Document:

EXHIBIT 10.15

                       NEIMAN MARCUS GROUP
                    CREDIT CARD MASTER TRUST
                          SERIES 2000-1

         $225,000,000 Class A Floating Rate Asset Backed
                   Certificates, Series 2000-1

                   CLASS A PURCHASE AGREEMENT

                                                July 12, 2000

Deutsche Bank Securities Inc.,
31 West 52nd Street
New York, New York 10019
   As Representative of the Class A Initial Purchasers

Ladies and Gentlemen:

        1.   Introductory.  The Neiman Marcus Group, Inc., a Delaware
corporation ("NMG") and Bergdorf Goodman, Inc., a New York corporation
("Bergdorf Goodman") propose to sell, transfer and convey receivables (the
"Receivables") generated by a portfolio of certain consumer revolving credit
card accounts and non-card installment accounts and other rights to Neiman
Marcus Funding Corporation, a Delaware corporation and a wholly owned
subsidiary of NMG (the "Seller"). The Seller from time to time will transfer
and convey the Receivables to the Neiman Marcus Group Credit Card Master Trust
(the "Trust"), and the Seller proposes to cause the Trust to sell to Deutsche
Bank Securities Inc. and Chase Securities Inc. (each an "Initial Purchaser"
and, collectively, the "Initial Purchasers"), for whom you are acting as a
representative (the "Representative"), $225,000,000 Class A Floating Rate
Asset Backed Certificates, Series 2000-1 (the "Class A Certificates") in the
Trust.  The Receivables will be conveyed to the Seller (i) by NMG pursuant to
the Receivables Purchase Agreement, dated as of March 1, 1995 and as amended
and restated as of July 3, 2000 (the "NMG Receivables Purchase Agreement"),
between NMG and the Seller and (ii) by Bergdorf Goodman pursuant to the
Receivables Purchase Agreement, dated as of July 3, 2000 (the "Bergdorf
Receivables Purchase Agreement" and together with the NMG Receivables Purchase
Agreement, the "Receivables Purchase Agreements") between Bergdorf Goodman and
the Seller, and will be transferred from the Seller to the Trust pursuant to
(i) the amended and restated Pooling and Servicing Agreement, dated as of
July 3, 2000 (the "Pooling and Servicing Agreement"), among NMG, the Seller
and The Bank of New York, as trustee (the "Trustee"), and (ii) the Series
2000-1 Supplement to the Pooling and Servicing Agreement, dated on or about
July 21, 2000 (the "Supplement"), among NMG, the Seller and the Trustee.  The
Class A Certificates, together with the Class B and Class C Certificates and
the Seller Certificate that will initially be retained by the Seller, will be
issued pursuant to the Pooling and Servicing Agreement and the Supplement.

        The Class A Certificates may only be resold to (i) "qualified
institutional buyers" ("QIBs") in reliance upon Rule 144A ("Rule 144A") of the
Securities Act of 1933, as amended (the "Securities Act"), (ii) non-U.S.
persons outside the United States, as defined by Regulation S of the
Securities Act ("Regulation S") in a transaction meeting the requirements of
Regulation S, (iii) persons in the United States pursuant to another exemption
from registration under the Securities Act and who have delivered an opinion
of counsel in form satisfactory to the Trustee and the Seller stating that the
purchase is being made pursuant to an exemption from the registration
requirements of the Securities Act and (iv) the Seller.  In connection with
the sale of the Class A Certificates, Seller has prepared (a) a preliminary
offering memorandum dated July 7, 2000 (the "Preliminary Offering Memorandum")
and (b) a final offering memorandum dated July 12, 2000 (the "Final Offering
Memorandum") in form and substance satisfactory to the Initial Purchasers.
All references to the Final Offering Memorandum shall be deemed to include all
amendments and supplements thereto.

        This Class A Purchase Agreement shall hereinafter be referred to
as this "Agreement."  This Agreement, the Receivables Purchase Agreements, the
Pooling and Servicing Agreement and the Supplement shall collectively
hereinafter be referred to as the "Basic Documents."  Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed thereto in
the Pooling and Servicing Agreement and Supplement.

        2.   Representations and Warranties of NMG and the Seller.  NMG
and the Seller hereby jointly and severally represent and warrant to, and
agree with, the Initial Purchasers that:

             (a)  The Final Offering Memorandum will not, as of the date
        thereof and as of the Closing Date, contain an untrue statement of
        a material fact or omit to state a material fact required to be
        stated therein or necessary to make the statements therein, in
        light of the circumstances under which they were made, not
        misleading; provided, that this representation and warranty shall
        not apply to any statements or omissions made in reliance upon and
        in conformity with information relating to any Initial Purchaser
        furnished to the Seller by such Initial Purchaser expressly for
        use therein.

             (b)  As of the Closing Date, the representations and
        warranties of NMG and the Seller in the Basic Documents will be
        true and correct in all material respects.

             (c)  As of the Closing Date, each consent, approval,
        authorization or order of, or filing with, any court or
        governmental agency or body which is required to be obtained or
        made by NMG or the Seller for the consummation of the transactions
        contemplated by this Agreement and the other Basic Documents shall
        have been obtained, except as otherwise provided in the Basic
        Documents.

             (d)  Each of NMG and the Seller has been duly organized and
        is validly existing as a corporation in good standing under the
        laws of Delaware and each of NMG and the Seller is duly qualified
        to do business and is in good standing in each jurisdiction which
        requires such qualification wherein it owns or leases material
        properties or conducts material business.  Neither NMG nor the
        Seller is in violation of its charter or by-laws or in default in
        the performance or observance of any obligation, agreement,
        covenant or condition contained in any agreement or instrument to
        which it is a party or by which it or its properties are bound
        which would have a material adverse effect on the transactions
        contemplated herein or in any other Basic Document. The execution,
        delivery and performance of each Basic Document, and the issuance
        and sale by the Seller of the Class A Certificates, and compliance
        with the terms and provisions thereof will not, subject to
        obtaining any consents or approvals as may be required under the
        securities or "Blue Sky" laws of various jurisdictions, result in
        a breach or violation of any of the terms and provisions of, or
        constitute a default under, any statute, any rule, regulation or
        order of any governmental agency or body or any court having
        jurisdiction over NMG, the Seller or any of their respective
        properties or any agreement or instrument to which NMG or the
        Seller is a party or by which NMG or the Seller is bound or to
        which any of the properties of NMG or the Seller is subject, or
        the charter or by-laws of NMG or the Seller and each of NMG and
        the Seller have corporate power to enter into each Basic Document
        to which it is a party and to consummate the transactions
        contemplated hereby and thereby.

             (e)  This Agreement has been duly authorized, executed and
        delivered by NMG and the Seller and constitutes a legal, valid and
        binding agreement enforceable against NMG and the Seller in
        accordance with its terms, except as enforcement thereof may be
        limited by bankruptcy, insolvency, reorganization, moratorium,
        receivership, conservatorship or other similar laws, regulations
        or procedures of general applicability relating to or affecting
        enforcement of the rights of creditors, or by general equity
        principles and the discretion of the court before which any
        proceeding is brought (regardless of whether enforceability is
        considered in a proceeding in equity or at law) and public policy
        under applicable securities laws.

             (f)  Each Basic Document, when executed and delivered as
        contemplated hereby and thereby, will have been duly authorized,
        executed and delivered by, NMG and the Seller and, when so
        executed and delivered, will constitute a legal, valid and binding
        agreement enforceable against NMG and the Seller in accordance
        with its terms, except as enforcement thereof may be limited by
        bankruptcy, insolvency, reorganization, moratorium, receivership,
        conservatorship or other similar laws, regulations or procedures
        of general applicability relating to or affecting enforcement of
        the rights of creditors, or by general equity principles and the
        discretion of the court before which any proceeding is brought
        (regardless of whether enforceability is considered in a
        proceeding in equity or at law) and public policy under applicable
        securities laws.

             (g)  As of the Closing Date, the Class A Certificates will
        have been duly and validly authorized by the Seller and, when
        executed and authenticated as specified in the Pooling and
        Servicing Agreement, will be validly issued and outstanding and
        will be entitled to the benefits set forth in the Pooling and
        Servicing Agreement.

             (h)  There are no actions, proceedings or investigations
        now pending against NMG or the Seller or, to the best knowledge of
        NMG and the Seller, threatened against NMG or the Seller (A) that
        are required to be disclosed in the Preliminary Offering
        Memorandum or the Final Offering Memorandum, other than those
        disclosed therein, or (B)(1) asserting the invalidity of any Basic
        Document or the Class A Certificates, (2) seeking to prevent the
        issuance of the Class A Certificates or the consummation of any of
        the transactions contemplated by the Basic Documents, (3) that
        might materially and adversely affect the performance by NMG or
        the Seller of its obligations under, or the validity or
        enforceability of, any of the Basic Documents or the Class A
        Certificates, or (4) seeking to affect adversely the federal
        income tax attributes of the Class A Certificates as described in
        the Final Offering Memorandum under "U.S. Federal Income Tax
        Consequences."

             (i)  Any taxes, fees and other governmental charges that
        are assessed and due in connection with the execution, delivery
        and issuance of each Basic Document shall have been paid by NMG or
        the Seller at or prior to the Closing Date to the extent required
        to be so paid at or prior to the Closing Date under applicable
        law.

             (j)  Each of NMG and the Seller possesses all material
        licenses, certificates, authorities or permits issued by the
        appropriate state, federal or foreign regulatory agencies or
        bodies deemed by such corporation to be reasonably necessary to
        conduct the business now operated by it and as described in the
        Final Offering Memorandum, and neither NMG nor the Seller has
        received notice of proceedings relating to the revocation or
        modification of, or notice of its failure to obtain, any such
        license, certificate, authority or permit which, singly or in the
        aggregate, if the subject of any unfavorable decision, ruling or
        finding, would materially and adversely affect the conduct of the
        business, operations, financial condition or income of NMG or the
        Seller.

             (k)  Neither the Trust nor the Seller is subject to
        registration as an "investment company" under the Investment
        Company Act of 1940, as amended (the "1940 Act").

             (l)  On or before the Closing Date, NMG and the Seller
        shall have caused their respective computer records to be marked
        to reflect the conveyances of the Receivables effected by the
        Receivables Purchase Agreements and the Pooling and Servicing
        Agreement and to show the Trust's interest in the Receivables, and
        from and after the Closing Date neither NMG nor the Seller shall
        take any action inconsistent with the Trust's interest in such
        Receivables, other than as permitted by the Receivables Purchase
        Agreements or the Pooling and Servicing Agreement and Supplement.

             (m)  Assuming compliance by the Initial Purchasers with the
        offering restrictions set forth herein and in the Final Offering
        Memorandum, it is not necessary in connection with the offer, sale
        and delivery of the Class A Certificates to or by the Initial
        Purchasers in the manner contemplated by this Agreement to
        register the Class A Certificates under the Securities Act.

             (n)  None of NMG, the Seller, any of their Affiliates (as
        defined in Rule 501(b) of Regulation D under the Securities Act
        ("Regulation D")) or, to NMG's or the Seller's knowledge, the
        Trust has directly or through any agent (i) sold, offered for
        sale, solicited offers to buy or otherwise negotiated in respect
        of, any "security" (as defined in the Securities Act) that is or
        will be integrated with the sale of the Class A Certificates in a
        manner that would require the registration under the Securities
        Act of the offering of the Class A Certificates or (ii) assuming
        the accuracy of the representations and warranties of the Initial
        Purchasers in Section 3, engaged in any form of general
        solicitation or general advertising in connection with the
        offering or sale of the Class A Certificates in the United States
        (as those terms are used in Regulation D) or in any manner
        involving a public offering within the meaning of Section 4(2) of
        the Securities Act.

             (o)  None of NMG, the Seller nor any of their Affiliates
        has directly or through any agent (it being understood that NMG
        and the Seller make no representation and warranty in this regard
        with respect to the Initial Purchasers) engaged in any "directed
        selling efforts" (as defined in Rule 902(c) under Regulation S)
        with respect to the Class A Certificates.  NMG, the Seller, their
        Affiliates and any agent acting on behalf of any of them (it being
        understood that NMG and the Seller make no representation or
        warranty in this regard with respect to the Initial Purchasers)
        have complied with the "offering restrictions" (as defined in Rule
        902(g) under Regulation S) with respect to Class A Certificates
        sold outside the United States.

             (p)  The Class A Certificates will not be, on the Closing
        Date, of the same class (as defined in Rule 144A) as securities
        listed on a national securities exchange registered under
        Section 6 of the Securities Exchange Act of 1934, as amended (the
        "Exchange Act"), or quoted in a U.S. automated interdealer
        quotation system.

             (q)  None of NMG, the Seller, any of their Affiliates, to
        NMG's or the Seller's knowledge, the Trust or any Person acting on
        behalf of any of them made offers or sales of securities under
        circumstances that would require registration of the Class A
        Certificates under the Securities Act.

        3.   Representations and Warranties of the Initial Purchasers.
Each Initial Purchaser, severally but not jointly, represents and agrees that:

             (a)  It is a QIB and is purchasing for its own account (and
        not for the account of others) or as a fiduciary or agent for
        others (which others are also QIBs).  Each Initial Purchaser is
        aware that it (or any account for which it is purchasing) may be
        required to bear the economic risk of an investment in the Class A
        Certificates for an indefinite period, and it (or such account) is
        able to bear such risk for an indefinite period.

