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


                                        FORM 8-K


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

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

              GS Mortgage Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as January 1, 2005,
               providing for the issuance of GSAMP Trust 2005-HE1 Mortgage
                      Pass-Through Certificates Series 2005-HE1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-120274-04                          13-3387389
          (Commission File Number)        (I.R.S. Employer Identification No.)


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


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


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

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

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

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

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

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


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     May 25, 2005.

                                    Signatures

               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.

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


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


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of May 25, 2005.



GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Goldman Sachs & Co.						1. Certificate Payment Report					2
				Goldman Sachs & Co.						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)						11. Realized Loss Detail Report					25
				Servicer(s)						12. Triggers and Adj. Cert. Report					26
				Chase Manhattan Mortgage						12. Triggers and Adj. Cert. Report					26
				Chase Manhattan Mortgage						13. Other Related Information					27
				Countrywide Funding Corporation						13. Other Related Information					27
				Countrywide Funding Corporation
				Ocwen Federal


				Underwriter(s)
				Goldman Sachs & Co.


										Total Number of Pages					27
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			January 01, 2005			Hang Luu
				Close Date:			January 27, 2005			Administrator
				First Distribution Date:			February 25, 2005			(714) 247-6000
										hang-thai.luu@db.com
										hang-thai.luu@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			May 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			April 29, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							May 24, 2005
							May 24, 2005

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






Page 1 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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


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

A-1A	FLT	$	248,741,000.00		228,585,663.29		622,719.09		8,301,446.10		8,924,165.19		0.00		0.00		220,284,217.19
A-1A	FLT	$	248,741,000.00		228,585,663.29		622,719.09		8,301,446.10		8,924,165.19		0.00		0.00		220,284,217.19
A-1B	FLT	$	62,185,000.00		57,146,186.07		160,439.98		2,075,353.18		2,235,793.16		0.00		0.00		55,070,832.89
A-2A	FLT	$	91,591,000.00		78,576,226.18		206,858.65		5,877,119.47		6,083,978.12		0.00		0.00		72,699,106.71
A-2B	FLT	$	49,331,000.00		49,331,000.00		134,799.79		0.00		134,799.79		0.00		0.00		49,331,000.00
A-2C	FLT	$	25,890,000.00		25,890,000.00		73,334.17		0.00		73,334.17		0.00		0.00		25,890,000.00
A-2D	FLT	$	147,210,000.00		135,724,586.17		372,005.93		5,186,501.92		5,558,507.85		0.00		0.00		130,538,084.25
M-1	MEZ	$	54,086,000.00		54,086,000.00		158,607.22		0.00		158,607.22		0.00		0.00		54,086,000.00
M-2	MEZ	$	44,216,000.00		44,216,000.00		143,661.20		0.00		143,661.20		0.00		0.00		44,216,000.00
M-3	MEZ	$	11,844,000.00		11,844,000.00		40,159.50		0.00		40,159.50		0.00		0.00		11,844,000.00
B-1	SUB	$	12,238,000.00		12,238,000.00		47,102.92		0.00		47,102.92		0.00		0.00		12,238,000.00
B-2	SUB	$	9,475,000.00		9,475,000.00		37,257.75		0.00		37,257.75		0.00		0.00		9,475,000.00
B-3	SUB	$	7,896,000.00		7,896,000.00		37,626.91		0.00		37,626.91		0.00		0.00		7,896,000.00
B-4	SUB	$	9,475,000.00		9,475,000.00		47,361.55		0.00		47,361.55		0.00		0.00		9,475,000.00
X	EXE	$	15,396,748.31		15,396,707.59		1,935,975.58		0.00		1,935,975.58		0.00		0.00		15,396,707.59
P	SUB	$	0.00		0.00		488,118.31		0.00		488,118.31		0.00		0.00		0.00
UT-R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			789,574,748.31		739,880,369.30		4,506,028.55		21,440,420.67		25,946,449.22		0.00		0.00		718,439,948.63
Total




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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	04/25/05		05/24/05		A-Act/360		36242DRT2		248,741,000.00		918.970589		2.503484		33.373855		35.877339	885.596734
A-1B	04/25/05		05/24/05		A-Act/360		36242DRU9		62,185,000.00		918.970589		2.580043		33.373855		35.953898	885.596734
A-2A	04/25/05		05/24/05		A-Act/360		36242DRV7		91,591,000.00		857.903355		2.258504		64.166998		66.425502	793.736357
A-2B	04/25/05		05/24/05		A-Act/360		36242DSH7		49,331,000.00		1,000.000000		2.732557		0.000000		2.732557	1,000.000000
A-2C	04/25/05		05/24/05		A-Act/360		36242DSJ3		25,890,000.00		1,000.000000		2.832529		0.000000		2.832529	1,000.000000
A-2D	04/25/05		05/24/05		A-Act/360		36242DSK0		147,210,000.00		921.979391		2.527043		35.231995		37.759037	886.747397
M-1	04/25/05		05/24/05		A-Act/360		36242DRW5		54,086,000.00		1,000.000000		2.932500		0.000000		2.932500	1,000.000000
M-2	04/25/05		05/24/05		A-Act/360		36242DRX3		44,216,000.00		1,000.000000		3.249077		0.000000		3.249077	1,000.000000
M-3	04/25/05		05/24/05		A-Act/360		36242DRY1		11,844,000.00		1,000.000000		3.390704		0.000000		3.390704	1,000.000000
B-1	04/25/05		05/24/05		A-Act/360		36242DRZ8		12,238,000.00		1,000.000000		3.848907		0.000000		3.848907	1,000.000000
B-2	04/25/05		05/24/05		A-Act/360		36242DSA2		9,475,000.00		1,000.000000		3.932216		0.000000		3.932216	1,000.000000
B-3	04/25/05		05/24/05		A-Act/360		36242DSB0		7,896,000.00		1,000.000000		4.765313		0.000000		4.765313	1,000.000000
B-4	04/25/05		05/24/05		A-30/360		36242DSC8		9,475,000.00		1,000.000000		4.998580		0.000000		4.998580	1,000.000000
X	04/25/05		05/24/05		A-30/360		36242DSD6		15,396,748.31		999.997355		125.739250		0.000000		125.739250	999.997355
P	04/25/05		05/24/05		A-30/360		36242DSE4		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
UT-R	04/25/05		05/24/05		A-30/360		36242DSF1		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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-1A	248,741,000.00		2,363,730.64		27,678,975.86		777,806.95		28,456,782.81		30,820,513.45		0.00		0.00		220,284,217.19
A-1B	62,185,000.00		610,521.05		6,919,716.15		194,450.95		7,114,167.11		7,724,688.16		0.00		0.00		55,070,832.89
A-2A	91,591,000.00		814,311.52		18,375,025.92		516,867.37		18,891,893.29		19,706,204.81		0.00		0.00		72,699,106.71
A-2B	49,331,000.00		490,229.65		0.00		0.00		0.00		490,229.65		0.00		0.00		49,331,000.00
A-2C	25,890,000.00		267,466.02		0.00		0.00		0.00		267,466.02		0.00		0.00		25,890,000.00
A-2D	147,210,000.00		1,412,663.49		16,215,785.23		456,130.52		16,671,915.75		18,084,579.24		0.00		0.00		130,538,084.25
M-1	54,086,000.00		580,027.31		0.00		0.00		0.00		580,027.31		0.00		0.00		54,086,000.00
M-2	44,216,000.00		529,249.28		0.00		0.00		0.00		529,249.28		0.00		0.00		44,216,000.00
M-3	11,844,000.00		148,367.60		0.00		0.00		0.00		148,367.60		0.00		0.00		11,844,000.00
B-1	12,238,000.00		175,363.96		0.00		0.00		0.00		175,363.96		0.00		0.00		12,238,000.00
B-2	9,475,000.00		138,877.13		0.00		0.00		0.00		138,877.13		0.00		0.00		9,475,000.00
B-3	7,896,000.00		141,612.84		0.00		0.00		0.00		141,612.84		0.00		0.00		7,896,000.00
B-4	9,475,000.00		189,486.55		0.00		0.00		0.00		189,486.55		0.00		0.00		9,475,000.00
X	15,396,748.31		9,599,917.61		0.00		0.00		40.72		9,599,958.33		0.00		0.00		15,396,707.59
P	0.00		1,450,898.26		0.00		0.00		0.00		1,450,898.26		0.00		0.00		0.00
UT-R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	789,574,748.31		18,912,722.91		69,189,503.16		1,945,255.79		71,134,799.68		90,047,522.59		0.00		0.00		718,439,948.63


