UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

~~Form~~FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

~~Securities~~SECURITIES ~~Exchange~~EXCHANGE ~~Act~~ACT ofOF 1934

~~Date~~DATE ofOF ~~Report~~REPORT (~~Date~~DATE ofOF ~~earliest~~EARLIEST ~~event~~EVENT ~~reported~~REPORTED): ~~April~~MAY 2925, 2005

OPTION ONE MORTGAGE ACCEPTANCE CORPORATION

(as depositor under the Pooling and Servicing Agreement,

dated as of May 1, 2005, providing for the issuance of

Asset Backed ~~Pass-Through~~ Certificates, Series 2005-2)

Option One Mortgage Acceptance Corporation

(~~Exact~~EXACT ~~name~~NAME ofOF ~~registrant~~REGISTRANT asAS ~~specified~~SPECIFIED inIN ~~its~~ITS ~~charter~~CHARTER)

Delaware	333-104020	33-0727357	~~33-0727357~~
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)	~~(I.R.S. Employer Identification Number)~~
3 Ada Irvine, California		92618	~~92618~~
(Address of Principal Executive Offices			(Zip Code)
(Address of Principal Executive Offices)		(Zip Code)
Registrant's telephone number, including area code: (949) 790-8100

~~Registrant's~~Check ~~telephone~~the ~~number,~~appropriate ~~including~~box ~~area~~below ~~code: (914)~~if ~~790~~the Form 8-~~8100~~K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General (Instructions A.2. below):

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~SECTION~~Section 2 - Completion of ~~Acquisition~~Financial ~~or Disposition of Assets~~Information

Item 2.01

Acquisition or Disposition of Assets

~~Description~~On May 5, 2005, a single series of certificates, entitled Option One Mortgage Loan Trust, Asset-Backed Certificates, Series 2005-2 (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of May 1, 2005 (the “Agreement”), among Option One Mortgage ~~Pool~~Acceptance Corporation as depositor (the “Depositor”), Option One Mortgage Corporation (“Option One”) as master servicer (in such capacity, the “Master Servicer”) and Wells Fargo Bank, N.A. as trustee (the “Trustee”).

