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): May 10, 1996
ADVANTA CREDIT CARD MASTER TRUST I
(Exact name of Registrant as specified in its charter)
New York Reg. No 33-49602 Not Required
(State or other (Commission File (I.R.S.
jurisdiction of Number) Identification
incorporation) Number)
Colonial National Bank USA
Attention: Gene S. Schneyer
Brandywine Corporate Center 650
Naamans Road
Claymont, Delaware 19703
(Address ofOwner /Servicer)
Adress of principal executive offices
(302) 791-4400 (Telephone Number of Owner/Servicer)
(Registrant's Telephone Number)
Items 1-4 Inapplicable
Item 5 Other Events
Information relating to the distributions to Certificateholders
for the April 1996 Monthly Period of the Trust in respect of the
Class A-1 5.95 Fixed Rate Asset Backed Certificates, Series 92-3,
the Class A-2 Floating Rate Asset Backed Certificates, Series 92-
3, Floating Rate Asset Backed Certificates, Series 93-2, Floating
Rate Asset Backed Certificates, Series 93-4 and, Floating Rate
Asset Backed Certificates, Series 94-1, (the "Certificates")
issued by the Registrant and to the performance of the Trust
(including collections of Principal Receivables and Finance
Charge Receivables Principal Receivables in the Trust, delinquent
balances in Accounts, the Investor Default Amounts, the amount of
Investor Charge Offs, and the Investor Servicing Fees), together
with certain other information relating to the Certificates, is
contained in the Monthly Report for the Monthly Period provided
to Certificateholders pursuant to the Pooling and Servicing
Agreement (the "Agreement") dated as of April 1, 1992 between
Colonial National Bank USA and ChemicalBank, as trustee.
Capitalized terms not otherwise defined herein have the meanings
assigned in the Agreement.
Effective May 20, 1996 Colonial National Bank USA has changed
its name to Advanta National Bank USA
Item 6 . Inapplicable
Item 7 . Financials Statements, Pro Forma
Financials Information and Exhibits.
1. Monthly Reports for the April 1996 Monthly Period relating to the
Series 92-3
Class A-1, 5.95% Fixed Rate Asset Backed
Certificates, the Series 92-3 Class A-2
Floating Rate Asset Backed Certificates, the Series
93-2, the Series 93-4 and the Series
94-1 Floating Rate Asset Backed Certificates Issued
by the Advanta Credit Card Master Trust I
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934 the Registrant has only caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
ADVANTA CREDIT CARD MASTER TRUST I
(Registrant)
By: Colonial National Bank USA
(Owner/Servicer)
Date: May 20, 1996 BY: /s/ John J. Calamari
Name: John J. Calamari
Title: Vice President
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934 the Registrant has only caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
ADVANTA CREDIT CARD MASTER TRUST I
(Registrant)
By: Colonial National Bank USA
(Owner/Servicer)
Date: May 20, 1996 BY: /s/ John J. Calamari
Name: John J. Calamari
Title: Vice President
EXHIBIT INDEX
Sequential
Exhibit Page Number
1 Monthly Reports for the April 1996 5
Monthly Period relating to the
Class A-1 5.95% Fixed Rate Asset Backed
CertificatesSeries 1992-3, the Asset Backed
Certificates Series 1993-2, and the Asset Backed
Certificates Series 94-1, issued by the Advanta Credit
Card Master Trust I
COLONIAL NATIONAL BANK USA,
as Servicer
By:
April 1996
MONTHLY CERTIFICATEHOLDER'S STATEMENT
COLONIAL NATIONAL BANK USA
ADVCC Master Trust I
Series 1992-3
Under Section 5.02 of the Amended and Restated Master Pooling and
Servicing Agreement dated as of May 1, 1992, (hereinafter as such
agreement may have been or may be from time to time,
supplemented, amended or otherwise modified, the "Agreement")
between Colonial National Bank USA ("Colonial") as Seller and
Servicer and Chemical Bank, as Trustee (the "Trustee"),
Colonial as Servicer is required to prepare certain information
each month regarding current distributions to
Certificateholders and the performance of the ADVCC Master
Trust I (the "Trust") during the previous month. The
information which is required to be prepared with respect to
the Payment Date of May 15, 1996 and with respect to the
performance of the Trust during the month ofApril 1996 is set
forth below. Certain of the information presented on the basis
of an original principal amount of $1,000 per Investor
Certificate (a "Certificate"). Certain other information
presented is based on the aggregate amounts for the Trust as a
whole. Capitalized terms used herein have their respective
meanings set forth in the Agreement.
