Document:

Exhibit 4.10

_____________________________________________________________________________

                    CHASE CREDIT CARD OWNER TRUST 2000-3

                               TRUST AGREEMENT

                                    between

               CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
                                as Depositor

                                     and

                           WILMINGTON TRUST COMPANY
                              as Owner Trustee

                        Dated as of October 3, 2000

 ____________________________________________________________________________

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                                   ARTICLE I.

                                  DEFINITIONS

     SECTION 1.1. Capitalized Terms   . . . . . . . . . . . . . . . . . .    1

                                  ARTICLE II.

                                 ORGANIZATION

     SECTION 2.1. Name  . . . . . . . . . . . . . . . . . . . . . . . . .    3
     SECTION 2.2. Office  . . . . . . . . . . . . . . . . . . . . . . . .    3
     SECTION 2.3. Purposes and Powers   . . . . . . . . . . . . . . . . .    3
     SECTION 2.4. Appointment of Owner Trustee  . . . . . . . . . . . . .    4
     SECTION 2.5. Initial Capital Contribution of Trust Estate  . . . . .    4
     SECTION 2.6. Declaration of Trust  . . . . . . . . . . . . . . . . .    4
     SECTION 2.7. Title to Owner Trust Property   . . . . . . . . . . . .    5
     SECTION 2.8. Situs of Owner Trust  . . . . . . . . . . . . . . . . .    5
     SECTION 2.9. Representations and Warranties of the Depositor   . . .    5
     SECTION 2.10.Liability of Certificateholder  . . . . . . . . . . . .    6

                                 ARTICLE III.

                    CERTIFICATES AND TRANSFER OF INTERESTS

     SECTION 3.1. Initial Ownership   . . . . . . . . . . . . . . . . . .    6
     SECTION 3.2. The Certificate   . . . . . . . . . . . . . . . . . . .    6
     SECTION 3.3. Execution, Authentication and Delivery of Certificates     7
     SECTION 3.4. Restrictions on Transfer  . . . . . . . . . . . . . . .    7
     SECTION 3.5. Mutilated, Destroyed, Lost or Stolen Certificate  . . .    7
     SECTION 3.6. Authenticating Agent  . . . . . . . . . . . . . . . . .    8
     SECTION 3.7. Actions of Certificateholder  . . . . . . . . . . . . .    9

                                  ARTICLE IV.

                           ACTIONS BY OWNER TRUSTEE

     SECTION 4.1. Prior Notice to Certificateholder with Respect to
                    Certain Matters   . . . . . . . . . . . . . . . . . .    9

                                  ARTICLE V.

                     AUTHORITY AND DUTIES OF OWNER TRUSTEE

     SECTION 5.1. General Authority   . . . . . . . . . . . . . . . . . .   10
     SECTION 5.2. General Duties  . . . . . . . . . . . . . . . . . . . .   11
     SECTION 5.3. Action upon Instruction   . . . . . . . . . . . . . . .   11

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     SECTION 5.4. No Duties   . . . . . . . . . . . . . . . . . . . . . .   12
     SECTION 5.5. No Action Except under Specified Documents or
                     Instructions   . . . . . . . . . . . . . . . . . . .   12
     SECTION 5.6. Restrictions  . . . . . . . . . . . . . . . . . . . . .   12
     SECTION 5.7. Doing Business in Other Jurisdictions   . . . . . . . .   13

                                  ARTICLE VI.

                           CONCERNING OWNER TRUSTEE

     SECTION 6.1. Acceptance of Trusts and Duties   . . . . . . . . . . .   13
     SECTION 6.2. Furnishing of Documents . . . . . . . . . . . . . . . .   15
     SECTION 6.3. Representations and Warranties  . . . . . . . . . . . .   15
     SECTION 6.4. Reliance; Advice of Counsel . . . . . . . . . . . . . .   16
     SECTION 6.5. Not Acting in Individual Capacity   . . . . . . . . . .   16
     SECTION 6.6. Owner Trustee May Own Notes   . . . . . . . . . . . . .   17

                                 ARTICLE VII.

                         COMPENSATION OF OWNER TRUSTEE

     SECTION 7.1. Owner Trustee's Fees and Expenses   . . . . . . . . . .   17
     SECTION 7.2. Indemnification   . . . . . . . . . . . . . . . . . . .   17
     SECTION 7.3. Payments to Owner Trustee   . . . . . . . . . . . . . .   18

                                 ARTICLE VIII.

                        TERMINATION OF TRUST AGREEMENT

     SECTION 8.1. Termination of Trust Agreement  . . . . . . . . . . . .   18

                                  ARTICLE IX.

            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

     SECTION 9.1. Eligibility Requirements for Owner Trustee  . . . . . .   19
     SECTION 9.2. Resignation or Removal of Owner Trustee   . . . . . . .   19
     SECTION 9.3. Successor Owner Trustee   . . . . . . . . . . . . . . .   20
     SECTION 9.4. Merger or Consolidation of Owner Trustee  . . . . . . .   21
     SECTION 9.5. Appointment of Co-Trustee or Separate Trustee   . . . .   21

                                  ARTICLE X.

                                 MISCELLANEOUS

     SECTION 10.1.  Supplements and Amendments  . . . . . . . . . . . . .   22
     SECTION 10.2.  No Legal Title to Owner Trust Estate in
                     Certificateholder  . . . . . . . . . . . . . . . . .   23

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     SECTION 10.3.  Limitations on Rights of Others   . . . . . . . . . .   24
     SECTION 10.4.  Notices   . . . . . . . . . . . . . . . . . . . . . .   24
     SECTION 10.5.  Severability  . . . . . . . . . . . . . . . . . . . .   24
     SECTION 10.6.  Separate Counterparts   . . . . . . . . . . . . . . .   24
     SECTION 10.7.  Successors and Assigns  . . . . . . . . . . . . . . .   24
     SECTION 10.8.  Non-petition Covenants  . . . . . . . . . . . . . . .   25
     SECTION 10.9.  No Recourse   . . . . . . . . . . . . . . . . . . . .   25
     SECTION 10.10. Headings  . . . . . . . . . . . . . . . . . . . . . .   25
     SECTION 10.11. GOVERNING LAW   . . . . . . . . . . . . . . . . . . .   25
     SECTION 10.12. Depositor Payment Obligation  . . . . . . . . . . . .   25
     SECTION 10.13. Acceptance of Terms of Agreement  . . . . . . . . . .   25
     SECTION 10.14. Integration of Documents  . . . . . . . . . . . . . .   26

EXHIBITS

Exhibit A - Form of Certificate

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          TRUST AGREEMENT dated as of October 3, 2000 between CHASE MANHATTAN
BANK USA, NATIONAL ASSOCIATION ("Chase USA"), a national banking association
having its principal executive offices located at 802 Delaware Avenue,
Wilmington, Delaware 19801, as the depositor (in its capacity as the
depositor, the "Depositor") and WILMINGTON TRUST COMPANY, a Delaware banking
corporation, as the owner trustee (the "Owner Trustee").

                                 ARTICLE I.

                                 DEFINITIONS

          SECTION 1.1. Capitalized Terms. (a) For all purposes of this
Agreement, the following terms shall have the meanings set forth below:

          "Administrator" means Chase Manhattan Bank USA, National
Association, or any successor Administrator under the Deposit and
Administration Agreement.

          "Agreement" means this Chase Credit Card Owner Trust 2000-3 Trust
Agreement, as the same may be amended, modified or otherwise supplemented
from time to time.

          "Basic Documents" means the Indenture, this Agreement, the Deposit
and Administration Agreement, the Note Underwriting Agreement and other
documents delivered in connection herewith and therewith.

          "Certificate" means the certificate evidencing the beneficial
interest of the Certificateholder in the Owner Trust, substantially in the
form attached hereto as Exhibit A.

          "Certificateholder" means Chase Manhattan Bank USA, National
Association, and its successors and permitted assigns.

          "Code" means the Internal Revenue Code of 1986, as amended.

          "Corporate Trust Office" means, with respect to the Owner Trustee,
the principal corporate trust office of the Owner Trustee located at Rodney
Square North, 1100 North Market Street, Wilmington, DE 19801; or such other
address as the Owner Trustee may designate by notice to the Depositor, or the
principal corporate trust office of any successor Owner Trustee (the address
of which the successor Owner Trustee will notify the Certificateholder and
the Depositor).

          "Deposit and Administration Agreement" means the Deposit and
Administration Agreement, dated as of October 3, 2000, between the Owner
Trustee, on behalf of the Owner Trust, and Chase Manhattan Bank USA, National

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Association, as Depositor and as Administrator, as the same may be amended,
supplemented or otherwise modified from time to time.

          "Depositor" means Chase Manhattan Bank USA, National Association,
in its capacity as Depositor hereunder and its successors and assigns in such
capacity.

          "Expenses" has the meaning assigned to such term in Section 7.2.

          "Indemnified Parties" shall have the meaning assigned to such term
in Section 7.2.

          "Indenture Trustee" means The Bank of New York, not in its
individual capacity but solely as Indenture Trustee under the Indenture, and
any successor Indenture Trustee under the Indenture.

          "Owner Trust" means the trust created by this Agreement.

          "Owner Trust Estate" means all right, title and interest of the
Owner Trustee in and to the property and rights assigned to the Owner Trustee
pursuant to Section 2.5 of this Agreement and Section 2.1 of the Deposit and
Administration Agreement, all monies, securities, instruments and other
property on deposit from time to time in the accounts established hereunder
and all other property of the Owner Trust from time to time, including any
rights of the Owner Trustee on behalf of the Owner Trust pursuant to the
Deposit and Administration Agreement.

          "Owner Trustee" means Wilmington Trust Company, a Delaware banking
corporation, not in its individual capacity but solely as owner trustee for
the Chase Credit Card Owner Trust 2000-3 under this Agreement (unless
otherwise specified herein), and any successor Owner Trustee hereunder.

          "Requirements of Law" means, for any Person, the certificate of
incorporation or articles of association and by-laws or other organizational
or governing documents of such Person, and any law, treaty, rule or
regulations, or determination of an arbitrator or Governmental Authority, in
each case applicable to or binding upon such Person or to which such Person
is subject, whether federal, state or local (including without limitation,
usury laws, the federal Truth in Lending Act and Regulation Z and Regulation
B of the Board of Governors of the Federal Reserve System).

          "Secretary of State" means the Secretary of State of the State of
Delaware.

          (b) All terms defined in this Agreement shall have the defined
meanings when used in any certificate or other document made or delivered

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pursuant hereto unless otherwise defined therein..3 431420.03-New York S7A

          (c) As used in this Agreement and in any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms not
defined in this Agreement or in any such certificate or other document, and
accounting terms partly defined in this Agreement or in any such certificate or
other document to the extent not defined, shall have the respective meanings
given to them under generally accepted accounting principles. To the extent
that the definitions of accounting terms in this Agreement or in any such
certificate or other document are inconsistent with the meanings of such terms
under generally accepted accounting principles, the definitions contained in
this Agreement or in any such certificate or other document shall control.

          (d) The words "hereof," "herein," "hereunder," and words of similar
import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular provision of this Agreement; Section and Exhibit
references contained in this Agreement are references to Sections and
Exhibits in or to this Agreement unless otherwise specified; and the term
"including" shall mean "including without limitation."

          (e) The definitions contained in this Agreement are applicable to
the singular as well as the plural forms of such terms and to the masculine
as well as to the feminine and neuter genders of such terms.

                                  ARTICLE II.

                                 ORGANIZATION

          SECTION 2.1. Name. The trust created hereby shall be referred to
for convenience as "Chase Credit Card Owner Trust 2000-3" (hereinafter, the
"Owner Trust"). The Owner Trust shall not be a "business trust" as defined in
12 Del.C. 3801.

          SECTION 2.2. Office. The office of the Owner Trust shall be in care
of the Owner Trustee at the Corporate Trust Office or at such other address
as the Owner Trustee may designate by written notice to the Certificateholder
and the Depositor.

          SECTION 2.3. Purposes and Powers. The purpose of the Owner Trust
is, and the Owner Trustee shall have the power and authority, on behalf of
the Owner Trust to engage in the following activities:

          (a) to issue the Notes in the name of the Owner Trust pursuant to
the Indenture and the Certificate pursuant to this Agreement, and to sell,
transfer or exchange the Notes and the Certificate;

          (b) to acquire the property and assets set forth in the Deposit and
Administration Agreement from the Depositor pursuant to the terms thereof, to

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make payments or distributions on the Notes and the Certificate and to make
deposits to and withdrawals from the Reserve Account and other accounts
established under the Indenture;

          (c) to assign, grant, transfer, pledge, mortgage and convey the
Owner Trust Estate to the Indenture Trustee pursuant to the Indenture and to
hold, manage and distribute to the Certificateholder pursuant to the terms of
the Deposit and Administration Agreement any portion of the Owner Trust
Estate released from the Lien of, and remitted to the Owner Trust pursuant
to, the Indenture;

          (d) to enter into and perform its obligations under the Basic
Documents to which it is a party;

          (e) to engage in those activities, including entering into
agreements, that are necessary, suitable or convenient to accomplish the
foregoing or are incidental thereto or connected therewith; and

          (f) subject to compliance with the Basic Documents, to engage in
such other activities as may be required in connection with conservation of
the Owner Trust Estate and the making of distributions to the
Certificateholder and the Noteholders. The Owner Trustee, on behalf of the
Owner Trust, is hereby authorized to engage in the foregoing activities.
Neither the Owner Trustee, nor the Owner Trust, shall engage in any activity
other than in connection with the foregoing or other than as required or
authorized by the terms of this Agreement or the other Basic Documents.

          SECTION 2.4. Appointment of Owner Trustee. The Depositor hereby
appoints the Owner Trustee as trustee of the Owner Trust effective as of the
date hereof, to have all the rights, powers and duties set forth herein.

          SECTION 2.5. Initial Capital Contribution of Trust Estate. The
Depositor hereby sells, assigns, transfers, conveys and sets over to the
Owner Trustee, as of the date hereof, $1.00. The Owner Trustee hereby
acknowledges receipt in trust from the Depositor, as of the date hereof, of
the foregoing contribution, which shall constitute the initial Owner Trust
Estate. The Depositor shall pay the organizational expenses of the Owner
Trust as they may arise or shall, upon the request of the Owner Trustee,
promptly reimburse the Owner Trustee for any such expenses paid by the Owner
Trustee.

          SECTION 2.6. Declaration of Trust. The Owner Trustee hereby
declares that it will hold the Owner Trust Estate in trust upon and subject
to the conditions set forth herein for the use and benefit of the
Certificateholder, subject to the obligations of the Owner Trustee, on behalf
of the Owner Trust, under the Basic Documents. It is the intention of the
parties hereto that the Owner Trust constitute a common law trust duly formed

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in accordance with the laws of the State of Delaware and that this Agreement
constitutes the governing instrument of such trust. It is the intention of
the parties hereto that, solely for United States income and franchise tax
purposes, the Owner Trust shall be treated as a division or branch of the
Depositor. The parties agree that, unless otherwise required by appropriate
tax authorities, they will take no action contrary to the foregoing
intention. Effective as of the date hereof, the Owner Trustee shall have all
rights, powers and duties set forth herein with respect to accomplishing the
purposes of the Owner Trust.

