
                                      UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549


                                        FORM 8-K /A


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  October 25, 2004
                          (Date of earliest event reported)

              GS Mortgage Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as May 1, 2004,
               providing for the issuance of GSAA Trust 2004-3 Mortgage
                      Pass-Through Certificates Series 2004-3)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-100818-36                          13-6357101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               85 Broad Street
               New York, New York                        1004
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


        (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

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


     Item 8.01  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 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     October 25, 2004.

                                    Signatures

               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,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of GS Mortgage Securities
                                  Corporation, Registrant


          Date:  Mar 02, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of October 25, 2004.


	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates


	October 25, 2004 Distribution - REVISED


	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				12
			8.	Prepayment Report				13
			9.	Prepayment Detail Report				16
			10.	Realized Loss Report				18
			11.	Realized Loss Detail Report				21
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				22
			13.	Other Related Information				23




				Total Number of Pages				23



			CONTACTS

				Administrator: Nicholas Gisler
				Direct Phone Number: (714)247-6268
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

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



ISSUANCE INFORMATION

	Seller:		Goldman Sachs Mortgage Securities					Cut-Off Date: May 1, 2004
	Certificate Insurer(s):							Closing Date: May 28, 2004
								First Payment Date: June 25, 2004
	Servicer(s):		Countrywide Home Loans Serv Servicer
			Chase Manhattan Mortgage Servicer
			Wells Fargo Servicer
								Distribution Date: October 25, 2004
	Underwriter(s):		Goldman, Sachs & Co. Underwriter					Record Date: October 22, 2004
			Goldman, Sachs & Co.					September 30, 2004






						Page 1 of 23					© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	REMIC II Series 2004-3
	Certificate Payment Report for October 25, 2004 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)

AV-1	FLT, STEP,	156,061,000.00			127,359,943.58	197,124.89	8,765,793.47	8,962,918.36	-	-	118,594,150.11
AF-2	FLT, STEP,	96,866,000.00			96,866,000.00	375,436.47	-	375,436.47	-	-	96,866,000.00
AF-3	FLT, STEP,	30,018,000.00			30,018,000.00	142,360.37	-	142,360.37	-	-	30,018,000.00
AF-4	FLT, STEP,	62,106,000.00			62,106,000.00	321,916.10	-	321,916.10	-	-	62,106,000.00
AF-5	FLT, STEP,	38,340,000.00			38,340,000.00	182,083.05	-	182,083.05	-	-	38,340,000.00
M-1	MEZ, STEP,	14,395,000.00			14,395,000.00	74,614.08	-	74,614.08	-	-	14,395,000.00
M-2	MEZ, STEP,	11,644,000.00			11,644,000.00	60,354.73	-	60,354.73	-	-	11,644,000.00
B-1	SUB, STEP,	7,409,000.00			7,409,000.00	38,403.32	-	38,403.32	-	-	7,409,000.00
B-2	SUB, STEP,	3,176,000.00			3,176,000.00	16,462.27	-	16,462.27	-	-	3,176,000.00
X	OC	3,388,341.49			6,351,050.12	679,171.85	-	679,171.85	-	0.00	6,351,050.12
P		-			-	155,091.68	-	155,091.68	-	-	-
R	R	-			-	-	-	-	-	-	-


Total		423,403,341.49			397,664,993.70	2,243,018.81	8,765,793.47	11,008,812.28	-	0.00	388,899,200.23


	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)

AV-1	09/27/04	10/24/04		A-Act/360	36228F3L8	156,061,000.00	816.090782	1.263127	56.169020	57.432147	759.921762
AF-2	08/31/04	09/30/04		F-30/360	36228F3M6	96,866,000.00	1,000.000000	3.875833	-	3.875833	1,000.000000
AF-3	08/31/04	09/30/04		F-30/360	36228F3N4	30,018,000.00	1,000.000000	4.742500	-	4.742500	1,000.000000
AF-4	08/31/04	09/30/04		F-30/360	36228F3P9	62,106,000.00	1,000.000000	5.183333	-	5.183333	1,000.000000
AF-5	08/31/04	09/30/04		F-30/360	36228F3Q7	38,340,000.00	1,000.000000	4.749167	-	4.749167	1,000.000000
M-1	08/31/04	09/30/04		F-30/360	36228F3R5	14,395,000.00	1,000.000000	5.183333	-	5.183333	1,000.000000
M-2	08/31/04	09/30/04		F-30/360	36228F3S3	11,644,000.00	1,000.000000	5.183333	-	5.183333	1,000.000000
B-1	08/31/04	09/30/04		F-30/360	36228F3T1	7,409,000.00	1,000.000000	5.183334	-	5.183334	1,000.000000
B-2	08/31/04	09/30/04		F-30/360	36228F3U8	3,176,000.00	1,000.000000	5.183334	-	5.183334	1,000.000000
X	08/31/04	09/30/04		F-30/360	36228F3Z7	426,791,682.98	946.635232	1.591343	-	1.591343	926.096422
P				F-30/360	36228F4A1	-	-	-	-	-	-
R				F-30/360	36228F4B9	-	-	-	-	-	-


