EXHIBIT 99.1


                          ANNUAL SERVICER'S CERTIFICATE

                             AMERICAN EXPRESS TRAVEL
                         RELATED SERVICES COMPANY, INC.

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

                          AMERICAN EXPRESS MASTER TRUST
-------------------------------------------------------------------------------


     The  undersigned,  a duly  authorized  representative  of American  Express
Travel Related  Services  Company,  Inc., as Servicer  ("TRS"),  pursuant to the
Amended and Restated  Master Pooling and Servicing  Agreement dated as of May 1,
1998 (as  amended  and  supplemented,  the  "Agreement"),  by and among TRS,  as
Servicer,  American  Express  Centurion  Bank, a Utah banking  institution,  and
American Express Receivables Financing Corporation,  each as Transferor, and The
Bank of New York, as trustee (the "Trustee"), does hereby certify to the best of
his knowledge after reasonable investigation that:

1.  TRS is  as of the date hereof the Servicer under the Agreement.  Capitalized
terms used in this Certificate  have their respective  meanings set forth in the
Agreement.

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

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

4.  A  review  of  the activities of the Servicer during the calendar year ended
December 31, 2000 and of its performance under the Agreement was conducted under
my supervision.

5.  Based  on  such review, to  the best of my knowledge, the Servicer has fully
performed all its obligations under the Agreement throughout such  calendar year
and no event which, with the giving of notice or passage of time  or both, would
constitute a Servicer Default has occurred and is continuing except as set forth
in paragraph 6 below.

6.  The  following  is a description of each Servicer Default in the performance
of the Servicer's obligations  or  Early Amortization Event under the provisions
of the Agreement known to me to  have been  made  during the calendar year ended
December 31, 2000,  which  set  forth  in  detail  (i)  the  nature of each such
Servicer  Default  or  Early  Amortization  Event, (ii) the  action taken by the
Servicer,  if  any,  to  remedy each such Servicer Default or Early Amortization
Event, and (iii) the current status of each such default: NONE.

    IN  WITNESS  WHEREOF,  the  undersigned,  a  duly  authorized officer of the
Servicer, has duly executed this Certificate this 16th day of March, 2001.

                                   AMERICAN EXPRESS TRAVEL RELATED
                                   SERVICES COMPANY, INC., as Servicer

                                   By:  /s/ Lawrence A. Belmonte
                                        ---------------------------
                                        Name:  Lawrence A. Belmonte
                                        Title: Vice President - Business Results


<PAGE>

                                                                    EXHIBIT 99.2



REPORT OF INDEPENDENT ACCOUNTANTS


American Express Travel Related Services Company, Inc.
3 World Financial Center
200 Vesey Street
New York, New York 10285

American Express Centurion Bank
6985 Union Park Center, Suite 235
Midvale, UT 84047

American Express Receivables Financing Corporation
3 World Financial Center
200 Vesey Street
New York, New York 10285

         and

The Bank of New York
101 Barclay Street, Floor 12E
New York, New York 10286


We  have  audited  in  accordance  with auditing standards generally accepted in
the United  States the  consolidated  balance sheet of American  Express  Travel
Related Services Company,  Inc. (the "Company") as of December 31, 2000, and the
related consolidated statements of income,  shareholder's equity, and cash flows
for the year then ended,  and have issued our report  thereon dated  February 8,
2001.

In  connection  with  our  audit,  nothing  came to our attention that caused us
to  believe  that the  Company  failed  to  comply  with the  terms,  covenants,
provisions, or conditions of Articles III and IV and Section 8.08 of the Amended
and Restated Master Pooling and Servicing Agreement,  dated as of May 1, 1998 as
supplemented by the Series' 1993-1,  1994-2,  1994-3, 1996-1, 1996-2, and 1998-1
Supplements (together the "Agreement"), among the Company, as Servicer, American
Express Receivables Financing Corporation ("RFC") and American Express Centurion
Bank  ("Centurion"),  as  Transferors,  and The  Bank of New York  ("BONY"),  as
Trustee on behalf of the Certificateholders of the Trust, insofar as they relate
to  accounting  matters.  However,  our audit is not directed  primarily  toward
obtaining knowledge of such noncompliance. Also, it should be understood that we
make no representations as to questions of legal interpretation.