          SECTION 2.7. Title to Owner Trust Property. Legal title to all the
Owner Trust Estate shall be vested at all times in the Owner Trustee, on
behalf of the Owner Trust, except where applicable law in any jurisdiction
requires title to any part of the Owner Trust Estate to be vested in a co-
trustee or a separate trustee, in which case title to such part shall be
deemed to be vested in the co-trustee and/or separate trustee, as the case
may be.

          SECTION 2.8. Situs of Owner Trust. The Owner Trust will be located
and administered in the State of Delaware. All bank accounts maintained by
the Owner Trustee on behalf of the Owner Trust shall be located in the State
of Delaware or the State of New York. Payments will be received by the Owner
Trust only in Delaware or New York, and payments and distributions will be
made by the Owner Trust only from Delaware or New York. The only office of
the Owner Trust will be at the Corporate Trust Office of the Owner Trustee in
Delaware.

          SECTION 2.9. Representations and Warranties of the Depositor. The
Depositor hereby represents and warrants to the Owner Trustee that:

          (i) The Depositor has been duly organized and is validly existing
     as a national banking association in good standing under the laws of the
     United States of America, with power and authority to own its properties
     and to conduct its business as such properties are currently owned and
     such business is presently conducted.

          (ii) The Depositor has the corporate power and authority to execute
     and deliver this Agreement and to carry out its terms; the Depositor has
     full power and authority to sell and assign the property to be sold and
     assigned to and deposited with the Owner Trustee pursuant to this
     Agreement and the Deposit and Administration Agreement, on behalf of the
     Owner Trust, and the Depositor has duly authorized such sale and
     assignment and deposit to the Owner Trustee, on behalf of the Owner
     Trust, by all necessary action; and the execution, delivery and
     performance of this Agreement has been duly authorized by the Depositor
     by all necessary action.

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          (iii) The consummation of the transactions contemplated by this
     Agreement and the other Basic Documents and the fulfillment of the terms
     hereof, do not conflict with, result in any breach of any of the terms
     and provisions of, or constitute (with or without notice or lapse of
     time) a default under, the articles of association or bylaws of the
     Depositor, or conflict with or breach any of the material terms or
     provisions of or constitute (with or without notice or lapse of time) a
     default under any indenture, agreement or other instrument to which the
     Depositor is a party or by which it is bound; nor result in the creation
     or imposition of any Lien upon any of its properties pursuant to the
     terms of any such indenture, agreement or other instrument; nor violate
     any law or, to the best of the Depositor's knowledge, any order, rule or
     regulation applicable to the Depositor of any court or of any Federal or
     state regulatory body, administrative agency or other governmental
     instrumentality having jurisdiction over the Depositor or its
     properties.

          (iv) There are no proceedings or investigations pending or, to the
     best knowledge of the Depositor, threatened against the Depositor before
     any court, regulatory body, administrative agency, or other tribunal or
     governmental instrumentality having jurisdiction over the Depositor (i)
     asserting the invalidity of any of the Basic Documents to which the
     Depositor is a party, (ii) seeking to prevent the consummation of any of
     the transactions contemplated by any of the Basic Documents, to which
     the Depositor is a party, (iii) seeking any determination or ruling
     that, in the reasonable judgment of the Depositor, would materially and
     adversely affect the performance by the Depositor of its obligations
     under the Basic Documents to which the Depositor is a party, or (iv)
     seeking any determination or ruling that would materially and adversely
     affect the validity or enforceability of the Basic Documents to which
     the Depositor is a party.

          SECTION 2.10. Liability of Certificateholder. The Certificateholder
shall not have any personal liability for any liability or obligation of the
Owner Trustee or the Owner Trust.

                                 ARTICLE III.

                    CERTIFICATES AND TRANSFER OF INTERESTS

          SECTION 3.1. Initial Ownership. Upon the formation of the Owner
Trust by the contribution by the Depositor pursuant to Section 2.5, the
Depositor shall be the sole beneficiary of the Owner Trust.

          SECTION 3.2. The Certificate. (a) The Certificate shall be issued
substantially in the form of Exhibit A, which is incorporated by reference
herein. The Certificate shall be executed on behalf of the Owner Trust by

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manual or facsimile signature of an Authorized Officer or other authorized
signatory of the Owner Trustee. A Certificate bearing the manual or facsimile
signatures of individuals who were, at the time when such signatures shall
have been affixed, authorized to sign on behalf of the Owner Trust, shall be
validly issued and entitled to the benefit of this Agreement, notwithstanding
that such individuals or any of them shall have ceased to be so authorized
prior to the authentication and delivery of such Certificate or did not hold
such offices at the date of authentication and delivery of such Certificate.
The Certificate shall not entitle its Holder to any benefit under this
Agreement, or be valid for any purpose, unless there shall appear on such
Certificate a certificate of authentication substantially in the form set
forth in Exhibit A, executed by the Owner Trustee, or the Owner Trustee's
authentication agent, by manual or facsimile signature; such authentication
shall constitute conclusive evidence that such Certificate shall have been
duly authenticated and delivered hereunder. The Certificate shall be dated
the date of its authentication.

          (b) The Certificateholder shall be entitled to receive
distributions from the Owner Trust Estate only in accordance with this
Agreement and the Deposit and Administration Agreement. In no event shall the
Depositor or the Certificateholder be entitled to possession of, or be
permitted to encumber any part of, the Owner Trust Estate.

          SECTION 3.3. Execution, Authentication and Delivery of
Certificates. Concurrently with the initial deposit of the Series Certificate
with the Owner Trustee, on behalf of the Owner Trust, pursuant to the Deposit
and Administration Agreement, the Owner Trustee shall cause the Certificate
to be executed on behalf of the Owner Trust, authenticated and delivered to
or upon the written order of the Depositor, signed by its chairman of the
board, its president or any vice president, without further action by the
Depositor.

          SECTION 3.4. Restrictions on Transfer. To the fullest extent
permitted by applicable law, the Certificate (or any interest therein) may
not be sold, transferred, assigned, participated, pledged or otherwise
disposed of by the Depositor to any Person.

          SECTION 3.5. Mutilated, Destroyed, Lost or Stolen Certificate. If
(a) the mutilated Certificate shall be surrendered to the Owner Trustee, or
if the Owner Trustee shall receive evidence to its satisfaction of the
destruction, loss or theft of the Certificate and (b) there shall be
delivered to the Owner Trustee such security or indemnity as may be required
by it to save it harmless, then the Owner Trustee shall execute and the Owner
Trustee, or the Owner Trustee's authenticating agent, shall authenticate and
deliver, in exchange for or in lieu of the mutilated, destroyed, lost or
stolen Certificate, a new Certificate. In connection with the issuance of any
new Certificate under this Section 3.5, the Owner Trustee may require the

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payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection therewith. Any duplicate Certificate issued
pursuant to this Section shall constitute conclusive evidence of an ownership
interest in the Owner Trust, as if originally issued, whether or not the
lost, stolen or destroyed Certificate shall be found at any time. The
provisions of this Section 3.5 are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the replacement
of the mutilated, destroyed, lost or stolen Certificate.

          SECTION 3.6. Authenticating Agent. (a) The Owner Trustee may
appoint one or more authenticating agents with respect to the Certificate
which shall be authorized to act on behalf of the Owner Trustee in
authenticating the Certificate in connection with the issuance, delivery,
registration of transfer, exchange or repayment of the Certificate. Whenever
reference is made in this Agreement to the authentication of the Certificate
by the Owner Trustee or the Owner Trustee's certificate of authentication,
such reference shall be deemed to include authentication on behalf of the
Owner Trustee by an authenticating agent and a certificate of authentication
executed on behalf of the Owner Trustee by an authenticating agent. Each
authenticating agent shall be subject to acceptance by the Depositor.

          (b) Any institution succeeding to the corporate agency business of
an authenticating agent shall continue to be an authenticating agent without
the execution or filing of any paper or any further act on the part of the
Owner Trustee or such authenticating agent.

          (c) An authenticating agent may at any time resign by giving
written notice of resignation to the Owner Trustee and the Depositor. The
Owner Trustee may at any time terminate the agency of an authenticating agent
by giving notice of termination to such authenticating agent and to the
Depositor. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time an authenticating agent shall cease to be
acceptable to the Owner Trustee or the Depositor, the Owner Trustee promptly
may appoint a successor authenticating agent with the consent of the
Depositor. Any successor authenticating agent upon acceptance of its
appointment hereunder shall become vested with all the rights, powers and
duties of its predecessor hereunder, with like effect as if originally named
as an authenticating agent.

          (d) The Depositor shall pay the authenticating agent from time to
time reasonable compensation for its services under this Section 3.6.

          (e) The provisions of Sections 6.1, 6.3, 6.4, 6.6, 7.1 and 7.2
shall be applicable to any authenticating agent.

          (f)  Pursuant to an appointment made under this Section 3.6, the
Certificate may have endorsed thereon, in lieu of the Owner Trustee's

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certificate of authentication, an alternate certificate of authentication in
substantially the following form:

          This is the Certificate referred to in the within mentioned Trust
Agreement.

                                      or
 WILMINGTON TRUST COMPANY                WILMINGTON TRUST COMPANY
 not in its individual capacity          not in its individual capacity
 but solely as Owner Trustee for the     but solely as Owner Trustee for the
   Chase                                   Chase
 Credit Card Owner Trust 2000-3          Credit Card Owner Trust 2000-3

                                         By:_____________________________
                                              Authenticating Agent

 By:_____________________________        By:_____________________________
       Authorized Signatory                   Authorized Signatory

          SECTION 3.7. Actions of Certificateholder. (a) Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by
this Agreement to be given or taken by the Certificateholder may be embodied
in and evidenced by one or more instruments of substantially similar tenor
signed by the Certificateholder in person or by agent duly appointed in
writing; and except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the
Owner Trustee and, when required, to the Depositor or the Servicer. Proof of
execution of any such instrument or of a writing appointing any such agent
shall be sufficient for any purpose of this Agreement and conclusive in favor
of the Owner Trustee, the Depositor and the Servicer, if made in the manner
provided in this Section 3.7.

          (b) The fact and date of the execution by the Certificateholder of
any such instrument or writing may be proved in any reasonable manner which
the Owner Trustee deems sufficient.

          (c) The Owner Trustee may require such additional proof of any
matter referred to in this Section 3.7 as it shall deem necessary.

                                  ARTICLE IV.

                           ACTIONS BY OWNER TRUSTEE

          SECTION 4.1. Prior Notice to Certificateholder with Respect to
Certain Matters. With respect to the following matters, the Owner Trustee
shall not take action unless at least 30 days before the taking of such

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action, the Owner Trustee shall have notified the Certificateholder in
writing of the proposed action:

          (a) the initiation of any claim or lawsuit on behalf of the Owner
Trust (except claims or lawsuits brought to collect on the Series
Certificate) and the compromise of any material action, claim or lawsuit
brought by or against the Owner Trust or the Owner Trustee (except with
respect to the aforementioned claims or lawsuits to collect on the Series
Certificate);

          (b) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is required;

          (c) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is not required and such
amendment materially adversely affects the interest of the Certificateholder;

          (d) the amendment, change or modification of the Deposit and
Administration Agreement, except any amendment where the consent of the
Certificateholder is not required under the terms of the Deposit and
Administration Agreement; or

          (e) the appointment pursuant to the Indenture of a successor
Indenture Trustee or the consent to the assignment by the Note Registrar, the
Paying Agent, the Indenture Trustee or the Certificate Registrar of its
obligations under the Indenture. The Owner Trustee shall notify the
Certificateholder in writing of any appointment of a successor Paying Agent,
Authenticating Agent or Certificate Registrar within five Business Days
thereof.

                                  ARTICLE V.

                     AUTHORITY AND DUTIES OF OWNER TRUSTEE

          SECTION 5.1. General Authority. The Owner Trustee is authorized and
directed to execute and deliver the Basic Documents to which the Owner
Trustee, on behalf of the Owner Trust, is to be a party and each certificate
or other document required to be executed on behalf of the Owner Trust that
is attached as an exhibit to or contemplated by the Basic Documents or any
amendment thereto or other agreement, in each case, in such form as the
Depositor shall approve as evidenced conclusively by the Owner Trustee's
execution thereof and the Depositor's execution of the related documents. In
addition to the foregoing, the Owner Trustee is authorized, but shall not be
obligated, to take all actions required to be taken on behalf of the Owner
Trust pursuant to the Basic Documents. The Owner Trustee is further
authorized from time to time to take such action as the Administrator directs
in writing with respect to the Basic Documents, except to extent that the

                                     -10-

<PAGE>

Basic Documents expressly require the consent of the Depositor for such
action.

          SECTION 5.2. General Duties. It shall be the duty of the Owner
Trustee to discharge (or cause to be discharged) all of its responsibilities
pursuant to the terms of this Agreement and the other Basic Documents and to
administer the Owner Trust in the interest of the Certificateholder, subject
to the Basic Documents and in accordance with the provisions of this
Agreement. Notwithstanding the foregoing, the Owner Trustee shall be deemed
to have discharged its duties and responsibilities hereunder and under the
Basic Documents to the extent the Administrator has agreed in the Deposit and
Administration Agreement to perform any act or to discharge any duty of the
Owner Trustee hereunder or under any other Basic Document, and the Owner
Trustee shall not be liable for the default or failure of the Administrator
to carry out its obligations under the Deposit and Administration Agreement.

          SECTION 5.3. Action upon Instruction. (a) The Certificateholder
may, by written instruction, direct the Owner Trustee in the management of
the Owner Trust. Such direction may be exercised at any time by written
instruction of the Certificateholder.

          (b) Notwithstanding the foregoing, the Owner Trustee shall not be
required to take any action hereunder or under any other Basic Document if
the Owner Trustee shall reasonably determine, or shall have been advised by
counsel in writing, that such action is likely to result in personal
liability to the Owner Trustee (in such capacity or individually), is
contrary to the terms of this Agreement or any other Basic Document or is
contrary to law.

          (c) Whenever the Owner Trustee is unable to decide between
alternative courses of action permitted or required by the terms of this
Agreement or any other Basic Document or is unsure as to the application of
any provision of this Agreement or any other Basic Document, or if any such
provision is ambiguous as to its application, or is, or appears to be, in
conflict with any other applicable provision, or in the event that this
Agreement permits any determination by the Owner Trustee or is silent or is
incomplete as to the course of action that the Owner Trustee is required to
take with respect to a particular set of facts, the Owner Trustee may give
notice (in such form as shall be appropriate under the circumstances) to the
Certificateholder requesting instruction as to the course of action to be
adopted, and to the extent the Owner Trustee acts in good faith in accordance
with any written instruction of the Certificateholder received, the Owner
Trustee shall not be liable on account of such action to any Person. If the
Owner Trustee shall not have received appropriate instruction within ten days
of such notice (or within such shorter period of time as reasonably may be
specified in such notice or may be necessary under the circumstances) it may,
but shall be under no duty to, take or refrain from taking such action, not

                                     -11-

<PAGE>

inconsistent with this Agreement or the other Basic Documents, as it shall
deem to be in the best interests of the Certificateholder, and shall have no
liability to any Person for such action or inaction.

