
                                      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):  July 25, 2005
                          (Date of earliest event reported)

              GS Mortgage Securities Corp. (as Depositor under the
               Trust Agreement, dated as January 1, 2005,
               providing for the issuance of GSAA Home Equity Trust 2005-1
                      Asset-Backed Certificates Series 2005-1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-120274-05                          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
     July 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
                                  Trust Agreement on
                                  behalf of GS Mortgage Securities
                                  Corp., Registrant


          Date:  Jul 27, 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 July 25, 2005.



GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 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					11

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


				Underwriter(s)
				Goldman Sachs Mortgage Securities


										Total Number of Pages					23
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			January 01, 2005			Hang Luu
				Close Date:			January 28, 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:			July 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			June 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							July 22, 2005
							July 22, 2005

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






Page 1 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					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)

AV-1	SNR	$	144,436,000.00		123,848,768.39		333,712.71		7,907,665.58		8,241,378.29		0.00		0.00		115,941,102.81
AV-1	SNR	$	144,436,000.00		123,848,768.39		333,712.71		7,907,665.58		8,241,378.29		0.00		0.00		115,941,102.81
AV-2	SNR	$	40,000,000.00		34,298,587.17		91,617.85		2,189,943.11		2,281,560.96		0.00		0.00		32,108,644.06
AF-2	SNR	$	123,802,000.00		123,802,000.00		445,274.53		0.00		445,274.53		0.00		0.00		123,802,000.00
AF-3	SNR	$	32,913,000.00		32,913,000.00		132,282.83		0.00		132,282.83		0.00		0.00		32,913,000.00
AF-4	SNR	$	76,351,000.00		76,351,000.00		357,513.56		0.00		357,513.56		0.00		0.00		76,351,000.00
AF-5	SNR	$	46,389,000.00		46,389,000.00		187,218.27		0.00		187,218.27		0.00		0.00		46,389,000.00
M-1	MEZ	$	16,494,000.00		16,494,000.00		72,779.78		0.00		72,779.78		0.00		0.00		16,494,000.00
M-2	MEZ	$	12,370,000.00		12,370,000.00		59,376.00		0.00		59,376.00		0.00		0.00		12,370,000.00
B-1	SUB	$	6,185,000.00		6,185,000.00		29,688.00		0.00		29,688.00		0.00		0.00		6,185,000.00
B-2	SUB	$	5,154,000.00		5,154,000.00		24,739.20		0.00		24,739.20		0.00		0.00		5,154,000.00
B-3	SUB	$	5,154,000.00		5,154,000.00		24,739.20		0.00		24,739.20		0.00		0.00		5,154,000.00
X	SUB,EXE	$	6,186,979.54		6,185,219.75		650,533.97		0.00		650,533.97		0.00		0.00		6,185,219.75
P	RES	$	0.00		0.00		162,447.73		0.00		162,447.73		0.00		0.00		0.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			515,434,979.54		489,144,575.31		2,571,923.63		10,097,608.69		12,669,532.32		0.00		0.00		479,046,966.62
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)
AV-1	06/27/05		07/24/05		A-Act/360		36242DSP9		144,436,000.00		857.464679		2.310454		54.748578		57.059032	802.716101
AV-2	06/27/05		07/24/05		A-Act/360		36242DSY0		40,000,000.00		857.464679		2.290446		54.748578		57.039024	802.716102
AF-2	06/01/05		06/30/05		A-30/360		36242DSQ7		123,802,000.00		1,000.000000		3.596667		0.000000		3.596667	1,000.000000
AF-3	06/01/05		06/30/05		A-30/360		36242DSR5		32,913,000.00		1,000.000000		4.019167		0.000000		4.019167	1,000.000000
AF-4	06/01/05		06/30/05		A-30/360		36242DSS3		76,351,000.00		1,000.000000		4.682500		0.000000		4.682500	1,000.000000
AF-5	06/01/05		06/30/05		A-30/360		36242DST1		46,389,000.00		1,000.000000		4.035833		0.000000		4.035833	1,000.000000
M-1	06/01/05		06/30/05		A-30/360		36242DSU8		16,494,000.00		1,000.000000		4.412500		0.000000		4.412500	1,000.000000
M-2	06/01/05		06/30/05		A-30/360		36242DSV6		12,370,000.00		1,000.000000		4.800000		0.000000		4.800000	1,000.000000
B-1	06/01/05		06/30/05		A-30/360		36242DSW4		6,185,000.00		1,000.000000		4.800000		0.000000		4.800000	1,000.000000
B-2	06/01/05		06/30/05		A-30/360		36242DSX2		5,154,000.00		1,000.000000		4.800000		0.000000		4.800000	1,000.000000
B-3	06/01/05		06/30/05		A-30/360		36242DTD5		5,154,000.00		1,000.000000		4.800000		0.000000		4.800000	1,000.000000
X	06/25/05		07/24/05		A-30/360		36242DTE3		6,186,979.54		999.715566		105.145648		0.000000		105.145648	999.715566
P	06/25/05		07/24/05		A-30/360		36242DTF0		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R	06/25/05		07/24/05		A-30/360		36242DTG8		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

