UNITED STATES
                       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)     January 16, 2002
                                                     -----------------

                            TYCO CAPITAL CORPORATION
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             (Exact name of registrant as specified in its charter)


         Nevada                    1-1861                      65-1051227
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    (State or other             (Commission                  (IRS Employer
    jurisdiction of             File Number)               Identification No.)
    incorporation)


                           1211 Avenue of the Americas
                            New York, New York 10036
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              (Address of registrant's principal executive office)


Registrant's telephone number, including area code    (212) 536-1390
                                                      --------------------







Item 5.      Other Events.

         This Current Report on Form 8-K includes as an exhibit unaudited
financial results of Tyco Capital Corporation as of and for the period ending
December 31, 2001. The attached financial results reflect the sale on
September 30, 2001 of certain international subsidiaries of Tyco Capital
Corporation to a subsidiary of Tyco International Ltd., Tyco Capital
Corporation's parent company. The financial results of Tyco Capital, a
segment of Tyco International Ltd., were released by Tyco International Ltd.
on January 15, 2002, including these international subsidiaries.

Item 7.      Financial Statements and Exhibits.

      (c)  Exhibits.

      99.1     Unaudited financial statements and selected financial data at and
               for the quarter ending December 31, 2001.










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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          TYCO CAPITAL CORPORATION
                                          ----------------------------------
                                          (Registrant)


                                          By: /s/ Mark H. Swartz
                                              ------------------------------
                                              Mark H. Swartz
                                              Vice President
                                              (Duly Authorized Officer)



                                          By: /s/ Joseph M. Leone
                                              ------------------------------
                                              Joseph M. Leone
                                              Executive Vice President and
                                              Chief Financial Officer
                                              (Principal Accounting and
                                              Financial Officer)

Dated:  January 16, 2002












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