SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K 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~~November 2725, 2003 MORGAN STANLEY ABS CAPITAL I INC. (as Depositor, Ocwen Federal Bank FSB as Servicer, CDC Mortgage as Unaffiliated Seller and Deutsche Bank National Trust Company, as Trustee). MORGAN STANLEY ABS CAPITAL I INC CDC MOR CAP TR 2003-HE3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-104046-09 13-3939229 (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) 761-4000 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~~November 2725, 2003. 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 August 1,2003.. Date: ~~Oct~~Nov 2926, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~October~~November 2725, 2003.

	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	October 27, 2003 Distribution
	November 25, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				2021
			12.	Realized Loss Detail Report				2324
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2425
				Total Number of Pages				2425
			CONTACTS
				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		CDC Mortgage Capital					Cut-Off Date: August 1, 2003
	Certificate Insurer(s):							Closing Date: August 25, 2003
								First Payment Date: September 25, 2003
	Servicer(s):		Ocwen Federal Master Servicer
								Distribution Date: October 27, 2003
								Distribution Date: November 25, 2003
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: ~~September~~October 3031, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	REMIC III Series 2003-HE3
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 25, 2003 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	FLT	200,000,000.00			~~199~~196,~~181~~729,~~368~~679.6213	~~251~~225,~~411~~036.1589	24,~~451~~529,~~689~~088.4919	24,~~703~~754,~~100~~125.6408	-	-	~~196~~192,~~729~~200,~~679~~590.1394
A-2	FLT	110,000,000.00			~~109~~107,~~144~~758,~~660~~022.6638	~~143~~128,~~585~~471.8651	12,~~386~~000,~~638~~038.2792	12,~~530~~128,~~224~~510.1343	-	-	~~107~~105,~~758~~757,~~022~~983.3846
A-3	FLT	145,000,000.00			~~143~~142,~~872~~044,~~507~~665.2387	~~181~~162,~~599~~483.0832	12,~~827~~636,~~841~~414.3694	2,~~009~~798,~~440~~898.4426	-	-	~~142~~139,~~044~~408,~~665~~250.8793
A-4	FLT	80,000,000.00			7977,~~029~~457,~~850~~087.7984	9281,~~025~~738.8774	12,~~572~~268,~~762~~431.9590	12,~~664~~350,~~788~~170.8264	-	-	7775,~~457~~188,~~087~~655.8494
A-5	FLT	44,765,000.00			44,765,000.00	6458,~~461~~418.6033	-66.79	6458,~~461~~485.6012	-	-	44,~~765~~764,~~000~~933.0021
M-1	MEZ	45,311,000.00			45,311,000.00	7366,~~303~~430.1396	-219.57	7366,~~303~~650.1353	-	-	45,~~311~~310,~~000~~780.0043
M-2	MEZ	35,321,000.00			35,321,000.00	9081,~~107~~660.8019	-171.16	9081,~~107~~831.8035	-	-	35,~~321~~320,~~000~~828.0084
M-3	MEZ	7,849,000.00			7,849,000.00	2220,~~465~~359.5843	-38.03	2220,~~465~~397.5846	-	-	7,~~849~~848,~~000~~961.0097
B-1	SUB	9,276,000.00			9,276,000.00	3733,~~268~~774.9195	-44.95	3733,~~268~~819.9190	-	-	9,~~276~~275,~~000~~955.0005
B-2	SUB	9,276,000.00			9,276,000.00	4036,~~154~~390.7726	-44.95	4036,~~154~~435.7721	-	-	9,~~276~~275,~~000~~955.0005
B-3	SUB	13,202,000.00			13,202,000.00	5751,~~149~~792.9918	-63.97	5751,~~149~~856.9915	-	-	13,~~202~~201,~~000~~936.0003
X	SUB	13,557,494.00			13,557,594.29	23,~~735~~160,~~363~~120.1136	-	23,~~735~~160,~~363~~120.1136	-	-	13,557,594.29
P	EXE	100.00			-	~~150~~186,~~990~~819.8082	-	~~150~~186,~~990~~819.8082	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		713,557,594.00			~~709~~702,~~785~~547,~~981~~049.5952	34,~~939~~293,~~887~~496.6594	711,~~238~~434,~~932~~623.0737	1115,~~178~~728,~~819~~120.7231	-	-	~~702~~691,~~547~~112,~~049~~426.5215
	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	0910/2527/03	1011/2624/03		A-Act/360	12506YBL2	200,000,000.00	~~995~~983.~~906843~~648396	1.~~257056~~125184	1222.~~258447~~645441	1323.~~515503~~770625	~~983~~961.~~648396~~002955
A-2	0910/2527/03	1011/2624/03		A-Act/360	12506YBM0	110,000,000.00	~~992~~979.~~224188~~618385	1.~~305326~~167923	1218.~~605802~~182172	1319.~~911128~~350095	~~979~~961.~~618385~~436213
A-3	0910/2527/03	1011/2624/03		A-Act/360	12506YBU2	145,000,000.00	~~992~~979.~~224188~~618385	1.~~252407~~120575	1218.~~605802~~182172	1319.~~858210~~302747	~~979~~961.~~618385~~436213
A-4	0910/2527/03	1011/2624/03		A-Act/360	12506YBV0	80,000,000.00	~~987~~968.~~873135~~213598	1.~~150323~~021734	1928.~~659537~~355399	2029.~~809860~~377133	~~968~~939.~~213598~~858199
A-5	0910/2527/03	1011/2624/03		A-Act/360	12506YBW8	44,765,000.00	1,000.000000	1.~~440000~~305000	-0.001492	1.~~440000~~306492	~~1,000~~999.~~000000~~998508
M-1	0910/2527/03	1011/2624/03		A-Act/360	12506YBN8	45,311,000.00	1,000.000000	1.~~617778~~466111	-0.004846	1.~~617778~~470957	~~1,000~~999.~~000000~~995154
