

                                    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)


                                MORGAN STANLEY ABS CAPITAL I INC.
              (as Depositor under the Pooling and Servicing Agreement, dated as
              March 1, 2005, providing for the issuance of Mortgage Pass-Through
                              Certificates, Series 2005-HE2)
                      (Exact name of registrant as specified in charter)



                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-28                        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


             (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.

     This current report on Form 8-K relates to the monthly distribution reported to the holders of
     Morgan Stanley ABS Capital I Inc. Mortgage Pass-Through Certificates, Series 2005-HE2, which
     was made on March 1, 2005


     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 behalf of the Registrant by the undersigned thereunto duly
    authorized.



     DEUTSCHE BANK NATIONAL TRUST COMPANY, IN ITS CAPACITY AS TRUSTEE UNDER THE
     POOLING AND SERVICING AGREEMENT ON BEHALF OF MORGAN STANLEY ABS CAPITAL I INC.,
     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.



Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Morgan Stanley
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					16

										7. Foreclosure Report					17
										8. Prepayment Report					18
										9. Prepayment Detail Report					21

										10. Realized Loss Report					26
										11. Realized Loss Detail Report					29
				Servicer(s)
										12. Triggers and Adj. Cert. Report					30
				Option One
										13. Other Related Information					31



				Underwriter(s)
				Morgan Stanley


										Total Number of Pages					31


				Dates						Contacts

				Cut-Off Date:			March 01, 2005			Marion Hogan
				Close Date:			March 30, 2005			Administrator
				First Distribution Date:			April 25, 2005			(714) 247-6282
										marion.c.hogan@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
										Main Phone Number:			(714) 247-6000

							May 24, 2005


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






Page 1 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	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-1ss	SR	$	326,085,000.00		316,970,091.64		853,177.83		9,036,001.60		9,889,179.43		0.00		0.00		307,934,090.04

A-1mz	SR	$	81,522,000.00		79,243,251.95		216,598.22		2,259,021.18		2,475,619.40		0.00		0.00		76,984,230.77
A-2ss	SR	$	366,742,000.00		356,377,319.12		962,218.76		10,387,838.35		11,350,057.11		0.00		0.00		345,989,480.77
A-2mz	SR	$	40,750,000.00		39,598,343.67		107,905.49		1,154,229.44		1,262,134.93		0.00		0.00		38,444,114.23
A-3a	SR	$	240,000,000.00		228,510,233.81		592,222.36		11,300,639.42		11,892,861.78		0.00		0.00		217,209,594.39
A-3b	SR	$	191,902,000.00		191,902,000.00		518,135.40		0.00		518,135.40		0.00		0.00		191,902,000.00
A-3mz	SR	$	47,990,000.00		46,713,335.67		127,293.84		1,255,649.86		1,382,943.70		0.00		0.00		45,457,685.81
M-1	SUB	$	49,257,000.00		49,256,999.99		140,382.45		0.00		140,382.45		0.00		0.00		49,256,999.99
M-2	SUB	$	44,490,000.00		44,490,000.00		128,279.50		0.00		128,279.50		0.00		0.00		44,490,000.00
M-3	SUB	$	28,601,000.00		28,601,000.00		83,419.58		0.00		83,419.58		0.00		0.00		28,601,000.00
M-4	SUB	$	26,218,000.00		26,218,000.00		79,746.42		0.00		79,746.42		0.00		0.00		26,218,000.00
M-5	SUB	$	25,423,000.00		25,423,000.00		78,387.58		0.00		78,387.58		0.00		0.00		25,423,000.00
M-6	SUB	$	22,245,000.00		22,245,000.00		69,515.63		0.00		69,515.63		0.00		0.00		22,245,000.00
B-1	SUB	$	19,067,000.00		19,067,000.00		67,052.28		0.00		67,052.28		0.00		0.00		19,067,000.00
B-2	SUB	$	15,890,000.00		15,890,000.00		57,204.00		0.00		57,204.00		0.00		0.00		15,890,000.00
B-3	SUB	$	15,890,000.00		15,890,000.00		65,149.00		0.00		65,149.00		0.00		0.00		15,890,000.00
X	NOF	$	46,874,277.00		46,873,915.16		4,642,493.07		0.00		4,642,493.07		0.00		0.00		46,873,915.16
P	NOF	$	0.00		0.00		658,011.72		0.00		658,011.72		0.00		0.00		0.00
R	NOF/RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,588,946,277.00		1,553,269,491.01		9,447,193.13		35,393,379.85		44,840,572.98		0.00		0.00		1,517,876,111.16






Page 2 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1ss	04/25/05		05/24/05		A-Act/360		61744CMU7		326,085,000.00		972.047447		2.616428		27.710571		30.326999	944.336875
A-1mz	04/25/05		05/24/05		A-Act/360		61744CMV5		81,522,000.00		972.047447		2.656930		27.710571		30.367501	944.336876
A-2ss	04/25/05		05/24/05		A-Act/360		61744CMW3		366,742,000.00		971.738495		2.623694		28.324649		30.948343	943.413846
A-2mz	04/25/05		05/24/05		A-Act/360		61744CMX1		40,750,000.00		971.738495		2.647987		28.324649		30.972636	943.413846
A-3a	04/25/05		05/24/05		A-Act/360		61744CMY9		240,000,000.00		952.125974		2.467593		47.085998		49.553591	905.039977
A-3b	04/25/05		05/24/05		A-Act/360		61744CMZ6		191,902,000.00		1,000.000000		2.700000		0.000000		2.700000	1,000.000000
A-3mz	04/25/05		05/24/05		A-Act/360		61744CNA0		47,990,000.00		973.397284		2.652508		26.164823		28.817331	947.232461
M-1	04/25/05		05/24/05		A-Act/360		61744CNB8		49,257,000.00		1,000.000000		2.850000		0.000000		2.850000	1,000.000000
M-2	04/25/05		05/24/05		A-Act/360		61744CNC6		44,490,000.00		1,000.000000		2.883333		0.000000		2.883333	1,000.000000
M-3	04/25/05		05/24/05		A-Act/360		61744CND4		28,601,000.00		1,000.000000		2.916667		0.000000		2.916667	1,000.000000
M-4	04/25/05		05/24/05		A-Act/360		61744CNE2		26,218,000.00		1,000.000000		3.041667		0.000000		3.041667	1,000.000000
M-5	04/25/05		05/24/05		A-Act/360		61744CNF9		25,423,000.00		1,000.000000		3.083333		0.000000		3.083333	1,000.000000
M-6	04/25/05		05/24/05		A-Act/360		61744CNG7		22,245,000.00		1,000.000000		3.125000		0.000000		3.125000	1,000.000000
B-1	04/25/05		05/24/05		A-Act/360		61744CNH5		19,067,000.00		1,000.000000		3.516666		0.000000		3.516666	1,000.000000
B-2	04/25/05		05/24/05		A-Act/360		61744CNJ1		15,890,000.00		1,000.000000		3.600000		0.000000		3.600000	1,000.000000
B-3	04/25/05		05/24/05		A-Act/360		61744CNK8		15,890,000.00		1,000.000000		4.100000		0.000000		4.100000	1,000.000000
X	04/25/05		05/24/05		A-Act/360				46,874,277.00		999.992281		99.041380		0.000000		99.041380	999.992281
P	04/25/05		05/24/05		A-Act/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R	04/25/05		05/24/05		A-Act/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

