---



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-K



|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------



For the Fiscal Year Ended December 31, 2004



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------



---



Commission file number: 033-506000



CHASE BANK USA,
NATIONAL ASSOCIATION

(formerly BANK ONE, DELAWARE, NATIONAL ASSOCIATION)

(Depositor into the Issuer described herein)



FIRST USA CREDIT CARD MASTER TRUST

(Issuer of the Notes)

(Exact name of registrant as specified in its charter)



|                                                              |  |                                     
|------------------------------------------------------------- |  | ------------------------------------
|Laws of the United States                                     |  | 22-2382028                          
|(State or Other Jurisdiction ofIncorporation or Organization) |  | (I.R.S. Employer Identification No.)
|                                                              | 
|White Clay Center, Building 200 Newark, Delaware              |  | 19711                               
|(Address of Principal Executive Offices)                      |  | (Zip Code)                          



Registrants
telephone number, including area code: (302) 575-5000



Securities registered pursuant to Section 12(b) of the Act:

NONE



Securities registered pursuant to Section 12(g) of the Act:



Series 1996-4, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate
Asset Backed Certificates



Series 1997-4, Class A Floating Rate Asset Backed
Certificates and Class B Floating Rate Asset Backed Certificates



Series
1997-8, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate Asset Backed Certificates



Series 1998-4, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate Asset Backed Certificates



Series 1998-6, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate Asset Backed Certificates



Series 1998-8, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate
Asset Backed Certificates



Series 1999-2, Class A Floating Rate Asset Backed
Certificates and Class B Floating Rate Asset Backed Certificates



Series
2001-1, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate Asset Backed Certificates



Series 2001-3, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate Asset Backed Certificates



Series 2001-4, Class A Floating Rate Asset Backed Certificates and Class B Floating Rate Asset Backed Certificates



---

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12 months (or such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.



YES  x    NO ̈



Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.



Not Applicable.



Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act).



YES ̈NO  x



State the aggregate market value of the voting stock held by non-affiliates of the Registrant. The aggregate market value shall be computed by reference to the price at
which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within 60 days prior to the date of filing.



The registrant has no voting or non-voting common equity outstanding as of the date of this Report.



DOCUMENTS INCORPORATED BY REFERENCE



None.



---



---

Introductory Note



Chase Bank USA, National Association (formerly Bank One, Delaware, National Association) (the Bank) is the transferor and
servicer (in such capacities, the Transferor and the Servicer) under the Amended and Restated Pooling and Servicing Agreement (the Agreement), dated as of March 28, 2002, and the following series supplements (the
Supplements):



|           |  |                   
|---------- |  | ------------------
|Supplement |  | Dated as of       
|1996-4     |  | August 6, 1996    
|1997-4     |  | June 10, 1997     
|1997-8     |  | September 23, 1997
|1998-4     |  | July 22, 1998     
|1998-6     |  | August 27, 1998   
|1998-8     |  | September 17, 1998
|1999-2     |  | February 24, 1999 
|2001-1     |  | January 30, 2001  
|2001-3     |  | March 29, 2001    
|2001-4     |  | May 16, 2001      



The Agreement and Supplements are by
and between the Bank, as Transferor and Servicer, and The Bank of New York (Delaware), as trustee (the Trustee), providing for the issuance of First USA Credit Card Master Trust Asset Backed Certificates (the Certificates).
The Bank is the originator of the First USA Credit Card Master Trust (the Registrant). The Certificates do not represent obligations of or interests in the Bank. Lomas Bank USA, the predecessor of the Bank, applied for an exemption from
certain reporting requirements pursuant to Section 12(h) of the Securities and Exchange Act of 1934. The Securities and Exchange Commission granted Lomas Bank USA an exemption from certain reporting requirements pursuant to an Order of the
Securities and Exchange Commission dated March 28, 1989. The Bank is relying on such order in not responding to various items of Form 10-K. Such items are designated herein as Not Applicable.



