<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 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)              June 17, 1996

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

                         JCP MASTER CREDIT CARD TRUST
                         (Issuer of the Certificates)
                              
                             JCP RECEIVABLES, INC.
            (Exact name of registrant as specified in its charter)
                              

        Delaware                    0-17270                   75-2231415
(State or other jurisdiction      (Commission               (IRS Employer
     of incorporation)            File Number)            Identification No.)

     5001 Spring Valley Road
     Dallas, Texas                                      75244
(Address of principal executive offices)              (Zip Code)

(Registrant's telephone number, including area code):  (214)960-4611

</PAGE>
<PAGE>

Item 7. Financial Statements and Exhibits.
        ---------------------------------
The following are filed as Exhibits to this Report:

     99.1    Monthly Certificateholders' Statement - Series B
             for the month ended May 31, 1996.

     99.2    Monthly Certificateholders' Statement - Series C
             for the month ended May 31, 1996.

</PAGE>
<PAGE>

     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.

                                     JCP RECEIVABLES, INC.

Date:  June 17, 1996                 By:  /s/ Catherine A. Walther
                                          ------------------------
                                              Catherine A. Walther
                                              President

</PAGE>
<PAGE>

                             INDEX TO EXHIBITS
Exhibit
Number              Exhibit
- -------             -------

99.1        Monthly Certificateholders' Statement - Series B for
            the month ended May 31, 1996.

99.2        Monthly Certificateholders' Statement - Series C for
            the month ended May 31, 1996.


</PAGE>
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{"company-data": {"conformed-name": "JCP RECEIVABLES INC", "cik": "0000833210", "assigned-sic": "6141", "irs-number": "752231415", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17270", "film-number": "96581802"}, "business-address": {"street1": "5001 SPRING VALLEY RD", "city": "DALLAS", "state": "TX", "zip": "75244", "phone": "2149604611"}, "mail-address": {"street1": "5001 SPRING VALLEY ROAD", "city": "DALLAS", "state": "TX", "zip": "75244"}}
SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 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)              June 17, 1996

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

                         JCP MASTER CREDIT CARD TRUST
                         (Issuer of the Certificates)
                              
                             JCP RECEIVABLES, INC.
            (Exact name of registrant as specified in its charter)
                              

        Delaware                    0-17270                   75-2231415
(State or other jurisdiction      (Commission               (IRS Employer
     of incorporation)            File Number)            Identification No.)

     5001 Spring Valley Road
     Dallas, Texas                                      75244
(Address of principal executive offices)              (Zip Code)

(Registrant's telephone number, including area code):  (214)960-4611
Item 7. Financial Statements and Exhibits.
        ---------------------------------
The following are filed as Exhibits to this Report:

     99.1    Monthly Certificateholders' Statement - Series B
             for the month ended May 31, 1996.

     99.2    Monthly Certificateholders' Statement - Series C
             for the month ended May 31, 1996.
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.

                                     JCP RECEIVABLES, INC.

Date:  June 17, 1996                 By:  /s/ Catherine A. Walther
                                          ------------------------
                                              Catherine A. Walther
                                              President
INDEX TO EXHIBITS
Exhibit
Number              Exhibit
- -------             -------

99.1        Monthly Certificateholders' Statement - Series B for
            the month ended May 31, 1996.

99.2        Monthly Certificateholders' Statement - Series C for
            the month ended May 31, 1996.