10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2006

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 000-28338-03

CHASE BANK USA, NATIONAL ASSOCIATION

(Depositor into the Issuing Entity described herein)

CHASE CREDIT CARD MASTER TRUST

(Issuing Entity of the Asset Backed Certificates)

(Exact name of registrant as specified in its charter)

United States of America	22-2382028
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

c/o Chase Bank USA, National Association White Clay Center Building 200 Newark, Delaware	19711
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (302) 575-5000

Securities registered pursuant to Section 12(b) of the Act:

NONE

Securities registered pursuant to Section 12(g) of the Act:

NONE

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ¨    No  x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.    Yes  ¨    No  x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days:    Yes  x    No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x NOT APPLICABLE.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer  ¨    Accelerated filer  ¨    Non-accelerated filer  x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

State the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrants. The aggregate value shall be computed by reference to the price at which the common equity was sold, or the average bid and asked prices of such common equity, as of a specified date within 60 days prior to the date of filing.

The registrant has no voting or non-voting common equity outstanding as of the date of this report.

DOCUMENTS INCORPORATED BY REFERENCE

NONE

Introductory Note

The Fourth Pooling and Servicing Agreement (the “Agreement”) of the Chase Credit Card Master Trust (the “Trust”), was executed as March 14, 2006, by and among Chase Bank USA, National Association (the “Bank”), JPMorgan Chase Bank, National Association (the “Paying Agent”), and The Bank of New York (the “Trustee”). During the year, pursuant to Section 6.6 of the Agreement, JPMorgan Chase Bank, National Association resigned as Paying Agent under the Agreement and The Bank of New York, as Trustee, appointed itself as successor Paying Agent. The Bank is the sole beneficiary of the Trust.

The Trust files reports pursuant to Sections 13, 15(d) and 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in the manner described in letters dated January 16, 1991 and March 14, 1991, submitted to the Office of the Chief Counsel on behalf of the originators of the Trust. Accordingly, responses to certain Items have been omitted from or modified in this Annual Report on Form 10-K.

The Chase Credit Card Master Trust is the Issuing Entity of Asset Backed Securities, Series 1996-2, Series 1996-3, Series 1998-4, Series 2001-1, Series 2001-2 , Series 2001-4, Series 2001-6, Series 2002-1, Series 2002-3, Series 2002-5, Series 2002-7, Series 2003-1, Series 2003-2, Series 2003-3, Series 2003-4, Series 2003-5, Series 2003-6, Series 2004-1, and Series 2004-2.

Each of the Series 2001-1, Series 2001-2, Series 2001-4, Series 2001-6, Series 2002-1, Series 2002-3, Series 2002-5, Series 2002-7, Series 2003-1, Series 2003-2, Series 2003-3, Series 2003-4, Series 2003-5, Series 2003-6, Series 2004-1 and Series 2004-2 Certificates (the “Owner Trust Series”) are held by separate owner trusts. In addition, the Trust has issued an Investor Certificate pursuant to the Agreement and the Series 2004-CC Supplement thereto, dated October 20, 2004.

As of December 31, 2006, the Series 1996-2, Series 1996-3, Series 2001-1, Series 2001-2, Series 2001-4, Series 2001-6 and Series 2003-1 Certificates were no longer outstanding.

PART I

ITEM 1. BUSINESS

JPMorgan Chase & Co., the parent corporation of the Bank, has an Internet website at www.jpmorganchase.com which includes certain reports of the Trust. Electronic copies of the Trust’s annual report on Form 10-K and current reports on Form 8-K are available free of charge by visiting the Securities Exchange Commission (the “SEC”) website at www.sec.gov. The Trust’s SEC filings are also accessible via a link to the SEC website provided at www.jpmorganchase.com.

ITEM 1A. RISK FACTORS

Not Applicable.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

Pursuant to the Agreement, JPMorgan Chase Bank, National Association and the Bank have transferred to the Trust from time to time the receivables (the “Receivables”) arising in certain designated credit card accounts.

The following table summarizes the Composition by Period of Delinquency for the Trust Portfolio as of the close of business on December 31, 2006. Because the future composition of the Trust Portfolio may change over time, this table is not necessarily indicative of the composition of the Trust Portfolio at any subsequent time.

Composition by Period of Delinquency

Trust Portfolio

Period of Delinquency (Days Contractually Delinquent)	Amount of Receivables		Percentage of Total Receivables
30 to 59 Days	$	234,374,841.09	0.97	%
60 to 89 Days	$	168,488,871.19	0.70	%
90 to 119 Days	$	143,956,572.69	0.60	%
120 to 149 Days	$	123,302,755.92	0.51	%
150 to 179 Days	$	114,966,449.30	0.48	%
180 or More Days	$	75,581.58	0.00	%
Total	$	785,165,071.77	3.26	%

The aggregate Investor Default Amount for the year ended December 31, 2006 was $869,489,180. There were no Investor Charge-offs for the same period.