The Bank is a direct, wholly owned subsidiary of JPMORGAN CHASE & CO. (JPMORGAN
CHASE & CO.).



Effective September 17, 1999, a predecessor entity to
the Bank was merged with and into FCC National Bank, an affiliated national banking association, with FCC National Bank the surviving entity. The surviving entity was renamed First USA Bank, National Association. Effective September 30,
2002, the name of the bank was changed to Bank One, Delaware, National Association. Effective October 1, 2004, Bank One, Delaware, National Association merged with the Bank, with the Bank as the surviving entity.



---

In addition to the issuance of the Certificates described above, the First USA Credit Card Master Trust has issued the
following interests in the Trust:



| |  |  | Class A Floating Rate Asset Backed Certificates and Class B Floating Rate Asset Backed Certificates issued pursuant to the Agreement and the Series 1998-2 Supplement dated as of May
21, 1998.
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Class A Variable Funding Asset Backed Certificates and Class B Variable Funding Asset Backed Certificates issued pursuant to the Agreement and the Amended and Restated Series 1999-A
Supplement dated as of August 28, 2003.
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Investor Certificate issued pursuant to the Agreement and the Series 2002-CC Supplement dated as of May 1, 2002.
| | - |  | ----------------------------------------------------------------------------------------------------------------



| |  |  | Collateral Invested Amounts, CIA Certificates and Excess Collateral which represent credit enhancement to certain series were issued pursuant to the Agreement and the related series
Supplements.
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The First USA Credit Card Master Trust has made the
following final payments with respect to the following Series:



| |  |  | The final payment with respect to Series 1996-8 Asset Backed Certificates was made on January 12, 2004.
| | - |  | -------------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1998-9 Asset Backed Certificates was made on January 20, 2004.
| | - |  | -------------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1997-1 Asset Backed Certificates was made on February 17, 2004.
| | - |  | --------------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1999-1 Asset Backed Certificates was made on February 19, 2004.
| | - |  | --------------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 2001-2 Asset Backed Certificates was made on March 19, 2004.
| | - |  | -----------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1999-3 Asset Backed Certificates was made on April 19, 2004.
| | - |  | -----------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1997-2 Asset Backed Certificates was made on May 17, 2004.
| | - |  | ---------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1997-5 Asset Backed Certificates was made on August 17, 2004.
| | - |  | ------------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1997-7 Asset Backed Certificates was made on September 17, 2004.
| | - |  | ---------------------------------------------------------------------------------------------------------



| |  |  | The final payment with respect to Series 1997-9 Asset Backed Certificates was made on October 18, 2004.
| | - |  | -------------------------------------------------------------------------------------------------------



Therefore, information with respect to such certificates is not included in this report.





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PART I



|ITEM 1. | BUSINESS
|------- | --------



Available Information:JPMORGAN CHASE & CO., the parent corporation of Chase Bank USA, National Association, has an Internet website at www.jpmorganchase.com which includes certain Trust reports. Electronic
copies of the Trusts annual report on Form 10-K and current reports on Form 8-K are available free of charge by visiting the Investor Relations section of www.jpmorganchase.com. The reports can be found under Asset Backed
Securities in the Investor Relations section of the website. These reports are posted as soon as reasonably practicable after they are electronically filed with the Securities and Exchange Commission.



