UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K

              [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                   For the fiscal year ended December 31, 2000

                                       OR

            [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                   For the transition period from ___ to ___
     Commission File Nos. 000-20787-00; 000-20787-01; 33-95784; 333-67567;
                          333-91473-00; 333-91473-01

                  AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST
                            (Issuer of Certificates)

                         AMERICAN EXPRESS CENTURION BANK
                  Co-Originator of the Trust and a Transferor
             (Exact name of registrant as specified in its charter)

             Utah                                              11-2869526
   (State or other jurisdiction                             (I.R.S. Employer
  of incorporation or organization)                         Identification No.)

6985 Union Park Center, Midvale, Utah                            84047
(Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code (801) 565-5000


              AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION II
                  Co-Originator of the Trust and a Transferor
             (Exact name of registrant as specified in its charter)

          Delaware                                              13-3854638
   (State or other jurisdiction                              (I.R.S. Employer
  of incorporation or organization)                          Identification No.)

200 Vesey Street, New York, New York                             10285
(Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code (212) 640-4473

      Securities registered pursuant to Section 12(b) of the Act: NONE

      Securities registered pursuant to Section 12(g) of the Act:

      the Class A Series 1996-1 6.80% Asset Backed Certificates,
      the Class B Series 1996-1 6.95% Asset Backed Certificates,
      the Class A Series 1997-1 6.40% Asset Backed Certificates,
      the Class B Series 1997-1 6.55% Asset Backed Certificates,
      the Class A Series 1998-1 Floating Rate Asset Backed Certificates,
      the Class B Series 1998-1 Floating Rate Asset Backed Certificates,
      the Class A Series 1999-1 5.60% Asset Backed Certificates,
      the Class B Series 1999-1 5.85% Asset Backed Certificates,
      the Class A Series 1999-2 5.95% Asset Backed Certificates,
      the Class B Series 1999-2 6.10% Asset Backed Certificates,
      the Class A Series 1999-3 Floating Rate Asset Backed Certificates,
      the Class B Series 1999-3 Floating Rate Asset Backed Certificates,
      the Class A Series 1999-4 Floating Rate Asset Backed Certificates,
      the Class B Series 1999-4 Floating Rate Asset Backed Certificates,
      the Class A Series 1999-5 Floating Rate Asset Backed Certificates,
      the Class B Series 1999-5 Floating Rate Asset Backed Certificates,
      the Class A Series 1999-6 Floating Rate Asset Backed Certificates,
      the Class B Series 1999-6 Floating Rate Asset Backed Certificates,
      the Class A Series 2000-1 7.20% Asset Backed Certificates,
      the Class B Series 2000-1 7.40% Asset Backed Certificates,
      the Class A Series 2000-2 Floating Rate Asset Backed Certificates,
      the Class B Series 2000-2 Floating Rate Asset Backed Certificates,
      the Class A Series 2000-3 Floating Rate Asset Backed Certificates,
      the Class B Series 2000-3 Floating Rate Asset Backed Certificates,
      the Class A Series 2000-4 Floating Rate Asset Backed Certificates,
      the Class B Series 2000-4 Floating Rate Asset Backed Certificates,
      the Class A Series 2000-5 Floating Rate Asset Backed Certificates,
      the Class B Series 2000-5 Floating Rate Asset Backed Certificates,
      the Class A Series 2001-1 Floating Rate Asset Backed Certificates,
      the Class B Series 2001-1 Floating Rate Asset Backed Certificates,
      the Class A Series 2001-2 Floating Rate Asset Backed Certificates and
      the Class B Series 2001-2 Floating Rate Asset Backed Certificates


THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION I(1)(a) AND
(b) OF FORM 10-K AND HAS  THEREFORE  OMITTED  CERTAIN  ITEMS FROM THIS REPORT IN
ACCORDANCE WITH THE REDUCED DISCLOSURE FORMAT PERMITTED UNDER INSTRUCTION I.

Indicate by check mark whether the registrant (1) has 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)  has  been  subject  to such  filing
requirements for the past 90 days.      Yes X     NO

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best  of  the  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment to this Form 10-K.            Not applicable.

State the aggregate market value of the voting stock held by non-affiliates of
the registrant:                         Not applicable.


                    DOCUMENTS INCORPORATED BY REFERENCE: NONE


<PAGE>



                                     PART I

Item 1:  Business

     The American  Express  Credit Account Master Trust (the "Trust") was formed
pursuant to a Pooling and Servicing Agreement (the "Agreement"), dated as of May
16, 1996, among American Express Centurion Bank and American Express Receivables
Financing  Corporation II ("RFC II"),  each as an Originator,  American  Express
Travel Related Services Company, Inc. ("TRS"), as servicer (the "Servicer"), and
The  Bank  of  New  York,  as  trustee  (the  "Trustee").  RFC  II,  a  Delaware
corporation,  is a wholly owned subsidiary of TRS. It was incorporated on August
7, 1995.  Its principal  executive  office is located at 200 Vesey Street,  Mail
Stop 4607B,  New York,  New York.  TRS is a wholly owned  subsidiary of American
Express Company. It was incorporated in the state of New York on May 3, 1982 and
its principal  executive offices are located at 200 Vesey Street,  New York, New
York.  American Express  Centurion Bank was incorporated  under Delaware banking
laws as a limited  service  bank in 1985.  As of July 1, 1996,  its business was
combined  by merger with  another  subsidiary  of TRS that is a  Utah-chartered,
FDIC-insured  industrial  loan company.  The surviving  institution  was renamed
American Express Centurion Bank ("Centurion"). Its principal executive office is
located at 6985 Union Park Center, Midvale, Utah.

     The Trust was formed for the  purpose of  acquiring  and  holding the Trust
Assets (defined below) and from time to time issuing  asset-backed  certificates
(the  "Certificates")  under the Agreement and one or more  supplements  thereto
(each, a "Supplement"),  including  issuing and selling certain  Certificates to
investors in  underwritten  public  offerings  ("Investor  Certificates").  Each
Certificate  represents  an  undivided  interest  in the  Trust and the right to
receive  payments of interest at a specified  rate and  payments of principal at
certain times during the term of the Trust. Each series of Investor Certificates
(each, a "Series")  will have its own Supplement to govern the individual  terms
and allocations applicable to such Series.

     The  property of the Trust (the  "Trust  Assets")  includes a portfolio  of
receivables  (the  "Receivables")  generated from time to time in a portfolio of
designated  American  Express  Credit Card  (whether  branded  Optima(R)Card  or
otherwise),  Optima Line of Credit and Sign & Travel(R)/Extended  Payment Option
consumer  revolving  credit  accounts  or  features  and other  charge or credit
accounts or products (collectively,  the "Accounts") owned by Centurion or other
eligible account owners (each,  including  Centurion,  an "Account Owner"),  all
monies due or to become due in payment of the Receivables,  all proceeds of such
Receivables  and any Series  Enhancement  provided for any particular  Series or
class of Certificates.  "Series  Enhancement"  may include,  with respect to any
Series or class of  Certificates,  the  subordination  of one or more classes or
Series of Certificates to one or more other classes or Series of Certificates, a
letter of credit,  a cash  collateral  guaranty,  a cash collateral  account,  a
surety  bond,  a  collateral  interest,  a spread  account,  a  guaranteed  rate
agreement,  a maturity  liquidity  facility,  a tax  protection  agreement or an
insurance policy.

