Document:

<PAGE>

                                                                     Exhibit 4.2

           ===========================================================

                             BANK ONE ISSUANCE TRUST

                                    as Issuer

                                       and

                WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION

                    as Indenture Trustee and Collateral Agent

                              --------------------

                            ASSET POOL ONE SUPPLEMENT

                             dated as of May 1, 2002

                                       to

                                    INDENTURE

                             dated as of May 1, 2002

           ===========================================================

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                                TABLE OF CONTENTS

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<S>                                                                                                          <C>
                                                    ARTICLE I

                                       DEFINITIONS AND OTHER PROVISIONS OF
                                               GENERAL APPLICATION

Section 1.1     Definitions .............................................................................    3
                -----------
Section 1.2     Effect of Headings and Table of Contents ................................................   17
                ----------------------------------------
Section 1.3     Successors and Assigns ..................................................................   17
                ----------------------
Section 1.4     Separability ............................................................................   17
                ------------
Section 1.5     Governing Law ...........................................................................   17
                -------------
Section 1.6     Counterparts ............................................................................   17
                ------------

                                                   ARTICLE II

                                                   COLLATERAL

Section 2.1     Initial Collateral ......................................................................   19
                ------------------
Section 2.2     Reinvestment in Collateral ..............................................................   19
                --------------------------
Section 2.3     Increases in the Invested Amount of an Existing Asset Pool One Collateral Certificate. ..   20
                -------------------------------------------------------------------------------------
Section 2.4     Addition of Collateral ..................................................................   20
                ----------------------
Section 2.5     Removal of Accounts .....................................................................   25
                -------------------
Section 2.6     Account Allocations. ....................................................................   26
                -------------------
Section 2.7     Discount Receivables ....................................................................   27
                --------------------
Section 2.8     Recording, Etc. .........................................................................   28
                --------------
Section 2.9     Trust Indenture Act Requirements ........................................................   29
                --------------------------------
Section 2.10    Suits To Protect the Collateral .........................................................   30
                -------------------------------
Section 2.11    Purchaser Protected .....................................................................   30
                -------------------
Section 2.12    Powers Exercisable by Receiver or Collateral Agent ......................................   30
                --------------------------------------------------
Section 2.13    Determinations Relating to Collateral ...................................................   31
                -------------------------------------
Section 2.14    Release of all Collateral ...............................................................   31
                -------------------------
Section 2.15    Certain Actions by Collateral Agent .....................................................   32
                -----------------------------------
Section 2.16    Opinions as to Collateral ...............................................................   32
                -------------------------
Section 2.17    Delegation of Duties ....................................................................   33
                --------------------
Section 2.18    Issuer's Representations and Warranties .................................................   33
                ---------------------------------------
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<S>                                                                                                  <C>
                                               ARTICLE III

                             COLLECTIONS, ALLOCATIONS, DEPOSITS AND PAYMENTS

Section 3.1   Collections and Allocations .........................................................  35
              ---------------------------
Section 3.2   Allocations of Finance Charge Collections and Default Amounts .......................  36
              -------------------------------------------------------------
Section 3.3   Allocations of Principal Collections ................................................  36
              ------------------------------------
Section 3.4   Allocations of the Asset Pool One Servicing Fee. ....................................  37
              -----------------------------------------------
Section 3.5   Allocations of Amounts to the Excess Funding Account and
              --------------------------------------------------------
              Allocations of Amounts on Deposit in the Excess Funding Account .....................  37
              ---------------------------------------------------------------
Section 3.6   Final Payment .......................................................................  38
              -------------
Section 3.7   Payments within a Series, Class or Tranche ..........................................  38
              ------------------------------------------
Section 3.8   Allocations of Finance Charge Collections, Default Amounts,
              ----------------------------------------------------------
              Servicing Fees and Principal Collections Allocable to the Transferor Interest .......  38
              -----------------------------------------------------------------------------
Section 3.9   Transfer of Defaulted Accounts ......................................................  39
              ------------------------------
Section 3.10  Adjustments for Miscellaneous Credits and Fraudulent Charges. .......................  39
              ------------------------------------------------------------
Section 3.11  Recoveries and Interchange. .........................................................  40
              --------------------------
Section 3.12  Reallocation Groups .................................................................  41
              -------------------
Section 3.13  Designation of Remaining Principal Shortfalls .......................................  41
              ---------------------------------------------

                                               ARTICLE IV

                                          THE COLLATERAL AGENT

Section 4.1   Certain Duties and Responsibilities .................................................  43
              -----------------------------------
Section 4.2   Certain Rights of the Collateral Agent ..............................................  44
              --------------------------------------
Section 4.3   Not Responsible for Recitals or Issuance of Notes ...................................  45
              -------------------------------------------------
Section 4.4   May Hold Notes ......................................................................  45
              --------------
Section 4.5   Money Held in Trust .................................................................  46
              -------------------
Section 4.6   Compensation and Reimbursement; Limit on Compensation, Reimbursement and Indemnity ..  46
              ----------------------------------------------------------------------------------
Section 4.7   Disqualification; Conflicting Interests .............................................  46
              ---------------------------------------
Section 4.8   Corporate Collateral Agent Required; Eligibility ....................................  47
              ------------------------------------------------
Section 4.9   Resignation and Removal; Appointment of Successor ...................................  47
              -------------------------------------------------
Section 4.10  Acceptance of Appointment by Successor ..............................................  49
              --------------------------------------
Section 4.11  Merger, Conversion, Consolidation or Succession to Business .........................  49
              -----------------------------------------------------------
Section 4.12  Preferential Collection of Claims Against Issuer ....................................  50
              ------------------------------------------------
Section 4.13  Representations and Covenants of the Collateral Agent ...............................  50
              -----------------------------------------------------
Section 4.14  Custody of Asset Pool One Collateral Certificates and Collateral. ...................  50
              ----------------------------------------------------------------
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                                       ii

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<S>                                                                                                      <C>
     Section 4.15  Collateral Agent's Application for Instructions from the Issuer ...................   50
                   ---------------------------------------------------------------
     Section 4.16  Events of Default and Remedies; Reports of Indenture Trustee; Reports to Issuer ...   51
                   -------------------------------------------------------------------------------

                                                  ARTICLE V

                                        BANK ACCOUNTS AND INVESTMENTS

     Section 5.1   Bank Accounts .....................................................................   52
                   -------------
     Section 5.2   Investment of Funds in the Bank Accounts ..........................................   53
                   ----------------------------------------

                                                 ARTICLE VI

                                                MISCELLANEOUS

     Section 6.1   No Petition .......................................................................   55
                   -----------
     Section 6.2   Actions by the Issuer .............................................................   55
                   ---------------------
     Section 6.3   Limitations on Liability ..........................................................   55
                   ------------------------
     Section 6.4   Termination of Issuer .............................................................   56
                   ---------------------
     Section 6.5   Termination Distributions .........................................................   56
                   -------------------------
     Section 6.6   Derivative Counterparty, Supplemental Credit Enhancement Provider and
                   ---------------------------------------------------------------------
                   Supplemental Liquidity Provider as Third-Party Beneficiary. .......................   56
                   ----------------------------------------------------------
     Section 6.7   Amendments ........................................................................   56
                   ----------

                                                  EXHIBITS

EXHIBIT A   Form of Transferor Certificate ...........................................................  A-1

EXHIBIT B   Form of Assignment of Receivables in Additional Accounts
            Included in Asset Pool One ...............................................................  B-1

EXHIBIT C   Form of Assignment of Additional Collateral Certificate
            Included in Asset Pool One ...............................................................  C-1

EXHIBIT D   Form of Reassignment of Receivables in Removed Accounts
            Included in Asset Pool One ...............................................................  D-1

EXHIBIT E   Form of Monthly Payment Instructions and Notification to the First USA
            Credit Card Master Trust Trustee .........................................................  E-1

EXHIBIT F   Form of Asset Pool One Monthly Servicer's Certificate ....................................  F-1
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                                      iii

<PAGE>

          This ASSET POOL ONE SUPPLEMENT between BANK ONE ISSUANCE TRUST, a
statutory business trust organized under the laws of the State of Delaware (the
"Issuer" or the "Trust"), having its principal office at c/o Wilmington Trust
Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, Attention:
Corporate Trust Administration, and WELLS FARGO BANK MINNESOTA, NATIONAL
ASSOCIATION, a national banking association, in its capacity as Collateral Agent
(the "Collateral Agent") for the benefit of the parties listed in the Granting
Clause of this Asset Pool One Supplement, is made and entered into as of May 1,
2002.

          All things necessary to make this Asset Pool One Supplement a valid
agreement of the Issuer, in accordance with its terms, have been done.

                                 GRANTING CLAUSE

          The Issuer hereby grants to the Collateral Agent (the "Secured Party")
for the benefit and security of the following: (a) the Asset Pool One
Noteholders, (b) the Indenture Trustee, in its individual capacity and (c) the
Collateral Agent, in its individual capacity, a security interest in all of its
right, title and interest, whether now owned or hereafter acquired, in and to
the following:

          (i)     each Asset Pool One Collateral Certificate;

          (ii)    all Asset Pool One Receivables;

          (iii)   the Excess Funding Account established for Asset Pool One;

          (iv)    the Collection Account established for Asset Pool One;

          (v)     each Supplemental Bank Account (including all Sub-Accounts
                  thereof) established from time to time for Asset Pool One;

          (vi)    all Permitted Investments and all investment property, money
                  and other property held in or through the Collection Account,
                  the Excess Funding Account or any Supplemental Bank Account
                  and including any Sub-Accounts therein;

          (vii)   all rights, benefits and powers under any Derivative
                  Agreement;

          (viii)  all rights, benefits and powers under any Supplemental Credit
                  Enhancement Agreement or Supplemental Liquidity Agreement;

                                       1

<PAGE>

                  (ix)     all rights, benefits and powers under the Transfer
                           and Servicing Agreement with respect to the Asset
                           Pool One Collateral Certificates and the Asset Pool
                           One Receivables;

                  (x)      all present and future claims, demands, causes of and
                           choses in action in respect of any of the foregoing
                           and all interest, principal, payments and
                           distributions of any nature or type on any of the
                           foregoing;

                  (xi)     all accounts, general intangibles, chattel paper,
                           instruments, documents, goods, money, investment
                           property, deposit accounts, certificates of deposit,
                           letters of credit, letter-of-credit rights and
                           advices of credit consisting of, arising from, or
                           relating to any of the foregoing; and

                  (xii)    all proceeds of the foregoing.

                  Items (i) through (xii) above are collectively referred to as
the "Collateral." The Security Interest in the Collateral is granted to secure
the Asset Pool One Notes (and the obligations under the Indenture and this Asset
Pool One Supplement), equally and ratably without prejudice, priority or
distinction between any Asset Pool One Note by reason of difference in time of
issuance or otherwise, except as otherwise expressly provided in the Indenture,
or in the Indenture Supplement which establishes any Series, Class or Tranche of
Notes, and to secure (i) the payment of all amounts due on such Asset Pool One
Notes in accordance with their respective terms, (ii) the payment of all other
sums payable by the Issuer under the Indenture, any Indenture Supplement and
this Asset Pool One Supplement relating to the Asset Pool One Notes and (iii)
compliance by the Issuer with the provisions of the Indenture, any Indenture
Supplement or this Asset Pool One Supplement relating to the Asset Pool One
Notes. This Asset Pool One Supplement is a security agreement within the meaning
of the UCC.

                  The Collateral Agent acknowledges the grant of such Security
Interest, and accepts the Collateral in trust hereunder in accordance with the
provisions hereof and agrees to perform the duties herein to the end that the
interests of the Asset Pool One Noteholders may be adequately and effectively
protected.

                  The Asset Pool One Notes, Derivative Agreements, Supplemental
Credit Enhancement Agreements, Supplemental Liquidity Agreements and other
obligations under the Indenture, this Asset Pool One Supplement and any
Indenture Supplement relating to the Asset Pool One Notes will benefit from the
Security Interest to the extent (and only to the extent) proceeds of and
distributions on the Collateral are allocated for their benefit pursuant to the
Indenture, this Asset Pool One Supplement and the applicable Indenture
Supplement.

                                       2

<PAGE>

                                    ARTICLE I

                       DEFINITIONS AND OTHER PROVISIONS OF
                               GENERAL APPLICATION

          Section 1.1 Definitions. For all purposes of this Asset Pool One
Supplement, except as otherwise expressly provided or unless the context
otherwise requires:

          (1) the terms defined in this Article have the meanings assigned to
them in this Article, and, along with any other term defined in any Section of
this Asset Pool One Supplement, include the plural as well as the singular;

          (2) all other terms used herein which are defined in the Indenture,
the applicable Indenture Supplement or the Transfer and Servicing Agreement,
either directly or by reference therein, have the meanings assigned to them
therein;

          (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term
"generally accepted accounting principles" with respect to any computation
required or permitted hereunder means such accounting principles as are
generally accepted in the United States of America at the date of such
computation;

          (4) all references in this Asset Pool One Supplement to designated
"Articles," "Sections" and other subdivisions are to the designated Articles,
Sections and other subdivisions of this Asset Pool One Supplement as originally
executed. The words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Asset Pool One Supplement as a whole and not to any
particular Article, Section or other subdivision;

          (5) in the event that any term or provision contained herein shall
conflict with or be inconsistent with any term or provision contained in the
Indenture, the applicable Indenture Supplement or the Transfer and Servicing
Agreement, the terms and provisions of this Asset Pool One Supplement shall be
controlling;

          (6) each capitalized term defined herein shall relate only to the
Asset Pool One Notes and no other notes issued by the Issuer; and

          (7) "including" and words of similar import will be deemed to be
followed by "without limitation."

          "Account Assignment" has the meaning specified in subsection
2.4(c)(v).

                                       3

<PAGE>

                  "Account Owner" has the meaning specified in the Transfer and
Servicing Agreement.

                  "Act" has the meaning specified in the Indenture.

                  "Additional Account" has the meaning specified in the Transfer
and Servicing Agreement.

                  "Additional Asset Pool One Account" has the meaning specified
in subsection 2.4(a).

                  "Additional Asset Pool One Collateral Certificate" has the
meaning specified in subsection 2.4(a).

                  "Additional Collateral Certificate" has the meaning specified
in the Transfer and Servicing Agreement.

                  "Addition Cut Off Date" means each date as of which Additional
Accounts will be selected to be included as Asset Pool One Accounts pursuant to
Section 2.4.

                  "Addition Date" has the meaning specified in subsection
2.4(a)(i).

                  "Adjustment Payment" has the meaning specified in subsection
3.10(a).

                  "Administrator" means First USA Bank, National Association in
its capacity as Administrator of the Trust, and any successors or assigns
thereto.

                  "Adverse Effect" has the meaning specified in the Indenture.

                  "Affiliate" has the meaning specified in the Indenture.

                  "Aggregate Addition Limit" means, with respect to any Asset
Pool, the aggregate number of Additional Asset Pool One Accounts that may be
designated for inclusion in Asset Pool One without prior satisfaction of the
Note Rating Agency Condition, equal to the aggregate number of Additional Asset
Pool One Accounts which would either (x) with respect to any consecutive
three-month period, equal 15% of the aggregate number of Asset Pool One Accounts
as of the first day of such three-month period or (y) with respect to any
twelve-month period, equal 20% of aggregate number of Asset Pool One Accounts as
of the first day of such twelve-month period.

                                       4

<PAGE>

                  "Amortization Period" has, with respect to any Series, Class
or Tranche of Asset Pool One Notes, the meaning specified in the applicable
Indenture Supplement with respect to such Series, Class or Tranche of Asset Pool
One Notes.

                  "Asset Pool One" means the Collateral granted to the
Collateral Agent pursuant to this Asset Pool One Supplement.

                  "Asset Pool One Accounts" means "Accounts" (as defined in the
Transfer and Servicing Agreement) that have been designated by the Issuer,
pursuant to Section 2.4, to have their Receivables included in Asset Pool One.

                  "Asset Pool One Average Principal Balance" means, with respect
to Asset Pool One, (a) for any Monthly Period in which no Addition Date, Removal
Date or Discount Option Date occurs, the Asset Pool One Principal Receivables as
of the close of business on the last day of the prior Monthly Period and (b) for
any Monthly Period in which one or more Addition Dates, Removal Dates or
Discount Option Dates occurs, the sum of:

                    (i)   the product of (x) the Asset Pool One Principal
         Receivables as of the close of business on the last day of the prior
         Monthly Period and (y) a fraction, (i) the numerator of which is the
         number of days from and including the first day of such Monthly Period
         to but excluding the initial Addition Date, Removal Date or Discount
         Option Date, as the case may be, in such Monthly Period and (ii) the
         denominator of which is the number of days in such Monthly Period; and

                    (ii)  the product of (x) the Asset Pool One Principal
         Receivables as of the close of business on the initial Addition Date,
         Removal Date or Discount Option Date in such Monthly Period, after
         giving effect to such addition, removal or discount, as the case may
         be, and (y) a fraction, (i) the numerator of which is the number of
         days from and including the initial Addition Date, Removal Date or
         Discount Option Date, as the case may be, in such Monthly Period to but
         excluding the next subsequent Addition Date, Removal Date or Discount
         Option Date in such Monthly Period or, if no such next subsequent date
         occurs in such Monthly Period, to and including the last day of such
         Monthly Period and (ii) the denominator of which is the number of days
         in such Monthly Period; and

                    (iii) for each subsequent Addition Date, Removal Date or
         Discount Option Date in such Monthly Period, the product of (x) the
         Asset Pool One Principal Receivables at the close of business on such
         Addition Date, Removal Date or Discount Option Date, after giving
         effect to such addition, removal or discount, as the case may be, and
         (y) a fraction, (i) the numerator of which is the number of days from
         and including such Addition Date, Removal Date or Discount Option Date,
         as the case may be, in such

                                       5

<PAGE>

         Monthly Period to but excluding the next subsequent Addition Date,
         Removal Date or Discount Option Date or, if no such next subsequent
         date occurs in such Monthly Period, to and including the last day of
         such Monthly Period and (ii) the denominator of which is the number of
         days in such Monthly Period.

                  "Asset Pool One Collateral Certificate" means each "Collateral
Certificate" (as defined in the Indenture) that has been designated by the
Issuer for inclusion in Asset Pool One pursuant to Sections 2.1 and 2.4.

                  "Asset Pool One Collateral Certificate Principal Shortfall
Payments" means, for any Monthly Period, amounts received on Asset Pool One
Collateral Certificates in respect of Principal Shortfalls.

                  "Asset Pool One Default Amount" means, for any Monthly Period,
the Default Amount for Asset Pool One for such Monthly Period.

                  "Asset Pool One Finance Charge Collections" means, for any
Monthly Period, the amount of Finance Charge Collections for all Asset Pool One
Receivables and Asset Pool One Collateral Certificates for such Monthly Period.

                  "Asset Pool One Minimum Pool Balance" means, for any Monthly
Period, an amount equal to the sum of (i) for all Asset Pool One Notes in their
Revolving Period, the sum of the Nominal Liquidation Amounts of such Asset Pool
One Notes as of the close of business on the last day of such Monthly Period and
(ii) for all Asset Pool One Notes in their Amortization Period, the sum of the
Nominal Liquidation Amounts of such Asset Pool One Notes as of the close of
business as of the last day of the most recent Revolving Period (exclusive of
(x) any Asset Pool One Notes which will be paid in full on the applicable
Payment Date in the following Monthly Period and (y) any Asset Pool One Notes
which will have a Nominal Liquidation Amount of zero on the applicable Payment
Date in the following Monthly Period).

                  "Asset Pool One Nominal Liquidation Amount Deficit" means, for
any Monthly Period, the aggregate Nominal Liquidation Amount Deficit of all
Asset Pool One Notes for such Monthly Period.

                  "Asset Pool One Notes" means the Notes designated in an
Indenture Supplement as being secured by the Collateral of Asset Pool One.

                  "Asset Pool One Noteholder" means any person in whose name an
Asset Pool One Note is registered.

                                       6

<PAGE>

                  "Asset Pool One Pool Balance" means, for any Monthly Period,
the sum of (1) the sum of the Invested Amounts of the Asset Pool One Collateral
Certificates on the close of business on the last day of such Monthly Period
plus (2) the Asset Pool One Principal Receivables as of the close of business as
of the last day of such Monthly Period plus (3) the Excess Funding Amount as of
the close of business on the last day of such Monthly Period.

                  "Asset Pool One Principal Collections" means, for any Monthly
Period, the amount of Principal Collections for all Asset Pool One Receivables
and Asset Pool One Collateral Certificates for such Monthly Period minus Asset
Pool One Collateral Certificate Principal Shortfall Payments for such Monthly
Period.

                  "Asset Pool One Principal Receivables" means, with respect to
any date of determination, the aggregate outstanding dollar amount of Asset Pool
One Receivables that are Principal Receivables.

                  "Asset Pool One Receivables" means "Receivables" (as defined
in the Transfer and Servicing Agreement) arising in Asset Pool One Accounts.

                  "Asset Pool One Receivables Servicing Fee" means, with respect
to any Monthly Period, one-twelfth of the product of (a) the Asset Pool One
Receivables Servicing Fee Percentage for such Monthly Period and (b) the Asset
Pool One Average Principal Balance for such Monthly Period.

                  "Asset Pool One Receivables Servicing Fee Percentage" means,
1.50% for so long as First USA Bank, National Association is the Servicer or
2.00% if First USA Bank, National Association is no longer the Servicer.

                  "Asset Pool One Reinvestment Amount" means, with respect to
any Monthly Period, an amount equal to (A) the sum of (i) the Asset Pool One
Principal Collections for such Monthly Period, plus (ii) the Asset Pool One
Finance Charge Collections and similar amounts applied with respect to the Asset
Pool One Default Amount and the Asset Pool One Nominal Liquidation Amount
Deficit for all Series of Asset Pool One Notes with respect to such Monthly
Period, plus (iii) Asset Pool One Collateral Certificate Principal Shortfall
Payments plus (iv) the portion of the Prefunding Excess Amount paid to the
Issuer pursuant to the applicable Indenture Supplement plus (v) Dollar payments
which will be received under Derivative Agreements with respect to principal for
such Monthly Period plus (vi) the aggregate amount of the accretion of principal
on all Discount Notes secured by Asset Pool One with respect to such Monthly
Period paid to the Issuer pursuant to the applicable Indenture Supplement, minus
(B) the sum of (i) the aggregate amount deposited in the Principal Funding
Accounts for all Series of Asset Pool One Notes with respect to such Monthly
Period plus (ii) the aggregate amount of Asset Pool One

                                       7

<PAGE>

Principal Collections reallocated to pay the Targeted Interest Deposit Amount
and a portion of the Asset Pool One Notes' share of the Asset Pool One Servicing
Fee for such Monthly Period.

                  "Asset Pool One Required Transferor Amount" means, for any
Monthly Period, the product of (1) the Asset Pool One Principal Receivables as
of the close of business on the last day of such Monthly Period and (2) the
Asset Pool One Required Transferor Amount Percentage.

                  "Asset Pool One Required Transferor Amount Percentage" means
4% or such other percentage as shall be designated from time to time by the
Servicer; provided, however, that prior to designating any lesser percentage the
Servicer shall have provided to the Indenture Trustee and the Collateral Agent
an Issuer Tax Opinion and written confirmation from each Note Rating Agency that
such designation shall not have a Ratings Effect.

                  "Asset Pool One Servicing Fee" has the meaning specified in
Section 3.4.

                  "Asset Pool One Supplement" means this Asset Pool Supplement
as originally executed and as amended, supplemented, restated or otherwise
modified from time to time.

                  "Asset Pool One Transferor Amount" means, for any Monthly
Period, an amount equal to (i) the Asset Pool One Pool Balance for such Monthly
Period minus (ii) the aggregate Nominal Liquidation Amount of all Asset Pool One
Notes as of close of business on the last day of such Monthly Period.

                  "Asset Pool One Transferor Percentage" means, with respect to
any Monthly Period, 100% minus, the sum of the Noteholder Percentages for all
Series of Asset Pool One Notes with respect to Asset Pool One Principal
Collections, Asset Pool One Finance Charge Collections, the Asset Pool One
Servicing Fee or the Asset Pool One Default Amount, as applicable.

                  "Bank Accounts" means, collectively, the Excess Funding
Account, the Collection Account and any Supplemental Bank Account, including any
Sub-Accounts therein.

                  "Beneficiary" has the meaning specified in the Trust
Agreement.

                  "Business Day" has the meaning specified in the Indenture.

                  "Certificate Assignment" has the meaning specified in
subsection 2.4(c)(vi).

                  "Class" has the meaning specified in the Indenture.

                                       8

<PAGE>

                  "Collateral" has the meaning specified in the Granting Clause
of this Asset Pool One Supplement.

                  "Collateral Agent" means the Person named as the Collateral
Agent in the first paragraph of this Asset Pool One Supplement until a successor
Collateral Agent shall have become such pursuant to the applicable provisions of
this Asset Pool One Supplement, and thereafter "Collateral Agent" means and
includes each Person who is then a Collateral Agent hereunder. If at any time
there is more than one such Person, "Collateral Agent" as used with respect to
the Asset Pool One Notes of any Series, Class or Tranche means the Collateral
Agent with respect to Asset Pool One Notes of that Series, Class or Tranche.

                  "Collateral Agent Authorized Officer" when used with respect
to the Collateral Agent, means any vice president, any assistant vice president,
the treasurer, any assistant treasurer, any senior trust officer or trust
officer, or any other officer of the Collateral Agent customarily performing
functions similar to those performed by any of the above designated officers and
also means, with respect to a particular corporate trust matter, any other
officer to whom such matter is referred because of his knowledge of and
familiarity with the particular subject.

                  "Collections" has the meaning specified in the Transfer and
Servicing Agreement.

                  "Collection Account" has the meaning specified in subsection
5.1(a)(i).

                  "Commission" means the U.S. Securities and Exchange
Commission.

                  "Corporate Trust Office" means, with respect to the Collateral
Agent, the principal corporate trust office of the Collateral Agent located at
Wells Fargo Bank Minnesota, National Association, 6th & Marquette, MAC
N9311-161, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services
Asset Backed Administration; or such other address as the Collateral Agent may
designate by notice to the Transferor, or the principal corporate trust office
of any successor Collateral Agent (the address of which the successor Collateral
Agent will notify the Indenture Trustee and the Transferor).

                  "Credit Adjustment" has the meaning specified in subsection
3.10(a).

                  "Date of Processing" has the meaning specified in the Transfer
and Servicing Agreement.

                  "Default Amount" has the meaning specified in the Transfer and
Servicing Agreement.

                                       9

<PAGE>

                  "Defaulted Account" has the meaning specified in the Transfer
and Servicing Agreement.

                  "Derivative Agreement" has the meaning specified in the
Indenture.

                  "Derivative Counterparty" has the meaning specified in the
Indenture.

                  "Determination Date" means the Business Day before the First
Note Transfer Date for a Series in a Monthly Period.

                  "Discount Note" has the meaning specified in the Indenture.

                  "Discount Option Date" has the meaning specified in the
Transfer and Servicing Agreement.

                  "Discount Receivables" has the meaning specified in the
Transfer and Servicing Agreement.

                  "Discount Receivables Collections" has the meaning specified
in the Transfer and Servicing Agreement.

                  "Dollar" or "$" has the meaning specified in the Transfer and
Servicing Agreement.

                  "Early Amortization Event" has the meaning specified in the
Indenture.

                  "Effective Date" means the date on which this Asset Pool One
Supplement is executed and delivered by the parties hereto.

                  "Eligible Account" has the meaning specified in the Transfer
and Servicing Agreement.

                  "Eligible Collateral Certificate" has the meaning specified in
the Transfer and Servicing Agreement.

                  "Event of Default" has the meaning specified in the Indenture.

                  "Excess Funding Account" has the meaning specified in
subsection 5.1(a)(ii).

                  "Excess Funding Amount" means at any time the aggregate amount
on deposit in the Excess Funding Account.

                                       10

<PAGE>

                  "Finance Charge Collections" has the meaning specified in the
Transfer and Servicing Agreement.

                  "Finance Charge Receivables" has the meaning specified in the
Transfer and Servicing Agreement.

                  "First Note Transfer Date" means, with respect to any Monthly
Period, the initial Note Transfer Date for any Series, Class or Tranche of Asset
Pool One Notes in such Monthly Period.

                  "First USA" means First USA Bank, National Association, a
national banking association, and its successors and permitted assigns.

                  "First USA Credit Card Master Trust Pooling and Servicing
Agreement" has the meaning specified in the Transfer and Servicing Agreement.

                  "Fitch" has the meaning specified in the Transfer and
Servicing Agreement.

                  "Gross Principal Receivables" has the meaning specified in the
Transfer and Servicing Agreement.

                  "Holder" has the meaning specified in the Indenture.

                  "Increase Date" has the meaning specified in subsection
2.4(a)(i).

                  "Indenture" means the Indenture, dated as of May 1, 2002,
between the Issuer and the Indenture Trustee, as the same may be amended,
supplemented or otherwise modified from time to time.

                  "Indenture Supplement" has the meaning specified in the
Indenture.

                  "Indenture Trustee" has the meaning specified in the
Indenture.

                  "Ineligible Receivables" has the meaning specified in the
Transfer and Servicing Agreement.

                  "Initial Collateral Certificate" has the meaning specified in
the Transfer and Servicing Agreement.

                  "Insolvency Event" has the meaning specified in the Transfer
and Servicing Agreement.

                                       11

<PAGE>

               "Interchange" has the meaning specified in the Transfer and
Servicing Agreement.

               "Interchange Amount" has the meaning specified in the Transfer
and Servicing Agreement.

               "Invested Amount" has, with respect to any Asset Pool One
Collateral Certificate, the meaning specified in the applicable Series
Supplement.

               "Issuer" has the meaning specified in the first paragraph of this
Asset Pool One Supplement.

               "Issuer Tax Opinion" has the meaning specified in the Indenture.

               "Legal Maturity Date" has, for any Note, the meaning specified in
the Indenture.

               "Majority Holders" has the meaning specified in the Indenture.

               "Master Trust" has the meaning specified in the Indenture.

               "Moody's" has the meaning specified in the Transfer and Servicing
Agreement.

               "Monthly Period" has the meaning specified in the Indenture.

               "Nominal Liquidation Amount" has, with respect to any Series,
Class or Tranche of Asset Pool One Notes, the meaning specified in the
applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool
One Notes.

               "Nominal Liquidation Amount Deficit" has, with respect to any
Series, Class or Tranche of Asset Pool One Notes, the meaning specified in the
applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool
One Notes.

               "Note" or "Notes" has the meaning specified in the Indenture.

               "Noteholder Percentage" means, for any Series of Asset Pool One
Notes, with respect to Asset Pool One Principal Collections, Asset Pool One
Finance Charge Collections, the Asset Pool One Default Amount and the Asset Pool
One Servicing Fee, the percentage stated in the applicable Indenture Supplement
for such Series of Asset Pool One Notes.

                                       12

<PAGE>

               "Note Rating Agency" means, with respect to any Outstanding Asset
Pool One Notes, each statistical rating agency selected by the Issuer to rate
such Notes.

               "Note Rating Agency Condition" has the meaning specified in the
Transfer and Servicing Agreement.

               "Note Registrar" has the meaning specified in the Indenture.

               "Note Transfer Date" means the Business Day prior to the Payment
Date for a Series, Class or Tranche of Asset Pool One Notes.

               "Notice Date" has the meaning specified in subsection 2.4(c)(ii).

               "Obligor" has the meaning specified in the Transfer and Servicing
Agreement.

               "Officer's Certificate" has the meaning specified in the
Indenture.

               "Opinion of Counsel" has the meaning specified in the Indenture.

               "Outstanding" has the meaning specified in the Indenture.

               "Outstanding Dollar Principal Amount" has the meaning specified
in the Indenture.

               "Owner Trustee" has the meaning specified in the Transfer and
Servicing Agreement.

               "Payment Date" has the meaning specified in the Indenture.

               "Permitted Investments" has the meaning specified in the
Indenture.

               "Person" has the meaning specified in the Indenture.

               "Prefunding Excess Amount" has, with respect to any Series, Class
or Tranche of Asset Pool One Notes, the meaning specified in the applicable
Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes.

               "Principal Collections" has the meaning specified in the Transfer
and Servicing Agreement.

                                       13

<PAGE>

               "Principal Receivables" has the meaning specified in the Transfer
and Servicing Agreement.

               "Principal Shortfalls" has the meaning specified in the
applicable Series Supplement for a Collateral Certificate.

               "Proposed Principal Shortfall Amount" has the meaning specified
in Section 3.13.

               "Qualified Bank Account" has the meaning specified in the
Indenture.

               "Qualified Institution" has the meaning specified in the
Indenture.

               "Ratings Effect" has the meaning specified in the Indenture.

               "Reallocation Group" means all Reallocation Series that have the
same Reallocation Group designation.

               "Reallocation Series" means a Series that, pursuant to the
Indenture Supplement therefor, will share certain Finance Charge Collections or
other specified amounts with other series in the same Reallocation Group, as
more specifically specified in such Indenture Supplement.

               "Reassignment" has the meaning specified in subsection
2.5(b)(ii).

               "Receivables" has the meaning specified in the Transfer and
Servicing Agreement.

               "Recoveries" has the meaning specified in the Transfer and
Servicing Agreement.

               "Remaining Series Available Principal Collections Shortfall" has,
with respect to any Series of Asset Pool One Notes, the meaning specified in the
applicable Indenture Supplement for such Series of Asset Pool One Notes.

               "Removal Date" has the meaning specified in subsection 2.5(a).

               "Removal Notice Date" has the meaning specified in subsection
2.5(a).

               "Removed Asset Pool One Accounts" has the meaning specified in
subsection 2.5(a).

               "Requirements of Law" has the meaning specified in the Transfer
and Servicing Agreement.

                                       14

<PAGE>

               "Revolving Period" has, with respect to any Series, Class or
Tranche of Asset Pool One Notes, the meaning specified in the applicable
Indenture Supplement with respect to such Series, Class or Tranche of Asset Pool
One Notes.

               "Security Interest" means the security interest granted pursuant
to the Granting Clause.

               "Secured Party" has the meaning specified in the Granting Clause
of this Asset Pool One Supplement.

               "Series" means, with respect to any Note, the series specified in
the applicable Indenture Supplement.

               "Series Available Principal Collections Shortfall" has, with
respect to any Series of Asset Pool One Notes, the meaning specified in the
applicable Indenture Supplement for such Series of Asset Pool One Notes.

               "Series 2002-CC Supplement" has the meaning specified in the
Transfer and Servicing Agreement.

               "Series Supplement" has the meaning specified in the Indenture.

               "Servicer" has the meaning specified in the Transfer and
Servicing Agreement.

               "Servicer Rating Event" has the meaning specified in the Transfer
and Servicing Agreement.

               "SFAS 140" has the meaning specified in the Transfer and
Servicing Agreement.

               "Shared Excess Available Principal Collections" has, with respect
to any Series of Asset Pool One Notes, the meaning specified in the applicable
Indenture Supplement for such Series of Asset Pool One Notes.

               "Standard and Poor's" has the meaning specified in the Transfer
and Servicing Agreement.

               "Sub-Account" has the meaning specified in the Indenture.

               "Successor Servicer" has the meaning specified in subsection
10.02(a) of the Transfer and Servicing Agreement.

                                       15

<PAGE>

               "Supplemental Bank Account" means the trust account or accounts
designated as such and established pursuant to subsection 5.1(a)(i).

               "Supplemental Credit Enhancement Agreement" has the meaning
specified in the Indenture.

               "Supplemental Credit Enhancement Provider" has the meaning
specified in the Indenture.

               "Supplemental Liquidity Agreement" has the meaning specified in
the Indenture.

               "Supplemental Liquidity Provider" has the meaning specified in
the Indenture.

               "Targeted Interest Deposit Amount" has, with respect to any
Series, Class or Tranche of Asset Pool One Notes, the meaning specified in the
applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool
One Notes.

               "Targeted Principal Deposit Amount" has, with respect to any
Series, Class or Tranche of Asset Pool One Notes, the meaning specified in the
applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool
One Notes.

               "Tranche" has the meaning specified in the Indenture.

               "Transfer and Servicing Agreement" means the Transfer and
Servicing Agreement, dated as of May 1, 2002, among First USA, as Transferor,
Servicer and Administrator, the Issuer, and Wells Fargo Bank Minnesota, National
Association, as Indenture Trustee and Collateral Agent, as amended, supplemented
or restated from time to time.

               "Transfer Restriction Event" has the meaning specified in the
Transfer and Servicing Agreement.

               "Transferor" has the meaning specified in the Transfer and
Servicing Agreement.

               "Transferor Certificate" means, for Asset Pool One, if any
Transferor elects to evidence its interest in the Transferor Interest in
certificated form, the certificate executed by the Issuer and authenticated by
the Owner Trustee, substantially in the form set forth as Exhibit A; provided,
that as used herein and in any Indenture Supplement "Transferor Certificate"
shall mean either a certificate executed and delivered by the Issuer and
authenticated by the Owner Trustee substantially in the form of Exhibit A or the
uncertificated interest in the Transferor Interest.

                                       16

<PAGE>

          "Transferor Interest" means, with respect to Asset Pool One, the
interest in Asset Pool One not represented by the issued and Outstanding Asset
Pool One Notes.

          "Trust" has the meaning specified in the first paragraph of this Asset
Pool One Supplement.

          "Trust Agreement" has the meaning specified in the Transfer and
Servicing Agreement.

          "Trust Indenture Act" has the meaning specified in the Indenture.

          "UCC" has the meaning specified in the Transfer and Servicing
Agreement.

          "Yield Factor" has the meaning specified in the Transfer and Servicing
Agreement.

          Section 1.2 Effect of Headings and Table of Contents. The Article and
Section headings herein and the Table of Contents are for convenience only and
will not affect the construction hereof.

          Section 1.3 Successors and Assigns. All covenants and agreements in
this Asset Pool One Supplement by the Issuer will bind its successors and
assigns, whether so expressed or not. All covenants and agreements of the
Collateral Agent in this Asset Pool One Supplement shall bind the successors and
agents of the Collateral Agent.

          Section 1.4 Separability. In case any provision in this Asset Pool One
Supplement will be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions will not in any way be affected or
impaired thereby.

          Section 1.5 Governing Law. THIS ASSET POOL ONE SUPPLEMENT WILL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE,
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 1.6 Counterparts. This Asset Pool One Supplement may be
executed in any number of counterparts, each of which so executed will be deemed
to be an original, but all such counterparts will together constitute but one
and the same instrument.

                                       17

<PAGE>

                               [END OF ARTICLE I]

                                       18

<PAGE>

                                   ARTICLE II

                                   COLLATERAL

          Section 2.1 Initial Collateral.
                      ------------------

          The Issuer hereby designates the Initial Collateral Certificate issued
pursuant to the Series 2002-CC Supplement to the First USA Credit Card Master
Trust Pooling and Servicing Agreement as an Asset Pool One Collateral
Certificate. Such Initial Collateral Certificate shall be registered in the name
of the Collateral Agent and delivered to the Collateral Agent on the date hereof
in accordance with Section 4.14 and, unless written notice has been delivered to
the Servicer, the Owner Trustee and the Indenture Trustee, shall be held by the
Collateral Agent in the State of New York.

          Section 2.2 Reinvestment in Collateral
                      --------------------------

          (a) On each First Note Transfer Date, the Asset Pool One Reinvestment
Amount for the immediately preceding Monthly Period shall be applied in the
following order of priority:

                 (i)  if the Collateral includes one or more Asset Pool One
     Collateral Certificates, pursuant to the Transfer and Servicing Agreement,
     the Servicer, on behalf of the Issuer, shall specify the amount of the
     Asset Pool One Reinvestment Amount to be reinvested in each Asset Pool One
     Collateral Certificate previously designated as part of the Collateral for
     Asset Pool One which amount shall be determined by the Servicer, on behalf
     of the Issuer, in its own discretion, and no such reinvestment shall be
     required; provided, however, that, subject to the restrictions specified in
     subsection 2.3(c), the Issuer shall be required to increase the Invested
     Amount of an existing Asset Pool One Collateral Certificate if Collateral
     is required to be added pursuant to subsection 2.4(a) and the applicable
     Transferor elects to increase the Invested Amount of one or more existing
     Asset Pool One Collateral Certificates as specified in such Section (so
     long as the Transfer and Servicing Agreement and the applicable Series
     Supplement each allows such reinvestment and the transferor or seller for
     the related Master Trust agrees to such reinvestment); and

                 (ii) the remainder of such amounts shall be paid to the holders
     of the Asset Pool One Transferor Amount; provided, however, that if the
     Asset Pool One Transferor Amount for the prior Monthly Period did not equal
     or exceed the Asset Pool One Required Transferor Amount for the prior
     Monthly Period or the Asset Pool One Pool Balance for such prior Monthly
     Period did not equal or exceed the Asset Pool One Minimum Pool Balance for
     such prior Monthly Period (after application of the Asset Pool

                                       19

<PAGE>

     One Reinvestment Amount, if any, pursuant to this Section), such amount
     shall be deposited in the Excess Funding Account for Asset Pool One.

          (b) Each Asset Pool One Receivable shall be transferred to the Issuer
pursuant to the Transfer and Servicing Agreement and designated for inclusion in
Asset Pool One and pledged to secure the Asset Pool One Notes on the day that
such Asset Pool One Receivable arises pursuant to this Asset Pool One
Supplement.

          Section 2.3 Increases in the Invested Amount of an Existing Asset Pool
                      ----------------------------------------------------------
One Collateral Certificate.
--------------------------

          (a) In addition to the increases described in Section 2.2 above, the
Invested Amount of any existing Asset Pool One Collateral Certificate may be
increased by the applicable Transferor on any Business Day in connection with:

              (i)  the issuance of an additional Series, Class or Tranche of
     Asset Pool One Notes; or

              (ii) the increase of the Asset Pool One Transferor Amount.

          (b) In connection with any increase in the Invested Amount of an
existing Asset Pool One Collateral Certificate, such increase shall either be
funded from the proceeds of the issuance of an additional Series, Class or
Tranche of Asset Pool One Notes or be funded by the applicable Transferor (which
funding may be in cash or through an increase in the Transferor Interest for
Asset Pool One).

          (c) Notwithstanding any other provision of this Agreement, with
respect to any Monthly Period, the Invested Amount of an existing Asset Pool One
Collateral Certificate shall not be increased if (i) an Early Amortization Event
shall have occurred with respect to any Asset Pool One Notes as a result of a
failure to add Collateral to Asset Pool One or a failure to increase the
Invested Amount of an existing Asset Pool One Collateral Certificate at a time
when the Asset Pool One Pool Balance for the prior Monthly Period is less than
the Asset Pool One Minimum Pool Balance for such prior Monthly Period and (ii)
increasing the Invested Amount of or reinvesting in an existing Asset Pool One
Collateral Certificate would result in a reduction in the allocation percentage
applicable for principal collections for such existing Asset Pool One Collateral
Certificate.

          Section 2.4 Addition of Collateral.
                      ----------------------

          (a) Required Additions.

                                       20

<PAGE>

          (i) If,(A) as determined on any Determination Date, the Asset Pool
One Transferor Amount for the prior Monthly Period is less than the Asset Pool
One Required Transferor Amount for such prior Monthly Period, the Issuer shall
(1) designate Receivables in additional Accounts for inclusion in Asset Pool One
(each, an "Additional Asset Pool One Account"), (2) designate one or more
Additional Collateral Certificates for inclusion in Asset Pool One (each, an
"Additional Asset Pool One Collateral Certificate") or (3) increase the Invested
Amount of one or more existing Asset Pool One Collateral Certificates pursuant
to Section 2.2 or Section 2.3 in a sufficient amount such that, after giving
effect to such addition or increase, the Asset Pool One Transferor Amount for
the prior Monthly Period would have been at least equal to the Asset Pool One
Required Transferor Amount for such prior Monthly Period, or (B) as determined
on any Determination Date, the Asset Pool One Pool Balance for the prior Monthly
Period is less than the Asset Pool One Minimum Pool Balance for such prior
Monthly Period, the Issuer shall (1) designate Receivables in Additional Asset
Pool One Accounts for inclusion in Asset Pool One, (2) designate one or more
Additional Asset Pool One Collateral Certificates for inclusion in Asset Pool
One or (3) increase the Invested Amount of one or more existing Asset Pool One
Collateral Certificates pursuant to Section 2.2 or Section 2.3 in a sufficient
amount such that, after giving effect to such addition or increase, the Asset
Pool One Pool Balance would have been equal to or greater than the Asset Pool
One Minimum Pool Balance for such prior Monthly Period; provided, however, that
in the event of a Servicer Rating Event, the Asset Pool One Transferor Amount
and the Asset Pool One Pool Balance will be determined on a daily basis in
accordance with a method to be determined by the Transferor, subject to
satisfaction of the Note Rating Agency Condition.

     Any increase in the Invested Amount of one or more existing Asset Pool One
Collateral Certificates shall occur and/or designation of Receivables in any
Additional Asset Pool One Accounts and/or any Additional Asset Pool One
Collateral Certificates to be transferred to the Trust and designated for
inclusion in Asset Pool One shall be transferred to the Trust and designated for
inclusion in Asset Pool One, as applicable, on or before the thirtieth Business
Day following such Determination Date (such date, in connection with the
addition of Additional Asset Pool One Accounts or Additional Asset Pool One
Collateral Certificates, the "Addition Date" and in connection with the increase
of an existing Asset Pool One Collateral Certificate, the "Increase Date");
provided, however, that in the event of a Servicer Rating Event, any such
Addition Date or Increase Date shall be on or before the tenth Business Day
following such Determination Date. The failure of any Transferor to increase the
Asset Pool One Transferor Amount or the Asset Pool One Pool Balance as provided
in this clause (i) solely as a result of the unavailability to such Transferor
of a sufficient amount of Additional Asset Pool One Accounts and/or Additional
Asset Pool One Collateral Certificates and/or the inability to increase the
Invested Amount of one or more existing Asset Pool One Collateral Certifi-

                                       21

<PAGE>

      cates shall not constitute a breach of this Asset Pool One Supplement or
      the Transfer and Servicing Agreement; provided that any such failure which
      has not been timely cured may nevertheless result in the occurrence of an
      Early Amortization Event.

            (ii) Any Additional Asset Pool One Accounts or Additional Asset Pool
      One Collateral Certificates designated to be included in Asset Pool One
      pursuant to clause (i) above may only be so included if the applicable
      conditions specified in subsection (c) below have been satisfied.

        (b) Permitted Additions.

            (i) In addition to its obligation under subsection 2.4(a), the
      Issuer may, but shall not be obligated to, subject to the conditions in
      paragraph (c) below, (x) designate from time to time Receivables in
      Additional Asset Pool One Accounts to be included as Collateral, and/or
      Additional Asset Pool One Collateral Certificates to be included as
      Collateral and (y) increase the Invested Amount of existing Asset Pool One
      Collateral Certificates. Such additional Collateral shall be transferred
      to the Issuer and designated for inclusion in Asset Pool One on the
      Addition Date or Increase Date, as applicable.

            (ii) On any Business Day, consideration in the form of cash will be
      applied or an increase in the Asset Pool One Transferor Amount will be
      effected in connection with any increase in the Collateral.

