8-K

                       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) November 16, 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)



Item 5. Other Events.

On November 16, 2001 TruServ Corporation announced that Pamela Forbes Lieberman,
the co-ops Chief Operating Officer and Chief Financial Officer, has been elected
TruServ's Chief Executive Officer.

Matters discussed in the attached press release are forward-looking statements
within the meaning of the safe-harbor provisions of the Securities Exchange Act
of 1934. These forward-looking statements are subject to various risks and
uncertainties. Actual results may vary materially from the expectations
contained therein. The factors that could cause actual results to differ
materially from the projections, forecasts, estimates and expectations discussed
therein may include factors that are beyond the company's ability to control or
estimate precisely, such as the ultimate requirements of the company's lenders,
projections about the efficiencies that may be achieved by the company's
initiatives, expectations about member response to the company initiatives,
estimates of future market conditions in the hardware industry, the behavior of
other market participants in the industry and the actions and economic
conditions in the service territories of the company's members. Other risk
factors are detailed from time to time in the company's SEC reports. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as to the date of this document. The company does not undertake any
obligation to publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date of this letter.

Item 7. Exhibit

99.1  Press release, dated November 16, 2001


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: November 20, 2001                     By /s/ Pamela Forbes Lieberman
                                            ----------------------------------
                                            Name:  Pamela Forbes Lieberman
                                            Title: President and
                                            Chief Executive Officer


                                      -2-

EX-99.1

                                                                    Exhibit 99.1

                                [TRUSERVE LOGO]
                                 PRESS RELEASE


                                                 For more information contact:
                                                 Mary Viola, TruServ Corporation
                                                 773-695-5280
                                                 mviola@truserv.com


           PAMELA FORBES LIEBERMAN ELECTED CEO OF TRUSERV CORPORATION
   SUCCESSFUL TRACK RECORD IN TURNING AROUND CO-OP CITED IN BOARD'S DECISION

CHICAGO, NOVEMBER 16, 2001 - TruServ Corporation, the world's largest hardware
and home improvement cooperative, announced today that Pamela Forbes Lieberman,
the co-op's Chief Operating Officer and Chief Financial Officer, has been
elected Chief Executive Officer. Forbes Lieberman joined TruServ in March as CFO
and assumed the additional position of COO following the July resignation of
former CEO Donald Hoye. She assumes her new responsibilities today.

         "The Board of Directors concluded after conducting an extensive search
that the ideal candidate to lead this company forward as CEO is Pamela Forbes
Lieberman," said Bill Blagg, TruServ's chairman. "Since assuming her new
responsibilities in July, Pamela has consistently demonstrated a drive,
determination and discipline that has resulted in the successful execution of
TruServ's restructuring plan," said Blagg.

         After factoring out one-time restructuring and refinancing charges,
TruServ has returned to operating profitability, despite lower revenues.

         Blagg said Forbes Lieberman has been the key architect of TruServ's
successful turnaround plan and its execution. "Under her leadership in recent
months, TruServ has consistently exceeded its business plan in terms of
strengthening the balance sheet, reducing operating costs and improving
margins," said Blagg. "She has the enthusiastic support of our board of
directors, employees, retail members, vendor community and our lenders."

         TruServ will operate without a chief operating officer and will
announce a new chief financial officer as soon as possible.

         Prior to joining TruServ, Forbes Lieberman was senior vice president
and CFO of Shoptalk, Inc., a voice application software company. Prior to
Shoptalk, she was senior vice president and CFO for the Martin-Brower Company, a
distributor in the McDonald's system.

From 1993 to 1998, Forbes Lieberman was vice president and CFO for Fel-Pro
Incorporated, where she led the sale of the business to Federal Mogul. She also
spent four years as vice president of finance acquiring and integrating
individual companies of Bunzl Building Supply, a distributor of commodity and
branded building products. From 1975 to 1988, she held a variety of positions at
Price Waterhouse.

         TruServ, headquartered in Chicago, is the world's largest member-owned
hardware cooperative with 2000 sales of $4 billion, supporting annual retail
sales of nearly $12 billion. The TruServ cooperative includes more than 7,300
independent retailers worldwide operating under the store identities of True
Value Hardware, 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.

                                       ###