     No Originator or Account Owner will act as a guarantor  with respect to any
payments  on the  Certificates,  and  neither the Trustee nor the holders of the
Certificates  will have general recourse against any Originator or Account Owner
or the assets of any Originator or Account Owner.  Instead the Trustee's and the
Certificateholders' only recourse in any action seeking to collect amounts owing
under the Certificates will be against, and limited to, the Trust Assets.

     The  Receivables  that, to date, have been conveyed to the Trust arise from
Accounts  selected from Centurion's  portfolio and consist of amounts charged or
otherwise  borrowed by Account  holders for goods and services and cash advances
("Principal  Receivables"),  plus the related periodic finance charges,  amounts
charged to  Accounts in respect of late  charges  and  certain  other items (the
"Finance Charge Receivables").

     Each Series of  Investor  Certificates  will  belong to a certain  group of
Series (each, a "Group"). The Series included in a particular Group will share a
common  distribution  date and other terms,  and certain cash collections may be
allocated among the Series within a Group (any Group for which  collections will
be so allocated  is  hereinafter  referred to as a  "Reallocation  Group").  The
Agreement and  Supplements  govern the  allocation of  collections in respect of
Principal  Receivables and Finance Charge  Receivables  between the interests of
the  transferors  and the  Investor  Certificateholders  and,  for the  Investor
Certificateholders,  to each Group,  based generally on the sum of the principal
amounts of Investor  Certificates for all Series in all Groups.  Each Supplement
will prescribe the manner in which collections will be allocated among Series.


                                      - 1 -


<PAGE>



     Each  Group may have a certain  number of Series  which  will  share,  to a
limited extent, the collections in respect of Principal  Receivables and Finance
Charge  Receivables  allocated  to  such  Group.  In  addition,  certain  excess
collections of Principal Receivables ("Shared Principal Collections") or Finance
Charge Receivables ("Excess Finance Charge  Collections")  allocated to a Series
in one Group that are not  required to make  distributions  with  respect to the
Certificates  of the  Series  in such  Group may be  shared  with the  Series in
another Group (each such Series is hereinafter referred to,  respectively,  as a
"Principal Sharing Series" and an "Excess Allocation Series").  For each Series,
the  Supplement  relating  to such  Series  will  govern the terms and timing of
payment  of  interest  and  principal  and the  allocations  of  collections  of
Principal  Receivables and Finance Charge  Receivables  among the various Series
within such Series' Group and among Series in a different Group.

     The Trust will not engage in any business activity other than acquiring and
holding the Trust Assets,  issuing  Certificates,  making  payments  thereon and
related activities.  Pursuant to the Agreement,  the Trustee will hold the Trust
Assets in trust for the benefit of the holders of the  Certificates,  and TRS or
any  successor  servicer,   as  the  Servicer,   will  be  responsible  for  the
administration and servicing of the Receivables. The Trust has issued 32 classes
of Investor Certificates:

     .    Class A Series 1996-1  6.80%  Asset  Backed  Certificates  and Class B
          Series  1996-1  6.95%  Asset  Backed  Certificates (collectively,  the
          "Series 1996-1 Certificates");

     .    Class A Series  1997-1  6.40% Asset  Backed  Certificates  and Class B
          Series  1997-1  6.55% Asset  Backed  Certificates  (collectively,  the
          "Series 1997-1 Certificates");

     .    Class A Series  1998-1  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  1998-1  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 1998-1 Certificates");

     .    Class A Series  1999-1  5.60% Asset  Backed  Certificates  and Class B
          Series  1999-1  5.85% Asset  Backed  Certificates  (collectively,  the
          "Series 1999-1 Certificates");

     .    Class A Series  1999-2  5.95% Asset  Backed  Certificates  and Class B
          Series  1999-2  6.10% Asset  Backed  Certificates  (collectively,  the
          "Series 1999-2 Certificates");

     .    Class A Series  1999-3  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  1999-3  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 1999-3 Certificates");

     .    Class A Series  1999-4  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  1999-4  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 1999-4 Certificates");

     .    Class A Series  1999-5  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  1999-5  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 1999-5 Certificates");

     .    Class A Series  1999-6  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  1999-6  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 1999-6 Certificates");

     .    Class A Series  2000-1  7.20% Asset  Backed  Certificates  and Class B
          Series  2000-1  7.40% Asset  Backed  Certificates  (collectively,  the
          "Series 2000-1 Certificates");

     .    Class A Series  2000-2  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  2000-2  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 2000-2 Certificates");

     .    Class A Series  2000-3  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  2000-3  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 2000-3 Certificates");

     .    Class A Series  2000-4  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  2000-4  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 2000-4 Certificates");

     .    Class A Series  2000-5  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  2000-5  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 2000-5 Certificates");

                                 - 2 -


<PAGE>



     .    Class A Series  2001-1  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  2001-1  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 2001-1 Certificates"); and

     .    Class A Series  2001-2  Floating  Rate Asset Backed  Certificates  and
          Class  B  Series  2001-2  Floating  Rate  Asset  Backed   Certificates
          (collectively, the "Series 2001-2 Certificates").


     Information concerning the performance of the Trust Assets for each monthly
due period of the Trust is contained in monthly  Servicer's  reports provided to
the  Trustee  and  filed  monthly  on  Form  8-K,  and  information   concerning
distributions  made on the  Investor  Certificates  is contained in payment date
statements prepared by the Servicer and also filed on Form 8-K. The Servicer has
prepared a report that sets forth, with respect to certain of the items reported
on monthly in the monthly Servicer's reports, the aggregate amount of such items
for the full  year  2000 or,  as  applicable,  the  amount  of such  items as of
December 25, 2000. This annual report is filed herewith as Exhibit 99.3.



Item 2.  Properties

         See Exhibit 99.3.



Item 3.  Legal Proceedings

         The  Registrant knows  of  no  material pending legal  proceedings with
respect to  the Trust,  involving the Trust, the Trustee,  the Trust Assets, the
Servicer or the Originators, exclusive of ordinary routine litigation incidental
to the Trustee's, Servicer's or Originators' duties under the Agreement.



Item 4.  Submission of Matters to a Vote of Security Holders

         Not applicable.



                                     PART II

Item 5.  Market for Registrant's Common Equity and Related Stockholder Matters

         (a)  To the best knowledge of the Registrant,  there is no  established
              public trading market for the Investor Certificates.

         (b)  The Investor Certificates,  representing  investors' interests  in
              the  Trust,   were  delivered   in  book-entry  form  through  the
              facilities of the Depository Trust Company ("DTC") and the nominee
              for DTC, Cede & Co., is the sole registered holder of the Investor
              Certificates.

         (c)  Not applicable.



Item 6.  Selected Financial Data

         Not applicable.
















                                      - 3 -


<PAGE>



Item 7.  Management's   Discussion  and  Analysis  of  Financial  Condition  and
         Results of Operations

         Not applicable.



Item 7a. Quantitative and Qualitative Disclosures About Market Risk

         Not applicable.