        (c) Conditions to Additions. On each Addition Date with respect to any
Additional Asset Pool One Accounts and/or Additional Asset Pool One Collateral
Certificates, the applicable Receivables in Additional Asset Pool One Accounts
(and such Additional Asset Pool One Accounts shall be deemed to be Accounts for
purposes of this Asset Pool One Supplement) or the applicable Additional Asset
Pool One Collateral Certificates existing as of the close of business on the
applicable Addition Date shall be designated as additional Collateral, subject
to the satisfaction of the following conditions (which shall not apply with
respect to any increase in the Invested Amount of any existing Asset Pool One
Collateral Certificate except as specified in clause (ii) below):

            (i) all of the requirements for the addition of Accounts set forth
      under subsection 2.12(c) of the Transfer and Servicing Agreement shall
      have been satisfied and all of the representations and warranties set
      forth under subsection 2.04(a) of the Transfer and Servicing Agreement to
      be made on each Addition Date shall be true and correct in all material
      respects on such Addition Date;

                                       22

<PAGE>

              (ii)  on or before the third Business Day prior to the Addition
      Date or Increase Date, as applicable, with respect to additions or
      increases pursuant to subsection 2.4(a) and on or before the fifth
      Business Day prior to the Addition Date with respect to additions pursuant
      to subsection 2.4(b) (the "Notice Date"), the Issuer shall have delivered
      to the Indenture Trustee, the Collateral Agent, each Note Rating Agency
      and the Servicer written notice (unless such notice requirement is
      otherwise waived) that such additional Collateral will be designated for
      inclusion in Asset Pool One, or an increased Invested Amount of an
      existing Asset Pool One Collateral Certificate will be designated for
      inclusion in the Collateral (the latter notice requirement shall only
      apply to increases made pursuant to subsection 2.4(a); provided, however,
      that notice shall be delivered to the Collateral Agent in connection with
      any increase in the Invested Amount of an existing Asset Pool One
      Collateral Certificate) which notice shall specify, as applicable, (x) the
      approximate aggregate amount of the Principal Receivables to be designated
      for inclusion in Asset Pool One, (y) the Invested Amount of the Additional
      Asset Pool One Collateral Certificates to be designated for inclusion in
      Asset Pool One or (z) the amount by which the Invested Amount of an
      existing Asset Pool One Collateral Certificate is to be increased, as well
      as the applicable Addition Date or Increase Date and, in connection with
      the Additional Asset Pool One Accounts, the Addition Cut Off Date;

              (iii) as of the applicable Addition Cut Off Date, each Additional
      Asset Pool One Account is an Eligible Account;

              (iv)  as of the applicable Addition Date, each Additional Asset
      Pool One Collateral Certificate is an Eligible Collateral Certificate;

              (v)   on or before the Addition Date with respect to Additional
      Asset Pool One Accounts and the Receivables arising thereunder, the Issuer
      shall have delivered to the Collateral Agent and the Servicer a written
      assignment (including an acceptance by the Collateral Agent for the
      benefit of the Asset Pool One Noteholders and the other Secured Parties)
      in substantially the form of Exhibit B (the "Account Assignment") and the
      Issuer shall have delivered to the Collateral Agent a computer file
      containing a true and complete list of all Additional Asset Pool One
      Accounts, identified by account number and the aggregate amount of the
      Receivables in each Additional Asset Pool One Account as of the Addition
      Cut Off Date, which computer file shall be as of the date of such Account
      Assignment incorporated into and made a part of such Account Assignment
      and this Asset Pool One Supplement;

              (vi)  on or before the Addition Date with respect to Additional
      Asset Pool One Collateral Certificates, the Issuer shall have delivered to
      the Collateral Agent and the Servicer a written assignment in
      substantially the form of Exhibit C (the "Certifi-

                                       23

<PAGE>

      cate Assignment") and each Collateral Certificate shall be registered in
      the name of and shall be delivered to the Collateral Agent in accordance
      with Section 4.14;

              (vii)  as of each of the Addition Cut Off Date and the Addition
      Date, no Insolvency Event with respect to the Account Owner, as
      applicable, the applicable Transferor or the Issuer shall have occurred
      nor shall the transfer to Asset Pool One of the Receivables arising in the
      Additional Asset Pool One Accounts or of the Additional Asset Pool One
      Collateral Certificate, as applicable, have been made in contemplation of
      the occurrence thereof;

              (viii) the designation for inclusion in Asset Pool One of the
      Receivables arising in the Additional Asset Pool One Accounts or of the
      Additional Asset Pool One Collateral Certificates shall not, in the
      reasonable belief of the Issuer, result in an Adverse Effect;

              (ix)   if, with respect to any three-month period or with respect
      to any twelve-month period, the aggregate number of Additional Asset Pool
      One Accounts designated to have their Receivables added to the Trust shall
      exceed the applicable Aggregate Addition Limit, the Issuer shall have
      received notice from each Note Rating Agency that the inclusion pursuant
      to subsection 2.4(b) of such Additional Asset Pool One Accounts in Asset
      Pool One in excess of the applicable Aggregate Addition Limit will not
      result in the reduction or withdrawal of its then existing rating of any
      Series, Class or Tranche of Asset Pool One Notes then issued and
      Outstanding and shall have delivered such notice to the Collateral Agent;

              (x)    if so notified by any Note Rating Agency on or before the
      second Business Day prior to the Addition Date with respect to additions
      of Additional Asset Pool One Collateral Certificates pursuant to
      subsection 2.4(a) or on or before the fourth Business Day prior to the
      Addition Date with respect to additions of Additional Asset Pool One
      Collateral Certificates pursuant to subsection 2.4(b) that such Note
      Rating Agency has elected to impose a Note Rating Agency Condition with
      respect to the addition of an Additional Asset Pool One Collateral
      Certificate, the Issuer shall have received notice from such Note Rating
      Agency on or prior to the applicable Addition Date that the Note Rating
      Agency Condition shall have been satisfied with respect to such Note
      Rating Agency and the Issuer shall have delivered such notice to the
      Collateral Agent; and

              (xi)   the Issuer shall have delivered to the Collateral Agent an
      Officer's Certificate, dated the Addition Date, confirming, to the extent
      applicable, the items set forth in clauses (iii) through (x) above.

                                       24

<PAGE>

         Section 2.5 Removal of Accounts.

         (a)   Subject to the conditions set forth below, the Issuer may, but
shall not be obligated to, designate Asset Pool One Receivables from Asset Pool
One Accounts for removal ("Removed Asset Pool One Accounts") from the
Collateral. On or before the fifth Business Day (the "Removal Notice Date")
prior to the date on which the Asset Pool One Receivables from the designated
Removed Asset Pool One Accounts will be reassigned by the Collateral Agent to
the Issuer (the "Removal Date"), the Issuer shall give the Indenture Trustee,
the Owner Trustee, the Collateral Agent, the Servicer and each Note Rating
Agency written notice that the Asset Pool One Receivables from such Removed
Asset Pool One Accounts are to be reassigned to the Issuer.

         (b)   The Issuer shall be permitted to designate and require
reassignment to it of the Asset Pool One Receivables from Removed Asset Pool One
Accounts only upon satisfaction of the following conditions:

               (i)   the removal of any Asset Pool One Receivables of any
      Removed Asset Pool One Accounts on any Removal Date shall not, in
      the reasonable belief of the Issuer cause an Adverse Effect or the Asset
      Pool One Transferor Amount to be less than the Asset Pool One Required
      Transferor Amount or the Asset Pool One Pool Balance to be less than the
      Asset Pool One Minimum Pool Balance for the Monthly Period in which such
      removal occurs;

               (ii)  on or prior to the Removal Date, the Issuer shall have
      delivered to the Collateral Agent for execution a written assignment in
      substantially the form of Exhibit D (the "Reassignment") and, within 5
      Business Days thereafter, or as otherwise agreed upon between the Issuer
      and the Collateral Agent, the Issuer shall have delivered to the
      Collateral Agent a computer file containing a true and complete list of
      all Removed Asset Pool One Accounts identified by account number and the
      aggregate amount of the Asset Pool One Receivables in each Removed Asset
      Pool One Account as of the Removal Date, which computer file shall as of
      the Removal Date modify and amend and be made a part of this Asset Pool
      One Supplement;

               (iii) the Servicer shall represent and warrant that (x) a random
      selection procedure was used by the Servicer in selecting the Removed
      Asset Pool One Accounts and only one such removal of randomly selected
      Asset Pool One Accounts shall occur in the then current Monthly Period,
      (y) the Removed Asset Pool One Accounts arose pursuant to an affinity,
      private-label, agent-bank, co-branding or other arrangement with a third
      party that has been cancelled by such third party or has expired without
      renewal and which by its terms permits the third party to repurchase the
      Removed Asset Pool One Accounts subject to such arrangement, upon such
      cancellation or non-renewal and the

                                       25

<PAGE>

      third party has exercised such repurchase right or (z) the Removed Asset
      Pool One Accounts were selected using another method that will not
      preclude transfers from being accounted for as sales under generally
      accepted accounting principles or prevent the Issuer from continuing to
      qualify as a qualifying special purpose entity in accordance with SFAS 140
      (or any relevant replacement statement);

              (iv) on or before the tenth Business Day prior to the Removal
      Date, each Note Rating Agency shall have received notice from the Servicer
      of such proposed removal of the Asset Pool One Receivables of such Asset
      Pool One Accounts and, if such removal is pursuant to subclause (iii)(y)
      or (z) above, the Note Rating Agency Condition shall have been satisfied;
      and

              (v)  (A) the Issuer shall have delivered to the Collateral Agent
      an Officer's Certificate confirming the items set forth in clauses (i) and
      (ii) above, (B) the Servicer shall have delivered to the Collateral Agent
      an Officer's Certificate confirming the items set forth in clauses (iii)
      and (iv) above. The Indenture Trustee and the Collateral Agent may
      conclusively rely on such Officer's Certificate, shall have no duty to
      make inquiries with regard to the matters set forth therein and shall
      incur no liability in so relying.

          Upon satisfaction of the above conditions, the Collateral Agent shall
execute and deliver the Reassignment to the Issuer, and the Asset Pool One
Receivables from the Removed Asset Pool One Accounts shall no longer constitute
a part of the Collateral. Thereafter, such Accounts shall be removed from the
Trust pursuant to Section 2.13 of the Transfer and Servicing Agreement.

          Section 2.6 Account Allocations. In the event that the Issuer is
unable for any reason to designate Asset Pool One Receivables for inclusion in
Asset Pool One in accordance with the provisions of this Asset Pool One
Supplement (including, without limitation, by reason of a Transfer Restriction
Event), then, in any such event, (a) the Issuer and the Servicer agree (except
as prohibited by any such order) to allocate and pay to Asset Pool One, after
the date of such inability, all Collections, including Collections of Principal
Receivables and Finance Charge Receivables designated for inclusion in Asset
Pool One prior to the occurrence of such event, and all amounts which would have
constituted Collections with respect to Principal Receivables and Finance Charge
Receivables but for the Issuer's inability to designate such Asset Pool One
Receivables (up to the lesser of the amount of such insufficiency or an
aggregate amount equal to the amount of Principal Receivables and Finance Charge
Receivables in Asset Pool One on such date transferred to Asset Pool One by the
Issuer), (b) the Issuer and the Servicer agree that such amounts will be applied
as Collections in accordance with the terms hereof and the terms of each
Indenture Supplement and (c) for only so long as the allocation and application
of all Collections and all amounts that would have constituted Collections are
made in accordance with clauses (a)

                                       26

<PAGE>

and (b) above, Principal Receivables and Finance Charge Receivables (and all
amounts which would have constituted Principal Receivables and Finance Charge
Receivables but for the Issuer's inability to designate Asset Pool One
Receivables for inclusion in Asset Pool One) which are charged off as
uncollectible in accordance with this Asset Pool One Supplement shall continue
to be allocated in accordance with the terms hereof and each Indenture
Supplement and all amounts that would have constituted Principal Receivables but
for the Issuer's inability to designate Asset Pool One Receivables for inclusion
in Asset Pool One shall be deemed to be Principal Receivables for the purpose of
calculating the applicable Noteholder Percentage with respect to Principal
Receivables with respect to any Series, Class or Tranche secured by the Asset
Pool One Receivables. For the purpose of the immediately preceding sentence, the
Issuer and the Servicer shall treat the first received Collections with respect
to the Asset Pool One Accounts as allocable to Asset Pool One until Asset Pool
One shall have been allocated and paid Collections in an amount equal to the
aggregate amount of Principal Receivables in Asset Pool One as of the date of
the occurrence of such event. If the Issuer and the Servicer are unable pursuant
to any Requirements of Law to allocate Collections as described above, the
Issuer and the Servicer agree that, after the occurrence of such event, payments
on each Asset Pool One Account with respect to the principal balance of such
Asset Pool One Account shall be allocated first to the oldest principal balance
of such Asset Pool One Account and shall have such payments applied as
Collections in accordance with the terms hereof and each Indenture Supplement.
The parties hereto agree that Asset Pool One Finance Charge Receivables,
whenever created, accrued in respect of Principal Receivables which have been
conveyed to Asset Pool One, or that would have been conveyed to Asset Pool One
but for the above described inability to designate such Asset Pool One
Receivables, shall continue to be a part of Asset Pool One notwithstanding any
cessation of the transfer of additional Principal Receivables to Asset Pool One
and Collections with respect thereto shall continue to be allocated and paid in
accordance with the terms hereof and each Indenture Supplement.

         Section 2.7  Discount Receivables.
                      --------------------

         (a) In the event the Transferor, pursuant to the Transfer and Servicing
Agreement, opts to designate at any time and from time to time the Yield Factor
of all or any specified portion of Gross Principal Receivables outstanding in
Asset Pool One on any date of determination and subsequently created to be
treated as Discount Receivables and included in Finance Charge Receivables, such
designation shall be applicable under this Asset Pool One Supplement and each
Indenture Supplement. Subject to the conditions specified in the Transfer and
Servicing Agreement, the Yield Factor may, without notice to or the consent of
any Noteholder in Asset Pool One, from time to time, be increased, reduced or
eliminated on or after such Discount Option Date; provided, however, that on
each Discount Option Date after a change in Yield Factor, the Transferor shall
apply the new Yield Factor to all or the portion of the Gross Principal
Receivables outstanding in Asset Pool One which are to be treated as Discount
Receivables.

                                       27

<PAGE>

         (b)  After the Discount Option Date, Discount Receivables Collections
with respect to Asset Pool One Receivables shall be treated as Asset Pool One
Finance Charge Collections.

         Section 2.8 Recording, Etc.
                     --------------

         (a)  The Issuer intends the Security Interest granted pursuant to this
Asset Pool One Supplement in favor of the Collateral Agent to be prior to all
other liens in respect of the Collateral. Subject to Section 2.9, the Issuer
will take all actions necessary to obtain and maintain a perfected lien on and
security interest in the Collateral in favor of the Collateral Agent. The Issuer
will from time to time execute, authorize and deliver all such supplements and
amendments hereto and all such financing statements, continuation statements,
instruments of further assurance and other instruments, all as prepared by the
Issuer, and will take such other action necessary or advisable to:

              (i) grant a Security Interest more effectively in all or any
     portion of the Collateral;

              (ii)  maintain or preserve the Security Interest (and the priority
     thereof) created by this Asset Pool One Supplement or carry out more
     effectively the purposes hereof;

              (iii) perfect, publish notice of or protect the validity of any
     grant made or to be made by this Asset Pool One Supplement;

              (iv)  enforce each Asset Pool One Collateral Certificate, the
      Asset Pool One Receivables, any Derivative Agreements, any Supplemental
      Credit Enhancement Agreements and any Supplemental Liquidity Agreements
      and each other instrument or agreement designated for inclusion in the
      Collateral;

              (v)   preserve and defend title to the Collateral and the rights
     of the Collateral Agent in the Collateral against the claims of all persons
     and parties; or

              (vi)  pay all taxes or assessments levied or assessed upon the
     Collateral when due.

         (b)  The Issuer will from time to time promptly pay and discharge all
financing and continuation statement recording and/or filing fees, charges and
taxes relating to this Indenture, any amendments thereto and any other
instruments of further assurance. The Issuer hereby designates the Servicer its
agent and attorney-in-fact to authorize upon the Issuer's failure

                                       28

<PAGE>

to do so, any financing statement, continuation statement or other instrument
required by the Collateral Agent pursuant to this Section.

           (c) Without limiting the generality of clause (a)(ii) or (a)(iii):

               (i) The Issuer will cause this Asset Pool One Supplement, all
      amendments and supplements hereto and/or all financing statements and
      continuation statements and any other necessary documents covering the
      Collateral Agent's right, title and interest in and to the Collateral to
      be promptly recorded, registered and filed, and at all times to be kept,
      recorded, registered and filed, all in such manner and in such places as
      may be required by law fully to preserve and protect the right, title and
      interest of the Collateral Agent in and to all property comprising the
      Collateral. The Issuer will deliver to the Collateral Agent file-stamped
      copies of, or filing receipts for, any document recorded, registered or
      filed as provided above, as soon as available following such recording,
      registration or filing.

               (ii) Within 30 days after the Issuer makes any change in its
      name, identity or corporate structure which would make any financing
      statement or continuation statement filed in accordance with paragraph (d)
      seriously misleading within the meaning of Section 9-506 (or any
      comparable provision) of the UCC, the Issuer will give the Collateral
      Agent notice of any such change and will file such financing statements or
      amendments as may be necessary to continue the perfection of the
      Collateral Agent's interest in the Collateral.

           (d) The Issuer will give the Collateral Agent prompt notice of any
relocation of its state of location, and any change in the jurisdiction of its
organization, and whether, as a result of such relocation or change, the
applicable provision of the UCC would require the filing of any amendment of any
previously filed financing or continuation statement or of any new financing
statement and will file such financing statements or amendments as may be
necessary to perfect or to continue the perfection of the Collateral Agent's
security interest in the Collateral. The Issuer will at all times maintain its
chief executive office within the United States.

           (e) The duty of the Collateral Agent to execute or authorize any
instrument required pursuant to this Section will arise only if the Collateral
Agent has actual knowledge of the type described in Section 6.01(c) of the
Indenture of any default of the Issuer in complying with the provisions of this
Section.

           Section 2.9 Trust Indenture Act Requirements. The release of any
Collateral from the lien created by this Asset Pool One Supplement or the
release, in whole or in part, of the liens on all Collateral, will not be deemed
to impair the Security Interest in contravention of the provisions hereof if and
to the extent the Collateral or liens are released pursuant to the terms

                                       29

<PAGE>

hereof. The Collateral Agent and the Indenture Trustee, each in its individual
capacity, and each of the Asset Pool One Noteholders are hereby deemed to
acknowledge that a release of Collateral securing an Asset Pool or liens
strictly in accordance with the terms hereof will not be deemed for any purpose
to be an impairment of the remaining Security Interests in contravention of the
terms of this Asset Pool One Supplement. To the extent applicable, without
limitation, the Issuer will cause Section 314(d) of the Trust Indenture Act
relating to the release of property or securities from the liens hereof to be
complied with. Any certificate or opinion required by Section 314(d) of the
Trust Indenture Act may be made by an officer of the Issuer, except in cases in
which Section 314(d) of the Trust Indenture Act requires that such certificate
or opinion be made by an independent person.

           Section 2.10 Suits To Protect the Collateral. Subject to the
provisions of this Asset Pool One Supplement, the Collateral Agent will have
power to institute and to maintain such suits and proceedings as it may deem
expedient to prevent any impairment of the Collateral by any acts which may be
unlawful or in violation of this Asset Pool One Supplement, and such suits and
proceedings as the Collateral Agent may deem expedient to preserve or protect
the interests of the Asset Pool One Noteholders and the interests of the
Indenture Trustee and the Collateral Agent, each in its individual capacity, in
the Collateral (including power to institute and maintain suits or proceedings
to restrain the enforcement of or compliance with any legislative or other
governmental enactment, rule or order that may be unconstitutional or otherwise
invalid if the enforcement of, or compliance with, such enactment, rule or order
would impair the Security Interest or be prejudicial to the interests of the
Asset Pool One Noteholders or the Collateral Agent). No counterparties to a
Derivative Agreement, Supplemental Credit Enhancement Agreement or Supplemental
Liquidity Agreement may direct the Collateral Agent to enforce the Security
Interest. Each Derivative Counterparty's, Supplemental Credit Enhancement
Provider's and Supplemental Liquidity Provider's rights consist solely of the
right to receive Collections allocated for such party's benefit pursuant to the
related Indenture Supplement.

           Section 2.11 Purchaser Protected. In no event will any purchaser in
good faith of any property purported to be released hereunder be bound to
ascertain the authority of the Collateral Agent to execute the release or to
inquire as to the satisfaction of any conditions required by the provisions
hereof for the exercise of such authority or to see to the application of any
consideration given by such purchaser or other transferee; nor will any
purchaser or other transferee of any property or rights permitted by this
Article to be sold be under any obligation to ascertain or inquire into the
authority of the Issuer or any other obligor, as applicable, to make any such
sale or other transfer.

           Section 2.12 Powers Exercisable by Receiver or Collateral Agent. In
case the Collateral shall be in the possession of a receiver or trustee,
lawfully appointed, the powers conferred in this Article II upon the Issuer or
any other obligor, as applicable, with respect to the release, sale or other
disposition of such property may be exercised by such receiver or trustee,

                                       30

<PAGE>

and an instrument signed by such receiver or trustee shall be deemed the
equivalent of any similar instrument of the Issuer or any other obligor, as
applicable, or of any officer or officers thereof required by the provisions of
this Article II.

           Section 2.13 Determinations Relating to Collateral. In the event (i)
the Collateral Agent or the Indenture Trustee shall receive any written request
from the Issuer or any other obligor for consent or approval with respect to any
matter or thing relating to any Collateral or the Issuer's or any other
obligor's obligations with respect thereto or (ii) there shall be due to or from
the Collateral Agent or the Indenture Trustee under the provisions hereof any
performance or the delivery of any instrument or (iii) the Collateral Agent or
the Indenture Trustee shall become aware of any nonperformance by the Issuer or
any other obligor of any covenant or any breach of any representation or
warranty of the Issuer or any other obligor set forth in this Asset Pool One
Supplement, then, in each such event, the Collateral Agent or the Indenture
Trustee, as applicable, shall be entitled to hire experts, consultants, agents
and attorneys to advise the Collateral Agent or the Indenture Trustee, as
applicable, on the manner in which the Collateral Agent or the Indenture
Trustee, as applicable, should respond to such request or render any requested
performance or response to such nonperformance or breach (the expenses of which
will be reimbursed to the Collateral Agent or the Indenture Trustee, as
applicable pursuant to Section 4.6). Each of the Collateral Agent and the
Indenture Trustee will be fully protected in the taking of any action
recommended or approved by any such expert, consultant, agent or attorney or
agreed to by Holders of more than 66 2/3% of the Outstanding Dollar Principal
Amount of the Outstanding Asset Pool One Notes.

           Section 2.14 Release of all Collateral.

           (a) Subject to the payment of its fees and expenses pursuant to
Section 4.6, the Collateral Agent shall, at the request of the Issuer or when
otherwise required by the provisions of this Asset Pool One Supplement, execute
instruments to release property from the lien of this Asset Pool One Supplement,
or convey the Collateral Agent's interest (which is held by the Collateral Agent
for the benefit of the Noteholders) in the same, in a manner and under
circumstances which are not inconsistent with the provisions of this Asset Pool
One Supplement. No party relying upon an instrument executed by the Collateral
Agent as provided in this Article II will be bound to ascertain the Collateral
Agent's authority, inquire into the satisfaction of any conditions precedent or
see to the application of any funds.

           (b) Upon delivery of an Officer's Certificate certifying that the
Issuer's obligations under the Indenture and this Asset Pool One Supplement have
been satisfied and discharged by complying with the provisions of this Article
II, the Collateral Agent shall (i) execute and deliver such releases,
termination statements and other instruments (in recordable form, where
appropriate) as the Issuer or any other obligor, as applicable, may reasonably
request evidencing the termination of the Security Interest created by this
Asset Pool One Supplement

                                       31

<PAGE>

and (ii) not be deemed to hold the Security Interest for the benefit of itself,
the Indenture Trustee, the Asset Pool One Noteholders, any applicable Derivative
Counterparty, any applicable Supplemental Credit Enhancement Provider or any
applicable Supplemental Liquidity Provider.

                  (c) The Transferor and the Asset Pool One Noteholders shall be
entitled to receive at least 10 days written notice when the Collateral Agent
proposes to take any action pursuant to clause (a), accompanied by copies of any
instruments involved, and the Collateral Agent shall also be entitled to
require, as a condition to such action, an Opinion of Counsel, stating the legal
effect of any such action, outlining the steps required to complete the same,
and concluding that all conditions precedent to the taking of such action have
been complied with. Counsel rendering any such opinion may rely, without
independent investigation, on the accuracy and validity of any certificate or
other instrument delivered to the Collateral Agent in connection with any such
action.

                  Section 2.15 Certain Actions by Collateral Agent. Any action
taken by the Collateral Agent pursuant to this Article in respect of the release
of any or all of the Collateral will be taken by the Collateral Agent as its
interest in such Collateral may appear, and no provision of this Article II is
intended to, or will, excuse compliance with any provision hereof.

                  Section 2.16 Opinions as to Collateral.
                               -------------------------

                  (a) On the Effective Date, the Issuer shall furnish to the
Collateral Agent an Opinion of Counsel either stating that, in the opinion of
such counsel, such action has been taken with respect to the recording and
filing of this Asset Pool One Supplement, any indentures supplemental hereto,
and any other requisite documents, and with respect to the execution and filing
of any financing statements and continuation statements, as are necessary to
perfect and maintain the perfection of the Security Interest granted by this
Asset Pool One Supplement in favor of the Collateral Agent and reciting the
details of such action, or stating that, in the opinion of such counsel, no such
action is necessary to make such lien and security interest perfected.

                  (b) On or before April 30 in each calendar year, beginning in
2003, the Issuer shall furnish to the Collateral Agent an Opinion of Counsel
with respect to each UCC financing statement which has been filed by the Issuer
either stating that, (i) in the opinion of such counsel, such action has been
taken with respect to the recording, filing, re-recording and refiling of this
Asset Pool One Supplement, any amendments, supplements or modifications hereto
and any other requisite documents and with respect to the execution and filing
of any financing statements and continuation statements as is necessary to
maintain the first priority lien and Security Interest created by this Asset
Pool One Supplement and reciting the details of such action or (ii) in the
opinion of such counsel no such action is necessary to maintain such lien and
Security Interest. Such Opinion of Counsel will also describe the recording,
filing, re-recording and refiling of this Asset Pool One Supplement, any
amendments, supplements or modifications

                                       32

<PAGE>

hereto and any other requisite documents and the execution and filing of any
financing statements and continuation statements that will, in the opinion of
such counsel, be required to maintain the lien and Security Interest of this
Asset Pool One Supplement until April 30 in the following calendar year.

                  Section 2.17 Delegation of Duties. Until this appointment is
rescinded by the Issuer, the Issuer hereby appoints First USA to assist it in
its performance of its duties under this Asset Pool One Supplement. In addition,
the Issuer may contract with or appoint other Persons (including First USA and
its Affiliates) to assist it in performing its duties under this Asset Pool One
Supplement. Any performance of duties by a Person who is identified to the
Collateral Agent and the Indenture Trustee in an Officer's Certificate will be
deemed to be action taken by the Issuer.

                  Section 2.18 Issuer's Representations and Warranties. As of
each Issuance Date, the Issuer shall make the following representations and
warranties to the Collateral Agent. Such representations and warranties shall
survive until the termination of this Asset Pool One Supplement. Such
representations and warranties shall not be waived by any of the parties to this
Asset Pool One Supplement unless the Note Rating Agency Condition shall have
been satisfied with respect to such waiver.

                  (a) At the time of the granting of the security interest in
the Collateral, the Issuer owned and had good marketable title to the Collateral
free and clear of any Lien (other than any Lien for municipal or other local
taxes if such taxes were not then due and payable or if the Issuer was then
contesting the validity thereof in good faith by appropriate proceedings and had
set aside on its books and records adequate reserves with respect thereto),
claim or encumbrance of any Person.

                  (b) This Asset Pool One Supplement creates a valid and
continuing security interest (as defined in the applicable UCC) in the
Collateral in favor of the Collateral Agent, which security interest is prior to
all other Liens, and is enforceable as such against creditors of and purchasers
from the Issuer.

                  (c) The Issuer has caused or will have caused within ten days
of the granting of the security interest in any portion of the Collateral, the
filing of all appropriate financing statements in the proper filing office in
the appropriate jurisdictions under applicable law in order to perfect the
security interest in the Collateral granted to the Collateral Agent hereunder.

                  (d) Other than the security interest granted to the Collateral
Agent pursuant to this Asset Pool One Supplement or any other security interest
that has been terminated, the Issuer has not pledged, assigned, sold, granted a
security interest in, or otherwise conveyed the Collateral; the Issuer has not
authorized the filing of and is not aware of any financing statements

                                       33

<PAGE>

against the Issuer that include a description of collateral covering the
Collateral other than any financing statement relating to the security interest
granted to the Collateral Agent hereunder or that has been terminated; and the
Issuer is not aware of any judgment or tax lien filings against the Issuer.

                  (e) Each Asset Pool One Collateral Certificate constitutes a
"certificated security" within the meaning of the applicable UCC; the Issuer has
in its possession all original copies of the certificates that constitute such
Asset Pool One Collateral Certificate; none of the certificates that constitute
or evidence such Asset Pool One Collateral Certificate have any marks or
notations indicating that it has been pledged, assigned or otherwise conveyed to
any Person other than the Collateral Agent; and all financing statements filed
or to be filed against the Issuer in favor of the Collateral Agent in connection
herewith describing such Asset Pool One Collateral Certificate contain a
statement to the following effect: "A purchase of or security interest in any
collateral described in this financing statement will violate the rights of the
Collateral Agent."

                  (f) Each Asset Pool One Receivable constitutes an "account"
within the meaning of the applicable UCC.

                               [END OF ARTICLE II]

                                       34

<PAGE>

                                   ARTICLE III

                 COLLECTIONS, ALLOCATIONS, DEPOSITS AND PAYMENTS

                  Section 3.1  Collections and Allocations.
                               ---------------------------

                  The Servicer pursuant to the terms of the Transfer and
Servicing Agreement (or, if the authority of the Servicer has been revoked
pursuant to Section 10.01 of the Transfer and Servicing Agreement, the Indenture
Trustee, or, if a Successor Servicer has been appointed, the Successor Servicer)
shall instruct the Collateral Agent to apply all funds on deposit in the
Collection Account as described in this Article III (or, with respect to amounts
deposited therein pursuant to Section 2.2, in accordance with the provisions of
Section 2.2) and in any Indenture Supplement for any Series. Except as otherwise
provided below, the Servicer pursuant to the terms of Transfer and Servicing
Agreement shall deposit Collections with respect to the Asset Pool One
Receivables into the Collection Account for Asset Pool One as promptly as
possible after the Date of Processing of such Collections, but in no event later
than the second Business Day following the Date of Processing and shall deposit
Collections received with respect to the Asset Pool One Collateral Certificates
with respect to any Monthly Period into the Collection Account for Asset Pool
One no later than the First Note Transfer Date in the next succeeding Monthly
Period.

                  Subject to the express terms of any Indenture Supplement, but
notwithstanding anything else in this Asset Pool One Supplement, the Indenture
or the Transfer and Servicing Agreement to the contrary, for as long as First
USA remains the Servicer under the Transfer and Servicing Agreement and (i) no
Servicer Rating Event shall have occurred and be continuing or (ii) First USA
obtains a guarantee or letter of credit covering risk of collection with respect
to its deposit and payment obligations under the Transfer and Servicing
Agreement (in form and substance satisfactory to each Note Rating Agency) from a
guarantor having a short-term credit rating of at least"A-1" from Standard &
Poor's or "P-1" from Moody's or "F1" from Fitch (or such other rating below
"A-1" or "P-1," or to the extent rated by Fitch, "F1," as the case may be, which
is acceptable to such Note Rating Agency), or (iii) the Note Rating Agency
Condition will have been satisfied despite the Servicer's inability to satisfy
the rating requirement specified in clause (i) or (ii) above, or (iv) for 5
Business Days following any reduction of any such rating or failure to satisfy
the conditions specified in clause (i) or (ii) above, the Servicer need not make
the daily deposits of Collections into the Collection Account as provided in the
preceding paragraph, but may make deposits in an amount equal to the net amount
of such deposits and payments which would have been made with respect to Asset
Pool One Notes to receive payments on the related Payment Date had the
conditions of this sentence not applied, in the Collection Account in
immediately available funds not later than 1:00 p.m., New York City time, on
each applicable Note Transfer Date following the Monthly Period with respect to
which such deposit relates. To the extent that, in accordance with this Section
3.1, the Servicer has retained

                                       35

<PAGE>

amounts which would otherwise be required to be deposited into the Collection
Account or any Supplemental Bank Account with respect to any Monthly Period, the
Servicer shall be required to deposit such amounts in the Collection Account or
such Supplemental Bank Account on the applicable Note Transfer Date to the
extent necessary to make required distributions on the related Payment Date.
Notwithstanding anything in this Asset Pool One Supplement to the contrary,
unless otherwise specified in the Indenture or any Indenture Supplement, the
Servicer need not deposit any amount allocated to be paid to any Transferor
pursuant to the Indenture, this Asset Pool One Supplement or any applicable
Indenture Supplement into the Collection Account or any Supplemental Bank
Account, but shall pay such amounts as collected to the applicable Transferor.

                  Section 3.2 Allocations of Finance Charge Collections and
Default Amounts.

                  (a) With respect to each Monthly Period, the Collateral Agent,
at the direction of the Servicer, shall allocate to each Series of Asset Pool
One Notes an amount equal to the product of (i) the Noteholder Percentage for
Asset Pool One Finance Charge Collections for such Monthly Period for such
Series and (ii) the sum of the Asset Pool One Finance Charge Collections for
such Monthly Period and the investment earnings for such Monthly Period on
amounts on deposit in the Collection Account and the Excess Funding Account
established for the benefit of all Asset Pool One Notes.

                  (b) With respect to each Monthly Period, the Collateral Agent,
at the direction of the Servicer, shall allocate to each Series of Asset Pool
One Notes an amount equal to the product of (i) the Noteholder Percentage for
the Asset Pool One Default Amount for such Monthly Period for such Series and
(ii) the Asset Pool One Default Amount for such Monthly Period.

                  Section 3.3 Allocations of Principal Collections. With respect
to each Monthly Period, the Collateral Agent, at the direction of the Servicer,
shall allocate to each Series of Asset Pool One Notes an amount equal to the
product of (i) the Noteholder Percentage for Asset Pool One Principal
Collections for such Monthly Period for such Series and (ii) the Asset Pool One
Principal Collections for such Monthly Period. In addition, with respect to each
Monthly Period, if there is a Remaining Series Available Principal Collections
Shortfall for any Series of Asset Pool One Notes, the Collateral Agent shall
allocate to each such Series of Asset Pool One Notes a portion of Asset Pool One
Collateral Certificate Principal Shortfall Payments for such Monthly Period in
an amount equal to the Remaining Series Available Principal Collections
Shortfall for such Series in accordance with the applicable Indenture
Supplement; provided, however, that if the aggregate amount of Asset Pool One
Collateral Certificate Principal Shortfall Payments is less than the aggregate
Remaining Series Available Principal Collections Shortfall for all Series, then
Asset Pool One Collateral Certificate Principal Shortfall Payments allocable to
each Series shall equal the product of (i) the Asset Pool One Collateral
Certificate Principal Shortfall

                                       36

<PAGE>

Payments for such Monthly Period and (ii) a fraction, the numerator of which is
the Remaining Series Available Principal Collections Shortfall for such Series
and the denominator of which is the aggregate Remaining Series Available
Principal Collections Shortfall for all Series of Asset Pool One Notes for such
Monthly Period.

                  Section 3.4  Allocations of the Asset Pool One Servicing Fee.

                  (a) As compensation for its servicing activities hereunder and
as reimbursement for any expense incurred by it in connection therewith, the
Servicer shall be entitled to receive a servicing fee (the "Asset Pool One
Servicing Fee"). For each Monthly Period, the Asset Pool One Servicing Fee shall
equal the sum of (i) the servicing fee amount for each Asset Pool One Collateral
Certificate, as specified in the related Series Supplement, and (ii) the Asset
Pool One Receivables Servicing Fee.

                  (b) With respect to each Monthly Period, the Collateral Agent,
at the direction of the Servicer, shall allocate to each Series of Asset Pool
One Notes an amount equal to the product of (i) the Asset Pool One Servicing Fee
for such Monthly Period and (ii) the Noteholder Percentage for the Asset Pool
One Servicing Fee for such Monthly Period for such Series of Asset Pool One
Notes.

                  Section 3.5 Allocations of Amounts to the Excess Funding
Account and Allocations of Amounts on Deposit in the Excess Funding Account.
With respect to each Monthly Period, if (i) the Asset Pool One Transferor Amount
is, or as a result of a payment on the related First Note Transfer Date would
become, less than the Asset Pool One Required Transferor Amount or (ii) the
Asset Pool One Pool Balance is, or as a result of a payment on the related First
Note Transfer Date would become, less than the Asset Pool One Minimum Pool
Balance, the Collateral Agent shall allocate or deposit pursuant to subsection
3.8(d) of this Asset Pool Supplement to the Excess Funding Account an amount
equal to the greater of the amount by which the Asset Pool One Transferor Amount
would be less than the Asset Pool One Required Transferor Amount and the amount
by which the Asset Pool One Pool Balance would be less than the Asset Pool One
Minimum Pool Balance, each determined with respect to the related Monthly
Period.

                  Amounts on deposit in the Excess Funding Account shall be
treated as Shared Excess Available Principal Collections and, to the extent
required, allocated to each Series of Asset Pool One Notes in accordance with
the applicable Indenture Supplement. Any remaining amounts on deposit in the
Excess Funding Account in excess of the amount required to be treated as Shared
Excess Available Principal Collections for a Monthly Period shall be released to
the holders of the Transferor Interest in Asset Pool One in accordance with the
related Indenture Supplement to the extent that after such release (i) the Asset
Pool One Transferor Amount is

                                       37

<PAGE>

equal to or greater than the Asset Pool One Required Transferor Amount and (ii)
the Asset Pool One Pool Balance is equal to or greater than the Asset Pool One
Minimum Pool Balance.

                  Section 3.6 Final Payment. Each Series, Class or Tranche of
Asset Pool One Notes, as applicable, will be considered to be paid in full in
the manner set forth in the applicable Indenture Supplement. The Holders of such
Series, Class or Tranche of Asset Pool One Notes, as applicable, will have no
further right or claim, and the Issuer will have no further obligation or
liability with respect to such Series, Class or Tranche of Notes, as applicable,
on the earliest to occur of:

                  (a) the date of the payment in full of the Outstanding Dollar
Principal Amount of and all accrued interest on that Series, Class or Tranche of
Asset Pool One Notes, as applicable;

                  (b) the date on which the Outstanding Dollar Principal Amount
of such Asset Pool One Notes, after giving effect to all deposits, allocations,
reallocations, sales of Collateral and payments to be made on such date, is
reduced to zero, and all accrued interest on such Asset Pool One Notes is paid
in full; or

                  (c) on the Legal Maturity Date of such Asset Pool One Notes,
after giving effect to all deposits, allocations, reallocations, sales of
Collateral and payments to be made on such date.

                  Section 3.7 Payments within a Series, Class or Tranche. All
payments of principal, interest or other amounts to Holders of the Asset Pool
One Notes of a Series, Class or Tranche will be made in accordance with the
related Indenture Supplement.

                  Section 3.8 Allocations of Finance Charge Collections, Default
Amounts, Servicing Fees and Principal Collections Allocable to the Transferor
Interest.

                  (a) Unless otherwise stated in any Indenture Supplement, the
Servicer shall allocate to the holders of the Transferor Interest in Asset Pool
One an amount equal to the product of (i) the Asset Pool One Transferor
Percentage for Asset Pool One Finance Charge Collections with respect to such
Monthly Period and (ii) the Asset Pool One Finance Charge Collections and
earnings on amounts on deposit in the Collection Account and the Excess Funding
Account with respect to such Monthly Period. If so specified in any Indenture
Supplement, such amounts may be applied to cover certain shortfalls in the
amount of investment earnings on investments of funds in certain Supplemental
Bank Accounts.

                  (b) The Servicer shall allocate to the holders of the
Transferor Interest in Asset Pool One an amount equal to the product of (i) the
Asset Pool One Transferor Percentage

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<PAGE>

for the Asset Pool One Default Amount with respect to such Monthly Period and
(ii) the Asset Pool One Default Amount with respect to such Monthly Period.

                  (c) The Servicer shall allocate to the holders of the
Transferor Interest in Asset Pool One an amount equal to the product of (i)
Asset Pool One Transferor Percentage with respect to such Monthly Period and
(ii) the Asset Pool One Servicing Fee with respect to such Monthly Period.

                  (d) Unless otherwise stated in any Indenture Supplement, the
Servicer shall allocate to the holders of the Transferor Interest in Asset Pool
One an amount equal to the product of (i) the Asset Pool One Transferor
Percentage for Asset Pool One Principal Collections with respect to such Monthly
Period and (ii) the Asset Pool One Principal Collections with respect to such
Monthly Period; provided, however, that amounts payable to the holders of the
Transferor Interest pursuant to this subsection 3.8(d) shall instead be
deposited in the Excess Funding Account to the extent that (i) the Asset Pool
One Transferor Amount is, or as a result of such payment would become less than
the Asset Pool One Required Transferor Amount or (ii) the Asset Pool One Pool
Balance is, or as a result of such payment would become, less than the Asset
Pool One Minimum Pool Balance.

                  Section 3.9 Transfer of Defaulted Accounts. Unless otherwise
provided in any Indenture Supplement, in consideration of receiving Recoveries
as provided in subsection 3.11(a) hereof, on the date on which an Asset Pool One
Account becomes a Defaulted Account, the Collateral Agent shall automatically
and without further action or consideration be deemed to transfer, set over, and
otherwise convey to the applicable Transferor, without recourse, representation,
or warranty, all the right, title and interest of the Collateral Agent in and to
the Asset Pool One Receivables in such Defaulted Account, all monies due or to
become due with respect thereto, all proceeds thereof allocable to Asset Pool
One with respect to such Asset Pool One Receivables, excluding Recoveries in
respect of Asset Pool One Defaulted Accounts relating thereto, which shall
remain a part of the Collateral.

                  Section 3.10 Adjustments for Miscellaneous Credits and
Fraudulent Charges.

                  (a) The Servicer shall be obligated to reduce on a net basis
for each Monthly Period the aggregate amount of Asset Pool One Principal
Receivables (a "Credit Adjustment") with respect to any Asset Pool One Principal
Receivable (i) which was created in respect of merchandise refused or returned
by the Obligor thereunder or as to which the Obligor thereunder has asserted a
counterclaim or defense, (ii) which is reduced by the Servicer by any rebate,
refund, charge-back or adjustment (including Servicer errors) or (iii) which was
created as a result of a fraudulent or counterfeit charge.

                                       39

<PAGE>

                  In the event that the inclusion of the amount of a Credit
Adjustment in (x) the calculation of the Asset Pool One Transferor Amount would
cause the Asset Pool One Transferor Amount to be an amount less than the Asset
Pool One Required Transferor Amount or (y) the calculation of the Asset Pool One
Pool Balance would cause the Asset Pool One Pool Balance to be an amount less
than the Asset Pool One Minimum Pool Balance, the applicable Transferor shall
make a deposit, no later than (a) the First Note Transfer Date following the
Monthly Period with respect to which such Credit Adjustment occurs or (b) in the
event of a Servicer Rating Event, 10 Business Days after the inclusion of the
Credit Adjustment that caused the Asset Pool One Transferor Amount to be less
than the Asset Pool One Required Transferor Amount or the Asset Pool One Pool
Balance to be less than the Asset Pool One Minimum Pool Balance, into the Excess
Funding Account for Asset Pool One in immediately available funds in an amount
equal to the greater of the amount by which (i) the Asset Pool One Transferor
Amount would be less than the Asset Pool One Required Transferor Amount or (ii)
the Asset Pool One Pool Balance would be an amount less than the Asset Pool One
Minimum Pool Balance, due to Credit Adjustments with respect to Asset Pool One
Receivables conveyed by such Transferor (each such deposit, an "Adjustment
Payment").

                  (b) If (i) the Servicer makes a deposit into the Collection
Account for Asset Pool One in respect of a Collection of an Asset Pool One
Receivable and such Collection was received by the Servicer in the form of a
check which is not honored for any reason or (ii) the Servicer makes a mistake
with respect to the amount of any Collection for Asset Pool One and deposits an
amount that is less than or more than the actual amount of such Collection, the
Servicer shall appropriately adjust the amount subsequently deposited into the
Collection Account for Asset Pool One to reflect such dishonored check or
mistake. Any Asset Pool One Receivable in respect of which a dishonored check is
received shall be deemed not to have been paid. Notwithstanding the first two
sentences of this paragraph, adjustments made pursuant to this Section shall not
require any change in any report previously delivered.

                  Section 3.11 Recoveries and Interchange.
                               --------------------------

                  (a) Recoveries. On or prior to the second Business Day
following the end of each Monthly Period, the Transferor shall notify the
Servicer of the amount of Recoveries in respect of Asset Pool One Defaulted
Accounts to be included as Collections for Asset Pool One with respect to the
preceding Monthly Period. On the First Note Transfer Date following the
applicable Monthly Period, the Transferor shall pay to the Servicer and the
Servicer shall deposit into the Collection Account for Asset Pool One, in
immediately available funds, the amount of Recoveries in respect of Asset Pool
One Defaulted Accounts to be so included as Collections for Asset Pool One with
respect to the preceding Monthly Period; provided, however, that such deposit
need be made only to the extent that such funds are required to be retained in
the applicable Bank Accounts for the benefit of any Series, Class or Tranche of
Asset Pool One Notes pursuant to the provisions of this Article III of this
Asset Pool One Supplement or any

                                       40

<PAGE>

applicable Indenture Supplement and any such amount that is not so deposited
shall be paid to the applicable Transferor.

                  (b) Interchange. On or prior to the second Business Day
following the end of each Monthly Period, each Account Owner shall notify the
Servicer of the Interchange Amount, if any, which is required to be included as
Asset Pool One Finance Charge Collections with respect to the preceding Monthly
Period. On the First Note Transfer Date following the applicable Monthly Period,
each Account Owner shall pay to the Servicer and the Servicer shall deposit into
the Collection Account, in immediately available funds, the Interchange Amount
to be so included as Asset Pool One Finance Charge Collections with respect to
the preceding Monthly Period; provided, however, that such deposit need be made
only to the extent that such funds are required to be retained in the applicable
Bank Accounts for the benefit of any Series, Class or Tranche of Asset Pool One
Notes pursuant to the provisions of this Article III of this Asset Pool One
Supplement or any applicable Indenture Supplement and any such amount that is
not so deposited shall be paid to the applicable Transferor.

                  Section 3.12   Reallocation Groups.

                  Asset Pool One Finance Charge Collections and other specified
amounts allocated to each Series of Asset Pool One Notes in the same
Reallocation Group shall be reallocated to cover interest and other expenses
related to each Series of Asset Pool One Notes in such Reallocation Group as
specified in each related Indenture Supplement. The reallocation provisions of
the Indenture Supplement for each Series of Asset Pool One Notes in the same
Reallocation Group are required to be identical in all material respects.

                  Section 3.13   Designation of Remaining Principal Shortfalls.
On each Determination Date, the Servicer shall determine with respect to the
prior Monthly Period whether there is a Remaining Series Available Principal
Collections Shortfall for any Series of Asset Pool One Notes after application
of Shared Excess Available Principal Collections for the benefit of such Series
of Notes for such Monthly Period. The Servicer shall determine the aggregate
amount of such Remaining Series Available Principal Collections Shortfalls for
all Series of Asset Pool One Notes for such Monthly Period and shall propose,
with respect to each Asset Pool One Collateral Certificate, a principal
shortfall amount (the "Proposed Principal Shortfall Amount") for such Monthly
Period. The sum of all such Proposed Principal Shortfall Amounts shall equal the
aggregate amount of such Remaining Series Available Principal Collections
Shortfalls for such Monthly Period. In determining the Proposed Principal
Shortfall Amount for each Asset Pool One Collateral Certificate, the Servicer
agrees to determine such amount in a manner that shall maximize the amount of
payments received from Asset Pool One Collateral Certificates in respect of
Proposed Principal Shortfalls Amounts.

                                       41

<PAGE>

                              [END OF ARTICLE III]

                                       42

<PAGE>

                                   ARTICLE IV

                              THE COLLATERAL AGENT

                  Section 4.1 Certain Duties and Responsibilities.
                              -----------------------------------

                  (a) The Collateral Agent undertakes to perform such duties and
only such duties as are specifically set forth in this Asset Pool One Supplement
with respect to the Asset Pool One Notes of any Series, Classes or Tranche, and
no implied covenants or obligations will be read into this Asset Pool One
Supplement against the Collateral Agent.

                  (b) The Collateral Agent hereby agrees that it shall hold all
Collateral Certificates designated for inclusion in Asset Pool One in the State
of New York and shall give written notice to the Owner Trustee, the Indenture
Trustee and the Servicer before relocating any Collateral Certificate.

                  (c) In the absence of bad faith on its part, the Collateral
Agent may, with respect to Notes of any Series, Class or Tranche secured by
Asset Pool One, conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions
furnished to the Collateral Agent and conforming to the requirements of the
Indenture, this Asset Pool One Supplement or the related Indenture Supplement,
as applicable, but in the case of any such certificates or opinions which by any
provision hereof are specifically required to be furnished to the Collateral
Agent, the Collateral Agent will be under a duty to examine the same to
determine whether or not they conform to the requirements of this Asset Pool One
Supplement but need not confirm or investigate the accuracy of any mathematical
calculations or other facts stated therein.

                  (d) In case an Event of Default with respect to any Series,
Class or Tranche of Asset Pool One Notes has occurred and is continuing, the
Collateral Agent will exercise with respect to the Asset Pool One Notes of such
Series, Class or Tranche secured by Asset Pool One such of the rights and powers
vested in it by this Asset Pool One Supplement, and use the same degree of care
and skill in their exercise, as a fiduciary would exercise or use under the
circumstances in the conduct of such person's own affairs.

                  (e) No provision of this Asset Pool One Supplement will be
construed to relieve the Collateral Agent from liability for its own negligent
action, its own negligent failure to act, or its own willful misconduct, except
that:

                      (i) this clause (e) will not be construed to limit the
     effect of subsection (a) of this Section;

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<PAGE>

                          (ii)  the Collateral Agent will not be liable for any
     error of judgment made in good faith by a Collateral Agent Authorized
     Officer, unless it will be proved that the Collateral Agent was negligent
     in ascertaining the pertinent facts;

                          (iii) the Collateral Agent will not be liable with
     respect to any action taken or omitted to be taken by it in good faith in
     accordance with the direction of the Indenture Trustee or Holders of more
     than 662/3% of the Outstanding Dollar Principal Amount of any Series, Class
     or Tranche secured by Asset Pool One relating to the time, method and place
     of conducting any proceeding for any remedy available to the Collateral
     Agent, or exercising any trust or power conferred upon the Collateral
     Agent, under this Asset Pool One Supplement with respect to the Asset Pool
     One Notes of such Series, Class or Tranche; and

                          (iv)  no provision of this Asset Pool One Supplement
     will require the Collateral Agent to expend or risk its own funds or
     otherwise incur any financial liability in the performance of any of its
     duties hereunder, or in the exercise of any of its rights or powers, if it
     will have reasonable grounds for believing that repayment of such funds or
     indemnity satisfactory to the Collateral Agent against such risk or
     liability is not reasonably assured to it.

                      (f) Whether or not therein expressly so provided, every
provision of this Asset Pool One Supplement relating to the conduct or affecting
the liability of or affording protection to the Collateral Agent will be subject
to the provisions of this Section.

