NATIONAL CITY CREDIT CARD MASTER TRUST
Not Applicable
Not Applicable
Not Applicable
See Item 15(a), Exhibit 99.2 for information provided in lieu of           information required by Item 102 of Regulation S-K.
The registrant is not aware of any material pending legal proceedings           involving either itself, the Seller/Servicer, or the Trustee with           respect to the Certificates or the Registrant's property.
No vote or consent of the holders of the Certificates (the           "Certificateholders") was solicited for any purpose during the year           ended December 31, 2005.                     PART II
(a) Item 201 of Regulation S-K:                i.   Market Information. To the registrant's knowledge, there is                    no established public trading market for the Certificates.                ii.  Holders            At February 15, 2006, the number of holders of record identified by           ADP Financial Information Services, Inc. for the respective classes of           notes is as follows:            Note Description                        Record Holders           ----------------                        --------------           Series 2002-1, Class A                        19           Series 2002-1, Class B                         6                iii. Dividends. Not applicable. (Information as to distributions                    to Certificate holders is provided in the registrants's                    monthly filings on Form 8-K.)                iv.  Securities Authorized for Issuance Under Equity Compensation                    Plans. Not applicable.             (b) Item 701(f) of Regulation S-K. Not applicable.            (c) Item 703 of Regulation S-K. Not applicable.
Not Applicable
Not Applicable
Not Applicable
Not Applicable
None
Not Applicable
A calculation error relating to Available Principal Collections, and the amount of Excess Spread applied to the Class B Required Amount and the Class B Default Amount, affected the Series 2002-1 Monthly Certificateholders' Statements for each Monthly Period in 2005. Certain additional calculation errors affecting a number of additional line items occurred in the reports for the November 2005 and December 2005 Monthly Periods. Full comparative reports for the November 2005 and December 2005 Monthly Periods are presented below. Comparative information for only the affected line items is presented with respect to the reports for each other Monthly Period in 2005.  REPORT DATED FEBRUARY 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   81,592,441.04      83,480,798.89        1,888,357.85 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         113,301.47          113,301.47 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         113,301.47          113,301.47   REPORT DATED MARCH 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   70,781,054.11      72,692,756.73        1,911,702.62 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         114,702.16          114,702.16 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         114,702.16          114,702.16   REPORT DATED APRIL 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   77,247,372.42      79,252,267.48        2,004,895.06 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         120,293.70          120,293.70 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         120,293.70          120,293.70   REPORT DATED MAY 16, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED         AMENDED        VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   78,244,463.60      80,336,907.04        2,092,443.44 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         125,546.61          125,546.61 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         125,546.61          125,546.61    REPORT DATED JUNE 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   79,107,664.51      81,479,192.62        2,371,528.11 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         142,291.69          142,291.69 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         142,291.69          142,291.69   REPORT DATED JULY 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   76,408,924.39      78,713,023.71        2,304,099.32 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         138,245.96          138,245.96 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         138,245.96          138,245.96   REPORT DATED AUGUST 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   80,898,783.33      83,088,546.54        2,189,763.21 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         131,385.79          131,385.79 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         131,385.79          131,385.79   REPORT DATED SEPTEMBER 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   84,177,094.16      85,959,374.89        1,782,280.73 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         106,936.84          106,936.84 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         106,936.84          106,936.84   REPORT DATED OCTOBER 17, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED           AMENDED      VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   80,505,588.83      82,386,052.89        1,880,464.06 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         112,827.84          112,827.84 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         112,827.84          112,827.84   REPORT DATED NOVEMBER 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   82,997,887.44      85,328,971.34        2,331,083.90 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         139,865.03          139,865.03 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         139,865.03          139,865.03     REPORT DATED DECEMBER 15, 2005                                                                                                                              VARIANCE                                                                                       REPORTED            AMENDED           CHANGE             A. Information Regarding the Current Monthly Distribution        (Stated on the Basis of $1,000 Original Certificate        Principal Amount)         1  The amount of the current monthly distribution in respect of           Class A Monthly Principal                                          $            0.00               0.00             0.00                                                                               ----------------------------------------------------         2  The amount of the current monthly distribution in respect of           Class B Monthly Principal                                          $            0.00               0.00             0.00                                                                               ----------------------------------------------------         3  The amount of the current monthly distribution in respect of           Collateral Monthly Principal                                       $            0.00               0.00             0.00                                                                               ----------------------------------------------------         4  The amount of the current monthly distribution in respect of           Class A Monthly Interest                                           $            3.55               3.55             0.00                                                                               ----------------------------------------------------         5  The amount of the current monthly distribution in respect of           Class A Additional Interest                                        $            0.00               0.00             0.00                                                                               ----------------------------------------------------         6  The amount of the current monthly distribution in respect of           Class B Monthly Interest                                           $            3.85               3.85             0.00                                                                               ----------------------------------------------------         7  The amount of the current monthly distribution in respect of           Class B Additional Interest                                        $            0.00               0.00             0.00                                                                               ----------------------------------------------------         8  The amount of the current monthly distribution in respect of           Collateral Minimum Monthly Interest                                $            0.00               0.00             0.00                                                                               ----------------------------------------------------         9  The amount of the current monthly distribution in respect of           any accrued and unpaid Collateral Minimum Monthly Interest         $            0.00               0.00             0.00                                                                               ----------------------------------------------------      B. Information Regarding the Performance of the Trust         1  Collection of Principal Receivables            (a)   Available Principal Collections                              $   77,331,552.74      82,232,214.21     4,900,661.47                                                                               ----------------------------------------------------            (b)   Class A Investor Default Amount treated as Available                 Principal Collection                                         $    4,272,676.61       4,272,676.61             0.00                                                                               ----------------------------------------------------            (c)   Class B Investor Default Amount treated as Available                 Principal Collection                                         $      292,983.54         292,983.54             0.00                                                                               ----------------------------------------------------            (d)   Excess Spread treated as Available Principal                 Collection                                                   $       317,398.83              0.00     (317,398.83)                                                                               ----------------------------------------------------         2  Principal Receivables in the Trust            (a)   The aggregate amount of Principal Receivables in the                 Trust as of the end of the day on the last day of the                 related Monthly Period                                       $1,749,450,615.81   1,749,450,615.81             0.00                                                                               ----------------------------------------------------            (b)   The amount of Principal Receivables in the Trust                 represented by the Invested Amount of Series 2002-1 as                 of the end of the day on the last day of the related                 Monthly Period                                               $  421,319,861.48     421,319,861.48             0.00                                                                               ----------------------------------------------------            (c)   The amount of Principal Receivables in the Trust                 represented by the Adjusted Invested Amount of                 Series 2002-1 as of the end of the day on the last day                 of the related Monthly Period                                $  421,319,861.48     421,319,861.48             0.00                                                                               ----------------------------------------------------            (d)   The amount of Principal Receivables in the Trust                 represented by the Class A Invested Amount as of the                 end of the day on the last day of the related Monthly                 Period                                                       $  368,654,878.79     368,654,878.79             0.00                                                                               ----------------------------------------------------            (e)   The amount of Principal Receivables in the Trust                 represented by the Class A Adjusted Invested Amount as                 of the end of the day on the last day of the related                 Monthly Period                                               $  368,654,878.79     368,654,878.79             0.00                                                                               ----------------------------------------------------            (f)   The amount of Principal Receivables in the Trust                 represented by the Class B Invested Amount as of the                 end of the day on the last day of the related Monthly                 Period                                                       $   25,279,191.69      25,279,191.69             0.00                                                                               ----------------------------------------------------            (g)   The amount of Principal Receivables in the Trust                 represented by the Class B Adjusted Invested Amount                 as of the end of the day on the last day of the                 related Monthly Period                                       $   25,279,191.69      25,279,191.69             0.00                                                                               ----------------------------------------------------            (h)   The amount of Principal Receivables in the Trust                 represented by the Collateral Invested Amount as of                 the end of the day on the last day of the related                 Monthly Period                                               $   27,385,791.00      27,385,791.00             0.00                                                                               ----------------------------------------------------            (i)   The amount of Principal Receivables in the Trust                 represented by the Collateral Adjusted Invested                 Amount as of the end of the day on the last day of                 the related Monthly Period                                   $   27,385,791.00      27,385,791.00             0.00                                                                               ----------------------------------------------------            (j)   The Floating Allocation Percentage with respect to                 the related Monthly Period                                              24.08%             24.08%             0.00                                                                               ----------------------------------------------------            (k)   The Class A Floating Percentage with respect to the                 related Monthly Period                                                  87.50%             87.50%             0.00                                                                               ----------------------------------------------------            (l)   The Class B Floating Percentage with respect to the                 related Monthly Period                                                   6.00%              6.00%             0.00                                                                               ----------------------------------------------------            (m)   The Collateral Floating Percentage with respect to                 the related Monthly Period                                               6.50%              6.50%             0.00                                                                               ----------------------------------------------------            (n)   The Principal Allocation Percentage with respect to                 the related Monthly Period                                              24.08%             24.08%             0.00                                                                               ----------------------------------------------------            (o)   The Class A Principal Percentage with respect to the                 related Monthly Period                                                  87.50%             87.50%             0.00                                                                               ----------------------------------------------------            (p)   The Class B Principal Percentage with respect to the                 related Monthly Period                                                   6.00%              6.00%             0.00                                                                               ----------------------------------------------------            (q)   The Collateral Principal Percentage with respect to                 the related Monthly Period                                               6.50%              6.50%             0.00                                                                               ----------------------------------------------------         3  Delinquent Balances            The aggregate amount of outstanding balances in the           Accounts which were delinquent as of the end of the day           on the last day of the related Monthly Period:                                                              Aggregate                      Percentage                                                              Account                        of Total                                                              Balance                      Receivables                                                         ------------------              ---------------             (a)         30 --  59 days:                    $27,308,924.92                        1.56%             (b)         60 --  89 days:                    $16,727,208.83                        0.96%             (c)         90+ days:                          $19,051,297.56                        1.09%                                                         ------------------              ---------------                         Total:                             $63,087,431.31                        3.61%                                                         ==================              ===============         4  Investor Default Amount            (a)   The Investor Default Amount for the related                 Monthly Period                                             $    4,883,058.98       4,883,058.98             0.00                                                                             ------------------------------------------------------             (b)   The Class A Investor Default Amount for the                 related Monthly Period                                     $    4,272,676.61       4,272,676.61             0.00                                                                             ------------------------------------------------------             (c)   The Class B Investor Default Amount for the                 related Monthly Period                                     $      292,983.54         292,983.54             0.00                                                                             ------------------------------------------------------             (d)   The Collateral Default Amount for the related                 Monthly Period                                             $      317,398.83         317,398.83             0.00                                                                             ------------------------------------------------------         5  Investor Charge-Offs            (a)   The aggregate amount of Class A Investor Charge-Offs                 for the related Monthly Period                             $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   The aggregate amount of Class A Investor Charge-Offs                 set forth in 5(a) above per $1,000 of original                 certificate principal amount                               $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The aggregate amount of Class B Investor                 Charge-Offs for the related Monthly Period                 $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   The aggregate amount of Class B Investor                 Charge-Offs set forth in 5(c) above per $1,000 of                 original certificate principal amount                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (e)   The aggregate amount of Collateral Charge-Offs                 for the related Monthly Period                                    317,398.83         317,398.83             0.00                                                                             ------------------------------------------------------            (f)   The aggregate amount of Collateral Charge-Offs                 set forth in 5(e) above per $1,000 of original                 certificate principal amount                               $           11.49              11.49             0.00                                                                             ------------------------------------------------------            (g)   The aggregate amount of Class A Investor Charge-Offs                 reimbursed on the Transfer Date immediately                 preceding this Distribution Date                           $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (h)   The aggregate amount of Class A Investor                 Charge-Offs set forth in 5(g) above per $1,000                 original certificate principal amount reimbursed                 on the Transfer Date immediately preceding this                 Distribution Date                                          $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (i)   The aggregate amount of Class B Investor Charge-Offs                 reimbursed on the Transfer Date immediately                 preceding this Distribution Date                           $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (j)   The aggregate amount of Class B Investor                 