EXHIBIT 99.8

                              AMENDED AND RESTATED
                      MONTHLY CERTIFICATEHOLDERS' STATEMENT
                         FOR THE MONTH ENDED APRIL 2001
                      GENERAL ELECTRIC CAPITAL CORPORATION

                          ----------------------------
                          JCP MASTER CREDIT CARD TRUST
                          ----------------------------


                         5.50% ASSET BACKED CERTIFICATES
                               SERIES E (Class A)
                               CUSIP NO. 466115AE2


           Under Section 5.2 of the Master Pooling and Servicing Agreement dated
as of September 5, 1988, as amended by Amendment No. 1 dated as of October 15,
1997, Amendment No. 2 dated as of October 15, 1999, Amendment No. 3 dated as of
June 28, 2002, and Amendment No. 4 dated as of March 3, 2003 and as supplemented
by the Series A, Series B, Series C, Series D and Series E Supplements thereto
(as so amended and supplemented, the "Pooling and Servicing Agreement"), by and
among JCP Receivables Inc., JCPenney Company, Inc. ("JCPenney"), as Servicer,
and JPMorgan Chase Bank, f/k/a The Chase Manhattan Bank, as successor in
interest to The Fuji Bank and Trust Company (the "Trustee"), General Electric
Capital Corporation (as the successor and assign of JCPenney pursuant to the
Assignment and Assumption Agreement dated as of December 6, 1999) is required to
prepare certain Information for each Series each month regarding current
distributions to Certificateholders of such Series and the performance of the
JCP Master Credit Card Trust (the "Trust") during the previous month. The
Information which is required to be prepared with respect to the Distribution
Date of May 15, 2001 and with respect to the performance of the Trust during the
month of April 2001 is set forth below. Certain of the information is presented
on the basis of an original principal amount of $1,000 per Investor Certificate
of Class A of this Series (a "Certificate"). Certain other information is
presented based on the aggregate amounts for the Trust as a whole. As discussed
in Exhibit A of Exhibit 99.3 to the Star Receivables Funding, Inc. Form 10-K/A,
the Monthly Certificateholders' Statement for each of the months in the twelve
month period ended December 31, 2001 have been amended and restated. Capitalized
terms used in this certificate have their respective meanings set forth in the
Pooling and Servicing Agreement.

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A.   INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION (STATED ON THE BASIS
     OF $1,000 ORIGINAL CERTIFICATE PRINCIPAL AMOUNT) FOR CLASS A OF THIS
     SERIES.

     1.   The total amount of the distribution to Certificateholders per $1,000
          original Certificate principal amount.......................................  $ 5

     2.   The amount of the distribution set forth in paragraph 1 above
          allocable to Certificate Principal, per $1,000 original Certificate
          principal amount............................................................  $ 0

     3.   The amount of the distribution set forth in paragraph 1 above
          allocable to Certificate Interest, per $1,000 original Certificate
          principal amount............................................................  $ 5

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B.   INFORMATION REGARDING THE PERFORMANCE OF THE TRUST.

     1.   Collection of Principal Receivables
          -----------------------------------

          (a)  The aggregate amount of Collections of Principal Receivables
               processed which were allocated in respect of the Certificates of
               Class A of this Series.................................................  $ 85,602,326

          (b)  The Discounted Percentage in Respect of the Collections of
               Principal Receivables set forth in paragraph 1(a)
               above..................................................................    0.00%

          (c)  The net amount of Collections of Principal Receivables processed
               which were allocated in respect of the Certificates of Class A of
               this Series............................................................  $ 85,602,326

     2.   Collection of Finance Charge Receivables
          ----------------------------------------

          (a)  The aggregate amount of Collections of Finance Charge Receivables
               processed which were allocated in respect of the Certificates of
               Class A of this Series.................................................  $ 14,308,711

          (b)  The aggregate amount of Discount Option Receivable Collections
               which were allocated in respect of the Certificates of Class A of
               this Series............................................................  $ 0

          (c)  The portion of Collections of Finance Charge Receivables set
               forth in paragraph 2(a) above which were allocated in respect of
               the Certificates of other Series.......................................  $ 0

          (d)  The net amount of Collections of Finance Charge Receivables which
               were allocated in respect of the Certificates of Class A of this
               Series.................................................................  $ 14,308,711