Item 8.  Financial Statements and Supplementary Data

         See Exhibit 99.3.



Item 9.  Changes  in  and  Disagreements  with  Accountants  on  Accounting  and
         Financial Disclosure

         None.




                                    PART III

Item 10. Directors and Executive Officers of the Registrant

         Not applicable.



Item 11. Executive Compensation

         Not applicable.




























                                      - 4 -


<PAGE>



Item 12. Security Ownership of Certain Beneficial Owners and Management

        (a)   The  Investor  Certificates  were  delivered  in  book-entry  form
              through the facilities of DTC. As a  consequence,  the nominee for
              DTC,  Cede  &  Co.,  is  the  sole  registered  holder of Investor
              Certificates. An investor holding an interest in  the Trust is not
              entitled to  receive  a  certificate  representing  such  interest
              except in limited  circumstances.  Cede & Co.  holds  the Investor
              Certificate  on  behalf  of  brokers,  dealers,  banks  and  other
              direct  participants  in the DTC system.  DTC participants may own
              Investor  Certificates for their own account or hold  them for the
              accounts  of  their  customers.  As of March 5, 2001 the following
              direct DTC  participants  held positions in Investor  Certificates
              representing interests in the Trust equal to or  exceeding  5%  of
              the  total  principal  amount of the Investor Certificates of each
              class of each Series outstanding on that date:
<TABLE>

<CAPTION>
                                                         Principal
                                                         Amount of      Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------
              <S>               <C>                     <C>              <C>
              CLASS A SERIES
              1996-1 6.80%
              ASSET BACKED
              CERTIFICATES:     Chase Manhattan Bank    $160,648,000      18.6%

                                State Street Bank &
                                  Trust Company         $108,035,000      12.5%

                                The Bank of New York    $ 82,995,000       9.6%

                                Boston Safe Deposit &
                                  Trust Company         $ 82,915,000       9.6%

                                Bank of Tokyo -
                                  Mitsubishi Trust
                                  Company               $ 80,000,000       9.2%

                                Citibank, N.A.          $ 52,598,000       6.1%

                                The Northern Trust
                                  Company               $ 50,325,000       5.8%



              CLASS B SERIES
              1996-1 6.95%
              ASSET BACKED
              CERTIFICATES:     Chase Manhattan Bank    $ 23,000,000      38.3%

                                Investors Bank &
                                  Trust Company         $ 22,575,000      37.6%

                                The Bank of New York    $  5,550,000       9.2%

                                Bank One Trust Company,
                                  N.A.                  $  4,250,000       7.1%
</TABLE>









                              - 5 -


<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                         Amount of      Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------
              <S>               <C>                     <C>              <C>
              CLASS A SERIES
              1997-1 6.40%
              ASSET BACKED
              CERTIFICATES:     Chase Manhattan Bank    $247,269,000     28.6%

                                The Bank of New York    $ 93,440,000     10.8%

                                Bankers Trust Company   $ 91,003,000     10.5%

                                The Northern Trust
                                  Company               $ 77,193,000      8.9%

                                State Street Bank &
                                  Trust Company         $ 77,121,000      8.9%

                                Citibank, N.A.          $ 57,515,000      6.6%

                                Boston Safe Deposit &
                                  Trust Company         $ 45,395,000      5.2%



              CLASS B SERIES
              1997-1 6.55%
              ASSET BACKED
              CERTIFICATES:     The Bank of New York    $ 19,000,000     31.7%

                                State Street Bank &
                                  Trust Company         $ 15,000,000     25.0%

                                Chase Manhattan Bank    $  9,900,000     16.5%

                                Investors Bank &
                                  Trust Company         $  9,700,000     16.2%



              CLASS A SERIES
              1998-1 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     Chase Manhattan Bank    $212,410,000     25.7%

                                Citibank, N.A.          $184,790,000     22.4%

                                Bankers Trust Company   $142,500,000     17.3%

                                Boston Safe Deposit &
                                  Trust Company         $ 81,805,000      9.9%

                                State Street Bank &
                                  Trust Company         $ 79,070,000      9.6%

</TABLE>




                                      - 6 -


<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                         Amount of      Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------
              <S>               <C>                     <C>              <C>
              CLASS B SERIES
              1998-1 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     Bankers Trust Company   $ 38,000,000     47.5%

                                Chase Manhattan Bank    $ 30,000,000     37.5%

                                Citibank, N.A.          $ 12,000,000     15.0%


              CLASS A SERIES
              1999-1 5.60%
              ASSET BACKED
              CERTIFICATES:     Bankers Trust Company   $132,981,000     15.4%

                                Chase Manhattan Bank    $113,385,000     13.1%

                                State Street Bank &
                                  Trust Company         $104,040,000     12.0%

                                Bank of New York        $ 85,319,000      9.9%

                                The Northern Trust
                                  Company               $ 58,596,000      6.8%

                                Bank One Trust
                                  Company, N.A./
                                  Public Employee
                                  Retirement            $ 55,000,000      6.4%

                                Boston Safe Deposit &
                                  Trust Company         $ 53,380,000      6.2%

                                Union Bank of
                                  California, N.A.      $ 44,245,000      5.1%


              CLASS B SERIES
              1999-1 5.85%
              ASSET BACKED
              CERTIFICATES:     FUNB - Philadelphia
                                   Main                 $ 32,500,000     54.2%

                                Chase Manhattan Bank    $ 18,000,000     30.0%

                                State Street Bank &
                                  Trust Company         $  7,000,000     11.7%

</TABLE>


                                      - 7 -

<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                         Amount of      Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------
              <S>               <C>                     <C>              <C>
              CLASS A SERIES
              1999-2 5.95%
              ASSET BACKED
              CERTIFICATES:     Bank of New York        $ 79,639,000     18.4%

                                Boston Safe Deposit &
                                  Trust Company         $ 60,920,000     14.1%

                                State Street Bank &
                                  Trust Company         $ 58,365,000     13.5%

                                Chase Manhattan Bank    $ 57,019,000     13.2%

                                Bankers Trust Company   $ 53,529,000     12.4%

                                Citibank, N.A.          $ 30,500,000      7.1%


              CLASS B SERIES
              1999-2 6.10%
              ASSET BACKED
              CERTIFICATES:     Chase Manhattan Bank    $ 16,000,000     53.3%

                                Bank of New York        $  9,800,000     32.7%

                                Brown Brothers
                                  Harriman & Co.        $  4,200,000     14.0%


              CLASS A SERIES
              1999-3 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     Chase Bank of
                                  Texas, N.A.           $360,000,000     43.6%

                                State Street Bank &
                                  Trust Company         $232,000,000     28.1%

                                Bankers Trust Company   $ 80,000,000      9.7%

                                Boston Safe Deposit &
                                  Trust Company         $ 80,000,000      9.7%

                                Citibank, N.A.          $ 50,000,000      6.1%


</TABLE>


                                      - 8 -


<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                         Amount of      Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------
              <S>               <C>                     <C>              <C>
              CLASS B SERIES
              1999-3 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     Bank One Trust
                                  Company, N.A.         $ 25,000,000     31.2%

                                Chase Bank of
                                  Texas, N.A.           $ 25,000,000     31.2%

