
                                     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 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
     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
                                  Pooling and Servicing Agreement on
                                  behalf of GS Mortgage Securities
                                  Corporation, Registrant


          Date:  Jul 25, 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.



GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Goldman Sachs & Co.
										2. Collection Account Report					4

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

										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					16
										9. Prepayment Detail Report					19

										10. Realized Loss Report					25
										11. Realized Loss Detail Report					28
				Servicer(s)
										12. Triggers and Adj. Cert. Report					29
				Chase Manhattan Mortgage
										13. Other Related Information					30
				Countrywide Funding Corporation

				Ocwen Federal


				Underwriter(s)
				Goldman Sachs & Co.


										Total Number of Pages					30


				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

										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
										Main Phone Number:			(714) 247-6000

							July 22, 2005


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






Page 1 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal

Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


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

A-1A	FLT	$	248,741,000.00		212,879,640.22		590,078.20		11,073,945.54		11,664,023.74		0.00		0.00		201,805,694.68

A-1B	FLT	$	62,185,000.00		53,219,696.09		151,657.66		2,768,475.26		2,920,132.92		0.00		0.00		50,451,220.83
A-2A	FLT	$	91,591,000.00		65,925,671.74		177,099.00		9,944,501.57		10,121,600.57		0.00		0.00		55,981,170.17
A-2B	FLT	$	49,331,000.00		49,331,000.00		137,123.56		0.00		137,123.56		0.00		0.00		49,331,000.00
A-2C	FLT	$	25,890,000.00		25,890,000.00		74,381.52		0.00		74,381.52		0.00		0.00		25,890,000.00
A-2D	FLT	$	147,210,000.00		124,560,592.45		347,205.15		8,775,927.85		9,123,133.00		0.00		0.00		115,784,664.60
M-1	MEZ	$	54,086,000.00		54,086,000.00		160,435.42		0.00		160,435.42		0.00		0.00		54,086,000.00
M-2	MEZ	$	44,216,000.00		44,216,000.00		144,224.38		0.00		144,224.38		0.00		0.00		44,216,000.00
M-3	MEZ	$	11,844,000.00		11,844,000.00		40,198.74		0.00		40,198.74		0.00		0.00		11,844,000.00
B-1	SUB	$	12,238,000.00		12,238,000.00		46,770.35		0.00		46,770.35		0.00		0.00		12,238,000.00
B-2	SUB	$	9,475,000.00		9,475,000.00		36,947.74		0.00		36,947.74		0.00		0.00		9,475,000.00
B-3	SUB	$	7,896,000.00		7,896,000.00		36,930.86		0.00		36,930.86		0.00		0.00		7,896,000.00
B-4	SUB	$	9,475,000.00		9,475,000.00		47,368.01		0.00		47,368.01		0.00		0.00		9,475,000.00
X	EXE	$	15,396,748.31		15,396,707.59		1,871,621.11		0.00		1,871,621.11		0.00		0.00		15,396,707.59
P	SUB	$	0.00		0.00		676,178.06		0.00		676,178.06		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		696,433,308.09		4,538,219.76		32,562,850.22		37,101,069.98		0.00		0.00		663,870,457.87





Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current

	Period		Period						(with Notional)		Principal						Total	Principal

Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	06/27/05		07/24/05		A-Act/360		36242DRT2		248,741,000.00		855.828513		2.372259		44.519985		46.892244	811.308528
A-1B	06/27/05		07/24/05		A-Act/360		36242DRU9		62,185,000.00		855.828513		2.438814		44.519985		46.958799	811.308528
A-2A	06/27/05		07/24/05		A-Act/360		36242DRV7		91,591,000.00		719.783295		1.933585		108.575095		110.508681	611.208199
A-2B	06/27/05		07/24/05		A-Act/360		36242DSH7		49,331,000.00		1,000.000000		2.779663		0.000000		2.779663	1,000.000000
A-2C	06/27/05		07/24/05		A-Act/360		36242DSJ3		25,890,000.00		1,000.000000		2.872983		0.000000		2.872983	1,000.000000
A-2D	06/27/05		07/24/05		A-Act/360		36242DSK0		147,210,000.00		846.142194		2.358570		59.615025		61.973596	786.527169
M-1	06/27/05		07/24/05		A-Act/360		36242DRW5		54,086,000.00		1,000.000000		2.966302		0.000000		2.966302	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		36242DRX3		44,216,000.00		1,000.000000		3.261814		0.000000		3.261814	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		36242DRY1		11,844,000.00		1,000.000000		3.394017		0.000000		3.394017	1,000.000000
B-1	06/27/05		07/24/05		A-Act/360		36242DRZ8		12,238,000.00		1,000.000000		3.821731		0.000000		3.821731	1,000.000000
B-2	06/27/05		07/24/05		A-Act/360		36242DSA2		9,475,000.00		1,000.000000		3.899498		0.000000		3.899498	1,000.000000
B-3	06/27/05		07/24/05		A-Act/360		36242DSB0		7,896,000.00		1,000.000000		4.677161		0.000000		4.677161	1,000.000000
B-4	06/25/05		07/24/05		A-30/360		36242DSC8		9,475,000.00		1,000.000000		4.999262		0.000000		4.999262	1,000.000000
X	06/25/05		07/24/05		A-30/360		36242DSD6		15,396,748.31		999.997355		121.559505		0.000000		121.559505	999.997355
P	06/25/05		07/24/05		A-30/360		36242DSE4		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
UT-R	06/25/05		07/24/05		A-30/360		36242DSF1		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

Distribution to Date - REMIC II
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	248,741,000.00		3,628,158.13		45,791,970.26		1,143,335.06		46,935,305.32		50,563,463.45		0.00		0.00		201,805,694.68
A-1B	62,185,000.00		935,812.86		11,447,946.55		285,832.61		11,733,779.17		12,669,592.03		0.00		0.00		50,451,220.83
A-2A	91,591,000.00		1,206,632.51		34,857,105.05		752,724.78		35,609,829.83		36,816,462.34		0.00		0.00		55,981,170.17
A-2B	49,331,000.00		778,820.82		0.00		0.00		0.00		778,820.82		0.00		0.00		49,331,000.00
A-2C	25,890,000.00		424,188.62		0.00		0.00		0.00		424,188.62		0.00		0.00		25,890,000.00
A-2D	147,210,000.00		2,161,873.74		30,761,062.95		664,272.45		31,425,335.40		33,587,209.14		0.00		0.00		115,784,664.60
M-1	54,086,000.00		918,427.64		0.00		0.00		0.00		918,427.64		0.00		0.00		54,086,000.00
M-2	44,216,000.00		834,362.16		0.00		0.00		0.00		834,362.16		0.00		0.00		44,216,000.00
M-3	11,844,000.00		233,508.48		0.00		0.00		0.00		233,508.48		0.00		0.00		11,844,000.00
B-1	12,238,000.00		274,740.68		0.00		0.00		0.00		274,740.68		0.00		0.00		12,238,000.00
B-2	9,475,000.00		217,422.61		0.00		0.00		0.00		217,422.61		0.00		0.00		9,475,000.00
B-3	7,896,000.00		220,446.28		0.00		0.00		0.00		220,446.28		0.00		0.00		7,896,000.00
B-4	9,475,000.00		284,223.41		0.00		0.00		0.00		284,223.41		0.00		0.00		9,475,000.00
X	15,396,748.31		13,354,484.41		0.00		0.00		40.72		13,354,525.13		0.00		0.00		15,396,707.59
P	0.00		2,630,546.94		0.00		0.00		0.00		2,630,546.94		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		28,103,649.29		122,858,084.81		2,846,164.90		125,704,290.44		153,807,939.73		0.00		0.00		663,870,457.87


