<PAGE>
                                                                    Exhibit 99.3

      Report on Applying Agreed-Upon Procedures of Independent Accountants

National City Bank
Cleveland, Ohio

The Bank of New York
New York, New York

We have performed the procedures enumerated below, which were agreed to by the
managements of National City Bank (National City) and The Bank of New York,
solely to assist you in evaluating the servicing of certain credit card
receivables during the period January 1, 2001 through December 31, 2001, for
compliance with the terms and conditions set forth in the Pooling and Servicing
Agreement dated June 1, 1995, as amended by the Amended and Restated Pooling and
Servicing Agreement (the Agreement) dated July 1, 2000, as supplemented by the
Series 2000-1 Supplement (the Supplement) dated August 24, 2000, for the
National City Credit Card Master Trust (the Trust) among National City, as
Seller and Servicer (the Servicer), and The Bank of New York, as Trustee.
National City's management is responsible for compliance with the terms and
conditions set forth in the Agreement. This agreed-upon procedures engagement
was conducted in accordance with the attestation standards established by the
American Institute of Certified Public Accountants. The sufficiency of these
procedures is solely the responsibility of those parties specified in this
report. Consequently, we make no representation regarding the sufficiency of the
procedures described below either for the purpose for which this report has been
requested or for any other purpose.

We performed the following agreed-upon procedures (unless otherwise indicated,
the capitalized terms have the meanings set forth in the Agreement and the
Supplement) with respect to the amounts reported in the Monthly
Certificateholders' Statements (as amended, if applicable) filed during the
period from January 1, 2001, through December 31, 2001, noting agreement:

    Line Item on
       Monthly
 Certificateholders'
      Statement            Procedure
----------------------     -----------------------------------------------------

A.     1. For the Class A monthly distribution in respect of Class A Monthly
          Principal, per $1,000 of Original Certificate Principal Amount, we
          divided the Class A Monthly Principal distribution, per the collection
          account statements, by the Class A Initial Invested Amount, per the
          Supplement, as of the close of business on the last day of the
          preceding Monthly Period and then multiplied by $1,000.

       2. For the Class B monthly distribution in respect of Class B Monthly
          Principal, per $1,000 of Original Certificate Principal Amount, we
          divided the Class B Monthly Principal distribution, per the collection
          account statements, by the Class B Initial Invested Amount, per the
          Supplement, as of the close of business on the last day of the
          preceding Monthly Period and then multiplied by $1,000.

<PAGE>

       3. For each monthly distribution in respect of Collateral Monthly
          Principal, per $1,000 of Original Certificate Principal Amount, we
          divided the Collateral Monthly Principal distribution, per the
          collection account statements, by the Collateral Initial Invested
          Amount, per the Supplement, as of the close of business on the last
          day of the preceding Monthly Period and then multiplied by $1,000.

       4. For the Class A monthly distribution in respect of Class A Monthly
          Interest, per $1,000 of Original Certificate Principal Amount, we
          divided the Class A Monthly Interest distribution, calculated at
          B.11(a) below, by the Class A Initial Invested Amount, per the
          Supplement, as of the close of business on the last day of the
          preceding Monthly Period and then multiplied by $1,000.

       5. For the Class A monthly distribution in respect of Class A Additional
          Interest, per $1,000 of Original Certificate Principal Amount, we
          divided the Class A Additional Interest distribution, which was
          determined to be zero for each month during the period because the
          Class A Available Funds, as calculated in B.12(b)(i) below, was
          greater than zero, by the Class A Initial Invested Amount, per the
          Supplement, as of the close of business on the last day of the
          preceding Monthly Period and then multiplied by $1,000.

       6. For the Class B monthly distribution in respect of Class B Monthly
          Interest, per $1,000 of Original Certificate Principal Amount, we
          divided the Class B Monthly Interest distribution, calculated at
          B.11(b) below, by the Class B Initial Invested Amount, per the
          Supplement, as of the close of business on the last day of the
          preceding Monthly Period and then multiplied by $1,000.

