ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 ACE Securities Corporation Asset Backed Pass-Through Certificates Series 2004-HE3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1A 004421HJ5 SEN 2.53000% 458,432,067.87 998,745.20 4,748,708.42 A-1B 004421HK2 SEN 2.63000% 50,937,335.32 115,358.92 527,638.82 A-2A 004421HL0 SEN 2.55000% 98,854,915.72 217,068.92 1,530,180.44 A-2B 004421HM8 SEN 2.36000% 163,947,666.18 333,178.09 4,237,865.32 A-2C 004421HN6 SEN 2.52000% 59,533,000.00 129,186.61 0.00 A-2D 004421HP1 SEN 2.72000% 50,300,000.00 117,813.78 0.00 M-1 004421HQ9 MEZ 2.80000% 36,485,000.00 87,969.39 0.00 M-2 004421HR7 MEZ 2.85000% 33,721,000.00 82,756.95 0.00 M-3 004421HS5 MEZ 2.90000% 21,006,000.00 52,456.65 0.00 M-4 004421HT3 MEZ 3.18000% 18,795,000.00 51,466.97 0.00 M-5 004421HU0 MEZ 3.28000% 16,584,000.00 46,840.59 0.00 M-6 004421HV8 MEZ 3.48000% 14,926,000.00 44,728.25 0.00 M-7 004421HW6 MEZ 4.03000% 13,267,000.00 46,040.18 0.00 M-8 004421HX4 MEZ 4.18000% 11,056,000.00 39,795.46 0.00 M-9 004421HY2 MEZ 4.53000% 9,398,000.00 36,660.03 0.00 M-10 004421HZ9 MEZ 5.68000% 6,500,000.00 31,792.22 0.00 M-11 004421JA2 MEZ 5.68000% 15,613,000.00 76,364.92 0.00 B 004421JB0 MEZ 5.68000% 9,950,000.00 48,666.56 0.00 P 111300653 SEN 0.00000% 100.00 139,073.81 0.00 CE-1 111300976 SUB 0.00000% 5,527,983.78 3,248,786.35 0.00 CE-2 111300984 SUB 0.00000% 0.00 287,393.86 0.00 R 111300661 SEN 0.00000% 0.00 0.00 0.00 Totals 1,094,834,068.87 6,232,143.71 11,044,393.00UNITED STATES

~~Certificateholder~~SECURITIES AND ~~Distribution~~EXCHANGE Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1A 0.00 453,683,359.45 5,747,453.62 0.00 A-1B 0.00 50,409,696.50 642,997.74 0.00 A-2A 0.00 97,324,735.28 1,747,249.36 0.00 A-2B 0.00 159,709,800.86 4,571,043.41 0.00 A-2C 0.00 59,533,000.00 129,186.61 0.00 A-2D 0.00 50,300,000.00 117,813.78 0.00 M-1 0.00 36,485,000.00 87,969.39 0.00 M-2 0.00 33,721,000.00 82,756.95 0.00 M-3 0.00 21,006,000.00 52,456.65 0.00 M-4 0.00 18,795,000.00 51,466.97 0.00 M-5 0.00 16,584,000.00 46,840.59 0.00 M-6 0.00 14,926,000.00 44,728.25 0.00 M-7 0.00 13,267,000.00 46,040.18 0.00 M-8 0.00 11,056,000.00 39,795.46 0.00 M-9 0.00 9,398,000.00 36,660.03 0.00 M-10 0.00 6,500,000.00 31,792.22 0.00 M-11 0.00 15,613,000.00 76,364.92 0.00 B 0.00 9,950,000.00 48,666.56 0.00 P 0.00 100.00 139,073.81 0.00 CE-1 0.00 5,527,983.78 3,248,786.35 0.00 CE-2 0.00 0.00 287,393.86 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,083,789,675.87 17,276,536.71 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.COMMISSION

