Collateral: American Express Optima Card, Optima Line of Credit, and Sign and Travel/Special Payment Option accounts owned by American Express Centurion Bank. Underwriters: Citigroup, Barclays Capital, JPMorgan, Loop Capital Markets LLC, McDonald Investments, Utendahl Capital Partners L.P., and Wachovia Securities. Sellers: American Express Centurion Bank and American Express Receivables Financing Corp. II. Servicer: American Express Travel Related Services Co. Inc. Trustee: The Bank of New York. The ratings on American Express Credit Account Master Trust's certificates series 2003-4 reflect credit enhancement of 13.5% for the class A certificates and 7.5% for the class B certificates; strong and stable historical portfolio performance; and structural considerations, including subordination of interest payable to the collateral interest holder. Credit support for the class A
