SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

Current Report Pursuant To Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 25, 2002

MORGAN STANLEY DEAN WITTER CAPITAL I INC.

(as Depositor, The Provident Bank as Servicer, IndyMac Bank, F.S.B.,

as Servicer and Deutsche Bank National Trust Company.,

as trustee).

MORTGAGE PASS THROUGH CERTIFICATES SERIES 2002-HE2

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-83986-05 13-3291626

(Commission File Number) (I.R.S. Employer Identification No.)

1585 BROADWAY, 2ND FLOOr

NEW YORK, NEW YORK 10036

(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, Including Area Code: (212) 296-7000

Item 5. Other Events

Attached hereto is a copy of the Monthly Remittance Statements to the

Certificateholders which was derived from the monthly information

submitted by the Master Servicer of the Trust to the Trustee.

Item 7. Financial Statement and Exhibits

Exhibits: (as noted in Item 5 above)

Monthly Remittance Statement to the Certificateholders dated as of

October 26, 2002.

SIGNATURE

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, hereunto duly authorized.

Deutsche Bank National Trust Company,

not in its individual capacity, but solely

as a duly authorized agent of the Registrant

pursuant to the Pooling and Servicing

Agreement, dated as of July 1, 2002.

Date: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of October 25, 2002.


	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates


	October 25, 2002 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				8
			4.	Credit Enhancement Report				11
			5.	Collateral Report				12
			6.	Delinquency Report				15
			7.	REO Report				18
			8.	Foreclosure Report				19
			9.	Prepayment Report				20
			10.	Prepayment Detail Report				23
			11.	Realized Loss Report				25
			12.	Realized Loss Detail Report				28
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				29




				Total Number of Pages				29



			CONTACTS

				Administrator: Jeremy B Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: http://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Morgan Stanley					Cut-Off Date: July 1, 2002
	Certificate Insurer(s):							Closing Date: July 25, 2002
								First Payment Date: August 26, 2002
	Servicer(s):		IndyMac Bank Master Servicer
			Provident Bank Master Servicer

								Distribution Date: October 25, 2002
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: October 24, 2002
								September 30, 2002






						Page 1 of 29					© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates
	REMIC I Series 2002-HE2
	Certificate Payment Report for October 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

LT-ACCRUAL		316,856,269.00			310,869,597.41	2,141,047.85	4,089,801.78	6,230,849.63	-	-	306,779,795.63
LT1-A-1		218,326,500.00			213,717,533.94	1,471,933.80	3,175,545.74	4,647,479.54	-	-	210,541,988.20
LT1-A-2		36,250,000.00			34,872,732.44	240,178.48	914,281.85	1,154,460.33	-	-	33,958,450.59
LT1-M-1		19,462,500.00			19,462,500.00	134,043.81	-	134,043.81	-	-	19,462,500.00
LT1-M-2		15,570,500.00			15,570,500.00	107,238.49	-	107,238.49	-	-	15,570,500.00
LT1-B-1		13,235,000.00			13,235,000.00	91,153.23	-	91,153.23	-	-	13,235,000.00
LT1-B-2		3,114,000.00			3,114,000.00	21,447.01	-	21,447.01	-	-	3,114,000.00
LT-GRP I		1,715.21			1,682.80	11.69	22.14	33.83	-	-	1,660.66
LT-GRP II		284.79			279.41	1.82	3.68	5.50	-	-	275.73
LT-R		-			-	-	-	-	-	-	-


Total		622,816,769.00			610,843,826.00	4,207,056.18	8,179,655.18	12,386,711.36	-	-	602,664,170.82


