Document:

Exhibit 4.10

      __________________________________________________________________

                     CHASE CREDIT CARD OWNER TRUST 2002-8

                                TRUST AGREEMENT

                                    between

                CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
                                 as Depositor

                                      and

                           WILMINGTON TRUST COMPANY
                               as Owner Trustee

                         Dated as of November 20, 2002

      __________________________________________________________________

<PAGE>

                               TABLE OF CONTENTS

                                                                          Page

                                  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....................................5
     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.........................................10
     SECTION 5.3.    Action upon Instruction................................11
     SECTION 5.4.    No Duties Except as Specified in this Agreement or
                     in Instructions........................................11
     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..................12

                                  ARTICLE VI
                           CONCERNING OWNER TRUSTEE

     SECTION 6.1.    Acceptance of Trusts and Duties........................13
     SECTION 6.2.    Furnishing of Documents................................14
     SECTION 6.3.    Representations and Warranties.........................14
     SECTION 6.4.    Reliance; Advice of Counsel............................15

                                      i

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                                                                          Page

     SECTION 6.5.    Not Acting in Individual Capacity......................16
     SECTION 6.6.    Owner Trustee May Own Notes............................16

                                 ARTICLE VII
                        COMPENSATION OF OWNER TRUSTEE

     SECTION 7.1.    Owner Trustee's Fees and Expenses......................16
     SECTION 7.2.    Indemnification........................................16
     SECTION 7.3.    Payments to Owner Trustee..............................17

                                 ARTICLE VIII
                        TERMINATION OF TRUST AGREEMENT

     SECTION 8.1.    Termination of Trust Agreement.........................17

                                  ARTICLE IX
            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

     SECTION 9.1.    Eligibility Requirements for Owner Trustee.............18
     SECTION 9.2.    Resignation or Removal of Owner Trustee................18
     SECTION 9.3.    Successor Owner Trustee................................19
     SECTION 9.4.    Merger or Consolidation of Owner Trustee...............20
     SECTION 9.5.    Appointment of Co-Trustee or Separate Trustee..........20

                                  ARTICLE X
                                MISCELLANEOUS

     SECTION 10.1.   Supplements and Amendments.............................21
     SECTION 10.2.   No Legal Title to Owner Trust Estate in
                     Certificateholder......................................22
     SECTION 10.3.   Limitations on Rights of Others........................22
     SECTION 10.4.   Notices................................................22
     SECTION 10.5.   Severability...........................................23
     SECTION 10.6.   Separate Counterparts..................................23
     SECTION 10.7.   Successors and Assigns.................................23
     SECTION 10.8.   Nonpetition Covenants..................................23
     SECTION 10.9.   No Recourse............................................23
     SECTION 10.10.  Headings...............................................23
     SECTION 10.11.  GOVERNING LAW..........................................23
     SECTION 10.12.  Depositor Payment Obligation...........................24
     SECTION 10.13.  Acceptance of Terms of Agreement.......................24
     SECTION 10.14.  Compliance with Sarbanes-Oxley Act of 2002.............24
     SECTION 10.15.  Integration of Documents...............................24

EXHIBITS

Exhibit A   -   Form of Certificate

                                     ii

<PAGE>

          TRUST AGREEMENT dated as of November 20, 2002 between CHASE
MANHATTAN BANK USA, NATIONAL ASSOCIATION ("Chase USA"), a national banking
association having its principal executive offices located at White Clay
Center Building 200, Route 273, Newark, Delaware 19711, 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 2002-8 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).

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<PAGE>

     "Deposit and Administration Agreement" means the Deposit and
Administration Agreement, dated as of November 20, 2002, between the Owner
Trustee, on behalf of the Owner Trust, and Chase Manhattan Bank USA, National
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.

     "Noteholder" has the meaning assigned to such term in 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 2002-8 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.

     "SFAS 140" means Statement of Financial Accounting Standards No. 140,
Accounting for Transfers and Servicing of Financial Assets and Extinguishments
of Liabilities.

          (b) All terms defined in this Agreement shall have the defined
meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein.

