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) August 19, 2002

                               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.

TruServ Corporation issued the attached press release in connection with its
July, 2002 financial results.

Matters discussed in the attached press release may contain 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 August 19, 2002


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: August 20, 2002                       By /s/ David A. Shadduck
                                            ------------------------------------
                                            Name: David A. Shadduck
                                            Title: Senior Vice President and
                                                   Chief Financial Officer



                                      -2-

EX-99.1

                                                                    Exhibit 99.1



                                 [TRU-SERV LOGO]
                                EARNINGS RELEASE


                                                   For more information contact:
                                                   Shelley Hughes
                                                   TruServ Corporation
                                                   (773) 695-5258


                          TRUSERV REPORTS JULY EARNINGS
                 CO-OP REPORTS PROFIT FOR SEVENTH MONTH IN A ROW


         CHICAGO, AUG. 19, 2002 - TruServ Corporation reported today
year-to-date net margin of $18.6 million versus a net loss of $13.7 million for
the same period a year ago--a profit improvement of $32.3 million on
year-to-date revenue of $1.3 billion versus $1.6 billion for the same period a
year ago. Approximately $79.6 million of the year-to-date sales decline reflects
the effect of the prior divestitures of the lumber business and the Canadian
business.

         TruServ also reported net margin of $3.5 million for the month ended
July 27, 2002 compared to a net loss of $2.3 million for the same period a year
ago. The co-op reported revenue of $164.7 million for the month compared to
$199.5 million for the same period a year ago.

         President and Chief Executive Officer Pamela Forbes Lieberman said,
"Our streamlining and restructuring efforts are definitely making an impact. We
have reduced our year-to-date labor and facility costs by approximately $20.5
million compared to the same time period last year."

         The co-op reported senior debt of $327.8 million at the end of July,
down $89.0 million from the same period a year ago.

          "We are continuing to pay down debt at a rapid rate," said Forbes
Lieberman. "In addition to our earnings, we are vigorously managing our working
capital with very favorable results."

         TruServ, headquartered in Chicago, is one of the world's largest
member-owned wholesale hardware cooperatives with sales of $2.6 billion in 2001.
The TruServ cooperative includes approximately 6,800 independent retailer
locations worldwide operating under the store identities of 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.

This earnings release may contain forward-looking statements that involve risks
and uncertainties. The following factors could cause results to differ
materially from management expectations as projected in such forward-looking
statements: seasonal variations, competition, risks of new business areas, the
availability and cost of real estate and construction, and changes in federal or
state legislation or regulations. Members are referred to the "Cautionary Note
Regarding Forward-Looking Statements" in the company's most recent Form 10-K,
which Note is incorporated into this news release by reference.


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