Exhibit 4.10


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                     CHASE CREDIT CARD OWNER TRUST 2003-2


                                TRUST AGREEMENT


                                    between


                CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
                                 as Depositor



                                      and



                           WILMINGTON TRUST COMPANY
                               as Owner Trustee



                          Dated as of April 15, 2003



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<PAGE>


                               TABLE OF CONTENTS


                                                                           Page
                                   ARTICLE I

                                  DEFINITIONS

   SECTION 1.1.   Capitalized Terms........................................   1

                                  ARTICLE II

                                 ORGANIZATION

   SECTION 2.1.   Name.....................................................   4
   SECTION 2.2.   Office...................................................   4
   SECTION 2.3.   Purposes and Powers......................................   4
   SECTION 2.4.   Appointment of Owner Trustee.............................   5
   SECTION 2.5.   Initial Capital Contribution of Trust Estate.............   5
   SECTION 2.6.   Declaration of Trust.....................................   5
   SECTION 2.7.   Title to Owner Trust Property............................   5
   SECTION 2.8.   Situs of Owner Trust.....................................   6
   SECTION 2.9.   Representations and Warranties of the Depositor..........   6
   SECTION 2.10.  Liability of Certificateholder...........................   7

                                  ARTICLE III

                    CERTIFICATES AND TRANSFER OF INTERESTS


   SECTION 3.1.   Initial Ownership........................................   7
   SECTION 3.2.   The Certificate..........................................   7
   SECTION 3.3.   Execution, Authentication and Delivery of Certificates...   8
   SECTION 3.4.   Restrictions on Transfer.................................   8
   SECTION 3.5.   Mutilated, Destroyed, Lost or Stolen Certificate.........   8
   SECTION 3.6.   Authenticating Agent.....................................   8
   SECTION 3.7.   Actions of Certificateholder.............................  10

                                  ARTICLE IV

                           ACTIONS BY OWNER TRUSTEE


   SECTION 4.1.   Prior Notice to Certificateholder with Respect to
                  Certain Matters..........................................  10

                                   ARTICLE V

                     AUTHORITY AND DUTIES OF OWNER TRUSTEE


   SECTION 5.1.   General Authority........................................  11
   SECTION 5.2.   General Duties...........................................  11
   SECTION 5.3.   Action upon Instruction..................................  11
   SECTION 5.4.   No Duties Except as Specified in this
                  Agreement or in Instructions.............................  12
   SECTION 5.5.   No Action Except under Specified Documents or
                  Instructions.............................................  13
   SECTION 5.6.   Restrictions.............................................  13
   SECTION 5.7.   Doing Business in Other Jurisdictions....................  13


                                      -i-


<PAGE>


                                                                           Page

                                  ARTICLE VI

                           CONCERNING OWNER TRUSTEE

   SECTION 6.1.   Acceptance of Trusts and Duties..........................  14
   SECTION 6.2.   Furnishing of Documents..................................  15
   SECTION 6.3.   Representations and Warranties...........................  15
   SECTION 6.4.   Reliance; Advice of Counsel..............................  16
   SECTION 6.5.   Not Acting in Individual Capacity........................  17
   SECTION 6.6.   Owner Trustee May Own Notes..............................  17

                                  ARTICLE VII

                         COMPENSATION OF OWNER TRUSTEE

   SECTION 7.1.   Owner Trustee's Fees and Expenses........................  17
   SECTION 7.2.   Indemnification..........................................  17
   SECTION 7.3.   Payments to Owner Trustee................................  18

                                 ARTICLE VIII

                        TERMINATION OF TRUST AGREEMENT

   SECTION 8.1.   Termination of Trust Agreement...........................  18

                                  ARTICLE IX

            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

   SECTION 9.1.   Eligibility Requirements for Owner Trustee...............  19
   SECTION 9.2.   Resignation or Removal of Owner Trustee..................  20
   SECTION 9.3.   Successor Owner Trustee..................................  20
   SECTION 9.4.   Merger or Consolidation of Owner Trustee.................  21
   SECTION 9.5.   Appointment of Co-Trustee or Separate Trustee............  21

                                   ARTICLE X

                                 MISCELLANEOUS

   SECTION 10.1.  Supplements and Amendments...............................  23
   SECTION 10.2.  No Legal Title to Owner Trust Estate in
                  Certificateholder........................................  24
   SECTION 10.3.  Limitations on Rights of Others..........................  24
   SECTION 10.4.  Notices..................................................  24
   SECTION 10.5.  Severability.............................................  24
   SECTION 10.6.  Separate Counterparts....................................  25
   SECTION 10.7.  Successors and Assigns...................................  25
   SECTION 10.8.  Nonpetition Covenants.  .................................  25
   SECTION 10.10. Headings.................................................  25
   SECTION 10.11. GOVERNING LAW............................................  25
   SECTION 10.12. Depositor Payment Obligation.............................  25
   SECTION 10.13. Acceptance of Terms of Agreement.........................  26
   SECTION 10.14. Compliance with Sarbanes-Oxley Act of 2002...............  26


                                     -ii-


<PAGE>


                                                                           Page

   SECTION 10.15. Integration of Documents.................................  26


EXHIBITS

Exhibit A    -    Form of Certificate
Exhibit B    -    Form of Certificate of Trust


                                     -iii-

<PAGE>



          TRUST AGREEMENT dated as of April 15, 2003 between CHASE MANHATTAN
BANK USA, NATIONAL ASSOCIATION ("Chase USA"), a national banking association
having its principal executive offices located at White Clay Center Building
200, Route 273, Newark, Delaware 19711, as the depositor (in its capacity as
the depositor, the "Depositor") and WILMINGTON TRUST COMPANY, a Delaware
banking corporation, as the owner trustee (the "Owner Trustee").


                                   ARTICLE I

                                  DEFINITIONS

          SECTION 1.1. Capitalized Terms. (a) For all purposes of this
Agreement, the following terms shall have the meanings set forth below:

          "Administrator" means Chase Manhattan Bank USA, National
Association, or any successor Administrator under the Deposit and
Administration Agreement.

          "Agreement" means this Chase Credit Card Owner Trust 2003-2 Trust
Agreement, as the same may be amended, modified or otherwise supplemented from
time to time.

          "Basic Documents" means the Indenture, this Agreement, the Deposit
and Administration Agreement, the Note Underwriting Agreement, and other
documents delivered in connection herewith and therewith.

          "Certificate" means the certificate evidencing the beneficial
interest of the Certificateholder in the Owner Trust, substantially in the
form attached hereto as Exhibit A.

          "Certificateholder" means Chase Manhattan Bank USA, National
Association, and its successors and permitted assigns.

          "Certificate of Trust" means the Certificate of Trust in the form
attached hereto as Exhibit B which has been filed for the Owner Trust pursuant
to Section 3810(a) of the Statutory Trust Act.

          "Code" means the Internal Revenue Code of 1986, as amended.

          "Corporate Trust Office" means, with respect to the Owner Trustee,
the principal corporate trust office of the Owner Trustee located at Rodney
Square North, 1100 North Market Street, Wilmington, DE 19801; or such other
address as the Owner Trustee may designate by notice to the Depositor, or the
principal corporate trust office of any successor Owner Trustee (the address
of which the successor Owner Trustee will notify the Certificateholder and the
Depositor).


<PAGE>


          "Deposit and Administration Agreement" means the Deposit and
Administration Agreement, dated as of April 15, 2003, between the Owner Trust
and Chase Manhattan Bank USA, National Association, as Depositor and as
Administrator, as the same may be amended, supplemented or otherwise modified
from time to time.

          "Depositor" means Chase Manhattan Bank USA, National Association, in
its capacity as Depositor hereunder and its successors and assigns in such
capacity.

          "Expenses" has the meaning assigned to such term in Section 7.2.

          "Indemnified Parties" shall have the meaning assigned to such term
in Section 7.2.

          "Indenture Trustee" means The Bank of New York, not in its
individual capacity but solely as Indenture Trustee under the Indenture, and
any successor Indenture Trustee under the Indenture.

          "Master Trust" means the Chase Master Credit Card Trust, created
pursuant to the Third Amended and Restated Pooling and Servicing Agreement
dated as of November 15, 1999, as amended by the First Amendment thereto dated
as of March 31, 2001, and the Second Amendment thereto, dated as of March 1,
2002, by and among Chase USA, as transferor on and after June 1, 1996,
JPMorgan Chase Bank, as transferor prior to June 1, 1996 and as servicer, and
The Bank of New York, as trustee.

         "Noteholder" has the meaning assigned to such term in the Indenture.

         "Owner Trust" means the statutory trust created by this Agreement and
the filing of the Certificate of Trust.

         "Owner Trust Estate" means all right, title and interest of the Owner
Trust, in and to the property and rights assigned to the Owner Trust, pursuant
to Section 2.5 of this Agreement and Section 2.1 of the Deposit and
Administration Agreement, all monies, securities, instruments and other
property on deposit from time to time in the accounts established hereunder
and all other property of the Owner Trust from time to time, including any
rights of the Owner Trustee on behalf of the Owner Trust pursuant to the
Deposit and Administration Agreement.

