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 ~~November~~December 101, 2025 tothrough ~~November~~December 3031, 2025

___________________________

Commission File Numbers:333-141703-02	Commission File ~~Numbers~~Number:~~000~~333-~~23108~~205455	Commission File ~~Number~~Numbers:~~333-205455~~N/A	~~Commission File Numbers:N/A~~
Central Index Key Number: 0001407200	Central Index Key Number: ~~0000894329~~0001645731	Central Index Key Number: ~~0001645731~~0000047288	~~Central Index Key Number: 0000047288~~
DISCOVER CARD EXECUTION NOTE TRUST	DISCOVER ~~CARDMASTER~~FUNDING ~~TRUST I~~LLC	~~DISCOVER~~CAPITAL ~~FUNDING~~ONE, ~~LLC~~NATIONAL ASSOCIATION(as successor by merger to Discover Bank)	~~CAPITAL ONE, NATIONAL ASSOCIATION(as successor by merger to Discover Bank)~~
(Exact name of the issuing entity in respect of the Notes as specified in its charter)	(Exact name of the ~~issuing~~depositoras ~~entity~~specified in ~~respect~~its ~~of the Series 2007-CC Collateral Certificate~~charter)	(Exact name of the ~~depositoras~~sponsoras specified in its charter)	~~(Exact name of the sponsoras specified in its charter)~~
Delaware	Delaware	~~Delaware~~National banking association	~~National banking association~~
(State or jurisdiction of incorporation or organization of the issuing entity)	(State or jurisdiction of incorporation or organization of the ~~issuing entity~~depositor)	(State or jurisdiction of incorporation or organization of the ~~depositor~~sponsor)	~~(State or jurisdiction of incorporation or organization of the sponsor)~~
c/o Discover Funding LLC800 Prides CrossingSuite 100Newark, Delaware 19713	~~c/o~~800 ~~Discover Funding LLC800~~ Prides ~~CrossingSuite~~Crossing, Suite 100Newark, ~~Delaware 19713~~Delaware19713	~~800~~1680 ~~Prides~~Capital ~~Crossing~~One Drive, ~~Suite 100Newark~~McLean, ~~Delaware19713~~Virginia22102	~~1680 Capital One Drive,McLean, Virginia22102~~
(Address of principal executive offices of the issuing entity)	(Address of principal executive offices of the ~~issuing entity~~depositor)	(Address of principal executive offices of the ~~depositor~~sponsor)	~~(Address of principal executive offices of the sponsor)~~
Not Applicable(I.R.S. Employer Identification No. of the issuing entity)	Not Applicable(I.R.S. Employer Identification No. of the issuing entity)	47-4047337(I.R.S. Employer Identification No. of the depositor)
Not applicable	47-4047337
(I.R.S. Employer Identification No. of the issuing entity)	(I.R.S. Employer Identification No. of the depositor)

1Eric D. Bauder

~~Patricia~~Assistant S.Vice ~~Hall~~President, Treasurer

Vice President, Chief Financial Officer

Discover Funding LLC

~~302~~703-~~323~~720-~~7315~~3148

(Name and telephone number, including area code, of the person to contact in connection with this filing)

Each class of Notes, ~~as well as the Series 2007-CC Collateral Certificate,~~ to which this report on Form 10-D relates is subject to the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934. The title of each class of Notes to which this report on Form 10-D relates is set forth in Exhibit 99.21 hereto.

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~~As ~~interest~~previously ofreported, ~~Discover~~on ~~Card~~December ~~Execution~~18, ~~Note~~2025, ~~Trust~~Discover ~~(the~~Funding LLC (“~~Note~~Discover ~~Issuance Trust~~Funding”), inas ~~credit~~Beneficiary ~~card~~on ~~receivables~~behalf ~~is held solely in the form~~ of ~~an interest in a collateral certificate issued by~~ Discover Card ~~Master~~Execution Note Trust I (the “~~Master~~Note Issuance Trust”)., Nodefeased ~~assets~~the ~~securitized~~outstanding byDiscoverSeries ~~Capital~~Class ~~One~~A(2021-2) Notes, ~~National~~Class ~~Association~~ A(~~“CONA”~~2023-1) Notes, ~~successor~~and inClass ~~interest~~A(2023-2) toNotes ~~Discover Bank~~(collectively, ~~and~~the ~~held~~“Class byA ~~the~~Notes”) ~~Master~~issued ~~Trust~~by ~~were~~ the ~~subject~~Note ofIssuance aTrust ~~demand~~pursuant to ~~repurchase~~Section or1310 ~~replace for breach~~ of ~~representations and warranties during~~ the ~~monthly~~Second ~~distribution~~Amended ~~period~~and ~~from~~Restated ~~November~~Indenture 1(“Indenture”), ~~2025~~as ~~to November 30~~amended, ~~2025.~~and ~~Discover~~a ~~Bank,~~Defeasance ~~as predecessor in interest to CONA~~Agreement, ~~filed~~dated ~~its~~as ~~most~~of ~~recent~~December ~~Form ABS-15G on February 6~~18, 2025. ~~The CIK number of Discover Bank is 0000894327 and the CIK number of CONA is 0000047288.~~