							Page 2 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	REMIC II Series 2004-3
	Certificate Payment Report for October 25, 2004 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)

AV-1	156,061,000.00		942,205.13		35,589,852.69	1,876,997.20	37,466,849.89	38,409,055.02	-	-	118,594,150.11
AF-2	96,866,000.00		1,877,182.35		-	-	-	1,877,182.35	-	-	96,866,000.00
AF-3	30,018,000.00		711,801.85		-	-	-	711,801.85	-	-	30,018,000.00
AF-4	62,106,000.00		1,609,645.77		-	-	-	1,609,645.77	-	-	62,106,000.00
AF-5	38,340,000.00		910,415.25		-	-	-	910,415.25	-	-	38,340,000.00
M-1	14,395,000.00		373,085.53		-	-	-	373,085.53	-	-	14,395,000.00
M-2	11,644,000.00		301,785.89		-	-	-	301,785.89	-	-	11,644,000.00
B-1	7,409,000.00		192,024.39		-	-	-	192,024.39	-	-	7,409,000.00
B-2	3,176,000.00		82,314.69		-	-	-	82,314.69	-	-	3,176,000.00
X	3,388,341.49		836,471.26		-	-	-	836,471.26	-	2,962,708.63	6,351,050.12
P	-		588,052.69		-	-	-	588,052.69	-	-	-
R	-		-		-	-	-	-	-	-	-


Total	423,403,341.49		8,424,984.80		35,589,852.69	1,876,997.20	37,466,849.89	45,891,834.69	-	2,962,708.63	388,899,200.23


	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)

AV-1	1.99000%	127,359,943.58			197,124.89	-	-	-	197,124.89	197,124.89	-
AF-2	4.65100%	96,866,000.00			375,436.47	-	-	-	375,436.47	375,436.47	-
AF-3	5.69100%	30,018,000.00			142,360.37	-	-	-	142,360.37	142,360.37	-
AF-4	6.22000%	62,106,000.00			321,916.10	-	-	-	321,916.10	321,916.10	-
AF-5	5.69900%	38,340,000.00			182,083.05	-	-	-	182,083.05	182,083.05	-
M-1	6.22000%	14,395,000.00			74,614.08	-	-	-	74,614.08	74,614.08	-
M-2	6.22000%	11,644,000.00			60,354.73	-	-	-	60,354.73	60,354.73	-
B-1	6.22000%	7,409,000.00			38,403.32	-	-	-	38,403.32	38,403.32	-
B-2	6.22000%	3,176,000.00			16,462.27	-	-	-	16,462.27	16,462.27	-
X	2.03964%	404,016,043.82			675,910.28	-	-	-	675,910.28	679,171.85	-
P		-			155,091.68	-	-	-	-	155,091.68	-
R		-			-	-	-	-	-	-	-


Total		795,329,987.40			2,239,757.24	-	-	-	2,084,665.56	2,243,018.81	-


							Page 3 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Collection Account Report for October 25, 2004 Distribution


	Collection Account Report


SUMMARY								TOTAL

	Principal Collections							8,765,793.47
	Principal Withdrawls							0.00
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							8,765,793.47

	Interest Collections							2,156,403.06
	Interest Withdrawals							0.00
	Interest Fees							(68,475.93)
	Interest Other Accounts							155,091.68
	TOTAL NET INTEREST							2,243,018.81

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							11,008,812.28


PRINCIPAL - COLLECTIONS								TOTAL

	Scheduled Principal Received							367,334.60
	Curtailments							103,828.28
	Prepayments in Full							8,294,630.59
	Repurchased Principal Amounts							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Principal							0.00
	Current Realized Loss of Principal							0.00
	Supplemental Realized Loss\Gain of Principal							0.00
	Subtitution Shortfall Principal							0.00
	Loan Adjustment Principal							0.00
	Delinquent Principal							(190,120.96)
	Advanced Principal							190,120.96

