Item 1. Business.
Omitted pursuant to the No-Action Request.
Item 2.
Item 2. Properties.
Reference is made to the Annual Statement attached hereto as Exhibit 99.1.
Item 3.
Item 3. Legal Proceedings.
The Registrant knows of no material pending legal proceedings.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
Consents were obtained from the holders of the Trust’s Series 2003-1 Auction Rate Notes prior to the execution of a First Amendment to Indenture of Trust and First Supplemental Indenture of Trust dated as of June 30, 2004. The form of such First Amendment was attached to the Trust's Current Report on Form 8-K filed on August 26, 2004 at Exhibit 4.1.
PART II
Item 5.
Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities.
Each class of Notes is represented by one or more Notes registered in the name of Cede & Co., the nominee of The Depository Trust Company.
To the knowledge of the Registrant, there is no established public trading market for the Notes.
Item 6.
Item 6. Selected Financial Data.
Omitted pursuant to the No-Action Request.
Item 7.
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Omitted pursuant to the No-Action Request.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Omitted pursuant to the No-Action Request.
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.
Omitted pursuant to the No-Action Request.
Item 11.
Item 11. Executive Compensation.
Omitted pursuant to the No-Action Request.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
The PHEAA Student Loan Foundation is the sole beneficial owner of the Trust. The Registrant has no directors or officers.
Item 13.
Item 13. Certain Relationships and Related Transactions.
None. The Registrant has no class of equity securities outstanding and has no directors or officers.
Item 14.
Item 14. Principal Accountant Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K.
(a)(1) Financial Statements
Not Applicable.
(a)(2) Financial Statement Schedules
Not Applicable.
(b) Reports on Form 8-K filed during the last quarter
The Registrant filed current reports on Form 8-K on April 29, 2004, May 27, 2004, and June 28, 2004, each of which contained as exhibits the monthly distribution report of the Registrant for the preceding calendar month.
(c) Exhibits
The following documents are filed as part of this Annual Report on Form 10-K.
Exhibit Number
Description
31.1
Certification of Periodic Reports pursuant to Section 302 of the Sarbanes Oxley-Act of 2002
99.1
Annual Statement of PHEAA Student Loan Trust I for the Period Ended June 30, 2004
99.2
Annual Administrator’s Certificate
99.3
Independent Accountant’s Report regarding the Administrator
99.4
Annual Servicer’s Certificate
99.5
Independent Accountant’s Report regarding the Servicer
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.
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 annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to securityholders during the period covered by this Annual Report on Form 10-K and the Registrant does not intend to furnish such materials to securityholders subsequent to the filing of this report. The Registrant has no outstanding equity securities.
Index of Exhibits
Exhibit Number
Description
31.1
Certification of Periodic Reports pursuant to Section 302 of the Sarbanes Oxley-Act of 2002
99.1
Annual Statement of PHEAA Student Loan Trust I for the Period Ended June 30, 2004
99.2
Annual Administrator’s Certificate
99.3
Independent Account’s Report regarding the Administrator
99.4
Annual Servicer’s Certificate
99.5
Independent Accountant’s Report regarding the Servicer