
                                     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):  June 27, 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
     June 27, 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 30, 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 June 27, 2005.



GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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					16
										9. Prepayment Detail Report					19
										9. Prepayment Detail Report					19
										10. Realized Loss Report					23
										11. Realized Loss Detail Report					26
				Servicer(s)						11. Realized Loss Detail Report					26
				Servicer(s)						12. Triggers and Adj. Cert. Report					27
				Chase Manhattan Mortgage						12. Triggers and Adj. Cert. Report					27
				Chase Manhattan Mortgage						13. Other Related Information					28
				Countrywide Funding Corporation						13. Other Related Information					28
				Countrywide Funding Corporation
				Ocwen Federal


				Underwriter(s)
				Goldman Sachs & Co.


										Total Number of Pages					28
										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:			June 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			May 31, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							June 24, 2005
							June 24, 2005

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






Page 1 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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		220,284,217.19		674,349.29		7,404,576.97		8,078,926.26		0.00		0.00		212,879,640.22
A-1A	FLT	$	248,741,000.00		220,284,217.19		674,349.29		7,404,576.97		8,078,926.26		0.00		0.00		212,879,640.22
A-1B	FLT	$	62,185,000.00		55,070,832.89		173,634.15		1,851,136.80		2,024,770.95		0.00		0.00		53,219,696.09
A-2A	FLT	$	91,591,000.00		72,699,106.71		215,221.99		6,773,434.97		6,988,656.96		0.00		0.00		65,925,671.74
A-2B	FLT	$	49,331,000.00		49,331,000.00		151,467.61		0.00		151,467.61		0.00		0.00		49,331,000.00
A-2C	FLT	$	25,890,000.00		25,890,000.00		82,341.08		0.00		82,341.08		0.00		0.00		25,890,000.00
A-2D	FLT	$	147,210,000.00		130,538,084.25		402,005.10		5,977,491.80		6,379,496.90		0.00		0.00		124,560,592.45
M-1	MEZ	$	54,086,000.00		54,086,000.00		177,964.91		0.00		177,964.91		0.00		0.00		54,086,000.00
M-2	MEZ	$	44,216,000.00		44,216,000.00		160,888.50		0.00		160,888.50		0.00		0.00		44,216,000.00
M-3	MEZ	$	11,844,000.00		11,844,000.00		44,942.14		0.00		44,942.14		0.00		0.00		11,844,000.00
B-1	SUB	$	12,238,000.00		12,238,000.00		52,606.37		0.00		52,606.37		0.00		0.00		12,238,000.00
B-2	SUB	$	9,475,000.00		9,475,000.00		41,597.74		0.00		41,597.74		0.00		0.00		9,475,000.00
B-3	SUB	$	7,896,000.00		7,896,000.00		41,902.58		0.00		41,902.58		0.00		0.00		7,896,000.00
B-4	SUB	$	9,475,000.00		9,475,000.00		47,368.85		0.00		47,368.85		0.00		0.00		9,475,000.00
X	EXE	$	15,396,748.31		15,396,707.59		1,882,945.69		0.00		1,882,945.69		0.00		0.00		15,396,707.59
P	SUB	$	0.00		0.00		503,470.62		0.00		503,470.62		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		718,439,948.63		4,652,706.62		22,006,640.54		26,659,347.16		0.00		0.00		696,433,308.09
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	05/25/05		06/26/05		A-Act/360		36242DRT2		248,741,000.00		885.596734		2.711050		29.768221		32.479271	855.828513
A-1B	05/25/05		06/26/05		A-Act/360		36242DRU9		62,185,000.00		885.596734		2.792219		29.768221		32.560440	855.828513
A-2A	05/25/05		06/26/05		A-Act/360		36242DRV7		91,591,000.00		793.736357		2.349816		73.953063		76.302879	719.783295
A-2B	05/25/05		06/26/05		A-Act/360		36242DSH7		49,331,000.00		1,000.000000		3.070435		0.000000		3.070435	1,000.000000
A-2C	05/25/05		06/26/05		A-Act/360		36242DSJ3		25,890,000.00		1,000.000000		3.180420		0.000000		3.180420	1,000.000000
A-2D	05/25/05		06/26/05		A-Act/360		36242DSK0		147,210,000.00		886.747397		2.730827		40.605202		43.336029	846.142194
M-1	05/25/05		06/26/05		A-Act/360		36242DRW5		54,086,000.00		1,000.000000		3.290406		0.000000		3.290406	1,000.000000
M-2	05/25/05		06/26/05		A-Act/360		36242DRX3		44,216,000.00		1,000.000000		3.638694		0.000000		3.638694	1,000.000000
M-3	05/25/05		06/26/05		A-Act/360		36242DRY1		11,844,000.00		1,000.000000		3.794507		0.000000		3.794507	1,000.000000
B-1	05/25/05		06/26/05		A-Act/360		36242DRZ8		12,238,000.00		1,000.000000		4.298608		0.000000		4.298608	1,000.000000
B-2	05/25/05		06/26/05		A-Act/360		36242DSA2		9,475,000.00		1,000.000000		4.390263		0.000000		4.390263	1,000.000000
B-3	05/25/05		06/26/05		A-Act/360		36242DSB0		7,896,000.00		1,000.000000		5.306811		0.000000		5.306811	1,000.000000
B-4	05/25/05		06/24/05		A-30/360		36242DSC8		9,475,000.00		1,000.000000		4.999351		0.000000		4.999351	1,000.000000
X	05/25/05		06/24/05		A-30/360		36242DSD6		15,396,748.31		999.997355		122.295023		0.000000		122.295023	999.997355
P	05/25/05		06/24/05		A-30/360		36242DSE4		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
UT-R	05/25/05		06/24/05		A-30/360		36242DSF1		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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		3,038,079.93		34,897,882.26		963,477.52		35,861,359.78		38,899,439.71		0.00		0.00		212,879,640.22
A-1B	62,185,000.00		784,155.20		8,724,435.50		240,868.41		8,965,303.91		9,749,459.11		0.00		0.00		53,219,696.09
A-2A	91,591,000.00		1,029,533.51		25,027,841.48		637,486.78		25,665,328.26		26,694,861.77		0.00		0.00		65,925,671.74
A-2B	49,331,000.00		641,697.26		0.00		0.00		0.00		641,697.26		0.00		0.00		49,331,000.00
A-2C	25,890,000.00		349,807.10		0.00		0.00		0.00		349,807.10		0.00		0.00		25,890,000.00
A-2D	147,210,000.00		1,814,668.59		22,086,831.54		562,576.01		22,649,407.55		24,464,076.14		0.00		0.00		124,560,592.45
M-1	54,086,000.00		757,992.22		0.00		0.00		0.00		757,992.22		0.00		0.00		54,086,000.00
M-2	44,216,000.00		690,137.78		0.00		0.00		0.00		690,137.78		0.00		0.00		44,216,000.00
M-3	11,844,000.00		193,309.74		0.00		0.00		0.00		193,309.74		0.00		0.00		11,844,000.00
B-1	12,238,000.00		227,970.33		0.00		0.00		0.00		227,970.33		0.00		0.00		12,238,000.00
B-2	9,475,000.00		180,474.87		0.00		0.00		0.00		180,474.87		0.00		0.00		9,475,000.00
B-3	7,896,000.00		183,515.42		0.00		0.00		0.00		183,515.42		0.00		0.00		7,896,000.00
B-4	9,475,000.00		236,855.40		0.00		0.00		0.00		236,855.40		0.00		0.00		9,475,000.00
X	15,396,748.31		11,482,863.30		0.00		0.00		40.72		11,482,904.02		0.00		0.00		15,396,707.59
P	0.00		1,954,368.88		0.00		0.00		0.00		1,954,368.88		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		23,565,429.53		90,736,990.78		2,404,408.72		93,141,440.22		116,706,869.75		0.00		0.00		696,433,308.09