On May 5, 2005, afollowing ~~single~~the ~~series~~closing of ~~certificates,~~the ~~entitled~~initial ~~Option~~issuance ~~One~~of ~~Mortgage Loan Trust 2005-2, Asset-Backed Certificates, Series 2005-2 (~~the “Certificates”), ~~were issued pursuant to a pooling and servicing agreement, dated as of January 1, 2005 (~~the ~~“Agreement”),~~Trustee ~~attached~~purchased ~~hereto~~from ~~as Exhibit 4.1, among Option Mortgage Acceptance Corporation as depositor (~~the “Depositor~~”),~~ ~~Option~~certain ~~One~~Subsequent Mortgage ~~Corporation (“Option One”) as master servicer (the “Master Servicer”) and Wells Fargo Bank~~Loans, ~~N.A.~~ as ~~trustee~~defined ~~(the~~in ~~“Trustee”). The Certificates consist of twenty classes of certificates (collectively,~~ the ~~“Certificates”),~~Agreement ~~designated~~with asan ~~the~~aggregate ~~“Class~~principal ~~A-1A~~balance ~~Certificates”,~~equal ~~“Class~~to ~~A-1B~~approximately ~~Certificates”~~$209, ~~“Class A-2 Certificates”~~996,027.91 ~~“Class~~with ~~A-3~~funds ~~Certificates”,~~on ~~“Class~~deposit ~~A-4~~in ~~Certificates”,~~the ~~“Class~~Group ~~A-5 Certificates”,~~I ~~“Class A~~Pre-6Funding ~~Certificates”,~~Account ~~“Class~~(the ~~M-1 Certificates”,~~ “~~Class~~Group ~~M-2~~I ~~Certificates”, “Class M~~Pre-3Funding ~~Certificates~~Account”,) “Class M-4 Certificates”, “Class M-5 Certificates”, “Class M-6 Certificates”, “Class M-7 Certificates”, “Class M-8 Certificates”, “Class M-9 Certificates”, “Class C Certificates”, “Class P Certificates”, “Class R Certificates” and ~~“Class R-X Certificates”. The Certificates evidence in~~ the ~~aggregate~~Group ~~the~~II ~~entire~~Pre-Funding ~~beneficial~~Account ~~ownership interest in a trust fund~~ (the “~~Trust~~Group ~~Fund”),~~II ~~consisting of a pool of mortgage loans (the “Mortgage Pool”) of conventional, one~~Pre-Funding ~~to four- family~~Account,” ~~adjustable~~together ~~rate~~with ~~and fixed rate, first lien and second lien mortgage loans having original terms to maturity up to 30 years (~~the ~~“Mortgage~~Group ~~Loans”).~~I ~~The Mortgage Pool consists of Mortgage Loans having an aggregate principal balance of $530,700,000 and any amounts in the~~ Pre-~~funding~~Funding ~~Accounts as of May 5~~Account, ~~2005 (~~the “~~Cut~~Pre-~~off~~Funding ~~Date~~Accounts”). ~~The~~both ~~Mortgage~~established ~~Loans were purchased~~ pursuant to ~~(i)~~ the ~~Mortgage Loan Purchase~~ Agreement, ~~dated~~at ~~April~~a ~~29,~~purchase ~~2005,~~price ~~among~~equal ~~Option~~to ~~One,~~the ~~Option~~principal ~~One~~balance ~~Owner Trust 2001-1B~~thereof, ~~Option~~which ~~One~~Subsequent ~~Owner~~Mortgage ~~Trust~~Loans ~~2001-2,~~were ~~Option~~conveyed ~~One~~to ~~Owner Trust 2002-3, Option One Owner Trust 2003-4 and Option One Owner Trust 2003-5, as applicable, as sellers and~~ the ~~Depositor~~Trustee ~~(the~~pursuant ~~“Mortgage~~to ~~Loan Purchase Agreement”) and (ii)~~ the ~~Mortgage~~Subsequent ~~Loan~~Transfer ~~Purchase Agreement~~Instrument, dated ~~April~~May 2925, 2005, between ~~Option~~the ~~One~~Depositor and the ~~Depositor~~Trustee (the “~~Option One Purchase Agreement~~Instrument”). ~~The~~Attached ~~“Class~~to A-1A Certificates”, “Class A-1B Certificates”, “Class A-2 Certificates”, “Class A-3 Certificates”, “Class A-4 Certificates”, “Class A-5 Certificates”, “Class A-6 Certificates”, “Class M-1 Certificates”, “Class M-2 Certificates”, “Class M-3 Certificates”, “Class M-4 Certificates”, “Class M-5 Certificates”, “Class M-6 Certificates”, “Class M-7 Certificates”, Class M-8 Certificates” and Class M-9 Certificates”, were sold by the ~~Depositor~~Instrument toare ~~Greenwich~~additional ~~Capital~~terms ~~Markets, as representative~~ of the ~~Underwriters~~sale ~~(“GCM”)~~of ~~pursuant to an Underwriting Agreement, dated April 29, 2005 (~~the Mortgage ~~“Underwriting~~Loans ~~Agreement”)~~that ~~among~~are the ~~Depositor,~~subject ~~Option One, Greenwich Capital Markets, Inc., Banc~~ of ~~America~~such ~~Securities LLC, Barclays Capital Inc~~Instrument.~~, Citigroup Global Markets Inc., Credit Suisse First Boston LLC, J.P. Morgan Securities Inc. and H&R Block Financial Advisors Inc.~~

~~The~~Section ~~Certificates~~8 ~~have the following initial Certificate Balances and Pass~~-~~Through~~ ~~Rates:~~Other Events

