~~Table~~SECURITIES ofAND ~~Contents~~EXCHANGE COMMISSION

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

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

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

~~CURRENT~~PURSUANT ~~REPORT~~ TO SECTION 13 OR 15 (d)

~~PURSUANT TO SECTION 13 OR 15 (d)~~ OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported) ~~June~~August 923, 2006

MELLON BANK, N.A.

(Originator of Mellon Bank Premium Finance Loan Master Trust)

(Exact name of Registrant as specified in its charter)

United States	333-113957-02 and 333-116609-02	25-0659306
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer ID Number)
(State or other jurisdictionof incorporation)	(Commission File Number)	(IRS Employer ID Number)

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~~Pittsburgh, ifPennsylvania ~~changed~~15258 ~~since last report)~~

~~MELLON~~(412) ~~BANK~~234-5000 ~~PREMIUM FINANCE LOAN MASTER TRUST~~

(~~Exact~~Address, ~~name~~including ofzip ~~Registrant~~code, asand ~~specified~~telephone innumber, ~~its~~including ~~charter~~area code, of registrant’s principal offices)

New York		333-113957-01 and 333-116609-01		51-0015912
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer ID Number)

N/A

~~One Mellon Center Pittsburgh, Pennsylvania 15258~~ (~~412) 234-5000 (Address,~~Former ~~including~~name ~~zip~~or ~~code,~~former ~~and telephone number~~address, if ~~including~~changed ~~area~~since ~~code,~~last ~~of registrant’s principal offices~~report)

~~N/A (Former~~MELLON ~~name~~BANK orPREMIUM ~~former~~FINANCE ~~address,~~LOAN ifMASTER ~~changed~~TRUST ~~since last report)~~

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

(Exact name of Registrant as specified in its charter)

New York

333-113957-01 and 333-116609-01

51-0015912

(State or other jurisdiction
of incorporation)

(Commission File Number)

(IRS Employer

ID Number)

Delaware		333-113957-03 and 333-116609-03		51-6522553
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer ID Number)

One Mellon Center

~~c/o Chase Manhattan Bank~~Pittsburgh, ~~USA,~~Pennsylvania ~~National~~15258 ~~Association 1201 N. Market Street Wilmington, DE 19801 (302) 428-3372~~

(~~Address,~~412) ~~including~~234-5000 ~~zip code, and telephone number, including area code, of registrant’s principal offices)~~

~~N/A~~ (~~Former~~Address, ~~name~~including orzip ~~former~~code, ~~address~~and telephone number, ifincluding ~~changed~~area ~~since~~code, ~~last~~of ~~report~~registrant’s principal offices)

~~MELLON~~N/A ~~BANK PFL MASTER NOTE TRUST~~

(~~Exact~~Former name ofor ~~Registrant~~former asaddress, if ~~specified~~changed insince ~~its~~last ~~charter~~report)

Delaware		333-113957 and 333-116609		51-6522553
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer ID Number)

MELLON PREMIUM FINANCE LOAN OWNER TRUST

~~One~~(Exact ~~Mellon~~name ~~Center Pittsburgh,~~of ~~Pennsylvania~~Registrant ~~15258 (412~~as specified in its charter) ~~234-5000~~

(Address, including zip code, and telephone number, including area code, of registrant’s principal offices)

Delaware

333-113957-03 and 333-116609-03

51-6522553

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

ID Number)

Nc/~~A (Former~~o ~~name~~Chase orManhattan ~~former~~Bank, ~~address~~USA, ifNational ~~changed~~Association ~~since last report)~~

~~Carl~~1201 ~~Krasik, Esq~~N. ~~Mellon~~ ~~Financial~~Market ~~Corporation Suite 1910 500 Grant~~ Street ~~Pittsburgh,~~ ~~Pennsylvania 15258-0001 (412) 234-5222~~

~~Check~~Wilmington, ~~the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the~~DE ~~filing~~19801 ~~obligation of the registrant under any of the following provisions:~~