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	3.34000%		220,284,217.19		674,436.84		87.56		0.00		0.00		674,349.28		674,349.29		0.00
A-1B	3.44000%		55,070,832.89		173,656.69		22.54		0.00		0.00		173,634.15		173,634.15		0.00
A-2A	3.23000%		72,699,106.71		215,249.94		27.94		0.00		0.00		215,222.00		215,221.99		0.00
A-2B	3.35000%		49,331,000.00		151,487.28		19.67		0.00		0.00		151,467.61		151,467.61		0.00
A-2C	3.47000%		25,890,000.00		82,351.78		10.69		0.00		0.00		82,341.09		82,341.08		0.00
A-2D	3.36000%		130,538,084.25		402,057.30		52.20		0.00		0.00		402,005.10		402,005.10		0.00
M-1	3.59000%		54,086,000.00		177,988.01		23.11		0.00		0.00		177,964.90		177,964.91		0.00
M-2	3.97000%		44,216,000.00		160,909.39		20.89		0.00		0.00		160,888.50		160,888.50		0.00
M-3	4.14000%		11,844,000.00		44,947.98		5.84		0.00		0.00		44,942.14		44,942.14		0.00
B-1	4.69000%		12,238,000.00		52,613.20		6.83		0.00		0.00		52,606.37		52,606.37		0.00
B-2	4.79000%		9,475,000.00		41,603.15		5.40		0.00		0.00		41,597.75		41,597.74		0.00
B-3	5.79000%		7,896,000.00		41,908.02		5.44		0.00		0.00		41,902.58		41,902.58		0.00
B-4	6.00000%		9,475,000.00		47,375.00		6.15		0.00		0.00		47,368.85		47,368.85		0.00
X	146.75442%		15,396,707.59		0.00		0.00		0.00		0.00		0.00		1,882,945.69		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		503,470.62		0.00
UT-R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			718,439,948.63		2,266,584.58		294.26		0.00		0.00		2,266,290.32		4,652,706.62		0.00



Page 3 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										12,737,564.32		9,246,014.16		21,983,578.48
Principal Withdrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										12,737,564.32		9,246,014.16		21,983,578.48
Interest Collections										2,125,131.81		2,099,324.45		4,224,456.25
Interest Withdrawals										-0.00		-3,681.88		-3,681.88
Interest Fees										-25,221.32		-23,255.00		-48,476.32
Interest Other Accounts														503,470.62
TOTAL NET INTEREST										2,099,910.49		2,072,387.57		4,675,768.67
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														26,659,347.16



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											227,064.90		232,088.03		459,152.93
Curtailments											19,715.19		57,504.42		77,219.61
Prepayments In Full											12,490,784.23		8,562,721.27		21,053,505.50
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											6,892.25		409,870.25		416,762.50
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-197,443.54		-204,334.45		-401,777.99
Realized Losses											-6,892.25		-16,169.81		-23,062.06
Advanced Principal											197,443.54		204,334.45		401,777.99
TOTAL PRINCIPAL COLLECTED											12,737,564.32		9,246,014.16		21,983,578.48


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 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,252,171.20		2,223,732.42		4,475,903.62
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										68.87		3,243.87		3,312.74
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-34,823.59		-24,492.30		-59,315.89
Delinquent Interest										-1,902,351.30		-1,914,054.46		-3,816,405.76
Compensating Interest										34,823.59		24,492.30		59,315.89
Civil Relief Act Shortfalls										-0.00		-294.25		-294.25
Interest Advanced										1,775,243.04		1,786,696.86		3,561,939.90
TOTAL INTEREST COLLECTED										2,125,131.81		2,099,324.45		4,224,456.25


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		3,681.88		3,681.88



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														503,470.62
Interest Cap Payment														0.00
TOTAL INTEREST OTHER ACCOUNTS														503,470.62



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										23,415.04		21,469.08		44,884.12
Trustee Fees										1,806.28		1,785.92		3,592.20
TOTAL INTEREST FEES										25,221.32		23,255.00		48,476.32




Page 5 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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														23,062.06
Overcollateralization Target Amount														15,396,707.59





Page 6 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,324		2,699		5,023
Prior										2,139		2,482		4,621
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-63		-51		-114
Repurchases										-0		-0		-0
Liquidations										-1		-4		-5
Current										2,075		2,427		4,502
Principal Balance:


Original										396,743,119.54		392,831,628.77		789,574,748.31
Prior										361,255,925.50		357,184,023.13		718,439,948.63
Prefunding										0.00		0.00		0.00
Scheduled Principal										-227,064.90		-232,088.03		-459,152.93
Partial Prepayments										-19,715.19		-57,504.42		-77,219.61
Full Voluntary Prepayments										-12,490,784.23		-8,562,721.27		-21,053,505.50
Repurchases										-0.00		-0.00		-0.00
Liquidations										-6,892.25		-409,870.25		-416,762.50
Current										348,511,468.93		347,921,839.16		696,433,308.09





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.51093%		7.54068%		7.52573%
Weighted Average Coupon Prior										7.49105%		7.51654%		7.50371%
Weighted Average Coupon Current										7.48137%		7.50463%		7.49293%
Weighted Average Months to Maturity Original										350		350		350
Weighted Average Months to Maturity Prior										346		347		347
Weighted Average Months to Maturity Current										345		346		345
Weighted Avg Remaining Amortization Term Original										350		350		350
Weighted Avg Remaining Amortization Term Prior										346		347		347
Weighted Avg Remaining Amortization Term Current										345		346		345
Weighted Average Seasoning Original										5.10		4.98		5.04
Weighted Average Seasoning Prior										8.07		7.96		8.02
Weighted Average Seasoning Current										9.08		8.96		9.02









Page 8 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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										6.95205%		6.94299%		6.94750%
Weighted Average Margin Current										6.94716%		6.93933%		6.94323%
Weighted Average Max Rate Original										14.29522%		14.30112%		14.29818%
Weighted Average Max Rate Prior										14.27061%		14.27907%		14.27486%
Weighted Average Max Rate Current										14.26006%		14.26663%		14.26336%
Weighted Average Min Rate Original										7.33875%		7.35674%		7.34778%
Weighted Average Min Rate Prior										7.31649%		7.33464%		7.32562%
Weighted Average Min Rate Current										7.30628%		7.32146%		7.31391%
Weighted Average Cap Up Original										1.25838%		1.24206%		1.25019%
Weighted Average Cap Up Prior										1.25851%		1.24101%		1.24971%
Weighted Average Cap Up Current										1.25935%		1.24117%		1.25021%
Weighted Average Cap Down Original										1.25838%		1.24206%		1.25019%
Weighted Average Cap Down Prior										1.25851%		1.24101%		1.24971%
Weighted Average Cap Down Current										1.25935%		1.24117%		1.25021%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										23,415.04		21,469.08		44,884.12
Delinquent Servicing Fees										127,108.27		127,357.60		254,465.87
TOTAL SERVICING FEES										150,523.30		148,826.68		299,349.98


