SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                 _______________


                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



      Date of Report (date of earliest event reported) September 17, 1998

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

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


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


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


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


                                       1
<PAGE>


INFORMATION TO BE INCLUDED IN THE REPORT

Items 1-4.        Not Applicable

Item 5.                 The Certificateholder Statements for the month ending
                  August 31, 1998 for the Universal Card Master Trust Series
                  1995-1, Series 1995-2, Series 1995-3, Series 1996-1, Series
                  1996-2, Series 1996-3, and Series 1997-1 Certificates were
                  distributed on September 17, 1998.

Item 6.                 Not Applicable.

Item 7.                 Exhibits.

      The following are filed as Exhibits to this Report under Exhibits 20.1,
      20.2, 20.3, 20.4, 20.5, 20.6, and 20.7.

      Exhibit 20.1                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1995-1.

      Exhibit 20.2                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1995-2.

      Exhibit 20.3                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1995-3.

      Exhibit 20.4                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1996-1.

      Exhibit 20.5                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1996-2.


      Exhibit 20.6                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1996-3.

      Exhibit 20.7                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1997-1.


                                  SIGNATURES


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

                                          UNIVERSAL BANK, N.A.



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


                                       2
<PAGE>


                                 EXHIBIT INDEX


Exhibit                       Description                         Page

20.1                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1995-1.
                              
20.2                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1995-2.
                              
20.3                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1995-3.
                              
20.4                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1996-1.
                              
20.5                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1996-2.

20.6                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1996-3.
                                                      
20.7                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1997-1.
                                                                            

                                       3
<PAGE>

     Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1995-2

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         675,000,000.00     35,625,000.00
     Amount
     Adjusted Invested /Transferor          675,000,000.00     35,625,000.00
     Amount
     Floating Allocation Percentage            90.0000000%        4.7500000%
     Principal Allocation Percentage           90.0000000%        4.7500000%
     Finance Charge Collections               9,138,060.46        482,286.52
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  111,488,159.26      5,884,097.29
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 2,659,293.57        140,351.61
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 337,863.51         17,831.69
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     675,000,000.00     35,625,000.00


                                       4
<PAGE>

     ------------------------------------------------------------------------
     Group II Information                  Series 1995-2        Series
     Invested Amount                        750,000,000.00              0.00
     Average Rate                                 5.95926%           0.0000%
     Investor Finance Charge Collections     10,528,804.41              0.00
     Investor Principal Collections         123,875,732.52              0.00
     Investor Default Amount Due              2,954,770.63              0.00
     Investor Monthly Interest Due            3,729,151.05              0.00
     Investor Monthly Fees Due                1,250,000.00              0.00
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.95000%          6.10000%
     Investor Monthly Interest Due            3,346,875.00        181,093.75
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              3,346,875.00        181,093.75
     Investor  Default Amount Due             2,659,293.57        140,351.61
     Investor Monthly Fees Due                1,125,000.00         59,375.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    7,131,168.57        380,820.36
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                          9,549,022.77        500,118.21
     Monthly Interest Paid                    3,346,875.00        181,093.75
     Investor Default Amount Paid             2,659,293.57              0.00
     Excess Spread                            3,542,854.20        319,024.46
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        140,351.61
     Required Amount                                  0.00        140,351.61
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        140,351.61
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00


                                       5
<PAGE>

     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         675,000,000.00     35,625,000.00
     Interest Distribution                    3,346,875.00        181,093.75
     Principal Distribution                           0.00              0.00
     Total Distribution                       3,346,875.00        181,093.75
     Ending Certificate Balance             675,000,000.00     35,625,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   4.9583            5.0833
     Certificate
     ------------------------------------------------------------------------
     Interest Distribution Per 1,000                4.9583            5.0833
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate


     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       6
<PAGE>

     Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          39,375,000.00    750,000,000.00
     Amount
     Adjusted Invested /Transferor           39,375,000.00    750,000,000.00
     Amount
     Floating Allocation Percentage             5.2500000%       77.0090984%
     Principal Allocation Percentage            5.2500000%       77.0090984%
     Finance Charge Collections                 533,053.53     10,153,400.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                    6,503,475.96    123,875,732.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   155,125.46      2,954,770.63
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  19,708.70        375,403.90
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      39,375,000.00    750,000,000.00
     ------------------------------------------------------------------------
     Group II Information                     Series            Series
     Invested Amount                                  0.00              0.00
     Average Rate                                  0.0000%           0.0000%
     Investor Finance Charge Collections              0.00              0.00
     Investor Principal Collections                   0.00              0.00
     Investor Default Amount Due                      0.00              0.00
     Investor Monthly Interest Due                    0.00              0.00
     Investor Monthly Fees Due                        0.00              0.00
     Investor Additional Amounts Due                  0.00              0.00


                                       7
<PAGE>

     ------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              5.93349%  
     Investor Monthly Interest Due              201,182.30      3,729,151.05
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                201,182.30      3,729,151.05
     Investor  Default Amount Due               155,125.46      2,954,770.63
     Investor Monthly Fees Due                   65,625.00      1,250,000.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      421,932.76      7,933,921.68
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              10,528,804.41
     Charge Collections
     Interest/Principal/Spread                                     73,098.80
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.24%
     Base Rate                                                         7.97%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            552,762.23     10,601,903.21
     Monthly Interest Paid                            0.00      3,527,968.75
     Investor Default Amount Paid                     0.00      2,659,293.57
     Excess Spread                              552,762.23      4,414,640.89
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            140,351.61
     Required Amount                                              140,351.61
     ------------------------------------------------------------------------
     Monthly Interest Paid                      201,182.30        201,182.30
     Investor Default Paid                      155,125.46        295,477.06
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,250,000.00
     Excess Finance Charge Collections                          2,667,981.53
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00


                                       8
<PAGE>

     ------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          39,375,000.00    750,000,000.00
     Interest Distribution                      201,182.30      3,729,151.05
     Principal Distribution                           0.00              0.00
     Total Distribution                         201,182.30      3,729,151.05
     Ending Certificate Balance              39,375,000.00    750,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1094
     Certificate
     ------------------------------------------------------------------------
     Interest Distribution Per 1,000                5.1094
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate


     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                   (1,937.50) 


                                       9
<PAGE>
    

     Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                      7.56%
     Beginning Invested /Transferor         223,910,895.96    973,910,895.96
     Amount
     Adjusted Invested /Transferor          223,910,895.96    973,910,895.96
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               3,031,276.01     13,184,676.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   36,982,835.01    160,858,567.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   882,140.45      3,836,911.09
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 112,076.03        487,479.93
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     206,869,982.25    956,869,982.25
     ------------------------------------------------------------------------
     Group II Information                   Group Total
     Invested Amount                        750,000,000.00
     Average Rate                                 5.95926%
     Investor Finance Charge Collections     10,528,804.41
     Investor Principal Collections         123,875,732.52
     Investor Default Amount Due              2,954,770.63
     Investor Monthly Interest Due            3,729,151.05
     Investor Monthly Fees Due                1,250,000.00
     Investor Additional Amounts Due                  0.00
     ------------------------------------------------------------------------

     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15

                                       10
<PAGE>

     Monthly Trust Activity                    Trust
                                              Totals
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance        802,500,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------------------------

                                       11
<PAGE>

     Group:                              Group II
     Series:                             Series 1995-2
     Supplement Date:                    15-Nov-95
                                          
                                          
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1995-2

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services  Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A. as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1995-2  Supplement  dated  as  of  11/15/95  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1995-2 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1995-2  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.

 A)  Information regarding distribution in
     respect of the Class A Certificates
     per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $4.95833333 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $4.95833333 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                       C-1

                                       12
<PAGE>

                                                  
 B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class A Certificates exceeds the class
     A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $5.08333333 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $5.08333333 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount                                          $0.00 


                                                     C-2

                                       13
<PAGE>

(2)  The amount of reductions in
     the Class B Invested Amount set
     forth in paragraph 1 above, per $1,000
     original certificate principal amount.                           $0.00  
                                                                
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class B Certificates exceeds the Class
     B Invested Amount after giving effect
     to all transactions on such Distribution Date                    $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in respect
     of interest on the Collateral Invested Amount              $201,182.30 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                                     C-3

                                       14
<PAGE>

RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:


Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 


Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 


Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 


Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 


DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 





                                                     C-4

                                       15
<PAGE>

INVESTED AMOUNTS ---

Class A Initial Invested Amount              $675,000,000 
Class B Initial Invested Amount               $35,625,000 
Collateral Initial Invested Amount            $39,375,000 
INITIAL INVESTED AMOUNT                                        $750,000,000 

Class A Invested Amount                   $675,000,000.00 
Class B Invested Amount                    $35,625,000.00 
Collateral Invested Amount                 $39,375,000.00 
INVESTED AMOUNT                                                $750,000,000 


Class A Adjusted Invested Amount          $675,000,000.00 
Class B Adjusted Invested Amount           $35,625,000.00 
Collateral Invested Amount                 $39,375,000.00 
ADJUSTED INVESTED AMOUNT                                       $750,000,000 


MONTHLY SERVICING FEE                                         $1,250,000.00 


INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 


GROUP II INFORMATION


WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.95926%
IN GROUP II

GROUP II INVESTOR FINANCE CHARGE                             $10,528,804.41 
COLLECTIONS
GROUP II INVESTOR ADDITIONAL AMOUNTS                                  $0.00 
GROUP II INVESTOR DEFAULT AMOUNT                              $2,954,770.63 
GROUP II INVESTOR MONTHLY FEES                                $1,250,000.00 
GROUP II INVESTOR MONTHLY INTEREST                            $3,729,151.05 


SERIES 1995-2 INFORMATION
SERIES 1995-2 ALLOCATION PERCENTAGE                                    7.56%
SERIES 1995-2 ALLOCABLE FINANCE CHARGE                       $13,184,676.51 
COLLECTIONS
SERIES 1995-2 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1995-2 ALLOCABLE DEFAULTED AMOUNT                      $3,836,911.09 
SERIES 1995-2 MONTHLY FEES                                    $1,250,000.00 
SERIES 1995-2 ALLOCABLE PRINCIPAL                           $160,858,567.52 
COLLECTIONS
SERIES 1995-2 REQUIRED TRANSFEROR AMOUNT                     $52,500,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                                     C-5

                                       16
<PAGE>

INVESTOR FINANCE CHARGE COLLECTIONS                          $10,153,400.51 
INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $10,528,804.41 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $123,875,732.52 


CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           90.00%

    Class A Floating Percentage of          $9,549,022.77 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                 $9,549,022.77 

   Class A Monthly Interest                 $3,346,875.00 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $2,659,293.57 
TOTAL CLASS A EXCESS SPREAD                                   $3,542,854.20 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---

CLASS B FLOATING PERCENTAGE                                            4.75%

CLASS B AVAILABLE FUNDS                                         $500,118.21 

   Class B Monthly Interest                   $181,093.75 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $319,024.46 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         5.25%

COLLATERAL AVAILABLE FUNDS                                      $552,762.23 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $552,762.23 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $4,414,640.89 

                                                     C-6

                                       17
<PAGE>

Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Chargeoffs
 
Excess Spread Applied to Class B                                $140,351.61 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $201,182.30 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,250,000.00 
Servicing Fee
Excess Spread Applied Collateral                                $155,125.46 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $2,667,981.53 

EXCESS FINANCE CHARGES COLLECTIONS

TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS FOR ALL ALLOCATION SERIES

SERIES 1995-2 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1995-2

Excess Finance Charge Collections                                     $0.00 
Applied to Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied toClass A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied toReductions of Class B Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Default Amount


                                                     C-7

                                       18
<PAGE>

Excess Finance Charge Collections                                     $0.00 
Applied to Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            7.97%                 1
Base Rate (Prior Month)                              7.97%                 1
Base Rate (Two Months Ago)                           7.96%                 1
THREE MONTH AVERAGE BASE RATE                                          7.97%

Series Adj Portfolio Yield (Curr Month)             12.24%                 1
Series Adj Portfolio Yield (Prior Month)            12.61%                 1
Series Adj Port Yield (Two Months Ago)              11.26%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.04%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          90.00%

   Class A Principal Collections          $111,488,159.26 

CLASS B PRINCIPAL PERCENTAGE                                           4.75%

   Class B Principal Collections            $5,884,097.29 

COLLATERAL PRINCIPAL PERCENTAGE                                        5.25%
   Collateral Principal Collections         $6,503,475.96 

AVAILABLE PRINCIPAL COLLECTIONS           $123,875,732.52 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1995-2 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                                     C-8

                                       19
<PAGE>

ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $123,875,732.52 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED


     UNIVERSAL CARD SERVICES CORP.,
     as Servicer


     By _/s/Tom Donahue______
          Name:   Thomas Donahue
           Title:  Servicing Officer

                                       20
<PAGE>
     Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1995-3

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         652,500,000.00     45,000,000.00
     Amount
     Adjusted Invested /Transferor          652,500,000.00     45,000,000.00
     Amount
     Floating Allocation Percentage            87.0000000%        6.0000000%
     Principal Allocation Percentage           87.0000000%        6.0000000%
     Finance Charge Collections               8,833,458.44        609,204.03
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  107,771,887.29      7,432,543.95
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 2,570,650.45        177,286.24
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 326,601.39         22,524.23
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     652,500,000.00     45,000,000.00