A. Information Regarding the Current Monthly Distribution
(Stated on the Basis of $1,000 Certificate).
1. The total amount of the distribution to Series 1992-3
Certificateholders per $1,000 original certificate
principal amount Class A-1 .............4.958333
Class A-2 .............. 4.895833
2. The amount of the distribution set forth in paragraph 1
above with respect to interest on the Series 1992-3 Certificates,
per $1,000 original principal amount
Class A-1 .............. 4.958333
Class A-2 .............. 4.895833
3. The amount of the distribution set forth in paragraph 1
above with respect to principal on the Series 1992-3
Certificateholders per $1,000 original principal
amount............. 0.00000
B. Information regarding the Performance of the Trust
1. Collection of Receivables.
(a) The aggregate amount of Collections of Receivables
processed during the Monthly Period immediately preceding
the Payment Date with the respect to the Investor
Certoficates of all Series .........$244,292,671.29
(b) The aggregate amount of average Receivables outstanding
during the Monthly Period immediately preceding the Payment
Date with the respect to the investor Certificates
of all Series .... $2,267,162,475.75
(c) The aggregate amount of Collections of Receivables in
respect of Finance Charge Receivables processed during the
Monthly Period immediately preceding the Payment Date which
were allocated with respect to Series 1992-3
Certificates .... $5,825,051.36
(d) The aggregate amount of Collections of Receivables
in respect of Principal Receivables processed during
the Monthly Period immediately preceding the Payment
Date which were allocated with respect to Series 1992-3
Certificates . $47,985,528.46
2. Principal Receivables in the Trust:
(a) The aggregate amount of Principal Receivables as of
the end of the last day of the preceding Monthly Period
(which reflects the Principal Receivables represented by
the Exchangeable Seller's Certificate and by the Investor
Certificates of all Series) ... $2,228,798,747.73
(b) The aggregate amount of Principal Receivables in the Trust
represented by the Series 1992-3 Certificates (the "Investor
Amount") as of the end of the last day of the preceding Monthly
Period .......... $500,000,000.00
(c) The Investor Amount on the date of issuance of the
Series 1992-3 Investor Certificates (the "Initial
Investor Amount") .......... $500,000,000.00
(d) The Investor Percentage with respect to the
allocation of Charged-off Receivables to Series
1992-3 Certificateholders .....22.32%
(e) The Investor Percentage with respect to the
allocation of Principal Receivables to Series
1992-3 Certificateholders .....22.32%
3. Investor Charged-Off Amount
The aggregate of the Investor Charged-Off Amounts for the
Monthly Period corresponding to the Payment Date allocable
to the Series 1992-3 Certificates .....$2,041,961.04
4. Reduction Amount; Reimbursement of Reduction Amount
(a) The amount of the drawing, if any, under the
Enhancement ..... $0.00
(b) The excess of the Reduction Amount allocable to the
Series 1992-3 Certificates over the amount of the drawing,
if any, under the Enhancement made to reimburse the Series
1992-3 Certificateholders for such amount
written off..... $0.00
(c) The Reduction Amount set forth in Item 5(b) above, per
$1,000 interest(which will have the effect of reducing,
pro rate, the amount of each Series 1992-3 Investor
Certificateholder's investment ....... 0.000000
(d) The total amount reimbursed to the Trust for such
Payment Date in respect of the Reduction Amount ...$0.00
(e) The amount set forth in Item 5(d) above, per $1,000
interest (which will have the effect of increasing, pro rata,
the amount of each Series 1992-3 Certificateholder's
investment) ... 0.000000
(f) The amount, if any, by which the outstanding principal
balance of the Investor Certificates exceeds the Series 1992-3
