**Exhibit33.4**

****

**Management’sReport on Assessment of Compliance with Applicable Servicing Criteria**

JPMorgan Chase Bank, National Association (the “AssertingParty”) is responsible for assessing compliance as of October 1, 2006 and forthe period from October 1, 2006 through December 31, 2006 (the “ReportingPeriod”), with the servicing criteria set forth in Title 17, Section 229.1122(d) of the Code of Federal Regulations (the “CFR”), ”), to the extent requiredby the related transaction agreements excluding the criteria set forth in 17CFR 229.1122(d) (1)(i)-(iv), (2)(i)-(vi), (3)(i)-(iv), and (4)(i)-(xv), whichthe Asserting Party has concluded are not applicable to the activities itperforms with respect to the asset-backed securitization transactions coveredby this report (such criteria, after giving effect to the exclusions identifiedabove, the “Applicable Servicing Criteria”). This report covers theasset-backed securities transactions backed by residential mortgages and homeequity loans, auto loans, credit cards, dealer floor plans, retail installmentcontracts and manufactured housing contracts for which transactions theAsserting Party performs the applicable servicing criteria, that wereregistered with the Securities and Exchange Commission pursuant to theSecurities Act of 1933, as amended, where the related asset-backed securitieswere either (1) issued during the calendar year ending December 31, 2006 or (2)issued prior to the calendar year ending December 31, 2006 and remain subjectto the reporting requirements under the Securities and Exchange Act of 1934, asamended (the “Platform”), as listed in Appendix A.

The Asserting Party has (i) used the criteria setforth in 17 CFR 229.1122(d) to assess the compliance by the Asserting Partywith the Applicable Servicing Criteria for the Reporting Period and (ii)concluded that the Asserting Party has complied, in all material respects, withthe Applicable Servicing Criteria as of December 31, 2006 and for the ReportingPeriod with respect to the Platform, taken as a whole.

PricewaterhouseCoopers LLP, an independent registeredpublic accounting firm, has issued an attestation report for the Platform, onour assessment of compliance with the Applicable Servicing Criteria as ofDecember 31, 2006 and for the Reporting Period as set forth in this report.

JPMorgan Chase Bank, National Association
| /s/ Brian Goldman                     |   |
|---------------------------------------|--------|
|                                  |
| Brian Goldman,  Senior Vice President |
|                                  |
| Date: March 12,  2007                 |

 

----

**Appendix A**

BAMaster Credit Card Trust IICapital Auto Receivables Asset Trust 2006-1Capital Auto Receivables Asset Trust 2006-2Capital One Auto Finance Trust 2006-ACapital One Auto Finance Trust 2006-BCapital One Auto Finance Trust 2006-CCapital One Prime Auto Receivables Trust 2006-2Capital One Prime Auto Receivables Trust, 2006-1Centex Home Equity Loan Trust 2006-AChase Auto Owner Trust 2006-AChase Auto Owner Trust 2006-BChase Credit Card Master Trust, Series 1996-2 (Class A and B)Chase Credit Card Master Trust, Series 1996-3 (Class A and B)Chase Credit Card Master Trust, Series 2001-1Chase Credit Card Master Trust, Series 2001-2Chase Credit Card Master Trust, Series 2001-4Chase Credit Card Master Trust, Series 2001-6Chase Credit Card Master Trust, Series 2002-1Chase Credit Card Master Trust, Series 2002-3Chase Credit Card Master Trust, Series 2002-5Chase Credit Card Master Trust, Series 2002-7Chase Credit Card Master Trust, Series 2003-1Chase Credit Card Master Trust, Series 2003-2Chase Credit Card Master Trust, Series 2003-3Chase Credit Card Master Trust, Series 2003-4Chase Credit Card Master Trust, Series 2003-5Chase Credit Card Master Trust, Series 2003-6Chase Credit Card Master Trust, Series 2004-1Chase Credit Card Master Trust, Series 2004-2Chase Mortgage Finance Trust Series 2006-A1Chase Mortgage Finance Trust Series 2006-S1Chase Mortgage Finance Trust Series 2006-S2Chase Mortgage Finance Trust Series 2006-S3Chase Mortgage Finance Trust Series 2006-S4ChaseFlex Trust Series 2006-1ChaseFlex Trust Series 2006-2Citigroup Mortgage Loan Trust 2006-CB3CNH Equipment Trust 2006-ACNH Equipment Trust 2006-BCWHEQ Revolving Home Equity Loan Trust, Series 2006- FCWHEQ Revolving Home Equity Loan Trust, Series 2006-ACWHEQ Revolving Home Equity Loan Trust, Series 2006-BCWHEQ Revolving Home Equity Loan Trust, Series 2006-CCWHEQ Revolving Home Equity Loan Trust, Series 2006-DCWHEQ Revolving Home Equity Loan Trust, Series 2006-ECWHEQ Revolving Home Equity Loan Trust, Series 2006-GCWHEQ Revolving Home Equity Loan Trust, Series 2006-HCWHEQ Revolving Home Equity Loan Trust, Series 2006-IDaimlerChrysler Auto Trust 2006-AFord Credit Floorplan Master Owner Trust A, Series 2006-3Ford Credit Floorplan Master Owner Trust A, Series 2006-4GE Equipment Midticket LLC, Series 2006-1GMACM Home Equity Loan Trust 2006-HE1GMACM Home Equity Loan Trust 2006-HE2GMACM Home Equity Loan Trust 2006-HE3GMACM Home Equity Loan Trust 2006-HE4GMACM Home Equity Loan Trust 2006-HE5

