-----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, WuE8T7i+Pnttrs9RlNEnjpIk8AOa2Ua63rEhkZXkthE6k1sTH0LDo0BcPP9cQCFW O7NMuUMvYhaVU0awgJU8iQ== 0000949349-99-000010.txt : 19990616 0000949349-99-000010.hdr.sgml : 19990616 ACCESSION NUMBER: 0000949349-99-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19990615 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990615 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP CENTRAL INDEX KEY: 0000887617 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133632012 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-21424 FILM NUMBER: 99646822 BUSINESS ADDRESS: STREET 1: AMERICAN EXPRESS TWR - WORLD FIN'L CNTR STREET 2: 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2126403975 MAIL ADDRESS: STREET 1: AMERICAN EXPRESS TWR STREET 2: WORLD FINANCIAL CTR 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CENTURION BANK CENTRAL INDEX KEY: 0000949348 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 112869526 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20787-01 FILM NUMBER: 99646823 BUSINESS ADDRESS: STREET 1: 6985 UNION PARK CENTER CITY: MIVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 8015655000 MAIL ADDRESS: STREET 1: 6985 UNION PARK CENTER CITY: MIDVALE STATE: UT ZIP: 84047 8-K 1 RFC-8K =========================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 15, 1999 American Express Master Trust (Issuer in respect of the 6.60% Class A Accounts Receivable Trust Certificates, Series 1992-2, 5.375% Class A Accounts Receivable Trust Certificates, Series 1993-1, 7.60% Class A Accounts Receivable Trust Certificates, Series 1994-2, 7.85% Class A Accounts Receivable Trust Certificates, Series 1994-3, Class A Floating Rate Accounts Receivable Trust Certificates, Series 1996-1, Class A Floating Rate Accounts Receivable Trust Certificates, Series 1996-2 and 5.90% Class A Accounts Receivable Trust Certificates, Series 1998-1 ------------------------------------------------------------------- American Express Receivables Financing Corporation Co-Originator of the Trust and a Transferor ------------------------------------------- (Exact name of registrant as specified in its charter) 33-47812 33-49106 33-67502 33-81634 333-51045 Delaware 000-21424 13-3632012 - --------------------------- --------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Numbers) Identification No.) 200 Vesey Street, New York, New York 10285 - -------------------------------------- -------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 640-3975 -------------- American Express Centurion Bank Co-Originator of the Trust and a Transferor ------------------------------------------- (Exact name of registrant as specified in its charter) Utah 000-21424-01 11-2869526 - ---------------------------- ------------ ------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Numbers) Identification No.) 6985 Union Park Center, Midvale, Utah 84047 - --------------------------------------- ------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (801) 565-5000 -------------- =========================================================================== Item 5. Other Events Information concerning the American Express Master Trust is contained in the Monthly Servicer's Certificate dated June 7, 1999 for the Distribution Date occurring on June 15, 1999 and the preceding Due Period from April 28, 1999 through May 27, 1999 provided to The Bank of New York, as Trustee under the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended (the "Agreement"), for the American Express Master Trust. Such Monthly Servicer's Certificate is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Information concerning interest distributions made on the Class A Certificates, Series 1996-1, 1996-2 and 1998-1 occurring on June 15, 1999, is contained in the Payment Date Statements provided to the holders of such Class A Certificates. Information concerning interest distributions made on the Class B Certificates, Series 1992-2, 1993-1, 1994-2, 1994-3, 1996-1, 1996-2 and 1998-1 occurring on June 15, 1999, is contained in the Payment Date Statements provided to the holder of such Class B Certificates. Such Payment Date Statements are attached hereto as Exhibits 20.1 and 20.2, respectively, and incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits Exhibit No. Description - ----------- ----------- Exhibit 20.1 Payment Date Statements relating to interest dis- tributions on the Class A Certificates, Series 1996-1, 1996-2 and 1998-1, occurring on June 15, 1999. Exhibit 20.2 Payment Date Statements relating to interest dis- tributions on the Class B Certificates, Series 1992-2, 1993-1, 1994-2, 1994-3, 1996-1, 1996-2 and 1998-1, occurring on June 15, 1999. Exhibit 99.1 Monthly Servicer's Certificate dated June 7, 1999 for the Distribution Date occurring on June 15, 1999 and the preceding Due Period from April 28, 1999 through May 27, 1999 provided to The Bank of New York, as Trustee under the Agreement for the American Express Master Trust. SIGNATURES ---------- Pursuant to the requirements 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 on the date indicated. Dated: June 15, 1999 AMERICAN EXPRESS MASTER TRUST AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION, Transferor By: /s/ Leslie R. Scharfstein ------------------------- Name: Leslie R. Scharfstein Title: President AMERICAN EXPRESS CENTURION BANK, Transferor By: /s/ Rhonda Halpern ---------------------------- Name: Rhonda Halpern Title: Chief Financial Officer and Treasurer EXHIBIT INDEX ------------- Designation Description Page - ---------- ----------- ---- Exhibit 20.1 Payment Date Statements relating to interest 5 distributions on the Class A Certificates, Series 1996-1, 1996-2 and 1998-1, occurring on June 15, 1999. Exhibit 20.2 Payment Date Statements relating to interest 12 distributions on the Class B Certificates, Series 1992-2, 1993-1, 1994-2, 1994-3, 1996-1, 1996-2 and 1998-1 occurring on June 15, 1999. Exhibit 99.1 Monthly Servicer's Certificate dated June 7, 27 1999 for the Distribution Date occurring on June 15, 1999 and the preceding Due Period from April 28, 1999 through May 27, 1999 provided to The Bank of New York, as Trustee under the Agreement for the American Express Master Trust. EX-20 2 Exhibit 20.1 Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class A Accounts Receivable Trust Certificates The undersigned a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1996-1 Supplement, dated as of September 9, 1996 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalize terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ------------ Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class A Certificate holders. (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class A distributions $ 3,866,565.97 ---------------- 2. Class A principal distributions $ 0 ---------------- 3. Class A interest distributions $ 3,866,565.97 ---------------- 4. Excess of Class A principal balance over Class A Invested Amount as of the Record Date $ 0 ---------------- 5. Class A Invested Amount as of the Record Date/ Class A Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 950,000,000.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman --------------------------------- Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------ Class A Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1996-2 Supplement, dated as of September 9, 1996 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ------------- Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class A Certificate holders. (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class A distributions $ 1,213,770.83 ---------------- 2. Class A principal distributions $ 0 ---------------- 3. Class A interest distributions $ 1,213,770.83 ---------------- 4. Excess of Class A principal balance over Class A Invested Amount as of the Record Date $ 0 ---------------- 5. Class A Invested Amount as of the Record Date/ Class A Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 300,000,000.