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, Homeq Servicing Corporation as Servicer, NC Capital Corporation, as Responsible Party and Deutsche Bank National Trust Company, as Trustee and Ace Guaranty Corp., as Certificate Isurer). MORGAN STANLEY ABS CAP I INC MORT PAS THR CERTS SER 2003 NC9 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-104046-11 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.

	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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				20
			12.	Realized Loss Detail Report				23
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
				Total Number of Pages				24
			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:		Morgan Stanley					Cut-Off Date: August 1, 2003
	Certificate Insurer(s):							Closing Date: September 9, 2003
								First Payment Date: September 25, 2003
	Servicer(s):		HomeQ Servicing Corp. Master Servicer
								Distribution Date: October 27, 2003
								Distribution Date: November 25, 2003
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: ~~October~~November 24, 2003
								September 30, 2003
								October 31, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC9
	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, STEP	180,213,000.00			~~177~~173,~~715~~516,~~004~~385.4953	~~229~~202,~~054~~676.8978	4,~~198~~506,~~618~~561.9698	4,~~427~~709,~~673~~238.8576	-	-	~~173~~169,~~516~~009,~~385~~823.5355
A-2	FLT, STEP	70,385,000.00			6665,~~640~~268,~~462~~323.1216	7869,~~191~~401.4898	1,~~372~~366,~~138~~226.9641	1,~~450~~435,~~330~~628.4439	-	-	6563,~~268~~902,~~323~~096.1675
A-3	FLT, STEP	25,300,000.00			25,300,000.00	3633,~~432~~016.0050	-	3633,~~432~~016.0050	-	-	25,300,000.00
M	MEZ, FLT,ST	53,136,000.00			53,136,000.00	8880,~~323~~043.8448	-	8880,~~323~~043.8448	-	-	53,136,000.00
B	SUB, FLT,ST	4,258,000.00			4,258,000.00	1816,~~432~~704.4137	-	1816,~~432~~704.4137	-	-	4,258,000.00
X	SUB	7,323,343.00			7,323,229.88	1,~~470~~488,~~492~~901.7261	-	1,~~470~~488,~~492~~901.7261	-	-	7,323,229.88
P	SUB,EXE	-			-	8198,~~734~~687.2242	-	8198,~~734~~687.2242	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		340,615,343.00			~~334~~328,~~372~~801,~~696~~938.4957	21,~~002~~989,~~661~~432.5614	5,~~570~~872,~~757~~788.9239	7,~~573~~862,~~419~~220.4853	-	-	~~328~~322,~~801~~929,~~938~~150.5718
	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	61744CAN6	180,213,000.00	~~986~~962.~~138650~~840558	1.~~271023~~124651	2325.~~298091~~006864	2426.~~569115~~131515	~~962~~937.~~840558~~833694
A-2	0910/2527/03	1011/2624/03		A-Act/360	61744CAP1	70,385,000.00	~~946~~927.~~799206~~304442	10.~~110911~~986034	19.~~494764~~410761	20.~~605675~~396795	~~927~~907.~~304442~~893681
A-3	0910/2527/03	1011/2624/03		A-Act/360	61744CAS5	25,300,000.00	1,000.000000	1.~~440000~~305000	-	1.~~440000~~305000	1,000.000000
M	0910/2527/03	1011/2624/03		A-Act/360	61744CAQ9	53,136,000.00	1,000.000000	1.~~662222~~506389	-	1.~~662222~~506389	1,000.000000
B	0910/2527/03	1011/2624/03		A-Act/360	61744CAR7	4,258,000.00	1,000.000000	43.~~328889~~923055	-	43.~~328889~~923055	1,000.000000
