Investor Certificateholders' Monthly Statement

Discover Card Master Trust I

Series 2007-CC Monthly Statement

                                                                                                                                                                                                                                                                                                                                                                                                                                Exhibit 99.1

Distribution Date: February 16, 2016

Month Ending: January 31, 2016

Pursuant to the Amended and Restated Series Supplement dated as of December 22, 2015, as amended (the "Series Supplement"), relating to the Third Amended and Restated Pooling and Servicing Agreement dated as of December 22, 2015, in each case as amended prior to the distribution date noted above, among Discover Bank, Discover Funding LLC (the "Depositor"), 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:

Third Amended and Restated Pooling and			As Exhibit 4.2 to the Current Report on Form 8-K filed on December 23, 2015 by the
Servicing Agreement			Depositor, the Master Trust and Discover Card Execution Note Trust.
Amended and Restated Series Supplement			As Exhibit 4.3 to the Current Report on Form 8-K filed on December 23, 2015 by the
			Depositor, the Master Trust and Discover Card Execution Note Trust.
1	.	Principal Receivables for January, 2016			Beginning Balances		Ending Balances
(a)		Aggregate Investor Interest (including Series 2007-CC		$	21,907,103,827.00	$	20,923,497,269.00
		Investor Interest)
		Transferor Interest		$	6,650,387,628.69	$	6,673,586,798.81
		Total Master Trust		$	28,557,491,455.69	$	27,597,084,067.81
(b)		Group One Investor Interest		$	21,907,103,827.00	$	20,923,497,269.00
(c)		Series 2007-CC Investor Interest		$	21,907,103,827.00	$	20,923,497,269.00
(d)		Total Master Trust # of Accounts			14,442,527		14,419,712
(e)		Minimum Principal Receivables Balance at the end of month (1)				$	22,498,384,160.22
(f)		Amount by which Master Trust Principal Receivables Exceeded
		the Minimum Principal Receivables Balance at the end of month				$	5,098,699,907.59
(g)		Percentage of the Principal Receivables that reflect Transferor Interest					24.18	%

2	.	Allocation Percentages at the beginning of January, 2016	(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									76.7123	%
			(b)	Series 2007-CC Principal Collections Allocation Percentage									76.7123	%
			(c)	Series 2007-CC Charge-Off Allocation Percentage									76.7123	%
			(d)	Series 2007-CC Interchange Allocation Percentage									76.7123	%
3	.		Allocation of Receivables and other amounts collected during January, 2016
				Finance Charge Collections					Principal Collections				Interchange
		(a)	Allocation between Investors and Transferor:
			Aggregate Investor Allocation
			(including Series 2007-CC Allocation)		$	260,087,633.36		$	4,970,119,531.14			$	69,321,230.32
			Transferor Allocation		$	78,955,301.55		$	1,508,788,715.83			$	21,043,978.80
		(b)	Group One Allocation		$	260,087,633.36		$	4,970,119,531.14			$	69,321,230.32
		(c)     Series 2007-CC Allocation			$	260,087,633.36		$	4,970,119,531.14			$	69,321,230.32
		(d)	Reallocation to Series 2007-CC from other Series		$	0.00				$	0.00	$	0.00
		(e)	Reallocation from Series 2007-CC to other Series		$	0.00				$	0.00	$	0.00
		(f)	Group One Portfolio Yield as an annualized percentage			13.45	%				N/A		3.80	%
			of the Aggregate Investor Interest (FCC yield excludes
			principal recoveries)
		(g)	Series 2007-CC Portfolio Yield as an annualized			13.45	%				N/A		3.80	%
			percentage of the Series Investor Interest (FCC yield
			excludes principal recoveries)
		(h)	Principal Collections as a monthly percentage of Master Trust Receivables										22.44	%
			at the beginning of January, 2016
		(i)	Finance Charge Collections as a monthly percentage of Master Trust Receivables										1.17	%
			at the beginning of January, 2016
		(j)	Total Collections as a monthly percentage of Master Trust Receivables										23.61	%
			at the beginning of January, 2016
		(k)	Interchange as a monthly percentage of Master Trust Receivables										0.31	%
			at the beginning of January, 2016
		(l)	Total Collections and Interchange as a monthly percentage of Master Trust Receivables										23.93	%
			at the beginning of January, 2016
		(m)    Trust Collections deposited for the month (2)
						Prior Month							January, 2016
						$18,654,290.56                                            $920,020,572.78

4	.	Investor Charged-Off Amount							Cumulative Reductions in
									Series Investor Interests Due to
						January, 2016			Investor Charged-Off Amounts
(a)		Group One			$	44,825,730.25				$	0.00
(b)		Series 2007-CC			$	44,825,730.25				$	0.00
(c)		As an annualized percentage of
		Principal Receivables at the
		beginning of January, 2016				2.46	%				N/A
5	.	Investor Monthly Servicing Fee payable to Discover Bank on this Distribution Date
		(a) Group One						$	36,511,839.73
		(b) Series 2007-CC						$	36,511,839.73
6	.	Delinquency Summary
		(a) Master Trust Receivables Outstanding at the end of January, 2016						$	27,929,495,087.83
				Number of		Delinquent Amount			Percentage of Ending
			Payment Status	Delinquent Accounts		Ending Balance			Receivables Outstanding
			30-59 Days	17,263	$	111,321,420.78			0.40			%
			60-89 Days	12,334	$	86,291,882.82			0.31			%
			90-119 Days	9,273	$	71,212,193.61			0.25			%
			120-149 Days	7,685	$	62,961,636.60			0.23			%
			150-179 Days	6,751	$	56,645,054.89			0.20			%
			180+ Days	0	$	0.00			0.00			%
			Total	53,306	$	388,432,188.70			1.39			%
		(b) Delinquency Percentage (60+ Days):		0.99%
7	.	Total Master Trust and Investor Principal Charge-Offs on this Distribution Date                Total MT Amount							Investor Amount		Rate
		(a)	Gross Charge-offs (rate shown as an annualized percentage of
			applicable Principal Receivables at the beginning of January, 2016)		$	58,433,563.13		$	44,825,730.25		2.46	%
		(b)	Recoveries (rate shown as an annualized percentage of
			applicable Principal Receivables at the beginning of January, 2016)		$	18,896,996.45		$	14,496,320.61		0.79	%
		(c)	Net Charge-offs (rate shown as an annualized percentage of
			applicable Principal Receivables at the beginning of January, 2016)		$	39,536,566.68		$	30,329,409.64		1.66	%

(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 Funding LLC 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 Notes (or Certificates) 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 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.