-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Al7wOAK0frDSBmHePb+ruGC0n+EzzT1iTQRiGqnRODd2lDKjbjzMaPTjDs4PxSTU 4l5aI05Wo28Mx72AKv7dcA== 0000950137-00-000645.txt : 20000225 0000950137-00-000645.hdr.sgml : 20000225 ACCESSION NUMBER: 0000950137-00-000645 CONFORMED SUBMISSION TYPE: 10-K405 PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 19991130 FILED AS OF DATE: 20000224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DISCOVER CARD MASTER TRUST I CENTRAL INDEX KEY: 0000894329 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 510020270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 10-K405 SEC ACT: SEC FILE NUMBER: 000-23108 FILM NUMBER: 552683 BUSINESS ADDRESS: STREET 1: 12 READS WAY STREET 2: C/O GREENWOOD TRUST CO CITY: NEW CASTLE STATE: DE ZIP: 19720 BUSINESS PHONE: 3023237184 MAIL ADDRESS: STREET 1: C/O GREENWOOD TRUST COMPANY STREET 2: 12 READ WAY CITY: NEW CASTLE STATE: DE ZIP: 19720 10-K405 1 FORM 10-K 1 CONFORMED COPY SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (MARK ONE) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE PERIOD FROM DECEMBER 1, 1998 THROUGH NOVEMBER 30, 1999 COMMISSION FILE NUMBER 0-23108 DISCOVER CARD MASTER TRUST I (Exact name of registrant as specified in its charter) DELAWARE NOT APPLICABLE (State of Organization) (I.R.S. Employer Identification No.) C/O GREENWOOD TRUST COMPANY 12 READ'S WAY NEW CASTLE, DELAWARE 19720 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (302) 323-7184 Securities registered pursuant to Section 12(b) of the Act: NAME OF EACH EXCHANGE TITLE OF EACH CLASS ON WHICH EACH CLASS TO BE SO REGISTERED IS TO BE REGISTERED ------------------- ------------------- None Not Applicable SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: SERIES 1993-3: 6.20% Class A Credit Card Pass-Through Certificates 6.45% Class B Credit Card Pass-Through Certificates SERIES 1994-2: Floating Rate Class A Credit Card Pass-Through Certificates 8.05% Class B Credit Card Pass-Through Certificates 2 SERIES 1995-1: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1995-2: 6.55% Class A Credit Card Pass-Through Certificates 6.75% Class B Credit Card Pass-Through Certificates SERIES 1995-3: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1996-1: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1996-2: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1996-3: 6.05% Class A Credit Card Pass-Through Certificates 6.25% Class B Credit Card Pass-Through Certificates SERIES 1996-4: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1997-1: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1997-2: 6.792% Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1997-3: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1997-4: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1998-1: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates 2 3 SERIES 1998-2: 5.80% Class A Credit Card Pass-Through Certificates 5.95% Class B Credit Card Pass-Through Certificates SERIES 1998-3: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1998-4: 5.75% Class A Credit Card Pass-Through Certificates 5.90% Class B Credit Card Pass-Through Certificates SERIES 1998-6: 5.85% Class A Credit Card Pass-Through Certificates 6.05% Class B Credit Card Pass-Through Certificates SERIES 1998-7: 5.60% Class A Credit Card Pass-Through Certificates 5.90% Class B Credit Card Pass-Through Certificates SERIES 1999-1: 5.30% Class A Credit Card Pass-Through Certificates 5.55% Class B Credit Card Pass-Through Certificates SERIES 1999-2: 5.90% Class A Credit Card Pass-Through Certificates 6.10% Class B Credit Card Pass-Through Certificates SERIES 1999-3: Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1999-4: 5.65% Class A Credit Card Pass-Through Certificates 5.85% Class B Credit Card Pass-Through Certificates SERIES 1999-5 Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates SERIES 1999-6: 6.85% Class A Credit Card Pass-Through Certificates 7.10% Class B Credit Card Pass-Through Certificates SERIES 2000-1 Floating Rate Class A Credit Card Pass-Through Certificates Floating Rate Class B Credit Card Pass-Through Certificates 3 4 Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes x No __ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] Index to Exhibits Appears on Page 13. PART I ITEM 1. BUSINESS The Discover Card Master Trust I (the "Trust") was formed pursuant to a Pooling and Servicing Agreement dated as of October 1, 1993, as amended (the "Pooling and Servicing Agreement") by and between Greenwood Trust Company ("Greenwood") as Master Servicer, Servicer and Seller, and U.S. Bank National Association (formerly, First Bank National Association, successor trustee to Bank of America Illinois, formerly Continental Bank, National Association) as Trustee (the "Trustee"). The Trust's only business is to act as a passive conduit to permit investment in a pool of retail consumer receivables. The 6.20% Class A Credit Card Pass-Through Certificates (the "Series 1993-3 Class A Certificates") and the 6.45% Class B Credit Card Pass-Through Certificates (the "Series 1993-3 Class B Certificates") of Series 1993-3 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of November 23, 1993, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1994-2 Class A Certificates") and the 8.05% Class B Credit Card Pass-Through Certificates (the "Series 1994-2 Class B Certificates") of Series 1994-2 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of October 14, 1994, as amended, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificate (the "Series 1994-A Class A Certificate") of Series 1994-A was issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of December 20, 1994, as amended, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1995-1 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1995-1 Class B Certificates") of Series 1995-1 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of April 19, 1995, by and between Greenwood and the Trustee. 4 5 The 6.55% Class A Credit Card Pass-Through Certificates (the "Series 1995-2 Class A Certificates") and the 6.75% Class B Credit Card Pass-Through Certificates (the "Series 1995-2 Class B Certificates") of Series 1995-2 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of August 1, 1995, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1995-3 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1995-3 Class B Certificates") of Series 1995-3 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of September 28, 1995, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1996-1 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1996-1 Class B Certificates") of Series 1996-1 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of January 18, 1996, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1996-2 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1996-2 Class B Certificates") of Series 1996-2 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of January 29, 1996, by and between Greenwood and the Trustee. The 6.05% Class A Credit Card Pass-Through Certificates (the "Series 1996-3 Class A Certificates") and the 6.25% Class B Credit Card Pass-Through Certificates (the "Series 1996-3 Class B Certificates") of Series 1996-3 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of February 21, 1996, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1996-4 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1996-4 Class B Certificates") of Series 1996-4 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of April 30, 1996, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1997-1 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1997-1 Class B Certificates") of Series 1997-1 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of August 26, 1997, by and