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<PAGE>

          (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 2002-8" (hereinafter, the "Owner
Trust"). The Owner Trust shall not be a "business trust" or a "statutory
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
make payments or distribu-

                                     3
<PAGE>

tions 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, which activities
cannot be contrary to the status of the Trust as a "qualifying special purpose
entity" under SFAS 140 and any successor rule thereto; 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, which activities cannot be contrary to
the status of the Trust as a "qualifying special purpose entity" under SFAS
140 and any successor rule thereto.

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. For purposes of SFAS 140, the parties
hereto intend that (a) the Trust shall be treated as a "qualifying special
purpose entity" as such term is used in SFAS 140 and any successor rule
thereto and (b) the power and authority of the Owner Trust as stated this
Section 2.3 shall be limited in accordance with paragraph 35 of SFAS 140.

          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.

                                     4
<PAGE>

          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 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.

                                     5
<PAGE>

     (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
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

                                      6
<PAGE>

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 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.

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<PAGE>

          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.

                                      8

<PAGE>

          (f) Pursuant to an appointment made under this Section 3.6, the
Certificate may have endorsed thereon, in lieu of the Owner Trustee's
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             but solely as Owner Trustee
for the Chase Credit Card               for the Chase Credit Card
Owner Trust 2002-8                      Owner Trust 2002-8

                                    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
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;

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<PAGE>

          (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 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 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.

                                      10
<PAGE>

          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
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

                                      11
<PAGE>

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.

          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.

                                      12
<PAGE>

                                  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;

          (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;

                                      13
<PAGE>

          (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

          (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.

                                      14
<PAGE>

          (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 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 2002-8,
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

                                      15
<PAGE>

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 2002-8, acts solely as the Owner Trustee
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

                                      16
<PAGE>

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 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.

                                      17
<PAGE>

          (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.

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

                                      18
<PAGE>

          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.

          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.

                                      19
<PAGE>

          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 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

                                      20
<PAGE>

     (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
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 or significantly change any of the Trust's permitted activities as
described in Section 2.3 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

                                      21
<PAGE>

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
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

                                      22
<PAGE>

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.

          SECTION 10.8. Nonpetition 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

                                      23
<PAGE>

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.

          SECTION 10.14. Compliance with Sarbanes-Oxley Act of 2002.
Notwithstanding anything to the contrary herein or in any other Basic
Document, the Owner Trustee shall not be required to execute, deliver or
certify on behalf of the Owner Trust or any other Person any filings,
certificates, affidavits or other instruments required under the
Sarbanes-Oxley Act of 2002. Notwithstanding any Person's right to instruct the
Owner Trustee, neither the Owner Trustee nor any agent, employee, director or
officer of the Owner Trustee shall have any obligation to execute any
certificates or other documents required pursuant to the Sarbanes-Oxley Act of
2002 or the rules and regulations promulgated thereunder, and the refusal to
comply with any such instructions shall not constitute a default or breech
under any Basic Document.

           SECTION 10.15. 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]

                                     24
<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: /s/ Kathleen A. Pedelini
                                              ----------------------------
                                               Name: Kathleen A. Pedelini
                                               Title: Financial Services
                                                      Officer

                                           CHASE MANHATTAN BANK USA,
                                           NATIONAL ASSOCIATION,
                                           as Depositor

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

                                      25
<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 2002-8

                               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 2002-8 (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 2002-8 Trust Agreement dated as of November 20, 2002 (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 2002-8 (the "Class A Notes"), Class B
Floating Rate Asset Backed Notes, Series 2002-8 (the "Class B Notes") and
Class C Floating Rate Asset Backed Notes, Series 2002-8 (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 November 20, 2002 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 of any
court or

                                      26
<PAGE>

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 2002-8

                                      WILMINGTON TRUST COMPANY
                                        Not in its individual capacity
                                        but solely as Owner Trustee for the
                                        Chase Credit Card Owner Trust 2002-8

Dated:  _________________, _____    By: ______________________________
                                          Name:
                                          Title:

                                      27
<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 2002-8

By: ______________________________
         Authorized Signatory

                                      28
<PAGE>

                                                          ANNEX 1 TO EXHIBIT A

Registered Owner and address:

         Chase Manhattan Bank USA, National Association
         500 Stanton Christiana Road, 1st Floor
         Newark, DE 19713

