Document:

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                                                                  Exhibit 10.19

                              ENGAGEMENT AGREEMENT

April  __, 2004

Strategic Hotel Capital LLC
[Address]
Chicago, Illinois [Zip]
Attention:  Mr. Laurence Geller

         RE:  Advisory Services

Dear Mr. Geller:

This will confirm the understanding and agreement (the "Agreement") between
Prudential Investment Management, Inc. ("PIM") and Strategic Hotel Capital LLC
(the "Company") as follows:

1.       Scope of Engagement

         The Company hereby engages PIM to perform financial advisory services
         (as described on Schedule I attached hereto) in connection with the
         possible sale, whether public or private, by the Company of equity or
         not less than 25% of the Company's real property assets (as reasonably
         determined by re-buy values), in either case for cash, property,
         securities or other assets (a "Transaction").

2.       Company's and Management's Responsibilities, Representations and
         Warranties

         In connection with PIM's engagement, the Company will furnish to PIM
         all information concerning the Company that PIM reasonably requests and
         will provide PIM with access to the Company's officers, directors,
         accountants, counsel and other advisors. The Company represents and
         warrants to PIM that (a) all such information concerning the Company
         will be true and accurate in all material respects and will not contain
         any untrue statement of a material fact or omit to state a material
         fact necessary in order to make the statements therein not misleading
         in light of the circumstances under which such statements were made and
         (b) any forecasts or other forward looking information provided to PIM
         represent the best currently available estimates by the Company of the
         future financial performance by the Company (or its business) and are
         based upon facts and assumptions which the Company believes to be
         reasonable. The Company further acknowledges and agrees that PIM, in
         providing its services, will be using and relying upon such information
         supplied by the Company relating to the Company, agents and any other
         publicly available information concerning the business of the Company
         and any proposed Transaction without any independent investigation or
         verification thereof or independent appraisal by PIM of the Company or
         its business or assets.

3.       Compensation

         As compensation for the services to be rendered by PIM hereunder, the
         Company hereby agrees to pay PIM One Million Dollars ($1,000,000)
         promptly upon consummation of a Transaction.

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 4.      Indemnification

         Because PIM will be acting for the benefit of the Company in connection
         with this engagement, the Company agrees to indemnify PIM and certain
         other persons as set forth in the separate Indemnification Agreement
         attached hereto (the "Indemnification Agreement"). Notwithstanding
         anything to the contrary contained herein, no shareholder or director
         of the Company or any of their affiliates shall have any liability
         under this agreement, all such persons being third-party beneficiaries
         of this sentence, entitled to enforce it in accordance with its terms.

5.       Disclosure to Third Parties

         Except as otherwise required by law or court order, any advice to be
         provided by PIM under this Agreement shall not be publicly disclosed or
         made available to third parties, other than to the Company's employees,
         agents, advisors and representatives on an as need basis, without PIM's
         prior written consent, nor may PIM be otherwise publicly referred to
         without its prior written consent.

         No party hereto will issue any press release or make any other public
         announcement relating to this Agreement without the prior written
         consent of the other party hereto, except that any party may make any
         disclosure required to be made by it under applicable law (including
         the federal securities laws) or stock exchange rules if in the
         reasonable opinion of such party's counsel it is necessary and
         appropriate to do so and such party gives prior notice to the other
         party hereto; provided, however, that the content of such disclosure
         shall be subject to the other party's approval, which shall not be
         unreasonably delayed or withheld.

6.       Successors and Assigns

         The benefits of this Agreement shall, together with the separate
         Indemnification Agreement, inure to the benefit of respective
         successors and permitted assigns of the parties hereto and of the
         indemnified parties hereunder and thereunder and their respective
         successors, permitted assigns and representatives, and the obligations
         and liabilities assumed in this Agreement by the parties hereto shall
         be binding upon their respective successors and assigns.

7.       Other Terms and Conditions

         The Company represents and warrants to PIM that this Agreement does not
         breach, or conflict with, or constitute a default under, any other
         agreement, contact, arrangement or understanding, oral or written, to
         which the Company is a party or by which its assets are bound.

8.       Brokers

         The Company represents and warrants to PIM that, other than Goldman
         Sachs, there are no brokers, representatives or other persons that have
         an interest in compensation by reason of any activity of the Company in
         connection with any Transaction contemplated herein.