                      Section 4.2 Certain Rights of the Collateral Agent.
Except as otherwise provided in Section 4.1:

                      (a) the Collateral Agent may conclusively rely and will be
protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, debenture or other paper or document (whether in its original or
facsimile form) believed by it to be genuine and to have been signed or
presented by the proper party or parties;

                      (b) whenever in the performance of its duties under this
Asset Pool One Supplement the Collateral Agent will deem it desirable that a
matter be proved or established before taking, suffering or omitting any action
hereunder, the Collateral Agent (unless other evidence be herein specifically
prescribed) may, in the absence of bad faith on its part, rely upon an Officer's
Certificate;

                      (c) the Collateral Agent may consult with counsel of its
own selection and the advice of such counsel or any Opinion of Counsel will be
full and complete authorization and

                                       44

<PAGE>

protection in respect of any action taken, suffered or omitted by it hereunder
in good faith and in reliance thereon;

                          (d) the Collateral Agent will be under no obligation
to exercise any of the rights or powers vested in it by this Asset Pool One
Supplement at the request or direction of the Indenture Trustee or any of the
Asset Pool One Noteholders pursuant to this Asset Pool One Supplement, unless
the Indenture Trustee or such Asset Pool One Noteholders shall have offered to
the Collateral Agent security or indemnity reasonably satisfactory to it against
the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction;

                          (e) the Collateral Agent will not be bound to make any
investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, debenture or other paper or document, but the Collateral Agent, in
its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, and, if the Collateral Agent will determine to
make such further inquiry or investigation, it will be entitled to examine the
books, records and premises of the Issuer, personally or by agent or attorney;

                          (f) the Collateral Agent may execute any of the trusts
or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys and the Collateral Agent will not be responsible for
any misconduct or negligence on the part of any agent or attorney appointed with
due care by it hereunder; and

                          (g) the Collateral Agent will not be responsible for
filing any financing statements or continuation statements in connection with
the Collateral, but will cooperate with the Issuer in connection with the filing
of such financing statements or continuation statements.

                          Section 4.3 Not Responsible for Recitals or Issuance
of Notes. The recitals contained herein and in the Asset Pool One Notes, except
the certificates of authentication, will be taken as the statements of the
Issuer, and the Collateral Agent assumes no responsibility for their
correctness. The Collateral Agent makes no representations as to the validity or
sufficiency of this Asset Pool One Supplement or of the Asset Pool One Notes.
The Collateral Agent will not be accountable for the use or application by the
Issuer of Asset Pool One Notes or the proceeds thereof.

                          Section 4.4 May Hold Notes. The Collateral Agent, in
its individual or any other capacity, may become the owner or pledgee of Asset
Pool One Notes and, subject to Sections 4.7 and 4.12, may otherwise deal with
the Issuer with the same rights it would have if it were not Collateral Agent.

                                       45

<PAGE>

                          Section 4.5 Money Held in Trust. Money held by the
Collateral Agent in trust hereunder need not be segregated from other funds
except to the extent required by law. The Collateral Agent will be under no
liability for interest on any money received by it hereunder except as otherwise
agreed with the Issuer.

                          Section 4.6 Compensation and Reimbursement; Limit on
Compensation, Reimbursement and Indemnity.

                          (a) The Issuer agrees:

                              (i)   to pay to the Collateral Agent from time to
     time reasonable compensation for all services rendered by it hereunder
     (which compensation will not be limited by any provision of law in regard
     to the compensation of a trustee of an express trust);

                              (ii)  except as otherwise expressly provided
     herein, to reimburse the Collateral Agent upon its request for all
     reasonable expenses, disbursements and advances incurred or made by the
     Collateral Agent in accordance with any provision of this Asset Pool One
     Supplement (including the reasonable compensation and the reasonable
     expenses and disbursements of its agents and counsel), except any such
     expense, disbursement or advance as may be attributable to its negligence
     or bad faith; and

                              (iii) to indemnify the Collateral Agent for, and
     to hold it harmless against, any and all loss, liability or expense
     incurred without negligence or bad faith on its part, arising out of or in
     connection with the acceptance or administration of this trust, including
     the costs and expenses of defending itself against any claim or liability
     (whether asserted by the Issuer, the Servicer, any Holder or any other
     Person) in connection with the exercise or performance of any of its powers
     or duties hereunder.

The Collateral Agent will have no recourse to (x) any asset of the Issuer other
than funds available pursuant to the Indenture, the relevant Indenture
Supplement, or this Asset Pool One Supplement and any such recourse shall be
subordinate to the payment obligations on the Asset Pool One Notes, or to (y)
any Person other than the Transferor, the Servicer or the Issuer.

                          (b) This Section will survive the termination of this
Asset Pool One Supplement and the resignation or replacement of the Collateral
Agent under Section 4.9.

                          Section 4.7 Disqualification; Conflicting Interests.
If the Collateral Agent has or will acquire a conflicting interest within the
meaning of the Trust Indenture Act, the Collateral Agent will, if so required by
the Trust Indenture Act, either eliminate such interest or resign, to the extent
and in the manner provided by, and subject to the provisions of, the Trust
Indenture

                                       46

<PAGE>

Act and this Asset Pool One Supplement. Nothing herein will prevent the
Collateral Agent from filing with the Commission the application referred to in
the second to last paragraph of Section 310(b) of the Trust Indenture Act.

              Section 4.8 Corporate Collateral Agent Required; Eligibility.
There will at all times be a Collateral Agent hereunder with respect to each
Series, Class or Tranche of Asset Pool One Notes which will be either a bank or
a corporation organized and doing business under the laws of the United States
of America or of any state, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least $50,000,000,
subject to supervision or examination by federal or state authority, and having
a rating of at least "BBB-" by Standard & Poor's. If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements
of the aforesaid supervising or examining authority, then for the purposes of
this Section, the combined capital and surplus of such corporation will be
deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. The Issuer may not, nor may any Person
directly or indirectly controlling, controlled by, or under common control with
the Issuer, serve as Collateral Agent. If at any time the Collateral Agent with
respect to any Series, Class or Tranche of Asset Pool One Notes will cease to be
eligible in accordance with the provisions of this Section, it will resign
immediately in the manner and with the effect hereinafter specified in this
Article.

              Section 4.9 Resignation and Removal; Appointment of Successor.

              (a)   No resignation or removal of the Collateral Agent and no
appointment of a successor Collateral Agent pursuant to this Article shall
become effective until the acceptance of appointment by the successor Collateral
Agent under Section 4.10.

              (b)   The Collateral Agent may resign with respect to any Series,
Class or Tranche of Asset Pool One Notes at any time by giving written notice
thereof to the Issuer. If an instrument of acceptance by a successor Collateral
Agent shall not have been delivered to the Collateral Agent within 30 days after
the giving of such notice of resignation, the resigning Collateral Agent may
petition any court of competent jurisdiction for the appointment of a successor
Collateral Agent.

              (c)   The Collateral Agent may be removed with respect to any
Series, Class or Tranche of Asset Pool One Notes at any time by Act of the
Majority Holders of that Series, Class or Tranche of Asset Pool One Notes
delivered to the Collateral Agent on behalf of the Indenture Trustee and the
Issuer.

              (d)   If at any time:

                                       47

<PAGE>

                    (i)   the Collateral Agent fails to comply with Section
         310(b) of the Trust Indenture Act with respect to any Series, Class or
         Tranche of Notes after written request therefor by the Issuer or by any
         Asset Pool One Noteholder who has been a bona fide Holder of an Asset
         Pool One Note of that Series, Class or Tranche for at least 6 months,
         or

                    (ii)  the Collateral Agent ceases to be eligible under
         Section 4.8 with respect to any Series, Class or Tranche of Asset Pool
         One Notes and fails to resign after written request therefor by the
         Issuer or by any such Asset Pool One Noteholder, or

                    (iii) the Collateral Agent becomes incapable of acting with
         respect to any Series, Class or Tranche of Asset Pool One Notes, or

                    (iv)  the Collateral Agent is adjudged bankrupt or insolvent
         or a receiver of the Collateral Agent or of its property is appointed
         or any public officer takes charge or control of the Collateral Agent
         or of its property or affairs for the purpose of rehabilitation,
         conservation or liquidation,

then, in any such case, (A) the Issuer may remove the Collateral Agent or (B)
subject to Section 6.17 of the Indenture, any Asset Pool One Noteholder who has
been a bona fide Holder of an Asset Pool One Note of such Series, Class and
Tranche for at least 6 months may, on behalf of itself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the
Collateral Agent with respect to such Series, Class or Tranche and the
appointment of a successor Collateral Agent with respect to such Series, Class
or Tranche, or, in the case of clause (iv), with respect to all Series, Classes
and Tranches.

              (e)   If the Collateral Agent resigns, is removed or becomes
incapable of acting with respect to Asset Pool One, or if a vacancy shall occur
in the office of the Collateral Agent with respect to Asset Pool One for any
cause, the Issuer shall promptly appoint a successor Collateral Agent for Asset
Pool One. If, within one year after such resignation, removal or incapacity, or
the occurrence of such vacancy, a successor Collateral Agent with respect to
Asset Pool One is appointed by Act of the Majority Holders of the Asset Pool One
Notes delivered to the Issuer and the retiring Collateral Agent, the successor
Collateral Agent so appointed will, forthwith upon its acceptance of such
appointment, become the successor Collateral Agent with respect to Asset Pool
One and supersede the successor Collateral Agent appointed by the Issuer with
respect to Asset Pool One. If no successor Collateral Agent with respect to the
Asset Pool One Notes shall have been so appointed by the Issuer or the Asset
Pool One Noteholders and accepted appointment in the manner hereinafter
provided, any Asset Pool One Noteholder who has been a bona fide Holder of an
Asset Pool One Note for at least 6 months may, on behalf of itself and all
others similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Collateral Agent with respect to Asset Pool One.

                                       48

<PAGE>

              (f)   The Issuer shall give written notice of each resignation and
each removal of the Collateral Agent with respect to Asset Pool One and each
appointment of a successor Collateral Agent with respect to Asset Pool One
provided in Section 1.06 of the Indenture and to each Note Rating Agency. To
facilitate delivery of such notice, upon request by the Issuer, the Note
Registrar shall provide to the Issuer a list of the relevant registered
Noteholders. Each notice will include the name of the successor Collateral Agent
and the address of its principal Corporate Trust Office.

              Section 4.10 Acceptance of Appointment by Successor. Every
successor Collateral Agent appointed hereunder shall execute, acknowledge and
deliver to the Issuer and to the predecessor Collateral Agent an instrument
accepting such appointment, with a copy to the Note Rating Agencies, and
thereupon the resignation or removal of the predecessor Collateral Agent will
become effective with respect to Asset Pool One, and such successor Collateral
Agent, without any further act, deed or conveyance, will become vested with all
the rights, powers, trusts and duties of the predecessor Collateral Agent; but,
on request of the Issuer or the successor Collateral Agent, such predecessor
Collateral Agent shall, upon payment of its reasonable charges, if any, execute
and deliver an instrument transferring to such successor Collateral Agent all
the rights, powers and trusts of the predecessor Collateral Agent, and will duly
assign, transfer and deliver to such successor Collateral Agent all property and
money held by such predecessor Collateral Agent hereunder, subject nevertheless
to its lien, if any, provided for in Section 4.6. Upon request of any such
successor Collateral Agent, the Issuer will execute any and all instruments for
more fully and certainly vesting in and confirming to such successor Collateral
Agent all such rights, powers and trusts.

              No successor Collateral Agent will accept its appointment unless
at the time of such acceptance such successor Collateral Agent will be qualified
and eligible with respect to Asset Pool One under this Article.

              Section 4.11 Merger, Conversion, Consolidation or Succession to
Business. Any corporation into which the Collateral Agent may be merged or
converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Collateral Agent shall
be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Collateral Agent, will be the successor of the
Collateral Agent hereunder, provided such corporation shall be otherwise
qualified and eligible under this Article, without the execution or filing of
any paper or any further act on the part of any of the parties hereto. The
Collateral Agent shall give prompt written notice of such merger, conversion,
consolidation or succession to the Note Rating Agencies. In addition, upon such
merger, conversion, consolidation or succession the Collateral Agent shall give
written notice to the Servicer, the Owner Trustee and the Indenture Trustee of
any change of address of the surviving entity and stating where the Collateral
Certificates are to be held.

                                       49

<PAGE>

              Section 4.12 Preferential Collection of Claims Against Issuer. If
and when the Collateral Agent shall be or become a creditor of the Issuer (or
any other obligor upon the Asset Pool One Notes), the Collateral Agent will be
subject to the provisions of Section 311 of the Trust Indenture Act. A
Collateral Agent who has resigned or been removed will be subject to Section
311(a) of the Trust Indenture Act to the extent provided therein.

              Section 4.13 Representations and Covenants of the Collateral
Agent. The Collateral Agent represents, warrants and covenants that:

                    (i)   The Collateral Agent is a national banking association
         duly organized and validly existing under the laws of the United States
         of America;

                    (ii)  The Collateral Agent has full power and authority to
         deliver and perform this Asset Pool One Supplement and has taken all
         necessary action to authorize the execution, delivery and performance
         by it of this Asset Pool One Supplement and other documents to which it
         is a party; and

                    (iii) Each of this Asset Pool One Supplement and the other
         documents to which it is a party has been duly executed and delivered
         by the Collateral Agent and constitutes legal, valid and binding
         obligation of the Collateral Agent in accordance with its terms.

              Section 4.14 Custody of Asset Pool One Collateral Certificates and
Collateral. Each Asset Pool One Collateral Certificate, including the Initial
Collateral Certificate, shall be registered in the name of and shall be
delivered to and held by the Collateral Agent separate and apart from all other
property held by such Collateral Agent. The Collateral Agent shall hold the
Collateral that constitutes Permitted Investments separate from, and shall not
commingle such Collateral with, any and all other funds or property of the
Issuer or the Indenture Trustee.

              Section 4.15 Collateral Agent's Application for Instructions from
the Issuer. Any application by the Collateral Agent for written instructions
from the Issuer may, at the option of the Collateral Agent, set forth in writing
any action proposed to be taken or omitted by the Collateral Agent under and in
accordance with this Asset Pool One Supplement and the date on and/or after
which such action shall be taken or such omission shall be effective, provided
that such application shall make specific reference to this Section 4.15. The
Collateral Agent shall not be liable for any action taken by, or omission of,
the Collateral Agent in accordance with a proposal included in such application
on or after the date specified in such application (which date shall not be less
than 5 Business Days after the date any officer of the Issuer actually receives
such application, unless any such officer shall have consented in writing to any
earlier date) unless prior to taking any such action (or the effective date in
the case of an omission), the

                                       50

<PAGE>

Collateral Agent shall have received written instructions in response to such
application specifying the action be taken or omitted.

              Section 4.16 Events of Default and Remedies; Reports of Indenture
Trustee; Reports to Issuer.

              (a)   The Collateral Agent shall promptly give notice to the
Indenture Trustee and the Issuer upon the occurrence of any of the Events of
Default set forth in Section 6.01 of the Indenture of which it has knowledge,
including, without limitation, any "Notice of Default" pursuant to subsection
6.10(c) (unless it has received notice of any such Event of Default by the
Indenture Trustee).

              (b)   The Collateral Agent agrees to perform its obligations and,
in its discretion, exercise the rights of, and pursue remedies on behalf of, the
Secured Parties pursuant to Article VI of the Indenture.

              (c)   The Collateral Agent agrees to provide in a timely fashion
to the Indenture Trustee the information applicable to the Collateral Agent and
the Collateral required to be included in the reports of the Indenture Trustee
pursuant to the Indenture or any Indenture Supplement, including, without
limitation, pursuant to Sections 8.03 and 8.06 of the Indenture.

              (d)   The Collateral Agent shall report to the Issuer or the
Indenture Trustee, as applicable, with respect to the amounts on deposit in each
of the Bank Accounts, and the identity of the investments included therein and
the amount of earnings thereon, as the Issuer or the Indenture Trustee
reasonably may request from time to time.

                               [END OF ARTICLE IV]

                                       51

<PAGE>

                                    ARTICLE V

                          BANK ACCOUNTS AND INVESTMENTS

         Section 5.1   Bank Accounts.
                       -------------

         (a)   Bank Accounts; Deposits to and Distributions from Bank Accounts.
               ---------------------------------------------------------------

               (i)  On or before the date hereof the Issuer shall cause to be
     established and maintained for Asset Pool One, one or more Qualified Bank
     Accounts (each such account, a "Collection Account" and collectively, the
     "Collection Accounts") in the name of the Collateral Agent, bearing a
     designation clearly indicating that the funds deposited therein are held
     for the benefit of the Collateral Agent, the Indenture Trustee and the
     applicable Asset Pool One Noteholders. All collections received pursuant to
     Section 3.1 shall be deposited into the Collection Account. From time to
     time in connection with the issuance of a Series, Class or Tranche of
     Notes, the Indenture Trustee may cause the Collateral Agent to establish
     one or more Qualified Bank Accounts denominated as "Supplemental Bank
     Accounts" in the name of the Collateral Agent, bearing a designation
     clearly indicating that the funds deposited therein are held for the
     benefit of the Collateral Agent, the Indenture Trustee and the applicable
     Asset Pool One Noteholders. The Collection Account and any Supplemental
     Bank Account shall be under the control (within the meaning of Section
     9-104 of the UCC) of the Collateral Agent for the benefit of the Collateral
     Agent, the Indenture Trustee and the applicable Asset Pool One Noteholders.
     If, at any time, the institution holding the Collection Account or any
     Supplemental Bank Account ceases to be a Qualified Institution, the Issuer
     shall within 10 Business Days (or such longer period, not to exceed 30
     calendar days, as to which each Note Rating Agency may consent in writing)
     establish a new Collection Account or Supplemental Bank Account, as
     applicable, that is a Qualified Bank Account and shall transfer any cash
     and/or investments from such Collection Account or Supplemental Bank
     Account, as applicable, to such new Collection Account or Supplemental Bank
     Account, as applicable. From the date each such new Collection Account is
     established, it shall be the "Collection Account." From the date each such
     new Supplemental Bank Account is established, it shall be a "Supplemental
     Bank Account." Any Supplemental Bank Account will receive deposits as set
     forth herein, in the Indenture and in the applicable Indenture Supplement.

               (ii) On or before the date hereof, the Issuer shall cause to be
     established and maintained for Asset Pool One, one or more Qualified Bank
     Accounts (each such account, an "Excess Funding Account" and collectively,
     the "Excess Funding Accounts") in the name of the Collateral Agent, bearing
     a designation clearly indicating that the funds deposited therein are held
     for the benefit of the Collateral Agent, the

                                       52

<PAGE>

     Indenture Trustee and the Asset Pool One Noteholders. Principal Collections
     allocated to Asset Pool One that would otherwise be paid to the holders of
     the Transferor Interest or that the applicable Indenture Supplement
     specifies are to be deposited in the Excess Funding Account, shall be
     deposited in the Excess Funding Account, if, after giving effect to
     reinvestment in new Collateral on that day the Asset Pool One Transferor
     Amount is not greater than or equal to the Asset Pool One Required
     Transferor Amount or the Asset Pool One Pool Balance is not greater than or
     equal to the Asset Pool One Minimum Pool Balance. Each Excess Funding
     Account shall be under the control (within the meaning of Section 9-104 of
     the UCC) of the Collateral Agent for the benefit of the Collateral Agent,
     the Indenture Trustee and the Asset Pool One Noteholders. If, at any time,
     the institution holding any Excess Funding Account ceases to be a Qualified
     Institution, the Issuer shall within 10 Business Days (or such longer
     period, not to exceed 30 calendar days, as to which each Note Rating Agency
     may consent in writing) establish a new Excess Funding Account that is a
     Qualified Bank Account and shall transfer any cash and/or investments to
     such new Excess Funding Account. From the date each such new Excess Funding
     Account is established, it shall be an "Excess Funding Account."

         (b)   All payments to be made from time to time by or on behalf of the
Indenture Trustee to Asset Pool One Noteholders out of funds in the Bank
Accounts pursuant to this Asset Pool One Supplement, the Indenture and any
Indenture Supplement will be made by the Collateral Agent to the Indenture
Trustee or on behalf of the Indenture Trustee directly to the Paying Agent not
later than 1:00 p.m. New York City time on the applicable Payment Date or
earlier, if necessary, or as otherwise provided in the applicable Indenture
Supplement but only to the extent of available funds in the applicable Bank
Account or Sub-Account.

         Section 5.2  Investment of Funds in the Bank Accounts.
                      ----------------------------------------

         (a)   Funds on deposit in the Bank Accounts shall (unless otherwise
stated in the applicable Indenture Supplement) be invested and reinvested by the
Collateral Agent acting on behalf of the Indenture Trustee at the written
direction of the Issuer in one or more Permitted Investments. Absent such
written direction, the Collateral Agent shall invest the funds in the Permitted
Investments described in clause (a)(v) of the definition thereof. The Issuer may
authorize the Indenture Trustee to direct the Collateral Agent to make specific
investments pursuant to written instructions, in such amounts as the Issuer will
specify. Notwithstanding the foregoing, funds held by the Collateral Agent in
any of the Bank Accounts will be invested in Permitted Investments that will
mature in each case no later than the date on which such funds in the Bank
Accounts are scheduled to be transferred or distributed by the Indenture Trustee
pursuant to the Indenture (or as necessary to provide for timely payment of
principal or interest on the applicable Principal Payment Date or Interest
Payment Date (as each such term is defined in the Indenture)).

                                       53

<PAGE>

         (b)   All funds deposited from time to time in the Bank Accounts
pursuant to the Indenture and all investments made with such funds will be held
by the Collateral Agent in the Bank Accounts as part of the Collateral as herein
provided, subject to withdrawal by the Collateral Agent or the Indenture Trustee
for the purposes set forth in the Indenture.

         (c)   Funds and other property in any of the Bank Accounts will not be
commingled with any other funds or property of the Issuer, the Indenture Trustee
or the related Collateral Agent.

         (d)   The Servicer shall not give direction to dispose of a Permitted
Investment and no Permitted Investment shall be disposed of prior to its
maturity if such disposal results in a loss.

                               [END OF ARTICLE V]

                                       54

<PAGE>

                                   ARTICLE VI

                                  MISCELLANEOUS

         Section 6.1  No Petition. The Collateral Agent, by entering into this
Asset Pool One Supplement, each Derivative Counterparty, by designating that the
obligations of the Issuer pursuant to the applicable Derivative Agreement are
secured by the Collateral, each Supplemental Credit Enhancement Provider or
Supplemental Liquidity Provider, as applicable, by designating that the
obligations of the Issuer pursuant to the applicable Supplemental Credit
Enhancement Agreement or Supplemental Liquidity Agreement are secured by the
Collateral, and each Asset Pool One Noteholder, by accepting a Note, agrees, to
the fullest extent permitted by applicable law, that it will not at any time
institute against First USA, any Master Trust or the Issuer, or join in any
institution against First USA, any Master Trust or the Issuer of, any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings,
or other proceedings under any United States Federal or state bankruptcy or
similar law in connection with any obligations relating to the Asset Pool One
Notes, the Indenture, any Derivative Agreement, any Supplemental Credit
Enhancement Agreement and any Supplemental Liquidity Agreement.

         Section 6.2 Actions by the Issuer. All action to be taken by the Issuer
under this Asset Pool One Supplement shall be taken by the Administrator on
behalf of the Issuer and all notices to be given and/or received by the Issuer
under this Asset Pool One Supplement shall be given and received by the
Administrator.

         Section 6.3  Limitations on Liability.

         (a)   It is expressly understood and agreed by the parties hereto that
(i) this Asset Pool One Supplement is executed and delivered by each Transferor
not individually or personally but solely as Beneficiary under the Trust
Agreement, in the exercise of the powers and authority conferred and vested in
it, (ii) each of the representations, undertakings and agreements herein made on
the part of the Issuer is made and intended not as a personal representation,
undertaking or agreement by any Transferor but is made and intended for the
purpose of binding only the Issuer, (iii) nothing herein contained will be
construed as creating any liability on any Transferor individually or
personally, to perform any covenant of the Issuer either expressed or implied
contained herein, all such liability, if any, being expressly waived by the
parties to the Indenture and by any Person claiming by, through or under them
and (iv) under no circumstances will any Transferor be personally liable for the
payment of any indebtedness or expenses of the Issuer or be liable for the
breach or failure of any obligation, representation, warranty or covenant made
or undertaken by the Issuer under this Asset Pool One Supplement or any related
documents.

                                       55

<PAGE>

         (b)   None of the Collateral Agent, the Indenture Trustee, the Owner
Trustee, First USA or any other Beneficiary of the Issuer or any of their
respective officers, directors, employees, incorporators or agents will have any
liability with respect to this Asset Pool One Supplement, and recourse may be
had solely to the Collateral pledged to secure the Asset Pool One Notes under
this Asset Pool One Supplement.

         Section 6.4  Termination of Issuer. The Issuer and the respective
obligations and responsibilities of the Collateral Agent created hereby shall
terminate as provided in the Trust Agreement.

         Section 6.5  Termination Distributions. Upon the termination of the
Issuer pursuant to the terms of the Trust Agreement, the Collateral Agent shall
release, assign and convey to the applicable Transferor or any of its designees,
without recourse, representation or warranty, all of its right, title and
interest in the Collateral securing Asset Pool One, whether then existing or
thereafter created, all monies due or to become due and all amounts received or
receivable with respect thereto (including all moneys then held in any Bank
Account) and all proceeds thereof. The Collateral Agent shall execute and
deliver such instruments of transfer and assignment as shall be provided to it,
in each case without recourse, as shall be reasonably requested by any
Transferor, to vest in such Transferor, as Beneficiary under the Trust
Agreement, or any of its designees all right, title and interest which the
Collateral Agent had in and to the Collateral and such other property securing
Asset Pool One.

         Section 6.6  Derivative Counterparty, Supplemental Credit Enhancement
Provider and Supplemental Liquidity Provider as Third-Party Beneficiary. Each
Derivative Counterparty, Supplemental Credit Enhancement Provider and
Supplemental Liquidity Provider is a third-party beneficiary of this Asset Pool
One Supplement to the extent specified in the applicable Derivative Agreement,
Supplemental Credit Enhancement Agreement, Supplemental Liquidity Agreement or
Indenture Supplement.

         Section 6.7  Amendments. Except as expressly set forth in Article IX of
the Indenture, this Asset Pool One Supplement may not be amended, supplemented
or modified.

                               [END OF ARTICLE VI]

                                       56

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Asset Pool One
Supplement to be duly executed as of the day and year first above written.

                                      BANK ONE ISSUANCE TRUST,

                                      By: FIRST USA BANK, NATIONAL ASSOCIATION,
                                          as Beneficiary and not in its
                                          individual capacity

                                      By: /s/ Stephen R. Etherington
                                          --------------------------------------
                                          Name:  Stephen R. Etherington
                                          Title: First Vice President

                                      WELLS FARGO BANK MINNESOTA, NATIONAL
                                 ASSOCIATION, as Indenture Trustee and
                                      Collateral Agent and not in its individual
                                      capacity

                                      By:   /s/ Jennifer C. Davis
                                          --------------------------------------
                                          Name:  Jennifer C. Davis
                                          Title: Assistant Vice President

Acknowledged and Accepted:

FIRST USA BANK,
NATIONAL ASSOCIATION,
as Transferor, Servicer and Administrator

By:  /s/ Stephen R. Etherington
    ------------------------------------------------
     Name:  Stephen R. Etherington
     Title: First Vice President

<PAGE>

                                                                       Exhibit A
                                                                       ---------

                                      A-1

<PAGE>

                                                                       Exhibit B
                                                                       ---------

            FORM OF ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS
                           INCLUDED IN ASSET POOL ONE
       (as required by section 2.4(c)(v) of the Asset Pool One Supplement)

         ASSIGNMENT No. __ OF RECEIVABLES IN ADDITIONAL ACCOUNTS INCLUDED IN
ASSET POOL ONE (this "Assignment"), dated as of _____________,1 by and between
BANK ONE ISSUANCE TRUST (the "Trust") and WELLS FARGO BANK MINNESOTA, NATIONAL
ASSOCIATION ("Wells Fargo") as collateral Agent (the "Collateral Agent"),
pursuant to the Asset Pool One Supplement referred to below.

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Trust and Wells Fargo, as Collateral Agent and Indenture
Trustee, are parties to the Asset Pool One Supplement, dated as of May 1, 2002
(hereinafter as such agreement may have been, or may from time to time be,
amended, supplemented or otherwise modified, the "Asset Pool One Supplement");

         WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to
designate Additional Accounts to be included as Asset Pool One Accounts and to
pledge hereby the Receivables of such Additional Accounts (as each such term is
defined in the Asset Pool One Supplement), whether now existing or hereafter
created, to the Collateral Agent to be included as Asset Pool One Receivables;
and

         WHEREAS, the Collateral Agent, on behalf of and for the benefit and
security of the Asset Pool One Noteholders, the Indenture Trustee, in its
individual capacity and the Collateral Agent, in its individual capacity, is
willing to accept such designation and pledge subject to the terms and
conditions hereof;

         NOW, THEREFORE, the Trust and the Collateral Agent hereby agree as
follows:

         1.  Defined Terms. All capitalized terms used herein shall have the
meanings ascribed to them in the Asset Pool One Supplement unless otherwise
defined herein.

______________________

   1     To be dated as of the applicable Addition Date.

                                      B-1

<PAGE>

         "Addition Cut Off Date" shall mean, with respect to the Additional
Accounts designated hereby, ______________, ____.

         "Addition Date" shall mean, with respect to the Additional Accounts
designated on Schedule 1 hereto, ____________, ____.

         "Notice Date" shall mean, with respect to the Additional Accounts
designated on Schedule 1 hereto,____ ___, ___ (which shall be a date on or prior
to the third Business Day prior to the Addition Date with respect to additions
pursuant to subsection 2.4(a) of the Asset Pool One Supplement and the fifth
Business Day prior to the Addition Date with respect to additions pursuant to
subsection 2.4(b) of the Asset Pool One Supplement).

         2.  Designation of Additional Accounts. The Trust shall deliver to the
Collateral Agent not later than five Business Days after the Addition Date a
computer file containing a true and complete list of each VISA(R) and
MasterCard(R) account, which as of the Addition Date shall be deemed to be an
Additional Asset Pool One Account, such accounts being identified by account
number and by the amount of Receivables in such Account as of the close of
business on the related Addition Cut Off Date, which shall be marked as Schedule
1 to this Assignment. Such list shall be delivered not later than five Business
Days after the date of this Assignment and, as of the Addition Date, shall be
incorporated into and made a part of the Asset Pool One Supplement.

         3.  Pledge of Receivables. (a) The Trust does hereby grant to the
Collateral Agent, for the benefit and security of the Asset Pool One
Noteholders, the Indenture Trustee, in its individual capacity and the
Collateral Agent, in its individual capacity, a security interest in all of its
right, title and interest, whether now owned or hereafter acquired, in and to
the Receivables of such Additional Asset Pool One Accounts existing at the close
of business on the Addition Date and thereafter created from time to time until
the termination of the Trust, all Interchange and Recoveries related thereto,
all monies due or to become due and all amounts received or receivable with
respect thereto and all proceeds (including "proceeds" as defined in the UCC)
thereof. The foregoing does not constitute and is not intended to result in the
creation or assumption by the Collateral Agent of any obligation of the Trust or
any other Person in connection with the Asset Pool One Accounts, the Asset Pool
One Receivables or under any agreement or instrument relating thereto, including
any obligation to Obligors, merchant banks, merchants clearance systems, VISA,
MasterCard or insurers. This Assignment constitutes a security agreement under
the UCC.

         (b) If necessary, the Trust agrees to record and file, at its own
     expense, financing statements (and continuation statements when applicable)
     with respect to the Asset Pool One Receivables in Additional Asset Pool One
     Accounts existing on the Addition Cut Off Date and thereafter created
     meeting the requirements of applicable state

                                      B-2

<PAGE>

     law in such manner and in such jurisdictions as are necessary to perfect,
     and maintain perfection of, the sale and assignment of its interest in such
     Asset Pool One Receivables to the Collateral Agent, and to deliver a
     file-stamped copy of each such financing statement or other evidence of
     such filing to the Collateral Agent on or prior to the Addition Date. The
     Collateral Agent shall be under no obligation whatsoever to file such
     financing or continuation statements or to make any filing under the UCC in
     connection with such sale and assignment.

             (c)  In connection with such transfers, the Trust further agrees,
     at its own expense, on or prior to the date of this Assignment, to indicate
     in the appropriate computer files that Receivables created in connection
     with the Additional Asset Pool One Accounts and designated hereby have been
     pledged to the Collateral Agent pursuant to this Assignment for the benefit
     and security of the Asset Pool One Noteholders, the Indenture Trustee, in
     its individual capacity and the Collateral Agent, in its individual
     capacity.

             (d)  It is the intention of the parties hereto that all pledges of
     Receivables to the Collateral Agent pursuant to this Assignment be subject
     to, and be treated in accordance with, the Delaware Act and each of the
     parties hereto agrees that this Assignment has been entered into by the
     parties hereto in express reliance upon the Delaware Act. For purposes of
     complying with the requirements of the Delaware Act, each of the parties
     hereto hereby agrees that any property, assets or rights purported to be
     pledged, in whole or in part, by the Trust pursuant to this Assignment
     shall be deemed to no longer be the property, assets or rights of the
     Trust. The parties hereto acknowledge and agree that each such transfer is
     occurring in connection with a "securitization transaction" within the
     meaning of the Delaware Act.

             4.   Acceptance by Collateral Agent. The Collateral Agent hereby
acknowledges its acceptance of all right, title and interest in and to the
Receivables in the Additional Asset Pool One Accounts now existing and hereafter
created, pledged to the Collateral Agent pursuant to Section 3(a) of this
Assignment and declares that it shall maintain such right, title and interest,
upon the trust herein set forth, for the benefit and security of the Asset Pool
One Noteholders, the Indenture Trustee, in its individual capacity and the
Collateral Agent, in its individual capacity.

             5.   Representations and Warranties of the Transferor. The
Transferor hereby represents and warrants to the Collateral Agent, as the
Addition Date, that:

             (a)  Conditions Precedent. All of the requirements for the addition
     of Accounts set forth under subsection 2.12(c) of the Transfer and
     Servicing Agreement shall have been satisfied and all of the
     representations and warranties set forth under subsection

                                      B-3

<PAGE>

     2.04(a) of the Transfer and Servicing Agreement to be made on each Addition
     Date shall be true and correct in all material respects on such Addition
     Date;

            (b)  Legal Valid and Binding Obligation. This Assignment constitutes
     a legal, valid and binding obligation of the Trust enforceable against the
     Trust 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);

            (c)  Eligibility of Accounts. As of the Addition Cut Off Date, each
     Additional Account designated hereby is an Eligible Account;

            (d)  Insolvency. As of each of the Addition Cut Off Date and the
     Addition Date, no Insolvency Event with respect to the Trust has occurred
     and the transfer by the Transferor of Receivables arising in the Additional
     Accounts to the Collateral Agent has not been made in contemplation of the
     occurrence thereof;

            (e)  No Adverse Effect. The acquisition by the Collateral Agent of
     the Receivables arising in the Additional Accounts shall not, in the
     reasonable belief of the Trust, result in an Adverse Effect;

            (f)  No Conflict. The execution and delivery by the Trust of this
     Assignment, the performance of the transactions contemplated by this
     Assignment and the fulfillment of the terms hereof applicable to the Trust,
     will not conflict with or violate any Requirements of Law applicable to the
     Trust or 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 the Trust is a party
     or by which it or its properties are bound;

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

                                      B-4

<PAGE>

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

            6.   Amendment of the Asset Pool One Supplement. The Asset Pool One
Supplement is hereby amended to provide that all references therein to the
"Asset Pool One Supplement," to "this Asset Pool One Supplement" and "herein"
shall be deemed from and after the Addition Date to be a dual reference to the
Asset Pool One Supplement as supplemented by this Assignment. All references
therein to Additional Asset Pool One Accounts shall be deemed to include the
Additional Accounts designated hereby and all references therein to Asset Pool
One Receivables shall be deemed to include the Receivables pledged hereby.
Except as expressly amended hereby, all of the representations, warranties,
terms, covenants and conditions of the Asset Pool One Supplement 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 a consent
to noncompliance with any term or provision of the Asset Pool One Supplement.

            7.   Counterparts. This Assignment 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 shall constitute one and the same
instrument.

            8.   GOVERNING LAW. THIS ASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF DELAWARE, 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.

            9. Limitation of Liability. Notwithstanding any other provision
herein or elsewhere, this Assignment has been executed and delivered by
Wilmington Trust Company, not in its individual capacity, but solely in its
capacity as Owner Trustee, acting of the Trust, in no event shall Wilmington
Trust Company in its individual capacity have any liability in respect of the
representations, warranties, or obligations of the Trust hereunder or under any
other document, as to all of which recourse shall be had solely to the assets of
the Trust, and for all purposes of this Assignment and each other document, the
Owner Trustee (as such or in its individual capacity) shall be subject to, and
entitled to the benefits of, the terms and provisions of the Trust Agreement.

                                      B-5

<PAGE>

            IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust, and
the Collateral Agent have caused this Assignment to be duly executed by their
respective officers as of the day and year first above written.

                                           BANK ONE ISSUANCE TRUST

                                           By:  WILMINGTON TRUST COMPANY,
                                                not in its individual capacity
                                                but solely as Owner Trustee
                                                on behalf of the Trust

                                           By:__________________________________
                                              Name:
                                              Title:

                                           WELLS FARGO BANK MINNESOTA,
                                           NATIONAL ASSOCIATION,
                                           as Collateral Agent

                                           By:__________________________________
                                              Name:
                                              Title:

                                      B-6

<PAGE>

                                                       Schedule 1 (to Exhibit B)
                                                       -------------------------

                   LIST OF ADDITIONAL ASSET POOL ONE ACCOUNTS
                   ------------------------------------------

                                      B-7

<PAGE>

                                                       Schedule 2 (to Exhibit B)
                                                       -------------------------

                             Bank One Issuance Trust
                              Officer's Certificate

            ____________________, a duly authorized officer of Wilmington Trust
Company, a Delaware banking corporation, as owner trustee (the "Owner Trustee")
for the Bank One Issuance Trust (the "Trust"), hereby certifies and acknowledges
on behalf of the Trust that to the best of [her/his] knowledge the following
statements are true on ____ ____, ___ (the "Addition Date"), and acknowledges on
behalf of the Trust that this Officer's Certificate will be relied upon by Wells
Fargo Bank Minnesota, National Association ("Wells Fargo"), as collateral agent
(the "Collateral Agent") in connection with the Collateral Agent entering into
Assignment No. ____ of Receivables in Additional Accounts, dated as of the
related Addition Date (the "Assignment"), by and between the Trust and the
Collateral Agent, in connection with the Asset Pool One Supplement, dated as of
May 1, 2002 (as heretofore supplemented and amended, the "Asset Pool One
Supplement"), by and between the Trust and Wells Fargo as Indenture Trustee and
Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of
the Trust that:

            (a)  Conditions Precedent. All of the requirements for the addition
     of Accounts set forth under Section 2.4(c) of the Asset Pool One Supplement
     shall have been satisfied in all material respects on the Addition Date;

            (b)  Delivery of Assignment. On or prior to the Addition Date, (i)
     the Trust has delivered to the Collateral Agent the Assignment (including
     an acceptance by the Collateral Agent for the benefit of the Asset Pool One
     Noteholders, the Indenture Trustee, in its individual capacity and the
     Collateral Agent, in its individual capacity), (ii) the Trust has indicated
     in its computer files that the Receivables created in connection with the
     Additional Accounts have been transferred to the Collateral Agent and (iii)
     the Trust shall deliver to the Collateral Agent a computer file containing
     a true and complete list of all Additional Accounts identified by account
     number and the aggregate amount of the Receivables in such Additional
     Accounts as of the related Addition Cut Off Date, which computer file shall
     be as of the date of such Assignment, incorporated into and made a part of
     such Assignment and the Asset Pool One Supplement.

            (c)  Legal, Valid and Binding Obligation. This Assignment
     constitutes a legal, valid and binding obligation of the Trust enforceable
     against the Trust in accordance with its terms, except as such
     enforceability may be limited by applicable bankruptcy, insol-

                                      B-8

<PAGE>

     vency, 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).

            (d)  Eligibility of Accounts. As of the Addition Cut Off Date, each
     Additional Account designated hereby is an Eligible Account.

            (e)  Insolvency. As of each of the Addition Cut Off Date and the
     Addition Date, no Insolvency Event with respect to the Trust has occurred
     and the transfer by the Transferor of Receivables arising in the Additional
     Accounts to the Collateral Agent has not been made in contemplation of the
     occurrence thereof.

            (f)  No Adverse Effect. The acquisition by the Collateral Agent of
     the Receivables arising in the Additional Accounts shall not, in the
     reasonable belief of the Trust, result in an Adverse Effect.

            (g)  No Conflict. The execution and delivery by the Trust of this
     Assignment, the performance of the transactions contemplated by this
     Assignment and the fulfillment of the terms hereof applicable to the Trust,
     will not conflict with or violate any Requirements of Law applicable to the
     Trust or 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 the Trust is a party
     or by which it or its properties are bound.

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

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

                                      B-9

<PAGE>

            Initially capitalized terms used herein and not otherwise defined
are used as defined in the Asset Pool One Supplement.

            IN WITNESS WHEREOF, I have hereunto set my hand this _____ day of
________ ____.

                                           BANK ONE ISSUANCE TRUST

                                           By:  WILMINGTON TRUST COMPANY,
                                                not in its individual capacity
                                           but solely as Owner Trustee on behalf
                                           of the Trust

                                           By:__________________________________
                                              Name:
                                              Title:

                                      B-10

<PAGE>

                                                                       Exhibit C
                                                                       ---------

           FORM OF ASSIGNMENT OF AN ADDITIONAL COLLATERAL CERTIFICATE
                           INCLUDED IN ASSET POOL ONE
      (as required by section 2.4(c)(vi) of the Asset Pool One Supplement)

            ASSIGNMENT No. __ OF AN ADDITIONAL COLLATERAL CERTIFICATE INCLUDED
IN ASSET POOL ONE (this "Assignment") dated as of _____________,2 by and between
BANK ONE ISSUANCE TRUST (the "Trust") and WELLS FARGO BANK MINNESOTA, NATIONAL
ASSOCIATION ("Wells Fargo") as collateral agent (the "Collateral Agent"),
pursuant to the Asset Pool One Supplement referred to below.

                              W I T N E S S E T H:
                              - - - - - - - - - -

            WHEREAS, the Trust and Wells Fargo, as Collateral Agent and
Indenture Trustee, are parties to the Asset Pool One Supplement, dated as of May
1, 2002 (hereinafter as such agreement may have been, or may from time to time
be, amended, supplemented or otherwise modified, the "Asset Pool One
Supplement");

            WHEREAS, pursuant to subsection 2.4(a) or 2.4(b) of the Asset Pool
One Supplement, the Trust wishes to designate an Additional Collateral
Certificate to be included as an Asset Pool One Collateral Certificate and to
pledge hereby such Additional Collateral Certificate to the Collateral Agent;
and

            WHEREAS, the Collateral Agent, on behalf of and for the benefit and
security of the Asset Pool One Noteholders, the Indenture Trustee, in its
individual capacity and the Collateral Agent, in its individual capacity, is
willing to accept such designation and pledge subject to the terms and
conditions hereof;

            NOW, THEREFORE, the Trust and the Collateral Agent agree as follows:

            1.   Defined Terms. All capitalized terms used herein shall have the
meanings ascribed to them in the Asset Pool One Supplement unless otherwise
defined herein.

            "Addition Date" shall mean, with respect to the Additional
Collateral Certificate designated on Schedule 1 hereto, ____________, ____.

-----------
    2   To be dated as of the applicable Addition Date.

                                      C-1

<PAGE>

            "Notice Date" shall mean, with respect to the Additional Collateral
Certificate designated on Schedule 1 hereto, _____ __, ___ (which shall be a
date on or prior to the third Business Day prior to the Addition Date with
respect to additions pursuant to subsection 2.4(a) of the Asset Pool One
Supplement and the fifth Business Day prior to the Addition Date with respect to
additions pursuant to subsection 2.4(b) of the Asset Pool One Supplement).

            2.   Pledge of Additional Collateral Certificates. (a) The Trust
does hereby grant to the Collateral Agent, for the benefit and security of the
Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity
and the Collateral Agent, in its individual capacity, a security interest in all
of its right, title and interest, whether now owned or hereafter acquired, in
and to the Additional Collateral Certificate. The foregoing does not constitute
and is not intended to result in the creation or assumption by the Collateral
Agent of any obligation of the Trust or any other Person in connection with the
Additional Collateral Certificate or under any agreement or instrument relating
thereto, including any obligation to Obligors, merchant banks, merchants
clearance systems, VISA, MasterCard or insurers. This Assignment constitutes a
security agreement under the UCC.

            (b)  If necessary, the Trust agrees to record and file, at its own
     expense, financing statements (and continuation statements when applicable)
     with respect to the Additional Collateral Certificate meeting the
     requirements of applicable state law in such manner and in such
     jurisdictions as are necessary to perfect, and maintain perfection of, the
     assignment of its interest in such Additional Collateral Certificate to the
     Collateral Agent, and to deliver a file-stamped copy of each such financing
     statement or other evidence of such filing to the Collateral Agent on or
     prior to the Addition Date. Neither the Indenture Trustee or the Collateral
     Agent shall be under any obligation whatsoever to file such financing or
     continuation statements or to make any filing under the UCC in connection
     with such assignment.

            (c)  It is the intention of the parties hereto that all pledges of
     Additional Collateral Certificates to the Collateral Agent pursuant to this
     Assignment be subject to, and be treated in accordance with, the Delaware
     Act and each of the parties hereto agrees that this Assignment has been
     entered into by the parties hereto in express reliance upon the Delaware
     Act. For purposes of complying with the requirements of the Delaware Act,
     each of the parties hereto hereby agrees that any property, assets or
     rights purported to be transferred, in whole or in part, by the Transferor
     pursuant to this Assignment shall be deemed to no longer by the property,
     assets or rights of the Transferor. The parties hereto acknowledge and
     agree that each such transfer is occurring in connections with a
     "securitization transaction" within the meaning of the Delaware Act.

                                      C-2

<PAGE>

            3.   Acceptance by the Collateral Agent. The Collateral Agent hereby
acknowledges its acceptance for the benefit and security of the Asset Pool One
Noteholders, the Indenture Trustee, in its individual capacity and the
Collateral Agent, in its individual capacity, of a security interest in all
right, title and interest to the Additional Collateral Certificate which has
been pledged to the Collateral Agent pursuant to Section 2(a) of this
Assignment.

            4.   Representations and Warranties of the Transferor. The Trust
hereby represents and warrants to the Collateral Agent, as the Addition Date,
that:

            (a)  Conditions Precedent. All of the requirements for the addition
     of Additional Collateral Certificates set forth under subsection 2.12(c) of
     the Transfer and Servicing Agreement shall have been satisfied and all of
     the representations and warranties set forth under subsection 2.04(a) of
     the Transfer and Servicing Agreement to be made on each Addition Date shall
     be true and correct in all material respects on such Addition Date;

            (b)  Legal Valid and Binding Obligation. This Assignment constitutes
     a legal, valid and binding obligation of the Trust enforceable against the
     Trust 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);

            (c)  Eligibility of Additional Collateral Certificate. As of the
     Addition Date, the Additional Collateral Certificate designated hereby is
     an Eligible Collateral Certificate;

            (d)  Insolvency. As of the Addition Date, no Insolvency Event with
     respect to the Trust has occurred and the transfer by the Transferor of
     Receivables arising in the Additional Collateral Certificate to the
     Collateral Agent has not been made in contemplation of the occurrence
     thereof;

            (e)  No Adverse Effect. The acquisition by the Collateral Agent of
     the Additional Collateral Certificate shall not, in the reasonable belief
     of the Trust, result in an Adverse Effect;

            (f)  No Conflict. The execution and delivery by the Trust of this
     Assignment, the performance of the transactions contemplated by this
     Assignment and the fulfillment of the terms hereof applicable to the Trust,
     will not conflict with or violate any Require-

                                      C-3

<PAGE>

     ments of Law applicable to the Trust or 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 the Trust is a party or by which it or its properties are bound;

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

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

            5.   Conditions Precedent. The assignment hereunder of the
     Additional Collateral Certificate and the amendment of the Asset Pool One
     Supplement pursuant to Section 6 of this Assignment are each subject to:

            (a)  the delivery, on or prior to the Addition Date, to the
     Collateral Agent by the Trust of an Officer's Certificate in the form of
     Schedule 2 to this Assignment certifying that (i) as of the Addition Date,
     all requirements set forth in Section 2.4(c) of the Asset Pool One
     Supplement have been satisfied, and (ii) each of the representations and
     warranties made by the Trust in Section 5 hereof is true and correct as of
     the Addition Date. The Collateral Agent may conclusively rely on such
     Officer's Certificate, shall have no duty to make inquiries with regard to
     the matters set forth therein and shall incur no liability in so relying.

            6.   Amendment of the Asset Pool One Supplement. The Asset Pool One
Supplement is hereby amended to provide that all references therein to the
"Asset Pool One Supplement," to "this Asset Pool One Supplement" and "herein"
shall be deemed from and after the Addition Date to be a dual reference to the
Asset Pool One Supplement as supplemented by this Assignment. All references
therein to Additional Asset Pool One Collateral Certificates shall be deemed to
include the Additional Collateral Certificate designated hereby. Except as
expressly amended hereby, all of the representations, warranties, terms,
covenants and conditions

                                      C-4

<PAGE>

of the Asset Pool One Supplement 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 a consent to noncompliance with any
term or provision of the Asset Pool One Supplement.

