                                    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
                     February 1, 2005, providing for the issuance of
           Morgan Stanley ABS Capital I Inc. Trust, Mortgage Pass-Through
                            Certificates Series 2005-WMC1)
                (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-25                        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.
     Trust, Mortgage Pass-Through Certificates Series 2005-WMC1,which
     was made on February 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-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Morgan Stanley
										2. Collection Account Report					4

										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10

										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18

										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)
										12. Triggers and Adj. Cert. Report					26
				Countrywide Home Loans Srvc LP
										13. Other Related Information					27



				Underwriter(s)
				Morgan Stanley


										Total Number of Pages					27


				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Eiko Akiyama
				Close Date:			February 24, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				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 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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		$	425,115,000.00		408,705,593.84		1,172,474.17		12,350,913.37		13,523,387.54		0.00		0.00		396,354,680.47

A-1MZ		$	106,279,000.00		102,176,638.86		281,837.23		3,087,735.59		3,369,572.82		0.00		0.00		99,088,903.27
A-2A		$	166,533,000.00		147,397,918.52		383,234.59		12,079,486.25		12,462,720.84		0.00		0.00		135,318,432.27
A-2B		$	185,000,000.00		185,000,000.00		499,500.00		0.00		499,500.00		0.00		0.00		185,000,000.00
A-2C		$	37,000,000.00		37,000,000.00		103,908.33		0.00		103,908.33		0.00		0.00		37,000,000.00
M-1		$	39,024,000.00		39,024,000.00		113,494.80		0.00		113,494.80		0.00		0.00		39,024,000.00
M-2		$	35,006,000.00		35,006,000.00		102,392.55		0.00		102,392.55		0.00		0.00		35,006,000.00
M-3		$	22,382,000.00		22,382,000.00		66,026.90		0.00		66,026.90		0.00		0.00		22,382,000.00
M-4		$	20,085,000.00		20,085,000.00		62,096.13		0.00		62,096.13		0.00		0.00		20,085,000.00
M-5		$	18,364,000.00		18,364,000.00		57,387.50		0.00		57,387.50		0.00		0.00		18,364,000.00
M-6		$	17,217,000.00		17,217,000.00		54,807.45		0.00		54,807.45		0.00		0.00		17,217,000.00
B-1		$	16,069,000.00		16,069,000.00		56,777.13		0.00		56,777.13		0.00		0.00		16,069,000.00
B-2		$	12,625,000.00		12,625,000.00		45,450.00		0.00		45,450.00		0.00		0.00		12,625,000.00
B-3		$	12,625,000.00		12,625,000.00		54,392.71		0.00		54,392.71		0.00		0.00		12,625,000.00
X		$	34,433,233.00		34,432,716.99		3,053,167.76		0.00		3,053,167.76		0.00		0.00		34,432,716.99
R		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P		$	0.00		0.00		335,751.41		0.00		335,751.41		0.00		0.00		0.00

Total			1,147,757,233.00		1,108,109,868.21		6,442,698.66		27,518,135.21		33,960,833.87		0.00		0.00		1,080,591,733.00





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		61744CLP9		425,115,000.00		961.400077		2.758016		29.053111		31.811128	932.346966
A-1MZ	04/25/05		05/24/05		A-Act/360		61744CLQ7		106,279,000.00		961.400078		2.651862		29.053111		31.704973	932.346967
A-2A	04/25/05		05/24/05		A-Act/360		61744CLR5		166,533,000.00		885.097359		2.301253		72.535091		74.836344	812.562269
A-2B	04/25/05		05/24/05		A-Act/360		61744CLS3		185,000,000.00		1,000.000000		2.700000		0.000000		2.700000	1,000.000000
A-2C	04/25/05		05/24/05		A-Act/360		61744CLT1		37,000,000.00		1,000.000000		2.808333		0.000000		2.808333	1,000.000000
M-1	04/25/05		05/24/05		A-Act/360		61744CLU8		39,024,000.00		1,000.000000		2.908333		0.000000		2.908333	1,000.000000
M-2	04/25/05		05/24/05		A-Act/360		61744CLV6		35,006,000.00		1,000.000000		2.925000		0.000000		2.925000	1,000.000000
M-3	04/25/05		05/24/05		A-Act/360		61744CLW4		22,382,000.00		1,000.000000		2.950000		0.000000		2.950000	1,000.000000
M-4	04/25/05		05/24/05		A-Act/360		61744CLX2		20,085,000.00		1,000.000000		3.091667		0.000000		3.091667	1,000.000000
M-5	04/25/05		05/24/05		A-Act/360		61744CLY0		18,364,000.00		1,000.000000		3.125000		0.000000		3.125000	1,000.000000
M-6	04/25/05		05/24/05		A-Act/360		61744CLZ7		17,217,000.00		1,000.000000		3.183333		0.000000		3.183333	1,000.000000
B-1	04/25/05		05/24/05		A-Act/360		61744CMA1		16,069,000.00		1,000.000000		3.533333		0.000000		3.533333	1,000.000000
B-2	04/25/05		05/24/05		A-Act/360		61744CMB9		12,625,000.00		1,000.000000		3.600000		0.000000		3.600000	1,000.000000
B-3	04/25/05		05/24/05		A-Act/360		61744CMC7		12,625,000.00		1,000.000000		4.308333		0.000000		4.308333	1,000.000000
X	04/25/05		05/24/05		A-Act/360				34,433,233.00		999.985014		88.669216		0.000000		88.669216	999.985014
R	04/25/05		05/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
P	04/25/05		05/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000