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


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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.56438%		212,879,640.22		590,165.28		87.08		0.00		0.00		590,078.20		590,078.20		0.00
A-1B	3.66438%		53,219,696.09		151,680.04		22.38		0.00		0.00		151,657.66		151,657.66		0.00
A-2A	3.45438%		65,925,671.74		177,125.14		26.14		0.00		0.00		177,099.00		177,099.00		0.00
A-2B	3.57438%		49,331,000.00		137,143.80		20.24		0.00		0.00		137,123.56		137,123.56		0.00
A-2C	3.69438%		25,890,000.00		74,392.50		10.98		0.00		0.00		74,381.52		74,381.52		0.00
A-2D	3.58438%		124,560,592.45		347,256.39		51.24		0.00		0.00		347,205.15		347,205.15		0.00
M-1	3.81438%		54,086,000.00		160,459.10		23.68		0.00		0.00		160,435.42		160,435.42		0.00
M-2	4.19438%		44,216,000.00		144,245.66		21.28		0.00		0.00		144,224.38		144,224.38		0.00
M-3	4.36438%		11,844,000.00		40,204.67		5.93		0.00		0.00		40,198.74		40,198.74		0.00
B-1	4.91438%		12,238,000.00		46,777.25		6.90		0.00		0.00		46,770.35		46,770.35		0.00
B-2	5.01438%		9,475,000.00		36,953.19		5.45		0.00		0.00		36,947.74		36,947.74		0.00
B-3	6.01438%		7,896,000.00		36,936.31		5.45		0.00		0.00		36,930.86		36,930.86		0.00
B-4	6.00000%		9,475,000.00		47,375.00		6.99		0.00		0.00		47,368.01		47,368.01		0.00
X	145.87179%		15,396,707.59		0.00		0.00		0.00		0.00		0.00		1,871,621.11		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		676,178.06		0.00
UT-R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			696,433,308.09		1,990,714.33		293.74		0.00		0.00		1,990,420.59		4,538,219.76		0.00



Page 3 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										18,621,184.62		13,769,036.36		32,390,220.98
Principal Withdrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										18,621,184.62		13,769,036.36		32,390,220.98
Interest Collections										2,048,765.47		2,040,565.69		4,089,331.16
Interest Withdrawals										-0.00		-7,900.80		-7,900.80
Interest Fees										-23,792.63		-22,966.79		-46,759.42
Interest Other Accounts														676,178.06
TOTAL NET INTEREST										2,024,972.84		2,009,698.10		4,710,849.00
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														37,101,069.98



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											216,934.44		224,821.74		441,756.18
Curtailments											10,951.04		259,028.98		269,980.02
Prepayments In Full											17,508,306.45		13,267,922.36		30,776,228.81
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											1,028,237.28		46,647.93		1,074,885.21
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-193,508.20		-200,923.86		-394,432.06
Realized Losses											-143,244.59		-29,384.65		-172,629.24
Advanced Principal											193,508.20		200,923.86		394,432.06
TOTAL PRINCIPAL COLLECTED											18,621,184.62		13,769,036.36		32,390,220.98


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										2,164,820.45		2,164,119.65		4,328,940.10
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										7,108.06		480.03		7,588.09
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-51,382.98		-40,137.88		-91,520.86
Delinquent Interest										-1,842,857.36		-1,856,002.73		-3,698,860.09
Compensating Interest										51,382.98		40,137.88		91,520.87
Civil Relief Act Shortfalls										-0.00		-293.74		-293.74
Interest Advanced										1,719,694.31		1,732,262.48		3,451,956.79
TOTAL INTEREST COLLECTED										2,048,765.47		2,040,565.69		4,089,331.16


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		7,900.80		7,900.80



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														676,178.06
Interest Cap Payment														0.00
TOTAL INTEREST OTHER ACCOUNTS														676,178.06



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										22,050.07		21,227.18		43,277.25
Trustee Fees										1,742.56		1,739.61		3,482.17
TOTAL INTEREST FEES										23,792.63		22,966.79		46,759.42




Page 5 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Credit Enhancement Report
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

										Group 2		Group 1		Total
Overcollateralized Amount														15,396,707.59
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														172,629.24
Overcollateralization Target Amount														15,396,707.59





Page 6 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,324		2,699		5,023
Prior										2,075		2,427		4,502
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-93		-96		-189
Repurchases										-0		-0		-0
Liquidations										-4		-2		-6
Current										1,978		2,329		4,307
Principal Balance:


Original										396,743,119.54		392,831,628.77		789,574,748.31
Prior										348,511,468.93		347,921,839.16		696,433,308.09
Prefunding										0.00		0.00		0.00
Scheduled Principal										-216,934.44		-224,821.74		-441,756.18
Partial Prepayments										-10,951.04		-259,028.98		-269,980.02
Full Voluntary Prepayments										-17,508,306.45		-13,267,922.36		-30,776,228.81
Repurchases										-0.00		-0.00		-0.00
Liquidations										-1,028,237.28		-46,647.93		-1,074,885.21
Current										329,747,039.72		334,123,418.15		663,870,457.87





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.51093%		7.54068%		7.52573%
Weighted Average Coupon Prior										7.48137%		7.50463%		7.49293%
Weighted Average Coupon Current										7.47842%		7.49191%		7.48516%
Weighted Average Months to Maturity Original										350		350		350
Weighted Average Months to Maturity Prior										345		346		345
Weighted Average Months to Maturity Current										344		345		344
Weighted Avg Remaining Amortization Term Original										350		350		350
Weighted Avg Remaining Amortization Term Prior										345		346		345
Weighted Avg Remaining Amortization Term Current										344		345		344
Weighted Average Seasoning Original										5.10		4.98		5.04
Weighted Average Seasoning Prior										9.08		8.96		9.02
Weighted Average Seasoning Current										10.07		9.95		10.01









Page 8 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										6.95844%		6.94757%		6.95298%
Weighted Average Margin Prior										6.94716%		6.93933%		6.94323%
Weighted Average Margin Current										6.94587%		6.93170%		6.93871%
Weighted Average Max Rate Original										14.29522%		14.30112%		14.29818%
Weighted Average Max Rate Prior										14.26006%		14.26663%		14.26336%
Weighted Average Max Rate Current										14.25423%		14.25058%		14.25238%
Weighted Average Min Rate Original										7.33875%		7.35674%		7.34778%
Weighted Average Min Rate Prior										7.30628%		7.32146%		7.31391%
Weighted Average Min Rate Current										7.29659%		7.30453%		7.30061%
Weighted Average Cap Up Original										1.25838%		1.24206%		1.25019%
Weighted Average Cap Up Prior										1.25935%		1.24117%		1.25021%
Weighted Average Cap Up Current										1.26182%		1.24175%		1.25168%
Weighted Average Cap Down Original										1.25838%		1.24206%		1.25019%
Weighted Average Cap Down Prior										1.25935%		1.24117%		1.25021%
Weighted Average Cap Down Current										1.26182%		1.24175%		1.25168%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										22,050.07		21,227.18		43,277.25
Delinquent Servicing Fees										123,163.05		123,740.25		246,903.30
TOTAL SERVICING FEES										145,213.12		144,967.43		290,180.55


Total Servicing Fees										145,213.12		144,967.43		290,180.55
Compensating Interest										-51,382.98		-40,137.88		-91,520.87
Delinquent Servicing Fees										-123,163.05		-123,740.25		-246,903.30
COLLECTED SERVICING FEES										22,050.07		21,227.18		-48,243.61


Total Advanced Interest										1,719,694.31		1,732,262.48		3,451,956.79
Total Advanced Principal										193,508.20		200,923.86		394,432.06
Aggregate Advances with respect to this Distribution										1,913,202.51		1,933,186.34		3,846,388.85





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										51,382.98		40,137.88		91,520.86
Compensating Interest										-51,382.98		-40,137.88		-91,520.87
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00


Ending Pool Stated Principal Balance										329,747,039.72		334,123,418.15		663,870,457.87
Weighted Average Net Mortgage Rate										6.972417%		6.931550%		6.952001%




