Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - August 2006

Series Deal Size Expected Maturity	2001-6 $1,200MM 12/15/2006		2002-1 $1,000MM 3/15/2007		2002-3 $1,500MM 6/15/2009		2002-5 $1,000MM 7/15/2007		2002-7 $750MM 11/15/2007		2003-2 $1,340MM 4/15/2008
Yield	17.17	%	17.16	%	17.16	%	17.16	%	17.16	%	17.16	%
Less: Coupon	5.52	%	5.48	%	5.55	%	5.47	%	5.52	%	5.51	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	4.43	%	4.43	%	4.43	%	4.43	%	4.43	%	4.43	%
Excess Spread:
August-06	5.72	%	5.75	%	5.69	%	5.76	%	5.71	%	5.72	%
July-06	5.76	%	5.80	%	5.74	%	5.81	%	5.76	%	5.77	%
June-06	7.13	%	7.17	%	7.11	%	7.18	%	7.13	%	7.14	%
Three Month Average Excess Spread	6.21	%	6.24	%	6.18	%	6.25	%	6.20	%	6.21	%
Delinquency:
30 to 59 Days	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%
60 to 89 Days	0.71	%	0.71	%	0.71	%	0.71	%	0.71	%	0.71	%
90+ Days	1.62	%	1.62	%	1.62	%	1.62	%	1.62	%	1.62	%
Total	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%
Principal Payment Rate	18.61	%	18.61	%	18.61	%	18.61	%	18.61	%	18.61	%

Series Deal Size Expected Maturity	2003-3 $1,425MM 7/15/2008		2003-4 $725MM 10/15/2013		2003-5 $1,000MM 10/15/2008		2003-6 $2,000MM 11/15/2008		2004-1 $1,500MM 2/15/2007		2004-2 $1,750MM 6/15/2007
Yield	17.16	%	17.16	%	17.16	%	17.16	%	17.16	%	17.16	%
Less: Coupon	5.49	%	5.64	%	5.49	%	5.47	%	5.36	%	5.38	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	4.43	%	4.43	%	4.43	%	4.43	%	4.43	%	4.43	%
Excess Spread:
August-06	5.74	%	5.59	%	5.75	%	5.76	%	5.87	%	5.85	%
July-06	5.79	%	5.64	%	5.80	%	5.82	%	5.92	%	5.91	%
June-06	7.16	%	7.01	%	7.17	%	7.18	%	7.29	%	7.28	%
Three Month Average Excess Spread	6.23	%	6.08	%	6.24	%	6.25	%	6.36	%	6.35	%
Delinquency:
30 to 59 Days	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%
60 to 89 Days	0.71	%	0.71	%	0.71	%	0.71	%	0.71	%	0.71	%
90+ Days	1.62	%	1.62	%	1.62	%	1.62	%	1.62	%	1.62	%
Total	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%
Principal Payment Rate	18.61	%	18.61	%	18.61	%	18.61	%	18.61	%	18.61	%