Page 2 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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	425,115,000.00		3,395,474.32		27,834,686.42		925,633.11		28,760,319.53		32,155,793.85		0.00		0.00		396,354,680.47
A-1MZ	106,279,000.00		814,289.53		6,958,687.91		231,408.82		7,190,096.73		8,004,386.26		0.00		0.00		99,088,903.27
A-2A	166,533,000.00		1,153,865.96		30,199,221.02		1,015,346.71		31,214,567.73		32,368,433.69		0.00		0.00		135,318,432.27
A-2B	185,000,000.00		1,411,806.95		0.00		0.00		0.00		1,411,806.95		0.00		0.00		185,000,000.00
A-2C	37,000,000.00		294,386.39		0.00		0.00		0.00		294,386.39		0.00		0.00		37,000,000.00
M-1	39,024,000.00		322,197.32		0.00		0.00		0.00		322,197.32		0.00		0.00		39,024,000.00
M-2	35,006,000.00		290,773.45		0.00		0.00		0.00		290,773.45		0.00		0.00		35,006,000.00
M-3	22,382,000.00		187,592.25		0.00		0.00		0.00		187,592.25		0.00		0.00		22,382,000.00
M-4	20,085,000.00		176,876.33		0.00		0.00		0.00		176,876.33		0.00		0.00		20,085,000.00
M-5	18,364,000.00		163,556.92		0.00		0.00		0.00		163,556.92		0.00		0.00		18,364,000.00
M-6	17,217,000.00		156,354.28		0.00		0.00		0.00		156,354.28		0.00		0.00		17,217,000.00
B-1	16,069,000.00		162,801.28		0.00		0.00		0.00		162,801.28		0.00		0.00		16,069,000.00
B-2	12,625,000.00		130,433.78		0.00		0.00		0.00		130,433.78		0.00		0.00		12,625,000.00
B-3	12,625,000.00		157,261.91		0.00		0.00		0.00		157,261.91		0.00		0.00		12,625,000.00
X	34,433,233.00		9,879,224.75		489.36		26.56		515.92		9,879,740.67		0.00		0.00		34,432,716.99
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00		836,541.97		0.00		0.00		0.00		836,541.97		0.00		0.00		0.00

Total	1,147,757,233.00		19,533,437.39		64,993,084.71		2,172,415.20		67,165,499.91		86,698,937.30		0.00		0.00		1,080,591,733.00


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	3.44250%		408,705,593.84		1,172,474.17		0.00		0.00		0.00		1,172,474.17		1,172,474.17		0.00
A-1MZ	3.31000%		102,176,638.86		281,837.23		0.00		0.00		0.00		281,837.23		281,837.23		0.00
A-2A	3.12000%		147,397,918.52		383,234.59		0.00		0.00		0.00		383,234.59		383,234.59		0.00
A-2B	3.24000%		185,000,000.00		499,500.00		0.00		0.00		0.00		499,500.00		499,500.00		0.00
A-2C	3.37000%		37,000,000.00		103,908.33		0.00		0.00		0.00		103,908.33		103,908.33		0.00
M-1	3.49000%		39,024,000.00		113,494.80		0.00		0.00		0.00		113,494.80		113,494.80		0.00
M-2	3.51000%		35,006,000.00		102,392.55		0.00		0.00		0.00		102,392.55		102,392.55		0.00
M-3	3.54000%		22,382,000.00		66,026.90		0.00		0.00		0.00		66,026.90		66,026.90		0.00
M-4	3.71000%		20,085,000.00		62,096.13		0.00		0.00		0.00		62,096.13		62,096.13		0.00
M-5	3.75000%		18,364,000.00		57,387.50		0.00		0.00		0.00		57,387.50		57,387.50		0.00
M-6	3.82000%		17,217,000.00		54,807.45		0.00		0.00		0.00		54,807.45		54,807.45		0.00
B-1	4.24000%		16,069,000.00		56,777.13		0.00		0.00		0.00		56,777.13		56,777.13		0.00
B-2	4.32000%		12,625,000.00		45,450.00		0.00		0.00		0.00		45,450.00		45,450.00		0.00
B-3	5.17000%		12,625,000.00		54,392.71		0.00		0.00		0.00		54,392.71		54,392.71		0.00
X	106.40465%		34,432,716.99		3,053,167.76		0.00		0.00		0.00		3,053,167.76		3,053,167.76		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		335,751.41		0.00

Total			1,108,109,868.21		6,106,947.25		0.00		0.00		0.00		6,106,947.25		6,442,698.66		0.00



Page 3 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										12,079,486.29		15,438,648.92		27,518,135.21
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										12,079,486.29		15,438,648.92		27,518,135.21
Interest Collections										2,575,928.05		3,607,386.40		6,183,314.44
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		335,751.41
Interest Fees										-30,249.83		-45,987.17		-76,367.29
TOTAL NET INTEREST										2,545,678.22		3,561,399.22		6,442,698.56
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										14,625,164.51		19,000,048.14		33,960,833.77