       7. For the Class B monthly distribution in respect of Class B Additional
          Interest, per $1,000 of Original Certificate Principal Amount, we
          divided the Class B Additional Interest distribution, which was
          determined to be zero for each month during the period because the
          Class B Available Funds, as calculated in B.12(b)(ii) below, was
          greater than zero, by the Class B Initial Invested Amount, per the
          Supplement, as of the close of business on the last day of the
          preceding Monthly Period and then multiplied by $1,000.

       8. For the Collateral monthly distribution in respect of Collateral
          Minimum Monthly Interest, per $1,000 of Original Certificate Principal
          Amount, we divided the Collateral Minimum Monthly Interest
          distribution, calculated at B.11(c) below, by the Collateral Initial
          Invested Amount, per the Supplement, as of the close of business on
          the last day of the preceding Monthly Period and then multiplied by
          $1,000.

       9. For the Collateral monthly distribution in respect of accrued and
          unpaid Collateral Minimum Monthly Interest, per $1,000 of Original
          Certificate Principal Amount, we divided the accrued and unpaid
          Collateral Minimum Monthly Interest distribution, which was determined
          to be zero for each month during the period because the Collateral
          Available Funds, as calculated in B.12(b)(iii) below, was greater than
          zero, by the Collateral Initial Invested Amount, per the Supplement,
          as of the close of business on the last day of the preceding Monthly
          Period and then multiplied by $1,000.

<PAGE>

B.     1.     (a) Multiplied the Floating Allocation Percentage,  calculated at
                  B.2(j)  below,  with  respect to the  Monthly  Period by the
                  principal  collections obtained from the system reports with
                  respect to the Monthly Period.

              (b) Multiplied the Floating Allocation Percentage, calculated at
                  B.2(j) below, with respect to the Monthly Period by the Class
                  A Floating Percentage, calculated at B.2(k) below, with
                  respect to the Monthly Period, and multiplied by the Trust
                  Investor Default amount obtained from the system reports for
                  defaulted amounts with respect to the Monthly Period.

              (c) Multiplied the Floating Allocation Percentage, calculated at
                  B.2(j) below, with respect to the Monthly Period by the Class
                  B Floating Percentage, calculated at B.2(l) below, with
                  respect to the Monthly Period, and multiplied by the Trust
                  Investor Default amount obtained from the system reports for
                  defaulted amounts with respect to the Monthly Period.

              (d) Multiplied the Floating Allocation Percentage, calculated at
                  B.2(j) below, with respect to the Monthly Period by the
                  Collateral Floating Percentage, calculated at B.2(m) below,
                  with respect to the Monthly Period, and multiplied by the
                  Trust Investor Default amount obtained from the system reports
                  for defaulted amounts with respect to the Monthly Period.

       2.     (a) Traced the end of period principal receivables in the Trust to
                  the system reports with respect to the Monthly Period.

              (b) Summed items B.2(d), B.2(f) and B.2(h) below.

              (c) Summed items B.2(e), B.2(g) and B.2(i) below.

              (d) Multiplied Trust Principal Receivables in B.2(a) above times
                  B.2(n) below and then by item B.2(o) below.

              (e) Multiplied Trust Principal Receivables in B.2(a) above times
                  B.2(j) below and then by item B.2(k) below.

              (f) Multiplied Trust Principal Receivables in B.2(a) above times
                  B.2(n) below and then by item B.2(p) below.

              (g) Multiplied Trust Principal Receivables in B.2(a) above times
                  B.2(j) below and then by item B.2(l) below.

              (h) Multiplied Trust Principal Receivables in B.2(a) above times
                  B.2(n) below and then by item B.2(q) below.

              (i) Multiplied Trust Principal Receivables in B.2(a) above times
                  B.2(j) below and then by item B.2(m) below.

