UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                    FORM 10-Q

                THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN
              GENERAL INSTRUCTION H(1) (a) AND (b) OF FORM 10-Q AND
        IS THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT


(Mark One)
           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2003

                                       OR

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

For the transition period from            to

Commission        Registrant; State of Incorporation;          I.R.S. Employer
File Number          Address; and Telephone Number            Identification No.
-----------       -----------------------------------         ------------------

333-31250         JCP&L TRANSITION FUNDING LLC                    75-2998870
                  (A Delaware Limited Liability Company)
                  103 Foulk Road, Suite 202
                  Wilmington, DE 19803-3742
                  Telephone (302) 691-6118



          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 Act):

Yes    X         No
    -------         --------



          This  Form  10-Q   includes   forward-looking   statements   based  on
information  currently  available to management.  Such statements are subject to
certain risks and uncertainties. These statements typically contain, but are not
limited to, the terms "anticipate", "potential", "expect", "believe", "estimate"
and  similar  words.  Actual  results may differ  materially  due to national or
regional  economic  conditions;  changes in market demand and prices for energy;
legislative and regulatory developments; new technologies (including distributed
generation);  weather variations  affecting customer energy usage; the effect of
continued electric industry restructuring;  operating performance of third party
suppliers;   the  payment   patterns  of   customers,   including  the  rate  of
delinquencies; and the outcome of legal proceedings.


<PAGE>


                                TABLE OF CONTENTS


                                                                            Page

Part I.   Financial Information


          Item 1.  Financial Statements
                     Statements of Operations and Changes
                        in Member's Equity............................       1
                     Balance Sheets...................................       2
                     Statements of Cash Flows.........................       3
                     Notes to Financial Statements....................      4-6
                     Report of Independent Accountants................       7

          Item 2.  Management's Narrative Analysis of
                     Results of Operations............................      8-9

          Item 4.  Controls and Procedures............................       9



Part II.  Other Information

          Item 1.  Legal Proceedings..................................      10

          Item 6.  Exhibits and Reports on Form 8-K...................      10


          Signature and Certifications................................     11-14


<PAGE>

<TABLE>
PART I.  FINANCIAL INFORMATION
------------------------------


                                         ITEM 1. FINANCIAL STATEMENTS




                                         JCP&L TRANSITION FUNDING LLC


                            STATEMENTS OF OPERATIONS AND CHANGES IN MEMBER'S EQUITY
                                                  (Unaudited)
<CAPTION>

                                                                 Three Months                 Nine Months
                                                             Ended September 30,          Ended September 30,
                                                             --------------------         --------------------
                                                               2003         2002           2003          2002
                                                               ----         ----           ----          ----
                                                                              (In Thousands)
REVENUES:
<S>                                                           <C>          <C>             <C>          <C>
     Transition bond charge revenues...................       $11,336      $11,448         $29,738      $13,515
     Interest income...................................             9            3              82            3
                                                              -------      -------         -------      -------

         Total Revenues................................        11,345       11,451          29,820       13,518
                                                              -------      -------         -------      -------


EXPENSES:
     Amortization of bondable transition property......         7,074        7,020          16,632        8,177
     Interest expense..................................         4,153        4,311          12,857        5,221
     Administrative and general expenses...............           117          117             322          117
                                                              -------      -------         -------      -------

         Total Expenses................................        11,344       11,448          29,811       13,515
                                                              -------      -------         -------      -------

OPERATING INCOME.......................................             1            3               9            3
                                                              -------      -------         -------       ------

Income tax expense.....................................            --            1               3            1
                                                              -------      -------         -------      -------

NET INCOME.............................................       $     1      $     2         $     6      $     2
                                                              =======      =======         =======      =======


Member's equity, beginning of period...................       $ 1,613      $ 1,601         $ 1,608   $        1

Net Income.............................................             1            2               6            2

Capital contributed by member..........................            --           --              --        1,600
                                                              -------      -------         -------      -------

Member's equity, end of period.........................       $ 1,614      $ 1,603         $ 1,614      $ 1,603
                                                              =======      =======         =======      =======

<FN>
The accompanying Notes to Financial Statements are an integral part of these statements.
</FN>

