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                CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,

                        as Depositor and Administrator


                                      and


                     CHASE CREDIT CARD OWNER TRUST 2000-2

                                   as Issuer




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                                    DEPOSIT

                                      AND

                           ADMINISTRATION AGREEMENT

                          Dated as of April 13, 2000


                              ==================




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                               TABLE OF CONTENTS

                                  ARTICLE I.

                                  DEFINITIONS
         SECTION 1.1.  Definitions  . . . . . . . . . . . . . . . . . . .    1
         SECTION 1.2.  Usage of Terms . . . . . . . . . . . . . . . . . .    1

                                 ARTICLE  II.

                            DEPOSIT OF CERTIFICATE

         SECTION 2.1.  Deposit of Certificate and Initial Deposit . . . .    1
         SECTION 2.2.  Closing  . . . . . . . . . . . . . . . . . . . . .    3
         SECTION 2.3.  Books and Records  . . . . . . . . . . . . . . . .    3
         SECTION 2.4.  Holder of the Series Certificate . . . . . . . . .    3

                                 ARTICLE III.

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

         SECTION 3.1.  Representations and Warranties of Depositor  . . .    4

                                  ARTICLE IV.

                                ADMINISTRATION

         SECTION 4.1.  Duties as Administrator  . . . . . . . . . . . . .    5
         SECTION 4.2.  Records  . . . . . . . . . . . . . . . . . . . . .   13
         SECTION 4.3.  [Reserved] . . . . . . . . . . . . . . . . . . . .   13
         SECTION 4.4.  Additional Information To Be Furnished to
                         Issuer . . . . . . . . . . . . . . . . . . . . .   13
         SECTION 4.5.  Independence of Administrator  . . . . . . . . . .   14
         SECTION 4.6.  No Joint Venture . . . . . . . . . . . . . . . . .   14
         SECTION 4.7.  Other Activities of Administrator  . . . . . . . .   14
         SECTION 4.8.  Net Deposits . . . . . . . . . . . . . . . . . . .   14

                                  ARTICLE V.

                                  TERMINATION

         SECTION 5.1.  Term of Agreement; Resignation and Removal of
                         Administrator  . . . . . . . . . . . . . . . . .   15
         SECTION 5.2.  Action upon Termination, Resignation or
                         Removal  . . . . . . . . . . . . . . . . . . . .   17
         SECTION 5.3.  Acquisition of Owner Trust Estate  . . . . . . . .   17


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                                  ARTICLE VI.

                                 MISCELLANEOUS

         SECTION 6.1.  Notices  . . . . . . . . . . . . . . . . . . . . .   17
         SECTION 6.2.  Amendments . . . . . . . . . . . . . . . . . . . .   18
         SECTION 6.3.  Protection of Title to Owner Trust . . . . . . . .   19
         SECTION 6.4.  Successors and Assigns . . . . . . . . . . . . . .   20
         SECTION 6.5.  GOVERNING LAW  . . . . . . . . . . . . . . . . . .   21
         SECTION 6.6.  Headings . . . . . . . . . . . . . . . . . . . . .   21
         SECTION 6.7.  Counterparts . . . . . . . . . . . . . . . . . . .   21
         SECTION 6.8.  Severability . . . . . . . . . . . . . . . . . . .   21
         SECTION 6.9.  Not Applicable to Chase Manhattan Bank USA,
                         National Association in Other Capacities . . . .   21
         SECTION 6.10. Limitation of Liability of Owner Trustee,
                         Indenture Trustee and Administrator  . . . . . .   21
         SECTION 6.11. Third-Party Beneficiary  . . . . . . . . . . . . .   22
         SECTION 6.12. Nonpetition Covenants  . . . . . . . . . . . . . .   22
         SECTION 6.13. Liability of Administrator . . . . . . . . . . . .   23



Exhibit A        Power of Attorney

























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                 This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of April
13, 2000  (as amended, supplemented or otherwise modified and in effect from
time to time, this "Agreement"), is made between CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION, a national banking association having its principal
executive offices located at 802 Delaware Avenue, Wilmington, Delaware 19801
("Chase USA," the "Transferor" or the "Depositor" in its respective
capacities as such), and WILMINGTON TRUST COMPANY, not in its individual
capacity but solely as Owner Trustee of Chase Credit Card Owner Trust 2000-2,
a Delaware common law trust, as issuer (the "Issuer").

                             W I T N E S S E T H :

                 In consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:


                                  ARTICLE I.

                                  DEFINITIONS

                 SECTION 1.1.  Definitions.  Whenever used in this Agreement,
words and phrases, unless defined herein or the context otherwise requires,
shall have the meanings set forth in the Indenture.

                 SECTION 1.2.  Usage of Terms.  With respect to all terms in
this Agreement, the singular includes the plural and the plural the singular;
words importing any gender include the other gender; references to "writing"
include printing, typing, lithography, and other means of reproducing words
in a visible form; references to agreements and other contractual instruments
include all subsequent amendments thereto or changes therein entered into in
accordance with their respective terms and not prohibited by this Agreement;
references to Persons include their permitted successors and assigns; and the
term "including" means "including without limitation."  All references herein
to Articles, Sections, Subsections and Exhibits are references to Articles,
Sections, Subsections and Exhibits contained in or attached to this Agreement
unless otherwise specified, and each such Exhibit is part of the terms of
this Agreement.


                                 ARTICLE  II.

                            DEPOSIT OF CERTIFICATE

                 SECTION 2.1.  Deposit of Certificate and Initial Deposit.
(a)  In consideration of the Issuer's delivery of the Notes to and upon the
order of the Depositor, the Depositor does hereby transfer, assign, set-over,
pledge and otherwise convey to the Issuer, without recourse (subject to the

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Depositor's obligations herein), all right, title, and interest of the
Depositor in, to and under (i) the Series Certificate, and all money,
instruments, investment property and other property (together with all
earnings, dividends, distributions, income, issues, and profits relating
thereto), distributed or distributable in respect of the Series Certificate
pursuant to the terms of the Series Supplement and the Pooling and Servicing
Agreement after the Closing Date and (ii) the initial deposit to the Owner
Trust Spread Account in the amount of $10,714,290 on the Closing Date.

                 This Agreement also shall be deemed to be, and hereby is, a
security agreement within the meaning of the UCC, and the conveyance by the
Depositor provided for in this Agreement shall be deemed to be and hereby is
a grant by the Depositor to the Issuer of a security interest in and to all
of the Depositor's right, title and interest, whether now owned or hereafter
acquired, in, to and under all accounts, general intangibles, chattel paper,
instruments, documents, money, deposit accounts, arising from, or relating to
the Series Certificate and the proceeds thereof, to secure the rights of the
Issuer under this Agreement and the obligations of the Depositor hereunder.
The Depositor and the Issuer shall, to the extent consistent with this
Agreement, take such actions as may be necessary to ensure that the security
interest in the Series Certificate created hereunder will be a perfected
security interest of first priority under applicable law and will be
maintained as such throughout the term of this Agreement.