X	0910/2527/03	1011/2624/03		A-Act/360		7,323,343.00	999.984554	~~200~~203.~~795281~~309009	-	~~200~~203.~~795281~~309009	999.984554
P	0910/2527/03	1011/2624/03		-		-	-	-	-	-	-
R	0910/2527/03	1011/2624/03		-		-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC9
	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	180,213,000.00		~~345~~547,~~192~~868.1694		610,~~401~~713,~~074~~506.3591	~~295~~489,~~540~~669.1355	611,~~696~~203,~~614~~176.4745	711,~~041~~751,~~806~~045.6339	-	-	~~173~~169,~~516~~009,~~385~~823.5355
A-2	70,385,000.00		~~119~~188,~~484~~885.0199		46,~~899~~206,~~346~~720.9737	~~217~~276,~~329~~182.8687	56,~~116~~482,~~676~~903.8425	56,~~236~~671,~~160~~789.8524	-	-	6563,~~268~~902,~~323~~096.1675
A-3	25,300,000.00		5487,~~648~~664.0050		-	-	-	5487,~~648~~664.0050	-	-	25,300,000.00
M	53,136,000.00		~~132~~212,~~485~~529.7624		-	-	-	~~132~~212,~~485~~529.7624	-	-	53,136,000.00
B	4,258,000.00		2744,~~648~~352.6198		-	-	-	2744,~~648~~352.6198	-	-	4,258,000.00
X	7,323,343.00		34,~~178~~667,~~905~~807.8747		108.84	4.68	113.52	34,~~179~~667,~~019~~920.3999	-	-	7,323,229.88
P	-		~~125~~224,~~330~~018.6305		-	-	-	~~125~~224,~~330~~018.6305	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	340,615,343.00		35,~~983~~973,~~695~~127.0417		1116,~~300~~920,~~530~~336.1612	~~512~~765,~~874~~857.6710	1117,~~813~~686,~~404~~193.8322	1523,~~797~~659,~~099~~320.8739	-	-	~~328~~322,~~801~~929,~~938~~150.5718
	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	1.45000%	~~177~~173,~~715~~516,~~004~~385.4953			~~229~~202,~~054~~676.8978	-	-	-	~~229~~202,~~054~~676.8978	~~229~~202,~~054~~676.8978	-
A-2	1.32000%	6665,~~640~~268,~~462~~323.1216			7869,~~191~~401.4898	-	-	-	7869,~~191~~401.4898	7869,~~191~~401.4898	-
A-3	1.62000%	25,300,000.00			3633,~~432~~016.0050	-	-	-	3633,~~432~~016.0050	3633,~~432~~016.0050	-
M	1.87000%	53,136,000.00			8880,~~323~~043.8448	-	-	-	8880,~~323~~043.8448	8880,~~323~~043.8448	-
B	4.87000%	4,258,000.00			1816,~~432~~704.4137	-	-	-	1816,~~432~~704.4137	1816,~~432~~704.4137	-
X	5.~~25507~~41129%	7,323,229.88			1,~~470~~488,~~492~~901.7261	-	-	-	1,~~470~~488,~~492~~901.7261	1,~~470~~488,~~492~~901.7261	-
P		-			-	-	-	-	-	8198,~~734~~687.2242	-
R		-			8198,~~734~~687.2242	-	-	-	8198,~~734~~687.2242	-	-
Total		~~334~~328,~~372~~801,~~696~~938.4957			21,~~002~~989,~~661~~432.5614	-	-	-	21,~~002~~989,~~661~~432.5614	21,~~002~~989,~~661~~432.5614	-
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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					1,~~372~~366,~~138~~226.9641	4,~~198~~506,~~618~~561.9698	5,~~570~~872,~~757~~788.9239
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					1,~~372~~366,~~138~~226.9641	4,~~198~~506,~~618~~561.9698	5,~~570~~872,~~757~~788.9239
	Interest Collections					~~679~~670,~~738~~216.8592	1,~~285~~263,~~116~~426.4312	1,~~964~~933,~~855~~643.2804
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(76,~~074~~871.7420)	(1316,~~704~~122.5057)	(2022,~~779~~993.2477)
	TOTAL NET INTEREST					~~675~~668,~~892~~412.84	1,~~282~~259,~~693~~340.5096	1,~~958~~927,~~586~~753.3480
