DISCOVER CARD MASTER TRUST I
8-K, EX-5.1, 2000-06-16
ASSET-BACKED SECURITIES
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<PAGE>   1
                                                                     EXHIBIT 5.1

                         [LATHAM & WATKINS LETTERHEAD]





                                  June 15, 2000



Greenwood Trust Company, as Originator
of Discover Card Master Trust I
12 Read's Way
New Castle, Delaware 19720

                  Re:   Discover Card Master Trust I, Series 2000-6
                        Registration Statement on Form S-3

Ladies and Gentlemen:

            At your request, we have examined your Registration Statement on
Form S-3 (Registration No. 333-37066), together with the exhibits thereto (the
"Registration Statement"), registering credit card pass-through certificates
representing undivided interests in the Discover Card Master Trust I (the
"Trust") and the related Prospectus dated June 9, 2000 and Prospectus Supplement
dated June 9, 2000 (together, the "Prospectus"), filed by you with the
Securities and Exchange Commission pursuant to Rule 424(b) under the Securities
Act of 1933, as amended, relating to the issuance of Series 2000-6 Floating Rate
Class A Credit Card Pass-Through Certificates and Series 2000-6 Floating Rate
Class B Credit Card Pass-Through Certificates (together, the "Series 2000-6
Certificates"). The Series 2000-6 Certificates will be issued pursuant to the
Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as
of October 1, 1993, which is incorporated by reference to Exhibit 4.1 of your
Registration Statement on Form S-1 (Registration No. 33-71502), as amended by
the First Amendment to the Pooling and Servicing Agreement, dated as of August
15, 1994, which is incorporated by reference to Exhibit 4.2 of the Trust's
Current Report on Form 8-K dated August 1, 1995, by the Second Amendment to the
Pooling and Servicing Agreement, dated as of February 29, 1996, which is
incorporated by reference to Exhibit 4.4 of the Trust's Current


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LATHAM & WATKINS

     Greenwood Trust Company
     June 15, 2000
     Page 2


     Report on Form 8-K dated April 30, 1996, by the Third Amendment to the
     Pooling and Servicing Agreement, dated as of March 30, 1998, which is
     incorporated by reference to Exhibit 4.1(d) of the Trust's Registration
     Statement on Form 8-A filed on April 13, 1998, and by the Fourth Amendment
     to the Pooling and Servicing Agreement, dated as of November 30, 1998,
     which is incorporated by reference to Exhibit 4.1 of the Trust's Current
     Report on Form 8-K dated November 30, 1998, and as supplemented by a
     related Series Supplement (the "Series 2000-6 Supplement"), a copy of the
     form of which is included as Exhibit 4.6 to the Registration Statement and
     the specific terms of which are summarized in the Prospectus, each by and
     between 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. We are familiar with the proceedings taken by
     Greenwood as originator of the Trust in connection with the authorization
     of the issuance and sale of the Series 2000-6 Certificates, and have
     examined such documents and such questions of law and fact as we have
     deemed necessary in order to express the opinion hereinafter stated.

            We are opining herein as to the effect on the subject transactions
     of only United States federal law and the laws of the State of New York,
     and we express no opinion with respect to the applicability thereto or the
     effect thereon of the laws of any other jurisdiction or as to any matters
     of municipal law or the laws of any local agencies within any state.

            Based on the foregoing, we are of the opinion, as of the date
     hereof, that the Series 2000-6 Certificates, upon issuance and sale thereof
     in the manner described in the Prospectus and as provided in the Pooling
     and Servicing Agreement and the related Series 2000-6 Supplement, will be
     validly issued, fully paid and nonassessable, and enforceable in accordance
     with their terms and entitled to the benefits of the Pooling and Servicing
     Agreement and the related Series 2000-6 Supplement, except as the same may
     be limited by (i) bankruptcy, insolvency, reorganization, moratorium or
     other similar laws now or hereafter in effect relating to or affecting the
     rights and remedies of creditors, and (ii) general principles of equity
     (whether enforcement is considered in a proceeding at law or in equity) and
     by the discretion of the court before which any proceeding therefor may be
     brought.

            In rendering our opinion, we have assumed that, upon or prior to the
     issuance and sale of the Series 2000-6 Certificates, (i) the Series 2000-6
     Supplement will be duly authorized, executed and delivered by the Trustee,
     (ii) all documents required to be executed and delivered in connection with
     the issuance and sale of the Series 2000-6 Certificates will be so executed
     and delivered by properly authorized persons, and (iii) the respective
     purchase prices for the Class A Certificates and the Class B Certificates
     of Series 2000-6, as set forth in the table on the cover of the Prospectus,
     will be paid to you by the various underwriters named in the Prospectus.



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LATHAM & WATKINS

     Greenwood Trust Company
     June 15, 2000
     Page 3


            We hereby consent to the filing of (i) this opinion and (ii) the
opinion to be filed as Exhibit 8.1, in each case as part of the Trust's Current
Report on Form 8-K, dated June 15, 2000.


                                Very truly yours,

                                /s/ Latham & Watkins




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