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

                                       OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

                   For the Fiscal Year ended December 31, 1999

                 Commission File Nos. 033-95714 and 333-29495-01

              THE FIRST NATIONAL BANK OF ATLANTA, as Transferor and
                Servicer On behalf of Partners First Credit Card
                                  Master Trust
             (Exact Name of Registrant as Specified in its Charter)

                     PARTNERS FIRST CREDIT CARD MASTER TRUST
                     (Issuer with respect to the Securities)

       Delaware                                          22-2716130
(State of Organization)                     (I.R.S. Employer Identification No.)

                                  77 Read's Way
                          New castle Corporate Commons
                           New Castle, Deleware 19720
                    (Address of Principal Executive Offices)

       Registrant's Telephone Number, including Area Code: (302) 323-2359

        Securities Registered Pursuant to Section 12(b) of the Act: None

           Securities Registered Pursuant to Section 12(g) of the Act:
Partners First Credit Card Master Trust Class A Floating Rate Asset Backed
Certificates, Series 1998-2

Partners First Credit Card Master Trust Class B Floating Rate Asset Backed
Certificates, Series 1998-2

Partners First Credit Card Master Trust Class A Floating Rate Asset Backed
Certificates, Series 1998-3

Partners First Credit Card Master Trust Class B Floating Rate Asset Backed
Certificates, Series 1998-3

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 and (2)
has been subject to such filing requirements for the past 90 days.
                                       Yes    [X]        No    [   ]

This Annual Report of Form 10-K is filed in reliance on a series of no-action
letters issued by the Office of Chief Counsel, Division of Corporate Finance of
the Securities and Exchange Commission (the "Division"), stating that the
Division would raise no objection if issuers of master trust asset-backed
securities generally file a monthly Report on Form 8-K summarizing the
performance of the assets of the master trust and file an Annual Report on Form
10-K in the manner set forth below in order to comply with Sections 13, 15(d)
and 16 of the Securities Exchange Act of 1934, as amended. Accordingly,
responses to certain Items have been omitted from or modified in this Annual
Report on Form 10-K.
<PAGE>


                                     PART I

Item 1.     Business

         The Partners First Credit Card Master Trust (the "Trust") was formed
pursuant to the Pooling and Servicing Agreement, dated as of January 29, 1998
(as may have been amended, restated or supplemented, the "Pooling and Servicing
Agreement") among Partners First Receivables Funding, LLC, as Transferor,
Partners First Holdings, LLC, as Servicer, and The Bank of New York (the
"Trustee"), as Trustee. The Trust's only business is to act as a passive conduit
to permit investment in a pool of consumer credit card account receivables.

         On January 31, 2000, The First National Bank of Atlanta (the
"Registrant" or the "Transferor") acquired the credit card portfolio and related
business of Partners First Holdings, LLC, Partners First Receivables Funding,
LLC and Partners First Receivables, LLC, and became the Transferor and Servicer
of Partners First Credit Card Master Trust pursuant to the Amended and Restated
Pooling and Servicing Agreement dated as of January 31, 2000.


Item 2.     Properties

         Not Applicable

Item 3.  Legal Proceedings

         None

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

         Investor Securities are held and delivered in book-entry form through
the facilities of the Depository Trust Company("DTC"), a "clearing agency"
registered pursuant to the provisions of Section 17A of the Securities Exchange
Act of 1934, as amended. The only definitive Investor Securities are held by
Cede & Co., the nominee of DTC.

Item 6.  Selected Financial Data

         Not Applicable

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

         Not Applicable

Item 7a. Quantitative and Qualitative Disclosures about Market Risk

         Not Applicable

Item 8.  Financial Statements and Supplementary Data

         Not Applicable

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

         None
<PAGE>

                                    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)      Security Ownership of Certain Beneficial Owners. The
                  Certificates of each Class of each Series representing
                  investors' interests in the Trust are represented by one or
                  more Certificates registered in the name of Cede & Co., the
                  nominee of the DTC, and an investor holding an interest in the
                  Trust is not entitled to receive a Certificate representing
                  such interest except in certain limited circumstances.
                  Accordingly, Cede & Co. is the sole holder of record of
                  Certificates, which it held on behalf of brokers, dealers,
                  banks and other direct participants in the DTC system at
                  December 31, 1999. At December 31, 1999, the following direct
                  DTC participants held positions in the Transferor Security
                  representing interests in the Trust equal to or exceeding 5%
                  of the total principal amount of the Transferor Security
                  outstanding on that date:
<TABLE>
<CAPTION>
                                                                               Aggregate Amount     Percentage
                     Title of                                                  Of Certificates          Of
                      Class                  Name                                   Held            Ownership
                      -----                  ----                                   ----            ---------
<S>                    <C>                   <C>                                    <C>                <C>
                  Series 1998-2    Banque Nationale de Paris              $        33,350,000         5.20%
                     Class A       Boston Safe Deposit and Trust Company           52,000,000         8.11%
                                   Chase Manhattan Bank                           247,000,000        38.53%
                                   Northern Trust Company                          72,000,000        11.23%

