
                                      UNITED STATES
                           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):  May 25, 2005
                           (Date of earliest event reported)

              GS Mortgage Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as February 1, 2005,
               providing for the issuance of GSAmp Trust 2005-NC1 Mortgage
                      Pass-Through Certificates Series 2005-NC1)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-120274-09                          13-3387389
          (Commission File Number)        (I.R.S. Employer Identification No.)


               85 Broad Street
               New York, New York                        10004
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 902-1000


         (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
     May 25, 2005.

                                    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:  Jun 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 May 25, 2005.



GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities						1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11

										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					18
										11. Realized Loss Detail Report					21
				Servicer(s)						11. Realized Loss Detail Report					21
				Servicer(s)						12. Triggers and Adj. Cert. Report					22
				Litton Loan Servicing						12. Triggers and Adj. Cert. Report					22
				Litton Loan Servicing						13. Other Related Information					23
										13. Other Related Information					23


				Underwriter(s)
				Goldman Sachs Mortgage Securities


										Total Number of Pages					23
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Hang Luu
				Close Date:			February 25, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6000
										hang-thai.luu@db.com
										hang-thai.luu@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			May 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			April 29, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							May 24, 2005
							May 24, 2005

										https://www.tss.db.com/invr






Page 1 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1		$	189,636,000.00		175,916,180.54		460,314.01		10,969,929.22		11,430,243.23		0.00		0.00		164,946,251.32
A-1		$	189,636,000.00		175,916,180.54		460,314.01		10,969,929.22		11,430,243.23		0.00		0.00		164,946,251.32
A-2		$	129,754,000.00		129,754,000.00		349,254.52		0.00		349,254.52		0.00		0.00		129,754,000.00
A-3		$	49,572,000.00		49,572,000.00		140,454.00		0.00		140,454.00		0.00		0.00		49,572,000.00
M-1		$	45,170,000.00		45,170,000.00		130,616.58		0.00		130,616.58		0.00		0.00		45,170,000.00
M-2		$	23,298,000.00		23,298,000.00		72,806.25		0.00		72,806.25		0.00		0.00		23,298,000.00
M-3		$	4,754,000.00		4,754,000.00		15,133.57		0.00		15,133.57		0.00		0.00		4,754,000.00
B-1		$	4,755,000.00		4,755,000.00		16,919.88		0.00		16,919.88		0.00		0.00		4,755,000.00
B-2		$	4,755,000.00		4,755,000.00		17,118.00		0.00		17,118.00		0.00		0.00		4,755,000.00
B-3		$	4,754,000.00		4,754,000.00		17,510.57		0.00		17,510.57		0.00		0.00		4,754,000.00
B-4		$	4,750,000.00		4,750,000.00		21,058.33		0.00		21,058.33		0.00		0.00		4,750,000.00
N		$	28,053,000.00		25,148,261.11		104,784.42		1,354,062.08		1,458,846.50		0.00		0.00		23,794,199.03
X		$	0.00		14,264,023.22		0.00		0.00		0.00		0.00		0.00		14,264,023.22
R-1		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			489,251,000.00		486,890,464.87		1,345,970.13		12,323,991.30		13,669,961.43		0.00		0.00		474,566,473.57
Total