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9.       Governing Law; Waiver of Jury Trial

                  (a)      Neither this Agreement nor the Indemnification
                           Agreement referred to above may be amended or
                           modified except in writing signed by the party
                           against which enforcement is sought and shall be
                           governed by and construed in accordance with the laws
                           of the State of New Jersey without regard to
                           principles of conflicts of laws.

                  (b)      EACH OF PIM AND THE COMPANY (ON ITS OWN BEHALF AND,
                           TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF
                           OF ITS OFFICERS, DIRECTORS, SHAREHOLDERS OR MEMBERS)
                           WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
                           CLAIM, SUIT, PROCEEDING OR COUNTERCLAIM (WHETHER
                           BASED UPON CONTRACT, TORT OR OTHERWISE) RELATED TO OR
                           ARISING OUT OF THE ENGAGEMENT OF PIMS PURSUANT TO, OR
                           THE PERFORMANCE BY PIMS OF, THE SERVICES CONTEMPLATED
                           BY, THIS AGREEMENT.

10.      Authority

         The undersigned represents that his execution and delivery of this
         Agreement and the Indemnification Agreement on behalf of the Company
         are duly authorized by all necessary corporate action.

11.      Term of Engagement

         PIM's engagement hereunder will commence upon the execution by the
         Company of this Agreement and will expire upon the consummation of a
         Transaction.

12.      Complete Agreement; Counterparts

         This Ageement and the Indemnification Agreement contain the complete
         agreement of the parties with respect to the subject matter contained
         herein and supersedes any and all previous agreements, if any, entered
         into between the parties, pertaining to the services to be provided by
         PIM to the Company described herein. There are no covenants, promises,
         agreement, representations, inducements, conditions or understandings,
         either oral or written, between the Company and PIM which pertain to
         such services other than those set forth in this Agreement and the
         Indemnification Agreement.

         This Agreement may be executed in one or more counterparts, all of
         which shall be considered one and the same agreement and shall become
         effective when one or more of such counterparts have been signed by
         each of the parties and delivered to each of the other parties.

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         PIM is delighted to accept this engagement and looks forward to working
with you on this assignment. Please confirm that the foregoing correctly sets
forth our agreement by signing the enclosed duplicate of this letter in the
space provided and returning it, whereupon this letter shall constitute a
binding agreement as of the date first above written.

                                      PRUDENTIAL INVESTMENT MANAGEMENT, INC.,

                                      By: _________________________________
                                          Name:
                                          Title:

AGREED TO AND ACCEPTED:

STRATEGIC HOTEL CAPITAL, LLC

By: __________________________________
    Name:
    Title:

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                                   SCHEDULE I

                                ADVISORY SERVICES

o    Review, in consultation with the Company and Goldman Sachs, a study and
     analysis of the business operations, financial condition and prospects of
     the Company;

o    Review with the Company and Goldman Sachs an analysis of the real estate
     capital markets;

o    Review with the Company and Goldman Sachs its financial plans and analyze
     its strategic plans and business alternatives;

o    Continue to update, as appropriate, and maintain its knowledge of the
     Company's business, operations, financial condition and prospects during
     the period of this engagement;

o    Make PIM staff available to meet with the Company's Board of Directors as
     necessary to discuss strategic alternatives and their financial
     implications; and

o    Advise and assist the Company on all aspects of its contemplated plan to
     consummate an Initial Public Offering for some its assets and restructure
     the remaining assets into a private company. Advise and assist the Company
     on any other plans to sell equity or more than 25% of its property assets
     (based on approved re-buy values) in exchange for cash, property,
     securities or other assets.

