CHASEseries Monthly Noteholders' Statement

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

Exhibit 99.3

CHASE ISSUANCE TRUST

Form of CHASEseries Monthly Noteholders’ Statement

Monthly Period: December 2010

The undersigned, a duly authorized representative of Chase Bank USA, National Association (the “Bank”), as Servicer pursuant to the Third Amended and Restated Transfer and Servicing Agreement, dated as of December 19, 2007 (as amended, supplemented or otherwise modified, the “Transfer and Servicing Agreement”), among the Bank, as Transferor, Servicer and Administrator , Chase Issuance Trust, as Issuing Entity, and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent, does hereby certify as

A.	Information Regarding the Current Distribution to Noteholders

1.	The total amount of the distribution to Noteholders on the Distribution Date January 18, 2011 per $1,000 Initial Outstanding Dollar Principal Amount


Tranche			Amount

Class A (2003-04)			0.48196
Class A (2003-08)			0.48196
Class A (2004-03)			0.40640
Class A (2004-05)			0.36863
Class A (2004-07)			0.35918
Class A (2004-08)			0.35918
Class A (2005-02)			0.31196
Class A (2005-06)			0.31196
Class A (2005-07)			1,003.79167
Class A (2005-11)			0.31196
Class A (2006-01)			0.28363
Class A (2006-02)			4.30000
Class A (2006-04)			0.26474
Class A (2006-05)			0.26474
Class A (2006-06)			0.27418
Class A (2006-08)			0.30252
Class A (2007-01)			1,000.26474
Class A (2007-02)			0.29307
Class A (2007-03)			4.35833
Class A (2007-05)			0.28363
Class A (2007-07)			0.26474
Class A (2007-08)			0.26474
Class A (2007-09)			0.27418
Class A (2007-10)			0.28363
Class A (2007-12)			0.29307
Class A (2007-13)			0.28363
Class A (2007-16)			0.00000
Class A (2007-17)			4.26667
Class A (2007-18)			0.49140
Class A (2008-02)			1.09585
Class A (2008-03)			1.28474
Class A (2008-04)			3.87500
Class A (2008-06)			1.37918
Class A (2008-08)			1.37918
Class A (2008-09)			3.55000
Class A (2008-10)			0.95418
Class A (2008-11)			4.50000
Class A (2008-12)			1.47363
Class A (2008-13)			0.00000
Class A (2008-14)			1.75696
Class A (2009-02)			1.70974
Class A (2009-03)			2.00000

Class B (2005-03)			0.43474
Class B (2005-04)			0.45363
Class B (2005-05)			0.45363
Class B (2006-01)			0.38752
Class B (2007-01)			0.48196
Class B (2010-01)			0.88807
Class B (2010-02)			0.98252
Class B (2010-03)			1.15252

Class C (2003-03)			3.97500
Class C (2004-02)			1.00140
Class C (2005-02)			0.66140
Class C (2006-01)			0.62363
Class C (2006-02)			0.52918
Class C (2006-04)			0.51974
Class C (2007-01)			0.68029
Class C (2010-01)			1.43585
Class C (2010-02)			1.56807
Class C (2010-03)			1.75696

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


Tranche	Amount	Interest Rate

Class A (2003-04)	0.48196	0.51031	%
Class A (2003-08)	0.48196	0.51031	%
Class A (2004-03)	0.40640	0.43031	%
Class A (2004-05)	0.36863	0.39031	%
Class A (2004-07)	0.35918	0.38031	%
Class A (2004-08)	0.35918	0.38031	%
Class A (2005-02)	0.31196	0.33031	%
Class A (2005-06)	0.31196	0.33031	%
Class A (2005-07)	3.79167	4.55000	%
Class A (2005-11)	0.31196	0.33031	%
Class A (2006-01)	0.28363	0.30031	%
Class A (2006-02)	4.30000	5.16000	%
Class A (2006-04)	0.26474	0.28031	%
Class A (2006-05)	0.26474	0.28031	%
Class A (2006-06)	0.27418	0.29031	%
Class A (2006-08)	0.30252	0.32031	%
Class A (2007-01)	0.26474	0.28031	%
Class A (2007-02)	0.29307	0.31031	%
Class A (2007-03)	4.35833	5.23000	%
Class A (2007-05)	0.28363	0.30031	%
Class A (2007-07)	0.26474	0.28031	%
Class A (2007-08)	0.26474	0.28031	%
Class A (2007-09)	0.27418	0.29031	%
Class A (2007-10)	0.28363	0.30031	%
Class A (2007-12)	0.29307	0.31031	%
Class A (2007-13)	0.28363	0.30031	%
Class A (2007-16)	0.00000	0.60156	%
Class A (2007-17)	4.26667	5.12000	%
Class A (2007-18)	0.49140	0.52031	%
Class A (2008-02)	1.09585	1.16031	%
Class A (2008-03)	1.28474	1.36031	%
Class A (2008-04)	3.87500	4.65000	%
Class A (2008-06)	1.37918	1.46031	%
Class A (2008-08)	1.37918	1.46031	%
Class A (2008-09)	3.55000	4.26000	%
Class A (2008-10)	0.95418	1.01031	%
Class A (2008-11)	4.50000	5.40000	%
Class A (2008-12)	1.47363	1.56031	%
Class A (2008-13)	0.00000	1.80156	%
Class A (2008-14)	1.75696	1.86031	%
Class A (2009-02)	1.70974	1.81031	%
Class A (2009-03)	2.00000	2.40000	%