|ITEM 2. | PROPERTIES
|------- | ----------



The property of the First USA Credit Card Master Trust (the Trust) includes and will include receivables (the Receivables) arising under certain VISA® and MasterCard®* revolving credit card accounts (the Accounts) selected by the Transferor from a portfolio of VISA and
MasterCard credit card accounts owned by Chase Bank USA, National Association (formerly Bank One, Delaware, National Association) (the Transferor), all monies due or to become due in payment of the Receivables, all proceeds of the
Receivables and all monies on deposit in certain bank accounts of the Trust (other than certain investment earnings on such amounts), all amounts received by the Transferor or the Servicer with respect to Receivables in accounts which are written
off as uncollectible (Recoveries) and any Enhancement issued with respect to any undivided ownership interest in the assets of the Trust issued from time to time in one or more Series (Series) or any class of such Series (a
Class). The term Enhancement means, with respect to any Series or Class, any letter of credit, cash collateral account or guaranty, collateral invested amount, guaranteed rate agreement, maturity guaranty facility, tax
protection agreement, interest rate swap or other contract or agreement for the benefit of certificateholders of such Series or Class. Enhancement may also take the form of subordination of one or more classes of a Series to any other Class or
Classes of a Series or a cross-support feature which requires collections on receivables of one Series to be paid as principal and/or interest with respect to another Series.



The Transferor originally conveyed to the Trustee all Receivables existing under certain Accounts that were selected by the Transferor from
the portfolio of VISA and MasterCard credit card accounts owned by the Transferor (the Bank Portfolio), based on criteria provided in the Pooling and Servicing Agreement as applied on August 21, 1992 (the Cut Off Date). Since
the Cut Off Date, the Transferor has transferred to the Trust the Receivables in certain additional Accounts (Additional Accounts) in accordance with the provisions of the Pooling and Servicing Agreement. The Transferor expects from time
to time (subject to certain limitations and conditions), and in certain circumstances will be obligated, to designate Additional Accounts the Receivables in which will be included in the Trust. The Transferor will transfer to the Trust all
Receivables in such Additional Accounts, whether such Receivables are then existing or thereafter created. The addition to the Trust of Receivables in Additional Accounts will be subject to certain conditions including, among others, that (a) each
such Additional Account must be an eligible account at the time of its designation for inclusion in the Trust and (b) no selection procedure believed by the Transferor to be materially adverse to the interests of the holders of any Series of
certificates will have been used in selecting such Additional Accounts.



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|* | VISA® and MasterCard® and
are registered trademarks of Visa USA Incorporated and MasterCard International Incorporated, respectively.
|- | -------------------------------------------------------------------------------------------------------------------------------------





---

The Receivables conveyed to the Trust have arisen and will arise in Accounts selected from the Bank Portfolio on the
basis of criteria set forth in the Agreement (the Trust Portfolio). The Receivables in the Trust Portfolio, as of the close of business on December 31, 2004, consisted of $47,196,587,271.68 of Principal Receivables and $1,482,807,367.47
of Finance Charge Receivables. As of December 31, 2004, Cardholders whose Accounts are included in the Trust Portfolio, had billing addresses in 50 states, the District of Columbia and other United States territories and possessions.



The following table summarizes the Composition by Period of Delinquency for the Trust
Portfolio as of the close of business on December 31, 2004. Because the future composition of the Trust Portfolio may change over time, this table is not necessarily indicative of the composition of the Trust Portfolio at any subsequent time.



Composition by Period of Delinquency

Trust Portfolio



|                                                     |  |                      |                  |                               |      |  
|---------------------------------------------------- |  | -------------------- | ---------------- | ----------------------------- | ---- | -
|Period of Delinquency(Days Contractually Delinquent) |  | Amount ofReceivables |                  | Percentageof TotalReceivables |     
|30 to 59 Days                                        |  | $                    | 575,821,592.08   |                               | 1.18 | %
|60 to 89 Days                                        |  | $                    | 419,272,310.43   |                               | 0.86 | %
|90 to 119 Days                                       |  | $                    | 335,108,782.49   |                               | 0.69 | %
|120 to 149 Days                                      |  | $                    | 297,251,694.33   |                               | 0.61 | %
|150 to 179 Days                                      |  | $                    | 258,501,132.96   |                               | 0.53 | %
|180 or More Days                                     |  | $                    | 0.00             |                               | 0.00 | %
|                                                     |  |                      |                  |                               |      |  
|Total                                                |  | $                    | 1,885,955,512.29 |                               | 3.87 | %
|                                                     |  |                      |                  |                               |      |  



