noteholders071511exhibit.htm - Generated by SEC Publisher for SEC Filing

Exhibit 99.2

Discover Card Execution Note Trust

DiscoverSeries Monthly Statement

Distribution Date: July 15, 2011

Month Ending: June 30, 2011

Pursuant to the Indenture dated as of July 26, 2007, as amended, (the "Indenture") by and between Discover Card Execution Note Trust (the "Note Issuance Trust") and U.S. Bank National Association as Indenture Trustee (the "Indenture Trustee") and the Amended and Restated Indenture Supplement dated as of June 4, 2010, as amended, for the DiscoverSeries Notes, by and between the Note Issuance Trust and the Indenture Trustee (the "Indenture Supplement"), the Note Issuance Trust is required to prepare certain information each month regarding current distributions to noteholders. We have set forth below this information regarding the DiscoverSeries Notes 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 Indenture or the Indenture Supplement. The Indenture and Indenture Supplement were filed with the Securities and Exchange Commission under file number 333-141703-02 as follows:

Indenture As Exhibit 4.5 to the Note Issuance Trust's current report on Form 8-K filed on July 27, 2007.

Amended and Restated Indenture Supplement As Exhibit 4.5 to the Note Issuance Trust's current report on Form 8-K filed on June 4, 2010.


1. Interest to be paid on this Distribution Date:
											Amount of interest paid
									Amount of		on this Distribution
			LIBOR	Interest			Number of Days in		interest paid on		Date per $1,000 of
			Determination	Payment			the Interest		this Distribution		Outstanding Dollar
Tranche	CUSIP Number		Date	Date	Interest Rate		Accrual Period		Date		Principal Amount

Class A (2007-1)	254683	AC9		07/15/2011	5.65000	%	30	$	4,708,333.33	$	4.708333330
Class A (2007-2)	254683	AD7	06/13/2011	09/15/2011	0.58700	%		$	0.00	$	0.000000000
Class A (2008-4)	254683	AH8		07/15/2011	5.65000	%	30	$	3,531,250.00	$	4.708333333
Class A (2008-C)								$	0.00	$	0.000000000
Class A (2009-1)	254683	AJ4	06/13/2011	07/15/2011	1.48705	%	30	$	1,858,812.50	$	1.239208333
Class A (2009-2)	254683	AK1	06/13/2011	07/15/2011	1.48705	%	30	$	1,610,970.83	$	1.239208331
Class A (2010-1)	254683	AL9	06/13/2011	07/15/2011	0.83705	%	30	$	523,156.25	$	0.697541667
Class A (2010-2)	254683	AN5	06/13/2011	07/15/2011	0.76705	%	30	$	383,525.00	$	0.639208333
Class A (2010-A)				07/15/2011	0.84900	%	30	$	176,874.24	$	0.707496960
Class A (2010-B)								$	0.00	$	0.000000000
Class A (2010-C)								$	0.00	$	0.000000000
Class A (2010-D)								$	0.00	$	0.000000000
Class A (2010-E)								$	0.00	$	0.000000000
Class A (2011-1)	254683	AP0	06/13/2011	07/15/2011	0.53705	%	30	$	447,541.67	$	0.447541670
Class A (2011-2)	254683	AQ8	06/03/2011	07/15/2011	0.39980	%	38	$	422,011.11	$	0.422011110
Class A (2011-A)								$	0.00	$	0.000000000
Class A (2011-B)								$	0.00	$	0.000000000
Class A (2011-C)								$	0.00	$	0.000000000
Total Class A								$	13,662,474.93
Class B (2007-1)	254683	AB1	06/13/2011	07/15/2011	0.42705	%	30	$	71,175.00	$	0.355875000
Class B (2009-1)					0.00000	%		$	0.00	$	0.000000000
Class B (2009-2)					0.00000	%		$	0.00	$	0.000000000
Class B (2010-1)					0.00000	%		$	0.00	$	0.000000000
Class B (2011-1)					0.00000	%		$	0.00	$	0.000000000
Total Class B								$	71,175.00
Class C (2009-1)					0.00000	%		$	0.00	$	0.000000000
Class C (2009-2)					0.00000	%		$	0.00	$	0.000000000
Class C (2010-1)					0.00000	%		$	0.00	$	0.000000000
Class C (2011-1)					0.00000	%		$	0.00	$	0.000000000
Total Class C								$	0.00