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman --------------------------------- Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------ Class A Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Maste Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1998-1 Supplement, dated as of May 27, 1998 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ------------ Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class A Certificate holders. (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class A distributions $ 4,916,666.67 ---------------- 2. Class A principal distributions $ 0 ---------------- 3. Class A interest distributions $ 4,916,666.67 ---------------- 4. Excess of Class A principal balance over Class A Invested Amount as of the Record Date $ 0 ---------------- 5. Class A Invested Amount as of the Record Date/ Class A Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $1,000,000,000.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman --------------------------------- Name: Title: Exhibit 20.2 Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class B Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1992-2 Supplement, dated as of August 3, 1992 (as amended and supplemented, the "Agreement"), among American Express R eceivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ------------- Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class B Certificate holders. (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class B distributions $ 164,903.00 ---------------- 2. Class B principal distributions $ 0 ---------------- 3. Class B interest distributions $ 164,903.00 ---------------- 4. Excess of Class B principal balance over Class B Invested Amount as of the Record Date $ 0 ---------------- 5. Class B Invested Amount as of the Record Date/ Class B Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 29,100,529.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman ---------------------------- Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class B Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1993-1 Supplement, dated as of September 9, 1993 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. --------------- Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class B Certificate holders. (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class B distributions $ 160,052.91 ---------------- 2. Class B principal distributions $ 0 ---------------- 3. Class B interest distributions $ 160,052.91 ---------------- 4. Excess of Class B principal balance over Class B Invested Amount as of the Record Date $ 0 ---------------- 5. Class B Invested Amount as of the Record Date/ Class B Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 34,920,635.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman ------------------------------ Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class B Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1994-2 Supplement, dated as of September 1, 1994 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC") and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. --------------- Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class B Certificate holders. (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class B distributions $ 112,764.55 ---------------- 2. Class B principal distributions $ 0 ---------------- 3. Class B interest distributions $ 112,764.55 ---------------- 4. Excess of Class B principal balance over Class B Invested Amount as of the Record Date $ 0 5. Class B Invested Amount as of the Record Date/ Class B Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 17,460,317.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman ------------------------------ Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class B Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1994-3 Supplement, dated as of September 1, 1994 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), an American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ------------- Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class B Certificate holders (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class B distributions $ 115,674.60 ---------------- 2. Class B principal distributions $ 0 ---------------- 3. Class B interest distributions $ 115,674.60 ---------------- 4. Excess of Class B principal balance over Class B Invested Amount as of the Record Date $ 0 ---------------- 5. Class B Invested Amount as of the Record Date/ Class B Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 17,460,317.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman ----------------------------- Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class B Accounts Receivable Trust Certificates Th e undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1996-1 Supplement, dated as of September 9, 1996 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ------------- Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class B Certificate holders (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class B distributions $ 468,581.08 ---------------- 2. Class B principal distributions $ 0 ---------------- 3. Class B interest distributions $ 468,581.08 ---------------- 4. Excess of Class B principal balance over Class B Invested Amount as of the Record Date $ 0 ---------------- 5. Class B Invested Amount as of the Record Date/ Class B Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 77,027,027.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman ----------------------------- Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class B Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as of June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1996-2 Supplement, dated as of September 9, 1996 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ------------- Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class B Certificate holders (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class B distributions $ 143,918.92 ---------------- 2. Class B principal distributions $ 0 ---------------- 3. Class B interest distributions $ 143,918.92 ---------------- 4. Excess of Class B principal balance over Class B Invested Amount as of the Record Date $ 0 ---------------- 5. Class B Invested Amount as of the Record Date/ Class B Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 24,324,324.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman ----------------------------- Name: Title: Payment Date Statement American Express Travel Related Services Company, Inc. ------------------------------------- American Express Master Trust ------------------------------------- Class B Accounts Receivable Trust Certificates The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement, dated as o f June 30, 1992, as amended by the Amended and Restated Pooling and Servicing Agreement dated May 1, 1998 and as supplemented by the Series 1998-1 Supplement, dated as of May 27, 1998 (as amended and supplemented, the "Agreement"), among American Express Receivables Financing Corporation ("RFC"), and American Express Centurion Bank as Transferors, TRS, as Servicer, and the Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Payment Date Statement have their respective meanings as set forth in the Agreement. This Payment Date Statement is delivered pursuant to Section 5.02 of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is Servicing Officer. 4. The "Record Date" referred to herein is May 31, 1999. ____________________________ Information Regarding the Current Interest Payment Date, Special Payment Date or Expected Final Payment Date to Class B Certificate holders (Also, stated on the Basis of $1,000 Original Certificate Principal Amount). 1. Total Class B distributions $ 293,430.33 ---------------- 2. Class B principal distributions $ 0 ---------------- 3. Class B interest distributions $ 293,430.33 ---------------- 4. Excess of Class B principal balance over Class B Invested Amount as of the Record Date $ 0 ---------------- 5. Class B Invested Amount as of the Record Date/ Class B Initial Invested Amount (determined after taking into account any increase or decrease in the Invested Amount which will occur upon the current distribution) $ 58,201,058.00 ---------------- Attached hereto is the Monthly Servicer's Certificate for the related Due Period. IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement to be duly executed and delivered by its respective duly authorized officer on this 7th day of June, 1999. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. as Servicer By: \s\ Jay Stevelman ----------------------------- Name: Title: EX-99 3 Exhibit 99.1 Monthly Servicer's Certificate American Express Travel Related Services Company, Inc. ---------------------------------------------- American Express Master Trust ---------------------------------------------- The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to the Master Pooling and Servicing Agreement dated as of June 30, 1992 (as Amended, the "Agreement"), as supplemented by the Series Supplements, amongst TRS, American Express Receivables Financing Corporation ("RFC"), American Express Centurion Bank ("AECB") as Transferor, and The Bank of New York, as Trustee, does hereby certify the information set forth below. 1. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or Series Supplement as applicable; provided, that the "preceding Due Period" shall mean the Due Period immediately preceding the calendar month in which this Certificate is delivered. This certificate is delivered pursuant to subsection 3.04 (c) of the Agreement. References herein to certain sections and subsections are references to the respective sections and subsections in the Agreement. 2. TRS is Servicer under the Agreement. 3. The undersigned is a Servicing Officer. 4. This Certificate relates to the Distribution Date occurring on June 15, and the related Due Period from April 28 through May 27, 1999. A. Information Regarding the American Express Master Trust 1. Trust Principal Component as of the end of the preceding Due Period..... $5,643,360,442.09 2. Aggregate Invested Amounts as of the end of the preceding Due Period..... $3,929,393,678.00 3. Transferor Amount as of the end of the preceding Due Period..... $1,713,966,764.09 4.(a) Transferor Percentage as of the end of the second preceding Due Period..... 25.8886% 4.(b) Transferor Percentage as of the end of the preceding Due Period..... 30.3714% 5. Aggregate Excess Principal Collections for the preceding Due Period..... $3,077,809,502.87 6. Aggregate Principal Shortfalls for the preceding Due Period..... $0.00 Monthly Servicer's Certificate American Express Travel Related Services Company, Inc. B. Information Regarding Performance of the American Express Master Trust Receivable Pool 1. The aggregate Receivable balance as of (a) the beginning of the preceding Due Period was equal to.......... $5,854,234,303.72 (b) the end of the preceding Due Period was equal to.......... $5,817,897,362.98 2. The Yield Factor in effect for the preceding Due Period 3.0000% 3. The aggregate amount of billed Receivables as of the beginning of the preceding $5,479,029,803.29 Due Period was equal to.......... 4.(a) The aggregate amount of Collections on Receivables, exclusive of recoveries for the preceding Due Period was equal to.......... $4,658,938,948.41 4.(b) The aggregate balance of Receivables deposited to the Collection Account pursuant to Sections 2.04(d) and 3.03 of the Agreement for the preceding Due Period was equal to.......... $0.00 5. The aggregate amount of Principal Collections for the preceding Due Period was equal to.......... $4,519,170,779.96 6. The aggregate amount of Yield Collections for the preceding Due Period was equal to.......... $139,768,168.45 7. Gross Losses [The aggregate amount of Receivables for all Accounts which became Defaulted Accounts during the preceding Due Period] was equal to.......... $16,555,686.53 8. The aggregate amount of Recoveries for the preceding Due Period was equal to.......... $5,858,205.82 9.(a) Net Losses [Gross Losses, less Recoveries] for the preceding Due Period was equal to.......... $10,697,480.71 9.(b) The Default Amount [Net Losses, times (1 minus the Yield Factor)] for the preceding Due Period was equal to.......... $10,376,556.28 10. Delinquent Balances The aggregate amount of outstanding balances in the Accounts that were delinquent as of such Accounts' cycle billing date occurring during the preceding Due Period: Aggregate Balance ----------------- (a) 30-59 Days $63,508,169.43 (b) 60-89 Days $24,789,200.85 (c) 90-119 Days $22,468,164.89 (d) 120 days or more $78,233,883.52 Total $188,999,418.69 Monthly Servicer's Certificate American Express Travel Related Services Company, Inc. C. Information Regarding Performance of the American Express Master Trust Receivable Pool (Percentage Basis) 1. The aggregate amount of Charge Volume and Fees for the preceding Due Period..... $4,639,157,694.20 2. Computed yield as a percentage of Charge Volume and Fees [Yield Collections for the preceding Due Period divided by the aggregate amount of Charge Volume and Fees for the preceding Due Period]..... 3.0128% 3. Gross Losses as a Percentage of Charge Volume and Fees [Gross Losses, divided by the aggregate amount of Charge Volume and Fees for the preceding Due Period]...... 0.3569% 4. Recovery rate [Recoveries, divided by the aggregate amount of Charge Volume and Fees for the preceding Due Period]..... 0.1263% 5. Net Losses as a Percentage of Charge Volume and Fees [Net Losses, divided by the aggregate amount of Charge Volume and Fees for the preceding Due Period]...... 0.2306% Computed Net Yield as a Percentage of Charge Volume and Fees 6. [Yield Collections less Net Losses, divided by the aggregate amount of Charge Volume and Fees for the preceding Due Period]..... 2.7822% 7. Average Monthly Payment rate for the Due Period [Collections on Receivables, excluding Recoveries for the preceding Due Period, divided by the aggregate amount of billed Receivables as of the beginning of the preceding Due Period]..... 85.0322% 8. Receivable turnover rate Charge Volume and Fees for the previous twelve Due Periods divided by the arithmetic average of month-end Receivable balances for the previous twelve Due Periods, including the Receivable balance at the beginning of such twelve month period 9.3620% 9. Delinquency rates [The aggregate amount of outstanding balances in the Accounts that were delinquent as of such Accounts' cycle billing date occurring during the preceding Due Period, divided by the aggregate amount of outstanding balances for all Accounts as of such Accounts' cycle billing date occurring during the preceding Due Period]: (a) 30-59 Days 1.1409% (b) 60-89 Days 0.4036% (c) 90-119 Days 0.4453% (d) 120 or More Days 1.4055% Monthly Servicer's Certificate American Express Travel Related Services Company, Inc. D. Information Regarding the Privileged Assets Program 1. Estimated Trust Privileged Assets Billed Amounts for the second preceding Due Period........... $19,058,677.00 2. Privileged Assets Applied Dilution Factor for the second preceding Due Period........... 23.22650% 3. Privileged Assets Calculated Amount for the preceding Due Period........... $4,293,863.00 4. Trust Principal Component as of the end of the preceding Due Period(reduced by the Privileged Assets Calculated Amount for the preceding Due Period)......... $5,639,066,579.00 5. Minimum Trust Principal Component........ $4,525,500,000.00 6. Transferor Amount(reduced by the Privileged Assets Calculated Amount for the preceding Due Period)as of the end of the preceding Due Period........ $1,709,672,901.00 7. The Trust Principal Component as of the end of the preceding Due Period(reduced by the privileged Assets Calculated Amount for the preceding Due Period)[Item 4]was not less than the Minimum Trust Principal Component [Item 5]. Yes 8. Transferor Amount(reduced by the Privileged Assets Calculated Amount for the preceding Due Period)[Item 6]as a percentage of the Trust Principal Component(reduced by the Privileged Assets Calculated Amount for the preceding Due Period) [Item 4]. 30.32% 9. The Transferor Amount(reduced by the Privileged Assets Calculated Amount for the preceding Due Period)[Item 6] was not less than 3.0% of the Trust Principal Component(reduced by the Privileged Assets Calculated Amount for the preceding Due Period) [Item 4].......... Yes Page 4 Monthly Servicer's Certificate American Express Travel Related Services Company, Inc. 10. Estimated Trust Privileged Assets Billed Amounts for the second preceding Due Period [Item 1]as a percentage of Trust Principal Component for the preceding Due Period(as reduced)[Item 4]............. 