                                                       1
</TABLE>

<PAGE>


                          JCP&L TRANSITION FUNDING LLC


                                 BALANCE SHEETS


                                                     September 30,  December 31,
                                                         2003          2002
                                                     -------------  ------------
                                                       (Unaudited)
                                                            (In Thousands)
                           ASSETS

CURRENT ASSETS:
   Cash and cash equivalents..........................  $      1      $      1
   Restricted funds held by Trustee...................     3,937        19,750
   Transition bond charge receivable from Servicer....    53,162        23,127
                                                        --------      --------
                                                          57,100        42,878
                                                        --------      --------

OTHER ASSETS:
   Bondable transition property.......................   289,498       306,130
                                                        --------      --------


                                                        $346,598      $349,008
                                                        ========      ========


             LIABILITIES AND MEMBER'S EQUITY

CURRENT LIABILITIES:
   Currently payable long-term debt...................  $ 15,268      $ 23,799
   Accrued taxes......................................         4             4
   Accrued interest...................................     1,385         9,532
   Payable to parent company..........................    42,855        17,806
                                                        --------      --------
                                                          59,512        51,141
                                                        --------      --------

CAPITALIZATION:
   Member's equity....................................     1,614         1,608
   Long-term debt.....................................   285,472       296,259
                                                        --------      --------
                                                         287,086       297,867
                                                        --------      --------


                                                        $346,598      $349,008
                                                        ========      ========


The accompanying Notes to Financial Statements are an integral part of these
balance sheets.

                                        2
<PAGE>

<TABLE>

                                         JCP&L TRANSITION FUNDING LLC


                                           STATEMENTS OF CASH FLOWS
                                                  (Unaudited)


<CAPTION>
                                                                Three Months                   Nine Months
                                                             Ended September 30,           Ended September 30,
                                                               2003        2002             2003        2002
                                                               ----        ----             ----        ----
                                                                               (In Thousands)
Cash Flows from Operating Activities:
<S>                                                          <C>         <C>             <C>         <C>
Net income..............................................     $     1     $     2         $      6    $       2
   Adjustments to reconcile net income to net cash
     from operating activities-
       Amortization of bondable transition property.....       7,074       7,020           16,632        8,177
       Restricted funds held by Trustee.................       1,523      (8,023)          15,813       (9,623)
       Transition bond charge receivable from Servicer .     (11,363)     (3,472)         (30,035)      (5,555)
       Accounts payable to parent company...............       7,112          --           25,049           --
       Accrued interest.................................          (1)      4,311           (8,147)       5,221
       Other............................................          --         162              (58)         178
                                                             -------     -------         --------    ---------
Net cash provided from (used for) operating activities..       4,346          --           19,260       (1,600)
                                                             -------     -------         --------    ---------

Cash Flows from Financing Activities:
   New Financing-
     Proceeds from issuance of transition bonds.........          --          --               --      318,106
     Capital contributed by member......................          --          --               --        1,600
   Redemptions and Repayments-
     Long-term debt  repayments.........................      (4,346)         --          (19,260)          --
                                                             -------     -------         --------    ---------

Net cash provided from (used for) financing activities..      (4,346)         --          (19,260)     319,706
                                                             -------     -------         --------    ---------

Cash Flows from Investing Activities:
   Purchase of bondable transition property.............          --          --               --     (318,106)
                                                             -------     -------         --------    ---------

Net cash used for investing activities..................          --          --               --     (318,106)
                                                             -------     -------         --------    ---------

Net change in cash and cash equivalents.................          --          --               --           --
Cash and cash equivalents at beginning of period........           1           1                1            1
                                                             -------     -------         --------    ---------
Cash and cash equivalents at end of period..............     $     1     $     1         $      1    $       1
                                                             =======     =======         =========   =========

Supplemental Cash Flows Information:
Cash Paid During the Period from Restricted Funds
   Held by Trustee-
     Interest...........................................     $ 4,153     $    --         $ 21,005    $      --
                                                             =======     =======         =========   =========

<FN>
The accompanying Notes to Financial Statements are an integral part of these statements.
</FN>

                                                      3
</TABLE>

<PAGE>


                          JCP&L TRANSITION FUNDING LLC

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


1 -  NATURE OF OPERATIONS

          JCP&L  Transition  Funding LLC, a Delaware limited  liability  company
(Company),  was formed on  February  24,  2000.  The  Company is a wholly  owned
subsidiary of Jersey  Central Power & Light Company  (JCP&L).  JCP&L is a wholly
owned electric utility operating subsidiary of FirstEnergy Corp.