                                       21
<PAGE>

     ------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.87750%          5.98750%
     Investor Monthly Interest Due            3,302,420.31        232,015.63
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              3,302,420.31        232,015.63
     Investor  Default Amount Due             2,570,650.45        177,286.24
     Investor Monthly Fees Due                1,087,500.00         75,000.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    6,960,570.76        484,301.86
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                          9,245,579.94        634,284.34
     Monthly Interest Paid                    3,302,420.31        232,015.63
     Investor Default Amount Paid             2,570,650.45              0.00
     Excess Spread                            3,372,509.18        402,268.71
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        177,286.24
     Required Amount                                  0.00        177,286.24
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        177,286.24
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00


                                       22
<PAGE>

     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         652,500,000.00     45,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             652,500,000.00     45,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Accounts Deposit        3,302,420.31        232,015.63
     2nd Collection Accounts Deposit          3,302,420.31        232,015.63
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          6,604,840.62        464,031.26


     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       23
<PAGE>

     ------------------------------------------------------------------------
     Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          52,500,000.00    750,000,000.00
     Amount
     Adjusted Invested /Transferor           52,500,000.00    750,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 710,738.04     10,153,400.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                    8,671,301.28    123,875,732.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   206,833.94      2,954,770.63
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  26,278.27        375,403.90
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                          (0.00)
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      52,500,000.00    750,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00


                                       24
<PAGE>

     ------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              5.99063%  
     Investor Monthly Interest Due              270,826.40      3,805,262.34
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                270,826.40      3,805,262.34
     Investor  Default Amount Due               206,833.94      2,954,770.63
     Investor Monthly Fees Due                   87,500.00      1,250,000.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      565,160.34      8,010,032.97
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              10,571,405.61
     Charge Collections
     Interest/Principal/Spread                                     48,457.06
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.26%
     Base Rate                                                         8.09%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            739,998.39     10,619,862.67
     Monthly Interest Paid                            0.00      3,534,435.94
     Investor Default Amount Paid                     0.00      2,570,650.45
     Excess Spread                              739,998.39      4,514,776.28
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            177,286.24
     Required Amount                                              177,286.24
     ------------------------------------------------------------------------
     Monthly Interest Paid                      270,826.40        270,826.40
     Investor Default Paid                      206,833.94        384,120.18
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,250,000.00
     Excess Finance Charge Collections                          2,609,829.70
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                          (0.00)
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00
     ------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          52,500,000.00    750,000,000.00
     Interest Distribution                      270,826.40        270,826.40
     Principal Distribution                           0.00              0.00
     Total Distribution                         270,826.40        270,826.40
     Ending Certificate Balance              52,500,000.00    750,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1586
     Certificate
     Interest Distribution Per 1,000                5.1586
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Accounts Deposit                          3,534,435.94
     2nd Collection Accounts Deposit                            3,534,435.94
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            7,068,871.88


     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                         0.00 


                                       25
<PAGE>

     ------------------------------------------------------------------------
     Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                      7.56%
     Beginning Invested /Transferor         223,910,895.96    973,910,895.96
     Amount
     Adjusted Invested /Transferor          223,910,895.96    973,910,895.96
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               3,031,276.01     13,184,676.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   36,982,835.01    160,858,567.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   882,140.45      3,836,911.09
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 112,076.03        487,479.93
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     206,869,982.25    956,869,982.25
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15

                                       26
<PAGE>

     ------------------------------------------------------
     Monthly Trust Activity                    Trust
                                              Totals
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor       
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance        802,500,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------

                                       27
<PAGE>


     Group:                              Group 1
     Series:                             Series 1995-3
     Supplement Date:                    15-Nov-95
                                          
                                          
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1995-3

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services  Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A. as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1995-3  Supplement  dated  as  of  11/15/95  (the
"Supplement")  among UCS,  and the  Trustee,  as Servicer is required to prepare
certain  information  each month regarding  current  distributions to the Series
1995-3 Certificateholders and the performance of the Universal Card Master Trust
(the "Trust") during the previous month. The information which is required to be
prepared with respect to the  Distribution  Date of 09/17/98 with respect to the
performance  of the Trust  during the month of 08/01/98 to 08/31/98 is set forth
below.  Certain of the  information  is  presented  on the basis of an  original
principal  amount of $1,000 per Series  1995-3  Certificate  (a  "Certificate").
Certain other  information is presented  based on the aggregate  amounts for the
Trust as a whole.  Capitalized  terms used in this Monthly  Statement have their
respective  meanings set forth in the Pooling and  Servicing  Agreement  and the
Supplement.

 A)  Information regarding distribution
     in respect of the Class A Certificates
     per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                 C-1                                      

                                       28
<PAGE>

 B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor Charge Offs                       $0.00 
(2)  The amount of Class A Investors Charge Offs
     set forth in paragraph 1 above, per $1,000 
     original certificate principal amount                            $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the Class A
     Certificates exceeds the Class A Invested Amount
     after giving effect to all transactions on such
     Distribution Date                                                $0.00 

 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Class B Invested Amount                            $0.00 

                                                           C-2


                                       29
<PAGE>

(2)  The amount of reductions in the Class B 
     Invested Amount set forth in paragraph 1 above,
      per $1,000 original certificate principal amount                $0.00 
(3)  The total amount reimbursed in 
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of  the
     Class B Certificates exceeds the Class
     B Invested Amount after giving effect
     to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in respect
     of interest on the Collateral Invested Amount              $270,826.40 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount
     pursuant to clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                        ($0.00)
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 



                                       C-3


                                       30
<PAGE>

RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:


Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 


Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 


Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 


Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 


DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 


                                       C-4

                                       31
<PAGE>

INVESTED AMOUNTS ---

Class A Initial Invested Amount              $652,500,000 
Class B Initial Invested Amount               $45,000,000 
Collateral Initial Invested Amount            $52,500,000 
INITIAL INVESTED AMOUNT                                        $750,000,000 

Class A Invested Amount                   $652,500,000.00 
Class B Invested Amount                    $45,000,000.00 
Collateral Invested Amount                 $52,500,000.00 
INVESTED AMOUNT                                                $750,000,000 


Class A Adjusted Invested Amount          $652,500,000.00 
Class B Adjusted Invested Amount           $45,000,000.00 
Collateral Invested Amount                 $52,500,000.00 
ADJUSTED INVESTED AMOUNT                                       $750,000,000 


MONTHLY SERVICING FEE                                         $1,250,000.00 


INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 


GROUP 1 INFORMATION


WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 


SERIES 1995-3  INFORMATION
SERIES 1995-3  ALLOCATION PERCENTAGE                                   7.56%
SERIES 1995-3  ALLOCABLE FINANCE CHARGE                      $13,184,676.51 
COLLECTIONS
SERIES 1995-3  ADDITIONAL AMOUNTS                                     $0.00 
SERIES 1995-3  ALLOCABLE DEFAULTED                            $3,836,911.09 
AMOUNT
SERIES 1995-3  MONTHLY FEES                                   $1,250,000.00 
SERIES 1995-3  ALLOCABLE PRINCIPAL                          $160,858,567.52 
COLLECTIONS
SERIES 1995-3  REQUIRED TRANSFEROR                           $52,500,000.00 
AMOUNT
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                       C-5

                                       32
<PAGE>


INVESTOR FINANCE CHARGE COLLECTIONS                          $10,153,400.51 
INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $10,571,405.61 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $123,875,732.52 


CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           87.00%

    Class A Floating Percentage of          $9,245,579.94 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                 $9,245,579.94 

   Class A Monthly Interest                 $3,302,420.31 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $2,570,650.45 
TOTAL CLASS A EXCESS SPREAD                                   $3,372,509.18 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            6.00%

CLASS B AVAILABLE FUNDS                                         $634,284.34 

   Class B Monthly Interest                   $232,015.63 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $402,268.71 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $739,998.39 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $739,998.39 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $4,514,776.28 

                                       C-6

                                       33
<PAGE>

Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $177,286.24 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $270,826.40 
Monthly Interest
Excess Spread Applied to Unpaid Monthly                       $1,250,000.00 
Servicing Fee
Excess Spread Applied Collateral                                $206,833.94 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses (c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $2,609,829.70 

EXCESS FINANCE CHARGES COLLECTIONS

TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
FOR ALL ALLOCATION SERIES

SERIES 1995-3  EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1995-3

Excess Finance Charge Collections                                     $0.00 
Applied to Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to Reductions of Class B Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Default Amount


                                       C-7

                                       34
<PAGE>

Excess Finance Charge Collections                                     $0.00 
Applied to Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.09%                 1
Base Rate (Prior Month)                              8.09%                 1
Base Rate (Two Months Ago)                           7.89%                 1
THREE MONTH AVERAGE BASE RATE                                          8.02%

Series Adj Portfolio Yield (Curr Month)             12.26%                 1
Series Adj Portfolio Yield (Prior Month)            12.73%                 1
Series Adj Port Yield (Two Months Ago)              11.33%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.11%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          87.00%

   Class A Principal Collections          $107,771,887.29 

CLASS B PRINCIPAL PERCENTAGE                                           6.00%

   Class B Principal Collections            $7,432,543.95 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections         $8,671,301.28 

AVAILABLE PRINCIPAL COLLECTIONS           $123,875,732.52 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1995-3  PRINCIPAL SHORTFALL                                    $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                       C-8


                                       35
<PAGE>

ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $123,875,732.52 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                      ($0.00)
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED


     UNIVERSAL CARD SERVICES CORP.,
     as Servicer


     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer






                                       36
<PAGE>

     Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1996-1

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00


                                       37
<PAGE>

     ------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.81250%          5.94750%
     Investor Monthly Interest Due            4,254,427.08        409,716.67
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,254,427.08        409,716.67
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    9,019,833.80        858,225.53
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                         12,004,341.39      1,123,741.60
     Monthly Interest Paid                    4,254,427.08        409,716.67
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,401,174.26        714,024.93
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00


                                       38
<PAGE>

     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,254,427.08        409,716.67
     2nd Collection Accounts Deposit          4,254,427.08        409,716.67
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          8,508,854.16        819,433.34


     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor



                                       39
<PAGE>


     Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00


                                       40
<PAGE>

     ------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              5.99063%  
     Investor Monthly Interest Due              361,101.86      5,025,245.61
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                361,101.86      5,025,245.61
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      753,547.12     10,631,606.46
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              14,046,769.99
     Charge Collections
     Interest/Principal/Spread                                     64,586.90
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.21%
     Base Rate                                                         8.03%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            983,273.90     14,111,356.89
     Monthly Interest Paid                            0.00      4,664,143.75
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              983,273.90      6,098,473.09
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                      361,101.86        361,101.86
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,479,750.43
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00


                                       41
<PAGE>

     ------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      361,101.86        361,101.86
     Principal Distribution                           0.00              0.00
     Total Distribution                         361,101.86        361,101.86
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1586
     Certificate
     Interest Distribution Per 1,000                5.1586
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,664,143.75
     2nd Collection Accounts Deposit                            4,664,143.75
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            9,328,287.50


     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                         0.00 


                                       42
<PAGE>
     Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15
      
     31+Days Delinquency Rate


                                       43
<PAGE>

     Monthly Trust Activity                    Trust
                                              Totals
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------


                                       44
<PAGE>
     Group:                              Group 1
     Series:                             Series 1996-1
     Supplement Date:                    30-Apr-96
                                                            
MONTHLY STATEMENT
UNIVERSAL CARD MASTER TRUST
SERIES 1996-1

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A., as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1996-1  Supplement  dated  as  of  04/30/96  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1996-1 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1996-1  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.