         "Owner Trustee" means Wilmington Trust Company, a Delaware banking
corporation, not in its individual capacity but solely as owner trustee for
the Chase Credit Card Owner Trust 2003-2 under this Agreement (unless
otherwise specified herein), and any successor Owner Trustee hereunder.

         "Requirements of Law" means, for any Person, the certificate of
incorporation or articles of association and by-laws or other organizational
or governing documents of such Person, and

                                      -2-

<PAGE>

any law, treaty, rule or regulations, or determination of an arbitrator or
Governmental Authority, in each case applicable to or binding upon such Person
or to which such Person is subject, whether federal, state or local (including
without limitation, usury laws, the federal Truth in Lending Act and
Regulation Z and Regulation B of the Board of Governors of the Federal Reserve
System).

         "Secretary of State" means the Secretary of State of the State of
Delaware.

          "SFAS 140" means Statement of Financial Accounting Standards No.
140, Accounting for Transfers and Servicing of Financial Assets and
Extinguishments of Liabilities.

          "Statutory Trust Act" means Chapter 38 of Title 12 of the Delaware
Code, 12 Del. C. section 3801, et. seq., as the same may be amended from time
to time.

          (b) All terms defined in this Agreement shall have the defined
meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein.

          (c) As used in this Agreement and in any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms not
defined in this Agreement or in any such certificate or other document, and
accounting terms partly defined in this Agreement or in any such certificate
or other document to the extent not defined, shall have the respective
meanings given to them under generally accepted accounting principles. To the
extent that the definitions of accounting terms in this Agreement or in any
such certificate or other document are inconsistent with the meanings of such
terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document shall
control.

          (d) The words "hereof," "herein," "hereunder," and words of similar
import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular provision of this Agreement; Section and Exhibit
references contained in this Agreement are references to Sections and Exhibits
in or to this Agreement unless otherwise specified; and the term "including"
shall mean "including without limitation."

          (e) The definitions contained in this Agreement are applicable to
the singular as well as the plural forms of such terms and to the masculine as
well as to the feminine and neuter genders of such terms.

          (f) Capitalized terms used but not defined herein shall have the
meanings assigned to them in an indenture, dated as of April 15, 2003 (the
"Indenture"), by and between the Owner Trust and the Bank of New York, as
Indenture Trustee.


                                      -3-


<PAGE>


                                  ARTICLE II

                                 ORGANIZATION

          SECTION 2.1. Name. The trust created hereby shall be known as "Chase
Credit Card Owner Trust 2003-2" (hereinafter, the "Owner Trust") in which name
the Owner Trustee may conduct the business of such trust, make and execute
contracts and other instruments on behalf of such trust and sue and be sued on
behalf of the Owner Trust.

          SECTION 2.2. Office. The office of the Owner Trust shall be in care
of the Owner Trustee at the Corporate Trust Office or at such other address as
the Owner Trustee may designate by written notice to the Certificateholder and
the Depositor.

          SECTION 2.3. Purposes and Powers. The purpose of the Owner Trust is,
and the Owner Trust shall have the power and authority to engage in the
following activities:

          (a) to issue the Notes in the name of the Owner Trust pursuant to
the Indenture and the Certificate pursuant to this Agreement, and to sell,
transfer or exchange the Notes and the Certificate;

          (b) to acquire the property and assets set forth in the Deposit and
Administration Agreement from the Depositor pursuant to the terms thereof, to
make payments or distributions on the Notes and the Certificate and to make
deposits to and withdrawals from the Reserve Account and other accounts
established under the Indenture;

          (c) to assign, grant, transfer, pledge, mortgage and convey the
Owner Trust Estate to the Indenture Trustee pursuant to the Indenture and to
hold, manage and distribute to the Certificateholder pursuant to the terms of
the Deposit and Administration Agreement any portion of the Owner Trust Estate
released from the Lien of, and remitted to the Owner Trust pursuant to, the
Indenture;

          (d) to enter into and perform its obligations under the Basic
Documents to which it is a party;

          (e) to engage in those activities, including entering into
agreements, that are necessary, suitable or convenient to accomplish the
foregoing or are incidental thereto or connected therewith, which activities
cannot be contrary to the status of the Owner Trust as a "qualifying special
purpose entity" under SFAS 140 and any successor rule thereto; and

          (f) subject to compliance with the Basic Documents, to engage in
such other activities as may be required in connection with conservation of
the Owner Trust Estate and the making of distributions to the
Certificateholder and the Noteholders, which activities cannot be


                                      -4-


<PAGE>

contrary to the status of the Owner Trust as a "qualifying special purpose
entity" under SFAS 140 and any successor rule thereto.

Neither the Owner Trustee, nor the Owner Trust, shall engage in any activity
other than in connection with the foregoing or other than as required or
authorized by the terms of this Agreement or the other Basic Documents. For
purposes of SFAS 140, the parties hereto intend that (a) the Owner Trust shall
be treated as a "qualifying special purpose entity" as such term is used in
SFAS 140 and any successor rule thereto and (b) the power and authority of the
Owner Trust as stated this Section 2.3 shall be limited in accordance with
paragraph 35 of SFAS 140.

          SECTION 2.4. Appointment of Owner Trustee. The Depositor hereby
appoints the Owner Trustee as trustee of the Owner Trust effective as of the
date hereof, to have all the rights, powers and duties set forth herein and in
the Statutory Trust Act.

          SECTION 2.5. Initial Capital Contribution of Trust Estate. The
Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner
Trustee, as of the date hereof, $1.00. The Owner Trustee hereby acknowledges
receipt in trust from the Depositor, as of the date hereof, of the foregoing
contribution, which shall constitute the initial Owner Trust Estate. The
Depositor shall pay the organizational expenses of the Owner Trust as they may
arise or shall, upon the request of the Owner Trustee, promptly reimburse the
Owner Trustee for any such expenses paid by the Owner Trustee.

          SECTION 2.6. Declaration of Trust. The Owner Trustee hereby declares
that it will hold the Owner Trust Estate in trust upon and subject to the
conditions set forth herein for the use and benefit of the Certificateholder,
subject to the obligations of the Owner Trustee, on behalf of the Owner Trust,
under the Basic Documents. It is the intention of the parties hereto that the
Owner Trust constitute a statutory trust under the Statutory Trust Act and
that this Agreement constitutes the governing instrument of such statutory
trust. It is the intention of the parties hereto that, solely for United
States income and franchise tax purposes, the Owner Trust shall be treated as
a division or branch of the Depositor. The parties agree that, unless
otherwise required by appropriate tax authorities, they will take no action
contrary to the foregoing intention. Effective as of the date hereof, the
Owner Trustee shall have all rights, powers and duties set forth herein and to
the extent not inconsistent herewith, in the Statutory Trust Act with respect
to accomplishing the purposes of the Owner Trust. The Owner Trustee shall file
the Certificate of Trust with the Secretary of State of Delaware.

          SECTION 2.7. Title to Owner Trust Property. Legal title to all the
Owner Trust Estate shall be vested at all times in the Owner Trust, except
where applicable law in any jurisdiction requires title to any part of the
Owner Trust Estate to be vested in the Owner Trustee, a co-trustee or a
separate trustee, in which case title to such part shall be deemed to be
vested in the Owner Trustee, a co-trustee and/or separate trustee, as the case
may be.


                                      -5-


<PAGE>


          SECTION 2.8. Situs of Owner Trust. The Owner Trust will be located
in the State of Delaware and administered in the State of Delaware or the
State of New York. All bank accounts maintained on behalf of the Owner Trust
shall be located in the State of Delaware or the State of New York. Payments
will be received by the Owner Trust only in Delaware or New York, and payments
and distributions will be made by the Owner Trust only from Delaware or New
York. The only office of the Owner Trust will be at the Corporate Trust Office
of the Owner Trustee in Delaware.

          SECTION 2.9. Representations and Warranties of the Depositor. The
Depositor hereby represents and warrants to the Owner Trustee that:

          (i) The Depositor has been duly organized and is validly existing as
     a national banking association in good standing under the laws of the
     United States of America, with power and authority to own its properties
     and to conduct its business as such properties are currently owned and
     such business is presently conducted.

          (ii) The Depositor has the corporate power and authority to execute
     and deliver this Agreement and to carry out its terms; the Depositor has
     full power and authority to sell and assign the property to be sold and
     assigned to and deposited with the Owner Trustee pursuant to this
     Agreement and the Deposit and Administration Agreement, on behalf of the
     Owner Trust, and the Depositor has duly authorized such sale and
     assignment and deposit to the Owner Trustee, on behalf of the Owner
     Trust, by all necessary action; and the execution, delivery and
     performance of this Agreement has been duly authorized by the Depositor
     by all necessary action.