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

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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.27000%		228,585,663.29		622,895.93		176.84		0.00		0.00		622,719.09		622,719.09		0.00
A-1B	3.37000%		57,146,186.07		160,485.54		45.56		0.00		0.00		160,439.98		160,439.98		0.00
A-2A	3.16000%		78,576,226.18		206,917.40		58.74		0.00		0.00		206,858.66		206,858.65		0.00
A-2B	3.28000%		49,331,000.00		134,838.07		38.28		0.00		0.00		134,799.79		134,799.79		0.00
A-2C	3.40000%		25,890,000.00		73,355.00		20.83		0.00		0.00		73,334.17		73,334.17		0.00
A-2D	3.29000%		135,724,586.17		372,111.57		105.64		0.00		0.00		372,005.93		372,005.93		0.00
M-1	3.52000%		54,086,000.00		158,652.27		45.04		0.00		0.00		158,607.23		158,607.22		0.00
M-2	3.90000%		44,216,000.00		143,702.00		40.80		0.00		0.00		143,661.20		143,661.20		0.00
M-3	4.07000%		11,844,000.00		40,170.90		11.40		0.00		0.00		40,159.50		40,159.50		0.00
B-1	4.62000%		12,238,000.00		47,116.30		13.38		0.00		0.00		47,102.92		47,102.92		0.00
B-2	4.72000%		9,475,000.00		37,268.33		10.58		0.00		0.00		37,257.75		37,257.75		0.00
B-3	5.72000%		7,896,000.00		37,637.60		10.69		0.00		0.00		37,626.91		37,626.91		0.00
B-4	6.00000%		9,475,000.00		47,375.00		13.45		0.00		0.00		47,361.55		47,361.55		0.00
X	150.88750%		15,396,707.59		0.00		0.00		0.00		0.00		0.00		1,935,975.58		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		488,118.31		0.00
UT-R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			739,880,369.30		2,082,525.91		591.23		0.00		0.00		2,081,934.68		4,506,028.55		0.00



Page 3 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										10,914,897.91		10,237,308.45		21,152,206.36
Principal Withdrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										10,914,897.91		10,237,308.45		21,152,206.36
Interest Collections										2,190,581.14		2,166,934.34		4,357,515.48
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Fees										-25,411.13		-25,979.80		-51,390.93
Interest Other Accounts														488,118.31
TOTAL NET INTEREST										2,165,170.01		2,140,954.54		4,794,242.86
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														25,946,449.22



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											233,624.50		236,011.09		469,635.59
Curtailments											89,500.58		9,300.41		98,800.99
Prepayments In Full											10,595,653.51		10,005,260.68		20,600,914.19
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											55,577.05		215,492.85		271,069.90
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-203,635.86		-204,544.53		-408,180.39
Realized Losses											-59,457.73		-228,756.58		-288,214.31
Advanced Principal											203,635.86		204,544.53		408,180.39
TOTAL PRINCIPAL COLLECTED											10,914,897.91		10,237,308.45		21,152,206.36


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 4 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,323,667.87		2,295,937.00		4,619,604.87
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										586.65		2,109.23		2,695.88
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-28,154.22		-24,485.53		-52,639.75
Delinquent Interest										-1,972,033.23		-1,939,337.94		-3,911,371.17
Compensating Interest										28,154.22		24,485.54		52,639.75
Civil Relief Act Shortfalls										-0.00		-591.24		-591.24
Interest Advanced										1,838,359.84		1,808,817.28		3,647,177.12
TOTAL INTEREST COLLECTED										2,190,581.14		2,166,934.34		4,357,515.48


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
Non-Recoverable Advances										0.00		0.00		0.00
Reimbursements to Master Servicer										0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														488,118.31
Interest Cap Payment														0.00
TOTAL INTEREST OTHER ACCOUNTS														488,118.31



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										23,549.98		24,141.55		47,691.53
Trustee Fees										1,861.15		1,838.25		3,699.40
TOTAL INTEREST FEES										25,411.13		25,979.80		51,390.93




Page 5 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
ACCOUNTS
										Group 2		Group 1		Total
Beginning Excess Reserve Fund Account Balance														0.00
Basis Risk CarryOver Deposit														0.00
Interest Cap Payment Deposit														0.00
Basis Risk CarryOver Amount Paid														0.00
Interest Cap Pmt Amount Released to Class X														0.00
Ending Excess Reserve Fund Account Balance														0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralized Amount														15,396,707.59
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														288,214.31
Overcollateralization Target Amount														15,396,707.59





Page 6 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,324		2,699		5,023
Prior										2,198		2,552		4,750
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-56		-61		-117
Repurchases										-0		-0		-0
Liquidations										-3		-10		-13
Current										2,139		2,481		4,620
Principal Balance:


Original										396,743,119.54		392,831,628.77		789,574,748.31
Prior										372,230,281.14		367,650,088.16		739,880,369.30
Prefunding										0.00		0.00		0.00
Scheduled Principal										-233,624.50		-236,011.09		-469,635.59
Partial Prepayments										-89,500.58		-9,300.41		-98,800.99
Full Voluntary Prepayments										-10,595,653.51		-10,005,260.68		-20,600,914.19
Repurchases										-0.00		-0.00		-0.00
Liquidations										-55,577.05		-215,492.85		-271,069.90
Current										361,255,925.50		357,184,023.13		718,439,948.63





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.51093%		7.54068%		7.52573%
Weighted Average Coupon Prior										7.50009%		7.52238%		7.51115%
Weighted Average Coupon Current										7.49105%		7.51654%		7.50371%
Weighted Average Months to Maturity Original										350		350		350
Weighted Average Months to Maturity Prior										347		348		348
Weighted Average Months to Maturity Current										346		347		347
Weighted Avg Remaining Amortization Term Original										350		350		350
Weighted Avg Remaining Amortization Term Prior										347		348		348
Weighted Avg Remaining Amortization Term Current										346		347		347
Weighted Average Seasoning Original										5.10		4.98		5.04
Weighted Average Seasoning Prior										7.09		6.96		7.03
Weighted Average Seasoning Current										8.07		7.96		8.02









