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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): January&nbsp;28, 2019 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-141703-02;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">333-167413;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">333-191359;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-205455-01;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-228025-02</FONT></FONT></B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">333-141703;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-167413-02;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-191359-02;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-205455-02;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-228025-01;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">000-23108</FONT></B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">333-205455;</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">333-228025</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-141703-01;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-167413-01;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-191359-01;</FONT></FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">033-54804</FONT></B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>DISCOVER CARD<BR>EXECUTION NOTE TRUST</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>DISCOVER CARD<BR>MASTER TRUST I</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>DISCOVER FUNDING<BR>LLC</B></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>DISCOVER BANK</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Exact name of issuing<BR>entity in respect of the notes<BR>as specified in charter)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(Exact name of issuing<BR>entity in respect of the<BR>Series <FONT STYLE="white-space:nowrap">2007-CC</FONT> Collateral Certificate)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Exact name of depositor as<BR>specified in charter)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Exact name of sponsor as<BR>specified in charter)</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(State or jurisdiction<BR>of incorporation or organization<BR>of the issuing entity)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(State or jurisdiction<BR>of incorporation or organization<BR>of the issuing entity)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(State or jurisdiction<BR>of incorporation or organization<BR>of the depositor)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(State or jurisdiction<BR>of incorporation or organization<BR>of the sponsor)</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>c/o Wilmington Trust Company<BR>Rodney Square North<BR>1100 North Market Street<BR>Wilmington, Delaware<BR>19890-0001</B></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>c/o Discover Bank<BR>12 Read&#146;s Way<BR>New Castle, Delaware<BR>19720</B></TD>
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<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Discover Funding LLC</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>12 Read&#146;s Way<BR>New Castle, Delaware<BR>19720</B></P></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>Discover Bank<BR>12 Read&#146;s Way<BR>New Castle, Delaware<BR>19720</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive<BR>offices of the issuing entity)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive<BR>offices of the issuing entity)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive<BR>offices of the depositor)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive<BR>offices of the sponsor)</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">51-0020270</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer Identification No. of the sponsor) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">47-4047337</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer Identification No. of the depositor) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(302) <FONT STYLE="white-space:nowrap">323-7315</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Telephone, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Former name or former address, if changed since last report: Not Applicable </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left">Item&nbsp;1.01</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Entry into Material Definitive Agreements</U> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On January&nbsp;28, 2019, Discover Card Execution Note Trust, Discover Bank and Discover Funding LLC entered into an Underwriting Agreement by
and among Discover Card Execution Note Trust, Discover Bank, Discover Funding LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. (the &#147;<U>Class</U><U></U><U><FONT STYLE="white-space:nowrap">&nbsp;A(2019-1)</FONT> Underwriting
Agreement</U>&#148;), with respect to notes to be issued by Discover Card Execution Note Trust in one or more series, classes and tranches (the &#147;<U>Class</U><U></U><U><FONT STYLE="white-space:nowrap">&nbsp;A(2019-1)</FONT> Notes</U>&#148;)
pursuant to the Amended and Restated Indenture, dated as of December&nbsp;22, 2015, as supplemented by the Second Amended and Restated Indenture Supplement, dated as of December&nbsp;22, 2015 (as so supplemented and as otherwise modified or amended
from time to time, the &#147;<U>Indenture</U>&#148;), and a Terms Document having the date stated in the applicable Terms Agreement, between Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee. A
