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):  March 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
                                  February 2003 were distributed to Noteholders
                                  on March 17, 2003.


Item 7 (C).                         Exhibits.

Exhibit No.                         Description

20.1     Series 2000-1 monthly statement for the month of February 2003.
20.2     Series 2000-2 monthly statement for the month of February 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:February '03 8k_2000-1                                        CONFIDENTIAL
Servicer's Report                                                Date of Report:          3/25/2003
Interest Period: February 18, 2003 to March 16, 2003 pay on March 17, 2003.


Associates Credit Card Master Note Trust, Series 2000-1
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
                                                                    Transferor              Trust
                                                                     Interest               Totals
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
<S>                                                                    <C>                   <C>
Beginning Principal Receivables Balance                                                  5,432,938,698.11
Beginning Fin. Chrg. Receivables Balance                                                   197,812,787.52
Beginning Total Receivables Balance                                                      5,630,751,485.63

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

Beginning Period Invested Amount                                 4,076,262,114.78

Ending Period Invested Amount                                    4,221,309,959.68
<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 = Prin Bal          760,000,000.00        102,500,000.00        137,500,000.00           1,000,000,000.00

Beginning Period Invested Amount            190,000,000.00        25,625,000.00         137,500,000.00         353,125,000.00
Principal Deposit to PFA                     63,333,333.33         8,541,666.67              0.00               71,875,000.00
Principal Funding Acct (PFA) Bal            633,333,333.33        85,416,666.67              0.00              718,750,000.00

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               126,666,666.67        17,083,333.33         137,500,000.00         281,250,000.00
</table>

<Table>
<Caption>
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
Group I Information                                               Series 2000-1
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
<S>                                                                    <C>
Beginning Invested Amount                                            353,125,000.00
Average Rate                                                                  1.72%
Allocable Finance Charge Collections                                   6,212,282.52
Allocable Principal Collections                                       73,749,136.90
Allocable Default Amount Due                                           3,229,683.47
Allocable Monthly Interest Due from Trust                                456,250.20
Monthly Interest on PFA Balance                                          722,543.56
Allocable Monthly Servicing Fees Due                                     588,541.67
Ending Invested Amount                                               281,250,000.00
</table>
<table>
<caption>
----------------------------------------
----------------------------------------
Payout Event Tests
----------------------------------------
----------------------------------------

Base Rate Trigger
<S>                                                                    <C>
3 Month Average Portfolio Yield                                       10.76%
3 Month Average Base Rate                                             3.72%
Spread                                                                7.04%
Trigger Pass Test: If Spread is >0, "Yes"                              Yes
<Caption>
Transferor's Interest Trigger
<S>                                                                                          <C>
Required Transferor Interest                                                            372,997,435.51
Transferor Interest                                                                    4,221,309,959.68
Trigger Pass Test                                                                            Yes
</table>

           ASSOCIATES CREDIT CARD MASTER NOTE TRUST
             Series 2000-1

     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 2000-1 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 2000-1  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 March 17th,  2003 and with  respect to the
performance  of the Trust  during  the  month of  February  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 2000-1
</table>

MASTER NOTE TRUST RECEIVABLES

YIELD AND BASE RATE --
                                                 February: (28 posting days)
<table>
<caption>
                                                                              Yield        Defaults                 Total
<S>                                                                             <C>          <C>                     <C>
Portfolio Yield (Current Month)                                              22.62%         11.76%                 10.86%
Portfolio Yield (Prior Month)                                                21.62%         10.58%                 11.05%
Portfolio Yield (Two Months Ago)                                             21.42%         11.04%                 10.38%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                                10.76%
                                                                                                            ----------------------
                                                                                                            ----------------------
</table>

<table>
<caption>
                                                                    Servicing               Coupon                  Total
<S>                                                                    <C>                   <C>                     <C>
Base Rate (Current Month)                                             2.00%                 1.72%                   3.72%
Base Rate (Prior Month)                                               2.00%                 1.71%                   3.71%
Base Rate (Two Months Ago)                                            2.00%                 1.74%                   3.74%

THREE MONTH AVERAGE BASE RATE                                                                                       3.72%
                                                                                                            ----------------------
                                                                                                            ----------------------
</table>

<table>
<caption>
<S>                                                                                          <C>
Beginning Period Principal Receivables                                                 5,432,938,698.11
Beginning Period Finance Charge Receivables                                             197,812,787.52
Beginning Period Discounted Receivables                                                      0.00
Beginning Period Total Receivables                                                     5,630,751,485.63

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                                                 400,674,539.84
Total Defaulted Principal Receivables this Period                                       49,689,691.46
Total Receivables Adjustments this Period                                               15,643,027.72
Total Finance Charge Collections this Period                                            95,577,911.77
Total Discounted Receivables this Period                                                     0.00

Ending Period Principal Receivables                                                    5,328,534,793.01
Ending Period Finance Charge Receivables                                                198,756,586.86
Ending Period Discounted Receivables                                                         0.00
Ending Period Total Receivables                                                        5,527,291,379.87

