SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 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) November 13, 2001

                              Universal Bank, N.A.
                 (Originator of the Universal Card Master Trust)
                           Universal Card Master Trust
                   (Issuer of the Asset Backed Certificates)
             (Exact name of registrant as specified in its charter)

United States of America        33-93806            58-1885168
(State or Other              (Commission File                 (IRS Employer
Jurisdiction of               Number)                          Identification
Incorporation)                                                    Number)


   200 Brookstone Centre, Suite 110
          Columbus, GA  31904                                   31904
(Address of Principal Executive Office)                       (Zip Code)


Registrants telephone number, including area code (706) 562-2200


                               N/A
 (Former Name or Former Address, if Changed Since Last Report)








INFORMATION TO BE INCLUDED IN THE REPORT

Items 1-4.                 Not Applicable

Item 5. The Certificateholder Statements for the month ending October 31, 2001
for the Universal Card Master Trust Series 1995-3, and Series
1997-1 Certificates were distributed on November 19, 2001.

Item 6.                             Not Applicable.

Item 7.                             Exhibits.

The following are filed as Exhibits to this Report under Exhibits 20.1,
and 20.4.


Exhibit 20.1                             Monthly Servicing Report dated
                                         November 19, 2001 with respect to the
                                         Universal Card Master Trust
                                         Series 1995-3.


Exhibit 20.4                             Monthly Servicing Report dated
                                         November 19, 2001. with respect to the
                                         Universal Card Master Trust
                                         Series 1997-1.








                                                     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.

                                                    UNIVERSAL BANK, N.A.



                                                  By:_/s/ Meridith Jarrell
                                             Name:   Meridith Jarrell
                                            Title:  President & Chief
                                                Operating Officer




                                                    EXHIBIT INDEX


Exhibit                             Description

20.1                                      Monthly Servicing Report dated
                                          November 19, 2001. with respect to the
                                          Universal Card Master Trust
                                          Series 1995-3.


20.4                                      Monthly Servicing Report dated
                                         November 19, 2001. with respect to the
                                          Universal Card Master Trust
                                          Series 1997-1.


                       Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                      Universal Card Master Trust
                    For the Due Period Ending October 31, 2001

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

This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.

<table>
<Caption>
A.   Information Regarding the Total Trust
     -------------------------------------

         <S>                                                            <C>
1. Trust Portfolio Yield ..................................            11.95%
       Total Yield Component  .............................            17.39%
       Net Credit Loss Component  .........................             5.44%
       Recoveries .........................................             0.50%
2. Principal Purchase Rate  ...............................            14.11%

3. Principal Payment  Rate  ...............................            13.99%

4. Aggregate Amount of Principal Receivables in the Trust :
     Beginning of Due Period  ............................  $  13,081,079,663
     Weighted Average (used for mid-month addition)  .....  $               0
     Lump Sum Addition  ..................................  $               0
     End of Due Period  ..................................  $  12,997,688,702
     Transferor's Interest  ..............................  $   6,394,688,702
     Aggregate Invested Amount of all Series: ............  $   6,603,000,000
</table>

5. Delinquencies (Aggregate outstanding balances in the Accounts that
   were delinquent by the time periods listed below as of the close of
   business of the month preceding the Distribution Date, as a percentage
   of aggregate Receivables as of the last day of the Due Period) :

<table>
<Caption>
                 <S>                                           <C>
       Current  ..........................................  $  12,329,939,104
         5-34 days delinquent  ...........................  $     547,431,736
        35-64 days delinquent  ...........................  $     181,192,203
        65-94 days delinquent  ...........................  $     117,733,188
       95-124 days delinquent  ...........................  $      90,203,171
      125-154 days delinquent  ...........................  $      70,992,863
      155-184 days delinquent  ...........................  $      58,389,869
</table>