 A)  Information regarding distribution
     in respect of the Class A Certificates
     per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                       C-1

                                       45
<PAGE>

 B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of  the
     Class A Certificates exceeds the  Class
     A Invested Amount after giving effect
     to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding
     distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of
     Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount                                          $0.00 


                                       C-2

                                       46
<PAGE>

(2)  The amount of reductions in
     the Class B Invested Amount set forth
     in paragraph 1 above, per $1,000
     original certificate principal amount                             $0.00 
     
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class B Certificates exceeds the  Class
     B Invested Amount after giving effect
     to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in respect
     of interest on the Collateral Invested Amount              $361,101.86 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       C-3

                                       47
<PAGE>

RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:


Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 


Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 


Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 


Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 


DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 





                                       C-4

                                       48
<PAGE>

INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 


Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 


MONTHLY SERVICING FEE                                         $1,666,666.67 


INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 


GROUP 1 INFORMATION


WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 


SERIES 1996-1 INFORMATION
SERIES 1996-1 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1996-1 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1996-1 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1996-1 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1996-1 MONTHLY FEES                                    $1,666,666.67 
SERIES 1996-1 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1996-1 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                       C-5

                                       49
<PAGE>

INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,046,769.99 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 


CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,004,341.39 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,004,341.39 

   Class A Monthly Interest                 $4,254,427.08 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,401,174.26 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,123,741.60 

   Class B Monthly Interest                   $409,716.67 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $714,024.93 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $983,273.90 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $983,273.90 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,098,473.09 


                                       C-6

                                       50
<PAGE>

Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                            $361,101.86 
Monthly Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses (c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,479,750.43 

EXCESS FINANCE CHARGES COLLECTIONS

TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
FOR ALL ALLOCATION SERIES

SERIES 1996-1 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1996-1

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount


                                       C-7

                                       51
<PAGE>

Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.03%                 1
Base Rate (Prior Month)                              8.03%                 1
Base Rate (Two Months Ago)                           7.84%                 1
THREE MONTH AVERAGE BASE RATE                                          7.97%

Series Adj Portfolio Yield (Curr Month)             12.21%                 1
Series Adj Portfolio Yield (Prior Month)            12.67%                 1
Series Adj Port Yield (Two Months Ago)              11.28%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.05%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1996-1 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES


                                       C-8

                                       52
<PAGE>

ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED


UNIVERSAL CARD SERVICES CORP.,
as Servicer

By _/s/Tom Donahue______
     Name:   Thomas Donahue
     Title:  Servicing Officer



                                       53
<PAGE>

     Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1996-2

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00


                                       54
<PAGE>

     ------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.75750%          5.89750%
     Investor Monthly Interest Due            4,214,170.14        406,272.22
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,214,170.14        406,272.22
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    8,979,576.86        854,781.09
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                         12,005,526.60      1,120,348.82
     Monthly Interest Paid                    4,214,170.14        406,272.22
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,442,616.41        714,076.60
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00


                                       55
<PAGE>

     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,214,170.14        406,272.22
     2nd Collection Accounts Deposit          4,214,170.14        406,272.22
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          8,428,340.28        812,544.44


     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor


                                       56
<PAGE>


     Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00


                                       57
<PAGE>

     ------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              6.01206%  
     Investor Monthly Interest Due              362,393.53      4,982,835.89
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                362,393.53      4,982,835.89
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      754,838.79     10,589,196.74
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              14,004,360.26
     Charge Collections
     Interest/Principal/Spread                                    101,820.38
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.20%
     Base Rate                                                         7.98%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            980,305.22     14,106,180.64
     Monthly Interest Paid                            0.00      4,620,442.36
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              980,305.22      6,136,998.23
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                      362,393.53        362,393.53
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,516,983.91
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00


                                       58
<PAGE>

     ------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      362,393.53        362,393.53
     Principal Distribution                           0.00              0.00
     Total Distribution                         362,393.53        362,393.53
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1771
     Certificate
     Interest Distribution Per 1,000                5.1771
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,620,442.36
     2nd Collection Accounts Deposit                            4,620,442.36
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            9,240,884.72


     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                   (1,722.22) CIA Investor
                                                           Interest Reduced
                                                           Margin



                                       59
<PAGE>



     Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------


     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15
      


                                       60
<PAGE>

     Monthly Trust Activity                    Trust
                                              Totals
     ------------------------------------------------------
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor       
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------


                                       61
<PAGE>

     Group:                              Group 1
     Series:                             Series 1996-2
     Supplement Date:                    17-Sep-96
                                                            
                                                            
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1996-2

     Pursuant to the Pooling and
Servicing Agreement dated
as of August 1, 1995 (hereinafter as such agreement may
have been
or may be from time to time, amended or
otherwise modified, the
"Pooling and Servicing Agreement"),
among Universal Card
Services Corp. ("UCS") as Servicer,
Universal Bank, N.A.,
as Transferor, and Bankers Trust
Company, as trustee
(the 'Trustee'), as supplemented by the Series 1996-2
Supplement
dated as of 6/30/96 (the "Supplement") among UCS,
Universal Bank, N.A.
and the Trustee, as Servicer is
required to prepare certain
information each month regarding
current distributions to the
Series 1996-2 Certificateholders and
the performance of the
Universal Card Master Trust (the
"Trust") during the previous
month.  The information which is
required to be prepared with
respect to the Distribution Date of
09/17/98 with respect
to the performance of the Trust during the month of
08/01/98 to 08/31/98
is set forth below.  Certain of the
information is presented on the
basis of an original principal amount
of $1,000 per Series 1996-2
Certificate (a "Certificate").  Certain
other information is
presented based on the aggregate
amounts for the Trust as a
whole.  Capitalized terms used in this
Monthly Statement have
their respective meanings set forth in
the Pooling and Servicing
Agreement and the Supplement.

 A)  Information regarding distribution
     in respect of the Class A
     Certificates per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 


                                       C-1

                                       62
<PAGE>

 B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph
     1 above, per $1,000 original
     certificate principal amount                                     $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class A Certificates exceeds the Class
     A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of  Class B Invested Amount                           $0.00 


                                       C-2

                                       63
<PAGE>

(2)  The amount of reductions in
     the Class B Invested Amount set  forth
     in paragraph 1 above, per $1,000
     original certificate principal amount                            $0.00 
     
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class B Certificates exceeds the
     Class B Invested Amount after giving effect
     to all transactions on such Distribution Date                    $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in
     respect of interest on the Collateral
     Invested Amount                                            $362,393.53 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral  Invested Amount                 $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       C-3

                                       64
<PAGE>

RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:


Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 


Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 


Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 


Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 


DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 



                                       C-4

                                       65
<PAGE>

INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 


Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 


MONTHLY SERVICING FEE                                         $1,666,666.67 


INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 


GROUP 1 INFORMATION


WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 


SERIES 1996-2 INFORMATION
SERIES 1996-2 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1996-2 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1996-2 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1996-2 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1996-2 MONTHLY FEES                                    $1,666,666.67 
SERIES 1996-2 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1996-2 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                       C-5

                                       66
<PAGE>

INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,004,360.26 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 


CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,005,526.60 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,005,526.60 

   Class A Monthly Interest                 $4,214,170.14 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,442,616.41 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,120,348.82 

   Class B Monthly Interest                   $406,272.22 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $714,076.60 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $980,305.22 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $980,305.22 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,136,998.23 



                                       C-6

                                       67
<PAGE>

Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $362,393.53 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to
Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,516,983.91 

EXCESS FINANCE CHARGES COLLECTIONS

 TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
 FOR ALL ALLOCATION SERIES

SERIES 1996-2 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1996-2

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount


                                       C-7

                                       68
<PAGE>

Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            7.98%                 1
Base Rate (Prior Month)                              7.98%                 1
Base Rate (Two Months Ago)                           7.79%                 1
THREE MONTH AVERAGE BASE RATE                                          7.92%

Series Adj Portfolio Yield (Curr Month)             12.20%                 1
Series Adj Portfolio Yield (Prior Month)            12.67%                 1
Series Adj Port Yield (Two Months Ago)              11.25%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.04%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1996-2 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES


                                       C-8

                                       69
<PAGE>

ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED


UNIVERSAL CARD SERVICES CORP.,
as Servicer


By _/s/Tom Donahue______
     Name:   Thomas Donahue
     Title:  Servicing Officer


                                       70
<PAGE>

     Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1996-3

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00


                                       71
<PAGE>

     ------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.78750%          5.98750%
     Investor Monthly Interest Due            4,236,128.47        412,472.22
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,236,128.47        412,472.22
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    9,001,535.19        860,981.09
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                         12,015,300.33      1,122,739.27
     Monthly Interest Paid                    4,236,128.47        412,472.22
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,430,431.81        710,267.04
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00


                                       72
<PAGE>

     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                   12,571,736.11      1,224,111.11
     Principal Distribution                           0.00              0.00
     Total Distribution                      12,571,736.11      1,224,111.11
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                  14.7903           15.3014
     Certificate
     Interest Distribution Per 1,000               14.7903           15.3014
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,099,479.17        399,166.67
     2nd Collection Accounts Deposit          4,236,128.47        412,472.22
     3rd Collection Accounts Deposit          4,236,128.47        412,472.22
     Quarterly Interest Distribution         12,571,736.11      1,224,111.11


     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor



                                       73
<PAGE>



     Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00


                                       74
<PAGE>

     ------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              6.04063%  
     Investor Monthly Interest Due              364,115.75      5,012,716.45
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                364,115.75      5,012,716.45
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      756,561.01     10,619,077.29
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              14,034,240.82
     Charge Collections
     Interest/Principal/Spread                                     86,195.64
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.22%
     Base Rate                                                         8.02%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            982,396.86     14,120,436.46
     Monthly Interest Paid                            0.00      4,648,600.69
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              982,396.86      6,123,095.71
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                      364,115.75        364,115.75
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,501,359.17
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00
     ------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      364,115.75     14,159,962.98
     Principal Distribution                           0.00              0.00
     Total Distribution                         364,115.75     14,159,962.98
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.2017
     Certificate
     Interest Distribution Per 1,000                5.2017
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,498,645.84
     2nd Collection Accounts Deposit                            4,648,600.69
     3rd Collection Accounts Deposit                            4,648,600.69
     Quarterly Interest Distribution                           13,795,847.22


     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                         0.00 CIA Investor
                                                           Interest Reduced
                                                           Margin

    

                                       75
<PAGE>

     Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15
      




                                       76
<PAGE>





     Monthly Trust Activity                    Trust
                                              Totals
     ------------------------------------------------------
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------


                                       77
<PAGE>



     Group:                              Group 1
     Series:                             Series 1996-3
     Supplement Date:                    17-Sep-96
                                                            
                                                            
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1996-3

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A., as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1996-3   Supplement  dated  as  of  9/17/96  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1996-3 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1996-3  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.
 A)  Information regarding distribution
     in respect of the Class A
     Certificates per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                              $14.79027778 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                              $14.79027778 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 


                                       C-1


                                       78
<PAGE>

 B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate       
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class A Certificates exceeds the
     Class A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding
     distributions in
     respect of the Class B
     Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                              $15.30138890 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                              $15.30138890 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of
     Class B Invested Amount                                          $0.00 


                                       C-2

                                       79
<PAGE>

(2)  The amount of reductions in
     the Class B Invested Amount set
     forth in paragraph 1 above, per $1,000
     original certificate principal amount                            $0.00 
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class B Certificates exceeds the
     Class B Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in
     respect of interest on the Collateral
     Invested Amount                                            $364,115.75
     the amount distributed to the
     Collateral Interest Holder in
     respect of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested
     Amount                                                           $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       C-3

                                       80
<PAGE>

RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:


Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 


Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 


Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 


Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 


DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 



                                                     C-4

                                       81
<PAGE>

INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 


Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 


MONTHLY SERVICING FEE                                         $1,666,666.67 


INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 


GROUP 1 INFORMATION


WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 


SERIES 1996-3 INFORMATION
SERIES 1996-3 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1996-3 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1996-3 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1996-3 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1996-3 MONTHLY FEES                                    $1,666,666.67 
SERIES 1996-3 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1996-3 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                                     C-5

                                       82
<PAGE>

INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,034,240.82 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 


CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,015,300.33 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,015,300.33 

   Class A Monthly Interest                 $4,236,128.47 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,430,431.81 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,122,739.27 

   Class B Monthly Interest                   $412,472.22 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $710,267.04 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $982,396.86 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $982,396.86 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,123,095.71 


                                                     C-6

                                       83
<PAGE>

Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $364,115.75 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to
Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,501,359.17 

EXCESS FINANCE CHARGES COLLECTIONS

 TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
 FOR ALL ALLOCATION SERIES

SERIES 1996-3 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1996-3

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount


                                                     C-7

                                       84
<PAGE>

Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.02%                 1
Base Rate (Prior Month)                              8.02%                 1
Base Rate (Two Months Ago)                           7.82%                 1
THREE MONTH AVERAGE BASE RATE                                          7.95%

Series Adj Portfolio Yield (Curr Month)             12.22%                 1
Series Adj Portfolio Yield (Prior Month)            12.61%                 1
Series Adj Port Yield (Two Months Ago)              11.31%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.05%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1996-3 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES



                                                     C-8

                                       85
<PAGE>

ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED


     UNIVERSAL CARD SERVICES CORP.,
     as Servicer


     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer


                                       86
<PAGE>

     Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1997-1

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98

     Monthly Trust Activity                   Class A           Class B
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

                                       87
<PAGE>

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.77750%          5.96750%
     Investor Monthly Interest Due            4,228,809.03        411,094.44
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,228,809.03        411,094.44
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    8,994,215.75        859,603.31
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     Application of Collections               Class A           Class B
     Available Funds                         12,091,332.47      1,122,052.10
     Monthly Interest Paid                    4,228,809.03        411,094.44
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,513,783.39        710,957.65
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,228,809.03        411,094.44
     2nd Collection Accounts Deposit                  0.00              0.00
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          4,228,809.03        411,094.44


     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       88
<PAGE>


     Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              6.04242%  
     Investor Monthly Interest Due              364,223.39      5,004,126.86
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                364,223.39      5,004,126.86
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      756,668.65     10,610,487.71
     Reallocated Investor Finance                              14,025,651.24
     Charge Collections
     Interest/Principal/Spread                                    169,528.92
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.31%
     Base Rate                                                         8.00%
     Application of Collections            CIA Investor          Total
     Available Funds                            981,795.59     14,195,180.15
     Monthly Interest Paid                            0.00      4,639,903.47
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              981,795.59      6,206,536.63
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     Monthly Interest Paid                      364,223.39        364,223.39
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,584,692.45
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      364,223.39        364,223.39
     Principal Distribution                           0.00              0.00
     Total Distribution                         364,223.39        364,223.39
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.2032
     Certificate
     Interest Distribution Per 1,000                5.2032
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,639,903.47
     2nd Collection Accounts Deposit                                    0.00
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            4,639,903.47


     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                   (2,906.25) CIA Investor
                                                           Interest Reduced
                                                           Margin

                                       89
<PAGE>

     Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15

                                       90
<PAGE>


     Monthly Trust Activity                    Trust
                                              Totals
     ------------------------------------------------------
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04


                                       91
<PAGE>


     Group:                              Group 1
     Series:                             Series 1997-1
     Supplement Date:                    14-May-97
                                                            
                                                            
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1997-1

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A., as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1997-1   Supplement  dated  as  of  5/14/97  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1997-1 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1997-1  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.