Total								$	13,733,649.93


2. Principal to be paid on this Distribution Date:

						Shortfall		Amount		Amount of		Total amount
				Scheduled principal		in scheduled		of principal		principal paid per		of principal
				payments		principal		paid on this		$1,000 of Stated		paid through this
Tranche	CUSIP Number					payments		Distribution Date		Principal Amount		Distribution Date
Class A (2007-1)	254683	AC9	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2007-2)	254683	AD7	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2008-4)	254683	AH8	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2008-C)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2009-1)	254683	AJ4	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2009-2)	254683	AK1	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2010-1)	254683	AL9	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2010-2)	254683	AN5	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2010-A)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2010-B)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2010-C)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2010-D)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2010-E)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2011-1)	254683	AP0	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2011-2)	254683	AQ8	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2011-A)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2011-B)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class A (2011-C)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Total Class A			$	0.00	$	0.00	$	0.00			$	0.00
Class B (2007-1)	254683	AB1	$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class B (2009-1)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class B (2009-2)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class B (2010-1)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class B (2011-1)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Total Class B			$	0.00	$	0.00	$	0.00			$	0.00
Class C (2009-1)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class C (2009-2)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class C (2010-1)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Class C (2011-1)			$	0.00	$	0.00	$	0.00	$	0.000000000	$	0.00
Total Class C			$	0.00	$	0.00	$	0.00			$	0.00
Class D (2009-1)⁽¹⁾			$	0.00	$	0.00	$	0.00
Total Class D			$	0.00	$	0.00	$	0.00
Total			$	0.00	$	0.00	$	0.00

3. Principal Amount and Nominal Liquidation Amount (as of end of June 2011 ):

(reflects issuances during June 2011 and principal payments and Nominal Liquidation Amount Deficits after giving effect to all allocations on this Distribution Date)


						Adjusted Outstanding		Nominal
		Stated Principal		Outstanding Dollar		Dollar Principal		Liquidation
Tranche		Amount		Principal Amount		Amount		Amount
Class A (2007-1)	$	1,000,000,000.00	$	1,000,000,000.00	$	1,000,000,000.00	$	1,000,000,000.00
Class A (2007-2)	$	1,250,000,000.00	$	1,250,000,000.00	$	1,250,000,000.00	$	1,250,000,000.00
Class A (2008-4)	$	750,000,000.00	$	750,000,000.00	$	750,000,000.00	$	750,000,000.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-1)	$	1,500,000,000.00	$	1,500,000,000.00	$	1,500,000,000.00	$	1,500,000,000.00
Class A (2009-2)	$	1,300,000,000.00	$	1,300,000,000.00	$	1,300,000,000.00	$	1,300,000,000.00
Class A (2010-1)	$	750,000,000.00	$	750,000,000.00	$	750,000,000.00	$	750,000,000.00
Class A (2010-2)	$	600,000,000.00	$	600,000,000.00	$	600,000,000.00	$	600,000,000.00
Class A (2010-A)	$	250,000,000.00	$	250,000,000.00	$	250,000,000.00	$	250,000,000.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-1)	$	1,000,000,000.00	$	1,000,000,000.00	$	1,000,000,000.00	$	1,000,000,000.00
Class A (2011-2)	$	1,000,000,000.00	$	1,000,000,000.00	$	1,000,000,000.00	$	1,000,000,000.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-C)	$	0.00	$	0.00	$	0.00	$	0.00
Total Class A	$	9,400,000,000.00	$	9,400,000,000.00	$	9,400,000,000.00	$	9,400,000,000.00