<table>
<Caption>
               <S>                                                    <C>
      Current  ...........................................             92.04%
         5-34 days delinquent  ...........................              4.09%
        35-64 days delinquent  ...........................              1.35%
        65-94 days delinquent  ...........................              0.88%
       95-124 days delinquent  ...........................              0.67%
      125-154 days delinquent  ...........................              0.53%
      155-184 days delinquent  ...........................              0.44%
     35+ days delinquent  ................................              3.87%
</table>

                                      Page 4




                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                         Universal Card Master Trust
                    For the Due Period Ending October 31, 2001

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

B. Information Regarding Group 1
   -----------------------------
<table>
<Caption>
  (Percentage Basis)
         <S>                                               <C>
  1. Portfolio Yield                                      11.95%
  2. Weighted Average Certificate Rate                     3.20%
  3. Weighted Average Investor Fee Rates                   1.87%
</table>


C. Information Regarding Group 1
   -----------------------------
<table>
<Caption>
  (Dollars Basis)

            <S>                                     <C>
  1. Total Investor Collections                 $   270,151,627
         Principal Collections                  $   244,787,986
         Finance Charge Collections             $    25,363,641
  2. Investor Default Amount                    $     7,931,360
  3. Investor Monthly Interest                  $     5,134,471
  4. Investor Monthly Fees                      $     2,727,083
</table>























                                      Page 5


                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.

<table>
<Caption>
C2. Information Regarding Series 1995-3
   ------------------------------------
         <S>                                              <C>
    1. Total Investor Collections                    $  115,397,279
         Principal Collections                       $  104,909,137
         Reallocated Finance Charge Collections      $   10,488,142
    2. Investor Default Amount                       $    3,399,154
    3. Investor Monthly Interest                     $    1,818,498
    4. Investor Monthly Servicing Fee                $    1,168,750
    5. Excess Finance Charge Collections             $    4,111,447
</table>

*Finance charges have been reallocated based on sharing mechanics within the
Group, this amount also includes investment proceeds due to Series.

C3. Information Regarding Trigger Level
   ------------------------------------
<table>
<Caption>
Current Month
  <S>                                                      <C>
    1. Series Adjusted Portfolio Yield - current month   11.36%

    2. Base Rate - current month                          4.78%
         Coupon Component                                 2.91%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.58%
</table>

<table>
<Caption>
3 Month Averages
  <S>                                                      <C>
    4. Series Adjusted Portfolio Yield - 3 month average 11.11%

    5. Base Rate - 3 month average                        5.52%
         Coupon Component                                 3.65%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         5.59%
</table>













                                      Page 4

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
<table>
<Caption>
D. Information Regarding Series 1995-3
--------------------------------------

             <S>                                            <C>
 1a. Class A Invested Amount                             $  652,500,000

 1b. Class B Invested Amount                             $   45,000,000

 1c. CIA Invested Amount                                 $   52,500,000

 2a. Class A Monthly Interest                            $    1,567,835

 2b. Class B Monthly Interest                            $      112,664

 2c. CIA Monthly Interest                                $      137,998

 3a. Balance in the Class A Interest Funding Account     $    1,567,835

 3b. Balance in the Class B Interest Funding Account     $      112,664

 3c. Balance in the CIA Interest Funding Account         $      137,998

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

 6a. Class A Principal Deposit to PFA (2)                $            0

 6b. Class B Principal Deposit to PFA (2)                $            0

 6c. CIA Principal Deposit to PFA (2)                    $            0

 7a. Balance in Class A Principal Funding Account (2)    $            0

 7b. Balance in Class B Principal Funding Account (2)    $            0

 7c. Balance in CIA Principal Funding Account (2)        $            0
</table>
--------------------------------------------------------------------------
(2) Applicable during the Accumulation Period and any Early Amortization Period


                                      Page 5

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer
==============================================================================
                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001
==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
<table>
<Caption>
E. Information Regarding Charge-offs and Distributions to Certificateholders(3)
------------------------------------------------------------------------------

