EXHIBIT 28H
CERTIFICATEHOLDER'S PAYMENT DATE STATEMENT
First USA Bank, National Association
FIRST CHICAGO MASTER TRUST II
Series 1998-V
February 12, 2001
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 as amended and restated as of September 1,
1999, by and between First USA Bank, National Association,, as Seller and
Servicer ("First USA"), and Norwest Bank Minnesota, National Association, as
Trustee, (the "Trustee"), as amended and supplemented by the Series 1998-V
Supplement dated as of November 1, 1998 by and between First USA and the
Trustee, First USA, as Servicer, is required to prepare certain information for
each Payment Date regarding current distributions to Class A Certificateholders
and the performance of the First Chicago Master Trust II (the "Trust") during
the previous period. The information which is required to be prepared with
respect to the distribution on the February 15, 2001 Payment Date and with
respect to the performance of the Trust during the Due Period for such Payment
Date is set forth below. Certain of the information is presented on the
aggregate amounts for the Trust as a whole. All capitalized terms used herein
shall have the respective meanings set forth in the Pooling and Servicing
Agreement.
A. Information Regarding the Current Distribution (Stated on the Basis of $1,000
Original Principal Amount)
1. The total amount of the distribution to Class A
Adjusted Certificateholders on the Payment Date per
$1,000 interest. $5.135
2. The amount of the distribution set forth in
paragraph 1 above in respect of principal on the
Class A Adjusted Certificates, per $1,000 interest $0.000
3. The amount of the distribution set forth in
paragraph 1 above in respect of interest on the
Class A Adjusted Certificates, per $1,000 interest $5.135
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
--------------------------
a. The aggregate amount of Collections of Receivables
processed for the Due Period with respect to the
current Distribution Date which were allocated in
respect of the Investor Certificates of all Series $2,303,550,148.05
b. The aggregate amount of Collections of Receivables
processed for the Due Period with respect to the
current Distribution Date which were allocated in
respect of the Series 1998-V Certificates $ 380,752,090.50
c. The aggregate amount of Collections of Receivables
processed for the Due Period with respect to the
current Distribution Date which were allocated in
respect of the Class A Certificates $ 333,158,079.15
d. The amount of Collections of Receivables processed
for the Due Period with respect to the current
Distribution Date which were allocated in respect
of the Class A Adjusted Certificates, per $1,000
interest $ 333.158
e. The amount of Excess Spread for the Due Period with
respect to the current Distribution Date $ 9,721,746.84
f. The amount of Reallocated Principal Collections for
the Due Period with respect to the current
Distribution Date allocated in respect of the
Class A Certificates $ 0.00
g. The amount of Excess Finance Charge Collections
allocated in respect of the Series 1998-V
Certificates, if any $ 0.00
Series 1998-V
h. The amount of Excess Principal Collections allocated
in respect of the Series 1998-V Certificates, if
any $ 0.00
2. Receivables in Trust
------------------------
a. Aggregate Principal Receivables for the Due Period
with respect to the current Distribution Date
(which reflects the Principal Receivables
represented by the Exchangeable Seller's
Certificate and by the Investor Certificates of
all Series) $14,948,586,259.11
b. The amount of Principal Receivables in the Trust
represented by the Series 1998-V Certificates (the
"Adjusted Invested Amount") for the Due Period with
respect to the current Distribution Date $ 1,142,857,143.00
c. The amount of Principal Receivables in the Trust
represented by the Class A Certificates (the
"Class A Adjusted Invested Amount") for the Due
Period with respect to the current Distribution
Date $ 1,000,000,000.00
d. The Invested Amount for the Due Period with respect
to the current Distribution Date $ 1,142,857,143.00
e. The Class A Invested Amount for the Due Period with
respect to the current Distribution Date $ 1,000,000,000.00
f. The Invested Percentage with respect to Finance
Charge Receivables (including Interchange) and
Defaulted Receivables for the Series 1998-V
Certificates for the Due Period with respect to
the current Distribution Date 7.645%
g. The Invested Percentage with respect to Principal
Receivables for the Series 1998-V Certificates for
the Due Period with respect to the current
Distribution Date 7.645%
h. The Class A Floating Percentage for the Due Period
with respect to the current Distribution Date 87.500%
i. The Class A Principal Percentage for the Due Period
with respect to the current Distribution Date 87.500%
j. The Collateral Floating Percentage for the Due Period
with respect to the current Distribution Date 12.500%
k. The Collateral Principal Percentage for the Due Period
with respect to the current Distribution Date 12.500%
3. Delinquent Balances
-----------------------
The aggregate amount of outstanding balances in the
Accounts which were 30 or more days delinquent as of
the end of the Due Period for the current
Distribution Date $ 710,517,966.74
Series 1998-V
4. Investor Default Amount
---------------------------
a. The aggregate amount of all Defaulted Receivables
written off as uncollectible during the Due Period
with respect to the current Distribution Date
allocable to the Series 1998-V Certificates (the
"Investor Default Amount")