The aggregate amount of interest distributions made to the Securityholders for the year ended December 31, 2006 was $892,861,196. The aggregate amount of principal

distributions made to the Securityholders for the year ended December 31, 2006 was $5,423,401,441.

ITEM 3. LEGAL PROCEEDINGS

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

To the knowledge of the registrant, the Certificates (other than the Owner Trust Series) are traded in the over-the-counter market to a limited extent.

As of December 31, 2006, all of the Certificates (other than the Owner Trust Series) were registered in the name of CEDE and Co. The registrant understands that CEDE and Co. is the nominee for the Depository Trust Company (“DTC”). The registrant further understands that DTC has no knowledge of the actual beneficial owners of such Certificates held of record by CEDE & Co., and that DTC knows only the identity of the participants to whose accounts such Certificates are credited, who may or may not be the beneficial owners of such Certificates. The Commission has concurred with the registrant’s position that the registrant may consider holders of interests in the DTC System or DTC participants to be “holders of record” and the following information is presented on that basis:

Series	No. of Holders
2002-1	1
2002-3	1
2002-5	1
2002-7	1
2003-1.1	1
2003-1.2	1
2003-1.3	1
2003-1.4	1
2003-1.5	1
2004-1.1	1
2004-1.2	1

ITEM 6. SELECTED FINANCIAL DATA

Not applicable.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Not applicable.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Not applicable.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

None.

ITEM 9B. OTHER INFORMATION

As set forth in Exhibit 33.3 to this Form 10-K, JPMorgan Chase Bank, National Association, in its capacity as Paying Agent, reported a material instance of noncompliance with respect to Items 1122(d)(3)(i) and 1122(d)(3)(ii) of Regulation AB, at the platform level. As set forth on such assessment of compliance, certain monthly investor reports omitted information required by the transaction agreements and/or contained errors in the information presented and certain monthly investor distributions contained errors as to amounts due to certain investors. Such assessment also indicates that all such errors and omissions were corrected and appropriate measures were taken to avoid similar errors and omissions.

As disclosed in the Form 8-K filed with the SEC on October 10, 2006, JPMorgan Chase Bank, National Association resigned as Paying Agent under the Agreement and The Bank of New York, as Trustee, appointed itself as successor Paying Agent.

PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Not applicable.

ITEM 11. EXECUTIVE COMPENSATION

Not applicable.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The records of DTC indicate that as of December 31, 2006, there were the following holders of record with more than 5% of each class of Certificates:

Series/Class	Name & Address of Participant	Original Certificate Principal Balance	% of Class
Series 2002-1	Chase Credit Card Owner Trust 2002-1		100%
Series 2002-3	Chase Credit Card Owner Trust 2002-3		100%
Series 2002-5	Chase Credit Card Owner Trust 2002-5		100%
Series 2002-7	Chase Credit Card Owner Trust 2002-7		100%
Series 2003-2	Chase Credit Card Owner Trust 2003-2		100%
Series 2003-3	Chase Credit Card Owner Trust 2003-3		100%
Series 2003-4	Chase Credit Card Owner Trust 2003-4		100%
Series 2003-5	Chase Credit Card Owner Trust 2003-5		100%
Series 2003-6	Chase Credit Card Owner Trust 2003-6		100%
Series 2004-1	Chase Credit Card Owner Trust 2004-1		100%
Series 2004-2	Chase Credit Card Owner Trust 2004-2		100%

(b) Not applicable.

(c) Not applicable.

(d) Not applicable.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Not applicable.

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a) The following documents are filed as part of the report:

(11) Exhibits:

23.1	Consent of PricewaterhouseCoopers LLP, accountants for Chase Bank USA, National Association.
23.2	Consent of Ernst & Young LLP, accountants for The Bank of New York.
23.3	Consent of PricewaterhouseCoopers LLP, accountants for JPMorgan Chase Bank, National Association.
31.1	Senior Officer for Securitizations Servicing Certification Pursuant to Section 302 (a) of the Sarbanes-Oxley Act of 2002 Relating to Reports.
33.1	Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of Chase Bank USA, National Association.
33.2	Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of The Bank of New York.
33.3	Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of JPMorgan Chase Bank, National Association, as Paying Agent for Chase Credit Card Master Trust.
34.1	Independent Accountants’ Attestation Report concerning servicing activities of Chase Bank USA, National Association.
34.2	Independent Accountants’ Attestation Report concerning servicing activities of The Bank of New York.
34.3	Independent Accountants’ Attestation Report concerning servicing activities of JPMorgan Chase Bank, National Association, as Paying Agent for Chase Credit Card Master Trust.
35.1	Servicer Compliance Statement of Chase Bank USA, National Association as servicer for the Chase Credit Card Master Trust.

