UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

~~Form~~ FORM 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT TO toSECTION ~~Section~~ 13 orOR 15(d) ofOF ~~the~~THE

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

Date of Report (Date of earliest event reported)

~~Reported): June 8, 2004 Asset Backed Securities Corporation, Home Equity Loan Trust, Series 2004~~25-~~HE4 Asset Backed Pass~~Aug-~~Through Certificates, Series 2004-HE4~~04

ASSET BACKED SECURITIES CORPORATION
(Exact name of registrant as specified in its charter)
New York	333-109307	13-3354848
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
11 Madison Avenue New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code (212) 325-2000

Asset Backed Securities Corporation, Home Equity Loan Trust, Series 2004-HE4
Asset Backed Pass-Through Certificates, Series 2004-HE4

~~Item~~Asset 5.Backed Securities Corporation

~~Other~~(Exact Name ~~Events.~~of Registrant as Specified in its Charter)

On June 8, 2004, Asset Backed Securities Corporation (the “Company”) entered into a Pooling and Servicing Agreement dated as of June 1, 2004 (the “Agreement”) among Asset Backed Securities Corporation, as depositor, (the “Depositor”), DLJ Mortgage Capital, Inc., as seller (the “Seller”), Litton Loan Servicing LP, as servicer (the “Servicer”) and U.S. Bank National Association, as trustee (the “Trustee”), providing for the issuance of the Company’s Asset Backed Pass-Through Certificates, Series 2004-HE4 (the “Certificates”). The Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1.

Delaware

333-109307-08

13-3354848

(State or Other Jurisdiction

Of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

~~Item~~11 ~~7. Financial~~Madison ~~Statements~~Avenue, ~~Pro~~Park ~~Forma~~Ave ~~Financial~~Plaza ~~Information~~New ~~and~~York, ~~Exhibits.~~New York(Address of PrincipalExecutive Offices) 10010 (Zip Code)

Registrant's telephone number, including area code: (a212) 325-1811

~~Not~~Check ~~applicable~~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):

[ ] Written communications pursuant to Rule 425 under the Securities Act (b17 CFR 230.425)

~~Not~~ [ ] ~~applicable~~Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

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

~~Exhibits:~~ [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

99Item 8.101 Other Events.

~~The~~On 25-Aug-04 a ~~Pooling~~scheduled ~~and~~distribution ~~Servicing~~was ~~Agreement~~made ~~dated~~from asthe Trust to holders of ~~June~~the 1,Certificates. ~~2004,~~The byTrustee has ~~and~~caused ~~among~~to ~~the~~be ~~Company,~~filed with the ~~Seller~~Commission, the ~~Servicer~~Monthly Report dated 25-Aug-04. The Monthly Report is filed pursuant to and in accordance with (1) numerous no-action letters (2) current Commission policy in the ~~Trustee~~area.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. 99.1

Monthly Distribution Report dated: 25-Aug-04

SIGNATURES

~~Filings~~Pursuant ~~Made~~to bythe requirements of the ~~Registrant. The~~Securities ~~registrant~~Exchange Act of 1934, the Registrant has duly caused this ~~form~~report to be signed on its behalf by the undersigned, ~~thereunto~~hereunto duly authorized~~, in the City of New York, State of New York, on July 13, 2004~~.

~~ASSET~~By: U.S. ~~BACKED~~Bank ~~SECURITIES~~National ~~CORPORATION~~Association, as Trustee for:

~~By:_/s/~~Asset ~~Joseph~~Backed C.Securities ~~Little~~ Corporation

~~Name:~~Home ~~Joseph~~Equity C.Loan ~~Little~~Trust Series 2004-HE4

~~Title: Vice~~Asset ~~President~~Backed Pass-Through Certificates, Series 2004-HE4

~~Exhibit Index~~By:

~~Exhibit~~/s/ Sheryl Christopherson

~~Page~~Name:

~~99.1~~Sheryl ~~The Pooling and Servicing Agreement dated as of June 1, 2004, by and among the Company, the Seller, the Servicer and the Trustee. 6~~Christopherson

~~EXHIBIT 99.1~~Title:

Vice President

Dated: 25-Aug-04

Index to Exhibits

Exhibit No. 99.1

Monthly Distribution Report dated: 25-Aug-04

Filing Compare · Asset Backed Pass-Through Certificates, Series 2004-HE4