~~o Written communications pursuant to Rule 425 under the Securities Act~~ (~~17 CFR 230.425~~302) ~~o Soliciting material pursuant to Rule 14a~~428-123372 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-4(c))

~~TABLE~~(Address, OFincluding ~~CONTENTS~~zip code, and telephone number, including area code, of registrant’s principal offices)

~~Item 8.01.Other Events Item 9.01.Financial Statements and Exhibits SIGNATURES INDEX OF EXHIBITS EX-20~~N/A

~~Table~~(Former ofname ~~Contents~~or former address, if changed since last report)

~~Item 8.01. Other~~MELLON ~~Events.~~BANK PFL MASTER NOTE TRUST

~~The~~(Exact ~~Registrant~~name ~~hereby~~of ~~incorporates~~Registrant byas ~~reference~~specified ~~the information contained~~ in ~~Exhibit 20~~its ~~hereto in~~charter) ~~response to this Item 8.01.~~

Item 9.01. Financial Statements and Exhibits.

Delaware

333-113957 and 333-116609

51-6522553

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

ID Number)

~~(c)~~One ~~Exhibits~~Mellon ~~20.~~Center ~~Monthly Noteholders Statement~~

~~Table~~Pittsburgh, ofPennsylvania ~~Contents~~15258

~~SIGNATURES~~ (412) 234-5000

~~Pursuant~~(Address, toincluding ~~the~~zip ~~requirements~~code, ofand ~~the~~telephone ~~Securities~~number, ~~Exchange~~including ~~Act~~area ~~of 1934~~code, ~~the~~of registrant’s ~~has~~principal ~~duly caused~~offices) ~~this report to be signed on its behalf by the undersigned thereunto duly authorized.~~

~~MELLON BANK,~~ N~~.A., as Registrant By:~~ /~~s/ 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: /s/ 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: /s/ Michael A. Bryson Name: Michael A. Bryson Title: Executive Vice President & Chief Financial Officer MELLON BANK PFL MASTER NOTE TRUST, as Registrant By: MELLON BANK, N.A., as Administrator By: /s/ Michael A. Bryson Name: Michael A. Bryson Title: Executive Vice President & Chief Financial Officer

~~Dated:~~(Former ~~June 9,~~name ~~2006~~or former address, if changed since last report)

~~Table~~Carl ofKrasik, ~~Contents~~Esq.

~~INDEX~~Mellon OFFinancial ~~EXHIBITS~~ Corporation

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

Suite 4700

500 Grant Street

Pittsburgh, Pennsylvania 15258-0001

(412) 234-5222

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:

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

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

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

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On August 23, 2006, Mellon Bank, N.A. and one of its subsidiaries entered into an agreement to sell Mellon Bank, N.A.’s insurance premium finance company subsidiary AFCO Credit Corporation (and its Canadian affiliate, CAFO Inc.) to a subsidiary of BB&T Corporation. Terms of the transaction were not disclosed. The sale is expected to be completed during the first quarter of 2007 and is subject to regulatory approval.

In connection with the transaction, a subsidiary of Mellon Financial Corporation, parent of Mellon Bank, N.A., will deposit cash or United States treasury securities in the Mellon Bank Premium Finance Loan Master Trust in substitution for insurance premium finance loans held by such Trust. This Trust has issued a collateral certificate to the Mellon Bank PFL Master Note Trust, which in turn has issued its Class A Notes, Class B Notes, Class C Notes and Class D Notes, each bearing the designation Series 2004-1.

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:		/s/ 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:		/s/ 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:		/s/ Michael A. Bryson
Name:		Michael A. Bryson
Title:		Executive Vice President & Chief Financial Officer

MELLON BANK PFL MASTER NOTE TRUST, as Registrant

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

By:		/s/ Michael A. Bryson
Name:		Michael A. Bryson
Title:		Executive Vice President & Chief Financial Officer

Dated: August 29, 2006

Filing Compare · MELLON BANK PFL MASTER NOTE TRUST