~~The~~In ~~information~~connection ~~required~~with the defeasance, the original collateral securing the Note Issuance Trust’s obligations with respect to the defeased Class A Notes, including the Series 2007-CC Collateral Certificate that represented a beneficial interest in the portfolio of credit card receivables held by ~~Items~~Discover ~~1121~~Card Master Trust I (athe “Master Trust”), was released from the lien of the Indenture and ~~1121~~was replaced by defeasance collateral consisting of U.S. Treasury bonds, cash, or a combination of both. The portfolio of credit card receivables held by the Master Trust was then reassigned to Discover Funding, and by Discover Funding to Capital One, National Association (b“CONA”) ofand ~~Regulation~~the ABMaster isTrust ~~provided~~was terminated in accordance with the ~~reports~~terms ~~attached~~of ~~hereto~~the asFourth ~~Exhibits~~Amended ~~99.1~~and Restated Pooling and 99Servicing Agreement, as amended.2. Upon completion of the defeasance, the defeasance collateral became the sole source for the scheduled payments of principal of, and interest on, the defeased Class A Notes.

~~The~~None ~~Master~~of ~~Trust~~the ~~owns~~credit ~~receivables in Discover~~ card ~~accounts~~receivables ~~that~~securitized ~~have~~by ~~been~~CONA, ~~selected~~as atsuccessor ~~various~~in ~~times~~interest ~~from~~to ~~the aggregate~~ Discover ~~card~~Bank, ~~portfolio~~ and ~~designated~~held toby the Master Trust~~. The~~ ~~performance~~prior ofto the ~~accounts~~defeasance, ~~designated~~were to the ~~Master~~subject ~~Trust~~of ~~may~~a ~~differ~~demand ~~materially~~to ~~from~~repurchase ~~the~~or ~~performance~~replace offor ~~the~~breach ~~aggregate~~of ~~Discover~~representations ~~card~~and ~~portfolio,~~warranties ~~which~~during ~~consists~~the portion of ~~all~~the ~~Discover~~monthly ~~card~~distribution ~~accounts~~period ~~originated~~from byDecember ~~CONA~~1, or2025 byto December 18, 2025. Discover Bank, as predecessor in interest to CONA, ~~including~~filed ~~those~~its ~~that~~most ~~have~~recent ~~not~~Form ~~been~~ABS-15G ~~designated~~on toFebruary ~~the~~6, ~~Master~~2025. ~~Trust~~The CIK number of Discover Bank is 0000894327.

Discover Funding, as depositor for the Note Issuance Trust, expects to file the next Form ABS-15G in respect of the credit card receivables held by the Master Trust for the period from January 1, 2025 to December 18, 2025. The CIK number of Discover Funding is 0001645731.

The information required by Items 1121(a) and 1121(b) of Regulation AB in respect of the defeasance collateral held by the Note Issuance Trust is provided in the report attached hereto as Exhibit 99.1.

Item 1A. Asset-Level Information.

Not applicable.

Item 1B. Asset Representations Reviewer and Investor Communication.

Nothing to report.

PART II – OTHER INFORMATION

Item 2. Legal Proceedings.

Nothing to report.

Item 3. Sales of Securities and Use of Proceeds.

Nothing to report.

Item 4. Defaults Upon Senior Securities.

Nothing to report.

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

Not applicable.

Item 6. Significant Obligors of Pool Assets.

Not applicable.

Item 7. Change in Sponsor Interest in the Securities.

InNothing ~~accordance with the credit risk retention rules of Regulation RR, CONA, as Sponsor, is required~~ to retain an economic interest in the credit risk of the Master Trust receivables. The Sponsor intends to satisfy this obligation by maintaining a seller’s interest in the Master Trust, calculated in accordance with Regulation RR, that will equal not less than 5% of the aggregate unpaid principal balance of all DiscoverSeries notes, other than any notes that are at all times held by CONA or one or more wholly-owned affiliates of CONA. The required seller’s interest will be held by Discover Funding through holding of the Transferor Interest, which represents an undivided interest in the receivables of the Master Trust that are not represented by outstanding certificates at any given time. The seller’s interest amount and percentage as of the end of the distribution period covered by this Form 10-D is provided in the report ~~attached hereto as Exhibit 99~~.1.

Item 8. Significant Enhancement Provider Information.

Not applicable.

Item 9. Other Information.

Nothing to report.

Item 10. Exhibits.

Exhibit No. Description

99.1 ~~Series 2007-CC~~ Monthly ~~Statement~~Servicer Certificate

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:~~DISCOVER ~~December~~FUNDING ~~15,~~LLC(as ~~2025~~Depositor for Discover Card Execution Note Trust)

~~DISCOVER~~By: /s/ ~~FUNDING~~Eric ~~LLC~~D. Bauder

~~(as~~Name: Eric ~~Depositor~~D. ~~for Discover Card Master Trust I and~~Bauder

~~Discover~~Title: Assistant ~~Card~~Vice ~~Execution~~President, ~~Note Trust)~~Treasurer

ByDate: ~~/s/~~ ~~Patricia~~January 15, ~~S. Hall~~2026

Name: Patricia S. Hall

Title: Vice President, Chief Financial Officer

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