between Greenwood and the Trustee. The 6.792% Class A Credit Card Pass-Through Certificates (the "Series 1997-2 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1997-2 Class B Certificates") of Series 1997-2 were issued pursuant to the Pooling and 5 6 Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of October 15, 1997, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1997-3 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1997-3 Class B Certificates") of Series 1997-3 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of October 23, 1997, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1997-4 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1997-4 Class B Certificates") of Series 1997-4 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of October 31, 1997, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1998-1 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1998-1 Class B Certificates") of Series 1998-1 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of January 14, 1998, by and between Greenwood and the Trustee. The 5.80% Class A Credit Card Pass-Through Certificates (the "Series 1998-2 Class A Certificates") and the 5.95% Class B Credit Card Pass-Through Certificates (the "Series 1998-2 Class B Certificates") of Series 1998-2 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of March 4, 1998, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1998-3 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1998-3 Class B Certificates") of Series 1998-3 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of March 25, 1998, by and between Greenwood and the Trustee. The 5.75% Class A Credit Card Pass-Through Certificates (the "Series 1998-4 Class A Certificates") and the 5.90% Class B Credit Card Pass-Through Certificates (the "Series 1998-4 Class B Certificates") of Series 1998-4 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of April 9, 1998, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1998-5 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1998-5 Class B Certificates") of Series 1998-5 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of June 12, 1998, by and between Greenwood and the Trustee. 6 7 The 5.85% Class A Credit Card Pass-Through Certificates (the "Series 1998-6 Class A Certificates") and the 6.05% Class B Credit Card Pass-Through Certificates (the "Series 1998-6 Class B Certificates") of Series 1998-6 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of July 30, 1998, by and between Greenwood and the Trustee. The 5.60% Class A Credit Card Pass-Through Certificates (the "Series 1998-7 Class A Certificates") and the 5.90% Class B Credit Card Pass-Through Certificates (the "Series 1998-7 Class B Certificates") of Series 1998-7 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of November 12, 1998, by and between Greenwood and the Trustee. The 5.30% Class A Credit Card Pass-Through Certificates (the "Series 1999-1 Class A Certificates") and the 5.55% Class B Credit Card Pass-Through Certificates (the "Series 1999-1 Class B Certificates") of Series 1999-1 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of February 9, 1999, by and between Greenwood and the Trustee. The 5.90% Class A Credit Card Pass-Through Certificates (the "Series 1999-2 Class A Certificates") and the 6.10% Class B Credit Card Pass-Through Certificates (the "Series 1999-2 Class B Certificates") of Series 1999-2 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of March 10, 1999, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1999-3 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1999-3 Class B Certificates") of Series 1999-3 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of April 6, 1999, by and between Greenwood and the Trustee. The 5.65% Class A Credit Card Pass-Through Certificates (the "Series 1999-4 Class A Certificates") and the 5.85% Class B Credit Card Pass-Through Certificates (the "Series 1999-4 Class B Certificates") of Series 1999-4 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of April 27, 1999, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 1999-5 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 1999-5 Class B Certificates") of Series 1999-5 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of June 15, 1999, by and between Greenwood and the Trustee. The 6.85% Class A Credit Card Pass-Through Certificates (the "Series 1999-6 Class A Certificates") and the 7.10% Class B Credit Card Pass-Through Certificates (the "Series 1999-6 Class B Certificates") of Series 1999-6 were issued pursuant to the Pooling and Servicing 7 8 Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of December 14, 1999, by and between Greenwood and the Trustee. The Floating Rate Class A Credit Card Pass-Through Certificates (the "Series 2000-1 Class A Certificates") and the Floating Rate Class B Credit Card Pass-Through Certificates (the "Series 2000-1 Class B Certificates") of Series 2000-1 were issued pursuant to the Pooling and Servicing Agreement and a Series Supplement to the Pooling and Servicing Agreement dated as of January 27, 2000, by and between Greenwood and the Trustee. The Trust's Series 1993-3 Class A Certificates, Series 1994-2 Class A Certificates, Series 1995-1 Class A Certificates, Series 1995-2 Class A Certificates, Series 1995-3 Class A Certificates, Series 1996-1 Class A Certificates, Series 1996-2 Class A Certificates, Series 1996-3 Class A Certificates, Series 1996-4 Class A Certificates, Series 1997-1 Class A Certificates, Series 1997-2 Class A Certificates, Series 1997-3 Class A Certificates, Series 1997-4 Class A Certificates, Series 1998-1 Class A Certificates, Series 1998-2 Class A Certificates, Series 1998-3 Class A Certificates, Series 1998-4 Class A Certificates, Series 1998-6 Class A Certificates, Series 1998-7 Class A Certificates, Series 1999-1 Class A Certificates, Series 1999-2 Class A Certificates, Series 1999-3 Class A Certificates, Series 1999-4 Class A Certificates, Series 1999-5 Class A Certificates, Series 1999-6 Class A Certificates and Series 2000-1 Class A Certificates shall collectively be known as the "Class A Certificates." Similarly, the Trust's Series 1993-3 Class B Certificates, Series 1994-2 Class B Certificates, Series 1995-1 Class B Certificates, Series 1995-2 Class B Certificates, Series 1995-3 Class B Certificates, Series 1996-1 Class B Certificates, Series 1996-2 Class B Certificates, Series 1996-3 Class B Certificates, Series 1996-4 Class B Certificates, Series 1997-1 Class B Certificates, Series 1997-2 Class B Certificates, Series 1997-3 Class B Certificates, Series 1997-4 Class B Certificates, Series 1998-1 Class B Certificates, Series 1998-2 Class B Certificates, Series 1998-3 Class B Certificates, Series 1998-4 Class B Certificates, Series 1998-5 Class B Certificates, Series 1998-6 Class B Certificates, Series 1998-7 Class B Certificates, Series 1999-1 Class B Certificates, Series 1999-2 Class B Certificates, Series 1999-3 Class B Certificates, Series 1999-4 Class B Certificates, Series 1999-5 Class B Certificates, Series 1999-6 Class B Certificates and Series 2000-1 Class B Certificates shall collectively be known as the "Class B Certificates." ITEM 2. PROPERTIES The property of the Trust includes a portfolio of receivables (the "Receivables") arising under selected Discover Card accounts (the "Accounts") originated by Greenwood, the cash received in payment of those Receivables (including recoveries on charged-off Receivables), funds on deposit in the Credit Enhancement Account for each Series, and an interest rate swap with respect to Series 1997-2. At or prior to the time of the Trust's formation, Greenwood transferred to the Trust all the Receivables in the Accounts designated as such at or prior to such time. Greenwood has also transferred to the Trust the Receivables in accounts that were designated as Accounts after the time of formation of the Trust, as of the time of such designation. Greenwood also has transferred and will transfer additional Receivables generated in the Accounts to the Trust on an ongoing basis and in the future may transfer Receivables in Additional Accounts to the Trust from time to time. Information related to the performance of the Receivables during the period from December 1, 1998 through November 30, 1999 is set 8 9 forth in the ANNUAL AGGREGATE REPORT filed as Exhibit 99(A) to this Annual Report on Form 10-K. ITEM 3. LEGAL PROCEEDINGS Greenwood is involved from time to time in various legal proceedings that arise in the ordinary course of its business. Greenwood does not believe that the resolution of any of these proceedings will have a material adverse effect on Greenwood's financial condition or on the Receivables. There can be no assurance, however, regarding any of these effects. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS None PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS The Class A Certificates and the Class B Certificates are held and delivered in book-entry form through the facilities of The Depository Trust Company ("DTC") (in the United States), a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended, or Clearstream Banking or Euroclear (in Europe). The definitive Class A Certificates and Class B Certificates are held by Cede & Co., the nominee of DTC. ITEM 9. CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None PART III ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT As of February 15, 2000, 100% of the Class A Certificates and the Class B Certificates was held in the nominee name Cede & Co. for beneficial owners. As of February 15, 2000, 100% of the beneficial ownership of the Series 1994-A Class A Certificate was held by Riverwoods Funding Corporation. As of February 15, 2000, 100% of the beneficial ownership of the Series 1998-5 Class A Certificates was held in the nominee name Chase Bank of Texas, National Association, as custodian and securities intermediary, for beneficial owners. As of February 15, 2000, Greenwood owned 100% of the uncertificated Seller Certificate, which represented beneficial ownership of a residual interest in the assets of the Trust as provided in the Pooling and Servicing Agreement. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS None 9 10 PART IV ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K (a) Exhibits: 23. Consent of Deloitte & Touche LLP. 99. (A) 1999 ANNUAL AGGREGATE REPORT prepared by the Servicer (relating to the period from December 1, 1998 through November 30, 1999). (B) ANNUAL INDEPENDENT ACCOUNTANTS' REPORTS pursuant to Section 3.08 of the Pooling and Servicing Agreement. (C) MANAGEMENT'S REPORT ON INTERNAL CONTROL RELATED TO SERVICING PROCEDURES. (D) DESCRIPTION OF RECENT DEVELOPMENTS (E) DOCUMENTS INCORPORATED BY REFERENCE The following sections of the registrant's prospectus, dated January 20, 2000, and prospectus supplement, dated January 20, 2000, which were filed on a Current Report on Form 8-K, dated January 20, 2000 (Commission File No. 0-23108) are incorporated herein by reference: "The Discover Card Business" on pages S-11 to S-14 of the prospectus supplement, "Composition and Historical Performance of the Discover Card Portfolio" on pages S-17 to S-20 of the prospectus supplement, "The Seller - Year 2000" on pages 33-34 of the prospectus, "Federal Income Tax Consequences" on pages 37-43 of the prospectus, "ERISA Considerations" on pages 44-45 of the prospectus and "Annex I - Global Clearance, Settlement and Tax Documentation Procedures" on pages 58-61 of the prospectus. (b) Reports on Form 8-K. Current Reports on Form 8-K are filed on or about the Distribution Date each month (typically the 15th of the month) with respect to each Series of Investor Certificates issued by the Trust. The reports include as exhibits the MONTHLY INVESTOR CERTIFICATEHOLDERS' STATEMENTS and were filed on December 15, 1998, January 15, 1999, February 16, 1999, March 15, 1999, April 15, 1999, May 17, 1999, June 16, 1999, July 15, 1999, August 16, 1999, September 15, 1999, October 15, 1999, November 15, 1999, December 15, 1999, January 18, 2000 and February 15, 2000. 10 11 Current Reports on Form 8-K were also filed on the following dates with respect to the events indicated: December 2, 1998 (change in fiscal year); January 6, 1999 (addition of accounts to the Trust); January 29, 1999 (distribution to investors of a Series Term Sheet with respect to Series 1999-1); February 3, 1999 (distribution to investors of a Prospectus Supplement and Prospectus with respect to Series 1999-1); February 3, 1999 (delivery of certain opinions regarding legality and tax matters with respect to Series 1999-1); February 10, 1999 (issuance of the Series 1999-1 Investor Certificates); March 1, 1999 (election to delay commencement of the Series 1994-3 Accumulation Period); March 3, 1999 (distribution to investors of a Series Term Sheet with respect to Series 1999-2); March 5, 1999 (distribution to investors of a Prospectus Supplement and Prospectus with respect to Series 1999-2); March 8, 1999 (delivery of certain opinions regarding legality and tax matters with respect to Series 1999-2); March 12, 1999 (issuance of the Series 1999-2 Investor Certificates); March 26, 1999 (distribution to investors of a Series Term Sheet with respect to Series 1999-3); March 31, 1999 (distribution to investors of a Prospectus Supplement and Prospectus with respect to Series 1999-3); March 31, 1999 (delivery of certain opinions regarding legality and tax matters with respect to Series 1999-3); April 7, 1999 (issuance of the Series 1999-3 Investor Certificates); April 16, 1999 (amendments to Credit Enhancement Agreements); April 19, 1999 (distribution to investors of a Series Term Sheet with respect to Series 1999-4); April 22, 1999 (distribution to investors of a Prospectus Supplement and Prospectus with respect to Series 1999-4); April 22, 1999 (delivery of certain opinions regarding legality and tax matters with respect to Series 1999-4); April 28, 1999 (issuance of the Series 1999-4 Investor Certificates); June 8, 1999 (distribution to investors of a Series Term Sheet with respect to Series 1999-5); June 10, 1999 (distribution to investors of a Prospectus Supplement and Prospectus with respect to Series 1999-5); June 11, 1999 (delivery of certain opinions regarding legality and tax matters with respect to Series 1999-5); June 16, 1999 (issuance of the Series 1999-5 Investor Certificates); June 30, 1999 (election to delay commencement of Series 1995-2 Accumulation Period); August 31, 1999 (election to delay commencement of Series 1997-4 Accumulation Period); November 30, 1999 (election to delay commencement of Series 1996-1 Accumulation Period); December 7, 1999 (distribution to investors of a Series Term Sheet with respect to Series 1999-6); December 9, 1999 (distribution to investors of a Prospectus Supplement and Prospectus with respect to Series 1999-6); December 13, 1999 (delivery of certain opinions regarding legality and tax matters with respect to Series 1999-6); December 16, 1999 (issuance of Series 1999-6 Investor Certificates); January 4, 2000 (election to delay commencement of Series 1998-1 and Series 1995-2 Accumulation Periods); January 18, 2000 (distribution to investors of a Series Term Sheet with respect to Series 2000-1); January 20, 2000 (distribution to investors of a Prospectus Supplement and Prospectus with respect to Series 2000-1); January 25, 2000 (delivery of certain opinions regarding legality and tax matters with respect to Series 2000-1); February 6, 2000 (issuance of the Series 2000-1 Investor Certificates). 