North Carolina 333-97457-04 56-1967773

State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
ID Number)

~~Wachovia~~301 ~~Asset~~S. ~~Securitization~~College ~~Issuance~~Street, ~~LLC Series~~Suite ~~2003-HE1 Statement~~D, ~~to Securityholders Distribution Date: 05/25/10 Totals 145~~Charlotte,~~731.63 13,002,007.53 Rate 13,058,786.22 145,731.63 0.00 0.00 Certificate n/a 0.000000% 0.00 Factors~~ ~~per~~NC ~~Thousand 0.552500% A~~28288-~~2 A-1 Factors~~5578 ~~per~~(Address ~~Thousand Certificate Cusip Class 92975QAA8 92975QAB6 1.514000% 58.30838211 Original Certificate Balance 1,000,000,000.00 5,830,838.21~~ of ~~0.07111360 Distribution~~principal Summary 100,000,000.00 Beginning Certificate Balance 58,308,382.12 58.30838212 7,111.36 Interest 25,951.28 0.02595128 Principal 727,594.45 0.72759445 72,759.44 0.00 0.00 Certificate Unpaid Principal Amount Ending 0.79870805 Balance 57.58078767 5,758,078.77 57.58078766 Total Distribution 753,545.73 0.75354573 57,580,787.67 1,100,000,000.00 64,139,220.33 178,794.27 800,353.89 0.00 979,148.16 63,338,866.44 79,870.80 0.72759445 executive officer)

~~Wachovia~~Registrant's ~~Asset~~Telephone ~~Securitization Issuance~~Number, ~~LLC~~including area code: (704) 383-6044

~~Series~~(Former ~~2003-HE1~~name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events Attached herein as Exhibit 20 hereto is a copy of the Monthly Statement sent to Securityholders with respect to the Jun 25, 2010 Remittance Date. Item 9.01 Financial Statements and Exhibits Item 601 (a) of RegulationS-K Exhibit Number 20 Monthly Statement to Securityholders with respect to the Jun 25, 2010 Remittance Date. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. WACHOVIA BANK, NA By: \s\ Bill BuckminsterName: Bill Buckminster Title: Officer Dated: Jun 25, 2010

Distribution Date: 05/25/10

* The Rapid Amortization Tranche does not affect the bond distribution.

Totals

0.00

33,781,185.31

-249,553.42

661,184.22

-51,062.94

360,567.86

34,141,753.17

Balance

Excluded*

n/a

0.00

33,781,185.31

-249,553.42

661,184.22

-51,062.94

360,567.86

Ending

Tranche

Cusip

Rate

Balance

Payments

Draws

Losses

Distribution

Amortization

Original

Beginning

Total

Excluded Balance

Rapid

Wachovia Asset Securitization Issuance, LLC

Series 2003-HE1

Statement to Securityholders

Distribution Date: 05/25/10

Bond Interest Information

Type of

Certificate

LIBOR

Senior/Variable

Senior/Auction

Residual

* Original Ratings of the Offered Certificates per the Prospectus Supplement dated September 25, 2002

n/a

Class

S & P

Fitch

Original Rating*

Original Rating

Certificate

n/a

A-1

A-2

n/a

Moody's

Margin

0.29000%

Accrual

0.00000%

Aaa

AAA

Aaa

AAA

Cusip

92975QAA8

92975QAB6

0.26250%

1.51400%

Period

29/360

Wachovia Asset Securitization Issuance, LLC

Series 2003-HE1

Statement to Securityholders

Distribution Date: 05/25/10

Bond Interest Information

Class

A-2

A-1

Current

Carryforward Paid

Current

Outstanding

Current

Cusip

Interest Due

Interest Carryforward

92975QAA8

0.00

25,951.28

92975QAB6

7,111.36

0.00

Wachovia Asset Securitization Issuance, LLC

Series 2003-HE1

Statement to Securityholders

Distribution Date: 05/25/10

Interest

Interest Collected

(Additional Balance Interest)

(Relief Act Shortfalls)

Total Interest Collected

PrincipalPrincipal CollectedNet Liquidation ProceedsSubstitute Adjustment AmountOther Principal Collected(Additional Balance Increase)(Draw Amounts)

Total Principal Collected

Additional FundsAdditional Funds from the Funding AccountDraws from the PolicyYield Maintenance Payment

Total Additional Funds Collected

Total Available Collections

800,353.89

0.00

0.000.00

Collection Activity

0.00

218,977.51

0.00

800,353.89

1,019,331.40

0.00

0.000.000.00

Wachovia Asset Securitization Issuance, LLC

Series 2003-HE1

Statement to Securityholders

Distribution Date: 05/25/10

Periodic Information

Beginning Collateral BalanceEnding Collateral BalanceCurrent Liquidation Loss AmountsCumulative Liquidation Loss AmountsNet WACWAMAGEGross CPR

Net CPRDraw Rate

Original Information

Collateral BalanceNumber of LoansGross WACWAM

Overcollateralization Information

Overcollateralization Target AmountBeginning Overcollateralization AmountEnding Overcollateralization AmountOvercollateralization IncreaseOvercollateralization Decrease

56,778.69

13,058,786.22

233

13.044%

135

5,256,467.29

4.407%

11.756%

77,198,006.55

Collateral Information

76,340,873.97

7,573,219.36

1,100,011,119.68

22,971

13,002,007.53

0.00

56,778.69

Wachovia Asset Securitization Issuance, LLC

Series 2003-HE1

Statement to Securityholders

Distribution Date: 05/25/10

Funding Account

Beginning Balance

Interest Earnings

Deposits

Withdrawals

Interest Earnings to Collection Account

Ending Balance

Additional Account Activity

0.00

Wachovia Asset Securitization Issuance, LLC

Series 2003-HE1

Statement to Securityholders

Distribution Date: 05/25/10

Delinquent:

30-59 Days60-89 Days

90-119 Days

120-149 Days150-179 Days

180+ Days

Total

Foreclosure:

REO:

4,629,988.46

605,157.77

1,747,252.30

Delinquency Information

597,907.83

2,073,219.36

382,461.44229,066.20742,175.86

0.793%

6.065%

0.501%0.300%0.972%0.783%2.716%

0.00

2.289%

0.000%

Wachovia Asset Securitization Issuance, LLC

Series 2003-HE1

Statement to Securityholders

Distribution Date: 05/25/10

Fees

Servicing Fee

3 Largest Mortgage Loan Balances

Enhancer Premium

Additional Balances created during the first

Indenture Trustee Expenses

Rapid Amortization Period

Broker Dealer Expenses

Additional Balance Increase Amount payable

Auction Agent Expenses

to CertificateholdersAdditional Balance Increase Amount payable

Total Fees

from Principal CollectionsCondition 1 in effect?Condition 2 in effect?Condition 3 in effect?Cumulative Subsequent Mortgage LoansDeficiency AmountDraws from Policy not yet ReimbursedLiquidation Loss Amount %

Revolving (Yes / No)

Net Excess Spread % - Current

Managed Amortization (Yes / No)

Net Excess Spread % - 2 mth avg

Rapid Amortization (Yes / No)

Net Excess Spread % - 3 mth avgPercentage Interest Class A-1Percentage Interest Class A-2Stepdown Date Active (Yes / No)Stepdown Delinquency Test Met? (Yes / No)

9.1%

Yes

12.404%11.839%12.290%

90.9%

Additional Reporting Items

0.00

0.478%

Amortization Period

32,165.84

8,017.40

0.000.000.00

40,183.24

NoNo

Yes

Additional Information

3,376,889.48

0.00

Yes

0.000.00

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