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											226,311.15		484,625.90		710,937.05
Prepayments In Full											11,839,537.68		14,838,482.36		26,678,020.04
Curtailments											13,637.46		96,070.42		109,707.88
Liquidations											0.00		0.00		0.00
Insurance Principal											0.00		0.00		0.00
Repurchased Principal Amounts											0.00		19,470.24		19,470.24
Other Principal											0.00		0.00		0.00
Total Realized Loss Of Principal											-0.00		-0.00		-0.00
Delinquent Principal											-200,860.09		-415,076.54		-615,936.63
Advanced Principal											200,860.09		415,076.54		615,936.63
TOTAL PRINCIPAL COLLECTED											12,079,486.29		15,438,648.92		27,518,135.21


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										2,741,239.75		3,831,069.42		6,572,309.17
Liquidation Interest										0.00		0.00		0.00
Repurchased Interest										0.00		174.42		174.42
Insurance Interest										0.00		0.00		0.00
Other Interest										0.00		0.00		0.00
Relief Act Interest Shortfalls										-0.00		-0.00		-0.00
Prepayment Interest Shortfalls										-39,853.75		-40,182.32		-80,036.07
Compensating Interest										39,853.76		#######		80,036.09
Delinquent Interest										-2,341,183.30		-3,203,078.95		-5,544,262.25
Interest Advanced										2,175,871.60		2,979,221.50		5,155,093.10
TOTAL INTEREST COLLECTED										2,575,928.05		3,607,386.40		6,183,314.44


INTEREST - WITHDRAWALS

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



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														335,751.41
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		335,751.41



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										28,697.75		43,845.55		72,543.30
Current Trustee Fees										1,552.08		2,141.62		3,693.70
Current Custodian Fees										0.00		0.00		130.29
TOTAL INTEREST OTHER FEES										30,249.83		45,987.17		76,367.29




Page 5 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralization Amount														34,432,716.99
Overcollateralization Target Amount														34,432,716.99
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00




Page 6 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,843		4,471		6,314
Prior										1,780		4,358		6,138
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-40		-79		-119
Repurchases										-0		-1		-1
Liquidations										-0		-0		-0
Current										1,740		4,278		6,018
Principal Balance:


Original										484,757,697.00		662,999,209.14		1,147,756,906.14
Prior										465,622,674.52		642,487,193.78		1,108,109,868.30
Prefunding										0.00		0.00		0.00
Scheduled Principal										-226,311.15		-484,625.90		-710,937.05
Partial Prepayments										-13,637.46		-96,070.42		-109,707.88
Full Voluntary Prepayments										-11,839,537.68		-14,838,482.36		-26,678,020.04
Repurchases										-0.00		-19,470.24		-19,470.24
Liquidations										-0.00		-0.00		-0.00
Current										453,543,188.23		627,048,544.86		1,080,591,733.09





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.08734%		7.15842%		7.12840%
Weighted Average Coupon Prior										7.08100%		7.15658%		7.12471%
Weighted Average Coupon Current										7.06471%		7.15577%		7.11751%
Weighted Average Months to Maturity Original										332		340		336
Weighted Average Months to Maturity Prior										331		338		335
Weighted Average Months to Maturity Current										329		337		334
Weighted Avg Remaining Amortization Term Original										332		340		336
Weighted Avg Remaining Amortization Term Prior										331		338		335
Weighted Avg Remaining Amortization Term Current										329		337		334
Weighted Average Seasoning Original										4.26		4.24		4.25
Weighted Average Seasoning Prior										5.26		5.24		5.25
Weighted Average Seasoning Current										6.26		6.24		6.25









Page 8 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										6.02245%		6.17056%		6.10677%
Weighted Average Margin Prior										6.01849%		6.16963%		6.10464%
Weighted Average Margin Current										6.00769%		6.16114%		6.09537%
Weighted Average Max Rate Original										13.11994%		13.36422%		13.25902%
Weighted Average Max Rate Prior										13.11119%		13.36012%		13.25308%
Weighted Average Max Rate Current										13.09009%		13.35395%		13.24085%
Weighted Average Min Rate Original										6.61896%		6.86228%		6.75750%
Weighted Average Min Rate Prior										6.61019%		6.85828%		6.75160%
Weighted Average Min Rate Current										6.58926%		6.85232%		6.73957%
Weighted Average Cap Up Original										1.00228%		1.00798%		1.00553%
Weighted Average Cap Up Prior										1.00232%		1.00808%		1.00560%
Weighted Average Cap Up Current										1.00223%		1.00813%		1.00560%
Weighted Average Cap Down Original										1.00228%		1.00798%		1.00553%
Weighted Average Cap Down Prior										1.00232%		1.00808%		1.00560%
Weighted Average Cap Down Current										1.00223%		1.00813%		1.00560%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										28,697.75		43,845.55		72,543.30
Delinquent Servicing Fees										165,311.70		223,857.45		389,169.15
TOTAL SERVICING FEES										194,009.46		267,703.00		461,712.46


Compensating Interest										-39,853.76		-40,182.33		-80,036.09
Delinquent Servicing Fees										-165,311.70		-223,857.45		-389,169.15
COLLECTED SERVICING FEES										95,429.92		3,663.23		(7,492.77)


Aggregate Advances with respect to this Distribution										1,819,455.62		2,594,201.39		4,413,657.01





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall										0.00		0.00		0.00
Libor For Current Period														3.0200%
Libor For Next Period														3.0900%




