**Exhibit 33.2**

**Management’s Assertion on**

**Compliance with Regulation AB Criteria**

Discover Products Inc. (“DPI” or the “Asserting Party”) is responsible for assessing its compliance,as of and for the year ended November 30, 2012 (the “Reporting Period”), with the servicing criteria applicable to it in connection with the Servicing Agreement dated January 1, 2011 by and between DPI and Discover Bank. TheAsserting Party used the criteria set forth in Item 1122(d) of Regulation AB, excluding the criteria set forth in Items 1122 (d)(1)(i), (d)(1)(iii), (d)(1)(iv), (d)(2)(ii), (d)(2)(iii), (d)(2)(iv), (d)(2)(v), (d)(2)(vi), (d)(2)(vii),(d)(3)(i), (d)(3)(ii), (d)(3)(iii), (d)(3)(iv), (d)(4)(i), (d)(4)(ii), (d)(4)(iii), (d)(4)(v), (d)(4)(x), (d)(4)(xi), (d)(4)(xii), (d)(4)(xiii), and (d)(4)(xv) of Regulation AB, which the Asserting Party has concluded are not applicable to theactivities it performs with respect to the asset-backed securities transactions covered by this report (such applicable criteria, after giving effect to the exclusions identified above, the “Applicable Servicing Criteria”), to assess suchcompliance. The transactions covered by this report include all asset-backed securities transactions involving credit card receivables conducted by Discover Card Master Trust I and Discover Card Execution Note Trust that were registered with theSecurities and Exchange Commission pursuant to the Securities Act of 1933, as amended, or were not required to be registered where the related asset-backed securities were outstanding during the Reporting Period (the “Platform”), as listedin Appendix A. 

DPI has assessed its compliance with the Applicable Servicing Criteria for the Reporting Period and hasconcluded that the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria for the Reporting Period with respect to the Platform taken as a whole. 

Deloitte & Touche LLP, an independent registered public accounting firm, has issued an attestation report for the Platform onthe assessment of compliance with the Applicable Servicing Criteria for the Reporting Period as set forth in this assertion. 

 

Date: February 19, 2013 

Appendix A 

Series 2005-4: 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2, Class B Credit Card Pass-Through Certificates 

Series 2006-2: 

Subseries 3, Class A Credit Card Pass-Through Certificates 

Subseries 3, Class B Credit Card Pass-Through Certificates 

Series 2007-2: 

Class A Credit Card Pass-Through Certificates 

Class B Credit Card Pass-Through Certificates 

Series 2007-3: 

Subseries 2, Class A CreditCard Pass-Through Certificates 

Subseries 2, Class B Credit Card Pass-Through Certificates 

Series 2009-CE: 

Series 2009-CE Credit CardPass-Through Certificate 

Series 2009-SD: 

Series 2009-SD Credit Card Pass-Through Certificate 

Series 2007-CC: 

Class A (2007-1) DiscoverSeries Notes 

Class A (2007-2) DiscoverSeries Notes 

Class A (2008-4) DiscoverSeries Notes 

Class A (2008-C) DiscoverSeries Notes 

Class A (2009-1) DiscoverSeries Notes 

Class A (2009-2) DiscoverSeries Notes 

Class A (2010-1) DiscoverSeries Notes 

Class A (2010-A) DiscoverSeries Notes 

Class A (2010-B) DiscoverSeries Notes 

Class A (2010-C) DiscoverSeries Notes 

Class A (2010-2) DiscoverSeries Notes 

Class A (2010-D) DiscoverSeries Notes 

Class A (2010-E) DiscoverSeries Notes 

Class A (2011-A) DiscoverSeries Notes 

Class A (2011-B) DiscoverSeries Notes 

Class A (2011-1) DiscoverSeries Notes 

Class A (2011-C) DiscoverSeries Notes 

Class A (2011-2) DiscoverSeries Notes 

Class A (2011-3) DiscoverSeries Notes 

Class A (2011-4) DiscoverSeries Notes 

Class A (2012-1) DiscoverSeries Notes 

Class A (2012-A) DiscoverSeries Notes 

Class A (2012-2) DiscoverSeries Notes 

Class A (2012-3) DiscoverSeries Notes 

Class A (2012-4) DiscoverSeries Notes 

Class A (2012-5) DiscoverSeries Notes 

Class A (2012-6) DiscoverSeries Notes 

Class B (2007-1) DiscoverSeries Notes 

Class B(2009-2) DiscoverSeries Notes 

Class B (2010-1) DiscoverSeries Notes 

Class B (2011-1) DiscoverSeries Notes 

Class B (2011-2) DiscoverSeries Notes 

Class B (2011-3) DiscoverSeries Notes 

Class B(2012-1) DiscoverSeries Notes 

Class B (2012-2) DiscoverSeries Notes 

Class B (2012-3) DiscoverSeries Notes 

Class C (2009-2) DiscoverSeries Notes 

Class C (2010-1) DiscoverSeries Notes 

Class C(2011-1) DiscoverSeries Notes 

Class C (2011-2) DiscoverSeries Notes 

Class C (2011-3) DiscoverSeries Notes 

Class C (2012-1) DiscoverSeries Notes 

Class C (2012-2) DiscoverSeries Notes 

Class C(2012-3) DiscoverSeries Notes 

Class D (2009-1) DiscoverSeries Notes