exv4w1






Exhibit 4.1




AMERICAN EXPRESS ISSUANCE TRUST




OMNIBUS AMENDMENT TO

INDENTURE SUPPLEMENTS



          OMNIBUS AMENDMENT, dated as of March 2, 2010 (this “Amendment”), to the Supplements
(as hereinafter described) to the Amended and Restated Indenture, dated as of November 1, 2007 (as
amended and restated, the “Indenture”), between American Express Issuance Trust, a
statutory trust organized under the laws of the State of Delaware, as Issuer (the
"Issuer”), and The Bank of New York Mellon (formerly The Bank of New York), a New York
banking corporation, as Indenture Trustee (the “Indenture Trustee”) and as the initial
Securities Intermediary.




RECITALS




          WHEREAS, the Issuer and the Indenture Trustee have previously entered into (i) the Series
2005-1 Indenture Supplement, dated as of September 16, 2005, (ii) the Series 2005-2 Indenture
Supplement, dated as of September 16, 2005, (iii) the Series 2007-1 Indenture Supplement, dated as
of November 1, 2007, (iv) the Series 2007-2 Indenture Supplement, dated as of November 1, 2007, (v)
the Series 2008-1 Indenture Supplement, dated as of April 3, 2008, and (vi) the Series 2008-2
Indenture Supplement, dated as of August 7, 2008.




          WHEREAS, the indenture supplements listed in the preceding paragraph are, collectively and in
each case as amended to date, the “Supplements”.




          WHEREAS, pursuant to Section 10.01 of the Indenture, the Issuer has delivered to the Indenture
Trustee and to Wilmington Trust Company (the “Owner Trustee”) an Officer’s Certificate to
the effect that the Issuer reasonably believes that this Amendment will not have an Adverse Effect
and is not reasonably expected to have an Adverse Effect at any time in the future.




          WHEREAS, the Issuer and the Indenture Trustee have satisfied all conditions precedent
contained in the Indenture to entering into this Amendment and this Amendment is authorized and
permitted under the Indenture.




          NOW, THEREFORE, in consideration of the mutual agreements herein contained, and other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, each party
hereto agrees as follows:




ARTICLE I




DEFINITIONS



     SECTION 1.01. Defined Terms Not Defined Herein. All capitalized terms used herein
that are not defined herein shall have the meanings ascribed to them in the respective Supplements
or the Indenture, as the case may be.



 









 





ARTICLE II




AMENDMENTS TO SUPPLEMENTS



     SECTION 2.01. Amendment to Exhibits. Each Supplement shall be amended by deleting
Exhibit B-1 thereto and inserting in its place Exhibit B-1, which shall be in the form attached as
Exhibit B-1 to this Amendment.



ARTICLE III




MISCELLANEOUS



     SECTION 3.01. Ratification of Supplements. As amended by this Amendment, the
Supplements are in all respects ratified and confirmed and each Supplement, as amended by this
Amendment, shall be read, taken and construed as one and the same instrument.



     SECTION 3.02. Counterparts. This Amendment may be executed in two or more
counterparts, and by different parties on separate counterparts, each of which shall be an
original, but all of which shall constitute one and the same instrument.



     SECTION 3.03. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.



     SECTION 3.04. Effectiveness. The amendments provided for by this Amendment shall
become effective as of January 1, 2010 upon receipt by the Indenture Trustee and the Owner Trustee
of the following:




     (a) written confirmation from each Note Rating Agency to the effect that the terms of
this Amendment will not cause a Ratings Effect;




     (b) an Officer’s Certificate from the Issuer to the effect that the Issuer reasonably
believes that this Amendment will not have an Adverse Effect and is not reasonably expected
to have an Adverse Effect at any time in the future;




     (c) an Issuer Tax Opinion; and




     (d) counterparts of this Amendment, duly executed by the parties hereto.