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					2,~~048~~034,~~031~~639.8025	5,~~481~~765,~~312~~902.4694	7,~~529~~800,~~344~~542.2619
	Prepayment Penalties Collected							8198,~~734~~687.2242
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							7,~~573~~862,~~419~~220.4853
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					87,~~700~~373.0711	~~167~~165,~~754~~609.9532	~~255~~252,~~455~~982.0243
	Prepayments In Full					1,~~263~~276,~~839~~786.1480	4,~~012~~328,~~215~~157.6169	5,~~276~~604,~~054~~944.7549
	Curtailments					202,~~599~~066.7550	1812,~~648~~794.4097	3914,~~248~~861.1547
	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					(7677,~~523~~682.6468)	(~~151~~144,~~489~~496.4413)	(~~228~~222,~~013~~178.0881)
	Advanced Principal					7677,~~523~~682.6468	~~151~~144,~~489~~496.4413	~~228~~222,~~013~~178.0881
	TOTAL PRINCIPAL COLLECTED					1,~~372~~366,~~138~~226.9641	4,~~198~~506,~~618~~561.9698	5,~~570~~872,~~757~~788.9239
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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					~~724~~716,~~840~~773.3621	1,~~376~~351,~~829~~680.6142	2,~~101~~068,~~669~~453.9763
	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					(35,~~228~~067.7312)	(1112,~~281~~037.5741)	(1417,~~510~~104.3053)
	Delinquent Interest					(~~639~~633,~~161~~192.3119)	(1,~~214~~153,~~981~~678.1428)	(1,~~854~~786,~~142~~870.4547)
	Interest Advanced					~~597~~591,~~288~~703.5302	1,~~134~~077,~~549~~461.5339	1,~~731~~669,~~838~~164.0641
	TOTAL INTEREST COLLECTED					~~679~~670,~~738~~216.8592	1,~~285~~263,~~116~~426.4312	1,~~964~~933,~~855~~643.2804
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					5,~~787~~599.9080	1113,~~229~~694.6595	1719,~~017~~294.5575
	Trustee Fees					1,~~286~~271.8440	2,~~474~~427.8562	3,~~761~~699.6902
	TOTAL INTEREST OTHER FEES					76,~~074~~871.7420	1316,~~704~~122.5057	2022,~~779~~993.2477
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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
	Excess Reserve Fund Balance (Ending)							0.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Beginning Subordinated Amount							7,323,229.90
	Ending Subordinated Amount							7,323,229.90
	Specified Subordinated Amount							7,323,229.90
	Senior Enhancement Percentage							1920.6804%
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					479	1318	1797
	Prior					~~477~~472	1,~~305~~284	1,~~782~~756
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(54)	(2124)	(2628)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~472~~468	1,~~284~~260	1,~~756~~728
	Principal Balance:
	Original					114,947,309.86	222,485,078.24	337,432,388.10
	Prior					~~114~~113,~~385~~013,~~659~~520.2025	~~219~~215,~~987~~788,~~037~~418.2934	~~334~~328,~~372~~801,~~696~~938.4959
	Prefunding					~~0.01~~-	~~0.01~~-	~~0.02~~-
	Scheduled Principal					(87,~~700~~373.0711)	(~~167~~165,~~754~~609.9532)	(~~255~~252,~~455~~982.0243)
	Partial and Full Voluntary Prepayments					(1,~~284~~278,~~438~~853.8930)	(4,~~030~~340,~~864~~952.0166)	(5,~~315~~619,~~302~~805.9096)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~113~~111,~~013~~647,~~520~~293.2584	~~215~~211,~~788~~281,~~418~~856.3436	~~328~~322,~~801~~929,~~938~~150.5920