 A)  Information regarding distribution
     in respect of the Class A
     Certificates per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 


                                                     C-1

                                       92
<PAGE>

 B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class A Certificates exceeds the
     Class A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Class B Invested Amount                            $0.00 


                                                     C-2

                                       93
<PAGE>

(2)  The amount of reductions in
     the Class B Invested Amount set
     forth in paragraph 1 above, per $1,000
     original certificate principal amount                            $0.00 
     
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class B Certificates exceeds the
     Class B Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in
     respect of interest on the Collateral
     Invested Amount                                             $364,223.39 
(2)  The amount distributed to the
     Collateral Interest Holder in
     respect of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount
     pursuant to clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                                     C-3

                                       94
<PAGE>

RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:


Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 


Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 


Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 


Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 


DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 


                                                     C-4

                                       95
<PAGE>

INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 


Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 


MONTHLY SERVICING FEE                                         $1,666,666.67 


INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 


GROUP 1 INFORMATION


WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 


SERIES 1997-1 INFORMATION
SERIES 1997-1 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1997-1 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1997-1 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1997-1 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1997-1 MONTHLY FEES                                    $1,666,666.67 
SERIES 1997-1 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1997-1 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                                     C-5

                                       96
<PAGE>

INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,025,651.24 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 


CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,091,332.47 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,091,332.47 

   Class A Monthly Interest                 $4,228,809.03 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,513,783.39 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,122,052.10 

   Class B Monthly Interest                   $411,094.44 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $710,957.65 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $981,795.59 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $981,795.59 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,206,536.63 


                                       C-6

                                       97
<PAGE>

Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $364,223.39 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to
Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,584,692.45 

EXCESS FINANCE CHARGES COLLECTIONS

 TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
 FOR ALL ALLOCATION SERIES

SERIES 1997-1 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1997-1

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount


                                                     C-7

                                       98
<PAGE>

Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.00%                 1
Base Rate (Prior Month)                              8.02%                 1
Base Rate (Two Months Ago)                           7.82%                 1
THREE MONTH AVERAGE BASE RATE                                          7.95%

Series Adj Portfolio Yield (Curr Month)             12.31%                 1
Series Adj Portfolio Yield (Prior Month)            12.71%                 1
Series Adj Port Yield (Two Months Ago)              11.33%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.12%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1997-1 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES


                                                     C-8

                                       99
<PAGE>

ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED


     UNIVERSAL CARD SERVICES CORP.,
     as Servicer


     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer



                                      100
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                 _______________

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

      Date of Report (date of earliest event reported) September 17, 1998

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

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

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

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

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

                                       1
INFORMATION TO BE INCLUDED IN THE REPORT

Items 1-4.        Not Applicable

Item 5.                 The Certificateholder Statements for the month ending
                  August 31, 1998 for the Universal Card Master Trust Series
                  1995-1, Series 1995-2, Series 1995-3, Series 1996-1, Series
                  1996-2, Series 1996-3, and Series 1997-1 Certificates were
                  distributed on September 17, 1998.

Item 6.                 Not Applicable.

Item 7.                 Exhibits.

      The following are filed as Exhibits to this Report under Exhibits 20.1,
      20.2, 20.3, 20.4, 20.5, 20.6, and 20.7.

      Exhibit 20.1                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1995-1.

      Exhibit 20.2                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1995-2.

      Exhibit 20.3                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1995-3.

      Exhibit 20.4                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1996-1.

      Exhibit 20.5                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1996-2.

      Exhibit 20.6                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1996-3.

      Exhibit 20.7                  Monthly Servicing Report dated
                                    September 17, 1998 with respect to the
                                    Universal Card Master Trust Series 1997-1.

                                  SIGNATURES

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

                                          UNIVERSAL BANK, N.A.

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

                                       2
EXHIBIT INDEX

Exhibit                       Description                         Page

20.1                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1995-1.
                              
20.2                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1995-2.
                              
20.3                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1995-3.
                              
20.4                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1996-1.
                              
20.5                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1996-2.

20.6                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1996-3.
                                                      
20.7                          Monthly Servicing Report dated
                              September 17, 1998 with respect to the
                              Universal Card Master Trust Series 1997-1.
                                                                            

                                       3
Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1995-2

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         675,000,000.00     35,625,000.00
     Amount
     Adjusted Invested /Transferor          675,000,000.00     35,625,000.00
     Amount
     Floating Allocation Percentage            90.0000000%        4.7500000%
     Principal Allocation Percentage           90.0000000%        4.7500000%
     Finance Charge Collections               9,138,060.46        482,286.52
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  111,488,159.26      5,884,097.29
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 2,659,293.57        140,351.61
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 337,863.51         17,831.69
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     675,000,000.00     35,625,000.00

                                       4
------------------------------------------------------------------------
     Group II Information                  Series 1995-2        Series
     Invested Amount                        750,000,000.00              0.00
     Average Rate                                 5.95926%           0.0000%
     Investor Finance Charge Collections     10,528,804.41              0.00
     Investor Principal Collections         123,875,732.52              0.00
     Investor Default Amount Due              2,954,770.63              0.00
     Investor Monthly Interest Due            3,729,151.05              0.00
     Investor Monthly Fees Due                1,250,000.00              0.00
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.95000%          6.10000%
     Investor Monthly Interest Due            3,346,875.00        181,093.75
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              3,346,875.00        181,093.75
     Investor  Default Amount Due             2,659,293.57        140,351.61
     Investor Monthly Fees Due                1,125,000.00         59,375.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    7,131,168.57        380,820.36
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                          9,549,022.77        500,118.21
     Monthly Interest Paid                    3,346,875.00        181,093.75
     Investor Default Amount Paid             2,659,293.57              0.00
     Excess Spread                            3,542,854.20        319,024.46
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        140,351.61
     Required Amount                                  0.00        140,351.61
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        140,351.61
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00

                                       5
------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         675,000,000.00     35,625,000.00
     Interest Distribution                    3,346,875.00        181,093.75
     Principal Distribution                           0.00              0.00
     Total Distribution                       3,346,875.00        181,093.75
     Ending Certificate Balance             675,000,000.00     35,625,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   4.9583            5.0833
     Certificate
     ------------------------------------------------------------------------
     Interest Distribution Per 1,000                4.9583            5.0833
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       6
Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          39,375,000.00    750,000,000.00
     Amount
     Adjusted Invested /Transferor           39,375,000.00    750,000,000.00
     Amount
     Floating Allocation Percentage             5.2500000%       77.0090984%
     Principal Allocation Percentage            5.2500000%       77.0090984%
     Finance Charge Collections                 533,053.53     10,153,400.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                    6,503,475.96    123,875,732.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   155,125.46      2,954,770.63
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  19,708.70        375,403.90
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      39,375,000.00    750,000,000.00
     ------------------------------------------------------------------------
     Group II Information                     Series            Series
     Invested Amount                                  0.00              0.00
     Average Rate                                  0.0000%           0.0000%
     Investor Finance Charge Collections              0.00              0.00
     Investor Principal Collections                   0.00              0.00
     Investor Default Amount Due                      0.00              0.00
     Investor Monthly Interest Due                    0.00              0.00
     Investor Monthly Fees Due                        0.00              0.00
     Investor Additional Amounts Due                  0.00              0.00

                                       7
------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              5.93349%  
     Investor Monthly Interest Due              201,182.30      3,729,151.05
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                201,182.30      3,729,151.05
     Investor  Default Amount Due               155,125.46      2,954,770.63
     Investor Monthly Fees Due                   65,625.00      1,250,000.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      421,932.76      7,933,921.68
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              10,528,804.41
     Charge Collections
     Interest/Principal/Spread                                     73,098.80
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.24%
     Base Rate                                                         7.97%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            552,762.23     10,601,903.21
     Monthly Interest Paid                            0.00      3,527,968.75
     Investor Default Amount Paid                     0.00      2,659,293.57
     Excess Spread                              552,762.23      4,414,640.89
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            140,351.61
     Required Amount                                              140,351.61
     ------------------------------------------------------------------------
     Monthly Interest Paid                      201,182.30        201,182.30
     Investor Default Paid                      155,125.46        295,477.06
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,250,000.00
     Excess Finance Charge Collections                          2,667,981.53
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00

                                       8
------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          39,375,000.00    750,000,000.00
     Interest Distribution                      201,182.30      3,729,151.05
     Principal Distribution                           0.00              0.00
     Total Distribution                         201,182.30      3,729,151.05
     Ending Certificate Balance              39,375,000.00    750,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1094
     Certificate
     ------------------------------------------------------------------------
     Interest Distribution Per 1,000                5.1094
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                   (1,937.50) 

                                       9
Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                      7.56%
     Beginning Invested /Transferor         223,910,895.96    973,910,895.96
     Amount
     Adjusted Invested /Transferor          223,910,895.96    973,910,895.96
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               3,031,276.01     13,184,676.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   36,982,835.01    160,858,567.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   882,140.45      3,836,911.09
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 112,076.03        487,479.93
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     206,869,982.25    956,869,982.25
     ------------------------------------------------------------------------
     Group II Information                   Group Total
     Invested Amount                        750,000,000.00
     Average Rate                                 5.95926%
     Investor Finance Charge Collections     10,528,804.41
     Investor Principal Collections         123,875,732.52
     Investor Default Amount Due              2,954,770.63
     Investor Monthly Interest Due            3,729,151.05
     Investor Monthly Fees Due                1,250,000.00
     Investor Additional Amounts Due                  0.00
     ------------------------------------------------------------------------

     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15

                                       10
Monthly Trust Activity                    Trust
                                              Totals
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance        802,500,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------------------------

                                       11
Group:                              Group II
     Series:                             Series 1995-2
     Supplement Date:                    15-Nov-95
                                          
                                          
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1995-2

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services  Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A. as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1995-2  Supplement  dated  as  of  11/15/95  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1995-2 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1995-2  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.

 A)  Information regarding distribution in
     respect of the Class A Certificates
     per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $4.95833333 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $4.95833333 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                       C-1

                                       12
B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class A Certificates exceeds the class
     A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $5.08333333 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $5.08333333 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount                                          $0.00 

                                                     C-2

                                       13
(2)  The amount of reductions in
     the Class B Invested Amount set
     forth in paragraph 1 above, per $1,000
     original certificate principal amount.                           $0.00  
                                                                
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class B Certificates exceeds the Class
     B Invested Amount after giving effect
     to all transactions on such Distribution Date                    $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in respect
     of interest on the Collateral Invested Amount              $201,182.30 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                                     C-3

                                       14
RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:

Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 

Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 

Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 

Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 

DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 

                                                     C-4

                                       15
INVESTED AMOUNTS ---

Class A Initial Invested Amount              $675,000,000 
Class B Initial Invested Amount               $35,625,000 
Collateral Initial Invested Amount            $39,375,000 
INITIAL INVESTED AMOUNT                                        $750,000,000 

Class A Invested Amount                   $675,000,000.00 
Class B Invested Amount                    $35,625,000.00 
Collateral Invested Amount                 $39,375,000.00 
INVESTED AMOUNT                                                $750,000,000 

Class A Adjusted Invested Amount          $675,000,000.00 
Class B Adjusted Invested Amount           $35,625,000.00 
Collateral Invested Amount                 $39,375,000.00 
ADJUSTED INVESTED AMOUNT                                       $750,000,000 

MONTHLY SERVICING FEE                                         $1,250,000.00 

INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 

GROUP II INFORMATION

WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.95926%
IN GROUP II

GROUP II INVESTOR FINANCE CHARGE                             $10,528,804.41 
COLLECTIONS
GROUP II INVESTOR ADDITIONAL AMOUNTS                                  $0.00 
GROUP II INVESTOR DEFAULT AMOUNT                              $2,954,770.63 
GROUP II INVESTOR MONTHLY FEES                                $1,250,000.00 
GROUP II INVESTOR MONTHLY INTEREST                            $3,729,151.05 

SERIES 1995-2 INFORMATION
SERIES 1995-2 ALLOCATION PERCENTAGE                                    7.56%
SERIES 1995-2 ALLOCABLE FINANCE CHARGE                       $13,184,676.51 
COLLECTIONS
SERIES 1995-2 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1995-2 ALLOCABLE DEFAULTED AMOUNT                      $3,836,911.09 
SERIES 1995-2 MONTHLY FEES                                    $1,250,000.00 
SERIES 1995-2 ALLOCABLE PRINCIPAL                           $160,858,567.52 
COLLECTIONS
SERIES 1995-2 REQUIRED TRANSFEROR AMOUNT                     $52,500,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                                     C-5

                                       16
INVESTOR FINANCE CHARGE COLLECTIONS                          $10,153,400.51 
INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $10,528,804.41 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $123,875,732.52 

CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           90.00%

    Class A Floating Percentage of          $9,549,022.77 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                 $9,549,022.77 

   Class A Monthly Interest                 $3,346,875.00 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $2,659,293.57 
TOTAL CLASS A EXCESS SPREAD                                   $3,542,854.20 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---

CLASS B FLOATING PERCENTAGE                                            4.75%

CLASS B AVAILABLE FUNDS                                         $500,118.21 

   Class B Monthly Interest                   $181,093.75 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $319,024.46 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         5.25%

COLLATERAL AVAILABLE FUNDS                                      $552,762.23 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $552,762.23 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $4,414,640.89 