Page 9 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				16,899,542.77		4,154,232.22		3,587,832.72		24,641,607.71
			% Balance				2.55%		0.63%		0.54%		3.71%
			# Loans				119		29		53		201
			% # Loans				2.76%		0.67%		1.23%		4.67%
	FORECLOSURE		Balance		0.00		149,295.73		4,495,392.47		13,810,730.74		18,455,418.94
			% Balance		0.00%		0.02%		0.68%		2.08%		2.78%
			# Loans		0		1		23		74		98
			% # Loans		0.00%		0.02%		0.53%		1.72%		2.28%
	BANKRUPTCY		Balance		1,078,519.28		122,923.16		412,293.42		1,552,218.75		3,165,954.61
			% Balance		0.16%		0.02%		0.06%		0.23%		0.48%
			# Loans		10		1		3		11		25
			% # Loans		0.23%		0.02%		0.07%		0.26%		0.58%
	REO		Balance		0.00		0.00		0.00		340,593.78		340,593.78
			% Balance		0.00%		0.00%		0.00%		0.05%		0.05%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.05%		0.05%
	TOTAL		Balance		1,078,519.28		17,171,761.66		9,061,918.11		19,291,375.99		46,603,575.04
			% Balance		0.16%		2.59%		1.37%		2.91%		7.02%
			# Loans		10		121		55		140		326
			% # Loans		0.23%		2.81%		1.28%		3.25%		7.57%









Page 10 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,023,440.53		1,914,778.52		1,268,733.20		12,206,952.25
			% Balance				2.70%		0.57%		0.38%		3.65%
			# Loans				74		14		18		106
			% # Loans				3.18%		0.60%		0.77%		4.55%
	FORECLOSURE		Balance		0.00		0.00		2,390,898.91		6,777,212.84		9,168,111.75
			% Balance		0.00%		0.00%		0.72%		2.03%		2.74%
			# Loans		0		0		13		40		53
			% # Loans		0.00%		0.00%		0.56%		1.72%		2.28%
	BANKRUPTCY		Balance		612,003.69		122,923.16		201,793.01		1,035,133.37		1,971,853.23
			% Balance		0.18%		0.04%		0.06%		0.31%		0.59%
			# Loans		6		1		1		7		15
			% # Loans		0.26%		0.04%		0.04%		0.30%		0.64%
	REO		Balance		0.00		0.00		0.00		340,593.78		340,593.78
			% Balance		0.00%		0.00%		0.00%		0.10%		0.10%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.09%		0.09%
	TOTAL		Balance		612,003.69		9,146,363.69		4,507,470.44		9,421,673.19		23,687,511.01
			% Balance		0.18%		2.74%		1.35%		2.82%		7.09%
			# Loans		6		75		28		67		176
			% # Loans		0.26%		3.22%		1.20%		2.88%		7.56%










Page 11 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,876,102.24		2,239,453.70		2,319,099.52		12,434,655.46
			% Balance				2.39%		0.68%		0.70%		3.77%
			# Loans				45		15		35		95
			% # Loans				2.28%		0.76%		1.77%		4.80%
	FORECLOSURE		Balance		0.00		149,295.73		2,104,493.56		7,033,517.90		9,287,307.19
			% Balance		0.00%		0.05%		0.64%		2.13%		2.82%
			# Loans		0		1		10		34		45
			% # Loans		0.00%		0.05%		0.51%		1.72%		2.28%
	BANKRUPTCY		Balance		466,515.59		0.00		210,500.41		517,085.38		1,194,101.38
			% Balance		0.14%		0.00%		0.06%		0.16%		0.36%
			# Loans		4		0		2		4		10
			% # Loans		0.20%		0.00%		0.10%		0.20%		0.51%
	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		466,515.59		8,025,397.97		4,554,447.67		9,869,702.80		22,916,064.03
			% Balance		0.14%		2.43%		1.38%		2.99%		6.95%
			# Loans		4		46		27		73		150
			% # Loans		0.20%		2.33%		1.37%		3.69%		7.58%









Page 12 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

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
80010478 1
			79,200.00		78,589.43		01-Dec-2004		7.450%		MI - 90.00%		360		01-Oct-2004

6000109542 1			264,000.00		262,004.35		01-Oct-2004		7.550%		GA - 80.00%		360		01-Oct-2004


TOTAL			343,200.00		340,593.78


Page 13 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

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
80006525 1
			143,932.00		142,394.68		01-Jan-2005		7.400%		TX - 80.00%		360		01-Jul-2004

80008105 1			102,000.00		101,243.31		01-Jan-2005		8.600%		FL - 85.00%		360		01-Aug-2004
1000167297 1			238,500.00		235,662.19		01-Jan-2005		7.350%		GA - 90.00%		360		01-Jun-2004
1000180034 1			116,000.00		115,651.98		01-Nov-2004		11.990%		NJ - 62.00%		360		01-Oct-2004
1000182841 1			252,000.00		250,439.62		01-Mar-2005		8.550%		CA - 80.00%		360		01-Oct-2004
1000184152 1			117,000.00		115,967.50		01-Mar-2005		7.000%		AZ - 90.00%		360		01-Oct-2004
1000186313 1			276,800.00		274,580.97		01-Dec-2004		7.250%		CA - 80.00%		360		01-Oct-2004
1000190033 1			200,000.00		198,283.97		01-Mar-2005		6.900%		NV - 80.00%		360		01-Oct-2004
3027405386 1			204,000.00		202,939.69		01-Feb-2005		8.875%		FL - 85.00%		360		01-Nov-2004
3029403518 1			96,000.00		95,082.50		01-Mar-2005		6.875%		NC - 80.00%		360		01-Sep-2004
3029404145 1			37,000.00		36,879.83		01-Sep-2004		11.625%		PA - 20.00%		360		01-Oct-2004
3029404199 1			165,000.00		164,097.66		01-Mar-2005		8.625%		FL - 75.00%		360		01-Nov-2004
3029404694 1			89,500.00		89,065.74		01-Feb-2005		9.750%		WI - 90.00%		360		01-Oct-2004
3029405385 1			270,000.00		268,239.99		01-Nov-2004		7.750%		FL - 90.00%		360		01-Nov-2004
3042400181 1			72,900.00		72,528.42		01-Jan-2005		9.500%		FL - 90.00%		360		01-Oct-2004
3058403354 1			149,000.00		147,834.32		01-Dec-2004		7.875%		MI - 79.00%		360		01-Sep-2004
3058403400 1			79,200.00		78,428.46		01-Feb-2005		6.750%		KY - 80.00%		360		01-Sep-2004
3076400694 1			183,000.00		180,921.01		01-Sep-2004		7.250%		IL - 99.00%		360		01-Jun-2004
3076401921 1			306,850.00		304,507.61		01-Feb-2005		7.500%		IL - 85.00%		360		01-Oct-2004
3076402078 1			292,000.00		290,432.63		01-Dec-2004		9.250%		MI - 100.00%		360		01-Oct-2004
3076402113 1			51,000.00		50,704.74		01-Mar-2005		9.625%		MI - 85.00%		360		01-Nov-2004
3076402145 1			226,750.00		225,713.78		01-Dec-2004		9.500%		IL - 85.00%		360		01-Nov-2004
5000094531 1			352,000.00		348,263.82		01-Oct-2004		7.600%		TX - 80.00%		360		01-Jun-2004
5000105348 1			238,500.00		236,431.36		01-Dec-2004		7.350%		MA - 87.00%		360		01-Sep-2004
5000105454 1			93,600.00		92,856.87		01-Feb-2005		7.300%		TX - 80.00%		360		01-Oct-2004
5000105687 1			280,000.00		278,217.08		01-Mar-2005		8.900%		IL - 80.00%		360		01-Sep-2004
5000106085 1			90,000.00		89,306.68		01-Mar-2005		8.850%		TX - 75.00%		360		01-Oct-2004
5000109346 1			280,000.00		278,283.66		01-Jan-2005		8.600%		NJ - 80.00%		360		01-Oct-2004
5000109455 1			116,100.00		115,256.97		01-Dec-2004		8.250%		WI - 90.00%		360		01-Sep-2004
5000110323 1			90,000.00		89,479.94		01-Feb-2005		8.890%		IL - 75.00%		360		01-Oct-2004
5240403505 1			167,850.00		166,253.57		#######		6.875%		CO - 80.00%		360		01-Sep-2004
5240403508 1			41,950.00		41,825.62		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		172,717.48		01-Nov-2004		6.500%		WA - 98.00%		360		01-Dec-2004
5272400262 1			305,150.00		303,564.01		01-Oct-2004		8.875%		NV - 85.00%		360		01-Nov-2004
5277401711 1			221,000.00		219,782.84		01-Oct-2004		9.125%		IL - 85.00%		360		01-Oct-2004
5287401095 1			45,000.00		44,402.26		01-Feb-2005		7.500%		OH - 90.00%		360		01-Dec-2004
5289400605 1			71,000.00		70,544.59		01-Jan-2005		8.375%		SD - 75.00%		360		01-Oct-2004
5292400034 1			102,400.00		101,778.55		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
6000108297 1			84,500.00		84,226.91		01-Mar-2005		11.650%		FL - 65.00%		360		01-Oct-2004
6000110032 1			175,000.00		174,093.93		01-Mar-2005		9.425%		NJ - 68.00%		360		01-Oct-2004
6000110143 1			55,250.00		55,080.96		01-Feb-2005		11.900%		MI - 65.00%		360		01-Oct-2004
6000113140 1			127,200.00		126,087.32		01-Dec-2004		6.400%		NH - 80.00%		360		01-Oct-2004
6000113498 1			130,500.00		129,641.57		01-Nov-2004		8.250%		TN - 90.00%		360		01-Oct-2004
6000114906 1			351,000.00		350,978.32		01-Mar-2005		5.400%		MD - 64.00%		360		01-Oct-2004
7000115843 1			181,800.00		180,511.21		01-Jan-2005		7.875%		CA - 90.00%		360		01-Oct-2004
8000013643 1			265,500.00		265,500.00		01-Mar-2005		7.350%		NJ - 90.00%		360		01-Aug-2004
8000018676 1			173,550.00		172,862.32		01-Feb-2005		10.700%		RI - 65.00%		360		01-Oct-2004


