**Exhibit 33.5**

**Management’s Report onAssessment of Compliance with Applicable Servicing Criteria**

JPMorgan Chase Bank,National Association (the “Asserting Party”) is responsible for assessingcompliance as of September 30, 2006 and for the period from January 1, 2006through September 30, 2006 (the “Reporting Period”), with the servicingcriteria set forth in Title 17, Section 229.1122 (d) of the Code of FederalRegulations (the “CFR”), to the extent required by the related transactionagreements and excluding the criteria set forth in 17 CFR 229.1122(d)(1)(ii)-(iv), (2)(iii), (2)(vi), (4)(i)-(ii), and (4)(iv)-(xiv) which theAsserting Party has concluded are not applicable to the activities it performswith respect to the asset-backed securitization transactions covered by thisreport (such criteria, after giving effect to the exclusions identified above,the “Applicable Servicing Criteria”). This report covers certain asset-backedsecurities transactions backed by residential mortgages, home equity loans, autoloans, credit card receivables, dealer floor plans, retail installmentcontracts and manufactured housing contracts for which transactions theAsserting Party performs the Applicable Servicing Criteria as trustee,securities administrator or paying agent that were registered with theSecurities and Exchange Commission pursuant to the Securities Act of 1933, asamended, where the related asset-backed securities were outstanding during thereporting period (the “Platform”), as listed in Appendix A.

The Asserting Party has(i) used the criteria set forth in 17 CFR 229.1122(d) to assess the complianceby the Asserting Party with the Applicable Servicing Criteria for the ReportingPeriod and (ii) concluded that, other than as identified on Appendix B, the AssertingParty has complied, in all material respects, with the Applicable ServicingCriteria as of September 30, 2006 and for the Reporting Period with respect tothe Platform, taken as a whole.

PricewaterhouseCoopersLLP, an independent registered public accounting firm, has issued anattestation report for the Platform, stating that the Asserting Party hascomplied with the Applicable Servicing Criteria, except for material instancesof non-compliance identified on Appendix B, as of September 30, 2006 and forthe Reporting Period.

JPMorgan Chase Bank,National Association
| /s/ Kelly A. Mathieson                |   |   |
|---------------------------------------|--------|--------|
| Kelly A. Mathieson, Managing Director |   |   |
| Date: March 14, 2007                  |   |   |

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**Appendix A**

BA Master Credit Card Trust II

Capital Auto Receivables Asset Trust 2006-1

Capital One Auto Finance Trust 2006-A

Capital One Auto Finance Trust 2006-B

Capital One Prime Auto Receivables Trust, 2006-1

Centex Home Equity Loan Trust 2006-A

Chase Auto Owner Trust 2006-A

Chase Auto Owner Trust 2006-B

Chase Credit Card Master Trust, Series 1996-2 (Class Aand B)

Chase Credit Card Master Trust, Series 1996-3 (Class Aand B)

