8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 report) April 15, 2003

First Union National Bank (as Representative under a Sale and
Servicing Agreement dated as of May 31, 1999 providing for the issuance
of The Money Store Commercial Mortgage, Inc. Trust, Series 1999-1) and each of the
Originators
listed on Schedule A attached hereto.

(Exact name of registrant as specified in its charter)

*	333-32775	*
State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer ID Number)

c/o First Union National Bank, 401 South Tryon Street – NC1179 Charlotte, NC 28288
(Address of principal executive officer)

Registrant’s Telephone Number, including area code: (916) 617-2628

(Former name or former address, if changed since last report)

•     See Schedule A

Item 5	Other Events
	Attached herein as Exhibit 20.1 hereto is a copy of the Monthly Statements sent to the Note holders with respect to the April 15, 2003 Remittance Date.
Item 7	Financial Statements and Exhibits

Item 601 (a) of Regulation
S-K Exhibit Number

20.1 Monthly Statements to the Note holders with respect to the April 15, 2003 Remittance Date.

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.

FIRST UNION NATIONAL BANK
By: \s\ Stephanie Callahan Name: Stephanie Callahan Title: Assistant Vice President	Dated: April 15, 2003

Exhibit Index

20.1 Monthly Statements sent to the Note holders with respect to the April 15, 2003 Remittance Date.

Schedule A

	State of	IRS Employer
Registrant	Incorporation	ID Number
TMS Mortgage Inc.	New Jersey		22-3217781
The Money Store/D.C. Inc.	D.C		22-2133027
The Money Store/Kentucky Inc.	Kentucky		22-2459832
The Money Store Home Equity Corp.	Kentucky		22-2522232
The Money Store/Minnesota Inc.	Minnesota		22-3003495

EX-20.1 3 g82125exv20w1.htm EX-20.1 MONTHLY STATEMENTS

TRUST ADMINISTRATOR’S CERTIFICATE

IN ACCORDANCE WITH SECTION 7.10 OF THE SALE AND SERVICING AGREEMENT DATED AS OF MAY 31,1999, WACHOVIA COMMERCIAL MORTGAGE, INC., * REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1999-1 FOR THE APRIL 10, 2003 DETERMINATION DATE

				POOL I			POOL II
1. AGGREGATE AMOUNT RECEIVED				$	6,421,952.12		$	539,888.52
		ADJ: RECALCULATION			0.00			0.00
					6,421,952.12			539,888.52
	LESS: SERVICING FEE				134,714.38			13,144.73
			UNREIMBURSED MONTHLY ADVANCES		0.00			0.00
					134,714.38			13,144.73
	PLUS: MONTHLY ADVANCES				0.00			0.00
			COMPENSATING INTEREST		2,206.70			13.59
					2,206.70			13.59
	POOL AVAILABLE REMITTANCE AMOUNT				6,289,444.44			526,757.38
2. (A) CLASS AS-1 NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			0.00
	(B) CLASS AS-2 NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			113,084,750.52
	(C) CLASS AS-3 NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			190,443,000.00
	(D) CLASS MS-1 NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			22,084,000.00
	(E) CLASS MS-2 NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			23,463,000.00
	(F) CLASS BS NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			12,423,000.00
	(G) AGGREGATE POOL I PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			361,497,750.52
	(H) CLASS AN NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			30,144,963.54
	(I) CLASS MN NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			2,229,000.00
	(J) CLASS BN NOTE PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			4,457,000.00
	(K) AGGREGATE POOL II PRINCIPAL BALANCE AS REPORTED
			IN THE PRIOR TRUST ADMINISTRATOR’S CERTIFICATE			36,830,963.54
* f/k/a The Money Store Commercial Mortgage, Inc.