<PAGE>

              (j) Divided the Adjusted Investment Amount, calculated as the sum
                  of B.7(d), B.7(f), and B.7(h) below, as of the last day of the
                  preceding Monthly Period by the Trust Principal Receivable as
                  of such day plus the principal amount on deposit in the
                  Special Funding Account, which management has represented has
                  not been opened, as of such day, with respect to the Monthly
                  Period.

              (k) Divided the Class A Adjusted Invested Amount, calculated at
                  B.7(h) below, as calculated as of the close of business on the
                  last day of the preceding Monthly Period by the Adjusted
                  Investment Amount, calculated as the sum of B.7(d), B.7(f),
                  and B.7(h) below, as of such day with respect to the Monthly
                  Period.

              (l) Divided the Class B Adjusted Invested Amount, calculated at
                  B.7(f) below, as of the close of business on the last day of
                  the preceding Monthly Period by the Adjusted Investment
                  Amount, calculated as the sum of B.7(d), B.7(f), and B.7(h)
                  below, as of such day with respect to the Monthly Period.

              (m) Divided the Collateral Adjusted Invested Amount, calculated at
                  B.7(d) below, as of the close of business on the last day of
                  the preceding Monthly Period by the Adjusted Investment
                  Amount, calculated as the sum of B.7(d), B.7(f), and B.7(h)
                  below, as of such day with respect to the Monthly Period.

              (n) Divided the Invested Amount, calculated as the sum of B.7(c),
                  B.7(e), and B.7(g) below, as of the last day of the preceding
                  Monthly Period by the Trust Principal Receivable as of such
                  day plus the principal amount on deposit in the Special
                  Funding Account, which management has represented has not been
                  opened, as of such day, with respect to the Monthly Period.

              (o) Divided the Class A Invested Amount, calculated at B.7(g)
                  below, as of the close of business on the last day of the
                  preceding Monthly Period by the Invested Amount, calculated as
                  the sum of B.7(c), B.7(e), and B.7(g) below, as of such day,
                  with respect to the Monthly Period.

              (p) Divided the Class B Invested Amount, calculated at B.7(e)
                  below, as of the close of business on the last day of the
                  preceding Monthly Period by the Invested Amount, calculated as
                  the sum of B.7(c), B.7(e), and B.7(g) below, as of such day,
                  with respect to the Monthly Period.

              (q) Divided the Collateral Invested Amount, calculated at B.7(c)
                  below, as of the close of business on the last day of the
                  preceding Monthly Period by the Invested Amount, calculated as
                  the sum of B.7(c), B.7(e), and B.7(g) below, as of such day,
                  with respect to the Monthly Period.

       3.     (a) Traced the aggregate outstanding balances in the Accounts
                  which were delinquent between 30 and 59 days as of the end of
                  the day on the last day of the related Monthly Period to the
                  system reports with respect to the Monthly Period. Calculated
                  the percentage of total principal receivables by dividing the
                  delinquent amount by B.2(a) above.

<PAGE>


              (b) Traced the aggregate outstanding balances in the Accounts
                  which were delinquent between 60 and 89 days as of the end of
                  the day on the last day of the related Monthly Period to the
                  system reports with respect to the Monthly Period. Calculated
                  the percentage of total principal receivables by dividing the
                  delinquent amount by B.2(a) above.

              (c) Traced the aggregate outstanding balances in the Accounts
                  which were delinquent in excess of 89 days as of the end of
                  the day on the last day of the related Monthly Period to the
                  system reports with respect to the Monthly Period. Calculated
                  the percentage of total principal receivables by dividing the
                  delinquent amount by B.2(a) above.

                  Summed the delinquent accounts in B.3(a), B.3(b), and B.3(c)
                  above. Calculated the percentage of total principal
                  receivables by dividing the delinquent amount by B.2(a) above.

