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):  August 19th, 2002
 -------------------------------------------------------------------------------

                  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
                                  July 2002 were distributed to Noteholders
                                  on August 19, 2002.


Item 7 (C).                         Exhibits.

Exhibit No.                         Description

20.1     Series 2000-1 monthly statement for the month of July 2002.
20.2     Series 2000-2 monthly statement for the month of July 2002.




                             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:July '02 8k_2000-1                                             CONFIDENTIAL
Servicer's Report                                                 Date of Report:          8/16/2002
Interest Period: July 17, 2002 to Aug 18, 2002, Pay on Aug 19th


Associates Credit Card Master Note Trust, Series 2000-1
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
                                                                     Transferor              Trust
                                                                      Interest               Totals
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>                   <C>
Beginning Principal Receivables Balance                                                 6,101,593,819.84
Beginning Fin. Chrg. Receivables Balance                                                 227,542,515.42
Beginning Total Receivables Balance                                                     6,329,136,335.26

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


Beginning Period Invested Amount                                  2,207,339,753.17

Ending Period Invested Amount                                     2,505,723,837.74
<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             633,333,333.33        85,416,666.67         137,500,000.00         856,250,000.00
Principal Deposit to PFA                     63,333,333.33          8,541,666.67              0.00              71,875,000.00
Principal Funding Acct (PFA) Bal             190,000,000.00        25,625,000.00              0.00              215,625,000.00

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                570,000,000.00        76,875,000.00         137,500,000.00         784,375,000.00
</table>

<Table>
<Caption>
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Group I Information                                                Series 2000-1
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
<S>                                                                     <C>
Beginning Invested Amount                                             856,250,000.00
Average Rate                                                                   2.09%
Allocable Finance Charge Collections                                   15,691,797.22
Allocable Principal Collections                                        82,628,158.92
Allocable Default Amount Due                                            8,041,332.72
Allocable Monthly Interest Due from Trust                               1,636,949.43
Monthly Interest on PFA Balance                                           262,131.81
Allocable Monthly Servicing Fees Due                                    1,427,083.33
Ending Invested Amount                                                784,375,000.00
</table>
<table>
<caption>
-----------------------------------------
-----------------------------------------
Payout Event Tests
-----------------------------------------
-----------------------------------------

Base Rate Trigger
<S>                                                                     <C>
3 Month Average Portfolio Yield                                        9.75%
3 Month Average Base Rate                                              4.08%
Spread                                                                 5.67%
Trigger Pass Test: If Spread is >0, "Yes"                               Yes
<Caption>
Transferor's Interest Trigger
<S>                                                                                           <C>
Required Transferor Interest                                                             424,154,703.31
Transferor Interest                                                                     2,505,723,837.74
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 August 19th,  2002 and with respect to the
performance  of  the  Trust  during  the  month  of  July  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:                                                             Revolving 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 --
                                                   July: (31 posting days)
<table>
<caption>
                                                                               Yield        Defaults                Total
<S>                                                                              <C>          <C>                    <C>
Portfolio Yield (Current Month)                                               21.28%         10.91%                 10.38%
Portfolio Yield (Prior Month)                                                 21.47%         11.96%                 9.51%
Portfolio Yield (Two Months Ago)                                              21.32%         11.97%                 9.35%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                                 9.75%
                                                                                                            -----------------------
                                                                                                            -----------------------
</table>

<table>
<caption>
                                                                     Servicing               Coupon                 Total
<S>                                                                     <C>                   <C>                    <C>
Base Rate (Current Month)                                              2.00%                 2.09%                  4.09%
Base Rate (Prior Month)                                                2.00%                 2.08%                  4.08%
Base Rate (Two Months Ago)                                             2.00%                 2.07%                  4.07%

THREE MONTH AVERAGE BASE RATE                                                                                       4.08%
                                                                                                            -----------------------
                                                                                                            -----------------------
</table>

<table>
<caption>

<S>                                                                                           <C>
Beginning Period Principal Receivables                                                  6,101,593,819.84
Beginning Period Finance Charge Receivables                                              227,542,515.42
Beginning Period Discounted Receivables                                                       0.00
Beginning Period Total Receivables                                                      6,329,136,335.26

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                                                  504,163,463.82
Total Defaulted Principal Receivables this Period                                        57,302,126.73
Total Receivables Adjustments this Period                                                19,141,676.64
Total Finance Charge Collections this Period                                             111,818,946.50
Total Discounted Receivables this Period                                                      0.00

