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) ~~June~~December 12, 2006

CHASE BANK USA, NATIONAL ASSOCIATION

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

FIRST USA CREDIT CARD MASTER TRUST

(Issuing Entity of the First USA Collateral Certificate)

CHASE CREDIT CARD MASTER TRUST

(Issuing Entity of the Chase Collateral Certificate)

CHASE ISSUANCE TRUST

(Issuing Entity of the Notes)

(Exact name of registrant as specified in its charter)

(As Servicer on behalf of FIRST USA CREDIT CARD MASTER TRUST)

Laws of the United States

333-118423

22-2382028

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification Number)

Laws of the United States	033-50600-01	22-2382028
Chase Bank USA, National Association White Clay Center Building 200 Route 273 Newark, Delaware	19711
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification Number)
(Address of principal executive offices)	(Zip Code)

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

~~302/575-5000~~CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION

~~Registrant’s~~201 ~~telephone~~North ~~number~~Walnut Street, ~~including~~Wilmington, ~~area~~Delaware ~~code~~19801

~~N/A~~(Commission File Number 333-67076)

(Former name, ~~former~~or ~~address and~~ former ~~fiscal year~~address, if changed since last report.)

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.

~~Pursuant~~On ~~to the terms of related Series Supplements to the Second Amended and Restated Pooling and Servicing Agreement, dated as of March~~December 1412, 2006, ~~(together~~Skadden, ~~the “Agreements”) as amended from time to time~~Arps, ~~between Chase Bank USA~~Slate, ~~National~~Meagher & ~~Association~~Flom ~~(successor to~~LLP ~~Bank~~delivered ~~One,~~its ~~Delaware,~~tax ~~National~~opinion ~~Association,~~with ~~which~~respect into ~~turn succeeded First USA Bank, National Association), as transferor (~~the ~~“Transferor”)~~issuance and ~~servicer~~sale ~~(the~~of ~~“Servicer”)~~$300,000,000 ~~and The Bank~~ of ~~New~~additional ~~York~~Class A(~~Delaware~~2006-7) asCHASEseries ~~trustee (the “Trustee”)~~Notes, ~~relating~~ to ~~the~~be ~~Asset Backed Certificates listed below (the “Certificates”)~~ issued by ~~First USA Credit Card Master Trust (~~the ~~“Trust”),~~Chase ~~the~~Issuance Trustee made payments relating to the collections for the period of May 1 through May 31, 2006 (the “Collection Period”), on the Series Certificates to those persons in whose names the Certificates were registered as of the last business day of the Collection PeriodTrust.

Series

OriginalPrincipalAmount(Class A)

OriginalPrincipalAmount(Class B)

Pooling and ServicingSupplement Date

InterestType

InterestPayment

PrincipalPayment

1996-4

500,000,000

45,180,000

August 6, 1996

Floating

Yes

1997-4

500,000,000

45,180,000

June 10, 1997

Floating

Yes

1997-8

780,000,000

70,482,000

September 23, 1997

Floating

Yes

1998-6

800,000,000

72,289,000

August 27, 1998

Floating

Yes

* Interest relating to the collection period is set aside by the Trustee to fulfill quarterly interest payments on the February, May, August, and November Payment Dates

The 1996-4 Certificates, 1997-4 Certificates, 1997-8 Certificates, and 1998-6 Certificates (collectively the “Certificates”) represent beneficial ownership of a portion (the “Investor Interest”) of certain receivables (the “Receivables”) arising in certain credit card accounts (the “Accounts”). Reference is made to the Monthly Certificateholders’ Statements of the Trust, filed as Exhibits 99.02, 99.03, 99.04, and 99.05 to this report.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial ~~Statements~~Statement and Exhibits.

~~(d)~~The ~~Exhibits.~~following exhibit is filed as a part of this report:

~~The~~(8.1) ~~following~~Tax ~~exhibits~~Opinion ~~are~~of ~~filed~~Skadden, asArps, aSlate, ~~part~~Meagher & ofFlom ~~this~~LLP ~~report:~~

Exhibit No.		Description
(99.01)		Excess Spread Analysis
(99.02)		Monthly Certificateholders’ Statement of the Trust which contains information relating to the Series 1996-4 Certificates.
(99.03)		Monthly Certificateholders’ Statement of the Trust which contains information relating to the Series 1997-4 Certificates.
(99.04)		Monthly Certificateholders’ Statement of the Trust which contains information relating to the Series 1997-8 Certificates.
(99.05)		Monthly Certificateholders’ Statement of the Trust which contains information relating to the Series 1998-6 Certificates.

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 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: ~~June~~December 1512, 2006

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