(b) See item 15(a)(3) above.

(c) Not applicable.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on March 30, 2007.

CHASE BANK USA, NATIONAL ASSOCIATION
as depositor into the Chase Credit Card Master Trust
By:	/s/ Keith W. Schuck
Name:	Keith W. Schuck
Title:	President

SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to Certificateholders during the period covered by this Annual Report on Form 10-K and the registrant does not intend to furnish such materials to Certificateholders subsequent to the filing of this report.

INDEX TO EXHIBITS

Exhibit Number	Description
23.1	Consent of PricewaterhouseCoopers LLP, accountants for Chase Bank USA, National Association
23.2	Consent of Ernst & Young LLP, accountants for The Bank of New York.
23.3	Consent of PricewaterhouseCoopers LLP, accountants for JPMorgan Chase Bank, National Association.
31.1	Senior Officer for Securitizations Servicing Certification Pursuant to Section 302 (a) of the Sarbanes-Oxley Act of 2002 Relating to Reports.
33.1	Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of Chase Bank USA, National Association.
33.2	Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of The Bank of New York.
33.3	Report on Assessment of Compliance with Servicing Criteria concerning servicing activities of JPMorgan Chase Bank, National Association, as Paying Agent for Chase Credit Card Master Trust.
34.1	Independent Accountants’ Attestation Report concerning servicing activities of Chase Bank USA, National Association.
34.2	Independent Accountants’ Attestation Report concerning servicing activities of The Bank of New York.
34.3	Independent Accountants’ Attestation Report concerning servicing activities of JPMorgan Chase Bank, National Association, as Paying Agent for Chase Credit Card Master Trust.
35.1	Servicer Compliance Statement of Chase Bank USA, National Association as servicer for the Chase Credit Card Master Trust.

EX-23.1

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We hereby consent to the incorporation by reference in the Registration Statement on Form S-3 (No. 333-103210-01) of Chase Credit Card Master Trust of our report dated March 28, 2007 relating to Chase Bank USA, National Association Management’s Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, which appears in this Form 10-K.

New York, New York

March 28, 2007

EX-23.2

Exhibit 23.2

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement 333-103210-01 of Chase Credit Card Master Trust and in the related Prospectus of our attestation report dated March 1, 2007, with respect to The Bank of New York’s, The Bank of New York Trust Company, N.A.’s, and The Bank of New York (Delaware)’s, (collectively, the “Company”), compliance with specified servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s Regulation AB for publicly issued (i.e. transaction-level reporting initially required under the Securities and Exchange Act of 1934, as amended) asset-backed securities issued on or after January 1, 2006 (and like-kind transactions issued prior to January 1, 2006) for which the Company provides trustee, securities administration or paying agent services, other than residential mortgage back securities and other mortgage-related asset-backed securities (the “Platform”) as of and for the year ended December 31, 2006, included in the Annual Report (Form 10-K) of Chase Credit Card Master Trust for the year ended December 31, 2006 filed with the Securities and Exchange Commission. The Platform includes like-kind transactions for which the Company provided trustee, securities administration, or paying agent services as a result of the Company’s acquisition as of October 1, 2006 of portions of JPMorgan Chase Bank, N.A.’s corporate trust business, including structured finance agency and trust transactions.

New York, NY

March 29, 2007

EX-23.3

Exhibit 23.3

Consent of Independent Registered Public Accounting Firm

We hereby consent to the incorporation by reference in the Registration Statement on Form S-3 (No. 333-103210-01) of Chase Credit Card Master Trust of our report dated March 14, 2007 relating to JPMorgan Chase Bank, National Association Management’s Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, which appears in this Form 10-K.

New York, New York

March 28, 2007

EX-31.1

Exhibit 31.1

CERTIFICATION

Chase Credit Card Master Trust (the “Trust”)

I, Keith W. Schuck, the president of Chase Bank USA, National Association, certify that:

1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of the Trust;

2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;

3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing agreement, or similar agreement, for inclusion in these reports is included in these reports;

4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and

5. These reports disclose all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing agreement that is included in these reports.

Date: March 28, 2007

By:	/s/ Keith W. Schuck
Name:	Keith W. Schuck
Title:	President

EX-33.1

Exhibit 33.1

Certification Regarding Compliance with Applicable Servicing Criteria

1. Chase Bank USA, National Association (the “Asserting Party”) is responsible for assessing compliance as of December 31, 2006 and for the period from January 1, 2006 through December 31, 2006 (the “Reporting Period”), with the servicing criteria applicable to the Asserting Party under paragraph (d) of Item 1122 of Regulation AB, as set forth in Appendix A hereto (such servicing criteria, excluding the criteria listed in the column titled “Inapplicable Servicing Criteria” on Appendix A hereto, the “Applicable Servicing Criteria”). This report covers all asset-backed securities transactions backed by credit card receivables, for which transactions the Asserting Party acts as servicer, that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period (the “Platform”), as listed in Appendix B hereto.