Tax Identification Number: 22-2382028

                                      29Exhibit 4.11

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

                CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,

                        as Depositor and Administrator

                                      and

                     CHASE CREDIT CARD OWNER TRUST 2002-8

                                   as Issuer

                                    DEPOSIT

                                      AND

                           ADMINISTRATION AGREEMENT

                         Dated as of November 20, 2002

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

<PAGE>

                               TABLE OF CONTENTS

                                   ARTICLE I
                                  DEFINITIONS

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

                                  ARTICLE II
                            DEPOSIT OF CERTIFICATE

SECTION 2.1.   Deposit of Certificate and Initial Deposit ................  2
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

SECTION 3.1.   Representations and Warranties of Depositor ...............  3

                                  ARTICLE IV
                                ADMINISTRATION

SECTION 4.1.   Duties as Administrator ...................................  5
SECTION 4.2.   Records ................................................... 11
SECTION 4.3.   [Reserved] ................................................ 11
SECTION 4.4.   Additional Information To Be Furnished to Issuer .......... 11
SECTION 4.5.   Independence of Administrator ............................. 12
SECTION 4.6.   No Joint Venture .......................................... 12
SECTION 4.7.   Other Activities of Administrator ......................... 12
SECTION 4.8.   Net Deposits............................................... 12

                                   ARTICLE V
                                  TERMINATION

SECTION 5.1.   Term of Agreement; Resignation and Removal of
                 Administrator ........................................... 12
SECTION 5.2.   Action upon Termination, Resignation or Removal ........... 14
SECTION 5.3.   Acquisition of Owner Trust Estate.......................... 14

                                  ARTICLE VI
                                 MISCELLANEOUS

SECTION 6.1.   Notices ................................................... 14
SECTION 6.2.   Amendments ................................................ 15
SECTION 6.3.   Protection of Title to Owner Trust ........................ 16
SECTION 6.4.   Successors and Assigns..................................... 17
SECTION 6.5.   GOVERNING LAW ............................................. 17
SECTION 6.6.   Headings .................................................. 17
SECTION 6.7.   Counterparts .............................................. 17
SECTION 6.8.   Severability .............................................. 17

                                       i
<PAGE>

SECTION 6.9.   Not Applicable to Chase Manhattan Bank USA, National
                  Association in Other Capacities......................... 17
SECTION 6.10.  Limitation of Liability of Owner Trustee, Indenture
                  Trustee and Administrator..............................  17
SECTION 6.11.  Third-Party Beneficiary ..................................  18
SECTION 6.12.  Nonpetition Covenants ..................................... 18
SECTION 6.13.  Liability of Administrator ................................ 19

Exhibit A      Power of Attorney

                                       ii

<PAGE>

          This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of November 20,
2002 (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 White Clay Center Building 200, Route 273, Newark, Delaware
19711 ("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 2002-8,
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.

                                       1
<PAGE>

                                  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
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
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 $11,000,000 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.

          It is the intention of the parties hereto that the transfer of
Series Certificates to the Trust pursuant to this Agreement be subject to, and
be treated in accordance with, the "Asset Backed Securities Facilitation Act,"
Title 6, Chapter 27A of the Delaware Code (the "Delaware Act") and each of the
parties hereto agrees that this Agreement 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 Agreement shall be deemed to
no longer be the property, assets or rights of Chase USA.

                                       2
<PAGE>

          SECTION 2.2. Closing. The sale of the Series Certificate shall take
place on the Closing Date, simultaneously with the closing of the other
transactions contemplated by the Basic Documents. The Series Certificate shall
then be delivered to the Owner Trustee in Delaware and upon receipt thereof
shall then be delivered by the Owner Trustee to the Indenture Trustee.

          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.

                                  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

                                       3
<PAGE>

valid and continuing security interest therein from the Depositor to the
Issuer which security interest is prior to all other Liens and is enforceable
against creditors and purchasers from the Depositor 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 the event of the
filing of a bankruptcy petition by or against the Depositor under any
bankruptcy law. Other than pursuant to this Agreement, the Series Certificate
has not been sold, transferred, assigned or pledged by the Depositor to any
Person. Immediately prior to the transfer and assignment herein contemplated,
the Depositor owned and had good and marketable title to the Series
Certificate, free and clear of all Liens, claims, rights or encumbrances 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,
claims, rights or encumbrances of others or a first priority perfected
security interest therein. The Depositor has not authorized the filing of and
is not aware of any financing statements against the Depositor that include a
description of collateral covering the Series Certificate other than any
financing statement relating to the security interest granted to the Issuer
hereunder or the security interest granted by the Issuer to the Indenture
Trustee. The Depositor has no actual knowledge of any current statutory or
other non-consensual liens, including any judgment or tax lien filings against
the Debtor, to which the Series Certificate is subject.

