	Asset Backed Securities Corporation Home Equity Loan Trust	Contact:
	2005-HE2	Susan Burdick
	Asset Backed Pass-Through Certificates, Series 2005-HE2	Account Administrator
		651-495-3840
	STATEMENT TO CERTIFICATEHOLDERS	susan.burdick@usbank.com
	Section 4.02 of the PSA, dated March 1, 2005
Distribution Date:	December 27, 2005

		Original	Beginning				Interest		Ending
		Certificate	Certificate	Principal	Interest	Realized Loss	Shortfall	Total	Certificate
Class	Cusip	Face Value	Balance (1)	Distribution	Distribution (2)	of Principal	Amount	Distribution	Balance (1)
A-1	04541GPY2	$254,675,000.00	$90,144,830.30	$25,501,730.07	$344,854.06	N/A	$0.00	$25,846,584.13	$64,643,100.23
A-2	04541GPZ9	$265,285,000.00	$265,285,000.00	$0.00	$1,047,875.75	N/A	$0.00	$1,047,875.75	$265,285,000.00
A-3	04541GQA3	$30,000,000.00	$30,000,000.00	$0.00	$120,100.00	N/A	$0.00	$120,100.00	$30,000,000.00
M-1	04541GQB1	$62,381,000.00	$62,381,000.00	$0.00	$257,494.91	$0.00	$0.00	$257,494.91	$62,381,000.00
M-2	04541GQC9	$16,850,000.00	$16,850,000.00	$0.00	$70,301.94	$0.00	$0.00	$70,301.94	$16,850,000.00
M-3	04541GQD7	$27,964,000.00	$27,964,000.00	$0.00	$122,389.11	$0.00	$0.00	$122,389.11	$27,964,000.00
M-4	04541GQE5	$8,246,000.00	$8,246,000.00	$0.00	$36,749.67	$0.00	$0.00	$36,749.67	$8,246,000.00
M-5	04541GQF2	$10,397,000.00	$10,397,000.00	$0.00	$50,309.93	$0.00	$0.00	$50,309.93	$10,397,000.00
M-6	04541GQG0	$5,736,000.00	$5,736,000.00	$0.00	$28,265.73	$0.00	$0.00	$28,265.73	$5,736,000.00
M-7	04541GQH8	$7,887,000.00	$7,887,000.00	$0.00	$44,824.45	$0.00	$0.00	$44,824.45	$7,887,000.00
M-8	04541GQJ4	$10,397,000.00	$10,397,000.00	$0.00	$61,862.15	$0.00	$0.00	$61,862.15	$10,397,000.00
P	04541GQL9	$100.00	$100.00	$0.00	$464,417.14	$0.00	$0.00	$464,417.14	$100.00
X	04541GQK1	$0.00	$17,208,648.23	$0.00	$861,676.11	N/A	$0.00	$861,676.11	$17,208,648.23
R	04541GQM7	$0.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
Total		$699,818,100.00	$535,287,930.30	$25,501,730.07	$3,511,120.95	$0.00	$0.00	$29,012,851.02	$509,786,200.23
*Strip Amount for this period		$0.00

			Interest		Ending		Current	Next*
	Principal	Interest	Carry-forward	Total	Certificate		Pass-Through	Pass-Through
Class	Distribution	Distribution	Amount	Distribution	Balance	Class	Interest Rate	Interest Rate
A-1	$100.13440687	$1.35409467	$0.00000000	$101.48850154	$253.82585739	A-1	4.30375%	4.48875%
A-2	$0.00000000	$3.95000000	$0.00000000	$3.95000000	$1,000.00000000	A-2	4.44375%	4.62875%
A-3	$0.00000000	$4.00333333	$0.00000000	$4.00333333	$1,000.00000000	A-3	4.50375%	4.68875%
M-1	$0.00000000	$4.12777785	$0.00000000	$4.12777785	$1,000.00000000	M-1	4.64375%	4.82875%
M-2	$0.00000000	$4.17222196	$0.00000000	$4.17222196	$1,000.00000000	M-2	4.69375%	4.87875%
M-3	$0.00000000	$4.37666679	$0.00000000	$4.37666679	$1,000.00000000	M-3	4.92375%	5.10875%
M-4	$0.00000000	$4.45666626	$0.00000000	$4.45666626	$1,000.00000000	M-4	5.01375%	5.19875%
M-5	$0.00000000	$4.83888910	$0.00000000	$4.83888910	$1,000.00000000	M-5	5.44375%	5.62875%
M-6	$0.00000000	$4.92777720	$0.00000000	$4.92777720	$1,000.00000000	M-6	5.54375%	5.72875%
M-7	$0.00000000	$5.68333333	$0.00000000	$5.68333333	$1,000.00000000	M-7	6.39375%	6.57875%
M-8	$0.00000000	$5.95000000	$0.00000000	$5.95000000	$1,000.00000000	M-8	6.69375%	6.69866%
P	$0.00000000	$4,644,171.40000000	$0.00000000	$4,644,171.40000000	$1,000.00000000	P	N/A	N/A
X	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	X	1.87153%	1.87153%
R	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	R	0.00000%	0.00000%
						1 Mo LIBOR	4.19375%	4.37875%
								*estimated