                 It is the intention of the Depositor and the Issuer that (a)
the assignment and transfer herein contemplated constitute a sale of the
Series Certificate, conveying good title thereto free and clear of any liens
and encumbrances, from the Depositor to the Issuer and (b) the Series
Certificate not be part of the Depositor's estate in the event of an
insolvency of the Depositor.  In the event that such conveyance is deemed to
be a pledge to secure a loan, the Depositor hereby grants to the Issuer a
first priority perfected security interest in all of the Depositor's right,
title and interest in, to and under the Series Certificate, and in all
proceeds of the foregoing, to secure the loan deemed to be made in connection
with such pledge and, in such event, this Agreement shall constitute a
security agreement under applicable law.

                 (b)      To the extent that the Depositor retains any
interest in the Series Certificate, the Depositor hereby grants to the
Indenture Trustee for the benefit of the Holders of the Notes a security
interest in all of the Depositor's right, title, and interest, whether now
owned or hereafter acquired, in, to, and under all accounts, general
intangibles, chattel paper, instruments, documents, money, deposit accounts,
certificates of deposit, goods, letters of credit, advices of credit, and
investment property consisting of, arising from, or relating to the Series
Certificate and the proceeds thereof (collectively, the "Indenture
Collateral"), to secure the performance of all of the obligations of the

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Depositor under the Indenture and the other Basic Documents.  With respect to
the Indenture Collateral, the Indenture Trustee shall have all of the rights
it has under the Indenture and the other Basic Documents.  The Indenture
Trustee shall have all of the rights of a secured creditor under the UCC in
New York and the UCC in Delaware.

                 SECTION 2.2.  Closing.  The sale of the Series Certificate
shall take place at the offices of Simpson Thacher & Bartlett, New York, New
York on the Closing Date, simultaneously with the closing of the other
transactions contemplated by the Basic Documents.

                 SECTION 2.3.  Books and Records.

                          (a)     In connection with the transfer,
         assignment, set-over, pledge and conveyance set forth in Section 2.1,
         the Depositor agrees to record and file, at its own expense, any
         financing statements (and continuation statements with respect to
         such financing statements when applicable) required to be filed with
         respect to the Series Certificate assigned by the Depositor
         hereunder, meeting the requirements of applicable state law in such
         manner and in such jurisdictions as are necessary under applicable
         law to perfect the transfer, assignment, set-over, pledge and
         conveyance of the Series Certificate to the Issuer, and to deliver a
         file-stamped copy of such financing statements or other evidence of
         such filings to the Issuer on or prior to the Closing Date (excluding
         such continuation and similar statements, which shall be delivered
         promptly after filing).

                          (b)     In connection with the transfer,
         assignment, set-over, pledge and conveyance hereunder, the Depositor
         further agrees, at its own expense, on or prior to the Closing Date
         to cause the Master Trust Trustee to register the Issuer as the
         registered owner of the Series Certificate.

                 SECTION 2.4.  Holder of the Series Certificate.  For so long
as the Series Certificate is pledged to the Indenture Trustee under the
Indenture, the Indenture Trustee initially shall be deemed to be the holder
of the Series Certificate for all purposes under the Pooling and Servicing
Agreement and the Series Supplement.  To the extent the Series Certificate is
sold or otherwise transferred, subject to the provisions of Section 5.4 of
the Indenture and Section 16 of the Series Supplement, to a third-party in
connection with the sale or liquidation of the Owner Trust Estate pursuant to
the provisions of the Indenture, such transferee shall be deemed to be the
holder of the Series Certificate for all purposes under the Pooling and
Servicing Agreement and the Series Supplement.



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                                 ARTICLE III.

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

                 SECTION 3.1.  Representations and Warranties of Depositor.
The Depositor makes the following representations and warranties with respect
to the Series Certificate on which the Issuer is deemed to have relied in
acquiring the Series Certificate.  Such representations and warranties speak
as of the execution and delivery of this Agreement, but shall survive the
transfer and assignment of the Series Certificate to the Issuer and the
pledge thereof to the Indenture Trustee pursuant to the Indenture.

                          (a)     Title.  It is the intention of the
         Depositor (i) that the transfer contemplated in subsection 2.1(a)
         herein constitute either (A) a sale of the Series Certificate, or (B)
         a grant of a perfected security interest therein from the Depositor
         to the Issuer and (ii) to the extent that the Depositor retains any
         interest in the Series Certificate after the transfer contemplated by
         subsection 2.1(a) herein, that the grant contemplated in subsection
         2.1(b) herein constitute a grant of a perfected security interest
         therein from the Depositor to the Indenture Trustee for the benefit
         of the Holders of the Notes and that the beneficial interest in the
         title to the Series Certificate not be part of the debtor's estate in
         the event of the filing of a bankruptcy petition by or against the
         Depositor under any bankruptcy law.  The Series Certificate has not
         been sold, transferred, assigned or pledged by the Depositor to any
         Person other than pursuant to this Agreement.  Immediately prior to
         the transfer and assignment herein contemplated, the Depositor had
         good and marketable title to the Series Certificate, free and clear
         of all liens and rights of others and, immediately upon the transfer
         thereof, the Issuer shall have good and marketable title to the
         Series Certificate, free and clear of all liens of rights of others
         or a first priority perfected security interest therein; and the
         transfer has been perfected, by the filing of appropriate financing
         statements pursuant to the UCC, under the UCC.  The Depositor has no
         actual knowledge of any current statutory or other non-consensual
         liens to which the Series Certificate is subject.

                          (b)     No Consents Required.  All approvals,
         authorizations, consents, orders or other actions of any Person or of
         any Governmental Authority required in connection with the execution
         and delivery by the Depositor of this Agreement or any other Basic
         Document, the performance by the Depositor of the transactions
         contemplated by this Agreement or any other Basic Document and the
         fulfillment by the Depositor of the terms hereof and thereof have
         been obtained or have been completed and are in full force and effect
         (other than approvals, authorizations, consents, orders and other

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<PAGE>

         actions which if not obtained or completed or in full force or effect
         would not have a material adverse effect on the Depositor or the
         Issuer or upon the collectibility of the proceeds from the Series
         Certificate or upon the ability of the Depositor to perform its
         obligations under this Agreement).

                          (c)     Transfers Comply.  Each of (i) the transfer
         of the Series Certificate by the Depositor to the Issuer pursuant to
         the terms of this Agreement, (ii) the pledge of the Series
         Certificate by the Depositor to the Indenture Trustee for the benefit
         of the Holders of the Notes pursuant to the terms of this Agreement,
         and (iii) the pledge of the Series Certificate by the Issuer to the
         Indenture Trustee pursuant to the terms of the Indenture, comply with
         the provisions of the Pooling and Servicing Agreement and the Series
         Supplement relating to the transfers of the Series Certificate.

