Independent Accountants' Report on Applying Agreed-Upon
Procedures



To Household Finance Corporation:

We have performed procedures enumerated below in items A. and B. in
conjunction with Section 3.06 of the Pooling and Servicing
Agreement,
dated October 1, 1994, as amended and supplemented (the
"Agreement").

A.We have audited, in accordance with generally accepted auditing
  standards, the consolidated financial statements of Household
Finance
  Corporation (the "Servicer") and subsidiaries as of December 31,
1998,
  and have issued our report thereon dated January 20, 1999.  We
have not
  audited any financial statements of the Servicer as of any date
or for
  any period subsequent to December 31, 1998, or performed any
audit
  procedures subsequent to the date of our report on those
statements.
  
  In connection with our audit, nothing came to our attention that
caused
  us to believe that the Servicer was not in compliance with any of
the
  terms, covenants, provisions, or conditions in Sections 3.01,
3.02,
  3.04, 3.09, 4.02, 4.03, 4.04, 4.05, 4.06, and 8.08 (to the extent
such
  sections are applicable to Household Finance Corporation as
Servicer)
  of the Agreement, or Sections 4.08, 4.09, 4.10, 4.11, 4.12, 4.13,
4.14,
  and 4.15 (to the extent such sections are applicable to Household
  Finance Corporation as Servicer) of the Series 1994-2, Series
1995-A,
  and Series 1997-B Supplements in conjunction with the servicing
of
  consumer revolving private label credit card receivables owned by
the
  Household Private Label Credit Card Master Trust II insofar as
they
  relate to accounting matters.  It should be noted, however, that
our
  audit was not directed primarily toward obtaining knowledge of
such
  noncompliance.
  
  As a part of our audit, we obtained an understanding of the
Servicer's
  internal control structure over the Servicer's entire consumer
  revolving private label credit card portfolio, including those
loans
  serviced under the Agreement, and the related Supplements, to the
  extent considered necessary in order to assess control risk as
required
  by generally accepted auditing standards. The purpose of our
  consideration of the internal control structure, which includes
the
  accounting systems, was to determine the nature, timing, and
extent of
  the auditing procedures necessary for expressing an opinion on
the
  financial statements. Such audit procedures, however, were not
  performed in order to express a separate opinion on the Household
  Private Label Credit Card Master Trust II.
  
  Our audit disclosed no exceptions or errors in records relating
to
  credit card receivables serviced by the Servicer that, in our
opinion,
  Section 3.06 of the Agreement required us to report.

B.   We have performed the procedure described in the following
  paragraph, which was agreed to by the management of the Servicer,
US
  Bank, N.A., formerly known as the First Trust of New York as
  Trustee, and the Credit Enhancement Provider (together, the
  "Specified Users"), with respect to Section 3.06 of the
Agreement,
  in conjunction with the servicing of consumer revolving private
  label credit card receivables owned by the Household Private
Label
  Credit Card Master Trust II.  This agreed-upon procedure was
  performed in accordance with standards established by the
American
  Institute of Certified Public Accountants.  The sufficiency of
the
  procedure is solely the responsibility of the Specified Users of
the
  report.  Consequently, we make no representation regarding the
  sufficiency of the procedure described below either for the
purpose
  for which this report has been requested or for any other
purpose.

       The procedure and associated findings are as follows:

       From the Monthly Servicer's Certificates prepared by the
  Servicer between January, 1998 and December, 1998, we selected
the
  following months and performed the following procedure:

     We have compared the mathematical calculation of each amount
     set forth in the Monthly Servicer's Certificates to the
     Servicer's accounting records for the month of September,
     1998, for Series 1994-2, Series 1995-A, and Series 1997-B and
     found them to be in agreement.  Our comparisons were based on
     records provided to us by the Servicer and the methodology
     set forth in the Agreement.

With respect to the procedure performed in item B. above, we were
not
engaged to, and did not, perform an audit, the objective of which
would
be the expression of an opinion on the Monthly Servicer's
Certificates
described above.  Accordingly, we do not express such an opinion. 
Had
we been engaged to perform additional procedures, other matters
might
have come to our attention that would have been reported to you.

This report is intended solely for the information and use of the
Specified Users and should not be used for any other purpose.

                                             ARTHUR ANDERSEN LLP


Chicago, Illinois
March 24, 1999