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EXHIBIT 10.1 - FORM OF INSURANCE POLICY

                         NOTE GUARANTEE INSURANCE POLICY

Insured Obligations: FNANB Credit Card Master Note Trust (the "Note Trust")
                     $[______] Class A [Floating Rate] Asset Backed Notes,
                     Series [_____]

Policy No:   [_____]

Effective Date:      [_____], 2002

     [____________], a [____________] (the "Insurer"), in consideration of the
payment of the premium and subject to the terms of this Note Guarantee Insurance
Policy (this "Policy"), hereby agrees unconditionally and irrevocably to pay to
the Indenture Trustee for the benefit of the Holders of the Insured Obligations,
subject only to prior presentation of a Notice (as defined below) in accordance
with the terms of this Policy, payment of that portion of the Insured Amounts
(as defined below) that are Deficiency Amounts which shall become Due For
Payment but shall be unpaid by reason of Non-Payment and certain Preference
Amounts; provided, however, that the aggregate of all Preference Amounts (as
defined below) shall be subject to the limitations in such term; provided,
further, that in no event shall the amount payable by the Insurer with respect
to Insured Amounts under this Policy exceed the Policy Amount (as defined
below). The Insurer's obligations under this Policy with respect to an Insured
Amount shall be discharged to the extent funds to pay such Insured Amount are
(i) deposited with the Indenture Trustee for deposit into the Collection Account
in accordance with the Indenture, the Transfer and Servicing Agreement or the
Pooling Agreement or (ii) disbursed by the Insurer as provided in this Policy to
the Indenture Trustee, in each case, whether or not such funds are properly
applied by the Indenture Trustee, the Trustee or any Paying Agent, and the
Insurer shall have no further obligation hereunder in respect of such Insured
Amount. Insured Payments shall be made only at the time set forth in this
Policy, and no accelerated Insured Payments shall be made regardless of any
acceleration of the Insured Obligations (including any early redemption), unless
such acceleration is at the sole option of the Insurer.

     Notwithstanding the foregoing paragraph, this Policy does not cover
shortfalls, if any, attributable to the liability of the Note Trust for
withholding taxes, if any (including interest and penalties in respect of such
liability).

     Subject to the foregoing, the Insurer shall make payment to the Indenture
Trustee of any Preference Amount, if sufficient funds are not otherwise
available for payment of such disgorgement or recovery, when due to be paid
pursuant to an Order (as defined below), the later of (a) the date when due to
be paid pursuant to the Order referred to below and (b) the fifth Business Day
following receipt on a Business Day by the Insurer in New York, New York of (i)
a certified copy of the final nonappealable order of a court or other
governmental body exercising competent jurisdiction ordering the recovery by a
receiver, conservator, debtor-in-possession or trustee in bankruptcy of a
Preference Amount (an "Order"), (ii) a certificate by or on behalf of the
Indenture Trustee or the Holders that the Order has been entered and is not
subject to appeal, (iii) an assignment in such form as is reasonably required by
the Insurer, duly executed and delivered by the Indenture Trustee or the
Holders, as applicable, irrevocably assigning to the Insurer all rights and
claims of the Indenture Trustee or the Holders,

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as applicable, relating to or arising under the Insured Obligations against the
debtor which made such preference payment or otherwise with respect to such
Preference Amount, (iv) appropriate instruments to effect (when executed by the
affected party) the appointment of the Insurer as agent for the Indenture
Trustee and the Holders in any legal proceeding relating to such preference
payment in a form satisfactory to the Insurer, and (v) a Notice appropriately
completed and executed by the Indenture Trustee; provided, however, that the
Insurer shall not be obligated to make any payment in respect of any Preference
Amount representing a payment in respect of principal on the Insured Obligations
prior to the time the Insurer would have been required to make a payment in
respect of such principal pursuant to the first paragraph hereof; provided,
further, that in no event shall the Insurer be obligated to make any payment in
respect of any Preference Amount to the extent that such payment, when added to
all prior payments of Insured Amounts, would exceed the Policy Amount. Such
payments shall be disbursed to the court or other governmental body or receiver,
conservator, debtor-in-possession or trustee in bankruptcy named in the Order on
behalf of such Holders and not to any Holder or the Indenture Trustee directly
unless such Holder or the Indenture Trustee, as applicable, has returned
principal or interest paid on the Insured Obligations to such court or other
governmental body or receiver, conservator, debtor-in-possession or trustee in
bankruptcy named in such Order, in which case such payment shall be disbursed to
the Indenture Trustee on behalf of such Holder, subject to delivery of (a) the
items referred to in clauses (i) through (v) above to the Insurer and (b)
evidence satisfactory to the Insurer that payment has been made to such court or
other governmental body or receiver, conservator, debtor-in-posession or trustee
in bankruptcy named in such Order.