            7.   Counterparts. This Assignment 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 shall constitute one and the same
instrument.

            8. GOVERNING LAW. THIS ASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF DELAWARE, 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.

            9.   Limitation of Liability. Notwithstanding any other provision
herein or elsewhere, this Assignment has been executed and delivered by
Wilmington Trust Company on behalf of the Trust, not in its individual capacity,
but solely in its capacity as Owner Trustee, in no event shall Wilmington Trust
Company in its individual capacity have any liability in respect of the
representations, warranties, or obligations of the Trust hereunder or under any
other document, as to all of which recourse shall be had solely to the assets of
the Trust, and for all purposes of this Assignment and each other document, the
Owner Trustee (as such or in its individual capacity) shall be subject to, and
entitled to the benefits of, the terms and provisions of the Trust Agreement.

                                      C-5

<PAGE>

            IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust, and
the Collateral Agent have caused this Assignment to be duly executed by their
respective officers as of the day and year first above written.

                                           BANK ONE ISSUANCE TRUST

                                           By:  WILMINGTON TRUST
                                                COMPANY, not in its individual
                                                capacity but solely as Owner
                                                Trustee on behalf of the Trust

                                           By:__________________________________
                                              Name:
                                              Title:

                                           WELLS FARGO BANK MINNESOTA,
                                           NATIONAL ASSOCIATION,
                                           as Collateral Agent

                                           By:__________________________________
                                              Name:
                                              Title:

                                      C-6

<PAGE>

                                                       Schedule 1 (to Exhibit C)
                                                       -------------------------

            LIST OF ADDITIONAL ASSET POOL ONE COLLATERAL CERTIFICATES
            ---------------------------------------------------------

                                      C-7

<PAGE>

                                                       Schedule 2 (to Exhibit C)
                                                       -------------------------

                             Bank One Issuance Trust
                              Officer's Certificate

            ____________________, a duly authorized officer of Wilmington Trust
Company, a Delaware banking corporation, as owner trustee (the "Owner Trustee")
for the Bank One Issuance Trust (the "Trust"), hereby certifies and acknowledges
on behalf of the Trust that to the best of [her/his] knowledge the following
statements are true on _______ __, ___ (the "Addition Date"), and acknowledges
on behalf of the Trust that this Officer's Certificate will be relied upon by
Wells Fargo Bank Minnesota, National Association ("Wells Fargo"), as collateral
agent (the "Collateral Agent") in connection with the Collateral Agent entering
into Assignment No. __ of Receivables in Additional Accounts, dated as of the
related Addition Date (the "Assignment"), by and between the Trust and the
Collateral Agent, in connection with the Asset Pool One Supplement, dated as of
May 1, 2002 (as heretofore supplemented and amended, the "Asset Pool One
Supplement"), by and between the Trust and Wells Fargo as Indenture Trustee and
Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of
the Trust that:

            (a)  Conditions Precedent. All of the requirements for the addition
     of Additional Collateral Certificates set forth under Section 2.4(c) of the
     Asset Pool One Supplement shall have been satisfied in all material
     respects on such Addition Date.

            (b)  Delivery of Assignment. On or prior to the Addition Date, (i)
     the Trust has delivered to the Collateral Agent the Assignment (including
     an acceptance by the Collateral Agent for the benefit of the Asset Pool One
     Noteholders, the Indenture Trustee, in its individual capacity and the
     Collateral Agent, in its individual capacity) and (ii) the Trust shall
     deliver to the Collateral Agent the Additional Collateral Certificate.

            (c)  Legal Valid and Binding Obligation. This Assignment constitutes
     a legal, valid and binding obligation of the Trust enforceable against the
     Trust 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).

                                       C-8

<PAGE>

               (d)   Eligibility of Additional Collateral Certificate. As of the
        Addition Date, the Additional Collateral Certificate designated hereby
        is an Eligible Collateral Certificate.

               (e)   Insolvency. As of the Addition Date, no Insolvency Event
        with respect to the Trust has occurred and the transfer by the
        Transferor of Receivables arising in the Additional Collateral
        Certificate to the Collateral Agent has not been made in contemplation
        of the occurrence thereof.

               (f)   No Adverse Effect. The acquisition by the Collateral Agent
        of the Additional Collateral Certificate shall not, in the reasonable
        belief of the Trust, result in an Adverse Effect.

               (g)   No Conflict. The execution and delivery by the Trust of
        this Assignment, the performance of the transactions contemplated by
        this Assignment and the fulfillment of the terms hereof applicable to
        the Trust, will not conflict with or violate any Requirements of Law
        applicable to the Trust or 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 the Trust is a party or by which it or its
        properties are bound.

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

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

               Initially capitalized terms used herein and not otherwise defined
are used as defined in the Asset Pool One Supplement.

                                      C-9

<PAGE>

              IN WITNESS WHEREOF, I have hereunto set my hand this _____ day of
________ ____.

                                         BANK ONE ISSUANCE TRUST

                                         By:  WILMINGTON TRUST COMPANY,
                                              not in its individual capacity but
                                         solely as Owner Trustee on behalf of
                                         the Trust

                                         By:____________________________________
                                            Name:
                                            Title:

                                      C-10

<PAGE>

                                                                       Exhibit D
                                                                       ---------

             FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS
                           INCLUDED IN ASSET POOL ONE
      (as required by section 2.5(b)(ii) of the Asset Pool One Supplement)

         REASSIGNMENT No. _______ OF RECEIVABLES INCLUDED IN ASSET POOL ONE
(this "Reassignment"), dated as of _________, /3/ by and between BANK ONE
ISSUANCE TRUST (the "Trust") and WELLS FARGO BANK MINNESOTA, NATIONAL
ASSOCIATION (the "Collateral Agent"), pursuant to the Asset Pool One Supplement
referred to below.

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Trust and the Collateral Agent are parties to the Asset
Pool One Supplement, dated as of May 1, 2002 (hereinafter as such agreement may
have been, or may from time to time be, amended, supplemented or otherwise
modified, the "Asset Pool One Supplement");

         WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to
remove from Asset Pool One all Asset Pool One Receivables in certain designated
Asset Pool One Accounts (the "Removed Asset Pool One Accounts") and to cause the
Collateral Agent to reassign the Asset Pool One Receivables of such Removed
Asset Pool One Accounts, whether now existing or hereafter created, from the
Collateral Agent to the Trust; and

         WHEREAS the Collateral Agent is willing to accept such designation and
to reconvey the Asset Pool One Receivables in the Removed Asset Pool One
Accounts subject to the terms and conditions hereof;

         NOW, THEREFORE, the Trust and the Collateral Agent hereby agree as
follows:

         1. Defined Terms. All terms defined in the Asset Pool One Supplement
and used herein shall have such defined meanings when used herein, unless
otherwise defined herein.

         "Removal Date" shall mean, with respect to the Removed Asset Pool One
Accounts designated hereby, ___________, ____

__________________________

   /3/    To be dated as of the Removal Date.

                                      D-1

<PAGE>

         "Removal Notice Date" shall mean, with respect to the Removed Asset
Pool One Accounts, _____________, _____

         2.   Designation of Removed Asset Pool One Accounts. On or before the
Removal Date, the Trust will deliver to the Collateral Agent a computer file
containing a true and complete schedule identifying all Asset Pool One Accounts,
the Asset Pool One Receivables of which are being removed from Asset Pool One,
specifying for each such Asset Pool One Account, as of the Removal Notice Date,
its account number, the aggregate amount outstanding in such Asset Pool One
Account and the aggregate amount of Asset Pool One Principal Receivables in such
Asset Pool One Account, which computer file shall supplement Schedule 1 to the
Asset Pool One Supplement.

         3.   Conveyance of Receivables. (a) The Collateral Agent does hereby
reassign to the Trust, without recourse, on and after the Removal Date, all
right, title and interest of the Collateral Agent in, to and under the Asset
Pool One Receivables existing at the close of business on the Removal Notice
Date and thereafter created from time to time in the Removed Asset Pool One
Accounts identified on Schedule 1 to this Reassignment, all Interchange and
Recoveries related thereto, all monies due or to become due (including all Asset
Pool One Finance Charge Receivables) and all amounts received or receivable with
respect thereto and all proceeds (as defined in the UCC as in effect in the
applicable jurisdiction) thereof.

         (b)  In connection with such reassignment, the Collateral Agent agrees
     to execute and deliver to the Trust, on or prior to the date this
     Reassignment is delivered, applicable termination statements prepared by
     the Collateral Agent with respect to the Asset Pool One Receivables
     existing at the close of business on the Removal Date and thereafter
     created from time to time in the Removed Asset Pool One Accounts reassigned
     hereby and the proceeds thereof evidencing the release by the Collateral
     Agent of its security interest in the Asset Pool One Receivables in the
     Removed Asset Pool One Accounts, and meeting the requirements of applicable
     state law, in such manner and such jurisdictions as necessary to terminate
     such interest.

         4.   Conditions Precedent. The reassignment hereunder of the Asset Pool
One Receivables in the Removed Asset Pool One Accounts and the amendment of the
Asset Pool One Supplement pursuant to Section 6 of this Reassignment are each
subject to:

         (a)  the satisfaction, on or prior to the Removal Date, of the
     conditions set forth in Section 2.5(b) of the Asset Pool One Supplement;
     and

         (b)  the delivery, on or prior to the Removal Date, to the Collateral
     Agent by the Trust of an Officer's Certificate in the form of Schedule 2 to
     this Reassignment

                                      D-2

<PAGE>

     certifying that (i) as of the Removal Date, all requirements set forth in
     Section 2.5(b) of the Asset Pool One Supplement for designating Removed
     Asset Pool One Accounts and reconveying the Asset Pool One Receivables of
     such Removed Asset Pool One Accounts, whether now existing or hereafter
     created, have been satisfied, and (ii) each of the representations and
     warranties made by the Trust in Section 5 hereof is true and correct as of
     the Removal Date. The Collateral Agent may conclusively rely on such
     Officer's Certificate, shall have no duty to make inquiries with regard to
     the matters set forth therein and shall incur no liability in so relying.

         5.   Representations and Warranties. The Trust hereby represents and
warrants to the Collateral Agent as of the Removal Date:

         (a)  Legal Valid and Binding Obligation. This Reassignment constitutes
     a legal, valid and binding obligation of the Trust enforceable against the
     Trust, 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); and

         (b)  List of Removed Accounts. The list of Removed Asset Pool One
     Accounts delivered pursuant to subsection 2.13(b)(iii) of the Asset Pool
     One Supplement, as of the Removal Date, is true and complete in all
     material respects.

         6.   Amendment of the Asset Pool One Supplement. The Asset Pool One
Supplement is hereby amended to provide that all references therein to the
"Asset Pool One Supplement," to "this Asset Pool One Supplement" and "herein"
shall be deemed from and after the Removal Date to be a dual reference to the
Asset Pool One Supplement as supplemented by this Reassignment. All references
therein to the Asset Pool One Accounts shall be deemed not to include the
Removed Asset Pool One Accounts designated hereunder and all references to Asset
Pool One Receivables shall be deemed not to include the Asset Pool One
Receivables reassigned hereunder. Except as expressly amended hereby, all of the
representations, warranties, terms, covenants and conditions of the Asset Pool
One Supplement 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 a consent to noncompliance with any term or
provision of the Asset Pool One Supplement.

                                      D-3

<PAGE>

     7. Counterparts. This Reassignment 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 shall constitute one and the same
instrument.

     8. GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF DELAWARE, 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.

     9. Limitation of Liability. Notwithstanding any other provision herein or
elsewhere, this Reassignment has been executed and delivered by Wilmington Trust
Company on behalf of the Trust, not in its individual capacity, but solely in
its capacity as Owner Trustee, in no event shall Wilmington Trust Company in its
individual capacity have any liability in respect of the representations,
warranties, or obligations of the Trust hereunder or under any other document,
as to all of which recourse shall be had solely to the assets of the Trust, and
for all purposes of this Reassignment and each other document, the Owner Trustee
(as such or in its individual capacity) shall be subject to, and entitled to the
benefits of, the terms and provisions of the Trust Agreement.

                                      D-4

<PAGE>

                  IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust,
and the Collateral Agent have caused this Reassignment to be duly executed by
their respective officers as of the day and year first above written.

                                             BANK ONE ISSUANCE TRUST

                                             By:  WILMINGTON TRUST COMPANY,
                                                  not in its individual capacity
                                                  but solely as Owner Trustee
                                                  on behalf of the Trust

                                             By:________________________________
                                                Name:
                                                Title:

                                             WELLS FARGO BANK MINNESOTA,
                                             NATIONAL ASSOCIATION,
                                             as Collateral Agent,

                                             By:________________________________
                                                Name:
                                                Title:

                                       D-5

<PAGE>

                                                       Schedule 1 (to Exhibit D)
                                                       ------------------------

                         REMOVED ASSET POOL ONE ACCOUNTS
                         -------------------------------

                                      D-6

<PAGE>

                                                     Schedule 2-A (to Exhibit D)
                                                     --------------------------

                             Bank One Issuance Trust
                              Officers Certificate

          ____________________, a duly authorized officer of the Wilmington
Trust Company (the "Owner Trustee"), on behalf of the Bank One Issuance Trust
(the "Trust"), hereby certifies and acknowledges on behalf of the Trust that to
the best of [her/his] knowledge the following statements are true on _____ __,
___ (the "Removal Date"), and acknowledges on behalf of the Trust that this
Officer's Certificate will be relied upon by Wells Fargo Bank Minnesota,
National Association, as Collateral Agent (the "Collateral Agent") in connection
with the Collateral Agent entering into Reassignment No. __ of Receivables in
Additional Accounts Included in Asset Pool One, dated as of the related Removal
Date (the "Reassignment"), among the Trust and the Collateral Agent in
connection with the Asset Pool One Supplement, dated as of May 1, 2002 (as
heretofore supplemented and amended, the "Asset Pool One Supplement"), by and
among the Trust and the Collateral Agent. The undersigned hereby certifies and
acknowledges on behalf of the Trust that:

          (a) On or prior to the Removal Date, the Trust has delivered to the
Collateral Agent, for execution, the Reassignment and within five Business Days
after the Removal Date, the Trust shall deliver to the Collateral Agent computer
list as of _____ __, ___ with respect to the Removed Asset Pool One Accounts
identified on Schedule 1 to such Reassignment, containing a true and complete
list of such Removed Asset Pool One Accounts identified by account number and
the aggregate amount of the Asset Pool One Receivables in such Removed Asset
Pool One Accounts incorporated into and made a part of such Reassignment and the
Asset Pool One Supplement.

          (b) The Reassignment constitutes a legal, valid and binding obligation
of the Trust enforceable against the Trust 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 the rights of
creditors of national banking associations and except as such enforceability may
be limited by general principles of equity (whether considered in a suit at law
or in equity).

          (c) All requirements set forth in Section 2.5(b) of the Asset Pool One
Supplement for designating Removed Asset Pool One Accounts and conveying the
Asset Pool

                                       D-7

<PAGE>

One Principal Receivables of such Asset Pool One Accounts, whether now existing
or hereafter created, have been satisfied.

          Initially capitalized terms used herein and not otherwise
defined are used as defined in the Asset Pool One Supplement.

          IN WITNESS WHEREOF, I have hereunto set my hand as of the ____ day of
_____, ____.

                                                  WILMINGTON TRUST COMPANY,
                                                  not in its individual capacity
                                                  but solely as Owner Trustee
                                                  on behalf of the Trust

                                                  By:__________________________
                                                     Name:
                                                     Title:

                                       D-8

<PAGE>

                                                     Schedule 2-B (to Exhibit D)
                                                     --------------------------

                      First USA Bank, National Association
                             Bank One Issuance Trust
                              Officer's Certificate

          ____________________, a duly authorized officer of First USA Bank,
National Association, a national banking association (the "Servicer"), hereby
certifies and acknowledges on behalf of the Servicer that to the best of
[her/his] knowledge the following statements are true on _________,_______ (the
"Removal Date"), and acknowledges on behalf of the Servicer that this Officer's
Certificate will be relied upon by Wells Fargo Bank Minnesota, National
Association, as Collateral Agent (the "Collateral Agent") of the Bank One
Issuance Trust in connection with the Collateral Agent entering into
Reassignment No._______ of Receivables in Additional Accounts, dated as of the
related Removal Date (the "Reassignment"), among the Issuer and the Collateral
Agent, in connection with the Asset Pool One Supplement, dated as of May 1, 2002
(as heretofore supplemented and amended, the "Asset Pool One Supplement"), by
and among the Trust, and Wells Fargo Bank Minnesota, National Association, as
Indenture Trustee and Collateral Agent. The undersigned hereby certifies and
acknowledges on behalf of the Servicer that:

          (a) (x) a random selection procedure was used by the Servicer in
selecting the Removed Accounts and only one such removal of randomly selected
Accounts shall occur in the then current Monthly Period, (y) the Removed
Accounts arose pursuant to an affinity, private-label, agent-bank, co-branding
or other arrangement with a third party that has been cancelled by such third
party or has expired without renewal and which by its terms permits the third
party to repurchase the Removed Accounts subject to such arrangement, upon such
cancellation or non-renewal and the third party has exercised such repurchase
right or (z) the Removed Accounts were selected using another method that will
not preclude transfers from being accounted for as sales under generally
accepted accounting principles or prevent the Transferor from continuing to
qualify as a qualifying special purpose entity in accordance with SFAS No. 140
(or any relevant replacement statement).

          (b) On or before the fifth Business Day prior to the Removal Date, the
Servicer gave each Rating Agency written notice that the Asset Pool One
Receivables from the Removed Asset Pool One Accounts are to be reassigned to the
Trust or its designee, specifying the date for removal of the Removed Asset Pool
One Accounts.

          Initially capitalized terms used herein and not otherwise defined are
used as defined in the Transfer and Servicing Agreement.

                                       D-9

<PAGE>

          IN WITNESS WHEREOF, I have hereunto set my hand as of the ______ day
of _________ , _______.

                                           FIRST USA BANK, NATIONAL ASSOCIATION,
                                            as Servicer

                                             By:_______________________
                                                Name:
                                                Title:

                                      D-10

<PAGE>

                                                                       EXHIBIT E

                             BANK ONE ISSUANCE TRUST
          Form of Monthly Payment Instructions and Notification to the
                   First USA Credit Card Master Trust Trustee
            First USA Credit Card Master Trust Collateral Certificate

                            Monthly Period: [    ] 2002

1.       Unless otherwise specified herein, capitalized terms used in this
         certificate have their respective meanings set forth in the Amended
         and Restated Pooling and Servicing Agreement, dated as of March 28,
         2002, as supplemented by the Series 2002-CC Supplement, dated as of
         May 1, 2002, each as between First USA Bank, National Association and
         The Bank of New York (Delaware) (collectively, the "Agreement").

2.       First USA Bank, National Association is, as of the date hereof, the
         Transferor, Servicer and Administrator under the Transfer and Servicing
         Agreement.

3.       The undersigned is a Servicing Officer.

4.       The Proposed Principal Shortfall Amount for the related Monthly Period
         which the Series 2002-CC Certificateholder requests to be made in
         accordance with Section 3.13 of the Asset Pool One Supplement         $

5.       The Additional Invested Amount which the Series 2002-CC
         Certificateholder requests to purchase from the First USA Credit Card
         Master Trust on the related Transfer Date                             $

         IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this certificate on this [   ] day of [       ] 2002.

                                           FIRST USA BANK, NATIONAL ASSOCIATION,
                                           as Servicer

                                           By:______________________________
                                              Name:
                                              Title:

                                      E-1

<PAGE>

                                                                       EXHIBIT F

                             BANK ONE ISSUANCE TRUST
                  Asset Pool One Monthly Servicer's Certificate

                         Monthly Period: [          ] 2002

1.        Capitalized terms used in this certificate have their respective
          meanings set forth in the Indenture, dated as of May 1, 2002, and the
          Asset Pool One Supplement, dated as of May 1, 2002, each between Bank
          One Issuance Trust and Wells Fargo Bank Minnesota, National
          Association, and the Amended and Restated Pooling and Servicing
          Agreement, dated as of March 28, 2002, between First USA Bank,
          National Association and The Bank of New York (Delaware).

2.        First USA Bank National Association is, as of the date hereof, the
          Transferor, Servicer and Administrator under the Transfer and
          Servicing Agreement.

3.        The undersigned is a Servicing Officer.

4.        Collateral of Asset Pool One as of the last day of the related Monthly
          Period

          Collateral Certificates                                              $
          Principal Receivables                                                $
          Excess Funding Amount                                                $
          TOTAL:                                                               $

5a.       The Nominal Liquidation Amount of all Asset Pool One Notes as of the
          last day of the related Monthly Period

          ONEseries                                                            $
          TOTAL                                                                $

5b.       Asset Pool One Transferor Amount as of the last day of the related
          Monthly Period                                                       $

5c.       Asset Pool One Required Transferor Amount for the related Monthly
          Period                                                               $

6a.       The aggregate amount of Collections of Principal Receivables received
          by Asset Pool One for the related Monthly Period                     $

6b.       The aggregate amount of Collections of Principal Receivables allocated
          pursuant to Section 3.3 of the Asset Pool One Supplement for the
          related Monthly Period

          ONEseries           %                                                $
                              -
          TOTAL               %                                                $

7a.       The aggregate amount of Collections of Finance Charge Receivables
          received by Asset Pool One for the related Monthly Period            $

                                      F-1

<PAGE>

7b.       The aggregate amount of Collections of Finance Charge Receivables
          allocated pursuant to subsection 3.2(a) of the Asset Pool One
          Supplement for the related Monthly Period

          ONEseries           %                                                $
                              -
          TOTAL               %                                                $

8a.       The Asset Pool One Servicing Fee for the related

          Monthly Period                                                       $

8b.       The Asset Pool One Servicing Fee allocated to each Series pursuant to
          subsection 3.4(b) of the Asset Pool One Supplement for the related
          Monthly Period

          ONEseries           %                                                $
                              -
          TOTAL               %                                                $

9a.       The Asset Pool One Default Amount for the related
          Monthly Period                                                       $

9b.       The Asset Pool One Default Amount allocated to each Series pursuant to
          subsection 3.2(b) of the Asset Pool One Supplement for the related
          Monthly Period

          ONEseries           %                                                $
                              -
          TOTAL               %                                                $

10.       The percentage of outstanding balances in Asset Pool One that were
          delinquent as of the end of the day of the last day of the related
          Monthly Period

          30-59 days          %
          60-89 days          %
          90-119 days         %
          120-149 days        %
          150-179 days        %
          TOTAL               %

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate on this [     ] day of [        ] 200__.

                                           FIRST USA BANK, NATIONAL ASSOCIATION,
                                           as Servicer

                                            By:______________________________
                                               Name:
                                               Title:

                                       F-2<PAGE>

                                                                     Exhibit 4.3

================================================================================

                             BANK ONE ISSUANCE TRUST

                                    as Issuer

                                       and

                WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION

          as Indenture Trustee and Collateral Agent for Asset Pool One

                         ONESERIES INDENTURE SUPPLEMENT

                             dated as of May 1, 2002

                                       to

                                    INDENTURE

                             dated as of May 1, 2002

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                           Page
<S>                                                                                        <C>
                                    ARTICLE I

             Definitions and Other Provisions of General Application

Section 1.01  Definitions ..................................................................  1
Section 1.02  Governing Law ................................................................ 31
Section 1.03  Counterparts ................................................................. 31
Section 1.04  Ratification of Indenture .................................................... 31

                                   ARTICLE II

                               The ONEseries Notes

Section 2.01  Creation and Designation ..................................................... 32
Section 2.02  New Issuances of ONEseries Notes ............................................. 32
Section 2.03  Required Subordinated Amount Conditions to Issuance
              of a Tranche of a Senior Class of ONEseries Notes .............................33

                                   ARTICLE III

                       Allocations, Deposits and Payments

Section 3.01  Allocations of Asset Pool One Finance Charge Collections
              and the Asset Pool One Default Amount to the ONEseries Notes ................. 36
Section 3.02  Allocations of ONEseries Available Finance Charge Collections ................ 36
Section 3.03  Targeted Deposits to the Interest Funding Account ............................ 37
Section 3.04  Allocations of ONEseries Available Finance Charge Collections to
              the Interest Funding Account and to the Interest Funding
              Sub-Accounts ................................................................. 39
Section 3.05  Amounts to be Treated as ONEseries Available Finance Charge
              Collections; Payments Received from Derivative Counterparties
              for Interest in a Foreign Currency; Other Deposits to the
              Interest Funding Sub-Accounts. ............................................... 40
Section 3.06  Allocations of Reductions from Investor Charge-Offs to the
              Nominal Liquidation Amount of Subordinated Classes ........................... 41
Section 3.07  Allocations of Reimbursements of Nominal Liquidation Amount Deficits ......... 43
Section 3.08  Allocations of Asset Pool One Principal Collections to the ONEseries Notes ... 44
</TABLE>

                                       i

<PAGE>

<TABLE>
<S>                                                                               <C>
Section 3.09   Application of ONEseries Available Principal Collections ......... 44
Section 3.10   Allocation of ONEseries Servicing Fee Shortfalls ................. 47
Section 3.11   Computation of Reductions to the Nominal Liquidation
               Amount of Subordinated Classes from Reallocations of
               ONEseries Available Principal Collections ........................ 47
Section 3.12   Targeted Deposits of ONEseries Available Principal
               Collections to the Principal Funding Account and the
               Principal Funding Sub-Account .................................... 50
Section 3.13   Allocations among Principal Funding Sub-Accounts ................. 52
Section 3.14   Amounts to be Treated as ONEseries Available Principal
               Collections; Payments Received from Derivative
               Counterparties for Principal; Other Deposits to Principal
               Funding Sub-Accounts ............................................. 54
Section 3.15   Withdrawals from Interest Funding Account ........................ 55
Section 3.16   Withdrawals from Principal Funding Account ....................... 57
Section 3.17   Limit on Deposits to the Principal Funding Sub-Account
               of Subordinated Class of ONEseries Notes; Limit on
               Repayments of all Tranches ....................................... 59
Section 3.18   Calculation of Nominal Liquidation Amount ........................ 60
Section 3.19   Reinvestment in the Collateral of Asset Pool One ................. 62
Section 3.20   Netting of Deposits and Payments ................................. 62
Section 3.21   Pro Rata Payments within a Tranche ............................... 62
Section 3.22   Sale of Collateral for Notes that are Accelerated or
               Reach Legal Maturity ............................................. 62
Section 3.23   Calculation of Prefunding Target Amount .......................... 65
Section 3.24   Targeted Deposits to the Class C Reserve Account ................. 67
Section 3.25   Withdrawals from the Class C Reserve Account ..................... 68
Section 3.26   Computation of Interest .......................................... 69
Section 3.27   Shared Excess Available Finance Charge Collections ............... 69
Section 3.28   Shared Excess Available Principal Collections .................... 70
Section 3.29   Payment of Principal Collections Received with Respect to
               Remaining Series Available Principal Collections Shortfall
               from Asset Pool One Collateral Certificates ...................... 71

Section 3.30   Allocations of Segregated ONEseries Finance Charge
               Collections ...................................................... 72
Section 3.31   Final Payment .................................................... 72

                                   ARTICLE IV

                           Early Amortization of Notes

Section 4.01   Early Amortization Events ........................................ 73

                                    ARTICLE V
</TABLE>

                                       ii

<PAGE>

                         Bank Accounts and Investments

Section 5.01   Bank Accounts ...............................................  75

                                      iii

<PAGE>

                                    EXHIBITS
                                    --------

EXHIBIT A-1   FORM OF CLASS A NOTE

EXHIBIT A-2   FORM OF CLASS B NOTE

EXHIBIT A-3   FORM OF CLASS C NOTE

EXHIBIT B     FORM OF ONESERIES SCHEDULE TO PAYMENT INSTRUCTIONS

EXHIBIT C     FORM OF ONESERIES SCHEDULE TO MONTHLY NOTEHOLDERS' STATEMENT

                                       iv

<PAGE>

          This ONESERIES INDENTURE SUPPLEMENT (this "Indenture Supplement"), by
and between BANK ONE ISSUANCE TRUST, a statutory business trust organized under
the laws of the State of Delaware (the "Issuer"), having its principal office at
1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK
MINNESOTA, NATIONAL ASSOCIATION, a national banking association, in its capacity
as Indenture Trustee (the "Indenture Trustee") and as Collateral Agent for Asset
Pool One (the "Collateral Agent"), is made and entered into as of May 1, 2002.

          Pursuant to this Indenture Supplement, the Issuer shall create a new
Series of Notes (each as defined below), the ONEseries, and shall specify the
principal terms thereof. The ONEseries Notes shall be secured by the Collateral
in Asset Pool One.

                                    ARTICLE I

             Definitions and Other Provisions of General Application

          Section 1.01 Definitions. For all purposes of this Indenture
Supplement, except as otherwise expressly provided or unless the context
otherwise requires:

          (1)  the terms defined in this Article have the meanings assigned to
               them in this Article, and, along with any other term defined in
               any Section of this Indenture Supplement, include the plural as
               well as the singular;

          (2)  all other terms used herein which are defined in the Indenture,
               the Asset Pool One Supplement or the Transfer and Servicing
               Agreement, either directly or by reference therein, have the
               meanings assigned to them therein;

          (3)  all accounting terms not otherwise defined herein have the
               meanings assigned to them in accordance with generally accepted
               accounting principles and, except as otherwise herein expressly
               provided, the term "generally accepted accounting principles"
               with respect to any computation required or permitted hereunder
               means such accounting principles as are generally accepted in the
               United States of America at the date of such computation;

          (4)  all references in this Indenture Supplement to designated
               "Articles," "Sections" and other subdivisions are to the
               designated Articles, Sections and other subdivisions of this
               Indenture Supplement as originally executed. The words "herein,"
               "hereof" and "hereunder" and other words of

<PAGE>

               similar import refer to this Indenture Supplement as a whole and
               not to any particular Article, Section or other subdivision;

          (5)  in the event that any term or provision contained herein shall
               conflict with or be inconsistent with any term or provision
               contained in the Indenture, the terms and provisions of this
               Indenture Supplement shall be controlling;

          (6)  each capitalized term defined herein shall relate only to the
               ONEseries Notes and no other Series of Notes issued by the
               Issuer; and

          (7)  "including" and words of similar import will be deemed to be
               followed by "without limitation."

          "Accumulation Commencement Date" means, for any Tranche of ONEseries
Notes, the first calendar day of the month that is twelve (12) whole calendar
months prior to the Scheduled Principal Payment Date for such Tranche of
ONEseries Notes; provided, however, that, if the Accumulation Period Length for
such Tranche of ONEseries Notes is less than twelve (12) whole calendar months,
the Accumulation Commencement Date will be the first calendar day of the month
that is the number of whole calendar months prior to such Scheduled Principal
Payment Date at least equal to the Accumulation Period Length and, as a result,
the number of Monthly Periods during the period from the Accumulation
Commencement Date to and including the Monthly Period prior to such Scheduled
Principal Payment Date will at least equal the Accumulation Period Length.

          "Accumulation Period Length" is defined in subsection 3.12(b)(ii).

          "Adverse Effect" has the meaning specified in the Indenture.

          "Adjusted Outstanding Dollar Principal Amount" has the meaning
specified in the Indenture.

          "Administrator" has the meaning specified in the Transfer and
Servicing Agreement.

          "Aggregate Remaining Series Available Principal Collections Shortfall"
means, with respect to any Monthly Period as determined on the related
Determination Date, the sum of the Remaining Series Available Principal
Collections Shortfalls (as such term is defined in each of the applicable
Indenture Supplements) for each Series of Asset Pool One Notes for such Monthly
Period.

                                       2

<PAGE>

          "Aggregate Series Available Finance Charge Collections Shortfall"
means, with respect to any Monthly Period as determined on the related
Determination Date, the sum of the Series Available Finance Charge Collections
Shortfalls (as such term is defined in each of the applicable Indenture
Supplements) for each Shared Excess Available Finance Charge Collections Series
in Shared Excess Available Finance Charge Collections Group A for such Monthly
Period.

          "Aggregate Series Available Principal Collections Shortfall" means,
with respect to any Monthly Period as determined on the related Determination
Date, the sum of the Series Available Principal Collections Shortfalls (as such
term is defined in each of the applicable Indenture Supplements) for each Series
of Asset Pool One Notes for such Monthly Period.

          "Amortization Period" means, with respect to any Tranche of ONEseries
Notes, each Monthly Period with respect to which a deposit is required to be
made into the Principal Funding Sub-Account of such Tranche of ONEseries Notes
pursuant to subsection 3.09(e) and Section 3.12.

          "Asset Pool One" means the Asset Pool (as defined in the Indenture)
securing the ONEseries Notes and any other Series of Notes if so specified in
the applicable Indenture Supplement for such Series of Notes.

          "Asset Pool One Accounts" has the meaning specified in the Asset Pool
One Supplement.

          "Asset Pool One Average Principal Balance" has the meaning
specified in the Asset Pool One Supplement.

          "Asset Pool One Collateral Certificate" has the meaning specified in
the Asset Pool One Supplement.

          "Asset Pool One Collateral Certificate Principal Shortfall Payments"
has the meaning specified in the Asset Pool One Supplement.

          "Asset Pool One Default Amount" has the meaning specified in the Asset
Pool One Supplement.

          "Asset Pool One Finance Charge Collections" has the meaning specified
in the Asset Pool One Supplement.

          "Asset Pool One Minimum Pool Balance" has the meaning specified in the
Asset Pool One Supplement.

                                       3

<PAGE>

          "Asset Pool One Notes" has the meaning specified in the Asset Pool One
Supplement.

          "Asset Pool One Pool Balance" has the meaning specified in the Asset
Pool One Supplement.

          "Asset Pool One Principal Collections" has the meaning specified in
the Asset Pool One Supplement.

          "Asset Pool One Receivables" has the meaning specified in the Asset
Pool One Supplement.

          "Asset Pool One Reinvestment Amount" has the meaning specified in the
Asset Pool One Supplement.

          "Asset Pool One Restriction Event" means, (a) with respect to any
Asset Pool One Collateral Certificate, the applicable transferor for the related
Master Trust becomes unable for any reason to transfer receivables to that
Master Trust or (b) with respect to any Asset Pool One Account, a Transfer
Restriction Event occurs with respect to any Asset Pool One Receivables arising
in such Asset Pool One Account.

          "Asset Pool One Servicing Fee" has the meaning specified in the Asset
Pool One Supplement.

          "Asset Pool One Supplement" means the Asset Pool One Supplement to the
Indenture, dated as of May 1, 2002 among the Issuer and Wells Fargo Bank
Minnesota, National Association, as Indenture Trustee and as Collateral Agent
for Asset Pool One, as amended, supplemented, restated or otherwise modified
from time to time.

          "Asset Pool One Transferor Amount" has the meaning specified in the
Asset Pool One Supplement.

          "Asset Pool One Transferor Percentage" has the meaning specified in
the Asset Pool One Supplement.

          "Asset Pool Supplement" has the meaning specified in the Indenture.

          "Available Finance Charge Collections" has the meaning specified in
the Indenture.

          "Available Principal Collections" has the meaning specified in the
Indenture.

                                       4

<PAGE>

          "Bankruptcy Code" means the United States Bankruptcy Code located in
Title 11 of the United States Code.

          "Base Rate" means, with respect to any Monthly Period, the sum of (1)
the ONEseries Servicing Fee Percentage and (2) the weighted average (based on
the Outstanding Dollar Principal Amount of the related ONEseries Notes) of the
following:

          (a) in the case of a Tranche of ONEseries Dollar Interest-bearing
     Notes with no Derivative Agreement for interest, the rate of interest
     applicable to such Tranche for the period from and including the Monthly
     Interest Accrual Date for such Tranche of ONEseries Dollar Interest-bearing
     Notes in such Monthly Period to but excluding the Monthly Interest Accrual
     Date for such Tranche of ONEseries Dollar Interest-bearing Notes in the
     following Monthly Period;

          (b) in the case of a Tranche of ONEseries Discount Notes, the rate of
     accretion (converted to an accrual rate) of such Tranche for the period
     from and including the Monthly Principal Accrual Date for such Tranche of
     ONEseries Discount Notes in such Monthly Period to but excluding the
     Monthly Principal Accrual Date for such Tranche of ONEseries Discount Notes
     in the following Monthly Period;

          (c) in the case of a Tranche of ONEseries Notes with a Performing
     Derivative Agreement for interest, the rate at which payments by the Issuer
     to the applicable Derivative Counterparty accrue (prior to the netting of
     such payments, if applicable) for the period from and including the Monthly
     Interest Accrual Date for such Tranche of ONEseries Notes in such Monthly
     Period to but excluding the Monthly Interest Accrual Date for such Tranche
     of ONEseries Notes in the following Monthly Period; and

          (d) in the case of a Tranche of ONEseries Notes with a non-Performing
     Derivative Agreement for interest, the rate specified in the related Terms
     Document.

          "Beneficiary" has the meaning specified in the Trust Agreement.

          "Business Day" has the meaning specified in the Indenture.

          "Class" means the Class A Notes, the Class B Notes or the Class C
Notes, as applicable.

          "Class A Note" means a ONEseries Note specified in the applicable
Terms Document as belonging to Class A.

                                       5

<PAGE>

          "Class A Required Subordinated Amount" means, with respect to any
Tranche of Class A Notes on any date, the aggregate Nominal Liquidation Amount
of all Tranches of Class B Notes and/or Class C Notes, as the case may be, as
specified in the applicable Terms Document for such Tranche of Class A Notes,
that is required to be Outstanding and available on any date in each Monthly
Period during which such Tranche of Class A Notes is Outstanding.

          "Class A Unused Subordinated Amount of Class B Notes" means for any
Tranche of Outstanding Class A Notes on any date, an amount equal to the Class A
Required Subordinated Amount of Class B Notes minus the Class A Usage of Class B
Required Subordinated Amount as of such date.

          "Class A Unused Subordinated Amount of Class C Notes" means for any
Tranche of Outstanding Class A Notes on any date, an amount equal to the Class A
Required Subordinated Amount of Class C Notes minus the Class A Usage of Class C
Required Subordinated Amount as of such date.

          "Class A Usage of Class B Required Subordinated Amount" means, with
respect to any Tranche of Outstanding Class A Notes, (x) on the date of issuance
of such Tranche and on each date to but not including the initial First Note
Transfer Date for such Tranche, zero and (y) on each date in the period from and
including the initial First Note Transfer Date for such Tranche to but not
including the second First Note Transfer Date for such Tranche, the sum of the
amounts set forth below and (z) on each date in the period from and including
the second or any subsequent First Note Transfer Date for such Tranche to but
not including the next succeeding First Note Transfer Date, the Class A Usage of
Class B Required Subordinated Amount as of the close of business on the prior
First Note Transfer Date plus the sum of the amounts set forth below (in each
case, such amount shall not exceed the Class A Unused Subordinated Amount of
Class B Notes for such Tranche of Class A Notes after giving effect to the
previous clauses, if any):

          (a) an amount equal to the product of (A) a fraction, the numerator of
which is the Class A Unused Subordinated Amount of Class B Notes for such
Tranche of Class A Notes (as of the close of business on the last day of the
prior Monthly Period) and the denominator of which is the aggregate Nominal
Liquidation Amount of all Tranches of Class B Notes (as of the close of business
on the last day of the prior Monthly Period), times (B) the amount of Investor
Charge-Offs initially allocated to Class B Notes pursuant to subsection 3.06(a)
which did not result in a Class A Usage of Class C Required Subordinated Amount
for such Tranche of Class A Notes on such First Note Transfer Date; plus

          (b) the amount of Investor Charge-Offs initially allocated to such
Tranche of Class A Notes pursuant to subsection 3.06(a) and then reallocated to
Class B Notes pursuant to subsection 3.06(b) on such First Note Transfer Date;
plus

                                       6

<PAGE>

          (c) the amount of ONEseries Available Principal Collections
reallocated on such First Note Transfer Date that will be deposited in the
Interest Funding Sub-Account for such Tranche of Class A Notes pursuant to
subsection 3.09(a) on the applicable Note Transfer Date for such Tranche of
Class A Notes which did not result in a Class A Usage of Class C Required
Subordinated Amount for such Tranche of Class A Notes on such First Note
Transfer Date; plus

          (d) the amount of ONEseries Available Principal Collections
reallocated to pay any amount to the Servicer for such Tranche of Class A Notes
pursuant to subsection 3.09(c) on such First Note Transfer Date which did not
result in a Class A Usage of Class C Required Subordinated Amount for such
Tranche of Class A Notes on such First Note Transfer Date; minus

          (e) an amount (not to exceed the Class A Usage of Class B Required
Subordinated Amount for such Tranche of Class A Notes after giving effect to the
amounts computed pursuant to clauses (a) through (d) above) equal to the sum of
(x) the product of (A) a fraction, the numerator of which is the Class A Usage
of Class B Required Subordinated Amount for such Tranche of Class A Notes (prior
to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of
any Tranche of Class B Notes on such First Note Transfer Date) and the
denominator of which is the aggregate Nominal Liquidation Amount Deficits of all
Tranches of Class B Notes (prior to giving effect to any reimbursement of a
Nominal Liquidation Amount Deficit of any Tranche of Class B Notes on such First
Note Transfer Date), times (B) the aggregate amount of the Nominal Liquidation
Amount Deficits of all Tranches of Class B Notes which are reimbursed pursuant
to subsection 3.07(b) on such First Note Transfer Date, plus (y) if the
aggregate Class A Usage of Class B Required Subordinated Amount for all Tranches
of Class A Notes (prior to giving effect to any reimbursement of a Nominal
Liquidation Amount Deficit of any Tranche of Class B Notes on such First Note
Transfer Date) exceeds the aggregate Nominal Liquidation Amount Deficits of all
Tranches of Class B Notes (prior to giving effect to any reimbursement of a
Nominal Liquidation Amount Deficit of any Tranche of Class B Notes on such First
Note Transfer Date), the product of:

                       (A) a fraction, the numerator of which is the amount of
              such excess and the denominator of which is the aggregate Nominal
              Liquidation Amount Deficits of all Tranches of Class C Notes
              (prior to giving effect to any reimbursement of a Nominal
              Liquidation Amount Deficit of any Tranche of Class C Notes on such
              First Note Transfer Date); times

                       (B) the aggregate amount of the Nominal Liquidation
              Amount Deficits of all Tranches of Class C Notes which are
              reimbursed on such First Note Transfer Date pursuant to subsection
              3.07(c); times

                                       7

<PAGE>

                       (C) a fraction, the numerator of which is the Class A
              Usage of Class B Required Subordinated Amount for such Tranche of
              Class A Notes (prior to giving effect to such reimbursement) and
              the denominator of which is the Class A Usage of Class B Required
              Subordinated Amount for all Tranches of Class A Notes (prior to
              giving effect to such reimbursement).

          "Class A Usage of Class C Required Subordinated Amount" means, with
respect to any Tranche of Outstanding Class A Notes, (x) on the date of issuance
of such Tranche, and on each date to but not including the initial First Note
Transfer Date for such Tranche, zero and (y) on each date in the period from and
including the initial First Note Transfer Date for such Tranche to but not
including the second First Note Transfer Date for such Tranche, the sum of the
amounts set forth below and (z) on each date in the period from and including
the second or any subsequent First Note Transfer Date for such Tranche to but
not including the next succeeding First Note Transfer Date, the Class A Usage of
Class C Required Subordinated Amount as of the close of business on the prior
First Note Transfer Date plus the sum of the amounts set forth below (in each
case, such amount shall not exceed the Class A Unused Subordinated Amount of
Class C Notes for such Tranche of Class A Notes after giving effect to the
previous clauses, if any):

          (a) an amount equal to the product of (A) a fraction, the numerator of
which is the Class A Unused Subordinated Amount of Class C Notes for such
Tranche of Class A Notes (as of the close of business on the last day of the
prior Monthly Period) and the denominator of which is the aggregate Nominal
Liquidation Amount of all Tranches of Class C Notes (as of the close of business
on the last day of the prior Monthly Period), times (B) the amount of Investor
Charge-Offs initially allocated to Class C Notes pursuant to subsection 3.06(a)
on such First Note Transfer Date; plus

          (b) the amount of Investor Charge-Offs initially allocated to such
Tranche of Class A Notes pursuant to subsection 3.06(a) and then reallocated to
Class C Notes pursuant to subsection 3.06(b) on such First Note Transfer Date;
plus

          (c) an amount equal to the product of (A) a fraction, the numerator of
which is the Class A Unused Subordinated Amount of Class B Notes for such
Tranche of Class A Notes (as of the close of business on the last day of the
prior Monthly Period) and the denominator of which is the aggregate Nominal
Liquidation Amount of all Tranches of Class B Notes (as of the close of business
on the last day of the prior Monthly Period), times (B) the amount of Investor
Charge-Offs initially allocated to Class B Notes pursuant to subsection 3.06(a)
on such First Note Transfer Date; plus

                                       8

<PAGE>

          (d) the amount of ONEseries Available Principal Collections
reallocated on such First Note Transfer Date that will be deposited in the
Interest Funding Sub-Account for such Tranche of Class A Notes pursuant to
subsection 3.09(a) on the applicable Note Transfer Date for such Tranche of
Class A Notes; plus

          (e) an amount equal to the product of (A) a fraction, the numerator of
which is the Class A Unused Subordinated Amount of Class B Notes for such
Tranche of Class A Notes (as of the close of business on the last day of the
prior Monthly Period) and the denominator of which is the aggregate Nominal
Liquidation Amount of all Tranches of Class B Notes (as of the close of business
on the last day of the prior Monthly Period), times (B) the amount of ONEseries
Available Principal Collections reallocated on such First Note Transfer Date
that will be deposited in the Interest Funding Sub-Account for any Tranche of
Class B Notes pursuant to subsection 3.09(b) on the applicable Note Transfer
Date for such Tranche of Class B Notes; plus

          (f) the amount of ONEseries Available Principal Collections
reallocated to pay any amount to the Servicer for such Tranche of Class A Notes
pursuant to subsection 3.09(c) on such First Note Transfer Date; plus

          (g) an amount equal to the product of (A) a fraction, the numerator of
which is the Class A Unused Subordinated Amount of Class B Notes for such
Tranche of Class A Notes (as of the close of business on the last day of the
prior Monthly Period) and the denominator of which is the aggregate Nominal
Liquidation Amount of all Tranches of Class B Notes (as of the close of business
on the last day of the prior Monthly Period), times (B) the amount of ONEseries
Available Principal Collections reallocated to pay any amount to the Servicer
for any Tranche of Class B Notes pursuant to subsection 3.09(d) on such First
Note Transfer Date; minus

          (h) an amount for such Tranche of Class A Notes (not to exceed the
Class A Usage of Class C Required Subordinated Amount for such Tranche of Class
A Notes after giving effect to the amounts computed pursuant to clauses (a)
through (g) above) equal to the product of (A) a fraction, the numerator of
which is the Class A Usage of Class C Required Subordinated Amount for such
Tranche of Class A Notes (prior to giving effect to any reimbursement of a
Nominal Liquidation Amount Deficit of any Tranche of Class C Notes on such First
Note Transfer Date) and the denominator of which is the aggregate Nominal
Liquidation Amount Deficits of all Tranches of Class C Notes (prior to giving
effect to any reimbursement of a Nominal Liquidation Amount Deficit of any
Tranche of Class C Notes on such First Note Transfer Date), times (B) the
aggregate Nominal Liquidation Amount Deficits of all Tranches of Class C Notes
which are reimbursed pursuant to subsection 3.07(c) on such First Note Transfer
Date.

          "Class B Allocation Percentage" means, with respect to any Monthly
Period, for the Class B Notes, a fraction, the numerator of which is equal to
the sum of (1) for all Tranches

                                       9

<PAGE>

of Class B Notes in an Amortization Period (exclusive of (x) any Tranche of
Class B Notes which will be paid in full during such Monthly Period and (y) any
Tranche of Class B Notes which will have a Nominal Liquidation Amount of zero
during such Monthly Period), the sum of the Nominal Liquidation Amounts of all
such Tranches of Class B Notes as of the close of business on the last day prior
to the commencement of the most recent Amortization Period for such Tranche of
Class B Notes plus (2) for all other Tranches of Class B Notes, the sum of (a)
the Nominal Liquidation Amount of such Tranche of Class B Notes as of the close
of business on the last day of the immediately preceding Monthly Period, or with
respect to the first Monthly Period for any Tranche of Class B Notes, the
Initial Dollar Principal Amount of such Tranche of Class B Notes plus (b) the
aggregate amount of any increase in the Nominal Liquidation Amount of such
Tranche of Class B Notes due to (x) the issuance of additional Class B Notes of
such Tranche during such Monthly Period or (y) the accretion of principal on
such Tranche of Class B ONEseries Discount Notes during such Monthly Period or
(z) the release of Prefunding Excess Amounts (other than Prefunding Excess
Amounts deposited during such Monthly Period) for such Tranche of Class B Notes
from the applicable Principal Funding Sub-Account, during such Monthly Period
and the denominator of which is the numerator of the ONEseries Principal
Allocation Percentage for such Monthly Period.

          "Class B Note" means a ONEseries Note specified in the applicable
Terms Document as belonging to Class B.

          "Class B Required Subordinated Amount" means, with respect to any
Tranche of Class B Notes on any date, the aggregate Nominal Liquidation Amount
of Class C Notes as specified in the applicable Terms Document for such Tranche
of Class B Notes, that is required to be Outstanding and available on any date
in each Monthly Period during which such Tranche of Class B Notes is
Outstanding.

          "Class B Unused Subordinated Amount of Class C Notes" means for any
Tranche of Outstanding Class B Notes on any date, an amount equal to the Class B
Required Subordinated Amount of Class C Notes minus the Class B Usage of the
Class C Required Subordinated Amount as of such date.

