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 20, 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 6 and Item 8 are not included because they are not applicable.

Item 7. Financial Statements and Exhibits.

Information and Exhibits.

(a)	Financial Statements of businesses acquired.

Not applicable.

(b)	Pro Forma financial information.

Not applicable.

(c)

Exhibit No.

25

Description

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).

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 20, 2003

EXHIBIT INDEX

Exhibit No.

25

Description

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).

Page

5

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)___
_______________________________________________________

U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

180 East Fifth Street
St. Paul, Minnesota
(Address of principal executive

55101
(Zip Code)

Eve D. Kaplan
U.S. Bank National Association
180 East Fifth Street
St. Paul, MN 55101
(651) 244-0727
(Name, address and telephone number of agent for service)

Wachovia Asset Securitization, Inc.
(Exact name of Registrant as specified in its charter)

North Carolina

(State or other jurisdiction of incorporation or organization)

56-1967773

(I.R.S. Employer Identification No.)

One Wachovia Center
301 South College Street
Charlotte, North Carolina

28288

Address of Principal Executive Offices)

(Zip Code)

Wachovia Asset Securitization, Inc. Asset-Backed Notes, Series 2003-HE2
(Title of the Indenture Securities)

FORM T-1

Item 1.

GENERAL INFORMATION. Furnish the following information as to the Trustee.

Name and address of each examining or supervising authority to which it is subject.
Comptroller of the Currency
Washington, D.C.

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.

A copy of the Articles of Association of the Trustee.*

A copy of the certificate of authority of the Trustee to commence business.*

A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

A copy of the existing bylaws of the Trustee.*

A copy of each Indenture referred to in Item 4. Not applicable.

The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

Report of Condition of the Trustee as of December 31, 2002, 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.

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 20th day of June, 2003.

U.S. BANK NATIONAL ASSOCIATION

By:       /s/ Eve D. Kaplan
          Eve D. Kaplan
          Vice President

By:       /s/ Sheryl Christopherson
          Sheryl Christopherson
          Vice President

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 20, 2003

U.S. BANK NATIONAL ASSOCIATION

By:       /s/ Eve D. Kaplan
          Eve D. Kaplan
          Vice President

By:       /s/ Sheryl Christopherson
          Sheryl Christopherson
          Vice President

Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 3/31/2003

($000's)

Assets

Cash and Due From Depository Institutions
Federal Reserve Stock
Securities
Federal Funds
Loans & Lease Financing Receivables
Fixed Assets
Intangible Assets
Other Assets

Total Assets

$9,084839
0
30,038,992
833,567
115,894,797
1,462,006
9,080,815
11,583,795
___________________
$177,978,811

Liabilities

Deposits
Fed Funds
Treasury Demand Notes
Trading Liabilities
Other Borrowed Money
Acceptances
Subordinated Notes and Debentures
Other Liabilities

Total Liabilities

$121,508,878
3,820,981
0
454,575
21,082,000
139,821
5,694,952
5,164,656
___________________
$157,865,863

Equity

Minority Interest in Subsidiaries
Common and Preferred Stock
Surplus
Undivided Profits

Total Equity Capital

Total Liabilities and Equity Capital

$993,907
18,200
11,015,123
8,085,718
___________________
$20,112,948

$177,978,811

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

To U.S. Bank National Association

By: /s/ Eve D. Kaplan
Vice President

Date: June 20, 2003

SIGNATURES

EXHIBIT INDEX

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM T-1

Wachovia Asset Securitization, Inc. Asset-Backed Notes, Series 2003-HE2 (Title of the Indenture Securities)

FORM T-1

NOTE

SIGNATURE

Exhibit 6 CONSENT

To U.S. Bank National Association

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Wachovia Asset Securitization, Inc. Asset-Backed Notes, Series 2003-HE2
(Title of the Indenture Securities)

Exhibit 6

CONSENT

WACHOVIA ASSET SECURITIZATION INC 8-K