EX-99.3 4 dex993.htm CHASESERIES MONTHLY NOTEHOLDERS' STATEMENT CHASEseries Monthly Noteholders' Statement

 

Exhibit 99.3

 

CHASE ISSUANCE TRUST

(formerly Bank One Issuance Trust)

Form of CHASEseries Monthly Noteholders’ Statement

 

Monthly Period: December 2004

 

The undersigned, a duly authorized representative of Chase Manhattan Bank USA, National Association (the “Bank”), formerly Bank One Delaware, National Association, as Servicer pursuant to the Amended and Restated Transfer and Servicing Agreement, dated as of October 15, 2004 (the “Transfer and Servicing Agreement”), among the Bank, as Transferor, Servicer and Administrator Chase Issuance Trust, as Issuer, and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent, does hereby certify as follows:

 

A. Information Regarding the Current Distribution to Noteholders

 

1. The total amount of the distribution to Noteholders on the Payment Date per $1,000 Initial Outstanding Dollar Principal Amount

 

Tranche    Amount

Class A (2002-01)

    2.37292

Class A (2002-02)

    3.46667

Class A (2002-03)

    2.99167

Class A (2002-04)

    2.45000

Class A (2002-05)

    2.38236

Class A (2002-06)

    2.44847

Class A (2003-01)

    2.38236

Class A (2003-02)

    2.31625

Class A (2003-03)

    2.37292

Class A (2003-04)

    2.50514

Class A (2003-05)

    2.31625

Class A (2003-06)

    2.37292

Class A (2003-07)

    2.79167

Class A (2003-08)

    2.50514

Class A (2003-09)

    3.21667

Class A (2003-10)

    2.37292

Class A (2004-01)

    2.87500

Class A (2004-02)

    2.29736

Class A (2004-03)

    2.42958

Class A (2004-04)

    2.30681

Class A (2004-05)

    2.39181

Class A (2004-06)

    3.28333

Class A (2004-07)

    2.38236

Class A (2004-08)

    2.38236

Class A (2004-09)

    2.68333

Class A (2004-10)

    2.28792

Class B (2002-01)

    2.62792

Class B (2002-02)

    2.59014

Class B (2002-03)

    2.60903

Class B (2003-01)

    2.61847

Class B (2003-02)

    2.48625

Class B (2003-03)

    2.57125

Class B (2004-01)

    2.57125

Class B (2004-02)

    3.64167

Class C (2002-01)

    3.17569

Class C (2002-02)

    3.20403

Class C (2002-03)

    3.13333

Class C (2003-01)

    3.78333

Class C (2003-02)

    3.34569

Class C (2003-03)

    3.97500

Class C (2003-04)

    3.24181

Class C (2004-01)

    2.74125

Class C (2004-02)

    3.02458

Class C (2004-03)

    2.71292

 

2. The amount of the distribution set forth in item 1 in respect of interest on the Notes, per 0 Initial Outstanding Dollar Principal Amount

 

Tranche    Amount

Class A (2002-01)

    2.37292

Class A (2002-02)

    3.46667

Class A (2002-03)

    2.99167

Class A (2002-04)

    2.45000

Class A (2002-05)

    2.38236

Class A (2002-06)

    2.44847

Class A (2003-01)

    2.38236

Class A (2003-02)

    2.31625

Class A (2003-03)

    2.37292

Class A (2003-04)

    2.50514

Class A (2003-05)

    2.31625

Class A (2003-06)

    2.37292

Class A (2003-07)

    2.79167

Class A (2003-08)

    2.50514

Class A (2003-09)

    3.21667

Class A (2003-10)

    2.37292

Class A (2004-01)

    2.87500

Class A (2004-02)

    2.29736

Class A (2004-03)

    2.42958

Class A (2004-04)

    2.30681

Class A (2004-05)

    2.39181

Class A (2004-06)

    3.28333

Class A (2004-07)

    2.38236

Class A (2004-08)

    2.38236

Class A (2004-09)

    2.68333

Class A (2004-10)