     SECTION 3.05 Limitation of Liability. It is expressly understood and agreed by the
parties hereto that (a) this Amendment is executed and delivered by Wilmington Trust Company, not
individually or personally but solely as Owner Trustee of the Issuer, in the exercise of the powers
and authority conferred and vested in it, (b) each of the representations, undertakings and
agreements herein made on the part of the Issuer is made and intended not as a personal
representation, undertaking and agreement, as the case may be, by Wilmington Trust Company but
is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained



2









 




shall
be construed as creating any liability on Wilmington Trust Company, individually or personally, to
perform any covenant either expressed or implied contained herein, all such liability, if any,
being expressly waived by the parties hereto and by any person claiming by, through or under the
parties hereto and (d) under no circumstances shall Wilmington Trust Company be personally liable
for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or
failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer
under this Amendment or any other related documents.




[Signature page follows.]






3









 












     IN WITNESS WHEREOF, the Issuer and the Indenture Trustee have caused this Amendment to be duly
executed by their respective officers as of the day and year first above written.



	 	 	 	 	 	 	 
	 

	 	AMERICAN EXPRESS ISSUANCE TRUST,	 	 
	 

	 	as Issuer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as
Owner Trustee on behalf of the Trust
	 	 






	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Bethany J. Taylor
 	 
	 	 	Name:  	Bethany J. Taylor 	 
	 	 	Title:  	Financial Services Officer 	 
	 
	 	THE BANK OF NEW YORK MELLON,

as Indenture Trustee and Securities Intermediary

 	 
	 	By:  	/s/ Catherine L. Cerilles
 	 
	 	 	Name:  	Catherine L. Cerilles 	 
	 	 	Title:  	Vice President 	 
	 



[Omnibus Amendment to Indenture Supplements]






4









 









EXHIBIT B-1




FORM OF MONTHLY NOTEHOLDERS’ STATEMENT




AMERICAN EXPRESS ISSUANCE TRUST

SERIES 200[_]-[_]




     Pursuant to (i) the Amended and Restated Indenture, dated as of November 1, 2007 (hereinafter
as such agreement may be from time to time, amended or otherwise modified, the
“Indenture”), between American Express Issuance Trust (the “Issuer” or the
“Trust”), and The Bank of New York, as indenture trustee (the “Indenture Trustee”),
as supplemented by the Indenture Supplement, dated as of [___], 200[_] (the “Indenture
Supplement”), between the Issuer and the Indenture Trustee and (ii) the Amended and Restated
Transfer and Servicing Agreement, dated as of November 1, 2007 (hereinafter as such agreement may
be from time to time, amended or otherwise modified, the “Transfer and Servicing
Agreement”), among American Express Receivables Financing Corporation V LLC, as transferor,
American Express Travel Related Services Company, Inc., as servicer and administrator
(“TRS” or the “Servicer”), the Issuer and the Indenture Trustee, TRS as Servicer is
required to prepare certain information each month regarding current payments to the Series
200[_]-[_] Noteholders and the performance of the Trust during the previous monthly period. The
information which is required to be prepared with respect to the Payment Date of [     ], and with respect to the performance of the Trust is set forth below. Certain of the
information is presented on the basis of an Outstanding Dollar Principal Amount of $1,000 per
Series 200[_]-[_] Note (a “Note”). Certain other information is presented based on the
aggregate amounts for the Trust as a whole. Capitalized terms used in this Monthly Statement have
their respective meanings set forth in the Indenture, the Indenture Supplement and the Transfer and
Servicing Agreement.




	 	A)	 	Information regarding payments in
respect of the Class A Notes per $1,000
Outstanding Dollar Principal Amount





	 	 	 	 	 	 
	(1	)	 	The total amount of
the payment in respect of the Class A Notes
	 	$                    
	 	 	 	 	 	 
	(2	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class A Monthly Interest
	 	$                    
	 	 	 	 	 	 
	(3	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class A Monthly Interest previously
due but not distributed on a prior Payment
Date
	 	$                    
	 	 	 	 	 	 
	(4	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class A Additional Interest
	 	$                    






B-1-1









 








	 	 	 	 	 	 
	(5	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class A Additional Interest
previously due but not distributed on a prior
Payment Date
	 	$                    
	 	 	 	 	 	 