<PAGE>



This  report  is  intended  solely  for  the information and use of the Company,
RFC,  Centurion,   BONY,  Moody's  Investors  Services  and  Standard  &  Poor's
Corporation  and is not  intended  to be and should not be used by anyone  other
than these specified parties. However, this report is a matter of public record,
as a result of inclusion  as an exhibit to the Annual  Report on Form 10-K filed
by RFC on behalf of the Trust, and its distribution is not limited.


                                                        /s/ Ernst & Young LLP


March 30, 2001



<PAGE>






REPORT OF INDEPENDENT ACCOUNTANTS



American Express Travel Related Services Company, Inc.
3 World Financial Center
200 Vesey Street
New York, New York 10285

American Express Centurion Bank
6985 Union Park Center, Suite 235
Midvale, UT 84047

American Express Receivables Financing Corporation
3 World Financial Center
200 Vesey Street
New York, New York 10285

         and

The Bank of New York
101 Barclay Street, Floor 12E
New York, New York 10286

We   have  examined  management's  assertion   that   American   Express  Travel
Related Services Company,  Inc.  ("TRS"),  a wholly owned subsidiary of American
Express Company ("American  Express"),  maintained internal control policies and
procedures  over the  functions  performed as Servicer of the  American  Express
Master Trust (the  "Trust")  that are  effective,  as of December  31, 2000,  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 Amended and
Restated  Master  Pooling and Servicing  Agreement,  dated as of May 1, 1998, as
supplemented by  the Series'  1993-1, 1994-2, 1994-3, 1996-1, 1996-2, and 1998-1
Supplements (together the "Agreements"), among TRS as Servicer, American Express
Receivables  Financing  Corporation  ("RFC") and American Express Centurion Bank
("Centurion"), as Transferors, and The Bank of New York, as Trustee on behalf of
the  Certificateholders  of the Trust,  and are recorded  properly to permit the
preparation of the required financial reports. This assertion is included in the
accompanying report of management titled,  "Report of Management on Master Trust
Internal  Control  Policies and Procedures  and Pooling and Servicing  Agreement
Compliance" (the "Report").



<PAGE>



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 control policies and procedures over
the functions performed by TRS as Servicer of the Trust,  testing and evaluating
the design and operating effectiveness of the policies and procedures,  and such
other  procedures as we considered  necessary in the  circumstances.  We believe
that our examination provides a reasonable basis for our opinion.

Because of inherent limitations in any  internal control  policy  and procedure,
errors  or  irregularities  may  occur  and not be  detected.  Also, projections
of  any  evaluation of  the control  structure  policies and procedures over the
functions  performed  by  TRS  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
policies or procedures may deteriorate.

In  our  opinion,  management's  assertion  that TRS maintained internal control
policies and  procedures  over the functions  performed as Servicer of the Trust
that are effective,  as of December 31, 2000, 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 Agreements between TRS as Servicer, RFC and
Centurion as Transferors,  and The Bank of New York, as Trustee on behalf of the
Certificateholders  of the  Trust,  and are  recorded  properly  to  permit  the
preparation of the required financial reports, is fairly stated, in all material
respects, based upon the criteria specified in the Report.

This  report  is  intended  solely  for  the information and use of the Board of
Directors and management of TRS as Servicer,  RFC and Centurion as  Transferors,
and The Bank of New York as Trustee on behalf of the  Certificateholders  of the
Trust,  and is not  intended  to be and should not be used by anyone  other than
these specified parties. However, this report is a matter of public record, as a
result of inclusion as an exhibit to the Annual Report on Form 10-K filed by RFC
on behalf of the Trust, and its distribution is not limited.


