8-K

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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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) August 31, 2001

                               TRUSERV CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)

                                    DELAWARE
                 (State or Other Jurisdiction of Incorporation)

               2-20910                                36-2099896
      (Commission File Number)            (I.R.S. Employer Identification No.)

    8600 WEST BRYN MAWR AVENUE, CHICAGO, ILLINOIS         60631-3505
      (Address of Principal Executive Offices)            (Zip Code)

                                  773-695-5000
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)


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Item 5. Other Events.

TruServ Corporation issued the attached press release in connection with
receiving the extension of reservation of rights letter from its current
lenders.


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.


                                            TRUSERV CORPORATION
                                            (Registrant)




Date: September 5, 2001                     By /s/ Pamela Forbes Lieberman
                                            ----------------------------------
                                            Name:  Pamela Forbes Lieberman
                                            Title: Chief Operating Officer,
                                            Chief Financial Officer and
                                            Senior Vice President

EX-99

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                                                                      EXHIBIT 99

                                 [TRUSERV LOGO]

                                  PRESS RELEASE

                                               For more information contact:
                                               Mary Viola
                                               TruServ Corporation
                                               773-695-5280


           TRUSERV RECEIVES EXTENSION OF RESERVATION OF RIGHTS LETTER


         CHICAGO, AUGUST 31, 2001 - TruServ announced today it has received from
its current lenders an extension of the reservation of rights letter through
February 28, 2002. The prior extension was scheduled to expire on September 30,
2001.

         "This is an important step in our refinancing initiative," said Pamela
Forbes Lieberman, TruServ's chief operating officer and chief financial officer.
"The extension demonstrates our current lenders' continuing support of the
co-op."

         In addition to receiving the extension of the reservation of rights
letter, TruServ is continuing to move ahead in obtaining new financing.

         "This process is on track and the co-op expects to receive commitments
from prospective lenders in September," said Forbes Lieberman. "We expect to
obtain permanent financing in the fourth quarter of 2001."

         TruServ is the world's largest member-owned wholesale hardware
cooperative with sales in 2000 of $4 billion, which support annual retail sales
of more than $12 billion. The TruServ cooperative includes more than 7,500
independent retailers worldwide operating under store identities which include
True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden
Showplace and Induserve Supply. Additional information on TruServ and its retail
identities is available at www.truserv.com.


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