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 8 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.604841%	7.506785%	7.540188%
	Weighted Average Coupon Prior					7.~~604841~~604174%	7.~~506785~~510422%	7.~~540188~~542494%
	Weighted Average Coupon Current					7.~~604174~~610840%	7.~~510422~~516699%	7.~~542494~~549056%
	Weighted Average Months to Maturity Original					414	379	391
	Weighted Average Months to Maturity Prior					~~414~~410	~~379~~377	~~391~~388
	Weighted Average Months to Maturity Current					410	~~377~~376	388
	Weighted Avg Remaining Amortization Term Original					414	379	391
	Weighted Avg Remaining Amortization Term Prior					~~414~~410	~~379~~376	~~391~~388
	Weighted Avg Remaining Amortization Term Current					~~410~~409	376	~~388~~387
	Weighted Average Seasoning Original					4.86	4.75	4.79
	Weighted Average Seasoning Prior					45.86	45.75	45.79
	Weighted Average Seasoning Current					56.8685	56.75	56.79
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 9 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.134%	4.837%
	Weighted Average Margin Prior					3.~~134~~135%	4.~~837~~843%
	Weighted Average Margin Current					3.~~135~~144%	4.~~843~~845%
	Weighted Average Max Rate Original					8.060%	12.322%
	Weighted Average Max Rate Prior					8.~~060~~068%	12.~~322~~335%
	Weighted Average Max Rate Current					8.~~068~~078%	12.~~335~~339%
	Weighted Average Min Rate Original					4.121%	6.372%
	Weighted Average Min Rate Prior					4.~~121~~124%	6.~~372~~380%
	Weighted Average Min Rate Current					4.~~124~~134%	6.~~380~~385%
	Weighted Average Cap Up Original					0.929%	1.306%
	Weighted Average Cap Up Prior					0.~~929~~931%	1.~~306~~307%
	Weighted Average Cap Up Current					0.~~931~~927%	1.~~307~~306%
	Weighted Average Cap Down Original					0.929%	1.306%
	Weighted Average Cap Down Prior					0.~~929~~931%	1.~~306~~307%
	Weighted Average Cap Down Current					0.~~931~~927%	1.~~307~~306%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					5,~~787~~599.9080	1113,~~229~~694.6595	1719,~~017~~294.5575
	Delinquent Servicing Fees					41,~~872~~489.7917	8076,~~431~~216.6289	~~122~~117,~~304~~706.4106
	TOTAL SERVICING FEES					47,~~660~~088.6997	9189,~~661~~911.2784	~~139~~137,~~321~~000.9681
	Prepayment Interest Shortfall					35,~~228~~067.7312	1112,~~281~~037.5741	1417,~~510~~104.3053
	Compensating Interest					(35,~~228~~067.7312)	(1112,~~281~~037.5741)	(1417,~~510~~104.3053)
	Delinquent Servicing Fees					(41,~~872~~489.7917)	(8076,~~431~~216.6289)	(~~122~~117,~~304~~706.4106)
	COLLECTED SERVICING FEES					5,~~787~~599.9080	1113,~~229~~694.6595	1719,~~017~~294.5575
	Aggregate Advances with respect to this Distribution					~~673~~669,~~812~~385.1770	1,~~286~~221,~~038~~957.9752	1,~~959~~891,~~851~~343.1422
	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					(35,~~228~~067.7312)	(1112,~~281~~037.5741)	0.00
	Net Monthly Excess Cash Flow							1,~~470~~488,~~492~~901.7261
	Ending Pool Stated Principal Balance					~~113~~111,~~013~~647,~~520~~293.2584	~~215~~211,~~788~~281,~~418~~856.3436	~~328~~322,~~801~~929,~~938~~150.5920