    2.28792

Class B (2002-01)

    2.62792

Class B (2002-02)

    2.59014

Class B (2002-03)

    2.60903

Class B (2003-01)

    2.61847

Class B (2003-02)

    2.48625

Class B (2003-03)

    2.57125

Class B (2004-01)

    2.57125

Class B (2004-02)

    3.64167

Class C (2002-01)

    3.17569

Class C (2002-02)

    3.20403

Class C (2002-03)

    3.13333

Class C (2003-01)

    3.78333

Class C (2003-02)

    3.34569

Class C (2003-03)

    3.97500

Class C (2003-04)

    3.24181

Class C (2004-01)

    2.74125

Class C (2004-02)

    3.02458

Class C (2004-03)

    2.71292

 

3. The amount of the distribution set forth in item 1 in respect of principal on the Notes, per $1,000 Initial Outstanding Dollar Principal Amount

 

Tranche    Amount

Class A (2002-01)

    0.00000

Class A (2002-02)

    0.00000

Class A (2002-03)

    0.00000

Class A (2002-04)

    0.00000

Class A (2002-05)

    0.00000

Class A (2002-06)

    0.00000

Class A (2003-01)

    0.00000

Class A (2003-02)

    0.00000

Class A (2003-03)

    0.00000

Class A (2003-04)

    0.00000

Class A (2003-05)

    0.00000

Class A (2003-06)

    0.00000

Class A (2003-07)

    0.00000

Class A (2003-08)

    0.00000

Class A (2003-09)

    0.00000

Class A (2003-10)

    0.00000

Class A (2004-01)

    0.00000

Class A (2004-02)

    0.00000

Class A (2004-03)

    0.00000

Class A (2004-04)

    0.00000

Class A (2004-05)

    0.00000

Class A (2004-06)

    0.00000

Class A (2004-07)

    0.00000

Class A (2004-08)

    0.00000

Class A (2004-09)

    0.00000

Class A (2004-10)

    0.00000

Class B (2002-01)

    0.00000

Class B (2002-02)

    0.00000

Class B (2002-03)

    0.00000

Class B (2003-01)

    0.00000

Class B (2003-02)

    0.00000

Class B (2003-03)

    0.00000

Class B (2004-01)

    0.00000

Class B (2004-02)

    0.00000

Class C (2002-01)

    0.00000

Class C (2002-02)

    0.00000

Class C (2002-03)

    0.00000

Class C (2003-01)

    0.00000

Class C (2003-02)

    0.00000

Class C (2003-03)

    0.00000

Class C (2003-04)

    0.00000

Class C (2004-01)

    0.00000

Class C (2004-02)

    0.00000

Class C (2004-03)

    0.00000

 

B. Information regarding the Tranches of Notes of the CHASEseries

 

1. Outstanding Dollar Principal Amount and Nominal Liquidation Amount of Tranches of Notes of the CHASEseries for the related Monthly Period

 

Tranche    Initial Outstanding
Dollar Principal
Amount		    Outstanding Dollar
Principal Amount		    Adjusted
Outstanding Dollar
Principal Amount		    Nominal Liquidation
Amount

Class A (2002-01)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2002-02)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2002-03)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2002-04)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2002-05)

    850,000,000.00    850,000,000.00    850,000,000.00    850,000,000.00

Class A (2002-06)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2003-01)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2003-02)

    1,500,000,000.00    1,500,000,000.00    1,500,000,000.00    1,500,000,000.00

Class A (2003-03)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2003-04)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2003-05)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2003-06)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2003-07)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2003-08)

    525,000,000.00    525,000,000.00    525,000,000.00    525,000,000.00

Class A (2003-09)

    650,000,000.00    650,000,000.00    650,000,000.00    650,000,000.00

Class A (2003-10)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2004-01)

    650,000,000.00    650,000,000.00    650,000,000.00    650,000,000.00

Class A (2004-02)

    2,000,000,000.00    2,000,000,000.00    2,000,000,000.00    2,000,000,000.00

Class A (2004-03)