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                            INDEMNIFICATION AGREEMENT

April __, 2004

PRUDENTIAL INVESTMENT MANAGEMENT, INC.
8 Campus Drive
Parsippany, New Jersey 07054

Ladies and Gentlemen:

         In connection with the engagement agreement, dated the date hereof,
between Prudential Investment Management, Inc. ("PIM") and Strategic Hotel
Capital, LLC (the "Company"), the Company agrees to indemnify and hold harmless
PIM and its affiliates, their respective directors, officers, controlling
persons (within the meaning of Section 15 of the Securities Act of 1933, as
amended, or Section 20(a) of the Securities Exchange Act of 1934, as amended),
if any, agents and employees (collectively, "Indemnified Persons" and
individually, an "Indemnified Person") from and against any and all actions,
claims, suits, proceedings, liabilities, losses, damages and expenses incurred,
joint or several (collectively, "Claims"), by any Indemnified Person (including
reasonable fees and disbursements of one counsel for PIM and the Indemnified
Persons ) which are related to or arise from PIM's engagement by the Company
under that engagement agreement dated as of the date hereof, including Claims
that relate to or arise from any actions taken or omitted to be taken (including
any untrue or alleged untrue statements made or any statements omitted or
alleged to be omitted) by the Company or which relate to or arise from
securities laws or any other law or legal theory, and will reimburse PIM and any
other Indemnified Person for all reasonable costs and expenses (including
reasonable fees and disbursements of one counsel for PIM and the Indemnified
Persons), as they are incurred, in connection with investigating, preparing for,
providing depositions for, testifying in or defending any such action or claim,
formal or informal, investigation, inquiry or other proceeding, whether or not
in connection with pending or threatened litigation, whether or not PIM or any
Indemnified Person is named as a party thereto and whether or not any liability
results therefrom, in each case related to or arising from the foregoing
(collectively, "Costs"). Notwithstanding the foregoing, the Company will not,
however, be responsible for any Claims or Costs which are found in a final
judgment by a court of competent jurisdiction (not subject to further appeal) to
have resulted directly and primarily from PIM and/or an Indemnified Person's
gross negligence or willful misconduct.

         The Company agrees that neither PIM nor any other Indemnified Person
shall have any liability to the Company for or in connection with such
engagement except liability for Claims and/or Costs which are found in a final
judgment by a court of competent jurisdiction (not subject to further appeal) to
have resulted directly and primarily from PIM's and/or an Indemnified Person's
gross negligence or willful misconduct. Promptly after receipt by an Indemnified
Person of notice of any Claim or the commencement of any action that could give
rise to Costs, such Indemnified Person will, if a Claim in respect thereof is to
be made against the Company under this Indemnification Agreement, notify the
Company thereof; but the omission so to notify the Company will not relieve the
Company from any liability which the Company may have to any Indemnified Person
otherwise. In case any such action is brought against any Indemnified Person and
it notifies the Company of the commencement thereof, the Company will be
entitled to participate therein and to assume the defense thereof, with counsel
satisfactory to the Company and the Indemnified Person (who shall not, except
with the consent of the Indemnified Person, be counsel to the Indemnified
Person), and after notice from the Company to such Indemnified Person of its
election so to assume the defense thereof, the Company will not be liable to
such Indemnified Person under this section for any legal or other expenses
subsequently incurred by such Indemnified Person in connection with the defense
thereof other than reasonable costs of investigation. The Company shall not,
without the prior written consent of the Indemnified Person, effect any
settlement of any pending or threatened action in respect of which any
Indemnified Person is or could have been a party and indemnity could have been
sought hereunder by such Indemnified Person unless such settlement includes an
unconditional release of such Indemnified Person from all liability on any
claims that are the subject matter of such action. An Indemnified Person shall
not be required to give such prior written consent with respect to, and without
such consent the Company shall not enter into, any such settlement or compromise
that imposes any material obligation on the Indemnified Person or any other
Indemnified Person or contains any admission of culpability on the part of PIM
or any Indemnified Person.

