DISCOVER CARD MASTER TRUST
I
CREDIT CARD PASS-THROUGH
CERTIFICATES
To: Discover Bank,
as Seller under the Amended and Restated Pooling and Servicing
Agreement, dated as of November 3, 2004.
Re:
Underwriting Agreement dated
December 9, 2005
Discover Card
Master Trust I, Series 2005-4 Floating Rate Class A,
Subseries 1 Credit Card Pass-Through Certificates;
Discover Card
Master Trust I, Series 2005-4 Floating Rate Class B,
Subseries 1 Credit Card Pass-Through Certificates;
Discover Card
Master Trust I, Series 2005-4 Floating Rate Class A,
Subseries 2 Credit Card Pass-Through Certificates; and
Discover Card
Master Trust I, Series 2005-4 Floating Rate Class B,
Subseries 2 Credit Card Pass-Through Certificates.
Initial
Principal Amount of Certificates : $1,578,949,000
Series and
Class Designation Schedule :
Discover Card
Master Trust I, Series 2005-4 $700,000,000 Floating Rate
Class A, Subseries 1 Credit Card Pass-Through
Certificates;
Discover Card
Master Trust I, Series 2005-4 $36,843,000 Floating Rate
Class B, Subseries 1 Credit Card Pass-Through
Certificates;
Discover Card
Master Trust I, Series 2005-4 $800,000,000 Floating Rate
Class A, Subseries 2 Credit Card Pass-Through Certificates;
and
Discover Card
Master Trust I, Series 2005-4 $42,106,000 Floating Rate
Class B, Subseries 2 Credit Card Pass-Through
Certificates
Series Cut-Off Date : December 1, 2005
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Expected
Certificate
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Moody’s Investors
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Standard &
Poor’s
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Rating:
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Service, Inc.
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Ratings Services
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Aaa
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AAA
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A2
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A
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Aaa
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AAA
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A2
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A
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Aggregate
outstanding balance of Receivables in the Discover Card Master
Trust I as of December 1, 2005 : $33,115,251,541.23
Expected
Date of Series Supplement : December 16, 2005.
Class A,
Subseries 1: One-month LIBOR plus 0.06% per annum;
Class B, Subseries 1: One-month LIBOR plus 0.25% per
annum;
Class A,
Subseries 2: One-month LIBOR plus 0.09% per annum; and
Class B, Subseries 2: One-month LIBOR plus 0.33% per
annum.
1:06 P.M. New
York City time on December 9, 2005.
Time of Sale
Information :
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