~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1A 464~~Washington,~~234,000~~ D.~~00 458,432,067~~C.87 0.00 4,748,708.42 0.00 0.00 A-1B 51,582,000.00 50,937,335.32 0.00 527,638.82 0.00 0.00 A-2A 100,000,000.00 98,854,915.72 0.00 1,530,180.44 0.00 0.00 A-2B 167,119,000.00 163,947,666.18 0.00 4,237,865.32 0.00 0.00 A-2C 59,533,000.00 59,533,000.00 0.00 0.00 0.00 0.00 A-2D 50,300,000.00 50,300,000.00 0.00 0.00 0.00 0.00 M-1 36,485,000.00 36,485,000.00 0.00 0.00 0.00 0.00 M-2 33,721,000.00 33,721,000.00 0.00 0.00 0.00 0.00 M-3 21,006,000.00 21,006,000.00 0.00 0.00 0.00 0.00 M-4 18,795,000.00 18,795,000.00 0.00 0.00 0.00 0.00 M-5 16,584,000.00 16,584,000.00 0.00 0.00 0.00 0.00 M-6 14,926,000.00 14,926,000.00 0.00 0.00 0.00 0.00 M-7 13,267,000.00 13,267,000.00 0.00 0.00 0.00 0.00 M-8 11,056,000.00 11,056,000.00 0.00 0.00 0.00 0.00 M-9 9,398,000.00 9,398,000.00 0.00 0.00 0.00 0.00 M-10 6,500,000.00 6,500,000.00 0.00 0.00 0.00 0.00 M-11 15,613,000.00 15,613,000.00 0.00 0.00 0.00 0.00 B 9,950,000.00 9,950,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CE-1 5,527,655.90 5,527,983.78 0.00 0.00 0.00 0.00 CE-2 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,105,596,755.90 1,094,834,068.87 0.00 11,044,393.00 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.20549

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1A 4,748,708.42 453,683,359.45 0.97727301 4,748,708.42 A-1B 527,638.82 50,409,696.50 0.97727301 527,638.82 A-2A 1,530,180.44 97,324,735.28 0.97324735 1,530,180.44 A-2B 4,237,865.32 159,709,800.86 0.95566513 4,237,865.32 A-2C 0.00 59,533,000.00 1.00000000 0.00 A-2D 0.00 50,300,000.00 1.00000000 0.00 M-1 0.00 36,485,000.00 1.00000000 0.00 M-2 0.00 33,721,000.00 1.00000000 0.00 M-3 0.00 21,006,000.00 1.00000000 0.00 M-4 0.00 18,795,000.00 1.00000000 0.00 M-5 0.00 16,584,000.00 1.00000000 0.00 M-6 0.00 14,926,000.00 1.00000000 0.00 M-7 0.00 13,267,000.00 1.00000000 0.00 M-Form 8 ~~0.00 11,056,000.00 1.00000000 0.00 M~~-9 0.00 9,398,000.00 1.00000000 0.00 M-10 0.00 6,500,000.00 1.00000000 0.00 M-11 0.00 15,613,000.00 1.00000000 0.00 B 0.00 9,950,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 CE-1 0.00 5,527,983.78 1.00005932 0.00 CE-2 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 11,044,393.00 1,083,789,675.87 0.98027574 11,044,393.00K

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 464,234,000.00 987.50213873 0.00000000 10.22912673 0.00000000 A-1B 51,582,000.00 987.50213873 0.00000000 10.22912683 0.00000000 A-2A 100,000,000.00 988.54915720 0.00000000 15.30180440 0.00000000 A-2B 167,119,000.00 981.02349930 0.00000000 25.35836931 0.00000000 A-2C 59,533,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2D 50,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 36,485,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 33,721,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 21,006,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 18,795,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 16,584,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 14,926,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 13,267,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 11,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 9,398,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 6,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 15,613,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,950,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE-1 5,527,655.90 1000.05931628 0.00000000 0.00000000 0.00000000 CE-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000CURRENT REPORT