	TOTAL PRINCIPAL COLLECTED							8,765,793.47


				Page 4 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Collection Account Report for October 25, 2004 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS								TOTAL

	Scheduled Interest							2,241,668.97
	Repurchased Interest							0.00
	Liquidation Interest							0.00
	PMI Premium							(2,920.49)
	Other Interest							0.00
	Prepayment Interest Shortfalls							(19,664.06)
	Realized Losses of Interest							0.00
	Compensating Interest							19,664.06
	Relief Act Interest Shortfalls							0.00
	Substitution Shortfall Interest							0.00
	Loan Adjustment Interest							0.00
	Delinquent Interest							(1,120,145.90)
	Interest Advanced							1,037,800.48

	TOTAL INTEREST COLLECTED							2,156,403.06


				Page 5 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Collection Account Report for October 25, 2004 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS								TOTAL

	Trust Fund Expenses							0.00
	Non Recoverable Advances							0.00
	Reimbursements to Master Servicer							0.00

	TOTAL INTEREST WITHDRAWALS							0.00


INTEREST - OTHER ACCOUNTS								TOTAL

	Prepayment Charges							155,091.68
	Interest Cap Payments							0.00

	TOTAL INTEREST OTHER ACCOUNTS							155,091.68


INTEREST - FEES								TOTAL

	Current Servicing Fees							66,487.61
	Trustee Fee							1,988.32

	TOTAL INTEREST OTHER FEES							68,475.93


				Page 6 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Credit Enhancement Report for October 25, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS								TOTAL

	Beginning Excess Reserve Fund Account Balance							0.00
	Basis Risk Carryover Deposit							0.00
	Interest Cap Payment Deposit
	Basis Risk Carryover Amount Paid							0.00
	Interest Cap Pmt Amount Released to Class X Interest							0.00
	Ending Excess Reserve Fund Account Balance							0.00


INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES								TOTAL

	Overcollateralized Amount							6,351,050.12

	Specified Overcollateralized Amount							6,351,050.12


				Page 7 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Collateral Report for October 25, 2004 Distribution


	Collateral Report


COLLATERAL								TOTAL
	Loan Count:
	Original							2303
	Prior							2,191
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(47)
	Repurchases							-
	Liquidations							-
	Current							2,144

	Principal Balance:
	Original							423,403,341.49
	Prior							397,664,993.70
	Prefunding							-
	Scheduled Principal							(367,334.60)
	Partial and Full Voluntary Prepayments							(8,398,458.87)
	Repurchases							-
	Liquidations							-
	Current							388,899,200.23

PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK




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


				Page 8 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Collateral Report for October 25, 2004 Distribution


	Collateral Report


CHARACTERISTICS								TOTAL

	Weighted Average Coupon Original							6.778665%
	Weighted Average Coupon Prior							6.768516%
	Weighted Average Coupon Current							6.764495%
	Weighted Average Months to Maturity Original							350
	Weighted Average Months to Maturity Prior							346
	Weighted Average Months to Maturity Current							345
	Weighted Avg Remaining Amortization Term Original							350
	Weighted Avg Remaining Amortization Term Prior							346
	Weighted Avg Remaining Amortization Term Current							345
	Weighted Average Seasoning Original							5.20
	Weighted Average Seasoning Prior							8.17
	Weighted Average Seasoning Current							9.15

Note: Original information refers to deal issue.




WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Collateral Report for October 25, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS								TOTAL

	Weighted Average Margin Original							0.000%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current							0.000%
	Weighted Average Max Rate Original							0.000%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							0.000%
	Weighted Average Min Rate Original							0.000%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							0.000%
	Weighted Average Cap Up Original							0.000%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.000%
	Weighted Average Cap Down Original							0.000%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.000%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES								TOTAL

	Current Servicing Fees							66,487.61
	Delinquent Servicing Fees							82,345.43
	TOTAL SERVICING FEES							148,833.04

	Prepayment Interest Shortfall							19,664.06
	Compensating Interest							(19,664.06)
	Delinquent Servicing Fees							(82,345.43)
	COLLECTED SERVICING FEES							66,487.61

	Aggregate Advances with respect to this Distribution							1,227,921.44
	Aggregate Outstanding Advances as reported by Servicer							0.00


ADDITIONAL COLLATERAL INFORMATION								TOTAL

	Prepayment Interest Shortfall							19,664.06
	Compensating Interest							(19,664.06)
	NET PREPAYMENT INTEREST SHORTFALL							0.00