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                        31-60 Days Delinquent                           112,062,270.96
                                        61-90 Days Delinquent                           84,533,235.42
                                        91+ Days Delinquent                             177,953,526.89
                                                                                     ---------------------
                                                                                     ---------------------

                                        Total 31+ Days Delinquent                          374,549,033.27
                                                                                     ---------------------
                                                                                     ---------------------
</table>

ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-1                                                           `
<table>
<S>                                               <C>                  <C>                                           <C>
Floating Investor Percentage                    6.4997%        Floating Allocation Percentage                            22.7204%
Fixed Investor Percentage                       6.4997%        Series Allocation Percetage                               28.6074%
                                                               Principal Allocation Percentage                           64.3409%
</table>

<table>
<caption>
FINANCE CHARGE ALLOCATIONS                                                                                          Total
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>                     <C>
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                  95,577,911.77
Investor Percentage                                                                        6.4997%
Investor Finance Charge Collections                                                      6,212,282.52                6,212,282.52
Excess Finance Charge Collections allocated to Series                                        0.00                            0.00
Available Finance Charge Collections                                                     6,212,282.52                6,212,282.52
</table>
CASH FLOW ALLOCATIONS
<table>
<caption>
Class A Distributions
<S>                                     <C>                                                                          <C>
                                     (1)Class A Monthly Interest                                                       208,584.38
                                     (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                                                 208,584.38

Class B Distributions
                                     (5)Class B Monthly Interest                                                        32,263.48
                                     (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                                                  32,263.48

                                     (9)Total Monthly Servicing Fee for Series                                         588,541.67
                                    (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                                                      3,229,683.47
                                    (14)Investor Charge-Offs                                                                 0.00
                                    (15)Reallocated Principal Collections Previously Due                                     0.00

Class C Distributions
                                    (16)Class C Monthly Interest                                                       215,402.34

                                    (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                                                          1,937,807.18

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                                     0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                                 1,937,807.18
</table>

<table>
<caption>
PRINCIPAL ALLOCATIONS
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
<S>                                                                    <C>                   <C>                     <C>
AVAILABLE FUNDS
Total Trust Principal Collections                                 400,674,539.84
Series Allocation Percentage                                         28.6074%
Principal Allocation Percentage                                      64.3409%
Investor Principal Collections - Series Level                     73,749,136.90
Total Investor Principal Collections - Series Level               73,749,136.90
<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                   64,984,746.72           8,764,390.18          0.00%                   73,749,136.90
Class Prin Bal at end of Rev Prd             760,000,000.00        102,500,000.00        137,500,000.00             1,000,000,000
Monthly Deposit to PFA.                       63,333,333.33           8,541,666.67                                  71,875,000.00
Shared Prin Collect for Oth Series              1,651,413.39            222,723.52                         -            1,874,137
Prin Pmt for Class C from Oth Series                           -                    -                      -                    0
Net (User)/Provider of Prin Collect             1,651,413.39            222,723.52                         -         1,874,136.90
Monthly Principal Payment to PFA              63,333,333.33           8,541,666.67                         -        71,875,000.00
Bullet Prin Payment at Maturity                                -                    -                      -                 0.00
Total Distribution:  Int + Prin                   208,584.38             32,263.48            215,402.34               456,250.20
</table>

ASSOCIATES CREDIT CARD MASTER NOTE TRUST
<table>
<caption>
Group 1                                       Coupon Rate            Balance          Interest Payments
                                          -------------------- --------------------- ---------------------
                                          -------------------- --------------------- ---------------------
<S>                                               <C>                   <C>                   <C>
Series 2000-1, Class A                           1.46%           $ 190,000,000.00        $ 208,584.38                        8
Series 2000-1, Class B                           1.68%            $ 25,625,000.00         $ 32,263.48                      .48
Series 2000-1, Class C                           2.09%           $ 137,500,000.00        $ 215,402.34                        4
</table>
<table>
<caption>
                                             Series 2000-1
                                          ----------------------------------------------------------------------------------------
                                          ----------------------------------------------------------------------------------------
                                                Class A              Class B               Class C                  Total
                                          -------------------- --------------------- ---------------------  ----------------------
                                          -------------------- --------------------- ---------------------  ----------------------
<S>                                               <C>                  <C>                   <C>                     <C>
Prin Distr Reqd Amount @ Maturity                 $ -                   $ -     -             $ -      -                     -$ -
Int Dist Reqd From Master Trust               $ 208,584.38          $ 32,263.48 8        $ 215,402.34 48             $ 456,250.20
PFA Int Shortfall Funded by CBSD              $ 169,388.33          $ 35,241.23 3             $ -     23             $ 204,629.56
PFA Int Funded by CP                          $ 456,364.80          $ 61,549.20 0             $ -     20             $ 517,914.00
Principal Deposit to PFA                    $ 63,333,333.33       $ 8,541,666.67              $ -                 $ 71,875,000.00
Servicing Fee                                                                            $ 588,541.67                $ 588,541.67
                                          -------------------- --------------------- ---------------------  ----------------------
                                          -------------------- --------------------- ---------------------  ----------------------
Total                                       $ 64,167,670.84       $ 8,670,720.58         $ 803,944.01          $ 73,642,335.43
                                          ==================== ===================== =====================  ======================
                                          ==================== ===================== =====================  ======================

