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) September 3, 2003

                               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
completed refinancing agreement.

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 September 3, 2003


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 4, 2003                     By /s/ David A. Shadduck
                                            ----------------------------------
                                            Name:  David A. Shadduck
                                            Title: Senior Vice President and
                                                       Chief Financial Officer

EX-99.1

                                                                    EXHIBIT 99.1

                              [TRU*SERV(TM) LOGO]
                                  PRESS RELEASE

                                             For more information, contact:
                                             Shelley Hughes
                                             TruServ Corporation
                                             (773) 695-5258/shughes@truserv.com

                    TRUSERV COMPLETES REFINANCING AGREEMENT

         CHICAGO, SEPT. 3, 2003 -- TruServ Corporation closed on a new
four-year, $275 million revolving-credit facility agreement on Aug. 29, 2003.
This asset-based facility, led by Fleet Capital Corporation, consists of seven
lending institutions. Upon closing, the facility was used to refinance existing
senior notes and to replace the existing senior-revolving credit facility. The
initial borrowing on the facility was approximately $158 million.
         "Our recent significant debt reduction along with improved operating
performance were the catalyst to this refinancing," said President and CEO
Pamela Forbes Lieberman. "The new financing provides the company adequate
liquidity and significantly greater operational flexibility. Under the terms of
the new facility, our senior debt interest rate is cut by more than 50 percent,
which will help fuel further profit improvement."
         TruServ, headquartered in Chicago, is one of the world's largest
member-owned wholesale hardware cooperatives with sales of $2.2 billion in 2002.
The TruServ cooperative includes approximately 6,300 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.

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