          (iii) The consummation of the transactions contemplated by this
     Agreement and the other Basic Documents and the fulfillment of the terms
     hereof, do not conflict with, result in any breach of any of the terms
     and provisions of, or constitute (with or without notice or lapse of
     time) a default under, the articles of association or bylaws of the
     Depositor, or conflict with or breach any of the material terms or
     provisions of or constitute (with or without notice or lapse of time) a
     default under any indenture, agreement or other instrument to which the
     Depositor is a party or by which it is bound; nor result in the creation
     or imposition of any Lien upon any of its properties pursuant to the
     terms of any such indenture, agreement or other instrument; nor violate
     any law or, to the best of the Depositor's knowledge, any order, rule or
     regulation applicable to the Depositor of any court or of any Federal or
     state regulatory body, administrative agency or other governmental
     instrumentality having jurisdiction over the Depositor or its properties.

          (iv) There are no proceedings or investigations pending or, to the
     best knowledge of the Depositor, threatened against the Depositor before
     any court, regulatory body, administrative agency, or other tribunal or
     governmental instrumentality having


                                       -6-


<PAGE>


     jurisdiction over the Depositor (i) asserting the invalidity of any of
     the Basic Documents to which the Depositor is a party, (ii) seeking to
     prevent the consummation of any of the transactions contemplated by any
     of the Basic Documents, to which the Depositor is a party, (iii) seeking
     any determination or ruling that, in the reasonable judgment of the
     Depositor, would materially and adversely affect the performance by the
     Depositor of its obligations under the Basic Documents to which the
     Depositor is a party, or (iv) seeking any determination or ruling that
     would materially and adversely affect the validity or enforceability of
     the Basic Documents to which the Depositor is a party.

          SECTION 2.10. Liability of Certificateholder. To the fullest extent
permitted by applicable law, the Certificateholder shall not have any personal
liability for any liability or obligation of the Owner Trustee or the Owner
Trust.


                                  ARTICLE III

                    CERTIFICATES AND TRANSFER OF INTERESTS

          SECTION 3.1. Initial Ownership. Upon the formation of the Owner
Trust by the contribution by the Depositor pursuant to Section 2.5, the
Depositor shall be the sole beneficial owner of the Owner Trust. Upon the
issuance of the Certificate (as described below), the Certificateholder shall
be the beneficial owner of the Owner Trust.

          SECTION 3.2. The Certificate. (a) The Certificate shall be issued
substantially in the form of Exhibit A, which is incorporated by reference
herein. The Certificate shall be executed on behalf of the Owner Trust by
manual or facsimile signature of an Authorized Officer or other authorized
signatory of the Owner Trustee. A Certificate bearing the manual or facsimile
signatures of individuals who were, at the time when such signatures shall
have been affixed, authorized to sign on behalf of the Owner Trust, shall be
validly issued and entitled to the benefit of this Agreement, notwithstanding
that such individuals or any of them shall have ceased to be so authorized
prior to the authentication and delivery of such Certificate or did not hold
such offices at the date of authentication and delivery of such Certificate.
The Certificate shall not entitle its Holder to any benefit under this
Agreement, or be valid for any purpose, unless there shall appear on such
Certificate a certificate of authentication substantially in the form set
forth in Exhibit A, executed by the Owner Trustee, or the Owner Trustee's
authentication agent, by manual or facsimile signature; such authentication
shall constitute conclusive evidence that such Certificate shall have been
duly authenticated and delivered hereunder. The Certificate shall be dated the
date of its authentication.

          (b) The Certificateholder shall be entitled to receive distributions
from the Owner Trust Estate only in accordance with this Agreement and the
Deposit and Administration Agreement. In no event shall the Depositor or the
Certificateholder be entitled to possession of,


                                      -7-


<PAGE>

or be permitted to encumber any part of, the Owner Trust Estate.

          SECTION 3.3. Execution, Authentication and Delivery of Certificates.
Concurrently with the initial deposit of the Series Certificate with the Owner
Trustee, on behalf of the Owner Trust, pursuant to the Deposit and
Administration Agreement, the Owner Trustee shall cause the Certificate to be
executed on behalf of the Owner Trust, authenticated and delivered to or upon
the written order of the Depositor, signed by its chairman of the board, its
president or any vice president, without further action by the Depositor.

          SECTION 3.4. Restrictions on Transfer. To the fullest extent
permitted by applicable law, the Certificate (or any interest therein) may not
be sold, transferred, assigned, participated, pledged or otherwise disposed of
by the Depositor to any Person.

          SECTION 3.5. Mutilated, Destroyed, Lost or Stolen Certificate. If
(a) the mutilated Certificate shall be surrendered to the Owner Trustee, or if
the Owner Trustee shall receive evidence to its satisfaction of the
destruction, loss or theft of the Certificate and (b) there shall be delivered
to the Owner Trustee such security or indemnity as may be required by it to
save it harmless, then the Owner Trustee shall execute and the Owner Trustee,
or the Owner Trustee's authenticating agent, shall authenticate and deliver,
in exchange for or in lieu of the mutilated, destroyed, lost or stolen
Certificate, a new Certificate. In connection with the issuance of any new
Certificate under this Section 3.5, the Owner Trustee may require the payment
of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection therewith. Any duplicate Certificate issued pursuant to
this Section shall constitute conclusive evidence of a beneficial interest in
the Owner Trust, as if originally issued, whether or not the lost, stolen or
destroyed Certificate shall be found at any time. The provisions of this
Section 3.5 are exclusive and shall preclude (to the extent lawful) all other
rights and remedies with respect to the replacement of the mutilated,
destroyed, lost or stolen Certificate.

          SECTION 3.6. Authenticating Agent. (a) The Owner Trustee may appoint
one or more authenticating agents with respect to the Certificate which shall
be authorized to act on behalf of the Owner Trustee in authenticating the
Certificate in connection with the issuance, delivery, registration of
transfer, exchange or repayment of the Certificate. Whenever reference is made
in this Agreement to the authentication of the Certificate by the Owner
Trustee or the Owner Trustee's certificate of authentication, such reference
shall be deemed to include authentication on behalf of the Owner Trustee by an
authenticating agent and a certificate of authentication executed on behalf of
the Owner Trustee by an authenticating agent. Each authenticating agent shall
be subject to acceptance by the Depositor.

          (b) Any institution succeeding to the corporate agency business of
an authenticating agent shall continue to be an authenticating agent without
the execution or filing of any paper or any further act on the part of the
Owner Trustee or such authenticating agent.


                                      -8-


<PAGE>


          (c) An authenticating agent may at any time resign by giving written
notice of resignation to the Owner Trustee and the Depositor. The Owner
Trustee may at any time terminate the agency of an authenticating agent by
giving notice of termination to such authenticating agent and to the
Depositor. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time an authenticating agent shall cease to be
acceptable to the Owner Trustee or the Depositor, the Owner Trustee promptly
may appoint a successor authenticating agent with the consent of the
Depositor. Any successor authenticating agent upon acceptance of its
appointment hereunder shall become vested with all the rights, powers and
duties of its predecessor hereunder, with like effect as if originally named
as an authenticating agent.

          (d) The Depositor shall pay the authenticating agent from time to
time reasonable compensation for its services under this Section 3.6.

          (e) The provisions of Sections 6.1, 6.3, 6.4, 6.6, 7.1 and 7.2 shall
be applicable to any authenticating agent.

          (f) Pursuant to an appointment made under this Section 3.6, the
Certificate may have endorsed thereon, in lieu of the Owner Trustee's
certificate of authentication, an alternate certificate of authentication in
substantially the following form:

This is the Certificate referred to in the within-mentioned Trust Agreement.

                                      or

WILMINGTON TRUST COMPANY                WILMINGTON TRUST COMPANY
not in its individual capacity          not in its individual capacity
but solely as Owner Trustee for         but solely as Owner Trustee for the
the Chase Credit Card Owner             Chase Credit Card Owner Trust
Trust 2003-2                            2003-2


                                        By: ______________________________
                                              Authenticating Agent


By: ______________________________      By: ______________________________
         Authorized Signatory                  Authorized Signatory


                                      -9-


<PAGE>


          SECTION 3.7. Actions of Certificateholder. (a) Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by
this Agreement to be given or taken by the Certificateholder may be embodied
in and evidenced by one or more instruments of substantially similar tenor
signed by the Certificateholder in person or by agent duly appointed in
writing; and except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the
Owner Trustee and, when required, to the Depositor or the Servicer. Proof of
execution of any such instrument or of a writing appointing any such agent
shall be sufficient for any purpose of this Agreement and conclusive in favor
of the Owner Trustee, the Depositor and the Servicer, if made in the manner
provided in this Section 3.7.

          (b) The fact and date of the execution by the Certificateholder of
any such instrument or writing may be proved in any reasonable manner which
the Owner Trustee deems sufficient.

          (c) The Owner Trustee may require such additional proof of any
matter referred to in this Section 3.7 as it shall deem necessary.


