With Circuit City's $470 million deal and the $906 million deal from Sears, Roebuck and Co., private-label credit-card ABS has had a fair showing so far this year, yet the pipeline for potential deals continues to grow.

Most recently, Spiegel Inc. joined the ranks of Target Corp. (formerly Dayton Hudson) and Saks Credit Corp., filing for securitization with the Securities & Exchange Commission. Further, it's rumored that Neiman Marcus will consider the market sometime soon.

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