Jpmorgan Chase Bank, National Association 8-K Other Events

Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - March 2006

Series		1996-3		1998-4		2001-2		2001-4		2001-6		2002-1
Deal Size		$435MM		$599MM		$595MM		$1,000MM		$1,200MM		$1,000MM
Expected Maturity		7/15/2006		9/15/2008		6/15/2006		8/15/2006		12/15/2006		3/15/2007
Yield		19.34	%	19.32	%	19.34	%	19.34	%	19.32	%	19.32	%
Less:	Coupon	6.85	%	4.85	%	4.83	%	5.25	%	4.87	%	4.83	%
	Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
	Net Credit Losses	2.94	%	2.94	%	2.94	%	2.94	%	2.94	%	2.94	%
Excess Spread:
	March-06	8.05	%	10.03	%	10.07	%	9.65	%	10.01	%	10.05	%
	February-06	6.32	%	8.39	%	8.41	%	8.67	%	8.37	%	8.41	%
	January-06	5.40	%	7.53	%	7.56	%	7.68	%	7.52	%	7.56	%
Three Month Average Excess Spread		6.59	%	8.65	%	8.68	%	8.67	%	8.63	%	8.68	%
Delinquency:
	30 to 59 Days	1.09	%	1.09	%	1.09	%	1.09	%	1.09	%	1.09	%
	60 to 89 Days	0.74	%	0.74	%	0.74	%	0.74	%	0.74	%	0.74	%
	90+ Days	1.47	%	1.47	%	1.47	%	1.47	%	1.47	%	1.47	%
	Total	3.30	%	3.30	%	3.30	%	3.30	%	3.30	%	3.30	%
Principal Payment Rate		19.83	%	19.83	%	19.83	%	19.83	%	19.83	%	19.83	%
Series		2002-3		2002-5		2002-7		2003-2		2003-3		2003-4
Deal Size		$1,500MM		$1,000MM		$750MM		$1,340MM		$1,425MM		$725MM
Expected Maturity		6/15/2009		7/15/2007		11/15/2007		4/15/2008		7/15/2008		10/15/2013
Yield		19.32	%	19.32	%	19.32	%	19.32	%	19.32	%	19.32	%
Less:	Coupon	4.89	%	4.82	%	4.87	%	4.86	%	4.84	%	4.99	%
	Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
	Net Credit Losses	2.94	%	2.94	%	2.94	%	2.94	%	2.94	%	2.94	%
Excess Spread:
	March-06	9.99	%	10.06	%	10.01	%	10.02	%	10.04	%	9.89	%
	February-06	8.34	%	8.42	%	8.37	%	8.38	%	8.40	%	8.25	%
	January-06	7.49	%	7.57	%	7.52	%	7.53	%	7.55	%	7.40	%
Three Month Average Excess Spread		8.61	%	8.68	%	8.63	%	8.64	%	8.66	%	8.52	%
Delinquency:
	30 to 59 Days	1.09	%	1.09	%	1.09	%	1.09	%	1.09	%	1.09	%
	60 to 89 Days	0.74	%	0.74	%	0.74	%	0.74	%	0.74	%	0.74	%
	90+ Days	1.47	%	1.47	%	1.47	%	1.47	%	1.47	%	1.47	%
	Total	3.30	%	3.30	%	3.30	%	3.30	%	3.30	%	3.30	%
Principal Payment Rate		19.83	%	19.83	%	19.83	%	19.83	%	19.83	%	19.83	%

Series		2003-5		2003-6		2004-1		2004-2
Deal Size		$1,000MM		$2,000MM		$1,500MM		$1,750MM
Expected Maturity		10/15/2008		11/15/2008		2/15/2007		6/15/2007
Yield		19.32	%	19.32	%	19.32	%	19.32	%
Less:	Coupon	4.83	%	4.82	%	4.71	%	4.73	%
	Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%
	Net Credit Losses	2.94	%	2.94	%	2.94	%	2.94	%
Excess Spread:
	March-06	10.05	%	10.07	%	10.17	%	10.16	%
	February-06	8.40	%	8.42	%	8.52	%	8.50	%
	January-06	7.55	%	7.57	%	7.66	%	7.64	%
Three Month Average Excess Spread		8.67	%	8.69	%	8.78	%	8.77	%
Delinquency:
	30 to 59 Days	1.09	%	1.09	%	1.09	%	1.09	%
	60 to 89 Days	0.74	%	0.74	%	0.74	%	0.74	%
	90+ Days	1.47	%	1.47	%	1.47	%	1.47	%
	Total	3.30	%	3.30	%	3.30	%	3.30	%
Principal Payment Rate		19.83	%	19.83	%	19.83	%	19.83	%