Total Servicing Fees										150,523.30		148,826.68		299,349.98
Compensating Interest										-34,823.59		-24,492.30		-59,315.89
Delinquent Servicing Fees										-127,108.27		-127,357.60		-254,465.87
COLLECTED SERVICING FEES										23,415.04		21,469.08		-14,431.76


Total Advanced Interest										1,775,243.04		1,786,696.86		3,561,939.90
Total Advanced Principal										197,443.54		204,334.45		401,777.99
Aggregate Advances with respect to this Distribution										1,972,686.58		1,991,031.31		3,963,717.89





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										34,823.59		24,492.30		59,315.89
Compensating Interest										-34,823.59		-24,492.30		-59,315.89
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Ending Pool Stated Principal Balance										348,511,468.93		347,921,839.16		696,433,308.09
Weighted Average Net Mortgage Rate										6.975367%		6.962420%		6.968930%




Page 9 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				16,438,425.25		7,028,350.73		8,542,983.29		32,009,759.27
			% Balance				2.36%		1.01%		1.23%		4.60%
			# Loans				112		46		71		229
			% # Loans				2.49%		1.02%		1.58%		5.09%
	FORECLOSURE		Balance		179,479.16		0.00		1,542,347.54		7,037,137.28		8,758,963.98
			% Balance		0.03%		0.00%		0.22%		1.01%		1.26%
			# Loans		1		0		10		38		49
			% # Loans		0.02%		0.00%		0.22%		0.84%		1.09%
	BANKRUPTCY		Balance		861,837.00		123,017.38		85,651.99		775,317.59		1,845,823.96
			% Balance		0.12%		0.02%		0.01%		0.11%		0.27%
			# Loans		9		1		1		8		19
			% # Loans		0.20%		0.02%		0.02%		0.18%		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		1,041,316.16		16,561,442.63		8,656,350.26		16,355,438.16		42,614,547.21
			% Balance		0.15%		2.38%		1.24%		2.35%		6.12%
			# Loans		10		113		57		117		297
			% # Loans		0.22%		2.51%		1.27%		2.60%		6.60%









Page 10 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,853,383.32		2,119,173.39		3,139,432.22		14,111,988.93
			% Balance				2.54%		0.61%		0.90%		4.06%
			# Loans				66		17		28		111
			% # Loans				2.72%		0.70%		1.15%		4.57%
	FORECLOSURE		Balance		0.00		0.00		1,226,992.33		4,483,598.04		5,710,590.37
			% Balance		0.00%		0.00%		0.35%		1.29%		1.64%
			# Loans		0		0		7		25		32
			% # Loans		0.00%		0.00%		0.29%		1.03%		1.32%
	BANKRUPTCY		Balance		359,538.57		123,017.38		85,651.99		660,164.58		1,228,372.52
			% Balance		0.10%		0.04%		0.02%		0.19%		0.35%
			# Loans		5		1		1		5		12
			% # Loans		0.21%		0.04%		0.04%		0.21%		0.49%
	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		359,538.57		8,976,400.70		3,431,817.71		8,283,194.84		21,050,951.82
			% Balance		0.10%		2.58%		0.99%		2.38%		6.05%
			# Loans		5		67		25		58		155
			% # Loans		0.21%		2.76%		1.03%		2.39%		6.39%










Page 11 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,585,041.93		4,909,177.34		5,403,551.07		17,897,770.34
			% Balance				2.18%		1.41%		1.55%		5.14%
			# Loans				46		29		43		118
			% # Loans				2.22%		1.40%		2.07%		5.69%
	FORECLOSURE		Balance		179,479.16		0.00		315,355.21		2,553,539.24		3,048,373.61
			% Balance		0.05%		0.00%		0.09%		0.73%		0.87%
			# Loans		1		0		3		13		17
			% # Loans		0.05%		0.00%		0.14%		0.63%		0.82%
	BANKRUPTCY		Balance		502,298.43		0.00		0.00		115,153.01		617,451.44
			% Balance		0.14%		0.00%		0.00%		0.03%		0.18%
			# Loans		4		0		0		3		7
			% # Loans		0.19%		0.00%		0.00%		0.14%		0.34%
	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		681,777.59		7,585,041.93		5,224,532.55		8,072,243.32		21,563,595.39
			% Balance		0.20%		2.18%		1.50%		2.32%		6.19%
			# Loans		5		46		32		59		142
			% # Loans		0.24%		2.22%		1.54%		2.84%		6.84%









Page 12 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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
80006525 1
80006525 1			143,932.00		142,512.41		01-Jan-2005		7.400%		TX - 80.00%		360		01-Jul-2004