     The Insurer shall pay any amounts (other than Preference Amounts) due
hereunder in immediately available funds no later than 12:00 noon, New York City
time, on the later of [the Business Day prior to the Distribution Date] on which
the related Deficiency Amount is due or the second Business Day following
receipt in New York, New York on a Business Day by the Insurer of a Notice;
provided, however, that if such Notice is received after 12:00 noon, New York
City time, on such Business Day or a day that is not a Business Day, it shall be
deemed to be received on the following Business Day. The terms "receipt" and
"received" mean, with respect to any item to be delivered under this Policy with
respect to a claim, actual delivery to the Insurer, before 12:00 noon, New York
City time, on a Business Day; delivery of any item to be delivered under this
Policy on a day that is not a Business Day or after 12:00 noon, New York City
time on a Business Day, shall be deemed to be received on the following Business
Day. If any Notice, certificate, instrument or other item given under this
Policy received by the Insurer is not in proper form or is not properly
completed, executed or delivered or is otherwise insufficient for the purpose of
making claim hereunder, it shall be deemed not to have been received by the
Insurer for purposes of this Policy, and the Insurer shall promptly so advise
the Indenture Trustee and the Indenture Trustee may submit an amended Notice,
certificate, instrument or other item.

     Insured Payments due hereunder, unless otherwise stated herein, will be
disbursed by the Insurer to the Indenture Trustee on behalf of the Holders by
wire transfer of immediately

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available funds in the amount of the Insured Amount less, in respect of Insured
Payments related to Preference Amounts, any amount held by the Indenture Trustee
for the payment of such Insured Payments and legally available therefor.

     Upon any payment hereunder, the Insurer shall be subrogated to the rights
of each Holder and the Indenture Trustee to receive any and all amounts due
under the Insured Obligations under the terms of the Indenture to the extent of
any payment by the Insurer under this Policy. Once payments of the Insured
Amounts have been made to the Indenture Trustee or deposited into the Collection
Account, the Insurer shall have no further obligation hereunder in respect of
such Insured Amounts.

     The Insurer hereby agrees that if, as of any Distribution Date, it has
become subrogated to the rights of Holders by virtue of any previous payment
under this Policy, no recovery of such payment will occur unless the full amount
of the Holders' allocable distributions for such Distribution Date are made. In
so doing, the Insurer does not waive its rights to seek full payment of all
amounts owed to it, subject to the foregoing.

     Capitalized terms used herein and not otherwise defined herein shall have
the meanings assigned to them in the Indenture or in the Pooling Agreement as of
the Effective Date of this Policy, without regard to any amendment or
modification to the Indenture or the Pooling Agreement after such Effective Date
unless such amendment or modification has been approved in writing by the
Insurer.

     As used herein, the following terms shall have the following meanings:

     "Deficiency Amount" means [(x) in respect of each Distribution Date, an
amount equal to the sum of (a) the amount equal to the excess, if any, of (i)
the Class A Monthly Interest payable on such Distribution Date over (ii) the
Available Funds and Reallocated Principal Collections available to pay the Class
A Monthly Interest on such Distribution Date and (b) the Potential Class A
Charge-Off for such Distribution Date; and (y) on the Series [_____] Termination
Date, the outstanding principal amount of the Insured Obligations as reduced by
the application of all Available Principal Collections and amounts on deposit in
the Principal Funding Account (and all other funds available for reduction of
principal on the Insured Obligations on such Series [_____] Termination Date);
provided, however, that no payment (other than any payment made in respect of
Preference Amounts) under this Policy with respect to any Distribution Date
shall exceed the Policy Amount for such Distribution Date.]

