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                                                                    Exhibit 99.2


               [Letterhead of Arthur Andersen LLP Appears Here]



Report of Independent Public Accountants


First USA Bank, National Association:

We have examined the accompanying management's assertion about First USA Bank,
National Association's (the "Servicer"), compliance with the covenants and
conditions of Sections 3.02, 3.04, 3.09, 4.02, 4.03, 4.04, 4.05 and 8.08 of the
Banc One Credit Card Master Trust Pooling and Servicing Agreement dated as of
November 1, 1994 (the "Agreement") and the Supplements thereto for Series 1995-
A, Series 1995-B, Series 1996-A, Series 1997-1 and Series 1997-2 (the
"Supplements"), as amended, between the Servicer and the Bankers Trust Company
(as Trustee for the various Certficateholders and Enhancement Providers of Banc
One Credit Card Master Trust) (together, the "Agreements"), for the twelve
months ended December 31, 2000. Management is responsible for the Servicer's
compliance with the Agreements. Our responsibility is to express an opinion on
management's assertion about the Servicer's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Servicer's compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. We believe that our examination provides a reasonable basis
for our opinion.

As discussed in management's assertion, management, in providing its assertion
on compliance, assumed the accuracy of the reports prepared by the Servicer's
third party credit card processor and did not extend its assessment to the
relevant aspects of the Servicer's compliance that are the responsibility of the
third party credit card processor. Accordingly, our examination did not extend
to these aspects of the Servicer's compliance that are the responsibility of the
third party credit card processor, and we do not express an opinion or any other
form of assurance on these compliance aspects.

In our opinion, management's assertion that the Servicer complied with the
covenants and conditions of the sections of the Agreements referred to in the
first paragraph during the twelve months ended December 31, 2000, is fairly
stated, in all material respects.


                                             /s/ Arthur Andersen LLP

Chicago, Illinois
March 9, 2001
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               ASSERTION BY FIRST USA BANK, NATIONAL ASSOCIATION



The management of First USA Bank, National Association (the "Servicer") is
responsible for complying with the covenants and conditions of Sections 3.02,
3.04, 3.09, 4.02, 4.03, 4.04, 4.05 and 8.08 of the Banc One Credit Card Master
Trust Pooling and Servicing Agreement dated as of November 1, 1994 (the
"Agreement") and the Supplements thereto for Series 1995-A, Series 1995-B,
Series 1996-A, Series 1997-1 and Series 1997-2 (the "Supplements"), as amended,
between the Servicer and the Bankers Trust Company (as Trustee for the various
Certficateholders and Enhancement Providers of Banc One Credit Card Master
Trust) (together, the "Agreements").

Management has performed an evaluation of the Servicer's compliance with the
Agreements and based on this evaluation management believes that the Servicer
has complied with the covenants and conditions of the sections of the Agreements
referred to above during the twelve months ended December 31, 2000.

In providing this assertion on compliance, we have assumed the accuracy of the
reports prepared by the Servicer's third party credit card processor and did not
extend our assessment to the relevant aspects of the Servicer's compliance that
are the responsibility of the third party credit card processor.  Accordingly,
our assessment does not extend to these aspects of the Servicer's compliance
that are the responsibility of the third party credit card processor, and we do
not express any form of assurance on these compliance aspects.



/s/Michael Looney                                   /s/Tracie H. Klein
--------------------------                          ------------------------
Michael Looney                                      Tracie H. Klein
Executive Vice President - Operations               First Vice President



/s/Jeffrey Rigg
--------------------------
Jeffrey Rigg
Senior Vice President - Accounting