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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	04/25/05		05/24/05		A-Act/360		36242DUD3		189,636,000.00		927.651820		2.427356		57.847293		60.274648	869.804527
A-2	04/25/05		05/24/05		A-Act/360		36242DUE1		129,754,000.00		1,000.000000		2.691667		0.000000		2.691667	1,000.000000
A-3	04/25/05		05/24/05		A-Act/360		36242DUF8		49,572,000.00		1,000.000000		2.833333		0.000000		2.833333	1,000.000000
M-1	04/25/05		05/24/05		A-Act/360		36242DUG6		45,170,000.00		1,000.000000		2.891667		0.000000		2.891667	1,000.000000
M-2	04/25/05		05/24/05		A-Act/360		36242DUH4		23,298,000.00		1,000.000000		3.125000		0.000000		3.125000	1,000.000000
M-3	04/25/05		05/24/05		A-Act/360		36242DUJ0		4,754,000.00		1,000.000000		3.183334		0.000000		3.183334	1,000.000000
B-1	04/25/05		05/24/05		A-Act/360		36242DUK7		4,755,000.00		1,000.000000		3.558334		0.000000		3.558334	1,000.000000
B-2	04/25/05		05/24/05		A-Act/360		36242DYZ0		4,755,000.00		1,000.000000		3.600000		0.000000		3.600000	1,000.000000
B-3	04/25/05		05/24/05		A-Act/360		36242DZA4		4,754,000.00		1,000.000000		3.683334		0.000000		3.683334	1,000.000000
B-4	04/25/05		05/24/05		A-Act/360		36242DZB2		4,750,000.00		1,000.000000		4.433333		0.000000		4.433333	1,000.000000
N	04/25/05		05/24/05		A-30/360		36242DZC0		28,053,000.00		896.455321		3.735230		48.267996		52.003226	848.187325
X	04/25/05		05/24/05		A-Act/360		36242DZD8		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-1	04/25/05		05/24/05		36242DZE6		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-2	04/25/05		05/24/05		36242DZF3		0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 2 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution

Distribution to Date - REMIC II
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	189,636,000.00		1,334,183.93		24,218,069.26		471,679.42		24,689,748.68		26,023,932.61		0.00		0.00		164,946,251.32
A-2	129,754,000.00		979,786.87		0.00		0.00		0.00		979,786.87		0.00		0.00		129,754,000.00
A-3	49,572,000.00		395,157.69		0.00		0.00		0.00		395,157.69		0.00		0.00		49,572,000.00
M-1	45,170,000.00		367,884.55		0.00		0.00		0.00		367,884.55		0.00		0.00		45,170,000.00
M-2	23,298,000.00		205,876.66		0.00		0.00		0.00		205,876.66		0.00		0.00		23,298,000.00
M-3	4,754,000.00		42,832.23		0.00		0.00		0.00		42,832.23		0.00		0.00		4,754,000.00
B-1	4,755,000.00		48,131.17		0.00		0.00		0.00		48,131.17		0.00		0.00		4,755,000.00
B-2	4,755,000.00		48,718.94		0.00		0.00		0.00		48,718.94		0.00		0.00		4,755,000.00
B-3	4,754,000.00		49,883.99		0.00		0.00		0.00		49,883.99		0.00		0.00		4,754,000.00
B-4	4,750,000.00		60,410.76		0.00		0.00		0.00		60,410.76		0.00		0.00		4,750,000.00
N	28,053,000.00		332,057.57		0.00		0.00		4,258,800.97		4,590,858.54		0.00		0.00		23,794,199.03
X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		-5,417.49		14,264,023.22
R-1	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	489,251,000.00		3,864,924.36		24,218,069.26		471,679.42		28,948,549.65		32,813,474.01		0.00		-5,417.49		474,566,473.57


Interest Detail - REMIC II
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	3.14000%		175,916,180.54		460,314.01		0.00		0.00		0.00		460,314.01		460,314.01		0.00
A-2	3.23000%		129,754,000.00		349,254.52		0.00		0.00		0.00		349,254.52		349,254.52		0.00
A-3	3.40000%		49,572,000.00		140,454.00		0.00		0.00		0.00		140,454.00		140,454.00		0.00
M-1	3.47000%		45,170,000.00		130,616.58		0.00		0.00		0.00		130,616.58		130,616.58		0.00
M-2	3.75000%		23,298,000.00		72,806.25		0.00		0.00		0.00		72,806.25		72,806.25		0.00
M-3	3.82000%		4,754,000.00		15,133.57		0.00		0.00		0.00		15,133.57		15,133.57		0.00
B-1	4.27000%		4,755,000.00		16,919.88		0.00		0.00		0.00		16,919.88		16,919.88		0.00
B-2	4.32000%		4,755,000.00		17,118.00		0.00		0.00		0.00		17,118.00		17,118.00		0.00
B-3	4.42000%		4,754,000.00		17,510.57		0.00		0.00		0.00		17,510.57		17,510.57		0.00
B-4	5.32000%		4,750,000.00		21,058.33		0.00		0.00		0.00		21,058.33		21,058.33		0.00
N	5.00000%		25,148,261.11		104,784.42		0.00		0.00		0.00		104,784.42		104,784.42		0.00
X	0.00000%		14,264,023.22		0.00		0.00		0.00		0.00		5,417.49		0.00		5,417.49
R-1	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			486,890,464.87		1,345,970.13		0.00		0.00		0.00		1,351,387.62		1,345,970.13		5,417.49