            <S>                                                         <C>
1a. The total amount of the distribution to Class A
    Certificateholders on the Payment Date                            $            0

1b. The total amount of the distribution to Class B
    Certificateholders on the Payment Date                            $            0

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      137,998

2a. The amount of the distribution set forth in item 1(a) above
    in respect of principal on the Class A Certificates               $            0

2b. The amount of the distribution set forth in item 1(b) above
    in respect of principal on the Class B Certificates               $            0

2c. The amount of the distribution set forth in item 1(c) above
    in respect of principal on the CIA                                $            0

3a. The amount of the distribution set forth in item 1(a) above
    in respect of interest on the Class A Certificates                $            0

3b. The amount of the distribution set forth in item 1(b) above
    in respect of interest on the Class B Certificates                $            0

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      137,998

4a. The amount, if any, by which the outstanding principal
    balance of the Class A Certificates exceeds the Class A
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4b. The amount, if any, by which the outstanding principal
    balance of the Class B Certificates exceeds the Class B
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4c. The amount, if any, by which the outstanding principal
    balance of the CIA exceeds the CIA
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0
</table>
       ----------------------------------------------------------
       (3) The following information, as applicable, is included
        only on Payment Date.
                                      Page 6

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001

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

This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.

The undersigned, a duly authorized representative of Universal Card Services
Corp.('UCS'), as a Servicer pursuant to the Pooling and Servicing Agreement
dated as of August 1, 1995 (as amended and supplemented, the 'Pooling And
Servicing Agreement'), among UCS, Universal Bank, N.A., as Transferor and
Bankers Trust Company, as Trustee (the 'Trustee'), does hereby certify the
information set forth below.

           1.    Capitalized terms used in the Certificate have their
                 respective meanings as set forth in the Agreement or Series
                 Supplement, as applicable.

           2.    Universal Card Services Corp. is, as of the date hereof, the
                 Servicer under the Agreement.

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on November 19, 2001

           5.    As of the date hereof, to the best knowledge of
                 the undersigned, the Servicer has performed in
                 all material respects all its obligations under
                 the Agreement through the Due Period preceeding
                 such Distribution Date.

           6.    As of the date hereof, to the best knowledge of the
                 undersigned, no Amortization Event has been deemed
                 to have occurred on or prior to such Distribution Date.

           7.    As of date hereof, to the best knowledge of the
                 undersigned, no Lien has been placed on any of the
                 Receivables other than pursuant to the Agreement.


                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 16 day of
                 November 2001

                             Universal Card Services Corp.,
                             Servicer

                                By:     /s/ Andrew Lubliner
                                   __________________________________________
                                        Name:    Andrew Lubliner
                                        Title:   Servicing Officer
                                      Page 7

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.

<table>
<Caption>
C2. Information Regarding Series 1997-1
   ------------------------------------
         <S>                                              <C>
    1. Total Investor Collections                    $  154,754,348
         Principal Collections                       $  139,878,849
         Reallocated Finance Charge Collections      $   14,875,499
    2. Investor Default Amount                       $    4,532,206
    3. Investor Monthly Interest                     $    3,315,973
    4. Investor Monthly Servicing Fee                $    1,558,333
    5. Excess Finance Charge Collections             $    5,475,081
</table>

*Finance charges have been reallocated based on sharing mechanics within the
Group, this amount also includes investment proceeds due to Series.