Page 8 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										6.95844%		6.94757%		6.95298%
Weighted Average Margin Prior										6.95392%		6.94253%		6.94820%
Weighted Average Margin Current										6.95205%		6.94299%		6.94750%
Weighted Average Max Rate Original										14.29522%		14.30112%		14.29818%
Weighted Average Max Rate Prior										14.27866%		14.28025%		14.27946%
Weighted Average Max Rate Current										14.27061%		14.27907%		14.27486%
Weighted Average Min Rate Original										7.33875%		7.35674%		7.34778%
Weighted Average Min Rate Prior										7.32377%		7.33613%		7.32997%
Weighted Average Min Rate Current										7.31649%		7.33464%		7.32562%
Weighted Average Cap Up Original										1.25838%		1.24206%		1.25019%
Weighted Average Cap Up Prior										1.25800%		1.24101%		1.24948%
Weighted Average Cap Up Current										1.25851%		1.24101%		1.24971%
Weighted Average Cap Down Original										1.25838%		1.24206%		1.25019%
Weighted Average Cap Down Prior										1.25800%		1.24101%		1.24948%
Weighted Average Cap Down Current										1.25851%		1.24101%		1.24971%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										23,549.98		24,141.55		47,691.53
Delinquent Servicing Fees										131,545.97		128,773.86		260,319.83
TOTAL SERVICING FEES										155,008.19		153,116.12		308,124.31


Total Servicing Fees										155,008.19		153,116.12		308,124.31
Compensating Interest										-28,154.22		-24,485.54		-52,639.75
Delinquent Servicing Fees										-131,545.97		-128,773.86		-260,319.83
COLLECTED SERVICING FEES										23,549.98		24,141.55		-4,835.28


Total Advanced Interest										1,838,359.84		1,808,817.28		3,647,177.12
Total Advanced Principal										203,635.86		204,544.53		408,180.39
Aggregate Advances with respect to this Distribution										2,041,995.70		2,013,361.81		4,055,357.51





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										28,154.22		24,485.53		52,639.75
Compensating Interest										-28,154.22		-24,485.54		-52,639.75
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Ending Pool Stated Principal Balance										361,255,925.50		357,184,023.13		718,439,948.63
Weighted Average Net Mortgage Rate										6.980098%		6.988018%		6.984034%




Page 9 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				16,340,294.24		8,076,389.10		4,803,458.11		29,220,141.45
			% Balance				2.27%		1.12%		0.67%		4.07%
			# Loans				115		47		54		216
			% # Loans				2.49%		1.02%		1.17%		4.68%
	FORECLOSURE		Balance		0.00		0.00		0.00		7,115,190.17		7,115,190.17
			% Balance		0.00%		0.00%		0.00%		0.99%		0.99%
			# Loans		0		0		0		35		35
			% # Loans		0.00%		0.00%		0.00%		0.76%		0.76%
	BANKRUPTCY		Balance		573,700.95		215,734.17		123,111.00		592,861.55		1,505,407.67
			% Balance		0.08%		0.03%		0.02%		0.08%		0.21%
			# Loans		5		3		1		8		17
			% # Loans		0.11%		0.06%		0.02%		0.17%		0.37%
	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		573,700.95		16,556,028.41		8,199,500.10		12,511,509.83		37,840,739.29
			% Balance		0.08%		2.30%		1.14%		1.74%		5.27%
			# Loans		5		118		48		97		268
			% # Loans		0.11%		2.55%		1.04%		2.10%		5.80%









Page 10 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,801,013.86		3,576,457.14		2,120,456.54		14,497,927.54
			% Balance				2.46%		1.00%		0.59%		4.06%
			# Loans				62		23		25		110
			% # Loans				2.50%		0.93%		1.01%		4.43%
	FORECLOSURE		Balance		0.00		0.00		0.00		4,200,693.50		4,200,693.50
			% Balance		0.00%		0.00%		0.00%		1.18%		1.18%
			# Loans		0		0		0		21		21
			% # Loans		0.00%		0.00%		0.00%		0.85%		0.85%
	BANKRUPTCY		Balance		131,339.80		85,919.86		123,111.00		429,420.61		769,791.27
			% Balance		0.04%		0.02%		0.03%		0.12%		0.22%
			# Loans		2		1		1		4		8
			% # Loans		0.08%		0.04%		0.04%		0.16%		0.32%
	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		131,339.80		8,886,933.72		3,699,568.14		6,750,570.65		19,468,412.31
			% Balance		0.04%		2.49%		1.04%		1.89%		5.45%
			# Loans		2		63		24		50		139
			% # Loans		0.08%		2.54%		0.97%		2.02%		5.60%










Page 11 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,539,280.38		4,499,931.96		2,683,001.57		14,722,213.91
			% Balance				2.09%		1.25%		0.74%		4.08%
			# Loans				53		24		29		106
			% # Loans				2.48%		1.12%		1.36%		4.96%
	FORECLOSURE		Balance		0.00		0.00		0.00		2,914,496.67		2,914,496.67
			% Balance		0.00%		0.00%		0.00%		0.81%		0.81%
			# Loans		0		0		0		14		14
			% # Loans		0.00%		0.00%		0.00%		0.65%		0.65%
	BANKRUPTCY		Balance		442,361.15		129,814.31		0.00		163,440.94		735,616.40
			% Balance		0.12%		0.04%		0.00%		0.05%		0.20%
			# Loans		3		2		0		4		9
			% # Loans		0.14%		0.09%		0.00%		0.19%		0.42%
	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		442,361.15		7,669,094.69		4,499,931.96		5,760,939.18		18,372,326.98
			% Balance		0.12%		2.12%		1.25%		1.59%		5.09%
			# Loans		3		55		24		47		129
			% # Loans		0.14%		2.57%		1.12%		2.20%		6.03%









Page 12 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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
1000001117 1
1000001117 1			175,750.00		175,745.92		01-Dec-2004		7.750%		CA - 95.00%		360		01-Aug-2004

3029404145 1			37,000.00		36,904.80		01-Sep-2004		11.625%		PA - 20.00%		360		01-Oct-2004
3029405078 1			177,600.00		176,770.09		01-Oct-2004		8.125%		VA - 80.00%		360		01-Dec-2004
3029405385 1			270,000.00		268,639.96		01-Nov-2004		7.750%		FL - 90.00%		360		01-Nov-2004
3058402966 1			107,100.00		106,514.31		01-Nov-2004		8.625%		NC - 90.00%		360		01-Sep-2004
3058403354 1			149,000.00		148,052.55		01-Dec-2004		7.875%		MI - 79.00%		360		01-Sep-2004
3076400694 1			183,000.00		181,228.85		01-Sep-2004		7.250%		IL - 99.00%		360		01-Jun-2004
3076401921 1			306,850.00		304,987.84		01-Dec-2004		7.500%		IL - 85.00%		360		01-Oct-2004
3076402078 1			292,000.00		290,755.81		01-Dec-2004		9.250%		MI - 100.00%		360		01-Oct-2004
5000094531 1			352,000.00		348,817.99		01-Oct-2004		7.600%		TX - 80.00%		360		01-Jun-2004
5000105348 1			238,500.00		236,817.92		01-Dec-2004		7.350%		MA - 87.00%		360		01-Sep-2004
5000109455 1			116,100.00		115,415.01		01-Dec-2004		8.250%		WI - 90.00%		360		01-Sep-2004
5240403505 1			167,850.00		166,551.34		01-Sep-2004		6.875%		CO - 80.00%		360		01-Sep-2004
5240403508 1			41,950.00		41,849.30		01-Oct-2004		12.500%		CO - 20.00%		180		01-Sep-2004
5243402973 1			310,000.00		308,388.80		01-Sep-2004		8.875%		CA - 80.00%		360		01-Sep-2004
5243403603 1			231,900.00		231,900.00		01-Dec-2004		7.250%		CA - 80.00%		360		01-Oct-2004
5255400864 1			174,000.00		173,043.32		01-Nov-2004		6.500%		WA - 98.00%		360		01-Dec-2004
5272400262 1			305,150.00		303,925.60		01-Oct-2004		8.875%		NV - 85.00%		360		01-Nov-2004
5277401711 1			221,000.00		220,033.71		01-Oct-2004		9.125%		IL - 85.00%		360		01-Oct-2004
5292400034 1			102,400.00		101,936.83		01-Nov-2004		7.500%		FL - 80.00%		360		01-Dec-2004
6000109542 1			264,000.00		262,413.55		01-Oct-2004		7.550%		GA - 80.00%		360		01-Oct-2004
80006073 2			112,000.00		110,991.03		01-Nov-2004		7.300%		CO - 80.00%		360		01-Jul-2004
80009317 2			102,400.00		101,596.03		01-Dec-2004		6.800%		MO - 80.00%		360		01-Sep-2004
80014625 2			84,000.00		83,627.54		01-Dec-2004		7.600%		TN - 77.00%		360		01-Dec-2004
1000189842 2			367,200.00		364,467.40		01-Nov-2004		6.450%		CA - 80.00%		360		01-Oct-2004
1000191010 2			181,600.00		180,600.07		01-Dec-2004		7.990%		WA - 80.00%		360		01-Oct-2004
3076402077 2			163,000.00		162,058.61		01-Nov-2004		7.750%		IL - 78.00%		360		01-Oct-2004
5000101410 2			51,300.00		51,021.03		01-Dec-2004		9.200%		IN - 90.00%		360		01-Aug-2004
5000109194 2			59,040.00		58,746.65		01-Dec-2004		8.500%		OK - 90.00%		360		01-Oct-2004
5225401044 2			245,000.00		243,765.86		01-Dec-2004		7.750%		WA - 70.00%		360		01-Nov-2004
5243404578 2			396,000.00		396,000.00		01-Oct-2004		6.500%		CA - 80.00%		360		01-Nov-2004
5243405529 2			500,000.00		500,000.00		01-Nov-2004		8.750%		AZ - 71.00%		360		01-Dec-2004
5282401493 2			150,300.00		149,523.87		01-Dec-2004		7.625%		IL - 90.00%		360		01-Nov-2004
6000100836 2			110,400.00		109,293.47		01-Dec-2004		6.600%		IL - 80.00%		360		01-Jul-2004
6000113361 2			405,600.00		402,805.11		01-Dec-2004		6.850%		GA - 80.00%		360		01-Oct-2004