Class B (2007-1)	$	200,000,000.00	$	200,000,000.00	$	200,000,000.00	$	200,000,000.00
Class B (2009-1)	$	160,000,000.00	$	159,091,387.83	$	159,091,387.83	$	160,000,000.00
Class B (2009-2)	$	400,000,000.00	$	393,521,280.00	$	393,521,280.00	$	400,000,000.00
Class B (2010-1)	$	180,000,000.00	$	177,847,920.00	$	177,847,920.00	$	180,000,000.00
Class B (2011-1)	$	75,000,000.00	$	73,930,300.00	$	73,930,300.00	$	75,000,000.00
Total Class B	$	1,015,000,000.00	$	1,004,390,887.83	$	1,004,390,887.83	$	1,015,000,000.00

Class C (2009-1)	$	200,000,000.00	$	198,419,017.39	$	198,419,017.39	$	200,000,000.00
Class C (2009-2)	$	505,000,000.00	$	494,156,741.00	$	494,156,741.00	$	505,000,000.00
Class C (2010-1)	$	495,000,000.00	$	483,073,965.00	$	483,073,965.00	$	495,000,000.00
Class C (2011-1)	$	90,000,000.00	$	87,595,668.75	$	87,595,668.75	$	90,000,000.00
Total Class C	$	1,290,000,000.00	$	1,263,245,392.14	$	1,263,245,392.14	$	1,290,000,000.00

Class D (2009-1)	$	1,373,212,291.00	$	1,373,212,291.00	$	1,373,212,291.00	$	1,373,212,291.00
Total Class D	$	1,373,212,291.00	$	1,373,212,291.00	$	1,373,212,291.00	$	1,373,212,291.00

Total	$	13,078,212,291.00	$	13,040,848,570.97	$	13,040,848,570.97	$	13,078,212,291.00

4. Nominal Liquidation Amount for Tranches of Notes Outstanding:

(including all tranches issued as of the end of June 2011, after taking into account all allocations expected to occur on this Distribution Date)


					Increase due to								Reductions		Reductions
		Nominal	Increase due		withdrawals of		Increase due to				Increases and		due to		due to		Nominal		Cumulative
		Liquidation	to Accretion		Prefunding Excess		reimbursement		Reductions due		reductions due		reallocation		deposits into		Liquidation		unreimbursed
		Amount as of the	of Principal		Amounts from		of Nominal		to allocation		to reallocation		of Series		Principal		Amount as		Nominal
		beginning of Due	for Discount		Principal Funding		Liquidation		of charged-off		of charged-off		Principal		Funding		of the end of		Liquidation
Tranche		Period	Notes		Subaccount		Amout Deficits		receivables		receivables		Amounts		Subaccount		the Due Period		Amount Deficit
Class A (2007-1)	$	1,000,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	1,000,000,000	$	0.00
Class A (2007-2)	$	1,250,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	1,250,000,000	$	0.00
Class A (2008-4)	$	750,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	750,000,000	$	0.00
Class A (2008-C)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Class A (2009-1)	$	1,500,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	1,500,000,000	$	0.00
Class A (2009-2)	$	1,300,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	1,300,000,000	$	0.00
Class A (2010-1)	$	750,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	750,000,000	$	0.00
Class A (2010-2)	$	600,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	600,000,000	$	0.00
Class A (2010-A)	$	250,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	250,000,000	$	0.00
Class A (2010-B)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Class A (2010-C)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Class A (2010-D)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Class A (2010-E)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Class A (2011-1)	$	1,000,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	1,000,000,000	$	0.00
Class A (2011-2)	$	1,000,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	1,000,000,000	$	0.00
Class A (2011-A)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Class A (2011-B)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Class A (2011-C)	$	0	N/A	$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	0	$	0.00
Total Class A	$	9,400,000,000		$	0.00	$	0.00	$	0.00	$	0.00		N/A	$	0.00	$	9,400,000,000	$	0.00

Class B (2007-1)	$	200,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	200,000,000	$	0.00
Class B (2009-1)	$	160,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	160,000,000	$	0.00
Class B (2009-2)	$	400,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	400,000,000	$	0.00
Class B (2010-1)	$	180,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	180,000,000	$	0.00
Class B (2011-1)	$	75,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	75,000,000	$	0.00
Total Class B	$	1,015,000,000		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	1,015,000,000	$	0.00