                                  ARTICLE IV

                           ACTIONS BY OWNER TRUSTEE

          SECTION 4.1.  Prior Notice to Certificateholder with Respect to
Certain Matters. With respect to the following matters, the Owner Trustee
shall not take action unless at least 30 days before the taking of such
action, the Owner Trustee shall have notified the Certificateholder in writing
of the proposed action:

          (a) the initiation of any claim or lawsuit on behalf of the Owner
Trust (except claims or lawsuits brought to collect on the Series Certificate)
and the compromise of any material action, claim or lawsuit brought by or
against the Owner Trust or the Owner Trustee (except with respect to the
aforementioned claims or lawsuits to collect on the Series Certificate);

          (b) the election by the Issuer to file an amendment to the
Certificate of Trust (unless such amendment is required to be filed under the
Statutory Trust Act);

          (c) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is required;

          (d) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is not required and such
amendment materially adversely affects the interest of the Certificateholder;


                                      -10-


<PAGE>


          (e) the amendment, change or modification of the Deposit and
Administration Agreement, except any amendment where the consent of the
Certificateholder is not required under the terms of the Deposit and
Administration Agreement; or

          (f) the appointment pursuant to the Indenture of a successor
Indenture Trustee or the consent to the assignment by the Note Registrar, the
Paying Agent, the Indenture Trustee or the Certificate Registrar of its
obligations under the Indenture.

The Owner Trustee shall notify the Certificateholder in writing of any
appointment of a successor Paying Agent, Authenticating Agent or Certificate
Registrar within five Business Days thereof.


                                   ARTICLE V

                     AUTHORITY AND DUTIES OF OWNER TRUSTEE

            SECTION 5.1.  General Authority. The Owner Trustee is
authorized and directed to execute and deliver the Basic Documents to which
the Owner Trust, is to be a party and each certificate or other document
required to be executed on behalf of the Owner Trust that is attached as an
exhibit to or contemplated by the Basic Documents or any amendment thereto or
other agreement, in each case, in such form as the Depositor shall approve as
evidenced conclusively by the Owner Trustee's execution thereof and the
Depositor's execution of the related documents. In addition to the foregoing,
the Owner Trustee is authorized to take all actions required to be taken on
behalf of the Owner Trust pursuant to the Basic Documents. The Owner Trustee
is further authorized from time to time to take such action as the
Administrator directs in writing with respect to the Basic Documents, except
to extent that the Basic Documents expressly require the consent of the
Depositor for such action.

          SECTION 5.2. General Duties. It shall be the duty of the Owner
Trustee to discharge (or cause to be discharged) all of its responsibilities
pursuant to the terms of this Agreement and the other Basic Documents and to
administer the Owner Trust in the interest of the Certificateholder, subject
to the Basic Documents and in accordance with the provisions of this
Agreement. Notwithstanding the foregoing, the Owner Trustee shall be deemed to
have discharged its duties and responsibilities hereunder and under the Basic
Documents to the extent the Administrator has agreed in the Deposit and
Administration Agreement to perform any act or to discharge any duty of the
Owner Trustee or the Owner Trust hereunder or under any other Basic Document,
and the Owner Trustee shall not be liable for the default or failure of the
Administrator to carry out its obligations under the Deposit and
Administration Agreement.

          SECTION 5.3. Action upon Instruction. (a) The Certificateholder may,
by written instruction, direct the Owner Trustee in the management of the
Owner Trust. Such


                                      -11-


<PAGE>


direction may be exercised at any time by written instruction of the
Certificateholder.

          (b) Notwithstanding the foregoing, the Owner Trustee shall not be
required to take any action hereunder or under any other Basic Document if the
Owner Trustee shall reasonably determine, or shall have been advised by
counsel in writing, that such action is likely to result in personal liability
to the Owner Trustee (in such capacity or individually), is contrary to the
terms of this Agreement or any other Basic Document or is contrary to law.

          (c) Whenever the Owner Trustee is unable to decide between
alternative courses of action permitted or required by the terms of this
Agreement or any other Basic Document or is unsure as to the application of
any provision of this Agreement or any other Basic Document, or if any such
provision is ambiguous as to its application, or is, or appears to be, in
conflict with any other applicable provision, or in the event that this
Agreement permits any determination by the Owner Trustee or is silent or is
incomplete as to the course of action that the Owner Trustee is required to
take with respect to a particular set of facts, the Owner Trustee may give
notice (in such form as shall be appropriate under the circumstances) to the
Certificateholder requesting instruction as to the course of action to be
adopted, and to the extent the Owner Trustee acts in good faith in accordance
with any written instruction of the Certificateholder received, the Owner
Trustee shall not be liable on account of such action to any Person. If the
Owner Trustee shall not have received appropriate instruction within ten days
of such notice (or within such shorter period of time as reasonably may be
specified in such notice or may be necessary under the circumstances) it may,
but shall be under no duty to, take or refrain from taking such action, not
inconsistent with this Agreement or the other Basic Documents, as it shall
deem to be in the best interests of the Certificateholder, and shall have no
liability to any Person for such action or inaction.

          SECTION 5.4.  No Duties. Except as Specified in this Agreement or in
Instructions. The Owner Trustee shall undertake to perform such duties and
only such duties as are specifically set forth in this Agreement and the other
Basic Documents, and no implied covenants or obligations shall be read into
this Agreement or the other Basic Documents. The Owner Trustee shall not have
any duty or obligation to manage, make any payment with respect to, register,
record, sell, dispose of, or otherwise deal with the Owner Trust Estate, or to
otherwise take or refrain from taking any action under, or in connection with,
any document contemplated hereby to which the Owner Trustee is a party, except
as expressly provided by the terms of this Agreement or in any document or
written instruction received by the Owner Trustee pursuant to Section 5.3; and
no implied duties or obligations shall be read into this Agreement or any
other Basic Document against the Owner Trustee. The Owner Trustee shall have
no responsibility for filing any financing or continuation statement in any
public office at any time or to otherwise perfect or maintain the perfection
of any security interest or lien granted to it hereunder or to prepare or file
any filing for the Owner Trust with the Securities and Exchange Commission or
to record this Agreement or any other Basic Document. The Owner Trustee
nevertheless agrees that it will, at its own cost and expense, promptly take
all action as may be


                                      -12-


<PAGE>


necessary to discharge any Liens on any part of the Owner Trust Estate that
result from actions by, or claims against, the Owner Trustee, in its
individual capacity, that are not related to the ownership or the
administration of the Owner Trust Estate.

          SECTION 5.5.  No Action Except under Specified Documents or
Instructions. The Owner Trustee shall not manage, control, use, sell, dispose
of or otherwise deal with any part of the Owner Trust Estate except (i) in
accordance with the powers granted to and the authority conferred upon the
Owner Trustee pursuant to this Agreement, (ii) in accordance with the Basic
Documents, and (iii) in accordance with any document or instruction delivered
to the Owner Trustee pursuant to Section 5.3.

          SECTION 5.6.  Restrictions. The Owner Trustee shall not (a) take any
action that is inconsistent with the purposes of the Owner Trust set forth in
Section 2.3 or (b) take any action or amend this Agreement in any manner that,
to the actual knowledge of a Responsible Officer of the Owner Trustee, would
result in the Owner Trust becoming taxable as a corporation for United States
federal income tax purposes. The Certificateholder shall not direct the Owner
Trustee to take action that would violate the provisions of this Section.

          SECTION 5.7.  Doing Business in Other Jurisdictions. (a)
Notwithstanding anything contained herein to the contrary, the Owner Trustee
shall not be required to take any action in any jurisdiction other than in the
State of Delaware, other than as set forth in the last sentence of this
Section 5.7, if the taking of such action will (i) require the consent or
approval or authorization or order of or the giving of notice to, or the
registration with or the taking of any other action in respect of, any state
or other governmental authority or agency of any jurisdiction other than the
State of Delaware; (ii) result in any fee, tax or other governmental charge
under the laws of any jurisdiction or any political subdivisions thereof in
existence on the date hereof other than the State of Delaware becoming payable
by the Owner Trustee; or (iii) subject the Owner Trustee to personal
jurisdiction in any jurisdiction other than the State of Delaware for causes
of action arising from acts unrelated to the consummation of the transactions
by the Owner Trustee, as the case may be, contemplated hereby. The Owner
Trustee shall be entitled to obtain advice of counsel (which advice shall be
an expense of the Depositor) to determine whether any action required to be
taken pursuant to this Agreement results in the consequences described in
clauses (i), (ii) and (iii) of the preceding sentence. In the event that said
counsel advises the Owner Trustee that such action will result in such
consequences, the Owner Trustee will, at the expense of the Depositor, appoint
an additional trustee pursuant to Section 9.5 to proceed with such action.