M-2	0910/2527/03	1011/2624/03		A-Act/360	12506YBP3	35,321,000.00	1,000.000000	2.~~551111~~311944	-0.004846	2.~~551111~~316790	~~1,000~~999.~~000000~~995154
M-3	0910/2527/03	1011/2624/03		A-Act/360	12506YBQ1	7,849,000.00	1,000.000000	2.~~862222~~593888	-0.004846	2.~~862222~~598734	~~1,000~~999.~~000000~~995154
B-1	0910/2527/03	1011/2624/03		A-Act/360	12506YBR9	9,276,000.00	1,000.000000	43.~~017778~~641111	-0.004846	43.~~017778~~645957	~~1,000~~999.~~000000~~995154
B-2	0910/2527/03	1011/2624/03		A-Act/360	12506YBS7	9,276,000.00	1,000.000000	43.~~328889~~923055	-0.004846	43.~~328889~~927901	~~1,000~~999.~~000000~~995154
B-3	0910/2527/03	1011/2624/03		A-Act/360	12506YBT5	13,202,000.00	1,000.000000	43.~~328889~~923056	-0.004846	43.~~328889~~927901	~~1,000~~999.~~000000~~995154
X	0910/2527/03	1011/2624/03		A-Act/360		575,787,384.31	1,~~256~~243.~~268539~~696308	45.~~750648~~488346	-	45.~~750648~~488346	1,~~243~~223.~~696308~~840133
P	0910/2527/03	1011/2624/03		-		100.00	-	1,~~509~~868,~~908~~198.~~000000~~200000	-	1,~~509~~868,~~908~~198.~~000000~~200000	-
R	0910/2527/03	1011/2624/03		-		-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	REMIC III Series 2003-HE3
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 25, 2003 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	200,000,000.00		~~494~~719,~~244~~281.4837		-	37,~~270~~799,~~320~~409.8706	37,~~270~~799,~~320~~409.8706	38,~~764~~518,~~565~~690.3543	-	-	~~196~~192,~~729~~200,~~679~~590.1394
A-2	110,000,000.00		~~282~~411,~~827~~299.5304		-	24,~~241~~242,~~977~~016.6254	24,~~241~~242,~~977~~016.6254	24,~~524~~653,~~805~~315.1558	-	-	~~107~~105,~~758~~757,~~022~~983.3846
A-3	145,000,000.00		~~357~~520,~~653~~136.2557		-	25,~~955~~591,~~334~~749.1307	25,~~955~~591,~~334~~749.1307	36,~~312~~111,~~987~~885.3864	-	-	~~142~~139,~~044~~408,~~665~~250.8793
A-4	80,000,000.00		~~181~~263,~~581~~320.4317		-1,038.95	24,~~542~~810,~~912~~305.1610	24,~~542~~811,~~912~~344.1606	25,~~724~~074,~~493~~664.5923	-	-	7775,~~457~~188,~~087~~655.8494
A-5	44,765,000.00		~~126~~184,~~523~~941.3063		-66.79	-	-66.79	~~126~~185,~~523~~008.3042	-	-	44,~~765~~764,~~000~~933.0021
M-1	45,311,000.00		~~143~~210,~~925~~356.3632		-219.57	-0.00	-219.57	~~143~~210,~~925~~575.3689	-	-	45,~~311~~310,~~000~~780.0043
M-2	35,321,000.00		~~177~~258,~~095~~755.5776		-171.16	-0.00	-171.16	~~177~~258,~~095~~926.5792	-	-	35,~~321~~320,~~000~~828.0084
M-3	7,849,000.00		4464,~~161~~520.5295		-38.03	-0.00	-38.03	4464,~~161~~558.5298	-	-	7,~~849~~848,~~000~~961.0097
B-1	9,276,000.00		73107,~~293~~068.2924		-44.95	-	-44.95	73107,~~293~~113.2919	-	-	9,~~276~~275,~~000~~955.0005
B-2	9,276,000.00		78115,~~974~~365.8309		-44.95	-	-44.95	78115,~~974~~410.8304	-	-	9,~~276~~275,~~000~~955.0005
B-3	13,202,000.00		~~112~~164,~~400~~192.3654		-63.97	-0.00	-63.97	~~112~~164,~~400~~256.3651	-	-	13,~~202~~201,~~000~~936.0003
X	13,557,494.00		58,~~206~~366,~~113~~234.6906		-	-	-	58,~~206~~366,~~113~~234.6906	-	100.29	13,557,594.29
P	100.00		~~150~~337,~~990~~810.8062		100.00	-	100.00	~~151~~337,~~090~~910.8062	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	713,557,594.00		711,~~429~~723,~~785~~282.4136		~~100~~1,788.0037	1122,~~010~~443,~~544~~479.77	1122,~~010~~445,~~644~~268.7714	1834,~~440~~168,~~430~~550.1850	-	100.29	~~702~~691,~~547~~112,~~049~~426.5215
	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	1.42000%	~~199~~196,~~181~~729,~~368~~679.6213			~~251~~225,~~411~~036.1589	-	-	-	~~251~~225,~~411~~036.1589	~~251~~225,~~411~~036.1589	-
A-2	1.48000%	~~109~~107,~~144~~758,~~660~~022.6638			~~143~~128,~~585~~471.8651	-	-	-	~~143~~128,~~585~~471.8651	~~143~~128,~~585~~471.8651	-
A-3	1.42000%	~~143~~142,~~872~~044,~~507~~665.2387			~~181~~162,~~599~~483.0832	-	-	-	~~181~~162,~~599~~483.0832	~~181~~162,~~599~~483.0832	-
A-4	1.31000%	7977,~~029~~457,~~850~~087.7984			9281,~~025~~738.8774	-	-	-	9281,~~025~~738.8774	9281,~~025~~738.8774	-
A-5	1.62000%	44,765,000.00			6458,~~461~~418.6033	-	-	-	6458,~~461~~418.6033	6458,~~461~~418.6033	-
M-1	1.82000%	45,311,000.00			7366,~~303~~430.1396	-	-	-	7366,~~303~~430.1396	7366,~~303~~430.1396	-
M-2	2.87000%	35,321,000.00			9081,~~107~~660.8019	-	-	-	9081,~~107~~660.8019	9081,~~107~~660.8019	-
M-3	3.22000%	7,849,000.00			2220,~~465~~359.5843	-	-	-	2220,~~465~~359.5843	2220,~~465~~359.5843	-
B-1	4.52000%	9,276,000.00			3733,~~268~~774.9195	-	-	-	3733,~~268~~774.9195	3733,~~268~~774.9195	-
B-2	4.87000%	9,276,000.00			4036,~~154~~390.7726	-	-	-	4036,~~154~~390.7726	4036,~~154~~390.7726	-
B-3	4.87000%	13,202,000.00			5751,~~149~~792.9918	-	-	-	5751,~~149~~792.9918	5751,~~149~~792.9918	-
X	45.~~65838~~39771%	~~723~~716,~~343~~104,~~575~~643.9083			23,~~735~~160,~~363~~120.1136	-	-	-	23,~~735~~160,~~363~~120.1136	23,~~735~~160,~~363~~120.1136	-
