UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2001 Commission file number: [0-17270]
JCP MASTER CREDIT CARD TRUST
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(Issuer of the Certificates)
STAR RECEIVABLES FUNDING, INC.
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(Exact name of registrant as specified in its charter)
Delaware 74-2932856
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(State of incorporation) (I.R.S. Employer ID No.)
1600 Summer Street, Stamford, CT 06927
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 203-357-4416
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Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Title of each Class
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5.50% Class A Asset Backed Certificates, Series E
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
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Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]
The registrant has no voting or non-voting common equity held by non-affiliates.
DOCUMENTS INCORPORATED BY REFERENCE: None
THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION H(1)(a) AND
(b) OF FORM 10-K AND IS THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE
FORMAT.
This Annual Report on Form 10-K for JCP Master Credit Card Trust is filed in
reliance upon certain no-action letters issued by the Office of the Chief
Counsel, Division of Corporation Finance of the Securities and Exchange
Commission relating to similar trusts stating that the Commission will not
object if such trusts file reports pursuant to Section 13 and 15(d) of the
Securities Exchange Act of 1934 in the manner described in such letters.
Accordingly, certain items herein which do not require a response shall be
designated "Not Applicable."
PART I
1. Business.
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Not applicable.
2. Properties.
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Not applicable.
3. Legal Proceedings.
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None.
4. Submission of Matters to a Vote of Security Holders.
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None.
PART II
5. Market for Registrant's Common Equity and Related Stockholder Matters.
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As of the date hereof, there was one Certificateholder of record for
Series E. As of February 28, 2002, the Exchangeable Certificate
represented principal receivables aggregating approximately
$478,576,005 or 37.65% of the principal receivables held by the Trust.
6. Selected Financial Data.
Not applicable.
7. Management's Discussion and Analysis of Financial Condition and Results
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of Operations.
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Not applicable.
7A. Quantitative and Qualitative Disclosures About Market Risk.
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Not applicable.
8. Financial Statements and Supplementary Data.
Not applicable.
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9. Changes in and Disagreements with Accountants on Accounting and
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Financial Disclosure.
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None.
PART III
10. Directors and Executive Officers of the Registrant.
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Not applicable.
11. Executive Compensation.
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Not applicable.
12. Security Ownership of Certain Beneficial Owners and Management.
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(a) Security ownership of certain beneficial owners.
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The registrant has no knowledge as to beneficial ownership of
more than 5% of its voting securities held by non-affiliates.
(b) Security ownership of management.
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Not applicable.
(c) Changes in control.
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Not applicable.
13. Certain Relationships and Related Transactions.
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None, except that information concerning the compensation paid to Star
and General Electric Capital Corporation by the Trust is contained in
Exhibits 99.1 hereto, which is incorporated herein by reference.
PART IV
14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
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(a) The following documents are filed as part of this Report:
3. Exhibits:
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99.1 Annual Certificateholders' Statement for the
year ended December 31, 2001 - Series E
(Class A).
99.2 Examination Report of Independent Certified
Public Accountants on the Monthly Servicer's
Certificates. The Monthly Servicer's
Certificates referred to therein are not
attached to the Examination Report but will
be made available upon request.
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(b) Reports on Form 8-K filed with respect to fiscal 2001.
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Form 8-K dated February [15], 2001.
Form 8-K dated March [15], 2001.
Form 8-K dated April [16], 2001.
Form 8-K dated May [15], 2001.
Form 8-K dated June [15], 2001.
Form 8-K dated July [16], 2001.
Form 8-K dated August [15], 2001.
Form 8-K dated September [17], 2001.
Form 8-K dated October [15], 2001.
Form 8-K dated November [15], 2001.
Form 8-K dated December [15], 2001.
Form 8-K dated January [15], 2002.
In each of such filings, Monthly Certificateholders'
Statements for Series E were reported.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
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STAR RECEIVABLES FUNDING, INC.,
on behalf of
JCP Master Credit Card Trust,
Dated: [March 29, 2002] By /s/ Ricky Davis
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Ricky Davis
Vice President and
Assistance Secretary
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Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
Signature Title Date
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/s/ Glen Messina
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Glen Messina President and March 29, 2002
a Director
/s/ Steve A. Poulin
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Steve A. Poulin Vice President and March 29, 2002
Director
/s/ Ricky Davis
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Ricky Davis Vice President and March 29, 2002
Assistant Secretary
/s/ Gary Masso
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Gary Masso Vice President and March 29, 2002
Assistant Secretary
/s/ Laura Dawson
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Laura Dawson Vice President and March 29, 2002
Assistant Secretary
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EXHIBIT INDEX
Exhibit
No. Exhibit
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99.1 Annual Certificateholders' Statement for the year ended
December 31, 2001 - Series E (Class A)
99.2 Examination Report of Independent Certified Public
Accountants on the Monthly Servicer's Certificates
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