	(6	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of principal of the Class A Notes
	 	$                    







	 	B)	 	Information regarding payments in
respect of the Class B Notes, per $1,000 Outstanding
Dollar Principal Amount





	 	 	 	 	 	 
	(1	)	 	The total amount of
the payment in respect of the Class B Notes
	 	$                    
	 	 	 	 	 	 
	(2	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class B Monthly Interest
	 	$                    
	 	 	 	 	 	 
	(3	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class B Monthly Interest previously
due but not distributed on a prior Payment
Date
	 	$                    
	 	 	 	 	 	 
	(4	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class B Additional Interest
	 	$                    
	 	 	 	 	 	 
	(5	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class B Additional Interest
previously due but not distributed on a prior
Payment Date
	 	$                    
	 	 	 	 	 	 
	(6	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of principal of the Class B Notes
	 	$                    







	 	C)	 	Information regarding payments in
respect of the Class C Notes, per $1,000 Outstanding
Dollar Principal Amount





	 	 	 	 	 	 
	(1	)	 	The total amount of
the payment in respect of Class C Notes
	 	$                    
	 	 	 	 	 	 
	(2	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class C Monthly Interest
	 	$                    






B-1-2









 








	 	 	 	 	 	 
	(3	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class C Monthly Interest previously
due but not distributed on a prior Payment
Date
	 	$                    
	 	 	 	 	 	 
	(4	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class C Additional Interest
	 	$                    
	 	 	 	 	 	 
	(5	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of Class C Additional Interest
previously due but not distributed on a prior
Payment Date
	 	$                    
	 	 	 	 	 	 
	(6	)	 	The amount of the
payment set forth in paragraph (1) above in
respect of principal of the Class C Notes
	 	$                    






	 	 	 	 	 
	 	AMERICAN EXPRESS TRAVEL RELATED

SERVICES COMPANY, INC., as Servicer

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



B-1-3





 









 






FORM OF MONTHLY SERVICER STATEMENT




AMERICAN EXPRESS ISSUANCE TRUST



	 	 	 	 	 
	Monthly Period:
	 	 	[_]/[_]/[_] to
 [_]/[_]/[_]	 
	Record Date:
	 	 	[_]/[_]/[_]	 
	Payment Date:
	 	 	[_]/[_]/[_]	 






	 	 	 	 	 
	 	 	TRUST TOTALS
	
TRUST ACTIVITY



	1. Number of days in Monthly Period
	 	 	[_]	 
	2. Beginning of Monthly Period Number of Accounts
	 	 	[_]	 
	3. Beginning Principal Receivables, including any additions
or removals during the Monthly Period
	 	$	[_]	 
	3a. Addition of Principal Receivables
	 	$	[_]	 
	3b. Removal of Principal Receivables
	 	$	[_]	 
	4. Beginning Invested Amount of Collateral Certificates
	 	$	[_]	 
	5. Beginning Excess Funding Account Amount
	 	$	[_]	 
	6a. Beginning Required Pool Balance
	 	$	[_]	 
	6b. Beginning Pool Balance
	 	$	[_]	 
	7. Beginning Available Overconcentration Account Amount
	 	$	[_]	 
	8. New Principal Receivables
	 	$	[_]	 
	9. Principal Collections
	 	$	[_]	 
	10. Gross Default Amount
	 	$	[_]	 
	11. Ending Principal Receivables
	 	$	[_]	 
	12. Ending Invested Amount of Collateral Certificates
	 	$	[_]	 
	13. Ending Excess Funding Account Amount
	 	$	[_]	 
	14. Ending Pool Balance
	 	$	[_]	 
	15. Ending Required Pool Balance
	 	$	[_]	 
	16. Ending Available Overconcentration Account Amount
	 	$	[_]	 
	17. Required Overconcentration Account Amount
	 	$	[_]	 
	18. End of Monthly Period Number of Accounts
	 	 	[_]	 






B-1-4




 









 