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

LT-ACCRUAL	09/25/02	10/24/02		A-Act/360		316,856,269.00	981.106034	6.757158	12.907435	19.664593	968.198599
LT1-A-1	09/25/02	10/24/02		A-Act/360		218,326,500.00	978.889571	6.741893	14.544940	21.286832	964.344632
LT1-A-2	09/25/02	10/24/02		A-Act/360		36,250,000.00	962.006412	6.625613	25.221568	31.847182	936.784844
LT1-M-1	09/25/02	10/24/02		A-Act/360		19,462,500.00	1,000.000000	6.887286	-	6.887286	1,000.000000
LT1-M-2	09/25/02	10/24/02		A-Act/360		15,570,500.00	1,000.000000	6.887286	-	6.887286	1,000.000000
LT1-B-1	09/25/02	10/24/02		A-Act/360		13,235,000.00	1,000.000000	6.887286	-	6.887286	1,000.000000
LT1-B-2	09/25/02	10/24/02		A-Act/360		3,114,000.00	1,000.000000	6.887286	-	6.887286	1,000.000000
LT-GRP I	09/25/02	10/24/02		A-Act/360		1,715.21	981.106045	6.815492	12.907457	19.722949	968.198588
LT-GRP II	09/25/02	10/24/02		A-Act/360		284.79	981.106078	6.390674	12.907405	19.298079	968.198673
LT-R	09/25/02	10/24/02		A-Act/360		-	-	-	-	-	-


							Page 2 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates
	REMIC I Series 2002-HE2
	Certificate Payment Report for October 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

LT-ACCRUAL	316,856,269.00		6,157,844.22		10,076,473.37	0.00	10,076,473.37	16,234,317.59	-	-	306,779,795.63
LT1-A-1	218,326,500.00		4,237,763.59		7,784,511.80	-	7,784,511.80	12,022,275.39	-	-	210,541,988.20
LT1-A-2	36,250,000.00		698,241.45		2,291,549.41	-	2,291,549.41	2,989,790.86	-	-	33,958,450.59
LT1-M-1	19,462,500.00		381,827.65		-	-	-	381,827.65	-	-	19,462,500.00
LT1-M-2	15,570,500.00		305,471.93		-	-	-	305,471.93	-	-	15,570,500.00
LT1-B-1	13,235,000.00		259,652.60		-	-	-	259,652.60	-	-	13,235,000.00
LT1-B-2	3,114,000.00		61,092.42		-	-	-	61,092.42	-	-	3,114,000.00
LT-GRP I	1,715.21		32.99		54.55	0.00	54.55	87.54	-	-	1,660.66
LT-GRP II	284.79		4.82		9.06	-	9.06	13.88	-	-	275.73
LT-R	-		-		-	-	-	-	-	-	-


Total	622,816,769.00		12,101,931.67		20,152,598.18	0.00	20,152,598.18	32,254,529.85	-	-	602,664,170.82


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

LT-ACCRUAL	8.26474%	310,869,597.41			2,141,047.85	-	-	-	2,141,047.85	2,141,047.85	-
LT1-A-1	8.26474%	213,717,533.94			1,471,933.80	-	-	-	1,471,933.80	1,471,933.80	-
LT1-A-2	8.26474%	34,872,732.44			240,178.48	-	-	-	240,178.48	240,178.48	-
LT1-M-1	8.26474%	19,462,500.00			134,043.81	-	-	-	134,043.81	134,043.81	-
LT1-M-2	8.26474%	15,570,500.00			107,238.49	-	-	-	107,238.49	107,238.49	-
LT1-B-1	8.26474%	13,235,000.00			91,153.23	-	-	-	91,153.23	91,153.23	-
LT1-B-2	8.26474%	3,114,000.00			21,447.01	-	-	-	21,447.01	21,447.01	-
LT-GRP I	8.33894%	1,682.80			11.69	-	-	-	11.69	11.69	-
LT-GRP II	7.81152%	279.41			1.82	-	-	-	1.82	1.82	-
LT-R		-			-	-	-	-	-	-	-


Total		610,843,826.00			4,207,056.18	-	-	-	4,207,056.18	4,207,056.18	-


							Page 3 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates
	REMIC II Series 2002-HE2
	Certificate Payment Report for October 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A-1		436,653,000.00			427,435,067.88	799,214.53	6,351,091.49	7,150,306.02	-	-	421,083,976.39
A-2		72,500,000.00			69,745,464.87	122,853.73	1,828,563.69	1,951,417.42	-	-	67,916,901.18
M-1		38,925,000.00			38,925,000.00	81,539.77	-	81,539.77	-	-	38,925,000.00
M-2		31,141,000.00			31,141,000.00	79,506.87	-	79,506.87	-	-	31,141,000.00
B-1		26,470,000.00			26,470,000.00	87,433.72	-	87,433.72	-	-	26,470,000.00
B-2		6,228,000.00			6,228,000.00	11,677.50	-	11,677.50	-	-	6,228,000.00
X		10,899,769.00			10,899,293.25	3,024,830.06	-	3,024,830.06	-	-	10,899,293.25
R		-			-	-	-	-	-	-	-