Page 9 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				16,350,438.96		7,151,154.18		3,761,751.08		27,263,344.22
			% Balance				1.51%		0.66%		0.35%		2.52%
			# Loans				99		36		32		167
			% # Loans				1.65%		0.60%		0.53%		2.78%
	FORECLOSURE		Balance		0.00		0.00		1,701,656.85		10,072,505.98		11,774,162.83
			% Balance		0.00%		0.00%		0.16%		0.93%		1.09%
			# Loans		0		0		10		33		43
			% # Loans		0.00%		0.00%		0.17%		0.55%		0.71%
	BANKRUPTCY		Balance		407,195.54		0.00		0.00		95,555.63		502,751.17
			% Balance		0.04%		0.00%		0.00%		0.01%		0.05%
			# Loans		4		0		0		2		6
			% # Loans		0.07%		0.00%		0.00%		0.03%		0.10%
	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		407,195.54		16,350,438.96		8,852,811.03		13,929,812.69		39,540,258.22
			% Balance		0.04%		1.51%		0.82%		1.29%		3.66%
			# Loans		4		99		46		67		216
			% # Loans		0.07%		1.65%		0.76%		1.11%		3.59%









Page 10 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,493,796.59		2,068,490.21		1,368,874.46		11,931,161.26
			% Balance				1.35%		0.33%		0.22%		1.90%
			# Loans				64		19		15		98
			% # Loans				1.50%		0.44%		0.35%		2.29%
	FORECLOSURE		Balance		0.00		0.00		1,180,919.82		5,123,098.41		6,304,018.23
			% Balance		0.00%		0.00%		0.19%		0.82%		1.01%
			# Loans		0		0		6		22		28
			% # Loans		0.00%		0.00%		0.14%		0.51%		0.65%
	BANKRUPTCY		Balance		407,195.54		0.00		0.00		95,555.63		502,751.17
			% Balance		0.06%		0.00%		0.00%		0.02%		0.08%
			# Loans		4		0		0		2		6
			% # Loans		0.09%		0.00%		0.00%		0.05%		0.14%
	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		407,195.54		8,493,796.59		3,249,410.03		6,587,528.50		18,737,930.66
			% Balance		0.06%		1.35%		0.52%		1.05%		2.99%
			# Loans		4		64		25		39		132
			% # Loans		0.09%		1.50%		0.58%		0.91%		3.09%










Page 11 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,856,642.37		5,082,663.97		2,392,876.62		15,332,182.96
			% Balance				1.73%		1.12%		0.53%		3.38%
			# Loans				35		17		17		69
			% # Loans				2.01%		0.98%		0.98%		3.97%
	FORECLOSURE		Balance		0.00		0.00		520,737.03		4,949,407.57		5,470,144.60
			% Balance		0.00%		0.00%		0.11%		1.09%		1.21%
			# Loans		0		0		4		11		15
			% # Loans		0.00%		0.00%		0.23%		0.63%		0.86%
	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		7,856,642.37		5,603,401.00		7,342,284.19		20,802,327.56
			% Balance		0.00%		1.73%		1.24%		1.62%		4.59%
			# Loans		0		35		21		28		84
			% # Loans		0.00%		2.01%		1.21%		1.61%		4.83%









Page 12 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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 13 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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
11013986 1
			333,700.00		331,664.72		01-Dec-2004		8.250%		NY - 60.67%		360		01-Sep-2004