          SECTION 5.4. No Duties. Except as Specified in this Agreement or
in Instructions. The Owner Trustee shall undertake to perform such duties and
only such duties as are specifically set forth in this Agreement and the
other Basic Documents, and no implied covenants or obligations shall be read
into this Agreement or the other Basic Documents. The Owner Trustee shall not
have any duty or obligation to manage, make any payment with respect to,
register, record, sell, dispose of, or otherwise deal with the Owner Trust
Estate, or to otherwise take or refrain from taking any action under, or in
connection with, any document contemplated hereby to which the Owner Trustee
is a party, except as expressly provided by the terms of this Agreement or in
any document or written instruction received by the Owner Trustee pursuant to
Section 5.3; and no implied duties or obligations shall be read into this
Agreement or any other Basic Document against the Owner Trustee. The Owner
Trustee shall have no responsibility for filing any financing or continuation
statement in any public office at any time or to otherwise perfect or
maintain the perfection of any security interest or lien granted to it
hereunder or to prepare or file any filing for the Owner Trust with the
Securities and Exchange Commission or to record this Agreement or any other
Basic Document. The Owner Trustee nevertheless agrees that it will, at its
own cost and expense, promptly take all action as may be necessary to
discharge any Liens on any part of the Owner Trust Estate that result from
actions by, or claims against, the Owner Trustee, in its individual capacity,
that are not related to the ownership or the administration of the Owner
Trust Estate.

          SECTION 5.5. No Action Except under Specified Documents or
Instructions. The Owner Trustee shall not manage, control, use, sell, dispose
of or otherwise deal with any part of the Owner Trust Estate except (i) in
accordance with the powers granted to and the authority conferred upon the
Owner Trustee pursuant to this Agreement, (ii) in accordance with the Basic
Documents, and (iii) in accordance with any document or instruction delivered
to the Owner Trustee pursuant to Section 5.3.

          SECTION 5.6. Restrictions. The Owner Trustee shall not (a) take any
action that is inconsistent with the purposes of the Owner Trust set forth in
Section 2.3 or (b) take any action or amend this Agreement in any manner
that, to the actual knowledge of a Responsible Officer of the Owner Trustee,
would result in the Owner Trust becoming taxable as a corporation for United
States federal income tax purposes. The Certificateholder shall not direct
the Owner Trustee to take action that would violate the provisions of this
Section.

                                     -12-

<PAGE>

          SECTION 5.7. Doing Business in Other Jurisdictions. (a)
Notwithstanding anything contained herein to the contrary, the Owner Trustee
shall not be required to take any action in any jurisdiction other than in
the State of Delaware, other than as set forth in the last sentence of this
Section 5.7, if the taking of such action will (i) require the consent or
approval or authorization or order of or the giving of notice to, or the
registration with or the taking of any other action in respect of, any state
or other governmental authority or agency of any jurisdiction other than the
State of Delaware; (ii) result in any fee, tax or other governmental charge
under the laws of any jurisdiction or any political subdivisions thereof in
existence on the date hereof other than the State of Delaware becoming
payable by the Owner Trustee; or (iii) subject the Owner Trustee to personal
jurisdiction in any jurisdiction other than the State of Delaware for causes
of action arising from acts unrelated to the consummation of the transactions
by the Owner Trustee, as the case may be, contemplated hereby. The Owner
Trustee shall be entitled to obtain advice of counsel (which advice shall be
an expense of the Depositor) to determine whether any action required to be
taken pursuant to this Agreement results in the consequences described in
clauses (i), (ii) and (iii) of the preceding sentence. In the event that said
counsel advises the Owner Trustee that such action will result in such
consequences, the Owner Trustee will, at the expense of the Depositor,
appoint an additional trustee pursuant to Section 9.5 to proceed with such
action.

                                  ARTICLE VI.

                           CONCERNING OWNER TRUSTEE

          SECTION 6.1. Acceptance of Trusts and Duties. The Owner Trustee
accepts the trusts hereby created and agrees to perform its duties hereunder
with respect to such trusts but only upon the terms of this Agreement. The
Owner Trustee also agrees to disburse all moneys actually received by it
constituting part of the Owner Trust Estate upon the terms of the other Basic
Documents and this Agreement. The Owner Trustee shall not be answerable or
accountable hereunder or under any Basic Document under any circumstances,
except (i) for its own willful misconduct, bad faith or gross negligence or
(ii) in the case of the breach of any representation or warranty contained in
Section 6.3 expressly made by the Owner Trustee. In particular, but not by
way of limitation (and subject to the exceptions set forth in the preceding
sentence):

          (a) The Owner Trustee shall not be liable for any error of judgment
made in good faith by a Responsible Officer of the Owner Trustee unless it is
proved that the Owner Trustee was grossly negligent in ascertaining the
pertinent facts;

                                     -13-

<PAGE>

          (b) The Owner Trustee shall not be liable with respect to any
action it takes or omits to take in good faith in accordance with the
instructions of the Certificateholder given pursuant to Section 5.3;

          (c) No provision of this Agreement or any other Basic Document
shall require the Owner Trustee to expend or risk funds or otherwise incur
any financial liability in its own performance of any of its rights or powers
hereunder or under any other Basic Document if the Owner Trustee shall have
reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not assured or provided to it;

          (d) Under no circumstances shall the Owner Trustee be liable for
indebtedness evidenced by or arising under any of the Basic Documents,
including the principal of and interest on the Notes;

          (e) The Owner Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Agreement or for the
due execution hereof by the Depositor or for the form, character,
genuineness, sufficiency, value or validity of any of the Owner Trust Estate
or for or in respect of the validity or sufficiency of the Basic Documents,
other than the certificate of authentication on the Certificate, shall not be
accountable for the use or application by the Depositor of the proceeds from
the Certificate, and the Owner Trustee shall in no event assume or incur any
liability, duty or obligation to any Noteholder or to the Certificateholder,
other than as expressly provided for herein and in the other Basic Documents;

          (f) The Owner Trustee shall not be liable for the default or
misconduct of the Indenture Trustee, the Administrator or the Servicer under
any of the Basic Documents or otherwise, and the Owner Trustee shall have no
obligation or liability to perform the obligations to be performed on behalf
of the Owner Trust under this Agreement or the other Basic Documents that are
required to be performed by the Administrator under the Deposit and
Administration Agreement or the Indenture Trustee under the Indenture;

          (g) The Owner Trustee shall be under no obligation to exercise any
of the rights or powers vested in it by this Agreement, or to institute,
conduct or defend any litigation under this Agreement or otherwise or in
relation to this Agreement or any other Basic Document, at the request, order
or direction of the Certificateholder, unless the Certificateholder has
offered to the Owner Trustee security or indemnity satisfactory to it against
the costs, expenses and liabilities that may be incurred by the Owner Trustee
therein or thereby. The right of the Owner Trustee to perform any
discretionary act enumerated in this Agreement or in any other Basic Document
shall not be construed as a duty, and the Owner Trustee shall not be
answerable for other than its gross negligence, bad faith or willful
misconduct in the performance of any such act; and

                                     -14-

<PAGE>

          (h) The Owner Trustee, upon receipt of any resolutions,
certificates, statements, opinions, reports, documents, orders or other
instruments furnished to the Owner Trustee that shall be specifically
required to be furnished pursuant to any provision of this Agreement or the
other Basic Documents, shall examine them to determine whether they conform
to the requirements of this Agreement or such other Basic Document; provided,
however, that the Owner Trustee shall not be responsible for the accuracy or
content of any such resolution, certificate, statement, opinion, report,
document, order or other instrument furnished to the Owner Trustee pursuant
to this Agreement or the other Basic Documents.

          SECTION 6.2. Furnishing of Documents. The Owner Trustee shall
furnish to the Certificateholder promptly upon receipt of a written request
therefor, duplicates or copies of all reports, notices, requests, demands,
certificates, financial statements and any other instruments furnished to the
Owner Trustee under the Basic Documents.

          SECTION 6.3. Representations and Warranties. Wilmington Trust
Company, in its individual capacity, hereby represents and warrants to the
Depositor, for the benefit of the Certificateholder, that:

          (a) It is a banking corporation duly organized and validly existing
in good standing under the laws of the State of Delaware and having an office
within the State of Delaware. It has all requisite corporate power, authority
and legal right to execute, deliver and perform its obligations under this
Agreement.

          (b) It has taken all corporate action necessary to authorize the
execution and delivery by it of this Agreement, and this Agreement will be
executed and delivered by one of its officers who is duly authorized to
execute and deliver this Agreement on its behalf.

          (c) Neither the execution nor the delivery by it of this Agreement,
nor the consummation by it of the transactions contemplated hereby nor
compliance by it with any of the terms or provisions hereof will contravene
any federal or Delaware law, governmental rule or regulation governing the
banking or trust powers of the Owner Trustee or any judgment, writ, decree or
order applicable to it, or constitute any default under its charter documents
or by-laws or, with or without notice or lapse of time, any indenture,
mortgage, contract, agreement or instrument to which it is a party or by
which any of its properties may be bound.

          (d) The execution, delivery and performance by Wilmington Trust
Company of this Agreement does not require the authorization, consent, or
approval of, the giving of notice to, the filing or registration with, or the
taking of any other action in respect of, any governmental authority or

                                     -15-

<PAGE>

agency of the State of Delaware or the United States of America regulating
the corporate trust activities of Wilmington Trust Company.

          (e) This Agreement has been duly authorized, executed and delivered
by Wilmington Trust Company and shall constitute the legal, valid, and
binding agreement of Wilmington Trust Company, not in its individual capacity
but solely as Owner Trustee for the Chase Credit Card Owner Trust 2000-3,
enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization and other laws affecting
the rights of creditors generally, and by general principles of equity
regardless of whether enforcement is pursuant to a proceeding in equity or at
law.

          SECTION 6.4.  Reliance; Advice of Counsel. (a) The Owner Trustee
shall incur no liability to anyone in acting upon any signature, instrument,
notice, resolution, request, consent, order, certificate, report, opinion,
bond or other document or paper believed by it to be genuine and believed by
it to be signed by the proper party or parties. The Owner Trustee may accept
a certified copy of a resolution of the board of directors or other governing
body of any corporate party as conclusive evidence that such resolution has
been duly adopted by such body and that the same is in full force and effect.
As to any fact or matter the method of the determination of which is not
specifically prescribed herein, the Owner Trustee may for all purposes hereof
rely on a certificate, signed by the president or any vice president or by
the treasurer, secretary or other authorized officers of the relevant party,
as to such fact or matter, and such certificate shall constitute full
protection to the Owner Trustee for any action taken or omitted to be taken
by it in good faith in reliance thereon.

          (b) In the exercise or administration of the trusts hereunder and
in the performance of its duties and obligations under this Agreement or the
other Basic Documents, the Owner Trustee (i) may act directly or through its
agents or attorneys pursuant to agreements entered into with any of them, and
the Owner Trustee shall not be liable for the conduct or misconduct of such
agents or attorneys if such agents or attorneys shall have been selected by
the Owner Trustee with due care and (ii) may consult with counsel,
accountants and other skilled persons knowledgeable in the relevant area to
be selected with reasonable care and employed by it. The Owner Trustee shall
not be liable for anything done, suffered or omitted in good faith by it in
accordance with the written opinion or advice of any such counsel,
accountants or other such persons and not contrary to this Agreement or any
other Basic Document.

          SECTION 6.5. Not Acting in Individual Capacity. Except as provided
in this Article VI, in accepting the trusts hereby created, Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2000-3, acts solely as the Owner Trustee

                                     -16-

<PAGE>

hereunder and not in its individual capacity and all Persons having any claim
against the Owner Trustee by reason of the transactions contemplated by this
Agreement or any other Basic Document shall look only to the Owner Trust
Estate for payment or satisfaction thereof.

          SECTION 6.6. Owner Trustee May Own Notes. The Owner Trustee in its
individual or any other capacity may become the owner or pledgee of the Notes
and may deal with the Depositor, the Indenture Trustee and the Servicer in
banking transactions with the same rights as it would have if it were not the
Owner Trustee.

                                 ARTICLE VII.

                         COMPENSATION OF OWNER TRUSTEE

          SECTION 7.1. Owner Trustee's Fees and Expenses. The Owner Trustee
shall receive as compensation for its services hereunder such fees as have
been separately agreed upon before the date hereof between the Depositor and
the Owner Trustee, and the Owner Trustee shall be entitled to be reimbursed
by the Depositor for its other reasonable expenses hereunder, including the
reasonable compensation, expenses and disbursements of such agents,
representatives, experts and counsel as the Owner Trustee may employ in
connection with the exercise and performance of its rights and its duties
hereunder except any such expenses as may arise from its gross negligence,
wilful misfeasance, or bad faith or that is the responsibility of the
Certificateholder under this Agreement.

          SECTION 7.2. Indemnification. The Depositor shall be liable as
primary obligor for, and shall indemnify the Owner Trustee (in such capacity
or individually) and its successors, assigns, agents and servants
(collectively, the "Indemnified Parties") from and against, any and all
liabilities, obligations, losses, damages, taxes, claims, actions and suits,
and any and all reasonable costs, expenses and disbursements (including
reasonable legal fees and expenses) of any kind and nature whatsoever
(collectively, "Expenses") which may at any time be imposed on, incurred by,
or asserted against the Owner Trustee or any Indemnified Party in any way
relating to or arising out of this Agreement, the other Basic Documents, the
Owner Trust Estate, the administration of the Owner Trust Estate or the
action or inaction of the Owner Trustee hereunder, except only that the
Depositor shall not be liable for or required to indemnify the Owner Trustee
from and against Expenses arising or resulting from any of the matters
described in the third sentence of Section 6.1. The indemnities contained in
this Section shall survive the resignation or termination of the Owner
Trustee or the termination of this Agreement. If any suit, action, proceeding
(including any governmental or regulatory investigation), claim or demand
shall be brought or asserted against any Indemnified Party in respect of
which indemnity may be sought pursuant to this Section 7.2, such Indemnified

                                     -17-

<PAGE>

Party shall promptly notify the Depositor in writing, and the Depositor upon
request of the Indemnified Party shall retain counsel reasonably satisfactory
to the Indemnified Party (or, with the consent of the Depositor, counsel
selected by the Indemnified Party acceptable to the Depositor) to represent
the Indemnified Party and any others the Depositor may designate in such
proceeding and shall pay the reasonable fees and expenses of such counsel
related to such proceeding. The Depositor shall not be liable for any
settlement of any claim or proceeding effected without its written consent,
but if settled with such consent or if there be a final judgment for the
plaintiff, the Depositor agrees to indemnify any Indemnified Party from and
against any loss or liability by reason of such settlement or judgment. The
Depositor shall not, without the prior written consent of the Indemnified
Party, effect any settlement of any pending or threatened proceeding in
respect of which any Indemnified Party is or could have been a party and
indemnity could have been sought hereunder by such Indemnified Party, unless
such settlement includes an unconditional release of such Indemnified Party
from all liability on claims that are the subject matter of such proceeding.

          SECTION 7.3. Payments to Owner Trustee. Any amounts paid to the
Owner Trustee pursuant to this Article VII shall be deemed not to be a part
of the Owner Trust Estate immediately after such payment.

                                 ARTICLE VIII.

