SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934, as amended
Date of Report: June 7, 2004
(date of earliest event reported)
WACHOVIA ASSET SECURITIZATION ISSUANCE, LLC
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(Exact name of Registrant as Specified in Charter)
North Carolina 333-109298 56-1967773
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of Incorporation) File Number) Identification Number)
One Wachovia Center
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301 South College Street, Suite D
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Charlotte, North Carolina 28288
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(Address of Principal Executive Offices)
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(Zip Code)
Registrant's telephone number, including area code: (704) 374-4868
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Items 1 through 6 and Item 8 are not included because they are not applicable.
Item 7. Financial Statements and Exhibits.
---------------------------------
Information and Exhibits.
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(a) Financial Statements of businesses acquired.
Not applicable.
(b) Pro Forma financial information.
Not applicable.
(c) Exhibit No. Description
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25 Form T-1 Statement of Eligibility under
the Trust Indenture Act of 1939, as
amended. (Certain exhibits to Form T-1
are incorporated by reference to Exhibit
25).
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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 hereunto duly authorized.
WACHOVIA ASSET SECURITIZATION ISSUANCE,
LLC
By: /s/ Robert Perret
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Name: Robert Perret
Title: Vice President
Date: June 7, 2004
Exhibit Index
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Exhibit Description Page
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25 Form T-1 Statement of Eligibility under the Trust 5
Indenture Act of 1939, as amended. (Certain
exhibits to Form T-1 are incorporated by reference
to Exhibit 25).
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
FORM T-1
Statement of Eligibility Under
The Trust Indenture Act of 1939 of a
Corporation Designated to Act as Trustee
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
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U.S. BANK NATIONAL ASSOCIATION (Exact
name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
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60 Livingston Avenue
St. Paul, Minnesota 55107
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(Address of principal executive offices) (Zip Code)
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Shannon Rantz
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3850
(Name, address and telephone number of agent for service)
WACHOVIA ASSET SECURITIZATION ISSUANCE, LLC
(Issuer with respect to the Securities)
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North Carolina 56-1967773
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
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One Wachovia Center 28288
301 South College Street, Suite D
Charlotte, North Carolina
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(Address of Principal Executive Offices) (Zip Code)
Wachovia Asset Securitization Issuance, LLC Asset-Backed Notes, Series 2004-HE1
(Title of the Indenture Securities)
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FORM T-1
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Item 1. GENERAL INFORMATION. Furnish the following information as to the
Trustee.
a) Name and address of each examining or supervising authority
to which it is subject. Comptroller of the Currency
Washington, D.C.
b) Whether it is authorized to exercise corporate trust powers.
Yes
Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the
Trustee, describe each such affiliation. None
Items 3-15 Items 3-15 are not applicable because to the best of the
Trustee's knowledge, the obligor is not in default under any
Indenture for which the Trustee acts as Trustee.
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to
commence business.*
3. A copy of the certificate of authority of the Trustee to
exercise corporate trust powers.*
4. A copy of the existing bylaws of the Trustee.*
5. A copy of each Indenture referred to in Item 4. Not
applicable.
6. The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of March 31, 2004,
published pursuant to law or the requirements of its
supervising or examining authority, attached as Exhibit 7.
* Incorporated by reference to Registration Number 333-67188.
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NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility and qualification to be
signed on its behalf by the undersigned, thereunto duly authorized, all in the
City of St. Paul, State of Minnesota on the 7th of June, 2004.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Shannon M. Rantz
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Name: Shannon M. Rantz
Title: Vice President
By: /s/ Mark D. Feciskonin
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Name: Mark D. Feciskonin
Title: Trust Officer
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Exhibit 6
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CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: June 7, 2004
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Shannon M. Rantz
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Name: Shannon M. Rantz
Title: Vice President
By: /s/ Mark D. Feciskonin
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Name: Mark D. Feciskonin
Title: Trust Officer
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Exhibit 7
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U.S. Bank National Association
Statement of Financial Condition
As of 3/31/2004
($000's)
3/31/2004
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Assets
Cash and Due From Depository Institutions $7,180,778
Federal Reserve Stock 0
Securities 45,038,794
Federal Funds 2,593,702
Loans & Lease Financing Receivables 116,474,594
Fixed Assets 1,789,213
Intangible Assets 10,532,022
Other Assets 7,996,466
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Total Assets $191,605,569
Liabilities
Deposits $126,605,087
Fed Funds 5,698,785
Treasury Demand Notes 3,981,328
Trading Liabilities 252,912
Other Borrowed Money 23,295,560
Acceptances 148,067
Subordinated Notes and Debentures 5,807,310
Other Liabilities 5,587,914
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Total Liabilities $171,376,963
Equity
Minority Interest in Subsidiaries $1,005,645
Common and Preferred Stock 18,200
Surplus 11,677,397
Undivided Profits 7,527,364
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Total Equity Capital $20,228,606
Total Liabilities and Equity Capital $191,605,569
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To the best of the undersigned's determination, as of the date hereof, the above
financial information is true and correct.
U.S. Bank National Association
By: /s/ Shannon M. Rantz
----------------------------
Name: Shannon M. Rantz
Title: Vice President
Date: June 7, 2004
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