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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 12, 2001
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Franklin Receivables LLC
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(Exact Name of Registrant as Specified in Charter)
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Delaware 333-56869 94-3301-790
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(State of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
47 West 200 South, Suite 500
Salt Lake City, Utah 84101
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(Address of Principal Executive Offices) (Zip Code)
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Registrant's Telephone Number, including area code (801) 238-6700
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. Other Events
On or about January 25, 2001, Franklin Receivables LLC transferred
approximately $139,08,054 of Prime, Non-Prime and Sub-Prime motor vehicle retail
installment sale contracts (the "Receivables"), to Franklin Auto Trust 2001-1
(the "Trust"). The Trust transferred the Receivables to The Chase Manhattan
Bank, as indenture trustee ("Indenture Trustee"), who in turn issued Class A-1
Asset Backed Notes (the "Class A-1 Notes") in the aggregate original principal
amount of $87,000,000 due October 15, 2004 and Class A-2 Asset Backed Notes (the
"Class A-2 Notes") in the aggregate original principal amount of $52,081,000 due
July 15, 2008.
ITEM 7. Financial Statements and Exhibits
(a) Financial Statements - Not Applicable
(b) Pro Forma Financial Information - Not Applicable
(c) Exhibits
Item 601(a) of Regulation S-K
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Exhibit No. Description
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23.1 Consent of Independent Accountants (PricewaterhouseCoopers
LLP) as to the consolidated financial statements of MBIA
Insurance Corporation and Subsidiaries and as to the
reference of PricewaterhouseCoopers LLP under the caption
"Experts" in the Prospectus Supplement dated as of January
12, 2001. Incorporated by reference to Form 8-K filed on
January 12, 2001 with the SEC.
23.2 Consent of Independent Accountants (PricewaterhouseCoopers
LLP) as to the balance sheet of the Trust and as to the
reference of PricewaterhouseCoopers LLP under the caption
"Experts" in the Prospectus Supplement dated as of January
12, 2001. Incorporated by reference to Form 8-K filed on
January 12, 2001 with the SEC.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Trust has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FRANKLIN RECEIVABLES LLC
By: Franklin Capital Corporation as the Servicer
By: /s/ Harold E. Miller
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Name: Harold E. Miller Jr.
Title: President and CEO
January 12, 2001
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INDEX TO EXHIBITS
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Exhibit No. Description
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23.1 Consent of Independent Accountants (PricewaterhouseCoopers
LLP) as to the consolidated financial statements of MBIA
Insurance Corporation and Subsidiaries and as to the
reference of PricewaterhouseCoopers LLP under the caption
"Experts" in the Prospectus Supplement dated as of January
12, 2001. Incorporated by reference to Form 8-K filed on
January 12, 2001 with the SEC.
23.2 Consent of Independent Accountants (PricewaterhouseCoopers
LLP) as to the balance sheet of the Trust and as to the
reference of PricewaterhouseCoopers LLP under the caption
"Experts" in the Prospectus Supplement dated as of January
12, 2001. Incorporated by reference to Form 8-K filed on
January 12, 2001 with the SEC.
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