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SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K
 Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the fiscal year ended December 31, 2006
 MELLON BANK, N.A.
 
 United States
    
    333-01478
    
    25-0659306(State or other jurisdiction of
    
    (Commission File Number)
    
    (IRS Employer ID Number)incorporation)
 
 
 MELLON PREMIUM FINANCE LOAN OWNER TRUST
  Delaware
    
    333-61760-02
    
    51-6522553(State or other jurisdiction of
    
    (Commission File Number)
    
    (IRS Employer ID Number)incorporation)
 
 
 MELLON BANK PREMIUM FINANCE LOAN MASTER TRUST
  Delaware
    
    333-11961
    
    51-0015912(State or other jurisdiction of
    
    (Commission File Number)
    
    (IRS Employer ID Number)incorporation)
 
 MELLON BANK PFL MASTER NOTE TRUST
  Delaware
    
    333-113957
    
    51-6522553(State or other jurisdiction of
    
    (Commission File Number)
    
    (IRS Employer ID Number)incorporation)
 
 
 
 
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PagePart IItem 1
    
    Business
    
    
    6Item 1A
    
    Risk Factors
    
    
    6Item 1B
    
    Unresolved Staff Comments
    
    
    6Item 2
    
    Properties
    
    
    6Item 3
    
    Legal Proceedings
    
    
    6Item 4
    
    Submission of Matters to a Vote of Security Holders
    
    
    6Part IIItem 5
    
    Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
    
    
    6Item 6
    
    Selected Financial Data
    
    
    6Item 7
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    6Item 7A
    
    Quantitative and Qualitative Disclosures About Market Risk
    
    
    6Item 8
    
    Financial Statements and Supplementary Data
    
    
    6Item 9
    
    Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
    
    
    7Item 9A
    
    Controls and Procedures
    
    
    7Item 9B
    
    Other Information
    
    
    7Part IIIItem 10
    
    Directors and Executive Officers of the Registrant
    
    
    7Item 11
    
    Executive Compensation
    
    
    7Item 12
    
    Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
    
    
    7Item 13
    
    Certain Relationships and Related Transactions
    
    
    7Item 14
    
    Principal Accountant Fees and Services
    
    
    7Part IVItem 15
    
    Exhibits and Financial Statement Schedules
    
    
    7Exhibit 20.1Exhibit 20.2Exhibit 20.3Exhibit 20.4Exhibit 31.1
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TABLE OF CONTENTS  PART IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Submission Of Matters To A Vote Of Security HoldersPART IIItem 5. Market For Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem 6. Selected Financial DataItem 7. Managements Discussion And Analysis Of Financial Condition And Results Of OperationsItem 7A. Quantitative And Qualitative Disclosures About Market RiskItem 8. Financial Statements And Supplementary DataItem 9. Changes In And Disagreements With Accountants On Accounting And Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationPART IIIItem 10. Directors And Executive Officers Of The RegistrantItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners And Management and Related Stockholder MattersItem 13. Certain Relationships And Related TransactionsItem 14. Principal Accountant Fees and ServicesPART IVItem 15. Exhibits and Financial Statement SchedulesSIGNATURESEXHIBIT INDEXEX-20.1EX-20.2EX-20.3EX-20.4EX-31.1    Table of Contents  
 PART I
 
 Item 1. Business
  
 Item 1A. Risk Factors
  
 Item 1B. Unresolved Staff Comments
  
 Item 2. Properties
  
 Item 3. Legal Proceedings
  
 Item 4. Submission Of Matters To A Vote Of Security Holders
  
 PART II
 
 Item 5. Market For Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
   
 Item 6. Selected Financial Data
  
 Item 7. Managements Discussion And Analysis Of Financial Condition And
Results Of Operations
  
 Item 7A. Quantitative And Qualitative Disclosures About Market Risk
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Item 8. Financial Statements And Supplementary Data
  
 Item 9. Changes In And Disagreements With Accountants On Accounting And
Financial Disclosure
  
 Item 9A. Controls and Procedures
  
 Item 9B. Other Information
  
 PART III
 
 Item 10. Directors And Executive Officers Of The Registrant
  
 Item 11. Executive Compensation
  
 Item 12. Security Ownership Of Certain Beneficial Owners And Management
and Related Stockholder Matters
  
 Item 13. Certain Relationships And Related Transactions
  
 Item 14. Principal Accountant Fees and Services
  
 PART IV
 
 Item 15. Exhibits and Financial Statement Schedules
  Exhibit Number20.1
    
    Annual Noteholders Report20.2
    
    Annual Servicers Certificate20.3
    
    Report of Independent Certified Public Accountants20.4
    
    Annual Aggregate Certificateholders Statement31.1
    
    Certification of Michael A. Bryson
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Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d)
of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act
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SIGNATURES
  MELLON BANK, N.A., as registrantBy:
    /s/ Michael A. BrysonName:
    Michael A. BrysonTitle:
    Executive Vice President &
Chief Financial Officer MELLON PREMIUM FINANCE LOAN OWNER
TRUST, as registrant
By:  Mellon Bank, N.A., as administratorBy:
    /s/ Michael A. BrysonName:
    Michael A. BrysonTitle:
    Executive Vice President &
Chief Financial Officer MELLON PREMIUM FINANCE LOAN
MASTER TRUST, as registrant
By:  Mellon Bank, N.A., as administratorBy:
    /s/ Michael A. BrysonName:
    Michael A. BrysonTitle:
    Executive Vice President &
Chief Financial Officer MELLON BANK PFL MASTER NOTE TRUST
By:  Mellon Bank, N.A., as administratorBy:
    /s/ Michael A. BrysonName:
    Michael A. BrysonTitle:
    Executive Vice President &

Chief Financial Officer  - 7 -




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##### Table of Contents



EXHIBIT INDEX
 Exhibit20.1
    
    Annual Noteholders Report20.2
    
    Annual Servicers Certificate20.3
    
    Report of Independent Certified Public Accountants20.4
    
    Annual Aggregate Noteholders Statement31.1
    
    Certification of Michael A. Bryson
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