                                      -13-


<PAGE>


                                  ARTICLE VI

                           CONCERNING OWNER TRUSTEE

          SECTION 6.1.  Acceptance of Trusts and Duties. The Owner Trustee
accepts the trusts hereby created and agrees to perform its duties hereunder
with respect to such trusts but only upon the terms of this Agreement. The
Owner Trustee also agrees to disburse all moneys actually received by it
constituting part of the Owner Trust Estate upon the terms of the other Basic
Documents and this Agreement. The Owner Trustee shall not be answerable or
accountable hereunder or under any Basic Document under any circumstances,
except (i) for its own willful misconduct, bad faith or gross negligence or
(ii) in the case of the breach of any representation or warranty contained in
Section 6.3 expressly made by the Owner Trustee. In particular, but not by way
of limitation (and subject to the exceptions set forth in the preceding
sentence):

          (a) The Owner Trustee shall not be liable for any error of judgment
made in good faith by a Responsible Officer of the Owner Trustee unless it is
proved that the Owner Trustee was grossly negligent in ascertaining the
pertinent facts;

          (b) The Owner Trustee shall not be liable with respect to any action
it takes or omits to take in good faith in accordance with the instructions of
the Certificateholder given pursuant to Section 5.3;

          (c) No provision of this Agreement or any other Basic Document shall
require the Owner Trustee to expend or risk funds or otherwise incur any
financial liability in its own performance of any of its rights or powers
hereunder or under any other Basic Document if the Owner Trustee shall have
reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not assured or provided to it;

          (d) Under no circumstances shall the Owner Trustee be liable for
indebtedness evidenced by or arising under any of the Basic Documents,
including the principal of and interest on the Notes;

          (e) The Owner Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Agreement or for the due
execution hereof by the Depositor or for the form, character, genuineness,
sufficiency, value or validity of any of the Owner Trust Estate or for or in
respect of the validity or sufficiency of the Basic Documents, other than the
certificate of authentication on the Certificate, shall not be accountable for
the use or application by the Depositor of the proceeds from the Certificate,
and the Owner Trustee shall in no event assume or incur any liability, duty or
obligation to any Noteholder or to the Certificateholder, other than as
expressly provided for herein and in the other Basic Documents;


                                      -14-
<PAGE>


          (f) The Owner Trustee shall not be liable for the default or
misconduct of the Indenture Trustee, the Administrator or the Servicer under
any of the Basic Documents or otherwise, and the Owner Trustee shall have no
obligation or liability to perform the obligations to be performed on behalf
of the Owner Trust under this Agreement or the other Basic Documents that are
required to be performed by the Administrator under the Deposit and
Administration Agreement or the Indenture Trustee under the Indenture;

          (g) The Owner Trustee shall be under no obligation to exercise any
of the rights or powers vested in it by this Agreement, or to institute,
conduct or defend any litigation under this Agreement or otherwise or in
relation to this Agreement or any other Basic Document, at the request, order
or direction of the Certificateholder, unless the Certificateholder has
offered to the Owner Trustee security or indemnity satisfactory to it against
the costs, expenses and liabilities that may be incurred by the Owner Trustee
therein or thereby. The right of the Owner Trustee to perform any
discretionary act enumerated in this Agreement or in any other Basic Document
shall not be construed as a duty, and the Owner Trustee shall not be
answerable for other than its gross negligence, bad faith or willful
misconduct in the performance of any such act; and

          (h) The Owner Trustee, upon receipt of any resolutions,
certificates, statements, opinions, reports, documents, orders or other
instruments furnished to the Owner Trustee that shall be specifically required
to be furnished pursuant to any provision of this Agreement or the other Basic
Documents, shall examine them to determine whether they conform to the
requirements of this Agreement or such other Basic Document; provided,
however, that the Owner Trustee shall not be responsible for the accuracy or
content of any such resolution, certificate, statement, opinion, report,
document, order or other instrument furnished to the Owner Trustee pursuant to
this Agreement or the other Basic Documents.

          SECTION 6.2. Furnishing of Documents. The Owner Trustee shall
furnish to the Certificateholder promptly upon receipt of a written request
therefor, duplicates or copies of all reports, notices, requests, demands,
certificates, financial statements and any other instruments furnished to the
Owner Trustee under the Basic Documents.

          SECTION 6.3.  Representations and Warranties. Wilmington Trust
Company, in its individual capacity, hereby represents and warrants to the
Depositor, for the benefit of the Certificateholder, that:

          (a) It is a banking corporation duly organized and validly existing
in good standing under the laws of the State of Delaware and having an office
within the State of Delaware. It has all requisite corporate power, authority
and legal right to execute, deliver and perform its obligations under this
Agreement.

          (b) It has taken all corporate action necessary to authorize the
execution and


                                      -15-


<PAGE>


delivery by it of this Agreement, and this Agreement will be executed and
delivered by one of its officers who is duly authorized to execute and deliver
this Agreement on its behalf.

          (c) Neither the execution nor the delivery by it of this Agreement,
nor the consummation by it of the transactions contemplated hereby nor
compliance by it with any of the terms or provisions hereof will contravene
any federal or Delaware law, governmental rule or regulation governing the
banking or trust powers of the Owner Trustee or any judgment, writ, decree or
order applicable to it, or constitute any default under its charter documents
or by-laws or, with or without notice or lapse of time, any indenture,
mortgage, contract, agreement or instrument to which it is a party or by which
any of its properties may be bound.

          (d) The execution, delivery and performance by Wilmington Trust
Company of this Agreement does not require the authorization, consent, or
approval of, the giving of notice to, the filing or registration with, or the
taking of any other action in respect of, any governmental authority or agency
of the State of Delaware or the United States of America regulating the
corporate trust activities of Wilmington Trust Company.

          (e) This Agreement has been duly authorized, executed and delivered
by Wilmington Trust Company and shall constitute the legal, valid, and binding
agreement of Wilmington Trust Company, enforceable in accordance with its
terms, except as such enforcement may be limited by bankruptcy, insolvency,
reorganization and other laws affecting the rights of creditors generally, and
by general principles of equity regardless of whether enforcement is pursuant
to a proceeding in equity or at law.

          (f) It will comply with all of the requirements of Section 3807(a)
of the Statutory Trust Act relating to the qualification of a trustee for a
Delaware statutory trust.

          SECTION 6.4.  Reliance; Advice of Counsel. The Owner Trustee shall
incur no liability to anyone in acting upon any signature, instrument, notice,
resolution, request, consent, order, certificate, report, opinion, bond or
other document or paper believed by it to be genuine and believed by it to be
signed by the proper party or parties. The Owner Trustee may accept a
certified copy of a resolution of the board of directors or other governing
body of any corporate party as conclusive evidence that such resolution has
been duly adopted by such body and that the same is in full force and effect.
As to any fact or matter the method of the determination of which is not
specifically prescribed herein, the Owner Trustee may for all purposes hereof
rely on a certificate, signed by the president or any vice president or by the
treasurer, secretary or other authorized officers of the relevant party, as to
such fact or matter, and such certificate shall constitute full protection to
the Owner Trustee for any action taken or omitted to be taken by it in good
faith in reliance thereon.

          (b) In the exercise or administration of the trusts hereunder and in
the performance of its duties and obligations under this Agreement or the
other Basic Documents,


                                      -16-


<PAGE>


the Owner Trustee (i) may act directly or through its agents or attorneys
pursuant to agreements entered into with any of them, and the Owner Trustee
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 Owner Trustee with
due care and (ii) may consult with counsel, accountants and other skilled
persons knowledgeable in the relevant area to be selected with reasonable care
and employed by it. The Owner Trustee shall not be liable for anything done,
suffered or omitted in good faith by it in accordance with the written opinion
or advice of any such counsel, accountants or other such persons and not
contrary to this Agreement or any other Basic Document.

          SECTION 6.5.  Not Acting in Individual Capacity. Except as provided
in this Article VI, in accepting the trusts hereby created, Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2003-2, acts solely as the Owner Trustee
hereunder and not in its individual capacity and all Persons having any claim
against the Owner Trustee by reason of the transactions contemplated by this
Agreement or any other Basic Document shall look only to the Owner Trust
Estate for payment or satisfaction thereof.

          SECTION 6.6.  Owner Trustee May Own Notes. The Owner Trustee in its
individual or any other capacity may become the owner or pledgee of the Notes
and may deal with the Depositor, the Indenture Trustee and the Servicer in
banking transactions with the same rights as it would have if it were not the
Owner Trustee.


                                  ARTICLE VII

                         COMPENSATION OF OWNER TRUSTEE

          SECTION 7.1.  Owner Trustee's Fees and Expenses. The Owner Trustee
shall receive as compensation for its services hereunder such fees as have
been separately agreed upon before the date hereof between the Depositor and
the Owner Trustee, and the Owner Trustee shall be entitled to be reimbursed by
the Depositor for its other reasonable expenses hereunder, including the
reasonable compensation, expenses and disbursements of such agents,
representatives, experts and counsel as the Owner Trustee may employ in
connection with the exercise and performance of its rights and its duties
hereunder except any such expenses as may arise from its gross negligence,
wilful misfeasance, or bad faith or that is the responsibility of the
Certificateholder under this Agreement.

