EXHIBIT 99.1

Bay View Transaction Corporation
Bay View 2003 LJ-1 Owner Trust
For Payment Date: October 25, 2004
For Collection Period: September 2004
For Determination Date: October 15, 2004


A. PRINCIPAL BALANCE RECONCILIATION	A-1		A-2		A-3		A-4		# LOANS			TOTAL			LOAN BALANCE
(A) Original Principal Balance	24,300,000.00		62,525,000.00		40,650,000.00		65,812,508.00			7,315			193,287,508.00			193,287,508.00
(B) Beginning Balance	0.00		13,257,447.63		40,650,000.00		65,812,508.00			5,288			119,719,955.63			119,719,955.63
(C) Collections (Regular Payments)	0.00		1,743,213.71		0.00		0.00			N/A			1,743,213.71			1,743,213.71
(D) Withdrawal from Payahead (Principal)	0.00		0.00		0.00		0.00			N/A			0.00			0.00
(E) Collections (Principal Payoffs)	0.00		2,289,550.83		0.00		0.00			112			2,289,550.83			2,289,550.83
(F) Gross Charge Offs (Prior Mo. End Bal)	0.00		245,865.42		0.00		0.00			10			245,865.42			245,865.42
(G) Principal Reductions (Other)(Partial chg-off)	0.00		8,152.34		0.00		0.00			N/A			8,152.34			8,152.34
(H) Repurchases	0.00		0.00		0.00		0.00			0			0.00			0.00

(I) Ending Balance	0.00		8,970,665.33		40,650,000.00		65,812,508.00			5,166			115,433,173.33			115,433,173.33

(J) Certificate Factor	0.000000	%	14.347326	%	100.000000	%	100.000000	%		70.622010	%		59.720969	%		59.720969	%
Notional Principal Balance: Class I
(K) Beginning																84,945,271.00
(L) Reduction																4,286,782.30
(M) Ending																80,658,488.70
Notional Principal Balance: Companion Component
(N) Beginning																34,774,684.63
(O) Reduction																—
(P) Ending																34,774,684.63
B. CASH FLOW RECONCILIATION															TOTALS
(A) CASH WIRED-PRINCIPAL AND INTEREST COLLECTIONS																4,903,838.88
(B) INTEREST WIRED — COLLECTION ACCOUNT & PAYAHEAD ACCOUNT																7,366.56
(C) WITHDRAWAL FROM PAYAHEAD ACCOUNT																0.00
1) allocable to principal																0.00
2) allocable to interest																0.00
(D) ADVANCES																3,183.98
(E) REPURCHASES																0.00
(F) GROSS CHARGE OFF RECOVERIES																182,765.16
(G) SPREAD ACCOUNT WITHDRAWAL																0.00
(H) Policy Draw for “I” Interest																0.00
(I) Policy Draw for “A-1” Interest or Ultimate Principal																0.00
(J) Policy Draw for “A-2” Interest or Ultimate Principal																0.00
(K) Policy Draw for “A-3” Interest or Ultimate Principal																0.00
(L) Policy Draw for “A-4” Interest or Ultimate Principal																0.00
TOTAL COLLECTIONS																5,097,154.58
C. TRUSTEE DISTRIBUTION															TOTAL
(A) TOTAL CASH FLOW																5,097,154.58
(B) DEPOSIT TO PAYAHEAD																294.44
(C) Indenture Trustee Fee (not to exceed $20,000)																1,833.33
(D) UNRECOVERED INTEREST ADVANCES																1,657.22
(E) SERVICING FEE (DUE AND UNPAID)																99,766.63
(F) Standby Servicing Fee (not to exceed $50,000)																4,489.50
(G) Owner Trustee Fee (not to exceed $25,000)																0.00
(H) INTEREST TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE																0.00
(I) INTEREST TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE																18,891.86
(J) INTEREST TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE																82,316.25
(K) INTEREST TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																188,662.52
(L) Interest to “I” Certificate Holders, including Overdue																102,642.20
(M) PRINCIPAL TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE																0.00
(N) PRINCIPAL TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE																4,286,782.30
(O) PRINCIPAL TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE																0.00
(P) PRINCIPAL TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																0.00
(Q) Policy Premium and Unreimbursed Draws																33,668.01
(R) Spread Account (up to the Requisite Amount)																0.00
(S) Additional Unpaid Standby Servicing Fee																0.00
(T) Additional Unpaid Indenture Trustee Fee																0.00
(U) Additional Unpaid Owner Trustee Fee																0.00
(V) Interests Advance Recovery Payments																0.00