Investor Amount as of the end of the day on the Record date
with respect to the Payment Date ........$0.00
5.5. Investor Servicing Fee
The amount of the Series 1992-3 Monthly Servicing Fee payable
to the Servicer for the Payment Date ...........$833,333.33
6. Available Enhancement Amount
(a) The amount available to be drawn under the Enhancement
for the Series 1992-3 Certificates as of the close of
business on such Payment date, after giving effect to any
drawings on the Enhancement Provider on such Payment
Date... $65,000,000.00
(b) The ratio of the Available Enhancement Amount to the
Investor Amount of the Series 1992-3 Certificates as of the
close of business on such Payment date, after giving
effectto any drawings on the Enhancement and payments to
the Enhancement Provider on such Payment Date........13.00%
7. Carryover Controlled Amortization Amount
The existing Carryover Controlled Amortization Amount for
such Distribution Amount ......... $0.00
C. The Pool Factor
The Pool Factor for the Preceding Record Date (which represents the
ratio of the amount of the Investor Amount as of such
Record Date (adjusted after taking into account
any reduction in the Investor Amount which will occur on
the following Payment Date) to the Initial Investor
Amount). The amount of a Certificateholder's pro rata
share of the Investor Amount can be determined by
multiplying the original denomination
D. Receivables Balance
1. The aggregate amount of Principal Receivables in the
Trust at the close of business on the last day of the
immediately preceding Monthly Period (which reflects the
Principal Receivables represented by Exchangeable Seller's
Certificate and by the Investor Certificates
of all Series) ... $2,228,798,747.73
2. The aggregate amount of Finance Charge Receivables
in the Trust as the close of business on the last day of
the immediately preceding Monthly Period ...
$26,388,052.81
April 1996
MONTHLY CERTIFICATEHOLDER'S STATEMENT COLONIAL
NATIONAL BANK USA
Delinquent Balances
The aggregate outstanding balance of Accounts which are 30,
60, 90, 120, 150 and 180 or more days delinquent as of the
end of the prior Monthly Period for such Payment Date is:
Aggregate Account Balance
(a) 30-59 days: ........................ $24,129,611.62
(b) 60-89 days: ................ ........ $15,107,562.10
(c) 90-119 days: ................... .... $11,055,511.61
(d) 120-149 days: ...................... $8,195,551.37
(e) 150-179 days: ...................... $6,515,218.72
(f) 180 or more days: .................. $2,209,016.39
ADVANTA CREDIT CARD MASTER TRUST
Series 1993-2
Under the Amended and Restated Master Pooling and Servicing Agreement
(the "Agreement"), dated as of May 1, 1992, by and between Colonial
National Bank USA ("Colonial") as Seller and Servicer, and Chemical
Bank, as Trustee, Colonial, as Servicer, is required to prepare
certain information each month regarding current distributions to all
Investor Certificateholders of Series 1993-2 and the performance
of the ADVANTA Credit Card Master Trust ("the Trust") during
the previous Monthly Period. The information which is required
to be prepared wiht respect to the distribution on
the May 15, 1996 Payment Date (the "Payment Date") and with
respect to the performance of the Trust during the Monthly Period
for such Payment Date is set forth in the Certificate prepared in
accordance with Section 5.2(a) of the Agreement and additional
information specific to the Series 1993-2 Certificates is set
forth below in accordance with section 4.2 of the Series 1993-2
Supplement to the Agreement. Certain of the information is
presented on the basis of an original principal amount of $1,000
per Investor Certificate of Series 1993-2. Certain other
information is presented based on the aggregate amounts for
the Trust as a whole. All capitalized terms used herein shall have their
respective meanings set forth in the Agreement.