    675,000,000.00    675,000,000.00    675,000,000.00    675,000,000.00

Class A (2004-04)

    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00    1,250,000,000.00

Class A (2004-05)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2004-06)

    550,000,000.00    550,000,000.00    550,000,000.00    550,000,000.00

Class A (2004-07)

    1,200,000,000.00    1,200,000,000.00    1,200,000,000.00    1,200,000,000.00

Class A (2004-08)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00

Class A (2004-09)

    1,150,000,000.00    1,150,000,000.00    1,150,000,000.00    1,150,000,000.00

Class A (2004-10)

    850,000,000.00    850,000,000.00    850,000,000.00    850,000,000.00
    
  
  
  

Total Class A

    23,200,000,000.00    23,200,000,000.00    23,200,000,000.00    23,200,000,000.00

Class B (2002-01)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2002-02)

    275,000,000.00    275,000,000.00    275,000,000.00    275,000,000.00

Class B (2002-03)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class B (2003-01)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class B (2003-02)

    125,000,000.00    125,000,000.00    125,000,000.00    125,000,000.00

Class B (2003-03)

    275,000,000.00    275,000,000.00    275,000,000.00    275,000,000.00

Class B (2004-01)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2004-02)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00
    
  
  
  

Total Class B

    2,175,000,000.00    2,175,000,000.00    2,175,000,000.00    2,175,000,000.00

Class C (2002-01)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2002-02)

    225,000,000.00    225,000,000.00    225,000,000.00    225,000,000.00

Class C (2002-03)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2003-01)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class C (2003-02)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2003-03)

    400,000,000.00    400,000,000.00    400,000,000.00    400,000,000.00

Class C (2003-04)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class C (2004-01)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class C (2004-02)

    165,000,000.00    165,000,000.00    165,000,000.00    165,000,000.00

Class C (2004-03)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00
    
  
  
  

Total Class C

    2,090,000,000.00    2,090,000,000.00    2,090,000,000.00    2,090,000,000.00

Total

    27,465,000,000.00    27,465,000,000.00    27,465,000,000.00    27,465,000,000.00

 

2. Nominal Liquidation Amount of Notes of the CHASEseries

 

Tranche    Beginning Nominal
Liquidation Amount		    Increases
from accretion
of Principal
for Discount
Notes		    Increases
from
amounts
withdrawn
from the
Principal
Funding
Subaccounts
in respect of
Prefunding
Excess
Amounts		    Reimbursements
of prior Nominal
Liquidation
Amount Deficits
from Available
Finance Charge
Collections		    Reductions
due to
reallocations
of Available
Principal
Collections
and Investor
Charge-Offs		    Reductions
due to
amounts
deposited to
the
Principal
Funding
Subaccounts		    Ending Nominal
Liquidation Amount

Class A (2002-01)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2002-02)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2002-03)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2002-04)

    750,000,000.00    0.00    0.00    0.00    0.00    0.00    750,000,000.00

Class A (2002-05)

    850,000,000.00    0.00    0.00    0.00    0.00    0.00    850,000,000.00

Class A (2002-06)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-01)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-02)

    1,500,000,000.00    0.00    0.00    0.00    0.00    0.00    1,500,000,000.00

Class A (2003-03)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2003-04)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-05)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-06)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2003-07)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class A (2003-08)

    525,000,000.00    0.00    0.00    0.00    0.00    0.00    525,000,000.00

Class A (2003-09)

    650,000,000.00    0.00    0.00    0.00    0.00    0.00    650,000,000.00

Class A (2003-10)

    1,000,000,000.00    0.00    0.00    0.00    0.00    0.00    1,000,000,000.00

Class A (2004-01)

    650,000,000.00    0.00    0.00    0.00    0.00    0.00    650,000,000.00

Class A (2004-02)

    2,000,000,000.00    0.00    0.00    0.00    0.00    0.00    2,000,000,000.00

Class A (2004-03)

    675,000,000.00    0.00    0.00    0.00    0.00    0.00    675,000,000.00

Class A (2004-04)