11 12 SIGNATURES Pursuant to the requirements of Section 13 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. Discover Card Master Trust I (Registrant) By: Greenwood Trust Company (Originator of the Trust) Dated: February 23, 2000 By: /s/ John J. Coane ------------------------------------- John J. Coane Vice President, Chief Accounting Officer and Treasurer 12 13 EXHIBIT INDEX EXHIBIT NO. 23. Consent of Deloitte & Touche LLP. 99. (A) 1999 ANNUAL AGGREGATE REPORT prepared by the Servicer (relating to the period from December 1, 1998 through November 30, 1999). (B) ANNUAL INDEPENDENT ACCOUNTANTS' REPORTS pursuant to Section 3.08 of the Pooling and Servicing Agreement. (C) MANAGEMENT'S REPORT ON INTERNAL CONTROL RELATED TO SERVICING PROCEDURES (D) DESCRIPTION OF RECENT DEVELOPMENTS (E) DOCUMENTS INCORPORATED BY REFERENCE The following sections of the registrant's prospectus, dated January 20, 2000, and prospectus supplement, dated January 20, 2000, which were filed on a Current Report on Form 8-K, dated January 20, 2000 (Commission File No. 0-23108) are incorporated herein by reference: "The Discover Card Business" on pages S-11 to S-14 of the prospectus supplement, "Composition and Historical Performance of the Discover Card Portfolio" on pages S-17 to S-20 of the prospectus supplement, "The Seller - Year 2000" on pages 33-34 of the prospectus, "Federal Income Tax Consequences" on pages 37-43 of the prospectus, "ERISA Considerations" on pages 44-45 of the prospectus and "Annex I - Global Clearance, Settlement and Tax Documentation Procedures" on pages 58-61 of the prospectus. 13 EX-23 2 CONSENT OF DELOITTE & TOUCHE, LLP 1 EXHIBIT 23 INDEPENDENT ACCOUNTANTS' CONSENT We consent to incorporation by reference in the Registration Statement of Discover Card Master Trust I (Registration Number 33-62263) on Form S-3 of our Independent Accountants' Report dated January 21, 2000, pursuant to Section 3.08 of the Pooling and Servicing Agreement dated as of October 1, 1993, as amended, between Greenwood Trust Company and U.S. Bank National Association (formerly First Bank National Association, successor trustee to Bank of America Illinois, formerly Continental Bank, National Association) as Trustee, appearing as Exhibit 99(B) to the Annual Report on Form 10-K of Discover Card Master Trust I for the period from December 1, 1998 through November 30, 1999. /s/ Deloitte & Touche, LLP -------------------------- February 16, 2000 EX-99.(A) 3 1999 ANNUAL AGGREGATE REPORT 1 EXHIBIT 99(A) DISCOVER CARD MASTER TRUST Series 1993-3 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of November 23, 1993, for Series 1993-3, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended --------------------------------------------------------------------------- November 30, 1999 ----------------- 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates.
Total Interest Principal --------------- --------------- --------------- $ 21,699,999.96 $ 21,699,999.96 $ 0.00
(b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest.
Total Interest Principal --------------- --------------- --------------- $ 61.99999989 $ 61.99999989 $ 0.00000000
2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates.
Total Interest Principal --------------- --------------- --------------- $ 1,063,798.56 $ 1,063,798.56 $ 0.00
(b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest.
Total Interest Principal --------------- --------------- --------------- $ 64.50000364 $ 64.50000364 $ 0.00000000
2 Series 1993-3 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables ------------------------------ (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $ 5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $ 67,958,843.01 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $ 626,281,571.49 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $ 3,201,806.39 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $ 29,507,613.16 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $ 1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18
2. Investor Losses: Reimbursement of Charge-Offs --------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods.
Class A Class B ------- ------- $0.00 $0.00
3 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest.
Class A Class B ---------- ---------- 0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses.
Class A Class B ---------- ---------- $0.00 $0.00
(d) The amount set forth in paragraph (c) above, per $1,000 interest.
Class A Class B ---------- ---------- 0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999.
Class A Class B ---------- ---------- $0.00 $0.00
(f) The amount set forth in paragraph (e) above, per $1,000 interest.
Class A Class B ---------- ---------- 0.00000000 0.00000000
3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999.
Class A Class B ------------- ----------- $6,999,999.96 $329,859.96
4. Available Credit Enhancement Amount (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999.
Shared Amount Class B Amount ------------- -------------- $9,162,325.00 $5,497,395.00
4 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest.
Shared Amount Class B Amount ------------- -------------- 2.50% 33.33%
5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates.
Class A Class B ------------- ----------- 1.00000000 1.00000000
5 DISCOVER CARD MASTER TRUST Series 1994-2 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of October 14, 1994, for Series 1994-2, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended --------------------------------------------------------------------------- November 30, 1999 ----------------- 1. Class A Certificates (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates.
Total Interest Principal --------------- --------------- --------------- $ 47,238,114.16 $ 47,238,114.16 $ 0.00
(b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest.
Total Interest Principal --------------- --------------- --------------- $ 55.57425195 $ 55.57425195 $ 0.00000000
2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates.
Total Interest Principal --------------- --------------- --------------- $ 3,601,328.52 $ 3,601,328.52 $ 0.00
(b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest.
Total Interest Principal --------------- --------------- --------------- $ 80.50000045 $ 80.50000045 $ 0.00000000
6 Series 1994-2 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $ 5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $ 46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $ 165,010,365.96 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $ 1,520,701,737.72 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $ 8,685,085.06 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $ 80,040,405.79 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $ 1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of --------------------------------- Charge-Offs ----------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods.
Class A Class B ------------- ----------- $0.00 $0.00
7 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest.
Class A Class B ------------- ----------- 0.00000000 0.00000000
(c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses.
Class A Class B ------------- ----------- $0.00 $0.00
(d) The amount set forth in paragraph (c) above, per $1,000 interest.
Class A Class B ------------- ----------- 0.00000000 0.00000000
(e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999.
Class A Class B ------------- ----------- $0.00 $0.00
(f) The amount set forth in paragraph (e) above, per $1,000 interest.
Class A Class B ------------- ----------- 0.00000000 0.00000000
3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999.
