PEOPLE'S BANK CREDIT CARD MASTER TRUST SERIES 1994-1 1997 ANNUAL TAX STATEMENT Total Distributions For The Year Ended 12/31/97: $135,883,333.36 Total Distributions Per $1,000 of Original Investment: $679.42 Distributions Allocated To Certificate Principal: $133,333,333.36 Distributions of Principal Per $1,000 of Original Investment: $666.67 Distributions Allocated to Certificate Interest: $2,550,000.00 Distributions of Interest Per $1,000 of Original Investment: $12.75 PEOPLE'S BANK CREDIT CARD MASTER TRUST SERIES 1994-2 1997 ANNUAL TAX STATEMENT Total Class A Distributions For The Year Ended 12/31/97: $261,619,520.86 Total Class A Distributions Per $1,000 of Original Investment: $688.48 Total Class B Distributions For The Year Ended 12/31/97: $1,215,463.60 Total Class B Distributions Per $1,000 of Original Investment: $60.77 Class A Distributions Allocated To Certificate Principal: $244,285,714.26 Class A Distributions of Principal Per $1,000 of Original Investment: $642.86 Class B Distributions Allocated to Certificate Principal $0.00 Class B Distributions of Principal Per $1,000 of Original Investment: $0.00 Class A Distributions Allocated To Certificate Interest: $17,333,806.60 Class A Distributions of Interest Per $1,000 of Original Investment: $45.62 Class B Distributions Allocated to Certificate Interest $1,215,463.60 Class B Distributions of Interest Per $1,000 of Original Investment: $60.77 PEOPLE'S BANK CREDIT CARD MASTER TRUST SERIES 1995-1 1997 ANNUAL TAX STATEMENT Total Class A Distributions For The Year Ended 12/31/97: $22,325,364.28 Total Class A Distributions Per $1,000 of Original Investment: $58.75 Total Class B Distributions For The Year Ended 12/31/97: $1,205,352.51 Total Class B Distributions Per $1,000 of Original Investment: $60.27 Class A Distributions Allocated To Certificate Principal: $0.00 Class A Distributions of Principal Per $1,000 of Original Investment: $0.00 Class B Distributions Allocated to Certificate Principal $0.00 Class B Distributions of Principal Per $1,000 of Original Investment: $0.00 Class A Distributions Allocated To Certificate Interest: $22,325,364.28 Class A Distributions of Interest Per $1,000 of Original Investment: $58.75 Class B Distributions Allocated to Certificate Interest $1,205,352.51 Class B Distributions of Interest Per $1,000 of Original Investment: $60.27 PEOPLE'S BANK CREDIT CARD MASTER TRUST SERIES 1996-1 1997 ANNUAL TAX STATEMENT Total Class A Distributions For The Year Ended 12/31/97: $22,075,007.77 Total Class A Distributions Per $1,000 of Original Investment: $58.25 Total Class B Distributions For The Year Ended 12/31/97: $1,255,003.49 Total Class B Distributions Per $1,000 of Original Investment: $59.76 Class A Distributions Allocated To Certificate Principal: $0.00 Class A Distributions of Principal Per $1,000 of Original Investment: $0.00 Class B Distributions Allocated to Certificate Principal $0.00 Class B Distributions of Principal Per $1,000 of Original Investment: $0.00 Class A Distributions Allocated To Certificate Interest: $22,075.007.77 Class A Distributions of Interest Per $1,000 of Original Investment: $58.25 Class B Distributions Allocated to Certificate Interest $1,255,003.49 Class B Distributions of Interest Per $1,000 of Original Investment: $59.76 PEOPLE'S BANK CREDIT CARD MASTER TRUST SERIES 1997-1 1997 ANNUAL TAX STATEMENT Total Class A Distributions For The Year Ended 12/31/97: $17,966,319.32 Total Class A Distributions Per $1,000 of Original Investment: $42.27 Total Class B Distributions For The Year Ended 12/31/97: $1,476,049.63 Total Class B Distributions Per $1,000 of Original Investment: $43.73 Total Collateral Interest Distributions For The Year Ended 12/31/97: $1,310,782.34 Total Collateral Interest Distributions Per $1,000 of Original Investment: $31.78 Class A Distributions Allocated To Certificate Principal: $0.00 Class A Distributions of Principal Per $1,000 of Original Investment: $0.00 Class B Distributions Allocated to Certificate Principal $0.00 Class B Distributions of Principal Per $1,000 of Original Investment: $0.00 Collateral Interest Distributions Allocated to Collateral Principal: $0.00 Collateral Interest Distributions of Principal Per $1,000 of Original Investment: $0.00 Class A Distributions Allocated To Certificate Interest: $17,966.319.32 Class A Distributions of Interest Per $1,000 of Original Investment: $42.27 Class B Distributions Allocated to Certificate Interest $1,476,049.63 Class B Distributions of Interest Per $1,000 of Original Investment: $43.73 Collateral Interest Distributions Allocated to Collateral Interest: $1,310,782.34 Collateral Interest Distributions of Interest Per $1,000 of Original Investment: $31.78 PEOPLE'S BANK CREDIT CARD MASTER TRUST SERIES 1997-2 1997 ANNUAL TAX STATEMENT Total Class A Distributions For The Year Ended 12/31/97: $5,599,566.83 Total Class A Distributions Per $1,000 of Original Investment: $13.18 Total Class B Distributions For The Year Ended 12/31/97: $460,046.49 Total Class B Distributions Per $1,000 of Original Investment: $13.63 Total Collateral Interest Distributions For The Year Ended 12/31/97: $437,357.87 Total Collateral Interest Distributions Per $1,000 of Original Investment: $10.60 Class A Distributions Allocated To Certificate Principal: $0.00 Class A Distributions of Principal Per $1,000 of Original Investment: $0.00 Class B Distributions Allocated to Certificate Principal $0.00 Class B Distributions of Principal Per $1,000 of Original Investment: $0.00 Collateral Interest Distributions Allocated to Collateral Principal: $0.00 Collateral Interest Distributions of Principal Per $1,000 of Original Investment: $0.00 Class A Distributions Allocated To Certificate Interest: $5,599,566.83 Class A Distributions of Interest Per $1,000 of Original Investment: $13.18 Class B Distributions Allocated to Certificate Interest $460,046.49 Class B Distributions of Interest Per $1,000 of Original Investment: $13.63 Collateral Interest Distributions Allocated to Collateral Interest: $437,357.87 Collateral Interest Distributions of Interest Per $1,000 of Original Investment: $10.60