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-1ss	326,085,000.00		1,573,825.68		17,540,253.91		610,656.05		18,150,909.96		19,724,735.64		0.00		0.00		307,934,090.04
A-1mz	81,522,000.00		399,705.69		4,385,103.81		152,665.42		4,537,769.23		4,937,474.92		0.00		0.00		76,984,230.77
A-2ss	366,742,000.00		1,775,367.27		20,054,344.32		698,174.91		20,752,519.23		22,527,886.50		0.00		0.00		345,989,480.77
A-2mz	40,750,000.00		199,140.21		2,228,309.09		77,576.68		2,305,885.77		2,505,025.98		0.00		0.00		38,444,114.23
A-3a	240,000,000.00		1,101,822.36		22,023,655.54		766,750.07		22,790,405.61		23,892,227.97		0.00		0.00		217,209,594.39
A-3b	191,902,000.00		943,624.78		0.00		0.00		0.00		943,624.78		0.00		0.00		191,902,000.00
A-3mz	47,990,000.00		234,738.12		2,447,118.16		85,196.03		2,532,314.19		2,767,052.31		0.00		0.00		45,457,685.81
M-1	49,257,000.00		255,999.58		0.01		0.00		0.01		255,999.59		0.00		0.00		49,256,999.99
M-2	44,490,000.00		233,992.68		0.00		0.00		0.00		233,992.68		0.00		0.00		44,490,000.00
M-3	28,601,000.00		152,204.99		0.00		0.00		0.00		152,204.99		0.00		0.00		28,601,000.00
M-4	26,218,000.00		145,640.99		0.00		0.00		0.00		145,640.99		0.00		0.00		26,218,000.00
M-5	25,423,000.00		143,202.11		0.00		0.00		0.00		143,202.11		0.00		0.00		25,423,000.00
M-6	22,245,000.00		127,031.31		0.00		0.00		0.00		127,031.31		0.00		0.00		22,245,000.00
B-1	19,067,000.00		122,823.26		0.00		0.00		0.00		122,823.26		0.00		0.00		19,067,000.00
B-2	15,890,000.00		104,829.86		0.00		0.00		0.00		104,829.86		0.00		0.00		15,890,000.00
B-3	15,890,000.00		119,660.53		0.00		0.00		0.00		119,660.53		0.00		0.00		15,890,000.00
X	46,874,277.00		10,156,896.19		349.64		12.20		361.84		10,157,258.03		0.00		0.00		46,873,915.16
P	0.00		1,222,275.14		0.00		0.00		0.00		1,222,275.14		0.00		0.00		0.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	1,588,946,277.00		19,012,780.75		68,679,134.48		2,391,031.36		71,070,165.84		90,082,946.59		0.00		0.00		1,517,876,111.16



Page 4 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

Interest Detail - REMIC II
	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		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1ss	3.23000%		316,970,091.64		853,177.83		0.00		0.00		0.00		853,177.83		853,177.83		0.00
A-1mz	3.28000%		79,243,251.95		216,598.22		0.00		0.00		0.00		216,598.22		216,598.22		0.00
A-2ss	3.24000%		356,377,319.12		962,218.76		0.00		0.00		0.00		962,218.76		962,218.76		0.00
A-2mz	3.27000%		39,598,343.67		107,905.49		0.00		0.00		0.00		107,905.49		107,905.49		0.00
A-3a	3.11000%		228,510,233.81		592,222.36		0.00		0.00		0.00		592,222.36		592,222.36		0.00
A-3b	3.24000%		191,902,000.00		518,135.40		0.00		0.00		0.00		518,135.40		518,135.40		0.00
A-3mz	3.27000%		46,713,335.67		127,293.84		0.00		0.00		0.00		127,293.84		127,293.84		0.00
M-1	3.42000%		49,256,999.99		140,382.45		0.00		0.00		0.00		140,382.45		140,382.45		0.00
M-2	3.46000%		44,490,000.00		128,279.50		0.00		0.00		0.00		128,279.50		128,279.50		0.00
M-3	3.50000%		28,601,000.00		83,419.58		0.00		0.00		0.00		83,419.58		83,419.58		0.00
M-4	3.65000%		26,218,000.00		79,746.42		0.00		0.00		0.00		79,746.42		79,746.42		0.00
M-5	3.70000%		25,423,000.00		78,387.58		0.00		0.00		0.00		78,387.58		78,387.58		0.00
M-6	3.75000%		22,245,000.00		69,515.63		0.00		0.00		0.00		69,515.63		69,515.63		0.00
B-1	4.22000%		19,067,000.00		67,052.28		0.00		0.00		0.00		67,052.28		67,052.28		0.00
B-2	4.32000%		15,890,000.00		57,204.00		0.00		0.00		0.00		57,204.00		57,204.00		0.00
B-3	4.92000%		15,890,000.00		65,149.00		0.00		0.00		0.00		65,149.00		65,149.00		0.00
X	118.85057%		46,873,915.16		0.00		0.00		0.00		0.00		0.00		4,642,493.07		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		658,011.72		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,553,269,491.01		4,146,688.34		0.00		0.00		0.00		4,146,688.34		9,447,193.13		0.00



Page 5 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								12,556,289.28		11,542,067.79		11,295,022.78		35,393,379.85
Principal Withrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								12,556,289.28		11,542,067.79		11,295,022.78		35,393,379.85
Interest Collections								3,421,481.82		2,877,718.55		2,867,576.73		9,166,777.11
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Other Accounts								0.00		0.00		658,011.72		658,011.72
Interest Fees								-137,700.71		-119,795.21		-120,099.78		-377,595.69
TOTAL NET INTEREST								3,283,781.11		2,757,923.35		3,405,488.67		9,447,193.14
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION								15,840,070.39		14,299,991.14		14,700,511.45		44,840,572.99



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									432,911.01		378,470.50		376,922.90		1,188,304.41
Prepayments In Full									12,068,296.74		11,136,570.71		10,888,512.50		34,093,379.95
Curtailments									55,081.53		27,026.58		29,587.38		111,695.49
Liquidations									0.00		0.00		0.00		0.00
Insurance Principal									0.00		0.00		0.00		0.00
Repurchased Principal Amounts									0.00		0.00		0.00		0.00
Other Principal									0.00		0.00		0.00		0.00
Total Realized Loss Of Principal									-0.00		-0.00		-0.00		-0.00
Delinquent Principal									-180,789.80		-154,467.54		-157,083.33		-492,340.67
Advanced Principal									180,789.80		154,467.54		157,083.33		492,340.67
TOTAL PRINCIPAL COLLECTED									12,556,289.28		11,542,067.79		11,295,022.78		35,393,379.85