          SECTION 7.2.  Indemnification. The Depositor shall be liable as
primary obligor for, and shall indemnify the Owner Trustee (in such capacity
or individually) and its successors, assigns, agents and servants
(collectively, the "Indemnified Parties") from and against, any and all
liabilities, obligations, losses, damages, taxes, claims, actions and suits,
and any and all reasonable costs, expenses and disbursements (including
reasonable legal fees and

                                      -17-

<PAGE>

expenses) of any kind and nature whatsoever (collectively, "Expenses") which
may at any time be imposed on, incurred by, or asserted against the Owner
Trustee or any Indemnified Party in any way relating to or arising out of this
Agreement, the other Basic Documents, the Owner Trust Estate, the
administration of the Owner Trust Estate or the action or inaction of the
Owner Trustee hereunder, except only that the Depositor shall not be liable
for or required to indemnify the Owner Trustee from and against Expenses
arising or resulting from any of the matters described in the third sentence
of Section 6.1. The indemnities contained in this Section shall survive the
resignation or termination of the Owner Trustee or the termination of this
Agreement. If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted
against any Indemnified Party in respect of which indemnity may be sought
pursuant to this Section 7.2, such Indemnified Party shall promptly notify the
Depositor in writing, and the Depositor upon request of the Indemnified Party
shall retain counsel reasonably satisfactory to the Indemnified Party (or,
with the consent of the Depositor, counsel selected by the Indemnified Party
acceptable to the Depositor) to represent the Indemnified Party and any others
the Depositor may designate in such proceeding and shall pay the reasonable
fees and expenses of such counsel related to such proceeding. The Depositor
shall not be liable for any settlement of any claim or proceeding effected
without its written consent, but if settled with such consent or if there be a
final judgment for the plaintiff, the Depositor agrees to indemnify any
Indemnified Party from and against any loss or liability by reason of such
settlement or judgment. The Depositor shall not, without the prior written
consent of the Indemnified Party, effect any settlement of any pending or
threatened proceeding in respect of which any Indemnified Party is or could
have been a party and indemnity could have been sought hereunder by such
Indemnified Party, unless such settlement includes an unconditional release of
such Indemnified Party from all liability on claims that are the subject
matter of such proceeding.

          SECTION 7.3. Payments to Owner Trustee. Any amounts paid to the
Owner Trustee pursuant to this Article VII shall be deemed not to be a part of
the Owner Trust Estate immediately after such payment.


                                 ARTICLE VIII

                        TERMINATION OF TRUST AGREEMENT

          SECTION 8.1. Termination of Trust Agreement. (a) The Owner Trust
shall terminate upon the final distribution by the Owner Trustee of all moneys
or other property or proceeds of the Owner Trust Estate in accordance with the
terms of the Indenture, the Deposit and Administration Agreement and the
Statutory Trust Act. Any money or other property held as part of the Owner
Trust Estate following such distribution, after satisfaction of all
liabilities of the Owner Trust in accordance with Section 3808 of the
Statutory Trust Act, shall be distributed to the Certificateholder. The
bankruptcy, death, incapacity, liquidation, dissolution or termination of the
Depositor or Certificateholder (or any other beneficiary) shall not (x)
operate


                                      -18-


<PAGE>


to revoke or terminate this Agreement or the Owner Trust, or (y) entitle the
Certificateholder's (or any other beneficiary) legal representatives to claim
an accounting or to take any action or proceeding in any court for a partition
or winding up of all or any part of the Owner Trust or Owner Trustee Estate or
(z) otherwise affect the rights, obligations and liabilities of the parties
hereto.

          (b) Except as provided in Section 8.1(a) or 8.1(c), neither the
Depositor nor the Certificateholder shall be entitled to revoke or terminate
the Owner Trust.

          (c) Except as provided in this Section 8.1(c), neither the Depositor
nor the Certificateholder shall be entitled to revoke or terminate the Owner
Trust or this Agreement. The Depositor and the Owner Trustee acknowledge that
the Indenture Trustee, on behalf of the Noteholders, is a third-party
beneficiary of this Agreement and shall be entitled to enforce the terms of
this Agreement to the same extent as it was a signatory hereto. For so long as
the Notes are outstanding, neither the Owner Trust nor this Agreement shall be
revoked without the prior written consent of the Indenture Trustee. The
Depositor and the Owner Trustee acknowledge that the Indenture Trustee, as an
agent of the Noteholders, maintains a legitimate interest in ensuring that the
Owner Trust is not revoked prior to the fulfillment of the Owner Trust
objectives. In no event may this Agreement be amended without the prior
written consent of the Indenture Trustee if the effect of such amendment is
the revocation or termination of this Owner Trust other than in accordance
with this Section 8.1. Upon the winding up of the Owner Trust in accordance
with the Statutory Trust Act, the Owner Trustee shall cause the Certificate of
Trust to be canceled by filing a certificate of cancellation with the
Secretary of State in accordance with the provisions of Section 3810 of the
Statutory Trust Act and thereupon the Owner Trust and this Agreement (other
than Article VII) shall terminate.


                                  ARTICLE IX

            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

          SECTION 9.1. Eligibility Requirements for Owner Trustee. The Owner
Trustee shall at all times be an entity authorized to exercise corporate trust
powers, having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state authorities; and
having (or having a parent) which has a rating of at least Baa3 by Moody's, at
least BBB- by Standard & Poor's and, if rated by Fitch, at least BBB- by
Fitch, or if not rated, otherwise satisfactory to each Note Rating Agency. If
such entity shall publish reports of condition at least annually, pursuant to
law or to the requirements of the aforesaid supervising or examining
authority, then for the purpose of this Section, the combined capital and
surplus of such entity shall be deemed to be its combined capital and surplus
as set forth in its most recent report of condition so published. In case at
any time the Owner Trustee shall cease to be eligible in accordance with the
provisions of this Section, the Owner Trustee shall resign immediately in the
manner and with the effect specified in Section 9.2. In addition, at all


                                      -19-


<PAGE>


times the Owner Trustee or a co-trustee shall be a person that satisfies the
requirements of Section 3807(a) of the Statutory Trust Act.

          SECTION 9.2.  Resignation or Removal of Owner Trustee. The Owner
Trustee may at any time resign and be discharged from the trusts hereby
created by giving written notice thereof to the Administrator. Upon receiving
such notice of resignation, the Administrator shall promptly appoint a
successor Owner Trustee by written instrument, in duplicate, one copy of which
instrument shall be delivered to the resigning Owner Trustee and one copy to
the successor Owner Trustee. If no successor Owner Trustee shall have been so
appointed and have accepted appointment within 30 days after the giving of
such notice of resignation, the resigning Owner Trustee may petition any court
of competent jurisdiction for the appointment of a successor Owner Trustee.

          If at any time the Owner Trustee shall cease to be eligible in
accordance with the provisions of Section 9.1 and shall fail to resign after
written request therefor by the Administrator, or if at any time the Owner
Trustee shall be legally unable to act, or shall be adjudged bankrupt or
insolvent, or a receiver of the Owner Trustee or of its property shall be
appointed, or any public officer shall take charge or control of the Owner
Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then the Administrator may remove the Owner
Trustee. If the Administrator shall remove the Owner Trustee under the
authority of the immediately preceding sentence, the Administrator shall
promptly appoint a successor Owner Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the outgoing
Owner Trustee so removed and one copy of which shall be delivered to the
successor Owner Trustee, and payment of all fees owed to the outgoing Owner
Trustee shall be made to the outgoing Owner Trustee.

          Any resignation or removal of the Owner Trustee and appointment of a
successor Owner Trustee pursuant to any of the provisions of this Section
shall not become effective until acceptance of appointment by the successor
Owner Trustee pursuant to Section 9.3 and payment of all fees and expenses
owed to the outgoing Owner Trustee. The Administrator shall provide notice of
such resignation or removal of the Owner Trustee to each of the Note Rating
Agencies.

          SECTION 9.3.  Successor Owner Trustee. Any successor Owner Trustee
appointed pursuant to Section 9.2 shall execute, acknowledge and deliver to
the Administrator and to its predecessor Owner Trustee an instrument accepting
such appointment under this Agreement, and thereupon the resignation or
removal of the predecessor Owner Trustee shall become effective and such
successor Owner Trustee, without any further act, deed or conveyance, shall
become fully vested with all the rights, powers, duties and obligations of its
predecessor under this Agreement, with like effect as if originally named as
the Owner Trustee. The predecessor Owner Trustee shall upon payment of its
fees and expenses deliver to the successor Owner Trustee all documents and
statements and monies held by it under this


                                      -20-


<PAGE>


Agreement; and the Administrator and the predecessor Owner Trustee shall
execute and deliver such instruments and do such other things as may
reasonably be required for fully and certainly vesting and confirming in the
successor Owner Trustee all such rights, powers, duties and obligations.

          No successor Owner Trustee shall accept appointment as provided in
this Section unless at the time of such acceptance such successor Owner
Trustee shall be eligible pursuant to Section 9.1.

          Upon acceptance of appointment by a successor Owner Trustee pursuant
to this Section, the Administrator shall mail notice of the successor of such
Owner Trustee to the Certificateholder, the Indenture Trustee, the Noteholders
and the Note Rating Agencies. If the Administrator shall fail to mail such
notice within 10 days after acceptance of appointment by the successor Owner
Trustee, the successor Owner Trustee shall cause such notice to be mailed at
the expense of the Administrator. Any successor Owner Trustee appointed
pursuant to this Section 9.3 shall be eligible to act as a trustee in
accordance with Section 3807(a) of the Statutory Trust Act and, following
compliance with this Section, shall become fully vested with the rights,
powers, duties and obligations of its predecessor under this Agreement, with
like effect as if originally named as Owner Trustee. Any successor Owner
Trustee appointed hereunder shall promptly file an amendment to the
Certificate of Trust as required by the Statutory Trust Act.