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~457~~5,~~599~~588,661.6109	-1,052,538.18	-	~~457~~6,~~599~~641,199.6127
		% Balance			01.1473%	0.0033%	0.00%	02.1406%
		# Loans			330	-4	-	334
		% # Loans			01.1774%	0.0023%	0.00%	01.1797%
FORECLOSURE		Balance		~~204,125.37~~-	-1,588,314.15	-	-	~~204~~1,~~125~~588,314.3715
		% Balance		0.0600%	0.0049%	0.00%	0.00%	0.0649%
		# Loans		1-	-8	-	-	18
		% # Loans		0.0600%	0.0046%	0.00%	0.00%	0.0646%
BANKRUPTCY		Balance		~~302~~213,~~726~~598.7322	-88,928.68	-	-	302,~~726~~526.7390
		% Balance		0.0907%	0.0003%	0.00%	0.00%	0.09%
		# Loans		32	-1	-	-	3
		% # Loans		0.1712%	0.0006%	0.00%	0.00%	0.17%
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		~~506~~213,~~852~~598.1022	~~457~~7,~~599~~265,903.6192	-1,052,538.18	-	~~964~~8,~~451~~532,040.7132
		% Balance		0.1507%	02.1425%	0.0033%	0.00%	02.2964%
		# Loans		42	339	-4	-	745
		% # Loans		0.2312%	02.1726%	0.0023%	0.00%	02.4060%
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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~457~~3,~~599~~353,951.6179	-608,791.41	-	~~457~~3,~~599~~962,743.6120
		% Balance			01.2159%	0.0029%	0.00%	01.2188%
		# Loans			320	-3	-	323
		% # Loans			01.2359%	0.0024%	0.00%	01.2383%
FORECLOSURE		Balance		~~204,125.37~~-	-1,152,467.65	-	-	~~204~~1,~~125~~152,467.3765
		% Balance		0.0900%	0.0055%	0.00%	0.00%	0.0955%
		# Loans		1-	-6	-	-	16
		% # Loans		0.0800%	0.0048%	0.00%	0.00%	0.0848%
BANKRUPTCY		Balance		~~88,975.66~~-	-88,928.68	-	-	88,~~975~~928.6668
		% Balance		0.0400%	0.0004%	0.00%	0.00%	0.04%
		# Loans		1-	-1	-	-	1
		% # Loans		0.0800%	0.0008%	0.00%	0.00%	0.08%
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		~~293,101.03~~-	~~457~~4,~~599~~595,348.6112	-608,791.41	-	~~750~~5,~~700~~204,139.6453
		% Balance		0.1400%	02.2117%	0.0029%	0.00%	02.3546%
		# Loans		2-	327	-3	-	530
		% # Loans		0.1600%	02.2314%	0.0024%	0.00%	02.3938%
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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-2,234,709.30	-443,746.77	-	-2,678,456.07
		% Balance			02.00%	0.0040%	0.00%	02.0040%
		# Loans			-10	-1	-	-11
		% # Loans			02.0014%	0.0021%	0.00%	02.0035%
FORECLOSURE		Balance		-	-435,846.50	-	-	-435,846.50
		% Balance		0.00%	0.0039%	0.00%	0.00%	0.0039%
		# Loans		-	-2	-	-	-2
		% # Loans		0.00%	0.0043%	0.00%	0.00%	0.0043%
BANKRUPTCY		Balance		213,~~751~~598.0722	-	-	-	213,~~751~~598.0722
		% Balance		0.19%	0.00%	0.00%	0.00%	0.19%
		# Loans		2	-	-	-	2
		% # Loans		0.4243%	0.00%	0.00%	0.00%	0.4243%
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		213,~~751~~598.0722	-2,670,555.80	-443,746.77	-	~~213~~3,~~751~~327,900.0779
		% Balance		0.19%	02.0039%	0.0040%	0.00%	02.1998%
		# Loans		2	-12	-1	-	215
		% # Loans		0.4243%	02.0056%	0.0021%	0.00%	03.4221%
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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	REO Report for October 27, 2003 Distribution
	REO Report for November 25, 2003 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 14 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 1				Loan Group 1 = Group 1 Group