0.3380% 11. Item 10 does not exceed 1% at the same time as Item 8 is less than 17%. Yes 12. Average of the Privileged Assets Monthly Payment Rates for the 6 month period ending on the last day of the second preceding Due Period. 94.7690% 13. Trust Average Monthly Payment Rate for the preceding Due Period. 81.1220% 14. 110% of Item 13......... 89.2342% 15. Item 12 is not less than Item 14 at the same time as Item 8 is less than 17%. Yes IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June, 1999. American Express Travel Related Services Company, Inc. Servicer, By: /s/Lawrence Fazzari ----------------- Name: Lawrence Fazzari Title: Vice President Business Results ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1992-2 ----------------------------------------------------- Schedule - to Monthly Servicer's Certificate with respect to the Series 1992-2 Certificates A. Information Regarding American Express Master Trust Series 1992-2 Allocation Percentages 1. Floating Allocation Percentage as of the end of the second preceding Due Period..... 9.3174% 2. Fixed Allocation Percentage..... 9.3174% 3.(a) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Yield Collections..... $0.00 3.(b) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Principal Collections..... $0.00 4. The amount of Yield Collections allocable to Series 1992-2 [Floating Allocation Percentage, times Yield Collections]..... $13,022,807.94 5. The amount of Principal Collections allocable to Series 1992-2 (a) During the Revolving Period [Floating Allocation Percentage, times Principal Collections], treated as Excess Principal Collections.... $0.00 (b) During the Accumulation Period or an Amortization Period [Fixed Allocation Percentage, times Principal Collections]..... $421,070,790.02 6. The Investor Default Amount allocable to Series 1992-2 [Floating Allocation Percentage, times Default Amount].... $966,828.87 B. Information Regarding the Application of Funds on Deposit in the Collection Account for the Series 1992-2 Certificates, pursuant to Section 4.08 of the Series Supplement 1. Class A Monthly Interest 6.6000% $2,750,000.00 2. Class B Monthly Interest $164,903.00 3. Investor Monthly Servicing Fee $881,834.21 4. Reimbursement of Class A Investor Charge offs $0.00 5. Investor Default Amount $966,828.87 6. Unpaid Class B Interest $0.00 7. Reimbursement of Class B Investor Charge offs $0.00 8. Excess Yield Collections $8,259,241.86 Page 1 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1992-2 ----------------------------------------------------- C. Information on the Application of Principal Collections to the Collection Account regarding Series 1992-2 Certificates 1. Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2. Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3. Series 1992-2 Principal Shortfalls $141,003,432.15 4. Excess Principal Collections allocable from other Series deposited to the Series 1992-2 Collection Account for distribution to Certificateholders $966,828.87 5. Excess Principal Collections allocable to other Series $421,070,790.02 D. Information Regarding the Series 1992-2 Class A Interest Funding Account 1. Beginning Balance $11,000,000.00 2. Deposit from Collection Account $2,750,000.00 3. Withdrawal to Class A Certificateholders, if any $0.00 4. Ending Balance $13,750,000.00 E. Information Regarding Series 1992-2 Accrued and Unpaid Amounts 1. The amount of any Class A Monthly Interest previously due but not deposited in the Class A Interest Funding Account on a prior Distribution Date.... $0.00 2. The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date.... $0.00 3. The amount of any Class B Monthly Interest previously due but not distributed to Class B Certificateholders on a prior Distribution Date.... $0.00 4. The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.... $0.00 Page 2 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1992-2 ----------------------------------------------------- F. Information Regarding Series 1992-2 Certificate Balances, Invested Amounts, and Investor Charge Offs (for the preceding Due Period) 1. Class A Certificate Balance $500,000,000.00 2. Class B Certificate Balance $29,100,529.00 3. Class A Invested Amount $500,000,000.00 4. Class B Invested Amount $29,100,529.00 5. Class A Investor Charge Offs for the preceding Due Period $0.00 6. Class B Investor Charge Offs for the preceding Due Period $0.00 7. Unreimbursed Class A Investor Charge Offs $0.00 8. Unreimbursed Class B Investor Charge Offs $0.00 G. Information Regarding the Current Monthly Distribution to Class A and Class B Certificateholders 1. Total Class A distributions $0.00 2. Class A interest distributions $0.00 3. Class A principal distributions $0.00 4. Total Class B distributions $164,903.00 5. Class B interest distributions $164,903.00 6. Class B principal distributions $0.00 H. The Series 1992-2 Factors 1. The Series 1992-2 Class A Factor for the preceding Record Date [which represents the ratio of the amount of the Class A Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class A Invested Amount that will occur on the following Distribution Date) to the Initial Class A Invested Amount] (rounded to seven decimal places).... 1.0000000% 2. The Series 1992-2 Class B Factor for the preceding Record Date [which represents the ratio of the amount of the Class B Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class B Invested Amount that will occur on the following Distribution Date) to the Initial Class B Invested Amount] (rounded to seven decimal places).... 1.0000000% Page 3 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1992-2 ----------------------------------------------------- Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned, no Early Amortization Event, with respect to the Series 1992-2 Certificates has occurred. Any Yield Factor in effect during the preceding Due Period was not below the minimum Yield Factor. The Trust Principal Component as of the end of the preceding Due Period was not less than the Minimum Trust Principal Component. The Transferor Amount as of the end of the preceding Due Period was not less than 3.0% of the Trust Principal Component. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June 1999. American Express Travel Related Services Company, Inc. Servicer, by: /s/Lawrence Fazzari ------------------- Lawrence Fazzari Vice President Business Results Page 4 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1993-1 ----------------------------------------------------- Schedule - to Monthly Servicer's Certificate with respect to the Series 1993-1 Certificates A. Information Regarding American Express Master Trust Series 1993-1 Allocation Percentages 1. Floating Allocation Percentage as of the end of the second preceding Due Period..... 11.1809% 2. Fixed Allocation Percentage..... 0.0000% 3.(a) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Yield Collections..... $0.00 3.(b) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Principal Collections..... $0.00 4. The amount of Yield Collections allocable to Series 1993-1 [Floating Allocation Percentage, times Yield Collections]..... $15,627,369.53 5. The amount of Principal Collections allocable to Series 1993-1 (a) During the Revolving Period [Floating Allocation Percentage, times Principal Collections], treated as Excess Principal Collections.... $505,284,948.21 (b) During the Accumulation Period or an Amortization Period [Fixed Allocation Percentage, times Principal Collections]..... $0.00 6. The Investor Default Amount allocable to Series 1993-1 [Floating Allocation Percentage, times Default Amount].... $1,160,194.64 B. Information Regarding the Application of Funds on Deposit in the Collection Account for the Series 1993-1 Certificates, pursuant to Section 4.08 of the Series Supplement 1. Class A Monthly Interest 5.3750% $2,687,500.00 2. Class B Monthly Interest $160,052.91 3. Investor Monthly Servicing Fee $1,058,201.06 4. Reimbursement of Class A Investor Charge offs $0.00 5. Investor Default Amount $1,160,194.64 6. Unpaid Class B Interest $0.00 7. Reimbursement of Class B Investor Charge offs $0.00 8. Excess Yield Collections $10,561,420.92 Page 1 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1993-1 ----------------------------------------------------- C. Information on the Application of Principal Collections to the Collection Account regarding Series 1993-1 Certificates 1. Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2. Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3. Series 1993-1 Principal Shortfalls $0.00 4. Excess Principal Collections allocable from other Series deposited to the Series 1993-1 Collection Account for distribution to Certificateholders $0.00 5. Excess Principal Collections allocable to other Series $506,445,142.85 D. Information Regarding the Series 1993-1 Class A Interest Funding Account 1. Beginning Balance $5,375,000.00 2. Deposit from Collection Account $2,687,500.00 3. Withdrawal to Class A Certificateholders, if any $0.00 4. Ending Balance $8,062,500.00 E. Information Regarding Series 1993-1 Accrued and Unpaid Amounts 1. The amount of any Class A Monthly Interest previously due but not deposited in the Class A Interest Funding Account on a prior Distribution Date.... $0.00 2. The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date.... $0.00 3. The amount of any Class B Monthly Interest previously due but not distributed to Class B Certificateholders on a prior Distribution Date.... $0.00 4. The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.... $0.00 Page 2 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1993-1 ----------------------------------------------------- F. Information Regarding Series 1993-1 Certificate Balances, Invested Amounts, and Investor Charge Offs (for the preceding Due Period) 1. Class A Certificate Balance $600,000,000.00 2. Class B Certificate Balance $34,920,635.00 3. Class A Invested Amount $600,000,000.00 4. Class B Invested Amount $34,920,635.00 5. Class A Investor Charge Offs for the preceding Due Period $0.00 6. Class B Investor Charge Offs for the preceding Due Period $0.00 7. Unreimbursed Class A Investor Charge Offs $0.00 8. Unreimbursed Class B Investor Charge Offs $0.00 G. Information Regarding the Current Monthly Distribution to Class A and Class B Certificateholders 1. Total Class A distributions $0.00 2. Class A interest distributions $0.00 3. Class A principal distributions $0.00 4. Total Class B distributions $160,052.91 5. Class B interest distributions $160,052.91 6. Class B principal distributions $0.00 H. The Series 1993-1 Factors 1. The Series 1993-1 Class A Factor for the preceding Record Date [which represents the ratio of the amount of the Class A Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class A Invested Amount that will occur on the following Distribution Date) to the Initial Class A Invested Amount] (rounded to seven decimal places).... 1.0000000% 2. The Series 1993-1 Class B Factor for the preceding Record Date [which represents the ratio of the amount of the Class B Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class B Invested Amount that will occur on the following Distribution Date) to the Initial Class B Invested Amount] (rounded to seven decimal places).... 1.0000000% Page 3 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1993-1 ----------------------------------------------------- Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned, no Early Amortization Event, with respect to the Series 1993-1 Certificates has occurred. Any Yield Factor in effect during the preceding Due Period was not below the minimum Yield Factor. The Trust Principal Component as of the end of the preceding Due Period was not less than the Minimum Trust Principal Component. The Transferor Amount as of the end of the preceding Due Period was not less than 3.0% of the Trust Principal Component. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June 1999. American Express Travel Related Services Company, Inc. Servicer, by: /s/Lawrence Fazzari ------------------- Lawrence Fazzari Vice President Business Results Page 4 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-2 ----------------------------------------------------- Schedule - to Monthly Servicer's Certificate with respect to the Series 1994-2 Certificates A. Information Regarding American Express Master Trust Series 1994-2 Allocation Percentages 1. Floating Allocation Percentage as of the end of the second preceding Due Period..... 5.5905% 2. Fixed Allocation Percentage..... 0.0000% 3.(a) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Yield Collections..... $0.00 3.(b) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Principal Collections..... $0.00 4. The amount of Yield Collections allocable to Series 1994-2 [Floating Allocation Percentage, times Yield Collections]..... $7,813,684.75 5. The amount of Principal Collections allocable to Series 1994-2 (a) During the Revolving Period [Floating Allocation Percentage, times Principal Collections], treated as Excess Principal Collections.... $252,642,473.65 (b) During the Accumulation Period or an Amortization Period [Fixed Allocation Percentage, times Principal Collections]..... $0.00 6. The Investor Default Amount allocable to Series 1994-2 [Floating Allocation Percentage, times Default Amount].... $580,097.32 B. Information Regarding the Application of Funds on Deposit in the Collection Account for the Series 1994-2 Certificates, pursuant to Section 4.08 of the Series Supplement 1. Class A Monthly Interest 7.6000% $1,900,000.00 2. Class B Monthly Interest $112,764.55 3. Investor Monthly Servicing Fee $529,100.53 4. Reimbursement of Class A Investor Charge offs $0.00 5. Investor Default Amount $580,097.32 6. Unpaid Class B Interest $0.00 7. Reimbursement of Class B Investor Charge offs $0.00 8. Excess Yield Collections $4,691,722.35 Page 1 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-2 ----------------------------------------------------- C. Information on the Application of Principal Collections to the Collection Account regarding Series 1994-2 Certificates 1. Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2. Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3. Series 1994-2 Principal Shortfalls $0.00 4. Excess Principal Collections allocable from other Series deposited to the Series 1994-2 Collection Account for distribution to Certificateholders $0.00 5. Excess Principal Collections allocable to other Series $253,222,570.97 D. Information Regarding the Series 1994-2 Class A Interest Funding Account 1. Beginning Balance $3,800,000.00 2. Deposit from Collection Account $1,900,000.00 3. Withdrawal to Class A Certificateholders, if any $0.00 4. Ending Balance $5,700,000.00 E. Information Regarding Series 1994-2 Accrued and Unpaid Amounts 1. The amount of any Class A Monthly Interest previously due but not deposited in the Class A Interest Funding Account on a prior Distribution Date.... $0.00 2. The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date.... $0.00 3. The amount of any Class B Monthly Interest previously due but not distributed to Class B Certificateholders on a prior Distribution Date.... $0.00 4. The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.... $0.00 Page 2 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-2 ----------------------------------------------------- F. Information Regarding Series 1994-2 Certificate Balances, Invested Amounts, and Investor Charge Offs (for the preceding Due Period) 1. Class A Certificate Balance $300,000,000.00 2. Class B Certificate Balance $17,460,317.00 3. Class A Invested Amount $300,000,000.00 4. Class B Invested Amount $17,460,317.00 5. Class A Investor Charge Offs for the preceding Due Period $0.00 6. Class B Investor Charge Offs for the preceding Due Period $0.00 7. Unreimbursed Class A Investor Charge Offs $0.00 8. Unreimbursed Class B Investor Charge Offs $0.00 G. Information Regarding the Current Monthly Distribution to Class A and Class B Certificateholders 1. Total Class A distributions $0.00 2. Class A interest distributions $0.00 3. Class A principal distributions $0.00 4. Total Class B distributions $112,764.55 5. Class B interest distributions $112,764.55 6. Class B principal distributions $0.00 H. The Series 1994-2 Factors 1. The Series 1994-2 Class A Factor for the preceding Record Date [which represents the ratio of the amount of the Class A Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class A Invested Amount that will occur on the following Distribution Date) to the Initial Class A Invested Amount] (rounded to seven decimal places).... 