P		-			~~150~~186,~~990~~819.8082	-	-	-	~~150~~186,~~990~~819.8082	~~150~~186,~~990~~819.8082	-
R		-			-	-	-	-	-	-	-
Total		1,~~419~~405,~~571~~094,~~963~~099.2006			34,~~939~~293,~~887~~496.6594	-	-	-	34,~~939~~293,~~887~~496.6594	34,~~939~~293,~~887~~496.6594	-
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					46,~~787~~904,~~242~~463.5837	24,~~451~~528,~~689~~471.4963	711,~~238~~432,~~932~~935.0700
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					46,~~787~~904,~~242~~463.5837	24,~~451~~528,~~689~~471.4963	711,~~238~~432,~~932~~935.0700
	Interest Collections					2,~~516~~726,~~869~~302.7420	1,~~328~~441,~~335~~597.9222	34,~~845~~167,~~205~~899.6642
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(3234,~~245~~042.7083)	(2425,~~063~~491.10)	(5659,~~308~~533.8193)
	TOTAL NET INTEREST					2,~~484~~692,~~624~~259.0437	1,~~304~~416,~~272~~106.8212	34,~~788~~108,~~896~~365.8549
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					79,~~271~~596,~~866~~722.6274	35,~~755~~944,~~962~~577.3175	1115,~~027~~541,~~828~~300.9249
	Prepayment Premiums Collected					~~100~~116,~~266~~093.7275	5070,~~724~~726.0807	~~150~~186,~~990~~819.8082
	TOTAL FUNDS AVAILABLE FOR DISTRIBUTION						36,~~806~~015,~~686~~303.3982	1115,~~178~~728,~~819~~120.7231
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~310~~338,~~842~~849.9161	~~156~~169,~~449~~326.9558	~~467~~508,~~292~~176.8619
	Prepayments In Full					46,~~441~~537,~~262~~758.6828	24,~~290~~347,~~009~~183.8437	610,~~731~~884,~~272~~941.5265
	Curtailments					3528,~~136~~809.9939	510,~~229~~898.7067	4039,~~366~~708.6906
	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(1,688.0037)	0.00	0(1,688.0037)
	Delinquent Principal					(~~269~~295,~~701~~417.5593)	(~~136~~148,~~244~~481.3873)	(~~405~~443,~~945~~899.9366)
	Advanced Principal					~~269~~295,~~701~~417.5593	~~136~~148,~~244~~481.3873	~~405~~443,~~945~~899.9366
	TOTAL PRINCIPAL COLLECTED					46,~~787~~904,~~242~~463.5837	24,~~451~~528,~~689~~471.4963	711,~~238~~432,~~932~~935.0700
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 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					2,~~660~~882,~~948~~422.3321	1,~~404~~523,~~694~~825.7734	4,~~065~~406,~~643~~247.1055
	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					(2,~~315~~508,~~235~~014.8152)	(1,~~222~~315,~~486~~859.7531)	(3,~~537~~823,~~722~~873.5683)
	Interest Advanced					2,~~171~~351,~~157~~894.2251	1,~~146~~233,~~127~~631.9019	3,~~317~~585,~~285~~525.1270
	TOTAL INTEREST COLLECTED					2,~~516~~726,~~869~~302.7420	1,~~328~~441,~~335~~597.9222	34,~~845~~167,~~205~~899.6642
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses						0.00	0.00
	Nonrecoverable Advances						0.00	0.00
	Reimbursements to Master Servicer						0.00	0.00
	TOTAL INTEREST WITHDRAWALS						0.00	0.00
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Retained Interest Due to Unaffiliated Seller						0.00	0.00
	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2224,~~227~~148.5707	1113,~~585~~165.5110	3337,~~813~~313.0817
	Trustee Fee					1,~~625~~608.5782	~~858~~850.6810	2,~~484~~458.2592
	Certificate Insurance Fees					8,~~392~~285.5694	11,~~618~~475.9190	2019,~~011~~761.4884
	TOTAL INTEREST OTHER FEES					3234,~~245~~042.7083	2425,~~063~~491.10	5659,~~308~~533.8193
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for October 27, 2003 Distribution
	Credit Enhancement Report for November 25, 2003 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							13,~~557~~555,~~594~~905.2992
	Ending Subordinated Amount							13,557,594.29
	Specified Subordinated Amount							13,557,594.29
	Senior Enhancement Percentage							19.0436%
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	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					2359	1474	3833
	Prior					2,~~340~~500	1,~~469~~589	34,~~809~~089
	Prefunding					~~189~~258	~~134~~147	~~323~~405
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(2937)	(1427)	(4364)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					2,~~500~~721	1,~~589~~709	4,~~089~~430
	Principal Balance:
	Original					368,348,313.39	193,881,576.92	562,229,890.31
	Prior					~~365~~394,~~395~~347,~~332~~559.0539	~~193~~208,~~062~~614,~~945~~752.5479	~~558~~602,~~458~~962,~~277~~312.5918
	Prefunding					3338,~~739~~295,~~469~~843.9295	1820,~~003~~328,~~496~~986.7407	5158,~~742~~624,~~966~~830.6602
	Scheduled Principal					(~~310~~338,~~842~~849.9161)	(~~156~~169,~~449~~326.9558)	(~~467~~508,~~292~~176.8619)
	Partial and Full Voluntary Prepayments					(46,~~476~~566,~~399~~567.67)	(24,~~295~~358,~~239~~082.5404)	(610,~~771~~924,~~639~~649.2171)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~394~~425,~~347~~737,~~559~~986.3906	~~208~~224,~~614~~416,~~752~~330.7924	~~602~~650,~~962~~154,~~312~~316.1830
