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 8, 2001



                           Consumers Funding LLC
           (Exact name of registrant as specified in its charter)


          Delaware                   333-47938              38-3575109
          --------                   ---------              ----------
(State or Other Jurisdiction        (Commission          (I.R.S. Employer
      of Incorporation)              File No.)          Identification No.)



                                Suite M-1029
                           212 W. Michigan Avenue
                             Jackson, MI 49201
            (Address of Principal Executive Offices) (Zip Code)



                               (517) 788-0179
             Registrant's telephone number, including area code



                               Not Applicable
       (Former name or former address, if changed since last report)



---------------------------------------------------------------------------




Item 5. Other Events

         The Registrant registered issuances of Securitization Bonds on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act
of 1933 by a Registration Statement on Form S-3 (Registration File No.
333-47938). Pursuant to this Registration Statement, the Registrant issued
and sold $468,592,000 in aggregate principal amount of Securitization
Bonds, Series 2001-1. The transaction was closed on November 8, 2001. In
connection with this transaction, the Registrant entered into the material
agreements, executed and filed the certificate and received the opinions
attached hereto as exhibits.

Item 7. Financial Statements and Exhibits

         A list of the Exhibits filed herewith is attached hereto.


                                 SIGNATURE


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

                                     Consumers Funding LLC


                                By:  /s/ Michael D. VanHemert
                                     ------------------------
                                     Name:   Michael D. VanHemert
                                     Title:  Vice President and General Counsel

Dated: November 15, 2001



                               EXHIBIT INDEX

Exhibit No.     Description
-----------     -----------

1.1             Underwriting Agreement dated as of October 31, 2001 among
                Consumers Energy Company, Consumers Funding LLC and Morgan
                Stanley & Co. Incorporated, on behalf of itself and as the
                representative of the several underwriters named therein

4.1.1           Amended and Restated Limited Liability Company Agreement of
                Consumers Funding LLC dated as of November 8, 2001

4.2.1           Amended and Restated Certificate of Formation of Consumers
                Funding LLC dated as of November 6, 2001, which was filed
                with the Delaware Secretary of State's Office on November
                6, 2001

4.3.1           Indenture dated as of November 8, 2001 between Consumers
                Funding LLC and The Bank of New York

4.3.2           Series Supplement dated as of November 8, 2001 between
                Consumers Funding LLC and The Bank of New York

4.4             Form of Securitization Bonds (included as part of Exhibit
                4.3.2)

5.1             Opinion of Miller, Canfield, Paddock and Stone, P.L.C.
                relating to the legality of the Securitization Bonds

8.1             Opinion of Skadden, Arps, Slate, Meagher & Flom LLP with
                respect to material federal income tax matters

8.2             Opinion of Miller, Canfield, Paddock and Stone, P.L.C. with
                respect to material State of Michigan tax matters

10.1            Sale Agreement dated as of November 8, 2001 between
                Consumers Energy Company and Consumers Funding LLC

10.2            Servicing Agreement dated as of November 8, 2001 between
                Consumers Funding LLC and Consumers Energy Company

10.3            Intercreditor Agreement dated as of November 8, 2001 among
                Canadian Imperial Bank of Commerce, Asset Securitization
                Cooperative Corporation, The Bank of New York, Consumers
                Funding LLC and Consumers Energy Company
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{"company-data": {"conformed-name": "CONSUMERS FUNDING LLC", "cik": "0001126128", "assigned-sic": "6189"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-47938", "film-number": "1793294"}, "business-address": {"street1": "212 W. MICHIGAN AVE", "city": "JACKSON", "state": "MI", "zip": "49201"}, "mail-address": {"street1": "212 W. MICHIGAN AVE", "city": "JACKSON", "state": "MI", "zip": "49201"}}
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 8, 2001

                           Consumers Funding LLC
           (Exact name of registrant as specified in its charter)

          Delaware                   333-47938              38-3575109
          --------                   ---------              ----------
(State or Other Jurisdiction        (Commission          (I.R.S. Employer
      of Incorporation)              File No.)          Identification No.)

                                Suite M-1029
                           212 W. Michigan Avenue
                             Jackson, MI 49201
            (Address of Principal Executive Offices) (Zip Code)

                               (517) 788-0179
             Registrant's telephone number, including area code

                               Not Applicable
       (Former name or former address, if changed since last report)

---------------------------------------------------------------------------

Item 5. Other Events

         The Registrant registered issuances of Securitization Bonds on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act
of 1933 by a Registration Statement on Form S-3 (Registration File No.
333-47938). Pursuant to this Registration Statement, the Registrant issued
and sold $468,592,000 in aggregate principal amount of Securitization
Bonds, Series 2001-1. The transaction was closed on November 8, 2001. In
connection with this transaction, the Registrant entered into the material
agreements, executed and filed the certificate and received the opinions
attached hereto as exhibits.

Item 7. Financial Statements and Exhibits

         A list of the Exhibits filed herewith is attached hereto.

                                 SIGNATURE

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

                                     Consumers Funding LLC

                                By:  /s/ Michael D. VanHemert
                                     ------------------------
                                     Name:   Michael D. VanHemert
                                     Title:  Vice President and General Counsel

Dated: November 15, 2001

                               EXHIBIT INDEX

Exhibit No.     Description
-----------     -----------

1.1             Underwriting Agreement dated as of October 31, 2001 among
                Consumers Energy Company, Consumers Funding LLC and Morgan
                Stanley & Co. Incorporated, on behalf of itself and as the
                representative of the several underwriters named therein

4.1.1           Amended and Restated Limited Liability Company Agreement of
                Consumers Funding LLC dated as of November 8, 2001

4.2.1           Amended and Restated Certificate of Formation of Consumers
                Funding LLC dated as of November 6, 2001, which was filed
                with the Delaware Secretary of State's Office on November
                6, 2001

4.3.1           Indenture dated as of November 8, 2001 between Consumers
                Funding LLC and The Bank of New York

4.3.2           Series Supplement dated as of November 8, 2001 between
                Consumers Funding LLC and The Bank of New York

4.4             Form of Securitization Bonds (included as part of Exhibit
                4.3.2)

5.1             Opinion of Miller, Canfield, Paddock and Stone, P.L.C.
                relating to the legality of the Securitization Bonds

8.1             Opinion of Skadden, Arps, Slate, Meagher & Flom LLP with
                respect to material federal income tax matters

8.2             Opinion of Miller, Canfield, Paddock and Stone, P.L.C. with
                respect to material State of Michigan tax matters

10.1            Sale Agreement dated as of November 8, 2001 between
                Consumers Energy Company and Consumers Funding LLC

10.2            Servicing Agreement dated as of November 8, 2001 between
                Consumers Funding LLC and Consumers Energy Company

10.3            Intercreditor Agreement dated as of November 8, 2001 among
                Canadian Imperial Bank of Commerce, Asset Securitization
                Cooperative Corporation, The Bank of New York, Consumers
                Funding LLC and Consumers Energy Company