                        TERMINATION OF TRUST AGREEMENT

          SECTION 8.1. Termination of Trust Agreement. (a) The Owner Trust
shall terminate upon the final distribution by the Owner Trustee of all
moneys or other property or proceeds of the Owner Trust Estate in accordance
with the terms of the Indenture and the Deposit and Administration Agreement;
provided, that in no event will the Owner Trust continue more than 21 years
after the date hereof. Any money or other property held as part of the Owner
Trust Estate following such distribution shall be distributed to the
Certificateholder. The bankruptcy, death, incapacity, liquidation,
dissolution or termination of the Depositor or Certificateholder (or any
other beneficiary) shall not (x) operate to revoke or terminate this
Agreement or the Owner Trust, or (y) entitle the Certificateholder's (or any
other beneficiary) legal representatives to claim an accounting or to take
any action or proceeding in any court for a partition or winding up of all or
any part of the Owner Trust or Owner Trustee Estate or (z) otherwise affect
the rights, obligations and liabilities of the parties hereto.

          (b) Except as provided in Section 8.1(a) or 8.1(c), neither the
Depositor nor the Certificateholder shall be entitled to revoke or terminate
the Owner Trust.

                                     -18-

<PAGE>

          (c) Except as provided in this Section 8.1(c), neither the
Depositor nor the Certificateholder shall be entitled to revoke or terminate
the Owner Trust or this Agreement. The Depositor and the Owner Trustee
acknowledge that the Indenture Trustee, on behalf of the Noteholders, is a
third-party beneficiary of this Agreement and shall be entitled to enforce
the terms of this Agreement to the same extent as if they were signitaries
hereto. For so long as the Notes are outstanding, neither the Owner Trust nor
this Agreement shall be revoked without the prior written consent of the
Indenture Trustee. The Depositor and the Owner Trustee acknowledge that the
Indenture Trustee, as an agent of the Noteholders, maintains a legitimate
interest in ensuring that the Owner Trust is not revoked prior to the
fulfillment of the Owner Trust objectives. In no event may this Agreement be
amended without the prior written consent of the Indenture Trustee if the
effect of such amendment is the revocation or termination of this Owner Trust
other than in accordance with this Section 8.1.

                                  ARTICLE IX.

            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

          SECTION 9.1. Eligibility Requirements for Owner Trustee. The Owner
Trustee shall at all times be a corporation authorized to exercise corporate
trust powers, having a combined capital and surplus of at least $50,000,000
and subject to supervision or examination by federal or state authorities;
and having (or having a parent) which has a rating of at least Baa3 by
Moody's, at least BBB- by Standard & Poor's and, if rated by Fitch, at least
BBB- by Fitch, or if not rated, otherwise satisfactory to each Note Rating
Agency. If such corporation shall publish reports of condition at least
annually, pursuant to law or to the requirements of the aforesaid supervising
or examining authority, then for the purpose of this Section, the combined
capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so
published. In case at any time the Owner Trustee shall cease to be eligible
in accordance with the provisions of this Section, the Owner Trustee shall
resign immediately in the manner and with the effect specified in Section
9.2.

          SECTION 9.2. Resignation or Removal of Owner Trustee. The Owner
Trustee may at any time resign and be discharged from the trusts hereby
created by giving written notice thereof to the Administrator. Upon receiving
such notice of resignation, the Administrator shall promptly appoint a
successor Owner Trustee by written instrument, in duplicate, one copy of
which instrument shall be delivered to the resigning Owner Trustee and one
copy to the successor Owner Trustee. If no successor Owner Trustee shall have
been so appointed and have accepted appointment within 30 days after the
giving of such notice of resignation, the resigning Owner Trustee may

                                     -19-

<PAGE>

petition any court of competent jurisdiction for the appointment of a
successor Owner Trustee.

          If at any time the Owner Trustee shall cease to be eligible in
accordance with the provisions of Section 9.1 and shall fail to resign after
written request therefor by the Administrator, or if at any time the Owner
Trustee shall be legally unable to act, or shall be adjudged bankrupt or
insolvent, or a receiver of the Owner Trustee or of its property shall be
appointed, or any public officer shall take charge or control of the Owner
Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then the Administrator may remove the Owner
Trustee. If the Administrator shall remove the Owner Trustee under the
authority of the immediately preceding sentence, the Administrator shall
promptly appoint a successor Owner Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the outgoing
Owner Trustee so removed and one copy of which shall be delivered to the
successor Owner Trustee, and payment of all fees owed to the outgoing Owner
Trustee shall be made to the outgoing Owner Trustee.

          Any resignation or removal of the Owner Trustee and appointment of
a successor Owner Trustee pursuant to any of the provisions of this Section
shall not become effective until acceptance of appointment by the successor
Owner Trustee pursuant to Section 9.3 and payment of all fees and expenses
owed to the outgoing Owner Trustee. The Administrator shall provide notice of
such resignation or removal of the Owner Trustee to each of the Note Rating
Agencies.

          SECTION 9.3. Successor Owner Trustee. Any successor Owner Trustee
appointed pursuant to Section 9.2 shall execute, acknowledge and deliver to
the Administrator and to its predecessor Owner Trustee an instrument
accepting such appointment under this Agreement, and thereupon the
resignation or removal of the predecessor Owner Trustee shall become
effective and such successor Owner Trustee, without any further act, deed or
conveyance, shall become fully vested with all the rights, powers, duties and
obligations of its predecessor under this Agreement, with like effect as if
originally named as the Owner Trustee. The predecessor Owner Trustee shall
upon payment of its fees and expenses deliver to the successor Owner Trustee
all documents and statements and monies held by it under this Agreement; and
the Administrator and the predecessor Owner Trustee shall execute and deliver
such instruments and do such other things as may reasonably be required for
fully and certainly vesting and confirming in the successor Owner Trustee all
such rights, powers, duties and obligations. No successor Owner Trustee shall
accept appointment as provided in this Section unless at the time of such
acceptance such successor Owner Trustee shall be eligible pursuant to Section
9.1.

                                     -20-

<PAGE>

          Upon acceptance of appointment by a successor Owner Trustee
pursuant to this Section, the Administrator shall mail notice of the
successor of such Owner Trustee to the Certificateholder, the Indenture
Trustee, the Noteholders and the Note Rating Agencies. If the Administrator
shall fail to mail such notice within 10 days after acceptance of appointment
by  the successor Owner Trustee, the successor Owner Trustee shall cause such
notice to be mailed at the expense of the Administrator.

          SECTION 9.4. Merger or Consolidation of Owner Trustee. Any
corporation into which the Owner Trustee may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Owner Trustee shall be a party, or
any corporation succeeding to all or substantially all of the corporate trust
business of the Owner Trustee, shall be the successor of the Owner Trustee
hereunder, provided such corporation shall be eligible pursuant to Section
9.1, without the execution or filing of any instrument or any further act on
the part of any of the parties hereto, anything herein to the contrary
notwithstanding; provided further that the Owner Trustee shall mail notice of
such merger or consolidation to the Note Rating Agencies.

          SECTION 9.5. Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any time, for the
purpose of meeting any legal requirements of any jurisdiction in which any
part of the Owner Trust Estate may at the time be located, the Administrator
and the Owner Trustee acting jointly shall have the power and shall execute
and deliver all instruments to appoint at the expense of the Depositor one or
more Persons approved by the Owner Trustee to act as co-trustee, jointly with
the Owner Trustee, or separate trustee or separate trustees, of all or any
part of the Owner Trust Estate, and to vest in such Person, in such capacity,
such title to the Owner Trust, or any part thereof, and, subject to the other
provisions of this Section, such powers, duties, obligations, rights and
trusts as the Administrator and the Owner Trustee may consider necessary or
desirable. If the Administrator shall not have joined in such appointment
within 15 days after the receipt by it of a request so to do, the Owner
Trustee alone shall have the power to make such appointment. No co-trustee or
separate trustee under this Agreement shall be required to meet the terms of
eligibility as a successor trustee pursuant to Section 9.1 and no notice of
the appointment of any co-trustee or separate trustee shall be required
pursuant to Section 9.3.

          Each separate trustee and co-trustee shall, to the extent permitted
by law, be appointed and act subject to the following provisions and
conditions:

          (i) all rights, powers, duties and obligations conferred or
     imposed upon the Owner Trustee shall be conferred upon and exercised or
     performed by the Owner Trustee and such separate trustee or co-trustee

                                     -21-

<PAGE>

     jointly (it being understood that such separate trustee or co-trustee is
     not authorized to act separately without the Owner Trustee joining in
     such act), except to the extent that under any law of any jurisdiction
     in which any particular act or acts are to be performed, the Owner
     Trustee shall be incompetent or unqualified to perform such act or acts,
     in which event such rights, powers, duties and obligations (including
     the holding of title to the Owner Trust or any portion thereof in any
     such jurisdiction) shall be exercised and performed singly by such
     separate trustee or co-trustee, but solely at the direction of the Owner
     Trustee;

          (ii) no trustee under this Agreement shall be personally liable by
     reason of any act or omission of any other trustee under this Agreement;
     and

          (iii) the Administrator and the Owner Trustee acting jointly may at
     any time accept the resignation of or remove any separate trustee or co-
     trustee.

          Any notice, request or other writing given to the Owner Trustee
shall be deemed to have been given to each of the then separate trustees and
co-trustees, as effectively as if given to each of them. Every instrument
appointing any separate trustee or co-trustee shall refer to this Agreement
and the conditions of this Article. Each separate trustee and co-trustee,
upon its acceptance of the trusts conferred, shall be vested with the estates
or property specified in its instrument of appointment, either jointly with
the Owner Trustee or separately, as may be provided therein, subject to all
the provisions of this Agreement, specifically including every provision of
this Agreement relating to the conduct of, affecting the liability of, or
affording protection to, the Owner Trustee. Each such instrument shall be
filed with the Owner Trustee and a copy thereof given to the Administrator.

          Any separate trustee or co-trustee may at any time appoint the
Owner Trustee as its agent or attorney-in-fact with full power and authority,
to the extent not prohibited by law, to do any lawful act under or in respect
of this Agreement on its behalf and in its name. If any separate trustee or
co-trustee shall become incapable of acting, resign or be removed, all of its
estates, properties, rights, remedies and trusts shall vest in and be
exercised by the Owner Trustee, to the extent permitted by law, without the
appointment of a new or successor trustee.

                                  ARTICLE X.

                                 MISCELLANEOUS

          SECTION 10.1. Supplements and Amendments. This Agreement may be
amended by the Depositor and the Owner Trustee, with prior written notice to

                                     -22-

<PAGE>

the Note Rating Agencies, without the consent of the Indenture Trustee, any
of the Noteholders or the Certificateholder, to cure any ambiguity or defect,
to correct or supplement any provisions in this Agreement or for the purpose
of adding any provisions to or changing in any manner or eliminating any of
the provisions in this Agreement or of modifying in any manner the rights of
the Noteholders or the Certificateholder; provided, however, that such
amendment will not (i) as evidenced by an Officer's Certificate of the
Depositor addressed and delivered to the Owner Trustee and the Indenture
Trustee, materially and adversely affect the interest of any Noteholder or
the Owner Trust and (ii) as evidenced by an Opinion of Counsel addressed and
delivered to the Owner Trustee and the Indenture Trustee, cause the Owner
Trust to be classified as an association (or a publicly traded partnership)
taxable as a corporation for federal income tax purposes; provided, further,
that the Depositor shall deliver written notice of such amendments to each
Note Rating Agency prior to the execution of any such amendment.

          This Agreement may also be amended from time to time by the
Depositor and the Owner Trustee, with prior written notice to the Note Rating
Agencies, with the prior written consent of the Holders of Notes evidencing
not less than a majority of the Outstanding Amount of the Notes for the
purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Agreement or modifying in any manner the rights
of the Noteholders or the Certificateholder; provided that no such amendment
shall (a) increase or reduce in any manner the amount of, or accelerate or
delay the timing of, collections of payments in respect of the Series
Certificate or distributions that shall be required to be made for the
benefit of the Noteholders or the Certificateholder, or (b) reduce the
aforesaid percentage of the Outstanding Amount of the Notes, the Holders of
which are required to consent to any such amendment.

          Promptly after the execution of any amendment or consent, the Owner
Trustee shall furnish written notification of the substance of such amendment
or consent to the Certificateholder, the Indenture Trustee and each of the
Note Rating Agencies. It shall not be necessary for the consent of the
Noteholders pursuant to this Section to approve the particular form of any
proposed amendment or consent, but it shall be sufficient if such consent
shall approve the substance thereof.

          Prior to the execution of any amendment to this Agreement, the
Owner Trustee shall be entitled to receive and rely upon an Opinion of
Counsel stating that the execution of such amendment is authorized or
permitted by this Agreement. The Owner Trustee may, but shall not be
obligated to, enter into any such amendment which affects the Owner Trustee's
own rights, duties or immunities under this Agreement or otherwise.

          SECTION 10.2. No Legal Title to Owner Trust Estate in
Certificateholder. The Certificateholder shall not have legal title to any

                                     -23-

<PAGE>

specific property in the Owner Trust Estate. No transfer, by operation of law
or otherwise, of any right, title or interest of the Certificateholder to and
in its ownership interest in the Owner Trust Estate shall operate to
terminate this Agreement or the trusts hereunder or entitle any transferee to
an accounting or to the transfer to it of legal title to any specific
property in the Owner Trust Estate.

          SECTION 10.3. Limitations on Rights of Others. The provisions of
this Agreement are solely for the benefit of the Owner Trustee, the
Depositor, the Certificateholder and, to the extent expressly provided
herein, the Indenture Trustee, the Administrator and the Noteholders, and
nothing in this Agreement, whether express or implied, shall be construed to
give to any other Person any legal or equitable right, remedy or claim in the
Owner Trust Estate or under or in respect of this Agreement or any covenants,
conditions or provisions contained herein.

          SECTION 10.4. Notices. Unless otherwise expressly specified or
permitted by the terms hereof, all notices shall be in writing and shall be
deemed given upon receipt personally delivered, delivered by overnight
courier or mailed certified mail, return receipt requested and shall be
deemed to have been duly given upon receipt, if to the Owner Trustee,
addressed to Wilmington Trust Company, Rodney Square North, 1100 North Market
Street, Wilmington, DE 19890-0001, Attn: Corporate Trust Administration, if
to the Depositor, addressed to, Chase Manhattan Bank USA, National
Association, Attn: Patricia M. Garvey, or, as to each party, at such other
address as shall be designated by such party in a written notice to each
other party.

          SECTION 10.5. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and
any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction.

          SECTION 10.6. Separate Counterparts. This Agreement may be executed
by the parties hereto in separate counterparts, each of which when so
executed and delivered shall be an original, but all such counterparts shall
together constitute but one and the same instrument.

          SECTION 10.7. Successors and Assigns. All covenants and agreements
contained herein shall be binding upon, and inure to the benefit of, the
Depositor, the Owner Trustee and its successors and the Certificateholder and
its successors and permitted assigns, all as herein provided. Any request,
notice, direction, consent, waiver or other instrument or action by the
Certificateholder shall bind the successors and assigns of the
Certificateholder.

