Exhibit 99.1

Bay View Transaction Corporation
Bay View 2003 LJ-1 Owner Trust
For Payment Date: February 25, 2005
For Collection Period: January 31, 2005
For Determination Date: February 15, 2005


																			LOAN
	A-1			A-2			A-3			A-4			# LOANS			TOTAL			BALANCE
A. PRINCIPAL BALANCE RECONCILIATION
(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			0.00			37,333,519.93			65,812,508.00			4,821			103,146,027.93			103,146,027.93
(C) Collections (Regular Payments)		0.00			0.00			1,684,711.49			0.00			N/A			1,684,711.49			1,684,711.49
(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			0.00			1,712,728.15			0.00			98			1,712,728.15			1,712,728.15
(F) Gross Charge Offs (Prior Mo. End Bal)		0.00			0.00			192,042.11			0.00			8			192,042.11			192,042.11
(G) Principal Reductions (Other)(Partial chg-off)		0.00			0.00			23,409.97			0.00			N/A			23,409.97			23,409.97
(H) Repurchases		0.00			0.00			0.00			0.00			0			0.00			0.00

(I) Ending Balance		0.00			0.00			33,720,628.21			65,812,508.00			4,715			99,533,136.21			99,533,136.21

(J) Certificate Factor		0.000000	%		0.000000	%		82.953575	%		100.000000	%		64.456596	%		51.494862	%		51.494862	%

Notional Principal Balance: Class I
(K) Beginning																				68,371,343.30
(L) Reduction																				3,612,891.72
(M) Ending																				64,758,451.58

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																				4,171,698.64
(B) INTEREST WIRED — COLLECTION ACCOUNT & PAYAHEAD ACCOUNT																				8,816.41
(C) WITHDRAWAL FROM PAYAHEAD ACCOUNT																				0.00
1) allocable to principal																				0.00
2) allocable to interest																				0.00
(D) ADVANCES																				3,831.15
(E) REPURCHASES																				0.00
(F) GROSS CHARGE OFF RECOVERIES																				71,190.54
(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																				4,255,536.74

C. TRUSTEE DISTRIBUTION
																			TOTAL

(A) TOTAL CASH FLOW																				4,255,536.74
(B) DEPOSIT TO PAYAHEAD																				526.21
(C) Indenture Trustee Fee (not to exceed $20,000)																				1,833.33
(D) UNRECOVERED INTEREST ADVANCES																				3,577.20
(E) SERVICING FEE (DUE AND UNPAID)																				85,955.02
(F) Standby Servicing Fee (not to exceed $50,000)																				3,867.98
(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																				-
(J) INTEREST TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				75,600.38
(K) INTEREST TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				188,662.52
(L) Interest to “I” Certificate Holders, including Overdue																				82,615.37
(M) PRINCIPAL TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(N) PRINCIPAL TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(O) PRINCIPAL TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				3,612,891.72
(P) PRINCIPAL TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(Q) Policy Premium and Unreimbursed Draws																				29,030.50
(R) Spread Account (up to the Requisite Amount)																				0.00
(S) Additional Unpaid Standby Servicing Fee																				0.00
(T) Additonal Unpaid Indenture Trustee Fee																				0.00
(U) Additional Unpaid Owner Trustee Fee																				0.00
(V) Interests Advance Recovery Payments																				0.00

(W) EXCESS YIELD																				170,976.51

BALANCE																				0.00


D. SPREAD ACCOUNT
																			SPREAD
																			ACCOUNT

(A) BEGINNING BALANCE																				5,877,820.80
(B) ADDITIONS TO SPREAD AMOUNT																				170,976.51
(C) INTEREST EARNED																				10,254.80
(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																				79,195.56

(H) ENDING BALANCE																				5,979,856.55

(I) REQUIRED BALANCE																				5,798,625.24

(J) CURRENT MONTH DISTRIBUTION OF FUNDS TO ISSUER																				181,231.31

Bay View Transaction Corporation
Bay View 2003 LJ-1 Owner Trust
For Payment Date: February 25, 2005
For Collection Period: January 31, 2005
For Determination Date: February 15, 2005


E. CURRENT RECEIVABLES DELINQUENCY
			NUMBER		BALANCE

# PAYMENT DELINQUENCY
(A) 31-60				21		410,156.55
(B) 61-90				10		221,760.91

(C) TOTAL				31		631,917.46

(D) 90+ days				7		136,812.19

F. REPOSSESSIONS

(A) COLLECTION PERIOD REPOSSESSIONS (CURRENT PERIOD END BAL)				5		120,166.19
(B) AGGREGATE REPOSSESSIONS				130		3,197,851.26
(C) UNLIQUIDATED REPOSSESSIONS				10		199,854.45

G. PAYAHEAD RECONCILIATION

(A) BEGINNING BALANCE						4,814.50
(B) DEPOSIT						526.21
(C) WITHDRAWAL						0.00

(D) ENDING BALANCE						5,340.71


PERFORMANCE TEST
H. DELINQUENCY RATIO (30+)
	DELINQUENT
	MONTH		POOL		DELINQUENCY
MONTH	BALANCE		BALANCE		%
(A) CURRENT		631,917.46		99,533,136.21		0.6349	%
(B) 1ST PREVIOUS		828,283.18		103,146,027.93		0.8030	%
(C) 2ND PREVIOUS		734,310.78		107,117,107.43		0.6855	%

(D) THREE MONTH ROLLING AVERAGE		731,503.81		103,265,423.86		0.7078	%


I. CUMULATIVE DEFAULT RATE
	MONTH		ORIGINAL POOL		Default
	BALANCE		BALANCE		Rate %
(A) Defaulted Receivables (Current Period)		235,990.94
(B) Cumulative Defaulted Receivables (Prior Month)		3,706,877.00
(C) Cumulative Defaulted Receivables (Current Month)		3,942,867.94		193,287,508.00		2.04	%

J. CUMULATIVE NET LOSS RATE
	MONTH		ORIGINAL POOL		Net Loss
	BALANCE		BALANCE		Rate %
(A) Collection Period Charge-Off receivables		215,452.08
(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)		71,190.54
(E) Prior Period Adjustment		-
(F) Net Losses current period		144,261.54
(G) Prior Period cumulative net losses		1,993,487.49
(H) Cumulative Net Losses (current period)		2,137,749.03		193,287,508.00		1.11	%
(I) Total Defaults		235,990.94
(J) 50% of defaulted Receivables ( not included in Collection Period Charge-Off Receivables)		117,995.47
(K) Cumulative net losses including 50% of defaults		2,255,744.50		193,287,508.00		1.17	%

K. EXTENSION RATE
	MONTH		POOL		Extension
	BALANCE		BALANCE		Rate %
(A) Principal Balance of Receivables extended during current period (not to exceed 1% of Original Pool Balance)		314,944.95		99,533,136.21		0.32	%

L. LOCKBOX TEST
			AMOUNT		NUMBER
(A) Total Payments to Lockbox (Current Month)				2,304,862.81		4,360
(B) Total Payments (Current Month)				4,242,889.18		4,849
(C) Lockbox Payment Percentage						89.92	%

M. FINANCIAL COVENANTS
(A) Monthly BVAC capital (at least $50MM)						50,000
(B) Monthly BVAC cash and working capital borrowing capacity (at least $5MM)						11,149
(C) Monthly BVAC net worth (at least $20MM)						63,003

N. WAC-Weighted Average Coupon						8.6266	%
O. WAM-Weighted Average Maturity						58.67


/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