       4.     (a) Multiplied the Floating Allocation Percentage, from B.2(j)
                  above, with respect to the Monthly Period by the Trust
                  Investor Default amount obtained from the system reports for
                  defaulted amounts with respect to the Monthly Period.

              (b) Multiplied the Class A Floating Percentage, from B.2(k) above,
                  with respect to the Monthly Period by the result of B.4(a).

              (c) Multiplied Class B Floating Percentage, from B.2(l) above,
                  with respect to the Monthly Period by the result of B.4(a).

              (d) Multiplied the Collateral Floating Percentage, from B.2(m)
                  above, with respect to the Monthly Period by the result of
                  B.4(a).

       5.     (a) Compared the amount on B.4(b) to the sum of Reallocated
                  Principal Collections with respect to such Monthly Period and
                  the amount of Excess Spread and the Excess Finance Charge
                  Collections allocable to Series 2000-1 with respect to such
                  Monthly Period noting that B.4(b) did not exceed such sum. In
                  such case, as specified in the Supplement Section 4.06(a), the
                  Class A Investor Charge-offs are zero.

              (b) Divided the amount in B.5(a) above by the Class A Initial
                  Invested Amount, per the Supplement, and then multiplied by
                  $1,000.

              (c) Compared the amount on B.4(c) to the amount of Excess Spread
                  and the Excess Finance Charge Collections with respect to such
                  Monthly Period noting that B.4(c) did not exceed such amount.
                  In such case, as specified in the Supplement Section 4.06(b),
                  the Class B Investor Charge-offs are zero.

              (d) Divided the amount in B.5(c) above by the Class B Initial
                  Invested Amount, per the Supplement, and then multiplied by
                  $1,000.

<PAGE>

              (e) Compared the amount on B.4(d) to the amount of Excess Spread
                  and the Excess Finance Charge Collections with respect to such
                  Monthly Period noting that B.4(d) did not exceed such amount.
                  In such case, as specified in the Supplement Section 4.06(c),
                  the Collateral Investor Charge-offs are zero.

              (f) Divided the amount in B.5(e) above by the Collateral Initial
                  Invested Amount, per the Supplement, and then multiplied by
                  $1,000.

              (g) As determined in B.5(a) there have been no Class A Investor
                  Charge-offs during the period. Therefore, Class A Investor
                  Charge-offs to be reimbursed is zero.

              (h) Divided the amount in B.5(g) above by the Class A Initial
                  Invested Amount, per the Supplement, and then multiplied by
                  $1,000.

              (i) As determined in B.5(c) there have been no Class B Investor
                  Charge-offs during the period. Therefore, Class B Investor
                  Charge-offs to be reimbursed is zero.

              (j) Divided the amount in B.5(i) above by the Class B Initial
                  Invested Amount, per the Supplement, and then multiplied by
                  $1,000.

              (k) As determined in B.5(e) there have been no Collateral Investor
                  Charge-offs during the period. Therefore, Collateral Investor
                  Charge-offs to be reimbursed is zero.

              (l) Divided the amount in B.5(k) above by the Collateral Initial
                  Invested Amount, per the Supplement, and then multiplied by
                  $1,000.

       6.     (a) Multiplied the Class A Floating Percentage, calculated at
                  B.2(k) above, by one-twelfth of the excess of the product of
                  the Servicing Fee Rate (2%) and the Servicing Base Amount,
                  which is the Invested Amount (sum of B.7(c), B.7(e), and
                  B.7(g)), until a Special Funding Account is established, which
                  management has represented has not occurred, for the related
                  Monthly Period over the product of the Servicer Interchange
                  Percentage (1%) and the Servicing Base Amount.

              (b) Multiplied the Class B Floating Percentage, calculated at
                  B.2(l) above, by one-twelfth of the excess of the product of
                  the Servicing Fee Rate (2%) and the Servicing Base Amount,
                  which is the Invested Amount (sum of B.7(c), B.7(e), and
                  B.7(g)), until a Special Funding Account is established, which
                  management has represented has not occurred, for the related
                  Monthly Period over the product of the Servicer Interchange
                  Percentage (1%) and the Servicing Base Amount.

