Document:

CHASE CREDIT CARD OWNER TRUST 2000-2

                             TRUST AGREEMENT

                                 between

             CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,
                               as Depositor

                                   and

                         WILMINGTON TRUST COMPANY
                             as Owner Trustee

                        Dated as of April 13, 2000

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                            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 . . . . . . . . . . . .   4
         SECTION 2.7.    Title to Owner Trust Property  . . . . . . .   5
         SECTION 2.8.    Situs of Owner Trust . . . . . . . . . . . .   5
         SECTION 2.9.    Representations and Warranties of the
                           Depositor  . . . . . . . . . . . . . . . .   5
         SECTION 2.10.   Liability of Certificateholder . . . . . . .   6

                               ARTICLE III.

                  CERTIFICATES AND TRANSFER OF INTERESTS

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

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                               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
         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  . .  19
         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

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                                ARTICLE X.

                              MISCELLANEOUS

         SECTION 10.1.   Supplements and Amendments . . . . . . . . .  22
         SECTION 10.2.   No Legal Title to Owner Trust Estate in
                           Certificateholder  . . . . . . . . . . . .  23
         SECTION 10.3.   Limitations on Rights of Others  . . . . . .  23
         SECTION 10.4.   Notices  . . . . . . . . . . . . . . . . . .  23
         SECTION 10.5.   Severability . . . . . . . . . . . . . . . .  23
         SECTION 10.6.   Separate Counterparts  . . . . . . . . . . .  23
         SECTION 10.7.   Successors and Assigns . . . . . . . . . . .  23
         SECTION 10.8.   Nonpetition Covenants  . . . . . . . . . . .  24
         SECTION 10.9.   No Recourse  . . . . . . . . . . . . . . . .  24
         SECTION 10.10.  Headings . . . . . . . . . . . . . . . . . .  24
         SECTION 10.11.  GOVERNING LAW  . . . . . . . . . . . . . . .  24
         SECTION 10.12.  Depositor Payment Obligation . . . . . . . .  24
         SECTION 10.13.  Acceptance of Terms of Agreement . . . . . .  24
         SECTION 10.14.  Integration of Documents . . . . . . . . . .  25

                                 EXHIBITS

         Exhibit A -      Form of Certificate

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         TRUST AGREEMENT dated as of April 13, 2000 between CHASE
MANHATTAN BANK USA, NATIONAL ASSOCIATION ("Chase USA"), a national
banking association having its principal executive offices located at 802
Delaware Avenue, Wilmington, Delaware 19801, as the depositor (in its
capacity as the depositor, the "Depositor") and WILMINGTON TRUST COMPANY,
a Delaware banking corporation, as the owner trustee (the "Owner
Trustee").

                               ARTICLE  I.

                               DEFINITIONS

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

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

         "Agreement" means this Chase Credit Card Owner Trust 2000-2
Trust Agreement, as the same may be amended, modified or otherwise
supplemented from time to time.

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

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

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

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

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

         "Deposit and Administration Agreement" means the Deposit and
Administration Agreement, dated as of  April 13, 2000, 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.

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

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

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

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

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

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

         "Owner Trustee" means Wilmington Trust Company, a Delaware
banking corporation, not in its individual capacity but solely as owner
trustee for the Chase Credit Card Owner Trust 2000-2 under this Agreement
(unless otherwise specified herein), and any successor Owner Trustee
hereunder.

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

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

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

                   (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

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generally accepted accounting principles. To the extent that the
definitions of accounting terms in this Agreement or in any such
certificate or other document are inconsistent with the meanings of such
terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document
shall control.

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

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

                               ARTICLE II.

                               ORGANIZATION

                   SECTION 2.1.  Name.  The trust created hereby shall be
referred to for convenience as "Chase Credit Card Owner Trust 2000-2"
(hereinafter, the "Owner Trust").  The Owner Trust shall not be a
"business trust" as defined in 12 Del.C. 3801.