                          (d)     All Actions Taken.  All actions necessary
         under the applicable UCC in any jurisdiction to be taken (i) to give
         the Issuer a first priority perfected security interest or ownership
         interest in the Series Certificate, and (ii) to give the Indenture
         Trustee a first priority perfected security interest therein
         (including, without limitation, UCC filings with the Delaware
         Secretary of State), in each case subject to any statutory or other
         non-consensual liens with respect to the Series Certificate, have
         been taken.  The Depositor has no actual knowledge of any current
         statutory or other non-consensual liens to which the Series
         Certificate is subject.


                                  ARTICLE IV.

                                ADMINISTRATION

                 SECTION 4.1.  Duties as Administrator.

                 (a)      Duties with Respect to the Basic Documents.  The
Administrator agrees to perform all its duties as Administrator hereunder.
The Administrator shall monitor the performance of the Issuer and shall
advise the Issuer and the Owner Trustee when action is necessary to comply
with the Issuer's duties under the Indenture or with the Owner Trustee's
duties under the Trust Agreement.  The Administrator shall prepare for
execution by the Issuer or the Owner Trustee or shall cause the preparation
by other appropriate persons of all such documents, reports, filings,
instruments, certificates and opinions as it shall be the duty of the Issuer
or the Owner Trustee to prepare, file or deliver pursuant to the Basic
Documents or under applicable law (including tax and securities laws).  In
furtherance of the foregoing, the Administrator shall take all appropriate

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action that it is the duty of the Issuer or the Owner Trustee to take
pursuant to this Agreement or the Indenture including, without limitation,
such of the foregoing as are required with respect to the following matters
under this Agreement and the Indenture (references are to sections of the
Indenture):

                                  (i)      the preparation of or obtaining of
                 the documents and instruments required for authentication of
                 the Notes, if any, and delivery of the same to the Indenture
                 Trustee (Sections 2.2 and 2.3);

                                  (ii)     the duty to cause the Note Register
                 to be kept and to give the Indenture Trustee notice of any
                 appointment of a new Note Registrar and the location, or
                 change in location, of the Note Register and the office or
                 offices where Notes may be surrendered for registration of
                 transfer or exchange (Section 2.4);

                                  (iii)    the notification of Noteholders of
                 the final principal payment on their Notes (subsection
                 2.7(h));

                                  (iv)     the preparation, obtaining or
                 filing of the instruments, opinions and certificates and
                 other documents required for the release of collateral
                 (Section 2.9);

                                  (v)      the preparation of Definitive Notes
                 and arranging the delivery thereof (Section 2.12);

                                  (vi)     the duty to cause newly appointed
                 Paying Agents, if any, to deliver to the Indenture Trustee
                 the instrument specified in the Indenture regarding funds
                 held in trust (Section 2.14);

                                  (vii)    to select Reference Banks, if
                 necessary, or other banks from which quotes are obtained for
                 the purpose of determining LIBOR (Section 2.16);

                                  (viii)   the maintenance of an office or
                 agency in the City of New York for registration of transfer
                 or exchange of Notes (Section 3.2);

                                  (ix)     the direction to Paying Agents to
                 pay to the Indenture Trustee all sums held in trust by such
                 Paying Agents (Section 3.3);


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<PAGE>

                                  (x)      the obtaining and preservation of
                 the Issuer's qualification to do business in each
                 jurisdiction in which such qualification is or shall be
                 necessary to protect the validity and enforceability of the
                 Indenture, the Notes, the Collateral and each other
                 instrument and agreement included in the Owner Trust Estate
                 (Section 3.4);

                                  (xi)     the preparation of all supplements,
                 amendments, financing statements,  continuation statements,
                 if any, instruments of further assurance and other
                 instruments, in accordance with Section 3.5 of the
                 Indenture, necessary to protect the Owner Trust Estate
                 (Section 3.5);

                                  (xii)    the obtaining of the Opinion of
                 Counsel on the Closing Date and the annual delivery of
                 Opinions of Counsel, in accordance with Section 3.6 of the
                 Indenture, as to the Owner Trust Estate, and the annual
                 delivery of the Officer's Certificate and certain other
                 statements, in accordance with Section 3.9 of the Indenture,
                 as to compliance with the Indenture (Sections 3.6 and 3.9);

                                  (xiii)   the identification to the Indenture
                 Trustee in an Officer's Certificate of a Person with whom
                 the Issuer has contracted to perform its duties under the
                 Indenture (subsection 3.7(b));

                                  (xiv)    the notification of the Indenture
                 Trustee and the Note Rating Agencies of a Master Trust
                 Servicer Default  pursuant to the Pooling  and Servicing
                 Agreement and, if such Master Trust Servicer Default arises
                 from the failure of the Servicer to perform any of its
                 duties under the Pooling and Servicing Agreement, the taking
                 of all reasonable steps available to remedy such failure
                 (subsection 3.7(d));

                                  (xv)     the preparation and obtaining of
                 documents and instruments required for the release of the
                 Issuer from its covenants and agreements under the Indenture
                 (subsection 3.11(b));

                                  (xvi)    the delivery of notice to the
                 Indenture Trustee of each Event of Default and each default
                 by the Depositor under this Agreement (Section 3.18);



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                                  (xvii)   the taking of such further acts as
                 may be reasonably necessary or proper to carry out more
                 effectively the purpose of the Indenture or to compel or
                 secure the performance and observance by the Depositor of
                 its obligations under this Agreement (Sections 3.19 and
                 5.16);

                                  (xviii)  the monitoring of the Issuer's
                 obligations as to the satisfaction and discharge of the
                 Indenture and the preparation of an Officer's Certificate
                 and the obtaining of the Opinion of Counsel and the
                 Independent Certificate relating thereto (Section 4.1);

                                  (xix)    the compliance with any written
                 directive of the Indenture Trustee with respect to the sale
                 of the Owner Trust Estate if an Event of Default shall have
                 occurred and be continuing (Section 5.4);

                                  (xx)     providing the Indenture Trustee
                 with the information necessary to deliver to each Noteholder
                 such information as may be reasonably required to enable
                 such Holder to prepare its United States federal and state,
                 local income or franchise tax returns (Section 6.6);

                                  (xxi)    the preparation and delivery of
                 notice to Noteholders of the removal of the Indenture
                 Trustee and the appointment of a successor Indenture Trustee
                 (Section 6.8);

                                  (xxii)   the preparation of any written
                 instruments required to confirm more fully the authority of
                 any co-trustee or separate trustee and any written
                 instruments necessary in connection with the resignation or
                 removal of the Indenture Trustee or any co-trustee or
                 separate trustee (Sections 6.8 and 6.10);

                                  (xxiii)  the furnishing of the Indenture
                 Trustee with the names and addresses of Noteholders during
                 any period when the Indenture Trustee is not the Note
                 Registrar (Section 7.1);