80008105 1			102,000.00		101,308.79		01-Jan-2005		8.600%		FL - 85.00%		360		01-Aug-2004
80010478 1			79,200.00		78,652.20		01-Dec-2004		7.450%		MI - 90.00%		360		01-Oct-2004
1000001117 1			175,750.00		175,745.92		01-Dec-2004		7.750%		CA - 95.00%		360		01-Aug-2004
1000167297 1			238,500.00		235,860.74		01-Jan-2005		7.350%		GA - 90.00%		360		01-Jun-2004
3027405386 1			204,000.00		203,061.00		01-Feb-2005		8.875%		FL - 85.00%		360		01-Nov-2004
3029404145 1			37,000.00		36,892.38		01-Sep-2004		11.625%		PA - 20.00%		360		01-Oct-2004
3029404694 1			89,500.00		89,110.66		01-Feb-2005		9.750%		WI - 90.00%		360		01-Oct-2004
3029405385 1			270,000.00		268,440.62		01-Nov-2004		7.750%		FL - 90.00%		360		01-Nov-2004
3042400181 1			72,900.00		72,566.91		01-Jan-2005		9.500%		FL - 90.00%		360		01-Oct-2004
3058403354 1			149,000.00		147,943.79		01-Dec-2004		7.875%		MI - 79.00%		360		01-Sep-2004
3058403400 1			79,200.00		78,500.58		01-Feb-2005		6.750%		KY - 80.00%		360		01-Sep-2004
3058403562 1			118,500.00		117,753.93		01-Feb-2005		8.250%		MD - 75.00%		360		01-Oct-2004
3076400694 1			183,000.00		181,075.39		01-Sep-2004		7.250%		IL - 99.00%		360		01-Jun-2004
3076401786 1			292,000.00		290,233.64		01-Jan-2005		8.125%		MI - 80.00%		360		01-Oct-2004
3076401921 1			306,850.00		304,748.47		01-Feb-2005		7.500%		IL - 85.00%		360		01-Oct-2004
3076402078 1			292,000.00		290,594.84		01-Dec-2004		9.250%		MI - 100.00%		360		01-Oct-2004
3076402145 1			226,750.00		225,832.58		01-Dec-2004		9.500%		IL - 85.00%		360		01-Nov-2004
5000094531 1			352,000.00		348,541.78		01-Oct-2004		7.600%		TX - 80.00%		360		01-Jun-2004
5000105348 1			238,500.00		236,625.23		01-Dec-2004		7.350%		MA - 87.00%		360		01-Sep-2004
5000109455 1			116,100.00		115,336.26		01-Dec-2004		8.250%		WI - 90.00%		360		01-Sep-2004
5240403505 1			167,850.00		166,402.88		01-Sep-2004		6.875%		CO - 80.00%		360		01-Sep-2004
5240403508 1			41,950.00		41,837.52		01-Oct-2004		12.500%		CO - 20.00%		180		01-Sep-2004
5243403603 1			231,900.00		231,900.00		01-Feb-2005		7.250%		CA - 80.00%		360		01-Oct-2004
5255400864 1			174,000.00		172,880.84		01-Nov-2004		6.500%		WA - 98.00%		360		01-Dec-2004
5272400262 1			305,150.00		303,745.47		01-Oct-2004		8.875%		NV - 85.00%		360		01-Nov-2004
5272400774 1			203,000.00		201,917.69		01-Feb-2005		8.750%		NV - 83.00%		360		01-Oct-2004
5277401711 1			221,000.00		219,908.75		01-Oct-2004		9.125%		IL - 85.00%		360		01-Oct-2004
5289400605 1			71,000.00		70,591.57		01-Jan-2005		8.375%		SD - 75.00%		360		01-Oct-2004
5292400034 1			102,400.00		101,857.94		01-Nov-2004		7.500%		FL - 80.00%		360		01-Dec-2004
6000103521 1			196,000.00		196,000.00		01-Jan-2005		7.300%		GA - 80.00%		360		01-Aug-2004
6000109542 1			264,000.00		262,209.59		01-Oct-2004		7.550%		GA - 80.00%		360		01-Oct-2004
80006073 2			112,000.00		110,898.39		01-Nov-2004		7.300%		CO - 80.00%		360		01-Jul-2004
80009914 2			221,250.00		219,485.67		01-Jan-2005		7.450%		CO - 75.00%		360		01-Sep-2004
80014625 2			84,000.00		83,564.08		01-Dec-2004		7.600%		TN - 77.00%		360		01-Dec-2004
1000153563 2			24,700.00		24,332.18		01-Sep-2004		11.500%		AZ - 20.00%		240		01-Apr-2004
1000189842 2			367,200.00		364,117.51		01-Nov-2004		6.450%		CA - 80.00%		360		01-Oct-2004
1000191010 2			181,600.00		179,479.16		01-May-2005		7.990%		WA - 80.00%		360		01-Oct-2004
3029405633 2			72,000.00		71,866.89		01-Jan-2005		12.500%		FL - 20.00%		180		01-Dec-2004
3076402077 2			163,000.00		161,937.49		01-Nov-2004		7.750%		IL - 78.00%		360		01-Oct-2004
5000101410 2			51,300.00		50,992.01		01-Dec-2004		9.200%		IN - 90.00%		360		01-Aug-2004
5000109194 2			59,040.00		58,708.80		01-Dec-2004		8.500%		OK - 90.00%		360		01-Oct-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
5243405586 2			102,800.00		102,306.68		01-Feb-2005		8.000%		AZ - 80.00%		360		01-Dec-2004
5266401417 2			64,000.00		63,638.37		01-Feb-2005		9.000%		IA - 80.00%		360		01-Sep-2004
5282401493 2			150,300.00		149,410.16		01-Feb-2005		7.625%		IL - 90.00%		360		01-Nov-2004
6000100836 2			110,400.00		109,189.50		01-Dec-2004		6.600%		IL - 80.00%		360		01-Jul-2004
6000113361 2			405,600.00		402,446.72		01-Dec-2004		6.850%		GA - 80.00%		360		01-Oct-2004



Page 14 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution


TOTAL			8,810,122.00		8,758,963.98



Page 15 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										63		51		114
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										63		51		114
Curtailments Amount										19,715.19		57,504.42		77,219.61
Paid in Full Balance										12,490,784.23		8,562,721.27		21,053,505.50
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										12,510,499.42		8,620,225.69		21,130,725.11

Cumulative


Number of Paid in Full Loans										224		238		462
Number of Repurchased Loans										19		19		38
Total Number of Loans Prepaid in Full										243		257		500
Paid in Full Balance										43,574,849.93		40,029,012.51		83,603,862.44
Repurchased Loans Balance										2,739,434.05		2,820,527.53		5,559,961.58
Curtailments Amount										542,395.46		187,204.12		729,599.58
Total Prepayment Amount										46,856,679.44		43,036,744.16		89,893,423.60










Page 16 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										3.47%		2.53%		3.00%
3 Months Avg SMM										3.08%		2.65%		2.87%
12 Months Avg SMM										2.50%		2.34%		2.42%
Avg SMM Since Cut-off										2.50%		2.34%		2.42%


CPR										34.52%		26.47%		30.63%
3 Months Avg CPR										31.33%		27.54%		29.47%
12 Months Avg CPR										26.18%		24.70%		25.44%
Avg CPR Since Cut-off										26.18%		24.70%		25.44%


PSA										1,901.56%		1,477.80%		1,698.29%
3 Months Avg PSA Approximation										1,938.92%		1,729.49%		1,837.01%
12 Months Avg PSA Approximation										1,846.77%		1,772.52%		1,810.30%
Avg PSA Since Cut-off Approximation										1,846.77%		1,772.52%		1,810.30%










Page 17 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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 18 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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

80006406 2			264,000.00		264,000.00			25-May-2005		7.050%		CA - 80.00%		Paid Off - 360		01-Jul-2004
			264,000.00