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Closing Deposit
TOTAL OTHER ACCOUNTS PRINCIPAL								0.00		0.00		0.00		0.00





Page 6 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								3,524,669.31		2,962,186.92		2,951,850.72		9,438,706.95
Liquidation Interest								0.00		0.00		0.00		0.00
Repurchased Interest								0.00		0.00		0.00		0.00
Insurance Interest								0.00		0.00		0.00		0.00
Other Interest								0.00		0.00		0.00		0.00
Relief Act Interest Shortfalls								-0.00		-0.00		-0.00		-0.00
Prepayment Interest Shortfalls								-31,182.74		-26,535.18		-26,304.56		-84,022.48
Compensating Interest								31,182.75		26,535.18		26,304.56		84,022.49
Delinquent Interest								-1,515,671.62		-1,251,605.17		-1,197,113.99		-3,964,390.78
Interest Advanced								1,412,484.13		1,167,136.82		1,112,840.01		3,692,460.96
TOTAL INTEREST COLLECTED								3,421,481.82		2,877,718.55		2,867,576.73		9,166,777.11


INTEREST - WITHDRAWALS

								Group 3		Group 2		Group 1		Total
Nonrecoverable Advances
TOTAL INTEREST WITHDRAWALS								0.00		0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Prepayment Charges								0.00		0.00		658,011.72		658,011.72
TOTAL INTEREST OTHER ACCOUNTS								0.00		0.00		658,011.72		658,011.72



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								136,836.62		119,062.49		119,366.67		375,265.79
Current Trustee Fees								864.09		732.71		733.11		2,329.90
TOTAL INTEREST OTHER FEES								137,700.71		119,795.21		120,099.78		377,595.69




Page 7 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

								Group 3		Group 2		Group 1		Total
Overcollateralization Amount														46,873,915.16
Overcollateralization Target Amount														46,873,915.16
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00




Page 8 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								3,369		2,867		3,482		9,718
Prior								3,316		2,811		3,417		9,544
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-53		-61		-64		-178
Repurchases								-0		-0		-0		-0
Liquidations								-0		-0		-0		-0
Current								3,263		2,750		3,353		9,366
Principal Balance:


Original								588,824,042.09		499,990,160.81		500,130,978.76		1,588,945,181.66
Prior								576,057,874.04		488,474,060.37		488,737,556.60		1,553,269,491.01
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-432,911.01		-378,470.50		-376,922.90		-1,188,304.41
Partial Prepayments								-55,081.53		-27,026.58		-29,587.38		-111,695.49
Full Voluntary Prepayments								-12,068,296.74		-11,136,570.71		-10,888,512.50		-34,093,379.95
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								563,501,584.76		476,931,992.58		477,442,533.82		1,517,876,111.16





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.35029%		7.28066%		7.25938%		7.29976%
Weighted Average Coupon Prior								7.35029%		7.28066%		7.25938%		7.29976%
Weighted Average Coupon Current								7.34232%		7.27700%		7.25586%		7.29457%
Weighted Average Months to Maturity Original								351		350		350		350
Weighted Average Months to Maturity Prior								351		350		350		350
Weighted Average Months to Maturity Current								349		349		349		349
Weighted Avg Remaining Amortization Term Original								351		350		350		350
Weighted Avg Remaining Amortization Term Prior								351		350		350		350
Weighted Avg Remaining Amortization Term Current								349		349		349		349
Weighted Average Seasoning Original								5.37		5.24		5.32		5.31
Weighted Average Seasoning Prior								5.37		5.24		5.32		5.31
Weighted Average Seasoning Current								6.37		6.24		6.32		6.31









Page 10 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

ARM CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Margin Original								6.14265%		5.69932%		6.10156%		5.99015%
Weighted Average Margin Prior								6.14265%		5.69932%		6.10156%		5.99015%
Weighted Average Margin Current								6.13663%		5.70182%		6.09916%		5.98807%
Weighted Average Max Rate Original								13.52419%		13.80343%		13.45496%		13.58859%
Weighted Average Max Rate Prior								13.52419%		13.80343%		13.45496%		13.58859%
Weighted Average Max Rate Current								13.51154%		13.79506%		13.45011%		13.57980%
Weighted Average Min Rate Original								7.28857%		7.30824%		7.23762%		7.27777%
Weighted Average Min Rate Prior								7.28857%		7.30824%		7.23762%		7.27777%
Weighted Average Min Rate Current								7.27828%		7.30332%		7.23478%		7.27162%
Weighted Average Cap Up Original								1.13507%		1.26202%		1.11232%		1.16725%
Weighted Average Cap Up Prior								1.13507%		1.26202%		1.11232%		1.16725%
Weighted Average Cap Up Current								1.13434%		1.25886%		1.11134%		1.16565%
Weighted Average Cap Down Original								1.13507%		1.26202%		1.11232%		1.16725%
Weighted Average Cap Down Prior								1.13507%		1.26202%		1.11232%		1.16725%
Weighted Average Cap Down Current								1.13434%		1.25886%		1.11134%		1.16565%




SERVICING FEES & ADVANCES

									Group 3		Group 2		Group 1		Total




Current Servicing Fees								136,836.62		119,062.49		119,366.67		375,265.79
Delinquent Servicing Fees								103,187.49		84,468.37		84,273.98		271,929.84
TOTAL SERVICING FEES								240,024.12		203,530.86		203,640.65		647,195.63


Compensating Interest								-31,182.75		-26,535.18		-26,304.56		-84,022.49
Delinquent Servicing Fees								-103,187.49		-84,468.37		-84,273.98		-271,929.84
COLLECTED SERVICING FEES								105,653.88		92,527.32		93,062.12		291,243.31


Aggregate Advances with respect to this Distribution								1,593,273.93		1,321,604.35		1,269,923.34		4,184,801.63





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Net Prepayment Interest Shortfall								0.00		0.00		0.00		0.00
Libor For Current Period														3.0200%




Page 11 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				16,969,190.83		5,710,545.07		580,744.23		23,260,480.13
			% Balance				1.12%		0.38%		0.04%		1.53%
			# Loans				109		35		4		148
			% # Loans				1.16%		0.37%		0.04%		1.58%
	FORECLOSURE		Balance		0.00		459,889.80		617,474.08		947,561.98		2,024,925.86
			% Balance		0.00%		0.03%		0.04%		0.06%		0.13%
			# Loans		0		4		3		6		13
			% # Loans		0.00%		0.04%		0.03%		0.06%		0.14%
	BANKRUPTCY		Balance		1,552,699.14		0.00		30,682.66		0.00		1,583,381.80
			% Balance		0.10%		0.00%		0.00%		0.00%		0.10%
			# Loans		16		0		1		0		17
			% # Loans		0.17%		0.00%		0.01%		0.00%		0.18%
	REO		Balance		0.00		0.00		0.00		262,400.00		262,400.00
			% Balance		0.00%		0.00%		0.00%		0.02%		0.02%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.01%		0.01%
	TOTAL		Balance		1,552,699.14		17,429,080.63		6,358,701.81		1,790,706.21		27,131,187.79
			% Balance		0.10%		1.15%		0.42%		0.12%		1.79%
			# Loans		16		113		39		11		179
			% # Loans		0.17%		1.21%		0.42%		0.12%		1.91%