Class	Initial Certificate Principal Balance or Notional Amount		Pass-Through Rate
A-1A	$	585,350,000	Variable
A-1B	$	66,150,000	Variable
A-2	$	118,360,000	Variable
A-3	$	80,410,000	Variable
A-4	$	111,610,000	Variable
A-5	$	43,920,000	Variable
A-6	$	22,800,000	Variable
M-1	$	61,200,000	Variable
M-2	$	20,400,000	Variable
M-3	$	15,000,000	Variable
M-4	$	15,000,000	Variable
M-5	$	10,800,000	Variable
M-6	$	7,200,000	Variable
M-7	$	15,000,000	Variable
M-8	$	6,000,000	Variable
M-9	$	3,000,000	Variable
C	$	5,999,900	Variable
P	$	100.00	N/A
R		100.00 %	N/A
R-X		100.00 %	N/A

Item 8.01

Other Events

~~The~~Description ~~Certificates,~~of ~~other than~~ the ~~Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X Certificates, and the~~ Mortgage Loans are more particularly described in the Prospectus, dated April 29, 2005, and the Prospectus Supplement, dated 10, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class C Certificates, the Class P Certificates, the Class R Certificates and the Class R-X Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms Pool

~~used~~The ~~but~~Certificates, ~~not~~issued ~~otherwise~~pursuant ~~defined~~to ~~herein~~the ~~shall~~Agreement, ~~have~~evidence in the ~~meanings~~aggregate ~~assigned~~the toentire ~~them~~beneficial ownership interest in a trust fund (the ~~Prospectus~~“Trust ~~Supplement~~Fund”), consisting primarily of a segregated pool (the “Mortgage Pool”) of conventional, one- to four- family, first and second lien adjustable-rate and fixed-rate mortgage loans having original terms to maturity of not greater than 30 years (the “Mortgage Loans”). As of the end of the Funding Period, the Trust Fund primarily consisted of the Mortgage Pool, which consisted of Group I Mortgage Loans having an aggregate principal balance of approximately $781,409,570.91 and of Group II Mortgage Loans having an aggregate principal balance of approximately $418,575,907.45.

~~Section~~As 9more ~~Financial~~fully ~~Statements~~described ~~and~~above, ~~Exhibits~~on May 25, 2005, the Depositor purchased the Subsequent Mortgage Loans with the funds on deposit in the Pre-Funding Accounts.

Section 9 - Financial Statements and Exhibits

Item 9.01	Financial Statements and Exhibits
		(a)	Not applicable
		(b)	Not applicable
		(c)	Exhibits

Exhibit No.	~~Description~~Item 601(a) of Regulation SK Exhibit No.	Description
4.1	Pooling and Servicing Agreement, dated as of May 1, 2005, by and among Option One Mortgage Acceptance Corporation as Depositor, Option One Mortgage Corporation as Master Servicer and Wells Fargo Bank, N.A. as Trustee, relating to the Series 2005-2 Certificates.
1	4.2	Subsequent Transfer Instrument, dated as of May 25, 2005, between Option One Mortgage Acceptance Corporation as seller and Wells Fargo Bank, N.A., as trustee.
2	99.1	Characteristics of the Mortgage Pool relating to Option One Mortgage Loan Trust 2005-2, Asset Backed Certificates, Series 2005-2.

SIGNATURES

Pursuant to the requirements 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.

Dated:

May 20, 2005

OPTION ONE MORTGAGE ACCEPTANCE CORPORATION

By:

/s/ David S. Wells

Name: David S. Wells

Title: Assistant Secretary

Dated: May 25, 2005

OPTION ONE MORTGAGE ACCEPTANCE CORPORATION

By:

/s/ David S. Wells

Name: David S. Wells

Title: Assistant Secretary

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.1	Pooling and Servicing Agreement, dated as of May 1, 2005, by and among Option One Mortgage Acceptance Corporation as Depositor, One Mortgage Corporation as Master Servicer and Wells Fargo Bank, N.A. as Trustee relating to the Series 2005-2 Certificates.	7
4.2	Subsequent Transfer Instrument, dated as May 25, 2005, between Option One Mortgage Acceptance Corporation as seller and Wells Fargo Bank, N.A., as trustee.
99.1	Characteristics of the Mortgage Pool relating to Option One Mortgage Acceptance Corporation, Asset-Backed Certificates, Series 2005-2.

Filing Compare · OPTION ONE MORTGAGE LOAN TRUST 2005-2