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                                  UNITED STATES
                       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, 2001

                                       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 number 333-70003-01
                       ------------

                     First Security Auto Owner Trust 1999-1
                     --------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


          Delaware                                        87-6242432
-------------------------------                ---------------------------------
(State or Other Jurisdiction of                (IRS Employer Identification No.)
Incorporation or Organization)

         79 South Main
         P.O. Box 30006
         Salt Lake City, Utah                               84130
----------------------------------------       ---------------------------------
(Address of Principal Executive Offices)                  (Zip Code)

Registrant's telephone number, including area code:  (801) 246-8389
                                                     --------------

        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
registrants were 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 the 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. [ ]

     State the aggregate market value of the voting and non-voting common equity
held by non-affiliates of the registrant: Not applicable
                                          --------------

     Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of December 31, 2001: Not applicable
                                                  --------------

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DOCUMENTS INCORPORATED BY REFERENCE

                                      None.

                                  *     *     *

     This Annual Report on Form 10-K (the "Report") is filed with respect to
First Security Auto Owner Trust 1999-1 (the "Trust"), a Delaware business trust
formed pursuant to a Trust Agreement, dated as of February 25, 1999 (the "Trust
Agreement"), between Wells Fargo Bank, N.A., as successor to First Security
Bank, N.A. (referred to herein as the "Bank"), and Wilmington Trust Company, as
owner trustee (the "Owner Trustee"). The only business of the Trust is the
collection and distribution of payments on motor vehicle installment sales
contracts and installment loans in the manner described in the Registration
Statement on Form S-3 (File No. 333-70003). The Trust issued $1,008,147,000 in
aggregate principal amount of asset-backed notes, Classes A-1, A-2, A-3, A-4 and
B (the "Notes") pursuant to an Indenture, dated as of February 25, 1999 (the
"Indenture"), between the Trust and Bankers Trust Company, as indenture trustee
(the "Indenture Trustee"). Certain information otherwise required to be included
in this Report by the Instructions to Form 10-K has been omitted in reliance on
the letter relief granted by the staff of the Securities and Exchange Commission
to First Security Bank, N.A. and to other companies in similar circumstances, as
well as on responses of the SEC made orally to counsel to First Security Bank,
N.A.



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PART I

ITEM 1. BUSINESS

        Not applicable.

ITEM 2. PROPERTIES

        Not applicable.

ITEM 3. LEGAL PROCEEDINGS

        There were no material pending legal proceedings relating to the Trust
        to which any of the Trust, the Indenture Trustee, the Owner Trustee, or
        the Bank was a party or of which any of their respective properties was
        the subject during the fiscal year covered by this Report, nor is the
        Bank aware of any such proceedings contemplated by governmental
        authorities.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        No matter was submitted to a vote of noteholders, and no noteholder
        consent was solicited during the fiscal year covered by this Report.




                                       3
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PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

        (a) There is no established trading market for the Notes issued by the
            Trust.

        (b) As of December 31, 2001, there were less than 300 holders of record
            of all classes of Notes.

ITEM 6. SELECTED FINANCIAL DATA

        Not applicable.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

        Not applicable.

ITEM 7. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

        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.



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                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTS

         Not applicable.

ITEM 11. EXECUTIVE COMPENSATION

         Not applicable.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         Not applicable.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         Not applicable.





                                       5
<PAGE>

                                     PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a)

         (1)  Not applicable.

         (2)  Not applicable.

         (3)  The required exhibits are as follows:

         EXHIBIT
         NUMBER                    DOCUMENT DESCRIPTION
         ------                    --------------------

         4.1             Indenture between First Security Auto Owner Trust
                         1999-1, as issuer, and Bankers Trust Company, as
                         indenture trustee, dated as of February 25, 1999.*

         4.2             Trust Agreement between Wells Fargo Bank, N.A.,
                         successor to First Security Bank, N.A., as seller and
                         servicer, and Wilmington Trust Company, as owner
                         trustee dated as of February 25, 1999.**

         10.1            Sale and Servicing Agreement among Wells Fargo Bank,
                         N.A., successor to First Security Bank, N.A., as seller
                         and servicer, First Security Auto Owner Trust 1999-1,
                         as issuer, and Bankers Trust Company, as indenture
                         trustee, dated as of February 25, 1999.**

         10.2            Administration Agreement between First Security Auto
                         Owner Trust 1999-1 and Wells Fargo Bank, N.A.,
                         successor to First Security Bank, N.A., as
                         administrator, dated as of February 25, 1999.**

         99.1            Monthly Servicer's Reports

         99.2            Independent Accountant's Report

         99.3            Management Representation Letter and Assertion

         --------------
         * Incorporated herein by reference to Exhibit 99 to the Current Report
         on Form 8-K of First Security Auto Owner Trust 1999-1 filed February
         25, 1999.
         ** Incorporated herein by reference to the Registration Statement on
         Form S-3 (No. 333-35847) of First Security Bank, N.A.

(b)  None.

(c)  See paragraph (a)(3) above.

(d)  Not applicable.

     SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
  SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES
                        PURSUANT TO SECTION 12 OF THE ACT

         No such annual report, proxy statement, form of proxy or other
soliciting material has been sent to noteholders.



                                       6
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                                   SIGNATURES


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

                                    Wells Fargo Bank, N.A.,
                                    First Security Auto Owner Trust 1999-1

                                    By: Wells Fargo Bank, N.A.,
                                        successor to First Security Bank, N.A.,
                                        as Servicer+


Date: March 29, 2002                By: /s/ Paul Tsang
                                        ----------------------------------------
                                        Name:  Paul Tsang
                                        Title: Vice President







-----------------
+ This Report is being filed by the Servicer on behalf of the Trust. The Trust
does not have any officers or directors.



                                       7
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                                INDEX TO EXHIBITS

EXHIBIT
NUMBER                         DOCUMENT DESCRIPTION
------                         --------------------


4.1            Indenture between First Security Auto Owner Trust 1999-1, as
               issuer, and Bankers Trust Company, as indenture trustee, dated as
               of February 25, 1999.*

4.2            Trust Agreement between Wells Fargo Bank, N.A., successor to
               First Security Bank, N.A., as seller and servicer, and Wilmington
               Trust Company, as owner trustee dated as of February 25, 1999.**

10.1           Sale and Servicing Agreement among Wells Fargo Bank, N.A.,
               successor to First Security Bank, N.A., as seller and servicer,
               First Security Auto Owner Trust 1999-1, as issuer, and Bankers
               Trust Company, as indenture trustee, dated as of February 25,
               1999.**

10.2           Administration Agreement between First Security Auto Owner Trust
               1999-1 and Wells Fargo Bank, N.A., successor to First Security
               Bank, N.A., as administrator, dated as of February 25, 1999.**

99.1           Monthly Servicer's Reports

99.2           Independent Accountant's Report

99.3           Management Representation Letter and Assertion


--------------
* Incorporated herein by reference to Exhibit 99 to the Current Report on Form
8-K of First Security Auto Owner Trust 1999-1 filed February 25, 1999.
** Incorporated herein by reference to the Registration Statement on Form S-3
(No. 333-35847) of First Security Bank, N.A.



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