Ending Period Principal Receivables                                                     6,059,352,904.41
Ending Period Finance Charge Receivables                                                 221,051,567.81
Ending Period Discounted Receivables                                                          0.00
Ending Period Total Receivables                                                         6,280,404,472.22

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                         31-60 Days Delinquent                           130,549,492.46
                                         61-90 Days Delinquent                           93,441,470.06
                                         91+ Days Delinquent                             171,334,333.77
                                                                                      ---------------------
                                                                                      ---------------------

                                         Total 31+ Days Delinquent                          395,325,296.29
                                                                                      ---------------------
                                                                                      ---------------------
</table>

ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-1
<table>
<C>                                             <C>                    <C>                                                 <C>
Floating Investor Percentage                    14.0332%        Floating Allocation Percentage                            78.3592%
Fixed Investor Percentage                       16.3892%        Series Allocation Percetage                               17.9088%
                                                                Principal Allocation Percentage                           91.5144%
</table>
<table>
<caption>
FINANCE CHARGE ALLOCATIONS                                                                                          Total
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                           <C>                    <C>
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                   111,818,946.50
Investor Percentage                                                                         14.0332%
Investor Finance Charge Collections                                                      15,691,797.22               15,691,797.22
Excess Finance Charge Collections allocated to Series                                         0.00                            0.00
Available Finance Charge Collections                                                     15,691,797.22               15,691,797.22
</table>
CASH FLOW ALLOCATIONS
<table>
<caption>
Class A Distributions
<S>                                      <C>                                                                         <C>
                                      (1)Class A Monthly Interest                                                     1,140,065.97
                                      (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                                               1,140,065.97

Class B Distributions
                                      (5)Class B Monthly Interest                                                       170,593.10
                                      (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                                                 170,593.10

                                      (9)Total Monthly Servicing Fee for Series                                       1,427,083.33
                                     (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                                                      8,041,332.72
                                     (14)Investor Charge-Offs                                                                 0.00
                                     (15)Reallocated Principal Collections Previously Due                                     0.00

Class C Distributions
                                     (16)Class C Monthly Interest                                                       326,290.36

                                     (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                                                          4,586,431.74

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                                      0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                                  4,586,431.74
</table>
<table>
<caption>
PRINCIPAL ALLOCATIONS
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
<S>                                                                     <C>                   <C>                    <C>
AVAILABLE FUNDS
Total Trust Principal Collections                                  504,163,463.82
Series Allocation Percentage                                          17.9088%
Principal Allocation Percentage                                       91.5144%
Investor Principal Collections - Series Level                      82,628,158.92
Shared Principal Collections from other Series'                         0.00
Total Investor Principal Collections - Series Level                82,628,158.92

                                                Class A               Class B               Class C                 Total
                                          -----------------------------------------------------------------------------------------
                                          -----------------------------------------------------------------------------------------
Class Principal Percentages(A & B)               88.12%                11.88%                0.00%                         100.00%
Class Principal Collections                    72,808,580.61           9,819,578.31          0.00%                   82,628,158.92
Prin Bal at end of Revolving Prd              760,000,000.00        102,500,000.00        137,500,000.00       1,000,000,000.00
Monthly Deposit to PFA.                        63,333,333.33           8,541,666.67                                71,875,000.00
Partial Deposit:(Prin Funding Acct)                            -                     -                      -                      -
Deficiency Controlled Deposit to PFA                           -                     -                      -                      -
Principal Deposit to PFA - Shortfall                           -                     -                      -                      -
Monthly Principal Payment to PFA               63,333,333.33           8,541,666.67                         -      71,875,000.00
Shared Principal Collections                    9,475,247.28           1,277,911.64                         -      10,753,158.92
Bullet Prin Payment at Maturity                                -                     -                      -                      -
Total Distribution:Interest + Prin              1,140,065.97             170,593.10            326,290.36            1,636,949.43

</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                           1.96%            $ 633,333,333.33       $ 1,140,065.97
Series 2000-1, Class B                           2.18%             $ 85,416,666.67        $ 170,593.10                        0
Series 2000-1, Class C                           2.59%            $ 137,500,000.00        $ 326,290.36                        6
</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           $ 1,140,065.97        $ 170,593.10          $ 326,290.36  0       $ 1,636,949.43
PFA Int Shortfall Funded by CBSD          $ 48,314.82           $ 9,882.99  82        $ 2.99                $ 58,197.81
Principal Deposit to PFA                  $ 63,333,333.33       $ 8,541,666.67        $ -                   $ 71,875,000.00
Unpaid Int Shortfalls paid this Period    $ -                   $ -                   $ -                   $ -
Servicing Fee                             $ -                   $ -                   $ 1,427,083.33        $ 1,427,083.33
                                          --------------------- --------------------- --------------------- -----------------------
                                          --------------------- --------------------- --------------------- -----------------------
Total Required Distribution                  $ 64,521,714.12       $ 8,722,142.76        $ 1,753,373.69            $ 74,997,230.57
                                          ===================== ===================== ===================== =======================
                                          ===================== ===================== ===================== =======================
</table>

