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                                                                   EXHIBIT 99.8

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


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<S>                                                                                                 <C>

RECEIVABLES

Beginning of the Month Principal Receivables:                                                       $              2,683,054,722.71
Beginning of the Month Finance Charge Receivables:                                                  $                124,500,103.29
Beginning of the Month Discounted Receivables:                                                      $                          0.00
Beginning of the Month Total Receivables:                                                           $              2,807,554,826.00


Removed Principal Receivables:                                                                      $                          0.00
Removed Finance Charge Receivables:                                                                 $                          0.00
Removed Total Receivables:                                                                          $                          0.00


Additional Principal Receivables:                                                                   $                          0.00
Additional Finance Charge Receivables:                                                              $                          0.00
Additional Total Receivables:                                                                       $                          0.00


Discounted Receivables Generated this Period:                                                       $                          0.00


End of the Month Principal Receivables:                                                             $              2,662,186,134.57
End of the Month Finance Charge Receivables:                                                        $                123,715,555.73
End of the Month Discounted Receivables:                                                            $                          0.00
End of the Month Total Receivables:                                                                 $              2,785,901,690.30


Special Funding Account Balance                                                                     $                          0.00
Aggregate Invested Amount (all Master Trust II Series)                                              $              2,300,000,000.00
End of the Month Transferor Amount                                                                  $                362,186,134.57
End of the Month Transferor Percentage                                                                                        13.60%


DELINQUENCIES AND LOSSES

End of the Month Delinquencies:
                                                                                                                RECEIVABLES

      30-59 Days Delinquent                                                                         $                 55,149,355.38
      60-89 Days Delinquent                                                                         $                 39,159,436.30
      90+ Days Delinquent                                                                           $                 74,731,729.27

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<S>                                                                                                 <C>
      Total 30+ Days Delinquent                                                                     $                169,040,520.95
      Delinquent Percentage                                                                                                    6.07%

Defaulted Accounts During the Month                                                                 $                 18,625,986.71
Annualized Default Percentage                                                                                                  8.33%

Principal Collections                                                                                                357,098,184.12
Principal Payment Rate                                                                                                        13.31%

Total Payment Rate                                                                                                            14.27%


INVESTED AMOUNTS

      Class A Initial Invested Amount                                                               $                184,500,000.00
      Class B Initial Invested Amount                                                               $                 19,125,000.00
      Class C Initial Invested Amount                                                               $                 21,375,000.00

INITIAL INVESTED AMOUNT                                                                             $                225,000,000.00

      Class A Invested Amount                                                                       $                246,000,000.00
      Class B Invested Amount                                                                       $                 25,500,000.00
      Class C Invested Amount                                                                       $                 28,500,000.00

INVESTED AMOUNT                                                                                     $                300,000,000.00

      Class A Adjusted Invested Amount                                                              $                246,000,000.00
      Class B Adjusted Invested Amount                                                              $                 25,500,000.00
      Class C Adjusted Invested Amount                                                              $                 28,500,000.00

ADJUSTED INVESTED AMOUNT                                                                            $                300,000,000.00

PREFUNDED AMOUNT                                                                                    $                          0.00

FLOATING ALLOCATION PERCENTAGE                                                                                                11.18%
PRINCIPAL ALLOCATION PERCENTAGE                                                                                               11.18%

      Class A Principal Allocation Percentage                                                                                 82.00%
      Class B Principal Allocation Percentage                                                                                  8.50%
      Class C Principal Allocation Percentage                                                                                  9.50%

COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1996-C                                                                                            39,928,219.28

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<S>                                                                                                 <C>

COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD
ALLOCATED TO SERIES 1996-C                                                                                             4,880,370.32

MONTHLY SERVICING FEE                                                                                $                   375,000.00

INVESTOR DEFAULT AMOUNT                                                                              $                 2,082,627.45


CLASS A AVAILABLE FUNDS--


CLASS A FLOATING ALLOCATION PERCENTAGE                                                                                        82.00%

      Class A Finance Charge Collections                                                            $                  4,309,403.69
      Other Amounts                                                                                 $                          0.00

TOTAL CLASS A AVAILABLE FUNDS                                                                       $                  4,309,403.69


      Class A Monthly Interest                                                                      $                  1,485,020.00
      Class A Servicing Fee                                                                         $                    307,500.00
      Class A Investor Default Amount                                                               $                  1,707,754.51

TOTAL CLASS A EXCESS SPREAD                                                                         $                    809,129.18

CLASS A REQUIRED AMOUNT                                                                             $                          0.00


CLASS B AVAILABLE FUNDS


CLASS B FLOATING ALLOCATION PERCENTAGE                                                                                         8.50%

      Class B Finance Charge Collections                                                            $                    446,706.45
      Other Amounts                                                                                 $                          0.00

TOTAL CLASS B AVAILABLE FUNDS                                                                       $                    446,706.45

      Class B Monthly Interest                                                                      $                    159,261.67
      Class B Servicing Fee                                                                         $                     31,875.00

TOTAL CLASS B EXCESS SPREAD                                                                         $                    255,569.78
CLASS B INVESTOR DEFAULT AMOUNT                                                                                          177,023.33
CLASS B REQUIRED AMOUNT                                                                                                  177,023.33

