<PAGE>

                                                                   EXHIBIT 99.12

                     MONTHLY CERTIFICATEHOLDERS' STATEMENT

                     FIRST USA BANK, NATIONAL ASSOCIATION

             -----------------------------------------------------
               FIRST USA CREDIT CARD MASTER TRUST, SERIES 1997-1
             -----------------------------------------------------

                 Monthly Period:                  5/1/00 to
                                                  5/31/00
                 Distribution Date:               6/19/00
                 Transfer Date:                   6/16/00

Under Section 5.02 of the Pooling and Servicing Agreement dated as of September
1, 1992 (the "Pooling and Servicing Agreement") by and between First USA Bank,
National Association, (the "Bank") and The Bank of New York (Delaware), as
trustee (the "Trustee") the Bank, as Servicer, is required to prepare certain
information each month regarding current distributions to Certificateholders and
the performance of the First USA Credit Card Master Trust (the "Trust") during
the previous month. The information which is required to be prepared with
respect to the Distribution Date noted above and with respect to the performance
of the Trust during the month noted above is set forth below. Certain
information is presented on the basis of an original principal amount of $1,000
per Series 1997-1 Certificate (a "Certificate"). Certain other information is
presented based on the aggregate amount for the Trust as a whole. Capitalized
terms used in this Monthly Certificateholders' Statement have their respective
meanings set forth in the Pooling and Servicing Agreement.

 A. Information Regarding the Current Monthly Distribution.
    -------------------------------------------------------

    1.    The total amount of the distribution to
          Certificateholders on the Distribution Date per
          $1,000 original certificate principal amount
                                                      Class A           $6.11417
                                                      Class B           $6.30667
                                                      CIA               $6.80167

    2.    The amount of the distribution set forth in
          paragraph 1 above in respect of interest on
          the Certificates, per $1,000 original
          certificate principal amount
                                                      Class A           $6.11417
                                                      Class B           $6.30667
                                                      CIA               $6.80167

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MONTHLY CERTIFICATEHOLDERS' STATEMENT                            Series 1997-1
Page 2

     3.   The amount of the distribution set forth in paragraph 1
          above in respect of principal on the Certificates, per
          $1,000 original certificate principal amount
                                                      Class A           $0.00000
                                                      Class B           $0.00000
                                                      CIA               $0.00000

B.   Information Regarding the Performance of the Trust.
     --------------------------------------------------

     1.   Allocation of Principal Receivables.
          -----------------------------------

          The aggregate amount of Allocations of Principal
          Receivables processed during the Monthly Period
          which were allocated in respect of the Certificates

                                                      Class A    $105,971,981.42
                                                      Class B      $9,550,686.71
                                                      CIA         $12,141,564.47
                                                                 ---------------
                                                      Total      $127,664,232.60

     2.   Allocation of Finance Charge Receivables

          (a1) The aggregate amount of Allocations of Finance
               Charge Receivables processed during the Monthly
               Period which were allocated in respect of the
               Certificates

                                                      Class A     $11,153,196.99
                                                      Class B      $1,005,177.87
                                                      CIA          $1,277,859.09
                                                                  --------------
                                                      Total       $13,436,233.95

          (b1) Principal Funding Investment Proceeds (to Class A)          $0.00
          (b2) Withdrawals from Reserve Account (to Class A)               $0.00
                                                                  --------------
               Class A Available Funds                            $11,153,196.99

          (c1) Principal Funding Investment Proceeds (to Class B)          $0.00
          (c2) Withdrawals from Reserve Account (to Class B)               $0.00
               Class B Available Funds                             $1,005,177.87

          (d1) Principal Funding Investment Proceeds (to CIA)              $0.00
          (d2) Withdrawals from Reserve Account (to CIA)                   $0.00
               CIA Available Funds                                 $1,277,859.09

          (e1) Total Principal Funding Investment Proceeds                 $0.00
          (e2) Investment Earnings on deposits to Reserve Account          $0.00
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                            Series 1997-1
Page 3

3. Principal Receivable/Investor Percentages

        (a)  The aggregate amount of Principal Receivables
             in the Trust as of the last day of the
             Monthly Period                                   $36,124,641,027.99