Page 14 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

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
8000018772 1
			140,000.00		139,445.89		01-Dec-2004		10.700%		MA - 49.00%		360		01-Oct-2004

8000018832 1			292,000.00		290,155.06		01-Feb-2005		8.450%		NJ - 75.00%		360		01-Oct-2004
8000020167 1			209,000.00		207,062.36		01-Feb-2005		6.500%		NJ - 84.00%		360		01-Oct-2004
8000020224 1			274,000.00		274,000.00		01-Mar-2005		6.500%		DE - 90.00%		360		01-Oct-2004
80006073 2			112,000.00		110,805.18		01-Nov-2004		7.300%		CO - 80.00%		360		01-Jul-2004
80009914 2			221,250.00		219,308.87		01-Jan-2005		7.450%		CO - 75.00%		360		01-Sep-2004
1000153563 2			24,700.00		24,332.18		01-Sep-2004		11.500%		AZ - 20.00%		240		01-Apr-2004
1000159923 2			31,200.00		30,653.32		01-Jan-2005		11.750%		NV - 20.00%		240		01-May-2004
1000178013 2			648,750.00		642,122.29		01-Feb-2005		6.500%		CA - 75.00%		360		01-Sep-2004
1000184273 2			463,200.00		463,200.00		01-Jan-2005		5.990%		CA - 80.00%		360		01-Oct-2004
1000186084 2			100,000.00		99,323.32		01-Jan-2005		8.600%		ME - 49.00%		360		01-Sep-2004
1000188696 2			230,000.00		228,294.18		01-Feb-2005		7.650%		CA - 51.00%		360		01-Oct-2004
1000189543 2			191,250.00		190,231.16		01-Feb-2005		9.300%		CA - 75.00%		360		01-Oct-2004
1000189842 2			367,200.00		363,765.74		01-Nov-2004		6.450%		CA - 80.00%		360		01-Oct-2004
1000190876 2			275,800.00		273,795.83		01-Feb-2005		7.750%		CA - 70.00%		360		01-Oct-2004
3029401278 2			15,000.00		14,941.59		01-Feb-2005		11.250%		FL - 20.00%		180		01-Sep-2004
3029404181 2			295,200.00		292,399.61		01-Mar-2005		6.375%		FL - 80.00%		360		01-Oct-2004
3029405633 2			72,000.00		71,847.07		01-Jan-2005		12.500%		FL - 20.00%		180		01-Dec-2004
3076400904 2			288,000.00		285,301.95		01-Mar-2005		7.875%		IL - 90.00%		360		01-Jul-2004
3076402077 2			163,000.00		161,815.59		01-Nov-2004		7.750%		IL - 78.00%		360		01-Oct-2004
5000101410 2			51,300.00		50,962.77		01-Dec-2004		9.200%		IN - 90.00%		360		01-Aug-2004
5000102697 2			454,000.00		449,651.06		01-Feb-2005		7.500%		TX - 80.00%		360		01-Aug-2004
5000108172 2			136,800.00		135,745.50		01-Feb-2005		7.950%		GA - 90.00%		360		01-Sep-2004
5000109194 2			59,040.00		58,670.68		01-Dec-2004		8.500%		OK - 90.00%		360		01-Oct-2004
5000109252 2			222,400.00		221,130.41		01-Mar-2005		8.950%		MA - 80.00%		360		01-Oct-2004
5000109293 2			107,100.00		106,241.34		01-Oct-2004		7.250%		GA - 90.00%		360		01-Oct-2004
5000109504 2			100,000.00		99,116.88		01-Nov-2004		6.750%		MA - 80.00%		360		01-Oct-2004
5000109867 2			118,400.00		117,565.46		01-Mar-2005		8.490%		MN - 80.00%		360		01-Sep-2004
5000110361 2			171,546.00		170,277.88		01-Mar-2005		7.990%		IL - 80.00%		360		01-Oct-2004
5000113650 2			129,276.00		128,507.30		01-Nov-2004		8.750%		TX - 90.00%		360		01-Oct-2004
5243405586 2			102,800.00		102,234.41		01-Feb-2005		8.000%		AZ - 80.00%		360		01-Dec-2004
5243405669 2			500,000.00		496,575.67		01-Feb-2005		7.500%		CA - 72.00%		360		01-Nov-2004
5248400317 2			105,300.00		104,729.61		01-Feb-2005		10.125%		AZ - 90.00%		360		01-Aug-2004
5266401417 2			64,000.00		63,600.70		01-Feb-2005		9.000%		IA - 80.00%		360		01-Sep-2004
5282401493 2			150,300.00		149,295.73		01-Apr-2005		7.625%		IL - 90.00%		360		01-Nov-2004
6000000461 2			384,000.00		380,951.48		01-Oct-2004		7.300%		FL - 80.00%		360		01-Oct-2004
6000098000 2			235,000.00		232,780.12		01-Mar-2005		7.800%		MA - 72.00%		360		01-Jul-2004
6000100836 2			110,400.00		109,084.96		01-Dec-2004		6.600%		IL - 80.00%		360		01-Jul-2004
6000106122 2			144,000.00		142,659.45		01-Mar-2005		7.450%		SC - 90.00%		360		01-Aug-2004
6000109786 2			144,000.00		143,082.98		01-Jan-2005		8.900%		FL - 80.00%		360		01-Sep-2004
6000110398 2			37,795.00		37,694.99		01-Dec-2004		11.500%		GA - 20.00%		360		01-Sep-2004
6000112438 2			249,750.00		247,843.46		01-Jan-2005		7.500%		GA - 90.00%		360		01-Oct-2004
6000114930 2			138,510.00		137,589.70		01-Feb-2005		8.200%		SC - 90.00%		360		01-Oct-2004
7000110796 2			255,000.00		253,405.75		01-Mar-2005		8.990%		CA - 57.00%		360		01-Sep-2004
7000112488 2			167,000.00		165,591.82		01-Mar-2005		6.990%		CA - 56.00%		360		01-Oct-2004
7000112946 2			432,000.00		428,396.89		01-Oct-2004		7.550%		CA - 80.00%		360		01-Sep-2004
7000114136 2			552,000.00		547,617.77		01-Oct-2004		7.300%		CA - 80.00%		360		01-Oct-2004
8000015835 2			225,000.00		223,381.11		01-Mar-2005		7.800%		MA - 68.00%		360		01-Oct-2004
8000019522 2			312,800.00		310,783.43		01-Feb-2005		8.350%		NY - 80.00%		360		01-Oct-2004