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

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

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

                   (b)    to acquire the property and assets set forth in
the Deposit and Administration Agreement from the Depositor pursuant to
the terms thereof, to make payments or distributions on the Notes and the
Certificate and to make deposits to and withdrawals from the Reserve
Account and other accounts established under the Indenture;

                   (c)    to assign, grant, transfer, pledge, mortgage
and convey the Owner Trust Estate to the Indenture Trustee pursuant to
the Indenture and to hold, manage and distribute to the Certificateholder

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pursuant to the terms of the Deposit and Administration Agreement any
portion of the Owner Trust Estate released from the Lien of, and remitted
to the Owner Trust pursuant to, the Indenture;

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

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

                   (f)    subject to compliance with the Basic Documents,
to engage in such other activities as may be required in connection with
conservation of the Owner Trust Estate and the making of distributions to
the Certificateholder and the Noteholders.

The Owner Trustee, on behalf of the Owner Trust, is hereby authorized to
engage in the foregoing activities.  Neither the Owner Trustee, nor the
Owner Trust, shall engage in any activity other than in connection with
the foregoing or other than as required or authorized by the terms of
this Agreement or the other Basic Documents.

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

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

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

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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.

                   (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

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         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 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

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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.

                   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

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issuance, delivery, registration of transfer, exchange or repayment of
the Certificate.  Whenever reference is made in this Agreement to the
authentication of the Certificate by the Owner Trustee or the Owner
Trustee's certificate of authentication, such reference shall be deemed
to include authentication on behalf of the Owner Trustee by an
authenticating agent and a certificate of authentication executed on
behalf of the Owner Trustee by an authenticating agent.  Each
authenticating agent shall be subject to acceptance by the Depositor.

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

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

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

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

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

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WILMINGTON TRUST COMPANY          WILMINGTON TRUST COMPANY
not in its individual capacity    not in its individual capacity
but solely as Owner Trustee for   but solely as Owner Trustee for
the Chase Credit Card Owner       the Chase Credit Card Owner
Trust 2000-2                      Trust 2000-2

                                  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

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         aforementioned claims or lawsuits to collect on the Series
         Certificate);

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

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

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

                   (e)    the appointment pursuant to the Indenture of a
         successor Indenture Trustee or the consent to the assignment by
         the Note Registrar, the Paying Agent, the Indenture Trustee or
         the Certificate Registrar of its obligations under the
         Indenture.

The Owner Trustee shall notify the Certificateholder in writing of any
appointment of a successor Paying Agent, Authenticating Agent or
Certificate Registrar within five Business Days thereof.

                               ARTICLE V.

                  AUTHORITY AND DUTIES OF OWNER TRUSTEE

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

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the provisions of this Agreement.  Notwithstanding the foregoing, the
Owner Trustee shall be deemed to have discharged its duties and
responsibilities hereunder and under the Basic Documents to the extent
the Administrator has agreed in the Deposit and Administration Agreement
to perform any act or to discharge any duty of the Owner Trustee
hereunder or under any other Basic Document, and the Owner Trustee shall
not be liable for the default or failure of the Administrator to carry
out its obligations under the Deposit and Administration Agreement.

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

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

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

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

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

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

                   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

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Trustee shall be entitled to obtain advice of counsel (which advice shall
be an expense of the Depositor) to determine whether any action required
to be taken pursuant to this Agreement results in the consequences
described in clauses (i), (ii) and (iii) of the preceding sentence.  In
the event that said counsel advises the Owner Trustee that such action
will result in such consequences, the Owner Trustee will, at the expense
of the Depositor,  appoint an additional trustee pursuant to Section 9.5
to proceed with such action.

                               ARTICLE VI.

                         CONCERNING OWNER TRUSTEE

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

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

                   (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

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the Owner Trust Estate or for or in respect of the validity or
sufficiency of the Basic Documents, other than the certificate of
authentication on the Certificate, shall not be accountable for the use
or application by the Depositor of the proceeds from the Certificate, and
the Owner Trustee shall in no event assume or incur any liability, duty
or obligation to any Noteholder or to the Certificateholder, other than
as expressly provided for herein and in the other Basic Documents;

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

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

                   (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:

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<PAGE>

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

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

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

                   (d)    The execution, delivery and performance by
Wilmington Trust Company of this Agreement does not require the
authorization, consent, or approval of, the giving of notice to, the
filing or registration with, or the taking of any other action in respect
of, any governmental authority or agency of the State of Delaware or the
United States of America regulating the corporate trust activities of
Wilmington Trust Company.