1.0000000% 2. The Series 1994-2 Class B Factor for the preceding Record Date [which represents the ratio of the amount of the Class B Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class B Invested Amount that will occur on the following Distribution Date) to the Initial Class B Invested Amount] (rounded to seven decimal places).... 1.0000000% Page 3 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-2 ----------------------------------------------------- Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned, no Early Amortization Event, with respect to the Series 1994-2 Certificates has occurred. Any Yield Factor in effect during the preceding Due Period was not below the minimum Yield Factor. The Trust Principal Component as of the end of the preceding Due Period was not less than the Minimum Trust Principal Component. The Transferor Amount as of the end of the preceding Due Period was not less than 3.0% of the Trust Principal Component. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June 1999. American Express Travel Related Services Company, Inc. Servicer, by: /s/Lawrence Fazzari ------------------- Lawrence Fazzari Vice President Business Results Page 4 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-3 ----------------------------------------------------- Schedule - to Monthly Servicer's Certificate with respect to the Series 1994-3 Certificates A. Information Regarding American Express Master Trust Series 1994-3 Allocation Percentages 1. Floating Allocation Percentage as of the end of the second preceding Due Period..... 5.5905% 2. Fixed Allocation Percentage..... 0.0000% 3.(a) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Yield Collections..... $0.00 3.(b) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Principal Collections..... $0.00 4. The amount of Yield Collections allocable to Series 1994-3 [Floating Allocation Percentage, times Yield Collections]..... $7,813,684.75 5. The amount of Principal Collections allocable to Series 1994-3 (a) During the Revolving Period [Floating Allocation Percentage, times Principal Collections], treated as Excess Principal Collections.... $252,642,473.65 (b) During the Accumulation Period or an Amortization Period [Fixed Allocation Percentage, times Principal Collections]..... $0.00 6. The Investor Default Amount allocable to Series 1994-3 [Floating Allocation Percentage, times Default Amount].... $580,097.32 B. Information Regarding the Application of Funds on Deposit in the Collection Account for the Series 1994-3 Certificates, pursuant to Section 4.08 of the Series Supplement 1. Class A Monthly Interest 7.8500% $1,962,500.00 2. Class B Monthly Interest $115,674.60 3. Investor Monthly Servicing Fee $529,100.53 4. Reimbursement of Class A Investor Charge offs $0.00 5. Investor Default Amount $580,097.32 6. Unpaid Class B Interest $0.00 7. Reimbursement of Class B Investor Charge offs $0.00 8. Excess Yield Collections $4,626,312.30 Page 1 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-3 ----------------------------------------------------- C. Information on the Application of Principal Collections to the Collection Account regarding Series 1994-3 Certificates 1. Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2. Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3. Series 1994-3 Principal Shortfalls $0.00 4. Excess Principal Collections allocable from other Series deposited to the Series 1994-3 Collection Account for distribution to Certificateholders $0.00 5. Excess Principal Collections allocable to other Series $253,222,570.97 D. Information Regarding the Series 1994-3 Class A Interest Funding Account 1. Beginning Balance $3,925,000.00 2. Deposit from Collection Account $1,962,500.00 3. Withdrawal to Class A Certificateholders, if any $0.00 4. Ending Balance $5,887,500.00 E. Information Regarding Series 1994-3 Accrued and Unpaid Amounts 1. The amount of any Class A Monthly Interest previously due but not deposited in the Class A Interest Funding Account on a prior Distribution Date.... $0.00 2. The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date.... $0.00 3. The amount of any Class B Monthly Interest previously due but not distributed to Class B Certificateholders on a prior Distribution Date.... $0.00 4. The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.... $0.00 Page 2 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-3 ----------------------------------------------------- F. Information Regarding Series 1994-3 Certificate Balances, Invested Amounts, and Investor Charge Offs (for the preceding Due Period) 1. Class A Certificate Balance $300,000,000.00 2. Class B Certificate Balance $17,460,317.00 3. Class A Invested Amount $300,000,000.00 4. Class B Invested Amount $17,460,317.00 5. Class A Investor Charge Offs for the preceding Due Period $0.00 6. Class B Investor Charge Offs for the preceding Due Period $0.00 7. Unreimbursed Class A Investor Charge Offs $0.00 8. Unreimbursed Class B Investor Charge Offs $0.00 G. Information Regarding the Current Monthly Distribution to Class A and Class B Certificateholders 1. Total Class A distributions $0.00 2. Class A interest distributions $0.00 3. Class A principal distributions $0.00 4. Total Class B distributions $115,674.60 5. Class B interest distributions $115,674.60 6. Class B principal distributions $0.00 H. The Series 1994-3 Factors 1. The Series 1994-3 Class A Factor for the preceding Record Date [which represents the ratio of the amount of the Class A Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class A Invested Amount that will occur on the following Distribution Date) to the Initial Class A Invested Amount] (rounded to seven decimal places).... 1.0000000% 2. The Series 1994-3 Class B Factor for the preceding Record Date [which represents the ratio of the amount of the Class B Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class B Invested Amount that will occur on the following Distribution Date) to the Initial Class B Invested Amount] (rounded to seven decimal places).... 1.0000000% Page 3 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1994-3 ----------------------------------------------------- Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned, no Early Amortization Event, with respect to the Series 1994-3 Certificates has occurred. Any Yield Factor in effect during the preceding Due Period was not below the minimum Yield Factor. The Trust Principal Component as of the end of the preceding Due Period was not less than the Minimum Trust Principal Component. The Transferor Amount as of the end of the preceding Due Period was not less than 3.0% of the Trust Principal Component. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June 1999. American Express Travel Related Services Company, Inc. Servicer, by: /s/Lawrence Fazzari ------------------- Lawrence Fazzari Vice President Business Results Page 4 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-1 ----------------------------------------------------- Schedule - to Monthly Servicer's Certificate with respect to the Series 1996-1 Certificates A. Information Regarding American Express Master Trust Series 1996-1 Allocation Percentages 1. Floating Allocation Percentage as of the end of the second preceding Due Period..... 18.0859% 2. Fixed Allocation Percentage..... 0.0000% 3.(a) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Yield Collections..... $0.00 3.