EXHIBIT 99.4

                        Report of Management on Controls

The First National Bank of Atlanta (the "Company"), a wholly-owned subsidiary of
Wachovia Corporation, is responsible for establishing and maintaining effective
controls over the servicing of credit card accounts and preparation of monthly
servicer's certificates pursuant to the Wachovia Credit Card Master Trust (the
"Trust") Pooling and Servicing Agreement dated as of October 26, 1995 between
the Company and The Bank of New York (the "Agreement") and the Series 1995-1
Supplement to the Pooling and Servicing Agreement dated October 26, 1995 (the
"Supplement"). The controls are designed to provide reasonable assurance to the
Company's management and board of directors that credit card accounts are
serviced and monthly servicer's certificates are prepared in accordance with the
Agreement and Supplement.

There are inherent limitations in any control, including the possibility of
human error and the circumvention or overriding of the controls. Accordingly,
even effective controls can provide only reasonable assurance with respect to
the achievement of any objectives of controls. Further, because of changes in
conditions, the effectiveness of controls may vary over time.

The Company has determined that the objectives of controls with respect to the
servicing of credit card accounts and preparation of monthly servicer's
certificates pursuant to the Agreement and Supplement are to provide reasonable,
but not absolute, assurance that:

   o  The controls provide reasonable assurance that funds collected are
      remitted to The Bank of New York (the "Trustee") in accordance with the
      Agreement and Supplement.

   o  The controls provide reasonable assurance that Trust assets are segregated
      from those retained by the Company in accordance with the Agreement and
      Supplement.

   o  The controls provide reasonable assurance that expenses incurred by the
      Trust are calculated and remitted in accordance with the Agreement and
      Supplement.

   o  The controls provide reasonable assurance that monthly servicer's
      certificates provided to the Trustee are reviewed by the Vice President,
      or above, prior to distribution.

   o  The controls provide reasonable assurance that monthly servicer's
      certificates contain all required information in accordance with the
      Agreement and Supplement.

The Company has assessed its controls over the servicing of credit card accounts
and preparation of monthly servicer's certificates in relation to these
criteria. Based upon this assessment, the Company believes that, as of October
31, 1998, its controls are effective in providing reasonable assurance that
credit card accounts are serviced and monthly servicer's certificates are
prepared pursuant to the Agreement and Supplement.


                                             Charles Hegarty
                                             ----------------------------------
                                             Charles Hegarty
                                             President
                                             The First National Bank of Atlanta


                                             Cecile Bazaz
                                             ----------------------------------
                                             Cecile Bazaz
                                             Senior Vice President
                                             The First National Bank of Atlanta

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