**SECURITIES AND EXCHANGE COMMISSION****Washington, D.C.  20549****UNITED STATES****FORM 10-K/A****[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934****[    ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**(Exact Name of Registrant)(State or Other JurisdictionOf Incorporation)Registrant's telephone number, including area code:**Wachovia Asset Securitization, Inc.****Wachovia Asset Securitization Issuance, LLC.****North Carolina**(I.R.S. EmployerIdentification No.)**56-1967773**Commission File Number :**333-97457-04**(Address of Principal Executive Offices)(Zip Code)**28288-5578**(704) 383-4634Securities registered pursuant to Section 12(b) of the Act:NoneIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.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. For the fiscal year ended December 31, 2007orFor the transition period from _____________ to _____________(Issuing Entity)Securities registered pursuant to Section 12(g) of the Act:NoneIndicate by check mark  if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Indicate by check mark  if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K ( 229.405 of this chapter) 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.                      Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).**[  Yes]****Asset-Backed Certificates, Series 2003-HE1**Documents incorporated by reference:**None**State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. **Not Applicable.****[X No]****[  Yes] [X No]****[X Yes] [     N o ]****[X]****[  Yes] [X No]****Large accelerated filer [ ]****Accelerated filer [ ]****Non-accelerated filer [X]**(Exact Name of Sponsor as Specified in its Charter)**Wachovia Bank, National Association****c/o Wachovia Bank, N.A., 301 South College Street****Charlotte, NC****fka Wachovia Asset Securitization, Inc**(Exact Name of Depositor as Specified in its Charter)**EXPLANATORY NOTE**Wachovia Asset Securitization, Inc. Asset-Backed Certificates, Series 2003-HE1 is filing this Amendment No. 1 on Form 10-K/A to its Form 10-K for the year ended December 31, 2007 (i) to file (a) as Exhibit 99.1, the Independent Accountant's Report for the year ended December 31, 2007 (the "Accountant's Report") and (b) as  Exhibit 99.2, the related Management Assertion as to compliance with minimum servicing standards for the year ended December 31, 2007 (the "Management Assertion"), and (ii) to revise (a) the signature block of Bridget Nelson to the Form 10-K and (b) the certification of Bridget Nelson attached as Exhibit 31.1 pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and relevant Commission regulations.The registrant does not believe that the above noted items, which were disclosed as material noncompliance, have or will have a material impact on noteholders.Certain mortgage payments were not properly allocated to principal and interest in accordance with the mortgagor's loan documents as the interest rates were set up incorrectly at loan origination.***Mortgage Payments  Allocation of Principal and Interest (II.3)***With regard to the matters addressed in clauses (i)(a) and (b) above, as of and for the year ended December 31, 2007, the Retail Credit Operations Division of Wachovia Bank, National Association, has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers, relating to its servicing of prime equity lines (home equity lines of credit), pursuant to the respective Sales and Servicing Agreements for the several Trusts identified in each of the Management Assertion and the Accountant's Report filed herewith (collectively, the "Trusts"), except for minimum servicing standards I.2, I.4, III.3, III.4, III.6, V.3, and V.4, which management has determined to be inapplicable to the servicing of the Trusts, and minimum servicing standards II.3, II.4, and V.2 as explained below, which have been disclosed as material noncompliance.***Mortgage Payments  Loan Payoffs (II.4)******Mortgagor Loan Accounting  Adjustments on ARM loans (V.2)******-***Certain mortgage payments identified as loan payoffs were not allocated in accordance with the mortgagor's loan documents as the interest rates were set up incorrectly at loan origination.***-***Certain adjustments on ARM loans were not computed based on the related mortgage note and related ARM rider as the interest rates were set up incorrectly at loan origination.***-***This Form 10-K/A does not otherwise amend the Form 10-K.**Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.****Item 6. Selected Financial Data.**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 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.****Item 7A. Quantitative and Qualitative Disclosures About Market  Risk.****Item 8. Financial Statements and Supplementary Data.****Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.****Item 9A. Controls and Procedures.****Item 9B. Other Information.**Not Applicable.**PART II**Not Applicable.Not Applicable.Not Applicable.Not Applicable.Not Applicable.None.**PART I****Item 1. Business.****Item 1A. Risk Factors.****Item 1B. Unresolved Staff Comments.****Item 2. Properties.****Item 3. Legal Proceedings.****Item 4. Submission of Matters to a Vote of Security Holders.**Not Applicable.Not Applicable.Not Applicable.Not Applicable.Not Applicable.Not Applicable.**Item 10. Directors and Executive Officers and Corporate Governance.****Item 11. Executive Compensation.****Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.****Item 13. Certain Relationships and Related Transactions, and Director Independence.****PART III**Not Applicable.Not Applicable.Not Applicable.Not Applicable.**SIGNATURES**Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the issuing entity has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.By:Dated:**/s/  Bridget Nelson****July 23, 2008****Bridget NelsonSenior Vice President****Wachovia Bank, National Association**Name:Title:**As Servicer**(senior officer in charge of the servicing function)**Item 14. Principal Accounting Fees and Services.**Not Applicable.a)    1. Not Applicable.**Item 15. Exhibits, Financial Statement Schedules.**       2. Not Applicable.       3. Exhibits.b)    See (a) 3 above.c)    Not Applicable.**PART IV**       31.1 Sarbanes-Oxley Certification       99.1 Independent Accountant's Report for the year ended December 31, 2007       99.2 Management Assertion as to compliance with minimum servicing standards for the year ended December 31, 2007       99.3 Annual Statement as to Compliance for the year ended December 31, 2007**Exhibit    Index**       31.1 Sarbanes-Oxley Certification       99.1 Independent Accountant's Report for the year ended December 31, 2007       99.2 Management Assertion as to compliance with minimum servicing standards for the year ended December 31, 2007       99.3 Annual Statement as to Compliance for the year ended December 31, 2007