                                  (xxiv)   the preparation and, after
                 execution by the Issuer, the filing with the Commission and
                 any applicable state agencies and the Indenture Trustee of
                 documents required to be filed on a periodic basis with, and
                 summaries thereof as may be required by rules and
                 regulations prescribed by, the Commission and any applicable

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<PAGE>

                 state agencies and the transmission of such summaries, as
                 necessary, to the Noteholders (Section 7.4);

                                  (xxv)    the obtaining of an Officer's
                 Certificate, Opinion of Counsel and Independent
                 Certificates, if necessary, for the release of the Owner
                 Trust Estate as defined in the Indenture (Sections 8.4 and
                 8.5);

                                  (xxvi)   the preparation of Issuer Orders
                 and Issuer Requests and the obtaining of Opinions of Counsel
                 with respect to the execution of supplemental indentures and
                 the mailing to the Noteholders of notices with respect to
                 such supplemental indentures (Sections 9.1 and 9.2);

                                  (xxvii)  the execution of new Notes
                 conforming to any supplemental indenture (Section 9.5);

                                  (xxviii)  providing the Indenture Trustee
                 with the form of notice necessary to deliver the
                 notification of Noteholders of redemption of the Notes
                 (Section 10.2);

                                  (xxix)   the preparation of all Officer's
                 Certificates, Opinions of Counsel and Independent
                 Certificates with respect to any requests by the Issuer to
                 the Indenture Trustee to take any action under the Indenture
                 (Section 11.1(a));

                                  (xxx)    the preparation and delivery of
                 Officer's Certificates and the obtaining of Independent
                 Certificates, if necessary, for the release of property from
                 the lien of the Indenture (Section 11.1(b));

                                  (xxxi)   the preparation and delivery to the
                 Noteholders and the Indenture Trustee of any agreements with
                 respect to alternate payment and notice provisions (Section
                 11.6); and

                                  (xxxii)  the recording of the Indenture, if
                 applicable (Section 11.15).

                 (b)      Additional Duties.

                          (i)     In addition to the duties of the
         Administrator set forth above, the Administrator shall keep all books
         and records, perform such calculations and shall prepare for

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<PAGE>

         execution by the Issuer or the Owner Trustee or shall cause the
         preparation by other appropriate persons of all such documents,
         reports, filings, instruments, certificates and opinions as it shall
         be the duty of the Issuer or the Owner Trustee to keep, perform,
         prepare, file or deliver pursuant to any of the Basic Documents and
         at the request of the Owner Trustee shall take all appropriate action
         that it is the duty of the Issuer or the Owner Trustee to take
         pursuant to the Basic Documents.  Subject to Section 5 of this
         Agreement, and in accordance with the directions of the Owner
         Trustee, the Administrator shall administer, perform or supervise the
         performance of such other activities in connection with the Owner
         Trust Estate (including the Basic Documents) as are not covered by
         any of the foregoing provisions and as are expressly requested by the
         Owner Trustee and are reasonably within the capability of the
         Administrator.

                          (ii)    Notwithstanding anything in this Agreement
         or the other Basic Documents to the contrary, the Administrator shall
         be responsible for promptly notifying the Indenture Trustee in the
         event that any withholding tax is imposed on the Issuer's payments
         (or allocations of income) to a Noteholder.  Any such notice shall
         specify the amount of any withholding tax required to be withheld by
         the Owner Trustee pursuant to such provision.

                          (iii)   Notwithstanding anything in this Agreement
         or the other Basic Documents to the contrary, the Administrator shall
         be responsible for (A) performance of the duties of the Owner Trustee
         and the Issuer set forth in Sections 2.7, 2.10, 2.11, 2.12, 2.13(d),
         5.16, 6.7, 6.10, and 10.1 of the Indenture with respect to, among
         other things, accounting and reports to the Certificateholder and the
         maintenance of certain accounts and (B) the preparation, execution
         and filing of all documents required by tax and securities laws
         relating to the Issuer.

                          (iv)    The Administrator may satisfy its
         obligations with respect to clauses (ii) and (iii) above by
         retaining, at the expense of the Administrator, a firm of independent
         public accountants (the "Accountants") acceptable to the Indenture
         Trustee which shall perform the obligations of the Administrator
         thereunder.

                          (v)     The Administrator shall perform the duties
         of the Administrator specified in Sections 9.2 and 9.3 of the Trust
         Agreement required to be performed in connection with the resignation
         or removal of the Owner Trustee, the duties of the Administrator
         specified in Section 9.5 of the Trust Agreement required to be
         performed in connection with the appointment and payment of co-

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<PAGE>

         Trustees, and any other duties expressly required to be performed by
         the Administrator under the Trust Agreement.

                          (vi)    In carrying out the foregoing duties or any
         of its other obligations under this Agreement, the Administrator may
         enter into transactions with or otherwise deal with any of its
         Affiliates; provided, however, that the terms of any such
         transactions or dealings shall be in accordance with any directions
         received from the Issuer and shall be, in the Administrator's
         opinion, no less favorable to the Issuer than would be available from
         unaffiliated parties.

                          (vii)   It is the intention of the parties hereto
         that the Administrator shall, and the Administrator hereby agrees to,
         execute on behalf of the Issuer or the Owner Trustee all such
         documents, reports, filings, instruments, certificates and opinions
         as it shall be the duty of the Issuer or the Owner Trustee to
         prepare, file or deliver pursuant to the Basic Documents.  In
         furtherance thereof, the Owner Trustee shall, on behalf of itself and
         of the Issuer, execute and deliver to the Administrator, and to each
         successor Administrator appointed pursuant to the terms hereof, one
         or more powers of attorney substantially in the form of Exhibit A
         hereto, appointing the Administrator the attorney-in-fact of the
         Owner Trustee and the Issuer for the purpose of executing on behalf
         of the Owner Trustee and the Issuer all such documents, reports,
         filings, instruments, certificates and opinions.

                 (c)      Non-Ministerial Matters.  (i) With respect to
matters that in the reasonable judgment of the Administrator are
non-ministerial, the Administrator shall not take any action unless within a
reasonable time before the taking of such action, the Administrator shall
have notified the Owner Trustee of the proposed action and the Owner Trustee
shall not have withheld consent or provided an alternative direction. For the
purpose of the preceding sentence, "non-ministerial matters" shall include,
without limitation:

                 (A)      the initiation of any claim or lawsuit by the Issuer
         and the compromise of any action, claim or lawsuit brought by or
         against the Issuer (other than in connection with the collection of
         the Receivables);

                 (B)      the amendment, change or modification of the Basic
         Documents;

                 (C)      the appointment of successor Note Registrars,
         successor Paying Agents and successor Indenture Trustees pursuant to
         the Indenture or the appointment of successor Administrators  or the

                                     -11-

<PAGE>

         consent to the assignment by the Note Registrar, the Paying Agent or
         the Indenture Trustee of its obligations under the Indenture; and

                 (D)      the removal of the Indenture Trustee.