(b) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Principal Collections..... $0.00 4. The amount of Yield Collections allocable to Series 1996-1 [Floating Allocation Percentage, times Yield Collections]..... $25,278,326.10 5. The amount of Principal Collections allocable to Series 1996-1 (a) During the Revolving Period [Floating Allocation Percentage, times Principal Collections], treated as Excess Principal Collections.... $817,332,544.05 (b) During the Accumulation Period or an Amortization Period [Fixed Allocation Percentage, times Principal Collections]..... $0.00 6. The Investor Default Amount allocable to Series 1996-1 [Floating Allocation Percentage, times Default Amount].... $1,876,693.21 B. Information Regarding the Application of Funds on Deposit in the Collection Account for the Series 1996-1 Certificates, pursuant to Section 4.08 of the Series Supplement 1. Class A Monthly Interest 5.0525% $3,866,565.97 2. Class B Monthly Interest $468,581.08 3. Investor Monthly Servicing Fee $1,711,711.71 4. Reimbursement of Class A Investor Charge offs $0.00 5. Investor Default Amount $1,876,693.21 6. Unpaid Class B Interest $0.00 7. Reimbursement of Class B Investor Charge offs $0.00 8. Excess Yield Collections $17,354,774.13 Page 1 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-1 ----------------------------------------------------- C. Information on the Application of Principal Collections to the Collection Account regarding Series 1996-1 Certificates 1. Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2. Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3. Series 1996-1 Principal Shortfalls $0.00 4. Excess Principal Collections allocable from other Series deposited to the Series 1996-1 Collection Account for distribution to Certificateholders $0.00 5. Excess Principal Collections allocable to other Series $819,209,237.26 D. Information Regarding the Series 1996-1 Class A Interest Funding Account 1. Beginning Balance $0.00 2. Deposit from Collection Account $3,866,565.97 3. Withdrawal to Class A Certificateholders, if any $3,866,565.97 4. Ending Balance $0.00 E. Information Regarding Series 1996-1 Accrued and Unpaid Amounts 1. The amount of any Class A Monthly Interest previously due but not deposited in the Class A Interest Funding Account on a prior Distribution Date.... $0.00 2. The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date.... $0.00 3. The amount of any Class B Monthly Interest previously due but not distributed to Class B Certificateholders on a prior Distribution Date.... $0.00 4. The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.... $0.00 Page 2 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-1 ----------------------------------------------------- F. Information Regarding Series 1996-1 Certificate Balances, Invested Amounts, and Investor Charge Offs (for the preceding Due Period) 1. Class A Certificate Balance $950,000,000.00 2. Class B Certificate Balance $77,027,027.00 3. Class A Invested Amount $950,000,000.00 4. Class B Invested Amount $77,027,027.00 5. Class A Investor Charge Offs for the preceding Due Period $0.00 6. Class B Investor Charge Offs for the preceding Due Period $0.00 7. Unreimbursed Class A Investor Charge Offs $0.00 8. Unreimbursed Class B Investor Charge Offs $0.00 G. Information Regarding the Current Monthly Distribution to Class A and Class B Certificateholders 1. Total Class A distributions $3,866,565.97 2. Class A interest distributions $3,866,565.97 3. Class A principal distributions $0.00 4. Total Class B distributions $468,581.08 5. Class B interest distributions $468,581.08 6. Class B principal distributions $0.00 H. The Series 1996-1 Factors 1. The Series 1996-1 Class A Factor for the preceding Record Date [which represents the ratio of the amount of the Class A Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class A Invested Amount that will occur on the following Distribution Date) to the Initial Class A Invested Amount] (rounded to seven decimal places).... 1.0000000% 2. The Series 1996-1 Class B Factor for the preceding Record Date [which represents the ratio of the amount of the Class B Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class B Invested Amount that will occur on the following Distribution Date) to the Initial Class B Invested Amount] (rounded to seven decimal places).... 1.0000000% Page 3 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-1 ----------------------------------------------------- Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned, no Early Amortization Event, with respect to the Series 1996-1 Certificates has occurred. Any Yield Factor in effect during the preceding Due Period was not below the minimum Yield Factor. The Trust Principal Component as of the end of the preceding Due Period was not less than the Minimum Trust Principal Component. The Transferor Amount as of the end of the preceding Due Period was not less than 3.0% of the Trust Principal Component. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June 1999. American Express Travel Related Services Company, Inc. Servicer, by: /s/Lawrence Fazzari ------------------- Lawrence Fazzari Vice President Business Results Page 4 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-2 ----------------------------------------------------- Schedule - to Monthly Servicer's Certificate with respect to the Series 1996-2 Certificates A. Information Regarding American Express Master Trust Series 1996-2 Allocation Percentages 1. Floating Allocation Percentage as of the end of the second preceding Due Period..... 5.7113% 2. Fixed Allocation Percentage..... 0.0000% 3.(a) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Yield Collections..... $0.00 3.(b) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Principal Collections..... $0.00 4. The amount of Yield Collections allocable to Series 1996-2 [Floating Allocation Percentage, times Yield Collections]..... $7,982,629.29 5. The amount of Principal Collections allocable to Series 1996-2 (a) During the Revolving Period [Floating Allocation Percentage, times Principal Collections], treated as Excess Principal Collections.... $258,105,013.65 (b) During the Accumulation Period or an Amortization Period [Fixed Allocation Percentage, times Principal Collections]..... $0.00 6. The Investor Default Amount allocable to Series 1996-2 [Floating Allocation Percentage, times Default Amount].... $592,639.97 B. Information Regarding the Application of Funds on Deposit in the Collection Account for the Series 1996-2 Certificates, pursuant to Section 4.08 of the Series Supplement 1. Class A Monthly Interest 5.0225% $1,213,770.83 2. Class B Monthly Interest $143,918.92 3. Investor Monthly Servicing Fee $540,540.54 4. Reimbursement of Class A Investor Charge offs $0.00 5. Investor Default Amount $592,639.97 6. Unpaid Class B Interest $0.00 7. Reimbursement of Class B Investor Charge offs $0.00 8. Excess Yield Collections $5,491,759.03 Page 1 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-2 ----------------------------------------------------- C. Information on the Application of Principal Collections to the Collection Account regarding Series 1996-2 Certificates 1. Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2. Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3. Series 1996-2 Principal Shortfalls $0.00 4. Excess Principal Collections allocable from other Series deposited to the Series 1996-2 Collection Account for distribution to Certificateholders $0.00 5. Excess Principal Collections allocable to other Series $258,697,653.62 D. Information Regarding the Series 1996-2 Class A Interest Funding Account 1. Beginning Balance $0.00 2. Deposit from Collection Account $1,213,770.83 3. Withdrawal to Class A Certificateholders, if any $1,213,770.83 4. Ending Balance $0.00 E. Information Regarding Series 1996-2 Accrued and Unpaid Amounts 1. The amount of any Class A Monthly Interest previously due but not deposited in the Class A Interest Funding Account on a prior Distribution Date.... $0.00 2. The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date.... $0.00 3. The amount of any Class B Monthly Interest previously due but not distributed to Class B Certificateholders on a prior Distribution Date.... $0.00 4. The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.... $0.00 Page 2 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-2 ----------------------------------------------------- F. Information Regarding Series 1996-2 Certificate Balances, Invested Amounts, and Investor Charge Offs (for the preceding Due Period) 1. Class A Certificate Balance $300,000,000.00 2. Class B Certificate Balance $24,324,324.00 3. Class A Invested Amount $300,000,000.00 4. Class B Invested Amount $24,324,324.00 5. Class A Investor Charge Offs for the preceding Due Period $0.00 6. Class B Investor Charge Offs for the preceding Due Period $0.00 7. Unreimbursed Class A Investor Charge Offs $0.00 8. Unreimbursed Class B Investor Charge Offs $0.00 G. Information Regarding the Current Monthly Distribution to Class A and Class B Certificateholders 1. Total Class A distributions $1,213,770.83 2. Class A interest distributions $1,213,770.83 3. Class A principal distributions $0.00 4. Total Class B distributions $143,918.92 5. Class B interest distributions $143,918.92 6. Class B principal distributions $0.00 H. The Series 1996-2 Factors 1. The Series 1996-2 Class A Factor for the preceding Record Date [which represents the ratio of the amount of the Class A Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class A Invested Amount that will occur on the following Distribution Date) to the Initial Class A Invested Amount] (rounded to seven decimal places).... 