TOTAL			7,150,990.00		7,115,190.17



Page 14 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										56		61		117
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										56		61		117
Curtailments Amount										89,500.58		9,300.41		98,800.99
Paid in Full Balance										10,595,653.51		10,005,260.68		20,600,914.19
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										10,685,154.09		10,014,561.09		20,699,715.18

Cumulative


Number of Paid in Full Loans										161		187		348
Number of Repurchased Loans										19		19		38
Total Number of Loans Prepaid in Full										180		206		386
Paid in Full Balance										31,084,065.70		31,466,291.24		62,550,356.94
Repurchased Loans Balance										2,739,434.05		2,820,527.53		5,559,961.58
Curtailments Amount										522,680.27		129,699.70		652,379.97
Total Prepayment Amount										34,346,180.02		34,416,518.47		68,762,698.49










Page 15 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										2.89%		2.78%		2.84%
3 Months Avg SMM										2.47%		2.46%		2.47%
12 Months Avg SMM										2.25%		2.29%		2.27%
Avg SMM Since Cut-off										2.25%		2.29%		2.27%


CPR										29.64%		28.74%		29.20%
3 Months Avg CPR										25.94%		25.82%		25.88%
12 Months Avg CPR										23.93%		24.25%		24.09%
Avg CPR Since Cut-off										23.93%		24.25%		24.09%


PSA										1,835.92%		1,804.44%		1,820.47%
3 Months Avg PSA Approximation										1,830.42%		1,853.16%		1,841.62%
12 Months Avg PSA Approximation										1,815.68%		1,874.00%		1,844.41%
Avg PSA Since Cut-off Approximation										1,815.68%		1,874.00%		1,844.42%










Page 16 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

80008251 1			247,860.00		246,378.51			21-Apr-2005		8.500%		CA - 85.00%		Paid Off - 360		01-Aug-2004
			247,860.00