Class B (2005-03)	0.43474	0.46031	%
Class B (2005-04)	0.45363	0.48031	%
Class B (2005-05)	0.45363	0.48031	%
Class B (2006-01)	0.38752	0.41031	%
Class B (2007-01)	0.48196	0.51031	%
Class B (2010-01)	0.88807	0.94031	%
Class B (2010-02)	0.98252	1.04031	%
Class B (2010-03)	1.15252	1.22031	%

Class C (2003-03)	3.97500	4.77000	%
Class C (2004-02)	1.00140	1.06031	%
Class C (2005-02)	0.66140	0.70031	%
Class C (2006-01)	0.62363	0.66031	%
Class C (2006-02)	0.52918	0.56031	%
Class C (2006-04)	0.51974	0.55031	%
Class C (2007-01)	0.68029	0.72031	%
Class C (2010-01)	1.43585	1.52031	%
Class C (2010-02)	1.56807	1.66031	%
Class C (2010-03)	1.75696	1.86031	%

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 (2003-04)			0.00000
Class A (2003-08)			0.00000
Class A (2004-03)			0.00000
Class A (2004-05)			0.00000
Class A (2004-07)			0.00000
Class A (2004-08)			0.00000
Class A (2005-02)			0.00000
Class A (2005-06)			0.00000
Class A (2005-07)			1,000.00000
Class A (2005-11)			0.00000
Class A (2006-01)			0.00000
Class A (2006-02)			0.00000
Class A (2006-04)			0.00000
Class A (2006-05)			0.00000
Class A (2006-06)			0.00000
Class A (2006-08)			0.00000
Class A (2007-01)			1,000.00000
Class A (2007-02)			0.00000
Class A (2007-03)			0.00000
Class A (2007-05)			0.00000
Class A (2007-07)			0.00000
Class A (2007-08)			0.00000
Class A (2007-09)			0.00000
Class A (2007-10)			0.00000
Class A (2007-12)			0.00000
Class A (2007-13)			0.00000
Class A (2007-16)			0.00000
Class A (2007-17)			0.00000
Class A (2007-18)			0.00000
Class A (2008-02)			0.00000
Class A (2008-03)			0.00000
Class A (2008-04)			0.00000
Class A (2008-06)			0.00000
Class A (2008-08)			0.00000
Class A (2008-09)			0.00000
Class A (2008-10)			0.00000
Class A (2008-11)			0.00000
Class A (2008-12)			0.00000
Class A (2008-13)			0.00000
Class A (2008-14)			0.00000
Class A (2009-02)			0.00000
Class A (2009-03)			0.00000

Class B (2005-03)			0.00000
Class B (2005-04)			0.00000
Class B (2005-05)			0.00000
Class B (2006-01)			0.00000
Class B (2007-01)			0.00000
Class B (2010-01)			0.00000
Class B (2010-02)			0.00000
Class B (2010-03)			0.00000