copy of the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Underwriting Agreement is filed as <U>Exhibit 1.1</U> to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On January&nbsp;28, 2019, Discover Card Execution Note Trust, Discover Bank and Discover Funding LLC entered into a Terms Agreement with
Barclays Capital Inc. and Citigroup Global Markets Inc. with respect to the issuance of $1,250,000,000 principal amount of <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> DiscoverSeries Notes of Discover Card Execution Note Trust (the
&#147;<U>Class</U><U></U><U><FONT STYLE="white-space:nowrap">&nbsp;A(2019-1)</FONT> Terms Agreement</U>&#148;). A copy of the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Terms Agreement is filed as <U>Exhibit 1.2</U> to this Current
Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On or about February&nbsp;1, 2019,
Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee, intend to enter into the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Terms Document. An unexecuted copy of the <FONT
STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Terms Document is filed as <U>Exhibit 4.1</U> to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On or about February&nbsp;1, 2019, Discover Card Execution Note Trust, Discover Funding LLC and Discover Bank intend to enter into a Risk
Retention Agreement with respect to the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Notes (the &#147;<U>Class</U><U></U><U><FONT STYLE="white-space:nowrap">&nbsp;A(2019-1)</FONT> Risk Retention Agreement</U>&#148;). An unexecuted
copy of the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Risk Retention Agreement is filed as <U>Exhibit 4.2</U> to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the issuance of the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Notes, the chief executive officer of
Discover Funding LLC has delivered a Depositor Certification for Shelf Offerings of Asset-Backed Securities, dated as of January&nbsp;28, 2019 (the &#147;<U>Class</U><U></U><U><FONT STYLE="white-space:nowrap">&nbsp;A(2019-1)</FONT>
Certification</U>&#148;). A copy of the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Certification is filed as <U>Exhibit 36.1</U> to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and is incorporated herein
by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left">Item&nbsp;8.01</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Other Events</U> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the issuance of the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Notes, Mayer Brown LLP, counsel to Discover
Bank and Discover Card Execution Note Trust, has delivered (i)&nbsp;an opinion to Discover Funding LLC (as beneficiary of Discover Card Execution Note Trust), dated January 29, 2019, regarding the legality of the
<FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Notes upon issuance and sale thereof on or about February&nbsp;1, 2019; and (ii)&nbsp;an opinion to Discover Funding LLC (as beneficiary of
</P>
</DIV></Center>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Discover Card Execution Note Trust), dated January&nbsp;29, 2019, as to certain federal tax matters concerning the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Notes. A copy of
the opinion as to legality is filed as Exhibit 5.1 to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K,</FONT> and a copy of the opinion as to certain federal tax matters is filed as Exhibit 8.1 to this Current Report on Form <FONT
STYLE="white-space:nowrap">8-K.</FONT> </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left">Item&nbsp;9.01</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Exhibits</U> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; ">Exhibit&nbsp;No.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman">Description</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><A HREF="d674706dex11.htm">Exhibit&nbsp;1.1</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Underwriting Agreement, dated January&nbsp;28, 2019, among Discover Card Execution Note Trust, Discover Bank, Discover Funding LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. with respect to the <FONT
STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> DiscoverSeries Notes</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><A HREF="d674706dex12.htm">Exhibit 1.2</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms Agreement, dated January&nbsp;28, 2019, among Discover Card Execution Note Trust, Discover Bank, Discover Funding LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. with respect to the
<FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> DiscoverSeries Notes, excluding Annexes</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><A HREF="d674706dex41.htm">Exhibit 4.1</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> Terms Document, between Discover Card Execution Note Trust, as Issuer, and U.S.&nbsp;Bank National Association, as Indenture Trustee</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><A HREF="d674706dex42.htm">Exhibit 4.2</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Risk Retention Agreement, among Discover Card Execution Note Trust, Discover Funding LLC and Discover Bank with respect to the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> DiscoverSeries Notes</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><A HREF="d674706dex51.htm">Exhibit 5.1</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Mayer Brown LLP as to the legality of the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> DiscoverSeries Notes</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><A HREF="d674706dex81.htm">Exhibit 8.1</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Mayer Brown LLP as to certain federal tax matters concerning the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> DiscoverSeries Notes</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP><A HREF="d674706dex361.htm">Exhibit&nbsp;36.1</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Depositor Certification for Shelf Offerings of Asset-Backed Securities, dated January&nbsp;28, 2019, with respect to the <FONT STYLE="white-space:nowrap">Class&nbsp;A(2019-1)</FONT> DiscoverSeries Notes</TD></TR>