          (b) Certificated Security. The Series Certificate constitutes a
"certificated security" within the meaning of the applicable UCC.

          (c) Delivery of Series Certificate. The sole original executed copy
of the Series Certificate has been delivered to the Issuer and has been
registered in the name of the Issuer. The Series Certificate has no marks or
notations indicating that it has been pledged, assigned or otherwise conveyed
to any Person other than the Issuer, provided that the Series Certificate with
an undated bond power covering the Series Certificate, duly executed by the
Issuer and endorsed in blank, shall be delivered to the Indenture Trustee, and
the Indenture Trustee shall maintain possession of the Series Certificate for
the benefit of the Holders of the Notes, subject to the terms of the
Indenture.

          (d) 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 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).

          (e) 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

                                       4
<PAGE>

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.

          (f) 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 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));

                                       5
<PAGE>

          (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 enforceability of the Indenture,
     the Notes, the Collateral and 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));

                                       6
<PAGE>

          (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 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);

                                       7
<PAGE>

          (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);

          (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.

          (ii) Notwithstanding anything in this Agreement or the other Basic
     Documents to the contrary, the Administrator shall be responsible for
     promptly notifying the In-

                                       8
<PAGE>

     denture 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 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.

          (viii) Non-Ministerial Matters. 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

                                       9
<PAGE>

     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.

          (ix) 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.

          (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, (i) in the name of the Indenture Trustee, for the benefit of the
Noteholders, an Eligible Deposit

                                       10
<PAGE>

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. 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 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.

                                       11
<PAGE>

          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 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.

                                       12
<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 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.

                                       13
<PAGE>

          (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
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:

                                       14
<PAGE>

          if to the Issuer or the Owner Trustee, to

          Chase Credit Card Owner Trust 2002-8
          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
          500 Stanton Christiana Road, Floor 1
          Newark, DE  19713
          Attention: Patricia M. Garvey

          if to the Indenture Trustee, to

          The Bank of New York
          101 Barclay Street, 8 West
          New York, NY  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 or significantly change the purposes and
activities of the Issuer 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

                                       15
<PAGE>

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.

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

                                       16
<PAGE>

          (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 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 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 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
2002-8 and in no event shall Wilmington Trust Company in its individual
capacity or any beneficial owner of the Issuer have any

                                       17
<PAGE>

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 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,

                                       18
<PAGE>

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

                                       19
<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.

                                   WILMINGTON TRUST COMPANY
                                   not in its individual capacity but solely
                                   as Owner Trustee for:
                                   CHASE CREDIT CARD OWNER TRUST
                                   2002-8

                                   By: /s/ Kathleen A. Pedelini
                                       -------------------------------------
                                       Name: Kathleen A. Pedelini
                                       Title:  Financial Services Officer

                                   CHASE MANHATTAN BANK USA,
                                   NATIONAL ASSOCIATION
                                   as Administrator

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

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

                                   By:
                                       ------------------------------------
                                       Name: Daniel Rothman
                                       Title: Assistant Treasurer

                                       20
<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.

                                   WILMINGTON TRUST COMPANY
                                   not in its individual capacity but solely
                                   as Owner Trustee for:
                                   CHASE CREDIT CARD OWNER TRUST
                                   2002-8

                                   By:
                                       -------------------------------------
                                       Name: Kathleen A. Pedelini
                                       Title:  Financial Services Officer

                                   CHASE MANHATTAN BANK USA,
                                   NATIONAL ASSOCIATION
                                   as Administrator

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

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

                                   By: /s/ Daniel Rothman
                                       -------------------------------------
                                       Name: Daniel Rothman
                                       Title: Assistant Treasurer

                                       21
<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 2002-8
("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 November 20, 2002 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 November 20, 2002 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 20th day of November, 2002.

                               WILMINGTON TRUST COMPANY
                               not in its individual capacity but solely
                               as Owner Trustee for the Chase Credit Card Owner
                               Trust 2002-8

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

                                       22

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