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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                Date of Report: (Date of earliest event reported)

                                November 15, 2001



                          GOVERNMENT TRUSTS 1-C AND 1-D
            --------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                                    Illinois
                ------------------------------------------------
                 (State or other jurisdiction of incorporation)


              33-23681                         36-6889612      36-6889613
         ------------------------            -----------------------------
         (Commission File Number)               (IRS Employer I.D. No.)


         Bank One Trust Company, NA (formerly The First National Bank of
                                Chicago), Trustee
              9/th/ Floor, Suite IL1-0126, Chicago, Illinois 60670
              ----------------------------------------------------
               (Address of principal executive offices (Zip Code)


       Registrant's telephone number, including area code: (312) 407-2797




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Item 5.           Other Events

Attached hereto as Exhibit A are copies of the reports to holders of Government
Trust Certificates Class 1-C & 1-D, dated November 15, 2001.

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                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, Bank
One Trust Company, NA (formerly The First National Bank of Chicago) has duly
caused this report to be signed for the registrant Trust by a duly authorized
signatory of the Trustee.

                                        GOVERNMENT TRUST CERTIFICATES


                                             By: Bank One Trust Company, NA
                                                 --------------------------
                                                 (formerly The First National
                                                 Bank of Chicago)
                                                 Not in its individual capacity
                                                 but solely as Trustee on behalf
                                                 of the Trusts 1-C & 1-D.


                                        By:         /s/ Joan E. Blume
                                            ------------------------------------
                                                        Joan E. Blume
                                                        Trust Officer


Date: as of November 15, 2001

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                                                        Suite IL1-0540
                                                        One Bank One Plaza
                                                        Chicago, IL 60670-0540
                                                        1-800-524-9472

                                                November 15, 2001



To The Holders of
Government Trust Certificates
9.25% Current Coupon Certificates
Class 1-C Due 11/15/01

In accordance with Section 4.1 of the Declaration of Trust ("Trust"), Bank One
Trust Company, NA (formerly The First National Bank of Chicago), as Trustee and
not in its individual capacity ("Trustee"), hereby provides the holders of the
above-mentioned certificates this Semi-annual Report relating to the November
15, 2001 Certificate Payment Date.

Any capitalized terms used herein shall have the meaning assigned to them in the
Trust.

1.   The aggregate dollar amount of Principal distributed: $104,677,000.00

2.   The aggregate dollar amount of Interest distributed: $4,841,311.25

3.   The aggregate Principal Balance of the Class 1-C Certificates after the
     November 15, 2001 Certificate Payment Date: $0.00

4.   The Principal Balance of the Class 1-C Note after the November 3, 2001 Note
     Payment Date: $0.00

5.   The Deficient amount of the Note Payment: $-0-

Neither a delinquency in payment under any of the Notes nor an Event of Default
has occurred and is continuing.

I, Joan E. Blume, a Responsible Officer of the Trustee, to the best of my
knowledge and belief, certify that this Semi-annual Report is complete and
accurate.


                                                   /s/ Joan E. Blume
                                        ----------------------------------------
                                                      Joan E. Blume
                                                    Account Executive

                                        For Bank One Trust Company, NA (formerly
                                        The First National Bank of Chicago), as
                                        Trustee and not in its individual
                                        capacity.

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                                                        Suite IL1-0540
                                                        One Bank One Plaza
                                                        Chicago, IL 60670-0450
                                                        1-800-524-9472


                                                              November 15, 2001



To The Holders of
Government Trust Certificates
Zero Coupon Class 1-D

In accordance with Section 4.1 of the Declaration of Trust ("Trust"), Bank one
Trust Company, NA (formerly The First National Bank of Chicago), as Trustee and
not in its individual capacity ("Trustee"), hereby provides the holders of the
above-mentioned certificates this Semi-annual Report relating to the November
15, 2001 Certificate Payment Date.

Any capitalized terms used herein shall have the meaning assigned to them in the
Trust.

1.   The aggregate dollar amount distributed to holders of Class 1-D
     Certificates: $79,153,750.00

2.   The Principal Balance of the Class 1-D Note after the November 3,2001 Note
     Payment Date: $1,284,140,000.00.

3.   The Deficient amount of the Note Payment: $-0-

Neither a delinquency in payment under any of the Notes nor an Event of Default
has occurred and is continuing.

I, Joan E. Blume, a Responsible Officer of the Trustee, to the best of my
knowledge and belief, certify that this Semi-annual Report is complete and
accurate.

                                                   /s/ Joan E. Blume
                                        ----------------------------------------
                                                      Joan E. Blume
                                                    Account Executive

                                        For Bank One Trust Company, NA (formerly
                                        The First National Bank of Chicago), as
                                        Trustee and not in its individual
                                        capacity.