Monthly Statements to the Securityholders
Pursuant to Section 5.01 of the Sale and Servicing Agreement

Wachovia Asset Securitization Inc
2002-HE1


Aggregate Amount Collected for the Collection Period
Interest	$	2,122,825.79
Principal Collections	$	32,933,082.30
Substitution Amounts	$	—
Aggregate Substitution Amounts	$	—

Application of Collected Amounts


Applied in the following order of priority:			Factor per Thousand
(i) Enhancer Premium				$	94,669.66
(ii) Noteholder’s Interest				$	927,762.68	0.976592293
(iii) Principal Collections to Funding Account				$	—
(iv) Excess Spread (during Revolving)				$	—
(v) Excess Spread (during AP)				$	1,100,393.45
(vi) Additional Balance Increase from Excess Spread (during MAP)				$	—
(vii) Noteholder’s Principal Distribution				$	18,380,775.96	19.34818522
(viii) Enhancer for Prior Draws				$	—
(ix) Liquidation Loss Amount				$	—
(x) Enhancer				$	—
(xi) Interest Shortfalls				$	—
(xii) Indenture Trustee				$	—
(xiii) Certificates				$	1,100,393.45


Balances				Factors per Original
Beginning Note Balance				$	732,926,408.08	0.77150
Ending Note Balance				$	714,545,632.12	0.75215
	Change			$	18,380,775.96	0.01935
Beginning Excluded Amount				$	—
Ending Excluded Amount				$	—
	Change			$	—
Beginning Pool Balance				$	747,735,124.88	0.78709
Ending Pool Balance				$	729,354,348.92	0.76774
	Change			$	18,380,775.96	0.01935
Beginning Principal Balance				$	747,735,124.88	0.85938
Ending Principal Balance				$	729,354,348.92	0.83826
		Change		$	18,380,775.96	0.02113
Additional Draws				$	14,560,903.88
Beginning Additional Balance				$	—
Additional Balance Increase (Draws less Payments less Funding)				$	—
Ending Additional Balance Increase Amount				$	—


Delinquencies	#	$
Two statement cycle dates:	15	$	932,593.17
Three statement cycle dates:	9	$	407,100.97
Four statement cycle dates:	3	$	123,966.99
Five statement cycle dates:	2	$	161,538.70
Six statement cycle dates:	2	$	168,939.16
Seven + statement cycle dates:	3	$	184,335.70
Foreclosures (included in aging above)	9	$	477,410.38
REO	—	$	—
Liquidation Loss Amount	2	$	9,277.07
Aggregate Liquidation Loss Amount		$	690,363.32		0.0727	%
Other Information
Gross WAC for Collection Period			3.988	%
Net WAC Rate for Collection Period			3.335	%
Mortgage Loans Repurchased ( # / $ )	0	$	—
Beginning Pre-funding Account Balance		$	—
Beginning Funding Account Balance		$	—
Beginning Capitalized Interest Account Balance		$	—
Ending Pre-funding Account Balance		$	—
Ending Capitalized Interest Account Balance		$	—
Ending Funding Account Balance		$	—
Overcollateralization Amount (Beginning)		$	14,808,716.80
Overcollateralization Target		$	14,603,274.86
Overcollateralization Amount (Ending)		$	14,808,716.80
Certificate Balance		$	—

Gross CPR (1 mo. Annualized)			41.764	%
Net CPR (1 mo. Annualized)			25.820	%
Draw Rate (1 mo. Annualized)			21.021	%
WAM			210.14
AGE			22.63

Allocation of Collected Funds


Interest Collections				Principal Collections
Total Collected	$	(2,442,979.63	)	Total Collected	$	(32,933,082.30	)
Servicing Fee	$	311,556.30		Noteholders Principal	$	18,380,775.96
Enhancer Premium	$	94,669.66		Add'l Balance Increase	$	—
Additional Balance Interest	$	—		Net Draws	$	14,560,903.88
Noteholders Interest	$	927,762.68		Funding Account	$	—
Liquidations	$	8,597.54		Net	$	8,597.54
Excess Interest	$	1,100,393.45		Previous Funding	$	—
Net	$	—		Liquidations	$	(8,597.54	)
Interest Shortfall	$	—		Difference	$	(0.00	)
				Deficiency Amount	$	(0.00	)

Wachovia Bank, National Association
as Servicer

WACHOVIA ASSET SEC INC ASST BACK NOTES SER 2002 HE1 8-K