                                     -24-

<PAGE>

          SECTION 10.8. Non-petition Covenants. Notwithstanding any prior
termination of the Owner Trust or this Agreement, each of the Owner Trustee
(not in its individual capacity) and the Certificateholder, by its acceptance
of the Certificate, covenants and agrees that it shall not at any time with
respect to the Owner Trust or the Master Trust, acquiesce, petition or
otherwise invoke or cause the Owner Trust or the Master Trust to invoke the
process of any court or government authority for the purpose of commencing or
sustaining a case against the Owner Trust or the Master Trust under any
Federal or state bankruptcy, insolvency or similar law or appointing a
receiver, conservator, liquidator, assignee, trustee, custodian, sequestrator
or other similar official of the Owner Trust or the Master Trust or any
substantial part of its property, or ordering the winding up or liquidation
of the affairs of the Owner Trust or the Master Trust; provided, however,
that this Section 10.8 shall not operate to preclude any remedy described in
Article V of the Indenture.

          SECTION 10.9. No Recourse. The Certificateholder by accepting the
Certificate acknowledges that the Certificate does not represent an interest
in or obligation of the Depositor, the Administrator, the Owner Trustee (in
its individual capacity), the Indenture Trustee or any Affiliate thereof, and
no recourse may be had against such parties or their assets, or against the
assets pledged under the Indenture.

          SECTION 10.10. Headings. The headings of the various Articles and
Sections herein are for convenience of reference only and shall not define or
limit any of the terms or provisions hereof.

          SECTION 10.11. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

          SECTION 10.12. Depositor Payment Obligation. The Depositor shall be
responsible for payment of the Administrator's fees under the Deposit and
Administration Agreement and shall reimburse the Administrator for all
expenses and liabilities of the Administrator incurred thereunder.

          SECTION 10.13. Acceptance of Terms of Agreement. THE RECEIPT AND
ACCEPTANCE OF THE CERTIFICATE BY THE CERTIFICATEHOLDER, WITHOUT ANY SIGNATURE
OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL
ACCEPTANCE BY THE CERTIFICATEHOLDER OF ALL THE TERMS AND PROVISIONS OF THIS
AGREEMENT, AND SHALL CONSTITUTE THE AGREEMENT OF THE OWNER TRUSTEE, ON BEHALF
OF THE OWNER TRUST, THAT THE TERMS AND PROVISIONS OF THIS AGREEMENT SHALL BE
BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE OWNER TRUSTEE AND THE
CERTIFICATEHOLDER.

                                     -25-

<PAGE>

          SECTION 10.14. Integration of Documents. This Agreement, together
with the Deposit and Administration Agreement, constitutes the entire
agreement of the parties hereto and thereto with respect to the subject
matter hereof and thereof and supercedes all prior agreements relating to the
subject matter hereof and thereof.

                          [Signature Page to Follow]

                                     -26-

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Trust
Agreement to be duly executed by their respective officers hereunto duly
authorized as of the day and year first above written.

                               WILMINGTON TRUST COMPANY,
                               as Owner Trustee

                               By:
                                  -----------------------------------
                                  Name:
                                  Title:

                               CHASE MANHATTAN BANK USA,
                               NATIONAL ASSOCIATION,
                               as Depositor

                               By:
                                  -----------------------------------
                                  Name: Patricia M. Garvey
                                  Title: Vice President

                                     -27-

<PAGE>

                                                                     EXHIBIT A

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THIS CERTIFICATE (OR ANY
INTEREST HEREIN) MAY NOT BE TRANSFERRED BY THE OWNER TO ANY
PERSON.

                     CHASE CREDIT CARD OWNER TRUST 2000-3

                               OWNER CERTIFICATE

R-1

(This Certificate does not represent an interest in or obligation of Chase
Manhattan Bank USA, National Association, or any of its affiliates, except to
the extent described below.)

          THIS CERTIFIES THAT Chase Manhattan Bank USA, National Association
is the registered owner of one hundred percent (100%) of the beneficial
interest in the Chase Credit Card Owner Trust 2000-3 (the "Owner Trust")
created by Chase Manhattan Bank USA, National Association, a national banking
association (the "Depositor").

          The Owner Trust was created pursuant to the Chase Credit Card Owner
Trust 2000-3 Trust Agreement dated as of October 3, 2000 (the "Trust
Agreement"), between the Depositor and Wilmington Trust Company, as owner
trustee (the "Owner Trustee"). To the extent not otherwise defined herein,
the capitalized terms used herein have the meanings assigned to them in the
Trust Agreement including, as specified in Section 1.1(a).

          This Certificate is the duly authorized Certificate evidencing the
sole beneficial interest in the Owner Trust (herein called the
"Certificate"). This Certificate is issued under and is subject to the terms,
provisions and conditions of the Trust Agreement, to which Trust Agreement
the Certificateholder by virtue of the acceptance hereof assents and by which
the Certificateholder is bound. Three classes of Notes designated as Class A
Floating Rate Asset Backed Notes, Series 2000-3 (the "Class A Notes"), Class
B Floating Rate Asset Backed Notes, Series 2000-3 (the "Class B Notes") and
Class C Floating Rate Asset Backed Notes, Series 2000-3 (the "Class C Notes"
and, together with the Class A Notes and the Class B Notes, the "Notes") will
be issued under the Indenture dated as of October 3, 2000 between Wilmington
Trust Company, not in its individual capacity but solely as Owner Trustee for
the Owner Trust and The Bank of New York, as Indenture Trustee.

          Notwithstanding any prior termination of the Trust Agreement, the
Certificateholder, by its acceptance of this Certificate, covenants and
agrees that it shall not at any time with respect to the Owner Trust, the
Depositor or the Master Trust, acquiesce, petition or otherwise invoke or
cause the Owner Trust, the Depositor or the Master Trust to invoke the process

<PAGE>

of any court or government authority for the purpose of commencing or
sustaining a case against the Owner Trust, the Depositor or the Master Trust,
under any Federal or state bankruptcy, insolvency or similar law or
appointing a receiver, conservator, liquidator, assignee, trustee, custodian,
sequestrator or other similar official of the Owner Trust, the Depositor or
the Master Trust, or any substantial part of its property, or ordering the
winding up or liquidation of the affairs of the Owner Trust, the Depositor or
the Master Trust. Unless the certificate of authentication hereon shall have
been executed by an authorized officer of the Owner Trustee, by manual
signature, this Certificate shall not entitle the Holder hereof to any
benefit under the Trust Agreement or the Deposit and Administration Agreement
or be valid for any purpose.

          THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS
AND THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE OWNER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

          IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Owner Trust
and not in its individual capacity, has caused this Certificate to be duly
executed.

                                    CHASE CREDIT CARD OWNER
                                    TRUST 2000-3

                                    WILMINGTON TRUST COMPANY
                                    Not in its individual capacity
                                    but solely as Owner Trustee for the Chase
                                    Credit Card Owner Trust 2000-3
Dated: ________________, _

                               By:
                                  -----------------------------------
                                  Name:
                                  Title:

<PAGE>

                         CERTIFICATE OF AUTHENTICATION

          This is the Certificate referred to in the within-mentioned Trust
Agreement.

WILMINGTON TRUST COMPANY
not in its individual capacity
but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2000-3

By: ______________________________
     Authorized Signatory

<PAGE>

                                                          ANNEX 1 TO EXHIBIT A

Registered Owner and address:

     Chase Manhattan Bank USA, National Association
     802 Delaware Avenue, 14th Floor
     Wilmington, DE 19801

Tax Identification Number: 22-2382028Exhibit 4.11

=============================================================================

                CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,

                        as Depositor and Administrator

                                      and

                     CHASE CREDIT CARD OWNER TRUST 2000-3

                                   as Issuer

                            ======================

                                    DEPOSIT

                                      AND

                           ADMINISTRATION AGREEMENT

                          Dated as of October 3, 2000

                            ======================

=============================================================================

<PAGE>

                               TABLE OF CONTENTS

                                   ARTICLE I

                                  DEFINITIONS . . . . . . . . . . . . . .    1
         SECTION 1.1  Definitions . . . . . . . . . . . . . . . . . . . .    1
         SECTION 1.2  Usage of Terms  . . . . . . . . . . . . . . . . . .    1

                                  ARTICLE II

                            DEPOSIT OF CERTIFICATE  . . . . . . . . . . .    1
         SECTION 2.1  Deposit of Certificate and Initial Deposit  . . . .    1
         SECTION 2.2  Closing . . . . . . . . . . . . . . . . . . . . . .    3
         SECTION 2.3  Books and Records . . . . . . . . . . . . . . . . .    3
         SECTION 2.4  Holder of the Series Certificate  . . . . . . . . .    3

                                  ARTICLE III

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES   . . . . . .    4
         SECTION 3.1  Representations and Warranties of Depositor . . . .    4

                                  ARTICLE IV

                                ADMINISTRATION  . . . . . . . . . . . . .    5
         SECTION 4.1  Duties as Administrator . . . . . . . . . . . . . .    5
         SECTION 4.2  Records . . . . . . . . . . . . . . . . . . . . . .   13
         SECTION 4.3  [Reserved]  . . . . . . . . . . . . . . . . . . . .   13
         SECTION 4.4  Additional Information To Be Furnished to
                        Issuer  . . . . . . . . . . . . . . . . . . . . .   13
         SECTION 4.5  Independence of Administrator . . . . . . . . . . .   13
         SECTION 4.6  No Joint Venture  . . . . . . . . . . . . . . . . .   14
         SECTION 4.7  Other Activities of Administrator . . . . . . . . .   14
         SECTION 4.8  Net Deposits  . . . . . . . . . . . . . . . . . . .   14

                                   ARTICLE V

                                  TERMINATION . . . . . . . . . . . . . .   14
         SECTION 5.1  Term of Agreement; Resignation and Removal of
                      Administrator   . . . . . . . . . . . . . . . . . .   14
         SECTION 5.2  Action upon Termination, Resignation or Removal . .   16
         SECTION 5.3  Acquisition of Owner Trust Estate . . . . . . . . .   17

                                  ARTICLE VI
                                 MISCELLANEOUS  . . . . . . . . . . . . .   17
         SECTION 6.1  Notices . . . . . . . . . . . . . . . . . . . . . .   17
         SECTION 6.2  Amendments  . . . . . . . . . . . . . . . . . . . .   18
         SECTION 6.3  Protection of Title to Owner Trust  . . . . . . . .   19
         SECTION 6.4  Successors and Assigns  . . . . . . . . . . . . . .   20

<PAGE>

         SECTION 6.5  GOVERNING LAW . . . . . . . . . . . . . . . . . . .   20
         SECTION 6.6  Headings  . . . . . . . . . . . . . . . . . . . . .   20
         SECTION 6.7  Counterparts  . . . . . . . . . . . . . . . . . . .   20
         SECTION 6.8  Severability  . . . . . . . . . . . . . . . . . . .   20
         SECTION 6.9  Not Applicable to Chase Manhattan Bank USA,
                      National Association in Other Capacities  . . . . .   20
         SECTION 6.10 Limitation of Liability of Owner Trustee,
                      Indenture Trustee and Administrator . . . . . . . .   21
         SECTION 6.11 Third-Party Beneficiary   . . . . . . . . . . . . .   21
         SECTION 6.12 Nonpetition Covenants   . . . . . . . . . . . . . .   21
         SECTION 6.13 Liability of Administrator  . . . . . . . . . . . .   22

         Exhibit A     Power of Attorney

                                     -ii-

<PAGE>

          This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of October 3,
2000 (as amended, supplemented or otherwise modified and in effect from time
to time, this "Agreement"), is made between CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION, a national banking association having its principal
executive offices located at 802 Delaware Avenue, Wilmington, Delaware 19801
("Chase USA," the "Transferor" or the "Depositor" in its respective
capacities as such), and WILMINGTON TRUST COMPANY, not in its individual
capacity but solely as Owner Trustee of Chase Credit Card Owner Trust 2000-3,
a Delaware common law trust, as issuer (the "Issuer").

                             W I T N E S S E T H :

          In consideration of the premises and of the mutual agreements
herein contained, the parties hereto agree as follows:

                                   ARTICLE I

                                  DEFINITIONS

          SECTION 1.1  Definitions.  Whenever used in this Agreement, words
and phrases, unless defined herein or the context otherwise requires, shall
have the meanings set forth in the Indenture.

          SECTION 1.2  Usage of Terms.  With respect to all terms in this
Agreement, the singular includes the plural and the plural the singular;
words importing any gender include the other gender; references to "writing"
include printing, typing, lithography, and other means of reproducing words
in a visible form; references to agreements and other contractual instruments
include all subsequent amendments thereto or changes therein entered into in
accordance with their respective terms and not prohibited by this Agreement;
references to Persons include their permitted successors and assigns; and the
term "including" means "including without limitation." All references herein
to Articles, Sections, Subsections and Exhibits are references to Articles,
Sections, Subsections and Exhibits contained in or attached to this Agreement
unless otherwise specified, and each such Exhibit is part of the terms of
this Agreement.

                                  ARTICLE II

                            DEPOSIT OF CERTIFICATE

          SECTION 2.1  Deposit of Certificate and Initial Deposit.  (a)  In
consideration of the Issuer's delivery of the Notes to and upon the order of
the Depositor, the Depositor does hereby transfer, assign, set-over, pledge
and otherwise convey to the Issuer, without recourse (subject to the

                                      -1-

<PAGE>

Depositor's obligations herein), all right, title, and interest of the
Depositor in, to and under (i) the Series Certificate, and all money,
instruments, investment property and other property (together with all
earnings, dividends, distributions, income, issues, and profits relating.2
thereto), distributed or distributable in respect of the Series Certificate
pursuant to the terms of the Series Supplement and the Pooling and Servicing
Agreement after the Closing Date and (ii) the initial deposit to the Owner
Trust Spread Account in the amount of $8,928,570 on the Closing Date.

          This Agreement also shall be deemed to be, and hereby is, a
security agreement within the meaning of the UCC, and the conveyance by the
Depositor provided for in this Agreement shall be deemed to be and hereby is
a grant by the Depositor to the Issuer of a security interest in and to all
of the Depositor's right, title and interest, whether now owned or hereafter
acquired, in, to and under all accounts, general intangibles, chattel paper,
instruments, documents, money, deposit accounts, arising from, or relating to
the Series Certificate and the proceeds thereof, to secure the rights of the
Issuer under this Agreement and the obligations of the Depositor hereunder.
The Depositor and the Issuer shall, to the extent consistent with this
Agreement, take such actions as may be necessary to ensure that the security
interest in the Series Certificate created hereunder will be a perfected
security interest of first priority under applicable law and will be
maintained as such throughout the term of this Agreement.

          It is the intention of the Depositor and the Issuer that (a) the
assignment and transfer herein contemplated constitute a sale of the Series
Certificate, conveying good title thereto free and clear of any liens and
encumbrances, from the Depositor to the Issuer and (b) the Series Certificate
not be part of the Depositor's estate in the event of an insolvency of the
Depositor. In the event that such conveyance is deemed to be a pledge to
secure a loan, the Depositor hereby grants to the Issuer a first priority
perfected security interest in all of the Depositor's right, title and
interest in, to and under the Series Certificate, and in all proceeds of the
foregoing, to secure the loan deemed to be made in connection with such
pledge and, in such event, this Agreement shall constitute a security
agreement under applicable law.