2. Except as set forth in paragraph 3 below, the Asserting Party has used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance by the Asserting Party with the Applicable Servicing Criteria.

3. The servicing criteria listed in the column titled “Inapplicable Servicing Criteria” on Appendix A hereto are inapplicable to the Asserting Party based on the activities it performs with respect to the Platform.

4. The Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria as of December 31, 2006 and for the Reporting Period with respect to the Platform, taken as a whole.

5. PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation report for the Platform on the Asserting Party’s assessment of compliance with the Applicable Servicing Criteria as of December 31, 2006 and for the Reporting Period.

Chase Bank USA, National Association

/s/ Keith W. Schuck

Keith W. Schuck

President

March 28, 2007

APPENDIX A

SERVICING CRITERIA		APPLICABLE SERVICING CRITERIA	INAPPLICABLE SERVICING CRITERIA
Reference	Criteria
	General Servicing Considerations
1122(d)(1)(i)	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	X
1122(d)(1)(ii)	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.		X
1122(d)(1)(iii)	Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.		X
1122(d)(1)(iv)	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	X
	Cash Collection and Administration
1122(d)(2)(i)	Payments on credit card accounts are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.	X
1122(d)(2)(ii)	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	X
1122(d)(2)(iii)	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.		X
1122(d)(2)(iv)	The related accounts for the transaction, such as cash reserve accounts or accounts established for overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	X
1122(d)(2)(v)	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.	X
1122(d)(2)(vi)	Unissued checks are safeguarded so as to prevent unauthorized access.		X
1122(d)(2)(vii)	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	X

SERVICING CRITERIA		APPLICABLE SERVICING CRITERIA	INAPPLICABLE SERVICING CRITERIA
Reference	Criteria
	Investor Remittances and Reporting
1122(d)(3)(i)	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced by the Servicer.	X
1122(d)(3)(ii)	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	X1
1122(d)(3)(iii)	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.	X2
1122(d)(3)(iv)	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	X3
	Pool Asset Administration
1122(d)(4)(i)	Collateral or security on pool assets is maintained as required by the transaction agreements or related asset pool documents.		X
1122(d)(4)(ii)	Pool assets and related documents are safeguarded as required by the transaction agreements		X
1122(d)(4)(iii)	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	X
1122(d)(4)(iv)	Payments on credit card accounts, including any payoffs, made in accordance with the related credit card account documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related asset pool documents.	X
1122(d)(4)(v)	The Servicer’s records regarding the accounts agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.	X
1122(d)(4)(vi)	Changes with respect to the terms or status of an obligor’s account (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	X

¹ The Asserting Party allocates amounts due to investors and remits such amounts to the Paying Agent in accordance with the timeframes, distribution priority and other terms set forth in the transaction agreements.

² Amounts remitted to the Paying Agent pursuant to the transaction agreements are posted to the Asserting Party’s records within two business days.

³ The Asserting Party agrees amounts remitted to investors per the investor reports to amounts remitted to the Paying Agent per the bank statements.

SERVICING CRITERIA		APPLICABLE SERVICING CRITERIA	INAPPLICABLE SERVICING CRITERIA
Reference	Criteria
1122(d)(4)(vii)	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	X
1122(d)(4)(viii)	Records documenting collection efforts are maintained during the period an Account is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent Accounts including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	X
1122(d)(4)(ix)	Adjustments to interest rates or rates of return for Accounts with variable rates are computed based on the related Account documents.	X
1122(d)(4)(x)	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements.		X
1122(d)(4)(xi)	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.		X
1122(d)(4)(xii)	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.		X
1122(d)(4)(xiii)	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.		X
1122(d)(4)(xiv)	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	X
1122(d)(4)(xv)	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.	X

Appendix B

Chase Issuance Trust

Class A (2002-01)

Class A (2002-03)

Class A (2002-05)

Class A (2002-06)

Class A (2003-01)

Class A (2003-02)

Class A (2003-03)

Class A (2003-04)

Class A (2003-05)

Class A (2003-06)

Class A (2003-07)

Class A (2003-08)

Class A (2003-09)

Class A (2003-10)

Class A (2004-01)

Class A (2004-02)

Class A (2004-03)

Class A (2004-04)

Class A (2004-05)

Class A (2004-06)

Class A (2007-07)

Class A (2004-08)

Class A (2004-09)