~~Principal~~Pursuant to ~~Distribution~~Section ~~Factors~~13 ~~Statement~~or (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1A 0.00000000 10.22912673 977.27301199 0.97727301 10.22912673 A-1B 0.00000000 10.22912683 977.27301190 0.97727301 10.22912683 A-2A 0.00000000 15.30180440 973.24735280 0.97324735 15.30180440 A-2B 0.00000000 25.35836931 955.66513000 0.95566513 25.35836931 A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2D 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE-1 0.00000000 0.00000000 1,000.05931628 1.00005932 0.00000000 CE-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3d) ~~Amount~~of ~~Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to~~ the ~~Prospectus Supplement for a Full Description.~~

~~Interest~~Securities Exchange ~~Distribution~~Act ~~Statement Beginning Payment~~ of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1A 464,234,000.00 2.53000% 458,432,067.87 998,745.20 0.00 0.00 A-1B 51,582,000.00 2.63000% 50,937,335.32 115,358.92 0.00 0.00 A-2A 100,000,000.00 2.55000% 98,854,915.72 217,068.92 0.00 0.00 A-2B 167,119,000.00 2.36000% 163,947,666.18 333,178.09 0.00 0.00 A-2C 59,533,000.00 2.52000% 59,533,000.00 129,186.61 0.00 0.00 A-2D 50,300,000.00 2.72000% 50,300,000.00 117,813.78 0.00 0.00 M-1 36,485,000.00 2.80000% 36,485,000.00 87,969.39 0.00 0.00 M-2 33,721,000.00 2.85000% 33,721,000.00 82,756.95 0.00 0.00 M-3 21,006,000.00 2.90000% 21,006,000.00 52,456.65 0.00 0.00 M-4 18,795,000.00 3.18000% 18,795,000.00 51,466.97 0.00 0.00 M-5 16,584,000.00 3.28000% 16,584,000.00 46,840.59 0.00 0.00 M-6 14,926,000.00 3.48000% 14,926,000.00 44,728.25 0.00 0.00 M-7 13,267,000.00 4.03000% 13,267,000.00 46,040.18 0.00 0.00 M-8 11,056,000.00 4.18000% 11,056,000.00 39,795.46 0.00 0.00 M-9 9,398,000.00 4.53000% 9,398,000.00 36,660.03 0.00 0.00 M-10 6,500,000.00 5.68000% 6,500,000.00 31,792.22 0.00 0.00 M-11 15,613,000.00 5.68000% 15,613,000.00 76,364.92 0.00 0.00 B 9,950,000.00 5.68000% 9,950,000.00 48,666.56 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 CE-1 5,527,655.90 0.00000% 5,527,983.78 0.00 0.00 0.00 CE-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,105,596,755.90 2,556,889.69 0.00 0.001934

~~Interest~~Date of Report ~~Distribution Statement~~ (~~continued)~~Date ~~Remaining~~of ~~Ending~~earliest ~~Non-Supported~~event ~~Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4~~reported): ~~Distribution~~June Shortfall Balance A-1A 0.00 0.00 998,745.20 0.00 453,683,359.45 A-1B 0.00 0.00 115,358.92 0.00 50,409,696.50 A-2A 0.00 0.00 217,068.92 0.00 97,324,735.28 A-2B 0.00 0.00 333,178.09 0.00 159,709,800.86 A-2C 0.00 0.00 129,186.61 0.00 59,533,000.00 A-2D 0.00 0.00 117,813.78 0.00 50,300,000.00 M-1 ~~0.00 0.00 87~~,~~969.39~~ 0.00 36,485,000.00 M-2 0.00 0.00 82,756.95 0.00 33,721,000.00 M-3 0.00 0.00 52,456.65 0.00 21,006,000.00 M-4 0.00 0.00 51,466.97 0.00 18,795,000.00 M-5 0.00 0.00 46,840.59 0.00 16,584,000.00 M-6 0.00 0.00 44,728.25 0.00 14,926,000.00 M-7 0.00 0.00 46,040.18 0.00 13,267,000.00 M-8 0.00 0.00 39,795.46 0.00 11,056,000.00 M-9 0.00 0.00 36,660.03 0.00 9,398,000.00 M-10 0.00 0.00 31,792.22 0.00 6,500,000.00 M-11 0.00 0.00 76,364.92 0.00 15,613,000.00 B 0.00 0.00 48,666.56 0.00 9,950,000.00 P 0.00 0.00 139,073.81 0.00 100.00 CE-1 0.00 0.00 3,248,786.35 0.00 5,527,983.78 CE-2 0.00 0.00 287,393.86 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,232,143.71 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.2006

