|SECURITIES AND EXCHANGE COMMISSION                                                                                                                                                                                                                                                                                                                                                                                                                                         
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Washington, D.C.  20549                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|FORM 10-K                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|(Mark One)                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                   
|For the fiscal year ended December 31, 2003                                                                                                                                                                                                                                                                                                                                                                                                                                
|OR                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                               
|For the transition period from ______ to _______                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Commission File Nos. 000-30465-01                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Household Home Equity Loan Trust 1999-1                                                                                                                                                                                                                                                                                                                                                                                                                                    
|(Exact name of Registrant as specified in Department                                                                                                                                                                                                                                                                                                                                                                                                                       
|of the Treasury, Internal Revenue Service Form SS-4)                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|HOUSEHOLD FINANCE CORPORATION                                                                                                                                                                                                                                                                                                                                                                                                                                              
|(Servicer of the Trust)                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|(Exact name as specified in Servicer's charter)                                                                                                                                                                                                                                                                                                                                                                                                                            
|DELAWARE(State or other jurisdiction of incorporation of Servicer)                                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS         60070                                                                                                                                                                                                                                                                                                                                                                                                                
|(Address of principal executive offices of Servicer)                        (Zip Code)                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Servicer's telephone number, including area code (847) 564-5000                                                                                                                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                                                                                                                   
|Yes X          No _____                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  [X]

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act).  Yes [   ]  No [X]
|Registrant has no voting or non-voting class of common equity outstanding as of the date of this report.                                                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

|INTRODUCTORY NOTE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|HFC Revolving Corporation is the depositor  (the "Depositor") under a Pooling and Servicing Agreement dated as of November 1, 1999 (the "Agreement"), by and among the Seller, Household Finance Corporation, as Master Servicer (the "Master Servicer"), and Bank One, National Association, as trustee (the "Trustee"), providing for the issuance of Closed-End Home Equity Loan Asset Backed Certificates, Series 1999-1 (the "Certificates").  The Depositor is the originator of the trust called the Household Home Equity Loan Trust 1999-1 (the "Trust").                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Certificates consist of six classes of certificates.  On November 20, 2001, the Class A-1 Certificates were paid in full and on September 20, 2002 the Class A-2 Certificates were paid in full.  As of December 31, 2003, the outstanding principal balance of the Certificates was approximately $112,871,944 and the receivables held by the Trust had an aggregate outstanding principal balance of approximately $134,682,930. No reserve account is held for the benefit of the Certificateholders.  The Master Servicer has prepared this Form 10-K on behalf of the Registrant in reliance upon various no-action letters issued by the Securities and Exchange Commission (the "Commission") to other trusts substantially similar to the Trust.  Items designated herein as "Not Applicable" have been omitted as a result of this reliance.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|PART I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 1.	Business.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 2.	Properties.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 3.	Legal Proceedings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The Master Servicer is not aware of any material pending legal proceedings involving either the Registrant, the Trustee, the Depositor or the Master Servicer with respect to the Certificates or the Registrant's property.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 4.	Submission of Matters to a Vote of Security Holders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|No vote or consent of the holders of the Certificates (the "Certificateholders") was solicited for any purpose during the year ended December 31, 2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|PART II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 5.	Market for Registrant's Common Equity and Related Stockholder Matters.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|To the best knowledge of the Master Servicer, there is no established public trading market for the Certificates. As of March 25, 2004, there were less than 300 holders of record of each class of Certificates.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 6.	Selected Financial Data.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 8.	Financial Statements and Supplementary Data.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 9a.  Controls and Procedures.

Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|PART III                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 10.	Directors and Executive Officers of the Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 11.	Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Item 12.	Security Ownership of Certain Beneficial Owners and Management.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|The following table sets forth (i) the name and address of each entity owning more than 5% of the outstanding principal amount of each class of the Certificates; (ii) the principal amount of Certificates owned by each, if known, and (iii) the percent that the principal amount of Certificates owned represents of the outstanding principal amount of the respective class of Certificates.  The information set forth in the table is based upon information obtained by the Master Servicer from the Trustee and from The Depository Trust Company as of February 24, 2004.  The Master Servicer is not aware of any Schedules 13D or 13G filed with the Securities and Exchange Commission in respect of the Certificates.                                                                                                                      



