SECURITIESTable ANDof EXCHANGE COMMISSION Contents

~~Washington,~~SECURITIES DCAND ~~20549~~EXCHANGE COMMISSION

~~FORM~~Washington, ~~8-K~~D.C. 20549

~~CURRENT~~FORM ~~REPORT~~8-K

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

~~Date~~PURSUANT ofTO ~~Report~~SECTION ~~(Date~~13 ofOR ~~earliest~~15 ~~event reported~~(d) ~~– June 11, 2001~~

~~MELLON~~OF ~~BANK~~THE ~~PREMIUM~~SECURITIES ~~FINANCE~~EXCHANGE ~~LOAN MASTER~~ACT ~~TRUST (Exact~~OF ~~name of registrant as specified in charter)~~1934

New York	333-11961	25-0659306
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation)		Identification No.)

Date of Report (date of earliest event reported) November 8, 2002

~~One~~MELLON ~~Mellon Center Pittsburgh~~BANK, ~~PA 15258-0001~~N.A. ~~(Address of principal executive offices) (Zip code)~~

~~Registrant’s~~(Originator ~~telephone~~of ~~number,~~Mellon ~~including~~Bank ~~area~~Premium Finance ~~code~~Loan –Master Trust)(~~412~~Exact name of Registrant as specified in its charter) ~~234-5000~~

Not applicable (Former name or former address, if changed since last report)


United States	333-53250	25-0659306
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer ID Number)

Item 5.	Other Events
	The Registrant hereby incorporates by reference the information contained in Exhibit 20 hereto in response to this Item 5.
Item 7.	Financial statements and exhibits
	(c)	Exhibits
		20.	Monthly Certificateholders Statement

One Mellon Center
Pittsburgh, Pennsylvania 15258
(412) 234-5000
(Address, including zip code, and telephone number, including area code, of
registrant’s principal offices)

~~SIGNATURES~~N/A (Former name or former address, if changed since last report)

~~Pursuant~~MELLON toBANK ~~the~~PREMIUM ~~requirements~~FINANCE ofLOAN ~~the~~MASTER ~~Securities~~TRUST (Exact ~~Exchange~~name ~~Act~~ of ~~1934, the~~ Registrant ~~has~~as ~~duly~~specified ~~caused~~in ~~this report to be signed on~~ its ~~behalf by the~~charter) ~~undersigned thereunto duly authorized.~~

		MELLON BANK PREMIUM FINANCE
New York	333-53250-01		51-0015912
		LOAN MASTER TRUST
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS EmployerID Number)
		By:		AFCO Credit Corporation, on behalf
				of Mellon Bank Premium Finance
				Loan Master Trust
Date: June 12, 2001		By:		C. LEONARD O’CONNELL
				Name:	C. Leonard O’Connell
				Title:	Senior Vice President,
					Chief Financial Officer
					and Treasurer

INDEXTable TOof EXHIBITS Contents

Exhibit No.		Document Description		Method of Filing
20		Monthly Certificateholders Statement		Filed herewith

One Mellon Center
Pittsburgh, Pennsylvania 15258
(412) 234-5000
(Address, including zip code, and telephone number, including area code, of
registrant’s principal offices)

N/A
(Former name or former address, if changed since last report)

MELLON PREMIUM FINANCE LOAN OWNER TRUST
(Exact name of Registrant as specified in its charter)


Delaware	333-53250-02	51-6522553
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer ID Number)

c/o Chase Manhattan Bank, USA, National Association
1201 N. Market Street
Wilmington, DE 19801
(302) 428-3372
Carl Krasik, Esq.
Mellon Financial Corporation
Suite 1910
500 Grant Street
Pittsburgh, Pennsylvania 15258-0001
(412) 234-5222
(Address, including zip code, and telephone number, including area code, of
registrant’s principal offices)

N/A
(Former name or former address, if changed since last report)

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Monthly Certificateholders

Item 5. Other Events.

The Registrant hereby incorporates by reference the information contained in Exhibit 20 hereto in response to this Item 5.

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.


MELLON BANK, N.A., as registrant

By:	MICHAEL A. BRYSON Name: Michael A. Bryson Title: Executive Vice President & Chief Financial Officer

MELLON PREMIUM FINANCE LOAN OWNER TRUST, as registrant

By: Mellon Bank, N.A., as administrator

By:	MICHAEL A. BRYSON Name: Michael A. Bryson Title: Executive Vice President & Chief Financial Officer

MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST, as registrant

By: MELLON BANK, N.A., as administrator

By:	MICHAEL A. BRYSON Name: Michael A. Bryson Title: Executive Vice President & Chief Financial Officer

Dated: November 12, 2002

INDEX OF EXHIBITS


Exhibit No	Document Description	Method of Filing


20	Monthly Certificateholders Statement	Filed herewith

SECURITIESTable ANDof EXCHANGE COMMISSION Contents

INDEXTable TOof EXHIBITS Contents

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