Page 3 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														10,969,929.22
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														10,969,929.22
Interest Collections														2,602,052.05
Interest Withdrawals														-0.00
Interest Fees														-35,975.43
Interest Other Accounts														133,955.59
TOTAL NET INTEREST														2,700,032.21
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														13,669,961.43



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															315,602.69
Curtailments															3,784.72
Prepayments In Full															6,049,644.01
Repurchased/Substitutions															4,600,897.80
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-269,997.84
Realized Losses															-0.00
Advanced Principal															269,997.84
TOTAL PRINCIPAL COLLECTED															10,969,929.22


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00





Page 4 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														2,732,601.30
Repurchased/Substitution Interest														29,715.76
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-12,678.09
Delinquent Interest														-2,304,197.20
Compensating Interest														12,678.09
Civil Relief Act Shortfalls														-0.00
Interest Advanced														2,143,932.20
TOTAL INTEREST COLLECTED														2,602,052.05


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														133,955.59
Excess Reserve Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														133,955.59



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														32,127.58
Trustee Fees														3,847.85
TOTAL INTEREST FEES														35,975.43




Page 5 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
ACCOUNTS
														Total
Excess Reserve Account Balance														0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralized Amount														14,264,023.22
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														14,264,023.22





Page 6 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														2,582
Prior														2,527
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-30
Repurchases														-20
Liquidations														-0
Current														2,477
Principal Balance:


Original														475,467,440.71
Prior														461,742,203.76
Prefunding														0.00
Scheduled Principal														-315,602.69
Partial Prepayments														-3,784.72
Full Voluntary Prepayments														-6,049,644.01
Repurchases														-4,600,897.80
Liquidations														-0.00
Current														450,772,274.54





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.17565%
Weighted Average Coupon Prior														7.18669%
Weighted Average Coupon Current														7.17886%
Weighted Average Months to Maturity Original														352
Weighted Average Months to Maturity Prior														351
Weighted Average Months to Maturity Current														350
Weighted Avg Remaining Amortization Term Original														352
Weighted Avg Remaining Amortization Term Prior														351
Weighted Avg Remaining Amortization Term Current														350
Weighted Average Seasoning Original														3.32
Weighted Average Seasoning Prior														4.31
Weighted Average Seasoning Current														5.31









Page 8 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.53423%
Weighted Average Margin Prior														5.53525%
Weighted Average Margin Current														5.53254%
Weighted Average Max Rate Original														14.08356%
Weighted Average Max Rate Prior														14.08405%
Weighted Average Max Rate Current														14.07495%
Weighted Average Min Rate Original														7.09277%
Weighted Average Min Rate Prior														7.09290%
Weighted Average Min Rate Current														7.08388%
Weighted Average Cap Up Original														1.53123%
Weighted Average Cap Up Prior														1.52980%
Weighted Average Cap Up Current														1.52979%
Weighted Average Cap Down Original														1.53123%
Weighted Average Cap Down Prior														1.52980%
Weighted Average Cap Down Current														1.52979%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														32,127.58
Delinquent Servicing Fees														160,265.00
TOTAL SERVICING FEES														192,392.59


Total Servicing Fees														192,392.59
Compensating Interest														-12,678.09
Delinquent Servicing Fees														-160,265.00
COLLECTED SERVICING FEES														#######


Total Advanced Interest														2,143,932.20
Total Advanced Principal														269,997.84
Aggregate Advances with respect to this Distribution														2,413,930.04





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														12,678.09
Compensating Interest														-12,678.09
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														450,772,274.54