                  Series 1998-2    Bankers Trust Company                  $        50,000,000         7.80%
                     Class B       Chase Manhattan Bank                            10,000,000         1.56%

                  Series 1998-3    The Bank of New York                   $       104,500,000        16.30%
                     Class A       Chase Manhattan Bank                           373,000,000        58.19%

                  Series 1998-3    The Bank of New York                   $        98,000,000        15.29%
                     Class B       Chase Manhattan Bank                             7,000,000         1.09%

                  The address of each of the above participants is:
                           C/O The Depository Trust Company
                           55 Water Street
                           New York, NY  10041
</TABLE>

         (b)      Security Ownership of Management.  Not Applicable

         (c)      Changes in Control.  Not Applicable

Item 13. Certain Relationships and Related Transactions

         None

<PAGE>


                                     PART IV


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

         The following documents are filed as part of this Annual Report on Form
10-K:

(a)      Exhibits

              Exhibit               Description

99.1     Annual Certificate of Servicer pursuant to Section 3.5 of the Pooling
         and Servicing Agreement

99.2     Annual Servicing Reports of Independent Accountants pursuant to Section
         3.6(a) of the Pooling and Servicing Agreement


99.3     Annual Report of Independent Accountants on Applying Agreed-Upon
         Procedures pursuant to Section 3.6(b) of the Pooling and Servicing
         Agreement

(b)      Reports on Form 8-K

         Current Reports on Form 8-K are filed promptly, but in no event more
         than 15 days, after each distribution to Security holders attaching as
         an exhibit thereto the related Monthly Servicing Report in response to
         Item 5 (Other Events).


                                   SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrants have duly caused this report to be signed
on their behalf by the undersigned hereunto duly authorized.

                                 THE FIRST NATIONAL BANK OF ATLANTA (Delaware)
                                 d/b/a Wachovia Bank Card Services
                                 As Transferor and Servicer of Trust Registrant


Date:  March 28, 2000                    By:      Michael L. Scheuerman
     -------------------------------          ----------------------------
                                                     Michael L. Scheuerman
                                                     Senior Vice President

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed by the following persons on behalf of the registrant and in
the capacities indicated.
<TABLE>
<CAPTION>
<S>                                                     <C>                            <C>    <C>    <C>    <C>    <C>

         Signature                                   Title                                       Date


Charles M. Hegarty                           President and Director                            March 28, 2000
--------------------------                                                               ---------------------
Charles M. Hegarty


Donald K. Truslow                           Comptroller (Principal Financial                   March 24, 2000
--------------------------                  Officer and Principal Accounting             ---------------------
Donald K. Truslow                           Officer)


Beverly B. Wells                            Chairman and Director                              March 27, 2000
--------------------------                                                               ---------------------
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
<S><C>
Beverly B. Wells

J. Peirce Anderson, Esq.                    Director                                          March 29, 2000
--------------------------                                                               ---------------------
J. Peirce Anderson, Esq.

John E. F. Corson                           Director                                          March 29, 2000
--------------------------                                                               ---------------------
John E. F. Corson

Martin I. Lubaroff, Esq.                    Director                                           March 29, 2000
--------------------------                                                               ---------------------
Martin I. Lubaroff, Esq.

Richard G. McCauley                         Director                                           March 29, 2000
--------------------------                                                               ---------------------
Richard G. McCauley
</TABLE>



                                  EXHIBIT INDEX

         Exhibit No.

99.1     Annual Certificate of Servicer pursuant to Section 3.5 of the Pooling
         and Servicing Agreement

99.2     Annual Servicing Reports of Independent Accountants pursuant to Section
         3.6(a) of the Pooling and Servicing Agreement

99.3     Annual Report of Independent Accountants on Applying Agreed-Upon
         Procedures pursuant to Section 3.6(b) of the Pooling and Servicing
         Agreement