Charge-Offs set forth in 5(i) above per $1,000                 original certificate principal amount reimbursed                 on the Transfer Date immediately preceding this                 Distribution Date                                          $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (k)   The aggregate amount of Collateral Charge-Offs                 reimbursed on the Transfer Date immediately preceding                 this Distribution Date                                     $            0.00               0.00             0.00                                                                             ------------------------------------------------------                                                                                                                                VARIANCE                                                                                       REPORTED            AMENDED           CHANGE                    (l)   The aggregate amount of Collateral Charge-Offs                 set forth in 5(k) above per $1,000 original                 certificate principal amount reimbursed on the                 Transfer Date immediately preceding Distribution                 Date                                                       $            0.00               0.00             0.00                                                                             ------------------------------------------------------         6  Investor Servicing Fee            (a)   The amount of the Class A Servicing Fee payable                 by the Trust to the Servicer for the related                 Monthly Period                                             $      309,895.84         309,895.84             0.00                                                                             ------------------------------------------------------            (b)   The amount of the Class B Servicing Fee payable                 by the Trust to the Servicer for the related                 Monthly Period                                             $       21,250.00          21,250.00             0.00                                                                             ------------------------------------------------------            (c)   The amount of the Collateral Servicing Fee payable                 by the Trust to the Servicer for the related                 Monthly Period                                             $       21,250.00          23,020.83         1,770.83                                                                             ------------------------------------------------------            (d)   The amount of Servicer Interchange payable by the                 Trust to the Servicer for the related Monthly Period       $      354,166.67         354,166.67             0.00                                                                             ------------------------------------------------------         7  Reallocations            (a)   The amount of Reallocated Collateral Principal                 Collections with respect to this Distribution Date         $      148,256.19         167,421.54        19,165.35                                                                             ------------------------------------------------------            (b)   The amount of Reallocated Class B Principal                 Collections with respect to this Distribution Date         $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The Collateral Invested Amount as of the close                 of business on this Distribution Date                      $   27,625,000.00      27,140,179.63     (484,820.37)                                                                             ------------------------------------------------------            (d)   The Collateral Adjusted Invested Amount as of                 the close of business on this Distribution Date            $   27,625,000.00      27,140,179.63     (484,820.37)                                                                             ------------------------------------------------------            (e)   The Class B Invested Amount as of the close                 of business on this Distribution Date                      $   25,500,000.00      25,500,000.00             0.00                                                                             ------------------------------------------------------            (f)   The Class B Adjusted Invested Amount as of the                 close of business on this Distribution Date                $   25,500,000.00      25,500,000.00             0.00                                                                             ------------------------------------------------------            (g)   The Class A Invested Amount as of the close of                 business on this Distribution Date                         $  371,875,000.00     371,875,000.00             0.00                                                                             ------------------------------------------------------            (h)   The Class A Adjusted Invested Amount as of the                 close of business on this Distribution Date                $  371,875,000.00     371,875,000.00             0.00                                                                             ------------------------------------------------------         8  Collection of Finance Charge Receivables            (a)   The aggregate amount of Collections of Finance                 Charge Receivables and Annual Membership Fees                 processed during the related Monthly Period                 which were allocated in respect of the Class A                 Certificates                                               $    5,396,020.91       5,379,251.23      (16,769.68)                                                                             ------------------------------------------------------            (b)   The aggregate amount of Collections of Finance                 Charge Receivables and Annual Membership Fees                 processed during the related Monthly Period                 which were allocated in respect of the Class B                 Certificates                                               $      370,012.86         368,862.94       (1,149.92)                                                                             ------------------------------------------------------            (c)   The aggregate amount of Collections of Finance                 Charge Receivables and Annual Membership Fees                 processed during the related Monthly Period                 which were allocated in respect of the Collateral                 Interest                                                   $      400,847.27         399,601.52       (1,245.75)                                                                             ------------------------------------------------------         9  Principal Funding Account            (a)   The principal amount on deposit in the Principal                 Funding Account on the related Transfer Date               $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   The Accumulation Shortfall with respect to the                 related Monthly Period                                     $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The Principal Funding Investment Proceeds deposited                 in the Finance Charge Account on the related                 Transfer Date to be treated as Class A Available                 Funds                                                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   The Principal Funding Investment Proceeds deposited                 in the Finance Charge Account on the related                 Transfer date to be treated as Class B Available                 Funds                                                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------        10  Reserve Account            (a)   The Reserve Draw Amount on the related Transfer Date       $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   The amount of the Reserve Draw Amount deposited in                 the Collection Account on the related Transfer Date                 to be treated as Class A Available Funds                   $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The amount of the Reserve Draw Account deposited                 in the Collection Account on the related Transfer                 Date to be treated as Class B Available Funds              $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   The amount of any Reserve Account Surplus                  $            0.00               0.00             0.00                                                                             ------------------------------------------------------        11  Available Funds            (a)   The amount of Class A Available Funds on deposit                 in the Collection Account on the related Transfer                 Date                                                       $    1,320,156.25       1,320,156.25             0.00                                                                             ------------------------------------------------------            (b)   The amount of Class B Available Funds on deposit                 in the Collection Account on the related Transfer                 Date                                                       $       98,175.00          98,175.00             0.00                                                                             ------------------------------------------------------            (c)   The amount of Collateral Available Funds on deposit                 in the Collection Account on the related Transfer                 Date                                                       $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   Available Principal Collections on deposit in the                 Collection Account on the related Transfer Date            $            0.00               0.00             0.00                                                                             ------------------------------------------------------        12  Excess Spread and Excess Finance Charge Collections            (a)   Excess Finance Charge Collection                           $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   Class A Available Funds                      minus Class A Monthly Interest                      minus Class A Servicing Fee                      minus Class A Defaulted Amount                             (506,707.78)       (523,477.46)      (16,769.68)                                                                             ------------------------------------------------------                  Class B Available Funds                      minus Class B Monthly Interest                      minus Class B Servicing Fee                      minus Class B Defaulted Amount                        $     (42,395.68)        (43,545.60)       (1,149.92)                                                                             ------------------------------------------------------                  Collateral Available Funds                                 $      400,847.27         399,601.52       (1,245.75)                                                                             ------------------------------------------------------            (c)   Excess Spread applied to the Class A Required Amount                 for the Monthly Period                                           506,707.78         523,477.46        16,769.68                                                                             ------------------------------------------------------            (d)   Excess Spread applied to the Class A Investor                 Charge-Offs for the related Monthly Period                 $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (e)   Excess Spread applied to the Class B Required                 Amount for the related Monthly Period                      $      144,727.34         125,562.00      (19,165.34)                                                                             ------------------------------------------------------            (f)   Excess Spread applied to the Class B Default Amount                 for the related Monthly Period                             $      144,727.34         125,562.00      (19,165.34)                                                                             ------------------------------------------------------            (g)   Excess Spread applied to the Class B Invested Amount                 for the related Monthly Period                             $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (h)   Excess Spread applied to the Collateral Minimum                 Monthly Interest for the related Monthly Period                 and for any past due Collateral Minimum Monthly                 Interest                                                   $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (i)   Excess Spread applied to the Collateral Servicing                 Fee due to the Servicer for the related Monthly                 Period or for any past due Collateral Servicing Fees       $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (j)   Excess Spread applied to the Collateral Default                 Amount as Available Principal Collections for the                 related Monthly Period                                     $            0.00               0.00             0.00                                                                             ------------------------------------------------------             (k)   Excess Spread applied to the Collateral Invested                 Amount for the related Monthly Period                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (l)   Excess Spread applied to the Reserve Account for                 the related Monthly Period                                 $            0.00               0.00             0.00                                                                             ------------------------------------------------------        13  Finance Charge Shortfall            (a)   Finance Charge Shortfall for Series 2002-1                 $      606,542.53       7,000,707.87     6,394,165.34                                                                             ------------------------------------------------------            (b)   Total Finance Charge Shortfall for all series in                 Group One                                                  $    1,271,500.95      24,313,935.16    23,042,434.21                                                                             ------------------------------------------------------        14  Base Rate            (a)   The Base Rate for the related Monthly Period                          5.34%              5.34%             0.00                                                                             ------------------------------------------------------        15  Portfolio Yield            (a)   The Portfolio Yield for the related Monthly Period                     2.66%              3.62%            0.96%                                                                             ------------------------------------------------------            (b)   The Portfolio Adjusted Yield for the related                 Monthly Period                                                           N/A                N/A              N/A                                                                             ------------------------------------------------------                                                                                                                                 Variance REPORT DATED JANUARY 17, 2006                                                        Reported              Amended           Change          A. Information Regarding the Current Monthly Distribution (Stated on the        Basis of $1,000 Original Certificate Principal Amount)         1 The amount of the current monthly distribution in respect of          Class A Monthly Principal                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         2 The amount of the current monthly distribution in respect of          Class B Monthly Principal                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         3 The amount of the current monthly distribution in respect of          Collateral Monthly Principal                                           $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         4 The amount of the current monthly distribution in respect of          Class A Monthly Interest                                               $           4.13               4.13            0.00                                                                                 ----------------------------------------------------         5 The amount of the current monthly distribution in respect of          Class A Additional Interest                                            $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         6 The amount of the current monthly distribution in respect of          Class B Monthly Interest                                               $           4.46               4.46            0.00                                                                                 ----------------------------------------------------         7 The amount of the current monthly distribution in respect of          Class B Additional Interest                                            $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         8 The amount of the current monthly distribution in respect of          Collateral Minimum Monthly Interest                                    $           4.92               4.92            0.00                                                                                 ----------------------------------------------------         9 The amount of the current monthly distribution in respect of          any accrued and unpaid Collateral Minimum Monthly Interest             $           4.27               4.27            0.00                                                                                 ----------------------------------------------------           B. Information Regarding the Performance of the Trust       1 Collection of Principal Receivables         (a)  Available Principal Collections                                     $  84,486,192.82      84,501,565.11       15,372.29                                                                                 ----------------------------------------------------         (b)  Class A Investor Default Amount treated as Available             Principal Collection                                                $   1,109,811.09       1,109,811.66            0.57                                                                                 ----------------------------------------------------         (c)  Class B Investor Default Amount treated as Available             Principal Collection                                                $      76,106.62          76,103.18           (3.44)                                                                                 ----------------------------------------------------         (d)  Excess Spread treated as Available Principal Collection             $     546,702.80         565,813.82       19,111.02                                                                                 ----------------------------------------------------       2 Principal Receivables in the Trust         (a) The aggregate amount of Principal Receivables in            the Trust as of the end of the day on the last day            of the related Monthly Period                                        $1,802,863,892.52  1,802,863,892.52            0.00                                                                                 ----------------------------------------------------         (b) The amount of Principal Receivables in the Trust            represented by the Invested Amount of Series 2002-1            as of the end of the day on the last day of the            related Monthly Period                                               $ 437,495,997.19     437,476,246.69      (19,750.50)                                                                                 ----------------------------------------------------         (c) The amount of Principal Receivables in the Trust            represented by the Adjusted Invested Amount of            Series 2002-1 as of the end of the day on the last            day of the related Monthly Period                                    $ 437,495,997.19     437,476,246.69      (19,750.50)                                                                                 ----------------------------------------------------         (d) The amount of Principal Receivables in the Trust            represented by the Class A Invested Amount as of            the end of the day on the last day of the related            Monthly Period                                                       $ 383,228,993.70     383,229,192.10          198.40                                                                                 ----------------------------------------------------         (e) The amount of Principal Receivables in the Trust            represented by the Class A Adjusted Invested Amount            as of the end of the day on the last day of the            related Monthly Period                                               $ 383,228,993.70     383,229,192.10          198.40                                                                                 ----------------------------------------------------         (f) The amount of Principal Receivables in the Trust            represented by the Class B Invested Amount as of            the end of the day on the last day of the related            Monthly Period                                                       $  26,280,384.55      26,279,198.14       (1,186.41)                                                                                 ----------------------------------------------------         (g) The amount of Principal Receivables in the Trust            represented by the Class B Adjusted Invested Amount            as of the end of the day on the last day of the            related Monthly Period                                               $  26,280,384.55      26,279,198.14       (1,186.41)                                                                                 ----------------------------------------------------         (h) The amount of Principal Receivables in the Trust            represented by the Collateral Invested Amount as of            the end of the day on the last day of the related            Monthly Period                                                       $  27,986,618.94      27,967,856.45      (18,762.49)                                                                                 ----------------------------------------------------         (i) The amount of Principal Receivables in the Trust            represented by the Collateral Adjusted Invested Amount            as of the end of the day on the last            day of the related Monthly Period                                    $  27,986,618.94      27,967,856.45      (18,762.49)                                                                                 ----------------------------------------------------         (j) The Floating Allocation Percentage with respect to the            related Monthly Period                                                          24.27%             24.27%         0.0000                                                                                 ----------------------------------------------------         (k) The Class A Floating Percentage with respect to the            related Monthly Period                                                          87.60%             87.60%         0.0000                                                                                 ----------------------------------------------------         (l) The Class B Floating Percentage with respect to the            related Monthly Period                                                           6.01%              6.01%         0.0000                                                                                 ----------------------------------------------------         (m) The Collateral Floating Percentage with respect to the            related Monthly Period                                                           6.397%             6.39%        (0.007)                                                                                 ----------------------------------------------------         (n) The Principal Allocation Percentage with respect to the            related Monthly Period                                                          24.27%             24.27%         0.0000                                                                                 ----------------------------------------------------         (o) The Class A Principal Percentage with respect to the            related Monthly Period                                                          87.600%            87.60%         0.0000                                                                                 ----------------------------------------------------         (p) The Class B Principal Percentage with respect to the            related Monthly Period                                                           6.01%              6.01%         0.0000                                                                                 ----------------------------------------------------         (q) The Collateral Principal Percentage with respect to the            related Monthly Period                                                           6.40%              6.39%        (0.01)                                                                                 ----------------------------------------------------       3 Delinquent Balances         The aggregate amount of outstanding balances in the        Accounts which were delinquent as of the end of the day        on the last day of the related Monthly Period:                                                 Aggregate             Percentage                                               Account                of Total                                               Balance              Receivables                                            --------------          -----------                   (a)        30 --  59 days:          $25,889,029.47                1.44%        (b)        60 --  89 days:          $17,291,967.01                0.96%        (c)        90+ days:                $19,970,943.07                1.11%                                            --------------          -----------                   Total:                   $63,151,939.55                3.50%                                            ==============          ==========            4 Investor Default Amount         (a)  The Investor Default Amount for the             related Monthly Period                                              $   1,266,965.49       1,266,908.29          (57.20)                                                                                 ----------------------------------------------------         (b)  The Class A Investor Default Amount for the             related Monthly Period                                              $   1,109,811.09       1,109,811.66            0.57                                                                                 ----------------------------------------------------          (c)  The Class B Investor Default Amount for the             related Monthly Period                                              $      76,106.62          76,103.18           (3.44)                                                                                 ----------------------------------------------------          (d)  The Collateral Default Amount for the             related Monthly Period                                              $      81,047.78          80,993.45          (54.33)                                                                                 ----------------------------------------------------       5 Investor Charge-Offs         (a)  The aggregate amount of Class A Investor Charge-Offs             for the related Monthly Period                                      $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b)  The aggregate amount of Class A Investor Charge-Offs             set forth in 5(a) above per $1,000 of original             certificate principal amount                                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c)  The aggregate amount of Class B Investor Charge-Offs             for the related Monthly Period                                      $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d)  The aggregate amount of Class B Investor Charge-Offs             set forth in 5(c) above per $1,000 of original             certificate principal amount                                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (e)  The aggregate amount of Collateral Charge-Offs             for the related Monthly Period                                      $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (f)  The aggregate amount of Collateral Charge-Offs set             forth in 5(e) above per $1,000 of original certificate             principal amount                                                    $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (g)  The aggregate amount of Class A Investor Charge-Offs             reimbursed on the Transfer Date immediately preceding             this Distribution Date                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (h)  The aggregate amount of Class A Investor             Charge-Offs set forth in 5(g) above per $1,000             original certificate principal amount reimbursed on             the Transfer Date             immediately preceding this Distribution Date                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (i)  The aggregate amount of Class B Investor Charge-Offs             reimbursed on the Transfer Date immediately preceding             this Distribution Date                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (j)  The aggregate amount of Class B Investor             Charge-Offs set forth in 5(i) above per $1,000             original certificate principal amount reimbursed on             the Transfer Date immediately preceding this             Distribution Date                                                   $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (k)  The aggregate amount of Collateral Charge-Offs             reimbursed on the Transfer Date immediately preceding             this Distribution Date                                              $     317,398.83         317,398.83            0.00                                                                                 ----------------------------------------------------         (l)  The aggregate amount of Collateral Charge-Offs set             forth in 5(k) above per $1,000 original certificate             principal amount reimbursed on the Transfer Date             immediately preceding Distribution Date                             $          11.49              11.49            0.00                                                                                 ----------------------------------------------------       6  Investor Servicing Fee         (a) The amount of the Class A Servicing Fee payable by            the Trust to the Servicer for the related Monthly Period             $     309,895.92         309,896.08            0.16                                                                                 ----------------------------------------------------         (b) The amount of the Class B Servicing Fee payable by the            Trust to the Servicer for the related Monthly Period                 $      21,251.48          21,250.52           (0.96)                                                                                 ----------------------------------------------------         (c) The amount of the Collateral Servicing Fee payable by            the Trust to the Servicer for the related Monthly Period             $      22,631.22          22,616.05          (15.17)                                                                                 ----------------------------------------------------         (d) The amount of Servicer Interchange payable by the            Trust to the Servicer for the related Monthly Period                 $     353,778.62         353,762.65          (15.97)                                                                                 ----------------------------------------------------       7  Reallocations         (a) The amount of Reallocated Collateral Principal            Collections with respect to this Distribution Date                   $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b) The amount of Reallocated Class B Principal Collections            with respect to this Distribution Date                               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c) The Collateral Invested Amount as of the close            of business on this Distribution Date                                $  27,625,000.00      27,625,000.00            0.00                                                                                 ----------------------------------------------------         (d) The Collateral Adjusted Invested Amount as of            the close of business on this Distribution Date                      $  27,625,000.00      27,625,000.00            0.00                                                                                 ----------------------------------------------------         (e) The Class B Invested Amount as of the close            of business on this Distribution Date                                $  25,500,000.00      25,500,000.00            0.00                                                                                 ----------------------------------------------------         (f) The Class B Adjusted Invested Amount as of the            close of business on this Distribution Date                          $  25,500,000.00      25,500,000.00            0.00                                                                                 ----------------------------------------------------         (g) The Class A Invested Amount as of the close            of business on this Distribution Date                                $ 371,875,000.00     371,875,000.00            0.00                                                                                 ----------------------------------------------------         (h) The Class A Adjusted Invested Amount as of the            close of business on this Distribution Date                          $ 371,875,000.00     371,875,000.00            0.00                                                                                 ----------------------------------------------------        8  Collection of Finance Charge Receivables         (a) The aggregate amount of Collections of Finance            Charge Receivables and Annual Membership Fees            processed during the related Monthly Period            which were allocated in respect of the            Class A Certificates                                                 $   5,708,229.51       5,708,302.46           72.95                                                                                 ----------------------------------------------------         (b) The aggregate amount of Collections of Finance            Charge Receivables and Annual Membership Fees            processed during the related Monthly Period            which were allocated in respect of the            Class B Certificates                                                 $     391,453.44         391,435.76          (17.68)                                                                                 ----------------------------------------------------         (c) The aggregate amount of Collections of Finance            Charge Receivables and Annual Membership Fees            processed during the related Monthly Period            which were allocated in respect of the            Collateral Interest                                                  $     416,868.26         416,588.79         (279.47)                                                                                 ----------------------------------------------------       9  Principal Funding Account         (a) The principal amount on deposit in the            Principal Funding Account            on the related Transfer Date                                         $           0.00               0.00            0.00                                                                                 ----------------------------------------------------          (b) The Accumulation Shortfall with respect            to the related Monthly Period                                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c) The Principal Funding Investment Proceeds            deposited in the Finance Charge Account on the related            Transfer Date to be treated as Class A Available Funds               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d) The Principal Funding Investment Proceeds deposited            in the Finance Charge Account on the related Transfer            date to be treated as Class B Available Funds                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------      10  Reserve Account         (a) The Reserve Draw Amount on the related Transfer Date                 $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b) The amount of the Reserve Draw Amount deposited            in the Collection Account on the related Transfer Date            to be treated as Class A Available Funds                             $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c) The amount of the Reserve Draw Account deposited            in the Collection Account on the related Transfer Date            to be treated as Class B Available Funds                             $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d) The amount of any Reserve Account Surplus                            $           0.00               0.00            0.00                                                                                 ----------------------------------------------------      11  Available Funds         (a) The amount of Class A Available Funds on deposit            in the Collection Account on the related            Transfer Date                                                        $   1,537,181.88       1,537,181.88            0.00                                                                                 ----------------------------------------------------         (b) The amount of Class B Available Funds on            deposit in the Collection Account on the            related Transfer Date                                                $     113,821.76         113,821.76            0.00                                                                                 ----------------------------------------------------         (c) The amount of Collateral Available Funds on            deposit in the Collection Account on the            related Transfer Date                                                $     253,835.03         253,835.03            0.00                                                                                 ----------------------------------------------------         (d) Available Principal Collections on deposit            in the Collection Account on the related            Transfer Date                                                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------      12  Excess Spread and Excess Finance Charge Collections         (a) Excess Finance Charge Collection                                     $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b) Class A Available Funds              minus Class A Monthly Interest              minus Class A Servicing Fee              minus Class A Defaulted Amount                                     $   2,751,410.62       2,751,412.84            2.22                                                                                 ----------------------------------------------------             Class B Available Funds              minus Class B Monthly Interest              minus Class B Servicing Fee              minus Class B Defaulted Amount                                     $     180,273.58         180,260.30          (13.28)                                                                                 ----------------------------------------------------              Collateral Available Funds                                           $     416,868.26         416,588.79         (279.47)                                                                                 ----------------------------------------------------         (c) Excess Spread applied to the Class A Required Amount            for the Monthly Period                                               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d) Excess Spread applied to the Class A Investor            Charge-Offs for the related Monthly Period                           $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (e) Excess Spread applied to the Class B Required            Amount for the related Monthly Period                                $      76,106.62          76,103.18           (3.44)                                                                                 ----------------------------------------------------          (f) Excess Spread applied to the Class B Default            Amount for the related Monthly Period                                $      76,106.22          76,103.18           (3.04)                                                                                 ----------------------------------------------------         (g) Excess Spread applied to the Class B Invested            Amount for the related Monthly Period                                $           0.00               0.00            0.00                                                                                 ----------------------------------------------------          (h) Excess Spread applied to the Collateral            Minimum Monthly Interest for the related            Monthly Period and for any past due            Collateral Minimum Monthly Interest                                  $     253,835.03         253,835.03            0.00                                                                                 ----------------------------------------------------         (i) Excess Spread applied to the Collateral            Servicing Fee due to the Servicer            for the related Monthly Period or for any            past due Collateral Servicing Fees                                   $      45,262.44          45,636.88          374.44                                                                                 ----------------------------------------------------          (j) Excess Spread applied to the Collateral            Default Amount as Available Principal            Collections for the related Monthly Period                           $      81,047.78          80,993.45          (54.33)                                                                                 ----------------------------------------------------         (k) Excess Spread applied to the Collateral            Invested Amount for the related            Monthly Period                                                       $     465,655.02         484,820.37       19,165.35                                                                                 ----------------------------------------------------         (l) Excess Spread applied to the Reserve            Account for the related Monthly Period                               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------     13  Finance Charge Shortfall         (a) Finance Charge Shortfall for Series 2002-1                           $   3,872,247.81       3,892,023.80       19,775.99                                                                                 ----------------------------------------------------         (b) Total Finance Charge Shortfall for all series in Group One           $  16,720,046.35      16,739,822.34       19,775.99                                                                                 ----------------------------------------------------     14  Base Rate         (a) The Base Rate for the related Monthly Period                                     5.59%              5.59%           0.00                                                                                 ----------------------------------------------------     15  Portfolio Yield         (a) The Portfolio Yield for the related Monthly Period                              14.56%             14.56%           0.00                                                                                 ----------------------------------------------------         (b) The Portfolio Adjusted Yield for the related Monthly Period                      N/A            N/A               N/A                                                                                 ----------------------------------------------------                       PART III