<table>
<caption>
File:July '02 8k_2000-2                                        CONFIDENTIAL
Servicer's Report                                              Date of Report:            8/16/2002
Interest Period: July 17, 2002 to Aug 18, 2002, Pay on Aug 19th


Associates Credit Card Master Note Trust, Series 2000-2
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
                                                                   Transferor               Trust
                                                                    Interest               Totals
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
<S>                                                                    <C>                   <C>
Beginning Principal Receivables Balance                                               6,101,593,819.84
Beginning Fin. Chrg. Receivables Balance                                               227,542,515.42
Beginning Total Receivables Balance                                                   6,329,136,335.26

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

Beginning Period Invested Amount                                  2,207,339,753.17

Ending Period Invested Amount                                     2,505,723,837.74
<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               600,000,000.00        80,921,000.00     108,553,000.00        789,474,000.00



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                  600,000,000.00        80,921,000.00     108,553,000.00        789,474,000.00
</table>
<table>
<Caption>
-----------------------------------------------------------------------------------
-----------------------------------------------------------------------------------
Group I Information                                               Series 2000-2
-----------------------------------------------------------------------------------
-----------------------------------------------------------------------------------
<S>                                                                    <C>
Beginning Invested Amount                                           789,474,000.00
Average Rate                                                                 2.05%
Allocable Finance Charge Collections                                 14,468,047.79
Allocable Principal Collections                                      65,232,783.14
Allocable Default Amount Due                                          7,414,216.77
Allocable Monthly Interest Due                                        1,485,525.44
Monthly Interest on PFA Balance                                               0.00
Allocable Monthly Servicing Fees Due                                  1,315,790.00
Ending Invested Amount                                              789,474,000.00
</table>
<table>
<caption>
----------------------------------------
----------------------------------------
Payout Event Tests
----------------------------------------
----------------------------------------

Base Rate Trigger
<S>                                                                    <C>
3 Month Average Portfolio Yield                                       9.75%
3 Month Average Base Rate                                             4.05%
Spread                                                                5.69%
Trigger Pass Test: If Spread is >0, "Yes"                              Yes
<Caption>
Transferor's Interest Trigger
<S>                                                                                          <C>
Required Transferor Interest                                                           424,154,703.31
Transferor Interest                                                                   2,505,723,837.74
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,  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 August 19,  2002,  and with respect to the
performance  of  the  Trust  during  the  month  of  July  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:                                                           Revolving 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 --
                                         July : (31 posting days)
<table>
<caption>
                                                                      Yield               Defaults               Total
<S>                                                                    <C>                   <C>                  <C>
Portfolio Yield (Current Month)                                             21.28%         10.91%                10.38%
Portfolio Yield (Prior Month)                                               21.47%         11.96%                9.51%
Portfolio Yield (Two Months Ago)                                            21.32%         11.97%                9.35%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                              9.75%
                                                                                                          ---------------------
                                                                                                          ---------------------
</table>

<table>
<caption>
                                                                    Servicing              Coupon                Total
<S>                                                                    <C>                   <C>                  <C>
Base Rate (Current Month)                                             2.00%                 2.05%                4.05%
Base Rate (Prior Month)                                               2.00%                 2.05%                4.05%
Base Rate (Two Months Ago)                                            2.00%                 2.05%                4.05%

THREE MONTH AVERAGE BASE RATE                                                                                    4.05%
                                                                                                          ---------------------
                                                                                                          ---------------------
</table>
<table>
<caption>
<S>                                                                                          <C>
Beginning Period Principal Receivables                                                6,101,593,819.84
Beginning Period Finance Charge Receivables                                            227,542,515.42
Beginning Period Discounted Receivables                                                     0.00
Beginning Period Total Receivables                                                    6,329,136,335.26

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                                                504,163,463.82
Total Defaulted Principal Receivables this Period                                       57,302,126.73
Total Receivables Adjustments this Period                                               19,141,676.64
Total Finance Charge Collections this Period                                           111,818,946.50
Total Discounted Receivables this Period                                                    0.00

Ending Period Principal Receivables                                                   6,059,352,904.41
Ending Period Finance Charge Receivables                                               221,051,567.81
Ending Period Discounted Receivables                                                        0.00
Ending Period Total Receivables                                                       6,280,404,472.22