Class C (2003-03)			0.00000
Class C (2004-02)			0.00000
Class C (2005-02)			0.00000
Class C (2006-01)			0.00000
Class C (2006-02)			0.00000
Class C (2006-04)			0.00000
Class C (2007-01)			0.00000
Class C (2010-01)			0.00000
Class C (2010-02)			0.00000
Class C (2010-03)			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 (2003-04)		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 (2004-03)		675,000,000.00		675,000,000.00		675,000,000.00		675,000,000.00
Class A (2004-05)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2004-07)		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 (2005-02)		600,000,000.00		600,000,000.00		600,000,000.00		600,000,000.00
Class A (2005-06)		825,000,000.00		825,000,000.00		825,000,000.00		825,000,000.00
Class A (2005-07)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2005-11)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2006-01)		3,100,000,000.00		3,100,000,000.00		3,100,000,000.00		3,100,000,000.00
Class A (2006-02)		425,000,000.00		425,000,000.00		425,000,000.00		425,000,000.00
Class A (2006-04)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2006-05)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2006-06)		200,000,000.00		200,000,000.00		200,000,000.00		200,000,000.00
Class A (2006-08)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2007-01)		2,000,000,000.00		2,000,000,000.00		2,000,000,000.00		2,000,000,000.00
Class A (2007-02)		400,000,000.00		400,000,000.00		400,000,000.00		400,000,000.00
Class A (2007-03)		450,000,000.00		450,000,000.00		450,000,000.00		450,000,000.00
Class A (2007-05)		470,000,000.00		470,000,000.00		470,000,000.00		470,000,000.00
Class A (2007-07)		215,000,000.00		215,000,000.00		215,000,000.00		215,000,000.00
Class A (2007-08)		200,000,000.00		200,000,000.00		200,000,000.00		200,000,000.00
Class A (2007-09)		1,000,000,000.00		1,000,000,000.00		1,000,000,000.00		1,000,000,000.00
Class A (2007-10)		1,050,000,000.00		1,050,000,000.00		1,050,000,000.00		1,050,000,000.00
Class A (2007-12)		405,000,000.00		405,000,000.00		405,000,000.00		405,000,000.00
Class A (2007-13)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2007-16)		625,000,000.00		625,000,000.00		625,000,000.00		625,000,000.00
Class A (2007-17)		2,000,000,000.00		2,000,000,000.00		2,000,000,000.00		2,000,000,000.00
Class A (2007-18)		2,000,000,000.00		2,000,000,000.00		2,000,000,000.00		2,000,000,000.00
Class A (2008-02)		1,035,000,000.00		1,035,000,000.00		1,035,000,000.00		1,035,000,000.00
Class A (2008-03)		910,000,000.00		910,000,000.00		910,000,000.00		910,000,000.00
Class A (2008-04)		830,000,000.00		830,000,000.00		830,000,000.00		830,000,000.00
Class A (2008-06)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2008-08)		800,000,000.00		800,000,000.00		800,000,000.00		800,000,000.00
Class A (2008-09)		1,500,000,000.00		1,500,000,000.00		1,500,000,000.00		1,500,000,000.00
Class A (2008-10)		1,250,000,000.00		1,250,000,000.00		1,250,000,000.00		1,250,000,000.00
Class A (2008-11)		400,000,000.00		400,000,000.00		400,000,000.00		400,000,000.00
Class A (2008-12)		570,000,000.00		570,000,000.00		570,000,000.00		570,000,000.00
Class A (2008-13)		565,000,000.00		565,000,000.00		565,000,000.00		565,000,000.00
Class A (2008-14)		250,000,000.00		250,000,000.00		250,000,000.00		250,000,000.00
Class A (2009-02)		5,000,000,000.00		5,000,000,000.00		5,000,000,000.00		5,000,000,000.00
Class A (2009-03)		1,000,000,000.00		1,000,000,000.00		1,000,000,000.00		1,000,000,000.00
Total Class A		39,075,000,000.00		39,075,000,000.00		39,075,000,000.00		39,075,000,000.00

Class B (2005-03)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class B (2005-04)		325,000,000.00		325,000,000.00		325,000,000.00		325,000,000.00
Class B (2005-05)		325,000,000.00		325,000,000.00		325,000,000.00		325,000,000.00
Class B (2006-01)		400,000,000.00		400,000,000.00		400,000,000.00		400,000,000.00
Class B (2007-01)		515,000,000.00		515,000,000.00		515,000,000.00		515,000,000.00
Class B (2010-01)		890,000,000.00		890,000,000.00		890,000,000.00		890,000,000.00
Class B (2010-02)		380,000,000.00		380,000,000.00		380,000,000.00		380,000,000.00
Class B (2010-03)		75,000,000.00		75,000,000.00		75,000,000.00		75,000,000.00
Total Class B		3,660,000,000.00		3,660,000,000.00		3,660,000,000.00		3,660,000,000.00

Class C (2003-03)		400,000,000.00		400,000,000.00		400,000,000.00		400,000,000.00
Class C (2004-02)		165,000,000.00		165,000,000.00		165,000,000.00		165,000,000.00
Class C (2005-02)		150,000,000.00		150,000,000.00		150,000,000.00		150,000,000.00
Class C (2006-01)		250,000,000.00		250,000,000.00		250,000,000.00		250,000,000.00
Class C (2006-02)		350,000,000.00		350,000,000.00		350,000,000.00		350,000,000.00
Class C (2006-04)		335,000,000.00		335,000,000.00		335,000,000.00		335,000,000.00
Class C (2007-01)		405,000,000.00		405,000,000.00		405,000,000.00		405,000,000.00
Class C (2010-01)		950,000,000.00		950,000,000.00		950,000,000.00		950,000,000.00
Class C (2010-02)		505,000,000.00		505,000,000.00		505,000,000.00		505,000,000.00
Class C (2010-03)		75,000,000.00		75,000,000.00		75,000,000.00		75,000,000.00
Total Class C		3,585,000,000.00		3,585,000,000.00		3,585,000,000.00		3,585,000,000.00