Not Applicable
Not Applicable
(a) Each class of Certificates is represented by one or more              certificates registered in the name of Cede & Co., the nominee of              the Depository Trust Company ("DTC"), and an investor holding an              interest in the Trust is not entitled to receive a              Certificate representing such interest except in limited              circumstances. Accordingly, Cede & Co. is the sole holder of record              of Certificates, which it holds on behalf of brokers, dealers,              banks and other direct participants in the DTC system. Such direct              participants may hold Certificates for their own account or for the              accounts of their customers. At February 15, 2006, the following              direct DTC participants held positions in certificates representing              interest in the Trust equal to or exceeding 5% of the total              principal amount of each series outstanding on that date. The              address of each of the participants listed below is: C/O The              Depository Trust Company, 55 Water Street, 49th Floor, New York,              New York 10041.                                                                                               Amount of                                                                                            Beneficial               Percent Title of Class             Name of Beneficial Owner                                        Ownership              of Class - --------------------------------------------------------------------------------------------------------------------------     Series 2002-1, Class A     JPMorgan Chase Bank                                             149,700,000               63%                            Mellon                                                           76,000,000               32%  Series 2002-1, Class B     JPMorgan Chase Bank                                              19,500,000               76%                            Pershing LLC                                                      6,000,000               24%              (b) Not Applicable           (c) Not Applicable
Not Applicable
Not Applicable                     PART IV
(a) The following documents are filed as a part of the report:                Exhibit 31: Sarbanes-Oxley Act 302 Certification dated March 29,               2006 for National City Credit Card Master Trust Annual Report on               Form 10-K for the year ended December 31, 2005.                Exhibit 99.1: Annual Servicer's Certificate                Exhibit 99.2: Series 2002-1 Annual Certificateholders' Statement               for the year ended December 31, 2005.                Exhibit 99.3: Report of Independent Accountants. Report of               Management on the controls over Servicing of the National               City Credit Card Master Trust.            (b) Not applicable.            (c) Omitted.                                       SIGNATURES    Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.                                NATIONAL CITY BANK, as Servicer of                               National City Credit Card Master Trust  Date: March 29, 2006          By: /s/ Russell A. Cronin, Jr.                                   ------------------------------                               Name: Russell A. Cronin, Jr.                               Title: Senior Vice President     EX-31 2 l17967aexv31.txt EX-31                                                                          EXHIBIT 31                           SARBANES-OXLEY ACT SECTION 302  I, Russell A. Cronin. Jr., certify that:  1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of National City Credit Card Master Trust;  2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;  3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;  4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and  5. The Reports of Management on the controls over Servicing of the National City Credit Card Master Trust discloses all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement.  In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated party: Bank of New York.  Date: March 29, 2006  By:/s/       Russell A. Cronin. Jr. - -------------------------------       Russell A. Cronin. Jr.       Senior Vice President       National City Bank    EX-99.1 3 l17967aexv99w1.txt EX-99.1                                                                         EXHIBIT 99.1                            ANNUAL SERVICER'S CERTIFICATE                                NATIONAL CITY BANK                      NATIONAL CITY CREDIT CARD MASTER TRUST  The undersigned, a duly authorized representative of National City Bank, as Servicer (in such capacity, "National City"), pursuant to the Pooling and Servicing Agreement dated as of June 1, 1995 as amended and restated as of July 1, 2000, and as supplemented from time to time (the "Agreement"), between National City, as Seller and Servicer, and The Bank of New York, as Trustee, does herby certify as follows:              1     Capitalized terms used in this Certificate have their                   respective meanings as set forth in the Agreement.              2     National City is, as of the date hereof, the Servicer under                   the Agreement.              3     The undersigned is a Servicing Officer.              4     This Certificate relates to the activity for January 1, 2005                   through December 31, 2005.              5     As of the date hereof, to the best knowledge of the                   undersigned, the Servicer has performed in all material                   respects all its obligations under the Agreement through the                   yearly period and no default in the performance of such                   obligations has occurred or is continuing.        IN WITNESS WHEREOF, the undersigned has duly executed and delivered this       Certificate this 29th day of March, 2006.                                          NATIONAL CITY BANK                                         as Seller and Servicer                                      By: /s/ Larry Potter                                         ------------------------------------                                  Name:  Larry Potter                                  Title: Vice President, National City Bank                                         Vice President, Finance                                         National City Card Services    EX-99.2 4 l17967aexv99w2.txt EX-99.2                                                                        EXHIBIT 99.2                       ANNUAL CERTIFICATEHOLDERS' STATEMENT                       NATIONAL CITY CREDIT CARD MASTER TRUST                                    SERIES 2002-1  Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1995 as amended and restated as of July 1, 2000 (the "Pooling and Servicing Agreement"), among National City Bank, as Seller and Servicer (in its capacity as Servicer, "National City") and The Bank of New York, as trustee (the "Trustee"), as supplemented by the Series 2002-1 Supplement, dated as of January 31, 2002, National City as Servicer is required to prepare certain information each year regarding current distributions to Certificateholders and the performance of the National City Credit Card Master Trust (the "Trust") during the previous year. The information which is required to be prepared with respect to the Distribution for the time period January 1, 2005 through December 31, 2005 is set forth below. Certain of the information is presented on the basis of an original principal amount of $1,000 per Series 2002-1 Certificate (a "Certificate"). Certain other information is presented based on the aggregate amounts for the Trust as a whole. Capitalized terms used in this Annual Statement have their respective meanings set forth in the Pooling and Servicing Agreement and the Series 2002-1 supplement.  A.    Information Regarding the Current Annual Distribution (Stated on the Basis       of $1,000 Original Certificate Principal Amount)     1 The amount of the current annual  distribution in respect of   Class A Annual Principal                                        $             0.00                                                                   ------------------ 2 The amount of the current annual distribution in respect of   Class B Annual Principal                                        $             0.00                                                                   ------------------ 3 The amount of the current annual distribution in respect of   Collateral Annual Principal                                     $             0.00                                                                   ------------------ 4 The amount of the current annual distribution in respect of   Class A Annual Interest                                         $            35.56                                                                   ------------------ 5 The amount of the current annual distribution in respect of   Class A Additional Interest                                     $             0.00                                                                   ------------------ 6 The amount of the current annual distribution in respect of   Class B Annual Interest                                         $            39.20                                                                   ------------------ 7 The amount of the current annual distribution in respect of   Class B Additional Interest                                     $             0.00                                                                   ------------------ 8 The amount of the current annual distribution in respect of   Collateral Minimum Annual Interest                              $            39.99                                                                   ------------------ 9 The amount of the current annual distribution in respect of   any accrued and unpaid Collateral Minimum Annual Interest       $             4.27                                                                   ------------------   B.    Information Regarding the Performance of the Trust     1 Collection of Principal Receivables   (a) Available Principal Collections                              $   979,451,671.45                                                                   ------------------  (b) Class A Investor Default Amount treated as Available      Principal Collection                                         $    23,544,529.29                                                                   ------------------  (c) Class B Investor Default Amount treated as Available      Principal Collection                                         $     1,614,483.81                                                                   ------------------  (d) Excess Spread treated as Available Principal Collection      $     1,914,994.01                                                                   ------------------      2 Principal Receivables in the Trust   (a)     The aggregate amount of Principal Receivables in the Trust          as of the end of the day on the last day of the related Annual Period          $       1,802,863,892.52                                                                                         ------------------------  (b)     The amount of Principal Receivables in the Trust represented by the          Invested Amount of Series 2002-1 as of the end of the day on the last          day of the related Annual Period                                               $         437,476,246.69                                                                                         ------------------------  (c)     The amount of Principal Receivables in the Trust represented by the          Adjusted Invested Amount of Series 2002-1 as of the end of the day          on the last day of the related Annual Period                                   $         437,476,246.69                                                                                         ------------------------  (d)     The amount of Principal Receivables in the Trust represented by the          Class A Invested Amount as of the end of the day on the last          day of the related Annual Period                                               $         383,229,192.10                                                                                         ------------------------  (e)     The amount of Principal Receivables in the Trust represented by the          Class A Adjusted Invested Amount as of the end of the day on the last          day of the related Annual Period                                               $         383,229,192.10                                                                                         ------------------------  (f)     The amount of Principal Receivables in the Trust represented by the          Class B Invested Amount as of the end of the day on the last          day of the related Annual Period                                               $          26,279,198.14                                                                                         ------------------------  (g)     The amount of Principal Receivables in the Trust represented by the          Class B Adjusted Invested Amount as of the end of the day on the last          day of the related Annual Period                                               $          26,279,198.14                                                                                         ------------------------  (h)     The amount of Principal Receivables in the Trust represented by the          Collateral Invested Amount as of the end of the day on the last          day of the related Annual Period                                               $          27,967,856.45                                                                                         ------------------------  (i)     The amount of Principal Receivables in the Trust represented by the          Collateral Adjusted Invested Amount as of the end of the day on the last          day of the related Annual Period                                               $          27,967,856.45                                                                                         ------------------------  (j)     The Floating Allocation Percentage with respect to the related Annual          Period                                                                                            24.99%                                                                                         ------------------------  (k)     The Class A Floating Percentage with respect to the related Annual          Period                                                                                            87.51%                                                                                         ------------------------  (l)     The Class B Floating Percentage with respect to the related Annual          Period                                                                                             6.00%                                                                                         ------------------------  (m)     The Collateral Floating Percentage with respect to the related Annual          Period                                                                                             6.49%                                                                                         ------------------------  (n)     The Principal Allocation Percentage with respect to the related Annual          Period                                                                                            24.99%                                                                                         ------------------------  (o)     The Class A Principal Percentage with respect to the related Annual          Period                                                                                            87.51%                                                                                         ------------------------  (p)     The Class B Principal Percentage with respect to the related Annual          Period                                                                                             6.00%                                                                                         ------------------------  (q)     The Collateral Principal Percentage with respect to the related Annual          Period                                                                                             6.49%                                                                                         ------------------------    3     Delinquent Balances        The aggregate amount of outstanding balances in the Accounts which were       delinquent as of the end of the day on the last day of the related Annual       Period:                               Aggregate      Percentage                             Account        of Total                             Balance       Receivables                          --------------   -----------     (a)    30 -- 59 days:    $25,889,029.47     1.44% (b)    60 -- 89 days:    $17,291,967.01     0.96% (c)    90+ days:         $19,970,943.07     1.11%                          --------------     ----        Total:            $63,151,939.55     3.50%                          ==============     ====     4 Investor Default Amount   (a)     The Investor Default Amount for the related Annual Period                           $        26,906,585.59                                                                                              ----------------------  (b)     The Class A Investor Default Amount for the related Annual Period                   $        23,544,529.29                                                                                              ----------------------  (c)     The Class B Investor Default Amount for the related Annual Period                   $         1,614,483.81                                                                                              ----------------------  (d)     The Collateral Default Amount for the related Annual Period                         $         1,747,572.47                                                                                              ----------------------  5 Investor Charge-Offs   (a)     The aggregate amount of Class A Investor Charge-Offs for the related          Annual Period                                                                       $                 0.00                                                                                              ----------------------  (b)     The aggregate amount of Class A Investor Charge-Offs set forth          in 5(a) above per $1,000 of original certificate principal amount                   $                 0.00                                                                                              ----------------------  (c)     The aggregate amount of Class B Investor Charge-Offs for the related          Annual Period                                                                       $                 0.00                                                                                              ----------------------  (d)     The aggregate amount of Class B Investor Charge-Offs set forth in 5(c)          above per $1,000 of original certificate principal amount                           $                 0.00                                                                                              ----------------------  (e)     The aggregate amount of Collateral Charge-Offs for the related Annual          Period                                                                              $           317,398.83                                                                                              ----------------------  (f)     The aggregate amount of Collateral Charge-Offs set forth in 5(e) above per          $1,000 of original certificate principal amount                                     $                11.49                                                                                              ----------------------  (g)     The aggregate amount of Class A Investor Charge-Offs reimbursed on          the Transfer Date immediately preceding this Distribution Date                      $                 0.00                                                                                              ----------------------  (h)     The aggregate amount of Class A Investor Charge-Offs set forth in 5(g) above          per $1,000 original certificate principal amount reimbursed on the