Total Loan Count = 7				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 205,287.00				Loan Group 2 = Group 2 Group
Total Original Principal Balance = 1,392,920.00				Loan Group 2 = Group 2 Group
Total Current Balance = 204,125.37
Total Current Balance = 1,384,385.99
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
320314842 1		205,287.00	204,125.37	Aug-01-03	6.350%	CA - 80.00%	360	Apr-03-03
320163413 1		183,920.00	182,803.82	Aug-01-03	7.500%	VT - 80.00%	360	Feb-18-03
320284680 1		130,500.00	130,030.16	Aug-01-03	9.400%	MT - 90.00%	360	Mar-28-03
320287550 1		306,000.00	304,380.18	Aug-01-03	7.500%	CA - 85.00%	360	Apr-04-03
320299241 1		255,000.00	254,129.07	Aug-01-03	9.350%	NJ - 69.29%	360	Apr-02-03
320311822 1		77,500.00	77,196.26	Aug-01-03	8.990%	NJ - 45.59%	360	Mar-27-03
320308604 2		352,000.00	348,578.96	Aug-01-03	6.100%	CA - 80.00%	360	Apr-03-03
320326424 2		88,000.00	87,267.54	Aug-01-03	10.990%	CA - 20.00%	240	Apr-03-03
				Page 15 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					54	2124	2628
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					54	2124	2628
	Paid in Full Balance					1,~~263~~276,~~839~~786.1480	4,~~012~~328,~~215~~157.6169	5,~~276~~604,~~054~~944.7549
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					202,~~599~~066.7550	1812,~~648~~794.4097	3914,~~248~~861.1547
	Total Prepayment Amount					1,~~284~~278,~~438~~853.8930	4,~~030~~340,~~864~~952.0166	5,~~315~~619,~~302~~805.9096
	Cumulative
	Number of Paid in Full Loans					711	3458	4169
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					711	3458	4169
	Paid in Full Balance					13,~~735~~012,~~972~~758.1393	610,~~336~~664,~~180~~338.9160	813,~~072~~677,~~153~~097.0453
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					2224,~~342~~408.0454	2335,~~079~~874.7774	4560,~~421~~283.8128
	Total Prepayment Amount					13,~~758~~037,~~314~~167.1747	610,~~359~~700,~~260~~213.6834	813,~~117~~737,~~574~~380.8581
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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					1.1213%	12.8301%	1.5971%
	3 Months Avg SMM					0.89%	1.63%	1.38%
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.7789%	1.4463%	1.2138%
	CPR					12.6877%	1921.9266%	1718.5170%
	3 Months Avg CPR					10.17%	17.92%	15.34%
	12 Months Avg CPR
	Avg CPR Since Cut-off					810.8517%	1517.9992%	1315.6134%
	PSA					~~1082~~932.8404%	~~1731~~1603.2855%	~~1512~~1377.3368%
	3 Months Avg PSA Approximation					868.78%	1557.87%	1325.36%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~825~~868.6278%	~~1522~~1557.2087%	~~1286~~1325.8936%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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 = 26						Loan Group 1 = Group 1 Group
Total Loan Count = 28						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 5,296,500.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 5,634,801.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 5,276,054.75
Total Prepayment Amount = 5,604,944.49
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