Total		46,320,000,000.00		46,320,000,000.00		46,320,000,000.00		46,320,000,000.00

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 (2003-04)		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 (2004-03)		675,000,000.00		0.00		0.00		0.00		0.00		0.00			675,000,000.00
Class A (2004-05)		750,000,000.00		0.00		0.00		0.00		0.00		0.00			750,000,000.00
Class A (2004-07)		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 (2005-02)		600,000,000.00		0.00		0.00		0.00		0.00		0.00			600,000,000.00
Class A (2005-06)		825,000,000.00		0.00		0.00		0.00		0.00		0.00			825,000,000.00
Class A (2005-07)		750,000,000.00		0.00		0.00		0.00		0.00		(750,000,000.00	)		0.00
Class A (2005-11)		750,000,000.00		0.00		0.00		0.00		0.00		0.00			750,000,000.00
Class A (2006-01)		3,100,000,000.00		0.00		0.00		0.00		0.00		0.00			3,100,000,000.00
Class A (2006-02)		425,000,000.00		0.00		0.00		0.00		0.00		0.00			425,000,000.00
Class A (2006-04)		750,000,000.00		0.00		0.00		0.00		0.00		0.00			750,000,000.00
Class A (2006-05)		750,000,000.00		0.00		0.00		0.00		0.00		0.00			750,000,000.00
Class A (2006-06)		200,000,000.00		0.00		0.00		0.00		0.00		0.00			200,000,000.00
Class A (2006-08)		500,000,000.00		0.00		0.00		0.00		0.00		0.00			500,000,000.00
Class A (2007-01)		2,000,000,000.00		0.00		0.00		0.00		0.00		(2,000,000,000.00	)		0.00
Class A (2007-02)		400,000,000.00		0.00		0.00		0.00		0.00		0.00			400,000,000.00
Class A (2007-03)		450,000,000.00		0.00		0.00		0.00		0.00		0.00			450,000,000.00
Class A (2007-05)		470,000,000.00		0.00		0.00		0.00		0.00		0.00			470,000,000.00
Class A (2007-07)		215,000,000.00		0.00		0.00		0.00		0.00		0.00			215,000,000.00
Class A (2007-08)		200,000,000.00		0.00		0.00		0.00		0.00		0.00			200,000,000.00
Class A (2007-09)		1,000,000,000.00		0.00		0.00		0.00		0.00		0.00			1,000,000,000.00
Class A (2007-10)		1,050,000,000.00		0.00		0.00		0.00		0.00		0.00			1,050,000,000.00
Class A (2007-12)		405,000,000.00		0.00		0.00		0.00		0.00		0.00			405,000,000.00
Class A (2007-13)		750,000,000.00		0.00		0.00		0.00		0.00		0.00			750,000,000.00
Class A (2007-16)		625,000,000.00		0.00		0.00		0.00		0.00		0.00			625,000,000.00
Class A (2007-17)		2,000,000,000.00		0.00		0.00		0.00		0.00		0.00			2,000,000,000.00
Class A (2007-18)		2,000,000,000.00		0.00		0.00		0.00		0.00		0.00			2,000,000,000.00
Class A (2008-02)		1,035,000,000.00		0.00		0.00		0.00		0.00		0.00			1,035,000,000.00
Class A (2008-03)		910,000,000.00		0.00		0.00		0.00		0.00		0.00			910,000,000.00
Class A (2008-04)		830,000,000.00		0.00		0.00		0.00		0.00		0.00			830,000,000.00
Class A (2008-06)		750,000,000.00		0.00		0.00		0.00		0.00		0.00			750,000,000.00
Class A (2008-08)		800,000,000.00		0.00		0.00		0.00		0.00		0.00			800,000,000.00
Class A (2008-09)		1,500,000,000.00		0.00		0.00		0.00		0.00		0.00			1,500,000,000.00
Class A (2008-10)		1,250,000,000.00		0.00		0.00		0.00		0.00		0.00			1,250,000,000.00
Class A (2008-11)		400,000,000.00		0.00		0.00		0.00		0.00		0.00			400,000,000.00
Class A (2008-12)		570,000,000.00		0.00		0.00		0.00		0.00		0.00			570,000,000.00
Class A (2008-13)		565,000,000.00		0.00		0.00		0.00		0.00		0.00			565,000,000.00
Class A (2008-14)		250,000,000.00		0.00		0.00		0.00		0.00		0.00			250,000,000.00
Class A (2009-02)		5,000,000,000.00		0.00		0.00		0.00		0.00		0.00			5,000,000,000.00
Class A (2009-03)		1,000,000,000.00		0.00		0.00		0.00		0.00		0.00			1,000,000,000.00
Total Class A		39,075,000,000.00		0.00		0.00		0.00		0.00		(2,750,000,000.00	)		36,325,000,000.00