Page 9 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,925,147.00		1,121,368.15		95,074.77		8,141,589.92
			% Balance				1.54%		0.25%		0.02%		1.81%
			# Loans				39		7		1		47
			% # Loans				1.57%		0.28%		0.04%		1.90%
	FORECLOSURE		Balance		0.00		0.00		0.00		1,028,586.11		1,028,586.11
			% Balance		0.00%		0.00%		0.00%		0.23%		0.23%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.12%		0.12%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		6,925,147.00		1,121,368.15		1,123,660.88		9,170,176.03
			% Balance		0.00%		1.54%		0.25%		0.25%		2.03%
			# Loans		0		39		7		4		50
			% # Loans		0.00%		1.57%		0.28%		0.16%		2.02%









Page 10 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 11 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
1898758 1
1898758 1			144,500.00		144,082.82		01-Nov-2004		9.700%		FL - 85.00%		360		01-Dec-2004

1904139 1			427,500.00		425,303.29		01-Nov-2004		6.850%		CA - 75.00%		360		01-Dec-2004
1000050429 1			459,200.00		459,200.00		01-Nov-2004		6.850%		FL - 80.00%		360		01-Dec-2004


TOTAL			1,031,200.00		1,028,586.11



Page 12 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														30
Number of Repurchased Loans														20
Total Number of Loans Prepaid in Full														50
Curtailments Amount														3,784.72
Paid in Full Balance														6,049,644.01
Repurchased Loans Balance														4,600,897.80
Total Prepayment Amount														10,654,326.53

Cumulative


Number of Paid in Full Loans														85
Number of Repurchased Loans														20
Total Number of Loans Prepaid in Full														105
Paid in Full Balance														19,057,589.49
Repurchased Loans Balance														4,600,897.80
Curtailments Amount														79,393.97
Total Prepayment Amount														23,737,881.26










Page 13 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														2.31%
3 Months Avg SMM														1.70%
12 Months Avg SMM														1.70%
Avg SMM Since Cut-off														1.70%


CPR														24.45%
3 Months Avg CPR														18.55%
12 Months Avg CPR														18.55%
Avg CPR Since Cut-off														18.55%


PSA														2,301.10%
3 Months Avg PSA Approximation														2,149.98%
12 Months Avg PSA Approximation														2,149.98%
Avg PSA Since Cut-off Approximation														2,149.99%










Page 14 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 15 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1791813 1			105,000.00		104,660.97			15-Apr-2005		8.900%		CA - 70.00%		Paid Off - 360		01-Dec-2004
			105,000.00