                   (b)  To the extent that the Depositor retains any interest
         in the Series Certificate, the Depositor hereby grants to the
         Indenture Trustee for the benefit of the Holders of the Notes a
         security interest in all of the Depositor's right, title, and
         interest, whether now owned or hereafter acquired, in, to, and under
         all accounts, general intangibles, chattel paper, instruments,
         documents, money, deposit accounts, certificates of deposit, goods,
         letters of credit, advices of credit, and investment property
         consisting of, arising from, or relating to the Series Certificate
         and the proceeds thereof (collectively, the "Indenture Collateral"),

                                      -2-

<PAGE>

         to secure the performance of all of the obligations of the Depositor
         under the Indenture and the other Basic Documents. With respect to
         the Indenture Collateral, the Indenture Trustee shall have all of the
         rights it has under the Indenture and the other Basic Documents. The
         Indenture Trustee shall have all of the rights of a secured creditor
         under the UCC in New York and the UCC in Delaware.

          SECTION 2.2  Closing.  The sale of the Series Certificate shall
take place at the offices of Simpson Thacher & Bartlett, New York, New York
on the Closing Date, simultaneously with the closing of the other
transactions contemplated by the Basic Documents.

          SECTION 2.3  Books and Records.

                   (a)  In connection with the transfer, assignment, set-
         over, pledge and conveyance set forth in Section 2.1, the Depositor
         agrees to record and file, at its own expense, any financing
         statements (and continuation statements with respect to such
         financing statements when applicable) required to be filed with
         respect to the Series Certificate assigned by the Depositor
         hereunder, meeting the requirements of applicable state law in such
         manner and in such jurisdictions as are necessary under applicable
         law to perfect the transfer, assignment, set-over, pledge and
         conveyance of the Series Certificate to the Issuer, and to deliver a
         file-stamped copy of such financing statements or other evidence of
         such filings to the Issuer on or prior to the Closing Date (excluding
         such continuation and similar statements, which shall be delivered
         promptly after filing).

                   (b)  In connection with the transfer, assignment, set-
         over, pledge and conveyance hereunder, the Depositor further agrees,
         at its own expense, on or prior to the Closing Date to cause the
         Master Trust Trustee to register the Issuer as the registered owner
         of the Series Certificate.

          SECTION 2.4  Holder of the Series Certificate.  For so long as the
Series Certificate is pledged to the Indenture Trustee under the Indenture,
the Indenture Trustee initially shall be deemed to be the holder of the
Series Certificate for all purposes under the Pooling and Servicing Agreement
and the Series Supplement. To the extent the Series Certificate is sold or
otherwise transferred, subject to the provisions of Section 5.4 of the
Indenture and Section 16 of the Series Supplement, to a third-party in
connection with the sale or liquidation of the Owner Trust Estate pursuant to
the provisions of the Indenture, such transferee shall be deemed to be the
holder of the Series Certificate for all purposes under the Pooling and
Servicing Agreement and the Series Supplement.

                                      -3-

<PAGE>

                                  ARTICLE III

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

          SECTION 3.1  Representations and Warranties of Depositor.  The
Depositor makes the following representations and warranties with respect to
the Series Certificate on which the Issuer is deemed to have relied in
acquiring the Series Certificate. Such representations and warranties speak
as of the execution and delivery of this Agreement, but shall survive the
transfer and assignment of the Series Certificate to the Issuer and the
pledge thereof to the Indenture Trustee pursuant to the Indenture.

                   (a)  Title.  It is the intention of the Depositor (i) that
         the transfer contemplated in subsection 2.1(a) herein constitute
         either (A) a sale of the Series Certificate, or (B) a grant of a
         perfected security interest therein from the Depositor to the Issuer
         and (ii) to the extent that the Depositor retains any interest in the
         Series Certificate after the transfer contemplated by subsection
         2.1(a) herein, that the grant contemplated in subsection 2.1(b)
         herein constitute a grant of a perfected security interest therein
         from the Depositor to the Indenture Trustee for the benefit of the
         Holders of the Notes and that the beneficial interest in the title to
         the Series Certificate not be part of the debtor's estate in.4  the
         event of the filing of a bankruptcy petition by or against the
         Depositor under any bankruptcy law. The Series Certificate has not
         been sold, transferred, assigned or pledged by the Depositor to any
         Person other than pursuant to this Agreement. Immediately prior to
         the transfer and assignment herein contemplated, the Depositor had
         good and marketable title to the Series Certificate, free and clear
         of all liens and rights of others and, immediately upon the transfer
         thereof, the Issuer shall have good and marketable title to the
         Series Certificate, free and clear of all liens of rights of others
         or a first priority perfected security interest therein; and the
         transfer has been perfected, by the filing of appropriate financing
         statements pursuant to the UCC, under the UCC. The Depositor has no
         actual knowledge of any current statutory or other non-consensual
         liens to which the Series Certificate is subject.

                   (b)  No Consents Required. All approvals, authorizations,
         consents, orders or other actions of any Person or of any
         Governmental Authority required in connection with the execution and
         delivery by the Depositor of this Agreement or any other Basic
         Document, the performance by the Depositor of the transactions
         contemplated by this Agreement or any other Basic Document and the
         fulfillment by the Depositor of the terms hereof and thereof have
         been obtained or have been completed and are in full force and effect
         (other than approvals, authorizations, consents, orders and other

                                      -4-

<PAGE>

         actions which if not obtained or completed or in full force or effect
         would not have a material adverse effect on the Depositor or the
         Issuer or upon the collectibility of the proceeds from the Series
         Certificate or upon the ability of the Depositor to perform its
         obligations under this Agreement).

                   (c)  Transfers Comply.  Each of (i) the transfer of the
         Series Certificate by the Depositor to the Issuer pursuant to the
         terms of this Agreement, (ii) the pledge of the Series Certificate by
         the Depositor to the Indenture Trustee for the benefit of the Holders
         of the Notes pursuant to the terms of this Agreement, and (iii) the
         pledge of the Series Certificate by the Issuer to the Indenture
         Trustee pursuant to the terms of the Indenture, comply with the
         provisions of the Pooling and Servicing Agreement and the Series
         Supplement relating to the transfers of the Series Certificate.

                   (d)  All Actions Taken.  All actions necessary under the
         applicable UCC in any jurisdiction to be taken (i) to give the Issuer
         a first priority perfected security interest or ownership interest in
         the Series Certificate, and (ii) to give the Indenture Trustee a
         first priority perfected security interest therein (including,
         without limitation, UCC filings with the Delaware Secretary of
         State), in each case subject to any statutory or other non-consensual
         liens with respect to the Series Certificate, have been taken. The
         Depositor has no actual knowledge of any current statutory or other
         non-consensual liens to which the Series Certificate is subject.

                                  ARTICLE IV

                                ADMINISTRATION

          SECTION 4.1  Duties as Administrator.

          (a)  Duties with Respect to the Basic Documents.  The Administrator
agrees to perform all its duties as Administrator hereunder. The
Administrator shall monitor the performance of the Issuer and shall advise
the Issuer and the Owner Trustee when action is necessary to comply with the
Issuer's duties under the Indenture or with the Owner Trustee's duties under
the Trust Agreement. The Administrator shall prepare for execution by the
Issuer or the Owner Trustee or shall cause the preparation by other
appropriate persons of all such documents, reports, filings, instruments,
certificates and opinions as it shall be the duty of the Issuer or the Owner
Trustee to prepare, file or deliver pursuant to the Basic Documents or under
applicable law (including tax and securities laws). In furtherance of the
foregoing, the Administrator shall take all appropriate action that it is the
duty of the Issuer or the Owner Trustee to take pursuant to this Agreement or

                                      -5-

<PAGE>

the Indenture including, without limitation, such of the foregoing as are
required with respect to the following matters under this Agreement and the
Indenture (references are to sections of the Indenture):

                        (i)     the preparation of or obtaining of the
          documents and instruments required for authentication of the Notes,
          if any, and delivery of the same to the Indenture Trustee (Sections
          2.2 and 2.3);

                        (ii)    the duty to cause the Note Register to be
          kept and to give the Indenture Trustee notice of any appointment of
          a new Note Registrar and the location, or change in location, of
          the Note Register and the office or offices where Notes may be
          surrendered for registration of transfer or exchange (Section 2.4);

                        (iii)   the notification of Noteholders of the final
          principal payment on their Notes (subsection 2.7(h));

                        (iv)    the preparation, obtaining or filing of the
          instruments, opinions and certificates and other documents required
          for the release of collateral (Section 2.9);

                        (v)     the preparation of Definitive Notes and
          arranging the delivery thereof (Section 2.12);

                        (vi)    the duty to cause newly appointed Paying
          Agents, if any, to deliver to the Indenture Trustee the instrument
          specified in the Indenture regarding funds held in trust (Section
          2.14);

                        (vii)   to select Reference Banks, if necessary, or
          other banks from which quotes are obtained for the purpose of
          determining LIBOR (Section 2.16);

                        (viii)  the maintenance of an office or agency in the
          City of New York for registration of transfer or exchange of Notes
          (Section 3.2);

                        (ix)    the direction to Paying Agents to pay to the
          Indenture Trustee all sums held in trust by such Paying Agents
          (Section 3.3);

                        (x)     the obtaining and preservation of the
          Issuer's qualification to do business in each jurisdiction in which
          such qualification is or shall be necessary to protect the validity
          and enforce ability of the Indenture, the Notes, the Collateral and

                                      -6-

<PAGE>

          each other instrument and agreement included in the Owner Trust
          Estate (Section 3.4);

                        (xi)    the preparation of all supplements,
          amendments, financing statements, continuation statements, if any,
          instruments of further assurance and other instruments, in
          accordance with Section 3.5 of the Indenture, necessary to protect
          the Owner Trust Estate (Section 3.5);

                        (xii)   the obtaining of the Opinion of Counsel on
          the Closing Date and the annual delivery of Opinions of Counsel, in
          accordance with Section 3.6 of the Indenture, as to the Owner Trust
          Estate, and the annual delivery of the Officer's Certificate and
          certain other statements, in accordance with Section 3.9 of the
          Indenture, as to compliance with the Indenture (Sections 3.6 and
          3.9);

                        (xiii)  the identification to the Indenture Trustee
          in an Officer's Certificate of a Person with whom the Issuer has
          contracted to perform its duties under the Indenture (subsection
          3.7(b));

                        (xiv)   the notification of the Indenture Trustee and
          the Note Rating Agencies of a Master Trust Servicer Default
          pursuant to the Pooling and Servicing Agreement and, if such Master
          Trust Servicer Default arises from the failure of the Servicer to
          perform any of its duties under the Pooling and Servicing
          Agreement, the taking of all reasonable steps available to remedy
          such failure (subsection 3.7(d));

                        (xv)    the preparation and obtaining of documents
          and instruments required for the release of the Issuer from its
          covenants and agreements under the Indenture (subsection 3.11(b));

                        (xvi)   the delivery of notice to the Indenture
          Trustee of each Event of Default and each default by the Depositor
          under this Agreement (Section 3.18);

                        (xvii)  the taking of such further acts as may be
          reasonably necessary or proper to carry out more effectively the
          purpose of the Indenture or to compel or secure the performance and
          observance by the Depositor of its obligations under this Agreement
          (Sections 3.19 and 5.16);

                        (xviii) the monitoring of the Issuer's obligations as
          to the satisfaction and discharge of the Indenture and the
          preparation of an Officer's Certificate and the obtaining of the

                                      -7-

<PAGE>

          Opinion of Counsel and the Independent Certificate relating thereto
          (Section 4.1);

                        (xix)   the compliance with any written directive of
          the Indenture Trustee with respect to the sale of the Owner Trust
          Estate if an Event of Default shall have occurred and be continuing
          (Section 5.4);

                        (xx)    providing the Indenture Trustee with the
          information necessary to deliver to each Noteholder such
          information as may be reasonably required to enable such Holder to
          prepare its United States federal and state, local income or
          franchise tax returns (Section 6.6);

                        (xxi)   the preparation and delivery of notice to
          Noteholders of the removal of the Indenture Trustee and the
          appointment of a successor Indenture Trustee (Section 6.8);

                        (xxii)  the preparation of any written instruments
          required to confirm more fully the authority of any co-trustee or
          separate trustee and any written instruments necessary in
          connection with the resignation or removal of the Indenture Trustee
          or any co-trustee or separate trustee (Sections 6.8 and 6.10);

                        (xxiii) the furnishing of the Indenture Trustee with
          the names and addresses of Noteholders during any period when the
          Indenture Trustee is not the Note Registrar (Section 7.1);

                        (xxiv)  the preparation and, after execution by the
          Issuer, the filing with the Commission and any applicable state
          agencies and the Indenture Trustee of documents required to be
          filed on a periodic basis with, and summaries thereof as may be
          required by rules and regulations prescribed by, the Commission and
          any applicable state agencies and the transmission of such
          summaries, as necessary, to the Noteholders (Section 7.4);

                        (xxv)   the obtaining of an Officer's Certificate,
          Opinion of Counsel and Independent Certificates, if necessary, for
          the release of the Owner Trust Estate as defined in the Indenture
          (Sections 8.4 and 8.5);

                        (xxvi)  the preparation of Issuer Orders and Issuer
          Requests and the obtaining of Opinions of Counsel with respect to
          the execution of supplemental indentures and the mailing to the
          Noteholders of notices with respect to such supplemental indentures
          (Sections 9.1 and 9.2);

                                      -8-

<PAGE>

                        (xxvii)  the execution of new Notes conforming to any
          supplemental indenture (Section 9.5);

                        (xxviii)  providing the Indenture Trustee with the
          form of notice necessary to deliver the notification of Noteholders
          of redemption of the Notes (Section 10.2);

                        (xxix)  the preparation of all Officer's
          Certificates, Opinions of Counsel and Independent Certificates with
          respect to any requests by the Issuer to the Indenture Trustee to
          take any action under the Indenture (Section 11.1(a));

                        (xxx)   the preparation and delivery of Officer's
          Certificates and the obtaining of Independent Certificates, if
          necessary, for the release of property from the lien of the
          Indenture (Section 11.1(b));

                        (xxxi)  the preparation and delivery to the
          Noteholders and the Indenture Trustee of any agreements with
          respect to alternate payment and notice provisions (Section 11.6);
          and

                        (xxxii)  the recording of the Indenture, if
          applicable (Section 11.15).

                   (b)  Additional Duties.

                        (i)     In addition to the duties of the
          Administrator set forth above, the Administrator shall keep all
          books and records, perform such calculations and shall prepare for
          execution by the Issuer or the Owner Trustee or shall cause the
          preparation by other appropriate persons of all such documents,
          reports, filings, instruments, certificates and opinions as it
          shall be the duty of the Issuer or the Owner Trustee to keep,
          perform, prepare, file or deliver pursuant to any of the Basic
          Documents and at the request of the Owner Trustee shall take all
          appropriate action that it is the duty of the Issuer or the Owner
          Trustee to take pursuant to the Basic Documents. Subject to Section
          5 of this Agreement, and in accordance with the directions of the
          Owner Trustee, the Administrator shall administer, perform or
          supervise the performance of such other activities in connection
          with the Owner Trust Estate (including the Basic Documents) as are
          not covered by any of the foregoing provisions and as are expressly
          requested by the Owner Trustee and are reasonably within the
          capability of the Administrator.

                                      -9-

<PAGE>

                        (ii)    Notwithstanding anything in this Agreement or
          the other Basic Documents to the contrary, the Administrator shall
          be responsible for promptly notifying the Indenture Trustee in the
          event that any withholding tax is imposed on the Issuer's payments
          (or allocations of income) to a Noteholder. Any such notice
          shall specify the amount of any withholding tax required to be
          withheld by the Owner Trustee pursuant to such provision.