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                        31-60 Days Delinquent                          130,549,492.46
                                        61-90 Days Delinquent                           93,441,470.06
                                        91+ Days Delinquent                            171,334,333.77
                                                                                     --------------------
                                                                                     --------------------

                                        Total 31+ Days Delinquent                      395,325,296.29
                                                                                     --------------------
                                                                                     --------------------
</table>
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-2

FLOATING INVESTOR PERCENTAGE                                        12.9388%
FIXED INVESTOR PERCENTAGE                                           12.9388%
<table>
<caption>
FINANCE CHARGE ALLOCATIONS                                                                                       Total
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>                  <C>
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                 111,818,946.50
Investor Percentage                                                                       12.9388%
Investor Finance Charge Collections                                                     14,468,047.79        14,468,047.79
Excess Finance Charge Collections allocated to Series                                       0.00                  0.00
Available Finance Charge Collections                                                    14,468,047.79        14,468,047.79
</table>
CASH FLOW ALLOCATIONS
<table>
<caption>
Class A Distributions
<S>                                     <C>                                                                       <C>
                                     (1)Class A Monthly Interest                                              1,066,312.50
                                     (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                                        1,066,312.50
Class B Distributions
                                     (5)Class B Monthly Interest                                               161,614.41
                                     (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                                         161,614.41

                                     (9)Total Monthly Servicing Fee for Series                                1,315,790.00
                                    (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                                               7,414,216.77
                                    (14)Investor Charge-Offs                                                      0.00
                                    (15)Reallocated Principal Collections Previously Due                          0.00

Class C Distributions
                                    (16)Class C Monthly Interest                                               257,598.53

                                    (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                                                   4,252,515.58

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                          0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                          4,252,515.58
</table>
<table>
<caption>
PRINCIPAL ALLOCATIONS
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
<S>                                              <C>                   <C>                   <C>                  <C>
AVAILABLE FUNDS
Total Trust Principal Collections                                504,163,463.82
Series Allocation Percentage                                        14.1386%
Principal Allocation Percentage                                     91.5144%
Investor Principal Collections - Series Level                     65,232,783.14
Shared Principal Collections from other Series'                       0.00
Total Investor Principal Collections - Series Level               65,232,783.14

                                               Class A               Class B               Class C               Total
                                         --------------------------------------------------------------------------------------
                                         --------------------------------------------------------------------------------------
Class Principal Percentages(A & B)              88.12%               11.88%                 0.00%                      100.00%
Class Principal Collections                   57,480,485.82          7,752,297.32           0.00%                65,232,783.14
Prin Bal at end of Revolving Prd             600,000,000.00         80,921,000.00       108,553,000.00        789,474,000.00
Monthly Deposit to PFA.                                       -                     -                                          -
Partial Deposit:(Prin Funding Acct)                           -                     -                     -                    -
Deficiency Controlled Deposit to PFA                          -                     -                     -                    -
Principal Deposit to PFA - Shortfall                          -                     -                     -                    -
Monthly Principal Payment to PFA                              -                     -                     -                    -
Shared Principal Collections                  57,480,485.82          7,752,297.32                         -    65,232,783.14
Bullet Prin Payment at Maturity                               -                     -                     -                    -
Total Distribution:Interest + Prin             1,066,312.50            161,614.41            257,598.53         1,485,525.44
</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                          1.96%             $ 633,333,333.33      $ 1,140,065.97                     7
Series 2000-2, Class B                          2.18%              $ 85,416,666.67       $ 170,593.10                     10
Series 2000-2, Class C                          2.59%             $ 137,500,000.00       $ 326,290.36                     36
</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             $ 1,066,312.50         $ 161,614.41       $ 257,598.53         $ 1,485,525.44
PFA Int Shortfall Funded by CBSD            $ -                    $ -                $ -                  $ -
Unpaid Int Shortfalls paid this Period      $ -                    $ -                $ -                  $ -
Servicing Fee                                                                         $ 1,315,790.00       $ 1,315,790.000
                                         --------------------- --------------------  -------------------- ---------------------
                                         --------------------- --------------------  -------------------- ---------------------
Total Required Distribution                    $ 1,066,312.50         $ 161,614.41      $ 1,573,388.53       $ 2,801,315.44
                                         ===================== ====================  ==================== =====================
                                         ===================== ====================  ==================== =====================
</table>
[{"type": "8-K", "sequence": "1", "filename": "at073102.txt", "description": "ASSOCIATES TRUST MONTHLY 8-K REVISED", "secsgml_size_bytes": 50355}]
[{"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": "02770635"}, "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"}}, {"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": "02770636"}, "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"}}]
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):  August 19th, 2002
 -------------------------------------------------------------------------------

                  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
                                  July 2002 were distributed to Noteholders
                                  on August 19, 2002.