Transfer          Date immediately preceding this Distribution Date                                   $                 0.00                                                                                              ----------------------  (i)     The aggregate amount of Class B Investor Charge-Offs reimbursed on the          Transfer Date immediately preceding this Distribution Date                          $                 0.00                                                                                              ----------------------  (j)     The aggregate amount of Class B Investor Charge-Offs set forth in 5(i) above          per $1,000 original certificate principal amount reimbursed on the Transfer          Date immediately preceding this Distribution Date                                   $                 0.00                                                                                              ----------------------  (k)     The aggregate amount of Collateral Charge-Offs reimbursed on the Transfer Date          immediately preceding this Distribution Date                                        $           317,398.83                                                                                              ----------------------  (l)     The aggregate amount of Collateral Charge-Offs set forth in 5(k) above per          $1,000 original certificate principal amount reimbursed on the Transfer Date          immediately preceding Distribution Date                                             $                11.49                                                                                              ----------------------      6 Investor Servicing Fee   (a)     The amount of the Class A Servicing Fee paid by the Trust to the Servicer          for the related Annual Period                                                       $         3,718,750.32                                                                                              ----------------------  (b)     The amount of the Class B Servicing Fee paid by the Trust to the Servicer          for the related Annual Period                                                       $           255,000.52                                                                                              ----------------------  (c)     The amount of the Collateral Servicing Fee paid by the Trust to the Servicer          for the related Annual Period                                                       $           275,845.18                                                                                              ----------------------  (d)     The amount of Servicer Interchange paid by the Trust to the Servicer          for the related Annual Period                                                       $         4,249,596.02                                                                                              ----------------------  7 Reallocations   (a)     The amount of Reallocated Collateral Principal Collections          for the related Annual Period                                                       $           167,421.54                                                                                              ----------------------  (b)     The amount of Reallocated Class B Principal Collections          for the related Annual Period                                                       $                 0.00                                                                                              ----------------------  (c)     The Collateral Invested Amount as of the close of business          for the related Annual Period                                                       $        27,625,000.00                                                                                              ----------------------  (d)     The Collateral Adjusted Invested Amount as of the close of business          for the related Annual Period                                                       $        27,625,000.00                                                                                              ----------------------  (e)     The Class B Invested Amount as of the close of business          for the related Annual Period                                                       $        25,500,000.00                                                                                              ----------------------  (f)     The Class B Adjusted Invested Amount as of the close of business          for the related Annual Period                                                       $        25,500,000.00                                                                                              ----------------------  (g)     The Class A Invested Amount as of the close of business          for the related Annual Period                                                       $       371,875,000.00                                                                                              ----------------------  (h)     The Class A Adjusted Invested Amount as of the close of business          for the related Annual Period                                                       $       371,875,000.00                                                                                              ----------------------  8 Collection of Finance Charge Receivables   (a)     The aggregate amount of Collections of Finance Charge Receivables          and Annual Membership Fees processed during the related Annual Period          which were allocated in respect of the Class A Certificates                         $        62,125,514.06                                                                                              ----------------------  (b)     The aggregate amount of Collections of Finance Charge Receivables          and Annual Membership Fees processed during the related Annual Period          which were allocated in respect of the Class B Certificates                         $         4,260,044.55                                                                                              ----------------------  (c)     The aggregate amount of Collections of Finance Charge Receivables          and Annual Membership Fees processed during the related Annual Period          which were allocated in respect of the Collateral Interest                          $         4,607,581.65                                                                                              ----------------------  9 Principal Funding Account   (a)     The principal amount on deposit in the Principal Funding Account          on the related Transfer Date                                                        $                 0.00                                                                                              ----------------------   (b)     The Accumulation Shortfall with respect to the related Annual Period                $                 0.00                                                                                              ----------------------  (c)     The Principal Funding Investment Proceeds deposited in the Finance Charge          Account on the related Transfer Date to be treated as Class A Available Funds       $                 0.00                                                                                              ----------------------  (d)     The Principal Funding Investment Proceeds deposited in the Finance Charge          Account on the related Transfer date to be treated as Class B Available Funds       $                 0.00                                                                                              ----------------------      10 Reserve Account    (a)     The Reserve Draw Amount on the related Transfer Date                                $                 0.00                                                                                               ----------------------   (b)     The amount of the Reserve Draw Amount deposited in the Collection           Account on the related Transfer Date to be treated as Class A Available Funds       $                 0.00                                                                                               ----------------------   (c)     The amount of the Reserve Draw Account deposited in the Collection           Account on the related Transfer Date to be treated as Class B Available Funds       $                 0.00                                                                                               ----------------------   (d)     The amount of any Reserve Account Surplus                                           $                 0.00                                                                                               ----------------------  11 Available Funds    (a)     The amount of Class A Available Funds on deposit in the Collection           Account on the related Transfer Dates                                               $        13,223,634.62                                                                                               ----------------------   (b)     The amount of Class B Available Funds on deposit in the Collection           Account on the related Transfer Dates                                               $           999,583.50                                                                                               ----------------------   (c)     The amount of Collateral Available Funds on deposit in the Collection           Account on the related Transfer Dates                                               $         1,222,541.87                                                                                               ----------------------   (d)     Available Principal Collections on deposit in the Collection Account           on the related Transfer Dates                                                       $                 0.00                                                                                               ----------------------  12 Excess Spread and Excess Finance Charge Collections    (a)     Excess Finance Charge Collection                                                    $                 0.00                                                                                               ----------------------   (b)     Class A Available Funds                minus Class A Annual Interest                minus Class A Servicing Fee                minus Class A Defaulted Amount                                                 $        21,638,599.88                                                                                               ----------------------           Class B Available Funds                minus Class B Annual Interest                minus Class B Servicing Fee                minus Class B Defaulted Amount                                                 $         1,390,976.70                                                                                               ----------------------            Collateral Available Funds                                                          $         4,607,581.65                                                                                               ----------------------   (c)     Excess Spread applied to the Class A Required Amount for the Annual Period          $           523,477.46                                                                                               ----------------------   (d)     Excess Spread applied to the Class A Investor  Charge-Offs for the           related Annual Period                                                               $                 0.00                                                                                               ----------------------   (e)     Excess Spread applied to the Class B Required Amount for the related           Annual Period                                                                       $         1,447,062.27                                                                                               ----------------------   (f)     Excess Spread applied to the Class B Default Amount for the related Annual Period   $         1,447,062.27                                                                                               ----------------------        (g)     Excess Spread applied to the Class B Invested Amount for the related Annual Period    $                 0.00                                                                                                 ----------------------   (h)     Excess Spread applied to the Collateral Minimum Annual Interest for the related           Annual Period and for any past due Collateral Minimum Annual Interest                 $         1,222,541.87                                                                                                 ----------------------   (i)     Excess Spread applied to the Collateral Servicing Fee due to the Servicer           for the related Annual Period or for any past due Collateral Servicing Fees           $           275,845.18                                                                                                 ----------------------   (j)     Excess Spread applied to the Collateral Default Amount as Available Principal           Collections for the related Annual Period                                             $         1,430,173.64                                                                                                 ----------------------   (k)     Excess Spread applied to the Collateral Invested Amount for the related           Annual Period                                                                         $           484,820.37                                                                                                 ----------------------   (l)     Excess Spread applied to the Reserve Account for the related Annual Period            $                 0.00                                                                                                 ----------------------  13 Finance Charge Shortfall    (a)     Finance Charge Shortfall for Series 2002-1                                            $         3,892,023.80                                                                                                 ----------------------   (b)     Total Finance Charge Shortfall for all series in Group One                            $        16,739,822.34                                                                                                 ----------------------  14 Base Rate    (a)     The Base Rate for the related Annual Period                                                             4.59%                                                                                                 ----------------------  15 Portfolio Yield    (a)     The Portfolio Yield for the related Annual Period                                                      10.37%                                                                                                 ----------------------   (b)     The Portfolio Adjusted Yield for the related Annual Period                                               N/A                                                                                                 ----------------------   IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 29th day of March, 2006.                                NATIONAL CITY BANK,                               as Seller and Servicer                                         By:    /s/ Larry Potter                                               ----------------------------------                                        Name:  Larry Potter                                        Title: Vice President, National City Bank                                               Vice President, Finance                                               National City Card Services    EX-99.3 5 l17967aexv99w3.txt EX-99.3                                                                         EXHIBIT 99.3  Report of Independent Accountants  National City Bank The Bank of New York Moody's Investors Service, Inc. Standard & Poor's Corporation  Re: National City Credit Card Master Trust, Series 2002-1  We have examined management's assertion, included in the accompanying report by management titled "Report of Management on the Controls over Servicing of the National City Credit Card Master Trust", that its controls over servicing the National City Credit Card Master Trust (the Trust) are effective, from January 1, 2005 through December 31, 2005, in accordance with the covenants and conditions of sections 3.01, 4.01 through 4.08, 4.11, 4.12, 5.02(a), and 5.02(c) of the Series 2002-1 Supplement (to the Pooling and Servicing Agreement) dated as of January 31, 2002 (the 2002-1 supplement) and sections 3.01(b-e), 3.02, 3.03, 3.04(a), 3.04(b), 3.05, 3.06, 3.09, 3.10, 4.02 through 4.07, 8.06, 8.07, and 8.08 of the Pooling and Servicing Agreement dated June 1, 1995 as Amended and Restated as of July 1, 2000 (the Agreement) between National City Bank as Seller and Servicer and The Bank of New York (Delaware) as Trustee, except for the controls related to section 3.04(b) of the Agreement as described in Attachment A to management's assertion. Management is responsible for its controls over its servicing responsibilities. Our responsibility is to express an opinion on management's assertion based on our examination.  Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included obtaining an understanding of the controls over servicing the National City Credit Card Master Trust, testing and evaluating the design and operating effectiveness of those controls, and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.  Because of inherent limitations in any internal control, misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the controls over servicing the National City Credit Card Master Trust to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the controls may deteriorate.  In our opinion, management's assertion that, from January 1, 2005 to December 31, 2005, National City Bank's controls over servicing the National City Credit Card Master Trust are effective, except for the controls related to section 3.04(b) of the Agreement as described in Attachment A to management's assertion, in providing reasonable assurance that the Trust is being serviced in accordance with the sections of the 2002-1 Supplement and Agreement specified above, is fairly stated, in all material respects, based on the criteria specified in management's assertion.                                     /s/ Ernst & Young LLP  March 29, 2006 Cleveland, Ohio                REPORT OF MANAGEMENT ON THE CONTROLS OVER SERVICING OF                    THE NATIONAL CITY CREDIT CARD MASTER TRUST  National City Bank (the Company) is responsible for establishing and maintaining effective controls over servicing the National City Credit Card Master Trust (the Trust). The controls are designed to provide reasonable assurance to the Company's management, board of directors, The Bank of New York as Trustee, and each Rating Agency, that the Trust is being serviced in accordance with the covenants and conditions of sections 3.01, 4.01 through 4.08, 4.11, 4.12, 5.02(a), and 5.02(c) of the Series 2002-1 Supplement (to the Pooling and Servicing Agreement) dated as of January 31, 2002 (the 2002-1 Supplement) and sections 3.01(b-e), 3.02, 3.03, 3.04(a), 3.04(b), 3.05, 3.06, 3.09, 3.10, 4.02 through 4.07, 8.06, 8.07, and 8.08 of the Pooling and Servicing Agreement dated June 1, 1995 as amended and restated as of July 1, 2000 (the Agreement) between National City Bank as Seller and Servicer and The Bank of New York as Trustee.  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 the National City Credit Card Master Trust are to provide reasonable, but not absolute, assurance that the Trust is being serviced in accordance with the covenants and conditions of sections 3.01, 4.01 through 4.08, 4.11, 4.12, 5.02(a), and 5.02(c) of the 2002-1 Supplement and sections 3.01(b-e), 3.02, 3.03, 3.04(a), 3.04(b), 3.05, 3.06, 3.09, 3.10, 4.02 through 4.07, 8.06, 8.07, and 8.08 of the Agreement.  The Company has assessed its controls over servicing the National City Credit Card Master Trust in relation to these criteria. Based upon this assessment, the Company believes that, from January 1, 2005 through December 31, 2005, its controls over servicing the National City Credit Card Master Trust were effective, except for the controls related to Section 3.04(b) as described in Attachment A, in providing reasonable assurance that the Trust is being serviced in accordance with the sections of the 2002-1 Supplement and Agreement specified above.  National City Bank  By /s/ Russell A. Cronin, Jr.    ----------------------------- Russell A. Cronin, Jr. Senior Vice President  March 29, 2006                                                                        ATTACHMENT A                       NATIONAL CITY CREDIT CARD MASTER TRUST                                   SERIES 2002-1                                CONTROL EXCEPTIONS  OBJECTIVE:  Pursuant to Section 3.04(b) of the Pooling and Servicing Agreement dated June 1, 1995 as Amended and Restated as of July 1, 2000 (the Agreement) between National City Bank as Seller and Servicer and The Bank of New York as Trustee, National City as Servicer is required to prepare certain information each month regarding current distributions to certificateholders and the performance of the National City Credit Card Master Trust during the previous month.  CONTROL EXCEPTION IDENTIFIED:  Management determined that these errors were the result of a breakdown in controls related to management oversight and review of the monthly noteholder reports, especially during the reporting periods impacted by the Bankruptcy Reform legislation.  