    1,250,000,000.00    0.00    0.00    0.00    0.00    0.00    1,250,000,000.00

Class A (2004-05)

    750,000,000.00    0.00    0.00    0.00    0.00    0.00    750,000,000.00

Class A (2004-06)

    550,000,000.00    0.00    0.00    0.00    0.00    0.00    550,000,000.00

Class A (2004-07)

    1,200,000,000.00    0.00    0.00    0.00    0.00    0.00    1,200,000,000.00

Class A (2004-08)

    350,000,000.00    0.00    0.00    0.00    0.00    0.00    350,000,000.00

Class A (2004-09)

    1,150,000,000.00    0.00    0.00    0.00    0.00    0.00    1,150,000,000.00

Class A (2004-10)

    850,000,000.00    0.00    0.00    0.00    0.00    0.00    850,000,000.00
    
  
  
  
  
  
  

Total Class A

    23,200,000,000.00    0.00    0.00    0.00    0.00    0.00    23,200,000,000.00

Class B (2002-01)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class B (2002-02)

    275,000,000.00    0.00    0.00    0.00    0.00    0.00    275,000,000.00

Class B (2002-03)

    500,000,000.00    0.00    0.00    0.00    0.00    0.00    500,000,000.00

Class B (2003-01)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00

Class B (2003-02)

    125,000,000.00    0.00    0.00    0.00    0.00    0.00    125,000,000.00

Class B (2003-03)

    275,000,000.00    0.00    0.00    0.00    0.00    0.00    275,000,000.00

Class B (2004-01)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class B (2004-02)

    300,000,000.00    0.00    0.00    0.00    0.00    0.00    300,000,000.00
    
  
  
  
  
  
  

Total Class B

    2,175,000,000.00    0.00    0.00    0.00    0.00    0.00    2,175,000,000.00

Class C (2002-01)

    250,000,000.00    0.00    0.00    0.00    0.00    0.00    250,000,000.00

Class C (2002-02)

    225,000,000.00    0.00    0.00    0.00    0.00    0.00    225,000,000.00

Class C (2002-03)

    175,000,000.00    0.00    0.00    0.00    0.00    0.00    175,000,000.00

Class C (2003-01)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00

Class C (2003-02)

    175,000,000.00    0.00    0.00    0.00    0.00    0.00    175,000,000.00

Class C (2003-03)

    400,000,000.00    0.00    0.00    0.00    0.00    0.00    400,000,000.00

Class C (2003-04)

    150,000,000.00    0.00    0.00    0.00    0.00    0.00    150,000,000.00

Class C (2004-01)

    150,000,000.00    0.00    0.00    0.00    0.00    0.00    150,000,000.00

Class C (2004-02)

    165,000,000.00    0.00    0.00    0.00    0.00    0.00    165,000,000.00

Class C (2004-03)

    200,000,000.00    0.00    0.00    0.00    0.00    0.00    200,000,000.00
    
  
  
  
  
  
  

Total Class C

    2,090,000,000.00    0.00    0.00    0.00    0.00    0.00    2,090,000,000.00

Total

    27,465,000,000.00    0.00    0.00    0.00    0.00    0.00    27,465,000,000.00

 

3. CHASEseries Interest Funding Account Sub-Accounts

 

Tranche    Beginning
Interest
Funding
Subaccount
Balance		    Targeted deposit
to the Interest
Funding
Subaccount with
respect to the
current period		    Previous
shortfalls
of targeted
deposits to
the Interest
Funding
Subaccount		    Actual deposit
to the Interest
Funding
Subaccount		    Amount
withdrawn from
the Interest
Funding
Subaccount for
payment to
Noteholders		     Other
Withdrawals		    Ending
Interest
Funding
Subaccount
Balance

Class A (2002-01)

    0.00    2,372,916.67    0.00    2,372,916.67    (2,372,916.67 )   0.00    0.00

Class A (2002-02)

    0.00    4,333,333.33    0.00    4,333,333.33    (4,333,333.33 )   0.00    0.00

Class A (2002-03)

