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                                                                   10.(ii)(B)(1)
                                                                                
                                        
                      MONOGRAM CREDIT CARD BANK OF GEORGIA
                                        
                                 March 27, 1998


Mr. John Workman
Montgomery Ward & Co., Inc.
619 West Chicago Avenue
Chicago, Illinois  60610


                    Re:  Amendment to Bank Program Agreement
                    ----------------------------------------

Dear John:

     This letter confirms the following amendments to that certain Bank Credit
Card Program Agreement, dated as of April 1, 1996 (the "Bank Program
Agreement"), by and between Montgomery Ward & Co., Incorporated ("MW") and
Monogram Credit Card Bank of Georgia ("Monogram"). For purposes of this letter,
capitalized terms not otherwise defined herein shall have the meaning assigned
to such terms in the Bank Program Agreement.

Definitions
-----------

     1. The following definition is added to Section 1 of the Bank Program
Agreement after the definition of "Subsidiary":

          "Supplementary Store Closing-Related Account" shall mean an Account,
the primary Cardholder in respect of which:

               (a)  (i) is associated with a retail Store location or locations
                    operated by MW or an Authorized Affiliate being closed or
                    sold on a Store Closing Date, (ii) does not live within
                    thirty (30) miles of the zip code area of a retail Store
                    location or locations operated by MW or an Authorized
                    Affiliate not being closed or sold on a Store Closing Date
                    and (iii) has not made a purchase at a retail Store location
                    other than at a closed Store during a consecutive 12-month
                    period during the period commencing twelve months prior to
                    the Store Closing Date and ending twelve months after the
                    Store Closing Date;
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               (b)  (i) is associated with a retail Store location or locations
                    operated by MW or an Authorized Affiliated being closed or
                    sold on a Store Closing Date, (ii) lives within thirty (30)
                    miles of the zip code area of a retail Store location or
                    locations operated by MW or an Authorized Affiliate not
                    being closed or sold on a Store Closing Date and (iii) does
                    not make a purchase at a retail Store location not being
                    closed or sold on the Store Closing Date during the 12-month
                    period following the announcement of the Store Closing; or

               (c)  in the event that the relevant Store Closing does not
                    involve the closing of a retail Store location, has not made
                    a purchase on his or her Account at a Store other than the
                    Store(s) that are closing or being sold as part of the Store
                    Closing in question within the immediately preceding 12-
                    month period.

Store Closing
-------------

     2.   The following are added as new subsections (iii) and (iv) of Section
          5.14 (4):

          (iii) Monogram and/or an Affiliate of Monogram (at their option
          exercised in their sole discretion) at any time that Monogram owns
          Supplementary Store Closing-Related Accounts in connection with such
          Store Closing may (a) issue (or authorize a Person to issue) to some
          or all Cardholders obligated in respect thereof a replacement or
          substitute widely accepted general purpose credit card, whether or not
          co-branded, and market (or authorize the issuer to market) goods and
          services to the holders of such replacement or substitute cards, (b)
          sell such Supplementary Store Closing-Related Accounts (or the related
          portion of the Customer List) to any Person, provided such person may
          issue new cards only in accordance with (a) above, and/or (c) cease to
          authorize purchases on and close such Accounts. All Store Closings
          that have occurred or may occur after July 7, 1997, shall be
          considered Store Closings to which this paragraph applies. In the
          event that any Store Closing(s) occur hereafter, at least ninety (90)
          days prior to any Store Closing Date, MW shall deliver to Monogram a
          written notice identifying the Store location or locations that will
          be closed or sold on such Store Closing Date. Except as provided
          above, MW shall continue to have the right to market goods and
          services sold by MW to such Customer List as such list existed upon
          the date of such Store closings.

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     (iv) MW shall cause Signature to cease marketing to all Supplementary Store
          Closing-Related Accounts on and after the date such Accounts first
          constitute Supplementary Store Closing-Related Accounts. Monogram
          shall continue to authorize purchases of items sold by Signature to
          the extent then being billed on a continuing or renewal basis as long
          as Monogram owns such Accounts and the Cardholders obligated in
          respect thereof are in good standing with respect to payments owed on
          their Accounts, except that Monogram at any time may cease such
          authorizations upon ninety (90) days' notice to Signature and MW in
          the event that Monogram in good faith determines that continuing such
          authorizations no longer is economically appropriate for Monogram.

     If the foregoing evidences your understanding of the amendments agreed to
by the parties, please acknowledge the same by signing below.

                                     MONOGRAM CREDIT CARD BANK OF 
                                     GEORGIA

 
                                     By:    /s/ Marc Sheinbaum
                                           -----------------------------------
                                     Name:   Marc Sheinbaum
                                     Title:  Director


                                     ACKNOWLEDGED & AGREED:


                                     MONTGOMERY WARD & CO., 
                                     INCORPORATED


                                     By:    /s/ John Workman
                                           -----------------------------------
                                     Name:   John Workman
                                     Title:  Executive Vice President

     General Electric Capital Corporation, as guarantor of the obligations of
Monogram under the Bank Program Agreement, hereby acknowledges the terms and
agrees that the Guaranty is not invalidated hereby and that the Guaranty
continues in full force and effect in accordance with its terms with respect to
the Bank Program Agreement as so amended.

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                                     GENERAL ELECTRIC CAPITAL 
                                     CORPORATION


                                     By:    /s/ Marc Sheinbaum
                                           -----------------------------------
                                     Name:   Marc Sheinbaum
                                     Title:  Vice President


                                     SIGNATURE FINANCIAL/MARKETING, INC., 
                                     FOR ITSELF AND ITS SUBSIDIARIES, 
                                     ACKNOWLEDGES THIS LETTER.


                                     By:    /s/ John Workman
                                           -----------------------------------
                                     Name:   John Workman
                                     Title:  Acting Chief Financial Officer

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