Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis—August 2008

Series Deal Size Expected Maturity	2002-3 $1,500MM 6/15/2009		2003-4 $725MM 10/15/2013		2003-5(a) $1,000MM 10/15/2008		2003-6(a) $2,000MM 11/15/2008
Yield	15.52	%	15.52	%	16.63	%	16.26	%
Less: Coupon	2.71	%	2.80	%	2.65	%	2.63	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	5.50	%	5.50	%	5.50	%	5.50	%
Excess Spread:
August-08	5.81	%	5.72	%	6.98	%	6.63	%
July-08	6.93	%	6.84	%	6.99	%	7.02	%
June-08	6.80	%	6.71	%	6.86	%	6.89	%
Three Month Average Excess Spread	6.51	%	6.42	%	6.94	%	6.85	%
Delinquency:
30 to 59 Days	0.95	%	0.95	%	0.95	%	0.95	%
60 to 89 Days	0.68	%	0.68	%	0.68	%	0.68	%
90+ Days	1.62	%	1.62	%	1.62	%	1.62	%
Total	3.25	%	3.25	%	3.25	%	3.25	%
Principal Payment Rate	16.70	%	16.70	%	16.70	%	16.70	%

(a) series in Controlled Accumulation Period