	Net Monthly Excess Cash Flow							679,171.85
	Net Monthly Excess Cash Flow alloc to Realized Losses							0.00
	Net Monthly Excess Cash Flow alloc to Unpaid Interest							0.00

	Current LIBOR							1.840000%
	Next LIBOR							1.932500%
	TR1MLB



				Page 10 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Delinquency Report for October 25, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			3,337,442.98	1,905,122.84	817,664.91	6,060,230.73
		% Balance			0.86%	0.49%	0.21%	1.56%
		# Loans			15	8	4	27
		% # Loans			0.70%	0.37%	0.19%	1.26%
FORECLOSURE		Balance		-	-	-	670,263.88	670,263.88
		% Balance		0.00%	0.00%	0.00%	0.17%	0.17%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.09%	0.09%
BANKRUPTCY		Balance		74,666.74	-	-	-	74,666.74
		% Balance		0.02%	0.00%	0.00%	0.00%	0.02%
		# Loans		1	-	-	-	1
		% # Loans		0.05%	0.00%	0.00%	0.00%	0.05%
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		74,666.74	3,337,442.98	1,905,122.84	1,487,928.79	6,805,161.35
		% Balance		0.02%	0.86%	0.49%	0.38%	1.75%
		# Loans		1	15	8	6	30
		% # Loans		0.05%	0.70%	0.37%	0.28%	1.40%
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 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	REO Report for October 25, 2004 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group 1 - Adj/Fixed; REO Book Value = 000.00
Total Original Principal Balance = 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 12 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Prepayment Report for October 25, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS								TOTAL

	Current
	Number of Paid in Full Loans							47
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							47

	Paid in Full Balance							8,294,630.59
	Repurchased Loans Balance							-
	Curtailments Amount							103,828.28
	Total Prepayment Amount							8,398,458.87

	Cumulative
	Number of Paid in Full Loans							159
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							159

	Paid in Full Balance							32,136,555.03
	Repurchased Loans Balance							-
	Curtailments Amount							490,589.03
	Total Prepayment Amount							32,627,144.06

SPACE INTENTIONALLY LEFT BLANK


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


				Page 13 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Prepayment Report for October 25, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES								TOTAL

	SMM							2.11%
	3 Months Avg SMM							1.63%
	12 Months Avg SMM
	Avg SMM Since Cut-off							1.60%

	CPR							22.62%
	3 Months Avg CPR							17.91%
	12 Months Avg CPR
	Avg CPR Since Cut-off							17.55%

	PSA							1236.24%
	3 Months Avg PSA Approximation							1095.95%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							1222.17%







CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 14 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Prepayment Report for October 25, 2004 Distribution


	Prepayment Report - Voluntary Prepayments




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/(0.002*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 15 of 23				© COPYRIGHT 2005 Deutsche Bank


	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Prepayment Detail Report for October 25, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 47						Loan Group 1 = Group 1 - Adj/Fixed
Total Original Principal Balance = 8,376,247.00
Total Prepayment Amount = 8,294,630.59