Distribution to Date -
																	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)
AV-1	144,436,000.00		2,050,651.18		24,894,936.13		3,599,961.06		28,494,897.19		30,545,548.37		0.00		0.00		115,941,102.81
AV-2	40,000,000.00		562,331.44		4,291,394.88		3,599,961.06		7,891,355.94		8,453,687.38		0.00		0.00		32,108,644.06
AF-2	123,802,000.00		2,671,647.18		0.00		0.00		0.00		2,671,647.18		0.00		0.00		123,802,000.00
AF-3	32,913,000.00		793,696.98		0.00		0.00		0.00		793,696.98		0.00		0.00		32,913,000.00
AF-4	76,351,000.00		2,145,081.36		0.00		0.00		0.00		2,145,081.36		0.00		0.00		76,351,000.00
AF-5	46,389,000.00		1,123,309.62		0.00		0.00		0.00		1,123,309.62		0.00		0.00		46,389,000.00
M-1	16,494,000.00		436,678.68		0.00		0.00		0.00		436,678.68		0.00		0.00		16,494,000.00
M-2	12,370,000.00		356,256.00		0.00		0.00		0.00		356,256.00		0.00		0.00		12,370,000.00
B-1	6,185,000.00		178,128.00		0.00		0.00		0.00		178,128.00		0.00		0.00		6,185,000.00
B-2	5,154,000.00		148,435.20		0.00		0.00		0.00		148,435.20		0.00		0.00		5,154,000.00
B-3	5,154,000.00		148,435.20		0.00		0.00		0.00		148,435.20		0.00		0.00		5,154,000.00
X	6,186,979.54		4,204,411.31		0.00		0.00		1,759.79		4,206,171.10		0.00		0.00		6,185,219.75
P	0.00		446,313.33		0.00		0.00		0.00		446,313.33		0.00		0.00		0.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	515,434,979.54		15,265,375.48		29,186,331.01		7,199,922.12		36,388,012.92		51,653,388.40		0.00		0.00		479,046,966.62


Interest Detail -
	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)
AV-1	3.46438%		123,848,768.39		333,712.71		0.00		0.00		0.00		333,712.71		333,712.71		0.00
AV-2	3.43438%		34,298,587.17		91,617.85		0.00		0.00		0.00		91,617.85		91,617.85		0.00
AF-2	4.31600%		123,802,000.00		445,274.53		0.00		0.00		0.00		445,274.53		445,274.53		0.00
AF-3	4.82300%		32,913,000.00		132,282.83		0.00		0.00		0.00		132,282.83		132,282.83		0.00
AF-4	5.61900%		76,351,000.00		357,513.56		0.00		0.00		0.00		357,513.56		357,513.56		0.00
AF-5	4.84300%		46,389,000.00		187,218.27		0.00		0.00		0.00		187,218.27		187,218.27		0.00
M-1	5.29500%		16,494,000.00		72,779.78		0.00		0.00		0.00		72,779.78		72,779.78		0.00
M-2	5.76000%		12,370,000.00		59,376.00		0.00		0.00		0.00		59,376.00		59,376.00		0.00
B-1	5.76000%		6,185,000.00		29,688.00		0.00		0.00		0.00		29,688.00		29,688.00		0.00
B-2	5.76000%		5,154,000.00		24,739.20		0.00		0.00		0.00		24,739.20		24,739.20		0.00
B-3	5.76000%		5,154,000.00		24,739.20		0.00		0.00		0.00		24,739.20		24,739.20		0.00
X	126.21068%		6,185,219.75		0.00		0.00		0.00		0.00		0.00		650,533.97		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		162,447.73		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			489,144,575.31		1,758,941.93		0.00		0.00		0.00		1,758,941.93		2,571,923.63		0.00



