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): January 17th, 2002
 ------------------------------------------------------------------------------

                  CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                  ON BEHALF OF
                           UNIVERSAL CARD MASTER TRUST
                    (Issuer of the Asset Backed Certificates)
 -------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


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

                                    33-93806
                                    333-02878
                                    333-09309
                                    333-79497
                            -------------------------
                            (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

                                 Not Applicable
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)





INFORMATION TO BE INCLUDED IN THE REPORT

Items 1-4.                 Not Applicable

Item 5.                    The Certificateholder Statements for the month ending
                           December 31, 2001 for the Universal Card Master Trust
                           Series 1995-3 and Series 1997-1 Certificates were
                           distributed on January 17, 2002.

Item 6.                    Not Applicable.

Item 7.                    Exhibits.

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


Exhibit 20.1                                Monthly Servicing Report dated
                                            January 17, 2002 with respect to the
                                            Universal Card Master Trust
                                            Series 1995-3.

Exhibit 20.4                                Monthly Servicing Report dated
                                            January 17, 2002 with respect to the
                                            Universal Card Master Trust
                                            Series 1997-1.




                                                     SIGNATURES


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


                                 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                                As Servicer (Registrant)



                                                     By: /s/ Douglas Morrison
                                                   -----------------------------
                                                       Name:   Douglas Morrison
                                                Title:  Chief Financial Officer


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

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

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

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

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

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

         <S>                                                            <C>
1. Trust Portfolio Yield ..................................            11.22%
       Total Yield Component  .............................            16.52%
       Net Credit Loss Component  .........................             5.30%
       Recoveries .........................................             0.32%
2. Principal Purchase Rate  ...............................            15.76%

3. Principal Payment  Rate  ...............................            13.59%

4. Aggregate Amount of Principal Receivables in the Trust :
     Beginning of Due Period  ............................  $  12,894,272,123
     Weighted Average (used for mid-month addition)  .....  $               0
     Lump Sum Addition  ..................................  $               0
     End of Due Period  ..................................  $  13,089,208,171
     Transferor's Interest  ..............................  $   6,486,208,171
     Aggregate Invested Amount of all Series: ............  $   6,603,000,000
</table>

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

<table>
<Caption>
                 <S>                                           <C>
       Current  ..........................................  $  12,364,880,679
         5-34 days delinquent  ...........................  $     582,954,298
        35-64 days delinquent  ...........................  $     194,582,490
        65-94 days delinquent  ...........................  $     132,503,948
       95-124 days delinquent  ...........................  $      97,732,381
      125-154 days delinquent  ...........................  $      75,533,979
      155-184 days delinquent  ...........................  $      63,099,765
</table>

<table>
<Caption>
               <S>                                                    <C>
      Current  ...........................................             91.52%
         5-34 days delinquent  ...........................              4.31%
        35-64 days delinquent  ...........................              1.44%
        65-94 days delinquent  ...........................              0.98%
       95-124 days delinquent  ...........................              0.72%
      125-154 days delinquent  ...........................              0.56%
      155-184 days delinquent  ...........................              0.47%
     35+ days delinquent  ................................              4.17%
</table>

                                      Page 4




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

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

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

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

B. Information Regarding Group 1
   -----------------------------
<table>
<Caption>
  (Percentage Basis)
         <S>                                               <C>
  1. Portfolio Yield                                      11.22%
  2. Weighted Average Certificate Rate                     2.38%
  3. Weighted Average Investor Fee Rates                   1.87%
</table>


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

            <S>                                     <C>
  1. Total Investor Collections                 $   261,827,989
         Principal Collections                  $   237,739,534
         Finance Charge Collections             $    24,088,456
  2. Investor Default Amount                    $     7,729,487
  3. Investor Monthly Interest                  $     3,588,475
  4. Investor Monthly Fees                      $     2,727,083
</table>























                                      Page 5

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

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

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

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

<table>
<Caption>
C2. Information Regarding Series 1995-3
   ------------------------------------
         <S>                                              <C>
    1. Total Investor Collections                    $  112,354,249
         Principal Collections                       $  101,888,372
         Reallocated Finance Charge Collections      $   10,465,878
    2. Investor Default Amount                       $    3,312,637
    3. Investor Monthly Interest                     $    1,680,172
    4. Investor Monthly Servicing Fee                $    1,168,750
    5. Excess Finance Charge Collections             $    4,306,792
</table>