Class B (2005-03)		750,000,000.00		0.00		0.00		0.00		0.00		0.00			750,000,000.00
Class B (2005-04)		325,000,000.00		0.00		0.00		0.00		0.00		0.00			325,000,000.00
Class B (2005-05)		325,000,000.00		0.00		0.00		0.00		0.00		0.00			325,000,000.00
Class B (2006-01)		400,000,000.00		0.00		0.00		0.00		0.00		0.00			400,000,000.00
Class B (2007-01)		515,000,000.00		0.00		0.00		0.00		0.00		0.00			515,000,000.00
Class B (2010-01)		890,000,000.00		0.00		0.00		0.00		0.00		0.00			890,000,000.00
Class B (2010-02)		380,000,000.00		0.00		0.00		0.00		0.00		0.00			380,000,000.00
Class B (2010-03)		75,000,000.00		0.00		0.00		0.00		0.00		0.00			75,000,000.00
Total Class B		3,660,000,000.00		0.00		0.00		0.00		0.00		0.00			3,660,000,000.00

Class C (2003-03)		400,000,000.00		0.00		0.00		0.00		0.00		0.00			400,000,000.00
Class C (2004-02)		165,000,000.00		0.00		0.00		0.00		0.00		0.00			165,000,000.00
Class C (2005-02)		150,000,000.00		0.00		0.00		0.00		0.00		0.00			150,000,000.00
Class C (2006-01)		250,000,000.00		0.00		0.00		0.00		0.00		0.00			250,000,000.00
Class C (2006-02)		350,000,000.00		0.00		0.00		0.00		0.00		0.00			350,000,000.00
Class C (2006-04)		335,000,000.00		0.00		0.00		0.00		0.00		0.00			335,000,000.00
Class C (2007-01)		405,000,000.00		0.00		0.00		0.00		0.00		0.00			405,000,000.00
Class C (2010-01)		950,000,000.00		0.00		0.00		0.00		0.00		0.00			950,000,000.00
Class C (2010-02)		505,000,000.00		0.00		0.00		0.00		0.00		0.00			505,000,000.00
Class C (2010-03)		75,000,000.00		0.00		0.00		0.00		0.00		0.00			75,000,000.00
Total Class C		3,585,000,000.00		0.00		0.00		0.00		0.00		0.00			3,585,000,000.00

Total		46,320,000,000.00		0.00		0.00		0.00		0.00		(2,750,000,000.00	)		43,570,000,000.00