Page 3 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														10,097,608.69
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														10,097,608.69
Interest Collections														2,549,418.97
Interest Withdrawals														-0.00
Interest Fees														-167,999.11
Interest Other Accounts														162,447.73
TOTAL NET INTEREST														2,543,867.59
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														12,669,532.32



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															589,524.39
Curtailments															70,304.80
Prepayments In Full															9,437,779.50
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-9,043.70
Realized Losses															-0.00
Advanced Principal															9,043.70
TOTAL PRINCIPAL COLLECTED															10,097,608.69


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														2,581,011.72
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-28,056.04
Delinquent Interest														-61,149.61
Compensating Interest														28,056.04
Civil Relief Act Shortfalls														-0.00
Interest Advanced														57,612.90
TOTAL INTEREST COLLECTED														2,549,418.97


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														162,447.73
TOTAL INTEREST OTHER ACCOUNTS														162,447.73



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														165,961.01
Trustee Fees														2,038.10
TOTAL INTEREST FEES														167,999.11




Page 5 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
ACCOUNTS
														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
														Total
Overcollateralized Amount														6,185,219.75
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														6,185,219.75





Page 6 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														2,888
Prior														2,767
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-53
Repurchases														-0
Liquidations														-0
Current														2,714
Principal Balance:


Original														515,434,979.54
Prior														489,144,575.31
Prefunding														0.00
Scheduled Principal														-589,524.39
Partial Prepayments														-70,304.80
Full Voluntary Prepayments														-9,437,779.50
Repurchases														-0.00
Liquidations														-0.00
Current														479,046,966.62





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														5.85630%
Weighted Average Coupon Prior														6.33818%
Weighted Average Coupon Current														6.33190%
Weighted Average Months to Maturity Original														278
Weighted Average Months to Maturity Prior														308
Weighted Average Months to Maturity Current														307
Weighted Avg Remaining Amortization Term Original														279
Weighted Avg Remaining Amortization Term Prior														308
Weighted Avg Remaining Amortization Term Current														307
Weighted Average Seasoning Original														0.00
Weighted Average Seasoning Prior														9.03
Weighted Average Seasoning Current														10.03









Page 8 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														0.00000%
Weighted Average Margin Prior														0.00000%
Weighted Average Margin Current														0.00000%
Weighted Average Max Rate Original														0.00000%
Weighted Average Max Rate Prior														0.00000%
Weighted Average Max Rate Current														0.00000%
Weighted Average Min Rate Original														0.00000%
Weighted Average Min Rate Prior														0.00000%
Weighted Average Min Rate Current														0.00000%
Weighted Average Cap Up Original														0.00000%
Weighted Average Cap Up Prior														0.00000%
Weighted Average Cap Up Current														0.00000%
Weighted Average Cap Down Original														0.00000%
Weighted Average Cap Down Prior														0.00000%
Weighted Average Cap Down Current														0.00000%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														165,961.01
Delinquent Servicing Fees														3,536.70
TOTAL SERVICING FEES														169,497.71


Total Servicing Fees														169,497.71
Compensating Interest														-28,056.04
Delinquent Servicing Fees														-3,536.70
COLLECTED SERVICING FEES														165,961.01


Total Advanced Interest														57,612.90
Total Advanced Principal														9,043.70
Aggregate Advances with respect to this Distribution														66,656.60





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														28,056.04
Compensating Interest														-28,056.04
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														479,046,966.62
Weighted Average Net Mortgage Rate														5.911077%




