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): April 15, 2004


                       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 April 15, 2004 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 April
                               15, 2004 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:  May 11, 2004





                                     EXHIBIT INDEX


Exhibit
Number        Title
- -------       -----
20.1          Monthly Reports with respect to the April 15, 2004 distribution.