1. The total amount of the distribution on the Payment Date per $1000
original principal amount of the Investor Certificates ... 4.775000
2. The amount of the distribution set forth in paragraph 1 above in
respect of principal, per $1,000 original principal amount of
the Investor Certificates ... 0.000000
3. The amount of distribution set forth in paragraph 1 above in
respect of interest, per $1,000 priginal principal amount of
the Investor Certificates ... 4.775000
4. The aggregate amount of Collections of Receivables processed
for the prior Monthly Period which were allocated in respect
of the Investor Certificates ... $43,788,565.21
5. The aggregate amount of Collections of Principal Receivables
processed during the prior Monthly Period and allocated in
respect of the Investor Certificates ... $38,397,022.30
6. The aggregate amount of Collections of Finance Charge
Receivables processed during the prior Monthly Period and allocated in
respect of the Investor Certificates ... $4,661,085.02
7. The Investor Charged-Off Amount for the prior Monthly
Period is ..... $1,633,934.78
8. The aggregate amount of the Reduction Amounts for Series
1993-2 for the Monthly Period is ..... $0.00
9 The aggregate amount of the Reduction Amounts for Series
1993-2 reimbursed on such Payment Date is ..... $0.00
10. The amount of the Monthly Investor Servicing Fee for
the prior Monthly Period is ..... $666,666.67
11. The Pool Factor as of the end of the last day of the prior
Monthly Period is ...... 1.00
12. The amount, if any, by which the outstanding principal balance
of the Investor Certificates exceeds the Investor Amount as of
the end of the day on the Record Date with respect to such
Payment Date (after giving effect to any activity on such
Payment Date) is ... $0.00
13. The Investor Amount after giving effect to any payments
on such Payment Date is ...... $400,000,000.00
14. The Cash Collateral Guaranty Amount as of the close of
business on the Payment Date is ..... $52,000,000.00
15. The amount by which the Net Portfolio Yield for such Monthly Period
exceeds the Base Rate for the related Investor
Interest Period ..... 3.54 %
16. The aggregate existing Carryover Controlled Amortization
Amount with respect to Series 1993-2 (after giving effect
to any activity on such Payment Date) is ... $0.00
17. The Investor Percentage with respect to Principal
Receivables is ..... 17.86%
and with respect to Finance Charge Receivables is ...... 17.86%
Delinquent Balances
The aggregate outstanding balance of Accounts which are 30, 60,
90, 120, 150 and 180 or more days delinquent as of the end of
the prior Monthly Period for such Payment Date is:
Aggregate Account Balance
(a) 30-59 days: ........................ $24,129,611.62
(b) 60-89 days: ........................ $15,107,562.10
(c) 90-119 days: ....................... $11,055,511.61
(d) 120-149 days: ...................... $8,195,551.37
(e) 150-179 days: ...................... $6,515,218.72
(f) 180 or more days: .................. $2,209,016.39
COLONIAL NATIONAL BANK USA,
as Servicer
By:
April 1996
MONTHLY CERTIFICATEHOLDER'S STATEMENT COLONIAL
NATIONAL BANK USA
ADVANTA CREDIT CARD MASTER TRUST
Series 1993-4
Under the Amended and Restated Master Pooling and Servicing
Agreement (the "Agreement") dated as of May 1, 1992, by and between
Colonial National Bank USA ("Colonial") as Seller and Servicer, and
Chemical Bank, as Trustee, Colonial as Servicer, is required to
prepare certain information each month regarding current
distributons to all Investor Certificateholders of Series and the
performance of the ADVANTA Credit Card Master Trust (the "Trust")
during the previous Monthly Period. The information which is
required to be prepared with respect to the to the distribution on
the May 15, 1996 Payment Date(the "Payment Date") and with respect
to the performance of the Trust during the Monthly Period for such
Payment Date is set forth in the Certificate prepared in accordance
with Section 5.2(a) of the Agreement and additional information
specific to the Series 1993-4 Certificates is set forth below in
accordance with Section 4.2 of the Series 1993-4 Supplement to the
Agreement. Certain of the information is presented on the basis of
an original principal amount of $1,000 per Investor Certificate of
Series 1993-4. Certain other information is presented based on the
aggregate amounts for the Trust as a whole. All capitalized terms
used herein shall their respective meanings set forth in the
Agreement.
