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HOUSEHOLD CREDIT CARD TRUST 1992-1 RATED 'AAA/AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Dec. 30 /PRNewswire/ -- Household Receivables Funding Corporation II's $357 million Floating Rate Class A Credit Card Participation Certificates are rated 'AAA' by Fitch. The initial Class A certificate rate is 3.6875 percent (one-month LIBOR plus 0.25 percent). The issuer's $68 million 6.25 percent Class B Participation Certificates are rated 'AA-'. Household Receivables Funding Corp. II is a wholly-owned special purpose subsidiary of Household Bank, N.A. Household Finance Corporation (HFC) is the servicer.
 The 'AAA' rating is based on the quality of the revolving credit card receivables, the subordination of Class B certificates equal to 16 percent of the total invested amount, and the interest rate cap. The interest rate cap agreement provides that Swiss Bank Corporation (SBC) will make payments to the Trustee should LIBOR exceed 6.5 percent per annum. Fitch rates SBC 'F-1+'.
 The 'AA-' rating reflects the quality of the receivables, the 10 percent Cash Collateral Account, which is provided for the sole benefit of the Class B certificateholders, the terms of the interest rate cap and HFC's servicing capabilities.
 Series 1992-1 will have an interest-only period covering 24 months. After the interest-only period, Class A investors should receive 12 equal monthly principal payments up to the controlled amortization amount of $29,750,000. The final Class A principal payment is expected to be made in December 1995. After Class A investors are repaid, Class B should begin receiving principal. Class B's final payment date is expected to be in March 1996. The Class B principal payments are subject to a controlled amortization amount of $22,666,667. Class A and B investors will receive interest monthly beginning Jan. 15, 1993.
 The trust's assets include a pool of credit card receivables totaling approximately $508 million as of 11/30/92. The receivables are generated from nonpremium and premium Visa and MasterCard accounts owned by Household Bank, N.A. (Household). Household originated accounts represent 81 percent of the accounts and 68 percent of the receivables. The remaining accounts were purchased by Household during the past three years. Approximately 84 percent of the accounts charge variable interest rates.
 In addition, 67 percent of the accounts were originated under an affinity agreement with Ameritech Corporation, a Delaware corporation. These accounts are owned by Household, originated using Household's origination standards, and managed similarly to Household's own accounts. In general, these accounts were opened within the last 12 months and have low utilization rates. As these accounts become more seasoned, the characteristics of the total pool may change.
 -0- 12/30/92
 /CONTACT: Gracen Fraser, 212-908-0520, or Doug Murray, 212-908-0518, both of Fitch/


CO: Household Bank N.A. ST: New York IN: FIN SU: RTG

AH -- NY037 -- 0671 12/30/92 15:22 EST
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Date:Dec 30, 1992
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