[Ernst & Young LLP Letterhead]
Report of Independent Registered Public Accounting Firm
Board of Directors
The Bank of New York
We have examined managements assertions, included in the accompanying Managements Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, that The Bank of New York (the Company) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commissions Regulation AB for the asset-backed securities transactions for which the Company served as trustee that are backed by the same asset type backing the asset-backed securities transactions completed by the BA Credit Card Trust (including the asset-backed securities transactions completed by the BA Credit Card Trust) that were completed on or after January 1, 2006 by issuers with a fiscal year end of June 30, 2006, and that were registered with the SEC pursuant to the Securities Act of 1933 (the Platform) except for criteria 1122(d)(1)(i)-(iv), 1122(d)(2)(iii), 1122(d)(2)(vi)-(vii), 1122(d)(3)(i), 1122(d)(4)(i), and 1122(d)(4)(iii)-(xv), which management has determined are not applicable to the activities performed by the Company with respect to the Platform. Management is responsible for the Companys compliance with the servicing criteria. Our responsibility is to express an opinion on managements assertion about the Companys compliance with the servicing criteria based on our examination.
Our examination was conducted in accordance with standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Companys compliance with the servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included selection of a sample of transactions and compliance activities related to the Platform during the examination period, and determining whether the Company processed those transactions and performed those activities in compliance with the servicing criteria. Our testing of selected transactions and compliance activities was limited to calculations, reports, and activities performed by the Company during the period covered by this report. Our procedures did not include determining whether errors may have occurred prior to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Companys compliance with the servicing criteria.
In our opinion, managements assertion that the Company complied with the aforementioned servicing criteria as of June 30, 2006 and for the period from January 1, 2006 through June 30, 2006 for the Platform is fairly stated, in all material respects.
/s/ Ernst & Young LLP
September 20, 2006