Exhibit 99.1

Chase Issuance Trust

Excess Spread Analysis

	Oct-05		Sep-05		Aug-05
Yield	15.29	%	15.60	%	15.64	%
Less: Coupon	4.09	%	3.89	%	3.75	%
Servicing Fee	1.50	%	1.50	%	1.50	%
Net Credit Losses	4.91	%	4.42	%	4.92	%
Excess Spread	4.79	%	5.79	%	5.47	%
Three Month Average Excess Spread	5.35	%	5.65	%	5.67	%
Delinquency:
30 to 59 days	1.10	%	1.02	%	1.03	%
60 to 89 days	0.70	%	0.68	%	0.69	%
90 + days	1.41	%	1.36	%	1.40	%
Total	3.21	%	3.06	%	3.12	%
Principal Payment Rate	18.54	%	18.64	%	19.11	%