SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
                    ----------------------------------------

                                   FORM 8 - K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

      DATE OF REPORT (Date of earliest event reported):  September 17th, 2003
 -------------------------------------------------------------------------------

                  CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                  ON BEHALF OF
                    ASSOCIATES CREDIT CARD MASTER NOTE TRUST
             (Exact name of registrant as specified in its charter)


                            UNITED STATES OF AMERICA
             ------------------------------------------------------
                 (State or other jurisdiction of incorporation)

                                   333-9486701
                            -------------------------
                            (Commission File Numbers)

                                   46-0358360
                            -------------------------
                      (IRS Employer Identification Number)



701 EAST 60TH STREET, NORTH
SIOUX FALLS, SOUTH DAKOTA                                        57117
------------------------------------------------              -------------
(Address of principal executive office)                        (Zip Code)


Registrants telephone number, including area code (605) 331-2626




Item 5.                           Other Events
                                  The monthly statements for the month of
                                  August 2003 were distributed to Noteholders
                                  on September 17, 2003.


Item 7 (C).                         Exhibits.

Exhibit No.                         Description

20.1     Series 2000-2 monthly statement for the month of August 2003.




                             SIGNATURES


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                                AS SERVICER


                                         By:      /s/ Doug Morrison
                                                  -----------------------
                                                    Douglas Morrison
                                                    Chief Financial Officer


<table>
<caption>
File:  August_03_8k-sec                                        CONFIDENTIAL
Servicer's Report                                              Date of Report:            9/17/2003
Interest Period: August 18, 2003 to September 16, 2003, pay on September 17, 2003.


Associates Credit Card Master Note Trust, Series 2000-2
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
                                                                    Transferor              Trust
                                                                     Interest              Totals
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
<S>                                                                    <C>                   <C>
Beginning Principal Receivables Balance                                               4,926,695,121.26
Beginning Fin. Chrg. Receivables Balance                                               170,833,106.07
Beginning Total Receivables Balance                                                   5,097,528,227.33

Beginning Special Funding Accnt Balance                                                     0.00
Beginning Spread Account Balance                                                            0.00
Beginning Reserve Account Balance                                                           0.00

Beginning Period Invested Amount                                   4,761,398,704.59

Ending Period Invested Amount                                      4,831,043,710.32
<caption>
                                               Class A               Class B               Class C            Total Series
Monthly Master Note Trust Activities     Note                          Note                 Note                  Note
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>                   <C>                   <C>                   <C>
Initial Invested Amount                        600,000,000.00         80,921,000.00     108,553,000.00        789,474,000.00

Beginning Period Invested Amount                50,000,000.00          6,743,416.67     108,553,000.00        165,296,416.67
Principal Deposit to PFA on D.D.                50,000,000.00          6,743,416.67                       -     56,743,416.67
Principal Funding Acct (PFA) Balance           600,000,000.00         80,921,000.00                       -   680,921,000.00

Note Principal Balance Increase                          0.00                  0.00         0.00                  0.00
Note Principal Balance Decrease                          0.00                  0.00         0.00                  0.00

Reductions in Invested Amount this Period
 (Other than by Principal Payments)                      0.00                  0.00         0.00                  0.00
Previous Reductions in Invested Amount
  Reimbursed this Period                                 0.00                  0.00         0.00                  0.00

Ending Special Funding Accnt Balance
Ending Spread Account Balance
Ending Reserve Account Balance

Ending Period Invested Amount                            0.00                  0.00         0.00                  0.00
</table>

     Note:  Citibank (South Dakota) as owner of the Series 2000-2 Class C Notes,
agreed to  surrender  their  certificates  for  cancellation  in lieu of cash in
connection with the discharge of the indenture on August 29, 2003.

