SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K

                 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIESEXCHANGE ACT OF 1934

For the fiscal year ended:  December 31, 2000
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Commission file numbers: 33-59922,  33-84844,  33-99462,
                         333-22131, 333-55817, 333-39856

         Providian National Bank on behalf of the Providian Master Trust
                    (formerly the First Deposit Master Trust)
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               (Exact name of registrant as specified in charter)

   United States of America                                      02-0118519
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(State or other jurisdiction of                                (I.R.S. Employer
 incorporation or organization)                              Identification No.)

      295 Main Street
   Tilton, New Hampshire                                          03276
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(Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code:  (603) 286-4348
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                    Not Applicable
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Securities Registered pursuant to Section 12(b) of the Act: None

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

     The   following   Providian   Master   Trust   Asset-Backed    Certificates
(collectively, the "Certificates"):

     Floating Rate Asset-Backed Certificates, Series 1996-1
     Floating Rate Class A Asset-Backed Certificates, Series 1997-1
     Floating Rate Class B Asset-Backed Certificates, Series 1997-1
     Floating Rate Class A Asset-Backed Certificates, Series 1997-2
     Floating Rate Class B Asset-Backed Certificates, Series 1997-2
     Floating Rate Class A Asset-Backed Certificates, Series 1997-3
     Floating Rate Class B Asset-Backed Certificates, Series 1997-3
     6.25% Class A Asset-Backed Certificates, Series 1997-4
     6.45% Class B Asset-Backed Certificates, Series 1997-4
     Floating Rate Class A Asset-Backed Certificates, Series 1999-1
     6.80% Class B Asset-Backed Certificates, Series 1999-1
     6.60% Class A Asset-Backed Certificates, Series 1999-2
     Floating Rate Class B Asset-Backed Certificates, Series 1999-2
     7.49% Class A Asset Backed Certificates, Series 2000-1
     Floating Rate Class B Asset Backed Certificates, Series 2000-1
     Floating Rate Class A Asset Backed Certificates, Series 2000-2
     Floating Rate Class B Asset Backed Certificates, Series 2000-2
     Floating Rate Class A Asset Backed Certificates, Series 2000-3
     Floating Rate Class B Asset Backed Certificates, Series 2000-3

     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
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     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 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. [ ]

     State the aggregate market value of the voting and non-voting common equity
held by  non-affiliates  of the registrant.  The aggregate market value shall be
computed by reference to the price at which the common  equity was sold,  or the
average bid and asked  prices of such  common  equity,  as of a  specified  date
within 60 days prior to the date of filing. (See definition of affiliate in Rule
405.)

         Not Applicable.

     * On December 23, 1993, the  registrant was issued a no-action  letter (the
"No-Action  Letter") by the Securities and Exchange  Commission  with respect to
certain of the  registrant's  reporting  requirements  pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934.

                                     PART I

Item 1. Business

     Omitted pursuant to the No-Action Letter.

Item 2. Properties

     Attached   hereto  as   Exhibits   99.1   through   99.10  are  the  annual
certificateholders'  statements  prepared by Providian National Bank ("PNB"), as
Servicer (the "Servicer"),  of the Providian Master Trust (formerly known as the
First  Deposit  Master  Trust) (the  "Trust")  and  delivered  to Bankers  Trust
Company,  as Trustee (the "Trustee"),  pursuant to Section 5.02(d) of the Series
1996-1,  1997-1,  1997-2,  1997-3,  1997-4,  1999-1,  1999-2, 2000-1, 2000-2 and
2000-3 Supplements to the Providian Master Trust Pooling and Servicing Agreement
dated as of June 1, 1993, as amended (the "Pooling Agreement"),  between PNB, as
Seller and Servicer, and the Trustee. The annual certificateholders'  statements
contain the  information  required  to be  contained  in the monthly  statements
prepared  by the  Servicer  and  delivered  to the  Trustee  pursuant to Section
5.02(a) of such  Supplements,  aggregated for the months of January 2000 through
December 2000,  relating to the receivables (the  "Receivables")  transferred to
the Trust and the accounts from which the Receivables arise.

Item 3. Legal Proceedings

     The registrant knows of no material pending legal  proceedings with respect
to the Trust involving either the Trust, the Trustee or PNB.

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

     None.

                                     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 Certificates.

     (b) Each class of Certificates  is represented by one or more  certificates
registered  in the  name of Cede & Co.,  the  nominee  of The  Depository  Trust
Company ("DTC").

     (c) Omitted pursuant to the No-Action Letter.

Item 6. Selected Financial Data

     Omitted pursuant to the No-Action Letter.

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

     Omitted pursuant to the No-Action Letter.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

     Not Applicable.

Item 8.  Financial Statements and Supplementary Data

     Omitted pursuant to the No-Action Letter.

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

     Omitted pursuant to the No-Action Letter.

Item 11. Executive Compensation

     Omitted pursuant to the No-Action Letter.

Item 12. Security Ownership of Certain Beneficial Owners and Management

     (a) Each class of Certificates  is represented by one or more  certificates
registered  in the  name of Cede & Co.,  the  nominee  of DTC,  and an  investor
holding  an  interest  in the Trust is not  entitled  to  receive a  certificate
representing such interest except in limited circumstances.  Accordingly, Cede &
Co. is the sole holder of record of the Certificates, which it held on behalf of
brokers,  dealers,  banks and other  direct  participants  in the DTC  system at
December 31, 2000. Such direct  participants may hold Certificates for their own
account or for the  accounts of their  customers.  The address of Cede & Co. is:
Cede & Co., c/o The Depository Trust Company,  55 Water Street,  49th Floor, New
York, New York 10041.

     (b) Omitted pursuant to the No-Action Letter.

     (c) Omitted pursuant to the No-Action Letter.

Item 13. Certain Relationships and Related Transactions

     There have not been, nor are there currently proposed,  any transactions or
series   of   transactions,   to  which   the   Trust  is  a  party,   with  any
Certificateholder  known by the registrant to own of record or beneficially more
than five percent of any series or class of Certificates.

                                     PART IV

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

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

          99.1 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 1996-1 Supplement.

          99.2 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 1997-1 Supplement.

          99.3 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 1997-2 Supplement.

          99.4 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 1997-3 Supplement.

          99.5 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 1997-4 Supplement.

          99.6 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 1999-1 Supplement.

          99.7 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 1999-2 Supplement.

          99.8 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 2000-1 Supplement.

          99.9 Annual   Certificateholders'   Statement  delivered  pursuant  to
               Section 5.02(d) of the Series 2000-2 Supplement.

         99.10  Annual  Certificateholders'   Statement  delivered  pursuant  to
                Section 5.02(d) of the Series 2000-3 Supplement.

         99.11 Report on the activities of PNB, as Servicer, prepared by Ernst &
               Young LLP pursuant to Section 3.06 of the Pooling Agreement.

         (b) Omitted pursuant to the No-Action Letter.

         (c) Omitted pursuant to the No-Action Letter.

         (d) Omitted pursuant to the No-Action Letter.

                                   SIGNATURES

     Pursuant to the  requirements  of the 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.

Date:  March 29, 2001                        PROVIDIAN NATIONAL BANK
                                             (Registrant)


                                             By: /s/ Daniel Sanford
                                                --------------------------------
                                             Name:  Daniel Sanford
                                             Title: Senior Vice President and
                                                    Controller

                                  EXHIBIT INDEX


Exhibit No.

99.1 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 1996-1 Supplement.

99.2 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 1997-1 Supplement.

99.3 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 1997-2 Supplement.

99.4 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 1997-3 Supplement.

99.5 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 1997-4 Supplement.

99.6 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 1999-1 Supplement.

99.7 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 1999-2 Supplement.

99.8 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 2000-1 Supplement.

99.9 Annual Certificateholders'  Statement delivered pursuant to Section 5.02(d)
     of the Series 2000-2 Supplement.

99.10 Annual Certificateholders' Statement delivered pursuant to Section 5.02(d)
      of the Series 2000-3 Supplement.

99.11 Report on the  activities  of PNB, as Servicer,  prepared by Ernst & Young
      LLP pursuant to Section 3.06 of the Pooling Agreement.