Total Cpn Dist to Class A +B+C                $ 834,337.51         $ 129,053.91 1        $ 215,402.34  1        $ 1,178,793.76
Total Cpn Dist to Class A + B                                                                                    $ 963,391.42
</table>

<table>
<caption>
File:February '03 8k_2000-1                                     CONFIDENTIAL
Servicer's Report                                               Date of Report:            3/25/2003
Interest Period: February 18, 2003 to March 16, 2003 pay on March 17, 2003.


Associates Credit Card Master Note Trust, Series 2000-2
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
                                                                     Transferor              Trust
                                                                      Interest               Totals
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>                   <C>
Beginning Principal Receivables Balance                                                 5,432,938,698.11
Beginning Fin. Chrg. Receivables Balance                                                 197,812,787.52
Beginning Total Receivables Balance                                                     5,630,751,485.63

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

Beginning Period Invested Amount                                    4,076,262,114.78

Ending Period Invested Amount                                       4,221,309,959.68
<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               350,000,000.00          47,203,916.67      108,553,000.00        505,756,916.67
Principal Deposit to PFA on D.D.                50,000,000.00           6,743,416.67                       -     56,743,416.67
Principal Funding Acct (PFA) Balance           300,000,000.00          40,460,500.00                       -    340,460,500.00

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                  300,000,000.00          40,460,500.00     108,553,000.00        449,013,500.00
</table>

<table>
<Caption>
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Group I Information                                                Series 2000-2
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
<S>                                                                     <C>
Beginning Invested Amount                                             505,756,916.67
Average Rate                                                                   1.60%
Allocable Finance Charge Collections                                    8,897,429.67
Allocable Principal Collections                                        58,223,026.11
Allocable Default Amount Due                                            4,625,655.94
Allocable Monthly Interest Due                                            607,159.62
Monthly Interest on PFA Balance                                           312,217.55
Allocable Monthly Servicing Fees Due                                      842,928.19
Ending Invested Amount                                                449,013,500.00
</table>
<table>
<caption>
-----------------------------------------
-----------------------------------------
Payout Event Tests
-----------------------------------------
-----------------------------------------

Base Rate Trigger
<S>                                                                     <C>
3 Month Average Portfolio Yield                                        10.76%
3 Month Average Base Rate                                              3.62%
Spread                                                                 7.14%
Trigger Pass Test: If Spread is >0, "Yes"                               Yes
<Caption>
Transferor's Interest Trigger
<S>                                                                                           <C>
Required Transferor Interest                                                             372,997,435.51
Transferor Interest                                                                     4,221,309,959.68
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 March 17,  2003,  and with  respect to the
performance  of the Trust  during  the  month of  February  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 --
                                          February: (28 posting days)
<table>
<caption>
                                                                       Yield                Defaults               Total
<S>                                                                     <C>                   <C>                   <C>
Portfolio Yield (Current Month)                                               22.62%         11.76%                10.86%
Portfolio Yield (Prior Month)                                                 21.62%         10.58%                11.05%
Portfolio Yield (Two Months Ago)                                              21.42%         11.04%                10.38%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                                10.76%
                                                                                                            ---------------------
                                                                                                            ---------------------
</table>

<table>
<caption>
                                                                     Servicing               Coupon                Total
<S>                                                                     <C>                   <C>                   <C>
Base Rate (Current Month)                                              2.00%                 1.60%                 3.60%
Base Rate (Prior Month)                                                2.00%                 1.61%                 3.61%
Base Rate (Two Months Ago)                                             2.00%                 1.66%                 3.66%

THREE MONTH AVERAGE BASE RATE                                                                                      3.62%
                                                                                                            ---------------------
                                                                                                            ---------------------
</table>

<table>
<caption>
<S>                                                                                           <C>
Beginning Period Principal Receivables                                                  5,432,938,698.11
Beginning Period Finance Charge Receivables                                              197,812,787.52
Beginning Period Discounted Receivables                                                       0.00
Beginning Period Total Receivables                                                      5,630,751,485.63

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                                                  400,674,539.84
Total Defaulted Principal Receivables this Period                                        49,689,691.46
Total Receivables Adjustments this Period                                                15,643,027.72
Total Finance Charge Collections this Period                                             95,577,911.77
Total Discounted Receivables this Period                                                      0.00

Ending Period Principal Receivables                                                     5,328,534,793.01
Ending Period Finance Charge Receivables                                                 198,756,586.86
Ending Period Discounted Receivables                                                          0.00
Ending Period Total Receivables                                                         5,527,291,379.87