</TABLE>
</DIV></Center>


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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>SIGNATURES </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: January&nbsp;29, 2019 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Discover Funding LLC</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">(as Depositor for Discover Card Master Trust I and Discover Card Execution Note Trust and as registrant under Commission File Number <FONT STYLE="white-space:nowrap">333-228025)</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Patricia S. Hall</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Patricia S. Hall</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President, Chief Financial Officer and Treasurer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Discover Bank</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">(as registrant under Commission File Numbers <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-141703-01,</FONT></FONT>
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-167413-01</FONT></FONT> and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">333-191359-01)</FONT></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Patricia S. Hall</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Patricia S. Hall</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President, Chief Financial Officer and Assistant Treasurer</TD></TR>
</TABLE></DIV>
</DIV></Center>

</BODY></HTML>
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8-K
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): January 28, 2019
Commission File Number:
333-141703-02;
333-167413;
333-191359;
333-205455-01;
333-228025-02
Commission File Number:
333-141703;
333-167413-02;
333-191359-02;
333-205455-02;
333-228025-01;
000-23108
Commission File Number:
333-205455;
333-228025
Commission File Number:
333-141703-01;
333-167413-01;
333-191359-01;
033-54804
DISCOVER CARD
EXECUTION NOTE TRUST
DISCOVER CARD
MASTER TRUST I
DISCOVER FUNDING
LLC
DISCOVER BANK
(Exact name of issuing
entity in respect of the notes
as specified in charter)
(Exact name of issuing
entity in respect of the
Series
2007-CC
Collateral Certificate)
(Exact name of depositor as
specified in charter)
(Exact name of sponsor as
specified in charter)
Delaware
Delaware
Delaware
Delaware
(State or jurisdiction
of incorporation or organization
of the issuing entity)
(State or jurisdiction
of incorporation or organization
of the issuing entity)
(State or jurisdiction
of incorporation or organization
of the depositor)
(State or jurisdiction
of incorporation or organization
of the sponsor)
c/o Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, Delaware
19890-0001
c/o Discover Bank
12 Read's Way
New Castle, Delaware
19720
Discover Funding LLC
12 Read's Way
New Castle, Delaware
19720
Discover Bank
12 Read's Way
New Castle, Delaware
19720
(Address of principal executive
offices of the issuing entity)
(Address of principal executive
offices of the issuing entity)
(Address of principal executive
offices of the depositor)
(Address of principal executive
offices of the sponsor)
51-0020270
(IRS Employer Identification No. of the sponsor)
47-4047337
(IRS Employer Identification No. of the depositor)
(302)
323-7315
(Telephone, including area code)
Former name or former address, if changed since last report: Not Applicable
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company  ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act.  ☐
Item 1.01
Entry into Material Definitive Agreements
On January 28, 2019, Discover Card Execution Note Trust, Discover Bank and Discover Funding LLC entered into an Underwriting Agreement by
and among Discover Card Execution Note Trust, Discover Bank, Discover Funding LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. (the "
Class
A(2019-1)
Underwriting
Agreement
"), with respect to notes to be issued by Discover Card Execution Note Trust in one or more series, classes and tranches (the "
Class
A(2019-1)
Notes
")
pursuant to the Amended and Restated Indenture, dated as of December 22, 2015, as supplemented by the Second Amended and Restated Indenture Supplement, dated as of December 22, 2015 (as so supplemented and as otherwise modified or amended
from time to time, the "
Indenture
"), and a Terms Document having the date stated in the applicable Terms Agreement, between Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee. A
copy of the
Class A(2019-1)
Underwriting Agreement is filed as
Exhibit 1.1
to this Current Report on Form
8-K
and is incorporated herein by reference.
On January 28, 2019, Discover Card Execution Note Trust, Discover Bank and Discover Funding LLC entered into a Terms Agreement with
Barclays Capital Inc. and Citigroup Global Markets Inc. with respect to the issuance of $1,250,000,000 principal amount of
Class A(2019-1)
DiscoverSeries Notes of Discover Card Execution Note Trust (the
"
Class
A(2019-1)
Terms Agreement
"). A copy of the
Class A(2019-1)
Terms Agreement is filed as
Exhibit 1.2
to this Current
Report on Form
8-K
and is incorporated herein by reference.