Item 7 (C).                         Exhibits.

Exhibit No.                         Description

20.1     Series 2000-1 monthly statement for the month of July 2002.
20.2     Series 2000-2 monthly statement for the month of July 2002.

                             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:July '02 8k_2000-1                                             CONFIDENTIAL
Servicer's Report                                                 Date of Report:          8/16/2002
Interest Period: July 17, 2002 to Aug 18, 2002, Pay on Aug 19th

Associates Credit Card Master Note Trust, Series 2000-1
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
                                                                     Transferor              Trust
                                                                      Interest               Totals
------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------
Beginning Principal Receivables Balance                                                 6,101,593,819.84
Beginning Fin. Chrg. Receivables Balance                                                 227,542,515.42
Beginning Total Receivables Balance                                                     6,329,136,335.26

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

Beginning Period Invested Amount                                  2,207,339,753.17

Ending Period Invested Amount                                     2,505,723,837.74
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             633,333,333.33        85,416,666.67         137,500,000.00         856,250,000.00
Principal Deposit to PFA                     63,333,333.33          8,541,666.67              0.00              71,875,000.00
Principal Funding Acct (PFA) Bal             190,000,000.00        25,625,000.00              0.00              215,625,000.00

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                570,000,000.00        76,875,000.00         137,500,000.00         784,375,000.00
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Group I Information                                                Series 2000-1
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Beginning Invested Amount                                             856,250,000.00
Average Rate                                                                   2.09%
Allocable Finance Charge Collections                                   15,691,797.22
Allocable Principal Collections                                        82,628,158.92
Allocable Default Amount Due                                            8,041,332.72
Allocable Monthly Interest Due from Trust                               1,636,949.43
Monthly Interest on PFA Balance                                           262,131.81
Allocable Monthly Servicing Fees Due                                    1,427,083.33
Ending Invested Amount                                                784,375,000.00
-----------------------------------------
-----------------------------------------
Payout Event Tests
-----------------------------------------
-----------------------------------------

Base Rate Trigger
3 Month Average Portfolio Yield                                        9.75%
3 Month Average Base Rate                                              4.08%
Spread                                                                 5.67%
Trigger Pass Test: If Spread is >0, "Yes"                               Yes
Transferor's Interest Trigger
Required Transferor Interest                                                             424,154,703.31
Transferor Interest                                                                     2,505,723,837.74
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 August 19th,  2002 and with respect to the
performance  of  the  Trust  during  the  month  of  July  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:                                                             Revolving 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 --
                                                   July: (31 posting days)
Yield        Defaults                Total
Portfolio Yield (Current Month)                                               21.28%         10.91%                 10.38%
Portfolio Yield (Prior Month)                                                 21.47%         11.96%                 9.51%
Portfolio Yield (Two Months Ago)                                              21.32%         11.97%                 9.35%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                                 9.75%
                                                                                                            -----------------------
                                                                                                            -----------------------
Servicing               Coupon                 Total
Base Rate (Current Month)                                              2.00%                 2.09%                  4.09%
Base Rate (Prior Month)                                                2.00%                 2.08%                  4.08%
Base Rate (Two Months Ago)                                             2.00%                 2.07%                  4.07%

THREE MONTH AVERAGE BASE RATE                                                                                       4.08%
                                                                                                            -----------------------
                                                                                                            -----------------------
Beginning Period Principal Receivables                                                  6,101,593,819.84
Beginning Period Finance Charge Receivables                                              227,542,515.42
Beginning Period Discounted Receivables                                                       0.00
Beginning Period Total Receivables                                                      6,329,136,335.26

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                                                  504,163,463.82
Total Defaulted Principal Receivables this Period                                        57,302,126.73
Total Receivables Adjustments this Period                                                19,141,676.64
Total Finance Charge Collections this Period                                             111,818,946.50
Total Discounted Receivables this Period                                                      0.00

Ending Period Principal Receivables                                                     6,059,352,904.41
Ending Period Finance Charge Receivables                                                 221,051,567.81
Ending Period Discounted Receivables                                                          0.00
Ending Period Total Receivables                                                         6,280,404,472.22

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                         31-60 Days Delinquent                           130,549,492.46
                                         61-90 Days Delinquent                           93,441,470.06
                                         91+ Days Delinquent                             171,334,333.77
                                                                                      ---------------------
                                                                                      ---------------------