Page 12 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,602,280.49		2,244,513.51		63,761.80		6,910,555.80
			% Balance				0.96%		0.47%		0.01%		1.45%
			# Loans				35		14		1		50
			% # Loans				1.04%		0.42%		0.03%		1.49%
	FORECLOSURE		Balance		0.00		459,889.80		463,030.25		276,643.25		1,199,563.30
			% Balance		0.00%		0.10%		0.10%		0.06%		0.25%
			# Loans		0		4		2		2		8
			% # Loans		0.00%		0.12%		0.06%		0.06%		0.24%
	BANKRUPTCY		Balance		696,823.40		0.00		0.00		0.00		696,823.40
			% Balance		0.15%		0.00%		0.00%		0.00%		0.15%
			# Loans		8		0		0		0		8
			% # Loans		0.24%		0.00%		0.00%		0.00%		0.24%
	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		696,823.40		5,062,170.29		2,707,543.76		340,405.05		8,806,942.50
			% Balance		0.15%		1.06%		0.57%		0.07%		1.84%
			# Loans		8		39		16		3		66
			% # Loans		0.24%		1.16%		0.48%		0.09%		1.97%










Page 13 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,389,377.55		1,539,190.55		156,878.01		8,085,446.11
			% Balance				1.34%		0.32%		0.03%		1.70%
			# Loans				37		8		2		47
			% # Loans				1.35%		0.29%		0.07%		1.71%
	FORECLOSURE		Balance		0.00		0.00		154,443.83		196,410.19		350,854.02
			% Balance		0.00%		0.00%		0.03%		0.04%		0.07%
			# Loans		0		0		1		1		2
			% # Loans		0.00%		0.00%		0.04%		0.04%		0.07%
	BANKRUPTCY		Balance		590,723.61		0.00		30,682.66		0.00		621,406.27
			% Balance		0.12%		0.00%		0.01%		0.00%		0.13%
			# Loans		4		0		1		0		5
			% # Loans		0.15%		0.00%		0.04%		0.00%		0.18%
	REO		Balance		0.00		0.00		0.00		262,400.00		262,400.00
			% Balance		0.00%		0.00%		0.00%		0.06%		0.06%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.04%		0.04%
	TOTAL		Balance		590,723.61		6,389,377.55		1,724,317.04		615,688.20		9,320,106.40
			% Balance		0.12%		1.34%		0.36%		0.13%		1.95%
			# Loans		4		37		10		4		55
			% # Loans		0.15%		1.35%		0.36%		0.15%		2.00%










Page 14 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,977,532.79		1,926,841.01		360,104.42		8,264,478.22
			% Balance				1.06%		0.34%		0.06%		1.47%
			# Loans				37		13		1		51
			% # Loans				1.13%		0.40%		0.03%		1.56%
	FORECLOSURE		Balance		0.00		0.00		0.00		474,508.54		474,508.54
			% Balance		0.00%		0.00%		0.00%		0.08%		0.08%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.09%		0.09%
	BANKRUPTCY		Balance		265,152.13		0.00		0.00		0.00		265,152.13
			% Balance		0.05%		0.00%		0.00%		0.00%		0.05%
			# Loans		4		0		0		0		4
			% # Loans		0.12%		0.00%		0.00%		0.00%		0.12%
	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		265,152.13		5,977,532.79		1,926,841.01		834,612.96		9,004,138.89
			% Balance		0.05%		1.06%		0.34%		0.15%		1.60%
			# Loans		4		37		13		4		58
			% # Loans		0.12%		1.13%		0.40%		0.12%		1.78%









Page 15 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

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
407169343 2
			262,400.00		262,400.00		01-Dec-2004		7.500%		GA - 80.00%		360		01-Nov-2004



TOTAL			262,400.00		262,400.00



Page 16 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

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
21060025 1
			153,600.00		152,958.50		01-Dec-2004		7.900%		CA - 80.00%		360		01-Dec-2004

41062517 1			124,100.00		123,684.75		01-Dec-2004		8.990%		IL - 85.00%		360		01-Dec-2004
2010040926520 1			79,900.00		79,573.76		01-Feb-2005		8.790%		NC - 85.00%		360		01-Nov-2004
2010041034910 1			56,800.00		56,621.11		01-Feb-2005		10.040%		GA - 80.00%		360		01-Nov-2004
2020040857240 1			133,500.00		132,818.31		01-Feb-2005		9.350%		VA - 75.00%		360		01-Sep-2004
2020040967880 1			192,000.00		190,876.62		01-Feb-2005		6.990%		FL - 80.00%		360		01-Nov-2004
2070041055870 1			189,000.00		188,224.75		01-Jan-2005		7.990%		MO - 89.15%		360		01-Dec-2004
2100041055320 1			276,250.00		274,805.50		01-Jan-2005		6.760%		CO - 84.48%		360		01-Dec-2004
331030523 2			197,400.00		196,410.19		01-Dec-2004		6.990%		NY - 75.92%		360		01-Dec-2004
651005867 2			155,000.00		154,443.83		01-Jan-2005		8.650%		RI - 67.39%		360		01-Dec-2004
21060026 3			204,000.00		203,148.00		01-Dec-2004		7.900%		CA - 80.00%		360		01-Dec-2004
81051442 3			102,800.00		102,374.94		01-Dec-2004		7.950%		VA - 80.00%		360		01-Dec-2004
2070040946040 3			170,000.00		168,985.60		01-Dec-2004		7.440%		WI - 85.00%		360		01-Nov-2004


TOTAL			2,034,350.00		2,024,925.86



Page 17 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								53		61		64		178
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								53		61		64		178
Curtailments Amount								55,081.53		27,026.58		29,587.38		111,695.49
Paid in Full Balance								12,068,296.74		11,136,570.71		10,888,512.50		34,093,379.95
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								12,123,378.27		11,163,597.29		10,918,099.88		34,205,075.44

Cumulative


Number of Paid in Full Loans								106		117		129		352
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								106		117		129		352
Paid in Full Balance								24,221,266.30		22,235,935.20		21,792,764.53		68,249,966.03
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Curtailments Amount								231,005.49		59,924.79		137,142.84		428,073.12
Total Prepayment Amount								24,452,271.79		22,295,859.99		21,929,907.37		68,678,039.15










Page 18 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								2.11%		2.29%		2.24%		2.20%
3 Months Avg SMM								2.10%		2.26%		2.22%		2.19%
12 Months Avg SMM								2.10%		2.26%		2.22%		2.19%
Avg SMM Since Cut-off								2.10%		2.26%		2.22%		2.19%