1837469 1			156,000.00		155,383.36			13-Apr-2005		6.400%		NV - 57.35%		Paid Off - 360		01-Jan-2005
1837469 1					155,383.36			13-Apr-2005		6.400%		NV - 57.35%		Paid Off - 360		01-Jan-2005
1898780 1			155,200.00		154,146.63			28-Apr-2005		6.500%		ME - 80.00%		Paid Off - 360		01-Dec-2004
1898780 1					154,146.63			28-Apr-2005		6.500%		ME - 80.00%		Paid Off - 360		01-Dec-2004
1905363 1			108,500.00		108,216.07			19-Apr-2005		8.175%		MD - 70.00%		Paid Off - 360		01-Jan-2005
1905363 1					108,216.07			19-Apr-2005		8.175%		MD - 70.00%		Paid Off - 360		01-Jan-2005
1907827 1			237,500.00		236,598.67			13-Apr-2005		7.450%		OH - 95.00%		Paid Off - 360		01-Dec-2004
1907827 1					236,598.67			13-Apr-2005		7.450%		OH - 95.00%		Paid Off - 360		01-Dec-2004
1909631 1			252,000.00		251,182.66			15-Apr-2005		7.100%		CA - 89.68%		Paid Off - 360		01-Jan-2005
1909631 1					251,182.66			15-Apr-2005		7.100%		CA - 89.68%		Paid Off - 360		01-Jan-2005
1914767 1			165,700.00		165,194.08			16-Apr-2005		8.900%		AZ - 84.97%		Paid Off - 360		01-Jan-2005
1914767 1					165,194.08			16-Apr-2005		8.900%		AZ - 84.97%		Paid Off - 360		01-Jan-2005
1922402 1			178,000.00		177,441.84			15-Apr-2005		8.400%		NY - 58.36%		Paid Off - 360		01-Dec-2004
1922402 1					177,441.84			15-Apr-2005		8.400%		NY - 58.36%		Paid Off - 360		01-Dec-2004
1927849 1			192,500.00		191,863.29			28-Apr-2005		7.000%		CA - 69.87%		Paid Off - 360		01-Jan-2005
1927849 1					191,863.29			28-Apr-2005		7.000%		CA - 69.87%		Paid Off - 360		01-Jan-2005
1930182 1			185,250.00		184,637.25			20-Apr-2005		7.000%		VA - 95.00%		Paid Off - 360		01-Jan-2005
1930182 1					184,637.25			20-Apr-2005		7.000%		VA - 95.00%		Paid Off - 360		01-Jan-2005
1930934 1			55,000.00		54,870.72			18-Apr-2005		8.700%		FL - 28.80%		Paid Off - 360		01-Jan-2005
1930934 1					54,870.72			18-Apr-2005		8.700%		FL - 28.80%		Paid Off - 360		01-Jan-2005
1933954 1			74,000.00		73,671.54			27-Apr-2005		6.650%		MN - 82.22%		Paid Off - 360		01-Dec-2004
1933954 1					73,671.54			27-Apr-2005		6.650%		MN - 82.22%		Paid Off - 360		01-Dec-2004
1947536 1			173,000.00		172,516.64			26-Apr-2005		7.850%		CA - 62.91%		Paid Off - 360		01-Jan-2005
1947536 1					172,516.64			26-Apr-2005		7.850%		CA - 62.91%		Paid Off - 360		01-Jan-2005
1949613 1			197,400.00		196,766.03			28-Apr-2005		7.150%		CA - 78.96%		Paid Off - 360		01-Jan-2005
1949613 1					196,766.03			28-Apr-2005		7.150%		CA - 78.96%		Paid Off - 360		01-Jan-2005
1950104 1			280,000.00		279,307.19			18-Apr-2005		8.450%		NJ - 80.00%		Paid Off - 360		01-Jan-2005
1950104 1					279,307.19			18-Apr-2005		8.450%		NJ - 80.00%		Paid Off - 360		01-Jan-2005
1953517 1			136,000.00		135,705.65			26-Apr-2005		9.100%		CA - 64.76%		Paid Off - 360		01-Jan-2005
1953517 1					135,705.65			26-Apr-2005		9.100%		CA - 64.76%		Paid Off - 360		01-Jan-2005
1954594 1			131,500.00		131,256.77			26-Apr-2005		9.850%		CA - 61.74%		Paid Off - 360		01-Jan-2005
1954594 1					131,256.77			26-Apr-2005		9.850%		CA - 61.74%		Paid Off - 360		01-Jan-2005
1955586 1			37,500.00		37,326.60			15-Apr-2005		11.100%		NV - 20.00%		Paid Off - 240		01-Jan-2005
1955586 1					37,326.60			15-Apr-2005		11.100%		NV - 20.00%		Paid Off - 240		01-Jan-2005
1957126 1			285,000.00		283,930.53			13-Apr-2005		6.350%		CA - 73.08%		Paid Off - 360		01-Jan-2005
1957126 1					283,930.53			13-Apr-2005		6.350%		CA - 73.08%		Paid Off - 360		01-Jan-2005