                                                     C-6

                                       17
Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Chargeoffs
 
Excess Spread Applied to Class B                                $140,351.61 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $201,182.30 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,250,000.00 
Servicing Fee
Excess Spread Applied Collateral                                $155,125.46 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $2,667,981.53 

EXCESS FINANCE CHARGES COLLECTIONS

TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS FOR ALL ALLOCATION SERIES

SERIES 1995-2 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1995-2

Excess Finance Charge Collections                                     $0.00 
Applied to Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied toClass A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied toReductions of Class B Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Default Amount

                                                     C-7

                                       18
Excess Finance Charge Collections                                     $0.00 
Applied to Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            7.97%                 1
Base Rate (Prior Month)                              7.97%                 1
Base Rate (Two Months Ago)                           7.96%                 1
THREE MONTH AVERAGE BASE RATE                                          7.97%

Series Adj Portfolio Yield (Curr Month)             12.24%                 1
Series Adj Portfolio Yield (Prior Month)            12.61%                 1
Series Adj Port Yield (Two Months Ago)              11.26%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.04%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          90.00%

   Class A Principal Collections          $111,488,159.26 

CLASS B PRINCIPAL PERCENTAGE                                           4.75%

   Class B Principal Collections            $5,884,097.29 

COLLATERAL PRINCIPAL PERCENTAGE                                        5.25%
   Collateral Principal Collections         $6,503,475.96 

AVAILABLE PRINCIPAL COLLECTIONS           $123,875,732.52 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1995-2 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                                     C-8

                                       19
ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $123,875,732.52 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED

     UNIVERSAL CARD SERVICES CORP.,
     as Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
           Title:  Servicing Officer

                                       20
Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1995-3

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         652,500,000.00     45,000,000.00
     Amount
     Adjusted Invested /Transferor          652,500,000.00     45,000,000.00
     Amount
     Floating Allocation Percentage            87.0000000%        6.0000000%
     Principal Allocation Percentage           87.0000000%        6.0000000%
     Finance Charge Collections               8,833,458.44        609,204.03
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  107,771,887.29      7,432,543.95
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 2,570,650.45        177,286.24
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 326,601.39         22,524.23
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     652,500,000.00     45,000,000.00

                                       21
------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.87750%          5.98750%
     Investor Monthly Interest Due            3,302,420.31        232,015.63
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              3,302,420.31        232,015.63
     Investor  Default Amount Due             2,570,650.45        177,286.24
     Investor Monthly Fees Due                1,087,500.00         75,000.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    6,960,570.76        484,301.86
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                          9,245,579.94        634,284.34
     Monthly Interest Paid                    3,302,420.31        232,015.63
     Investor Default Amount Paid             2,570,650.45              0.00
     Excess Spread                            3,372,509.18        402,268.71
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        177,286.24
     Required Amount                                  0.00        177,286.24
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        177,286.24
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00

                                       22
------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         652,500,000.00     45,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             652,500,000.00     45,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Accounts Deposit        3,302,420.31        232,015.63
     2nd Collection Accounts Deposit          3,302,420.31        232,015.63
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          6,604,840.62        464,031.26

     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       23
------------------------------------------------------------------------
     Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          52,500,000.00    750,000,000.00
     Amount
     Adjusted Invested /Transferor           52,500,000.00    750,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 710,738.04     10,153,400.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                    8,671,301.28    123,875,732.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   206,833.94      2,954,770.63
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  26,278.27        375,403.90
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                          (0.00)
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      52,500,000.00    750,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00

                                       24
------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              5.99063%  
     Investor Monthly Interest Due              270,826.40      3,805,262.34
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                270,826.40      3,805,262.34
     Investor  Default Amount Due               206,833.94      2,954,770.63
     Investor Monthly Fees Due                   87,500.00      1,250,000.00
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      565,160.34      8,010,032.97
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              10,571,405.61
     Charge Collections
     Interest/Principal/Spread                                     48,457.06
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.26%
     Base Rate                                                         8.09%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            739,998.39     10,619,862.67
     Monthly Interest Paid                            0.00      3,534,435.94
     Investor Default Amount Paid                     0.00      2,570,650.45
     Excess Spread                              739,998.39      4,514,776.28
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            177,286.24
     Required Amount                                              177,286.24
     ------------------------------------------------------------------------
     Monthly Interest Paid                      270,826.40        270,826.40
     Investor Default Paid                      206,833.94        384,120.18
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,250,000.00
     Excess Finance Charge Collections                          2,609,829.70
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                          (0.00)
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00
     ------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          52,500,000.00    750,000,000.00
     Interest Distribution                      270,826.40        270,826.40
     Principal Distribution                           0.00              0.00
     Total Distribution                         270,826.40        270,826.40
     Ending Certificate Balance              52,500,000.00    750,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1586
     Certificate
     Interest Distribution Per 1,000                5.1586
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Accounts Deposit                          3,534,435.94
     2nd Collection Accounts Deposit                            3,534,435.94
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            7,068,871.88

     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                         0.00 

                                       25
------------------------------------------------------------------------
     Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                      7.56%
     Beginning Invested /Transferor         223,910,895.96    973,910,895.96
     Amount
     Adjusted Invested /Transferor          223,910,895.96    973,910,895.96
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               3,031,276.01     13,184,676.51
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   36,982,835.01    160,858,567.52
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   882,140.45      3,836,911.09
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 112,076.03        487,479.93
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     206,869,982.25    956,869,982.25
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15

                                       26
------------------------------------------------------
     Monthly Trust Activity                    Trust
                                              Totals
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor       
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance        802,500,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------

                                       27
Group:                              Group 1
     Series:                             Series 1995-3
     Supplement Date:                    15-Nov-95
                                          
                                          
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1995-3

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services  Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A. as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1995-3  Supplement  dated  as  of  11/15/95  (the
"Supplement")  among UCS,  and the  Trustee,  as Servicer is required to prepare
certain  information  each month regarding  current  distributions to the Series
1995-3 Certificateholders and the performance of the Universal Card Master Trust
(the "Trust") during the previous month. The information which is required to be
prepared with respect to the  Distribution  Date of 09/17/98 with respect to the
performance  of the Trust  during the month of 08/01/98 to 08/31/98 is set forth
below.  Certain of the  information  is  presented  on the basis of an  original
principal  amount of $1,000 per Series  1995-3  Certificate  (a  "Certificate").
Certain other  information is presented  based on the aggregate  amounts for the
Trust as a whole.  Capitalized  terms used in this Monthly  Statement have their
respective  meanings set forth in the Pooling and  Servicing  Agreement  and the
Supplement.

 A)  Information regarding distribution
     in respect of the Class A Certificates
     per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                 C-1                                      

                                       28
B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor Charge Offs                       $0.00 
(2)  The amount of Class A Investors Charge Offs
     set forth in paragraph 1 above, per $1,000 
     original certificate principal amount                            $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the Class A
     Certificates exceeds the Class A Invested Amount
     after giving effect to all transactions on such
     Distribution Date                                                $0.00 

 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Class B Invested Amount                            $0.00 

                                                           C-2

                                       29
(2)  The amount of reductions in the Class B 
     Invested Amount set forth in paragraph 1 above,
      per $1,000 original certificate principal amount                $0.00 
(3)  The total amount reimbursed in 
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of  the
     Class B Certificates exceeds the Class
     B Invested Amount after giving effect
     to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in respect
     of interest on the Collateral Invested Amount              $270,826.40 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount
     pursuant to clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                        ($0.00)
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

                                       C-3

                                       30
RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:

Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 

Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 

Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 

Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 

DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 

                                       C-4

                                       31
INVESTED AMOUNTS ---

Class A Initial Invested Amount              $652,500,000 
Class B Initial Invested Amount               $45,000,000 
Collateral Initial Invested Amount            $52,500,000 
INITIAL INVESTED AMOUNT                                        $750,000,000 

Class A Invested Amount                   $652,500,000.00 
Class B Invested Amount                    $45,000,000.00 
Collateral Invested Amount                 $52,500,000.00 
INVESTED AMOUNT                                                $750,000,000 

Class A Adjusted Invested Amount          $652,500,000.00 
Class B Adjusted Invested Amount           $45,000,000.00 
Collateral Invested Amount                 $52,500,000.00 
ADJUSTED INVESTED AMOUNT                                       $750,000,000 

MONTHLY SERVICING FEE                                         $1,250,000.00 

INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 

GROUP 1 INFORMATION

WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 

SERIES 1995-3  INFORMATION
SERIES 1995-3  ALLOCATION PERCENTAGE                                   7.56%
SERIES 1995-3  ALLOCABLE FINANCE CHARGE                      $13,184,676.51 
COLLECTIONS
SERIES 1995-3  ADDITIONAL AMOUNTS                                     $0.00 
SERIES 1995-3  ALLOCABLE DEFAULTED                            $3,836,911.09 
AMOUNT
SERIES 1995-3  MONTHLY FEES                                   $1,250,000.00 
SERIES 1995-3  ALLOCABLE PRINCIPAL                          $160,858,567.52 
COLLECTIONS
SERIES 1995-3  REQUIRED TRANSFEROR                           $52,500,000.00 
AMOUNT
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                       C-5

                                       32
INVESTOR FINANCE CHARGE COLLECTIONS                          $10,153,400.51 
INVESTOR DEFAULT AMOUNT                                       $2,954,770.63 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $10,571,405.61 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $123,875,732.52 

CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           87.00%

    Class A Floating Percentage of          $9,245,579.94 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                 $9,245,579.94 

   Class A Monthly Interest                 $3,302,420.31 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $2,570,650.45 
TOTAL CLASS A EXCESS SPREAD                                   $3,372,509.18 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            6.00%

CLASS B AVAILABLE FUNDS                                         $634,284.34 

   Class B Monthly Interest                   $232,015.63 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $402,268.71 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $739,998.39 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $739,998.39 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $4,514,776.28 

                                       C-6

                                       33
Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $177,286.24 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $270,826.40 
Monthly Interest
Excess Spread Applied to Unpaid Monthly                       $1,250,000.00 
Servicing Fee
Excess Spread Applied Collateral                                $206,833.94 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses (c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $2,609,829.70 

EXCESS FINANCE CHARGES COLLECTIONS

TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
FOR ALL ALLOCATION SERIES

SERIES 1995-3  EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1995-3

Excess Finance Charge Collections                                     $0.00 
Applied to Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to Reductions of Class B Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to Collateral Default Amount

                                       C-7

                                       34
Excess Finance Charge Collections                                     $0.00 
Applied to Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.09%                 1
Base Rate (Prior Month)                              8.09%                 1
Base Rate (Two Months Ago)                           7.89%                 1
THREE MONTH AVERAGE BASE RATE                                          8.02%

Series Adj Portfolio Yield (Curr Month)             12.26%                 1
Series Adj Portfolio Yield (Prior Month)            12.73%                 1
Series Adj Port Yield (Two Months Ago)              11.33%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.11%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          87.00%

   Class A Principal Collections          $107,771,887.29 

CLASS B PRINCIPAL PERCENTAGE                                           6.00%

   Class B Principal Collections            $7,432,543.95 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections         $8,671,301.28 

AVAILABLE PRINCIPAL COLLECTIONS           $123,875,732.52 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1995-3  PRINCIPAL SHORTFALL                                    $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                       C-8

                                       35
ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $123,875,732.52 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                      ($0.00)
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED

     UNIVERSAL CARD SERVICES CORP.,
     as Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       36
Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1996-1

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00

                                       37
------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.81250%          5.94750%
     Investor Monthly Interest Due            4,254,427.08        409,716.67
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,254,427.08        409,716.67
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    9,019,833.80        858,225.53
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                         12,004,341.39      1,123,741.60
     Monthly Interest Paid                    4,254,427.08        409,716.67
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,401,174.26        714,024.93
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00

                                       38
------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,254,427.08        409,716.67
     2nd Collection Accounts Deposit          4,254,427.08        409,716.67
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          8,508,854.16        819,433.34

     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       39
Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00

                                       40
------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              5.99063%  
     Investor Monthly Interest Due              361,101.86      5,025,245.61
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                361,101.86      5,025,245.61
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      753,547.12     10,631,606.46
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              14,046,769.99
     Charge Collections
     Interest/Principal/Spread                                     64,586.90
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.21%
     Base Rate                                                         8.03%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            983,273.90     14,111,356.89
     Monthly Interest Paid                            0.00      4,664,143.75
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              983,273.90      6,098,473.09
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                      361,101.86        361,101.86
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,479,750.43
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00

                                       41
------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      361,101.86        361,101.86
     Principal Distribution                           0.00              0.00
     Total Distribution                         361,101.86        361,101.86
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1586
     Certificate
     Interest Distribution Per 1,000                5.1586
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,664,143.75
     2nd Collection Accounts Deposit                            4,664,143.75
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            9,328,287.50

     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                         0.00 

                                       42
Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15
      
     31+Days Delinquency Rate

                                       43
Monthly Trust Activity                    Trust
                                              Totals
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------

                                       44
Group:                              Group 1
     Series:                             Series 1996-1
     Supplement Date:                    30-Apr-96
                                                            
MONTHLY STATEMENT
UNIVERSAL CARD MASTER TRUST
SERIES 1996-1

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A., as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1996-1  Supplement  dated  as  of  04/30/96  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1996-1 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1996-1  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.

