1
EXHIBIT 99(A)
DISCOVER CARD MASTER TRUST
Series 1993-1
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of October 27, 1993, for Series
1993-1, and relating to the Pooling and Servicing Agreement dated as of
October 1, 1993, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------
$44,032,963.36 $44,032,963.36 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------
$58.71061781 $58.71061781 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------
$2,537,268.96 $2,537,268.96 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------
$52.99999916 $52.99999916 $0.00000000
2
Series 1993-1
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $139,191,712.73
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $1,188,659,153.38
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $8,852,638.25
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $75,604,098.58
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
3
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$15,000,000.00 $957,459.96
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$19,946,825.00 $15,957,460.00
4
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
2.50% 33.33%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
5
DISCOVER CARD MASTER TRUST
Series 1993-2
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of December 1, 1993, for Series
1993-2, and relating to the Pooling and Servicing Agreement dated as of
November 1, 1993, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
-----------------------------------------------
$43,200,000.00 $43,200,000.00 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
-----------------------------------------------
$54.00000000 $54.00000000 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
-----------------------------------------------
$1,916,705.04 $1,916,705.04 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
-----------------------------------------------
$57.50000120 $57.50000120 $0.00000000
6
Series 1993-2
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $148,461,428.40
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $1,267,785,163.50
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $6,197,637.17
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $52,926,255.62
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
7
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$15,999,999.96 $666,680.04
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$20,833,350.00 $8,333,340.00
8
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
2.50% 25.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
9
DISCOVER CARD MASTER TRUST
Series 1993-3
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report - 1996
Pursuant to the Series Supplement dated as of November 23, 1993, for Series
1993-3, and relating to the Pooling and Servicing Agreement dated as of
November 1, 1993, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$21,699,999.96 $21,699,999.96 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$61.99999989 $61.99999989 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$1,063,798.56 $1,063,798.56 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$64.50000364 $64.50000364 $0.00000000
10
Series 1993-3
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $64,943,666.32
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $554,603,833.40
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $3,045,817.75
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $26,043,237.09
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
11
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$6,999,999.96 $329,859.96
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$9,162,325.00 $5,497,395.00
12
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
2.50% 33.33%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
13
DISCOVER CARD MASTER TRUST
Series 1994-1
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report-1996
Pursuant to the Series Supplement dated as of August 24, 1994, for Series
1994-1, and relating to the Pooling and Servicing Agreement dated as of August
1, 1994, as amended (the "Agreement") by and between Greenwood Trust Company
(the "Servicer"), and First Bank National Association (successor trustee to
Bank of America Illinois, formerly Continental Bank, National Association), as
Trustee, the Servicer is required to prepare certain information each month
regarding current distributions to Investor Certificateholders and the
performance of the Trust during the previous month. For purposes of filing
Form 10-K, certain information is required to be prepared with respect to such
Distribution Dates occurring during the calendar year 1996. The information
which is required to be prepared with respect to such Distribution Dates
related to the year mentioned above is set forth below. Certain of the
information is presented on the basis of an original principal amount of $1000
per Investor Certificate. Certain other information is presented based upon
the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$16,749,999.96 $16,749,999.96 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$66.99999984 $66.99999984 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$907,902.00 $907,902.00 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$69.00000000 $69.00000000 $0.00000000
14
Series 1994-1
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $46,407,512.48
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $396,292,473.60
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $2,381,565.68
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $20,338,070.87
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
15
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$5,000,000.04 $263,160.00
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $9,210,530.00
16
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 70.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the Investor
Interest as of the end of the day on December 31, 1996, to the amount of the
Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
17
DISCOVER CARD MASTER TRUST
Series 1994-2
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of October 14, 1994, for Series
1994-2, and relating to the Pooling and Servicing Agreement dated as of
October 1, 1994, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$50,597,247.33 $50,597,247.33 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$59.52617333 $59.52617333 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$3,601,328.52 $3,601,328.52 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$80.50000045 $80.50000045 0.00000000
18
Series 1994-2
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $157,746,926.78
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $1,347,101,607.66
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $8,323,668.38
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $71,053,886.59
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- --------
$0.00 $0.00
19
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$17,000,000.04 $894,740.04
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $44,736,850.00
20
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 100.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
21
DISCOVER CARD MASTER TRUST
Series 1994-3
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of October 20, 1994, for Series
1994-3, and relating to the Pooling and Servicing Agreement dated as of
October 1, 1994, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$43,421,296.67 $43,421,296.67 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$57.89506223 $57.89506223 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$3,059,235.00 $3,059,235.00 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$77.50000000 $77.50000000 $0.00000000
22
Series 1994-3
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $139,191,712.73
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $1,188,659,153.38
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $7,297,887.09
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $62,324,420.63
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
23
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$15,000,000.00 $789,480.00
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $39,473,700.00
24
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 100.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996,
to the amount of the Investor Interest as of the Closing Date. The
amount of a Certificateholder's pro-rata share of the Investor Interest
can be determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