The aggregate amount of Receivables
written off during the twelve-month reporting period was $2,878,576,078. The investor percentage of Principal Receivables written off (the Investor Default Amount) during the reporting period was $1,885,703,373. The Investor Default
Amount as a percentage of the average invested amount outstanding during the reporting period was approximately 6.09%.



|ITEM 3. | LEGAL PROCEEDINGS
|------- | -----------------



There are no material pending legal proceedings with respect to the Trust, involving the Trust, the Trustee or the Registrant.



|ITEM 4. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
|------- | ---------------------------------------------------



None.





---

PART II



|ITEM 5. | MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
|------- | ---------------------------------------------------------------------------------------------------------------



As of December 31, 2004, the number of holders of record identified by the Depository Trust
Company for the respective Series is as follows:



|                                 |  |              
|-------------------------------- |  | -------------
|Investor Certificate Description |  | RecordHolders
|Series 1996-4 Class A            |  | 11           
|Series 1996-4 Class B            |  | 3            
|                                 | 
|Series 1997-4 Class A            |  | 12           
|Series 1997-4 Class B            |  | 4            
|                                 | 
|Series 1997-8 Class A            |  | 20           
|Series 1997-8 Class B            |  | 7            
|                                 | 
|Series 1998-4 Class A            |  | 24           
|Series 1998-4 Class B            |  | 5            
|                                 | 
|Series 1998-6 Class A            |  | 11           
|Series 1998-6 Class B            |  | 3            
|                                 | 
|Series 1998-8 Class A            |  | 7            
|Series 1998-8 Class B            |  | 4            
|                                 | 
|Series 1999-2 Class A            |  | 17           
|Series 1999-2 Class B            |  | 6            
|                                 | 
|Series 2001-1 Class A            |  | 23           
|Series 2001-1 Class B            |  | 4            
|                                 | 
|Series 2001-3 Class A            |  | 16           
|Series 2001-3 Class B            |  | 2            
|                                 | 
|Series 2001-4 Class A            |  | 16           
|Series 2001-4 Class B            |  | 5            



There is no established public market
in which the Certificates are traded.





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|ITEM 6. | SELECTED FINANCIAL DATA
|------- | -----------------------



Not applicable.



|ITEM 7. | MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|------- | -------------------------------------------------------------------------------------



Not applicable.



|ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|-------- | ----------------------------------------------------------



Not applicable.



|ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
|------- | -------------------------------------------



Not applicable.



|ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
|------- | ------------------------------------------------------------------------------------



As disclosed in the Form 8-K filed on July 23, 2004, on July 1, 2004, Bank One Corporation merged with JPMorgan Chase & Co. with
JPMorgan Chase & Co. as the surviving entity. In connection therewith, as of July 1, 2004, PricewaterhouseCoopers has replaced KPMG LLP (KPMG) as the accountants for the Trust.



The reports of KPMG with respect to the Trust for the years ended December 31, 2003 and
December 31, 2002 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principle.



In connection with its reports with respect to the Trust for the years ended December 31, 2003 and December 31, 2002 and through June 30,
2004, there were no disagreements between the Trust and KPMG on any matter of accounting principles or practices, financial disclosure or scope or procedure, which disagreement, if not resolved to the satisfaction of KPMG would have caused KPMG to
make reference to the subject matter of the disagreement in connection with its report for such years.



|ITEM 9A. | CONTROLS AND PROCEDURES
|-------- | -----------------------



None.



|ITEM 9B. | OTHER INFORMATION
|-------- | -----------------



None



PART III



|ITEM 10. | DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
|-------- | --------------------------------------------------



Not applicable.



|ITEM 11. | EXECUTIVE COMPENSATION
|-------- | ----------------------



Not applicable.





