Exhibit 20.2

PARTNERS FIRST CREDIT CARD MASTER TRUST

MONTHLY TRUST ACTIVITY

A.  Trust Level Activity
Number of Days in Monthly Period	30
Beginning Principal Receivables Balance	1,283,827,751.21
Beginning Special Funding Account Balance	0.00
Beginning Principal Receivables + SFA Balance	1,283,827,751.21
Beginning Finance Charge Receivables	35,281,901.63
Beginning Total Receivables	1,319,109,652.84
Special Funding Account Earnings	0.00
Finance Charge Collections	15,408,233.84
Interest/Fee Reversals (Wachovia accounts only)	0.00
Interchange Collections	3,074,809.32
Collection Account Investment Proceeds	0.00
Recoveries treated as Finance Charge Collections	0.00
Total Finance Charge Receivables Collections	18,483,043.16
Principal Receivables Collections	108,712,677.16
Recoveries treated as Principal Collections	820,198.15
Total Principal Receivables Collections	109,532,875.31
Monthly Payment Rate (Principal plus Interest divided by Beg. Total Receivables)	9.41%
Defaulted Amount (Net of Recoveries)	8,790,796.31
Annualized Default Rate	8.22%
Trust Gross Yield	17.28%
Aggregate Account Addition or Removal (Y/N)?	N
Date of Addition/Removal	N/A
Principal Receivables at the end of the day of Addition/Removal	N/A
SFA Balance at the end of the day of Addition/Removal	N/A
Principal Receivables + SFA Balance at the end of the day of Addition/Removal	N/A
Ending Principal Receivables Balance	1,267,006,186.55
Ending Special Funding Account (SFA) Balance	0.00
Ending Principal Receivables + SFA Balance	1,267,006,186.55
Ending Finance Charge Receivables	34,826,668.81
Ending Total Receivables	1,301,832,855.36
Required Minimum Principal Balance (as of month end)	187,271,942.68

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PARTNERS FIRST CREDIT CARD MASTER TRUST

MONTHLY TRUST ACTIVITY

B.	Series Allocations
				Total	1998-3
	Group				1
	Class A Initial Invested Amount			528,000,000.00	528,000,000.00
	Class B Initial Invested Amount			113,000,000.00	113,000,000.00
	Collateral Initial Invested Amount			67,000,000.00	67,000,000.00
	Class D Initial Invested Amount			42,000,000.00	42,000,000.00
	Total Initial Invested Amount			750,000,000.00	750,000,000.00
	Required Transferor Amount (per definition)			47,495,000.00	47,495,000.00
	Initial Invested Amount + Req Transf Amount			797,495,000.00	797,495,000.00
	Series Allocation Percentage			100.00%	100.00%
	Series Allocable Finance Charge Collections			18,483,043.16	18,483,043.16
	Series Allocable Principal Collections			109,532,875.31	109,532,875.31
	Series Allocable Defaulted Amounts			8,790,796.31	8,790,796.31
	Series Allocable Servicing Fee			192,953.24	192,953.24
	In Revolving Period?				N
	Available for Principal Sharing Series			2,902,978.52	2,902,978.52
	Principal Shortfall			0.00	0.00
	Allocation of Shared Principal Collections			0.00	0.00
	Available for Excess Allocation Series			951,023.90	951,023.90
	Finance Charge Shortfall			0.00	0.00
	Allocation of Excess Finance Charge Collections			0.00	0.00
B.	Series Allocations Amounts Due				1998-3
	Transferor’s Percentage				85.55%
	Principal Allocation Percentage				58.42%
	Principal Collections				63,988,067.25
	Floating Allocation Percentage				14.45%
	Class A Certificate Rate				1.44000%
	Class B Certificate Rate				1.67000%
	CIA Certificate Rate				2.28500%
	CIA Secured Loan Spread Rate				2.03500%
	Class D Certificate Rate				0.00000%
	Class A Interest				633,600.00
	Class B Interest				157,258.33
	Collateral Monthly Interest				0.00
	Class D Interest				0.00
	Investor Monthly Interest				790,858.33
	Investor Default Amount (Net of Recoveries)				1,270,187.32
	Interchange Collections				444,281.00
	0.75% of Interchange				72,357.46
	Servicer Interchange				72,357.46
	Monthly Servicing Fee (Before Adjustments)				192,953.24
	Interchange Adjustment				0.00
	SFA Adjustment				0.00
	Previous Period Adjustment				0.00
	Total Monthly Servicing Fee (After all adjustments)				192,953.24
C.	Calculation of Redirected Investor Finance Charge Collections (“Socialism”)
				Group I	1998-3
	Beginning Invested Amount (Month)			678,500,000.00	678,500,000.00
	Finance Charge Collections			2,670,625.76	2,670,625.76
	Reserve Account Interest			3,074.00	3,074.00
	PFA Proceeds			531,323.03	531,323.03
	Total Finance Charge Collections			3,205,022.79	3,205,022.79
	Investor Monthly Interest			790,858.33	790,858.33
	Investor Default Amount			1,270,187.32	1,270,187.32
	Monthly Servicing Fee			192,953.24	192,953.24
	Additional Amounts			0.00	0.00
	Total Amount Due			2,253,998.89	2,253,998.89
	Group Excess?			Y
	Amount per 4.10(A) Amount per 4.10(B) Amount per 4.10(C) Amount per 4.10(D)	}	used in a shortfall scenario only		790,858.33 1,270,187.32 192,953.24 0.00
	Redirected Finance Charge Collections			3,205,022.79	3,205,022.79
	Amount of funds redistributed per 4.10				0.00
	Redirected Finance Charge Collections—PFA Proceeds (Class A available funds)				2,673,699.76

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PARTNERS FIRST CREDIT CARD MASTER TRUST

MONTHLY TRUST ACTIVITY

D.	Trust Performance
	30-59 Days Delinquent	20,848,418.63	1.65	%
	60-89 Days Delinquent	14,974,905.78	1.18	%
	90+ Days Delinquent	31,078,606.74	2.45	%
	Total 30+ Days Delinquent	66,901,931.15	5.28	%

BANK ONE, DELAWARE, NATIONAL ASSOCIATION (FORMERLY FIRST USA BANK, N.A.) AS SERVICER
By:	/s/    MICHAEL J. GRUBB
	Name: Michael J. Grubb
	Title: First Vice President

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