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                         31-60 Days Delinquent                           112,062,270.96
                                         61-90 Days Delinquent                           84,533,235.42
                                         91+ Days Delinquent                             177,953,526.89
                                                                                      ---------------------
                                                                                      ---------------------

                                         Total 31+ Days Delinquent                       374,549,033.27
                                                                                      ---------------------
                                                                                      ---------------------
</table>

ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-2
<table>
<S>                                               <C>                   <C>                                         <C>
Floating Investor Percentage                    9.3091%         Floating Allocation Percentage                    41.2184%
Fixed Investor Percentage                       9.3091%         Series Allocation Percetage                       22.5848%
                                                                Principal Allocation Percentage                   64.3409%
</table>

<table>
<caption>
FINANCE CHARGE ALLOCATIONS                                                                                         Total
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                           <C>                   <C>
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                   95,577,911.77
Investor Percentage                                                                         9.3091%
Investor Finance Charge Collections                                                       8,897,429.67          8,897,429.67
Excess Finance Charge Collections allocated to Series                                         0.00                  0.00
Available Finance Charge Collections                                                      8,897,429.67          8,897,429.67
</table>
CASH FLOW ALLOCATIONS
<table>
<caption>
Class A Distributions
<S>                                      <C>                                                                        <C>
                                      (1)Class A Monthly Interest                                                377,671.88
                                      (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                                          377,671.88

Class B Distributions
                                      (5)Class B Monthly Interest                                                59,432.68
                                      (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                                          59,432.68

                                      (9)Total Monthly Servicing Fee for Series                                  842,928.19
                                     (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                                                4,625,655.94
                                     (14)Investor Charge-Offs                                                       0.00
                                     (15)Reallocated Principal Collections Previously Due                           0.00

Class C Distributions
                                     (16)Class C Monthly Interest                                                170,055.06

                                     (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                                                    2,821,685.92

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                            0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                            2,821,685.92
</table>

<table>
<caption>
PRINCIPAL ALLOCATIONS
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
<S>                                               <C>                   <C>                   <C>                   <C>
AVAILABLE FUNDS
Total Trust Principal Collections                                  400,674,539.84
Series Allocation Percentage                                          22.5848%
Principal Allocation Percentage                                       64.3409%
Investor Principal Collections - Series Level                      58,223,026.11
Total Investor Principal Collections - Series Level                58,223,026.11
<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                   51,303,771.90            6,919,254.21          0.00%                 58,223,026.11
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              1,303,771.90             175,837.54                        -           1,479,609
Prin Pmt for Class C from Oth Series                           -                     -                     -                   0
Net (User)/Provider of Prin Collect             1,303,771.90             175,837.54                        -        1,479,609.44
Monthly Principal Payment to PFA              50,000,000.00            6,743,416.67                        -       56,743,416.67
Bullet Prin Payment at Maturity                                -                     -                     -                0.00
Total Distribution:Interest + Prin                377,671.88              59,432.68            170,055.06             607,159.62
</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                           1.44%            $ 350,000,000.00        $ 377,671.88                        8
Series 2000-2, Class B                           1.68%             $ 47,203,916.67         $ 59,432.68                       68
Series 2000-2, Class C                           2.09%            $ 108,553,000.00        $ 170,055.06                        6
</table>
<table>
<caption>
                                             Series 2000-2
                                          ---------------------------------------------------------------------------------------
                                          ---------------------------------------------------------------------------------------
                                                Class A               Class B               Class C                Total
                                          --------------------  --------------------- --------------------- ---------------------
                                          --------------------  --------------------- --------------------- ---------------------
<S>                                               <C>                   <C>                   <C>                   <C>
Prin Distr Reqd Amount @ Maturity                 $ -                    $ -    -              $ -                   $--
Int Dist Reqd From Master Trust               $ 377,671.88           $ 59,432.68         $ 170,055.06           $ 607,159.62
PFA Int Shortfall Funded by CBSD              $ 69,606.44            $ 15,456.78              $ -                $ 85,063.22
PFA Int Funded by CP                          $ 200,159.19           $ 26,995.14              $ -               $ 227,154.33
Principal Deposit to PFA                    $ 50,000,000.00        $ 6,743,416.67              $ -               $ 56,743,416.67
Servicing Fee                                                                             $ 842,928.19              $ 842,928.19
                                          --------------------  --------------------- --------------------- ---------------------
                                          --------------------  --------------------- --------------------- ---------------------
Total                                       $ 50,647,437.51        $ 6,845,301.27        $ 1,012,983.25        $ 58,505,722.03
                                          ====================  ===================== ===================== =====================
                                          ====================  ===================== ===================== =====================

