Exhibit 28F
CERTIFICATEHOLDER'S PAYMENT DATE STATEMENT
First USA Bank, National Association
FIRST CHICAGO MASTER TRUST II
Series 1997-U
July 10, 2002
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of June 1, 1990 as amended and restated as of
September 1, 1999, by and between First USA Bank, National Association,, as
Seller and Servicer ("First USA"), and Norwest Bank Minnesota, National
Association, as Trustee, (the "Trustee"), as amended and supplemented by
the Series 1997-U Supplement dated as of October 1, 1997 by and between
First USA and the Trustee, First USA, as Servicer, is required to prepare
certain information for each Payment Date regarding current distributions
to Class A Certificateholders and the performance of the First Chicago
Master Trust II (the "Trust") during the previous period. The information
which is required to be prepared with respect to the distribution on the
July 15, 2002 Payment Date and with respect to the performance of the Trust
during the Due Period for such Payment Date is set forth below. Certain of
the information is presented on the aggregate amounts for the Trust as a
whole. All capitalized terms used herein shall have the respective meanings
set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Distribution (Stated on the Basis of
$1,000 Original Principal Amount)
1. The total amount of the distribution to Class A Adjusted
Certificateholders on the Payment Date per $1,000 interest. $1.521
2. The amount of the distribution set forth in paragraph 1
above in respect of principal on the Class A Adjusted
Certificates, per $1,000 interest $0.000
3. The amount of the distribution set forth in paragraph 1
above in respect of interest on the Class A Adjusted
Certificates, per $1,000 interest $1.521
B. Information Regarding the Performance of the Trust
1. Collections of Receivables
-------------------------------
a. The aggregate amount of Collections of Receivables processed
for the Due Period with respect to the current Distribution
Date which were allocated in respect of the Investor
Certificates of all Series $1,258,578,450.11
b. The aggregate amount of Collections of Receivables processed
for the Due Period with respect to the current Distribution
Date which were allocated in respect of the Series 1997-U
Certificates $149,353,110.02
c. The aggregate amount of Collections of Receivables processed
for the Due Period with respect to the current Distribution
Date which were allocated in respect of the Class A
Certificates $130,683,971.01
d. The amount of Collections of Receivables processed for the
Due Period with respect to the current Distribution Date
which were allocated in respect of the Class A Adjusted
Certificates, per $1,000 interest $326.710
e. The amount of Excess Spread for the Due Period with respect
to the current Distribution Date $4,654,476.69
f. The amount of Reallocated Principal Collections for the Due
Period with respect to the current Distribution Date
allocated in respect of the Class A Certificates $0.00
g. The amount of Excess Finance Charge Collections allocated in
respect of the Series 1997-U Certificates, if any $0.00
Series 1997-U
h. The amount of Excess Principal Collections allocated in respect
of the Series 1997-U Certificates, if any $0.00
2. Receivables in Trust
-------------------------
a. Aggregate Principal Receivables for the Due Period with respect
to the current Distribution Date (which reflects the Principal
Receivables represented by the Exchangeable Seller's Certificate
and by the Investor Certificates of all Series) $13,325,948,054.32
b. The amount of Principal Receivables in the Trust represented by
the Series 1997-U Certificates (the "Adjusted Invested Amount")
for the Due Period with respect to the current Distribution Date $457,142,858.00
c. The amount of Principal Receivables in the Trust represented by
the Class A Certificates (the "Class A Adjusted Invested Amount")
for the Due Period with respect to the current Distribution Date $400,000,000.00
d. The Invested Amount for the Due Period with respect to the
current Distribution Date $457,142,858.00
e. The Class A Invested Amount for the Due Period with respect to
the current Distribution Date $400,000,000.00
f. The Invested Percentage with respect to Finance Charge
Receivables (including Interchange) and Defaulted Receivables for
the Series 1997-U Certificates for the Due Period with respect to
the current Distribution Date 3.430%
g. The Invested Percentage with respect to Principal Receivables for
the Series 1997-U Certificates for the Due Period with respect to
the current Distribution Date 3.430%
h. The Class A Floating Percentage for the Due Period with respect
to the current Distribution Date 87.500%
i. The Class A Principal Percentage for the Due Period with respect
to the current Distribution Date 87.500%
j. The Collateral Floating Percentage for the Due Period with
respect to the current Distribution Date 12.500%
k. The Collateral Principal Percentage for the Due Period with
respect to the current Distribution Date 12.500%
3. Delinquent Balances
------------------------
The aggregate amount of outstanding balances in the Accounts
which were 30 or more days delinquent as of the end of the Due
Period for the current Distribution Date $480,799,150.76
Series 1997-U
4. Investor Default Amount
---------------------------
a. The aggregate amount of all Defaulted Receivables written off as
uncollectible during the Due Period with respect to the current
Distribution Date allocable to the Series 1997-U Certificates
(the "Investor Default Amount")