          "Class B Usage of Class C Required Subordinated Amount" means, with
respect to any Tranche of Outstanding Class B Notes, (x) on the date of issuance
of such Tranche and on each date to but not including the initial First Note
Transfer Date for such Tranche, zero and (y) on each date in the period from and
including the initial First Note Transfer Date for such Tranche to but not
including the second First Note Transfer Date for such Tranche, the sum of the
amounts set forth below and (z) on each date in the period from and including
the second or any subsequent First Note Transfer Date for such Tranche to but
not including the next succeeding First Note Transfer Date, the Class B Usage of
Class C Required Subordinated Amount as of the close of business on the prior
First Note Transfer Date plus the sum of the amounts set forth

                                       10

<PAGE>

below (in each case, such amount shall not exceed the Class B Unused
Subordinated Amount of Class C Notes for such Tranche of Class B Notes after
giving effect to the previous clauses, if any):

          (a) an amount equal to the product of (A) a fraction, the numerator of
which is the Class B Unused Subordinated Amount of Class C Notes for such
Tranche of Class B Notes (as of the close of business on the last day of the
prior Monthly Period) and the denominator of which is the aggregate Nominal
Liquidation Amount of all Tranches of Class C Notes (as of the close of business
on the last day of the prior Monthly Period), times (B) the amount of Investor
Charge-Offs initially allocated to the Class C Notes pursuant to subsection
3.06(a) on such First Note Transfer Date; plus

          (b) an amount equal to the product of (A) a fraction, the numerator of
which is the Nominal Liquidation Amount of such Tranche of Class B Notes (as of
the close of business on the last day of the prior Monthly Period) and the
denominator of which is the aggregate Nominal Liquidation Amount of all Tranches
of Class B Notes (as of the close of business on the last day of the prior
Monthly Period), times (B) the sum of (i) the amount of Investor Charge-Offs
initially allocated on such First Note Transfer Date to any Tranche of Class A
Notes that has a Class A Unused Subordinated Amount of Class B Notes that was
included in Class A Usage of Class C Required Subordinated Amount plus (ii) the
amount of Investor Charge-Offs initially allocated on such First Note Transfer
Date to any Tranche of Class A Notes that has a Class A Unused Subordinated
Amount of Class B Notes that was included in Class A Usage of Class B Required
Subordinated Amount; plus

          (c) the amount of Investor Charge-Offs initially allocated to such
Tranche of Class B Notes pursuant to subsection 3.06(a), and then reallocated to
Class C Notes pursuant to subsection 3.06(b) on such First Note Transfer Date;
plus

          (d) an amount equal to the product of (A) a fraction, the numerator of
which is the Nominal Liquidation Amount of such Tranche of Class B Notes (as of
the close of business on the last day of the prior Monthly Period) and the
denominator of which is the aggregate Nominal Liquidation Amount of all Tranches
of Class B Notes (as of the close of business on the last day of the prior
Monthly Period), times (B) the amount of ONEseries Available Principal
Collections reallocated on such First Note Transfer Date that will be deposited
in the Interest Funding Sub-Account for any Tranche of Class A Notes that has a
Class A Unused Subordinated Amount of Class B Notes pursuant to subsection
3.09(a) on the applicable Note Transfer Date for such Tranche of Class A Notes;
plus

          (e) the amount of ONEseries Available Principal Collections
reallocated on such First Note Transfer Date that will be deposited in the
Interest Funding Sub-Account for such

                                       11

<PAGE>

Tranche of Class B Notes pursuant to subsection 3.09(b) on the applicable Note
Transfer Date for such Tranche of Class B Notes; plus

          (f) an amount equal to the product of (A) a fraction, the numerator of
which is the Nominal Liquidation Amount of such Tranche of Class B Notes (as of
the close of business on the last day of the prior Monthly Period) and the
denominator of which is the aggregate Nominal Liquidation Amount of all Tranches
of Class B Notes (as of the close of business on the last day of the prior
Monthly Period), times (B) the amount of ONEseries Available Principal
Collections reallocated to pay any amount to the Servicer for any Tranche of
Class A Notes that has a Class A Unused Subordinated Amount of Class B Notes,
pursuant to subsection 3.09(c) on such First Note Transfer Date; plus

          (g) the amount of ONEseries Available Principal Collections
reallocated to pay any amount to the Servicer for such Tranche of Class B Notes
pursuant to subsection 3.09(d) on such First Note Transfer Date; minus

          (h) an amount for such Tranche of Class B Notes (not to exceed the
Class B Usage of Class C Required Subordinated Amount for such Tranche of Class
B Notes after giving effect to the amounts computed pursuant to clauses (a)
through (g) above) equal to the product of (A) a fraction, the numerator of
which is the Class B Usage of Class C Required Subordinated Amount for such
Tranche of Class B Notes (prior to giving effect to any reimbursement of a
Nominal Liquidation Amount Deficit of any Tranche of Class C Notes on such First
Note Transfer Date) and the denominator of which is the aggregate Nominal
Liquidation Amount Deficits of all Tranches of Class C Notes (prior to giving
effect to any reimbursement of a Nominal Liquidation Amount Deficit of any
Tranche of Class C Notes on such First Note Transfer Date), times (B) the
aggregate Nominal Liquidation Amount Deficits of all Tranches of Class C Notes
which are reimbursed pursuant to subsection 3.07(c) on such First Note Transfer
Date.

          "Class C Allocation Percentage" means, with respect to any Monthly
Period, for the Class C Notes, a fraction, the numerator of which is equal to
the sum of (1) for all Tranches of Class C Notes in an Amortization Period
(exclusive of (x) any Tranche of Class C Notes which will be paid in full during
such Monthly Period and (y) any Tranche of Class C Notes which will have a
Nominal Liquidation Amount of zero during such Monthly Period), the sum of the
Nominal Liquidation Amounts of all such Tranches of Class C Notes as of the
close of business on the last day prior to the commencement of the most recent
Amortization Period for such Tranche of Class C Notes plus (2) for all other
Tranches of Class C Notes, the sum of (a) the Nominal Liquidation Amount of such
Tranche of Class C Notes as of the close of business on the last day of the
immediately preceding Monthly Period, or with respect to the first Monthly
Period for any Tranche of Class C Notes, the Initial Dollar Principal Amount of
such Tranche of Class C Notes plus (b) the aggregate amount of any increase in
the Nominal Liquidation Amount

                                       12

<PAGE>

of such Tranche of Class C Notes due to (x) the issuance of additional Class C
Notes of such Tranche during such Monthly Period or (y) the accretion of
principal on such Tranche of Class C ONEseries Discount Notes during such
Monthly Period and the denominator of which is the numerator of the ONEseries
Principal Allocation Percentage for such Monthly Period.

          "Class C Note" means a ONEseries Note specified in the applicable
Terms Document as belonging to Class C.

          "Class C Reserve Account" means the trust bank account designated as
such and established pursuant to subsection 5.01(a).

          "Closing Date" means May 1, 2002.

          "Collateral" has, with respect to Asset Pool One, the meaning
specified in the Granting Clause of the Asset Pool One Supplement.

          "Collateral Agent" has the meaning specified in the Asset Pool One
Supplement.

          "Collateral Certificate" has the meaning specified in the Indenture.

          "Collection Account" has the meaning specified in the Asset Pool One
Supplement.

          "Controlled Accumulation Amount" means, with respect to any Monthly
Period for any Tranche of ONEseries Notes, the amount defined in the applicable
Terms Document for such Tranche of ONEseries Notes; provided, however, that if
the Accumulation Period Length with respect to such Tranche is determined to be
less than twelve (12) months pursuant to subsection 3.12(b)(ii), the Controlled
Accumulation Amount for such Tranche of ONEseries Notes will be equal to (x) the
Initial Dollar Principal Amount of such Tranche of ONEseries Notes, divided by
(y) the Accumulation Period Length.

          "Default Amount" has the meaning specified in the Transfer and
Servicing Agreement.

          "Derivative Agreement" has the meaning specified in the Indenture.

          "Derivative Counterparty" has the meaning specified in the Indenture
or, with respect to any Class or Tranche of ONEseries Notes, shall be the entity
identified in the applicable Terms Document for such Class or Tranche of
ONEseries Notes.

                                       13

<PAGE>

          "Determination Date" has the meaning specified in the Asset Pool One
Supplement.

          "Discount Notes" has the meaning specified in the Indenture.

          "Dollar" has the meaning specified in the Indenture.

          "Early Amortization Event" means, with respect to a Series, Class or
Tranche of ONEseries Notes, the events specified in Section 4.01 hereof and
Section 11.01 of the Indenture.

          "Event of Default" has the meaning specified in the Indenture.

          "Excess Funding Account" has the meaning specified in the Asset Pool
One Supplement.

          "Excess Funding Amount" has the meaning specified in the Asset Pool
One Supplement.

          "Excess Spread Percentage" means, with respect to the ONEseries, as
determined on each Determination Date, the amount, if any, by which the
Portfolio Yield for the related Monthly Period exceeds the Base Rate for such
Monthly Period.

          "Finance Charge Collections" has the meaning specified in the Transfer
and Servicing Agreement.

          "First Note Transfer Date" has the meaning specified in the Asset Pool
One Supplement.

          "Fitch" has the meaning specified in the Transfer and Servicing
Agreement.

          "Floating Allocation Percentage" means, with respect to the ONEseries
Notes, the ONEseries Floating Allocation Percentage and has, with respect to any
other Series of Asset Pool One Notes, the meaning specified in the applicable
Indenture Supplement for such Series of Asset Pool One Notes.

          "Foreign Currency" has the meaning specified in the Indenture.

          "Holder" has the meaning specified in the Indenture.

                                       14

<PAGE>

          "Indenture" means the Indenture, dated as of May 1, 2002, between the
Issuer and the Indenture Trustee, as the same may be amended, supplemented,
restated or otherwise modified from time to time.

          "Initial Dollar Principal Amount" has the meaning specified in the
Indenture.

          "Interest-bearing Note" has the meaning specified in the Indenture.

          "Interest Funding Account" means the trust bank account designated as
such and established pursuant to subsection 5.01(a).

          "Interest Funding Sub-Account" means each Sub-Account to the Interest
Funding Account established pursuant to subsection 5.01(a).

          "Interest Funding Sub-Account Earnings" means, with respect to any
Monthly Period and any Tranche of ONEseries Notes and the related Interest
Funding Sub-Account, as determined on the related Determination Date, the
investment earnings on funds in such Interest Funding Sub-Account (net of
investment expenses and losses) for the period from and including the Business
Day preceding the Monthly Interest Accrual Date for such Tranche of ONEseries
Notes in such Monthly Period to but excluding the Business Day preceding the
Monthly Interest Accrual Date for such Tranche of ONEseries Notes in the
immediately succeeding Monthly Period.

          "Interest Payment Date" has, with respect to any Class or Tranche of
ONEseries Notes, the meaning specified in the applicable Terms Document for such
Class or Tranche of ONEseries Notes.

          "Invested Amount" has the meaning specified in the Asset Pool One
Supplement.

          "Investor Charge-Off" means, with respect to the First Note Transfer
Date in each Monthly Period, the aggregate amount, if any, by which the
ONEseries Default Amount, if any, for the preceding Monthly Period exceeds the
ONEseries Available Finance Charge Collections for such Monthly Period available
after giving effect to clauses (a) and (b) of Section 3.02.

          "Issuance Proceeds" means, with respect to any Class or Tranche of
ONEseries Notes, the proceeds of the sale of ONEseries Notes with respect to
such Class or Tranche pursuant to the Indenture.

          "Issuer" has the meaning specified in the preamble hereto.

                                       15

<PAGE>

          "Legal Maturity Date" has, with respect to any Class or Tranche of
ONEseries Notes, the meaning specified in the applicable Terms Document for such
Class or Tranche of ONEseries Notes.

          "Master Owner Trust Servicer Default" means a "Servicer Default" as
defined in the Transfer and Servicing Agreement.

          "Master Trust" has the meaning specified in the Indenture.

          "Monthly Interest Accrual Date" means, with respect to any Class or
Tranche of ONEseries Notes:

          (a)     each Interest Payment Date for such Class or Tranche of
ONEseries Notes, and

          (b)     for any Monthly Period in which no Interest Payment Date
occurs for such Class or Tranche of ONEseries Notes, the date in such Monthly
Period corresponding numerically to the next Interest Payment Date for such
Class or Tranche of ONEseries Notes (or, if such Interest Payment Date is later
than it otherwise would be because such Interest Payment Date would have fallen
on a day that is not a Business Day, the date in such Monthly Period
corresponding numerically to the date on which the Interest Payment Date would
have fallen had it been a Business Day for such Class or Tranche of ONEseries
Notes), or as otherwise specified in the applicable Terms Document for such
Class or Tranche of ONEseries Notes; provided, however, that:

            (i)   for the Monthly Period in which a Class or Tranche of
     ONEseries Notes is issued, the date of issuance of such Class or Tranche of
     ONEseries Notes will be the first Monthly Interest Accrual Date for such
     Monthly Period for such Class or Tranche of ONEseries Notes,

            (ii)  any date on which proceeds from a sale of Collateral following
     an Event of Default and acceleration of any Class or Tranche of ONEseries
     Notes are deposited into the Interest Funding Sub-Account for such Class or
     Tranche of ONEseries Notes will be a Monthly Interest Accrual Date for such
     Class or Tranche of ONEseries Notes,

            (iii) if there is no numerically corresponding date in such Monthly
     Period, then the Monthly Interest Accrual Date will be the last Business
     Day of such Monthly Period, and

                                       16

<PAGE>

             (iv) if such numerically corresponding date in such Monthly Period
     is not a Business Day, the Monthly Interest Accrual Date will be the next
     following Business Day (unless such Business Day would fall in the
     following Monthly Period in which case the Monthly Interest Accrual Date
     will be the last Business Day of such earlier Monthly Period).

          "Monthly Period" has the meaning specified in the Indenture.

          "Monthly Principal Accrual Date" means, with respect to any Class or
Tranche of ONEseries Notes:

          (a) for any Monthly Period in which a Scheduled Principal Payment Date
for such Class or Tranche of ONEseries Note occurs, such Scheduled Principal
Payment Date, and

          (b) for any Monthly Period in which no Scheduled Principal Payment
Date occurs for such Class or Tranche of ONEseries Notes, the date in such
Monthly Period corresponding numerically to the Scheduled Principal Payment Date
(or, if the Scheduled Principal Payment Date is later than it otherwise would be
because the Scheduled Principal Payment Date would have fallen on a day that is
not a Business Day, the date in such Monthly Period corresponding numerically to
the date on which the Scheduled Principal Payment Date would have fallen had it
been a Business Day for such Class or Tranche of ONEseries Notes); provided,
however, that:

          (i)   any date on which Prefunding Excess Amounts are released from
     any Principal Funding Account or applicable Principal Funding Sub-Account
     on or after the Scheduled Principal Payment Date for such Class or Tranche
     of ONEseries Notes will be a Monthly Principal Accrual Date for such Class
     or Tranche of ONEseries Notes,

          (ii)  any date on which proceeds from a sale of Collateral following
     an Event of Default and acceleration of any Class or Tranche of ONEseries
     Notes are deposited into the Principal Funding Account or applicable
     Principal Funding Sub-Account for such Class or Tranche of ONEseries Notes
     will be a Monthly Principal Accrual Date for such Class or Tranche of
     ONEseries Notes,

          (iii) if there is no numerically corresponding date in such Monthly
     Period, then the Monthly Principal Accrual Date will be the last Business
     Day of such Monthly Period, and

          (iv)  if such numerically corresponding date in such Monthly Period is
     not a Business Day, the Monthly Principal Accrual Date will be the next
     following Business Day (unless such Business Day would fall in the
     following month in which case the

                                       17

<PAGE>

Monthly Principal Accrual Date will be the last Business Day of such earlier
Monthly Period).

          "Moody's" has the meaning specified in the Transfer and Servicing
Agreement.

          "Note" or "Notes" has the meaning specified in the Indenture.

          "Nominal Liquidation Amount" means, with respect to any Tranche of
ONEseries Notes, the amount calculated pursuant to Section 3.18 of this
Indenture Supplement. The Nominal Liquidation Amount of a Class of ONEseries
Notes will be the sum of the Nominal Liquidation Amounts of all the Tranches of
ONEseries Notes of such Class. The Nominal Liquidation Amount of the ONEseries
will be the sum of the Nominal Liquidation Amounts of all of the Tranches of
ONEseries Notes.

          "Nominal Liquidation Amount Deficit" means, with respect to any
Tranche of ONEseries Notes, the excess of the Adjusted Outstanding Dollar
Principal Amount of that Tranche over the Nominal Liquidation Amount of that
Tranche.

          "Note Rating Agency" has the meaning specified in the Indenture.

          "Note Transfer Date" has the meaning specified in the Asset Pool One
Supplement.

          "Noteholder" has the meaning specified in the Indenture.

          "Noteholder Percentage" means, with respect to the ONEseries, for any
Monthly Period, (a) with respect to Finance Charge Collections, the Default
Amount and the Asset Pool One Servicing Fee, the ONEseries Floating Allocation
Percentage and (b) with respect to Principal Collections, the ONEseries
Principal Allocation Percentage.

          "Officer's Certificate" has the meaning specified in the Indenture.

          "ONEseries Available Finance Charge Collections" has the meaning
specified in Section 3.02.

          "ONEseries Available Principal Collections" has the meaning specified
in Section 3.09.

          "ONEseries Default Amount" means, with respect to any Monthly Period,
an amount equal to the product of (i) the ONEseries Floating Allocation
Percentage and (ii) the Asset Pool One Default Amount for such Monthly Period.

                                       18

<PAGE>

          "ONEseries Discount Note" means a ONEseries Note that provides for an
amount less than the Stated Principal Amount (but not less than the Initial
Dollar Principal Amount) thereof to be due and payable upon the occurrence of an
Early Amortization Event or mandatory redemption or the occurrence of an Event
of Default and the acceleration of such ONEseries Note, in each case before the
Scheduled Principal Payment Date of the applicable ONEseries Note.

          "ONEseries Dollar Note" means a ONEseries Note denominated in Dollars.

          "ONEseries Floating Allocation Percentage" means, with respect to any
Monthly Period, for the ONEseries Notes, a fraction, the numerator of which is
the sum of the Nominal Liquidation Amounts of all Classes or Tranches of
ONEseries Notes as of the last day of the preceding Monthly Period (exclusive of
(x) any Class or Tranche of ONEseries Notes which will be paid in full during
such Monthly Period and (y) any Class or Tranche of ONEseries Notes which will
have a Nominal Liquidation Amount of zero during such Monthly Period), or with
respect to the first Monthly Period for any Class or Tranche of ONEseries Notes,
the Initial Dollar Principal Amount of such Class or Tranche plus the aggregate
amount of any increase in the Nominal Liquidation Amount of any Class or Tranche
of ONEseries Notes due to (x) the issuance of additional Notes of such Class or
Tranche of ONEseries Notes during such Monthly Period or (y) the accretion of
principal on such Class or Tranche of ONEseries Discount Notes during such
Monthly Period or (z) the release of Prefunding Excess Amounts (other than
amounts that were deposited into the applicable Principal Funding Sub-Account
for such Class or Tranche of ONEseries Notes during such Monthly Period) for
such Class or Tranche of ONEseries Notes from the applicable Principal Funding
Sub-Account and the denominator of which is equal to the greater of (a) the sum
of (1) for each Asset Pool One Collateral Certificate, the numerator used to
calculate the floating allocation percentage for that Collateral Certificate for
the related Monthly Period, plus (2) the Asset Pool One Average Principal
Balance for such Monthly Period plus (3) the Excess Funding Amount for Asset
Pool One following any deposit or withdrawal on the First Note Transfer Date in
such Monthly Period and (b) the sum of the numerators used to calculate the
Noteholder Percentages for the allocation of Asset Pool One Finance Charge
Collections, the Asset Pool One Default Amount or the Asset Pool One Servicing
Fee, as applicable, for all Series of Asset Pool One Notes for such Monthly
Period.

          "ONEseries Foreign Currency Note" means a ONEseries Note denominated
in a Foreign Currency.

          "ONEseries Noteholders" shall mean the Holders of the ONEseries Notes.

          "ONEseries Notes" means the Series of Notes (as defined in the
Indenture) issued pursuant to the Indenture, the principal terms of which are
set forth in this Indenture Supplement.

                                       19

<PAGE>

          "ONEseries Principal Allocation Percentage" means, with respect to any
Monthly Period, for the ONEseries Notes, a fraction, the numerator of which is
equal to the sum of (1) for all Classes or Tranches of ONEseries Notes in an
Amortization Period (exclusive of (x) any Class or Tranche of ONEseries Notes
which will be paid in full during such Monthly Period and (y) any Class or
Tranche of ONEseries Notes which will have a Nominal Liquidation Amount of zero
during such Monthly Period), the sum of the Nominal Liquidation Amounts of all
such Classes or Tranches of ONEseries Notes as of the close of business on the
day prior to the commencement of the most recent Amortization Period for such
Class or Tranche of the ONEseries plus (2) for all other Classes or Tranches of
ONEseries Notes Outstanding the sum of (a) the Nominal Liquidation Amount of
such Classes or Tranches of ONEseries Notes, as of the close of business on the
last day of the immediately preceding Monthly Period, or with respect to the
first Monthly Period for any Class or Tranche of ONEseries Notes, the Initial
Dollar Principal Amount of such Class or Tranche plus (b) the aggregate amount
of any increase in the Nominal Liquidation Amount of such Class or Tranche of
ONEseries Notes due to (x) the issuance of additional Notes of such Class or
Tranche of ONEseries Notes during such Monthly Period or (y) the accretion of
principal on such Class or Tranche of ONEseries Discount Notes during such
Monthly Period or (z) the release of Prefunding Excess Amounts (other than
amounts that were deposited into the applicable Principal Funding Sub-Account
for such Class or Tranche of ONEseries Notes during such Monthly Period) for
such Class or Tranche of ONEseries Notes from the Principal Funding Account or
applicable Principal Funding Sub-Account and the denominator of which is equal
to the greater of (a) the sum of (1) for each Asset Pool One Collateral
Certificate, the numerator used to calculate the principal allocation percentage
for that Collateral Certificate for the related Monthly Period, plus (2) the
Asset Pool One Average Principal Balance for such Monthly Period plus (3) the
Excess Funding Amount for Asset Pool One following any deposit or withdrawal on
the First Note Transfer Date in such Monthly Period and (b) the sum of the
numerators used to calculate the Noteholder Percentages for the allocation of
Asset Pool One Principal Collections for all Series of Asset Pool One Notes for
such Monthly Period.

          "ONEseries Servicing Fee" means, with respect to any Monthly Period,
the product of (i) the Asset Pool One Servicing Fee for such Monthly Period and
(ii) the ONEseries Floating Allocation Percentage for such Monthly Period.

          "ONEseries Servicing Fee Percentage" means, with respect to any
Monthly Period, the annualized percentage equivalent of a fraction, the
numerator of which is the ONEseries Servicing Fee for such Monthly Period and
the denominator of which is the Nominal Liquidation Amount used in the
calculation of the ONEseries Floating Allocation Percentage for such Monthly
Period.

          "Outstanding" has the meaning specified in the Indenture.

                                       20

<PAGE>

          "Outstanding Dollar Principal Amount" has the meaning specified in the
Indenture.

          "Paying Agent" has the meaning specified in the Indenture.

          "Performing" has the meaning specified in the Indenture.

          "Permitted Investments" has the meaning specified in the Indenture.

          "Person" has the meaning specified in the Indenture.

          "Pooling and Servicing Agreement" has the meaning specified in the
Indenture.

          "Portfolio Yield" means, for any Monthly Period, the annualized
percentage equivalent of a fraction:

     (1)  the numerator of which is equal to the sum of:

          (a) Asset Pool One Finance Charge Collections allocated to the
ONEseries and Dollar payments received under Derivative Agreements in respect of
ONEseries Notes for interest with respect to such Monthly Period; plus

          (b) the investment earnings on amounts on deposit in the Collection
Account and the Excess Funding Account allocated to the ONEseries for such
Monthly Period; plus

          (c) the aggregate amount of Interest Funding Sub-Account Earnings for
all Tranches of ONEseries Notes for such Monthly Period; plus

          (d) any amounts to be treated as ONEseries Available Finance
Charge Collections remaining in any Interest Funding Sub-Account after a sale of
Collateral during such Monthly Period as described in subsection 3.05(c)(ii),
subsection 3.22(c)(ii) and subsection 3.22(d); minus

          (e) the aggregate of (i) the excess, if any, of the sum of the
Principal Funding Sub-Account Earnings Shortfalls for all Tranches of ONEseries
Notes for such Monthly Period over (ii) the Segregated ONEseries Finance Charge
Collections for the ONEseries Notes for such Monthly Period available to cover
such shortfalls pursuant to subsection 3.05(a) and Section 3.30; minus

          (f) the ONEseries Default Amount for such Monthly Period; and

                                       21

<PAGE>

     (2)  the denominator of which is the numerator used in the calculation
of the ONEseries Floating Allocation Percentage for such Monthly Period.

          "Prefunding Excess Amount" means, with respect to any Tranche of a
Senior Class of ONEseries Notes for any date, after giving effect to all
issuances, allocations, deposits and payments with respect to that date, the
aggregate amount on deposit in the Principal Funding Sub-Account of such Tranche
of ONEseries Notes that is in excess of the aggregate amount targeted to be on
deposit in such Principal Funding Sub-Account pursuant to Section 3.12.

          "Prefunding Target Amount" means, with respect to the Class A Notes
and the Class B Notes, the amount calculated pursuant to Section 3.23.

          "Principal Collections" has the meaning specified in the Transfer and
Servicing Agreement.

          "Principal Funding Account" means the trust bank account designated as
such and established pursuant to subsection 5.01(a).

          "Principal Funding Sub-Account" means, each Sub-Account to the
Principal Funding Account established pursuant to subsection 5.01(a).

          "Principal Funding Sub-Account Earnings" means, with respect to any
Monthly Period and any Tranche of ONEseries Notes and the applicable Principal
Funding Sub-Account, as determined on the related Determination Date, the
investment earnings on funds in such Principal Funding Sub-Account (net of
investment expenses and losses), for the applicable Principal Funding
Sub-Account Earnings Accrual Period.

          "Principal Funding Sub-Account Earnings Accrual Period" means, with
respect to any Monthly Period and any Tranche of ONEseries Notes, beginning with
the date the balance in the applicable Principal Funding Sub-Account for such
Tranche of ONEseries Notes exceeds zero and continuing for so long as there is a
positive balance in the applicable Principal Funding Sub-Account for such
Tranche of ONEseries Notes:

          (a) in the case of (i) a Tranche of ONEseries Dollar Interest-bearing
Notes with no Derivative Agreement, (ii) a Tranche of ONEseries Notes with a
Performing Derivative Agreement for interest or (iii) a Tranche of ONEseries
Notes with a non-Performing Derivative Agreement for interest, the period from
and including the Business Day preceding the Monthly Interest Accrual Date for
such Tranche of ONEseries Notes in such Monthly Period to but excluding the
Business Day preceding the Monthly Interest Accrual Date for such Tranche of
ONEseries Notes in the immediately succeeding Monthly Period; and

                                       22

<PAGE>

          (b) in the case of a Tranche of ONEseries Discount Notes, the period
from and including the Business Day preceding the Monthly Principal Accrual Date
for such Tranche of ONEseries Notes in such Monthly Period to but excluding the
Business Day preceding the Monthly Principal Accrual Date for such Tranche of
ONEseries Notes in the immediately succeeding Monthly Period.

          "Principal Funding Sub-Account Earnings Shortfall" means, with respect
to any Monthly Period and any Tranche of ONEseries Notes and the applicable
Principal Funding Sub-Account, as determined on the related Determination Date,
(a) the Principal Funding Sub-Account Earnings Target for such Tranche of
ONEseries Notes for such Monthly Period, minus (b) the Principal Funding
Sub-Account Earnings for such Monthly Period; provided, however, in no event
shall the Principal Funding Sub-Account Earnings Shortfall be less than zero;
provided, further, that the Principal Funding Sub-Account Earnings Shortfall for
the first Principal Funding Sub-Account Earnings Accrual Period for any Tranche
of ONEseries Notes, with respect to such Monthly Period, shall be zero.

          "Principal Funding Sub-Account Earnings Target" means, with respect to
any Monthly Period and any Tranche of ONEseries Notes and the applicable
Principal Funding Sub-Account as determined on the related Determination Date,
the Dollar amount of interest that would have accrued on funds in such Principal
Funding Sub-Account for the applicable Principal Funding Sub-Account Earnings
Accrual Period for such Tranche of ONEseries Notes if it had borne interest at
the following rates:

          (a) in the case of a Tranche of ONEseries Dollar Interest-bearing
Notes with no Derivative Agreement for interest, at the rate of interest
applicable to that Tranche for the applicable Principal Funding Sub-Account
Earnings Accrual Period;

          (b) in the case of a Tranche of ONEseries Discount Notes, at the rate
of accretion (converted to an accrual rate) of that Tranche for the applicable
Principal Funding Sub-Account Earnings Accrual Period;

          (c) in the case of a Tranche of ONEseries Notes with a Performing
Derivative Agreement for interest, at the rate at which payments by the Issuer
to the applicable Derivative Counterparty accrue (prior to the netting of such
payments, if applicable) for the applicable Principal Funding Sub-Account
Earnings Accrual Period; and

          (d) in the case of a Tranche of ONEseries Notes with a non-Performing
Derivative Agreement for interest, at the rate specified in the related Terms
Document for the applicable Principal Funding Sub-Account Earnings Accrual
Period.

                                       23

<PAGE>

More than one of the aforementioned rates of interest may be applicable to
amounts on deposit in a Principal Funding Sub-Account for a Tranche of ONEseries
Notes.

              "Principal Payment Date" has the meaning specified in the
Indenture.

              "Qualified Bank Account" has the meaning specified in the
Indenture.

              "Qualified Institution" has the meaning specified in the
Indenture.

              "Ratings Effect" has the meaning specified in the Indenture.

              "Receivables" has the meaning specified in the Transfer and
Servicing Agreement.

              "Remaining Series Available Principal Collections Shortfall"
means, with respect to any Monthly Period as determined on the related
Determination Date, (1) with respect to the ONEseries, the excess, if any, of
(x) the Series Available Principal Collections Shortfall, for such Monthly
Period, over (y) the Shared Excess Available Principal Collections from other
Series of Asset Pool One Notes allocated to the ONEseries pursuant to Section
3.28 for such Monthly Period and (2) with respect to any other Series of Asset
Pool One Notes , the amount set forth in the applicable Indenture Supplement for
such Monthly Period.

              "Required Excess Spread Percentage" means 0%; provided, however,
that the Issuer may, from time to time, change such percentage (which will never
be less than zero) (i) upon written notice to the Indenture Trustee, (ii) upon
prior written confirmation from the Note Rating Agencies that a Ratings Effect
will not occur with respect to such change and (iii) provided the Issuer
reasonably believes, as evidenced by an Officer's Certificate delivered to the
Indenture Trustee, that such change will not have an Adverse Effect.

              "Required Subordinated Amount" means, with respect to any Tranche
of a Senior Class of ONEseries Notes, the aggregate Nominal Liquidation Amount
of a Subordinated Class of ONEseries Notes, as specified in the applicable Terms
Document for such Tranche of the Senior Class, that is required to be
Outstanding and available on any date in each Monthly Period during which the
Senior Class is Outstanding.

              "Revolving Period" means, with respect to any Class or Tranche of
ONEseries Notes, each Monthly Period that is not part of the Amortization Period
for that Class or Tranche of ONEseries Notes.

              "Sales Proceeds" means, with respect to any Class or Tranche of
ONEseries Notes, the proceeds of the sale of Collateral with respect to such
Class or Tranche of ONEseries Notes pursuant to Section 3.22.

                                       24

<PAGE>

              "Scheduled Principal Payment Date" has, with respect to any Class
or Tranche of ONEseries Notes, the meaning specified in the applicable Terms
Document for such Class or Tranche of ONEseries Notes.

              "Segregated ONEseries Finance Charge Collections" means, with
respect to any Monthly Period for any Tranche of ONEseries Notes with a
Principal Funding Sub-Account Earnings Shortfall greater than zero for such
Monthly Period, the product of (A) the Transferor Finance Charge Collections for
such Monthly Period and (B) the percentage equivalent of a fraction (i) the
numerator of which is the amount of funds in the Principal Funding Sub-Account
for such Tranche of ONEseries Notes at the close of business on the last day of
such Monthly Period and (ii) the denominator of which is equal to the greater of
(a) the aggregate amount of funds in the Principal Funding Sub-Account for all
Tranches of ONEseries Notes with a Principal Funding Sub-Account Earnings
Shortfall greater than zero for such Monthly Period at the close of business on
the last day of such Monthly Period and (b) the denominator used in calculating
the ONEseries Floating Allocation Percentage for such Monthly Period minus the
sum of the numerators used in calculating the Noteholder Percentages for the
allocation of Asset Pool One Finance Charge Collections for all Series of Asset
Pool One Notes for such Monthly Period.

              "Senior Class" means (a) with respect to the Class B Notes, the
Class A Notes, and (b) with respect to the Class C Notes, the Class A Notes
and/or Class B Notes.

              "Series" has the meaning specified in the Indenture and, when used
with respect to the Series of Notes issued pursuant to this Indenture
Supplement, means the ONEseries.

              "Series Available Finance Charge Collections Shortfall" means,
with respect to any Monthly Period as determined on the related Determination
Date, (1) with respect to the ONEseries, the excess, if any, of (a) the
aggregate amount targeted to be paid or applied pursuant to subsections 3.02(a)
through (f) over (b) the ONEseries Available Finance Charge Collections
(excluding any amounts to be treated as ONEseries Available Finance Charge
Collections pursuant to Section 3.27) with respect to such Monthly Period and
(2) with respect to any other Series, the amount set forth in the applicable
Indenture Supplement for such Monthly Period; provided, however, that the
Issuer, when authorized by an Officer's Certificate, may amend or otherwise
modify this definition of Series Available Finance Charge Collections Shortfall
provided the Note Rating Agencies confirm in writing that the amendment or
modification will not cause a Ratings Effect with respect to any Outstanding
ONEseries Notes.

              "Series Available Principal Collections Shortfall" means, with
respect to any Monthly Period as determined on the related Determination Date,
(1) with respect to the ONEseries, the excess, if any, of (a) the aggregate
amount targeted to be paid or applied pursuant to subsection 3.09(e) over (b)
the ONEseries Available Principal Collections (excluding any

                                       25

<PAGE>

amounts to be treated as ONEseries Available Principal Collections pursuant to
Section 3.28 and any amounts to be applied in accordance with Section 3.29) with
respect to such Monthly Period remaining after application pursuant to
subsection 3.09(a) through (d) and (2) with respect to any other Series of Asset
Pool One Notes, the amount set forth in the applicable Indenture Supple ment for
such Monthly Period; provided, however, that the Issuer, when authorized by an
Officer's Certificate, may amend or otherwise modify this definition of Series
Available Principal Collections Shortfall provided the Note Rating Agencies
confirm in writing that the amendment or modification will not cause a Ratings
Effect with respect to any Outstanding ONEseries Notes.

              "Servicer" has the meaning specified in the Transfer and Servicing
Agreement.

              "Shared Excess Available Finance Charge Collections" means, with
respect to any Monthly Period as determined on the related Determination Date,
with respect to any Series of Notes in Shared Excess Available Finance Charge
Collections Group A, the sum of (i) the amount of ONEseries Available Finance
Charge Collections with respect to such Monthly Period, available after
application in accordance with subsections 3.02(a) through (f) and (ii) the
Finance Charge Collections remaining after all required payments and deposits
from all other Series identified as belonging to Shared Excess Available Finance
Charge Collections Group A which the applicable Indenture Supplements for such
Series specify are to be treated as "Shared Excess Available Finance Charge
Collections."

              "Shared Excess Available Finance Charge Collections Group" has the
meaning specified in the Indenture.

              "Shared Excess Available Finance Charge Collections Group A" means
the Shared Excess Available Finance Charge Collections Group to which the
ONEseries has been designated for inclusion under subsection 3.27(a).

              "Shared Excess Available Finance Charge Collections Series" has
the meaning specified in the Indenture.

              "Shared Excess Available Principal Collections" means, with
respect to any Monthly Period as determined on the related Determination Date,
the sum of (i) with respect to the ONEseries, the amount of ONEseries Available
Principal Collections (excluding any amounts to be treated as ONEseries
Available Principal Collections pursuant to Section 3.28 and any amounts applied
pursuant to Section 3.29) for such Monthly Period available after application in
accordance with subsections 3.09(a) through (e), (ii) with respect to any other
Series of Asset Pool One Notes, the Asset Pool One Principal Collections
allocated to other Series of Notes in Asset Pool One remaining after all
required payments and deposits, which the applicable Indenture Supplements for
such Series specify are to be treated as "Shared Excess Available

                                       26

<PAGE>

Principal Collections" and (iii) the Excess Funding Amount for Asset Pool One
(following any deposit or withdrawal made during such Monthly Period).

              "Spot Exchange Rate" has the meaning specified in the related
Terms Document.

              "Standard & Poor's" has the meaning specified in the Transfer and
Servicing Agreement.

              "Stated Principal Amount" has, with respect to any Class or
Tranche of ONEseries Notes, the meaning specified in the related Terms Document
for such Class or Tranche.

              "Sub-Account" has the meaning specified in the Indenture or the
Asset Pool One Supplement.

              "Subordinated Class" means (a) with respect to the Class A Notes,
the Class B Notes and/or Class C Notes and (b) with respect to the Class B
Notes, the Class C Notes.

              "Supplemental Bank Account" has the meaning specified in the
Indenture.

              "Targeted Interest Deposit Amount" means, with respect to the
ONEseries Notes for any Note Transfer Date, the aggregate amount targeted to be
deposited in the Interest Funding Account pursuant to Section 3.03 for such Note
Transfer Date.

              "Targeted Principal Deposit Amount" means, with respect to the
ONEseries Notes for any Note Transfer Date, the aggregate amount targeted to be
deposited in the Principal Funding Account pursuant to Section 3.12 for such
Note Transfer Date.

              "Terms Document" has the meaning specified in the Indenture.

              "Tranche" has the meaning specified in the Indenture.

              "Transfer and Servicing Agreement" means the Transfer and
Servicing Agreement, dated as of May 1, 2002, among First USA Bank, National
Association, as transferor, servicer and administrator, the Issuer, and Wells
Fargo Bank Minnesota, National Association, as Indenture Trustee and Collateral
Agent, as amended, supplemented or otherwise modified from time to time.

              "Transfer Restriction Event" has the meaning specified in the
Transfer and Servicing Agreement.

              "Transferor" has the meaning specified in the Transfer and
Servicing Agreement.

                                       27

<PAGE>

              "Transferor Finance Charge Collections" means, with respect to any
Monthly Period, the product of (x) the Asset Pool One Transferor Percentage and
(y) the sum of (i) the Asset Pool One Finance Charge Collections for such
Monthly Period and (ii) the investment earnings for such Monthly Period on
amounts on deposit in the Collection Account and the Excess Funding Account
established for the benefit of all Asset Pool One Notes.

              "Trust Agreement" has the meaning specified in the Transfer and
Servicing Agreement.

              Section 1.2 Governing Law. THIS INDENTURE SUPPLEMENT WILL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE
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 1.3 Counterparts. This Indenture Supplement may be
executed in any number of counterparts, each of which so executed will be deemed
to be an original, but all such counterparts will together constitute but one
and the same instrument.

              Section 1.4 Ratification of Indenture. As supplemented by this
Indenture Supplement, the Indenture is in all respects ratified and confirmed
and the Indenture as so supplemented by this Indenture Supplement shall be read,
taken and construed as one and the same instrument.

                               [END OF ARTICLE I]

                                       28

<PAGE>

                                   ARTICLE II

                               The ONEseries Notes

              Section 2.01 Creation and Designation.

              (a) There is hereby created a Series of Notes to be issued
pursuant to the Indenture and this Indenture Supplement to be known as "Bank One
Issuance Trust, ONEseries" or the "ONEseries." The ONEseries is a multi-tranche
Series that will be issued in three Classes, the first of which shall be known
as the "ONEseries Class A Notes," which notes shall belong to Class A; the
second of which shall be known as the "ONEseries Class B Notes," which notes
shall belong to Class B; and the third of which shall be known as the "ONEseries
Class C Notes," which notes shall belong to Class C. Each Class of ONEseries
Notes may consist of one or more Tranches.

              (b) The ONEseries Notes shall be secured by the Collateral in
Asset Pool One. The ONEseries shall be a Shared Excess Available Finance Charge
Collections Series and shall be included in Shared Excess Available Finance
Charge Collections Group A. The ONEseries shall not be in any other Group (as
defined in the Indenture). The ONEseries shall not be subordinated to any other
Series of Notes secured by Asset Pool One.

              (c) Notwithstanding the allocation provisions of the Indenture,
the Asset Pool One Supplement, each additional Asset Pool Supplement, this
Indenture Supplement and the indenture supplements for each other Series of
Notes, if any, to the extent that the ONEseries Noteholders are deemed to have
any interest in any assets of the Issuer allocated to other Notes, the ONEseries
Noteholders shall agree by acceptance of their ONEseries Notes that their
interest in those assets is subordinate to claims or rights of such other
Noteholders to those other assets. Further, the ONEseries Noteholders shall
agree by acceptance of their ONEseries Notes that such agreement constitutes a
subordination agreement for purposes of Section 510(a) of the Bankruptcy Code.

              Section 2.02 New Issuances of ONEseries Notes. The Issuer may
issue new Tranches of ONEseries Notes (including additional ONEseries Notes of
an Outstanding Tranche), so long as the following conditions precedent are
satisfied:

                  (i)  on or before the date that the new issuance is to occur,
      the Issuer will have delivered to the Indenture Trustee and each Note
      Rating Agency a Terms Document relating to the applicable Tranche of
      ONEseries Notes;

                  (ii) if the issuance of ONEseries Notes results in an increase
      in the targeted deposit amount for any Class C Reserve Sub-Account for any
      Tranche of Class C

                                       29

<PAGE>

         Notes, on such issuance date the Issuer will have funded such increase
         with a cash deposit to the Class C Reserve Sub-Account for such Tranche
         of Class C Notes;

                      (iii) the conditions specified in Section 3.10 of the
       Indenture and Section 2.03 of this Indenture Supplement, as applicable,
       are satisfied; and

                      (iv)  any other conditions specified in the related Terms
       Document.

                  Section 2.03 Required Subordinated Amount Conditions to
Issuance of a Tranche of a Senior Class of ONEseries Notes.

                  (a) Class A Required Subordinated Amount of Class B Notes. On
the issuance date of a Tranche of Class A Notes, immediately after giving effect
to such issuance, the available subordinated amount of Class B Notes for such
Tranche of Class A Notes must be at least equal to the Class A Required
Subordinated Amount of Class B Notes for such Tranche of Class A Notes. For
purposes of this Section 2.03, the available subordinated amount of Class B
Notes for such Tranche of Class A Notes as of any date means:

                      (i)   the aggregate Nominal Liquidation Amount of all
       Outstanding Tranches of Class B Notes on that date, after giving effect
       to any issuances, deposits, allocations, reallocations or payments to be
       made on that date; plus

                      (ii)  the aggregate amount of all Class A Usage of Class B
       Required Subordinated Amount by any Outstanding Tranche of Class A Notes
       on that date, after giving effect to any issuances, deposits,
       allocations, reallocations or payments to be made on that date; minus

                      (iii) the aggregate amount of the Class A Required
       Subordinated Amount of Class B Notes for all other Tranches of
       Outstanding Class A Notes on that date, after giving effect to any
       issuances, deposits, allocations, reallocations or payments with respect
       to Class A Notes to be made on that date.

                  (b) Class A Required Subordinated Amount of Class C Notes. On
the issuance date of a Tranche of Class A Notes, immediately after giving effect
to such issuance, the available subordinated amount of Class C Notes for such
Tranche of Class A Notes must be at least equal to the Class A Required
Subordinated Amount of Class C Notes for such Tranche of Class A Notes. For
purposes of this Section 2.03, the available subordinated amount of Class C
Notes for such Tranche of Class A Notes as of any date means:

                                       30

<PAGE>

                      (i)   the aggregate Nominal Liquidation Amount of all
       Outstanding Tranches of Class C Notes on that date, after giving effect
       to any issuances, deposits, allocations, reallocations or payments to be
       made on that date; plus

                      (ii)  the aggregate amount of all Class A Usage of Class C
       Required Subordinated Amount by any Outstanding Tranche of Class A Notes
       on that date, after giving effect to any issuances, deposits,
       allocations, reallocations or payments to be made on that date; minus

                      (iii) the aggregate amount of Class A Required
       Subordinated Amount of Class C Notes for all other Tranches of
       Outstanding Class A Notes on that date, after giving effect to any
       issuances, deposits, allocations, reallocations or payments to be made on
       that date.

              (c)     Class B Required Subordinated Amount of Class C Notes. On
the issuance date of a Tranche of Class B Notes, immediately after giving effect
to such issuance, the available subordinated amount of Class C Notes for such
Tranche of Class B Notes must be at least equal to the Class B Required
Subordinated Amount of Class C Notes for such Tranche of Class B Notes. For
purposes of this Section 2.03, the available subordinated amount of Class C
Notes for such Tranche of Class B Notes as of any date means:

                      (i)   the aggregate Nominal Liquidation Amount of all
       Outstanding Tranches of Class C Notes on that date, after giving effect
       to any issuances, deposits, allocations, reallocations or payments to be
       made on that date; plus

                      (ii)  the sum of (x) the aggregate amount of all Class B
       Usage of Class C Required Subordinated Amount by any Outstanding Tranche
       of Class B Notes on that date and (y) the aggregate amount of Class A
       Usage of Class C Required Subordinated Amount by any Outstanding Tranche
       of Class A Notes with a Class A Required Subordinated Amount of Class B
       Notes equal to zero, after giving effect to any issuances, deposits,
       allocations, reallocations or payments to be made on that date; minus

                      (iii) the sum of (x) the aggregate amount of Class B
       Required Subordinated Amount of Class C Notes for all other Tranches of
       Outstanding Class B Notes on that date and (y) the aggregate amount of
       Class A Required Subordinated Amount of Class C Notes for all Outstanding
       Tranches of Class A Notes with a Class A Required Subordinated Amount of
       Class B Notes equal to zero, after giving effect to any issuances,
       deposits, allocations, reallocations or payments to be made on that date.

              (d)     Alteration of the Required Subordinated Amount. The Issuer
shall be permitted to change the Required Subordinated Amount for any Tranche of
ONEseries Notes, or

                                       31

<PAGE>

the method of computing the Required Subordinated Amount at any time without the
consent of Noteholders provided the conditions specified in Section 3.11 of the
Indenture are satisfied.

                               [END OF ARTICLE II]

                                       32

<PAGE>

                                   ARTICLE III

                       Allocations, Deposits and Payments

              Section 3.01 Allocations of Asset Pool One Finance Charge
Collections and the Asset Pool One Default Amount to the ONEseries Notes.

              (a) With respect to each Monthly Period, the Collateral Agent, at
the written direction of the Servicer, shall allocate to the ONEseries Notes or
any Class or Tranche of ONEseries Notes an amount equal to the product of (i)
the ONEseries Floating Allocation Percentage and (ii) the sum of the Asset Pool
One Finance Charge Collections for such Monthly Period and the investment
earnings for such Monthly Period on amounts on deposit in the Collection Account
and the Excess Funding Account established for the benefit of all Asset Pool One
Notes.

              (b) With respect to each Monthly Period, the Collateral Agent, at
the written direction of the Servicer, shall allocate to the ONEseries Notes an
amount equal to the ONEseries Default Amount for such Monthly Period.

              (c) With respect to each Monthly Period, the Collateral Agent, at
the written direction of the Servicer, shall allocate to the ONEseries Notes an
amount equal to the ONEseries Servicing Fee for such Monthly Period.

              Section 3.02 Allocations of ONEseries Available Finance Charge
Collections. With respect to each Monthly Period, the Indenture Trustee, at the
written direction of the Servicer, will apply an amount equal to the sum of (i)
Asset Pool One Finance Charge Collections allocated to the ONEseries pursuant to
subsection 3.01(a), (ii) any amounts to be treated as ONEseries Available
Finance Charge Collections pursuant to subsections 3.05(a) and 3.22(d), (iii)
any Shared Excess Available Finance Charge Collections from other Series in
Shared Excess Available Finance Charge Collections Group A allocated to the
ONEseries pursuant to Section 3.27 and (iv) any amounts to be treated as
ONEseries Available Finance Charge Collections pursuant to any Terms Document
(such amounts, the "ONEseries Available Finance Charge Collections") as follows:

              (a) first, on the applicable Note Transfer Date for each Tranche
of ONEseries Notes, to make the targeted deposits to the Interest Funding
Account pursuant to Section 3.03;

              (b) second, on the First Note Transfer Date, to pay to the
Servicer the ONEseries Servicing Fee plus any previously due and unpaid
ONEseries Servicing Fee;

                                       33

<PAGE>

              (c) third, on the First Note Transfer Date, to be treated as
ONEseries Available Principal Collections for application in accordance with
Section 3.09 in an amount equal to the ONEseries Default Amount for the related
Monthly Period;

              (d) fourth, on the First Note Transfer Date, to be treated as
ONEseries Available Principal Collections pursuant to Section 3.07 for
application in accordance with Section 3.09 in an amount equal to the aggregate
Nominal Liquidation Amount Deficit, if any, of the ONEseries Notes;

              (e) fifth, on the applicable Note Transfer Date for each Tranche
of Class C Notes, to make the targeted deposit to the Class C Reserve Account,
if any, pursuant to Section 3.24;

              (f) sixth, on the applicable Note Transfer Date for each Tranche
of ONEseries Notes, to make any other payments or deposits required by the Terms
Documents of any Class or Tranche of ONEseries Notes;

              (g) seventh, on the First Note Transfer Date, to be treated as
Shared Excess Available Finance Charge Collections for application in accordance
with Section 3.27; and

              (h) eighth, on the First Note Transfer Date, to the applicable
Transferor.

