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: February 12, 2003
(Date of earliest event reported)

Commission File No. 333-97457



                       Wachovia Asset Securitization, Inc.
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     North Carolina                                      56-1967773
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(State of Incorporation)                    (I.R.S. Employer Identification No.)



8739 Research Drive, NC0121-Suite D, Charlotte, North Carolina, 28288
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Address of principal executive offices                        (Zip Code)



                                 (704) 596-7616
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               Registrant's Telephone Number, including area code



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              (Former name, former address and former fiscal year,
                          if changed since last report)



ITEM 5.     Other Events
            ------------

            Attached as an exhibit are the Collateral Term Sheets (as defined in
the no-action letter dated February 17, 1995 issued by the Securities and
Exchange Commission to the Public Securities Association) prepared by Wachovia
Securities, Inc. which are hereby filed pursuant to such letters.







ITEM 7.       Financial Statements and Exhibits
              ---------------------------------

              (c) Exhibits

Item 601(a)
of Regulation S-K
Exhibit No.                                     Description
- -----------------                               -----------

      (99)                                      Collateral Term Sheets
                                                prepared by Wachovia
                                                Securities, Inc. in connection
                                                with Wachovia Asset
                                                Securitization, Inc., Mortgage
                                                Pass-Through Certificates,
                                                Series 2003-AR1








            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.

                                   WACHOVIA ASSET SECURITIZATION, INC.


February 12, 2003

                                   By:   /s/ Robert J. Perret
                                         ---------------------------------
                                         Robert J. Perret
                                         Director





                                INDEX TO EXHIBITS
                                -----------------


                                                            Paper (P) or
Exhibit No.             Description                         Electronic (E)
- -----------             -----------                         --------------

   (99)                 Collateral Terms Sheets                   E
                        prepared by Wachovia
                        Securities, Inc. in connection
                        with Wachovia Asset
                        Securitization, Inc., Mortgage Pass-
                        Through Certificates, Series 2003-AR1