<table>
<Caption>
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
Group I Information                                               Series 2000-2
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
<S>                                                                    <C>
Beginning Invested Amount                                            165,296,416.67
Average Rate                                                                  1.65%
Allocable Finance Charge Collections                                   2,924,429.10
Allocable Principal Collections                                       66,822,495.08
Allocable Default Amount Due                                           1,314,088.70
Allocable Monthly Interest Due                                           226,822.12
Monthly Interest on PFA Balance                                          644,214.58
Allocable Monthly Servicing Fees Due                                     275,494.03
Ending Invested Amount                                                         0.00
</table>
<table>
<caption>
----------------------------------------
----------------------------------------
Payout Event Tests
----------------------------------------
----------------------------------------

Base Rate Trigger
<S>                                                                    <C>
3 Month Average Portfolio Yield                                       9.64%
3 Month Average Base Rate                                             3.56%
Spread                                                                6.08%
Trigger Pass Test: If Spread is >0, "Yes"                              Yes
<Caption>
Transferor's Interest Trigger
<S>                                                                                          <C>
Required Transferor Interest                                                           338,173,059.72
Transferor Interest                                                                   4,831,043,710.32
Trigger Pass Test                                                                            Yes
</table>

           ASSOCIATES CREDIT CARD MASTER NOTE TRUST
             Series 2000-2

     Pursuant to the Master  Indenture dated as of April 1, 2000 (as amended and
supplemented,  the "Master  Indenture"),  between  Associates Credit Card Master
Note Trust (the  "Trust) and the Bank of New York,  as  indenture  trustee  (the
Indenture Trustee),  as supplemented by the Series 2000-2 Indenture  Supplement,
dated as of June 13, 2000 (the  "Indenture  Supplement"),  between the Trust and
the Indenture Trustee, Citibank (South Dakota), National Association("CBSD"), as
Servicer (the "Servicer") under the Transfer and Servicing  Agreement,  dated as
of April 1, 2000 (the  "Transfer  and  Servicing  Agreement")  between  Citibank
(South Dakota) National Association, as Transferor & Servicer, and the Trust, is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 2000-2  Noteholders and the performance of the Trust
during the previous month. The information which is required to be prepared with
respect to the Distribution  Date of September 17, 2003, and with respect to the
performance  of the  Trust  during  the  month of  August  is set  forth  below.
Capitalized terms used in this Monthly Statement have their respective  meanings
set forth in the Master Indenture and the Indenture Supplement.

<Table>
<S>                                                                                          <C>
Current Transaction Period:                                                           Amortization Period
Any Cash Flow Shortfalls this Period                                                         No
Any Cash Flow Shortfalls from Previous Period                                                No
Payout Event this Period:                                                                    No
Group I Participants:                                                                   Series 2000-2
</table>

MASTER NOTE TRUST RECEIVABLES

YIELD AND BASE RATE --
                                         August: (31 posting days)
<table>
<caption>
                                                                      Yield               Defaults                Total
<S>                                                                    <C>                   <C>                   <C>
Portfolio Yield (Current Month)                                              20.55%         9.23%                11.31%
Portfolio Yield (Prior Month)                                                20.41%        11.66%                 8.75%
Portfolio Yield (Two Months Ago)                                             19.08%        10.21%                 8.87%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                               9.64%
                                                                                                           --------------------
                                                                                                           --------------------
</table>

<table>
<caption>
                                                                    Servicing              Coupon                 Total
<S>                                                                    <C>                   <C>                   <C>
Base Rate (Current Month)                                             2.00%                 1.65%                 3.65%
Base Rate (Prior Month)                                               2.00%                 1.53%                 3.53%
Base Rate (Two Months Ago)                                            2.00%                 1.51%                 3.51%

THREE MONTH AVERAGE BASE RATE                                                                                     3.56%
                                                                                                           --------------------
                                                                                                           --------------------
</table>

<table>
<caption>
<S>                                                                                          <C>
Beginning Period Principal Receivables                                                4,926,695,121.26
Beginning Period Finance Charge Receivables                                            170,833,106.07
Beginning Period Discounted Receivables                                                     0.00
Beginning Period Total Receivables                                                    5,097,528,227.33

Removed Principal Receivables                                                               0.00
Removed Finance Charge Receivables                                                          0.00
Removed Total Receivables                                                                   0.00
Discounted Receivables Generated this Period                                                0.00
Additional Principal Receivables                                                            0.00
Additional Finance Charge Receivables                                                       0.00
Additional Total Receivables                                                                0.00

Total Principal Collections this Period                                                417,004,309.84
Total Defaulted Principal Receivables this Period                                       39,166,695.31
Total Receivables Adjustments this Period                                               10,214,920.62
Total Finance Charge Collections this Period                                            87,163,236.03
Total Discounted Receivables this Period                                                    0.00