              Section 3.03 Targeted Deposits to the Interest Funding Account.
The deposit targeted pursuant to subsection 3.02(a) with respect to any Monthly
Period to be deposited to the Interest Funding Account on the applicable Note
Transfer Date in the following Monthly Period for each Tranche of ONEseries
Notes shall equal the sum of the following amounts. A single Tranche of
ONEseries Notes may be entitled to more than one of the following targeted
deposits. The targeted deposit with respect to any Monthly Period shall also
include any shortfall in the targeted deposit with respect to any prior Monthly
Period which has not been previously deposited.

              (a) Interest Payments. The deposit targeted for any Tranche of
Outstanding Interest-bearing Notes with respect to any Monthly Period to be
deposited on the applicable Note Transfer Date will be equal to the amount of
interest accrued on the Outstanding Dollar Principal Amount of that Tranche of
ONEseries Notes during the period from and including the Monthly Interest
Accrual Date in such Monthly Period (or, in the case of the first Monthly
Interest Accrual Date with respect to that Tranche of ONEseries Notes, from and
including the date of issuance of that Tranche of ONEseries Notes) to but
excluding the Monthly Interest Accrual Date in the following Monthly Period.

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<PAGE>

              (b) Amounts Owed to Derivative Counterparties. If a Tranche of
Outstanding ONEseries Dollar Notes or ONEseries Foreign Currency Notes that has
a Performing or non-Performing Derivative Agreement for interest provides for a
payment to the applicable Derivative Counterparty, the deposit targeted for that
Tranche of ONEseries Notes with respect to such Monthly Period to be deposited
on the applicable Note Transfer Date with respect to any payment to the
Derivative Counterparty will be specified in the applicable Terms Document for
such Tranche of ONEseries Notes.

              (c) ONEseries Discount Notes. The deposit targeted for a Tranche
of Outstanding ONEseries Discount Notes for such Monthly Period will be equal to
the amount of accretion of principal of that Tranche of ONEseries Notes from and
including the Monthly Principal Accrual Date in such Monthly Period (or in the
case of the first Monthly Principal Accrual Date with respect to that Tranche of
ONEseries Notes, from and including the date of issuance of that Tranche of
ONEseries Notes) to but excluding the Monthly Principal Accrual Date in the
following Monthly Period.

              (d) Specified Deposits. If the Terms Document for a Tranche of
ONEseries Notes specifies a deposit in addition to or different from the
deposits described above to be made to the Interest Funding Sub-Account for that
Tranche of ONEseries Notes, the deposit targeted for that Tranche of ONEseries
Notes with respect to such Monthly Period and the applicable Note Transfer Date
will be such specified amount.

              (e) Additional Interest. Unless otherwise specified in the
applicable Terms Document, the deposit targeted for any Tranche of Outstanding
Notes that has accrued and overdue interest will include the interest accrued on
that overdue interest during the period from and including the prior Monthly
Interest Accrual Date to but excluding the current Monthly Interest Accrual Date
at the rate of interest applicable to the principal of such Tranche during that
period.

              Section 3.04 Allocations of ONEseries Available Finance Charge
Collections to the Interest Funding Account and to the Interest Funding
Sub-Accounts. The aggregate amount to be deposited to the Interest Funding
Account pursuant to subsection 3.02(a) will, at the written direction of the
Servicer, be allocated, and a portion deposited, into the Interest Funding
Sub-Account for each Tranche of ONEseries Notes on the applicable Note Transfer
Date as follows:

              (a) ONEseries Available Finance Charge Collections at Least Equal
to or Greater Than Targeted Amounts. If the amount of funds available for a
Monthly Period pursuant to Section 3.02 is at least equal to or greater than the
aggregate amount of the deposits and payments targeted by Section 3.03 with
respect to such Monthly Period, then the full amount of each such deposit and
payment will be made to the applicable Interest Funding Sub-Accounts.

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<PAGE>

              (b) ONEseries Available Finance Charge Collections are Less than
Targeted Amounts. If the amount of funds available for a Monthly Period pursuant
to Section 3.02 is less than the aggregate amount of the deposits targeted by
Section 3.03 with respect to such Monthly Period, then the amount available will
be allocated to each Tranche of ONEseries Notes as follows:

                  (i)   first, to each Tranche of Class A Notes pro rata based
         on the ratio of (A) the aggregate amount of the deposits targeted by
         Section 3.03 with respect to that Tranche of Class A Notes, to (B) the
         aggregate amount of the deposits targeted by Section 3.03 with respect
         to all Tranches of Class A Notes, and

                  (ii)  second, to each Tranche of Class B Notes pro rata based
         on the ratio of (A) the aggregate amount of the deposits targeted by
         Section 3.03 with respect to that Tranche of Class B Notes, to (B) the
         aggregate amount of the deposits targeted by Section 3.03 with respect
         to all Tranches of Class B Notes, and

                  (iii) third, to each Tranche of Class C Notes pro rata based
         on the ratio of (A) the aggregate amount of the deposits targeted by
         Section 3.03 with respect to that Tranche of Class C Notes, to (B) the
         aggregate amount of the deposits targeted by Section 3.03 with respect
         to all Tranches of Class C Notes.

              Section 3.05 Amounts to be Treated as ONEseries Available Finance
Charge Collections; Payments Received from Derivative Counterparties for
Interest in a Foreign Currency; Other Deposits to the Interest Funding
Sub-Accounts. The following deposits and payments will be made on the following
dates:

              (a) Amounts to be Treated as ONEseries Available Finance Charge
Collections. In addition to Available Finance Charge Collections allocated to
the ONEseries pursuant to subsection 3.01(a), any Shared Excess Available
Finance Charge Collections from other Series in Shared Excess Available Finance
Charge Collections Group A pursuant to Section 3.27 and any amounts to be
treated as ONEseries Available Finance Charge Collections pursuant to any Terms
Document, the following amounts shall be treated as ONEseries Available Finance
Charge Collections for application in accordance with this Article III with
respect to any Monthly Period:

                  (i)   Segregated ONEseries Finance Charge Collections. The
         aggregate amount of Segregated ONEseries Finance Charge Collections
         allocable to each Tranche of ONEseries Notes which is used to cover the
         aggregate Principal Funding Sub-Account Earnings Shortfall for each
         Tranche of ONEseries Notes pursuant to Section 3.30.

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<PAGE>

                  (ii)  Dollar Payments from Derivative Counterparties for
         Interest. Dollar payments received under Derivative Agreements for
         interest for any Tranche of ONEseries Notes.

                  (iii) Sub-Account Earnings. The aggregate amount of Principal
         Funding Sub-Account Earnings from all Principal Funding Sub-Accounts
         and the aggregate amount of Interest Funding Sub-Account Earnings from
         all Interest Funding Sub-Accounts.

            (b)   Foreign Currency Payments From Derivative Counterparties for
Interest. Payments received under Derivative Agreements for ONEseries Notes with
interest payable in a Foreign Currency will be applied as specified in the
applicable Terms Document.

            (c)   Other Deposits to the Interest Funding Sub-Accounts.

                  (i)   Class C Reserve Account. Withdrawals made from the Class
         C Reserve Account pursuant to subsection 3.25(a) will be deposited into
         the applicable Interest Funding Sub-Account for the applicable Tranche
         of Class C Notes on the applicable Note Transfer Date for such Tranche
         of Class C Notes.

                  (ii)  Sales Proceeds. Sales Proceeds received by the Issuer
         pursuant to subsection 3.22(c)(ii) for any Tranche of ONEseries Notes
         will be deposited into the applicable Interest Funding Sub-Account on
         the date of receipt by the Issuer.

                  (iii) Other Amounts. The Terms Document for any Tranche may
         include additional amounts which are to be deposited into the
         applicable Interest Funding Sub-Account on each applicable Note
         Transfer Date.

            Section 3.06 Allocations of Reductions from Investor Charge-Offs to
the Nominal Liquidation Amount of Subordinated Classes. If there is an Investor
Charge-Off on any First Note Transfer Date, that reduction will be allocated
(and reallocated) on that date to each Tranche of ONEseries Notes as set forth
in this Section 3.06.

            (a)   Initially, the amount of such Investor Charge-Off will be
allocated to each Tranche of Outstanding ONEseries Notes pro rata based on the
ratio of the Nominal Liquidation Amount used for such Tranche in the calculation
of the ONEseries Floating Allocation Percentage for the immediately preceding
Monthly Period to the aggregate Nominal Liquidation Amount used in the
calculation of the ONEseries Floating Allocation Percentage for such Monthly
Period.

            (b)   Immediately afterwards, the amount of Investor Charge-Offs
allocated to the Class A Notes pursuant to clause (a) will be reallocated to the
Class C Notes subject to the

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<PAGE>

limitations set forth in clauses (c) and (e), and the amount of Investor
Charge-Offs allocated to the Class A Notes pursuant to clause (a) and not
reallocated to the Class C Notes due to the limitations set forth in clauses (c)
and (e) will be reallocated to the Class B Notes subject to the limitations set
forth in clauses (c) and (e). Immediately after giving effect to the preceding
sentence, the aggregate amount of Investor Charge-Offs allocated to the Class B
Notes pursuant to clause (a) or reallocated to the Class B Notes pursuant to the
preceding sentence will be reallocated to the Class C Notes subject to the
limitations set forth in clauses (d) and (e). Any amount of Investor Charge-Offs
which cannot be reallocated from a Senior Class to a Subordinated Class due to
the limitations in clauses (c), (d) and (e) will reduce the Nominal Liquidation
Amount of the related senior Tranche of ONEseries Notes.

            (c) (i) The reallocation in clause (b) of Investor Charge-Offs from
any Tranche of Class A Notes to the Class C Notes is subject to the limitation
that after giving effect to clause (a) and to such reallocation from that
Tranche of Class A Notes to the Class C Notes, that Tranche's Class A Usage of
Class C Required Subordinated Amount (computed before giving effect to any
reallocations of Investor Charge-Offs from any Class B Notes and any
reallocation of ONEseries Available Principal Collections for such First Note
Transfer Date) will not exceed that Tranche's Class A Required Subordinated
Amount of Class C Notes.

                (ii) The reallocation in clause (b) of Investor Charge-Offs from
        any Tranche of Class A Notes to the Class B Notes is subject to the
        limitation that after giving effect to clause (a) and to such
        reallocation from that Tranche of Class A Notes to the Class B Notes,
        that Tranche's Class A Usage of Class B Required Subordinated Amount
        (computed before giving effect to any reallocations of ONEseries
        Available Principal Collections for such First Note Transfer Date) will
        not exceed that Tranche's Class A Required Subordinated Amount of Class
        B Notes.

            (d) The reallocation in clause (b) of Investor Charge-Offs from any
Tranche of Class B Notes to the Class C Notes is subject to the limitation that
after giving effect to clause (a) and such reallocation from that Tranche of
Class B Notes and reallocations from any Tranche of Class A Notes to any Tranche
of Class C Notes, that Tranche's Class B Usage of Class C Required Subordinated
Amount (computed before giving effect to any reallocations of ONEseries
Available Principal Collections for such First Note Transfer Date) will not
exceed that Tranche's Class B Required Subordinated Amount of Class C Notes.

            (e) (i) The amount permitted to be reallocated to Tranches of Class
C Notes pursuant to clause (b) will be applied to each Tranche of Class C Notes
pro rata based on the ratio of the Nominal Liquidation Amount used for that
Tranche of Class C Notes in the calculation of the ONEseries Floating Allocation
Percentage for the immediately preceding Monthly Period to the Nominal
Liquidation Amount for all Class C Notes

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<PAGE>

         in the ONEseries used in the calculation of the ONEseries Floating
         Allocation Percentage for such Monthly Period.

                     (ii)  In no event will the Nominal Liquidation Amount
         (after giving effect to this clause (e)) of any Tranche of Class C
         Notes be reduced below zero.

                     (iii) The amount permitted to be reallocated to Tranches of
         Class B Notes pursuant to clause (b) will be applied to each Tranche of
         Class B Notes pro rata based on the ratio of the Nominal Liquidation
         Amount used for that Tranche of Class B Notes in the calculation of the
         ONEseries Floating Allocation Percentage for the immediately preceding
         Monthly Period to the Nominal Liquidation Amount for all Class B Notes
         in the ONEseries used in the calculation of the ONEseries Floating
         Allocation Percentage for such Monthly Period.

                     (iv)  In no event will the Nominal Liquidation Amount
         (after giving effect to this clause (e)) of any Tranche of Class B
         Notes be reduced below zero.

              (f)    In the case of each Tranche of ONEseries Notes, the Nominal
Liquidation Amount of each such Tranche will be reduced by an amount equal to
the Investor Charge-Offs which are allocated or reallocated to that Tranche of
ONEseries Notes, less the amount of Investor Charge-Offs that are reallocated
from that Tranche of ONEseries to a Subordinated Class of ONEseries Notes.

              Section 3.07 Allocations of Reimbursements of Nominal Liquidation
Amount Deficits. If, with respect to any Monthly Period, there are ONEseries
Available Finance Charge Collections available pursuant to subsection 3.02(d) to
reimburse any Nominal Liquidation Amount Deficits, such funds will be allocated
to each Tranche of ONEseries Notes on the First Note Transfer Date in the
immediately succeeding Monthly Period as follows:

              (a)    first, to each Tranche of Class A Notes pro rata based on
the ratio of the Nominal Liquidation Amount Deficit thereof to the aggregate
Nominal Liquidation Amount Deficits of all Tranches of Class A Notes, but in no
event will the Nominal Liquidation Amount of such a Tranche of ONEseries Notes
be increased above the Adjusted Outstanding Dollar Principal Amount of such
Tranche,

              (b)    second, to each Tranche of Class B Notes pro rata based on
the ratio of the Nominal Liquidation Amount Deficit thereof to the aggregate
Nominal Liquidation Amount Deficits of all Tranches of Class B Notes, but in no
event will the Nominal Liquidation Amount of such a Tranche of ONEseries Notes
be increased above the Adjusted Outstanding Dollar Principal Amount of such
Tranche, and

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<PAGE>

              (c)    third, to each Tranche of Class C Notes pro rata based on
the ratio of the Nominal Liquidation Amount Deficits thereof to the aggregate
Nominal Liquidation Amount Deficit of all Tranches of Class C Notes, but in no
event will the Nominal Liquidation Amount of such a Tranche of ONEseries Notes
be increased above the Adjusted Outstanding Dollar Principal Amount of such
Tranche.

              Section 3.08 Allocations of Asset Pool One Principal Collections
to the ONEseries Notes. With respect to each Monthly Period, the Collateral
Agent, at the written direction of the Servicer, shall allocate to the ONEseries
Notes an amount equal to the product of (i) the ONEseries Principal Allocation
Percentage and (ii) the Asset Pool One Principal Collections for such Monthly
Period.

              Section 3.09 Application of ONEseries Available Principal
Collections. With respect to each Monthly Period, the Indenture Trustee, at the
written direction of the Servicer, shall apply an amount equal to the sum of (i)
Asset Pool One Principal Collections allocated to the ONEseries pursuant to
Section 3.08, (ii) any amounts to be treated as ONEseries Available Principal
Collections pursuant to subsection 3.14(a), (iii) any Shared Excess Available
Principal Collections allocated to the ONEseries pursuant to Section 3.28, (iv)
any Asset Pool One Collateral Certificate Principal Shortfall Payments allocated
to the ONEseries pursuant to Section 3.29 and (v) any amounts to be treated as
ONEseries Available Principal Collections allocated to the ONEseries pursuant to
any Terms Document (such amounts, the "ONEseries Available Principal
Collections") as follows:

              (a)    first, if after giving effect to deposits to be made on
each Note Transfer Date in the immediately succeeding Monthly Period pursuant to
subsection 3.02(a), any Tranche of Class A Notes will not receive the full
amount targeted to be deposited pursuant to Section 3.03 with respect to any
such Note Transfer Date, then ONEseries Available Principal Collections (in an
amount not to exceed the product of (x) the ONEseries Available Principal
Collections that are described in clauses (i) and (ii) in the preamble to this
Section 3.09 and (y) the sum of the Class B Allocation Percentage and the Class
C Allocation Percentage for such Monthly Period) will be allocated to the
Interest Funding Sub-Account of each such Tranche of Class A Notes pro rata
based on, in the case of each such Tranche of Class A Notes, the lesser of the
following amounts:

                     (i)    the amount of the deficiency in the targeted amount
         to be deposited into the Interest Funding Sub-Account of such Tranche
         of Class A Notes; and

                     (ii)   an amount equal to the sum of (A) the Class A Unused
         Subordinated Amount of Class C Notes plus (B) the Class A Unused
         Subordinated Amount of Class B Notes, in each case, for such Tranche of
         Class A Notes (determined after giving

                                       40

<PAGE>

         effect to the application of Investor Charge-Offs pursuant to Section
         3.06 on the First Note Transfer Date);

              (b)    second, if after giving effect to deposits to be made on
each Note Transfer Date in the immediately succeeding Monthly Period pursuant to
subsection 3.02(a) any Tranche of Class B Notes will not receive the full amount
targeted to be deposited pursuant to Section 3.03 with respect to any such Note
Transfer Date, then ONEseries Available Principal Collections (in an amount, not
less than zero, not to exceed the excess of (I) the product of (x) the ONEseries
Available Principal Collections that are described in clauses (i) and (ii) in
the preamble to this Section 3.09 and (y) the sum of the Class B Allocation
Percentage and the Class C Allocation Percentage for such Monthly Period over
(II) the aggregate amount of such ONEseries Available Principal Collections
reallocated pursuant to clause (a) above) will be allocated to the Interest
Funding Sub-Account of each such Tranche of Class B Notes pro rata based on, in
the case of each such Tranche of Class B Notes, the lesser of the following
amounts:

                     (i)   the amount of the deficiency in the targeted amount
         to be deposited into the Interest Funding Sub-Account of such Tranche
         of Class B Notes; and

                     (ii)  an amount equal to the Class B Unused Subordinated
         Amount of Class C Notes for such Tranche of Class B Notes (determined
         after giving effect to the application of Investor Charge-Offs pursuant
         to Section 3.06 on the First Note Transfer Date and the reallocation of
         ONEseries Available Principal Collections pursuant to clause (a)
         above);

              (c)    third, if after giving effect to payments to be made on the
First Note Transfer Date in the immediately succeeding Monthly Period pursuant
to subsection 3.02(b), the Servicer will not receive the full amount of the
ONEseries Servicing Fees allocable to the Class A Notes to be paid pursuant to
subsection 3.02(b) on such First Note Transfer Date, then ONEseries Available
Principal Collections (in an amount, not less than zero, not to exceed the
excess of (I) the product of (x) the ONEseries Available Principal Collections
that are described in clauses (i) and (ii) in the preamble to this Section 3.09
and (y) the sum of the Class B Allocation Percentage and the Class C Allocation
Percentage for such Monthly Period over (II) the aggregate amount of such
ONEseries Available Principal Collections reallocated pursuant to clauses (a)
and (b) above) will be paid to the Servicer in an amount equal to, and allocated
to each such Tranche of Class A Notes pro rata based on, in the case of each
such Tranche of Class A Notes, the lesser of the following amounts:

                     (i)    the amount of the deficiency allocated to such
         Tranche of Class A Notes pro rata pursuant to Section 3.10; and

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<PAGE>

                     (ii)  an amount equal to the sum of (A) the Class A Unused
         Subordinated Amount of Class C Notes plus (B) the Class A Unused
         Subordinated Amount of Class B Notes, in each case, for such Tranche of
         Class A Notes (determined after giving effect to the allocation of
         Investor Charge-Offs pursuant to Section 3.06 on the First Note
         Transfer Date and the reallocation of ONEseries Available Principal
         Collections pursuant to clauses (a) and (b) above);

              (d)    fourth, if after giving effect to payments to be made on
the First Note Transfer Date in the immediately succeeding Monthly Period
pursuant to subsection 3.02(b), the Servicer will not receive the full amount of
the ONEseries Servicing Fees allocable to the Class B Notes to be paid pursuant
to subsection 3.02(b) on such First Note Transfer Date, then ONEseries Available
Principal Collections (in an amount, not less than zero, not to exceed the
excess of (I) the product of (x) the ONEseries Available Principal Collections
that are described in clauses (i) and (ii) in the preamble to this Section 3.09
and (y) the sum of the Class B Allocation Percentage and the Class C Allocation
Percentage for such Monthly Period over (II) the aggregate amount of such
ONEseries Available Principal Collections reallocated pursuant to clauses (a)
through (c) above) will be paid to the Servicer in an amount equal to, and
allocated to each such Tranche of Class B Notes pro rata based on, in the case
of each such Tranche of Class B Notes, the lesser of the following amounts:

                     (i)    the amount of the deficiency allocated to such
         Tranche of Class B Notes pro rata pursuant to Section 3.10; and

                     (ii)   an amount equal to the Class B Unused Subordinated
         Amount of Class C Notes for such Tranche of Class B Notes (determined
         after giving effect to the allocation of Investor Charge-Offs pursuant
         to Section 3.06 on the First Note Transfer Date and the reallocation of
         ONEseries Available Principal Collections pursuant to clauses (a)
         through (c) above);

              (e)    fifth, to make the targeted deposits on the applicable Note
Transfer Dates in the immediately succeeding Monthly Period to the Principal
Funding Sub-Accounts for all Tranches of ONEseries Notes pursuant to Section
3.12;

              (f)    sixth, to be treated as Shared Excess Available Principal
Collections on each applicable Note Transfer Date for the benefit of other
Series in Asset Pool One; and

              (g)    seventh, to be treated as part of the Asset Pool One
Reinvestment Amount.

              Section 3.10 Allocation of ONEseries Servicing Fee Shortfalls.

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<PAGE>

              On each First Note Transfer Date if, after giving effect to
payments to be made with respect to the prior Monthly Period pursuant to
subsection 3.02(a), the Servicer has not received the full amount to be paid
pursuant to subsection 3.02(b) with respect to such Monthly Period, the
aggregate amount of such shortfall will be allocated to each Tranche of
Outstanding ONEseries Notes pro rata based on the ratio of the Nominal
Liquidation Amount used for such Tranche in the calculation of the ONEseries
Floating Allocation Percentage for such Monthly Period to the aggregate Nominal
Liquidation Amount for all Outstanding Tranches of ONEseries Notes used in the
calculation of the ONEseries Floating Allocation Percentage for such Monthly
Period.

              Section 3.11 Computation of Reductions to the Nominal Liquidation
Amount of Subordinated Classes from Reallocations of ONEseries Available
Principal Collections.

              (a)    Each reallocation of ONEseries Available Principal
Collections deposited to the Interest Funding Sub-Account of a Tranche of Class
A Notes pursuant to subsection 3.09(a) will reduce the Nominal Liquidation
Amount of the Class C Notes on the First Note Transfer Date in the Monthly
Period in which such reallocation occurs; provided, however, that the amount of
such reduction for each such Tranche of Class A Notes shall not exceed the Class
A Unused Subordinated Amount of Class C Notes for such Tranche of Class A Notes
(after giving effect to any reductions or reimbursements pursuant to Section
3.06 on such First Note Transfer Date).

              (b)    Each reallocation of ONEseries Available Principal
Collections deposited to the Interest Funding Sub-Account of a Tranche of Class
A Notes pursuant to subsection 3.09(a) which does not reduce the Nominal
Liquidation Amount of Class C Notes pursuant to clause (a) above will reduce the
Nominal Liquidation Amount of the Class B Notes on the First Note Transfer Date
in the Monthly Period in which such reallocation occurs; provided, however, that
the amount of such reduction for each such Tranche of Class A Notes shall not
exceed the Class A Unused Subordinated Amount of Class B Notes for such Tranche
of Class A Notes (after giving effect to any reductions or reimbursements
pursuant to Section 3.06 on such First Note Transfer Date).

              (c)    Each reallocation of ONEseries Available Principal
Collections deposited to the Interest Funding Sub-Account of a Tranche of Class
B Notes pursuant to subsection 3.09(b) will reduce the Nominal Liquidation
Amount (determined after giving effect to clause (a) above) of the Class C Notes
on the First Note Transfer Date in the Monthly Period in which such reallocation
occurs; provided, however, that the amount of such reduction for each such
Tranche of Class B Notes shall not exceed the Class B Unused Subordinated Amount
of Class C Notes for such Tranche of Class B Notes (after giving effect to any
reductions or reimbursements pursuant to Section 3.06 on such First Note
Transfer Date).

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<PAGE>

              (d)    Each reallocation of ONEseries Available Principal
Collections paid to the Servicer pursuant to subsection 3.09(c) will reduce the
Nominal Liquidation Amount (determined after giving effect to clauses (a) and
(c) above) of the Class C Notes on the First Note Transfer Date in the Monthly
Period in which such reallocation occurs; provided, however, that the amount of
such reduction for each such Tranche of Class A Notes shall not exceed the Class
A Unused Subordinated Amount of Class C Notes for such Tranche of Class A Notes
(after giving effect to clauses (a) and (c) above and any reductions or
reimbursements pursuant to Section 3.06 on such First Note Transfer Date).

              (e)    Each reallocation of ONEseries Available Principal
Collections paid to the Servicer pursuant to subsection 3.09(c) which does not
reduce the Nominal Liquidation Amount of Class C Notes pursuant to clause (d)
above will reduce the Nominal Liquidation Amount (determined after giving effect
to clause (b) above) of the Class B Notes on the First Note Transfer Date in the
Monthly Period in which such reallocation occurs; provided, however, that the
amount of such reduction for each such Tranche of Class A Notes shall not exceed
the Class A Unused Subordinated Amount of Class B Notes for such Tranche of
Class A Notes (after giving effect to clause (b) above and any reductions or
reimbursements pursuant to Section 3.06 on such First Note Transfer Date).

              (f)    Each reallocation of ONEseries Available Principal
Collections paid to the Servicer pursuant to subsection 3.09(d) will reduce the
Nominal Liquidation Amount (determined after giving effect to clauses (a), (c)
and (d) above) of the Class C Notes on the First Note Transfer Date in the
Monthly Period in which such reallocation occurs; provided, however, that the
amount of such reduction for each such Tranche of Class A Notes shall not exceed
the Class A Unused Subordinated Amount of Class C Notes for such Tranche of
Class A Notes (after giving effect to any reductions or reimbursements pursuant
to Section 3.06 on such First Note Transfer Date).

              (g)    The aggregate amount of the reallocation of ONEseries
Available Principal Collections which reduce the Nominal Liquidation Amount of
Class B Notes pursuant to clauses (b) and (e) above will reduce the Nominal
Liquidation Amount (determined after giving effect to any reductions or
reimbursements pursuant to Section 3.06 on such First Note Transfer Date) of
each Tranche of the Class B Notes pro rata based on the ratio of the Nominal
Liquidation Amount for such Tranche of Class B Notes used in the ONEseries
Floating Allocation Percentage for the related Monthly Period to the Nominal
Liquidation Amount for all Class B Notes used in the ONEseries Floating
Allocation Percentage for the related Monthly Period; provided, however, that
the amount of any such reduction of the Nominal Liquidation Amount of a Tranche
of Class B Notes will be limited by the aggregate amount of such reduction which
results in a reduction of the Nominal Liquidation Amount of the Class C Notes
pursuant to clause (h) below.

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<PAGE>

              (h)    Each reallocation of ONEseries Available Principal
Collections which reduces the Nominal Liquidation Amount of Class B Notes
pursuant to clause (g) above may be reallocated to the Class C Notes and such
reallocation will reduce the Nominal Liquidation Amount (determined after giving
effect to clauses (a), (c), (d) and (f) above and any reductions or
reimbursements pursuant to Section 3.06 on such First Note Transfer Date) of the
Class C Notes; provided, however, that the amount of such reduction for each
such Tranche of Class B Notes shall not exceed the Class B Unused Subordinated
Amount of Class C Notes for such Tranche of Class B Notes (after giving effect
to clauses (a), (c), (d) and (f) above and any reductions pursuant to Section
3.06 on such First Note Transfer Date).

              (i)    The aggregate amount of the reallocation of ONEseries
Available Principal Collections which reduce the Nominal Liquidation Amount of
Class C Notes pursuant to clauses (a), (c), (d), (f) and (h) above will reduce
the Nominal Liquidation Amount (determined after giving effect to any reductions
or reimbursements pursuant to Section 3.06 on such First Note Transfer Date) of
each Tranche of the Class C Notes pro rata based on the ratio of the Nominal
Liquidation Amount for such Tranche of Class C Notes used in the ONEseries
Floating Allocation Percentage for the related Monthly Period to the Nominal
Liquidation Amount for all Class C Notes used in the ONEseries Floating
Allocation Percentage for the related Monthly Period.

              Section 3.12 Targeted Deposits of ONEseries Available Principal
Collections to the Principal Funding Account and the Principal Funding
Sub-Account. The amount of the deposit targeted for any Tranche of ONEseries
Notes with respect to any Monthly Period to be deposited into the Principal
Funding Sub-Account for that Tranche on the applicable Note Transfer Date in the
immediately succeeding Monthly Period will be the sum of (i) the amount
determined pursuant to clause (a), (b), (c), (d) or (e) of this Section with
respect to such Tranche for such Monthly Period, as applicable and (ii) any
deposit targeted pursuant to clause (i) with respect to such Tranche for any
prior Monthly Period but for which the full targeted deposit was not made, but
in no case more than the Nominal Liquidation Amount of such Tranche of ONEseries
Notes (computed immediately before giving effect to such deposit but after
giving effect to any reductions of the Nominal Liquidation Amount of such
Tranche of ONEseries Notes as a result of Investor Charge-Offs and any
reallocations of ONEseries Available Principal Collections or increases of the
Nominal Liquidation Amount of such Tranche of ONEseries Notes as a result of
reimbursements thereof pursuant to subsection 3.02(d) to be made on the First
Note Transfer Date in the immediately succeeding Monthly Period).

              (a)    Principal Payment Date. With respect to the Monthly Period
immediately preceding any Principal Payment Date, the deposit targeted for that
Tranche of ONEseries Notes, unless otherwise specified in the applicable Terms
Document, will be equal to the Nominal Liquidation Amount of that Tranche of
ONEseries Notes (computed immediately before giving effect to such deposit but
after giving effect to any reductions of the Nominal Liquidation

                                       45

<PAGE>

Amount of such Tranche of ONEseries Notes as a result of Investor Charge-Offs
and any reallocations of ONEseries Available Principal Collections or increases
of the Nominal Liquidation Amount of such Tranche of ONEseries Notes as a result
of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First
Note Transfer Date in the immediately following Monthly Period).

              (b)    Budgeted Deposits.

                     (i) Subject to subsection 3.12(d), with respect to each
         Monthly Period, beginning with the Accumulation Commencement Date, the
         deposit targeted to be made into the Principal Funding Sub-Account for
         that Tranche will be the Controlled Accumulation Amount for that
         Tranche specified in the applicable Terms Document, or if no such
         amount is specified, beginning with the twelfth Monthly Period before
         the Monthly Period related to the Scheduled Principal Payment Date of
         that Tranche of ONEseries Notes, an amount equal to one-twelfth of the
         expected Outstanding Dollar Principal Amount of such Tranche of
         ONEseries Notes as of such Scheduled Principal Payment Date.

                     (ii)   Notwithstanding anything to the contrary in clause
         (i), on or before the Determination Date immediately preceding the
         first business day of the month that is twelve (12) whole calendar
         months prior to the Scheduled Principal Payment Date of any Tranche of
         ONEseries Notes, and each Determination Date thereafter until the
         Accumulation Commencement Date, the Servicer will determine the
         "Accumulation Period Length" which shall equal a number of months not
         less than the number of whole calendar months reasonably expected by
         the Servicer to be necessary to accumulate from ONEseries Available
         Principal Collections an amount equal to the Nominal Liquidation Amount
         of such Tranche of ONEseries Notes; provided, however, that the
         Accumulation Period Length will not be determined to be less than one
         whole calendar month; provided further, however, that if the Servicer
         determines that the Accumulation Period Length will be less than twelve
         (12) whole calendar months, the Servicer shall on the first
         Determination Date on which the Accumulation Period Length is
         determined send written notice to the Indenture Trustee, the Collateral
         Agent and each Note Rating Agency then rating any Outstanding ONEseries
         Notes, which notice shall state the applicable Accumulation Period
         Length.

              (c)    Prefunding of the Principal Funding Account of Senior
Classes. If the Issuer determines with respect to any Monthly Period with
respect to any Class A Notes or Class B Notes that, after giving effect to all
allocations, payments and deposits that will be made on the First Note Transfer
Date and each Note Transfer Date occurring in the immediately succeeding Monthly
Period, the Prefunding Target Amount of such Class is greater than zero, the
targeted

                                       46

<PAGE>

deposit to the Principal Funding Sub-Accounts for such Class will be the
Prefunding Target Amount for the ONEseries for such Monthly Period.

              (d)    Event of Default, Early Amortization Event, Other Optional
or Mandatory Redemption. If any Tranche of ONEseries Notes has been accelerated
during a Monthly Period after the occurrence of an Event of Default, or if an
Early Amortization Event with respect to any Tranche of ONEseries Notes occurs
during such Monthly Period, or with respect to the Monthly Period immediately
preceding any other date fixed for any other optional or mandatory redemption of
any Tranche of ONEseries Notes, the deposit targeted for that Tranche of
ONEseries Notes with respect to that Monthly Period and each following Monthly
Period will be equal to the Nominal Liquidation Amount of that Tranche of
ONEseries Notes (computed immediately before giving effect to such deposit but
after giving effect to any reductions of the Nominal Liquidation Amount of such
Tranche of ONEseries Notes as a result of Investor Charge-Offs and any
reallocations of ONEseries Available Principal Collections or increases of the
Nominal Liquidation Amount of such Tranche of ONEseries Notes as a result of
reimbursements thereof pursuant to subsection 3.02(d) to be made on the First
Note Transfer Date in the immediately succeeding Monthly Period).

              (e)    Amounts Owed to Derivative Counterparties. If a Tranche of
Outstanding ONEseries Dollar Notes or ONEseries Foreign Currency Notes has a
Performing or non-Performing Derivative Agreement for principal that provides
for a payment to the applicable Derivative Counterparty, the deposit targeted
for that Tranche of ONEseries Notes on each Note Transfer Date with respect to
any payment to the Derivative Counterparty will be specified in the related
Terms Document.

              Section 3.13 Allocations among Principal Funding Sub-Accounts.
Subject to the restrictions of Section 3.17, the aggregate amount of the
deposits to be made to the Principal Funding Sub-Accounts for each Tranche of
ONEseries Notes pursuant to Section 3.12 for each Monthly Period will be
allocated, and a portion deposited in the Principal Funding Sub-Account for each
Tranche of ONEseries Notes, as follows:

              (a)    ONEseries Available Principal Collections Equal to Targeted
Amount. Subject to clause (c) below, if ONEseries Available Principal
Collections remaining after giving effect to subsections 3.09(a) through (d) are
equal to or greater than the aggregate amount of ONEseries Available Principal
Collections targeted to be deposited into the Principal Funding Sub-Accounts for
all Tranches of ONEseries Notes pursuant to Section 3.12, then that targeted
amount will be deposited in the Principal Funding Sub-Account established for
each Tranche of ONEseries Notes.

              (b)    ONEseries Available Principal Collections Are Less Than
Targeted Amounts. Subject to clause (c) below, if ONEseries Available Principal
Collections remaining

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<PAGE>

after giving effect to subsections 3.09(a) through (d) are less than the
aggregate amount targeted to be deposited into the Principal Funding
Sub-Accounts for all Tranches of ONEseries Notes pursuant to Section 3.12, then
remaining ONEseries Available Principal Collections will be deposited in the
Principal Funding Sub-Account established for each Tranche of ONEseries Notes in
the following priority:

                     (i)    first, the amount available will be allocated to the
         Class A Notes pro rata based on the ratio of (A) the amount targeted to
         be deposited into the Principal Funding Sub-Account for such Tranche of
         Class A Notes pursuant to Section 3.12, to (B) the aggregate amount
         targeted to be deposited into the Principal Funding Sub-Account for all
         Tranches of Class A Notes pursuant to Section 3.12;

                     (ii)   second, the amount available after the application
         in clause (i) above will be allocated to the Class B Notes, pro rata
         based on the ratio of (A) the amount targeted to be deposited into the
         Principal Funding Sub-Account for such Tranche of Class B Notes
         pursuant to Section 3.12, to (B) the aggregate amount targeted to be
         deposited into the Principal Funding Sub-Account for all Tranches of
         Class B Notes pursuant to Section 3.12; and

                     (iii)  third, the amount available after the applications
         in clauses (i) and (ii) above will be allocated to the Class C Notes,
         pro rata based on the ratio of (A) the amount targeted to be deposited
         into the Principal Funding Sub-Account for such Tranche of Class C
         Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to
         be deposited into the Principal Funding Sub-Account for all Tranches of
         Class C Notes pursuant to Section 3.12.

              (c)    Reallocation of Deposits to the Principal Funding Sub-
Account of any Subordinated Tranche of ONEseries Notes. If the restrictions of
subsection 3.17(a) prevent the deposit of ONEseries Available Principal
Collections into the Principal Funding Sub-Account of any Subordinated Tranche
of ONEseries Notes, the aggregate amount of ONEseries Available Principal
Collections available to make the targeted deposit for such Subordinated Tranche
will be allocated first, if applicable, to each Tranche of Class A Notes pro
rata based on the ratio of (A) the Required Subordinated Amount with respect to
such Subordinated Class of ONEseries Notes for such Tranche of Class A Notes to
(B) the Required Subordinated Amount with respect to such Subordinated Class of
ONEseries Notes for all Tranches of Class A Notes and, second, if applicable, to
each Tranche of Class B Notes pro rata based on the ratio of (A) the Required
Subordinated Amount with respect to such Subordinated Class of ONEseries Notes
for such Tranche of Class B Notes to (B) the Required Subordinated Amount with
respect to such Subordinated Class of ONEseries Notes for all Tranches of Class
B Notes.

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<PAGE>

              Section 3.14 Amounts to be Treated as ONEseries Available
Principal Collections; Payments Received from Derivative Counterparties for
Principal; Other Deposits to Principal Funding Sub-Accounts. The following
deposits and payments will be made on the following dates:

              (a)    Amounts to be Treated as ONEseries Available Principal
Collections. In addition to Available Principal Collections allocated to the
ONEseries pursuant to Section 3.3 of the Asset Pool One Supplement and Section
3.08 hereof, any Shared Excess Available Principal Collections allocated to the
ONEseries pursuant to Section 3.28, any Asset Pool One Collateral Certificate
Principal Shortfall Payments allocated to the ONEseries pursuant to Section 3.29
and any amounts to be treated as ONEseries Available Principal Collections
pursuant to any Terms Document, the following amounts shall be treated as
ONEseries Available Principal Collections for application in accordance with
this Article III with respect to any Monthly Period:

                     (i)    ONEseries Available Finance Charge Collections.
         ONEseries Available Principal Collections will include ONEseries
         Available Finance Charge Collections to be treated as ONEseries
         Available Principal Collections pursuant to subsection 3.02(c) or 3.02
         (d).

                     (ii)   Dollar Payments from Derivative Counterparties for
         Principal. Dollar payments received under Derivative Agreements for
         principal for any Tranche of ONEseries Notes will be treated as
         ONEseries Available Principal Collections.

              (b)    Payments Received from Derivative Counterparties. Payments
received under Derivative Agreements for ONEseries Notes with principal payable
in a Foreign Currency will be applied as specified in the applicable Terms
Document.

              (c)    Class C Reserve Sub-Account. Withdrawals made from the
Class C Reserve Sub-Account for any Tranche of Class C Notes pursuant to
subsection 3.25(b) will be deposited into the applicable Principal Funding
Sub-Account on the applicable Note Transfer Date.

              (d)    Sale Proceeds. Sales Proceeds received pursuant to
subsection 3.22(c)(i) for any Tranche of ONEseries Notes will be deposited into
the applicable Principal Funding Sub-Account on the date of receipt by the
Issuer.

              (e)    Issuance Proceeds. If any Tranche of ONEseries Notes
remains Outstanding after its Scheduled Principal Payment Date, issuance
proceeds received pursuant to the issuance of a new Tranche of ONEseries Notes
will be deposited into the applicable Principal Funding Sub-Account on the date
of receipt by the Issuer and applied to pay the Outstanding Dollar Principal
Amount of such Tranche of ONEseries Notes on the next succeeding Principal

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<PAGE>

Payment Date for such Tranche of ONEseries Notes; provided, that the Servicer
may, upon five Business Days' prior written notice to the Indenture Trustee,
specify a special Principal Payment Date and Interest Payment Date which may
occur on any Business Day and on which the Outstanding Dollar Principal Amount
and all accrued and unpaid interest through such date shall be paid on the
Notes.

              Section 3.15 Withdrawals from Interest Funding Account.
Withdrawals made pursuant to this Section 3.15 with respect to any Tranche of
ONEseries Notes will be made from the Interest Funding Sub-Account established
for that Tranche only after all allocations and reallocations have been made
pursuant to Sections 3.03, 3.04, 3.05 and 3.09. In no event will the aggregate
amount of the withdrawals from an Interest Funding Sub-Account for any month be
more than the amount on deposit in the applicable Interest Funding Sub-Account.
A single Tranche of ONEseries Notes may be entitled to more than one of the
following withdrawals in any month.

              (a)    Withdrawals for ONEseries Dollar Notes. On each Interest
Payment Date (or as specified in the applicable Terms Document) with respect to
each Tranche of ONEseries Dollar Notes, an amount equal to the interest due on
the applicable Tranche of ONEseries Notes on such Interest Payment Date
(including any overdue interest payments and additional interest on overdue
interest payments with respect to prior Interest Payment Dates) will be
withdrawn from that Interest Funding Sub-Account and remitted to the applicable
Paying Agent(s) or as otherwise provided in the applicable Terms Document.

              (b)    Withdrawals for Foreign Currency Notes with a non-
Performing Derivative Agreement for Interest. On each Interest Payment Date (or
as specified in the applicable Terms Document) with respect to a Tranche of
ONEseries Foreign Currency Notes that has a non-Performing Derivative Agreement
for interest, the amount specified in the applicable Terms Document will be
withdrawn from that Interest Funding Sub-Account and, if so specified in the
applicable Terms Document, converted to the applicable Foreign Currency at the
Spot Exchange Rate and remitted to the applicable Paying Agent(s) or as
otherwise provided in the applicable Terms Document.

              (c)    Withdrawals for ONEseries Discount Notes. On each
applicable Monthly Principal Accrual Date, with respect to each Tranche of
ONEseries Discount Notes, an amount equal to the amount of the accretion of
principal of that Tranche of ONEseries Notes from the prior Monthly Principal
Accrual Date (or, in the case of the first Principal Payment Date, the date of
issuance of that Tranche) to but excluding the applicable Monthly Principal
Accrual Date will be withdrawn from that Interest Funding Sub-Account and paid
to the Issuer to be applied as set forth in Section 3.19.

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<PAGE>

              (d)    Withdrawals for Payments to Derivative Counterparties. On
each date on which a payment is required to be made to the Derivative
Counterparty under the applicable Derivative Agreement (or as specified in the
applicable Terms Document) with respect to any Tranche of ONEseries Notes which
has a Performing or non-Performing Derivative Agreement for interest, an amount
equal to the amount of the payment to be made to the Derivative Counterparty
under the applicable Derivative Agreement (including, if applicable, any overdue
interest payments and any additional interest on overdue interest payments) will
be withdrawn from that Interest Funding Sub-Account and paid to the applicable
Derivative Counterparty or as otherwise provided in the applicable Terms
Document.

              (e)    Excess Amounts. After payment in full of any Tranche of
ONEseries Notes, any amount remaining on deposit in the applicable Interest
Funding Sub-Account will be first, to the extent needed, allocated among and
deposited to the Interest Funding Sub-Account of the Tranches of ONEseries Notes
in the manner, order and priority set forth in subsection 3.04(b), second, to
the extent needed, allocated among and deposited to the Principal Funding
Sub-Account of the Tranches of ONEseries Notes in the manner, order and priority
set forth in subsection 3.13(b), and third, paid to the applicable Transferor.

              If the aggregate amount available for withdrawal from an Interest
Funding Sub-Account for any Tranche of ONEseries Notes in a Monthly Period is
less than all withdrawals required to be made from that Interest Funding
Sub-Account for that Tranche in a Monthly Period after giving effect to all
deposits, then the amounts on deposit in that Interest Funding Sub-Account will
be withdrawn and, if payable to more than one Person, applied pro rata based on
the amount of each of the withdrawals required to be made.

              Section 3.16 Withdrawals from Principal Funding Account.
Withdrawals made pursuant to this Section 3.16 with respect to any Tranche of
ONEseries Notes will be made from the Principal Funding Sub-Accounts established
for that Tranche only after all allocations have been made pursuant to Sections
3.12, 3.13 and 3.14. In no event will the amount of the withdrawal for any
Tranche of ONEseries be more than the amount on deposit in the applicable
Principal Funding Sub-Account. A single Tranche of ONEseries Notes may be
entitled to more than one of the following withdrawals with respect to any
Monthly Period.

              (a)    Withdrawals for ONEseries Dollar Notes with no Derivative
Agreement for Principal. On each applicable Principal Payment Date (or as
specified in the applicable Terms Document) with respect to each Tranche of
ONEseries Dollar Notes which has no Derivative Agreement for principal, an
amount equal to the principal due on the applicable Tranche of ONEseries Notes
on the applicable Principal Payment Date will be withdrawn from such Principal
Funding Sub-Account and remitted to the applicable Paying Agent(s) or as
otherwise provided by the applicable Terms Document.

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<PAGE>

              (b)    Withdrawals for Dollar or Foreign Currency Notes with
Performing Derivative Agreements for Principal. On each date on which a payment
is required under the applicable Derivative Agreement (or as specified in the
applicable Terms Document) with respect to any Tranche of ONEseries Notes which
has a Performing Derivative Agreement for principal, an amount equal to the
amount of the payment to be made under the applicable Derivative Agreement will
be withdrawn from such Principal Funding Sub-Account and paid to the applicable
Derivative Counterparty or as otherwise provided by the applicable Terms
Document. The Issuer will direct the applicable Derivative Counterparty to remit
its payments under the applicable Derivative Agreement to the applicable Paying
Agent(s) or as otherwise provided by the applicable Terms Document.

              (c)    Withdrawals for ONEseries Dollar Notes with a non-
Performing Derivative Agreement for Principal. On each applicable Principal
Payment Date (or as specified in the applicable Terms Documents) with respect to
each Tranche of ONEseries Dollar Notes with a non-Performing Derivative
Agreement for principal, the amount specified in the applicable Terms Document
will be withdrawn from such Principal Funding Sub-Account, converted based on
the applicable Spot Exchange Rate and remitted to the applicable Paying Agent(s)
or as otherwise provided by the applicable Terms Document.

              (d)    Withdrawals for Foreign Currency Notes with non-Performing
Derivative Agreements for Principal. On each Principal Payment Date (or as
specified in the applicable Terms Document) with respect to a Tranche of
ONEseries Foreign Currency Notes that has a non-Performing Derivative Agreement
for principal, the amount specified in the applicable Terms Document will be
withdrawn from such Sub-Account and, if so specified in the applicable Terms
Document, converted to the applicable Foreign Currency at the Spot Exchange Rate
and remitted to the applicable Paying Agent(s) or as otherwise provided by the
applicable Terms Document. Any excess dollar amount will be retained on deposit
in the applicable Principal Funding Sub-Account to be applied to make principal
payments on following Principal Payment Dates.

              (e)    Withdrawal of Prefunding Excess Amounts. If the Issuer on
any date determines with respect to any Class of Class A Notes or Class B Notes
that, after giving effect to all issuances, deposits, allocations,
reimbursements, reallocations and payments on such date, the Prefunding Excess
Amount of that Class is greater than zero, that amount will be withdrawn by the
Servicer from the Principal Funding Sub-Account of that Class of ONEseries Notes
and first, allocated among and deposited to the Principal Funding Sub-Account of
the Tranches of ONEseries Notes in the manner, order and priority set forth in
subsection 3.13(b), and then, paid to the Issuer to be applied as set forth in
Section 3.19 in respect of the Monthly Period in which such withdrawal occurs;
provided, however, that subject to the conditions set forth in Section 3.1 of
the Asset Pool One Supplement, the Servicer need not make such deposit or
payment until the First Note Transfer Date following such Monthly Period.

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<PAGE>

          (f)    Legal Maturity Date. On the Legal Maturity Date of any Tranche
of ONEseries Notes, after giving effect to any deposits, allocations,
reimbursements, reallocations, sales of Collateral or other payments to be made
on that date, amounts on deposit in the Principal Funding Sub-Account of any
Tranche of a Subordinated Class of ONEseries Notes may be applied to pay
principal of that Tranche, to make a payment under a Derivative Agreement with
respect to principal of that Tranche or to make other payments as specified in
the related Terms Document.

          (g)    Excess Amounts. Upon payment in full of any Tranche of
ONEseries Notes, any remaining amount on deposit in the applicable Principal
Funding Sub-Account will be first, allocated among and deposited to the Interest
Funding Sub-Account of the Tranches of ONEseries Notes in the manner, order and
priority set forth in subsection 3.04(b), second, allocated among and deposited
to the Principal Funding Sub-Account of the Tranches of ONEseries Notes in the
manner, order and priority set forth in subsection 3.13(b), and third, paid to
the applicable Transferor.