11030337 1			46,500.00		46,239.52		01-Dec-2004		7.990%		MI - 84.55%		360		01-Oct-2004
11031184 1			212,000.00		210,821.17		01-Jan-2005		7.250%		CA - 80.00%		360		01-Oct-2004
11042213 1			320,000.00		318,038.57		01-Dec-2004		6.750%		NY - 80.00%		360		01-Nov-2004
11043858 1			98,600.00		98,210.38		01-Jan-2005		9.625%		GA - 85.00%		360		01-Oct-2004
11045613 1			85,500.00		85,213.88		01-Dec-2004		8.990%		WI - 90.00%		360		01-Dec-2004
11045770 1			148,500.00		147,888.69		01-Dec-2004		8.750%		CT - 90.00%		360		01-Nov-2004
11045958 1			198,750.00		197,560.87		01-Dec-2004		6.875%		CA - 75.00%		360		01-Nov-2004
11050272 1			216,000.00		214,964.97		01-Jan-2005		8.000%		GA - 90.00%		360		01-Nov-2004
11054083 1			287,920.00		286,155.22		01-Dec-2004		6.750%		CA - 80.00%		360		01-Nov-2004
11055299 1			272,000.00		270,408.61		01-Jan-2005		6.990%		CA - 80.00%		360		01-Nov-2004
11058243 1			261,250.00		260,103.24		01-Dec-2004		7.651%		CA - 95.00%		360		01-Dec-2004
11059616 1			340,000.00		338,423.63		01-Dec-2004		7.375%		NY - 80.00%		360		01-Dec-2004
11059916 1			168,000.00		167,093.93		01-Dec-2004		6.600%		AZ - 80.00%		360		01-Dec-2004
11060880 1			169,600.00		168,757.76		01-Dec-2004		7.025%		FL - 80.00%		360		01-Dec-2004
11061039 1			228,650.00		227,979.46		01-Dec-2004		9.625%		MA - 85.00%		360		01-Dec-2004
11061226 1			259,000.00		257,966.09		01-Dec-2004		8.125%		CA - 92.50%		360		01-Dec-2004
11063410 1			312,000.00		310,109.42		01-Dec-2004		5.990%		CA - 80.00%		360		01-Dec-2004
11066080 1			272,000.00		270,574.96		01-Dec-2004		6.750%		NY - 80.00%		360		01-Dec-2004
11066808 1			200,000.00		198,950.12		01-Dec-2004		6.740%		TX - 80.00%		360		01-Dec-2004
11066907 1			268,000.00		268,000.00		01-Dec-2004		7.925%		CA - 80.00%		360		01-Dec-2004
11069545 1			144,000.00		143,348.67		01-Dec-2004		7.500%		CT - 77.84%		360		01-Dec-2004
11069692 1			243,200.00		242,387.68		01-Dec-2004		8.999%		CA - 80.00%		360		01-Dec-2004
11071515 1			384,000.00		382,055.44		01-Dec-2004		6.925%		NY - 80.00%		360		01-Dec-2004
11072347 1			186,675.00		185,741.59		01-Jan-2005		6.990%		CT - 94.52%		360		01-Dec-2004
11072772 1			201,600.00		200,773.10		01-Jan-2005		7.990%		CA - 80.00%		360		01-Dec-2004
11072882 1			229,500.00		228,436.00		01-Dec-2004		7.375%		CT - 90.00%		360		01-Dec-2004
11077036 1			247,514.00		246,150.54		01-Dec-2004		6.490%		TX - 80.00%		360		01-Dec-2004
11021021 2			695,000.00		690,421.56		01-Dec-2004		6.375%		CA - 86.88%		360		01-Nov-2004
11028132 2			53,625.00		53,415.23		01-Jan-2005		8.225%		FL - 75.00%		360		01-Dec-2004
11030841 2			836,000.00		831,236.04		01-Dec-2004		7.125%		CA - 67.42%		360		01-Nov-2004
11041333 2			50,000.00		49,159.62		01-Dec-2004		8.550%		LA - 69.44%		180		01-Dec-2004
11042454 2			153,000.00		152,248.25		01-Jan-2005		7.875%		MD - 87.43%		360		01-Nov-2004
11042986 2			436,000.00		434,013.26		01-Nov-2004		8.250%		CA - 80.00%		360		01-Nov-2004
11044488 2			468,750.00		466,046.43		01-Dec-2004		6.250%		CA - 75.00%		360		01-Dec-2004
11047497 2			672,000.00		668,304.78		01-Dec-2004		6.500%		IL - 80.00%		360		01-Dec-2004
11052602 2			156,000.00		155,153.63		01-Jan-2005		7.375%		CA - 80.00%		360		01-Nov-2004
11053790 2			73,500.00		73,228.07		01-Dec-2004		8.500%		MS - 70.00%		360		01-Dec-2004
11056368 2			504,000.00		501,161.74		01-Dec-2004		6.375%		CA - 80.00%		360		01-Dec-2004
11057174 2			159,920.00		159,919.92		01-Jan-2005		6.250%		CA - 80.00%		360		01-Dec-2004
11059943 2			283,500.00		282,503.31		01-Dec-2004		8.750%		CA - 90.00%		360		01-Dec-2004
11061447 2			568,000.00		568,000.00		01-Dec-2004		6.375%		CA - 80.00%		360		01-Dec-2004
11077701 2			387,200.00		385,332.76		01-Dec-2004		7.175%		NY - 80.00%		360		01-Dec-2004


TOTAL			11,830,954.00		11,774,162.83



Page 14 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										40		79		119
Number of Repurchased Loans										0		1		1
Total Number of Loans Prepaid in Full										40		80		120
Curtailments Amount										13,637.46		96,070.42		109,707.88
Paid in Full Balance										11,839,537.68		14,838,482.36		26,678,020.04
Repurchased Loans Balance										0.00		19,470.24		19,470.24
Total Prepayment Amount										11,853,175.14		14,954,023.02		26,807,198.16

Cumulative


Number of Paid in Full Loans										103		193		296
Number of Repurchased Loans										0		1		1
Total Number of Loans Prepaid in Full										103		194		297
Paid in Full Balance										30,464,589.30		34,393,242.72		64,857,832.02
Repurchased Loans Balance										0.00		19,470.24		19,470.24
Curtailments Amount										54,516.84		60,938.75		115,455.59
Total Prepayment Amount										30,519,106.14		34,473,651.71		64,992,757.85










Page 15 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										2.55%		2.33%		2.42%
3 Months Avg SMM										2.15%		1.77%		1.93%
12 Months Avg SMM										2.15%		1.77%		1.93%
Avg SMM Since Cut-off										2.15%		1.77%		1.93%


CPR										26.63%		24.63%		25.48%
3 Months Avg CPR										22.93%		19.26%		20.82%
12 Months Avg CPR										22.93%		19.26%		20.82%
Avg CPR Since Cut-off										22.92%		19.26%		20.82%


PSA										2,127.10%		1,973.77%		2,038.79%
3 Months Avg PSA Approximation										2,178.97%		1,837.69%		1,983.69%
12 Months Avg PSA Approximation										2,178.97%		1,837.69%		1,983.69%
Avg PSA Since Cut-off Approximation										2,178.97%		1,837.69%		1,983.68%










Page 16 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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 17 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11000732 1			162,000.00		160,747.67			21-Apr-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Sep-2004


11011718 2			90,250.00		89,779.78			22-Apr-2005		8.265%		FL - 95.00%		Paid Off - 360		01-Sep-2004

