Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - August 2007

Series Deal Size Expected Maturity	2002-3 $1,500MM 6/15/2009		2002-7 $750MM 11/15/2007		2003-2 $1,340MM 4/15/2008		2003-3 $1,425MM 7/15/2008		2003-4 $725MM 10/15/2013		2003-5 $1,000MM 10/15/2008
Yield	17.61	%	17.61	%	17.61	%	17.61	%	17.61	%	17.61	%
Less: Coupon	5.83	%	5.81	%	5.80	%	5.78	%	5.92	%	5.77	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	3.95	%	3.95	%	3.95	%	3.95	%	3.95	%	3.95	%
Excess Spread:
August-07	6.33	%	6.35	%	6.36	%	6.38	%	6.24	%	6.39	%
July-07	6.86	%	6.88	%	6.89	%	6.91	%	6.76	%	6.92	%
June-07	6.18	%	6.21	%	6.22	%	6.24	%	6.09	%	6.24	%
Three Month Average Excess Spread	6.46	%	6.48	%	6.49	%	6.51	%	6.36	%	6.52	%
Delinquency:
30 to 59 Days	0.93	%	0.93	%	0.93	%	0.93	%	0.93	%	0.93	%
60 to 89 Days	0.65	%	0.65	%	0.65	%	0.65	%	0.65	%	0.65	%
90+ Days	1.42	%	1.42	%	1.42	%	1.42	%	1.42	%	1.42	%
Total	3.00	%	3.00	%	3.00	%	3.00	%	3.00	%	3.00	%
Principal Payment Rate	18.73	%	18.73	%	18.73	%	18.73	%	18.73	%	18.73	%
Series Deal Size Expected Maturity	2003-6 $2,000MM 11/15/2008
Yield	17.61	%
Less: Coupon	5.75	%
Servicing Fee	1.50	%
Net Credit Losses	3.95	%
Excess Spread:
August-07	6.41	%
July-07	6.93	%
June-07	6.26	%
Three Month Average Excess Spread	6.53	%
Delinquency:
30 to 59 Days	0.93	%
60 to 89 Days	0.65	%
90+ Days	1.42	%
Total	3.00	%
Principal Payment Rate	18.73	%