Exhibit 99.2 March 25, 2003 Management Report on Internal Control over Servicing of Securitized Credit Card Receivables Management of Chase Manhattan Bank USA, N.A. is responsible for establishing and maintaining effective internal control over servicing of securitized credit card receivables, which is designed to provide reasonable assurance regarding the proper servicing of securitized credit card receivables. The internal control system contains self-monitoring mechanisms, and actions are taken to correct deficiencies as they are identified. There are inherent limitations in any internal control, including the possibility of human error and the circumvention or overriding of controls. Accordingly, even effective internal control can provide only reasonable assurance with respect to servicing of securitized credit card receivables. Further, because of changes in conditions, the effectiveness of internal control may vary over time. Management of Chase Manhattan Bank USA, N.A. assessed its internal control over servicing of securitized credit card receivables as of December 31, 2002 in relation to the criteria for effective internal control established in "Internal Control-Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management believes that, as of December 31, 2002, Chase Manhattan Bank USA, N.A. maintained effective internal control over servicing of securitized credit card receivables. /s/ Michael Barrett - ----------------------- Michael Barrett President Chase Manhattan Bank USA, N.A. /s/ Keith Schuck - ------------------------- Keith Schuck Vice President/CFO Chase Manhattan Bank USA, N.A.