UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February 14, 2008

Central Index Key Number of depositor: 0000819975, 0000869090

CHASE BANK USA, NATIONAL ASSOCIATION

(Sponsor, Depositor, Originator, Administrator and Servicer into the ~~Issuer~~Issuing Entities described ~~herein~~below)

Central Index Key Number of issuing entity: 0000890493

FIRST USA CREDIT CARD MASTER TRUST

(~~Issuer~~Issuing Entity of the First USA Collateral Certificate)

Central Index Key Number of issuing entity: 0001004988

CHASE CREDIT CARD MASTER TRUST

(Issuing Entity of the Chase Collateral Certificate)

Central Index Key Number of issuing entity: 0001174821

CHASE ISSUANCE TRUST

(Issuing Entity of the Notes)

(Exact name of registrant as specified in its charter)

Laws of the United States

333-145109

333-131327

22-2382028

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification Number)

Chase Bank USA, National Association

White Clay Center Building 200

Route 273

Newark, Delaware

19711

(Address of principal executive offices)

(Zip Code)

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

Item 8.01

Other Events

On February 14, 2008, pursuant to ~~Reassignment~~Assignment No. 1120 of Receivables in Additional Accounts (the “~~Reassignment~~Assignment No. 1120 of Receivables in Additional Accounts”), between Chase Bank USA, National Association, a national banking association (the “Bank”), and ~~BNYM (Delaware) (formerly known as The Bank~~the ofChase ~~New~~Issuance ~~York (Delaware))~~Trust, a ~~banking~~Delaware ~~corporation~~statutory ~~organized~~trust ~~and existing under the laws of the State of Delaware~~ (the “~~Trustee~~Trust”), the ~~Trustee~~Bank ondesignated ~~behalf~~and ofsold ~~the First USA Credit Card Master Trust (the “Trust”), reconveyed~~ accounts with an initial approximate aggregate amount of credit card receivables of $~~5.0~~4,600,000,000 ~~billion~~ to the ~~Bank~~Trust.

~~The~~On ~~Bank~~February 4, ~~services~~2008, pursuant to Assignment No. 20 of Receivables in Additional Asset Pool One Accounts (the ~~receivables~~“Assignment ~~that~~No. 20 ~~are~~of ~~included~~Receivables in ~~Reassignment~~Additional Asset Pool One Accounts” and together with the Assignment No. 1120 of Receivables in Additional Accounts, “Assignment No. 20”), between the Trust and ~~will~~Wells ~~continue~~Fargo toBank, ~~service~~National Association, a national banking association, as collateral agent (the ~~accounts~~“Collateral ~~associated~~Agent”), the Trust designated and pledged accounts with ~~such~~an ~~receivables~~initial ~~following~~approximate ~~Reassignment~~aggregate ~~No. 11~~amount of ~~Receivables~~credit card receivables of $4,600,000,000 to the Collateral Agent.

The ~~management~~Bank ofservices the ~~Bank~~receivables ~~believes~~ that ~~Reassignment~~are included in Assignment No. 1120 ofand ~~Receivables~~ will ~~have~~continue noto ~~material~~service ~~effect on~~ the ~~Trust~~accounts orassociated ~~the~~with ~~asset~~such ~~backed securities~~receivables ~~issued~~following byAssignment ~~the Trust~~No. 20.

~~Section~~The management of the Bank believes that Assignment No. 920 ~~—Financial~~will ~~Statements~~have ~~and~~no ~~Exhibits~~material effect on the Trust or the asset backed securities issued by the Trust.

Section 9 – Financial Statements and Exhibits

Item 9.01

Financial Statement and Exhibits.

The following exhibits are filed as a part of this report:

(10.1) ~~Reassignment~~Assignment No. 1120 of Receivables in Additional Accounts, dated as of February 14, 2008, by and between Chase Bank USA, National Association and ~~BNYM~~Chase ~~(Delaware)~~Issuance ~~(formerly known as The Bank of New York (Delaware))~~Trust.

(10.2)

Assignment No. 20 of Receivables in Additional Asset Pool One Accounts, dated as of February 4, 2008, by and between Chase Bank USA, National Association and Wells Fargo Bank, National Association.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	CHASE BANK USA, NATIONAL ASSOCIATION
	as Depositor, Transferor and Servicer of the First USA Credit Card Master Trust
	By:	/s/ Patricia M. Garvey
	Name:	Patricia M. Garvey
	Title:	Vice President
Date: February 1, 2008


CHASE BANK USA, NATIONAL ASSOCIATION as Sponsor, Depositor, Originator, Administrator and Servicer of the First USA Credit Card Master Trust, the Chase Credit Card Master Trust and the Chase Issuance Trust

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

Date: February 4, 2008

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