11017370 2			138,000.00		137,330.90			22-Apr-2005		8.625%		CA - 100.00%		Paid Off - 360		01-Sep-2004

11018058 2			400,000.00		397,934.44			20-Apr-2005		7.625%		CA - 61.54%		Paid Off - 360		01-Oct-2004

11018353 1			272,000.00		270,625.21			25-Apr-2005		8.125%		CA - 80.00%		Paid Off - 360		01-Oct-2004

11030012 1			265,852.00		265,852.00			07-Apr-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11030017 1			66,463.00		66,339.03			06-Apr-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11031197 1			160,092.00		159,190.41			21-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11031274 1			288,000.00		286,491.16			04-Apr-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11031558 2			72,000.00		71,838.09			06-Apr-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11032580 1			254,400.00		252,994.87			22-Apr-2005		5.500%		IL - 80.00%		Paid Off - 360		01-Dec-2004

11032585 1			63,600.00		63,471.42			22-Apr-2005		10.500%		IL - 20.00%		Paid Off - 180		01-Dec-2004

11036587 1			228,000.00		224,365.12			25-Apr-2005		6.625%		MI - 80.00%		Paid Off - 240		01-Nov-2004

11039068 1			152,700.00		152,257.81			15-Apr-2005		9.375%		CA - 84.83%		Paid Off - 360		01-Dec-2004

11041318 1			47,200.00		47,016.75			20-Apr-2005		11.990%		MT - 20.00%		Paid Off - 180		01-Nov-2004

11042008 1			188,000.00		186,852.14			14-Apr-2005		5.950%		MD - 80.00%		Paid Off - 360		01-Nov-2004

11043077 1			158,204.00		157,354.86			07-Apr-2005		6.625%		NV - 67.32%		Paid Off - 360		01-Nov-2004

11044746 1			338,300.00		336,964.44			29-Apr-2005		7.250%		NY - 85.00%		Paid Off - 360		01-Dec-2004

11045366 1			264,400.00		263,080.53			20-Apr-2005		7.000%		NY - 80.00%		Paid Off - 360		01-Nov-2004

11045367 1			49,575.00		48,963.97			20-Apr-2005		11.990%		NY - 15.00%		Paid Off - 180		01-Nov-2004

11047011 2			520,000.00		517,029.29			19-Apr-2005		6.300%		TX - 80.00%		Paid Off - 360		01-Nov-2004

11047943 1			293,400.00		292,181.01			20-Apr-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11048832 1			384,000.00		382,694.40			25-Apr-2005		8.000%		NY - 80.00%		Paid Off - 360		01-Dec-2004

11051013 2			131,575.00		131,575.00			20-Apr-2005		8.750%		AZ - 95.00%		Paid Off - 360		01-Dec-2004

11051248 2			350,000.00		348,359.71			08-Apr-2005		7.500%		CA - 88.83%		Paid Off - 360		01-Nov-2004

11051755 1			50,000.00		49,780.26			04-Apr-2005		6.701%		MD - 37.04%		Paid Off - 360		01-Dec-2004

11051889 1			288,000.00		286,840.41			26-Apr-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11053096 1			84,999.00		84,683.86			06-Apr-2005		8.490%		CA - 85.00%		Paid Off - 360		01-Nov-2004

11053795 1			311,200.00		310,059.45			21-Apr-2005		7.625%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11053796 2			77,800.00		77,654.84			21-Apr-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11054106 2			440,000.00		438,305.29			14-Apr-2005		7.375%		NJ - 80.00%		Paid Off - 360		01-Dec-2004

11055415 1			60,000.00		59,757.24			28-Apr-2005		7.125%		NC - 80.00%		Paid Off - 360		01-Dec-2004

11055416 1			15,000.00		14,971.25			28-Apr-2005		10.750%		NC - 20.00%		Paid Off - 180		01-Dec-2004

11056364 1			45,750.00		45,647.13			13-Apr-2005		10.875%		CA - 15.00%		Paid Off - 180		01-Nov-2004

11057373 1			207,100.00		206,626.78			22-Apr-2005		9.925%		FL - 95.00%		Paid Off - 360		01-Dec-2004

11057459 1			340,000.00		338,555.32			07-Apr-2005		6.875%		NJ - 85.00%		Paid Off - 360		01-Dec-2004

11057472 2			366,300.00		364,516.18			04-Apr-2005		7.125%		CA - 90.00%		Paid Off - 360		01-Nov-2004




Page 18 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11057791 1			180,000.00		179,303.09			01-Apr-2005		7.375%		CA - 90.00%		Paid Off - 360		01-Dec-2004


11057819 2			204,000.00		203,259.74			20-Apr-2005		7.675%		NV - 85.00%		Paid Off - 360		01-Dec-2004

11058587 1			305,000.00		303,704.07			25-Apr-2005		6.875%		DC - 74.39%		Paid Off - 360		01-Dec-2004

11058882 1			219,200.00		218,046.00			21-Apr-2005		6.725%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11058893 1			54,800.00		54,676.79			21-Apr-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11058957 2			480,250.00		478,771.58			13-Apr-2005		8.490%		CA - 85.00%		Paid Off - 360		01-Dec-2004

11058970 1			224,250.00		223,525.11			06-Apr-2005		8.250%		CA - 75.00%		Paid Off - 360		01-Dec-2004