REPORT DATED FEBRUARY 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   81,592,441.04      83,480,798.89        1,888,357.85 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         113,301.47          113,301.47 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         113,301.47          113,301.47   REPORT DATED MARCH 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED          AMENDED       VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   70,781,054.11      72,692,756.73        1,911,702.62 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         114,702.16          114,702.16 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         114,702.16          114,702.16   REPORT DATED APRIL 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   77,247,372.42      79,252,267.48        2,004,895.06 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         120,293.70          120,293.70 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         120,293.70          120,293.70   REPORT DATED MAY 16, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   78,244,463.60      80,336,907.04        2,092,443.44 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         125,546.61          125,546.61 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         125,546.61          125,546.61     REPORT DATED JUNE 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   79,107,664.51      81,479,192.62        2,371,528.11 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         142,291.69          142,291.69 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         142,291.69          142,291.69   REPORT DATED JULY 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   76,408,924.39      78,713,023.71        2,304,099.32 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         138,245.96          138,245.96 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         138,245.96          138,245.96   REPORT DATED AUGUST 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   80,898,783.33      83,088,546.54        2,189,763.21 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         131,385.79          131,385.79 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         131,385.79          131,385.79   REPORT DATED SEPTEMBER 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   84,177,094.16      85,959,374.89        1,782,280.73 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         106,936.84          106,936.84 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         106,936.84          106,936.84   REPORT DATED OCTOBER 17, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED           AMENDED      VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   80,505,588.83      82,386,052.89        1,880,464.06 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         112,827.84          112,827.84 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         112,827.84          112,827.84    REPORT DATED NOVEMBER 15, 2005:    LINE ITEM   DESCRIPTION                                                            REPORTED            AMENDED     VARIANCE CHANGE      B.1(a)      Available Principal Collections                                   82,997,887.44      85,328,971.34        2,331,083.90 B.12 (e)    Excess Spread applied to the Class B Required Amount for             the related Monthly Period                                                 0.00         139,865.03          139,865.03 B.12 (f)    Excess Spread applied to the Class B Default Amount for             the related Monthly Period                                                 0.00         139,865.03          139,865.03      REPORT DATED DECEMBER 15, 2005                                                                                                                              VARIANCE                                                                                       REPORTED            AMENDED           CHANGE             A. Information Regarding the Current Monthly Distribution        (Stated on the Basis of $1,000 Original Certificate        Principal Amount)         1  The amount of the current monthly distribution in respect of           Class A Monthly Principal                                          $            0.00               0.00             0.00                                                                               ----------------------------------------------------         2  The amount of the current monthly distribution in respect of           Class B Monthly Principal                                          $            0.00               0.00             0.00                                                                               ----------------------------------------------------         3  The amount of the current monthly distribution in respect of           Collateral Monthly Principal                                       $            0.00               0.00             0.00                                                                               ----------------------------------------------------         4  The amount of the current monthly distribution in respect of           Class A Monthly Interest                                           $            3.55               3.55             0.00                                                                               ----------------------------------------------------         5  The amount of the current monthly distribution in respect of           Class A Additional Interest                                        $            0.00               0.00             0.00                                                                               ----------------------------------------------------         6  The amount of the current monthly distribution in respect of           Class B Monthly Interest                                           $            3.85               3.85             0.00                                                                               ----------------------------------------------------         7  The amount of the current monthly distribution in respect of           Class B Additional Interest                                        $            0.00               0.00             0.00                                                                               ----------------------------------------------------         8  The amount of the current monthly distribution in respect of           Collateral Minimum Monthly Interest                                $            0.00               0.00             0.00                                                                               ----------------------------------------------------         9  The amount of the current monthly distribution in respect of           any accrued and unpaid Collateral Minimum Monthly Interest         $            0.00               0.00             0.00                                                                               ----------------------------------------------------      B. Information Regarding the Performance of the Trust         1  Collection of Principal Receivables            (a)   Available Principal Collections                              $   77,331,552.74      82,232,214.21     4,900,661.47                                                                               ----------------------------------------------------            (b)   Class A Investor Default Amount treated as Available                 Principal Collection                                         $    4,272,676.61       4,272,676.61             0.00                                                                               ----------------------------------------------------            (c)   Class B Investor Default Amount treated as Available                 Principal Collection                                         $      292,983.54         292,983.54             0.00                                                                               ----------------------------------------------------            (d)   Excess Spread treated as Available Principal                 Collection                                                   $       317,398.83              0.00     (317,398.83)                                                                               ----------------------------------------------------         2  Principal Receivables in the Trust            (a)   The aggregate amount of Principal Receivables in the                 Trust as of the end of the day on the last day of the                 related Monthly Period                                       $1,749,450,615.81   1,749,450,615.81             0.00                                                                               ----------------------------------------------------            (b)   The amount of Principal Receivables in the Trust                 represented by the Invested Amount of Series 2002-1 as                 of the end of the day on the last day of the related                 Monthly Period                                               $  421,319,861.48     421,319,861.48             0.00                                                                               ----------------------------------------------------            (c)   The amount of Principal Receivables in the Trust                 represented by the Adjusted Invested Amount of                 Series 2002-1 as of the end of the day on the last day                 of the related Monthly Period                                $  421,319,861.48     421,319,861.48             0.00                                                                               ----------------------------------------------------            (d)   The amount of Principal Receivables in the Trust                 represented by the Class A Invested Amount as of the                 end of the day on the last day of the related Monthly                 Period                                                       $  368,654,878.79     368,654,878.79             0.00                                                                               ----------------------------------------------------            (e)   The amount of Principal Receivables in the Trust                 represented by the Class A Adjusted Invested Amount as                 of the end of the day on the last day of the related                 Monthly Period                                               $  368,654,878.79     368,654,878.79             0.00                                                                               ----------------------------------------------------            (f)   The amount of Principal Receivables in the Trust                 represented by the Class B Invested Amount as of the                 end of the day on the last day of the related Monthly                 Period                                                       $   25,279,191.69      25,279,191.69             0.00                                                                               ----------------------------------------------------            (g)   The amount of Principal Receivables in the Trust                 represented by the Class B Adjusted Invested Amount                 as of the end of the day on the last day of the                 related Monthly Period                                       $   25,279,191.69      25,279,191.69             0.00                                                                               ----------------------------------------------------            (h)   The amount of Principal Receivables in the Trust                 represented by the Collateral Invested Amount as of                 the end of the day on the last day of the related                 Monthly Period                                               $   27,385,791.00      27,385,791.00             0.00                                                                               ----------------------------------------------------            (i)   The amount of Principal Receivables in the Trust                 represented by the Collateral Adjusted Invested                 Amount as of the end of the day on the last day of                 the related Monthly Period                                   $   27,385,791.00      27,385,791.00             0.00                                                                               ----------------------------------------------------            (j)   The Floating Allocation Percentage with respect to                 the related Monthly Period                                              24.08%             24.08%             0.00                                                                               ----------------------------------------------------            (k)   The Class A Floating Percentage with respect to the                 related Monthly Period                                                  87.50%             87.50%             0.00                                                                               ----------------------------------------------------            (l)   The Class B Floating Percentage with respect to the                 related Monthly Period                                                   6.00%              6.00%             0.00                                                                               ----------------------------------------------------            (m)   The Collateral Floating Percentage with respect to                 the related Monthly Period                                               6.50%              6.50%             0.00                                                                               ----------------------------------------------------            (n)   The Principal Allocation Percentage with respect to                 the related Monthly Period                                              24.08%             24.08%             0.00                                                                               ----------------------------------------------------            (o)   The Class A Principal Percentage with respect to the                 related Monthly Period                                                  87.50%             87.50%             0.00                                                                               ----------------------------------------------------            (p)   The Class B Principal Percentage with respect to the                 related Monthly Period                                                   6.00%              6.00%             0.00                                                                               ----------------------------------------------------            (q)   The Collateral Principal Percentage with respect to                 the related Monthly Period                                               6.50%              6.50%             0.00                                                                               ----------------------------------------------------         3  Delinquent Balances            The aggregate amount of outstanding balances in the           Accounts which were delinquent as of the end of the day           on the last day of the related Monthly Period:                                                              Aggregate                      Percentage                                                              Account                        of Total                                                              Balance                      Receivables                                                         ------------------              ---------------             (a)         30 --  59 days:                    $27,308,924.92                        1.56%             (b)         60 --  89 days:                    $16,727,208.83                        0.96%             (c)         90+ days:                          $19,051,297.56                        1.09%                                                         ------------------              ---------------                         Total:                             $63,087,431.31                        3.61%                                                         ==================              ===============         4  Investor Default Amount            (a)   The Investor Default Amount for the related                 Monthly Period                                             $    4,883,058.98       4,883,058.98             0.00                                                                             ------------------------------------------------------             (b)   The Class A Investor Default Amount for the                 related Monthly Period                                     $    4,272,676.61       4,272,676.61             0.00                                                                             ------------------------------------------------------             (c)   The Class B Investor Default Amount for the                 related Monthly Period                                     $      292,983.54         292,983.54             0.00                                                                             ------------------------------------------------------             (d)   The Collateral Default Amount for the related                 Monthly Period                                             $      317,398.83         317,398.83             0.00                                                                             ------------------------------------------------------         5  Investor Charge-Offs            (a)   The aggregate amount of Class A Investor Charge-Offs                 for the related Monthly Period                             $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   The aggregate amount of Class A Investor Charge-Offs                 set forth in 5(a) above per $1,000 of original                 certificate principal amount                               $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The aggregate amount of Class B Investor                 Charge-Offs for the related Monthly Period                 $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   The aggregate amount of Class B Investor                 Charge-Offs set forth in 5(c) above per $1,000 of                 original certificate principal amount                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (e)   The aggregate amount of Collateral Charge-Offs                 for the related Monthly Period                                    317,398.83         317,398.83             0.00                                                                             ------------------------------------------------------            (f)   The aggregate amount of Collateral Charge-Offs                 set forth in 5(e) above per $1,000 of original                 certificate principal amount                               $           11.49              11.49             0.00                                                                             ------------------------------------------------------            (g)   The aggregate amount of Class A Investor Charge-Offs                 reimbursed on the Transfer Date immediately                 preceding this Distribution Date                           $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (h)   The aggregate amount of Class A Investor                 Charge-Offs set forth in 5(g) above per $1,000                 original certificate principal amount reimbursed                 on the Transfer Date immediately preceding this                 Distribution Date                                          $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (i)   The aggregate amount of Class B Investor Charge-Offs                 reimbursed on the Transfer Date immediately                 preceding this Distribution Date                           $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (j)   The aggregate amount of Class B Investor                 Charge-Offs set forth in 5(i) above per $1,000                 original certificate principal amount reimbursed                 on the Transfer Date immediately preceding this                 Distribution Date                                          $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (k)   The aggregate amount of Collateral Charge-Offs                 reimbursed on the Transfer Date immediately preceding                 this Distribution Date                                     $            0.00               0.00             0.00                                                                             ------------------------------------------------------             (l)   The aggregate amount of Collateral Charge-Offs                 set forth in 5(k) above per $1,000 original                 certificate principal amount reimbursed on the                 Transfer Date immediately preceding Distribution                 Date                                                       $            0.00               0.00             0.00                                                                             ------------------------------------------------------         6  Investor Servicing Fee            (a)   The amount of the Class A Servicing Fee payable                 by the Trust to the Servicer for the related                 Monthly Period                                             $      309,895.84         309,895.84             0.00                                                                             ------------------------------------------------------            (b)   The amount of the Class B Servicing Fee payable                 by the Trust to the Servicer for the related                 Monthly Period                                             $       21,250.00          21,250.00             0.00                                                                             ------------------------------------------------------            (c)   The amount of the Collateral Servicing Fee payable                 by the Trust to the Servicer for the related                 Monthly Period                                             $       21,250.00          23,020.83         1,770.83                                                                             ------------------------------------------------------            (d)   The amount of Servicer