          On February 6, 2002,  JCP&L  received a bondable  stranded  costs rate
order (Financing  Order) from the New Jersey Board of Public  Utilities  (NJBPU)
authorizing  the issuance of $320 million of transition  bonds to securitize the
recovery of bondable  stranded costs  associated  with the  previously  divested
Oyster Creek  Nuclear  Generating  Station.  The  Financing  Order was issued in
accordance with the Electric Discount and Energy  Competition Act enacted by the
State of New Jersey in February 1999.

          On June 11, 2002,  the Company  issued $320  million of Series  2002-A
Transition  Bonds  (Bonds),  in four  classes,  to  securitize  the  recovery of
bondable  stranded costs  associated  with the previously  divested Oyster Creek
Nuclear Generating Station. See Note 3 for additional information.

          The Company  was  organized  for the sole  purpose of  purchasing  and
owning bondable transition property (BTP),  issuing transition bonds to fund the
purchase of BTP,  pledging its interest in BTP and other  collateral to The Bank
of New York as trustee for the Bonds  (Trustee)  under an indenture  between the
Company and the Trustee  Indenture) to  collateralize  the Bonds, and performing
activities  that are  necessary,  suitable or  convenient  to  accomplish  these
purposes.  BTP represents the irrevocable right to charge,  collect and receive,
and be paid from collections of, a  non-bypassable  transition bond charge (TBC)
from JCP&L's electric  customers  pursuant to the Financing Order. The Financing
Order  authorizes  the TBC  collections  to be  sufficient  to recover  the $320
million  aggregate  principal amount of the Bonds,  plus an amount sufficient to
provide for any credit  enhancement,  to fund any  reserves  and to pay interest
(including  financing costs),  redemption  premiums,  if any, servicing fees and
other expenses relating to the Bonds.

          The  Company's  organizational  documents  require  it to operate in a
manner so that it should not be consolidated  in the bankruptcy  estate of JCP&L
in the event JCP&L becomes  subject to a bankruptcy  proceeding.  Both JCP&L and
the  Company  have  treated  the  transfer of BTP to the Company as a sale under
applicable  law,  and the Bonds are being  treated  as debt  obligations  of the
Company.  For financial  reporting,  federal  income tax and State of New Jersey
income and corporate  business tax purposes,  the transfer of BTP to the Company
is being treated as a financing  arrangement and not as a sale. Under applicable
law,  the Bonds are  recourse  only to the  Company  and are not  secured by the
assets of JCP&L.

2 -  FINANCIAL STATEMENTS

          The accompanying interim financial statements as of September 30, 2003
and for the three months and nine months ended  September  30, 2003 and 2002 are
unaudited,  but include all adjustments that the Company considers necessary for
a fair presentation of its financial  statements.  The December 31, 2002 balance
sheet data were derived from audited financial statements but do not include all
disclosures  required by accounting  principles generally accepted in the United
States.  Certain information in these unaudited footnote  disclosures,  normally
included  in  financial   statements  prepared  in  accordance  with  accounting
principles  generally  accepted  in the United  States,  has been  condensed  or
omitted  in  this  Form  10-Q  pursuant  to the  rules  and  regulations  of the
Securities and Exchange  Commission.  These unaudited  financial  statements and
notes should be read in conjunction  with the audited  financial  statements and
notes of the  Company  included  in its Annual  Report on Form 10-K for the year
ended December 31, 2002.  Certain prior year amounts have been  reclassified  to
conform with the current year presentation.

          The Company's independent  accountants have performed a review of, and
issued a report on,  these  interim  financial  statements  in  accordance  with
standards established by the American Institute of Certified Public Accountants.
Pursuant to Rule 436(c) under the Securities  Act of 1933,  their report of that
review  should not be considered a report within the meaning of Section 7 and 11
of that Act, and the  independent  accountant's  liability under Section 11 does
not extend to them.

                                       4

<PAGE>


        Estimates

          The preparation of financial  statements in conformity with accounting
principles  generally accepted in the United States requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities,  and disclosure of contingent assets and liabilities at the date of
the financial statements, and revenues and expenses during the reporting period.
Actual results could differ from those estimates.