80008476 1			108,000.00		107,572.08			29-Apr-2005		9.600%		FL - 80.00%		Paid Off - 360		01-Sep-2004
80008476 1					107,572.08			29-Apr-2005		9.600%		FL - 80.00%		Paid Off - 360		01-Sep-2004
80009846 1			79,500.00		79,222.60			19-Apr-2005		9.550%		NM - 75.00%		Paid Off - 360		01-Oct-2004
80009846 1					79,222.60			19-Apr-2005		9.550%		NM - 75.00%		Paid Off - 360		01-Oct-2004
80013851 1			288,000.00		286,764.01			30-Apr-2005		7.600%		CA - 90.00%		Paid Off - 360		01-Dec-2004
80013851 1					286,764.01			30-Apr-2005		7.600%		CA - 90.00%		Paid Off - 360		01-Dec-2004
80014091 2			213,750.00		212,935.67			13-Apr-2005		7.950%		CA - 95.00%		Paid Off - 360		01-Dec-2004
80014091 2					212,935.67			13-Apr-2005		7.950%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1000121974 2			412,000.00		404,154.66			26-Apr-2005		6.500%		CA - 61.00%		Paid Off - 360		01-Sep-2003
1000121974 2					404,154.66			26-Apr-2005		6.500%		CA - 61.00%		Paid Off - 360		01-Sep-2003
1000179357 2			312,300.00		310,717.81			28-Apr-2005		9.000%		CA - 90.00%		Paid Off - 360		01-Aug-2004
1000179357 2					310,717.81			28-Apr-2005		9.000%		CA - 90.00%		Paid Off - 360		01-Aug-2004
1000183923 1			225,000.00		223,634.51			19-Apr-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Sep-2004
1000183923 1					223,634.51			19-Apr-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Sep-2004
1000184891 1			150,000.00		149,174.03			05-Apr-2005		7.300%		FL - 75.00%		Paid Off - 360		01-Oct-2004
1000184891 1					149,174.03			05-Apr-2005		7.300%		FL - 75.00%		Paid Off - 360		01-Oct-2004
1000185613 1			210,000.00		208,771.34			28-Apr-2005		6.990%		CA - 68.00%		Paid Off - 360		01-Oct-2004
1000185613 1					208,771.34			28-Apr-2005		6.990%		CA - 68.00%		Paid Off - 360		01-Oct-2004
1000186168 1			132,000.00		131,491.97			19-Apr-2005		9.740%		CA - 69.00%		Paid Off - 360		01-Sep-2004
1000186168 1					131,491.97			19-Apr-2005		9.740%		CA - 69.00%		Paid Off - 360		01-Sep-2004
1000186218 2			165,000.00		164,201.09			28-Apr-2005		8.250%		CA - 75.00%		Paid Off - 360		01-Oct-2004
1000186218 2					164,201.09			28-Apr-2005		8.250%		CA - 75.00%		Paid Off - 360		01-Oct-2004
1000187668 1			204,000.00		203,996.44			20-Apr-2005		6.350%		CA - 85.00%		Paid Off - 360		01-Oct-2004
1000187668 1					203,996.44			20-Apr-2005		6.350%		CA - 85.00%		Paid Off - 360		01-Oct-2004
1000188686 1			235,000.00		234,061.90			05-Apr-2005		8.900%		CA - 66.00%		Paid Off - 360		01-Oct-2004
1000188686 1					234,061.90			05-Apr-2005		8.900%		CA - 66.00%		Paid Off - 360		01-Oct-2004
1000188845 1			250,000.00		248,775.34			27-Apr-2005		7.890%		CA - 33.00%		Paid Off - 360		01-Oct-2004
1000188845 1					248,775.34			27-Apr-2005		7.890%		CA - 33.00%		Paid Off - 360		01-Oct-2004
1000189606 2			433,500.00		431,041.73			29-Apr-2005		7.150%		MD - 85.00%		Paid Off - 360		01-Oct-2004
1000189606 2					431,041.73			29-Apr-2005		7.150%		MD - 85.00%		Paid Off - 360		01-Oct-2004
1000189643 1			187,103.00		185,840.66			19-Apr-2005		6.250%		CA - 84.00%		Paid Off - 360		01-Oct-2004
1000189643 1					185,840.66			19-Apr-2005		6.250%		CA - 84.00%		Paid Off - 360		01-Oct-2004
1000189772 1			303,960.00		302,004.94			20-Apr-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000189772 1					302,004.94			20-Apr-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000189881 2			113,040.00		112,509.03			01-Apr-2005		8.100%		MD - 90.00%		Paid Off - 360		01-Oct-2004
1000189881 2					112,509.03			01-Apr-2005		8.100%		MD - 90.00%		Paid Off - 360		01-Oct-2004
1000189891 1			75,990.00		75,212.69			20-Apr-2005		9.375%		CA - 20.00%		Paid Off - 240		01-Oct-2004
1000189891 1					75,212.69			20-Apr-2005		9.375%		CA - 20.00%		Paid Off - 240		01-Oct-2004
1000190243 2			188,000.00		187,257.14			18-Apr-2005		8.950%		MD - 80.00%		Paid Off - 360		01-Oct-2004
1000190243 2					187,257.14			18-Apr-2005		8.950%		MD - 80.00%		Paid Off - 360		01-Oct-2004
1000191373 1			207,200.00		206,320.49			27-Apr-2005		8.600%		CO - 80.00%		Paid Off - 360		01-Oct-2004
1000191373 1					206,320.49			27-Apr-2005		8.600%		CO - 80.00%		Paid Off - 360		01-Oct-2004
1000191693 1			216,000.00		214,425.86			04-Apr-2005		6.800%		CA - 82.00%		Paid Off - 360		01-Oct-2004
1000191693 1					214,425.86			04-Apr-2005		6.800%		CA - 82.00%		Paid Off - 360		01-Oct-2004
1000192181 1			216,000.00		216,000.00			07-Apr-2005		6.500%		CA - 71.00%		Paid Off - 360		01-Oct-2004
1000192181 1					216,000.00			07-Apr-2005		6.500%		CA - 71.00%		Paid Off - 360		01-Oct-2004
1000192766 1			136,500.00		135,833.19			15-Apr-2005		8.740%		MD - 65.00%		Paid Off - 360		01-Oct-2004
1000192766 1					135,833.19			15-Apr-2005		8.740%		MD - 65.00%		Paid Off - 360		01-Oct-2004
3027402565 1			140,800.00		139,629.42			07-Apr-2005		6.500%		FL - 80.00%		Paid Off - 360		01-Aug-2004
3027402565 1					139,629.42			07-Apr-2005		6.500%		FL - 80.00%		Paid Off - 360		01-Aug-2004
3027403643 1			96,000.00		95,325.74			12-Apr-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Sep-2004
3027403643 1					95,325.74			12-Apr-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Sep-2004
3027403645 2			24,000.00		23,933.02			12-Apr-2005		11.250%		FL - 20.00%		Paid Off - 180		01-Sep-2004
3027403645 2					23,933.02			12-Apr-2005		11.250%		FL - 20.00%		Paid Off - 180		01-Sep-2004
3027403897 2			34,000.00		955.32			12-Apr-2005		9.625%		FL - 20.00%		Paid Off - 180		01-Sep-2004
3027403897 2					955.32			12-Apr-2005		9.625%		FL - 20.00%		Paid Off - 180		01-Sep-2004
3027404083 2			18,300.00		18,182.64			13-Apr-2005		13.990%		PA - 20.00%		Paid Off - 240		01-Sep-2004
3027404083 2					18,182.64			13-Apr-2005		13.990%		PA - 20.00%		Paid Off - 240		01-Sep-2004
3027404973 2			43,000.00		42,700.00			20-Apr-2005		11.125%		FL - 22.00%		Paid Off - 240		01-Nov-2004
3027404973 2					42,700.00			20-Apr-2005		11.125%		FL - 22.00%		Paid Off - 240		01-Nov-2004
3029403796 2			72,000.00		51,932.46			19-Apr-2005		8.375%		FL - 100.00%		Paid Off - 360		01-Sep-2004
3029403796 2					51,932.46			19-Apr-2005		8.375%		FL - 100.00%		Paid Off - 360		01-Sep-2004
3029403866 1			180,200.00		179,206.73			22-Apr-2005		8.000%		MD - 85.00%		Paid Off - 360		01-Sep-2004
3029403866 1					179,206.73			22-Apr-2005		8.000%		MD - 85.00%		Paid Off - 360		01-Sep-2004
3029405133 1			56,800.00		56,589.87			06-Apr-2005		8.500%		WI - 80.00%		Paid Off - 360		01-Nov-2004
3029405133 1					56,589.87			06-Apr-2005		8.500%		WI - 80.00%		Paid Off - 360		01-Nov-2004
3029405323 2			132,200.00		131,659.59			26-Apr-2005		8.125%		NC - 90.00%		Paid Off - 360		01-Dec-2004
3029405323 2					131,659.59			26-Apr-2005		8.125%		NC - 90.00%		Paid Off - 360		01-Dec-2004
3029405403 1			174,000.00		173,602.42			18-Apr-2005		10.250%		FL - 100.00%		Paid Off - 360		01-Dec-2004
3029405403 1					173,602.42			18-Apr-2005		10.250%		FL - 100.00%		Paid Off - 360		01-Dec-2004
3029405436 2			99,500.00		99,085.99			06-Apr-2005		6.990%		FL - 51.00%		Paid Off - 360		01-Dec-2004
3029405436 2					99,085.99					6.990%		FL - 51.00%		Paid Off - 360



Page 18 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

3029405600 1			250,750.00		249,779.32			27-Apr-2005		8.375%		MD - 85.00%		Paid Off - 360		01-Dec-2004
			250,750.00