Class A (2004-10)

Class A (2005-01)

Class A (2005-02)

Class A (2005-03)

Class A (2005-04)

Class A (2005-05)

Class A (2005-06)

Class A (2005-07)

Class A (2005-08)

Class A (2005-09)

Class A (2005-10)

Class A (2005-11)

Class A (2005-12)

Class A (2005-13)

Class A (2006-01)

Class A (2006-02)

Class A (2006-03)

Class A (2006-04)

Class A (2006-05)

Class A (2006-06)

Class A (2006-07)

Class A (2006-08)

Class B (2002-01)

Class B (2003-01)

Class B (2003-02)

Class B (2003-03)

Class B (2004-01)

Class B (2004-02)

Class B (2005-01)

Class B (2005-02)

Class B (2006-01)

Class B (2006-02)

Class C (2002-01)

Class C (2003-01)

Class C (2003-02)

Class C (2003-03)

Class C (2003-04)

Class C (2004-01)

Class C (2004-02)

Class C (2004-03)

Class C (2005-01)

Class C (2005-02)

Class C (2005-03)

Class C (2006-02)

Class C (2006-03)

Class C (2006-04)

Chase Credit Card Master Trust

Series 1996-2 (Class A and B)

Series 1996-3 (Class A and B)

Series 2001-1

Series 2001-2

Series 2001-4

Series 2001-6

Series 2002-1

Series 2002-3

Series 2002-5

Series 2002-7

Series 2003-1

Series 2003-2

Series 2003-3

Series 2003-4

Series 2003-5

Series 2003-6

Series 2004-1

Series 2004-2

First USA Credit Card Master Trust

Series 1996-4

Series 1997-4

Series 1997-8

Series 1998-6

Series 1999-2

Series 2001-1

Series 2001-3

Series 2001-4

EX-33.2

Exhibit 33.2

ASSERTION OF COMPLIANCE WITH APPLICABLE SERVICING CRITERIA

The Bank of New York, The Bank of New York Trust Company, N. A. and The Bank of New York (Delaware) (collectively, the “Company”) provides this platform-level assessment of compliance with the servicing criteria specified in Item 1122(d) of Regulation AB promulgated by the Securities and Exchange Commission.

Management has determined that the following servicing criteria are applicable in regards to the following servicing platform for the following period:

Platform: Publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of 1934, as amended) asset-backed securities issued on or after January 1, 2006 (and like-kind transactions issued prior to January 1, 2006) for which the Company provides trustee, securities administration, or paying agent services, other than residential mortgage-backed securities and other mortgage-related asset-backed securities. The platform includes like-kind transactions for which the Company provided trustee, securities administrator, or paying agent services as a result of the Company’s acquisition as of October 1, 2006 of portions of JPMorgan Chase Bank, N.A.’s corporate trust business, including structured finance agency and trust transactions.

Applicable Servicing Criteria: All servicing criteria set forth in Item 1122(d), to the extent required by the related transaction agreements as to any transaction, except for the following criteria: 1122 (d) (1) (ii), (iii), (iv), (2) (iii), (vi), (4) (vi), (vii), (viii), (x), (xi), (xii), (xiii) and (xiv).

Period: Twelve months ended December 31, 2006.

With respect to the Platform and the Period, the Company provides the following assessment of compliance in respect of the Applicable Servicing Criteria:

• The Company is responsible for assessing its compliance with the Applicable Servicing Criteria.

• The Company has assessed compliance with the Applicable Servicing Criteria.

• As of December 31, 2006 and for the Period, the Company was in material compliance with the Applicable Servicing Criteria.

1

Ernst & Young LLP, an independent registered public accounting firm, has issued an attestation report with respect to the Company’s foregoing assessment of compliance.

The Bank of New York	The Bank of New York
The Bank of New York Trust Company, N.A.	The Bank of New York Trust Company, N.A.
The Bank of New York (Delaware)
/s/ Robert L. Griffin	/s/ Patrick J. Tadie
Robert L. Griffin	Patrick J. Tadie
Authorized Signer	Authorized Signer

March 1, 2007

2

EX-33.3

Exhibit 33.3

Management’s Report on Assessment of Compliance with Applicable Servicing Criteria

JPMorgan Chase Bank, National Association (the “Asserting Party”) is responsible for assessing compliance as of September 30, 2006 and for the period from January 1, 2006 through September 30, 2006 (the “Reporting Period”), with the servicing criteria set forth in Title 17, Section 229.1122 (d) of the Code of Federal Regulations (the “CFR”), to the extent required by the related transaction agreements and excluding the criteria set forth in 17 CFR 229.1122(d) (1)(ii)-(iv), (2)(iii), (2)(vi), (4)(i)-(ii), and (4)(iv)-(xiv) which the Asserting Party has concluded are not applicable to the activities it performs with respect to the asset-backed securitization transactions covered by this report (such criteria, after giving effect to the exclusions identified above, the “Applicable Servicing Criteria”). This report covers certain asset-backed securities transactions backed by residential mortgages, home equity loans, auto loans, credit card receivables, dealer floor plans, retail installment contracts and manufactured housing contracts for which transactions the Asserting Party performs the Applicable Servicing Criteria as trustee, securities administrator or paying agent that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the reporting period (the “Platform”), as listed in Appendix A.

