Document:

AMENDMENT No. 7 dated as of  March 1, 2001, to the
                    Pooling and Servicing Agreement dated as of June 1, 1993,
                    between PROVIDIAN NATIONAL BANK (formerly  known as First
                    Deposit National Bank), a national banking association, as
                    Seller and Servicer, and BANKERS TRUST COMPANY, a New York
                    banking corporation, as Trustee.

          WHEREAS the Seller, the Servicer and the Trustee are parties to the
Pooling and Servicing Agreement dated as of June 1, 1993, as amended by
AMENDMENT No. 1 dated as of May 1, 1994, AMENDMENT No. 2 dated as of June 1,
1995, AMENDMENT No. 3 dated as of March 1, 1997, AMENDMENT No. 4 dated as of
June 1, 1998, AMENDMENT No. 5 dated as of August 1, 1998, AMENDMENT No. 6 dated
as of February 1, 2000, and as supplemented by SUPPLEMENTAL AGREEMENT No. 1
dated as of January 1, 1998 (as so amended and supplemented, the "Agreement");
and

          WHEREAS the Seller, the Servicer and the Trustee now wish to amend the
Agreement as set forth herein;

          NOW, THEREFORE, the Seller, the Servicer and the Trustee hereby agree
as follows:

                                    ARTICLE I

                                   DEFINITIONS

          SECTION 1.01. Defined Terms Not Defined Herein. All capitalized terms
used herein that are not defined herein shall have the meaning ascribed to them
in the Agreement.

                                   ARTICLE II

                             AMENDMENTS TO AGREEMENT

          SECTION 2.01. Amendments to Section 1.01 of the Agreement.
Section 1.01 of the Agreement is hereby amended as follows:

          (a) The definition of the term "Finance Charge Receivables" is amended
to read in its entirety as follows:

          "Finance Charge Receivables" shall mean, with respect to any Monthly
     Period, all amounts billed to the Obligors on any Account at the beginning
     of such Monthly Period and in respect of (i) Periodic Finance Charges, (ii)
     Returned Cash Advance Check Fees, (iii) Late Fees, (iv) Overlimit Fees, (v)
     Returned Payment Check Fees and (vi) all other fees and charges (excluding
     Principal Receivables). Collections of Finance Charge Receivables, with
     respect to any Monthly Period, shall include a portion, determined pursuant
     to Section 2.07(i), of the Interchange paid to the Sellers through the
     MasterCard System, the VISA System and any other similar entity's or
     organization's system relating to consumer revolving credit card accounts
     with respect to such Monthly Period.

          (b) The definition of the term "Recoveries" is amended to read in its
entirety as follows:

          "Recoveries" shall mean all amounts received by the Servicer with
     respect to Receivables which have previously become Defaulted Receivables,
     including Insurance Proceeds, and shall include any cash proceeds received
     by the Sellers initially upon the sale or re-securitization by the Sellers
     of Defaulted Receivables removed from the Trust to the extent such sale or
     re-securitization is made pursuant to a Grouped Charge Off Disposition, and
     excluding, in the case of any such Defaulted Receivables removed from the
     Trust, (a) any amount received by the Sellers other than pursuant to a
     Grouped Charge Off Disposition and (b) any amounts received by the Sellers
     with respect to Defaulted Receivables removed from the Trust pursuant to a
     Grouped Charge Off Disposition if such amounts do not constitute cash
     proceeds received by the Sellers upon the initial sale or re-securitization
     of such Defaulted Receivables.

                                   ARTICLE III

                                  MISCELLANEOUS

          SECTION 3.01. Ratification of Agreement. As amended by this Amendment,
the Agreement is in all respects ratified and confirmed and the Agreement as
amended by this Amendment shall be read, taken and construed as one and the same
instrument.

          SECTION 3.02. Amendment. The Agreement may be amended from time to
time only if the conditions set forth in Section 13.01 of the Agreement are
satisfied.

          SECTION 3.03. Counterparts. This Amendment 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.

          SECTION 3.04. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

          IN WITNESS WHEREOF, the Seller, the Servicer and the Trustee have
caused this Amendment to be duly executed by their respective officers as of the
day and year first above written.