1. Investor Default Amount $2,338,866.32
2. Recoveries $148,168.46
3. Net Default Receivables $2,190,697.86
b. The Class A Investor Default Amount
1. Investor Default Amount $2,046,508.03
2. Recoveries $129,647.40
3. Net Default Receivables $1,916,860.63
c. The Collateral Investor Default Amount
1. Investor Default Amount $292,358.29
2. Recoveries $18,521.06
3. Net Default Receivables $273,837.23
5. Investor Charge-offs.
-------------------------
a. The amount of the Class A Adjusted Investor Charge-Offs per
$1,000 interest after reimbursement of any such Class A Adjusted
Investor Charge-Offs for the Due Period with respect to the
current Distribution Date $0.00
b. The amount attributable to Class A Adjusted Investor Charge-Offs,
if any, by which the principal balance of the Class A Adjusted
Certificates exceeds the Class A Adjusted Invested Amount as of
the end of the day on the Record Date with respect to the current
Distribution Date $0.00
c. The amount of the Collateral Charge-Offs,if any, for the Due
Period with respect to the current Distribution Date $0.00
6. Monthly Servicing Fee
-------------------------
a. The amount of the Monthly Servicing Fee payable from available
funds by the Trust to the Servicer with respect to the current
Distribution Date $95,238.10
b. The amount of the Interchange Monthly Servicing Fee payable to
the Servicer with respect to the current Distribution Date $476,190.48
7. Available Cash Collateral Amount
------------------------------------
a The amount, if any, withdrawn from the Cash Collateral Account
for the current Distribution Date (the "Withdrawal Amount") $0.00
b. The amount available to be withdrawn from the Cash Collateral
Account as of the end of the day on the current Distribution
Date, after giving effect to all withdrawals, deposits and
payments to be made on such Distribution Date (the "Available
Cash Collateral Amount" for the next Distribution Date) $4,571,429.00
Series: 1997-U
c. The amount as computed in 7.b as a percentage of the Class A
Adjusted Invested Amount after giving effect to all reductions
thereof on the current Distribution Date 1.143%
8. Collateral Invested Amount
-------------------------------
a. The Collateral Invested Amount for the current Distribution Date $57,142,858.00
b. The Collateral Invested Amount after giving effect to all
withdrawals, deposits, and payments on the current Distribution
Date $57,142,858.00
9. Total Enhancement
----------------------
a. The total Enhancement for the current Distribution Date $61,714,287.00
b. The total Enhancement after giving effect to all withdrawals,
deposits and payments on the current Distribution Date $61,714,287.00
C. The Pool Factor
--------------------
The Pool Factor (which represents the ratio of the Class A
Adjusted Invested Amount on the last day of the month ending on
the Record Date adjusted for Class A Adjusted Investor
Charge-Offs set forth in B.5.a above and for the distributions of
principal set forth in A.2 above to the Class A Adjusted Initial
Invested Amount). The amount of a Class A Adjusted
Certificateholder's pro rata share of the Class A Adjusted
Invested Amount can be determined by multiplying the original
denomination of the holder's Class A Adjusted Certificate by the
Pool Factor 100.00000000%
D. Principal Funding Account
------------------------------
1. The Principal Funding Investment Proceeds deposited in the
Collection Account for the current Distribution Date to be
treated as Class A Available Funds $0.00
2. The Excess Principal Funding Investment Proceeds for the current
Distribution Date $0.00
3. The Principal Funding Account Balance as of the end of the day on
the current Distribution Date $0.00
4. The Deficit Controlled Accumulation Amount for the preceding Due
Period $0.00
E. Reserve Account
--------------------
1. The Reserve Draw Amount for the current Distribution Date $0.00
2. The amount on deposit in the Reserve Account as of the end of the
day on the current Distribution Date (the "Available Reserve
Account Amount" for the next Distribution Date) $0.00
CERTIFICATEHOLDER'S PAYMENT DATE STATEMENT
Signature Page
First USA Bank, National Association
as Servicer
By: /s/ Michael J. Grubb
------------------------------
MICHAEL J. GRUBB
Title: FIRST VICE PRESIDENT