This Amendment No. 1 to the People's Bank Current Report on Form 8-K
(Date of Report: July 21, 1999) (the "Report") is being filed solely for
the purpose of amending Exhibit 99.2 to the Report. Specifically, this
Amendment No. 1 amends the date appearing at the beginning of Exhibit 99.2
to read, in its entirety, as follows:
The following tables present data as of April 30, 1999
Composition by Account Balance
Representative Portfolio
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Account Balance Range Accounts Accounts Balance Balance
Credit Balance 54,773 2.57% $(6,925,385.38) -0.24%
Zero Balance 943,472 44.26% - 0.00%
$.01-$1,000.00 408,421 19.16% 140,936,976.78 4.82%
$1,000.01-$3,000.00 305,628 14.34% 589,144,538.84 20.13%
$3,000.01-$5,000.00 223,020 10.46% 884,424,695.22 30.22%
$5,000.01-$10,000.00 190,865 8.95% 1,257,463,216.80 42.96%
Over $10,000.00 5,332 0.25% 61,691,844.29 2.11%
Total 2,131,511 100.00% $2,926,735,886.55 100.00%
Composition by Credit Limit
Representative Portfolio
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Credit Limit Range Accounts Accounts Balance Balance
$0.01-$1,000.00 94,200 4.42% $ 7,683,962.14 0.26%
$1,000.01-$2,000.00 54,116 2.54% 30,583,737.53 1.04%
$2,000.01-$3,000.00 65,291 3.06% 63,750,758.51 2.18%
$3,000.01-$4,000.00 102,207 4.80% 113,177,333.25 3.87%
$4,000.01-$5,000.00 222,870 10.46% 295,736,638.97 10.10%
$5,000.01-$10,000.00 1,537,915 72.15% 2,246,381,960.89 76.75%
Over $10,000.00 54,912 2.58% 169,421,498.26 5.79%
Total 2,131,511 100.00% $2,926,735,889.55 100.00%
Composition by Period of Delinquency
Representative Portfolio
Percentage Percentage
Period of Delinquency of Total of Total
(Days Contractually Number of Number of Receivables Receivables
Delinquent) Accounts Accounts Balance Balance
Current 2,077,155 97.45% $2,724,552,395.32 93.09%
1-30 Days 31,215 1.46% 100,761,034.05 3.44%
31-60 Days 7,110 0.33% 27,367,273.29 0.94%
61 or More Days 16,031 0.75% 74,055,184.28 2.53%
Total 2,131,511 100.00% $2,926,735,886.94 100.00%
Composition by Account Age
Representative Portfolio
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Account Age Range Accounts Accounts Balance Balance
0-6 Months 125,605 5.89% $ 237,526,890.87 8.12%
Over 6 to 12 Months 399,608 18.75% 575,286,608.80 19.66%
Over 12 to 24 Months 576,409 27.04% 609,005,100.71 20.81%
Over 24 to 48 Months 646,088 30.31% 811,239,227.24 27.72%
Over 48 Months 383,801 18.01% 693,678,059.53 23.70
Total 2,131,511 100.00% $2,926,735,887.15 100.00%
Geographic Distribution by Receivables Balance
Representative Portfolio
Percentage Percentage
of Total of Total
Number of Number of Receivables Receivables
Accounts Accounts Balance Balance
CA 213,056 10.00% $ 286,894,503.89 9.80%
CT 140,424 6.59% 220,322,648.87 7.53%
TX 142,224 6.67% 204,976,308.04 7.00%
NY 144,056 6.76% 184,079,892.21 6.29%
FL 134,504 6.31% 179,933,718.65 6.15%
IL 87,655 4.11% 123,561,564.36 4.22%
PA 96,181 4.51% 118,209,356.63 4.04%
OH 86,198 4.04% 115,694,556.84 3.95%
MI 67,078 3.15% 89,763,745.15 3.07%
NJ 68,965 3.24% 87,470,677.45 2.99%
Other(1) 951,170 44.62% 1,315,828,915.00 44.96%
Total 2,131,511 100.00% $2,926,735,887.09 100.00%
<FN>
(1) States with less than 3.06% of the Percentage of Total Receivables
Balance.
</FN>