                   (e)    This Agreement has been duly authorized,
executed and delivered by Wilmington Trust Company and shall constitute
the legal, valid, and binding agreement of Wilmington Trust Company, not
in its individual capacity but solely as Owner Trustee for the Chase
Credit Card Owner Trust 2000-2, 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,

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<PAGE>

as to such fact or matter, and such certificate shall constitute full
protection to the Owner Trustee for any action taken or omitted to be
taken by it in good faith in reliance thereon.

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

                   SECTION 6.5.  Not Acting in Individual Capacity.
Except as provided in this Article VI, in accepting the trusts hereby
created, Wilmington Trust Company, not in its individual capacity but
solely as Owner Trustee for the Chase Credit Card Owner Trust 2000-2,
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

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

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<PAGE>

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

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

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

                               ARTICLE IX.

          SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

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

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<PAGE>

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.

                   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

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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.

                   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.

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<PAGE>

                   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

                   (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.

                                    21

<PAGE>

                                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
and (ii) as evidenced by an Opinion of Counsel addressed and delivered to
the Owner Trustee and the Indenture Trustee, cause the Owner Trust to be
classified as an association (or a publicly traded partnership) taxable
as a corporation for federal income tax purposes; provided, further, that
the Depositor shall deliver written notice of such amendments to each
Note Rating Agency prior to the execution of any such amendment.

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

                   Promptly after the execution of any amendment or
consent, the Owner Trustee shall furnish written notification of the
substance of such amendment or consent to the Certificateholder, the
Indenture Trustee and each of the Note Rating Agencies.

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

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

                                    22

<PAGE>

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
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

                                    23

<PAGE>

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 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.

                                    24

<PAGE>

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

                        [Signature Page to Follow]

                                    25

<PAGE>

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

                                  WILMINGTON TRUST COMPANY,
                                   as Owner Trustee

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

                                  CHASE MANHATTAN BANK USA,
                                    NATIONAL ASSOCIATION,
                                    as Depositor

                                  By:
                                     -----------------------------------
                                     Name:  Keith Schuck
                                     Title: Vice President

                                    26

<PAGE>

                                                                EXHIBIT A

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

                   CHASE CREDIT CARD OWNER TRUST 2000-2

                            OWNER CERTIFICATE

R-1

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

         THIS CERTIFIES THAT Chase Manhattan Bank USA, National
Association is the registered owner of one hundred percent (100%) of the
beneficial interest in the Chase Credit Card Owner Trust 2000-2 (the
"Owner Trust") created by Chase Manhattan Bank USA, National Association,
a national banking association (the "Depositor").

         The Owner Trust was created pursuant to the Chase Credit Card
Owner Trust 2000-2 Trust Agreement dated as of April 13, 2000 (the "Trust
Agreement"), between the Depositor and Wilmington Trust Company, as owner
trustee (the "Owner Trustee").  To the extent not otherwise defined
herein, the capitalized terms used herein have the meanings assigned to
them in the Trust Agreement including, as specified in Section 1.1(a).

         This Certificate is the duly authorized Certificate evidencing
the sole beneficial interest in the Owner Trust (herein called the
"Certificate").  This Certificate is issued under and is subject to the
terms, provisions and conditions of the Trust Agreement, to which Trust
Agreement the Certificateholder by virtue of the acceptance hereof
assents and by which the Certificateholder is bound. Three classes of
Notes designated as Class A Floating Rate Asset Backed Notes, Series
2000-2 (the "Class A Notes"), Class B Floating Rate Asset Backed Notes,
Series 2000-2 (the "Class B Notes") and Class C Floating Rate Asset
Backed Notes, Series 2000-2 (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 April 13, 2000 between Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for
the Owner Trust and The Bank of New York, as Indenture Trustee.