CPR								22.54%		24.24%		23.76%		23.46%
3 Months Avg CPR								22.49%		23.97%		23.61%		23.31%
12 Months Avg CPR								22.49%		23.97%		23.61%		23.31%
Avg CPR Since Cut-off								22.49%		23.97%		23.61%		23.31%


PSA								1,769.85%		1,942.59%		1,879.30%		1,858.27%
3 Months Avg PSA Approximation								1,916.27%		2,087.85%		2,027.30%		2,004.75%
12 Months Avg PSA Approximation								1,916.27%		2,087.85%		2,027.30%		2,004.75%
Avg PSA Since Cut-off Approximation								1,916.27%		2,087.85%		2,027.30%		2,004.75%










Page 19 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

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 20 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1649342 3			216,000.00		214,449.10			07-Apr-2005		7.460%		CA - 80.00%		Paid Off - 360		01-Sep-2004


1695071 1			208,000.00		207,195.68			26-Apr-2005		9.055%		CA - 80.00%		Paid Off - 360		01-Oct-2004

1785898 1			66,710.00		66,598.18			27-Apr-2005		12.300%		CA - 20.00%		Paid Off - 360		01-Nov-2004

1792240 3			87,600.00		87,444.07			06-May-2005		11.950%		CA - 20.00%		Paid Off - 360		01-Nov-2004

1795594 2			31,600.00		31,310.70			04-May-2005		10.250%		FL - 20.00%		Paid Off - 240		01-Oct-2004

1825232 3			98,000.00		97,819.75			02-May-2005		11.800%		CA - 20.00%		Paid Off - 360		01-Nov-2004

1827500 3			360,000.00		360,000.00			02-May-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Nov-2004

1827511 3			90,000.00		89,761.14			02-May-2005		10.100%		CA - 20.00%		Paid Off - 360		01-Nov-2004

1830478 2			37,800.00		37,498.89			06-May-2005		10.100%		PA - 20.00%		Paid Off - 240		01-Nov-2004

1833719 2			50,000.00		49,749.46			27-Apr-2005		9.500%		WA - 21.28%		Paid Off - 360		01-Nov-2004

1835213 2			33,700.00		33,238.68			09-May-2005		10.850%		FL - 20.00%		Paid Off - 180		01-Nov-2004

1835595 2			36,000.00		35,762.03			02-May-2005		10.100%		CT - 20.00%		Paid Off - 240		01-Dec-2004

1838826 2			49,000.00		48,910.83			25-Apr-2005		10.990%		WA - 20.00%		Paid Off - 360		01-Dec-2004

1842788 2			155,000.00		154,507.09			27-Apr-2005		9.650%		MA - 50.82%		Paid Off - 360		01-Nov-2004

1843640 1			33,877.00		33,657.76			05-May-2005		11.700%		NV - 20.00%		Paid Off - 240		01-Nov-2004

1846457 1			202,500.03		202,500.03			27-Apr-2005		8.500%		MD - 90.00%		Paid Off - 360		01-Dec-2004

1851010 1			154,000.00		154,000.00			21-Apr-2005		6.425%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

1856975 1			69,000.00		68,192.76			12-May-2005		12.550%		VA - 20.00%		Paid Off - 180		01-Nov-2004

1859098 1			250,000.00		249,149.98			09-May-2005		8.000%		MD - 78.37%		Paid Off - 360		01-Dec-2004

1864208 1			51,000.00		50,601.16			10-May-2005		10.450%		NY - 20.00%		Paid Off - 240		01-Nov-2004

1867764 3			262,360.00		261,269.96			29-Apr-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Dec-2004

1867879 2			65,590.00		65,483.02			29-Apr-2005		11.500%		CA - 20.00%		Paid Off - 360		01-Dec-2004

1868760 3			522,750.00		521,127.51			27-Apr-2005		8.450%		CA - 85.00%		Paid Off - 360		01-Dec-2004

1871054 2			239,000.00		238,008.94			02-May-2005		7.000%		CA - 77.10%		Paid Off - 360		01-Dec-2004

1877966 1			54,169.00		54,034.98			02-May-2005		10.450%		NV - 20.00%		Paid Off - 360		01-Nov-2004

1878569 2			290,000.00		288,669.58			26-Apr-2005		7.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004

1878929 3			403,750.00		401,614.14			28-Apr-2005		6.700%		CA - 95.00%		Paid Off - 360		01-Nov-2004

1883515 2			112,000.00		111,506.06			02-May-2005		10.000%		WA - 56.00%		Paid Off - 360		01-Dec-2004

1892094 2			341,800.00		341,799.73			25-Apr-2005		7.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004

1892324 2			100,735.00		100,735.00			19-Apr-2005		5.450%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

1893645 3			500,000.00		500,000.00			04-May-2005		7.100%		MI - 94.52%		Paid Off - 360		01-Nov-2004

1895206 2			204,000.00		203,011.40			02-May-2005		7.150%		OR - 85.00%		Paid Off - 360		01-Nov-2004

1895575 2			220,000.00		220,000.00			04-May-2005		6.375%		CA - 69.84%		Paid Off - 300		01-Dec-2004

1895799 1			400,000.00		398,409.34			05-May-2005		7.550%		NY - 72.73%		Paid Off - 360		01-Dec-2004

1900981 3			236,800.00		235,978.20			19-Apr-2005		7.925%		CA - 80.00%		Paid Off - 360		01-Dec-2004

1906330 1			272,000.00		271,878.57			25-Apr-2005		5.900%		CA - 80.00%		Paid Off - 360		01-Oct-2004

1908896 1			123,500.00		123,052.52			10-May-2005		7.800%		MO - 95.00%		Paid Off - 360		01-Dec-2004




Page 21 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1913462 2			335,750.00		333,737.34			11-May-2005		8.875%		IL - 85.00%		Paid Off - 360		01-Dec-2004


1921060 1			279,000.00		278,029.54			02-May-2005		8.350%		PA - 90.00%		Paid Off - 360		01-Dec-2004

1931475 1			328,500.00		328,500.00			21-Apr-2005		8.800%		CA - 90.00%		Paid Off - 360		01-Dec-2004

1940722 1			229,500.00		229,426.48			29-Apr-2005		7.500%		NV - 90.00%		Paid Off - 360		01-Dec-2004

11071648 3			715,000.00		712,029.41			12-Apr-2005		6.990%		CA - 65.00%		Paid Off - 360		01-Dec-2004

11071941 2			225,000.00		224,999.78			01-Apr-2005		7.150%		CA - 90.00%		Paid Off - 360		01-Jan-2005

31029820 2			201,000.00		199,920.80			05-Apr-2005		6.650%		CA - 71.02%		Paid Off - 360		01-Nov-2004

31030145 3			540,000.00		537,538.18			11-Apr-2005		6.515%		CA - 69.23%		Paid Off - 360		01-Dec-2004

