ITEM 1. BUSINESS
Not applicable in reliance on the Relief Letters.
ITEM 2.
ITEM 2. PROPERTIES
Not applicable in reliance on the Relief Letters.
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS
There were no material pending legal proceedings relating to the Trust to which any of the Trust, the Indenture Trustee, the Eligible Lender Trustee, Wells Fargo Bank South Dakota, National Association, as Servicer, or the Company was a party or of which any of their respective properties was the subject during the fiscal year covered by this Report, nor is the Company aware of any such proceedings contemplated by governmental authorities.
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matter was submitted to a vote of Noteholders, and no Noteholder consent was solicited during the fiscal year covered by this Report.
PART II
ITEM 5.
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
(a) There is no established public trading market for the Notes.
(b) At December 31, 2001, there were less than 300 holders of record of each Class of the Notes.
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
Not applicable in reliance on the Relief Letters.
ITEM 7.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Not applicable in reliance on the Relief Letters.
ITEM 7A.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Not applicable.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Not applicable in reliance on the Relief Letters.
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
PART III
ITEM 10.
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Not applicable in reliance on the Relief Letters.
ITEM 11.
ITEM 11. EXECUTIVE COMPENSATION
Not applicable in reliance on the Relief Letters.
ITEM 12.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Not applicable in reliance on the Relief Letters.
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Not applicable in reliance on the Relief Letters.
PART IV
ITEM 14.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
(a) (1) Not applicable.
(2) Not applicable.
(3) The required exhibits are as follows:
Exhibit 3: Copy of Company's Limited Liability Company Agreement (Filed as an Exhibit to Registration Statement on Form S-3 (File No. 333-69218)).
Exhibit 4.1: Indenture, dated as of November 1, 2001 between Wells Fargo Student Loan Trust 2001-1 and JPMorgan Chase Bank.
Exhibit 4.2: Trust Agreement, dated as of November 1, 2001, between the Company and Bank One, National Association.
Exhibit 4.3: Servicing Agreement, dated as of November 1, 2001, among Wells Fargo Student Loan Trust 2001-1, Wells Fargo Bank South Dakota, National Association, the Company and JPMorgan Chase Bank.
Exhibit 4.4: Loan Sale Agreement, dated as of November 1, 2001, among Wells Fargo Student Loan Trust 2001-1, Wells Fargo Bank South Dakota, National Association, Wells Fargo Student Loans Receivables I, LLC and Bank One, National Association.
Exhibit 4.5: Administration Agreement, dated as of November 1, 2001, among Wells Fargo Student Loan Trust 2001-1, Wells Fargo Bank Minnesota, National Association and JPMorgan Chase Bank.
(b) Current Reports on Form 8-K filed during the quarter ending December 31, 2001:
Date Items Reported ---- --------------
November 14, 2001 Form of T-1 Statement of Eligibility of Indenture Trustee
December 13, 2001 Issuance of the Notes, and final forms of the items listed as exhibits relating to the Notes.
(c) See subparagraph (a)(3) above.
(d) Not applicable. See the Relief Letters.
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No such annual report, proxy statement, form of proxy or other soliciting material has been sent to Noteholders. See the Relief Letters.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons, in the capacities and on the dates indicated.
WELLS FARGO STUDENT LOAN TRUST 2001-1
By: Wells Fargo Bank South Dakota, National Association, as Servicer*
By: /s/ Jon A. Veenis ---------------------------------------- Name: Jon A. Veenis Title: President, Educational Financial Services
Date: March 29, 2002
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* This Report is being filed by the Servicer on behalf of the Trust. The Trust does not have any officers or directors.
EXHIBIT INDEX
Sequential Exhibit Document Page Number - ------- -------- -----------
3 Company's Limited Liability Company Agreement (Filed as an Exhibit to Registration Statement on Form S-3 (File No. 333-69218)) *
4.1 Indenture (Filed as part of the Company's Current Report on Form 8-K dated December 13, 2001) * 4.2 Trust Agreement (Filed as part of the Company's Current Report on Form 8-K dated December 13 2001) * 4.3 Servicing Agreement (Filed as part of the Company's Current Report on Form 8-K dated December 13, 2001) * 4.4 Loan Sale Agreement (Filed as part of the Company's Current Report on Form 8-K dated December 13, 2001) * 4.5 Administration Agreement Guaranty Insurance Policy (Filed as part of the Company's Current Report on Form 8-K dated December 13, 2001) *
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* Incorporated herein by reference.