Exhibit 99.1

Bay View Transaction Corporation
Bay View 2003 LJ-1 Owner Trust
For Payment Date: January 25, 2005
For Collection Period: December 31 2004
For Determination Date: January 18, 2005


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	654,599.43	40,650,000.00	65,812,508.00	4,922	107,117,107.43	107,117,107.43
(C) Collections (Regular Payments)	0.00	654,599.43	1,208,975.25	0.00	N/A	1,863,574.68	1,863,574.68
(D) Withdrawal from Payahead (Principal)	0.00	0.00	209.72	0.00	N/A	209.72	209.72
(E) Collections (Principal Payoffs)	0.00	0.00	1,803,003.40	0.00	87	1,803,003.40	1,803,003.40
(F) Gross Charge Offs (Prior Mo. End Bal)	0.00	0.00	298,081.07	0.00	14	298,081.07	298,081.07
(G) Principal Reductions (Other)(Partial chg-off)	0.00	0.00	6,210.63	0.00	N/A	6,210.63	6,210.63
(H) Repurchases	0.00	0.00	0.00	0.00	0	0.00	0.00
(I) Ending Balance	0.00	0.00	37,333,519.93	65,812,508.00	4,821	103,146,027.93	103,146,027.93

(J) Certificate Factor	0.000000%	0.000000%	91.841377%	100.000000%	65.905673%	53.364043%	53.364043%


Notional Principal Balance: Class I
(K) Beginning		72,342,422.80
(L) Reduction		3,971,079.50
(M) Ending		68,371,343.30

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		4,403,244.00
(B) INTEREST WIRED — COLLECTION ACCOUNT & PAYAHEAD ACCOUNT		8,942.92
(C) WITHDRAWAL FROM PAYAHEAD ACCOUNT		0.00
1) allocable to principal		209.72
2) allocable to interest		0.00
(D) ADVANCES		3,772.17
(E) REPURCHASES		0.00
(F) GROSS CHARGE OFF RECOVERIES		114,614.73
(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		4,530,783.54

C. TRUSTEE DISTRIBUTION	TOTAL

(A) TOTAL CASH FLOW		4,530,783.54
(B) DEPOSIT TO PAYAHEAD		0.00
(C) Indenture Trustee Fee (not to exceed $20,000)		1,833.33
(D) UNRECOVERED INTEREST ADVANCES		5,459.59
(E) SERVICING FEE (DUE AND UNPAID)		89,264.26
(F) Standby Servicing Fee (not to exceed $50,000)		4,016.89
(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		932.80
(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		87,413.76
(M) PRINCIPAL TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE		0.00
(N) PRINCIPAL TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE		654,599.43
(O) PRINCIPAL TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE		3,316,480.07
(P) PRINCIPAL TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE		0.00
(Q) Policy Premium and Unreimbursed Draws		30,084.26
(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		69,720.38

BALANCE		0.00

D. SPREAD ACCOUNT	SPREAD
	ACCOUNT
(A) BEGINNING BALANCE		6,027,871.25
(B) ADDITIONS TO SPREAD AMOUNT		69,720.38
(C) INTEREST EARNED		9,475.18
(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		229,246.01
(H) ENDING BALANCE		5,877,820.80

(I) REQUIRED BALANCE		5,798,625.24
(J) CURRENT MONTH DISTRIBUTION OF FUNDS TO ISSUER		79,195.56

Bay View Transaction Corporation
Bay View 2003 LJ-1 Owner Trust
For Payment Date: January 25, 2005
For Collection Period: December 31 2004
For Determination Date: January 18, 2005

E. CURRENT RECEIVABLES DELINQUENCY


	NUMBER		BALANCE

# PAYMENT DELINQUENCY
(A) 31-60		28		632,539.58
(B) 61-90		9		195,743.60
(C) TOTAL		37		828,283.18

(D) 90+ days		5		144,208.49

F. REPOSSESSIONS

(A) COLLECTION PERIOD REPOSSESSIONS (CURRENT PERIOD END BAL)		8		172,422.74
(B) AGGREGATE REPOSSESSIONS		125		3,077,685.07
(C) UNLIQUIDATED REPOSSESSIONS		9		191,658.01

G. PAYAHEAD RECONCILIATION

(A) BEGINNING BALANCE				5,024.22
(B) DEPOSIT				0.00
(C) WITHDRAWAL				209.72
(D) ENDING BALANCE				4,814.50


PERFORMANCE TEST
H. DELINQUENCY RATIO (30+)
	DELINQUENT
	MONTH		POOL		DELINQUENCY
MONTH	BALANCE		BALANCE		%
(A) CURRENT		828,283.18		103,146,027.93		0.8030	%
(B) 1ST PREVIOUS		734,310.78		107,117,107.43		0.6855	%
(C) 2ND PREVIOUS		873,300.33		111,370,309.40		0.7841	%
(D) THREE MONTH ROLLING AVERAGE		811,964.76		107,211,148.25		0.7576	%


I. CUMULATIVE DEFAULT RATE	MONTH		ORIGINAL POOL		Default Rate %
	BALANCE		BALANCE
(A) Defaulted Receivables (Current Period)		246,036.57
(B) Cumulative Defaulted Receivables (Prior Month)		3,460,840.43
(C) Cumulative Defaulted Receivables (Current Month)		3,706,877.00		193,287,508.00		1.92	%


	MONTH		ORIGINAL POOL
J. CUMULATIVE NET LOSS RATE	BALANCE		BALANCE		Net Loss Rate %
(A) Collection Period Charge-Off receivables		304,291.70
(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)		114,614.73
(E) Prior Period Adjustment		—
(F) Net Losses current period		189,676.97
(G) Prior Period cumulative net losses		1,803,810.52
(H) Cumulative Net Losses (current period)		1,993,487.49		193,287,508.00		1.03	%

(I) Total Defaults		246,036.57
(J) 50% of defaulted Receivables ( not included in Collection Period Charge-Off Receivables)		123,018.29

(K) Cumulative net losses including 50% of defaults		2,116,505.78		193,287,508.00		1.10	%


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)		337,084.81		103,146,027.93		0.33	%


L. LOCKBOX TEST	AMOUNT		NUMBER
(A) Total Payments to Lockbox (Current Month)		2,396,686.90		4,430
(B) Total Payments (Current Month)		4,517,858.73		4,989
(C) Lockbox Payment Percentage				88.80	%

M. FINANCIAL COVENANTS
(A) Monthly BVAC capital (at least $50MM)				50,000
(B) Monthly BVAC cash and working capital borrowing capacity (at least $5MM)				10,045
(C) Monthly BVAC net worth (at least $20MM)				62,768

N. WAC-Weighted Average Coupon				8.6167	%
O. WAM-Weighted Average Maturity				59.57


/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