CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,

                        as Depositor and Administrator


                                      and


                     CHASE CREDIT CARD OWNER TRUST 2000-1

                                   as Issuer





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                                    DEPOSIT

                                      AND

                           ADMINISTRATION AGREEMENT

                           Dated as of March 2, 2000



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                               TABLE OF CONTENTS
                               -----------------
                                                                         Page
                                                                         ----
                             ARTICLE I DEFINITIONS
         SECTION 1.1          Definitions . . . . . . . . . . . . . . . . .  1
         SECTION 1.2          Usage of Terms  . . . . . . . . . . . . . . .  1
                      ARTICLE II DEPOSIT OF CERTIFICATE
         SECTION 2.1          Deposit of Certificate and Initial Deposit  .  1
         SECTION 2.2          Closing . . . . . . . . . . . . . . . . . . .  3
         SECTION 2.3          Books and Records . . . . . . . . . . . . . .  3
         SECTION 2.4          Holder of the Series Certificate  . . . . . .  3
             ARTICLE III DEPOSITOR REPRESENTATIONS AND WARRANTIES
         SECTION 3.1          Representations and Warranties of Depositor .  3
             ARTICLE IV ADMINISTRATION
         SECTION 4.1          Duties as Administrator . . . . . . . . . . .  5
         SECTION 4.2          Records . . . . . . . . . . . . . . . . . . . 11
         SECTION 4.3          [Reserved]  . . . . . . . . . . . . . . . . . 12
         SECTION 4.4          Additional Information To Be
                              Furnished to Issuer  . . . . . . . . . . .. . 12
         SECTION 4.5          Independence of Administrator . . . . . . . . 12
         SECTION 4.6          No Joint Venture  . . . . . . . . . . . . . . 12
         SECTION 4.7          Other Activities of Administrator . . . . . . 12
                             ARTICLE V TERMINATION
         SECTION 5.1          Term of Agreement; Resignation and Removal of
                                 Administrator  . . . . . . . . . . . . . . 13
         SECTION 5.2          Action upon Termination, Resignation
                              or Removal  . . . . . . . . . . . . . . . . . 14
                           ARTICLE VI MISCELLANEOUS
         SECTION 6.1          Notices . . . . . . . . . . . . . . . . . . . 15
         SECTION 6.2          Amendments  . . . . . . . . . . . . . . . . . 16
         SECTION 6.3          Protection of Title to Owner Trust  . . . . . 17
         SECTION 6.4          Successors and Assigns  . . . . . . . . . . . 17
         SECTION 6.5          GOVERNING LAW . . . . . . . . . . . . . . . . 18
         SECTION 6.6          Headings  . . . . . . . . . . . . . . . . . . 18
         SECTION 6.7          Counterparts  . . . . . . . . . . . . . . . . 18
         SECTION 6.8          Severability  . . . . . . . . . . . . . . . . 18
         SECTION 6.9          Not Applicable to Chase Manhattan Bank USA,
                                  National Association in Other Capacities  18
         SECTION 6.10         Limitation of Liability of Owner Trustee,
                                  Indenture Trustee and Administrator . . . 18
         SECTION 6.11         Third-Party Beneficiary . . . . . . . . . . . 19
         SECTION 6.12         Nonpetition Covenants . . . . . . . . . . . . 19

         SECTION 6.13         Liability of Administrator  . . . . . . . . . 19


Exhibit A        Power of Attorney
                                       i

<PAGE>

                 This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of March
2, 2000  (as amended, supplemented or otherwise modified and in effect from
time to time, this "Agreement"), is made between CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION, a national banking association having its principal
executive offices located at 802 Delaware Avenue, Wilmington, Delaware 19801
("Chase USA," the "Transferor" or the "Depositor" in its respective
capacities as such), and WILMINGTON TRUST COMPANY, not in its individual
capacity but solely as Owner Trustee of Chase Credit Card Owner Trust 2000-1,
a Delaware common law trust, as issuer (the "Issuer").

