Exhibit 99.7
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                        Report of Management on Controls



The First National Bank of Atlanta (the "Company"), a wholly-owned subsidiary of
Wachovia Corporation, is responsible for establishing and maintaining effective
controls over the servicing of credit card accounts and preparation of monthly
servicer's certificates pursuant to the Wachovia Credit Card Master Trust (the
"Trust") Amended and Restated Pooling and Servicing Agreement dated June 4, 1999
between the Company and The Bank of New York (the "Agreement") and the Series
1995-1, Series 1999-1, Series 1999-2, and Series 2000-1 Supplements to the
Amended and Restated Pooling and Servicing Agreement dated October 26, 1995,
March 24, 1999, September 21, 1999, and August 1, 2000, respectively (the
"Supplements"). The controls are designed to provide reasonable assurance to the
Company's management and board of directors that credit card accounts are
serviced and monthly servicer's certificates are prepared in accordance with the
Agreement and Supplements.

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

The Company has determined that the objectives of controls with respect to the
servicing of credit card accounts and preparation of monthly servicer's
certificates pursuant to the Agreement and Supplements are to provide
reasonable, but not absolute, assurance that:

     o   Funds collected are remitted to The Bank of New York (the "Trustee") in
         accordance with the Agreement and Supplements.

     o   Trust assets are segregated from those retained by the Company in
         accordance with the Agreement and Supplements.

     o   Expenses incurred by the Trust are calculated and remitted in
         accordance with the Agreement and Supplements.

     o   Monthly servicer's certificates provided to the Trustee are reviewed by
         the Vice President, or above, prior to distribution.

     o   Monthly servicer's certificates contain all required information in
         accordance with the Agreement and Supplements.

The Company has assessed its controls over the servicing of credit card accounts
and preparation of monthly servicer's certificates in relation to these
criteria. Based upon this assessment, the Company believes that, as of October
31, 2000, its controls are effective in providing reasonable assurance that
credit card accounts are serviced and monthly servicer's certificates are
prepared pursuant to the Agreement and Supplements.


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November 14, 2000

                                            /s/Charles Hegarty
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                                            Charles Hegarty
                                            President
                                            The First National Bank of Atlanta


                                            /s/ Michael L. Scheuerman
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                                            Michael L. Scheuerman
                                            Senior Vice President
                                            The First National Bank of Atlanta

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