    0.00    1,495,833.33    0.00    1,495,833.33    (1,495,833.33 )   0.00    0.00

Class A (2002-04)

    0.00    1,837,500.00    0.00    1,837,500.00    (1,837,500.00 )   0.00    0.00

Class A (2002-05)

    0.00    2,025,006.94    0.00    2,025,006.94    (2,025,006.94 )   0.00    0.00

Class A (2002-06)

    0.00    1,224,236.11    0.00    1,224,236.11    (1,224,236.11 )   0.00    0.00

Class A (2003-01)

    0.00    2,382,361.11    0.00    2,382,361.11    (2,382,361.11 )   0.00    0.00

Class A (2003-02)

    0.00    3,474,375.00    0.00    3,474,375.00    (3,474,375.00 )   0.00    0.00

Class A (2003-03)

    0.00    2,966,145.83    0.00    2,966,145.83    (2,966,145.83 )   0.00    0.00

Class A (2003-04)

    0.00    1,252,569.44    0.00    1,252,569.44    (1,252,569.44 )   0.00    0.00

Class A (2003-05)

    0.00    2,316,250.00    0.00    2,316,250.00    (2,316,250.00 )   0.00    0.00

Class A (2003-06)

    0.00    2,372,916.67    0.00    2,372,916.67    (2,372,916.67 )   0.00    0.00

Class A (2003-07)

    0.00    1,395,833.33    0.00    1,395,833.33    (1,395,833.33 )   0.00    0.00

Class A (2003-08)

    0.00    1,315,197.92    0.00    1,315,197.92    (1,315,197.92 )   0.00    0.00

Class A (2003-09)

    0.00    2,090,833.33    0.00    2,090,833.33    (2,090,833.33 )   0.00    0.00

Class A (2003-10)

    0.00    2,372,916.67    0.00    2,372,916.67    (2,372,916.67 )   0.00    0.00

Class A (2004-01)

    0.00    1,868,750.00    0.00    1,868,750.00    (1,868,750.00 )   0.00    0.00

Class A (2004-02)

    0.00    4,594,722.22    0.00    4,594,722.22    (4,594,722.22 )   0.00    0.00

Class A (2004-03)

    0.00    1,639,968.75    0.00    1,639,968.75    (1,639,968.75 )   0.00    0.00

Class A (2004-04)

    0.00    2,883,506.94    0.00    2,883,506.94    (2,883,506.94 )   0.00    0.00

Class A (2004-05)

    0.00    1,793,854.17    0.00    1,793,854.17    (1,793,854.17 )   0.00    0.00

Class A (2004-06)

    0.00    1,805,833.33    0.00    1,805,833.33    (1,805,833.33 )   0.00    0.00

Class A (2004-07)

    0.00    2,858,833.33    0.00    2,858,833.33    (2,858,833.33 )   0.00    0.00

Class A (2004-08)

    0.00    833,826.39    0.00    833,826.39    (833,826.39 )   0.00    0.00

Class A (2004-09)

    0.00    3,085,833.33    0.00    3,085,833.33    (3,085,833.33 )   0.00    0.00

Class A (2004-10)

    0.00    1,944,729.17    0.00    1,944,729.17    (1,944,729.17 )   0.00    0.00
    
  
  
  
  
 
  

Total Class A

    0.00    58,538,083.31    0.00    58,538,083.31    (58,538,083.31 )   0.00    0.00

Class B (2002-01)

    0.00    656,979.17    0.00    656,979.17    (656,979.17 )   0.00    0.00

Class B (2002-02)

    0.00    712,288.19    0.00    712,288.19    (712,288.19 )   0.00    0.00

Class B (2002-03)

    0.00    1,304,513.89    0.00    1,304,513.89    (1,304,513.89 )   0.00    0.00

Class B (2003-01)

    0.00    523,694.44    0.00    523,694.44    (523,694.44 )   0.00    0.00

Class B (2003-02)

    0.00    310,781.25    0.00    310,781.25    (310,781.25 )   0.00    0.00

Class B (2003-03)