~~Interest~~ACE SECURITIES Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1A 464,234,000CORP.00 2.53000% 987.50213873 2.15138314 0.00000000 0.00000000 A-1B 51,582,000.00 2.63000% 987.50213873 2.23641813 0.00000000 0.00000000 A-2A 100,000,000.00 2.55000% 988.54915720 2.17068920 0.00000000 0.00000000 A-2B 167,119,000.00 2.36000% 981.02349930 1.99365775 0.00000000 0.00000000 A-2C 59,533,000.00 2.52000% 1000.00000000 2.17000000 0.00000000 0.00000000 A-2D 50,300,000.00 2.72000% 1000.00000000 2.34222227 0.00000000 0.00000000 M-1 36,485,000.00 2.80000% 1000.00000000 2.41111114 0.00000000 0.00000000 M-2 33,721,000.00 2.85000% 1000.00000000 2.45416654 0.00000000 0.00000000 M-3 21,006,000.00 2.90000% 1000.00000000 2.49722222 0.00000000 0.00000000 M-4 18,795,000.00 3.18000% 1000.00000000 2.73833307 0.00000000 0.00000000 M-5 16,584,000.00 3.28000% 1000.00000000 2.82444465 0.00000000 0.00000000 M-6 14,926,000.00 3.48000% 1000.00000000 2.99666689 0.00000000 0.00000000 M-7 13,267,000.00 4.03000% 1000.00000000 3.47027813 0.00000000 0.00000000 M-8 11,056,000.00 4.18000% 1000.00000000 3.59944465 0.00000000 0.00000000 M-9 9,398,000.00 4.53000% 1000.00000000 3.90083316 0.00000000 0.00000000 M-10 6,500,000.00 5.68000% 1000.00000000 4.89111077 0.00000000 0.00000000 M-11 15,613,000.00 5.68000% 1000.00000000 4.89111125 0.00000000 0.00000000 B 9,950,000.00 5.68000% 1000.00000000 4.89111156 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 CE-1 5,527,655.90 0.00000% 1000.05931628 0.00000000 0.00000000 0.00000000 CE-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

~~Interest Distribution Factors Statement~~ (~~continued)~~as depositor ~~Remaining~~under ~~Ending~~the ~~Non-Supported~~Pooling ~~Total~~and ~~Unpaid~~Servicing ~~Certificate/~~Agreement, ~~Interest~~dated ~~Realized~~as ~~Interest~~of ~~Interest~~October Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1A 0.00000000 0.00000000 2.15138314 0.00000000 977.27301199 A-1B 0.00000000 0.00000000 2.23641813 0.00000000 977.27301190 A-2A 0.00000000 0.00000000 2.17068920 0.00000000 973.24735280 A-2B 0.00000000 0.00000000 1~~.99365775~~, 2004, ~~0.00000000~~providing ~~955.66513000~~for ~~A-2C~~the ~~0.00000000~~issuance ~~0.00000000~~of ~~2.17000000~~ACE ~~0.00000000~~Securities ~~1000~~Corp.~~00000000~~ ~~A-2D~~Home ~~0.00000000~~Equity ~~0.00000000~~Loan ~~2.34222227~~Trust, Series ~~0.00000000 1000.00000000 M~~2004-1HE3, ~~0.00000000 0.00000000 2.41111114 0.00000000 1000.00000000 M~~Asset-2Backed ~~0.00000000 0.00000000 2.45416654 0.00000000 1000.00000000 M~~Pass-3Through 0.00000000 0.00000000 2.49722222 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.73833307 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.82444465 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 2.99666689 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.47027813 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 3.59944465 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 3.90083316 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.89111077 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 4.89111125 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.89111156 0.00000000 1000.00000000 P 0.00000000 0.00000000 1390738.10000000 0.00000000 1000.00000000 CE-1 0.00000000 0.00000000 587.73310220 0.00000000 1000.05931628 CE-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6Certificates) ~~Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~

