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Industry Briefs

Aug. 26 1999 (CARD of the present days Vol. 14, No. 16 via COMTEX) -- First USA
To
Acquire BellSouth Portfolio.

Wilmington, Del.-based issuer First USA [ONE] complet a co- branded

card agreement with BellSouth to become the issuer of the BellSouth

credit card. The agreement includes the purchase of the BellSouth

credit card portfolio from Stamford, Conn.-based GE Capital [GE]
This
portfolio consists of $340 million in credit card outstandings
representing approximately 450000 BellSouth credit card accounts.
The
term of the deal were not disclosed.