On or about February 1, 2019,
Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee, intend to enter into the
Class A(2019-1)
Terms Document. An unexecuted copy of the
Class A(2019-1)
Terms Document is filed as
Exhibit 4.1
to this Current Report on Form
8-K
and is incorporated herein by reference.
On or about February 1, 2019, Discover Card Execution Note Trust, Discover Funding LLC and Discover Bank intend to enter into a Risk
Retention Agreement with respect to the
Class A(2019-1)
Notes (the "
Class
A(2019-1)
Risk Retention Agreement
"). An unexecuted
copy of the
Class A(2019-1)
Risk Retention Agreement is filed as
Exhibit 4.2
to this Current Report on Form
8-K
and is incorporated herein by reference.
In connection with the issuance of the
Class A(2019-1)
Notes, the chief executive officer of
Discover Funding LLC has delivered a Depositor Certification for Shelf Offerings of Asset-Backed Securities, dated as of January 28, 2019 (the "
Class
A(2019-1)
Certification
"). A copy of the
Class A(2019-1)
Certification is filed as
Exhibit 36.1
to this Current Report on Form
8-K
and is incorporated herein
by reference.
Item 8.01
Other Events
In connection with the issuance of the
Class A(2019-1)
Notes, Mayer Brown LLP, counsel to Discover
Bank and Discover Card Execution Note Trust, has delivered (i) an opinion to Discover Funding LLC (as beneficiary of Discover Card Execution Note Trust), dated January 29, 2019, regarding the legality of the
Class A(2019-1)
Notes upon issuance and sale thereof on or about February 1, 2019; and (ii) an opinion to Discover Funding LLC (as beneficiary of
Discover Card Execution Note Trust), dated January 29, 2019, as to certain federal tax matters concerning the
Class A(2019-1)
Notes. A copy of
the opinion as to legality is filed as Exhibit 5.1 to this Current Report on Form
8-K,
and a copy of the opinion as to certain federal tax matters is filed as Exhibit 8.1 to this Current Report on Form
8-K.
Item 9.01
Exhibits
Exhibit No.
Description
Exhibit 1.1
Underwriting Agreement, dated January 28, 2019, among Discover Card Execution Note Trust, Discover Bank, Discover Funding LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. with respect to the
Class A(2019-1)
DiscoverSeries Notes
Exhibit 1.2
Terms Agreement, dated January 28, 2019, among Discover Card Execution Note Trust, Discover Bank, Discover Funding LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. with respect to the
Class A(2019-1)
DiscoverSeries Notes, excluding Annexes
Exhibit 4.1
Form of
Class A(2019-1)
Terms Document, between Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee
Exhibit 4.2
Form of Risk Retention Agreement, among Discover Card Execution Note Trust, Discover Funding LLC and Discover Bank with respect to the
Class A(2019-1)
DiscoverSeries Notes
Exhibit 5.1
Opinion of Mayer Brown LLP as to the legality of the
Class A(2019-1)
DiscoverSeries Notes
Exhibit 8.1
Opinion of Mayer Brown LLP as to certain federal tax matters concerning the
Class A(2019-1)
DiscoverSeries Notes
Exhibit 36.1
Depositor Certification for Shelf Offerings of Asset-Backed Securities, dated January 28, 2019, with respect to the
Class A(2019-1)
DiscoverSeries Notes
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: January 29, 2019
Discover Funding LLC
(as Depositor for Discover Card Master Trust I and Discover Card Execution Note Trust and as registrant under Commission File Number
333-228025)
By:
/s/ Patricia S. Hall
Patricia S. Hall
Vice President, Chief Financial Officer and Treasurer
Discover Bank
(as registrant under Commission File Numbers
333-141703-01,
333-167413-01
and
333-191359-01)
By:
/s/ Patricia S. Hall
Patricia S. Hall
Vice President, Chief Financial Officer and Assistant Treasurer