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 17, 2003


                        FIRST NATIONAL MASTER NOTE TRUST
                        --------------------------------
             (Exact name of registrant as specified in its charter)


        Nebraska                  000-50139
- ------------------------         -----------        ----------------------------
(State of Incorporation)   (Commission File Number) (IRS Employer Identification
                                                               Number)


             1620 Dodge Street
               Stop Code 3198
              Omaha, Nebraska                              68197-3198
     ----------------------------------                   ------------
  (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.

None.

(C)   Exhibits

EXHIBIT NO.                DOCUMENT DESCRIPTION

Exhibit 20                 Monthly Servicing Report







                                   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 17, 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 17, 2003                 FIRST NATIONAL MASTER NOTE TRUST,

                                      By: First National Bank of Omaha,
                                          As Servicer of First National Master
                                          Note Trust

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






                                  EXHIBIT INDEX


EXHIBIT NO.       DESCRIPTION

    20            Monthly Servicing Report