TOTAL			18,582,249.00		18,455,418.94


Page 15 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										93		96		189
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										93		96		189
Curtailments Amount										10,951.04		259,028.98		269,980.02
Paid in Full Balance										17,508,306.45		13,267,922.36		30,776,228.81
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										17,519,257.49		13,526,951.34		31,046,208.83

Cumulative


Number of Paid in Full Loans										317		334		651
Number of Repurchased Loans										19		19		38
Total Number of Loans Prepaid in Full										336		353		689
Paid in Full Balance										61,083,156.38		53,296,934.87		114,380,091.25
Repurchased Loans Balance										2,739,434.05		2,820,527.53		5,559,961.58
Curtailments Amount										553,346.50		446,233.10		999,579.60
Total Prepayment Amount										64,375,936.93		56,563,695.50		120,939,632.43










Page 16 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										5.33%		3.90%		4.62%
3 Months Avg SMM										3.90%		3.07%		3.49%
12 Months Avg SMM										2.97%		2.60%		2.79%
Avg SMM Since Cut-off										2.97%		2.60%		2.79%


CPR										48.14%		37.99%		43.28%
3 Months Avg CPR										37.95%		31.25%		34.69%
12 Months Avg CPR										30.40%		27.10%		28.77%
Avg CPR Since Cut-off										30.40%		27.10%		28.77%


PSA										2,390.32%		1,908.51%		2,161.52%
3 Months Avg PSA Approximation										2,091.28%		1,744.49%		1,923.72%
12 Months Avg PSA Approximation										2,003.90%		1,815.00%		1,911.33%
Avg PSA Since Cut-off Approximation										2,003.89%		1,815.00%		1,911.33%










Page 17 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

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 18 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

80005003 2			425,000.00		424,949.96			30-Jun-2005		6.100%		CA - 85.00%		Paid Off - 360		01-Jul-2004


80008101 1			85,000.00		84,564.52			06-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Aug-2004

80009741 2			198,000.00		197,798.33			17-Jun-2005		8.150%		CA - 90.00%		Paid Off - 360		01-Sep-2004

80014887 1			204,425.00		203,574.82			13-Jun-2005		8.700%		FL - 85.00%		Paid Off - 360		01-Dec-2004

1000001153 2			301,600.00		301,600.00			24-Jun-2005		5.650%		CA - 80.00%		Paid Off - 360		01-Oct-2004

1000175690 2			88,000.00		84,723.28			03-Jun-2005		6.500%		MI - 55.00%		Paid Off - 180		01-Aug-2004

1000184094 2			97,000.00		96,556.74			07-Jun-2005		9.500%		CA - 32.00%		Paid Off - 360		01-Oct-2004

1000184611 1			144,500.00		143,460.57			29-Jun-2005		7.250%		MA - 85.00%		Paid Off - 360		01-Oct-2004

1000186167 2			152,000.00		150,946.18			28-Jun-2005		7.990%		CA - 74.00%		Paid Off - 360		01-Sep-2004

1000187041 2			790,000.00		782,541.07			21-Jun-2005		6.400%		CA - 83.00%		Paid Off - 360		01-Sep-2004

1000187411 1			153,000.00		151,715.65			14-Jun-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Oct-2004

1000187568 1			60,320.00		60,118.70			27-Jun-2005		10.990%		CA - 16.00%		Paid Off - 360		01-Oct-2004

1000188521 2			406,000.00		402,493.23			23-Jun-2005		6.300%		CA - 69.00%		Paid Off - 360		01-Oct-2004

1000188529 2			314,500.00		312,324.69			21-Jun-2005		7.450%		CA - 85.00%		Paid Off - 360		01-Oct-2004

1000188674 1			193,500.00		191,772.37			16-Jun-2005		6.125%		CA - 82.00%		Paid Off - 360		01-Oct-2004

1000188689 1			303,000.00		300,841.73			02-Jun-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Oct-2004

1000189264 2			252,900.00		250,588.21			30-Jun-2005		6.000%		CA - 90.00%		Paid Off - 360		01-Oct-2004

1000189357 1			191,700.00		189,963.83			27-Jun-2005		7.050%		CA - 90.00%		Paid Off - 360		01-Oct-2004

1000189720 1			261,600.00		188,914.89			20-Jun-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Oct-2004

1000190501 2			535,000.00		529,750.28			02-Jun-2005		6.375%		CA - 67.00%		Paid Off - 360		01-Oct-2004

1000191136 1			250,000.00		248,569.00			07-Jun-2005		8.400%		CA - 62.00%		Paid Off - 360		01-Oct-2004

1000192069 1			264,000.00		261,375.49			02-Jun-2005		5.550%		CA - 80.00%		Paid Off - 360		01-Oct-2004

1000192298 2			189,500.00		187,815.78			01-Jun-2005		6.150%		NV - 51.00%		Paid Off - 360		01-Oct-2004

1000192557 1			66,000.00		65,665.56			07-Jun-2005		9.000%		CA - 20.00%		Paid Off - 360		01-Oct-2004

3027402857 2			39,000.00		38,848.21			01-Jun-2005		11.250%		FL - 20.00%		Paid Off - 180		01-Aug-2004

3027403499 2			162,000.00		162,000.00			03-Jun-2005		7.500%		FL - 90.00%		Paid Off - 360		01-Sep-2004

3027404269 2			144,000.00		142,962.84			22-Jun-2005		7.375%		FL - 80.00%		Paid Off - 360		01-Oct-2004

3027404270 2			36,000.00		35,839.67			22-Jun-2005		9.625%		FL - 20.00%		Paid Off - 180		01-Oct-2004

3027404308 2			136,000.00		134,665.13			10-Jun-2005		7.500%		MI - 85.00%		Paid Off - 360		01-Oct-2004

3027404353 1			89,250.00		88,542.68			20-Jun-2005		6.750%		FL - 75.00%		Paid Off - 360		01-Oct-2004

3027404360 2			142,400.00		141,298.27			06-Jun-2005		6.875%		FL - 80.00%		Paid Off - 360		01-Oct-2004

3027404361 2			35,600.00		35,496.48			06-Jun-2005		11.625%		FL - 20.00%		Paid Off - 180		01-Oct-2004

3027404745 1			77,600.00		77,206.84			16-Jun-2005		9.000%		OH - 80.00%		Paid Off - 360		01-Oct-2004

3027404917 2			110,400.00		109,851.51			02-Jun-2005		8.500%		MI - 80.00%		Paid Off - 360		01-Nov-2004

3027404941 2			260,000.00		258,422.12			06-Jun-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Nov-2004

3027404942 2			65,000.00		64,714.83			06-Jun-2005		9.625%		FL - 20.00%		Paid Off - 180		01-Nov-2004

3027405096 1			114,000.00		113,381.49			03-Jun-2005		7.375%		IL - 77.00%		Paid Off - 360		01-Dec-2004



Page 19 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

3027405102 1			131,600.00		130,876.86			03-Jun-2005		8.375%		FL - 70.00%		Paid Off - 360		01-Nov-2004


3027405427 2			156,800.00		155,969.97			23-Jun-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Dec-2004

3027405428 1			39,200.00		38,393.17			23-Jun-2005		9.625%		FL - 20.00%		Paid Off - 180		01-Dec-2004

3027405474 1			132,000.00		131,428.17			08-Jun-2005		8.500%		FL - 80.00%		Paid Off - 360		01-Dec-2004

3029403250 2			27,100.00		26,939.32			16-Jun-2005		9.250%		OK - 20.00%		Paid Off - 180		01-Aug-2004

3029403614 2			144,000.00		142,900.74			17-Jun-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Sep-2004

3029403654 1			60,000.00		59,539.24			24-Jun-2005		8.625%		MD - 80.00%		Paid Off - 360		01-Sep-2004

3029403673 2			137,750.00		136,712.65			17-Jun-2005		8.125%		FL - 95.00%		Paid Off - 360		01-Sep-2004

3029403705 1			25,500.00		25,453.64			29-Jun-2005		14.250%		FL - 15.00%		Paid Off - 180		01-Sep-2004

3029403709 2			118,400.00		117,466.09			27-Jun-2005		7.375%		NC - 80.00%		Paid Off - 360		01-Sep-2004