11059359 2			412,000.00		410,373.45			08-Apr-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11059516 2			400,000.00		398,338.16			01-Apr-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11059851 1			200,000.00		198,994.49			29-Apr-2005		6.000%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11059854 1			50,000.00		49,861.09			29-Apr-2005		8.990%		MD - 20.00%		Paid Off - 180		01-Dec-2004

11059911 2			103,000.00		102,780.34			08-Apr-2005		10.250%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11059924 1			180,000.00		179,225.34			12-Apr-2005		7.750%		NJ - 80.00%		Paid Off - 360		01-Nov-2004

11060033 1			168,000.00		168,000.00			01-Apr-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11060034 1			31,500.00		31,441.23			01-Apr-2005		10.875%		CA - 15.00%		Paid Off - 180		01-Dec-2004

11060268 2			267,950.00		266,645.10			06-Apr-2005		7.125%		CA - 82.45%		Paid Off - 360		01-Nov-2004

11060744 1			315,000.00		313,525.66			14-Apr-2005		6.375%		NY - 90.00%		Paid Off - 360		01-Dec-2004

11061071 1			24,200.00		24,033.59			29-Apr-2005		12.500%		AZ - 15.13%		Paid Off - 240		01-Nov-2004

11061415 1			368,000.00		366,684.45			14-Apr-2005		7.750%		CA - 80.88%		Paid Off - 360		01-Dec-2004

11061488 1			300,000.00		298,814.65			01-Apr-2005		7.250%		CA - 68.97%		Paid Off - 360		01-Dec-2004

11061679 1			228,969.00		227,985.53			20-Apr-2005		7.250%		FL - 90.00%		Paid Off - 360		01-Dec-2004

11061758 1			144,000.00		142,592.28			21-Apr-2005		7.990%		AZ - 90.00%		Paid Off - 360		01-Dec-2004

11061849 1			260,000.00		260,000.00			15-Apr-2005		4.990%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11061851 1			48,750.00		48,592.43			15-Apr-2005		8.250%		CA - 15.00%		Paid Off - 180		01-Dec-2004

11062104 2			500,000.00		498,300.06			19-Apr-2005		8.000%		CA - 62.50%		Paid Off - 360		01-Dec-2004

11062248 1			27,000.00		26,928.94			26-Apr-2005		9.250%		AZ - 20.00%		Paid Off - 180		01-Dec-2004

11062437 1			126,000.00		125,448.78			11-Apr-2005		6.725%		MD - 84.56%		Paid Off - 360		01-Dec-2004

11062531 1			224,000.00		224,000.00			08-Apr-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11062532 1			56,000.00		55,886.79			08-Apr-2005		10.500%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11063058 2			191,000.00		190,413.23			15-Apr-2005		8.500%		FL - 69.96%		Paid Off - 360		01-Dec-2004

11063303 1			64,344.00		64,137.99			15-Apr-2005		8.500%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11064036 1			100,000.00		99,496.29			25-Apr-2005		5.990%		CA - 17.46%		Paid Off - 360		01-Dec-2004

11064184 1			324,000.00		322,469.19			04-Apr-2005		6.326%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11064185 2			81,000.00		80,817.46			06-Apr-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11064390 1			179,910.00		179,232.64			21-Apr-2005		7.490%		IL - 90.00%		Paid Off - 360		01-Dec-2004

11064486 1			199,500.00		198,341.21			26-Apr-2005		5.500%		CA - 66.50%		Paid Off - 360		01-Dec-2004

11064667 1			128,250.00		127,865.90			04-Apr-2005		8.625%		CT - 95.00%		Paid Off - 360		01-Dec-2004

11064816 2			612,000.00		609,583.88			25-Apr-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Dec-2004




Page 19 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11064955 1			172,593.00		171,929.57			15-Apr-2005		7.385%		IL - 90.00%		Paid Off - 360		01-Dec-2004


11065035 1			252,000.00		251,067.66			26-Apr-2005		8.500%		SC - 90.00%		Paid Off - 360		01-Nov-2004

11065062 1			160,000.00		159,389.79			20-Apr-2005		7.425%		CA - 76.92%		Paid Off - 360		01-Dec-2004

11065333 1			150,000.00		149,274.04			13-Apr-2005		6.200%		CA - 66.67%		Paid Off - 360		01-Dec-2004

11065625 1			166,500.00		166,001.37			20-Apr-2005		8.625%		FL - 90.00%		Paid Off - 360		01-Dec-2004

11065908 1			#######		304,667.80			21-Apr-2005		6.750%		NJ - 90.00%		Paid Off - 360		01-Dec-2004

11065959 2			110,000.00		109,739.19			14-Apr-2005		9.750%		NJ - 20.00%		Paid Off - 180		01-Dec-2004

11066602 1			200,000.00		199,302.71			13-Apr-2005		7.875%		NJ - 80.00%		Paid Off - 360		01-Dec-2004

11066606 1			50,000.00		49,929.03			13-Apr-2005		12.125%		NJ - 20.00%		Paid Off - 180		01-Dec-2004

11066761 1			339,915.00		338,103.48			05-Apr-2005		8.875%		MD - 85.00%		Paid Off - 360		01-Dec-2004

11067026 2			90,000.00		89,832.11			19-Apr-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11067028 2			360,000.00		358,011.66			18-Apr-2005		5.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11067396 1			308,750.00		307,698.15			12-Apr-2005		7.990%		CA - 95.00%		Paid Off - 360		01-Dec-2004

