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                                                                    EXHIBIT 99.1


                          ANNUAL SERVICER'S CERTIFICATE

                             AMERICAN EXPRESS TRAVEL
                         RELATED SERVICES COMPANY, INC.

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                          AMERICAN EXPRESS MASTER TRUST
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         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 by the First  Amendment  to the  Amended and  Restated  Master
Pooling  and  Servicing  Agreement,  dated as of October 1, 2001 (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, 2001 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, 2001,  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 25th day of March, 2002.

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

                                           By: /s/ Lawrence Belmonte
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                                              Name:  Lawrence Belmonte
                                              Title: Vice President
                                                     CSBS - Forecast & Planning