Total		622,816,769.00			610,843,826.00	4,207,056.18	8,179,655.18	12,386,711.36	-	-	602,664,170.82


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	09/25/02	10/24/02		A-Act/360	61746WRV4	436,653,000.00	978.889571	1.830320	14.544940	16.375259	964.344632
A-2	09/25/02	10/24/02		A-Act/360	61746WRQ5	72,500,000.00	962.006412	1.694534	25.221568	26.916102	936.784844
M-1	09/25/02	10/24/02		A-Act/360	61746WRR3	38,925,000.00	1,000.000000	2.094792	-	2.094792	1,000.000000
M-2	09/25/02	10/24/02		A-Act/360	61746WRS1	31,141,000.00	1,000.000000	2.553125	-	2.553125	1,000.000000
B-1	09/25/02	10/24/02		A-Act/360	61746WRT9	26,470,000.00	1,000.000000	3.303125	-	3.303125	1,000.000000
B-2	09/25/02	10/24/02		A-Act/360	61746WRU6	6,228,000.00	1,000.000000	1.875000	-	1.875000	1,000.000000
X	09/25/02	10/24/02		A-Act/360	MS02H2101	633,716,538.00	981.106034	4.773159	-	4.773159	968.198599
R	09/25/02	10/24/02		A-Act/360	MS02H2103	-	-	-	-	-	-


							Page 4 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates
	REMIC II Series 2002-HE2
	Certificate Payment Report for October 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A-1	436,653,000.00		2,485,729.00		15,569,023.61	-	15,569,023.61	18,054,752.61	-	-	421,083,976.39
A-2	72,500,000.00		386,048.13		4,583,098.82	-	4,583,098.82	4,969,146.95	-	-	67,916,901.18
M-1	38,925,000.00		250,731.18		-	-	-	250,731.18	-	-	38,925,000.00
M-2	31,141,000.00		244,364.00		-	-	-	244,364.00	-	-	31,141,000.00
B-1	26,470,000.00		268,591.58		-	-	-	268,591.58	-	-	26,470,000.00
B-2	6,228,000.00		45,979.97		-	-	-	45,979.97	-	-	6,228,000.00
X	10,899,769.00		8,420,487.81		475.75	-	475.75	8,420,963.56	-	-	10,899,293.25
R	-		-		-	-	-	-	-	-	-


Total	622,816,769.00		12,101,931.67		20,152,598.18	-	20,152,598.18	32,254,529.85	-	-	602,664,170.82


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A-1	2.24375%	427,435,067.88			799,214.53	-	-	-	799,214.53	799,214.53	-
A-2	2.11375%	69,745,464.87			122,853.73	-	-	-	122,853.73	122,853.73	-
M-1	2.51375%	38,925,000.00			81,539.77	-	-	-	81,539.77	81,539.77	-
M-2	3.06375%	31,141,000.00			79,506.87	-	-	-	79,506.87	79,506.87	-
B-1	3.96375%	26,470,000.00			87,433.72	-	-	-	87,433.72	87,433.72	-
B-2	2.25000%	6,228,000.00			11,677.50	-	-	-	11,677.50	11,677.50	-
X	5.94227%	621,743,119.46			3,024,830.06	-	-	-	3,024,830.06	3,024,830.06	-
R		-			-	-	-	-	-	-	-


Total		1,221,687,652.21			4,207,056.18	-	-	-	4,207,056.18	4,207,056.18	-


							Page 5 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates
	REMIC III Series 2002-HE2
	Certificate Payment Report for October 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

P		-			-	156,024.63	-	156,024.63	-	-	-


Total		-			-	156,024.63	-	156,024.63	-	-	-


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

P	09/25/02	10/24/02		A-Act/360	MS02H2102	-	-	-	-	-	-


							Page 6 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates
	REMIC III Series 2002-HE2
	Certificate Payment Report for October 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