1. The total amount of the distribution on the Payment Date per
$1,000 original principal amount of the Investor
Certificates 4.791667
2. The amount of the distribution set forth in paragraph 1 above in
respect of principal per $1,000 original principal amount
of the Investor Certificates .......... 0.000000
3. The amount of distribution set forth in paragraph 1 above in
respect of interest, per $1,000 priginal principal amount of the
Investor Certificates .......... 4.791667
4. The aggregate amount of Collections of Receivables processed
for the prior Monthly Period which were allocated in respect
of the Investor Certificates ..... $43,705,231.87
5. The aggregate amount of Collections of Principal Receivables
processed during the prior Monthly Period and allocated in respect
of the Investor Certificates ..... $38,397,022.30
6. The aggregate amount of Collections of Finance Charge Receivables
processed during the prior Monthly Period and allocated in respect
of the Investor Certificates ......... $4,661,085.02
7. The Investor Charged-Off Amount for the prior Monthly Period
is .... $1,633,934.78
8. The aggregate amount of the Reduction Amounts for Series 1993-4
for the Monthly Period is .......... $0.00
9 The aggregate amount of the Reduction Amounts for Series 1993-4
reimbursed on such Payment Date is .......... $0.00
10. The amount of the Monthly Investor Servicing Fee for the prior
Monthly Period is .......... $666,666.67
11. The Pool Factor as of the end of the last day of the prior Monthly
Period is .......... 1.00
12. The amount, if any, by which the outstanding principal balance of
the Investor Certificates exceeds the Investor Amount as of the
end of the day on the Record Date with respect to such Payment
date (after giving effect to any activity on such Payment
Date) is ........ $0.00
13. The Investor Amount after giving effect to any payments on such
Payment Date is .......... $400,000,000.00
14. The Invested Amount after giving effect to payments on such
Payment Date is .......... $400,000,000.00
15. The Pre-Funded Amount after giving effect to payments on such
Payment Date is .......... $0.00
16. The Cash Collateral Guaranty Amount as of the close of business
on the Payment Date is .......... $52,00,000.00
17. The amount by which the Net Portfolio Yield for such Monthly
Period exceeds the Base Rate for the related
Interest Period. $1,090,941.45
18. The aggregate existing Carryover Controlled Amortization Amount
with respect to Series 1993-4(after giving effect to any
activity on such Payment Date) is .......... 0.00
19. The Investor Percentage with respect to Principal
Receivables is ...... 17.86%
and with respect to Finance Charge Receivables is ...... 17.86%
Delinquent Balances
The aggregate outstanding balance of Accounts which are 30, 60,
90, 120, 150 and 180 or more days delinquent as of the end of
the prior Monthly Period for such Payment Date is:
Aggregate Account Balance
(a) 30-59 days: .... ................. $24,129,611.62
(b) 60-89 days: ....................... $15,107,562.10
(c) 90-119 days: .. ................. $11,055,511.61
(d) 120-149 days: ...................... $8,195,551.37
(e) 150-179 days: ...................... $6,515,218.72
(f) 180 or more days: .................. $2,209,016.39
COLONIAL NATIONAL BANK USA,
as Servicer
By:
April 1996
MONTHLY CERTIFICATEHOLDER'S STATEMENT
COLONIAL NATIONAL BANK USA
ADVANTA CREDIT CARD MASTER TRUST
Series 1994-1
Under the Amended and Restated Master Pooling and Servicing Agreement
(the "Agreement") dated as of May 1, 1992, by and between Colonial
National Bank USA ("Colonial") as Seller and Servicer, and Chemical
Bank, as Trustee, Colonial, as Servicer, is required to prepare certain
1994-1 and the performance of the ADVANTA Credit Card Master Trust
(the "Trust") during the previous Monthly Period. The information
which is required to be prepared with respect to the distribution on the
May 15, 1996 Payment Date (the "Payment Date") and with respect to
the performance of the Trust during the Monthly Period for such
Payment Date is set forth in the Certificate prepared in accordance
with Section 5.2(a) of the Agreement and additional information
specific to the series 1994-1 Certificates is set forth below
in accordance with Section 4.2 of the series 1994-1 Supplement
of the series 1994-1 Supplement to the Agreement. Certain of the
information is presented on the basis of an original principal
amount of $1000 per Investor Certificate of Series 1994-1.
Cetain other information is presented based on the aggregate amounts
for the Trust as a whole. All capitalized terms used herein shall
have their respective meanings set forth in the Agreement.