             (b)  It will not sell, pledge or otherwise transfer any
        Class A Certificate to any person unless either (i) such sale,
        pledge or other transfer is made to NMG or the Seller, (ii) so
        long as the Class A Certificates are eligible for resale pursuant
        to Rule 144A under the Securities Act, such sale, pledge or other
        transfer is made to a person whom it reasonably believes is a QIB
        acting for its own account (and not for the account of others) or
        as a fiduciary or agent for others (which others also are QIBs) to
        whom notice is given that the sale, pledge or transfer is being
        made in reliance on Rule 144A, (iii) such sale, pledge or other
        transfer is made outside the United States in compliance with
        Regulation S under the Securities Act or (iv) such sale, pledge or
        other transfer is made in the United States pursuant to another
        exemption from registration under the Securities Act and in such
        case, (A) the Trustee will require that the prospective seller and
        the prospective transferee certify to the Trustee and Seller in
        writing the facts surrounding such transfer, which certification
        will be in form and substance satisfactory to the Trustee, NMG and
        the Seller, and (B) the Trustee will require a written opinion of
        counsel (which will not be at the expense of NMG, Seller or the
        Trustee) satisfactory to Seller and the Trustee to the effect that
        such transfer will not violate the Securities Act.  With respect
        to offers and sales outside the United States, as described in
        clause 3(c)(iii) above, each Initial Purchaser, severally but not
        jointly, represents and agrees that:

                  (i)  it understands that no action has been or will
             be taken by NMG or the Seller that would permit a public
             offering of the Class A Certificates, or possession or
             distribution of the Preliminary Offering Memorandum or the
             Final Offering Memorandum or any other offering or publicity
             material relating to the Class A Certificates, in any
             country or jurisdiction where action for that purpose is
             required;

                  (ii) it will comply with all applicable laws and
             regulations in each jurisdiction in which it acquires,
             offers, sells or delivers Class A Certificates or has in its
             possession or distributes the Preliminary Offering
             Memorandum or the Final Offering Memorandum or any such
             other material, in all cases at its own expense;

                  (iii)     it understands that the Class A Certificates
             have not been and will not be registered under the
             Securities Act and may not be offered or sold within the
             United States or to, or for the account or benefit of, U.S.
             persons except in accordance with Regulation S under the
             Securities Act or pursuant to an exemption from, or in a
             transaction not subject to, the registration requirements of
             the Securities Act;

                  (iv) it has offered the Class A Certificates and will
             offer and sell the Class A Certificates (x) as part of its
             distribution at any time and (y) otherwise until 40 days
             after the later of the date upon which the offering of the
             Class A Certificates commenced to persons other than
             distributors in reliance upon Regulation S and the Closing
             Date, only in accordance with Rule 903 of Regulation S.
             Accordingly, neither such Initial Purchaser, nor any of its
             Affiliates, nor any persons acting on its behalf has engaged
             or will engage in any directed selling efforts (within the
             meaning of Regulation S) with respect to the Class A
             Certificates, and such Initial Purchaser, its Affiliates and
             any such persons have complied and will comply with the
             offering restrictions requirement of Regulation S; and

                  (v)  it agrees that, at or prior to confirmation of
             sales of the Class A Certificates, it will have sent to each
             distributor, dealer or person receiving a selling
             concession, fee or other remuneration that purchases Class A
             Certificates from it during the distribution compliance
             period (as defined in Regulation S) a confirmation or notice
             to substantially the following effect:

                  "THIS CERTIFICATE (OR ITS PREDECESSOR) WAS
                  ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM
                  REGISTRATION UNDER THE SECURITIES ACT OF 1933,
                  AS AMENDED (THE "SECURITIES ACT").  THIS
                  CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE
                  SECURITIES ACT OR ANY APPLICABLE STATE
                  SECURITIES LAW OF ANY STATE AND MAY NOT BE
                  OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
                  UNLESS REGISTERED PURSUANT TO OR EXEMPT FROM
                  REGISTRATION UNDER THE SECURITIES ACT AND ANY
                  OTHER APPLICABLE SECURITIES LAW.  EACH PURCHASER
                  OF THIS CERTIFICATE IS HEREBY NOTIFIED THAT THE
                  SELLER OF THIS CERTIFICATE MAY BE RELYING ON THE
                  EXEMPTIONS FROM THE PROVISIONS OF SECTION 5 OF
                  THE SECURITIES ACT PROVIDED BY RULE 144A AND
                  REGULATIONS THEREUNDER."

             (c)  The Class A Certificates may not be purchased by or
        transferred to any "employee benefit plan" within the meaning of
        Section 3(3) of the Employee Retirement Income Security Act of
        1974, as amended ("ERISA") (whether or not subject to ERISA, and
        including, without limitation, foreign or government plans) or by
        any "plan" described in Section 4975(e)(1) of the Internal Revenue
        Code of 1986, as amended, or any entity whose underlying assets
        include plan assets by reason of a plan's investment in such
        entity (each, a "Plan"), except for an insurance company using the
        assets of its general account that represents and warrants that,
        at the time of acquisition and throughout the period it holds the
        Class A Certificates (i) it is eligible for and meets the
        requirements of Department of Labor Prohibited Transaction Class
        Exemption 95-60, (ii) less than 25% of the assets of such account
        are (or represent) assets of a Plan, and (iii) it is not a service
        provider to the Trust, or an affiliate of a service provider to
        the Trust, and would not otherwise be excluded under
        2510.3-101(f)(1).

             (d)  It understands that each Class A Certificate will bear
        a legend or legends substantially in the following form unless the
        Seller determines otherwise, consistent with applicable law:

             "THIS CERTIFICATE (OR ITS PREDECESSOR) HAS NOT BEEN
             REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
             AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT
             BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN
             THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF,
             UNITED STATES PERSONS, EXCEPT AS SET FORTH IN THE NEXT
             SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL
             INTEREST HEREIN, THE HOLDER:

                  (1)  REPRESENTS THAT (A) IT IS A "QUALIFIED
                       INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A
                       UNDER THE SECURITIES ACT) (A "QIB"), (B) IT HAS
                       ACQUIRED THIS CERTIFICATE IN AN OFFSHORE
                       TRANSACTION IN COMPLIANCE WITH REGULATION S
                       UNDER THE SECURITIES ACT OR (C) IT IS AN
                       "INSTITUTIONAL ACCREDITED INVESTOR" (AS DEFINED
                       IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION
                       D UNDER THE SECURITIES ACT) (AN "INSTITUTIONAL
                       ACCREDITED INVESTOR"),

                  (2)  AGREES THAT IT WILL NOT RESELL OR OTHERWISE
                       TRANSFER THIS CERTIFICATE EXCEPT (A) TO A PERSON
                       WHOM THE SELLER REASONABLY BELIEVES IS A QIB
                       PURCHASING FOR ITS OWN ACCOUNT OR FOR THE
                       ACCOUNT OF A QIB IN A TRANSACTION MEETING THE
                       REQUIREMENTS OF RULE 144A UNDER THE SECURITIES
                       ACT, (B) IN AN OFFSHORE TRANSACTION MEETING THE
                       REQUIREMENTS OF RULE 904 UNDER THE SECURITIES
                       ACT, (C) IN A TRANSACTION MEETING THE
                       REQUIREMENTS OF RULE 144 UNDER THE SECURITIES
                       ACT, (D) TO AN INSTITUTIONAL ACCREDITED INVESTOR
                       THAT, IN THE CASE OF THIS CLAUSE (D), PRIOR TO
                       SUCH TRANSFER, FURNISHES THE TRUST AND THE
                       SELLER A SIGNED LETTER CONTAINING CERTAIN
                       REPRESENTATIONS AND AGREEMENTS RELATING TO THE
                       TRANSFER OF THIS CERTIFICATE (THE FORM OF WHICH
                       CAN BE OBTAINED FROM THE TRUST AND THE SELLER)
                       AND, IF SUCH TRANSFER IS IN RESPECT OF AN
                       AGGREGATE PRINCIPAL AMOUNT OF CERTIFICATES LESS
                       THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE
                       TO THE NEIMAN MARCUS GROUP, INC., THE SELLER,
                       THE TRUST AND BERGDORF GOODMAN, INC., THAT SUCH
                       TRANSFER IS IN COMPLIANCE WITH THE SECURITIES
                       ACT, OR (E) PURSUANT TO AN EFFECTIVE
                       REGISTRATION STATEMENT UNDER THE 1933 ACT AND,
                       IN EACH CASE, IN ACCORDANCE WITH THE APPLICABLE
                       SECURITIES LAWS OF ANY STATE OF THE UNITED
                       STATES OR ANY OTHER APPLICABLE JURISDICTION,

                  (3)  REPRESENTS THAT EITHER (A) IT IS NOT ACQUIRING
                       THE CERTIFICATES WITH THE ASSETS OF A BENEFIT
                       PLAN OR (B) ITS PURCHASE AND HOLDING OF THE
                       CERTIFICATES WILL NOT RESULT IN A NONEXEMPT
                       PROHIBITED TRANSACTION UNDER SECTION 406(a) OF
                       ERISA OR SECTION 4975 OF THE CODE, AND

                  (4)  AGREES THAT IT WILL DELIVER TO EACH PERSON TO
                       WHOM THIS CERTIFICATE OR AN INTEREST HEREIN IS
                       TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT
                       OF THIS LEGEND.

                  AS USED HEREIN, THE TERMS "OFFSHORE TRANSACTION" AND
                  "UNITED STATES" HAVE THE MEANINGS GIVEN TO THEM BY
                  RULE 902 OF REGULATION S UNDER THE SECURITIES ACT. THE
                  POOLING AGREEMENT UNDER WHICH THIS CERTIFICATE WAS
                  ISSUED CONTAINS A PROVISION REQUIRING THE TRUST AND
                  THE SELLER TO REFUSE TO REGISTER ANY TRANSFER OF THIS
                  CERTIFICATE IN VIOLATION OF THE FOREGOING."

   Terms used in this Section 3 and not otherwise defined in this Agreement
have the meanings given to them by Regulation S.

        4.   Purchase, Sale and Delivery of Class A Certificates.  On the
basis of the representations, warranties and agreements herein contained, but
subject to the terms and conditions herein set forth, the Seller agrees to
sell to the Initial Purchasers, and the Initial Purchasers agree, severally
and not jointly, to purchase from the Seller, the respective aggregate
principal amount of the Class A Certificates set forth below opposite the
names of the Initial Purchasers.  The Class A Certificates are to be purchased
at the purchase price of 99.65% of the aggregate principal amounts thereof.

Initial Purchaser                          Principal Amount
                                        of Class A Certificates

Deutsche Bank Securities Inc.                 $168,750,000

Chase Securities Inc.                           56,250,000
                                              ------------
   Total                                      $225,000,000

        The Seller will deliver the Class A Certificates to the Initial
Purchasers against payment of the purchase price therefor in immediately
available funds to the order of the Seller at the office of Mayer, Brown &
Platt, 190 South LaSalle Street, Chicago, Illinois at 10:00 A.M., Chicago
time, on July 21, 2000, or at such other time not later than seven full
Business Days thereafter as the Initial Purchasers and the Seller determine,
such time being herein referred to as the "Closing Date."  Each of the Class A
Certificates will be initially represented by one or more certificates (the
"DTC Securities") registered in the name of Cede & Co., the nominee of The
Depository Trust Company ("DTC").  The interests of beneficial owners of the
DTC Securities will be represented by book entries on the records of DTC and
participating members thereof.  Definitive certificates evidencing the Class A
Certificates will be available only under the limited circumstances specified
in the Pooling and Servicing Agreement.  Such certificates will be made
available for examination and packaging by the Initial Purchasers no later
than 12:00 noon, Chicago time, on the first business day prior to the Closing
Date.

        5.   Resale by the Initial Purchasers.  The Initial Purchasers
propose to offer the Class A Certificates for resale upon the terms set forth
in this Agreement, the Preliminary Offering Memorandum and the Final Offering
Memorandum.

        6.   Certain Agreements of NMG and the Seller. NMG and the Seller
jointly and severally covenant and agree with the Initial Purchasers that:

             (a)  So long as any of the Class A Certificates are
        outstanding, the Seller will furnish to the Initial Purchasers
        copies of all reports or other communications (financial or other)
        furnished to holders of the Class A Certificates.

             (b)  If, at any time prior to the completion of the initial
        placement of the Class A Certificates, any event shall occur as a
        result of which it is necessary to amend or supplement the Final
        Offering Memorandum in order to make the statements therein, in
        the light of the circumstances when the Final Offering Memorandum
        is delivered to a purchaser, not misleading, or if it is necessary
        to amend or supplement the Final Offering Memorandum to comply
        with law, the Seller will forthwith prepare and furnish, at the
        expense of the Seller, to the Initial Purchasers and to any other
        Persons (whose names and addresses the Initial Purchasers will
        furnish to the Seller) to which Class A Certificates may have been
        sold by the Initial Purchasers and to any other Person upon
        request, such amendments or supplements to the Final Offering
        Memorandum as may be necessary so that the statements in the Final
        Offering Memorandum as so amended or supplemented will not, in the
        light of the circumstances when the Final Offering Memorandum is
        delivered to a purchaser, be misleading or so that the Final
        Offering Memorandum will comply with law.

             (c)  The Seller and NMG shall furnish copies of the Final
        Offering Memorandum to the Initial Purchasers at such times and in
        such quantities as the Initial Purchasers may reasonably request.

             (d)  So long as any of the Class A Certificates are
        outstanding, the Seller will deliver to the Initial Purchasers (i)
        as soon as available, copies of all reports required to be
        delivered to holders pursuant to Article III of the Pooling and
        Servicing Agreement and Section 5.2 of the Supplement; (ii) as
        soon as available, copies of each document relating to the Trust
        required to be filed with the Commission pursuant to the
        Securities Exchange Act of 1934, as amended, or any order of the
        Commission thereunder, and (iii) such other information concerning
        the Trust, NMG, the Seller or the Class A Certificates as the
        Initial Purchasers may reasonably request from time to time.

             (e)  In order to render the Class A Certificates eligible
        for resale pursuant to Rule 144A under the Act, while any of the
        Class A Certificates remain outstanding, NMG and the Seller shall
        make available, upon request, to any holder of Class A
        Certificates or prospective purchaser of Class A Certificates the
        information required by Rule 144A(d)(4) under the Securities Act,
        unless NMG or the Seller furnishes information to the Securities
        and Exchange Commission in accordance with Rule 12g3-2(b) or
        pursuant to Section 13 or 15(d) of the Exchange Act.

             (f)  The Seller and NMG each agree that they will not and
        will cause their affiliates (as defined in Rule 501(b) of
        Regulation D) not to solicit any offer to buy or make any offer or
        sale of, or otherwise negotiate in respect of, certificates if, as
        a result of the doctrine of "integration" referred to in Rule 502
        under the Securities Act, such offer or sale would render invalid
        (for the purpose of (i) the sale of the Class A Certificates by
        the Trust to the Initial Purchasers, (ii) the resale of the Class
        A Certificates by the Initial Purchasers to subsequent purchasers
        or (iii) the resale of the Class A Certificates by such subsequent
        purchasers to others) the exemption from the registration
        requirements of the Securities Act provided by Section 4(2)
        thereof, by Rule 144A or by Regulation S thereunder or otherwise.

             (g)  None of NMG, the Seller or any of their affiliates (as
        defined in Rule 501(b) of Regulation D) will directly or through
        any agent, assuming the accuracy of the representations and
        warranties of the Initial Purchasers in Section 3: (i) engage in
        any form of general solicitation or general advertising (as those
        terms are used in Regulation D) in connection with the offering or
        sale of the Class A Certificates in the United States or in any
        manner involving a public offering within the meaning of Section
        4(2) of the Securities Act or (ii) engage in any "directed selling
        efforts" (as defined in Rule 902(c) under Regulations S) with
        respect to the Class A Certificates.  NMG, the Seller and their
        affiliates (as defined in Rule 501(b) of Regulation D) and any
        agent acting on their behalf, assuming the accuracy of the
        representations and warranties of the Initial Purchasers in
        Section 3, will comply with the "offering restrictions" (as
        defined in Rule 902(g) under Regulation S) with respect to any
        Class A Certificates sold outside the United States.

             (h)  The Seller will pay all expenses incident to the
        performance of its obligations under this Agreement, including (i)
        the printing (or other reproducing)  of the Preliminary Offering
        Memorandum and the Final Offering Memorandum; (ii) the reproducing
        of the Basic Documents; (iii) the preparation, issuance and
        delivery of the certificates evidencing the Class A Certificates
        to the Initial Purchasers; (iv) the fees of DTC in connection with
        the bookentry registration of the Class A Certificates; (v) the
        fees and disbursements of (A) Mayer, Brown & Platt, Ropes & Gray
        and the Seller's accountants and (B) the Trustee and its counsel;
        (vi) the printing (or otherwise reproducing) and delivery to the
        Initial Purchasers of copies of the Preliminary Offering
        Memorandum and Final Offering Memorandum to the Initial
        Purchasers; and (vii) the fees charged by the Rating Agencies for
        rating the Class A Certificates.

             (i)  To the extent, if any, that any rating provided with
        respect to the Class A Certificates by the Rating Agencies is
        conditional upon the furnishing of documents or the taking of any
        other actions by NMG or the Seller, NMG or the Seller shall
        furnish (or cause to be furnished) such documents and take (or
        cause to be taken) any such other actions.

             (j)  For a period of thirty days from the date hereof, the
        Seller will not, without the prior written consent of the Initial
        Purchasers, directly or indirectly, offer, sell or contract to
        sell, or announce the offering of, in a public or private
        transaction, any other series of certificates evidencing interests
        in the Receivables.