Ending Period Principal Receivables                                                   4,831,043,710.32
Ending Period Finance Charge Receivables                                               172,039,476.00
Ending Period Discounted Receivables                                                        0.00
Ending Period Total Receivables                                                       5,003,083,186.32
                                                                                              0
DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                        31-60 Days Delinquent                          108,436,427.12
                                        61-90 Days Delinquent                           72,184,006.18
                                        91+ Days Delinquent                            136,736,987.32
                                                                                     --------------------
                                                                                     --------------------

                                        Total 31+ Days Delinquent                      317,357,420.62
                                                                                     --------------------
                                                                                     --------------------
</table>

ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-2
<table>
<S>                                              <C>                   <C>                                         <C>
Floating Investor Percentage                   3.3551%         Floating Allocation Percentage                    3.3551%
Fixed Investor Percentage                      3.3551%         Series Allocation Percetage                      100.0000%
                                                               Principal Allocation Percentage                  16.0244%
</table>

<table>
<caption>
FINANCE CHARGE ALLOCATIONS                                                                                        Total
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>                   <C>
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                  87,163,236.03
Investor Percentage                                                                        3.3551%
Investor Finance Charge Collections                                                     2,924,429.10          2,924,429.10
Excess Finance Charge Collections allocated to Series                                       0.00                  0.00
Available Finance Charge Collections                                                    2,924,429.10          2,924,429.10
</table>
CASH FLOW ALLOCATIONS
<table>
<caption>
Class A Distributions
<S>                                     <C>                                                                        <C>
                                     (1)Class A Monthly Interest                                                50,416.67
                                     (2)Class A Monthly Interest Previously Due                                   0.00
                                     (3)Class A Monthly Additional Interest                                       0.00
                                     (4)Class A Monthly Additional Interest Previously Due                        0.00
                                        Total Class A Monthly Interest                                          50,416.67

Class B Distributions
                                     (5)Class B Monthly Interest                                                8,148.30
                                     (6)Class B Monthly Interest Previously Due                                   0.00
                                     (7)Class B Monthly Additional Interest                                       0.00
                                     (8)Class B Monthly Additional Interest Previously Due                        0.00
                                        Total Class B Monthly Interest                                          8,148.30

                                     (9)Total Monthly Servicing Fee for Series                                 275,494.03
                                    (10)Total Servicing Fee for Series Previously Due                             0.00

                                    (11)Class A Prepayable Increase Amount Interest                               0.00
                                    (12)Class B Prepayable Increase Amount Interest                               0.00
                                    (13)Investor Default Amount                                               1,314,088.70
                                    (14)Investor Charge-Offs                                                      0.00
                                    (15)Reallocated Principal Collections Previously Due                          0.00

Class C Distributions
                                    (16)Class C Monthly Interest                                               168,257.15

                                    (21)Funds Required per Note Agreement under
                                          Sections 2.07, 2.08 & 2.09                                              0.00
                                    (22)Funds Required per Note Agreement under
                                          Sections 2.04 (e) & 7.01                                                0.00

Spread Account Distributions
                                    (23)Class C Spread Account Required Deposit                                   0.00

TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER
                                        SERIES' ALLOCATIONS                                                   1,108,024.25

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                          0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                          1,108,024.25
</table>

<table>
<caption>
PRINCIPAL ALLOCATIONS
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
<S>                                              <C>                   <C>                   <C>                   <C>
AVAILABLE FUNDS
Total Trust Principal Collections                                 417,004,309.84
Series Allocation Percentage                                        100.0000%
Principal Allocation Percentage                                      16.0244%
Investor Principal Collections - Series Level                     66,822,495.08
Total Investor Principal Collections - Series Level               66,822,495.08
<caption>
<S>                                              <C>                   <C>                   <C>                   <C>
                                               Class A               Class B               Class C                Total
                                         --------------------------------------------------------------------------------------
                                         --------------------------------------------------------------------------------------
Class Prin Percentages(A & B)                   88.12%                11.88%                0.00%                   100.00000%
Class Principal Collections                   58,881,275.58           7,941,219.50          0.00%                66,822,495.08
Class Prin Bal at end of Rev Prd             600,000,000.00         80,921,000.00       108,553,000.00             789,474,000
Monthly Deposit to PFA.                       50,000,000.00           6,743,416.67                        -      56,743,416.67
Shared Prin Collect for Oth Series             8,881,275.58           1,197,802.84                        -         10,079,078
Prin Pmt for Class C from Oth Series                          -                     -                     -                  0
Net (User)/Provider of Prin Collect            8,881,275.58           1,197,802.84                        -      10,079,078.41
Monthly Principal Payment to PFA              50,000,000.00           6,743,416.67                        -      56,743,416.67
Bullet Prin Payment at Maturity              600,000,000.00         80,921,000.00                         -     680,921,000.00
Total Distribution:Interest + Prin           600,050,416.67         80,929,148.30            168,257.15         681,147,822.12
</table>

