EXHIBIT 99.1 - ANNUAL SERVICER STATEMENT OF COMPLIANCE


                          CARMAX AUTO SUPERSTORES, INC.

                              OFFICER'S CERTIFICATE
     (Annual Statement as to Compliance for CarMax Auto Owner Trust 2003-1)

         The undersigned, a duly authorized representative of CarMax Auto
Superstores, Inc., as Servicer pursuant to Section 3.10 of the Sale and
Servicing Agreement dated as of May 1, 2003 (the "Sale and Servicing Agreement")
among CarMax Auto Owner Trust 2003-1, as Issuer (the "Issuer"), Pooled Auto
Securities Shelf LLC, as Depositor, and CarMax Auto Superstores, Inc., as
Servicer (the "Servicer"), and as Administrator on behalf of the Issuer pursuant
to Section 3.9 of the Indenture dated as of May 1, 2003 (the "Indenture")
between the Issuer and Wells Fargo Bank, National Association (formerly known as
Wells Fargo Bank Minnesota, National Association), as Indenture Trustee (the
"Indenture Trustee"), does hereby certify that:

         1.       CarMax Auto Superstores, Inc. is, as of the date hereof, the
                  Servicer under the Sale and Servicing Agreement and the
                  Administrator under the Administration Agreement dated as of
                  May 1, 2003 among the Issuer, CarMax Auto Superstores, Inc.,
                  as Administrator (the "Administrator"), and the Indenture
                  Trustee.

         2.       The undersigned is duly authorized to execute and deliver this
                  Officer's Certificate.

         3.       This Officer's Certificate is delivered pursuant to Section
                  3.10 of the Sale and Servicing Agreement and Section 3.9 of
                  the Indenture.

         4.       A review of the activities of the Servicer during the period
                  beginning on May 29, 2003 and ending on February 29, 2004 and
                  of the Servicer's performance under the Sale and Servicing
                  Agreement was made under my supervision. To the best of my
                  knowledge, based on such review, the Servicer has fulfilled
                  all its obligations under the Sale and Servicing Agreement
                  throughout such period.

         5.       A review of the activities of the Issuer during the period
                  beginning on May 29, 2003 and ending on February 29, 2004 and
                  of the Issuer's performance under the Indenture was made under
                  my supervision. To the best of my knowledge, based on such
                  review, the Issuer has complied with all conditions and
                  covenants under the Indenture throughout such period.

         Capitalized terms used in this Officer's Certificate and not otherwise
defined herein have the meanings assigned to them in the Sale and Servicing
Agreement.

         IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the
Servicer and the Administrator, has duly executed this Officer's Certificate
this 28th day of May, 2004.



                                                    /s/ Keith D. Browning
                                                    Keith D. Browning
                                                    Executive Vice President and
                                                    Chief Financial Officer