Total Cpn Dist to Class A +B+C                $ 647,437.51          $ 101,884.601         $ 170,055.06  0       $ 919,377.17  6
Total Cpn Dist to Class A + B                                                                                       $ 749,322.11
</table>
[{"type": "8-K", "sequence": "1", "filename": "at022803.txt", "description": "ASSOCIATES MONTHLY 8-K", "secsgml_size_bytes": 51859}]
[{"company-data": {"conformed-name": "ASSOCIATES CREDIT CARD MASTER NOTE TRUST", "cik": "0001103057", "assigned-sic": "7389"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-94867", "film-number": "03615788"}, "business-address": {"street1": "290 E CARPENTER FREEWAY", "city": "IRVING", "state": "TX", "zip": "75062", "phone": "9726524000"}, "mail-address": {"street1": "290 E CARPENTER FREEWAY", "city": "IRVING", "state": "TX", "zip": "75062"}}, {"company-data": {"conformed-name": "CITIBANK SOUTH DAKOTA N A", "cik": "0000839947", "assigned-sic": "6189", "irs-number": "460358360", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17797", "film-number": "03615789"}, "business-address": {"street1": "425 PARK AVE.", "street2": "2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043", "phone": "6053312626"}, "mail-address": {"street1": "CITIBANK N A LEGAL AFFAIRS OFFICE", "street2": "425 PARK AVENUE 2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043"}}]
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):  March 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
                                  February 2003 were distributed to Noteholders
                                  on March 17, 2003.

Item 7 (C).                         Exhibits.

Exhibit No.                         Description

20.1     Series 2000-1 monthly statement for the month of February 2003.
20.2     Series 2000-2 monthly statement for the month of February 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:February '03 8k_2000-1                                        CONFIDENTIAL
Servicer's Report                                                Date of Report:          3/25/2003
Interest Period: February 18, 2003 to March 16, 2003 pay on March 17, 2003.

Associates Credit Card Master Note Trust, Series 2000-1
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
                                                                    Transferor              Trust
                                                                     Interest               Totals
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
Beginning Principal Receivables Balance                                                  5,432,938,698.11
Beginning Fin. Chrg. Receivables Balance                                                   197,812,787.52
Beginning Total Receivables Balance                                                      5,630,751,485.63

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

Beginning Period Invested Amount                                 4,076,262,114.78

Ending Period Invested Amount                                    4,221,309,959.68
Class A             Class B               Class C              Total Series
Monthly Master Note Trust Activities     Note                          Note                  Note                   Note
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Initial Invested Amount = Prin Bal          760,000,000.00        102,500,000.00        137,500,000.00           1,000,000,000.00

Beginning Period Invested Amount            190,000,000.00        25,625,000.00         137,500,000.00         353,125,000.00
Principal Deposit to PFA                     63,333,333.33         8,541,666.67              0.00               71,875,000.00
Principal Funding Acct (PFA) Bal            633,333,333.33        85,416,666.67              0.00              718,750,000.00

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               126,666,666.67        17,083,333.33         137,500,000.00         281,250,000.00
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
Group I Information                                               Series 2000-1
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
Beginning Invested Amount                                            353,125,000.00
Average Rate                                                                  1.72%
Allocable Finance Charge Collections                                   6,212,282.52
Allocable Principal Collections                                       73,749,136.90
Allocable Default Amount Due                                           3,229,683.47
Allocable Monthly Interest Due from Trust                                456,250.20
Monthly Interest on PFA Balance                                          722,543.56
Allocable Monthly Servicing Fees Due                                     588,541.67
Ending Invested Amount                                               281,250,000.00
----------------------------------------
----------------------------------------
Payout Event Tests
----------------------------------------
----------------------------------------

Base Rate Trigger
3 Month Average Portfolio Yield                                       10.76%
3 Month Average Base Rate                                             3.72%
Spread                                                                7.04%
Trigger Pass Test: If Spread is >0, "Yes"                              Yes
Transferor's Interest Trigger
Required Transferor Interest                                                            372,997,435.51
Transferor Interest                                                                    4,221,309,959.68
Trigger Pass Test                                                                            Yes
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
             Series 2000-1

     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 2000-1 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 2000-1  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 March 17th,  2003 and with  respect to the
performance  of the Trust  during  the  month of  February  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 2000-1
MASTER NOTE TRUST RECEIVABLES

YIELD AND BASE RATE --
                                                 February: (28 posting days)
Yield        Defaults                 Total
Portfolio Yield (Current Month)                                              22.62%         11.76%                 10.86%
Portfolio Yield (Prior Month)                                                21.62%         10.58%                 11.05%
Portfolio Yield (Two Months Ago)                                             21.42%         11.04%                 10.38%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                                10.76%
                                                                                                            ----------------------
                                                                                                            ----------------------
Servicing               Coupon                  Total
Base Rate (Current Month)                                             2.00%                 1.72%                   3.72%
Base Rate (Prior Month)                                               2.00%                 1.71%                   3.71%
Base Rate (Two Months Ago)                                            2.00%                 1.74%                   3.74%