320161201 1			245,000.00	243,880.50	Sep-10-03	6.500%	CT - 70.00%	Paid Off - 360	Mar-25-03
320160278 1			110,000.00	109,632.64	Oct-28-03	9.000%	SC - 52.38%	Paid Off - 360	Mar-28-03
320162621 1			144,800.00	144,211.18	Sep-30-03	7.100%	NY - 80.00%	Paid Off - 360	Mar-18-03
320160633 1			263,500.00	262,617.88	Oct-14-03	8.990%	CA - 85.00%	Paid Off - 360	Mar-28-03
320164700 1			132,000.00	131,514.46	Sep-10-03	8.100%	MA - 39.40%	Paid Off - 360	Mar-17-03
320172711 1			201,875.00	201,000.48	Oct-01-03	8.500%	NY - 85.00%	Paid Off - 360	Mar-11-03
320175615 1			140,000.00	139,426.84	Sep-24-03	8.000%	TX - 80.00%	Paid Off - 360	Mar-04-03
320183015 1			81,000.00	80,688.15	Oct-02-03	8.850%	FL - 79.41%	Paid Off - 360	Mar-18-03
320176019 1			297,500.00	297,500.00	Sep-18-03	4.840%	NV - 85.00%	Paid Off - 300	Mar-07-03
320188253 1			108,000.00	107,544.34	Oct-16-03	7.850%	MA - 75.00%	Paid Off - 360	Mar-17-03
320178635 1			300,000.00	298,615.90	Sep-03-03	6.450%	IL - 68.18%	Paid Off - 360	Mar-11-03
320190077 1			200,800.00	199,747.97	Oct-29-03	6.750%	CA - 80.00%	Paid Off - 360	Mar-07-03
320179187 1			172,500.00	171,902.82	Sep-26-03	8.050%	CT - 75.00%	Paid Off - 360	Mar-12-03
320201205 1			211,500.00	208,549.16	Oct-17-03	6.750%	CA - 90.00%	Paid Off - 360	Mar-31-03
320179419 1			154,850.00	154,223.55	Sep-15-03	7.600%	MN - 95.00%	Paid Off - 360	Mar-04-03
320201833 1			190,000.00	189,051.77	Oct-29-03	7.000%	NY - 77.55%	Paid Off - 360	Mar-31-03
320184427 1			200,000.00	197,824.22	Sep-25-03	6.990%	CA - 45.45%	Paid Off - 360	Mar-14-03
320202666 1			144,000.00	143,477.58	Oct-29-03	8.600%	MI - 84.71%	Paid Off - 360	Mar-25-03
320208424 1			144,400.00	143,909.04	Sep-26-03	8.000%	CT - 80.00%	Paid Off - 360	Mar-28-03
320206493 1			82,500.00	82,223.86	Oct-24-03	8.990%	FL - 75.00%	Paid Off - 360	Mar-28-03
320210370 1			203,000.00	202,356.98	Sep-09-03	8.550%	CA - 70.00%	Paid Off - 360	Mar-31-03
320206535 1			212,500.00	211,515.43	Oct-10-03	7.650%	WA - 85.00%	Paid Off - 360	Mar-25-03
320211022 1			186,000.00	185,483.26	Sep-17-03	8.990%	CA - 74.40%	Paid Off - 360	Mar-27-03
320208648 1			300,000.00	298,502.86	Oct-31-03	7.000%	CA - 80.00%	Paid Off - 360	Mar-31-03
320216690 1			264,000.00	262,454.71	Sep-16-03	6.900%	CA - 80.00%	Paid Off - 360	Mar-13-03
320220106 1			120,000.00	119,508.75	Oct-29-03	8.000%	TX - 75.00%	Paid Off - 360	Mar-31-03
320289432 1			304,000.00	302,984.57	Sep-16-03	6.950%	CA - 82.61%	Paid Off - 360	Apr-11-03
320284300 1			100,000.00	99,588.83	Oct-06-03	7.990%	ID - 83.33%	Paid Off - 360	Mar-13-03
320293855 1			79,900.00	79,717.89	Sep-02-03	8.850%	FL - 85.00%	Paid Off - 360	Apr-30-03
320289887 1			167,000.00	166,164.93	Oct-02-03	6.990%	CA - 60.73%	Paid Off - 360	Apr-03-03
320300254 1			225,000.00	224,089.59	Sep-10-03	7.125%	IL - 90.00%	Paid Off - 360	Apr-02-03
320303555 1			200,001.00	199,312.14	Oct-22-03	8.850%	MA - 66.67%	Paid Off - 360	Mar-18-03
320302631 1			113,000.00	112,642.07	Sep-16-03	8.350%	LA - 88.98%	Paid Off - 360	Apr-02-03
320305014 1			242,550.00	241,490.01	Oct-07-03	7.150%	IL - 90.00%	Paid Off - 360	Apr-29-03
320308208 1			270,000.00	269,013.88	Sep-23-03	6.990%	CA - 90.00%	Paid Off - 360	Apr-21-03