3058402866 2			188,000.00		186,712.48			21-Apr-2005		7.500%		VA - 59.00%		Paid Off - 360		01-Aug-2004
3058402866 2					186,712.48			21-Apr-2005		7.500%		VA - 59.00%		Paid Off - 360		01-Aug-2004
3058403100 1			38,200.00		38,133.67			26-Apr-2005		13.990%		RI - 20.00%		Paid Off - 180		01-Sep-2004
3058403100 1					38,133.67			26-Apr-2005		13.990%		RI - 20.00%		Paid Off - 180		01-Sep-2004
3058403698 2			98,400.00		97,708.74			26-Apr-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Sep-2004
3058403698 2					97,708.74			26-Apr-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Sep-2004
3058403700 1			24,600.00		24,358.81			26-Apr-2005		12.990%		FL - 20.00%		Paid Off - 360		01-Sep-2004
3058403700 1					24,358.81			26-Apr-2005		12.990%		FL - 20.00%		Paid Off - 360		01-Sep-2004
3058404221 1			66,750.00		66,475.25			19-Apr-2005		8.750%		MI - 79.00%		Paid Off - 360		01-Oct-2004
3058404221 1					66,475.25			19-Apr-2005		8.750%		MI - 79.00%		Paid Off - 360		01-Oct-2004
3058404643 2			92,000.00		91,676.60			22-Apr-2005		8.750%		IN - 77.00%		Paid Off - 360		01-Nov-2004
3058404643 2					91,676.60			22-Apr-2005		8.750%		IN - 77.00%		Paid Off - 360		01-Nov-2004
3058404726 2			470,000.00		467,449.97			19-Apr-2005		7.375%		MD - 80.00%		Paid Off - 360		01-Oct-2004
3058404726 2					467,449.97			19-Apr-2005		7.375%		MD - 80.00%		Paid Off - 360		01-Oct-2004
3058404802 2			160,000.00		159,495.74			04-Apr-2005		8.375%		MD - 80.00%		Paid Off - 360		01-Dec-2004
3058404802 2					159,495.74			04-Apr-2005		8.375%		MD - 80.00%		Paid Off - 360		01-Dec-2004
3058405315 2			388,000.00		388,000.00			14-Apr-2005		6.875%		MD - 80.00%		Paid Off - 360		01-Dec-2004
3058405315 2					388,000.00			14-Apr-2005		6.875%		MD - 80.00%		Paid Off - 360		01-Dec-2004
3058405595 2			156,800.00		156,149.84			29-Apr-2005		7.000%		VA - 80.00%		Paid Off - 360		01-Dec-2004
3058405595 2					156,149.84			29-Apr-2005		7.000%		VA - 80.00%		Paid Off - 360		01-Dec-2004
3058405597 1			39,200.00		39,104.57			29-Apr-2005		9.625%		VA - 20.00%		Paid Off - 360		01-Dec-2004
3058405597 1					39,104.57			29-Apr-2005		9.625%		VA - 20.00%		Paid Off - 360		01-Dec-2004
3063400382 1			149,000.00		148,627.58			28-Apr-2005		9.500%		FL - 100.00%		Paid Off - 360		01-Dec-2004
3063400382 1					148,627.58			28-Apr-2005		9.500%		FL - 100.00%		Paid Off - 360		01-Dec-2004
3076401637 2			115,000.00		114,284.68			05-Apr-2005		7.375%		IL - 66.00%		Paid Off - 360		01-Sep-2004
3076401637 2					114,284.68			05-Apr-2005		7.375%		IL - 66.00%		Paid Off - 360		01-Sep-2004
3076401642 1			276,000.00		274,404.38			27-Apr-2005		7.750%		IL - 80.00%		Paid Off - 360		01-Sep-2004
3076401642 1					274,404.38			27-Apr-2005		7.750%		IL - 80.00%		Paid Off - 360		01-Sep-2004
3076401643 2			51,750.00		51,611.64			27-Apr-2005		12.875%		IL - 15.00%		Paid Off - 360		01-Sep-2004
3076401643 2					51,611.64			27-Apr-2005		12.875%		IL - 15.00%		Paid Off - 360		01-Sep-2004
3076402465 2			13,600.00		13,578.44			18-Apr-2005		11.625%		IL - 20.00%		Paid Off - 360		01-Dec-2004
3076402465 2					13,578.44			18-Apr-2005		11.625%		IL - 20.00%		Paid Off - 360		01-Dec-2004
3083400159 1			90,500.00		89,966.08			28-Apr-2005		8.250%		RI - 65.00%		Paid Off - 360		01-Aug-2004
3083400159 1					89,966.08			28-Apr-2005		8.250%		RI - 65.00%		Paid Off - 360		01-Aug-2004
5000107825 1			18,000.00		17,872.26			18-Apr-2005		13.025%		OH - 20.00%		Paid Off - 240		01-Oct-2004
5000107825 1					17,872.26			18-Apr-2005		13.025%		OH - 20.00%		Paid Off - 240		01-Oct-2004
5000108709 1			50,000.00		48,014.34			27-Apr-2005		7.950%		AZ - 43.00%		Paid Off - 360		01-Oct-2004
5000108709 1					48,014.34			27-Apr-2005		7.950%		AZ - 43.00%		Paid Off - 360		01-Oct-2004
5000108882 2			324,000.00		322,444.32			01-Apr-2005		7.990%		NJ - 80.00%		Paid Off - 360		01-Oct-2004
5000108882 2					322,444.32			01-Apr-2005		7.990%		NJ - 80.00%		Paid Off - 360		01-Oct-2004
5000110373 1			114,300.00		113,694.89			19-Apr-2005		7.500%		WI - 90.00%		Paid Off - 360		01-Oct-2004
5000110373 1					113,694.89			19-Apr-2005		7.500%		WI - 90.00%		Paid Off - 360		01-Oct-2004
5000110746 1			40,780.00		40,650.77			28-Apr-2005		10.000%		MN - 20.00%		Paid Off - 360		01-Oct-2004
5000110746 1					40,650.77			28-Apr-2005		10.000%		MN - 20.00%		Paid Off - 360		01-Oct-2004
5000110749 2			474,750.00		469,941.31			18-Apr-2005		7.000%		VA - 90.00%		Paid Off - 360		01-Oct-2004
5000110749 2					469,941.31			18-Apr-2005		7.000%		VA - 90.00%		Paid Off - 360		01-Oct-2004
5000110771 1			208,000.00		207,143.74			05-Apr-2005		8.750%		IL - 80.00%		Paid Off - 360		01-Oct-2004
5000110771 1					207,143.74			05-Apr-2005		8.750%		IL - 80.00%		Paid Off - 360		01-Oct-2004
5000110930 1			134,550.00		133,978.82			13-Apr-2005		8.600%		VA - 65.00%		Paid Off - 360		01-Oct-2004
5000110930 1					133,978.82			13-Apr-2005		8.600%		VA - 65.00%		Paid Off - 360		01-Oct-2004
5000111623 1			244,000.00		242,708.35			18-Apr-2005		7.500%		MN - 80.00%		Paid Off - 360		01-Oct-2004
5000111623 1					242,708.35			18-Apr-2005		7.500%		MN - 80.00%		Paid Off - 360		01-Oct-2004
5240402133 2			400,000.00		399,897.08			27-Apr-2005		6.500%		CA - 67.00%		Paid Off - 360		01-Jul-2004
5240402133 2					399,897.08			27-Apr-2005		6.500%		CA - 67.00%		Paid Off - 360		01-Jul-2004
5240402869 1			20,000.00		19,927.67			22-Apr-2005		10.625%		CA - 18.00%		Paid Off - 360		01-Aug-2004
5240402869 1					19,927.67			22-Apr-2005		10.625%		CA - 18.00%		Paid Off - 360		01-Aug-2004
5240403987 2			484,000.00		484,000.00			20-Apr-2005		8.875%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5240403987 2					484,000.00			20-Apr-2005		8.875%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5240404008 2			121,000.00		120,735.83			20-Apr-2005		12.375%		CA - 20.00%		Paid Off - 360		01-Sep-2004
5240404008 2					120,735.83			20-Apr-2005		12.375%		CA - 20.00%		Paid Off - 360		01-Sep-2004
5240405013 1			169,600.00		168,342.53			15-Apr-2005		5.750%		CA - 74.00%		Paid Off - 360		01-Oct-2004
5240405013 1					168,342.53			15-Apr-2005		5.750%		CA - 74.00%		Paid Off - 360		01-Oct-2004
5240405333 2			276,000.00		274,181.81			26-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5240405333 2					274,181.81			26-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5240405588 2			209,600.00		209,600.00			15-Apr-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5240405588 2					209,600.00			15-Apr-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5240405821 1			228,800.00		228,799.96			19-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5240405821 1					228,799.96			19-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5240405828 1			84,000.00		83,979.70			29-Apr-2005		7.000%		CA - 67.00%		Paid Off - 360		01-Nov-2004
5240405828 1					83,979.70			29-Apr-2005		7.000%		CA - 67.00%		Paid Off - 360		01-Nov-2004
5240406399 1			87,000.00		86,782.64			21-Apr-2005		9.500%		CA - 20.00%		Paid Off - 360		01-Dec-2004
5240406399 1					86,782.64			21-Apr-2005		9.500%		CA - 20.00%		Paid Off - 360		01-Dec-2004
5243402605 2			116,000.00		115,928.96			13-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5243402605 2					115,928.96					6.875%		CA - 80.00%		Paid Off - 360



