UNITED STATES
SECURITIES AND EXCHANGE COMMISSION 
Washington, DC 20549

FORM 10-K

Annual Report 
Pursuant To Section 13 or 15 (d) of the 
Securities Exchange Act of 1934

For the Fiscal Year Ended December 31, 2004

Commission file number(s): 333-97457-04

Wachovia Asset Securitization, Inc Asset-Backed Certificates 2003-HE1

Wachovia Asset Securitization Issuance, LLC
fka Wachovia Asset Securitization, Inc

State of Incorporation: NC
IRS Employer Identification Number: 56-1967773

c/o Wachovia Bank, National Association
401 South Tryon Street NC1179
Charlotte, NC 28288

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 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

Yes [ X ]
  No [   ]Indicate by check mark whether the Registrant is an accelerated filer (as defined in Exchange Act Rule
12b-2)Yes [     ]
  No [ X ]Documents incorporated by reference: NoneINTRODUCTORY NOTEThe Registrant is the issuer of the Asset-Backed Certificates, Series 2003-HE1 (the "Notes"), issued under a Pooling
& Servicing Agreement dated as March 26, 2003, by and between the Registrant, Wachovia Bank, National Association as Servicer, Master Servicer,
and Certificate Administrator, and Wells Fargo Bank as Trustee.This Form 10-K has been prepared with modified disclosure in accordance with past exemptions from the reporting requirement
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.PART IItem 1.  Business
Not applicableItem 2.  Properties
Not 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 Securityholders
No vote or consent of the holders of the Bonds was solicited for any purpose during the year ended December 31, 2004.PART IIItem 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 applicableItem 7.  Management's Discussion and Analysis of Financial Condition and Results of Operations
Not applicableItem 7A. Quantitative and Qualitative Disclosures About Market Risk
Not applicableItem 8.  Financial Statements and Supplementary Data
Not applicableItem 9.  Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicableItem 9A. Controls and Procedures
Not applicableItem 9B. Other Information
NonePART IIIItem 10.  Directors and Executive Officers of the Registrant
Not applicableItem 11.  Executive Compensation
Not applicableItem 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 Bonds.

Item 13.  Certain Relationships and Related Transactions
Not applicable

Item 14.  Principal Accountant Fees and Services
Not applicable

PART IVItem 15.  Exhibits and Financial Statement Schedules
(a)The following documents are filed as part of this Report:

Exhibit Number
  Description31
  Certification99.1
  Independent Accountants' Report99.2
  Management Assertion99.3
  Officer's Certificate of the Servicer99.4
  2004 Annual
  Statement to Securityholders