        (b)  Invested Amount as of the last day of the preceding
             month (Adjusted Class A Invested Amount
             during Accumulation Period)
                                               Class A           $750,000,000.00
                                               Class B            $67,770,000.00
                                               CIA                $85,845,000.00
                                                                 ---------------
                                               Total             $903,615,000.00

        (c)  The Floating Allocation Percentage: The Invested
             Amount set forth in paragraph 3(b) above as a
             percentage of the aggregate amount of Principal
             Receivables as of the Record Date set forth in
             paragraph 3(a) above
                                               Class A                    2.076%
                                               Class B                    0.188%
                                               CIA                        0.238%
                                                                          ------
                                               Total                      2.502%

        (d)  During the Amortization Period: The Invested Amount
             as of ______ (the last day of the Revolving Period)
                                               Class A                     $0.00
                                               Class B                     $0.00
                                               CIA                         $0.00
                                                                           -----
                                               Total                       $0.00

        (e)  The Fixed/Floating Allocation Percentage: The Invested
             Amount set forth in paragraph 3(d) above as a
             percentage of the aggregate amount of Principal
             Receivables set forth in paragraph 3(a) above
                                               Class A                    0.000%
                                               Class B                    0.000%
                                               CIA                        0.000%
                                                                          ------
                                               Total                      0.000%
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                        Series 1997-1
Page 4

4. Delinquent Balances.
   -------------------

   The aggregate amount of outstanding balances in the Accounts
   which were delinquent as of the end of the day on the last day of
   the Monthly Period

   (a)  35 - 64 days                                             $428,403,170.53
   (b)  65 - 94 days                                             $277,772,886.82
   (c)  95 - 124 days                                            $231,052,772.40
   (d)  125 - 154 days                                           $196,167,513.76
   (e)  155 - 184 days                                           $164,129,162.83
   (f)  185 or more days                                                   $0.00
                                                                           -----
                                               Total           $1,297,525,506.34

5. Monthly Investor Default Amount.
   -------------------------------

   (a) The aggregate amount of all defaulted Principal
       Receivables written off as uncollectible during the
       Monthly Period allocable to the Invested Amount (the
       aggregate "Investor Default Amount")

                                               Class A             $5,032,865.80
                                               Class B               $453,585.22
                                               CIA                   $576,632.28
                                                                   -------------
                                               Total               $6,063,083.30


6. Investor Charge-Offs & Reimbursements of Charge-Offs.
   ----------------------------------------------------

   (a) The aggregate amount of Class A Investor Charge-
       Offs and the reductions in the Class B Invested
       Amount and the CIA
                                               Class A                     $0.00
                                               Class B                     $0.00
                                               CIA                         $0.00
                                                                           -----
                                               Total                       $0.00

   (b) The amounts set forth in paragraph 6(a) above, per $1,000
       original certificate principal amount (which will have the
       effect of reducing, pro rata, the amount of each
       Certificateholder's investment)

                                               Class A                     $0.00
                                               Class B                     $0.00
                                               CIA                         $0.00
                                                                           -----
                                               Total                       $0.00
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                        Series 1997-1
Page 5

   (c) The aggregate amount of Class A Investor Charge-
       Offs reimbursed and the reimbursement of
       reductions in the Class B Invested Amount and the
       CIA

                                               Class A                     $0.00
                                               Class B                     $0.00
                                               CIA                         $0.00
                                                                           -----
                                               Total                       $0.00

   (d) The amounts set forth in paragraph 6(c) above, per $1,000
       interest (which will have the effect of increasing, pro
       rata, the amount of each Certificateholder's investment)

                                               Class A                     $0.00
                                               Class B                     $0.00
                                               CIA                         $0.00
                                                                           -----
                                               Total                       $0.00

7. Investor Servicing Fee

   (a) The amount of the Investor Monthly Servicing Fee
       payable by the Trust to the Servicer for the
       Monthly Period

                                               Class A               $937,500.00
                                               Class B                $84,712.50
                                               CIA                   $107,306.25
                                                                     -----------
                                               Total               $1,129,518.75


8. Reallocated Principal Collections

       The amount of Reallocated CIA
       and Class B Principal Collections applied in respect of
       Interest Shortfalls, Investor Default Amounts or Investor
       Charge-Offs for the prior month.