 A)  Information regarding distribution
     in respect of the Class A Certificates
     per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                       C-1

                                       45
B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of  the
     Class A Certificates exceeds the  Class
     A Invested Amount after giving effect
     to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding
     distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of
     Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount                                          $0.00 

                                       C-2

                                       46
(2)  The amount of reductions in
     the Class B Invested Amount set forth
     in paragraph 1 above, per $1,000
     original certificate principal amount                             $0.00 
     
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class B Certificates exceeds the  Class
     B Invested Amount after giving effect
     to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in respect
     of interest on the Collateral Invested Amount              $361,101.86 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       C-3

                                       47
RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:

Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 

Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 

Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 

Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 

DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 

                                       C-4

                                       48
INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 

Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 

MONTHLY SERVICING FEE                                         $1,666,666.67 

INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 

GROUP 1 INFORMATION

WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 

SERIES 1996-1 INFORMATION
SERIES 1996-1 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1996-1 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1996-1 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1996-1 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1996-1 MONTHLY FEES                                    $1,666,666.67 
SERIES 1996-1 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1996-1 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                       C-5

                                       49
INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,046,769.99 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 

CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,004,341.39 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,004,341.39 

   Class A Monthly Interest                 $4,254,427.08 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,401,174.26 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,123,741.60 

   Class B Monthly Interest                   $409,716.67 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $714,024.93 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $983,273.90 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $983,273.90 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,098,473.09 

                                       C-6

                                       50
Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                            $361,101.86 
Monthly Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses (c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,479,750.43 

EXCESS FINANCE CHARGES COLLECTIONS

TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
FOR ALL ALLOCATION SERIES

SERIES 1996-1 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1996-1

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount

                                       C-7

                                       51
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.03%                 1
Base Rate (Prior Month)                              8.03%                 1
Base Rate (Two Months Ago)                           7.84%                 1
THREE MONTH AVERAGE BASE RATE                                          7.97%

Series Adj Portfolio Yield (Curr Month)             12.21%                 1
Series Adj Portfolio Yield (Prior Month)            12.67%                 1
Series Adj Port Yield (Two Months Ago)              11.28%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.05%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1996-1 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                       C-8

                                       52
ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED

UNIVERSAL CARD SERVICES CORP.,
as Servicer

By _/s/Tom Donahue______
     Name:   Thomas Donahue
     Title:  Servicing Officer

                                       53
Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1996-2

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00

                                       54
------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.75750%          5.89750%
     Investor Monthly Interest Due            4,214,170.14        406,272.22
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,214,170.14        406,272.22
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    8,979,576.86        854,781.09
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                         12,005,526.60      1,120,348.82
     Monthly Interest Paid                    4,214,170.14        406,272.22
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,442,616.41        714,076.60
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00

                                       55
------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,214,170.14        406,272.22
     2nd Collection Accounts Deposit          4,214,170.14        406,272.22
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          8,428,340.28        812,544.44

     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       56
Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00

                                       57
------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              6.01206%  
     Investor Monthly Interest Due              362,393.53      4,982,835.89
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                362,393.53      4,982,835.89
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      754,838.79     10,589,196.74
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              14,004,360.26
     Charge Collections
     Interest/Principal/Spread                                    101,820.38
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.20%
     Base Rate                                                         7.98%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            980,305.22     14,106,180.64
     Monthly Interest Paid                            0.00      4,620,442.36
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              980,305.22      6,136,998.23
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                      362,393.53        362,393.53
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,516,983.91
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00

                                       58
------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      362,393.53        362,393.53
     Principal Distribution                           0.00              0.00
     Total Distribution                         362,393.53        362,393.53
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.1771
     Certificate
     Interest Distribution Per 1,000                5.1771
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,620,442.36
     2nd Collection Accounts Deposit                            4,620,442.36
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            9,240,884.72

     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                   (1,722.22) CIA Investor
                                                           Interest Reduced
                                                           Margin

                                       59
Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------

     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15
      

                                       60
Monthly Trust Activity                    Trust
                                              Totals
     ------------------------------------------------------
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor       
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------

                                       61
Group:                              Group 1
     Series:                             Series 1996-2
     Supplement Date:                    17-Sep-96
                                                            
                                                            
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1996-2

     Pursuant to the Pooling and
Servicing Agreement dated
as of August 1, 1995 (hereinafter as such agreement may
have been
or may be from time to time, amended or
otherwise modified, the
"Pooling and Servicing Agreement"),
among Universal Card
Services Corp. ("UCS") as Servicer,
Universal Bank, N.A.,
as Transferor, and Bankers Trust
Company, as trustee
(the 'Trustee'), as supplemented by the Series 1996-2
Supplement
dated as of 6/30/96 (the "Supplement") among UCS,
Universal Bank, N.A.
and the Trustee, as Servicer is
required to prepare certain
information each month regarding
current distributions to the
Series 1996-2 Certificateholders and
the performance of the
Universal Card Master Trust (the
"Trust") during the previous
month.  The information which is
required to be prepared with
respect to the Distribution Date of
09/17/98 with respect
to the performance of the Trust during the month of
08/01/98 to 08/31/98
is set forth below.  Certain of the
information is presented on the
basis of an original principal amount
of $1,000 per Series 1996-2
Certificate (a "Certificate").  Certain
other information is
presented based on the aggregate
amounts for the Trust as a
whole.  Capitalized terms used in this
Monthly Statement have
their respective meanings set forth in
the Pooling and Servicing
Agreement and the Supplement.

 A)  Information regarding distribution
     in respect of the Class A
     Certificates per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                       C-1

                                       62
B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph
     1 above, per $1,000 original
     certificate principal amount                                     $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class A Certificates exceeds the Class
     A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of  Class B Invested Amount                           $0.00 

                                       C-2

                                       63
(2)  The amount of reductions in
     the Class B Invested Amount set  forth
     in paragraph 1 above, per $1,000
     original certificate principal amount                            $0.00 
     
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of the
     Class B Certificates exceeds the
     Class B Invested Amount after giving effect
     to all transactions on such Distribution Date                    $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in
     respect of interest on the Collateral
     Invested Amount                                            $362,393.53 
(2)  The amount distributed to the
     Collateral Interest Holder in respect
     of principal on the Collateral  Invested Amount                 $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       C-3

                                       64
RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:

Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 

Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 

Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 

Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 

DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 

                                       C-4

                                       65
INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 

Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 

MONTHLY SERVICING FEE                                         $1,666,666.67 

INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 

GROUP 1 INFORMATION

WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 

SERIES 1996-2 INFORMATION
SERIES 1996-2 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1996-2 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1996-2 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1996-2 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1996-2 MONTHLY FEES                                    $1,666,666.67 
SERIES 1996-2 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1996-2 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                       C-5

                                       66
INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,004,360.26 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 

CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,005,526.60 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,005,526.60 

   Class A Monthly Interest                 $4,214,170.14 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,442,616.41 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,120,348.82 

   Class B Monthly Interest                   $406,272.22 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $714,076.60 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $980,305.22 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $980,305.22 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,136,998.23 

                                       C-6

                                       67
Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $362,393.53 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to
Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,516,983.91 

EXCESS FINANCE CHARGES COLLECTIONS

 TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
 FOR ALL ALLOCATION SERIES

SERIES 1996-2 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1996-2

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount

                                       C-7

                                       68
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            7.98%                 1
Base Rate (Prior Month)                              7.98%                 1
Base Rate (Two Months Ago)                           7.79%                 1
THREE MONTH AVERAGE BASE RATE                                          7.92%

Series Adj Portfolio Yield (Curr Month)             12.20%                 1
Series Adj Portfolio Yield (Prior Month)            12.67%                 1
Series Adj Port Yield (Two Months Ago)              11.25%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.04%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1996-2 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                       C-8

                                       69
ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED

UNIVERSAL CARD SERVICES CORP.,
as Servicer

By _/s/Tom Donahue______
     Name:   Thomas Donahue
     Title:  Servicing Officer

                                       70
Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1996-3

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98
     ------------------------------------------------------------------------

     Monthly Trust Activity                   Class A           Class B
                                          
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00

                                       71
------------------------------------------------------------------------
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.78750%          5.98750%
     Investor Monthly Interest Due            4,236,128.47        412,472.22
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,236,128.47        412,472.22
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    9,001,535.19        860,981.09
     ------------------------------------------------------------------------
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     ------------------------------------------------------------------------
     Application of Collections               Class A           Class B
     Available Funds                         12,015,300.33      1,122,739.27
     Monthly Interest Paid                    4,236,128.47        412,472.22
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,430,431.81        710,267.04
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     ------------------------------------------------------------------------
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00

                                       72
------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     ------------------------------------------------------------------------
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                   12,571,736.11      1,224,111.11
     Principal Distribution                           0.00              0.00
     Total Distribution                      12,571,736.11      1,224,111.11
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                  14.7903           15.3014
     Certificate
     Interest Distribution Per 1,000               14.7903           15.3014
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,099,479.17        399,166.67
     2nd Collection Accounts Deposit          4,236,128.47        412,472.22
     3rd Collection Accounts Deposit          4,236,128.47        412,472.22
     Quarterly Interest Distribution         12,571,736.11      1,224,111.11

     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       73
Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00

                                       74
------------------------------------------------------------------------
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              6.04063%  
     Investor Monthly Interest Due              364,115.75      5,012,716.45
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                364,115.75      5,012,716.45
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      756,561.01     10,619,077.29
     ------------------------------------------------------------------------
     Reallocated Investor Finance                              14,034,240.82
     Charge Collections
     Interest/Principal/Spread                                     86,195.64
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.22%
     Base Rate                                                         8.02%
     ------------------------------------------------------------------------
     Application of Collections            CIA Investor          Total
     Available Funds                            982,396.86     14,120,436.46
     Monthly Interest Paid                            0.00      4,648,600.69
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              982,396.86      6,123,095.71
     ------------------------------------------------------------------------
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     ------------------------------------------------------------------------
     Monthly Interest Paid                      364,115.75        364,115.75
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,501,359.17
     ------------------------------------------------------------------------
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     ------------------------------------------------------------------------
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     ------------------------------------------------------------------------
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00
     ------------------------------------------------------------------------
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      364,115.75     14,159,962.98
     Principal Distribution                           0.00              0.00
     Total Distribution                         364,115.75     14,159,962.98
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.2017
     Certificate
     Interest Distribution Per 1,000                5.2017
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,498,645.84
     2nd Collection Accounts Deposit                            4,648,600.69
     3rd Collection Accounts Deposit                            4,648,600.69
     Quarterly Interest Distribution                           13,795,847.22

     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                         0.00 CIA Investor
                                                           Interest Reduced
                                                           Margin

    

                                       75
Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     ------------------------------------------------------------------------
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     ------------------------------------------------------------------------
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15
      

                                       76
Monthly Trust Activity                    Trust
                                              Totals
     ------------------------------------------------------
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04
     ------------------------------------

                                       77
Group:                              Group 1
     Series:                             Series 1996-3
     Supplement Date:                    17-Sep-96
                                                            
                                                            
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1996-3

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A., as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1996-3   Supplement  dated  as  of  9/17/96  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1996-3 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1996-3  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.
 A)  Information regarding distribution
     in respect of the Class A
     Certificates per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                              $14.79027778 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                              $14.79027778 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                       C-1

                                       78
B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate       
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class A Certificates exceeds the
     Class A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding
     distributions in
     respect of the Class B
     Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                              $15.30138890 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                              $15.30138890 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of
     Class B Invested Amount                                          $0.00 

                                       C-2

                                       79
(2)  The amount of reductions in
     the Class B Invested Amount set
     forth in paragraph 1 above, per $1,000
     original certificate principal amount                            $0.00 
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class B Certificates exceeds the
     Class B Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in
     respect of interest on the Collateral
     Invested Amount                                            $364,115.75
     the amount distributed to the
     Collateral Interest Holder in
     respect of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Collateral Invested
     Amount                                                           $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       C-3

                                       80
RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:

Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 

Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 

Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 

Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 

DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 

                                                     C-4

                                       81
INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 

Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 

MONTHLY SERVICING FEE                                         $1,666,666.67 

INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 

GROUP 1 INFORMATION

WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 

SERIES 1996-3 INFORMATION
SERIES 1996-3 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1996-3 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1996-3 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1996-3 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1996-3 MONTHLY FEES                                    $1,666,666.67 
SERIES 1996-3 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1996-3 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                                     C-5

                                       82
INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,034,240.82 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 

CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,015,300.33 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,015,300.33 

   Class A Monthly Interest                 $4,236,128.47 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,430,431.81 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,122,739.27 

   Class B Monthly Interest                   $412,472.22 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $710,267.04 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $982,396.86 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $982,396.86 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,123,095.71 

                                                     C-6

                                       83
Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $364,115.75 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to
Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,501,359.17 

EXCESS FINANCE CHARGES COLLECTIONS

 TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
 FOR ALL ALLOCATION SERIES

SERIES 1996-3 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1996-3

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount

                                                     C-7

                                       84
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.02%                 1
Base Rate (Prior Month)                              8.02%                 1
Base Rate (Two Months Ago)                           7.82%                 1
THREE MONTH AVERAGE BASE RATE                                          7.95%

Series Adj Portfolio Yield (Curr Month)             12.22%                 1
Series Adj Portfolio Yield (Prior Month)            12.61%                 1
Series Adj Port Yield (Two Months Ago)              11.31%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.05%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1996-3 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                                     C-8

                                       85
ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED

     UNIVERSAL CARD SERVICES CORP.,
     as Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                       86
Universal Bank, N.A.
     Credit Card Asset Backed Securities

     Universal Card  Master Trust
     Series 1997-1

     Monthly Report                              31-Aug-98
     Distribution Date                           17-Sep-98