P	-		388,913.83		-	-	-	388,913.83	-	-	-


Total	-		388,913.83		-	-	-	388,913.83	-	-	-


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

P		-			156,024.63	-	-	-	156,024.63	156,024.63	-


Total		-			156,024.63	-	-	-	156,024.63	156,024.63	-


							Page 7 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections					1,828,563.69	6,351,091.49	8,179,655.18
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					1,828,563.69	6,351,091.49	8,179,655.18

	Interest Collections					563,510.00	3,682,528.85	4,246,038.85
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(10,495.16)	(76,599.10)	(87,094.26)
	TOTAL NET INTEREST					553,014.84	3,605,929.75	4,158,944.59

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					2,381,578.53	9,957,021.24	12,338,599.77


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received					60,149.70	331,398.42	391,548.12
	Prepayments In Full					1,680,111.79	5,843,876.05	7,523,987.84
	Curtailments					5,921.40	44,554.10	50,475.50
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(54,785.00)	(284,320.87)	(339,105.87)
	Advanced Principal					54,785.00	284,320.87	339,105.87

	TOTAL PRINCIPAL COLLECTED					1,828,563.69	6,351,091.49	8,179,655.18


				Page 8 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Interest					595,604.12	3,869,190.03	4,464,794.15
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(534,925.08)	(3,308,657.04)	(3,843,582.12)
	Interest Advanced					502,830.96	3,121,995.86	3,624,826.82

	TOTAL INTEREST COLLECTED					563,510.00	3,682,528.85	4,246,038.85


				Page 9 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL

	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00

	TOTAL INTEREST WITHDRAWALS							0.00


INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Prepayment Charges							156,024.63



	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	156,024.63


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					3,675.66	31,998.28	35,673.94
	Lender Paid PMI					6,354.05	41,757.54	48,111.59
	Trustee Fee					465.45	2,843.28	3,308.73


	TOTAL INTEREST OTHER FEES					10,495.16	76,599.10	87,094.26


				Page 10 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for October 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL

	Beginning Subordinated Amount							10,899,293.46
	Ending Subordinated Amount							10,899,293.46
	Specified Subordinated Amount							10,899,293.46


	Senior Enhancement Percentage							18.86%


				Page 11 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					210	3988	4198
	Prior					204	3,922	4,126
	Prefunding					81	458	539
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(5)	(44)	(49)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					280	4,336	4,616

	*Principal Balance:*
	Original					71,884,161.85	475,932,607.36	547,816,769.21
	Prior					69,129,531.38	466,714,294.83	535,843,826.21
	Prefunding					16,717,946.27	58,068,410.01	74,786,356.28
	Scheduled Principal					(60,149.70)	(331,398.42)	(391,548.12)
	Partial and Full Voluntary Prepayments					(1,686,033.19)	(5,888,430.15)	(7,574,463.34)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					84,101,294.76	518,562,876.27	602,664,171.03

PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 12 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					8.342699%	8.914349%	8.839337%
	Weighted Average Coupon Prior					8.324008%	8.909394%	8.833002%
	Weighted Average Coupon Current					8.325521%	8.847525%	8.774137%
	Weighted Average Months to Maturity Original					21	43	40
	Weighted Average Months to Maturity Prior					353	346	347
	Weighted Average Months to Maturity Current					348	344	345
	Weighted Avg Remaining Amortization Term Original					-	-	-
	Weighted Avg Remaining Amortization Term Prior					353	352	352
	Weighted Avg Remaining Amortization Term Current					351	351	351
	Weighted Average Seasoning Original					-	-	-
	Weighted Average Seasoning Prior					4.31	4.37	4.36
	Weighted Average Seasoning Current					5.02	5.19	5.17

Note: Original information refers to deal issue.