/s/ Ernst & Young LLP

March 30, 2001


<PAGE>









              REPORT OF MANAGEMENT ON MASTER TRUST INTERNAL CONTROL
                POLICIES AND PROCEDURES AND POOLING AND SERVICING
                              AGREEMENT COMPLIANCE



Internal Control Policies and Procedures
----------------------------------------

American Express Travel Related Services  Company,  Inc.  ("TRS"),  which  is  a
wholly-owned   subsidiary  of  American  Express  Company,  is  responsible  for
establishing and maintaining effective control structure policies and procedures
over the functions  performed as Servicer of the American  Express  Master Trust
(the "Trust").  These policies and procedures are designed to provide reasonable
assurance  to TRS's  management  and board of  directors  that Trust  assets are
safeguarded   against  loss  from  unauthorized  use  or  disposition  and  that
transactions  are executed in  conformity  with the Amended and Restated  Master
Pooling  and  Servicing  Agreement  dated as of May 1, 1998 as  supplemented  by
Series' 1993-1,  1994-2, 1994-3, 1996-1, 1996-2 and 1998-1 Supplements (together
the "Agreement"),  among TRS as Servicer, American Express Receivables Financing
Corporation  ("RFC")  and  American  Express  Centurion  Bank  ("Centurion")  as
Transferors,   and  The  Bank  of  New  York  as   Trustee   on  behalf  of  the
Certificateholders  of the  Trust,  and are  recorded  properly  to  permit  the
preparation of the required financial reports.

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

TRS  has  determined  that  the  objectives  of its control  structure  policies
and  procedures,   with  respect  to  servicing  and  reporting  of  transferred
receivables, are to provide reasonable, but not absolute assurance that:

o  Funds collected are  appropriately allocated to the Trust in  accordance with
   the Agreement.

o  The  addition  of Accounts to the Trust are authorized in accordance with the
   Agreement.


<PAGE>

o  The  removal of Accounts from the Trust are authorized in accordance with the
   Agreement.

o  Trust assets amortizing out of the Trust are calculated  in  accordance  with
   the Agreement.

o  Daily records  as specified in the Agreement are maintained and are available
   for inspection by the Trustee upon request.

o  Monthly  Servicer's  Certificates  are  prepared  and  contain  the  required
   information in accordance with the Agreement.

o  Monthly  Servicer's  Certificates  generated  pursuant  to  the Agreement are
   materially correct and are derived from and reconcile to the computer reports
   which are the source of such amounts contained in the reports.

o  On  an  annual  basis,  the  Servicer  will  deliver to the Trustee an Annual
   Servicer's Certificate.

o  The  payments  to the Trustee are made by the Servicer in accordance with the
   Agreement.

TRS  has  assessed  its  internal  control  policies  and  procedures  over  the
functions  performed  as Servicer  of the Trust in  relation to these  criteria.
Based upon this  assessment,  TRS maintained  that, as of December 31, 2000, its
internal  control  policies  and  procedures  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 the
transactions  are executed in  accordance  with  management's  authorization  in
conformity  with the  Agreement  among TRS as  Servicer,  RFC and  Centurion  as
Transferors,   and  The  Bank  of  New  York  as   Trustee   on  behalf  of  the
Certificateholders  of the  Trust,  and are  recorded  properly  to  permit  the
preparation of the required financial reports.


Pooling and Servicing Agreement Compliance
------------------------------------------

TRS  is  responsible  for  complying   with  the  Agreement.  TRS  assessed  its
compliance,  as of December 31, 2000 and for the annual  compliance  period then
ended, with the relevant  covenants and conditions  identified in the Agreement.
Based upon this  assessment  and the  delivery of the  independent  accountant's
letters  pursuant  to  Section  3.06  (a) and (b) of the  Agreement,  TRS was in
compliance,  as of December 31, 2000 and for the annual  compliance  period then
ended, with the relevant  covenants and conditions  identified in the Agreement.
In addition,  TRS did not identify any instances of  noncompliance in performing
the assessment.