~~CERTIFICATEHOLDER~~ACE Securities ~~ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0~~Corp.00 Deposits Payments of Interest and Principal 17,596,155.46 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 22,759.23 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 139,073.81 Total Deposits 17,757,988.50 Withdrawals Reimbursement for Servicer Advances 8,848.41 Payment of Service Fee 472,603.38 Payment of Interest and Principal 17,276,536.71 Total Withdrawals (Pool Distribution Amount) 17,757,988.50 Ending Balance 0.00

~~PREPAYMENT/CURTAILMENT~~(Exact name ~~INTEREST~~of ~~SHORTFALL~~registrant ~~Total~~as ~~Prepayment/Curtailment~~specified ~~Interest~~in ~~Shortfall~~its ~~0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00~~charter)

SERVICING FEES Gross Servicing Fee 456,180.86 Credit Risk Manager Fee - The Murrayhill Company 13,685.43 Master Servicing Fee - Wells Fargo 2,737.09 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 472,603.38

Delaware	333-110039-13	56-2088493
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

6525 Morrison Blvd., Suite 318, Charlotte, North Carolina	28211
(Address of Principal Executive Offices)	(Zip Code)

~~OTHER~~Registrant’s telephone ~~ACCOUNTS~~number, ~~Beginning~~including ~~Current~~area ~~Current~~code: ~~Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 139,073.81 139,073.81 0.00~~704-365-0569

~~LOAN~~Check the appropriate ~~STATUS~~box ~~STRATIFICATION/CREDIT~~below ~~ENHANCEMENT~~if ~~STATEMENT~~the ~~DELINQUENCY~~Form ~~STATUS~~8-K ~~DELINQUENT~~filing ~~BANKRUPTCY~~is ~~FORECLOSURE~~intended ~~REO~~to ~~Total~~simultaneously satisfy Nothe offiling ~~Loans~~obligation No of ~~Loans~~the Noregistrant ofunder ~~Loans~~any No of ~~Loans~~the Nofollowing provisions of(see ~~Loans~~General ~~Principal~~Instruction ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~A.~~00 0.00 0.00 0.00 30 Days 12 0 0 0 12~~ 2~~,530,756~~.04 0.00 0.00 0.00 2,530,756.04 60 Days 5 0 0 0 5 563,277.09 0.00 0.00 0.00 563,277.09 90 Days 1 0 1 0 2 80,376.09 0.00 146,826.28 0.00 227,202.37 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 18 0 1 0 19 3,174,409.22 0.00 146,826.28 0.00 3,321,235.50 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.206363% 0.000000% 0.000000% 0.000000% 0.206363% 0.233357% 0.000000% 0.000000% 0.000000% 0.233357% 60 Days 0.085985% 0.000000% 0.000000% 0.000000% 0.085985% 0.051939% 0.000000% 0.000000% 0.000000% 0.051939% 90 Days 0.017197% 0.000000% 0.017197% 0.000000% 0.034394% 0.007411% 0.000000% 0.013539% 0.000000% 0.020950% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.309544% 0.000000% 0.017197% 0.000000% 0.326741% 0.292707% 0.000000% 0.013539% 0.000000% 0.306246%below):