80009870 1			497,700.00		497,700.00			26-May-2005		6.750%		CA - 90.00%		Paid Off - 360		01-Sep-2004
80009870 1					497,700.00			26-May-2005		6.750%		CA - 90.00%		Paid Off - 360		01-Sep-2004
80014394 2			324,500.00		323,416.35			16-May-2005		9.000%		CA - 74.00%		Paid Off - 360		01-Dec-2004
80014394 2					323,416.35			16-May-2005		9.000%		CA - 74.00%		Paid Off - 360		01-Dec-2004
80014787 1			200,000.00		199,304.05			19-May-2005		8.800%		CA - 82.00%		Paid Off - 360		01-Dec-2004
80014787 1					199,304.05			19-May-2005		8.800%		CA - 82.00%		Paid Off - 360		01-Dec-2004
80014825 2			413,540.00		411,724.41			25-May-2005		7.650%		VA - 90.00%		Paid Off - 360		01-Dec-2004
80014825 2					411,724.41			25-May-2005		7.650%		VA - 90.00%		Paid Off - 360		01-Dec-2004
80014939 2			255,000.00		254,037.15			03-May-2005		8.400%		DC - 76.00%		Paid Off - 360		01-Dec-2004
80014939 2					254,037.15			03-May-2005		8.400%		DC - 76.00%		Paid Off - 360		01-Dec-2004
80015441 2			364,000.00		362,771.85			16-May-2005		8.950%		CA - 80.00%		Paid Off - 360		01-Dec-2004
80015441 2					362,771.85			16-May-2005		8.950%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000159061 2			191,200.00		188,700.94			27-May-2005		5.750%		CA - 40.00%		Paid Off - 360		01-Jun-2004
1000159061 2					188,700.94			27-May-2005		5.750%		CA - 40.00%		Paid Off - 360		01-Jun-2004
1000169784 2			31,900.00		31,355.39			12-May-2005		9.750%		WA - 20.00%		Paid Off - 240		01-Jun-2004
1000169784 2					31,355.39			12-May-2005		9.750%		WA - 20.00%		Paid Off - 240		01-Jun-2004
1000173330 2			405,000.00		401,720.52			02-May-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Aug-2004
1000173330 2					401,720.52			02-May-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Aug-2004
1000181739 1			359,000.00		356,283.63			23-May-2005		6.990%		CA - 78.00%		Paid Off - 360		01-Sep-2004
1000181739 1					356,283.63			23-May-2005		6.990%		CA - 78.00%		Paid Off - 360		01-Sep-2004
1000182633 2			240,547.00		240,519.74			05-May-2005		7.250%		NY - 89.00%		Paid Off - 360		01-Oct-2004
1000182633 2					240,519.74			05-May-2005		7.250%		NY - 89.00%		Paid Off - 360		01-Oct-2004
1000188278 2			267,300.00		265,709.55			16-May-2005		7.600%		CA - 90.00%		Paid Off - 360		01-Oct-2004
1000188278 2					265,709.55			16-May-2005		7.600%		CA - 90.00%		Paid Off - 360		01-Oct-2004
1000188541 2			414,000.00		411,221.08			20-May-2005		6.990%		VA - 90.00%		Paid Off - 360		01-Oct-2004
1000188541 2					411,221.08			20-May-2005		6.990%		VA - 90.00%		Paid Off - 360		01-Oct-2004
1000188620 1			132,000.00		131,101.75			18-May-2005		7.600%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000188620 1					131,101.75			18-May-2005		7.600%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000188793 2			304,200.00		302,212.34			12-May-2005		7.125%		CA - 90.00%		Paid Off - 360		01-Oct-2004
1000188793 2					302,212.34			12-May-2005		7.125%		CA - 90.00%		Paid Off - 360		01-Oct-2004
1000190437 1			204,000.00		201,873.80			31-May-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Oct-2004
1000190437 1					201,873.80			31-May-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Oct-2004
1000190894 2			450,000.00		450,000.00			31-May-2005		6.250%		CA - 69.00%		Paid Off - 360		01-Oct-2004
1000190894 2					450,000.00			31-May-2005		6.250%		CA - 69.00%		Paid Off - 360		01-Oct-2004
1000191212 2			348,000.00		345,966.45			25-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000191212 2					345,966.45			25-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000191229 2			320,400.00		318,548.83			13-May-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Oct-2004
1000191229 2					318,548.83			13-May-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Oct-2004
1000191486 2			199,200.00		198,083.32			12-May-2005		7.900%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000191486 2					198,083.32			12-May-2005		7.900%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1000191845 2			397,500.00		395,249.38			26-May-2005		7.850%		CA - 75.00%		Paid Off - 360		01-Oct-2004
1000191845 2					395,249.38			26-May-2005		7.850%		CA - 75.00%		Paid Off - 360		01-Oct-2004
3027404588 1			168,000.00		167,099.68			06-May-2005		8.125%		FL - 70.00%		Paid Off - 360		01-Oct-2004
3027404588 1					167,099.68			06-May-2005		8.125%		FL - 70.00%		Paid Off - 360		01-Oct-2004
3027405041 1			122,400.00		121,610.51			20-May-2005		6.750%		IL - 80.00%		Paid Off - 360		01-Nov-2004
3027405041 1					121,610.51			20-May-2005		6.750%		IL - 80.00%		Paid Off - 360		01-Nov-2004
3027405215 1			150,300.00		149,333.05			26-May-2005		6.500%		FL - 90.00%		Paid Off - 360		01-Nov-2004
3027405215 1					149,333.05			26-May-2005		6.500%		FL - 90.00%		Paid Off - 360		01-Nov-2004
3027405424 1			80,500.00		80,231.19			31-May-2005		9.000%		FL - 69.00%		Paid Off - 360		01-Dec-2004
3027405424 1					80,231.19			31-May-2005		9.000%		FL - 69.00%		Paid Off - 360		01-Dec-2004
3027405430 2			65,600.00		65,303.32			23-May-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3027405430 2					65,303.32			23-May-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3027405516 2			115,200.00		114,704.19			04-May-2005		7.750%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3027405516 2					114,704.19			04-May-2005		7.750%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3027405518 1			28,800.00		28,746.44			04-May-2005		11.750%		FL - 20.00%		Paid Off - 360		01-Dec-2004
3027405518 1					28,746.44			04-May-2005		11.750%		FL - 20.00%		Paid Off - 360		01-Dec-2004
3029402573 1			212,000.00		208,664.87			24-May-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Aug-2004
3029402573 1					208,664.87			24-May-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Aug-2004
3029402970 1			127,800.00		127,077.86			18-May-2005		9.000%		FL - 90.00%		Paid Off - 360		01-Aug-2004
3029402970 1					127,077.86			18-May-2005		9.000%		FL - 90.00%		Paid Off - 360		01-Aug-2004
3029404127 1			204,000.00		203,035.51			12-May-2005		9.750%		IN - 75.00%		Paid Off - 360		01-Oct-2004
3029404127 1					203,035.51			12-May-2005		9.750%		IN - 75.00%		Paid Off - 360		01-Oct-2004
3029404344 2			96,000.00		95,357.48			27-May-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Oct-2004
3029404344 2					95,357.48			27-May-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Oct-2004
3029404345 1			24,000.00		23,944.63			27-May-2005		12.125%		FL - 20.00%		Paid Off - 180		01-Oct-2004
3029404345 1					23,944.63			27-May-2005		12.125%		FL - 20.00%		Paid Off - 180		01-Oct-2004
3029404408 1			127,650.00		126,816.21			09-May-2005		7.125%		FL - 80.00%		Paid Off - 360		01-Oct-2004
3029404408 1					126,816.21			09-May-2005		7.125%		FL - 80.00%		Paid Off - 360		01-Oct-2004
3029404410 1			31,950.00		31,824.07			09-May-2005		9.625%		FL - 20.00%		Paid Off - 180		01-Oct-2004
3029404410 1					31,824.07			09-May-2005		9.625%		FL - 20.00%		Paid Off - 180		01-Oct-2004
3029404646 2			99,200.00		98,803.96			26-May-2005		8.125%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3029404646 2					98,803.96					8.125%		FL - 80.00%		Paid Off - 360



Page 19 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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

3029405069 1			58,400.00		58,241.64			25-May-2005		10.875%		PA - 90.00%		Paid Off - 360		01-Nov-2004
			58,400.00