	 	 	 	 	 
	 	 	TRUST TOTALS
	TRUST PERFORMANCE	 	 	 	 
	1. Principal Collections
	 	$	[_]	 
	2. Principal Payment Rate
	 	 	[_]	%
	3. Net Default Amount
	 	$	[_]	 
	4. Annualized Net Default Rate
	 	 	[_]	%
	5. Gross Default Amount
	 	$	[_]	 
	6. Annualized Gross Default Rate
	 	 	[_]	%
	7. Finance Charge Collections
	 	$	[_]	 
	8. Trust Portfolio Yield (Net of
Defaults)
	 	 	[_]	%
	9. Delinquencies
	 	 	 	 
	31-60 Days Delinquent
	 	$	[_]	 
	61-90 Days Delinquent
	 	$	[_]	 
	90+ Days Delinquent
	 	$	[_]	 
	Total 30+ Days Delinquent
	 	$	[_]	 
	 	 	 	 	 
	TRANSFEROR AMOUNT	 	 	 	 
	1. Beginning Pool Balance
	 	$	[_]	 
	2. Beginning Nominal Liquidation Amount
	 	$	[_]	 
	3. Beginning Transferor Amount
	 	$	[_]	 
	4. Ending Pool Balance
	 	$	[_]	 
	5. Ending Nominal Liquidation Amount (after giving effect to any
principal payments on the related Payment Date)
	 	$	[_]	 
	6. Ending Transferor Amount (after giving effect to any
principal payments on the related Payment Date)
	 	$	[_]	 
	7. Ending Required Transferor Amount
	 	$	[_]	 






B-1-5




 









 








AMERICAN EXPRESS ISSUANCE TRUST

SERIES 200[_]-[_]




	 	 	 	 	 
	SERIES 200[_]-[_] NOMINAL LIQUIDATION AMOUNT AS OF THE RELATED PAYMENT DATE	 	 	 	 
	1. Beginning Series 200[_]-[_] Nominal Liquidation Amount
	 	$	[_]	 
	2. Reimbursement of previous reductions in the Series
200[_]-[_] Nominal Liquidation Amount
	 	$	[_]	 
	3. Investor Charge-Offs
	 	$	[_]	 
	4. Reallocated Principal Collections
	 	$	[_]	 
	5. Principal Funding Account Deposit/(Withdrawal)
	 	$	[_]	 
	6. Payments of principal of the Series 200[_]-[_] Notes
	 	$	[_]	 
	7. Ending Series 200[_]-[_] Nominal Liquidation Amount
	 	$	[_]	 






	 	 	 	 	 	 	 	 	 
	REALLOCATION GROUP [_] ALLOCATIONS	 	Trust Totals	 	Group Totals
	1. Nominal Liquidation Amount
	 	 	 	 	 	$	[_]	 
	2. Finance Charge Collections
	 	$	[_]	 	 	$	[_]	 
	3. Interest
	 	 	 	 	 	$	[_]	 
	4. Net Default Amount
	 	 	 	 	 	$	[_]	 
	5. Servicing Fee paid to the servicer
	 	 	 	 	 	$	[_]	 
	6. Additional Amounts
	 	 	 	 	 	$	[_]	 






	 	 	 	 	 
	SERIES 200[_]-[_] ALLOCATIONS	 	 	 	 
	1. Reallocation Group
	 	 	[_]	 
	2. Shared Excess Available Finance Charge Collections Group
	 	 	[_]	 
	3. Shared Excess Available Principal Collections Group
	 	 	[_]	 
	4. Opening Principal Funding Account Balance
	 	$	[_]	 
	5. Series 200[_]-[_] Floating Allocation Percentage
	 	 	[_]	%
	6. Series 200[_]-[_] Finance Charge Collections
	 	$	[_]	 
	7. Series 200[_]-[_] Reallocation Group [_] Finance Charge
Collections
	 	$	[_]	 
	8. Net Investment Proceeds from Principal Funding Account
	 	$	[_]	 
	9. Amounts withdrawn from the Accumulation Reserve Account
	 	$	[_]	 






B-1-1









 






