EXHIBIT 99.4
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MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
Beginning of the Month Principal Receivables: $ 2,560,653,543.40
Beginning of the Month Finance Charge Receivables: $ 109,535,727.38
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 2,670,189,270.78
Removed Principal Receivables: $ 0.00
Removed Finance Charge Receivables: $ 0.00
Removed Total Receivables: $ 0.00
Additional Principal Receivables: $ 133,568,171.87
Additional Finance Charge Receivables: $ 922,650.24
Additional Total Receivables: $ 134,490,822.11
Discounted Receivables Generated this Period: $ 0.00
End of the Month Principal Receivables: $ 2,606,297,821.32
End of the Month Finance Charge Receivables: $ 108,344,082.86
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 2,714,641,904.18
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 2,375,000,000.00
End of the Month Transferor Amount $ 231,297,821.32
End of the Month Transferor Percentage 8.87%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 56,689,490.22
60-89 Days Delinquent $ 41,838,760.68
90+ Days Delinquent $ 74,697,798.09
Total 30+ Days Delinquent $ 173,226,048.99
Delinquent Percentage 6.38%
Defaulted Accounts During the Month $ 10,544,300.69
Annualized Default Percentage 4.94%
Principal Collections 338,980,911.74
Principal Payment Rate 13.24%
Total Payment Rate 14.43%
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INVESTED AMOUNTS
Class A Initial Invested Amount $ 322,000,000.00
Class B Initial Invested Amount $ 28,000,000.00
INITIAL INVESTED AMOUNT $ 350,000,000.00
Class A Invested Amount $ 368,000,000.00
Class B Invested Amount $ 32,000,000.00
INVESTED AMOUNT $ 400,000,000.00
FLOATING ALLOCATION PERCENTAGE 15.58%
PRINCIPAL ALLOCATION PERCENTAGE 15.58%
MONTHLY SERVICING FEE $ 666,666.66
INVESTOR DEFAULT AMOUNT $ 1,631,096.33
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 92.00%
Class A Finance Charge Collections $ 7,103,415.36
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 7,103,415.36
Class A Monthly Interest $ 1,854,258.77
Class A Servicing Fee $ 613,333.33
Class A Investor Default Amount $ 1,511,377.89
TOTAL CLASS A EXCESS SPREAD $ 3,124,445.37
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 8.00%
Class B Finance Charge Collections $ 617,688.30
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 617,688.30
Class B Monthly Interest $ 164,795.45
Class B Servicing Fee $ 53,333.33
TOTAL CLASS B EXCESS SPREAD $ 399,559.52
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EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 3,524,004.89
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B $ 131,424.16
Interest, Servicing Fee and Default
Amount
Excess Spread Applied to Reductions of $ 0.00
Class B Invested Amount
Excess Spread Applied to Monthly Cash $ 27,022.22
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 3,365,558.51
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 19,305,664.73
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-C
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Interest, Servicing Fee and Default Amounts
Excess Finance Charge Collections Applied to $ 0.00
Reductions of Class B Invested Amount
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
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Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
YIELD AND BASE RATE --
Base Rate (Current Month) 7.68%
Base Rate (Prior Month) 7.86%
Base Rate (Two Months Ago) 7.91%
THREE MONTH AVERAGE BASE RATE 7.82%
Portfolio Yield (Current Month) 18.23%
Portfolio Yield (Prior Month) 12.33%
Portfolio Yield (Two Months Ago) 12.75%
THREE MONTH AVERAGE PORTFOLIO YIELD 14.44%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 48,544,252.85
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 4,221,239.37
TOTAL PRINCIPAL COLLECTIONS $ 52,765,492.22
REALLOCATED PRINCIPAL COLLECTIONS $
$ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A SCHEDULED AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
CLASS B SCHEDULED AMORTIZATION --
Controlled Accumulation Amount $ 0.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DEPOSIT AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 52,765,492.22
SHARING
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INVESTOR CHARGE OFFS --
CLASS A INVESTOR CHARGE OFFS $ 0.00
CLASS B INVESTOR CHARGE OFFS $ 0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $ 0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $ 0.00
CASH COLLATERAL ACCOUNT --
Required Cash Collateral Amount $ 52,000,000.00
Available Cash Collateral Amount $ 52,000,000.00
TOTAL DRAW AMOUNT $ 0.00
CASH COLLATERAL ACCOUNT SURPLUS $ 0.00
First USA Bank, NA
as Servicer
By: /s/ TRACIE KLEIN
-----------------------
Tracie H. Klein
Vice President