     "Due For Payment" means, with respect to any Insured Amount that is a
Deficiency Amount, such amount that is due and payable under the Indenture on
the related Distribution Date.

     "Holder" means each Class A Noteholder who, on the applicable date, is
entitled under the terms of the applicable Insured Obligations to payment
thereunder.

     "Indenture" means the Master Indenture dated as of [_____], 2002 (the "Base
Indenture"), between the Note Trust and JPMorgan Chase Bank, as indenture
trustee (together with any successor, the "Indenture Trustee"), as supplemented
by the Indenture Supplement

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dated as of [_____], 2002 (the "Indenture Supplement"), between the Note Trust
and the Indenture Trustee.

     "Insolvency Proceeding" means the commencement, after the date hereof, of
any bankruptcy, insolvency, receivership, readjustment of debt, reorganization,
marshalling of assets and liabilities or similar proceedings by or against the
Transferor, the Servicer or the Note Trust, the commencement, after the date
hereof, of any proceedings by or against the Transferor, the Servicer or the
Note Trust for the winding up or liquidation of its affairs, or the consent,
after the date hereof, to the appointment of a trustee, conservator, receiver or
liquidator in any bankruptcy, insolvency, receivership, readjustment of debt,
reorganization, marshalling of assets and liabilities or similar proceedings of
or relating the Transferor, the Servicer or the Note Trust.

     "Insured Amount" means (i) as of any Distribution Date, the Deficiency
Amount and (ii) any Preference Amount; provided, however, that in no event shall
the amount payable by the Insurer under this Policy exceed the Policy Amount.

     "Insured Obligations" means the FNANB Credit Card Master Note Trust
$[_____] Class A [Floating Rate] Asset Backed Notes, Series [______].

     "Insured Payment" means, with respect to any Distribution Date, the
aggregate amount paid by the Insurer to the Indenture Trustee in respect of (i)
Deficiency Amounts for such Distribution Date and (ii) Preference Amounts for
any given Business Day.

     "Non-Payment" means, with respect to any Distribution Date, a Deficiency
Amount which is Due For Payment but has not been paid pursuant to the Indenture.

     "Note Trust" means the FNANB Credit Card Master Note Trust created by the
Trust Agreement.

     "Notice" means a telephonic or telegraphic notice, promptly confirmed in
writing by telecopy, substantially in the form of Exhibit A attached hereto, the
original of which is subsequently delivered by registered or certified mail from
the Indenture Trustee to the Insurer specifying the Insured Amount which shall
be due and owing on the applicable Distribution Date.

     "Policy Amount" means, with respect to any Distribution Date, the sum of
(i) the outstanding principal amount of the Insured Obligations on such
Distribution Date and (ii) accrued and unpaid interest due on the Insured
Obligations at the [Class A Note Rate] on such Distribution Date.

     "Pooling Agreement" means the Amended and Restated Master Pooling and
Servicing Agreement dated as of December 31, 2001 among DC Funding
International, Inc., as transferor (the "Transferor"), First North American
National Bank, as servicer (the "Servicer"), and JPMorgan Chase Bank, as trustee
(together with any successor, the "Trustee") (the "Pooling and Servicing
Agreement"), as supplemented by the Collateral Series Supplement dated as of
[_____], 2002 (the "Series Supplement") among the Transferor, the Servicer and
the Trustee.

     "Preference Amount" means [____________].

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     "Series [_____] Termination Date" means the [_____] 20[__] Distribution
Date.

     "Transfer and Servicing Agreement" means the Transfer and Servicing
Agreement dated as of [_____________], 2002 among the Transferor, the Servicer
and the Note Trust.

     "Trust Agreement" means the Amended and Restated Trust Agreement dated as
of [______________], 2002 between the Transferor and Wilmington Trust Company, a
Delaware banking corporation, as owner trustee.