~~Delinquency~~[ ] Written ~~Status~~communications Bypursuant ~~Groups~~to ~~DELINQUENT~~Rule ~~BANKRUPTCY~~425 ~~FORECLOSURE~~under ~~REO~~the ~~Total~~Securities ~~Group~~Act 1(17 ~~Sub Grp 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~CFR 230.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 81,386.78 0.00 0.00 0.00 81,386.78 60 Days 1 0 0 0 1 151,195.95 0.00 0.00 0.00 151,195.95 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 232,582.73 0.00 0.00 0.00 232,582.73 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.058789% 0.000000% 0.000000% 0.000000% 0.058789% 0.050020% 0.000000% 0.000000% 0.000000% 0.050020% 60 Days 0.058789% 0.000000% 0.000000% 0.000000% 0.058789% 0.092924% 0.000000% 0.000000% 0.000000% 0.092924% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.117578% 0.000000% 0.000000% 0.000000% 0.117578% 0.142943% 0.000000% 0.000000% 0.000000% 0.142943% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 Sub Grp 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 1,089,891.11 0.00 0.00 0.00 1,089,891.11 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4 0 0 0 4 1,089,891.11 0.00 0.00 0.00 1,089,891.11 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.156250% 0.000000% 0.000000% 0.000000% 0.156250% 0.234489% 0.000000% 0.000000% 0.000000% 0.234489% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.156250% 0.000000% 0.000000% 0.000000% 0.156250% 0.234489% 0.000000% 0.000000% 0.000000% 0.234489% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 Sub Grp 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 144,439.53 0.00 0.00 0.00 144,439.53 60 Days 1 0 0 0 1 3,568.11 0.00 0.00 0.00 3,568.11 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 148,007.64 0.00 0.00 0.00 148,007.64 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.328947% 0.000000% 0.000000% 0.000000% 0.328947% 0.167388% 0.000000% 0.000000% 0.000000% 0.167388% 60 Days 0.164474% 0.000000% 0.000000% 0.000000% 0.164474% 0.004135% 0.000000% 0.000000% 0.000000% 0.004135% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.493421% 0.000000% 0.000000% 0.000000% 0.493421% 0.171523% 0.000000% 0.000000% 0.000000% 0.171523% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 Sub Grp 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 0 0 0 5 1,215,038.62 0.00 0.00 0.00 1,215,038.62 60 Days 3 0 0 0 3 408,513.03 0.00 0.00 0.00 408,513.03 90 Days 1 0 1 0 2 80,376.09 0.00 146,826.28 0.00 227,202.37 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 9 0 1 0 10 1,703,927.74 0.00 146,826.28 0.00 1,850,754.02 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.528541% 0.000000% 0.000000% 0.000000% 0.528541% 0.327763% 0.000000% 0.000000% 0.000000% 0.327763% 60 Days 0.317125% 0.000000% 0.000000% 0.000000% 0.317125% 0.110199% 0.000000% 0.000000% 0.000000% 0.110199% 90 Days 0.105708% 0.000000% 0.105708% 0.000000% 0.211416% 0.021682% 0.000000% 0.039607% 0.000000% 0.061289% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.951374% 0.000000% 0.105708% 0.000000% 1.057082% 0.459644% 0.000000% 0.039607% 0.000000% 0.499251%425)

~~OTHER~~[ ] Soliciting ~~INFORMATION~~material ~~Current~~pursuant ~~Period~~to ~~Class~~Rule A14a-12(b) ~~Insufficient~~under ~~Funds~~the ~~0.00~~Exchange ~~Principal~~Act ~~Balance~~(17 ~~of Contaminated Properties 0~~CFR 240.~~00 Periodic Advance 22,759.23~~14a-12(b))

~~COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.187092% Weighted Average Net Coupon 6.687092% Weighted Average Pass~~[ ] Pre-~~Through~~commencement ~~Rate~~communications ~~6.669092%~~pursuant ~~Weighted~~to ~~Average~~Rule ~~Maturity~~14d-2(~~Stepdown Calculation~~ b) ~~343~~under ~~Beginning~~the ~~Scheduled~~Exchange Act (17 ~~Collateral~~CFR ~~Loan Count 5,857 Number Of Loans Paid In Full 42 Ending Scheduled Collateral Loan Count 5,815 Beginning Scheduled Collateral Balance 1,094,834,068~~240.~~87 Ending Scheduled Collateral Balance 1,083,789,675.87 Ending Actual Collateral Balance at 30~~14d-Nov-2004 1,084,500,724.14 Monthly P &I Constant 7,310,164.01 Special Servicing Fee 0.00 Prepayment Penalties 139,073.81 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 752,936.20 Unscheduled Principal 10,291,456.802(b))