Interchange payable by the                 Trust to the Servicer for the related Monthly Period       $      354,166.67         354,166.67             0.00                                                                             ------------------------------------------------------         7  Reallocations            (a)   The amount of Reallocated Collateral Principal                 Collections with respect to this Distribution Date         $      148,256.19         167,421.54        19,165.35                                                                             ------------------------------------------------------            (b)   The amount of Reallocated Class B Principal                 Collections with respect to this Distribution Date         $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The Collateral Invested Amount as of the close                 of business on this Distribution Date                      $   27,625,000.00      27,140,179.63     (484,820.37)                                                                             ------------------------------------------------------            (d)   The Collateral Adjusted Invested Amount as of                 the close of business on this Distribution Date            $   27,625,000.00      27,140,179.63     (484,820.37)                                                                             ------------------------------------------------------            (e)   The Class B Invested Amount as of the close                 of business on this Distribution Date                      $   25,500,000.00      25,500,000.00             0.00                                                                             ------------------------------------------------------            (f)   The Class B Adjusted Invested Amount as of the                 close of business on this Distribution Date                $   25,500,000.00      25,500,000.00             0.00                                                                             ------------------------------------------------------            (g)   The Class A Invested Amount as of the close of                 business on this Distribution Date                         $  371,875,000.00     371,875,000.00             0.00                                                                             ------------------------------------------------------            (h)   The Class A Adjusted Invested Amount as of the                 close of business on this Distribution Date                $  371,875,000.00     371,875,000.00             0.00                                                                             ------------------------------------------------------         8  Collection of Finance Charge Receivables            (a)   The aggregate amount of Collections of Finance                 Charge Receivables and Annual Membership Fees                 processed during the related Monthly Period                 which were allocated in respect of the Class A                 Certificates                                               $    5,396,020.91       5,379,251.23      (16,769.68)                                                                             ------------------------------------------------------            (b)   The aggregate amount of Collections of Finance                 Charge Receivables and Annual Membership Fees                 processed during the related Monthly Period                 which were allocated in respect of the Class B                 Certificates                                               $      370,012.86         368,862.94       (1,149.92)                                                                             ------------------------------------------------------            (c)   The aggregate amount of Collections of Finance                 Charge Receivables and Annual Membership Fees                 processed during the related Monthly Period                 which were allocated in respect of the Collateral                 Interest                                                   $      400,847.27         399,601.52       (1,245.75)                                                                             ------------------------------------------------------         9  Principal Funding Account            (a)   The principal amount on deposit in the Principal                 Funding Account on the related Transfer Date               $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   The Accumulation Shortfall with respect to the                 related Monthly Period                                     $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The Principal Funding Investment Proceeds deposited                 in the Finance Charge Account on the related                 Transfer Date to be treated as Class A Available                 Funds                                                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   The Principal Funding Investment Proceeds deposited                 in the Finance Charge Account on the related                 Transfer date to be treated as Class B Available                 Funds                                                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------        10  Reserve Account            (a)   The Reserve Draw Amount on the related Transfer Date       $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   The amount of the Reserve Draw Amount deposited in                 the Collection Account on the related Transfer Date                 to be treated as Class A Available Funds                   $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (c)   The amount of the Reserve Draw Account deposited                 in the Collection Account on the related Transfer                 Date to be treated as Class B Available Funds              $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   The amount of any Reserve Account Surplus                  $            0.00               0.00             0.00                                                                             ------------------------------------------------------        11  Available Funds            (a)   The amount of Class A Available Funds on deposit                 in the Collection Account on the related Transfer                 Date                                                       $    1,320,156.25       1,320,156.25             0.00                                                                             ------------------------------------------------------            (b)   The amount of Class B Available Funds on deposit                 in the Collection Account on the related Transfer                 Date                                                       $       98,175.00          98,175.00             0.00                                                                             ------------------------------------------------------            (c)   The amount of Collateral Available Funds on deposit                 in the Collection Account on the related Transfer                 Date                                                       $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (d)   Available Principal Collections on deposit in the                 Collection Account on the related Transfer Date            $            0.00               0.00             0.00                                                                             ------------------------------------------------------        12  Excess Spread and Excess Finance Charge Collections            (a)   Excess Finance Charge Collection                           $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (b)   Class A Available Funds                      minus Class A Monthly Interest                      minus Class A Servicing Fee                      minus Class A Defaulted Amount                             (506,707.78)       (523,477.46)      (16,769.68)                                                                             ------------------------------------------------------                  Class B Available Funds                      minus Class B Monthly Interest                      minus Class B Servicing Fee                      minus Class B Defaulted Amount                        $     (42,395.68)        (43,545.60)       (1,149.92)                                                                             ------------------------------------------------------                  Collateral Available Funds                                 $      400,847.27         399,601.52       (1,245.75)                                                                             ------------------------------------------------------            (c)   Excess Spread applied to the Class A Required Amount                 for the Monthly Period                                           506,707.78         523,477.46        16,769.68                                                                             ------------------------------------------------------            (d)   Excess Spread applied to the Class A Investor                 Charge-Offs for the related Monthly Period                 $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (e)   Excess Spread applied to the Class B Required                 Amount for the related Monthly Period                      $      144,727.34         125,562.00      (19,165.34)                                                                             ------------------------------------------------------            (f)   Excess Spread applied to the Class B Default Amount                 for the related Monthly Period                             $      144,727.34         125,562.00      (19,165.34)                                                                             ------------------------------------------------------            (g)   Excess Spread applied to the Class B Invested Amount                 for the related Monthly Period                             $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (h)   Excess Spread applied to the Collateral Minimum                 Monthly Interest for the related Monthly Period                 and for any past due Collateral Minimum Monthly                 Interest                                                   $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (i)   Excess Spread applied to the Collateral Servicing                 Fee due to the Servicer for the related Monthly                 Period or for any past due Collateral Servicing Fees       $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (j)   Excess Spread applied to the Collateral Default                 Amount as Available Principal Collections for the                 related Monthly Period                                     $            0.00               0.00             0.00                                                                             ------------------------------------------------------             (k)   Excess Spread applied to the Collateral Invested                 Amount for the related Monthly Period                      $            0.00               0.00             0.00                                                                             ------------------------------------------------------            (l)   Excess Spread applied to the Reserve Account for                 the related Monthly Period                                 $            0.00               0.00             0.00                                                                             ------------------------------------------------------        13  Finance Charge Shortfall            (a)   Finance Charge Shortfall for Series 2002-1                 $      606,542.53       7,000,707.87     6,394,165.34                                                                             ------------------------------------------------------            (b)   Total Finance Charge Shortfall for all series in                 Group One                                                  $    1,271,500.95      24,313,935.16    23,042,434.21                                                                             ------------------------------------------------------        14  Base Rate            (a)   The Base Rate for the related Monthly Period                          5.34%              5.34%             0.00                                                                             ------------------------------------------------------        15  Portfolio Yield            (a)   The Portfolio Yield for the related Monthly Period                     2.66%              3.62%            0.96%                                                                             ------------------------------------------------------            (b)   The Portfolio Adjusted Yield for the related                 Monthly Period                                                           N/A                N/A              N/A                                                                             ------------------------------------------------------                                                                                                                                 Variance REPORT DATED JANUARY 17, 2006                                                        Reported              Amended           Change          A. Information Regarding the Current Monthly Distribution (Stated on the        Basis of $1,000 Original Certificate Principal Amount)         1 The amount of the current monthly distribution in respect of          Class A Monthly Principal                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         2 The amount of the current monthly distribution in respect of          Class B Monthly Principal                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         3 The amount of the current monthly distribution in respect of          Collateral Monthly Principal                                           $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         4 The amount of the current monthly distribution in respect of          Class A Monthly Interest                                               $           4.13               4.13            0.00                                                                                 ----------------------------------------------------         5 The amount of the current monthly distribution in respect of          Class A Additional Interest                                            $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         6 The amount of the current monthly distribution in respect of          Class B Monthly Interest                                               $           4.46               4.46            0.00                                                                                 ----------------------------------------------------         7 The amount of the current monthly distribution in respect of          Class B Additional Interest                                            $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         8 The amount of the current monthly distribution in respect of          Collateral Minimum Monthly Interest                                    $           4.92               4.92            0.00                                                                                 ----------------------------------------------------         9 The amount of the current monthly distribution in respect of          any accrued and unpaid Collateral Minimum Monthly Interest             $           4.27               4.27            0.00                                                                                 ----------------------------------------------------           B. Information Regarding the Performance of the Trust       1 Collection of Principal Receivables         (a)  Available Principal Collections                                     $  84,486,192.82      84,501,565.11       15,372.29                                                                                 ----------------------------------------------------         (b)  Class A Investor Default Amount treated as Available             Principal Collection                                                $   1,109,811.09       1,109,811.66            0.57                                                                                 ----------------------------------------------------         (c)  Class B Investor Default Amount treated as Available             Principal Collection                                                $      76,106.62          76,103.18           (3.44)                                                                                 ----------------------------------------------------         (d)  Excess Spread treated as Available Principal Collection             $     546,702.80         565,813.82       19,111.02                                                                                 ----------------------------------------------------       2 Principal Receivables in the Trust         (a) The aggregate amount of Principal Receivables in            the Trust as of the end of the day on the last day            of the related Monthly Period                                        $1,802,863,892.52  1,802,863,892.52            0.00                                                                                 ----------------------------------------------------         (b) The amount of Principal Receivables in the Trust            represented by the Invested Amount of Series 2002-1            as of the end of the day on the last day of the            related Monthly Period                                               $ 437,495,997.19     437,476,246.69      (19,750.50)                                                                                 ----------------------------------------------------         (c) The amount of Principal Receivables in the Trust            represented by the Adjusted Invested Amount of            Series 2002-1 as of the end of the day on the last            day of the related Monthly Period                                    $ 437,495,997.19     437,476,246.69      (19,750.50)                                                                                 ----------------------------------------------------         (d) The amount of Principal Receivables in the Trust            represented by the Class A Invested Amount as of            the end of the day on the last day of the related            Monthly Period                                                       $ 383,228,993.70     383,229,192.10          198.40                                                                                 ----------------------------------------------------         (e) The amount of Principal Receivables in the Trust            represented by the Class A Adjusted Invested Amount            as of the end of the day on the last day of the            related Monthly Period                                               $ 383,228,993.70     383,229,192.10          198.40                                                                                 ----------------------------------------------------         (f) The amount of Principal Receivables in the Trust            represented by the Class B Invested Amount as of            the end of the day on the last day of the related            Monthly Period                                                       $  26,280,384.55      26,279,198.14       (1,186.41)                                                                                 ----------------------------------------------------         (g) The amount of Principal Receivables in the Trust            represented by the Class B Adjusted Invested Amount            as of the end of the day on the last day of the            related Monthly Period                                               $  26,280,384.55      26,279,198.14       (1,186.41)                                                                                 ----------------------------------------------------         (h) The amount of Principal Receivables in the Trust            represented by the Collateral Invested Amount as of            the end of the day on the last day of the related            Monthly Period                                                       $  27,986,618.94      27,967,856.45      (18,762.49)                                                                                 ----------------------------------------------------         (i) The amount of Principal Receivables in the Trust            represented by the Collateral Adjusted Invested Amount            as of the end of the day on the last            day of the related Monthly Period                                    $  27,986,618.94      27,967,856.45      (18,762.49)                                                                                 ----------------------------------------------------         (j) The Floating Allocation Percentage with respect to the            related Monthly Period                                                          24.27%             24.27%         0.0000                                                                                 ----------------------------------------------------         (k) The Class A Floating Percentage with respect to the            related Monthly Period                                                          87.60%             87.60%         0.0000                                                                                 ----------------------------------------------------         (l) The Class B Floating Percentage with respect to the            related Monthly Period                                                           6.01%              6.01%         0.0000                                                                                 ----------------------------------------------------         (m) The Collateral Floating Percentage with respect to the            related Monthly Period                                                           