                                  (ii)  Notwithstanding anything to the
                 contrary in this Agreement, the Administrator shall not be
                 obligated to, and shall not, (x) make any payments to the
                 Noteholders or the Certificateholder under the Basic
                 Documents, (y) sell the Owner Trust Estate pursuant to the
                 Indenture other than pursuant to a written directive of the
                 Indenture Trustee or (z) take any action that the Issuer
                 directs the Administrator not to take on its behalf.

                 (d)      Reports by the Administrator.  On or prior to each
Transfer Date, the Administrator will provide to the Indenture Trustee for
the Indenture Trustee to forward to each Noteholder of record, and to the
Owner Trustee, a statement setting forth (to the extent applicable) the
following information as to the Notes with respect to the related Payment
Date or the period since the previous Payment Date, as applicable:

                                  (i)      the amount of the distribution
                 allocable to principal of the Notes;

                                  (ii)     the amount of the distribution
                 allocable to interest on or with respect to the Notes;

                                  (iii)    the aggregate outstanding principal
                 balance of the Notes after giving effect to all payments
                 reported under clause (i) above on such date; and

                                  (iv)     the amount, if any, on deposit in
                 the Owner Trust Spread Account on such Payment Date, after
                 giving effect to all transfers and withdrawals therefrom and
                 all transfers and deposits thereto on such Payment Date, and
                 the amount required to be on deposit in the Owner Trust
                 Spread Account on such date.

                 Each amount set forth pursuant to clauses (i) and (ii) above
will be expressed as a dollar amount per $1,000 of the initial principal
balance of the Notes.

                 (e)      Owner Trust Accounts.  The Administrator shall
establish and maintain, in the name of the Indenture Trustee, for the benefit
of the Noteholders, an Eligible Deposit Account (the "Note Distribution
Account"), bearing a designation clearly indicating that the funds deposited
therein are held for the benefit of the Noteholders.  The Administrator shall

                                     -12-

<PAGE>

establish and maintain, in the name of the Indenture Trustee, for the benefit
of the Class C Noteholders (and, to the extent expressly provided in the
Indenture, the Certificateholder), an Eligible Deposit Account (the "Owner
Trust Spread Account", and together with the Note Distribution Account, the
"Owner Trust Accounts"), bearing a designation clearly indicating that the
funds deposited therein are held for the benefit of the Class C Noteholders
and the Certificateholder.  The Indenture Trustee shall possess all right,
title and interest in all funds on deposit from time to time in the Owner
Trust Accounts and in all proceeds thereof.  The Note Distribution Account
shall be under the sole dominion and control of the Indenture Trustee for the
benefit of the Noteholders.  The Owner Trust Spread Account shall be under
the sole dominion and control of the Indenture Trustee for the benefit of the
Class C Noteholders (and, to the extent expressly provided in the Indenture,
the Certificateholder).  If, at any time, any Owner Trust Account ceases to
be an Eligible Deposit Account, the Administrator shall notify the Indenture
Trustee, and the Indenture Trustee upon being notified (or the Administrator
on its behalf) shall, within 10 Business Days, establish a new Owner Trust
Account which meets the conditions specified in the definition of Eligible
Deposit Account, and shall transfer any cash or any investments to such new
Owner Trust Account.  The Indenture Trustee, at the direction of the
Administrator, shall make withdrawals from the Owner Trust Accounts from time
to time, in the amounts and for the purposes set forth in the Indenture.

                 Funds on deposit in the Owner Trust Spread Account shall be
invested at the direction of the Administrator by the Indenture Trustee in
Permitted Investments.  The Indenture Trustee shall maintain for the benefit
of the Noteholders and the Series Certificateholder possession of the
negotiable instruments or securities, if any, evidencing such Permitted
Investments.  No Permitted Investment shall be disposed of prior to its
maturity.

                 To the extent so instructed by the Administrator on any
Transfer Date, the Indenture Trustee shall, if the amount on deposit in the
Owner Trust Spread Account is greater than the Required Owner Trust Spread
Account Amount for such Transfer Date, pay the amount of such excess to the
Certificateholder pursuant to the Indenture.

                 SECTION 4.2.  Records.  The Administrator shall maintain
appropriate books of account and records relating to services performed
hereunder, which books of account and records shall be accessible for
inspection by the Issuer, the Owner Trustee, the Indenture Trustee and the
Depositor at any time during normal business hours.

                 SECTION 4.3.  [Reserved]

                 SECTION 4.4.  Additional Information To Be Furnished to
Issuer.  The Administrator shall furnish to the Issuer from time to time such

                                     -13-

<PAGE>

additional information regarding the Collateral as the Issuer shall
reasonably request, including notification of Noteholders pursuant to Section
4.1(a) hereof.

                 SECTION 4.5.  Independence of Administrator.  For all
purposes of this Agreement, the Administrator shall be an independent
contractor and shall not be subject to the supervision of the Issuer or the
Owner Trustee with respect to the manner in which it accomplishes the
performance of its obligations hereunder. Unless expressly authorized by the
Issuer or the Owner Trustee, as the case may be, the Administrator shall have
no authority to act for or represent the Issuer or the Owner Trustee in any
way and shall not otherwise be deemed an agent of the Issuer or the Owner
Trustee.

                 SECTION 4.6.  No Joint Venture.  Nothing contained in this
Agreement shall (i) constitute the Administrator and either of the Issuer or
the Owner Trustee as members of any partnership, joint venture, association,
syndicate, unincorporated business or other separate entity, (ii) be
construed to impose any liability as such on any of them or (iii) be deemed
to confer on any of them any express, implied or apparent authority to incur
any obligation or liability on behalf of the others.

                 SECTION 4.7.  Other Activities of Administrator.  (a)
Nothing herein shall prevent the Administrator or its affiliates from
engaging in other businesses or, in its sole discretion, from acting in a
similar capacity as an administrator for any other person or entity even
though such person or entity may engage in business activities similar to
those of the Issuer, the Owner Trustee or the Indenture Trustee.

                 (b)      The Administrator and its affiliates may generally
engage in any kind of business with any person party to a Basic Document, any
of its affiliates and any person who may do business with or own securities
of any such person or any of its affiliates, without any duty to account
therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

                 SECTION 4.8.  Net Deposits.  As an administrative
convenience, so long as Chase USA is the Administrator and the
Certificateholder, the Administrator will be permitted to make the deposit of
amounts with respect to the Series Certificate for or with respect to any
Monthly Period net of distributions to be made to the Certificateholder with
respect to such Monthly Period.  The Administrator, however, will account to
the Owner Trustee, the Indenture Trustee and the Noteholders as if the
amounts paid to the Certificateholder were paid pursuant to the Indenture.





                                     -14-

<PAGE>

                                  ARTICLE V.

                                  TERMINATION

                 SECTION 5.1.  Term of Agreement; Resignation and Removal of
Administrator. This Agreement shall continue in force until (i) the
termination of the Issuer and (ii) the satisfaction and discharge of the
Indenture in accordance with Section 4.1 of the Indenture, upon which event
this Agreement shall automatically terminate.

