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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): January 12, 2001
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Discover Card Master Trust I
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(Exact name of registrant as specified in charter)
Delaware 0-23108 51-0020270
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(State of (Commission (IRS Employer
Organization) File Number) Identification No.)
c/o Discover Bank
12 Read's Way
New Castle, Delaware 19720
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (302) 323-7184
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Former name or former address, if changed since last report: Not Applicable
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Item 5. Other Events
On January 11, 2001, the registrant made available to investors a
prospectus supplement, dated January 8, 2001, and prospectus, dated December 21,
2000, with respect to the issuance of $1,100,000,000 aggregate principal amount
of Series 2001-2 Floating Rate Class A Credit Card Pass-Through Certificates and
$57,895,000 aggregate principal amount of Series 2001-2 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 Discover Bank (formerly Greenwood Trust Company) ("Discover")
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 2001-2, to be dated as of January
16, 2001, between Discover Bank as Master Servicer, Servicer and Seller and U.S.
Bank National Association as Trustee.
In connection with the issuance of Series 2001-2, Latham & Watkins,
counsel to Discover and the Trust, has delivered (i) an opinion to Discover (as
originator of the Trust), dated January 12, 2001, regarding the legality of the
Series 2001-2 Floating Rate Class A Credit Card Pass-Through Certificates and
the Series 2001-2 Floating Rate Class B Credit Card Pass-Through Certificates
upon issuance and sale thereof on January 16, 2001; and (ii) an opinion to
Discover (as originator of the Trust), dated January 12, 2001, as to certain
federal tax matters concerning the Series 2001-2 Floating Rate Class A Credit
Card Pass-Through Certificates and the Series 2001-2 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
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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 2001-2.
Exhibit 23 Consent of Latham & Watkins (included in Exhibit 5).
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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: Discover Bank
(Originator of the Trust)
Date: January 12, 2001 By: /s/ Michael F. Rickert
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Michael F. Rickert
Vice President, Chief Accounting
Officer and Treasurer
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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 2001-2.
Exhibit 23 Consent of Latham & Watkins (included in Exhibit 5).
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