11068752 1			207,200.00		206,206.69			20-Apr-2005		6.250%		NV - 80.00%		Paid Off - 360		01-Dec-2004

11069034 2			446,250.00		444,792.84			08-Apr-2005		8.200%		CA - 75.00%		Paid Off - 360		01-Dec-2004

11069051 1			190,500.00		189,766.23			08-Apr-2005		7.375%		NY - 53.66%		Paid Off - 360		01-Dec-2004

11069211 1			270,000.00		268,778.13			28-Apr-2005		6.550%		CA - 67.50%		Paid Off - 360		01-Dec-2004

11069673 2			137,560.00		137,195.22			06-Apr-2005		9.215%		FL - 80.00%		Paid Off - 360		01-Dec-2004

11069911 2			506,515.00		504,611.81			08-Apr-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Dec-2004

11069947 2			652,000.00		652,000.00			01-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11069948 2			163,000.00		162,633.41			01-Apr-2005		10.000%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11070645 2			393,750.00		391,950.83			11-Apr-2005		6.500%		CA - 79.71%		Paid Off - 360		01-Dec-2004

11070974 2			400,000.00		398,397.33			04-Apr-2005		7.175%		CA - 76.92%		Paid Off - 360		01-Dec-2004

11070975 2			120,000.00		119,776.12			04-Apr-2005		10.875%		CA - 23.08%		Paid Off - 180		01-Dec-2004

11071274 2			680,000.00		680,000.00			26-Apr-2005		5.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11071586 1			304,000.00		302,597.51			27-Apr-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11072458 1			71,315.00		71,067.90			12-Apr-2005		7.920%		IL - 85.00%		Paid Off - 360		01-Dec-2004

11073142 1			248,000.00		246,786.61			25-Apr-2005		6.500%		VA - 80.00%		Paid Off - 360		01-Dec-2004

11073441 1			345,600.00		344,058.52			29-Apr-2005		6.625%		CA - 84.29%		Paid Off - 360		01-Dec-2004

11073820 1			286,400.00		286,324.60			21-Apr-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11074022 2			383,750.00		381,727.41			27-Apr-2005		5.750%		CA - 72.41%		Paid Off - 360		01-Dec-2004

11074906 1			110,400.00		110,078.94			21-Apr-2005		7.650%		IL - 80.00%		Paid Off - 360		01-Jan-2005

11076390 1			225,000.00		224,179.77			29-Apr-2005		6.500%		CA - 70.31%		Paid Off - 360		01-Jan-2005

11077064 2			187,600.00		187,600.00			14-Apr-2005		8.825%		FL - 94.99%		Paid Off - 360		01-Dec-2004

11077561 2			440,000.00		440,000.00			19-Apr-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11077580 2			110,000.00		109,678.92			19-Apr-2005		8.750%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11077674 2			304,761.00		303,834.41			14-Apr-2005		8.551%		DC - 79.99%		Paid Off - 360		01-Dec-2004

11078035 2			375,520.00		374,143.92			25-Apr-2005		7.626%		TX - 80.00%		Paid Off - 360		01-Dec-2004




Page 20 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11078191 1			83,250.00		82,860.78			11-Apr-2005		6.875%		MI - 90.00%		Paid Off - 360		01-Jan-2005


11078369 1			265,500.00		264,227.22			05-Apr-2005		6.250%		CA - 82.97%		Paid Off - 360		01-Dec-2004

11079211 1			71,600.00		71,407.83			21-Apr-2005		10.125%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11080289 2			93,880.00		93,767.18			25-Apr-2005		12.875%		TX - 20.00%		Paid Off - 180		01-Dec-2004

11080586 1			345,600.00		345,600.00			05-Apr-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11080587 2			86,400.00		86,238.80			05-Apr-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11062850 1			19,500.00		19,470.24			29-Apr-2005		10.750%		CA - 15.00%		Repur/Subs - 180		01-Jan-2005



TOTAL			26,796,642.00		26,697,490.28



Page 21 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




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

Cumulative




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










Page 22 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


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


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


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












Page 23 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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 24 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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 25 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						3M Rolling Avg. Bal 60+ days includes BK, FC and REO								15,235,059.84
						Has sequential Trigger Event Occured(0=No,1=Yes)								0
						Ending Balance								1,080,591,733.09
						Prior Senior Enhancement Percentage								20.5602%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Basis Risk CarryForward Amount paid														0.00
Excess Reserve Fund Account Balance														0.00
Basis Risk CarryForward Amount unpaid														0.00


Current Custodian Fee Rate														0.000145%




Page 26 of 27
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

May 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current Scheduled Payments										2,967,550.90		4,315,695.32		7,283,246.22
Current Scheduled Payments 1 Month Prior										3,052,473.44		4,402,787.10		7,455,260.54
Current Scheduled Payments 2 Month Prior										3,099,940.61		4,454,440.35		7,554,380.97
Current Scheduled Payments 3 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 4 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 5 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 6 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 7 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior										0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans										101,983.79		62,449.95		164,433.73
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior										81,293.13		62,771.67		144,064.80
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior										15,773.94		5,673.20		21,447.13
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior										0.00		0.00		0.00




Page 27 of 27

Morgan Stanley ABS Capital I Inc. Trust 2005-WMC1 8-K