EXHIBIT 99.1



                          ANNUAL SERVICER'S CERTIFICATE


                       FIRST NORTH AMERICAN NATIONAL BANK

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                         FNANB CREDIT CARD MASTER TRUST
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         The  undersigned,  a duly  authorized  representative  of  First  North
American National Bank ("FNANB"), as Servicer (the "Servicer"),  pursuant to the
Master  Pooling and Servicing  Agreement,  dated as of October 30,  1997(as such
agreement may have been, or may from time to time be,  amended,  supplemented or
otherwise modified,  the "Pooling and Servicing  Agreement"),  between FNANB, as
Transferor  and as  Servicer,  and First Union  National  Bank,  as Trustee (the
"Trustee"), does hereby certify that:

         1.       Capitalized  terms  used in this  Officer's  Certificate  have
                  their  respective  meanings  set  forth  in  the  Pooling  and
                  Servicing Agreement.

         2.       FNANB is as of the date hereof the Servicer  under the Pooling
                  and Servicing Agreement.

         3.       The undersigned is duly  authorized  pursuant to the Servicing
                  Agreement to execute and deliver this Officer's Certificate to
                  the Trustee.

         4.       This  certificate is delivered  pursuant to Section 3.5 of the
                  Pooling and Servicing Agreement.

         5.       A review of the  activities of the Servicer  during the Fiscal
                  Year ended February 28, 2001 and of its performance  under the
                  Pooling and Servicing Agreement was made under my supervision.

         6.       Based  on  such  review,  to the  best  of  the  undersigned's
                  knowledge,   the   Servicer  has  fully   performed   all  its
                  obligations   under  the  Pooling  and   Servicing   Agreement
                  throughout  the Fiscal  Year ended  February  28,  2001,and no
                  event  which,  with the giving of notice or passage of time or
                  both,  would  constitute a Servicer Default has occurred or is
                  continuing except as set forth in paragraph 7 below.

         7.       The following is a description of each Servicer  Default under
                  the provisions of the Pooling and Servicing Agreement known to
                  the  undersigned to have occurred during the Fiscal Year ended
                  February 28,  2001,  which sets forth in detail the (i) nature
                  of each such  Servicer  Default,  (ii) the action taken by the
                  Servicer,  if any,  to remedy each such  Servicer  Default and
                  (iii) the current  status of each such Servicer  Default:  Not
                  Applicable.




     IN WITNESS WHEREOF,  the undersigned,  a duly authorized Servicing Officer,
has duly executed this certificate as of this 23 day of May, 2001.


                                           /s/ Michael T. Chalifoux
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                                           Name:    Michael T. Chalifoux
                                           Title:   Chairman of the Board
                                                    and President