                             W I T N E S S E T H :
                             - - - - - - - - - -
                 In consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:


                                   ARTICLE I

                                  DEFINITIONS

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

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


                                  ARTICLE II

                            DEPOSIT OF CERTIFICATE

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

                                       1

<PAGE>

Depositor in, to and under (i) the Series Certificate, and all money,
instruments, investment property and other property (together with all
earnings, dividends, distributions, income, issues, and profits relating
thereto), distributed or distributable in respect of the Series Certificate
pursuant to the terms of the Series Supplement and the Pooling and Servicing
Agreement after the Closing Date and (ii) the initial deposit to the Owner
Trust Spread Account in the amount of $8,928,570 on the Closing Date.

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

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

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

                                       2

<PAGE>

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

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

                 SECTION 2.3  Books and Records.

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

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

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







                                       3

<PAGE>

                                  ARTICLE III

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

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

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

                 (b)  No Consents Required.  All approvals, authorizations,
consents, orders or other actions of any Person or of any Governmental
Authority required in connection with the execution and delivery by the
Depositor of this Agreement or any other Basic Document, the performance by
the Depositor of the transactions contemplated by this Agreement or any other
Basic Document and the fulfillment by the Depositor of the terms hereof and
thereof have been obtained or have been completed and are in full force and
effect (other than approvals, authorizations, consents, orders and other
actions which if not obtained or completed or in full force or effect would
not have a material adverse effect on the Depositor or the Issuer or upon the
collectibility of the proceeds from the Series Certificate or upon the
ability of the Depositor to perform its obligations under this Agreement).

                                       4

<PAGE>

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

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


                                  ARTICLE IV

                                ADMINISTRATION

                 SECTION 4.1      Duties as Administrator.

                 (a)  Duties with Respect to the Basic Documents.  The
Administrator agrees to perform all its duties as Administrator hereunder.
The Administrator shall monitor the performance of the Issuer and shall
advise the Issuer and the Owner Trustee when action is necessary to comply
with the Issuer's duties under the Indenture or with the Owner Trustee's
duties under the Trust Agreement.  The Administrator shall prepare for
execution by the Issuer or the Owner Trustee or shall cause the preparation
by other appropriate persons of all such documents, reports, filings,
instruments, certificates and opinions as it shall be the duty of the Issuer
or the Owner Trustee to prepare, file or deliver pursuant to the Basic
Documents or under applicable law (including tax and securities laws).  In
furtherance of the foregoing, the Administrator shall take all appropriate
action that it is the duty of the Issuer or the Owner Trustee to take
pursuant to this Agreement or the Indenture including, without limitation,
such of the foregoing as are required with respect to the following matters
under this Agreement and the Indenture  (references are to sections of the
Indenture):



                                       5

<PAGE>

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

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

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

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

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

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

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

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

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

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

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

                                       6

<PAGE>

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

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

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

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

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

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

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

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

                 (xx)  providing the Indenture Trustee with the information
         necessary to deliver to each Noteholder such information as may be

                                       7

<PAGE>

         reasonably required to enable such Holder to prepare its United
         States federal and state, local income or franchise tax returns
         (Section 6.6);

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

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

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

                 (xxiv)  the preparation and, after execution by the Issuer,
         the filing with the Commission and any applicable state agencies and
         the Indenture Trustee of documents required to be filed on a periodic
         basis with, and summaries thereof as may be required by rules and
         regulations prescribed by, the Commission and any applicable state
         agencies and the transmission of such summaries, as necessary, to the
         Noteholders (Section 7.4);

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

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

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

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

                 (xxix)  the preparation of all Officers' Certificates,
         Opinions of Counsel and Independent Certificates with respect to any


                                       8

<PAGE>

         requests by the Issuer to the Indenture Trustee to take any action
         under the Indenture (Section 11.1(a));

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

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

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

                 (b)  Additional Duties.

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

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

                 (iii)  Notwithstanding anything in this Agreement or the
         other Basic Documents to the contrary, the Administrator shall be
         responsible for (A) performance of the duties of the Owner Trustee
         and the Issuer set forth in Sections 2.7, 2.10, 2.11, 2.12, 2.13(d),

                                       9

<PAGE>

         5.16, 6.7, 6.10, and 10.1 of the Indenture with respect to, among
         other things, accounting and reports to the Certificateholder and the
         maintenance of certain Accounts and (B) the preparation, execution
         and filing of all documents required by tax and securities laws
         relating to the Issuer.