        7.   Conditions of the Obligations of the Initial Purchasers. The
obligation of the Initial Purchasers to purchase and pay for the Class A
Certificates will be subject to the accuracy of the representations and
warranties on the part of NMG and the Seller herein, to the accuracy of the
statements of officers of NMG and the Seller made pursuant to the provisions
hereof, to the performance by the Seller hereunder and to the following
additional conditions precedent:

             (a)  The Initial Purchasers shall have received from
        Deloitte & Touche LLP a letter or letters, dated the date of the
        Final Offering Memorandum, confirming that they are independent
        public accountants within the meaning of the Securities Act and
        otherwise in form and substance satisfactory to the Initial
        Purchasers and counsel to the Initial Purchasers.

             (b)  Subsequent to the execution and delivery of this
        Agreement, there shall not have occurred (i) any change, or any
        development involving a prospective change, in or affecting
        particularly the business or properties of the Trust or NMG or the
        Seller which, in the reasonable judgment of the Initial
        Purchasers, could materially impair the investment quality of the
        Class A Certificates; (ii) any downgrading in the rating of any
        securities of the Trust or NMG or the Seller, by any "nationally
        recognized statistical rating organization" (as such term is
        defined for purposes of Rule 436(g) under the Securities Act), or
        any public announcement that any such organization has under
        surveillance or review its rating of any securities of the Trust
        or NMG or the Seller (other than an announcement with positive
        implications of a possible upgrading, and no implication of a
        possible downgrading, of such rating); (iii) any suspension of
        trading of any securities of NMG or the Seller on any exchange or
        in the over-the-counter market or any setting of minimum prices
        for trading on such exchange; or (iv) any outbreak or escalation
        of major hostilities in which the United States is involved, any
        declaration of war by Congress or any other substantial national
        or international calamity or emergency if, in the judgment of the
        Initial Purchasers, the effects of any such outbreak, escalation,
        declaration, calamity or emergency could make it impractical or
        inadvisable to proceed with completion of the sale of, and payment
        for, the Class A Certificates.

             (c)  The Initial Purchasers shall have received a
        certificate, dated the Closing Date, signed by the President or
        any Vice President and the principal financial or principal
        accounting officer or the Treasurer or any Assistant Treasurer or
        the Secretary or any Assistant Secretary of each of NMG and the
        Seller to the effect that the signers of such certificate, certify
        on behalf of NMG and the Seller, that they have carefully examined
        the Basic Documents and the Final Offering Memorandum and stating
        that:

                  (i)  the representations and warranties of NMG  and
             the Seller in the Basic Documents are true and correct in
             all material respects at and as of the date of such
             certificate as if made on and as of such date (except to the
             extent they expressly relate to an earlier date);

                  (ii) NMG and the Seller have complied, in all
             material respects, with all the agreements and satisfied, in
             all material respects, all the conditions on the part of NMG
             and the Seller to be performed or satisfied at or prior to
             the date of such certificate; and

                  (iii)     nothing has come to the attention of NMG or the
             Seller that would lead NMG or the Seller to believe that the
             Final Offering Memorandum contains any untrue statement of a
             material fact or omits to state any material fact necessary
             in order to make the statements therein, in the light of the
             circumstances under which they were made, not misleading.

             (d)  Mayer, Brown & Platt shall have delivered a favorable
        opinion dated the Closing Date in form and substance reasonably
        satisfactory to the Initial Purchasers, and NMG and the Seller
        shall have furnished to such counsel such documents as they
        reasonably request for the purpose of enabling them to pass on
        such matters.

             (e)  Gail S. Mann, Vice President and Associate General
        Counsel of NMG, shall have delivered a favorable opinion with
        respect to clauses (i) through (vi) and clause (ix) of this
        paragraph (e); Mayer, Brown & Platt shall have delivered a
        favorable opinion with respect to clauses (vii), (viii) and (x)
        through (xi), (xii(a)) (with respect to Texas), (xii(b)), (xiii)
        (with respect to Texas and New York) and (xiv) through (xxi); and
        Ropes & Gray shall have delivered a favorable opinion with respect
        to clauses (xii(a) (with respect to Massachusetts)) and (xiii)
        (with respect to Massachusetts) of this paragraph (e).  Each
        opinion shall be dated the Closing Date and shall be satisfactory
        in form and substance to the Initial Purchasers and its counsel,
        to the effect that:

                  (i)  Each of NMG and the Seller is validly existing
             and in good standing as a corporation under the laws of the
             State of Delaware, is duly qualified to do business and is
             in good standing under the laws of each jurisdiction which
             requires such qualification wherein it owns or leases
             material properties or conducts material business, and has
             full power and authority to own its properties, and to enter
             into and perform its obligations under this Agreement and
             the other Basic Documents and to consummate the transactions
             contemplated hereby and thereby;

                  (ii) this Agreement and the other Basic Documents
             have been duly authorized, executed and delivered by NMG and
             the Seller;

                  (iii)     the Class A Certificates have been duly
             authorized by the Seller;

                  (iv) neither the execution nor the delivery of this
             Agreement and the other Basic Documents, nor the issuance or
             delivery of the Class A Certificates, nor the consummation
             of any of the transactions contemplated herein or therein,
             nor the fulfilment of the terms of the Class A Certificates
             or the Basic Documents will conflict with or violate any
             term or provision of the charter or by-laws of Bergdorf
             Goodman, NMG or the Seller, or result in a breach or
             violation of, or default under, or result in the creation or
             imposition of any lien, charge or encumbrance upon any
             property or assets of Bergdorf Goodman, NMG or the Seller
             pursuant to any material statute currently applicable to
             such corporation or any order or regulation known to such
             counsel to be currently applicable to such corporation of
             any court, regulatory body, administrative agency or
             governmental body having jurisdiction over Bergdorf Goodman,
             NMG or the Seller, as the case may be, or the terms of any
             indenture or other agreement or instrument to which Bergdorf
             Goodman, NMG or the Seller is a party or by which any of
             them or any of their properties are bound;

                  (v)  there is no pending or to the best knowledge of
             such counsel, threatened action, suit or proceeding before
             any court or governmental agency, authority or body or any
             arbitrator with respect to the Trust, the Class A
             Certificates, the Basic Documents or any of the transactions
             contemplated herein or therein or with respect to NMG or the
             Seller which, in the case of any such action, suit or
             proceeding with respect to NMG or the Seller, would have a
             material adverse effect on the holders of the Class A
             Certificates or the Trust or upon the ability of any of them
             to perform their obligations under any of such agreements,
             and there is no material contract or document relating to
             the Trust or property conveyed to the Trust which is not
             disclosed in the Final Offering Memorandum;

                  (vi) such counsel has no reason to believe that
             (other than accounting, statistical or financial data
             included therein, as to which counsel need express no
             belief) the Final Offering Memorandum, as amended or
             supplemented as of the date of such opinion, contained any
             untrue statement of a material fact or omitted to state a
             material fact necessary in order to make the statements
             therein in the light of the circumstances under which they
             were made, not misleading;

                  (vii)     it is not necessary in connection with the
             offer, sale and delivery of the Class A Certificates in the
             manner contemplated by this Agreement and the Pooling and
             Servicing Agreement to register the Class A Certificates
             under the Securities Act;

                  (viii)    the statements in the Final Offering
             Memorandum under the heading "Legal Aspects of the
             Receivables", to the extent that they constitute statements
             of matters of law or legal conclusions with respect thereto,
             have been prepared or reviewed by such counsel and are
             correct in all material respects;

                  (ix) no consent, approval, authorization, order,
             registration, filing, qualification, license or permit of or
             with any court, federal or state governmental agency or
             regulatory body is required for NMG and the Seller to
             consummate the transactions contemplated by the Basic
             Documents, except (x) such consents, approvals,
             authorizations, orders, registrations, filings,
             qualifications, licenses or permits as have been made or
             obtained or as may be required under the state securities or
             "Blue Sky" laws of any jurisdiction in connection with the
             purchase of the Class A Certificates and the subsequent
             distribution thereof by the Initial Purchasers or (y) where
             the failure to have such consents, approvals,
             authorizations, orders, registrations, filings,
             qualifications, licenses or permits would not have a
             material adverse effect on the Trust's interests in the
             Receivables or, without limiting the foregoing, on the
             transactions contemplated by the Basic Documents;

                  (x)  the Basic Documents constitute the legal, valid
             and binding agreement of each of NMG and the Seller
             enforceable against each of NMG and the Seller in accordance
             with its terms subject (x) to applicable bankruptcy,
             insolvency, reorganization, moratorium, receivership,
             conservatorship or other similar laws, regulations or
             procedures of general applicability relating to or generally
             affecting enforcement of the rights of creditors; (y) to
             general principles of equity (regardless of whether
             enforcement is sought in a proceeding in equity or at law)
             and (z) with respect to rights of indemnity under this
             Agreement, to limitations of public policy under applicable
             securities laws;

                  (xi) the Class A Certificates when duly and validly
             executed and authenticated in accordance with the terms of
             the Pooling and Servicing Agreement and the Supplement and
             delivered to and paid for by the Initial Purchasers pursuant
             to this Agreement, will be validly issued and outstanding,
             enforceable in accordance with their terms subject (x) to
             applicable bankruptcy, insolvency, reorganization,
             moratorium, receivership, conservatorship or other similar
             laws, regulations or procedures of general applicability
             relating to or generally affecting enforcement of the rights
             of creditors and (y) to general principles of equity
             (regardless of whether enforcement is sought in a proceeding
             in equity or at law);

                  (xii)     the security interest created by the Receivables
             Purchase Agreements in NMG's and Bergdorf Goodman's
             interests in the Receivables will be perfected, (a) in the
             case of NMG, under Article 9 of the Uniform Commercial Code
             of Texas and Massachusetts upon the proper filing of UCC-1
             financing statements with the appropriate filing offices in
             Texas and Massachusetts, and (b) in the case of Bergdorf
             Goodman, under Article 9 of the Uniform Commercial Code of
             New York upon the proper filing of UCC-1 financing
             statements with the appropriate filing offices in New York;

                  (xiii)    the security interest created by the
             Pooling and Servicing Agreement in the Seller's interest in
             the Receivables will be perfected under Article 9 of the
             Uniform Commercial Code of Texas and Massachusetts upon the
             proper filing of UCC-1 financing statements with the
             appropriate filing offices in Texas and Massachusetts, and
             at the time of such perfection, such security interest will
             be of first priority under Article 9 of the New York Uniform
             Commercial Code;

                  (xiv)     the UCC-1 financing statements are in
             appropriate form for filing and (a) no other filings or
             other actions, with respect to the Seller's interest in the
             Receivables, are necessary to perfect the interest of the
             Seller in the Receivables, and  the proceeds thereof,
             conveyed to the Seller thereunder and (b) no other filings
             or other actions, with respect to the Trustee's interest in
             the Receivables, are necessary to perfect the interest of
             the Trustee in the Receivables, and proceeds thereof,
             against third parties, except, in each case, that
             appropriate continuation statements must be filed in
             accordance with the applicable state's requirements;

                  (xv) the Receivables Purchase Agreements create in
             favor of the Seller security interests under Article 9 of
             the New York Uniform Commercial Code ("NYUCC") in the rights
             of Bergdorf Goodman and NMG in the Receivables (and
             collections thereon) and the Pooling and Servicing Agreement
             creates in favor of the Trustee a security interest under
             Article 9 of the NYUCC in the rights of the Seller in the
             Receivables (and collections thereon);

                  (xvi)     the Certificates and the Basic Documents conform
             in all material respects to the descriptions thereof
             contained in the Final Offering Memorandum;

                  (xvii)    neither the Pooling and Servicing
             Agreement nor the Supplement will be required to be
             qualified under the Trust Indenture Act of 1939, as amended;

                  (xviii)   the Trust is not required to be registered
             as an "investment company" under the 1940 Act; and

                  (xix)     the statements in the Final Offering Memorandum
             under the heading "U.S. Federal Income Tax Considerations"
             accurately describe the material Federal income tax
             consequences to holders of the Certificates and the
             statements under the heading "ERISA Considerations", to the
             extent that they constitute statements of matters of law or
             legal conclusions with respect thereto, have been prepared
             or reviewed by such counsel and accurately describe the
             material consequences to holders of the Certificates under
             ERISA;

                  (xx) in a properly presented and argued case in a
             proceeding under Title 11 of the United States Code, 11
             U.S.C. '' 101, et seq. (the "Bankruptcy Code"), if the
             matter were properly briefed and presented to a court, the
             court would hold that (1) the transfer of the Receivables by
             NMG to the Seller and by Bergdorf Goodman to the Seller in
             the manner set forth in the related Receivables Purchase
             Agreement would constitute an absolute sale of the
             Receivables, rather than a borrowing by NMG or Bergdorf
             Goodman, as applicable, secured by the related Receivables,
             so that such Receivables would not be the property of the
             estate of NMG or Bergdorf Goodman, as applicable, under
             Section 541(a) of the Bankruptcy Code, and thus (2) the
             Seller's rights to the Receivables would not be impaired by
             the operation of Section 362(a) of the Bankruptcy Code; and

                  (xxi)     if NMG or Bergdorf Goodman should become a
             debtor in a case under the Bankruptcy Code, and the Seller
             would not otherwise properly be a debtor in a case under the
             Bankruptcy Code, and if the matter were properly briefed and
             presented to a court exercising bankruptcy jurisdiction, the
             court, exercising reasonable judgment after full
             consideration of all relevant factors, would not order, over
             the objection of the Certificateholders, the substantive
             consolidation of the assets and liabilities of the Seller
             with those of NMG or Bergdorf Goodman, as applicable.

        In rendering such opinions, counsel may refer to or rely upon, (A)
as to matters involving the application of the law of any jurisdiction other
than the states in which they are licensed to practice, the corporate law of
the State of Delaware and the United States Federal laws, to the extent deemed
proper and stated in such opinion, the opinion of other counsel of good
standing believed by such counsel to be reliable and acceptable to the Initial
Purchasers and its counsel, and (B) as to matters of fact, to the extent
deemed proper and as stated therein, on certificates of responsible officers
of the Seller and public officials.  Further, for purposes of the opinion
delivered pursuant to clause (x) above, counsel may assume that the applicable
laws of the State of New York are the same as the applicable laws of the
Commonwealth of Massachusetts and Texas.

             (f)  The Initial Purchasers shall receive evidence
        satisfactory to them that, on or before the Closing Date, UCC-1
        financing statements have been filed pursuant to the laws of the
        States of Massachusetts, Texas and New York (and such other states
        as may be necessary or desirable pursuant to applicable state law)
        reflecting the interest of the Trust in the Receivables and the
        proceeds thereof.

