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                     Securities and Exchange Commission
                           Washington, DC 20549

                                Form 10-K

             ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D)
                OF THE SECURITIZATION EXCHANGE ACT OF 1934

FOR THE YEAR ENDED:                                    COMMISSION FILE NUMBER:
 August 30, 1997                                             33-89380-01

                   MERCANTILE BANK NATIONAL ASSOCIATION.
            on behalf of MERCANTILE CREDIT CARD MASTER TRUST
------------------------------------------------------------------------------
         (Exact name of registrant as specified in its charter)


             United States of America                37-0152681
             ------------------------                ----------
           (State or other jurisdiction            (IRS Employer
        of incorporation or organization)        Identification No.)

                            140 West Hawthorne
                         Hartford, Illinois 62048
                         ------------------------

         (Address of principal executive offices)  (zip code)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (618) 251-2035

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:  NONE

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

            Mercantile Credit Card Master Trust Class A Floating
            Rate Credit Card Participation Certificates, Series
            1995-1, and Class B Floating Rate Credit Card
            Participation Certificates, Series 1995-1

INDICATE BY CHECK MARK WHETHER THE REGISTRANT HAS (1) FILED ALL REPORTS
REQUIRED TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE
REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS) AND (2) BEEN SUBJECT TO SUCH
FILING REQUIREMENTS FOR THE PAST 90 DAYS.

YES      X             NO
     ---------             ---------


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State the aggregate market value of the voting stock held by non-affiliates
of the Registrant.

The Registrant has no voting stock or class of common stock outstanding as of
the date of this report.

                          INTRODUCTORY NOTE
                          -----------------

Mercantile Bank National Association (the "Originator"), the originator of
the Mercantile Credit Card Master Trust (referred to herein as the
"Registrant" or the "Trust"), is the Originator, seller, and servicer under
the Pooling and Servicing Agreement (the "Agreement"), dated May 17, 1995,
and the Series 1995-1 Supplement dated May 17, 1995, by and between the
Originator and The Chase Manhattan Bank (the successor-by-merger to Chemical
Bank), as the trustee (the "Trustee"), providing for the issuance of the
Mercantile Credit Card Master Trust Class A Floating Rate Credit Card
Participation Certificates, Series 1995-1, and Class B Floating Rate Credit Card
Participation Certificates, Series 1995-1 (collectively, the "Certificates").
The Certificates represent obligations of, and interests in, the Registrant and
do not represent obligations of, or any interest in, the Originator.  On behalf
of the Registrant, by letter dated May 15, 1995, and July 6, 1995, the
Originator made application pursuant to Section 12 (b) of the Securities
Exchange Act of 1934 for an exemption from certain reporting requirements.
Pursuant to the Response of the Office of Chief Counsel Division of Corporate
Finance of the Securities and Exchange Commission dated August 23, 1995,
granting Originator's request for such exemption pursuant to Section 12(b),
Originator is not required to respond to various items of the Form 10-K.  Such
items are designated herein as "Not Applicable".


                                 PART I
                                 ------

ITEM 1.              BUSINESS
-------
              -------------------------------------
                     Not Applicable


ITEM 2.              PROPERTIES
-------
              -------------------------------------
                     Not Applicable


ITEM 3.              LEGAL PROCEEDINGS
-------
              -------------------------------------
                     None


ITEM 4.              SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS.
-------
              -------------------------------------------------------------
                     None


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                               PART II
                               -------

ITEM 5.              MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
-------              STOCKHOLDER MATTERS.

              -------------------------------------------------------------
                     The Certificates representing investors' interests in
                     the Trust are represented by certificates registered in the
                     name of Cede & Co., the nominee of The Depository Trust
                     Company ("DTC").



ITEM 6.              SELECTED FINANCIAL DATA
-------
              -------------------------------------------------
                     Not Applicable


ITEM 7.              MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
-------              CONDITION AND RESULTS OF OPERATIONS.