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

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

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

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

                 (c)  Non-Ministerial Matters.  (i) With respect to matters
that in the reasonable judgment of the Administrator are non-ministerial, the

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<PAGE>

Administrator shall not take any action unless within a reasonable time
before the taking of such action, the Administrator shall have notified the
Owner Trustee of the proposed action and the Owner Trustee shall not have
withheld consent or provided an alternative direction. For the purpose of the
preceding sentence, "non-ministerial matters" shall include, without
limitation:

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

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

                 (C)  the appointment of successor Note Registrars, successor
         Paying Agents and successor Indenture Trustees pursuant to the
         Indenture or the appointment of successor Administrators  or the
         consent to the assignment by the Note Registrar, the Paying Agent or
         the Indenture Trustee of its obligations under the Indenture; and

                 (D)  the removal of the Indenture Trustee.

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

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

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

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

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

                                      11

<PAGE>

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

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

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

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


                                      12

<PAGE>

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

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

                 SECTION 4.3  [Reserved]

                 SECTION 4.4  Additional Information To Be Furnished to
Issuer.  The Administrator shall furnish to the Issuer from time to time such
additional information regarding the Collateral as the Issuer shall
reasonably request, including notification of Noteholders pursuant to Section
4.1(a) hereof.

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

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

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

                 (b)  The Administrator and its affiliates may generally
engage in any kind of business with any person party to a Basic Document, any

                                      13

<PAGE>

of its affiliates and any person who may do business with or own securities
of any such person or any of its affiliates, without any duty to account
therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

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


                                   ARTICLE V

                                  TERMINATION

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

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

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

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

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



                                      14

<PAGE>

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

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

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

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

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

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

                                      15

<PAGE>

as may reasonably be required for fully and certainly vesting in the
successor Administrator all rights, powers, duties and obligations hereunder.

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

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

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

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


                                  ARTICLE VI

                                 MISCELLANEOUS

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


                                      16

<PAGE>

                 if to the Issuer or the Owner Trustee, to

                          Chase Credit Card Owner Trust 2000-1
                          c/o Wilmington Trust Company
                          Rodney Square North
                          1100 North Market Street
                          Wilmington, DE 19890-0001

                          Attention: Corporate Trust Administration

                 with a copy to:

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

                          Attention:  Eric Mazie

                 if to the Administrator, to

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

                 if to the Indenture Trustee, to

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


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

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

                                      17

<PAGE>

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

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

                 SECTION 6.3  Protection of Title to Owner Trust.

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

                 (b)  The Depositor shall not change its name, identity or
corporate structure in any manner that would, could or might make any
financing statement or continuation statement filed in accordance with
paragraph (a) above or otherwise seriously misleading within the meaning of
9-402(7) of the UCC (regardless of whether such a filing was ever made),

                                      18

<PAGE>

unless it shall have given the Owner Trustee and the Indenture Trustee at
least five days' prior written notice thereof and, if applicable, shall have
timely filed appropriate amendments to any and all previously filed financing
statements or continuation statements (so that the interest of the Issuer or
the Indenture Trustee is not adversely affected).

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

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

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

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

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



                                      19

<PAGE>

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

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


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

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

                 SECTION 6.10  Limitation of Liability of Owner Trustee,
Indenture Trustee and Administrator.  (a)  Notwithstanding anything contained
herein to the contrary, this instrument has been signed by Wilmington Trust
Company not in its individual capacity but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2000-1 and in no event shall Wilmington Trust
Company in its individual capacity or any beneficial owner of the Issuer have
any liability for the representations, warranties, covenants, agreements or
other obligations of the Issuer hereunder, as to all of which recourse shall
be had solely to the assets of the Issuer.

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

                 (c)  No recourse under any obligation, covenant or agreement
of the Issuer contained in this Agreement shall be had against any agent of
the Issuer (including the Administrator) as such by the enforcement of any
assessment or by any legal or equitable proceeding, by virtue of any statute
or otherwise; it being expressly agreed and understood that this Agreement is
solely an obligation of the Issuer as a Delaware common law trust, and that
no personal liability whatever shall attach to or be incurred by any agent of
the Issuer (including the Administrator), as such, under or by reason of any

                                      20

<PAGE>

of the obligations, covenants or agreements of the Issuer contained in this
Agreement, or implied therefrom, and that any and all personal liability for
breaches by the Issuer of any such obligations, covenants or agreements,
either at common law or at equity, or by statute or constitution, of every
such agent is hereby expressly waived as a condition of and in consideration
for the execution of this Agreement.