THREE MONTH AVERAGE BASE RATE                                                                                       3.72%
                                                                                                            ----------------------
                                                                                                            ----------------------
Beginning Period Principal Receivables                                                 5,432,938,698.11
Beginning Period Finance Charge Receivables                                             197,812,787.52
Beginning Period Discounted Receivables                                                      0.00
Beginning Period Total Receivables                                                     5,630,751,485.63

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                                                 400,674,539.84
Total Defaulted Principal Receivables this Period                                       49,689,691.46
Total Receivables Adjustments this Period                                               15,643,027.72
Total Finance Charge Collections this Period                                            95,577,911.77
Total Discounted Receivables this Period                                                     0.00

Ending Period Principal Receivables                                                    5,328,534,793.01
Ending Period Finance Charge Receivables                                                198,756,586.86
Ending Period Discounted Receivables                                                         0.00
Ending Period Total Receivables                                                        5,527,291,379.87

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                        31-60 Days Delinquent                           112,062,270.96
                                        61-90 Days Delinquent                           84,533,235.42
                                        91+ Days Delinquent                             177,953,526.89
                                                                                     ---------------------
                                                                                     ---------------------

                                        Total 31+ Days Delinquent                          374,549,033.27
                                                                                     ---------------------
                                                                                     ---------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-1                                                           `
Floating Investor Percentage                    6.4997%        Floating Allocation Percentage                            22.7204%
Fixed Investor Percentage                       6.4997%        Series Allocation Percetage                               28.6074%
                                                               Principal Allocation Percentage                           64.3409%
FINANCE CHARGE ALLOCATIONS                                                                                          Total
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                  95,577,911.77
Investor Percentage                                                                        6.4997%
Investor Finance Charge Collections                                                      6,212,282.52                6,212,282.52
Excess Finance Charge Collections allocated to Series                                        0.00                            0.00
Available Finance Charge Collections                                                     6,212,282.52                6,212,282.52
CASH FLOW ALLOCATIONS
Class A Distributions
(1)Class A Monthly Interest                                                       208,584.38
                                     (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                                                 208,584.38

Class B Distributions
                                     (5)Class B Monthly Interest                                                        32,263.48
                                     (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                                                  32,263.48

                                     (9)Total Monthly Servicing Fee for Series                                         588,541.67
                                    (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                                                      3,229,683.47
                                    (14)Investor Charge-Offs                                                                 0.00
                                    (15)Reallocated Principal Collections Previously Due                                     0.00

Class C Distributions
                                    (16)Class C Monthly Interest                                                       215,402.34

                                    (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                                                          1,937,807.18

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                                     0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                                 1,937,807.18
PRINCIPAL ALLOCATIONS
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Principal Collections                                 400,674,539.84
Series Allocation Percentage                                         28.6074%
Principal Allocation Percentage                                      64.3409%
Investor Principal Collections - Series Level                     73,749,136.90
Total Investor Principal Collections - Series Level               73,749,136.90
Class A              Class B               Class C                  Total
                                          ----------------------------------------------------------------------------------------
                                          ----------------------------------------------------------------------------------------
Class Prin Percentages(A & B)                   88.12%                11.88%                0.00%                      100.00000%
Class Principal Collections                   64,984,746.72           8,764,390.18          0.00%                   73,749,136.90
Class Prin Bal at end of Rev Prd             760,000,000.00        102,500,000.00        137,500,000.00             1,000,000,000
Monthly Deposit to PFA.                       63,333,333.33           8,541,666.67                                  71,875,000.00
Shared Prin Collect for Oth Series              1,651,413.39            222,723.52                         -            1,874,137
Prin Pmt for Class C from Oth Series                           -                    -                      -                    0
Net (User)/Provider of Prin Collect             1,651,413.39            222,723.52                         -         1,874,136.90
Monthly Principal Payment to PFA              63,333,333.33           8,541,666.67                         -        71,875,000.00
Bullet Prin Payment at Maturity                                -                    -                      -                 0.00
Total Distribution:  Int + Prin                   208,584.38             32,263.48            215,402.34               456,250.20
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1                                       Coupon Rate            Balance          Interest Payments
                                          -------------------- --------------------- ---------------------
                                          -------------------- --------------------- ---------------------
Series 2000-1, Class A                           1.46%           $ 190,000,000.00        $ 208,584.38                        8
Series 2000-1, Class B                           1.68%            $ 25,625,000.00         $ 32,263.48                      .48
Series 2000-1, Class C                           2.09%           $ 137,500,000.00        $ 215,402.34                        4
Series 2000-1
                                          ----------------------------------------------------------------------------------------
                                          ----------------------------------------------------------------------------------------
                                                Class A              Class B               Class C                  Total
                                          -------------------- --------------------- ---------------------  ----------------------
                                          -------------------- --------------------- ---------------------  ----------------------
Prin Distr Reqd Amount @ Maturity                 $ -                   $ -     -             $ -      -                     -$ -
Int Dist Reqd From Master Trust               $ 208,584.38          $ 32,263.48 8        $ 215,402.34 48             $ 456,250.20
PFA Int Shortfall Funded by CBSD              $ 169,388.33          $ 35,241.23 3             $ -     23             $ 204,629.56
PFA Int Funded by CP                          $ 456,364.80          $ 61,549.20 0             $ -     20             $ 517,914.00
Principal Deposit to PFA                    $ 63,333,333.33       $ 8,541,666.67              $ -                 $ 71,875,000.00
Servicing Fee                                                                            $ 588,541.67                $ 588,541.67
                                          -------------------- --------------------- ---------------------  ----------------------
                                          -------------------- --------------------- ---------------------  ----------------------
Total                                       $ 64,167,670.84       $ 8,670,720.58         $ 803,944.01          $ 73,642,335.43
                                          ==================== ===================== =====================  ======================
                                          ==================== ===================== =====================  ======================