    0.00    707,093.75    0.00    707,093.75    (707,093.75 )   0.00    0.00

Class B (2004-01)

    0.00    642,812.50    0.00    642,812.50    (642,812.50 )   0.00    0.00

Class B (2004-02)

    0.00    1,092,500.00    0.00    1,092,500.00    (1,092,500.00 )   0.00    0.00
    
  
  
  
  
 
  

Total Class B

    0.00    5,950,663.19    0.00    5,950,663.19    (5,950,663.19 )   0.00    0.00

Class C (2002-01)

    0.00    793,923.61    0.00    793,923.61    (793,923.61 )   0.00    0.00

Class C (2002-02)

    0.00    720,906.25    0.00    720,906.25    (720,906.25 )   0.00    0.00

Class C (2002-03)

    0.00    548,333.33    0.00    548,333.33    (548,333.33 )   0.00    0.00

Class C (2003-01)

    0.00    756,666.67    0.00    756,666.67    (756,666.67 )   0.00    0.00

Class C (2003-02)

    0.00    585,496.53    0.00    585,496.53    (585,496.53 )   0.00    0.00

Class C (2003-03)

    0.00    1,590,000.00    0.00    1,590,000.00    (1,590,000.00 )   0.00    0.00

Class C (2003-04)

    0.00    486,270.83    0.00    486,270.83    (486,270.83 )   0.00    0.00

Class C (2004-01)

    0.00    411,187.50    0.00    411,187.50    (411,187.50 )   0.00    0.00

Class C (2004-02)

    0.00    499,056.25    0.00    499,056.25    (499,056.25 )   0.00    0.00

Class C (2004-03)

    0.00    542,583.33    0.00    542,583.33    (542,583.33 )   0.00    0.00
    
  
  
  
  
 
  

Total Class C

    0.00    6,934,424.30    0.00    6,934,424.30    (6,934,424.30 )   0.00    0.00

Total

    0.00    71,423,170.80    0.00    71,423,170.80    (71,423,170.80 )   0.00    0.00

 

4. CHASEseries Principal Funding Account Sub-Accounts

 

Tranche    Beginning
Principal
Funding
Subaccount
Balance		    Targeted
deposit to
the Principal
Funding
Subaccount
with respect
to the
current
period		    Previous
shortfalls of
targeted
deposits to
the Principal
Funding
Subaccount		    Actual
deposit to
the Principal
Funding
Subaccount		    Amount
withdrawn
from the
Principal
Funding
Subaccount
for payment
to Noteholders		    Other
Withdrawals		    Ending
Principal
Funding
Subaccount
Balance

Class A (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-05)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2002-06)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-05)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-06)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-07)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-08)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-09)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2003-10)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-05)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-06)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-07)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-08)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-09)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class A (2004-10)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class A

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class B (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class B

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class C

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Total

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

 

5. CHASEseries Class C Reserve Sub-Accounts

 

Tranche    Beginning
Class C
Reserve
Subaccount
Balance		    Class C
Reserve
Subaccount
earnings
for the
current
period		    Targeted
deposit to
the Class C
Reserve
Subaccount		    Actual
deposit to
the Class C
Reserve
Subaccount,
including
Excess
Amounts		    Amount
withdrawn
in respect
of payment
of interest
or principal
to
Noteholders		    Withdrawal
of Excess
Amounts
pursuant to
subsection
3.25(c) of
the
Indenture
Supplement		    Ending
Class C
Reserve
Subaccount
Balance

Class C (2002-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2002-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2003-04)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-01)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-02)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Class C (2004-03)

    0.00    0.00    0.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  
  

Total Class C

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

Total

    0.00    0.00    0.00    0.00    0.00    0.00    0.00

 

6. Class A Required Subordinated Amount of Class B and Class C Notes and Class A Usage of Class B and Class C Required Subordinated Amounts

 