Class C (2009-1)	$	200,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	200,000,000	$	0.00
Class C (2009-2)	$	505,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	505,000,000	$	0.00
Class C (2010-1)	$	495,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	495,000,000	$	0.00
Class C (2011-1)	$	90,000,000	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	90,000,000	$	0.00
Total Class C	$	1,290,000,000		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	1,290,000,000	$	0.00

Class D (2009-1)	$	1,373,212,291	N/A	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	1,373,212,291	$	0.00
Total Class D	$	1,373,212,291		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	1,373,212,291	$	0.00

Total	$	13,078,212,291		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	13,078,212,291	$	0.00

5. Targeted Deposits to Principal Funding Subaccounts with respect to this Distribution Date:

Targeted deposit to Principal Funding
Subaccount


		Beginning		Amount				Shortfalls in targeted				Amounts withdrawn		Prefunding				Income earned on
		Principal		scheduled to be				deposit to Principal				from Principal		Excess Amounts				funds on deposit
		Funding		deposited on this				Funding Subaccount		Actual deposit to		Funding Subacccount		withdrawn from		Ending Principal		in Principal
		Subaccount		Distribution		Previous		with respect to this		Principal Funding		for payment		Principal Funding		Funding		funding
Tranche		balance		Date		shortfalls		Distribution Date		Subaccount		to Noteholders		Subaccount		Subaccount balance		Subaccount
Class A (2007-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2007-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2008-4)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-C)	$	0.00	$	0.00	$	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	$	0.00	$	0.00

Class B (2007-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2011-1)	$	0.00	$	0.00	$	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	$	0.00	$	0.00

Class C (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2011-1)	$	0.00	$	0.00	$	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	$	0.00	$	0.00

Class D (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Total Class D	$	0.00	$	0.00	$	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	$	0.00	$	0.00

6.	Prefunding with respect to this Distribution Date:


								Prefunding		Actual deposit
		Beginning		Prefunded amount				Excess Amounts		to Principal
		balance of		applied to		Targeted		withdrawn from		Funding		Ending balance
		prefunded		scheduled		Prefunding		Principal Funding		Subaccount for		of prefunded
Tranche		deposits		principal deposits		Deposits		Subaccount		Prefunding		deposits

Class A (2007-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2007-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2008-4)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-C)	$	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
Class B (2007-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2011-1)	$	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

Total	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00

7. Targeted Deposits to Interest Funding Subaccounts with respect to this Distribution Date:

Targeted deposit to Interest Funding Subaccount with
respect to this Distribution Date


										Shortfalls in
										targeted deposit				Amounts withdrawn				Income earned
		Beginning		Interest accrued				Total targeted		to Interest Funding				from Interest		Ending Interest		on funds
		Interest Funding		during monthly				deposit to		Subaccount with		Actual deposit to		Funding Subacccount		Funding		on deposit in
		Subaccount		interest		Previous		Interest Funding		respect to this		Interest Funding		for payment		Subaccount		Interest Funding
Tranche		balance		accrual period		shortfalls		Subaccount		Distribution Date		Subaccount		to Noteholders		balance		Subaccount
Class A (2007-1)	$	0.00	$	4,708,333.33	$	0.00	$	4,708,333.33	$	0.00	$	4,708,333.33	$	4,708,333.33	$	0.00	$	0.00
Class A (2007-2)	$	0.00	$	611,458.33	$	0.00	$	611,458.33	$	0.00	$	611,458.33	$	0.00	$	611,458.33	$	4.35
Class A (2008-4)	$	0.00	$	3,531,250.00	$	0.00	$	3,531,250.00	$	0.00	$	3,531,250.00	$	3,531,250.00	$	0.00	$	0.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-1)	$	0.00	$	1,858,812.50	$	0.00	$	1,858,812.50	$	0.00	$	1,858,812.50	$	1,858,812.50	$	0.00	$	0.00
Class A (2009-2)	$	0.00	$	1,610,970.83	$	0.00	$	1,610,970.83	$	0.00	$	1,610,970.83	$	1,610,970.83	$	0.00	$	0.00
Class A (2010-1)	$	0.00	$	523,156.25	$	0.00	$	523,156.25	$	0.00	$	523,156.25	$	523,156.25	$	0.00	$	0.00
Class A (2010-2)	$	0.00	$	383,525.00	$	0.00	$	383,525.00	$	0.00	$	383,525.00	$	383,525.00	$	0.00	$	0.00
Class A (2010-A)	$	0.00	$	176,874.24	$	0.00	$	176,874.24	$	0.00	$	176,874.24	$	176,874.24	$	0.00	$	0.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-1)	$	0.00	$	447,541.67	$	0.00	$	447,541.67	$	0.00	$	447,541.67	$	447,541.67	$	0.00	$	0.00
Class A (2011-2)	$	0.00	$	422,011.11	$	0.00	$	422,011.11	$	0.00	$	422,011.11	$	422,011.11	$	0.00	$	0.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Total Class A	$	0.00	$	14,273,933.26	$	0.00	$	14,273,933.26	$	0.00	$	14,273,933.26	$	13,662,474.93	$	611,458.33	$	4.35

