Jpmorgan Chase Bank, National Association 8-K Other Events

Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - June 2006

Series Deal Size Expected Maturity		1996-3 $435MM 7/15/2006		1998-4 $599MM 9/15/2008		2001-4 $1,000MM 8/15/2006		2001-6 $1,200MM 12/15/2006		2002-1 $1,000MM 3/15/2007		2002-3 $1,500MM 6/15/2009
Yield		17.96	%	17.85	%	17.87	%	17.85	%	17.85	%	17.85	%
Less:	Coupon	5.88	%	5.34	%	5.66	%	5.40	%	5.35	%	5.42	%
	Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
	Net Credit Losses	3.82	%	3.82	%	3.82	%	3.82	%	3.82	%	3.82	%
Excess Spread:
	June-06	6.76	%	7.18	%	6.88	%	7.13	%	7.17	%	7.11	%
	May-06	5.69	%	7.40	%	7.23	%	7.33	%	7.37	%	7.31	%
	April-06	4.98	%	6.88	%	7.14	%	6.81	%	6.85	%	6.78	%
Three Month Average Excess Spread		5.81	%	7.16	%	7.09	%	7.09	%	7.13	%	7.06	%
Delinquency:
	30 to 59 Days	1.03	%	1.03	%	1.03	%	1.03	%	1.03	%	1.03	%
	60 to 89 Days	0.69	%	0.69	%	0.69	%	0.69	%	0.69	%	0.69	%
	90+ Days	1.67	%	1.67	%	1.67	%	1.67	%	1.67	%	1.67	%
	Total	3.39	%	3.39	%	3.39	%	3.39	%	3.39	%	3.39	%
Principal Payment Rate		18.50	%	18.50	%	18.50	%	18.50	%	18.50	%	18.50	%
Series Deal Size Expected Maturity		2002-5 $1,000MM 7/15/2007		2002-7 $750MM 11/15/2007		2003-2 $1,340MM 4/15/2008		2003-3 $1,425MM 7/15/2008		2003-4 $725MM 10/15/2013		2003-5 $1,000MM 10/15/2008
Yield		17.85	%	17.85	%	17.85	%	17.85	%	17.85	%	17.85	%
Less:	Coupon	5.35	%	5.40	%	5.39	%	5.37	%	5.51	%	5.36	%
	Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
	Net Credit Losses	3.82	%	3.82	%	3.82	%	3.82	%	3.82	%	3.82	%
Excess Spread:
	June-06	7.18	%	7.13	%	7.14	%	7.16	%	7.01	%	7.17	%
	May-06	7.38	%	7.33	%	7.34	%	7.36	%	7.21	%	7.37	%
	April-06	6.85	%	6.81	%	6.81	%	6.83	%	6.69	%	6.84	%
Three Month Average Excess Spread		7.14	%	7.09	%	7.10	%	7.12	%	6.97	%	7.12	%
Delinquency:
	30 to 59 Days	1.03	%	1.03	%	1.03	%	1.03	%	1.03	%	1.03	%
	60 to 89 Days	0.69	%	0.69	%	0.69	%	0.69	%	0.69	%	0.69	%
	90+ Days	1.67	%	1.67	%	1.67	%	1.67	%	1.67	%	1.67	%
	Total	3.39	%	3.39	%	3.39	%	3.39	%	3.39	%	3.39	%
Principal Payment Rate		18.50	%	18.50	%	18.50	%	18.50	%	18.50	%	18.50	%

Series Deal Size Expected Maturity		2003-6 $2,000MM 11/15/2008		2004-1 $1,500MM 2/15/2007		2004-2 $1,750MM 6/15/2007
Yield		17.85	%	17.85	%	17.85	%
Less:	Coupon	5.34	%	5.24	%	5.25	%
	Servicing Fee	1.50	%	1.50	%	1.50	%
	Net Credit Losses	3.82	%	3.82	%	3.82	%
Excess Spread:
	June-06	7.18	%	7.29	%	7.28	%
	May-06	7.38	%	7.49	%	7.47	%
	April-06	6.86	%	6.97	%	6.95	%
Three Month Average Excess Spread		7.14	%	7.25	%	7.23	%
Delinquency:
	30 to 59 Days	1.03	%	1.03	%	1.03	%
	60 to 89 Days	0.69	%	0.69	%	0.69	%
	90+ Days	1.67	%	1.67	%	1.67	%
	Total	3.39	%	3.39	%	3.39	%
Principal Payment Rate		18.50	%	18.50	%	18.50	%