ASSOCIATES CREDIT CARD MASTER NOTE TRUST
<table>
<caption>
Group 1                                      Coupon Rate             Balance          Interest Payments
                                         --------------------- --------------------- --------------------
                                         --------------------- --------------------- --------------------
<S>                                              <C>                    <C>                  <C>
Series 2000-2, Class A                          1.21%             $ 50,000,000.00        $ 50,416.67                     .67
Series 2000-2, Class B                          1.45%             $ 6,743,416.67          $ 8,148.30                   48.30
Series 2000-2, Class C                          1.86%            $ 108,553,000.00        $ 168,257.15                     15
</table>
<table>
<caption>
                                            Series 2000-2
                                         --------------------------------------------------------------------------------------
                                         --------------------------------------------------------------------------------------
                                               Class A               Class B               Class C                Total
                                         --------------------- --------------------- --------------------  --------------------
                                         --------------------- --------------------- --------------------  --------------------
<S>                                              <C>                   <C>                   <C>                   <C>
Prin Distr Reqd Amount @ Maturity           $600,000,000.00       $ 80,921,000.00            $ -              $ 680,921,000.00
Int Dist Reqd From Master Trust               $ 50,416.67           $ 8,148.30         $ 168,257.15.30          $ 226,822.12
PFA Int Shortfall Funded by CBSD             $ 403,291.77           $ 69,226.81              $ -                $ 472,518.58
PFA Int Funded by CP                         $ 151,291.56           $ 20,404.44              $ -                $ 171,696.00
Principal Deposit to PFA                    $ 50,000,000.00       $ 6,743,416.67             $ -               $ 56,743,416.67
Servicing Fee                                                                            $ 275,494.03             $ 275,494.03
                                         --------------------- --------------------- --------------------  --------------------
                                         --------------------- --------------------- --------------------  --------------------
Total                                       $650,605,000.00       $ 87,762,196.22        $ 443,751.18        $ 738,810,947.39
                                         ===================== ===================== ====================  ====================
                                         ===================== ===================== ====================  ====================

Total Cpn Dist to Class A +B+C               $ 605,000.00           $ 97,779.55          $ 168,257.15        $ 871,036.70
Total Cpn Dist to Class A + B                                                                                     $ 702,779.55
</table>
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SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
                    ----------------------------------------

                                   FORM 8 - K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

      DATE OF REPORT (Date of earliest event reported):  September 17th, 2003
 -------------------------------------------------------------------------------

                  CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                  ON BEHALF OF
                    ASSOCIATES CREDIT CARD MASTER NOTE TRUST
             (Exact name of registrant as specified in its charter)

                            UNITED STATES OF AMERICA
             ------------------------------------------------------
                 (State or other jurisdiction of incorporation)

                                   333-9486701
                            -------------------------
                            (Commission File Numbers)

                                   46-0358360
                            -------------------------
                      (IRS Employer Identification Number)

701 EAST 60TH STREET, NORTH
SIOUX FALLS, SOUTH DAKOTA                                        57117
------------------------------------------------              -------------
(Address of principal executive office)                        (Zip Code)

Registrants telephone number, including area code (605) 331-2626

Item 5.                           Other Events
                                  The monthly statements for the month of
                                  August 2003 were distributed to Noteholders
                                  on September 17, 2003.

Item 7 (C).                         Exhibits.

Exhibit No.                         Description

20.1     Series 2000-2 monthly statement for the month of August 2003.

                             SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                                AS SERVICER

                                         By:      /s/ Doug Morrison
                                                  -----------------------
                                                    Douglas Morrison
                                                    Chief Financial Officer
File:  August_03_8k-sec                                        CONFIDENTIAL
Servicer's Report                                              Date of Report:            9/17/2003
Interest Period: August 18, 2003 to September 16, 2003, pay on September 17, 2003.