	 	 	 	 	 
	SERIES 200[_]-[_] ALLOCATIONS	 	 	 	 
	10. Series 200[_]-[_] Available Finance Charge Collections
	 	$	[_]	 
	11. Series 200[_]-[_] Allocation of Shared Excess Available Finance
Charge Collections
	 	$	[_]	 
	12. Series 200[_]-[_] LIBOR Determination Date
	 	 	[_]	 
	13. Series 200[_]-[_] Monthly Interest ([Date] to [Date])
	 	$	[_]	 
	14. Series 200[_]-[_] Servicing Fee paid to the servicer
	 	$	[_]	 
	15. Series 200[_]-[_] Default Amount
	 	$	[_]	 
	16. Series 200[_]-[_] Principal Allocation Percentage
	 	 	[_]	%
	17. Series 200[_]-[_] Allocation of Principal Collections
	 	$	[_]	 
	18. Series 200[_]-[_] Allocation of Shared Excess Available
Principal Charge Collections
	 	$	[_]	 
	19. Series 200[_]-[_] Allocation of amounts withdrawn from the
Overconcentration Account
	 	$	[_]	 






	 	 	 	 	 
	APPLICATION OF SERIES 200[_]-[_] AVAILABLE FINANCE CHARGE COLLECTIONS	 	 	 	 
	1. Series 200[_]-[_] Available Finance Charge Collections
	 	$	[_]	 
	2. Class A Notes ($[_])
	 	 	 	 
	a. Class A Monthly Interest (Note Interest Rate: [_]%)
	 	$	[_]	 
	b. Class A Outstanding Monthly Interest
	 	$	[_]	 
	c. Class A Additional Interest
	 	$	[_]	 
	d. Class A Outstanding Additional Interest
	 	$	[_]	 
	3. Class B Notes ($[_])
	 	 	 	 
	a. Class B Monthly Interest (Note Interest Rate: [_]%)
	 	$	[_]	 
	b. Class B Outstanding Monthly Interest
	 	$	[_]	 
	c. Class B Additional Interest
	 	$	[_]	 
	d. Class B Outstanding Additional Interest
	 	$	[_]	 
	4. Class C Notes ($[_])
	 	 	 	 
	a. Class C Monthly Interest (Note Interest Rate: [_]%)
	 	$	[_]	 
	b. Class C Outstanding Monthly Interest
	 	$	[_]	 
	c. Class C Additional Interest
	 	$	[_]	 
	d. Class C Outstanding Additional Interest
	 	$	[_]	 
	5. Series 200[_]-[_] Servicing Fee paid to servicer
	 	$	[_]	 






B-1-2









 







	 	 	 	 	 
	APPLICATION OF SERIES 200[_]-[_] AVAILABLE FINANCE CHARGE COLLECTIONS	 	 	 	 
	6. Amount equal to Series 200[_]-[_] Default Amount treated as
Series 200[_]-[_] Available Principal Collections
	 	$	[_]	 
	7. Amount equal to unreimbursed reductions in the Series
200[_]-[_] Nominal Liquidation Amount treated as Series
200[_]-[_] Available Principal Collections
	 	$	[_]	 
	8. Deposited to the Accumulation Reserve Account
	 	$	[_]	 
	9. Deposited to the Class C Reserve Account
	 	$	[_]	 
	10. In the event of default and acceleration, amount up to the
outstanding dollar principal amount of the Series 200[_]-[_]
notes treated as Series 200[_]-[_] Available Principal
Collections
	 	$	[_]	 
	11. Remaining amount treated as Shared Excess Available Finance
Charge Collections available for allocation to other series in
Shared Excess Available Finance Charge Collections Group [_]
	 	$	[_]	 
	12. Remaining
amount paid to the holder of the Transferor Interest
	 	$	[_]	 