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|ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
|-------- | --------------------------------------------------------------



(a) The following sets forth certain information believed by the Registrant to be accurate based on information provided to it concerning the beneficial ownership of
investor certificates.



Beneficial owners of more than 5% of the Series
1996-4 Class A and Class B investor certificates as of December 31, 2004, are as follows:



|                                                                                                                                   |  |                  |                |         |       |  
|---------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                   |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000573 Deutsche Bank Securities Inc. 1251 Avenue Of The Americas New York, NY 10020                                              |  | $                | 46,700,000.00  |         | 9.34  | %
|                                                                                                                                   |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                   |  | $                | 43,000,000.00  |         | 8.60  | %
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 263,415,000.00 |         | 52.68 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 57,910,000.00  |         | 11.58 | %
|                                                                                                                                   |  |                 
|00002697 Harris Trust & Savings Bank 111 W. Monroe Street Chicago, IL 60603                                                        |  | $                | 35,000,000.00  |         | 7.00  | %
|                                                                                                                                   |  |                 
|CLASS B                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                   |  | $                | 16,050,000.00  |         | 35.52 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 26,930,000.00  |         | 59.61 | %





---

Beneficial owners of more than 5% of the Series 1997-4 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                      |  |                  |                |         |       |  
|------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                      |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000010 Brown Brothers Harriman & Co. 525 Washington Blvd. New Port Towers Jersey City, NJ 07302                                     |  | $                | 39,900,000.00  |         | 7.98  | %
|                                                                                                                                      |  |                 
|00000573 Deutsche Bank Securities Inc. 1251 Avenue Of The Americas New York, NY 10020                                                 |  | $                | 52,000,000.00  |         | 10.40 | %
|                                                                                                                                      |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254    |  | $                | 134,273,000.00 |         | 26.85 | %
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 60,500,000.00  |         | 12.10 | %
|                                                                                                                                      |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                      |  | $                | 39,694,000.00  |         | 7.94  | %
|                                                                                                                                      |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171          |  | $                | 131,103,000.00 |         | 26.22 | %
|                                                                                                                                      |  |                 
|CLASS B                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254    |  | $                | 15,180,000.00  |         | 33.60 | %
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 5,000,000.00   |         | 11.07 | %
|                                                                                                                                      |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                      |  | $                | 5,000,000.00   |         | 11.07 | %
|                                                                                                                                      |  |                 
|00002164 JPMorgan Chase Bank/ Correspondence Clearing Services 2 Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway Dallas, TX 75254 |  | $                | 20,000,000.00  |         | 44.27 | %





---

Beneficial owners of more than 5% of the Series 1997-8 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                      |  |                  |                |         |       |  
|------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                      |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                      |  | $                | 85,630,000.00  |         | 10.98 | %
|                                                                                                                                      |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254    |  | $                | 287,141,000.00 |         | 36.81 | %
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 70,000,000.00  |         | 8.97  | %
|                                                                                                                                      |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                      |  | $                | 52,007,000.00  |         | 6.67  | %
|                                                                                                                                      |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171          |  | $                | 103,117,000.00 |         | 13.22 | %
|                                                                                                                                      |  |                 
|00002164 JPMorgan Chase Bank/ Correspondence Clearing Services 2 Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway Dallas, TX 75254 |  | $                | 75,000,000.00  |         | 9.62  | %
|                                                                                                                                      |  |                 
|CLASS B                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 20,000,000.00  |         | 28.38 | %
|                                                                                                                                      |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                      |  | $                | 5,550,000.00   |         | 7.87  | %
|                                                                                                                                      |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171          |  | $                | 10,000,000.00  |         | 14.19 | %
|                                                                                                                                      |  |                 
|00002164 JPMorgan Chase Bank/ Correspondence Clearing Services 2 Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway Dallas, TX 75254 |  | $                | 30,482,000.00  |         | 43.25 | %