31030162 3			371,250.00		369,795.86			04-Apr-2005		7.290%		CA - 75.00%		Paid Off - 360		01-Dec-2004

41062253 1			162,000.00		161,256.48			27-Apr-2005		7.850%		IL - 90.00%		Paid Off - 360		01-Nov-2004

51054288 2			202,500.00		201,723.88			30-Apr-2005		7.400%		GA - 90.00%		Paid Off - 360		01-Dec-2004

61055083 3			62,800.00		62,564.02			13-Apr-2005		7.500%		OH - 80.00%		Paid Off - 360		01-Dec-2004

71062531 3			108,000.00		107,572.77			29-Apr-2005		7.240%		FL - 90.00%		Paid Off - 360		01-Dec-2004

81051172 1			113,500.00		113,080.06			29-Apr-2005		8.500%		VA - 94.58%		Paid Off - 360		01-Nov-2004

81051360 2			225,000.00		223,798.19			27-Apr-2005		6.650%		VA - 90.00%		Paid Off - 360		01-Nov-2004

81051713 2			221,800.00		221,022.81			26-Apr-2005		7.850%		VA - 84.98%		Paid Off - 360		01-Dec-2004

81051749 1			105,000.00		104,729.29			29-Apr-2005		9.350%		VA - 52.50%		Paid Off - 360		01-Dec-2004

91029349 1			107,950.00		107,671.82			27-Apr-2005		8.250%		IL - 85.00%		Paid Off - 360		01-Jan-2005

101043967 3			350,000.00		347,728.48			21-Apr-2005		5.625%		TX - 66.04%		Paid Off - 360		01-Nov-2004

121035733 2			142,500.00		141,953.85			06-Apr-2005		7.400%		WI - 75.00%		Paid Off - 360		01-Dec-2004

121035809 1			63,602.00		63,471.35			21-Apr-2005		9.350%		WI - 95.00%		Paid Off - 360		01-Jan-2005

121035865 1			107,000.00		106,690.75			06-Apr-2005		8.400%		WI - 89.92%		Paid Off - 360		01-Jan-2005

161037477 2			217,500.00		216,722.46			18-Apr-2005		7.750%		MA - 75.00%		Paid Off - 360		01-Dec-2004

161037504 2			318,750.00		317,595.68			15-Apr-2005		6.550%		MA - 75.00%		Paid Off - 360		01-Jan-2005

161037548 2			199,750.00		198,772.33			07-Apr-2005		6.990%		MA - 85.00%		Paid Off - 360		01-Dec-2004

171022681 1			300,000.00		298,768.16			04-Apr-2005		7.050%		NV - 63.16%		Paid Off - 360		01-Dec-2004

171022820 1			132,000.00		131,555.72			15-Apr-2005		8.050%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

191021496 2			196,000.00		195,278.89			11-Apr-2005		7.990%		WA - 80.00%		Paid Off - 360		01-Dec-2004

211024218 2			212,000.00		211,286.42			15-Apr-2005		8.050%		MD - 80.00%		Paid Off - 360		01-Dec-2004

211024511 2			171,920.00		171,386.40			19-Apr-2005		8.450%		VA - 80.00%		Paid Off - 360		01-Dec-2004

231055839 1			126,900.00		126,455.36			07-Apr-2005		7.850%		NY - 90.00%		Paid Off - 360		01-Dec-2004

231057183 1			214,865.00		214,401.81			20-Apr-2005		10.200%		PA - 70.00%		Paid Off - 360		01-Dec-2004

231057723 3			148,500.00		147,840.83			19-Apr-2005		6.650%		NH - 73.51%		Paid Off - 360		01-Dec-2004

231057732 3			50,000.00		49,860.87			15-Apr-2005		10.025%		CT - 8.00%		Paid Off - 360		01-Dec-2004

231057910 3			243,000.00		242,175.91			19-Apr-2005		8.300%		VT - 90.00%		Paid Off - 360		01-Jan-2005

231058142 2			156,000.00		155,451.66			05-Apr-2005		7.650%		NY - 80.00%		Paid Off - 360		01-Jan-2005

251033933 2			150,000.00		149,287.77			18-Apr-2005		6.300%		CA - 52.63%		Paid Off - 360		01-Dec-2004

261049032 3			92,000.00		91,599.47			18-Apr-2005		6.750%		MD - 80.00%		Paid Off - 360		01-Dec-2004




Page 22 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

271015858 1			100,000.00		99,649.63			11-Apr-2005		7.850%		OR - 60.61%		Paid Off - 360		01-Dec-2004


271016194 3			232,900.00		231,487.80			06-Apr-2005		6.950%		NJ - 85.00%		Paid Off - 360		01-Nov-2004

271016992 3			126,000.00		125,333.45			07-Apr-2005		6.700%		NY - 74.12%		Paid Off - 360		01-Nov-2004

271017054 3			454,500.00		454,500.00			15-Apr-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Dec-2004

271017249 2			198,000.00		197,001.80			15-Apr-2005		6.400%		CA - 68.28%		Paid Off - 360		01-Dec-2004

331030909 1			289,750.00		288,451.37			12-Apr-2005		6.600%		NY - 95.00%		Paid Off - 360		01-Dec-2004

331031157 2			384,000.00		383,106.57			14-Apr-2005		8.750%		NY - 80.00%		Paid Off - 360		01-Jan-2005

331031433 3			57,890.00		57,521.84			27-Apr-2005		10.400%		NY - 16.31%		Paid Off - 240		01-Dec-2004

351022064 3			247,000.00		245,860.49			27-Apr-2005		6.450%		TX - 78.84%		Paid Off - 360		01-Dec-2004

361021601 2			155,700.00		154,883.72			06-Apr-2005		6.750%		MI - 90.00%		Paid Off - 360		01-Nov-2004

371021431 2			182,000.00		181,237.88			27-Apr-2005		6.950%		FL - 70.00%		Paid Off - 360		01-Dec-2004

371021989 2			208,250.00		207,475.26			19-Apr-2005		7.550%		FL - 85.00%		Paid Off - 360		01-Dec-2004

381017060 1			125,000.00		124,481.67			29-Apr-2005		7.000%		MA - 21.15%		Paid Off - 360		01-Dec-2004

381017099 2			193,500.00		192,713.23			18-Apr-2005		7.100%		MA - 90.00%		Paid Off - 360		01-Dec-2004

381017396 2			159,800.00		159,245.00			19-Apr-2005		6.750%		RI - 85.00%		Paid Off - 360		01-Jan-2005

406154870 2			101,500.00		101,110.14			12-Apr-2005		9.750%		NY - 70.00%		Paid Off - 360		01-Sep-2004

408163812 2			115,600.00		115,121.98			05-Apr-2005		7.950%		VA - 85.00%		Paid Off - 360		01-Nov-2004

408197973 2			316,800.00		315,278.47			27-Apr-2005		7.990%		NV - 90.00%		Paid Off - 360		01-Oct-2004