             (g)  Counsel to the Trustee shall have delivered a
        favorable opinion, dated the Closing Date, as the case may be, and
        satisfactory in form and substance to the Initial Purchasers and
        their counsel and the Seller and its counsel, to the effect that:

                  (i)  the Trustee has been duly organized and is
             validly existing and in good standing as a national banking
             association under the laws of the United States, is duly
             qualified to do business in all jurisdictions where the
             nature of its operations as contemplated by the Pooling and
             Servicing Agreement and the Supplement requires such
             qualifications, and has the power and authority (corporate
             and other) to take all action required of it under, the
             Pooling and Servicing Agreement and the Supplement;

                  (ii) the execution, delivery and performance by the
             Trustee of the Pooling and Servicing Agreement and the
             Supplement and the issuance of the Class A Certificates by
             the Trustee have been duly authorized by all necessary
             corporate action on the part of the Trustee, and under
             present laws do not and will not contravene any law or
             governmental regulation or order presently binding on the
             Trustee or the charter or the by-laws of the Trustee or
             contravene any provision of or constitute a default under
             any indenture, contract or other instrument to which the
             Trustee is a party or by which the Trustee is bound;

                  (iii)     the execution, delivery and performance by the
             Trustee of the Pooling and Servicing Agreement and the
             Supplement and the issuance of the Class A Certificates by
             the Trustee do not require the consent or approval of, the
             giving of notice to, the registration with, or the taking of
             any other action in respect of any federal, state or other
             governmental agency or authority which has not previously
             been effected;

                  (iv) each of the Class A Certificates has been duly
             authenticated and delivered by the Trustee and each of the
             Class A Certificates and the Pooling and Servicing Agreement
             and the Supplement constitute legal, valid and binding
             agreements of the Trustee, enforceable against the Trustee
             in accordance with its terms (subject to applicable
             bankruptcy, insolvency and similar laws generally affecting
             creditors' rights); and

                  (v)  no approval, authorization or other action by,
             or filing with, any governmental authority of the United
             States of America or the State of New York having
             jurisdiction over the banking or trust powers of the Trustee
             is required in connection with its execution and delivery of
             the Pooling and Servicing Agreement and the Supplement or
             the performance by the Trustee of the terms of the Pooling
             and Servicing Agreement and the Supplement.

             (h)  The Class A Certificates shall have been given the
        highest investment grade rating by both Moody's Investors Service,
        Inc. ("Moody's") and Standard & Poor's Ratings Group ("S&P"), and
        neither Moody's nor S&P shall have placed the Class A Certificates
        under review with possible negative implications.

             (i)  All proceedings in connection with the transactions
        contemplated by this Agreement and the other Basic Documents and
        all documents incident hereto and thereto shall be reasonably
        satisfactory in form and substance to the Initial Purchasers and
        their Counsel, and the Initial Purchasers and their Counsel shall
        have received such information, certificates and documents as the
        Initial Purchasers and their Counsel may reasonably request.

        8.   Indemnification and Contribution.

             (a)  NMG and the Seller, jointly and severally, will
        indemnify and hold the Initial Purchasers harmless against any
        losses, claims, damages or liabilities, joint or several, to which
        the Initial Purchasers may become subject, under the Securities
        Act or otherwise, insofar as such losses, claims, damages or
        liabilities (or actions in respect thereof) arise out of or are
        based upon any untrue statement or alleged untrue statement of any
        material fact contained in the Preliminary Offering Memorandum or
        the Final Offering Memorandum, or any amendment or supplement
        thereto, or arise out of or are based upon the omission or alleged
        omission to state therein a material fact required to be stated
        therein or necessary to make the statements therein not
        misleading, and will reimburse the Initial Purchasers for any
        legal or other expenses reasonably incurred by the Initial
        Purchasers in connection with investigating or defending any such
        loss, claim, damage, liability or action as such expenses are
        incurred; provided, however, that neither NMG nor the Seller will
        be liable in any such case to the extent that any such loss,
        claim, damage or liability arises out of or is based upon an
        untrue statement or alleged untrue statement in or omission or
        alleged omission from any of such documents in reliance upon and
        in conformity with written information furnished to NMG or the
        Seller by the Initial Purchasers specifically for use therein.
        NMG and the Seller acknowledge that their names constitute the
        only information furnished in writing by the Initial Purchasers or
        on behalf of the Initial Purchasers for inclusion in the Final
        Offering Memorandum.

             (b)  Each Initial Purchaser, severally (in proportion to
        their respective purchase obligations) and not jointly, will
        indemnify and hold harmless NMG and the Seller against any losses,
        claims, damages or liabilities, joint or several, to which NMG or
        the Seller may become subject, under the Securities Act or
        otherwise, insofar as such losses, claims, damages or liabilities
        (or actions in respect thereof) arise out of or are based upon any
        untrue statement or alleged untrue statement of any material fact
        contained in the Preliminary Offering Memorandum or the Final
        Offering Memorandum, or arise out of or are based upon the
        omission or the alleged omission to state therein a material fact
        required to be stated therein or necessary to make the statements
        therein not misleading, in each case to the extent, but only to
        the extent, that such untrue statement or alleged untrue statement
        or omission or alleged omission was made in reliance upon and in
        conformity with written information furnished to NMG or the Seller
        by such Initial Purchaser specifically for use therein, as set
        forth in subsection (a) above, and will reimburse any legal or
        other expenses reasonably incurred by NMG or the Seller in
        connection with investigating or defending any such loss, claim,
        damage, liability or action as such expenses are incurred.

             (c)  Promptly after receipt by an indemnified party under
        this Section 8 of notice of the commencement of any action, such
        indemnified party will, if a claim in respect thereof is to be
        made against the indemnifying party under subsection (a) or (b)
        above, notify the indemnifying party of the commencement thereof;
        but the omission to so notify the indemnifying party (i) will not
        relieve it from liability under subsections (a) or (b) above
        unless and to the extent it did not otherwise learn of such action
        and such failure results in the forfeiture by the indemnifying
        party of substantial rights and defenses and (ii) will not, in any
        event, relieve the indemnifying party from any obligations to any
        indemnified party other than the indemnification obligations
        provided under subsections (a) or (b) above.  In case any such
        action is brought against any indemnified party and it notifies
        the indemnifying party of the commencement thereof, the
        indemnifying party will be entitled to participate therein and, to
        the extent that it may wish, jointly with any other indemnifying
        party similarly notified, to assume the defense thereof, with
        counsel satisfactory to such indemnified party (who shall not,
        except with the consent of the indemnified party, be counsel to
        the indemnifying party), and after notice from the indemnifying
        party to such indemnified party of its election so to assume the
        defense thereof, the indemnifying party under this Section 8 shall
        not be liable for any legal or other expenses subsequently
        incurred by such indemnified party in connection with the defense
        thereof other than reasonable costs of investigation.
        No indemnifying party shall, without the prior written consent of
        the indemnified party, effect any settlement of any pending or
        threatened action in respect of which any indemnified party is or
        could have been a party and indemnity could have been sought
        hereunder by such indemnified party unless such settlement
        includes an unconditional release of such indemnified party from
        all liability on any claims that are the subject matter of such
        action.

             (d)  If the indemnification provided for in this Section 8
        is unavailable or insufficient to hold harmless an indemnified
        party under subsection (a) or (b) above, then each indemnifying
        party shall contribute to the amount paid or payable by such
        indemnified party as a result of the losses, claims, damages or
        liabilities referred to in subsection (a) or (b) above (i) in such
        proportion as is appropriate to reflect the relative benefits
        received by NMG and the Seller, on the one hand, and the Initial
        Purchasers, on the other, from the offering of the Class A
        Certificates or (ii) if the allocation provided by clause (i)
        above is not permitted by applicable law, in such proportion as is
        appropriate to reflect not only the relative benefits referred to
        in clause (i) above but also the relative fault of NMG  and/or the
        Seller, on the one hand, and the Initial Purchasers, on the other,
        in connection with the statements or omissions which resulted in
        such losses, claims, damages or liabilities as well as any other
        relevant equitable considerations.  The relative benefits received
        by NMG and the Seller, on the one hand, and the Initial
        Purchasers, on the other, shall be deemed to be in the same
        proportion as the total net proceeds from the offering (before
        deducting expenses) received by NMG and the Seller bear to the
        total discounts and commissions received by the Initial
        Purchasers.  The relative fault shall be determined by reference
        to, among other things, whether the untrue or alleged untrue
        statement of a material fact or the omission or alleged omission
        to state a material fact relates to information supplied by NMG or
        the Seller, on the one hand, or by the Initial Purchasers, on the
        other, and the parties' relative intent, knowledge, access to
        information and opportunity to correct or prevent such untrue
        statement or omission.  The amount paid by an indemnified party as
        a result of the losses, claims, damages or liabilities referred to
        in the first sentence of this subsection (d) shall be deemed to
        include any legal or other expenses reasonably incurred by such
        indemnified party in connection with investigating or defending
        any action or claim which is the subject of this subsection (d).
        Notwithstanding the provisions of this subsection (d), no Initial
        Purchaser shall be required to contribute any amount in excess of
        the discount applicable to the Class A Certificates purchased by
        such Initial Purchaser hereunder.  No person guilty of fraudulent
        misrepresentation (within the meaning of Section 11(f) of the
        Securities Act) shall be entitled to contribution from any person
        who was not guilty of such fraudulent misrepresentation.  The
        Initial Purchasers' obligations pursuant to this subsection (d) to
        contribute are several in proportion to their respective purchase
        obligations and not joint.

             (e)  The obligations of NMG and the Seller under this
        Section 8 shall be in addition to any liability which NMG and the
        Seller may otherwise have and shall extend, upon the same terms
        and conditions, to each person, if any, who controls the Initial
        Purchasers within the meaning of the Securities Act; and the
        obligations of the Initial Purchasers under this Section 8 shall
        be in addition to any liability that the Initial Purchasers
        may otherwise have and shall extend, upon the same terms and
        conditions, to each director of NMG and the Seller, and to each
        person, if any, who controls NMG or the Seller within the meaning
        of the Securities Act.

        9.   Survival of Certain Representations and Obligations.  The
respective indemnities, agreements, representations, warranties and other
statements of NMG and the Seller and their respective officers and of the
Initial Purchasers set forth in or made pursuant to this Agreement will remain
in full force and effect, regardless of any investigation, or statement as to
the results thereof, made by or on behalf of the Initial Purchasers or NMG or
the Seller or any of their respective representatives, officers or directors
or any controlling person (within the meaning of the Securities Act), and will
survive delivery of and payment for the Class A Certificates.  If for any
reason the purchase of the Class A Certificates by the Initial Purchasers is
not consummated, NMG and the Seller shall remain responsible for the expenses
to be paid or reimbursed by NMG and the Seller pursuant to Section 6 hereof
and the respective obligations of NMG and the Seller and the Initial
Purchasers pursuant to Section 8 hereof shall remain in effect.  If the
purchase of the Class A Certificates by the Initial Purchasers is not
consummated for any reason or the occurrence of any event specified in clause
(iii) or (iv) of Section 7(b) hereof, NMG and the Seller, jointly and
severally, will reimburse the Initial Purchasers for all out-of-pocket
expenses (including fees and disbursements of counsel) reasonably incurred by
them in connection with the offering of the Class A Certificates.

        10.  Notices.  All communications hereunder will be in writing
and, if sent to the Initial Purchasers, will be mailed, delivered or
telecopied and confirmed to Deutsche Bank Securities Inc., at 31 West 52nd
Street, New York, New York 10019; if sent to the Seller, will be mailed,
delivered or telecopied and confirmed to it at Neiman Marcus Funding
Corporation, 1201 Elm Street, Dallas, Texas 75201, Attention of the Vice
President - Credit (facsimile no. 214-761-2650), and if sent to NMG, will be
mailed, delivered or telecopied and confirmed to it at 27 Boylston Street,
Chestnut Hill, Massachusetts 02167, Attention of the General Counsel
(facsimile no. 617-278-5567).

        11.  Successors.  This Agreement will inure to the benefit of and
be binding upon the parties hereto and their respective successors and the
officers and directors and controlling persons referred to in Section 8
hereof, and no other person will have any right or obligation hereunder.

        12.  Counterparts.  This Agreement may be executed in any number
of counterparts, each of which shall be deemed to be an original, but all such
counterparts shall together constitute one and the same Agreement.

        13.  Representation of Initial Purchasers.  Any action under this
Agreement taken by the Initial Purchasers jointly or by Deutsche Bank
Securities Inc. will be binding on the Initial Purchasers.

        14.  Applicable Law and Time.  THIS AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Unless otherwise set forth herein, specified times of day refer to New York
City time.

        15.  Entire Agreement.  This Agreement constitutes the entire
agreement and understanding between the parties hereto with respect to the
subject matter of this Agreement and supersedes all prior agreements or
understandings, written or oral, among the parties with respect to the subject
matter of this Agreement.

<PAGE>
        If the foregoing is in accordance with the Initial Purchasers
understanding of our agreement, kindly sign and return to us one of the
counterparts hereof, whereupon it will become a binding agreement between the
Seller and the Initial Purchasers in accordance with its terms.

                                Very truly yours,

                                NEIMAN MARCUS FUNDING CORPORATION

                                By: _____________________________
                                Name:
                                Title:

                                THE NEIMAN MARCUS GROUP, INC.

                                By: ____________________________
                                Name:
                                Title:

The foregoing Class A Purchase
Agreement is hereby confirmed
and accepted as of the date
first above written.

DEUTSCHE BANK SECURITIES INC.
CHASE SECURITIES INC.

By: Deutsche Bank Securities Inc.,
    as Representative of the Initial Purchasers

By: ______________________________
    Name:
    Title:

By: _____________________________
    Name:
    Title:Exhibit 10.16

                                               EXECUTION COPY

                   BERGDORF GOODMAN, INC.,

                            Seller

                             and

              NEIMAN MARCUS FUNDING CORPORATION,

                          Purchaser

                RECEIVABLES PURCHASE AGREEMENT

                   Dated as of July 2, 2000

                               
<PAGE>
                      TABLE OF CONTENTS

                                                           Page

ARTICLE I

DEFINITIONS. . . . . . . . . . . . . . . . . . . . . . . . . .1
          Section 1.1.   Definitions . . . . . . . . . . . . .1
          Section 1.2.   Other Definitional Provisions.  . . .3

ARTICLE II

PURCHASE AND CONVEYANCE OF RECEIVABLES . . . . . . . . . . . .4
          Section 2.1.   Purchase. . . . . . . . . . . . . . .4
          Section 2.2.   Addition of Additional Accounts . . .5

ARTICLE III

CONSIDERATION AND PAYMENT. . . . . . . . . . . . . . . . . . .6
          Section 3.1.   Purchase Price. . . . . . . . . . . .6
          Section 3.2.   Adjustments to Purchase Price . . . .6

ARTICLE IV

REPRESENTATIONS AND WARRANTIES . . . . . . . . . . . . . . . .7
          Section 4.1.   Representations and Warranties of BG Relating
          to BG.   . . . . . . . . . . . . . . . . . . . . . .7
          Section 4.2.   Representations and Warranties of BG Relating
          to the Agreement and the Receivables . . . . . . . .8
          Section 4.3.   Representations and Warranties
          of Funding                                         10

ARTICLE V

COVENANTS. . . . . . . . . . . . . . . . . . . . . . . . . . 11
          Section 5.1.   BG Covenants. . . . . . . . . . . . 11

ARTICLE VI

REPURCHASE OBLIGATION. . . . . . . . . . . . . . . . . . . . 14
          Section 6.1.   Reassignment of Ineligible
                         Receivables                         14
          Section 6.2.   Reassignment of Certificateholders' Interest
                         in Trust Portfolio  . . . . . . . . 14

ARTICLE VII

     CONDITIONS PRECEDENT. . . . . . . . . . . . . . . . . . 15
          Section 7.1.   Conditions to Funding's Obligations Regarding
          Initial    Receivables . . . . . . . . . . . . . . 15
          Section 7.2.   Conditions to Funding's Obligations Regarding
          Additional Receivables . . . . . . . . . . . . . . 15
          Section 7.3.   Conditions Precedent to Obligations of BG16

ARTICLE VIII

TERM AND PURCHASE TERMINATION. . . . . . . . . . . . . . . . 16
          Section 8.1.   Term. . . . . . . . . . . . . . . . 16
          Section 8.2.   Purchase Termination. . . . . . . . 17

ARTICLE IX

MISCELLANEOUS PROVISIONS . . . . . . . . . . . . . . . . . . 17
          Section 9.1.   Amendment . . . . . . . . . . . . . 17
          Section 9.2.   GOVERNING LAW . . . . . . . . . . . 18
          Section 9.3.   Notices . . . . . . . . . . . . . . 18
          Section 9.4.   Severability of Provisions. . . . . 18
          Section 9.5.   Assignment, Sale of Accounts. . . . 18
          Section 9.6.   Acknowledgement and Agreement of BG 19
          Section 9.7.   Further Assurances. . . . . . . . . 20
          Section 9.8.   No Waiver; Cumulative Remedies. . . 20
          Section 9.9.   Counterparts. . . . . . . . . . . . 20
          Section 9.10.  Binding Third-Party Beneficiaries . 20
          Section 9.11.  Merger and Integration. . . . . . . 20
          Section 9.12.  Headings. . . . . . . . . . . . . . 20
          Section 9.13.  Schedules and Exhibits. . . . . . . 20
          Section 9.14.  Survival of Representations and
                         Warranties                          21

Exhibit A -    Form of Supplemental Conveyance

SCHEDULE
Schedule 1 -   List of Accounts [Deemed Incorporated by Reference]

     RECEIVABLES PURCHASE AGREEMENT, dated as of July 2, 2000, by and
between BERGDORF GOODMAN, INC., a New York corporation ("BG"), and NEIMAN
MARCUS FUNDING CORPORATION, a Delaware corporation ("Funding").

