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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED
  STATES</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES
  AND EXCHANGE COMMISSION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C.&#160; 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">Current Report Pursuant</font></b></p>
  
  <p align="center" style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">to Section&nbsp;13 or
  15(d)&nbsp;of the</font></b></p>
  
  <p align="center" style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">Securities Exchange Act
  of 1934</font></b></p>
  
  <p align="center" style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
  
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    <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report (Date of Earliest Event Reported)</font></p>
    </td>
    <td width="9%" valign="bottom" style="padding:0in 0in 0in 0in;width:9.16%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.84%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">May&nbsp;21, 2008</font></b></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">GE
  Capital Credit Card Master Note Trust</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">RFS
  Holding, L.L.C.</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">GE Money
  Bank</font></b></p>
  
  <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(Exact Name of
  Issuing Entity, Depositor/Registrant and Sponsor <br>
  as Specified in their respective Charters)</font></i></p>
  
  <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman">&nbsp;</font></i></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
  
  <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(State or Other
  Jurisdiction of Incorporation of Issuing Entity and Registrant)</font></i></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="48%" valign="bottom" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">333-107495</font></b></p>
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">333-107495-02</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">57-1173164 (RFS Holding, L.L.C.)<br> </font></b><b>&nbsp;20-0268039 (GE Capital Credit Card Master <br>
    Note Trust)</b></p>
    </td>
   </tr>
   <tr>
    <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(Commission File Numbers for Registrant <br>
    and Issuing Entity, respectively)</font></i></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
    <p style="font-style:italic;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:normal;">&nbsp;</font></i></p>
    </td>
    <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(Registrants&#146; I.R.S. Employer Identification Nos.<br> &nbsp;for Registrant and Issuing Entity,
    respectively)</font></i></p>
    </td>
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  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">777 Long Ridge Road Building B, 3<sup>rd</sup>
    Floor <br>
    Stamford, Connecticut</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="48%" valign="bottom" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">06927</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(Address of Principal Executive Offices)</font></i></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
    <p style="font-style:italic;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:normal;">&nbsp;</font></i></p>
    </td>
    <td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(Zip Code)</font></i></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(203) 585-6669</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(Registrant&#146;s Telephone Number, Including Area
    Code)</font></i></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not Applicable</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p align="center" style="font-style:italic;margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">(Former Name or Former Address, if Changed Since
    Last Report)</font></i></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box
    below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the
    filing obligation of the registrant under any of the following provisions:</font></p>
    </td>
   </tr>
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font> Written communications pursuant to
    Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</p>
    </td>
   </tr>
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font> Soliciting material pursuant to
    Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
    </td>
   </tr>
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font> Pre-commencement communications pursuant
    to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</p>
    </td>
   </tr>
   <tr>
    <td width="100%" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
    <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font> Pre-commencement communications pursuant
    to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</p>
    </td>
   </tr>
  </table>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  </div>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <div style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\dtodman\08-15228-1\task2960783\15228-1-ba.htm',USER='dtodman',CD='May 27 13:13 2008' -->
  