March 30, 2001


<PAGE>




           American Express Travel Related Services Company, Inc. by:




Date signed  3/30/01        /s/ James R. Ford
             -------        ----------------------------------------------------
                            James R. Ford
                            Senior Vice President - Assistant
                            Comptroller
                            Financial Accounting and Reporting



Date signed  3/30/01        /s/ Lawrence Belmonte
             -------        ----------------------------------------------------
                            Lawrence Belmonte
                            Vice President, CSBS Finance



<PAGE>



                                                                    EXHIBIT 99.3

                             Servicer's Certificate
             American Express Travel Related Services Company, Inc.
                                Annual Statement
       Relating to the Period December 27, 1999 through December 27, 2000

                  ----------------------------------------------
                           American Express Master Trust
                  ----------------------------------------------

     The  undersigned,  a duly  authorized  representative  of American  Express
     Travel Related  Services  Company,  Inc.  ("TRS"), as Servicer  pursuant to
     the Amended and Restated Master Pooling and Servicing Agreement dated as of
     May 1, 1998 (as amended,  the "Agreement"),  as supplemented by  the Series
     Supplements,   amongst  TRS,  American    Express   Receivables   Financing
     Corporation  ("RFC"),  and  American   Express   Centurion  Bank  (AECB) as
     Transferor,  and The Bank of New York,  as Trustee, does hereby certify the
     information set forth below.

1.   Capitalized terms used in this Certificate have their  respective  meanings
     meanings as set forth in the Agreement or Series Supplement as  applicable.
     References  herein  to certain  sections and  subsections are references to
     the respective sections and subsections in the Agreement.

2.   TRS is Servicer under the Agreement.

3.   The undersigned is a Servicing Officer.

4.   This  Certificate  relates  to  the  period  from December 27, 1999 through
            December 27, 2000.

A.   Information Regarding the American Express Master Trust

1.   Trust Principal Component at
            December 27, 1999.....                           $7,068,822,423.11

2.   Aggregate Invested Amounts at
            December 27, 1999.....                           $3,679,393,678.00

3.   Transferor Amount at
            December 27, 1999.....                           $3,389,428,745.11

4.   Trust Principal Component at
            December 27, 2000.....                           $6,753,331,979.63

5.   Aggregate Invested Amounts at
            December 27, 2000.....                           $3,044,473,043.00

6.   Transferor Amount at
            December 27, 2000.....                           $3,708,858,936.63


B.   Information Regarding Performance of the American Express Master Trust
       Receivable Pool

1.   The aggregate Receivable balance as of

   (a) December 27, 1999 was equal to.....                   $7,287,445,797.01
   (b) December 27, 2000 was equal to.....                   $6,962,197,917.15





                                      - 1 -


<PAGE>



                             Servicer's Certificate
             American Express Travel Related Services Company, Inc.
      Relating to the Period December 27, 1999 through December 27, 2000

2.    The Yield Factor in effect from December 27, 1999 through
       December 27, 2000 was equal to.....                             3.0000%

3. (a)The aggregate amount of Collections on Receivables,
       exclusive of recoveries for the period December 27, 1999
       through December 27, 2000 was equal to.....          $57,706,282,350.30

3. (b)The aggregate balance of Receivables
       deposited to the Collection Account
       pursuant to Sections 2.04(d) and 3.03
       of the Agreement for the period December 27, 1999
       through December 27, 2000 was equal to.....          $             0.00

4.    The aggregate amount of Principal Collections
       for the period December 27, 1999 through December 27, 2000
       was equal to.....                                    $55,975,093,879.79

5.    The aggregate amount of Yield Collections
       for the period December 27, 1999 through December 27, 2000
       was equal to.....                                    $ 1,731,188,470.51

6.    Gross Losses
       [The aggregate amount of Receivables for all Accounts
       which became Defaulted Accounts during the period
       December 27, 1999 through December 27, 2000
       was equal to]...                                     $   182,192,181.97