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

C3. Information Regarding Trigger Level
   ------------------------------------
<table>
<Caption>
Current Month
  <S>                                                      <C>
    1. Series Adjusted Portfolio Yield - current month   11.45%

    2. Base Rate - current month                          4.56%
         Coupon Component                                 2.69%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.89%
</table>

<table>
<Caption>
3 Month Averages
  <S>                                                      <C>
    4. Series Adjusted Portfolio Yield - 3 month average 11.44%

    5. Base Rate - 3 month average                        4.55%
         Coupon Component                                 2.68%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         6.89%
</table>













                                      Page 4

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

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

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

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

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

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

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

 2a. Class A Monthly Interest                            $    1,472,815

 2b. Class B Monthly Interest                            $      105,836

 2c. CIA Monthly Interest                                $      101,521

 3a. Balance in the Class A Interest Funding Account     $    4,370,934

 3b. Balance in the Class B Interest Funding Account     $      314,094

 3c. Balance in the CIA Interest Funding Account         $      101,521

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

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

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

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

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

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

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


                                      Page 5

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

            <S>                                                         <C>
1a. The total amount of the distribution to Class A
    Certificateholders on the Payment Date                            $    4,370,934

1b. The total amount of the distribution to Class B
    Certificateholders on the Payment Date                            $      314,094

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      101,521

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

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

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

3a. The amount of the distribution set forth in item 1(a) above
    in respect of interest on the Class A Certificates                $    4,370,934

3b. The amount of the distribution set forth in item 1(b) above
    in respect of interest on the Class B Certificates                $      314,094

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      101,521

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

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

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

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

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

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

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

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

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

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

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

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on January 17, 2002

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

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

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


                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 22 day of
                 January 2002

                             Universal Card Services Corp.,
                             Servicer

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

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

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

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

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

<table>
<Caption>
C2. Information Regarding Series 1997-1
   ------------------------------------
         <S>                                              <C>
    1. Total Investor Collections                    $  149,473,740
         Principal Collections                       $  135,851,162
         Reallocated Finance Charge Collections      $   13,622,578
    2. Investor Default Amount                       $    4,416,850
    3. Investor Monthly Interest                     $    1,908,303
    4. Investor Monthly Servicing Fee                $    1,558,333
    5. Excess Finance Charge Collections             $    5,739,308
</table>

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

C3. Information Regarding Trigger Level
   ------------------------------------
<table>
<Caption>
Current Month
  <S>                                                      <C>
    1. Series Adjusted Portfolio Yield - current month   11.05%

    2. Base Rate - current month                          4.16%
         Coupon Component                                 2.29%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.89%
</table>

<table>
<Caption>
3 Month Averages
  <S>                                                      <C>
    4. Series Adjusted Portfolio Yield - 3 month average 11.55%

    5. Base Rate - 3 month average                        4.65%
         Coupon Component                                 2.78%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         6.89%
</table>













                                      Page 8

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

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

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

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

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

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

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

 2a. Class A Monthly Interest                            $    1,602,958

 2b. Class B Monthly Interest                            $      163,956

 2c. CIA Monthly Interest                                $      141,389

 3a. Balance in the Class A Interest Funding Account     $    3,050,792

 3b. Balance in the Class B Interest Funding Account     $      312,044

 3c. Balance in the CIA Interest Funding Account         $      141,389

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

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

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

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

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

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

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


                                      Page 9

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

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

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

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      141,389

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

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

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

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

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

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      141,389

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

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

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

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

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

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

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

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

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

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

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

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on January 17, 2002

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

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

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


                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 22 day of
                 January 2002

                             Universal Card Services Corp.,
                             Servicer

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

                             WASHINGTON, 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): January 17th, 2002
 ------------------------------------------------------------------------------

                  CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                  ON BEHALF OF
                           UNIVERSAL CARD MASTER TRUST
                    (Issuer of the Asset Backed Certificates)
 -------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

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

                                    33-93806
                                    333-02878
                                    333-09309
                                    333-79497
                            -------------------------
                            (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

                                 Not Applicable
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

INFORMATION TO BE INCLUDED IN THE REPORT

Items 1-4.                 Not Applicable

Item 5.                    The Certificateholder Statements for the month ending
                           December 31, 2001 for the Universal Card Master Trust
                           Series 1995-3 and Series 1997-1 Certificates were
                           distributed on January 17, 2002.

Item 6.                    Not Applicable.

Item 7.                    Exhibits.