The Asserting Party has (i) used the criteria set forth in 17 CFR 229.1122(d) to assess the compliance by the Asserting Party with the Applicable Servicing Criteria for the Reporting Period and (ii) concluded that, other than as identified on Appendix B, the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria as of September 30, 2006 and for the Reporting Period with respect to the Platform, taken as a whole.

PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation report for the Platform, stating that the Asserting Party has complied with the Applicable Servicing Criteria, except for material instances of non-compliance identified on Appendix B, as of September 30, 2006 and for the Reporting Period.

JPMorgan Chase Bank, National Association

/s/ Kelly A. Mathieson

Kelly A. Mathieson, Managing Director

Date: March 14, 2007

Appendix A

BA Master Credit Card Trust II

Capital Auto Receivables Asset Trust 2006-1

Capital One Auto Finance Trust 2006-A

Capital One Auto Finance Trust 2006-B

Capital One Prime Auto Receivables Trust, 2006-1

Centex Home Equity Loan Trust 2006-A

Chase Auto Owner Trust 2006-A

Chase Auto Owner Trust 2006-B

Chase Credit Card Master Trust, Series 1996-2 (Class A and B)

Chase Credit Card Master Trust, Series 1996-3 (Class A and B)

Chase Credit Card Master Trust, Series 2001-1

Chase Credit Card Master Trust, Series 2001-2

Chase Credit Card Master Trust, Series 2001-4

Chase Credit Card Master Trust, Series 2001-6

Chase Credit Card Master Trust, Series 2002-1

Chase Credit Card Master Trust, Series 2002-3

Chase Credit Card Master Trust, Series 2002-5

Chase Credit Card Master Trust, Series 2002-7

Chase Credit Card Master Trust, Series 2003-1

Chase Credit Card Master Trust, Series 2003-2

Chase Credit Card Master Trust, Series 2003-3

Chase Credit Card Master Trust, Series 2003-4

Chase Credit Card Master Trust, Series 2003-5

Chase Credit Card Master Trust, Series 2003-6

Chase Credit Card Master Trust, Series 2004-1

Chase Credit Card Master Trust, Series 2004-2

Chase Mortgage Finance Trust Series 2006-A1

Chase Mortgage Finance Trust Series 2006-S1

Chase Mortgage Finance Trust Series 2006-S2

ChaseFlex Trust Series 2006-1

ChaseFlex Trust Series 2006-2

Citigroup Mortgage Loan Trust 2006-CB3

CNH Equipment Trust 2006-A

CNH Equipment Trust 2006-B

CWHEQ Revolving Home Equity Loan Trust, Series 2006- F

CWHEQ Revolving Home Equity Loan Trust, Series 2006-A

CWHEQ Revolving Home Equity Loan Trust, Series 2006-B

CWHEQ Revolving Home Equity Loan Trust, Series 2006-C

CWHEQ Revolving Home Equity Loan Trust, Series 2006-D

CWHEQ Revolving Home Equity Loan Trust, Series 2006-E

CWHEQ Revolving Home Equity Loan Trust, Series 2006-G

CWHEQ Revolving Home Equity Loan Trust, Series 2006-H

DaimlerChrysler Auto Trust 2006-A

Ford Credit Floorplan Master Owner Trust A, Series 2006-3

Ford Credit Floorplan Master Owner Trust A, Series 2006-4

GMACM Home Equity Loan Trust 2006-HE1

GMACM Home Equity Loan Trust 2006-HE2

GMACM Home Equity Loan Trust 2006-HE3

GMACM Home Equity Loan Trust 2006-HE4

GMACM Home Loan Trust 2006-HLTV1

GMACM Mortgage Loan Trust 2006-AR2

GS Auto Loan Trust 2006-1

GSAA Home Equity Trust 2006-1

GSAA Home Equity Trust 2006-12

GSAA Home Equity Trust 2006-3

GSAA Home Equity Trust 2006-5

GSAA Home Equity Trust 2006-6

GSAA Home Equity Trust 2006-9

GSR Mortgage Loan Trust 2006-4F

Honda Auto Receivables 2006-1 Owner Trust

IXIS Real Estate Capital Trust 2006-HE1

IXIS Real Estate Capital Trust 2006-HE2

J.P. Morgan Mortgage Acquisition Corp. 2006-FRE1

J.P. Morgan Mortgage Acquisition Corp. 2006-FRE2

J.P. Morgan Mortgage Acquisition Corp. 2006-HE1

J.P. Morgan Mortgage Acquisition Corp. 2006-WMC1

J.P. Morgan Mortgage Acquisition Trust 2006-ACC1

J.P. Morgan Mortgage Acquisition Trust 2006-CW1

J.P. Morgan Mortgage Acquisition Trust 2006-HE2

J.P. Morgan Mortgage Acquisition Trust 2006-NC1

J.P. Morgan Mortgage Acquisition Trust 2006-NC2

