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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K
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[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 For the Fiscal Year Ended December 31, 2001

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

Commission file number 0-16337

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FIRST USA BANK, NATIONAL ASSOCIATION
(Exact name of Registrant as specified in its charter)
(As Servicer on behalf of First Chicago Master Trust II)

Laws of the United States 51-0269396
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

201 North Walnut Street 19801
Wilmington, Delaware (Zip Code)
(Address of principal executive offices)

Registrant's telephone number, including area code: (302) 594-4000

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act:
Floating Rate Credit Card Certificates, Series 1995-M
Floating Rate Credit Card Certificates, Series 1995-O
Floating Rate Asset Backed Certificates, Series 1996-Q
Floating Rate Asset Backed Certificates, Series 1996-S
Floating Rate Asset Backed Certificates, Series 1997-U
Floating Rate Asset Backed Certificates, Series 1999-W
Floating Rate Asset Backed Certificates, Series 1999-X
Floating Rate Asset Backed Certificates, Series 1999-Y

Indicate by check mark whether the Registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES [X] NO [_]

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.

Not Applicable.

State the aggregate market value of the voting stock held by non-affiliates
of the Registrant. The aggregate market value shall be computed by reference to
the price at which the stock was sold, or the average bid and asked prices of
such stock, as of a specified date within 60 days prior to the date of filing.

Not Applicable.

Indicate the number shares outstanding of each of the Registrant's class of
common stock, as of the latest practicable date.

Not Applicable.

DOCUMENTS INCORPORATED BY REFERENCE: NONE
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FIRST USA BANK, N.A.
FIRST CHICAGO MASTER TRUST II
2001 FORM 10-K ANNUAL REPORT
TABLE OF CONTENTS

PAGE
----

Introductory Note .................................................................... 3

PART I
PAGE
----
ITEM 1. Business .................................................................... 3
ITEM 2. Properties .................................................................. 3
ITEM 3. Legal Proceedings ........................................................... 3
ITEM 4. Submission of Matters to a Vote of Security Holders ......................... 3

PART II

ITEM 5. Market for Registrant's Common Equity and Related Stockholder Matters ....... 4
ITEM 6. Selected Financial Data ..................................................... 4
ITEM 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations ................................................. 4
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk .................. 4
ITEM 8. Financial Statements and Supplementary Data ................................. 4
ITEM 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure .................................................. 4

PART III

ITEM 10. Directors and Executive Officers of the Registrant .......................... 4
ITEM 11. Executive Compensation ...................................................... 4
ITEM 12. Security Ownership of Certain Beneficial Owners and Management .............. 5
ITEM 13. Certain Relationships and Related Transactions .............................. 10

PART IV

ITEM 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K ............. 11

SIGNATURES

Signatures ........................................................................... 12

Introductory Note
-----------------

First USA Bank, National Association, a national banking association organized
under the laws of the United States (the "Bank"), is the Seller and Servicer
under the Amended and Restated Pooling and Servicing Agreement (the "Agreement")
dated as of June 1, 1990 and as amended and restated as of September 1, 1999
between the Bank, as the Seller and Servicer, and Wells Fargo Bank Minnesota,
N.A., as the Trustee (the "Trustee"), relating to the First Chicago Master Trust
II (the "Master Trust II"), and the Supplements for all series of Investor
Certificates issued thereunder.

The final payment with respect to Floating Rate Asset Backed Certificates,
Series 1998-V was made on October 15, 2001; and therefore, information with
respect to such Certificates is only included in Item 14(a)3, which contains
Supplementary Master Trust II Data relating to the performance of Master Trust
II for the year ended December 31, 2001.

PART I

ITEM 1. BUSINESS

Not applicable.

ITEM 2. PROPERTIES

The information set forth in the Current Reports on Form 8-K dated October 15,
2001, November 15, 2001, and December 17, 2001, as filed by the Registrant with
respect to the Master Trust II, is incorporated herein by reference. (Certain
terms used but not defined in this Form 10-K Annual Report have the meanings
assigned, respectively, in the Agreement, filed as Exhibits 4.1, 4.7, 4.9, 4.11,
4.12, 4.13, 4.14, 4.15, 4.16, 4.17, 4.19, 4.20, 4.21, 4.22, 4.23, 4.24, 4.27,
and 4.28 to the Registrant's Form S-3 Registration Statement No. 333-49625.)

ITEM 3. LEGAL PROCEEDINGS

There are no material pending legal proceedings with respect to the Master Trust
II, involving the Master Trust II, the Trustee or the Registrant. The Bank is a
defendant in various lawsuits, including lawsuits seeking class action
certification in both state and federal courts. These lawsuits challenge certain
policies and practices of the Bank's credit card business. A few of these
lawsuits have been conditionally certified as class actions. The Bank has
defended itself against claims in the past and intends to continue to do so in
the future. While it is impossible to predict the outcome of any of these
lawsuits, the Bank believes that any liability which might result from these
lawsuits will not have a material adverse effect on the Master Trust II.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS

Master Trust II

(i) There is no established public trading market for the
Certificates.