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 (2003-04)		0.00		240,979.72		0.00		240,979.72		(240,979.72	)		0.00		0.00
Class A (2003-08)		0.00		253,028.71		0.00		253,028.71		(253,028.71	)		0.00		0.00
Class A (2004-03)		0.00		274,322.63		0.00		274,322.63		(274,322.63	)		0.00		0.00
Class A (2004-05)		0.00		276,469.58		0.00		276,469.58		(276,469.58	)		0.00		0.00
Class A (2004-07)		0.00		431,018.00		0.00		431,018.00		(431,018.00	)		0.00		0.00
Class A (2004-08)		0.00		125,713.58		0.00		125,713.58		(125,713.58	)		0.00		0.00
Class A (2005-02)		0.00		187,175.67		0.00		187,175.67		(187,175.67	)		0.00		0.00
Class A (2005-06)		0.00		257,366.54		0.00		257,366.54		(257,366.54	)		0.00		0.00
Class A (2005-07)		0.00		2,843,750.00		0.00		2,843,750.00		(2,843,750.00	)		0.00		0.00
Class A (2005-11)		0.00		233,969.58		0.00		233,969.58		(233,969.58	)		0.00		0.00
Class A (2006-01)		0.00		879,240.94		0.00		879,240.94		(879,240.94	)		0.00		0.00
Class A (2006-02)		0.00		1,827,500.00		0.00		1,827,500.00		(1,827,500.00	)		0.00		0.00
Class A (2006-04)		0.00		198,552.92		0.00		198,552.92		(198,552.92	)		0.00		0.00
Class A (2006-05)		0.00		198,552.92		0.00		198,552.92		(198,552.92	)		0.00		0.00
Class A (2006-06)		0.00		54,836.33		0.00		54,836.33		(54,836.33	)		0.00		0.00
Class A (2006-08)		0.00		151,257.50		0.00		151,257.50		(151,257.50	)		0.00		0.00
Class A (2007-01)		0.00		529,474.44		0.00		529,474.44		(529,474.44	)		0.00		0.00
Class A (2007-02)		0.00		117,228.22		0.00		117,228.22		(117,228.22	)		0.00		0.00
Class A (2007-03)		0.00		1,961,250.00		0.00		1,961,250.00		(1,961,250.00	)		0.00		0.00
Class A (2007-05)		0.00		133,304.27		0.00		133,304.27		(133,304.27	)		0.00		0.00
Class A (2007-07)		0.00		56,918.50		0.00		56,918.50		(56,918.50	)		0.00		0.00
Class A (2007-08)		0.00		52,947.44		0.00		52,947.44		(52,947.44	)		0.00		0.00
Class A (2007-09)		0.00		274,181.67		0.00		274,181.67		(274,181.67	)		0.00		0.00
Class A (2007-10)		0.00		297,807.42		0.00		297,807.42		(297,807.42	)		0.00		0.00
Class A (2007-12)		0.00		118,693.58		0.00		118,693.58		(118,693.58	)		0.00		0.00
Class A (2007-13)		0.00		212,719.58		0.00		212,719.58		(212,719.58	)		0.00		0.00
Class A (2007-16)		0.00		355,087.50		0.00		355,087.50		0.00			0.00		355,087.50
Class A (2007-17)		0.00		8,533,333.33		0.00		8,533,333.33		(8,533,333.33	)		0.00		0.00
Class A (2007-18)		0.00		982,807.78		0.00		982,807.78		(982,807.78	)		0.00		0.00
Class A (2008-02)		0.00		1,134,203.03		0.00		1,134,203.03		(1,134,203.03	)		0.00		0.00
Class A (2008-03)		0.00		1,169,110.87		0.00		1,169,110.87		(1,169,110.87	)		0.00		0.00
Class A (2008-04)		0.00		3,216,250.00		0.00		3,216,250.00		(3,216,250.00	)		0.00		0.00
Class A (2008-06)		0.00		1,034,386.25		0.00		1,034,386.25		(1,034,386.25	)		0.00		0.00
Class A (2008-08)		0.00		1,103,345.33		0.00		1,103,345.33		(1,103,345.33	)		0.00		0.00
Class A (2008-09)		0.00		5,325,000.00		0.00		5,325,000.00		(5,325,000.00	)		0.00		0.00
Class A (2008-10)		0.00		1,192,727.08		0.00		1,192,727.08		(1,192,727.08	)		0.00		0.00
Class A (2008-11)		0.00		1,800,000.00		0.00		1,800,000.00		(1,800,000.00	)		0.00		0.00
Class A (2008-12)		0.00		839,966.88		0.00		839,966.88		(839,966.88	)		0.00		0.00
Class A (2008-13)		0.00		961,332.43		0.00		961,332.43		0.00			0.00		961,332.43
Class A (2008-14)		0.00		439,239.86		0.00		439,239.86		(439,239.86	)		0.00		0.00
Class A (2009-02)		0.00		8,548,686.11		0.00		8,548,686.11		(8,548,686.11	)		0.00		0.00
Class A (2009-03)		0.00		2,000,000.00		0.00		2,000,000.00		(2,000,000.00	)		0.00		0.00
Total Class A		0.00		50,823,736.19		0.00		50,823,736.19		(49,507,316.26	)		0.00		1,316,419.93

Class B (2005-03)		0.00		326,052.92		0.00		326,052.92		(326,052.92	)		0.00		0.00
Class B (2005-04)		0.00		147,428.49		0.00		147,428.49		(147,428.49	)		0.00		0.00
Class B (2005-05)		0.00		147,428.49		0.00		147,428.49		(147,428.49	)		0.00		0.00
Class B (2006-01)		0.00		155,006.00		0.00		155,006.00		(155,006.00	)		0.00		0.00
Class B (2007-01)		0.00		248,209.11		0.00		248,209.11		(248,209.11	)		0.00		0.00
Class B (2010-01)		0.00		790,382.79		0.00		790,382.79		(790,382.79	)		0.00		0.00
Class B (2010-02)		0.00		373,355.70		0.00		373,355.70		(373,355.70	)		0.00		0.00
Class B (2010-03)		0.00		86,438.63		0.00		86,438.63		(86,438.63	)		0.00		0.00
Total Class B		0.00		2,274,302.13		0.00		2,274,302.13		(2,274,302.13	)		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 (2004-02)		0.00		165,231.64		0.00		165,231.64		(165,231.64	)		0.00		0.00
Class C (2005-02)		0.00		99,210.58		0.00		99,210.58		(99,210.58	)		0.00		0.00
Class C (2006-01)		0.00		155,906.53		0.00		155,906.53		(155,906.53	)		0.00		0.00
Class C (2006-02)		0.00		185,213.58		0.00		185,213.58		(185,213.58	)		0.00		0.00
Class C (2006-04)		0.00		174,111.97		0.00		174,111.97		(174,111.97	)		0.00		0.00
Class C (2007-01)		0.00		275,518.58		0.00		275,518.58		(275,518.58	)		0.00		0.00
Class C (2010-01)		0.00		1,364,055.92		0.00		1,364,055.92		(1,364,055.92	)		0.00		0.00
Class C (2010-02)		0.00		791,875.63		0.00		791,875.63		(791,875.63	)		0.00		0.00
Class C (2010-03)		0.00		131,771.96		0.00		131,771.96		(131,771.96	)		0.00		0.00
Total Class C		0.00		4,932,896.39		0.00		4,932,896.39		(4,932,896.39	)		0.00		0.00