PAGE 1 of 8

3. POOL PRINCIPAL DISTRIBUTION AMOUNTS:
			CLASS AS-1				0.00
			CLASS AS-2				4,081,683.37
			CLASS AS-3				0.00
			CLASS MS-1				0.00
			CLASS MS-2				0.00
			CLASS BS				0.00
	TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT:						4,081,683.37
			CLASS AN				462,371.77
			CLASS MN				0.00
			CLASS BN				0.00
	TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT:						462,371.77
4. LETTER OF CREDIT PAYMENTS
			POOL I				0.00
			POOL II				0.00
	TOTAL AMOUNT OF POOL I AND II LETTER OF CREDIT PAYMENTS						0.00
5. CURRENT INTEREST REQUIREMENTS
			CLASS AS-1				0.00
			CLASS AS-2				152,130.40
			CLASS AS-3				211,709.14
			CLASS MS-1				37,714.56
			CLASS MS-2				47,629.89
			CLASS BS				42,731.67
	TOTAL POOL I CURRENT INTEREST REQUIREMENTS:						491,915.66
			CLASS AN				42,981.69
			CLASS MN				4,524.87
			CLASS BN				15,330.84
	TOTAL POOL II CURRENT INTEREST REQUIREMENTS:						62,837.40
6. PRINCIPAL PREPAYMENTS RECEIVED DURING				# OF		PRINCIPAL
	THE DUE PERIOD			ACCTS		BALANCES
			POOL I		6		3,025,872.72
			POOL II		0		0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING THE DUE PERIOD
			POOL I				161,413.77
			POOL II				5,909.69
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT OF PRINCIPAL RECEIVED DURING THE DUE PERIOD
			POOL I				894,396.88
			POOL II				328,001.65
9. AMOUNT OF INTEREST RECEIVED
			POOL I				2,340,268.75
			POOL II				205,977.18
10. (A) AMOUNT OF MONTHLY ADVANCES TO BE MADE ON THE
		DETERMINATION DATE TO BE DEPOSITED IN THE
		CERTIFICATE ACCOUNT PURSUANT TO SECTION 7.01(a)(ii)
			POOL I				0.00
			POOL II				0.00
	(B) COMPENSATING INTEREST PAYMENT
			POOL I				2,206.70
			POOL II				13.59
11. DELINQUENCY AND FORECLOSURE INFORMATION (EXHIBIT L)

Page 2 of 8

12. (A) THE AMOUNT OF REALIZED LOSSES INCURRED DURING THE DUE PERIOD
			POOL I	0.00
			POOL II	0.00
	(B) THE AMOUNT OF RECOVERIES ON PREVIOUS REALIZED
		LOSSES RECEIVED DURING THE DUE PERIOD (incl. in 9.)
			POOL I	36,913.75
			POOL II	0.00
13. THE INTEREST SHORTFALL CARRYFORWARD AMOUNTS
			CLASS AS-1	0.00
			CLASS AS-2	0.00
			CLASS AS-3	0.00
			CLASS MS-1	0.00
			CLASS MS-2	0.00
			CLASS BS	0.00
			CLASS AN	0.00
			CLASS MN	0.00
			CLASS BN	0.00
14. (A) REIMBURSABLE AMOUNTS				0.00
	(B) AMOUNTS TRANSFERRED TO THE OWNER TRUSTEE FOR
		DEPOSIT INTO THE CERTIFICATE DISTRIBUTION ACCOUNT
			POOL I	1,668,451.49
			POOL II	0.00
15. (A) CLASS AS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		0.00
	(B) CLASS AS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		109,003,067.15
	(C) CLASS AS-3 PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		190,443,000.00
	(D) CLASS MS-1 PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		22,084,000.00
	(E) CLASS MS-2 PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		23,463,000.00
	(F) CLASS BS PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		12,423,000.00
	(G) POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		357,416,067.15
	(H) CLASS AN PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		29,682,591.77
	(I) CLASS MN PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		2,229,000.00
	(J) CLASS BN PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		4,457,000.00
	(K) POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION
		TO BE MADE ON THE REMITTANCE DATE AND AFTER
		ALLOCATION OF REALIZED LOSSES		36,368,591.77

Page 3 of 8

16. EXCESS SPREAD
			POOL I					1,668,451.49
			POOL II					128,460.43
	TOTAL EXCESS SPREAD (POOL I and II)							1,796,911.92
17. (A) SPREAD AMOUNT
			POOL I					38,649,586.08
			POOL II					6,158,044.31
		(B) SPECIFIED SUBORDINATED AMOUNT
			POOL I					38,649,586.08
			POOL II					7,959,175.56
18. (A) APPLIED REALIZED LOSS AMOUNT
			CLASS AS-1					0.00
			CLASS AS-2					0.00
			CLASS AS-3					0.00
			CLASS MS-1					0.00
			CLASS MS-2					0.00
			CLASS BS					0.00
			CLASS AN					0.00
			CLASS MN					0.00
			CLASS BN					0.00
		(B) REALIZED LOSS AMOUNT
			CLASS AS-1					0.00
			CLASS AS-2					0.00
			CLASS AS-3					0.00
			CLASS MS-1					0.00
			CLASS MS-2					0.00
			CLASS BS					0.00
			CLASS AN					0.00
			CLASS MN					0.00
			CLASS BN					0.00
		(C) UNPAID REALIZED LOSS AMOUNT
			CLASS AS-1					0.00
			CLASS AS-2					0.00
			CLASS AS-3					0.00
			CLASS MS-1					0.00
			CLASS MS-2					0.00
			CLASS BS					0.00
			CLASS AN					0.00
			CLASS MN					0.00
			CLASS BN					0.00
19. AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNTS
				POOL I				45,187.22
				POOL II				1,534.62
20. AMOUNT OF ALL PAYMENTS AND REIMBURSEMENTS TO THE    SERVICER PURSUANT TO:					POOL I		POOL II
		(A) SECTION 4.04 (b)				0.00		0.00
		(B) SECTION 4.04 (c)				0.00		0.00
		(C) SECTION 4.04 (d)(ii)				0.00		0.00
		(D) SECTION 4.04 (e)				0.00		0.00
		(E) SECTION 4.04 (f)				134,714.38		13,144.73
		(F) SECTION 4.04 (h)				0.00		0.00