     3.   Net Recoveries
          --------------

          The aggregate amount of Net Recoveries which were allocated in respect
          of the Certificates of Class A of this Series............................... $ 0


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     4.   Principal Receivables in the Trust
          ----------------------------------

          (a)  The aggregate amount of Principal Receivables in the Trust as of
               the end of the day on the last day of such month (which reflects
               the Principal Receivables represented by the JCPR Amount and by
               the Aggregate Investor Amount)......................................... $ 1,961,549,940

          (b)  The amount of Principal Receivables in the Trust represented by
               the Aggregate Investor Amount as of the end of the day on the
               last day of such month ................................................ $ 792,682,926

          (c)  The Aggregate Investor Amount set forth in paragraph 4(b) above
               as a percentage of the aggregate amount of Principal Receivables
               set forth in paragraph 4(a) above......................................    40.41%

          (d)  The Aggregate Investor Amount for Class A of this Series as a
               percentage of the aggregate amount of Principal Receivables in
               the Trust as set forth in paragraph 4(a) above.........................    33.14%


     5.   Delinquent Balances
          -------------------

          The aggregate amount of outstanding balances in the Accounts in the
          Trust which were delinquent as of the end of the day on the last day
          of such month:
                                                                                             Aggregate
                                                                                          Account Balance
                                                                                          ---------------

          (a)        1 month..........................................................   $   91,399,167
          (b)        2 months.........................................................       30,838,105
          (c)        3 months.........................................................       23,047,304
          (d)        4 months.........................................................       17,601,770
          (e)        5 months.........................................................       11,295,898
          (f)        6 months.........................................................        6,981,682
                                                                                          ---------------
                     Total............................................................   $  181,163,926

     6.   Investor Default Amount
          -----------------------

          The aggregate amount of the Investor Default Amount which was
          allocated in respect of the Certificates of Class A of
          this Series.................................................................   $    4,471,180



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     7.   Investor Charge Offs; Reimbursement of Charge Offs
          --------------------------------------------------

          (a)  The aggregate amount of Investor Charge Offs which was allocated
               in respect of the Certificates of Class A of this Series...............   $ 0

          (b)  The amount of the Investor Charge Offs set forth in paragraph
               7(a) above, per $1,000 original Certificate principal amount
               (which will have the effect of reducing, pro rata, the amount of
               each Certificateholder's investment) allocated to Class A of this
               Series.................................................................  $ 0

          (c)  The aggregate amount reimbursed to the Trust in the current month
               from drawings under the Letter of Credit in respect of Investor
               Charge Offs in prior months............................................  $ 0

          (d)  The amount set forth in paragraph 7(c) above, per $1,000 original
               Certificate principal amount (which will have the effect of
               increasing, pro rata, the amount of each Certificateholder's
               investment) allocated to Class A of this Series........................  $ 0

     8.   Investor Monthly Servicing Fee
          ------------------------------

          The amount of the Investor Monthly Servicing Fee for Class A of this
          Series for the preceding Monthly Period payable by the Trust to the
          Servicer....................................................................  $ 1,083,333

     9.   Investor Monthly Facility Fee
          -----------------------------

          The amount of the Investor Monthly Facility Fee for Class A of this
          Series for the preceding Monthly Period payable by the Trust to JCPR........  $ 0

     10.  Available L/C Amount
          --------------------

          The Available L/C Amount as of the close of business on the
          Distribution Date specified above for Class A of this Series................  $ 0


C.   THE POOL FACTOR.

     The Pool Factor (which represents the ratio of the Adjusted Investor Amount
     for Class A of this Series as of the end of the last day of such month to
     the applicable Initial Investor Amount). (The amount of a
     Certificateholder's pro rata share of the Investor Amount can be determined
     by multiplying th original denomination of the Holder's Certificate by the
     Pool Factor.) ...................................................................  1.000

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           IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Monthly Certificateholders' Statement this 25th day of October, 2004.


                                         GENERAL ELECTRIC CAPITAL CORPORATION,
                                         as Servicer



                                         By:  /s/ Iain J. Mackay
                                            ------------------------------------
                                              Name:  Iain J. Mackay
                                              Title: Authorized Signatory