                      W I T N E S S E T H:

     WHEREAS, Funding desires to purchase, from time to time, certain
Receivables (hereinafter defined) arising in certain Accounts (hereinafter
defined) of BG generated on or before the Initial Cut-Off Date (hereinafter
defined), or to be generated after the Initial Cut-Off date, by BG;

     WHEREAS, BG desires to sell from time to time and assign such
Receivables to Funding upon the terms and conditions hereinafter set forth;

     WHEREAS, it is contemplated that the Receivables purchased hereunder
will be transferred by Funding to the Trust (hereinafter defined) in
connection with the issuance of certain Certificates (hereinafter defined);
and

     WHEREAS, BG agrees that all covenants and agreements made by BG herein
with respect to the Accounts (hereinafter defined) and Receivables shall also
be for the benefit of the Trustee (hereinafter defined) and all holders of
the Certificates.

     NOW, THEREFORE, it is hereby agreed by and between Funding and BG as
follows:

                          ARTICLE I

                         DEFINITIONS

     Section 1.1.   Definitions.  Each capitalized term used herein or in
any certificate, document, or Conveyance Paper made or delivered pursuant
hereto, and not defined herein or therein, shall have the meaning specified
in the Pooling and Servicing Agreement.  In addition, the following words and
phrases shall have the following meanings:

     "Account" shall mean (a) each revolving credit account or other
consumer revolving credit or installment account established pursuant to an
Account Agreement between BG and any Person and identified by account
number and by the receivables balance in a computer file, microfiche list
or printed list delivered to Funding by BG (and, in turn to the Trustee by
Funding pursuant to Section 2.01 of the Pooling and Servicing Agreement) on
or prior to the Closing Date, (b) each Additional Account, (c) any account
originated as a replacement of an Account in connection with the upgrade of
such Account to premium status (provided that such a replacement account
can be traced or identified by reference to, or by way of, the applicable
computer file, microfiche list or printed list previously delivered
pursuant hereto), (d) each account into which an Account shall be
transferred (a "Transferred Account") provided that (i) such transfer was
made in accordance with the Account Guidelines and (ii) such account can be
traced or identified as an account into which an Account has been
transferred, and (e) each surviving account resulting from the combination,
in accordance with the Account Guidelines, of two or more of the Accounts
but shall exclude (f) any Account all of the Receivables of which are
either: (i) after the Removal Date, removed by Funding pursuant to Section
2.10 of the Pooling and Servicing Agreement, (ii) reassigned to Funding
pursuant to Section 2.05 of the Pooling and Servicing Agreement or (iii)
assigned and transferred to the Servicer pursuant to Section 3.03 of the
Pooling and Servicing Agreement.

     "Addition Date" shall mean (a) with respect to any Additional
Accounts designated by Funding pursuant to Section 2.09(a), (b) or (d) of
the Pooling and Servicing Agreement, the date from and after which such
Additional Accounts are to be included as Accounts pursuant to Section
2.09(a), (b) or (d) of the Pooling and Servicing Agreement and (b) with
respect to any Participation Interests, the date from and after which such
Participation Interests are to be included as assets of the Trust pursuant
to Section 2.09(a) or (b) of the Pooling and Servicing Agreement.

     "Addition Notice Date" shall have the meaning specified in Section
2.2 of this Agreement.

     "Agreement" shall mean this Receivables Purchase Agreement and all
amendments hereof and supplements hereto.

     "BG" shall mean Bergdorf Goodman, Inc., a New York corporation.

     "Closing Date" shall mean July 2, 2000.

     "Conveyance" shall have the meaning specified in Section 2.1(a).

     "Conveyance Papers" shall have the meaning specified in Section 4.1(c).

     "Credit Adjustment" shall have the meaning specified in Section 3.2.

     "Debtor Relief Laws" shall mean (i) the Bankruptcy Code of the United
States of America and (ii) all other applicable liquidation, conservatorship,
bankruptcy, moratorium, rearrangement, receivership, insolvency,
reorganization, suspension of payments, readjustment of debt, marshalling of
assets or similar debtor relief laws of the United States, any state or any
foreign country from time to time in effect affecting the rights of creditors
generally.

     "Funding" shall mean Neiman Marcus Funding Corporation, a Delaware
corporation.

     "Initial Account" shall mean any Account in existence on the Closing
Date.

     "Initial Cut-Off Date" shall mean the close of business on July 1,
2000.

     "Insolvency Event" shall have the meaning specified in Section 8.2.

     "New Principal Receivables" shall have the meaning set forth in Section
3.1.

     "Pooling and Servicing Agreement" shall mean the Pooling and
Servicing Agreement, dated as of March 1, 1995 and amended and restated as
of July 2, 2000, among The Neiman Marcus Group, Inc., as Servicer, Funding,
as Seller and the Trustee, and all amendments and supplements thereto.

     "Portfolio Reassignment Price" shall mean the portion of the amount
payable by Funding to the Trustee pursuant to Section 2.06 of the Pooling and
Servicing Agreement.

     "Purchase Price" shall have the meaning set forth in Section 3.1.

     "Purchased Assets" shall have the meaning set forth in Section 2.1.

     "Receivables" shall mean "Receivables" (as such term is defined in
the Pooling and Servicing Agreement) existing or created after the Initial
Cut-Off Date in respect of the Initial Accounts or the Additional Cut-Off
Date in respect of Additional Accounts.

     "Repurchase Price" shall have the meaning set forth in Section 6.1.

     "Supplemental Conveyance" shall have the meaning set forth in Section
2.2.

     "Trust" shall mean the trust created by the Pooling and Servicing
Agreement.

     "Trustee" shall mean The Bank of New York, a New York banking
corporation, as, and acting in the capacity of, Trustee under the Pooling
and Servicing Agreement, or its successor-in-interest, or any successor
trustee appointed in accordance with the Pooling and Servicing Agreement.

     Section 1.2.   Other Definitional Provisions.  (a)  Each capitalized
term defined in this Agreement shall have the defined meaning when used in
any certificate, other document, or Conveyance Paper made or delivered
pursuant hereto unless otherwise defined therein.

     (b)  The words "hereof," "herein" and "hereunder" and words of similar
import when used in this Agreement or any Conveyance Paper shall refer to
this Agreement as a whole and not to any particular provision of this
Agreement; and Section, Subsection, Schedule and Exhibit references contained
in this Agreement are references to Sections, Subsections, Schedules and
Exhibits in or to this Agreement unless otherwise specified.

     (c)  All determinations of the principal or finance charge balance of
Receivables, and of any collections thereof, shall be made in accordance with
the Pooling and Servicing Agreement and all applicable Supplements.

     (d)  As used in this Agreement and in any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms not
defined in this Agreement or in any such certificate or other document, and
accounting terms partly defined in this Agreement or in any such certificate
or other document to the extent not defined, shall have the respective
meanings given to them under generally accepted accounting principles.  To
the extent that the definitions of accounting terms in this Agreement or in
any such certificate or other document are inconsistent with the meanings of
such terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document
shall control.

     (e)  Any reference to each Rating Agency shall only apply to any
specific rating agency if such rating agency is then rating any outstanding
Series.

     (f)  Unless otherwise specified, references to any amount as on
deposit or outstanding on any particular  date shall mean such amount at the
close of business on such day.

                           ARTICLE II

             PURCHASE AND CONVEYANCE OF RECEIVABLES

     Section 2.1.   Purchase.  (a) By execution of this Agreement,
BG does hereby sell, transfer, assign, set over and otherwise convey to
Funding (collectively, the "Conveyance"), without recourse all of its
right, title and interest in, to and under (i) the Receivables now existing
or hereafter created from time to time under the Initial Accounts prior to
the termination of this Agreement pursuant to Article VIII hereof, (ii) all
Recoveries allocable to the foregoing Accounts and all Recoveries which are
identified as relating to specific Defaulted Receivables and (iii) all
monies due or to become due thereunder and all amounts received with
respect thereto and all proceeds (including, without limitation, "proceeds"
as such term is defined in the UCC) thereof (the "Purchased Assets").

     (b)  In connection with such Conveyance, BG agrees (i) to record and
file, at its own expense, any financing statements (and continuation
statements with respect to such financing statements when applicable) and to
take such other action with respect to the Receivables now existing and
hereafter created, meeting the requirements of applicable state law in such
manner and in such jurisdictions as are necessary to perfect, and maintain
perfection of, the Conveyance of such Purchased Assets from BG to Funding on
and after the Closing Date, (ii) that such financing statements shall name
BG, as seller, and Funding, as purchaser, of the Receivables and (iii) to
deliver a file-stamped copy of such financing statements or other evidence of
such filings (excluding such continuation statements, which shall be
delivered as filed) to Funding (or to the Trustee, if Funding so directs) as
soon as is practicable after filing.

     (c)  In connection with such Conveyance, BG further agrees that it
will, at its own expense, on or prior to the Closing Date, (i) indicate in
its computer files or microfiche or printed lists that Receivables created in
connection with the Initial Accounts have been conveyed (a) to Funding
pursuant to this Agreement and (b) by Funding to the Trustee pursuant to the
Pooling and Servicing Agreement for the benefit of the Certificateholders by
including (or deleting, in the case of Removed Accounts) in such computer
files and microfiche or printed lists the code or other notation identifying
each such Account and (ii) deliver to Funding on or prior to the Closing Date
a computer file or microfiche or printed list containing a true and complete
list of all such Initial Accounts specifying for each such Account, as of the
Initial Cut-Off Date (A) its account number, (B) the aggregate amount
outstanding in such Account and (C) the aggregate amount of Principal
Receivables in such Initial Account.  Such computer files or microfiche or
printed lists, as supplemented from time to time to reflect Additional
Accounts or Removed Accounts, shall be marked as Schedule I to this
Agreement, shall be delivered to Funding (or to the Trustee, if so directed
by Funding) and marked as proprietary and confidential, and are hereby
incorporated into and made a part of this Agreement.  BG further agrees not
to alter the code or other notation referenced in clause (i) of this
paragraph with respect to any Account during the term of this Agreement
unless and until (x) such Account becomes a Removed Account or (y) BG shall
have delivered to Funding and the Trustee at least 30 days' prior written
notice of its intention to do so and has taken such action as is necessary or
advisable to cause the respective interests of Funding and the Trustee in the
Receivables and other Trust Assets to continue to be perfected with the
priority required by this Agreement and the Pooling and Servicing Agreement,
respectively.

     (d)  It is the intention of the parties hereto that the conveyance of
the Receivables and the other Purchased Assets by BG to Funding as provided
in this Section 2.1 be, and be construed as, an absolute sale of the
Receivables by BG to Funding.  Furthermore, it is not intended that such
conveyance be deemed a pledge of the Receivables and the other Purchased
Assets by BG to Funding to secure a debt or other obligation of BG.  This
Agreement shall also be deemed to be a security agreement within the meaning
of Article 9 of the UCC and the conveyance provided for in this Section 2.1
shall be deemed to be a grant by BG to Funding of a "security interest"
within the meaning of Article 9 of the UCC in all of BG's right, title and
interest in and to the Receivables and the other Purchased Assets and all
amounts payable to the holders of the Receivables after the Closing Date in
accordance with the terms thereof and all proceeds of the conversion,
voluntary or involuntary, of the foregoing into cash, instruments, securities
or other property.

     Section 2.2.   Addition of Additional Accounts.  (a) If, from time
to time, Funding becomes obligated to designate Additional Accounts pursuant
to Section 2.09(a) of the Pooling and Servicing Agreement, then Funding shall
give BG written notice thereof on or before the eighth Business Day (the
"Addition Notice Date") prior to the Addition Date therefor, and BG shall on
or before the Addition Date designate sufficient Eligible Accounts to be
included as Accounts so that after the inclusion thereof Funding will be in
compliance with the requirements of Section 2.09 of the Pooling and Servicing
Agreement.  BG shall have sole responsibility for selecting such Additional
Accounts and shall on or prior to the Addition Date therefor execute and
deliver to Funding a written assignment from BG to Funding in substantially
the form of Exhibit A (the "Supplemental Conveyance").  Upon such
designation, such Additional Accounts shall be deemed to be Accounts
hereunder.

     (b) Subject to the limitations set forth in Section 2.09(d) of the
Pooling and Servicing Agreement and in any Supplement, Automatic Additional
Accounts shall be included as Accounts from and after the date of creation
thereof (other than any such date of creation falling during each period
beginning on an Automatic Addition Termination Date or an Automatic Addition
Suspension Date and ending on the day immediately preceding a Restart Date).

                          ARTICLE III

                   CONSIDERATION AND PAYMENT

     Section 3.1.   Purchase Price.  The "Purchase Price" for the
Receivables which came into existence on or prior to the Closing Date
conveyed to Funding under this Agreement shall be payable in cash on the
Closing Date and shall be an amount equal to 100% of Principal Receivables
so conveyed, adjusted to reflect such factors as BG and Funding mutually
agree will result in a Purchase Price determined to approximate the fair
market value of such Receivables.  Such computation of initial purchase
price shall assume no reinvestment in new Receivables.  The Purchase Price
for the Receivables (including Receivables in Additional Accounts) to be
conveyed to Funding under this Agreement that come into existence after the
Closing Date shall be payable on the Distribution Date following the
Monthly Period during which such Receivables are conveyed by BG to Funding
in an amount equal to 100% of the Principal Receivables so conveyed (the
"New Principal Receivables"), adjusted to reflect such factors as BG and
Funding mutually agree will result in a Purchase Price determined to
approximate the fair market value of such New Principal Receivables.