         Notwithstanding any prior termination of the Trust Agreement,
the Certificateholder, by its acceptance of this Certificate, covenants
and agrees that it shall not at any time with respect to the Owner Trust,
the Depositor or the Master Trust, acquiesce, petition or otherwise
invoke or cause the Owner Trust, the Depositor or the Master Trust to
invoke the process of any court or government authority for the purpose
of commencing or sustaining a case against the Owner Trust, the Depositor
or the Master Trust, under any Federal or state bankruptcy, insolvency or
similar law or appointing a receiver, conservator, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of the Owner

                              Exhibit A, Page 1
<PAGE>

Trust, the Depositor or the Master Trust, or any substantial part of its
property, or ordering the winding up or liquidation of the affairs of the
Owner Trust, the Depositor or the Master Trust.

         Unless the certificate of authentication hereon shall have been
executed by an authorized officer of the Owner Trustee, by manual
signature, this Certificate shall not entitle the Holder hereof to any
benefit under the Trust Agreement or the Deposit and Administration
Agreement or be valid for any purpose.

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

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

                                  CHASE CREDIT CARD OWNER
                                  TRUST 2000-2

                                  WILMINGTON TRUST COMPANY
                                    Not in its individual capacity
                                    but solely as Owner Trustee for
                                    the Chase Credit Card Owner
                                    Trust 2000-2

Dated:                            By:
        -----------------, -----      ------------------------------
                                      Name:
                                      Title:

                              Exhibit A, Page 2

<PAGE>

                      CERTIFICATE OF AUTHENTICATION

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

WILMINGTON TRUST COMPANY
not in its individual capacity
but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2000-2

By:
    ------------------------------
         Authorized Signatory

                              Exhibit A, Page 3

<PAGE>

                                                ANNEX 1 TO EXHIBIT A

Registered Owner and address:

         Chase Manhattan Bank USA, National Association
         802 Delaware Avenue, 13th Floor
         Wilmington, DE 19801

Tax Identification Number: 22-2382028

                         Annex 1 to Exhibit A, Page 1============================================================================

                CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION,

                        as Depositor and Administrator

                                      and

                     CHASE CREDIT CARD OWNER TRUST 2000-2

                                   as Issuer

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

                                    DEPOSIT

                                      AND

                           ADMINISTRATION AGREEMENT

                          Dated as of April 13, 2000

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

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

<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 . . . .    1
         SECTION 2.2.  Closing  . . . . . . . . . . . . . . . . . . . . .    3
         SECTION 2.3.  Books and Records  . . . . . . . . . . . . . . . .    3
         SECTION 2.4.  Holder of the Series Certificate . . . . . . . . .    3

                                 ARTICLE III.

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

         SECTION 3.1.  Representations and Warranties of Depositor  . . .    4

                                  ARTICLE IV.

                                ADMINISTRATION

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

                                  ARTICLE V.

                                  TERMINATION

         SECTION 5.1.  Term of Agreement; Resignation and Removal of
                         Administrator  . . . . . . . . . . . . . . . . .   15
         SECTION 5.2.  Action upon Termination, Resignation or
                         Removal  . . . . . . . . . . . . . . . . . . . .   17
         SECTION 5.3.  Acquisition of Owner Trust Estate  . . . . . . . .   17

                                      -i-

<PAGE>

                                  ARTICLE VI.

                                 MISCELLANEOUS

         SECTION 6.1.  Notices  . . . . . . . . . . . . . . . . . . . . .   17
         SECTION 6.2.  Amendments . . . . . . . . . . . . . . . . . . . .   18
         SECTION 6.3.  Protection of Title to Owner Trust . . . . . . . .   19
         SECTION 6.4.  Successors and Assigns . . . . . . . . . . . . . .   20
         SECTION 6.5.  GOVERNING LAW  . . . . . . . . . . . . . . . . . .   21
         SECTION 6.6.  Headings . . . . . . . . . . . . . . . . . . . . .   21
         SECTION 6.7.  Counterparts . . . . . . . . . . . . . . . . . . .   21
         SECTION 6.8.  Severability . . . . . . . . . . . . . . . . . . .   21
         SECTION 6.9.  Not Applicable to Chase Manhattan Bank USA,
                         National Association in Other Capacities . . . .   21
         SECTION 6.10. Limitation of Liability of Owner Trustee,
                         Indenture Trustee and Administrator  . . . . . .   21
         SECTION 6.11. Third-Party Beneficiary  . . . . . . . . . . . . .   22
         SECTION 6.12. Nonpetition Covenants  . . . . . . . . . . . . . .   22
         SECTION 6.13. Liability of Administrator . . . . . . . . . . . .   23