Page 9 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				543,307.93		94,773.85		0.00		638,081.78
			% Balance				0.11%		0.02%		0.00%		0.13%
			# Loans				5		2		0		7
			% # Loans				0.18%		0.07%		0.00%		0.26%
	FORECLOSURE		Balance		107,962.30		0.00		138,894.00		704,638.65		951,494.95
			% Balance		0.02%		0.00%		0.03%		0.15%		0.20%
			# Loans		1		0		1		9		11
			% # Loans		0.04%		0.00%		0.04%		0.33%		0.41%
	BANKRUPTCY		Balance		51,657.40		25,456.33		0.00		82,044.72		159,158.45
			% Balance		0.01%		0.01%		0.00%		0.02%		0.03%
			# Loans		1		1		0		2		4
			% # Loans		0.04%		0.04%		0.00%		0.07%		0.15%
	REO		Balance		0.00		0.00		0.00		67,188.38		67,188.38
			% Balance		0.00%		0.00%		0.00%		0.01%		0.01%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.07%		0.07%
	TOTAL		Balance		159,619.70		568,764.26		233,667.85		853,871.75		1,815,923.56
			% Balance		0.03%		0.12%		0.05%		0.18%		0.38%
			# Loans		2		6		3		13		24
			% # Loans		0.07%		0.22%		0.11%		0.48%		0.88%









Page 10 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 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
139743355 1
139743355 1			29,250.00		28,859.54		01-Oct-2004		8.125%		MO - 84.78%		360		01-Nov-2004

139919435 1			38,542.00		38,328.84		01-Jan-2005		9.250%		TX - 90.00%		360		01-Oct-2004


TOTAL			67,792.00		67,188.38


Page 11 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 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
139036412 1
139036412 1			41,200.00		41,029.60		01-Nov-2004		10.500%		OH - 80.00%		360		01-Oct-2004

139050793 1			80,000.00		79,543.25		01-Jan-2005		8.950%		TX - 80.00%		360		01-Oct-2004
139459077 1			56,800.00		55,090.41		01-Jan-2005		7.875%		IA - 81.14%		180		01-Oct-2004
139460927 1			48,750.00		47,473.97		01-Feb-2005		9.500%		TX - 75.00%		180		01-Oct-2004
139521744 1			109,800.00		108,753.66		01-Feb-2005		7.330%		SC - 90.00%		360		01-Aug-2004
139640791 1			54,600.00		54,306.83		01-Feb-2005		9.250%		MO - 71.84%		360		01-Oct-2004
139642235 1			157,000.00		155,967.31		01-Dec-2004		8.250%		LA - 89.71%		180		01-Oct-2004
139712566 1			140,000.00		138,894.00		01-Mar-2005		7.325%		MD - 82.35%		180		01-Oct-2004
139736805 1			35,000.00		34,708.89		01-Feb-2005		7.250%		IN - 71.43%		360		01-Nov-2004
139744056 1			128,700.00		127,764.73		01-Nov-2004		7.750%		AZ - 90.00%		360		01-Oct-2004
139896492 1			111,300.00		107,962.30		01-May-2005		6.625%		MT - 70.00%		180		01-Nov-2004


TOTAL			963,150.00		951,494.95


Page 12 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														53
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														53
Curtailments Amount														70,304.80
Paid in Full Balance														9,437,779.50
Repurchased Loans Balance														0.00
Total Prepayment Amount														9,508,084.30

Cumulative


Number of Paid in Full Loans														174
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														174
Paid in Full Balance														32,356,555.24
Repurchased Loans Balance														0.00
Curtailments Amount														431,230.07
Total Prepayment Amount														32,787,785.31










Page 13 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														1.95%
3 Months Avg SMM														1.50%
12 Months Avg SMM														1.10%
Avg SMM Since Cut-off														1.09%


CPR														21.01%
3 Months Avg CPR														16.57%
12 Months Avg CPR														12.38%
Avg CPR Since Cut-off														12.38%


PSA														1,047.63%
3 Months Avg PSA Approximation														918.04%
12 Months Avg PSA Approximation														821.86%
Avg PSA Since Cut-off Approximation														924.79%