Class A Class B -------------- ----------- $17,000,000.04 $894,740.04
4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999.
Shared Amount Class B Amount ------------- -------------- $0.00 $44,736,850.00
8 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest.
Shared Amount Class B Amount ------------- -------------- 0.00% 100.00%
5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates.
Class A Class B -------------- ----------- 1.00000000 1.00000000
9 DISCOVER CARD MASTER TRUST Series 1995-1 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of April 19, 1995, for Series 1995-1, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended --------------------------------------------------------------------------- November 30, 1999 ----------------- 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates.
Total Interest Principal --------------- --------------- --------------- $32,919,884.50 $32,919,884.50 $0.00
(b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest.
Total Interest Principal --------------- --------------- --------------- $54.86647417 $54.86647417 $0.00000000
2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates.
Total Interest Principal --------------- --------------- --------------- $ 1,786,909.17 $ 1,786,909.17 $0.00
(b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest.
Total Interest Principal --------------- --------------- --------------- $56.58536274 $56.58536274 $0.00000000
10 Series 1995-1 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $ 5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $ 46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $ 116,485,454.72 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $ 1,073,499,951.65 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $ 6,115,334.10 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $ 56,373,304.18 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $ 1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $ 11,364,040,241.18
2. Investor Losses: Reimbursement of Charge-Offs --------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods.
Class A Class B ------- ------- $0.00 $0.00
11 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $12,000,000.00 $631,580.04 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $37,894,740.00 12 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 120.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 13 DISCOVER CARD MASTER TRUST Series 1995-2 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of August 1, 1995, for Series 1995-2, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $32,750,000.04 $32,750,000.04 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $65.50000008 $65.50000008 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $1,776,330.00 $1,776,330.00 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $67.50000000 $67.50000000 $0.00000000 14 Series 1995-2 B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $97,090,646.37 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $894,743,101.99 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $5,102,122.87 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $47,026,600.07 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 15 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $9,999,999.96 $526,320.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $15,789,480.00 16 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 60.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 17 DISCOVER CARD MASTER TRUST Series 1995-3 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of September 28, 1995, for Series 1995-3, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $27,079,348.22 $27,079,348.22 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $54.15869644 $54.15869644 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $1,457,170.34 $1,457,170.34 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $55.37202994 $55.37202994 $0.00000000 18 Series 1995-3 B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $97,090,646.37 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $894,743,101.99 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $5,102,122.87 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $47,026,600.07 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 19 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $9,999,999.96 $526,320.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $31,578,960.00 20 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 120.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 21 DISCOVER CARD MASTER TRUST Series 1996-1 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of January 18, 1996, for Series 1996-1, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ------------------------------------------------------- $53,754,251.96 $53,754,251.96 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ------------------------------------------------------- $53.75425196 $53.75425196 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ------------------------------------------------------- $2,898,375.64 $2,898,375.64 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ------------------------------------------------------- $55.06869661 $55.06869661 $0.00000000 22 Series 1996-1 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $194,141,364.53 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,789,155,779.22 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $10,203,383.81 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $94,045,655.41 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 23 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $20,000,000.04 $1,052,640.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $57,894,760.00 24 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 110.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 25 DISCOVER CARD MASTER TRUST Series 1996-2 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of January 29, 1996, for Series 1996-2, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ------------------------------------------------------- $48,833,826.75 $48,833,826.75 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ------------------------------------------------------- $54.25980750 $54.25980750 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ------------------------------------------------------- $2,637,286.30 $2,637,286.30 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ------------------------------------------------------- $55.67536363 $55.67536363 $0.00000000 26 Series 1996-2 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $174,746,512.12 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,610,399,109.55 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $9,190,608.19 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $84,702,777.88 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 27 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $18,000,000.00 $947,379.96 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $56,842,140.00 28 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 120.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 29 DISCOVER CARD MASTER TRUST Series 1996-3 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of February 21, 1996, for Series 1996-3, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ------------------------------------------------------- $36,300,000.00 $36,300,000.00 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ------------------------------------------------------- $60.50000000 $60.50000000 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ------------------------------------------------------- $1,973,687.52 $1,973,687.52 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ------------------------------------------------------- $62.50000063 $62.50000063 $0.00000000 30 Series 1996-3 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $116,485,454.72 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,073,499,951.65 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was\ allocated in respect of the Class B Certificates. $6,115,334.10 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $56,373,304.18 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 31 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $12,000,000.00 $631,580.04 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $18,947,370.00 32 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 60.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 33 DISCOVER CARD MASTER TRUST Series 1996-4 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of April 30, 1996, for Series 1996-4, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended --------------------------------------------------------------------------- November 30, 1999 ----------------- 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $55,827,029.72 $55,827,029.72 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $55.82702972 $55.82702972 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $3,031,417.64 $3,031,417.64 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $57.59647439 $57.59647439 $0.00000000 34 Series 1996-4 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $194,141,364.53 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,789,155,779.22 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $10,203,383.81 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $94,045,655.41 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 35 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $20,000,000.04 $1,052,640.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $63,157,920.00 36 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 120.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 37 DISCOVER CARD MASTER TRUST Series 1997-1 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of August 26, 1997, for Series 1997-1, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended --------------------------------------------------------------------------- November 30, 1999 ----------------- 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $39,709,022.30 $39,709,022.30 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $52.94536307 $52.94536307 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $2,161,807.94 $2,161,807.94 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $54.76536302 $54.76536302 $0.00000000 38 Series 1997-1 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $145,616,023.94 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,341,949,937.04 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $7,672,318.73 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $70,697,354.15 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 39 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $15,000,000.00 $789,480.