EXHIBIT 34.1

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Shareholders
First National Bank of Omaha

We have examined management's assertion, included in the accompanying
Management's Report on Assessment of Compliance with SEC Regulation AB Servicing
Criteria, that First National Bank of Omaha (FNBO), complied with the servicing
criteria set forth in Item 1122(d) of the Securities and Exchange Commission's
Regulation AB for asset-backed securities transactions involving credit card
receivables conducted by First National Master Note Trust (the "Platform") as of
and for the year ended December 31, 2008, excluding criteria 1122(d)(1)(iii),
1122(d)(2)(iii), 1122(d)(2)(vi), 1122(d)(3)(iii), 1122(d)(3)(iv) and
1122(d)(4)(x), which management has determined are not applicable to the
activities performed by FNBO with respect to the Platform. Management is
responsible for FNBO's compliance with the servicing criteria. Our
responsibility is to express an opinion on management's assertion about FNBO's
compliance with the servicing criteria based on our examination.

Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants, as
adopted by the Public Company Accounting Oversight Board (United States), and,
accordingly, included examining, on a test basis, evidence about FNBO's
compliance with the applicable servicing criteria, including tests on a sample
basis of the servicing activities related to the Platform, determining whether
FNBO performed those selected activities in compliance with the servicing
criteria during the specified period, and performing such other procedures as we
considered necessary in the circumstances. Our procedures were limited to
selected servicing activities performed by FNBO during the period covered by
this report and, accordingly, such samples may not have included servicing
activities related to each asset-backed transaction included in the Platform.
Further, an examination is not designed to detect noncompliance arising from
errors that may have occurred prior to the period specified above that may have
affected the balances or amounts calculated or reported by FNBO during the
period covered by this report. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on FNBO's compliance with the servicing criteria.

In our opinion, management's assertion that FNBO complied with the
aforementioned applicable servicing criteria as of and for the year ended
December 31, 2008 for the Platform is fairly stated, in all material respects.


/s/ Deloitte & Touche LLP

Omaha, Nebraska
March 27, 2009