3029403710 1			29,600.00		28,949.28			27-Jun-2005		11.250%		NC - 20.00%		Paid Off - 180		01-Sep-2004

3029403934 2			85,500.00		85,020.42			16-Jun-2005		8.500%		MI - 100.00%		Paid Off - 360		01-Oct-2004

3029404339 2			130,000.00		128,979.52			02-Jun-2005		7.500%		WI - 87.00%		Paid Off - 360		01-Oct-2004

3029404393 2			140,000.00		139,109.74			14-Jun-2005		7.875%		FL - 80.00%		Paid Off - 360		01-Oct-2004

3029404397 1			35,000.00		34,936.41			14-Jun-2005		13.750%		FL - 20.00%		Paid Off - 180		01-Oct-2004

3029404581 2			80,000.00		79,451.03			15-Jun-2005		8.750%		FL - 59.00%		Paid Off - 360		01-Oct-2004

3029405080 1			147,200.00		146,420.83			21-Jun-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Dec-2004

3029405081 2			36,800.00		36,744.04			21-Jun-2005		13.375%		FL - 20.00%		Paid Off - 360		01-Dec-2004

3058401861 2			28,500.00		28,435.97			02-Jun-2005		14.250%		FL - 20.00%		Paid Off - 360		01-Sep-2004

3058402759 2			90,000.00		89,362.68			28-Jun-2005		8.375%		MD - 69.00%		Paid Off - 360		01-Aug-2004

3058402897 1			78,000.00		77,593.78			03-Jun-2005		8.875%		TN - 74.00%		Paid Off - 360		01-Oct-2004

3058403175 2			255,000.00		253,236.75			14-Jun-2005		8.000%		MD - 100.00%		Paid Off - 360		01-Sep-2004

3058403562 1			118,500.00		117,753.93			28-Jun-2005		8.250%		MD - 75.00%		Paid Off - 360		01-Oct-2004

3058403959 1			67,500.00		67,111.68			30-Jun-2005		8.375%		FL - 90.00%		Paid Off - 360		01-Oct-2004

3058404012 1			146,000.00		144,922.83			15-Jun-2005		7.125%		MD - 65.00%		Paid Off - 360		01-Oct-2004

3058404172 2			108,800.00		108,017.38			14-Jun-2005		7.250%		FL - 80.00%		Paid Off - 360		01-Oct-2004

3058404174 2			27,200.00		27,101.92			14-Jun-2005		10.625%		FL - 20.00%		Paid Off - 180		01-Oct-2004

3058405005 2			200,550.00		199,420.12			07-Jun-2005		7.875%		MD - 80.00%		Paid Off - 360		01-Nov-2004

3058405126 2			223,000.00		221,957.90			02-Jun-2005		8.125%		MD - 74.00%		Paid Off - 360		01-Dec-2004

3058405127 1			90,250.00		89,544.09			30-Jun-2005		8.000%		FL - 88.00%		Paid Off - 360		01-Nov-2004

3058405464 2			147,600.00		146,992.41			28-Jun-2005		8.750%		MI - 90.00%		Paid Off - 360		01-Dec-2004

3076401602 2			94,100.00		93,416.26			22-Jun-2005		7.750%		IL - 77.00%		Paid Off - 360		01-Sep-2004

3076401750 1			85,000.00		84,445.92			23-Jun-2005		7.750%		IL - 63.00%		Paid Off - 360		01-Oct-2004

3076401859 1			160,000.00		158,957.01			15-Jun-2005		7.750%		IL - 84.00%		Paid Off - 360		01-Oct-2004

3076401943 2			379,200.00		379,082.75			23-Jun-2005		7.375%		IL - 80.00%		Paid Off - 360		01-Oct-2004

3076401958 1			123,250.00		122,701.25			15-Jun-2005		9.625%		IL - 85.00%		Paid Off - 360		01-Oct-2004

3076402014 1			78,000.00		77,582.17			20-Jun-2005		8.750%		MI - 75.00%		Paid Off - 360		01-Oct-2004

3076402071 1			76,500.00		76,001.27			14-Jun-2005		7.750%		IL - 83.00%		Paid Off - 360		01-Oct-2004



Page 20 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

3076402152 1			123,250.00		123,250.00			08-Jun-2005		7.500%		IL - 85.00%		Paid Off - 360		01-Nov-2004


3076402497 1			170,000.00		168,600.44			17-Jun-2005		6.500%		IL - 85.00%		Paid Off - 360		01-Dec-2004

5000099930 1			99,900.00		99,082.86			28-Jun-2005		7.650%		PA - 100.00%		Paid Off - 360		01-Aug-2004

5000106848 1			127,500.00		126,815.50			30-Jun-2005		9.250%		IL - 85.00%		Paid Off - 360		01-Sep-2004

5000108174 1			212,000.00		210,687.25			20-Jun-2005		8.550%		MN - 80.00%		Paid Off - 360		01-Sep-2004

5000108196 2			196,200.00		196,200.00			06-Jun-2005		6.000%		IL - 90.00%		Paid Off - 360		01-Oct-2004

5000108366 1			180,000.00		178,430.38			03-Jun-2005		6.250%		MN - 90.00%		Paid Off - 360		01-Oct-2004

5000108424 1			10,000.00		9,569.62			03-Jun-2005		11.000%		MN - 5.00%		Paid Off - 120		01-Oct-2004

5000108788 2			140,600.00		139,759.35			16-Jun-2005		8.200%		VA - 77.00%		Paid Off - 360		01-Oct-2004

5000109201 1			150,000.00		149,192.05			30-Jun-2005		8.700%		MA - 58.00%		Paid Off - 360		01-Oct-2004

5000109738 1			58,900.00		58,669.89			16-Jun-2005		10.250%		MI - 100.00%		Paid Off - 360		01-Oct-2004

5000109798 1			202,500.00		200,895.00			29-Jun-2005		6.750%		MN - 90.00%		Paid Off - 360		01-Oct-2004

5000110763 2			202,400.00		200,856.58			29-Jun-2005		6.950%		MN - 80.00%		Paid Off - 360		01-Oct-2004

5000111022 1			140,000.00		139,409.78			16-Jun-2005		9.990%		IL - 70.00%		Paid Off - 360		01-Oct-2004

5000111493 1			107,100.00		107,100.00			13-Jun-2005		6.650%		WI - 90.00%		Paid Off - 360		01-Oct-2004

5000111911 1			201,750.00		201,750.00			01-Jun-2005		6.850%		MN - 87.00%		Paid Off - 360		01-Oct-2004

5000112101 1			136,350.00		135,269.30			06-Jun-2005		6.750%		GA - 90.00%		Paid Off - 360		01-Oct-2004

5000112137 2			194,352.00		193,122.20			16-Jun-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Oct-2004

5000112159 2			48,588.00		48,121.71			16-Jun-2005		11.900%		IL - 20.00%		Paid Off - 240		01-Oct-2004

5000112241 2			15,150.00		14,949.14			06-Jun-2005		9.375%		GA - 10.00%		Paid Off - 240		01-Oct-2004

5240402368 1			92,150.00		91,796.96			30-Jun-2005		11.750%		CA - 20.00%		Paid Off - 360		01-Jul-2004

5240402983 2			176,250.00		174,942.40			21-Jun-2005		7.625%		NV - 80.00%		Paid Off - 360		01-Sep-2004

5240403282 1			32,000.00		31,906.76			30-Jun-2005		12.125%		CA - 20.00%		Paid Off - 360		01-Sep-2004

5240403932 2			32,000.00		31,906.76			13-Jun-2005		12.125%		NV - 20.00%		Paid Off - 360		01-Sep-2004

5240404101 2			300,400.00		300,400.00			02-Jun-2005		8.000%		CA - 80.00%		Paid Off - 360		01-Sep-2004

5240405099 1			20,000.00		19,924.67			02-Jun-2005		10.375%		CA - 10.00%		Paid Off - 360		01-Oct-2004

5240405200 2			460,000.00		460,000.00			07-Jun-2005		7.125%		CA - 80.00%		Paid Off - 360		01-Oct-2004

5240406258 2			146,900.00		146,261.75			09-Jun-2005		8.500%		NV - 65.00%		Paid Off - 360		01-Dec-2004