Page 14 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 15 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 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

135402485 1			52,000.00		51,433.34			03-Jun-2005		7.500%		NJ - 52.00%		Paid Off - 360		01-May-2004
			52,000.00

137330312 1			104,000.00		102,882.15			01-Jun-2005		6.875%		NJ - 83.20%		Paid Off - 360		01-Jul-2004
137330312 1					102,882.15			01-Jun-2005		6.875%		NJ - 83.20%		Paid Off - 360		01-Jul-2004
137983474 1			56,000.00		55,683.81			01-Jun-2005		9.990%		FL - 80.00%		Paid Off - 360		01-Jul-2004
137983474 1					55,683.81			01-Jun-2005		9.990%		FL - 80.00%		Paid Off - 360		01-Jul-2004
138077292 1			172,800.00		171,143.15			21-Jun-2005		6.875%		NV - 90.00%		Paid Off - 360		01-Aug-2004
138077292 1					171,143.15			21-Jun-2005		6.875%		NV - 90.00%		Paid Off - 360		01-Aug-2004
138193495 1			291,000.00		288,011.66			01-Jun-2005		5.375%		CA - 64.67%		Paid Off - 360		01-Oct-2004
138193495 1					288,011.66			01-Jun-2005		5.375%		CA - 64.67%		Paid Off - 360		01-Oct-2004
138298328 1			333,600.00		329,680.02			30-Jun-2005		5.500%		CA - 80.00%		Paid Off - 180		01-Nov-2004
138298328 1					329,680.02			30-Jun-2005		5.500%		CA - 80.00%		Paid Off - 180		01-Nov-2004
138429162 1			128,700.00		127,692.19			24-Jun-2005		8.775%		NJ - 90.00%		Paid Off - 180		01-Aug-2004
138429162 1					127,692.19			24-Jun-2005		8.775%		NJ - 90.00%		Paid Off - 180		01-Aug-2004
138510433 1			22,400.00		22,233.12			23-Jun-2005		7.625%		NY - 80.00%		Paid Off - 360		01-Sep-2004
138510433 1					22,233.12			23-Jun-2005		7.625%		NY - 80.00%		Paid Off - 360		01-Sep-2004
138516844 1			119,000.00		117,464.54			15-Jun-2005		7.250%		DC - 85.00%		Paid Off - 360		01-Oct-2004
138516844 1					117,464.54			15-Jun-2005		7.250%		DC - 85.00%		Paid Off - 360		01-Oct-2004
138609037 1			210,000.00		208,034.87			07-Jun-2005		5.875%		CA - 70.00%		Paid Off - 360		01-Oct-2004
138609037 1					208,034.87			07-Jun-2005		5.875%		CA - 70.00%		Paid Off - 360		01-Oct-2004
138653472 1			600,000.00		594,308.06			15-Jun-2005		6.375%		CA - 74.53%		Paid Off - 180		01-Sep-2004
138653472 1					594,308.06			15-Jun-2005		6.375%		CA - 74.53%		Paid Off - 180		01-Sep-2004
138782172 1			118,950.00		117,738.78			08-Jun-2005		6.000%		IN - 65.00%		Paid Off - 360		01-Sep-2004
138782172 1					117,738.78			08-Jun-2005		6.000%		IN - 65.00%		Paid Off - 360		01-Sep-2004