6.397%             6.39%        (0.007)                                                                                 ----------------------------------------------------         (n) The Principal Allocation Percentage with respect to the            related Monthly Period                                                          24.27%             24.27%         0.0000                                                                                 ----------------------------------------------------         (o) The Class A Principal Percentage with respect to the            related Monthly Period                                                          87.600%            87.60%         0.0000                                                                                 ----------------------------------------------------         (p) The Class B Principal Percentage with respect to the            related Monthly Period                                                           6.01%              6.01%         0.0000                                                                                 ----------------------------------------------------         (q) The Collateral Principal Percentage with respect to the            related Monthly Period                                                           6.40%              6.39%       (0.01)                                                                                 ----------------------------------------------------       3 Delinquent Balances         The aggregate amount of outstanding balances in the        Accounts which were delinquent as of the end of the day        on the last day of the related Monthly Period:                                                 Aggregate             Percentage                                               Account                of Total                                               Balance              Receivables                                            --------------          -----------                   (a)        30 --  59 days:          $25,889,029.47                1.44%        (b)        60 --  89 days:          $17,291,967.01                0.96%        (c)        90+ days:                $19,970,943.07                1.11%                                            --------------          -----------                   Total:                   $63,151,939.55                3.50%                                            ==============          ==========            4 Investor Default Amount         (a)  The Investor Default Amount for the             related Monthly Period                                              $   1,266,965.49       1,266,908.29          (57.20)                                                                                 ----------------------------------------------------         (b)  The Class A Investor Default Amount for the             related Monthly Period                                              $   1,109,811.09       1,109,811.66            0.57                                                                                 ----------------------------------------------------          (c)  The Class B Investor Default Amount for the             related Monthly Period                                              $      76,106.62          76,103.18           (3.44)                                                                                 ----------------------------------------------------          (d)  The Collateral Default Amount for the             related Monthly Period                                              $      81,047.78          80,993.45          (54.33)                                                                                 ----------------------------------------------------       5 Investor Charge-Offs         (a)  The aggregate amount of Class A Investor Charge-Offs             for the related Monthly Period                                      $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b)  The aggregate amount of Class A Investor Charge-Offs             set forth in 5(a) above per $1,000 of original             certificate principal amount                                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c)  The aggregate amount of Class B Investor Charge-Offs             for the related Monthly Period                                      $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d)  The aggregate amount of Class B Investor Charge-Offs             set forth in 5(c) above per $1,000 of original             certificate principal amount                                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (e)  The aggregate amount of Collateral Charge-Offs             for the related Monthly Period                                      $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (f)  The aggregate amount of Collateral Charge-Offs set             forth in 5(e) above per $1,000 of original certificate             principal amount                                                    $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (g)  The aggregate amount of Class A Investor Charge-Offs             reimbursed on the Transfer Date immediately preceding             this Distribution Date                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (h)  The aggregate amount of Class A Investor             Charge-Offs set forth in 5(g) above per $1,000             original certificate principal amount reimbursed on             the Transfer Date immediately preceding this             Distribution Date                                                   $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (i)  The aggregate amount of Class B Investor Charge-Offs             reimbursed on the Transfer Date immediately preceding             this Distribution Date                                              $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (j)  The aggregate amount of Class B Investor             Charge-Offs set forth in 5(i) above per $1,000             original certificate principal amount reimbursed on             the Transfer Date immediately preceding this             Distribution Date                                                   $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (k)  The aggregate amount of Collateral Charge-Offs             reimbursed on the Transfer Date immediately             preceding this Distribution Date                                    $     317,398.83         317,398.83            0.00                                                                                 ----------------------------------------------------         (l)  The aggregate amount of Collateral Charge-Offs set             forth in 5(k) above per $1,000 original certificate             principal amount reimbursed on the Transfer Date             immediately preceding Distribution Date                             $          11.49              11.49            0.00                                                                                 ----------------------------------------------------       6 Investor Servicing Fee         (a) The amount of the Class A Servicing Fee payable by            the Trust to the Servicer for the related Monthly Period             $     309,895.92         309,896.08            0.16                                                                                 ----------------------------------------------------         (b) The amount of the Class B Servicing Fee payable by the            Trust to the Servicer for the related Monthly Period                 $      21,251.48          21,250.52           (0.96)                                                                                 ----------------------------------------------------         (c) The amount of the Collateral Servicing Fee payable by            the Trust to the Servicer for the related Monthly Period             $      22,631.22          22,616.05          (15.17)                                                                                 ----------------------------------------------------         (d) The amount of Servicer Interchange payable by the            Trust to the Servicer for the related Monthly Period                 $     353,778.62         353,762.65          (15.97)                                                                                 ----------------------------------------------------       7 Reallocations         (a) The amount of Reallocated Collateral Principal            Collections with respect to this Distribution Date                   $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b) The amount of Reallocated Class B Principal Collections            with respect to this Distribution Date                               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c) The Collateral Invested Amount as of the close            of business on this Distribution Date                                $  27,625,000.00      27,625,000.00            0.00                                                                                 ----------------------------------------------------         (d) The Collateral Adjusted Invested Amount as of            the close of business on this Distribution Date                      $  27,625,000.00      27,625,000.00            0.00                                                                                 ----------------------------------------------------         (e) The Class B Invested Amount as of the close            of business on this Distribution Date                                $  25,500,000.00      25,500,000.00            0.00                                                                                 ----------------------------------------------------         (f) The Class B Adjusted Invested Amount as of the            close of business on this Distribution Date                          $  25,500,000.00      25,500,000.00            0.00                                                                                 ----------------------------------------------------         (g) The Class A Invested Amount as of the close            of business on this Distribution Date                                $ 371,875,000.00     371,875,000.00            0.00                                                                                 ----------------------------------------------------         (h) The Class A Adjusted Invested Amount as of the            close of business on this Distribution Date                          $ 371,875,000.00     371,875,000.00            0.00                                                                                 ----------------------------------------------------        8 Collection of Finance Charge Receivables         (a) The aggregate amount of Collections of Finance            Charge Receivables and Annual Membership Fees            processed during the related Monthly Period            which were allocated in respect of the            Class A Certificates                                                 $   5,708,229.51       5,708,302.46           72.95                                                                                 ----------------------------------------------------         (b) The aggregate amount of Collections of Finance            Charge Receivables and Annual Membership Fees            processed during the related Monthly Period            which were allocated in respect of the            Class B Certificates                                                 $     391,453.44         391,435.76          (17.68)                                                                                 ----------------------------------------------------         (c) The aggregate amount of Collections of Finance            Charge Receivables and Annual Membership Fees            processed during the related Monthly Period            which were allocated in respect of the            Collateral Interest                                                  $     416,868.26         416,588.79         (279.47)                                                                                 ----------------------------------------------------       9 Principal Funding Account         (a) The principal amount on deposit in the            Principal Funding Account            on the related Transfer Date                                         $           0.00               0.00            0.00                                                                                 ----------------------------------------------------          (b) The Accumulation Shortfall with respect            to the related Monthly Period                                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c) The Principal Funding Investment Proceeds            deposited in the Finance Charge Account on the related            Transfer Date to be treated as Class A Available Funds               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d) The Principal Funding Investment Proceeds deposited            in the Finance Charge Account on the related Transfer            date to be treated as Class B Available Funds                        $           0.00               0.00            0.00                                                                                 ----------------------------------------------------      10 Reserve Account         (a) The Reserve Draw Amount on the related Transfer Date                 $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b) The amount of the Reserve Draw Amount deposited            in the Collection Account on the related Transfer Date            to be treated as Class A Available Funds                             $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (c) The amount of the Reserve Draw Account deposited            in the Collection Account on the related Transfer Date            to be treated as Class B Available Funds                             $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d) The amount of any Reserve Account Surplus                            $           0.00               0.00            0.00                                                                                 ----------------------------------------------------      11 Available Funds         (a) The amount of Class A Available Funds on deposit            in the Collection Account on the related            Transfer Date                                                        $   1,537,181.88       1,537,181.88            0.00                                                                                 ----------------------------------------------------         (b) The amount of Class B Available Funds on            deposit in the Collection Account on the            related Transfer Date                                                $     113,821.76         113,821.76            0.00                                                                                 ----------------------------------------------------         (c) The amount of Collateral Available Funds on            deposit in the Collection Account on the            related Transfer Date                                                $     253,835.03         253,835.03            0.00                                                                                 ----------------------------------------------------         (d) Available Principal Collections on deposit            in the Collection Account on the related Transfer Date                                                                                 $           0.00               0.00            0.00                                                                                 ----------------------------------------------------      12 Excess Spread and Excess Finance Charge Collections         (a) Excess Finance Charge Collection                                     $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (b) Class A Available Funds              minus Class A Monthly Interest              minus Class A Servicing Fee              minus Class A Defaulted Amount                                     $   2,751,410.62       2,751,412.84            2.22                                                                                 ----------------------------------------------------             Class B Available Funds              minus Class B Monthly Interest              minus Class B Servicing Fee              minus Class B Defaulted Amount                                     $     180,273.58         180,260.30          (13.28)                                                                                 ----------------------------------------------------              Collateral Available Funds                                           $     416,868.26         416,588.79         (279.47)                                                                                 ----------------------------------------------------         (c) Excess Spread applied to the Class A Required Amount            for the Monthly Period                                               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (d) Excess Spread applied to the Class A Investor            Charge-Offs for the related Monthly Period                           $           0.00               0.00            0.00                                                                                 ----------------------------------------------------         (e) Excess Spread applied to the Class B Required            Amount for the related Monthly Period                                $      76,106.62          76,103.18           (3.44)                                                                                 ----------------------------------------------------          (f) Excess Spread applied to the Class B Default            Amount for the related Monthly Period                                $      76,106.22          76,103.18           (3.04)                                                                                 ----------------------------------------------------         (g) Excess Spread applied to the Class B Invested            Amount for the related Monthly Period                                $           0.00               0.00            0.00                                                                                 ----------------------------------------------------          (h) Excess Spread applied to the Collateral            Minimum Monthly Interest for the related            Monthly Period and for any past due            Collateral Minimum Monthly Interest                                  $     253,835.03         253,835.03            0.00                                                                                 ----------------------------------------------------         (i) Excess Spread applied to the Collateral            Servicing Fee due to the Servicer            for the related Monthly Period or for any            past due Collateral Servicing Fees                                   $      45,262.44          45,636.88          374.44                                                                                 ----------------------------------------------------          (j) Excess Spread applied to the Collateral            Default Amount as Available Principal                                $      81,047.78          80,993.45          (54.33)                                                                                 ----------------------------------------------------             Collections for the related Monthly Period         (k) Excess Spread applied to the Collateral            Invested Amount for the related            Monthly Period                                                       $     465,655.02         484,820.37       19,165.35                                                                                 ----------------------------------------------------         (l) Excess Spread applied to the Reserve            Account for the related Monthly Period                               $           0.00               0.00            0.00                                                                                 ----------------------------------------------------     13  Finance Charge Shortfall         (a) Finance Charge Shortfall for Series 2002-1                           $   3,872,247.81       3,892,023.80       19,775.99                                                                                 ----------------------------------------------------         (b) Total Finance Charge Shortfall for all series in Group One           $  16,720,046.35      16,739,822.34       19,775.99                                                                                 ----------------------------------------------------     14  Base Rate         (a) The Base Rate for the related Monthly Period                                     5.59%              5.59%           0.00                                                                                 ----------------------------------------------------     15  Portfolio Yield         (a) The Portfolio Yield for the related Monthly Period                              14.56%             14.56%           0.00                                                                                 ----------------------------------------------------         (b) The Portfolio Adjusted Yield for the related Monthly Period                      N/A            N/A               N/A                                                                                 ----------------------------------------------------   RESOLUTION:  Management has enhanced the controls related to preparation of the monthly noteholder reports by strengthening the management oversight and review of the monthly noteholder reports. Additionally, a calculation model to be used in the preparation of the reports is being updated and validated with specific attentions towards the processing of information during other than normal performance scenarios.     -----END PRIVACY-ENHANCED MESSAGE-----