SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K

                                 Current Report
                                    Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of Report (Date of Earliest Event Reported) February 1, 1999


                                  PEOPLE'S BANK
                                  on behalf of
                     PEOPLE'S BANK CREDIT CARD MASTER TRUST
             (Exact Name of Registrant as Specified in its Charter)



                                   Connecticut
                 (State or Other Jurisdiction of Incorporation)



33-90012, 33-99506, 33-99508                        
333-33269, 333-45785, 333-63989                      06-1213065  
 (Commission File Number)                (I.R.S. Employer Identification No.)



850 Main Street, Bridgeport, Connecticut                            06604
 (Address of Principal Executive Offices)                       (Zip Code)



                                  (203)338-7171
              (Registrant's Telephone Number, Including Area Code)


                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)


Item 5.  Other Events.


    Pursuant to the terms of (i) the Amended and Restated Pooling and Servicing
Agreement (the "Pooling and Servicing Agreement"), dated as of March 18, 1997,
and further amended by an amendment thereto dated as of September 24, 1997,
amending and restating in its entirety the Pooling and Servicing Agreement,
dated as of June 1, 1993, by and between People's Bank, a Connecticut capital
stock savings bank ("People's Bank"), as seller and servicer, and Banker's
Trust Company, a banking corporation organized and existing under the laws of
the State of New York, as trustee (in such capacity, the "Trustee"), of the
People's Bank Credit Card Master Trust (the "Trust"), and (ii) Assignment 
No. 10 (the "Assignment"), dated as of February 1, 1999, between People's Bank
and the Trustee, People's Bank has transferred to the Trustee, on behalf of 
the Trust, all right, title and interest of People's Bank in and to 
receivables and specified related assets (collectively, the "Receivables") 
arising under certain revolving credit card accounts designated in the 
Assignment.  As a consequence of the foregoing transfer of the Receivables, 
the seller interest in the Trust evidenced by a seller certificate, currently 
held by a wholly-owned subsidiary of People's Bank, increased by a 
corresponding amount. Included as an exhibit hereto is a copy of the 
Assignment.

Item 7.  Financial Statement and Exhibits.

         (c)  Exhibits.

Exhibit
   No.            Document Description

99.1              Assignment No. 10

99.2              Revised tables summarizing Trust portfolio balance and 
                  account characteristics



                                      SIGNATURES

     Pursuant to the requirements of the Securities and Exchange Act of 
1934, the Registrant has duly caused this report to be signed on its 
behalf by the undersigned hereunto duly authorized.


                                      PEOPLE'S BANK


Dated:  February 17, 1998             By:  /s/ Vincent J. Calabrese  
                                             Vincent J. Calabrese
                                             First Vice President


                                INDEX TO EXHIBITS


Exhibit
   No.                     Document Description

99.1              Assignment No. 10

99.2              Revised tables summarizing Trust portfolio balance and 
                  account characteristics