Exhibit 20.1

                         Chase Manhattan Bank USA, N.A.
                              Noteholders Statement

                      Chase Credit Card Owner Trust 2002-2




Section 7.3 Indenture                             Distribution Date: 5/17/2004
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(i)    Amount of the distribution allocable to principal of the Notes
            Class A Principal Payment                                     0.00
            Class B Principal Payment                                     0.00
            Class C Principal Payment                                     0.00
                      Total

       Amount of the distribution allocable to the principal on the Notes per
       $1,000 of the initial principal balance of the Notes
            Class A Principal Payment                                     0.00
            Class B Principal Payment                                     0.00
            Class C Principal Payment                                     0.00
                      Total

(ii)   Amount of the distribution allocable to the interest on the Notes
            Class A Note Interest Requirement                     1,202,133.33
            Class B Note Interest Requirement                       124,568.89
            Class C Note Interest Requirement                       224,000.00
                      Total                                       1,550,702.22

       Amount of the distribution allocable to the interest on the Notes per
       $1,000 of the initial principal balance of the Notes
              Class A Note Interest Requirement                        1.02222
              Class B Note Interest Requirement                        1.27111
              Class C Note Interest Requirement                        1.77778

(iii)  Aggregate Outstanding Principal Balance of the Notes
              Class A Note Principal Balance                     1,176,000,000
              Class B Note Principal Balance                        98,000,000
              Class C Note Principal Balance                       126,000,000

(iv)   Amount on deposit in Owner Trust Spread Account           14,000,000.00

(v)    Required Owner Trust Spread Account Amount                14,000,000.00



                                            By:
                                              ------------------------
                                            Name:  Patricia M. Garvey
                                            Title: Vice President