UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

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

TODate ~~SECTION~~of 13Report ~~OR 15~~(DDate of Earliest Event Reported) January OF18, ~~THE~~2005

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

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

CNH WHOLESALE RECEIVABLES LLC

Delaware Delaware		333-107999 333-107999-01		20-0214383 20-0685128
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

CNH WHOLESALE MASTER NOTE TRUST

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)

(Exact Name of Registrant/Co-Registrant as Specified in 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/Co-Registrant’s ~~Telephone~~telephone ~~Number~~number, ~~Including~~including ~~Area~~area ~~Code~~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.~~13e~~13c-4(c))

Item 8.01. Other Events

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

Item 9.01. Financial Statements and Exhibits

(c) Exhibits. Exhibit Ex20. ~~99.~~1 —- ~~Limited~~Monthly ~~Liability~~Servicer ~~Company~~Report ~~Agreement of CNH Wholesale Receivables LLC,~~ dated January ~~December 31~~18, ~~2004.~~2005

2SIGNATURES

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

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 hereunto duly authorized.

	CNH CAPITAL WHOLESALE RECEIVABLES LLC (Registrant)
Dated: January 18, 2005	By:	/s/ BRIAN O’KEANE
		Brian O’Keane Assistant Treasurer
	CNH WHOLESALE MASTER NOTE TRUST
	By: CNH Capital America LLC,
	Administrator of the CNH Wholesale Master Note Trust (Co-Registrant)
Dated: January 18, 2005	By:	/s/ BRIAN O’KEANE
		Brian O’Keane Assistant Treasurer

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

EXHIBIT INDEX

3Exhibit 20.1 - Monthly Servicer Report dated January 18, 2005

Filing Compare · CNH WHOLESALE MASTER NOTE TRUST