Page 19 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

5243402606 2			29,000.00		28,561.96			13-Apr-2005		10.000%		CA - 20.00%		Paid Off - 360		01-Oct-2004
			29,000.00

5243403884 1			234,000.00		232,514.75			14-Apr-2005		8.500%		CA - 68.00%		Paid Off - 360		01-Nov-2004
5243403884 1					232,514.75			14-Apr-2005		8.500%		CA - 68.00%		Paid Off - 360		01-Nov-2004
5243404897 1			200,000.00		198,977.28			21-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5243404897 1					198,977.28			21-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5243405051 1			275,000.00		275,000.00			19-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5243405051 1					275,000.00			19-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5243405325 1			268,000.00		268,000.00			11-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5243405325 1					268,000.00			11-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5243405386 1			252,000.00		250,914.80			13-Apr-2005		7.875%		CA - 70.00%		Paid Off - 360		01-Nov-2004
5243405386 1					250,914.80			13-Apr-2005		7.875%		CA - 70.00%		Paid Off - 360		01-Nov-2004
5243405391 1			92,000.00		91,613.86			11-Apr-2005		7.875%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
5243405391 1					91,613.86			11-Apr-2005		7.875%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
5243405392 2			23,000.00		22,954.82			12-Apr-2005		11.500%		AZ - 20.00%		Paid Off - 360		01-Nov-2004
5243405392 2					22,954.82			12-Apr-2005		11.500%		AZ - 20.00%		Paid Off - 360		01-Nov-2004
5246400499 1			328,000.00		325,804.70			22-Apr-2005		7.000%		CA - 78.00%		Paid Off - 360		01-Sep-2004
5246400499 1					325,804.70			22-Apr-2005		7.000%		CA - 78.00%		Paid Off - 360		01-Sep-2004
5246400538 2			340,000.00		337,940.79			07-Apr-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5246400538 2					337,940.79			07-Apr-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5248400389 2			66,000.00		65,296.74			29-Apr-2005		9.490%		AZ - 20.00%		Paid Off - 240		01-Oct-2004
5248400389 2					65,296.74			29-Apr-2005		9.490%		AZ - 20.00%		Paid Off - 240		01-Oct-2004
5254400426 2			318,250.00		316,668.18			#######		8.500%		CA - 95.00%		Paid Off - 360		01-Sep-2004
5254400426 2					316,668.18					8.500%		CA - 95.00%		Paid Off - 360		01-Sep-2004
5254400548 2			225,000.00		223,974.73			22-Apr-2005		8.250%		CA - 67.00%		Paid Off - 360		01-Oct-2004
5254400548 2					223,974.73			22-Apr-2005		8.250%		CA - 67.00%		Paid Off - 360		01-Oct-2004
5254400725 1			160,000.00		159,439.88			08-Apr-2005		9.625%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5254400725 1					159,439.88			08-Apr-2005		9.625%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5257401171 2			136,000.00		135,592.74			29-Apr-2005		8.625%		CO - 85.00%		Paid Off - 360		01-Dec-2004
5257401171 2					135,592.74			29-Apr-2005		8.625%		CO - 85.00%		Paid Off - 360		01-Dec-2004
5259400913 2			280,250.00		278,709.17			29-Apr-2005		6.500%		CA - 95.00%		Paid Off - 360		01-Nov-2004
5259400913 2					278,709.17			29-Apr-2005		6.500%		CA - 95.00%		Paid Off - 360		01-Nov-2004
5274400467 1			108,500.00		108,040.78			25-Apr-2005		8.625%		CA - 70.00%		Paid Off - 360		01-Oct-2004
5274400467 1					108,040.78			25-Apr-2005		8.625%		CA - 70.00%		Paid Off - 360		01-Oct-2004
5277401370 2			187,000.00		185,892.88			28-Apr-2005		7.625%		IL - 85.00%		Paid Off - 360		01-Sep-2004
5277401370 2					185,892.88			28-Apr-2005		7.625%		IL - 85.00%		Paid Off - 360		01-Sep-2004
5277401986 1			151,000.00		150,333.74			29-Apr-2005		7.625%		IL - 75.00%		Paid Off - 360		01-Nov-2004
5277401986 1					150,333.74			29-Apr-2005		7.625%		IL - 75.00%		Paid Off - 360		01-Nov-2004
6000109905 1			128,700.00		128,264.76			01-Apr-2005		9.700%		MD - 65.00%		Paid Off - 360		01-Oct-2004
6000109905 1					128,264.76			01-Apr-2005		9.700%		MD - 65.00%		Paid Off - 360		01-Oct-2004
6000110507 2			439,120.00		437,015.78			01-Apr-2005		8.000%		NY - 80.00%		Paid Off - 360		01-Oct-2004
6000110507 2					437,015.78			01-Apr-2005		8.000%		NY - 80.00%		Paid Off - 360		01-Oct-2004
6000110670 2			109,780.00		109,560.70			01-Apr-2005		12.150%		NY - 20.00%		Paid Off - 360		01-Oct-2004
6000110670 2					109,560.70			01-Apr-2005		12.150%		NY - 20.00%		Paid Off - 360		01-Oct-2004
6000110785 1			240,000.00		238,598.55			22-Apr-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Oct-2004
6000110785 1					238,598.55			22-Apr-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Oct-2004
6000111704 2			149,520.00		149,520.00			14-Apr-2005		7.900%		GA - 100.00%		Paid Off - 360		01-Oct-2004
6000111704 2					149,520.00			14-Apr-2005		7.900%		GA - 100.00%		Paid Off - 360		01-Oct-2004
6000112762 1			114,400.00		113,698.77			27-Apr-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Oct-2004
6000112762 1					113,698.77			27-Apr-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Oct-2004
6000112794 2			28,600.00		28,481.64			14-Apr-2005		8.725%		FL - 20.00%		Paid Off - 360		01-Oct-2004
6000112794 2					28,481.64			14-Apr-2005		8.725%		FL - 20.00%		Paid Off - 360		01-Oct-2004
6000113734 2			132,000.00		131,082.78			18-Apr-2005		6.100%		VA - 80.00%		Paid Off - 360		01-Oct-2004
6000113734 2					131,082.78			18-Apr-2005		6.100%		VA - 80.00%		Paid Off - 360		01-Oct-2004
7000113251 2			46,000.00		45,833.49			04-Apr-2005		9.375%		CA - 20.00%		Paid Off - 360		01-Oct-2004
7000113251 2					45,833.49			04-Apr-2005		9.375%		CA - 20.00%		Paid Off - 360		01-Oct-2004
7000113965 1			304,000.00		303,904.51			13-Apr-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Oct-2004
7000113965 1					303,904.51			13-Apr-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Oct-2004
7000114000 1			240,000.00		238,836.75			22-Apr-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Oct-2004
7000114000 1					238,836.75			22-Apr-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Oct-2004
7000114031 2			152,000.00		151,234.31			12-Apr-2005		7.750%		VA - 80.00%		Paid Off - 360		01-Oct-2004
7000114031 2					151,234.31			12-Apr-2005		7.750%		VA - 80.00%		Paid Off - 360		01-Oct-2004
7000114053 2			57,000.00		56,818.60			13-Apr-2005		9.990%		CA - 15.00%		Paid Off - 360		01-Oct-2004
7000114053 2					56,818.60			13-Apr-2005		9.990%		CA - 15.00%		Paid Off - 360		01-Oct-2004
7000114072 1			60,000.00		59,900.78			22-Apr-2005		13.000%		CA - 20.00%		Paid Off - 360		01-Oct-2004
7000114072 1					59,900.78			22-Apr-2005		13.000%		CA - 20.00%		Paid Off - 360		01-Oct-2004
7000115044 2			61,600.00		61,458.15			05-Apr-2005		11.500%		CA - 20.00%		Paid Off - 360		01-Oct-2004
7000115044 2					61,458.15			05-Apr-2005		11.500%		CA - 20.00%		Paid Off - 360		01-Oct-2004
8000013521 2			150,000.00		148,780.62			21-Apr-2005		8.700%		NJ - 80.00%		Paid Off - 360		01-Aug-2004
8000013521 2					148,780.62			21-Apr-2005		8.700%		NJ - 80.00%		Paid Off - 360		01-Aug-2004
8000016572 1			253,000.00		252,336.70			25-Apr-2005		10.900%		NY - 59.00%		Paid Off - 360		01-Oct-2004
8000016572 1					252,336.70			25-Apr-2005		10.900%		NY - 59.00%		Paid Off - 360		01-Oct-2004
8000018372 2			220,000.00		218,891.77			21-Apr-2005		7.750%		NJ - 100.00%		Paid Off - 360		01-Oct-2004
8000018372 2					218,891.77			21-Apr-2005		7.750%		NJ - 100.00%		Paid Off - 360		01-Oct-2004
8000018777 2			156,600.00		155,779.18			29-Apr-2005		7.550%		NJ - 90.00%		Paid Off - 360		01-Oct-2004
8000018777 2					155,779.18					7.550%		NJ - 90.00%		Paid Off - 360