Associates Credit Card Master Note Trust, Series 2000-2
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
                                                                    Transferor              Trust
                                                                     Interest              Totals
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
Beginning Principal Receivables Balance                                               4,926,695,121.26
Beginning Fin. Chrg. Receivables Balance                                               170,833,106.07
Beginning Total Receivables Balance                                                   5,097,528,227.33

Beginning Special Funding Accnt Balance                                                     0.00
Beginning Spread Account Balance                                                            0.00
Beginning Reserve Account Balance                                                           0.00

Beginning Period Invested Amount                                   4,761,398,704.59

Ending Period Invested Amount                                      4,831,043,710.32
Class A               Class B               Class C            Total Series
Monthly Master Note Trust Activities     Note                          Note                 Note                  Note
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
Initial Invested Amount                        600,000,000.00         80,921,000.00     108,553,000.00        789,474,000.00

Beginning Period Invested Amount                50,000,000.00          6,743,416.67     108,553,000.00        165,296,416.67
Principal Deposit to PFA on D.D.                50,000,000.00          6,743,416.67                       -     56,743,416.67
Principal Funding Acct (PFA) Balance           600,000,000.00         80,921,000.00                       -   680,921,000.00

Note Principal Balance Increase                          0.00                  0.00         0.00                  0.00
Note Principal Balance Decrease                          0.00                  0.00         0.00                  0.00

Reductions in Invested Amount this Period
 (Other than by Principal Payments)                      0.00                  0.00         0.00                  0.00
Previous Reductions in Invested Amount
  Reimbursed this Period                                 0.00                  0.00         0.00                  0.00

Ending Special Funding Accnt Balance
Ending Spread Account Balance
Ending Reserve Account Balance

Ending Period Invested Amount                            0.00                  0.00         0.00                  0.00
Note:  Citibank (South Dakota) as owner of the Series 2000-2 Class C Notes,
agreed to  surrender  their  certificates  for  cancellation  in lieu of cash in
connection with the discharge of the indenture on August 29, 2003.
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
Group I Information                                               Series 2000-2
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
Beginning Invested Amount                                            165,296,416.67
Average Rate                                                                  1.65%
Allocable Finance Charge Collections                                   2,924,429.10
Allocable Principal Collections                                       66,822,495.08
Allocable Default Amount Due                                           1,314,088.70
Allocable Monthly Interest Due                                           226,822.12
Monthly Interest on PFA Balance                                          644,214.58
Allocable Monthly Servicing Fees Due                                     275,494.03
Ending Invested Amount                                                         0.00
----------------------------------------
----------------------------------------
Payout Event Tests
----------------------------------------
----------------------------------------

Base Rate Trigger
3 Month Average Portfolio Yield                                       9.64%
3 Month Average Base Rate                                             3.56%
Spread                                                                6.08%
Trigger Pass Test: If Spread is >0, "Yes"                              Yes
Transferor's Interest Trigger
Required Transferor Interest                                                           338,173,059.72
Transferor Interest                                                                   4,831,043,710.32
Trigger Pass Test                                                                            Yes
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
             Series 2000-2

     Pursuant to the Master  Indenture dated as of April 1, 2000 (as amended and
supplemented,  the "Master  Indenture"),  between  Associates Credit Card Master
Note Trust (the  "Trust) and the Bank of New York,  as  indenture  trustee  (the
Indenture Trustee),  as supplemented by the Series 2000-2 Indenture  Supplement,
dated as of June 13, 2000 (the  "Indenture  Supplement"),  between the Trust and
the Indenture Trustee, Citibank (South Dakota), National Association("CBSD"), as
Servicer (the "Servicer") under the Transfer and Servicing  Agreement,  dated as
of April 1, 2000 (the  "Transfer  and  Servicing  Agreement")  between  Citibank
(South Dakota) National Association, as Transferor & Servicer, and the Trust, is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 2000-2  Noteholders and the performance of the Trust
during the previous month. The information which is required to be prepared with
respect to the Distribution  Date of September 17, 2003, and with respect to the
performance  of the  Trust  during  the  month of  August  is set  forth  below.
Capitalized terms used in this Monthly Statement have their respective  meanings
set forth in the Master Indenture and the Indenture Supplement.
Current Transaction Period:                                                           Amortization Period
Any Cash Flow Shortfalls this Period                                                         No
Any Cash Flow Shortfalls from Previous Period                                                No
Payout Event this Period:                                                                    No
Group I Participants:                                                                   Series 2000-2
MASTER NOTE TRUST RECEIVABLES