	Group 1
	Group 2
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 13 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					5.832%	5.763%
	Weighted Average Margin Prior					5.841%	5.762%
	Weighted Average Margin Current					5.982%	5.860%
	Weighted Average Max Rate Original					13.509%	13.099%
	Weighted Average Max Rate Prior					13.478%	13.094%
	Weighted Average Max Rate Current					12.854%	12.744%
	Weighted Average Min Rate Original					7.512%	7.651%
	Weighted Average Min Rate Prior					7.481%	7.645%
	Weighted Average Min Rate Current					6.962%	7.371%
	Weighted Average Cap Up Original					2.851%	2.603%
	Weighted Average Cap Up Prior					1.000%	1.000%
	Weighted Average Cap Up Current					0.970%	0.972%
	Weighted Average Cap Down Original					2.851%	2.603%
	Weighted Average Cap Down Prior					1.000%	1.000%
	Weighted Average Cap Down Current					0.970%	0.972%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					3,675.66	31,998.28	35,673.94
	Delinquent Servicing Fees					32,094.12	186,661.18	218,755.30
	TOTAL SERVICING FEES					35,769.78	218,659.46	254,429.24


	Prepayment Interest Shortfall					0.00	0.00	0.00
	Compensating Interest					0.00	0.00	0.00

	Delinquent Servicing Fees					(32,094.12)	(186,661.18)	(218,755.30)

	COLLECTED SERVICING FEES					3,675.66	31,998.28	35,673.94

	Aggregate Advances with respect to this Distribution					557,615.96	3,406,316.73	3,963,932.69
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative Nonrecoverable Advances					0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Net Prepayment Interest Shortfall							0.00

	Net Monthly Excess Cash Flow							3,024,830.06


	Ending Pool Stated Principal Balance					84,101,294.76	518,562,876.27	602,664,171.03


				Page 14 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			7,665,564.87	1,974,385.00	463,249.78	10,103,199.65
		% Balance			1.27%	0.33%	0.08%	1.68%
		# Loans			76	19	2	97
		% # Loans			1.65%	0.41%	0.04%	2.10%
FORECLOSURE		Balance		115,970.88	-	979,954.84	1,302,830.71	2,398,756.43
		% Balance		0.02%	0.00%	0.16%	0.22%	0.40%
		# Loans		1	-	8	10	19
		% # Loans		0.02%	0.00%	0.17%	0.22%	0.41%
BANKRUPTCY		Balance		-	102,343.62	-	-	102,343.62
		% Balance		0.00%	0.02%	0.00%	0.00%	0.02%
		# Loans		-	1	-	-	1
		% # Loans		0.00%	0.02%	0.00%	0.00%	0.02%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		115,970.88	7,767,908.49	2,954,339.84	1,766,080.49	12,604,299.70
		% Balance		0.02%	1.29%	0.49%	0.29%	2.09%
		# Loans		1	77	27	12	117
		% # Loans		0.02%	1.67%	0.58%	0.26%	2.53%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 15 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Group 1 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			7,329,348.95	1,541,238.59	104,660.59	8,975,248.13
		% Balance			1.41%	0.30%	0.02%	1.73%
		# Loans			75	17	1	93
		% # Loans			1.73%	0.39%	0.02%	2.14%
FORECLOSURE		Balance		115,970.88	-	906,627.23	923,933.10	1,946,531.21
		% Balance		0.02%	0.00%	0.17%	0.18%	0.38%
		# Loans		1	-	7	9	17
		% # Loans		0.02%	0.00%	0.16%	0.21%	0.39%
BANKRUPTCY		Balance		-	102,343.62	-	-	102,343.62
		% Balance		0.00%	0.02%	0.00%	0.00%	0.02%
		# Loans		-	1	-	-	1
		% # Loans		0.00%	0.02%	0.00%	0.00%	0.02%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		115,970.88	7,431,692.57	2,447,865.82	1,028,593.69	11,024,122.96
		% Balance		0.02%	1.43%	0.47%	0.20%	2.13%
		# Loans		1	76	24	10	111
		% # Loans		0.02%	1.75%	0.55%	0.23%	2.56%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 16 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Group 2 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			336,215.92	433,146.41	358,589.19	1,127,951.52
		% Balance			0.40%	0.52%	0.43%	1.34%
		# Loans			1	2	1	4
		% # Loans			0.36%	0.71%	0.36%	1.43%
FORECLOSURE		Balance		-	-	73,327.61	378,897.61	452,225.22
		% Balance		0.00%	0.00%	0.09%	0.45%	0.54%
		# Loans		-	-	1	1	2
		% # Loans		0.00%	0.00%	0.36%	0.36%	0.71%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	336,215.92	506,474.02	737,486.80	1,580,176.74
		% Balance		0.00%	0.40%	0.60%	0.88%	1.88%
		# Loans		-	1	3	2	6
		% # Loans		0.00%	0.36%	1.07%	0.71%	2.14%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 17 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	REO Report for October 25, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 18 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Foreclosure Report for October 25, 2002 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 15				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 1,852,609.42				Loan Group 2 = Group 2 Group
Total Current Balance = 1,824,852.92