                                               Class B                     $0.00
                                               CIA                         $0.00
                                                                           -----
                                               Total                       $0.00

9. CIA Invested Amount

   (a) The amount of the CIA Invested Amount as of the close of
       business on the related Distribution Date after giving
       effect to withdrawals, deposits and payments to
       be made in respect of the preceding month                 $85,845,000.00
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                        Series 1997-1
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        (b) The Required CIA Invested Amount as of the
            close of business on the related Distribution Date after
            giving effect to withdrawals, deposits and payments to
            be made in respect of the preceding month             $85,845,000.00

   10.  The Pool Factor
        ---------------

           The Pool Factor (which represents the ratio of the amount
           of the Investor Interest on the last day of the Monthly
           Period, inclusive of any principal payments to be made on
           the related Distribution Date, to the amount of the
           Investor Interest as of the Closing Date). The amount of a
           Certificateholder's pro rata share of the Investor
           Participation Amount can be determined by multiplying the
           original denomination of the holder's Certificate by the
           Pool Factor

                                               Class A               1.00000000
                                               Class B               1.00000000
                                               Total                 1.00000000

   11.  The Portfolio Yield
        -------------------
           The Portfolio Yield for the related Monthly Period              9.79%

   12.  The Base Rate
        -------------
           The Base Rate for the related Monthly Period                    8.76%

C  Information Regarding the Principal Funding Acccount
   ----------------------------------------------------

     1.   Accumulation Period

     (a)  Accumulation Period commencement date                      12/01/2003

     (b)  Accumulation Period Length (months)                                 2

     (c)  Accumulation Period Factor                                       5.40

     (d)  Required Accumulation Factor Number                                 8

     (e)  Controlled Accumulation Amount                        $451,807,500.00

     (f)  Minimum Payment Rate (last 12 months)                           14.06%
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                        Series 1997-1
Page 7

     2.   Principal Funding Account
          -------------------------

          Beginning Balance                                               $0.00
            Plus: Principal Collections for related Monthly Period from
                  Principal Account                                       $0.00
            Plus: Interest on Principal Funding Account Balance for
                  related Monthly Period                                  $0.00

            Less: Withdrawals to Finance Charge Account                   $0.00
            Less: Withdrawals to Distribution Account                     $0.00
                                                                          -----
          Ending Balance                                                  $0.00

     3.   Accumulation Shortfall
          ----------------------

                The Controlled Deposit Amount for the previous
                Monthly Period                                            $0.00

          Less: The amount deposited into the Principal Funding
                Account for the Previous Monthly Period                   $0.00

                Accumulation Shortfall                                    $0.00

                                                                          -----
                Aggregate Accumulation Shortfalls                         $0.00

     4.   Principal Funding Investment Shortfall
          --------------------------------------

                Covered Amount                                            $0.00

          Less: Principal Funding Investment Proceeds                     $0.00

                                                                          -----
                Principal Funding Investment Shortfall                    $0.00
                                                                          -----

D. Information Regarding the Reserve Account
   -----------------------------------------

     1.   Required Reserve Account Analysis
          ---------------------------------

          (a)  Required Reserve Account Amount percentage               0.00000%

          (b)  Required Reserve Account Amount ($)                        $0.00
               (0.5% of Invested Amount or other amount
               designated by Transferor)

          (c)  Required Reserve Account Balance after effect of
               any transfers on the Related Transfer Date                 $0.00

          (d)  Reserve Draw Amount transferred to the Finance
               Charge Account on the Related Transfer Date                $0.00
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                        Series 1997-1
Page 8

     2.   Reserve Account Investment Proceeds
          -----------------------------------
          Reserve Account Investment Proceeds transferred to the
          Finance Charge Account on the Related Transfer Date             $0.00

     3.   Withdrawals from the Reserve Account
          ------------------------------------
          Total Withdrawals from the Reserve Account transferred
          to the Finance Charge Account on the related Transfer           $0.00
          Date (1 (d) plus 2 above)

     4.   The Portfolio Adjusted Yield
          ----------------------------
          The Portfolio Adjusted Yield for the related Monthly Period      3.35%
<PAGE>

MONTHLY CERTIFICATEHOLDER'S STATEMENT
Signature Page





                                  First USA Bank, National Association
                                  as Servicer


                                  By:  /s/ Tracie Klein
                                       ---------------------------
                                           Tracie Klein
                                           First Vice President