3029405225 2			68,850.00		68,623.33			05-May-2005		9.875%		VA - 85.00%		Paid Off - 360		01-Nov-2004
3029405225 2					68,623.33			05-May-2005		9.875%		VA - 85.00%		Paid Off - 360		01-Nov-2004
3029405304 2			152,000.00		151,253.15			31-May-2005		7.875%		FL - 80.00%		Paid Off - 360		01-Nov-2004
3029405304 2					151,253.15			31-May-2005		7.875%		FL - 80.00%		Paid Off - 360		01-Nov-2004
3029405306 1			180,000.00		179,310.02			27-May-2005		8.875%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3029405306 1					179,310.02			27-May-2005		8.875%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3029405308 2			45,000.00		44,890.83			27-May-2005		11.625%		FL - 20.00%		Paid Off - 180		01-Dec-2004
3029405308 2					44,890.83			27-May-2005		11.625%		FL - 20.00%		Paid Off - 180		01-Dec-2004
3044401970 1			215,650.00		214,465.08			31-May-2005		8.000%		MD - 95.00%		Paid Off - 360		01-Oct-2004
3044401970 1					214,465.08			31-May-2005		8.000%		MD - 95.00%		Paid Off - 360		01-Oct-2004
3058401645 2			128,800.00		127,715.03			31-May-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Jul-2004
3058401645 2					127,715.03			31-May-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Jul-2004
3058401872 2			377,100.00		373,060.00			18-May-2005		6.250%		RI - 90.00%		Paid Off - 360		01-Jul-2004
3058401872 2					373,060.00			18-May-2005		6.250%		RI - 90.00%		Paid Off - 360		01-Jul-2004
3058402340 1			120,000.00		119,013.72			04-May-2005		7.625%		FL - 76.00%		Paid Off - 360		01-Jul-2004
3058402340 1					119,013.72			04-May-2005		7.625%		FL - 76.00%		Paid Off - 360		01-Jul-2004
3058402626 2			84,800.00		84,168.58			26-May-2005		7.625%		MI - 80.00%		Paid Off - 360		01-Aug-2004
3058402626 2					84,168.58			26-May-2005		7.625%		MI - 80.00%		Paid Off - 360		01-Aug-2004
3058403203 1			60,000.00		59,621.01			06-May-2005		8.750%		MI - 48.00%		Paid Off - 360		01-Sep-2004
3058403203 1					59,621.01			06-May-2005		8.750%		MI - 48.00%		Paid Off - 360		01-Sep-2004
3058404498 1			72,150.00		71,902.13			25-May-2005		9.625%		MI - 65.00%		Paid Off - 360		01-Nov-2004
3058404498 1					71,902.13			25-May-2005		9.625%		MI - 65.00%		Paid Off - 360		01-Nov-2004
3058404902 1			213,750.00		212,499.42			13-May-2005		6.990%		RI - 89.00%		Paid Off - 360		01-Nov-2004
3058404902 1					212,499.42			13-May-2005		6.990%		RI - 89.00%		Paid Off - 360		01-Nov-2004
3058405623 2			100,000.00		99,335.68			20-May-2005		5.500%		MD - 48.00%		Paid Off - 360		01-Dec-2004
3058405623 2					99,335.68			20-May-2005		5.500%		MD - 48.00%		Paid Off - 360		01-Dec-2004
3076402398 1			148,000.00		147,114.08			18-May-2005		6.875%		IL - 80.00%		Paid Off - 360		01-Nov-2004
3076402398 1					147,114.08			18-May-2005		6.875%		IL - 80.00%		Paid Off - 360		01-Nov-2004
3083400627 2			200,000.00		199,117.55			27-May-2005		7.625%		MA - 69.00%		Paid Off - 360		01-Dec-2004
3083400627 2					199,117.55			27-May-2005		7.625%		MA - 69.00%		Paid Off - 360		01-Dec-2004
3083400638 2			195,500.00		194,863.79			17-May-2005		9.125%		RI - 82.00%		Paid Off - 360		01-Dec-2004
3083400638 2					194,863.79			17-May-2005		9.125%		RI - 82.00%		Paid Off - 360		01-Dec-2004
3085400229 1			236,000.00		235,289.53			23-May-2005		9.500%		RI - 80.00%		Paid Off - 360		01-Dec-2004
3085400229 1					235,289.53			23-May-2005		9.500%		RI - 80.00%		Paid Off - 360		01-Dec-2004
5000093584 1			7,950.00		7,511.39			31-May-2005		11.990%		MI - 5.00%		Paid Off - 120		01-Jun-2004
5000093584 1					7,511.39			31-May-2005		11.990%		MI - 5.00%		Paid Off - 120		01-Jun-2004
5000100121 2			15,450.00		13,198.15			20-May-2005		11.150%		VA - 5.00%		Paid Off - 60		01-Jul-2004
5000100121 2					13,198.15			20-May-2005		11.150%		VA - 5.00%		Paid Off - 60		01-Jul-2004
5000105510 2			5,300.00		5,062.21			17-May-2005		12.250%		WI - 5.00%		Paid Off - 120		01-Aug-2004
5000105510 2					5,062.21			17-May-2005		12.250%		WI - 5.00%		Paid Off - 120		01-Aug-2004
5000109512 1			192,000.00		190,955.47			02-May-2005		8.050%		VA - 80.00%		Paid Off - 360		01-Oct-2004
5000109512 1					190,955.47			02-May-2005		8.050%		VA - 80.00%		Paid Off - 360		01-Oct-2004
5000109545 2			48,000.00		47,649.13			02-May-2005		13.025%		VA - 20.00%		Paid Off - 240		01-Oct-2004
5000109545 2					47,649.13			02-May-2005		13.025%		VA - 20.00%		Paid Off - 240		01-Oct-2004
5000110378 2			90,000.00		89,447.66			05-May-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Oct-2004
5000110378 2					89,447.66			05-May-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Oct-2004
5000110596 2			5,000.00		4,819.85			05-May-2005		11.999%		IL - 5.00%		Paid Off - 120		01-Oct-2004
5000110596 2					4,819.85			05-May-2005		11.999%		IL - 5.00%		Paid Off - 120		01-Oct-2004
5000113129 1			227,000.00		225,979.44			03-May-2005		8.990%		NY - 100.00%		Paid Off - 360		01-Oct-2004
5000113129 1					225,979.44			03-May-2005		8.990%		NY - 100.00%		Paid Off - 360		01-Oct-2004
5240403809 2			207,900.00		206,212.21			18-May-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5240403809 2					206,212.21			18-May-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5240404109 2			169,600.00		168,319.75			31-May-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5240404109 2					168,319.75			31-May-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5240404111 1			31,800.00		31,649.86			31-May-2005		8.750%		CA - 15.00%		Paid Off - 360		01-Oct-2004
5240404111 1					31,649.86			31-May-2005		8.750%		CA - 15.00%		Paid Off - 360		01-Oct-2004
5240404594 2			329,950.00		329,950.00			13-May-2005		7.875%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5240404594 2					329,950.00			13-May-2005		7.875%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5240405566 1			204,000.00		204,000.00			25-May-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5240405566 1					204,000.00			25-May-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5240405788 2			372,000.00		372,000.00			10-May-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5240405788 2					372,000.00			10-May-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004
5243402082 1			199,500.00		199,483.56			13-May-2005		6.875%		CA - 95.00%		Paid Off - 360		01-Sep-2004
5243402082 1					199,483.56			13-May-2005		6.875%		CA - 95.00%		Paid Off - 360		01-Sep-2004
5243402877 1			360,000.00		357,410.59			19-May-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5243402877 1					357,410.59			19-May-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Sep-2004
5243403291 2			225,000.00		223,381.56			25-May-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Sep-2004
5243403291 2					223,381.56			25-May-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Sep-2004
5243403409 2			348,500.00		345,987.55			05-May-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Sep-2004
5243403409 2					345,987.55			05-May-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Sep-2004
5243404832 1			285,000.00		283,413.40			04-May-2005		7.250%		CA - 56.00%		Paid Off - 360		01-Nov-2004
5243404832 1					283,413.40			04-May-2005		7.250%		CA - 56.00%		Paid Off - 360		01-Nov-2004
5243405039 2			126,500.00		125,937.96			31-May-2005		8.375%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
5243405039 2					125,937.96					8.375%		AZ - 80.00%		Paid Off - 360