                                              PROVIDIAN NATIONAL BANK,
                                              Seller and Servicer,

                                              By: /s/ Michael K. Riley
                                                  -----------------------------
                                                 Name: Michael K. Riley
                                                 Title: Vice President

                                              BANKERS TRUST COMPANY,
                                              Trustee,

                                              By: /s/ Peter Becker
                                                  -----------------------------
                                                 Name: Peter Becker
                                                 Title: Assistant Vice PresidentAMENDMENT No. 8 dated as of April 1, 2001, to the
                    Pooling and Servicing Agreement dated as of June 1, 1993,
                    between PROVIDIAN NATIONAL BANK (formerly known as First
                    Deposit National Bank), a national banking association, as
                    Seller and Servicer, and BANKERS TRUST COMPANY, a New York
                    banking corporation, as Trustee.

          WHEREAS the Seller, the Servicer and the Trustee are parties to the
Pooling and Servicing Agreement dated as of June 1, 1993, as amended by
AMENDMENT No. 1 dated as of May 1, 1994, AMENDMENT No. 2 dated as of June 1,
1995, AMENDMENT No. 3 dated as of March 1, 1997, AMENDMENT No. 4 dated as of
June 1, 1998, AMENDMENT No. 5 dated as of August 1, 1998, AMENDMENT No. 6 dated
as of February 1, 2000, AMENDMENT No. 7 dated as of March 1, 2000,and as
supplemented by SUPPLEMENTAL AGREEMENT No. 1 dated as of January 1, 1998 (as so
amended and supplemented, the "Agreement"); and

          WHEREAS the Seller, the Servicer and the Trustee now wish to amend the
Agreement as set forth herein;

          NOW, THEREFORE, the Seller, the Servicer and the Trustee hereby agree
as follows:

                                    ARTICLE I

                                   DEFINITIONS

          SECTION 1.01. Defined Terms Not Defined Herein. All capitalized terms
used herein that are not defined herein shall have the meaning ascribed to them
in the Agreement.

                                   ARTICLE II

                             AMENDMENTS TO AGREEMENT

          SECTION 2.01. Amendment to Section 2.01 of the Agreement. Section 2.01
of the Agreement is amended by adding the following paragraph at the end of
Section 2.01:

          The parties hereto intend that each transfer of Receivables and other
     property pursuant to this Agreement or any Assignment constitutes a sale,
     and not a secured borrowing, for accounting purposes. If, and to the extent
     that, notwithstanding such intent the transfer pursuant to this Section
     2.01 is not deemed to be a sale, the applicable Seller shall be deemed
     hereunder to have granted and does hereby grant to the Trustee, on behalf
     of the Trust and for the benefit of the Certificateholders, a security
     interest in all of its right, title and interest, whether now owned or
     hereafter acquired, in, to and under all of the Trust Assets, and this
     Agreement constitutes a security agreement under applicable law.

          SECTION 2.02. Amendment to Section 2.02 of the Agreement. Section 2.02
of the Agreement is amended by changing the caption thereof to "Acceptance by
Trustee; Permitted Trust Activities" and adding the following paragraph at the
end of Section 2.02:

          (e) The purpose of the Trust is to engage in the following activities:

               (i) to accept, acquire and hold, for the benefit of the
          Certificateholders or any other owners of beneficial interests in the
          Trust or its assets, (a) Trust Assets and all proceeds thereof,
          (b) Participation Interests and Series Enhancement, (c) servicing
          rights with respect to financial assets it holds, and (d) passive
          derivative financial instruments that pertain to beneficial interests
          issued or sold to Investor Certificateholders of one or more Series
          (excluding any Investor Certificates issued or sold to the Sellers or
          any Affiliate or agent of the Sellers), and passive derivative
          financial instruments replacing any such instrument that has expired
          or as to which the obligor has defaulted or been downgraded, provided
          that all such assets held by the Trust do not involve the Trustee in
          the making of decisions other than those inherent in servicing or
          administering the Trust;

               (ii) to issue Series of Investor Certificates and to issue the
          Sellers' Interest, Supplemental Interests and other beneficial
          interests in the Trust and its assets from time to time pursuant to
          this Agreement and related Supplements;

               (iii) to service, administer, collect, protect, invest and
          distribute the assets of the Trust and the proceeds thereof;

               (iv) to make distributions and payments to Investor
          Certificateholders, to the holders of the Sellers' Interest and any
          Supplemental Interests, to providers of Series Enhancement and
          derivative financial instruments and to other owners of beneficial
          interests in the Trust;

               (v) to service or provide for the servicing of the assets of the
          Trust and to pay Servicing Fees as provided in this Agreement and the
          related Supplements, to pay Trustee's fees and expenses and other fees
          and expenses as provided in this Agreement and the related Supplements
          and other agreements entered into in connection with the servicing,
          administration and operation of the Trust and the assets of the Trust;

               (vi) to transfer, assign and otherwise convey any portion of the
          Trust Assets released from the Trust; and

               (vii) to engage in those activities, including entering into,
          executing, delivering and performing agreements, certificates,
          instruments, reports, notices, filings and other documents described
          in this Agreement and the related Supplements or that are necessary,
          suitable or convenient to accomplish the foregoing or are incidental
          to the foregoing or are connected therewith.