Page 4 of 8

21. CLASS AS-1 POOL FACTOR
		CURRENT CLASS AS-1 PRINCIPAL BALANCE		0.00		0.00000000
		ORIGINAL CLASS AS-1 PRINCIPAL BALANCE		137,788,000.00
		CLASS AS-2 POOL FACTOR
		CURRENT CLASS AS-2 PRINCIPAL BALANCE		109,003,067.15		0.77275901
		ORIGINAL CLASS AS-2 PRINCIPAL BALANCE		141,057,000.00
		CLASS AS-3 POOL FACTOR
		CURRENT CLASS AS-3 PRINCIPAL BALANCE		190,443,000.00		1.00000000
		ORIGINAL CLASS AS-3 PRINCIPAL BALANCE		190,443,000.00
		CLASS MS-1 POOL FACTOR
		CURRENT CLASS MS-1 PRINCIPAL BALANCE		22,084,000.00		1.00000000
		ORIGINAL CLASS MS-1 PRINCIPAL BALANCE		22,084,000.00
		CLASS MS-2 POOL FACTOR
		CURRENT CLASS MS-2 PRINCIPAL BALANCE		23,463,000.00		1.00000000
		ORIGINAL CLASS MS-2 PRINCIPAL BALANCE		23,463,000.00
		CLASS BS POOL FACTOR
		CURRENT CLASS BS PRINCIPAL BALANCE		12,423,000.00		1.00000000
		ORIGINAL CLASS BS PRINCIPAL BALANCE		12,423,000.00
		POOL I FACTOR
		CURRENT POOL I PRINCIPAL BALANCE		357,416,067.15		0.67787699
		ORIGINAL POOL I PRINCIPAL BALANCE		527,258,000.00
		CLASS AN POOL FACTOR
		CURRENT CLASS AN PRINCIPAL BALANCE		29,682,591.77		0.53583522
		ORIGINAL CLASS AN PRINCIPAL BALANCE		55,395,000.00
		CLASS MN POOL FACTOR
		CURRENT CLASS MN PRINCIPAL BALANCE		2,229,000.00		1.00000000
		ORIGINAL CLASS MN PRINCIPAL BALANCE		2,229,000.00
		CLASS BN POOL FACTOR
		CURRENT CLASS BN PRINCIPAL BALANCE		4,457,000.00		1.00000000
		ORIGINAL CLASS BN PRINCIPAL BALANCE		4,457,000.00
		POOL II FACTOR
		CURRENT POOL II PRINCIPAL BALANCE		36,368,591.77		0.58582484
		ORIGINAL POOL II PRINCIPAL BALANCE		62,081,000.00
22. (A) WEIGHTED AVERAGE LOAN INTEREST RATE FOR
			POOL I	6.7113	%
			POOL II	6.2623	%
	(B) WEIGHTED AVERAGE LOAN INTEREST RATE FOR			01/31/2003		02/28/2003
			POOL I	6.7317	%	6.7290	%
			POOL II	6.2634	%	6.2615	%
23. (A) REMITTANCE RATE FOR
			CLASS AS-1			1.50000	%
			CLASS AS-2			1.67000	%
			CLASS AS-3			1.38000	%
			CLASS MS-1			2.12000	%
			CLASS MS-2			2.52000	%
			CLASS BS			4.27000	%
			CLASS AN			1.77000	%
			CLASS MN			2.52000	%
			CLASS BN			4.27000	%