1.0000000% 2. The Series 1996-2 Class B Factor for the preceding Record Date [which represents the ratio of the amount of the Class B Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class B Invested Amount that will occur on the following Distribution Date) to the Initial Class B Invested Amount] (rounded to seven decimal places).... 1.0000000% Page 3 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1996-2 ----------------------------------------------------- Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned, no Early Amortization Event, with respect to the Series 1996-2 Certificates has occurred. Any Yield Factor in effect during the preceding Due Period was not below the minimum Yield Factor. The Trust Principal Component as of the end of the preceding Due Period was not less than the Minimum Trust Principal Component. The Transferor Amount as of the end of the preceding Due Period was not less than 3.0% of the Trust Principal Component. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June 1999. American Express Travel Related Services Company, Inc. Servicer, by: /s/Lawrence Fazzari ------------------- Lawrence Fazzari Vice President Business Results Page 4 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1998-1 ----------------------------------------------------- Schedule - to Monthly Servicer's Certificate with respect to the Series 1998-1 Certificates A. Information Regarding American Express Master Trust Series 1998-1 Allocation Percentages 1. Floating Allocation Percentage as of the end of the second preceding Due Period..... 18.6349% 2. Fixed Allocation Percentage..... 0.0000% 3.(a) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Yield Collections..... $0.00 3.(b) Additional Amounts pursuant to Section 4.03(c) (ii) treated as Principal Collections..... $0.00 4. The amount of Yield Collections allocable to Series 1998-1 [Floating Allocation Percentage, times Yield Collections]..... $26,045,615.87 5. The amount of Principal Collections allocable to Series 1998-1 (a) During the Revolving Period [Floating Allocation Percentage, times Principal Collections], treated as Excess Principal Collections.... $842,141,579.59 (b) During the Accumulation Period or an Amortization Period [Fixed Allocation Percentage, times Principal Collections]..... $0.00 6. The Investor Default Amount allocable to Series 1998-1 [Floating Allocation Percentage, times Default Amount].... $1,933,657.72 B. Information Regarding the Application of Funds on Deposit in the Collection Account for the Series 1998-1 Certificates, pursuant to Section 4.08 of the Series Supplement 1. Class A Monthly Interest 5.9000% $4,916,666.67 2. Class B Monthly Interest $293,430.33 3. Investor Monthly Servicing Fee $1,763,668.43 4. Reimbursement of Class A Investor Charge offs $0.00 5. Investor Default Amount $1,933,657.72 6. Unpaid Class B Interest $0.00 7. Reimbursement of Class B Investor Charge offs $0.00 8. Excess Yield Collections $17,138,192.72 Page 1 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1998-1 ----------------------------------------------------- C. Information on the Application of Principal Collections to the Collection Account regarding Series 1998-1 Certificates 1. Class A Monthly Principal deposited to the Collection Account for distribution to Class A Certificateholders $0.00 2. Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3. Series 1998-1 Principal Shortfalls $0.00 4. Excess Principal Collections allocable from other Series deposited to the Series 1998-1 Collection Account for distribution to Certificateholders $0.00 5. Excess Principal Collections allocable to other Series $844,075,237.31 D. Information Regarding the Series 1998-1 Class A Interest Funding Account 1. Beginning Balance $0.00 2. Deposit from Collection Account $4,916,666.67 3. Withdrawal to Class A Certificateholders, if any $4,916,666.67 4. Ending Balance $0.00 E. Information Regarding Series 1998-1 Accrued and Unpaid Amounts 1. The amount of any Class A Monthly Interest previously due but not deposited in the Class A Interest Funding Account on a prior Distribution Date.... $0.00 2. The amount of additional interest [at the Class A Certificate Rate] with respect to interest amounts that were due but not paid on a previous Interest Payment Date or Special Payment Date.... $0.00 3. The amount of any Class B Monthly Interest previously due but not distributed to Class B Certificateholders on a prior Distribution Date.... $0.00 4. The amount of additional interest [at the Class B Certificate Rate] with respect to interest amounts that were due but not paid on a previous Distribution Date.... $0.00 Page 2 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1998-1 ----------------------------------------------------- F. Information Regarding Series 1998-1 Certificate Balances, Invested Amounts, and Investor Charge Offs (for the preceding Due Period) 1. Class A Certificate Balance $1,000,000,000.00 2. Class B Certificate Balance $58,201,058.00 3. Class A Invested Amount $1,000,000,000.00 4. Class B Invested Amount $58,201,058.00 5. Class A Investor Charge Offs for the preceding Due Period $0.00 6. Class B Investor Charge Offs for the preceding Due Period $0.00 7. Unreimbursed Class A Investor Charge Offs $0.00 8. Unreimbursed Class B Investor Charge Offs $0.00 G. Information Regarding the Current Monthly Distribution to Class A and Class B Certificateholders 1. Total Class A distributions $4,916,666.67 2. Class A interest distributions $4,916,666.67 3. Class A principal distributions $0.00 4. Total Class B distributions $293,430.33 5. Class B interest distributions $293,430.33 6. Class B principal distributions $0.00 H. The Series 1998-1 Factors 1. The Series 1998-1 Class A Factor for the preceding Record Date [which represents the ratio of the amount of the Class A Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class A Invested Amount that will occur on the following Distribution Date) to the Initial Class A Invested Amount] (rounded to seven decimal places).... 1.0000000% 2. The Series 1998-1 Class B Factor for the preceding Record Date [which represents the ratio of the amount of the Class B Invested Amount as of such Record Date (adjusted after taking into account any reduction in the Class B Invested Amount that will occur on the following Distribution Date) to the Initial Class B Invested Amount] (rounded to seven decimal places).... 1.0000000% Page 3 ----------------------------------------------------- American Express Travel Related Services Company, Inc. American Express Master Trust, Series 1998-1 ----------------------------------------------------- Pursuant to Section 9.01 of the Agreement, to the knowledge of the undersigned, no Early Amortization Event, with respect to the Series 1998-1 Certificates has occurred. Any Yield Factor in effect during the preceding Due Period was not below the minimum Yield Factor. The Trust Principal Component as of the end of the preceding Due Period was not less than the Minimum Trust Principal Component. The Transferor Amount as of the end of the preceding Due Period was not less than 3.0% of the Trust Principal Component. IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 7th day of June 1999. American Express Travel Related Services Company, Inc. Servicer, by: /s/Lawrence Fazzari ------------------- Lawrence Fazzari Vice President Business Results Page 4 -----END PRIVACY-ENHANCED MESSAGE-----