SAKS CREDIT CARD MASTER TRUST
Not Applicable.
Not Applicable.
None.
Not Applicable.
The Servicer is not aware of any material pending legal proceedings involving either the Registrant, the Trustee, the Transferor, the Transferor or the Servicer with respect to the Certificates or the Registrant's property.
No vote or consent of the holders of the Certificates (the "Certificateholders") was solicited for any purpose during the year ended December 31, 2005.        PART II
To the best knowledge of the Servicer, there is no established public trading market for the Certificates.  Each class of the Issuer's Certificates that is publicly offered in the United States is represented by one or more certificates registered in the name of Cede & Co. ("Cede"), the nominee of The Depository Trust Company ("DTC").
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
None.
Not Applicable.
Not Applicable.    PART III
Not Applicable.
Not Applicable.
Each class of the Issuer's Certificates that is publicly offered in the United States is represented by one or more certificates registered in the name of Cede, the nominee of DTC, and an investor holding an interest in such classes of certificates is not entitled to receive a certificate representing such interest except in limited circumstances set forth in the indenture.  Accordingly, Cede is the sole holder of record of such notes, which it holds on behalf of brokers, dealers, banks and other direct participants in the DTC system.  Such direct participants may hold certificates for their own accounts or for the accounts of their customers.  The name and address of Cede is Cede & Co., c/o The Depository Trust Company, 55 Water Street, New York, New York  10041.  The Servicer is not aware of any Schedules 13D or 13G filed with the Securities and Exchange Commission in respect of the Certificates.
Not Applicable.
Not Applicable.      PART IV
(a) (1)  Financial Statements  Not Applicable.  (a) (2) Financial Statement Schedules  Not Applicable.  (a) (3)  The Servicer is obligated to prepare an Annual Statement to Certificateholders for the year ended December 31, 2005.  A copy of said document is filed as an exhibit to this Form 10-K.   (b)  The exhibits required by Item 601 of Regulation S-K (Section 229.601):      Exhibit 99(a)   Annual Statement to Certificateholders for the year ended December 31, 2005.   Exhibit 99(b)  Annual Servicer's Certificate dated March 1, 2006.        (c)  The financial statement schedules required by Regulation S-X (17 CFR 210) which are excluded from the annual report to the shareholders by Rule 14a-3(b).  Not Applicable.             SIGNATURES      Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Servicer has duly caused this report to be signed on behalf of the Saks Credit Card Master Trust by the undersigned, thereunto duly authorized.       HSBC FINANCE CORPORATION,  as Servicer of and on behalf of the SAKS CREDIT CARD MASTER TRUST  (Registrant)       By: /s/ Dennis J. Mickey Dennis J. Mickey Vice President and Assistant Treasurer    Dated:  March 29, 2006       Certification  I, Dennis J. Mickey, certify that:   I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Saks Credit Card Master Trust; Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report; Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement for inclusion in these reports is included in these reports; I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement,  and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent registered public accounting firm, after conducting a review of such standards performed in accordance with certain agreed upon procedures as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.  In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Wells Fargo Bank, National Association and The Depository Trust Company.   Date:  March 29, 2006   /s/ Dennis J. Mickey Dennis J. Mickey Vice-President and Assistant Treasurer     Exhibit Index      Exhibit No.  Exhibit 99(a)    Exhibit   Annual Statement to Certificateholders for the year ended December 31, 2005.   Exhibit 99(b)  Annual Servicer's Certificate dated March 1, 2006.           EX-99 2 x99a.htm          Exhibit 99(a)    HSBC Finance Corporation HRSI Funding Inc. VI Saks Credit Card Master Trust, Series 2001-2        Original Class A Principal  333,000,000.00     Number of Class A Bonds (000's)  333,000     Original Class B Principal  36,000,000.00     Number of Class B Bonds (000's)  36,000                         Distribution Date   2005 Total        CLASS A     Class A Principal Distribution   0.00    Class A Interest Distribution   11,602,017.76         CLASS B     Class B Principal Distribution   0.00    Class B Interest Distribution   1,403,922.19              EX-99 3 x99b.htm       Exhibit 99(b) ANNUAL SERVICER'S CERTIFICATE  HSBC FINANCE CORPORATION  HSBC FUNDING (USA) INC. VI  SAKS CREDIT CARD MASTER TRUST _______________________________________________  I, Joyce A. Bevacqua, Servicing Officer of HSBC Finance Corporation (the "Successor Servicer"), DO HEREBY CERTIFY, in accordance with the Master Pooling and Servicing Agreement dated as of August 21, 1997 (as amended and supplemented) between Saks Credit Corporation, as Transferor, the Successor Servicer, and Wells Fargo Bank, National Association (as successor by merger to Wells Fargo Bank Minnesota, National Association), as Trustee, (the "Agreement") that: 1. Capitalized terms used but not defined in this Annual Servicer's Certificate have their respective meanings set forth in the Agreement.  2. As of the date hereof, HSBC Finance Corporation is the Successor Servicer under the Agreement.  3. The undersigned is duly authorized pursuant to the Agreement to execute and deliver this Annual Servicer's Certificate to the Trustee.  4. This Annual Servicer's Certificate is delivered pursuant to Section 3.5 of the Agreement.  5. A review of the activities of the Successor Servicer from January 1 through December 31, 2005 and of its performance under the Agreement has been made under my supervision.  6. Based on such review, to the best of my knowledge, the Successor Servicer has fully performed all its obligations under the Agreement throughout such calendar year and no event which, with the giving of notice or passage of time or both, would constitute a Successor Servicer Default has occurred or is continuing except as set forth in paragraph 7 below.  7. The following is a description of each Successor Servicer Default under the provisions of the Agreement known to me to have been made during the year ended December 31, 2005 which sets forth in detail (i) the nature of each such Successor Servicer Default, (ii) the action taken by the Successor Servicer, if any, to remedy each such Successor Servicer Default and (iii) the current status of each such Successor Servicer Default:    NONE    IN WITNESS WHEREOF, I have signed this certificate this 1st day of March, 2006.    HSBC Finance Corporation, as Successor Servicer  /s/ J. A. Bevacqua J. A. Bevacqua Servicing Officer     -----END PRIVACY-ENHANCED MESSAGE-----