     The Trust shall not engage in any activity other than in connection with
     the foregoing or other than as required or authorized by the terms of this
     Agreement and the related Supplements and other related agreements,
     certificates, instruments and documents.

          SECTION 2.03. Amendment to Section 2.09 of the Agreement. Section 2.09
of the Agreement is amended by deleting the word "and" after paragraph (e)
thereof, replacing the period at the end of paragraph (f) thereof with a
semicolon, and adding the following paragraph immediately after paragraph (f)
thereof:

          (g) Subject to the exceptions set forth in Section 2.09(h), (i) no
     more than one Removal Date shall occur in any Monthly Period and (ii) for
     each Removal Date, the Accounts to be designated as Removed Accounts shall
     be selected at random by the Seller and the Removed Accounts shall not, as
     of the Removal Notice Date, contain Principal Receivables which in the
     aggregate exceed an amount equal to the excess, if any, of the Sellers'
     Participation Amount over the Required Sellers' Participation Amount; and

          (h) The following Accounts may be removed on any day and shall not be
     subject to the limitations described in Section 2.09(g):

               (i) any Accounts that contain Defaulted Receivables;

               (ii) any Accounts described in the proviso of Section 2.09(d); or

               (iii) any Accounts originated or acquired under an affinity,
          private label, agent bank, co-branding or other arrangement with a
          third party, which has been cancelled by such third party or which has
          expired without renewal and which by its terms permits the third party
          to purchase the Accounts or Receivables subject to such arrangement,
          upon such cancellation or non-renewal.

          SECTION 2.04. Amendments to Section 4.02 of the Agreement. (a) The
proviso in the third paragraph of Section 4.02 of the Agreement is deleted, and
inserted in its place is the following:

     ; provided, however, that the Trustee shall sell, liquidate or dispose of
     an Eligible Investment before its maturity, if so directed by the Servicer,
     if a default by, or a downgrade of, the obligor of such Eligible Investment
     has occurred.

          (b) The first proviso in the fifth paragraph of Section 4.02 of the
Agreement is deleted, and inserted in its place is the following:

     ; provided, however, that the Trustee shall sell, liquidate or dispose of
     an Eligible Investment before its maturity, if so directed by the Servicer,
     if a default by, or a downgrade of, the obligor of such Eligible Investment
     has occurred.

          SECTION 2.05. Amendment to Section 9.02(a) of the Agreement.
Section 9.02(a) of the Agreement is amended to read in its entirety as follows:

               SECTION 9.02. Additional Rights upon the Occurrence of Certain
     Events. (a)If an Insolvency Event occurs with respect to any of the Sellers
     or any of the Sellers violates Section 2.07(c) for any reason, the Sellers
     shall on the day any such Insolvency Event or violation occurs (the
     "Appointment Date"), immediately cease to transfer Principal Receivables to
     the Trust and shall promptly give notice to the Trustee thereof.
     Notwithstanding any cessation of the transfer to the Trust of additional
     Principal Receivables, Principal Receivables transferred to the Trust prior
     to the occurrence of such Insolvency Event and Collections in respect of
     such Principal Receivables and Finance Charge Receivables whenever created,
     accrued in respect of such Principal Receivables, shall continue to be a
     part of the Trust. Within 15 days after receipt of such notice by the
     Trustee of the occurrence of such Insolvency Event or violation of Section
     2.07(c), the Trustee shall (i) publish a notice in an Authorized Newspaper
     that an Insolvency Event or violation has occurred and that the Trustee
     intends to sell, dispose of or otherwise liquidate the Receivables and (ii)
     give notice to Investor Certificateholders and each Series Enhancer
     entitled thereto pursuant to the relevant Supplement describing the
     provisions of this Section and requesting instructions from such Holders.
     Unless the Trustee shall have received instructions within 90 days from the
     date notice pursuant to clause (i) above is first published from (x)
     Holders of Investor Certificates evidencing more than 50% of the aggregate
     unpaid principal amount of each Series or, with respect to any Series with
     two or more Classes, of each Class, to the effect that such Investor
     Certificateholders disapprove of the liquidation of the Receivables and
     wish to continue having Principal Receivables transferred to the Trust as
     before such Insolvency Event or violation, (y) to the extent provided in
     the relevant Supplement, any Series Enhancer with respect to such Series,
     and (z) each of the Sellers (other than the Seller that is the subject of
     such Insolvency Event or violation), including any Additional Seller, any
     Holder of a Supplemental Interest and any permitted assignee or successor
     under Section 7.02, to such effect, the Trustee shall promptly sell,
     dispose of or otherwise liquidate the Receivables by the solicitation of
     competitive bids and on terms equivalent to the best purchase offer as
     determined by the Trustee. The Sellers and Affiliates and agents of the
     Sellers shall not be entitled to participate as a bidder in such sale of
     the Receivables. The Trustee may obtain a prior determination from any such
     conservator, receiver or liquidator that the terms and manner of any
     proposed sale, disposition or liquidation are commercially reasonable. The
     provisions of Sections 9.01 and 9.02 shall not be deemed to be mutually
     exclusive.

