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                                                                    Exhibit 99.7

                                                                          Page 1

                     MONTHLY CERTIFICATEHOLDERS' STATEMENT

                        CC MASTER CREDIT CARD TRUST II
              (Formerly Chevy Chase Master Credit Card Trust II)
                                 SERIES 1996-C

Pursuant to the "Pooling and Servicing Agreement"), dated as of June 1, 1995,
(the "Pooling and Servicing Agreement"), among First USA Bank, National
Association, as Transferor and Servicer ("First USA"), First USA, as Transferor,
and Bankers Trust Company, as trustee (the "Trustee"). First USA as Servicer is
required to prepare certain information each month regarding current
distributions to Series 1996-C Certificateholders and the performance of the CC
Master Credit Card Trust II (the Trust") during the previous month. The
information which is required to be prepared with respect to the August 15,
2000, Distribution Date (referred to herein as the "Distribution Date"), and
with respect to the performance of the Trust during the July, 2000, Monthly
Period (referred to herein as the Monthly Period") is set forth below. Certain
of the information is presented on the basis of an original principal amount of
$1,000 per Series 1996-C Certificate (a "Certificate"). 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 Pooling and Servicing Agreement.

A)   Information Regarding Distributions to the
     Class A Certificateholders, per $1,000 original
     certificate principal amount.

     (1)  The total amount of the distribution to Class A
          Certificateholders, per $1,000 original certificate
          principal amount                                          $ 5.4505903

     (2)  The amount of the distribution set forth in paragraph
          1 above in respect of interest on the Class A
          Certificates, per $1,000 original certificate principal
          amount                                                    $ 5.4505903

     (3)  The amount of the distribution set forth in paragraph
          1 above in respect of principal of the Class A
          Certificates, per $1,000 original certificate principal
          amount                                                    $ 0.0000000
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B)   Class A Investor Charge Offs and Reimbursement of Charge Offs

     (1)  The amount of Class A Investor Charge Offs                $ 0.0000000

     (2)  The amount of Class A Investor Charge Offs set forth in
          paragraph 1 above, per $1,000 original certificate
          principal amount                                          $ 0.0000000

     (3)  The total amount reimbursed in respect of Class A
          Investor Charge Offs                                      $ 0.0000000

     (4)  The amount set forth in paragraph 3 above, per $1,000
          original certificate principal amount                     $ 0.0000000

     (5)  The amount, if any, by which the outstanding principal
          balance of the Class A Certificates exceeds the Class A
          Invested Amount after giving effect to all transactions
          on such Distribution Date                                 $ 0.0000000

C)   Information Regarding Distributions to the Class B
     Certificateholders, per $1,000 original certificate principal
     amount.

     (1)  The total amount of the distribution to Class B
          Certificatedholders, per $1,000 original certificate
          principal amount                                          $ 5.6398957

     (2)  The amount of the distribution set forth in paragraph 1
          above in respect of interest on the Class B Certificates,
          per $1,000 original cerificate principal amount           $ 5.6398957

     (3)  The amount of the distribution set forth in paragraph 1
          above in respect of principal on the Class B Certificates,
          per $1,000 original cerificate principal amount           $ 0.0000000
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                                                                          Page 3

D)   Class B Investor Charge Offs and Reimbursement of Charge Offs

     (1)  The amount of Class B Investor Charge Offs                $ 0.0000000

     (2)  The amount of Class B Investor Charge Offs set forth in
          paragraph 1 above, per $1,000 original certificate
          principal amount                                          $ 0.0000000

     (3)  The total amount reimbursed in respect of Class B
          Investor Charge Offs                                      $ 0.0000000

     (4)  The amount set forth in paragraph 3 above, per $1,000
          original certificate principal amount                     $ 0.0000000

     (5)  The amount, if any, by which the outstanding principal
          balance of the Class B Certificates exceeds the Class B
          Invested Amount after giving effect to all transactions
          on such Distribution Date                                 $ 0.0000000


                         First USA Bank, National Association,
                         as Servicer


                         By  /s/ Tracie H. Klein
                           ------------------------------------
                             Tracie H. Klein
                             First Vice President