~~COLLATERAL~~[ ] Pre-commencement ~~STATEMENT~~communications ~~Collateral~~pursuant ~~Description~~to ~~Fixed~~Rule & Mixed ARM Weighted Average Coupon Rate 7.187092% Weighted Average Net Rate 6.687092% Weighted Average Pass Through Rate 6.669092% Weighted Average Maturity 343 Record Date 11/30/2004 Principal and Interest Constant 7,310,164.01 Beginning Loan Count 5,857 Loans Paid in Full 42 Ending Loan Count 5,815 Beginning Scheduled Balance 1,094,834,068.87 Ending Scheduled Balance 1,083,789,675.87 Ending Actual Balance at 3013e-~~Nov-2004~~4(c) ~~1,084,500,724.14~~under ~~Scheduled~~the ~~Principal~~Exchange Act (17 ~~752,936.20~~CFR ~~Unscheduled Principal 10,291,456~~240.80 Scheduled Interest 6,557,227.81 Servicing Fee 456,180.86 Master Servicing Fee 2,737.09 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 13,685.43 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 6,084,624.43 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 139,073.8113e-4(c))

~~Miscellaneous Reporting Credit Enhancement Percentage 19~~Item 8.~~637489%~~01 Completion ~~Required~~of ~~Overcollateralization~~Acquisition ~~Amount~~or ~~5,527,983.78~~Disposition ~~Overcollateralization~~of ~~Reduction Amount 0.00 Overcollateralization Increase Amount 0.00~~Assets

~~Group Level Collateral Statement Group Group 1 Sub Grp 1 Group 1 Sub Grp 2 Group 2 Sub Grp 3 Collateral~~ Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.041142 7.009861 8.559723 Weighted Average Net Rate 7.541142 6.509861 8.059723 Weighted Average Maturity 312 358 264 Beginning Loan Count 1,706 2,582 611 Loans Paid In Full 5 22 3 Ending Loan Count 1,701 2,560 608 Beginning Scheduled Balance 162,970,772.18 469,364,514.80 86,459,090.34 Ending scheduled Balance 162,584,740.94 464,474,198.80 86,231,880.43 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,231,543.15 3,083,082.88 676,063.23 Scheduled Principal 139,483.94 341,266.22 59,341.66 Unscheduled Principal 246,547.30 4,549,049.78 167,868.25 Scheduled Interest 1,092,059.21 2,741,816.66 616,721.57 Servicing Fees 67,904.49 195,568.55 36,024.62 Master Servicing Fees 407.43 1,173.41 216.15 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 2,037.13 5,867.06 1,080.74 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,021,710.16 2,539,207.64 579,400.06 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of ~~Cumulative~~the ~~Losses~~Certificates ~~0.0000~~and ~~0.0000~~the ~~0.0000~~Mortgage ~~Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.523142 6.491861 8.041723~~Pool

