**Exhibit33.1**

ManagementAssertion

Management of GE Money Bank (the “Company”) is responsible forassessing compliance with the applicable servicing criteria set forth in Item1122(d) of Regulation AB of the Securities and Exchange Commission relating tothe servicing of credit card asset-backed securities transactions issued by theGE Capital Credit Card Master Note Trust (the Platform) , except for servicingcriteria 1122(d)(1)(i), 1122(d)(1)(iii), 1122(d)(2)(i), 1122(d)(2)(ii),1122(d)(2)(iii), 1122(d)(2)(iv), 1122(d)(2)(v), 1122(d)(2)(vi),1122(d)(2)(vii), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii),1122(d)(3)(iv), 1122(d)(4)(i), 1122(d)(4)(ii), 1122(d)(4)(iii), 1122(d)(4)(iv),1122(d)(4)(v), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x),1122(d)(4)(xi), 1122(d)(4)(xii) 1122(d)(4)(xiii), 1122(d)(4)(xiv) and1122(d)(4)(xv) which the Company has determined are not applicable to theactivities it performs, directly or through its vendors, with respect to thePlatform, as of and for the twelve months ended December 31, 2006.

With respect to servicing criteria 1122(d)(4)(vi), management hasengaged various vendors to perform the activities described by these servicingcriteria. The Company’s management has determined that these vendors are notconsidered “servicers” as defined in Item 1101(j) of Regulation AB, and theCompany’s management has elected to take responsibility for assessingcompliance with the servicing criteria applicable to each vendor as permittedby Interpretation 17.06 of the SEC Division of Corporation Finance Manual ofPublicly Available Telephone Interpretations (“Interpretation 17.06”).  As permitted by Interpretation 17.06,management has asserted that it has policies and procedures in place designedto provide reasonable assurance that the vendors’ activities comply in allmaterial respects with the servicing criteria applicable to each vendor.  The Company’s management is solelyresponsible for determining that it meets the SEC requirements to applyInterpretation 17.06 for the vendors and related criteria.

The Company’smanagement has assessed the Company’s and its vendor’s compliance with theapplicable servicing criteria as of and for the twelve months ended December31, 2006.  In making this assessment,management used the criteria set forth by the Securities and ExchangeCommission in paragraph (d) of Item 1122 of Regulation AB.

Based on suchassessment, management believes that, as of and for the twelve months endedDecember 31, 2006, the Company and its vendors have complied in all materialrespects with the servicing criteria set forth in Item 1122(d) of Regulation ABof the Securities and Exchange Commission relating to the servicing of thePlatform.

KPMG LLP, aregistered public accounting firm, has issued an attestation report withrespect to management’s assessment of compliance with the applicable servicingcriteria as of and for the twelve months ended December 31, 2006.

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***GE Money Bank:***
|                       |     |                                       |
|-----------------------|----------|--------------------------------------------|
|                  |     |                                       |
| /s/ Lisa Giegel       |     | /s/ Brent Wallace                          |
| Lisa Giegel           |     | Brent Wallace                              |
| *SVP and  Controller* |     | *Chairman of the Board, President and CEO* |
|                  |     |                                       |
|                  |     |                                       |
| 3/29/07               |     | 3/29/07                                    |
| Date                  |     | Date                                       |
|                  | * * |                                       |

 

 

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