UNITED STATES
                       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, 2005


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


        Nebraska                      000-50139               Not applicable
- ------------------------            ------------          ----------------------
(State of Incorporation)            (Commission               (IRS Employer
                                    File Number)          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)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))



ITEM 8.01.  OTHER EVENTS.

         The registrant hereby files the Monthly Report to Noteholders for the
monthly period ending September 30, 2005 as Exhibit 20 to Item 9.01(c) hereto.


ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(a)   Financial statements of businesses acquired.

      None.

(b)   Pro forma financial information.

      None.

(c)   Exhibits.

      EXHIBIT NO.          DOCUMENT DESCRIPTION

      Exhibit 20           Series 2002-1, 2003-1 and 2003-2 Asset Backed Notes
                           Monthly Servicing Report for the monthly period
                           ending September 30, 2005



                                   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:  October 27, 2005              FIRST NATIONAL FUNDING LLC

                                      By:  First National Funding Corporation,
                                           Managing Member


                                      By:  /s/ Matthew W. Lawver
                                           -----------------------------
                                           Matthew W. Lawver, President


Dated:  October 27, 2005              FIRST NATIONAL MASTER NOTE TRUST

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

                                      By:  /s/ Matthew W. Lawver
                                           -----------------------------
                                           Matthew W. Lawver, Senior
                                            Vice President



                                  EXHIBIT INDEX


 EXHIBIT NO.   DESCRIPTION

     20        Series 2002-1, 2003-1 and 2003-2 Asset Backed Notes Monthly
               Servicing Report for the monthly period ending September 30, 2005