25
DISCOVER CARD MASTER TRUST
Series 1995-1
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of April 19, 1995, for Series
1995-1, and relating to the Pooling and Servicing Agreement dated as of April
1, 1995, as amended (the "Agreement") by and between Greenwood Trust Company
(the "Servicer"), and First Bank National Association (successor trustee to
Bank of America Illinois, formerly Continental Bank, National Association), as
Trustee, the Servicer is required to prepare certain information each month
regarding current distributions to Investor Certificateholders and the
performance of the Trust during the previous month. For purposes of filing
Form 10-K, certain information is required to be prepared with respect to such
Distribution Dates occurring during the calendar year 1996. The information
which is required to be prepared with respect to such Distribution Dates
related to the year mentioned above is set forth below. Certain of the
information is presented on the basis of an original principal amount of $1000
per Investor Certificate. Certain other information is presented based upon
the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$35,287,537.35 $35,287,537.35 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$58.81256225 $58.81256225 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$1,911,970.08 $1,911,970.08 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$60.54561829 $60.54561829 $0.00000000
26
Series 1995-1
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $111,374,159.44
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $951,091,119.37
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $5,848,811.93
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $49,930,236.14
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
27
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$12,000,000.00 $631,580.04
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $37,894,740.00
28
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 120.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
29
DISCOVER CARD MASTER TRUST
Series 1995-2
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of August 1, 1995, for Series
1995-2, and relating to the Pooling and Servicing Agreement dated as of August
1, 1995, as amended (the "Agreement") by and between Greenwood Trust Company
(the "Servicer"), and First Bank National Association (successor trustee to
Bank of America Illinois, formerly Continental Bank, National Association), as
Trustee, the Servicer is required to prepare certain information each month
regarding current distributions to Investor Certificateholders and the
performance of the Trust during the previous month. For purposes of filing
Form 10-K, certain information is required to be prepared with respect to such
Distribution Dates occurring during the calendar year 1996. The information
which is required to be prepared with respect to such Distribution Dates
related to the year mentioned above is set forth below. Certain of the
information is presented on the basis of an original principal amount of $1000
per Investor Certificate. Certain other information is presented based upon
the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$34,023,611.15 $34,023,611.15 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$68.04722230 $68.04722230 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$1,845,409.50 $1,845,409.50 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$70.12500000 $70.12500000 $0.00000000
30
Series 1995-2
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $92,762,229.47
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $792,166,656.38
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $4,896,327.73
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $41,833,844.76
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. 382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
31
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$9,999,999.96 $526,320.00
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $15,789,480.00
32
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 60.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
33
DISCOVER CARD MASTER TRUST
Series 1995-3
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of September 28, 1995, for Series
1995-3, and relating to the Pooling and Servicing Agreement dated as of
September 1, 1995 as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$29,049,475.57 $29,049,475.57 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$58.09895114 $58.09895114 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$1,561,125.26 $1,561,125.26 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$59.32228530 $59.32228530 $0.00000000
34
Series 1995-3
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $92,762,229.47
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $792,166,656.38
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $4,896,327.73
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $41,833,844.76
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
35
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$9,999,999.96 $526,320.00
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $31,578,960.00
36
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 120.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
37
DISCOVER CARD MASTER TRUST
Series 1996-1
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of January 18, 1996, for Series
1996-1, and relating to the Pooling and Servicing Agreement dated as of
January 1, 1996, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
-----------------------------------------------
$51,940,340.00 $51,940,340.00 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
-----------------------------------------------
$51.94034000 $51.94034000 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
-----------------------------------------------
$2,797,013.95 $2,797,013.95 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
-----------------------------------------------
$53.14283991 $53.14283991 $0.00000000
38
Series 1996-1
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $170,739,261.60
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $1,447,738,505.38
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $8,992,030.95
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $76,259,083.12
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
39
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$18,333,333.37 $964,920.00
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $57,894,760.00
40
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 110.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
41
DISCOVER CARD MASTER TRUST
Series 1996-2
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of January 29, 1996, for Series
1996-2, and relating to the Pooling and Servicing Agreement dated as of
January 1, 1996, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$45,528,618.50 $45,528,618.50 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$50.58735389 $50.58735389 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
------------------------------------------------
$2,455,588.88 $2,455,588.88 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
------------------------------------------------
$51.83957609 $51.83957609 $0.00000000
42
Series 1996-2
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $153,701,061.24
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $1,303,308,190.84
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $8,141,430.32
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $69,038,076.67
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
43
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$16,500,000.00 $868,431.63
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $56,842,140.00
44
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 120.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
45
DISCOVER CARD MASTER TRUST
Series 1996-3
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of February 21, 1996, for Series
1996-3, and relating to the Pooling and Servicing Agreement dated as of
February 1, 1996, as amended (the "Agreement") by and between Greenwood Trust
Company (the "Servicer"), and First Bank National Association (successor
trustee to Bank of America Illinois, formerly Continental Bank, National
Association), as Trustee, the Servicer is required to prepare certain
information each month regarding current distributions to Investor
Certificateholders and the performance of the Trust during the previous month.