1959506 1			270,000.00		269,071.34			28-Apr-2005		6.800%		CA - 64.29%		Paid Off - 360		01-Jan-2005
1959506 1					269,071.34			28-Apr-2005		6.800%		CA - 64.29%		Paid Off - 360		01-Jan-2005
1965410 1			460,750.00		460,750.00			21-Apr-2005		7.250%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1965410 1					460,750.00			21-Apr-2005		7.250%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1969507 1			175,000.00		174,485.49			18-Apr-2005		7.600%		NV - 44.30%		Paid Off - 360		01-Jan-2005
1969507 1					174,485.49			18-Apr-2005		7.600%		NV - 44.30%		Paid Off - 360		01-Jan-2005
1972789 1			185,000.00		184,565.28			20-Apr-2005		8.725%		CA - 52.86%		Paid Off - 360		01-Jan-2005
1972789 1					184,565.28			20-Apr-2005		8.725%		CA - 52.86%		Paid Off - 360		01-Jan-2005
1973428 1			270,000.00		269,105.18			22-Apr-2005		6.990%		CA - 78.95%		Paid Off - 360		01-Jan-2005
1973428 1					269,105.18			22-Apr-2005		6.990%		CA - 78.95%		Paid Off - 360		01-Jan-2005
1983193 1			288,750.00		288,035.57			15-Apr-2005		8.450%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1983193 1					288,035.57			15-Apr-2005		8.450%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1000098959 1			56,598.00		56,530.02			16-Apr-2005		11.850%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000098959 1					56,530.02			16-Apr-2005		11.850%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000156663 1			60,000.00		59,803.48			28-Apr-2005		7.050%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000156663 1					59,803.48			28-Apr-2005		7.050%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000172734 1			350,000.00		349,966.13			27-Apr-2005		6.400%		CA - 51.47%		Paid Off - 360		01-Jan-2005
1000172734 1					349,966.13			27-Apr-2005		6.400%		CA - 51.47%		Paid Off - 360		01-Jan-2005
1000186872 1			440,000.00		438,655.03			25-Apr-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000186872 1					438,655.03			25-Apr-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000277827 1			404,000.00		404,000.00			28-Apr-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000277827 1					404,000.00			28-Apr-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1746264 1			328,000.00		325,679.72			30-Apr-2005		6.000%		CA - 80.00%		Repur/Subs - 360		01-Oct-2004
1746264 1					325,679.72			30-Apr-2005		6.000%		CA - 80.00%		Repur/Subs - 360		01-Oct-2004
1755277 1			63,750.00		63,597.03			30-Apr-2005		8.600%		PA - 85.00%		Repur/Subs - 360		01-Jan-2005
1755277 1					63,597.03			30-Apr-2005		8.600%		PA - 85.00%		Repur/Subs - 360		01-Jan-2005
1777630 1			364,000.00		362,704.73			30-Apr-2005		6.625%		NJ - 80.00%		Repur/Subs - 360		01-Jan-2005
1777630 1					362,704.73			30-Apr-2005		6.625%		NJ - 80.00%		Repur/Subs - 360		01-Jan-2005
1837133 1			256,500.00		255,363.03			30-Apr-2005		8.700%		MA - 95.00%		Repur/Subs - 360		01-Nov-2004
1837133 1					255,363.03			30-Apr-2005		8.700%		MA - 95.00%		Repur/Subs - 360		01-Nov-2004
1844130 1			76,500.00		76,251.49			30-Apr-2005		8.225%		OH - 90.00%		Repur/Subs - 360		01-Dec-2004
1844130 1					76,251.49			30-Apr-2005		8.225%		OH - 90.00%		Repur/Subs - 360		01-Dec-2004
1868947 1			60,000.00		59,832.33			30-Apr-2005		7.850%		NC - 80.00%		Repur/Subs - 360		01-Jan-2005
1868947 1					59,832.33			30-Apr-2005		7.850%		NC - 80.00%		Repur/Subs - 360		01-Jan-2005
1878236 1			405,000.00		403,257.00			30-Apr-2005		7.750%		NY - 90.00%		Repur/Subs - 360		01-Nov-2004
1878236 1					403,257.00					7.750%		NY - 90.00%		Repur/Subs - 360



