
		Wachovia Commercial Mortgage, Inc. Series 1999-1 Trust Administrator’s Certificate		Record Date: 12/31/2004 Determination Date: 01/12/2005 Distribution Date: 01/18/2005


				Original		Beginning						Current		Total Class				Ending
	Certificate			Certificate		Certificate						Realized		Principal		Total		Certificate
Class	Rate			Balance		Balance		Interest		Principal		Loss		Distribution		Distribution		Balance

AS-1		0.0000	%		137,788,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Factors per Thousand									0.00000000		0.00000000				0.00000000		0.00000000		0.00000000

AS-2		0.0000	%		141,057,000.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Factors per Thousand									0.00000000		0.00000000				0.00000000		0.00000000		0.00000000

AS-3		2.4700	%		190,443,000.00		186,268,000.00		434,521.85		2,200,000.00		0.00		2,200,000.00		2,634,521.85		184,068,000.00
Factors per Thousand									2.28163729		11.55201294				11.55201294		13.83365023		966.52541705

MS-1		3.2525	%		22,084,000.00		15,189,961.27		46,660.61		214,719.05		0.00		214,719.05		261,379.66		14,975,242.22
Factors per Thousand									2.11286950		9.72283327				9.72283327		11.83570277		678.10370494

MS-2		3.6525	%		23,463,000.00		16,708,215.35		57,636.38		797,020.50		0.00		797,020.50		854,656.88		15,911,194.85
Factors per Thousand									2.45647956		33.96924946				33.96924946		36.42572902		678.13983080

BS		5.4025	%		12,423,000.00		8,845,525.77		45,133.07		421,952.02		0.00		421,952.02		467,085.09		8,423,573.75
Factors per Thousand									3.63302503		33.96538839				33.96538839		37.59841343		678.06276664

Pool I					527,258,000.00		227,011,702.39		583,951.91		3,633,691.57		0.00		3,633,691.57		4,217,643.48		223,378,010.82
Totals									1.10752594		6.89167650				6.89167650		7.99920244		423.65978481



AN		2.9025	%		55,395,000.00		16,387,638.71		44,922.61		487,095.71		0.00		487,095.71		532,018.32		15,900,543.00
Factors per Thousand									0.32602701		3.53510980				8.79313492		9.60408557		287.03931763

MN		3.6525	%		2,229,000.00		1,313,513.03		4,531.07		39,042.03		0.00		39,042.03		43,573.10		1,274,471.00
Factors per Thousand									0.03288436		0.28334852				17.51548949		19.54827277		571.76805742

BN		5.4025	%		4,457,000.00		4,109,405.93		20,967.67		448,320.87		0.00		448,320.87		469,288.54		3,661,085.06
Factors per Thousand									0.15217341		3.25370040				100.58803484		105.29247027		821.42361678

Pool II					62,081,000.00		21,810,557.67		70,421.35		974,458.61		0.00		974,458.61		1,044,879.96		20,836,099.06
Totals									0.13356146		1.84816277				15.69656748		16.83091381		335.62763261



Totals					589,339,000.00		248,822,260.06		654,373.26		4,608,150.18		0.00		4,608,150.18		5,262,523.44		244,214,109.88



HSBC Bank USA
Issuer Services		Susie Moy
10 East 40th Street, 14th Floor		Phone: 212-525-1362
New York, NY 10016-0200		Fax: 212-525-1300


		Wachovia Commercial Mortgage, Inc. Series 1999-1 Trust Administrator’s Certificate		Record Date: 12/31/2004 Determination Date: 01/12/2005 Distribution Date: 01/18/2005

Certificate Information


						Interest		Applied				Unpaid
	Interest		Remittance			Shortfall		Realized Loss		Realized Loss		Realized Loss
Class	Requirement		Rate			Carryforward		Amount		Amount		Amount
AS-1		0.00		0.0000	%		0.00		0.00		0.00		0.00
AS-2		0.00		0.0000	%		0.00		0.00		0.00		0.00
AS-3		434,521.85		2.4700	%		0.00		0.00		0.00		0.00
MS-1		46,660.61		3.2525	%		0.00		0.00		0.00		0.00
MS-2		57,636.38		3.6525	%		0.00		0.00		0.00		0.00
BS		45,133.07		5.4025	%		0.00		0.00		0.00		0.00

AN		44,922.61		2.9025	%		0.00		0.00		0.00		0.00
MN		4,531.07		3.6525	%		0.00		0.00		0.00		0.00
BN		20,967.67		5.4025	%		0.00		0.00		0.00		0.00



HSBC Bank USA
Issuer Services		Susie Moy
10 East 40th Street, 14th Floor		Phone: 212-525-1362
New York, NY 10016-0200		Fax: 212-525-1300


		Wachovia Commercial Mortgage, Inc. Series 1999-1 Trust Administrator’s Certificate		Record Date: 12/31/2004 Determination Date:01/12/2005 Distribution Date: 01/18/2005

Pool I

Schedule of Remittance


Aggregate Amount Received	4,643,588.77
Monthly Advances	0.00
Transfer from Rounding Account	2,685.59
Reimburse Rounding Account	(3,704.33	)
(Servicing Fee)	(85,506.76	)
(Unreimbursed Monthly Advances)	0.00

*Available Remittance Amount*	4,557,063.27


Bond Interest Distributed	583,951.91
Bond Principal Distributed	3,633,691.57
Escrow Fee	28,376.46
Amounts transferred to the Owner Trustee	311,043.33

