EXHIBIT 99.4


                        Report of Independent Accountants
                       on Applying Agreed-Upon Procedures


The First National Bank of Atlanta
77 Reeds Way
New Castle Corporate Commons
New Castle, Delaware 19720

and

The Bank of New York
101 Barclay Street
Corporate Backed Asset Unit
New York, NY 10286

                 Wachovia Credit Card Master Trust Series 1999-2

We have performed the procedures enumerated below, which were agreed to by The
First National Bank of Atlanta (the "Company"), a wholly-owned subsidiary of
Wachovia Corporation and The Bank of New York, solely to assist you with respect
to the monthly servicer's certificates (the "certificates") prepared by the
Company during the period September 21, 1999 through October 31, 1999 pursuant
to subsection 3.6(b) of the Pooling and Servicing Agreement dated as of October
26, 1995 between The First National Bank of Atlanta and The Bank of New York,
Trustee of the Wachovia Credit Card Master Trust. This engagement to apply
agreed-upon procedures was performed in accordance with standards established by
the American Institute of Certified Public Accountants. The sufficiency of the
procedures is solely the responsibility of the specified users of the report.
Consequently, we make no representation regarding the sufficiency of the
procedures described below either for the purpose for which this report has been
requested or for any other purpose.

We performed the procedures enumerated in the letter dated November 8, 1999 to
the Company and Wachovia Bank, N.A., included as Attachment A to this letter, to
each certificate prepared by the Company pursuant to subsection 3.6(b) of the
Agreement for the period September 21, 1999 through October 31, 1999. As a
result of the procedures performed, we noted all amounts set forth in the
certificates agreed to recalculated amounts or were in agreement with the
corresponding amounts in the Company's servicing records.

We were not engaged to, and did not perform an audit, the objective of which
would be the expression of an opinion on the specified items included in the
certificates. Accordingly, we do not express such an opinion. Had we performed
additional procedures, other matters might have come to our attention that would
have been reported to you.

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This report is intended solely for the use of The First National Bank of Atlanta
and The Bank of New York and is not intended to be and should not be used by
anyone other than these specified parties.


                                                  Ernst & Young LLP



Winston-Salem, North Carolina
November 19, 1999




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