UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K


                 Annual Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

For the fiscal year ended: February 28, 1999

Commission file number: 33-82882

                      CIRCUIT CITY CREDIT CARD MASTER TRUST
             (Exact name of registrant as specified in its charter)


             United States                          58-1897792
             (State or other                       (IRS Employer
             jurisdiction                        Identification No.)
             of incorporation)

               225 Chastain Meadows Court, Kennesaw, Georgia 30144
               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code: 770 792-4600

        Securities registered pursuant to Section 12(b) of the Act: None

          Securities registered pursuant to Section 12(g) of the Act:

          On May 31, 1995, the registrant filed with the Securities and Exchange
Commission a registration statement on Form 8-A registering certain Circuit City
Credit Card Master Trust asset backed certificates.

          Indicate  by check  mark  whether  the  registrant  (1) has  filed all
reports  required to be filed by Section 13 or 15(d) of the Securities  Exchange
Act of 1934 during the preceding 12 months (or for such shorter  period that the
registrant  was required to file such  reports) and (2) has been subject to such
filing requirements for the past 90 days.

               Yes  X 1                         No _____

--------
          1 In reliance upon various  no-action letters issued by the Securities
and Exchange  Commission to other trusts which are substantially  similar to the
registrant,  the  registrant  has filed monthly Forms 8-K in lieu of Forms 10-Q.
See, e.g., Banc One Credit Card Master Trust (avail. May 26, 1995).

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          State  the  aggregate  market  value  of  the  voting  stock  held  by
non-affiliates  of the registrant.  The aggregate market value shall be computed
by  reference  to the price at which the stock was sold,  or the average bid and
asked prices of such stock,  as of a specified  date within 60 days prior to the
date of filing. (See definition of affiliate in Rule 405)

               Not  Applicable.


                                     PART I

          The Circuit  City Credit Card Master  Trust (the  "Trust")  was formed
pursuant to a Master Pooling and Servicing Agreement dated as of October 4, 1994
(the "Pooling and Servicing  Agreement")  between First North American  National
Bank, as Transferor (in such capacity,  the  "Transferor") and Servicer (in such
capacity,   the  "Servicer"),   and  Bankers  Trust  Company,  as  Trustee  (the
"Trustee").  The Trust was  created as a master  trust  under  which one or more
series of asset backed certificates (the  "Certificates")  evidencing  undivided
interests in certain assets of the Trust have been or will be issued pursuant to
a series supplement to the Pooling and Servicing Agreement.

          The assets of the Trust (the "Trust Assets") include  receivables (the
"Receivables")  arising under certain  consumer  revolving  credit card accounts
(the  "Accounts")  owned or acquired by the  Transferor and all monies due or to
become due in payment of the  Receivables  (including  recoveries on charged-off
Receivables),  all proceeds of the Receivables and proceeds of credit  insurance
policies  relating  to the  Receivables,  all monies on deposit in certain  bank
accounts of the Trust  (excluding  investment  earnings on such amounts,  unless
otherwise  specified)  and,  with  respect  to a  particular  series or class of
Certificates, any letter of credit, guaranteed rate agreement, maturity guaranty
facility, liquidity facility, cash collateral account, cash collateral guaranty,
collateral  indebtedness  amount,  collateral  interest,  surety bond, insurance
policy,  interest  rate cap  agreement,  interest  rate swap  agreement,  spread
account,  reserve  account or other similar  arrangement  for the benefit of the
holders of the  Certificates of such series or class.  The Trust will not engage
in any activity  other than  acquiring and holding  Receivables,  issuing one or
more series of  Certificates  and any  related  interest in the Trust and one or
more  certificates  evidencing the  Transferor's  interest in the Trust,  making
payments thereon and engaging in related activities. The Trustee holds the Trust
Assets in trust for the  benefit  of the  holders of the  Certificates,  and the
Servicer services the Receivables.

          As of February  28,  1999,  the Trust had five  outstanding  series of
Certificates. On November 17, 1994, the Trust issued in a public transaction the
Class A 8.00% Asset  Backed  Certificates,  Series  1994-2 and the Class B 8.20%
Asset  Backed  Certificates,   Series  1994-2  (together,   the  "1994-2  Public
Certificates"). In addition, the Trust issued in private transactions as part of
Series 1994-2 an interest  referred to as the Collateral  Indebtedness  Interest
and a class of investor certificates referred to as the Class D Certificates. On
September 7, 1995, the Trust issued in a public  transaction  the Class A 6.375%
Asset  Backed  Certificates,  Series  1995-1 and the Class B 6.625% Asset Backed
Certificates,  Series 1995-1 (together,  the "1995-1 Public  Certificates").  In
addition,  the Trust issued in private  transactions as part of Series 1995-1 an
interest  referred to as the  Collateral  Indebtedness  Interest  and a class of
investor certificates  referred to as the Class D Certificates.  On November 27,
1996, the Trust issued in a public  transaction  the Class A Floating Rate Asset
Backed  Certificates,  Series  1996-1 and the Class B Floating Rate Asset Backed
Certificates,  Series 1996-1  (collectively with the 1994-2 Public  Certificates
and the 1995-1 Public Certificates, the "Public Certificates"). In addition, the
Trust  issued  in  private  transactions  as part of Series  1996-1 an  interest
referred  to as the  Collateral  Indebtedness  Interest  and a class of investor
certificates  referred to as the Class D Certificates.  On November 6, 1998, the
Trust  issued  in a private  transaction  the  Series  1998-1  Variable  Funding
Certificates.  On November 12, 1998,  the Trust issued in a private  transaction
the Series 1998-2 Variable Funding  Certificates.  The Trust may issue from time
to time additional series of Certificates  evidencing undivided interests in the
Trust Assets.