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

17220013 1		FCL	234,000.00	231,720.44	Sep-20-04	6.750%	CA - 90.00%	Paid Off - 360	Sep-11-03
17220120 1		FCL	264,600.00	261,136.30	Sep-30-04	6.250%	CA - 90.00%	Paid Off - 360	Sep-24-03
17221094 1		FCL	240,000.00	236,627.34	Sep-24-04	6.250%	CA - 78.69%	Paid Off - 360	Sep-12-03
17221581 1		FCL	220,000.00	217,643.03	Sep-03-04	6.250%	CA - 83.02%	Paid Off - 360	Sep-05-03
17221607 1		FCL	185,250.00	183,265.30	Sep-08-04	6.250%	CA - 75.00%	Paid Off - 360	Sep-10-03
17222159 1		FCL	318,000.00	314,593.07	Sep-29-04	6.250%	CA - 79.50%	Paid Off - 360	Sep-15-03
17222241 1		FCL	168,300.00	166,734.37	Sep-24-04	6.990%	CA - 90.00%	Paid Off - 360	Sep-12-03
17222274 1		FCL	161,100.00	159,561.89	Sep-22-04	7.500%	CA - 90.00%	Paid Off - 360	Sep-15-03
17222738 1		FCL	220,000.00	217,752.06	Sep-23-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-24-03
17223108 1		FCL	106,250.00	105,397.91	Sep-27-04	7.750%	IL - 85.00%	Paid Off - 360	Sep-04-03
17223413 1		FCL	161,200.00	159,598.94	Sep-23-04	6.650%	IL - 80.00%	Paid Off - 360	Sep-11-03
17223629 1		FCL	276,250.00	266,089.25	Sep-09-04	6.650%	PA - 85.00%	Paid Off - 180	Sep-24-03
17223777 1		FCL	225,000.00	222,533.05	Sep-07-04	6.800%	VA - 87.21%	Paid Off - 360	Sep-04-03
17224205 1		FCL	165,100.00	163,564.16	Sep-16-04	6.990%	VA - 89.24%	Paid Off - 360	Sep-15-03
17224619 1		FCL	215,000.00	212,964.91	Sep-03-04	6.900%	MA - 61.43%	Paid Off - 360	Sep-10-03
17224908 1		FCL	135,000.00	133,949.02	Sep-24-04	7.900%	FL - 72.19%	Paid Off - 360	Sep-16-03
17225376 1		FCL	68,000.00	65,874.62	Sep-24-04	9.650%	CA - 85.00%	Paid Off - 180	Sep-05-03
17225582 1		FCL	85,050.00	84,314.76	Sep-30-04	7.500%	HI - 90.00%	Paid Off - 360	Sep-04-03
17225665 1		FCL	297,500.00	294,310.57	Sep-21-04	6.250%	HI - 85.00%	Paid Off - 360	Sep-10-03
17226390 1		FCL	200,000.00	198,088.68	Sep-07-04	6.850%	NY - 63.49%	Paid Off - 360	Sep-02-03
17226572 1		FCL	150,000.00	148,593.78	Sep-13-04	6.950%	NY - 35.89%	Paid Off - 360	Sep-15-03
17226648 1		FCL	194,750.00	193,184.41	Sep-09-04	7.750%	CT - 95.00%	Paid Off - 360	Sep-05-03
17226705 1		FCL	255,000.00	252,627.93	Sep-13-04	6.990%	NY - 86.15%	Paid Off - 360	Sep-10-03
17226770 1		FCL	230,000.00	227,843.81	Sep-13-04	6.950%	MA - 77.70%	Paid Off - 360	Sep-15-03
134002823 1			180,000.00	177,354.94	Sep-16-04	7.500%	VA - 86.96%	Paid Off - 360	Jan-20-04
134078526 1			252,000.00	250,082.22	Sep-30-04	6.375%	CA - 80.00%	Paid Off - 360	Jan-02-04
134212968 1			247,000.00	245,372.85	Sep-14-04	6.375%	NV - 79.68%	Paid Off - 360	Jan-09-04
134363506 1			95,000.00	94,436.47	Sep-27-04	7.125%	FL - 79.17%	Paid Off - 360	Jan-16-04
134452333 1			146,700.00	145,800.74	Sep-27-04	6.750%	VA - 90.00%	Paid Off - 360	Jan-30-04
134508373 1			93,100.00	92,569.41	Sep-27-04	7.125%	UT - 95.00%	Paid Off - 360	Jan-06-04
134524651 1			97,850.00	97,344.69	Sep-01-04	7.625%	MO - 95.00%	Paid Off - 360	Jan-21-04
134751056 1			80,197.00	79,642.92	Sep-01-04	6.125%	AZ - 58.69%	Paid Off - 360	Jan-26-04
134790344 1			30,150.00	30,010.21	Sep-07-04	7.375%	VA - 90.00%	Paid Off - 360	Feb-04-04
134893783 1			75,000.00	74,529.02	Sep-21-04	6.625%	MD - 55.97%	Paid Off - 360	Jan-23-04
135002384 1			345,000.00	343,278.25	Sep-29-04	7.000%	NJ - 83.13%	Paid Off - 360	Feb-05-04
1165003010 1			387,000.00	384,117.48	Sep-16-04	7.625%	MA - 90.00%	Paid Off - 360	Oct-28-03
1165003303 1			192,300.00	190,775.97	Sep-30-04	6.750%	IL - 71.22%	Paid Off - 360	Nov-19-03
1165003771 1			166,250.00	165,302.61	Sep-23-04	7.125%	RI - 95.00%	Paid Off - 360	Jan-16-04
1781008252 1			155,550.00	154,791.91	Sep-23-04	7.125%	AZ - 94.98%	Paid Off - 360	Feb-02-04
1785006115 1			365,750.00	363,642.89	Sep-17-04	7.250%	MA - 95.00%	Paid Off - 360	Jan-26-04
3254011159 1			84,050.00	83,588.30	Sep-28-04	6.750%	SC - 94.97%	Paid Off - 360	Feb-17-04
3255005419 1			87,750.00	87,353.11	Sep-20-04	7.500%	NC - 64.29%	Paid Off - 360	Feb-03-04
3255005468 1			90,250.00	89,799.60	Sep-27-04	7.000%	FL - 95.00%	Paid Off - 360	Feb-10-04
3262008719 1			81,700.00	81,166.14	Sep-30-04	7.750%	IN - 95.00%	Paid Off - 360	Feb-19-04

