Date of Report (date of earliest event reported):

(Commission File

Number)

(I.R.S. Employer

Identification Number)

(State or other jurisdiction of

incorporation)

(Exact Name of the Registrant as Specified in its charter)

100 Federal Street

(Address of Principal Executive Offices)

(617) 434-2200

Boston, Massachusetts 02110

(Registrant's telephone number including area code)

Securities Exchange Act of 1934

UNITED STATES

Pursuant to Section 13 or 15(d) of the

January 20, 2004

Fleet Home Equity Loan, LLC

Reg. No.333-53662

04-3544150

Delaware

Fleet Home Equity Loan Trust 2003-1

on behalf of

Information for the December 2003 Monthly Period is presented for the Fleet Home Equity

Loan Trust, Series 2003-1 Noteholders under the Sale and Servicing Agreement dated as of

April 15, 2003, between Fleet Home Equity Loan Trust 2003-1, a Delaware statutory trust,

Fleet National Bank, a national banking association, as Seller and as Servicer, Fleet Home

Equity Loan, LLC, a Delaware limited liability company, as Depositor, and U.S. Bank National

Association, a national banking association, as Indenture Trustee.

Item 5. OTHER EVENTS

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Item 7. FINANTIAL STATEMENTS AND EXHIBITS

20.

Monthly reports for the December 2003 Monthly Period relating to the Fleet Home

Equity Loan Asset Backed Notes Series 2003-1.

By: /s/ JEFFREY A. LIPSON

Monthly reports for the December 2003 Monthly Period relating to the

Fleet Home Equity Loan Asset Backed Notes Series 2003-1.

20.

Sequential

Page

Number

Exhibit

EXHIBIT INDEX

SIGNATURE

Name: Jeffrey A. Lipson

Fleet Home Equity Loan Trust 2003-1

on behalf of

January 20, 2004

Date:

Fleet Home Equity Loan, LLC

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.

Title: Vice President

FLEET HOME EQUITY LOAN LLC 8-K