     Section 3.2.   Adjustments to Purchase Price.  The Purchase Price
shall be adjusted on each Distribution Date (a "Credit Adjustment") with
respect to any Receivable previously conveyed to Funding by BG which has
since been reduced by BG or the Servicer because of a rebate, refund,
unauthorized charge or billing error to a cardholder because such Receivable
was created in respect of merchandise that was refused or returned by a
cardholder.  The amount of such adjustment shall equal (x) the reduction in
the principal balance of such Receivable resulting from the occurrence of
such event multiplied by (y) a fraction, the numerator of which is the
Purchase Price paid with respect to all Receivables on the Payment Date on
which such Receivables were purchased computed in accordance with Section 3.1
and the denominator of which is the aggregate face amount of the Principal
Receivables paid for on such date pursuant to such Section.  In the event
that an adjustment pursuant to this Section 3.2 causes the Purchase Price to
be a negative number, BG agrees that, not later than 11:00 A.M. New York City
time on such Distribution Date, BG shall pay to Funding, by making a deposit
into the Collection Account in same-day funds, an amount equal to the amount
by which the Purchase Price minus the Credit Adjustment would be reduced
below zero.

                           ARTICLE IV

                 REPRESENTATIONS AND WARRANTIES

     Section 4.1.   Representations and Warranties of BG Relating to BG.
BG hereby represents and warrants to, and agrees with, Funding as of the
Closing Date and on each Addition Date, that:

     (a)  Organization and Good Standing.  BG is a corporation validly
existing in good standing under the laws of the State of New York, and has
full corporate power, authority and legal right to own its properties and
conduct its business as such properties are presently owned and such business
is presently conducted, and to execute, deliver and perform its obligations
under this Agreement.

     (b)  Due Qualification.  BG is duly qualified to do business and is
in good standing as a foreign corporation (or is exempt from such
requirements), and has obtained all necessary licenses and approvals in
each jurisdiction in which failure to so qualify or to obtain such licenses
and approvals would render any Account Agreement relating to an Account
owned by BG or any Receivable unenforceable by BG, the  Seller, the
Servicer or the Trustee or would have a material adverse effect on the
interests of the Investor Certificateholders.

     (c)  Due Authorization.  The execution, delivery and performance of
this Agreement and any other document or instrument delivered pursuant hereto
(such other documents or instruments, collectively, the "Conveyance Papers")
and the consummation of the transactions provided for in this Agreement or
any other Conveyance Papers have been duly authorized by all necessary
corporate action on the part of BG.

     (d)  No Conflict.  The execution and delivery of this Agreement and
the Conveyance Papers by BG, the performance of the transactions contemplated
by this Agreement and the Conveyance Papers, and the fulfillment of the terms
of this Agreement and the Conveyance Papers applicable to BG will not
conflict with, violate or result in any breach of any of the material terms
and provisions of, or constitute (with or without notice or lapse of time or
both) a material default under, any indenture, contract, agreement, mortgage,
deed of trust, or other instrument to which BG is a party or by which it or
any of its properties are bound.

     (e)  No Violation.  The execution, delivery and performance of this
Agreement and the Conveyance Papers by BG and the fulfillment by BG of the
terms hereof and thereof will not conflict with or violate any Requirements
of Law applicable to BG.

     (f)  No Proceedings.  There are no proceedings or investigations
pending or, to the best knowledge of BG, threatened against BG, before any
court, regulatory body, administrative agency or other tribunal or
governmental instrumentality (i) asserting the invalidity of this Agreement
or any of the Conveyance Papers, (ii) seeking to prevent the consummation of
any of the transactions contemplated by this Agreement or any of the
Conveyance Papers, (iii) seeking any determination or ruling that, in the
reasonable judgment of BG, would materially and adversely affect the
performance by BG of its obligations under this Agreement or any of the
Conveyance Papers, (iv) seeking any determination or ruling that would
materially and adversely affect the validity or enforceability of this
Agreement or any of the Conveyance Papers or (v) seeking to affect adversely
the income tax attributes of the Trust under United States Federal or
applicable state income or franchise tax systems.

     (g)  All Consents.  All approvals, authorizations, consents, orders or
registrations or declarations with any Person or any governmental body or
official required in connection with the execution and delivery by BG of this
Agreement or any of the Conveyance Papers and the performance of the
transactions contemplated by this Agreement or any of the Conveyance Papers
by BG have been duly obtained, effected or given and are in full force and
effect.

     (h)  Insolvency.  BG is not insolvent and no Insolvency Event with
respect to BG has occurred, and the transfer of the Receivables by BG to
Funding contemplated hereby has not been made in contemplation of such
insolvency or Insolvency Event.

     The representations and warranties set forth in this Section 4.1
shall survive the transfer and assignment of the Receivables to Funding.
Upon discovery by BG or Funding of a breach of any of the foregoing
representations and warranties, the party discovering such breach shall
give written notice to the other party within three Business Days following
such discovery.  BG agrees to cooperate with Funding and the Trustee in
attempting to cure any such breach.

     Section 4.2.   Representations and Warranties of BG Relating to the
Agreement and the Receivables.

     (a)  Representations and Warranties.  BG hereby represents and
warrants to Funding as of the date of this Agreement, as of the Closing Date
and, with respect to Additional Accounts, as of the related Addition Date
that:

          (i)  this Agreement and, in the case of Additional Accounts, the
     related Supplemental Conveyance, each constitute a valid and binding
     obligation of BG enforceable against BG in accordance with its terms,
     except as such enforceability may be limited by applicable bankruptcy,
     insolvency, reorganization, moratorium or other similar laws now or
     hereafter in effect affecting the enforcement of creditors rights in
     general and except as such enforceability may be limited by general
     principles of equity (whether considered in a suit at law or in
     equity);

          (ii) as of the Initial Cut-Off Date, and as of the related
     Addition Date with respect to Additional Accounts, Schedule I to this
     Agreement and the related computer file, microfiche list or printed
     list delivered pursuant to this Agreement, as supplemented to such
     date, is an accurate and complete listing in all material respects of
     all the Accounts as of the Initial Cut-Off Date or such Additional Cut-
     Off Date, as the case may be, and the information contained therein
     with respect to the identity of such Accounts and the Receivables
     existing thereunder is true and correct in all material respects as of
     the Initial Cut-Off Date or such applicable Additional Cut-Off Date, as
     the case may be;

          (iii)     BG is the legal and beneficial owner of all right, title
     and interest in and to each Receivable, BG has the full right, power
     and authority to transfer the Receivables pursuant to this Agreement;
     and each Receivable conveyed to Funding by BG has been conveyed to
     Funding free and clear of any Lien of any Person claiming through or
     under BG or any of its Affiliates (other than Liens permitted under
     Section 5.1(b)) and in compliance, in all material respects, with all
     Requirements of Law applicable to BG;

          (iv) all authorizations, consents, orders, approvals or
     authorizations of or registrations or declarations with any
     Governmental Authority required to be obtained, effected or given by BG
     in connection with the conveyance of each Receivable to Funding have
     been duly obtained, effected or given and are in full force and effect;

          (v)  this Agreement or, in the case of Additional Accounts, the
     related Supplemental Conveyance constitutes a valid transfer and
     assignment to Funding of all right, title and interest of BG in and to
     the Receivables and the other Purchased Assets, all monies due or to
     become due with respect thereto and all proceeds thereof, and, in the
     case of Additional Accounts, the related Supplemental Conveyance, will
     constitute, at the time of such addition, an absolute sale of such
     property and the proceeds thereof.  Upon the filing of the financing
     statements pursuant to Section 2.1(a) and, in the case of Receivables
     hereafter created and the proceeds thereof, upon the creation thereof,
     Funding shall have a first-priority security interest in such property
     and proceeds (as defined in the UCC) except for Liens permitted by
     Section 5.1(b);

          (vi) except as otherwise expressly provided in this Agreement,
     the Pooling and Servicing Agreement or any Supplement, neither BG nor
     any Person claiming through or under BG has any claim to or interest in
     the Collection Account, the Special Funding Account, any Series Account
     or any Series Enhancement;

          (vii)     on the Initial Cut-Off Date, each Initial Account is an
     Eligible Account and, on the applicable Additional Cut-Off Date, each
     related Additional Account is an Eligible Account;

          (viii)    on the Initial Cut-Off Date, each Receivable then
     existing is an Eligible Receivable, and, on the applicable Additional
     Cut-Off Date, each Receivable contained in any related Additional
     Account is an Eligible Receivable;

          (ix) as of the date of the creation of any new Receivable, such
     Receivable is an Eligible Receivable; and

          (x)  no selection procedure has been utilized by BG that BG
     reasonably believes would result in a selection of Initial Accounts
     (from among the available Eligible Accounts owned by BG on the Trust
     Cut-Off Date) that would be materially adverse to the interests of the
     Investor Certificateholders.

     (b)  Notice of Breach.  The representations and warranties set forth
in this Section 4.2 shall survive the transfer and assignment of the
Receivables to Funding.  Upon discovery by either BG or Funding of a breach
of any of the representations and warranties set forth in this Section 4.2,
the party discovering such breach shall give written notice to the other
party within three Business Days following such discovery; provided that the
failure to give notice within three Business Days does not preclude
subsequent notice.  BG hereby acknowledges that Funding intends to rely on
the representations hereunder in connection with representations made by
Funding to secured parties, assignees or subsequent transferees including but
not limited to transfers made by Funding to the Trust pursuant to the Pooling
and Servicing Agreement.  BG agrees to cooperate with Funding and the Trustee
in attempting to cure any such breach.

     Section 4.3.   Representations and Warranties of Funding.  As of the
Closing Date, Funding hereby represents and warrants to, and agrees with, BG
that:

     (a)  Organization and Good Standing.  Funding is a corporation validly
existing in good standing under the laws of the State of Delaware and has
full power and authority to own its properties and conduct its business as
such properties are presently owned and such business is presently conducted
and to execute, deliver and perform its obligations under this Agreement and
the Conveyance Papers.

     (b)  Due Authorization.  The execution and delivery of this Agreement
and the Conveyance Papers and the consummation of the transactions provided
for in this Agreement and the Conveyance Papers have been duly authorized by
Funding by all necessary corporate action on the part of Funding.

     (c)  No Conflict.  The execution and delivery of this Agreement and
the Conveyance Papers, the performance of the transactions contemplated by
this Agreement and the Conveyance Papers, and the fulfillment of the terms
hereof and thereof, will not conflict with, result in any breach of any of
the material terms and provisions of, or constitute (with or without notice
or lapse of time or both) a material default under, any indenture, contract,
agreement, mortgage, deed of trust or other instrument to which Funding is a
party or by which it or any of its properties are bound.

     (d)  No Violation.  The execution, delivery and performance of this
Agreement and the Conveyance Papers by Funding and the fulfillment of the
terms contemplated herein and therein applicable to Funding will not conflict
with or violate any Requirements of Law applicable to Funding.

     (e)  No Proceedings.  There are no proceedings or investigations
pending or, to the best knowledge of Funding, threatened against Funding,
before any court, regulatory body, administrative agency, or other tribunal
or governmental instrumentality (i) asserting the invalidity of this
Agreement or any of the Conveyance Papers, (ii) seeking to prevent the
consummation of any of the transactions contemplated by this Agreement or any
of the Conveyance Papers, (iii) seeking any determination or ruling that, in
the reasonable judgment of Funding, would materially and adversely affect the
performance by Funding of its obligations under this Agreement or any of the
Conveyance Papers or (iv) seeking any determination or ruling that would
materially and adversely affect the validity or enforceability of this
Agreement or any of the Conveyance Papers.

     (f)  All Consents.  All authorizations, consents, orders or approvals
of or registrations or declarations with any Governmental Authority required
to be obtained, effected or given by Funding in connection with the execution
and delivery by Funding of this Agreement and the Conveyance Papers and the
performance of the transactions contemplated by this Agreement and the
Conveyance Papers or the fulfillment of the terms of this Agreement and the
Conveyance Papers by Funding have been duly obtained, effected or given and
are in full force and effect.

     The representations and warranties set forth in this Article IV shall
survive the Conveyance of the Receivables to Funding and termination of the
rights and obligations of Funding and BG under this Agreement.  Upon
discovery by Funding or BG of a breach of any of the foregoing
representations and warranties, the party discovering such breach shall give
prompt written notice to the other party.

                           ARTICLE V

                           COVENANTS

     Section 5.1.   BG Covenants.  BG hereby covenants and agrees with
Funding as follows:

     (a)  Receivables not to be Evidenced by Promissory Notes.  Except in
connection with the enforcement or collection of an Account, BG will take no
action to cause any Receivable transferred by it pursuant hereto to be
evidenced by any "instrument", other than an instrument that, taken together
with one or more other writings constitutes chattel paper  (as such terms are
defined in the UCC) and, if any such Receivable is so evidenced (whether or
not in connection with the enforcement or collection of an Account), it shall
be deemed to be an Ineligible Receivable in accordance with Section 6.1(a)
and shall be reassigned to the Seller in accordance with Section 6.1(b).

     (b)  Security Interests.  Except for the conveyances hereunder or as
otherwise provided herein, BG will not sell, pledge, assign or transfer to
any other Person, or grant, create, incur, assume or suffer to exist, any
Lien on any Receivable, whether now existing or hereafter created, or any
interest therein; and BG will immediately notify Funding of the existence of
any Lien on any Receivable; and BG shall defend the right, title and interest
of Funding in, to and under the Receivables, whether now existing or
hereafter created, against all claims of third parties claiming through or
under BG; provided, however, that nothing in this Section 5.1(b) shall
prevent or be deemed to prohibit BG from suffering to exist upon any of the
Receivables any Lien for taxes if such taxes shall not at the time be due and
payable or if the Seller shall currently be contesting the validity thereof
in good faith by appropriate proceedings and shall have set aside on its
books adequate reserves with respect thereto.

     (c)  BG's Interest.  Except for the conveyances hereunder and in
connection with any transaction permitted pursuant to Section 9.5 or the
Pooling and Servicing Agreement, BG hereby agrees not to transfer, assign,
exchange or otherwise convey or pledge, hypothecate or otherwise grant a
security interest in the Accounts and any such attempted transfer,
assignment, exchange, conveyance, pledge, hypothecation or grant shall be
void.

     (d)  Account Allocations.  In the event that BG is unable for any
reason to transfer Receivables to Funding in accordance with the provisions
of this Agreement (including, without limitation, by reason of the
application of the provisions of Section 8 or any Governmental Authority
having regulatory authority over BG or any court of competent jurisdiction
ordering that BG not transfer any additional Principal Receivables to
Funding) then, in any such event, BG agrees (except as prohibited by any such
order) to allocate and pay to Funding, after the date of such inability, all
amounts in the manner by which Funding will allocate and pay to the Trust
after such inability by Funding pursuant to Section 2.11 of the Pooling and
Servicing Agreement.

     (e)  Delivery of Collections or Recoveries.  If BG receives
Collections or Recoveries, BG agrees to pay to Funding (or to the Servicer if
Funding so directs) all such Collections and Recoveries as soon as
practicable after receipt thereof but in no event later than two Business
Days after the Date of Processing by BG.

     (f)  Notice of Liens.  BG shall notify Funding promptly after becoming
aware of any Lien on any Receivable other than the conveyances hereunder or
any Lien permitted under Section 5.1(b) hereof or Section 2.07(b) of the
Pooling and Servicing Agreement.

     (g)  Periodic Rate Finance Charges. (i) Except (x) as otherwise
required by any Requirement of Law or (y) as is deemed by BG in its sole
discretion to be necessary, it shall not at any time reduce the annual
percentage rates of the Periodic Finance Charges assessed on the Receivables
or other fees charged on any of the Accounts if, as a result of any such
reduction, either (i) BG's reasonable expectation is that such reduction will
cause a Pay Out Event to occur or (ii) such reduction is not also applied to
any comparable segment of consumer revolving credit card accounts or other
consumer revolving credit or installment accounts owned by BG which have
characteristics the same as, or substantially similar to, such Accounts.