                                         Total 31+ Days Delinquent                          395,325,296.29
                                                                                      ---------------------
                                                                                      ---------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-1
Floating Investor Percentage                    14.0332%        Floating Allocation Percentage                            78.3592%
Fixed Investor Percentage                       16.3892%        Series Allocation Percetage                               17.9088%
                                                                Principal Allocation Percentage                           91.5144%
FINANCE CHARGE ALLOCATIONS                                                                                          Total
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                   111,818,946.50
Investor Percentage                                                                         14.0332%
Investor Finance Charge Collections                                                      15,691,797.22               15,691,797.22
Excess Finance Charge Collections allocated to Series                                         0.00                            0.00
Available Finance Charge Collections                                                     15,691,797.22               15,691,797.22
CASH FLOW ALLOCATIONS
Class A Distributions
(1)Class A Monthly Interest                                                     1,140,065.97
                                      (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                                               1,140,065.97

Class B Distributions
                                      (5)Class B Monthly Interest                                                       170,593.10
                                      (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                                                 170,593.10

                                      (9)Total Monthly Servicing Fee for Series                                       1,427,083.33
                                     (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                                                      8,041,332.72
                                     (14)Investor Charge-Offs                                                                 0.00
                                     (15)Reallocated Principal Collections Previously Due                                     0.00

Class C Distributions
                                     (16)Class C Monthly Interest                                                       326,290.36

                                     (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                                                          4,586,431.74

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                                      0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                                  4,586,431.74
PRINCIPAL ALLOCATIONS
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Principal Collections                                  504,163,463.82
Series Allocation Percentage                                          17.9088%
Principal Allocation Percentage                                       91.5144%
Investor Principal Collections - Series Level                      82,628,158.92
Shared Principal Collections from other Series'                         0.00
Total Investor Principal Collections - Series Level                82,628,158.92

                                                Class A               Class B               Class C                 Total
                                          -----------------------------------------------------------------------------------------
                                          -----------------------------------------------------------------------------------------
Class Principal Percentages(A & B)               88.12%                11.88%                0.00%                         100.00%
Class Principal Collections                    72,808,580.61           9,819,578.31          0.00%                   82,628,158.92
Prin Bal at end of Revolving Prd              760,000,000.00        102,500,000.00        137,500,000.00       1,000,000,000.00
Monthly Deposit to PFA.                        63,333,333.33           8,541,666.67                                71,875,000.00
Partial Deposit:(Prin Funding Acct)                            -                     -                      -                      -
Deficiency Controlled Deposit to PFA                           -                     -                      -                      -
Principal Deposit to PFA - Shortfall                           -                     -                      -                      -
Monthly Principal Payment to PFA               63,333,333.33           8,541,666.67                         -      71,875,000.00
Shared Principal Collections                    9,475,247.28           1,277,911.64                         -      10,753,158.92
Bullet Prin Payment at Maturity                                -                     -                      -                      -
Total Distribution:Interest + Prin              1,140,065.97             170,593.10            326,290.36            1,636,949.43
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1                                       Coupon Rate             Balance          Interest Payments
                                          --------------------- --------------------- ---------------------
                                          --------------------- --------------------- ---------------------
Series 2000-1, Class A                           1.96%            $ 633,333,333.33       $ 1,140,065.97
Series 2000-1, Class B                           2.18%             $ 85,416,666.67        $ 170,593.10                        0
Series 2000-1, Class C                           2.59%            $ 137,500,000.00        $ 326,290.36                        6
Series 2000-1
                                          -----------------------------------------------------------------------------------------
                                          -----------------------------------------------------------------------------------------
                                                Class A               Class B               Class C                 Total
                                          --------------------- --------------------- --------------------- -----------------------
                                          --------------------- --------------------- --------------------- -----------------------
Prin Distr Reqd Amount @ Maturity         $ -                   $ -                   $ -                   $ -
Int Dist Reqd From Master Trust           $ 1,140,065.97        $ 170,593.10          $ 326,290.36  0       $ 1,636,949.43
PFA Int Shortfall Funded by CBSD          $ 48,314.82           $ 9,882.99  82        $ 2.99                $ 58,197.81
Principal Deposit to PFA                  $ 63,333,333.33       $ 8,541,666.67        $ -                   $ 71,875,000.00
Unpaid Int Shortfalls paid this Period    $ -                   $ -                   $ -                   $ -
Servicing Fee                             $ -                   $ -                   $ 1,427,083.33        $ 1,427,083.33
                                          --------------------- --------------------- --------------------- -----------------------
                                          --------------------- --------------------- --------------------- -----------------------
Total Required Distribution                  $ 64,521,714.12       $ 8,722,142.76        $ 1,753,373.69            $ 74,997,230.57
                                          ===================== ===================== ===================== =======================
                                          ===================== ===================== ===================== =======================
File:July '02 8k_2000-2                                        CONFIDENTIAL
Servicer's Report                                              Date of Report:            8/16/2002
Interest Period: July 17, 2002 to Aug 18, 2002, Pay on Aug 19th