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         In order to provide for just and equitable contribution, if a demand
for indemnification or reimbursement for Claims or Costs is made pursuant to
these provisions but is not available for any reason, then the Company, on the
one hand, and PIM, on the other hand, shall contribute to such Claims or Costs
for which such indemnification or reimbursement is held unavailable in such
proportion as is appropriate to reflect the relative benefits to the Company, on
the one hand, and PIM and/or an Indemnified Person on the other hand, in
connection with the transaction or transactions from which the Claims or Costs
in question arose. The relative benefits received by the Company, on the one
hand, and by PIM and/or an Indemnified Person, on the other hand, shall be
deemed to be in the same proportion as the value (before deducting expenses) of
the consideration received by the Company or its shareholders or comparable
equity owners, as the case may be, in connection with the transaction or
transactions from which the Claims or Costs in question arose bears to the total
fees actually received by PIM and/or an Indemnified Person in connection
therewith. If the allocation provided by the foregoing sentence is not permitted
by applicable law, then such allocation shall be based not only on such relative
benefits determined as aforesaid but also on the relative fault of the Company,
on the one hand, and PIM and/or an Indemnified Person, on the other, as well as
any other relevant equitable considerations. The relative fault of the parties
shall be determined by reference to, among other things, the parties' relative
intents, knowledge, access to information and, if applicable, whether any untrue
or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company
or by PIM and/or an Indemnified Person, and any other equitable considerations
appropriate in the circumstances. Any such contribution shall be subject to the
limitation that in any event PIM's and/or an Indemnified Person's aggregate
contribution to all Claims or Costs for which contribution is available
hereunder shall not exceed the amount of fees actually received by PIM pursuant
to the particular engagement relating to the transaction or transactions from
which the Claims or Costs in question arose.

         The foregoing rights to indemnity, reimbursement and contribution shall
be in addition to any rights that PIM and/or any Indemnified Person may have at
common law or otherwise. The Company hereby consents to personal jurisdiction,
service of process and venue in any court in which any Claim which is subject to
this Indemnification Agreement is brought against PIM or any Indemnified Person.

         EACH OF PIM AND EACH INDEMNIFIED PERSON AND THE COMPANY (ON ITS OWN
BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS
SHAREHOLDERS) WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, CLAIM, SUIT,
PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE)
RELATING TO OR ARISING OUT OF THIS INDEMNIFICATION AGREEMENT.

         In connection with PIM's engagement of even date herewith, PIM may also
be engaged to act for the Company in one or more additional capacities. The
terms of any such engagement may be embodied in one or more separate written
agreements, and the terms of any indemnification rights shall be addressed in
such other agreements.

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         The benefits of this Indemnification Agreement shall inure to the
respective successors and permitted assigns of the parties hereto and of the
Indemnified Persons hereunder and their successors, permitted assigns and
representatives, and the obligations and liabilities assumed in this
Indemnification Agreement by the parties hereto shall be binding upon their
respective successors and permitted assigns. This Indemnification Agreement may
not be assigned without the prior written consent of the nonassigning party (or
parties).

         Notwithstanding anything to the contrary contained herein, no
shareholder or trustee of the Company or any of their affiliates shall have any
liability under this agreement, all such persons being third-party beneficiaries
of this sentence, entitled to enforce it in accordance with its terms.

         This Indemnification Agreement may not be amended or modified except in
a writing signed by the Party hereto against which enforcement of this
Indemnification Agreement is sought and shall be governed by and construed in
accordance with the laws of the State of New Jersey, without regard to the
principles of conflicts of laws.

                                          Very truly yours,

                                          STRATEGIC HOTEL CAPITAL, LLC

                                          By: _______________________________
                                              Name:
                                              Title:

Accepted and agreed as of the
date first above written:

PRUDENTIAL INVESTMENT MANAGEMENT, INC.

By: _______________________
    Name:
    Title:

                                       3<PAGE>

                                                                    Exhibit 10.1

         ASSIGNMENT No. 31 OF RECEIVABLES IN ADDITIONAL ACCOUNTS, (this
"Assignment") dated as of June 1, 2004, by and between CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION, a national banking corporation organized and existing
under the laws of the United States of America ("Chase USA"), and THE BANK OF
NEW YORK, a banking corporation organized and existing under the laws of the
State of New York (the "Trustee") pursuant to the Pooling and Servicing
Agreement referred to below.

                              W I T N E S S E T H:

         WHEREAS, Chase USA, as Transferor on and after June 1, 1996, JPMorgan
Chase Bank, as Transferor prior to June 1, 1996 and as Servicer, and the Trustee
are parties to the Third Amended and Restated Pooling and Servicing Agreement,
dated as of November 15, 1999, as amended by the First Amendment thereto dated
as of March 31, 2001 and the Second Amendment thereto dated as of March 1, 2002
(hereinafter as such agreement may have been, or may from time to time be,
amended, supplemented or otherwise modified, the "Pooling and Servicing
Agreement");

         WHEREAS, pursuant to the Pooling and Servicing Agreement, Chase USA
wishes to designate Additional Accounts of Chase USA to be included as Accounts
and to convey the Receivables of such Additional Accounts, whether now existing
or hereafter created, to the Trust as part of the corpus of the Trust (as each
such term is defined in the Pooling and Servicing Agreement); and

         WHEREAS, the Trustee is willing to accept such designation and
conveyance subject to the terms and conditions hereof;

         NOW, THEREFORE, Chase USA and the Trustee hereby agree as follows:

                  1. Defined Terms. All terms defined in the Pooling and
         Servicing Agreement and used herein shall have such defined meanings
         when used herein, unless otherwise defined herein.

