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                MERCANTILE BANK OF ILLINOIS NATIONAL ASSOCIATION

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                      MERCANTILE CREDIT CARD MASTER TRUST

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      The undersigned, a duly authorized representative of Mercantile Bank of
Illinois National Association, as Servicer ("Mercantile"), pursuant to the
Pooling and Servicing Agreement, dated May 17, 1995 (the "Agreement"), among
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Mercantile, as Seller and Servicer, and Chase Manhattan Bank (formerly
Chemical Bank), as Trustee, does hereby certify that:

      1.    Mercantile is, as of the date hereof, the Servicer under the
            Agreement.  Capitalized terms used in this Certificate have their
            respective meanings as set forth in the Agreement

      2.    The undersigned is a Servicing Officer who is duly authorized
            pursuant to the Agreement to execute and deliver this Certificate
            to the Trustee.

      3.    A review of the activities of the Servicer during the period
            ended August 30, 1996, and of its performance under the Agreement
            was conducted under my supervision.

      4.    Based on such review, the Servicer has, to the best of my
            knowledge, performed in all material respects its obligations
            under the Agreement throughout such year and no default in the
            performance of such obligations has occurred or is continuing
            except as set forth in paragraph 5 below.

      5.    The following is a description of each default in the performance
            of the Servicer's obligations under the provisions of the
            Agreement known to me to have been made by the Servicer during
            the period ended August 30, 1996, which sets forth in detail (i)
            the nature of each such default, (ii) the action taken by the
            Servicer, if any, to remedy each such default and (iii) the
            current status of each such default:

            -     The Monthly Certificates were not filed on Form 8-K with
                  the SEC on a timely basis.  Certificates for August,
                  September, and October 1995 were all filed as of November
                  29, 1995.

            -     The Monthly Certificates were not delivered to the rating
                  agencies by the Determination Date which is three business
                  days Prior to the Distribution Date.

            -     Item number 12 (the aggregate purchases made for the Trust
                  with respect to the prior monthly period) and item number
                  21 (The Floating Allocation Percentage during the Monthly
                  Period) were incorrect on each Monthly Certificate holder's
                  Statement.

      IN WITNESS WHEREOF, the undersigned has duly executed this Certificate
this 3rd day of October, 1996.


                                          MERCANTILE BANK OF ILLINOIS
                                          NATIONAL ASSOCIATION,
                                          Servicer,
                                          By:


                                                 /s/ Daniel J. Trueman
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                                                Daniel J. Trueman
                                                Vice President