                          (a)     Subject to subsections 5.1(d) and (e), the
         Administrator may resign its duties hereunder by providing the Issuer
         and the Owner Trustee with at least 60 days' prior written notice.

                          (b)     Subject to subsections 5.1(d) and (e), the
         Issuer may remove the Administrator without cause by providing the
         Administrator with at least 60 days' prior written notice; provided
         however, that if any Notes are outstanding at the time of the
         removal, the Rating Agency Condition shall have first been satisfied
         in connection with such removal.

                          (c)     Subject to subsections 5.1(d) and (e), at
         the sole option of the Issuer, the Administrator may be removed
         immediately upon written notice of termination from the Issuer to the
         Administrator if any of the following events shall occur:

                                  (i)      the Administrator shall default in
                 the performance of any of its duties under this Agreement
                 and, after notice of such default, shall not cure such
                 default within 10 days (or, if such default cannot be cured
                 in such time, shall not give within ten days such assurance
                 of cure as shall be reasonably satisfactory to the Issuer);

                                  (ii)     a court having jurisdiction in the
                 premises shall enter a decree or order for relief, and such
                 decree or order shall not have been vacated within 60 days,
                 in respect of the Administrator in any involuntary case
                 under any applicable bankruptcy, insolvency or other similar
                 law now or hereafter in effect or appoint a receiver,
                 liquidator, assignee, custodian, trustee, sequestrator or
                 similar official for the Administrator or any substantial
                 part of its property or order the winding-up or liquidation
                 of its affairs; or

                                  (iii)    the Administrator shall commence a
                 voluntary case under any applicable bankruptcy, insolvency
                 or other similar law now or hereafter in effect, shall

                                     -15-

<PAGE>

                 consent to the entry of an order for relief in an
                 involuntary case under any such law, or shall consent to the
                 appointment of a receiver, liquidator, assignee, trustee,
                 custodian, sequestrator or similar official for the
                 Administrator or any substantial part of its property, shall
                 consent to the taking of possession by any such official of
                 any substantial part of its property, shall make any general
                 assignment for the benefit of creditors or shall fail
                 generally to pay its debts as they become due.

                 The Administrator agrees that if any of the events specified
in clause (ii) or (iii) of this subsection 5.1(c) shall occur, it shall give
written notice thereof to the Issuer, the Owner Trustee and the Indenture
Trustee within seven days after the happening of such event.

                 (d)      No resignation or removal of the Administrator
         pursuant to this Section shall be effective until (i) a successor
         Administrator shall have been appointed by the Issuer and (ii) such
         successor Administrator shall have agreed in writing to be bound by
         the terms of this Agreement in the same manner as the Administrator
         is bound hereunder.

                 (e)      The appointment of any successor Administrator shall
         be effective only after the satisfaction of the Rating Agency
         Condition with respect thereto.

                 (f)      A successor Administrator shall execute, acknowledge
         and deliver a written acceptance of its appointment hereunder to the
         resigning Administrator and to the Issuer.  Thereupon the resignation
         or removal of the resigning Administrator shall become effective, and
         the successor Administrator shall have all the rights, powers and
         duties of the Administrator under the Indenture.  The successor
         Administrator shall mail a notice of its succession to the
         Noteholders and the Certificateholder.  The resigning Administrator
         shall promptly transfer or cause to be transferred all property and
         any related agreements, documents and statements held by it as
         Administrator to the successor Administrator and the resigning
         Administrator shall execute and deliver such instruments and do other
         things as may reasonably be required for fully and certainly vesting
         in the successor Administrator all rights, powers, duties and
         obligations hereunder.

                 (g)      In no event shall a resigning Administrator be
         liable for the acts or omissions of any successor Administrator
         hereunder.



                                     -16-

<PAGE>

                 (h)      In the exercise or administration of its duties
         hereunder and under the other Basic Documents, the Administrator may
         act directly or through its agents or attorneys pursuant to
         agreements entered into with any of them, and the Administrator shall
         not be liable for the conduct or misconduct of such agents or
         attorneys if such agents or attorneys shall have been selected by the
         Administrator with due care.

                 SECTION 5.2.  Action upon Termination, Resignation or
Removal.  Promptly upon the effective date of termination of this Agreement
pursuant to subsection 5.1(a) or the resignation or removal of the
Administrator pursuant to subsection 5.1 (b) or (c), respectively, the
Administrator shall be entitled to be paid all fees and reimbursable expenses
accruing to it to the date of such termination, resignation or removal.  The
Administrator shall forthwith upon termination pursuant to subsection 5.1(a)
deliver to the Issuer all property and documents of or relating to the
Collateral then in the custody of the Administrator.  In the event of the
resignation or removal of the Administrator pursuant to subsection 5.1(b) or
(c), respectively, the Administrator shall cooperate with the Issuer and take
all reasonable steps requested to assist the Issuer in making an orderly
transfer of the duties of the Administrator.

                 SECTION 5.3.  Acquisition of Owner Trust Estate.  If Chase
USA exercises its option to accept retransfer of the Series Certificate
pursuant to Section 4 of the Series Supplement, the Depositor shall (a)
acquire the Series Certificate and all rights related thereto, which
acquisition shall be effective as of the date on which such retransfer
occurs, (b) deliver notice of such acquisition to the Indenture Trustee on or
prior to the related Transfer Date, (c) deposit, on its own behalf and on
behalf of the Issuer pursuant to Section 10.1 of the Indenture, in the Note
Distribution Account on or prior to the related Transfer Date, an amount
equal to the Redemption Price and (d) succeed to all interests in and to the
Issuer.


                                  ARTICLE VI.

                                 MISCELLANEOUS

                 SECTION 6.1.  Notices.  Any notice, report or other
communication given hereunder shall be in writing and addressed as follows:







                                     -17-

<PAGE>

                 if to the Issuer or the Owner Trustee, to

                          Chase Credit Card Owner Trust 2000-2
                          c/o Wilmington Trust Company
                          Rodney Square North
                          1100 North Market Street
                          Wilmington, DE 19890-0001

                          Attention: Corporate Trust Administration

                 with a copy to:

                          Richards, Layton & Finger
                          One Rodney Square
                          Wilmington, DE  19899

                          Attention:  Eric Mazie

                 if to the Administrator, to

                          Chase Manhattan Bank USA, National Association
                          802 Delaware Avenue
                          Wilmington, DE  19801
                          Attention: Patricia M. Garvey

                 if to the Indenture Trustee, to

                          The Bank of New York
                          101 Barclay Street, Fl. 12 East
                          New York, New York  10286
                          Attention: Corporate Trust Administration


or to such other address as any party shall have provided to the other
parties in writing. Any notice required to be in writing hereunder shall be
deemed given if such notice is mailed by certified mail, postage prepaid, or
hand-delivered to the address of such party as provided above, except that
notices to the Indenture Trustee are effective only upon receipt.