<PAGE>

         "Addition Date" shall mean, with respect to the Additional Accounts
designated hereby, June 1, 2004.

         "Notice Date" shall mean, with respect to the Additional Accounts
designated hereby, May 12, 2004.

                  2. Designation of Additional Accounts. Chase USA shall deliver
         to the Trustee not later than five Business Days after the Addition
         Date, a computer file or microfiche list containing a true and complete
         list of each MasterCard and VISA account which as of the Addition Date
         shall be deemed to be an Additional Account, such accounts being
         identified by account number and by the amount of Receivables in such
         accounts as of the close of business on the Addition Date. Such list
         shall be delivered five Business Days after the date of this
         Assignment and shall be marked as Schedule 1 to this Assignment and, as
         of the Addition Date, shall be incorporated into and made a part of
         this Assignment.

                  3. Conveyance of Receivables.

                  A. Chase USA does hereby transfer, assign, set-over and
         otherwise convey to the Trustee on behalf of the Trust for the benefit
         of the Certificateholders, without recourse on and after the Addition
         Date, all right, title and interest of Chase USA in and to the
         Receivables now existing and hereafter created in the Additional
         Accounts designated hereby, all monies due or to become due with
         respect thereto (including all Finance Charge Receivables) and all
         proceeds of such Receivables, Recoveries, Interchange, Insurance
         Proceeds relating to such Receivables and the proceeds of any of the
         foregoing.

                  B. In connection with such transfer, Chase USA agrees to
         record and file, at its own expense, a financing statement with respect
         to the Receivables now existing and hereafter created in the Additional
         Accounts designated hereby (which may be a single financing statement
         with respect to all such Receivables) for the transfer of accounts as
         defined in Section 9-102 of the UCC as in effect in the State of New
         York meeting the requirements of applicable state law in such manner
         and such jurisdictions as are necessary to perfect the assignment of
         such Receivables to the Trustee on behalf of the Trust for the benefit
         of the Certificateholders (the "Secured Party"), and to deliver a
         file-stamped copy of such financing statement or other evidence of such
         filing (which may, for purposes of this Section 3, consist of telephone
         confirmation of such filing) to the Trustee on or prior to the date of
         this Assignment.

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<PAGE>

                  C. It is the intention of the parties hereto that all
         transfers of Receivables to the Trust pursuant to this Assignment be
         subject to, and be treated in accordance with, the Delaware Act and
         each of the parties hereto agrees that this Assignment has been entered
         into by the parties hereto in express reliance upon the Delaware Act.
         For purposes of complying with the requirements of the Delaware Act,
         each of the parties hereto hereby agrees that any property, assets or
         rights purported to be transferred, in whole or in part, by Chase USA
         pursuant to this Assignment shall be deemed to no longer be the
         property, assets or rights of Chase USA. The parties hereto acknowledge
         and agree that each such transfer is occurring in connection with a
         "securitization transaction" within the meaning of the Delaware Act.

                  D. In connection with such transfer, Chase USA further agrees,
         at its own expense, on or prior to the date of this Assignment to
         indicate in its computer files that Receivables created in connection
         with the Additional Accounts designated hereby have been transferred to
         the Trust pursuant to this Assignment for the benefit of the
         Certificateholders.

                  E. Chase USA hereby grants to the Secured Party a security
         interest in all of Chase USA's right, title and interest in, to and
         under the Receivables now existing and hereafter created in the
         Additional Accounts designated hereby, all monies due or to become due
         with respect to such Receivables, Insurance Proceeds relating to such
         Receivables, Recoveries, Interchange and the proceeds to any of the
         foregoing to secure a loan in an amount equal to the unpaid principal
         amount of the Investor Certificates issued or to be issued pursuant to
         the Pooling and Servicing Agreement and the interests accrued at the
         related Certificate Rates, and this Assignment shall constitute a
         security agreement under applicable law. Chase USA shall execute
         continuation statements and provide other further assurances to
         maintain the perfection and priority of such security interest of the
         Secured Party.