Page 5 of 8

	(B) IF REMITTANCE RATES BASED ON THE NET FUNDS CAP    LIBOR PLUS MARGIN OR AUCTION RATE FOR
		CLASS AS-1				N/A
		CLASS AS-2				N/A
		CLASS AS-3				N/A
		CLASS MS-1				N/A
		CLASS MS-2				N/A
		CLASS BS				N/A
		CLASS AN				N/A
		CLASS MN				N/A
		CLASS BN				N/A
24. LIBOR RATE						1.27000	%
	AUCTION RATE					1.38000	%
25. IF REMITTANCE RATES BASED ON THE NET FUNDS CAP,
	(A) NET FUNDS CAP FOR
		CLASS AS-1				N/A
		CLASS AS-2				N/A
		CLASS AS-3				N/A
		CLASS MS-1				N/A
		CLASS MS-2				N/A
		CLASS BS				N/A
		CLASS AN				N/A
		CLASS MN				N/A
		CLASS BN				N/A
	(B) WEIGHTED AVERAGE COUPON CAP FOR POOL I					N/A
26. NOTEHOLDERS’ INTEREST CARRYOVER						0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO NOTEHOLDERS’ INTEREST CARRYOVER						0.00
	(B) NOTEHOLDER’S INTEREST CARRYOVER BALANCE					0.00
28. DEFAULTED LOANS PURCHASED DURING THE			# OF		PRINCIPAL
	DUE PERIOD		LOANS		BALANCES
		POOL I		0		0.00
		POOL II		0		0.00
29. SUCH OTHER INFORMATION AS THE INDENTURE TRUSTEE MAY REASONABLY REQUIRE:
	(A) LOC AVAILABLE AMOUNT
		POOL I				0.00
		POOL II				4,597,219.80
	(B) LOC AVAILABLE AMOUNT EXPRESSED AS A PERCENTAGE OF POOL PRINCIPAL BALANCES AFTER DISTRIBUTION
		POOL I				0.00	%
		POOL II				12.64	%

I, Stephanie Callahan, 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: _________________________________
                    STEPHANIE CALLAHAN
               ASSISTANT VICE PRESIDENT

Page 6 of 8

EXHIBIT L

WACHOVIA COMMERCIAL MORTGAGE, INC.
FORM OF DELINQUENCY REPORT — MARCH 31, 2003
FOR SERIES 1999-1

DELINQUENCY AND FORECLOSURE INFORMATION

	OUTSTANDING		# OF					# OF
INVESTOR	DOLLARS		ACCT		RANGES	AMOUNT		ACCT		PCT
POOL I		$396,065,653.23		558	1 TO 29 DAYS 30 TO 59 DAYS 60 TO 89 DAYS 90 AND OVER		7,714,885.81 1,114,170.38 2,522,063.28 5,701,847.72		12 2 2 6		1.95% 0.28 0.64% 1.44%
					FORECLOSURE REO PROPERTY		0.00 0.00		0 0		0.00% 0.00%
					TOTALS	$	17,052,967.19		22		4.31%
POOL II		$38,057,876.71		103	1 TO 29 DAYS 30 TO 59 DAYS 60 TO 89 DAYS 90 AND OVER		0.00 0.00 0.00 748,478.07		0 0 0 2		0.00% 0.00% 0.00% 1.97%
					FORECLOSURE REO PROPERTY		0.00 0.00		0 0		0.00% 0.00%
					TOTALS	$	748,478.07		2		1.97%

Page 7 of 8

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 $25,000 original dollar amount as of the Cut-off Date.

Subclause	Class AS-1		Class AS-2		Class AS-3
(ii)		0		20,042		25,000
(iii)		0		723		0
(v)		0		27		28
(vi)		0		536		0
(vii)		0		29		0
(viii)		0		159		0
(xv) (a, b & c)		0		19,319		25,000

	Class MS-1		Class MS-2		Class BS		Pool I
(ii)		25,000		25,000		25,000		17,140
(iii)		0		0		0		194
(v)		43		51		86		23
(vi)		0		0		0		143
(vii)		0		0		0		8
(viii)		0		0		0		42
(xv) (a, b & c)		25,000		25,000		25,000		16,947

	Class AN		Class MN		Class BN		Pool II
(ii)		13,605		25,000		25,000		14,832
(iii)		209		0		0		186
(v)		19		51		86		25
(vi)		0		0		0		0
(vii)		3		0		0		2
(viii)		0		0		0		132
(xv) (a, b & c)		13,396		25,000		25,000		14,646

Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----

EX-20.1

Ex-20.1 Monthly Statements