~~SECURITIES~~UNITED ~~AND EXCHANGE COMMISSION Washington, D.C. 20549~~STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

~~Current Report~~CURRENT ~~Pursuant to~~REPORT ~~Section 13 or 15(d) of the Securities Exchange Act of 1934~~PURSUANT

~~Date~~TO ofSECTION ~~Report~~13 ~~(Date~~OR ~~of Earliest Event Reported~~15(D) ~~October~~ ~~15,~~OF ~~2004~~THE

~~CNH WHOLESALE~~SECURITIES ~~RECEIVABLES~~EXCHANGE ~~INC./CNH~~ACT ~~WHOLESALE~~OF ~~MASTER NOTE TRUST~~1934

~~(Exact~~Date ~~Name~~ of ~~Registrant/Co-Registrant~~Report ~~as Specified~~(Date inof ~~Charter~~Earliest Event Reported) December 31, 2004

Delaware Delaware	333-107999 333-107999-01	20-0214383 20-0685128
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
100 South Saunders Road, Lake Forest, Illinois		60045
c/o The Bank of New York (Delaware), White Clay Center, Route 273, Newark, Delaware		19711
(Address of Principal Executive Office)		(Zip Code)

CNH WHOLESALE RECEIVABLES LLC

~~(847)~~CNH ~~735-9200 (302)~~WHOLESALE ~~283-8079~~MASTER NOTE TRUST

(Exact Name of Registrant’s/Co-Registrant’s ~~telephone number,~~as ~~including~~Specified ~~area~~in ~~code~~its Charter)

Delaware
Delaware
(State or Other Jurisdiction of Incorporation)

333-107999	20-0214383
333-107999-01	20-0685128
(Commission File Number)	(IRS Employer Identification No.)

100 South Saunders Road, Lake Forest, Illinois 60045

c/o The Bank of New York (Delaware), White Clay Center,

Route 273, Newark, Delaware 19711

(Address of Principal Executive Offices) (Zip Code)

(847) 735-9200

(302) 283-8079

(Registrant’s Telephone Number, Including Area Code)

CNH WHOLESALE RECEIVABLES INC.

(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 (see General Instruction A.2. below):

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

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

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

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.~~13c~~13e-4(c))

Item 8.01. Other Events

~~The~~On ~~Registrant~~December ~~and~~31, ~~Co-Registrant~~2004 ~~are~~CNH ~~filing~~Wholesale Receivables Inc., a Delaware corporation, was converted into CNH Wholesale Receivables LLC, a Delaware limited liability company, pursuant to Section 266 of the ~~Monthly~~Delaware ~~Servicer~~General ~~Report~~Corporation ~~listed~~Law inand ~~Item~~Section 18-214 9of the Delaware Limited Liability Company Act.01 The Limited Liability Agreement of CNH ~~below~~Wholesale ~~with~~Receivables ~~respect~~LLC tois ~~their~~referenced ~~outstanding~~in ~~publicly-offered~~Item ~~securities~~9.01 below.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits. ~~Exhibit~~ 20Ex. 99.1 -— ~~Monthly Servicer~~Limited ~~Report~~Liability Company Agreement of CNH Wholesale Receivables LLC, dated ~~October~~December 1531, 2004.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~Registrant~~registrant ~~and Co-Registrant~~has ~~have each~~ duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CNH CAPITAL RECEIVABLES INC. (Registrant)
	CNH WHOLESALE RECEIVABLES LLC
Dated: October 15, 2004	By:	/s/ BRIAN O’KEANE
	(Registrant)
		Brian O’Keane
	By:	/s/ BRIAN O’KEANE
		Assistant Treasurer
	Name: Brian O’Keane
	CNH WHOLESALE MASTER NOTE TRUST
	Title: Assistant Treasurer
	By: Case Credit Corporation, Administrator of the CNH Wholesale Master Note Trust
Dated: December 31, 2004
	(Co-Registrant)
	CNH WHOLESALE MASTER NOTE TRUST
Dated: October 15, 2004	By:	/s/ BRIAN O’KEANE
	By:	CNH Capital America LLC
		Brian O’Keane
		Administrator of the CNH Wholesale Master Note Trust
		Assistant Treasurer
		(Co-Registrant)
	By:	/s/ BRIAN O’KEANE
	Name: Brian O’Keane
	Title: Assistant Treasurer
Dated: December 31, 2004

EXHIBIT INDEX

Exhibit 20.1 - Monthly Servicer Report dated October 15, 2004

Filing Compare · CNH WHOLESALE MASTER NOTE TRUST