                                Bankers Trust Company   $ 20,000,000     25.0%

                                Chase Manhattan Bank    $ 10,000,000     12.5%


              CLASS A SERIES
              1999-4 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     The Northern Trust
                                  Company               $116,000,000     28.1%

                                Boston Safe Deposit &
                                  Trust Company         $ 94,500,000     22.9%

                                Chase Manhattan Bank    $ 63,350,000     15.3%

                                Deutsche Bank A.G.,
                                  New York Branch       $ 40,000,000      9.7%

                                Bank of New York        $ 33,000,000      8.0%

                                State Street Bank &
                                  Trust Company         $ 23,000,000      5.6%


              CLASS B SERIES
              1999-4 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     Bank One Trust
                                  Company, N.A.         $  30,000,000    75.0%

                                Chase Manhattan Bank    $  10,000,000    25.0%


              CLASS A SERIES
              1999-5 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     State Street Bank &
                                  Trust Company         $273,000,000     66.2%

                                Citibank, N.A.          $113,000,000     27.4%

</TABLE>


                                      - 9 -


<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                         Amount of      Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------
              <S>               <C>                     <C>              <C>
              CLASS B SERIES
              1999-5 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     Chase Manhattan Bank    $ 20,000,000     50.0%

                                The Fuji Bank & Trust
                                  Company               $ 20,000,000     50.0%


              CLASS A SERIES
              1999-6 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     The Northern Trust
                                  Company               $132,930,000     32.2%

                                State Street Bank &
                                  Trust Company         $ 90,750,000     22.0%

                                Citibank, N.A.          $ 76,750,000     18.6%

                                Deutsche Bank A.G.,
                                  New York Branch       $ 32,000,000      7.7%

                                Brown Brothers
                                  Harriman & Co.        $ 22,100,000      5.3%


              CLASS B SERIES
              1999-6 FLOATING
              RATE ASSET
              BACKED
              CERTIFICATES:     Citibank, N.A.          $  25,000,000    62.5%

                                Chase Manhattan Bank    $  15,000,000    37.5%

</TABLE>







                                     - 10 -


<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                          Amount of     Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------
              <S>               <C>                     <C>              <C>
              CLASS A SERIES
              2000-1 7.20%
              ASSET BACKED
              CERTIFICATES:     The Northern Trust
                                  Company               $  55,255,000    12.8%

                                Bankers Trust Company   $  46,035,000    10.6%

                                State Street Bank -
                                  Trust Custody         $  41,100,000     9.5%

                                State Street Bank &
                                  Trust Company         $  36,650,000     8.5%

                                Boston Safe Deposit &
                                  & Trust Company       $  34,450,000     7.9%

                                Chase Manhattan Bank    $  29,675,000     6.9%

                                Merrill Lynch, Pierce,
                                  Fenner & Smith, Inc.  $  26,000,000     6.0%

                                Bank of New York        $  25,760,000     5.9%

                                Salomon Smith Barney
                                  Inc./Salomon Brothers $  22,730,000     5.2%


              CLASS B SERIES
              2000-1 7.40%
              ASSET BACKED
              CERTIFICATES:     Chase Manhattan Bank    $   6,025,000    20.0%

                                Citibank, N.A.          $   5,725,000    19.1%

                                Bank One Trust
                                  Company, N.A. -
                                  State                 $   4,350,000    14.5%

                                Wells Fargo Bank
                                  Minnesota, N.A.       $   2,850,000     9.5%

                                State Street Bank &
                                  Trust Company         $   2,450,000     8.2%

                                Salomon Smith Barney
                                  Inc./Salomon Brothers $   1,850,000     6.2%

                                Goldman Sachs & Co.     $   1,800,000     6.0%

</TABLE>


                                     - 11 -

<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                          Amount of     Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------

              <S>               <C>                     <C>              <C>
              CLASS A SERIES
              2000-2 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      State Street Bank &
                                  Trust Company         $172,000,000     41.7%

                                Chase Manhattan Bank    $106,580,000     25.8%

                                Bankers Trust Company   $ 75,000,000     18.2%

                                Citibank, N.A.          $ 29,000,000      7.0%


              CLASS B SERIES
              2000-2 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      Bankers Trust Company   $ 25,000,000     62.5%

                                Bank One Trust
                                  Company, N.A.         $ 13,000,000     32.5%

                                The Northern Trust
                                  Company               $  2,000,000      5.0%


              CLASS A SERIES
              2000-3 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      State Street Bank &
                                  Trust Company         $358,500,000     43.3%

                                Boston Safe Deposit &
                                  Trust Company         $245,000,000     29.7%

                                Citibank, N.A.          $ 69,000,000      8.4%

                                Chase Manhattan Bank    $ 68,440,000      8.3%


              CLASS B SERIES
              2000-3 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      The Fuji Bank & Trust
                                  Company               $  30,000,000    37.5%

                                Chase Manhattan Bank    $  22,500,000    28.1%

                                Bank One Trust
                                  Company, N.A.         $  15,000,000    18.7%

                                Bank of Tokyo -
                                  Mitsubishi Trust
                                  Company               $  10,000,000    12.5%

</TABLE>

                                     - 12 -

<PAGE>

<TABLE>

<CAPTION>
                                                         Principal
                                                          Amount of     Percent
                                Name                    Certificates    of Class
                                ----                    ------------    --------

              <S>               <C>                     <C>              <C>
              CLASS A SERIES
              2000-4 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      Bank of Tokyo -
                                  Mitsubishi Trust
                                  Company               $1,000,000,000    100%


              CLASS B SERIES
              2000-4 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      Bank of Tokyo -
                                  Mitsubishi Trust
                                  Company               $   48,000,000   49.5%

                                Chase Manhattan Bank    $   35,000,000   36.1%

                                Bankers Trust Company   $   13,970,000   14.4%


              CLASS A SERIES
              2000-5 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      Boston Safe Deposit &
                                  Trust Company         $  195,000,000   30.0%

                                State Street Bank &
                                  Trust Company         $  164,500,000   25.3%

                                Merrill Lynch, Pierce,
                                  Fenner & Smith
                                  Safekeeping           $   95,000,000   14.6%

                                The Northern Trust
                                  Company               $   72,000,000   11.1%

                                Chase Manhattan Bank    $   61,000,000    9.4%




              CLASS B SERIES
              2000-5 FLOATING
              RATE ASSET
              BACKED
              CERTFICATES:      Chase Manhattan Bank    $ 30,000,000     47.6%

                                Bank One Trust
                                  Company, N.A.         $ 14,000,000     22.2%

                                Bankers Trust Company   $ 10,000,000     15.9%

                                State Street Bank &
                                  Trust Company         $  5,170,000      8.2%

</TABLE>


                                     - 13 -


<PAGE>



               The address of each of the above participants is:

               c/o The Depository Trust Company
               55 Water Street
               New York, New York  10041

        (b)    Not applicable.

        (c)    Not applicable.



Item 13. Certain Relationships and Related Transactions

         The Bank of New York acts as Trustee under the Agreement.