Total Cpn Dist to Class A +B+C                $ 834,337.51         $ 129,053.91 1        $ 215,402.34  1        $ 1,178,793.76
Total Cpn Dist to Class A + B                                                                                    $ 963,391.42
File:February '03 8k_2000-1                                     CONFIDENTIAL
Servicer's Report                                               Date of Report:            3/25/2003
Interest Period: February 18, 2003 to March 16, 2003 pay on March 17, 2003.

Associates Credit Card Master Note Trust, Series 2000-2
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
                                                                     Transferor              Trust
                                                                      Interest               Totals
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
Beginning Principal Receivables Balance                                                 5,432,938,698.11
Beginning Fin. Chrg. Receivables Balance                                                 197,812,787.52
Beginning Total Receivables Balance                                                     5,630,751,485.63

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

Beginning Period Invested Amount                                    4,076,262,114.78

Ending Period Invested Amount                                       4,221,309,959.68
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               350,000,000.00          47,203,916.67      108,553,000.00        505,756,916.67
Principal Deposit to PFA on D.D.                50,000,000.00           6,743,416.67                       -     56,743,416.67
Principal Funding Acct (PFA) Balance           300,000,000.00          40,460,500.00                       -    340,460,500.00

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                  300,000,000.00          40,460,500.00     108,553,000.00        449,013,500.00
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Group I Information                                                Series 2000-2
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Beginning Invested Amount                                             505,756,916.67
Average Rate                                                                   1.60%
Allocable Finance Charge Collections                                    8,897,429.67
Allocable Principal Collections                                        58,223,026.11
Allocable Default Amount Due                                            4,625,655.94
Allocable Monthly Interest Due                                            607,159.62
Monthly Interest on PFA Balance                                           312,217.55
Allocable Monthly Servicing Fees Due                                      842,928.19
Ending Invested Amount                                                449,013,500.00
-----------------------------------------
-----------------------------------------
Payout Event Tests
-----------------------------------------
-----------------------------------------

Base Rate Trigger
3 Month Average Portfolio Yield                                        10.76%
3 Month Average Base Rate                                              3.62%
Spread                                                                 7.14%
Trigger Pass Test: If Spread is >0, "Yes"                               Yes
Transferor's Interest Trigger
Required Transferor Interest                                                             372,997,435.51
Transferor Interest                                                                     4,221,309,959.68
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 March 17,  2003,  and with  respect to the
performance  of the Trust  during  the  month of  February  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 --
                                          February: (28 posting days)
Yield                Defaults               Total
Portfolio Yield (Current Month)                                               22.62%         11.76%                10.86%
Portfolio Yield (Prior Month)                                                 21.62%         10.58%                11.05%
Portfolio Yield (Two Months Ago)                                              21.42%         11.04%                10.38%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                                10.76%
                                                                                                            ---------------------
                                                                                                            ---------------------
Servicing               Coupon                Total
Base Rate (Current Month)                                              2.00%                 1.60%                 3.60%
Base Rate (Prior Month)                                                2.00%                 1.61%                 3.61%
Base Rate (Two Months Ago)                                             2.00%                 1.66%                 3.66%

THREE MONTH AVERAGE BASE RATE                                                                                      3.62%
                                                                                                            ---------------------
                                                                                                            ---------------------
Beginning Period Principal Receivables                                                  5,432,938,698.11
Beginning Period Finance Charge Receivables                                              197,812,787.52
Beginning Period Discounted Receivables                                                       0.00
Beginning Period Total Receivables                                                      5,630,751,485.63

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                                                  400,674,539.84
Total Defaulted Principal Receivables this Period                                        49,689,691.46
Total Receivables Adjustments this Period                                                15,643,027.72
Total Finance Charge Collections this Period                                             95,577,911.77
Total Discounted Receivables this Period                                                      0.00

Ending Period Principal Receivables                                                     5,328,534,793.01
Ending Period Finance Charge Receivables                                                 198,756,586.86
Ending Period Discounted Receivables                                                          0.00
Ending Period Total Receivables                                                         5,527,291,379.87