PREFUNDING						GROUP 2	GROUP 1	TOTAL
	Prefunding Account - Initial Balance					99,054,546.00	52,273,158.00	151,327,704.00
	Prefunding Account - Beginning Balance					9965,~~054~~315,~~546~~076.0008	5234,~~273~~269,~~158~~661.0026	~~151~~99,~~327~~584,~~704~~737.0034
	Prefunding Account - Withdrawls for Subsequent Transfers					3338,~~739~~295,~~469~~843.9295	1820,~~003~~328,~~496~~986.7407	5158,~~742~~624,~~966~~830.6602
	Prefunding Account - Released as Principal					0734.0046	01,063.0001	01,797.0047
	Prefunding Account - Ending Balance					6527,~~315~~018,~~076~~497.0867	3413,~~269~~939,~~661~~612.2618	9940,~~584~~958,~~737~~109.3485
	Capitalized Interest Account - Initial Balance							669,588.00
	Capitalized Interest Account - Beginning Balance							669,588.00
	Capitalized Interest Account - Withdrawls							0669,588.00
	Capitalized Interest Account - Interest Earnings							0.00
	Capitalized Interest Account - Ending Balance							~~669,588~~0.00
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
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	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					8.001939%	7.988167%	7.997190%
	Weighted Average Coupon Prior					8.~~001939~~000149%	7.~~988167~~986271%	7.~~997190~~995349%
	Weighted Average Coupon Current					87.~~000149~~994821%	7.~~986271~~987073%	7.~~995349~~992140%
	Weighted Average Months to Maturity Original					345	351	347
	Weighted Average Months to Maturity Prior					~~345~~343	~~351~~350	~~347~~345
	Weighted Average Months to Maturity Current					343	350	345
	Weighted Avg Remaining Amortization Term Original					349	353	351
	Weighted Avg Remaining Amortization Term Prior					~~349~~348	~~353~~352	~~351~~350
	Weighted Avg Remaining Amortization Term Current					~~348~~347	~~352~~351	~~350~~349
	Weighted Average Seasoning Original					4.15	3.95	4.09
	Weighted Average Seasoning Prior					45.1514	34.9592	45.0906
	Weighted Average Seasoning Current					56.1406	45.9288	56.0600
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.
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	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					4.572%	5.267%
	Weighted Average Margin Prior					4.~~572~~562%	5.~~267~~259%
	Weighted Average Margin Current					4.~~562~~537%	5.~~259~~246%
	Weighted Average Max Rate Original					9.869%	11.669%
	Weighted Average Max Rate Prior					9.~~869~~866%	11.~~669~~662%
	Weighted Average Max Rate Current					9.~~866~~857%	11.~~662~~652%
	Weighted Average Min Rate Original					5.448%	6.428%
	Weighted Average Min Rate Prior					5.~~448~~445%	6.~~428~~422%
	Weighted Average Min Rate Current					5.~~445~~438%	6.~~422~~420%
	Weighted Average Cap Up Original					0.766%	0.942%
	Weighted Average Cap Up Prior					0.~~766~~768%	0.~~942~~943%
	Weighted Average Cap Up Current					0.~~768~~770%	0.~~943~~940%
	Weighted Average Cap Down Original					0.766%	0.942%
	Weighted Average Cap Down Prior					0.~~766~~768%	0.~~942~~943%
	Weighted Average Cap Down Current					0.~~768~~770%	0.~~943~~940%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2224,~~227~~148.5707	1113,~~585~~165.5110	3337,~~813~~313.0817
	Delinquent Servicing Fees					~~144~~156,~~078~~120.6001	7682,~~358~~228.8412	~~220~~238,~~437~~348.4413
	TOTAL SERVICING FEES					~~166~~180,~~306~~268.1708	8795,~~944~~393.3522	~~254~~275,~~250~~661.5230
	Prepayment Interest Shortfall					1415,~~099~~306.9157	720,~~010~~180.8865	2135,~~110~~487.7922
	Compensating Interest					(1415,~~099~~306.9157)	(720,~~010~~180.8865)	(2135,~~110~~487.7922)
	Delinquent Servicing Fees					(~~144~~156,~~078~~120.6001)	(7682,~~358~~228.8412)	(~~220~~238,~~437~~348.4413)
	COLLECTED SERVICING FEES					2224,~~227~~148.5707	1113,~~585~~165.5110	3337,~~813~~313.0817
	Aggregate Advances with respect to this Distribution					2,~~440~~647,~~858~~312.7744	1,~~282~~382,~~372~~112.2892	34,~~723~~029,~~231~~425.0536
	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	0.00
	Net Monthly Excess Cash Flow							23,~~735~~161,~~363~~808.1173
	Ending Pool Stated Principal Balance					~~394~~425,~~347~~737,~~559~~986.3906	~~208~~224,~~614~~416,~~752~~330.7924	~~602~~650,~~962~~154,~~312~~316.1830
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1121,~~353~~460,~~720~~257.5813	~~853~~2,~~966~~081,457.8392	~~159~~376,~~310~~239.6456	1223,~~366~~917,~~998~~954.0561
		% Balance			13.8830%	0.1432%	0.0306%	23.0568%
		# Loans			89149	1120	2	~~102~~171
		% # Loans			23.1836%	0.2745%	0.05%	23.4986%
FORECLOSURE		Balance		-117,128.13	-	-1,645,869.98	-856,612.49	-2,619,610.60
		% Balance		0.0002%	0.00%	0.0025%	0.0013%	0.0040%
		# Loans		-1	-	-12	-11	-24
		% # Loans		0.0002%	0.00%	0.0027%	0.0025%	0.0054%
