<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-Q/A


         [X] AMENDMENT NO. 1 TO QUARTERLY REPORT PURSUANT TO SECTION 13
                OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2002

                                       OR

           __ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

          For the transition period from ______________ to ____________

                        Commission File Number 333-23451


                                REV HOLDINGS LLC
                          (formerly REV Holdings Inc.)
             (Exact name of registrant as specified in its charter)

                 Delaware                               13-3933701
              --------------                        ------------------
     (State or other jurisdiction of                 (I.R.S. Employer
      incorporation or organization)                Identification No.)

  35 East 62nd Street, New York, New York                 10021
-------------------------------------------             ----------
 (Address of principal executive offices)               (Zip Code)

       Registrant's telephone number, including area code: (212) 572-8600


         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X]   No [ ]

         Indicate by check mark whether the registrant is an accelerated filer
(as defined in Rule 12b-2 of the Exchange Act of 1934). Yes [ ]   No [X]


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         The number of shares outstanding of the Registrant's common stock was
1,000 shares as of September 30, 2002, all of which were held by an affiliate of
Mafco Holdings Inc. As of December 17, 2002, the Registrant converted into a
Delaware limited liability company and the outstanding shares of common stock
were converted into membership interests.







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                                EXPLANATORY NOTE

This Amendment No. 1 amends the Registrant's Quarterly Report on Form 10-Q for
the quarterly period ended September 30, 2002 by amending and restating Item 4
in its entirety to incorporate a small number of technical changes.
















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ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

         The Company's Chief Executive Officer and Chief Financial Officer (who
are its principal executive officer and principal financial officer,
respectively) have within 90 days prior to the filing date of this report (the
"Evaluation Date"), evaluated the effectiveness of the Company's disclosure
controls and procedures (as defined in Exchange Act Rule 13a-14(c) and
15d-14(c)). Based upon such evaluation, the Chief Executive Officer and Chief
Financial Officer have concluded that such disclosure controls and procedures
are effective to ensure that information required to be disclosed by the Company
in the reports filed or submitted by it under the Securities Exchange Act of
1934, as amended, is recorded, processed, summarized and reported within the
time periods specified in the SEC's rules and that such information is
accumulated and communicated to management, including the Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding disclosure. The Company's Chief Executive Officer and Chief Financial
Officer have determined that there were no significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the Evaluation Date.

PART II.   OTHER INFORMATION

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K

           (a) EXHIBITS

99.1  Certification of Ronald O. Perelman, Chief Executive Officer, dated April
25, 2003, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes-Oxley Act of 2002.

99.2  Certification of Todd J. Slotkin, Chief Financial Officer, dated April 25,
2003, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002.


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                                   SIGNATURES

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

                                REV HOLDINGS LLC
                                ----------------
                                   Registrant

 By: /s/ Ronald O. Perelman                  By: /s/ Todd J. Slotkin
     ----------------------                      -------------------
       Ronald O. Perelman                          Todd J. Slotkin
       Chief Executive Officer                     Executive Vice President,
       and Manager                                 Chief Financial Officer,
                                                   Chief Accounting Officer
                                                   and Manager

Dated: April 25, 2003


                                  EXHIBIT INDEX


Exhibit No.        Description
-----------        -----------

Exhibit 99.1       Certification of Ronald O. Perelman, Chief Executive Officer,
                   dated April 25, 2003, pursuant to 18 U.S.C. Section 1350, as
                   adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                   2002.

Exhibit 99.2       Certification of Todd J. Slotkin, Chief Financial Officer,
                   dated April 25, 2003, pursuant to 18 U.S.C. Section 1350, as
                   adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                   2002.




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                  REV HOLDINGS LLC AND SUBSIDIARIES

         I, Ronald O. Perelman, certify that:

                  1.       I have reviewed this quarterly report on Form 10-Q of
                           REV Holdings LLC (the "Registrant"), as amended by
                           Amendment No. 1 to the quarterly report;

                  2.       Based on my knowledge, this quarterly report does not
                           contain any untrue statement of a material fact or
                           omit to state a material fact necessary to make the
                           statements made, in light of the circumstances under
                           which such statements were made, not misleading with
                           respect to the period covered by this quarterly
                           report;

                  3.       Based on my knowledge, the financial statements, and
                           other financial information included in this
                           quarterly report, fairly present in all material
                           respects the financial condition, results of
                           operations and cash flows of the Registrant as of,
                           and for, the periods presented in this quarterly
                           report;

                  4.       The Registrant's other certifying officer and I are
                           responsible for establishing and maintaining
                           disclosure controls and procedures (as defined in
                           Exchange Act Rules 13a-14 and 15d-14) for the
                           Registrant and have:

                           a)  Designed such disclosure controls and procedures
                               to ensure that material information relating to
                               the Registrant, including its consolidated
                               subsidiaries, is made known to us by others
                               within those entities, particularly during the
                               period in which this quarterly report is being
                               prepared;

                           b)  Evaluated the effectiveness of the Registrant's
                               disclosure controls and procedures as of a date
                               within 90 days prior to the filing date of this
                               quarterly report (the "Evaluation Date"); and

                           c)  Presented in this quarterly report our
                               conclusions about the effectiveness of the
                               disclosure controls and procedures based on our
                               evaluation as of the Evaluation Date;

                  5.       The Registrant's other certifying officer and I have
                           disclosed, based on our most recent evaluation, to
                           the Registrant's auditors and the audit committee of
                           Registrant's board of directors (or persons
                           performing the equivalent function):

                           a)  All significant deficiencies in the design or
                               operation of internal controls which could
                               adversely affect the Registrant's ability to
                               record, process, summarize and report financial
                               data



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                               and have identified for the Registrant's
                               auditors any material weaknesses in internal
                               controls; and

                           b)  Any fraud, whether or not material, that involves
                               management or other employees who have a
                               significant role in the Registrant's internal
                               controls; and

                  6.       The Registrant's other certifying officer and I have
                           indicated in this quarterly report whether or not
                           there were significant changes in internal controls
                           or in other factors that could significantly affect
                           internal controls subsequent to the date of our most
                           recent evaluation, including any corrective actions
                           with regard to significant deficiencies and material
                           weaknesses.

                           Date:  April 25, 2003     /s/ Ronald O. Perelman
                                                     ------------------------
                                                     Name: Ronald O. Perelman
                                                     Title: Chief Executive
                                                     Officer of REV Holdings LLC




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                        REV HOLDINGS LLC AND SUBSIDIARIES

         I, Todd J. Slotkin, certify that:

                  1.       I have reviewed this quarterly report on Form 10-Q of
                           REV Holdings LLC (the "Registrant"), as amended by
                           Amendment No. 1 to the quarterly report;

                  2.       Based on my knowledge, this quarterly report does not
                           contain any untrue statement of a material fact or
                           omit to state a material fact necessary to make the
                           statements made, in light of the circumstances under
                           which such statements were made, not misleading with
                           respect to the period covered by this quarterly
                           report;

                  3.       Based on my knowledge, the financial statements, and
                           other financial information included in this
                           quarterly report, fairly present in all material
                           respects the financial condition, results of
                           operations and cash flows of the Registrant as of,
                           and for, the periods presented in this quarterly
                           report;

                  4.       The Registrant's other certifying officer and I are
                           responsible for establishing and maintaining
                           disclosure controls and procedures (as defined in
                           Exchange Act Rules 13a-14 and 15d-14) for the
                           Registrant and have:

                           a)  Designed such disclosure controls and procedures
                               to ensure that material information relating to
                               the Registrant, including its consolidated
                               subsidiaries, is made known to us by others
                               within those entities, particularly during the
                               period in which this quarterly report is being
                               prepared;

                           b)  Evaluated the effectiveness of the Registrant's
                               disclosure controls and procedures as of a date
                               within 90 days prior to the filing date of this
                               quarterly report (the "Evaluation Date"); and

                           c)  Presented in this quarterly report our
                               conclusions about the effectiveness of the
                               disclosure controls and procedures based on our
                               evaluation as of the Evaluation Date;

                  5.       The Registrant's other certifying officer and I have
                           disclosed, based on our most recent evaluation, to
                           the Registrant's auditors and the audit committee of
                           Registrant's board of directors (or persons
                           performing the equivalent function):

                           a)  All significant deficiencies in the design or
                               operation of internal controls which could
                               adversely affect the Registrant's ability to
                               record, process, summarize and report financial
                               data



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<PAGE>


                               and have identified for the Registrant's
                               auditors any material weaknesses in internal
                               controls; and

                           b)  Any fraud, whether or not material, that involves
                               management or other employees who have a
                               significant role in the Registrant's internal
                               controls; and

                  6.       The Registrant's other certifying officer and I have
                           indicated in this quarterly report whether or not
                           there were significant changes in internal controls
                           or in other factors that could significantly affect
                           internal controls subsequent to the date of our most
                           recent evaluation, including any corrective actions
                           with regard to significant deficiencies and material
                           weaknesses.

                           Date:  April 25, 2003     /s/ Todd J. Slotkin
                                                     ---------------------------
                                                     Name: Todd J. Slotkin
                                                     Title: Chief Financial
                                                     Officer of REV Holdings LLC





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