320305899 1			267,000.00	265,848.77	Oct-01-03	6.800%	NY - 82.15%	Paid Off - 360	Apr-03-03
320313141 1			139,000.00	138,615.52	Sep-26-03	7.900%	AZ - 79.43%	Paid Off - 360	Apr-24-03
320307051 1			78,625.00	78,432.60	Oct-16-03	9.600%	SC - 85.00%	Paid Off - 360	Apr-04-03
320313281 1			150,000.00	149,503.84	Sep-30-03	7.000%	CA - 79.79%	Paid Off - 360	Apr-28-03
320309966 1			243,750.00	242,315.89	Oct-20-03	7.150%	CA - 62.50%	Paid Off - 360	Mar-31-03
320330277 1			163,000.00	162,344.79	Sep-11-03	5.990%	CA - 36.22%	Paid Off - 360	Apr-30-03
320323413 1			256,700.00	255,763.85	Oct-31-03	7.650%	CA - 85.00%	Paid Off - 360	Apr-29-03
320160583 2			242,000.00	241,208.50	Sep-19-03	8.200%	NY - 83.45%	Paid Off - 360	Mar-11-03
320323454 1			289,000.00	287,878.00	Oct-30-03	7.800%	CA - 88.92%	Paid Off - 360	Apr-29-03
320191042 2			331,550.00	330,132.05	Sep-15-03	7.050%	NC - 95.00%	Paid Off - 360	Mar-17-03
320327976 1			81,500.00	77,999.62	Oct-01-03	6.990%	TX - 71.49%	Paid Off - 360	Apr-30-03
320206022 2			175,000.00	174,555.08	Sep-05-03	9.417%	NJ - 66.04%	Paid Off - 360	Mar-31-03
320328743 1			200,100.00	199,302.18	Oct-15-03	7.200%	CA - 76.96%	Paid Off - 360	Apr-25-03
320220155 2			372,000.00	370,488.75	Sep-29-03	4.800%	NJ - 80.00%	Paid Off - 300	Mar-26-03
320140288 2			163,500.00	162,262.36	Oct-01-03	7.950%	NY - 64.12%	Paid Off - 300	Feb-21-03
320220353 2			148,000.00	147,454.76	Sep-23-03	7.600%	IL - 80.00%	Paid Off - 360	Mar-12-03
320201775 2			374,400.00	373,014.76	Oct-07-03	8.500%	CA - 90.00%	Paid Off - 360	Mar-18-03
320205230 2			340,000.00	337,962.96	Oct-15-03	6.050%	MI - 41.98%	Paid Off - 360	Mar-27-03
320307721 2			405,000.00	403,546.72	Oct-21-03	8.650%	IL - 90.00%	Paid Off - 360	Apr-11-03
					Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	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					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Note: Collateral Realized Loss Amount 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 20 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	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 Net Liquidation Proceeds = 0.00
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
	Morgan Stanley ABS Capital I Inc. 2003-NC9
	Mortgage Pass-Through Certificates
	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
	1. Does (A) equal or exceed (B)?							No
	(A) 60+ Day Delinq % (quotient of (x) over (y))							0.0631%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							~~204~~1,~~223~~016,433.4508
	(y) Stated Principal Balance							~~328~~322,~~801~~929,~~938~~150.5920
	(B) 40% of Sr. Enhancement Percentage							6.7789%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.00%
	(x) Agg. Realized Losses to date							0.00
	(y) Cut-off Date Pool Principal Balance							340,615,343.41
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							19.3568%
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
	Class A-2 Certificate Deficiency Amount							0.00
	Reimbursement Amount							0.00
	Interest Rate Cap Payment							0.00
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORGAN STANLEY ABS CAP I INC MORT PAS THR CERTS SER 2003-NC9