Exhibit 99.2

|LOGO |  |                                                  |  |                        |                                          
|---- |  | ------------------------------------------------ |  | ---------------------- | -----------------------------------------
|     |  | KPMG LLP
303 East Wacker Drive
Chicago, IL 60601 |  | Telephone
Fax
Internet | 312 665 1000
312 665 6038
www.us.kpmg.com



Independent Accountants' Report

GE
Money Bank (formerly GE Capital Consumer Card Co.)
GE Capital Credit Card Master Note Trust:

We
have examined management's assertion, as set forth in Appendix I, that GE Money Bank ("GEMB") complied, as servicer, with the minimum servicing standards set forth in the
Mortgage Bankers Association of America'sUniform Single Attestation Program for Mortgage Bankers, to the extent applicable, for GEMB relating to GE
Capital Credit Card Master Note Trust ("GECCCMNT"), as of
and for the year ended December 31, 2004. Management is responsible for GEMB's compliance with those requirements. Our responsibility is to express an opinion on management's assertion about
GEMB's compliance based on our examination.

Our
examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a
test basis, evidence about GEMB's compliance with the minimum servicing standards, to the extent applicable, and performing such other procedures as we considered necessary in the circumstances. We
believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on GEMB's compliance with the minimum servicing standards.

In
our opinion, management's assertion that GEMB complied with the aforementioned minimum servicing standards, to the extent applicable, for GEMB relating to GECCCMNT, as of and for the
year ended December 31, 2004, is fairly stated, in all material respects.

|               |  | /s/ KPMG LLP
|-------------- |  | ------------
|March 11, 2005 |  |             

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LOGO

Appendix I

Management Assertion

Management Assertion of GE Money Bank
As Servicer for GE Capital Credit Card Master Note Trust

Management
of GE Money Bank ("GEMB," formerly GE Capital Consumer Card Co.), as servicer, is responsible for compliance with the servicing requirements of the Servicing Agreement dated
as of June 27, 2003 (the "Agreement"), among GE Capital Credit Card Master Note Trust ("GECCCMNT") and GEMB as servicer.

Management
has performed an evaluation of GEMB's compliance with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers,
to the extent applicable to GEMB as such standards relate to GECCCMNT.

For
the period from January 1, 2004 to December 31, 2004, GEMB has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers
Association of America'sUniform Single Attestation Program for Mortgage Bankers, to the extent applicable to GEMB as such standards relate to GECCCMNT.

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GE
Money Bank
As servicer for GE Capital Credit Card Master Note Trust:

|/s/ Donald R. RamonDonald R. Ramon President and CEO |  | /s/ Lisa GiegelLisa Giegel SVP and Controller
|---------------------------------------------------- |  | ---------------------------------------------

GE
Consumer Finance Americas
A unit of General Electric Capital Corporation:

|/s/ Melissa HodesMelissa Hodes Vice President, Securitization |  | /s/ Mario MastrantoniMario Mastrantoni Controller
|------------------------------------------------------------- |  | -------------------------------------------------



March 11,
2005

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