per Class A Certificate or Class B Certificate.
Certain other information is presented based on the aggregate amounts for the
Trust as a whole.
A. Information Regarding the Current Monthly Distribution (stated on the basis
of $1,000 original principal amount).
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1. The total amount of the distribution to Class A Certificate-
holders on June 20, 1997, per $1,000 interest ........... $ 0.000000000
2. The total amount of the distribution to Class B Certificate-
holders on June 20, 1997, per $1,000 interest ........... $ 1,006.541666750
3. The amount of the distribution set forth in paragraph 1 above
in respect of interest on the Class A Certificates, per
$1,000 interest ......................................... $ 0.000000000
4. The amount of the distribution set forth in paragraph 2 above
in respect of interest on the Class B Certificates, per
$1,000 interest ......................................... $ 6.541666750
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5. The amount of the distribution set forth in paragraph 1 above
in respect of principal on the Class A Certificates, per
$1,000 interest ........................................ $ 0.000000000
6. The amount of the distribution set forth in paragraph 2 above
in respect of principal on the Class B Certificates, per
$1,000 interest ........................................ $ 1,000.000000000
B. Information Regarding the Performance of the Trust.
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1. Collections of Receivables.
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(a) The aggregate amount of Finance Charge Collections processed
during the related Due Period ....................... $ 8,107,058.39
(b) The aggregate amount of Principal Collections processed
during the related Due Period ....................... $ 80,874,149.05
(c) The aggregate amount of Finance Charge Collections processed
during the related Due Period which was allocated in
respect of the Investor Certificates ................ $ 621,000.67
(d) The aggregate amount of Principal Collections processed
during the related Due Period which was allocated in
respect of the Investor Certificates ................ $ 68,468,054.59
(e) The aggregate amount of Finance Charge Collections processed
during the related Due Period which was allocated in
respect of the Class A Certificates ................. $ 0.00
(f) The aggregate amount of Principal Collections processed
during the related Due Period which was allocated in
respect of the Class A Certificates ................. $ 62,240,745.11
(g) The aggregate amount of Finance Charge Collections processed
during the related Due Period which was allocated in
respect of the Class B Certificates ................. $ 621,000.67
(h) The aggregate amount of Principal Collections processed
during the related Due Period which was allocated in
respect of the Class B Certificates ................. $ 6,227,309.48
(i) The aggregate amount of Finance Charge Collections processed
during the related Due Period which was allocated in
respect of the Seller Certificate ................... $ 7,486,057.72
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(j) The aggregate amount of Principal Collections processed
during the related Due Period which was allocated in
respect of the Seller Certificate ................... $ 12,406,094.46
2. Principal Receivables in the Trust.
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(a) The aggregate amount of Principal Receivables in the Trust
as of the end of the Due Period ended in May 31, 1997
(which reflects the Principal Receivables represented by the
Seller Certificate and the Investor Certificates) .. $ 521,175,043.04
(b) The amount of Principal Receivables in the Trust represented by the Class
A Certificates (the "Class A Interest") as of the Due Period Ended in May
31, 1997............................................. $ 0.00
(c) The amount of Principal Receivables in the Trust represented by the Class
B Certificates (the "Class B Interest") as of the Due Period Ended in May
31, 1997............................................. $ 0.00
(d) The Class A Interest and the Class B Interest set forth in paragraph 2 (b)