Exhibit A        Power of Attorney

                                     -ii-

<PAGE>

                 This DEPOSIT AND ADMINISTRATION AGREEMENT, dated as of April
13, 2000  (as amended, supplemented or otherwise modified and in effect from
time to time, this "Agreement"), is made between CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION, a national banking association having its principal
executive offices located at 802 Delaware Avenue, Wilmington, Delaware 19801
("Chase USA," the "Transferor" or the "Depositor" in its respective
capacities as such), and WILMINGTON TRUST COMPANY, not in its individual
capacity but solely as Owner Trustee of Chase Credit Card Owner Trust 2000-2,
a Delaware common law trust, as issuer (the "Issuer").

                             W I T N E S S E T H :

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

                                  ARTICLE I.

                                  DEFINITIONS

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

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

                                 ARTICLE  II.

                            DEPOSIT OF CERTIFICATE

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

                                      -1-

<PAGE>

Depositor's obligations herein), all right, title, and interest of the
Depositor in, to and under (i) the Series Certificate, and all money,
instruments, investment property and other property (together with all
earnings, dividends, distributions, income, issues, and profits relating
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 $10,714,290 on the Closing Date.

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

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

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

                                      -2-

<PAGE>

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

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

                 SECTION 2.3.  Books and Records.

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

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

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

                                      -3-

<PAGE>

                                 ARTICLE III.

                   DEPOSITOR REPRESENTATIONS AND WARRANTIES

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

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

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

                                      -4-

<PAGE>

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

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

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

                                  ARTICLE IV.

                                ADMINISTRATION

                 SECTION 4.1.  Duties as Administrator.

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

                                      -5-

<PAGE>

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));

                                  (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);

                                      -6-

<PAGE>

                                  (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));

                                  (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);

                                      -7-

<PAGE>

                                  (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

                                      -8-

<PAGE>

                 state agencies and the transmission of such summaries, as
                 necessary, to the Noteholders (Section 7.4);

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

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

                                  (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

                                      -9-

<PAGE>

         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 Indenture Trustee in the
         event that any withholding tax is imposed on the Issuer's payments
         (or allocations of income) to a Noteholder.  Any such notice shall
         specify the amount of any withholding tax required to be withheld by
         the Owner Trustee pursuant to such provision.

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

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

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

                                     -10-

<PAGE>

         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.

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

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

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

                 (C)      the appointment of successor Note Registrars,
         successor Paying Agents and successor Indenture Trustees pursuant to
         the Indenture or the appointment of successor Administrators  or the

                                     -11-

<PAGE>

         consent to the assignment by the Note Registrar, the Paying Agent or
         the Indenture Trustee of its obligations under the Indenture; and

                 (D)      the removal of the Indenture Trustee.

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

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

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

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

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

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

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

                 (e)      Owner Trust Accounts.  The Administrator shall
establish and maintain, in the name of the Indenture Trustee, for the benefit
of the Noteholders, an Eligible Deposit Account (the "Note Distribution
Account"), bearing a designation clearly indicating that the funds deposited
therein are held for the benefit of the Noteholders.  The Administrator shall

                                     -12-

<PAGE>

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

                                     -13-

<PAGE>

additional information regarding the Collateral as the Issuer shall
reasonably request, including notification of Noteholders pursuant to Section
4.1(a) hereof.

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

                                     -14-

<PAGE>

                                  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.

                          (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

                                     -15-

<PAGE>

                 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.

                 (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.

