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

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) ~~September 26~~January 15, ~~2003~~ 2004

CNH WHOLESALE RECEIVABLES INC. ~~(Exact Name of Registrant as Specified in Charter)~~

Delaware (State or Other Jurisdiction of Incorporation)	333-107999 (Commission File Number)	20-0214383 (IRS Employer Identification No.)
100 South Saunders Road, Lake Forest, Illinois (Address of Principal Executive Office)		60045 (Zip Code)
Registrant's telephone number, including area code (847) 735-9200
(Former Name or Former Address, if Changed Since Last Report)

(Exact Name of Registrant as Specified in Charter)

Item 5. Other Events

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

100 South Saunders Road, Lake Forest		60045
(Address of Principal Executive Offices)		(Zip Code)

~~Attached is a definitive legality and tax opinion relating to the issuance of $521,612,000 aggregate principal amount of asset-backed notes by CNH Wholesale~~Registrant’s ~~Master~~telephone ~~Note Trust~~number, ~~Series 2003-2.~~including ~~For~~area ~~both opinions, see Exhibits 5 and 8(a).~~ code

(847) ~~Item 7. Financial Statements, Pro Forma Financial Information and Exhibits~~ 735-9200

~~Exhibit 5—Opinion~~(Former Name ofor ~~Mayer,~~Former ~~Brown~~Address, ~~Rowe &~~if ~~Maw LLP~~Changed ~~with~~Since ~~respect~~Last ~~to legality~~ Report)

~~Exhibit 8(a)—Opinion of~~Item ~~Mayer, Brown, Rowe & Maw LLP with respect to certain income tax matters (included as part of Exhibit~~ 5). Other Events.

The Registrant is filing the monthly Servicer Reports listed in Item 7(c) below with respect to each of its outstanding series of publicly-offered securities.

Item 7. Financial Statements and Exhibits.

Exhibit No.		Document Description

20.1		Monthly Servicer Report dated January 15, 2004.

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 hereunto duly authorized.

	CNH WHOLESALE RECEIVABLES INC. (Registrant)
	CNH WHOLESALE RECEIVABLES INC.
Dated: September 26, 2003	By:		/s/ BRIAN O'KEANE Brian O'Keane Assistant Treasurer
	(Registrant)
Dated: January 15, 2004	By:	/s/ BRIAN O’KEANE
		Brian O’Keane
		Assistant Treasurer

~~EXHIBIT INDEX~~ 3

~~Exhibit 5—Opinion of~~INDEX ~~Mayer,~~TO ~~Brown, Rowe & Maw LLP with respect to legality~~ EXHIBITS

Exhibit 8(a)—Opinion of Mayer, Brown, Rowe & Maw LLP with respect to certain income tax matters (included as part of Exhibit 5)

Exhibit No.		Sequential Document Description

20.1		Monthly Servicer Report dated January 15, 2004.

~~QuickLinks~~4

Filing Compare · CNH WHOLESALE RECEIVABLES LLC