Class B (2007-1)	$	0.00	$	71,175.00	$	0.00	$	71,175.00	$	0.00	$	71,175.00	$	71,175.00	$	0.00	$	0.00
Class B (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2011-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Total Class B	$	0.00	$	71,175.00	$	0.00	$	71,175.00	$	0.00	$	71,175.00	$	71,175.00	$	0.00	$	0.00

Class C (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2011-1)	$	0.00	$	0.00	$	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	$	0.00	$	0.00

Total	$	0.00	$	14,345,108.26	$	0.00	$	14,345,108.26	$	0.00	$	14,345,108.26	$	13,733,649.93	$	611,458.33	$	4.35


8. Deposits to and withdrawals from Class C Reserve Subaccounts							(2):

											Amounts
				Income earned							withdrawn from
		Beginning Class		on funds on							Class C Reserve		Excess amounts		Ending Class C		Cumulative
		C Reserve		deposit in Class		Targeted deposit to			Actual deposit to		Subaccount for		withdrawn from		Reserve		Shortfall in Class
		Subaccount		C Reserve		Class C Reserve			Class C Reserve		application to		Class C Reserve		Subaccount		C Reserve
Tranche		balance		Subaccount		Subaccount			Subaccount		Class C Notes		Subaccount		balance		Subaccount
Class C (2009-1)	$	0.00	$	0.00	$	0.00		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2009-2)	$	0.00	$	0.00	$	0.00		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2010-1)	$	0.00	$	0.00	$	0.00		$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2011-1)	$	0.00	$	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	$	0.00


9. Deposits to and withdrawals from Accumulation Reserve Subaccounts:

								Amounts
								withdrawn from
								Accumulation						Income earned
		Beginning						Reserve		Excess amounts		Ending		on funds on
		Accumulation		Targeted deposit		Actual deposit to		Subaccount for		withdrawn from		Accumulation		deposit in
		Reserve		to Accumulation		Accumulation		use as Series		Accumulation		Reserve		Accumulation
		Subaccount		Reserve		Reserve		Finance Charge		Reserve		Subaccount		Reserve
Tranche		balance		Subaccount		Subaccount		Amounts		Subaccount		balance		Subaccount
Class A (2007-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2007-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2008-4)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-C)	$	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 (2007-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class B (2011-1)	$	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 (2009-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2009-2)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2010-1)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class C (2011-1)	$	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

10.

Class A: Required Subordinated Amount; Available Subordinated Amount; Usage:


		Required Subordinated Amount				Available Subordinated Amount of
		of Class B Notes				Class B Notes				Usage of Class B
		As of last		As of current		As of last		As of current		As of last		As of current
Tranche		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date
Class A (2007-1)	$	71,428,571.40	$	71,428,571.40	$	71,428,571.40	$	71,428,571.40	$	0.00	$	0.00
Class A (2007-2)	$	89,285,714.25	$	89,285,714.25	$	89,285,714.25	$	89,285,714.25	$	0.00	$	0.00
Class A (2008-4)	$	53,571,428.55	$	53,571,428.55	$	53,571,428.55	$	53,571,428.55	$	0.00	$	0.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-1)	$	107,142,857.10	$	107,142,857.10	$	107,142,857.10	$	107,142,857.10	$	0.00	$	0.00
Class A (2009-2)	$	92,857,142.82	$	92,857,142.82	$	92,857,142.82	$	92,857,142.82	$	0.00	$	0.00
Class A (2010-1)	$	53,571,428.55	$	53,571,428.55	$	53,571,428.55	$	53,571,428.55	$	0.00	$	0.00
Class A (2010-2)	$	42,857,142.84	$	42,857,142.84	$	42,857,142.84	$	42,857,142.84	$	0.00	$	0.00
Class A (2010-A)	$	17,857,142.85	$	17,857,142.85	$	17,857,142.85	$	17,857,142.85	$	0.00	$	0.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-1)	$	71,428,571.40	$	71,428,571.40	$	71,428,571.40	$	71,428,571.40	$	0.00	$	0.00
Class A (2011-2)	$	0.00	$	71,428,571.40	$	0.00	$	71,428,571.40	$	0.00	$	0.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Total Class A	$	599,999,999.76	$	671,428,571.16	$	599,999,999.76	$	671,428,571.16	$	0.00	$	0.00


		Required Subordinated Amount of				Available Subordinated Amount of
		Class C Notes				Class C Notes				Usage of Class C
		As of last		As of current		As of last		As of current		As of last		As of current
Tranche		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date
Class A (2007-1)	$	90,909,090.90	$	90,909,090.90	$	90,909,090.90	$	90,909,090.90	$	0.00		0.00
Class A (2007-2)	$	113,636,363.62	$	113,636,363.62	$	113,636,363.62	$	113,636,363.62	$	0.00		0.00
Class A (2008-4)	$	68,181,818.18	$	68,181,818.18	$	68,181,818.18	$	68,181,818.18	$	0.00		0.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Class A (2009-1)	$	136,363,636.35	$	136,363,636.35	$	136,363,636.35	$	136,363,636.35	$	0.00		0.00
Class A (2009-2)	$	118,181,818.17	$	118,181,818.17	$	118,181,818.17	$	118,181,818.17	$	0.00		0.00
Class A (2010-1)	$	68,181,818.18	$	68,181,818.18	$	68,181,818.18	$	68,181,818.18	$	0.00		0.00
Class A (2010-2)	$	54,545,454.54	$	54,545,454.54	$	54,545,454.54	$	54,545,454.54	$	0.00		0.00
Class A (2010-A)	$	22,727,272.72	$	22,727,272.72	$	22,727,272.72	$	22,727,272.72	$	0.00		0.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Class A (2011-1)	$	90,909,090.90	$	90,909,090.90	$	90,909,090.90	$	90,909,090.90	$	0.00		0.00
Class A (2011-2)	$	0.00	$	90,909,090.90	$	0.00	$	90,909,090.90	$	0.00		0.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Class A (2011-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00		0.00
Total Class A	$	763,636,363.56	$	854,545,454.46	$	763,636,363.56	$	854,545,454.46	$	0.00	$	0.00


		Required Subordinated Amount of				Available Subordinated Amount of
		Class D Notes				Class D Notes				Usage of Class D
		As of last		As of current		As of last		As of current		As of last		As of current
Tranche		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date
Class A (2007-1)	$	136,363,636.40	$	136,363,636.40	$	136,363,636.40	$	136,363,636.40	$	0.00	$	0.00
Class A (2007-2)	$	170,454,545.50	$	170,454,545.50	$	170,454,545.50	$	170,454,545.50	$	0.00	$	0.00
Class A (2008-4)	$	102,272,727.30	$	102,272,727.30	$	102,272,727.30	$	102,272,727.30	$	0.00	$	0.00
Class A (2008-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2009-1)	$	204,545,454.60	$	204,545,454.60	$	204,545,454.60	$	204,545,454.60	$	0.00	$	0.00
Class A (2009-2)	$	177,272,727.32	$	177,272,727.32	$	177,272,727.32	$	177,272,727.32	$	0.00	$	0.00
Class A (2010-1)	$	102,272,727.30	$	102,272,727.30	$	102,272,727.30	$	102,272,727.30	$	0.00	$	0.00
Class A (2010-2)	$	81,818,181.84	$	81,818,181.84	$	81,818,181.84	$	81,818,181.84	$	0.00	$	0.00
Class A (2010-A)	$	34,090,909.10	$	34,090,909.10	$	34,090,909.10	$	34,090,909.10	$	0.00	$	0.00
Class A (2010-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-D)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2010-E)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-1)	$	136,363,636.40	$	136,363,636.40	$	136,363,636.40	$	136,363,636.40	$	0.00	$	0.00
Class A (2011-2)	$	0.00	$	136,363,636.40	$	0.00	$	136,363,636.40	$	0.00	$	0.00
Class A (2011-A)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-B)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Class A (2011-C)	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
Total Class A	$	1,145,454,545.76	$	1,281,818,182.16	$	1,145,454,545.76	$	1,281,818,182.16	$	0.00	$	0.00