                        (iii)   Notwithstanding anything in this Agreement or
          the other Basic Documents to the contrary, the Administrator shall
          be responsible for (A) performance of the duties of the Owner
          Trustee and the Issuer set forth in Sections 2.7, 2.10, 2.11, 2.12,
          2.13(d), 5.16, 6.7, 6.10, and 10.1 of the Indenture with respect
          to, among other things, accounting and reports to the
          Certificateholder and the maintenance of certain accounts and (B)
          the preparation, execution and filing of all documents required by
          tax and securities laws relating to the Issuer.

                        (iv)    The Administrator may satisfy its obligations
          with respect to clauses (ii) and (iii) above by retaining, at the
          expense of the Administrator, a firm of independent public
          accountants (the "Accountants") acceptable to the Indenture Trustee
          which shall perform the obligations of the Administrator
          thereunder.

                        (v)     The Administrator shall perform the duties of
          the Administrator specified in Sections 9.2 and 9.3 of the Trust
          Agreement required to be performed in connection with the
          resignation or removal of the Owner Trustee, the duties of the
          Administrator specified in Section 9.5 of the Trust Agreement
          required to be performed in connection with the appointment and
          payment of co-Trustees, and any other duties expressly required to
          be performed by the Administrator under the Trust Agreement.

                        (vi)    In carrying out the foregoing duties or any
          of its other obligations under this Agreement, the Administrator
          may enter into transactions with or otherwise deal with any of its
          Affiliates; provided, however, that the terms of any such
          transactions or dealings shall be in accordance with any directions
          received from the Issuer and shall be, in the Administrator's
          opinion, no less favorable to the Issuer than would be available
          from unaffiliated parties.

                        (vii)   It is the intention of the parties hereto
          that the Administrator shall, and the Administrator hereby agrees
          to, execute on behalf of the Issuer or the Owner Trustee all such
          documents, reports, filings, instruments, certificates and opinions

                                     -10-

<PAGE>

          as it shall be the duty of the Issuer or the Owner Trustee to
          prepare, file or deliver pursuant to the Basic Documents. In
          furtherance thereof, the Owner Trustee shall, on behalf of itself
          and of the Issuer, execute and deliver to the Administrator, and to
          each successor Administrator appointed pursuant to the terms
          hereof, one or more powers of attorney substantially in the form of
          Exhibit A hereto, appointing the Administrator the attorney-in-fact
          of the Owner Trustee and the Issuer for the purpose of executing on
          behalf of the Owner Trustee and the Issuer all such documents,
          reports, filings, instruments, certificates and opinions.

                   (c)  Non-Ministerial Matters.  (i)  With respect to
         matters that in the reasonable judgment of the Administrator are non-
         ministerial, the Administrator shall not take any action unless
         within a reasonable time before the taking of such action, the
         Administrator shall have notified the Owner Trustee of the proposed
         action and the Owner Trustee shall not have withheld consent or
         provided an alternative direction. For the purpose of the preceding
         sentence, "non-ministerial matters" shall include, without
         limitation:

              (A)  the initiation of any claim or lawsuit by the Issuer and
         the compromise of any action, claim or lawsuit brought by or against
         the Issuer (other than in connection with the collection of the
         Receivables);

              (B)  the amendment, change or modification of the Basic
         Documents;

              (C)  the appointment of successor Note Registrars, successor
         Paying Agents and successor Indenture Trustees pursuant to the
         Indenture or the appointment of successor Administrators or the
         consent to the assignment by the Note Registrar, the Paying Agent or
         the Indenture Trustee of its obligations under the Indenture; and

              (D)  the removal of the Indenture Trustee.

                        (ii)    Notwithstanding anything to the contrary in
              this Agreement, the Administrator shall not be obligated to,
              and shall not, (x) make any payments to the Noteholders or the
              Certificateholder under the Basic Documents, (y) sell the Owner
              Trust Estate pursuant to the Indenture other than pursuant to a
              written directive of the Indenture Trustee or (z) take any
              action that the Issuer directs the Administrator not to take on
              its behalf.

                                     -11-

<PAGE>

              (d)  Reports by the Administrator.  On or prior to each
         Transfer Date, the Administrator will provide to the Indenture
         Trustee for the Indenture Trustee to forward to each Noteholder of
         record, and to the Owner Trustee, a statement setting forth (to the
         extent applicable) the following information as to the Notes with
         respect to the related Payment Date or the period since the previous
         Payment Date, as applicable:

                        (i)     the amount of the distribution allocable to
              principal of the Notes;

                        (ii)    the amount of the distribution allocable to
              interest on or with respect to the Notes;

                        (iii)   the aggregate outstanding principal balance
              of the Notes after giving effect to all payments reported under
              clause (i) above on such date; and

                        (iv)    the amount, if any, on deposit in the Owner
              Trust Spread Account on such Payment Date, after giving effect
              to all transfers and withdrawals therefrom and all transfers
              and deposits thereto on such Payment Date, and the amount
              required to be on deposit in the Owner Trust Spread Account on
              such date.

              Each amount set forth pursuant to clauses (i) and (ii) above
will be expressed as a dollar amount per $1,000 of the initial principal
balance of the Notes.

                   (e)  Owner Trust Accounts.  The Administrator shall
         establish and maintain, in the name of the Indenture Trustee, for the
         benefit of the Noteholders, an Eligible Deposit Account (the "Note
         Distribution Account"), bearing a designation clearly indicating that
         the funds deposited therein are held for the benefit of the
         Noteholders. The Administrator shall establish and maintain, in the
         name of the Indenture Trustee, for the benefit of the Class C
         Noteholders (and, to the extent expressly provided in the Indenture,
         the Certificateholder), an Eligible Deposit Account (the "Owner Trust
         Spread Account", and together with the Note Distribution Account, the
         "Owner Trust Accounts"), bearing a designation clearly indicating
         that the funds deposited therein are held for the benefit of the
         Class C Noteholders and the Certificateholder. The Indenture Trustee
         shall possess all right, title and interest in all funds on deposit
         from time to time in the Owner Trust Accounts and in all proceeds
         thereof. The Note Distribution Account shall be under the sole
         dominion and control of the Indenture Trustee for the benefit of the
         Noteholders. The Owner Trust Spread Account shall be under the sole

                                     -12-

<PAGE>

         dominion and control of the Indenture Trustee for the benefit of the
         Class C Noteholders (and, to the extent expressly provided in the
         Indenture, the Certificateholder). If, at any time, any Owner Trust
         Account ceases to be an Eligible Deposit Account, the Administrator
         shall notify the Indenture Trustee, and the Indenture Trustee upon
         being notified (or the Administrator on its behalf) shall, within 10
         Business Days, establish a new Owner Trust Account which meets the
         conditions specified in the definition of Eligible Deposit Account,
         and shall transfer any cash or any investments to such new Owner
         Trust Account. The Indenture Trustee, at the direction of the
         Administrator, shall make withdrawals from the Owner Trust Accounts
         from time to time, in the amounts and for the purposes set forth in
         the Indenture.

              Funds on deposit in the Owner Trust Spread Account shall be
invested at the direction of the Administrator by the Indenture Trustee or
the Paying Agent in Permitted Investments. The Indenture Trustee shall
maintain for the benefit of the Noteholders and the Series Certificateholder
possession of the negotiable instruments or securities, if any, evidencing
such Permitted Investments. No Permitted Investment shall be disposed of
prior to its maturity.

              To the extent so instructed by the Administrator on any
Transfer Date, the Indenture Trustee or the Paying Agent shall, if the amount
on deposit in the Owner Trust Spread Account is greater than the Required
Owner Trust Spread Account Amount for such Transfer Date, pay the amount of
such excess to the Certificateholder pursuant to the Indenture.

              SECTION 4.2  Records.  The Administrator shall maintain
appropriate books of account and records relating to services performed
hereunder, which books of account and records shall be accessible for
inspection by the Issuer, the Owner Trustee, the Indenture Trustee and the
Depositor at any time during normal business hours.

              SECTION 4.3  [Reserved]

              SECTION 4.4  Additional Information To Be Furnished to Issuer.
The Administrator shall furnish to the Issuer from time to time such
additional information regarding the Collateral as the Issuer shall
reasonably request, including notification of Noteholders pursuant to Section
4.1(a) hereof.

              SECTION 4.5  Independence of Administrator.  For all purposes
of this Agreement, the Administrator shall be an independent contractor and
shall not be subject to the supervision of the Issuer or the Owner Trustee
with respect to the manner in which it accomplishes the performance of its
obligations hereunder. Unless expressly authorized by the Issuer or the Owner

                                     -13-

<PAGE>

Trustee, as the case may be, the Administrator shall have no authority to act
for or represent the Issuer or the Owner Trustee in any way and shall not
otherwise be deemed an agent of the Issuer or the Owner Trustee.

              SECTION 4.6  No Joint Venture. Nothing contained in this
Agreement shall (i) constitute the Administrator and either of the Issuer or
the Owner Trustee as members of any partnership, joint venture, association,
syndicate, unincorporated business or other separate entity, (ii) be
construed to impose any liability as such on any of them or (iii) be deemed
to confer on any of them any express, implied or apparent authority to incur
any obligation or liability on behalf of the others.

              SECTION 4.7  Other Activities of Administrator.  (a)  Nothing
herein shall prevent the Administrator or its affiliates from engaging in
other businesses or, in its sole discretion, from acting in a similar
capacity as an administrator for any other person or entity even though such
person or entity may engage in business activities similar to those of the
Issuer, the Owner Trustee or the Indenture Trustee.

                   (b)  The Administrator and its affiliates may generally
         engage in any kind of business with any person party to a Basic
         Document, any of its affiliates and any person who may do business
         with or own securities of any such person or any of its affiliates,
         without any duty to account therefor to the Issuer, the Owner Trustee
         or the Indenture Trustee.

              SECTION 4.8  Net Deposits.  As an administrative convenience,
so long as Chase USA is the Administrator and the Certificateholder, the
Administrator will be permitted to make the deposit of amounts with respect
to the Series Certificate for or with respect to any Monthly Period net of
distributions to be made to the Certificateholder with respect to such
Monthly Period. The Administrator, however, will account to the Owner
Trustee, the Indenture Trustee and the Noteholders as if the amounts paid to
the Certificateholder were paid pursuant to the Indenture.

                                   ARTICLE V

                                  TERMINATION

              SECTION 5.1  Term of Agreement; Resignation and Removal of
Administrator. This Agreement shall continue in force until (i) the
termination of the Issuer and (ii) the satisfaction and discharge of the
Indenture in accordance with Section 4.1 of the Indenture, upon which event
this Agreement shall automatically terminate.

                                     -14-

<PAGE>

                   (a)  Subject to subsections 5.1(d) and (e), the
         Administrator may resign its duties hereunder by providing the Issuer
         and the Owner Trustee with at least 60 days' prior written notice.

                   (b)  Subject to subsections 5.1(d) and (e), the Issuer may
         remove the Administrator without cause by providing the Administrator
         with at least 60 days' prior written notice; provided however, that
         if any Notes are outstanding at the time of the removal, the Rating
         Agency Condition shall have first been satisfied in connection with
         such removal.

                   (c)  Subject to subsections 5.1(d) and (e), at the sole
         option of the Issuer, the Administrator may be removed immediately
         upon written notice of termination from the Issuer to the
         Administrator if any of the following events shall occur:

                        (i)     the Administrator shall default in the
              performance of any of its duties under this Agreement and,
              after notice of such default, shall not cure such default
              within 10 days (or, if such default cannot be cured in such
              time, shall not give within ten days such assurance of cure as
              shall be reasonably satisfactory to the Issuer);

                        (ii)    a court having jurisdiction in the premises
              shall enter a decree or order for relief, and such decree or
              order shall not have been vacated within 60 days, in respect of
              the Administrator in any involuntary case under any applicable
              bankruptcy, insolvency or other similar law now or hereafter in
              effect or appoint a receiver, liquidator, assignee, custodian,
              trustee, sequestrator or similar official for the Administrator
              or any substantial part of its property or order the winding-up
              or liquidation of its affairs; or

                        (iii)   the Administrator shall commence a voluntary
              case under any applicable bankruptcy, insolvency or other
              similar law now or hereafter in effect, shall consent to the
              entry of an order for relief in an involuntary case under any
              such law, or shall consent to the appointment of a receiver,
              liquidator, assignee, trustee, custodian, sequestrator or
              similar official for the Administrator or any substantial part
              of its property, shall consent to the taking of possession by
              any such official of any substantial part of its property,
              shall make any general assignment for the benefit of creditors
              or shall fail generally to pay its debts as they become due.

              The Administrator agrees that if any of the events specified in
clause (ii) or (iii) of this subsection 5.1(c) shall occur, it shall give

                                     -15-

<PAGE>

written notice thereof to the Issuer, the Owner Trustee and the Indenture
Trustee within seven days after the happening of such event.

                   (d)  No resignation or removal of the Administrator
         pursuant to this Section shall be effective until (i) a successor
         Administrator shall have been appointed by the Issuer and (ii) such
         successor Administrator shall have agreed in writing to be bound by
         the terms of this Agreement in the same manner as the Administrator
         is bound hereunder.

                   (e)  The appointment of any successor Administrator shall
         be effective only after the satisfaction of the Rating Agency
         Condition with respect thereto.

                   (f)  A successor Administrator shall execute, acknowledge
         and deliver a written acceptance of its appointment hereunder to the
         resigning Administrator and to the Issuer. Thereupon the resignation
         or removal of the resigning Administrator shall become effective, and
         the successor Administrator shall have all the rights, powers and
         duties of the Administrator under the Indenture. The successor
         Administrator shall mail a notice of its succession to the
         Noteholders and the Certificateholder. The resigning Administrator
         shall promptly transfer or cause to be transferred all property and
         any related agreements, documents and statements held by it as
         Administrator to the successor Administrator and the resigning
         Administrator shall execute and deliver such instruments and do other
         things as may reasonably be required for fully and certainly vesting
         in the successor Administrator all rights, powers, duties and
         obligations hereunder.

                   (g)  In no event shall a resigning Administrator be liable
         for the acts or omissions of any successor Administrator hereunder.

                   (h)  In the exercise or administration of its duties
         hereunder and under the other Basic Documents, the Administrator may
         act directly or through its agents or attorneys pursuant to
         agreements entered into with any of them, and the Administrator shall
         not be liable for the conduct or misconduct of such agents or
         attorneys if such agents or attorneys shall have been selected by the
         Administrator with due care.

              SECTION 5.2  Action upon Termination, Resignation or Removal.
Promptly upon the effective date of termination of this Agreement pursuant to
subsection 5.1(a) or the resignation or removal of the Administrator pursuant
to subsection 5.1(b) or (c), respectively, the Administrator shall be
entitled to be paid all fees and reimbursable expenses accruing to it to the
date of such termination, resignation or removal. The Administrator shall

                                     -16-

<PAGE>

forthwith upon termination pursuant to subsection 5.1(a) deliver to the
Issuer all property and documents of or relating to the Collateral then in
the custody of the Administrator. In the event of the resignation or removal
of the Administrator pursuant to subsection 5.1(b) or (c), respectively, the
Administrator shall cooperate with the Issuer and take all reasonable steps
requested to assist the Issuer in making an orderly transfer of the duties of
the Administrator.