5240406380 2			42,000.00		41,873.52			24-Jun-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Dec-2004

5243400666 1			45,600.00		45,243.56			01-Jun-2005		8.750%		CA - 15.00%		Paid Off - 360		01-Jun-2004

5243401918 2			37,000.00		36,858.27			14-Jun-2005		11.750%		CA - 20.00%		Paid Off - 360		01-Jul-2004

5243402170 2			200,700.00		198,611.62			16-Jun-2005		6.875%		CA - 90.00%		Paid Off - 360		01-Jul-2004

5243402904 1			378,000.00		374,741.22			29-Jun-2005		6.875%		CA - 70.00%		Paid Off - 360		01-Sep-2004

5243403488 2			227,500.00		225,925.49			08-Jun-2005		8.000%		CA - 79.00%		Paid Off - 360		01-Sep-2004

5243404119 1			340,000.00		338,015.89			27-Jun-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004

5243404491 2			315,000.00		312,634.13			02-Jun-2005		7.750%		CA - 89.00%		Paid Off - 360		01-Oct-2004

5243405007 2			280,000.00		279,181.72			30-Jun-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

5243405076 2			500,000.00		500,000.00			13-Jun-2005		7.500%		CA - 76.00%		Paid Off - 360		01-Nov-2004



Page 21 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

5243405106 2			348,000.00		347,999.81			17-Jun-2005		7.625%		CA - 80.00%		Paid Off - 360		01-Nov-2004


5243405163 1			95,800.00		95,370.20			09-Jun-2005		9.000%		CA - 14.00%		Paid Off - 360		01-Nov-2004

5243405286 2			220,500.00		219,026.21			02-Jun-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Nov-2004

5243405557 1			300,000.00		297,942.78			24-Jun-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004

5243405785 1			206,200.00		206,200.00			22-Jun-2005		7.625%		CA - 75.00%		Paid Off - 360		01-Dec-2004

5243405830 2			264,000.00		262,381.79			22-Jun-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

5243405833 1			49,500.00		49,237.99			22-Jun-2005		7.500%		CA - 15.00%		Paid Off - 360		01-Dec-2004

5243405848 1			67,650.00		67,429.46			02-Jun-2005		9.875%		CA - 19.00%		Paid Off - 360		01-Dec-2004

5246400895 1			140,000.00		139,257.37			27-Jun-2005		7.500%		CA - 70.00%		Paid Off - 360		01-Dec-2004

5248400620 2			247,500.00		245,982.94			20-Jun-2005		6.750%		AZ - 90.00%		Paid Off - 360		01-Dec-2004

5254400184 1			98,000.00		97,139.91			22-Jun-2005		7.750%		CA - 65.00%		Paid Off - 360		01-Jul-2004

5272400725 2			210,500.00		209,093.39			29-Jun-2005		7.625%		CA - 62.00%		Paid Off - 360		01-Oct-2004

5272400928 2			367,000.00		364,772.78			10-Jun-2005		7.500%		NV - 82.00%		Paid Off - 360		01-Nov-2004

5274400611 1			223,200.00		221,916.01			24-Jun-2005		8.375%		CA - 80.00%		Paid Off - 360		01-Oct-2004

5277401828 1			60,900.00		60,621.72			22-Jun-2005		9.500%		MI - 70.00%		Paid Off - 360		01-Oct-2004

5282400689 2			176,000.00		174,553.07			15-Jun-2005		7.625%		IL - 80.00%		Paid Off - 360		01-Aug-2004

5282401144 1			154,000.00		153,398.50			23-Jun-2005		10.250%		IL - 70.00%		Paid Off - 360		01-Oct-2004

5282401384 1			180,000.00		178,934.28			02-Jun-2005		7.625%		IL - 75.00%		Paid Off - 360		01-Nov-2004

5287400791 1			76,000.00		75,605.00			30-Jun-2005		8.875%		IN - 95.00%		Paid Off - 360		01-Oct-2004

6000102575 1			152,000.00		150,340.58			29-Jun-2005		6.150%		MN - 80.00%		Paid Off - 360		01-Aug-2004

6000105670 1			115,000.00		114,275.07			01-Jun-2005		8.950%		FL - 77.00%		Paid Off - 360		01-Aug-2004

6000110286 2			188,000.00		186,712.90			09-Jun-2005		8.050%		FL - 80.00%		Paid Off - 360		01-Sep-2004

6000110394 1			153,600.00		152,993.71			28-Jun-2005		10.200%		NJ - 60.00%		Paid Off - 360		01-Oct-2004

6000110498 2			184,500.00		183,023.61			03-Jun-2005		6.700%		FL - 90.00%		Paid Off - 360		01-Oct-2004

6000111100 2			116,000.00		115,114.88			24-Jun-2005		6.950%		NJ - 80.00%		Paid Off - 360		01-Oct-2004

6000111374 1			85,000.00		84,351.80			30-Jun-2005		6.950%		FL - 61.00%		Paid Off - 360		01-Oct-2004

6000111558 2			138,724.00		137,613.46			15-Jun-2005		6.700%		FL - 80.00%		Paid Off - 360		01-Oct-2004

6000111608 1			34,681.00		34,577.28			15-Jun-2005		11.500%		FL - 20.00%		Paid Off - 360		01-Oct-2004

6000111952 2			340,000.00		338,092.79			03-Jun-2005		8.500%		MD - 80.00%		Paid Off - 360		01-Oct-2004

6000112270 2			75,000.00		#######			27-Jun-2005		7.150%		NJ - 71.00%		Paid Off - 360		01-Oct-2004

6000112604 2			210,000.00		208,968.32			24-Jun-2005		9.150%		NJ - 69.00%		Paid Off - 360		01-Oct-2004

6000112647 1			60,000.00		59,745.07			27-Jun-2005		9.850%		GA - 51.00%		Paid Off - 360		01-Oct-2004

6000113798 1			376,000.00		372,782.61			10-Jun-2005		6.350%		NY - 80.00%		Paid Off - 360		01-Oct-2004

6000115174 1			148,400.00		147,413.01			09-Jun-2005		7.650%		CT - 80.00%		Paid Off - 360		01-Oct-2004

6000115254 1			37,100.00		37,018.82			09-Jun-2005		13.025%		CT - 20.00%		Paid Off - 360		01-Oct-2004

7000102350 1			6,000.00		5,068.01			06-Jun-2005		11.990%		WA - 5.00%		Paid Off - 60		01-Jul-2004

7000104083 1			14,315.00		13,525.63			29-Jun-2005		11.999%		CO - 5.00%		Paid Off - 120		01-Jul-2004

7000104346 2			11,850.00		11,205.35			29-Jun-2005		12.249%		CA - 5.00%		Paid Off - 120		01-Jul-2004



Page 22 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

7000104604 1			51,350.00		51,080.49			13-Jun-2005		9.900%		CA - 65.00%		Paid Off - 360		01-Aug-2004


7000112066 1			164,000.00		162,712.65			08-Jun-2005		6.800%		NY - 80.00%		Paid Off - 360		01-Oct-2004

7000112089 2			41,000.00		40,831.16			08-Jun-2005		10.000%		NY - 20.00%		Paid Off - 360		01-Oct-2004

7000112418 1			350,000.00		348,556.06			06-Jun-2005		9.990%		MD - 70.00%		Paid Off - 360		01-Oct-2004

7000112692 1			160,000.00		158,551.66			03-Jun-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Oct-2004

7000112745 1			80,500.00		79,914.97			07-Jun-2005		7.750%		CA - 89.00%		Paid Off - 360		01-Sep-2004

7000112761 2			5,000.00		4,775.50			07-Jun-2005		12.250%		CA - 6.00%		Paid Off - 120		01-Sep-2004

7000112842 1			170,289.00		170,269.00			10-Jun-2005		6.900%		FL - 80.00%		Paid Off - 360		01-Oct-2004

7000112886 1			284,250.00		282,099.10			16-Jun-2005		6.990%		NJ - 74.00%		Paid Off - 360		01-Oct-2004

7000112903 2			42,572.00		42,434.01			10-Jun-2005		11.125%		FL - 20.00%		Paid Off - 360		01-Oct-2004