and 2 (c) above as a percentage of the aggregate amount of Principal
Receivables set forth in paragraph 2 (a) above ...... 0.00%
(e) The Class A Interest set forth in paragraph 2 (b) above as a
percentage of the aggregate amount of Principal Receivables
set forth in paragraph 2 (a) above .................. 0.00%
(f) The Class B Interest set forth in paragraph 2 (c) above as a
percentage of the aggregate amount of Principal Receivables
set forth in paragraph 2 (a) above .................. 0.00%
(g) The Deficit Controlled Amortization Amount (after giving
effect to the payments made on such Distribution
Date ................................................. $ 0.00
3. Investor Charged-Off Amount.
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(a) The aggregate amount of Receivables charged-off as uncolle-
ctible during the Due Period ended in May 31, 1997
allocable to the Investor Certificates (the "Investor
Charged-Off Amount") ................................. $ 230,940.40
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(b) The aggregate amount of Receivables charged-off as Uncolle-
ctible during the Due Period ended in May 31, 1997 allocable
to the Class A Certificates (the "Class A Charged-Off
Amount") ............................................. $ 0.00
(c) The sum of (i) the aggregate amount of Receivables charged-off as
uncollectible during the Due Period ended in May 31, 1997 allocable to the
Class B Certificates and (ii) the sum of (a) the positive difference, if
any, between the Class B Subordinated Payment and Class B Finance Charge
Collections (less Class B Excess Servicing) and (b) the amount by which
the Investor Interest for the Class B Certificates is reduced pursuant to
subsection 4.03(c) (i)(C)(the "Class B Charged-Off
Amount") $ 230,940.40
(d) The Cumulative Class A Charged-Off Amount on ........ June 20, 1997
...................................................... $ 0.00
(e) The Cumulative Class B Charged-Off Amount on ... June 20, 1997
...................................................... $ 0.00
4. Investor losses; Reimbursement of Charge-Offs.
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(a) The amount of Class A Investor Loss, as defined in Section 4.06 (b) of
the Agreement, during the Due Period
ended in May 31, 1997............................. $ 0.00
(b) The amount of Class B Investor Loss, as defined in Section 4.06 (b) of
the Agreement, during the Due Period ended in
May 31, 1997 ....................................... $ 0.00
(c) The amount of Class A Investor Loss set forth in Paragraph 5 (a) above,
per $1,000 interest ( which will have the effect of reducing, pro rata,
the amount of each Class A Certificate-holder's
investment) ......................................... $ 0.000000000
(d) The amount of Class B Investor Loss set forth in Paragraph 5 (b) above,
per $1,000 interest ( which will have the effect of reducing, pro rata,
the amount of each Class B Certificate-
holder's investment) ................................ $ 0.000000000
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(e) The total amount reimbursed to the Trust in the current month pursuant to
Section 4.06 (c) of the Agreement, if any, in respect of Class A Investor
Losses in prior months .............................. $ 0.00
(f) The total amount reimbursed to the Trust in the current month pursuant to
Section 4.06 (c) of the Agreement, if any, in respect of Class B Investor
Losses in prior months .............................. $ 0.00
(g) The amount set forth in paragraph 5 (e) above, per $1,000 interest (which
will have the effect of increasing, pro rata, the amount of each Class A
Certificateholder's investment) ..................... $ 0.000000000
(h) The amount set forth in paragraph 5 (f) above, per $1,000 interest (which
will have the effect of increasing, pro rata, the amount of each Class B
Certificateholder's investment) ..................... $ 0.000000000
(i) The aggregate amount of Class A Investor Losses in the Trust as of the end
of the day on June 20, 1997.......................... $ 0.00
(j) The aggregate amount of Class B Investor Losses in the Trust as of the end
of the day on June 20, 1997 ......................... $ 0.00
(k) The amount set forth in paragraph 5 (i) above, per $1,000 interest (which
will have had the effect of reducing, pro rata, the amount of Class A
Certificateholder's investment) ..................... $ 0.000000000
(l) The amount set forth in paragraph 5 (j) above, per $1,000 interest (which
will have had the effect of reducing, pro rata, the amount of Class B
Certificateholder's investment) ..................... $ 0.000000000
5. Investor Servicing Fee.
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(a) The amount of the Class A Monthly Servicing Fee payable by the Trust to
the Servicer for the month of May 31, 1997 .......... $ 0.00
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(b) The amount of the Class B Monthly Servicing Fee payable by the Trust to
the Servicer for the month of May 31, 1997 .......... $ 66,684.48
6. Available Subordinated Amount.
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(a) The amount available to be applied pursuant to Sections 4.03 (c) (i) (B)
and (C) of the Agreement as of the end of the day on
June 20, 1997 ....................................... $ 0.00
(b) The amount set forth in paragraph 6(a) above as a percentage of the Class
A Interest. ......................................... 0.00%
7. Available Class B Credit Enhancement Amount.
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(a) The amount available to be drawn under the Class B Credit Enhancement