---

Beneficial owners of more than 5% of the Series 1998-4 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                   |  |                  |                |         |       |  
|---------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                   |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                   |  | $                | 225,257,000.00 |         | 32.18 | %
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 56,457,245.00  |         | 8.07  | %
|                                                                                                                                   |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                 |  | $                | 59,542,755.00  |         | 8.51  | %
|                                                                                                                                   |  |                 
|00000954 Mellon Trust of New England, N.A. 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                 |  | $                | 53,160,000.00  |         | 7.59  | %
|                                                                                                                                   |  |                 
|00000979 UBS AG 677 Washington Blvd Stamford, CT 06901                                                                             |  | $                | 39,910,000.00  |         | 5.70  | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 115,975,000.00 |         | 16.57 | %
|                                                                                                                                   |  |                 
|00002212 Investors Bank & Trust Company 200 Clarendon Street 9th Floor Corporate Actions Unit/TOP57 Boston, MA 02116               |  | $                | 58,500,000.00  |         | 8.36  | %
|                                                                                                                                   |  |                 
|CLASS B                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000355 Credit Suisse First Boston C/O ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717                                      |  | $                | 20,875,000.00  |         | 38.27 | %
|                                                                                                                                   |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                   |  | $                | 11,002,000.00  |         | 20.17 | %
|                                                                                                                                   |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                 |  | $                | 7,375,000.00   |         | 13.52 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 3,000,000.00   |         | 5.50  | %
|                                                                                                                                   |  |                 
|00002163 Wachovia Bank N.A. - Phila. Main 530 Walnut Street, 1st Floor Philadelphia, PA 19101                                      |  | $                | 8,345,000.00   |         | 15.30 | %





---

Beneficial owners of more than 5% of the Series 1998-6 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                      |  |                  |                |         |       |  
|------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                      |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254    |  | $                | 370,000,000.00 |         | 46.25 | %
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 260,000,000.00 |         | 32.50 | %
|                                                                                                                                      |  |                 
|00002164 JPMorgan Chase Bank/ Correspondence Clearing Services 2 Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway Dallas, TX 75254 |  | $                | 70,000,000.00  |         | 8.75  | %
|                                                                                                                                      |  |                 
|CLASS B                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 27,289,000.00  |         | 37.75 | %
|                                                                                                                                      |  |                 
|00000355 Credit Suisse First Boston C/O ADP Proxy Services 51 Mercedes Way Edgewood, NY 11717                                         |  | $                | 15,000,000.00  |         | 20.75 | %
|                                                                                                                                      |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171          |  | $                | 30,000,000.00  |         | 41.50 | %





---

Beneficial owners of more than 5% of the Series 1998-8 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                      |  |                  |                |         |       |  
|------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                      |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254    |  | $                | 160,000,000.00 |         | 32.00 | %
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 165,000,000.00 |         | 33.00 | %
|                                                                                                                                      |  |                 
|00000950 CITIDLRTEO One Court Square, 45th Floor L.I.C., NY 11120-0001                                                                |  | $                | 112,500,000.00 |         | 22.50 | %
|                                                                                                                                      |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171          |  | $                | 57,000,000.00  |         | 11.40 | %
|                                                                                                                                      |  |                 
|CLASS B                                                                                                                               |  |                  |                |         |       |  
|                                                                                                                                      |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                    |  | $                | 8,680,000.00   |         | 19.21 | %
|                                                                                                                                      |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                      |  | $                | 14,000,000.00  |         | 30.99 | %
|                                                                                                                                      |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171          |  | $                | 7,500,000.00   |         | 16.60 | %
|                                                                                                                                      |  |                 
|00002164 JPMorgan Chase Bank/ Correspondence Clearing Services 2 Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway Dallas, TX 75254 |  | $                | 15,000,000.00  |         | 33.20 | %