Page 20 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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

5243405171 2			215,000.00		213,969.78			03-May-2005		8.000%		CA - 60.00%		Paid Off - 360		01-Nov-2004
			215,000.00

5243405175 2			262,000.00		260,647.03			13-May-2005		7.625%		CA - 75.00%		Paid Off - 360		01-Nov-2004
5243405175 2					260,647.03			13-May-2005		7.625%		CA - 75.00%		Paid Off - 360		01-Nov-2004
5243405665 2			440,000.00		438,568.07			25-May-2005		9.125%		CA - 80.00%		Paid Off - 360		01-Dec-2004
5243405665 2					438,568.07			25-May-2005		9.125%		CA - 80.00%		Paid Off - 360		01-Dec-2004
5248400593 1			140,000.00		139,438.28			17-May-2005		8.875%		AZ - 100.00%		Paid Off - 360		01-Nov-2004
5248400593 1					139,438.28			17-May-2005		8.875%		AZ - 100.00%		Paid Off - 360		01-Nov-2004
5248400683 2			140,000.00		139,284.11			24-May-2005		6.875%		AZ - 100.00%		Paid Off - 360		01-Dec-2004
5248400683 2					139,284.11			24-May-2005		6.875%		AZ - 100.00%		Paid Off - 360		01-Dec-2004
5266400948 2			95,250.00		94,422.55			11-May-2005		6.875%		MN - 75.00%		Paid Off - 360		01-Aug-2004
5266400948 2					94,422.55			11-May-2005		6.875%		MN - 75.00%		Paid Off - 360		01-Aug-2004
5274400641 2			136,000.00		135,214.51			27-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5274400641 2					135,214.51			27-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
5277402134 2			207,000.00		206,086.69			04-May-2005		7.625%		IL - 75.00%		Paid Off - 360		01-Dec-2004
5277402134 2					206,086.69			04-May-2005		7.625%		IL - 75.00%		Paid Off - 360		01-Dec-2004
5277402273 2			400,000.00		398,190.78			26-May-2005		7.500%		IL - 70.00%		Paid Off - 360		01-Dec-2004
5277402273 2					398,190.78			26-May-2005		7.500%		IL - 70.00%		Paid Off - 360		01-Dec-2004
5281400164 2			112,500.00		111,407.21			06-May-2005		6.250%		CA - 52.00%		Paid Off - 360		01-Aug-2004
5281400164 2					111,407.21			06-May-2005		6.250%		CA - 52.00%		Paid Off - 360		01-Aug-2004
5289400447 1			70,550.00		70,298.17			27-May-2005		10.125%		IA - 85.00%		Paid Off - 360		01-Oct-2004
5289400447 1					70,298.17			27-May-2005		10.125%		IA - 85.00%		Paid Off - 360		01-Oct-2004
6000000446 1			128,000.00		126,955.08			25-May-2005		6.700%		MD - 80.00%		Paid Off - 360		01-Sep-2004
6000000446 1					126,955.08			25-May-2005		6.700%		MD - 80.00%		Paid Off - 360		01-Sep-2004
6000089887 1			53,200.00		52,099.12			23-May-2005		9.500%		FL - 20.00%		Paid Off - 240		01-Apr-2004
6000089887 1					52,099.12			23-May-2005		9.500%		FL - 20.00%		Paid Off - 240		01-Apr-2004
6000100493 2			195,000.00		193,767.91			16-May-2005		8.450%		FL - 75.00%		Paid Off - 360		01-Aug-2004
6000100493 2					193,767.91			16-May-2005		8.450%		FL - 75.00%		Paid Off - 360		01-Aug-2004
6000102404 1			214,000.00		212,475.42			27-May-2005		7.850%		NJ - 62.00%		Paid Off - 360		01-Aug-2004
6000102404 1					212,475.42			27-May-2005		7.850%		NJ - 62.00%		Paid Off - 360		01-Aug-2004
6000107157 2			105,750.00		105,196.77			04-May-2005		8.250%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
6000107157 2					105,196.77			04-May-2005		8.250%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
6000109826 2			96,500.00		95,937.08			05-May-2005		7.700%		GA - 74.00%		Paid Off - 360		01-Oct-2004
6000109826 2					95,937.08			05-May-2005		7.700%		GA - 74.00%		Paid Off - 360		01-Oct-2004
6000111511 2			7,500.00		7,268.09			05-May-2005		12.250%		FL - 5.00%		Paid Off - 120		01-Oct-2004
6000111511 2					7,268.09			05-May-2005		12.250%		FL - 5.00%		Paid Off - 120		01-Oct-2004
6000111955 2			100,000.00		99,586.90			24-May-2005		9.400%		FL - 36.00%		Paid Off - 360		01-Oct-2004
6000111955 2					99,586.90			24-May-2005		9.400%		FL - 36.00%		Paid Off - 360		01-Oct-2004
6000112451 1			70,000.00		69,780.09			06-May-2005		10.700%		FL - 70.00%		Paid Off - 360		01-Oct-2004
6000112451 1					69,780.09			06-May-2005		10.700%		FL - 70.00%		Paid Off - 360		01-Oct-2004
6000113388 1			105,000.00		104,336.95			24-May-2005		8.750%		DE - 75.00%		Paid Off - 360		01-Oct-2004
6000113388 1					104,336.95			24-May-2005		8.750%		DE - 75.00%		Paid Off - 360		01-Oct-2004
7000105600 2			340,000.00		339,900.83			24-May-2005		5.650%		CA - 80.00%		Paid Off - 360		01-Jul-2004
7000105600 2					339,900.83			24-May-2005		5.650%		CA - 80.00%		Paid Off - 360		01-Jul-2004
7000107244 1			55,920.00		55,532.47			03-May-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Aug-2004
7000107244 1					55,532.47			03-May-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Aug-2004
7000108312 1			220,000.00		218,946.23			06-May-2005		9.800%		CA - 73.00%		Paid Off - 360		01-Aug-2004
7000108312 1					218,946.23			06-May-2005		9.800%		CA - 73.00%		Paid Off - 360		01-Aug-2004
7000110364 1			146,250.00		145,437.84			12-May-2005		8.550%		NJ - 74.00%		Paid Off - 360		01-Sep-2004
7000110364 1					145,437.84			12-May-2005		8.550%		NJ - 74.00%		Paid Off - 360		01-Sep-2004
7000110431 1			168,000.00		166,535.07			26-May-2005		6.250%		NJ - 80.00%		Paid Off - 360		01-Sep-2004
7000110431 1					166,535.07			26-May-2005		6.250%		NJ - 80.00%		Paid Off - 360		01-Sep-2004
7000112496 1			156,000.00		155,999.61			03-May-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Sep-2004
7000112496 1					155,999.61			03-May-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Sep-2004
7000112721 2			39,000.00		38,791.99			02-May-2005		8.750%		CA - 20.00%		Paid Off - 360		01-Sep-2004
7000112721 2					38,791.99			02-May-2005		8.750%		CA - 20.00%		Paid Off - 360		01-Sep-2004
7000113971 1			170,000.00		169,146.70			25-May-2005		8.750%		HI - 50.00%		Paid Off - 360		01-Oct-2004
7000113971 1					169,146.70			25-May-2005		8.750%		HI - 50.00%		Paid Off - 360		01-Oct-2004
7000114304 1			240,000.00		239,997.94			02-May-2005		5.650%		CA - 79.00%		Paid Off - 360		01-Oct-2004
7000114304 1					239,997.94			02-May-2005		5.650%		CA - 79.00%		Paid Off - 360		01-Oct-2004
7000114317 2			60,000.00		59,698.53			02-May-2005		8.500%		CA - 20.00%		Paid Off - 360		01-Oct-2004
7000114317 2					59,698.53			02-May-2005		8.500%		CA - 20.00%		Paid Off - 360		01-Oct-2004
7000114517 2			217,600.00		216,343.16			13-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
7000114517 2					216,343.16			13-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
7000114575 1			318,600.00		316,463.43			17-May-2005		6.990%		WA - 90.00%		Paid Off - 360		01-Oct-2004
7000114575 1					316,463.43			17-May-2005		6.990%		WA - 90.00%		Paid Off - 360		01-Oct-2004
8000014872 2			152,000.00		150,644.68			02-May-2005		6.700%		NJ - 80.00%		Paid Off - 360		01-Aug-2004
8000014872 2					150,644.68			02-May-2005		6.700%		NJ - 80.00%		Paid Off - 360		01-Aug-2004
8000015356 2			86,000.00		85,187.97			02-May-2005		6.400%		MA - 26.00%		Paid Off - 360		01-Aug-2004
8000015356 2					85,187.97			02-May-2005		6.400%		MA - 26.00%		Paid Off - 360		01-Aug-2004
8000015709 1			273,750.00		272,741.85			06-May-2005		9.950%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
8000015709 1					272,741.85			06-May-2005		9.950%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
8000016171 1			424,000.00		421,829.81			19-May-2005		8.950%		NJ - 100.00%		Paid Off - 360		01-Sep-2004
8000016171 1					421,829.81			19-May-2005		8.950%		NJ - 100.00%		Paid Off - 360		01-Sep-2004
8000018297 1			173,000.00		172,199.62			19-May-2005		8.850%		NJ - 71.00%		Paid Off - 360		01-Oct-2004
8000018297 1					172,199.62					8.850%		NJ - 71.00%		Paid Off - 360



