Item 1. Business.
Omitted.
Item 2.
Item 2. Properties.
Not applicable.
Item 3.
Item 3. Legal Proceedings.
There were no material pending legal proceedings relating to the Trust Fund to which any of the Trust Fund, the Trustee, the Master 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 Certificateholders, and no Certificateholder 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) Market Information. There is no established public trading market for the Certificates (b) Holders. As of December 31, 2003, based on records provided to the Trust by the DTC and the Trustee, the number of holders for each class of Certificate was as follows:
Class A1 1 Class A2 1 Class A3 1 Class A4 1 Class A5 1 Class A6 1 Class A7 1 Class A8 1 Class A9 1 Class A10 1 Class A11 1 Class A12 1 Class A13 1 Class A14 1 Class A15 1 Class A16 1 Class I-A17-1 1 Class A18 1 Class A19 1 Class A20 1 Class A21 1 Class A22 1 Class 2A1 1 Class B1 1 Class B2 1 Class B3 1 Class B4 1 Class B5 1 Class B6 1
Total: 29
(c) Dividends. Not applicable. (d) Item 701 of Regulation S-K. Not applicable. (e) Rule 463 of the Securities Act of 1933. Not applicable.
Item 6.
Item 6. Selected Financial Data.
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
See Item 14(a), Exhibits 99.1, 99.2, 99.3, for information provided in lieu of information required by Item 302 of Regulation S-K.
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.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 2003
		First Horizon Home Loan Corporation
(99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 2003.
		First Horizon Home Loan Corporation
(99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 2003.
		First Horizon Home Loan Corporation
(99.4) Aggregate Statement of Principal and Interest Distributions to Certificate Holders.
(b) Reports on Form 8-K, dated as of October 31, 2003, November 30, 2003, and December 31, 2003, were filed by the Company in order to provide the statements for the monthly distributions to holders of the Certificates. No other reports on Form 8-K have been filed during the last quarter of the period covered by this report.
(c) Not applicable.
(d) Omitted.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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 Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-7 (Registrant)
Signed: The Bank of New York, as Trustee
By: Diane Pickett, Vice President
By: /s/ Diane Pickett, Vice President
Dated: March 3, 2004
CERTIFICATION
I, Peter F. Makowiecki, in my capacity as the Chief Financial Officer of First Horizon Home Loan Corporation (the "Master Servicer") hereby certify that:
1. I have reviewed this Annual Report of Form 10-K and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report of First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-7;
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances in which such statements were made, not misleading as of the last day of the period covered by this annual report; and
3. Based on my knowledge, the distribution of servicing information required to be provided to the trustee by the Master Servicer under the Pooling and Servicing Agreement is included in these reports.
Dated: March 3, 2004
FIRST HORIZON HOME LOAN CORPORATION
By:______________________________ /s/ Peter F. Makowiecki Chief Financial Officer
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.
(a)(i) No annual report is provided to the Certificateholders other than with respect to aggregate principal and interest distributions.
(a)(ii) No proxy statement, form of proxy or other proxy soliciting material has been sent to any Certificateholder with respect to any annual or other meeting of Certificateholders.
Ex-99.4 Schedule of Year-To-Date Principal and Interest Distributions to Certificateholders