Page 1

	Asset Backed Securities Corporation Home Equity Loan Trust	Contact:
	2005-HE2	Susan Burdick
	Asset Backed Pass-Through Certificates, Series 2005-HE2	Account Administrator
		651-495-3840
	STATEMENT TO CERTIFICATEHOLDERS	susan.burdick@usbank.com
	Section 4.02 of the PSA, dated March 1, 2005
Distribution Date:	December 27, 2005

(i)	Principal Distributions:
	Beginning Balance	552,496,578.53
	Scheduled Principal	420,006.31
	Prepayments (Includes Curtailments)	25,058,658.93
	Net Liquidation Proceeds	0.00
	Loan Principal Purchase Prices	0.00
	Total Principal Remittance	25,478,665.24
	Net Realized Losses	23,064.83
	Ending Balance	526,994,848.46
	Ending Count	3,039

(ii)

Aggregate Ending Collateral Balance

526,994,848.46

(iii)

Ending Overcollateralization Amount

17,208,648.23

(iv)

Number of Liquidated Loans

0.00

(v)	Interest Distributions:
	Scheduled Interest - Net of Servicing Fee	3,069,765.86
	Less Relief Act Interest Shortfall	0.07
	Less Net Prepayment Interest Shortfall	0.00
		3,069,765.93

(vi)

Servicing Fee:

230,206.90

	Advances
(vii)	Current Aggregate Advances as of determination date	681,109.83
	Outstanding Aggregate Advances as of end of prior calendar month	2,415,779.56

Page 2

	Asset Backed Securities Corporation Home Equity Loan Trust	Contact:
	2005-HE2	Susan Burdick
	Asset Backed Pass-Through Certificates, Series 2005-HE2	Account Administrator
		651-495-3840
	STATEMENT TO CERTIFICATEHOLDERS	susan.burdick@usbank.com
	Section 4.02 of the PSA, dated March 1, 2005
Distribution Date:	December 27, 2005

(ix)

Delinquency Information

	30-59 days delinquent		60-89 days delinquent		90 or more days delinquent
	Count	Balance	Count	Balance	Count	Balance
Total	54	8,368,822.52	35	6,190,895.92	15	2,096,471.85
*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

	Outstanding Loans		Foreclosure		Bankruptcy		REO
	Count	Balance	Count	Balance	Count	Balance	Count	Balance	Market Value
Total	3,039	526,994,848.46	67	10,812,754.32	27	3,115,198.47	7	1,020,039.47	3,299,972.98

Interest Shortfall
	Total	Realized	Prepayment	Relief Act	Net
	Unpaid	Losses	Interest	Interest	WAC Rate
			Shortfall	Shortfall	Carryover
A-1	0.00	0.00	0.00	0.00	0.00
A-2	0.00	0.00	0.00	0.00	0.00
A-3	0.00	0.00	0.00	0.00	0.00
M-1	0.00	0.00	0.00	0.00	0.00
M-2	0.00	0.00	0.00	0.00	0.00
M-3	0.00	0.00	0.00	0.00	0.00
M-4	0.00	0.00	0.00	0.00	0.00
M-5	0.00	0.00	0.00	0.00	0.00
M-6	0.00	0.00	0.00	0.00	0.00
M-7	0.00	0.00	0.00	0.00	0.00
M-8	0.00	0.00	0.00	0.00	0.00
P	0.00	0.00	0.00	0.00	0.00
X	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00

(x)	Number of Loans for which Prepayment Premiums were collected	87
	Number of Loans for which Prepayment Premiums were scheduled	0
	Principal Balance of Loans for which Prepayment Premiums were collected	17,252,764.00
	Current amount of Prepayment Premiums	464,417.14

Page 3

	Asset Backed Securities Corporation Home Equity Loan Trust	Contact:
	2005-HE2	Susan Burdick
	Asset Backed Pass-Through Certificates, Series 2005-HE2	Account Administrator
		651-495-3840
	STATEMENT TO CERTIFICATEHOLDERS	susan.burdick@usbank.com
	Section 4.02 of the PSA, dated March 1, 2005
Distribution Date:	December 27, 2005

(xi)	Realized Losses incurred during the related Due Period	23,064.83
	Cumulative Realized Losses since Startup Day	23,064.83
	Bankruptcy Losses	0.00

(xii)	Weighted Average Term to Maturity of Mortgage Loans	344
	Weighted Average Gross Coupon of Mortgage Loans	7.16741%
	Weighted Average Net Coupon of Mortgage Loans	6.66741%

(xiii)

Aggregate number of Mortgage Loans in the pool

3,039

(xiv)

Overcollateralization Target Amount

17,208,648.23

(xv)

Credit Enhancement Percentage

31.70176%

(xvi)

Overcollateralization Increase Amount

23,064.83

(xvii)

Overcollateralization Release Amount

0.00

(xviii)

Overcollateralization Deficiency Amount

23,064.83

(xix)

Excess Overcollateralized Amount

0.00

(xx)

Payment from Yield Maintenance Agreement

0.00

(xxi)

Net Monthly Excess Cash Flow

861,673.40

(xxii)

Extra Ordinary Trust Fund Expenses

0.00

(xxiii)

Trigger Event Occurence

(xxiv)

Step Down Date Occurred

(xxv)

Net WAC Rate

6.6987%

(xxvi)

Available Distribution Amount

29,012,848.31

(xxvii)

Deposit to Net WAC Reserve Fund

2.71

Page 4

Asset Backed Pass-Through Certificates, Series 2005-HE2 8-K