Exhibit 99.7

MONTHLY STATEMENT TO CERTIFICATEHOLDERS

SERIES 1998-A

CC MASTER CREDIT CARD TRUST II

(Formerly Chevy Chase Master Credit Card Trust II)

RECEIVABLES
Beginning of the Month Principal Receivables:	$2,565,112,351.55
Beginning of the Month Finance Charge Receivables:	$127,843,753.06
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,692,956,104.61
Removed Principal Receivables:	$0.00
Removed Finance Charge Receivables:	$0.00
Removed Total Receivables:	$0.00
Additional Principal Receivables:	$0.00
Additional Finance Charge Receivables:	$0.00
Additional Total Receivables:	$0.00
Discounted Receivables Generated this Period:	$0.00
End of the Month Principal Receivables:	$2,567,606,869.18
End of the Month Finance Charge Receivables:	$127,804,091.72
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,695,410,960.90
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$888,600,000.00
End of the Month Transferor Amount	$1,679,006,869.18
End of the Month Transferor Percentage	65.39%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$60,566,499.34
60-89 Days Delinquent	$44,213,930.21
90+ Days Delinquent	$87,225,545.51
Total 30+ Days Delinquent	$192,005,975.06
Delinquent Percentage	7.12%
Defaulted Accounts During the Month	$16,005,714.61
Annualized Default Percentage	7.49%

Principal Collections	$265,373,653.81
Principal Payment Rate	10.35%
Total Payment Rate	11.18%
INVESTED AMOUNTS
Class A Initial Invested Amount	$370,500,000.00
Class B Initial Invested Amount	$57,000,000.00
Class C Initial Invested Amount	$47,500,000.00
INITIAL INVESTED AMOUNT	$475,000,000.00
Class A Invested Amount	$468,000,000.00
Class B Invested Amount	$72,000,000.00
Class C Invested Amount	$60,000,000.00
INVESTED AMOUNT	$600,000,000.00
Class A Adjusted Invested Amount	$292,500,000.00
Class B Adjusted Invested Amount	$72,000,000.00
Class C Adjusted Invested Amount	$60,000,000.00
ADJUSTED INVESTED AMOUNT	$424,500,000.00
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	21.11%
PRINCIPAL ALLOCATION PERCENTAGE	23.39%
Class A Principal Allocation Percentage	78.00%
Class B Principal Allocation Percentage	12.00%
Class C Principal Allocation Percentage	10.00%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED
TO SERIES 1998-A	$62,072,989.64
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1998-A	$7,464,469.61
MONTHLY SERVICING FEE	$603,750.00
INVESTOR DEFAULT AMOUNT	$3,378,836.19

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	75.62%
Class A Finance Charge Collections	$6,384,149.35
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$6,384,149.35
Class A Monthly Interest	$617,093.75
Class A Servicing Fee	$438,750.00
Class A Investor Default Amount	$2,555,186.38
TOTAL CLASS A EXCESS SPREAD	$2,773,119.22
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	13.30%
Class B Finance Charge Collections	$1,082,505.65
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$1,082,505.65
Class B Monthly Interest	$110,437.50
Class B Servicing Fee	$90,000.00
TOTAL CLASS B EXCESS SPREAD	$882,068.15
CLASS B INVESTOR DEFAULT AMOUNT	$449,263.54
CLASS B REQUIRED AMOUNT	$449,263.54
CLASS C FLOATING ALLOCATION PERCENTAGE	11.08%
CLASS C MONTHLY SERVICING FEE	$75,000.00

EXCESS SPREAD
TOTAL EXCESS SPREAD	$4,482,275.42
Excess Spread Applied to Class A Required Amount	$0.00
Excess Spread Applied to Class A Investor Charge Offs	$0.00
Excess Spread Applied to Class B Required Amount	$449,263.54
Excess Spread Applied to Reductions of Class B Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$497,417.52
Excess Spread Applied to Reductions of Class C Invested Amount	$0.00
Excess Spread Applied to Monthly Cash Collateral Fee	$100,625.00
Excess Spread Applied to Cash Collateral Account	$0.00
Excess Spread Applied to Spread Account	$0.00
Excess Spread Applied to Reserve Account	$41,811.55
Excess Spread Applied to other amounts owed to Cash Collateral Depositor	$0.00
Excess Spread Applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I	$3,393,157.81

EXCESS FINANCE CHARGE COLLECTIONS —   GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$5,150,100.68
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1998-A	$0.00
Excess Finance Charge Collections applied to Class A Required Amount	$0.00
Excess Finance Charge Collections applied to Class A Investor Charge Offs	$0.00
Excess Finance Charge Collections applied to Class B Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class B Invested Amount	$0.00
Excess Finance Charge Collections applied to Class C Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class C Invested Amount	$0.00
Excess Finance Charge Collections applied to Monthly Cash Collateral Fee	$0.00
Excess Finance Charge Collections applied to other amounts owed Cash Collateral Depositor	$0.00
Excess Finance Charge Collections applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
YIELD AND BASE RATE
Base Rate (Current Month)	3.65%
Base Rate (Prior Month)	4.07%
Base Rate (Two Months Ago)	4.09%
THREE MONTH AVERAGE BASE RATE	3.94%
Portfolio Yield (Current Month)	9.98%
Portfolio Yield (Prior Month)	12.48%
Portfolio Yield (Two Months Ago)	11.52%
THREE MONTH AVERAGE PORTFOLIO YIELD	11.33%

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS	$62,072,989.64
INVESTOR DEFAULT AMOUNT	$3,378,836.19
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests	$0.00
Allocable to Class B Certificates	$0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES	$0.00
CLASS A SCHEDULED ACCUMULATION —
Controlled Accumulation Amount	$58,500,000.00
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$58,500,000.00
CLASS B SCHEDULED ACCUMULATION —
Controlled Accumulation Amount	$0.00
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR
PRINCIPAL SHARING	$6,951,825.82
INVESTOR CHARGE OFFS
CLASS A INVESTOR CHARGE OFFS	$0.00
CLASS B INVESTOR CHARGE OFFS	$0.00
CLASS C INVESTOR CHARGE OFFS	$0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED	$0.00
PREVIOUS CLASS B REDUCTIONS REIMBURSED	$0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED	$0.00
CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount	$12,735,000.00
Available Cash Collateral Amount	$14,490,000.00
TOTAL DRAW AMOUNT	$0.00
CASH COLLATERAL ACCOUNT SURPLUS	$1,755,000.00

Bank One, Delaware, National Association (Formerly First USA Bank, National Association) as Servicer
By:	/s/    MICHAEL J. GRUBB
	Michael J. Grubb First Vice President