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                                                                    EXHIBIT 34.1

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


Shareholders
First National Bank of Omaha


We have examined First National Bank of Omaha's ("FNBO's") compliance with the
servicing criteria set forth in Item 1122(d) of the Securities and Exchange
Commission's Regulation AB for asset-backed securities transactions involving
credit card receivables conducted by First National Master Note Trust (the
"Platform") described in the accompanying Management's Report on Assessment of
Compliance with SEC Regulation AB Servicing Criteria as of and for the year
ended December 31, 2007, excluding criteria 1122(d)(1)(iii), 1122(d)(2)(iii),
1122(d)(2)(vi) and 1122(d)(4)(x), which management has determined are not
applicable to the activities performed by FNBO with respect to the Platform.
Management is responsible for FNBO's compliance with the servicing criteria. Our
responsibility is to express an opinion on FNBO's compliance with the servicing
criteria based on our examination.

Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants, as
adopted by the Public Company Accounting Oversight Board (United States), and,
accordingly, included examining, on a test basis, evidence about FNBO's
compliance with the applicable servicing criteria, including tests on a sample
basis of the servicing activities related to the Platform, determining whether
FNBO performed those selected activities in compliance with the servicing
criteria during the specified period, and performing such other procedures as we
considered necessary in the circumstances. Our procedures were limited to
selected servicing activities performed by FNBO during the period covered by
this report and, accordingly, such samples may not have included servicing
activities related to each asset-backed transaction included in the Platform.
Further, an examination is not designed to detect noncompliance arising from
errors that may have occurred prior to the period specified above that may have
affected the balances or amounts calculated or reported by FNBO during the
period covered by this report. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on FNBO's compliance with the servicing criteria.

Our examination disclosed the following material noncompliance with criterion
1122(d)(2)(i) applicable to FNBO during the year ended December 31, 2007: In
February of 2007, the transferor interest fell below the minimum transferor
interest and FNBO failed to deposit the transferor's share of daily collections
and certain amounts otherwise distributable to the holder of the transferor's
interest to the excess funding account as required by the pooling and servicing
agreement.

In our opinion, except for the material noncompliance described in the preceding
paragraph, FNBO complied, in all material respects, with the aforementioned
applicable servicing criteria for the Platform as of and for the year ended
December 31, 2007.


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Management's assessment includes management's response to the material
noncompliance identified in our examination. Such response has not been
subjected to the procedures applied in our examination and, accordingly, we do
not express an opinion or provide any form of assurance on the appropriateness
of the response or the effectiveness of any corrective action described therein.


/s/ Deloitte & Touche LLP

Omaha, Nebraska
March 28, 2008