          SECTION 2.06. Amendment to Section 13.01(a) of the Agreement. Section
13.01(a) of the Agreement is amended by adding the following proviso at the end
of Section 13.01(a):

     ; provided, however, that notwithstanding the fact that clauses (i) and
     (ii) of this Section 13.01(a) would otherwise apply, any amendment that
     materially changes the permitted activities of the Trust described in
     Section 2.02(e) shall require the consent of the Holders of Investor
     Certificates evidencing more than 50% of the aggregate unpaid principal
     amount of the Investor Certificates of all outstanding Series, but such
     consent shall not be required if such amendment changing the permitted
     activities of the Trust is (a) administrative in nature, (b) entered into
     for the purpose of preserving the intended sales treatment under generally
     accepted accounting principles, or the intended treatment for tax purposes,
     of transactions under this Agreement, or (c) in response to regulatory or
     legal changes.

          SECTION 2.07. Amendment to Section 13.02(c) of the Agreement. Section
13.02(c) of the Agreement is amended by adding the following proviso at the end
of Section 13.02(c):

     ; provided, however, that each Seller and the Servicer may maintain offices
     outside the United States that engage in servicing activities with respect
     to the Receivables (other than receiving, processing or maintaining
     Collections outside the United States), so long as the information
     necessary to perfect or to continue the perfection of the Trust's security
     interest in the Receivables and the proceeds thereof, including the account
     number, the aggregate amount outstanding in such Account and the aggregate
     amount of Principal Receivables outstanding in such Account, is also
     maintained in its servicing records located in the United States.

          SECTION 2.08. Amendment to Exhibit B of the Agreement. Section 3(d) of
Exhibit B to the Agreement is amended to read in its entirety as follows:

          (d) The parties hereto intend that each transfer of Receivables and
     other property pursuant to this Assignment constitutes a sale, and not a
     secured borrowing, for accounting purposes, and that, to the extent that
     the foregoing conveyance is not deemed to be a sale, each of the
     Participating Sellers hereby grants to the Trustee a security interest in
     all of its right, title and interest in and to the Receivables now existing
     and hereafter created in the Additional Accounts designated by such
     Participating Seller, all monies due to or to become due and all amounts
     received with respect thereto and all proceeds (including "proceeds" as
     defined in the UCC) thereof. This Assignment constitutes a security
     agreement under applicable law.

                                   ARTICLE III

                                  MISCELLANEOUS

          SECTION 3.01. Ratification of Agreement. As amended by this Amendment,
the Agreement is in all respects ratified and confirmed and the Agreement as
amended by this Amendment shall be read, taken and construed as one and the same
instrument.

          SECTION 3.02. Amendment. The Agreement may be amended from time to
time only if the conditions set forth in Section 13.01 of the Agreement are
satisfied.

          SECTION 3.03. Counterparts. This Amendment 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.

          SECTION 3.04. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

          IN WITNESS WHEREOF, the Seller, the Servicer and the Trustee have
caused this Amendment to be duly executed by their respective officers as of the
day and year first above written.

                                              PROVIDIAN NATIONAL BANK,
                                              Seller and Servicer,

                                              By: /s/ Michael K. Riley
                                                  -----------------------------
                                                 Name: Michael K. Riley
                                                 Title: Vice President

                                              BANKERS TRUST COMPANY,
                                              Trustee,

                                              By: /s/ Peter Becker
                                                  -----------------------------
                                                 Name: Peter Becker
                                                 Title: Assistant Vice President

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