
	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549


	FORM 10-D

	ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
	THE SECURITIES EXCHANGE ACT OF 1934


For the monthly distribution period from July 1, 2016 to July 31, 2016

Commission File Numbers:	Commission File Numbers:	Commission File Number:	Commission File Numbers:
333-141703-02;	333-141703;	333-205455	333-141703-01;
333-167413;	333-167413-02;		333-167413-01;
333-191359;	333-191359-02;		333-191359-01;
333-205455-01	333-205455-02;		033-54804
	000-23108
Central Index Key Number:	Central Index Key Number:	Central Index Key Number:	Central Index Key Number:
0001407200	0000894329	0001645731	0000894327

DISCOVER CARD	DISCOVER CARD	DISCOVER	DISCOVER BANK
EXECUTION	MASTER TRUST I	FUNDING LLC
NOTE TRUST

(Exact name of the issuing	(Exact name of the issuing	(Exact name of the depositor	(Exact name of the sponsor
entity in respect of the Notes as	entity in respect of the Series	as specified in its charter)	as specified in its charter)
specified in its charter)	2007-CC Collateral Certificate)

Delaware	Delaware	Delaware	Delaware
(State or jurisdiction of	(State or jurisdiction of	(State or jurisdiction of	(State or jurisdiction of
incorporation or organization of	incorporation or organization of	incorporation or organization	incorporation or organization
the issuing entity)	the issuing entity)	of the depositor)	of the sponsor)


c/o Wilmington Trust	c/o Discover Bank	c/o Discover Bank	12 Read’s Way
Company,	12 Read’s Way	12 Read’s Way	New Castle, Delaware
Rodney Square North	New Castle, Delaware	New Castle, Delaware	19720
1100 North Market	19720	19720
Street,
Wilmington, Delaware
19890-0001

(Address of principal executive	(Address of principal executive	(Address of principal executive	(Address of principal executive
offices of the issuing entity)	offices of the issuing entity)	offices of the depositor)	offices of the sponsor)

	Michael F. Rickert,
	Vice President, Chief Financial Officer and Treasurer
	Discover Funding LLC
	(302) 323-7315
(Name and telephone number, including area code, of the person to contact in connection with this filing)


51-0020270
(I.R.S. Employer Identification No. of the sponsor)

47-4047337
(IRS Employer Identification No. of
the depositor)

Registered/reporting pursuant to (check one)
Title of class	Section 12(b)	Section 12(g)	Section 15(d)	Name of exchange
				(If Section 12(b))
DiscoverSeries Class A Notes	[___]	[___]	[_X_]	[___]
DiscoverSeries Class B Notes	[___]	[___]	[_X_]	[___]
DiscoverSeries Class C Notes	[___]	[___]	[_X_]	[___]
DiscoverSeries Class D Notes	[___]	[___]	[_X_]	[___]
Credit Card Pass-Through Certificates	[___]	[___]	[_X_]	[___]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes: [_X_] No: [___].

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

The interest of Discover Card Execution Note Trust (the “Note Issuance Trust”) in credit card receivables is held solely in the form of an interest in a collateral certificate issued by Discover Card Master Trust I (the “Master Trust”). No assets securitized by Discover Bank and held by the Master Trust were the subject of a demand to repurchase or replace for breach of representations and warranties during the monthly distribution period from July 1, 2016 to July 31, 2016. Discover Bank filed its most recent Form ABS-15G on February 5, 2016. The CIK number of Discover Bank is 0000894327.

The information required by Items 1121(a) and 1121(b) of Regulation AB is provided in the reports attached hereto as Exhibits 99.1 and 99.2.

As of July 1, 2016 (the “Addition Date”), Discover Funding LLC, as the holder of the Transferor Certificate, designated certain Discover Card accounts (the “Additional Accounts”) originated by Discover Bank to be added to the Master Trust as accounts pursuant to Section 2.10(b) of the Third Amended and Restated Pooling and Servicing Agreement, dated as of December 22, 2015 (as amended, the “Pooling and Servicing Agreement”), between Discover Bank, as Master Servicer and Servicer, Discover Funding LLC, as Transferor, and U.S. Bank National Association as Trustee. The Additional Accounts were selected in a random manner intended to produce a representative sample of all Discover Card accounts not segregated from the Discover Card portfolio as of the Addition Date. The Additional Accounts had an aggregate total receivables balance of $3,558,000,809.04 as of the opening of business on the Addition Date. Information regarding the composition of the accounts including the Additional Accounts have been previously included in a Current Report on Form 8-K, filed by the Note Issuance Trust on July 15, 2016, and is incorporated herein by reference.

Of the accounts designated to the Master Trust, 94.0% have been originated at least 60 months prior to the date of this report. Seasoned accounts in general perform differently than newly originated or less

seasoned accounts, typically with lower charge-off rates and higher payment rates. The aggregate Discover card portfolio represents all accounts originated by Discover Bank including those accounts not designated to the Master Trust and accordingly, the performance of the Discover card portfolio may differ materially from the performance of the Master Trust, and through the collateral certificate, the Note Issuance Trust.

Item 1A. Asset-Level Information.

Not applicable.

Item 1B. Asset Representations Reviewer and Investor Communication.

Not applicable.

PART II – OTHER INFORMATION

Item 2. Legal Proceedings.

Not applicable.

Item 3. Sales of Securities and Use of Proceeds.

Not applicable.

Item 4. Defaults Upon Senior Securities.

Not applicable.

Item 5. Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 6. Significant Obligors of Pool Assets.

Not applicable.

Item 8. Significant Enhancement Provider Information.

Not applicable.

Item 9. Other Information.

Information regarding the extension of certain dates related to the DiscoverSeries Class A(2011-B) Notes has been previously included in a Current Report on Form 8-K, filed by Discover Bank, Discover Funding LLC and the Note Issuance Trust on July 22, 2016, and is incorporated herein by reference.

Item 10. Exhibits.


Exhibit No.	Description

99.1	Series 2007-CC Monthly Statement
99.2	DiscoverSeries Monthly Statement




SIGNATURES

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.

Date: August 15, 2016


	DISCOVER FUNDING LLC
	(as Depositor for Discover Card Master Trust I and
	Discover Card Execution Note Trust and as registrant
	under Commission File Number 333-205455)

	By: /s/ Michael F. Rickert
	Name: Michael F. Rickert
	Title: Vice President, Chief Financial Officer and
	Treasurer

	DISCOVER BANK
	(as registrant under Commission File Numbers
	333-141703-01, 333-167413-01and 333-191359-01)

	By: /s/ Michael F. Rickert
	Name: Michael F. Rickert
	Title: Vice President, Chief Financial Officer and
	Assistant Treasurer

DISCOVER CARD MASTER TRUST I 10-D