---

Beneficial owners of more than 5% of the Series 1999-2 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                   |  |                  |                |         |       |  
|---------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                   |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                   |  | $                | 165,060,000.00 |         | 33.01 | %
|                                                                                                                                   |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                 |  | $                | 44,150,000.00  |         | 8.83  | %
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 62,877,000.00  |         | 12.58 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 172,850,000.00 |         | 34.57 | %
|                                                                                                                                   |  |                 
|CLASS B                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 5,000,000.00   |         | 11.07 | %
|                                                                                                                                   |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                   |  | $                | 9,000,000.00   |         | 19.92 | %
|                                                                                                                                   |  |                 
|00000955 Bank of America, National Association 411 N. Akard, 5th Floor Dallas, TX 75201                                            |  | $                | 5,000,000.00   |         | 11.07 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 25,000,000.00  |         | 55.33 | %





---

Beneficial owners of more than 5% of the Series 2001-1 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                   |  |                  |                |         |       |  
|---------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                   |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000642 UBS SECLLC 677 Washington Blvd, 9th Floor Stamford, CT 06901                                                              |  | $                | 120,000,000.00 |         | 16.00 | %
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 244,210,000.00 |         | 32.56 | %
|                                                                                                                                   |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                 |  | $                | 78,225,000.00  |         | 10.43 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 155,322,500.00 |         | 20.71 | %
|                                                                                                                                   |  |                 
|00002767 BGI/IBT CO 980 9th Street, 6th Floor Sacramento, CA 95814                                                                 |  | $                | 58,500,000.00  |         | 7.80  | %
|                                                                                                                                   |  |                 
|CLASS B                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000443 PERSHING Securities Corporation 1 Pershing Plaza Jersey City, NJ 07399                                                    |  | $                | 10,000,000.00  |         | 17.23 | %
|                                                                                                                                   |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                   |  | $                | 21,036,000.00  |         | 36.25 | %
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 15,500,000.00  |         | 26.71 | %
|                                                                                                                                   |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                   |  | $                | 11,500,000.00  |         | 19.82 | %





---

Beneficial owners of more than 5% of the Series 2001-3 Class A and Class B investor certificates as of December
31, 2002, are as follows:



|                                                                                                                                   |  |                  |                |         |       |  
|---------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                   |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000642 UBS Securities LLC 677 Washington Blvd, 9th Floor Stamford, CT 06901                                                      |  | $                | 50,000,000.00  |         | 7.94  | %
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 202,876,000.00 |         | 32.20 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 274,509,000.00 |         | 43.57 | %
|                                                                                                                                   |  |                 
|CLASS B                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                   |  | $                | 16,000,000.00  |         | 32.82 | %
|                                                                                                                                   |  |                 
|00005198 Merrill, Lynch, Pierce Fenner & Smith Safekeeping 4 Corporate Place Piscataway, NJ 08854                                  |  | $                | 32,750,000.00  |         | 67.18 | %





---

Beneficial owners of more than 5% of the Series 2001-4 Class A and Class B investor certificates as of December
31, 2004, are as follows:



|                                                                                                                                   |  |                  |                |         |       |  
|---------------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | -------------- | ------- | ----- | -
|                                                                                                                                   |  | ORIGINAL BALANCE |                | % CLASS |      
|CLASS A                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 225,985,000.00 |         | 37.66 | %
|                                                                                                                                   |  |                 
|00000908 Citibank, N.A. 3800 Citibank Center B3-15 Tampa, FL 33610                                                                 |  | $                | 38,455,000.00  |         | 6.41  | %
|                                                                                                                                   |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                   |  | $                | 101,425,000.00 |         | 16.90 | %
|                                                                                                                                   |  |                 
|00000997 State Street Bank and Trust Company 1776 Heritage Drive Global Corporate Action Unit JAB 5NW North Quincy, MA 02171       |  | $                | 213,180,000.00 |         | 35.53 | %
|                                                                                                                                   |  |                 
|CLASS B                                                                                                                            |  |                  |                |         |       |  
|                                                                                                                                   |  |                 
|00000901 The Bank of New York One Wall Street New York, NY 10286                                                                   |  | $                | 15,000,000.00  |         | 32.31 | %
|                                                                                                                                   |  |                 
|00000902 JPMorgan Chase Bank, National Association Proxy/Class Actions/Bankruptcy 14201 Dallas Parkway 12th Floor Dallas, TX 75254 |  | $                | 19,570,000.00  |         | 42.15 | %
|                                                                                                                                   |  |                 
|00000954 Mellon Trust of New England, NA 525 William Penn Place, Suite 3418 Pittsburgh, PA 15259                                   |  | $                | 8,928,000.00   |         | 19.23 | %



