305B2

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C.  20549

_________________________

FORM  T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF

A CORPORATION DESIGNATED TO ACT AS TRUSTEE

___________________________________________

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF

A TRUSTEE PURSUANT TO SECTION 305(b)(2)

________________________________________

JP Morgan Chase Bank

(Exact name of trustee as specified in its charter)

New York

13-4994650

(State of incorporation

(I.R.S. employer

if not a national bank)

identification No.)

270 Park Avenue

New York, NY

10017

(Address of principal executive offices)

(Zip Code)

William H. McDavid

General Counsel

270 Park Avenue

New York, New York 10017

Tel:  (212) 270-2611

(Name, address and telephone number of agent for service)

____________________________________________

ACE Securities Corp., Wells Fargo Financial Auto Owner Trust 2004-A, or any other trust sponsored by ACE Securities Corp.

(Exact name of obligor as specified in its charter)

Delaware

   56-2088493

(State or other jurisdiction of                                                      (IRS employer

incorporation or organization)

    identification No.)

 ACE Securities Corp   

 6525 Morrison Boulevard - Suite 318

 Charlotte, North Carolina                                                          28211

(Address of principal executive offices)                                       (Zip Code)

Automobile Receivable Backed Notes

(Title of the indenture securities)

_____________________________________________________________

Item 1.

General Information.

Furnish the following information as to the trustee:

(a)

Name and address of each examining or supervising authority to which it is subject.

New York State Banking Department, State House, Albany, New York, 12110

Board of Governors of the Federal Reserve System, Washington, D.C. 20551

Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, NY, NY

Federal Deposit Insurance Corporation, Washington, D.C. 20429

(b)

Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2.

Affiliations with Obligor.

If the Obligor is an affiliate of the trustee, describe each such affiliation.

None.

Item 16.

List of Exhibits.

Exhibit 1.

A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22,2001 (see exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated  by reference.

Exhibit 2.

Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 35-50010, which is incorporated by reference).  On November 11, 2001 in connection with the merger of the The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

Exhibit 3.

None.  Authorization of the Trustee to Exercise Corporate Trust Powers (contained in Exhibit 1&2).

Exhibit 4.

Copy of the existing By-Laws of the Trustee.  (See exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894 which is incorporated by reference.)

Exhibit 5.

Not Applicable

Exhibit 6.

The consent of the Trustee required by Section 321 (b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010 which is incorporated by reference). On November 11, 2001 in connection with the merger of the The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

Exhibit 7.

A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.

Not Applicable

Exhibit 9.

Not Applicable

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, JPMorgan Chase Bank, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on this 19^th day of February, 2004.

JPMorgan Chase Bank

By: /s/ Daniel C. Brown, Jr.                

Daniel C. Brown, Jr., Vice President

EX-7

Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2

CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank

of 270 Park Avenue, New York, New York 10017

and Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System,

at the close of business September 30, 2003, in

accordance with a call made by the Federal Reserve Bank of this

District pursuant to the provisions of the Federal Reserve Act.

Dollar Amounts

   ASSETS

  in Millions

Cash and balances due from depository institutions:

Noninterest-bearing balances and

currency and coin .....................................................………

$  17,578

Interest-bearing balances ..........................................………

9,823

Securities:  

Held to maturity securities.................................................………               

210

Available for sale securities...............................................………   

  57,792

Federal funds sold and securities purchased under

agreements to resell ..................................................……….

Federal funds sold in domestic offices

               9,491

Securities purchased under agreements to resell

             91,241

Loans and lease financing receivables:

Loans and leases held for sale……………………………….

  35,681

Loans and leases, net of unearned income         $170,168

Less: Allowance for loan and lease losses               3,448

Loans and leases, net of unearned income and

allowance ...............................................…………………….                                 166,720

Trading Assets ..................................................................……….                                  178,938

Premises and fixed assets (including capitalized leases).................                                     6,057

Other real estate owned .....................................................………                                         110

Investments in unconsolidated subsidiaries and

associated companies.................................................………                                          732

Customers’ liability to this bank on acceptances

outstanding ................................................................………                                          260

Intangible assets     

Goodwill…………………………………………………….

2,198

Other Intangible assets………………………………………

4,096

Other assets ......................................................................……….

57,193

TOTAL ASSETS ..............................................................………

        $638,120

                                                                                                                        ==========

LIABILITIES

Deposits

In domestic offices ...................................................……………….

$188,866

Noninterest-bearing ..................................... $76,927

Interest-bearing ..........................................   111,939

In foreign offices, Edge and Agreement

subsidiaries and IBF's .......................................................................

124,493

     Noninterest-bearing……......................             $ 6,439

Interest-bearing ....................................         118,054

Federal funds purchased and securities sold under agree-

ments to repurchase:

Federal funds purchased in domestic offices

4,679

Securities sold under agreements to repurchase

82,206

Trading liabilities .................................................................…………….

  136,012

Other borrowed money (includes mortgage indebtedness

and obligations under capitalized leases)……………………………

 24,937

Bank's liability on acceptances executed and outstanding………………..

260

Subordinated notes and debentures ...................................……………….

8,040

Other liabilities ......................................................................…………….

31,270

TOTAL LIABILITIES ................................................................…………

600,763

Minority Interest in consolidated subsidiaries …………………………….    

  358

EQUITY CAPITAL

Perpetual preferred stock and related surplus……………………………..

0

Common stock ......................................................................……………..

1,785

Surplus  (exclude all surplus related to preferred stock).………………….

16,306

Retained earnings………………………………………………………….

18,875

Accumulated other comprehensive income………………………..

33

Other equity capital components………………………………………….

0

TOTAL EQUITY CAPITAL ......................................................…………

   36,999

______

TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

$638,120

     ==========

I, Joseph L. Sclafani, E.V.P. & Controller of the above-named

bank, do hereby declare that this Report of Condition has

been prepared in conformance with the instructions issued

by the appropriate Federal regulatory authority and is true

to the best of my knowledge and belief.

JOSEPH L. SCLAFANI

We, the undersigned directors, attest to the correctness

of this Report of Condition and declare that it has been

examined by us, and to the best of our knowledge and

belief has been prepared in conformance with the in-

structions issued by the appropriate Federal regulatory

authority and is true and correct.

WILLIAM B. HARRISON, JR.

)

LAWRENCE A. BOSSIDY

) DIRECTORS                 

ELLEN V. FUTTER

)