YIELD AND BASE RATE --
                                         August: (31 posting days)
Yield               Defaults                Total
Portfolio Yield (Current Month)                                              20.55%         9.23%                11.31%
Portfolio Yield (Prior Month)                                                20.41%        11.66%                 8.75%
Portfolio Yield (Two Months Ago)                                             19.08%        10.21%                 8.87%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                               9.64%
                                                                                                           --------------------
                                                                                                           --------------------
Servicing              Coupon                 Total
Base Rate (Current Month)                                             2.00%                 1.65%                 3.65%
Base Rate (Prior Month)                                               2.00%                 1.53%                 3.53%
Base Rate (Two Months Ago)                                            2.00%                 1.51%                 3.51%

THREE MONTH AVERAGE BASE RATE                                                                                     3.56%
                                                                                                           --------------------
                                                                                                           --------------------
Beginning Period Principal Receivables                                                4,926,695,121.26
Beginning Period Finance Charge Receivables                                            170,833,106.07
Beginning Period Discounted Receivables                                                     0.00
Beginning Period Total Receivables                                                    5,097,528,227.33

Removed Principal Receivables                                                               0.00
Removed Finance Charge Receivables                                                          0.00
Removed Total Receivables                                                                   0.00
Discounted Receivables Generated this Period                                                0.00
Additional Principal Receivables                                                            0.00
Additional Finance Charge Receivables                                                       0.00
Additional Total Receivables                                                                0.00

Total Principal Collections this Period                                                417,004,309.84
Total Defaulted Principal Receivables this Period                                       39,166,695.31
Total Receivables Adjustments this Period                                               10,214,920.62
Total Finance Charge Collections this Period                                            87,163,236.03
Total Discounted Receivables this Period                                                    0.00

Ending Period Principal Receivables                                                   4,831,043,710.32
Ending Period Finance Charge Receivables                                               172,039,476.00
Ending Period Discounted Receivables                                                        0.00
Ending Period Total Receivables                                                       5,003,083,186.32
                                                                                              0
DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                        31-60 Days Delinquent                          108,436,427.12
                                        61-90 Days Delinquent                           72,184,006.18
                                        91+ Days Delinquent                            136,736,987.32
                                                                                     --------------------
                                                                                     --------------------

                                        Total 31+ Days Delinquent                      317,357,420.62
                                                                                     --------------------
                                                                                     --------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-2
Floating Investor Percentage                   3.3551%         Floating Allocation Percentage                    3.3551%
Fixed Investor Percentage                      3.3551%         Series Allocation Percetage                      100.0000%
                                                               Principal Allocation Percentage                  16.0244%
FINANCE CHARGE ALLOCATIONS                                                                                        Total
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                  87,163,236.03
Investor Percentage                                                                        3.3551%
Investor Finance Charge Collections                                                     2,924,429.10          2,924,429.10
Excess Finance Charge Collections allocated to Series                                       0.00                  0.00
Available Finance Charge Collections                                                    2,924,429.10          2,924,429.10
CASH FLOW ALLOCATIONS
Class A Distributions
(1)Class A Monthly Interest                                                50,416.67
                                     (2)Class A Monthly Interest Previously Due                                   0.00
                                     (3)Class A Monthly Additional Interest                                       0.00
                                     (4)Class A Monthly Additional Interest Previously Due                        0.00
                                        Total Class A Monthly Interest                                          50,416.67

Class B Distributions
                                     (5)Class B Monthly Interest                                                8,148.30
                                     (6)Class B Monthly Interest Previously Due                                   0.00
                                     (7)Class B Monthly Additional Interest                                       0.00
                                     (8)Class B Monthly Additional Interest Previously Due                        0.00
                                        Total Class B Monthly Interest                                          8,148.30

                                     (9)Total Monthly Servicing Fee for Series                                 275,494.03
                                    (10)Total Servicing Fee for Series Previously Due                             0.00

