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):
December 20, 2004
January 20, 2005
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 November 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.
Information for the December 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 ~~November~~December 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: December 20, 2004
			Date: January 20, 2004
			By: /s/ GRETCHEN HEFNER
			Name: Gretchen Hefner
			Title: Vice President
EXHIBIT INDEX
				Sequential Page Number
Exhibit
		Monthly reports for the November 2004 Monthly Period relating to the Fleet Home Equity Loan Asset Backed Notes Series 2003-1.
		Monthly reports for the December 2004 Monthly Period relating to the Fleet Home Equity Loan Asset Backed Notes Series 2003-1.
20.				3

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