7.    The aggregate amount of Recoveries
       for the period December 29, 1998 through December 26, 1999
       was equal to.....                                    $    57,317,552.47

8. (a)Net Losses [Gross Losses, less Recoveries]
       for the period December 27, 1999 through December 27, 2000
       was equal to.....                                    $   124,874,629.50

8. (b)The Default Amount [Net Losses, times
       (1 minus the Yield Factor)]
       for the period December 27, 1999 through December 27, 2000
       was equal to.....                                    $   121,128,390.62


C.    Information Regarding Performance of the American Express Master Trust
            Receivable Pool (Percentage Basis)

1.    The aggregate amount of Charge Volume and Fees
       for the period December 27, 1999 through
       December 27, 2000.....                               $57,563,226,652.38

2.     Computed yield as a percentage of Charge Volume and Fees [Yield
       Collections for the period December 27, 1999 through December 27, 2000
       divided by the aggregate amount of Charge Volume and Fees for the
       period December 27, 1999 through December 27, 2000.....         3.0075%




                                      - 2 -


<PAGE>



                             Servicer's Certificate
             American Express Travel Related Services Company, Inc.
       Relating to the Period December 27, 1999 through December 27, 2000

3.    Gross Losses as a percentage of Charge Volume
       and Fees [Gross Losses, divided by the
       aggregate amount of Charge Volume and Fees for the
       period December 27, 1999 through December 27, 2000.....         0.3165%

4.    Recovery rate [Recoveries, divided by the
       aggregate amount of Charge Volume and Fees for the
       period December 27, 1999 through December 27, 2000.....         0.0996%

5.    Net Losses as a percentage of Charge Volume
       and Fees [Net Losses, divided by the
       aggregate amount of Charge Volume and Fees for the
       period December 27, 1999 through December 27, 2000.....         0.2169%

6.    Computed Net Yield as a percentage of Charge Volume
       and Fees [Yield Collections less net Net Losses,
       divided by the aggregate amount of Charge Volume and
       Fees for the period December 27, 1999 through
       December 27, 2000.....                                          2.7905%

7.    Mean monthly Payment rate
       [Average of the Average Monthly Payment Rates
       reported for the Due Periods in 2000].....                     81.8339%

8.    Mean Receivable turnover rate [Average of
       the Receivable Turnover Rates reported for the Due
       Periods in 2000].....                                           9.4265%








IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 21st
day of March, 2001.





                                             American Express
                                             Travel Related Services
                                             Company, Inc.
                                             Servicer,


                                             By: /s/ Lawrence Belmonte
                                                ------------------------------
                                                Name:   Lawrence Belmonte
                                                Title:  Vice President
                                                        Business Results


                                      - 3 -


<PAGE>




            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1993-1
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1993-1 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period December 27, 1999 through August 26, 2000 allocated to Series
        1993-1.

1.     Yield Collections allocated to Series 1993-1.....     $  123,188,208.60

2.     Principal Collections allocated to
        Series 1993-1 during the Revolving Period,
        treated as Excess principal Collections.....         $3,983,085,411.55

3.     The Investor Default Amount allocated to
        Series 1993-1.....                                   $    8,640,426.44

4.     Total amount of Interest distributed to holders
        of Series 1993-1                                     $   33,530,423.28

5.     Total amount of Principal distributed to
        holders of Series 1993-1                             $  634,920,635.00







IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 21st
day of March, 2001.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/ Lawrence Belmonte
                                         -----------------------------------
                                         Name:  Lawrence Belmonte
                                         Title: Vice President
                                                Business Results









                                      - 4 -


<PAGE>




            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1994-2
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1994-2 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period December 27, 1999 through December 27, 2000 allocated to Series
        1994-2.