	 	 	 	 	 	 	 	 	 
	APPLICATION OF SHARED EXCESS AVAILABLE FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 200[_]-[_]	 	 	 	 	 	 	 	 
	1. Shared Excess Available Finance Charge Collections
	 	$	[_]	 	 	 	 	 
	2. Applied to fund Class A Monthly Interest and Class A
Additional Interest and any past due Class A Monthly Interest
and Class A Additional Interest
	 	$	[_]	 	 	 	 	 
	3. Applied to fund Class B Monthly Interest and Class B
Additional Interest and any past due Class B Monthly Interest
and Class B Additional Interest
	 	$	[_]	 	 	 	 	 
	4. Applied to fund Class C Monthly Interest and Class C
Additional Interest and any past due Class C Monthly Interest
and Class C Additional Interest
	 	$	[_]	 	 	 	 	 
	5. Applied to unpaid Series 200[_]-[_] Servicing Fee
	 	$	[_]	 	 	 	 	 
	6. Amount equal to Series 200[_]-[_] Default Amount treated as
Series 200[_]-[_] Available Principal Collections
	 	$	[_]	 	 	 	 	 
	7. Amount equal to unreimbursed reductions in the Series
200[_]-[_] Nominal Liquidation Amount treated as Series
200[_]-[_] Available Principal Collections
	 	$	[_]	 	 	 	 	 
	8. Deposited to the Accumulation Reserve Account
	 	$	[_]	 	 	 	 	 
	9. Deposited to the Class C Reserve Account
	 	$	[_]	 	 	 	 	 
	10. In the event of default and acceleration, amount up to the
outstanding dollar principal amount of the Series 200[_]-[_]
Notes treated as Series 200[_]-[_] Available Principal
Collections
	 	$	[_]	 	 	 	 	 






B-1-3









 







	 	 	 	 	 
	APPLICATION OF SHARED EXCESS AVAILABLE FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 200[_]-[_]	 	 	 	 
	11. Remaining amount treated as Shared Excess Available Finance
Charge Collections available to cover Series Available Finance
Charge Collections Shortfalls
	 	$	[_]	 
	12. Remaining amount paid to the holder of the Transferor
Interest
	 	$	[_]	 
	 	 	 	 	 
	PRINCIPAL COLLECTIONS	 	 	 	 
	1. Series 200[_]-[_] Principal Allocation Percentage
	 	 	[_]	%
	2. Series 200[_]-[_] Principal Collections
	 	$	[_]	 
	3. Reallocated Principal Collections required to pay
shortfalls in interest on the Class A Notes or the Class B
Notes or shortfalls in the Series 200[_]-[_] Servicing Fee and
past due amounts thereon
	 	$	[_]	 
	4. Item 2 minus Item 3
	 	$	[_]	 
	5. Other amounts treated as Series 200[_]-[_] Available
Principal Collections
	 	$	[_]	 
	6. Series 200[_]-[_] Available Principal Collections
(total of items 4 and 5)
	 	$	[_]	 
	 	 	 	 	 
	APPLICATION OF AVAILABLE PRINCIPAL COLLECTIONS DURING REVOLVING PERIOD	 	 	 	 
	1. Treated as Shared Excess Available Principal
Collections
	 	$	[_]	 
	 	 	 	 	 
	APPLICATION OF PRINCIPAL COLLECTIONS DURING CONTROLLED ACCUMULATION PERIOD	 	 	 	 
	1. Principal Funding Account
	 	[NA]
	2. Treated as Shared Excess Available Principal
Collections
	 	[NA]
	 	 	 	 	 
	APPLICATION OF PRINCIPAL COLLECTIONS DURING EARLY AMORTIZATION PERIOD	 	 	 	 
	1. Class A Noteholders
	 	[NA]
	2. Class B Noteholders
	 	[NA]
	3. Class C Noteholders
	 	[NA]






B-1-4









 







	 	 	 	 	 
	APPLICATION OF PRINCIPAL COLLECTIONS DURING EARLY AMORTIZATION PERIOD	 	 	 	 
	4. Treated as Shared Excess Available Principal
Collections
	 	 	[NA]	 
	 	 	 	 	 