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

Exhibit 20.1                                Monthly Servicing Report dated
                                            January 17, 2002 with respect to the
                                            Universal Card Master Trust
                                            Series 1995-3.

Exhibit 20.4                                Monthly Servicing Report dated
                                            January 17, 2002 with respect to the
                                            Universal Card Master Trust
                                            Series 1997-1.

                                                     SIGNATURES

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

                                 CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
                                                As Servicer (Registrant)

                                                     By: /s/ Douglas Morrison
                                                   -----------------------------
                                                       Name:   Douglas Morrison
                                                Title:  Chief Financial Officer

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

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

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

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

This Certificate relates to the Due Period ending Dec 31, 2001 and the related
Distribution Date.
A.   Information Regarding the Total Trust
     -------------------------------------
1. Trust Portfolio Yield ..................................            11.22%
       Total Yield Component  .............................            16.52%
       Net Credit Loss Component  .........................             5.30%
       Recoveries .........................................             0.32%
2. Principal Purchase Rate  ...............................            15.76%

3. Principal Payment  Rate  ...............................            13.59%

4. Aggregate Amount of Principal Receivables in the Trust :
     Beginning of Due Period  ............................  $  12,894,272,123
     Weighted Average (used for mid-month addition)  .....  $               0
     Lump Sum Addition  ..................................  $               0
     End of Due Period  ..................................  $  13,089,208,171
     Transferor's Interest  ..............................  $   6,486,208,171
     Aggregate Invested Amount of all Series: ............  $   6,603,000,000
5. Delinquencies (Aggregate outstanding balances in the Accounts that
   were delinquent by the time periods listed below as of the close of
   business of the month preceding the Distribution Date, as a percentage
   of aggregate Receivables as of the last day of the Due Period) :
Current  ..........................................  $  12,364,880,679
         5-34 days delinquent  ...........................  $     582,954,298
        35-64 days delinquent  ...........................  $     194,582,490
        65-94 days delinquent  ...........................  $     132,503,948
       95-124 days delinquent  ...........................  $      97,732,381
      125-154 days delinquent  ...........................  $      75,533,979
      155-184 days delinquent  ...........................  $      63,099,765
Current  ...........................................             91.52%
         5-34 days delinquent  ...........................              4.31%
        35-64 days delinquent  ...........................              1.44%
        65-94 days delinquent  ...........................              0.98%
       95-124 days delinquent  ...........................              0.72%
      125-154 days delinquent  ...........................              0.56%
      155-184 days delinquent  ...........................              0.47%
     35+ days delinquent  ................................              4.17%
Page 4

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

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

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

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

B. Information Regarding Group 1
   -----------------------------
(Percentage Basis)
1. Portfolio Yield                                      11.22%
  2. Weighted Average Certificate Rate                     2.38%
  3. Weighted Average Investor Fee Rates                   1.87%
C. Information Regarding Group 1
   -----------------------------
(Dollars Basis)
1. Total Investor Collections                 $   261,827,989
         Principal Collections                  $   237,739,534
         Finance Charge Collections             $    24,088,456
  2. Investor Default Amount                    $     7,729,487
  3. Investor Monthly Interest                  $     3,588,475
  4. Investor Monthly Fees                      $     2,727,083
Page 5

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

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

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

==============================================================================
This Certificate relates to the Due Period ending Dec 31, 2001 and the related
Distribution Date.
C2. Information Regarding Series 1995-3
   ------------------------------------
1. Total Investor Collections                    $  112,354,249
         Principal Collections                       $  101,888,372
         Reallocated Finance Charge Collections      $   10,465,878
    2. Investor Default Amount                       $    3,312,637
    3. Investor Monthly Interest                     $    1,680,172
    4. Investor Monthly Servicing Fee                $    1,168,750
    5. Excess Finance Charge Collections             $    4,306,792
*Finance charges have been reallocated based on sharing mechanics within the
Group, this amount also includes investment proceeds due to Series.

