Exhibit 34.1**Report of Independent Registered Public Accounting Firm**To American Express Travel Related Services Company, Inc. (the “Company”), Servicer:We have examined management’s assertion, included in the accompanying “Certification RegardingCompliance with Applicable Servicing Criteria”, that American Express Travel Related ServicesCompany, Inc. complied with the servicing criteria set forth in Item 1122(d) of the Securities andExchange Commission’s Regulation AB as of December 31, 2007 and for the period January 1, 2007 toDecember 31, 2007 (the “Reporting Period”), for all asset-backed securities transactions involvingcredit and charge card receivables conducted by American Express Credit Account Master Trust andAmerican Express Issuance Trust where the related asset-backed securities were outstanding as ofDecember 31, 2007 and during the Reporting Period (the Platform), excluding criteria (d)(1)(iii),(d)(1)(iv), (d)(2)(iii), (d)(2)(iv), (d)(2)(vi), (d)(3)(iii), (d)(4)(i), (d)(4)(x), (d)(4)(xi),(d)(4)(xii), (d)(4)(xiii) and (d)(4)(xv), which the Company has determined are not applicable tothe servicing activities performed by it with respect to the Platform. As described inmanagement’s assertion, for servicing criteria 1122(d)(4)(vi), the Company has engaged eFundsCorporation to perform the activities required by this servicing criteria. The Company hasdetermined that this vendor is not considered a “servicer” as defined in Item 1101(j) of RegulationAB, and the Company has elected to take responsibility for assessing compliance with the servicingcriteria applicable to the vendor as permitted by Interpretation 17.06 of the SEC Division ofCorporation Finance Manual of Publicly Available Telephone Interpretations (“Interpretation17.06”). As permitted by Interpretation 17.06, the Company has asserted that it has policies andprocedures in place designed to provide reasonable assurance that the vendor’s activities comply inall material respects with the servicing criteria applicable to the vendor. The Company is solelyresponsible for determining that it meets the SEC requirements to apply Interpretation 17.06 forthe vendor and related criteria as described in its assertion, and we performed no procedures withrespect to the Company’s determination of its eligibility to use Interpretation 17.06. Appendix Bto management’s assertion identifies the individual asset-backed transactions and securitiesdefined by management as constituting the Platform. Management is responsible for the Company’scompliance with the servicing criteria. Our responsibility is to express an opinion onmanagement’s assertion based on our examination.Our examination was conducted in accordance with standards of the Public Company AccountingOversight Board (United States) and, accordingly, included examining, on a test basis, evidenceabout the Company’s compliance with the applicable servicing criteria and performing such otherprocedures as we considered necessary in the circumstances. Our examination included testing ofselected asset-backed transactions and securities that comprise the Platform, testing of selectedservicing activities related to the Platform, and determining whether the Company processed thoseselected transactions and performed those selected activities in compliance with the applicableservicing criteria. Our procedures were limited to the selected transactions and servicingactivities performed by the Company during the period covered by this report. Our procedures werenot designed to detect noncompliance arising from errors that may have occurred prior to orsubsequent to our tests that may have affected the balances or amounts calculated or reported bythe Company during the period covered by this report. We believe that our examination provides areasonable basis for our opinion. Our examination does not provide a legal determination on theCompany’s compliance with the servicing criteria.In our opinion, management’s assertion that the Company complied with the aforementioned applicableservicing criteria as of and for the year ended December 31, 2007 for the Platform is fairlystated, in all material respects./s/PricewaterhouseCoopers LLP