~~Group~~On October ~~Level~~29, ~~Collateral~~2004, ~~Statement~~a ~~Group~~series ~~Group~~of 2certificates, ~~Sub~~entitled ~~Grp~~ACE 4Securities ~~Total~~Corp. ~~Collateral~~Home Equity ~~Description~~Loan ~~Fixed~~Trust, ~~15/30~~Series &2004-HE3, ~~ARM~~Asset-Backed ~~Fixed~~Pass-Through &Certificates (the “Certificates”), ~~Mixed~~were ~~ARM~~issued ~~Weighted~~pursuant ~~Average~~to ~~Coupon~~a ~~Rate~~pooling ~~6.722579~~and ~~7.187092~~servicing ~~Weighted~~agreement, dated ~~Average~~as ~~Net~~of ~~Rate~~October ~~6.222579~~1, ~~6.687092~~2004 ~~Weighted~~(the ~~Average~~“Agreement”), ~~Maturity~~among ~~358~~ACE ~~343~~Securities ~~Beginning~~Corp. ~~Loan~~as depositor ~~Count~~(the ~~958 5~~“Depositor”),~~857~~ ~~Loans~~Wells ~~Paid~~Fargo InBank, ~~Full~~N.A. 12as 42master ~~Ending~~servicer, ~~Loan~~servicer (the ~~Count~~“Servicer”) ~~946~~and ~~5,815~~securities ~~Beginning~~administrator ~~Scheduled~~and ~~Balance~~HSBC ~~376,039,691.55~~Bank 1USA,~~094,834,068.87~~ ~~Ending~~National Association ~~scheduled~~as ~~Balance~~trustee ~~370,498,855.70~~(the 1“Trustee”),~~083,789,675.87~~ ~~Record~~which ~~Date~~Agreement ~~11/30/2004~~was ~~11/30/2004~~the ~~Principal~~subject ~~And~~of, ~~Interest~~and exhibit ~~Constant~~to ~~2,319,474.75~~a ~~7,310,164.01~~Form ~~Scheduled~~8-K ~~Principal~~filed ~~212,844.38~~with ~~752,936.20~~the ~~Unscheduled~~United ~~Principal~~States ~~5,327,991.47~~Securities ~~10,291,456.80~~& ~~Scheduled~~Exchange Commission ~~Interest~~on ~~2,106,630.37~~December 6,~~557,227~~ 2004.81 ~~Servicing~~The ~~Fees 156~~Depositor,~~683.20~~ ~~456,180.86~~the Master ~~Servicing~~Servicer ~~Fees~~and ~~940.10 2,737.09~~ the Trustee ~~Fee~~entered ~~0.00~~into ~~0.00~~Amendment ~~FRY Amount 0~~No.00 ~~0.00~~Two ~~Special~~to ~~Hazard~~the ~~Fee~~Agreement ~~0.00~~(the ~~0.00 Other Fee 4~~“Amendment”),~~700.50~~ ~~13,685.43~~dated as ~~Pool~~of ~~Insurance~~June ~~Fee 0.00 0.00 Spread Fee~~ 1 ~~0.00~~2006, ~~0.00~~attached ~~Spread~~hereto ~~Fee~~as 2Exhibit 04.~~00 0.00 Spread Fee 3 0.00 0.00 Net Interest~~ 1~~,944,306~~.57 ~~6,084,624.43~~The ~~Realized~~Amendment ~~Loss~~reflects ~~Amount~~a clarification ~~0.00~~to ~~0.00~~the ~~Cumulative~~distribution ~~Realized~~of ~~Loss~~the ~~0.00~~servicing ~~0.00~~fee ~~Percentage~~rate ofpayable ~~Cumulative~~under ~~Losses~~the Agreement ~~0.0000~~to ~~0.0000~~the ~~Prepayment~~Servicer ~~Penalties~~and ~~0.00~~the ~~0.00~~holders ~~Special~~of ~~Servicing~~the ~~Fee~~Class ~~0.00 0.00 Pass~~CE-~~Through Rate 6~~2 Certificates.~~204579 6.669092~~

Item 9.01 Financial Statements and Exhibits

(a)	Not applicable

(b)	Not applicable

(c)	Exhibits

Exhibit No.	Description
4.1	Amendment No. 2, dated as of June 1, 2006, to the Pooling and Servicing Agreement, dated as of October 1, 2004, by and among ACE Securities Corp., as Depositor, Wells Fargo Bank, N.A., as Master Servicer, Servicer and Securities Administrator, and HSBC Bank USA, National Association, as Trustee relating to the Series 2004-HE3 Certificates.

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: July 31, 2006

ACE SECURITIES CORP.

By:	/s/ Evelyn Echevarria
Name:	Evelyn Echevarria
Title:	Vice-President

By:	/s/ Doris J. Hearn
Name:	Doris J. Hearn
Title:	Vice-President

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.1	Amendment No. 2, dated as of June 1, 2006, to the Pooling and Servicing Agreement, dated as of October 1, 2004, by and among ACE Securities Corp., as Depositor, Wells Fargo Bank, N.A., as Master Servicer, Servicer and Securities Administrator, and HSBC Bank USA, National Association, as Trustee relating to the Series 2004-HE3 Certificates.	7

Filing Compare · ACE Securities Corp Series 2004-HE3