For purposes of filing Form 10-K, certain information is required to be
prepared with respect to such Distribution Dates occurring during the calendar
year 1996. The information which is required to be prepared with respect to
such Distribution Dates related to the year mentioned above is set forth
below. Certain of the information is presented on the basis of an original
principal amount of $1000 per Investor Certificate. Certain other information
is presented based upon the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
----------------------------------------------
$17,545,000.00 $17,545,000.00 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
----------------------------------------------
$29.24166667 $29.24166667 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
----------------------------------------------
$953,948.97 $953,948.97 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
----------------------------------------------
$30.20833370 $30.20833370 $0.00000000
46
Series 1996-3
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $94,156,004.44
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $772,637,108.26
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $4,954,143.65
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $40,660,904.80
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
47
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$10,000,000.00 $526,316.70
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $18,947,370.00
48
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 60.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000
49
DISCOVER CARD MASTER TRUST
Series 1996-4
Credit Card Pass - Through Certificates
Distribution and Performance
Annual Aggregate Report -1996
Pursuant to the Series Supplement dated as of April 30, 1996, for Series
1996-4, and relating to the Pooling and Servicing Agreement dated as of April
1, 1996, as amended (the "Agreement") by and between Greenwood Trust Company
(the "Servicer"), and First Bank National Association (successor trustee to
Bank of America Illinois, formerly Continental Bank, National Association), as
Trustee, the Servicer is required to prepare certain information each month
regarding current distributions to Investor Certificateholders and the
performance of the Trust during the previous month. For purposes of filing
Form 10-K, certain information is required to be prepared with respect to such
Distribution Dates occurring during the calendar year 1996. The information
which is required to be prepared with respect to such Distribution Dates
related to the year mentioned above is set forth below. Certain of the
information is presented on the basis of an original principal amount of $1000
per Investor Certificate. Certain other information is presented based upon
the aggregate amounts for the Trust as a whole.
A. Information Regarding the Aggregate Distributions for 1996
1. Class A Certificates
(a) The amount of distribution to Class A
Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$37,161,349.71 $37,161,349.71 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$37.16134971 $37.16134971 $0.00000000
2. Class B Certificates
(a) The amount of distribution to Class
B Certificateholders on the related Distribution
Dates.
Total Interest Principal
--------------------------------------------------
$2,014,721.65 $2,014,721.65 $0.00
(b) The amount of the distribution set forth in
paragraph (a) above, per $1,000 interest.
Total Interest Principal
--------------------------------------------------
$38.27940511 $38.27940511 $0.00000000
50
Series 1996-4
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
(a) The aggregate amount of Finance Charge Collections
processed during the related Due Periods. $2,400,005,663.82
(b) The aggregate amount of Principal Collections
processed during the related Due Periods. $20,346,843,402.67
(c) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $126,084,417.81
(d) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class A Certificates. $1,022,850,096.92
(e) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $6,637,967.20
(f) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Class B Certificates. $53,867,284.09
(g) The aggregate amount of Finance Charge Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $382,528,068.85
(h) The aggregate amount of Principal Collections
processed during the related Due Periods which was
allocated in respect of the Seller Certificate. $3,278,960,302.72
2. Investor Losses: Reimbursement of Charge-Offs
(a) The aggregate amount of Class A and Class B
Investor Losses, as defined in the Agreement,
during the related Due Periods.
Class A Class B
------- -------
$0.00 $0.00
51
(b) The amount of Class A and Class B Investor Losses
set forth in paragraph (a) above, per $1,000 interest
Class A Class B
------- -------
0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the
current year pursuant to the Agreement, if any,
in respect of Class A and Class B Investor Losses
Class A Class B
------- -------
$0.00 $0.00
(d) The amount set forth in paragraph (c)above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A
and Class B Investor Losses in the Trust as of the
end of the calendar year 1996.
Class A Class B
------- -------
$0.00 $0.00
(f) The amount set forth in paragraph (e) above, per
$1,000 interest.
Class A Class B
------- -------
0.00000000 0.00000000
3. Investor Servicing Fee
(a) The amount of Class A and Class B Monthly
Servicing Fee payable by the Trust to the Servicer
for the year ended December 31, 1996.
Class A Class B
------- -------
$13,333,333.36 $701,760.00
4. Available Credit Enhancement Amount
(a) The Amount available to be drawn from both the shared
and Class B portion of the Credit Enhancement in
accordance with the Pooling and Servicing Agreement and
its respective Series Supplement as of the end of the
day on December 31, 1996.
Shared Amount Class B Amount
------------- --------------
$0.00 $63,157,920.00
52
(b) The amount set forth in paragraph (a) above as a
percentage of the Series Invested amount and the
Class B Interest.
Shared Amount Class B Amount
------------- --------------
0.00% 120.00%
5. The Pool Factor
The Pool Factor represents the ratio of the amount of the
Investor Interest as of the end of the day on December 31, 1996, to the
amount of the Investor Interest as of the Closing Date. The amount of a
Certificateholder's pro-rata share of the Investor Interest can be
determined by multiplying the original denomination of the
Certificateholder's Certificate by the Pool Factor.
(a) Class A and Class B Certificates.
Class A Class B
------- -------
1.00000000 1.00000000