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

                 SECTION 6.12  Nonpetition Covenants.

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

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

                 SECTION 6.13  Liability of Administrator.  Notwithstanding
any provision of this Agreement, the Administrator shall not have any
obligations under this Agreement other than those specifically set forth
herein, and no implied obligations of the Administrator shall be read into
this Agreement.  Neither the Administrator nor any of its directors,
officers, agents or employees shall be liable for any action taken or omitted

                                      21

<PAGE>

to be taken in good faith by it or them under or in connection with this
Agreement, except for its or their own gross negligence or willful misconduct
and in no event shall the Administrator be liable under or in connection with
this Agreement for indirect, special, or consequential losses or damages of
any kind, including lost profits, even if advised of the possibility thereof
and regardless of the form of action by which such losses or damages may be
claimed.  Without limiting the foregoing, the Administrator may (a) consult
with legal counsel (including counsel for the Issuer), independent public
accountants and other experts selected by it and shall not be liable for any
action taken or omitted to be taken in good faith by it in accordance with
the advice of such counsel, accountants or experts and (b) shall incur no
liability under or in respect of this Agreement by acting upon any notice
(including notice by telephone), consent, certificate or other instrument or
writing (which may be by facsimile) believed by it to be genuine and signed
or sent by the proper party or parties.

































                                      22

<PAGE>

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

                             CHASE CREDIT CARD OWNER TRUST
                                2000-1

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



                             By:____________________________
                                Name:
                                Title:



                             CHASE MANHATTAN BANK, USA,
                               NATIONAL ASSOCIATION
                               as Administrator


                             By:___________________________
                                Name:
                                Title:


                             Acknowledged and Agreed:
                               THE BANK OF NEW YORK
                               not in its individual capacity but solely
                               as Indenture Trustee


                             By:__________________________
                                Name:
                                Title:











                                      23

<PAGE>

                                                                     EXHIBIT A
                                                   [Form of Power of Attorney]

                               POWER OF ATTORNEY

STATE OF NEW YORK        )
                         )
COUNTY OF NEW YORK       )

                 KNOW ALL MEN BY THESE PRESENTS, that WILMINGTON TRUST
COMPANY, a Delaware banking corporation, not in its individual capacity but
solely as owner trustee ("Owner Trustee") for the Chase Credit Card Owner
Trust 2000-1 ("Trust"), does hereby make, constitute and appoint CHASE
MANHATTAN BANK USA, NATIONAL ASSOCIATION as Administrator under the
Administration Agreement (as defined below), and its agents and attorneys, as
Attorneys-in-Fact to execute on behalf of the Owner Trustee or the Trust all
such documents, reports, filings, instruments, certificates and opinions as
it shall be the duty of the Owner Trustee or the Trust to prepare, file or
deliver pursuant to the Basic Documents (as defined in the Indenture dated as
of March 2, 2000 between the Trust and the Bank of New York, as Indenture
Trustee), including, without limitation, to appear for and represent the
Owner Trustee and the Trust in connection with the preparation, filing and
audit of federal, state and local tax returns pertaining to the Trust, and
with full power to perform any and all acts associated with such returns and
audits that the Owner Trustee could perform, including without limitation,
the right to distribute and receive confidential information, defend and
assert positions in response to audits, initiate and defend litigation, and
to execute waivers of restriction on assessments of deficiencies, consents to
the extension of any statutory or regulatory time limit, and settlements.
For the purpose of this Power of Attorney, the term "Administration
Agreement" means the Deposit and Administration Agreement dated as of March
2, 2000 among Wilmington Trust Company, not in its individual capacity but
solely as Owner Trustee for the Trust and Chase Manhattan Bank USA, National
Association, as Administrator, and acknowledged and agreed by The Bank of New
York, as Indenture Trustee, as such may be amended from time to time.

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










                                      24

<PAGE>

                 EXECUTED this 2nd day of March, 2000.


                            WILMINGTON TRUST COMPANY
                            not in its individual capacity but solely
                            as Owner Trustee for the
                            Chase Credit Card Owner Trust 2000-1


                            By:_________________________
                               Name:
                               Title:




































                                      25