Date of Report (date of earliest event reported):



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):

August 20, 2004

Fleet Home Equity Loan, LLC

*on behalf of*

Fleet Home Equity Loan Trust 2003-1

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

	Delaware	Reg. No.333-53662	04-3544150

	(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

100 Federal Street

Boston, Massachusetts 02110

(Address of Principal Executive Offices)

(617) 434-2200

(Registrant's telephone number including area code)

Item 5. OTHER EVENTS

Information for the July 2004 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 7. FINANCIAL STATEMENTS AND EXHIBITS

(c) EXHIBITS:

20.	Monthly reports for the July 2004 Monthly Period relating to the Fleet Home Equity Loan Asset Backed Notes Series 2003-1.


SIGNATURE

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.

				Fleet Home Equity Loan, LLC

				on behalf of

				Fleet Home Equity Loan Trust 2003-1

		Date:		By: /s/ GRETCHEN HEFNER
			August 20, 2004

				Name: Gretchen Hefner

				Title: Vice President

EXHIBIT INDEX
					Sequential Page Number
Exhibit


		Monthly reports for the July 2004 Monthly Period relating to the Fleet Home Equity Loan Asset Backed Notes Series 2003-1.
20.					3

(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

June 21, 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 May 2004 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. FINANCIAL STATEMENTS AND EXHIBITS

20.

Monthly reports for the May 2004 Monthly Period relating to the Fleet Home Equity Loan Asset Backed Notes Series 2003-1.

By: /s/ JEFFREY A. LIPSON

Monthly reports for the May 2004 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

June 21, 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

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