138859871 1			269,500.00		267,013.27			24-Jun-2005		5.950%		CA - 70.00%		Paid Off - 360		01-Oct-2004
138859871 1					267,013.27			24-Jun-2005		5.950%		CA - 70.00%		Paid Off - 360		01-Oct-2004
138911607 1			192,000.00		185,708.99			27-Jun-2005		6.375%		NE - 80.00%		Paid Off - 180		01-Nov-2004
138911607 1					185,708.99			27-Jun-2005		6.375%		NE - 80.00%		Paid Off - 180		01-Nov-2004
138916945 1			29,545.00		29,366.19			09-Jun-2005		8.125%		MI - 95.00%		Paid Off - 360		01-Oct-2004
138916945 1					29,366.19			09-Jun-2005		8.125%		MI - 95.00%		Paid Off - 360		01-Oct-2004
138970801 1			35,000.00		34,094.55			23-Jun-2005		8.375%		KS - 58.33%		Paid Off - 180		01-Oct-2004
138970801 1					34,094.55			23-Jun-2005		8.375%		KS - 58.33%		Paid Off - 180		01-Oct-2004
139070247 1			194,400.00		192,744.58			30-Jun-2005		6.375%		WY - 80.00%		Paid Off - 180		01-Oct-2004
139070247 1					192,744.58			30-Jun-2005		6.375%		WY - 80.00%		Paid Off - 180		01-Oct-2004
139107908 1			56,250.00		55,923.95			02-Jun-2005		8.875%		GA - 75.00%		Paid Off - 360		01-Sep-2004
139107908 1					55,923.95			02-Jun-2005		8.875%		GA - 75.00%		Paid Off - 360		01-Sep-2004
139139059 1			207,000.00		205,237.28			03-Jun-2005		6.375%		NY - 82.80%		Paid Off - 360		01-Oct-2004
139139059 1					205,237.28			03-Jun-2005		6.375%		NY - 82.80%		Paid Off - 360		01-Oct-2004
139211395 1			425,000.00		422,235.42			30-Jun-2005		7.875%		NY - 50.00%		Paid Off - 360		01-Oct-2004
139211395 1					422,235.42			30-Jun-2005		7.875%		NY - 50.00%		Paid Off - 360		01-Oct-2004
139213227 1			159,920.00		158,444.37			07-Jun-2005		5.950%		MD - 80.00%		Paid Off - 180		01-Oct-2004
139213227 1					158,444.37			07-Jun-2005		5.950%		MD - 80.00%		Paid Off - 180		01-Oct-2004
139217996 1			58,000.00		56,409.12			22-Jun-2005		7.750%		TX - 50.43%		Paid Off - 180		01-Oct-2004
139217996 1					56,409.12			22-Jun-2005		7.750%		TX - 50.43%		Paid Off - 180		01-Oct-2004
139224422 1			310,800.00		307,605.57			03-Jun-2005		5.950%		MD - 79.69%		Paid Off - 360		01-Sep-2004
139224422 1					307,605.57			03-Jun-2005		5.950%		MD - 79.69%		Paid Off - 360		01-Sep-2004
139324875 1			153,000.00		149,099.66			07-Jun-2005		7.125%		PA - 62.70%		Paid Off - 180		01-Nov-2004
139324875 1					149,099.66			07-Jun-2005		7.125%		PA - 62.70%		Paid Off - 180		01-Nov-2004
139333835 1			100,000.00		96,977.35			28-Jun-2005		6.950%		ID - 71.43%		Paid Off - 180		01-Oct-2004
