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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 10-K

FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

(Mark One)[X]
        
        ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2002[   ]
        
        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from __________________ to _________________

Commission file number    333-97457

Wachovia Asset Securitization, Inc.

(Issuer in respect of the Mortgage Pass-Certificates Series 2002-1)
(Exact name of registrant as specified in its charter)


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(Exact name of registrant as specified in its charter)


Delaware
        
        56-1967773(State or other jurisdiction of
        
        (I.R.S. Employer Identification No.)incorporation or organization)c/o Wachovia Bank, 401 S. Tryon Street9th Floor, Charlotte, North Carolina
        
        28288-1179(Address of principal executive offices)
        
        (Zip Code)


Registrants telephone number, including area code:    (704) 383-9568

Securities
registered pursuant to Section 12(b) of the
Act:        None

     Securities registered pursuant to Section 12(g) of the Act:        None

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 of 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 (Section 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrants knowledge
indefinitive proxy or information statements incorporated by reference in Part
III of this Form 10-K or any amendment to this Form 10-K. [X]





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INTRODUCTORY NOTE

The Registrant is the issuer of the Mortgage Pass-Certificates Series
2002-1 (the Bonds), issued under a Pooling & Servicing Agreement dated as
September 27, 2002 by and between the Registrant, Wachovia Bank, as Servicer,
Master Servicer and Certificate Administrator, and JPMorgan Chase Bank as
Trustee.

This Form 10-K has been prepared with modified disclosure in accordance
with past exemptions from the reporting requirements granted by the Securities
and Exchange Commission under the Securities Exchange Act of 1934 for issuers
substantially similar to the Registrant. Items designated herein as Not
Applicable have been specifically omitted in reliance on such prior
exemptions.

B-2

PART I

Item 1.
        
        BusinessNot Applicable.Item 2.
        
        PropertiesNot ApplicableItem 3.
        
        Legal Proceedings.The Certificate Administrator is not aware of any material pending legal
proceedings involving the Registrant, the Trustee, the Master Servicer,
Certificate Administrator or the Servicer with respect to the Bonds 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 Bonds was solicited for any
purpose during the year ended December 31, 2002.


PART II

Item 5.
        
        Market for Registrants Common Equity and Related Stockholder Matters.To the best knowledge of the Certificate Administrator, there is no
established public trading market for the Bonds. As of the date hereof,
Cede & Co., the nominee of the Depository Trust Company (DTC), was the
only holder of record of the Bonds. DTC holds the Bonds for the accounts
of others.Item 6.
        
        Selected Financial Data.
Not Applicable.Item 7.
        
        Managements Discussion and Analysis of Financial Condition and Results of Operation.Not Applicable.Item 7A
        
        Quantitative and Qualitative Disclosures About Market Risks.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.


B-3





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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 Certificate Administrator is not aware of any Schedule 13D or 13G
filings with the Securities and Exchange Commission in respect of the
BondsItem 13.
        
        Certain Relationships and Related Transactions.None or Not Applicable.PART IVItem 14.
        
        Exhibits, Financial Statement Schedules, and Reports on Form 8-K.


(a)
        
        The following documents are filed as part of the report(1)
        
        Financial StatementsNot Applicable.(2)
        
        Financial Statement SchedulesNot Applicable.(b)
        
        The
Registrant filed the following current reports on Form 8-K for
the fourth quarter of 2002:Date of Reports           Items CoveredNone(c)
        
        Exhibits*99.1   Annual Statement to Bondholders for the period ended December 31, 200299.2
  Managements Assertion99.3   Annual Accountants Report99.4
  Exhibit Q (Form of Certification)


B-4



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(d)
        
        Additional financial statements(1)
        
        Separate Financial Statements of subsidiaries not consolidated and fifty-percent-or-less persons.None.(2)
        
        Affiliates whose securities are pledged as collateral.None.(3)
        
        Schedules.None.


B-5



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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Certificate Administrator has duly caused this report
to be signed on behalf of the Registrant by the undersigned, thereunto duly
authorized.

Dated:     March 31, 2003
        
        By:       Wachovia Asset Securitization,
Inc., as DepositorBy:       Wachovia Bank, National
Association, as Attorney-in-factBy:       /s/ Robert Ashbaugh
Name: Robert Ashbaugh
Title:    Vice President


B-6



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INDEX OF EXHIBITS

99.1
        
        Annual Statement to Bondholders for the period ended December 31, 200299.2
        
        Managements Assertion99.3
        
        99.3 Annual Accountants Report99.4
        
        Exhibit Q (Form of Certification)