UNITED STATES
                  SECURITIES AND EXCHANGE COMMMISSION
                       Washington, D.C. 20549


                              FORM 8-K
                           Current Report
                Pursuant to Section 13 or 15d of the
                  Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  November 15, 2002


                   First Consumers National Bank
                   First Consumers Master Trust

   (Exact name of co-registrants as specified in their charter)


Illinois                 333-48860 and     93-0982044
                         333-48860-01


(State of incorporation  (Commission file  (I.R.S. Employer
 of First Consumers       numbers)          Indentification No.
 Master Trust)                              of First Consumers
                                            National Bank)


   9300 S.W. Gemini Drive,
   Beaverton, OR                               97008
  (Address of principal executive offices
   of First Consumers National Bank)          (Zip Code)


                            (800) 876-3262
(First Consumers National Bank telephone number, including area code)

                               No Change
  (Former name or Former address, if changed since last report)



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Item 5. Other events


On November 15, 2002, First Consumers Credit Card Master Note Trust made
available the Monthly Noteholders' Statement for the monthly period beginning
October 1, 2002 and ending October 31, 2002, which is attached as
Exhibit 20.1 hereto.



Item 7.  Financial Statements and Exhibits.


(c)  Exhibits

     Exhibit 20.1          Monthly Noteholders' Statement





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrants have duly caused this report to be signed on their behalf
by the undersigned hereunto duly authorized.


                                  FIRST CONSUMERS NATIONAL BANK
                                  (Co-Registrant)

Dated: January 10, 2003           By:    /s/ James E. Huston
                                       -------------------------
                                  Name:  James E. Huston
                                  Title: President and Chief Executive
                                         Officer

                                  FIRST CONSUMERS MASTER TRUST
                                  (Co-Registrant)

                                  By:    First Consumers National Bank,
                                  as originator of First Consumers
                                  Master Trust


Dated: January 10, 2003           By:    /s/ John R. Steele
                                       -------------------------
                                  Name:  John R. Steele
                                  Title: Treasurer







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EXHIBIT INDEX


Exhibit No.
20.1    Monthly Noteholder Statement



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