Page 21 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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

8000019026 2			288,000.00		286,269.37			05-May-2005		7.550%		NJ - 90.00%		Paid Off - 360		01-Oct-2004
			288,000.00



TOTAL			21,164,207.00		21,053,505.50
TOTAL


Page 22 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



Number of Loans Liquidated										1		4		5
Collateral Principal Realized Loss/(Gain) Amount										6,892.25		16,169.81		23,062.06
Collateral Interest Realized Loss/(Gain) Amount										0.00		3,681.88		3,681.88
Net Liquidation Proceeds										0.00		393,700.44		393,700.44

Cumulative
Cumulative



Number of Loans Liquidated										6		16		22
Collateral Realized Loss/(Gain) Amount										145,596.09		293,706.91		439,303.00
Net Liquidation Proceeds										32,510.15		377,714.66		410,224.81










Page 23 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.11%		0.06%
3 Months Avg MDR										0.01%		0.06%		0.04%
12 Months Avg MDR										0.01%		0.04%		0.02%
Avg MDR Since Cut-off										0.01%		0.04%		0.02%


CDR										0.02%		1.37%		0.69%
3 Months Avg CDR										0.13%		0.74%		0.43%
12 Months Avg CDR										0.11%		0.44%		0.28%
Avg CDR Since Cut-off										0.11%		0.44%		0.28%


SDA										0.13%		7.64%		3.85%
3 Months Avg SDA Approximation										0.80%		4.63%		2.69%
12 Months Avg SDA Approximation										0.78%		3.18%		1.96%
Avg SDA Since Cut-off Approximation										0.78%		3.18%		1.96%


Loss Severity Approximation for Current Period										100.00%		3.95%		5.53%
3 Months Avg Loss Severity Approximation										104.02%		72.00%		72.43%
12 Months Avg Loss Severity Approximation										67.42%		43.20%		48.46%
Avg Loss Severity Approximation Since Cut-off										67.42%		43.20%		48.46%












Page 24 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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 25 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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)
1000170855 1
1000170855 1			11.990%		GA - 5.00%		120		10,976.62				10,976.62		0.00

5243402973 1			8.875%		CA - 80.00%		360		308,388.80				0.00		0.00
6000100220 1			10.875%		MD - 20.00%		360		54,767.99				231.66		0.00
7000111171 1			11.990%		WA - 20.00%		360		35,736.84				35,736.84		0.00
5000098114 2			11.990%		GA - 5.00%		120		6,892.25				6,892.25		0.00


TOTAL									416,762.50			53,837.37		0.00



Page 26 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 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								22,307,145.33
						(2) Stated Principal Balance								696,433,308.09
						60+ Day Delinquency % ( (1)/(2) )								3.20%
						(3) 37% of Senior Enhancement %								8.75%

						(ii) The quotient of ( (4)/(5) > (6))
						(4) Aggregate Cumulative Realized Loss								439,303.00
						(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														1,882,945.69
Net Monthly Excess Cashflow Alloc to Losses														0.00
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00

Current LIBOR Rate														3.090000%
Next LIBOR Rate														3.314380%




Page 27 of 28
GSAMP Trust 2005-HE1

Asset Backed Certificates
Asset Backed Certificates
2005-HE1

June 27, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current Scheduled Payments														4,935,056.56
Current Scheduled Payments 1 Month Prior														5,089,240.47
Current Scheduled Payments 2 Month Prior														5,232,347.12
Current Scheduled Payments 3 Month Prior														5,325,868.77
Current Scheduled Payments 4 Month Prior														5,436,164.64
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														194,162.54
Delinq. 60+ Sched. Pmnts, 1 Month Prior														158,710.81
Delinq. 60+ Sched. Pmnts, 2 Month Prior														140,012.50
Delinq. 60+ Sched. Pmnts, 3 Month Prior														117,495.14
Delinq. 60+ Sched. Pmnts, 4 Month Prior														55,745.44
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 28 of 28

GS Mortgage GSAMP Trust 2005-HE1 8-K