          If the aggregate amount available for withdrawal from a Principal
Funding Sub-Account for any Tranche of ONEseries Notes is less than all
withdrawals required to be made from that Principal Funding Sub-Account for that
Tranche with respect to a Monthly Period, after giving effect to all deposits to
be made with respect to such Monthly Period, then the amounts on deposit will be
withdrawn and, if payable to more than one Person, applied pro rata based on the
amounts of the withdrawals required to be made.

          Section 3.17   Limit on Deposits to the Principal Funding Sub-Account
of Subordinated Class of ONEseries Notes; Limit on Repayments of all Tranches.

          (a)    Limit on Deposits to the Principal Funding Sub-Account of
Subordinated Class of ONEseries Notes.

                 (i)     No ONEseries Available Principal Collections will be
     deposited in the Principal Funding Sub-Account of any Tranche of Class B
     Notes unless, following such deposit, the available subordinated amount of
     Class B Notes is at least equal to the aggregate Class A Unused
     Subordinated Amount of Class B Notes for all Outstanding Class A Notes. For
     this purpose, the available subordinated amount of Class B Notes is equal
     to the aggregate Nominal Liquidation Amount of all other Class B Notes of
     the ONEseries which will be Outstanding after giving effect to any
     reductions in the Nominal Liquidation Amount of all such Outstanding Class
     B Notes occurring in such Monthly Period.

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<PAGE>

                 (ii)    No ONEseries Available Principal Collections will be
     deposited in the Principal Funding Sub-Account of any Tranche of Class C
     Notes unless, following such deposit, (A) the available subordinated amount
     of Class C Notes is at least equal to the Class B Unused Subordinated
     Amount of Class C Notes for all Outstanding Class B Notes and (B) the
     available subordinated amount of Class C Notes is at least equal to the
     Class A Unused Subordinated Amount of Class C Notes for all Outstanding
     Class A Notes. For this purpose, the available subordinated amount of Class
     C Notes is equal to the aggregate Nominal Liquidation Amount of all other
     Class C Notes of the ONEseries which will be Outstanding after giving
     effect to any reductions in the Nominal Liquidation Amount of all such
     Outstanding Class C Notes occurring in such Monthly Period.

                 (iii)   Notwithstanding anything in the Indenture or this
     Indenture Supplement to the contrary, ONEseries Available Principal
     Collections will be deposited in the Principal Funding Sub-Account of a
     Subordinated Class of ONEseries Notes, if and only to the extent that (A)
     such deposit is not contrary to clause (a)(i) or (a)(ii) above and (B) the
     Prefunding Target Amount for each Senior Class of ONEseries Notes is zero
     or the Prefunding Target Amount has been funded to the extent necessary for
     such Note Transfer Date.

          (b)    Limit on Repayments of all Tranches. No amounts on deposit in a
Principal Funding Sub-Account of any Tranche of Class A Notes or Class B Notes
will be applied to pay principal of that Tranche or to make a payment under a
Derivative Agreement with respect to principal of that Tranche in excess of the
highest Outstanding Dollar Principal Amount of that Tranche (or, in the case of
ONEseries Foreign Currency Notes, such other amount that may be specified in the
related Terms Document). In the case of any Tranche of Class C Notes, no amounts
on deposit in a Principal Funding Sub-Account or, if applicable, a Class C
Reserve Sub-Account for any such Tranche will be applied to pay principal of
that Tranche or to make a payment under a Derivative Agreement with respect to
principal of that Tranche in excess of the highest Outstanding Dollar Principal
Amount of that Tranche (or, in the case of ONEseries Foreign Currency Notes,
such other amount that may be specified in the related Terms Document).

          Section 3.18   Calculation of Nominal Liquidation Amount. On the date
of issuance of a Tranche of ONEseries Notes and on each Business Day thereafter,
the Nominal Liquidation Amount of each Tranche of Outstanding Notes in the
ONEseries shall be the following amount:

          (a)    as of the date of issuance of such Tranche of ONEseries Notes,
the Initial Dollar Principal Amount of such Tranche of ONEseries Notes; and

          (b)    thereafter, the sum of, without duplication:

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<PAGE>

                 (i)     the Nominal Liquidation Amount of such Tranche of
     ONEseries Notes determined on the immediately prior date of determination;
     plus

                 (ii)    with respect to any Tranche of ONEseries Discount
     Notes, the aggregate amount of any accretions of principal on that Tranche
     since the prior date of determination; plus

                 (iii)   the aggregate amount withdrawn from the Principal
     Funding Sub-Account pursuant to subsection 3.16(e) for such Tranche since
     the prior date of determination; plus

                 (iv)    such Tranche's allocable share of all reimbursements of
     its Nominal Liquidation Amount Deficit pursuant to subsection 3.02(d) since
     the prior date of determination determined as set forth in Section 3.07;
     plus

                 (v)     the aggregate initial principal amount of any
     additional Notes of such Tranche of ONEseries Notes issued after the
     initial issuance date for such Tranche of ONEseries Noes; minus

                 (vi)    such Tranche's allocable share of all reallocations of
     ONEseries Available Principal Collections pursuant to Section 3.09 since
     the prior date of determination, determined as set forth in Section 3.11;
     minus

                 (vii)   the amount of the reduction of the Nominal Liquidation
     Amount of such Tranche resulting from an allocation of Investor Charge-Offs
     since the prior date of determination, determined as set forth in Section
     3.06; minus

                 (viii)  the amount deposited in the applicable Principal
     Funding Sub-Account for such Tranche (after giving effect to any deposits,
     allocations, reallocations or withdrawals to be made on that day) since the
     prior date of determination;

provided, however, that (1) the Nominal Liquidation Amount of a Tranche of
ONEseries Notes may never be less than zero, (2) the Nominal Liquidation Amount
of any Tranche of ONEseries Notes may never be greater than the Adjusted
Outstanding Dollar Principal Amount of such Tranche and (3) the Nominal
Liquidation Amount of any Tranche of ONEseries Notes that has caused a sale of
Collateral pursuant to Section 3.22 or which has reached its Legal Maturity Date
will be zero.

          The Nominal Liquidation Amount for the ONEseries will be the sum of
the Nominal Liquidation Amounts of all of the Tranches of ONEseries Notes.

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<PAGE>

          Section 3.19   Reinvestment in the Collateral of Asset Pool One.

          (a)    The amount of principal accreted on any Tranche of ONEseries
Discount Notes available pursuant to subsection 3.15(c) will be applied by the
Issuer in accordance with Section 2.2 of the Asset Pool One Supplement.

          (b)    The portion of the Prefunding Excess Amount, if any, withdrawn
from the Principal Funding Account to be paid to the Issuer pursuant to
subsection 3.16(e) will be applied by the Issuer in accordance with Section 2.2
of the Asset Pool One Supplement.

          Section 3.20   Netting of Deposits and Payments. The Servicer, on
behalf of the Issuer, may, in its sole discretion, make all deposits to Interest
Funding Sub-Accounts and Principal Funding Sub-Accounts pursuant to Sections
3.03 and 3.12 with respect to any Monthly Period net of, and after giving effect
to, (a) all reallocations to be made pursuant to Section 3.09, (b) all payments
to be made to Derivative Counterparties pursuant to Sections 3.15 and 3.16 and
(c) all reinvestments in Asset Pool One to be made pursuant to Section 3.19 in
accordance with Section 2.2 of the Asset Pool One Supplement.

          Section 3.21   Pro Rata Payments within a Tranche. All payments of
principal, interest or other amounts to Holders of the ONEseries Notes of a
single Tranche will be made pro rata based on the Nominal Liquidation Amount of
their Notes.

          Section 3.22   Sale of Collateral for Notes that are Accelerated or
Reach Legal Maturity.

          (a)    (i)     If a Tranche of ONEseries Notes has been accelerated
pursuant to Section 6.02 of the Indenture following an Event of Default, the
Indenture Trustee may, and at the direction of the Holders of more than 66 2/3%
of the Outstanding Dollar Principal Amount of that Tranche of ONEseries Notes
will, cause the Collateral Agent for Asset Pool One to sell Collateral (or
interests therein) pledged to Asset Pool One in a principal amount up to 105% of
the Nominal Liquidation Amount of the affected Tranche (but not more than an
amount of Collateral equal to the sum of (1) the product of (A) the Asset Pool
One Transferor Percentage, (B) the aggregate outstanding Asset Pool One Pool
Balance and (C) a fraction, the numerator of which is the ONEseries Floating
Allocation Percentage and the denominator of which is the sum of the Noteholder
Percentages for the allocation of Asset Pool One Finance Charge Collections for
all Series of Asset Pool One Notes, and (2) the Nominal Liquidation Amount of
the affected Tranche).

                 (ii)    Such a sale will be permitted only if at least one of
     the following conditions is met:

                                       56

<PAGE>

                         (A)    the Holders of more than 90% of the aggregate
          Outstanding Dollar Principal Amount of the accelerated Tranche of
          ONEseries Notes consent; or

                         (B)    the net proceeds of such sale (plus amounts on
          deposit in the applicable Sub-Accounts and payments to be received
          from any applicable Derivative Agreement) would be sufficient to pay
          all amounts due on the accelerated Tranche of ONEseries Notes; or

                         (C)    if the Indenture Trustee determines that the
          funds to be allocated to the accelerated Notes, including (1)
          ONEseries Available Finance Charge Collections and ONEseries Available
          Principal Collections allocable to the accelerated Tranche of
          ONEseries Notes, (2) payments to be received from any applicable
          Derivative Agreement and (3) amounts on deposit in the applicable
          Sub-Accounts, may not be sufficient on an ongoing basis to make all
          payments on the accelerated Tranche of ONEseries Notes as such
          payments would have become due if such obligations had not been
          declared due and payable, and the Holders of more than 66 2/3% of the
          aggregate Outstanding Dollar Principal Amount of Notes of the
          accelerated Tranche of ONEseries Notes consent to the sale.

                 (iii)   In the case of an acceleration of a Tranche of
     ONEseries Notes of a Subordinated Class, if the provisions of Section 3.17
     would prevent the payment of the accelerated Tranche of subordinated Notes,
     such sale will be delayed until a level of prefunding of the Principal
     Funding Sub-Accounts for the Senior Classes of ONEseries Notes has been
     reached such that the amount of such accelerated Tranche is no longer
     required to provide subordination for the Senior Classes of ONEseries
     Notes.

          (b)    If the Nominal Liquidation Amount with respect to any Tranche
of ONEseries Notes is greater than zero on its Legal Maturity Date (after giving
effect to any adjustments, deposits and distributions otherwise to be made on
that Legal Maturity Date), the Collateral Agent for Asset Pool One shall sell or
cause to be sold Collateral (or interests therein) pledged to Asset Pool One on
that Legal Maturity Date in an amount up to 105% of the Nominal Liquidation
Amount of such Tranche of the ONEseries Notes at the close of business on such
date (but not more than an amount of Collateral equal to the sum of (1) the
product of (A) the Asset Pool One Transferor Percentage, (B) the aggregate
outstanding Asset Pool One Pool Balance and (C) a fraction, the numerator of
which is the ONEseries Floating Allocation Percentage and the denominator of
which is the sum of the Noteholder Percentages for the allocation of Asset Pool
One Finance Charge Collections for all Series of Asset Pool One Notes, and (2)
the Nominal Liquidation Amount of the affected Tranche).

                                       57

<PAGE>

     Upon the occurrence of such sale, the Nominal Liquidation Amount of such
Tranche of ONEseries Notes shall be automatically reduced to zero and Available
Principal Collections and Available Finance Charge Collections shall no longer
be allocated to such Tranche of ONEseries Notes. Noteholders of such Tranche of
ONEseries Notes shall receive the proceeds of such sale in an amount not to
exceed the Outstanding Dollar Principal Amount of, plus any accrued, past due
and additional interest on, such Tranche of ONEseries Notes.

          (c)    Sales proceeds received with respect to a Tranche of ONEseries
Notes pursuant to clause (a) or (b) will be allocated in the following priority:

                 (i)     first, to be deposited in the Principal Funding
     Sub-Account for that Tranche of ONEseries Notes, an amount up to the amount
     that would be necessary to increase the aggregate amount on deposit in such
     Sub-Account to the Outstanding Dollar Principal Amount for such Tranche of
     ONEseries Notes (notwithstanding any limitation in Section 3.12 to the
     contrary); and

                 (ii)    second, to be deposited in the Interest Funding
     Sub-Account of that Tranche of ONEseries Notes, the balance of such sales
     proceeds.

          (d)    Any amount remaining on deposit in the Interest Funding
Sub-Account for a Tranche of ONEseries Notes that has caused a sale of
Collateral pursuant to this Section 3.22 after final payment thereof pursuant to
Section 6.03 of the Indenture, will be treated as ONEseries Available Finance
Charge Collections.

          Section 3.23   Calculation of Prefunding Target Amount.

          (a)    With respect to all Tranches of Class A Notes, the Prefunding
Target Amount means the greater of the amount computed under clause (i) or (ii)
for the applicable Monthly Period:

                 (i)     The Prefunding Target Amount for Tranches of Class A
     Notes with respect to Class B Notes for any Monthly Period is equal to an
     amount, not less than zero, equal to the product of (x) the aggregate
     Adjusted Outstanding Dollar Principal Amount of Class A Notes as of the
     close of business on the last day of such Monthly Period (taking into
     consideration any deposits or withdrawals to be made on any Note Transfer
     Date in the immediately succeeding Monthly Period) times (y) one minus a
     fraction (which shall not exceed one) the numerator of which is the
     aggregate Adjusted Outstanding Dollar Principal Amount of all Tranches of
     Outstanding Class B Notes (taking into consideration any deposits or
     withdrawals to be made on any Note Transfer Date in the immediately
     succeeding Monthly Period) (other than Tranches which have (A) had Early
     Amortization Events or other mandatory or optional redemption events in
     which such

                                       58

<PAGE>

     Tranches are to be redeemed in full in or with respect to any preceding
     Monthly Period, (B) had Events of Default in or with respect to any
     preceding Monthly Period, or (C) reached or are expected to reach their
     final or only Scheduled Principal Payment Date in or with respect to the
     current Monthly Period or any earlier Monthly Period) and the denominator
     of which is the aggregate amount of the Class A Required Subordinated
     Amount of Class B Notes for all Tranches of Class A Notes which are
     Outstanding as of the close of business on the last day of such Monthly
     Period (taking into consideration any deposits or withdrawals to be made on
     any Note Transfer Date in the immediately succeeding Monthly Period).

                 (ii)    The Prefunding Target Amount for Tranches of Class A
     Notes with respect to Class C Notes for any Monthly Period is equal to an
     amount, not less than zero, equal to the product of (x) the aggregate
     Adjusted Outstanding Dollar Principal Amount of Class A Notes as of the
     close of business on the last day of such Monthly Period (taking into
     consideration any deposits or withdrawals to be made on any Note Transfer
     Date in the immediately succeeding Monthly Period) times (y) one minus a
     fraction (which shall not exceed one) the numerator of which is the
     aggregate Adjusted Outstanding Dollar Principal Amount of all Tranches of
     Outstanding Class C Notes (taking into consideration any deposits or
     withdrawals to be made on any Note Transfer Date in the immediately
     succeeding Monthly Period) (other than Tranches which have (A) had Early
     Amortization Events or other mandatory or optional redemption events in
     which such Tranches are to be redeemed in full in or with respect to any
     preceding Monthly Period, (B) had Events of Default in or with respect to
     any preceding Monthly Period, or (C) reached or are expected to reach their
     final or only Scheduled Principal Payment Date in or with respect to the
     current Monthly Period or any earlier Monthly Period) and the denominator
     of which is the aggregate amount of the Class A Required Subordinated
     Amount of Class C Notes for all Tranches of Class A Notes which are
     Outstanding as of the close of business on the last day of such Monthly
     Period (taking into consideration any deposits or withdrawals to be made on
     any Note Transfer Date in the immediately succeeding Monthly Period).

          (b)    With respect to all Tranches of Class B Notes, the Prefunding
Target Amount means with respect to Class C Notes for any Monthly Period an
amount, not less than zero, equal to the product of (x) the aggregate Adjusted
Outstanding Dollar Principal Amount of Class B Notes as of the close of business
on the last day of such Monthly Period (taking into consideration any deposits
or withdrawals to be made on any Note Transfer Date in the immediately
succeeding Monthly Period) times (y) one minus a fraction (which shall not
exceed one) the numerator of which is the aggregate Adjusted Outstanding Dollar
Principal Amount of all Tranches of Outstanding Class C Notes (taking into
consideration any deposits or withdrawals to be made on any Note Transfer Date
in the immediately succeeding Monthly Period) (other than Tranches which have
(A) had Early Amortization Events or other mandatory or optional

                                       59

<PAGE>

redemption events in which such Tranches are to be redeemed in full in or with
respect to any preceding Monthly Period, (B) had Events of Default in or with
respect to any preceding Monthly Period, or (C) reached or are expected to reach
their final or only Scheduled Principal Payment Date in or with respect to the
current Monthly Period or any earlier Monthly Period) and the denominator of
which is the aggregate amount of the Class B Required Subordinated Amount of
Class C Notes for all Tranches of Class B Notes which are Outstanding as of the
close of business on the last day of such Monthly Period (taking into
consideration any deposits or withdrawals to be made on any Note Transfer Date
in the immediately succeeding Monthly Period).

          (c) On any day during any Monthly Period on which the Prefunding
Target Amount for any Tranche of senior notes first exceeds zero, the Issuer
will apply Segregated ONEseries Finance Charge Collections, as set forth in
subsection 3.05(a)(i).

          Section 3.24 Targeted Deposits to the Class C Reserve Account.

          (a) The aggregate deposit targeted to be made to the Class C Reserve
Account with respect to each Monthly Period is an amount equal to the sum of
Class C Reserve Sub-Account deposits, if any, targeted to be made for each
specified Tranche of Class C Notes on the applicable Note Transfer Date in the
immediately succeeding Monthly Period. The amount of any such deposit, the
aggregate amount targeted to be on deposit after giving effect to any such
deposit and the circumstances that require that a deposit be made will be set
forth in the Terms Document for such Tranche of Class C Notes. Unless another
time is specified for making such deposits in the Terms Document for each such
Tranche of Class C Notes, these deposits will be made on each applicable Note
Transfer Date for that Tranche of Class C Notes.

          (b) If, as determined on each Determination Date, the amount of funds
which will be available on the applicable Note Transfer Date for a Tranche of
Class C Notes pursuant to subsection 3.02(e) is at least equal to the aggregate
amount of the deposits targeted by clause (a) above, then the full amount of
each such deposit will be made.

          (c) If, as determined on each Determination Date, the amount of funds
which will be available on the applicable Note Transfer Date for a Tranche of
Class C Notes pursuant to subsection 3.02(e) is less than the aggregate amount
of deposits targeted by clause (a) above, then the amount available will be
allocated to each Tranche of Class C Notes to the extent of its targeted deposit
to the applicable Class C Reserve Sub-Account pro rata based on the ratio of the
Nominal Liquidation Amount of that Tranche used in the ONEseries Floating
Allocation Percentage for the immediately preceding Monthly Period to the
Nominal Liquidation Amount of all Tranches of Class C Notes used in the
ONEseries Floating Allocation Percentage for the immediately preceding Monthly
Period that have a targeted deposit to its respective Class C Reserve
Sub-Account; provided, however, that any excess identified in this clause (c),
including

                                       60

<PAGE>

in the application of this proviso, will be further allocated to each
Tranche of Class C Notes which has a remaining targeted deposit to its Class C
Reserve Sub-Account up to the amount of such remaining targeted deposit pro rata
based on the ratio of the Nominal Liquidation Amount of such Tranche of Class C
Notes used in the ONEseries Floating Allocation Percentage for the immediately
preceding Monthly Period to the Nominal Liquidation Amount of all Tranches of
Class C Notes used in the ONEseries Floating Allocation Percentage for the
immediately preceding Monthly Period.

          Section 3.25 Withdrawals from the Class C Reserve Account. Withdrawals
for any Tranche of Class C Notes will be made from the applicable Class C
Reserve Sub-Account as specified below.

          (a) Payments of Interest; Payments with Respect to Derivative
Agreements for Interest, Accretion on ONEseries Discount Notes. If the amount on
deposit in the Interest Funding Sub-Account for any Tranche of Class C Notes is
insufficient to pay in full the amounts for which withdrawals are required under
Section 3.15, on the Note Transfer Date for a Tranche of Class C Notes, an
amount equal to that deficiency will be withdrawn from the Class C Reserve
Sub-Account for such Tranche and deposited into that Interest Funding
Sub-Account.

          (b) Payments of Principal; Payments with Respect to Derivative
Agreements for Principal. If, on and after the earliest to occur of (i) the date
on which any Tranche of Class C Notes is accelerated pursuant to Section 6.02 of
the Indenture following an Event of Default and acceleration of maturity with
respect to such Tranche, (ii) any date on or after the Note Transfer Date
related to the Scheduled Principal Payment Date for such Tranche of Class C
Notes on which the amount on deposit in the Principal Funding Sub-Account for
any Tranche of Class C Notes plus the aggregate amount on deposit in the Class C
Reserve Sub-Account for such Tranche of Class C Notes equals or exceeds the
Outstanding Dollar Principal Amount of such Class C Notes and (iii) the Legal
Maturity Date for any Tranche of Class C Notes, the amount on deposit in the
Principal Funding Sub-Account for any Tranche of Class C Notes is insufficient
to pay in full the amounts for which withdrawals are required under Section
3.16, an amount equal to that deficiency will be withdrawn from that Class C
Reserve Sub-Account for such Tranche of Class C Notes and deposited into that
Principal Funding Sub-Account on the Note Transfer Date for such Tranche of
Class C Notes relating to the date of the applicable withdrawal required
pursuant to Section 3.16.

          (c) Withdrawal of Excess Amounts. If on any Note Transfer Date for a
Tranche of Class C Notes with respect to which no Class C Notes have been
accelerated, and the aggregate amount on deposit in any Class C Reserve
Sub-Account exceeds the amount required to be on deposit in such Class C Reserve
Sub-Account, the amount of such excess will be withdrawn from the Class C
Reserve Sub-Account and first, allocated among and deposited to the other Class
C Reserve Sub-Accounts of the Tranches of Class C Notes in the manner, order

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<PAGE>

and priority set forth in subsection 3.24(c), and then, paid to the Issuer. Upon
payment in full of any Tranche of Class C Notes, any amount on deposit in the
applicable Class C Reserve Sub-Account will be applied in accordance with the
preceding sentence.

          Section 3.26 Computation of Interest.

          Unless otherwise provided as contemplated in Section 3.01 of the
Indenture, (i) interest on the ONEseries Notes computed at a fixed rate will be
calculated on the basis of a 360-day year of twelve 30-day months, as set forth
more completely in the applicable Terms Document, and (ii) interest on the
ONEseries Notes computed on the basis of a floating or periodic rate will be
calculated on the basis of the actual number of days elapsed from and including
the preceding Interest Payment Date to but excluding the current Interest
Payment Date and a 360-day year.

          Section 3.27 Shared Excess Available Finance Charge Collections.

          (a) The ONEseries shall be included in Shared Excess Available Finance
Charge Collections Group A for the purpose of sharing Shared Excess Available
Finance Charge Collections. Shared Excess Available Finance Charge Collections
Group A may include Series secured by the collateral in Asset Pools other than
Asset Pool One. Shared Excess Available Finance Charge Collections allocable to
the ONEseries with respect to any Monthly Period shall be treated as ONEseries
Available Finance Charge Collections with respect to such Monthly Period and
applied on the First Note Transfer Date in the immediately succeeding Monthly
Period.

          (b) Unless otherwise provided pursuant to the terms of Section 3.12 of
the Indenture, Shared Excess Available Finance Charge Collections with respect
to any Monthly Period shall be shared within Shared Excess Available Finance
Charge Collections Group A to cover the applicable Series Available Finance
Charge Collections Shortfalls for such Monthly Period, if any, and applied on
the applicable Note Transfer Date in the immediately succeeding Monthly Period
for each Series included in Shared Excess Available Finance Charge Collections
Group A for such Monthly Period. Shared Excess Available Finance Charge
Collections allocable to the ONEseries with respect to each Monthly Period shall
mean an amount equal to the Series Available Finance Charge Collections
Shortfall, if any, with respect to the ONEseries for each Monthly Period;
provided, however, that if the aggregate amount of Shared Excess Available
Finance Charge Collections for all Shared Excess Available Finance Charge
Collections Series in Shared Excess Available Finance Charge Collections Group A
for each Monthly Period is less than the Aggregate Series Available Finance
Charge Collections Shortfall for such Monthly Period, then Shared Excess
Available Finance Charge Collections allocable to the ONEseries with respect to
such Monthly Period shall equal the product of (i) Shared Excess Available
Finance Charge Collections for all Shared Excess Available Finance Charge
Collec-

                                       62

<PAGE>

tions Series in Shared Excess Available Finance Charge Collections Group A for
such Monthly Period and (ii) a fraction, the numerator of which is the Series
Available Finance Charge Collections Shortfall with respect to the ONEseries for
such Monthly Period and the denominator of which is the Aggregate Series
Available Finance Charge Collections Shortfall for all Series in Shared Excess
Available Finance Charge Collections Group A for such Monthly Period.

          (c) To the extent that Shared Excess Available Finance Charge
Collections exceed the Aggregate Series Available Finance Charge Collections
Shortfall, such excess shall be paid to the Issuer.

          Section 3.28 Shared Excess Available Principal Collections.

          (a) Shared Excess Available Principal Collections from each Series of
Asset Pool One Notes and the Excess Funding Amount for Asset Pool One shall be
shared among each Series of Asset Pool One Notes, including the ONEseries.
Shared Excess Available Principal Collections allocable to the ONEseries with
respect to any Monthly Period shall be treated as ONEseries Available Principal
Collections for such Monthly Period and applied on the applicable Note Transfer
Date in the immediately succeeding Monthly Period.

          (b) Shared Excess Available Principal Collections with respect to any
Monthly Period shall be shared by each Series of Asset Pool One Notes to cover
the applicable Series Available Principal Collections Shortfalls, if any, for
each Series of Asset Pool One Notes for such Monthly Period and applied on the
applicable Note Transfer Date in the immediately succeeding Monthly Period.
Shared Excess Available Principal Collections allocable to the ONEseries with
respect to any Monthly Period shall mean an amount equal to the Series Available
Principal Collections Shortfall, if any, with respect to the ONEseries for such
Monthly Period; provided, however, that if the aggregate amount of Shared Excess
Available Principal Collections for all Series of Asset Pool One Notes for such
Monthly Period is less than the Aggregate Series

Available Principal Collections Shortfall for such Monthly Period, then Shared
Excess Available Principal Collections allocable to the ONEseries with respect
to such Monthly Period shall equal the product of (i) Shared Excess Available
Principal Collections for all Series of Asset Pool One Notes for such Monthly
Period and (ii) a fraction, the numerator of which is the Series Available
Principal Collections Shortfall with respect to the ONEseries for such Monthly
Period and the denominator of which is the Aggregate Series Available Principal
Collections Shortfall for such Monthly Period.

          (c) Unless otherwise specified in the Indenture Supplement for any
other Series of Asset Pool One Notes, any Shared Excess Available Principal
Collections for each Series of Asset Pool One Notes for any Monthly Period which
will remain after application pursuant to clause (b) above shall be treated as
part of the Asset Pool One Reinvestment Amount for the First Note Transfer Date
in the next succeeding Monthly Period. The Shared Excess

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<PAGE>

Available Principal Collections from Series of Asset Pool One Notes will not be
available for application by Series of Notes that are not Asset Pool One Notes.

          Section 3.29 Payment of Principal Collections Received with Respect to
Remaining Series Available Principal Collections Shortfall from Asset Pool One
Collateral Certificates.

          (a) Following application of Shared Excess Available Principal
Collections pursuant to Section 3.28, Asset Pool One Collateral Certificate
Principal Shortfall Payments shall be shared among each Series of Asset Pool One
Notes, including the ONEseries. Asset Pool One Collateral Certificate Principal
Shortfall Payments allocable to the ONEseries with respect to any Monthly Period
shall be treated as ONEseries Available Principal Collections with respect to
such Monthly Period and applied on the applicable Note Transfer Date in the next
succeeding Monthly Period.

          (b) Asset Pool One Collateral Certificate Principal Shortfall Payments
shall be shared by each Series of Asset Pool One Notes to cover the Remaining
Series Available Principal Collections Shortfall, if any, for each Series of
Asset Pool One Notes for such Monthly Period; provided, however, that if the
aggregate amount of Asset Pool One Collateral Certificate Principal Shortfall
Payments is less than the Aggregate Remaining Series Available Principal
Collections Shortfall for such Monthly Period, then Asset Pool One Collateral
Certificate Principal Shortfall Payments allocable to the ONEseries for such
Monthly Period shall equal the product of (i) the Asset Pool One Collateral
Certificate Principal Shortfall Payments for such Monthly Period and (ii) a
fraction, the numerator of which is the Remaining Series Available Principal
Collections Shortfall with respect to the ONEseries for such Monthly Period and
the denominator of which is the Aggregate Remaining Series Available Principal
Collections Shortfall for such Monthly Period.

          Section 3.30 Allocations of Segregated ONEseries Finance Charge
Collections.

          Segregated ONEseries Finance Charge Collections shall be allocable to
cover the Principal Funding Sub-Account Earnings Shortfall, if any, with respect
to each Tranche of ONEseries Notes for such Monthly Period. Segregated ONEseries
Finance Charge Collections to be applied for the benefit of ONEseries Notes with
respect to any Note Transfer Date shall mean an amount equal to the lesser of
(i) the sum of the Principal Funding Sub-Account Earnings Shortfall for all
Tranches of ONEseries Notes with respect to such Monthly Period and (ii) the
Segregated ONEseries Finance Charge Collections for the related Monthly Period.

          Section 3.31 Final Payment. Each Class or Tranche of ONEseries Notes,
as applicable, will be considered to be paid in full, the Holders of such Class
or Tranche of ONEseries Notes, as applicable, will have no further right or
claim, and the Issuer will have no

                                       64

<PAGE>

further obligation or liability with respect to such Class or Tranche of
ONEseries Notes, as applicable, on the earliest to occur of:

          (a) the date of the payment in full of the Outstanding Dollar
Principal Amount of and all accrued, past due and additional interest on that
Class or Tranche of ONEseries Notes, as applicable;

          (b) the date on which the Outstanding Dollar Principal Amount of such
ONEseries Notes, after giving effect to all deposits, allocations,
reimbursements, reallocations, sales of Collateral and payments to be made on
such date, is reduced to zero, and all accrued, past due and additional interest
on such ONEseries Notes is paid in full;

          (c) on the Legal Maturity Date of such Class or Tranche of ONEseries
Notes, after giving effect to all deposits, allocations, reimbursements,
reallocations, sales of Collateral and payments to be made on such date; or

          (d) the date on which a sale of assets has taken place with respect to
such Tranche of ONEseries Notes as set forth in Section 3.22.

                              [END OF ARTICLE III]

                                       65

<PAGE>

                                   ARTICLE IV

                           Early Amortization of Notes

          Section 4.01 Early Amortization Events.

          (a)  In addition to the events identified as Early Amortization Events
in Section 11.01 of the Indenture, the occurrence of any of the following events
(each, an "Early Amortization Event") will result in an early amortization event
for the ONEseries Notes:

               (i)   if the average Excess Spread Percentage for any three
     consecutive Monthly Periods is less than the Required Excess Spread
     Percentage;

               (ii)  if (x) the Issuer fails to add additional Collateral to
     Asset Pool One or (y) the Invested Amount of an existing Asset Pool One
     Collateral Certificate is not increased when either action is required
     pursuant to the Asset Pool One Supplement;

               (iii) if any Master Owner Trust Servicer Default occurs which
     would have a material adverse effect on the ONEseries Noteholders; or

               (iv)  if (x) any Asset Pool One Restriction Event shall have
     occurred and (y) (1) the Asset Pool One Pool Balance for the Monthly Period
     in which such Asset Pool One Restriction Event shall have occurred or any
     Monthly Period thereafter as determined with respect to each Monthly Period
     on the following Determination Date, calculated without giving effect to
     (I) the Invested Amount of any Asset Pool One Collateral Certificate with
     respect to which an Asset Pool One Restriction Event has occurred and (II)
     any Asset Pool One Principal Receivables arising in any Asset Pool One
     Account with respect to which an Asset Pool One Restriction Event has
     occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance
     for such Monthly Period or (2) the Asset Pool One Transferor Amount for the
     Monthly Period in which such Asset Pool One Restriction Event shall have
     occurred or any Monthly Period thereafter as determined with respect to
     each Monthly Period on the following Determination Date, calculated without
     giving effect to (I) the Invested Amount of any Asset Pool One Collateral
     Certificate with respect to which an Asset Pool One Restriction Event has
     occurred and (II) any Asset Pool One Principal Receivables arising in any
     Asset Pool One Account with respect to which an Asset Pool One Restriction
     Event has occurred, does not equal or exceed the Asset Pool One Required
     Transferor Amount for such Monthly Period, and in each case within 10 days
     of the applicable Determination Date the Issuer shall fail to add
     additional Collateral to Asset Pool One or increase the Invested Amount of
     an Asset Pool One Collateral Certificate in a sufficient amount such that
     the Asset Pool One Pool Balance equals or exceeds the Asset Pool One
     Minimum Pool Balance for the

                                       66

<PAGE>

     Monthly Period in which the Asset Pool One Restriction Event occurred and
     the Asset Pool One Transferor Amount equals or exceeds the Asset Pool One
     Required Transferor Amount for the Monthly Period in which the Asset Pool
     One Restriction Event occurred, each as calculated after giving effect to
     the reductions specified in clauses (y)(1)(I) and (y)(1)(II), or (y)(2)(I)
     and (y)(2)(II) above and after giving effect to such additions or increases
     as if made prior to the close of business on the last day of the applicable
     Monthly Period.

          (b) In addition, the Terms Document for any Tranche of ONEseries Notes
may list additional events which are "Early Amortization Events" with respect to
such Tranche of ONEseries Notes.

                               [END OF ARTICLE IV]

                                       67

<PAGE>

                                    ARTICLE V

                          Bank Accounts and Investments

          Section 5.01 Bank Accounts.

          (a) On or before the Closing Date, the Issuer will cause to be
established and maintained three Qualified Bank Accounts denominated as follows:
the "Interest Funding Account," the "Principal Funding Account," and the "Class
C Reserve Account" in the name of the Collateral Agent, bearing a designation
clearly indicating that the funds deposited therein are held for the benefit of
the ONEseries Noteholders (or, in the case of the Class C Reserve Account, for
the benefit of the Class C Noteholders). The Interest Funding Account, the
Principal Funding Account and the Class C Reserve Account constitute
Supplemental Bank Accounts and shall be under the sole dominion and control of
the Collateral Agent for the benefit of the ONEseries Noteholders (or, in the
case of the Class C Reserve Account, for the benefit of the Class C
Noteholders). If, at any time, the institution holding any of the Interest
Funding Account, the Principal Funding Account or the Class C Reserve Account
ceases to be a Qualified Institution, the Issuer will within 10 Business Days
(or such longer period, not to exceed 30 calendar days, as to which each Note
Rating Agency may consent) establish a new Interest Funding Account, Principal
Funding Account or Class C Reserve Account, as the case may be, that is a
Qualified Bank Account and shall transfer any cash and/or investments to such
new Interest Funding Account, Principal Funding Account or Class C Reserve
Account, as the case may be. From the date such new Interest Funding Account,
Principal Funding Account or Class C Reserve Account is established, it will be
the "Interest Funding Account," "Principal Funding Account" or "Class C Reserve
Account," as the case may be. Each Tranche of ONEseries Notes will have its own
Sub-Account within the Interest Funding Account, the Principal Funding Account
and, in the case of the Class C Notes, the Class C Reserve Account. The Interest
Funding Account, the Principal Funding Account, and the Class C Reserve Account
will receive deposits pursuant to Article III.

          (b) Notwithstanding any provision of subsection 4.03(a) of the
Indenture to the contrary, any prefunded amounts on deposit in the Principal
Funding Account will be invested in Permitted Investments that will mature no
later than the following applicable Note Transfer Date.

          (c) All payments to be made from time to time by the Indenture Trustee
to Noteholders out of funds in the Interest Funding Account, the Principal
Funding Account or the Class C Reserve Account pursuant to this Indenture
Supplement will be made by the Indenture Trustee to the Paying Agent not later
than 1:00 p.m. New York City time on the applicable Interest Payment Date or
Principal Payment Date but only to the extent of available funds in the
applicable Sub-Account or as otherwise provided in Article III.

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<PAGE>

     (d) On each applicable Note Transfer Date for a Tranche of Class C Notes,
all interest and earnings (net of losses and investment expenses) accrued since
the preceding Note Transfer Date for such Tranche of Class C Notes on funds on
deposit in the Class C Reserve Account will be retained in the Class C Reserve
Account (to the extent that the sum of the amount on deposit in the Class C
Reserve Account with respect to the related Monthly Period is less than the
required balance for the Class C Reserve Account for that Monthly Period) and
the excess, if any, will be paid to the Issuer.

     (e) Notwithstanding the definition of "Permitted Investments" in the
Indenture, Permitted Investments in the Class C Reserve Account shall be
required to have a rating from Moody's and Standard & Poor's of at least "P-2"
and "A-2," respectively, and, if rated by Fitch, at least "F2" from Fitch.

                               [END OF ARTICLE V]

                                       69

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed, and their respective corporate seals to be
hereunto affixed and attested, all as of the day and year first above written.

                       BANK ONE ISSUANCE TRUST, as Issuer

                       By: FIRST USA BANK, NATIONAL
                           ASSOCIATION, as Beneficiary and not in its individual
                           capacity

                       By: /s/ Stephen R. Etherington
                           ----------------------------------------------------
                           Name:  Stephen R. Etherington
                           Title: First Vice President

                       WELLS FARGO BANK MINNESOTA, NATIONAL
                       ASSOCIATION, as Indenture Trustee and
                       Collateral Agent for Asset Pool One and
                       not in its individual capacity

                       By: /s/ Jennifer C. Davis
                           ----------------------------------------------------
                           Name:  Jennifer C. Davis
                           Title: Assistant Vice President

<PAGE>
STATE OF DELAWARE )
                  )  ss:
COUNTY OF CASTLE  )

     On this __ day of ______, 200_, before me personally came ______________, a
_________ of ____________, to me known to be the person described in and who
executed the foregoing instrument, and duly acknowledged that [he][she] executed
the same for the purposes therein contained, and acknowledged the same to be
[his][her] free act and deed.

______________________________
Name

______________________________
[Notarial Seal]

                                       71

<PAGE>

STATE OF NEW YORK     )
                      )    ss:
COUNTY OF NEW YORK    )

     On [ ], [ ], before me personally came [ ], to me known, who, being by me
duly sworn, did depose and say that [he][she] resides at [ ]; that [he][she] is
of [         ], one of the parties described in and which executed the above
instrument; that [he][she] knows the corporate seal of said corporation; that
the seal affixed to that instrument is such corporate seal; that it was affixed
by authority of the board of directors of the corporation; and that [he][she]
signed his name thereto by like authority.

_______________________
Name

_______________________
[Notarial Seal]

                                       72

<PAGE>

                                                                    Exhibit A-1
                                                                    -----------

                              FORM OF CLASS A NOTE

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT
WILL NOT AT ANY TIME INSTITUTE AGAINST THE BANK ONE ISSUANCE TRUST, FIRST USA
BANK, NATIONAL ASSOCIATION OR THE FIRST USA CREDIT CARD MASTER TRUST, OR JOIN IN
ANY INSTITUTION AGAINST THE BANK ONE ISSUANCE TRUST, FIRST USA BANK, NATIONAL
ASSOCIATION OR THE FIRST USA CREDIT CARD MASTER TRUST, IN, ANY BANKRUPTCY
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW
IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES OR THE INDENTURE.

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A
BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL INTEREST
THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS OF FIRST USA BANK, NATIONAL
ASSOCIATION FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME.

                                     A-1-1

<PAGE>

REGISTERED                                                    up to $_________*

No. __                                                     CUSIP NO. __________

                             BANK ONE ISSUANCE TRUST

                                 [Floating Rate]

                       ONEseries CLASS A(200[.]-[.]) NOTE

     Bank One Issuance Trust, a statutory business trust created under the laws
of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to CEDE & CO., or registered assigns, subject
to the following provisions, a principal sum of _______________________ payable
on the __________ ____ Payment Date (the "Scheduled Principal Payment Date"),
except as otherwise provided below or in the Indenture; provided, however, that
the entire unpaid principal amount of this Note shall be due and payable on the
_________ ____ Payment Date (the "Legal Maturity Date"). Interest will accrue on
this Note at the rate of LIBOR plus _____% per annum, as more specifically set
forth in the Class A(200[ ]-[ ]) Terms Document, dated as of ________, 2002
(the "Terms Document"), between the Issuer, the Indenture Trustee and the
Collateral Agent, and shall be due and payable on each Interest Payment Date
from the Monthly Interest Accrual Date in the related Monthly Period (or, in the
case of the first Interest Payment Date, from and including the date of issuance
of this Note) to but excluding the first Monthly Interest Accrual Date after the
end of that Monthly Period. Interest will be computed on the basis of a 360-day
year [and the actual number of days elapsed] [consisting of twelve 30-day
months]. Such principal of and interest on this Note shall be paid in the manner
specified on the reverse hereof.

     The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the Issuer
with respect to this Note shall be applied first to interest due and payable on
this Note as provided above and then to the unpaid principal of this Note.

     Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

     Unless the certificate of authentication hereon has been executed by the
Indenture Trustee whose name appears below by manual signature, this Note shall
not be entitled to any benefit under the Indenture referred to on the reverse
hereof, or be valid or obligatory for any purpose.

_________________

*   Denominations of $100,000 and in integral multiples of $1,000 in excess
    thereof.

                                      A-1-2

<PAGE>

     IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed,
manually or in facsimile, by its Authorized Officer.

                             BANK ONE ISSUANCE TRUST, as Issuer

                             By:    FIRST USA BANK, NATIONAL ASSOCIATION, not in
                                    its individual capacity but solely as
                                    Beneficiary under the Trust Agreement

                             By:    ________________________________________
                                    Name:
                                    Title:

                             Date:  _______ __, ____

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

     This is one of the Notes designated above and referred to in the
within-mentioned Indenture.

                             WELLS FARGO BANK MINNESOTA, NATIONAL
                             ASSOCIATION,  not in its individual capacity
                             but solely as Indenture Trustee

                             By:    ____________________________________
                                    Name:
                                    Title:

                             Date   _______ __, ____

                                     A-1-3

<PAGE>

                                [REVERSE OF NOTE]

                  This Class A Note is one of the Notes of a duly authorized
issue of Notes of the Issuer, designated as its "ONEseries Class A Notes"
(herein called the "Notes"), all issued under an Indenture dated as of May 1,
2002 (such indenture, as supplemented or amended, is herein called the
"Indenture") between the Issuer and Wells Fargo Bank Minnesota, National
Association, as indenture trustee (the "Indenture Trustee," which term includes
and successor Indenture Trustee under the Indenture), as supplemented by an
Asset Pool One Supplement dated as of May 1, 2002 (the "Asset Pool One
Supplement"), a ONEseries Indenture Supplement dated as of May 1, 2002 (the
"Indenture Supplement") and the Terms Document, each between the Issuer and
Wells Fargo Bank Minnesota, National Association, as Indenture Trustee and
collateral agent (the "Collateral Agent"), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights and obligations thereunder of the Issuer, the Indenture Trustee, the
Collateral Agent and the Holders of the Notes. The Notes are subject to all
terms of the Indenture. All terms used in this Note that are defined in the
Indenture, as supplemented or amended, shall have the meanings assigned to them
in or pursuant to the Indenture, as so supplemented or amended.

                  Although a summary of certain provisions of the Indenture is
set forth below, this Note is qualified in its entirety by the terms and
provisions of the Indenture and reference is made to that Indenture for
information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and obligations of
the Indenture Trustee.

                  The Class B Notes and the Class C Notes will also be issued
under the Indenture.

                  The Notes are and will be equally and ratably secured by the
collateral pledged as security therefor as provided in the Indenture and the
Asset Pool One Supplement.

                  Principal of this Note will be payable on the Scheduled
Principal Payment Date in an amount described on the face hereof, subject to the
provisions of the Indenture.

                  As described above, the entire unpaid principal amount of this
Note shall be due and payable on the Legal Maturity Date. Notwithstanding the
foregoing, the entire unpaid principal amount of the Notes shall be due and
payable on the date on which an Event of Default relating solely to the
non-payment of interest on the Notes shall have occurred and be continuing and
the Indenture Trustee or the Holders of more than 66 2/3% of the Outstanding
Dollar Principal Amount of the Notes have declared the Notes to be immediately
due and payable in the manner provided in Section 6.02 of the Indenture;
provided, however, that such acceleration of the entire unpaid principal amount
of the Notes may be rescinded by the holders of more than 66 2/3% of the
Outstanding Dollar Principal Amount of the Notes. All principal payments on the
Notes shall be made pro rata to the Noteholders entitled thereto.

                  On any Payment Date on or after the Payment Date on which the
aggregate Nominal Liquidation Amount (after giving effect to all payments on
such Payment Date) of any tranche of Notes is reduced to less than 10% of its
highest Outstanding Dollar Principal Amount at any time, the Servicer has the
right, but not the obligation, to redeem such class of Notes in whole but not in
part, pursuant to Section 11.02 of the Indenture. The redemption price of class
of Notes will equal 100% of the Outstand-

                                     A-1-4

<PAGE>

ing Dollar Principal Amount of such Tranche plus accrued, unpaid and additional
interest or principal accreted and unpaid on such Tranche to but excluding the
date of redemption.

                  Subject to the terms and conditions of the Indenture, the
Issuer may, from time to time, issue one or more series of Notes secured by one
or more asset pools. Subject to the terms of the Asset Pool One Supplement, the
Issuer may, from time to time, issue one or more series of Notes secured by
Asset Pool One. Subject to the terms and conditions of the Indenture Supplement,
the Issuer may, from time to time, issuer one or more Tranches of ONEseries
Notes.

                  On each Payment Date, the Paying Agent shall distribute to
each Noteholder of record on the related Record Date (except for the final
distribution with respect to this Note) such Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest and principal on the Notes. Final payments of this
Note will be made only upon presentation and surrender of this Note at the
office or offices therein specified.

                  Payments of interest on this Note due and payable on each
Interest Payment Date, together with the installment of principal, if any, due
and payable on each Principal Payment Date, to the extent not in full payment of
this Note, shall be made by check mailed to the Person whose name appears as the
Registered Holder of this Note (or one or more Predecessor Notes) on the Note
Register as of the close of business on each Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of the
clearing agency (initially, such nominee to be Cede & Co.), payments will be
made by wire transfer in immediately available funds to the account designated
by such nominee. Such checks shall be mailed to the Person entitled thereto at
the address of such Person as it appears on the Note Register as of the
applicable Record Date without requiring that this Note be submitted for
notation of payment. Any reduction in the principal amount of this Note (or any
one or more Predecessor Notes) effected by any payments made on any Payment Date
shall be binding upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange hereof or in lieu
hereof, whether or not noted hereon. If funds are expected to be available, as
provided in the Indenture, for payment in full of the then remaining unpaid
principal amount of this Note on a Payment Date, then the Indenture Trustee, in
the name of and on behalf of the Issuer, will notify the Person who was the
Registered Holder hereof as of the Record Date preceding such Payment Date by
notice mailed within five days of such Payment Date and the amount then due and
payable shall be payable only upon presentation and surrender of this Note at
the Indenture Trustee's principal Corporate Trust Office or at the office of the
Indenture Trustee's agent appointed for such purposes located in the City of New
York. On any payment of interest or principal being made, details of such
payment shall be entered by the Indenture Trustee on behalf of the Issuer in
Schedule A hereto.

                  As provided in the Indenture and subject to certain
limitations set forth therein, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or his
attorney duly authorized in writing, with such signature guaranteed by a
commercial bank or trust company located, or having a correspondent located, in
the City of New York or the city in which the Corporate Trust Office is located,
or a member firm of a national securities exchange, and such other documents as
the Indenture Trustee may require, and thereupon one or more

                                     A-1-5

<PAGE>

new Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any such registration
of transfer or exchange.

                  Each Noteholder or Note Owner, by acceptance of a Note or, in
the case of a Note Owner, a beneficial interest in a Note covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the
obligations of the Issuer, the Owner Trustee or the Indenture Trustee on the
Notes or under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Indenture Trustee, the Collateral Agent or
the Owner Trustee in its individual capacity, (ii) any owner of a beneficial
interest in the Issuer or (iii) any partner, owner, beneficiary, agent, officer,
director or employee of the Indenture Trustee, the Collateral Agent or the Owner
Trustee in its individual capacity, any holder of a beneficial interest in the
Issuer, the Owner Trustee, the Collateral Agent or the Indenture Trustee or of
any successor or assign of the Indenture Trustee, the Collateral Agent or the
Owner Trustee in its individual capacity, except as any such Person may have
expressly agreed and except that any such partner, owner or beneficiary shall be
fully liable, to the extent provided by applicable law, for any unpaid
consideration for stock, unpaid capital contribution or failure to pay any
installment or call owing to such entity.

                  Each Noteholder or Note Owner, by acceptance of a Note or, in
the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder will not at
any time institute against First USA Bank, National Association, First USA
Credit Card Master Trust or the Issuer, or join with any institution against
First USA Bank, National Association, First USA Credit Card Master Trust or the
Issuer, any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings, or other proceedings under any United States Federal or state
bankruptcy or similar law in connection with any obligations relating to the
Notes, the Indenture, the Asset Pool One Supplement, the ONEseries Indenture
Supplement, the Terms Document or any Derivative Agreement.