Associates Credit Card Master Note Trust, Series 2000-2
---------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
                                                                   Transferor               Trust
                                                                    Interest               Totals
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
Beginning Principal Receivables Balance                                               6,101,593,819.84
Beginning Fin. Chrg. Receivables Balance                                               227,542,515.42
Beginning Total Receivables Balance                                                   6,329,136,335.26

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

Beginning Period Invested Amount                                  2,207,339,753.17

Ending Period Invested Amount                                     2,505,723,837.74
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               600,000,000.00        80,921,000.00     108,553,000.00        789,474,000.00

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                  600,000,000.00        80,921,000.00     108,553,000.00        789,474,000.00
-----------------------------------------------------------------------------------
-----------------------------------------------------------------------------------
Group I Information                                               Series 2000-2
-----------------------------------------------------------------------------------
-----------------------------------------------------------------------------------
Beginning Invested Amount                                           789,474,000.00
Average Rate                                                                 2.05%
Allocable Finance Charge Collections                                 14,468,047.79
Allocable Principal Collections                                      65,232,783.14
Allocable Default Amount Due                                          7,414,216.77
Allocable Monthly Interest Due                                        1,485,525.44
Monthly Interest on PFA Balance                                               0.00
Allocable Monthly Servicing Fees Due                                  1,315,790.00
Ending Invested Amount                                              789,474,000.00
----------------------------------------
----------------------------------------
Payout Event Tests
----------------------------------------
----------------------------------------

Base Rate Trigger
3 Month Average Portfolio Yield                                       9.75%
3 Month Average Base Rate                                             4.05%
Spread                                                                5.69%
Trigger Pass Test: If Spread is >0, "Yes"                              Yes
Transferor's Interest Trigger
Required Transferor Interest                                                           424,154,703.31
Transferor Interest                                                                   2,505,723,837.74
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,  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 August 19,  2002,  and with respect to the
performance  of  the  Trust  during  the  month  of  July  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:                                                           Revolving 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 --
                                         July : (31 posting days)
Yield               Defaults               Total
Portfolio Yield (Current Month)                                             21.28%         10.91%                10.38%
Portfolio Yield (Prior Month)                                               21.47%         11.96%                9.51%
Portfolio Yield (Two Months Ago)                                            21.32%         11.97%                9.35%

THREE MONTH AVERAGE PORTFOLIO YIELD                                                                              9.75%
                                                                                                          ---------------------
                                                                                                          ---------------------
Servicing              Coupon                Total
Base Rate (Current Month)                                             2.00%                 2.05%                4.05%
Base Rate (Prior Month)                                               2.00%                 2.05%                4.05%
Base Rate (Two Months Ago)                                            2.00%                 2.05%                4.05%

THREE MONTH AVERAGE BASE RATE                                                                                    4.05%
                                                                                                          ---------------------
                                                                                                          ---------------------
Beginning Period Principal Receivables                                                6,101,593,819.84
Beginning Period Finance Charge Receivables                                            227,542,515.42
Beginning Period Discounted Receivables                                                     0.00
Beginning Period Total Receivables                                                    6,329,136,335.26

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                                                504,163,463.82
Total Defaulted Principal Receivables this Period                                       57,302,126.73
Total Receivables Adjustments this Period                                               19,141,676.64
Total Finance Charge Collections this Period                                           111,818,946.50
Total Discounted Receivables this Period                                                    0.00

Ending Period Principal Receivables                                                   6,059,352,904.41
Ending Period Finance Charge Receivables                                               221,051,567.81
Ending Period Discounted Receivables                                                        0.00
Ending Period Total Receivables                                                       6,280,404,472.22

DELINQUENCY INFORMATION
End of the Month Principal Delinquencies:
                                        31-60 Days Delinquent                          130,549,492.46
                                        61-90 Days Delinquent                           93,441,470.06
                                        91+ Days Delinquent                            171,334,333.77
                                                                                     --------------------
                                                                                     --------------------

