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 June 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
    -------         --------


          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


            Management's Narrative Analysis of Results of Operations.....  1-2


            Controls and Procedures......................................   2


            Financial Statements
              Statements of Operations and Changes in Member's Equity....   3
              Balance Sheets.............................................   4
              Statements of Cash Flows...................................   5
              Notes to Financial Statements..............................  6-7
              Report of Independent Auditors.............................   8


Part II.  Other Information..............................................   9


            Signature and Certifications................................. 10-13


<PAGE>


PART I.  FINANCIAL INFORMATION
------------------------------


                          JCP&L TRANSITION FUNDING LLC

                       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. The first quarterly  payment
of Bond principal, interest and related expenses was made on March 5, 2003.

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 $18.4 million for the
six-month period ended June 30, 2003, compared to $2.1 million for the same
period in 2002, which relate to TBC revenues recognized during the period that
are being collected from JCP&L customers.

       Expenses

          Amortization  expense  increased  to $9.6  million for the  six-month
period  ended June 30,  2003,  compared  to $1.2  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 $8.7 million for the
period  in 2003  compared  to $0.9  million  in 2002,  which  represent  accrued
interest on the Bonds.

                                       1

<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.


                             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-14(c) and 15d-14(c), as
of a date within 90 days prior to the filing date of 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,
during the period in which this quarterly  report was being  prepared,  material
information  relating  to the Company by others  within the  Company  and/or the
Company's parent, JCP&L.

(b)  Changes in Internal Controls

          Effective June 1, 2003,  the  registrant  implemented a new Enterprise
Resource  Planning (ERP) system.  While the associated  business process changes
transform the internal control structure,  management believes adequate controls
have been properly  integrated into the reengineered  ERP-enabled  processes and
that internal controls will be enhanced.

                                       2

<PAGE>

<TABLE>


                          JCP&L TRANSITION FUNDING LLC


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


<CAPTION>
                                                                  Three Months                 Six Months
                                                                   Ended June 30,             Ended June 30,
                                                               ------------------            -----------------
                                                               2003          2002            2003         2002
                                                               ----          ----            ----         ----
                                                                                (In Thousands)
REVENUES:
<S>                                                            <C>          <C>             <C>          <C>
     Transition bond charge revenues...................        $8,999       $2,067          $18,402      $2,067
     Interest income...................................            19           --               73          --
                                                               ------       ------          -------      ------

         Total Revenues................................         9,018        2,067           18,475       2,067
                                                               ------       ------          -------      ------


EXPENSES:
     Amortization of bondable transition property......         4,721        1,157            9,558       1,157
     Interest expense..................................         4,189          910            8,704         910
     Administrative and general expenses...............           105           --              205          --
                                                               -------      ------          -------      ------

         Total Expenses................................         9,015        2,067           18,467       2,067
                                                               ------       ------          -------      ------

OPERATING INCOME.......................................             3           --                8          --
                                                               ------       ------          -------      ------

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

NET INCOME.............................................        $    2       $   --          $     5      $   --
                                                               ======       ======          =======      ======


Member's equity, beginning of period...................        $1,611       $    1          $ 1,608      $    1

Net Income.............................................             2           --                5          --

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

Member's equity, end of period.........................        $1,613       $1,601           $1,613      $1,601
                                                               ======       ======           ======      ======

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

                                       3
</TABLE>


<PAGE>


                          JCP&L TRANSITION FUNDING LLC


                                 BALANCE SHEETS


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

CURRENT ASSETS:
   Cash and cash equivalents.........................  $        1     $       1
   Restricted funds held by Trustee..................       5,460        19,750
   Transition bond charge receivable from Servicer...      41,799        23,127
                                                       ----------     ---------
                                                           47,260        42,878
                                                       ----------     ---------

OTHER ASSETS:
   Bondable transition property......................     296,573       306,130
                                                       ----------     ---------


                                                       $  343,833     $ 349,008
                                                       ==========     =========



             LIABILITIES AND MEMBER'S EQUITY

CURRENT LIABILITIES:
   Currently payable long-term debt..................  $   15,526     $  23,799
   Accrued taxes.....................................           6             4
   Accrued interest..................................       1,385         9,532
   Payable to parent company.........................      35,743        17,806
                                                       ----------     ---------
                                                           52,660        51,141
                                                       ----------     ---------

CAPITALIZATION:
   Member's equity...................................       1,613         1,608
   Long-term debt....................................     289,560       296,259
                                                       ----------     ---------
                                                          291,173       297,867
                                                       ----------     ---------


                                                       $  343,833     $ 349,008
                                                       ==========     =========


