**Exhibit 33.2**

**Management’s Assertion on**

**Compliance with Regulation AB Criteria**

Discover Financial Services LLC (“DFS” or the “Asserting Party”) is responsible for assessing its compliance, as of and for thefiscal year ended November 30, 2008 (the “Reporting Period”), with the servicing criteria applicable to it in connection with the Amended and Restated Servicing Agreement dated January 1, 2007, as amended, by and between DFS andDiscover Bank. The Asserting 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 applicableto the activities 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”), toassess such compliance. 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 registeredwith the Securities 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 listed in Appendix A. 

With respect to servicing criteria 1122(d)(2)(i), 1122(d)(4)(iv) and 1122(d)(4)(viii) for the ReportingPeriod defined above, the Asserting Party has engaged certain vendors to perform limited activities required by these servicing criteria. The Asserting Party has determined that none of these vendors are a “servicer” as defined inItem 1101(j) of Regulation AB, and the Asserting Party has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Interpretation 17.06 of the SEC Division of CorporationFinance Manual of Publicly Available Telephone Interpretations (“Interpretation 17.06”). The Asserting Party has policies and procedures in place to provide reasonable assurance that each vendor’s activities comply in all materialrespects with the servicing criteria applicable to such vendor. 

DFS has assessed its compliance with the Applicable Servicing Criteria,including servicing criteria for which compliance is determined based on Interpretation 17.06 as described above, for the Reporting Period and has concluded that the Asserting Party has complied, in all material respects, with the ApplicableServicing 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 anattestation report for the Platform on the assessment of compliance with the Applicable Servicing Criteria for the Reporting Period as set forth in this assertion. 

 
**Discover Financial Services LLC**By: 
/s/ Carlos Minetti
 Carlos Minetti, Executive Vice President, Cardmember Services and Consumer Banking
Date: February 13, 2009 

Appendix A 

Series 1996-4: 

Class A Credit Card Pass-Through Certificates 

Class B Credit Card Pass-Through Certificates 

Series 1998-5: 

Class A Credit Card Pass-Through Certificates 

Class B Credit Card Pass-Through Certificates 

Series 2001-1: 

Class A Credit Card Pass-Through Certificates

Class B Credit Card Pass-Through Certificates 

Series 2003-2:

Class A Credit Card Pass-Through Certificates 

Class BCredit Card Pass-Through Certificates 

Series 2003-3: 

Class A Credit Card Pass-Through Certificates 

Class B Credit Card Pass-Through Certificates 

Series 2003-4: 

Subseries 1, Class A Credit Card Pass-ThroughCertificates 

Subseries 1, Class B Credit Card Pass-Through Certificates 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2, Class B Credit Card Pass-Through Certificates

Series 2004-2: 

Subseries 1, Class B Credit Card Pass-ThroughCertificates 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2, Class B Credit Card Pass-Through Certificates 

Series 2005-1: 

Class A Credit Card Pass-Through Certificates 

Class B Credit CardPass-Through Certificates 

Series 2005-2: 

Class A CreditCard Pass-Through Certificates 

Class B Credit Card Pass-Through Certificates 

Series 2005-A: 

Class ACredit Card Pass-Through Certificates 

Series 2005-3: 

Class A Credit Card Pass-Through Certificates 

Class B Credit Card Pass-Through Certificates 

Series 2005-4: 

Subseries 1, Class A Credit Card Pass-ThroughCertificates 

Subseries 1, Class B Credit Card Pass-Through Certificates 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2, Class B Credit Card Pass-Through Certificates

Series 2006-A: 

Class A Credit Card Pass-ThroughCertificates 

Series 2006-B: 

Class A Credit CardPass-Through Certificates 

Series 2006-1: 

Subseries 1,Class A Credit Card Pass-Through Certificates 

Subseries 1, Class B Credit Card Pass-Through Certificates 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2,Class B Credit Card Pass-Through Certificates 

Series 2006-2: 

Subseries 1, Class A Credit Card Pass-Through Certificates 

Subseries 1, Class B Credit Card Pass-Through Certificates 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2,Class B Credit Card Pass-Through Certificates 

Subseries 3, Class A Credit Card Pass-Through Certificates 

Subseries 3, Class B Credit Card Pass-Through Certificates 

Series 2006-3:

Class A Credit Card Pass-Through Certificates 

Class BCredit Card Pass-Through Certificates 

Series 2007-1: 

Class A Credit Card Pass-Through Certificates 

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 1,Class A Credit Card Pass-Through Certificates 

Subseries 1, Class B Credit Card Pass-Through Certificates 

Subseries 2, Class A Credit Card Pass-Through Certificates 

Subseries 2,Class B Credit Card Pass-Through Certificates 

Series 2007-CC: 

Class A (2007-1) DiscoverSeries Notes 

Class A (2007-2) DiscoverSeries Notes 

Class A (2008-1) DiscoverSeries Notes 

Class A (2008-A)DiscoverSeries Notes 

Class A (2008-2) DiscoverSeries Notes 

Class A (2008-3) DiscoverSeries Notes 

Class A (2008-B) DiscoverSeries Notes 

Class A (2008-4) DiscoverSeries Notes 

Class A (2008-C)DiscoverSeries Notes 

Class B (2007-1) DiscoverSeries Notes 

Class B (2007-2) DiscoverSeries Notes 

Class B (2008-A) DiscoverSeries Notes 

Class B (2008-1) DiscoverSeries Notes 

Class B (2008-2) DiscoverSeries Notes 

Class B (2008-3) DiscoverSeries Notes 

Class C (2007-1) DiscoverSeries Notes

Class C (2007-2) DiscoverSeries Notes 

Class C (2008-1)DiscoverSeries Notes 

Class C (2008-2) DiscoverSeries Notes 

Class C (2008-3) DiscoverSeries Notes