DISCOVER CARD MASTER TRUST I
8-K, 2000-06-02
ASSET-BACKED SECURITIES
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<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                          Pursuant to Section 13 of the

                         Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): May 31, 2000
                                                           ------------


                          Discover Card Master Trust I
              ----------------------------------------------------
               (Exact name of registrant as specified in charter)



    Delaware                    0-23108                        51-0020270
  -------------               ------------                 -------------------
   (State of                  (Commission                    (IRS Employer
  Organization)               File Number)                 Identification No.)


c/o Greenwood Trust Company
12 Read's Way
New Castle, Delaware                                              19720
----------------------------------------                        ----------
(Address of principal executive offices)                        (Zip Code)


Registrant's Telephone Number, including area code:  (302) 323-7184
                                                     --------------

Former name or former address, if changed since last report:  Not Applicable



<PAGE>   2



Item 5.  Other Events

         Series 2000-5 On May 31, 2000, the registrant made available to
investors a prospectus supplement, dated May 25, 2000, and prospectus, dated May
2, 2000, with respect to the issuance of $1,200,000,000 aggregate principal
amount of Series 2000-5 Floating Rate Class A Credit Card Pass-Through
Certificates and $63,158,000 aggregate principal amount of Series 2000-5
Floating Rate Class B Credit Card Pass-Through Certificates of Discover Card
Master Trust I (the "Trust"), pursuant to the Pooling and Servicing Agreement,
dated as of October 1, 1993, between Greenwood Trust Company ("Greenwood") as
Master Servicer, Servicer and Seller and U.S. Bank National Association
(formerly First Bank National Association, successor trustee to Bank of America
Illinois, formerly Continental Bank, National Association) as Trustee, as
amended, and the Series Supplement for Series 2000-5, to be dated as of June 6,
2000, between Greenwood Trust Company as Master Servicer, Servicer and Seller
and U.S. Bank National Association as Trustee.

         In connection with the issuance of Series 2000-5, Latham & Watkins,
counsel to Greenwood and the Trust, has delivered (i) an opinion to Greenwood
(as originator of the Trust), dated June 1, 2000, regarding the legality of the
Series 2000-5 Floating Rate Class A Credit Card Pass-Through Certificates and
the Series 2000-5 Floating Rate Class B Credit Card Pass-Through Certificates
upon issuance and sale thereof on June 6, 2000; and (ii) an opinion to Greenwood
(as originator of the Trust), dated June 1, 2000, as to certain federal tax
matters concerning the Series 2000-5 Floating Rate Class A Credit Card
Pass-Through Certificates and the Series 2000-5 Floating Rate Class B Credit
Card Pass-Through Certificates. A copy of the opinion as to legality is attached
as Exhibit 5, and the opinion as to certain tax matters is attached as Exhibit
8.

Item 7.           Exhibits

Exhibit No.       Description
-----------       -----------
Exhibit 5         Opinion of Latham & Watkins.

Exhibit 8         Opinion of Latham & Watkins as to certain federal tax
                  matters concerning the Class A Certificates and Class B
                  Certificates of Series 2000-5.

Exhibit 23        Consent of Latham & Watkins (included in Exhibit 5).


                                     PAGE 2


<PAGE>   3



                                   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.


                                    Discover Card Master Trust I
                                      (Registrant)


                                    By:  Greenwood Trust Company
                                         (Originator of the Trust)



Date: June 1, 2000           By:   /s/ John J. Coane
                                ----------------------------------------
                                  John J. Coane
                                   Vice President, Chief Accounting Officer,
                                   Treasurer and Assistant Secretary



                                     PAGE 3

<PAGE>   4



                                INDEX TO EXHIBITS

Exhibit No.     Description
-----------     -----------
Exhibit 5       Opinion of Latham & Watkins.

Exhibit 8       Opinion of Latham & Watkins as to certain federal tax matters
                concerning the Class A Certificates and Class B Certificates of
                Series 2000-5.

Exhibit 23 Consent of Latham & Watkins (included in Exhibit 5).



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