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

                                       4

<PAGE>

<TABLE>

                          JCP&L TRANSITION FUNDING LLC


                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<CAPTION>
                                                                   Three Months                  Six Months
                                                                   Ended June 30,              Ended June 30,
                                                               --------------------         -------------------
                                                                2003          2002           2003         2002
                                                               ------        ------         ------       ------
                                                                                 (In Thousands)
Cash Flows from Operating Activities:
<S>                                                           <C>          <C>             <C>         <C>
Net income..............................................      $      2     $      --       $      5    $      --
   Adjustments to reconcile net income to net cash
     from operating activities-
       Amortization of bondable transition property ....         4,721         1,157          9,558        1,157
       Restricted funds held by Trustee ................           123        (1,600)        14,290       (1,600)
       Transition bond charge receivable from Servicer .        (9,026)       (2,083)       (18,672)      (2,083)
       Accounts payable to parent company...............         9,106            --         17,937           --
       Accrued interest.................................           (17)          910         (8,147)         910
       Other............................................           (86)           16            (57)          16
                                                              --------     ---------       --------    ---------
Net cash provided from (used for) operating activities..         4,823        (1,600)        14,914       (1,600)
                                                              --------     ---------       --------    ---------

Cash Flows from Financing Activities:
   New Financing-
     Proceeds from issuance of transition bonds.........            --       318,106             --      318,106
     Capital contributed by member......................            --         1,600             --        1,600
   Redemptions and Repayments-
     Long-term debt  repayments.........................        (4,823)           --        (14,914)          --
                                                              --------     ---------       --------    ---------

Net cash provided from (used for) financing activities..        (4,823)      319,706        (14,914)     319,706
                                                              --------     ---------       --------    ---------

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

Net cash used for investing activities..................            --      (318,106)            --     (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............................................      $  4,206     $      --       $ 16,852    $      --
                                                              ========     =========       ========    =========




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

                                       5
</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,
was formed on February 24, 2000.  The Company is a wholly  owned  subsidiary  of
JCP&L.  JCP&L  is a  wholly  owned  electric  utility  operating  subsidiary  of
FirstEnergy Corp.

          On June 11, 2002,  the Company  issued $320 million of 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 BTP, issuing  transition bonds to fund the purchase of BTP,  pledging its
interest in BTP and other  collateral to the Trustee under an indenture  between
the Company and the Trustee  (Indenture) to collateralize  the transition 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 TBC from
JCP&L's electric  customers pursuant to the Financing Order. The Financing Order
was issued on  February  6, 2002 by the NJBPU in  accordance  with the  Electric
Discount  and  Energy  Competition  Act  enacted  by the State of New  Jersey in
February  1999.  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 June 30, 2003 and
for the three months and six months ended June 30, 2003 and 2002 are  unaudited,
but include all  adjustments  that the Company  considers  necessary  for a fair
presentation  of its  financial  statements.  All  adjustments  are of a normal,
recurring nature,  except as otherwise disclosed.  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.

       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.

                                       6

<PAGE>


          Scheduled  maturity and interest  rates for the Bonds at June 30, 2003
are as follows:
<TABLE>
<CAPTION>
                                                                 Expected Final             Legal Final
     Class        Interest Rate        Principal Amount           Payment Date             Maturity Date
     -----        -------------        ----------------        -----------------         -----------------
                                       (In Thousands)
      <S>            <C>                   <C>                 <C>                      <C>
      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               (15,026)
         Current maturities:
           -- Class A-1 bonds               (15,526)
         Refundable bond collateral             112
                                           --------
         Long-term debt                    $289,560
                                           ========

</TABLE>

          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.  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 June 30, 2003,  the  following  balances  were  reflected in the
subaccounts maintained by the Trustee:

                                                   Balance
               Subaccount                      (In Thousands)
               ----------                      --------------
               General.................            $2,677
               Reserve.................             1,604
               Overcollateralization...                80
               Capital.................             1,099
                                                   ------
                 Total.................            $5,460
                                                   ======

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  $200,000 during the six-month period
ended June 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 six-month period ended June 30, 2003, no expenses for  administrative
services were paid or accrued by the Company.

                                       7

<PAGE>

                        REPORT OF INDEPENDENT AUDITORS



To the Member of
JCP&L Transition Funding LLC:

          We have reviewed the  accompanying  balance sheet of JCP&L  Transition
Funding LLC as of June 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
six-month  periods  ended  June  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 information from which
it has been derived.


PricewaterhouseCoopers LLP
Cleveland, Ohio
August 15, 2003


                                    8

<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 letter from chief executive officer, as adopted
                   pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

              31.2 Certification letter from chief financial officer, as adopted
                   pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

              32.1 Certification letter from chief executive officer and chief
                   financial officer, as adopted pursuant to Section 906 of the
                   Sarbanes-Oxley Act of 2002.

           (b) Reports on Form 8-K

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

                                       9

<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.






August 18, 2003

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

                                       10