<PAGE>

                                                                   EXHIBIT 99.04




                        MONTHLY CERTIFICATEHOLDERS' STATEMENT

                        FIRST USA BANK, NATIONAL ASSOCIATION

                  -------------------------------------------------
                  FIRST USA CREDIT CARD MASTER TRUST, SERIES 1994-8
                  -------------------------------------------------
                    Monthly Period:                  11/1/00 to
                                                     11/30/00
                    Distribution Date:               12/15/00
                    Transfer Date:                   12/14/00

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 1994-8 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.

<TABLE>
<S>                                                                                       <C>
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 (Quarterly)                    $0.00000
                                                                 Class B (Quarterly)                    $0.00000
                                                                 CIA                                    $6.08750

     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 (Quarterly)                    $0.00000
                                                                 Class B (Quarterly)                    $0.00000
                                                                 CIA                                    $6.08750

</TABLE>
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                      Series 1994-8
Page 2
<TABLE>
<S>                                                                                       <C>

     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(Quarterly)                     $0.00000
                                                                 Class B(Quarterly)                     $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                                               $66,990,310.28
                                            Class B                                               $ 5,261,618.85
                                            CIA                                                   $ 8,452,230.36
                                                                                                  --------------
                                            Total                                                 $80,704,159.49

     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                           $7,472,243.15
                                                                 Class B                           $  586,893.76
                                                                 CIA                               $  942,779.96
                                                                                                   -------------
                                                                 Total                             $9,001,916.87

          (b1) Interest Funding Investment Proceeds (to Class A)                                   $   13,462.22
          (b2) Principal Funding Investment Proceeds (to Class A)                                  $        0.00
          (b3) Withdrawals from Reserve Account (to Class A)                                       $        0.00
                                                                                                   -------------
               Class A Available Funds                                                             $7,485,705.37

          (c1) Interest Funding Investment Proceeds (to Class B)                                   $    1,054.28
               Class B Available Funds                                                             $  587,948.04

     3.   Principal Receivable / Investor Percentages
          -------------------------------------------

          (a)  The aggregate amount of Principal Receivables in
               the Trust as of the last day of the Monthly Period                             $36,170,476,490.56

</TABLE>
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                      Series 1994-8
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<TABLE>
<S>                                                                                       <C>

          (b)  Invested Amount as of the last day of the preceding
               month (Adjusted Class A Invested Amount
               during Accumulation Period)
                                                                 Class A                         $500,000,000.00
                                                                 Class B                         $ 39,157,000.00
                                                                 CIA                             $ 63,253,000.00
                                                                                                 ---------------
                                                                 Total                           $602,410,000.00

          (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                                  1.382%
                                                                 Class B                                  0.108%
                                                                 CIA                                      0.175%
                                                                                                          ------
                                                                 Total                                    1.665%

          (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%

     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                                                                     $  528,176,436.37
          (b) 65 - 94 days                                                                     $  351,422,564.53
          (c) 95 - 124 days                                                                    $  280,991,856.22
          (d) 125 - 154 days                                                                   $  219,710,308.05
          (e) 155 - 184 days                                                                   $  182,086,687.32
          (f) 185 or more days                                                                 $            0.00
                                                                 Total                         $1,562,387,852.49

</TABLE>
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                      Series 1994-8
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<TABLE>
<S>                                                                                       <C>

     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                           $2,293,986.55
                                                                 Class B                           $  180,278.65
                                                                 CIA                               $  289,442.55
                                                                                                   -------------
                                                                 Total                             $2,763,707.75

          (b)  The amount set forth in paragaraph 5(a) above in
               respect of the Monthly Investor Default Amount, per
               original $ 1,000 interest
                                                                 Class A                                   $4.59
                                                                 Class B                                   $4.60
                                                                 CIA                                       $4.58
                                                                                                           -----
                                                                 Total                                     $4.59

     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

</TABLE>
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                      Series 1994-8
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<TABLE>
<S>                                                                                       <C>

          (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                             $625,000.00
                                                                 Class B                             $ 48,946.25
                                                                 CIA                                 $ 79,066.25
                                                                                                     -----------
                                                                 Total                               $753,012.50

           (b) The amount set forth in paragraph 7(a) above, per
               $ 1,000 interest

                                                                 Class A                             $1.25000000
                                                                 Class B                             $1.25000000
                                                                 CIA                                 $1.25000000
                                                                                                     -----------
                                                                 Total                               $1.25000000


          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

</TABLE>
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                      Series 1994-8
Page 6
<TABLE>
<S>                                                                                       <C>
          9.   Collateral Invested Amount
               (a) The amount of the Collateral 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                                      $63,253,000.00

               (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                                      $63,253,000.00

          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                                     12.46%

          12.  The Base Rate
               -------------
                   The Base Rate for the related Monthly Period                                            9.00%

C.   Information Regarding the Interest Funding Account
     --------------------------------------------------
                                                                                     Class A          Class B
                                                                                     -------          -------
     Beginning Balance                                                                    $0.00            $0.00
      Plus:Interest for Related Monthly Period from
          Finance Charge Account                                                  $2,909,375.00      $234,697.27
      Plus:Interest on Interest Funding Account Balance
         for Related Monthly Period                                               $   13,462.22      $  1,054.28
      Less:Withdrawals to Finance Charge Account                                  $   13,462.22      $  1,054.28
      Less:Withdrawals to Distribution Account                                    $       $0.00      $      0.00
         Ending Balance                                                           $2,909,375.00      $234,697.27

</TABLE>
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                              Series 1994-8
Page 7

<TABLE>
<S>                                                                                       <C>
D    Information Regarding the Principal Funding Acccount
     ----------------------------------------------------

          1.   Accumulation Period

          (a)  Accumulation Period commencement date                                                  10/01/2001

          (b)  Accumulation Period Length (months)                                                             1

          (c)  Accumulation Period Factor                                                                  40.39

          (d)  Required Accumulation Factor Number                                                             8

          (e)  Controlled Accumulation Amount                                                    $500,000,000.00

          (f)  Minimum Payment Rate (last 12 months)                                                      12.89%

          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
                                                                                                           -----
</TABLE>
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MONTHLY CERTIFICATEHOLDERS' STATEMENT                      Series1994-8
Page 8

<TABLE>
<S>                                                                                       <C>
E.   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

     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                                      3.72%
</TABLE>
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MONTHLY CERTIFICATEHOLDER'S STATEMENT
Signature Page


                         FIRST USA BANK, NATIONAL ASSOCIATION
                         As Servicer



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



Date:  December 15, 2000
       -----------------