EXHIBIT 99.5
Apr-2001 1995-C Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
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Beginning of the Month Principal Receivables: $3,277,529,803.74
Beginning of the Month Finance Charge Receivables: $168,936,873.89
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $3,446,466,677.63
Removed Principal Receivables: $0.00
Removed Finance Charge Receivables: $0.00
Removed Total Receivables: $0.00
Additional Principal Receivables: $0.00
Additional Finance Charge Receivables: $0.00
Additional Total Receivables: $0.00
Discounted Receivables Generated this Period: $0.00
End of the Month Principal Receivables: $3,208,790,692.40
End of the Month Finance Charge Receivables: $163,530,104.34
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $3,372,320,796.74
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master Trust II Series) $2,300,000,000.00
End of the Month Transferor Amount $908,790,692.40
End of the Month Transferor Percentage 28.32%
DELINQUENCIES AND LOSSES
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End of the Month Delinquencies:
30-59 Days Delinquent $71,956,107.91
60-89 Days Delinquent $53,449,480.03
90+ Days Delinquent $111,518,817.62
Total 30+ Days Delinquent $236,924,405.56
Delinquent Percentage 7.03%
Defaulted Accounts During the Month $24,148,077.78
Annualized Default Percentage 8.84%
Apr-2001 1995-C Page 2
Principal Collections $414,448,953.98
Principal Payment Rate 12.65%
Total Payment Rate 13.54%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $322,000,000.00
Class B Initial Invested Amount $28,000,000.00
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TOTAL INITIAL INVESTED AMOUNT $350,000,000.00
INVESTED AMOUNTS
Class A Invested Amount $368,000,000.00
Class B Invested Amount $32,000,000.00
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TOTAL INVESTED AMOUNT $400,000,000.00
FLOATING ALLOCATION PERCENTAGE 12.20%
PRINCIPAL ALLOCATION PERCENTAGE 12.20%
MONTHLY SERVICING FEE $500,000.00
INVESTOR DEFAULT AMOUNT $2,947,107.03
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $6,340,902.98
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $6,340,902.98
Class A Monthly Interest $1,565,967.78
Class A Servicing Fee $460,000.00
Class A Investor Default Amount $2,711,338.47
TOTAL CLASS A EXCESS SPREAD $1,603,596.73
REQUIRED AMOUNT $0.00
Apr-2001 1995-C Page 3
CLASS B AVAILABLE FUNDS
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CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $551,382.88
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $551,382.88
Class B Monthly Interest $139,393.33
Class B Servicing Fee $40,000.00
TOTAL CLASS B EXCESS SPREAD $371,989.55
EXCESS SPREAD
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TOTAL EXCESS SPREAD $1,975,586.28
Excess Spread Applied to Required Amount $0.00
Excess Spread Applied to Class A Investor Charge Offs $0.00
Excess Spread Applied to Class B Interest, Servicing Fee, and Default Amount $235,768.56
Excess Spread Applied to Class B Reductions of Class B Investe $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $25,444.51
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to other amounts owed to
Cash Collateral Depositor $144.01
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $1,714,229.20
Apr-2001 1995-C Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
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TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $9,684,699.31
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS
- -----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1995-C $0.00
Excess Finance Charge Collections applied to
Required Amount $0.00
Excess Finance Charge Collections applied to
Class A Investor Charge Offs $0.00
Excess Finance Charge Collections applied to
Class B Interest, Servicing Fee, and Default Items $0.00
Excess Finance Charge Collections applied to Reductions of
Class B Invested Amount $0.00
Excess Finance Charge Collections applied to
Monthly Cash Collateral Fee $0.00
Excess Finance Charge Collections applied to
Cash Collateral Account $0.00
Excess Finance Charge Collections applied to
Reserve Account $0.00
Excess Finance Charge Collections applied to
other amounts owed Cash Collateral Depositor $0.00
YIELD AND BASE RATE
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Base Rate (Current Month) 7.29%
Base Rate (Prior Month) 7.43%
Base Rate (Two Months Ago) 7.84%
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THREE MONTH AVERAGE BASE RATE 7.52%
Portfolio Yield (Current Month) 11.84%
Portfolio Yield (Prior Month) 13.09%
Portfolio Yield (Two Months Ago) 9.94%
------
THREE MONTH AVERAGE PORTFOLIO YIELD 11.62%
Apr-2001 1995-C Page 5
PRINCIPAL COLLECTIONS
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CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $46,534,196.23
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $4,046,451.86
TOTAL PRINCIPAL COLLECTIONS $50,580,648.09
INVESTOR DEFAULT AMOUNT $2,947,107.03
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES $0.00
CLASS A ACCUMULATION
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DISTRIBUTION AMOUNT $0.00
CLASS B ACCUMULATION
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DISTRIBUTION AMOUNT $0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR
PRINCIPAL SHARING $53,527,755.12
INVESTOR CHARGE OFFS
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CLASS A INVESTOR CHARGE OFFS $0.00
CLASS B INVESTOR CHARGE OFFS $0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $0.00
CASH COLLATERAL ACCOUNT
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Required Cash Collateral Amount $52,000,000.00
Available Cash Collateral Amount $52,000,000.00
Apr-2001 1995-C Page 6
INTEREST RATE CAP PAYMENTS
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Class A Interest Rate Cap Payments $0.00
Class B Interest Rate Cap Payments $0.00
TOTAL DRAW AMOUNT $0.00
CASH COLLATERAL ACCOUNT SURPLUS $0.00
First USA Bank, National Association
as Servicer
By: /s/ Tracie H. Klein
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Tracie H. Klein
First Vice President