BANKRUPTCY		Balance		~~571~~857,~~622~~874.7612	-	-	-	~~571~~857,~~622~~874.7612
		% Balance		0.0913%	0.00%	0.00%	0.00%	0.0913%
		# Loans		35	-	-	-	35
		% # Loans		0.0711%	0.00%	0.00%	0.00%	0.0711%
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		~~571~~975,~~622~~002.7625	1121,~~353~~460,~~720~~257.5813	~~853~~3,~~966~~727,327.8390	~~159~~1,~~310~~232,852.6405	1227,~~938~~395,~~620~~439.8133
		% Balance		0.0915%	13.8830%	0.1457%	0.0319%	24.1521%
		# Loans		36	89149	1132	213	~~105~~200
		% # Loans		0.0714%	23.1836%	0.2772%	0.0529%	24.5751%
Note: <1 Payment = 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 11 of 24				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			46,~~659~~396,~~705~~019.0068	~~449~~1,~~788~~185,950.2310	116,~~215~~151.2650	57,~~225~~698,~~708~~121.4928
		% Balance			2.2385%	0.2253%	0.0605%	23.5043%
		# Loans			4053	412	1	4566
		% # Loans			23.5210%	0.2570%	0.06%	23.8386%
FORECLOSURE		Balance		-	-	-747,403.99	-449,488.31	-1,196,892.30
		% Balance		0.00%	0.00%	0.0033%	0.0020%	0.0053%
		# Loans		-	-	-6	-4	-10
		% # Loans		0.00%	0.00%	0.0035%	0.0023%	0.0059%
BANKRUPTCY		Balance		-289,309.00	-	-	-	-289,309.00
		% Balance		0.0013%	0.00%	0.00%	0.00%	0.0013%
		# Loans		-2	-	-	-	-2
		% # Loans		0.0012%	0.00%	0.00%	0.00%	0.0012%
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		-289,309.00	46,~~659~~396,~~705~~019.0068	~~449~~1,~~788~~933,354.2309	~~116~~565,~~215~~639.2681	59,~~225~~184,~~708~~322.4958
		% Balance		0.0013%	2.2385%	0.2286%	0.0625%	24.5009%
		# Loans		-2	4053	418	15	4578
		% # Loans		0.0012%	23.5210%	01.2505%	0.0629%	24.8356%
Note: <1 Payment = 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 12 of 24				© COPYRIGHT 2003 Deutsche Bank
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	CDC Mortgage Capital Trust 2003-HE3
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	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			615,~~694~~064,~~015~~237.5845	~~404~~895,~~178~~507.6082	43260,~~095~~088.3806	716,~~141~~219,~~289~~833.5633
		% Balance			13.7054%	0.1021%	0.0106%	13.81%
		# Loans			4996	78	1	57105
		% # Loans			13.9653%	0.2829%	0.04%	23.2886%
FORECLOSURE		Balance		-117,128.13	-	-898,465.99	-407,124.18	-1,422,718.30
		% Balance		0.0003%	0.00%	0.0021%	0.0010%	0.0033%
		# Loans		-1	-	-6	-7	-14
		% # Loans		0.0004%	0.00%	0.0022%	0.0026%	0.0051%
BANKRUPTCY		Balance		~~571~~568,~~622~~565.7612	-	-	-	~~571~~568,~~622~~565.7612
		% Balance		0.1413%	0.00%	0.00%	0.00%	0.1413%
		# Loans		3	-	-	-	3
		% # Loans		0.1211%	0.00%	0.00%	0.00%	0.1211%
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		~~571~~685,~~622~~693.7625	615,~~694~~064,~~015~~237.5845	~~404~~1,~~178~~793,973.6081	43667,~~095~~212.3824	718,~~712~~211,~~912~~116.3275
		% Balance		0.1416%	13.7054%	0.1042%	0.0116%	14.9628%
		# Loans		34	4996	714	18	60122
		% # Loans		0.1215%	13.9653%	0.2851%	0.0429%	24.4048%
Note: <1 Payment = 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 13 of 24				© COPYRIGHT 2003 Deutsche Bank
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	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
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	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group
Total Loan Count = 24				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group
Total Original Principal Balance = 2,631,400.00				Loan Group 2 = Group 2 Group
Total Current Balance = 000.00
Total Current Balance = 2,619,610.61
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
32375628 1		93,500.00	93,136.09	Jul-01-03	8.250%	NV - 85.00%	360	Mar-31-03
				Page 15 of 24				© COPYRIGHT 2003 Deutsche Bank
32378655 1		128,000.00	127,149.74	Jul-01-03	7.490%	MI - 80.00%	360	Feb-25-03
32381717 1		255,000.00	254,241.23	Jul-01-03	9.690%	MA - 73.49%	360	Apr-24-03
32484529 1		80,000.00	79,755.49	Jul-01-03	10.830%	MI - 61.54%	360	Feb-05-03
32485229 1		112,500.00	111,775.45	Jul-01-03	6.500%	CA - 75.00%	360	Mar-20-03
32487878 1		81,600.00	81,345.99	Jul-01-03	9.340%	MO - 85.00%	360	Apr-23-03
32510133 1		212,500.00	211,721.74	Jun-01-03	8.550%	CA - 85.00%	360	Mar-28-03
32510638 1		103,000.00	102,552.83	Jun-01-03	8.170%	MI - 84.43%	360	Apr-14-03
32805459 1		48,000.00	47,777.93	Jun-01-03	8.850%	IN - 80.00%	360	Feb-18-03
32854408 1		87,850.00	87,435.81	Jun-01-03	7.290%	MT - 70.00%	360	May-01-03
32173916 2		117,600.00	117,128.13	Oct-01-03	8.875%	MD - 80.00%	360	Mar-28-03
32378424 2		53,000.00	52,428.32	Jul-01-03	11.000%	ME - 46.09%	240	Feb-04-03
32379604 2		52,000.00	51,787.18	Jul-01-03	8.240%	AZ - 63.41%	360	Apr-18-03
32381576 2		200,000.00	199,296.82	Jul-01-03	8.750%	CA - 80.00%	360	Apr-24-03
32382632 2		170,100.00	169,105.58	Jul-01-03	7.950%	NJ - 90.00%	360	Feb-24-03
32509622 2		124,000.00	123,316.92	Jul-01-03	6.490%	GA - 80.00%	360	Apr-16-03
