Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2)

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

31-0841368

I.R.S. Employer Identification No.

800 Nicollet Mall Minneapolis, Minnesota	55402
(Address of principal executive offices)	(Zip Code)

Richard Prokosch

U.S. Bank National Association

60 Livingston Avenue

St. Paul, MN 55107

(651) 495-3918

(Name, address and telephone number of agent for service)

Costco Wholesale Corporation

(Issuer with respect to the Securities)

Washington	91-1223280
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

999 Lake Drive Issaquah, Washington	98027
(Address of Principal Executive Offices)	(Zip Code)

Debt Securities

(Title of the Indenture Securities)

FORM T-1

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Washington, D.C.

b) Whether it is authorized to exercise corporate trust powers.

Yes

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

1. A copy of the Articles of Association of the Trustee.*

2. A copy of the certificate of authority of the Trustee to commence business.*

3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

4. A copy of the existing bylaws of the Trustee.*

5. A copy of each Indenture referred to in Item 4. Not applicable.

6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

7. Report of Condition of the Trustee as of September 30, 2006 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 9th of February, 2007.

By:	/S/    RICHARD PROKOSCH
	Richard Prokosch Vice President

By:	/S/    RAYMOND HAVERSTOCK
	Raymond Haverstock Vice President

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Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: February 9, 2007

By:	/S/    RICHARD PROKOSCH
	Richard Prokosch Vice President

By:	/S/    RAYMOND HAVERSTOCK
	Raymond Haverstock Vice President

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 9/30/2006

($000’s)

	9/30/2006
Assets
Cash and Due From Depository Institutions	$	6,436,856
Securities		39,245,651
Federal Funds		3,475,844
Loans & Lease Financing Receivables		141,382,736
Fixed Assets		2,629,727
Intangible Assets		11,923,005
Other Assets		10,799,396
Total Assets	$	215,893,215
Liabilities
Deposits	$	133,945,028
Fed Funds		12,987,134
Treasury Demand Notes		0
Trading Liabilities		166,479
Other Borrowed Money		31,884,451
Acceptances		0
Subordinated Notes and Debentures		6,909,696
Other Liabilities		7,674,530
Total Liabilities	$	193,567,318
Equity
Minority Interest in Subsidiaries	$	1,044,165
Common and Preferred Stock		18,200
Surplus		11,977,237
Undivided Profits		9,286,295
Total Equity Capital	$	22,325,897
Total Liabilities and Equity Capital	$	215,893,215

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association
By:	/S/    RICHARD PROKOSCH
	Vice President

Date: February 9, 2007

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