7000112994 1			323,000.00		323,000.00			16-Jun-2005		6.300%		CA - 61.00%		Paid Off - 360		01-Oct-2004

7000113320 1			283,212.00		283,212.00			09-Jun-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Oct-2004

7000113326 1			70,803.00		70,510.84			09-Jun-2005		9.990%		CA - 20.00%		Paid Off - 360		01-Oct-2004

7000113355 2			428,000.00		424,575.13			30-Jun-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Oct-2004

7000113417 2			107,000.00		106,588.67			30-Jun-2005		10.325%		CA - 20.00%		Paid Off - 360		01-Oct-2004

7000113878 1			85,000.00		84,544.48			06-Jun-2005		8.725%		CA - 20.00%		Paid Off - 360		01-Oct-2004

7000114442 2			432,000.00		428,222.69			13-Jun-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Oct-2004

7000114458 1			352,000.00		352,000.00			09-Jun-2005		6.350%		CA - 83.00%		Paid Off - 360		01-Oct-2004

7000114507 2			108,000.00		107,574.65			13-Jun-2005		10.990%		CA - 20.00%		Paid Off - 360		01-Oct-2004

7000114612 1			112,000.00		111,129.20			16-Jun-2005		6.850%		FL - 80.00%		Paid Off - 360		01-Oct-2004

7000114777 2			34,000.00		33,889.76			15-Jun-2005		11.125%		MD - 20.00%		Paid Off - 360		01-Oct-2004

8000006380 2			286,000.00		283,478.99			29-Jun-2005		8.900%		NJ - 100.00%		Paid Off - 360		01-Apr-2004

8000008181 2			495,000.00		489,003.32			23-Jun-2005		7.100%		NY - 90.00%		Paid Off - 360		01-May-2004

8000014463 1			198,000.00		196,258.41			09-Jun-2005		7.100%		NJ - 90.00%		Paid Off - 360		01-Sep-2004

8000016687 1			222,400.00		222,400.00			08-Jun-2005		6.900%		CT - 80.00%		Paid Off - 360		01-Sep-2004

8000017761 2			177,300.00		176,109.32			07-Jun-2005		7.600%		RI - 90.00%		Paid Off - 360		01-Oct-2004

8000018040 1			81,600.00		80,989.73			02-Jun-2005		7.050%		FL - 80.00%		Paid Off - 360		01-Oct-2004

8000018062 1			280,000.00		278,331.13			27-Jun-2005		8.200%		NJ - 80.00%		Paid Off - 360		01-Oct-2004

8000018326 2			194,400.00		192,358.49			14-Jun-2005		6.350%		NJ - 90.00%		Paid Off - 360		01-Oct-2004

8000018742 1			103,824.00		102,902.33			08-Jun-2005		7.650%		PA - 80.00%		Paid Off - 360		01-Oct-2004

8000018834 2			25,956.00		25,155.80			08-Jun-2005		13.025%		PA - 20.00%		Paid Off - 180		01-Oct-2004

8000019024 2			191,100.00		189,738.52			28-Jun-2005		7.850%		RI - 70.00%		Paid Off - 360		01-Sep-2004

8000019147 2			210,000.00		208,659.06			17-Jun-2005		8.100%		RI - 75.00%		Paid Off - 360		01-Oct-2004

8000019440 1			167,300.00		165,974.01			14-Jun-2005		6.750%		NJ - 70.00%		Paid Off - 360		01-Oct-2004

8000019677 2			202,000.00		200,586.11			28-Jun-2005		7.450%		NJ - 75.00%		Paid Off - 360		01-Oct-2004

8000019955 2			336,000.00		333,809.68			14-Jun-2005		7.750%		NY - 80.00%		Paid Off - 360		01-Oct-2004

8000020036 2			198,750.00		197,415.32			22-Jun-2005		7.600%		NY - 75.00%		Paid Off - 360		01-Oct-2004

8000020759 1			136,500.00		135,710.69			29-Jun-2005		8.350%		NJ - 56.00%		Paid Off - 360		01-Oct-2004



Page 23 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution


TOTAL			31,034,261.00		30,776,228.81

Page 24 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										4		2		6
Collateral Principal Realized Loss/(Gain) Amount										143,244.59		29,384.65		172,629.24
Collateral Interest Realized Loss/(Gain) Amount										0.00		7,900.80		7,900.80
Net Liquidation Proceeds										884,992.69		17,263.28		902,255.97

Cumulative




Number of Loans Liquidated										10		18		28
Collateral Realized Loss/(Gain) Amount										288,840.68		323,091.56		611,932.24
Net Liquidation Proceeds										917,502.84		394,977.94		1,312,480.78










Page 25 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.30%		0.01%		0.15%
3 Months Avg MDR										0.10%		0.06%		0.08%
12 Months Avg MDR										0.06%		0.03%		0.04%
Avg MDR Since Cut-off										0.06%		0.03%		0.04%


CDR										3.48%		0.16%		1.84%
3 Months Avg CDR										1.24%		0.74%		0.99%
12 Months Avg CDR										0.68%		0.40%		0.54%
Avg CDR Since Cut-off										0.68%		0.40%		0.54%


SDA										17.30%		0.81%		9.17%
3 Months Avg SDA Approximation										6.84%		4.16%		5.50%
12 Months Avg SDA Approximation										4.49%		2.65%		3.57%
Avg SDA Since Cut-off Approximation										4.49%		2.65%		3.57%


Loss Severity Approximation for Current Period										13.93%		62.99%		16.06%
3 Months Avg Loss Severity Approximation										73.64%		57.70%		42.64%
12 Months Avg Loss Severity Approximation										58.50%		46.50%		43.06%
Avg Loss Severity Approximation Since Cut-off										58.50%		46.50%		43.06%












Page 26 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

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 27 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

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

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

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

80009358 1
			10.990%		MO - 20.00%		180		25,524.03				25,524.03		0.00

3027401807 1			13.990%		MI - 20.00%		240		21,123.90				21,123.90		0.00
5243402973 1					CA - 80.00%		360				Revision		38.75
5243404219 1					CA - 80.00%		360				Revision		38.75
5281400126 1					CA - 75.00%		360				Revision		31.00
7000111171 1					WA - 20.00%		360				Revision		-17,263.28
3029404662 2			12.625%		FL - 20.00%		180		66,444.42				66,431.88		0.00
5243404578 2			6.500%		CA - 80.00%		360		396,000.00				6,745.65		0.00
5243405529 2			8.750%		AZ - 71.00%		360		500,000.00				4,274.20		0.00
6000109611 2			11.275%		GA - 20.00%		360		65,792.86				65,792.86		0.00


TOTAL									1,074,885.21			172,737.74		0.00



Page 28 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Triggers and Adj. Cert. Report
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								25,793,533.09
						(2) Stated Principal Balance								663,870,457.87
						60+ Day Delinquency % ( (1)/(2) )								3.89%
						(3) 37% of Senior Enhancement %								9.18%

						(ii) The quotient of ( (4)/(5) > (6))
						(4) Aggregate Cumulative Realized Loss								611,932.24
						(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

										Group 2		Group 1		Total
Net Monthly Excess Cashflow														1,871,621.11
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 29 of 30
GSAMP Trust 2005-HE1

Asset Backed Certificates

2005-HE1

July 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current Scheduled Payments														4,770,696.28
Current Scheduled Payments 1 Month Prior														4,935,056.56
Current Scheduled Payments 2 Month Prior														5,089,240.47
Current Scheduled Payments 3 Month Prior														5,232,347.12
Current Scheduled Payments 4 Month Prior														5,325,868.77
Current Scheduled Payments 5 Month Prior														5,436,164.64
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														218,969.68
Delinq. 60+ Sched. Pmnts, 1 Month Prior														194,162.54
Delinq. 60+ Sched. Pmnts, 2 Month Prior														158,710.81
Delinq. 60+ Sched. Pmnts, 3 Month Prior														140,012.50
Delinq. 60+ Sched. Pmnts, 4 Month Prior														117,495.14
Delinq. 60+ Sched. Pmnts, 5 Month Prior														55,745.44
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 30 of 30

GS Mortgage GSAMP Trust 2005-HE1 8-K