32510745 2		132,900.00	132,419.24	Jun-01-03	8.610%	MN - 94.94%	360	Apr-14-03
32511933 2		304,200.00	302,531.16	Jul-01-03	8.460%	MD - 90.00%	360	Feb-26-03
32797730 2		45,000.00	44,810.19	Jun-01-03	9.300%	TN - 90.00%	360	Jan-28-03
32797839 2		48,000.00	47,842.66	Jun-01-03	9.850%	MO - 80.00%	360	Mar-21-03
32799538 2		40,050.00	39,929.37	Jun-01-03	10.250%	OH - 90.00%	360	Mar-25-03
32801557 2		50,000.00	49,810.42	Jun-01-03	9.150%	NM - 57.47%	360	Mar-04-03
32806093 2		43,200.00	43,073.95	May-01-03	9.650%	TN - 90.00%	360	Apr-30-03
32806515 2		49,400.00	49,238.37	Jun-01-03	9.100%	TN - 95.00%	360	Apr-07-03
				Page 15 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					2937	1427	4364
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					2937	1427	4364
	Paid in Full Balance					46,~~441~~537,~~262~~758.6828	24,~~290~~347,~~009~~183.8437	610,~~731~~884,~~272~~941.5265
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					3528,~~136~~809.9939	510,~~229~~898.7067	4039,~~366~~708.6906
	Total Prepayment Amount					46,~~476~~566,~~399~~567.67	24,~~295~~358,~~239~~082.5404	610,~~771~~924,~~639~~649.2171
	Cumulative
	Number of Paid in Full Loans					4885	1946	67131
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					4885	1946	67131
	Paid in Full Balance					713,~~080~~618,~~292~~051.8715	27,~~954~~301,~~237~~420.4683	1020,~~034~~919,~~530~~471.3398
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					6492,~~032~~841.1756	1526,~~603~~501.1178	79119,~~635~~343.2834
	Total Prepayment Amount					713,~~144~~710,~~325~~892.0471	27,~~969~~327,~~840~~922.5761	1021,~~114~~038,~~165~~815.6132
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 24				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					1.1252%	1.0990%	1.1165%
	3 Months Avg SMM					1.12%	1.12%	1.12%
	12 Months Avg SMM
	Avg SMM Since Cut-off					01.9212%	01.7212%	01.8512%
	CPR					1216.6778%	1220.3161%	1218.5412%
	3 Months Avg CPR					12.67%	12.60%	12.65%
	12 Months Avg CPR
	Avg CPR Since Cut-off					1012.5467%	812.2960%	912.7765%
	PSA					~~1232~~1384.5527%	~~1251~~1751.2256%	~~1238~~1510.8444%
	3 Months Avg PSA Approximation					1237.77%	1280.74%	1252.28%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1134~~1237.1177%	~~934~~1280.8874%	~~1068~~1252.1028%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 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 18 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 18 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 43						Loan Group 1 = Group 1 Group
Total Loan Count = 64						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 6,752,835.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 10,927,508.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 6,731,272.52
Total Prepayment Amount = 10,884,941.65
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
32377111 1			139,400.00	138,835.99	Sep-10-03	7.125%	CT - 85.00%	Paid Off - 360	Mar-24-03
32377160 1			135,900.00	135,485.63	Oct-07-03	8.625%	MD - 90.00%	Paid Off - 360	Apr-23-03
32377269 1			374,000.00	372,420.65	Sep-30-03	8.625%	MA - 85.00%	Paid Off - 360	Jan-17-03
32377657 1			293,000.00	292,228.71	Oct-01-03	9.250%	CA - 89.88%	Paid Off - 360	Apr-18-03
32378721 1			191,250.00	190,615.27	Sep-26-03	6.990%	CA - 85.00%	Paid Off - 360	Mar-27-03
32379281 1			108,750.00	108,340.53	Oct-07-03	7.490%	CA - 75.00%	Paid Off - 360	Apr-17-03
32378838 1			266,050.00	265,145.41	Sep-02-03	8.000%	CA - 85.00%	Paid Off - 360	Mar-07-03
32382400 1			247,500.00	246,422.43	Oct-06-03	6.750%	CA - 75.00%	Paid Off - 360	Apr-22-03
32380503 1			275,000.00	274,142.56	Sep-22-03	7.300%	IL - 93.22%	Paid Off - 360	Apr-09-03
32382814 1			110,415.00	110,030.74	Oct-20-03	8.800%	CA - 85.00%	Paid Off - 360	Mar-21-03
32508418 1			126,400.00	126,093.58	Sep-18-03	8.550%	MI - 80.00%	Paid Off - 360	Apr-08-03
32382913 1			138,000.00	137,233.89	Oct-15-03	6.450%	CA - 76.67%	Paid Off - 360	Mar-20-03
32510018 1			300,000.00	298,942.48	Sep-10-03	6.680%	CA - 63.83%	Paid Off - 360	Apr-02-03
32385775 1			182,000.00	181,492.41	Oct-28-03	8.990%	MA - 70.00%	Paid Off - 360	Apr-02-03
32749996 1			156,000.00	155,639.51	Sep-26-03	8.783%	MA - 82.98%	Paid Off - 360	Apr-25-03
32484644 1			266,900.00	265,799.02	Oct-01-03	8.740%	CA - 85.00%	Paid Off - 360	Feb-12-03
32750366 1			71,900.00	71,738.16	Sep-04-03	8.910%	MO - 89.91%	Paid Off - 360	Apr-30-03
32493371 1			101,500.00	101,335.98	Oct-03-03	10.500%	FL - 70.00%	Paid Off - 360	May-30-03
32751836 1			81,500.00	81,256.26	Sep-16-03	7.510%	WI - 76.89%	Paid Off - 360	Apr-25-03
32496325 1			169,000.00	168,590.31	Oct-01-03	8.550%	FL - 69.69%	Paid Off - 360	Jun-04-03
32753832 1			50,000.00	49,251.78	Sep-19-03	7.750%	CA - 38.46%	Paid Off - 180	Mar-06-03