					Page 16 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Prepayment Detail Report for October 25, 2004 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

3265005594 1			153,000.00	151,205.43	Sep-28-04	7.375%	IL - 85.00%	Paid Off - 360	Jan-23-04
3274016371 1			76,050.00	75,746.41	Sep-07-04	8.125%	NH - 90.00%	Paid Off - 360	Feb-12-04
3281000981 1			119,250.00	118,749.42	Sep-10-04	7.875%	PA - 90.00%	Paid Off - 360	Feb-12-04


					Page 17 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Realized Loss Report for October 25, 2004 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES								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.


	Supplemental Realized Losses (Recoveries)							0.00

	Cumulative Loss Percentage							0.000000%

	Applied Realized Loss Amount Current							0.00
	Applied Realized Loss Amount Aggregate							0.00


							3 Months Moving Average


Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 18 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Realized Loss Report for October 25, 2004 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS								TOTAL

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

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

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



CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 19 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Realized Loss Report for October 25, 2004 Distribution


	Realized Loss Report - Collateral




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 20 of 23				© COPYRIGHT 2005 Deutsche Bank


	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Realized Loss Detail Report for October 25, 2004 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution

SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 0
Total Loan Count Revisions = 0						Loan Group 1 = Group 1 - Adj/Fixed
Total Prior Principal Balance = 0.00
Total Current Realized Loss Amount = 0.00
Total Revisions Amount = 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			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
SPACE INTENTIONALLY LEFT BLANK


					Page 21 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 25, 2004 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS								TOTAL

	Has the Optional Termination Date been reached							No

	Has a Stepdown Date occurred?							No

	Does Trigger Event exist?							No

	A Trigger Event exists if either (i) or (ii) are true
	(i) the quotient of (1) divided by (2) > 50% of Sr. Enhance %
	(1) 60+ Day Rolling Delq loans							2,417,567.40
	(2) Stated Principal Balance							388,899,200.23
	60+ Day Delq % ( quotient of (1) over (2) )							0.621644%
	Senior Enhancement Percentage							11.050434%
	50% of Sr Enhancement Percentage							5.525217%
	(ii) the quotient of (x) divided by (y) > the applicable loss %
	(x) aggregate Realized Losses since Cutoff Date							0.00
	(y) Cutoff Date Pool Principal Balance							423,403,341.49
	Trigger Event Loss % (quotient of (x) over (y) )							0.000000%
	Applicable Loss Percentage							100.000000%



ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION								TOTAL

	Scheduled Principal
	1 Month Prior							367,334.60
	2 Months Prior							373,269.82
	3 Months Prior							375,844.31
	4 Months Prior							377,686.79
	5 Months Prior							382,861.68
	6 Months Prior							356,829.63
	7 Months Prior							361,381.85
	8 Months Prior							367,334.60
	9 Months Prior							373,269.82
	10 Months Prior							375,844.31
	11 Months Prior							377,686.79
	12 Months Prior							382,861.68


				Page 22 of 23				© COPYRIGHT 2005 Deutsche Bank
	GSAA Trust 2004-3
	Multifamily Mortgage Pass-Through Certificates
	Series 2004-3
	Other Related Information for October 25, 2004 Distribution


	Other Related Information


ADDITIONAL INFORMATION								TOTAL

	Scheduled Principal on 60+ Day Delinquent Loans
	1 Month Prior							0.00
	2 Months Prior							0.00
	3 Months Prior							0.00
	4 Months Prior							0.00
	5 Months Prior							0.00
	6 Months Prior							0.00
	7 Months Prior							0.00
	8 Months Prior							0.00
	9 Months Prior							0.00
	10 Months Prior							0.00
	11 Months Prior							0.00
	12 Months Prior							0.00


				Page 23 of 23				© COPYRIGHT 2005 Deutsche Bank

GS Mortgage Securities Corp. GSAA Trust 2004-3 8-K/A