8-K 1 msa03hb1_sep.txt SEPTEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 15, 2003 MORGAN STANLEY AUTO LOAN TRUST 2003-HB1 (Exact name of registrant as specified in its charter) New York (governing law of 000-12559-01 51-6542739 Sales and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) Wells Fargo Bank Minnesota, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 667-8058 (Former name or former address, if changed since last report) ITEM 5. Other Events On September 15, 2003 a distribution was made to holders of MORGAN STANLEY AUTO LOAN TRUST 2003-HB1 ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Morgan Stanley Auto Loan Trust 2003-HB1, relating to the September 15, 2003 distribution. 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 hereunto duly authorized. MORGAN STANLEY AUTO LOAN TRUST 2003-HB1 By: Wells Fargo Bank Minnesota, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 8/20/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Morgan Stanley Auto Loan Trust 2003-HB1, relating to the September 15, 2003 distribution. EX-99.1

Morgan Stanley Auto Loan Trust 2003-HB1 Record Date: 78/31/03 Distribution Date: 89/15/03 Morgan Stanley Auto Loan Trust 2003-HB1 Contact: Wells Fargo Bank Minnesota, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 Telephone: (612) 667-8058 Fax: (612) 667-3529 Distribution Summary per $1,000 original Principal Principal Distribution Amount Balance of the Notes Class A-1 Notes: 4219,~~107~~360,~~520~~720.5206 7434.~~9493524~~4611464 Class A-2 Notes 0.00 0.0000000 Class B Notes: 0.00 0.0000000 Class C Notes: 0.00 0.0000000 Class D Notes: 0.00 0.0000000 Interest Distribution Amount Class A-1 Notes: ~~347~~445,~~629~~382.0410 0.~~6187629~~7927586 Class A-2 Notes ~~143~~205,~~942~~632.9782 0.~~2562115~~3660165 Class B Notes: 2333,~~304~~292.8260 0.~~0414815~~0592592 Class C Notes: 1928,~~670~~101.7000 0.~~0350129~~0500184 Class D Notes: 3956,~~620~~600.5375 0.~~0705226~~1007466 Regular Principal Allocation 5429,~~678~~577,~~899~~818.3611 9752.~~3257994~~6470874 First Allocation of Principal ~~4,405,223~~0.8400 70.~~8410856~~0000000 Second Allocation of Principal ~~22,401,223~~0.8400 390.~~8730963~~0000000 Third Allocation of Principal 327,~~091~~337,~~223~~212.8477 5713.~~1208282~~0598843 Class A-1 Interest Carryover Shortfall 0.00 0.0000000 Class A-2 Interest Carryover Shortfall 0.00 0.0000000 Class B Interest Carryover Shortfall 0.00 0.0000000 Class C Interest Carryover Shortfall 0.00 0.0000000 Class D Interest Carryover Shortfall 0.00 0.0000000 Note Balance Class A-1 Notes: ~~366~~346,~~067~~706,~~479~~759.4843 Class A-2 Notes: 113,714,000.00 Class B Notes: 17,996,000.00 Class C Notes: 9,690,000.00 Class D Notes: 12,238,000.00 Note Pool Factor Class A-1 Notes: 0.~~8968395~~8494071 Class A-2 Notes: 1.0000000 Class B Notes: 1.0000000 Class C Notes: 1.0000000 Class D Notes: 1.0000000 Servicing Fee ~~908~~431,~~237~~236.1748 10.~~6166183~~7675801 Servicing Reimbursement Amount ~~222~~207,~~624~~693.1161 0.~~3962602~~3696846 Owner Trustee Fee 833.33 0.0014833 Indenture Trustee Fee 1,458.33 0.0025958

Pool Balance 500,130,266.71 Realized Losses 38,928.75 Cram Down Losses 0.00 Repossessed Receivables 667,945.01 Defaulted Receivables or Repurchased Receivables 90,811.83 Receivables granted extensions 4,570,124.19 Repurchase Amounts 0.00 Principal Balance of Receivables that were delinquent 30 to 59 days: 3,110,252.82 60 to 89 days: 987,794.55 90 days or more: 533,118.67 Overcollateralization Target Amount for next Distribution Date 10,002,605.33 Cumulative Net Loss Ratio as of related Determination Date 0.01% Six-Month Annualized Net Loss Ratio as of related Determination Date 0.09% Three-Month Annualized Net Loss Ratio as of related Determination Date 0.09% Pool Delinquency Percentage as of related Determination Date 0.74%

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