          The  registrant  has prepared  this Form 10-K in reliance upon various
no-action  letters  issued by the  Securities  and Exchange  Commission to other
trusts which are substantially  similar to the Trust. See, e.g., Banc One Credit
Card  Master  Trust  (avail.  May 26,  1995).  Items  designated  herein as "Not
Applicable" have been omitted as a result of such reliance.

Item 1.   Business.

          Not Applicable.

Item 2.   Properties.

          See introductory  statement to Part I above for a description of Trust
          Assets.

Item 3.   Legal Proceedings.

          To the best knowledge of the registrant, there are no material pending
          legal proceedings involving the Trust, the Servicer or the Trustee.

Item 4.   Submission of Matters to a Vote of Security Holders.

          None.

                                     PART II

Item 5.   Market for Registrant's Common Equity and Related Stockholder Matters.

          (a) To the best knowledge of the  registrant,  there is no established
          public trading market for the Certificates.

          (b) The  Public  Certificates  are  represented  by nine  certificates
          registered  in the name of Cede & Co.,  the nominee of The  Depository
          Trust Company ("DTC").

          (c) Not Applicable.

Item 6.   Selected Financial Data.

          Not Applicable.

Item 7.   Management's  Discussion  and  Analysis  of  Financial  Condition  and
          Results of Operation.

          Not Applicable.

Item 8.   Financial Statements and Supplementary Data.

          Not Applicable.

Item 9.   Changes  in and  Disagreements  With  Accountants  on  Accounting  and
          Financial Disclosure.

          None.

                                    PART III

Item 10.  Directors and Executive Officers of the Registrant.

          Not Applicable.

Item 11.  Executive Compensation.

          Not Applicable.

Item 12.  Security Ownership of Certain Beneficial Owners and Management.

          (a) The  Public  Certificates  are  represented  by nine  certificates
          registered  in the  name of Cede & Co.,  and an  investor  holding  an
          interest  in the  Trust  is not  entitled  to  receive  a  certificate
          representing  such interest except in certain  limited  circumstances.
          Accordingly,  Cede & Co. is the sole  holder  of record of the  Public
          Certificates,  which it holds on behalf of brokers, dealers, banks and
          other direct  participants in the DTC system. Such direct participants
          may  hold  Public  Certificates  for  their  own  accounts  or for the
          accounts  of their  customers.  The  address  of Cede & Co. is c/o The
          Depository Trust Company, 7 Hanover Square, New York, New York 10004.

          (b) Not Applicable.

          (c) Not Applicable.

Item 13.  Certain Relationships and Related Transactions.

          (a)  To  the  best  knowledge  of  the   registrant,   there  were  no
          transactions,  or series of  similar  transactions,  during the fiscal
          year  ended  February  28,  1999,   and  are  no  currently   proposed
          transactions,  or series of similar  transactions,  to which the Trust
          was or is to be a party, in which the amount involved  exceeds $60,000
          and in which any person  known to the  registrant  to own of record or
          beneficially  more than 5.00% of the Public  Certificates had, or will
          have, a direct or indirect material interest.

          (b) Not Applicable.

          (c) Not Applicable.

                                     PART IV

Item 14.  Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

          (a) Documents.

               1.   Financial Statements.

                    Not Applicable.

               2.   Financial Statement Schedules.

                    Not Applicable.

               3.   Exhibits.

                    See Item 14(c).

          (b) Reports on Form 8-K.

          The registrant  filed the following  Current  Reports on Form 8-K with
respect to the fiscal year ended February 28, 1999:  Current Reports on Form 8-K
dated March 16, 1998,  April 15, 1998,  May 15,  1998,  June 15, 1998,  July 15,
1998, August 17, 1998,  September 15, 1998, October 15, 1998, November 16, 1998,
December  15,  1998,  January  15,  1999,  February  16, 1999 and March 15, 1999
reporting  Items 5 and 7(c) and providing  the Series 1994-2  Certificateholders
Statements,  the  Series  1995-1  Certificateholders  Statements  and the Series
1996-1  Certificateholders  Statements  for the months of February  1998,  March
1998, April 1998, May 1998, June 1998, July 1998,  August 1998,  September 1998,
October 1998, November 1998, December 1998, January 1999 and February 1999.

          (c) Exhibits.

          Exhibit 99.1 Annual Servicer's Certificate.

          (d) Financial Statement Schedules.

          Not Applicable.


<PAGE>


                                   SIGNATURES

          Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


                                       CIRCUIT CITY CREDIT CARD
                                       MASTER TRUST

                                       By: FIRST NORTH AMERICAN
                                           NATIONAL BANK, as Servicer

                                       By: /s/ Michael T. Chalifoux
                                           Michael T. Chalifoux
                                           Chairman of the Board and
                                            President

Dated as of May 21, 1999


                                INDEX TO EXHIBITS

Exhibit             Description
Number              of Exhibit

99.1                Annual Servicer's Certificate.