Page 16 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1895747 1			324,000.00		322,979.76			30-Apr-2005		7.250%		NJ - 90.00%		Repur/Subs - 360		01-Jan-2005
			324,000.00

1899606 1			216,000.00		215,537.34			30-Apr-2005		9.150%		NM - 90.00%		Repur/Subs - 360		01-Jan-2005
1899606 1					215,537.34			30-Apr-2005		9.150%		NM - 90.00%		Repur/Subs - 360		01-Jan-2005
1904150 1			435,600.00		434,145.02			30-Apr-2005		6.950%		NJ - 90.00%		Repur/Subs - 360		01-Jan-2005
1904150 1					434,145.02			30-Apr-2005		6.950%		NJ - 90.00%		Repur/Subs - 360		01-Jan-2005
1906115 1			183,350.00		182,520.27			30-Apr-2005		6.550%		WA - 95.00%		Repur/Subs - 360		01-Dec-2004
1906115 1					182,520.27			30-Apr-2005		6.550%		WA - 95.00%		Repur/Subs - 360		01-Dec-2004
1914938 1			58,500.00		58,341.38			30-Apr-2005		8.000%		AZ - 75.00%		Repur/Subs - 360		01-Jan-2005
1914938 1					58,341.38			30-Apr-2005		8.000%		AZ - 75.00%		Repur/Subs - 360		01-Jan-2005
1922618 1			51,775.00		51,605.38			30-Apr-2005		7.050%		PA - 95.00%		Repur/Subs - 360		01-Jan-2005
1922618 1					51,605.38			30-Apr-2005		7.050%		PA - 95.00%		Repur/Subs - 360		01-Jan-2005
1932047 1			635,811.00		634,172.44			30-Apr-2005		8.250%		NV - 78.50%		Repur/Subs - 360		01-Jan-2005
1932047 1					634,172.44			30-Apr-2005		8.250%		NV - 78.50%		Repur/Subs - 360		01-Jan-2005
1941430 1			150,000.00		149,550.52			30-Apr-2005		7.500%		CA - 63.03%		Repur/Subs - 360		01-Jan-2005
1941430 1					149,550.52			30-Apr-2005		7.500%		CA - 63.03%		Repur/Subs - 360		01-Jan-2005
1971227 1			379,500.00		378,169.09			30-Apr-2005		6.700%		CA - 75.00%		Repur/Subs - 360		01-Jan-2005
1971227 1					378,169.09			30-Apr-2005		6.700%		CA - 75.00%		Repur/Subs - 360		01-Jan-2005
1976101 1			136,000.00		135,802.89			30-Apr-2005		10.990%		CA - 20.00%		Repur/Subs - 360		01-Jan-2005
1976101 1					135,802.89			30-Apr-2005		10.990%		CA - 20.00%		Repur/Subs - 360		01-Jan-2005
1000054595 1			90,000.00		89,725.16			30-Apr-2005		9.425%		CA - 54.55%		Repur/Subs - 360		01-Nov-2004
1000054595 1					89,725.16			30-Apr-2005		9.425%		CA - 54.55%		Repur/Subs - 360		01-Nov-2004
1000060445 1			189,000.00		188,613.71			30-Apr-2005		10.450%		NV - 70.00%		Repur/Subs - 360		01-Dec-2004
1000060445 1					188,613.71			30-Apr-2005		10.450%		NV - 70.00%		Repur/Subs - 360		01-Dec-2004
1000147460 1			213,600.00		213,049.51			30-Apr-2005		8.250%		WA - 80.00%		Repur/Subs - 360		01-Jan-2005
1000147460 1					213,049.51			30-Apr-2005		8.250%		WA - 80.00%		Repur/Subs - 360		01-Jan-2005


TOTAL			10,682,034.00		10,650,541.81
TOTAL


Page 17 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														0
Collateral Principal Realized Loss/(Gain) Amount														0.00
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00

Cumulative
Cumulative



Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00










Page 18 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution


DEFAULT SPEEDS



															Total



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


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


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


Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														0.00%
12 Months Avg Loss Severity Approximation														0.00%
Avg Loss Severity Approximation Since Cut-off														0.00%












Page 19 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution





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
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 21 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
						Rolling 3-mo. avg. 60+ days includes REO, Bankruptcy								780,365.24
						Delinquency Percentage								0.1700%
						Balance of Mezzanine and OC Class								106,500,023.22
						Ending Balance								450,772,274.54
						Senior Enhancement Percentage								23.6300%
						Cumulative Loss Percentage								0.000000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Net Monthly Excess Cashflow														1,324,890.91
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00

Subsequent Recoveries														0.00

Current LIBOR Rate														3.020000%
Next LIBOR Rate														3.090000%




Page 22 of 23
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

May 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total







Page 23 of 23

GS Mortgage GSAMP Trust 2005-NC1 8-K