408209781 2			132,800.00		132,196.50			14-Apr-2005		7.499%		IL - 80.00%		Paid Off - 360		01-Nov-2004

408266098 3			486,138.00		484,019.44			27-Apr-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

408266676 1			68,000.00		67,811.05			26-Apr-2005		8.990%		NJ - 85.00%		Paid Off - 360		01-Dec-2004

408309377 2			162,000.00		161,400.62			19-Apr-2005		8.500%		DE - 90.00%		Paid Off - 360		01-Nov-2004

408311016 2			105,000.00		104,525.04			06-Apr-2005		7.500%		AZ - 76.64%		Paid Off - 360		01-Nov-2004

409011737 2			255,000.00		254,027.32			20-Apr-2005		8.350%		FL - 82.26%		Paid Off - 360		01-Nov-2004

409012105 2			237,520.00		236,443.55			26-Apr-2005		7.490%		NY - 80.00%		Paid Off - 360		01-Nov-2004

409012319 2			137,000.00		136,246.68			19-Apr-2005		6.500%		VA - 70.26%		Paid Off - 360		01-Nov-2004

409012662 3			360,000.00		360,000.00			07-Apr-2005		6.750%		NV - 80.00%		Paid Off - 360		01-Nov-2004

409023990 3			292,500.00		291,037.42			18-Apr-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Nov-2004

409035919 1			152,550.00		152,114.15			15-Apr-2005		9.750%		NJ - 90.00%		Paid Off - 360		01-Nov-2004

409076966 3			317,000.00		315,699.69			12-Apr-2005		7.990%		CA - 84.99%		Paid Off - 360		01-Nov-2004

409088972 3			68,000.00		67,830.39			12-Apr-2005		9.509%		OH - 85.00%		Paid Off - 360		01-Dec-2004

409202724 3			78,320.00		78,053.67			12-Apr-2005		7.999%		PA - 80.00%		Paid Off - 360		01-Dec-2004

409240325 2			135,000.00		134,342.51			07-Apr-2005		7.125%		MI - 77.14%		Paid Off - 360		01-Nov-2004

409271134 3			477,850.00		476,381.91			01-Apr-2005		8.500%		MA - 95.00%		Paid Off - 360		01-Dec-2004

409294264 2			144,000.00		143,458.92			06-Apr-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Dec-2004

410086276 1			318,750.00		317,581.69			01-Apr-2005		7.625%		NJ - 75.00%		Paid Off - 360		01-Dec-2004

410086905 2			199,750.00		198,961.38			06-Apr-2005		7.250%		ME - 85.00%		Paid Off - 360		01-Dec-2004

410129195 1			145,600.00		145,025.19			29-Apr-2005		7.250%		NC - 80.00%		Paid Off - 360		01-Dec-2004




Page 23 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

410131605 2			240,000.00		238,903.33			26-Apr-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004


410143657 2			221,600.00		220,800.88			22-Apr-2005		7.750%		ID - 80.00%		Paid Off - 360		01-Dec-2004

410154643 1			208,000.00		207,392.85			05-Apr-2005		8.750%		MD - 79.69%		Paid Off - 360		01-Dec-2004

511031793 3			164,500.00		163,776.80			11-Apr-2005		6.750%		CA - 70.00%		Paid Off - 360		01-Dec-2004

511031870 3			140,250.00		139,772.17			06-Apr-2005		7.990%		CO - 85.00%		Paid Off - 360		01-Dec-2004

521020448 2			169,600.00		168,889.86			27-Apr-2005		6.950%		MO - 80.00%		Paid Off - 360		01-Dec-2004

611012361 1			276,250.00		274,816.69			29-Apr-2005		6.800%		NY - 85.00%		Paid Off - 360		01-Nov-2004

611012794 3			85,800.00		85,643.83			25-Apr-2005		10.990%		NY - 18.26%		Paid Off - 360		01-Dec-2004

621004464 1			133,000.00		132,276.27			29-Apr-2005		7.600%		FL - 56.12%		Paid Off - 360		01-Dec-2004

621005107 3			236,250.00		235,653.44			21-Apr-2005		8.350%		FL - 75.00%		Paid Off - 360		01-Jan-2005

631004071 1			225,000.00		224,458.52			27-Apr-2005		9.700%		CA - 58.44%		Paid Off - 360		01-Dec-2004

641005453 1			73,375.00		73,128.03			25-Apr-2005		8.050%		TX - 79.76%		Paid Off - 360		01-Dec-2004

651006083 2			260,000.00		259,148.41			19-Apr-2005		7.050%		PA - 82.54%		Paid Off - 360		01-Jan-2005

661001862 3			50,000.00		49,524.36			29-Apr-2005		9.950%		CA - 11.11%		Paid Off - 240		01-Oct-2004

661002404 1			357,000.00		355,736.30			01-Apr-2005		7.800%		CA - 68.52%		Paid Off - 360		01-Dec-2004

661002865 2			265,000.00		264,517.79			01-Apr-2005		10.990%		CA - 58.89%		Paid Off - 360		01-Dec-2004

661002901 2			231,200.00		230,208.57			15-Apr-2005		6.828%		NV - 85.00%		Paid Off - 360		01-Dec-2004

671001557 1			131,500.00		130,960.05			25-Apr-2005		7.050%		CA - 84.84%		Paid Off - 360		01-Dec-2004

671001601 3			129,350.00		128,788.79			22-Apr-2005		6.800%		CA - 65.00%		Paid Off - 360		01-Dec-2004

671001719 3			140,000.00		139,738.31			25-Apr-2005		9.800%		CA - 56.00%		Paid Off - 360		01-Jan-2005

721004206 2			180,500.00		179,590.37			27-Apr-2005		6.950%		AZ - 95.00%		Paid Off - 360		01-Nov-2004

721004858 2			180,000.00		179,381.81			28-Apr-2005		7.950%		AZ - 74.38%		Paid Off - 360		01-Dec-2004

761005312 2			228,000.00		227,168.51			01-Apr-2005		7.650%		MN - 95.00%		Paid Off - 360		01-Dec-2004

761005412 1			138,000.00		137,210.53			26-Apr-2005		7.850%		IL - 60.00%		Paid Off - 360		01-Dec-2004

791000498 1			50,000.00		49,926.11			01-Apr-2005		10.900%		MO - 66.67%		Paid Off - 360		01-Jan-2005

831029460 1			108,000.00		107,507.83			07-Apr-2005		8.600%		PA - 90.00%		Paid Off - 360		01-Oct-2004

831029731 1			261,950.00		261,064.47			13-Apr-2005		8.950%		CA - 65.00%		Paid Off - 360		01-Nov-2004

831029733 1			215,000.00		214,523.84			06-Apr-2005		10.950%		CA - 53.09%		Paid Off - 360		01-Nov-2004

831030042 3			253,000.00		251,984.97			07-Apr-2005		8.100%		CA - 66.58%		Paid Off - 360		01-Nov-2004