139333835 1					96,977.35			28-Jun-2005		6.950%		ID - 71.43%		Paid Off - 180		01-Oct-2004
139355929 1			301,750.00		299,415.38			06-Jun-2005		6.875%		CA - 85.00%		Paid Off - 360		01-Oct-2004
139355929 1					299,415.38			06-Jun-2005		6.875%		CA - 85.00%		Paid Off - 360		01-Oct-2004
139385223 1			37,500.00		37,337.27			15-Jun-2005		9.750%		KS - 75.00%		Paid Off - 360		01-Oct-2004
139385223 1					37,337.27			15-Jun-2005		9.750%		KS - 75.00%		Paid Off - 360		01-Oct-2004
139407514 1			34,300.00		33,249.44			16-Jun-2005		6.950%		PA - 70.00%		Paid Off - 360		01-Oct-2004
139407514 1					33,249.44			16-Jun-2005		6.950%		PA - 70.00%		Paid Off - 360		01-Oct-2004
139439392 1			289,000.00		286,539.07			22-Jun-2005		6.375%		CA - 74.10%		Paid Off - 180		01-Oct-2004
139439392 1					286,539.07			22-Jun-2005		6.375%		CA - 74.10%		Paid Off - 180		01-Oct-2004
139455745 1			348,750.00		345,708.97			01-Jun-2005		6.250%		CA - 75.00%		Paid Off - 360		01-Oct-2004
139455745 1					345,708.97			01-Jun-2005		6.250%		CA - 75.00%		Paid Off - 360		01-Oct-2004
139457667 1			173,000.00		170,931.18			03-Jun-2005		6.875%		VA - 84.39%		Paid Off - 360		01-Oct-2004
139457667 1					170,931.18			03-Jun-2005		6.875%		VA - 84.39%		Paid Off - 360		01-Oct-2004
139464721 1			206,100.00		204,808.79			13-Jun-2005		7.950%		IL - 90.00%		Paid Off - 180		01-Oct-2004
139464721 1					204,808.79			13-Jun-2005		7.950%		IL - 90.00%		Paid Off - 180		01-Oct-2004
139530943 1			121,500.00		120,727.39			14-Jun-2005		7.875%		GA - 90.00%		Paid Off - 360		01-Oct-2004
139530943 1					120,727.39			14-Jun-2005		7.875%		GA - 90.00%		Paid Off - 360		01-Oct-2004
139530976 1			81,000.00		80,440.11			23-Jun-2005		7.500%		MI - 79.80%		Paid Off - 360		01-Oct-2004
139530976 1					80,440.11			23-Jun-2005		7.500%		MI - 79.80%		Paid Off - 360		01-Oct-2004
139534192 1			108,500.00		107,672.61			30-Jun-2005		6.950%		NE - 70.00%		Paid Off - 360		01-Oct-2004
139534192 1					107,672.61			30-Jun-2005		6.950%		NE - 70.00%		Paid Off - 360		01-Oct-2004
139568091 1			167,000.00		165,675.10			02-Jun-2005		6.750%		NV - 53.87%		Paid Off - 360		01-Oct-2004
139568091 1					165,675.10			02-Jun-2005		6.750%		NV - 53.87%		Paid Off - 360		01-Oct-2004
139573752 1			270,000.00		268,195.82			23-Jun-2005		7.625%		PA - 90.00%		Paid Off - 360		01-Oct-2004
139573752 1					268,195.82					7.625%		PA - 90.00%		Paid Off - 360