Page 20 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

8000019038 2			113,600.00		113,050.11			27-Apr-2005		7.950%		NJ - 80.00%		Paid Off - 360		01-Oct-2004
			113,600.00

8000020062 2			486,000.00		483,595.39			07-Apr-2005		7.840%		NJ - 90.00%		Paid Off - 360		01-Oct-2004
8000020062 2					483,595.39			07-Apr-2005		7.840%		NJ - 90.00%		Paid Off - 360		01-Oct-2004
8000020109 1			186,500.00		186,500.00			28-Apr-2005		7.100%		NJ - 82.00%		Paid Off - 360		01-Oct-2004
8000020109 1					186,500.00			28-Apr-2005		7.100%		NJ - 82.00%		Paid Off - 360		01-Oct-2004
8000020873 2			397,000.00		394,295.39			21-Apr-2005		6.200%		NY - 84.00%		Paid Off - 360		01-Oct-2004
8000020873 2					394,295.39			21-Apr-2005		6.200%		NY - 84.00%		Paid Off - 360		01-Oct-2004


TOTAL			20,751,853.00		20,600,914.19
TOTAL


Page 21 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



Number of Loans Liquidated										3		10		13
Collateral Principal Realized Loss/(Gain) Amount										59,457.73		228,756.58		288,214.31
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										(3,880.68)		(13,263.73)		(17,144.41)

Cumulative
Cumulative



Number of Loans Liquidated										5		12		17
Collateral Realized Loss/(Gain) Amount										138,703.84		277,537.10		416,240.94
Net Liquidation Proceeds										32,510.15		(15,985.78)		16,524.37










Page 22 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.01%		0.06%		0.04%
3 Months Avg MDR										0.01%		0.02%		0.02%
12 Months Avg MDR										0.01%		0.02%		0.01%
Avg MDR Since Cut-off										0.01%		0.02%		0.01%


CDR										0.18%		0.70%		0.44%
3 Months Avg CDR										0.18%		0.28%		0.23%
12 Months Avg CDR										0.13%		0.21%		0.17%
Avg CDR Since Cut-off										0.13%		0.21%		0.17%


SDA										1.11%		4.40%		2.74%
3 Months Avg SDA Approximation										1.24%		2.01%		1.62%
12 Months Avg SDA Approximation										1.00%		1.62%		1.31%
Avg SDA Since Cut-off Approximation										1.00%		1.62%		1.31%


Loss Severity Approximation for Current Period										106.98%		106.16%		106.32%
3 Months Avg Loss Severity Approximation										79.03%		70.69%		78.93%
12 Months Avg Loss Severity Approximation										59.27%		53.02%		59.19%
Avg Loss Severity Approximation Since Cut-off										59.27%		53.02%		59.19%












Page 23 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

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

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
1000152486 1
1000152486 1			10.490%		FL - 5.00%		120		9,277.12				9,277.12		0.00

1000188658 1			10.900%		CA - 20.00%		360		31,940.62				31,940.62		0.00
5000109692 1			11.625%		MT - 5.00%		60		5,528.00				5,528.00		0.00
5000109771 1			11.500%		GA - 20.00%		360		30,350.48				30,350.48		0.00
5000110274 1			11.500%		TX - 20.00%		240		39,323.47				39,323.47		0.00
5000110565 1			12.990%		TX - 20.00%		240		22,099.73				22,099.73		0.00
6000102895 1			12.125%		GA - 20.00%		240		43,625.74				43,625.74		0.00
6000110045 1			12.250%		FL - 5.00%		120		8,754.31				8,754.31		0.00
6000114499 1			12.250%		SC - 5.00%		120		6,846.94				6,846.94		0.00
8000012381 1			11.999%		NY - 5.00%		120		17,746.44				17,746.44		0.00
5000112035 2			13.025%		GA - 20.00%		360		31,563.25				31,563.25		0.00
6000110620 2			12.250%		MA - 5.00%		180		18,810.47				18,810.47		0.00
6000110743 2			11.999%		GA - 5.00%		60		5,203.33				5,203.33		0.00


TOTAL									271,069.90			271,069.90		0.00



Page 25 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Optional Termination in Effect (0=No,1=Yes)								0

						Has a Stepdown Date Occurred? (0=No,1=Yes)								0

						Does a Trigger Event Exist? (0=No,1=Yes)								0

						A Trigger Event Exists if either (i) or (ii) are true

						(i) The quotient of ( (1)/(2) > (3) )
						(1) 60+ Day Rolling Delinquency Balance								18,838,670.99
						(2) Stated Principal Balance								718,439,948.63
						60+ Day Delinquency % ( (1)/(2) )								2.62%
						(3) 37% of Senior Enhancement %								8.48%

						(ii) The quotient of ( (4)/(5) > (6))
						(4) Aggregate Cumulative Realized Loss								416,240.94
						(5) Cutoff Date Pool Principal Balance								502,868,307.00
						Trigger Event Loss % ( (4)/(5) )								0.00%
						(6) Applicable Loss %								0.00%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Net Monthly Excess Cashflow														1,935,975.58
Net Monthly Excess Cashflow Alloc to Losses														0.00
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00

Current LIBOR Rate														3.020000%
Next LIBOR Rate														3.090000%




Page 26 of 27
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

May 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current Scheduled Payments														5,089,240.47
Current Scheduled Payments 1 Month Prior														5,232,347.12
Current Scheduled Payments 2 Month Prior														5,325,868.77
Current Scheduled Payments 3 Month Prior														5,436,164.64
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

Delinquent 60+ Scheduled Payments														158,710.81
Delinq. 60+ Sched. Pmnts, 1 Month Prior														140,012.50
Delinq. 60+ Sched. Pmnts, 2 Month Prior														117,495.14
Delinq. 60+ Sched. Pmnts, 3 Month Prior														55,745.44
Delinq. 60+ Sched. Pmnts, 4 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 5 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 6 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 7 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 8 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 9 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 10 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 11 Month Prior														0.00




Page 27 of 27

GS Mortgage GSAMP Trust 2005-HE1 8-K