                  Prior to the due presentment for registration of transfer of
this Note, the Issuer, the Indenture Trustee and any agent of the Issuer or the
Indenture Trustee may treat the Person in whose name this Note (as of the day of
determination or as of such other date as may be specified in the Indenture) is
registered as the owner hereof for all purposes, whether or not this Note be
overdue, and neither the Issuer, the Indenture Trustee nor any such agent shall
be affected by notice to the contrary.

                  The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and
obligations of the Issuer and the rights of the Holders of the Notes under the
Indenture at any time by the Issuer with the consent of the Holders of Notes
representing more than 66 2/3% of the Outstanding Dollar Principal Amount of the
Notes. The Indenture also contains provisions permitting the Holders of Notes
representing specified percentages of the Outstanding Dollar Principal Amount of
the Notes, on behalf of the Holders of all the Notes, to waive compliance by the
Issuer with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder
of this Note (or any one of more Predecessor Notes) shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of

                                     A-1-6

<PAGE>

any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made upon
this Note. The Indenture also permits the Indenture Trustee to amend or waive
certain terms and conditions set forth in the Indenture without the consent of
Holders of the Notes issued thereunder.

                  The term "Issuer" as used in this Note includes any successor
to the Issuer under the Indenture.

                  The Issuer is permitted by the Indenture, under certain
circumstances, to merge or consolidate, subject to the rights of the Indenture
Trustee and the Holders of Notes under the Indenture.

                  The Notes are issuable only in registered form in
denominations as provided in the Indenture, subject to certain limitations
therein set forth.

                  THIS NOTE AND THE INDENTURE WILL BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, 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.

                  No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of and interest on
this Note at the times, place, and rate, and in the coin or currency herein
prescribed.

                  No recourse may be taken, directly or indirectly, with respect
to the obligations of the Issuer on the Notes or under the Indenture or any
certificate or other writing delivered in connection herewith or therewith,
against (i) the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer or (iii) any partner, owner, beneficiary,
agent, officer, director, employee or agent of the Owner Trustee in its
individual capacity, any holder of a beneficial interest in the Issuer or the
Owner Trustee or of any successor or assign of the Owner Trustee in its
individual capacity, except as any such Person may have expressly agreed (it
being understood that the Owner Trustee has no such obligations in its
individual capacity). The Holder of this Note by the acceptance hereof agrees
that, except as expressly provided in the Indenture, the Asset Pool One
Supplement, the ONEseries Indenture Supplement and the Terms Document, in the
case of an Event of Default under the Indenture, the Holder shall have no claim
against any of the foregoing for any deficiency, loss or claim therefrom;
provided, however, that nothing contained herein shall be taken to prevent
recourse to, and enforcement against, the assets of the Issuer for any and all
liabilities, obligations and undertakings contained in the Indenture or in this
Note.

         Notwithstanding the allocation provisions of the Indenture, the Asset
Pool One Supplement, each additional Asset Pool Supplement, the ONEseries
Indenture Supplement and the indenture supplements for each other Series of
Notes, if any, to the extent that the ONEseries Noteholders are deemed to have
any interest in any assets of the Issuer allocated to other Notes, each
Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note
Owner, a beneficial interest in a Note, shall agree that their interest in those
assets is subordinate to claims or rights of such other Noteholders to those
other assets.

                                     A-1-7

<PAGE>

Further, each Noteholder or Note Owner, by acceptance of a Note, or in the case
of a Note Owner, a beneficial interest in a Note, shall agree that such
agreement constitutes a subordination agreement for purposes of Section 510(a)
of the Bankruptcy Code.

                                     A-1-8

<PAGE>

                                   ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee
________________________________________________________________________________

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

--------------------------------------------------------------------------------
(name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints attorney, to transfer said Note on the books kept for registration
thereof, with full power of substitution in the premises.

Dated:__________________________

____________________________________*
Signature Guaranteed:

____________________
* NOTE: The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                     A-1-9

<PAGE>

                                                                      SCHEDULE A

                                     PART I

                                INTEREST PAYMENTS

<TABLE>
<CAPTION>
                                                                                        Confirmation
                                            Total Amount of                             of payment by
     Interest              Date of             Interest              Amount of          or on behalf
   Payment Date            Payment             Payable             Interest Paid        of the Trust
--------------------    ------------     --------------------     ---------------     -----------------
<S>                      <C>               <C>                    <C>                    <C>
First ..............

Second .............

[continue numbering
until the
appropriate number
of interest payment
dates for the Notes
is reached]
</TABLE>

                                     A-1-10

<PAGE>

                                     PART II

                               PRINCIPAL PAYMENTS

                                                              Confirmation of
    Date of                                                   payment by or on
    Payment      Total Amount Payable   Total Amount Paid   behalf of the Trust
--------------   --------------------   -----------------   -------------------

                                                               Confirmation of
    Date of                                                   payment by or on
    Payment      Total Amount Payable   Total Amount Paid    behalf of the Trust
--------------   --------------------   -----------------    -------------------

[continue numbering
until the appropriate
number of installment
dates for the Notes is
reached]

                                     A-1-11

<PAGE>

                                                                     Exhibit A-2
                                                                     -----------

                              FORM OF CLASS B NOTE

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT
WILL NOT AT ANY TIME INSTITUTE AGAINST THE BANK ONE ISSUANCE TRUST, FIRST USA
BANK, NATIONAL ASSOCIATION OR THE FIRST USA CREDIT CARD MASTER TRUST, OR JOIN IN
ANY INSTITUTION AGAINST THE BANK ONE ISSUANCE TRUST, FIRST USA BANK, NATIONAL
ASSOCIATION OR THE FIRST USA CREDIT CARD MASTER TRUST, IN, ANY BANKRUPTCY
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW
IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES OR THE INDENTURE.

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A
BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL INTEREST
THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS OF FIRST USA BANK, NATIONAL
ASSOCIATION FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME.

                                     A-2-1

<PAGE>

REGISTERED                                                     up to $_________*

No. __                                                      CUSIP NO. __________

                             BANK ONE ISSUANCE TRUST

                                 [Floating Rate]

                       ONEseries CLASS B(200[.]-[.]) NOTE

                  Bank One Issuance Trust, a statutory business trust created
under the laws of the State of Delaware (herein referred to as the "Issuer"),
for value received, hereby promises to pay to CEDE & CO., or registered assigns,
subject to the following provisions, a principal sum of _______________________
payable on the __________ ____ Payment Date (the "Scheduled Principal Payment
Date"), except as otherwise provided below or in the Indenture; provided,
however, that the entire unpaid principal amount of this Note shall be due and
payable on the _________ ____ Payment Date (the "Legal Maturity Date"). Interest
will accrue on this Note at the rate of LIBOR plus _____% per annum, as more
specifically set forth in the Class B(200[ ]-[ ]) Terms Document, dated as of
________, 2002 (the "Terms Document"), between the Issuer, the Indenture Trustee
and the Collateral Agent, and shall be due and payable on each Interest Payment
Date from the Monthly Interest Accrual Date in the related Monthly Period (or,
in the case of the first Interest Payment Date, from and including the date of
issuance of this Note) to but excluding the first Monthly Interest Accrual Date
after the end of that Monthly Period. Interest will be computed on the basis of
a 360-day year [and the actual number of days elapsed] [consisting of twelve
30-day months]. Such principal of and interest on this Note shall be paid in the
manner specified on the reverse hereof.

                  The principal of and interest on this Note are payable in such
coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. All payments made by the
Issuer with respect to this Note shall be applied first to interest due and
payable on this Note as provided above and then to the unpaid principal of this
Note.

                  Reference is made to the further provisions of this Note set
forth on the reverse hereof, which shall have the same effect as though fully
set forth on the face of this Note.

                  Unless the certificate of authentication hereon has been
executed by the Indenture Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to
on the reverse hereof, or be valid or obligatory for any purpose.

________________________

    *   Denominations of $100,000 and in integral multiples of $1,000 in excess
thereof.

                                     A-2-2

<PAGE>

                  IN WITNESS WHEREOF, the Issuer has caused this instrument to
be signed, manually or in facsimile, by its Authorized Officer.

                                     BANK ONE ISSUANCE TRUST, as Issuer

                                     By:  FIRST USA BANK, NATIONAL ASSOCIATION,
                                          not in its individual capacity but
                                          solely as Beneficiary under the Trust
                                          Agreement

                                     By:  __________________________
                                          Name:
                                          Title:

                                     Date:   _______ __, ____

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

                  This is one of the Notes designated above and referred to in
the within-mentioned Indenture.

                                     WELLS FARGO BANK MINNESOTA, NATIONAL
                                     ASSOCIATION, not in its individual capacity
                                     but solely as Indenture Trustee

                                     By:  ____________________________________
                                          Name:
                                          Title:

                                     Date:   _______ __, ____

                                     A-2-3

<PAGE>

                                [REVERSE OF NOTE]

                  This Class B Note is one of the Notes of a duly authorized
issue of Notes of the Issuer, designated as its "ONEseries Class B Notes"
(herein called the "Notes"), all issued under an Indenture dated as of May 1,
2002 (such indenture, as supplemented or amended, is herein called the
"Indenture") between the Issuer and Wells Fargo Bank Minnesota, National
Association, as indenture trustee (the "Indenture Trustee,"which term includes
any successor Indenture Trustee under the Indenture), as supplemented by an
Asset Pool One Supplement dated as of May 1, 2002, a ONEseries Indenture
Supplement dated as of May 1, 2002 (the "Indenture Supplement") and the Class B
Terms Document, each between the Issuer and Wells Fargo Bank Minnesota, National
Association, as Indenture Trustee and collateral agent (the "Collateral Agent"),
to which Indenture and all indentures supplemental thereto reference is hereby
made for a statement of the respective rights and obligations thereunder of the
Issuer, the Indenture Trustee, the Collateral Agent and the Holders of the
Notes. The Notes are subject to all terms of the Indenture. All terms used in
this Note that are defined in the Indenture, as supplemented or amended, shall
have the meanings assigned to them in or pursuant to the Indenture, as so
supplemented or amended.

                  Although a summary of certain provisions of the Indenture is
set forth below, this Note is qualified in its entirety by the terms and
provisions of the Indenture and reference is made to that Indenture for
information with respect to the interests, rights, benefits, obligations,
proceeds and duties evidenced hereby and the rights, duties and obligations of
the Indenture Trustee.

                  The Class A Notes and the Class C Notes will also be issued
under the Indenture.

                  The Notes are and will be equally and ratably secured by the
collateral pledged as security therefor as provided in the Indenture and the
Asset Pool One Supplement.

                  Principal of this Note will be payable on the Scheduled
Principal Payment Date in an amount described on the face hereof, subject to the
provisions of the Indenture.

                  As described above, the entire unpaid principal amount of this
Note shall be due and payable on the Legal Maturity Date. Notwithstanding the
foregoing, the entire unpaid principal amount of the Notes shall be due and
payable on the date on which an Event of Default relating solely to the
non-payment of interest on the Notes shall have occurred and be continuing and
the Indenture Trustee or the Holders of more than 66 2/3% of the Outstanding
Dollar Principal Amount of the Notes have declared the Notes to be immediately
due and payable in the manner provided in Section 6.02 of the Indenture;
provided, however, that such acceleration of the entire unpaid principal amount
of the Notes may be rescinded by the holders of more than 66 2/3% of the
Outstanding Dollar Principal Amount of the Notes. All principal payments on the
Notes shall be made pro rata to the Noteholders entitled thereto.

                  On any Payment Date on or after the Payment Date on which the
aggregate Nominal Liquidation Amount (after giving effect to all payments on
such Payment Date) of any class of Notes is reduced to less than 10% of its
highest Outstanding Dollar Principal Amount at any time, the Servicer has the
right, but not the obligation, to redeem such class of Notes in whole but not in
part, pursuant to Section 11.02 of the Indenture. The redemption price of such
Notes will equal 100% of the Outstanding

                                     A-2-4

<PAGE>

Dollar Principal Amount of such Tranche plus accrued, unpaid and additional
interest or principal accreted and unpaid on such Tranche to but excluding the
date of redemption.

                  Subject to the terms and conditions of the Indenture, the
Issuer may, from time to time, issue one or more series of Notes secured by one
or more asset pools. Subject to the terms of the Asset Pool One Supplement, the
Issuer may, from time to time, issue one or more series of Notes secured by
Asset Pool One. Subject to the terms and conditions of the Indenture Supplement,
the Issuer may, from time to time, issuer one or more Tranches of ONEseries
Notes.

                  On each Payment Date, the Paying Agent shall distribute to
each Noteholder of record on the related Record Date (except for the final
distribution with respect to this Note) such Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest and principal on the Notes. Final payments of this
Note will be made only upon presentation and surrender of this Note at the
office or offices therein specified.

                  Payments of interest on this Note due and payable on each
Interest Payment Date, together with the installment of principal, if any, due
and payable on each Principal Payment Date, to the extent not in full payment of
this Note, shall be made by check mailed to the Person whose name appears as the
Registered Holder of this Note (or one or more Predecessor Notes) on the Note
Register as of the close of business on each Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of the
clearing agency (initially, such nominee to be Cede & Co.), payments will be
made by wire transfer in immediately available funds to the account designated
by such nominee. Such checks shall be mailed to the Person entitled thereto at
the address of such Person as it appears on the Note Register as of the
applicable Record Date without requiring that this Note be submitted for
notation of payment. Any reduction in the principal amount of this Note (or any
one or more Predecessor Notes) effected by any payments made on any Payment Date
shall be binding upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange hereof or in lieu
hereof, whether or not noted hereon. If funds are expected to be available, as
provided in the Indenture, for payment in full of the then remaining unpaid
principal amount of this Note on a Payment Date, then the Indenture Trustee, in
the name of and on behalf of the Issuer, will notify the Person who was the
Registered Holder hereof as of the Record Date preceding such Payment Date by
notice mailed within five days of such Payment Date and the amount then due and
payable shall be payable only upon presentation and surrender of this Note at
the Indenture Trustee's principal Corporate Trust Office or at the office of the
Indenture Trustee's agent appointed for such purposes located in the City of New
York. On any payment of interest or principal being made, details of such
payment shall be entered by the Indenture Trustee on behalf of the Issuer in
Schedule A hereto.

                  As provided in the Indenture and subject to certain
limitations set forth therein, the transfer of this Note may be registered on
the Note Register upon surrender of this Note for registration of transfer at
the office or agency designated by the Issuer pursuant to the Indenture, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Indenture Trustee duly executed by, the Holder hereof or his
attorney duly authorized in writing, with such signature guaranteed by a
commercial bank or trust company located, or having a correspondent located, in
the City of New York or the city in which the Corporate Trust Office is located,
or a member firm of a national securities exchange, and such other documents as
the Indenture Trustee may require, and thereupon one or more

                                     A-2-5

<PAGE>

new Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any such registration
of transfer or exchange.

                  Each Noteholder or Note Owner, by acceptance of a Note or, in
the case of a Note Owner, a beneficial interest in a Note covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the
obligations of the Issuer, the Owner Trustee or the Indenture Trustee on the
Notes or under the Indenture or any certificate or other writing delivered in
connection therewith, against (i) the Indenture Trustee, the Collateral Agent or
the Owner Trustee in its individual capacity, (ii) any owner of a beneficial
interest in the Issuer or (iii) any partner, owner, beneficiary, agent, officer,
director or employee of the Indenture Trustee, the Collateral Agent or the Owner
Trustee in its individual capacity, any holder of a beneficial interest in the
Issuer, the Owner Trustee, the Collateral Agent or the Indenture Trustee or of
any successor or assign of the Indenture Trustee, the Collateral Agent or the
Owner Trustee in its individual capacity, except as any such Person may have
expressly agreed and except that any such partner, owner or beneficiary shall be
fully liable, to the extent provided by applicable law, for any unpaid
consideration for stock, unpaid capital contribution or failure to pay any
installment or call owing to such entity.

                  Each Noteholder or Note Owner, by acceptance of a Note or, in
the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder will not at
any time institute against First USA Bank, National Association, First USA
Credit Card Master Trust or the Issuer, or join with any institution against
First USA Bank, National Association, First USA Credit Card Master Trust or the
Issuer, any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings, or other proceedings under any United States Federal or state
bankruptcy or similar law in connection with any obligations relating to the
Notes, the Indenture, the Asset Pool One Supplement, the ONEseries Indenture
Supplement, the Terms Agreement or any Derivative Agreement.

                  Prior to the due presentment for registration of transfer of
this Note, the Issuer, the Indenture Trustee and any agent of the Issuer or the
Indenture Trustee may treat the Person in whose name this Note (as of the day of
determination or as of such other date as may be specified in the Indenture) is
registered as the owner hereof for all purposes, whether or not this Note be
overdue, and neither the Issuer, the Indenture Trustee nor any such agent shall
be affected by notice to the contrary.

                  The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and
obligations of the Issuer and the rights of the Holders of the Notes under the
Indenture at any time by the Issuer with the consent of the Holders of Notes
representing more than 66 2/3% of the Outstanding Dollar Principal Amount of the
Notes. The Indenture also contains provisions permitting the Holders of Notes
representing specified percentages of the Outstanding Dollar Principal Amount of
the Notes, on behalf of the Holders of all the Notes, to waive compliance by the
Issuer with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder
of this Note (or any one of more Predecessor Notes) shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of

                                     A-2-6

<PAGE>

any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made upon
this Note. The Indenture also permits the Indenture Trustee to amend or waive
certain terms and conditions set forth in the Indenture without the consent of
Holders of the Notes issued thereunder.

                  The term "Issuer" as used in this Note includes any successor
to the Issuer under the Indenture.

                  The Issuer is permitted by the Indenture, under certain
circumstances, to merge or consolidate, subject to the rights of the Indenture
Trustee and the Holders of Notes under the Indenture.

                  The Notes are issuable only in registered form in
denominations as provided in the Indenture, subject to certain limitations
therein set forth.

                  THIS NOTE AND THE INDENTURE WILL BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, 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.

                  No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of and interest on
this Note at the times, place, and rate, and in the coin or currency herein
prescribed.

                  No recourse may be taken, directly or indirectly, with respect
to the obligations of the Issuer on the Notes or under the Indenture or any
certificate or other writing delivered in connection herewith or therewith,
against (i) the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer or (iii) any partner, owner, beneficiary,
agent, officer, director, employee or agent of the Owner Trustee in its
individual capacity, any holder of a beneficial interest in the Issuer or the
Owner Trustee or of any successor or assign of the Owner Trustee in its
individual capacity, except as any such Person may have expressly agreed (it
being understood that the Owner Trustee has no such obligations in its
individual capacity). The Holder of this Note by the acceptance hereof agrees
that, except as expressly provided in the Indenture, the Asset Pool One
Supplement, the ONEseries Indenture Supplement and the Terms Document, in the
case of an Event of Default under the Indenture, the Holder shall have no claim
against any of the foregoing for any deficiency, loss or claim therefrom;
provided, however, that nothing contained herein shall be taken to prevent
recourse to, and enforcement against, the assets of the Issuer for any and all
liabilities, obligations and undertakings contained in the Indenture or in this
Note.

         Notwithstanding the allocation provisions of the Indenture, the Asset
Pool One Supplement, each additional Asset Pool Supplement, the ONEseries
Indenture Supplement and the indenture supplements for each other Series of
Notes, if any, to the extent that the ONEseries Noteholders are deemed to have
any interest in any assets of the Issuer allocated to other Notes, each
Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note
Owner, a beneficial interest in a Note, shall agree that their interest in those
assets is subordinate to claims or rights of such other Noteholders to those
other assets.

                                     A-2-7

<PAGE>

Further, each Noteholder or Note Owner, by acceptance of a Note, or in the case
of a Note Owner, a beneficial interest in a Note, shall agree that such
agreement constitutes a subordination agreement for purposes of Section 510(a)
of the Bankruptcy Code.

                                     A-2-8

<PAGE>

                                   ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee

_______________________________________________________________________________

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

________________________________________________________________________________
(name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints attorney, to transfer said Note on the books kept for registration
thereof, with full power of substitution in the premises.

Dated:__________________________

 ____________________________________*
Signature Guaranteed:

______________
* NOTE: The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                     A-2-9

<PAGE>
                                                                      SCHEDULE A

                                     PART I

                                INTEREST PAYMENTS

<TABLE>
<CAPTION>
                                                                     Confirmation
                                    Total Amount of                 of payment by
      Interest            Date of      Interest      Amount of       or on behalf
     Payment Date         Payment      Payable      Interest Paid    of the Trust
----------------------- ----------- --------------- --------------- -------------
<S>                      <C>         <C>               <C>             <C>
First..................

Second.................

[continue numbering
until the appropriate
number of interest
payment dates for
the Notes is reached]
</TABLE>

                                     A-2-10

<PAGE>

                                     PART II

                               PRINCIPAL PAYMENTS

                                                           Confirmation of
  Date of                                                  payment by or on
  Payment     Total Amount Payable  Total Amount Paid    behalf of the Trust
-----------  ---------------------  ------------------  ---------------------

                                                           Confirmation of
  Date of                                                  payment by or on
  Payment    Total Amount Payable   Total Amount Paid    behalf of the Trust
-----------  --------------------   ------------------  ---------------------

[continue numbering
until the appropriate
number of installment
dates for the Notes is
reached]

                                     A-2-11

<PAGE>

                                                                     Exhibit A-3
                                                                     -----------

                              FORM OF CLASS C NOTE

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT
WILL NOT AT ANY TIME INSTITUTE AGAINST THE BANK ONE ISSUANCE TRUST, FIRST USA
BANK, NATIONAL ASSOCIATION OR THE FIRST USA CREDIT CARD MASTER TRUST, OR JOIN
ANY INSTITUTION AGAINST THE BANK ONE ISSUANCE TRUST, FIRST USA BANK, NATIONAL
ASSOCIATION OR THE FIRST USA CREDIT CARD MASTER TRUST, IN, ANY BANKRUPTCY
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW
IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES OR THE INDENTURE.

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A
BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL INTEREST
THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS OF FIRST USA BANK, NATIONAL
ASSOCIATION FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME.

                                     A-3-1

<PAGE>

REGISTERED                                                     up to $_________*

No. __                                                      CUSIP NO. __________

                             BANK ONE ISSUANCE TRUST

                                 [Floating Rate]

                       ONEseries CLASS C(200[.]-[.]) NOTE

          Bank One Issuance Trust, a statutory business trust created under the
laws of the State of Delaware (herein referred to as the "Issuer"), for value
received, hereby promises to pay to CEDE & CO., or registered assigns, subject
to the following provisions, a principal sum of _______________________ payable
on the __________ ____ Payment Date (the "Scheduled Principal Payment Date"),
except as otherwise provided below or in the Indenture; provided, however, that
the entire unpaid principal amount of this Note shall be due and payable on the
_________ ____ Payment Date (the "Legal Maturity Date"). Interest will accrue on
this Note at the rate of LIBOR plus _____% per annum, as more specifically set
forth in the Class C(200[o ]-[o ]) Terms Docuement, dated as of ________, 2002
(the "Terms Document"), between the Issuer, the Indenture Trustee and the
Collateral Agent, and shall be due and payable on each Interest Payment Date
from the Monthly Interest Accrual Date in the related Monthly Period (or, in the
case of the first Interest Payment Date, from and including the date of issuance
of this Note) to but excluding the first Monthly Interest Accrual Date after the
end of that Monthly Period. Interest will be computed on the basis of a 360-day
year [and the actual number of days elapsed] [consisting of twelve 30-day
months]. Such principal of and interest on this Note shall be paid in the manner
specified on the reverse hereof.

          The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts. All payments made by the Issuer
with respect to this Note shall be applied first to interest due and payable on
this Note as provided above and then to the unpaid principal of this Note.

          Reference is made to the further provisions of this Note set forth on
the reverse hereof, which shall have the same effect as though fully set forth
on the face of this Note.

          Unless the certificate of authentication hereon has been executed by
the Indenture Trustee whose name appears below by manual signature, this Note
shall not be entitled to any benefit under the Indenture referred to on the
reverse hereof, or be valid or obligatory for any purpose.

_______________

     *    Denominations of $100,000 and in integral multiples of $1,000 in
excess therof.

                                     A-3-2

<PAGE>

          IN WITNESS WHEREOF, the Issuer has caused this instrument to be
signed, manually or in facsimile, by its Authorized Officer.

                    BANK ONE ISSUANCE TRUST,
                    as Issuer

                         By:  FIRST USA BANK, NATIONAL ASSOCIATION,
                              not in its individual capacity but solely as
                              Beneficiary under the Trust Agreement

                         By: ______________________________________
                             Name:
                             Title:

                         Date: _______ __, ____

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the Notes designated above and referred to in the
within-mentioned Indenture.

                         WELLS FARGO BANK MINNESOTA, NATIONAL
                         ASSOCIATION, not in its individual capacity but solely
                         as Indenture Trustee

                         By: ______________________________________
                             Name:
                             Title:

                         Date: _______ __, ____

                                     A-3-3

<PAGE>

                                [REVERSE OF NOTE]

          This Class C Note is one of the Notes of a duly authorized issue of
Notes of the Issuer, designated as its "ONEseries Class C Notes" (herein called
the "Notes"), all issued under an Indenture dated as of May 1, 2002 (such
indenture, as supplemented or amended, is herein called the "Indenture") between
the Issuer and Wells Fargo Bank Minnesota, National Association, as indenture
trustee (the "Indenture Trustee," which term includes any successor Indenture
Trustee under the Indenture), as supplemented by an Asset Pool One Supplement,
dated as of May 1, 2002, a ONEseries Indenture Supplement dated as of May 1,
2002 (the "Indenture Supplement") and the Terms Document, between the Issuer and
Wells Fargo Bank Minnesota, National Association, as Indenture Trustee and
collateral agent (the "Collateral Agent"), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights and obligations thereunder of the Issuer, the Indenture Trustee, the
Collateral Agent and the Holders of the Notes. The Notes are subject to all
terms of the Indenture. All terms used in this Note that are defined in the
Indenture, as supplemented or amended, shall have the meanings assigned to them
in or pursuant to the Indenture, as so supplemented or amended.

          Although a summary of certain provisions of the Indenture is set forth
below, this Note is qualified in its entirety by the terms and provisions of the
Indenture and reference is made to that Indenture for information with respect
to the interests, rights, benefits, obligations, proceeds and duties evidenced
hereby and the rights, duties and obligations of the Indenture Trustee.

          The Class A Notes and the Class B Notes will also be issued under the
Indenture.

          The Notes are and will be equally and ratably secured by the
collateral pledged as security therefor as provided in the Indenture and the
Asset Pool One Supplement.

          Principal of this Note will be payable on the Scheduled Principal
Payment Date in an amount described on the face hereof, subject to the
provisions of the Indenture.

          As described above, the entire unpaid principal amount of this Note
shall be due and payable on the Legal Maturity Date. Notwithstanding the
foregoing, the entire unpaid principal amount of the Notes shall be due and
payable on the date on which an Event of Default relating solely to the
non-payment of interest on the Notes shall have occurred and be continuing and
the Indenture Trustee or the Holders of more than 66 2/3% of the Outstanding
Dollar Principal Amount of the Notes have declared the Notes to be immediately
due and payable in the manner provided in Section 6.02 of the Indenture;
provided, however, that such acceleration of the entire unpaid principal amount
of the Notes may be rescinded by the holders of more than 66 2/3% of the
Outstanding Dollar Principal Amount of the Notes. All principal payments on the
Notes shall be made pro rata to the Noteholders entitled thereto.

          On any Payment Date on or after the Payment Date on which the
aggregate Nominal Liquidation Amount (after giving effect to all payments on
such Payment Date) of any class of Notes is reduced to less than 10% of its
highest Outstanding Dollar Principal Amount at any time, the Servicer has the
right, but not the obligation, to redeem such class of Notes in whole but not in
part, pursuant to Section 11.02 of the Indenture. The redemption price of such
Notes will equal 100% of the Outstanding

                                     A-3-4

<PAGE>

Dollar Principal Amount of such Tranche plus accrued, unpaid and additional
interest or principal accreted and unpaid on such Tranche to but excluding the
date of redemption.

          Subject to the terms and conditions of the Indenture, the Issuer may,
from time to time, issue one or more series of Notes secured by one or more
asset pools. Subject to the terms of the Asset Pool One Supplement, the Issuer
may, from time to time, issue one or more series of Notes secured by Asset Pool
One. Subject to the terms and conditions of the Indenture Supplement, the Issuer
may, from time to time, issuer one or more Tranches of ONEseries Notes.

          On each Payment Date, the Paying Agent shall distribute to each
Noteholder of record on the related Record Date (except for the final
distribution with respect to this Note) such Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest and principal on the Notes. Final payments of this
Note will be made only upon presentation and surrender of this Note at the
office or offices therein specified.

          Payments of interest on this Note due and payable on each Interest
Payment Date, together with the installment of principal, if any, due and
payable on each Principal Payment Date, to the extent not in full payment of
this Note, shall be made by check mailed to the Person whose name appears as the
Registered Holder of this Note (or one or more Predecessor Notes) on the Note
Register as of the close of business on each Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of the
clearing agency (initially, such nominee to be Cede & Co.), payments will be
made by wire transfer in immediately available funds to the account designated
by such nominee. Such checks shall be mailed to the Person entitled thereto at
the address of such Person as it appears on the Note Register as of the
applicable Record Date without requiring that this Note be submitted for
notation of payment. Any reduction in the principal amount of this Note (or any
one or more Predecessor Notes) effected by any payments made on any Payment Date
shall be binding upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange hereof or in lieu
hereof, whether or not noted hereon. If funds are expected to be available, as
provided in the Indenture, for payment in full of the then remaining unpaid
principal amount of this Note on a Payment Date, then the Indenture Trustee, in
the name of and on behalf of the Issuer, will notify the Person who was the
Registered Holder hereof as of the Record Date preceding such Payment Date by
notice mailed within five days of such Payment Date and the amount then due and
payable shall be payable only upon presentation and surrender of this Note at
the Indenture Trustee's principal Corporate Trust Office or at the office of the
Indenture Trustee's agent appointed for such purposes located in the City of New
York. On any payment of interest or principal being made, details of such
payment shall be entered by the Indenture Trustee on behalf of the Issuer in
Schedule A hereto.

          As provided in the Indenture and subject to certain limitations set
forth therein, the transfer of this Note may be registered on the Note Register
upon surrender of this Note for registration of transfer at the office or agency
designated by the Issuer pursuant to the Indenture, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Indenture Trustee duly executed by, the Holder hereof or his attorney duly
authorized in writing, with such signature guaranteed by a commercial bank or
trust company located, or having a correspondent located, in the City of New
York or the city in which the Corporate Trust Office is located, or a member
firm of a national securities exchange, and such other documents as the
Indenture Trustee may require, and thereupon one or more

                                     A-3-5

<PAGE>

new Notes of authorized denominations and in the same aggregate principal amount
will be issued to the designated transferee or transferees. No service charge
will be charged for any registration of transfer or exchange of this Note, but
the transferor may be required to pay a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any such registration
of transfer or exchange.

          Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note covenants and agrees that no
recourse may be taken, directly or indirectly, with respect to the obligations
of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or under
the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee, the Collateral Agent or the Owner
Trustee in its individual capacity, (ii) any owner of a beneficial interest in
the Issuer or (iii) any partner, owner, beneficiary, agent, officer, director or
employee of the Indenture Trustee, the Collateral Agent or the Owner Trustee in
its individual capacity, any holder of a beneficial interest in the Issuer, the
Owner Trustee, the Collateral Agent or the Indenture Trustee or of any successor
or assign of the Indenture Trustee, the Collateral Agent or the Owner Trustee in
its individual capacity, except as any such Person may have expressly agreed and
except that any such partner, owner or beneficiary shall be fully liable, to the
extent provided by applicable law, for any unpaid consideration for stock,
unpaid capital contribution or failure to pay any installment or call owing to
such entity.

          Each Noteholder or Note Owner, by acceptance of a Note or, in the case
of a Note Owner, a beneficial interest in a Note, covenants and agrees that by
accepting the benefits of the Indenture that such Noteholder will not at any
time institute against First USA Bank, National Association, First USA Credit
Card Master Trust or the Issuer, or join with any institution against First USA
Bank, National Association, First USA Credit Card Master Trust or the Issuer,
any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings, or other proceedings under any United States Federal or state
bankruptcy or similar law in connection with any obligations relating to the
Notes, the Indenture, the Asset Pool One Supplement, the ONEseries Indenture
Supplement, the Terms Document or any Derivative Agreement.

          Prior to the due presentment for registration of transfer of this
Note, the Issuer, the Indenture Trustee and any agent of the Issuer or the
Indenture Trustee may treat the Person in whose name this Note (as of the day of
determination or as of such other date as may be specified in the Indenture) is
registered as the owner hereof for all purposes, whether or not this Note be
overdue, and neither the Issuer, the Indenture Trustee nor any such agent shall
be affected by notice to the contrary.

          The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing more
than 66_% of the Outstanding Dollar Principal Amount of the Notes. The Indenture
also contains provisions permitting the Holders of Notes representing specified
percentages of the Outstanding Dollar Principal Amount of the Notes, on behalf
of the Holders of all the Notes, to waive compliance by the Issuer with certain
provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Note (or
any one of more Predecessor Notes) shall be conclusive and binding upon such
Holder and upon all future Holders of this Note and of

                                     A-3-6

<PAGE>

any Note issued upon the registration of transfer hereof or in exchange hereof
or in lieu hereof whether or not notation of such consent or waiver is made upon
this Note. The Indenture also permits the Indenture Trustee to amend or waive
certain terms and conditions set forth in the Indenture without the consent of
Holders of the Notes issued thereunder.

               The term "Issuer" as used in this Note includes any successor to
the Issuer under the Indenture.

               The Issuer is permitted by the Indenture, under certain
circumstances, to merge or consolidate, subject to the rights of the Indenture
Trustee and the Holders of Notes under the Indenture.

               The Notes are issuable only in registered form in denominations
as provided in the Indenture, subject to certain limitations therein set forth.

               THIS NOTE AND THE INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, 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.

               No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of and interest on
this Note at the times, place, and rate, and in the coin or currency herein
prescribed.

               No recourse may be taken, directly or indirectly, with respect to
the obligations of the Issuer on the Notes or under the Indenture or any
certificate or other writing delivered in connection herewith or therewith,
against (i) the Owner Trustee in its individual capacity, (ii) any owner of a
beneficial interest in the Issuer or (iii) any partner, owner, beneficiary,
agent, officer, director, employee or agent of the Owner Trustee in its
individual capacity, any holder of a beneficial interest in the Issuer or the
Owner Trustee or of any successor or assign of the Owner Trustee in its
individual capacity, except as any such Person may have expressly agreed (it
being understood that the Owner Trustee has no such obligations in its
individual capacity). The Holder of this Note by the acceptance hereof agrees
that, except as expressly provided in the Indenture, the Asset Pool One
Supplement, the ONEseries Indenture Supplement and the Terms Document, in the
case of an Event of Default under the Indenture, the Holder shall have no claim
against any of the foregoing for any deficiency, loss or claim therefrom;
provided, however, that nothing contained herein shall be taken to prevent
recourse to, and enforcement against, the assets of the Issuer for any and all
liabilities, obligations and undertakings contained in the Indenture or in this
Note.

               Notwithstanding the allocation provisions of the Indenture, the
Asset Pool One Supplement, each additional Asset Pool Supplement, the ONEseries
Indenture Supplement and the indenture supplements for each other Series of
Notes, if any, to the extent that the ONEseries Noteholders are deemed to have
any interest in any assets of the Issuer allocated to other Notes, each
Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note
Owner, a beneficial interest in a Note, shall agree that their interest in those
assets is subordinate to claims or rights of such other Noteholders to those
other assets.

                                     A-3-7

<PAGE>

Further, each Noteholder or Note Owner, by acceptance of a Note, or in the case
of a Note Owner, a beneficial interest in a Note, shall agree that such
agreement constitutes a subordination agreement for purposes of Section 510(a)
of the Bankruptcy Code.

                                     A-3-8

<PAGE>

                                   ASSIGNMENT

Social Security or taxpayer I.D. or other identifying number of assignee

________________________________________________________________________________

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

________________________________________________________________________________
(name and address of assignee)

the within Note and all rights thereunder, and hereby irrevocably constitutes
and appoints attorney, to transfer said Note on the books kept for registration
thereof, with full power of substitution in the premises.

Dated:__________________________

 ____________________________________*
Signature Guaranteed:

_______________________
* NOTE: The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                     A-3-9

<PAGE>

                                                                      SCHEDULE A

                                     PART I

                                INTEREST PAYMENTS

<TABLE>
<CAPTION>
                                                                                      Confirmation
                                          Total Amount of                            of payment by
      Interest            Date of             Interest           Amount of            or on behalf
    Payment Date          Payment             Payable          Interest Paid          of the Trust
--------------------  ---------------  --------------------  -------------------  -------------------
<S>                   <C>              <C>                   <C>                  <C>
First .............

Second ............

[continue number-
ing until the
appropriate number
of interest payment
dates for the Notes
is reached]
</TABLE>

                                     A-3-10

<PAGE>

                                     PART II

                               PRINCIPAL PAYMENTS

<TABLE>
<CAPTION>
                                                                                Confirmation of
        Date of                                                                 payment by or on
        Payment            Total Amount Payable      Total Amount Paid        behalf of the Trust
----------------------  -------------------------  ----------------------  ------------------------
<S>                     <C>                        <C>                     <C>

</TABLE>

<TABLE>
<CAPTION>
                                                                               Confirmation of
                                                                               payment by or on
    Date of Payment       Total Amount Payable      Total Amount Paid        behalf of the Trust
----------------------  -------------------------  ----------------------  ------------------------
<S>                     <C>                        <C>                     <C>

[continue numbering
until the appropriate
number of installment
dates for the Notes is
reached]
</TABLE>

                                     A-3-11

<PAGE>

                                                                       EXHIBIT C

                             BANK ONE ISSUANCE TRUST
                Form of ONEseries Monthly Noteholders' Statement

                         Monthly Period: [      ] 2002

         The undersigned, a duly authorized representative of First USA Bank,
National Association (the "Bank"), as Servicer pursuant to the Transfer and
Servicing Agreement, dated as of May 1, 2002 (the "Transfer and Servicing
Agreement"), among the Bank, as Transferor, Servicer and Administrator, Bank One
Issuance Trust, as Issuer, and Wells Fargo Bank Minnesota, National Association,
as Indenture Trustee and Collateral Agent, does hereby certify as follows:

A.       Information Regarding the Current Distribution to Noteholders

1. The total amount of the distribution to Noteholders on the Payment Date per
   $1,000 Initial Outstanding Dollar Principal Amount

         Tranche             Amount
         ---------           ----------
         A1                  $
         A2                  $
         A3                  $
         A4                  $
         A5                  $

         B1                  $
         B2                  $
         B3                  $

         C1                  $
         C2                  $
         C3                  $

2. The amount of the distribution set forth in item 1 in respect of interest on
   the Notes per $1,000 Initial Outstanding Dollar Principal Amount

         Tranche             Amount
         ---------           ----------
         A1                  $
         A2                  $
         A3                  $
         A4                  $
         A5                  $

                                     C-1-1

<PAGE>

         B1                  $
         B2                  $
         B3                  $

         C1                  $
         C2                  $
         C3                  $

3.   The amount of the distribution set forth in item 1 in respect of principal
     on the Notes per $1,000 Initial Outstanding Dollar Principal Amount

         Tranche             Amount
         ---------           --------
         A1                  $
         A2                  $
         A3                  $
         A4                  $
         A5                  $

         B1                  $
         B2                  $
         B3                  $

         C1                  $
         C2                  $
         C3                  $

B.   Information regarding the Tranches of Notes of the ONEseries

1.   Outstanding Dollar Principal Amount and Nominal Liquidation Amount of
     Tranches of Notes of the ONEseries for the related Monthly Period

<TABLE>
<CAPTION>
                            Initial Outstanding                          Adjusted Outstanding
                            Dollar Principal       Outstanding Dollar    Dollar Principal         Nominal Liquidation
         Tranche            Amount                 Principal Amount      Amount                   Amount
         ---------------    ---------------------  -------------------   ------------------       ------------------------
         <S>                <C>                 <C>                      <C>                      <C>
         A1                 $                      $                     $                        $
         A2                 $                      $                     $                        $
         A3                 $                      $                     $                        $
         A4                 $                      $                     $                        $
         A5                 $                      $                     $                        $

         Total Class A      $                      $                     $                        $

         -----------------------------------------------------------------------------------------------------------------
</TABLE>

                                     C-1-2

<PAGE>

         B1                   $          $            $              $
         B2                   $          $            $              $
         B3                   $          $            $              $
         Total Class B        $          $            $              $

         C1                   $          $            $              $
         C2                   $          $            $              $
         C3                   $          $            $              $
         Total Class C        $          $            $              $

         Total                $          $            $              $

2.   Nominal Liquidation Amount of Notes of the ONEseries

<TABLE>
<CAPTION>
                                                       Increases from
                                                       amounts with
                                                       drawn from
                                                       the Principal  Reimbursements   Reductions due
                                        Increases      Funding Sub-   of prior Nominal to reallocations  Reductions due
                                        from accre-    Accounts in    Liquidation      of Available      to amounts de
                           Beginning    tion of Prin-  respect of     Amount Deficits  Principal Col     posited to the  Ending
                           Nominal      cipal for      Prefunding     from Available   lections and      Principal Fund  Nominal
                           Liquidation  Discount       Excess         Finance Charge   Investor          ing Sub-Ac      Liquidation
         Tranche           Amount       Notes          Amounts        Collections      Charge-Offs       counts          Amount
         ----------------  ------------ -------------  -------------- -------------    --------------    -------------   -----------
         <S>               <C>          <C>            <C>            <C>              <C>               <C>             <C>
         A1                $            $              $              $                $                 $               $
         A2                $            $              $              $                $                 $               $
         A3                $            $              $              $                $                 $               $
         A4                $            $              $              $                $                 $               $
         A5                $            $              $              $                $                 $               $

         Total Class A     $            $              $              $                $                 $               $

         B1                $            $              $              $                $                 $               $
         B2                $            $              $              $                $                 $               $
         B3                $            $              $              $                $                 $               $

         Total Class B     $            $              $              $                $                 $               $

         C1                $            $              $              $                $                 $               $
         C2                $            $              $              $                $                 $               $
         C3                $            $              $              $                $                 $               $

         Total Class C     $            $              $              $                $                 $               $

         Total             $            $              $              $                $                 $               $
</TABLE>

3.   ONEseries Interest Funding Account Sub-Account

                                     C-1-3

<PAGE>

<TABLE>
<CAPTION>
                                      Targeted
                                      deposit to
                                      the Interest  Previous                            Amount with-
                                      Funding       shortfalls of                       drawn from the
                                      Sub-Ac-       targeted de-                        Interest Fund-               Ending In-
                      Beginning In-   count with    posits to the    Actual deposit to  ing Sub-Ac-                  terest Fund-
                      terest Funding  respect to    Interest Fund-   the Interest       count for pay-               ing Sub-Ac-
                      Sub-Account     the current   ing Sub-Ac-      Funding Sub-       ment to         Other With-  count Bal-
     Tranche          Balance         period        count            Account            Noteholders     drawals      ance
     -------------    --------------  ------------  -------------    -----------------  --------------  -----------  ------------
     <S>              <C>             <C>           <C>              <C>                <C>             <C>          <C>
     A1               $               $             $                $                  $               $            $
     A2               $               $             $                $                  $               $            $
     A3               $               $             $                $                  $               $            $
     A4               $               $             $                $                  $               $            $
     A5               $               $             $                $                  $               $            $
     Total Class A    $               $             $                $                  $               $            $

     B1               $               $             $                $                  $               $            $
     B2               $               $             $                $                  $               $            $
     B3               $               $             $                $                  $               $            $
     Total Class B    $               $             $                $                  $               $            $

     C1               $               $             $                $                  $               $            $
     C2               $               $             $                $                  $               $            $
     C3               $               $             $                $                  $               $            $
     Total Class C    $               $             $                $                  $               $            $

     Total            $               $             $                $                  $               $            $
</TABLE>

4. ONEseries Principal Funding Account Sub-Accounts

<TABLE>
<CAPTION>
                                         Targeted
                                         deposit to
                                         the Principal  Previous                           Amount with-
                                         Funding        shortfalls of                      drawn from the
                                         Sub-Ac-        targeted de-                       Principal Fund-              Ending Prin-
                        Beginning        count with     posits to the   Actual deposit to  ing Sub-Ac-                  cipal Fund-
                        Principal Fund-  respect to     Principal       the Principal      count for pay-               ing Sub-Ac-
                        ing Sub-Ac-      the current    Funding Sub-    Funding Sub-       ment to         Other With-  count Bal-
     Tranche            count Balance    period         Account         Account            Noteholders     drawals      ance
     ---------------    --------------   -------------  --------------  ------------------ --------------- ------------ ------------
     <S>                <C>              <C>            <C>             <C>                <C>             <C>          <C>
     A1                 $                $              $               $                  $               $            $
     A2                 $                $              $               $                  $               $            $
     A3                 $                $              $               $                  $               $            $
     A4                 $                $              $               $                  $               $            $
     A5                 $                $              $               $                  $               $            $
     Total Class A      $                $              $               $                  $               $            $

     B1                 $                $              $               $                  $               $            $
     B2                 $                $              $               $                  $               $            $
     B3                 $                $              $               $                  $               $            $
     Total Class B      $                $              $               $                  $               $            $
</TABLE>

                                     C-1-4

<PAGE>

<TABLE>
         <S>                <C>           <C>         <C>          <C>             <C>           <C>           <C>
         C1                 $             $           $            $               $             $             $
         C2                 $             $           $            $               $             $             $
         C3                 $             $           $            $               $             $             $
         Total Class C      $             $           $            $               $             $             $

         Total              $             $           $            $               $             $             $
</TABLE>

5. ONEseries Class C Reserve Sub-Accounts

<TABLE>
<CAPTION>

                                                                                Amount with-      Withdrawals of
                                  Class C Re-                                    drawn in re-      Excess
                                  serve Sub-    Targeted de-  Actual deposit to spect of pay-     Amounts pur-       Ending
                   Beginning      Account       posit to the  the Class C Re-   ment of interest  suant to sub-      Class C Re
                   Class C Re-    earnings for  Class C Re-   serve Sub-Ac-     and/or            section 3.25(c)    serve Sub-
                   serve Sub-Ac-  the current   serve Sub-Ac- count, including  principal to      of the Indenture   Account
         Tranche   count Balance  period        count         Excess Amounts    Noteholders       Supplement         Balance
         --------- -------------- ------------  ------------- ----------------- ----------------- -----------------  --------------
         <S>       <C>            <C>           <C>           <C>               <C>               <C>                <C>
         C1        $              $             $             $                 $                 $                  $
         C2        $              $             $             $                 $                 $                  $
         C3        $              $             $             $                 $                 $                  $
         Total     $              $             $             $                 $                 $                  $
</TABLE>

6. Class A Required Subordinated Amount of Class B and Class C Notes and Class A
   Usage of Class B and Class C Required Subordinated Amounts

<TABLE>
<CAPTION>
                    Required         Required Sub-
                    Subordinated     ordinated
                    Amount of        Amount of
                    Class B Notes    Class C Notes
                    as of the close  as of the close  Class A Usage of  Class A Usage of
                    of business on   of business on   Class B Required  Class C Required  Cumulative Class A   Cumulative Class
                    the related      the related      Subordinated      Subordinated      Usage of Class B     A Usage of Class
                    Note Transfer    Note Transfer    Amount for cur-   Amount for cur-   Required Subordi-    C Required Sub-
         Tranche    Date             Date             rent period       rent period       nated Amount         ordinated Amount
         ---------  -------------    ---------------  ----------------  ----------------  -------------------  -------------------
         <S>        <C>              <C>              <C>               <C>               <C>                  <C>
         A1         $                $                $                 $                 $                    $
         A2         $                $                $                 $                 $                    $
         A3         $                $                $                 $                 $                    $
         A4         $                $                $                 $                 $                    $
         A5         $                $                $                 $                 $                    $
         Total      $                $                $                 $                 $                    $
</TABLE>

7. Class B Required Subordinated Amount of Class C Notes and Class B Usage of
   Class C Required Subordinated Amounts

<TABLE>
<CAPTION>
                     Required Subordi-
                     nated Amount of         Class B Usage of
                     Class C Notes as of     Class C Required    Cumulative Class B
                     the close of business   Subordinated        Usage of Class C
                     on the related Note     Amount for the      Required Subordi-
         Tranche     Transfer Date           Current Period      nated Amount
         ---------   ---------------------   ----------------    ------------------
         <S>         <C>                     <C>                 <C>

</TABLE>

                                     C-1-5

<PAGE>

         B1                 $                      $                    $
         B2                 $                      $                    $
         B3                 $                      $                    $
         Total              $                      $                    $

C. Information regarding the performance of the ONEseries
<TABLE>
<CAPTION>

                                   [November]          [October]           [September]
                                   Monthly Period      Monthly Period      Monthly Period
                                  ----------------     ------------------  --------------
<S>                                <C>                 <C>                 <C>
         Portfolio Yield                         %                      %               %
         Less:  Base Rate                        %                      %               %
         Excess Spread                           %                      %               %

         Three Month Average
         Excess Spread                           %                      %               %
         Principal Payment Rate                  %                      %               %

                                      FIRST USA BANK, NATIONAL ASSOCIATION,
                                      as Servicer

                                      By:______________________________
                                            Name:
                                            Title:
</TABLE>

                                     C-1-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]