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): April 21, 2005~~25-Apr-05

Asset Backed Securities Corporation, Home Equity Loan Trust, Series 2005-HE2 Asset Backed Pass-Through Certificates, Series 2005-HE2

~~Home~~Asset ~~Equity~~Backed ~~Loan~~Securities ~~Trust, Series 2005-HE2~~Corporation

~~Asset~~(Exact Name ~~Backed~~of ~~Pass-Through~~Registrant ~~Certificates,~~as ~~Series~~Specified ~~2005-HE2~~in its Charter)

ASSET BACKED SECURITIES CORPORATION
Delaware	333-122372-01	13-3354848
(Exact name of registrant as specified in its charter)
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
New York	333-109307	13-3354848
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
Eleven Madison Avenue New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code (212) 325-2000

~~Check~~11 ~~the~~Madison ~~appropriate~~Avenue ~~box~~New ~~below~~York, ifNew ~~the~~York(Address ~~Form 8-K filing is intended to simultaneously satisfy the filing obligation~~ of ~~the~~PrincipalExecutive ~~registrant~~Offices) ~~under~~10010 ~~any~~(Zip ~~of the following provisions:~~Code)

~~Written~~Registrant's ~~communications~~telephone ~~pursuant~~number, toincluding ~~Rule~~area ~~425 under the Securities Act~~ code: (~~17 CFR 230.425~~212) ~~Soliciting material pursuant to Rule 14a~~325-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(d) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))2000

~~Item~~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.012. ~~Other~~ ~~Events.~~below):

On [ ] ~~March~~Written 4,communications ~~2005,~~pursuant ~~Asset~~to ~~Backed~~Rule ~~Securities~~425 ~~Corporation~~under (the ~~“Company”) entered into a Pooling and Servicing Agreement dated as of March 1, 2005 (the “Agreement”) among Asset Backed~~ Securities ~~Corporation,~~Act ~~as depositor,~~ (~~the~~17 ~~“Depositor”),~~CFR ~~DLJ Mortgage Capital, Inc~~230.~~, as seller (the “Seller”~~425), Saxon Mortgage Services, Inc., 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 2005-HE2 (the “Certificates”). The Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1.

~~Item~~ [ ] 9Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.~~01.~~14a-12(b))

~~Financial~~ [ ] ~~Statements,~~Pre-commencement ~~Pro~~communications ~~Forma~~pursuant ~~Financial~~to ~~Information~~Rule ~~and~~14d-2(b) ~~Exhibits~~under the Exchange Act (17 CFR 240.14d-2(b))

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

~~Not~~Item ~~applicable~~8.01 Other Events.

On 25-Apr-05 a scheduled distribution was made from the Trust to holders of the Certificates. The Trustee has caused to be filed with the Commission, the Monthly Report dated 25-Apr-05. The Monthly Report is filed pursuant to and in accordance with (r1) numerous no-action letters (2) current Commission policy in the area.

~~Not~~Item 9.01 Financial ~~applicable~~Statements and Exhibits.

(sC) Exhibits

~~Exhibits:~~Exhibit No. 99.1

~~99.1~~Monthly ~~Pooling~~Distribution ~~and Servicing Agreement~~Report dated: 25-Apr-05

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~registrant~~Registrant has duly caused this report to be signed on its behalf by the undersigned ~~thereunto~~hereunto duly authorized.

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

Asset Backed Securities Corporation

Home Equity Loan Trust Series 2005-HE2

Asset Backed Pass-Through Certificates, Series 2005-HE2

By:

/s/ ~~Gregory P. Richter__~~Sheryl Christopherson

Name:

~~Gregory P. Richter~~Sheryl Christopherson

Title:

Vice President

Dated: ~~March 4, 2005~~29-Apr-05

~~EXHIBIT~~Index ~~99.1~~to Exhibits

Exhibit No. 99.1

Monthly Distribution Report dated: 25-Apr-05

Filing Compare · Asset Backed Pass-Through Certificates, Series 2005-HE2