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): October 15, 2003


                         DILLARD ASSET FUNDING COMPANY
                        Series 2000-1 and Series 2002-2
              (Exact Name of Registrant as Specified in Charter)

                                   Delaware
                (State or Other Jurisdiction of Incorporation)

                                   333-67855
                           (Commission File Number)

                                  88-0352714
                       (IRS Employer Identification No.)

                      c/o Chase Manhattan Bank USA, N.A.
                          500 Stanton Christiana Rd.
                                OPS4/3rd Floor
                            Newark, Delaware 19713
              (Address of Principal Executive Offices) (Zip Code)

                                (302) 575-5000
             (Registrants' Telephone Number, Including Area Code)






Item 5.  Other Events.

     Dillard Credit Card Master Trust I is the issuer of Class A Floating Rate
Asset Backed Certificates Series 2000-1 and 3.80% Class A Asset Backed
Certificates Series 2002-2. The asset-backed certificates are serviced in
accordance with the Amended and Restated Pooling and Servicing Agreement,
dated as of June 28, 2000, as amended. The parties to the Pooling and
Servicing Agreement are Dillard Asset Funding Company, as transferor, Dillard
National Bank, as servicer and JPMorgan Chase Bank (f/k/a The Chase Manhattan
Bank USA, N.A.) as trustee.

     On October 15, 2003 Dillard National Bank as servicer, distributed
monthly payments to the holders of the Series 2000-1 and Series 2002-2
certificates. Copies of the monthly certificateholders' reports are being
filed as Exhibit 20.1 to this current report on Form 8-K.




Item 7.  Exhibits.

     20.1   Monthly Reports with respect to the October 15, 2003 distribution.





                                  SIGNATURES


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


                                 DILLARD ASSET FUNDING COMPANY

                                 By:  Administrator


                                 By:  /s/ Sherrill E. Wise
                                      ---------------------------------------
                                      Name: Sherrill E. Wise
                                      Title: Administrator



Dated:  November 11, 2003





                                 EXHIBIT INDEX


Exhibit
Number    Title
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 20.1     Monthly Reports with respect to the October 15, 2003 distribution.