841001216 1			128,155.00		127,650.40			08-Apr-2005		8.200%		MI - 95.00%		Paid Off - 360		01-Nov-2004

841001545 2			270,750.00		269,732.71			20-Apr-2005		7.500%		MI - 88.77%		Paid Off - 360		01-Dec-2004

1000055932 2			219,200.00		218,663.64			04-May-2005		9.600%		FL - 80.00%		Paid Off - 360		01-Dec-2004

1000062023 2			48,000.00		47,658.59			20-Apr-2005		10.100%		CA - 20.00%		Paid Off - 240		01-Dec-2004

2010040928520 1			142,000.00		141,330.77			20-Apr-2005		8.240%		SC - 82.70%		Paid Off - 360		01-Nov-2004

2010040929790 1			89,250.00		88,853.44			29-Apr-2005		7.590%		VA - 85.00%		Paid Off - 360		01-Nov-2004

2010041034880 1			240,000.00		238,626.23			06-Apr-2005		6.290%		SC - 78.95%		Paid Off - 360		01-Nov-2004

2010041036800 3			219,900.00		218,997.98			21-Apr-2005		7.990%		NC - 79.67%		Paid Off - 360		01-Nov-2004

2010041038690 3			120,720.00		120,167.44			01-Apr-2005		7.440%		SC - 74.52%		Paid Off - 360		01-Nov-2004




Page 24 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

2010041043920 3			51,000.00		50,735.41			25-Apr-2005		9.840%		NC - 85.00%		Paid Off - 360		01-Nov-2004


2020040962040 1			188,000.00		186,667.57			08-Apr-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Oct-2004

2020040964720 1			93,600.00		93,167.32			20-Apr-2005		7.390%		OH - 71.45%		Paid Off - 360		01-Nov-2004

2030040925900 3			403,750.00		402,374.45			19-Apr-2005		7.990%		CA - 85.00%		Paid Off - 360		01-Dec-2004

2050040879960 1			136,000.00		135,099.84			19-Apr-2005		5.520%		OH - 80.00%		Paid Off - 360		01-Nov-2004

2060040880190 1			300,000.00		298,613.25			08-Apr-2005		6.440%		FL - 80.00%		Paid Off - 360		01-Dec-2004

2070040945540 1			117,000.00		116,474.58			29-Apr-2005		6.590%		WI - 73.13%		Paid Off - 360		01-Dec-2004

2080040916160 3			113,575.00		113,048.97			22-Apr-2005		7.900%		MI - 77.00%		Paid Off - 360		01-Nov-2004

2080040919490 3			76,500.00		76,165.42			22-Apr-2005		7.140%		MI - 85.00%		Paid Off - 360		01-Dec-2004

2080041021150 1			50,000.00		49,790.73			25-Apr-2005		7.890%		MI - 60.24%		Paid Off - 360		01-Nov-2004

2080041022290 1			85,000.00		84,683.11			07-Apr-2005		7.540%		MI - 62.96%		Paid Off - 360		01-Dec-2004

2090040904780 1			105,000.00		104,404.66			07-Apr-2005		6.340%		FL - 77.78%		Paid Off - 360		01-Nov-2004

2200040928470 3			259,250.00		258,193.77			20-Apr-2005		7.090%		CA - 85.00%		Paid Off - 360		01-Dec-2004

2200041033450 3			238,850.00		237,941.81			04-Apr-2005		7.440%		CA - 85.00%		Paid Off - 360		01-Dec-2004

2200041034320 1			160,000.00		159,224.09			04-Apr-2005		6.190%		CA - 80.00%		Paid Off - 360		01-Dec-2004

2260040854980 3			179,100.00		178,161.21			06-Apr-2005		7.550%		AZ - 89.55%		Paid Off - 360		01-Oct-2004

2260041078260 1			155,000.00		154,310.64			04-Apr-2005		6.640%		NV - 41.89%		Paid Off - 360		01-Dec-2004

2280040985310 1			285,600.00		284,185.79			21-Apr-2005		7.040%		MN - 80.00%		Paid Off - 360		01-Nov-2004

2280041092850 1			197,600.00		196,659.12			29-Apr-2005		7.240%		MN - 80.00%		Paid Off - 360		01-Nov-2004

2290040936990 1			128,000.00		127,224.45			07-Apr-2005		6.000%		CA - 71.11%		Paid Off - 360		01-Nov-2004

2290040937240 1			207,200.00		205,858.95			28-Apr-2005		5.650%		CA - 79.69%		Paid Off - 360		01-Nov-2004

2290040938990 1			275,000.00		273,367.80			27-Apr-2005		6.440%		CA - 83.33%		Paid Off - 360		01-Nov-2004

2290041044600 3			105,000.00		104,649.37			11-Apr-2005		8.090%		CA - 75.00%		Paid Off - 360		01-Dec-2004

2350040960580 3			180,000.00		179,067.05			28-Apr-2005		7.010%		NJ - 56.25%		Paid Off - 360		01-Nov-2004

2360040936820 3			180,000.00		179,339.62			28-Apr-2005		7.620%		CA - 75.00%		Paid Off - 360		01-Dec-2004

2360040937840 3			129,000.00		128,675.80			15-Apr-2005		9.690%		CA - 67.19%		Paid Off - 360		01-Dec-2004

2360041038940 1			316,500.00		314,895.74			19-Apr-2005		5.990%		CA - 75.36%		Paid Off - 360		01-Dec-2004



TOTAL			34,220,671.03		34,093,379.95



Page 25 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




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

Cumulative




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










Page 26 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



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


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


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


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












Page 27 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

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 28 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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





TOTAL



Page 29 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

								Group 3		Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						3 months rolling 60+ days includes 60+ bkcs and all flcs								5,879,127.09
						Ending Balance								1,517,876,111.16
						Prior period Senior Enhancement Percentage								18.9200%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Basis Risk CarryForward Amount paid
Basis Risk CarryForward Amount unpaid
Excess Reserve Fund Account Balance




Page 30 of 31
Morgan Stanley ABS Capital I Inc. 2005-HE2

Mortgage Pass-Through Certificates

2005-HE2

May 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current Scheduled Payments														10,627,011.35
Current Scheduled Payments 1 Month Prior														10,868,495.06
Current Scheduled Payments 2 Month Prior														0.00
Current Scheduled Payments 3 Month Prior														0.00
Current Scheduled Payments 4 Month Prior														0.00
Current Scheduled Payments 5 Month Prior														0.00
Current Scheduled Payments 6 Month Prior														0.00
Current Scheduled Payments 7 Month Prior														0.00
Current Scheduled Payments 8 Month Prior														0.00
Current Scheduled Payments 9 Month Prior														0.00
Current Scheduled Payments 10 Month Prior														0.00
Current Scheduled Payments 11 Month Prior														0.00





Sched. Payments for 60+Day Delinquent Loans								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior								0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior								0.00		0.00		0.00		0.00




Page 31 of 31

Morgan Stanley ABS Capital I Inc. Trust 2005-HE2 8-K