32506099 1			135,000.00	134,609.43	Oct-02-03	8.793%	ME - 90.00%	Paid Off - 360	Apr-04-03
32755506 1			113,400.00	113,202.84	Sep-10-03	8.750%	OH - 90.00%	Paid Off - 360	May-06-03
32506354 1			160,400.00	159,870.39	Oct-06-03	8.145%	FL - 86.01%	Paid Off - 360	Apr-10-03
32788937 1			103,500.00	103,310.54	Sep-02-03	8.500%	NJ - 90.00%	Paid Off - 360	May-16-03
32510349 1			147,600.00	145,480.10	Oct-29-03	8.490%	MI - 90.00%	Paid Off - 180	Apr-11-03
32801359 1			49,500.00	49,414.81	Sep-26-03	8.800%	UT - 90.00%	Paid Off - 360	May-06-03
32511180 1			126,500.00	126,176.71	Oct-03-03	9.400%	OH - 66.58%	Paid Off - 360	Apr-07-03
32172157 2			319,200.00	318,268.25	Sep-25-03	8.750%	MN - 80.00%	Paid Off - 180	Mar-19-03
32729931 1			131,250.00	130,588.88	Oct-23-03	7.750%	CA - 75.00%	Paid Off - 360	Feb-13-03
32172165 2			39,900.00	39,853.30	Sep-25-03	12.990%	MN - 10.00%	Paid Off - 180	Mar-19-03
32729980 1			215,500.00	214,330.73	Oct-06-03	7.375%	OR - 99.08%	Paid Off - 360	Feb-26-03
32172777 2			185,250.00	184,680.88	Sep-16-03	8.500%	FL - 95.00%	Paid Off - 360	Mar-19-03
32746836 1			141,600.00	141,234.99	Oct-15-03	9.351%	ME - 80.00%	Paid Off - 360	Apr-25-03
32375750 2			100,000.00	99,740.80	Sep-11-03	8.250%	MI - 100.00%	Paid Off - 360	Apr-14-03
32748956 1			113,200.00	112,877.82	Oct-06-03	8.873%	RI - 69.45%	Paid Off - 360	Apr-22-03
32382517 2			128,000.00	127,786.78	Sep-11-03	8.950%	FL - 80.00%	Paid Off - 360	May-02-03
32749483 1			58,100.00	58,015.72	Oct-02-03	12.050%	MI - 70.00%	Paid Off - 360	Apr-24-03
32485856 2			427,500.00	426,153.87	Sep-29-03	7.250%	CA - 90.00%	Paid Off - 360	Mar-31-03
32753618 1			248,000.00	247,276.54	Oct-03-03	8.753%	NJ - 80.00%	Paid Off - 360	Apr-24-03
32486722 2			143,910.00	143,673.18	Sep-17-03	10.400%	IL - 90.00%	Paid Off - 360	Apr-16-03
32753915 1			467,500.00	465,385.48	Oct-21-03	7.500%	IL - 85.00%	Paid Off - 360	Mar-25-03
32492746 2			20,000.00	19,959.97	Sep-08-03	10.740%	FL - 11.76%	Paid Off - 180	Apr-29-03
32755654 1			270,000.00	269,062.24	Oct-21-03	6.750%	CA - 90.00%	Paid Off - 360	May-08-03
32497901 2			565,000.00	562,823.85	Sep-15-03	7.375%	PA - 79.02%	Paid Off - 360	Mar-27-03
32801318 1			49,500.00	49,376.27	Oct-09-03	8.400%	SC - 90.00%	Paid Off - 360	May-09-03
32505810 2			37,500.00	37,450.52	Sep-16-03	11.421%	MO - 75.00%	Paid Off - 360	Apr-10-03
32802936 1			55,000.00	54,763.28	Oct-23-03	7.750%	NV - 31.43%	Paid Off - 360	Mar-25-03
32506610 2			118,500.00	118,291.26	Sep-18-03	10.110%	MN - 75.00%	Paid Off - 360	Apr-07-03
32854507 1			97,700.00	97,305.40	Oct-21-03	7.600%	IL - 70.29%	Paid Off - 360	May-02-03
32507253 2			92,300.00	92,106.09	Sep-12-03	9.243%	MA - 59.94%	Paid Off - 360	Apr-08-03
32859100 1			130,000.00	129,784.91	Oct-03-03	8.990%	CA - 57.78%	Paid Off - 360	Jun-13-03
32507949 2			236,000.00	235,451.16	Sep-29-03	9.015%	NJ - 80.00%	Paid Off - 360	Apr-09-03
32860843 1			64,175.00	64,084.83	Oct-29-03	7.790%	IL - 85.00%	Paid Off - 360	Jul-01-03
32508236 2			220,500.00	220,061.01	Sep-10-03	9.500%	NH - 73.99%	Paid Off - 360	Apr-16-03
31996309 2			112,800.00	112,359.47	Oct-09-03	10.250%	OH - 80.00%	Paid Off - 360	Dec-24-02
32509044 2			213,500.00	212,792.20	Sep-30-03	8.125%	CA - 94.89%	Paid Off - 360	Mar-20-03
32074031 2			192,720.00	192,006.98	Oct-31-03	8.500%	CA - 80.00%	Paid Off - 360	Mar-25-03
32511172 2			68,800.00	68,615.71	Sep-15-03	10.100%	OH - 80.00%	Paid Off - 360	Apr-02-03
32172983 2			540,000.00	537,408.65	Oct-30-03	7.200%	CA - 90.00%	Paid Off - 360	Mar-13-03
32749061 2			91,800.00	91,645.44	Sep-03-03	10.293%	WI - 74.94%	Paid Off - 360	Apr-23-03
32377624 2			221,400.00	220,769.70	Oct-21-03	8.875%	CT - 90.00%	Paid Off - 360	Apr-07-03
32752156 2			51,000.00	50,905.95	Sep-12-03	9.990%	OH - 85.00%	Paid Off - 360	Apr-15-03
32377814 2			105,950.00	105,746.98	Oct-09-03	10.750%	NJ - 65.00%	Paid Off - 360	Apr-18-03
32756744 2			307,000.00	306,239.16	Sep-04-03	6.990%	CA - 74.88%	Paid Off - 360	May-13-03
32380230 2			182,750.00	182,188.74	Oct-03-03	8.500%	CA - 83.45%	Paid Off - 360	Apr-09-03
32788390 2			248,000.00	247,568.80	Sep-02-03	8.750%	MA - 100.00%	Paid Off - 360	May-14-03
32381147 2			148,500.00	148,086.61	Oct-29-03	8.990%	CA - 90.00%	Paid Off - 360	Apr-24-03
32788879 2			108,000.00	107,647.64	Sep-30-03	7.400%	MD - 90.00%	Paid Off - 360	Jan-03-03
32382756 2			102,600.00	102,154.89	Oct-30-03	7.800%	CA - 90.00%	Paid Off - 360	Mar-18-03
32797193 2			44,000.00	42,720.83	Sep-26-03	7.500%	OH - 80.00%	Paid Off - 180	Feb-20-03
32382962 2			374,000.00	372,801.62	Oct-31-03	9.200%	IL - 85.00%	Paid Off - 360	Mar-26-03
32797631 2			42,500.00	42,117.34	Sep-17-03	8.250%	TN - 85.00%	Paid Off - 360	Apr-17-03
32383242 2			281,868.00	280,182.01	Oct-23-03	7.700%	NV - 90.00%	Paid Off - 360	Mar-27-03
32801938 2			51,775.00	51,620.69	Sep-19-03	8.650%	TX - 95.00%	Paid Off - 360	Mar-17-03