3 -  BONDS

          In June 2002, the Company issued $320 million of Bonds,  consisting of
four  classes.  The Company used the net proceeds  from the sale of the Bonds to
fund the purchase of BTP from JCP&L. The Bonds are  collateralized on a pro-rata
basis by the BTP and the equity and assets of the Company.

          Scheduled  maturity and  interest  rates for the Bonds as of September
30, 2003 are as follows:

                                             Expected Final      Legal Final
Class     Interest Rate    Principal Amount   Payment Date       Maturity Date
-----     -------------    ---------------- ----------------   -----------------
                            (In Thousands)
 A-1.....    4.19%             $ 91,111     December 5, 2007   December 5, 2009
 A-2.....    5.39%               52,297     September 5, 2010  September 5, 2012
 A-3.....    5.81%               77,075     December 5, 2013   December 5, 2015
 A-4.....    6.16%               99,517     June 5, 2017       June 5, 2019
                                --------
                                320,000
    Principal payments to date:
      -- Class A-1 bonds        (19,398)
    Current maturities:
      -- Class A-1 bonds        (15,268)
    Refundable bond collateral      138
                               --------
    Long-term debt             $285,472
                               ========

          The  expected  final  payment  date for each class of the Bonds is the
date on which there is expected to be no further  outstanding  principal balance
for that class, based upon an expected amortization schedule for that class. The
Company  has  made  certain   assumptions  in  establishing  these  amortization
schedules,  including, among other things, that all TBC collections are received
in  accordance  with  JCP&L's  forecasts.  There  can be no  assurance  that the
principal  balance  of any  class of the  Bonds  will be  reduced  at the  rates
indicated in these  amortization  schedules.  The legal final  maturity date for
each class of the Bonds is the date on which the  Company is required to pay any
outstanding  principal  balance for that class. The Bonds will not be in default
if principal is not paid in accordance with the expected amortization schedules;
however, a default will occur if the entire outstanding  balance of any class is
not paid on or before the final maturity date of that class.

          The source for repayment of the Bonds is the TBC  authorized  pursuant
to the Financing Order,  which is being collected from JCP&L customers by JCP&L,
 as Servicer under a servicing agreement (Servicing Agreement) with the Company
which  requires  JCP&L,  as Servicer,  to manage and  administer  the BTP of the
Company  and  collect  the TBC on  behalf of the  Company.  JCP&L  deposits  TBC
collections  daily into a  collection  account  maintained  by the  Trustee.  In
accordance with the Indenture,  the Trustee  allocates amounts in the collection
account to general, reserve,  overcollateralization and capital subaccounts. The
general  subaccount is used to make principal and interest payments on the Bonds
and to pay expenses, fees and charges as specified in the Indenture. The reserve
subaccount is  maintained  for the purpose of retaining any excess amount of TBC
collections   and  investment   earnings  not  released  to  the  Company.   The
overcollateralization  subaccount is held by the Trustee as a credit enhancement
to fund payments in the event of a collection  shortfall,  and the funding level
of the overcollateralization subaccount is 0.5% of the initial principal balance
of the Bonds, funded ratably over the life of the Bonds. If amounts available in
the general, reserve or overcollateralization  subaccounts are not sufficient on
any payment date to make  scheduled  payments  specified in the  Indenture,  the
Trustee  will draw on amounts in the capital  subaccount.  Upon  issuance of the
Bonds, an amount equal to 0.5% of the initial principal balance of the Bonds was
deposited into the capital  subaccount.  Any amounts  collateralizing  the Bonds
that  remain  upon  repayment  of all the  Bonds  will be  refunded  to  JCP&L's
customers.