  
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  <div>
  
  <p align="center" style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 1.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Entry into Material Definitive
  Agreements.</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;22, 2008, GE
  Capital Credit Card Master Note Trust (the &#147;<u>Trust</u>&#148;) and Deutsche Bank
  Trust Company Americas, as indenture trustee (the &#147;<u>Indenture Trustee</u>&#148;)
  entered into the Fifth Amendment to Master Indenture, a copy of which is filed
  with this Form&nbsp;8-K as Exhibit&nbsp;4.1, pursuant to which the Trust and
  the Indenture Trustee amended certain provisions of the Master Indenture, dated
  as of September&nbsp;25, 2003, between the Trust and the Indenture Trustee.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;21, 2008, GE
  Money Bank and RFS Holding, L.L.C. entered into the Fourth Amendment to
  Receivables Sale Agreement, a copy of which is filed with this Form&nbsp;8-K as
  Exhibit&nbsp;4.2, pursuant to which GE Money Bank and RFS Holding, L.L.C.
  amended certain provisions of the Receivables Sale Agreement, dated as of June&nbsp;27,
  2003, between GE Money Bank and RFS Holding, L.L.C.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;22, 2008, pursuant
  to an Instrument of Resignation, Appointment and Acceptance and Third Amendment
  to Servicing Agreement (the &#147;<u>RSAA</u>&#148;), a copy of which is filed with this Form&nbsp;8-K
  as Exhibit&nbsp;4.3, GE Money Bank resigned, and General Electric Capital
  Corporation was appointed, as &#147;Servicer&#148; under the Servicing Agreement, dated
  as of June&nbsp;27, 2003 between the Trust and GE Money Bank (as amended, the &#147;<u>Servicing
  Agreement</u>&#148;).&#160; In conjunction with
  such appointment, also on May&nbsp;22, 2008, General Electric Capital
  Corporation, as servicer, entered into a Sub-Servicing Agreement (the &#147;<u>Sub-Servicing
  Agreement</u>&#148;), substantially in the form of Exhibit&nbsp;4.16 of Amendment No.&nbsp;2
  to Form&nbsp;S-3&#160; filed June&nbsp;14,
  2006 under file number&nbsp;333-130030.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;21, 2008, the
  Trust and RFS Holding, L.L.C. entered into the Sixth Amendment to Transfer
  Agreement, a copy of which is filed with this Form&nbsp;8-K as Exhibit&nbsp;4.4,
  pursuant to which the Trust and RFS Holding, L.L.C. amended certain provisions
  of the Transfer Agreement, dated as of September&nbsp;25, 2003, as amended by
  the Omnibus Amendment No.&nbsp;1 to Securitization Documents, dated as of February&nbsp;9,
  2004, the Second Amendment to Transfer Agreement, dated as of June&nbsp;17,
  2004, the Third Amendment to Transfer Agreement, dated as of November&nbsp;21,
  2004, the Fourth Amendment to Transfer Agreement, dated as of August&nbsp;31,
  2006, and the Fifth Amendment to Transfer Agreement, dated as of December&nbsp;21,
  2006, between the Trust and RFS Holding, L.L.C.</font></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 6.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Change of Servicer or Trustee.</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of May&nbsp;22, 2008, the Trust entered into the RSAA whereby GE
  Money Bank resigned as &#147;Servicer&#148; and General Electric Capital Corporation was
  appointed as &#147;Servicer&#148; under the Servicing Agreement.&#160; Also on May&nbsp;22, 2008, General Electric
  Capital Corporation and GE Money Bank entered into the Sub-Servicing Agreement
  pursuant to which GE Money Bank agreed to provide services as requested by
  General Electric Capital Corporation in connection with the servicing of the
  receivables pursuant to the Servicing Agreement.&#160; Prior to the servicing transfer on May&nbsp;22,
  2008, General Electric Capital Corporation had acted as sub-servicer for GE
  Money Bank.&#160; There is not expected to be
  a material change in the respective services provided by GE Money Bank and
  General Electric Capital Corporation to the Trust as a result of the servicing
  transfer.&#160; Because General Electric
  Capital Corporation was previously acting as a servicer for the Trust in its
  capacity as &#147;sub-servicer&#148;, the information required by Item 1108(b)&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
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  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">through (d)&nbsp;of Regulation AB regarding General Electric Capital
  Corporation was previously disclosed in the Prospectus dated June&nbsp;20, 2007
  filed pursuant to Rule&nbsp;424(b)(5)&nbsp;on June&nbsp;22, 2007.&#160; No fees will be payable by the Trust in
  connection with the servicing transfer.&#160;
  The servicing transfer will enable GE Money Bank to reduce its servicing
  liability to the Trust and allow it to diversify its funding sources.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Item 9.01.</font></b><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Financial
  Statements and Exhibits.</p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Not
  applicable.</p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Not
  applicable.</p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Not
  applicable.</p>
  