     (h)  Account Agreements and Guidelines.  BG shall comply with and
perform its obligations under the Account Agreements relating to the Accounts
and the Account Guidelines except insofar as any failure to so comply or
perform would not materially and adversely affect the rights of Funding
hereunder and the rights of the Trust or the Certificateholders under the
Pooling and Servicing Agreement or the Certificates.  Subject to compliance
with all Requirements of Law, BG may change the terms and provisions of the
Account Agreements or the Account Guidelines with respect to any of the
Accounts in any respect (including the calculation of the amount, or the
timing, of charge-offs and the Periodic Finance Charges and other fees to be
assessed thereon) only if in the reasonable judgment of BG such change is
made applicable to any comparable segment of the consumer revolving credit
card accounts or other consumer revolving credit or installment accounts
owned by BG that have characteristics the same as, or substantially similar
to, such Accounts.

     (i)  Documentation of Transfer.  BG shall cause to be executed,
delivered and/or filed any documents (including financing statements and/or
continuation statements under the UCC) that would be necessary to perfect and
maintain the security interest in and to the Purchased Assets contemplated by
this Agreement.

     (j)  Approval of Official Records.  The execution, delivery and
performance of BG's obligations under this Agreement, and the transactions
contemplated hereby, have been duly approved by BG's Board of Directors.

     (k)  Sale.  BG agrees to treat the Conveyance, for all purposes
(including all relevant tax and financial accounting purposes) as a sale on
all federal and state tax returns, financial statements and other applicable
documents.

     (l)  Continuous Perfection.  BG shall not change its name, identity or
structure in any manner that might cause any financing or continuation
statement filed pursuant to this Agreement to be misleading within the
meaning of Section 9-402(7) of the UCC (or any other then applicable
provision of the UCC) unless BG shall have delivered to Funding at least 30
days' prior written notice thereof and, no later than 30 days after making
such change, shall have taken all action necessary or advisable to amend such
financing statement or continuation statement so that it is not misleading.
BG shall not change its chief executive office or change the location of its
principal records concerning the Receivables or the Collections unless it has
delivered to Funding at least 30 days' prior written notice of its intention
to do so and has taken such action as is necessary or advisable to cause the
interest of Funding in the Receivables and other Purchased Assets to continue
to be perfected with the priority required by this Agreement.

                           ARTICLE VI

                     REPURCHASE OBLIGATION

     Section 6.1.   Reassignment of Ineligible Receivables. (a) In the
event any representation or warranty under Section 4.2(a)(ii), (iii), (iv),
(vii), (viii) or (ix) is not true and correct in any material respect as of
the date specified therein with respect to any Receivable or any related
Account and as a result thereof Funding is required to accept reassignment of
Ineligible Receivables previously sold by BG to Funding pursuant to Section
2.05(a) of the Pooling and Servicing Agreement, BG shall accept reassignment
of Funding's interest in such Ineligible Receivables on the terms and
conditions set forth in Section 6.1(b).

     (b)  BG shall accept the reassignment from Funding of any Ineligible
Receivables previously sold by BG to Funding on or prior to the end of the
Monthly Period in which such reassignment obligation arises, and shall pay
for such reassigned Ineligible Receivables by treating such Ineligible
Receivables as if they were subject to a reversal of the entire unpaid
principal balance thereof plus accrued and unpaid finance charges at the
annual percentage rate applicable to such Receivables from the last date
billed through the end of such Monthly Period and by adjusting the purchase
price of future Receivables purchased as provided in Section 3.2 (the
"Repurchase Price").  Upon any such reassignment of Ineligible Receivables,
Funding shall automatically and without further action be deemed to sell,
transfer, assign, set-over and otherwise convey to BG, without recourse,
representation or warranty, all the right, title and interest of Funding in
and to such Ineligible Receivables, all monies due or to become due with
respect thereto and all proceeds thereof; and such reassigned Ineligible
Receivables shall be treated by Funding as collected in full as of the date
on which they were transferred.  Funding shall execute such documents and
instruments of transfer or assignment and take such other actions as shall
reasonably be requested by BG to effect the reassignment to BG of such
Ineligible Receivables pursuant to this subsection.

     Section 6.2.   Reassignment of Certificateholders' Interest in Trust
Portfolio.  In the event any representation or warranty set forth in Section
4.1(a) or (c) or Section 4.2(a)(i), (v) or (vi) is not true and correct in
any material respect and as a result thereof Funding is required to accept a
reassignment of the Receivables transferred to the Trust by Funding pursuant
to Section 2.06 of the Pooling and Servicing Agreement, BG shall be obligated
to accept a reassignment of Funding's interest in such Receivables on the
terms set forth below.

     BG shall pay to Funding by depositing in the Collection Account in
same-day funds, not later than 12:00 noon New York City time, on the
Distribution Date following the Monthly Period in which such reassignment
obligation arises, in payment for such reassignment, an amount equal to the
Portfolio Reassignment Price.

                          ARTICLE VII

                      CONDITIONS PRECEDENT

     Section 7.1.   Conditions to Funding's Obligations Regarding Initial
Receivables.  The obligations of Funding to purchase the Receivables in the
Initial Accounts on the Closing Date shall be subject to the satisfaction of
the following conditions:

     (a)  All representations and warranties of BG contained in this
Agreement shall be true and correct on the Closing Date with the same effect
as though such representations and warranties had been made on such date;

     (b)  All information concerning the Initial Accounts provided to
Funding shall be true and correct as of the Initial Cut-Off Date in all
material respects;

     (c)  BG shall have (i) delivered to Funding (or to the Trustee, if
Funding so directs) a computer file, microfiche list or printed list
containing a true and complete list of all Initial Accounts identified by
account number and by the Receivables balance as of the Initial Cut-Off Date
and (ii) substantially performed all other obligations required to be
performed by the provisions of this Agreement;

     (d)  BG shall have recorded and filed, at its expense, any UCC-1 or
other financing statement with respect to the Receivables (other than
Receivables in Additional Accounts) now existing and hereafter created for
the transfer of accounts (as defined in Section 9-106 of the UCC) meeting the
requirements of applicable state law in such manner and in such jurisdictions
as would be necessary or advisable to perfect or evidence the sale of the
Receivables from BG to Funding, and shall deliver a file-stamped copy of such
financing statements or other evidence of such filings to Funding;

     (e)  On or before the Closing Date, Funding and the Trustee shall have
entered into an amendment to the Pooling and Servicing Agreement and the
closing of such amendment to the Pooling and Servicing Agreement shall take
place simultaneously with the initial closing hereunder; and

     (f)  All corporate and legal proceedings and all instruments in
connection with the transactions contemplated by this Agreement shall be
satisfactory in form and substance to Funding, and Funding shall have
received from BG copies of all documents (including, without limitation,
records of corporate proceedings) relevant to the transactions herein
contemplated as Funding may reasonably have requested.

     Section 7.2.   Conditions to Funding's Obligations Regarding
Additional Receivables.  The obligations of Funding to purchase any
Receivables created on or after the Closing Date, shall be subject to the
satisfaction of the following conditions:

     (a)  All representations and warranties of BG contained in this
Agreement shall be true and correct with the same effect as though such
representations and warranties had been made on the date of such purchase;

     (b)  All information (concerning any Account to which such Receivables
relate) provided or to be provided to Funding shall be true and correct in
all material respects on the date of such purchase;

     (c)  BG shall have indicated in its computer files, microfiche list or
printed list that such Receivables (created in respect of any Account to
which such Receivables relate) have been sold to Funding in accordance with
this Agreement and transferred to the Trust pursuant to the Pooling and
Servicing Agreement for the benefit of the Certificateholders; and

     (d)  BG shall have recorded and filed, at its expense, any UCC-1 or
other financing statement with respect to such Receivables in any Additional
Accounts in connection with the transfer of accounts (as defined in Section
9-106 of the UCC) meeting the requirements of applicable state law in such
manner and in such jurisdictions as may be necessary or advisable to perfect
or evidence the sale of such Receivables from BG to Funding, and shall
deliver a file-stamped copy of such financing statements or other evidence of
such filings to Funding.

     Section 7.3.   Conditions Precedent to Obligations of BG.  The
obligations of BG to sell on any date Receivables shall be subject to the
satisfaction of the following conditions:

     (a)  All representations and warranties of Funding contained in this
Agreement shall be true and correct with the same effect as though such
representations and warranties had been made on the date of such sale;

     (b)  Payment or provision for payment of the Purchase Price in
accordance with the provision of Section 3.1 and 3.2 hereof shall have been
made; and

     (c)  All corporate and legal proceedings and all instruments in
connection with the transactions contemplated by this Agreement shall be
satisfactory in form and substance to BG, and BG shall have received from
Funding copies of all documents (including, without limitation, records of
corporate proceedings) relevant to the transactions herein contemplated as BG
may reasonably have requested.

                          ARTICLE VIII

                 TERM AND PURCHASE TERMINATION

     Section 8.1.   Term.  This Agreement shall commence as of the date
of execution and delivery hereof and shall continue until the termination of
the Trust as provided in Article XII of the Pooling and Servicing Agreement.

     Section 8.2.   Purchase Termination.  If BG shall fail generally to,
or admit in writing its inability to, pay its debts as they become due; or if
a proceeding shall have been instituted in a court having jurisdiction in the
premises seeking a decree or order for relief in respect of BG in an
involuntary case under any Debtor Relief Law, or for the appointment of a
receiver, liquidator, assignee, trustee, custodian, sequestrator, conservator
or other similar official of BG or for any substantial part of BG's property,
or for the winding-up or liquidation of BG's affairs and, if instituted
against BG, any such proceeding shall continue undismissed or unstayed and in
effect, for a period of 60 consecutive days, or any of the actions sought in
such proceeding shall occur; or if BG shall commence a voluntary case under
any Debtor Relief Law, or if BG shall consent to the entry of an order for
relief in an involuntary case under any Debtor Relief Law, or consent to the
appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian, sequestrator, conservator or other similar official of,
or for, any substantial part of its property, or any general assignment for
the benefit of its creditors; or BG or any subsidiary of BG shall have taken
any corporate action in furtherance of any of the foregoing actions (each an
"Insolvency Event"); then BG shall immediately cease to transfer Principal
Receivables to Funding and shall promptly give notice to Funding and the
Trustee of such Insolvency Event.  Notwithstanding any cessation of the
transfer to Funding of additional Principal Receivables, Principal
Receivables transferred to Funding prior to the occurrence of such Insolvency
Event and Collections in respect of such Principal Receivables and Finance
Charge Receivables whenever created, accrued in respect of such Principal
Receivables, shall continue to be property of Funding transferable by Funding
to the Trust pursuant to the Pooling and Servicing Agreement.

                           ARTICLE IX

                    MISCELLANEOUS PROVISIONS

     Section 9.1.   Amendment.  This Agreement and any Conveyance Papers
and the rights and obligations of the parties hereunder may not be changed
orally, but only by an instrument in writing signed by Funding and BG in
accordance with this Section 9.1.  This Agreement and any Conveyance Papers
may be amended from time to time by Funding and BG (i) to cure any ambiguity,
(ii) to correct or supplement any provisions herein which may be inconsistent
with any other provisions herein or in any such other Conveyance Papers,
(iii) to add any other provisions with respect to matters or questions
arising under this Agreement or any Conveyance Papers that shall not be
inconsistent with the provisions of this Agreement or any Conveyance Papers,
(iv) to change or modify the Purchase Price, (v) to change, modify, delete or
add any other obligation of BG or Funding and (vi) to provide for the
transfer by BG or Funding of its interest in and to all or part of the
Accounts in accordance with the provisions of the Pooling and Servicing
Agreement (if such transfer is for less than all of the Accounts, the
respective rights, duties and obligations of Funding, BG and the Servicer
will be determined at the time of such transfer); provided, however, that no
amendment pursuant to clause (v) of this Section 9.1 shall be effective
unless BG and Funding have been notified in writing that the Rating Agency
Condition has been satisfied; provided, further, that such action shall not
(as evidenced by an Opinion of Counsel delivered to the Trustee) adversely
affect in any material respect the interests of the Trustee or the
Certificateholders, unless the Trustee shall consent thereto.  Any
reconveyance executed in accordance with the provisions hereof shall not be
considered to be an amendment to this Agreement.  A copy of any amendment to
this Agreement shall be sent to the Rating Agency.

     Section 9.2.   GOVERNING LAW.  THIS AGREEMENT AND THE CONVEYANCE
PAPERS SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED
IN ACCORDANCE WITH SUCH LAWS.

     Section 9.3.   Notices.  (a)  All demands, notices, instructions,
directions and communications (collectively, "Notices") under this Agreement
shall be in writing and shall be deemed to have been duly given if personally
delivered at, mailed by registered mail, return receipt requested, or sent by
facsimile transmission to (i) in the case of Funding, to The Neiman Marcus
Group, Inc., 27 Boylston Street, Chestnut Hill, Massachusetts 02467,
Attention of the General Counsel (facsimile no. 617-278-5397), with a copy to
Neiman Marcus Funding Corporation, 1201 Elm Street, Dallas, Texas 75201,
Attention of the President (facsimile no. 214-761-2650), (ii) in the case of
BG, to The Neiman Marcus Group, Inc., 27 Boylston Street, Chestnut Hill,
Massachusetts 02467, Attention of the General Counsel (facsimile no. 617-278-
5397), (iii) in the case of the Trustee, to The Bank of New York, 101 Barclay
Street, Floor 12E, New York, New York 10286, Attention Corporate Trust
Administration - Asset-Backed Finance Unit (facsimile no. 212-___-____), (iv)
in the case of Moody's, to 99 Church Street, New York, New York 10007,
Attention of ABS Monitoring Department 4th Floor (facsimile no. 212-553-4600)
and (v) in the case of Standard & Poor's, to 55 Water Street, New York, New
York 10004, Attention of Asset Backed Group, 15th Floor (facsimile no. 212-
312-0323).

     Section 9.4.   Severability of Provisions.  If any one or more of
the covenants, agreements, provisions or terms of this Agreement or any
Conveyance Paper shall for any reason whatsoever be held invalid, then such
covenants, agreements, provisions, or terms shall be deemed severable from
the remaining covenants, agreements, provisions, and terms of this Agreement
or any Conveyance Paper and shall in no way affect the validity or
enforceability of the other provisions of this Agreement or of any Conveyance
Paper.

     Section 9.5.   Assignment, Sale of Accounts.  (a) Notwithstanding
anything to the contrary contained herein, except as set forth in Section
9.5(b) and other than Funding's assignment of its rights, title, and
interests in, to, and under this Agreement to the Trustee for the benefit of
the Certificateholders as contemplated by the Pooling and Servicing Agreement
and Section 9.6 hereof, the Accounts, this Agreement and all other Conveyance
Papers may not be assigned by the parties hereto.