----

GMACMHome Loan Trust 2006-HLTV1GMACM Mortgage Loan Trust 2006-AR2GS Auto Loan Trust 2006-1GSAA Home Equity Trust 2006-1GSAA Home Equity Trust 2006-12GSAA Home Equity Trust 2006-3GSAA Home Equity Trust 2006-5GSAA Home Equity Trust 2006-6GSAA Home Equity Trust 2006-9GSR Mortgage Loan Trust 2006-4FHonda Auto Receivables 2006-1 Owner TrustIXIS Real Estate Capital Trust 2006-HE1IXIS Real Estate Capital Trust 2006-HE2J.P. Morgan Mortgage Acquisition Corp. 2006-FRE1J.P. Morgan Mortgage Acquisition Corp. 2006-FRE2J.P. Morgan Mortgage Acquisition Corp. 2006-HE1J.P. Morgan Mortgage Acquisition Corp. 2006-WMC1J.P. Morgan Mortgage Acquisition Trust 2006-ACC1J.P. Morgan Mortgage Acquisition Trust 2006-CH1J.P. Morgan Mortgage Acquisition Trust 2006-CH2J.P. Morgan Mortgage Acquisition Trust 2006-CW1J.P. Morgan Mortgage Acquisition Trust 2006-HE2J.P. Morgan Mortgage Acquisition Trust 2006-HE3J.P. Morgan Mortgage Acquisition Trust 2006-NC1J.P. Morgan Mortgage Acquisition Trust 2006-NC2J.P. Morgan Mortgage Acquisition Trust 2006-RM1J.P. Morgan Mortgage Acquisition Trust 2006-WMC2J.P. Morgan Mortgage Acquisition Trust 2006-WMC3J.P. Morgan Mortgage Acquisition Trust 2006-WMC4Nationstar Home Equity Loan Trust 2006-BNewcastle Mortgage Securities Trust 2006-1NovaStar Mortgage Funding Trust, Series 2006-1NovaStar Mortgage Funding Trust, Series 2006-2NovaStar Mortgage Funding Trust, Series 2006-3NovaStar Mortgage Funding Trust, Series-2006-MTA1Origen Manufactured Housing Contract Trust 2006-AOwnit Mortgage Loan Trust, Series 2006-1 TrustPopular ABS Mortgage Pass-Through Trust 2006-APopular ABS Mortgage Pass-Through Trust 2006-BPopular ABS Mortgage Pass-Through Trust 2006-CPopular ABS Mortgage Pass-Through Trust 2006-DPopular ABS Mortgage Pass-Through Trust 2006-ERAAC Series 2006-SP1 TrustRAAC Series 2006-SP2 TrustRAAC Series 2006-SP3 TrustRAMP Series 2006-RS1 TrustRAMP Series 2006-RS2 TrustRAMP Series 2006-RS3 TrustRAMP Series 2006-RS4 TrustRAMP Series 2006-RS5 TrustRAMP Series 2006-RZ1 TrustRAMP Series 2006-RZ2 TrustRAMP Series 2006-RZ3 TrustRAMP Series 2006-RZ4 TrustRFMSII Series 2006-HSA1 TrustThe Home Equity Loan Trust 2006-HSA2The Home Equity Loan Trust 2006-HSA3The Home Equity Loan Trust 2006-HSA4The Home Equity Loan Trust 2006-HSA5The Home Loan Trust 2006-HI1

----

TheHome Loan Trust 2006-HI2The Home Loan Trust 2006-HI3The Home Loan Trust 2006-HI4USAA Auto Owner Trust 2006-1USAA Auto Owner Trust 2006-2

----