EXHIBIT 99.8

                              AMENDED AND RESTATED
                      MONTHLY CERTIFICATEHOLDERS' STATEMENT
                         FOR THE MONTH ENDED APRIL 2002
                      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, 2002 and with respect to the performance of the Trust during the
month of April 2002 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. Capitalized
terms used in this certificate have their respective meanings set forth in the
Pooling and Servicing Agreement.

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

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           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.............................$      87,300,898

                      (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.............................................$      87,300,898

           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.............................$      13,796,019

                      (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..........$     13,796,019

           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).......$   1,303,713,510

                      (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......................           60.80%

                      (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..................           49.86%

           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...............................................$      56,233,727
                     (b)      2 months..............................................       18,744,969
                     (c)      3 months..............................................       13,214,581
                     (d)      4 months..............................................       11,119,778
                     (e)      5 months..............................................        8,917,348
                     (f)      6 months..............................................        5,539,571
                                                                                       --------------
                              Total.................................................$     113,769,974

           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...................................................$       4,820,928

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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 the 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