                 SECTION 6.2.  Amendments.  This Agreement may be amended
from time to time by a written amendment duly executed and delivered by the
Issuer, the Administrator and the Depositor, with the written consent of the
Indenture Trustee and without the consent of the Noteholders or the
Certificateholder, for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of the Noteholders or the
Certificateholder; provided, however, that a copy thereof shall have been

                                     -18-

<PAGE>

delivered to the Note Rating Agencies and that such amendment will not (i) as
evidenced by an Officer's Certificate of the Depositor addressed and
delivered to the Owner Trustee and the Indenture Trustee, materially and
adversely affect the interests of any Noteholder or the Certificateholder and
(ii) as evidenced by an Opinion of Counsel addressed to the Owner Trustee and
the Indenture Trustee, cause the Issuer to be classified as an association
(or a publicly traded partnership) taxable as a corporation for federal
income tax purposes.  This Agreement may also be amended by the Issuer, the
Administrator and the Depositor with the written consent of the Indenture
Trustee and the Holders of Notes evidencing a majority in the Outstanding
Amount of the Notes for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of Noteholders or the Certificateholder;
provided, however, that, a copy thereof shall have been delivered to the Note
Rating Agencies and that without the consent of the holders of all of the
Notes then Outstanding, no such amendment may (i) increase or reduce in any
manner the amount of, or accelerate or delay the timing of, collections of
payments on the Series Certificate or distributions that are required to be
made for the benefit of the Noteholders or (ii) reduce the aforesaid
percentage of the Holders of Notes which are required to consent to any such
amendment, without the consent of the Holders of all the Outstanding Notes.

                 It shall not be necessary for the consent of Noteholders
pursuant to this Section to approve the particular form of any proposed
amendment or consent, but it shall be  sufficient if  such consent shall
approve the substance thereof.

                 SECTION 6.3.  Protection of Title to Owner Trust.

                          (a)     The Depositor shall take all actions
         necessary and the Issuer shall cooperate with the Depositor, if
         applicable, to perfect, and maintain perfection of, the interests of
         the Issuer in the Series Certificate.  The Depositor shall execute
         and file and cause to be executed and filed such financing statements
         and continuation statements, all in such manner and in such places as
         may be required by law fully to perfect, maintain, and protect the
         interest of the Issuer in the Series Certificate and in the proceeds
         thereof and the interest of the Indenture Trustee in the Owner Trust
         Estate and the proceeds thereof.  The Depositor shall deliver (or
         cause to be delivered) to the Owner Trustee and the Indenture Trustee
         file-stamped copies of, or filing receipts for, any document filed as
         provided above, as soon as available following such filing.

                          (b)     The Depositor shall not change its name,
         identity or corporate structure in any manner that would, could or
         might make any financing statement or continuation statement filed in
         accordance with paragraph (a) above or otherwise seriously misleading

                                     -19-

<PAGE>

         within the meaning of 9-402(7) of the UCC (regardless of whether such
         a filing was ever made), unless it shall have given the Owner Trustee
         and the Indenture Trustee at least five days' prior written notice
         thereof and, if applicable, shall have timely filed appropriate
         amendments to any and all previously filed financing statements or
         continuation statements (so that the interest of the Issuer or the
         Indenture Trustee is not adversely affected).

                          (c)     Each of the Depositor and the Administrator
         shall have an obligation to give the Owner Trustee and the Indenture
         Trustee at least 60 days' prior written notice of any relocation of
         its principal executive office if, as a result of such relocation,
         the applicable provisions of the UCC would require the filing of any
         amendment of any previously filed financing or continuation statement
         or of any new financing statement (regardless of whether such a
         filing was ever made) and shall promptly, if applicable, file any
         such amendment.

                          (d)     The Administrator shall permit the
         Indenture Trustee and its agents at any time following reasonable
         notice and during normal business hours to inspect, audit and make
         copies of and abstracts from the Administrator's records regarding
         the Series Certificate.

                          (e)     The Administrator shall, to the extent
         required by applicable law, cause the Notes to be registered with the
         Commission pursuant to Section 12(b) or Section 12(g) of the Exchange
         Act within the time periods specified in such sections.

                 SECTION 6.4.  Successors and Assigns.  This Agreement may
not be assigned by the Administrator unless such assignment is previously
consented to in writing by the Issuer and the Owner Trustee and subject to
satisfaction of the Rating Agency Condition with respect thereto.  An
assignment with such consent and satisfaction, if accepted by the assignee,
shall bind the assignee hereunder in the same manner as the Administrator is
bound hereunder.  Notwithstanding the foregoing, this Agreement may be
assigned by the Administrator without the consent of the Issuer or the Owner
Trustee to a corporation or other organization that is a successor (by
merger, consolidation or purchase of assets) to the Administrator, provided
that such successor organization executes and delivers to the Issuer, the
Owner Trustee and the Indenture Trustee an agreement in which such
corporation or other organization agrees to be bound hereunder by the terms
of said assignment in the same manner as the Administrator is bound
hereunder.  Subject to the foregoing, this Agreement shall bind any
successors or assigns of the parties hereto.



                                     -20-

<PAGE>

                 SECTION 6.5.  GOVERNING LAW.  THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

                 SECTION 6.6.  Headings.  The section headings hereof have
been inserted for convenience of reference only and shall not be construed to
affect the meaning, construction or effect of this Agreement.

                 SECTION 6.7.  Counterparts.  This Agreement may be executed
in counterparts, each of which when so executed shall together constitute but
one and the same agreement.

                 SECTION 6.8.  Severability.  Any provision of this Agreement
that is prohibited or unenforceable in any jurisdiction shall be ineffective
to the extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.

                 SECTION 6.9.  Not Applicable to Chase Manhattan Bank USA,
National Association in Other Capacities.  Nothing in this Agreement shall
affect any obligation Chase Manhattan Bank USA, National Association may have
in any other capacity.

                 SECTION 6.10.  Limitation of Liability of Owner Trustee,
Indenture Trustee and Administrator.  (a) Notwithstanding anything contained
herein to the contrary, this instrument has been signed by Wilmington Trust
Company not in its individual capacity but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2000-2 and in no event shall Wilmington Trust
Company in its individual capacity or any beneficial owner of the Issuer have
any liability for the representations, warranties, covenants, agreements or
other obligations of the Issuer hereunder, as to all of which recourse shall
be had solely to the assets of the Issuer.

                 (b)   Notwithstanding anything contained herein to the
contrary, this Agreement has been signed by The Bank of New York, not in its
individual capacity but solely as Indenture Trustee, and in no event shall
The Bank of New York have any liability for the representations, warranties,
covenants, agreements or other obligations of the Issuer hereunder or in any
of the certificates, notices or agreements delivered pursuant hereto, as to
all of which recourse shall be had solely to the assets of the Issuer.

