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):
                                 March 14, 2003


                           FIRST NATIONAL FUNDING LLC
                     FIRST BANKCARD MASTER CREDIT CARD TRUST
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)

<Table>
<Caption>
                                                        
       Nebraska               333-86574-00, 333-86574-01              02-0598125
- ------------------------      --------------------------      ----------------------------
(State of Incorporation)       (Commission File Number)       (IRS Employer Identification
                                                               Number)
</Table>

                       1620 Dodge Street
                        Omaha, Nebraska                              68102
          ------------------------------------------                -------
           (Address of principal executive offices)                (Zip Code)


                                 (402) 341-0500
                    ---------------------------------------
              (Registrant's telephone number, including area code)


                                 Not applicable
                    ---------------------------------------
          (Former name or former address, if changed since last report)




Item 5.  Other Events.

         In connection with the offering of the Class A Series 2003-1 Asset
Backed Notes, Class B Series 2003-1 Asset Backed Notes and Class C Series 2003-1
Asset Backed Notes (collectively, the "Notes") described in a Prospectus
Supplement dated March 13, 2003, Kutak Rock LLP rendered an opinion regarding
certain tax matters and an opinion regarding the legality of the Notes. Copies
of these opinions are filed as exhibits to this report and are incorporated
herein by reference.

Item 7.  Financial Statements and Exhibits.

EXHIBIT NO.     DOCUMENT DESCRIPTION

5.1             Opinion of Kutak Rock LLP regarding the legality of the Notes

8.1             Opinion of Kutak Rock LLP regarding certain tax matters

23.1            Consent of Kutak Rock LLP (included in Exhibits 5.1 and 8.1)





                                   SIGNATURES

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

Dated: March 14, 2003             FIRST NATIONAL FUNDING LLC

                                  By:    First National Funding Corporation,
                                         Managing Member


                                  By     /s/ Jean L. Koenck
                                         ---------------------------------------
                                         Jean L. Koenck, Senior Vice President


Dated: March 14, 2003             FIRST BANKCARD MASTER CREDIT
                                  CARD TRUST,

                                  By:    First National Bank of Omaha,
                                         As Servicer of First Bankcard Master
                                         Credit Card Trust

                                  By:    /s/ Jean L. Koenck
                                         ---------------------------------------
                                         Jean L. Koenck
                                         Senior Vice President