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                         31-60 Days Delinquent                           112,062,270.96
                                         61-90 Days Delinquent                           84,533,235.42
                                         91+ Days Delinquent                             177,953,526.89
                                                                                      ---------------------
                                                                                      ---------------------

                                         Total 31+ Days Delinquent                       374,549,033.27
                                                                                      ---------------------
                                                                                      ---------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-2
Floating Investor Percentage                    9.3091%         Floating Allocation Percentage                    41.2184%
Fixed Investor Percentage                       9.3091%         Series Allocation Percetage                       22.5848%
                                                                Principal Allocation Percentage                   64.3409%
FINANCE CHARGE ALLOCATIONS                                                                                         Total
---------------------------------------------------------------------------------------------------------------------------------
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AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                   95,577,911.77
Investor Percentage                                                                         9.3091%
Investor Finance Charge Collections                                                       8,897,429.67          8,897,429.67
Excess Finance Charge Collections allocated to Series                                         0.00                  0.00
Available Finance Charge Collections                                                      8,897,429.67          8,897,429.67
CASH FLOW ALLOCATIONS
Class A Distributions
(1)Class A Monthly Interest                                                377,671.88
                                      (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                                          377,671.88

Class B Distributions
                                      (5)Class B Monthly Interest                                                59,432.68
                                      (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                                          59,432.68

                                      (9)Total Monthly Servicing Fee for Series                                  842,928.19
                                     (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                                                4,625,655.94
                                     (14)Investor Charge-Offs                                                       0.00
                                     (15)Reallocated Principal Collections Previously Due                           0.00

Class C Distributions
                                     (16)Class C Monthly Interest                                                170,055.06

                                     (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                                                    2,821,685.92

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                            0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                            2,821,685.92
PRINCIPAL ALLOCATIONS
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Principal Collections                                  400,674,539.84
Series Allocation Percentage                                          22.5848%
Principal Allocation Percentage                                       64.3409%
Investor Principal Collections - Series Level                      58,223,026.11
Total Investor Principal Collections - Series Level                58,223,026.11
Class A               Class B               Class C                Total
                                          ---------------------------------------------------------------------------------------
                                          ---------------------------------------------------------------------------------------
Class Prin Percentages(A & B)                   88.12%                 11.88%                0.00%                    100.00000%
Class Principal Collections                   51,303,771.90            6,919,254.21          0.00%                 58,223,026.11
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              1,303,771.90             175,837.54                        -           1,479,609
Prin Pmt for Class C from Oth Series                           -                     -                     -                   0
Net (User)/Provider of Prin Collect             1,303,771.90             175,837.54                        -        1,479,609.44
Monthly Principal Payment to PFA              50,000,000.00            6,743,416.67                        -       56,743,416.67
Bullet Prin Payment at Maturity                                -                     -                     -                0.00
Total Distribution:Interest + Prin                377,671.88              59,432.68            170,055.06             607,159.62
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1                                       Coupon Rate             Balance          Interest Payments
                                          --------------------  --------------------- ---------------------
                                          --------------------  --------------------- ---------------------
Series 2000-2, Class A                           1.44%            $ 350,000,000.00        $ 377,671.88                        8
Series 2000-2, Class B                           1.68%             $ 47,203,916.67         $ 59,432.68                       68
Series 2000-2, Class C                           2.09%            $ 108,553,000.00        $ 170,055.06                        6
Series 2000-2
                                          ---------------------------------------------------------------------------------------
                                          ---------------------------------------------------------------------------------------
                                                Class A               Class B               Class C                Total
                                          --------------------  --------------------- --------------------- ---------------------
                                          --------------------  --------------------- --------------------- ---------------------
Prin Distr Reqd Amount @ Maturity                 $ -                    $ -    -              $ -                   $--
Int Dist Reqd From Master Trust               $ 377,671.88           $ 59,432.68         $ 170,055.06           $ 607,159.62
PFA Int Shortfall Funded by CBSD              $ 69,606.44            $ 15,456.78              $ -                $ 85,063.22
PFA Int Funded by CP                          $ 200,159.19           $ 26,995.14              $ -               $ 227,154.33
Principal Deposit to PFA                    $ 50,000,000.00        $ 6,743,416.67              $ -               $ 56,743,416.67
Servicing Fee                                                                             $ 842,928.19              $ 842,928.19
                                          --------------------  --------------------- --------------------- ---------------------
                                          --------------------  --------------------- --------------------- ---------------------
Total                                       $ 50,647,437.51        $ 6,845,301.27        $ 1,012,983.25        $ 58,505,722.03
                                          ====================  ===================== ===================== =====================
                                          ====================  ===================== ===================== =====================

Total Cpn Dist to Class A +B+C                $ 647,437.51          $ 101,884.601         $ 170,055.06  0       $ 919,377.17  6
Total Cpn Dist to Class A + B                                                                                       $ 749,322.11