Exhibit 99.1

Investor Certificateholders' Monthly Statement

Discover Card Master Trust I

Series 2007-CC Monthly Statement

Distribution Date: February 15, 2011

Month Ending: January 31, 2011

Pursuant to the Series Supplement dated as of July 26, 2007, as amended, relating to the Second Amended and Restated Pooling and Servicing Agreement dated as of June 4, 2010, as amended, by and between Discover Bank and U.S. Bank National Association, as Trustee (the "Pooling and Servicing Agreement") the Trustee is required to prepare certain information each month regarding current distributions to investors and the performance of the Discover Card Master Trust I (the "Master Trust"). We have set forth below this information and certain other information required under the Securities Exchange Act of 1934, as amended, for the Distribution Date listed above, as well as for the calendar month ended on the date listed above. Capitalized terms used in this report without definition have the meanings given to them in the Pooling and Servicing Agreement and the Series Supplement. The Pooling and Servicing Agreement and the Series Supplement were filed with the Securities and Exchange Commission as follows:

Second Amended and Restated Pooling and Servicing Agreement			As Exhibit 4.1 to the Current Report on Form 8-K filed on June 4, 2010 under file number 333-141703-02, as amended.
Series Supplement			As Exhibit 4.3 to the Current Report on Form 8-K filed on July 27, 2007 under file number 333-141703-02, as amended.
1. Principal Receivables for January, 2011			Beginning Balances		Ending Balances
(a)	Aggregate Investor Interest (including Series 2007-CC Investor Interest)	$	18,867,227,007.00	$	18,102,227,007.00
	Seller Interest	$	16,210,677,735.85	$	15,733,688,876.96
	Total Master Trust	$	35,077,904,742.85	$	33,835,915,883.96
(b)	Group One Investor Interest	$	18,867,227,007.00	$	18,102,227,007.00
(c)	Series 2007-CC Investor Interest	$	12,167,597,766.00	$	12,167,597,766.00
(d)	Total Master Trust # of Accounts		22,798,312		22,751,883
(e)	Minimum Principal Receivables Balance at the end of month(1)			$	19,464,760,222.58
(f)	Amount by which Master Trust Principal Receivables Exceeded
	the Minimum Principal Receivables Balance at the end of month			$	14,371,155,661.38
(g)	Percentage of the Principal Receivables that reflect Seller Interest				46.50	%

2	.	Allocation Percentages at the beginning of January, 2011	(after giving effect to any increases in the Aggregate Investor
		Interest or the Series 2007-CC Investor Interest occurring during the month)

(a)	Series 2007-CC Finance Charge Collections Allocation Percentage	34.6874	%
(b)	Series 2007-CC Principal Collections Allocation Percentage	34.6874	%
(c)	Series 2007-CC Charge-Off Allocation Percentage	34.6874	%
(d)	Series 2007-CC Interchange Allocation Percentage	34.6874	%

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3	.	Allocation of Receivables and other amounts collected during January, 2011
					Finance Charge Collections			Principal Collections		Interchange
		(a) Allocation between Investors and Seller:
			Aggregate Investor Allocation	$	240,908,402.33		$	4,006,534,502.65	$	56,092,425.30
			(including Series 2007-CC Allocation)
			Seller Allocation	$	206,989,122.73		$	3,442,424,813.66	$	48,194,757.01
		(b)	Group One Allocation	$	240,908,402.33		$	4,006,534,502.65	$	56,092,425.30
		(c)	Series 2007-CC Allocation	$	155,364,006.11		$	2,583,850,313.89	$	36,174,512.08
		(d)   Reallocation to Series 2007-CC from		$	0.00		$	0.00	$	0.00
			Other Series
		(e)   Reallocation from Series 2007-CC to		$	0.00		$	390,381,438.31	$	0.00
			Other Series
		(f)	Series 2009-SD Principal Collections available to other
			series in Group One, including Series 2007-CC, through
			reallocation to cover shortfalls in interest and servicing
			fees and to reimburse charge-offs	$	78,556,724.95			N/A		N/A
		(g)	Series 2009-SD Principal Collections, described in 3(f)
			above, that are included in the calculation of Excess
			Spread Amount for Series 2007-CC	$	51,674,979.23			N/A		N/A
		(h)	Group One Portfolio Yield as an annualized percentage		14.14	%		N/A		3.57	%
			of the Aggregate Investor Interest (FCC yield excludes
			principal recoveries)
		(i)	Group One Portfolio Yield from Series 2009-SD Principal
			Collections available to other series in Group One,
			including Series 2007-CC		5.10	%		N/A		N/A
		(j)	Series 2007-CC Portfolio Yield as an annualized		14.14	%		N/A		3.57	%
			percentage of the Series Investor Interest (FCC yield
			excludes principal recoveries)
		(k)	Principal Collections as a monthly percentage of Master Trust Receivables							20.99	%
			at the beginning of January, 2011
		(l)	Finance Charge Collections as a monthly percentage of Master Trust Receivables							1.26	%
			at the beginning of January, 2011
		(m)	Total Collections as a monthly percentage of Master Trust Receivables							22.25	%
			at the beginning of January, 2011
		(n)   Interchange as a monthly percentage of Master Trust Receivables								0.29	%
			at the beginning of January, 2011
		(o)   Total Collections and Interchange as a monthly percentage of Master Trust Receivables								22.55	%
			at the beginning of January, 2011
		(p)	Series 2009-SD Principal Collections, include in item 3(k) above, available to be used as
			Finance Charge Collections as a monthly percentage of Master Trust Receivables
			at the beginning of January, 2011							0.22	%
		(q)	Trust Collections deposited for the month (2)					Prior Month		January, 2011
							$	397,606,158.76	$	896,490,569.14

