Fitch Issues Presale Report on Household Automotive Trust 2003-1

    NEW YORK--May 19, 2003--Fitch Ratings issued a presale report today on Household Automotive Trust 2003-1 discussing the rating analysis behind Fitch Ratings' expected ratings on the offered notes. The collateral securing the notes is a pool of subprime automobile loan receivables secured by new and used automobile and light duty trucks and vans.
    The presale report is available to all investors on Fitch's web site, 'www.fitchratings.com', or by contacting Sara Grohl at 212/908-0564 or via e-mail, 'sara.grohl@fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than twenty asset classes, contact product sales at 212/908-0800 or at 'webmaster@fitchratings.com'.