                  4. Acceptance by Trustee. The Trustee hereby acknowledges its
         acceptance on behalf of the Trust for the benefit of the
         Certificateholders of all right, title and interest previously held by
         Chase USA in and to the Receivables now existing and hereafter
         created, and declares that it shall maintain such right, title and
         interest, upon the Trust herein set forth, for the benefit of all
         Certificateholders.

                                        3

<PAGE>

                  5. Representations and Warranties of Chase USA. Chase USA
         hereby represents and warrants to the Secured Party as of the Addition
         Date:

                  A. Legal, Valid and Binding Obligation. This Assignment
         constitutes a legal, valid and binding obligation of Chase USA
         enforceable against Chase USA in accordance with its terms, except as
         such enforceability may be limited by applicable bankruptcy,
         insolvency, reorganization, moratorium or other similar laws now or
         hereafter in effect affecting the enforcement of creditors' rights in
         general and the rights of creditors of banking associations and except
         as such enforceability may be limited by general principles of equity
         (whether considered in a suit at law or in equity).

                  B. Eligibility of Accounts and Receivables. Each Additional
         Account designated hereby is an Eligible Account and each Receivable
         in such Additional Account is an Eligible Receivable.

                  C. Selection Procedures. No selection procedures believed by
         Chase USA to be materially adverse to the interests of the Investor
         Certificateholders were utilized in selecting the Additional Accounts
         designated hereby from the available Eligible Accounts in the Bank
         Portfolio.

                  D. Insolvency. Chase USA is not insolvent and, after giving
         effect to the conveyance set forth in Section 3 of this Assignment,
         will not be insolvent.

                  E. Transfer. This Assignment constitutes either: (i) a valid
         transfer and assignment to the Trust of all right, title and interest
         of Chase USA in and to Receivables now existing and hereafter created
         in the Additional Accounts designated hereby, and all proceeds (as
         defined in the UCC) of such Receivables and Insurance Proceeds relating
         thereto, and such Receivables and any proceeds thereof and Insurance
         Proceeds relating thereto will be held by the Secured Party free and
         clear of any Lien of any Person claiming through or under Chase USA or
         any of its Affiliates except for (x) Liens permitted

                                        4

<PAGE>

         under subsection 2.5(b) of the Pooling and Servicing Agreement, (y) the
         interest of the holder of the Transferor Certificate and (z) Chase
         USA's right to receive interest accruing on, and investment earnings in
         respect of, the Finance Charge Account and the Principal Account as
         provided in the Pooling and Servicing Agreement; or (ii) a valid and
         continuing security interest (as defined in the UCC) in the Receivables
         now existing or hereafter created in the Additional Accounts in favor
         of the Secured Party, the proceeds (as defined in the UCC) thereof and
         Insurance Proceeds relating thereto, upon the conveyance of such
         Receivables to the Trust, which security interest is prior to all other
         Liens, and is enforceable against creditors of and purchasers from
         Chase USA, and which will be enforceable with respect to the
         Receivables thereafter created in respect of Additional Accounts
         designated hereby, the proceeds (as defined in the UCC) thereof and
         Insurance Proceeds relating thereto, upon such creation; and (iii) if
         this Assignment constitutes the grant of a security interest to the
         Secured Party in such property, upon the filing of a financing
         statement described in Section 3 of this Assignment with respect to the
         Additional Accounts designated hereby and in the case of the
         Receivables of such Additional Accounts thereafter created and the
         proceeds (as defined in the UCC) thereof, and Insurance Proceeds
         relating to such Receivables, upon such creation, the Secured Party
         shall have a first priority perfected security interest in such
         property (subject to Section 9-315 the UCC as in effect in the State of
         Delaware), except for Liens permitted under subsection 2.5(b) of the
         Pooling and Servicing Agreement. Chase USA has caused or will have
         caused, within ten days, the filing of all appropriate financing
         statements in the proper filing office in the appropriate jurisdictions
         under applicable law in order to perfect the security interest in the
         Receivables granted to the Secured Party hereunder. The Receivables
         constitute "accounts" within the meaning of the applicable UCC.