Total		0.00		58,030,934.71		0.00		58,030,934.71		(56,714,514.78	)		0.00		1,316,419.93

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 (2003-04)		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 (2004-03)		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 (2004-07)		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 (2005-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2005-06)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2005-07)		0.00		750,000,000.00		0.00		750,000,000.00		(750,000,000.00	)		0.00		0.00
Class A (2005-11)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2006-01)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2006-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2006-04)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2006-05)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2006-06)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2006-08)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-01)		0.00		2,000,000,000.00		0.00		2,000,000,000.00		(2,000,000,000.00	)		0.00		0.00
Class A (2007-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-03)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-05)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-07)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-08)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-09)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-10)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-12)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-13)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-16)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-17)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2007-18)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-03)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-04)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-06)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-08)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-09)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-10)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-11)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-12)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-13)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2008-14)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2009-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class A (2009-03)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Total Class A		0.00		2,750,000,000.00		0.00		2,750,000,000.00		(2,750,000,000.00	)		0.00		0.00

Class B (2005-03)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class B (2005-04)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class B (2005-05)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class B (2006-01)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class B (2007-01)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class B (2010-01)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class B (2010-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class B (2010-03)		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 (2003-03)		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 (2005-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class C (2006-01)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class C (2006-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class C (2006-04)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class C (2007-01)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class C (2010-01)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class C (2010-02)		0.00		0.00		0.00		0.00		0.00			0.00		0.00
Class C (2010-03)		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		2,750,000,000.00		0.00		2,750,000,000.00		(2,750,000,000.00	)		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 (2003-03)		77,523,012.55		6,818.10		0.00		0.00		0.00		(4,609,328.56	)		72,920,502.09
Class C (2004-02)		31,978,242.68		2,812.47		0.00		0.00		0.00		(1,901,348.04	)		30,079,707.11
Class C (2005-02)		29,071,129.71		2,556.85		0.00		0.00		0.00		(1,728,498.28	)		27,345,188.28
Class C (2006-01)		48,451,882.85		4,261.35		0.00		0.00		0.00		(2,880,830.39	)		45,575,313.81
Class C (2006-02)		67,832,635.98		5,965.84		0.00		0.00		0.00		(4,033,162.49	)		63,805,439.33
Class C (2006-04)		64,925,523.01		5,710.13		0.00		0.00		0.00		(3,860,312.64	)		61,070,920.50
Class C (2007-01)		78,492,050.21		6,903.31		0.00		0.00		0.00		(4,666,945.15	)		73,832,008.37
Class C (2010-01)		184,117,154.81		16,141.80		0.00		0.00		0.00		(10,947,104.14	)		173,186,192.47
Class C (2010-02)		97,872,803.35		8,580.64		0.00		0.00		0.00		(5,819,250.10	)		92,062,133.89
Class C (2010-03)		14,535,564.85		1,274.32		0.00		0.00		0.00		(864,245.03	)		13,672,594.14
Total Class C		694,800,000.00		61,024.81		0.00		0.00		0.00		(41,311,024.82	)		653,549,999.99

Total		694,800,000.00		61,024.81		0.00		0.00		0.00		(41,311,024.82	)		653,549,999.99