  <p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Exhibits.</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;No.</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="87%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:87.72%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Document&nbsp;Description</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fifth Amendment to Master Indenture, dated as of May&nbsp;22, 2008,
    between GE Capital Credit Card Master Note Trust and Deutsche Bank Trust
    Company Americas</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fourth Amendment to Receivables Sale Agreement, dated as of
    May&nbsp;21, 2008, between GE Money Bank and RFS Holding, L.L.C.</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Instrument of Resignation, Appointment and Acceptance and Third
    Amendment to Servicing Agreement, dated as of May&nbsp;22, 2008, between GE
    Capital Credit Card Master Note Trust, GE Money Bank and General Electric
    Capital Corporation</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.06%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.72%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sixth Amendment to Transfer Agreement, dated as of May&nbsp;21, 2008,
    between GE Capital Credit Card Master Note Trust and RFS Holding, L.L.C.</font></p>
    </td>
   </tr>
  </table>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\dtodman\08-15228-1\task2960783\15228-1-ba.htm',USER='dtodman',CD='May 27 13:13 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SIGNATURES</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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 hereunto
  duly authorized.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;27, 2008</font></p>
    </td>
    <td width="48%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RFS Holding, L.L.C., as depositor</font></p>
    </td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="48%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:48.88%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.44%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
    </td>
    <td width="44%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.44%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Ravi Ramanujam</font></p>
    </td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="7%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:7.78%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
    </td>
    <td width="41%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:41.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ravi Ramanujam</font></p>
    </td>
   </tr>
   <tr>
    <td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="7%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:7.78%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
    </td>
    <td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.12%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President</font></p>
    </td>
   </tr>
   <tr height="0">
    <td width="382" style="border:none;"></td>
    <td width="33" style="border:none;"></td>
    <td width="25" style="border:none;"></td>
    <td width="307" style="border:none;"></td>
   </tr>
  </table>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  
  <div style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\dtodman\08-15228-1\task2960783\15228-1-ba.htm',USER='dtodman',CD='May 27 13:13 2008' -->
  