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

1578871 1		287,472.87	286,934.46	Jun-01-02	8.500%	CA - 90.00%	360	Mar-14-02
1587145 1		74,934.77	74,834.85	May-01-02	10.100%	MI - 75.00%	360	Apr-04-02
1635204 1		96,304.06	96,104.18	Jun-01-02	7.990%	OR - 58.48%	360	Mar-27-02
1687077 1		119,811.11	119,617.83	Jun-01-02	9.230%	MS - 75.00%	360	Mar-08-02
1753851 1		24,983.41	-	Oct-01-02	13.200%	MO - 50.00%	360	Mar-21-02
1834665 1		32,475.47	32,450.15	May-01-02	12.625%	MI - 65.00%	360	Mar-28-02
1880594 1		187,349.67	187,119.21	Jun-01-02	10.480%	FL - 75.00%	360	Apr-29-02
1890697 1		166,351.75	166,124.72	May-01-02	9.990%	FL - 90.00%	360	Apr-03-02
1900870 1		76,668.49	76,619.89	May-01-02	13.500%	MN - 65.00%	360	Apr-02-02
1937235 1		61,272.59	61,188.99	Jun-01-02	9.950%	LA - 68.11%	360	May-29-02
2016222 1		97,404.70	97,258.88	Jun-01-02	9.550%	NY - 69.64%	360	May-06-02
2029324 1		58,462.02	58,403.67	Jun-01-02	11.450%	MI - 75.00%	360	Apr-23-02
2075458 1		116,139.70	115,970.88	Aug-01-02	9.690%	MD - 75.00%	360	Apr-25-02
1644718 2		73,414.95	73,327.61	Jun-01-02	10.680%	TX - 70.00%	360	Mar-04-02
1992643 2		379,563.86	378,897.61	May-01-02	8.780%	TX - 80.00%	360	Apr-23-02


				Page 19 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans					5	44	49
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					5	44	49

	Paid in Full Balance					1,680,111.79	5,843,876.05	7,523,987.84
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					5,921.40	44,554.10	50,475.50
	Total Prepayment Amount					1,686,033.19	5,888,430.15	7,574,463.34

	*Cumulative*
	Number of Paid in Full Loans					11	108	119
	Number of Repurchased Loans					-	2	2
	Total Number of Loans Prepaid in Full					11	110	121

	Paid in Full Balance					4,335,297.79	14,160,542.98	18,495,840.77
	Repurchased Loans Balance					-	227,872.38	227,872.38
	Curtailments Amount					9,393.72	135,080.21	144,473.93
	Total Prepayment Amount					4,344,691.51	14,523,495.57	18,868,187.08

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 20 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					1.97%	1.12%	1.24%
	3 Months Avg SMM					1.90%	0.98%	1.11%
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.90%	0.98%	1.11%

	CPR					21.19%	12.67%	13.92%
	3 Months Avg CPR					20.57%	11.17%	12.49%
	12 Months Avg CPR
	Avg CPR Since Cut-off					20.57%	11.17%	12.49%

	PSA					2109.36%	1220.49%	1346.67%
	3 Months Avg PSA Approximation					3307.49%	1752.70%	1965.20%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					3307.49%	1752.70%	1965.20%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 21 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1
	Group 2

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 22 of 29				© COPYRIGHT 2002 Deutsche Bank


	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 49						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 7,534,619.34						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 7,523,987.84