Tranche    Required
Subordinated
Amount of Class B
Notes as of the close
of business on the
related Note
Transfer Date		    Required
Subordinated
Amount of Class C
Notes as of the close
of business on the
related Note
Transfer Date		    Class A
Usage of
Class B
Required
Subordinated
Amount for
the current
period		    Class A
Usage of
Class C
Required
Subordinated
Amount for
the current
period		    Cumulative
Class A
Usage of
Class B
Required
Subordinated
Amount		    Cumulative
Class A
Usage of
Class C
Required
Subordinated
Amount

Class A (2002-01)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2002-02)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2002-03)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2002-04)

    63,596,475.00    63,596,475.00    0.00    0.00    0.00    0.00

Class A (2002-05)

    72,076,005.00    72,076,005.00    0.00    0.00    0.00    0.00

Class A (2002-06)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-01)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-02)

    127,192,950.00    127,192,950.00    0.00    0.00    0.00    0.00

Class A (2003-03)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2003-04)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-05)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-06)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2003-07)

    42,397,650.00    42,397,650.00    0.00    0.00    0.00    0.00

Class A (2003-08)

    44,517,532.50    44,517,532.50    0.00    0.00    0.00    0.00

Class A (2003-09)

    55,116,945.00    55,116,945.00    0.00    0.00    0.00    0.00

Class A (2003-10)

    84,795,300.00    84,795,300.00    0.00    0.00    0.00    0.00

Class A (2004-01)

    55,116,945.00    55,116,945.00    0.00    0.00    0.00    0.00

Class A (2004-02)

    169,590,600.00    169,590,600.00    0.00    0.00    0.00    0.00

Class A (2004-03)

    57,236,827.50    57,236,827.50    0.00    0.00    0.00    0.00

Class A (2004-04)

    105,994,125.00    105,994,125.00    0.00    0.00    0.00    0.00

Class A (2004-05)

    63,596,475.00    63,596,475.00    0.00    0.00    0.00    0.00

Class A (2004-06)

    46,637,415.00    46,637,415.00    0.00    0.00    0.00    0.00

Class A (2004-07)

    101,754,360.00    101,754,360.00    0.00    0.00    0.00    0.00

Class A (2004-08)

    29,678,355.00    29,678,355.00    0.00    0.00    0.00    0.00

Class A (2004-09)

    97,514,595.00    97,514,595.00    0.00    0.00    0.00    0.00

Class A (2004-10)

    72,076,005.00    72,076,005.00    0.00    0.00    0.00    0.00
    
  
  
  
  
  

Total

    1,967,250,960.00    1,967,250,960.00    0.00    0.00    0.00    0.00

 

7. Class B Required Subordinated Amount of Class C Notes and Class B Usage of Class C Required Subordinated Amounts

 

Tranche    Required
Subordinated
Amount of Class C
Notes as of the close
of business on the
related Note
Transfer Date		    Class B Usage
of Class C
Required
Subordinated
Amount for
the current
period		    Cumulative
Class B
Usage of
Class C
Required
Subordinated
Amount

Class B (2002-01)

    227,987,367.81    0.00    0.00

Class B (2002-02)

    250,786,104.60    0.00    0.00

Class B (2002-03)

    455,974,735.63    0.00    0.00

Class B (2003-01)

    182,389,894.25    0.00    0.00

Class B (2003-02)

    113,993,683.91    0.00    0.00

Class B (2003-03)

    250,786,104.60    0.00    0.00

Class B (2004-01)

    227,987,367.81    0.00    0.00

Class B (2004-02)

    273,584,841.38    0.00    0.00
    
  
  

Total

    1,983,490,099.99    0.00    0.00

 

C. Information regarding the performance of the CHASEseries

 

     Current Monthly Period
     Prior Monthly Period
     2nd Prior Monthly Period
  

Portfolio Yield

    9.72 %   9.53 %   10.87 %

Less: Base Rate

    4.37 %   4.13 %   3.96 %
    
 
 

Excess Spread

    5.35 %   5.40 %   6.91 %

Three Month Average Excess Spread

    5.89 %            

Principal Payment Rate

    18.30 %            

 

CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, as Servicer

By:

  

LOGO

 

    Patricia Garvey
    Vice President