J.P. Morgan Mortgage Acquisition Trust 2006-RM1

J.P. Morgan Mortgage Acquisition Trust 2006-WMC2

J.P. Morgan Mortgage Acquisition Trust 2006-WMC3

Nationstar Home Equity Loan Trust 2006-B

Newcastle Mortgage Securities Trust 2006-1

NovaStar Mortgage Funding Trust, Series 2006-1

NovaStar Mortgage Funding Trust, Series 2006-2

NovaStar Mortgage Funding Trust, Series 2006-3

NovaStar Mortgage Funding Trust, Series-2006-MTA1

Origen Manufactured Housing Contract Trust 2006-A

Ownit Mortgage Loan Trust, Series 2006-1 Trust

Popular ABS Mortgage Pass-Through Trust 2006-A

Popular ABS Mortgage Pass-Through Trust 2006-B

Popular ABS Mortgage Pass-Through Trust 2006-C

Popular ABS Mortgage Pass-Through Trust 2006-D

RAAC Series 2006-SP1 Trust

RAAC Series 2006-SP2 Trust

RAAC Series 2006-SP3 Trust

RAMP Series 2006-RS1 Trust

RAMP Series 2006-RS2 Trust

RAMP Series 2006-RS3 Trust

RAMP Series 2006-RS4 Trust

RAMP Series 2006-RS5 Trust

RAMP Series 2006-RZ1 Trust

RAMP Series 2006-RZ2 Trust

RAMP Series 2006-RZ3 Trust

RAMP Series 2006-RZ4 Trust

RFMSII Series 2006-HSA1 Trust

The Home Equity Loan Trust 2006-HSA2

The Home Equity Loan Trust 2006-HSA3

The Home Equity Loan Trust 2006-HSA4

The Home Equity Loan Trust 2006-HSA5

The Home Loan Trust 2006-HI1

The Home Loan Trust 2006-HI2

The Home Loan Trust 2006-HI3

The Home Loan Trust 2006-HI4

USAA Auto Owner Trust 2006-1

USAA Auto Owner Trust 2006-2

APPENDIX B

Material Instances of Noncompliance

During the Reporting Period, the Company has identified the following material instances of noncompliance the Applicable Servicing Criteria.

CFR Item 1122(d)(3)(i): Certain monthly investor reports omitted information required by the transaction agreements and/or contained errors in the information presented.

CFR Item 1122(d)(3)(ii): Certain monthly investor distributions contained errors as to amounts due to certain investors.

Remediation Efforts

Errors and omissions were corrected and appropriate measures were taken to avoid similar errors and omissions.

EX-34.1

Exhibit 34.1

Report of Independent Registered Public Accounting Firm

To the Stockholder of Chase Bank USA, National Association:

We have examined management’s assertion, included in the accompanying Certification Regarding Compliance with Applicable Servicing Criteria that Chase Bank USA, National Association (the “Bank”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB, as of and for the year ended December 31, 2006 (the “Reporting Period”), for all asset-backed securities transactions backed by credit card receivables, for which transactions the Bank acts as servicer, that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period (the “Platform”), excluding criteria 1122(d)(1)(ii) and (iii); 1122(d)(2)(iii) and (vi); and 1122(d)(4)(i), (ii), (x), (xi), (xii), and (xiii), which the Bank has determined are not applicable to the activities performed by it with respect to the Platform. Management is responsible for the Bank’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’s assertion based on our examination.

Our examination was conducted in accordance with standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Bank’s compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions and securities that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Bank processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected transactions and servicing activities performed by the Bank during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Bank during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Bank’s compliance with the servicing criteria.

In our opinion, management’s assertion that the Bank complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2006 for all asset-backed securities transactions backed by credit card receivables, for which transactions the Bank acts as servicer, that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period is fairly stated, in all material respects.