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

1282069 1			77,441.41	77,376.02	Sep-03-02	10.450%	AZ - 80.00%	Paid Off - 360	Jan-31-02
1301160 1			179,559.06	179,382.70	Sep-04-02	9.750%	CA - 78.26%	Paid Off - 360	Jan-31-02
1348213 1			73,079.90	72,992.97	Sep-05-02	8.760%	MI - 59.07%	Paid Off - 360	Feb-28-02
1521233 1			64,820.18	64,728.48	Sep-20-02	7.900%	CA - 32.50%	Paid Off - 360	Feb-19-02
1527762 1			93,292.87	93,187.19	Sep-27-02	8.999%	MA - 85.00%	Paid Off - 360	Feb-26-02
1538101 1			208,427.88	208,175.32	Sep-04-02	8.630%	VA - 80.00%	Paid Off - 360	Mar-11-02
1578405 1			110,428.88	110,290.42	Sep-20-02	8.500%	TN - 90.00%	Paid Off - 360	Feb-28-02
1587269 1			131,036.33	130,870.36	Sep-30-02	8.375%	CA - 80.00%	Paid Off - 360	Apr-16-02
1588966 1			89,948.22	89,843.52	Oct-01-02	8.750%	GA - 75.00%	Paid Off - 360	May-03-02
1611915 1			208,618.81	207,822.41	Oct-01-02	8.340%	MO - 70.00%	Paid Off - 240	Feb-22-02
1624214 1			91,409.62	91,317.80	Oct-01-02	9.500%	CA - 66.79%	Paid Off - 360	Apr-17-02
1640180 1			242,065.27	241,637.67	Oct-01-02	7.875%	MD - 80.00%	Paid Off - 360	Apr-26-02
1640461 1			62,920.05	62,865.60	Sep-05-02	10.250%	GA - 70.00%	Paid Off - 360	Mar-29-02
1668196 1			169,242.73	169,001.14	Sep-13-02	7.850%	CA - 80.00%	Paid Off - 360	Mar-22-02
1677067 1			171,866.17	171,267.34	Oct-01-02	8.090%	MN - 72.10%	Paid Off - 240	Feb-14-02
1677218 1			294,000.00	293,685.90	Sep-30-02	9.125%	CA - 70.00%	Paid Off - 360	Jun-11-02
1677821 1			117,056.02	116,910.01	Oct-01-02	8.450%	CA - 84.95%	Paid Off - 180	Apr-24-02
1680334 1			205,000.00	203,980.94	Sep-30-02	8.250%	CA - 85.42%	Paid Off - 240	Apr-24-02
1685783 1			83,054.43	82,989.82	Sep-30-02	10.750%	MN - 61.59%	Paid Off - 360	Mar-21-02
1700596 1			81,263.64	81,170.51	Sep-30-02	8.990%	CO - 58.21%	Paid Off - 360	Mar-15-02
1717189 1			84,482.88	84,425.09	Sep-27-02	7.900%	MI - 58.62%	Paid Off - 360	Mar-12-02
1720767 1			93,353.44	93,253.84	Sep-13-02	9.250%	IL - 85.00%	Paid Off - 360	Mar-27-02
1735691 1			147,893.74	147,785.53	Sep-13-02	10.990%	GA - 59.20%	Paid Off - 360	Apr-24-02
1736108 1			175,642.64	175,400.41	Sep-03-02	7.990%	CA - 84.21%	Paid Off - 360	Mar-21-02
1743589 1			29,957.66	29,921.09	Sep-03-02	9.750%	WA - 57.03%	Paid Off - 360	Mar-15-02
1753851 1		FCL	24,983.41	24,972.04	Sep-27-02	13.200%	MO - 50.00%	Paid Off - 360	Mar-21-02
1765086 1			65,496.74	65,426.57	Sep-13-02	9.230%	FL - 80.00%	Paid Off - 360	Mar-25-02
1767097 1			70,485.58	70,420.21	Sep-16-02	9.880%	MO - 85.00%	Paid Off - 360	Apr-05-02
1769774 1			92,172.78	92,120.00	Sep-12-02	12.159%	FL - 75.00%	Paid Off - 360	Mar-27-02
1783106 1			169,844.23	169,737.83	Sep-04-02	11.750%	CA - 65.38%	Paid Off - 360	Mar-28-02
1802828 1			167,604.44	167,336.73	Sep-16-02	7.250%	CA - 74.67%	Paid Off - 360	Mar-21-02
1852906 1			271,550.83	271,245.74	Sep-06-02	8.999%	MD - 80.00%	Paid Off - 360	Mar-30-02
1860240 1			70,902.79	70,805.69	Sep-12-02	7.990%	MO - 79.78%	Paid Off - 360	Apr-10-02
1916998 1			237,140.65	237,028.92	Sep-30-02	12.990%	NY - 65.00%	Paid Off - 360	Apr-20-02
1929089 1			147,889.26	147,763.53	Sep-04-02	10.800%	CA - 80.00%	Paid Off - 360	Apr-08-02
1946676 1			119,909.24	119,816.84	Sep-24-02	10.750%	FL - 80.00%	Paid Off - 360	Apr-22-02
1956779 1			262,814.37	262,439.51	Sep-04-02	7.750%	MI - 76.45%	Paid Off - 360	May-31-02
1974416 1			179,745.08	179,486.86	Sep-12-02	7.750%	CA - 75.00%	Paid Off - 360	Apr-17-02
1989979 1			175,873.88	175,745.44	Sep-09-02	10.999%	CA - 70.40%	Paid Off - 360	May-06-02
1996193 1			99,385.08	99,268.48	Sep-17-02	8.750%	OH - 41.46%	Paid Off - 360	Apr-22-02
2112701 1			28,672.15	28,643.86	Sep-24-02	11.750%	LA - 70.00%	Paid Off - 360	May-07-02
2130912 1			37,474.83	37,423.99	Sep-03-02	8.000%	PA - 50.00%	Paid Off - 360	May-30-02
2185083 1			116,958.27	116,873.66	Sep-11-02	10.999%	MN - 68.82%	Paid Off - 360	May-21-02
2245248 1			227,347.04	227,038.06	Sep-09-02	7.990%	HI - 65.00%	Paid Off - 360	Jun-03-02