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-15228_18k.htm", "description": "8-K", "secsgml_size_bytes": 35973}]
metadata_filer: [{"company-data": {"conformed-name": "GE Capital Credit Card Master Note Trust", "cik": "0001290098", "assigned-sic": "6189", "irs-number": "200268039", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-107495-02", "film-number": "08862070"}, "business-address": {"street1": "777 LONG RIDGE RD 3RD FLOOR, BLDG B", "city": "STAMFORD", "state": "CT", "zip": "06927", "phone": "2035852351"}, "mail-address": {"street1": "777 LONG RIDGE RD 3RD FLOOR, BLDG B", "city": "STAMFORD", "state": "CT", "zip": "06927"}}, {"company-data": {"conformed-name": "RFS HOLDING LLC", "cik": "0001226006", "assigned-sic": "6189", "irs-number": "571173164", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-107495", "film-number": "08862071"}, "business-address": {"street1": "777 LONG RIDGE RD 3RD FLOOR, BLDG B", "city": "STAMFORD", "state": "CT", "zip": "06927", "phone": "2035856669"}, "mail-address": {"street1": "777 LONG RIDGE RD 3RD FLOOR, BLDG B", "city": "STAMFORD", "state": "CT", "zip": "06927"}}]
text: 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)
  May 21, 2008
  GE
  Capital Credit Card Master Note Trust
  RFS
  Holding, L.L.C.
  GE Money
  Bank
  (Exact Name of
  Issuing Entity, Depositor/Registrant and Sponsor
  as Specified in their respective Charters)
  Delaware
  (State or Other
  Jurisdiction of Incorporation of Issuing Entity and Registrant)
  333-107495
  333-107495-02
  57-1173164 (RFS Holding, L.L.C.)
  20-0268039 (GE Capital Credit Card Master
  Note Trust)
  (Commission File Numbers for Registrant
  and Issuing Entity, respectively)
  (Registrants' I.R.S. Employer Identification Nos.
  for Registrant and Issuing Entity,
    respectively)
  777 Long Ridge Road Building B, 3
  rd
  Floor
  Stamford, Connecticut
  06927
  (Address of Principal Executive Offices)
  (Zip Code)
  (203) 585-6669
  (Registrant's Telephone Number, Including Area
    Code)
  Not Applicable
  (Former Name or Former 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:
  o
  Written communications pursuant to
    Rule 425 under the Securities Act (17 CFR 230.425)
  o
  Soliciting material pursuant to
    Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement communications pursuant
    to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  o
  Pre-commencement communications pursuant
    to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Item 1.01.              Entry into Material Definitive
  Agreements.
  On May 22, 2008, GE
  Capital Credit Card Master Note Trust (the "
  Trust
  ") and Deutsche Bank
  Trust Company Americas, as indenture trustee (the "
  Indenture Trustee
  ")
  entered into the Fifth Amendment to Master Indenture, a copy of which is filed
  with this Form 8-K as Exhibit 4.1, pursuant to which the Trust and
  the Indenture Trustee amended certain provisions of the Master Indenture, dated
  as of September 25, 2003, between the Trust and the Indenture Trustee.
  On May 21, 2008, GE
  Money Bank and RFS Holding, L.L.C. entered into the Fourth Amendment to
  Receivables Sale Agreement, a copy of which is filed with this Form 8-K as
  Exhibit 4.2, pursuant to which GE Money Bank and RFS Holding, L.L.C.
  amended certain provisions of the Receivables Sale Agreement, dated as of June 27,
  2003, between GE Money Bank and RFS Holding, L.L.C.
  On May 22, 2008, pursuant
  to an Instrument of Resignation, Appointment and Acceptance and Third Amendment
  to Servicing Agreement (the "
  RSAA
  "), a copy of which is filed with this Form 8-K
  as Exhibit 4.3, GE Money Bank resigned, and General Electric Capital
  Corporation was appointed, as "Servicer" under the Servicing Agreement, dated
  as of June 27, 2003 between the Trust and GE Money Bank (as amended, the "
  Servicing
  Agreement
  ").  In conjunction with
  such appointment, also on May 22, 2008, General Electric Capital
  Corporation, as servicer, entered into a Sub-Servicing Agreement (the "
  Sub-Servicing
  Agreement
  "), substantially in the form of Exhibit 4.16 of Amendment No. 2
  to Form S-3  filed June 14,
  2006 under file number 333-130030.
  On May 21, 2008, the
  Trust and RFS Holding, L.L.C. entered into the Sixth Amendment to Transfer
  Agreement, a copy of which is filed with this Form 8-K as Exhibit 4.4,
  pursuant to which the Trust and RFS Holding, L.L.C. amended certain provisions
  of the Transfer Agreement, dated as of September 25, 2003, as amended by
  the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9,
  2004, the Second Amendment to Transfer Agreement, dated as of June 17,
  2004, the Third Amendment to Transfer Agreement, dated as of November 21,
  2004, the Fourth Amendment to Transfer Agreement, dated as of August 31,
  2006, and the Fifth Amendment to Transfer Agreement, dated as of December 21,
  2006, between the Trust and RFS Holding, L.L.C.
  Item 6.02.              Change of Servicer or Trustee.
  As of May 22, 2008, the Trust entered into the RSAA whereby GE
  Money Bank resigned as "Servicer" and General Electric Capital Corporation was
  appointed as "Servicer" under the Servicing Agreement.  Also on May 22, 2008, General Electric
  Capital Corporation and GE Money Bank entered into the Sub-Servicing Agreement
  pursuant to which GE Money Bank agreed to provide services as requested by
  General Electric Capital Corporation in connection with the servicing of the
  receivables pursuant to the Servicing Agreement.  Prior to the servicing transfer on May 22,
  2008, General Electric Capital Corporation had acted as sub-servicer for GE
  Money Bank.  There is not expected to be
  a material change in the respective services provided by GE Money Bank and
  General Electric Capital Corporation to the Trust as a result of the servicing
  transfer.  Because General Electric
  Capital Corporation was previously acting as a servicer for the Trust in its
  capacity as "sub-servicer", the information required by Item 1108(b)
  2
  through (d) of Regulation AB regarding General Electric Capital
  Corporation was previously disclosed in the Prospectus dated June 20, 2007
  filed pursuant to Rule 424(b)(5) on June 22, 2007.  No fees will be payable by the Trust in
  connection with the servicing transfer. 
  The servicing transfer will enable GE Money Bank to reduce its servicing
  liability to the Trust and allow it to diversify its funding sources.
  Item 9.01.
  Financial
  Statements and Exhibits.
  (a)
  Not
  applicable.
  (b)
  Not
  applicable.
  (c)
  Not
  applicable.
  (d)
  Exhibits.
  Exhibit No.
  Document Description
  4.1
  Fifth Amendment to Master Indenture, dated as of May 22, 2008,
    between GE Capital Credit Card Master Note Trust and Deutsche Bank Trust
    Company Americas
  4.2
  Fourth Amendment to Receivables Sale Agreement, dated as of
    May 21, 2008, between GE Money Bank and RFS Holding, L.L.C.
  4.3
  Instrument of Resignation, Appointment and Acceptance and Third
    Amendment to Servicing Agreement, dated as of May 22, 2008, between GE
    Capital Credit Card Master Note Trust, GE Money Bank and General Electric
    Capital Corporation
  4.4
  Sixth Amendment to Transfer Agreement, dated as of May 21, 2008,
    between GE Capital Credit Card Master Note Trust and RFS Holding, L.L.C.
  3
  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 hereunto
  duly authorized.
  May 27, 2008
  RFS Holding, L.L.C., as depositor
  By:
  /s/ Ravi Ramanujam
  Name:
  Ravi Ramanujam
  Title:
  Vice President
  4