8/97                                           Page 1  



                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

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



 Date of Report (Date of earliest event reported:) September 15, 1997
                                                        
                                                                 
                  Chevy Chase Master Credit Card Trust II         
            _____________________________________________________ 
             (Exact name of registrant as specified in charter)


         Maryland              33-99334                 52-0897004    
___________________________ ________________    _________________
State or other jurisdiction   (Commission        (I.R.S. Employer
of incorporation or organ-     File No.)      Identification No.  
ization


    C/O CHEVY CHASE BANK, F.S.B
    8401 Connecticut Avenue
    Chevy Chase, Maryland                               20815
______________________________________             _____________
Address of principal executive offices                Zip Code


Registrant's telephone number, including area code(301)-986-7000
                                                   _____________
                           Not Applicable
 ________________________________________________________________
 (Former name, former address, and former fiscal year, if changed
                       since last report)





   8/97                                               Page 2 

  Item 5.  Other Events
           None

  Item 7.  Financial Statements, Pro forma Financial Information  
           and Exhibits.

  Exhibit 99.1  Monthly Report to Certificateholders dated
            September 15, 1997 for Series 1995-A and 
            Series 1995-C.


                                   Signatures

  Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has caused this report to be signed
on behalf of the Chevy Chase Master Credit Card Trust by the
undersigned thereunto duly authorized.


                        Chevy Chase Master Credit Card Trust II

                          By:   Chevy Chase Bank, F.S.B.
                        Originator of the Trust and Servicer

                                        Mark A. Holles
 Dated:   September 15, 1997 By: ___________________________________

                                         Mark A. Holles                        
                                         Vice President
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{"company-data": {"conformed-name": "CHEVY CHASE MASTER CREDIT CARD TRUST II", "cik": "0001000112", "assigned-sic": "6189", "irs-number": "520897004", "state-of-incorporation": "MD", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-92180-03", "film-number": "97686783"}, "business-address": {"street1": "C/O CHEVY CHASE BANK FSB", "street2": "8401 CONNECTICUT AVE", "city": "CHEVY CHASE", "state": "MD", "zip": "20815", "phone": "3019867000"}}
8/97                                           Page 1  

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

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

 Date of Report (Date of earliest event reported:) September 15, 1997
                                                        
                                                                 
                  Chevy Chase Master Credit Card Trust II         
            _____________________________________________________ 
             (Exact name of registrant as specified in charter)

         Maryland              33-99334                 52-0897004    
___________________________ ________________    _________________
State or other jurisdiction   (Commission        (I.R.S. Employer
of incorporation or organ-     File No.)      Identification No.  
ization

    C/O CHEVY CHASE BANK, F.S.B
    8401 Connecticut Avenue
    Chevy Chase, Maryland                               20815
______________________________________             _____________
Address of principal executive offices                Zip Code

Registrant's telephone number, including area code(301)-986-7000
                                                   _____________
                           Not Applicable
 ________________________________________________________________
 (Former name, former address, and former fiscal year, if changed
                       since last report)

   8/97                                               Page 2 

  Item 5.  Other Events
           None

  Item 7.  Financial Statements, Pro forma Financial Information  
           and Exhibits.

  Exhibit 99.1  Monthly Report to Certificateholders dated
            September 15, 1997 for Series 1995-A and 
            Series 1995-C.

                                   Signatures

  Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has caused this report to be signed
on behalf of the Chevy Chase Master Credit Card Trust by the
undersigned thereunto duly authorized.

                        Chevy Chase Master Credit Card Trust II

                          By:   Chevy Chase Bank, F.S.B.
                        Originator of the Trust and Servicer

                                        Mark A. Holles
 Dated:   September 15, 1997 By: ___________________________________

                                         Mark A. Holles                        
                                         Vice President