              (c) Multiplied the Collateral Floating Percentage, calculated at
                  B.2(m) above, by one-twelfth of the excess of the product of
                  the Servicing Fee Rate (2%) and the Servicing Base Amount,
                  which is the Invested Amount (sum of B.7(c), B.7(e), and
                  B.7(g)), until a Special Funding Account is established, which
                  management has represented has not occurred, for the related
                  Monthly Period over the product of the Servicer Interchange
                  Percentage (1%) and the Servicing Base Amount.

<PAGE>

              (d) Calculated the Servicer Interchange amount as the lesser of
                  the Floating Allocation Percentage, calculated at B.2(j)
                  above, of the Interchange deposited in the Collection Account
                  during such Monthly Period, as traced to system reports, and
                  one-twelfth Servicer Interchange Percentage of the Servicing
                  Base Amount, which is the Invested Amount (sum of B.7(c),
                  B.7(e), and B.7(g)), until a Special Funding Account is
                  established, which management has represented has not
                  occurred.

       7.     (a) As specified in the Supplement Section 4.08, Reallocated
                  Collateral Principal Collections only occur to the extent the
                  Required Amount exceeds the Excess Spread and Excess Finance
                  Charge Collections. The Required Amount only exists when
                  Available Funds for the respective class of investors do not
                  exceed the Monthly Interest and Servicing Fees, which we
                  calculated and noted it did not occur. Since the Required
                  Amount is zero, there are no Reallocated Collateral Principal
                  Collections during the period.

              (b) As specified in the Supplement Section 4.08, Reallocated Class
                  B Principal Collections only occur to the extent the Required
                  Amount exceeds the Excess Spread and Excess Finance Charge
                  Collections. The Required Amount only exists when Available
                  Funds for the respective class of investors do not exceed the
                  Monthly Interest and Servicing Fees, which we calculated and
                  noted it did not occur. Since the Required Amount is zero,
                  there are no Reallocated Class B Principal Collections during
                  the period.

              (c) Calculated the amount as the Collateral Initial Invested
                  Amount minus the aggregate amount of principal payments made
                  to the Collateral interest holders prior to such date minus
                  the aggregate amount of Collateral Charge-offs for all prior
                  Distribution Dates, minus the amount of Reallocated Collateral
                  Principal Collections allocated on all prior Distribution
                  Dates.

              (d) The Collateral Invested Amount calculated in B.7(c) above less
                  the excess of the Principal Funding Account Balance over the
                  sum of the Class A Invested Amount and the Class B Invested
                  Amount on such date of determination.

              (e) Calculated the amount as the Class B Initial Invested Amount,
                  per the Supplement, minus the aggregate amount of principal
                  payments made to the Class B Certificateholders, summed from
                  deposits for principal payments made to the collection account
                  prior to such date, minus the aggregate amount of Class B
                  Investor Charge-offs as defined at B.5(c) for all prior
                  Distribution Dates, minus the amount of Reallocated Class B
                  Principal Collections, as defined at B.7(b), allocated on all
                  prior Distribution Dates.

              (f) The Class B Invested Amount calculated in B.7(e) above less
                  the excess of the Principal Funding Account Balance over the
                  Class B Invested Amount on such date of determination.

<PAGE>

              (g) Calculated the amount as the Class A Initial Invested Amount,
                  per the Supplement, minus the aggregate amount of principal
                  payments made to the Class A Certificateholders, summed from
                  deposits for principal payments made to the collection account
                  prior to such date, minus the aggregate amount of Class A
                  Investor Charge-offs as defined at B.5(a) for all prior
                  Distribution Dates over Class A Investor Charge-offs
                  reimbursed prior to such date defined at B.5(g).