          SECTION 9.4.  Merger or Consolidation of Owner Trustee. Any
corporation into which the Owner Trustee may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Owner Trustee shall be a party, or
any entity succeeding to all or substantially all of the corporate trust
business of the Owner Trustee, shall be the successor of the Owner Trustee
hereunder, provided such entity shall be eligible pursuant to Section 9.1,
without the execution or filing of any instrument or any further act on the
part of any of the parties hereto, anything herein to the contrary
notwithstanding; provided further that the Owner Trustee shall mail notice of
such merger or consolidation to the Note Rating Agencies.

          SECTION 9.5. Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any time, for the
purpose of meeting any legal requirements of any jurisdiction in which any
part of the Owner Trust Estate may at the time be located, the Administrator
and the Owner Trustee acting jointly shall have the power and shall execute
and deliver all instruments to appoint at the expense of the Depositor one or
more Persons approved by the Owner Trustee to act as co-trustee, jointly with
the Owner Trustee, or separate trustee or separate trustees, of all or any
part of the Owner Trust Estate, and to vest in such Person, in such capacity,
such title to the Owner Trust, or any part thereof, and, subject to the other
provisions of this Section, such powers, duties, obligations, rights and
trusts as the Administrator and the Owner Trustee may consider necessary or
desirable. If the Administrator


                                      -21-


<PAGE>


shall not have joined in such appointment within 15 days after the receipt by
it of a request so to do, the Owner Trustee alone shall have the power to make
such appointment. No co-trustee or separate trustee under this Agreement shall
be required to meet the terms of eligibility as a successor trustee pursuant
to Section 9.1, and no notice of the appointment of any co-trustee or separate
trustee shall be required pursuant to Section 9.3.

          Each separate trustee and co-trustee shall, to the extent permitted
by law, be appointed and act subject to the following provisions and
conditions:

          (i) all rights, powers, duties and obligations conferred or imposed
     upon the Owner Trustee shall be conferred upon and exercised or performed
     by the Owner Trustee and such separate trustee or co-trustee jointly (it
     being understood that such separate trustee or co-trustee is not
     authorized to act separately without the Owner Trustee joining in such
     act), except to the extent that under any law of any jurisdiction in
     which any particular act or acts are to be performed, the Owner Trustee
     shall be incompetent or unqualified to perform such act or acts, in which
     event such rights, powers, duties and obligations (including the holding
     of title to the Owner Trust or any portion thereof in any such
     jurisdiction) shall be exercised and performed singly by such separate
     trustee or co-trustee, but solely at the direction of the Owner Trustee;

          (ii) no trustee under this Agreement shall be personally liable by
     reason of any act or omission of any other trustee under this Agreement;
     and

          (iii) the Administrator and the Owner Trustee acting jointly may at
     any time accept the resignation of or remove any separate trustee or
     co-trustee.

          Any notice, request or other writing given to the Owner Trustee
shall be deemed to have been given to each of the then separate trustees and
co-trustees, as effectively as if given to each of them. Every instrument
appointing any separate trustee or co-trustee shall refer to this Agreement
and the conditions of this Article. Each separate trustee and co-trustee, upon
its acceptance of the trusts conferred, shall be vested with the estates or
property specified in its instrument of appointment, either jointly with the
Owner Trustee or separately, as may be provided therein, subject to all the
provisions of this Agreement, specifically including every provision of this
Agreement relating to the conduct of, affecting the liability of, or affording
protection to, the Owner Trustee. Each such instrument shall be filed with the
Owner Trustee and a copy thereof given to the Administrator.

          Any separate trustee or co-trustee may at any time appoint the Owner
Trustee as its agent or attorney-in-fact with full power and authority, to the
extent not prohibited by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Owner


                                      -22-


<PAGE>


Trustee, to the extent permitted by law, without the appointment of a
new or successor trustee.

          If, at any time, the Owner Trustee shall no longer satisfy the
requirements of Section 3807(a) of the Statutory Trust Act, the Owner Trustee
and the Administrator acting jointly shall appoint a co-trustee that meets the
requirements of Section 3807(a) of the Statutory Trust Act. Upon acceptance of
such appointment, the Owner Trustee and the co-trustee appointed pursuant to
this Section 9.5(b) shall promptly file an amendment to the Certificate of
Trust as required by the Statutory Trust Act.


                                   ARTICLE X

                                 MISCELLANEOUS

          SECTION 10.1.  Supplements and Amendments. This Agreement may be
amended by the Depositor and the Owner Trustee, with prior written notice to
the Note Rating Agencies, without the consent of the Indenture Trustee, any of
the Noteholders or the Certificateholder, to cure any ambiguity or defect, to
correct or supplement any provisions in this Agreement or for the purpose of
adding any provisions to or changing in any manner or eliminating any of the
provisions in this Agreement or of modifying in any manner the rights of the
Noteholders or the Certificateholder; provided, however, 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 interest of any Noteholder or the Owner
Trust or significantly change any of the Owner Trust's permitted activities as
described in Section 2.3 and (ii) as evidenced by an Opinion of Counsel
addressed and delivered to the Owner Trustee and the Indenture Trustee, cause
the Owner Trust to be classified as an association (or a publicly traded
partnership) taxable as a corporation for federal income tax purposes;
provided, further, that the Depositor shall deliver written notice of such
amendments to each Note Rating Agency prior to the execution of any such
amendment.

          This Agreement may also be amended from time to time by the
Depositor and the Owner Trustee, with prior written notice to the Note Rating
Agencies, with the prior written consent of the Holders of Notes evidencing
not less than a majority of 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 modifying in any manner the rights
of the Noteholders or the Certificateholder; provided that no such amendment
shall (a) increase or reduce in any manner the amount of, or accelerate or
delay the timing of, collections of payments in respect of the Series
Certificate or distributions that shall be required to be made for the benefit
of the Noteholders or the Certificateholder, or (b) reduce the aforesaid
percentage of the Outstanding Amount of the Notes, the Holders of which are
required to consent to any such amendment.

          Promptly after the execution of any amendment or consent, the Owner
Trustee


                                      -23-


<PAGE>


shall furnish written notification of the substance of such amendment or
consent to the Certificateholder, the Indenture Trustee and each of the Note
Rating Agencies.

          It shall not be necessary for the consent of the 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.

          Prior to the execution of any amendment to this Agreement, the Owner
Trustee shall be entitled to receive and rely upon an Opinion of Counsel
stating that the execution of such amendment is authorized or permitted by
this Agreement. The Owner Trustee may, but shall not be obligated to, enter
into any such amendment which affects the Owner Trustee's own rights, duties
or immunities under this Agreement or otherwise.

          SECTION 10.2. No Legal Title to Owner Trust Estate in
Certificateholder. The Certificateholder shall not have legal title to any
specific property in the Owner Trust Estate. No transfer, by operation of law
or otherwise, of any right, title or interest of the Certificateholder to and
in its ownership interest in the Owner Trust Estate shall operate to terminate
this Agreement or the trusts hereunder or entitle any transferee to an
accounting or to the transfer to it of legal title to any specific property in
the Owner Trust Estate.

          SECTION 10.3. Limitations on Rights of Others. The provisions of
this Agreement are solely for the benefit of the Owner Trustee, the Depositor,
the Certificateholder and, to the extent expressly provided herein, the
Indenture Trustee, the Administrator and the Noteholders, and nothing in this
Agreement, whether express or implied, shall be construed to give to any other
Person any legal or equitable right, remedy or claim in the Owner Trust Estate
or under or in respect of this Agreement or any covenants, conditions or
provisions contained herein.

          SECTION 10.4. Notices. Unless otherwise expressly specified or
permitted by the terms hereof, all notices shall be in writing and shall be
deemed given upon receipt personally delivered, delivered by overnight courier
or mailed certified mail, return receipt requested and shall be deemed to have
been duly given upon receipt, if to the Owner Trustee, addressed to Wilmington
Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, DE
19890-0001, Attn: Corporate Trust Administration, if to the Depositor,
addressed to, Chase Manhattan Bank USA, National Association, Attn: Patricia
M. Garvey, or, as to each party, at such other address as shall be designated
by such party in a written notice to each other party.

          SECTION 10.5. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, 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.


                                      -24-


<PAGE>


          SECTION 10.6. Separate Counterparts. This Agreement may be executed
by the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.

          SECTION 10.7. Successors and Assigns. All covenants and agreements
contained herein shall be binding upon, and inure to the benefit of, the
Depositor, the Owner Trustee and its successors and the Certificateholder and
its successors and permitted assigns, all as herein provided. Any request,
notice, direction, consent, waiver or other instrument or action by the
Certificateholder shall bind the successors and assigns of the
Certificateholder.

          SECTION 10.8. Nonpetition Covenants. Notwithstanding any prior
termination of the Owner Trust or this Agreement, each of the Owner Trustee
(not in its individual capacity) and the Certificateholder, by its acceptance
of the Certificate, covenants and agrees that it shall not at any time with
respect to the Owner Trust or the Master Trust, acquiesce, petition or
otherwise invoke or cause the Owner Trust 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 Owner Trust 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 Owner Trust or the Master Trust or any
substantial part of its property, or ordering the winding up or liquidation of
the affairs of the Owner Trust or the Master Trust; provided, however, that
this Section 10.8 shall not operate to preclude any remedy described in
Article V of the Indenture.