C3. Information Regarding Trigger Level
   ------------------------------------
Current Month
1. Series Adjusted Portfolio Yield - current month   11.45%

    2. Base Rate - current month                          4.56%
         Coupon Component                                 2.69%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.89%
3 Month Averages
4. Series Adjusted Portfolio Yield - 3 month average 11.44%

    5. Base Rate - 3 month average                        4.55%
         Coupon Component                                 2.68%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         6.89%
Page 4

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

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

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

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

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

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

 2a. Class A Monthly Interest                            $    1,472,815

 2b. Class B Monthly Interest                            $      105,836

 2c. CIA Monthly Interest                                $      101,521

 3a. Balance in the Class A Interest Funding Account     $    4,370,934

 3b. Balance in the Class B Interest Funding Account     $      314,094

 3c. Balance in the CIA Interest Funding Account         $      101,521

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

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

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

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

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

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

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

                                      Page 5

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer
==============================================================================
                 Universal Card Master Trust, Series 1995-3
                    For the Due Period Ending December 31, 2001
==============================================================================
This Certificate relates to the Due Period ending Dec 31, 2001 and the related
Distribution Date.
E. Information Regarding Charge-offs and Distributions to Certificateholders(3)
------------------------------------------------------------------------------
1a. The total amount of the distribution to Class A
    Certificateholders on the Payment Date                            $    4,370,934

1b. The total amount of the distribution to Class B
    Certificateholders on the Payment Date                            $      314,094

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      101,521

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

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

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

3a. The amount of the distribution set forth in item 1(a) above
    in respect of interest on the Class A Certificates                $    4,370,934

3b. The amount of the distribution set forth in item 1(b) above
    in respect of interest on the Class B Certificates                $      314,094

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      101,521

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

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

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

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

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

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

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

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

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

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

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

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on January 17, 2002

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

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

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

                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 22 day of
                 January 2002

                             Universal Card Services Corp.,
                             Servicer

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

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

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

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

==============================================================================
This Certificate relates to the Due Period ending Dec 31, 2001 and the related
Distribution Date.
C2. Information Regarding Series 1997-1
   ------------------------------------
1. Total Investor Collections                    $  149,473,740
         Principal Collections                       $  135,851,162
         Reallocated Finance Charge Collections      $   13,622,578
    2. Investor Default Amount                       $    4,416,850
    3. Investor Monthly Interest                     $    1,908,303
    4. Investor Monthly Servicing Fee                $    1,558,333
    5. Excess Finance Charge Collections             $    5,739,308
*Finance charges have been reallocated based on sharing mechanics within the
Group, this amount also includes investment proceeds due to Series.

C3. Information Regarding Trigger Level
   ------------------------------------
Current Month
1. Series Adjusted Portfolio Yield - current month   11.05%

    2. Base Rate - current month                          4.16%
         Coupon Component                                 2.29%
         Servicing Component                              1.87%
    3. Excess Spread Percentage - current month           6.89%
3 Month Averages
4. Series Adjusted Portfolio Yield - 3 month average 11.55%

    5. Base Rate - 3 month average                        4.65%
         Coupon Component                                 2.78%
         Servicing Component                              1.87%
    6. Excess Spread Percentage - 3 month average         6.89%
Page 8

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

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

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

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

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

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

 2a. Class A Monthly Interest                            $    1,602,958

 2b. Class B Monthly Interest                            $      163,956

 2c. CIA Monthly Interest                                $      141,389

 3a. Balance in the Class A Interest Funding Account     $    3,050,792

 3b. Balance in the Class B Interest Funding Account     $      312,044

 3c. Balance in the CIA Interest Funding Account         $      141,389

 4a. Class A Investor Charge-offs                        $            0

 4b. Class B Investor Charge-offs                        $            0

 4c. CIA Investor Charge-offs                            $            0

 5. Required Amount                                      $            0

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

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

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

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

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

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

                                      Page 9

                         Universal Bank, N.A., Transferor
                    Universal Card Services Corp., Servicer
==============================================================================
                 Universal Card Master Trust, Series 1997-1
                    For the Due Period Ending December 31, 2001
==============================================================================
This Certificate relates to the Due Period ending Dec 31, 2001 and the related
Distribution Date.
E. Information Regarding Charge-offs and Distributions to Certificateholders(3)
------------------------------------------------------------------------------
1a. The total amount of the distribution to Class A
    Certificateholders on the Payment Date                            $            0

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

1c. The total amount of the distribution to CIA provider
    on the Payment Date                                               $      141,389

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

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

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

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

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

3c. The amount of the distribution set forth in item 1(c) above
    in respect of interest on the CIA                                 $      141,389

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

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

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

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

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

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

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

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

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

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

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

           3.    The undersigned is a Servicing Officer.

           4.    This Certificate relates to the Distribution Date
                 occurring on January 17, 2002

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

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

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

                 IN WITNESS WHEREOF, the undersigned has duly
                 executed and delivered this Certificate this 22 day of
                 January 2002

                             Universal Card Services Corp.,
                             Servicer

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