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, 2001 BANC ONE HELOC TRUST 1999-1 (Exact name of registrant as specified in its charter) United States 333-59845-01 36-7282500 (State or Other 	(Commission File	(I.R.S Employer Jurisdiction of 	 Number)		Identification Incorporation					Number) c/o Bank One, National Association Corporate Trust Services Division - 1 N. State Street, 9th Floor Chicago IL (Address of Principal Executive Offices) 60670 (Zip Code) Registrant's telephone number, including area code:		312-336-9730 Item 5.	Other Events On behalf of Banc One HELOC Trust 1999-1, a Trust created pursuant to the Pooling Agreement, dated May 31, 1999, the Paying Agent has caused to be filed with the Commission, the Monthly Report dated December 20, 2001. The Monthly Report is filed pursuant to and in accordance with (1) numerous no-action letters (2) current Commission policy in the area. The filing of the Monthly Report will occur subsequent to each monthly distribution to the holders of the Trust's Investor Certificates. A.	Monthly Report Information: Aggregate distribution information 	for the current distribution date December 20, 2001. 		 Principal		 Interest	 Ending Balance Cede & Co.	$9,218,772.41 $522,897.39	 $256,379,902.41 B.	No delinquency in payment under the Transferor Certificate, or 	the MBIA Insurance Policy has occurred. C.	Have any deficiencies occurred? NO. Date: Amount: D.	Were any amounts paid or are any amounts payable under the 	MBIA Insurance Policy? NO Amount: E.	Are there any developments with respect to the MBIA Insurance 	Policy? NONE. F.	Item 1: Legal Proceedings: NONE G.	Item 2: Changes in Securities: NONE H.	Item 4: Submission of Matters to a Vote of Security Holders: NONE I.	Item 5: Other Information - Items 1, 2, 4, 5 if applicable: NOT 	APPLICABLE Item 7.	Monthly Statements and Exhibits Exhibit No. 1. Monthly Statement to Certificateholders dated December 20, 2001 	Statement to Certificateholders (Page 1 of 2) Statement to Certificateholders (Page 1 of 2) Distribution Date:						12/20/01 	INVESTOR CERTIFICATES DISTRIBUTION SUMMARY 	(PER $1000 ORIGINAL PRINCIPAL AMOUNT) A.	INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS 	Investor Certificate Interest Distributed		1.045795 	Investor Certificate Interest Shortfall Distributed	0.000000 	Remaining Unpaid Investor Certificate Interest Shortfall	0.000000 	Managed Amortization Period ? (Yes=1; No=0)	1 	Investors Certificate Principal Distributed		18.437545 	 Principal Distribution Amount			18.133966 	 Maximum Principal Payment			27.172376 	 Alternative Principal Payment			18.133966 	 Principal Collections less Additional Balances	18.133966 	 Investor Loss Amount Distributed to Investors	0.257600 	 Accelerated Principal Distribution Amount		0.045979 	 Credit Enhancement Draw Amount		0.00 	Total Amount Distributed to Certificateholders (P & I)	19.483340 B.	INVESTOR CERTIFICATE PRINCIPAL BALANCE 	Beginning Investor Certificate Balance	265,598,674.82 	Ending Investor Certificate Balance		256,379,902.41 	Beginning Invested Amount		273,664,513.54 	Ending Invested Amount			264,468,730.58 	Investor Certificateholder Floating Allocation Percentage	96.4354% 	Pool Factor	0.5127598 	Liquidation Loss Amount for Liquidated Loans	133,560.72 	Unreimbursed Liquidation Loss Amount	0.00 C.	POOL INFORMATION 	Beginning Pool Balance	283,780,138.40 	Ending Pool Balance	274,579,594.54 	Servicing Fee		118,241.72 D.	INVESTOR CERTIFICATE RATE 	Investor Certificate Rate	2.362500% 	LIBOR Rate	2.102500% 	Maximum Rate	5.769673% E.	DELINQUENCY & REO STATUS 	Delinquent 30-59 days 	 No. of Accounts	131 	 Trust Balances		3,873,553.00 	Delinquent 60-89 days 	 No. of Accounts	53 	 Trust Balances		1,590,261.00 	Delinquent 90+ days 	 No. of Accounts	91 	 Trust Balances		3,167,230.00 	Delinquent 9+ Months 	 No. of Accounts	0 	 Trust Balances		0.00 	REO 	 No. of Accounts	0 	 Trust Balances		0.00 Statement to Certificateholders (Page 2 of 2) Distribution Date:						12/20/01 	IN WITNESS WHEREOF, the undersigned has caused this Certificate to be 	duly executed and certifies to the best of her knowledge and belief that 	information is true and correct this 17th day of December, 2001 		 Bank One, N.A. 		 as Servicer 			/s/ Tracie Klein 		 _______________________________________ 		 Tracie Klein 		 Vice President 	Distribution List: 	" Keith Richardson - Bank One, N.A." SIGNATURES 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. BANC ONE HELOC TRUST 1999-1 By:	/s/ Keith Richardson Name:	Keith Richardson Dated December 20, 2001