Page 16 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 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

139575526 1			207,000.00		205,511.02			02-Jun-2005		7.250%		VA - 90.00%		Paid Off - 360		01-Oct-2004
			207,000.00

139579494 1			249,000.00		247,026.57			21-Jun-2005		6.750%		DC - 65.01%		Paid Off - 360		01-Oct-2004
139579494 1					247,026.57			21-Jun-2005		6.750%		DC - 65.01%		Paid Off - 360		01-Oct-2004
139620223 1			240,000.00		237,785.44			28-Jun-2005		5.950%		CA - 80.00%		Paid Off - 180		01-Oct-2004
139620223 1					237,785.44			28-Jun-2005		5.950%		CA - 80.00%		Paid Off - 180		01-Oct-2004
139660211 1			123,500.00		119,954.09			30-Jun-2005		8.250%		TN - 95.00%		Paid Off - 180		01-Oct-2004
139660211 1					119,954.09			30-Jun-2005		8.250%		TN - 95.00%		Paid Off - 180		01-Oct-2004
139676647 1			236,000.00		234,080.25			01-Jun-2005		7.175%		CA - 80.00%		Paid Off - 360		01-Sep-2004
139676647 1					234,080.25			01-Jun-2005		7.175%		CA - 80.00%		Paid Off - 360		01-Sep-2004
139705412 1			70,000.00		69,474.33			01-Jun-2005		7.500%		IA - 67.31%		Paid Off - 360		01-Nov-2004
139705412 1					69,474.33			01-Jun-2005		7.500%		IA - 67.31%		Paid Off - 360		01-Nov-2004
139764443 1			250,000.00		248,157.24			24-Jun-2005		6.500%		MA - 79.37%		Paid Off - 360		01-Nov-2004
139764443 1					248,157.24			24-Jun-2005		6.500%		MA - 79.37%		Paid Off - 360		01-Nov-2004
139834345 1			208,000.00		206,503.18			01-Jun-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Nov-2004
139834345 1					206,503.18			01-Jun-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Nov-2004
139837173 1			47,650.00		46,302.25			22-Jun-2005		5.875%		TX - 36.10%		Paid Off - 180		01-Nov-2004
139837173 1					46,302.25			22-Jun-2005		5.875%		TX - 36.10%		Paid Off - 180		01-Nov-2004
139918452 1			109,500.00		108,745.45			01-Jun-2005		6.850%		MD - 20.66%		Paid Off - 360		01-Nov-2004
139918452 1					108,745.45			01-Jun-2005		6.850%		MD - 20.66%		Paid Off - 360		01-Nov-2004
139921803 1			293,000.00		285,530.95			16-Jun-2005		7.125%		VA - 89.88%		Paid Off - 180		01-Nov-2004
139921803 1					285,530.95			16-Jun-2005		7.125%		VA - 89.88%		Paid Off - 180		01-Nov-2004
140006982 1			195,000.00		193,305.25			22-Jun-2005		7.500%		MD - 81.25%		Paid Off - 360		01-Nov-2004
140006982 1					193,305.25			22-Jun-2005		7.500%		MD - 81.25%		Paid Off - 360		01-Nov-2004
140012774 1			180,000.00		178,406.85			08-Jun-2005		6.875%		DC - 90.00%		Paid Off - 180		01-Nov-2004
140012774 1					178,406.85			08-Jun-2005		6.875%		DC - 90.00%		Paid Off - 180		01-Nov-2004
140013426 1			160,000.00		159,280.69			21-Jun-2005		8.990%		MD - 87.91%		Paid Off - 360		01-Nov-2004
140013426 1					159,280.69			21-Jun-2005		8.990%		MD - 87.91%		Paid Off - 360		01-Nov-2004
140093295 1			133,450.00		132,640.06			01-Jun-2005		7.500%		MD - 85.00%		Paid Off - 360		01-Nov-2004
140093295 1					132,640.06			01-Jun-2005		7.500%		MD - 85.00%		Paid Off - 360		01-Nov-2004
140242363 1			299,371.00		297,208.76			01-Jun-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
140242363 1					297,208.76			01-Jun-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Nov-2004


TOTAL			9,538,736.00		9,437,779.50
TOTAL


Page 17 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



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

Cumulative
Cumulative



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










Page 18 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution


DEFAULT SPEEDS



															Total



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


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


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


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












Page 19 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 20 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

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

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




TOTAL



Page 21 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														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								1,008,993.14
						(2) Stated Principal Balance								479,046,966.62
						60+ Day Delinquency % ( (1)/(2) )								0.21%
						(3) 60% of Senior Enhancement %								6.46%

						(ii) The quotient of ( (4)/(5) > (6))
						(4) Aggregate Cumulative Realized Loss								0.00
						(5) Cutoff Date Pool Principal Balance
						Trigger Event Loss % ( (4)/(5) )								0.000000%
						(6) Applicable Loss %								0.00%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Net Monthly Excess Cashflow														650,533.97
Net Monthly Excess Cashflow Alloc to Losses														0.00
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00

Current LIBOR Rate														3.314380%
Next LIBOR Rate														3.460000%




Page 22 of 23
GSAA Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Current Scheduled Payments														3,170,536.11
Current Scheduled Payments 1 Month Prior														3,227,271.03
Current Scheduled Payments 2 Month Prior														3,261,351.35
Current Scheduled Payments 3 Month Prior														3,294,541.97
Current Scheduled Payments 4 Month Prior														3,352,537.07
Current Scheduled Payments 5 Month Prior														3,142,343.09
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														10,196.90
Delinq. 60+ Sched. Pmnts, 1 Month Prior														6,055.70
Delinq. 60+ Sched. Pmnts, 2 Month Prior														7,966.11
Delinq. 60+ Sched. Pmnts, 3 Month Prior														5,314.29
Delinq. 60+ Sched. Pmnts, 4 Month Prior														2,176.75
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 23 of 23

GS Mortgage GSAA Home Equity Trust 2005-1 8-K