     "U.S. Dollar" means the lawful currency of the United States of America as
of the Closing Date.

     Any notice hereunder or service of process on the Insurer may be made at
the address listed below or such other address as the Insurer shall specify in
writing to the Indenture Trustee.

     The notice address of the Insurer is [____________], Attention:
[____________], telephone number [____________] and facsimile number
[____________], or such other address as the Insurer shall specify to the
Indenture Trustee in writing.

     This Policy is being issued under and pursuant to, and shall be construed
under, the laws of the State of New York, without giving effect to the conflict
of laws principles thereof.

     THE INSURANCE PROVIDED BY THIS POLICY IS NOT COVERED BY THE
PROPERTY/CASUALTY INSURANCE SECURITY FUND SPECIFIED IN ARTICLE 76 OF THE NEW
YORK INSURANCE LAW.

     This Policy is non-cancelable by the Insurer for any reason, including
failure to receive payment of any premium due hereunder or any other amounts due
under the Insurance Agreement. The premium on this Policy is not refundable for
any reason including payment of the Insured Obligations, or provision being made
for payment thereof, prior to maturity of the Insured Obligations. This Policy
does not insure against loss of any prepayment or other acceleration payment
which at any time may become due in respect of any Insured Obligation, other
than at the sole option of the Insurer, nor against any risk other than
Non-Payment, including failure of the Indenture Trustee, the Trustee or any
Paying Agent to make any payment due Holders of the Insured Amounts.

     For purposes of this Policy, the amount due on the Insured Obligations at
any time shall be deemed to have been reduced by the amount of any payment made
by or on behalf of the Note Trust to a Holder or to the Indenture Trustee, the
Trustee or any Paying Agent, which payment shall have been made in respect of
the amounts due on the Insured Obligations.

     This Policy and the obligations of the Insurer hereunder shall terminate
upon the date that is one year and one day following the earlier of (a) the
Series [_____] Termination Date, and (b) the date on which all amounts required
to be paid to the Holders under the Indenture have been paid in full; provided,
however, that, if any Insolvency Proceeding is existing by or against the
Transferor, the Servicer or the Note Trust during such one year and one day
period, then this Policy and the Insurer's obligations hereunder shall terminate
on the later of (i) the end of such one year and

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one day period and (ii) the date of the conclusion or dismissal of such
Insolvency Proceeding without continuing jurisdiction by the court or other
governmental body in such Insolvency Proceeding, provided, further, that,
notwithstanding anything herein to the contrary, this Policy shall not terminate
prior to the date on which the Insurer has made all payments required to be made
under the terms of this Policy in respect of Preference Amounts.

     This Policy sets forth in full the undertaking of the Insurer and, except
as expressly provided herein, may not be modified, altered or affected by any
other agreement or instrument, including any modification or amendment thereto,
and may not be cancelled or revoked.

     No Person other than the Indenture Trustee shall be entitled to present the
Notice.

                  [Remainder of Page Intentionally Left Blank]

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          IN WITNESS WHEREOF, the Insurer has caused this Policy to be executed
this [__] day of [_____], 2002.

                                            [___________]

    Attest:__________________________       By: ________________________________
    Title:                                  Name:
                                            Title:

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                                    EXHIBIT A

                       TO NOTE GUARANTEE INSURANCE POLICY
                                 NUMBER: [_____]

                  NOTICE UNDER NOTE GUARANTEE INSURANCE POLICY

[____________]
[____________]
[____________]
Attention: [____________]


     The undersigned individual, a duly authorized officer of JPMorgan Chase
Bank, as indenture trustee (the "Indenture Trustee"), hereby certifies to
[____________] (the "Insurer"), with reference to Note Guarantee Insurance
Policy Number: [_____] (the "Policy") issued by the Insurer in favor of the
Indenture Trustee under the Master Indenture dated as of [_____], 2002 (the
"Base Indenture"), between FNANB Credit Card Master Note Trust (the "Note
Trust") and the Indenture Trustee, as supplemented by the Indenture Supplement
dated as of [_____], 2002 (the "Indenture Supplement" and, together with the
Base Indenture, the "Indenture"), between the Note Trust and the Indenture
Trustee, that:

          (i)   The Indenture Trustee is the Indenture Trustee under the
     Indenture for the Holders and the beneficiary under the Policy;

          (ii)  [ the Deficiency Amount for the [Distribution Date occurring on
     [_______________] (including the Class A Expected Final Payment Date)] or
     [the Series [_____] Termination Date] (the "Applicable Distribution Date")
     is $[__________] (the "Deficiency Amount");]

          (iii) [RESERVED];

          (iv)  the total Insured Amount due is $[___________], which amount
     equals the sum of the Deficiency Amount and the Preference Amount;

          (v)   the Indenture Trustee has not before made a demand for the
     Insured Amount in respect of the Applicable Distribution Date;

          (vi)  the Indenture Trustee is making a claim under and pursuant to
     the terms of the Policy for the dollar amount of the Insured Amount set
     forth in (ii) above to be applied to the payment of the Deficiency Amount
     for the Applicable Distribution Date in accordance with the Indenture and
     for the dollar amount of the Insured Amount set forth in (iii) above to be
     applied to the payment of any Preference Amount;

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          (vii)  the Indenture Trustee directs that payment of the Insured
     Amount be made to the following account by bank wire transfer of federal or
     other immediately available funds in accordance with the terms of the
     Policy: [INDENTURE TRUSTEE'S ACCOUNT]; and

          (viii) the Indenture Trustee hereby agrees that, following receipt of
     any Insured Payment from the Insurer, it shall (a) hold such amount in
     trust and apply the same directly to the distribution of payment on the
     Insured Obligations when due, (b) not apply such funds for any other
     purpose, (c) deposit such funds to the Collection Account, with respect to
     interest, and the Principal Funding Account, with respect to principal, and
     not commingle such funds with other funds held by the Indenture Trustee and
     (d) maintain an accurate record of such payments with respect to the
     Insured Obligations and the corresponding claim on the Policy and proceeds
     thereof.

          (ix)   The Indenture Trustee, on behalf of the Holders, hereby assigns
     to the Insurer the rights, and confirms that the Holders have assigned all
     rights of the Holders, under the Insured Obligations to the extent of any
     payment by the Insurer under the Policy. The foregoing assignment is in
     addition to, and not in limitation of, rights of subrogation otherwise
     available to the Insurer in respect of such payments. Payments to the
     Insurer in respect of the foregoing assignment, or with respect to any
     subrogation rights, shall in all cases be subordinate and junior in right
     of payment to the prior indefeasible payment in full of all amounts due the
     Indenture Trustee on behalf of the Holders and the Holders on account of
     payments due on the Insured Obligations. The Indenture Trustee shall take
     such action and deliver such instruments prepared by the Insurer, at the
     Insurer's expense, as may be reasonably requested or required by the
     Insurer to effectuate the purpose or provisions of this clause (ix).

          Any capitalized term used in this Notice and not otherwise defined
     herein shall have the meaning assigned thereto in the Policy.

          ANY PERSON WHO KNOWINGLY AND WITH INTENT TO DEFRAUD ANY INSURANCE
COMPANY OR OTHER PERSON FILES AN APPLICATION FOR INSURANCE OR STATEMENT OF CLAIM
CONTAINING ANY MATERIALLY FALSE INFORMATION, OR CONCEALS FOR THE PURPOSE OF
MISLEADING, INFORMATION CONCERNING ANY FACT MATERIAL THERETO, COMMITS A
FRAUDULENT INSURANCE ACT, WHICH IS A CRIME, AND SHALL ALSO BE SUBJECT TO A CIVIL
PENALTY NOT TO EXCEED FIVE THOUSAND DOLLARS AND THE STATED VALUE OF THE CLAIM
FOR EACH SUCH VIOLATION.

          IN WITNESS WHEREOF, the Indenture Trustee has executed and delivered
this Notice under the Policy as of the [__] day of [_________], [_____].

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                                           JPMORGAN CHASE BANK, as Indenture
                                              Trustee

                                       By: _____________________________________
                                       Name:
                                       Title:

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