              (h) The Class A Invested Amount calculated in B.7(g) above less
                  the funds on deposit in the Principal Funding Account on such
                  date of determination.

       8.     (a) Multiplied the Finance Charges and Fees obtained from the
                  system reports processed during the related Monthly Period by
                  the Class A Floating Percentage, per B.2(k) above, and the
                  Floating Allocation Percentage, per B.2(j) above.

              (b) Multiplied the Finance Charges and Fees obtained from the
                  system reports processed during the related Monthly Period by
                  the Class B Floating Percentage, per B.2(l) above, and the
                  Floating Allocation Percentage, per B.2(j) above.

              (c) Multiplied the Finance Charges and Fees obtained from the
                  system reports processed during the related Monthly Period by
                  the Collateral Floating Percentage, per B.2(k) above, and the
                  Floating Allocation Percentage, per B.2(j) above.

       9.     (a) Inquired of management  of the Servicer as to the  existence
                  of a Principal Funding Account.  Management  indicated there
                  was none.

              (b) As defined in Section 2.01 of the Supplement, there is no
                  Accumulated Shortfall with respect to the related Monthly
                  Period until a Controlled Accumulation Period begins, which
                  management informed us did not occur.

              (c)  Inquired of  management  of the Servicer as to the existence
                   of a Principal Funding Account.  Management  indicated there
                   was none.

              (d) Inquired of management  of the Servicer as to the  existence
                  of a Principal Funding Account.  Management  indicated there
                  was none.

       10.    (a) As defined in Section 2.01 of the Supplement, there is no
                  Reserve Draw with respect to the Monthly Period until a
                  Controlled Accumulation Period or Rapid Amortization Period
                  begins, which management informed us did not occur.

              (b) As defined in Section 2.01 of the Supplement, there is no
                  Reserve Draw with respect to the Monthly Period until a
                  Controlled Accumulation Period or Rapid Amortization Period
                  begins, which management informed us did not occur.

              (c) As defined in Section 2.01 of the Supplement, there is no
                  Reserve Draw with respect to the Monthly Period until a
                  Controlled Accumulation Period or Rapid Amortization Period
                  begins, which management informed us did not occur.

<PAGE>

              (d) As defined in Section 2.01 of the Supplement, there is no
                  Reserve Draw with respect to the Monthly Period until a
                  Controlled Accumulation Period or Rapid Amortization Period
                  begins, which management informed us did not occur.

       11.    (a) Multiplied the number of days in the Interest Period by
                  the Class A Certificate Rate and by the outstanding principal
                  amount of the Class A Certificates as of the close of business
                  on the last day of the preceding Monthly Period, then divided
                  by 360. We agreed this amount to the product of Class A
                  Floating Percentage, per B.2(k) above, and the amount on
                  deposit in the Collection Account with respect to the Monthly
                  Period.

              (b) Multiplied the number of days in the Interest Period by the
                  Class B Certificate Rate and by the outstanding principal
                  amount of the Class B Certificates as of the close of business
                  on the last day of the preceding Monthly Period, then divided
                  by 360. We agreed this amount to the product of Class B
                  Floating Percentage, per B.2(l) above, and the amount on
                  deposit in the Collection Account with respect to the Monthly
                  Period.

              (c) Multiplied the number of days in the Interest Period by the
                  Collateral Certificate Rate and by the outstanding principal
                  amount of the Collateral Certificates as of the close of
                  business on the last day of the preceding Monthly Period, then
                  divided by 360. We agreed this amount to the product of Class
                  B Floating Percentage, per B.2(m) above, and the amount on
                  deposit in the Collection Account with respect to the Monthly
                  Period.

              (d) We reviewed of the Collection Account statements with respect
                  to the Monthly Periods noting there were no deposits of
                  Principal Collections.

