MONTHLY HOLDERS' STATEMENT
First National Bank of Commerce
New Orleans, Louisiana
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First NBC Credit Card Master Trust
Series 1997-1
April 10, 1998
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Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of August 1, 1997 by and between First National Bank of
Commerce, as Seller and Servicer ("FNBC"), and The First National Bank of
Chicago, as Trustee,(the "Trustee"), as amended and supplemented by the Series
1997-1 Supplement dated as of August 1, 1997 by and between FNBC and the
Trustee, FNBC, as Servicer, is required to prepare certain information for each
Distribution Date regarding current distributions to Certificateholders and the
performance of the First NBC Credit Card Master Trust (the "Trust")during the
previous period. The information which is required to be prepared with respect
to the distribution on the April 15,1998 Distribution Date, and with respect to
the performance of the Trust during the month of 03/1/98 to 03/31/98 is set
forth below. Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1997-1 Certificate
(a "Certificate"). Certain other information is presented based on the
aggregate amounts for the Trust as a whole. Capitalized terms used in this
Monthly Statement have their respective meanings set forth in the Pooling
and Servicing Agreement and the Supplement.
A Series 1997-1 Certificates
1 Information regarding Payments in respect of the Class A Certificates
(per $1,000 original certificate principal amount)
a Total Payment 5.125000
b Amount of Payment in respect of Class A Monthly Interest 5.125000
c Amount of Payment in respect of Class A Overdue Monthly Interest -
d Amount of Payment in respect of Class A Additional Interest -
e Amount of Payment in respect of Class A Principal -
2 Class A Investor Charge-Offs/Reimbursement of Class A Investor
Charge-Offs
a Total amount of Class A Investor Charge-Offs -
b Amount of Class A Investor Charge-Offs per $1,000 original
certificate principal amount -
c Total amount reimbursed in respect of Class A Investor Charge-Offs -
d Amount reimbursed in respect of Class A Investor Charge-Offs per
$1,000 original principal amount -
e The amount, if any, by which the outstanding Principal Balance
of the Class A Certificates exceeds the Class A Adjusted
Investor Interest after giving effect to all transactions on
such Distribution Date -
3 Information regarding Payments in respect of the Class B Certificates
(per $1,000 original certificate principal amount)
a Total Payment 5.291670
b Amount of Payment in respect of Class B Monthly Interest 5.291670
c Amount of Payment in respect of Class B Overdue Monthly Interest -
d Amount of Payment in respect of Class B Additional Interest -
e Amount of Payment in respect of Class B Principal -
4 Amount of reductions in Class B Investor Interest pursuant to clauses
(c), (d) and (e) of the definition of Class B Investor Interest
a Amount of reductions in Class B Investor Interest -
b Amount of reductions in Class B Investor Interest per $1,000
original certificate principal amount -
c Total amount reimbursed in respect of reductions of Class B
Investor Interest -
d Amount reimbursed in respect of reductions of Class B Investor
Interest per $1,000 original certificate principal amount -
e The amount, if any, by which the outstanding Principal Balance of
the Class B Certificates exceeds the Class B Investor Interest
after giving effect to all transactions on such Distribution Date -
Monthly Holders' Statement
Page 2 (all amounts in dollars except percentages)
5 Information regarding Distribution in respect of the Collateral
Interest
a Total distribution 5.239580
b Amount of distribution in respect of Collateral Monthly Interest 5.239580
c Amount of distribution in respect of Collateral Overdue Interest -
d Amount of distribution in respect of Collateral Monthly Principal -
6 Amount of reductions in Collateral Interest pursuant to clauses
(c), (d) and (e) of the definition of Collateral Interest
a Amount of reductions in Collateral Interest -
b Total amount reimbursed in respect of reductions of
Collateral Interest -
B Trust Performance
1 Delinquencies
a 31-59 days 13,316,933
b 60-89 days 8,766,587
c 90 days and over 14,297,023
d Total 30+ days delinquent 36,380,543
2 Base Rate
a Current Monthly Period 8.173%
b Prior Monthly Period 8.169%
c Second Prior Monthly Period 8.167%
3 Three Month Average Base Rate 8.170%
4 Portfolio Yield (gross portfolio yield less net defaults)
a Current Monthly Period 14.80756%
b Prior Monthly Period 14.97311%
c Second Prior Monthly Period 11.60413%
5 Three Month Average Portfolio Yield 13.79493%
6 Excess Spread Percentage
a Current Monthly Period 6.63456%
b Prior Monthly Period 6.80411%
c Second Prior Monthly Period 3.43713%
7 Three Month Average Excess Spread Percentage 5.62527%
8 Monthly Payment Rate (total collections/beginning aggregate
principal receivables) 14.33923%
9 Portfolio Adjusted Yield 6.13456%
First National Bank of Commerce, Servicer
By:/s/Jane B. Truett
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Name: Jane B. Truett
Title: Vice President and Controller