     (b)  Notwithstanding the provisions of Section 9.5(a) hereof and of
Sections 7.02 and 8.02 of the Pooling and Servicing Agreement, BG may assign,
convey and transfer all of its consumer revolving credit card accounts or
other consumer revolving credit or installment accounts and the receivables
arising thereunder, which may include all, but not less than all, of the
Accounts, and its interest in any Participation Interests (collectively, the
"Assigned Assets"), together with all obligations under this Agreement or
relating to the transactions contemplated hereby (collectively, the "Assumed
Obligations"), to another entity (the "Assuming Entity") which may be an
entity that is not affiliated with BG, and BG may assign, convey and transfer
the Assigned Assets and the Assumed Obligations to the Assuming Entity,
without the consent or approval of the Certificateholders in the proportions
described in Section 9.02(a) of the Pooling and Servicing Agreement, in each
case upon satisfaction of the following conditions:

          (i)  the Assuming Entity, BG and the Trustee shall have entered
     into an assumption agreement (the "Assumption Agreement") providing for
     the Assuming Entity to assume the Assumed Obligations, including the
     obligation under this Agreement to transfer the Receivables arising
     under the Accounts to Funding, and BG shall have delivered to Funding
     and the Trustee an Officer's Certificate and an Opinion of Counsel each
     stating that such assumption and transfer comply with this Section,
     that such Assumption Agreement is a valid and binding obligation of
     such Assuming Entity enforceable against such Assuming Entity in
     accordance with its terms, except as such enforceability may be limited
     by applicable bankruptcy, insolvency, reorganization, moratorium,
     receivership, conservatorship or other similar laws affecting
     creditors' rights generally from time to time in effect and except as
     such enforceability may be limited by general principles of equity
     (whether considered in a suit at law or in equity), and that all
     conditions precedent herein provided for relating to such transaction
     have been complied with;

          (ii) BG or the Assuming Entity shall have delivered to the
     Trustee copies of UCC-1 financing statements covering such Accounts to
     perfect Funding's interest in the Receivables arising herein and any
     Conveyance Papers or Supplemental Conveyance;

          (iii)     Funding shall have received written notice that the Rating
     Agency Condition has been satisfied with respect to such transfer and
     assumption and shall have delivered copies of each such written notice
     to the Servicer and the Trustee;

          (iv) Funding shall have received an Opinion of Counsel with
     respect to clauses (i) and (ii) above and as to certain other matters
     that Funding may specify; and

          (v)  the Trustee shall have received a Tax Opinion.

     Notwithstanding such assumption, BG shall continue to be liable for all
representations and warranties and covenants made by it and all obligations
performed or to be performed by it in its capacity hereunder prior to such
transfer.

     Section 9.6.   Acknowledgement and Agreement of BG.  By execution
below, BG expressly acknowledges and agrees that all of Funding's right,
title, and interest in, to, and under this Agreement, including, without
limitation, all of Funding's right, title, and interest in and to the
Receivables purchased pursuant to this Agreement, shall be assigned by
Funding to the Trustee for the benefit of the Certificateholders, and BG
consents to such assignment.  Additionally, BG agrees for the benefit of the
Trustee that any amounts payable by BG to Funding hereunder which are to be
paid by Funding to the Trustee for the benefit of the Certificateholders
shall be paid by BG, on behalf of Funding, directly to the Trustee.  Any
payment required to be made on or before a specified date in same-day funds
may be made on the prior business day in next-day funds.

     Section 9.7.   Further Assurances.  Funding and BG agree to do and
perform, from time to time, any and all acts and to execute any and all
further instruments required or reasonably requested by the other party more
fully to effect the purposes of this Agreement and the Conveyance Papers,
including, without limitation, the execution of any UCC financing statements
or continuation statements or equivalent documents relating to the
Receivables for filing under the provisions of the UCC or other law of any
applicable jurisdiction.

     Section 9.8.   No Waiver; Cumulative Remedies.  No failure to
exercise and no delay in exercising, on the part of Funding or BG, any right,
remedy, power or privilege hereunder, shall operate as a waiver thereof; nor
shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of
any other right, remedy, power or privilege.  The rights, remedies, powers
and privileges herein provided are cumulative and not exhaustive of any
rights, remedies, powers and privileges provided by law.

     Section 9.9.   Counterparts.  This Agreement and all Conveyance
Papers may be executed in two or more counterparts (and by different parties
on separate counterparts), each of which shall be an original, but all of
which together shall constitute one and the same instrument.

     Section 9.10.  Binding Third-Party Beneficiaries.  This Agreement
and the Conveyance Papers will inure to the benefit of and be binding upon
the parties hereto and their respective successors and permitted assigns.
The parties hereto intend that the Trustee shall be a third-party beneficiary
of this Agreement.

     Section 9.11.  Merger and Integration.  Except as specifically
stated otherwise herein, this Agreement and the Conveyance Papers set forth
the entire understanding of the parties relating to the subject matter
hereof, and all prior understandings, written or oral, are superseded by this
Agreement and the Conveyance Papers.  This Agreement and the Conveyance
Papers may not be modified, amended, waived or supplemented except as
provided herein.

     Section 9.12.  Headings.  The headings set forth herein are for
purposes of reference only and shall not otherwise affect the meaning or
interpretation of any provision hereof.

     Section 9.13.  Schedules and Exhibits.  The schedules and exhibits
attached hereto and referred to herein shall constitute a part of this
Agreement and are incorporated into this Agreement for all purposes.

     Section 9.14.  Survival of Representations and Warranties.  All
representations, warranties and agreements contained in this Agreement or
contained in any Assignment, shall remain operative and in full force and
effect and shall survive conveyance of the Receivables by Funding to the
Trustee pursuant to the Pooling and Servicing Agreement.

<PAGE>
     IN WITNESS WHEREOF, Funding and BG have caused this Agreement to be
duly executed by their respective officers as of the day and year first above
written.

                         NEIMAN MARCUS FUNDING CORPORATION

                         By ___________________________________
                         Name: ___________________________________
                         Title: ____________________________________

                         BERGDORF GOODMAN, INC.

                         By ____________________________________
                         Name: _________________________________
                         Title: ________________________________

<PAGE>
                          EXHIBIT A

               FORM OF SUPPLEMENTAL CONVEYANCE

                (As required by Section 2.2 of
             the Receivables Purchase Agreement)

     SUPPLEMENTAL CONVEYANCE NO. ____ dated as of __________, 2000, by and
between BERGDORF GOODMAN, INC., as seller ("BG"), and NEIMAN MARCUS FUNDING
CORPORATION, as purchaser ("Funding"), pursuant to the Receivables Purchase
Agreement referred to below.

                         WITNESSETH:

     WHEREAS, BG and Funding are parties to a Receivables Purchase
Agreement, dated as of July __, 2000 (hereinafter as such agreement may
have been, or may from time to time be, amended, supplemented or otherwise
modified, the "Receivables Purchase Agreement");

     WHEREAS, pursuant to the Receivables Purchase Agreement, BG wishes to
designate Additional Accounts to be included as Accounts and BG wishes to
convey the Receivables of such Additional Accounts, whether now existing or
hereafter created, to Funding pursuant to the Receivables Purchase Agreement
(as each such term is defined in the Receivables Purchase Agreement); and

     WHEREAS, Funding is willing to accept such designation and conveyance
subject to the terms and conditions hereof.

     NOW, THEREFORE, BG and Funding hereby agree as follows:

     1.   Defined Terms.  Each capitalized term used herein shall have the
meanings specified in the Receivables Purchase Agreement unless otherwise
defined herein.

     "Addition Date" shall mean, with respect to the Additional Accounts
designated hereby, __________, 200__.

     2.   Designation of Additional Accounts.  BG delivers herewith a
computer file, microfiche list or printed list containing a true and complete
schedule identifying all such Additional Accounts and specifying for each
such Account, as of the Additional Cut-Off Date, its account number, the
aggregate amount outstanding in such Account and the aggregate amount of
Principal Receivables in such Account.  Such computer file, microfiche list
or printed list shall be, as of the date of this Supplemental Conveyance,
incorporated into and made part of this Supplemental Conveyance and is marked
as Schedule I to this Supplemental Conveyance.

     3.   Conveyance of Receivables.

     (a)  BG does hereby sell, transfer, assign, set over and otherwise
convey to Funding (collectively, the "Conveyance"), without recourse, all of
its right, title and interest in, to and under the Receivables generated by
such Additional Accounts, now existing and hereafter created, all Recoveries
allocable to such Additional Accounts and all monies due or to become due
thereunder and all amounts received with respect thereto and all proceeds
(including, without limitation, "proceeds" as defined in Article 9 of the
UCC) thereof.  The foregoing sale, transfer, assignment, set-over and
conveyance does not constitute and is not intended to result in a creation or
an assumption by Funding of any obligation of the Servicer, BG or any other
Person in connection with the Accounts, the Receivables or under any
agreement or instrument relating thereto.

     (b)  In connection with the Conveyance, BG agrees to record and file,
at its own expense, one or more UCC financing statements (and continuation
statements with respect to such financing statements when applicable) with
respect to the Receivables, now existing and hereafter created, for the sale
of accounts meeting the requirements of applicable state law in such manner
and in such jurisdictions as may be necessary or advisable to perfect or
evidence the sale and assignment of the Receivables to Funding, and to
deliver a file-stamped copy of such financing statement or other evidence of
such filing to Funding.

     (c)  In connection with such sale, BG further agrees, at its own
expense, on or prior to the date of this Supplemental Conveyance, to indicate
in the appropriate computer files, microfiche list or other records that all
Receivables created in connection with the Additional Accounts designated
hereby have been conveyed to Funding pursuant to this Supplemental
Conveyance.

     4.   Acceptance by Funding.  Subject to the satisfaction of the
conditions set forth in Section 6 of this Supplemental Conveyance, Funding
hereby acknowledges its acceptance of all right, title and interest to the
property, now existing and hereafter created, conveyed to Funding pursuant to
Section 3(a) of this Supplemental Conveyance, and declares that it shall
maintain such right, title and interest.  Funding further acknowledges that,
prior to or simultaneously with the execution and delivery of this
Supplemental Conveyance, BG delivered to Funding (or to the Trustee if
Funding has so directed) the computer file, microfiche list or printed list
described in Section 2 of this Supplemental Conveyance.

     5.   Representations and Warranties of BG.  BG hereby represents and
warrants to Funding as of the date of this Supplemental Conveyance and as of
the Addition Date that:

     (a)  Legal, Valid and Binding Obligation.  This Supplemental
Conveyance constitutes a legal, valid and binding obligation of BG
enforceable against BG in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting creditors' rights
generally from time to time in effect and except as such enforceability may
be limited by general principles of equity;

     (b)  Eligibility of Accounts.  Each Additional Account designated
hereby is an Eligible Account;

     (c)  Selection Procedures.  (i) No selection procedure believed by BG
to be adverse to the interests of Funding or the Investor Certificateholders
was used in selecting the Additional Accounts; and (ii) the selection
procedures used in selecting the Additional Accounts designated hereby are
substantially the same as the selection procedures used in selecting the
Initial Accounts identified in the computer file, microfiche list or printed
list delivered pursuant to Section 2.1(c) of the Receivables Purchase
Agreement;

     (d)  Insolvency.  BG is not insolvent and, after giving effect to the
conveyance set forth in Section 3 of this Supplemental Conveyance, will not
be insolvent;

     (e)  Sale of Receivables.  This Supplemental Conveyance constitutes a
valid sale, transfer and assignment to Funding of all right, title and
interest of BG in the Receivables and other Purchased Assets now existing or
hereafter created, all monies due or to become due and all amounts received
with respect thereto and the "proceeds" (as defined in the UCC) thereof,
relating thereto;

     (f)  No Conflict.  The execution and delivery of this Supplemental
Conveyance, the performance of the transactions contemplated by this
Supplemental Conveyance and the fulfillment of the terms hereof, will not
conflict with, result in any breach of any of the material terms and
provisions of, or constitute (with or without notice or lapse of time or
both) a material default under, any indenture, contract, agreement, mortgage,
deed of trust or other instrument to which BG is a party or by which it or
its properties are bound;

     (g)  No Violation.  The execution and delivery of this Supplemental
Conveyance by BG, the performance of the transactions contemplated by this
Supplemental Conveyance and the fulfillment of the terms hereof applicable to
BG will not conflict with or violate any Requirements of Law applicable to
BG;

     (h)  No Proceedings.  There are no proceedings or investigations,
pending or, to the best knowledge of BG, threatened against BG before any
court, regulatory body, administrative agency or other tribunal or
governmental instrumentality (i) asserting the invalidity of the Receivables
Purchase Agreement or this Supplemental Conveyance, (ii) seeking to prevent
the consummation of any of the transactions contemplated by the Receivables
Purchase Agreement or this Supplemental Conveyance, (iii) seeking any
determination or ruling that, in the reasonable judgment of BG, would
materially and adversely affect the performance by BG of its obligations
under the Receivables Purchase Agreement or this Supplemental Conveyance or
(iv) seeking any determination or ruling that would materially and adversely
affect the validity or enforceability of this Supplemental Conveyance; and

     (i)  All Consents.  All authorizations, consents, orders or approvals
of any court or other governmental authority required to be obtained by BG in
connection with the execution and delivery of this Supplemental Conveyance by
BG and the performance of the transactions contemplated by this Supplemental
Conveyance by BG, have been obtained.

     6.   Conditions Precedent.  The acceptance of Funding set forth in
Section 4 of this Supplemental Conveyance is subject to the satisfaction, on
or prior to the Addition Date, of the following conditions precedent:

     (a)  Representations and Warranties.  Each of the representations and
warranties made by BG in Section 5 of this Supplemental Conveyance shall be
true and correct as of the date of this Supplemental Conveyance and as of the
Addition Date.

     (b)  Officer's Certificate.  BG shall have delivered to Funding an
Officer's Certificate confirming that (i) the Additional Accounts shall be
Eligible Accounts and (ii) (A) no selection procedures believed by BG or
Funding to be materially adverse to the interests of the Investor
Certificateholders shall have been used in selecting the Additional Accounts;
(B) the selection procedures used in selecting the Additional Accounts shall
be substantially the same as the selection procedures used in selecting the
original Accounts identified in the computer file, microfiche list or printed
list delivered pursuant to Section 2.01 of the Pooling and Servicing
Agreement; (C) the list of Additional Accounts, as of the Additional Cut-Off
Date, is a true and complete schedule identifying all such Additional
Accounts and specifies for each such Account, as of the Additional Cut-Off
Date, its account number, the aggregate amount outstanding in such Account
and the aggregate amount of Principal Receivables in such Account.

     (c)  Additional Information.  BG shall have delivered to Funding such
information as was reasonably requested by Funding to satisfy itself as to
the accuracy of the representation and warranty set forth in Section 5(d) of
this Supplemental Conveyance.

     7.   Ratification of the Receivables Purchase Agreement.  The
Receivables Purchase Agreement is hereby ratified, and all references to the
"Receivables Purchase Agreement", to "this Agreement" and "herein" shall be
deemed from and after the Addition Date to be a reference to the Receivables
Purchase Agreement as supplemented by this Supplemental Conveyance.  Except
as expressly amended hereby, all the representations, warranties, terms,
covenants and conditions of the Receivables Purchase Agreement shall remain
unamended and shall continue to be, and shall, remain, in full force and
effect in accordance with its terms and except as expressly provided herein
shall not constitute or be deemed to constitute a waiver of compliance with
or consent to non-compliance with any term or provision of the Receivables
Purchase Agreement.

     8.   Counterparts.  This Supplemental Conveyance may be executed in
any number of counterparts, all of which taken together shall constitute one
and the same instrument.

<PAGE>
     IN WITNESS WHEREOF, the undersigned have caused this Supplemental
Conveyance to be duly executed and delivered by their respective duly
authorized officers on the day and the year first above written.

                         NEIMAN MARCUS FUNDING CORPORATION

                         By ____________________________________
                         Name: _________________________________
                         Title: ________________________________

                         BERGDORF GOODMAN, INC.

                         By     __________________________________
                         Name:  __________________________________
                         Title: __________________________________

                                          Schedule I to
                                      Supplemental Conveyance

                     Additional Accounts

                         Schedule I

                       LIST OF ACCOUNTS
               DEEMED INCORPORATED BY REFERENCE

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