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $59,210,550.00 40 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 150.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 41 DISCOVER CARD MASTER TRUST Series 1997-2 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of October 15, 1997, for Series 1997-2, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended --------------------------------------------------------------------------- November 30, 1999 ----------------- 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $33,960,000.00 $33,960,000.00 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $67.92000000 $67.92000000 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $1,475,796.22 $1,475,796.22 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $56.07980772 $56.07980772 $0.00000000 42 Series 1997-2 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $97,090,646.37 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $894,743,101.99 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $5,102,122.87 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $47,026,600.07 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 43 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses. Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $9,999,999.96 $526,320.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $21,052,640.00 44 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 45 DISCOVER CARD MASTER TRUST Series 1997-3 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of October 23, 1997, for Series 1997-3, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended --------------------------------------------------------------------------- November 30, 1999 ----------------- 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $34,677,374.88 $34,677,374.88 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $53.34980751 $53.34980751 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $1,887,414.28 $1,887,414.28 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $55.16980737 $55.16980737 $0.00000000 46 Series 1997-3 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $126,182,477.41 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,162,874,387.69 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $6,658,661.54 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $61,346,809.84 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 47 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses. Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $12,999,999.96 $684,219.96 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $51,315,825.00 48 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 150.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 49 DISCOVER CARD MASTER TRUST Series 1997-4 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of October 31, 1997, for Series 1997-4, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $39,557,355.63 $39,557,355.63 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $52.74314084 $52.74314084 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $2,153,825.42 $2,153,825.42 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $54.56314080 $54.56314080 $0.00000000 50 Series 1997-4 B. Information Regarding the Performance of the Trust -------------------------------------------------- 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $145,616,023.94 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,341,949,937.04 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $7,672,318.73 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $70,697,354.15 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 51 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $15,000,000.00 $789,480.00 4. Available Credit Enhancement Amount ----------------------------------- ( a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $59,210,550.00 52 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 150.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 53 DISCOVER CARD MASTER TRUST Series 1998-1 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of January 14, 1998, for Series 1998-1, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $18,530,877.09 $18,530,877.09 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $52.94536311 $52.94536311 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $1,008,887.53 $1,008,887.53 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $54.76536370 $54.76536370 $0.000000 54 Series 1998-1 B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $67,958,843.01 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $626,281,571.49 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $3,582,567.01 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $33,009,100.56 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 55 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $6,999,999.96 $368,439.96 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $27,631,650.00 56 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 149.99% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 57 DISCOVER CARD MASTER TRUST Series 1998-2 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of March 4, 1998, for Series 1998-2, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $29,000,000.04 $29,000,000.04 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $58.00000008 $58.00000008 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $1,565,802.00 $1,565,802.00 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $59.50000000 $59.50000000 $0.00000000 58 Series 1998-2 B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $97,090,646.37 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $894,743,101.99 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $5,102,122.87 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $47,026,600.07 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 59 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $9,999,999.96 $526,320.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $21,052,640.00 60 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 61 DISCOVER CARD MASTER TRUST Series 1998-3 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of March 25, 1998, for Series 1998-3, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $39,974,438.98 $39,974,438.98 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $53.29925197 $53.29925197 $0.00000000 2. Class B Certificates (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal Total Interest Principal ---------------------------------------------------- $2,169,790.46 $2,169,790.46 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $54.96758525 $54.96758525 $0.00000000 62 Series 1998-3 B. Information Regarding the Performance of the Trust 1. Collections of Receivables [S] [C] (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $145,616,023.94 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,341,949,937.04 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $7,672,318.73 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $70,697,354.15 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 0.00 63 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $15,000,000.00 $789,480.00 4. Available Credit Enhancement Amount (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $59,210,550.00 64 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 150.00% 5. The Pool Factor The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 65 DISCOVER CARD MASTER TRUST Series 1998-4 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of April 9, 1998, for Series 1998-4, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $28,749,999.96 $28,749,999.96 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $57.49999992 $57.49999992 $0.00000000 2. Class B Certificates (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $1,552,644.00 $1,552,644.00 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $59.00000000 $59.00000000 $0.00000000 66 Series 1998-4 B. Information Regarding the Performance of the Trust 1. Collections of Receivables (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $97,090,646.37 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $894,743,101.99 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $5,102,122.87 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $47,026,600.07 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 67 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $9,999,999.96 $526,320.00 4. Available Credit Enhancement Amount (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $21,052,640.00 68 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 69 DISCOVER CARD MASTER TRUST Series 1998-6 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of July 30, 1998, for Series 1998-6, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $28,031,250.00 $28,031,250.00 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $56.06250000 $56.06250000 $0.00000000 2. Class B Certificates (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $1,525,779.75 $1,525,779.75 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $57.97916667 $57.97916667 $0.00000000 70 Series 1998-6 B. Information Regarding the Performance of the Trust 1. Collections of Receivables (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $97,090,646.37 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $894,743,101.99 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $5,102,122.87 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $47,026,600.07 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 71 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $9,999,999.96 $526,320.00 4. Available Credit Enhancement Amount (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $21,052,640.00 72 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 73 DISCOVER CARD MASTER TRUST Series 1998-7 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of November 12, 1998, for Series 1998-7, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $56,466,666.70 $56,466,666.70 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $56.46666670 $56.46666670 $0.00000000 2. Class B Certificates (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $3,131,165.40 $3,131,165.40 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $59.49166667 $59.49166667 $0.00000000 74 Series 1998-7 B. Information Regarding the Performance of the Trust 1. Collections of Receivables (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $194,141,364.53 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $1,789,155,779.22 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $10,203,383.81 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $94,045,655.41 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 75 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $20,000,000.04 $1,052,640.00 4. Available Credit Enhancement Amount (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $42,105,280.00 76 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 77 DISCOVER CARD MASTER TRUST Series 1999-1 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of February 9, 1999, for Series 1999-1, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $13,691,666.65 $13,691,666.65 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $27.38333330 $27.38333330 $0.00000000 2. Class B Certificates (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $754,611.30 $754,611.30 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $28.67500000 $28.67500000 $0.00000000 78 Series 1999-1 B. Information Regarding the Performance of the Trust 1. Collections of Receivables (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $73,220,265.27 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $677,797,809.70 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $3,853,992.80 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $35,676,208.85 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 79 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $7,499,999.97 $394,740.00 4. Available Credit Enhancement Amount (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $21,052,640.00 80 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 81 DISCOVER CARD MASTER TRUST Series 1999-2 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of March 10, 1999, for Series 1999-2, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $17,618,055.54 $17,618,055.54 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $35.23611108 $35.23611108 $0.00000000 2. Class B Certificates (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ----------------------------------------------------- $958,706.50 $958,706.50 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $36.43055556 $36.43055556 $0.00000000 82 Series 1999-2 B. Information Regarding the Performance of the Trust 1. Collections of Receivables (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $64,988,167.09 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $610,219,118.10 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $3,420,630.80 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $32,118,666.66 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 83 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $6,666,666.64 $350,880.00 4. Available Credit Enhancement Amount (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $21,052,640.00 84 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 85 DISCOVER CARD MASTER TRUST Series 1999-3 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of April 6, 1999, for Series 1999-3, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal Total Interest Principal ---------------------------------------------------- $16,271,785.27 $16,271,785.27 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $32.54357054 $32.54357054 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal ---------------------------------------------------- $889,019.21 $889,019.21 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal ---------------------------------------------------- $33.78245972 $ 33.78245972 $0.00000000 86 Series 1999-3 B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $56,786,763.82 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $529,390,079.76 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $2,989,001.08 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $27,864,734.28 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 87 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $5,833,333.31 $307,020.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $39,473,700.00 88 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 150.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 89 DISCOVER CARD MASTER TRUST Series 1999-4 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of April 27, 1999, for Series 1999-4, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $26,413,749.98 $26,413,749.98 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $31.07499998 $31.07499998 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $1,439,413.01 $1,439,413.01 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $32.17500078 $32.17500078 $0.00000000 90 Series 1999-4 B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $96,536,618.51 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $899,955,217.82 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $5,081,308.71 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $47,370,071.58 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 91 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $9,916,666.69 $521,931.69 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $35,789,480.00 92 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 80.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 93 DISCOVER CARD MASTER TRUST Series 1999-5 Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of June 15, 1999, for Series 1999-5, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $11,527,517.36 $11,527,517.36 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $23.05503472 $23.05503472 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $632,440.19 $632,440.19 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $24.03253496 $24.03253496 $0.00000000 94 Series 1999-5 B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $40,870,308.78 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $383,657,510.99 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $2,151,259.87 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $20,194,194.12 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 95 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $4,166,666.65 $219,300.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $0.00 $39,473,700.00 96 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 0.00% 150.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 1.00000000 97 DISCOVER CARD MASTER TRUST Series 1994-A Credit Card Pass - Through Certificates Distribution and Performance Annual Aggregate Report - 1999 Pursuant to the Series Supplement dated as of December 20, 1994, for Series 1994-A, and relating to the Pooling and Servicing Agreement dated as of October 1, 1993 (the "Agreement") by and between Greenwood Trust Company (the "Servicer"), and U.S. Bank National Association, as Trustee, the Servicer is required to prepare certain information each month regarding current distributions to Investor Certificateholders and the performance of the Trust during the previous month. For purposes of filing Form 10-K, certain information is required to be prepared with respect to such Distribution Dates occurring during the fiscal year ended November 30, 1999. The information which is required to be prepared with respect to such Distribution Dates related to the period mentioned above is set forth below. Certain of the information is presented on the basis of an original principal amount of $1000 per Investor Certificate. Certain other information is presented based upon the aggregate amounts for the Trust as a whole. A. Information Regarding the Aggregate Distributions for the Fiscal Year Ended November 30, 1999 1. Class A Certificates -------------------- (a) The amount of distribution to Class A Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $137,329,493.21 $137,329,493.21 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $53.85470322 $53.85470322 $0.00000000 2. Class B Certificates -------------------- (a) The amount of distribution to Class B Certificateholders on the related Distribution Dates. Total Interest Principal --------------------------------------------------- $0.00 $0.00 $0.00 (b) The amount of the distribution set forth in paragraph (a) above, per $1,000 interest. Total Interest Principal --------------------------------------------------- $0.00000000 $0.00000000 $0.00000000 98 Series 1994-A B. Information Regarding the Performance of the Trust 1. Collections of Receivables -------------------------- (a) The aggregate amount of Finance Charge Collections processed during the related Due Periods. $5,072,424,985.16 (b) The aggregate amount of Principal Collections processed during the related Due Periods. $46,819,203,364.03 (c) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $495,108,946.45 (d) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class A Certificates. $4,562,747,637.21 (e) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $0.00 (f) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Class B Certificates. $0.00 (g) The aggregate amount of Finance Charge Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $1,228,379,356.88 (h) The aggregate amount of Principal Collections processed during the related Due Periods which was allocated in respect of the Seller Certificate. $11,364,040,241.18 2. Investor Losses: Reimbursement of Charge-Offs ---------------------------------------------- (a) The aggregate amount of Class A and Class B Investor Losses, as defined in the Agreement, during the related Due Periods. Class A Class B ------- ------- $0.00 $0.00 99 (b) The amount of Class A and Class B Investor Losses set forth in paragraph (a) above, per $1,000 interest Class A Class B ------- ------- 0.00000000 0.00000000 (c) The total amount reimbursed to the Trust in the current year pursuant to the Agreement, if any, in respect of Class A and Class B Investor Losses Class A Class B ------- ------- $0.00 $0.00 (d) The amount set forth