C3. Information Regarding Trigger Level
   ------------------------------------
<table>
<Caption>
Current Month
  <S>                                                      <C>
    1. Series Adjusted Portfolio Yield - current month   12.42%

    2. Base Rate - current month                          5.85%
         Coupon Component                                 3.98%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.57%
</table>

<table>
<Caption>
3 Month Averages
  <S>                                                      <C>
    4. Series Adjusted Portfolio Yield - 3 month average 11.28%

    5. Base Rate - 3 month average                        5.70%
         Coupon Component                                 3.83%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         5.58%
</table>













                                      Page 8

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
<table>
<Caption>
D. Information Regarding Series 1997-1
--------------------------------------

             <S>                                            <C>
 1a. Class A Invested Amount                             $  850,000,000

 1b. Class B Invested Amount                             $   80,000,000

 1c. CIA Invested Amount                                 $   70,000,000

 2a. Class A Monthly Interest                            $    2,843,958

 2b. Class B Monthly Interest                            $      281,600

 2c. CIA Monthly Interest                                $      190,415

 3a. Balance in the Class A Interest Funding Account     $    8,100,972

 3b. Balance in the Class B Interest Funding Account     $      802,133

 3c. Balance in the CIA Interest Funding Account         $      190,415

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

 6a. Class A Principal Deposit to PFA (2)                $            0

 6b. Class B Principal Deposit to PFA (2)                $            0

 6c. CIA Principal Deposit to PFA (2)                    $            0

 7a. Balance in Class A Principal Funding Account (2)    $            0

 7b. Balance in Class B Principal Funding Account (2)    $            0

 7c. Balance in CIA Principal Funding Account (2)        $            0
</table>
--------------------------------------------------------------------------
(2) Applicable during the Accumulation Period and any Early Amortization Period


                                      Page 9

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer
==============================================================================
                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001
==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
<table>
<Caption>
E. Information Regarding Charge-offs and Distributions to Certificateholders(3)
------------------------------------------------------------------------------

            <S>                                                         <C>
1a. The total amount of the distribution to Class A
    Certificateholders on the Payment Date                            $    8,100,972

1b. The total amount of the distribution to Class B
    Certificateholders on the Payment Date                            $      802,133

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      190,415

2a. The amount of the distribution set forth in item 1(a) above
    in respect of principal on the Class A Certificates               $            0

2b. The amount of the distribution set forth in item 1(b) above
    in respect of principal on the Class B Certificates               $            0

2c. The amount of the distribution set forth in item 1(c) above
    in respect of principal on the CIA                                $            0

3a. The amount of the distribution set forth in item 1(a) above
    in respect of interest on the Class A Certificates                $    8,100,972

3b. The amount of the distribution set forth in item 1(b) above
    in respect of interest on the Class B Certificates                $      802,133

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      190,415

4a. The amount, if any, by which the outstanding principal
    balance of the Class A Certificates exceeds the Class A
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4b. The amount, if any, by which the outstanding principal
    balance of the Class B Certificates exceeds the Class B
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4c. The amount, if any, by which the outstanding principal
    balance of the CIA exceeds the CIA
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0
</table>
       ----------------------------------------------------------
       (3) The following information, as applicable, is included
        only on Payment Date.
                                      Page 10

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001

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

This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.

The undersigned, a duly authorized representative of Universal Card Services
Corp.('UCS'), as a Servicer pursuant to the Pooling and Servicing Agreement
dated as of August 1, 1995 (as amended and supplemented, the 'Pooling And
Servicing Agreement'), among UCS, Universal Bank, N.A., as Transferor and
Bankers Trust Company, as Trustee (the 'Trustee'), does hereby certify the
information set forth below.

           1.    Capitalized terms used in the Certificate have their
                 respective meanings as set forth in the Agreement or Series
                 Supplement, as applicable.

           2.    Universal Card Services Corp. is, as of the date hereof, the
                 Servicer under the Agreement.

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on November 19, 2001

           5.    As of the date hereof, to the best knowledge of
                 the undersigned, the Servicer has performed in
                 all material respects all its obligations under
                 the Agreement through the Due Period preceeding
                 such Distribution Date.

           6.    As of the date hereof, to the best knowledge of the
                 undersigned, no Amortization Event has been deemed
                 to have occurred on or prior to such Distribution Date.

