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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

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.

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 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

State the aggregate market value of the voting stock held by non-affiliates of the Registrant.    Not Applicable.

PART I

Item 1.     Business.

                 Omitted pursuant to a no-action letter dated February 4, 1994 (the “No-Action Letter”), issued by the Commission staff with respect to certain of the Registrant’s reporting requirements pursuant to Section 13 or 15(d) of the Act.

Item 2.     Properties.

                 Pursuant to the No-Action Letter, reference is made to the Annual Certificates of Servicer referred to in Items 8 and 14 hereof.

Item 3.     Legal Proceedings.

Contract Settlement

          In July 2002, CSX Transportation Inc. (“CSXT”) received $44 million as the first of two payments to settle a contract dispute.  During 2002, CSXT recognized approximately $7 million of this first payment in other income as this amount related to prior periods. The remaining $37 million will be recognized ratably over the contract period which ends in 2020. The second payment of $23 million was received on January 2, 2003 and will be recognized over the contract period which ends in 2020. The results of this settlement will provide approximately $3 million in annual pretax earnings through 2020.

Other  Legal Proceedings

          A number of other legal actions are pending against CSXT in which claims are made in substantial amounts.  While the ultimate results of these legal actions cannot be predicted with certainty, management does not currently expect that the resolution of these matters will have a material adverse effect on CSXT’s consolidated financial position, results of operations or cash flows.  CSXT is also party to a number of actions, the resolution of which could result in gain realization in amounts that could be material to results of operations in the quarter received.

Item 4.     Submission of Matters to a Vote of Security Holders.

                 None.

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PART II

Item 5.     Market for Registrant’s Common Equity and Related Stockholder Matters.

Item 6.     Selected Financial Data.

                 Omitted pursuant to the No-Action Letter.

Item 7.     Management’s Discussion and Analysis of Financial Condition and Results of Operation.

                 Omitted pursuant to the No-Action Letter.

Item 8.     Financial Statements and Supplementary Data.

                 CSXT, as servicer (in such capacity, the “Servicer”) has delivered the Annual Certificate of Servicer to the Trustee, a copy of which is attached hereto as Exhibit 99.1.  The certificate was provided pursuant to Section 3.06 of the Amended and Restated Pooling and Servicing Agreement dated as of October 27, 1993, as such Agreement has been amended and supplemented (the “Agreement”).

                 Pursuant to Section 3.07 of the Agreement, Ernst & Young LLP has furnished a report on management’s assertion regarding the compliance of the Servicer with certain terms and conditions in the Agreement and on the comparison of mathematical calculations of amounts set forth in the Certificateholders’ Distribution Date Statements with the Servicer’s computer records, with respect to the Certificates.  A copy of the report is attached hereto as Exhibit 99.2.

Item 9.     Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

                 None.

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PART III

Item 10.     Directors, Executive Officers, Promoters and Control Persons of the Registrant.

                   Omitted pursuant to the No-Action Letter.

Item 11.     Executive Compensation.

                   Omitted pursuant to the No-Action Letter.

Item 12.     Security Ownership of Certain Beneficial Owners and Management.

                   (a)     As of December 27, 2002:

                   (b)     Omitted pursuant to the No-Action Letter.

                   (c)     Omitted pursuant to the No-Action Letter.

Item 13.     Certain Relationships and Related Transactions.

                  There have not been, and there are not currently proposed, any transactions or series of transactions, to which either the Registrant, CSXT, as Servicer, or the Trustee, on behalf of the Trust, is a party with any Certificateholder who owns of record or beneficially more than five percent of the Certificates.  Information regarding servicing compensation received by CSXT is set forth in the monthly Certificateholders’ Distribution Date Statements filed on Form 8-K, as referenced under Item 14 hereof.

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PART IV

Item 14.     Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

                   (a)     Exhibits.

                   (b)     Reports on Form 8-K.

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                   (c)     Omitted pursuant to the No-Action Letter.

                   (d)     Omitted pursuant to the No-Action Letter.

                   * Filed Herewith

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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.

                   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.

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Certification

I, David H. Baggs, certify that:

1.     I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of CSX Trade Receivables Corporation;

2.     Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;

3.     Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;

4.     Based on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the trustee in accordance with the terms of the pooling and servicing, or similar, agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under the servicing agreement; and

5.     The reports disclose all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review as set forth in the pooling and servicing, or similar, agreement, that is included in these reports. 

In giving the certifications above, I have reasonably relied on information provided to me by the following parties: CSX Transportation Inc., as servicer, and JP Morgan Chase Bank, fka The Chase Manhattan Bank, as Trustee

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EXHIBIT INDEX

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