(ii) Since each of the Certificates was issued in book entry form
only, there is only one holder of record of each Series of
Certificates.

(iii) Not applicable.

ITEM 6. SELECTED FINANCIAL DATA

Not applicable.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

Not applicable.

ITEM 7A. QUANTATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

See (i) the Annual Servicer's Certificate respecting compliance for the Master
Trust II filed as Exhibit 1 under Item 14(a) hereof, (ii) the Annual Independent
Public Accountant's Report and Management's Assertion regarding compliance filed
as Exhibit 2 under Item 14(a) hereof, and (iii) the Supplementary Master Trust
II Data relating to the performance of Master Trust II filed as Exhibit 3 under
Item 14(a) hereof.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

None.

PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Not applicable.

ITEM 11. EXECUTIVE COMPENSATION

Not applicable.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

(a) With respect to each series of Certificates, The Depository Trust Company
("DTC"), through its nominee Cede & Co., is the sole holder of record of more
than five percent (5%) of the Certificates. The following sets forth certain
information believed by the Registrant to be accurate based on information
provided by DTC concerning the beneficial ownership of Certificates. Number of
Certificates identifies the number of $1,000 minimum denomination Certificates
beneficially owned by each such investor.

Beneficial owners of more than 5% of the Floating Rate Credit Card Certificates,
Series 1995-M as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Goldman, Sachs & Co. 32,825 6.57%
180 Maiden Lane
New York, NY 10038

HSBC Bank USA/Treasury Investment 55,300 11.06%
140 Broadway-Level A
New York, NY 10015

JPMorgan Chase Bank 126,490 25.30%
c/o JP Morgan Investor Services
14201 Dallas Parkway 12th Floor
Mail Code 121
Dallas, TX 75240

Mizuho Trust & Banking Co. (USA) 40,000 8.00%
666 Fifth Avenue, Suite 802
New York, NY 10103

Northern Trust Company (The) 35,000 7.00%
801 S. Canal C-IN
Chicago, IL 60607

Prudential Securities Custody 80,200 16.04%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717

State Street Bank and Trust Company 31,500 6.30%
1776 Heritage Dr.
Global Corporate Action Unit JAB 5NW
No. Quincy, MA 02171

UBS Warburg LLC/CMO 37,125 7.43%
1000 Harbor Boulevard
Weekhawken, NJ 07087

- ------------------------------------------------------

Beneficial owners of more than 5% of the Floating Rate Credit Card Certificates,
Series 1995-O as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Bankers Trust Company 37,170 7.43%
648 Grassmere Park Road
Nashville, TN 37211

Boston Safe Deposit and Trust Co. 25,550 5.11%
c/o Mellon Bank, N.A.
Three Mellon Bank Center, Rm 153-3015
Pittsburgh, PA 15259

JPMorgan Chase Bank 185,485 37.10%
c/o JP Morgan Investor Services
14201 Dallas Parkway 12th Floor
Mail Code 121
Dallas, TX 75240

Mizuho Trust & Banking Co. (USA) 25,000 5.00%
666 Fifth Avenue, Suite 802
New York, NY 10103

Prudential Securities Custody 87,000 17.40%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717

State Street Bank and Trust Company 87,630 17.53%
1776 Heritage Dr.
Global Corp. Action Unit JAB 5NW
No. Quincy, MA 02171

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Beneficial owners of more than 5% of the Floating Rate Asset Backed
Certificates, Series 1996-Q as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Bank of New York (The) 96,810 10.76%
925 Patterson Plank Road
Secaucus, NJ 07094

Deutsche Bank A. G., 50,000 5.56%
New York Branch
34 Exchange Pl
Jersey City, NJ 07311

HSBC Bank USA/Treasury Investment 71,200 7.91%
140 Broadway-Level A
New York, NY 10015

JPMorgan Chase Bank 127,835 14.20%
c/o JP Morgan Investor Services
14201 Dallas Parkway 12th Floor
Mail Code 121
Dallas, TX 75240

Northern Trust Company (The) 181,780 20.20%
801 S. Canal C-IN
Chicago, IL 60607

Prudential Securities Custody 96,500 10.72%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717

State Street Bank and Trust Company 163,310 18.15%
1776 Heritage Dr.
Global Corp. Action Unit JAB 5NW
No. Quincy, MA 02171

- -------------------------------------

Beneficial owners of more than 5% of the Floating Rate Asset Backed
Certificates, Series 1996-S as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Bank of New York (The) 82,945 11.85%
925 Patterson Plank Road
Secaucus, NJ 07094

Boston Safe Deposit and Trust Company 120,890 17.27%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259

Citibank, N.A. 62,390 8.91%
3800 Citicorp Center Tampa
Building B/Floor 1
Tampa, FL 33610-9122

JPMorgan Chase Bank 183,910 26.27%
c/o JP Morgan Investor Services
14201 Dallas Parkway 12th Floor
Mail Code 121
Dallas, TX 75240