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 (2003-04)		40,697,650.00		40,697,650.00		0.00		0.00		0.00		0.00
Class A (2003-08)		42,732,532.50		42,732,532.50		0.00		0.00		0.00		0.00
Class A (2004-03)		54,941,827.50		54,941,827.50		0.00		0.00		0.00		0.00
Class A (2004-05)		61,046,475.00		61,046,475.00		0.00		0.00		0.00		0.00
Class A (2004-07)		97,674,360.00		97,674,360.00		0.00		0.00		0.00		0.00
Class A (2004-08)		28,488,355.00		28,488,355.00		0.00		0.00		0.00		0.00
Class A (2005-02)		48,837,180.00		48,837,180.00		0.00		0.00		0.00		0.00
Class A (2005-06)		67,151,122.50		67,151,122.50		0.00		0.00		0.00		0.00
Class A (2005-07)		0.00		0.00		0.00		0.00		0.00		0.00
Class A (2005-11)		61,046,475.00		61,046,475.00		0.00		0.00		0.00		0.00
Class A (2006-01)		252,325,430.00		252,325,430.00		0.00		0.00		0.00		0.00
Class A (2006-02)		34,593,002.50		34,593,002.50		0.00		0.00		0.00		0.00
Class A (2006-04)		61,046,475.00		61,046,475.00		0.00		0.00		0.00		0.00
Class A (2006-05)		61,046,475.00		61,046,475.00		0.00		0.00		0.00		0.00
Class A (2006-06)		16,279,060.00		16,279,060.00		0.00		0.00		0.00		0.00
Class A (2006-08)		40,697,650.00		40,697,650.00		0.00		0.00		0.00		0.00
Class A (2007-01)		0.00		0.00		0.00		0.00		0.00		0.00
Class A (2007-02)		32,558,120.00		32,558,120.00		0.00		0.00		0.00		0.00
Class A (2007-03)		36,627,885.00		36,627,885.00		0.00		0.00		0.00		0.00
Class A (2007-05)		38,255,791.00		38,255,791.00		0.00		0.00		0.00		0.00
Class A (2007-07)		17,499,989.50		17,499,989.50		0.00		0.00		0.00		0.00
Class A (2007-08)		16,279,060.00		16,279,060.00		0.00		0.00		0.00		0.00
Class A (2007-09)		81,395,300.00		81,395,300.00		0.00		0.00		0.00		0.00
Class A (2007-10)		85,465,065.00		85,465,065.00		0.00		0.00		0.00		0.00
Class A (2007-12)		32,965,096.50		32,965,096.50		0.00		0.00		0.00		0.00
Class A (2007-13)		61,046,475.00		61,046,475.00		0.00		0.00		0.00		0.00
Class A (2007-16)		50,872,062.50		50,872,062.50		0.00		0.00		0.00		0.00
Class A (2007-17)		162,790,600.00		162,790,600.00		0.00		0.00		0.00		0.00
Class A (2007-18)		162,790,600.00		162,790,600.00		0.00		0.00		0.00		0.00
Class A (2008-02)		84,244,135.50		84,244,135.50		0.00		0.00		0.00		0.00
Class A (2008-03)		74,069,723.00		74,069,723.00		0.00		0.00		0.00		0.00
Class A (2008-04)		67,558,099.00		67,558,099.00		0.00		0.00		0.00		0.00
Class A (2008-06)		61,046,475.00		61,046,475.00		0.00		0.00		0.00		0.00
Class A (2008-08)		65,116,240.00		65,116,240.00		0.00		0.00		0.00		0.00
Class A (2008-09)		122,092,950.00		122,092,950.00		0.00		0.00		0.00		0.00
Class A (2008-10)		101,744,125.00		101,744,125.00		0.00		0.00		0.00		0.00
Class A (2008-11)		32,558,120.00		32,558,120.00		0.00		0.00		0.00		0.00
Class A (2008-12)		46,395,321.00		46,395,321.00		0.00		0.00		0.00		0.00
Class A (2008-13)		45,988,344.50		45,988,344.50		0.00		0.00		0.00		0.00
Class A (2008-14)		20,348,825.00		20,348,825.00		0.00		0.00		0.00		0.00
Class A (2009-02)		406,976,500.00		406,976,500.00		0.00		0.00		0.00		0.00
Class A (2009-03)		81,395,300.00		81,395,300.00		0.00		0.00		0.00		0.00
Total		2,956,684,272.50		2,956,684,272.50		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 (2005-03)		616,725,820.35		0.00		0.00
Class B (2005-04)		267,247,855.49		0.00		0.00
Class B (2005-05)		267,247,855.49		0.00		0.00
Class B (2006-01)		328,920,437.52		0.00		0.00
Class B (2007-01)		423,485,063.31		0.00		0.00
Class B (2010-01)		731,847,973.49		0.00		0.00
Class B (2010-02)		312,474,415.65		0.00		0.00
Class B (2010-03)		61,672,582.04		0.00		0.00
Total		3,009,622,003.34		0.00		0.00

C.	Information regarding the performance of the CHASEseries


	December Monthly Period						November Monthly Period						October Monthly Period
Yield - Finance Charge, Fees & Interchange		18.21	%					17.35	%					17.40	%
Plus: Yield - Collections of Discount Receivables		1.17	%					1.39	%					1.81	%
Less: Net Credit Losses		6.99	%					7.16	%					7.00	%

(a) Portfolio Yield					12.39	%					11.58	%					12.21	%
Less:
Coupon		1.42	%					1.37	%					1.36	%
Plus: Servicing Fee		1.50	%					1.50	%					1.50	%

(b) Base Rate					2.92	%					2.87	%					2.86	%

(a) - (b) = Excess Spread Percentage					9.47	%					8.71	%					9.35	%
Three Month Average Excess Spread Percentage					9.18	%					9.01	%					9.25	%
Excess Spread Amount paid to Transferor				$	376,402,390.92					$	339,313,134.55					$	391,470,940.68
Principal Payment Rate					23.69	%					21.35	%					22.12	%


CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer

By:		/s/ Patricia Garvey
		Patricia Garvey
		Vice President