1.     Yield Collections allocated to Series 1994-2.....     $   92,224,101.72

2.     Principal Collections allocated to
        Series 1994-2 during the Revolving Period,
        treated as Excess principal Collections.....         $2,981,912,622.24

3.     The Investor Default Amount allocated to
        Series 1994-2.....                                   $    6,463,250.80

4.     Total amount of Interest distributed to holders
        of Series 1994-2                                     $   24,153,174.60

5.     Total amount of Principal distributed to
        holders of Series 1994-2                             $            0.00







IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 21st
day of March, 2001.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/ Lawrence Belmonte
                                         -----------------------------------
                                         Name:  Lawrence Belmonte
                                         Title: Vice President
                                                Business Results








                                      - 5 -


<PAGE>




                  -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1994-3
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1994-3 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period December 27, 1999 through December 27, 2000 allocated to Series
        1994-3.

1.     Yield Collections allocated to Series 1994-3.....     $   92,224,101.72

2.     Principal Collections allocated to
        Series 1994-3 during the Revolving Period,
        treated as Excess principal Collections.....         $2,981,912,622.24

3.     The Investor Default Amount allocated to
        Series 1994-3.....                                   $    6,463,250.80

4.     Total amount of Interest distributed to holders
        of Series 1994-3                                     $   24,938,095.20

5.     Total amount of Principal distributed to
        holders of Series 1994-3                             $            0.00







IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 21st
day of March, 2001.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/ Lawrence Belmonte
                                         -----------------------------------
                                         Name:  Lawrence Belmonte
                                         Title: Vice President
                                                Business Results







                                      - 6 -



<PAGE>




            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1996-1
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1996-1 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period December 27, 1999 through December 27, 2000 allocated to Series
        1996-1.

1.     Yield Collections allocated to Series 1996-1.....     $  298,357,432.20

2.     Principal Collections allocated to
        Series 1996-1 during the Revolving Period,
        treated as Excess principal Collections.....         $9,646,890,307.85

3.     The Investor Default Amount allocated to
        Series 1996-1.....                                   $   20,909,489.77

4.     Total amount of Interest distributed to holders
        of Series 1996-1                                     $   68,006,177.07

5.     Total amount of Principal distributed to
        holders of Series 1996-1                             $            0.00







IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 21st
day of March, 2001.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/ Lawrence Belmonte
                                         -----------------------------------
                                         Name:  Lawrence Belmonte
                                         Title: Vice President
                                                Business Results








                                      - 7 -


<PAGE>




            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1996-2
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1996-2 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period December 27, 1999 through December 27, 2000 allocated to Series
        1996-2.

1.     Yield Collections allocated to Series 1996-2.....     $   94,218,136.39

2.     Principal Collections allocated to
        Series 1996-2 during the Revolving Period,
        treated as Excess principal Collections.....         $3,046,386,410.04

3.     The Investor Default Amount allocated to
        Series 1996-2.....                                   $    6,602,996.76

4.     Total amount of Interest distributed to holders
        of Series 1996-2                                     $   21,532,714.53

5.     Total amount of Principal distributed to
        holders of Series 1996-2                             $            0.00







IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 21st
day of March, 2001.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/ Lawrence Belmonte
                                         -----------------------------------
                                         Name:  Lawrence Belmonte
                                         Title: Vice President
                                                Business Results








                                      - 8 -


<PAGE>




            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1998-1
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1998-1 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period December 27, 1999 through December 27, 2000 allocated to Series
        1998-1.

1.     Yield Collections allocated to Series 1998-1.....     $  307,413,673.07

2.     Principal Collections allocated to
        Series 1998-1 during the Revolving Period,
        treated as Excess principal Collections.....         $9,939,708,762.73

3.     The Investor Default Amount allocated to
        Series 1998-1.....                                   $   21,544,169.37

4.     Total amount of Interest distributed to holders
        of Series 1998-1                                     $   62,521,164.00

5.     Total amount of Principal distributed to
        holders of Series 1998-1                             $            0.00







IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 21st
day of March, 2001.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/ Lawrence Belmonte
                                         -----------------------------------
                                         Name:  Lawrence Belmonte
                                         Title: Vice President
                                                Business Results








                                      - 9 -