Exhibit 1 ------------ [CHASE MANHATTAN BANK USA, N.A. LETTERHEAD] September 10, 1998 Yasuda Bank and Trust Company (U.S.A.) 666 Fifth Avenue, Suite 802 New York, New York 10103 Chase Manhattan Bank USA, National Association, as Servicer 802 Delaware Avenue Wilmington, Delaware 19801 re: Chase Manhattan Credit Card Master Trust - Removal of Accounts Ladies and Gentlemen: We refer to the Chase Manhattan Credit Card Master Trust (the Trust), established pursuant to the First Amended and Restated Pooling and Servicing Agreement, dated as of July 1, 1996 (the Pooling Agreement), between Yasuda Bank and Trust Company, as Trustee (the Trustee) and Chase Manhattan Bank USA, National Association, as Seller (the Seller) and Servicer (the Servicer). Section 2.07 of the Pooling Agreement provides that if, on any Determination date the Seller Interest (as therein defined) exceeds 10% of the Aggregate Principal Receivables at the end of the day immediately prior to such date of determination, the Seller may designate Receivables from Accounts for deletion and removal from the Trust (Removed Accounts). The Seller hereby notifies you that, effective as of October 1, 1998, pursuant to Reassignment No. 6 of Receivables in Removed Accounts, dated as of October 1, 1998, between the Trustee and the Seller, it will designate approximately $650 million aggregate amount of Receivables from certain randomly-selected accounts (the account numbers for which will be provided to you as soon as possible) as Removed Accounts, and will cause the Trustee to reconvey the Receivables from the Removed Accounts, whether now existing or hereafter created, from the Trust to the Seller. Very truly yours, CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION, as Seller /s/Keith Schuck --------------------------------- Keith Schuck Controller cc: Patrick Margey Cris Kako Martin Joyce David Morris Robert DeMauro Kevin Gilmartin