     Monthly Trust Activity                   Class A           Class B
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor         850,000,000.00     80,000,000.00
     Amount
     Adjusted Invested /Transferor          850,000,000.00     80,000,000.00
     Amount
     Floating Allocation Percentage            85.0000000%        8.0000000%
     Principal Allocation Percentage           85.0000000%        8.0000000%
     Finance Charge Collections              11,507,187.24      1,083,029.39
     Total Yield
     Trust Portfolio Yield                                  
     Principal Collections                  140,392,496.85     13,213,411.47
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 3,348,740.05        315,175.53
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 425,457.75         40,043.08
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

                                       87
Reallocated Principal                                              0.00
     Charged-Off Principal                            0.00              0.00
     Reimbursed Principal                             0.00              0.00
     Ending Invested/Transferor Amounts     850,000,000.00     80,000,000.00
     Group I Information                   Series 1995-3     Series 1996-1
     Invested Amount                        750,000,000.00  1,000,000,000.00
     Average Rate                                 5.89202%          5.83577%
     Investor Finance Charge Collections     10,528,804.41     14,038,405.88
     Investor Principal Collections         123,875,732.52    165,167,643.36
     Investor Default Amount Due              2,954,770.63      3,939,694.18
     Investor Monthly Interest Due            3,805,262.34      5,025,245.61
     Investor Monthly Fees Due                1,250,000.00      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     Monthly Funding Requirements             Class A           Class B
     Investor Coupon                              5.77750%          5.96750%
     Investor Monthly Interest Due            4,228,809.03        411,094.44
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due              4,228,809.03        411,094.44
     Investor  Default Amount Due             3,348,740.05        315,175.53
     Investor Monthly Fees Due                1,416,666.67        133,333.33
     Investor Additional Fees Due                    0.00              0.00 
     Total                                    8,994,215.75        859,603.31
     Reallocated Investor Finance
     Charge Collections
     Interest/Principal/Spread Investment                   
     Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield
     Base Rate
     Application of Collections               Class A           Class B
     Available Funds                         12,091,332.47      1,122,052.10
     Monthly Interest Paid                    4,228,809.03        411,094.44
     Investor Default Amount Paid             3,348,740.05              0.00
     Excess Spread                            4,513,783.39        710,957.65
     Monthly Interest Shortfall                       0.00              0.00
     Investor Default Amount Shortfall                0.00        315,175.53
     Required Amount                                  0.00        315,175.53
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00        315,175.53
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                     
     Excess Finance Charge Collections
     Reallocated Principal                                              0.00
     Monthly Interest Paid                            0.00              0.00
     Investor Default Paid                            0.00              0.00
     Outstanding Monthly Interest                     0.00              0.00
     Principal Charge-Offs                            0.00              0.00
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit    
     Principal Funding Account Balance    
     Certificates                             Class A           Class B
     Beginning Certificates Balance         850,000,000.00     80,000,000.00
     Interest Distribution                            0.00              0.00
     Principal Distribution                           0.00              0.00
     Total Distribution                               0.00              0.00
     Ending Certificate Balance             850,000,000.00     80,000,000.00
     Pool Factor                               100.000000%       100.000000%
     Total Distribution Per 1,000                   0.0000            0.0000
     Certificate
     Interest Distribution Per 1,000                0.0000            0.0000
     Certificate
     Principal Distribution Per 1,000               0.0000            0.0000
     Certificate

     1st   Collection Account Deposit         4,228,809.03        411,094.44
     2nd Collection Accounts Deposit                  0.00              0.00
     3rd Collection Accounts Deposit                  0.00              0.00
     Quarterly Interest Distribution          4,228,809.03        411,094.44

     Delinquencies                             1-30              31-60

     Number of Accounts                            232,600            57,341
     Balance of Accounts                       542,673,405       147,443,538
      
     31+Days Delinquency Rate                                        3.1151%

     Change in Account Owner Retained                                0.0000%
     Interest

     Prior Month Account Owner Retained                              0.0000%
     Interest Factor
     Current Month Account Owner                                     0.0000%
     Retained Interest Factor

                                       88
Monthly Trust Activity                CIA Investor        Investor
                                                               Interest
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage
     Beginning Invested /Transferor          70,000,000.00  1,000,000,000.00
     Amount
     Adjusted Invested /Transferor           70,000,000.00  1,000,000,000.00
     Amount
     Floating Allocation Percentage             7.0000000%       77.0090984%
     Principal Allocation Percentage            7.0000000%       77.0090984%
     Finance Charge Collections                 947,650.71     13,537,867.34
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   11,561,735.03    165,167,643.36
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                   275,778.59      3,939,694.18
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                  35,037.70        500,538.53
     Adjustments                                            
     New Receivables
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal                            0.00
     Charged-Off Principal                            0.00
     Reimbursed Principal                             0.00  
     Ending Invested/Transferor Amounts      70,000,000.00  1,000,000,000.00
     Group I Information                   Series 1996-2     Series 1996-3
     Invested Amount                      1,000,000,000.00  1,000,000,000.00
     Average Rate                                 5.78852%          5.82122%
     Investor Finance Charge Collections     14,038,405.88     14,038,405.88
     Investor Principal Collections         165,167,643.36    165,167,643.36
     Investor Default Amount Due              3,939,694.18      3,939,694.18
     Investor Monthly Interest Due            4,982,835.89      5,012,716.45
     Investor Monthly Fees Due                1,666,666.67      1,666,666.67
     Investor Additional Amounts Due                  0.00              0.00
     Monthly Funding Requirements          CIA Investor          Total
     Investor Coupon                              6.04242%  
     Investor Monthly Interest Due              364,223.39      5,004,126.86
     Investor Outstanding Interest Due                0.00              0.00
     Investor Additional Interest Due                0.00              0.00 
     Investor Total Interest Due                364,223.39      5,004,126.86
     Investor  Default Amount Due               275,778.59      3,939,694.18
     Investor Monthly Fees Due                  116,666.67      1,666,666.67
     Investor Additional Fees Due                    0.00              0.00 
     Total                                      756,668.65     10,610,487.71
     Reallocated Investor Finance                              14,025,651.24
     Charge Collections
     Interest/Principal/Spread                                    169,528.92
     Investment Proceeds/Reserve Draw
     Series Adjusted Portfolio Yield                                  12.31%
     Base Rate                                                         8.00%
     Application of Collections            CIA Investor          Total
     Available Funds                            981,795.59     14,195,180.15
     Monthly Interest Paid                            0.00      4,639,903.47
     Investor Default Amount Paid                     0.00      3,348,740.05
     Excess Spread                              981,795.59      6,206,536.63
     Monthly Interest Shortfall                                         0.00
     Investor Default Amount Shortfall                            315,175.53
     Required Amount                                              315,175.53
     Monthly Interest Paid                      364,223.39        364,223.39
     Investor Default Paid                      275,778.59        590,954.13
     Investor Additional Amounts Paid                 0.00              0.00
     Servicing Fee Paid                                         1,666,666.67
     Excess Finance Charge Collections                          3,584,692.45
     Reallocated Principal                            0.00              0.00
     Monthly Interest Paid                                  
     Investor Default Paid                                              0.00
     Outstanding Monthly Interest                     0.00
     Principal Charge-Offs                            0.00
     Principal Funding
     Controlled Accumulation Amount                   0.00              0.00
     Principal Funding Account Deposit                                  0.00
     Principal Funding Account Balance                                  0.00
     Certificates                          CIA Investor          Total
     Beginning Certificates Balance          70,000,000.00  1,000,000,000.00
     Interest Distribution                      364,223.39        364,223.39
     Principal Distribution                           0.00              0.00
     Total Distribution                         364,223.39        364,223.39
     Ending Certificate Balance              70,000,000.00  1,000,000,000.00
     Pool Factor                               100.000000%
     Total Distribution Per 1,000                   5.2032
     Certificate
     Interest Distribution Per 1,000                5.2032
     Certificate
     Principal Distribution Per 1,000               0.0000
     Certificate

     1st   Collection Account Deposit                           4,639,903.47
     2nd Collection Accounts Deposit                                    0.00
     3rd Collection Accounts Deposit                                    0.00
     Quarterly Interest Distribution                            4,639,903.47

     Delinquencies                             61-90            91-120

     Number of Accounts                             30,044            22,170
     Balance of Accounts                        87,914,480        67,781,738
                                          
     31+Days Delinquency Rate                   (2,906.25) CIA Investor
                                                           Interest Reduced
                                                           Margin

                                       89
Monthly Trust Activity                 Transferor          Series
                                             Interest         Allocations
     ------------------------------------------------------------------------
     Beginning Principal  Receivables
     Balance
     Special Funding Account Balance
     Ending Total Principal Balance
     Series Allocation Percentage                                     10.08%
     Beginning Invested /Transferor         298,547,861.28  1,298,547,861.28
     Amount
     Adjusted Invested /Transferor          298,547,861.28  1,298,547,861.28
     Amount
     Floating Allocation Percentage            22.9909016%      100.0000000%
     Principal Allocation Percentage           22.9909016%      100.0000000%
     Finance Charge Collections               4,041,701.34     17,579,568.69
     Total Yield
     Trust Portfolio Yield
     Principal Collections                   49,310,446.68    214,478,090.03
     Discount Percentage
     Discount Option Receivable                       0.00              0.00
     Collections
     Monthly Payment Rate                                   
     Defaults                                 1,176,187.27      5,115,881.45
     Monthly Default Rate
     Net Monthly Default Rate
     Recoveries                                 149,434.71        649,973.24
     Adjustments                                            
     New Receivables                      
     Ending Principal  Receivables
     Balance
     Minimum Series Required Balance
     Special Funding Account Balance
     Ending Total Principal Balance

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts     275,826,643.00  1,275,826,643.00
     Group I Information                   Series 1997-1      Group Total
     Invested Amount                      1,000,000,000.00  4,750,000,000.00
     Average Rate                                 5.81462%          5.81503%
     Investor Finance Charge Collections     14,038,405.88     66,682,427.92
     Investor Principal Collections         165,167,643.36    784,546,305.94
     Investor Default Amount Due              3,939,694.18     18,713,547.34
     Investor Monthly Interest Due            5,004,126.86     23,830,187.15
     Investor Monthly Fees Due                1,666,666.67      7,916,666.67
     Investor Additional Amounts Due                  0.00              0.00
     Delinquencies                             121+              Total

     Number of Accounts                             28,606           370,761
     Balance of Accounts                        97,999,940    943,813,100.15

                                       90
Monthly Trust Activity                    Trust
                                              Totals
     ------------------------------------------------------
     Beginning Principal  Receivables    12,877,266,291.05
     Balance
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,877,266,291.05
     Series Allocation Percentage
     Beginning Invested /Transferor
     Amount
     Adjusted Invested /Transferor        
     Amount
     Floating Allocation Percentage       
     Principal Allocation Percentage      
     Finance Charge Collections             174,330,722.80
     Total Yield                                    16.25%
     Trust Portfolio Yield                          12.12%
     Principal Collections                2,126,907,726.15
     Discount Percentage                             0.00%
     Discount Option Receivable                       0.00
     Collections
     Monthly Payment Rate                           16.52%
     Defaults                                50,732,491.03
     Monthly Default Rate                            4.73%
     Net Monthly Default Rate                        4.13%
     Recoveries                               6,445,567.99
     Adjustments                            (1,056,874.15)
     New Receivables                      1,951,264,595.02
     Ending Principal  Receivables       12,651,947,543.04
     Balance
     Minimum Series Required Balance      1,070,000,000.00
     Special Funding Account Balance                  0.00
     Ending Total Principal Balance      12,651,947,543.04

     Reallocated Principal
     Charged-Off Principal
     Reimbursed Principal
     Ending Invested/Transferor Amounts  12,651,947,543.04

                                       91
Group:                              Group 1
     Series:                             Series 1997-1
     Supplement Date:                    14-May-97
                                                            
                                                            
     MONTHLY STATEMENT
     UNIVERSAL CARD MASTER TRUST
     SERIES 1997-1

     Pursuant to the Pooling and Servicing  Agreement dated as of August 1, 1995
(hereinafter  as such  agreement  may  have  been or may be from  time to  time,
amended or otherwise  modified,  the "Pooling and Servicing  Agreement"),  among
Universal  Card Services Corp.  ("UCS") as Servicer,  Universal  Bank,  N.A., as
Transferor,   and  Bankers  Trust  Company,  as  trustee  (the  'Trustee'),   as
supplemented  by  the  Series  1997-1   Supplement  dated  as  of  5/14/97  (the
"Supplement")  among UCS,  Universal Bank, N.A. and the Trustee,  as Servicer is
required  to  prepare  certain   information   each  month   regarding   current
distributions to the Series 1997-1 Certificateholders and the performance of the
Universal  Card  Master  Trust (the  "Trust")  during the  previous  month.  The
information  which is required to be prepared  with respect to the  Distribution
Date of 09/17/98 with respect to the  performance  of the Trust during the month
of  08/01/98  to  08/31/98 is set forth  below.  Certain of the  information  is
presented  on the basis of an  original  principal  amount of $1,000  per Series
1997-1  Certificate (a  "Certificate").  Certain other  information is presented
based on the aggregate amounts for the Trust as a whole.  Capitalized terms used
in this  Monthly  Statement  have  their  respective  meanings  set forth in the
Pooling and Servicing Agreement and the Supplement.