          As of September 30, 2003, the following balances were reflected in the
subaccounts maintained by the Trustee:

                                                   Balance
                 Subaccount                    (In Thousands)
                 ----------                    --------------
                 General....................        $  423
                 Reserve....................         1,600
                 Overcollateralization......           133
                 Capital....................         1,781
                                                    ------
                   Total....................        $3,937
                                                    ======

                                       5

<PAGE>


4 -  SIGNIFICANT AGREEMENTS AND RELATED PARTY TRANSACTIONS

          Under the Servicing Agreement between JCP&L and the Company, JCP&L, as
Servicer, manages and administers the BTP of the Company and collects the TBC on
behalf of the Company. The Company is required to pay an annual servicing fee to
JCP&L equal to 0.125% of the initial principal balance of the Bonds outstanding,
or $400,000,  of which the Company accrued $300,000 during the nine-month period
ended  September 30, 2003.  This servicing fee is being recovered by the Company
through the TBC. The Company has also entered into an  administration  agreement
with  FirstEnergy  Service  Company,  an affiliated  company,  pursuant to which
FirstEnergy  Service Company  provides  administrative  services to the Company.
During  the  nine-month  period  ended  September  30,  2003,  no  expenses  for
administrative services were paid or accrued by the Company.

                                       6

<PAGE>


                           REPORT OF INDEPENDENT ACCOUNTANTS




To the Member of
JCP&L Transition Funding LLC:

We have reviewed the accompanying  balance sheet of JCP&L Transition Funding LLC
as of September 30, 2003,  and the related  statements of operations and changes
in member's  equity and of cash flows for each of the three-month and nine-month
periods ended September 30, 2003 and 2002.  These interim  financial  statements
are the responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information  consists  principally of applying analytical  procedures and making
inquiries of persons  responsible  for financial and accounting  matters.  It is
substantially less in scope than an audit conducted in accordance with generally
accepted  auditing  standards,  the  objective of which is the  expression of an
opinion regarding the financial statements taken as a whole. Accordingly,  we do
not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the  accompanying  interim  financial  statements  for  them to be in
conformity with accounting principles generally accepted in the United States of
America.

We previously audited in accordance with auditing  standards  generally accepted
in the United States of America,  the balance sheet as of December 31, 2002, and
the related  statements of operations and changes in member's equity and of cash
flows for the year then ended (not  presented  herein),  and in our report dated
February  28,  2003 we  expressed  an  unqualified  opinion  on those  financial
statements.  In our  opinion,  the  information  set  forth in the  accompanying
balance  sheet  information  as of December  31, 2002,  is fairly  stated in all
material  respects  in  relation  to the  balance  sheet  from which it has been
derived.




PricewaterhouseCoopers LLP
Cleveland, Ohio
November 13, 2003

                                       7

<PAGE>

                          JCP&L TRANSITION FUNDING LLC

                   ITEM 2. MANAGEMENT'S NARRATIVE ANALYSIS OF
                              RESULTS OF OPERATIONS


Background
----------

          In accordance  with the Electric  Discount and Energy  Competition Act
enacted by the State of New Jersey in  February  1999,  the New Jersey  Board of
Public  Utilities  (NJBPU) is authorized to issue  "bondable  stranded cost rate
orders,"  approving,  among other things,  the issuance of  transition  bonds to
recover  bondable  stranded  costs and related  expenses  of an electric  public
utility.

          In February 2000, JCP&L Transition  Funding LLC (Company),  a Delaware
limited  liability company and wholly owned subsidiary of Jersey Central Power &
Light Company  (JCP&L),  was  organized  for the sole purpose of purchasing  and
owning bondable  transition  property (BTP) and issuing transition bonds secured
by the BTP. BTP represents the irrevocable right to charge, collect and receive,
and be paid from collections of, a  non-bypassable  transition bond charge (TBC)
from  JCP&L's  electric  customers  pursuant to a bondable  stranded  costs rate
order. The Company's  organizational documents require it to operate in a manner
so that it should not be consolidated  in the bankruptcy  estate of JCP&L in the
event JCP&L becomes subject to a bankruptcy proceeding.

          On February 6, 2002,  JCP&L  received a bondable  stranded  costs rate
order (Financing  Order) from the NJBPU authorizing the issuance of $320 million
of  transition  bonds to  securitize  the  recovery of bondable  stranded  costs
associated with the previously divested Oyster Creek Nuclear Generating Station.

Issuance of Transition Bonds
---------------------------

          In June 2002,  the  Company  acquired  BTP from JCP&L and issued  $320
million of Series 2002-A Transition Bonds (Bonds),  Class A-1 through Class A-4,
with scheduled  maturities  ranging from 2007 through 2017, and final maturities
ranging  from  2009  through  2019.  The  Financing  Order  authorizes  the  TBC
collections  to be  sufficient to recover the $320 million  aggregate  principal
amount of the  Bonds,  plus an  amount  sufficient  to  provide  for any  credit
enhancement,  to fund any  reserves  and to pay  interest  (including  financing
costs),  redemption premiums, if any, servicing fees and other expenses relating
to the Bonds.