           7.    As of date hereof, to the best knowledge of the
                 undersigned, no Lien has been placed on any of the
                 Receivables other than pursuant to the Agreement.


                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 16 day of
                 November 2001

                             Universal Card Services Corp.,
                             Servicer

                                By:     /s/ Andrew Lubliner
                                   __________________________________________
                                        Name:    Andrew Lubliner
                                        Title:   Servicing Officer
                                      Page 11
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SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 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) November 13, 2001

                              Universal Bank, N.A.
                 (Originator of the Universal Card Master Trust)
                           Universal Card Master Trust
                   (Issuer of the Asset Backed Certificates)
             (Exact name of registrant as specified in its charter)

United States of America        33-93806            58-1885168
(State or Other              (Commission File                 (IRS Employer
Jurisdiction of               Number)                          Identification
Incorporation)                                                    Number)

   200 Brookstone Centre, Suite 110
          Columbus, GA  31904                                   31904
(Address of Principal Executive Office)                       (Zip Code)

Registrants telephone number, including area code (706) 562-2200

                               N/A
 (Former Name or Former Address, if Changed Since Last Report)

INFORMATION TO BE INCLUDED IN THE REPORT

Items 1-4.                 Not Applicable

Item 5. The Certificateholder Statements for the month ending October 31, 2001
for the Universal Card Master Trust Series 1995-3, and Series
1997-1 Certificates were distributed on November 19, 2001.

Item 6.                             Not Applicable.

Item 7.                             Exhibits.

The following are filed as Exhibits to this Report under Exhibits 20.1,
and 20.4.

Exhibit 20.1                             Monthly Servicing Report dated
                                         November 19, 2001 with respect to the
                                         Universal Card Master Trust
                                         Series 1995-3.

Exhibit 20.4                             Monthly Servicing Report dated
                                         November 19, 2001. with respect to the
                                         Universal Card Master Trust
                                         Series 1997-1.

                                                     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.

                                                    UNIVERSAL BANK, N.A.

                                                  By:_/s/ Meridith Jarrell
                                             Name:   Meridith Jarrell
                                            Title:  President & Chief
                                                Operating Officer

                                                    EXHIBIT INDEX

Exhibit                             Description

20.1                                      Monthly Servicing Report dated
                                          November 19, 2001. with respect to the
                                          Universal Card Master Trust
                                          Series 1995-3.

20.4                                      Monthly Servicing Report dated
                                         November 19, 2001. with respect to the
                                          Universal Card Master Trust
                                          Series 1997-1.

                       Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                      Universal Card Master Trust
                    For the Due Period Ending October 31, 2001

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

This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
A.   Information Regarding the Total Trust
     -------------------------------------
1. Trust Portfolio Yield ..................................            11.95%
       Total Yield Component  .............................            17.39%
       Net Credit Loss Component  .........................             5.44%
       Recoveries .........................................             0.50%
2. Principal Purchase Rate  ...............................            14.11%

3. Principal Payment  Rate  ...............................            13.99%

4. Aggregate Amount of Principal Receivables in the Trust :
     Beginning of Due Period  ............................  $  13,081,079,663
     Weighted Average (used for mid-month addition)  .....  $               0
     Lump Sum Addition  ..................................  $               0
     End of Due Period  ..................................  $  12,997,688,702
     Transferor's Interest  ..............................  $   6,394,688,702
     Aggregate Invested Amount of all Series: ............  $   6,603,000,000
5. Delinquencies (Aggregate outstanding balances in the Accounts that
   were delinquent by the time periods listed below as of the close of
   business of the month preceding the Distribution Date, as a percentage
   of aggregate Receivables as of the last day of the Due Period) :
Current  ..........................................  $  12,329,939,104
         5-34 days delinquent  ...........................  $     547,431,736
        35-64 days delinquent  ...........................  $     181,192,203
        65-94 days delinquent  ...........................  $     117,733,188
       95-124 days delinquent  ...........................  $      90,203,171
      125-154 days delinquent  ...........................  $      70,992,863
      155-184 days delinquent  ...........................  $      58,389,869
Current  ...........................................             92.04%
         5-34 days delinquent  ...........................              4.09%
        35-64 days delinquent  ...........................              1.35%
        65-94 days delinquent  ...........................              0.88%
       95-124 days delinquent  ...........................              0.67%
      125-154 days delinquent  ...........................              0.53%
      155-184 days delinquent  ...........................              0.44%
     35+ days delinquent  ................................              3.87%
Page 4