(b) Not applicable.



(c) Not applicable.



(d) Not applicable.



|ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
|-------- | ----------------------------------------------



None.



|ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES
|-------- | --------------------------------------



Not applicable.





---

PART IV



|ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES
|-------- | ---------------------------------------



|(a) | The following documents are filed as part of this Report:
|--- | ---------------------------------------------------------



| | 3. | Exhibits:
| | -- | ---------



|     |  |                                                                                                                                             
|---- |  | --------------------------------------------------------------------------------------------------------------------------------------------
|31.1 |  | Senior Officer for Securitizations Servicing Certification Pursuant to Section 302 (a) of the Sarbanes-Oxley Act of 2002 Relating to Reports
|     | 
|99.1 |  | Annual Servicers Certificate.                                                                                                              
|     | 
|99.2 |  | Independent Accountants Reports of PricewaterhouseCoopers on Managements Assertions.                                                      



|(b) | See item 15(a)3 above.
|--- | ----------------------



|(c) | Not applicable.
|--- | ---------------





---

SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on March 30, 2005.



CHASE BANK USA, NATIONAL ASSOCIATION as depositor into the First USA Credit Card Master TrustBy:

/s/ Keith W. SchuckName:

Keith W. SchuckTitle:

President




Pursuant to the
requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on March 30, 2005.



|                                           |  |                                                       |  |               
|------------------------------------------ |  | ----------------------------------------------------- |  | --------------
|Signature                                  |  | Title                                                 |  | Date          
|                                           |  |                                                      
|/s/ William I. CampbellWilliam I. Campbell |  | Principal Executive Officer and Director              |  | March 30, 2005
|                                           |  |                                                      
|Richard J. Srednicki                       |  | Director                                              |  | March 30, 2005
|                                           |  |                                                      
|/s/ Keith W. SchuckKeith W. Schuck         |  | Principal Accounting Officer, Controller and Director |  | March 30, 2005
|                                           |  |                                                      
|/s/ Raymond L. FischerRaymond L. Fischer   |  | Principal Financial Officer and Director              |  | March 30, 2005
|                                           |  |                                                      
|Mark Hartzell                              |  | Director                                              |  | March 30, 2005
|                                           |  |                                                      
|Thomas Wind                                |  | Director                                              |  | March 30, 2005
|                                           |  |                                                      
|/s/ James K. PatersonJames K. Paterson     |  | Director                                              |  | March 30, 2005





---

SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH
HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.



No annual
report, proxy statement, form of proxy or other proxy soliciting material has been sent to Noteholders during the period covered by this Annual Report on Form 10-K and the registrant does not intend to furnish such materials to Noteholders
subsequent to the filing of this report.





---

INDEX TO EXHIBITS



|               |  |                                                                                                                                             
|-------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit Number |  | Description                                                                                                                                 
|31.1           |  | Senior Officer for Securitizations Servicing Certification Pursuant to Section 302 (a) of the Sarbanes-Oxley Act of 2002 Relating to Reports
|               | 
|99.1           |  | Annual Servicers Certificate.                                                                                                              
|               | 
|99.2           |  | Independent Accountants Reports of PricewaterhouseCoopers on Managements Assertions.