1. Investor Default Amount $ 6,979,426.80
2. Recoveries $ 201,992.24
3. Net Default Receivables $ 6,777,434.56
b. The Class A Investor Default Amount
1. Investor Default Amount $ 6,106,998.45
2. Recoveries $ 176,743.21
3. Net Default Receivables $ 5,930,255.24
c. The Collateral Investor Default Amount
1. Investor Default Amount $ 872,428.35
2. Recoveries $ 25,249.03
3. Net Default Receivables $ 847,179.32
5. Investor Charge-offs.
------------------------
a. The amount of the Class A Adjusted Investor Charge-Offs
per $1,000 interest after reimbursement of any such
Class A Adjusted Investor Charge-Offs for the Due Period
with respect to the current Distribution Date $ 0.00
b. The amount attributable to Class A Adjusted Investor
Charge-Offs, if any, by which the principal balance
of the Class A Adjusted Certificates exceeds the Class
A Adjusted Invested Amount as of the end of the day on
the Record Date with respect to the current Distribution
Date $ 0.00
c. The amount of the Collateral Charge-Offs,if any, for
the Due Period with respect to the current Distribution
Date $ 0.00
6. Monthly Servicing Fee
-------------------------
a. The amount of the Monthly Servicing Fee payable from
available funds by the Trust to the Servicer with
respect to the current Distribution Date $ 238,095.24
b. The amount of the Interchange Monthly Servicing Fee
payable to the Servicer with respect to the current
Distribution Date $ 1,190,476.19
7. Available Cash Collateral Amount
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a. The amount, if any, withdrawn from the Cash Collateral
Account for the current Distribution Date (the
"Withdrawal Amount") $ 0.00
b. The amount available to be withdrawn from the Cash
Collateral Account as of the end of the day on the
current Distribution Date, after giving effect to all
withdrawals, deposits and payments to be made on such
Distribution Date (the "Available Cash Collateral
Amount" for the next Distribution Date) $11,428,572.00
Series: 1998-V
c. The amount as computed in 7.b as a percentage of
the Class A Adjusted Invested Amount after giving
effect to all reductions thereof on the current
Distribution Date 1.143%
8. Collateral Invested Amount
------------------------------
a. The Collateral Invested Amount for the current
Distribution Date $142,857,143.00
b. The Collateral Invested Amount after giving effect
to all withdrawals, deposits, and payments on the
current Distribution Date $142,857,143.00
9. Total Enhancement
---------------------
a. The total Enhancement for the current Distribution
Date $154,285,715.00
b. The total Enhancement after giving effect to all
withdrawals, deposits and payments on the current
Distribution Date $154,285,715.00
C. The Pool Factor
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The Pool Factor (which represents the ratio of the
Class A Adjusted Invested Amount on the last day of
the month ending on the Record Date adjusted for Class
A Adjusted Investor Charge-Offs set forth in B.5.a
above and for the distributions of principal set forth
in A.2 above to the Class A Adjusted Initial Invested
Amount). The amount of a Class A Adjusted
Certificateholder's pro rata share of the Class A
Adjusted Invested Amount can be determined by
multiplying the original denomination of the holder's
Class A Adjusted Certificate by the Pool Factor 100.00000000%
D. Principal Funding Account
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1. The Principal Funding Investment Proceeds deposited
in the Collection Account for the current
Distribution Date to be treated as Class A Available
Funds $ 0.00
2. The Excess Principal Funding Investment Proceeds for
the current Distribution Date $ 0.00
3. The Principal Funding Account Balance as of the end
of the day on the current Distribution Date $ 0.00
4. The Deficit Controlled Accumulation Amount for the
preceding Due Period $ 0.00
E. Reserve Account
- --------------------
1. The Reserve Draw Amount for the current Distribution
Date $ 0.00
2. The amount on deposit in the Reserve Account as of
the end of the day on the current Distribution Date
(the "Available Reserve Account Amount" for the next
Distribution Date) $ 0.00
CERTIFICATEHOLDER'S PAYMENT DATE STATEMENT
Signature Page
First USA Bank, National Association
as Servicer
By: /s/ Tracie Klein
---------------------------------------------
TRACIE KLEIN
Title: FIRST VICE PRESIDENT