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<S>                                                                                                 <C>

CLASS C FLOATING ALLOCATION PERCENTAGE                                                                                         9.50%

CLASS C MONTHLY SERVICING FEE                                                                                             35,625.00

EXCESS SPREAD --


TOTAL EXCESS SPREAD                                                                                 $                  1,528,334.14


      Excess Spread Applied to Class A Required Amount                                              $                          0.00

      Excess Spread Applied to Class A Investor
      Charge Offs                                                                                   $                          0.00

      Excess Spread Applied to Class B
      Required Amount                                                                               $                    177,023.33

      Excess Spread Applied to Reductions of                                                        $                          0.00
      Class B Invested Amount

      Excess Spread Applied to Class C Required Amount                                              $                    390,414.61

      Excess Spread Applied to Reductions of
      Class C Invested Amount                                                                       $                          0.00

      Excess Spread Applied to Monthly Cash                                                         $                     62,500.00
      Collateral Fee

      Excess Spread Applied to Cash Collateral                                                      $                          0.00
      Account

      Excess Spread Applied to Spread Account                                                       $                    898,396.20

      Excess Spread Applied to Reserve Account                                                      $                          0.00

      Excess Spread Applied to other amounts owed to                                                $                          0.00
      Cash Collateral Depositor

      Excess Spread Applied to other amounts owed to
      Spread Account Residual Interest Holders                                                      $                          0.00

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I                                                                                         $                          0.00

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EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --

TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I                                                                                   $                          0.00


SERIES 1996-C EXCESS FINANCE CHARGE COLLECTIONS --

EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO                                                      $                          0.00
SERIES 1996-C

      Excess Finance Charge Collections Applied to
      Class A Required Amount                                                                       $                          0.00

      Excess Finance Charge Collections Applied to
      Class A Investor Charge Offs                                                                  $                          0.00

      Excess Finance Charge Collections Applied to
      Class B Required Amount                                                                       $                          0.00

      Excess Finance Charge Collections Applied to
      Reductions of Class B Invested Amount                                                         $                          0.00

      Excess Finance Charge Collections Applied to
      Class C Required Amount                                                                       $                          0.00

      Excess Finance Charge Collections Applied to
      Reductions of Class C Invested Amount                                                         $                          0.00

      Excess Finance Charge Collections Applied to
      Monthly Cash Collateral Fee                                                                   $                          0.00

      Excess Finance Charge Collections Applied to
      other amounts owed Cash Collateral Depositor                                                  $                          0.00

      Excess Finance Charge Collections Applied to
      other amounts owed to Spread Account Residual Interest
      Holders                                                                                       $                          0.00

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<S>                                                                                                 <C>

YIELD AND BASE RATE --

      Base Rate (Current Month)                                                                                                8.89%
      Base Rate (Prior Month)                                                                                                  8.76%
      Base Rate (Two Months Ago)                                                                                               8.37%

THREE MONTH AVERAGE BASE RATE                                                                                                  8.67%

      Portfolio Yield (Current Month)                                                                                         12.69%
      Portfolio Yield (Prior Month)                                                                                            9.65%
      Portfolio Yield (Two Months Ago)                                                                                        11.87%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                                           11.40%


PRINCIPAL COLLECTIONS --

TOTAL PRINCIPAL COLLECTIONS                                                                         $                 39,928,219.28

INVESTOR DEFAULT AMOUNT                                                                             $                  2,082,627.45

REALLOCATED PRINCIPAL COLLECTIONS

                             Allocable to Class C Interests                                         $                          0.00

                             Allocable to Class B Certificates                                      $                          0.00

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                                                   $                          0.00
SERIES

CLASS A SCHEDULED ACCUMULATION --

      Controlled Accumulation Amount                                                                $                          0.00
      Deficit Controlled Accumulation Amount                                                        $                          0.00

CONTROLLED DEPOSIT AMOUNT                                                                           $                          0.00

CLASS B SCHEDULED ACCUMULATION --

      Controlled Accumulation Amount                                                                $                          0.00
      Deficit Controlled Accumulation Amount                                                        $                          0.00

CONTROLLED DEPOSIT AMOUNT                                                                           $                          0.00

EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL                                                 $                 42,010,846.73
SHARING

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INVESTOR CHARGE OFFS --


CLASS A INVESTOR CHARGE OFFS                                                                        $                          0.00

CLASS B INVESTOR CHARGE OFFS                                                                        $                          0.00

CLASS C INVESTOR CHARGE OFFS                                                                        $                          0.00


PREVIOUS CLASS A CHARGE OFFS REIMBURSED                                                             $                          0.00
PREVIOUS CLASS B REDUCTIONS REIMBURSED                                                              $                          0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED                                                              $                          0.00

CASH COLLATERAL ACCOUNT --


      Required Cash Collateral Amount                                                               $                  9,000,000.00
      Available Cash Collateral Amount                                                              $                  9,000,000.00


TOTAL DRAW AMOUNT                                                                                   $                          0.00
CASH COLLATERAL ACCOUNT SURPLUS                                                                     $                          0.00

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                                       First USA Bank, National Association
                                       as Servicer


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