Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis—September 2008

Series Deal Size Expected Maturity	2002-3 $1,500MM 6/15/2009		2003-4 $725MM 10/15/2013		2003-5(a) $1,000MM 10/15/2008		2003-6(a) $2,000MM 11/15/2008
Yield	15.01	%	15.01	%	54.46	%	12.51	%
Less: Coupon	2.73	%	2.82	%	2.98	%	2.65	%
Servicing Fee	1.50	%	1.50	%	1.50	%	0.66	%
Net Credit Losses	5.07	%	5.07	%	18.36	%	3.65	%
Excess Spread:
September-08	5.71	%	5.62	%	31.62	%	5.55	%
August-08	5.81	%	5.72	%	6.98	%	6.63	%
July-08	6.93	%	6.84	%	6.99	%	7.02	%
Three Month Average Excess Spread	6.15	%	6.06	%	15.20	%	6.40	%
Delinquency:
30 to 59 Days	0.99	%	0.99	%	0.99	%	0.99	%
60 to 89 Days	0.75	%	0.75	%	0.75	%	0.75	%
90+ Days	1.61	%	1.61	%	1.61	%	1.61	%
Total	3.35	%	3.35	%	3.35	%	3.35	%
Principal Payment Rate	15.76	%	15.76	%	15.76	%	15.76	%

(a) series performance data is skewed by allocation methodology during the Controlled Accumulation Period