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      Independent Auditor's Report - Attestation on Management's Assertion
           About Compliance With Article III, Section 3.04 (b) of the
      Mercantile Credit Card Master Trust Pooling and Servicing Agreement
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Mercantile Credit Card Master Trust
c/o Chemical Bank, as Trustee

Mercantile Bank of Illinois N.A., as Servicer:

We have examined the accompanying assertion made by management on Mercantile
Bank of Illinois N.A.'s (MBINA) compliance, as servicer, with the
requirements for preparation of the Monthly Servicer Certificates in
accordance with  Article III, Section 3.04 (b) of the Pooling and Servicing
Agreement for the Mercantile Credit Card Master Trust dated as of May 17,
1995, and the applicable provisions of the Supplement, among MBINA as seller
and servicer, and Chase Manhattan Bank (formerly Chemical Bank), as Trustee,
(the "Agreement") for the year ended August 30, 1996.  Management is
responsible for MBINA's compliance with the requirements for preparation of
the Monthly Servicer Certificates in accordance with  Article III, Section
3.04 (b) of the Agreement.  Our responsibility is to express an opinion on
management's assertion about MBINA's compliance based upon our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about MBINA's compliance with the
aforementioned provision of the Agreement and performing such other
procedures as we considered necessary in the circumstances.  We believe that
our examination provides a reasonable basis for our opinion.  Our examination
does not provide a legal determination on MBINA's compliance with that
provision.

In our opinion, management's assertion that MBINA was in compliance with the
requirements for preparation of the Monthly Servicer Certificates in
accordance with Article III, Section 3.04 (b) of the Agreement for the year
ended August 30, 1996, except for item number 12 and item number 21 were
incorrect on each Monthly Certificate holder's Statement, is fairly stated,
in all material respects.

As discussed in management's assertion, for the year ended August 30, 1996
item number 12 and item number 21 were incorrect on each Monthly Certificate
holder's Statement.



October 3, 1996

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    Management Report on Mercantile Bank of Illinois National Association's
       Compliance, as Servicer, with Article III, Section 3.04 (b) of the
      Mercantile Credit Card Master Trust Pooling and Servicing Agreement
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Management of Mercantile Bank of Illinois National Association (MBINA), as
Servicer, is responsible for the preparation of the Monthly Servicer
Certificates in compliance with Article III, Section 3.04 (b) of the Pooling
and Servicing Agreement for the Mercantile Credit Card Master Trust dated as
of May 17, 1995, among MBINA, as seller and servicer, and Chase Manhattan
Bank (formerly Chemical Bank), as trustee (the "Agreement").

Management has performed an evaluation of MBINA's compliance with the
requirements for preparation of the Monthly Servicer Certificates in
accordance with Article III, Section 3.04 (b) of the Agreement for the year
ended August 30, 1996.  Based upon this evaluation, management believes that,
for the year ended August 30, 1996, MBINA, as servicer, was materially in
compliance with the requirements for preparation of the Monthly Servicer
Certificates in accordance with Article III, Section 3.04 (b) of the
Agreement, except for item number 12 and item number 21 were incorrect on
each Monthly Certificate holder's Statement.







                                           /s/ Daniel J. Trueman
                                          ----------------------------------
                                          Daniel J. Trueman
                                          Vice President
                                          October 3, 1996