					Page 23 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for October 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

1538329 2			417,351.99	416,918.00	Oct-01-02	9.375%	KS - 63.33%	Paid Off - 360	Mar-28-02
1568783 2			138,100.00	137,607.85	Sep-30-02	8.990%	OR - 73.46%	Paid Off - 180	Jan-31-02
1608014 2			387,365.55	387,092.89	Oct-01-02	11.125%	CA - 63.52%	Paid Off - 360	May-13-02
1699822 2			349,289.32	348,807.61	Sep-12-02	7.990%	CA - 79.91%	Paid Off - 360	Mar-18-02
2280175 2			390,400.00	389,685.44	Sep-17-02	8.500%	CA - 80.00%	Paid Off - 360	Jun-05-02


					Page 24 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	*Cumulative*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.


	Cumulative Loss Percentage							0.00%


	Group 1						3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 25 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL

	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%

	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Group 1
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 26 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Realized Loss Report for October 25, 2002 Distribution


	Realized Loss Report - Collateral

	Group 1
	Group 2

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 27 of 29				© COPYRIGHT 2002 Deutsche Bank


	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Realized Loss Detail Report for October 25, 2002 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00


Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 28 of 29				© COPYRIGHT 2002 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2002-HE2
	Mortgage Pass-Through Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 25, 2002 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL

	Has a Stepdown Date occurred?							No

	Does Trigger Event exist?							No
	(60+ Day Delq % is > = to 40% of Senior Enhancement %)
	(x) 60+ Day Delq loans							4,938,734.83
	(y) Stated Principal Balance							602,664,171.03
	60+ Day Delq % ( quotient of (x) over (y) )							0.82%
	Trigger Event 40% of Sr Enhancement Percentage							7.44%

	*Senior Enhancement Percentage*							18.86%


ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Basis Risk Carry Forward Amount							0.00


				Page 29 of 29				© COPYRIGHT 2002 Deutsche Bank

MORTGAGE PASS THROUGH CERTIFICATES SERIES 2002-HE2 8-K/A