State Street Bank and Trust Company 189,300 27.04%
1776 Heritage Dr.
Global Corp. Action Unit JAB 5NW
No. Quincy, MA 02171

- ------------------------------------

Beneficial owners of more than 5% of the Floating Rate Asset Backed
Certificates, Series 1997-U as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Boston Safe Deposit and Trust Co. 100,000 25.00%
c/o Mellon Bank, N.A.
Three Mellon Bank Center, Rm 153-3015
Pittsburgh, PA 15259

Citibank, N.A. 70,565 17.64%
Building B/Floor 1
3800 Citicorp Center Tampa
Tampa, FL 33610-9122

JPMorgan Chase Bank 109,635 27.41%
c/o JP Morgan Investor Services
14201 Dallas Parkway 12th Floor
Mail Code 121
Dallas, TX 75240

State Street Bank and Trust Company 42,000 10.50%
1776 Heritage Dr.
Global Corp. Action Unit JAB 5NW
No. Quincy, MA 02171

Wells Fargo Bank Minnesota, N.A. 50,000 12.50%
733 Marquette Avenue
Minneapolis, MN 55479

- ------------------------------------

Beneficial owners of more than 5% of the Floating Rate Asset Backed
Certificates, Series 1999-W as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Bank of New York (The) 39,790 5.31%
925 Patterson Plank Road
Secaucus, NJ 07094

Citibank, N.A. 76,515 10.20%
3800 Citicorp Center Tampa
Building B/Floor 1
Tampa, FL 33610-9122

JPMorgan Chase Bank 188,960 25.19%
c/o JP Morgan Investor Services
14201 Dallas Parkway 12th Floor
Mail Code 121
Dallas, TX 75240

Northern Trust Company (The) 109,470 14.60%
801 S. Canal C-IN
Chicago, IL 60607

Prudential Securities Custody 49,610 6.61%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717

State Street Bank and Trust Company 186,245 24.83%
1776 Heritage Dr.
Global Corp. Action Unit JAB 5NW
No. Quincy, MA 02171

- -----------------------------------

Beneficial owners of more than 5% of the Floating Rate Asset Backed
Certificates, Series 1999-X as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Bank of New York (The) 65,750 8.77%
925 Patterson Plank Road
Secaucus, NJ 07094

Citibank, N.A. 40,000 5.33%
3800 Citicorp Center Tampa
Building B/Floor 1
Tampa, FL 33610-9122

Prudential Securities Custody 189,390 25.25%
c/o ADP Proxy Services
51 Mercedes Way
Edgewood, NY 11717

State Street Bank and Trust Company 441,860 58.91%
1776 Heritage Dr.
Global Corp. Action Unit JAB 5NW
No. Quincy, MA 02171

- -----------------------------------

Beneficial owners of more than 5% of the Floating Rate Asset Backed
Certificates, Series 1999-Y as of December 31, 2001, are as follows:

NUMBER OF % OF
CERTIFICATES OWNERSHIP
------------ ---------

Bankers Trust Company 47,450 8.63%
648 Grassmere Park Road
Nashville, TN 37211

Boston Safe Deposit and Trust Company 45,920 8.35%
c/o Mellon Bank N.A.
Three Mellon Bank Center
Room 153-3015
Pittsburgh, PA 15259

Citibank, N.A. 102,700 18.67%
3800 Citicorp Center Tampa
Building B/Floor 1
Tampa, FL 33610-9122

JPMorgan Chase Bank 33,800 6.15%
c/o JP Morgan Investor Services
14201 Dallas Parkway 12th Floor
Mail Code 121
Dallas, TX 75240

State Street Bank and Trust Company 290,380 52.80%
1776 Heritage Dr.
Global Corp. Action Unit JAB 5NW
No. Quincy, MA 02171

- -----------------------------------
(b) Not applicable.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None.

PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

(a) 1. Annual Servicer's Certificate respecting compliance for
Master Trust II dated March 20, 2002.

2. Annual Independent Public Accountant's Report dated February
15, 2002 and Management's Assertion regarding compliance.

3. Supplementary Master Trust II Data relating to the
performance of Master Trust II.

(b) See Item 2.

(d) Not applicable. No annual report or proxy material has been sent
to security holders.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on March 20, 2002.

FIRST USA BANK, NATIONAL ASSOCIATION
as Servicer

By: /s/ Daniel J. Frate
--------------------------------
Daniel J. Frate
President

Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities indicated on March 20, 2002.

Signature Title
--------- -----

/s/ Philip Heasley Director and Principal Executive Officer
-----------------------------
Philip Heasley

/s/ Raymond Fischer Director, Principal Financial Officer and
----------------------------- Principal Accounting Officer
Raymond Fischer

/s/ Daniel J. Frate Director
-----------------------------
Daniel J. Frate

/s/ Michael Looney Director
-----------------------------
Michael Looney

/s/ M. Carter Warren Director
-----------------------------
M. Carter Warren

/s/ William Garner Director
-----------------------------
William Garner