|                                                                                                                  | Amount OwnedAll dollar amounts are in thousands
|----------------------------------------------------------------------------------------------------------------- | -----------------------------------------------
|Name and Address                                                                                                  | Principal                                      
|                                                                                                                  |                                                
|Series 1999-1 Class A-1 CertificateholdersNone                                                                    |                                                
|                                                                                                                  |                                                
|Series 1999-1 Class A-2 Certificateholders                                                                        |                                                
|None                                                                                                              |                                                
|                                                                                                                  | Amount OwnedAll dollar amounts are in thousands
|Name and Address                                                                                                  | Principal                                      
|                                                                                                                  |                                                
|Series 1999-1 Class A-3 Certificateholders                                                                        |                                                
|                                                                                                                  |                                                
|State Street Bank and Trust Company
Global Corporate Action Unit JAB 5NW
1776 Heritage Drive
No. Quincy, MA 02171 | $25,150                                        
|Bank of New York/Investment Account
***Participant Contact Not Found***                                           | $15,782                                        
|Wachovia Securities, LLC/Custody
One New York Plaza
New York, NY  10292                                           | $11,350                                        
|The Bank of New York
One Wall Street
New York, NY  10286                                                          | $10,000                                        
|Mellon Trust of New England, National Association
525 William Penn Place, Suite 3148
Pittsburgh, PA  15259        | $6,657                                         
|JPMorgan Chase Bank
Proxy/Class Action/Bankruptcy
14201 Dallas Parkway
Dallas, TX 75254                           | $6,097                                         
|Brown Brothers Harriman & Co.
63 Wall Street, 8th Floor
New York, NY  10005                                       | $5,812                                         
|                                                                                                                  | Amount OwnedAll dollar amounts are in thousands
|Name and Address                                                                                                  | Principal                                      
|                                                                                                                  |                                                
|Series 1999-1 Class A-4 Certificateholders                                                                        |                                                
|                                                                                                                  |                                                
|The Bank of New York
One Wall Street
New York, NY  10286                                                          | $28,000                                        
|Wachovia Securities, LLC/Custody
One New York Plaza
New York, NY  10292                                           | $6,300                                         
|Northern Trust Company
801 S. Canal C-IN
Chicago, IL 60607                                                        | $6,000                                         
|Series 1999-1 Class M-1 Certificateholders                                                                        |                                                
|                                                                                                                  |                                                
|Wachovia Bank N.A. - Phila. Main
530 Walnut Street
Philadelphia, PA  19101                                        | $15,550                                        
|Bank of New York
One Wall Street
New York, NY  10286                                                              | $10,000                                        
|Citibank, N.A.
3800 Citibank Center, B3-15
Tampa, FL 33610-9122                                                   | $10,000                                        
|Series 1999-1 Class M-2 Certificateholders                                                                        |                                                
|                                                                                                                  |                                                
|Bank of New York
One Wall Street
New York, NY  10286                                                              | $13,000                                        
|JPMorgan Chase Bank
Proxy/Class Action/Bankruptcy
14201 Dallas Parkway
Dallas, TX  75254                          | $8,000                                         



|                                                                                                                                                                                                                                                                                                                                                                                                        | Amount OwnedAll dollar amounts are in thousands                                                                                         
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------
|Name and Address                                                                                                                                                                                                                                                                                                                                                                                        | Principal                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                         
|Series 1999-1 Class M-2 Certificateholders                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                         
|The Northern Trust Company
801 S. Canal C-IN
Chicago, IL 60607                                                                                                                                                                                                                                                                                                                                          | $6,000                                                                                                                                  
|Citibank, N.A.
3800 Citibank Center, B3-15
Tampa, FL 33610-9122                                                                                                                                                                                                                                                                                                                                         | $4,920                                                                                                                                  
|Item 13.	Certain Relationships and Related Transactions.                                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                       
|None or Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                
|Item 14.	Principal Accountant Fees and Services.                                                                                                                                                                                                                                                                                                                                                       
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                       
|PART IV                                                                                                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                                                                       
|Item 15.	Exhibits, Financial Statement Schedules, and Reports on Form 8-K.                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                       
|(a)	List the following documents filed as a part of the report:                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                       
|(1)	Financial Statements                                                                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                       
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                       
|(2)	Financial Statement Schedules                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                                       
|Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                       
|(3)  The Master Servicer is obligated to prepare an Annual Statement to Certificateholders for the year ended December 31, 2003, and Independent Public Accountants are required to prepare an annual servicing report pertaining to the compliance of the Master Servicer with its servicing obligations pursuant to the Agreement.  Copies of said documents are filed as exhibits to this Form 10-K.
|                                                                                                                                                                                                                                                                                                                                                                                                       
|(b)	The Registrant filed the following current reports on Form 8-K for the fourth quarter of 2003:                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                       
|Date of Reports                                                                                                                                                                                                                                                                                                                                                                                         | Items Covered                                                                                                                           
|October 31, 2003 
November 28, 2003
December 29, 2003                                                                                                                                                                                                                                                                                                                                                   | Item 7. Statement to Certificateholders with respect to distributions made on
October 20, 2003, November 20, 2003 and December 22, 2003.
|(c)
Exhibit 99 (a)                                                                                                                                                                                                                                                                                                                                                                                      | Annual Statement to Certificateholders for the year ended December 31, 2003.                                                            
|Exhibit 99 (b)                                                                                                                                                                                                                                                                                                                                                                                          | Independent Accountants' Report dated February 28, 2004.                                                                                
|Exhibit 99 (c)                                                                                                                                                                                                                                                                                                                                                                                          | Annual Certificate as to Compliance dated March 25, 2004.                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                       
|(d)  Not Applicable.                                                                                                                                                                                                                                                                                                                                                                                   



|                                                                                                                                                                                                                                                                
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|SIGNATURES                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                
|Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Master Servicer has duly caused this report to be signed on behalf of the Household Home Equity Loan Trust 1999-1 by the undersigned, thereunto duly authorized.
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|                                                                                                                                                                                                                                                                
|Dated:  March 25, 2004                                                                                                                                                                                                                                          





Certification

I, Steven H. Smith, certify that:

1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K
2. Based on my knowledge, the information in these reports, taken as a whole,
3. 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;
4. 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 report, the servicer has fulfilled its obligations under that agreement; and
5. 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 public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, 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: Bank One, National Association and The Depository Trust Company.



Date:  March 25, 2004





_/s/ Steven H. Smith__

Steven H. Smith

Assistant Treasurer



|Exhibit Index     
|------------------
|                  
|(c)
Exhibit 99 (a)
|Exhibit 99 (b)    
|Exhibit 99 (c)