March 28, 2007

EX-34.2

Exhibit 34.2

Report of Independent Registered Public Accounting Firm

Board of Directors

The Bank of New York

We have examined management’s assertion, included in the accompanying Management’s Report on Assertion of Compliance with Applicable Servicing Criteria that The Bank of New York, The Bank of New York Trust Company, N.A., and The Bank of New York (Delaware), (collectively, the “Company”), complied with the servicing criteria set forth in Item 1122 (d) of the Securities and Exchange Commission’s Regulation AB for the publicly issued (i.e, transaction-level reporting initially required under the Securities and Exchange Act of 1934, as amended) asset-backed securities issued on or after January 1, 2006 (and like-kind transactions issued prior to January 1, 2006) for which the Company provides trustee, securities administration or paying agent services, other than residential mortgage backed securities and other mortgage-related asset-backed securities (the “Platform”) as of and for the year ended December 31, 2006 except for criteria 1122 (d)(l)(ii)-(iv), 1122 (d)(2)(iii), 1122(d)(2)(vi), 1122(d)(4)(vi)-(vii) and 1122 (d)(4)(x)-(xiv), which the Company has determined are not applicable to the activities performed by them with respect to the servicing Platform covered by this report. The Platform includes like-kind transactions for which the Company provided trustee, securities administration, or paying agent services as a result of the Company’s acquisition as of October 1, 2006 of portions of JPMorgan Chase Bank, N.A.’s corporate trust business, including structured finance agency and trust transactions. Management is responsible for the Company’s Compliance with those servicing criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of less than all of the servicing activities related to the Platform, and determining whether the Company processed those selected permitted by the Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretation (“Interpretation 17.06”). Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

In our opinion, management’s assertion that the Company complied with the aforementioned servicing criteria, including servicing criteria for which compliance is determined based on Interpretation 17.06 as described above, as applicable, as of and for the year ended December 31, 2006 for the Platform, is fairly stated, in all material respects.

March 1, 2007

EX-34.3

Exhibit 34.3

PricewaterhouseCoopers LLP

PricewaterhouseCoopers Center

300 Madison Avenue

New York NY 10017

Telephone (646) 471-3000

Facsimile (813) 286-6000

Report of Independent Registered Public Accounting Firm

To the Board of Directors of JPMorgan Chase Bank, National Association

We have examined JPMorgan Chase Bank, National Association’s (the “Company”) compliance with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB as of September 30, 2006 and for the period from January 1, 2006 to September 30, 2006 (the “Reporting Period”) for the asset-backed securities transactions backed by residential mortgages, home equity loans, auto loans, credit card receivables, dealer floor plans, retail installment contracts and manufactured housing contracts that were registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended, where the related asset-backed securities were outstanding during the Reporting Period (the “Platform”) described in the accompanying Management’s Report on Assessment of Compliance with Applicable Servicing Criteria, excluding criteria 1122(d)(1)(ii)-(iv), 1122(d)(2)(iii), 1122(d)(2)(vi), 1122(d)(4)(i)-(ii), and 1122(d)(4)(iv)-(xiv), which the Company has determined are not applicable to the activities performed by it with respect to the Platform. Appendix A to management’s assertion identifies the individual asset-backed transactions and securities defined by management as constituting the Platform. Management is responsible for the Company’s compliance with the servicing criteria. Our responsibility is to express an opinion on the Company’s compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions and securities that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

Our examination disclosed the following material noncompliance with the servicing criteria set forth in Items 1122(d)(3)(i) and 1122(d)(3)(ii) of Regulation AB applicable to the Company during the period from January 1, 2006 to September 30, 2006. Certain monthly investor reports omitted information required by the transaction agreements and/or contained errors in the information presented and certain monthly investor distributions contained errors as to amounts due to certain investors.

In our opinion, except for the material noncompliance described in the preceding paragraph, JPMorgan Chase Bank, National Association complied with the aforementioned applicable servicing criteria as of and for the period ended September 30, 2006 for the Platform, in all material respects.

New York, New York

March 14, 2007

EX-35.1

Exhibit 35.1

SERVICER COMPLIANCE STATEMENT

Chase Bank USA, National Association

Chase Credit Card Master Trust

The undersigned, a duly authorized officer of Chase Bank USA, National Association (the “Bank”), as Servicer pursuant to the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of March 14, 2006 (as amended and supplemented from time to time, the “Agreement”) between the Bank, as transferor and servicer (in such capacity, the “Servicer”) and The Bank of New York, as trustee (the “Trustee”), does hereby certify that:

1. The Bank is, as of the date hereof, the Servicer under the Agreement.

2. A review of the Servicer’s activities during the calendar year ended December 31, 2006 (the “Reporting Period”) and of its performance under the Agreement has been made under my supervision.

3. To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Agreement in all material respects throughout the Reporting Period.

IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 30th day of March, 2007.

CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer
By:	/s/ Keith W. Schuck
Name:	Keith W. Schuck
Title:	President