                 (c)   No recourse under any obligation, covenant or
agreement of the Issuer contained in this Agreement shall be had against any
agent of the Issuer (including the Administrator) as such by the enforcement
of any assessment or by any legal or equitable proceeding, by virtue of any
statute or otherwise; it being expressly agreed and understood that this

                                     -21-

<PAGE>

Agreement is solely an obligation of the Issuer as a Delaware common law
trust, and that no personal liability whatever shall attach to or be incurred
by any agent of the Issuer (including the Administrator), as such, under or
by reason of any of the obligations, covenants or agreements of the Issuer
contained in this Agreement, or implied therefrom, and that any and all
personal liability for breaches by the Issuer of any such obligations,
covenants or agreements, either at common law or at equity, or by statute or
constitution, of every such agent is hereby expressly waived as a condition
of and in consideration for the execution of this Agreement.

                 SECTION 6.11.  Third-Party Beneficiary.  Each of the Owner
Trustee and the Indenture Trustee is a third-party beneficiary to this
Agreement and is entitled to the rights and benefits hereunder and may
enforce the provisions hereof as if it were a party hereto.  The
Administrator agrees to compensate and indemnify the Indenture Trustee
pursuant to Section 6.7 of the Indenture.

                 SECTION 6.12.  Nonpetition Covenants.

                          (a)     Notwithstanding any prior termination of
         this Agreement, the Depositor shall not at any time with respect to
         the Issuer or the Master Trust, acquiesce, petition or otherwise
         invoke or cause the Issuer or the Master Trust to invoke the process
         of any court or government authority for the purpose of commencing or
         sustaining a case against the Issuer or the Master Trust under any
         Federal or state bankruptcy, insolvency or similar law or appointing
         a receiver, conservator, liquidator, assignee, trustee, custodian,
         sequestrator or other similar official of the Issuer or the Master
         Trust or any substantial part of its property, or ordering the
         winding up or liquidation of the affairs of the Issuer or the Master
         Trust; provided, however, that this subsection 6.12(a) shall not
         operate to preclude any remedy described in Article V of the
         Indenture.

                          (b)     Notwithstanding any prior termination of
         this Agreement, the Issuer shall not at any time with respect to the
         Master Trust, acquiesce, petition or otherwise invoke or cause the
         Master Trust to invoke the process of any court or government
         authority for the purpose of commencing or sustaining a case against
         the Master Trust under any Federal or state bankruptcy, insolvency or
         similar law or appointing a receiver, conservator, liquidator,
         assignee, trustee, custodian, sequestrator or other similar official
         of the Master Trust or any substantial part of its property, or
         ordering the winding up or liquidation of the affairs of the Master
         Trust; provided, however, that this subsection 6.12(b) shall not
         operate to preclude any remedy described in Article V of the
         Indenture.

                                     -22-

<PAGE>

                 SECTION 6.13.  Liability of Administrator.  Notwithstanding
any provision of this Agreement, the Administrator shall not have any
obligations under this Agreement other than those specifically set forth
herein, and no implied obligations of the Administrator shall be read into
this Agreement.  Neither the Administrator nor any of its directors,
officers, agents or employees shall be liable for any action taken or omitted
to be taken in good faith by it or them under or in connection with this
Agreement, except for its or their own gross negligence or willful misconduct
and in no event shall the Administrator be liable under or in connection with
this Agreement for indirect, special, or consequential losses or damages of
any kind, including lost profits, even if advised of the possibility thereof
and regardless of the form of action by which such losses or damages may be
claimed.  Without limiting the foregoing, the Administrator may (a) consult
with legal counsel (including counsel for the Issuer), independent public
accountants and other experts selected by it and shall not be liable for any
action taken or omitted to be taken in good faith by it in accordance with
the advice of such counsel, accountants or experts and (b) shall incur no
liability under or in respect of this Agreement by acting upon any notice
(including notice by telephone), consent, certificate or other instrument or
writing (which may be by facsimile) believed by it to be genuine and signed
or sent by the proper party or parties.



























                                     -23-

<PAGE>

                 IN WITNESS WHEREOF, the parties have caused this Agreement
to be duly executed and delivered as of the day and year first above written.

                                  CHASE CREDIT CARD OWNER TRUST
                                     2000-2

                                  By: WILMINGTON TRUST COMPANY
                                  not in its individual capacity but solely
                                  as Owner Trustee


                                  By:
                                      --------------------------------------
                                      Name:
                                      Title:


                                  CHASE MANHATTAN BANK USA,
                                      NATIONAL ASSOCIATION
                                  as Administrator


                                  By:
                                      --------------------------------------
                                      Name:
                                      Title:


                                  Acknowledged and Agreed:

                                  THE BANK OF NEW YORK
                                  not in its individual capacity but solely
                                  as Indenture Trustee


                                  By:
                                      --------------------------------------
                                      Name:
                                      Title:









                                     -24-

<PAGE>

                                                                     EXHIBIT A
                                                   [Form of Power of Attorney]

                               POWER OF ATTORNEY

STATE OF NEW YORK        )
                         )
COUNTY OF NEW YORK       )

          KNOW ALL MEN BY THESE PRESENTS, that WILMINGTON TRUST COMPANY, a
Delaware banking corporation, not in its individual capacity but solely as
owner trustee ("Owner Trustee") for the Chase Credit Card Owner Trust 2000-2
("Trust"), does hereby make, constitute and appoint CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION as Administrator under the Administration Agreement (as
defined below), and its agents and attorneys, as Attorneys-in-Fact to execute
on behalf of the Owner Trustee or the Trust all such documents, reports,
filings, instruments, certificates and opinions as it shall be the duty of
the Owner Trustee or the Trust to prepare, file or deliver pursuant to the
Basic Documents (as defined in the Indenture dated as of April 13, 2000
between the Trust and the Bank of New York, as Indenture Trustee), including,
without limitation, to appear for and represent the Owner Trustee and the
Trust in connection with the preparation, filing and audit of federal, state
and local tax returns pertaining to the Trust, and with full power to perform
any and all acts associated with such returns and audits that the Owner
Trustee could perform, including without limitation, the right to distribute
and receive confidential information, defend and assert positions in response
to audits, initiate and defend litigation, and to execute waivers of
restriction on assessments of deficiencies, consents to the extension of any
statutory or regulatory time limit, and settlements.  For the purpose of this
Power of Attorney, the term "Administration Agreement" means the Deposit and
Administration Agreement dated as of April 13, 2000 among Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Trust and Chase Manhattan Bank USA, National Association, as Administrator,
and acknowledged and agreed by The Bank of New York, as Indenture Trustee, as
such may be amended from time to time.













                                     -25-

<PAGE>

          All powers of attorney for this purpose heretofore filed or executed
by the Owner Trustee are hereby revoked.

          EXECUTED this 13th day of April, 2000.

                                  WILMINGTON TRUST COMPANY
                                  not in its individual capacity but solely as
                                  Owner Trustee for the Chase Credit Card
                                  Owner Trust 2000-2


                                  By:
                                      --------------------------------------
                                      Name:
                                      Title:

































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