32383697 2			440,000.00	437,410.34	Oct-13-03	6.500%	CA - 80.00%	Paid Off - 360	Mar-24-03
32802654 2			54,000.00	53,887.87	Sep-10-03	9.300%	OH - 90.00%	Paid Off - 360	Apr-30-03
32385544 2			200,000.00	199,077.31	Oct-30-03	7.400%	CA - 80.00%	Paid Off - 360	Mar-26-03
32805012 2			45,000.00	44,879.20	Sep-12-03	8.050%	OH - 69.23%	Paid Off - 360	Apr-04-03
32484669 2			195,000.00	194,046.63	Oct-24-03	7.900%	CA - 75.00%	Paid Off - 360	Feb-21-03
32853616 2			208,250.00	207,427.82	Sep-29-03	7.250%	CA - 85.00%	Paid Off - 360	Mar-31-03
32486011 2			178,500.00	177,757.47	Oct-27-03	6.990%	CA - 85.00%	Paid Off - 360	Apr-03-03
32854440 2			149,000.00	148,696.41	Sep-22-03	9.390%	IL - 68.98%	Paid Off - 360	May-01-03
32495160 2			272,500.00	271,123.03	Oct-24-03	5.990%	CA - 87.90%	Paid Off - 360	May-12-03
32854531 2			138,750.00	138,196.70	Sep-09-03	8.250%	MD - 75.00%	Paid Off - 360	May-05-03
32496184 2			117,000.00	116,730.57	Oct-28-03	8.800%	GA - 90.00%	Paid Off - 360	May-30-03
					Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
32497000 2			155,000.00	154,263.48	Oct-07-03	7.250%	NJ - 71.10%	Paid Off - 360	Mar-11-03
					Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 2003 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
32506545 2			152,900.00	152,443.97	Oct-21-03	8.645%	NJ - 94.97%	Paid Off - 360	Apr-10-03
32506685 2			183,300.00	182,806.83	Oct-01-03	9.145%	MN - 94.97%	Paid Off - 360	Apr-16-03
32509119 2			117,000.00	116,702.92	Oct-20-03	9.423%	CA - 68.82%	Paid Off - 360	Apr-07-03
32511511 2			120,000.00	119,572.74	Oct-13-03	7.770%	FL - 62.18%	Paid Off - 360	Apr-11-03
32730079 2			48,180.00	48,065.87	Oct-30-03	11.750%	CA - 20.00%	Paid Off - 180	Mar-25-03
32731291 2			35,000.00	34,598.94	Oct-14-03	10.750%	FL - 10.00%	Paid Off - 180	Apr-18-03
32751786 2			113,000.00	112,708.91	Oct-29-03	9.550%	MN - 76.87%	Paid Off - 360	Apr-18-03
32751802 2			134,700.00	134,221.20	Oct-17-03	8.350%	MN - 69.97%	Paid Off - 360	Apr-25-03
32751950 2			52,800.00	52,665.00	Oct-20-03	9.390%	MO - 80.00%	Paid Off - 360	Apr-25-03
32752446 2			100,400.00	100,119.35	Oct-02-03	8.960%	OH - 94.94%	Paid Off - 360	Apr-24-03
32753626 2			228,000.00	227,133.06	Oct-10-03	7.440%	NJ - 81.43%	Paid Off - 360	Apr-25-03
32754103 2			362,050.00	361,165.74	Oct-30-03	10.490%	CA - 65.00%	Paid Off - 360	Mar-21-03
32754558 2			120,700.00	120,198.54	Oct-31-03	6.990%	CA - 85.00%	Paid Off - 360	Apr-25-03
32788762 2			245,000.00	244,215.01	Oct-30-03	9.200%	NJ - 78.53%	Paid Off - 180	Mar-06-03
32789091 2			238,500.00	237,837.40	Oct-01-03	8.990%	FL - 90.00%	Paid Off - 360	Apr-11-03
32799355 2			40,000.00	39,615.53	Oct-28-03	7.850%	MO - 42.55%	Paid Off - 360	Apr-25-03
32804130 2			31,000.00	30,811.54	Oct-03-03	10.750%	CA - 20.00%	Paid Off - 240	Apr-16-03
32804619 2			71,400.00	70,900.17	Oct-22-03	11.100%	CA - 20.00%	Paid Off - 240	Mar-24-03
32811440 2			152,000.00	151,303.33	Oct-23-03	7.150%	CO - 65.24%	Paid Off - 360	Apr-07-03
32856825 2			197,000.00	196,557.75	Oct-15-03	7.490%	CA - 76.65%	Paid Off - 360	Jun-12-03
					Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-1,688.37	-	-1,688.37
	Net Liquidation Proceeds					-(1,688.37)	-	-(1,688.37)
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-1,688.37	-	-1,688.37
	Net Liquidation Proceeds					-(1,688.37)	-	-(1,688.37)
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss Percentage						0.00%	0.00%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 20 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 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 21 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 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 22 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for October 27, 2003 Distribution
	Realized Loss Detail Report for November 25, 2003 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 Realized Loss Amount = 1,688.37
Total Net Liquidation Proceeds = 0.00
Total Net Liquidation Proceeds = -1,688.37
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
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 23 of 24				© COPYRIGHT 2003 Deutsche Bank
					Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE3
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	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 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) Rolling 3-month avg. of 60+ Day Delq loans							~~396~~2,~~325~~049,718.3062
	(y) Stated Principal Balance							0.00
	60+ Day Delq % ( quotient of (x) over (y) )							0.0629%
	Trigger Event 40% of Sr Enhancement Percentage							7.0714%
	Senior Enhancement Percentage							19.0436%
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	0.00
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORGAN STANLEY ABS CAPITAL I INC CDC MOR CAP TR 2003-HE3