[Letterhead of People's Bank ]
                                  People's Bank
                       Bridgeport Center, 850 Main Street
                       Bridgeport, Connecticut 06604-4913




                                         February 27, 1998



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

    Re:      People's Bank Credit Card Master Trust; Post-Effective Amendment
             to the Registration Statement on Form S-1
             File No. 333-33269

Ladies and Gentlemen:

         Pursuant to the  discussions  of Mayer,  Brown & Platt and staff of the
Securities and Exchange  Commission (the  "Commission"),  and in accordance with
Rule 477 of the Securities Act of 1933, as amended, People's Bank, as originator
of  the  People's   Bank  Credit  Card  Master  Trust,   hereby   withdraws  its
post-effective  amendment to the  registration  statement on Form S-1,  File No.
333-33269,  which  amendment was filed with the Commission on September 15, 1997
(the "Post-Effective Amendment").


Very truly yours,

PEOPLE'S BANK


By:/s/ William T. Kosturko
   Name:  William T. Kosturko, Esq.
   Title: Executive Vice President and
          General Counsel