A method for forming, within a double well formation, an array of DRAM memory cells isolated from each other by shallow trench isolation (STI), each cell comprising a MOSFET access transistor and a storage trench capacitor. A top plate of said capacitor is the trench wall within a deep N-well portion of the double well and the bottom plate is formed of a doped polysilicon layer within the trench, which layer is partially separated from the trench sidewalls by a dielectric layer whose upper portion is removed to allow the formation of a autodiffused doped channel between said polysilicon plate and the source region of the access transistor. The method uses a single dielectric layer deposition to serve as both a gate dielectric for the MOSFET and a capacitor dielectric and requires only a single deposition of polysilicon to serve as both the transistor gate electrode and a capacitor plate.