11.

Class B: Required Subordinated Amount; Available Subordinated Amount; Usage:


		Required Subordinated Amount of				Available Subordinated Amount of
		Class C Notes				Class C Notes				Usage of Class C
		As of last		As of current		As of last		As of current		As of last		As of current
Tranche		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date
Class B (2007-1)	$	157,408,568.38	$	174,127,481.65	$	157,408,568.38	$	174,127,481.65	$	0.00	$	0.00
Class B (2009-1)	$	125,926,854.71	$	139,301,985.31	$	125,926,854.71	$	139,301,985.31	$	0.00	$	0.00
Class B (2009-2)	$	314,817,136.76	$	348,254,963.30	$	314,817,136.76	$	348,254,963.30	$	0.00	$	0.00
Class B (2010-1)	$	141,667,711.54	$	156,714,733.48	$	141,667,711.54	$	156,714,733.48	$	0.00	$	0.00
Class B (2011-1)	$	59,028,213.14	$	65,297,805.62	$	59,028,213.14	$	65,297,805.62	$	0.00	$	0.00
Total Class B	$	798,848,484.53	$	883,696,969.36	$	798,848,484.53	$	883,696,969.36	$	0.00	$	0.00


		Required Subordinated Amount of				Available Subordinated Amount of
		Class D Notes				Class D Notes				Usage of Class D
		As of last		As of current		As of last		As of current		As of last		As of current
Tranche		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date
Class B (2007-1)	$	236,112,852.59	$	261,191,222.48	$	236,112,852.59	$	261,191,222.48	$	0.00	$	0.00
Class B (2009-1)	$	188,890,282.07	$	208,952,977.99	$	188,890,282.07	$	208,952,977.99	$	0.00	$	0.00
Class B (2009-2)	$	472,225,705.18	$	522,382,444.97	$	472,225,705.18	$	522,382,444.97	$	0.00	$	0.00
Class B (2010-1)	$	212,501,567.32	$	235,072,100.23	$	212,501,567.32	$	235,072,100.23	$	0.00	$	0.00
Class B (2011-1)	$	88,542,319.72	$	97,946,708.43	$	88,542,319.72	$	97,946,708.43	$	0.00	$	0.00
Total Class B	$	1,198,272,726.88	$	1,325,545,454.10	$	1,198,272,726.88	$	1,325,545,454.10	$	0.00	$	0.00

12.

Class C: Required Subordinated Amount; Available Subordinated Amount; Usage:


		Required Subordinated Amount of				Available Subordinated Amount of
		Class D Notes				Class D Notes				Usage of Class D
		As of last		As of current		As of last		As of current		As of last		As of current
Tranche		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date		Distribution Date
Class C (2009-1)	$	194,712,225.48	$	212,901,130.23	$	194,712,225.48	$	212,901,130.23	$	0.00	$	0.00
Class C (2009-2)	$	491,648,369.33	$	537,575,353.85	$	491,648,369.33	$	537,575,353.85	$	0.00	$	0.00
Class C (2010-1)	$	481,912,758.06	$	526,930,297.36	$	481,912,758.06	$	526,930,297.36	$	0.00	$	0.00
Class C (2011-1)	$	87,620,501.47	$	95,805,508.61	$	87,620,501.47	$	95,805,508.61	$	0.00	$	0.00
Total Class C	$	1,255,893,854.34	$	1,373,212,290.05	$	1,255,893,854.34	$	1,373,212,290.05	$	0.00	$	0.00


