Exhibit 99.1

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


		A-1			A-2			A-3			A-4			# LOANS			TOTAL			LOAN 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			26,031,201.79			65,812,508.00			4,492			91,843,709.79			91,843,709.79

(C)	Collections (Regular Payments)		0.00			0.00			1,599,677.16			0.00			N/A			1,599,677.16			1,599,677.16

(D)	Withdrawal from Payahead (Principal)		0.00			0.00			1,678.32			0.00			N/A			1,678.32			1,678.32

(E)	Collections (Principal Payoffs)		0.00			0.00			2,602,651.78			0.00			145			2,602,651.78			2,602,651.78

(F)	Gross Charge Offs (Prior Mo. End Bal)		0.00			0.00			213,765.58			0.00			10			213,765.58			213,765.58

(G)	Principal Reductions (Other)(Partial chg-off)		0.00			0.00			19,042.02			0.00			N/A			19,042.02			19,042.02

(H)	Repurchases		0.00			0.00			0.00			0.00			0			0.00			0.00

(I)	Ending Balance		0.00			0.00			21,594,386.93			65,812,508.00			4,337			87,406,894.93			87,406,894.93


(J)	Certificate Factor		0.000000	%		0.000000	%		53.122723	%		100.000000	%		59.289132	%		45.221182	%		45.221182	%


Notional Principal Balance: Class I
(K)	Beginning																				57,069,025.16

(L)	Reduction																				4,436,814.86

(M)	Ending																				52,632,210.30


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																				4,808,261.05

(B)	INTEREST WIRED — COLLECTION ACCOUNT & PAYAHEAD ACCOUNT																				11,635.79

(C)	WITHDRAWAL FROM PAYAHEAD ACCOUNT																				0.00

	1) allocable to principal																				1,678.32

	2) allocable to interest																				0.00

(D)	ADVANCES																				4,277.31

(E)	REPURCHASES																				0.00

(F)	GROSS CHARGE OFF RECOVERIES																				115,142.08

(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																				4,940,994.55


C. TRUSTEE DISTRIBUTION																				TOTAL
(A)	TOTAL CASH FLOW																				4,940,994.55

(B)	DEPOSIT TO PAYAHEAD
(C)	Indenture Trustee Fee (not to exceed $20,000)																				1,833.33

(D)	UNRECOVERED INTEREST ADVANCES																				8,188.82

(E)	SERVICING FEE (DUE AND UNPAID)																				76,536.42

(F)	Standby Servicing Fee (not to exceed $50,000)																				3,444.14

(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																				0.00

(J)	INTEREST TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				52,713.18

(K)	INTEREST TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				188,662.52

(L)	Interest to “I” Certificate Holders, including Overdue																				68,958.41

(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																				4,436,814.86

(P)	PRINCIPAL TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00

(Q)	Policy Premium and Unreimbursed Draws																				25,493.68

(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																				3,542.94

(W)	EXCESS YIELD																				74,806.25


	BALANCE																				0.00


D. SPREAD ACCOUNT																				SPREAD ACCOUNT

(A)	BEGINNING BALANCE																				5,972,397.81

(B)	ADDITIONS TO SPREAD AMOUNT																				74,806.25

(C)	INTEREST EARNED																				12,763.00

(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																				173,772.57
(H)	ENDING BALANCE																				5,886,194.49


(I)	REQUIRED BALANCE																				5,798,625.24

(J)	CURRENT MONTH DISTRIBUTION OF FUNDS TO ISSUER																				87,569.25

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


E. CURRENT RECEIVABLES DELINQUENCY				NUMBER		BALANCE

	# PAYMENT DELINQUENCY
(A)	31-60				14		323,292.53

(B)	61-90				1		26,056.61

(C)	TOTAL				15		349,349.14


(D)	90+ days				5		122,083.44


F. REPOSSESSIONS

(A)	COLLECTION PERIOD REPOSSESSIONS (CURRENT PERIOD END BAL)				7		136,549.73

(B)	AGGREGATE REPOSSESSIONS				151		3,637,554.95

(C)	UNLIQUIDATED REPOSSESSIONS				7		136,549.73


G. PAYAHEAD RECONCILIATION

(A)	BEGINNING BALANCE						5,340.71

(B)	DEPOSIT						0.00

(C)	WITHDRAWAL						1,678.32
(D)	ENDING BALANCE						3,662.39


PERFORMANCE TEST

H. DELINQUENCY RATIO (30+)

		DELINQUENT
		MONTH		POOL		DELINQUENCY
	MONTH	BALANCE		BALANCE			%

(A)	CURRENT		349,349.14		87,406,894.93		0.3997	%

(B)	1ST PREVIOUS		597,325.09		91,843,709.79		0.6504	%

(C)	2ND PREVIOUS		688,938.57		95,913,813.59		0.7183	%

(D)	THREE MONTH ROLLING AVERAGE		545,204.27		91,721,472.77		0.5894	%


I. CUMULATIVE DEFAULT RATE		MONTH BALANCE		ORIGINAL POOL BALANCE		Default Rate %

(A)	Defaulted Receivables (Current Period)		258,633.17

(B)	Cumulative Defaulted Receivables (Prior Month)		4,362,771.73

(C)	Cumulative Defaulted Receivables (Current Month)		4,621,404.90		193,287,508.00		2.39	%


J. CUMULATIVE NET LOSS RATE		MONTH BALANCE		ORIGINAL POOL BALANCE		Net Loss Rate %

(A)	Collection Period Charge-Off receivables		232,807.60

(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)		115,142.08

(E)	Prior Period Adjustment		-

(F)	Net Losses current period		117,665.52

(G)	Prior Period cumulative net losses		2,427,254.91

(H)	Cumulative Net Losses (current period)		2,544,920.43		193,287,508.00		1.32	%


(I)	Total Defaults		258,633.17

(J)	50% of defaulted Receivables ( not included in Collection Period Charge-Off Receivables)		129,316.59


(K)	Cumulative net losses including 50% of defaults		2,674,237.02		193,287,508.00		1.38	%


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)		250,079.62		87,406,894.93		0.29	%


L. LOCKBOX TEST				AMOUNT		NUMBER


(A)	Total Payments to Lockbox (Current Month)				2,137,337.53		3,959

(B)	Total Payments (Current Month)				4,923,403.13		4,356

(C)	Lockbox Payment Percentage						90.89	%


M. FINANCIAL COVENANTS

(A)	Monthly BVAC capital (at least $50MM)						50,000

(B)	Monthly BVAC cash and working capital borrowing capacity (at least $5MM)						11,587

(C)	Monthly BVAC net worth (at least $20MM)						63,244


N. WAC-Weighted Average Coupon							8.606

O. WAM-Weighted Average Maturity							55.9


/s/ Lisa Staab	APPROVED BY:	DATE:	/s/ John Okubo

Prepared by: Lisa Staab			John Okubo
VP, Controller Bay View Acceptance Corp			Executive VP & CFO Bay View Capital Corp

BAY VIEW TRANSACTION CORP 8-K