          The Company has no paid  employees,  and has entered  into a servicing
agreement with JCP&L (Servicing Agreement) which requires JCP&L, as Servicer, to
manage and administer the BTP of the Company and to collect the TBC on behalf of
the Company.  JCP&L began  remitting TBC collections to The Bank of New York, as
trustee for the Bonds (Trustee), on July 15, 2002.

Results of Operations
---------------------

          The  Company did not have  results of  operations  for the  five-month
period ended May 31, 2002.

       Revenues

          The Company did not earn revenues  prior to purchasing BTP and issuing
the  Bonds  on June 11,  2002.  Revenues  increased  to  $29.8  million  for the
nine-month  period ended  September 30, 2003,  compared to $13.5 million for the
same period in 2002, which relate to TBC revenues  recognized  during the period
collected from JCP&L customers.

       Expenses

          Amortization  expense  increased to $16.6  million for the  nine-month
period ended September 30, 2003, compared to $8.2 million for the same period in
2002,  which  relate  to  amortization  of BTP  (which  is based on TBC  revenue
collections).  In addition,  interest expense increased to $12.9 million for the
period  in 2003  compared  to $5.2  million  in 2002,  which  represent  accrued
interest on the Bonds.

                                       8

<PAGE>


Liquidity
---------

          Substantially all of the Company's  revenues are derived from the TBC,
the collection of which was authorized by the NJBPU in the Financing  Order, and
which is currently  being collected from JCP&L  customers.  The Company has risk
exposure  related  to  consumption   forecasting  by  JCP&L  and   unanticipated
delinquencies  or write-offs of JCP&L customer  receivables,  all of which could
result in insufficient TBC collections and thus insufficient  funds available to
make  scheduled  payments  on the Bonds and  provide  other  credit  support.  A
potential  shortfall or excess of TBC  collections  could occur  because the TBC
rate  assessed  to  JCP&L's  customers  is based  on  estimates  of  electricity
consumption,  customer  delinquencies  and write-offs.  The NJBPU is required to
make annual  adjustments  to the TBC upon petition by JCP&L,  in its capacity as
Servicer  on behalf of the  Company,  to  provide  sufficient  revenues  to make
scheduled payments on the Bonds and provide other credit support.  The Servicing
Agreement requires that JCP&L make those petitions.


ITEM 4.  CONTROLS AND PROCEDURES

(a)  Evaluation of Disclosure Controls and Procedures

          The Company's chief executive officer and chief financial officer have
reviewed and evaluated  the Company's  disclosure  controls and  procedures,  as
defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e), as
of the end of the date covered by this report.  Based on that  evaluation  those
officers have  concluded that the Company's  disclosure  controls and procedures
are effective and were designed to bring to their attention material information
relating  to the  Company by others  within  the  Company  and/or the  Company's
parent, JCP&L.

(b)  Changes in Internal Controls

          During the quarter ended September 30, 2003,  there were no changes in
the registrants'  internal control over financial reporting that have materially
affected,  or are  reasonably  likely to  materially  affect,  the  registrants'
internal control over financial reporting.

                                       9

<PAGE>


 PART II.  OTHER INFORMATION
----------------------------


Item 1.    Legal Proceedings
           -----------------

           None.

Item 6.    Exhibits and Reports on Form 8-K
           --------------------------------

           (a)  Exhibits

           Exhibit
           Number
           -------

              31.1  Certification of chief executive officer, pursuant to
                    Rule 13a-14(a)/15d-14(a).

              31.2  Certification of chief financial officer, pursuant to
                    Rule 13a-14(a)/15d-14(a).

              32.1  Certification of chief executive officer and chief
                    financial officer, pursuant to 18 U.S.C.ss.1350.

           (b) Reports on Form 8-K

                    No reports on Form 8-K were filed since December 31, 2002.

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<PAGE>



                                    SIGNATURE



          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
JCP&L  Transition  Funding  LLC has duly  caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.



November 14, 2003


                                              Harvey L. Wagner
                                       -----------------------------
                                       Vice President and Controller
                                      (Principal Accounting Officer)

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