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                                                                    Exhibit 99.1
                          Annual Servicer's Certificate
        pursuant to Section 3.05 of the Transfer and Servicing Agreement
                                   relating to
                    Associates Credit Card Master Note Trust

         The undersigned, a duly authorized representative of Associates
National Bank (Delaware) ("ANB"), pursuant to the Transfer and Servicing
Agreement, dated as of April 1, 2000 (as amended and supplemented, the
"Agreement"), by and among Associates Credit Card Receivables Corp., as
Transferor, ANB and Associates Credit Card Master Note Trust, hereby certifies
that:

         1.       ANB is, as of the date hereof, the Servicer under the
                  Agreement. Capitalized terms used but not otherwise defined
                  herein shall have the meanings assigned to such terms in the
                  Agreement;

         2.       The undersigned is an Authorized Officer who is duly
                  authorized pursuant to the Agreement to execute and deliver
                  this Annual Servicer's Certificate to the Trust;

         3.       A review of the activities of the Servicer during the year
                  ended December 31, 2000, and of its performance under the
                  Agreement was conducted under my supervision;

         4.       Based on such review, the Servicer has, to the best of my
                  knowledge, performed in all material respects its obligations
                  under the Agreement throughout such year and no default in the
                  performance of such obligations has occurred or is continuing
                  except as set forth in paragraph 5 below; and

         5.       The following is a description of each default in the
                  performance of the Servicer's obligations under the provisions
                  of the Agreement known to me to have been made by the Servicer
                  during the year ended December 31, 2000, which sets forth in
                  detail (i) the nature of each such default, (ii) the action
                  taken by the Servicer, if any, to remedy each such default and
                  (iii) the current status of each such default: None.

         IN WITNESS WHEREOF, the undersigned has duly executed this Certificate
this 30th day of March, 2001.

                                                   ASSOCIATES NATIONAL BANK
                                                   (DELAWARE)


                                                   By:  /s/ CHERYL K. DEBARO
                                                        ------------------------
                                                        Cheryl K. Debaro
                                                        Authorized Officer