                                     PART IV

Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

         (a)   Financial Statements:

               1.  Annual Servicing Statement Delivered to the Trustee (filed as
                   Exhibit 99.1).

               2.  Annual Accountant's Report  of  Ernst & Young  LLP  (filed as
                   Exhibit 99.2).

               3.  Annual Report containing Aggregate Information for the Fiscal
                   Year (filed as Exhibit 99.3).


         (b)   Reports on Form 8-K:

               The Trust has filed the following reports on Form 8-K since March
               31, 2000:

               1.  Form  8-K,  dated  April  17,  2000,  attaching  the  Monthly
                   Servicer's  Certificate  for the due period February 25, 2000
                   through March 25, 2000.

               2.  Form 8-K, dated  April 25, 2000,  attaching  the  Series Term
                   Sheet,  dated April  25, 2000,  setting  forth  the  proposed
                   issuances  of  the   Class  A  Floating  Rate   Asset  Backed
                   Certificates and  the  Class  B Floating  Rate  Asset  Backed
                   Certificates of the American Express  Credit  Account  Master
                   Trust, Series 2000-3.

               3.  Form  8-K, dated  May 3,  2000,  attaching  the Series 2000-3
                   Supplement,  dated  as  of  May  3, 2000,  supplementing  the
                   Pooling and  Servicing Agreement, dated as of May 16, 1996.

               4.  Form  8-K,  dated   May  15,  2000,  attaching   the  Monthly
                   Servicer's  Certificate  for  the  due period March  26, 2000
                   through  April 24, 2000.

               5.  Form 8-K, dated May 19, 2000, attaching the Assignment  No. 4
                   of Receivables in Additional Accounts,  dated as  of  May 19,
                   2000, among American Express Centurion Bank, American Express
                   Receivables Financing Corporation II  and  The  Bank  of  New
                   York, and also attaching  the  Supplemental Conveyance No. 4,
                   dated   as   of   May  19,  2000,  between  American  Express
                   Receivables Financing Corporation II  and   American  Express
                   Credit Corporation.

                                     - 14 -


<PAGE>



               6.  Form  8-K,  dated  June  15,  2000,  attaching   the  Monthly
                   Servicer's  Certificate  for  the  due  period April 25, 2000
                   through May 24, 2000.

               7.  Form  8-K,  dated  July  17,  2000,  attaching   the  Monthly
                   Servicer's  Certificate  for  the  due  period  May  25, 2000
                   through June 24, 2000.

               8.  Form 8-K, dated August 8, 2000, attaching the Assignment  No.
                   5 of Receivables in Additional Accounts, dated  as  of August
                   8, 2000,  among  American  Express  Centurion  Bank, American
                   Express Receivables Financing Corporation II  and The Bank of
                   New York  and, also  attaching  the  Supplemental  Conveyance
                   No. 5,  dated  as   of  August  8,  2000,  between   American
                   Express  Receivables Financing  Corporation II  and  American
                   Express Credit Corporation.

               9.  Form  8-K,  dated  August 15 , 2000,  attaching  the  Monthly
                   Servicer's  Certificate  for the  due  period  June  25, 2000
                   through July 25, 2000.

               10. Form 8-K, dated September 6, 2000, attaching  the Series Term
                   Sheet, dated  September 6, 2000,  setting  forth the proposed
                   issuance   of   the   Class A  Floating  Rate   Asset  Backed
                   Certificates  and  the  Class B Floating  Rate  Asset  Backed
                   Certificates  of  the  American Express Credit Account Master
                   Trust, Series 2000-5.

              11.  Form 8-K, dated  September 15,  2000, attaching  the  Monthly
                   Servicer's  Certificate  for  the  due period  July  26, 2000
                   through August 24, 2000.

              12.  Form 8-K,  dated  September 15,  2000, attaching  the  Series
                   2000-5   Supplement,  dated   as   of  September  15,  2000,
                   supplementing the Pooling and Servicing Agreement,  dated  as
                   of May 16, 1996.

              13.  Form 8-K,  dated  October 16,  2000,  attaching  the  Monthly
                   Servicer's  Certificate  for  the due  period August 25, 2000
                   through September 24, 2000.

              14.  Form 8-K,  dated  November 15,  2000,  attaching  the Monthly
                   Servicer's Certificate for the due period  September 25, 2000
                   through October 25, 2000.

              15.  Form 8-K,  dated  December 15,  2000,  attaching the  Monthly
                   Servicer's Certificate for the  due  period  October 26, 2000
                   through November 24, 2000.

              16.  Form 8-K,  dated  January 16,  2001,  attaching  the  Monthly
                   Servicer's Certificate for the due  period  November 25, 2000
                   through December 25, 2000.

              17.  Form 8-K, dated  February 15,  2001,  attaching  the  Monthly
                   Servicer's Certificate for the due  period  December 26, 2000
                   through January 25, 2001.

              18.  Form 8-K, dated  February  15,  2001,  attaching  the  Series
                   Term  Sheet,  dated  February 12,  2001,  setting  forth  the
                   proposed  issuances of the Class A Floating Rate Asset Backed
                   Certificates  and  the Class  B  Floating  Rate  Asset Backed
                   Certificates  of the  American  Express Credit Account Master
                   Trust, Series 2001-1.

              19.  Form 8-K,  dated  February  23,  2001,  attaching  the Series
                   2001-1   Supplement,  dated   as   of   February  23,  2001,
                   supplementing the Pooling and Servicing Agreement,  dated  as
                   of May 16, 1996.







                                     - 15 -


<PAGE>



              20.  Form 8-K, dated  March 13, 2001,  attaching  the  Series Term
                   Sheet,  dated  March  13, 2001,  setting  forth  the proposed
                   issuances of  the Class A 5.53% Asset Backed Certificates and
                   the Class B 5.83% Asset  Backed  Certificates, Series 2001-2,
                   of the  American  Express  Credit  Account Master Trust;  and
                   also attaching  the  Series Term Sheet, dated March 13, 2001,
                   setting forth the proposed issuances of the Class A  Floating
                   Rate  Asset  Backed  Certificates  and   the  Class  B  Asset
                   Backed Certificates,  Series 2001-3, of the  American Express
                   Credit Account Master Trust.

              21.  Form  8-K,  dated  March  15,  2001,  attaching  the  Monthly
                   Servicer's Certificate for  the  due period  January 26, 2001
                   through February 24, 2001.

              22.  Form 8-K, dated March 27, 2001, attaching the Assignment  No.
                   6 of Receivables in Additional Accounts, dated as of March 2,
                   2001, among American Express Centurion Bank, American Express
                   Receivables Financing Corporation II and The Bank of New York
                   and, also attaching the Supplemental Conveyance o. 6, ated as
                   of  March  2,  2001,  between  American  Express  Receivables
                   Financing   Corporation  II   and   American  Express  Credit
                   Corporation.


         (c)  Exhibits:

              4.1  Pooling and Servicing Agreement,  dated  as  of  May 16, 1996
                   (incorporated by reference  to  Exhibit 4.1  of  Form  8-A12G
                   filed by  registrant  on May 30, 1996, File No. 000-20787).

              4.2  Supplemental Assumption Agreement, dated as of June 27, 1996,
                   between  American Express Centurion Bank,  as  Assignor,  and
                   American  Express  Deposit  Corporation,  as  Assignee,  with
                   respect to the Pooling and Servicing Agreement  Governing the
                   American Express Credit Account Master Trust (incorporated by
                   reference to Exhibit 4.3  of  Form 8-K filed by registrant on
                   July 16, 1996, File No. 000-20787).