(W) EXCESS YIELD																276,150.32

BALANCE																0.00

D. SPREAD ACCOUNT															SPREAD
															ACCOUNT
(A) BEGINNING BALANCE																6,055,346.89
(B) ADDITIONS TO SPREAD AMOUNT																276,150.32
(C) INTEREST EARNED																6,701.90
(D) DRAWS																0.00
(E) REIMBURSEMENT FOR PRIOR DRAWS																N/A
(F) DISTRIBUTION OF FUNDS TO SERVICER																N/A
(G) PRIOR MONTH DISTRIBUTION OF FUNDS TO ISSUER																258,554.98

(H) ENDING BALANCE																6,079,644.13

(I) REQUIRED BALANCE																5,798,625.24

(J) CURRENT MONTH DISTRIBUTION OF FUNDS TO ISSUER																281,018.89

Bay View Transaction Corporation
Bay View 2003 LJ-1 Owner Trust
For Payment Date: October 25, 2004
For Collection Period: September 2004
For Determination Date: October 15, 2004


E. CURRENT RECEIVABLES DELINQUENCY			NUMBER		BALANCE
# PAYMENT DELINQUENCY
(A) 31-60				12		268,813.91
(B) 61-90				3		68,552.16
(C) TOTAL				15		337,366.07

(D) 90+ days				7		149,580.24

F. REPOSSESSIONS
(A) COLLECTION PERIOD REPOSSESSIONS (CURRENT PERIOD END BAL)				6		167,487.26
(B) AGGREGATE REPOSSESSIONS				103		2,631,831.73
(C) UNLIQUIDATED REPOSSESSIONS				8		211,994.95
G. PAYAHEAD RECONCILIATION
(A) BEGINNING BALANCE						4,905.16
(B) DEPOSIT						294.44
(C) WITHDRAWAL						0.00

(D) ENDING BALANCE						5,199.60

PERFORMANCE TEST
H. DELINQUENCY RATIO (30+)	DELINQUENT
	MONTH		POOL		DELINQUENCY
MONTH	BALANCE		BALANCE		%
(A) CURRENT		337,366.07		115,433,173.33		0.2923	%
(B) 1ST PREVIOUS		483,948.31		119,719,955.63		0.4042	%
(C) 2ND PREVIOUS		239,403.19		124,570,236.03		0.1922	%

(D) THREE MONTH ROLLING AVERAGE		353,572.52		119,907,788.33		0.2962	%

I. CUMULATIVE DEFAULT RATE	MONTH		ORIGINAL POOL		Default Rate %
	BALANCE		BALANCE
(A) Defaulted Receivables (Current Period)		228,589.83
(B) Cumulative Defaulted Receivables (Prior Month)		2,719,277.21
(C) Cumulative Defaulted Receivables (Current Month)		2,947,867.04		193,287,508.00		1.53	%
	MONTH		ORIGINAL POOL
J. CUMULATIVE NET LOSS RATE	BALANCE		BALANCE		Net Loss Rate %
(A) Collection Period Charge-Off receivables		254,017.76
(B) 50% of Purchase Receivables with scheduled payment delinquent more than 30 days		—
(C) Aggregate Cram Down Losses during period		—
(D) Less: Recoveries (current month)		182,765.16
(E) Prior Period Adjustment		—
(F) Net Losses current period		71,252.60
(G) Prior Period cumulative net losses		1,530,201.83
(H) Cumulative Net Losses (current period)		1,601,454.43		193,287,508.00		0.83	%
(I) Total Defaults		228,589.83
(J) 50% of defaulted Receivables (not included in Collection Period Charge-Off Receivables)		114,294.92
(K) Cumulative net losses including 50% of defaults		1,715,749.35		193,287,508.00		0.89	%
K. EXTENSION RATE	MONTH BALANCE		POOL BALANCE		Extension Rate %
(A) Principal Balance of Receivables extended during current period (not to exceed 1% of Original Pool Balance)		342,647.39		115,433,173.33		0.30	%
L. LOCKBOX TEST			AMOUNT		NUMBER
(A) Total Payments to Lockbox (Current Month)				2,518,232.24		4,731
(B) Total Payments (Current Month)				5,086,604.04		5,392
(C) Lockbox Payment Percentage						87.74	%
M. FINANCIAL COVENANTS
(A) Monthly BVAC capital (at least $50MM)						50,000
(B) Monthly BVAC cash and working capital borrowing capacity (at least $5MM)						16,699
(C) Monthly BVAC net worth (at least $20MM)						62,551
N. WAC-Weighted Average Coupon						8.6240	%
O. WAM-Weighted Average Maturity						62.38


/s/ Angelica Velisano	APPROVED BY:	/s/ Lisa Staab

Prepared by: Angelica Velisano		Lisa Staab
Senior Accounting Analyst		VP, Controller
Bay View Acceptance Corp		Bay View Acceptance Corp

BAY VIEW TRANSACTION CORP 8-K