Chase Credit Card Master Trust, Series 2001-1

Chase Credit Card Master Trust, Series 2001-2

Chase Credit Card Master Trust, Series 2001-4

Chase Credit Card Master Trust, Series 2001-6

Chase Credit Card Master Trust, Series 2002-1

Chase Credit Card Master Trust, Series 2002-3

Chase Credit Card Master Trust, Series 2002-5

Chase Credit Card Master Trust, Series 2002-7

Chase Credit Card Master Trust, Series 2003-1

Chase Credit Card Master Trust, Series 2003-2

Chase Credit Card Master Trust, Series 2003-3

Chase Credit Card Master Trust, Series 2003-4

Chase Credit Card Master Trust, Series 2003-5

Chase Credit Card Master Trust, Series 2003-6

Chase Credit Card Master Trust, Series 2004-1

Chase Credit Card Master Trust, Series 2004-2

Chase Mortgage Finance Trust Series 2006-A1

Chase Mortgage Finance Trust Series 2006-S1

Chase Mortgage Finance Trust Series 2006-S2

ChaseFlex Trust Series 2006-1

ChaseFlex Trust Series 2006-2

Citigroup Mortgage Loan Trust 2006-CB3

CNH Equipment Trust 2006-A

CNH Equipment Trust 2006-B

CWHEQ Revolving Home Equity Loan Trust, Series 2006- F

CWHEQ Revolving Home Equity Loan Trust, Series 2006-A

CWHEQ Revolving Home Equity Loan Trust, Series 2006-B

CWHEQ Revolving Home Equity Loan Trust, Series 2006-C

CWHEQ Revolving Home Equity Loan Trust, Series 2006-D

CWHEQ Revolving Home Equity Loan Trust, Series 2006-E

CWHEQ Revolving Home Equity Loan Trust, Series 2006-G

CWHEQ Revolving Home Equity Loan Trust, Series 2006-H

DaimlerChrysler Auto Trust 2006-A

Ford Credit Floorplan Master Owner Trust A, Series2006-3

Ford Credit Floorplan Master Owner Trust A, Series2006-4

GMACM Home Equity Loan Trust 2006-HE1

GMACM Home Equity Loan Trust 2006-HE2

GMACM Home Equity Loan Trust 2006-HE3

GMACM Home Equity Loan Trust 2006-HE4

GMACM Home Loan Trust 2006-HLTV1

GMACM Mortgage Loan Trust 2006-AR2

GS Auto Loan Trust 2006-1

GSAA Home Equity Trust 2006-1

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GSAA Home Equity Trust 2006-12

GSAA Home Equity Trust 2006-3

GSAA Home Equity Trust 2006-5

GSAA Home Equity Trust 2006-6

GSAA Home Equity Trust 2006-9

GSR Mortgage Loan Trust 2006-4F

Honda Auto Receivables 2006-1 Owner Trust

IXIS Real Estate Capital Trust 2006-HE1

IXIS Real Estate Capital Trust 2006-HE2

J.P. Morgan Mortgage Acquisition Corp. 2006-FRE1

J.P. Morgan Mortgage Acquisition Corp. 2006-FRE2

J.P. Morgan Mortgage Acquisition Corp. 2006-HE1

J.P. Morgan Mortgage Acquisition Corp. 2006-WMC1

J.P. Morgan Mortgage Acquisition Trust 2006-ACC1

J.P. Morgan Mortgage Acquisition Trust 2006-CW1

J.P. Morgan Mortgage Acquisition Trust 2006-HE2

J.P. Morgan Mortgage Acquisition Trust 2006-NC1

J.P. Morgan Mortgage Acquisition Trust 2006-NC2

J.P. Morgan Mortgage Acquisition Trust 2006-RM1

J.P. Morgan Mortgage Acquisition Trust 2006-WMC2

J.P. Morgan Mortgage Acquisition Trust 2006-WMC3

Nationstar Home Equity Loan Trust 2006-B

Newcastle Mortgage Securities Trust 2006-1

NovaStar Mortgage Funding Trust, Series 2006-1

NovaStar Mortgage Funding Trust, Series 2006-2

NovaStar Mortgage Funding Trust, Series 2006-3

NovaStar Mortgage Funding Trust, Series-2006-MTA1

Origen Manufactured Housing Contract Trust 2006-A

Ownit Mortgage Loan Trust, Series 2006-1 Trust

Popular ABS Mortgage Pass-Through Trust 2006-A

Popular ABS Mortgage Pass-Through Trust 2006-B

Popular ABS Mortgage Pass-Through Trust 2006-C

Popular ABS Mortgage Pass-Through Trust 2006-D

RAAC Series 2006-SP1 Trust

RAAC Series 2006-SP2 Trust

RAAC Series 2006-SP3 Trust

RAMP Series 2006-RS1 Trust

RAMP Series 2006-RS2 Trust

RAMP Series 2006-RS3 Trust

RAMP Series 2006-RS4 Trust

RAMP Series 2006-RS5 Trust

RAMP Series 2006-RZ1 Trust

RAMP Series 2006-RZ2 Trust

RAMP Series 2006-RZ3 Trust

RAMP Series 2006-RZ4 Trust

RFMSII Series 2006-HSA1 Trust

The Home Equity Loan Trust 2006-HSA2

The Home Equity Loan Trust 2006-HSA3

The Home Equity Loan Trust 2006-HSA4

The Home Equity Loan Trust 2006-HSA5

The Home Loan Trust 2006-HI1

The Home Loan Trust 2006-HI2

The Home Loan Trust 2006-HI3

The Home Loan Trust 2006-HI4

USAA Auto Owner Trust 2006-1

USAA Auto Owner Trust 2006-2

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APPENDIX B

MaterialInstances of Noncompliance

During the ReportingPeriod, the Company has identified the following material instances ofnoncompliance with the Applicable Servicing Criteria.

CFR Item 1122(d)(3)(i): Certain monthly investorreports omitted information required by the transaction agreements and/orcontained errors in the information presented.

CFR Item 1122(d)(3)(ii): Certain monthly investordistributions contained errors as to amounts due to certain investors.

RemediationEfforts

Errors andomissions were corrected and appropriate measures were taken to avoid similarerrors and omissions.

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