       12.    (b) (i)   Calculated the amount as Class A Monthly Finance
                        Charges and Fees, per B.8(a) above, less the Class A
                        Monthly Interest Available Funds, per B.11(a) above,
                        less Class A Servicing Fee, per B.6(a) above, less Class
                        A Investor Default Amount, per B.4(b) above.

                  (ii)  Calculated the amount as Class B Monthly Finance Charges
                        and Fees, per B.8(b) above, less the Class B Monthly
                        Interest Available Funds, per B.11(b) above, less Class
                        B Servicing Fee, per B.6(b) above, less Class B Investor
                        Default Amount, per B.4(c) above.

                  (iii) Multiplied the Finance Charges and Fees obtained from
                        the system reports processed during the related Monthly
                        Period by the Collateral Floating Percentage, per B.2(m)
                        above, and the Floating Allocation Percentage, per
                        B.2(j) above.

              (c) As noted in B.7(a) above, there were no Required Amounts
                  during the period.

              (d) As noted in B.5(a) above, there were no Investor Charge-offs
                  during the period.

<PAGE>

              (e) As noted in B.7(b) above, there were no Required Amounts
                  during the period.

              (f) As noted in B.7(b) above, there were no Required Amounts
                  during the period.

              (g) Excess Spread applied was calculated as zero as no reduction
                  of the Class B Invested Amount was noted during the
                  calculation described in B.7(e).

              (h) Compared the amounts on B.12(b)(iii) and B.11(c), noting
                  that B.12(b)(iii), exceeds B.11(c). Agreed the amount to
                  B.11(c).

              (i) Computed the difference between B.12(b)(iii) and B.11(c)
                  and noted that it exceeded B.6(c). Agreed the amount to
                  B.6(c).

              (j) Computed the difference between B.12(b)(iii) and the sum of
                  B.11(c) and B.6(c) and noted that it exceeded B.4(d).
                  Agreed the amount to B.4(d).

              (k) Excess Spread applied was calculated as zero as no reduction
                  of the Collateral Invested Amount was noted during the
                  calculation described in B.7(e).

              (l) Inquired of management as to the existence of a Reserve
                  Account. Management indicated there was none.

       13.    (a) Calculated that the Investor Finance Charge Collections did
                  not result in a Finance Charge Shortfall for Series 2001-1
                  with respect of the Monthly Period.

              (b) Summed the Finance Charge Shortfall for all series in Group
                  One with respect of the Monthly Period.

       14.        (a) Calculated the Base Rate by summing the Class A, Class B,
                  and Collateral Monthly Interest and the Monthly Servicing Fee
                  and dividing the sum by the Invested Amount as of the last day
                  of the preceding Monthly Period and multiplied the result by
                  the number of days in the Monthly Period and divided by 360.

       15.        (a) Calculate the Portfolio Yield by summing the Floating
                  Allocation of Finance Charge Receivables, the Principal
                  Funding Investment Proceeds deposited into the Collection
                  Account on the Distribution Date related to such Monthly
                  Period, the amount of the Reserve Draw Amount, less the
                  Investor Default Amount for the Distribution Date with respect
                  to such Monthly Period, all divided by the Invested Amount as
                  of the last day of the preceding Monthly Period and multiplied
                  by the result by the number of days in the Monthly Period and
                  divided by the number of days in the year.

              (b) Inquired of management as to any Transfer Date occurring
                  during the period. Management indicated there was none.

<PAGE>

We were not engaged to and did not conduct an examination, the objective of
which would be the expression of an opinion on the Monthly Certificateholders'
Statements (as amended, if applicable) for Series 2000-1 of the National City
Credit Card Master Trust or National City's compliance with the terms and
conditions of the Agreement. Accordingly we do not express such an opinion. Had
we performed 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 board of
directors and managements of National City and The Bank of New York, and is not
intended to be and should not be used by anyone other than these specified
parties. However, this report is a matter of public record and its distribution
is not limited.

March 18, 2002