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): January 21, 2003

                           M&I Auto Loan Trust 2002-1
             -------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          Delaware                  333-76406-01              36-2042850
- ----------------------------     -----------------       ---------------------
(State or Other Jurisdiction     (Commission File         (I.R.S. Employer
 of Incorporation)                    Number)            Identification No.)

c/o Bank One, National Association, as Indenture Trustee
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Global Corporate Trust Services - 15th floor
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Mail Code IL1-0481
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1 Bank One Plaza, Chicago IL                                   60670-0481
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(Address of Principal Executive Offices)                       (Zip Code)



Registrant's telephone number, including area code:           312/336-9187
                                                              ------------



Item 5.   Other Events
          ------------

          On behalf of M&I Auto Loan Trust 2002-1, a Trust created pursuant to
          an Amended and Restated Trust Agreement, dated October 10, 2002, by
          The Bank of New York as the Owner Trustee for the Trust, and M&I
          Dealer Auto Securitization as the Depositor. The Indenture Trustee has
          caused to be filed with the Commission, the Monthly Report dated
          January 21, 2003. The Monthly Report is filed pursuant to and in
          accordance with (1) numerous no-action letters (2) current Commission
          policy in the area. The filing of the Monthly Report will occur
          subsequent to each monthly distribution to the holders of the Trust's
          Class:

          A-1      Notes due October 20, 2003
          A-2      Notes due July 20, 2005
          A-3      Notes due October 22, 2007
          A-4      Notes due October 20, 2008
          B        Notes due September 21, 2009

          A.       Monthly Report Information:
                   Aggregate distribution information for the current
                   distribution date of January 21, 2003.

                        Principal      Interest           Ending Balance
                        ---------      --------           --------------

          Cede & Co. $21,373,287.98   $954,628.04        $468,976,102.75

          B.   There has been no withdrawal from the Reserve Account. There was
               a release of $0 from the Reserve Account due to a reduction of
               the Specified Reserve Account Balance requirement.

          C.   Have any deficiencies occurred? NO.
                    Date:
                    Amount:

          D.   Were any amounts paid or are any amounts payable under the a
               credit enhancement agreement? Not Applicable
                    Amount:

          E.   There is no insurance policy.

          F.   Item 1: Legal Proceedings: NONE

          G.   Item 2: Changes in Securities: NONE

          H.   Item 4: Submission of Matters to a Vote of Security Holders:
               NONE



               I.   Item 5: Other Information - Items 1, 2, 4, 5 if applicable:

                    This month there was no release of funds to the Seller .


Item 7.  Monthly Statements and Exhibits
         -------------------------------

         Exhibit No.
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         1.   Monthly Statement to Certificateholders dated January 21, 2003.



                                   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.

                                            M&I Auto Loan Trust 2002-1

                                    By      /s/  Steven E. Charles
                                      ----------------------------------------
                                            Name:  Steven E. Charles
                                            Title: Vice President

Dated: January 21, 2003