                  F. Other Liens. Other than the security interest granted to
         the Secured Party pursuant to this Assignment, Chase USA has not
         pledged, assigned, sold, granted a security interest in, or otherwise
         conveyed any of the Receivables. Chase USA has not authorized the
         filing of and is not aware of any financing statements against Chase
         USA that include a description of collateral covering the Receivables
         other than any financing statement (i) relating to the security
         interest granted to the Secured Party hereunder, (ii) that has been
         terminated,

                                        5

<PAGE>

                  G. Breach of Representations and Warranties. The provision set
         forth in Section 2.4(d) of the Pooling and Servicing Agreement shall be
         applicable to any breach of the representations and warranties of this
         Section 5 with respect to any Receivable.

                  6. Conditions Precedent. The acceptance by the Trustee set
         forth in Section 4 and the amendment of the Pooling and Servicing
         Agreement set forth in Section 7 are subject to the satisfaction, on
         or prior to the Addition Date, of the following conditions precedent:

                           A. Officer's Certificate. Chase USA shall have
                  delivered to the Trustee a certificate of a Vice President or
                  more senior officer substantially in the form of Schedule 2
                  hereto, certifying that (i) all requirements set forth in
                  Section 2.6 of the Pooling and Servicing Agreement for
                  designating Additional Accounts and conveying the Principal
                  Receivables of such Account, whether now existing or hereafter
                  created, have been satisfied and (ii) each of the
                  representations and warranties made by Chase USA in Section 5
                  is true and correct as of the Addition Date. The Trustee may
                  conclusively rely on such Officer's Certificate, shall have no
                  duty to make inquiries with regard to the matters set forth
                  therein, and shall incur no liability in so relying.

                           B. Opinion of Counsel. Chase USA shall have delivered
                  to the Trustee an Opinion of Counsel with respect to the
                  Additional Accounts designated hereby substantially in the
                  form of Exhibit E to the Pooling and Servicing Agreement.

                  7. Amendment of the Pooling and Servicing Agreement. The
         Pooling and Servicing Agreement is hereby amended to provide that all
         references therein to the "Pooling and Servicing Agreement," to "this
         Agreement" and "herein" shall be deemed from and after the Addition
         Date to be a dual reference to the Pooling and Servicing Agreement as
         supplemented by this Assignment and by Assignment No. 1 of Receivables
         in Additional

                                        6

<PAGE>

         Accounts, dated as of July 1, 1996, Assignment No. 2 of Receivables in
         Additional Accounts, dated as of September 1, 1996, Assignment No.3 of
         Receivables in Additional Accounts, dated as of December 1, 1997,
         Assignment No. 4 of Receivables in Additional Accounts, dated as of
         February 1, 1998, Assignment No. 5 of Receivables in Additional
         Accounts, dated as of April 1, 1998, Assignment No. 6 of Receivables in
         Additional Accounts, dated as of August 1, 1998, Assignment No. 7 of
         Receivables in Additional Accounts, dated as of November 1, 1998,
         Assignment No. 8 of Receivables in Additional Accounts, dated as of
         February 1, 1999, Assignment No. 9 of Receivables in Additional
         Accounts, dated as of April 1, 1999, Assignment No. 10 of Receivables
         in Additional Accounts, dated as of July 1, 1999, Assignment No. 11 of
         Receivables in Additional Accounts, dated as of October 1, 1999,
         Assignment No. 12 of Receivables in Additional Accounts, dated as of
         February 1, 2000, Assignment No. 13 of Receivables in Additional
         Accounts, dated as of April 1, 2000, Assignment No. 14 of Receivables
         in Additional Accounts, dated as of May 1, 2000, Assignment No. 15 of
         Receivables in Additional Accounts, dated as of August 1, 2000,
         Assignment No. 16 of Receivables in Additional Accounts, dated as of
         July 1, 2001, Assignment No. 17 dated as of September 1, 2001,
         Assignment No. 18 of Receivables in Additional Accounts, dated as of
         November 1, 2001, Assignment No. 19 of Receivables in Additional
         Accounts, dated as of March 6, 2002, Assignment No. 20 of Receivables
         in Additional Accounts, dated as of April 1, 2002, Assignment No. 21 of
         Receivables in Additional Accounts, dated as of May 1, 2002, Assignment
         No. 22 of Receivables in Additional Accounts, dated as of September 1,
         2002, Assignment No. 23 of Receivables in Additional Accounts, dated as
         of November 1, 2002, Assignment No. 24 of Receivables in Additional
         Accounts, dated as of February 1, 2003, Assignment No. 25 of
         Receivables in Additional Accounts, dated as of April 1, 2003,
         Assignment No. 26 of Receivables in Additional Accounts, dated as of
         June 1, 2003, Assignment No. 27 of Receivables in Additional Accounts,
         dated as of August 1, 2003, Assignment No. 28 of Receivables in
         Additional Accounts, dated as of September 1, 2003, Assignment No. 29
         of Receivables in Additional Accounts, dated as of October 1, 2003,
         Assignment No. 30 of Receivables in Additional Accounts, dated as of
         February 1, 2004, Reassignment No. 1 of Receivables in Removed
         Accounts, dated as of September 30, 1997 and Reassignment No. 2 of
         Receivables in Removed Accounts, dated as of December 1, 1997. Except
         as expressly amended hereby, all of the representations, warranties,
         terms, covenants and conditions to the Pooling and Servicing Agreement
         shall remain unamended and shall continue to be, and shall remain, in
         full force and effect in accordance with its terms and except as
         expressly provided herein shall not constitute or be deemed to
         constitute a waiver of compliance with or a consent to noncompliance
         with any term or provisions of the Pooling and Servicing Agreement.