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                         Universal Card Master Trust
                    For the Due Period Ending October 31, 2001

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

B. Information Regarding Group 1
   -----------------------------
(Percentage Basis)
1. Portfolio Yield                                      11.95%
  2. Weighted Average Certificate Rate                     3.20%
  3. Weighted Average Investor Fee Rates                   1.87%
C. Information Regarding Group 1
   -----------------------------
(Dollars Basis)
1. Total Investor Collections                 $   270,151,627
         Principal Collections                  $   244,787,986
         Finance Charge Collections             $    25,363,641
  2. Investor Default Amount                    $     7,931,360
  3. Investor Monthly Interest                  $     5,134,471
  4. Investor Monthly Fees                      $     2,727,083
Page 5

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
C2. Information Regarding Series 1995-3
   ------------------------------------
1. Total Investor Collections                    $  115,397,279
         Principal Collections                       $  104,909,137
         Reallocated Finance Charge Collections      $   10,488,142
    2. Investor Default Amount                       $    3,399,154
    3. Investor Monthly Interest                     $    1,818,498
    4. Investor Monthly Servicing Fee                $    1,168,750
    5. Excess Finance Charge Collections             $    4,111,447
*Finance charges have been reallocated based on sharing mechanics within the
Group, this amount also includes investment proceeds due to Series.

C3. Information Regarding Trigger Level
   ------------------------------------
Current Month
1. Series Adjusted Portfolio Yield - current month   11.36%

    2. Base Rate - current month                          4.78%
         Coupon Component                                 2.91%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.58%
3 Month Averages
4. Series Adjusted Portfolio Yield - 3 month average 11.11%

    5. Base Rate - 3 month average                        5.52%
         Coupon Component                                 3.65%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         5.59%
Page 4

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
D. Information Regarding Series 1995-3
--------------------------------------
1a. Class A Invested Amount                             $  652,500,000

 1b. Class B Invested Amount                             $   45,000,000

 1c. CIA Invested Amount                                 $   52,500,000

 2a. Class A Monthly Interest                            $    1,567,835

 2b. Class B Monthly Interest                            $      112,664

 2c. CIA Monthly Interest                                $      137,998

 3a. Balance in the Class A Interest Funding Account     $    1,567,835

 3b. Balance in the Class B Interest Funding Account     $      112,664

 3c. Balance in the CIA Interest Funding Account         $      137,998

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

 6a. Class A Principal Deposit to PFA (2)                $            0

 6b. Class B Principal Deposit to PFA (2)                $            0

 6c. CIA Principal Deposit to PFA (2)                    $            0

 7a. Balance in Class A Principal Funding Account (2)    $            0

 7b. Balance in Class B Principal Funding Account (2)    $            0

 7c. Balance in CIA Principal Funding Account (2)        $            0
--------------------------------------------------------------------------
(2) Applicable during the Accumulation Period and any Early Amortization Period

                                      Page 5

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer
==============================================================================
                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001
==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
E. Information Regarding Charge-offs and Distributions to Certificateholders(3)
------------------------------------------------------------------------------
1a. The total amount of the distribution to Class A
    Certificateholders on the Payment Date                            $            0

1b. The total amount of the distribution to Class B
    Certificateholders on the Payment Date                            $            0