              SECTION 5.3  Acquisition of Owner Trust Estate.  If Chase USA
exercises its option to accept retransfer of the Series Certificate pursuant
to Section 4 of the Series Supplement, the Depositor shall (a) acquire the
Series Certificate and all rights related thereto, which acquisition shall be
effective as of the date on which such retransfer occurs, (b) deliver notice
of such acquisition to the Indenture Trustee on or prior to the related
Transfer Date, (c) deposit, on its own behalf and on behalf of the Issuer
pursuant to Section 10.1 of the Indenture, in the Note Distribution Account
on or prior to the related Transfer Date, an amount equal to the Redemption
Price and (d) succeed to all interests in and to the Issuer.

                                  ARTICLE VI

                                 MISCELLANEOUS

              SECTION 6.1  Notices. Any notice, report or other communication
given hereunder shall be in writing and addressed as follows:

              if to the Issuer or the Owner Trustee, to

                   Chase Credit Card Owner Trust 2000-3
                   c/o Wilmington Trust Company
                   Rodney Square North
                   1100 North Market Street
                   Wilmington, DE 19890-0001
                   Attention: Corporate Trust Administration

              with a copy to:

                   Richards, Layton & Finger
                   One Rodney Square
                   Wilmington, DE 19899
                   Attention: Eric Mazie

              if to the Administrator, to

                   Chase Manhattan Bank USA, National Association
                   802 Delaware Avenue, 14th Floor

                                     -17-

<PAGE>

                   Wilmington, DE 19801
                   Attention: Patricia M. Garvey

              if to the Indenture Trustee, to

                   The Bank of New York
                   101 Barclay Street, Fl. 12 East
                   New York, New York 10286
                   Attention: Corporate Trust Administration

or to such other address as any party shall have provided to the other
parties in writing. Any notice required to be in writing hereunder shall be
deemed given if such notice is mailed by certified mail, postage prepaid, or
hand-delivered to the address of such party as provided above, except that
notices to the Indenture Trustee are effective only upon receipt.

              SECTION 6.2  Amendments.  This Agreement may be amended from
time to time by a written amendment duly executed and delivered by the
Issuer, the Administrator and the Depositor, with the written consent of the
Indenture Trustee and without the consent of the Noteholders or the
Certificateholder, for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of the Noteholders or the
Certificateholder; provided, however, that a copy thereof shall have been
delivered to the Note Rating Agencies and that such amendment will not (i) as
evidenced by an Officer's Certificate of the Depositor addressed and
delivered to the Owner Trustee and the Indenture Trustee, materially and
adversely affect the interests of any Noteholder or the Certificateholder and
(ii) as evidenced by an Opinion of Counsel addressed to the Owner Trustee and
the Indenture Trustee, cause the Issuer to be classified as an association
(or a publicly traded partnership) taxable as a corporation for federal
income tax purposes. This Agreement may also be amended by the Issuer, the
Administrator and the Depositor with the written consent of the Indenture
Trustee and the Holders of Notes evidencing a majority in the Outstanding
Amount of the Notes for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of Noteholders or the Certificateholder;
provided, however, that, a copy thereof shall have been delivered to the Note
Rating Agencies and that without the consent of the holders of all of the
Notes then Outstanding, no such amendment may (i) increase or reduce in any
manner the amount of, or accelerate or delay the timing of, collections of
payments on the Series Certificate or distributions that are required to be
made for the benefit of the Noteholders or (ii) reduce the aforesaid
percentage of the Holders of Notes which are required to consent to any such
amendment, without the consent of the Holders of all the Outstanding Notes.

                                     -18-

<PAGE>

              It shall not be necessary for the consent of Noteholders
pursuant to this Section to approve the particular form of any proposed
amendment or consent, but it shall be sufficient if such consent shall
approve the substance thereof.

              SECTION 6.3  Protection of Title to Owner Trust.

                   (a)  The Depositor shall take all actions necessary and
         the Issuer shall cooperate with the Depositor, if applicable, to
         perfect, and maintain perfection of, the interests of the Issuer in
         the Series Certificate. The Depositor shall execute and file and
         cause to be executed and filed such financing statements and
         continuation statements, all in such manner and in such places as may
         be required by law fully to perfect, maintain, and protect the
         interest of the Issuer in the Series Certificate and in the proceeds
         thereof and the interest of the Indenture Trustee in the Owner Trust
         Estate and the proceeds thereof. The Depositor shall deliver (or
         cause to be delivered) to the Owner Trustee and the Indenture Trustee
         file-stamped copies of, or filing receipts for, any document filed as
         provided above, as soon as available following such filing.

                   (b)  The Depositor shall not change its name, identity or
         corporate structure in any manner that would, could or might make any
         financing statement or continuation statement filed in accordance
         with paragraph (a) above or otherwise seriously misleading within the
         meaning of 9-402(7) of the UCC (regardless of whether such a filing
         was ever made), unless it shall have given the Owner Trustee and the
         Indenture Trustee at least five days' prior written notice thereof
         and, if applicable, shall have timely filed appropriate amendments to
         any and all previously filed financing statements or continuation
         statements (so that the interest of the Issuer or the Indenture
         Trustee is not adversely affected).

                   (c)  Each of the Depositor and the Administrator shall
         have an obligation to give the Owner Trustee and the Indenture
         Trustee at least 60 days' prior written notice of any relocation of
         its principal executive office if, as a result of such relocation,
         the applicable provisions of the UCC would require the filing of any
         amendment of any previously filed financing or continuation statement
         or of any new financing statement (regardless of whether such a
         filing was ever made) and shall promptly, if applicable, file any
         such amendment.

                   (d)  The Administrator shall permit the Indenture Trustee
         and its agents at any time following reasonable notice and during
         normal business hours to inspect, audit and make copies of and

                                     -19-

<PAGE>

         abstracts from the Administrator's records regarding the Series
         Certificate.

                   (e)  The Administrator shall, to the extent required by
         applicable law, cause the Notes to be registered with the Commission
         pursuant to Section 12(b) or Section 12(g) of the Exchange Act within
         the time periods specified in such sections.

              SECTION 6.4  Successors and Assigns.  This Agreement may not be
assigned by the Administrator unless such assignment is previously consented
to in writing by the Issuer and the Owner Trustee and subject to satisfaction
of the Rating Agency Condition with respect thereto. An assignment with such
consent and satisfaction, if accepted by the assignee, shall bind the
assignee hereunder in the same manner as the Administrator is bound
hereunder. Notwithstanding the foregoing, this Agreement may be assigned by
the Administrator without the consent of the Issuer or the Owner Trustee to a
corporation or other organization that is a successor (by merger,
consolidation or purchase of assets) to the Administrator, provided that such
successor organization executes and delivers to the Issuer, the Owner Trustee
and the Indenture Trustee an agreement in which such corporation or other
organization agrees to be bound hereunder by the terms of said assignment in
the same manner as the Administrator is bound hereunder. Subject to the
foregoing, this Agreement shall bind any successors or assigns of the parties
hereto.

              SECTION 6.5  GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK.

              SECTION 6.6  Headings.  The section headings hereof have been
inserted for convenience of reference only and shall not be construed to
affect the meaning, construction or effect of this Agreement.

              SECTION 6.7  Counterparts.  This Agreement may be executed in
counterparts, each of which when so executed shall together constitute but
one and the same agreement.

              SECTION 6.8  Severability.  Any provision of this Agreement
that is prohibited or unenforceable in any jurisdiction shall be ineffective
to the extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.

              SECTION 6.9  Not Applicable to Chase Manhattan Bank USA,
National Association in Other Capacities.  Nothing in this Agreement shall

                                     -20-

<PAGE>

affect any obligation Chase Manhattan Bank USA, National Association may have
in any other capacity.

              SECTION 6.10  Limitation of Liability of Owner Trustee,
Indenture Trustee and Administrator.  (a)  Notwithstanding anything contained
herein to the contrary, this instrument has been signed by Wilmington Trust
Company not in its individual capacity but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2000-3 and in no event shall Wilmington Trust
Company in its individual capacity or any beneficial owner of the Issuer have
any liability for the representations, warranties, covenants, agreements or
other obligations of the Issuer hereunder, as to all of which recourse shall
be had solely to the assets of the Issuer.

              (b)  Notwithstanding anything contained herein to the contrary,
this Agreement has been signed by The Bank of New York, not in its individual
capacity but solely as Indenture Trustee, and in no event shall The Bank of
New York have any liability for the representations, warranties, covenants,
agreements or other obligations of the Issuer hereunder or in any of the
certificates, notices or agreements delivered pursuant hereto, as to all of
which recourse shall be had solely to the assets of the Issuer.

              (c)  No recourse under any obligation, covenant or agreement of
the Issuer contained in this Agreement shall be had against any agent of the
Issuer (including the Administrator) as such by the enforcement of any
assessment or by any legal or equitable proceeding, by virtue of any statute
or otherwise; it being expressly agreed and understood that this Agreement is
solely an obligation of the Issuer as a Delaware common law trust, and that
no personal liability whatever shall attach to or be incurred by any agent of
the Issuer (including the Administrator), as such, under or by reason of any
of the obligations, covenants or agreements of the Issuer contained in this
Agreement, or implied therefrom, and that any and all personal liability for
breaches by the Issuer of any such obligations, covenants or agreements,
either at common law or at equity, or by statute or constitution, of every
such agent is hereby expressly waived as a condition of and in consideration
for the execution of this Agreement.

              SECTION 6.11  Third-Party Beneficiary.  Each of the Owner
Trustee and the Indenture Trustee is a third-party beneficiary to this
Agreement and is entitled to the rights and benefits hereunder and may
enforce the provisions hereof as if it were a party hereto. The Administrator
agrees to compensate and indemnify the Indenture Trustee pursuant to Section
6.7 of the Indenture.

              SECTION 6.12  Nonpetition Covenants.

                   (a)  Notwithstanding any prior termination of this
         Agreement, the Depositor shall not at any time with respect to the

                                     -21-

<PAGE>

         Issuer or the Master Trust, acquiesce, petition or otherwise invoke
         or cause the Issuer or the Master Trust to invoke the process of any
         court or government authority for the purpose of commencing or
         sustaining a case against the Issuer or the Master Trust under any
         Federal or state bankruptcy, insolvency or similar law or appointing
         a receiver, conservator, liquidator, assignee, trustee, custodian,
         sequestrator or other similar official of the Issuer or the Master
         Trust or any substantial part of its property, or ordering the
         winding up or liquidation of the affairs of the Issuer or the Master
         Trust; provided, however, that this subsection 6.12(a) shall not
         operate to preclude any remedy described in Article V of the
         Indenture.

                   (b)  Notwithstanding any prior termination of this
         Agreement, the Issuer shall not at any time with respect to the
         Master Trust, acquiesce, petition or otherwise invoke or cause the
         Master Trust to invoke the process of any court or government
         authority for the purpose of commencing or sustaining a case against
         the Master Trust under any Federal or state bankruptcy, insolvency or
         similar law or appointing a receiver, conservator, liquidator,
         assignee, trustee, custodian, sequestrator or other similar official
         of the Master Trust or any substantial part of its property, or
         ordering the winding up or liquidation of the affairs of the Master
         Trust; provided, however, that this subsection 6.12(b) shall not
         operate to preclude any remedy described in Article V of the
         Indenture.

              SECTION 6.13  Liability of Administrator.  Notwithstanding any
provision of this Agreement, the Administrator shall not have any obligations
under this Agreement other than those specifically set forth herein, and no
implied obligations of the Administrator shall be read into this Agreement.
Neither the Administrator nor any of its directors, officers, agents or
employees shall be liable for any action taken or omitted to be taken in good
faith by it or them under or in connection with this Agreement, except for
its or their own gross negligence or willful misconduct and in no event shall
the Administrator be liable under or in connection with this Agreement for
indirect, special, or consequential losses or damages of any kind, including
lost profits, even if advised of the possibility thereof and regardless of
the form of action by which such losses or damages may be claimed. Without
limiting the foregoing, the Administrator may (a) consult with legal counsel
(including counsel for the Issuer), independent public accountants and other
experts selected by it and shall not be liable for any action taken or
omitted to be taken in good faith by it in accordance with the advice of such
counsel, accountants or experts and (b) shall incur no liability under or in
respect of this Agreement by acting upon any notice (including notice by
telephone), consent, certificate or other instrument or writing (which may be

                                     -22-

<PAGE>

by facsimile) believed by it to be genuine and signed or sent by the proper
party or parties.

                                     -23-

<PAGE>

              IN WITNESS WHEREOF, the parties have caused this Agreement to
be duly executed and delivered as of the day and year first above written.

                        CHASE CREDIT CARD OWNER TRUST 2000-3

                        By: WILMINGTON TRUST COMPANY
                        not in its individual capacity but solely
                        as Owner Trustee

                          By:
                             -------------------------------------
                             Name:
                             Title:

                          CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
                          as Administrator

                          By:
                             -------------------------------------
                             Name:
                             Title:

                          Acknowledged and Agreed:
                          THE BANK OF NEW YORK
                          not in its individual capacity
                          but solely as Indenture Trustee

                          By:
                             -------------------------------------
                             Name:
                             Title:

                                     -24-

<PAGE>

                                                                     EXHIBIT A
                                                   [Form of Power of Attorney]

                               POWER OF ATTORNEY

STATE OF NEW YORK         )
                          )
COUNTY OF NEW YORK        )

         KNOW ALL MEN BY THESE PRESENTS, that WILMINGTON TRUST COMPANY, a
Delaware banking corporation, not in its individual capacity but solely as
owner trustee ("Owner Trustee") for the Chase Credit Card Owner Trust 2000-3
("Trust"), does hereby make, constitute and appoint CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION as Administrator under the Administration Agreement (as
defined below), and its agents and attorneys, as Attorneys-in-Fact to execute
on behalf of the Owner Trustee or the Trust all such documents, reports,
filings, instruments, certificates and opinions as it shall be the duty of
the Owner Trustee or the Trust to prepare, file or deliver pursuant to the
Basic Documents (as defined in the Indenture dated as of October 3, 2000
between the Trust and the Bank of New York, as Indenture Trustee), including,
without limitation, to appear for and represent the Owner Trustee and the
Trust in connection with the preparation, filing and audit of federal, state
and local tax returns pertaining to the Trust, and with full power to perform
any and all acts associated with such returns and audits that the Owner
Trustee could perform, including without limitation, the right to distribute
and receive confidential information, defend and assert positions in response
to audits, initiate and defend litigation, and to execute waivers of
restriction on assessments of deficiencies, consents to the extension of any
statutory or regulatory time limit, and settlements. For the purpose of this
Power of Attorney, the term "Administration Agreement" means the Deposit and
Administration Agreement dated as of October 3, 2000 among Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Trust and Chase Manhattan Bank USA, National Association, as Administrator,
and acknowledged and agreed by The Bank of New York, as Indenture Trustee, as
such may be amended from time to time.

         All powers of attorney for this purpose heretofore filed or executed
by the Owner Trustee are hereby revoked.

         EXECUTED this 3rd day of October, 2000.

                                  WILMINGTON TRUST COMPANY
                                  not in its individual capacity
                                  but solely as Owner Trustee
                                  for the Chase Credit Card Owner
                                  Trust 2000-3

                                  By:
                                     -------------------------------------
                                     Name:
                                     Title:

                                     -25-

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