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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 SECURITIES ACT OF 1934

 FOR THE YEAR ENDED:                                  COMMISSION FILE NUMBER:
   August 30, 1999                                          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,
                        1999, 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, 1999, 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>                     <C>
Series 1995-1
                           Class A

                           SWISS America                    $60,000,000             18.52%
                           Bank of New York                 $50,000,000             15.43%
                           Chase Manhattan                  $48,760,000             15.04%
                           Bankers Trust                    $39,500,000             12.19%
                           Norwest Bank                     $23,790,000              7.34%
                           Boston Safe                      $32,200,000              9.94%
                           Republic Bank Investments        $27,000,000              8.33%

                           Class B

                           Bank One Trust                   $15,000,000             37.50%
                           Boston Safe                      $10,000,000             25.00%
                           Chase Manhattan                  $10,000,000             25.00%
                           SSB                              $ 5,000,000             12.50%
</TABLE>

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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

                   (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 and Management 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 and Management Report with
                  respect to Compliance with the 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.

         19.3     Annual Statement of Mercantile Bank National Association
                  dated as of September 17, 1999.

         The Annual Report for calendar year 1999 is not required to be
         delivered until January 31, 2000.

During the year ended August 30, 1999, twelve reports on Form 8-K were
filed with respect to the Trust.  Such reports were dated September 17, 1998;

October 23, 1998; November 16, 1998; December 17, 1998; January 20, 1999;
February 17, 1999; March 17, 1999; April 19, 1999; May 18, 1999; June 18,
1999; July 19, 1999; and August 18, 1999; 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
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 24, 1999

                                     By:   /s/ Keith Roever


                                           Keith Roever
                                           President

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EXHIBIT INDEX
-------------

<TABLE>
<CAPTION>
                                                                                              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 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
         September 17, 1999.                                                                   12
</TABLE>

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