	APPLICATION OF SHARED EXCESS AVAILABLE PRINCIPAL COLLECTIONS ALLOCATED TO SERIES 200[_]-[_]	 	 	 	 
	1. Series 200[_]-[_] Available Principal Collections
Shortfall
	 	$	[_]	 
	2. Shared Excess Available Principal Collections
	 	$	[_]	 
	3. During the Controlled Accumulation Period:
	 	 	 	 
	3a. Amount deposited in the Principal Funding Account
	 	$	[_]	 
	4. During the Early Amortization Period:
	 	 	 	 
	4a. Paid to the Class A Noteholders
	 	$	[_]	 
	4b. Paid to the Class B Noteholders
	 	$	[_]	 
	4c. Paid to the Class C Noteholders
	 	$	[_]	 
	 	 	 	 	 
	SERIES 200[_]-[_] PRINCIPAL FUNDING, ACCUMULATION, CLASS C RESERVE ACCOUNT	 	 	 	 
	1. Principal Funding Account
	 	 	 	 
	Opening Balance
	 	$	[_]	 
	Additions
	 	$	[_]	 
	Withdrawals
	 	$	[_]	 
	Ending Balance
	 	$	[_]	 
	2. Investment Proceeds on Principal Funding Account
	 	$	[_]	 
	3. Accumulation Reserve Account Amount
	 	 	 	 
	Opening Balance
	 	$	[_]	 
	Additions
	 	$	[_]	 
	Withdrawals
	 	$	[_]	 
	Ending Balance
	 	$	[_]	 
	4.
Investment Proceeds on Accumulation Reserve Account
	 	$	[_]	 
	5. Accumulation Reserve Account target amount
	 	$	[_]	 
	6. Class C Reserve Account Amount
	 	 	 	 
	Opening Balance
	 	$	[_]	 
	Additions
	 	$	[_]	 
	Withdrawals
	 	$	[_]	 






B-1-5









 








	 	 	 	 	 
	SERIES 200[_]-[_] PRINCIPAL FUNDING, ACCUMULATION, CLASS C RESERVE ACCOUNT	 	 	 	 
	Ending Balance
	 	$	[_]	 
	7. Investment Proceeds on Class C Reserve Account
	 	$	[_]	 
	8. Required Class C Reserve Account amount
	 	$	[_]	 
	 	 	 	 	 
	PORTFOLIO PERFORMANCE DATA	 	 	 	 
	1. Series 200[_]-[_] Portfolio Yield
	 	 	 	 
	Current Monthly Period
	 	 	[_]	%
	Prior Monthly Period
	 	 	[_]	%
	Second Prior Monthly Period
	 	 	[_]	%
	2. Series 200[_]-[_] Quarterly Portfolio Yield
	 	 	[_]	%
	3. Series 200[_]-[_] Base Rate
	 	 	 	 
	Current Monthly Period
	 	 	[_]	%
	Prior Monthly Period
	 	 	[_]	%
	Second Prior Monthly Period
	 	 	[_]	%
	4. Series 200[_]-[_] Quarterly Base Rate
	 	 	[_]	%
	5. Series 200[_]-[_] Excess Spread Percentage
	 	 	 	 
	Current Monthly Period
	 	 	[_]	%
	Prior Monthly Period
	 	 	[_]	%
	Second Prior Monthly Period
	 	 	[_]	%
	6. Series 200[_]-[_] Quarterly Excess Spread Percentage
	 	 	[_]	%
	Is the Quarterly Excess Spread Percentage greater than the
Required Excess Spread Percentage?
	 	 	[YES]	 
	7. Principal Payment Rate
	 	 	 	 
	Current Monthly Period
	 	 	[_]	%
	Prior Monthly Period
	 	 	[_]	%
	Second Prior Monthly Period
	 	 	[_]	%
	8. Quarterly Principal Payment Rate
	 	 	[_]	%
	Is the Quarterly Principal Payment Rate greater than 60%?
	 	 	[YES]	 






	 	 	 	 	 
	 	AMERICAN EXPRESS TRAVEL RELATED SERVICES
 COMPANY,
INC., as Servicer
 	 
	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



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