                                     -16-

<PAGE>

                 (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:

                                     -17-

<PAGE>

                 if to the Issuer or the Owner Trustee, to

                          Chase Credit Card Owner Trust 2000-2
                          c/o Wilmington Trust Company
                          Rodney Square North
                          1100 North Market Street
                          Wilmington, DE 19890-0001

                          Attention: Corporate Trust Administration

                 with a copy to:

                          Richards, Layton & Finger
                          One Rodney Square
                          Wilmington, DE  19899

                          Attention:  Eric Mazie

                 if to the Administrator, to

                          Chase Manhattan Bank USA, National Association
                          802 Delaware Avenue
                          Wilmington, DE  19801
                          Attention: Patricia M. Garvey

                 if to the Indenture Trustee, to

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

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

                 SECTION 6.2.  Amendments.  This Agreement may be amended
from time to time by a written amendment duly executed and delivered by the
Issuer, the Administrator and the Depositor, with the written consent of the
Indenture Trustee and without the consent of the Noteholders or the
Certificateholder, for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of the Noteholders or the
Certificateholder; provided, however, that a copy thereof shall have been

                                     -18-

<PAGE>

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

                 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

                                     -19-

<PAGE>

         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.

                          (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.

                                     -20-

<PAGE>

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

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

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

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

                 SECTION 6.9.  Not Applicable to Chase Manhattan Bank USA,
National Association in Other Capacities.  Nothing in this Agreement shall
affect any obligation Chase Manhattan Bank USA, National Association may have
in any other capacity.

                 SECTION 6.10.  Limitation of Liability of Owner Trustee,
Indenture Trustee and Administrator.  (a) Notwithstanding anything contained
herein to the contrary, this instrument has been signed by Wilmington Trust
Company not in its individual capacity but solely as Owner Trustee for the
Chase Credit Card Owner Trust 2000-2 and in no event shall Wilmington Trust
Company in its individual capacity or any beneficial owner of the Issuer have
any liability for the representations, warranties, covenants, agreements or
other obligations of the Issuer hereunder, as to all of which recourse shall
be had solely to the assets of the Issuer.

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

                 (c)   No recourse under any obligation, covenant or
agreement of the Issuer contained in this Agreement shall be had against any
agent of the Issuer (including the Administrator) as such by the enforcement
of any assessment or by any legal or equitable proceeding, by virtue of any
statute or otherwise; it being expressly agreed and understood that this

                                     -21-

<PAGE>

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,
         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.

                                     -22-

<PAGE>

                 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.

                                     -23-

<PAGE>

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

                                  CHASE CREDIT CARD OWNER TRUST
                                     2000-2

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

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

                                  CHASE MANHATTAN BANK USA,
                                      NATIONAL ASSOCIATION
                                  as Administrator

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

                                  Acknowledged and Agreed:

                                  THE BANK OF NEW YORK
                                  not in its individual capacity but solely
                                  as Indenture Trustee

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

                                     -24-

<PAGE>

                                                                     EXHIBIT A
                                                   [Form of Power of Attorney]

                               POWER OF ATTORNEY

STATE OF NEW YORK        )
                         )
COUNTY OF NEW YORK       )

          KNOW ALL MEN BY THESE PRESENTS, that WILMINGTON TRUST COMPANY, a
Delaware banking corporation, not in its individual capacity but solely as
owner trustee ("Owner Trustee") for the Chase Credit Card Owner Trust 2000-2
("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 April 13, 2000
between the Trust and the Bank of New York, as Indenture Trustee), including,
without limitation, to appear for and represent the Owner Trustee and the
Trust in connection with the preparation, filing and audit of federal, state
and local tax returns pertaining to the Trust, and with full power to perform
any and all acts associated with such returns and audits that the Owner
Trustee could perform, including without limitation, the right to distribute
and receive confidential information, defend and assert positions in response
to audits, initiate and defend litigation, and to execute waivers of
restriction on assessments of deficiencies, consents to the extension of any
statutory or regulatory time limit, and settlements.  For the purpose of this
Power of Attorney, the term "Administration Agreement" means the Deposit and
Administration Agreement dated as of April 13, 2000 among Wilmington Trust
Company, not in its individual capacity but solely as Owner Trustee for the
Trust and Chase Manhattan Bank USA, National Association, as Administrator,
and acknowledged and agreed by The Bank of New York, as Indenture Trustee, as
such may be amended from time to time.

                                     -25-

<PAGE>

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

          EXECUTED this 13th day of April, 2000.

                                  WILMINGTON TRUST COMPANY
                                  not in its individual capacity but solely as
                                  Owner Trustee for the Chase Credit Card
                                  Owner Trust 2000-2

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

                                     -26-

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