              4.3  Assignment No. 1 of Receivables in Additional Accounts, dated
                   as of August 7, 1997, by and among American Express Centurion
                   Bank and American Express Receivables  Financing  Corporation
                   II, as transferors,  and The  Bank of  New York,  as  trustee
                   (incorporated by reference to Exhibit 20.2 of Form 8-K, dated
                   as of August 15, 1997, File Nos. 000-20787-01 and  000-20787-
                   00).

              4.4  Assignment  No. 3  of  Receivables  in  Additional  Accounts,
                   dated as of September 13, 1999, by and among American Express
                   Centurion Bank and  American  Express  Receivables  Financing
                   Corporation II, as transferors, and The Bank of New York,  as
                   trustee  (incorporated  by reference to  Exhibit 99.1 of Form
                   8-K,  dated as of  September 1, 1999, File  Nos. 000-20787-01
                   and 000-20787-00).

              4.5  Assignment  No. 4  of  Receivables  in  Additional  Accounts,
                   dated  as  of  May 19, 2000, by  and  among  American Express
                   Centurion Bank  and  American  Express Receivables  Financing
                   Corporation II, as transferors,  and The Bank of New York, as
                   trustee  (incorporated by  reference to Exhibit 99.01 of Form
                   8-K,  dated as of  May 19, 2000, File Nos.  000-20787-01  and
                   000-20787-00).

              4.6  Assignment  No. 5  of  Receivables  in  Additional  Accounts,
                   dated as of August 8, 2000,  by  and  among  American Express
                   Centurion  Bank  and  American Express Receivables  Financing
                   Corporation II, as transferors,  and The Bank of New York, as
                   trustee  (incorporated  by reference to Exhibit 99.01 of Form
                   8-K,  dated as of August 8, 2000, File Nos.  000-20787-01 and
                   000-20787-00).

                                        - 16 -
<PAGE>

              4.7  Assignment  No. 6  of  Receivables  in  Additional  Accounts,
                   dated  as  of  March 2, 2001,  by  and among American  Expres
                   Centurion Bank  and  American  Express Receivables  Financing
                   Corporation II, as transferors,  and The Bank of New York, as
                   trustee  (incorporated  by reference to Exhibit 99.01 of Form
                   8-K, dated as  of March 27, 2001, File Nos.  000-20787-01 and
                   000-20787-00).

              4.8  Supplemental  Conveyance No. 1,  dated as of  August 7, 1997,
                   by and between American Express Credit Corporation as seller,
                   and  American  Express Receivables Financing Corporation  II,
                   as  purchaser (incorporated by reference to  Exhibit 20.3  of
                   Form 8-K, dated as of August 15, 1997, File Nos. 000-20787-01
                   and 000-20787-00).

              4.9  Supplemental  Conveyance No. 3,  dated  as  of  September 13,
                   1999, by and  between  American  Express  Credit Corporation,
                   as seller,  and   American   Express  Receivables   Financing
                   Corporation II, as purchaser (incorporated  by  reference  to
                   Exhibit  99.2 of Form 8-K,  dated as of  September 21,  1999,
                   File  Nos. 000-20787-01 and 000-20787-00).

              4.10 Supplemental Conveyance No. 4, dated  as  of May 19, 2000, by
                   and  between  American Express Credit Corporation  as seller,
                   and American  Express  Receivables Financing  Corporation II,
                   as purchaser  (incorporated by reference to Exhibit 99.02  of
                   Form 8-K, dated as of  May 19, 2000,  File Nos.  000-20787-01
                   and 000-20787-00).

              4.11 Supplemental Conveyance No. 5, dated as of August 8, 2000, by
                   and between American Express Credit Corporation  as   seller,
                   and American Express Receivables  Financing  Corporation  II,
                   as purchaser  (incorporated by reference  to Exhibit 99.02 of
                   Form 8-K, dated as of August 8, 2000, File Nos. 000-20787-01
                   and 000-20787-00).

              4.12 Supplemental Conveyance No. 6, dated as of  March 2, 2001, by
                   and between  American Express Credit Corporation  as  seller,
                   and American Express Receivables  Financing  Corporation  II,
                   as purchaser  (incorporated by reference  to Exhibit 99.02 of
                   Form 8-K, dated as  of March 27, 2001, File Nos. 000-20787-01
                   and 000-20787-00).

              4.13 Series 1996-1 Supplement to the Pooling and Servicing  Agree-
                   ment,  dated as of May 16, 1996 (incorporated by reference to
                   Exhibit 4.2 of Form 8-A12G filed  by  registrant  on  May 30,
                   1996, File No. 000-20787).

              4.14 Series 1997-1 Supplement to the Pooling and Servicing  Agree-
                   ment,  dated as of August 28, 1997 (incorporated by reference
                   to Exhibit 4.2 of  Form 8-A12G,  dated  as  of  September 16,
                   1997,  File Nos.  000-20787-01  and 000-20787-00).

              4.15 Series 1998-1 Supplement to  the Pooling and Servicing Agree-
                   ment,  dated as of June 23, 1998 (incorporated  by  reference
                   to Exhibit 4.1 of Form 8-K, dated as  of  July 15, 1998, File
                   Nos. 000-20787-01 and 000-20787-00).

              4.16 Series 1999-1 Supplement to the Pooling and Servicing  Agree-
                   ment, dated as of April 21, 1999  (incorporated by  reference
                   to  Exhibit 4.1 of Form  8-A12G, dated as of April 21,  1999,
                   File Nos.  000-20787-01  and  000-20787-00).

              4.17 Series 1999-2 Supplement to the Pooling and Servicing  Agree-
                   ment,  dated as of May 19, 1999 (incorporated by reference to
                   Exhibit  4.2 of  Form  8-A12G,  dated  as  of May  19,  1999,
                   File  Nos.  000-20787-01  and  000-20787-00).

              4.18 Series 1999-3 Supplement to  the Pooling and Servicing Agree-
                   ment,  dated as of May 19, 1999 (incorporated by reference to
                   Exhibit  4.3 of  Form  8-A12G,  dated  as  of May  19,  1999,
                   File  Nos.  000-20787-01  and  000-20787-00).


                                        - 17 -
<PAGE>


              4.19 Series 1999-4 Supplement to the Pooling and Servicing  Agree-
                   ment, dated as of August 17, 1999 (incorporated by  reference
                   to Exhibit 4.2 of Form  8-A12G, dated  as of August 17, 1999,
                   File Nos.  000-20787-01  and  000-20787-00).

              4.20 Series 1999-5 Supplement to the Pooling and Servicing  Agree-
                   ment,  dated as of August 17, 1999 (incorporated by reference
                   to Exhibit  4.3 of Form  8-A12G, dated as of August 17, 1999,
                   File Nos.  000-20787-01  and  000-20787-00).

              4.21 Series 1999-6 Supplement to the Pooling and  Servicing Agree-
                   ment,  dated  as  of  September  16,  1999  (incorporated  by
                   reference  to  Exhibit  4.2  of  Form  8-A12G,  dated  as  of
                   September 16, 1999, File Nos. 000-20787-01 and 000-20787-00).

              4.22 Series  2000-1  Supplement  to   the  Pooling  and  Servicing
                   Agreement,  dated  as   of  February  16,  2000 (incorporated
                   by  reference  to  Exhibit  4.1  of  Form  8-K,  dated  as of
                   February  16,  2000,  File  Nos. 000-20787-01 and  000-20787-
                   00).

              4.23 Series  2000-2  Supplement  to   the  Pooling  and  Servicing
                   Agreement,  dated  as  of  February  16,  2000  (incorporated
                   by  reference  to  Exhibit  4.2  of  Form  8-K,  dated  as of
                   February 16, 2000, File  Nos. 000-20787-01 and 000-20787-00).

              4.24 Series 2000-3 Supplement to the Pooling and Servicing  Agree-
                   ment,  dated as of May 3, 2000  (incorporated by reference to
                   Exhibit 4.1 of Form 8-K, dated as  of  May 3, 2000, File Nos.
                   000-20787-01 and 000-20787-00).

              4.25 Series 2000-4  Supplement to the Pooling and Servicing Agree-
                   ment,  dated as of June 22, 2000  (incorporated by  reference
                   to  Exhibit  4.2 of Form  8-A12G,  dated as of June 22, 2000,
                   File  Nos.  000-20787-01  and  000-20787-00).

              4.26 Series  2000-5  Supplement  to   the  Pooling  and  Servicing
                   Agreement,  dated  as  of  September  15,  2000 (incorporated
                   by  reference  to Exhibit 4.2 of Form  8-A12G,  dated  as  of
                   September 15, 2000, File Nos. 000-20787-01 and 000-20787-00).

              4.27 Series  2001-1  Supplement   to  the  Pooling  and  Servicing
                   Agreement,  dated  as  of  February  23,  2001  (incorporated
                   by reference to Exhibit 4.1 of Form 8-K, dated as of February
                   23, 2001, File Nos.  000-20787-01  and 000-20787-00).

              10.1 Form of RFC II Purchase  Agreement (incorporated by reference
                   to Exhibit 10.1 of Registration  Statement on Form S-3, filed
                   March 6, 1996, File No. 33-95784).

              24.1 Power of Attorney for American Express Centurion Bank.

              24.2 Power of Attorney for American Express Receivables Financing
                   Corporation II.

              99.1 Annual Servicing Statement Delivered to the Trustee.

              99.2 Annual Accountant's Report of Ernst & Young LLP.

              99.3 Annual Report Containing Aggregate Information for the Fiscal
                   Year.


                                     - 18 -


<PAGE>



                                   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.


                                   AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

                                   AMERICAN EXPRESS CENTURION BANK,
                                   Co-Originator of the Trust and Registrant

                                   By: /s/ Rhonda Halpern
                                       --------------------------------------
                                       Rhonda Halpern
                                       Chief Financial Officer
                                       Treasurer, and Chief Compliance Officer
                                       (Principal Accounting Officer)


     Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
this  report  has  been  signed  by the  following  persons  in  the  capacities
indicated.

          *
----------------------
Ash Gupta                          Director and Chairman

          *
----------------------
David E. Poulsen                   Director, President and
                                   Chief Executive Officer
          *
----------------------
Maria J. Garciaz                   Director

          *
----------------------
Peter A. Lefferts                  Director


----------------------
Raymond F. Pettit                  Director

          *
----------------------
Frank L. Skillern                  Director


----------------------
Jay Stevelman                      Director

          *
----------------------
Roslyn M. Watson                   Director

          *
----------------------
James F. Welch                     Director



* By: /s/ John Hobby
      ----------------
      John Hobby
      Attorney-in-Fact

Dated:  March 30, 2001


<PAGE>



                                   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.


                                   AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

                                   AMERICAN EXPRESS RECEIVABLES FINANCING
                                   CORPORATION II,
                                   Co-Originator of the Trust and Registrant

                                   By: /s/ Leslie R. Scharfstein
                                       --------------------------------------
                                       Leslie R. Scharfstein
                                       President


     Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
this  report  has  been  signed  by the  following  persons  in  the  capacities
indicated.

        *
-------------------------
Leslie R. Scharfstein                       President
                                            (Principal Executive Officer)

        *
-------------------------
John D. Koslow                              Vice President and Treasurer
                                            (Principal Finance Officer and
                                            Principal Accounting Officer)
        *
-------------------------
Donald J. Puglisi                           Director


        *
-------------------------
Jay B. Stevelman                            Director




* By:  /s/ Leslie R. Scharfstein
       -------------------------
       Leslie R. Scharfstein
       Attorney-in-Fact


Dated:  March 30, 2001


<PAGE>



                                  EXHIBIT INDEX

The  following  exhibits  are  filed as part of this  Annual  Report  or,  where
indicated,  were  heretofore  filed and are hereby  incorporated by reference (*
indicates exhibits electronically filed herewith).


4.1  Pooling and Servicing Agreement,  dated as of May 16, 1996 (incorporated by
     reference  to Exhibit 4.1 of Form  8-A12G  filed by  registrant  on May 30,
     1996, File No. 000-20787).

4.2  Supplemental  Assumption  Agreement,  dated  as of June 27,  1996,  between
     American Express Centurion Bank, as Assignor,  and American Express Deposit
     Corporation,  as  Assignee,  with  respect  to the  Pooling  and  Servicing
     Agreement  Governing  the  American  Express  Credit  Account  Master Trust
     (incorporated  by reference to Exhibit 4.3 of Form 8-K filed by  registrant
     on July 16, 1996, File No. 000-20787).

4.3  Assignment No. 1 of Receivables in Additional Accounts,  dated as of August
     7, 1997, by and among American Express  Centurion Bank and American Express
     Receivables Financing  Corporation II, as transferors,  and The Bank of New
     York,  as trustee  (incorporated  by reference to Exhibit 20.2 of Form 8-K,
     dated as of August 15, 1997, File Nos. 000-20787-01 and 000-20787-00).

4.4  Assignment  No.  3 of  Receivables  in  Additional  Accounts,  dated  as of
     September  13,  1999,  by and among  American  Express  Centurion  Bank and
     American Express Receivables Financing Corporation II, as transferors,  and
     The Bank of New York, as trustee (incorporated by reference to Exhibit 99.1
     of Form 8-K,  dated as of September  1, 1999,  File Nos.  000-20787-01  and
     000-20787-00).

4.5  Assignment No. 4 of Receivables in Additional Accounts, dated as of May 19,
     2000, by and among American  Express  Centurion  Bank and American  Express
     Receivables Financing  Corporation II, as transferors,  and The Bank of New
     York,  as trustee (incorporated by  reference to Exhibit 99.01 of Form 8-K,
     dated as of May 19, 2000, File Nos. 000-20787-01 and 000-20787-00).

4.6  Assignment No. 5 of Receivables in Additional Accounts,  dated as of August
     8, 2000, by and among American Express  Centurion Bank and American Express
     Receivables Financing  Corporation II, as transferors,  and The Bank of New
     York,  as trustee (incorporated by  reference to Exhibit 99.01 of Form 8-K,
     dated as of August 8, 2000, File Nos. 000-20787-01 and 000-20787-00).

4.7  Assignment No. 6 of Receivables in Additional  Accounts,  dated as of March
     2, 2001, by and among American Express  Centurion Bank and American Express
     Receivables Financing  Corporation II, as transferors,  and The Bank of New
     York, as trustee  (incorporated  by reference to Exhibit 99.01 of Form 8-K,
     dated as of March 27, 2001, File Nos. 000-20787-01 and 000-20787-00).

4.8  Supplemental  Conveyance  No. 1, dated as of August 7, 1997, by and between
     American  Express  Credit  Corporation  as  seller,  and  American  Express
     Receivables  Financing  Corporation  II,  as  purchaser   (incorporated  by
     reference  to Exhibit 20.3 of Form 8-K,  dated as of August 15, 1997,  File
     Nos. 000-20787-01 and 000-20787-00).

4.9  Supplemental  Conveyance  No. 3, dated as of  September  13,  1999,  by and
     between  American  Express  Credit  Corporation,  as seller,  and  American
     Express Receivables Financing Corporation II, as purchaser (incorporated by
     reference to Exhibit 99.2 of Form 8-K, dated as of September 21, 1999, File
     Nos. 000-20787-01 and 000-20787-00).

4.10 Supplemental Conveyance No. 4, dated as  of May 19, 2000,  by  and  between
     American  Express  Credit  Corporation  as  seller,  and  American  Express
     Receivables  Financing  Corporation  II,  as  purchaser  (incorporated   by
     reference to Exhibit 99.02 of Form 8-K, dated as of May 19, 2000, File Nos.
     000-20787-01 and 000-20787-00).

4.11 Supplemental  Conveyance No. 5, dated  as of August 8, 2000, by and between
     American  Express  Credit  Corporation  as  seller,  and  American  Express
     Receivables  Financing  Corporation  II,  as  purchaser   (incorporated  by
     reference  to  Exhibit 99.02 of Form 8-K, dated  as of August 8, 2000, File
     Nos. 000-20787-01 and 000-20787-00).
<PAGE>


4.12 Supplemental  Conveyance  No. 6, dated as of March 2, 2001,  by and between
     American  Express  Credit  Corporation  as  seller,  and  American  Express
     Receivables  Financing  Corporation  II,  as  purchaser   (incorporated  by
     reference to Exhibit  99.02 of Form 8-K,  dated as of March 27, 2001,  File
     Nos. 000-20787-01 and 000-20787-00).

4.13 Series 1996-1 Supplement to the Pooling and Servicing  Agreement,  dated as
     of May 16, 1996  (incorporated  by  reference to Exhibit 4.2 of Form 8-A12G
     filed by registrant on May 30, 1996, File No. 000-20787).

4.14 Series 1997-1 Supplement to the Pooling and Servicing  Agreement,  dated as
     of August 28,  1997  (incorporated  by  reference  to  Exhibit  4.2 of Form
     8-A12G,  dated  as of  September  16,  1997,  File  Nos.  000-20787-01  and
     000-20787-00).

4.15 Series 1998-1 Supplement to the Pooling and Servicing  Agreement,  dated as
     of June 23, 1998  (incorporated  by  reference  to Exhibit 4.1 of Form 8-K,
     dated as of July 15, 1998, File Nos. 000-20787-01 and 000-20787-00).

4.16 Series 1999-1 Supplement to the Pooling and Servicing  Agreement,  dated as
     of April 21, 1999 (incorporated by reference to Exhibit 4.1 of Form 8-A12G,
     dated as of April 21, 1999, File Nos. 000-20787-01 and 000-20787-00).

4.17 Series 1999-2 Supplement to the Pooling and Servicing  Agreement,  dated as
     of May 19, 1999  (incorporated by reference to Exhibit 4.2  of Form 8-A12G,
     dated as of May 19, 1999, File Nos. 000-20787-01 and 000-20787-00).

4.18 Series 1999-3 Supplement to the Pooling and Servicing  Agreement,  dated as
     of May 19, 1999  (incorporated by reference to Exhibit 4.3 of  Form 8-A12G,
     dated as of May 19, 1999, File Nos. 000-20787-01 and 000-20787-00).

4.19 Series 1999-4 Supplement to the Pooling and Servicing  Agreement,  dated as
     of  August 17, 1999 (incorporated  by  reference  to  Exhibit 4.2  of  Form
     8-A12G, dated  as  of  August 17, 1999,  File  Nos. 000-20787-01  and  000-
     20787-00).

4.20 Series 1999-5 Supplement to the Pooling and Servicing  Agreement,  dated as
     of  August 17 1999  (incorporated  by  reference  to  Exhibit 4.3  of  Form
     8-A12G, dated as of August 17, 1999, File Nos. 000-20787-01  and 000-20787-
     00).

4.21 Series 1999-6 Supplement to the Pooling and Servicing  Agreement,  dated as
     of  September  16, 1999  (incorporated  by reference to Exhibit 4.2 of Form
     8-A12G,  dated  as of  September  16,  1999,  File  Nos.  000-20787-01  and
     000-20787-00).

4.22 Series 2000-1 Supplement to the Pooling and Servicing  Agreement,  dated as
     of February 16, 2000 (incorporated by reference to Exhibit 4.1 of Form 8-K,
     dated as of February 16, 2000, File Nos. 000-20787-01 and 000-20787-00).

4.23 Series 2000-2 Supplement to the Pooling and Servicing  Agreement,  dated as
     of February 16, 2000 (incorporated by reference to Exhibit 4.2 of Form 8-K,
     dated as of February 16, 2000, File Nos. 000-20787-01 and 000-20787-00).

4.24 Series 2000-3 Supplement to the Pooling and Servicing  Agreement,  dated as
     of May 3, 2000 (incorporated by reference to Exhibit 4.1 of Form 8-K, dated
     as of May 3, 2000, File Nos. 000-20787-01 and 000-20787-00).

4.25 Series 2000-4 Supplement to the Pooling and Servicing  Agreement,  dated as
     of June 22, 2000  (incorporated by reference to Exhibit 4.2 of Form 8-A12G,
     dated as of June 22, 2000, File Nos. 000-20787-01 and 000-20787-00).

4.26 Series 2000-5 Supplement to the Pooling and Servicing  Agreement,  dated as
     of  September  15, 2000  (incorporated  by reference to Exhibit 4.2 of Form
     8-A12G,  dated  as of  September  15,  2000,  File  Nos.  000-20787-01  and
     000-20787-00).

<PAGE>

4.27 Series 2001-1 Supplement to the Pooling and Servicing  Agreement,  dated as
     of February 23, 2001 (incorporated by reference to Exhibit 4.1 of Form 8-K,
     dated as of February 23, 2001, File Nos. 000-20787-01 and 000-20787-00).

10.1 Form of RFC II Purchase  Agreement  (incorporated  by  reference to Exhibit
     10.1 of  Registration  Statement on Form S-3, filed March 6, 1996, File No.
     33-95784).

24.1* Power of Attorney for American Express Centurion Bank.

24.2* Power of Attorney for American Express Receivables Financing  Corporation
      II.

99.1* Annual Servicing Statement Delivered to the Trustee.

99.2* Annual Accountant's Report of Ernst & Young LLP.

99.3* Annual Report Containing Aggregate Information for the Fiscal Year.