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4	.	Investor Charged-Off Amount								Cumulative Reductions in Series Investor Interests Due to Investor Charged-Off Amounts
								January, 2011
		(a)	Group One		$			109,000,577.06	$	0.00
		(b)	Series 2007-CC		$			70,295,457.35	$	0.00
		(c)	As an annualized percentage of					6.93	%	N/A
			Principal Receivables at the
			beginning of January, 2011
5	.	Investor Monthly Servicing Fee payable to Discover Bank on this Distribution Date
		(a) Group One							$	31,445,378.36
		(b) Series 2007-CC							$	20,279,329.61
6	.	Delinquency Summary
		Master Trust Receivables Outstanding at the end of January, 2011							$	34,259,413,968.09
				Number of Delinquent Accounts		Delinquent Amount Ending Balance				Percentage of Ending
			Payment Status							Receivables Outstanding
			30-59 Days	53,887	$	324,577,218.51				0.95	%
			60-89 Days	41,291	$	268,729,330.09				0.78	%
			90-119 Days	36,889	$	251,284,008.88				0.73	%
			120-149 Days	34,180	$	241,528,715.91				0.70	%
			150-179 Days	31,717	$	230,628,368.59				0.67	%
			180+ Days	0	$			0.00		0.00	%
			Total	197,964	$	1,316,747,641.98				3.84	%
7	.	Investor Principal Charge-Offs on this Distribution Date(3)						Amount		Rate
		(a)	Gross Charge-offs (rate shown as an annualized percentage of Investor				$	109,000,577.06		6.93	%
			Principal Receivables at the beginning of January, 2011)
		(b)	Recoveries (rate shown as an annualized percentage of Investor				$	18,661,808.58		1.19	%
			Principal Receivables at the beginning of January, 2011)
		(c)	Net Charge-offs (rate shown as an annualized percentage of Investor				$	90,338,768.48		5.75	%
			Principal Receivables at the beginning of January, 2011)

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U.S. Bank National Association
as Trustee

By
____________________________

Vice President

(1)	The Discover Card Master Trust I is required to maintain Principal Receivables greater than or equal to the Minimum Principal Receivables Balance. The Minimum Principal Receivables Balance is generally calculated by dividing the Investor Interest by 93%. If the Principal Receivables in the Master Trust are less than the Minimum Principal Receivables Balance, and Discover Bank fails to assign sufficient Receivables to eliminate the deficiency, then an amortization event would occur. This would also cause an early redemption event for the notes issued by Discover Card Execution Note Trust.
(2)	Only the portion of Master Trust Collections required to be deposited under the Master Trust's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Investor Certificates or Notes are maturing on the following distribution date (in which case additional Principal Collections are retained in such account). Accordingly, the amount deposited in the account is not meaningful as an indicator of Master Trust performance.
(3)	For purposes of allocations to investors, all recoveries are treated as Finance Charge Collections and are included as such in Item 3 above.

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