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): April 21, 2003

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 April 21, 2003.
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 April 21, 2003.
		 Principal		   Interest	       Ending Balance
Cede & Co.	$4,849,819.02	$ 219,981.26	$170,671,026.80



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 Certificate holders dated
April 21, 2003

Statement to Certificateholders (Page 1 of 2)
Distribution Date: 4/21/03
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY
(PER $1000 ORIGINAL PRINCIPAL AMOUNT)
A. INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS
Investor Certificate Interest Distributed 0.439963
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 9.699638
Principal Distribution Amount 9.752064
Maximum Principal Payment 16.461108
Alternative Principal Payment 9.752064
Principal Collections less Additional Balances 9.752064
Investor Loss Amount Distributed to Investors 0.273402
Accelerated Principal Distribution Amount -0.325828
Credit Enhancement Draw Amount 0.00
Total Amount Distributed to Certificateholders (P & I) 10.139601
B. INVESTOR CERTIFICATE PRINCIPAL BALANCE
Beginning Investor Certificate Balance 160,310,230.10
Ending Investor Certificate Balance 155,460,411.08
Beginning Invested Amount 165,695,328.27
Ending Invested Amount 160,682,595.43
Investor Certificateholder Floating Allocation Percentage 94.3101%
Pool Factor 0.3109208
Liquidation Loss Amount for Liquidated Loans 144,948.34
Unreimbursed Liquidation Loss Amount 0.00
C. POOL INFORMATION
Beginning Pool Balance 175,692,007.04
Ending Pool Balance 170,671,026.80
Servicing Fee 73,205.00
D. INVESTOR CERTIFICATE RATE
Investor Certificate Rate 1.543750%
LIBOR Rate 1.283750%
Maximum Rate 4.431479%
E. DELINQUENCY & REO STATUS
Delinquent 30-59 days
No. of Accounts 84
Trust Balances 2,388,925.87
Delinquent 60-89 days
No. of Accounts 30
Trust Balances 1,161,502.86
Delinquent 90+ days
No. of Accounts 95
Trust Balances 3,669,280.97
Delinquent 9+ Months
No. of Accounts 0
Trust Balances 0
REO
No. of Accounts 0
Trust Balances 0.00

IN WITNESS WHEREOF, the undersigned has caused this Certificate to be
duly executed and certifies to the best of his knowledge and belief
that information is true and correct this 16th day of April 2003

		       Bank One, N.A.
		       as Servicer

			/s/ Michael J. Grubb
		       _______________________________________

			 Michael J. Grubb
		       First 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/ Michael J. Grubb
Name:	Michael J. Grubb
Dated April 21, 2003