          SECTION 10.9. No Recourse. The Certificateholder by accepting the
Certificate acknowledges that the Certificate does not represent an interest
in or obligation of the Depositor, the Administrator, the Owner Trustee (in
its individual capacity), the Indenture Trustee or any Affiliate thereof, and
no recourse may be had against such parties or their assets, or against the
assets pledged under the Indenture.

          SECTION 10.10. Headings. The headings of the various Articles and
Sections herein are for convenience of reference only and shall not define or
limit any of the terms or provisions hereof.

          SECTION 10.11. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

          SECTION 10.12. Depositor Payment Obligation. The Depositor shall be


                                      -25-


<PAGE>


responsible for payment of the Administrator's fees under the Deposit and
Administration Agreement and shall reimburse the Administrator for all
expenses and liabilities of the Administrator incurred thereunder.

          SECTION 10.13. Acceptance of Terms of Agreement. THE RECEIPT AND
ACCEPTANCE OF THE CERTIFICATE BY THE CERTIFICATEHOLDER, WITHOUT ANY SIGNATURE
OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL
ACCEPTANCE BY THE CERTIFICATEHOLDER OF ALL THE TERMS AND PROVISIONS OF THIS
AGREEMENT, AND SHALL CONSTITUTE THE AGREEMENT OF THE OWNER TRUST THAT THE
TERMS AND PROVISIONS OF THIS AGREEMENT SHALL BE BINDING, OPERATIVE AND
EFFECTIVE AS BETWEEN THE OWNER TRUST AND THE CERTIFICATEHOLDER.

          SECTION 10.14. Compliance with Sarbanes-Oxley Act of 2002.
Notwithstanding anything to the contrary herein or in any other Basic
Document, the Owner Trustee shall not be required to execute, deliver or
certify on behalf of the Owner Trust or any other Person any filings,
certificates, affidavits or other instruments required under the
Sarbanes-Oxley Act of 2002. Notwithstanding any Person's right to instruct the
Owner Trustee, neither the Owner Trustee nor any agent, employee, director or
officer of the Owner Trustee shall have any obligation to execute any
certificates or other documents required pursuant to the Sarbanes-Oxley Act of
2002 or the rules and regulations promulgated thereunder, and the refusal to
comply with any such instructions shall not constitute a default or breech
under any Basic Document.

          SECTION 10.15. Integration of Documents. This Agreement, together
with the Deposit and Administration Agreement, constitutes the entire
agreement of the parties hereto and thereto with respect to the subject matter
hereof and thereof and supercedes all prior agreements relating to the subject
matter hereof and thereof.

                          [Signature Page to Follow]


                                      -26-


<PAGE>


          IN WITNESS WHEREOF, the parties hereto have caused this Trust
Agreement to be duly executed by their respective officers hereunto duly
authorized as of the day and year first above written.

                                     WILMINGTON TRUST COMPANY,
                                     as Owner Trustee



                                     By:/s/ Donald G. MacKelcan
                                        ---------------------------------
                                        Name:   Donald G. MacKelcan
                                        Title:  Vice President



                                     CHASE MANHATTAN BANK USA,
                                       NATIONAL ASSOCIATION,
                                     as Depositor




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


                                      -27-


<PAGE>


          IN WITNESS WHEREOF, the parties hereto have caused this Trust
Agreement to be duly executed by their respective officers hereunto duly
authorized as of the day and year first above written.

                                     WILMINGTON TRUST COMPANY,
                                     as Owner Trustee



                                     By:---------------------------------
                                        Name:   Donald G. MacKelcan
                                        Title:  Vice President



                                     CHASE MANHATTAN BANK USA,
                                       NATIONAL ASSOCIATION,
                                     as Depositor




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


                                      -27-

<PAGE>


                                                                     EXHIBIT A


TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THIS CERTIFICATE (OR ANY
INTEREST HEREIN) MAY NOT BE TRANSFERRED BY THE OWNER TO ANY PERSON.


                     CHASE CREDIT CARD OWNER TRUST 2003-2

                               OWNER CERTIFICATE



R-1



(This Certificate does not represent an interest in or obligation of Chase
Manhattan Bank USA, National Association, or any of its affiliates, except to
the extent described below.)

          THIS CERTIFIES THAT Chase Manhattan Bank USA, National Association
is the registered owner of one hundred percent (100%) of the beneficial
interest in the Chase Credit Card Owner Trust 2003-2, a Delaware statutory
trust (the "Owner Trust") created pursuant to the Chase Credit Card Owner
Trust 2003-2 Trust Agreement dated as of April 15, 2003 (the "Trust
Agreement"), between Chase Manhattan Bank USA, National Association (the
"Depositor") and Wilmington Trust Company, as owner trustee (the "Owner
Trustee"). To the extent not otherwise defined herein, the capitalized terms
used herein have the meanings assigned to them in the Trust Agreement
including, as specified in Section 1.1(a).

          This Certificate is the duly authorized Certificate evidencing the
sole beneficial interest in the Owner Trust (herein called the "Certificate").
This Certificate is issued under and is subject to the terms, provisions and
conditions of the Trust Agreement, to which Trust Agreement the
Certificateholder by virtue of the acceptance hereof assents and by which the
Certificateholder is bound. Three classes of Notes designated as Class A
Floating Rate Asset Backed Notes, Series 2003-2 (the "Class A Notes"), Class B
Floating Rate Asset Backed Notes, Series 2003-2 (the "Class B Notes") and
Class C Floating Rate Asset Backed Notes, Series 2003-2 (the "Class C Notes"
and, together with the Class A Notes and the Class B Notes, the "Notes") will
be issued under the Indenture dated as of April 15, 2003 between the Owner
Trust and The Bank of New York, as Indenture Trustee.

          Notwithstanding any prior termination of the Trust Agreement, the
Certificateholder, by its acceptance of this Certificate, covenants and agrees
that it shall not at any time with respect to the Owner Trust, the Depositor
or the Master Trust, acquiesce, petition or otherwise invoke or cause the
Owner Trust, the Depositor 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 Owner


                                      -28-


<PAGE>


Trust, the Depositor 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 Owner Trust, the Depositor or the Master Trust, or any
substantial part of its property, or ordering the winding up or liquidation of
the affairs of the Owner Trust, the Depositor or the Master Trust.

          Unless the certificate of authentication hereon shall have been
executed by an authorized officer of the Owner Trustee, by manual signature,
this Certificate shall not entitle the Holder hereof to any benefit under the
Trust Agreement or the Deposit and Administration Agreement or be valid for
any purpose.

          THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND
THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE OWNER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

          IN WITNESS WHEREOF, the Owner Trust has caused this Certificate to
be duly executed.



                                          CHASE CREDIT CARD OWNER
                                          TRUST 2003-2



                                          By:  WILMINGTON TRUST COMPANY
                                               Not in its individual capacity
                                               but solely as Owner Trustee for
                                               the Chase Credit Card Owner
                                               Trust 2003-2



Dated:  _________________,______          By: ________________________________
                                              Name:
                                              Title:


                                      -29-


<PAGE>


                  CERTIFICATE OF AUTHENTICATION



          This is the Certificate referred to in the within-mentioned Trust
Agreement.



 WILMINGTON TRUST COMPANY
 not in its individual capacity
 but solely as Owner Trustee for the
 Chase Credit Card Owner Trust 2003-2



By:____________________________________
   Authorized Signatory


                                      -30-


<PAGE>


                                                          ANNEX 1 TO EXHIBIT A





Registered Owner and address:

    Chase Manhattan Bank USA, National Association
    500 Stanton Christiana Road, 1st Floor
    Newark, DE 19713


Tax Identification Number: 22-2382028


                                      -31-


<PAGE>


                                                                     EXHIBIT B



                            CERTIFICATE OF TRUST OF
                     CHASE CREDIT CARD OWNER TRUST 2003-2


          THIS Certificate of Trust of Chase Credit Card Owner Trust 2003-2
(the "Trust"), is being duly executed and filed by the undersigned, as
trustee, to form a statutory trust under the Delaware Statutory Trust Act (12
Del. C., section 3801 et seq.) (the "Act").

          1. Name. The name of the statutory trust created hereby is Chase
Credit Card Owner Trust 2003-2.

          2. Delaware Trustee. The name and business address of the trustee of
the Trust in the State of Delaware is Wilmington Trust Company, a Delaware
banking corporation, located at Rodney Square North, 1100 North Market Street,
Wilmington, DE 19801.

          3. Effective Date. This Certificate of Trust shall be effective
April 15, 2003.

          IN WITNESS WHEREOF, the undersigned has executed this Certificate of
Trust in accordance with Section 3811(a)(1) of the Act.


                                    WILMINGTON TRUST COMPANY,
                                    as trustee


                                    By: ____________________________________
                                    Name:
                                    Title:


                                      -32-