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, as amended

Date of Report: June 2, 2003
(date of earliest event reported)

WACHOVIA ASSET SECURITIZATION, INC.
(Exact name of Registrant as Specified in Charter)

North Carolina

333-97457

56-1967773

(State or Other
Jurisdiction of Incorporation)

(Commission
File Number)

(IRS Employer
Identification Number)

One Wachovia Center
301 South College Street
Charlotte, North Carolina 28288
(Address of Principal Executive Offices)
(Zip Code)

Registrant's telephone number, including area code: (704) 374-2702

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Items 1 through 4, Item 6, Item 8 and Item 9 are not included because they are not applicable.

Item 5. Other Events.

Filing of Computational Materials

In connection with the proposed offering of the Wachovia Asset Securitization, Inc. Asset-Backed Notes, Series 2003-HE2 (the “Notes”), Wachovia Securities, as underwriter (the “Underwriter”), have prepared certain materials (the “Computational Materials”) for distribution to potential investors. Although Wachovia Asset Securitization, Inc. (the “Company”) provided the Underwriter with certain information regarding the characteristics of the mortgage loans (the “Mortgage Loans”) in the related portfolio, the Company did not participate in the preparation of the Computational Materials.

For purposes of this Form 8-K, “Computational Materials” shall mean computer generated tables and/or charts displaying, with respect to the Notes, any of the following: yield; average life; duration, expected maturity; interest rate sensitivity; loss sensitivity; cash flow characteristics; background information regarding the Mortgage Loans; the proposed structure; decrement tables; or similar information (tabular or otherwise) of a statistical, mathematical, tabular or computational nature. The Computational Materials listed as Exhibits 99.1 and 99.2 hereto are filed herewith.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

99.1 Computational Materials.

99.2 Computational Materials.

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, INC.

By:  /s/Robert Perret
        Name: Robert Perret
        Title: Vice President

Date: June 2, 2003

EXHIBIT INDEX

Exhibit No.

Description of Exhibit

99.1

99.2

Computational Materials.

Computational Materials.

Filing Compare · WACHOVIA ASSET SECURITIZATION ISSUANCE LLC