              -------------------------------------------------------------
                     Not Applicable


ITEM 8.              FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
-------
              -------------------------------------------------
                     Not Applicable


ITEM 9.              CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON
-------              ACCOUNTING AND FINANCIAL DISCLOSURE

              -------------------------------------------------
                     None


ITEM 10.             DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
--------
              -------------------------------------------------
                     Not Applicable


ITEM 11.             EXECUTIVE COMPENSATION
--------

              -------------------------------------------------
                     Not Applicable


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                               PART III
                               --------

ITEM 12.             SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
                     MANAGEMENT

              ---------------------------------------------------------------


                     (a)   The Certificates of each class of each series
                           representing investors' interests in the Trust are
                           represented by Certificates registered in the name
                           of Cede & Co., the nominee of The DTC, and an
                           investor holding an interest in the Trust is not
                           entitled to receive a Certificate representing
                           such interest except in certain limited
                           circumstances. Accordingly, as of the Registrant's
                           fiscal year end, August 30, 1997, Cede & Co. is the
                           sole holder of records of Certificates.  Cede & Co.
                           holds the Certificates on behalf of brokers, dealers,
                           banks and other direct participants in The DTC
                           system. Direct DTC participants may own Certificates
                           for their own accounts or hold them for the accounts
                           of their customers.  As of August 30, 1997, the
                           following direct DTC participants held positions
                           in Certificates representing interests in the Trust
                           equal to or exceeding 5% of the total principal
                           amount of the Certificates of each class of each
                           series outstanding on that date:

<TABLE>
<CAPTION>
                     Title                                                  Aggregate Amount             Percentage
                     Of Class                                               of Certificate               of Ownership
                     --------                                               ----------------             ------------

<S>                                                                            <C>                          <C>
Series 1995-1
                     Class A

                     Chase Manhattan                                           $87,850,000                  27.11%
                     SWISS America                                             $60,000,000                  18.52%
                     Boston Safe                                               $32,825,000                  10.13%
                     Bank of New York                                          $30,000,000                   9.26%
                     Republic Bank Investments                                 $27,000,000                   8.33%
                     Bankers Trust                                             $19,500,000                   6.02%
                     Chase Securities                                          $18,315,000                   5.65%

                     Class B

                     NBD Municipal                                             $15,000,000                  37.50%
                     Bank of Boston                                            $10,000,000                  25.00%
                     SANWA Bank                                                $10,000,000                  25.00%
                     SSB Cust                                                  $ 5,000,000                  12.50%

</TABLE>

The address of each of the above participants is:

                     c/o The Depository Trust Company
                     7 Hanover Square
                     23rd floor, Proxy Department
                     New York, New York 10004

                     (b)  Not Applicable


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                     (c)   Not Applicable

ITEM 13.             CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
--------

              -------------------------------------------------------
                     None


ITEM 14.             EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
--------             ON FORM 8-K

              -------------------------------------------------------

(a)   The following documents are filed as part of this Report:

      3.  Exhibits

          19.1    Independent Auditors' Report with respect to Compliance
                  with the Servicing Requirements of the Mercantile Credit Card
                  Master Trust Pooling and Servicing Agreement and applicable
                  provisions of the Series 1995-1 Supplement.

          19.2    Independent Auditors' Report with respect to Compliance
                  with the Article III, Section 3.04(b) of the Mercantile Credit
                  Card Master Trust Pooling and Servicing Agreement an
                  applicable provisions of the Series 1995-1 Supplement.

          19.3    Annual Statement of Mercantile Bank National Association
                  dated as of November 25, 1997.

          The Annual Report for calendar year 1997 is not required to be
          delivered until January 31, 1998.


During the quarter ended August 30, 1997, three reports on Form 8-K were
filed with respect to the Trust.  Such reports were dated June 12, 1997,;
July 11, 1997; and August 13, 1997; and each report reported the following
item:

                  Item 5. Other Events.


(a)   See Item 14(a)  3. Above.


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                              SIGNATURES
                              ----------

Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

                                        Mercantile Bank National Association,
                                        as Originator of the Trust


Date:  November 28, 1997

                                        By: /s/ Jeffrey D. Cary
                                            --------------------

                                                Jeffrey D. Cary
                                                Vice President


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<TABLE>
                                       EXHIBIT INDEX
<CAPTION>

EXHIBIT
-------
                                                                                                  Page
                                                                                                  ----
<C>    <S>                                                                                         <C>
19.1   Independent Auditors' Report with respect to Compliance with the
       Servicing Requirements of the Mercantile Credit Card Master Trust
       Pooling and Servicing Agreement and and applicable provisions of the
       Series 1995-1 Supplement.                                                                    8


19.2   Independent Auditors' Report with respect with respect to Compliance
       With Article III Section 3.04(b) of the Mercantile Credit Card Master
       Trust Pooling and Servicing Agreement and applicable provisions of the
       Series 1995-1 Supplement.                                                                   10


19.3   Annual Statement of Mercantile Bank National Association dated as of
       November 28, 1997.                                                                           12


</TABLE>


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