Nordstrom Credit Inc Watch

from 10-K 1 page Trustee Acceptance To: Wells Fargo Bank (Colorado), N.A. Nordstrom Credit, Inc. Norwest Bank Colorado, National Association (The "Successor Trustee"), Hereby Acknowledges and Accepts Its Appointment by Nordstrom Credit, Inc. (The "Company") as Successor Trustee Under That Certain Indenture by and Between the Company and Wells Fargo Bank (Colorado), N.A., as Successor Trustee (The "Resigning Trustee"), Dated as of November 15, 1984, as Supplemented by the First Supplemental Indenture Dated as of January 15, 1988, the Second Supplemental Indenture Dated as of June 1, 1989, and the Third Supplemental Indenture Dated as of October 19, 1990 (As Supplemented, the "Indenture"), Providing for the Issuance From Time to Time of Unsecured Debentures, Notes or Other Evidences of Indebtedness of the Company (The "Securities") to Be Issued in One or More Series Under Such Indenture. This Acceptance Is Given Pursuant to Section 611 of the Indenture, and Shall Be Applicable With Respect to All Series of Securities Heretofore Issued Under the Indenture. Dated: March 20, 1997 Norwest Bank Colorado, National Association By:/S/ Cheryl J. Hanson Cheryl J. Hanson, Vice President the Company Hereby Confirms Norwest Bank Colorado, National Association Is Vested With All the Rights, Powers, Trusts and Duties of the Resigning Trustee Under the Indenture. Dated: March 20, 1997 Nordstrom Credit, Inc. By:/S/ John C. Walgamott John C. Walgamott, President

from 10-K 1 page Trustee Resignation To: Nordstrom Credit, Inc. in Connection With the Appointment of Norwest Bank Colorado, National Association as Successor Trustee Under the Indenture (Defined Below), Wells Fargo Bank (Colorado), N.A. (The "Resigning Trustee"), Hereby Resigns as Trustee Under That Certain Indenture by and Between the Company and the Resigning Trustee Dated as of November 15, 1984 as Supplemented by the First Supplemental Indenture Dated as of January 15, 1988, the Second Supplemental Indenture Dated as of June 1, 1989 and the Third Supplemental Indenture Dated as of October 19, 1990 (As Supplemented, the "Indenture"), Providing for the Issuance From Time to Time of Unsecured Debentures, Notes or Other Evidences of Indebtedness of the Company (The "Securities") to Be Issued in One or More Series Under Such Indenture. the Resigning Trustee Acknowledges That $311,000,000.00 Aggregate Principal Amount of Debt Securities Are Outstanding Under the Indenture. the Resignation Is Provided Pursuant to Section 610(b) of the Indenture, and Shall Be Applicable With Respect to All Series of Securities Heretofore Issued Under the Indenture. Dated: March 20, 1997 Wells Fargo Bank (Colorado), N.A. by /S/ Richard J. Sullivan Richard J. Sullivan, III Vice President

from 10-Q 1 page Agreement to Terminate the Operating Agreement for Visa Accounts and Receivables Between Nordstrom National Credit Bank and Nordstrom Credit, Inc. It Is Hereby Agreed That the Operating Agreement for Visa Accounts and Receivables (The Agreement) Dated May 1, 1994 Between Nordstrom National Credit Bank (The Bank) and Nordstrom Credit, Inc. (Credit) Is Terminated Effective August 14, 1996, Upon Agreement of Both Parties. in Witness Whereof, the Bank and Credit Have Caused This Agreement to Be Terminated by Their Respective Officers Thereunto Duly Authorized as of August 14, 1996. Nordstrom National Credit Bank by /S/ John A. Goesling John A. Goesling, Chairman by /S/ John C. Walgamott John C. Walgamott, President Nordstrom Credit, Inc. by /S/ John C. Walgamott John C. Walgamott, President