                                    (11)Class A Prepayable Increase Amount Interest                               0.00
                                    (12)Class B Prepayable Increase Amount Interest                               0.00
                                    (13)Investor Default Amount                                               1,314,088.70
                                    (14)Investor Charge-Offs                                                      0.00
                                    (15)Reallocated Principal Collections Previously Due                          0.00

Class C Distributions
                                    (16)Class C Monthly Interest                                               168,257.15

                                    (21)Funds Required per Note Agreement under
                                          Sections 2.07, 2.08 & 2.09                                              0.00
                                    (22)Funds Required per Note Agreement under
                                          Sections 2.04 (e) & 7.01                                                0.00

Spread Account Distributions
                                    (23)Class C Spread Account Required Deposit                                   0.00

TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER
                                        SERIES' ALLOCATIONS                                                   1,108,024.25

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                          0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                          1,108,024.25
PRINCIPAL ALLOCATIONS
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Principal Collections                                 417,004,309.84
Series Allocation Percentage                                        100.0000%
Principal Allocation Percentage                                      16.0244%
Investor Principal Collections - Series Level                     66,822,495.08
Total Investor Principal Collections - Series Level               66,822,495.08
Class A               Class B               Class C                Total
                                         --------------------------------------------------------------------------------------
                                         --------------------------------------------------------------------------------------
Class Prin Percentages(A & B)                   88.12%                11.88%                0.00%                   100.00000%
Class Principal Collections                   58,881,275.58           7,941,219.50          0.00%                66,822,495.08
Class Prin Bal at end of Rev Prd             600,000,000.00         80,921,000.00       108,553,000.00             789,474,000
Monthly Deposit to PFA.                       50,000,000.00           6,743,416.67                        -      56,743,416.67
Shared Prin Collect for Oth Series             8,881,275.58           1,197,802.84                        -         10,079,078
Prin Pmt for Class C from Oth Series                          -                     -                     -                  0
Net (User)/Provider of Prin Collect            8,881,275.58           1,197,802.84                        -      10,079,078.41
Monthly Principal Payment to PFA              50,000,000.00           6,743,416.67                        -      56,743,416.67
Bullet Prin Payment at Maturity              600,000,000.00         80,921,000.00                         -     680,921,000.00
Total Distribution:Interest + Prin           600,050,416.67         80,929,148.30            168,257.15         681,147,822.12
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1                                      Coupon Rate             Balance          Interest Payments
                                         --------------------- --------------------- --------------------
                                         --------------------- --------------------- --------------------
Series 2000-2, Class A                          1.21%             $ 50,000,000.00        $ 50,416.67                     .67
Series 2000-2, Class B                          1.45%             $ 6,743,416.67          $ 8,148.30                   48.30
Series 2000-2, Class C                          1.86%            $ 108,553,000.00        $ 168,257.15                     15
Series 2000-2
                                         --------------------------------------------------------------------------------------
                                         --------------------------------------------------------------------------------------
                                               Class A               Class B               Class C                Total
                                         --------------------- --------------------- --------------------  --------------------
                                         --------------------- --------------------- --------------------  --------------------
Prin Distr Reqd Amount @ Maturity           $600,000,000.00       $ 80,921,000.00            $ -              $ 680,921,000.00
Int Dist Reqd From Master Trust               $ 50,416.67           $ 8,148.30         $ 168,257.15.30          $ 226,822.12
PFA Int Shortfall Funded by CBSD             $ 403,291.77           $ 69,226.81              $ -                $ 472,518.58
PFA Int Funded by CP                         $ 151,291.56           $ 20,404.44              $ -                $ 171,696.00
Principal Deposit to PFA                    $ 50,000,000.00       $ 6,743,416.67             $ -               $ 56,743,416.67
Servicing Fee                                                                            $ 275,494.03             $ 275,494.03
                                         --------------------- --------------------- --------------------  --------------------
                                         --------------------- --------------------- --------------------  --------------------
Total                                       $650,605,000.00       $ 87,762,196.22        $ 443,751.18        $ 738,810,947.39
                                         ===================== ===================== ====================  ====================
                                         ===================== ===================== ====================  ====================

Total Cpn Dist to Class A +B+C               $ 605,000.00           $ 97,779.55          $ 168,257.15        $ 871,036.70
Total Cpn Dist to Class A + B                                                                                     $ 702,779.55