1. The total amount of the distribution on the Payment Date per
$1000 original principal amount of
Class A Certificates .......... 4.708333
2. The total amount of the distribution on the Payment Date per
$1000 original principal amount of
Class B Certificates .......... 4.916667
3. The amount of the distribution set forth in paragraph 1 above in
respect of principal per $1,000 original principal amount of the
Class A Certificates .......... 0.000000
4. The amount of the distribution set forth in paragraph 2 above in
respect of principal per $1,000 original principal amount of the
Class B Certificates .......... 0.000000
5. The amount of distribution set forth in paragraph 1 above in
respect of interest, per $1,000 priginal principal amount of the
Class A Certificates .......... 4.708333
6. The amount of distribution set forth in paragraph 2 above in
respect of interest, per $1,000 priginal principal amount of the
Class B Certificates .......... 4.916667
7. The aggregate amount of Collections of Receivables processed
for the prior Monthly Period which were allocated in respect
of the Series 1994-1 Certificates .......... $43,621,898.54
8. The aggregate amount of Collections of Principal Receivables
processed during the prior Monthly Period and allocated in respect
of the Series 1994-1 Ceritificates .......... $38,397,022.29
9. The aggregate amount of Reallocated Class B Principal Collections
processed during the prior Monthly Period and allocated in respect
of the Class B Certificates .......... $2,300,381.51
10. The aggregate amount of Collections of Finance Charge Receivables
processed during the prior Monthly Period and allocated in respect
of the Class A Certificates .......... $4,381,837.49
11. The aggregate amount of Collections of Finance Charge Receivables
processed during the prior Monthly Period and allocated in respect
of the Class B Certificates .......... $279,247.54
12. The Class A Investor Charged-Off Amount for the prior Monthly
Period is .......... $1,536,045.07
13. The Class B Investor Charged-Off Amount for the prior Monthly
Period is .......... $97,889.71
14. The aggregate amount of Class A Reduction Amounts for the prior
Monthly Period is .......... $0.00
15. The aggregate amount of Class B Reduction Amounts for the prior
Monthly Period is .......... $0.00
16. The aggregate amount of Class A Reduction Amounts reimbursed
on such Payment Date is .......... $0.00
17. The aggregate amount of Class B Reduction Amounts reimbursed
on such Payment Date is .......... $0.00
18. The amount of the Class A Monthly Servicing Fee for the prior
Monthly Period is .......... $626,666.67
19. The amount of the Class B Monthly Servicing Fee for the prior
Monthly Period is .......... $40,000.00
20. The Class A Pool Factor as of the end of the last day of the prior
Monthly Period is .......... 1.00000
21. The Class B Pool Factor as of the end of the last day of the prior
Monthly Period is .......... 1.00000
22. The Class A Investor Amount after giving effect to any payments
on such Payment Date is .......... $376,000,000.00
23. The Class B Investor Amount after giving effect to any payments
on such Payment Date is .......... $24,000,000.00
24. The amount, if any, by which the outstanding principal balance
of the Class A Certificates exceeds the Class A Investor Amount
after giving effect to any activity on such Payment
Date is .......... 0.00
25. The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Investor Amount
after giving effect to any activity on such Payment
Date is .......... 0.00
26. The Available Cash Collateral Amount as of the close of business
on such Payment Date is .......... $32,000,000.00
27. The Available Shared Enhancement Amount as of the close of
business on such Payment Date is ........... $24,000,000.00
28. The amount by which the Net Portfolio Yield for such Monthly
Period exceeds the Base Rate for such Monthly Period is ... 3.11 %
29. The amount of Interchange with respect to the prior Monthly
Period is .......... $500,000.00
30. The amount of Servicer Interchange with respect to the prior
Monthly Period is .......... $333,333.33
31. The aggregate existing Carryover Controlled Amortization Amount
with respect to Series 1994-1 (after giving effect to any activity
on such Payment Date) is .......... $0.00
32. The Investor Percentage with respect to Principal
Receivables is ..... 17.86%
and with respect to Finance Charge Receivables is 17.86%
Delinquent Balances
The aggregate outstanding balance of Accounts which are 30, 60, 90,
120, 150 and 180 or more days delinquent as of the end of the prior
Monthly Period for such Payment Date is:
Aggregate Account Balance
(a) 30-59 days: ........................ $24,129,611.62
(b) 60-89 days: ........................ $15,107,562.10
(c) 90-119 days: ....................... $11,055,511.61
(d) 120-149 days: ...................... $8,195,551.37
(e) 150-179 days: ...................... $6,515,218.72
(f) 180 or more days: .................. $2,209,016.39
COLONIAL NATIONAL BANK USA,
as Servicer
By: