SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                       ----------------------------------

                                    FORM 10-K

                        FOR ANNUAL AND TRANSITION REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

(MARK ONE)

X        ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 1996

                                       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 Number 333-4152

                      Bank of America National Association
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                  on Behalf of the BA Master Credit Card Trust


            United States                                            86-0645265
-------------------------------                                -----------------
(STATE OR OTHER JURISDICTION OF                                (I.R.S. EMPLOYER
INCORPORATION)                                                   IDENTIFICATION)


           1825 East Buckeye Road
           Phoenix, Arizona                                     85034
 ---------------------------------------                     ----------
 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)                     (ZIP CODE)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (602) 597-3738

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

        Title of each class         Name of each exchange on which registered
        -------------------         -----------------------------------------
                                                None


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

          Class A Series 1996-A Floating Rate Asset Backed Certificates
          Class B Series 1996-A Floating Rate Asset Backed Certificates
-------------------------------------------------------------------------------
                                (Title of class)



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  and 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. [ ]

<PAGE>

                                     PART I

Items 1. Business.

         Not Applicable.

Item 2.  Properties.

         Not Applicable.

Item 3.  Legal Proceedings.

         Not Applicable.

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
         Stockholders Matters.

         The certificates  representing  investors' interests in the BA
Master Credit Card Trust are represented by one or more Certificates  registered
in the name of Cede & Co., the nominee of the Depository Trust Company.

         To  the  best  knowledge  of  the  registrant,   there  is  no
established public trading market for the Certificates.

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 Disagreements With Accountants on Accounting
         and Financial Disclosure.

         Not Applicable.

                                    PART III

Item 10.Directors and Executive Officers of the Registrant.

        Not Applicable.

Item 11.Executive Compensation.

        Not Applicable.

Item 12.Security Ownership of Certain Beneficial Owners and
        Management.

        (a) the  Certificates  of each Class  representing  investors'
interests  in the BA Master  Credit  Card Trust are  represented  by one or more
Certificates registered in the name of Cede & Co., the nominee of The Depository
Trust  Company  ("DTC"),  and an  investor  holding an interest in the BA Master
Credit Card Trust is not  entitled to receive a  certificate  representing  such
interest except in certain 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,
1996. Such direct  participants may hold  Certificates for their own accounts or
for the accounts of their customers.  At December 31, 1996, the following direct
DTC participants  held positions in the Certificates  representing  interests in
the BA Master Credit Card Trust equal to or exceeding 5% of the total  principal
amount of the Certificates of each Class outstanding on that date:

SERIES 1996-A

Participant                     Quantity                        Percentage
-----------                     --------                        ----------

Class A

Bank of New York                $41,000,000                           9.6%
Commerzbank Capital Market       46,500,000                          10.9%
Corporation
Chase Manhattan Bank             33,000,000                           7.7%
Chase Manhattan/Chemical Bank    68,000,000                          15.9%
Citicorp Service Inc.            37,000,000                           8.7%
First National Bank of Chicago   50,000,000                          11.7%
Goldman Sachs & Company          41,000,000                           9.6%
in c/o ADP Proxy Service
Northern Trust Company           77,990,000                          18.2%

Class B

Bankers Trust Company            27,500,000                          84.6%
Chase Manhattan Bank              5,000,000                          15.4%

                  The address of each above participant 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.

        Not Applicable.


                                     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.

         1. Not Applicable.

         2. Not Applicable.

         3. Exhibits

             99.1       Annual Servicer's Certificate

             99.2       Annual Accountant's Reports


             (b) The following  three (3) reports on Form 8-K were filed by
the registrant during the quarter ending December 31, 1996:

             1.       Form 8-K, dated October 24, 1996 filed on October 21,
                      1996. (Item 7)

             2.       Form 8-K, dated November 26, 1996 filed on November 22,
                      1996. (Item 7)

             3.       Form 8-K, dated December 16, 1996 filed on December 20,
                      1996. (Item 7)

             (c) See Item 14(a)(3) above

             (d) Not Applicable.


                                                        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 hereunto duly authorized.

                                          BANK OF AMERICA NATIONAL ASSOCIATION,
                                                  as Servicer on Behalf of the
                                                   BA Master Credit Card Trust



                                           By: /s/ MARGARET A. SPRUDE
                                           -------------------------------------
                                           Name:  Margaret A. Sprude
                                           Title: SVP & Chief Financial Officer

<PAGE>
                                                                   EXHIBIT 99.1


                        FORM OF ANNUAL SERVICER'S CERTIFICATE


                        Bank of America National Association

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

                      BANK OF AMERICA MASTER CREDIT CARD TRUST
                  ------------------------------------------------


            The undersigned, a duly authorized representative of Bank of America
National  Association  ("Bank of America"),  as Servicer pursuant to the Pooling
and  Servicing  Agreement  dated as of JULY 19,1996 (the  "Pooling and Servicing
Agreement")  by and between Bank of America and the  [Trustee],  as trustee (the
"Trustee") does hereby certify that:

             1.  Bank of America is Servicer under the Pooling and Servicing
Agreement.

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

             3.  This Certificate is delivered pursuant to Section 3.05 of the
Pooling and Servicing Agreement.

             4. A review of the  Activities  of the  Servicer  during the period
from  the  Closing  date  until  DECEMBER  31,  1996  was  conducted  under  the
supervision of the undersigned.

             5.  Based on such  review,  the  Servicer  has,  to the best of the
knowledge of the  undersigned,  fully  performed all its  obligations  under the
Pooling and  Servicing  Agreement  throughout  such period and no default in the
performance  of such  obligations  has occurred or is  continuing  except as set
forth in paragraph 6 below.

             6.  The  following  is  a  description   of  each  default  in  the
performance  of the Servicer's  obligations  under the provisions of the Pooling
and Servicing Agreement,  including any Supplement,  known to the undersigned to
have been made during such period which sets forth in detail:  (i) the nature of
each such default; (ii) the action taken by the Servicer, if any, to remedy each
such default; (iii) the current status of each such default:

                                        None


<PAGE>


            IN  WITNESS   WHEREOF,   the  undersigned  has  duly  executed  this
certificate this 12th day of MARCH, 1997.





                                            /s/ MARGARET A. SPRUDE
                                           -------------------------------------
                                          Name:   Margaret A. Sprude
                                        Title:     SVP & Chief Financial Officer



<PAGE>

                                                                   EXHIBIT 99.2




                       Independent Accountant's Reports

Bank of America National Association
    and
First Bank National Association

We have examined management's assertion,  included in the accompanying Report of
Management  on Credit Card Trust  Internal  Controls  and Pooling and  Servicing
Agreement  Compliance  ("Report"),  that Bank of  America  National  Association
("BANA"),  a wholly owned  subsidiary  of  BankAmerica  Corporation,  maintained
internal  controls  over the  functions  performed  as servicer of the BA Master
Credit Card Trust Series 1996-A and Series 1996-B  ("Trust") that are effective,
as of December 31, 1996 in providing  reasonable assurance that Trust assets are
safeguarded   against  loss  from  unauthorized  use  or  disposition  and  that
transactions  are executed in  accordance  with  management's  authorization  in
conformity with the Pooling and Servicing  Agreement  ("Agreement")  dated as of
July 19,  1996,  between  BANA  and  First  Bank  National  Association  and the
supplements  to  the  Agreement,   and  are  recorded  properly  to  permit  the
preparation of the required  financial  reports.  Management is responsible  for
BANA's  internal   controls  over  compliance  with  those   requirements.   Our
responsibility  is to express an opinion on management's  assertion about BANA's
internal controls over compliance based on our examination.

Our  examination  was  made in  accordance  with  standards  established  by the
American  Institute of Certified Public Accountants and,  accordingly,  included
obtaining an understanding of the internal controls over the functions performed
by BANA as  servicer  of the  Trust,  testing  and  evaluating  the  design  and
operating  effectiveness  of the  controls,  and  such  other  procedures  as we
considered  necessary  in the  circumstances.  We believe  that our  examination
provides a reasonable basis for our opinion.  Our examination does not provide a
legal  determination on BANA's internal  controls over compliance with specified
requirements.

Because of inherent  limitations in internal controls,  errors or irregularities
may occur and not be detected.  Also,  projections of any evaluation of internal
controls over the functions performed by BANA as servicer of the Trust to future
periods  are subject to the risk that the  policies  and  procedures  may become
inadequate  because of changes in  conditions,  or that the degree of compliance
with the controls may deteriorate.

In our opinion,  management's  assertion that BANA maintained  internal controls
over the functions performed as servicer of the Trust that are effective,  as of
December  31,  1996,  in providing  reasonable  assurance  that Trust assets are
safeguarded   against  loss  from  unauthorized  use  or  disposition  and  that
transactions  are executed in  accordance  with  management's  authorization  in
conformity with the Agreement, between BANA and First Bank National Association,
and are recorded  properly to permit the  preparation of the required  financial
reports,  is fairly stated, in all material  respects,  based upon the following
criteria specified in the Report:

   Controls provide reasonable assurance that funds collected are appropriately
   remitted to the Trustee in accordance  with the Agreement and the supplements
   to the Agreement.

    Controls provide reasonable  assurance that Trust assets are segregated from
   those retained by BANA in accordance  with the Agreement and the  supplements
   to the Agreement.

    Controls provide  reasonable  assurance that expenses  incurred by the Trust
   are properly calculated and remitted in accordance with the Agreement and the
   supplements to the Agreement.

    Controls provide  reasonable  assurance that the addition of accounts to the
   Trust are authorized in accordance  with the Agreement and the supplements to
   the Agreement.

    Controls provide reasonable  assurance that the removal of accounts from the
   Trust are authorized in accordance  with the Agreement and the supplements to
   the Agreement.

    Controls provide  reasonable  assurance that Trust assets  amortizing out of
   the Trust are calculated in accordance with the Agreement and the supplements
   to the Agreement.

    Controls provide  reasonable  assurance that monthly Trust reports generated
   in the form of  "Exhibits"  and  provided  to the  Trustee  are  reviewed  by
   management prior to disbursing.

    Controls provide  reasonable  assurance that monthly Trust reports generated
   in the form of "Exhibits"  contain all required  information per section 5.02
   of the supplements to the Agreement.

This report is intended  solely for your  information and should not be referred
to or  distributed  for any purpose to anyone who is not  authorized  to receive
such information as specified in the Agreement or the applicable  supplements to
the Agreement.  However, this report is a matter of public record as a result of
being  included as an exhibit to the annual report on Form 10-K prepared by BANA
and filed with the  Securities  and Exchange  Commission  on behalf of BA Master
Credit Card Trust and its distribution is not limited.

                                          /s/  ERNST & YOUNG LLP
                                               --------------------------------
                                               Ernst & Young LLP
Phoenix, Arizona
March 14, 1997


<PAGE>




                       Independent Accountant's Report

Bank of America National Association
   and
First Bank National Association

We have examined management's assertion,  included in the accompanying Report of
Management  on Credit Card Trust  Internal  Controls  and Pooling and  Servicing
Agreement Compliance  ("Report"),  about Bank of America National  Association's
("BANA"), a wholly owned subsidiary of BankAmerica Corporation,  compliance with
the terms and conditions of Sections 3.01(f),  3.02, 3.04, 3.05, 3.09,  4.02(a),
4.03 and 9.01 of the Pooling and Servicing  Agreement  dated as of July 19, 1996
between BANA and First Bank National  Association (the "Agreement") and Sections
3(b),  4.05(a),  4.09,  4.10,  and 5.02(a) of the  supplements  to the Agreement
relating to Series 1996-A and Series 1996-B as of December 31, 1996, and for the
period July 19, 1996 through  December 31, 1996.  Management is responsible  for
BANA's compliance with those  requirements.  Our responsibility is to express an
opinion  on  management's   assertion  about  BANA's  compliance  based  on  our
examination.

Our  examination  was  made in  accordance  with  standards  established  by the
American  Institute of Certified Public Accountants and,  accordingly,  included
examining,  on a  test  basis,  evidence  about  BANA's  compliance  with  those
requirements and performing such other procedures as we considered  necessary in
the circumstances.  We believe that our examination  provides a reasonable basis
for our  opinion.  Our  examination  does not provide a legal  determination  on
BANA's compliance with specified requirements.

In our  opinion,  management's  assertion  that BANA was in  compliance,  in all
material  respects,  with  the  terms  and  conditions  of the  sections  of the
Agreement  and the  provisions of each  supplement to the Agreement  referred to
above as of December 31, 1996 and for the period July 19, 1996 through  December
31, 1996, is fairly stated, in all material respects.

This report is intended  solely for your  information and should not be referred
to or  distributed  for any purpose to anyone who is not  authorized  to receive
such information as specified in the Agreement or the applicable  supplements to
the Agreement.  However, this report is a matter of public record as a result of
being  included as an exhibit to the annual report on Form 10-K prepared by BANA
and filed with the  Securities  and Exchange  Commission  on behalf of BA Master
Credit Card Trust and its distribution is not limited.

                                          /s/  ERNST & YOUNG LLP
                                               --------------------------------
                                               Ernst & Young LLP
Phoenix, Arizona
March 14, 1997


<PAGE>










          Report of Management on Credit Card Trust Internal Controls
                 and Pooling and Servicing Agreement Compliance


INTERNAL CONTROLS

Bank of America  National  Association  ("BANA"),  a wholly owned  subsidiary of
BankAmerica  Corporation,   is  responsible  for  establishing  and  maintaining
effective  internal controls over the functions  performed as servicer of the BA
Master Credit Card Trust Series 1996-A and 1996-B ("Trust").  These controls are
designed to provide reasonable  assurance to BANA's management that Trust assets
are  safeguarded  against loss from  unauthorized  use or  disposition  and that
transactions  are executed in  accordance  with  management's  authorization  in
conformity  with the Pooling and  Servicing  Agreement  dated July 19, 1996 (the
"Agreement") and the supplements to the Agreement  relating to Series 1996-A and
Series 1996-B, as applicable,  between BANA and First Bank National  Association
and are recorded  properly to permit the  preparation of the required  financial
reports.

There  are  inherent  limitations  in  any  internal  controls,   including  the
possibility  of  human  error  and  circumvention  or  overriding  of  controls.
Accordingly,  even  effective  internal  controls  can provide  only  reasonable
assurance with respect of the achievement of any objectives of internal  control
Further,  because of changes in conditions,  the  effectiveness  of the internal
controls may vary over time.

BANA has determined that the objectives of its internal controls with respect to
servicing  and  reporting  of  sold  credit  card  receivables  are  to  provide
reasonable, but not absolute assurance that:

       Funds collected are  appropriately  remitted to the Trustee in accordance
      with the Agreement and the supplements to the Agreement.

       Trust assets are  segregated  from those  retained by BANA in  accordance
      with the Agreement and the supplements to the Agreement.

       Expenses  incurred by the Trust are properly  calculated  and remitted in
      accordance with the Agreement and the supplements to the Agreement.

       The addition of accounts to the Trust are  authorized in accordance  with
      the Agreement and the supplements to the Agreement.

       The removal of accounts from the Trust are authorized in accordance  with
      the Agreement and the supplements to the Agreement.

       Trust assets  amortizing  out of the Trust are  calculated  in accordance
      with the Agreement and the supplements to the Agreement.

       Monthly Trust reports generated in the form of "Exhibits" and provided to
      the Trustee are reviewed by management prior to disbursing.

       Monthly  Trust reports  generated in the form of  "Exhibits"  contain all
      information   required  by  the  Agreement  and  the  supplements  to  the
      Agreement.

BANA has assessed its internal controls over the functions performed as servicer
of the Trust in relation to these  criteria.  Based upon this  assessment,  BANA
maintained  that,  as of December  31,  1996,  its  internal  controls  over the
functions  performed  as  servicer  of the  Trust  are  effective  in  providing
reasonable  assurance  that  Trust  assets  are  safeguarded  against  loss from
unauthorized use or disposition and that transactions are executed in accordance
with  management's  authorization in conformity with the Agreement  between BANA
and First Bank National Association and the supplements to the Agreement and are
recorded properly to permit the preparation of the required financial reports.

POOLING AND SERVICING AGREEMENT COMPLIANCE

BANA is responsible  for complying with the Agreement and the provisions of each
supplement  to the  Agreement.  BANA assessed its  compliance  with the relevant
terms and conditions of Sections 3.01(f),  3.02, 3.04, 3.05, 3.09, 4.02(a), 4.03
and 9.01 of the Agreement and Sections 3(b), 4.05(e),  4.09, 4.10 and 5.02(a) of
the supplements to the Agreement relating to Series 1996-A and Series 1996-B, as
of December  31,  1996,  and for the period July 19, 1996  through  December 31,
1996. Based upon this assessment, BANA was in compliance with the relevant terms
and  conditions  identified  in the  Sections  above for the  Agreement  and the
supplements to the Agreement.  In addition,  BANA did not identify any instances
of noncompliance in performing the assessment.



March 14, 1997


                                     /s/ MARGARET A. SPRUDE
                                         -------------------------------
                                         Margaret A. Sprude
                                         SVP & Chief Financial Officer

                                     /s/ MICHAEL KOPP
                                         -------------------------------
                                         Michael Kopp
                                         Controller