                                        7

<PAGE>

                  8. Survival. The representations, warranties and covenants
         of the parties hereto shall survive the assignment of the Receivables
         pursuant to this Assignment and the termination of this Assignment, and
         shall inure to the benefit of the Trust. Notwithstanding to the
         contrary in this Assignment, the representations and warranties of the
         Chase USA herein shall not survive after the tenth (10th ) anniversary
         of the Addition Date.

                  9. Waivers and Amendments. This Assignment may be amended,
         superseded, canceled, renewed or extended and the terms hereof may be
         waived, only by a written instrument signed by authorized
         representatives of the parties or, in the case of a waiver, by an
         authorized representative of the party waiving compliance and, in all
         cases, subject to confirmation by each Rating Agency then rating any
         Investor Certificates. No such written instrument shall be effective
         unless it expressly recites that it is intended to amend, supersede,
         cancel, renew or extend this Assignment or to waive compliance with one
         or more of the terms hereof, as the case may be. No delay on the part
         of any party in exercising any right, power or privilege hereunder
         shall operate as a waiver thereof, nor shall any waiver on the part of
         any party of any such right, power or privilege, or any single or
         partial exercise of any such right, power or privilege, preclude any
         further exercise thereof or the exercise of any other such right, power
         or privilege.

                  10. Counterparts. This Assignment may be executed in two or
         more counterparts (and by different parties on separate counterparts),
         each of which shall be an original, but all of which together shall
         constitute one and the same instrument.

                  11. GOVERNING LAW. THIS ASSIGNMENT SHALL BE GOVERNED BY,
         CONSTRUED AND INTERPRETED 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.

                  12. Tax Treatment. Nothing in this Assignment shall be deemed
         to require any securitization transaction involving the Receivables to
         be treated as a sale for federal or state income tax purposes or to
         preclude treatment of any such securitization transaction as debt for
         federal or state income tax purposes.

                                        8

<PAGE>

         IN WITNESS WHEREOF, the undersigned have caused this Assignment of
Receivables in Additional Accounts to be duly executed and delivered by their
respective duly authorized officers on the day and year first above written.

                                             CHASE MANHATTAN BANK USA,
                                             NATIONAL ASSOCIATION

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

                                             THE BANK OF NEW YORK,
                                             as Trustee

                                             By: /s/ James Bowden
                                                 -----------------------
                                             Name:  James Bowden
                                             Title: Assistant Treasurer

<PAGE>

                                                                      Schedule 1
                                                                to Assignment of
                                                                  Receivables in
                                                             Additional Accounts

                               ADDITIONAL ACCOUNTS

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