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      137,998

2a. The amount of the distribution set forth in item 1(a) above
    in respect of principal on the Class A Certificates               $            0

2b. The amount of the distribution set forth in item 1(b) above
    in respect of principal on the Class B Certificates               $            0

2c. The amount of the distribution set forth in item 1(c) above
    in respect of principal on the CIA                                $            0

3a. The amount of the distribution set forth in item 1(a) above
    in respect of interest on the Class A Certificates                $            0

3b. The amount of the distribution set forth in item 1(b) above
    in respect of interest on the Class B Certificates                $            0

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      137,998

4a. The amount, if any, by which the outstanding principal
    balance of the Class A Certificates exceeds the Class A
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4b. The amount, if any, by which the outstanding principal
    balance of the Class B Certificates exceeds the Class B
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4c. The amount, if any, by which the outstanding principal
    balance of the CIA exceeds the CIA
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0
----------------------------------------------------------
       (3) The following information, as applicable, is included
        only on Payment Date.
                                      Page 6

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending October 31, 2001

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

This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.

The undersigned, a duly authorized representative of Universal Card Services
Corp.('UCS'), as a Servicer pursuant to the Pooling and Servicing Agreement
dated as of August 1, 1995 (as amended and supplemented, the 'Pooling And
Servicing Agreement'), among UCS, Universal Bank, N.A., as Transferor and
Bankers Trust Company, as Trustee (the 'Trustee'), does hereby certify the
information set forth below.

           1.    Capitalized terms used in the Certificate have their
                 respective meanings as set forth in the Agreement or Series
                 Supplement, as applicable.

           2.    Universal Card Services Corp. is, as of the date hereof, the
                 Servicer under the Agreement.

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on November 19, 2001

           5.    As of the date hereof, to the best knowledge of
                 the undersigned, the Servicer has performed in
                 all material respects all its obligations under
                 the Agreement through the Due Period preceeding
                 such Distribution Date.

           6.    As of the date hereof, to the best knowledge of the
                 undersigned, no Amortization Event has been deemed
                 to have occurred on or prior to such Distribution Date.

           7.    As of date hereof, to the best knowledge of the
                 undersigned, no Lien has been placed on any of the
                 Receivables other than pursuant to the Agreement.

                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 16 day of
                 November 2001

                             Universal Card Services Corp.,
                             Servicer

                                By:     /s/ Andrew Lubliner
                                   __________________________________________
                                        Name:    Andrew Lubliner
                                        Title:   Servicing Officer
                                      Page 7

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
C2. Information Regarding Series 1997-1
   ------------------------------------
1. Total Investor Collections                    $  154,754,348
         Principal Collections                       $  139,878,849
         Reallocated Finance Charge Collections      $   14,875,499
    2. Investor Default Amount                       $    4,532,206
    3. Investor Monthly Interest                     $    3,315,973
    4. Investor Monthly Servicing Fee                $    1,558,333
    5. Excess Finance Charge Collections             $    5,475,081
*Finance charges have been reallocated based on sharing mechanics within the
Group, this amount also includes investment proceeds due to Series.

C3. Information Regarding Trigger Level
   ------------------------------------
Current Month
1. Series Adjusted Portfolio Yield - current month   12.42%

    2. Base Rate - current month                          5.85%
         Coupon Component                                 3.98%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.57%
3 Month Averages
4. Series Adjusted Portfolio Yield - 3 month average 11.28%

    5. Base Rate - 3 month average                        5.70%
         Coupon Component                                 3.83%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         5.58%
Page 8

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001

==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
D. Information Regarding Series 1997-1
--------------------------------------
1a. Class A Invested Amount                             $  850,000,000