pursuant to Sections 4.03 (c) (i) (G) and (H) of the Agreement as of the
end of the day on June 20, 1997 ..................... $ 0.00
(b) The amount set forth in paragraph 8 above as a percentage of the Class B
Interest. ........................................... 0.00%
8. The Pool Factor.
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The Pool Factor represents the ratio of the amount of the Class A Investor
Interest as of the end of the day on June 20, 1997 to the amount of the
Class A Investor Interest as of the Closing Date. The amount of Class A
Certificateholder's pro rata share of the Class A Investor Interest can be
determined by multiplying the original denomination of the Class A
Certificateholder's Certificate by the Pool Factor ........... 0.00000000
The Pool Factor represents the ratio of the amount of the Class B Investor
Interest as of the end of the day on June 20, 1997 to the amount of the
Class B Investor Interest as of the Closing Date. The amount of Class B
Certificateholder's pro rata share of the Class B Investor Interest can be
determined by multiplying the original denomination of the Class B
Certificateholder's Certificate by the Pool Factor ........... 0.00000000
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9. The aggregate outstanding balance of Receivables that were delinquent by the
30 to 59 days as of the close of business on the last day of the Due Period
related to such Distribution Date ..................... $ 11,570,371.22
10. The aggregate outstanding balance of Receivables that were delinquent by 60
days as of the close of business on the last day of the Due Period related
to such Distribution Date ............................. $ 17,056,816.60
Greenwood Trust Company as Servicer
By: ______________________________
Title: Vice President, Director of
Accounting and Treasurer
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MONTHLY SERVICER CERTIFICATE
DISCOVER CARD TRUST 1991 E
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CREDIT CARD
PASS-THROUGH CERTIFICATES
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The undersigned, a duly authorized representative of Greenwood Trust
Company ("Greenwood"), as Servicer pursuant to the Pooling and Servicing
Agreement dated as of Nov. 1, 1991 (the "Pooling and Servicing Agreement") by
and among Greenwood, Discover Receivables Financing Group Inc. and Wilmington
Trust Company , does hereby certify as follows:
1. Greenwood is Servicer under the Pooling and
Servicing Agreement.
2. The undersigned is a Servicing Officer.
3. The aggregate amount of Collections processed
during the related Due Period was equal to .. $ 88,981,207.44
4. The aggregate amount of Class A Principal
Collections processed by the Servicer during
the related Due Period is equal to .......... $ 62,240,745.11
5. The aggregate amount of the Class A Finance
Charge Collections processed by the Servicer
during the related Due Period is equal to ... $ 0.00
6. The sum of all amounts payable to the Class A
Certificateholders on the current Distribution
Date is equal to ............................ $ 0.00
7. The aggregate amount of Class B Principal
Collections processed by the Servicer during
the related Due Period is equal to .......... $ 6,227,309.48
8. The aggregate amount of the Class B Finance
Charge Collections processed by the Servicer
during the related Due Period is equal to .. $ 621,000.67
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9. The amount of drawings under the Class B
Credit Enhancement required to be made on the
succeeding Drawing Date pursuant to
(a) Section 4.03(c)(i)(G) is equal to...... $ 0.00
(b) Section 4.03(c)(i)(H) is equal to...... $ 0.00
(c) Section 4.05 is equal to............... $ 0.00
10. The sum of all amounts payable to the Class B
Certificateholders on the current Distribution
Date is equal to ........................... $ 40,261,666.67
11. Attached hereto is a true copy of the statement required to be delivered
by the Servicer on the date of this Certificate to the Trustee pursuant to
section 5.02.
IN WHITNESS WHEREOF , the undersigned has duly executed and and delivered
this certificate this day of June 20, 1997
GREENWOOD TRUST COMPANY, as Servicer
By: ______________________________
Title: Vice President, Director of
Accounting and Treasurer
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Greenwood Trust Company
Cash Collateral Account
Monthly Portfolio Status Report
Discover Card Trust 1991 E
Due Period Ending: 05/31/97
PORTFOLIO STATUS LOSSES & DELINQUENCIES
# of Accounts Dollars
Ending Total Outstanding 663,541 529,010,743.51
Total Principal Outstanding n/a 521,175,043.04
Total Finance Charge Outstanding n/a 7,835,700.47
Aggregate Investor Interest n/a 0.00
Delinquencies (90 days or greater) 3,189 10,518,691.21
% of Ending Total Outstanding n/a 1.988370%
Investor Net Charge Offs n/a 230,940.40
Annualized % of Investor Interest n/a 6.928212%
Monthly Principal Payment Rate n/a n/a
PAYMENTS & YIELD
Principal Payments
(Allocable to Investor Interest) 68,468,054.59
Finance Charges, Annual Fees & Late Fees
(Allocable to Investor Interest) 621,000.67
Annualized Gross Yield to Investor 18.630020%