in paragraph (c)above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 (e) The aggregate amount of unreimbursed Class A and Class B Investor Losses in the Trust as of the end of the year ended November 30, 1999. Class A Class B ------- ------- $0.00 $0.00 (f) The amount set forth in paragraph (e) above, per $1,000 interest. Class A Class B ------- ------- 0.00000000 0.00000000 3. Investor Servicing Fee ---------------------- (a) The amount of Class A and Class B Monthly Servicing Fee payable by Trust to the Servicer for the year ended November 30, 1999. Class A Class B ------- ------- $51,000,000.00 $0.00 4. Available Credit Enhancement Amount ----------------------------------- (a) The Amount available to be drawn from both the shared and Class B portion of the Credit Enhancement in accordance with the Pooling and Servicing Agreement and its respective Series Supplement as of the Distribution Date prior to November 30, 1999. Shared Amount Class B Amount ------------- -------------- $204,000,000.00 $0.00 100 (b) The amount set forth in paragraph (a) above as a percentage of the Series Investor Interest and the Class B Investor Interest. Shared Amount Class B Amount ------------- -------------- 8.00% 0.00% 5. The Pool Factor --------------- The Pool Factor represents the ratio of the amount of the Investor Interest as of the Distribution Date prior to November 30, 1999, to the amount of the Investor Interest as of the Closing Date. The amount of a Certificateholder's pro-rata share of the Investor Interest can be determined by multiplying the original denomination of the Certificateholder's Certificate by the Pool Factor. (a) Class A and Class B Certificates. Class A Class B ------- ------- 1.00000000 0.00000000 EX-99.(B) 4 ANNUAL INDEPENDENT ACCOUNTANTS' REPORTS 1 EXHIBIT 99(B) INDEPENDENT ACCOUNTANTS' REPORT The Board of Directors Greenwood Trust Company and U.S. Bank National Association: We have examined management's assertion, included in the accompanying "Management's Report on Internal Control Related to Servicing Procedures," that Greenwood Trust Company ("GTC") maintained effective internal control over financial reporting as of November 30, 1999, insofar as such internal control relates to the servicing procedures provided by GTC to prevent or detect misstatements due to error or fraud in amounts that would be material in relation to the assets of the Discover Card Master Trust I, Series: 1993-1, 1993-2, 1993-3, 1994-2, 1994-3, 1994-A, 1995-1, 1995-2, 1995-3, 1996-1, 1996-2, 1996-3, 1996-4, 1996-5, 1997-1, 1997-2, 1997-3, 1997-4, 1998-1, 1998-2, 1998-3, 1998-4, 1998-5, 1998-6, 1998-7, 1999-1, 1999-2, 1999-3, 1999-4 and 1999-5 (the "Trust") under Sections 3.03, 4.03, 4.04, 4.05, and 8.07 of the Pooling and Servicing Agreement, dated October 1, 1993, as amended; and Sections 9, 13 and 14 of the Series Supplements, dated October 27, December 1, and November 23, 1993; October 14, October 20, and December 20, 1994; and April 19, August 1, and September 28, 1995; January 18, January 29, February 21, April 30 and July 24, 1996; and August 26, October 15, October 23, and October 31, 1997; January 14, March 4, March 25, April 9, June 12, July 30 and November 12, 1998; February 9, March 10, April 6, April 27 and June 15, 1999, respectively, as amended (the "Agreement"). Management is responsible for maintaining effective internal control over financial reporting. 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 internal control over financial reporting, testing, and evaluating the design and operating effectiveness of internal control, 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 internal control over financial reporting to future periods are subject to the risk that the internal control may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 2 In our opinion, management's assertion that GTC maintained effective internal control over financial reporting as of November 30, 1999, insofar as such internal control relates to the servicing procedures provided by GTC, to prevent or detect misstatements due to error or fraud in amounts that would be material in relation to the assets of the Trust under the Agreement, taken as a whole, is fairly stated, in all material respects, based on the criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. This report is intended solely for the information and use of the Board of Directors and management of GTC, U.S. Bank National Association as Trustee, and the Investor Certificateholders, and is not intended to be and should not be used by anyone other than these specified parties. /s/ Deloitte & Touche, LLP -------------------------- January 21, 2000 EX-99.(C) 5 MANAGEMENT'S REPORT 1 EXHIBIT 99(C) January 20, 2000 MANAGEMENT'S REPORT ON INTERNAL CONTROL RELATED TO SERVICING PROCEDURES The management of Greenwood Trust Company (the "Company") is responsible for establishing and maintaining effective internal control over financial reporting of the Company in effect at November 30, 1999, insofar as it relates to the servicing procedures provided by the Company under the relevant sections of the Pooling and Servicing Agreement, dated as of October 1, 1993, between the Company and U.S. Bank National Association, for the Discover Card Master Trust I, as amended and as supplemented by the Series Supplements for each series currently outstanding, (collectively, the "Pooling and Servicing Agreement"). The internal control contains monitoring mechanisms, and actions are taken to correct deficiencies identified. There are inherent limitations in the effectiveness of any internal control, including the possibility of human error and the circumvention or overriding of controls. Accordingly, even effective internal control can provide only reasonable assurance with respect to financial reporting. Further, because of changes in conditions, the effectiveness of internal control may vary over time. Management has assessed the Company's internal control over financial reporting insofar as it relates to the servicing procedures provided by the Company under the relevant sections of the Pooling and Servicing Agreement as of November 30, 1999. This assessment was based on criteria for effective internal control over financial reporting described in "Internal Control-Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on management's assessment, the Company maintained effective internal control over financial reporting insofar as it relates to the servicing procedures provided by the Company under the relevant sections of the Pooling and Servicing Agreement as of November 30, 1999. Signed, /s/ J. Nathan Hill - ---------------------------------------------------- J. Nathan Hill President /s/ John J. Coane - ---------------------------------------------------- John J. Coane Vice President, Chief Accounting Officer & Treasurer EX-99.(D) 6 DESCRIPTION OF RECENT DEVELOPMENTS 1 EXHIBIT 99 (D) DESCRIPTION OF RECENT DEVELOPMENTS Following the 1999 merger of Cedel International and Deutsche Borse Clearing, creating the world's largest provider of clearing and settlement products and services, the merged entities changed their name to Clearstream International and launched that new corporate brand on January 19, 2000. Clearstream International currently has 7 trillion euros in assets under custody and handles in excess of 80 million transactions per annum. Its shareholders consist of the world's major financial institutions. Clearstream International has two divisions - Clearstream Banking and Clearstream Services. Clearstream Banking contains the core clearing and settlement business. Clearstream Banking in Luxembourg is assigned short and long-term ratings of A1+ and AA+ respectively by Standard and Poor's and F1 and AA+ respectively by Fitch IBCA. THE ACCOUNTS The Receivables in the Accounts as of February 1, 2000 totaled $28,798,141,352.66. The Accounts had an average balance of $1,086 and an average credit limit of $6,486 as of February 1, 2000. COMPOSITION OF THE ACCOUNTS We have set forth information below about the Accounts that are part of the Trust. Geographic Distribution. As of February 1, 2000, the following five states had the largest Receivables balances: STATE PERCENTAGE OF TOTAL RECEIVABLES BALANCE IN THE ACCOUNTS California..................... 11.1% Texas.......................... 9.3% New York....................... 6.7% Florida........................ 6.0% Illinois....................... 5.1% 2 Credit Limit Information. As of February 1, 2000, the Accounts had the following credit limits:
RECEIVABLES PERCENTAGE OF OUTSTANDING TOTAL RECEIVABLES CREDIT LIMIT (000)'S OUTSTANDING Less than or equal to $1,000.00.............. $ 358,686 1.2% $1,000.01 to $2,000.00....................... $ 1,832,978 6.4% $2,000.01 to $3,000.00 $ 2,177,895 7.6% Over $3,000.00............................... $ 24,428,582 84.8% ---------- ----- Total............................... $ 28,798,141 100.0% ========== ======
Seasoning. As of February 1, 2000, 95.6% of the Accounts were at least 24 months old. The ages of the Accounts as of February 1, 2000 were distributed as follows:
PERCENTAGE PERCENTAGE AGE OF ACCOUNTS OF ACCOUNTS OF BALANCES --------------- ----------- ----------- Less than 12 Months......................... 0.0% 0.0% 12 to 23 Months............................. 4.4% 2.3% 24 to 35 Months............................. 7.5% 7.2% 36 Months and Greater....................... 88.1% 90.5% ------ ------ Total.............................. 100.0% 100.0% ====== ======
3 Summary Current Delinquency Information. As of February 1, 2000, the Accounts had the following delinquency statuses:
AGGREGATE BALANCES PERCENTAGE PAYMENT STATUS (000'S) OF BALANCES -------------- ------- ----------- Current......................................... $ 24,862,002 86.3% 1 to 29 Days.................................... $ 1,883,184 6.5% 30 to 59 Days................................... $ 756,874 2.6% 60 to 89 Days................................... $ 474,815 1.7% 90 to 119 Days.................................. $ 332,398 1.2% 120 to 149 Days................................. $ 270,684 0.9% 150 to 179 Days................................. $ 218,184 0.8% ------------- -------- Total....................................... $ 28,798,141 100.0% ============= ========
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