 A)  Information regarding distribution
     in respect of the Class A
     Certificates per $1,000 original certificate
     principal amount.

(1)  The total amount of the
     distribution in respect of Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class A
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 

                                                     C-1

                                       92
B)  Class A Investor Charge Offs and
     Reimbursement of Charge Offs
(1)  The amount of Class A Investor
     Charge Offs                                                      $0.00 
(2)  The amount of Class A Investors
     Charge Offs set forth in paragraph 1
     above, per $1,000 original certificate
     principal amount                                                 $0.00 
(3)  The total amount reimbursed in
     respect of Class A Investor Charge Offs                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class A Certificates exceeds the
     Class A Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 
                                                            
 C)  Information regarding distributions in
     respect of the Class B Certificates,
     per $1,000 original certificate
     principal amount
(1)  The total amount of the
     distribution in respect of Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(2)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of interest on the Class B
     Certificates, per $1,000 original
     certificate principal amount                               $0.00000000 
(3)  The amount of the distribution
     set forth in paragraph 1 above in
     respect of principal of the Class B
     Certificates, per $1,000 original
     certificate principal amount                                     $0.00 

 D)  Amount of reductions in Class B
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of Class B Invested Amount
(1)  The amount of reductions in Class
     B Invested Amount pursuant to
     clauses (c), (d), and (e) of the
     definition of Class B Invested Amount                            $0.00 

                                                     C-2

                                       93
(2)  The amount of reductions in
     the Class B Invested Amount set
     forth in paragraph 1 above, per $1,000
     original certificate principal amount                            $0.00 
     
(3)  The total amount reimbursed in
     respect of such reductions in the
     Class B Invested Amount                                          $0.00 
(4)  The amount set forth in paragraph
     3 above, per $1,000 original
     certificate principal amount                                     $0.00 
(5)  The amount, if any, by which the
     outstanding principal balance of
     the Class B Certificates exceeds the
     Class B Invested Amount after giving
     effect to all transactions on such
     Distribution Date                                                $0.00 

E)   Information regarding certain
     distributions to the Collateral
     Interest Holder
(1)  The amount distributed to the
     Collateral Interest Holder in
     respect of interest on the Collateral
     Invested Amount                                             $364,223.39 
(2)  The amount distributed to the
     Collateral Interest Holder in
     respect of principal on the Collateral
     Invested Amount                                                  $0.00 

 F)  Amount of reductions in Collateral
     Invested Amount pursuant to clauses
     (c), (d), and (e) of the
     definition of
     Collateral Invested Amount
(1)  The amount of reductions in the
     Collateral Invested Amount
     pursuant to clauses (c), (d), and (e) of the
     definition of Collateral Invested Amount                         $0.00 
(2)  The total amount reimbursed in
     respect of such reductions in the
     Collateral Invested Amount                                       $0.00 

     UNIVERSAL CARD SERVICES CORP.,
        Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                                     C-3

                                       94
RECEIVABLES  ---

Beginning of the Month Principal                           $12,877,266,291.05 
Receivables:
Beginning of the Month Finance Charge                       $154,124,723.43 
Receivables:
Beginning of the Month Discounted                                     $0.00 
Receivables:
Beginning of the Month Premium                                        $0.00 
Receivables:
Beginning of the Month Total                               $13,031,391,014.48 
Receivables:

Removed Principal Receivables:                                        $0.00 
Removed Finance Charge Receivables:                                   $0.00 
Removed Total Receivables:                                            $0.00 

Additional Principal Receivables:                                     $0.00 
Additional Finance Charge Receivables:                                $0.00 
Additional Total Receivables:                                         $0.00 

Discounted Receivables Generated this                                 $0.00 
Period:
Premium Receivables Generated this                                    $0.00 
Period:
End of the Month Principal Receivables:                    $12,651,947,543.04 
End of the Month Finance Charge                             $163,185,191.63 
Receivables:
End of the Month Discounted Receivables:                              $0.00 
End of the Month Premium Receivables:                                 $0.00 
End of the Month Total Receivables:                        $12,815,132,734.67 

Special Funding Account Balance                                       $0.00 
Aggregate Invested Amount (all Master                      $9,916,666,666.66 
Trust Series)
 
End of the Month Total Transferor Amount                   $2,898,466,068.01 

DELINQUENCIES AND LOSSES ---
                                                           RECEIVABLES
End of the Month Delinquencies:
   31-60 Days Delinquent                                    $147,443,537.73 
   61-90 Days Delinquent                                     $87,914,479.79 
   91+ Days Delinquent                                      $165,781,677.84 

   Total 31+ Days Delinquent                                $401,139,695.36 

Defaulted Accounts During the Month                          $50,732,491.03 

                                                     C-4

                                       95
INVESTED AMOUNTS ---

Class A Initial Invested Amount              $850,000,000 
Class B Initial Invested Amount               $80,000,000 
Collateral Initial Invested Amount            $70,000,000 
INITIAL INVESTED AMOUNT                                      $1,000,000,000 

Class A Invested Amount                   $850,000,000.00 
Class B Invested Amount                    $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
INVESTED AMOUNT                                              $1,000,000,000 

Class A Adjusted Invested Amount          $850,000,000.00 
Class B Adjusted Invested Amount           $80,000,000.00 
Collateral Invested Amount                 $70,000,000.00 
ADJUSTED INVESTED AMOUNT                                     $1,000,000,000 

MONTHLY SERVICING FEE                                         $1,666,666.67 

INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 

GROUP 1 INFORMATION

WEIGHTED AVERAGE CERTIFICATE RATE FOR ALL SERIES                    5.81503%
IN GROUP 1

GROUP 1 INVESTOR FINANCE CHARGE                              $66,682,427.92 
COLLECTIONS
GROUP 1 INVESTOR ADDITIONAL AMOUNTS                                   $0.00 
GROUP 1 INVESTOR DEFAULT AMOUNT                              $18,713,547.34 
GROUP 1 INVESTOR MONTHLY FEES                                 $7,916,666.67 
GROUP 1 INVESTOR MONTHLY INTEREST                            $23,830,187.15 

SERIES 1997-1 INFORMATION
SERIES 1997-1 ALLOCATION PERCENTAGE                                   10.08%
SERIES 1997-1 ALLOCABLE FINANCE CHARGE                       $17,579,568.69 
COLLECTIONS
SERIES 1997-1 ADDITIONAL AMOUNTS                                      $0.00 
SERIES 1997-1 ALLOCABLE DEFAULTED AMOUNT                      $5,115,881.45 
SERIES 1997-1 MONTHLY FEES                                    $1,666,666.67 
SERIES 1997-1 ALLOCABLE PRINCIPAL                           $214,478,090.03 
COLLECTIONS
SERIES 1997-1 REQUIRED TRANSFEROR AMOUNT                     $70,000,000.00 
FLOATING ALLOCATION PERCENTAGE                                        77.01%

                                                     C-5

                                       96
INVESTOR FINANCE CHARGE COLLECTIONS                          $13,537,867.34 
INVESTOR DEFAULT AMOUNT                                       $3,939,694.18 
REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS              $14,025,651.24 
PRINCIPAL ALLOCATIONS PERCENTAGE                                      77.01%
AVAILABLE PRINCIPAL COLLECTIONS                             $165,167,643.36 

CLASS A  AVAILABLE FUNDS ---

CLASS A FLOATING PERCENTAGE                                           85.00%

    Class A Floating Percentage of         $12,091,332.47 
Reallocated
    Investor Finance Charge Collections
    Other Amounts                                   $0.00 
TOTAL CLASS A AVAILABLE FUNDS                                $12,091,332.47 

   Class A Monthly Interest                 $4,228,809.03 
   Class A Servicing Fee (if applicable)            $0.00 
   Class A Investor Default Amount          $3,348,740.05 
TOTAL CLASS A EXCESS SPREAD                                   $4,513,783.39 

CLASS A REQUIRED AMOUNT                                               $0.00 

CLASS B AVAILABLE FUNDS ---                                 

CLASS B FLOATING PERCENTAGE                                            8.00%

CLASS B AVAILABLE FUNDS                                       $1,122,052.10 

   Class B Monthly Interest                   $411,094.44 
   Class B Servicing Fee (if applicable)            $0.00 
TOTAL CLASS B EXCESS SPREAD                                     $710,957.65 

COLLATERAL AVAILABLE FUNDS --

COLLATERAL FLOATING PERCENTAGE                                         7.00%

COLLATERAL AVAILABLE FUNDS                                      $981,795.59 
   Collateral Interest Servicing Fee                                  $0.00 
(if  applicable)
TOTAL COLLATERAL EXCESS SPREAD                                  $981,795.59 

EXCESS SPREAD ---

TOTAL EXCESS SPREAD                                           $6,206,536.63 

                                       C-6

                                       97
Excess Spread Applied to Class A                                      $0.00 
Required Amount
Excess Spread Applied to Class A                                      $0.00 
Investor Charge
Offs
Excess Spread Applied to Class B                                $315,175.53 
Required Amount
Excess Spread Applied to Reductions of                                $0.00 
Class B
Invested Amount pursuant to clauses
(c), (d) and (e)
 
Excess Spread Applied to Collateral                             $364,223.39 
Monthly
Interest
Excess Spread Applied to Unpaid Monthly                       $1,666,666.67 
Servicing Fee
Excess Spread Applied Collateral                                $275,778.59 
Default Amount
Excess Spread Applied to Reductions of                                $0.00 
Collateral Invested Amount Pursuant to
Clauses
(c), (d) and (e)
Excess Spread Applied to Reserve Account                              $0.00 
Excess Spread Applied to Other Amounts                                $0.00 
Owed to
Collateral Interest Holder

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR OTHER EXCESS ALLOCATION SERIES                            $3,584,692.45 

EXCESS FINANCE CHARGES COLLECTIONS

 TOTAL EXCESS FINANCE CHARGE                                 $31,073,152.65 
COLLECTIONS
 FOR ALL ALLOCATION SERIES

SERIES 1997-1 EXCESS FINANCE CHARGE COLLECTIONS ---

EXCESS FINANCE CHARGE COLLECTIONS                                     $0.00 
ALLOCATED TO SERIES 1997-1

Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Class A Investor Charge Offs
Excess Finance Charge Collections                                     $0.00 
Applied to
Class B Required Amount
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Class B Invested Amount
Pursuant
to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Monthly Interest
Excess Finance Charge Collections                                     $0.00 
Applied to
Unpaid Monthly Servicing Fee
Excess Finance Charge Collections                                     $0.00 
Applied to
Collateral Default Amount

                                                     C-7

                                       98
Excess Finance Charge Collections                                     $0.00 
Applied to
Reductions of Collateral Invested Amount
Pursuant to Clauses (c), (d) and (e)
Excess Finance Charge Collections                                     $0.00 
Applied to
Reserve Account
Excess Finance Charge Collections                                     $0.00 
Applied to
Other Amounts Owed to Collateral
Interest Holder

YIELD AND BASE RATE---

Base Rate (Current Month)                            8.00%                 1
Base Rate (Prior Month)                              8.02%                 1
Base Rate (Two Months Ago)                           7.82%                 1
THREE MONTH AVERAGE BASE RATE                                          7.95%

Series Adj Portfolio Yield (Curr Month)             12.31%                 1
Series Adj Portfolio Yield (Prior Month)            12.71%                 1
Series Adj Port Yield (Two Months Ago)              11.33%                 1
THREE MONTH AVERAGE SERIES ADJUSTED                                   12.12%
PORTFOLIO
YIELD

PRINCIPAL COLLECTIONS---

CLASS A PRINCIPAL PERCENTAGE                                          85.00%

   Class A Principal Collections          $140,392,496.85 

CLASS B PRINCIPAL PERCENTAGE                                           8.00%

   Class B Principal Collections           $13,213,411.47 

COLLATERAL PRINCIPAL PERCENTAGE                                        7.00%
   Collateral Principal Collections        $11,561,735.03 

AVAILABLE PRINCIPAL COLLECTIONS           $165,167,643.36 

REALLOCATED PRINCIPAL COLLECTIONS                                     $0.00 

SERIES 1997-1 PRINCIPAL SHORTFALL                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER                     $0.00 
PRINCIPAL SHARING SERIES

                                                     C-8

                                       99
ACCUMULATION ---

Controlled Accumulation Amount                      $0.00 
Deficit Controlled Accumulation Amount              $0.00 
CONTROLLED DEPOSIT AMOUNT                                             $0.00 

PRINCIPAL FUNDING ACCOUNT BALANCE                                     $0.00 

SHARED PRINCIPAL COLLECTIONS ELIGIBLE                       $165,167,643.36 
FOR OTHER
PRINCIPAL SHARING SERIES

INVESTOR CHARGE OFFS AND
REIMBURSEMENTS--

CLASS A INVESTOR CHARGE OFFS                                          $0.00 
REDUCTIONS IN CLASS B INVESTED AMOUNT  (OTHER THAN                    $0.00 
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER                       $0.00 
THAN BY PRINCIPAL PAYMENTS)

PREVIOUS CLASS A CHARGE OFFS REIMBURSED                               $0.00 
PREVIOUS CLASS B INVESTED AMOUNT                                      $0.00 
REDUCTIONS
REIMBURSED

PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS                        $0.00 
REIMBURSED

     UNIVERSAL CARD SERVICES CORP.,
     as Servicer

     By _/s/Tom Donahue______
          Name:   Thomas Donahue
          Title:  Servicing Officer

                                      100