	4,557,063.27

Collateral Information


Accelerated Principal Distribution		0.00
Aggregate Beginning Principal Balance of Loans		252,571,802.48
Aggregate Ending Principal Balance of Loans		249,587,370.29
Principal Prepayments (No. / Amt)	5	2,470,190.50
Curtailments		13,337.93
Excess and Monthly Payments		500,903.76
Recoveries on Previous Realized Losses		292,573.06
Interest Received		1,366,583.52
Compensating Interest		157.68
Realized Losses (Current / Cumulative)	0.00	33,418,076.19
Excess Spread		961,321.45
Spread Amount		26,209,359.47
Specified Subordinated Amount		26,206,673.88

Weighted Average Loan Interest Rate		6.3860	%
LIBOR Rate		2.4025	%
Auction Rate		2.4700	%

Prior Three Months Weighted Average Loan Interest Rate


09/30/04	10/31/04	11/30/04
6.0744%	6.3817%	6.3811%



HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia Commercial Mortgage, Inc. Series 1999-1 Trust Administrator’s Certificate		Record Date: 12/31/2004 Determination Date: 01/12/2005 Distribution Date: 01/18/2005

Pool II

Schedule of Remittance


Aggregate Amount Received	1,052,177.70
Monthly Advances	0.00
(Servicing Fee)	(6,388.97	)
(Unreimbursed Monthly Advances)	0.00

*Available Remittance Amount*	1,045,788.73


Bond Interest Distributed	70,421.35
Bond Principal Distributed	974,458.61
Escrow Fee	908.77
Amounts transferred to the Owner Trustee	0.00

	1,045,788.73

Collateral Information


Accelerated Principal Distribution		230,801.04
Aggregate Beginning Principal Balance of Loans		25,019,295.74
Aggregate Ending Principal Balance of Loans		24,275,638.17
Principal Prepayments (Number / Amount)	2	517,779.64
Curtailments		0.00
Excess and Monthly Payments		225,877.93
Recoveries on Previous Realized Losses		194,002.06
Interest Received		114,518.07
Compensating Interest		510.22
Realized Losses (Current / Cumulative)	0.00	8,782,100.21
Excess Spread		230,801.04
Spread Amount		4,551,682.16
Specified Subordinated Amount		4,551,682.16
LOC Available Amount		1,112,143.05
LOC Available Amount as percentage of Pool Principal Balance		5.34	%

Weighted Average Loan Interest Rate		6.6454	%
LIBOR Rate		2.4025	%

Prior Three Months Weighted Average Loan Interest Rate


09/30/04	10/31/04	11/30/04
6.1716%	6.6468%	6.6395%



HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia Commercial Mortgage, Inc. Series 1999-1 Trust Administrator’s Certificate		Record Date: 12/31/2004 Determination Date: 01/12/2005 Distribution Date: 01/18/2005

Exhibit L


	Outstanding Balance — Pool I				249,587,370.29
	# Accounts				375


Delinquent Information	# Loans		Pool Amount		Pool %

Delinquent 1-29 Days		186		133,812,955.00		53.61	%
Delinquent 30-59 Days		4		2,193,025.42		0.88	%
Delinquent 60-89 Days		4		3,332,716.66		1.34	%
Delinquent 90 and Over		4		3,680,487.64		1.48	%

Loans in Foreclosure		0		0.00		0.00	%
REO Property		0		0.00		0.00	%

Totals		198		143,019,184.72		57.30	%


	Outstanding Balance — Pool II				24,275,638.17
	# Accounts				80


Delinquent Information	# Loans		Pool Amount		Pool %

Delinquent 1-29 Days		36		11,984,778.03		49.37	%
Delinquent 30-59 Days		0		0.00		0.00	%
Delinquent 60-89 Days		0		0.00		0.00	%
Delinquent 90 and Over		1		300,600.42		1.24	%

Loans in Foreclosure		0		0.00		0.00	%
REO Property		0		0.00		0.00	%

Totals		37		12,285,378.45		50.61	%



HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia Commercial Mortgage, Inc. Series 1999-1 Trust Administrator’s Certificate		Record Date: 12/31/2004 Determination Date: 01/12/2005 Distribution Date: 01/18/2005

Series 1999-1

The following additional information, presented in dollars, pursuant to Section 7.10 subclauses (ii), (iii), (v), (vi), (vii), (viii), and (xv) is provided for each Class per $1,000 original dollar amount as of the Cut-off date.


Sub-Clause	Class AS-1		Class AS-2		Class AS-3		Class MS-1		Class MS-2		Class BS		Pool I
(ii)		0		0		978		688		712		712		431
(iii)		0		0		12		10		34		34		7
(v)		0		0		2		2		2		4		1
(vi)		0		0		13		0		0		0		5
(vii)		0		0		0		0		0		0		0
(viii)		0		0		3		0		0		0		1
(xv) (a, b & c)		0		0		967		678		678		678		424


Sub-Clause	Class AN		Class MN		Class BN		Pool II
(ii)		296		589		922		351
(iii)		9		18		101		16
(v)		1		2		5		1
(vi)		9		0		0		8
(vii)		0		0		0		0
(viii)		4		0		0		4
(xv) (a, b & c)		287		572		821		336



HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia Commercial Mortgage, Inc. Series 1999-1 Trust Administrator’s Certificate		Record Date: 12/31/2004 Determination Date: 01/12/2005 Distribution Date: 01/18/2005

I, Stephanie Hartson, Assistant Vice President, represent that Wachovia Commercial Mortgage, Inc., complied with section 7.10 of the Sale and Servicing Agreement dated May 31, 1999 pertaining to Series 1999-1 in preparing the accompanying Trust Administrator’s Certificate.

Wachovia Commercial Mortgage, Inc.


By: /s/ Stephanie Hartson


Name: Stephanie Hartson
Title: Assistant Vice President



HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300

WACHOVIA COMMERCIAL MORTGAGE INC 1999-1 8-K