13. Excess Spread Triggers:

		For this			For the preceding Distribution			For the second preceding			Three-month average for this
		Distribution Date			Date			Distribution Date			Distribution Date
Excess Spread Amount (3)	$	177,747,172.75		$	168,971,614.51		$	149,584,976.24		$	165,434,587.83
Excess Spread Percentage (4)		16.31	%		16.20	%		14.34	%		15.61	%
Group Excess Spread (5)	$	242,391,167.60		$	233,275,591.54		$	209,821,161.07		$	228,495,973.40
Group Excess Spread Percentage (6)		16.49	%		16.40	%		14.56	%		15.82	%

14.

Excess Spread Early Redemption Event: No

U.S. BANK NATIONAL ASSOCIATION ,
as Indenture Trustee

^By:________________________________

(1)	Total amount of principal paid through this distribution date with respect to Class D(2009-1) is not shown.
(2)	The targeted deposit to or withdrawal from the Class C Reserve Account on the current distribution date is based on the three-month average Excess Spread Percentage on the previous distribution date.
(3)	The Excess Spread Amount means, generally, with respect to the DiscoverSeries notes for any distribution date: the difference, whether positive or negative, between


(x)	the sum of
	(a) the amount of Finance Charge Amounts allocated to the DiscoverSeries pursuant to the Indenture;
	(b) any amounts to be treated as Series Finance Charge Amounts and designated to be a part of the Excess Spread Amount pursuant to any Terms Document, including certain Series 2009-SD
	Principal Collections so designated;
	(c) an amount equal to income earned on all funds on deposit in the Principal Funding Account (including all subaccounts of such account) (net of investment expenses and losses); and
	(d) the amount withdrawn from the Accumulation Reserve Subaccount to cover the Accumulation Negative Spread on the Principal Funding Subaccounts, and

(y)	the sum of all interest, swap payments or accreted discount and servicing fees for the DiscoverSeries notes and reimbursement of all charged-off receivables allocated to the DiscoverSeries,
	in each case for the applicable period only.

(4)	The Excess Spread Percentage means, generally, with respect to the DiscoverSeries notes for any distribution date, the Excess Spread Amount, multiplied by twelve and divided by the sum of the Nominal Liquidation
	Amount of all outstanding DiscoverSeries notes as of the beginning of the related Due Period.

(5)	The Group Excess Spread is the sum of the series excess spreads for each series, including each subseries, in the group to which the Series 2007-CC Collateral Certificate belongs. For purposes of calculating the Group
	Excess Spread, Series Excess Spread for Series 2009-SD includes the Principal Collections available to other series in Group One through reallocation, except for those Principal Collections included by Series 2007-CC in
	the calculation of Series Excess Spread for the DiscoverSeries. With respect to series other than Series 2007-CC, the “series excess spread” generally means
	(w)	the sum of the Class A and Class B finance charge collections, interchange and investment income, minus
	(x)	the sum of
		(a)	Class A and Class B monthly interest;
		(b)	Class A and Class B monthly servicing fees;
		(c)	Class A and Class B monthly charge-offs; and
		(d)	the credit enhancement fee;
		in each case for the distribution date; minus
	(y)	for any series of certificates that has a subordinated interest rate swap, any payment made by the master trust pursuant to that interest rate swap.

	With respect to Series 2007-CC, the “series excess spread” generally means the Excess Spread Amount for the DiscoverSeries notes. See item 13 and footnote 3.
	The Group Excess Spread will be reported for so long as the Series 2007-CC collateral certificate is the only collateral certificate owned by the Note Issuance Trust.

(6)	The Group Excess Spread Percentage generally means the Group Excess Spread, multiplied by twelve and divided by the sum of the aggregate investor interest in receivables for all series of master trust certificates as of
	the beginning of the related Due Period.