                                        Total 31+ Days Delinquent                      395,325,296.29
                                                                                     --------------------
                                                                                     --------------------
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
CASH FLOW ALLOCATIONS
SERIES 2000-2

FLOATING INVESTOR PERCENTAGE                                        12.9388%
FIXED INVESTOR PERCENTAGE                                           12.9388%
FINANCE CHARGE ALLOCATIONS                                                                                       Total
-------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Finance Charge Collections                                                 111,818,946.50
Investor Percentage                                                                       12.9388%
Investor Finance Charge Collections                                                     14,468,047.79        14,468,047.79
Excess Finance Charge Collections allocated to Series                                       0.00                  0.00
Available Finance Charge Collections                                                    14,468,047.79        14,468,047.79
CASH FLOW ALLOCATIONS
Class A Distributions
(1)Class A Monthly Interest                                              1,066,312.50
                                     (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                                        1,066,312.50
Class B Distributions
                                     (5)Class B Monthly Interest                                               161,614.41
                                     (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                                         161,614.41

                                     (9)Total Monthly Servicing Fee for Series                                1,315,790.00
                                    (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                                               7,414,216.77
                                    (14)Investor Charge-Offs                                                      0.00
                                    (15)Reallocated Principal Collections Previously Due                          0.00

Class C Distributions
                                    (16)Class C Monthly Interest                                               257,598.53

                                    (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                                                   4,252,515.58

EXCESS SPREAD ALLOCATED TO OTHER SERIES'                                                                          0.00

EXCESS SPREAD RELEASED TO TRANSFEROR                                                                          4,252,515.58
PRINCIPAL ALLOCATIONS
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
AVAILABLE FUNDS
Total Trust Principal Collections                                504,163,463.82
Series Allocation Percentage                                        14.1386%
Principal Allocation Percentage                                     91.5144%
Investor Principal Collections - Series Level                     65,232,783.14
Shared Principal Collections from other Series'                       0.00
Total Investor Principal Collections - Series Level               65,232,783.14

                                               Class A               Class B               Class C               Total
                                         --------------------------------------------------------------------------------------
                                         --------------------------------------------------------------------------------------
Class Principal Percentages(A & B)              88.12%               11.88%                 0.00%                      100.00%
Class Principal Collections                   57,480,485.82          7,752,297.32           0.00%                65,232,783.14
Prin Bal at end of Revolving Prd             600,000,000.00         80,921,000.00       108,553,000.00        789,474,000.00
Monthly Deposit to PFA.                                       -                     -                                          -
Partial Deposit:(Prin Funding Acct)                           -                     -                     -                    -
Deficiency Controlled Deposit to PFA                          -                     -                     -                    -
Principal Deposit to PFA - Shortfall                          -                     -                     -                    -
Monthly Principal Payment to PFA                              -                     -                     -                    -
Shared Principal Collections                  57,480,485.82          7,752,297.32                         -    65,232,783.14
Bullet Prin Payment at Maturity                               -                     -                     -                    -
Total Distribution:Interest + Prin             1,066,312.50            161,614.41            257,598.53         1,485,525.44
ASSOCIATES CREDIT CARD MASTER NOTE TRUST
Group 1                                      Coupon Rate             Balance          Interest Payments
                                         --------------------- --------------------  --------------------
                                         --------------------- --------------------  --------------------
Series 2000-2, Class A                          1.96%             $ 633,333,333.33      $ 1,140,065.97                     7
Series 2000-2, Class B                          2.18%              $ 85,416,666.67       $ 170,593.10                     10
Series 2000-2, Class C                          2.59%             $ 137,500,000.00       $ 326,290.36                     36
Series 2000-2
                                         --------------------------------------------------------------------------------------
                                         --------------------------------------------------------------------------------------
                                               Class A               Class B               Class C               Total
                                         --------------------- --------------------  -------------------- ---------------------
                                         --------------------- --------------------  -------------------- ---------------------
Prin Distr Reqd Amount @ Maturity           $ -                    $ -                $ -                  $ -
Int Dist Reqd From Master Trust             $ 1,066,312.50         $ 161,614.41       $ 257,598.53         $ 1,485,525.44
PFA Int Shortfall Funded by CBSD            $ -                    $ -                $ -                  $ -
Unpaid Int Shortfalls paid this Period      $ -                    $ -                $ -                  $ -
Servicing Fee                                                                         $ 1,315,790.00       $ 1,315,790.000
                                         --------------------- --------------------  -------------------- ---------------------
                                         --------------------- --------------------  -------------------- ---------------------
Total Required Distribution                    $ 1,066,312.50         $ 161,614.41      $ 1,573,388.53       $ 2,801,315.44
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