8-K 1 covrjun2.txt 8-K COVER JUNE 2003 SEC FILING 2003-1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2003 (June 30, 2003) FRANKLIN RECEIVABLES LLC [FRANKLIN AUTO TRUST 2003-1] (Exact name of registrant as specified in its charter) DELAWARE 333-105684 NOT AVAILABLE (State or other jurisdiction (Commission (IRS Employer of incorporation) File Nos.) Identification Number) 47 WEST 200 SOUTH, SUITE 500, SALT LAKE CITY, UTAH 84101 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (801) 238-6700 -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Page 1 Item 5. Other Events and Regulation FD Disclosure. The Monthly Servicing Report relating to the Franklin Auto Trust 2003-1 for the Collection Period ended June 30, 2003 is attached hereto as Exhibit 19.1 is incorporated herein by this reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibit Exhibit 19.1 - Franklin Auto Trust 2003-1 Monthly Servicing Report for the Collection Period ending June 30, 2003 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 on the date indicated. FRANKLIN RECEIVABLES, LLC (Registrant) By: Franklin Capital Corp. Date: July 24, 2003 /s/ Harold E. Miller, Jr. HAROLD E. MILLER, JR. President Exhibits Exhibit 19.1 - Franklin Auto Trust 2003-1 Monthly Servicing Report for the Collection Period ending June 30, 2003. Page 2

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event

Reported): June 20, 2003

Franklin Auto Trust 2003-1
(Exact name of registrant as specified in its charter)
Delaware	333-105684	N.A.
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
47 West 200 South, Suite 500 Salt Lake City, Utah 84101
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code (801) 238-6700

Item 5. Other Events

On or about June 12, 2003, Franklin Receivables LLC transferred a portion of prime, non-prime and sub-prime motor vehicle retail installment sale contracts (the “Initial Receivables”), to Franklin Auto Trust 2003-1 (the “Trust”). The Trust transferred the Initial Receivables to The Bank of New York and issued: (i) Class A-1 Asset Backed Notes (the “Class A-1 Notes”) in the aggregate original principal amount of $37,000,000; (ii) Class A-2 Asset Backed Notes (the “Class A-2 Notes”) in the aggregate original principal amount of $112,500,000; (iii) Class A-3 Asset Backed Notes (the “Class A-3 Notes”) in the aggregate original principal amount of $58,000,000; and (iv) Class A-4 Asset Backed Notes (the “Class A-4 Notes”) in the aggregate original principal amount of $110,500,000.

Item 7.

Financial Statements, Pro Forma Financial

Information and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(a)

Exhibits:

Item 601(a) of Regulation S-K

Exhibit No.

Description

4.1

Amended & Restated Trust Agreement, between Franklin Receivables LLC and Deutsche Bank Trust Company Delaware, dated as of June 1, 2003.

4.2

Indenture, between the Trust and The Bank of New York, dated as of June 1, 2003.

4.3

Sale and Servicing Agreement, among Franklin Receivables LLC, Franklin Capital Corporation, Franklin Resources Inc. and the Trust, dated as of June 1, 2003.

4.4

MBIA Insurance Corporation Financial Guarantee Insurance Policy.

10.1

Purchase Agreement, between Franklin Receivables LLC and Franklin Capital Corporation, dated as of June 1, 2003.

10.2

Underwriting Agreement, among Franklin Receivables LLC, Franklin Capital Corporation and Citigroup Global Markets Inc., dated May 30, 2003.

10.3

Letter Agreement, between Franklin Resources Inc. and Citigroup Global Markets Inc., dated May 30, 2003.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FRANKLIN RECEIVABLES LLC

By: /s/ Harold E. Miller, Jr.

Harold E. Miller, Jr.

President and Chief Executive Officer

Dated: June 20, 2003

INDEX TO EXHIBITS

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