 1b. Class B Invested Amount                             $   80,000,000

 1c. CIA Invested Amount                                 $   70,000,000

 2a. Class A Monthly Interest                            $    2,843,958

 2b. Class B Monthly Interest                            $      281,600

 2c. CIA Monthly Interest                                $      190,415

 3a. Balance in the Class A Interest Funding Account     $    8,100,972

 3b. Balance in the Class B Interest Funding Account     $      802,133

 3c. Balance in the CIA Interest Funding Account         $      190,415

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

 6a. Class A Principal Deposit to PFA (2)                $            0

 6b. Class B Principal Deposit to PFA (2)                $            0

 6c. CIA Principal Deposit to PFA (2)                    $            0

 7a. Balance in Class A Principal Funding Account (2)    $            0

 7b. Balance in Class B Principal Funding Account (2)    $            0

 7c. Balance in CIA Principal Funding Account (2)        $            0
--------------------------------------------------------------------------
(2) Applicable during the Accumulation Period and any Early Amortization Period

                                      Page 9

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer
==============================================================================
                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001
==============================================================================
This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.
E. Information Regarding Charge-offs and Distributions to Certificateholders(3)
------------------------------------------------------------------------------
1a. The total amount of the distribution to Class A
    Certificateholders on the Payment Date                            $    8,100,972

1b. The total amount of the distribution to Class B
    Certificateholders on the Payment Date                            $      802,133

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      190,415

2a. The amount of the distribution set forth in item 1(a) above
    in respect of principal on the Class A Certificates               $            0

2b. The amount of the distribution set forth in item 1(b) above
    in respect of principal on the Class B Certificates               $            0

2c. The amount of the distribution set forth in item 1(c) above
    in respect of principal on the CIA                                $            0

3a. The amount of the distribution set forth in item 1(a) above
    in respect of interest on the Class A Certificates                $    8,100,972

3b. The amount of the distribution set forth in item 1(b) above
    in respect of interest on the Class B Certificates                $      802,133

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      190,415

4a. The amount, if any, by which the outstanding principal
    balance of the Class A Certificates exceeds the Class A
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4b. The amount, if any, by which the outstanding principal
    balance of the Class B Certificates exceeds the Class B
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0

4c. The amount, if any, by which the outstanding principal
    balance of the CIA exceeds the CIA
    Invested Amount as of the end of the Record Date with
    respect to the Payment Date                                       $            0
----------------------------------------------------------
       (3) The following information, as applicable, is included
        only on Payment Date.
                                      Page 10

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer

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

                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending October 31, 2001

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

This Certificate relates to the Due Period ending Oct 31, 2001 and the related
Distribution Date.

The undersigned, a duly authorized representative of Universal Card Services
Corp.('UCS'), as a Servicer pursuant to the Pooling and Servicing Agreement
dated as of August 1, 1995 (as amended and supplemented, the 'Pooling And
Servicing Agreement'), among UCS, Universal Bank, N.A., as Transferor and
Bankers Trust Company, as Trustee (the 'Trustee'), does hereby certify the
information set forth below.

           1.    Capitalized terms used in the Certificate have their
                 respective meanings as set forth in the Agreement or Series
                 Supplement, as applicable.

           2.    Universal Card Services Corp. is, as of the date hereof, the
                 Servicer under the Agreement.

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on November 19, 2001

           5.    As of the date hereof, to the best knowledge of
                 the undersigned, the Servicer has performed in
                 all material respects all its obligations under
                 the Agreement through the Due Period preceeding
                 such Distribution Date.

           6.    As of the date hereof, to the best knowledge of the
                 undersigned, no Amortization Event has been deemed
                 to have occurred on or prior to such Distribution Date.

           7.    As of date hereof, to the best knowledge of the
                 undersigned, no Lien has been placed on any of the
                 Receivables other than pursuant to the Agreement.

                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 16 day of
                 November 2001

                             Universal Card Services Corp.,
                             Servicer

                                By:     /s/ Andrew Lubliner
                                   __________________________________________
                                        Name:    Andrew Lubliner
                                        Title:   Servicing Officer
                                      Page 11